HomeMy WebLinkAbout030413 RES - 01/27/2015 Page 1 of 2
Resolution
Authorizing the execution of an agreement with Corpus
Christi Liquefaction, LLC providing for temporary
property tax abatement
Whereas, the Texas Property Redevelopment and Tax Abatement Act (the "Act"),
Texas Tax Code, Chapter 312, as amended, authorizes the City of Corpus Christi,
Texas (the "City") to enter into tax abatement agreements for projects meeting the
guidelines and criteria for granting tax abatement duly adopted by the City; and
Whereas, an application for temporary tax abatement has been filed with the City by
Corpus Christi Liquefaction, LLC for the construction of a facility in the City; and
•
Whereas, the property to be covered by the proposed tax abatement agreement is
located in the city limits of the City within an area designated as a reinvestment zone
eligible for property tax abatement under the provisions of the Act; and
Whereas, the project is not located on property that is owned or leased by a person
who is a member of the City Council of the City of Corpus Christi;
Now, therefore, be it resolved by the City Council of the City of Corpus Christi,
Texas:
SECTION 1. The City Council finds and determines that the terms of the proposed
agreement with Corpus Christi Liquefaction, LLC providing for temporary property tax
abatement and the property subject to the proposed agreement meet the applicable
guidelines and criteria, as amended, adopted by the City. The City Council further
determines that the proposed project is feasible and the proposed temporary abatement
of taxes will inure to the long term benefit of the City.
SECTION 2. The Tax Abatement Agreement with Corpus Christi Liquefaction, LLC,
attached as Exhibit A, is approved, and the City Manager is authorized to execute the
agreement.
qlV
1YThis resolution takes effect upon City Council approval on this the day of
' 2015.
AT ST: THE CITY OF CORPUS CHRISTI
Rebecca Huerta Nelda Martin
City Secretary Mayor
RESOLUTION-Tax Abatement Cheniere 0 3 0 4 1 3
INDEXED
Page 2 of 2
Corpus Christi, Texas
n
Cil of I - , 2015
I
The above resolution was passed by the following vote:
Nelda Martinez / Brian Rosas /, ! 1_
Carolyn Vaughn I6,
... Colleen McIntyre I, ,0
Rudy Garza INIA: Lillian Riojas hi ..
Lucy Rubio i�' Mark Scott i e
t SAW.!
1
Chad Magill L ,4 ,!
04RESOLUTION-Tax Abatement Cheniere 3
TAX ABATEMENT AGREEMENT
BETWEEN
CITY OF CORPUS CHRISTI,TEXAS
AND
CORPUS CHRISTI LIQUEFACTION,LLC
TAX ABATEMENT AGREEMENT
This Tax Abatement Agreement ("Agreement") is entered into and shall be
effective as of , 2015, between THE CITY OF CORPUS CHRISTI,
TEXAS ("City"), a home-rule city, and CORPUS CHRISTI LIQUEFACTION, LLC, a
Delaware limited liability company ("Company"), pursuant to Chapter 312 of the Texas
Tax Code("Chapter 312").
RECITALS
WHEREAS, Company desires to construct a natural gas liquefaction facility in
three phases, or "trains" (as more particularly described in Exhibit A, the "Facility"), a
portion of which which will be constructed on land located within City limits (as more
particularly described in Exhibit B, the "Land"); and
WHEREAS, Company expects that (i) the first train of the Facility will be
constructed at a cost of at least One Billion Five Hundred Million Dollars
($1,500,000,000) and employ at least ninety (90) full-time employees; (ii) the second
train of the Facility will be constructed at a cost of at least Seven Hundred Fifty Million
Dollars ($750,000,000) and employ at least thirty-five (35) full-time employees; and (iii)
the third train of the Facility will be constructed at a cost of at least Seven Hundred Fifty
Million Dollars ($750,000,000) and employ at least thirty-five (35) full-time employees;
and
WHEREAS, City recognizes the positive economic impact that the Facility will
bring to City and its extraterritorial jurisdiction through development and diversification
of the economy, reduction of unemployment and underemployment through the
production of new jobs, and the attraction of new businesses; and
WHEREAS, City recognizes that a significant factor in Company's decision to
construct the Facility on the Land is Company's eligibility to enter into agreements with
taxing units having jurisdiction over the Land to abate property taxes on the Facility; and
WHEREAS, Section 312.206 of the Texas Tax Code provides that a taxing unit
other than a municipality may abate property taxes on property located in the taxing
jurisdiction of the municipality if property taxes on such property are abated by the
municipality pursuant to an agreement made under Section 312.204 of the Texas Tax
Code; and
WHEREAS, City has adopted guidelines for the abatement of ad valorem tax
("Tax Abatement Guidelines") pursuant to Chapter 312, and wishes to enable other
taxing units having jurisdiction over the portion of the Facility located within City limits
