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Item 4HCITY OF SOUTHLAKE MEMORANDUM April 26, 2016 To: Shana Yelverton, City Manager From: Alison Ortowski, Assistant City Manager Subject: Item 4H: Approve Ordinance No. 1151, 1st Reading, establishing a Tax Abatement Reinvestment Zone in the City of Southlake, Texas as authorized by the Property Redevelopment and Tax Abatement Act, Chapter 312 of the Texas Tax Code. Action Requested: Approval of Ordinance No. 1151 as presented. Background Information: On September 1, 2015, the City Council directed City Manager Shana Yelverton to enter into a Memorandum of Understanding (MOU) with TD Ameritrade whose purpose was to establish the mutually -agreed upon terms of a future incentive agreement between the two entities. In addition to establishing infrastructure cost participation on roadway, water and sewer line construction, the terms of that MOU also included the following: "The parties desire to enter into an ad valorem tax abatement agreement pursuant to Chapter 312 of the Texas Tax Code to exempt from taxation: (i) up to 90% of the increase in the value of the Property for a period not to exceed 10 years; and (ii) up to 90% of the value of tangible personal property that is brought onto the Property after the execution of the tax abatement agreement, for a period not to exceed 10 years." In order to grant TD Ameritrade this tax abatement, the City must adopt an ordinance designating a reinvestment zone that meets the criteria for the creation of a tax abatement reinvestment zone as set forth in Section 312.202(a) of the Texas Tax Code, as amended, and in particular Section 312.202(a)(6) of the Texas Tax Code, in that it is "reasonably likely as a result of the designation to contribute to the City of Southlake Values: Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Item 4H: Ordinance No. 1151; City Council Meeting Date — May 3, 2016 Page 2of8 retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the City." The TD Ameritrade project meets this requirement with its projected development investment and job creation numbers. Ordinance No. 1151 includes as Exhibit A the plat and legal description for the TD Ameritrade site which will serve as the boundaries for the zone. Strategic Link: C4 Attract & keep top -tier businesses to drive a dynamic & sustainable economic environment Citizen Input/ Board Review: N/A Financial Considerations: The creation of this reinvestment zone does not financially obligate the City. However, it does enable the City to enter into a tax abatement agreement with TD Ameritrade as agreed upon in the MOU. The agreement will be structured to provide TD Ameritrade with a ten-year, 90% tax abatement for ad valorem and business personal property taxes. It is estimated that the value of this abatement is approximately $7.8 million. The current annual benefit the City receives from the vacant land is approximately $20,000. The annual benefit to the City during the abatement period is estimated to be $298,263, which means that the annual revenue to the City will increase an estimated $278,263 during ten year abatement period. Following termination of the abatement, the annual benefit to the City is estimated to increase, on average, to $1,242,029. Legal Review: The proposed ordinance was reviewed and approved by the City Attorney. Alternatives: As the form and content of the designation of a reinvestment zone is prescribed by Chapter 312 of the Texas Tax Code, there is very little alternative to approving the ordinance as proposed. Council can choose to not approve the designation; however, without the designation, the City cannot meet the terms of the MOU. Supporting City of Southlake Values: Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Item 41-1: Ordinance No. 1151; City Council Meeting Date — May 3, 2016 Page 3 of 8 Documents: Ordinance No. 1151 City of Southlake Values: Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork ORDINANCE NO. 1151 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, DESIGNATING A CERTAIN AREA AS A TAX ABATEMENT REINVESTMENT ZONE FOR COMMERCIAL -INDUSTRIAL TAX ABATEMENT, TO BE KNOWN AS REINVESTMENT ZONE NO. 1; ESTABLISHING THE BOUNDARIES THEREOF AND OTHER MATTERS RELATED THERETO; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A CUMULATIVE CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Southlake, Texas (hereinafter referred to as the "City") desires to promote the development or redevelopment of a certain contiguous geographic area within the City of Southlake, Texas, by the creation of a reinvestment zone for commercial -industrial tax abatement, as authorized by Chapter 312 of the Texas Tax Code, as amended; and WHEREAS, a public hearing before the City