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HomeMy WebLinkAboutR2012-034s:\legallour documentslresolutions112\ecodev rayzor ranch pid.doc RESOLUTION NO. R2012-034 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, ACCEPTING FOR FILING A PETITION FOR THE CREATION OF RAYZOR RANCH PUBLIC IMPROVEMENT DISTRICT NO. 1; ORDERING A PUBLIC HEARING TO CONSIDER THE CREATION OF THE DISTRICT; AUTHORIZING AND DIRECTING THE PUBLICATION AND MAILING OF NOTICES OF THE PUBLIC HEARING AS REQUIRED BY LAW; AND PROVIDING FOR AN IMMEDIATE EFFECTIVE DATE. WIIEREAS, Chapter 372 of the Texas Local Government Code, as amended (the "Act") authorizes the City of Denton, Texas (the "City"), to create public improvement districts within the corporate limits or extraterritorial jurisdiction of the City; and WHEREAS, a petition, a copy of which is attached hereto as Exhibit A(the "Petition"), was filed with the City Secretary requesting the creation of "Rayzor Ranch Public Improvement District No. 1" (the "District") in accordance with the Act; and WHEREAS, the City Council has determined that it is in the best interest of the City and the owners who have executed the Petition to accept the filing of the Petition and to call a public hearing at which the City Council will consider the Petition and hear public testimony regarding the feasibility and advisability of creating the District. THE CITY COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES: SECTION 1. The recitals set forth in the WHEREAS clauses of this Resolution are true and correct and are incorporated as part of this Resolution. SECTION 2. The filing of the Petition with the City Secretary is hereby confirmed and accepted. SECTION 3. A public hearing to consider the adequacy of the Petition and to hear public testimony on the feasibility and advisability of creating the District is hereby called to be held on Tuesday, November 6, 2012, in the City Council chambers located at 215 East McKinney, Denton, Texas, 76201. SECTION 4. The City Secretary is hereby authorized and directed to give all notices of the public hearing as required by law including notices required by the Texas Open Meetings Act and the published and mailed notices required by the Act. SECTION 5. Upon the closing of the public hearing, the City Council may consider the adoption of a resolution creating the District in accordance with the Act. SECTION 6. This Resolution shall become effective from and after its date of passage in accordance with law. PASSED AND APPROVED this the ���day of ���� , 2012. A. � URR MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY , By: APPROVED AS TO LEGAL FORM: ANITY BURGESS, CITY ATTORNEY � By: Exhibit A PETITION REQUESTING THE ESTABLISHMENT QF R.AYZOR RANCH PUBLIC IMPROVEMENT DISTRICT NO. 1 This petition (this "Petition") is submitted and filed with the City Secretary of the City of Denton, Texas (the "Citv"), by the undersigned owners (collectively, "Owner") of approximately 229.693 contiguous acres located within the corporate limits of the City east of Interstate Highway 35, north of Scripture Street, west of Bonnie Brae Street, and south of West University Drive (U.S. Highway 380), which property is described by metes and bounds on Exhibit A attached hereto and depicted on Exhibit B attached hereto (the "Pro e"), acting pursuant to Chapter 372, Texas Local Government Code, as amended (the "Act"), requesting that the City Council of the City establish the Rayzor Ranch Public Improvement District No. 1(the "District") to include the Property. In support of this Petition and the creation of the District, Owner presents the following: Section 1. General Nature of the Proposed Public Improvements. The proposed public improvements authorized by the Act to be