to participate in tax abatement with respect to such portion of the Facility pursuant to
Chapter 312; and
WHEREAS, the Facility will be a Basic Manufacturing Facility within the
meaning of the Tax Abatement Guidelines and thereby eligible for tax abatement; and
WHEREAS, to enable other taxing units to participate in tax abatement pursuant
to Chapter 312 on the portion of the Facility located within City limits, City (i) has
designated the Land as a reinvestment zone (the "Reinvestment Zone"), and (ii) shall,
pursuant to its authority under Section 312.204 of the Texas Tax Code, abate under this
Agreement maintenance and operations ad valorem tax on one dollar ($1) of the value of
such portion of the Facility for one tax year; and
WHEREAS, City and Company have entered into that certain Chapter 380
Economic Development Incentive Agreement (the "Chapter 380 Agreement"), the
investment and job requirements of which must be complied with under this Agreement;
NOW, THEREFORE, in consideration of the mutual benefits described in this
Agreement, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged,City and Company agree as follows:
ARTICLE I
REPRESENTATIONS
1.1 Representations of City. City hereby represents to Company that as of the date
hereof:
(A) City is a duly created and existing municipal corporation and home-rule
municipality of the State of Texas under the laws of the State of Texas and is duly
qualified and authorized to carry on the governmental functions and operations as
contemplated by this Agreement.
(B) City has the power, authority and legal right under the laws of the State of
Texas to enter into and perform this Agreement and the execution, delivery and
performance hereof (i) will not, to the best of its knowledge, violate any applicable
judgment,order,law or regulation,and (ii)does not constitute a default under,or result in
the creation of any lien, charge,encumbrance or security interest upon any assets of City,
under any agreement or instrument to which City is a party or by which City or its assets
may be bound or affected.
(C) This Agreement has been duly authorized, executed and delivered by City
and constitutes a legal, valid and binding obligation of City, enforceable in accordance
with its terms except to the extent that (i) the enforceability of such instruments may be
limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws of
general application in effect from time to time relating to or affecting the enforcement of
creditors' rights and (ii) certain equitable remedies including specific performance may
be unavailable.
(D) The execution, delivery and performance of this Agreement by City does
not require the consent or approval of any person that has not been obtained.
1.2 Representations of Company. Company hereby represents to City that as of the
date hereof:
(A) Company is duly authorized and existing and in good standing as a limited
liability company under the laws of Texas and shall remain in good standing in Texas
during the Term of this Agreement.
(B) Company has the power, authority and legal right to enter into and
perform its obligations set forth in this Agreement, and the execution, delivery and
performance hereof, (i) have been duly authorized and will not, to the best of its
knowledge, violate any judgment, order, law or regulation applicable to Company, and
(ii) does not constitute a default under, or result in the creation of, any lien, charge,
encumbrance or security interest upon any assets of Company, under any agreement or
instrument to which Company is a party or by which Company or its assets may be bound
or affected.
(C) This Agreement has been duly authorized, executed and delivered by
Company and constitutes a legal, valid and binding obligation of Company, enforceable
in accordance with its terms except to the extent that (i) the enforceability of such
instruments may be limited by bankruptcy, reorganization, insolvency, moratorium or
other similar laws of general application in effect from time to time relating to or
affecting the enforcement of creditors' rights and (ii)certain equitable remedies including
specific performance may be unavailable.
(D) The execution, delivery and performance of this Agreement by Company
does not require the consent or approval of any person that has not been obtained.
ARTICLE II
DEFINITIONS
The recitals to this Agreement are hereby incorporated for all purposes. The
terms, "Agreement," "Chapter 312," "Chapter 380 Agreement," "City," "Company,"
"Facility," "Land," "Reinvestment Zone," and "Tax Abatement Guidelines" shall have
the above meanings, and the following words or phrases shall have the following
meanings:
2.1 "Act of Default" or "Default" means failure to timely, fully, and completely
comply with one or more requirements, obligations, performance criteria, duties, terms,
conditions or warranties of this Agreement.
