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T. Mahan Survey, Abstract No. 1049 (Lot 7) - ROW OFFICIAL RECORD CONTRACT OF SALE STATE OF TEXAS § COUNTY OF TARRANT § THIS CONTRACT OF SALE is niade by and between Vision Southlake Development, LLC of Tarrant County Texas, (referred to in this Contract as "Seller ") and the City of Southlake, a home rule municipal corporation in Tarrant County, Texas, (referred to in this Contract as "Purchaser "). ARTICLE I. PURCHASE AND SALE By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, a tract of land situated in Tarrant County, Texas, which is more particularly described as follows: a 0.145 acre parcel of land located in the T. MAHAN SURVEY, Abstract No. 1049, in the City of Southlake, Tarrant County, Texas, and being more particularly described by metes and bounds in. Exhibit "A ", attached hereto and incorporated herein for all . purposes, and being more particularly shown on a survey drawing marked Exhibit "B ", attached hereto and incorporated herein for all purposes together with all and singular the rights and appurtenances pertaining thereto, including any right, title and interest of Seller in and to adjacent streets, alleys or rights -of -way (all of such real property, rights, and appurtenances being referred to in this Contact as the "Property "), together with any improvements and fixtures, situated on and attached to the Property; provided, however, Seller and Seller's heirs, successors, and assigns forever, reserve all oil, gas, and other minerals in and under and that may be produced from the Property. If the mineral estate is subject to existing production or an existing lease, this reservation includes the production, the lease, and all benefits from it. Such mineral reservation shall be included in the Permanent Right of Way. For no additional consideration, Seller further agrees to grant to Purchaser a Temporary Construction Easement which shall be ten feet wide, adjacent and parallel to the right -of -way of the Property as shown on Exhibit "B" attached hereto, which Temporary Construction Easement shall be in the form shown on Exhibit "B" which is attached hereto. This Contract is made for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE H. PURCHASE PRICE The purchase price for the Property shall be SIXTY -FIVE THOUSAND ONE HUNDRED FORTY -SIX AND 00 /100 DOLLARS ($65, 146.00) cash, and will include the reconstruction of the existing driveway, but will not include the replacement of the existing fence on the property. Page 1 T/4 4›. ARTICLE III. EARNEST MONEY 4200:00 has been tendered by Purchaser to the Seller with this Contract. Purchaser Nrir. 1 deliver this amount (the "Escrow Deposit ") to Rattikin Title Company, 112 State Street, '''11S Suite 200, Southlake, Texas (the "Title Company" or "Escrow Agent "). The Escrow Deposit shall be credited towards the cash portion of the sales price at Closing; provided, however, that in the event the Purchaser shall have given written notice to the Title Company that one or more of the conditions to its obligations set forth in Article VI have not been met, or, in the opinion of Purchaser, cannot be satisfied, in the manner and as provided for in Article IV, then the Escrow Agent shall return the Escrow Deposit to Purchaser. ARTICLE N. PURCHASER'S RIGHTS AND OBLIGATIONS 4.01 Preliminary Title Report. Within twenty (20) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have the Title Company issue a preliminary title report (the "Title Report") accompanied by copies of all recorded documents relating to easements, rights -of -way, etc., affecting the Property. Purchaser shall give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the Title Report that the condition of title as set forth in the title binder is or is not satisfactory, and in the event Purchaser states that any conditions are not satisfactory, Seller shall promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller chooses not to do so or is unable to do so within twenty (20) days after receipt of written notice, this Contract shall thereupon be null and void for all purposes. If written notice is not received by Seller within the 20 day period, all conditions shall be deemed to be acceptable and any objection thereto shall be deemed to have been waived for all purposes. 