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Item 7A Quitclaim 2QUITCLAIM 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: Par -3 Properties, L.L.C. 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: COMMENCING 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 plot 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 37' 22' 11" W, with said right -of —way line, a distance of 30.40 feet, to the centerline of Crooked Lane; the PLACE OF BEGINNING; THENCE N 37' 22' 11" W, with said right —of -way line, a distance of 37.99 feet, to the southerly southwest corner of all that certain tract of land conveyed to Par -3 Properties, according to the deed thereof recorded in Volume 15268, Page 292 of the Deed Records of .Tarrant County, Texas; THENCE S 87' 48' 39" E, with the south line of said tract, and the existing right —of —way line of Crooked Lane, . a distance of 12.72 feet, to a 1/2" iron rod found 'for an angle point; THENCE .N 41' 39' 55 E, with the southeast line of said Par -3 Tract, and the existing right —of —way line of Crooked Lane, a distance of 46.34 feet, to a 1/2" iron pipe found for an angle point; THENCE N 31' 18' 46" E, continuing with said southeast line, and existing right —of —way line, at a distance of 115.88 feet, to a 1/2" iron rod found in the south line of all that certain tract of land conveyed to Roger Glenn Williams, according to the deed thereof recorded in Volume 11862, Page 1685 of the Deed Records of Tarrant County, Texas; THENCE N 89' 56' 13" E, departing said existing right —of —way line, a distance of 26.55 feet, to the centerline of Crooked Lane; THENCE S 31' 47' 02" W, with said centerline, a distance of 142.73 feet, to the beginning of a curve to the right, having a radius of 273.33 feet, a central angle of 11" 05' 48 ", and a long chord of S 37' 19' 56" W, 52.85 feet; THENCE SOUTHWESTERLY, with said curve, an arc distance of 52.94 feet, to the PLACE OF BEGINNING, and containing a calculated area of 4,324 square feet or 0.099 acres of land. EXHIBIT A PORTION OF CROOKED LANE RIGHT- OF -WAY ABANDONMENT SOUTHLAKE, TEXAS SHEET 1 OF 1 LOT 1, BLOCK A PREVIOUSLY ABANDONED SHAFER PLAZA XXV ADDITION CROOKED LANE CAB. A, SLIDE 7972, PRTCT --" LOT 2R2 CENTE:WNE AS ESTABLISHED BY PLAT RECORDED IN CAB, A, SURE 4010 ROGER GLENN WILUAMS VDL. 111362 PAG€ 1585 DRTCT PORTION OF CROOKED LANE TO BE ABANDONM 22,775 SQ. FT. / 0.523 ACRES Je. ^o off t \ BLOCK 5 1/2" IRF L4 \ \ \ /,C-� \ LOT 2Ri PAR -3 (PROPERTIES 4a w ,"�"� \ '\ CORNERSTONE B,U51NE5S PARK VOL. 15265 PACE 292 DRTCT � �� � � f \ \ CAB. A SLIDE 6399 d " °° �• f \ r \ LINE TABLE x41 [ \\ L1 N3722'1 1 "W 30,40' \ 1-2 N3722'111M 37,99' 7 �` \ L3 N4T °39'55 'E 46.34' S$T "39 "E 12.72' $ \ L4 N69'56'13 'E 26.55' !� LDT 1 BLOCK 5 \\ \\ } CORNERSTONE BUSIN PARS{ \ �` CAB A SLIDE 4010 i \ i /2" IRS 0 1 /2" IRS 1 " R 6 = I1'05'4a R 273.33' \ L a 52.94' \— CD 5 37 w \ LC = $3.85' } PLACE OF BEGINNING 1 Q PLACE OF COMMENCING 60' j Dj R ENG NEERS & CONSULTANTS, INC- ENG ERS - LAND PLANNER$ SUR'VEYOnS__ ' 2504 texas Drive 5wie 140 living, TW6 76002 Tab 972 .262-6367 Fax 972-2521055 EXHIBIT B PORTION OF CROOKED LANE RIGHT — —WAY ABANDONMENT SOUTH LAKE, TEXAS SHEET I 'C;