2.2 "Commencement of Construction" means (i) to commence the work of
constructing the improvements or features with all approvals thereof and permits required
by applicable governmental authorities obtained as necessary to begin construction; and
(ii) onsite construction of the site development components (such as drainage, extensive
grading or utilities) is underway and being pursued for the Facility.
2.3 "Effective Date"means the first date by which this Agreement has been signed by
all of the parties hereto, on which date the terms and provisions of this Agreement shall
become effective.
2.4 "Investment Requirement" has the meaning set forth in the Chapter 380
Agreement, including the investment of not less than One Billion Five Hundred Million
Dollars($1,500,000,000)of capital in the first train of the Facility.
2.5 "Job Requirement" has the meaning set forth in the Chapter 380 Agreement,
including the creation of not less than 90 full time jobs for the first train of the Facility.
2.6 "Term"means the period defined in Article III of this Agreement.
ARTICLE III
TERM
The term of this Agreement (the "Term") will begin on the Effective Date and
shall continue for five years after the end of the tax year with respect to which taxes are
abated pursuant to Article V, unless earlier terminated by City as provided hereunder.
ARTICLE IV
ABATEMENT; COMPANY REQUIREMENTS
4.1 Abatement.
(A) Pursuant to the City's authority under Chapter 312, and subject to the
satisfaction of the Company's commitments under Article IV herein and the Company's
timely and full compliance with all applicable terms and conditions contained in this
Agreement, with respect to the first tax year after the year in which Commencement of
Construction occurs, the City agrees to abate and exempt from City maintenance and
operations ad valorem taxation one dollar ($1) of the value of that portion of the Facility
that (i) is located within City limits and (ii) consists of improvements to real property.
Such abatement shall apply only if the value of such improvements to real property
exceeds the value of such improvements as of the Effective Date.
(B) City hereby approves any variances from from the Tax Abatement
Guidelines necessary to effectuate this abatement, and hereby waives the filing of any
application for abatement otherwise required under the Tax Abatement Guidelines.
4.2 Company Requirements.
(A) Company shall satisfy the Investment Requirement and Job Requirement,
including any audit or other requirements relating thereto which are set forth in the
Chapter 380 Agreement.
(B) City employees shall have such access to the Facility as is required by
Texas Tax Code Section 312.205(a)(2) to ensure that the improvements required by this
Agreement are made.
(C) The Facility shall be used in a manner consistent with the general purpose
of encouraging development or redevelopment of the Reinvestment Zone.
(D) Any ad valorem tax revenue lost by the City as a result of the abatement
provided in Section 4.1(A) shall be recaptured if the Company fails to make the
improvements required by this Agreement.
(E) The Company shall certify annually to the City that it is in compliance
with the terms of this Agreement.
(F) Company is required to inform City in writing of Commencement of
Construction. If Commencement of Construction has not occurred by January 1, 2018,
City has the option to terminate the Agreement.
(G) Failure by Company to comply with any requirements of this Agreement
shall constitute an Act of Default. If such Act of Default is not cured and corrected
within ninety (90) days after written notice to do so or by express waiver by the City, the
City has the option to terminate this Agreement.
ARTICLE V
MISCELLANEOUS PROVISIONS
5.1 Binding Effect. This Agreement will be binding on and inure to the benefit of the
parties and their respective successors and assigns.
5.2 Termination. If Company elects not to proceed with the Facility as contemplated
by this Agreement, Company will notify City in writing, and this Agreement and the
obligations of both parties will be deemed terminated and of no further force or effect as
of the date of such notice. Additionally, at any time during the Term,Company may elect
to terminate this Agreement. Following the giving of said notice, this Agreement shall
terminate and be of no further force or effect, and all parties shall be fully released of any
further obligations under this Agreement relating to said designated part or parts of the
Land.
5.3 Notice. Any notice or other communication ("Notice") given under this
Agreement must be in writing and may be given: (i) by depositing the Notice in the
United States Mail, postage paid, certified, and addressed to the party to be notified with
return receipt requested; (ii)by personal delivery of the Notice to the party, or an agent of
the party; or(iii) by confirmed facsimile, provided that a copy of the Notice is also given
in one of the manners specified in (i) or (ii). Notice deposited in the mail in the manner
specified will be effective two (2) days after deposit. Notice given in any other manner
will be effective only if and when received by the party to be notified. For the purposes of
Notice,the addresses of the parties will, until changed as provided below,be as follows:
Company: Cheniere Energy, Inc.