4.02 Survey. Attached as Exhibit "I3" is a copy of the survey that Purchaser caused to be prepared for Property. 4.03 New Surveys and Tests. Within ten (10) days after the date of execution, Seller shall provide to Purchaser a copy of any environmental site assessment that Seller has caused to be prepared for the Property, or that Seller has received. Within 20 (twenty) days after the date of execution, Purchaser is granted the right to conduct an environmental and engineering survey and feasibility study of the Property at Purchaser's sole cost and expense, and in this connection Purchaser or Purchaser's designated agents may enter upon the Property for purposes of soil analysis, core drilling, or other tests which may be deemed necessary to Purchaser or Purchaser's engineer. If Purchaser determines, in Purchaser's sole judgment, that the Property is not suitable for the intended purposes, then and in this event, Purchaser may, on written notice to Seller within twenty (20) days after receipt of survey, terminate this Contract and it shall be null and void for all purposes. If the written notice is not received within this twenty (20) day period, the condition shall be deemed to be acceptable and any objection thereto shall be deemed to have been waived for all purposes. 4.04 Property Condition. Within twenty (20) days after the date of execution, Purchaser may have the property and facilities inspected by an inspector permitted by law to make such inspections. Seller shall permit access to the property at reasonable times for inspection, repairs, and treatment and for reinspection after repairs and treatment have been completed. Page 2 Purchaser will have twenty (20) days after receipt of the inspection report to review and approve same. In the event any portion of the inspection report is unacceptable to Purchaser, then Purchaser shall, within the twenty (20) day period, give Seller written notice of this fact. Unless otherwise agreed by Seller and Purchaser, Seller shall, complete all agreed repairs and treatment prior to the Closing Date. If Seller fails to complete any agreed repairs and treatment prior to Closing Date, Purchaser may terminate this Contract and the Contract shall thereupon be null and void for all purposes. Purchaser's failure to give Seller this written notice shall be deemed to be Purchaser's acceptance of the property in its current condition. ARTICLE V. REPRESENTATIONS AND WARRANTIES OF SELLER Seller, to its current actual knowledge, hereby represents and warrants to Purchaser as follows, which representations and warranties shall be deemed made by Seller to Purchaser also as of the Closing Date: (1) Seller is the sole owner of the Property and has the right and ability to convey good and marketable title in fee simple to the Property to Purchaser without the approval or participation of any other person and free and clear of any and all liens, encumbrances, conditions, assessments and restrictions. (2) During Seller's ownership of the Property (1) no excavation of the Property occurred, (2) no landfill was deposited on or taken from the Property, (3) no construction debris or other debris (including, without limitation, rocks, stumps, and concrete) was buried upon the Property, and (4) no toxic waste or "hazardous substances" as that term is defined in the Comprehensive Environmental Response, Compensation and Liability Act of 1988, or petroleum products and derivatives thereof, were deposited on the Property. Seller further represents and warrants that, to its current actual knowledge, none of the foregoing occurred on the Property prior to Seller's ownership of the Property. (3) That there are no real estate brokers', agents' or finders' fees or commissions due arising in connection with the execution of this Contract or from the consummation of the sale contemplated herein. This representation and warranty shall survive closing. ARTICLE VL CLOSING 6411li 6.01 Closing Date. The closing shall be held on [Q ?r , 2010, at the Title Company 11 11M7 date is herein referred to as the "Closing Date "). I VO 6.02 Conditions at Closing. The closing