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HomeMy WebLinkAboutC2022-148 - 2/22/2022 - Approved REAL PROPERTY EXCHANGE AGREEMENT THE STATE OF TEXAS § KNOW ALL BY THESE PRESENTS COUNTY OF NUECES § THIS REAL PROPERTY EXCHANGE AGREEMENT ("Agreement") is between City of Corpus Christi, a Texas home-rule municipality, with address of 1201 Leopard Street, Corpus Christi, Nueces County, Texas 78401 (referred to in this agreement as "City") and Lands Greenwood 2018, LLC, a Texas Limited Liability Company of 345 Bermuda PI, Corpus Christi, TX 78411 and MPM Development LP, a Texas Limited Partnership, of 426 S. Staples, Corpus Christi, TX 78401, Nueces County, Texas (referred to collectively in this Agreement as "Buyer"), on the terms set forth in this Agreement. In consideration of the premises, mutual covenants, and agreements contained in this Agreement, City and Buyer covenant and agree as follows: ARTICLE 1 EXCHANGE Agreement to Exchange 1.01.Subject to the terms, provisions, and conditions set forth in this Agreement, City agrees to convey to Buyer the property described as follows: LOTS 12, 13 and 14, SECTION 34, FLOUR BLUFF & ENCINAL FARM GARDEN TRACT (approximately 59.8 acres), less a reserved area consisting of Starry Circle, as shown in Exhibit A, attached to and incorporated in this Agreement by reference. The correct legal description will be determined from the survey provided for in this Agreement which, upon completion and approval, shall be attached to this Agreement as Exhibit B and incorporated into it by this reference. (all of the property, rights, and appurtenances that City agrees to convey referred to as "Oso Tract 1"). 1.02. Subject to the terms, provisions, and conditions set forth in this Agreement, Buyer agrees to convey to City the properties described as follows: Being a total of 132.09 acres of land (called 130.445 acres) and being a portion of the William J. Robertson 508.37 acre tract out of the ENRIQUE VILLARREAL GRANT, SURVEY NUMBER 142; ABSTRACT 1, Nueces County, Texas and being a portion of that same tract described in Deed recorded in Volume 1560, Page 144. Deed Records, Nueces County, Texas,as shown in Exhibit C, attached to and incorporated in this Agreement by reference. The correct legal description will be determined from the survey provided for in this Agreement which, upon completion and approval, shall be attached to this Agreement as Exhibit D and incorporated into it by this reference.(all of the property, rights, and appurtenances that Buyer agrees to convey referred to as "La Voila Tract"). ARTICLE 2 BUYER'S AND CITY'S OBLIGATIONS Survey 2.01. Within 30 days from the date of this Agreement, Buyer, at City's expense, will provide a current survey of the Oso Tract 1, prepared by a licensed Texas land surveyor acceptable to Buyer. The survey will be staked on the ground, and will show the location of all improvements, Exchange Contract—Oso Tract 1 Page 1 8tANNED highways, streets, roads, railroads, rivers, creeks, or other water courses, fences, easements, and rights-of-way on or adjacent to the Oso Tract 1, if any, including Starry Circle Drive as shown in Exhibit A. The survey will contain the surveyor's certification that there are no encroachments on the property and will set forth the number of total acres and the number of net acres comprising the Oso Tract 1, together with a metes and bounds description. The term net acres will mean the number of acres contained in the Oso Tract 1, exclusive of any land lying within any alleys, streets or roads or the right of-way lines of public roads, streets, alleys, or railroads, or within the boundaries of utility easements or creeks, rivers, or other water courses and will be calculated to the nearest 100th of an acre. City will have 10 days after receipt of the survey to review and approve it. In the event any portion of the survey is unacceptable to City, City must, within the 10-day period, give Buyer written notice of this fact. Buyer will promptly undertake to eliminate or modify all the unacceptable portions to the reasonable satisfaction of City. City's failure to give Buyer this written notice will be deemed to be City's acceptance of the survey. 