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25-R-069 Improvement Agreement-Graytown Unit-3ARESOLUTION 25-R-069 A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS AUTHORIZING A NEW SUBDIVISION IMPROVEMENT AGREEMENT WITH 2O20 F1 GRAYTOWN, LL C FOR GRATYTOWN SUBDIVISION UNIT 3A. WHEREAS, the landowner desires to defer certain dedication and public improvements obligations for Graytown Unit 3A; and WHEREAS, pursuant to Section 21.4.15 of the City's Unified Development Code, the obligation to dedicate and construct improvements for the Subdivision may be deferred if an Improvement Agreement is executed and if sufficient surety is provided to secure the obligation to construct the improvements; and WHEREAS, the City staff of the City of Schertz has recommended that the City enter into a Subdivision Improvement Agreement; and WHEREAS, the City Council finds that it is in the best interest of the City to enter into the agreement with the landowner to defer the construction of Graytown Road. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS THAT: Section 1. The City Council hereby authorizes the City Manager to execute the Subdivision Improvement Agreement for Graytown Subdivision Unit 3A generally in the form attached subject to approval of minor changes approved by the City Attorney as shown on Exhibit "A". Section 2. The recitals contained in the preamble hereof are hereby found to be true, and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a part of the judgment and findings of the City Council. Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with any provision of this Resolution are hereby repealed to the extent of such conflict, and the provisions of this Resolution shall be and remain controlling as to the matters resolved herein. Section 4. This Resolution shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. Section 5. If any provision of this Resolution or the application thereof to any person or circumstance shall be held to be invalid, the remainder of this Resolution and the application of such provision to other persons and circumstances shall nevertheless be valid, and the City Council hereby declares that this Resolution would have been enacted without such invalid provision. Section 6. It is officially found, determined, and declared that the meeting at which this Resolution is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Resolution, was given, all as required by Chapter 551, Texas Government Code, as amended. Section 7. This Resolution shall be in force and effect from and after its final passage, and it is so resolved. PASSED AND ADOPTED, this day of 2025. L9 IY_ U CITY OF SCHERTZ EXAS RaliOutierrj6, Mayor ATT S : Sh' a Edmondson, ity Secretary Exhibit "A" New Subdivision Improvement Agreement for Graytown Unit 3A After Recordin ` Please Return To: Denton Navarro Rocha Bernal & Zech, P.C. 2517 N. Main Avenue San Antonio, Texas 78212 Attention: T. Daniel Santee STATE OF TEXAS § § KNOW ALL PERSONS BY THESE PRESENTS: COUNTY OF BEXAR § IMPROVEMENT AGREEMENT GRAYTOWN SUBDIVISION UNIT 3A— PUBLIC IMPROVEMENTS This IMPROVEMENT AGREEMENT (the "Ai-eement") is by and between 2020 FI Graytown, LLC (the "Owner"), and the CITY OF SCHERTZ, a Texas municipal corporation (the "City"),and is effective upon the execution of this Agreement by the Owner and the City (the "Effective Date"). WHEREAS, the Owner is the owner of that certain real property located in the City of Schertz, Bexar County, Texas, more specifically described on Exhibit "A", attached hereto and made a part hereof for all purposes (the "Pro e " or "Graytown Subdivision"); WHEREAS, the Owner seeks to develop a residential subdivision on the Property (the "Subdivision") that requires the construction of certain public improvements: and WHEREAS, this Agreement is made solely with respect to the final plat of Graytown Unit 3A Subdivision approved by the City of Schertz Planning and Zoning Commission on October 12, 2022; WHEREAS, pursuant to Section 21.4.15(C.)(2.) and (F.)