and Purchaser's obligations under this Agreement to purchase the Property are expressly conditioned on: tTP,g (1) Seller's delivery to Purchaser a duly executed and aclmowledged kate ,% 1 h Permanent Right of Way in the form attached hereto as Exhibit "C" conveying to Purchaser a permanent right -of- way on the Property, free and clear of any and all HESS Paste 3 liens, encumbrances, conditions, assessments, and restrictions other than as provided in this Contract. (2) Seller's delivery to Purchaser of a duly executed and acknowledged Temporary Construction Easement in the form attached hereto as Exhibit "D ". (3) Delivery to Purchaser, at Purchaser's sole expense, of a Texas Owner's Title Policy, issued by the Title Company in the full amount of the purchase price, insuring Purchaser's permanent right-of-way on the Property, subject only to those title exceptions listed in this Article VI, if any, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Title Policy, provided, however: (a) The boundary and survey exceptions shall be deleted; (b) The exception as to restrictive covenants shall be endorsed "None of Record"; and (c) The exception as to the lien for taxes shall be limited to the year of closing and shall be endorsed "Not Yet Due and Payable." (3) Seller's execution of such documents and instruments reasonably requested by the title company to consummate the transactions contemplated herein. (4) Delivery to Purchaser of possession of the Property. 6.03 Failure of Conditions. Should any of the conditions specified in Paragraph 6.02 of this Contract fail to occur within twenty (20) days after the establishment of Closing as provided in Paragraph 6.01 of this Contract, Purchaser shall have the power, exercisable by written notice to Seller, to cancel the closing, terminate this Contract, and recover any amounts paid by Purchaser to Seller or to the Title Company on account of the purchase price of the Property. The exercise of this power by Purchaser shall not, however, constitute a waiver of any other rights Purchaser may have against Seller for breach of this Agreement. The Title Company (Escrow Agent) shall be and is hereby irrevocably instructed by Seller on any such failure of condition and receipt of such notice from Purchaser by it to immediately refund to Purchaser all monies and instruments deposited by Purchaser pursuant to this Contract. 6.04 Prorations. Any assessments against the Property as of the Closing Date shall be paid. by Seller on or before the closing. General real estate taxes for the then current year relating to the Property, interest on any existing indebtedness, and rents if any, shall be prorated as of the closing date and shall be adjusted in cash at the closing. in the event any roll back or other deferred taxes exist which are retroactive to the period of Seller's ownership of the Property or any time prior thereto pursuant to a change in zoning, use, ownership or otherwise, such retroactive taxes shall remain the obligation of Purchaser. This provision shall survive the closing. 6.05 Closing Costs. All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: Page 4 Owner's Title Policy paid by Purchaser Survey paid by Purchaser Environmental and Engineering Survey, if any, paid by Purchaser Inspection Reports, if any, paid by Purchaser Filing fees paid by Purchaser Attorney's fees paid by the party incurring same ARTICLE VII. REAL ESTATE COMMISSIONS Seller shall pay, at Seller's sole cost and expense, any commissions or brokerage fees associated with this Contract which are owed by Seller. Seller agrees to indemnify and hold the City harmless from claims made by any person for any such fees, commission or like compensation claiming to have dealt with the Seller. ARTICLE VIII. BREACH BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property for any reason, except because of Purchaser's termination of this Contract or because of Purchaser's default, Purchaser may either terminate the Contract, enforce specific performance of the Contract, or seek other remedies available at law, in equity, or by statute. Seller's failure to satisfy Purchaser's objections under Article VI shall constitute a default by Seller. ARTICLE IX. BREACH BY PURCHASER If Purchaser shall fail to consummate this Contract for any reason, except Seller's default or the termination of this Contr act pursuant to a right to terminate given herein, Purchaser shall be in default and Seller may at its sole and exclusive remedy have the Escrow Deposit paid to Seller as liquidated damages for the breach of Contract thereby releasing Purchaser from this Contract. ARTICLE X. MISCELLANEOUS 10.01 Effective Date. The effective date of this Contract will be the date the Iast party executes the contract. 