Council of the City of Southlake, Texas, was scheduled and held at p.m. on May 17, 2016, such date being at least seven (7) days after the date of publication of the notice of such public hearing, pursuant to Section 312.201(d) of the Texas Tax Code, as amended; and WHEREAS, the City Council of the City of Southlake, Texas, held such public hearing after publishing notice of such public hearing, and giving written notice to all taxing units overlapping the territory inside the proposed Reinvestment Zone No. 1; and WHEREAS, the City at such public hearing invited any interested person to appear and speak for or against the creation of Reinvestment Zone No. 1, the boundaries of the zone, whether all or part of the territory should be included in such proposed zone, and the concept of tax abatement. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, THAT: RFCTION 1 The findings set forth above are incorporated into the body of this ordinance as if fully set forth herein. SECTION 2 The City, after conducting such public hearing and having heard such evidence and testimony has made the following findings and determinations based upon the testimony presented: City of Southlake Values: Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork (a) That a public hearing on the adoption of Reinvestment Zone No. 1 has been properly called, held and conducted, and that notice of such hearing has been published as required by law and mailed to all property taxing units overlapping the territory inside the proposed Reinvestment Zone No. 1; and (b) That the boundaries of Reinvestment Zone No. 1 should be the area as described and/or depicted in Exhibit A, which is attached hereto and incorporated herein for all purposes; and (c) That creation of Reinvestment Zone No. 1 will result in benefits to the City and to the land included within the zone, and the improvements sought are feasible and practical; and (d) That Reinvestment Zone No. 1 meets the criteria for the creation of a tax abatement reinvestment zone as set forth in Section 312.202(a) of the Texas Tax Code, as amended, and in particular Section 312.202(a)(6) of the Texas Tax Code, in that it is "reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the City"; and (e) That Reinvestment Zone No. 1 as described an/or depicted in Exhibit A meets the criteria for the creation of a reinvestment zone as set forth in the City of Southlake, Texas, Tax Abatement Guidelines and Criteria; and (f) That the improvements proposed for the Reinvestment Zone are feasible and practiced and would be a benefit to the land to be included in the zone and to the City after the expiration of any tax abatement agreement. SECTION 3 Pursuant to Section 312.201 of the Texas Tax Code, as amended, the City hereby creates a tax abatement reinvestment zone for commercial -industrial tax abatement encompassing only the area described and/or depicted in Exhibit A, and such zone is hereby designated, and for identification shall be known as "Reinvestment Zone No. 1 ". Rl=rTIMI d Reinvestment Zone No. 1 shall take effect immediately upon passage of this ordinance. Reinvestment Zone No. 1 is effective for five (5) years and may be renewed for periods not to exceed five (5) years. SECTION 5 This ordinance shall be cumulative of all provisions of ordinances and of the Code of Ordinances of the City of Southlake, Texas, as amended, except where the provisions of this ordinance are in direct conflict with the provisions of such ordinances and such Code, in which event the conflicting provisions of such ordinances and such Code are hereby repealed. C1=rTI(1AI R Should any sentence, paragraph, subdivision, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect/ the validity of this ordinance as a whole, or any part or provision thereof other than the part so decided to be invalid, illegal or unconstitutional, and shall not affect the validity of the Code of Ordinances as a whole. SECTION 7 The City Secretary of the City of Southlake is hereby directed to publish this ordinance to the extent required by law. SECTION 8 This ordinance shall take effect immediately from and after its passage and approval, and it is so ordained. PASSED AND APPROVED ON FIRST READING this 3rd day of May, 2016. Laura Hill Mayor ATTEST: Lori Payne, TRMC City Secretary PASSED AND APPROVED ON SECOND READING this 17th day of May, 2016. Laura Hill Mayor ATTEST: Lori Payne, TRMC City Secretary EFFECTIVE: APPROVED AS TO FORM AND LEGALITY: City Attorney Exhibit A Legal Description Reinvestment Zone No. 1 City of Southlake, Texas .�_ Q ` ` ► I i IQ Go S9' 33' 32"W Ov ''�1. p' n ` �: 129.53 ► S83 55 55 E ' - ► ,,,� 57.08� . s '�s � - - � ► �� /A S23' 24' 27"Es o --S2' 413' 3 7.15 it • N�' �,� �+ �``-- -- -- -- __ -- � i ; �E/�" I.R.F. I.R.F. 11, `p 5�� ItLO S59 33 55 E r-`- _ _ POINT OF I �� ► a r �'� S 31.03' -. r� S35' 38' 33"E � BEGINNING �•�SSI 21 25"IN . • p 2Q�s .