undertaken and financed for the special benefit of the Property (the "Authorized Public Improvements") may include, but are not limited to, the following: (a) arterial, collector, and local street improvements including, but not limited to, grading, drainage channels and structures, storm drains, retention basins, paving, curb, gutter, sidewalks, medians, landscaping, street lights, traffic signals, sewer lines, utility lines and appurtenances, irrigation lines and facilities, signing and striping, dust control and erosion protection, any necessary transitions, tapers and temporary improvements to existing roadways and facilities, and other associated improvements; (b) Interstate Highway I-35 frontage roads and associated entry/exit ramp reversal improvements including, but not limited to, grading, drainage channels and structures, storm drains, retention basins, paving, curb, gutter, sidewalks, medians, landscaping, street lights, traffic signals, sewer lines, utility lines and appurtenances, irrigation lines and facilities, signing and striping, dust control and erosion protection, any necessary transitions, tapers and temporary improvements to existing roadways and facilities, and other associated improvements; (c) sanitary sewer line improvements from the main collector and arterial roadways through the Property to serve individual lots and pad sites; (d) water line improvements from the main collector and arterial roadways through the Property to serve individuallots and pad sites; and (e) storm water improvements. Section 2. Estimated Costs of Proposed Public Improvements. The estimated cost of the Authorized Public Improvements is $65,000,000 (the "Authorized Improvements Cost"). Page 1 Rayzor Ranch PID 1 Petition 9.16.2012 1915.010129107.2 Section 3. Boundaries of the Pro osed District. The boundaries of the proposed District are the boundaries of the Property described on Exhibit A attached hereto and depicted on Exhibit B attached hereto. Section 4. Proposed Method of Assessment. It is proposed that the City Council of the City levy assessments against the Property or portions thereof, from time to time, in a manner that will impose equal shares of the Authorized Public Improvements Costs on lots, parcels, and tracts that are similarly benefited (including, but not limited to, assessments that may be levied on a per-acre basis related to uses permitted by applicable zoning but not related to the appraised value of the property whether developed or undeveloped), but only to the extent that the City Council determines that the Property or portions thereof, from time to time, being assessed is specially benefitted by the Authorized Public Improvements. It is proposed that the City Council of the City will levy such assessments only after notice and a public hearing as required by the Act, which assessments may be paid in full at any time, including accrued and unpaid interest; and if not paid in full, shall be paid in annual installments for a term that does not exceed 40 years. Annual installments shall be paid pursuant to a reimbursement agreement authorized by the Act between the City and Owner, including principal, interest, costs of collection and delinquencies, and costs of administration. The reimbursement agreement may provide that the collection of annual installments, including the accrual of interest, be deferred or reduced on terms and conditions set forth in the agreement. The amount of an assessment against a lot, parcel, or tract, once levied, may be reduced but not increased; however, the amount of the annual installments of any assessment may be reduced or increased from year to year depending on variations in the costs of collection, delinquencies, and administration. If assessments