HomeMy WebLinkAboutPR 13406: SOUTHWOOD CROSSINGinteroffice
MEM0 ANDUM
TO: Mayor, City Council, and City Manager
From: Mark T. Sokolow, City Attorney /~j~¥ ~F.
Date: February 3, 2006
Subject: P. R. 13406; Joint EDC/Special Council Meeting
February 7, 2006
Attached is P. R. No. 13406 establishing a Neighborhood
Empowerment Zone under Chapter 378 of the Local Government Code
and approving an Incentive Agreement with One Southwood Crossing,
LP.
MTS:gt
Attachment
CC: VIA FACSIMILE (409) 721-6603
Mr. K. T. Akbari
ICON BUILDERS, INC.
2901 Turtle Creek Drive
Port Arthur, Texas 77642
z.pr13406.memo
P. R. No. 13406
02/03/06 ts
REg0LUTION NO.
A RESOLUTION EgTABLISHIN~ A NEIGHBORHOOD
EMPOWERMENT ZONE UNDER CHAPTER 378 OF THE
LOCAL GOVERNMENT CODE AND APPROVING AN
INCENTIVE AGREEMENT WITH ONE SOUTHWOOD
CROSSING, LP
NEERHAS, the City is authorized under Chapter 378
(Neighborhood Empowerment Zone) of the Local Government Code to
create a Neighborhood Empowerment Zone if the City determines that
the zone would promote, (1) the creation of affordable housing, (2)
an increase in economic development, (3) an increase in the quality
of social services, education, or public safety provided to
residents in the zone, or (4) the rehabilitation of affordable
housing in the zone; and
WHEREAS, the City must make certain determinations pertaining
to such zone; and,
WHEREAS, the City Council desires to approve an incentive
agreement for an approximately two (2) acre tract and a four (4)
acre tract as denoted in Exhibits ~A" and "B".
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PORT ARTHUR:
Section 1. That the facts and opinions in the preamble are
true and correct.
Section 2. That the City Council of the City of Port
Arthur does hereby find and make determinations as follows:
z.pr13406
a) That the creation of the zone would promote an
increase in economic development in the zone.
b) That the creation of the zone benefits is for the
purpose of increasing the public health, safety,
and welfare of the persons in the municipality.
c) That the creation of the zone satisfies the
requirements of Section 312.202 of the Tax Code in
that it will likely contribute to the retention or
expansion of primary employment or attract major
investment in the zone that would be a benefit to
the property and that would contribute to the
economic development of the City.
Section 3. That the boundaries of the Port Arthur
Neighborhood Empowerment Zone shall be as shown in Exhibits "A" and
Section 4. That the City Manager is herein authorized to
execute the incentive agreement with One Southwood Crossing, LP in
substantially the same form as describe in Exhibit ~C".
Section 5. That a copy of the caption of this Resolution
be spread upon the Minutes of the City Council.
z .pr13406
READ, ADOPTED AND APPROVED on this __ day of
, A.D., 2006, at a Regular Meeting of the City
Council of the City of Port Arthur, Texas, by the following vote:
AYES: Mayor
Councilmembers '
;
NOES:
MAYOR
ATTEST~
CITY SECRETARY
APPROVED AS TO FORM:
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER
z.pr13406
EXHIBIT "A"
TO THE RESOLUTION
:-'E "2(:('5 ':5!2f"v' ] ~,>, [-,,F:,,,¥ I,IGVT 409721661i3 ldO.
. . .~. ~_ '--' ',," '~T' - ~ F. 2 .........
4.00 AC~S OF L.~ND
P.a,RT OF BLOCK 7, ~NGE "~",
PORT ARTItUR LAND COMPANY SUBDI¥ISION,
CITY' OF PORT ARTHUR,
JI~:FFE~ON COUNTY, TE~S
BEING 4.00 acres of l~d cut of ~d a p~t of Lots 6 ~d 7, Block 7, R~ge "H", Po~
A~t~ Land Com]m ,~ * ' ,,
t :; o~tr)d~ ~ ision, Cty of Port ~th~, recorded in Volume I, Page 22,
Map Reco:rds, Jefferson County, Text; aid 4.00 acre tract being more fully described
by metes and bounds as fivllows, to wit:
COi~IMENCING at a '"",~ sleel rod s~et, capped, mid m~ked "SOU~EX" on the No~h
right of way line of a de;licared road named State Highway 73; said 7z" steel rod being
the ~ .........
