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HomeMy WebLinkAboutRES 041426-5.G - Heirloom PID Developer Deposit AgreementCERTIFICATE FOR RESOLUTION NO. 04 I H 2% -5. C-1 THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF GEORGETOWN We, the undersigned officers and members of the City of Georgetown, Texas (the "City"), hereby certify as follows: 1. The City Council of the City convened in REGULAR MEETING ON THE 14tn DAY OF April, 2026, (the "Meeting"), and the roll was called of the duly constituted officers and members of the City, to -wit: Josh Schroeder, Mayor Amanda Parr, Councilmember District 1 Shawn Hood, Councilmember District 2 Ben Butler, Councilmember District 3 Ron Garland, Councilmember District 4 Kevin Pitts, Councilmember District S Jake French, Councilmember District 6 Ben Stewart, Councilmember District 7 and all of the persons were present, except the following absentees:A—I 0,_ , thus constituting a quorum. Whereupon, among other business, the following was transacted at the Meeting: as written A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, APPROVING A DEVELOPER DEPOSIT AGREEMENT BETWEEN THE CITY OF GEORGETOWN, TEXAS AND HEIRLOOM EAST TX, LLC, AND HEIRLOOMTX, LLC, PUBLIC IMPROVEMENT DISTRICT, AND MAKING RELATED FINDINGS AND DETERMINATIONS was duly introduced for the consideration of the City Council. It was then duly moved and seconded that the Resolution be passed on first reading; and, after due discussion, said motion carrying with it the passage of the Resolution, prevailed and carried by the following vote: AYES: NOES: 0- Heirloom: Deposit Agreement Resolution 2. A true, full and correct copy of the Resolution passed at the Meeting described in the above and foregoing paragraphs is attached to and follows this Certificate; that the Resolution has been duly recorded in the City Council's minutes of the Meeting; that the above and foregoing paragraphs are a true, full and correct excerpt from the City Council's minutes of the Meeting pertaining to the passage of the Resolution; that the persons named in the above and foregoing paragraphs are the duly chosen, qualified and acting officers and members of the City Council as indicated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the Meeting, and that the Resolution would be introduced and considered for passage at the Meeting, and each of the officers and members consented, in advance, to the holding of the Meetings for such purpose, and that the Meeting was open to the public and public notice of the time, place and purpose of the meeting was given, all as required by Chapter 551, Texas Government Code. 3. The Mayor of the City has approved and hereby approves the Resolution; that the Mayor and the City Secretary of the City have duly signed the Resolution; and that the Mayor and the City Secretary of the City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of the Resolution for all purposes. SIGNED AND SEALED the 14th day of [CITY SEAL] Heirloom: Deposit Agreement Resolution RESOLUTION NO. n4 l a(g 5 -_6 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS APPROVING A DEVELOPER DEPOSIT AGREEMENT BETWEEN THE CITY OF GEORGETOWN, TEXAS AND HEIRLOOM EAST TX, LLC, AND HEIRLOOMTX, LLC, PUBLIC IMPROVEMENT DISTRICT, AND MAKING RELATING FINDINGS AND DETERMINATIONS WHEREAS, the owner, together with Georgetown Independent School District ("GISD"), owns approximately 618 acres of land in the City's extraterritorial jurisdiction that it desires to develop which is further described in Exhibit A hereto (the "Property"); and WHEREAS, the Parties have determined that the financing of a portion of the costs of the Public Improvements necessary for the development of the Property, can be achieved by means of Chapter 372, Texas Local Government Code, as amended, entitled the Public Improvement District Assessment Act ("PID Act"); and WHEREAS, on August 26"', 2025, after notice and hearing in accordance with the Act, the City Council passed and approved Resolution No. 082625-6.P (the "PID Creation Resolution") authorizing the creation of the Heirloom Public Improvement District (the "PID") pursuant to the Act, covering approximately 618 contiguous acres within the City's extraterritorial jurisdiction, which land is described in the PID Creation Resolution (the "Property"), and the PID Creation Resolution became effective immediately after its passage; and WHEREAS, the Parties have determined that the financing of a portion of the costs of the Public Improvements necessary for the development of the Property, can be achieved by means of Chapter 372, Texas Local Government Code, as amended, entitled the Public Improvement District Assessment Act ("PID Act"); and WHEREAS, the City recognizes that the City will continue to incur expenses related to the PID including, but not limited to professional services provided to the City by its consultants, and the Developer has agreed to reimburse the City for those expenses in accordance with the terms and conditions of the Developer Deposit Agreement attached to this Resolution as Attachment A. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS THAT: Section 1. The findings set forth in the recitals of this Resolution are found to be true and correct and are incorporated into this Resolution for all purposes by this reference. Section 2. The City Council hereby approves, and authorizes the Mayor to sign, the Developer Deposit Agreement in the form attached to this Resolution as Attachment A. Section 3. The Mayor is hereby authorized to sign this Resolution and the City Secretary to attest thereto on behalf of the City of Georgetown, Texas. This Resolution will become effective immediately upon its passage. RESOLVED by the City Council of the City of Georgpfi CITY OF GEOiYGE Lo ATTEST: By: Robyn Dcns i re, City Secretary APPROVED AS TO FORM: BY-4 y: 7Skye Masn' , City Attorney Heirloom — Developer Deposit Agreement Page 2 exas on &6 1 `i 2-040 V. TEXAS , Mayor Exhibit A Developer Deposit Agreement {see attached} Heirloom — Developer Deposit Agreement Page 3 DEVELOPER DEPOSIT AGREEMENT This Developer Deposit Agreement (this "Agreement"), effective as of the 6th day of _March , 2026, (the "Effective Date"), is made and entered into by and between the City of Georgetown Texas (the "City") and HEIRLOOM EAST TX, LLC, a Delaware limited liability company ("Heirloom East") and HEIRLOOMTX, LLC, a Delaware limited liability company ("Heirloom Tx") (collectively, "Owner"), herein collectively referred to as ("Party" or "Parties"). WHEREAS, the Owner, together with Georgetown Independent School District ("GISD"), owns approximately 618 acres of land in the City's extraterritorial jurisdiction that it desires to develop which is further described in Exhibit A hereto (the "Property"); and WHEREAS, the Parties have determined that the financing of a portion of the costs of the Public Improvements necessary for the development of the Property, can be achieved by means of Chapter 372, Texas Local Government Code, as amended, entitled the Public Improvement District Assessment Act ("PH) Act"); and WHEREAS, the Owner desires to develop the Property as a mixed -use development (the "Project"), submitted a petition to the City for the creation of a Public Improvement District under the PID Act, and the City authorized the creation of the Heirloom Public Improvement District (the "PID") on August 26, 2025 pursuant to Resolution No. 082625-5P; and WHEREAS, the Parties hereto recognize that the City will continue to incur expenses through the entire PID review process until final completion of the development ("City Expenses") including but not limited to: professional services, legal publications, notices, reproduction of materials, public hearing expenses, recording of documents, engineering fees, attorney fees, special consultant fees, and fees for administrative time of City staff; and NOW, THEREFORE, in consideration of the mutual benefits and promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Payment for Professional Services. Within ten (10) days of the Effective Date, the Owner shall deposit with the City $65,000 (the "Initial Deposit") for payment of City Expenses necessary to draft, review and coordinate the proceedings related to the creation of the PID, the levy of assessments within the PID, and issuance of PID Bonds including the costs and expenses for professional services incurred (or to be incurred) by the City's consultants listed on Exhibit B hereto. (a) The City agrees to hold the Initial Deposit and any additional Owner's contributions in a separate fund maintained by the City which may only be used for City Expenses related to the PID. (b) The City will pay City Expenses out of the amount deposited with the City and keep accounting of all charges for City Expenses incurred for the PID and any unused contributions shall be returned to the Owner. Costs and expenses for professional services incurred by the City's consultants listed on Exhibit 13 attached hereto (other than the flat PID creation fee of $20,000 for the Financial Advisor and the flat PID creation fee of $30,000 for the Bond Counsel) shall be evidenced by invoices that describe the work performed by date and time entries and shall be provided to Owner at least fifteen (15) days before they are required to be paid. With respect to the City's consultants who bill hourly, the Owner acknowledges that costs and expenses for professional services are subject to increase as a result of reasonable periodic increases in fees or substitution of said consultants. The City shall provide written notice of any such increase in fees or substitution of the City's consultants to the Owner alongside the first invoice following any such increase in fees or substitution of the City's consultants. (c) If the balance in the City Expenses fund falls below $1,000, or is reasonably expected to fall below $1,000, before the Project is completed, the City Manager's Office will provide written notice to Owner. The notice will include an accounting of the City Expense fund as of the date of the notice as well as the invoices described in subparagraph (b) above (if not previously provided to Owner), and an estimate of the additional amount of City Expenses the City Manager's Office reasonably expects to be required to complete the PID Project (the "Additional Amount"). Owner shall pay the Additional Amount within fifteen (15) days after receipt of a request by the City Manager's Office together with the applicable accounting and invoices. (d) In the event the balance for City Expenses is exhausted, upon notice, Owner shall pay the balance owed in full within fifteen (15) days in addition to the remittance of the additional funds as provided above. (e) In the instance that deposits of additional funds are not timely made, the City has no obligation to incur any additional costs and expenses in connection with the PID. (f) After any City consultant fees have been paid as City Expenses, the applicable City consultant(s) shall not be paid for the same City Expenses through any additional invoices or through PID bond proceeds. (g) Notwithstanding anything to the contrary, City Expenses invoiced and due within thirty (30) days prior to the closing of 1'ID bonds may be paid to the City's consultants, at Owner's option, through PID bond proceeds upon the closing of PID bonds. (h) Owner may be reimbursed from proceeds of 1'ID bonds issued in connection with the PID for the City Expenses paid in accordance with this Agreement and the PID Act. 0) Failure of Owner to meet its obligations above may result in the suspension or revocation of any active development permits and/or the City's right to reduce the amount of Assessment Revenues by the amount of the unpaid City Expenses. The City shall give the Owner written notice and a thirty (30) day opportunity to cure prior to reducing any amount of the Assessment Revenues. 2. No ObliLyation to 1,:stablish Bonds. Owner acknowledges that the City has no obligation to issue any bonds or other indebtedness with respect thereto, and nothing contained within this Agreement shall create any such obligation. The Owner's obligation to pay the City Expenses shall exist and continue independent of whether the bonds or other indebtedness are approved. This Agreement shall confer no vested rights or development rights on the Property or to the Owner. Further, this Agreement shall provide no assurances, promises, or covenants to approve any development in the Property. 3. 'termination. This Agreement shall terminate upon the issuance of bonds issued in sufficient amounts to reimburse Owner for eligible costs within the PID as determined by the City or upon agreement of the Parties. The City shall be entitled to pay its consultants for all professional services incurred through the date of termination; however, any excess funds remaining after such payments have been made shall be promptly refunded to Owner. 4. Entire Agreement, This Agreement contains the entire agreement between the Parties with respect to the transactions contemplated herein. 5. Amendment. This Agreement may only be amended, altered or revoked by written instrument approved by the City Manager or designee. 6. Successors and Assigns. Neither City nor Owner may assign or transfer their interest in the Agreement without prior written consent of the other Party. 