are levied based on estimates of the costs of Authorized Public Improvements, the levy must be structured so that it will be reduced in the event the actual costs are less than the estimate. Section 5. Proposed Apportionment of Costs between the District and the City. The Authorized Improvement Cost will be apportioned 100% to the District. No City property will be assessed, and the City will not be obligated to pay any assessments. Section 6. Management of the District. Owner proposes that the District be managed by the City with the assistance of consultants hired by the City and paid for as an administrative cost of the District. Section 7. Owner Requests Establishment of the District. Owner requests and concurs with the establishment of the District and with the levy of assessments against the Property to pay for or finance the Authorized Public Improvements to the extent the Authorized Public Improvements confer a special benefit on the Property. Section 8. Advisory Board. An advisory body may be established to develop and recommend an improvement plan to the City Council of the City; however, Owner proposes that the District be established and managed without an advisory body. This Petition is signed by Owner as the owner of 100% of the Property. This Petition is sufficient to create the District under the Act because it is signed by: (1) the owners of taxable real property representing more than fifty percent (50%) of the appraised value of taxable real Page 2 Rayzor Ranch PID 1 Petition 9.16.2012 1915.010129107.2 property liable f'or assessment uiider the proposal, as determined by the cui�rent roll of the appi•aisal district in wluch the property is located; and (2) record owners of real pi•operty liable for assessment tinder the proposal who: (A) constitute more than fifty percent (50%) of all record owners of propei�ty that is liable for assessment under the proposal; or (B) own taxable real property that constitutes more than fifty pez•cent (SQ%) of the area of all taxable real propet�ty that is liable for assessment under the proposal, RESPECTFULLY SUBMITTED this 17`�' day of September, 2012. Allegiance Hillvie�v, L.P., a New Yorlc liil�ited partnership By: TH , a e aware ' liability compan , rts general L L �- ,= `� �.(��a►:�kF .�� "� e �� � o� f�2X�!' Name: �n��'e.� �Sb��ti� Title; FY�v �rJ�� ze� � � r� ��o /' DB 1)enton II, L�,� , a Delaware Licnited liability company � :�� � .� � �- .�- �___. y � Name; A/1�c.1���,� �. �1��.�� f' Title: � e r. � � r Page 3 Rayzor Rnnch PID I Petitinn 9.Ifi.2012 19l S.0 I 0\291 U7.2 property liable for assessment under the proposal, as determined by the current roll of the appraisal district in which the property is located; and (2) record owners of real property liable for assessment under the proposal who: (A) constitute more than fifty percent (50%) of all record owners of property that is liable for assessment under the proposal; or (B) 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 the proposal. RESPECTFULLY SUBMITTED this 17th day of September, 2012. Allegiance Hillview, L.P., a New York limited partnership By: TH GP LLC, a Delaware limited liability company, its general partner : Name: Title: DB Denton II, LL a Delaware limited liability company By: ��-- � � Nan1e: /1%� �G�ae-� �-. �� er �' Title: !'�e.