(1) of the City's Unified Development Code, the obligation to construct the public improvements that serve the Subdivision may be deferred if an Improvement Agreement is executed and if sufficient surety is provided to secure the obligation to construct the public improvements; and WHEREAS, the Owner seeks to defer the start of construction of the public improvements associated with Graytown Road to a future date, not to exceed August 1, 2026, for Graytown Unit 3A Subdivision pursuant to this Agreement and Section 21.4.15 of the City's Unified Development Code. NOW THEREFORE, in consideration of the agreements set forth herein and for other reciprocal good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and stipulated by the Parties, the Owner and the City agree as follows: 1. Ownership of the Pro�ert,, . The Owner hereby represents and warrants that, as of the Effective Date, it has not conveyed, assigned, or transferred all or any portion of its interest in the Property to any other person or entity (any such person or entity referred to herein as "Purchaser"), nor is it a party to any contract or other understanding to do so that is not subject to this Agreement. 2. Construction of Improvements: Covenants. The Owner and the City covenant and agree to the following: a) The Owner is obligated by Section 21.12.10 of the City's Unified Development Code to construct, or cause to be constructed, improve half of Graytown Road and construct a 6-foot shoulder with a header curb, (such improvements shall be referred to herein as the "Improvements"). b) These improvements shall be constructed with Unit 4 of the development, or be initiated by the developer by January 1, 2024, whichever occurs first. c) The cost of the Improvements to Graytown Road associated with for Graytown Subdivision Unit 3A are estimated to be One Hundred Sixty -Four Thousand Four Hundred Thir -Three and 62/100 Dollars 164 433.62 (the "Cost Estimate"), as more particularly shown on Exhibit "B" attached hereto and made a part hereof for all purposes. The Owner and the City agree that the amount of the Cost Estimate set forth herein is a commercially reasonable estimate of the cost of the Improvements. d) In lieu of the Owner's obligation to construct, or cause to be constructed, the Improvements, at or before the Final Plat Recordation, Owner shall provide to the City, concurrent with the execution of this Agreement, surety in the form attached hereto as Exhibit "C" (the "Sure ") in an amount equal to 125% of the Cost Estimate amount Two Hundred Five Thousand Five Hundred Fortv-Two and 02/100 Dollars (S205,542.021(the "Improvement Funds"). e) Owner requests to defer the start of construction of the public improvements until August 1, 2026 or the start of construction of Graytown Subdivision Unit 4, whichever occurs first, in accordance with the Construction Plans and in full compliance with City of Schertz Unified Development Code Section 21.4.15, which is incorporated by reference herein as though fully set forth in this Section of this Agreement. For the purpose of clarification, and in no way limiting Owner's obligations under Section 21.4.15, the Parries agree that full completion of construction of the Improvements shall not occur until the City accepts the Improvements in the manner prescribed in Section 21.4.15. D., and Owner provides a warranty bond which shall be exactly twenty percent (20%) of the Cost Estimate. f) Owner agrees to complete the Improvements by June 1, 2027. g) In the event Owner fails to being the construction of the Improvements by August 1, 2026 or in conjunction with Unit 4, whichever occurs first, or complete the Improvements by June 1, 2027 in the manner prescribed herein, City may declare this Agreement to be in default and at the City's sole discretion: (i) require that all Improvements be installed by Owner regardless of the extent of completion of the improvements on the Property at the time the Agreement is declared to be in default; (ii) unilaterally draw from the Improvement Funds sufficient amount to complete the Improvements itself or through a third party; or (iii) assign the Improvement Funds to any third party, including a subsequent owner of the Property, provided that such Improvements Funds shall only be assigned for the purpose of causing the construction of the Improvements by such third party and for no other purpose and in exchange for the subsequent owner's agreement and posting of security to complete the Improvements. h) Within 30 days of the City's acceptance of the Improvements, the City shall release the Surety to Owner and the Parties shall have no further obligation to each other under this Agreement. 3. Approval of Agreement. The City has approved the execution and delivery of this Agreement pursuant to Section 21.4.15(C.)