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Home My WebLink AboutR2014-012RESOLUTION NO. �� 14-012 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. WHEREAS, Chapter 372 of the Texas Local Government Code, as amended (the "Act") authorizes the City of Denton, Texas (the "C�"), 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 cor..� _ ............. rect 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, May 6, 2014, 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 __��°��m m, 2014. � .�� r � �� ;� � �� a�a � �� ^ , �� w. �,- � � �..._ � _ ___ � � _. � �..�. MARK A. :�3 [!�� C�� E��VGHS, �� ' OR ATTEST: JENNIFER WALTERS, CITY SECRETARY �� „ � APPROVED AS TO FORM: ANITA BURGESS, CITY ATTORNEY �k�� % � � � ��,,. � „ �A.. ., . � .�IT ...._ ��..� �^ �, . �� Exhibit A PETITION REQUESTING THE ESTABLISHMENT OF RAYZOR 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 (callectively, "Owner") af approximately 229.693 contiguous acres located within the carporate limits of the City east af Interstate Highway 35, north af Scripture Street, west af Bannie Brae Street, and south af West University Drive (U.S. Highway 380), which property is described by metes and bounds on Exhibit A attached hereta and depicted an Exhibit B attached hereta (the "Praperty"), acting pursuant to Chapter 372, Texas Lacal Government Cade, as amended (the "Act"}, requesting that the City Council of the City establish the Rayzor Ranch Public Impravement District Na. 1(the "District") ta include the Property. In suppart af this Petition and the creation af the District, Owner presents the follawing: Section 1. General Nature LLof the Proposed Public Improvements. The prapased 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 nat limited to, the fallawing: (a) arterial, collector, and local street improvements including, but nat limited to, grading, drainage channels and structures, starm drains, retention basins, paving, curb, gutter, sidewalks, medians, landscaping, street lights, trafiic signals, sewer lines, utility lines and appurtenances, irrigation lines and facilities, signing and striping, dust control and erosian pratection, any necessary transitions, tapers and temporary improvements to existing roadways and facilities, and other associated impravements; (b) Interstate Highway I-35 frontage roads and associated entry/exit ramp reversal impravements 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 pratection, any necessary transitions, tapers and temparary improvements ta existing roadways and facilities, and other assaciated improvements; (c) sanitary sewer line improvements from the main collector and arterial roadways thraugh the Praperty to serve individual lots and pad sites; (d) water line improvements fram the main collectar and arterial roadways through the Property to serve individual lots and pad sites; and (e) storm water improvements. Secti„on 2e. Estimated Costs of Proposed Public Improvements. The estimated cast of the Autharized Public Improvements is $40,000,000.00 (the "Authorized Improvements Cost"). Page 1 Rayzor Ranch PID 1 Petition - March 20, 2014 I915 0I0\29107.3 Section 3. Boundaries of the Proposed 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 Improvements Cost 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. p pp �_ �� _� �e e District and the City. The Section 5. Pro osed A ortionment of Costs between th„ Authorized Improvements Cost will be apportioned 100%o to the District. No City property will be assessed, and the City will not be obligated to pay any assessments. Section_6. Mana�ement 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. Advisorv 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 I Pelition - March 20, 2014 I 9 ] S.Q! 0\291073 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. RE5PECTFULLY SUBMITTED thisa��day of March, 2014 Allegiance Hillview, L.P., a New York limited partnership By: TH GP LLC, a Delaware limited liability company, d/b/a TH t}�i��,a��.