+1 �, � r, �-_ �/ n � ' 1/2" 70.75 � `." �� N8 I 14 34 E r1_,. 1 /2 I.R.S. 268.47 - _ - - - - f _ + n •` � � . !� s. --_ `��� 190.18' �. `} i , ~�+r�wrwr_r "w_�_rl�_rr� 11/2 ``"��` � � � ,r � � +� r A-40� 55' f f �n I� \ I.R.S. 56 APE `2 R-1053.50 1 � L 350.46 "`~`- S L=752.42' \ ' 'N ""' -_k- 1/2" I.R.S.1/z" S 15' 14'55"E 1I \ !1 ■ 1 �� I, R. S. S23 02 43 E Lc=736.53' L-• 9.26 , A=9. 11' 40" � cs ��► R-401.50 I/ _j h� L=-64.43' ti • - ry p I��' r �� � o ,� N82 2fi 28 E II L8 0 ��' - r9S rd• Lc= -64.36' 70 (rr f Q� LCT 1 R 1 R 1 BLOCK 1 N0' 41 44 UtiIT�� �o .� 31424,543 SCS. FT. 14.02 1 4 78.517 ACRES _ NSI 02 1 8"E � �� _ r � J 6-%1 137.89 _ L24 L16 l 00 _ - L26 I.R.S. �� J I ' ` 1 /2"_ - APPROXIMATE CENTERLINE OFCPI QJ ��1.R.5. ``�', r _ _ _ - - -- - ^ ?iI SOUTH FORK KIRKWOOD BRANCH a� 1 65 LDN AI�pORT C� AP � -' page •� i r �abiclet N, T. jI L31 C 1/2. I.R.s. I r APPROXIMATE LOCATION - - -%-�X 112 11 I� 100 YR. FLOOD LIMITS LCT 1 R 1 R2 BLOCK 1 I.R.S.� 11 FIRM No. 4-8439CO085K _ / SEPTEMBER 25, 2009 r ' 261 ,537 SO. FT. ' r,APPROXIMATE � II (ZONE AE) ,� ,L,�OCATION � / 8.004 ACRES i , 1 DO YR. FLO LIMITS ' FIRM No, 484 C0085K / I A= 24' 19' 15" SEPTEMBER 2009 R=1419.54 ' 8 1/20 (ZONE L=602,55 I.R,S. J N7452'411 1 coJ Lc -598.04 A=6@ '2s' 2a" I , R=1452.40 1 /2 1.R.S.� r . 1► L=153.28 112 N62* 43 03 E " ' FND. I.R,S. , / TxDOT N33'22'03"W II FND. TxDOT (broken)- X41 ----- 32.25 f - Lc =153.19 FND. TxDOT_ _- - KE 112" I.R. Fnd.-J � ` II - UT�� � (Huitt Zollars} a �J►► I FND. TxDOT FND. TxDOT CITY GE S�__-o----'"� N30 08 49 W / FND. TxDOT __„r__�� TE-_ A=99' 18' 23" , 1 �; _,-� -_r_� TCWN OF go "MM0,000 ■ 1 ! 1. ........ , 1 rt R -90.D0' 232.3 ' " FND. TxDOT (broken) Ofn 7N 27 47 05 ►� -_ .._----- 1/2 _�_.___._. �- N3 7 04 27 W r t, N48' 23' o4"W l N3 7 D4 37 SII L= 155-99'..�_......._,__ r e , r I.R.S. _-�-_- 200.55 -. I 1/2" I.R. Fnd. 1/2" I.R. Fnd. I �� r_w��r_ rwrwiw__�wM W_ 1}�r��rr rr�rr N T 199.81 101.98' 147.33 1 � L=129.99 �- __--_----r�_- r_ -_` N42' 45' 45"W , 500.00 N 13 03 55"E (Huitt Zollurs) (Huitt Zoilars} 1.R. Fnd. 112" I.R.S. `-+_ - •201.18'/ • Lc=137.19 --+ / N3 7 04 27 W • r FND. TxDOT , N32' 38' S1 "W 70 CITY LIMIT 4 II~JE ; ; LN 19 32 2.91' 4 430.511I , 00 W / STATE HIGHWAY NO. 11 'I ' UTILITY � � 112.97' (A VARIABLE WIDTH RIGHT -OF-WAY} / EI��tNA '� 1 �' P PLAT R 'VISION ge 7212, I II E. �RTCT - SABRE npnHPrAWPHIQ� Annffinm NOT 1. BEARINGS ARE BASE UPON THE PLAT OF LOT I R 1, 1R2, 2R, 4R2,1 4R3, BLOCK 1, LEGEND / SABRE GROUP CAMPUS, AS RECORDED IN INSTRUMENT NUMBER D201 47944 COUNTY CLERK, " 1 /2 I.R.S. n >. = 1 /2 INCH IRON ROD SET WITH CAI CAP II -� R ECO RDS 'ARRANT COUNTY TEXAS. 1.R.F. = IRON ROD FOUND WITH "HEWITT ZOLLARD" CAP T WITHIN THIS ADDITION BY METES' AND BOUNDS IS A VIOLATION 2. SELLING A PORTION OF ANY LO , a FND. TxDOT = FOUND TEXAS DEPARTMENT OF TRANSPORTATION MONUMENT 'ARRANT COUNTY, TEXAS Gj ►� OF STATE LAV AND CITY ORDINANCE AND IS SUBJECT TO FINES AND WITHHOLDINGS OF UTILITY AND C.C.R.T,C.T, =COUNTY CLERK, RECORDS, BUILDING PERMITS. P.R.T.C.T. = PLAT RECORDS, TARRANT COUNTY, TEXAS 3. THE CITY OF SOUTHLAKE RESERVES THE RIGHT TO REQUIRE MINI FINISH FLOOR ELEVATIONS '< ON ANY LOT CONTAINED WITHIN THIS ADDITION, THIS MINIMUM ELEVAT NS SHOWN ARE BASED ON THE I Q - MOST CURRENT INFORMATION AVAILABLE AT THE TIME THE PIAT IS F! D AND MAY BE SUBJECT TO CHANCE. ADDITIONAL LOTS, OTHER THAN THOSE SHOWN, MAY ALSO SUBJECT TO MINIMUM FINISH 1I , R -DOR CRITERIA. 4. THE OWNERS OF ALL CORNER LOTS SHALL MAINTAIN SIGHT TRIAN614,ES iN ACCORDANCE WITH THE / / CITY SUBDIVISION ORDINANCE, 5 COMPSS iANCF 'WITH THE PROVISIONS OF THE CITY'S STORM DRAiNA' POLICY DOES RELIE=VE A PERSON GRAPHIC SCALE 1 "=100' 1I LOT lRlRl & LOT lRlR2, B 1 BEING A REPlAT OF ALL OF LOT IRI, BLOCK 1, SABRE GROUP CAMPUS ADDITION, AN ADDITION TO THE CITY OF SOUT 4 AKE, TARRANT COUNTY, TEXAS, ACCORDING TO THE PLAT FILED FOR RECORD IN COUNTY CLERK'S INSTRUMENT NUMBER D207347944, COUNTY CLERK RECORDS, TARRANT COUNTY, TEXAS, 2 LOTS - 84.620 ACRES U. P. MARTIN SURVEY, ABSTRACT NO. 1015 & J. B. MARTIN SURVEY, ABSTRACT 1134, CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS. OWNER: WIL.KS SOUTH LAKE DEVELOPMENT, LLC SEPTEMBER 2015 CITY CASE NUMBER ZA15- 085 10235 1-20 WEST Graham Associates Inc. EASTLAND, TEXAS 76448 MR. KYLE WILKS CONSULTING ENGINEERS & PLANNERS ($17) 850-3500 ARLINGDRIVE,SIX FLAGS TON TEXAS760I111 A1 ] 54TE 0- 535 TBPE FIRM. F-1191FTBPLS FSRk 101538-00 VICINITY MAP OF THE RESPONSIBILITY OF COMPLYING WITH ALL OTHER APPLICABLE WS, iNCLUDING, BUT NOT LIMITED 1I U (NOT TO SCALL) TO, SECTION 11.086, TEXAS WATER CODE. 100 0 