(2.) of the City's Unified Development Code, and the Owner represents and warrants that it has taken all necessary action to authorize its execution and delivery of this Agreement. 4. Governmental Immuni' . The City does not waive or relinquish any immunity or defense on behalf of itself, its officers, employees, Councilmembers, and agents as a result of the execution of this Agreement and the performance of the covenants and actions contained herein. 5. BindinL Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, representatives, successors, and assigns, and the terms hereof shall run with the Property. 6. Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all signatory parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same Agreement. 7. Integration. This Agreement is the complete agreement between the parties as to the subject matter hereof and cannot be varied except by the written agreement of the Owner and the City. The Owner and the City each agrees that there are no oral agreements, understandings, representations or warranties which are not expressly set forth herein. 8. Notices. Any notice or communication required or permitted hereunder shall be deemed to be delivered three (3) days after such notice is deposited in the United States mail, postage fully prepaid, registered or certified mail return receipt requested, and addressed to the intended recipient at the address shown herein. Any address for notice may be changed by written notice delivered as provided herein. All notices hereunder shall be in writing and served as follows: If to the Owner: 2020 FI Graytown, LLC 11 Lyn Batts Lane, Suite 100 San Antonio, TX 78218 If to the City: CITY OF SCHERTZ 1400 Schertz Parkway Schertz, Texas 78154 Attention: City Manager With cop, ry : Denton Navarro Rocha Bernal & Zech, P.C. 2517 N. Main Avenue San Antonio, Texas 78212 Attention: T. Daniel Santee 9. Legal Construction. If any provision in this Agreement is for any reason unenforceable, to the extent the unenforceability does not destroy the basis of the bargain among the parties, such unenforceability will not affect any other provision hereof, and this Agreement will be construed as if the unenforceable provision had never been a part of this Agreement. Whenever the context requires, the singular will include the plural and neuter include the masculine or feminine gender, and vice versa. Article and section headings in this Agreement are for reference only and are not intended to restrict or define the text of any section. This Agreement will not be construed more or less favorably between the parties by reason of authorship or origin of language. 10. Recitals: Exhibits. Any recitals in this Agreement are represented by the parties hereto to be accurate, constitute a part of the parties' substantive agreement, and are fully incorporated herein as matters of contract and not mere recitals. Further, any exhibits to this Agreement are incorporated herein as matters of contract and not mere exhibits. 11. No Joint Venture. It is acknowledged and agreed by the parties that the terms hereof are not intended to, and shall not be deemed to, create a partnership or joint venture among the parties. 12. Choice of Law. This Agreement will be construed under the laws of the State of Texas without regard to choice -of -law rules of any jurisdiction. Venue shall be in the State District Courts of Guadalupe County, Texas with respect to any lawsuit arising out of or construing the terms and provisions of this Agreement. No provision of this Agreement shall constitute consent by suit by any party. [ Signatures and acknowledgments on the following pages J Sip_nature Pape to Improvement Agreement This Improvement Agreement has been executed by the parties as of the dates of the Acknowledgments to be effective as of the Effective Date. Owner: 2020 FI Graytown, LLC Name: Title: Date: THE STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me on the day of 2025 by , the of 2020 FI Graytown LLC, on behalf of said limited liability company. (SEAL) Notary Public in and for The State of Texas My Commission Expires: Signature Page to Improvement Agreement This Improvement Agreement has been executed by the parties as of the dates of the Acknowledgments to be effective as of the Effective Date. Cam: CITY OF SCHERTZ, a Texas municipal corporation By: -- Name: Steve Williams, its City Manager Date: THE STATE OF TEXAS § COUNTY OF GUADALUPE § This instrument was acknowledged before me on the day of , 2025 by Steve Williams, City Manager of the City of Schertz, Texas, a Texas municipal corporation, on behalf of said City. (SEAL) Notary Public in and for The State of Texas My Commission Expires: EXHIBIT "A" The Property Approved Final Exhibit and Legal Metes and Bounds [ See attached] 0.u..YYI rO._an. 1-1110, i ..aid SHEEN FMM PLAT of GRAVTOWN - UNIT 3A 1 1'111 ++•'.