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A.A. Freeman Survey, Abstract No. 522 (Lot 1) - ROW OF. I CIAL RECORD CONTRACT STATE OF TEXAS § § KNOW ALL MEN § BY THESE PRESENTS: COUNTY OF TARRANT § That JAMES SULLIVAN, JR., JAMES SULLIVAN, SR., and ELIZABETH BRISTER, known hereinafter collectively as ("the Sullivans") and the City of Southlake, Tarrant County, Texas, known hereinafter as ("the City") desiring to formalize and confirm their agreement and the consideration therefor, hereby state: The tracts of land related to this agreement are: 1) that one tract owned by JAMES SULLIVAN, JR. and described more particularly by field notes on Exhibit "A" and only generally described on the drawing; 2) that one tract owned by ELIZABETH BRISTER and described more particularly by field notes on Exhibit "B" and only generally described on the drawing; 3) that one tract owned by JAMES SULLIVAN, SR. and described more particularly by field notes on Exhibit "C" and only generally described on the drawing. 1), 2 ) , and 3) being generally portrayed on a scale drawing attached hereto and marked Exhibit "D". The City desires to purchase certain additional right- of-way from JAMES SULLIVAN, JR. in connection with the realignment of North Peytonville Road and JAMES SULLIVAN, JR. desires to sell same to the City and, also the Sullivans desire to resolve several controversies and contentions that have arisen between the Sullivans and the City, In consideration for this sale, the City agrees to pay $1.44 per square foot for all property transferred to it at this time and, The City further agrees that for a period of five (5) years from the date of this agreement or for such time in excess of five (5) years as this agreement may be extended pursuant to the terms herein, that if the City should revise its development regulations applicable to the Sullivan tracts so that a building permit cannot be issued for the construction of a single family residence on any one of the Sullivan tracts, the City will purchase the affected tract, whether one or more, at the fair market value thereof. It is understood and agreed, however, that the City shall not be OMC1AL RECORD required to purchase any tract, whether one or more, which is undevelopable because of the conveyance of all or a portion of said tracts by the Sullivans among themselves or because of other actions taken by the Sullivans among themselves which prevent the development of the property under the City's development regulations, such action or conveyance having been made or taken after the date of execution hereof. Fair market value will be determined by the use of a M.I.A. appraisal. The Sullivans understand and agree that in order to obtain a building permit, the owner of any particular tract will be required to make a good faith application to the City to obtain proper zoning, platting and necessary variances, including (possibly) variances for septic field approval. If, after making such good faith applications,. a building permit cannot be obtained for the construction of a single family residence, the City will purchase the affected tract, the price being not less than fair market value at the tiihe of the transaction. If a good faith application to obtain proper zoning, platting, or necessary variances is pending at the end of the five (5) year term of this agreement, this agreement is automatically extended without any further formality until the said applications are no longer pending. The City agrees not to unreasonably delay any application for zoning, platting, or variance, and to fairly consider same. The City further agrees that if additional right-of-way is needed for North Peytonville Road along any of the Sullivan tracts lying East of the James Sullivan, Jr. tract, the City will pay not less the fair market value at the time of the transaction. Not withstanding the immediately foregoing sentence, the City shall not be required to pay for right-of-way reasonably required to be dedicated