2.02. Buyer, at Buyer's expense, has provided a current survey of the La Volla Tract, as shown in Exhibit D. The term net acres will mean the number of acres contained in the La Volla Tract, exclusive of any land lying within any alleys, streets or roads or the right of-way lines of public roads, streets, alleys, or railroads, or within the boundaries of utility easements or creeks, rivers, or other water courses and will be calculated to the nearest 100th of an acre. ARTICLE 3 CLOSING Conditions to City's Obligations at Closing 3.01. The obligations of City at the Closing are subject to the satisfaction of the following conditions: (a) all representations and warranties of Buyer in this Agreement shall be true in all material respects; and (b) Buyer shall have performed and satisfied all covenants and agreements required by this Agreement in all material respects. Conditions to Buyer's Obligations at Closing 3.02. The obligations of Buyer at the Closing are subject to the satisfaction of the following conditions: (a) all representations and warranties of City in this Agreement shall be true in all material respects; and (b) City shall have performed and satisfied all covenants and agreements required by this Agreement in all material respects. Date of Closing 3.03. Subject to the conditions of Paragraphs 3.01 and 3.02, the closing shall occur on or beforeMay 1, 2022, at a time and date agreed on by City and Buyer. In the event that the conditions of Article 3 have not been satisfied on the scheduled date of the Closing, the date of Exchange Contract—Oso Tract 1 Page 2 of 16 the Closing may be extended an additional 30 days or other time as agreed to by the parties to allow completion of the survey. Place of Closing 3.04. The Closing shall be held at the offices of First Title Company, 5402 Holly Rd., Bldg. B, Ste. 2202, Corpus Christi, Texas. Obligations at Closing for Oso Tract 1 3.05. At the Closing, the following events shall occur, each being a condition precedent to the other events and each being deemed to have occurred simultaneously with the other events: (a) City shall deliver to Buyer a duly executed and acknowledged Special Warranty Deed in a form acceptable to Buyer's counsel conveying good and marketable title in fee simple to all of Oso Tract 1, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: Stary Circle right of way as shown in Exhibit A. (b) The City will provide, at Buyer's expense, a title insurance policy that guarantees good and indefeasible title to the Property, without exceptions to title other than the standard printed exceptions and exceptions permitted under this Contract, and that wholly insures and indemnifies Buyer against any title defects or adverse claims. First Title Company, 5402 Holly Rd., Bldg. B, Ste. 2202, Corpus Christi, Tx 78411 (`Title Company") is mutually selected as the Title Company of choice and must issue the title insurance policy. The title commitment for title insurance must be delivered to Buyer within 10 days after receipt of the Contract by the Title Company, with the title insurance policy to be timely issued after Closing. Buyer must object within 7 days of receipt of title commitment to matters disclosed in the commitment, copies of the documents evidencing the title exceptions, any required survey, and any required UCC search. 