7. Notice. Any notice and/or statement required and permitted to be delivered shall be deemed delivered by depositing same in the United States Mail, Certified, with Return Receipt Requested, postage prepaid, addressed to the appropriate party at the following addresses, or at such other addresses provided by the parties in writing: If to City: City Manager City of Georgetown City Hall 808 Martin Luther King Jr. St. Georgetown, Texas 78626-5527 With a copy to: City Attorney City of Georgetown City Hall 808 Martin Luther King Jr. St. Georgetown, Texas 78626-5527 If to Owner: Attn: John Landwehr 4215 W. Lovers Lane, Ste 150 Dallas, TX 75209 Email: iandwehr<a)columnarinvestments.co►n Attn: Logan Kimble 7600 N. Capital of Texas Hwy, Bldg. C, Ste. 160 Austin, TX 78731 Email: Ililllll)Ic�C11coIUn111[ll'lI1VCStlllcnts.CollI With a copy to: Metcalfe Wolff Stuart and Williams, LLP 221 West 6th St., Suite 1300 Austin, TX 78701 Attn: Talley Williams Fax: (512) 404-2245 Email: twilliams(Dmwswtexas.com 8. Interpretation. Regardless of the actual drafter of this Agreement, this Agreement shall, in the event of any dispute over its meaning or application, be interpreted fairly and reasonably and neither more strongly for or against either party. 9. Applicable Law. This Agreement is made, and shall be construed in accordance with the laws of the State of Texas and venue shall lie in Williamson County, Texas. 10. Sep erability. In the event any portion or provision of this Agreement is illegal, invalid, or unenforceable under present or future law, then and in that event, it is the intention of the parties hereto that the remainder of this Agreement shall not be affected thereby, and it is also the intention of the parties to this Agreement that in lieu of each clause or provision that is found to be illegal, invalid or unenforceable, a provision be added to this Agreement which is legal, valid and enforceable and is as similar in terms as possible to the provision found to be illegal, invalid or unenforceable. 11. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. 12. Statutory Verifications. Owner makes the following representations and covenants pursuant to Chapters 2252, 2271, 2274, and 2276, Texas Government Code, as heretofore amended (the "Government Code"), in entering into this Agreement. As used in such verifications, "affiliate" means an entity that controls, is controlled by, or is under common control with Owner within the meaning of SEC Rule 405, 17 C.F.R. § 230.405, and exists to make a profit. Notwithstanding anything in this Agreement to the contrary, the representations and covenants contained in this Section 12 shall survive termination of this Agreement until the statute of limitations has run. a. Not a Sanctioned Company. Owner represents that neither it nor any of its parent company, wholly- or majority -owned subsidiaries, and other affiliates is a company identified on a list prepared and maintained by the Texas Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Government Code. The foregoing representation excludes any company and each of its parent company, wholly- or majority -owned subsidiaries, and other affiliates, if any, that the United States government has affirmatively declared to be excluded from its federal sanctions regime relating to Sudan or Iran or any federal sanctions regime relating to a foreign terrorist organization. b. No Bovcott of Israel. Owner hereby verifies that it and its parent company, wholly- or majority -owned subsidiaries, and other affiliates, if any, do not boycott Israel and will not boycott Israel during the term of this Agreement. As used in the foregoing verification, "boycott Israel" has the meaning provided in Section 2271.001, Government Code. C. No Discrimination Against Firearm Entities. Owner hereby verifies that it and its parent company, wholly- or majority -owned subsidiaries, and other affiliates, if any, do not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association and will not discriminate against a firearm entity or firearm trade association during the term of this Agreement. As used in the foregoing verification, "discriminate against a firearm entity or firearm trade association" has the meaning provided in Section 2274.001(3), Government Code. d. No Boycott of Energy Companies. Owner hereby verifies that it and its parent company, wholly- or majority -owned subsidiaries, and other affiliates, if any, do not boycott energy companies and will not boycott energy companies during the term of this Agreement. As used in the foregoing verification, "boycott energy companies" has the meaning provided in Section 2276.001(1), Government Code. 13. Form 1295. Submitted herewith is a completed Form 1295 in connection with the execution of this Agreement generated by the Texas Ethics Commission's (the "TEC") electronic filing application in accordance with the provisions of Section 2252.908 of the Texas Government Code and the rules promulgated by the TEC (the "Form 1295"). The City hereby confirms receipt of the Form 1295 from Owner, and the City agrees to acknowledge such form with the TEC through its electronic filing application not later than the 30th day after the receipt of such form. Owner and the City understand and agree that, with the exception of information identifying the City and the contract identification number, neither the City nor its consultants are responsible for the information contained in the Form 1295; that the information contained in the Form 1295 has been provided solely by Riverside; and, neither the City nor its consultants have verified such information. [Signature page to follow] CITY: CITY OF GE9RGETq", TEXAS By: JOSS Schroede , Mayor HEIRLOOM EAST TX, LLC, a Delaware limited liability company By: Name: Title: Manager HEIRLOOMTX, LLC, a Delaware limited liability company By: Name: Danie ra r Title: Manager C41 Exhibit A Property Description [See attached] E.A-'-,,R,L,,Y, LAND SURVEYIN"',Q, LLC P.O. Box 92588, Austin, TX 78709 512-202-8631 earlysurveying.com TBPELS Firm No. 10194487 361.943 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 361,943 ACRES (APPROXIMATELY 15,766,246 SQ. FT.) IN THE CHARLES H. DELANEY SURVEY NO.11, ABSTRACT NO, 181 IN WILLIAMSON COUNTY, TEXAS, BEING ALL OF A 362.01 ACRE TRACT CONVEYED TO GVM III, LLC IN A SPECIAL WARRANTY DEED DATED JANUARY 30, 2019 AND RECORDED IN DOCUMENT NO. 2019009671 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 361.943 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS; BEGINNING at a 1/2" rebar found in the north right-of-way line of Ronald Reagan Boulevard (right-of-way width varies) as described in Document No. 2006073735 of the Official Public Records of Williamson County, Texas, being the southernmost southeast corner of the said 362.01 acre tract, being also the southwest corner of Lot 5, Block F, Wade Crossing Phase 1, a subdivision recorded in Cabinet T, Slide 61 of the Plat Records of Williamson