-. ti e-r Page 3 Rayzor Ranch PID 1 Petition 9.16.2012 1915.010129107.2 Exhibit A Le�al Descrintion of the PropertX METES AND BOUNDS DE5GRIf�TION BEING a 231.693 acre tract of land situated in the B.B.B. & C. R.R. Survey, Abstract Number 192, Denton County, Texns, In the City of Denton. Being a portion of the trdct af land described as Tract One in the deed to Allegiance Hillview, L.P. recorded in Document Number 2006-41743, Deed Records of Denton County, Texas ond all of Lot 3, Peprcy/Christon Addition No. 1, an addition to the City of Denton, according to the plat recorded in Cabinet 8, Pdge 34, Plat Records of Denton County, Texqs, qlso being all of the trnct of land described in the deed to DB Denton II, LLC recorded in Document Number 2010-74478, Daed Records of Denton County, Texas and being a portion of Block 1, Rayzor Ranch South Conveyance Plat according to the Conveyance Plat recorded in Cabinet Y, Slide 470, Plat Records of Denton County, Texas, sQid 231.693 acre tract of land being more patticularly desc�ibed qs follaws: BEGINNING at the point of intersection of the easterly right—af—way line of Interstqte Highway 35 (a vqriable width right—of—wpy) with the southeriy right—of—way line of University Avenue (a varlable width right—of—woy) ds described in the instrument recorded in Document Number 2010-69548, Deed Records of Denton County, Texas; THENCE with the southerly tight—of—wqy line of University Avenu� the followlhg: South 88° 51' OS" Eqst a distance of 233.78 fiset to the ppint of curvqture of q curve to the rfght hpving ct radius of 4,950.00 feet; Southeasterly along said curve through a centrql qngle of 01° 49' 37" qn qrc distance of 157.83 feet with a chord bearing of South 87° 56' 20" Eost and p chord distance of 157.83 feet to the point of tangency of said curve; South 87' 01' 32" East a distance of 75.84 feet to the point of curvature of a curve to the left having a radius of 5,050.00 feet; Southeasterly along safd curve through a central angle of 01° 49' 36" an arc distance of 161.01 feet wlth a chord bearing of South 87° 56' 20" Enst and a chord distqnce of 161.00 feet to the polnt of tangency of sqid curve; South 88° 51' OS" Eqst q distqnce of 135.55 feet #o q polnt for corner; 5outh 43° 51' 08" East a distance of 42.43 teet to a point for corner; North 85° 26' 14" East a distance of 110.55 feet to o point for comer; North 46° 08' 52" Eqst q distqnce of 42.43 feet to q point for corner; South 88° 51' OS°' East a distance of 156.45 feet to the point of curvature of q curve to the right having a rndius of 185.00 feet; Southeasterly along sdid curve thtough a centrql dngle of 06° 16' 36" an arc distance of 20.27 feet wlth d chord bepring of 5outh 85° 42' S0" Enst and a chard distqnce of 20.26 feet to the point of tpngency of spid curv�; South 82° 34� 33" Epst a dfstance of 78.68 feet to the pofnt of curvpture of p curve to the left having q radius of 215.00 feet; Continued next page... Exhibit A to Rayzor Ranch PID 1 Petition - Page 1 SHEET 1 OF 8 1915A10129107.1 Exhibit A Le�al Description of the Property Continued ... Southeasterly qlong said curve through a central a�gle of 06° 16' 36" pn arc distqnce of 23.55 feet with n chord bearing of South 85' 42' S0" East and a chord distance of 23.54 feet to the point of tungency of sald curve; Sou#h 88° 51' 08" Eust d distqnce af 248.29 feet to the beginning of q non—tdngent curve to the left, the radius point of soid curve being situqted North 01° 10' 45" Eqst Q distance of 5,050.11 feet fram sdid point; Southeasterly along said curve thraugh a central angle of a1° 10' 25" an arc distance of 103,44 feet with a chord bearing of South 89° 24' 27" East and a chard distance of 103.44 feet to the end of said curve; North 84° 31' 22" East Q distQnce of 125.28 feet to d point far corner; North 89" 27' 11" Eqst q dlstqnce of 26.81 feet to the polnt of cutvqtUre of a cutve to the tight hdving q rad(us of 185.00 feet; Sauthensterly along said curve through a central angie af 06° 16' 38°' an arc distance of 20.27 feet with a chord beqring of South 87° 24' 3D" Eqst and a chord distqnce of 20.26 feet to the point of tpngency of said curve; South 84" 16' 11" East a distance of 78.67 feet to the