Attention: Mr. Daniel Belhumeur
700 Milam Street, Suite 800
Houston,Texas 77002
City: City of Corpus Christi
Attn.: City Manager
P.O.Box 9277
Corpus Christi,Texas 78469-9277
Ph: (361) 826-3220
Facsimile: (361) 826-3839
with a copy to:
City Attorney
P.O. Box 9277
Corpus Christi,Texas 78469-9277
Ph. (361) 826-3360
Facsimile: (361) 826-3239
Any party may designate a different address at any time by giving Notice to the other
party.
5.4 Interpretation. Each of the parties has been represented by counsel of their
choosing in the negotiation and preparation of this Agreement. In the event of any
dispute regarding the interpretation of this Agreement, this Agreement will be
interpreted fairly and reasonably and neither more strongly for nor against any party
based on draftsmanship.
5.5 Relationship of the Parties. This Agreement will not be construed as
establishing a partnership or joint venture,joint enterprise,express or implied agency, or
employer/employee relationship between the parties. Neither City nor its past,present
or future officers, elected officials, employees or agents assume any responsibility or
liability to any third party in connection with the development of the Facility or the
design,construction or operation of any portion of the Facility.
5.6 Severability. If any provision of this Agreement is held to be illegal, invalid or
unenforceable under present or future laws, it is the intention of the parties that the
remainder of this Agreement not be affected, and it is also the intention of the parties that,
in lieu of each provision that is found to be illegal, invalid or unenforceable, a provision
be added to this Agreement which is legal, valid or enforceable and is as similar in terms
as possible to the provision found to be illegal, invalid or unenforceable.
5.7 Paragraph Headings, Etc. The paragraph headings contained in this Agreement
are for convenience only and will in no way enlarge or limit the scope or meaning of the
paragraphs.
5.8 No Third Party Beneficiaries. This Agreement is not intended to confer any rights,
privileges or causes of action upon any third party.
5.9 Counterparts. This Agreement may be executed simultaneously in two or more
counterparts, each of which will be deemed an original, but all of which will constitute
one and the same instrument. A facsimile signature will be deemed to be an original
signature for all purposes.
5.10 Exhibits. The following exhibits are attached to and incorporated into this
Agreement for all purposes, as if they were set forth herein in their entirety:
Exhibit A: Facility Description
Exhibit B: Land Description
5.11 Entire Agreement. This Agreement embodies the complete agreement of the
parties hereto, superseding all oral or written, previous and contemporary, agreements
between the parties relating to matters in this Agreement; and, except as otherwise
provided herein, this Agreement cannot be modified or amended without a written
agreement of the parties.
5.12 Law. This Agreement is subject to all legal requirements of Texas and all other
applicable County, State and Federal laws, and the Company agrees that it will promptly
comply with all such applicable laws, regulations, orders and rules of the State, County
and other applicable governmental agencies. This Agreement shall be governed by and
construed in accordance with the laws and court decisions of the State of Texas without
regard,however, to the conflicts of laws provisions of Texas law.
5.13 Venue. Venue for any legal action related to this Agreement is in Nueces County,
Texas.
5.14 Confidential. City, its officers and employees, and its agents or contractors
retained to perform economic development services for City, shall treat as confidential
any information delivered by the Company or its respective representatives to City and its
representatives for purposes of this agreement and shall not release such information to
the public unless required by law such as the Texas Public Information Act or court
order. City shall immediately notify the Company of requests or court orders to release
such information.
[Signature page follows]
EXECUTED to be effective as of this day of , 2015.
CORPUS CHRISTI LIQUEFACTION,LLC
By:
Name:
Title:
CITY OF CORPUS CHRISTI,TEXAS
ATTEST: CITY OF CORPUS CHRISTI
Rebecca Huerta, Ronald L. Olson
City Secretary City Manager
EXHIBIT A
FACILITY
REINVESTMENT ZONE MAP WITH IMPROVEMENT LAYOUT 1 _
C , -- r :, , .."-.N.• 04'• \ • .::••••• ‘41111;\ iiiI\ "*. IVIIIP1150 •
"- ‘1 '1' 1'tit I•t1= ... • ..., oi!!!..--- f's1 , Ws77.1i,t'mil.• P4_,/ Kii•_...,:vr iiu'l
V. s.-\4‘k,' -.'••• '6, \ - -...% .1 -.‘.,...----‘ •,0_,..3,- . :-. , Ektli.kagimuitual,
\ \ ---- -t:.,,,', .....,... ..0 s. I IMO. ••••• _, \‘‘, -17-14 2 1"-fl-121 -- Intrill 3
1-Allit; *1:-.•:' ''I\ •\,`,1,1,_,,,.. -riro
1
1 V'. I: --."-• lc:4M. •....--- ,:::„-.....,:,,
. \ \ : 11; .. %.440.!------ ,••••*1
S. .1:1J.,!....1-%- .0.•;,.....
.' \\ 141111". 1..•.:- Aso/ -,-,..• '
\ \ ' .....7%•• v ,.c..s'
- .. IP. \t:• A.