3.06. All costs and expenses of closing in consummating the transfer of the Oso Tract 1 will paid as follows: (a) Title Policy for Oso Tract 1 paid by Buyer. (b) Escrow fee paid by City. (c) Survey for Oso Tract 1 paid by City. (d) Filing fees paid by City. (e) Attorney's fees paid by City. Obligations at Closing for La Voila Tract 3.07. At the Closing, the following events shall occur, each being a condition precedent to the other events and each being deemed to have occurred simultaneously with the other events: (a) Buyer shall deliver to City a duly executed and acknowledged General Warranty Deed in a form acceptable to City's counsel conveying good and marketable title in fee simple to all of La Voila Tract, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions. Exchange Contract—Oso Tract 1 Page 3 of 16 (b) Buyer will pay prorated tax owed on the La Volla Tract to account for taxes owed prior to property transfer to the City. (c) The Buyer will provide, at City's expense, a title insurance policy that guarantees good and indefeasible title to the Property, without exceptions to title other than the standard printed exceptions and exceptions permitted under this Contract, and that wholly insures and indemnifies Buyer against any title defects or adverse claims. First Title Company, 5402 Holly Rd., Bldg. B, Ste. 2202, Corpus Christi, Tx 78411 ("Title Company") is mutually selected as the Title Company of choice and must issue the title insurance policy. The title commitment for title insurance must be delivered to City within 10 days after receipt of the Contract by the Title Company, with the title insurance policy to be timely issued after Closing. City must object within 7 days of receipt of title commitment to matters disclosed in the commitment, copies of the documents evidencing the title exceptions, any required survey, and any required UCC search. (d) Buyer shall deliver to City exclusive possession of La Volla Tract. (e) City will return cashier's check for $5,000 to Buyer, cashier's check received for Bid Security/Earnest Money for RFB 3528. 3.08All costs and expenses of closing in consummating the transfer of the La Volla Tract will paid as follows: (a) Owner's Title Policy La Volla Tract paid by City. (b) Escrow fee paid by City. (c) Survey for La Volla tract paid by Buyer. (d) Filing fees paid by City. (e) Attorney's fees paid by City. ARTICLE 4 BREACH BY CITY If City fails to fully and timely perform any of its obligations under this Agreement or fails to consummate the transfer of the Oso Tract 1 for any reason, except Buyer's default, Buyer may: (1) enforce specific performance of this Agreement; (2) request that the Escrow Deposit will be returned by the title company to Buyer; or (3) bring suit for damages against City. ARTICLE 5 BREACH BY BUYER If Buyer fails to fully and timely perform any of its obligations under this Agreement or fails to consummate the transfer of the La Volla Tract for any reason, except City's default, City may: (1) enforce specific performance of this Agreement; (2) request that the Escrow Deposit will be returned by the title company to City; or (3) bring suit for damages against Buyer. ARTICLE 6 CITY'S REPRESENTATIONS TO BUYER. 6.01 This exchange is pursuant to a Request for Bids. As advertised by the request for bid, the surface estate of the property, together with any improvements thereon, shall be sold 'as is, where is, with all latent and patent defects and faults." There is no warranty of any kind by the Exchange Contract—Oso Tract 1 Page 4 of 16 City. All warranties other than of title are excluded, including that any property is fit for a particular purpose. 6.02. Buyer acknowledges and agrees that Buyer is purchasing the property "AS-IS" "WHERE- IS" and "WITH ALL FAULTS" without any warranties, representations or guarantees, either expressed or implied, of any kind, nature or type whatsoever from or on behalf of City. Without limiting the generality of the foregoing, Buyer acknowledges and agrees that City hereby expressly disclaims any and all implied warranties concerning the condition of the property and any portions thereof, including but not limited to environmental conditions, presence or absence of hazardous materials and implied warranties of habitability, merchantability or fitness for a particular purpose. 