County, Texas; THENCE with the north right-of-way line of Ronald Reagan Boulevard and the south line of the said 362.01 acre tract, the following thirteen (13) courses and distances: 1. South 64°21'56" West, a distance of 61.85 feet to a 1/2" rebar with "RPLS 5784" cap found; 2. With a curve to the left, having a radius of 8650.00 feet, a delta angle of 04"26'04", an arc length of 669.48 feet, and a chord which bears South 62020'34" West, a distance of 669.31 feet to a 1/2" rebar with "PBSJ" cap found; 3. North 30°06'18" West, a distance of 9.99 feet to a 1/2" rebar with "PBSJ" cap found; 4. With a curve to the left, having a radius of 8670.00 feet, a delta angle of 01 °28'05", an arc length of 222.14 feet, and a chord which bears South 59°23'20" West, a distance of 222.14 feet to a 1/2" rebar with "RPLS 5784" cap found; 5. South 58039'00" West, a distance of 254.37 feet to a 1/2" rebar with "PBSJ" cap found; Page 2 6. North 31°40'32" West, a distance of 9.94 feet to a 1/2" rebar with "PBSJ" cap found; 7. South 58°39'01" West, a distance of 1518,07 feet to a 1/2" rebar with "PBSJ" cap found; 8. South 31034'30" East, a distance of 20.03 feet to a 1/2" rebar with "PBSJ" cap found; 9. South 58039'20" West, a distance of 1706.47 feet to a 1/2" rebar with "PBSJ" cap found; 10. North 32001'03" West, a distance of 9.97 feet to a 1/2" rebar with "PBSJ" cap found; 11.South 58°40'41" West, a distance of 382.01 feet to a 1/2" rebar with "PBSJ" cap found; 12.South 31019'19" East, a distance of 10.14 feet a cotton spindle "Early Boundary" washer set; 13.South 58040'41" West, a distance of 42.16 feet to a 1/2" rebar with "PBSJ" cap found for the southwest corner of said 362.01 acre tract, being the southeast corner of a 523.521 acre tract described in Document No. 2022010857 of the Official Public Records of Williamson County, Texas; THENCE with the west line of said 362.01 acre tract and the east line of said 523.521 acre tract, the following six (6) courses and distances: 1. North 20°51'09" West, a distance of 1031.61 feet to a 1/2" rebar found in the west side of a live oak tree; 2. North 2702027" West, a distance of 238.87 feet to a 1/2" rebar with illegible cap found; 3. North 20°43'00" West, a distance of 451.23 feet to a 1/2" rebar with illegible cap found; 4. North 20'44'15" West, a distance of 766.10 feet to a 1/2" rebar with illegible cap found; 5. North 64"38'15" East, a distance of 15.94 feet to 1/2" rebar found; 6. North 21°03'54" West, a distance of 2128.29 feet to a 1/2" rebar with "RPLS 5784" cap found for the northwest corner of said 362,01 acre tract; Page 3 THENCE North 68°43'41" East, with the north line of the 362.01 acre tract and the south line of the 523.521 acre tract, passing a 1/2" rebar with "Bury" cap found at a distance of 729.11 feet and continuing for a total distance of 3065.64 feet to a 1/2" rebar found in the southwest right-of-way line of County Road 248, being the northeast corner of the said 362.01 acre tract, being the easternmost corner of the said 523.521 acre tract; THENCE with the west right-of-way line of County Road 248 and the east line of the said 362.01 acre tract, the following five (5) courses and distances: 1. South 64044'40" East, a distance of 923.60 feet to a 1/2" rebar found; 2. South 40032'58" East, a distance of 91.06 feet to a 1/2" rebar found; 3. South 15030'30" East, a distance of 728.47 feet to a 6" x 6" square metal fence post; 4. South 38036'41" East, a distance of 440.03 feet to a 1/2" rebar found; 5. South 60"43'49" East, a distance of 359.07 feet to a 1/2" rebar in concrete found for a southeast corner of the said 362.01 acre tract, being an angle point in the north line of Lot 36, Block F, of said Wade Crossing Phase 1, from which a 1/2" rebar found for angle point in the south right-of-way line of County Road 248, being the northeast corner of Lot 36, bears North 14044'57" East, a distance of 21.45 feet; THENCE with the common line of the said 362.01 acre tract, said Wade Crossing Phase 1 and Wade Crossing Phase II, a subdivision recorded in Cabinet V, Slide 227 of the Plat Records of Williamson County, Texas, the following ten (10) courses and distances: 1. South 68942'08" West, a distance of 700.14 feet to a 1/2" rebar with "Diamond" cap found for the northwest corner of said Lot 36, Block F, of said Wade Crossing Phase 1; 2. South 21"17'04" East, a distance of 160.18 feet to a 1/2" rebar found for the southwest corner of said Lot 36, being the northwest corner of Lot 32, Block F, of said Wade Crossing Phase II; 3. South 21°02'35" East, a distance of 157.37 feet to a 1/2" rebar with illegible cap found for the northwest corner of Lot 31, Block F, of said Wade Crossing Phase II; 4. South 21 *1320" East, a distance of 231.14 feet to a 1/2 rebar with illegible cap found for the southwest corner of said Lot 31, being the northwest corner of Lot 30, Block F, of said of said Wade Crossing Phase II; Page 4 5. South 21°10'18" East, a distance of 244,21 feet to a 1/2" rebar with illegible cap found for the southwest corner of said Lot 30, being the northwest corner of Lot 29, Block F, of said Wade Crossing Phase II; 6, South 21 ° 13'23" East, a distance of 296.63 feet to a 1/2" rebar with illegible cap found for the southwest corner of said Lot 29; 7. South 21°15'05" East, a distance of 130.36 feet to a mag nail in concrete found for the southwest corner of Lot 28, Block F, of said Wade Crossing Phase II, from which a 1/2" rebar found, bears North 13010'21" East, a distance of 0.72 feet; 8. North 69°15'03" East, a distance of 249.83 feet to a 112 rebar with illegible cap found for the southeast corner of said Lot 28, being the southwest corner of Lot 27, Block F, of said Wade Crossing Phase II; 9. North 69°12'00" East, a distance of 1231.49 feet to a 1/2" rebar found for the southeast corner of Lot 9, Block F, of said Wade Crossing Phase II; 10. South 17°40'36" East, a distance of 407.67 feet to the POINT OF BEGINNING, containing an area of 361.943 acres, more or less. Surveyed on the ground on March 30, 2023 Bearing Basis: The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network. Attachments: Survey Drawing No. 1093-002-BASE � 31 Z3 Joe Ben Early, Jr. Date :N Registered Professional Land Surveyor ;jpt~j N EARLY, lii.. State of Texas No. 6016 `.:;a"6016 ��� Q E A, R LY L A, N D S URVE YIN G , L - L C P.O. Box 92588, Austin, TX 78709 512-202-8631 earlysurveying.com TBPELS Firm No. 10194487 112.041 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 112.041 ACRES (APPROXIMATELY 4,880,523 SQ. FT.) IN THE C.H. DELANEY SURVEY NO. 11, ABSTRACT NO. 181 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 5, M.C. HAMILTON'S SUBDIVISION, A SUBDIVISION OF RECORD IN VOLUME 27, PAGE 137 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 