100 200 I "+ PLAT FILED FOR RECORD IN INSTRUMENT NO. j5 ;'L a l Sd )L DATE: 7/3 o r -T SHEET I OF 2 ' a 1111111►1►r PROPERTY DESCRIPTION 84.261 ACRE TRACT STATE OF TEAS COUNTY OF TARRANT WHEREAS, WILKS SOUTH LAKE DEVELOPMENT, LLC, octing by and through the undersigned, its duly authorized agent, is the sole owner of a tract of land situated in the U. P, Martin Survey, Abstract No, 1015 and the J. B. Martin Survey, Abstract No. 1134, County of Tarrant, occording to the deed recorded in lnstrumerit Number D207347944, Deed Records, Tarrant County, Texas, and more particularly described as follows: BEGINNING at set 112 inch iron rod with "CAI" cap in the southwest corner of Lot 2R, Block 1 (Kirkwood Boulevard), of said Sabre GroUp Campus, and the southeast corner of said Lot 1 R 1, for the POINT OF BEGINNING; THENCE following along the southerly line of said Lot 1R1 the following calls: THENCE South 55'51'39" West, a distance of 92.09 feet to a point in the creek; THENCE South 16'56'17" West, a distance of 13.61 feet to a point ;n the creek; THENCE South 39'53'12" West, a distance of 38.10 feet to a point in the creek; THENCE South 26026'16" West, a d;stance of 25.77 feet to a point ;n the creek; THENCE South 01'28'37" West, a distance of 29.72 feet to a point *in the creek; THENCE South 69' 15'09" West, a distance of 22.44 feet to a point in the creek; THENCE South 84'03'56" West, a distance of 26.95 feet to a point in the creek; THENCE South 52'43' 18" West, a distance of 22.56 feet to a point in the creek; THENCE South 24'34' 13" West, a distance of 37.90 feet to a point in the creek; THENCE South 0!'33'48" East, a distance of 29.93 feet to a point in the creek; THENCE South 01'25'36" East, a distance of 31.56 feet to a point ;n the creek; THENCE South 18'55'39" West, a distance of 14.92 feet to a point in the creek; THENCE South 59'07'34" West, a distance of 33,26 feet to a point in the creels, THENCE North 65'55'47" West, a distance of 50.64 feet to a point in the creek; THENCE South 75"46'17" 'Nest, a distance of 54,62 feet to ❑ point *in the creek; THENCE North 39'56'17" West, a distance of 28.52 feet to a point in the creek; THENCE North 80'57'58" West, a distance of 116.87 feet to a point ;n the creek; THENCE North 77'25'52" West, a distance of 38,04 feet to a point in the creek; THENCE North 42'54'08" East, a distance of 16.71 feet to a point in the creek; THENCE North 62' 15'43" East, a distance of 25.48 feet to a point ;n the creek; THENCE North 03"48'18" West, a distance of 20.42 feet to a point in the creek; THENCE North 48'06'13" 'Vest, a distance of 25.63 feet to a point in the creek; THENCE North 58'00'30" West, ❑ distance of 26,66 feet to a point in the creek; THENCE South 59'29'04" 'Nest, a d;stance of 18.54 feet to a point ;n the creek; THENCE South 31'26'50" 'Nest, a distance of 30,91 feet to a point in the creek; THENCE South 08'51'49" West, a distance of 8.82 feet to a point in the creek; THENCE South 50'49'55" West, a distance of 41,55 feet to a point in the creek; THENCE South 31' 11'50" 'Nest, a distance of 23.43 feet to ❑ point *in the creels; THENCE South 52037'42" Nest, a distance of 44,67 feet to a point *in the creek; THENCE South 65'54'31 " 'Nest, a distance of 31.90 feet to a point ;n the creek; THENCE South 45'42'06" East, a distance of 17,42 feet to a point in the creek; THENCE South 7-/'27'19* East, a distance of 36.92 feet to a point in the creek; THENCE South 20'13'00* West, a distance of 40,45 feet to ❑ point *in the creek; THENCE South 29'50'39" West, a distance of 72.88 feet to a point in the creep; THENCE South 51'41'02" West, a d;stance of 99,78 feet to a point ;n the creek; THENCE South 61'34'26" 'Nest, a d;stance of 87.11 feet to a point in the creek; THENCE South 5/'57'10" 'Nest, a distance of 51.51 feet to a point in the creek; THENCE North B5'4013" West, a distance of 53.55 feet to a point in the creek; THENCE South 75'20'32" West, a distance of 38.97 feet to a point in the creek; THENCE North 61'49'00" West, a distance of 56.75 feet to a point in the creek; THENCE South 55'05'51" West, a distance of 11,38 feet to a TxDOT monument found in the northeasterly right-of-way line of State Highway No. 114, also being the southwest corner of said Lot IRI; THENCE North 37104'37" West, leaving said southerly line, along sold northerly right-of-way line and the southwesterly line of said Lot 1R1, a distance of 147,33 feet to o found TxDOT monument (broken); THENCE following along the said northeasterly right --of way line of said State Highway No. 114 and the southwesterly line of said Lot 1R1, the following calls: THENCE North 48023'04" West, a distance of 101,98 feet to a found TxDOT monument; THENCE North 3/'04'26" West, ❑ distance of 500.00 feet