point of curvature of a curve to the left hoving a rqdius of 7_15.00 feet; Southeqsterly along said curve through a centr4l ongle of 06" 16' 38" qn qrc distqnce of 23.56 feet with q chord bearing of 5auth 87' 24' 30" Edst dnd a chord distance of 23.54 feet to the point of tangency of sqid curve; North 89° 27' 11" East a distance of 290.19 feet to a point for corner; South 44' 41' 59" Eqst p distqnce af 41.80 feet to a point far corner; North 83° 45' 42" East q distqnce of 110.92 feet to a point for corner; Narth 45° 18' 01" Eqst q distqnce of 43.05 feet to q polnt fot corner; North 89° 27' 17" East a distance of 217.23 feet to the point of curvature of a curve to the right having a rqdius of 4,961.00 feet; Northeasterly along snid curve through a central angie of 00° 56' S5" an arc distance of 82.15 feet with a chord beqring of North 89° 55' 38" Eqst qnd q chord distqnce of 82.15 feet to a point in the westerly line of Lot 2 of said Peprcy/Christon Addition No. 1; THENCE departing the southerly right—af—way Iine of University Drive with the westerly line of said Lot 2, Pearcy/Christon Addition No. t South 01° 08' 26" West q dist4nce of 593.84 feet #o the southwesterly corner of said Lot 2, Peqrcy/Chrlston Add'Ition No. 1; Continued next page,.. Exhibit A to Rayzor Ranch PID 1 Petition - Page 2 SHEET 2 OF S 1915.010129107.1 Exhibit A Legal Description of the Pro�erty Continued... THENCE dep4rting the westeriy line of spid Lot 2, Peprcy/Christon Addition No. 1 with the southerly line of said Lot 2, Peqrcy/Christon Additlon No. 1 South 89° 04' 34" Edst q distqnce of 691.50 feet to d point in the westerly right—of—way line of Bonnie Brae Street (a variable width right—of—wpy) qs described in the instrument recorded in Document Number 2008-96935, Deed Records of Dentan County, Texas; THENCE with the westerly right—of—w4y line of Bonnie Brae Street the fol�owing: South 00° 53' 07" West a distance of 481.67 feet to q point for corner; South 01° 03' 42" West a distance of 956.92 feet to a point for corner; South 00° 59' 47" West �a distqnce of 821.01 feet to q point in the easterly extension of the northerly line of the tra�t of Iqnd described in Exhibit X of the instrument recorded in Document Number 2008-80692, Deed Records of Denton County, Texas; THENCE departing the westerly right—of—way Ifne of Bonnie Broe Street with the easterly extension of and the northerly Ilne of the tract of land described in sdid Exh(bit X North 89° 11' 09" West a distance of 297.98 feet to the northwesterly comer of the tract of land described in said Exhibit X; THENGE depbrting the northerly lihe of the tract of Iqnd described ih sqid Exhibit X with the westerly line of the tract of land described in said Exhibit X South 00° 48' S1" West q distance of 482.75 feet to the southwesterly corner of the troct of land described in said Exhibit X; THENCE departing the westerly Iine of the trpct of Iqnd described in spid Exhibit X with the epsterly extension af and the southerly line of the tract of land described in sqid Exhibit X South 89° 11' 09" Eost a distance of 263.85 feet to a point iri the westetly I'ight—of—wqy Ilne of Bohnie Brqe Street in a hon—tqngent cuive to the right hqving p rpdius of 279.87 feet; THENCE with the westerly right—of—way line af Bonnie Brae Street the following: Southwesterly qlong sqid curve throuqh Q centrpl angle of 16° 58' 20" qn qrc distance of 82.90 feet with Q chord bearing of South 37° 25' 10" West and a chord distqnce of 82.6U feet to the point of reverse curvqture of q curve to the left hqvirig p radius of 437.01 feet; Southwesterly along said curve through a central angle of 56° 13' 56" an arc distance of 428.90 feet with a chord bearing of South 17° 47' 22" West and a chord distance of 411.89 feet