10.02 Survival of Covenants. Any of the representations, warranties, covenants, and contracts of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing date of the transactions contemplated hereby shall survive the closing. 10.03 Notices. Any notice required or permitted to be delivered hereunder shall be deemed received when sent by certified United States mail, postage prepaid, return receipt requested, addressed to Seller or Purchaser, as the case may be, at the address set forth below the signature of the party hereunder. Page 5 10.04 .. Texas Law to Apply. This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Tarrant County Texas. 10.05 Parties Bound. This Contract shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Contract. 10.06 Legal Construction. In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, this invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. 10.07 Gender. Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. 10.08 Time. In this Contract, time is of the essence and compliance with the times for performance is required. 10.09 Attorneys Fees. The prevailing party in the adjudication of any proceeding relating to this Agreement shall be authorized to recover its reasonable and necessary attorney's fees pursuant to Sec. 271.159 of the Texas Local Government Code. EXECUTED this ft's day of .5c-- tee -, , 2010. . SELLER: PURCHASER: CITY OF SOUTHLAKE, TEXAS -#11; / // By Vi ton Southlake Development, LLC John Terrell, M 600 North Kimball Avenue 1400 Main Street Southlake, Texas 76092 Southlake, Texas 76092 Page 6 ACKNOWLEDGMENTS STATE OF TEXAS § § COUNTY OF TARRANT § Before me, the undersigned authority in and for the State of Texas, on this day personally appeared David Keener, known to me (or proved to me on the oath of or through f 5(rL o 7'{ ,KX -- [description of identity card or other document]) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed. . . 1 N UNDER MY HAND AND SEAL OF OFFICE, this the /r day of , J - , 2010. d 1 �,8Y DOe, CHRISTOPHER DANIEL RANEY ` Z z ? � i_ Notary Public. State of Texas Notary Pub c in and fo �� - My Commission ex The State of Texas • 1 %40 June 03 20 My Commission Expires: 4,-%4 , ,Ii,� kah �'� Typed or Print { d Name of Nary Jaffe 03, z /e, STATE OF TEXAS § COUNTY OF TARRANT § Before me, the undersigned authority in and for said County, Texas, on this day personally appeared John Terrell, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he is the Mayor of the City of Southlake, Texas and is duly authorized to execute this Contract for the purposes and consideration therein expressed. S'f GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the 2 J day of Sep - e,v> €" , 2010. Gt Notary Public in an for The State of Texas My p M Commission Expires: t0- Z - t3 Lrc Pail 14. e._ `\ „,,tuniut,,,,,Typed or Printed ame of Notary R\ PAY& /// � p 6 - .. S It OF b 10-27-2P ` ``�' Page 7 � inttiltttltt���� NOTICE:OF .CONFIDENTIALIT Y.RIGHTS:.IFYOU AREA NATURAL, PERSON, YOU MAY REMOVE OR STRIKE ANY 'OF THE•FOLLOWING INFORMATION FRONT THIS INSTRUMENT BEFORE IT IS `FILED FOR RECORD IN THE PUBLIC (RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. CITY OF SOUTHLAKE PERMANENT' RIGHT =OF -WAY THE STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS COUNTY OF TARRANT THAT, VISION ••SOUTHLAKE DEVELOPMENT LLC., acting by and through the undersigned, `their duly •authorized .representative, of the' County of Tarrant, State of Texas, for and in consideration of (ENE DOLLAR, and 'Other good and valuable considerations paid by the City of Southlake, a municipal corporation of Tarrant County. Texas, receipt of which is hereby acknowledged, does hereby grant, bargain and