to a found TxDOT monument; THENCE North 32'47'06" West, a d*istance of 200.56 feet to a found TxDOT monument; THENCE North 3/004'27" West, a distance of 199.81 feet to a found TxDOT monument; THENCE North 42'46045" West, a distance of 2011 B feet to a found TxDOT monument (broken); THENCE North 3 /'04'27" West, a distance of 702.91 feet to a found TxDOT monument; THENCE North 19'32'00'* West, a distance of 112.97 feet to a set 1 /2 iron rod with "CAI" cap; THENCE North 32'38'51" Nest, cont;nuing along said easterly right-of-way line, a distance of 430.57 feet to a set 1 inch iron rod with "CAi" cap; THENCE North 30'08'49"' west, a distance of 232.63 feet to a found 1/2 ;nch iron rod with "HU11T ZOLLARS" for th,0 beginning of a tangent curve to the left having ❑ radius of 1452.40 feet, a central; angle of 6'26'28, and a long chord which bears North 33'22'03" West, 163,19 feet; THENCE along said curvy' to the left and continuing oiong said easterly right--of--way fine, an arc d;stance of 163.28 .f et to a found 1/2 inch iron rod with "HUITT ZOLLARS" cap for the point of reverse curvatura of a curve to the right having a radius of 90,00 feet, a central angle of 99' 18'23", and long chord which bears North 13'03'55" East, 137.19 feet, I THENCE along said curvoi to the right an arc distance of 155.99 feet to a found 1/2 inch iron rod with "HUiTT ZOI,ARS) cap; ' I THENCE North 61'43'031 East, departing the westerly line of said Lot IRI and the said easterly r;ght-of - way. line and also being the south right-of-way line of Kirkwood Boulevard (131 foot rig -of-way) and the north line of said Lot IRI, being a common line, a distance of 32.2 feet to a set 1/2 iron rod with "CAI" cap for the beginning of a tangent curve to the 60(it having a radius of 1419.50 feet, a central angle of 24' 19' 15", and a long chord which, ears North 74'52'41" East, 598.04 feet; THENCE along said curt' to the right and along said common line, an arc distance of 502.55 feet to a found /2 inch iron rod with "HU11T ZOLLARS" cop; I ;I THENCE North 81'02'18"' Fast, continuing along said common line, a distance of 137.89 feet to a found 1/2 inch irgri w;th "HUITT ZOLLARS" cap; . I THENCE North OV41044 West, continuing along said common line, a distance of 14.02 feet I to a found 1/2 inch it n rod with "HUITT ZOLLARS" cap being in the south right--of-way line of said Kirkwood r ve and also being the northwest corner of said Lot 2R, being a common )ine; THENCE North 8 7'02' 18"'i 'East, along said common line, a distance of 252,04 feet to a set 1/2 inch iron rod with IPA)" cap for the beginning of a tangent curve to the left having a radius of 401.50 feet, �� central angle of 9' 11'40, and a long chord which bears North 82'26'28" East, 64.36 f��t; THENCE along said curv4' to the left and continuing along said common, an arc distance of 64,43 feet to a set 14 inch iron rod with "CAI" cap for corner, said point being the most northerly northeast corn�� of said Lot 1 R 1 and also being the northwest corner of Lot 1R20 Block 1 of said Sabre glrioup Campus, being a common line; ;i THENCE South 23'02'43 East, departing south line of said Lot 2R and along said common line, a distance of 119,4 feet to a set 1/2 inch iron rod with "GAO„ cap; HENCE North 61 59 55 'East, along said common line, a distance of 203,72 feet to ❑ set 112 inch iron rod with '4AI" cap; THENCE South 22'48'37' East, along said common line, a distance of 235,04 feet to a set 1 /2 inch iron rod with '�+ Al" cap; THENCE South 67'27'25 1 West, along said common line, a distance of 70.78 feet to a set 1/2 inch iron rod withAl" cap; THENCE South 22'31'56 East, along said common line, a distance of 350.46 feet to a set 1/2 inch iron rod with 4Al' cap; THENCE North 57'28'04"1 East, along said common line, a distance of 147,50 feet to a set 1/2 inch iron with "GAI"�! Cap; i! THENCE South 23'24'27' East, along said common line, a distance of 7.15 feet to a set 112 inch iron rod with ' Al" cap; THENCE South 0/'44'50 ;East, along said common line, ❑ distance of 203.57 feet to a set 112 inch iron rod with '.