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Tuscan Ridge Phase I (1757 Tuscan Ridge Circle), 2005 - Quitclaim Deed QUITCLAIM DEED ~ "'f'ILt"O ' Notice of Confidentiali Ri hts: If ou are a natural erson 0 NT COUNTY TEXAS remove or strike any of the followine: information from this instrumen before it is filed for record in the Dublic records: vour Social Sec!IiAtAY 23 AM 8: 36 Number or your Driver's License Number. ~EHEHOERSON STATE OF TEXAS 9 TY CLERK ~ KNOW ALL MEN BY THESE PRESEN ., BY COUNTY OF T ARRANT ~ That the City of Southlake, Texas, a home rule city located in Tarrant and Denton Counties Texas ("Grantor"), for and in consideration of the benefits obtained pursuant to a program to promote local economic development and to stimulate business and commercial activity in the municipality as described in section 380.001 of the Texas Local Government Code and as evidenced by that certain Economic Development Program Agreement dated June 6, 2003 between Grantor and Southlake Phoenix Homes, Ltd., a Texas Limited Partnership located in Southlake, Texas ("Grantee") and by that certain Residential Developer Agreement dated July 2, 2004 between Grantor and Grantee, HAS QUITCLAIMED and by these presents DOES QUITCLAIM to Grantee, whose address is 726 Commerce St., Suite 109, Southlake, Texas 76092, all of Grantor's right, title, and interest in and to the property described in Exhibit "A" attached to and made a part of this instrument ("Property"). TO HAVE AND TO HOLD all of Grantor's right, title, and interest in and to the Property, together with all and singular the rights and appurtenances belonging in any way to Grantor's right, title, and interest in and to the Property, to Grantee and its successors and assigns forever, and neither Grantor nor Grantor's successors or assigns shall have, claim or demand any right, title or interest in all or any part of the Property. GRANTEE ACCEPTS THE PROPERTY ON AN "AS IS," "WHERE IS" CONDITION AND BASIS WITH ALL FAULTS. GRANTEE ACKNOWLEDGES AND AGREES THAT GRANTOR HAS NOT MADE AND SPECIFICALLY NEGATES AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS TO, CONCERNING OR WITH RESPECT TO (A) THAT CERTAIN WELL SITUATED ON THE PROPERTY, (B) THE INCOME TO BE DERIVED FROM THE PROPERTY, (C) THE SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH GRANTEE MAY CONDUCT THEREON, (D) THE HABIT ABILITY, MERCHANT ABILITY, MARKET ABILITY, PROFIT ABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY, (E) THE MANNER OR QUALITY OF THE CONSTRUCTION OR MATERIALS, IF ANY, INCORPORATED INTO THE PROPERTY, (F) THE MANNER, QUALITY, STATE OF REPAIR OR LACK OF PROPERTY. C:\Documents and Settings\lfarwell\Local Settings\Temporary Internet Files\OLK433\Quitclaim Deed Southlake Phoenix Homes 001.doc "12.05/Q42E8 P r. of ~ yVl tt1 ' 2005. CITY OF SOUTHLAKE, GRANTOR _~ BY:M~ Executed this J (.f k- day of STATE OF TEXAS by \\\\"'111""",,, ~\\\' F AI? 'f"" f~it,.~":~'~~i\ ~....,..~ \ ':: ~ I ~ .1 s\d'~ ~), ~.\ ..~' I ~ -.. .....~ ~ ~... .' ~ * ~ ........... <;:)"" ~ '-"," 10-27 ..'l(",\\~ 1/1'1/11I111\\\\' Return to: City Secretary City of Southlake 1400 Main Street, Suite 270 Southlake, Texas 76092 Grantee: Southlake Phoenix Homes, Ltd. 726 Commerce St., Suite 109 Southlake, Texas 76092 Attention: Tom Matthews ----=-- . , 2005, Notary Public in and for the State of Texas My Commission Expires: ~f 1--1 I ~ ( C:\Documents and Settings\]farweI\\Local Settings\Temporary Internet Fi]es\OLK433\Quitclaim Deed South]ake Phoenix Homes 00] .doc DZC6lq~ Z51 P 2 ~ q EXHIBIT "A" Property Description: 1757 Tuscan Ridge Circle, Southlake, Texas and more particularly described as an approximately 11,739 square foot tract ofland (.2700 acres) being situated in and being a part of the William H. Martin Survey, Tract No. 3A01A in Abstract No. 1068, City of Southlake, Tarrant County, Texas, being the same tract of land conveyed to the City of South lake, Texas pursuant to that General Warranty Deed dated August 3, 1999 between the City of Southlake, Texas, as Grantee, and AquaSource Utility, Inc., as Grantor, which is recorded at Volume 13995, Page 0021, Deed Records of Tarrant County, Texas. C:\Documents and Settingsllfarwe11\Local Settings\Temporary Internet Files\OLK433lExhibit A to Quitclaim Deed Southlake Phoenix Homes.doc ))2DnltJ42'~ p. 3 ot q .-, ,..,........,,-"'''-.-.....-....-.-.-- CITY OF SOUTH LAKE 1400 MAIN ST #270 :., .,..~-~...,. .. t'Ot1iV *. ..~~ ' '.1'Jt-.... ..- '~ ~.... ~ *ft. . : , ~,t :>1'; ;PO: ~ ~ (j;., ... I . .. 1IJi.., Jt1., , ," .~ *.. + *' ....,..... ......... SOUTH LAKE TX 76092 Submitter: CITY OF SOUTHLAKE - ZSLKE-001 SUZANNE HENDERSON TARRANT COUNTY CLERK TARRANT COUNTY COURTHOUSE 100 WEST WEATHERFORD FORT WORTH, TX 76196-0401 DO NOT DESTROY WARNING - THIS IS PART OF THE OFFICIAL RECORD. Filed For Registration: 05/23/200508:34 AM Instrument #: D205144258 WD 4PGS $18.00 111111I11111 11111 1111111111 11111 11111 1I1I1 11111111111111 I11I 0205144258 ANY PROVISION WHICH RESTRICTS THE SALE, RENTAL OR USE OF THE DESCRIBED REAL PROPERTY BECAUSE OF COLOR OR RACE 1S 1NVAUD AND UNENFORCEABLE UNDER FEDERAL LAW.