113.5 ACRE TRACT CONVEYED TO EMZIE FISHER IN A DEED DATED APRIL 11, 1979 AND RECORDED IN VOLUME 756, PAGE 287 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, SAVE AND EXCEPT A 10,000 SQ. FT. TRACT DESCRIBED IN A MEMORANDUM OF PCS SITE AGREEMENT DATED APRIL 26, 2001, AND RECORDED IN DOCUMENT NO. 2001040420 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND AMENDED IN DOCUMENT NO. 2017027880 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 112.041 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a concrete highway monument found for a point of tangency in the west right-of-way line of Ranch Road 2338 (variable width right-of-way) as described in Volume 416, Page 60 of the Deed Records of Williamson County, Texas, and shown on TXDOT right-of-way strip map CSJ 2211-01-001, being in the south line of said 113.5 acre tract, same being the south line of said Lot 5, being also in the north line of a 50 acre tract described in Volume 353, Page 94 of the Deed Records of Williamson County, Texas; THENCE South 69°10'58" West, with the south line of said 113.5 acre tract, same being the south line of said Lot 5, also being the north line of said 50 acre tract, a distance of 374.52 feet to a 1/2" rebar with "Steger Bizzell" cap found for the northernmost northeast corner of Lot 1, G.I.S.D. West Side, a subdivision of record in Document No. 2018043822 of the Official Public Records of Williamson County, Texas; THENCE South 69°08'50" West, with the south line of said 113.5 acre tract, same being the south line of said Lot 5, also being the north line of said Lot 1, a distance of 1407.11 feet to a 1/2" rebar found; THENCE South 69°20'01" West, continuing with the south line of said 113.5 acre tract, same being the south line of said Lot 5, also being the north line of said Lot 1, passing Page 2 at a distance of 1659.17 feet a 1/2" rebar with "Steger Bizzell" cap found in the east right-of-way line of County Road 248 (right-of-way width varies), being the northwest corner of said Lot 1, also being the northeast corner of a 1.43 acre right-of-way dedication shown on said G.I.S.D. West Side subdivision, passing at an additional distance of 23.47 feet a 1/2" rebar with "Steger Bizzell" cap found for the northwest corner of said 1.43 acre right-of-way dedication and continuing, in all, a total distance of 1730.44 feet to a calculated point in the center of the existing pavement of County Road 248; THENCE with the centerline of the existing pavement of County Road 248, as approximated by the following courses and distances: 1. North 65057'11" West, a distance of 456.27 feet to a calculated point; 2. North 67052'24" West, a distance of 1147.05 feet to a calculated point; 3. North 60°21'36" West, a distance of 78.43 feet to a calculated point for the northwest corner of said 113.5 acre tract, being in the north line of said Lot 5; THENCE North 68039'29" East, with the north line of said 113.5 acre tract, same being the north line of said Lot 5, a distance of 45.32 feet to a bent 1/2" rebar found in the east right-of-way line of County Road 248, being the southeast corner of a right-of-way dedication shown on West Ridge Subdivision Section One, a subdivision of record in Cabinet P, Slide 358 of the Plat Records of Williamson County, Texas, also being the southwest corner of Block B of said West Ridge Subdivision Section One; THENCE North 68°39'29" East, with the north line of said 113.5 acre tract, same being the north line of said Lot 5, and the south line of said Block B, West Ridge Subdivision Section One, and Block B, West Ridge Subdivision Section Two, a subdivision of record in Cabinet Q, Slide 82, of the Plat Records of Williamson County, Texas, and Block B, West Ridge Subdivision Section Three, a subdivision of record in Cabinet Q, Slide 84, of the Plat Records of Williamson County, Texas, and Block B, West Ridge Subdivision Section Four, a subdivision of record in Cabinet Q, Slide 311, of the Plat Records of Williamson County, Texas, a distance of 4632.80 feet to a calculated point for an angle point in the west right-of-way line of Ranch Road 2338, being the southwest corner of a 20' right-of-way dedication shown on said West Ridge Subdivision Section Four; THENCE North 68039'29" East, with the right-of-way line of Ranch Road 2338 and the north line of said 113.5 acre tract, same being the north line of said Lot 5, passing at a distance of 18.99 feet to 1/2" rebar found, and continuing, in all, a total distance of 20.00 feet to a calculated point for an angle point in the west right-of-way line of Ranch Road 2338, from which: • a concrete highway monument found for a point of -tangency in the west right -of way line of Ranch Road 2338, bears North 22°14'26" West, a distance of 1814.24 feet, Page 3 • a concrete highway monument found in the east right-of-way line of Ranch Road 2338, bears North 22014'26" West, a distance of 63.67 feet, and North 67°45'34" East, a distance of 80.00 feet; THENCE crossing said 113.5 acre tract with the west right-of-way line of Ranch Road 2338, the following courses and distances: 1. South 22°14'26" East, a distance of 962.43 feet to a calculated point for a point of curvature, from which a disturbed concrete highway monument found, bears South 67°45'34" West, a distance of 1.30 feet; 2. With a curve to the right, having a radius of 11419.16 feet, a delta angle of 01 °14'47", an arc length of 248.41 feet, and a chord which bears South 21 °33'43" East, a distance of 248.40 feet to the POINT OF BEGINNING, containing an area of 112.271 acres, for a net acreage of 112.041 acres of land, more or less, of which approximately 1.375 acres lies between the fence and the center of the existing pavement of County Road 248. SAVE AND EXCEPT TRACT A DESCRIPTION OF 10,000 SQ. FT. IN THE C.H. DELANEY SURVEY NO. 11, ABSTRACT NO. 181 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 5, M.C. HAMILTON'S SUBDIVISION, A SUBDIVISION OF RECORD IN VOLUME 27, PAGE 137 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 113.5 ACRE TRACT CONVEYED TO EMZIE FISHER IN A DEED DATED APRIL 11, 1979 AND RECORDED IN VOLUME 756, PAGE 287 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS AND BEING ALL OF A 10,000 SQ. FT. TRACT DESCRIBED IN A MEMORANDUM OF PCS SITE AGREEMENT DATED APRIL 26, 2001, AND RECORDED IN DOCUMENT NO. 2001040420 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND AMENDED IN DOCUMENT NO. 2017027880 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 10,000 SQ. FT. MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING at a bent 1/2 rebar found in the east right-of-way line of County Road 248, being the southeast corner of a right-of-way dedication shown on West Ridge Subdivision Section One, a subdivision of record in Cabinet P, Slide 358 of the Plat Records