�1' L f.,�" �� .��a� State of Texas, d�.P . its �� 1 � �r��w° � °�.o. ,� . �.��w� ,�.�� B� � ...M Y. � _�.. � w,��, .... � � �. �_ _ I�arr�ee n r� �bor� P�t�th�ri��d �i�� T'itl�m DB Denton II, LLC, a Delaware limited liability company : Name: Title: � Rtaycor IZa'��ch I'IL7 1 Petiti�n - M1rcl� 20, 201A 1915,016t2t? 1073 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�day of March, 2014 Allegiance Hillview, L.P., a New York limited partnership By: TH GP LLC, a Delaware limited liability company, d/b/a TH Denton GP LLC in the State of Texas, its general partner : Name: Title: DB Denton II, LLC, a Delaware limited liability company BY� �� .,�,,,�,9� ��.,,� Name: -/'� i�a►a� � ��'° Title: _ � ��.........__.. Page 3 T2ay�ar Ranch F'I[� I I�etition - IvlarcYi 20, 2014 1915.010�29107.3 Exhibit A Le�al Description of the Property METES AND BOUNDS DESCRIPTION BEING a 231.693 acre tract of land sltuated In the B.B.B. & C. R.R. Survey, Abstract Number 192, Denton County, Texas, In the Clty of Denton. Being a portion of the tract of land described as Tract One In the deed to Allegfance Hillview, L.P. recorded in Document Number 2006-41743, Deed Records of Denton County, Texas and all of Lot 3, Pearcy/Christon Addition No. 1, an addition to the City of Denton, according to the plat recorded In Cabinet B, Page 34, Plat Records of Denton County, Texas, also being all of the tract of land described in the deed to DB Denton II, LLC recorded In Document Number 2010-74478, Deed 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, sald 231.693 acre tract of land being more particularly described as follaws: BEGINNING at the point of Intersectlon of the easterly rlght—of—way line of Interstate Highway 35 (a varlable width rlght—of—way) with the southerly rlght—of—way Ilne of Universfty Avenue (a variable wldth right—of—way) as descrlbed In the Instrument recorded In Document Number 2010-69548, Deed Records of Denton County, Texas; THENCE wlth the southerly right—of—way line of Unlversity Avenue the following: South 88' 51� OB" East a distance of 233.78 feet to the polnt of curvatu�e of a curve to the rlght having a radius of 4,950.00 feet; Southeasterly along said curve through a central angle of 01' 49' 37" an arc distance of 157.83 feet with a chord bearing of South 87° 56' 20" East and a chord distance of 157.83 feet to the point of tangency of sald 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 with a chord bearing of South 87° 56' 20" East and a chord distance of 161.00 feet to the point of tangency of said curve; South 88° 51' 08" East a dlstance of 135.55 feet to a polnt for corner; South 43° 51' 08" East a dlstance of 42.43 feet to a point for corner; North 85° 26' 14" East a distance of 110.55 feet to a polnt for corner; North 46' 08' 52" East a dlstance of 42.43 feet to a pofnt for corner; South 88° 51' 08" East a distance of 156.45 feet to the point of curvature of a curve to the right having a radlus of 185.00 feet; Southeasterly along sald curve through a central angle of 06' 16' 36" an arc dlstance of 20.27 feet wlth a chord bearing of South 85° 42� 50" East and a chord distance of 20.26 feet to the point of tangency of sQid curve; South 82° 34' 33" East a dlstance of 78.68 feet to the polnt of curvature of a curve to the left having a radlus of 215.00 feet; Contlnued next page... Exhibit A to Rayzor Ranch PID 1 Petition - Page 1 6�:[X�it�]� � Exhibit A Le�al Description of the Property Continued ... Southeasterly along said curve through a central angle of 06' 16' 36" an arc distance of 23.55 feet with a chord bearing of South 85' 42' S0" East and a chord dlstance of 23.54 feet to the point of tangency of said curve; South 88° 51' OS" East a distance of 248.29 feet to the beginning of a non—tangent curve to the left, the radius polnt of said curve being sltuated North 01° 10' 45" East a distance of 5,050.11 feet from safd polnt; Southeasterly along said curve through a central angle of 01' 10' 25" an arc distance