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imantr. .1,..fia.-.1-34mgale
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\\\ RCWOINMPAALNUYMIN ,'.,• NgL2Hi9i,5.4.',.!4.k.37.-,7131',;.x:(4•T..'.:i-dI,1I.'t;1..1 wwp.'.o ma•‘t..... E,lhIg1ei.t.i.ft;1cf1illetiztmaPricpuTma1SgKu.1S.4.j/3ma1,.jragr1"liJc \ \
- inti
' S 125.2 ACRES ‘\ ..
REYODS/ALCOA 11
, RE14317 :ii (-:0
NED TRACT
i . •
DOC.1 2001000017, 3.1.R.H.CT. SHEA -
t :.siw•ill
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C. , ''''..-,-•••• -"--„TRACT .4, 1 2A - \ \
.,.
4 i814t87,*N16.,:r•ri. I. 200 0000T‹NC.T. -- - . i. c' ZV/141.il1l r1E"41,4":!,4
4fith‘F1'ori".-4n;e4&Fi; il87. li
--
\ . . PROPOSED
III , REINVESTMENT
... rPg.i.9"a1
2"i0l
..4.4.4:;....;„...... .
2 1.
1ZONE SHADED , 1 NO TITLE COMMIT/44W WAS PROVOCED ma tbrs SURVEY
1 10
\
\, i N BLUE ... ,
- 2 METES AND BOUNDS DESCRIPTION ACCOMPANES 1RS 1ODI
RAIIING i. ... 1
..-,,,i.. -..
iiiiiMi .. AcREs jt:If 4 .42-- :\ 1 - \ .
3 BEARINGS ORE VAIL KANE GM.TEXAS SOWN ZONE.Wir83. II
1111101111 . 1 „. (jralk•'VI" ''''''.'A., :4. \ 1 "
0• , - ., .. 0.P.R.S.P.C.T. - 4.2744/itt • )P. ALL PROPOSED QUALIFIED INVESTMENT
AND QUALIFIED PROPERTY ARE WITHIN
. . AY' --rw..."'N„..4b i ..,.
.„.....41.44... ._ If -4414,1041. THE PROPOSED REINVESTMENT ZONE
_ 1!...,- .44411/Iiir 3-
. . /
,,. ' AND VVI THIN THE BOUNDARY OF
CORPUS CHRISTI ISD
I,GEORGE RURALCAEK LCENSED STATE LAND SURVEYOR.triEREEIT
* * 1 v
...
STATE ThAi DNS DRAWINQ REPRESENTS PfE CONDITIONS THAT EXISTED
INK TIME OA NEre1.4,NIGH*MER 0 LINE SURVEY Z 3 g
..4. - Vioo fr'.'"'•,.., %I ' ,--. ,. CGBOVCIED .... 5. . 5 14 i
"---- 44 2 ACRES ,.........4 ,t4itt `•,-
AI( / fl/
'ARCEL 6 .'"4-.411111* x -• Awl**. .:..`.V,
, 983 .......___ ---.. hit* 411b,AI -,...,,,.. ,,z.„, , -':
,
----Z-17-----....__ '-'" T*411111m..1r ,s.4; ••' ...f - 1 i •1
44114‘ ,11',
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•
CORPUS - . ..