convey to said City, its successors and assigns, a permanent right -of -way and the right to construct, reconstruct and perpetually maintain a public street and/or drainage facilities and utilities, together with all necessary appurtenances thereto, and with the right and privilege at any and all times, to enter said premises, or any part thereof, as is necessary to the proper use of any other right granted herein, and for the purpose of constructing, reconstructing and maintaining said public street and /or drainage facilities and utilities, and for making connections therewith, in, upon and across that certain tract or parcel of land in Tarrant County, Texas, being described as follows: EXHIBITS "A" and "B ", attached hereto and made a part hereof. TO HAVE AND TO HOLD that said conveyed property unto the Grantee for the purposes herein set forth, Grantor hereby binds itself, its successors and assigns, to warrant and forever defend the said conveyed property and rights granted herein unto 'Grantee, its successors and assigns every person whomsoever lawfully claiming or to claim the same or any part thereof. WITNESS MY HAND, this the day of , 2010. VISION SOUTHLAKE DEVELOPMENT LLC. STATE OF TEXAS COUNTY OF TARRANT BEFORE ME, the undersigned authority, in and for said County, on this day personally appeared . ... • • known to me to be the person whose na.me is subscribed to the foregoing instrument, .and acknowledged to me that s /he executed the same for the purposes and considerations therein expressed, and in the capacity therein stated. GIVEN UNDER MY HAND AND •SEAL•OF OFFICE, this the day of , 2010. Notary Public in and for The State of Texas Commission Expires: • PARCEL -NO.7 • G DOCIKIMBALL- LEGAL% PROw7Cover EXHIBIT "A" LEGAL- DESCRIPTION PERMANENT: RIGHT -OF -WAY NORTH KIMBALL AVENUE; STATE HIGHWAY 114 TO DOVE ROAD PARCEL 7 BEING 0.145 acre of and located in the T. Mahan Survey, Abstract No. 1049, Southlake, Tarrant County, Texas, and being a portion of the tract of land designated as Tract 11 in the deed to Vision Southlake Development, LLC recorded in County Clerk's File No. D209248143 of the Deed Records of Tarrant County, Texas, and a portion of the tract of land conveyed to Vision Southlake Development, LLC by the deed recorded in County Clerk's File No. D207191108 of the Deed Records of Tarrant County, Texas. Said 0.145 acre of land being more particularly described by metes and bounds as follows: BEGINNING at a 5/8" iron rod found at the most Northerly corner of said Tract II, and said POINT OF BEGINNING being the intersection of the existing West right -of -way line of North Kimball Avenue with the South right -of -way line of Kirkwood Boulevard; THENCE along the East boundary line of said Vision Southlake Tracts and the existing West right -of -way line of said North Kimball Avenue as follows; 1. S 44° 56' 34" E 48.22 feet, to a point; 2. S 00° 45' 34" E 40.03 feet, to a ''/2" iron rod found at the Southeast comer of said Tract II; 3. N 89° 53' 28 " E 7.20 .feet, to a '' /2 iron rod found at the Northeast corner of said Vision Southlake tract. recorded in C.C. No. D207191108; 4. S 00° 49' 52" E 205.30 feet, to a point; THENCE S 89° 12' 53" W 22.17 feet, to a 1/2" iron rod marked "Brittain & Crawford ", set in the new West right -of -way line of said North Kimball Avenue; THENCE along the new West right -of -way line of said North Kimball Avenue as follows; 1, N 00° 49' 31" W 233.26 feet, to a' /2" iron rod marked "Brittain & Crawford ", set; 2. N 51 34' 54" W 63.26 feet, to a %z" iron rod marked °Brittain & Crawford ", set in the North boundary line of aforesaid Tract I1,.and the South right -of -way line of said Kirkwood Boulevard; THENCE NORTHEASTERLY 31.16 feet, along the North Boundary line of said Tract II, with a curve to the right having a radius of 550_00 feet, a central angle of 03 °14'46 ", and a chord bearing N 76° 40' 47" E 31.16 feet, to the POINT OF BEGINNING containing 0.145 acre (6,301 square feet) of land. G: doc \k im ba I I- legals\prow7 POINT OF BEIGIN1 A= 03 °14'46" 5 /8" IRON ROD FO D R= 550.00' MOST NORTH 'LY ORN R OF TRA. 11 L= 31.16' S 44'5 '3 "E LC= N 76 °40'47 "E ' =. 