to the end of said curve; South 39° 46' 07" West a distance of 25.02 feet to a point in the northerly right—ot—way line of Scripture Street (Q vari4ble width right—of—way); THENCE departing the westerly right—of—way line of Bonnie Brae Street with the northerly right—of—wqy line of 5cripture Street North 88° 58' QQ" West o distance of 373.11 feet to the southensterly corner of the tract of land described in the deed to Cook Children's Health Care System recorded in Document Number 20Q8-116772, �eed Records of Denton County, Tex4s also being Lot 2, Block 3, Rayzor Ranch South Conveyance, according to the Conveyance Plat recorded in Cabinet Y Page 690, Plat Records of Dentan County, Texas; Continued next pqge... Exhibit A to Rayzor Ranch PID 1 Petition - Page 3 SHEET 3 OF B 1915.010129107.1 Exhibit A Legal Description of the Property Continued... THENCE departing the northerly right—of—way line of Scripture Street with the easterly lines of said Cook Children's Health Cpre System trqct the following: North 01° 04� 41" East a distance of 469.52 f�et to a point for corner; North 8E3° 57' 19" West a distance of 2"10.25 feet to a point for corner; North Ot° 02' 41" Eqst a distahce ot 266.87 feet to a point for carner: North 06' S6' S2" West a distance of 192.19 feet to the most northeriy northeast corner of said Cook Children's Hedlth Care System trqct; THENCE departing the edsterly lines of said Cook Children's Hedlth Cdre System tract with the northerly lines of sQid Cook Children's Heolth Cqre System troct the followinq: South A3° 18' 21'� West a distance of 349.09 feet to the �oint of curvature of d cUfve to the right having a radfus of 7,032.50 feet; Southwesterly alang sdid curve through a central dngle of 03' 02' 20" an Qrc distdnce of 54.76 feet with a chord beqring of South 84° 49' 31" West pnd a chord distqhce of 54.76 feet to the point of tqngency of sqid curve; South 86° 20' 41" West a distance of 37.69 feet to the most northerly northwest corner of said Cook Children's Health Care System tract: THENCE depprting the northerly line of said Cook Children's Nealth Care System trpct with the westerly lines of said Cook Children's Health Care Systern tract the following: South 39° 41' S3" West a distance of 19.91 feet to q point for corner; South 06° 56' 52" East p distance of 26.90 feet to a point of curvqture of q curve to the right having a rqdius of 693.00 feet; Southepsterly along soid curve through � central qngle of 08° 01' 33" qn qrc distance of 97.07 feet with q chord bearing of South 02° 56' �6" East and a chord distance of 98.99 feet to the point of tangency of said curve; South 01° 04' 41" West n distqnce of 208.63 feet to a point for cornet; North 88° 55' 19" West a distance ot 3.00 feet to Q point for corner; South 01° 04' 41" West q distance of 509,21 feet to q point for comer; South 43° 55' 19" Eost a distance of 19.86 feet to a paint in the northerly right—of—way line of Scripture Street; Contlnued �ext pqge.., Exhibit A to Rayzor Ranch PID 1 Petition - Page 4 SHEET 4 OF 8 1915 A 10129107.1 Exhibit A Le�al Description of the PropertY Continued... 1HENCE departing the westerly lines of sqid Cook Children's Health Care 5ystem tract with the northerly right—of—wqy flne of Scl-Ipture Stteet North 88° 58' OQ" West q distdnca of 109.20 feet to the southecisterly corner of the tract of land descrfbed in the deed to Texas Oncology Properties, LLC recorded in Document Number 2006-142313, Deed Records of Den#on County, Texas; 1HENCE departing the northerly right—of—way line of Scripture Strest with the easterly line of said Texos Oncology Properties, LLC tract North Ot° 02' 00" Epst q distance of 500.06 feet to the northeusterly corner of said Texas Oncology Properties, LLC tract; THENCE depqrting the