of 103.44 feet with a chord bearing of South 89' 24' 27" East and a chord distance of 103.44 feet to the end of said curve; North 84' 31' 22" East a distpnce of 125.28 feet to a point for corner; North 89° 27� 11" East a distance of 26.81 feet to the polnt of curvature of a curve to the rlght having a radius of 185.00 feet; Southeasterly along sald curve through a central angle of 06° 16' 38" an arc dlstance of 20.27 feet with a chord bearing of South 87° 24� 30" East and a chord dlstance of 20.26 feet to the polnt of tangency of sQid curve; South 84' 16' 11" East a distance of 78.67 feet to the polnt of curvature of a curve to the left having a radius of 215,00 feet; Southeasterly along sald curve through a central angle of 06' 16' 38" an arc distance of 23.56 feet with a chord bearing of South 87' 24' 30" East and a chord distance of 23,54 feet to the point of tangency of said curve; North 89' 27' 11" East a d(stance of 290.19 feet to a po(nt for corner; South 44° 41' S9" East a distance of 41.80 feet to a point for corner; North 83° 45' 42" East a distance of 110.92 feet to a point for corner; North 45' 18' 01" East a dlstance of 43.05 feet to a polnt for corner; North 89° 27' 11" East a distance of 217.23 feet to the polnt of curvature of a curve to the �ight having a radius of 4,961.00 feet; Northeasterly along said curve through a central angle of 00' 56' 55" an arc dlstance of 82.15 feet with a chord beoring of North 89' S5' 38" East and n chord dlstance of 82.15 feet to a point in the westerly Ilne of Lot 2 of said Pearcy/Chrlston Addition No. 1; THENCE departing the southerly right—of—way line of Unlversity Drive with the westerly line of said Lot 2, Pearcy/Chrlston Addltlon No. 1 South 01° 08' 26" West Q distance of 593.84 feet to the southwesterly corner of said Lot 2, Pearcy/Chrlston Additfon No. 1; Continued next page... Exhibit A to Rayzor Ranch PID 1 Petition - Page 2 SHEET 2 OF 8 Exhibit A Legal Descri�tion of the Property Continued... THENCE departing the westerly Ifne of sQid Lot 2, Pearcy/Christon Addltfon No. 1 with the southerly line of said Lot 2, Pearcy/Christon Addition No. 1 South 89' 04' 34" East a distance of 691.50 feet to a pofnt in the westerly right—of—way Ifne of Bonnle Brae Street (a varlable wldth right—of—way) as described In the Instrument recorded in Document Number 2008-96935, Deed Records of Denton County, Texas; THENCE with the westerly rlght—of—way Ilne of Bonnle Brae Street the following: South 00° 53� 07" West a distance of 481.67 feet to a 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 distance of 821.01 feet to a point in the easterly extension of the northerly line of the tract of land described in Exhlbit X of the instrument recorded in Document Number 2008-80692, Deed Records of Denton County, Texas; 7HENCE departing the westerly right—of—way Ifne of Bonnle Brae Street with the easte�ly extenslon of and the northerly Iine of the tract of land descrlbed In sald Exhiblt X North 89' 11' 09" West a dlstance of 297.98 feet to the northwesterly comer of the tract of land described in said Exhibit X; THENCE departing the northerly line of the tract of land described in said Exhibit X wlth the westerly line of the tract of land described In said Exhiblt X South 00' 48' 51" West a dlstance of 482.75 feet to the southwesterly corner of the tract of land described in said Exhibit X; THENCE departing the westerly line of the tract of land described In said Exhibit X with the easterly extenslon of and the southerly line of the tract of land descrlbed in sald Exhibit X South 89° 11' 09" East a distance of 263.85 feet to a polnt In the westerly right—of—way line of Bonnle Brae Street in a non—tangent curve to the right having a radius of 279.67 feet; THENCE wlth the westerly right—of—way Ilne of Bonnie Brae Street the following: 5outhwesterly along said curve through a central angle of 16° 58' 20" an arc distance of 82.90 feet with a chord bearing of South 37° 25' 10" West and a chord