2' /moo® 31.16 ' - - - 4, S QQ° 5'34 "E y��'V 1/2 IRS s7 O , 4 .03' �� „- VISION .SOUTHLAKE $ `� ?sS�, °53'28 "E DEVELOPMENT, LLC.. yy • c 1 7,20 TRACT .II CC No. 0209248143 1/2" IRS I D.R.T.C.T. 1 1 2” RON OD FOUND — 1/2" IRON ROD FOUND I llir 1 PERMANENT RIGHT -OF -WAY 1 I ( �S' 0.145' ACRE / ` 6,301 SQ.FT. 1 5 �� ! io Fi 4 ". IN = g 4 . !M a 1 Z I 104 - J O o 4 1 3 4 N , VISION SOUTHLAKE o I --I ' DEVELOPMENT, LLC. P. ° 8 w a 1 m b`ti C.C. No. 0207191108 ; - 1 ��� D.R.T.C.T. ! �- DC 1 - Y 'Pc" 1 In I Z 1 10' TEMPORARY CONSTRUCTION EASEMENT, 0.054 ACRE C 1 - 2,373 S0.Ff. 1� I 1 1 1 1/2" IRS LI , al rl LOT 2, BLOCK 1, KIMBALL LAKES OFFICE PARK CC No. 0209037493, D.R.T.C.T. S 89 °12'53 "W � cn SURVEYED ON 114E GROUND 22.17' MAY 26, 2010 / i, lq �` q \ \ i r JAMES L BRITTAIN _ r &NIESi L BRIffilnl � f y , sy REGISTERED .. PROPERTY CORNER NOTE : PROFESSICNN +i . �y LAND SURVEYOR - SURN STATE OF TEXAS NO. ALL PROPERTY CORNERS SET ARE 1/2" !RON RODS - 1874 �. - WITH CAP MARKED "BRI'lTAIN & CRAWFORD" 1 1 e t CITY 0 f SO U 1400 MAIN STREET, SOUTHLAKE, TEXAS, 76092 NORTH KIMBALL AVENUE, S.H. 114 TO DOVE ROAD EXHIBIT "B" Rn'rm &Cuwgoiw PERMANENT RIGHT —OF —WAY B Y g LAND suaVEvlNC & 0.145 ACRE OF LAND n z II ,POGR HIC MAPPING LOCATED THE <"fl ate i (amin-o +Ee -errs FAK Ma < „ n e�.,w T. MAHAN SURVEY 11 . F.O. ODE I IRT4 • RON =TM FREERf ABSTRACT No. 1049 Fa+r WIT% ,F]Me 781 10 °wii °'" SOUTHLAKE, TARRANT COUNTY, \KIM94lLvRON -7, TEXAS SCALE 1 "= 40' - TEMPORARY CONSTRUCTION EASEMENT VISION SSOUTHLAKE DEVELOPMENT, LLC TO THE.CITY OF.SOUTHLAKE TARRANT COUNTY, TEXAS Being the owner of the above referenced property, I (we) hereby grant to the City of Southlake, and to the Contractor, a temporary construction easement through a portion of a tract of and conveyed to Vision Southlake•Development, LLC by the deed recorded in County Clerk's File No. 0207191108 of the Deed Records of Tarrant County, Texas for the purposes of constructing necessary roadway facilities. The temporary construction easement shall be 10 feet wide and shall be West of and parallel to the Permanent Right -of -Way Line•shownOh Exhibit "B" attached hereto. It is understood that during construction, the Contractor will of necessity require the temporary construction easement to accommodate movement of equipment for handling and placement of piping and supplies, but only as may be necessary, and in no case shall the Contractor permit equipment to become in contact with, or damage existing buildings or other permanent lot improvements. It is further understood that the Contractor shall be required by the City to restore all areas of the lot, relative to fencing, structures, and other improvements to pre - existing conditions, or better. The above granted permission shall expire and further activities limited to the permanent utility easement of record upon final acceptance by the City of the Contractor's work. Permission and access granted this, the day of , 2010. OWNER(s) (Printed Name) OWNER(s) (Signature) OWNER(s) (Printed Name) OWNER(s) (Signature) ACKNOWLEDGEMENT THE STATE OF TEXAS COUNTY OF TARRANT BEFORE ME, the undersigned authority in and for Tarrant County, Texas, on this day personally appeared , known to me or proved to me through (description of identity card or other document), to be the same person whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of , 2010. NOTARY SEAL Notary Public, State of Texas • Notary's Name (Printed) • Notary's Commission Expires • AFTER EXECUTION BY OWNER, PLEASE RETURN ORIGINAL TO: CITY OF SOUTHLAKE do Public Works Department 1400 Main Street, Suite 230 Southlake, Texas 76092 Phone: 817 - 748 -8089 PARCEL NO. 7 Fax: 817 - 748 -8077 RTC t O pc�T15ca �CIAL RECORD NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER AFL.YOUR DRIVER'S LICENSE NUMBER. CITY OF SOUTHLAKE DEED THE STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS COUNTY OF TARRANT THAT, VISION SOUTHLAKE DEVELOPMENT LLC., acting by and through the undersigned, their duly authorized representative, of the County of Tarrant, State of Texas, for and in consideration of ONE DOLLAR, and other good and valuable considerations paid by the City of Southlake, a municipal corporation of Tarrant County, Texas, receipt of which is hereby acknowledged, does