�AI" cap, THENCE North 8T 14'34"{ !East, along said common line, a distance of 190,18 feet to a set 1 /2 inch iron rod with ' Al" cap; � I THENCE South 59'33 55, East, along said common line, a distance of 31.03 feet to a set 1 /2 inch iron rod with ' qAl" cap; OWNER'S DEDICATION NOW, THEREFORE, KNOW ALL MEN 9Y THESE PRESENTS: THAT, WILKS SOUTH LAKE DEVELOPMENT, LLC, by and through the undersigned, it's duly authorized agent does hereby adopt this plat designating the hereinabove real property as LOTS 1R1R1 and 1 R1 R2, BLOCK 1, SABRE GROUP CAMPUS ADDITION, on addition to the city of Southlake, Tarrant County, Texas, and I (we) do hereby dedicate the rights of way, (alleys, parks) and easements shown thereon to the public's use unless otherwise noted. WITNESS MY HAND at Southlake, Tarrant County, Texas this the _S ��` day of stilt"_A4r 2015. WILKS SOUTH LAKE DEVELOPMENT, LLC a Texas limited liability company V YLE WlL MANAGER STATE OF TEXAS COUNTY OF CA§:ft I.D BEFORE ME, the undersigned authority, on this day personally appeared KYLE WILKS, MANAGER of WILKS SOUTH LAKE DEVELOPMENT, LLC, a Texas limited liability company, known to me to be the person whose name is subscribed to the above and foregoing instrument, and acknowledged to me that he executed the some for the purposes and consideration expressed and in the capacity therein stated, and as the act and deed of said Texas limited I;ability company. GIVEN UNDER MY HAND AND SEAL OF OFFICE on th;s Z94_ day of&V"RaO15. y x I � • • kip Notary P is Commission expires: A- This plot plot does not alter or remove existing deed restrictions or covenants, if any. SURVEYOR'S CERTIFICATE This is to certify that 1, Michael L. Peterson, a Registered Professional Land Surveyor in the State of Texas, having platted the above subdivision from an actual survey on the ground and that all lot corners, angle points and points of curvature have been properly marked on the ground, and that this plat correctly represents that survey made by me or under my direction and supervision. MichZel L. Peterson Registered Professional Land Surveyor Texas Registration No. 5999 STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS: OF Dat F�- .............................. .....M. LPETERSoN..... 5999�� 5UR APPENDIX 3 Avigotion Easement and Release WHEREAS WILKS SOUTH LAKE DEVELOPMENT, LLC, hereinafter called "Owner", (whether one or more) in the owner of that certain parcel of ;and situated in or within the extraterritorial jurisdiction of the City of Southlake, Tarrant and Denton Counties, Texas, being more described hereon for all purposes: NOW, THEREFORE, in consideration of the sum of ONE AND 00/100 ($1.00) DOLLAR, and other good and valuable consideration, the receipt and sufficiency of which ;s hereby acknowledged and confessed, Owner(s) do(es) hereby waive, release, quitclaim and forever hold harmless the City of Southlake, Texas, a municipal corporation, hereinafter call "City", from any and all claims for damage of any kind that Owner(s) may now have or may hereinafter have the future by reason of the passage of all aircraft ("aircraft" being defined for the purpose of this instrument as any contrivance now or hereinafter, invented, used, or design for navigation of or flight in the air) by whomsoever owned and operated, in the air space above Owner's property, as hereon described, and above the surface of Owner's such noises, vibration, fumes, dust, fuel, and lubricant particles, and all other effects that may be caused by the operation of such aircraft landing at or taking off from, or operating at or on the Dallas/Fort Worth international Airport; and Owners do hereby fully having remiss, and release any right or cause of action which it may have or which it may in the future have against the City, whether such claim be for *injury to person or damage to property due to noises, vibration, fumes, dust, fuel and lubricant particles, and all the other effects that may be caused or may have caused by the operation of aircraft landing at, or taking off from, or the operation and/or maintenance of aircraft or aircraft engine at or on said Dallas/Fort Worth International Airport. It is agreed that this release shall be binding upon the Owner, their heirs and assigns, and successors in interest with regard to said property located in or in the extraterritorial jurisdiction of the City of Southlake, Tarrant County, running with the land, and shall be recorded ;n the Deed Records of Tarrant County or Denton County, as appropriate, Texas. Executed this!ZS �� day of __&0J"j_A A.D., 2015 WILKS SOUTH LAKE DEVELOPMENT, LLC a Texas limited liability company �l�MANAGER LINE TABLE I LENGTH DIRECTION THENCE South 83'56'56' East, along so;d common line, a distance of 57.08 feet to a set 112 iron rod with "CAI" ;qop; 13.61' THENCE South 09'33'32 (West, along said common line, a distance of 129.53 feet to a set 1 /2 inch iron rod with iAI" cap; 25.77' THENCE South 86"52'45 East, along said common line, a distance of 423.57 feet to a set 1/2 ;nch iron rod with "�Al" cap being ;n the in the northeast corner of said Lot 1R1 and the west line of said L4 2R (Kirkwood Boulevard); S84' a3' 56"W S52' 43' 18"W THENCE South 05'16'W1 West, along the east line of said Lot 1R1 and the west line of said Lot 2R, being a 6 mon line, a distonce of 381.60 feet to a set 112 iron rod with "CAI" cap for the begirfr hg of a tangent curve to the left having