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Item 5B Deed 1QUITCLAIM DEED STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § For and in consideration of the sum of Ten Dollars and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City of Southlake ( "Grantor "), does hereby bargain, sell, release, vacate, abandon and forever quit claim unto: Southlake Cornerstone Business Park, L.P. and any and all of their heirs, legal representatives or assigns, all of Grantor's right, title, and interest in and to the property described on Exhibit "A" and shown on Exhibit "B ", attached hereto and incorporated herein for all purposes. TO HAVE AND TO HOLD all of Grantor's right, title and interest in and to the above described property unto the said Grantee, its heirs and assigns forever, so that neither Grantor nor its heirs, legal representatives of assigns shall have, claim or demand any right or title to the aforesaid property premises or appurtenances or any part thereof. EXECUTED this day of 2003. CITY OF SOUTHLAKE, GRANTOR By: MAYOR STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on the day of 2003, by Notary Public in and for the State of Texas My commission expires: Type or Print Notary's Name Return to: City Secretary City of Southlake 1400 Main Street Suite 270 Southlake, Texas 76092 Grantee: EXHIBIT "A,, DESCRIPTION OF A PORTION OF CROOKED LANE RIGHT —OF -WAY TO BE ABANDONED BEING a tract of land in the City of Southlake, Tarrant County, Texas, out of the Thomas Easter Survey, Abstract 474, and being a portion of the existing right —of —way of Crooked Lane; said portion being more particularly described, by metes and bounds, as follows: BEGINNING at a 1/2" iron rod set for the west corner of all that certain Lot 1, Block 5, Cornerstone Business Park, an addition to the City of Southlake, Texas, according to the plat thereof recorded in Cabinet A, Slide 4010 of the Plat Records of Tarrant County, Texas; said corner being in the northeast right —of —way line of South Nolen Drive, according to the plat thereof recorded in Cabinet A, Slide 4010 of the Plat Records of Tarrant County, Texas; THENCE N 3722' 11" W, with said right —of —way line, a distance of 30.40 feet, to the centerline of Crooked Lane; THENCE NORTHEASTERLY, with said centerline, with a curve to the left, having a radius of 273.33 feet, a central angle of 11' 05' 48 ", and a long chord of N 37' 19' 56" E, 52.85 feet, for an arc distance of 52.94 feet, to the end of said curve; THENCE N 31' 47' 02" E, with said centerline, a distance of 241.86 feet, to the beginning of a curve to the right, having a radius of 241.87 feet, a central angle of8' 29' 16 ", and a long chord of N 36' 01' 40" E, 35.80 feet; THENCE NORTHEASTERLY, with said curve, an arc distance of 35.83 feet, to the end of said curve; THENCE N 40' 16' 18 E, with said centerline, a distance of 50.22,feet, to the beginning of a curve to the right, having a radius. of 346.90 feet, a central angle of 5' 28' 40 ", and - a long chord of N 43' 00' 38" E, 33.15 feet; THENCE NORTHEASTERLY, with said curve, an arc distance of 33.17 feet, to the south line of a previously abandoned portion of Crooked Lane, according to the deed thereof recorded in Volume 15485, Page 123 of the Deed Records of Tarrant County, Texas; THENCE N 87' 18' 28" E, with the south line of said previously abandoned right —of —way, a distance of 15.88 feet, to a 1/2" iron rod found for corner; THENCE S 41' 50' 45" E, with the south line of said previously abandoned right —of —way, a distance of 19.67 feet, to a 1/2 iron rod found for the northwest corner of all that certain Lot 2R1, Block 5, Cornerstone Business Park, an addition to the City of Southlake, according to the plat thereof recorded in Cabinet A, Slide 6399 of the Plat Records of Tarrant County, Texas; said corner also being in the existing southeasterly right —of —way line of Crooked Lane; THENCE SOUTHWESTERLY, with said right —of —way line, curving to the .left, having a radius of 316.90 feet, a central angle of 7' 28' 41 ", and a long chord of S 44' 00' 39" W, 41.33 feet,. for an arc distance of 41.36 feet, to a 1/2" iron rod found. for the end of said curve; EXHIBIT A PORTION OF CROOKED LANE RIGHT -OF -WAY ABANDONMENT