distance of 82.60 feet to the point of reverse curvature of a curve to the left having a radius of 437.01 feet; Southwesterly along said curve through a centrpl 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—of—way line of Scripture Street (a varfable width right—of—way); 'fHENCE departing the westerly right—of—way line of Bonnle Brae Street with the northerly right—of—wQy line of Scripture St�eet North 88° 58' 00" West a distance of 373.11 feet to the southeasterly corner of the tract of land described ln the deed to Cook Children's Health Care System recorded In Document Number 2008-116772, Deed Records of Denton County, Tex4s also being Lot 2, Block 3, Rayzor Ranch South Conveyance, according to the Conveya�ce Plat recorded In Cabinet Y Page 690, Plat Records of Denton County, Texas; Continued next page... Exhibit A to Rayzor Ranch PID 1 Petition - Page 3 SHEET 3 OF 8 , , 4 Exhibit A Le�al Description of the Property_ Continued,.. THENCE departing the northerly right—of—way line of Scripture Street with the easterly lines of sald Cook Chfldren's Health Care System tract the following: North 01° 04' 41" East a distance of 469.52 feet to a pofnt for corner; North 88° 57' 19" West a distance of 270.25 feet to a point for corner; North 01° 02' 41" East a distance of 266.87 feet to a point for corner; North 06° 56' 52" West a distance of 192.19 feet to the most northerly northeast corner of said Cook Children's Health Care System tract; THENCE departing the easterly lines of said Cook Children's Health Care System tract wlth the northerly lines of sald Cook Chlldren's Health Care System tract the following: South 83° 18' 21" West a dlstance of 349.09 feet to the polnt of curvature of a curve to the rlght having a radlus of 1,032.50 feet; Southwesterly along sald curve through a central angle of 03° 02' 20" an arc dlstance of 54.76 feet wlth a chord bearing of South 84° 49' 31" West and a chord distance of 54.76 feet to the polnt of tangency of said curve; South 86° 20' 41" West q distance of 37.69 feet to the most northerly northwest corner of sald Cook Chlldren's Health Care System tract: THENCE departing the northerly line of said Cook Chlldren's Heolth Care System tract with the westerly lines of sald Cook Chlldren's Health Care System tract the following: South 39' 41' S3" West a distance of 19.91 feet to a point for corner; South 06° 56' 52" East a distance of 26.90 feet to a point of curvature of a curve to the rlght having a radius of 693.00 feet; Southeasterly along sald curve through a central angle of 08° 01' 33" an arc distance of 97.07 feet wlth a chord bearing of South 02° 56' 06" East and a chord distance of 96.99 feet to the polnt of tangency of said curve; South 01° 04' 41" West a dlstance of 208.63 feet to a polnt for corner; North 88' 55' 19" West a distance of 3.00 feet to a point for corner; South 01 ° 04' 41 " West a distance of 509.21 feet to a point for corner; South 43° 55' 19" East a distance of 19.86 feet to a polnt in the northerly rlght—of—way Ilne of Scripture Street; Continued next page..� Exhibit A to Rayzor Ranch PID 1 Petition - Page 4 SHEET 4 OF 8 �7�3 Exhibit A Le�al Description of the Property Continued... THENCE departing the westerly lines of said Cook Children's Health Care System tract with the northerly right—of—way Iine of Scrlpture Street North 88° 58' 00" West a distance of 109.20 feet to the southeasterly corner of the tract of land described In the deed to Texas Oncology Properties, LLC recorded in Document Number 2006-142313, Deed Records of Denton County, Texas; THENCE departing the northerly right—of—way line of Scripture Street with the easterly line of said Texos Oncology Properties, LLC tract North 01° 02' 00" East a distance of 500.06 feet to the northeasterly corner of said Texas Oncology Properties, LLC tract; THENCE departing the easterly Ilne of sald Texas Oncology Propertles, LLC tract wlth the no�therly Ilne of sald Texas Oncology Propertles, LLC tract and the