easterly line of said Texas Oncology Properties, LLC ttdct with the northerly line of said Texds Oncology Properties, LLC tract and the northerly line of Lot 1, Block t, Rehob Hospitql, an addition to the City of Denton pccording to the plat recorded in Cabinet X, Page 929, Plat R�cords of Denton County, Texas North 88° 58� 00" West a distance of 761.56 feet to a point in the easterly line of the tract of land described in the deed to 31d0 I-35 N, LLC recorded in Document Number 2011-109831, Deed Records of Denton County, Texas for the northwesterly corner of said Lot 1, Block 1, Rehab Hospital; THENCE departing the northerly Ilne of said Lot 1, Block 1, Rehab Hospital with the easterly line of safd 3100 I-35 N, LLC tract North D1° 02' DO" East a distance of 2.45 feet to a point in a nan—tangent curve to the right having p radius of 532,50 feet for the northeasterly corner of said 3100 I-35 N, LLC trqct; THENCE with the northerly (ines of sald 3100 I-35 N, LLC tract the following: 5outhwesterly along said curve through a central angle of 03' 15' 22" an arc distance of 30.26 feet with a chord bearing of South 67° 48� 19" West and a chord distance of 30,26 feet to the end of said curve; South 14° 43' 28" East a distpnce of 6.13 feet to p point in a non—tangent curve to the right hav(ng a radius of 638.00 feet; Southwesterly along said curve through a central angle of 05° 40' S0" qn prc distance af 63.25 feet with a chord beclring of South 72° 26' QB" West qnd q chord distqhce af 63.23 feet to the polnt of tcingency of spid curve; South 75° 16' 32" West d distdnce of 369.19 feet to a point for corner; South 30` 37' S4" West a distance of 42.69 feet to a point in the easterly right—of—wqy line of Interstate Highway 35 for the northwesterly corner of said 3100 I-35 N, LLC tract; THENCE depdrting the northerly lines of said 3100 I-35 N, LLC tract with the easterly right—of—way line of Interstqte Highwqy 35 the following: North 16° 24' 00" West q distqnce of 3190.03 feet to q point for carner; North 14° 50' O6" East p distance of 171.01 feet to a point for corner; North 46° 04' 12" East a distance of 303.95 feet to a point for corner; North 60° 32' 22" Eost q distance of 68.86 fieet to the POINT �F BEGINNING; Continued next pqge... Exhibit A to Rayzor Ranch PID 1 Petition - Page 5 SHEET 5 OF 8 1915.010129107.1 Exhibit A Le�al Description of the Property Continued... CONTAINING a computed gross area of 231,693 acres (10,�92,547 square feet} of land. SAVE AND EXCEPT the fallowing described tract. BEING a 2.000 acre tract of land situated in the B.B.B. & C. R,R. Survey, Abstract Number 192, Denton County, Texas, in the City of D�nton. Being dll of the tract of Idnd described in the d�ed to the City of denton recorded in Document Number 2010--32727, Deed Records of Denton Gounty, Texas, said 2.000 acre tract of land being more particularly described as follows: COMMENCING at the northwesterly corner of right—of—woy for Bonnie Brpe Street as described in the instrument recorded in Dacument Number 2008-96935, Oeed Records of Denton County, Texqs; TH�NCE with the westerly right—of—wpy line af 8onnis Brae Street South 0�° 53' 07" West a distance of 45.00 feet to p point for corner; THENCE departing the westerly right—of—way line of Bonnie 8rae Street North 89' 04' 34" West d distance of 58.75 feet to the POINT OF BEGINNING; THENCE South OQ° 53' 07" West a distance of 295.16 feet to a point far corner; T�iENCE North 89° 04� 34" West a dist4nce of 295.16 feet to q point for corner; THENCE North 00° 53' 07" East p distqnce of 295,16 faet to a point for corner; THENCE 5outh 89° 04' 34" East a distance of 295,16 feet to the POINT OF BEGINNING; C�NTAINING a computed areQ of 2.000 qcres (87,119 square feet} of land. LEAVING a