Sc utheast,com~ ,.,f a tinct of/and conveyed to Perfect Hosp~tahty, recorded n File
No. 2004010;'41, Official Public Records of Real Propeny, Jefferson County. Texas;
TtIENCE Nc,nh 51 deg., 57 min.,"
.:4 sec,, East, on the North n~t of way line of said
State H/~way 73, a distance of 60.08' to a point for comer being the POINT OF
B~.GINNI'N(; ~d So~ati]wesl comer of the herein described tract;
YHENCE No~ 41 deg, 0! ~mn., 11 sec., West, a distm~ce of 387.50' to a' point for
co]mcr being the No~west corner of~e herein deschbed tract;
THI~NCE No,ih 48 deg., 58 min. 49 sec.. East, a dist~ce of 465.39' to a point
corner being on fl~e West lirie of .x ~aet of l~d conveyed to McCoy Co¢oration,
recorded in Volme 2430, l>,.ige 77, Deed Records, Jefferson County, Texas and Film
Code ] 00-fi6-~655, Offi,:ial. Public Records of Real Property, Jefferson Count)', Texas;
said point fi): .omer b~.mg th~ No,east comer of the hereto described tract;
TItENCE Rel}rence I. ine = South 35 deg., 52 min., 05 sec., East, on the West line of
said McCoy Co¢oration tract, a dist~ce of 165.99' to a 5/8" steel rod found ibr ~ angle
point on the West line of said McCoy Corporation tract md being ~ interior corner of
the herein described tract;
TItENCE No~ 54 de~,;., 07 ~nht, 55 sec., East, a dist~ce of 10.00' to a ~5" steel rod set,
cappec., and m~ked "SOUTI{':~" on the West line of said McCoy Co~oration tract;
THEN ~E South 35 d:g 53 mh]., 19 sec., East, on the West line of said McCoy
Co~oration tract; a dis!artec of 209.3~' to a 5/8" steel rod fo~d for ~e Sou~west comer
ofs~d McCoy Co~oration ~act on the No~ hght of way line of said State Highway 73;
said 5/8" steel rod being the Sou&e~t comer of the herein described tract;
THENCE South 46 deg: 15 rain., 15 sec., West, on the North right of way line of said
Stat,: Higha'ay 73, a distance of.' 359.28' to a Texas Highway Depa~ment concrete
monument found tbr a:t magic ;:.oint on the North n~t of way line of said State Highway
73 trod being m~ ~gle poh:t on ri~e South line of~e herein described tract;
- .~ ,' ::~TI{ENCE South 5[ deg., 5 ;' r~lin., I4 sec., West, continuing on the North right of way
line of sa/d State Highway 73, a distance of 82.96' to the POINT OF BEGINNING and
comainin$ 4.00 acres of land, more or less.
Note: Tl~is description is based on a previous survey made by Soutcx Surveyors, Inc.,
da~ed January 1,3, 2005 and does not represent a cm~ra~t field survey.