in conjunction with platting or development of the property. The obligations and benefits of this contract shall inure to and bind each of the parties and their successors, heirs, beneficiaries and assigns, provided however, that should the Sullivans voluntarily transfer their interest to a non-party to this agreement who is also not a personal representative, heir, or beneficiary, the City will have no obligation to purchase the property should a building permit not be issued. The right to make the City purchase any of the Sullivan tracts is personal to each of the Sullivans and is non-assignable without modifying this contract. Should the City be required as provided herein to purchase any of the Sullivan tracts, the City shall complete such purchase within 120 days of becoming so liable. In the case of such a sale and purchase, the Sullivans shall be obligated to furnish good and marketable title, free and OM XIAL RECORD clear of any liens or encumbrances other than those created by the City of Southlake. This agreement constitutes the entire agreement between the parties and there are no oral agreements or other written agreements documenting this transaction. This agreement may only be modified in writing, the said modification to be signed by all parties to which the modification relates. This agreement is performable in Tarrant County, Texas and shall be governed by Texas law. Venue of any suit arising out of this agreement shall lie in Tarrant County, Texas. Should any part or portion of this agreement be found to be invalid, illegal, or incapable of performance, the remainder of this agreement shall be binding to the extent that it does not conflict with the portion so invalidated. SO APPROVED AND AGREED: ames W. Sullivan Jr. GZ ames W. Sullivan, Sr. Eliz eth Brister City of Southlake By: C*Ifrtied E. H wk, Authorized Agent and City Manager OFFICIAL RECORD STATE OF TEXAS ) COUNTY OF TARRANT ) BEFORE ME, the undersigned authority, on this day personally appeared JAMES SULLIVAN, JR., known to me to be the person whose name is subscribed to the foregoing instrument, and who being duly sworn, on oath, acknowledged to me that he executed the same for the purposes and consideration therein expressed. h GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of ,JLs"1!5' , 1992. B.J. COUCH NOTARY PUBLIC, STATE OF TEXAS / Commas= EXP 1409(P.46PUBLIC, STATE OF TEXAS STATE OF TEXAS ) COUNTY OF TARRANT ) BEFORE ME, the undersigned authority, on this day personally appeared JAMES SULLIVAN, SR., known to me to be the person whose name is subscribed to the foregoing instrument, and who being duly sworn, on oath, acknowledged to me that he executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of v~ 1992. BA NOTARY PUKr. STATE OF TVW COMMISSION EXPO-:31•':li. NOT PUBL C, STATE OF EXAS STATE OF TEXAS ) COUNTY OF TARRANT ) BEFORE ME, the undersigned authority, on this day personally appeared ELIZABETH BRISTER, known to me to be the person whose name is subscribed to the foregoing instrument, and who being duly sworn, on oath, acknowledged to me that he executed the same for the purposes and consideration therein expressed. Z ~i GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of 1992. LA COUCH NOTARY PtWC, STATE OF TEXAS SON WMES - 3 ; OT PU C , STATE OF TEXAS OFFICIAL RECORD STATE OF TEXAS ) COUNTY OF TARRANT ) BEFORE ME, the undersigned authority, on this day personally appeared CURTIS E. HAWK on behalf of the City of Southlake, known to me to be the person whose name is subscribed to the foregoing instrument, and who being duly sworn, on oath, acknowledged to me that he executed the same for the purposes and consideration therein expressed, and further that he was authorized by the said City to execute this instrument. GIVEN E MY HAND AND SEAL OF OFFICE, this the day of 1992. RA OfAY KIM, E US H Notary Public NO AR PUBLIC, STATE OF TEXAS STfiTE OP TEXAS Corm Ew C a l 4 r OrFICIAL RECORD i ~ rL ( T::ACT ONE P.l? t:lat ^a~'.:air: toy, "act or parcel of land located in the A. A. FREZIMA1V ?!n'%E'~, A;:s-ract X22, Suu.hlake, Tarrant County, Ta::as, being a portion of that certain 26%.233 acre tract conveyed to AR• 1TJA/JN5 PARTNERS, L.P. 11 , a n8lawara Li.mj ted Partnershi p , formerly as $_-%t!