6.03. Buyer acknowledges and agrees that BUYER HAS NOT RELIED, AND WILL NOT RELY, upon any representations or warranties (oral or written) made by, or purportedly made on behalf of City, unless such representations and warranties are expressly set forth in this Contract. Except as otherwise specifically provided in this Contract, Buyer agrees that no representation by or on behalf of City have been made to Buyer as to the condition of the Property, any restrictions related to the condition of the Property, any restrictions related to the development of the Property, the applicability of or compliance with any governmental requirements, including but not limited to environmental laws or the suitability of the Property for any purpose whatsoever. 6.04 It is the buyer's responsibility for inspections, zoning, environmental assessments, engineering studies, mechanical inspections, pest control, etc. Such inspections will be at the expense of the buyer. The buyer will be responsible for being familiar with the property location and zoning. FAILURE to do so will be at the buyer's risk. Property is zoned FR - Farm-Rural zoning district. 6.05. Buyer releases City from any claims it may have against the City now or in the future under the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C.A §§ 9601 et seq. as amended; the Resource Conservation and Recovery Act, 42 U.S.C.A. §§6901 et seq. as amended; the Texas Solid Waste Disposal Act, Tex. Health & Safety Code §§ 361.001 et seq. as amended; any other analogous state or federal statute; and common law arising from the environmental conditions of the Property or the presence of hazardous substances, solid wastes, or any other pollutants or contaminants on the Property. ARTICLE 7 MISCELLANEOUS Assignment of Agreement 7.01. (a) This Agreement may not be assigned without the express written consent of Buyer and City. Survival of Covenants (b) Any of the representations, warranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated by this Agreement, will survive the closing. Notice Exchange Contract—Oso Tract 1 Page 5 of 16 (c) Any notice required or permitted to be delivered under this Agreement will be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to either City or Buyer, as appropriate, at the address set forth opposite the signature of that party. Texas Law to Apply (d) This Agreement will be construed in accordance with the laws of the State of Texas, and all obligations of the parties created under this Agreement are performable in Nueces County, Texas. Parties Bound (e) This Agreement will be binding on and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns, as permitted by this Agreement. Legal Construction (f) In case any one or more of the provisions contained in this Agreement for any reason is held invalid, this invalidity will not affect any other provision of this Agreement, which will be construed as if the invalid or unenforceable provision had never existed. Prior Agreements Superseded (g) This Agreement constitutes the only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the subject matter of this Agreement. Time of Essence (h) Time is of the essence in this Agreement. Survives Closing. (i) This Contract survives Closings and the delivery of the Warranty Deeds and other necessary documents at Closings, and all terms and conditions remain in effect between City and Buyer. Compliance (j) In accordance with the requirements of Section 20 of the Texas Real Estate License Act, Buyer is advised that it should be furnished with or obtain a policy of title insurance or Buyer should have the abstract covering the Oso Tract 1 examined by an attorney of Buyer's own choosing. Remainder of page intentionally left blank; signature page to follow. Exchange Contract—Oso Tract 1 Page 6 of 16 EXECUTED AS DATED BELOW. CITY Peter anoni, City anager Date City of Corpus Christi P.O. Box 9277 Corpus Christi, Texas 78469 APPROVED AS TO FORM: Assistant City Attorney Buck Brice BUYER cAef/a___ Christopher P Montalvo, Director Date Lands Greenwood 2018, LLC 345 Bermuda PI Corpus Christi, Tx 78411 • BUYEF�, 1"" rte 2-- Nader Nader Karimi, Director Date Lands Greenwood 2018, LLC 345 Bermuda PI Corpus Christi, Tx 78411 BUYER r3 -9,Z Moses Mostaghasi, General Partner Date MPM Development LP 426 S. Staples Corpus Christi, Tx 78401 P j .e„ 3Y couNCIL ATTEST: fi.