of Williamson County, Texas, being the southwest corner of Lot 4, Block B of the said West Ridge Subdivision Section One, being also in the north line of the said 113.5 acre tract; THENCE South 67 22 36 East, crossing the said 113.5 acre tract, a distance of 1307.76 feet to a 5/8" rebar with "Cobb Fendley Associates cap found for THE POINT OF BEGINNING, being the apparent west corner of the said 10,000 sq. ft. tract; Page 4 THENCE continuing across the said 113.5 acre tract with the apparent perimeter of the said 10,000 sq. ft. tract, the following courses and distances: 1. North 22°37'24" East, a distance of 100.00 feet to a calculated point; 2. South 67°22'36" East, a distance of 100.00 feet to a 5/8" rebar with "Cobb Fendley Associates" cap found; 3. South 22°37'24" West, a distance of 100.00 feet to a calculated point, from which a 1/2" rebar with "Steger Bizzell" cap found in the east right-of-way line of County Road 248 (right-of-way width varies), being the northwest corner of Lot 1, G.I.S.D. West Side, a subdivision of record in Document No. 2018043822 of the Official Public Records of Williamson County, Texas, being the northeast corner of a 1.43 acre right-of-way dedication shown on the said G.I.S.D. West Side subdivision, also being in the south line of the said 113.5 acre tract bears, South 68"38'13" East, a distance of 292.54 feet; 4. North 67022'36" West, a distance of 100.00 feet the POINT OF BEGINNING, containing 10,000 sq. ft., more or less. Surveyed on the ground on December 30, 2024. Bearing Basis: The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network. Attachments: Survey Drawing No. 1093-002-BASE-125 AC 01 /02/2025 John L. Briley Date Registered Professional Land Surveyor State of Texas No. 7070 T P JOHN L.-BEET 7070 GISD Property [See next 8 pages] BEING 98.38 acres of land, situated in the Charles H. Delaney Survey, Abstract No. 181, in Williamson County, Texas, said land being a portion of that certain tract of land, called 132.42 acres, as conveyed to Willrae Partners I, Ltd. by deed recorded as Document No. 2004067447 of the Official Records of Williamson County, Texas. Surveyed on the ground in the month of December, 2005, under the supervision of Brian F. Peterson, Registered Professional Land Surveyor, and being more particularly described as follows; BEGINNING at an iron pin found on the west line of Farm to Market Highway No. 2338, marking the most easterly Northeast corner of the above -referenced Willrae Partners I, Ltd. tract, being the occupied Southeast corner of that certain tract of land, called 50 acres, as conveyed to Emzie Lee Fisher and wife, Elzora Fisher, by deed as recorded in Volume 353, Page 94, of the Deed Records of Williamson County, Texas, for the most easterly Northeast corner hereof; THFNCF,, along the said west line of F.M. Highway No. 2338, being an easterly line of the said Willrac Partners I, Ltd. tract, S 20' 59' 45" E, 140.01 feet to an iron pin set for the most northerly Southeast corner hereof; THENCE, S 69° 36' 15" W, 565.00 feet to an iron pin set for an interior corner hereof, THENCE, S 240 18' 15" W, 260.32 feet to an iron pin set for an interior corner hereof; TI IENCE, S 200 59' 45" E, 815.00 feet to an iron pin set; and S 25' 10' 15" E, 944.38 feet to an iron pin set on the north line of County Road No. 248, being the south line of the said Willrae Partners 1, Ltd. tract, for the most southerly Southeast corner hereof; THENCE, along the north and east line of County Road No. 248, being the south and west Iine of the said Willrae Partners I, Ltd, tract, as follows; N 86' 19' 30" W, 26.23 feet to an iron pin found; N 82° 15' 30" W, 120.16 feet to an iron pin found; N 69' 37' 30" W, 134.82 feet, to an iron pin found; N 65' 08' W, 230.89 feet to an iron pin found; N 68' 34' W, 207.37 feet to an iron pin found at a 10" Hackberry; N 72' 09' 30" W, 270.16 feet to an iron pin found at an 8" Hackberry; N 82° 40' 45" W, 414.51 feet to an iron pin found; N 87' 18' 30" W, 789.19 feet to an iron pin found at a 4" Live Oal<; N 77' 36' W, 53.97 feet to an iron pin found; N 630 23' 15" W, 279.77 feet to an iron pin found; N 51' 54' 15" W, 77.46 feet to an iron pin found; N 38' 08' 30" W, 259.64 feet to an iron pin found at an 8" Live Oak; N 31' 52' 15" W, 64.78 feet to an iron pin found; N 19' 53' W, 223.39 feet to an iron pin found; N 12' 48' 45" W, 198.09 feet to an iron pin found at an 8" Live Oak; N 15' 03' 15" W, 314.92 feet to an iron pin found; N 330 51' 15" W, 73.71 feet to an iron pin found; N 44' 52' W, 48.30 feet to an iron pin found; N 57' 54' 30" W, 66.91 feet to an iron pin found; N 640 39' W, 447.55 feet to an iron pin found and N 650 09' W, 371.07 feet to an iron pin found for the Northwest corner of the said Willrae Partners 1, Ltd. tract, being the Southwest corner of that certain tract of land, called 113.50 acres, as conveyed to Emzie Lee Fisher by deed as recorded in Volume 756, Page 287, of the Iced Records of Williamson County, Texas, for the Northwest corner hereof; Page 1 of 8 THENCE, along the south line of the said 113.50 acre Fisher tract, N 69' 20' E, 1,682.59 feet to an iron pin found marking the most northerly Northeast corner of the said Willrae Partners I, Ltd. tract, for the most northerly Northeast corner hereof; THENCE, with a fence, along an easterly line of the said Willrae Partners I, Ltd. tract, being the west line of the said 50 acre Fisher tract, as follows; S 14' 54' 15" E, 295.09 feet to a 40d nail found; S 14' 07' 45" E, 185.57 feet to a 40d nail found at a railroad tie post; S 18° 39' 15" E, 80.97 feet to a 40d nail found; S 20' 00' 45" E, 64.09 feet to a 40d nail found; S 21' 35' 45" E, 106.19 feet to a 40d nail found at a 32" Live Oak; S 20' 29' E, 280.39 feet to a 40d nail found and S 20' 59' 45" E, 141.06 feet to an iron pin found marking an interior corner of the said Willi-ae Partners I, Ltd. tract, being the Southwest corner of the said 50 acre Fisher tract, for an interior corner hereof, THENCE, N 690 36' 15" E, 1,841.06 feet to the Place of BEGINNING and containing 98.38 acres of land. Page 2 of 8 DESCRIPTION OF 1.63 ACRES OF LAND DESCRIPTION OF A 1.63 ACRE TRACT OF LAND LOCATED IN THE CHARLES H. DULANEY SURVEY NO.2, ABSTRACT NO,181, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF THAT CERTAIN CALLED 34.124 ACRE TRACT OF LAND CONVEYED TO TROOP DURGIN WRIGHT PROPERTIES, LP, BY WARRANTY DEED OF RECORD IN DOCUMENT NUMBER 2016000539, OFTHE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS (OPR), SAID 2.69 ACRE TRACT OF LAND BEING SURVEYED ON THE GROUND IN JANUARY, 2023, UNDER THE DIRECT SUPERVISION OF PATRICK J. STEVENS, RPLS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGiNNING, at a 1/2-inch Iron set with cap stamped "STEGER BIZZELV set in the east -boundary line