hereby grant, bargain and convey to said City, its successors and assigns, that certain tract or parcel of land in Tarrant County, Texas, being described as follows: EXHIBITS "A" and "B ", attached hereto and made a part hereof. Grantor hereby reserves and retains for itself, its legal representatives, successors and assigns forever, all of Grantor's interest in the oil, gas, and other minerals in and under and that may be produced from the Property (collectively, the "Oil and Gas "); provided, however, not included within the definition of Oil and Gas are minerals that form a part of the soil or surface such as sand, iron ore, gravel, uranium or limestone. Grantor waives and relinquishes any use of the surface of the Property for any reason, including without limitation, the right to enter upon the Property, the exploration and /or removal of such Oil and Gas, and the right to place or maintain any structures, improvements, equipment or pipelines in, on, under or across the Property or to install any fixtures or facilities on the surface of the Property. Notwithstanding the foregoing, such surface use waiver does not prohibit subterranean underground directional drilling activities under the Property that begin upon and are conducted from the surface of real property other than the Property, provided that such drilling activities at all times are sufficiently below the surface of the Property as to not interfere with or disturb in any manner the present or future use to which Grantee or Grantee's successors and assigns may desire to devote the Property; provided, however, in no event shall the directional drilling or sub - surface activities be at depths less than five hundred (500) feet below the overlying surface of the Property. Grantor, and Grantor's successors and assigns, shall be responsible for any damages to the Property and any improvements from time to time located on the Property caused by Grantor's reservation of such minerals. TO HAVE AND TO HOLD that said conveyed property unto the Grantee for the purposes herein set forth, Grantor hereby binds itself, its successors and assigns, to warrant and forever defend the said conveyed property and rights granted herein unto Grantee, its successors and assigns every person whomsoever lawfully claiming or to claim the same or any part thereof. WITNESS MY HAND, this the da` day of t/xi -- , 2010. Vision Southlake Development, L.L.0 a Texas limited liability company By: (Av LI Ran I White, Jr, Member' Steve Paulsen Properties, Ltd a Texas limited partnership, member By: Steve ulsen Property Management, LLC Its ge ral partner By: Steve Paulsen, Member By: Davtra Holdings, L. P. A Delaware limited partnership, member B Qcv - G,. "-h\le5 -ki Its general partner I By: •►��' 7 David Keener , ?�� , . Da ULOWOJJ STATE OF Texas COUNTY OF Tarrant This instrument was acknowledged before me on 10/22/10 by Lloyd Randall White, Jr., as the Member, of Vision Southlake Development, LLC, a Texas corporation, on behalf of sai b oiyoration. *1 pRY7 D.E. HOOVER III Notary Public My commission expires: : * A STATE Oc TEXAS I*iy Comm. Exi.10 /3'i/ 011 (SEAL) STATE OF Texas COUNTY OF Tarrant This instrument was acknowledged before me on 10/22/10 by Steve Paulsen, Alt-a,, of Steve Paulsen Property Management, LLC, general partner of Steve Paulsen Properties, Ltd as the Member, of Vision Southlake Development, LLC, a Texas corporation, on behalf of said corporation. i ` y I ten (404.--- ��pAYPt/@ MONICA PADEN My commission expires: * -�1� * Notary Public, State of Texas ri. My Commission Expires (SEAL) � ).0 *Py � 08 -14 -2013 STATE OF Texas COUNTY OF Tarrant This instrument was acknowledged before me on 10/22/10 by David Keener, d>" of ail- S (lJ general partner of Davtra Holding, L.P. as the Member, of Vision Development, LLC, a Texas corporation, on behalf of said corporation. cv --- --------- r ccsYZ 3 ,'1 < WILL _IAMS My commission expires: ".,-- Not x° t public ¢ `.f i 1 2 f IA r . Of- . TEA,A Ii (SEAL) ° ' ''' , � -_ -'e/ � x s1. 