a radius of 1053.50 feet, a central angle of 40'5' 16 and a long chord which bears South 15'10'55" East, 736.53 feet; !I 30"W THENCE, with said com I on line, along said curve to the left, an arc distance of 752,42 feet to a set 1 /2 inch ;ikon rod with "GAI" cap; I I 30.91' THENCE South 35'38'33East, a distance of 268,47 feet to the POINT OF BEGINNING and CONTAINING 3,586,080 s4are feet, 84,520 acres of land, more or less. �; 'I i L26 OWNER'S DEDICATION NOW, THEREFORE, KNOW ALL MEN 9Y THESE PRESENTS: THAT, WILKS SOUTH LAKE DEVELOPMENT, LLC, by and through the undersigned, it's duly authorized agent does hereby adopt this plat designating the hereinabove real property as LOTS 1R1R1 and 1 R1 R2, BLOCK 1, SABRE GROUP CAMPUS ADDITION, on addition to the city of Southlake, Tarrant County, Texas, and I (we) do hereby dedicate the rights of way, (alleys, parks) and easements shown thereon to the public's use unless otherwise noted. WITNESS MY HAND at Southlake, Tarrant County, Texas this the _S ��` day of stilt"_A4r 2015. WILKS SOUTH LAKE DEVELOPMENT, LLC a Texas limited liability company V YLE WlL MANAGER STATE OF TEXAS COUNTY OF CA§:ft I.D BEFORE ME, the undersigned authority, on this day personally appeared KYLE WILKS, MANAGER of WILKS SOUTH LAKE DEVELOPMENT, LLC, a Texas limited liability company, known to me to be the person whose name is subscribed to the above and foregoing instrument, and acknowledged to me that he executed the some for the purposes and consideration expressed and in the capacity therein stated, and as the act and deed of said Texas limited I;ability company. GIVEN UNDER MY HAND AND SEAL OF OFFICE on th;s Z94_ day of&V"RaO15. y x I � • • kip Notary P is Commission expires: A- This plot plot does not alter or remove existing deed restrictions or covenants, if any. SURVEYOR'S CERTIFICATE This is to certify that 1, Michael L. Peterson, a Registered Professional Land Surveyor in the State of Texas, having platted the above subdivision from an actual survey on the ground and that all lot corners, angle points and points of curvature have been properly marked on the ground, and that this plat correctly represents that survey made by me or under my direction and supervision. MichZel L. Peterson Registered Professional Land Surveyor Texas Registration No. 5999 STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS: OF Dat F�- .............................. .....M. LPETERSoN..... 5999�� 5UR APPENDIX 3 Avigotion Easement and Release WHEREAS WILKS SOUTH LAKE DEVELOPMENT, LLC, hereinafter called "Owner", (whether one or more) in the owner of that certain parcel of ;and situated in or within the extraterritorial jurisdiction of the City of Southlake, Tarrant and Denton Counties, Texas, being more described hereon for all purposes: NOW, THEREFORE, in consideration of the sum of ONE AND 00/100 ($1.00) DOLLAR, and other good and valuable consideration, the receipt and sufficiency of which ;s hereby acknowledged and confessed, Owner(s) do(es) hereby waive, release, quitclaim and forever hold harmless the City of Southlake, Texas, a municipal corporation, hereinafter call "City", from any and all claims for damage of any kind that Owner(s) may now have or may hereinafter have the future by reason of the passage of all aircraft ("aircraft" being defined for the purpose of this instrument as any contrivance now or hereinafter, invented, used, or design for navigation of or flight in the air) by whomsoever owned and operated, in the air space above Owner's property, as hereon described, and above the surface of Owner's such noises, vibration, fumes, dust, fuel, and lubricant particles, and all other effects that may be caused by the operation of such aircraft landing at or taking off from, or operating at or on the Dallas/Fort Worth international Airport; and Owners do hereby fully having remiss, and release any right or cause of action which it may have or which it may in the future have against the City, whether such claim be for *injury to person or damage to property due to noises, vibration, fumes, dust, fuel and lubricant particles, and all the other effects that may be caused or may have caused by the operation of aircraft landing at, or taking off from, or the operation and/or maintenance of aircraft or aircraft engine at or on said Dallas/Fort Worth International Airport. It is agreed that this release shall be binding upon the Owner, their heirs and assigns, and successors in interest with regard to said property located in or in the extraterritorial jurisdiction of the City of Southlake, Tarrant County, running with the land, and shall be recorded ;n the Deed Records of Tarrant County or Denton County, as appropriate, Texas. Executed this!ZS �� day of __&0J"j_A A.D., 