net computed area of 229.693 peres (10,005,428 squara feet) of Iand, Exhibit A to Rayzor Ranch PID 1 Petition - Page 6 1915.010129107.1 Exhibit B Depiction of the Propert,� WEST UNIVERSITY DRIVE/U.S. 380 (VARIABLE N1DTH RIGHT-OF-WAY) DOCUMENT NUMQER 2010-69548 �2 11 C1 12 C2 L3 � L7 % \ L4 LE POINT OF BEGINNING OVERALL N74'S0�06"E 171.01' / �D � y G m �� r m� o�� m �i o=�n q �� � W (3� DB DENTON II, LIC. DOCUMENT NUMBER 2010-74478 LUT 1, BLUCK 5 RAYZOR RANCH SDUTH CONVEYANCE OOCUMENT NUMBER 2oia-�is C7 L13 �j5 L17 C8 tt U2 L14 �UB � � � i 589'04' LOT 3 69 PEARCY/CHRISTQN ADDRION N0. t CAF31NEf �, PAGE 3d r U Z � U U F- w �,� �w _ Z_. .__..._...._. � V ._. _._ Z ¢' i � � � -V 1+�1 ?<;...__ ' I p Q m� _..._.__. �� � �w �4 a a vai ��-�., . SAVE AND EXCEPT TRACT 2.()OG aCRES (87,119 SQUARE FEE� LAT i, BLOCK 2 RAYZOR RA�CH SOUTH CONVEYANCE PLAT CAF.71NEf Y, SUDE 470 CIIY OF �ENTON DOCUMENT NUMBER 2070-32727 � W � W 3 � LL ♦�/� � W Q v/ ��Y) --_.._.._-1 N wQ � Z m GROSS ACRES 231.693 (10,092,547 SQUARE FEET) # m°�o -SAVE AND EXCEPT ACRES 2.000 (87,119 SQUARE FEE7') a W Woa NET ACRES 229.693 (10,005,428 SQUARE FEET) $ Z Q° �, z � EXHI8IT X � � BLACK t �� DOCUMENT NUMBER N89'it'09"W m" CONVEYANCE PLAT ,,,,, 1_�„ __ 2008-SOG92 \ 297,98' RAYZOR RANCH SOUTH CABINEf Y. SLIDE 470 C13 �Zg �8 N88'S8'00"W C14 � . 76 6' 32 W i C� J � N W � v I N m Q Q N N88'S7'79"W � s 270.2 ' z LOT 2 DLOCK i S89'11'l, �75s9.t9' .DEYTON MED, LP' o, '. HAYZOR RANCH ;+� 263.65' � 3 OOCUMENT o o a N SOUTH iv �p . NUMOER �^+ � a CONVEYANCE e � 2007-tU8635 ; P o° a� v� o'° CABINEf Y, P,� i z° '� SLIDE 690 Z a `. � l2fi � ..._ ._..._ _ _: .,..,. . _.._ �Z� N88'SB 00"W LOT 1. BLOCk 4 373.11' RAYZOONVEYANCE�U� SGRIPTURE STREET 3100 I-35N, LLC. (VARIABLE VflD1H RIGHT-OF-WAY) COOKS CHILOREN'S DOCUMENT NUMBER TEXA:> ONC,OLOGY HEALTH CARE SYSTEM 2071-109831 PROPERTIES, LLC. DOCUMENT NUMBER OOCUMENT NUMBER lppy_7��'7�2 2006-712313 Exhibit B to Rayzor Ranch PID 1 Petition - Page 1 1915.010129107.1 Line Table Line gedririg Distqnce Number L1 588'51'08"E 233.78� L'L S87'01'32"E 75.84' L3 588'S1'US"E 135,55' L4 S43'S1'08"E 42.43' LS N85'26't 4"E t 10.55' L6 N46'OS'52"E 42.A3� V S88'S1'OA"E 156.45' L8 582'34'33"E 78.68' L9 588'S1'08"E 248.29' L70 N84'31'22"E 125.28' L11 N89'27'11 "E 26.81' L12 S84' 16't t"E 78.67' L1 3 N89'27'11 "E 290.19' L14 S44'41'S9"E 41.80' L15 N83'45'42"E 110.92' Li 6 N45' 18'01 "E 43.05' L17 N89'27'11"E 217.23' L18 539'46'07"W 25.02' L19 NO6'56'52"W 192.19' L20 S83' 18'21 "W 34S.D9' L21 586'20'41 "W 37.69' L22 539'41'53"W 19.91' L23 Sd6'56'S2"E 2fi.90' L24 S01'04'41 "W 208.63' L25 N88'S5'19"W 3,00' L26 Sh3'5.5'19"E 19.A6' L27 N88'S8'00'W 709,20' L28 N01'p2'00"E 2.45� L29 S14'43'28"E 6.13' L30 530'37'S4"W 42.69' L37 N46'04'12"E 303.95' L32 N60'32'22"E 68.86' L33 S89'04'34"E 295.16' L34 S00'S3'07"W 295.16' L35 N89'04'34"W 295.16' L36 N00'53'07"E 295.16' L37 S00'53'07"W 45.00' L38 N89'04'34"W 58.75' Exhibit B Depiction of the Property Gurve Table Curve Centra) �adius Arc Chord Bearing Number Angle Length qnd Distance C1 1'49'37" 495U.00' 15'7.83' S87'56''l0°E 157.83' C2 1'49'36" 5056.00' 161.07' S87'S6'20"E 161.00' C3 6'1fi'36" 185.00' 20,27' S85'42'S0"E 20.26' C4 6'16'36" ?_15.00' 23.55' S85'42'50"E 23.54' C5 1'10'25" 5050.11' 103.44' S89'24'27"E 103.44' C6 6'16'3R" 185.00' 20.27' S87'24'30"E 20.2&' C7 6'16'38" 275,00' 23,56' S8i24'30"E 23.54� C8 0'56'55" 4961.00' 82.75' N89'55'38"E 82.15' C9 16'58'20" 279.87' 82.90' S37'25'10"W 82.60' C10 56'13'56" 437.01' 428.90' S17'47'22"W q11.89' C71 3'02'20" 7032.50' S4.76� S84'49'31"W 54.76' C12 S'01'33" 693.00' 97.07' S02'56'Ofi"E 96.99' C13 3'15'22'� 532.50' 30.26' S67'48�19"W 30.26� C74 5'40'50" 638.00' 63.25' S72'26'08"W 63.23' Exhibit B to Rayzor Ranch PID 1 Petition - Page 2 1915.010129107.1