EXHIBIT "B"
TO THE RESOLUTION
,:~,:. 2~?.,3 ~' ,::,~ , :X [ v,.,~ ~i'Y ~G~,T 4Ci972166(~3 NO, 71571 F,
2.00 AC~S OF LAN~
PART OF BLOC~ ~ AND 8, ~NG~ "~,',
PORT ARTHUR L~D COMPLY SUBDIVISION,
CITY OF PORT ~THUR,
JEF~RS ON COUNTY, TE~S
BEING ZOO acres of 2and our of ~d a p~ of ~ts 7 ~d 8, Block 7, Range "H", ~d
Lots I ~ 2, Block g, Range ~H"', Po~ ~ur L~d Comply Subdivision, C~ty otPoa
~m', recorded in Vc, l~e 1~ Pag~ 22, Map Records, 2efferson County, Texas; said
2.00 aor~ tract being more ~[]y described by metes ~d bounds as ~ollows; to wit:
CO~MENCING at a ~A' steel rod ~et, capped, ~d m~k~d "SOUTEX' on th~ No~h
~ght c~ way line ota ,5~d~cated road n~ed State Highway 73; said V~" steel rod being
th~ Southe~C co~cr of ~. tract of l~d conwyed to Perfect Hospitality, recorded in File
No. 200~10741, Official Puhl~z Records of Real Prop~y~ ~fterson County, Texas;
THENCE Noffh 51 d..g.:' 57 ::fin., 14 s~c., East, on the No~h right ot way lin~ ot said
State Hi~.v.'ay 73, ~ dt~t~ncc~ ot la3.0~' to a Texas Highway Dep~men~ concrete
monument f:~uud tot ~mgle point vn the No~ right o~way line vt said State H~ghway 73;
THENCE No~h 46 deg., 15 min., 15 ~c., East, contin~ng on the ~o~ fight of way
line oF s~d 8tare Highway 73~ a dist~ac~ ot 359.28' to a 5/8" s~l rod found ~or
Sou~w~sc con~er ota ~cact ot I~d conv~y~d to McCoy Co~orafion, recorded in Volumc
~o0. Page ~, D~ed ~cord:~. 5eff~rson Co~y, Texas ~d F~lm Code 100-66-1655,
Official Publ~v Records otReaI Propm~y, ~fferson County, T~xas;
THENCE No~fl~ 35 deg., 53 mm., 19 scc., West, on the West line of said McCoy
Co~orafio~ ~a~t; a distance o~209.34' ro a ~" steel rod teund for ~d angle point on the
West ]i:m cf ~aid McCoy Co,pc, radon '~act;
THENCE South 54 deg., ~7 rcm~ 55 sec., West; a distance o~ 10.00' to a 5/8" steel rod
fo~d for ~ ~g]e poim on th~: ~est l~e otsaid McCoy Co~oration tract;
THENCE ~eter~nce Line ~ b,o~h 35 dzg., 52 min., 05 sec., W~st, continuing on the
West line otsa~d McCoy Corp,:rafion ~act, a distanc~ ot 535.83' to a 5/8" ~teel rod fom~d
for the ]. OINT OF BE(,INNI~G; said 5/8" ~t~l rod b~ing the No~hwest co~er of said
McCoy Co~c ration ~ac t ~d ff~e Southwest comer of the herein desc~bed ~act;
THENCE No~ 40 deg.~ 28 m~., 27 sec., West, a dist~c~ ot a15.04' to a pom~ ~or
zom~r c,n the South ~t otwa~, line of Dr~nage Dis~ict No. 7, 75' wide right of w~y,
r~cord~d in Volume 1205, Page 545, l)~d Records, J~fferson County, Text; ~aid poin~
t~r comer being the Northwest corner ofth~ h~rein described tract;
THENCL North 57 de[.~ 05 m~., 12 sec., East, on the South right otway lin= ot said
7? wid~ Dra~nag~ Discr~c..t No. '7 fight ~fway, a diet,ce o~ 2~3.59' to a 5/8" steel rod
formal f~r ~he No~hwe~t comer ota ~act o~ I~d conveyed to Methodist Temple,
recorded h~ Volume I546, Page 309, ~eed Records, J~fferson County, T~xas: sa~d
steel rod being the No~lheas/co:tier of the herein described tract;
THEI~'C.TE South 35 de~g., 52 min~ 12 sec. East, on the West line of said Methodist
Temple tract, a ~istance: of 19~5 I5' to a 5/8" steel rod found on the centerlme ora 25'
xvide Gc.lf State5 Ut/lily Company right of way, recorded in Volnme 524, Page 15. Deed
-~ ~. ,:tv :.~ [7:,i,F~I'v I~IGV' 41)9/z o6~,~ NO. 7)7,
,. -l~ecor~ ~'efferson Co~m.ty, T,:xa.s; said 5/8" steel rod being ~ ~gle point on ~e
line of ~e ~,,erein describe~ tree. t;
T~ENCE Sou~ 35 deg., 50 mm, 42 see., East, continuing on ~e West ~ine of said
Meaodist Temple ~a~l, a d~.l,~lce 0t ]56.44' to ~ 5/8" steel rod round for ~e No~he~t
co.er of said McCoy Co~ora'tion tract ~d the Southeast comer of De h~ein described
tract;
THENCE .South 41 deg., 05 min., 56 sec., West, on the No~h line of said McCoy
Co~orat~on 's 9
tract, a d~.'~ance c _1.5.43 to the POINT OF BEGINNING and containing
2.00 acres of l~d, more oy less.