2015 WILKS SOUTH LAKE DEVELOPMENT, LLC a Texas limited liability company �l�MANAGER LINE TABLE LINE LENGTH DIRECTION L1 92.09' S55' 51' 39"W L2 13.61' SIT 56' 17"W L3 38,10' S39' 53' 12"W L4 25.77' S26' 26' 16"W L5 29.72' S1` 28' 37"W L6 22.44' S69' 15' 09"W L7 L8 26.95' j 22.56' S84' a3' 56"W S52' 43' 18"W L9 L10 37.90' 29.93 S24' 34' 13"W 51 33 48"E L11 I 31.56 � S 1 251 36n E L12 14.92' S18' 55' 39"W L13 33.26' S59' 07' 34"W L14 L15 150.54' 54.fi2' f N65' 55' 47"W 575' 46' 17"W L16 € 28.52' N39' 56' 17"W APPROVED BY THE PLANNING & ZONING COMMISSION Date: ��.f'�� � - _5, Chairman: P&Z secretary: ("W1 �/Iq. - -------____________`J -_-__-- APPROVED BY THE CITY COUNCIL Date: � t )9 /5- 26215 - Mayor: 1 ^l City Secreta ;.'�,. $1 ,. y, :C; , ■ • ■ 4 ■ , PLAT REVISION SABRE GROUP CAMPUS ADDITION LOT 1R1R1 & LOT 1R1R2, BLOCK 1 BEING A REPIAT OF ALL OF LOT 1R1, BLOCK 1, SABRE GROUP CAMPUS ADDITION, AN ADDITION TO THE CITY OF SOUIHLAKE, TARRANT COUNTY, TEXAS, ACCORDING TO THE PIAT FILED FOR RECORD IN COUNTY CLERK'S INSTRUMENT NUMBER D2073479440 COUNTY CLERK RECORDS, TARRANT COUNTY, TEXAS, 2 LOT - 84.620 ACRES U. P. MARTIN SURVEY, ABSTRACT NO. 1015 & J. B. MARTIN SURVEY, ABSTRACT 1134, CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS. OWNER: WILKS SOUTH LAKE DEVELOPMENT, LLC SEPTEMBER 2015 CITY CASE NUMBER ZA15--085 10235 1-20 WEST EASTLAND, TEXAS Graham Associates, Inc. MR. KYLE WILKS CONSULTING ENGINEERS & PLANNERS ($17) $50-36D0 500 SIX FLAGS DRIVE, SUITE 500 ARLINGTON, TEXAS 76011 (817} 646-8635 TBi'E FIRM: F•11911T$PLS FIRM: 101538-00 PIAT FiLED FOR RECORD iN INSTRUMENT NO. � � � S � � � S�'�, DATE: ����1� SHEET 2 OF 2 UNE TABLE LINE # LENGTH DIRECTION L33 L17 16.87' N80' 57' 58"W L18 38.04' N7T 25' 52"W L19 15.71' N42' 54' 08"E L20 25.48' N62' 15' 43"E L21 20.42 N3' 4-8' 18"W L22 25.53' N48' 06' 13"4 L23 26.66' N58' 00' 30"W L24 18.54' S69' 29' 04"W L25 30.91' S3 -i- 26' 50"W L26 8.82' SS' 51' 49"W L27 41.55' S50' 49' 55"W L28 23.43' S32' 11' 50"W L29 44.67' S51' 37' 42"W L30 31.90' S65' 54' 31 "W L.31 17.42' S45' 42' 06"E L32 36.92' S71' 27' 19"E APPROVED BY THE PLANNING & ZONING COMMISSION Date: ��.f'�� � - _5, Chairman: P&Z secretary: ("W1 �/Iq. - -------____________`J -_-__-- APPROVED BY THE CITY COUNCIL Date: � t )9 /5- 26215 - Mayor: 1 ^l City Secreta ;.'�,. $1 ,. y, :C; , ■ • ■ 4 ■ , PLAT REVISION SABRE GROUP CAMPUS ADDITION LOT 1R1R1 & LOT 1R1R2, BLOCK 1 BEING A REPIAT OF ALL OF LOT 1R1, BLOCK 1, SABRE GROUP CAMPUS ADDITION, AN ADDITION TO THE CITY OF SOUIHLAKE, TARRANT COUNTY, TEXAS, ACCORDING TO THE PIAT FILED FOR RECORD IN COUNTY CLERK'S INSTRUMENT NUMBER D2073479440 COUNTY CLERK RECORDS, TARRANT COUNTY, TEXAS, 2 LOT - 84.620 ACRES U. P. MARTIN SURVEY, ABSTRACT NO. 1015 & J. B. MARTIN SURVEY, ABSTRACT 1134, CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS. OWNER: WILKS SOUTH LAKE DEVELOPMENT, LLC SEPTEMBER 2015 CITY CASE NUMBER ZA15--085 10235 1-20 WEST EASTLAND, TEXAS Graham Associates, Inc. MR. KYLE WILKS CONSULTING ENGINEERS & PLANNERS ($17) $50-36D0 500 SIX FLAGS DRIVE, SUITE 500 ARLINGTON, TEXAS 76011 (817} 646-8635 TBi'E FIRM: F•11911T$PLS FIRM: 101538-00 PIAT FiLED FOR RECORD iN INSTRUMENT NO. � � � S � � � S�'�, DATE: ����1� SHEET 2 OF 2 LINE TABLE LINE LENGTH DIRECTION L33 40.45' S20' 13' 00 "W L34 72.88' S29' 50' 39"W L35 99.78' S52' 41' 02"W L36 87.11' S61' 34' 26"W L37 51.51' S5 -I. 57' 10"W L38 53.55' N85' 40' 13"W L39 38.97' S76' 20' 32"W L40 56.75' NU 49' 00"W L41 11.38' S55' 05' 57"W L42168.05' N3T 02' 57"E L43 120.10' N45' 33' S5"E L44 119.491' N28' 07' 09"E L45 182.88' N6' 31' 52"E L46 172.54' N8' 13' 29"E L47 71.05' NF 06' 11"W APPROVED BY THE PLANNING & ZONING COMMISSION Date: ��.f'�� � - _5, Chairman: P&Z secretary: ("W1 �/Iq. - -------____________`J -_-__-- APPROVED BY THE CITY COUNCIL Date: � t )9 /5- 26215 - Mayor: 1 ^l City Secreta ;.'�,. $1 ,. y, :C; , ■ • ■ 4 ■ , PLAT REVISION SABRE GROUP CAMPUS ADDITION LOT 1R1R1 & LOT 1R1R2, BLOCK 1 BEING A REPIAT OF ALL OF LOT 1R1, BLOCK 1, SABRE GROUP CAMPUS ADDITION, AN ADDITION TO THE CITY OF SOUIHLAKE, TARRANT COUNTY, TEXAS, ACCORDING TO THE PIAT FILED FOR RECORD IN COUNTY CLERK'S INSTRUMENT NUMBER D2073479440 COUNTY CLERK RECORDS, TARRANT COUNTY, TEXAS, 2 LOT - 84.620 ACRES U. P. MARTIN SURVEY, ABSTRACT NO. 1015 & J. B. MARTIN SURVEY, ABSTRACT 1134, CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS. OWNER: WILKS SOUTH LAKE DEVELOPMENT, LLC SEPTEMBER 2015 CITY CASE NUMBER ZA15--085 10235 1-20 WEST EASTLAND, TEXAS Graham Associates, Inc. MR. KYLE WILKS CONSULTING ENGINEERS & PLANNERS ($17) $50-36D0 500 SIX FLAGS DRIVE, SUITE 500 ARLINGTON, TEXAS 76011 (817} 646-8635 TBi'E FIRM: F•11911T$PLS FIRM: 101538-00 PIAT FiLED FOR RECORD iN INSTRUMENT NO. � � � S � � � S�'�, DATE: ����1� SHEET 2 OF 2