141131201 2102101003 7 P. 2 0'5 EXHIBIT A LEGAL DESCRIPTION PERMANENT RIGHT- OF-WAY NORTH KIMBALL AVENUE, STATE HIGHWAY 114 TO DOVE ROAD PARCEL 7 BEING 0.145 acre of land located in the T. Mahan Survey, Abstract No. 1049, Southlake, Tarrant County, Texas, and being a portion of the tract of land designated as Tract II in the deed lo Vision Southlake Development, LLC recorded in County Clerk's File No. 0209248143 of the Deed Records of Tarrant County, Texas, and a portion of the tract of land conveyed to Vision Southlake Development. LLC by the deed recorded in County Clerk's File No. D207191108 of the Deed Records of Tarrant County, Texas. Said 0.145 acre of land being more particularly described by metes and bounds as follows: BEGINNING at a 5/8" iron rod found at the most Northerly comer of said Tract II, and said POINT OF BEGINNING being the intersection of the existing West right -of -way line of North Kimball Avenue with the South right -of -way line of Kirkwood Boulevard; THENCE along the East boundary line of said Vision Southlake Tracts and the existing West right -of -way line of said North Kimbaf Avenue as follows; 1. S 44 56' 34' E 48.22 feet, to a point; 2. S 00 45' 34" E 40.03 feet, to a W iron rod found at the Southeast comer of said Tract II; 3. N 89' 53' 28' E 7.20 feet, to a W iron rod found at the Northeast comer of said Vision Southlake tract, recorded in C.C. No. D207191108; 4. 8 00° 49' 52" E 205.30 feet, to a point; THENCE S 89' 12' 53' W 22.17 feet. to a 1/2' iron rod marked 'Brittain & Crawford ", set in the new West right -of -way line of said North Kimball Avenue; THENCE along the new West right -of -way line of said North Kimball Avenue as follows; 1. N 00' 49' 31" W 233.28 feet, to a W iron rod marked 'Brittaln & Crawford', set; 2. N 51' 34' 54" W 63.26 feet, to a W Iron rod marked 'Brittain & Crawford', set in the North boundary line of aforesaid Tract II, and the South right -of -way line of said Kirkwood Boulevard; THENCE NORTHEASTERLY 31.18 feet, along the North Boundary line of said Tract 11, with a curve to the right having a radius of 550.00 feet, a central angle of 03 °14'46', and a chord bearing N 76' 40' 47" E 31.16 feet, to the POINT OF BEGINNING containing 0.145 acre (6,301 square feet) of land. NOTE: THE COMPANY DOES NOT REPRESENT THAT THE ABOVE ACREAGE OR SQUARE FOOTAGE CALCULATIONS ARE CORRECT. b2102/DW.)37 gy p. 3 b 5 SEP -23 - 2010 15:17 Katt1Kin litie wmfrnuy POINT OF R B�GIN ING , = . 03 °14'46" R= 550.00' Mosr • - 2 LY roRN • OF L= 31.16' S 44 5€'3 'E LC= N 76 °40'47 "E .22' V 31.16 ` 4 / S 00° 5'34 "E 400 1 / 2 " RS • ° A. 41.03' %- - ,V,. VISION SOUTHLAKE 6� is , V ; '28 "E DEVELTORPMEN , LLC. � 4 7 20' CC No. 0209248143 1/2" IRS I D.R.T.C.T. 1 1 2" RON ••D FOUND 1/2" IRON ROD FOU II 1 1 PERMANENT RIGHT -OF -WAY' J 0.145 ACRE / 6.301 SOFT. � I , GP I IN M y O IZ N z w Y'1 eg , > Z 0 14 1 y N VISION SOUTHLAKE 3 3 DEVELOPMENT, LLC. F. ! - w 1 m ` C.C. No. D207191108 r le 1 Y ,c A D.R.T.C.T 4� P In 't H 46 z 0 li 4 0 (f/ Z I 1 10' TEMPORARY CONSTRUCTION EASEMENT, 0.054 ACRE — 2.373 SO.FT. � � r I I ^� ... � 1 / 2 1 I _ — f i I f LOT 2. BLOCK 1, KIMBALL LAKES OFFICE PARK CC ND. D209037493. D.R.T.C.T. 5 89 °12'53 "W N sumo ON THE °NOM 22.17' INN 242010 = it ' i h! . JAMES - BWTTAIN , JAMES L INTI M ', f7. 1674 ie I�SIEMD PIIOIE!l011� � p .� ' ". . , PROPERTY CORNER NOTE LAND . . . - SW sat= E OF 1DfAS N0. 1174 , SU . SAT ALL PROPERTY CORNERS SET ARE 1/2 IRON RODS WITH CAP MARKED "BRRTAIN le CRAWFORD" 1 @ I CITY OF SOUTHLAKE . 1400 MAIN STREET, SOUTHLAKE, TEXAS, 76092 NORTH KIMBALL AVENUE, S.H. 114 TO DOVE ROAD EXHIBIT "B" BBrrrAIx C R PERMANENT RIG -OF - WAY • 0 ACRE OF LAND ^"C " t ;,I LOCATED THE 4 .... t•' *l ••1Q1 . ° T. MAHAN SURVEY FM lb. • ° ° '' ^' -'°""""'CEIN" ABSTRACT No. 1049 ma' VOTTPI. WIN VP 10 SOUTHLAKE, TARRANT COUNTY. SCALE t 40' \ v ,�, -, TEXAS • 12102101x037 p. 145 SUZANNE HENDERSON .. = •�•w. COUNTY CLERK 100 West Weatherford Fort Worth, TX 76196 -0401 "• PHONE (817) 884 -1195 RATTIKIN TITLE 201 MAIN ST STE 800 FT WORTH, TX 76102 Submitter: RATTIKIN TITLE DO NOT DESTROY WARNING - THIS IS PART OF THE OFFICIAL RECORD, Filed For Registration: 10/27/2010 1:14 PM Instrument #: D210266037 D 5 PGS $28.00 By:_ D210266037 ANY PROVISION WHICH RESTRICTS THE SALE, RENTAL OR USE OF THE DESCRIBED REAL PROPERTY BECAUSE OF COLOR OR RACE IS INVALID AND UNENFORCEABLE UNDER FEDERAL LAW. Prepared by: VMMASSINGILL