of said 34,124 acre tract, and In the west right of way of Ranch Road 2338, a right of way of variable width of record In Volume 416, Page 60, of the deed records of Williamson County, Texas (DR), for the southeast corner and POINT OF BEGINNING of the herein described tract, from which a 1/2-Inch Iron rod with cap stamped "PBS&J" found In the west line of said Ranch Road 233E for an easterly corner of said 34.124 acre tract Iles South 20159'34" East, a distance of 158.26 feet; THENCE, over and across said 34.124 acre tract, North 66,02'25" West, a distance of 35.33 feet to a 1/2-Inch Iron set with cap stamped "STEGER BIZZELL", and South 69058'39" West, a distance of 724,89 feet to a cotton spindle set with washer stamped "STEGER BIZZELL" In the east boundary line of that certain called 98.38 acre tract of land conveyed to Georgetown Independent School District by Warranty Deed of record In Document Number 2006075909, OPR, for the southwest corner of the herein described tract, from which a 1/2-Inch Iron set with cap stamped "STEGER e12ZELV In the east line of sold 98.38 acre tract for a westerly corner of said 34,124 acre tract Ices South 20.59'3s" East, a distance of 149.72 feet; THENCE, North 20"59'38" West, a distance of 94.01 feet to a 1/2-Inch Iron set with cap stamped "STEGER BIZZELL" In the east line of said 98.38 acre tract and In the west line of said 34.124 acre tract for the northwest corner of the herein described tract; - THENCE, over and across said 34.124 acre tract, North 69'5B'39" East, a distance of 724.90 feet to a 1J24nch Iron set with cap stamped "STEGER BIZZELO, and North W0514" East, a distance of 35.30 feet to a 1/2-Inch Iron set with cap stamped "STEGER BIZZELL" In the east Tine of said 34.124 acre tract, and in thewest line of said Ranch Road 2338, for the northeast corner of the herein described tract; THENCE, with the east line of said 34,124 acre tract, some being the west line of said Ranch Road 2338, South 20"59'34" East, a distance of 143,90 feet to the POINT OF BEGINNING, and containing 1.63 acres of land, more or less, Within these metes and bounds. Bearings are based on the Texas Coordinate System of 1983, Central Zone (NAD 83 (2011)), All distances shown hereon are grid values represented in U.S. Survey Feet. Page 3 of 8 The foregoing metes and bounds description and survey on which It Is based Is accompanied by and a part of a sketch of the subject tract, I certify that this description was prepared from an on the ground survey made In January, 2023, by me or under my supervision, Steger & 6lzaell Engineering Inc, c- :ii��� Patrick J. Stevens, RPLS Texas Reg. No, 5784 O' ss 10 1978 South Austin Avenue Georgetown, Texas 78626 (5121930-9412 TBP5LS Firm No. W003700 P.\22000-22999\22923 GISD Troop 1^74acVurvey Data\Descriptlons\22929-GISD TROOP ROW-GRID.docx Page 4 of 8 DESCRIPTION OF DESCRIPTION OF A 3853 ACRE TRACT OF LAND LOCATED IN THE C,H. DILANEY SURVEY, ABSTRACT 181, WILLIAMSON COUNTY, TEXAS, BEING OUT OF THATCERTAIN 50ACRE TRACT OF LAND CONVEYED TO EMZIE LEE FISHER, ET UX, BY WARRANTY DEED OF RECORD IN VOLUME 354, PAGE 94, OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 39.53 ACRE TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS., COMMENCING, at a 1/2 inch iron rod found on the west right-of-way line of RM 2338, also known as Williams Drive, an 80.00 foot wide roadway, as dedicated in Volume 416, Page 60, said Deed Records, at Its Intersection with the south line of said 50 acre tract of land, for the eastern most northeast corner of that certain 98.38 acre tract of land conveyed to the Georgetown Independent School District by Warranty Deed of record In Document No. 2006075903, of the Official Public Records of Williamson County, l exas, from which point a 1/2 inch Iron rod with cap stamped "5784" found on said west right -of way line of RM 2338, for the eastern most southeast corner of said 98.38 ac tract of land, same point being the northeast corner of that certain 34.124 acre tract of land conveyed to Troop Durgin Wright Properties, LP, by Special Warranty Deed of record in Document No. 2016000533, said Official Public Records bears south 21`01'00" East, with said right-of-way, a distance of 139.94 feet, THENCE, South 69°3G'44" West, with said south line of the 50 acre tract, sarne line being a north line of said 98.38 acre tract, a distance of 374.52 feet to a 1/2 Inch iron rod with cap stamped "STEGER BITLELL" set for the southeast corner and POINT OF BEGINNING of the herein described tract; THENCE, South 69"36'44" West, continuing with the common line of the 50 acre tract and the 98.38 acre tract, a distance of 1466.64 feet, to a 1/2 Inch iron rod found for the southwest corner of said 50 acre tract, same point being an interior corner of said 98.38 acre tract of land, and for the southwest corner of the herein described tract; THENCE, with the west line of said 50 acre tract, same line being an east line of said 98,38 acre tract, the following seven (7) courses and dlstances: 1, North 20`59' 16" West, a distance of 141.06 feet, to a 1/2 Inch Iron rod with cap stamped "STEGER BIZZELL' set; 2. North 20'29'49" West, a distance of 280.19 feet to a 40d nail in a fence post found; 3. North 21'33'45" West, a distance of 106.02 feet, to a 40d nail in a fence post found; 4. North 20°04'23" West, a distance of G4.17 feet, to a 40d nail In a fence post found; Page 5 of 8 S. North 18°37'34" West, a distance of 80.98 feet, to a 1/2 inch iron rod with cap stamped "STEGER BIZZELL" set; 6. North 14"06'04" West, a distance of 185.59 feet, to a 40d nail In a fence post found; 7. North 14'53'55" West, a distance of 295,09 feet, to a 1/2 inch Iron rod found on the south line of that certain 113.5 acre tract of land conveyed to Emzie Lee Fisher by deed of record in Volume 756, Page 287, said Deed Records, for the northwest corner of said 50 acre tract, same point being the northern most northeast corner of said 98.38 acre tract of land, and for the northwest corner of the herein described tract; TNENCF., North 69°09'19" East, with the north line of said 50 acre tract, same line being said south line of the 113.5 acre tract of land, a distance of 1407.10 feet, to a /2 Inch Iron rod with cap stamped "STMER BIZZELL" set for the northeast corner of this herein described tract, from which point a Texas Department of Transportation concrete monument with brass disc (TXD0T Type II) found on said west right-of-way line of RM 2338, bears North 69°09'19" Fast, a distance of 374.50 feet; THENCE, South 20°59'55" East, severing said 50 acre tract, a distance of 1161.85 feet, to the POINT OF BEGINNING, and containing 38,59 acres of land, more or less, within these metes and bounds. Bearings are based on the Texas Coordinate System of 1983, Central lone (NAD 83 (2011)), All distances shown hereon are surface values represented in U.S. Survey Feet based on a Grid -to -Surface Combined Adjustment Factor of 1.00015, The forgoing metes and bounds description and survey on which It is based is accompanied by and a part of survey map of the subject tract. I certify that this description was prepared from a survey made an the ground In/on June and July 2017, under my supervision. Steger & Bizzell F.ngineerin Inc. _ Miguel A. Escobar, LSLS, RI'L5 �..GIi ..... LESCpUAA Texas Reg. No, S630 A 1978 South Austin Avenue �qy `Fsslo��Q Georgetown, Texas 78626 �SURiiEt� (512) 930-9412 TBPLS Firm No. 10003700 STk.G1Z.Z_E �L H,12200Q22949`22534,GI5[} Fisheti5urv€y t3ata1qestr1pfians122534-m&b-GI5©Flsfter Jracf.docx 1978 S..Austh Ave Gmrgetown, TX 78626 Page 6 of 8 —EARLY LAIC' SUR. VY1Nd LL:C P.o. Box 92588, Austin, TX 78709 S 12-202-8631 earlysurveying.com TaPELS Firm No. 10194487 10.001 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 10.001 ACRES (APPROXIMATELY 435,639 SO. FT.) IN THE C.H. DELANEY SURVEY NO. 11, ABSTRACT NO. 181 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 50 ACRE TRACT CONVEYED TO EMZIE AND ELZORA FISHER IN A WARRANTY DEED DATED NOVEMBER 5, 1948 AND RECORDED IN VOLUME 353, PAGE 94 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 10.001 ACRES BEING MORE PAR I ICULAHLY Ut SGHIBEU BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a concrete highway monument found for a point of tangency in the west right-of-way line of Ranch Road 2338 (variable width right-of-way) as described in Volume 416, Page 60 of the Deed Records of Williamson County, Texas, and shown on TXDOT right-of-way strip map CSJ 2211-01-001, being in the north line of said 50 acre tract, also being In the south line of a 113.5 acre tract described in Volume 756. Page 287 of the Deed Records of Williamson County, Texas, same being the south line of Lot 5 of M.C. Hamitton's Subdivision, a subdivision of record in Volume 27, Page 137 of the Deed Records of Williamson County, Texas, from which a concrete highway monument found in the east right-of-way line of Ranch Road 2338, bears North 69°31'35" East, a distance of 80.00 feet; THENCE South 20'59'36" East, with the west right-of-way line of Ranch Road 2338, crossing said 50 acre tract, a distance of 1164.60 feet to a 1/2" rebar with "Early Boundary" cap set for an angle point In the west right-of-way line of Ranch Road 2338, being in the south line of said 50 acre tract, being the northeast corner of a 3,848 sq. ft. right-of-way dedication shown on the G.I.S.D. West Side, a subdivision of record In Document No. 2018043822 of the Official Public Records of Williamson County, Texas, froth which a 1/2" rebar with "Steger Bizzell" cap found for the southeast corner of said 3,848 sq. ft. right-of-way dedlcation, bears South 20'59'36" East, a distance of 139.94 feet; THENCE South 69°37'24" West, with the right-of-way line of Ranch Road 2338, same being the north line of said 3,848 sq. ft_ right-of-way dedication, also being the south line of said 50 acre tract, a distance of 27.50 feet to a 1/2" rebar with "Early Boundary" cap set for the easternmost northeast corner of Lot 1, Block A of said G.I.S.D. West Side, being the northwest corner of said 3,848 sq. ft. right-of-way dedication; Page 7 of 8 Page 2 THENCE South 69°37'24" West, with the south line of said 50 acre tract and a north line of said Lot 1, a distance of 347.07 feet to a 112" rebar with "Steger Bizzell" cap found for an interior corner of said Lot 1; THENCE North 20°59'31" West, crossing said 50 acre tract with an east line of said Lot 1, a distance of 1161,72 feet to a 112" rebar with "Steger Bizzell" cap found in the north line of said 50 acre tract, being the northernmost northeast corner of said Lot 1, being also in the south line of said 113.5 acre tract, same being the south line of said Lot 5; THENCE North 69'10'58" East, with the north line of said 50 acre tract, and the south line of said 113.5 acre tract, same being the south line of said Lot 5, a distance of 374.52 feet to the POINT OF BEGINNING, containing an area of 10.001 acres, more or less, Surveyed on the ground on August 28, 2024_ Bearing Basis: The Texas Coordinate System of 1983 (NAD63), Central Zone, utilizing the SmartNet North America Network. Attachments; Survey Drawing No, 1093-002-125AC Date ,�P,,,,,�... °`�, John L. Brile JOHN L SRILEY Registered Professional Land Surveyor ,,,, State of Texas No. 7070 '� 0 0 707b' � " Page 8 of 8 Exhibit B APPROVED CONSULTANTS AND RATES City Attorney/ Outside Counsel Current billing rate of $295 per hour, subject to change per Section I (b) of the Developer Deposit Agreement. Upon closing for each series of PID bonds, if issued, the City Attorney for the City shall be paid a fee of $25,000 for rendering an opinion in connection with the issuance and sale of such PID bonds, which fee shall be payable out of the proceeds of said PID bonds unless otherwise agreed to by both Parties. Financial Advisor Specialized Public Finance Inc. ("Financial Advisor") shall charge a flat PID creation fee of $20,000, which fee shall be due and payable within ten (10) business days of the Effective Date of this Agreement. Upon closing for each series of PID bonds, if issued, Iinancial Advisor shall be paid a fee equal to 1.25% of the principal amount thereof, which fee shall only be payable out of the proceeds of said PID bonds. If PID bonds are subsequently issued, the City's Financial Advisor fee of 1.25% for the issuance of PID bonds as set out in the preceding sentence shall be reduced by the amount of the flat PID creation fee of $20,000 previously paid by the Owner. Bond Counsel McCall, Parkhurst & Horton L.L.P. ("Bond Counsel") shall charge a flat PID creation fee of $30,000, which fee shall be due and payable within ten (10) business days of the Effective Date of this Agreement. Upon closing for each series of PID bonds, if issued, Bond Counsel shall be paid a fee equal to 3%of the principal amount thereof, which fee shall only be payable out of the proceeds of said PID bonds. If PID bonds are subsequently issued, the City's Bond Counsel fee of 3% for the issuance of PID bonds as set out in the preceding sentence shall be reduced by the amount of the flat PID creation fee of $30,000 previously paid by the Owner. PID Administrator Current billing rates of $350 per hour for President, $325 per hour for Vice President, $300 per hour for Director/Regional Director, $250 per hour for Senior Manager/Senior Project Manager, $225 per hour for Manager/Project Manager, $200 per hour for Senior Analyst, $175 per hour for Analyst 11, $150 per hour for Analyst 1, and $125 per hour for Administrative, each subject to change per Section 1(b) of the Developer Deposit Agreement.