~ote: This description is bas,ed on ~ previous s~ey made by Soutex Su~eyors, Inc.,
dated ]anu~7 ] 0, 2~05 and does not r~present a cu~ent field su~ey.
Soua,vooa Crossing, L.P,
I,S-OS-lO72A ~.~.[..~ ,
November' 9, 2005 ~~'
EXHIBIT "C"
TO THE RESOLUTION
BETWEEN
THE CITY OF PORT A~THUR AND ONE SOUTHWOOD CROSSINg, LP
This Incentive Agreement (this ,,Agreement") is entered into as of
February 8, 2006 (the "Effective Date") by and between the City of
Port Arthur (the "City"), a Texas municipal corporation of the County
of Jefferson and State of Texas, and One Southwood Crossing, LP.
Article 1. ~eneral Provisions
1.01. This Agreement is authorized and governed by (i) Chapter
378 (Neighborhood Empowerment Zone) of the Texas Local Government
Code, Sections 378.001 through 378.004 and {ii) Chapter 380
(Miscellaneous Provisions Relating to Municipal Planning and
Development) of the Texas Local Government Code, Sections 380.001
through 380.003.
1.02. One Southwood Crossing, LP, owns or is negotiating a
contract to purchase an approximate two (2) acre tract and four (4)
acre tract (the ,'Property") in the City of Port Arthur, Jefferson
County, Texas described on Exhibits ~A" and ~B" attached hereto and
made a part hereof. The Property is situated within the City as a
Neighborhood Empowerment Zone, pursuant to Resolution enacted on
2006. One Southwood Crossing, LP, proposes to
construct an apartment complex, which the City has found will
contribute to an increase in economic development in the Zone.
1.03. The Property is not part of an improvement project financed
with tax increment bonds.
1.04. The Property is not owned or leased by any member of the
Port Arthur City Council or any member of the City Planning and Zoning
Commission.
Article 2. Incentive
2.01. As an incentive for the construction of the
apartment complex in the Zone, the City agrees to pay to One Southwood
Crossing, LP, the lesser of $26,000 per year or .38 per cent of the
increased taxable value on the property caused by the construction,
for the time period commencing on January 1~t of the year that the
apartment complex has received its certificate of occupancy and for
ten years thereafter.
2.02. The total funds to be paid by the City shall not exceed
$296,000.
2.03. The City will annually pay the amounts as delineated in
Section 2.02 to One Southwood Crossing, LP, thereof during the
z. southwood_incentive agreement
Incentive Period within thirty (30) days after receipt of the taxes
paid by One Southwood Crossing, LP.
2.04. The City will either pay or waive all City of Port Arthur
building permit fees and tap fees to be charged to One Southwood
Crossing, LP, for the apartment complex. Nevertheless, One southwood
Crossing, LP, is responsible to pay for all construction costs, which
includes, but is not limited to, the cost to tap into the City's water
and sewer system and to pay for all meters and related equipment. The
building permit fees and tap fees are estimated at approximately
$30,000 based on the preliminary estimate by Southwood's engineer.
2.05. Notwithstanding anything to the contrary contained herein,
(i) the completion of the apartment complex with the receipt of a
certificate of occupancy pursuant to local, state, and federal
regulations, (ii) the payment of all taxes and utility bills by One
Southwood Crossing, LP to the City of Port Arthur, and (iii) the
maintenance of the facility to local, state and federal requirements
are essential obligations of One Southwood Crossing, LP, which they
have agreed to perform.