northerly line of Lot 1, Block 1, Rehab Hospital, an additlon to the Clty of Denton according to the plat recorded In Cabinet X, Page 929, Plat Records of Denton County, Texas North 88° 58' 00" West a dlstance of 761.56 feet to a pofnt in the easterly line of the tract of land described in the deed to 3100 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 sald Lot 1, Block 1, Rehab Hospital with the easterly Ilne of said 3100 I-35 N, LLC tract North 01' 02� 00" East a distance of 2.45 feet to a point In a non—tangent curve to the right having a rpdius of 532.50 feet for the northeasterly corner of said 3100 I-35 N, LLC tract; THENCE with the northerly lines of sald 3100 I-35 N, LLC tract the following: Southwesterly 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" Eqst a distance of 6.13 feet to a point in a non—tangent curve to the right having a radius of 638.00 feet; Southwesterly along sald curve through a central angle of 05' 40' 50" an arc distance of 63.25 feet wlth a chord bedring of South 72` 26' 08" West and a chord dlstance of 63.23 feet to the point of tangency of sald curve; South 75° 16' 32" West a distance of 369.19 feet to a point for corner; South 30° 37' 54" West a distance of 42.69 feet to a point in the easterly right—of—wQy line of Interstate Highwqy 35 for the northwesterly corner of safd 3100 I-35 N, LLC tract; THENCE departing the northerly Ilnes of safd 3100 I-35 N, LLC tract wlth the easterly right—of—way Ifne of Interstate Hlghway 35 the following: North 16° 24� 00" West a distance of 3190.03 feet to a point for corner; North 14' 50' 06" East a distance of 171.01 feet to a polnt for corner; North 46' 04' 12" East a distance of 303.95 feet to a point for corner; North 60' 32' 22" East a distance of 68.86 feet to the POINT OF BEGINNING; Continued next page... Exhibit A to Rayzor Ranch PID 1 Petition - Page 5 SHEET 5 OF 8 � Exhibit A Legal Description of the Propertv Continued,.. CONTAINING a computed gross prea of 231,693 acres (10,092,547 square feet) of land. SAVE AND EXCEPT the following 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 Denton. Being qll of the tract of land described in the deed to the City of Denton recorded in Document Number 2010-32727, Deed Records of Denton County, Texas, said 2,000 acre tract of land being more particularly described as follows: COMMENCING at the northwesterly corner of right—of—way for Bonnie Brpe Street as described in the instrument recorded in Document Number 2008-96935, Deed Records of Denton County, Tex4s; THENCE with the westerly right—of—way line of Bonnie Brae Street South 00° 53' 07" West a distance of 45.00 feet to p point for corner; THENCE departing the westerly right—of—way Ilne of Bonnle Brae Street North 89° 04' 34" West a distance of 58.75 feet to the POINT OF BEGINNING; THENCE South 00° 53' 07" West a distance of 295.16 feet to a point for comer; THENCE North 89° 04' 34" West a distance of 295.16 feet to a point for corner; THENCE North 00° 53' 07" East a distance of 295,16 feet to a point for corner; THENCE South 89' 04� 34" East a distance of 295,16 feet to the POINT OF BEGINNING; CONTAINING a computed area of 2.000 peres (87,119 squQre feet) of land. LEAVING a net computed area of 229.693 acres (10,005,428 square feet) of (and. Exhibit A to Rayzor Ranch PID 1 Petition - Page 6 . � Exhibit B Depiction of the Property WEST UNIVERSITY DRIVE/U.S. 380 (VARIABLE WIDTH RIGHT—OF—WAY) DOCUMENT NUMBER 2010-69548 �p Ctl �„�., �� y„� �.��L7.C3 �.� L9 ��.. LVCY��G7.. L13 1,�5 L17 �;�� .�"" �"" ;�,."�.,_ I�R� R� t.�t 4rd p.�4 �"-tl�16 l POINT OF BEGINNING b =� OVERALL � � � �� V71.01' � � � W� �� u � � � � �� ,�'r �� DB DEM1fTON II, LLC. DOCUMENT NUMBER 2010-74478 LOT 9, BLOCK 5 RAYZOR RANCH SOUTH C6NVEYANCE DOCUMENT NUMBER 2b1D-119 � � I� � � ,� 589'04 LOT 3 p�r PFARCY/CHRISTON AD6fIlON N0. 