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CHRISTI ''s i,//if • •\
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NS7oN in Nue area , 4W..•• .:%""/— cr• 1 REV 0
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EXHIBIT B
LAND
182428
METES MID BOUNDS DESCRIPTION
OFA
52.25 ACRE TRACT
Being 5125 acres of land,put Oa 21220 acre text of land is described in Document No.490813,
Official Pubik Records ofSan•Patrt4o County,Te>ias, lice telecom of a3229 acre tract;referred to as
"Tract 1,Parcel 2.11",described M Document No,2001000017,official_Public Records of!faeces County,
Teas,and a 832.0 acri tract referred to as'Reynolds/Alcoa Retched Tract 1'In Document Na:
2001000017,0Mcial Public Records of Nieces County,Teas,Ind being more particularly desa#d by
metes and bounds salamis:
Cmnmendng ata found S/8 inch Won rod,being the southeast of a 175.2 acie tract referrad to as
"Reynol d/Nma Retained Trait 3"In Docvmint No,2001000017,Oita!Public tecorrJS.of Nireoes
County;Taos,said.comer laving a State Wine Grid Coordinate*N 17,211,109.14,1,1.383,532.78',
NAD'83,Texas South Zone,and said corner also being an inside comer ofsaid,212;20 acne tient as
shown in MEI Govind drawing no.0303-501-004 and drawl*no.0309.501-005i
Thence along the northeasterly boundary of said 212.20 acre tract,S 17.-32.44 C250.60 feet,to the
Point of Bestnnin(and northeast corner of tics herein described tract,sald.eorner hav1r a State Plane
e
Grid Coordinatof N 17,210,870.02';1,1,383„608.38',NAO.83,Toss South Zone,and being an the
Mean Nigher Nigh Water Une of Corpus axisti Bay;
Thence S 17-92-441,46.08 feet,to an interior corner of this herein desalbed tract,same being an
interior corner of said 212.20 acre tract;
Thence 50140-32 767.00 feet,to a point on the on the South 0rie:of a 31.62 acre tract,referred to as
"Tract 1,Parcel S'as recorded M Document No.2001000032,.Official Pubhk Records of Ntreces County,
Texas,said point being the Port of Corpus Christi Authorfy North Bulkhead brie,also being the
southeast corner of said 21220 acre tract,same be ngthe southeast corner ofthis herein described
tract
Thence along the south boundary atilt,herein described tract,the south boundary of said 212.20 acre
tract,die Northeuikhead Lina,N 77-3059 W,3569.00 feet,to the southwest earner of this herein
described tract,same being the Southwest corner of saki 21220 acre tract
Thence leaving said North Bulkhead Line,N 07-0029 W,244.22 feet,to an interior corner of this herein
described tract,said corner being on the west boundary line of said 21220 acre tract,and also being pn
saki Mean Higher Nigh Water line(MHHW);
Thence along said Mean Higher High Water lire as follows:
N 87-07141,13.56 feet
532-02-58 C 21.05feet;
N 6&07.01 E,19.87 feet
5 61.24-171,14.94 feet
• N 45-48-361,13.55 feet
N 25.00.56 W,72.49 feet;
Thence 585-43-21 W,42.23 feet,to an interior corner of this herein described tract,said corner being
on the westboundary One of Bald 23220 acre tract
Thence along the west boundary of said 212.20 acre tract,N 07-Q0-29 W,3033 feet to the northwest
corner of this herein described tract,and being on said Mean Higher High Water Line;
Thence with said Mean Higher Nigh Water line(MHMN)as follows:
N 84.4025 E,16.36 feet;
S
8444-31E,ta.13 feet;
S 03-16=181;36.14 felt
5 72-16-101,17.07 feet,
N 53-23-13 E,27.28 fear
S 87-50-01 E,80A7 feet;
N 82-21-56 E,49.49 feet;
N 87-19-40 E.4023 feet
S 62-13-541.24.71 feet;
53148-19 E,3033 feet;
662
182428
N 37-21-50 W,9.14 feet,
N 48,34-53 E,60.83 feet;
N 8844-21 E,61.52 fe
5 62-33-10 6,49.74 fee%
585-11-41 6,51.68 fee%
N 7946-23 6,36.81feet;
N 65-12456,35.50 feet:
S 79.22-43 6,56.99 fee%
556-33-SO E,58.76 fee%
548-44.43 6,11154 fee%
552.35.416,46.53 fee%
S 85-06.59 6,40.01 feet;
S 60-2457 E,12.72 feet;
5 35-27-18 E,3743 feat;
S 6004-28 E 39.02 fee%
S 84-37-50 6,2021 feet;
N 59-26-246,36.04 fee%
N 4545-06 6,277.10 fee%
N 6649 6,27.43 feet;
5 74-1219 W,47.14 feet;
N 8646-05W,28.83 feet
Thence N 74-45-13 W,16.89 feet,along said Mean Higher High Water Une,to the Point of Beginning
and containing 52.25 acres at land,more or less.
STATE
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/ 140100
Notes:
1) Bearings are State Plane Grid,Texas South Zone,NAD'83.
2) MHHW Line based on TCOQN Gauge Ingleside"
663