Article 3. Effect of Sale and Assignment
3.01. One Southwood Crossing, LP shall have the
right, with City's consent, which will not be unreasonably withheld,
to transfer or assign this Agreement to a financially solvent
Affiliate or any other solvent business that will occupy the apartment
complex for the purpose of operating an apartment complex.
Article 4. Independent Contractor/Indemnity
4.01. In executing this Agreement and in performing their
respective obligations hereunder, the City and One Southwood Crossing,
LP are acting independently and not in any form of partnership or
joint venture. The City assumes no responsibilities or liabilities to
any third parties in connection with this Agreement.
Article 5. Documentation
5.01. One Southwood Crossing, LP will provide documentation to
the City as to the specification for the construction, the name of the
contractors, the date that construction is commenced and the date
construction is completed, and when they pay all local taxes. One
Southwood Crossing, LP will not be paid any funds by the City if they
are in arrears in any taxes, utility bills or other charges to the
City, and the City can terminate this contract if One Southwood
Crossing, LP fails to pay its taxes, utility bills or other charges,
or if One Southwood Crossing, LP fails to maintain the property.
z. sout hwood_incent ive agreement 2
Article 6. Notice
6.01. All notices required or permitted by this Agreement will
be delivered either (a) by certified mail, postage prepaid, effective
five days after mailing, or (b) by hand delivery or by a nationally
recognized overnight courier, in either case effective upon delivery,
in all cases addressed as follows (or to such other address as a party
may specify to the other party by notice delivered in accordance with
the terms hereof):
TO ONE SOUTHWOOD CROSSING, LP=
ONE SOUTHWOOD CROSSING, LP
ATTN: K. T. Akbari
2901 Turtle Creek Drive
Port Arthur, TX 77642
TO THE CITY= CITY OF PORT ARTHUR
ATTN: City Manager
444 4th Street
P. O. Box 1089
Port Arthur, TX 77641
Artfcle 7. Miscellaneous
7.01. This Agreement was approved by the City Council of the
City of Port Arthur at its meeting by Resolution No. on
,2006.
7.02. If any section, subsection, paragraph, sentence, phrase,
or word of this Agreement is held invalid for any reason, the balance
of this Agreement will remain in effect and will be read as if the
parties intended at all times not to include the invalid section,
subsection, paragraph, sentence, phrase, or word.
7.03. This Agreement will be construed under the laws of the
State of Texas.
7.04. This Agreement may be executed by the parties in multiple
counterparts, all of which counterparts when taken together
constituting one Agreement.
Article 8. Termination Clauses
8.01. This Agreement can be terminated by the City of Port
Arthur if One Southwood Crossing, LP does not own the property
described in Exhibit 'A" by December 1, 2006, does not complete the
construction by December 1, 2008, does not maintain the property
pursuant to local, state, and federal regulations, does not pay the
city its utility bills and taxes, and does not comply with any terms
z. southwood_incentive agreement 3
of this agreement. Furthermore, the apartment complex and
improvements shall be taxable.
8.02. If the events delineated in Section 8.01 occurs, the City
of Port Arthur shall give One Southwood Crossing, LP ten (10) days
written notice thereof.
8.03. The funds made available herein are subject as to the
City's annual budget cycle.
SIGNED and AGREED to on the day of , 2006.
CITY OF PORT ARTHUR, a Texas Municipal
Corporation (the "City")
BY:
Name: Stephen Fitzgibbons
Title: City Manager
SIGNED and AGREED to on the __ day of , 2006.