� REB CCA HUERTA CITY SECRETARY � SF /WY Page 7 of 16 »� o1 11 r i- o K r4 L vv. t'.,. Q '+ t y m o� ' 17,41) aa m 0 -mc < Io0 EL LL " d U Z 3 >. r y • O , v 0 z V- i 0 1 V m d O - t-- I� ,= co,_ en N CI F- O d' CO 97, x '1 4/0 -s4 , . , , . ti.4ktt _ti ,: ,. �a{� ,illii: -Aordiro-a...—...A... ... -4 y 4, 1: a • y 1` -..‘ -.,''':*;. . .( 1- . $10107. , , ' -62 - 4. \ 0 ... , e -r 0. Q' mIlk . 11 , 4 rr-`r. --- -- �``�.. ,� t n • ..„,, - *1-, • - vie , 0 ' ..'''' -•,'A. Ir.',..,.0s., :::::,,,, 4... 4, , . ,. lirjr‘ • ''‘..,---''•.1' • 41Ir,x. -'- - Tgy!.. aoss�r_l__ YD/WOYjS oarY '� ot .,Pr• -•-.It. * ^; O A• kiltV--� • .20 NoldAlix•_ { c - gilt nsi s u -- y .-. Y'm 1 1 _ •. r t.! 1 ' 12 1:1 .1i bottot,i z 1, 1.--•-210 M31A H3NVi — — • gS c, L Y M Exhibit B—Oso Tract 1 Survey To be inserted Page 9 of 16 Doc#2018007770 Exhibit C NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON,YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMEA'T THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT TS FILED FOR RECORD fl' THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER • SPECIAL WARRANTY DEED WITH VENDOR'S LIEN DATE: February 15,2018 GRANTOR DON ANTHONY FAMILY PARTNERSHIP,LTD, GRANTEE: LANDS GREP.NWOOD 2018,LLC GRAN 1 EE'S MAILING ADDRESS: 345- (S(il.m" ild.l `P,i Coi tet Chri 'n(1 y 1� CONSIDERATION: I The sum of 5216,750.00 paid to Grantor by ELAINSCAPITAL BANK (herein called the "Lender"),as evidenced by a note of even date herewith in such amount,executed by Grantee payable to the onto-of Lender,which note bears interest and is payable as therein provided,the payment of which note is secured by the superior title and a vendor's lien herein and hereby expressly retained on the hereafter described Property and herein and hereby expressly transferred and assigned,without recourse,to Lender,and Lenders successors and assigns;and for Ten Dollars and other valuable consideration,the receipt and sufficiency of which is acknowledged. The note payable to Lender is additionally secured by a deed of trust of even date herewith in favor of Darrell G. Adams,Trustee, 2911 Turtle Creek Blvd., Suite 700, Dallas, Texas 75219-0000, covering the Property. PROPERTY: The following described Land: Being a total of 132.09 acres of land(called 130.445 acres)and being a portion of the William J.Robertson 508.37 acre tract out of the ENRIQUE VILLARREAL GRANT,SURVEY NUMBER 142, ABSTRACT I,Nueces County,Texas,and being a portion of that same tract described in Deed recorded in Volume 1560,Page 144, Deed Records,Nueccs County,Texas,being more fully described on Exhibit A attached hereto. Together with and including all of the Grantor's right,title and interest in and to the rights and appurtenances in any way belonging or appurtenant to said Land,including,without limitation(1) • Page 10 of 16 any improvements on said Land;(ii)strips and gores,if any,adjacent or contiguous to the Land; (iii)any land lying in or under the bed of any street,alley,road,creek or stream running through, abutting or adjacent to the Iand;(iv)any riparian rights appurte tra to the Land relating to surface or subsurface waters;and(v)easements,rights of ingress and egress and reversionary interests benefitting or serving the Land(the Land and other appurtenant rights being referred to herein as the'Property/'), RESERVATIONS FROM AND EXCEPTIONS TO CONVEYANCE AND WARRANTY: • This conveyance is subject to the following matters to the extent that such are presently in force and effect and affect the Property. (I) All easements,rights-of-way and restrictive covenants,if any,of record with the County Clerk of the County in which the Property is located; (2) Taxes for the current soar,the payment of wlich