-.wind Partners L.P., by deed recorded in Volume 98e":3, Pare 348, geed Records, Tarrant County, Texas (D.R., T.Co., Ty..), and bei7,Lg more .particularly described by metes and bounds as follows: BEG+NN.LNG at a point fcir corner in a common North line of aforesaid 267.239 acre tract and that, certain subdivision plat of Southrldge Lakes Phase III, Section One, according to the plat recorded in Cabinet A, Slide 792, slat Records, Tarrant County, Te:cas, said point of 'zeginn n also being the Southwest corner of that certain called 0.86 acre tract conveyed to J. W. Sullivan, Jr., st ux Conna, by deed recur drd in Vo:ume 6824, Page 312: Deed Records, Tarrant Coy::: ter, Texa:- , said p,-i n t bears ?`Sort. 89 degrees 01 minute 7 s^econda :.a£'.' lol-45/106 feet from the mcst westerl-7 ;;Grt:.iJt_°St corer of 3~„~8:j1L?:1L~JL:?Cr :267 .239 acre tract; THEtiCu wi t.2 aald common inn, North sci degrees C: mynate l~ seconds East 40$-;.?f ;tit; Itet LA v p01:2t iC:i the co=on Southeast a.St CJ.:":Zc?2' Of said 7. `n . SQi3 i val:, •7r . , et :rac~ and cuthwes- C^ ~rr.::r o-. .:at carta cc:2ed 0. a6?. acre tr:zL.t rvnveyed t ~ za'eet 5u' :ivan 3r iste_ o,: c:aEu' c...rde~i in 8639, Pare T . Co THE. N CE dares-a .1nc: Sal c:33;tmc.r! Sou`_ 1]6ne arc.1 wi':h an extensic_:j Jt a tine ccru7av.: t:,j afcrc,yald 0.85 and 0,362 ac.^e trar~-ts, South 26 degree,; 34 Tt t1 t1 04 seconds East -9a,'ZOG :=At to a :fit f pc:. or corner In far.: - lane; : I:."•.is G tl'?~ t►? ~3Z•1 4-~ ~i:i Lam, .`^~Ci :~:.Z sc: de-rees 0r, ::1~:112`?S .:2 j@c^ n ii e t 2_u-1.:•7i s` ~ G:.c S rYua8 e=e, 14 ~ 221 seconds w F3."a: 3ci~d fer,aq a I-Ine e:i'~2 .~~^J11 c*_• sa? d ::ne P:~~~a 1 of ~ OFFICIAL RECORD r geld Not s { Tracr. 4r.~ ?Vvver,~:.lar 2 5 , ~ 3 Page 2 of 2 THIeNCc dew l-tln. sayer n .rt < a,:c. , iir:.. 25 deC: e?s 2 ~ minutes 49 sec :nds West 7-72; 2,aCl feet to t:Z& p,ace of beginning and ccntaini ng some 1,6&9 sc ;"are feet rz• v". 0384 acre. •a.(~•'~;-•r.. Prepared from record and au: veys made on the %Lr; • -round In Novemaer, 1991 ~ .~j: ,,icy. ,'1•l, David A. White No. 1824 (See attached Exh-ibi t Map) N .24 °4z .M'W 15G/~ OrFICIAL RECORD z *.w V~_ F'OB~- _ 4 °/7'x'0: g,, , 3- 4° 36,9 ()O' SCALE: 1"-4-0' T=57. j6' S z5 °3 P /,2''E /4.69' J W S UL L V4 Al, ✓R. m VOL. 6624, PG. 312 40 D. R.T. C. T. Ao Q ° !3 W , Q ~ o h ~ ,58 EXH/Q/T A UFFICIAL RECORD ydtP •_;..J• .3f: ...J _ ,:.i.1^,..... ..''15UI::lflf `icvem'rer Z i , _99 ( L''1C : i3G ) Al ~ha : certaj .o t a et a parce~ or iar_ oca ed In .:~w . 1T M.. t v.. . t ^ 1;cEEMA..~ SURaE. Tarrant .6 ~ .,cunt~j , Taxas, being a pcrtion of cleat cer .ain 267.239 acre tract ccmveyed to A.RVIDA/3-M-B PA:'Z?'Ns.RS, P. 11-1, a Delaware Li^i ted Partnarahip, formerly )nawn as Sont'iwlnd Fartners L.P., :y deed recorded in Volume SSG,3, Page R48, Deed Records, Tarrant County, Texas (i .R. , T.Co., Tx.), a. -.d being ►acre particularly described by metes and bounds as '&ollowi: MuINNI*iG at a point .o* corner in a eommor. North line or aforesaid 267.239 acre tract are'e, that cWrta?n subdii ision plat of Soizthridge Lakes Phase III, Section One, according to the plat recorded to Cabinet A, Slide 782, Flat Records, Tarrant County, Texas, said point of begirn nag also being the Southeast corner of that certain 0.86 acre tract conveyed to J. W. Sullivan, Jr., et ux by deed recorded in Vc 1 L:me 63 ^ 4 , ?age 312, d . R . , 0 . Co . , T;c. , and S07141.4 :ve^ t corner cf that certain 0.862 ac--;:~ tract co:iveVZd to E1_ atat"4 Sul 3 J van 3rister, by deed re+: ~rdeci in Vol ume 8639, Page :553. O .R. , T .Co., _x., said po-4 nt of beg=nn, ng bears North 39 Q-tag:r9es 01 minute 27 sktconds East 5u:.-c4/100 feet t=om the most westdrly Nortriwest corner o! a+or em~-.nzloned 257.239 acme act 1 l.ae =1'wi~i<a ..J S. S•.