ONE BOUTHWOOD CROSBIN~, LP
Name:
Title: President
z. southwood_incentive agreement
EXHIBIT "A"
TO THE AGREEMENT
PART OF BLOCK 7, RANGE "H",
PORT ARTHUR LAND COMPANY SUBDIVISION,
CITY OF PORT ARTHUR,
JEFFERSON COUNTY, TEXAS
BELN'G 4.00 acres of laird cut of and a part of Lots 6 and 7, Block 7, Range "H", Port
Arthur La::~d Compm:~y SuhdNision, City of Port Arthur, recorded in Volume I, Page 22,
Map Reco:rds, Jefferson County, Texas; said 4.00 acre tract being more fully described
by metes and bounds as follows, to wit:
COMMENCING at a ~""
,2 sk'.el ,'od set, capped, and marked "SOUTEX" on the North
right, of way tine of a dedicated road named State Highway 73; said Y2" steel rod being
the Southeast comer .al a tract of/and conveyed to Perfect Hospitality, recorded in File
No. 2004010,41, Off~c ~1 F ub h c Records of Real Property, Jefferson County. Tcx as:
TJ~IENCE N:~th 51 "~ ~ 5" min.. '~ ~
tLb ..... ~, Se(:., East, on the North right of way line of said
State Highway 73, a distance of 60.08' to a point for comer being the POINT OF
BEGINNING and Somhwes~ comer o£the herein descr/bed tract;
THENCE North 41. deg., 0'! min., 11 sec., West, a distance of 387.50' to a' point for
corner being the No~,,vest corner oft.he herein descr/bed tract;
TH]£NCE No,lb 48 deg., 58 min. 49 sec. East, a distance of 465.39' to a point
corner being on tI:e West line of a tract of land conveyed ro McCoy Corporation,
recorded in Volta-ne ~43C, P*.:ge 77, Deed Records, Jefferson County, Texas and Film
Code ]00-fi6-L655, Official Public Records of Real Property, J'efferson Count}', Texas;
said point for comer b~.mg the Northeast comer of the herein described tract;
TItENCE Reference Line = ..Sooth, - 35 deg., 52 min., 05 sec., East, on the West line of
said McCoy Corporation tract, a distance of 165.99' to a 5/8" steel rod found lbr an angle
point on die West lu-~e of said McCoy Corporation tract and being an interior corner of
the herein described tract;
TItENCE No:ih 54 ' ,-, ~',
cee:., ,.7 rnin, 55 sec., East, a distance of 10.00' to a k~" steel rod set,
capped, and marked "SOUTL:.);i" on the West line of said McCoy Corporation tract;
THEN ,~1].', South 35 deg., 52t min., 19 sec., East, on the West line of said McCoy
Co£ooration tract; a dis!anco of 209.34' to a 5/8" steel rod found for the Southwest comer
of said McCoy Corporation tract on the North right of way line of said State Highway 73;
said 5,'8" steel rod being t ~e Southeast comer of the herein described tract;
TItENCE South 46de-~,~: 15 rain. 15 $ec., West, on the North right of way line of said
State Hxgh~x'ay 73, a distance o]!' 359~28' to a Texas Highway Department concrele
monum,:nt found for a'~ m'~gle ;:.oint on the North right of wa3, line of said State Highway
73 a~d being m: angle poi]et on fiqe South line cf the herein described tract;
,~zc.~. 3.2!](~i =' ,:.,"s~ .... ~ "-z,.. :.'(::F :N~Y_ I,!(}N'T 4097216603 IlO. 7671-~'F. '~ .........
: ._. ,..i TRI,NCI!. South 51 deg., 5;' min., la sec., West, continuing on the No~h right of way line o~ smd State Highway 73, a dJst~ce ofg2.96' to ~e POtNW OF BEGINNING and
containing 4.00 acres of land, moro or ]esS.
Note: TNs description is based on a previous su~,ey m~e by Soutex Su~'eyors, Inc.
da:ed January [ 0, 2003 ~nd does not represent a CUtTm~ field su~ey.
Somhwood Crossing, L.P.