9 CABINET B, PAGE 34 SAVE AND EXCEP'f TRACT 2.000 ACRES (87,999 SOUARE FEET) LOT 1, BLOCK 2 RAYZOR RANCH SOUTH CONVEYANCE PL4T CABINET Y, SUDE 470 CfTY 6F DENTON DOCUMENT NUMBER 2010-32727 �� ? U V Z �� O� �� 4� � � ..._ o � � � �� t�i _ �"�7�w v' � ,.... � W � W � I � �� » �/y �m� ..m.m_.......w��... ,C� � i M � GROSS AC� � "" w � z � �—.,.mm� � RES 231.693 (10,092,547 SQUARE FEET) � � � � SAVE AND EXCEPT ACRES 2.000 (87,119 SOUARE FEET) � m�� g � W � NET ACRES 229.693 (10,005,428 SQUARE FEEf) Z�° � Z � BLOCK 1 kY(h�l#�NT x o y �'.;�'0 V',�4Yti,kl�A�P�q' NPUM1fi�'�� NB9'11'09"W m •..• CONVEYANCE PLAT 200B—B0692 ti�" ftAYZOR RANCH SOl1TH �' "� �' � 4 �� " CABINEf Y, SL1DE 470 r,�;;� r�� ; �, �t?`-�" � �n'� � � , �E3 `J` 'c�i u� Q . tl.29 .�p, N88'Se'00'W L�5 P ��"57"1�"!Hr bi �1A°� . � Z ' ' � " �� DENTON MED, LP � w LOT 2, BLOCK 3 '��.. SB9'11"pi�"'�,„ 's� '"��'�� DOCUMENT ;�; � �YZOR RANCH ;w ,�g� $�" ° S � '� SOUTH �� I 2007—M10B635 I p� S? � CONVEYANCE Y�� . Ca � SU INEf Y, P "�„a' � � i � ... DE 690 i �. I....... _...... � . .. M L�Fi � ... �7 �,�....�..,�..�. � ..,� � .. N6�'�� 0.�f�"W LOT t, p;��h A 373.1�' �`'�co�,�'o�NCE"�'��'�� SCRIPTURE STREET �� 3100 I-35N, LLC. (VARIABLE N7DTH RIGHT—OF—WAY) COOKS CHILAREN'S DOCUMENT NUMBER 7EXA5 ONCOLOGY HfALTH CARE SYSTEM 2011—f09839 PROPERTIES, LLC. DOCUMENP NUMBER DOCUMENT NUMBER 2008-996772 2008-142313 Exhibit B to Rayzor Ranch PID 1 Petition - Page 1 1915 A 10�29107.3 _...___ Line Table Llne gearing Distance Number U 38B'51'OB"E ' 233.78' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . � L2 S87'01'32"E ' 75.84' �,w,,,,.�...�.... � S88'S1'08"E 135.55` ' L4 543'51'08"E � 42.43' ' __ L5 NB5'26'14"E ___ .. _, 1 10.55� L6 N46'OB'52"E 42.43' L7 5.... .....�.._ .�.... 88'51'08"E 156.45' �LB � S82'34'33"E 78.68' _ -._ . ...... ......... L9 S88 51 OB"E 248.29' L10 N84'31'22"E ��125.28' ..................� L11 N89'27�11"E 26.81" _�� .......................... Lt 2 S84' 16' 11 "E 7B.67' L13 N89'2711"E 290.19'm L14 S44'41'59"E 41.80' _ - ---- L15 NB3'45'42"E 110.92' L16 -.....N45'.�,�..�.�..,.�w.�.....,......4..�.........._.. . . . . . . . . . . . . . . . . . . . . . . � � 3.05' L17 NB9'27'11"E 217.23" . L1.8........ S39'46'07"W '' 25.02' L79 N06'S6'S2"W '! �192.19' L20 w,wSB3'.�_�,��.w�..........� ..........._.�........, m m. 349.09' L21 SB6'20'41 "W ' 37.69' L22 S39'41'53"W W��mmm�� 19.91' L23 S06'S6'52"EA 26.90' _,,,,�� L24 S01'04'41 "W 20B.63' ......_.�. L25 N88'S5'19'YV 3.00' L26 . S43•. �m.�� 55'19"E 19.86" mmmmmmml27 � N86'58'00"W 109.20' L28 --- N01'02'00"E� .....................2..45�... w--.L29....... ....�........A...�„ .�_ 14'43'28"E 6.13" _ _�w.,.,� w. L30 S30'37'54"W 42.69' L31 N46'04'12"E J 303.95' L32 N60'32'22"E......_m.,.,..,..m._.____._ 68.86' L33 ............ ..... S$9'04'34"E 295.16' L34 5005307"W � 295,16''�� ............................... �,_, � L35 N89'04'34"W 295.16' L36 N00'S3'07"E�� 295�� .16' L37 S00'53'07"yy _ .. .45.00'. _...........L38.m.........N ............._m � 89'04'34"W 58.75' Exhibit B 1��i��r� ofthe ['�.cro�,��rt': Curve Table Curve Central Radius Arc Chord Bearing Number Angle Length and Distance �_. . .... Ci 1'49'37" 4950.00' 157.83' S87'56'20"E 157.83' C2.,, � ��,49.�. ..�.� .�._._ _._...� ... �..m.. 36" 5050 00 161 01' SB7'56'20"E 161 00' C3 � ...6'16'36" 185.00'��.��20.27' SBS'42'S0"E�� 20.�� .26' .. „�.�, �......... C4 6'16'36" 215.00' 23.55' SB5'42'S0"E 23.54' CS 1'10'25" 5050.11" il103.44'mm S89'24'27"E 103.44' ry C6 �� 6'16'38" 185.00' 20 � �� .27" ' S87 24 30"E 20.26' �,,w....... �......�. „�.....�� _� C7 6'16�38" 215.00� ' 23.56' S87'24'30"E 23.54� � C8 0'S6'S5" 4961.00' ' 62.15' N89'55'38 m�mmmmmmmm � W W m "E 82.15' C9 16'58'20'��..� � ..._......... . ..._._. 279.87' 8290 S37'25'10"W 82.60' � C10 �� 56'13'S6" 437.01 ''��428.90' S17'47'22"W 411.8�� 9' ..................... .............��.50' � 54J6' S84'49.�.3.�.��.......��.,._- C11 3'02'20" 1032 54.76' C12 8'01'33" 693.00' 97.07' 50�� 2'56'06"E 96.99' �C13 3'15'22" 532.50 � 30.26' S6T48'19"W 30.26' 6�.6...... ..�� ..� ...�..,, C14 5'40'50" 638.00' 63.25' S72'26'OB"W 63.23' Exhibit B to Rayzor Ranch PID 1 Petition - Page 2