SOUTHLAKE, TEXAS SHEE 1 OF 2 EXHIBIT "A" CONTINUED DESCRIPTION OF A PORTION OF CROOKED LANE RIGHT —OF —WAY TO BE ABANDONED THENCE S 40' 16' 18" W, with said right -of -way line, a distance of 50.22 feet, to a 1/2" iron rod found for the beginning of a curve to the left,' having a radius of 211.87 feet, a central angle of 8' 29' 16 and a long chord of S 36' 01' 40" W, 31.36 feet; " THENCE SOUTHWESTERLY, with said curve, an arc distance of 31.39 feet, to a 1/2" iron rod found for the end of said curve, THENCE S 31' 47' 02 W, continuing with said right —of -way line, a distance of 241.86 feet, to a. 1/2" iron rod found for the beginning of a curve to the right; having a radius of 303.33 feet, a central angle of 12' 04' 08 ", and a long chord of S 37' 49' 06" W, 63.78 feet; THENCE SOUTHWESTERLY, with said curve, an arc distance of 63.89 feet, to the PLACE OF BEGINNING and containing a calculated area of 12,762 square feet or 0.293 acres of land. f r F u K: EXHIBIT A y f ,�� QI+i�,11G PORTION OF CROOKED LANE RIGHT -OF -WAY ABANDONMENT SOUTHLAKE, TEXAS O6lekasFrv� Ste 160 ltul0g 76Q2 E�4 22 SST:: "6T22 698 y SHEET 2 OF 2 LOT 1, BLOCK A PREVIOLISLY ABANDONED SHAFER PLAZA XXV ADDIT10N CROOKED LANE CAB. A. SLIDE 7472, PRTCT LC = 35.80' _ J CENTERLINE AS ESTABLISHED BY PLAT RECORDED IN CAB. A. SLIDE 4010 ROGER GLENN WILLIAMS VOL, 11852 PAGE 1685 DRTCT PORTION OF CROOKED LANE TO BE ABANDONED 22.778 SO. FT. ,/ 0.523 ACRES PAR -3 PROPERTIES VOL. 152619 PACE 292 OR D = 1'05'48' R = 273.33' L = 52 -94' CD N 37`15'50 F LC = 52.85' 4 1/x IRS 0 T /2' IF C' S, Lp 1/2" IRF v k , f LOT 2R2 L 13 7'28'41' R = 315 -90 L _ 41.36' CD S 44'00'39" w LC 41.33' i t D a 8'29'16" BLOCK 5 r R = 211 -87' = 31.34' CO = S 36'171 40 W ( LC 31.35' LOT 2R1 CORNERSTONE BUSINESS PARK P \� CAB. A SLIDE 6399 LINE - ABLE L1 V37'22'T I'W 30.40' J y, / L2 N40' 16' 18 50.22' L3 N87 18' 28'E 15.88' / L4 S41'50'4-51 19.67' / L5 'S40`16'18'W 50.22' * ! � f, \ LOT 1 BLOCK 5 t \ \ � h . CORNERSTONE BUSINESS PARK r CAB- A SLIDE 4-010 \ t /7' IR � D 12 / R - 393,33' L 63 89' CD = S 37 W LC = 63.78' ,, ` PLACE 9F BEGINNING 1" = 6 0' \ 6 0 . - . &,� G j Dj R ENGINEERS $ CONSULTANTS, INC. ENGWEERS - L AND PLANNERS SURVEYORS EXHIBIT B PORTION OF CROOKED LANE RIGHT -OF -WAY ABANDONMENT SOU TH LAK E, TEXAS 250!3 Texas Drrvp Suite 100 1rvirq, Texas 75Q62 Tel 972 Fax 02 -252- 9958 SHEET 1 CF Q - 5`2ww 6 = 51916" R R - 346.90' Ft 241.87' = CD 9 N 43 E L J5.63' C LC CD = N 36'D1'4D" E L CENTERLINE AS ESTABLISHED BY PLAT RECORDED IN CAB. A. SLIDE 4010 ROGER GLENN WILLIAMS VOL, 11852 PAGE 1685 DRTCT PORTION OF CROOKED LANE TO BE ABANDONED 22.778 SO. FT. ,/ 0.523 ACRES PAR -3 PROPERTIES VOL. 152619 PACE 292 OR D = 1'05'48' R = 273.33' L = 52 -94' CD N 37`15'50 F LC = 52.85' 4 1/x IRS 0 T /2' IF C' S, Lp 1/2" IRF v k , f LOT 2R2 L 13 7'28'41' R = 315 -90 L _ 41.36' CD S 44'00'39" w LC 41.33' i t D a 8'29'16" BLOCK 5 r R = 211 -87' = 31.34' CO = S 36'171 40 W ( LC 31.35' LOT 2R1 CORNERSTONE BUSINESS PARK P \� CAB. A SLIDE 6399 LINE - ABLE L1 V37'22'T I'W 30.40' J y, / L2 N40' 16' 18 50.22' L3 N87 18' 28'E 15.88' / L4 S41'50'4-51 19.67' / L5 'S40`16'18'W 50.22' * ! � f, \ LOT 1 BLOCK 5 t \ \ � h . CORNERSTONE BUSINESS PARK r CAB- A SLIDE 4-010 \ t /7' IR � D 12 / R - 393,33' L 63 89' CD = S 37 W LC = 63.78' ,, ` PLACE 9F BEGINNING 1" = 6 0' \ 6 0 . - . &,� G j Dj R ENGINEERS $ CONSULTANTS, INC. ENGWEERS - L AND PLANNERS SURVEYORS EXHIBIT B PORTION OF CROOKED LANE RIGHT -OF -WAY ABANDONMENT SOU TH LAK E, TEXAS 250!3 Texas Drrvp Suite 100 1rvirq, Texas 75Q62 Tel 972 Fax 02 -252- 9958 SHEET 1 CF CO = S 36'171 40 W ( LC 31.35' LOT 2R1 CORNERSTONE BUSINESS PARK P \� CAB. A SLIDE 6399 LINE - ABLE L1 V37'22'T I'W 30.40' J y, / L2 N40' 16' 18 50.22' L3 N87 18' 28'E 15.88' / L4 S41'50'4-51 19.67' / L5 'S40`16'18'W 50.22' * ! � f, \ LOT 1 BLOCK 5 t \ \ � h . CORNERSTONE BUSINESS PARK r CAB- A SLIDE 4-010 \ t /7' IR � D 12 / R - 393,33' L 63 89' CD = S 37 W LC = 63.78' ,, ` PLACE 9F BEGINNING 1" = 6 0' \ 6 0 . - . &,� G j Dj R ENGINEERS $ CONSULTANTS, INC. ENGWEERS - L AND PLANNERS SURVEYORS EXHIBIT B PORTION OF CROOKED LANE RIGHT -OF -WAY ABANDONMENT SOU TH LAK E, TEXAS 250!3 Texas Drrvp Suite 100 1rvirq, Texas 75Q62 Tel 972 Fax 02 -252- 9958 SHEET 1 CF