Grantee asatm:es; (3) All mineral estate reservations and conveyances(including assignments or reservations of royalty interests)by Grantor and by Grantor's predecessors in title as shown by the records of the County Clerk of the County in which the Property is located;and the rights of the owner of any portion of the mineral estate and the rights of any lessee or other person claiming an interest in oil,gas and other minerals under oil,gas and mineral leases or other documents as Such is shown by the records of the County Clerk of the County in which the Property is located. GRANT OF PROPERTY: Grantor,for the Consideration and subject to the Reservations From and Exceptions to Conveyance and Warranty,GRANTS,SELLS,and CONVEYS to Grantee the Properly,together with alt and singular the rights and appurtenances thereto in any way belonging, to have and to hold unto Grantee,Grantee's heirs,executors,administrators,successors,and assigns forever. Grantor binds Grantor and Grantor's heirs,ar,.'utors,administrators,and successors to warrant aid forever defend all and singular the Property to Grantee and Grantee's heirs,executors,administrators,successors and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof,by,through or under Grantor,but not otherwise,except as to the Reservations Front and Exceptions to Conveyance and Warranty. Grantor has executed and delivered this deed and has granted, sold and conveyed the above property,and Grantee has accepted this deed and has purchased the property,AS IS WITH ALL FAULTS,AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES WHATSOEVER AS TO CONDITION OR FITNESS FOR ANY PURPOSE;EXPRESS OR IMPLIED,WRITTEN OR ORAL,IT BEING THE INTENTION OF GRANTOR AND GRANTEE TO EXPRESSLY NEGATE AND EXCLUDE ALL REPRESENTATIONS AND WARRANTIES AS TO FITNESS OR CONDITION,INCLUDING,BUT NOT LIMITED TO,ALL IMPLIED WARRANTIES OF CONDITION,HABITABILITY AND FITNESS FOR ANY PARTICULAR USE OR PURPOSE, ALL WARRANTIES AS TO FITNESS OR CONDITION CREATED BY ANY AFFIRMATION 2 • Page 11 of 16 OF FACT OR PROMISE OR BY ANY DESCRIPTION OF THE PROPERTY,AND ALL OTHF.R WARRANTIES AND REPRESENTATIONS WHATSOEVER AS TO FITNESS OR CONDTTLON. The vendor's lien nosiest and superior tido to the property are retained until each note described is fully paid according to its terms,at whiehtime this deed shall become absolute. When the context requires,singular nouns tad pronouns include the plural. GRANTOR: DON ANTHONY FAMILY PARTNERSHIP,LTD. By. The Anthony Revocable Management Trust dared June 14,1996 Its General Panne:- By: artne.BS Wald F. Utony,Trustee ACCEPTED BY GRANTEE: LANDS GREENWOOD 2018.LLC X By� /_ amt,Mance: STATE OF TEXAS - § COUNTY OF { .�JrQ.K 4 § "This instrument was acknowledged before me on the'as:C-21, day o 2018,by Donald F.Anthony,Trustee of Tho Anthony Revocable Management Trust dated June 14, 1996,General Partner of the DON ANTHONY FAMILY PARTNERSHIP,LTD.,a Texas limited partnership,on behalf of said partnership. No'a • •:toofTexas ,,,,A,MOSLEY D6. • MY commission '�.,.., O W3/2020 3 Page 12 of 16 STATE OF TEXAS § § >couNTy OF C)pga-k. § if_tl- This instrument was acknowtedvx1 before me on the I%fl day of Frip.au.,A- jc 2018,by Nader Karimi,Member of LANDS GREENWOOD 2018,LLC,a Texas limitcdOsjability company,on hot:allot said company. -.mai _.onow' .......... 01' 11,' sueeN V.E$CAM.LLA No: Public,State of Texas 4":•:„4„,:fre:t Nulary Public.Stele of To., Comm.Sires 05.18-2018 ,..;;;....q.;A: Notify ID 12405644-9 1 PN4367 SANAI•II\LssulAWDVLS13-0216-23.15.docx 4 Page 13 of 16 EXHIBIT"A" Being a total of 132.09 acres of land(carted 130.445 acres)and being a portion of the Witiam J.Robertson 508.37 acre tract out of the ENRIQUE VILLARREAL GRANT,SURVEY NUMBER 142,ABSTRACT 1,Nuecee County.Texas and being a portion of that same tract described In Deed recorded kr Volume 1569.Pace 144 Deed Records Nuecec County.Texas,being more fully described by metes and bounds as follows; BEGINNING at a 3/4 Inch ion pipe found on the