EXHIBIT "B"
TO THE AGREEMENT
.... ' ......... :X ....... I~O. 7671 F. ~
2.00 AC~S OF LAND
PART OF BLOC~ 7 AND 8, ~NGE "H",
PORT ARTHUR L~D COMPLY SUBDIVISION,
CITY OF PORT ~THUR,
~F~RS ON COUNTY, TE~S
BEING 2.00 acres of ~and out of ~d a p~ of ~ts 7 ~d 8, Block 7, R~ge "H", ~d
Lots I ~d 2, Block g, Range "H", Pon ~ur L~d Comply Subdivision, C~ty of Pon
~m', recc, rded in Voh~e l, Page 22, Map Records, Jefferson County, Texas; said
2.00 acre tract being more ~flly described by metes ~d bounds as follows, to wit:
CO~MENCING at a ~A" stee4 rod set, capped, ~d m~ked "SOUTEX" on the No~h
right o~ way line of a ~ed~cated road named State Highway 73; said ~'~ steel rod being
the Southern;: co~er or' a tract of hind conveyed to Perfect Hospital~ty, recorded in File
No. 200a9107~1, Official Publ~z RecoMs of Real Property, ~efferson County, Texas;
TtIENCE No~h 51 deg., 57 ~nin., 14 sec., East, on the No~h right of way Tine of said
State ]?[i~.v.'ay 73, z distance of la3.04' to a Texas Highway Dep~ment concrete
monument f:)und for tangle poir~t on the Nord~ right of way line of said State Highway 73;
THENCE No~h 46 deg., 15 min., 15 sec., East, contin~ng on the No~ right of way
line of' smd Stare Highway 73. a distance of 359.28' to a 5/8" steel rod found for the
Southwest corner of a ~ract of lLncl conveyed to McCoy Co¢oration, recorded in Volume
2430, Page 77. Deed Re~cord:~. Jefferson Cowry, Texas and Film Code 100-66-1655,
Official Public Records ofReaI Propmty, Jefferson County, Texas;
THENCE Nmfl~ 35 deg., 53 min., 19 sec., West, on the West line of said McCoy
Coq~oration ~act; a distance 05209.34' to a V~" steel rod found for and angle point on the
West line of said McCoy Co~p,:,ration ~act;
THENCE South 54 deg., 07 t-~.i.n., 55 sec., West, a distance of 10.00' to a 5/8" steel red
fe~d for an amgle poim on the West line of said McCoy Co¢oration tract;
THENCE Reference Line ~ No~q~ 35 deg., 52 min., 05 sec., West, continuing on the
West line of said McCoy Corporation ~act, a distance of 535.83' to a 5/8" steel rod found
for the POINT OF BEGINNIrqG; said 5/8" steel rod being the No~hwest comer of said
McCoy Co¢oration ~act and the Southwest comer of the herein deschb~ ~act;
THENCE NoT& 40 dog: 28 m~n., 27 s~., West, a dist~ce of 415.04' to a point for
comer on the South n~:t of way line of DrMnage Dis~ict No. 7, 75' wide right of way,
recorded in Volume 12()5, Page 545, Deed Records, Jefferson County, Text; said point
for comer being the N~z2:hwest oorner of the herein described tract;
THENCE North 57 de!;: 05 rain., 12 sec., East, on the South right of way line of said
75' wicl, Drainage District No. '7 fight of way, a dist~ce of 243.59' to a 5/8" steel rod
found for the No~hwest comer of ~ tract of l~d conveyed to Methodist Iemple,
recorded in Volume I546, Page 309, Deed Records, Jefferson County, Texas; said 5/8"
steel roc being the No~lheast co::oer of the herein described tract;
THENCE South 35 deg., 52 mio, 12 sec., East, on tee West line of said Metl~odist
Temple tract, a distance of 19~5 I5' to a 5/8" steel rod found on the centerline of a 25'
wide Golf Stateg Utility Company hg~t of way, recorded ~n Volume 524, Page 15. Deed
Reeorrts, Jefferson Cmmty, Texas; said 5/8" steel rod being ~ ~gle point on ~e E~t
line of kerein de e bod tract;
T~ENCE Sou~ 35 deg,, 50 mm, 42 sec., East, continuing on ~e West line of said
Meflm, dist Temple ~act, a dist:mce of 156.44' to a 5/8" steel rod found for ~e Nonhe~t
co,er of said McCoy Co¢oration ~act ~d the Southeast comer of ~e hmein described
tract;
TItENCE South 41 deg., 05 min., 56 sec., West, on the No~h line of said McCoy
Cooperation tract, a distance of 2[5.43' to the POINT OF BEGINNING and containing
2.00 acres of l~d, more or less.
Note: This description is based on a previous s~ey made by Soutex Su~eyors, Inc.,
dated Janumy 10, 2005 .~n:t does not represent a cunent field
South~ood Crossiag, L,P.
LS-05-1072A
November 9, 2005