^'.O • ..i .1 ci .Y': an- SClrV Eliza e-,'. Su_2 2. van 3rister 0 . 362 acre tract, 'North, 39 Warr ses 01 minute I- zeoo::.:s °26t :s~-59.'100 ~aet to a for t'a c,nnaon Sout;:ea,t cc.r_eN a~ sa_•I iza~:et': Sur_.van 3r3era: tract and Scutnzves t corner of a c:3- led '.62 acre r en a:nc;P~ C f tea czr :ai:: ca1_ed 3.,2-,7 acre tract va LNG tc J. W. Sullivan, at deed recorded in Voiw•re 3370. ?'::ese 647D . i . T . Co . Tx.; . LV, zi~r~ iT~ ttn.3 r'a-.i -11xa cf 3a~ ZI~:a'aa. i::~: to a ro:.._. '_n a: 3 -1 a~: ~es ti m a• ~4 sec~r.~ ~ sv:.~ :d9-c5/ICS? :ate- Lc a -,o_nt at _z3 irT°rsect_on .r! a:cz•44aid west' OFFICIAL RECORD c :ald Nags r Novetnter 25, "491 Page 2 of 2 THENCE 3ePar°:: r.,j sa 1 d 2'2ncQ , .:o. t:: 2F degrees 34 mlnutrus 04 seconds West 0-941100 +eat t~; the place of begInn_ng and c•znta_n;n r some 93 square feet or 0.0021 acre of land. Prenared frow records and surveys mace on the ground In November, 1991. °t ::ter ^r David A. Wh1.a M. R.P.~,.S. No. 1824 (See a.t _ac ed Mxhiblt :fag) C . TICIAL. RECORD CAA SCALE: IA=50' 4,5 0.01 303 w 60, 64 N 3 ~ 5 GA I y -z. i, . CU. S UG L VAN VOL 3370 PG. 647 0 cn 5 2 2EMI--1 /N/Ncs FX IBI T j GtTICI L RECORD ~ OdY{D... .'lase'. L._ ~..P', :n^, ~ `.i • .,:nSW!dn: / J 1 q. S U -7 a r. ti: ...:uL~i :~C+ 1 G`C (TRACT HRZ. 1 All t:la -z ::erta,:: let tract or parcei or lard 2oca,-d in The A. FREEMAN SO VEY, Abst" act 523, Sout.alake, Tarrant County, Texas, being a portiar, of that certain 2G7.239 acre tract conveyed to ARV1DA/ 7M. 2 PAIRT74ARS, L.?. 3:::, a Lelawar a Lim-it ed ?a--, t.zersh!M , :armer'.Y known as Scuthwizd Partners T .P. , by deed recorded in Volume 9563, Page $4a, Deed Records, Tarrant Country, Texas (D.R., T.Co., :x. j , and bPtng more particularly described by metes and bounds as fo;lows: BEGINNING at a point for corner In a common North line of aforesaid 257.239 acre tract and that certain subdivision plate of Southridge Lakes ?!base 111, Secttor, One, ancording to the pls. recorded in Cabinet A, Slide 782, Plat Records, Tarrant Cou-nty, Texas, said point of bagirning also beinca the common Southeast c%0 - Of that certain C.8C2 acre tract conveyed to Elizabeth Sullivan Bris•ter, by deed recorcrd i y~sl w:.►e 8629 , Page 1653 , D . R . , T. Co . , Tx. , and °cul*hwest Corner of tale 1.62 ac- _e remainder o: t. at certain 3.25 acre trar,.: con•*-.-pI! 4 tc J. W. Su?1Ivan, et Z:t, by deed rscorded in Vol Liine 3,3`4T.), Pagme G47, D . , CJ , Tx., sa-4 d ~Or n : }Dears No. La 89 degrees C1 minute 17 seconds East 695-23/10C :eet i:om the :nos. wester'v Nor-chsvesr corner of a:orementiored 207.239 acre tract; a _..::e c^mrao. ;sal : , acre a and aaor sae., T • • Er w-. ".5.'n ~3• i•a v ic.^s acre t z-aC•.v :f.'~ t1 d..eg-es -.ec 0 RI.. S~LL.. 1': sec _ in a Noi -h-scu-, t.?n e u l y ..S Jcrt h 89 elec. ^ae:01 fcr COr.:~l , . 4~'nilP Wt.~~.il .C= I tw..Ci Jam' minutle 1' seccrLfhs East 'foot: THETM B.' with a .-_r.^e, CC degrees 135 mirures 51 saconda Zast 0- 86/1-00 `cot to a :anc;e corner pos far c::^ar S Wes,_ I-I n a. dew V v . J ~ . 1 L. 1• . ' 1 t • J O ~ .I ~ • ~ L w r r i ~ l • / ~ . • -s . 2 i~~f± 1 of 2 _ 'ICIAL RECD laid Ncc .r s .Tract TY.z•ee Navemi"er Page 2 01 2 THENCE dercirting sa:d ce ! rtort!: ?d degr--e West 0-14,1100 fc)ur: to the place of beginning and some 82 square feet or score 0.00,1. ac;'e of land. Pr9cared from records and : ~ r' •j•>t,~! ice` S;lr°JG~173 made an the ground in November, 1991, blo. 1824 (Se attp-c,ied Exhibit Ma- A000 . . i. • t • . . OFFICIAL RECORD x .w \ x ` pww \ ~m N 9 u 'O O X N x OO \ 2 0-7 ~ ::1: • g O 10 m A o x t I g 50 J 6Gat \ M ~ q ~ ~ Yno O C - ~ Y 49 tit X cp / 'I ly I Z C LCD x m t p m to r•: y I o 900 0- I , 13 i CA t l` o c t tea ;r u• p ,t . \ ~t x x x ~~b`/~ x _x_X---x-x-n-x-x-x--x-x-x-x-x-x--- - - 0 RECORD pan SCALE: /'1=501 R p' E I g' 52 R ~ ~ S ~ ~6 5f 5~ o ,9r 9 5 ca_ !5 6~ z w_ ' N r' E41Z.4,06r11 BR/STER o V04 6089,P6. /653 0.82 AC. REinA/N/NS 0 EXIa/7" "C" y