northwest corner of a tract deeded to American Electric Power, tract same being the most northerly-east comer of th)a tract; THENCE S 28'1721"W a distance of 990.72 feet to a 54 inch Iron pipe found for the southwest comer of said Amerism Electric Power tract,same being an Interior corner of this Irma; THENCE S 61'41'41"E a distance of 660.20 feel t0 a 5/8 inch Iron rod found for the southeast corner of said American Electric Power tract,and being the most easterly corner of this tract; THENCE S 28'12'47'W for 159.45 feet to a 5/8 Inch Iron rod sat fora come:of this tract; THENCE S 27'1729'W for 1239.29 foot to a 518 inch Iron rod set for a corner of this tract THENCE N 82°42'31'W for 20.00 feet to a 5/8 Inch iron rod set for an Interior corner of this tract THENCE S 27'1729'W for 1700.00 foot toe 518 Inch iron rod set for the most southerly corner of this tract; THENCE with*ha flow line of the creek,up the croek with following meanders; THENCE N 55'40'07"W for 55.45 feet a point; THENCE N 04'47'13'E for 312.71 feet a point; THENCE N 09'07'31'E for 132.68 feet a point; THENCE N 17'3920'W for 590.12 feet a point; THENCE N 02'0521"W for 114.08 feet a point; THENCE N 18'1025'E for 149.41 feet a point; THENCE N 07'49'44"W for 329.18 feet a point; THENCE N 27'39'16'W for 187.96 feet point THENCE N 45'5T50'W for 258.89 fact a polrrt; THENCE N 85'37'51'W for 119.87 feet a point•, THENCE N 89'1826"W for 270.21 feet a point; THENCE N 49'27'16"W for 158.38 feet a point; THENCE N 79'41'50'W for 24.47 feet a point; THENCE S 25'25'48'W for 86.59 feet a point; THENCE S 52'01'59'W for 69.70 feet a point THENCE N 67'13'54'W for 121.36 feet a point; THENCE N 00'58'44'W for 180.42 feet a point; THENCE N 81'08'26'W for 183.11 feet a point; THENCE N 61'17'06'W for 140.52 feet a point; THENCE N 19'34'39'W for 50.29 feet a point; THENCE N 23'01'33'E for 128.28 feet a point; THENCE N 03'58'31'W for 123.35 feet a point; THENCE N 78'2029'W for 40.46 feet to a point for the southwest corner of this tract THENCE N 28'17'39'E for 542.13 feet to a 5/8 Inch Iron rod set fora corner of this tract; THENCE S 81'40'31'E for 535.36 feet to a 5/8 Inch Iron rod set for an interior comer of this tract; THENCE N 28'17'39'E for 1932.00 feet to a 5/8 inch Iron rod sot for the most northerly comer of this tract; THENCE S 81'42'36'E for 1321.87 feet to POINT OF BEGINNING,containing 132.09 acres more or less. GF AMOUNT: PAGES: SAN JACINTO TITLE SERVICES-HOLLY Page 14 of 16 Doc#2018007770 Doc#2018007770 #Pages 6 02/20/2018 3:54PM e-Filed&e-Recorded in the Official Public Records of NUECES COUNTY KARA SANDS COUNTY CLERK Fees$27.00 Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY because of Race, Color,Retigion, Sex, Handicap, Familial Status or National Origin is invalid and unenforceable under FEDERAL LAW, 3/12/89 STATE OF TEXAS COUNTY OF NUECES I HEREBY CERTIFY THAT THIS INSTRUMENT WAS FILED IN FILE NUMBER SEQUENCE ON THE DATE AND AT THE TIME STAMPED HEREON BY ME AND WAS DULY RECORDED IN THE OFFICIAL PUBLIC RECORDS OF NUECES COUNTY TEXAS c4K. COUNTY CLERK �ro.,rt'� NUECES COUNTY TEXAS Page 15 of 16 Exninn D BOUNDARY OF, 13E.10 ACRE TRACT Band a of t of 13209 arm of Lead(ci x1130445 ar*and bene a path=of 0se V. J.4:iamR.bsst 505.37 acre tract o:d=fthe 114tIQUE VII7AMat GRA\L SURVEY NL ER 14Z.ABSTRACT 1.Metes Carty.Teas and bliss agrim of dist same nil daa&ed a D?ed re0aded mlii=ce 1560,Pare 143 o.Ito Deed Re=ads Nueoei County.Teas. W11ED E..15 ACRE TRACT 11XfE E l4M / aTgflx '• a5 =RM.C.T. 'ii CLL [bYh C C 'MIT , CAL=)2J ACRE 1R.LCT sjjc mala t 15. 0301-GOOD-Jitt T 3 5&100 AIRE TRACT P.O.El, PETE PE1Faa1 PNOPERAESITS. FV:)..3/4"I,P. LIIL.E 1041 PA(£1C: C.1VI.C.T. w_ VILLARREAL. E SURVEY No. 142 A_1 CNyfD 15 A.CP.E TRIG res tax'X IT, ea Vl• , TAX 40.T 7aa21-.Ja1C 1f0® SET'G/Y I.R. N' ,y f> St , MN W4•LP. .!r 1Tl YY�y. 47 5/3'LI. • . ' \N TOTAL 132 Oo Aar... % z • coil= CL 9QE TR Cf • , FI1 \''N SET. .•L5. NEESOONI MME ET h. 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