-..'try' 1 SHM 1 Or-4 ��.< !_'• �•' °•' �':S:' �..0�.` r O'er ::w. ^'Y�:.,�:' :,'.,.....� .�: -IRW a s s a \ ~~ti� M]!lSYrl r >tiv ` \as sosX10'�s' w 7.sucf' N779s7re \\` \\l\\� - M.Oti100tu 11MM�....1 1 `` I WE '�.•v wkr .M. n.x rJ �` rON�I9�, 1y1.wMyc 1r Lam` I GRAYTOWN-UNIT SA I MRn/YYWina Y ,q� YUYt1ICa.PcA FMAt PIAF Of GRAYTOWN - UNIT 3A LEG ••_�-••'^ w�� NATb+U11E'C-SEE S1EEY^OF4 II 11 II 11 w� 11 a � w =r�s n.e.an..r•w�"'.oxr:w.=.r`r..nu�. r..m f AOp YW,. -------- ------- --------- ----- -r ---- -$-- ------ ���, FINAL PLAT Of GRAYTOWN- UNIT 3A SHEET 4 OF 4 L sauz Poxxvies 12 R Wriff. =m 0" mm Ak* ka? AiObvw cr num comw, rFmaA PA mAr rmmm= cr wzAm O)wp-.. 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Tk'ru.1 1 to 1t►.ro Vi.Y 717:7 SWET 3 v } �'►p va�Iten�-4} PAPE-tAAWSON MnFS AND RMNOS DFSiAIPTI(]N # 014 GMY I UWN UMI1 3 A 32M4 it-w, ut 4.m- rep rail rt -irM Pr IMss. trait xr land 4Mt of tkok raL*d ! 795 erne tract cagwsve io ,294r1: °I GrvAown. I.Lr, In deed rrcurded In Document No. 2071 M 77080 of bye OMkW P,roir 8rtcords of Parar CaancF, Tdi%is, Cnn a'l0A Anuw'ia larina Sw wq Nu. 36, Abu,a t 116Y. 8?R:faxlntK NkrF ►�i�� taithe frlp od 5rlterta: i?4xsr CQn riy; Tsrraa Said 32.46d acre tract be-,G rwre ►alhr described as lallows, wnh beatings bnea an the TrAMT CaardnaLe System estahlbred Jar We So6rh Carw2I2oWA3mrho Nald4r wP.lcan.6a1strYtal 1983 MAD23 JFWO t top uh 8F11017i1c COMMENCING. Ai a lt,uud W Iran sods mirh a yolk a mt 1hm Mull' -iM-u4•wry tine of 4C-vVtpm Aoad. a uararhle width puhkc rldtt-of•way, al. the nwthbesi comer al a calied 1BJ 1B acrt tsar;, cam"ad in 21120FI G(akDumn, LLC: to di�erel rw ixtlad in drst:untwnl Nei. i�a+D}7�i or said �TKi1t1 PnbiClt!rgds, s" � kmnE the ►arth"It tamer aisddd z M 795 acre vwi; THFW.F- Aim%wo with t4idsmisrigm•gr-waylrrt,s>a+wbe•inthenwrthtlrtaafsaw2Ua:,m acre trae, . camrnm line, the foduuMV basrWs and distances. M W221)" W. v dio-lartce of 736 iG feet tv "IrX4I t71 PLC,-1MINGS of the herein dascrbea tract and from rtYdr a foclrldW iron rua 69ih a Vollow cap saampod'Pype Dawwo, thairc. N 39W,13" tH,1 to raw. 41ENCE: DepanInX said rarnfmcp Fats, aL@r and aCrms sad W1.795 acre vau the lallawkFg t IIrI1M".- . s fiT374T' w, a distance a1 m ss leer ro a potrn, 512'iH.W L, a drslance os I19.29 kv% Ia a pant; S pt'3] . 9' F y slty snpe or 119.?9 Firtet 10 7r poirll; 5 01'34'50' W, a dsaarco al 23AM rM sa a paint, 31&'42'38' W. a cistanoe of 12930 font too point, N 79W 45' tr', a d+starse of 130,01 feek to a pet nt: liouchusswly, aloru a nan-U04jAht COO. m 1I.W v kjhl Mid ur,w N%irlP a fddiuc a f.*00 fart; a wr*r4i 4rt5k or 17'XFGii', a chord beanrrg area distance of 5 2r327 3'" W, 1".26 fleet, loran arc krgth 021711M feeds a paint; 5 0 54'34' f, a rttffenre aF 330A? Feet io a point; xhr+.rs.i70-its-drfiF �r>ttt_ifilY'inAaRIndSAY1W 1dw1%vk3d91t r"K.tkiN•iArtiWi.ia� -. r.,a.tra.1 �..►.1 r..r<.It. I�•aM..lt 14Htr� I!r�rrr..'I.s ��+{•t1�RtPr■-,dry hmSvrrr+.pri��la6YMt lus +ln za>sac.na U r4 R?fa Fwn15 5 ?3"da'#1" 44, a dl�ra�iri al E.i4 F"r to s Puirn, 5 STDV er W. a disiante 4110M feel to a Pon; %adstartev4`33GR13feet toipuinl,• N 6Q'M ' W. a disranca al Saim teat w a paird, Nurthwevierlt, ala'q; a non-tarverd curve to she h It, sea cur4r haMng a radus of MOD iaca, a tantral aagir of 5i1Rllr16D", a dwrd hoaft arid dstamck of N iS'MW W, 21,21 hs4, for an a*r, IrW.h Vi 23 56 irrl tv a 'PDT*: N610"'ID 'YY,.a'd4ucMaM.115hak16amat; 5cwth msc og. alorki a [anewy.�W 0 rm to trig Ack sad Ex. %%-- ha a radius al Ism Irr�t, Ott flonlral .inei ur %n *xw N elmid bmiiii11g migi "*xm vA S 7y OGW W. 1121 iert, farar art levhof ZVS6 feet toa polai; F. iii0" IQ17r{K , w. + tfigonm ur sg4o Feet 1u a print; M 3Q104iW' E, a distanca tat 2233 rent in a polar, N lg 131P9 W. a dtstancee 134,03 feel Goa Burn; N 16 551W E. a rlrsience of 8117 ferl iv a vvr4; i� Difs'157'$4' E a etsxat�� of 65.71 idrr+r I& a zkaidS; N O7'+510<14''th; a d,ycame aO 97.29lace to a paint; N 18145'55' W. a V(A*me of 4046 feet iv a pant; k 79'fo7'*4" W. a d7iunu- or 90.31 WE fit a PoinE, K 37'54145'W, a disiance of 10.1.35 feet tea palm; h 3 IW11" W. a idi5lanre of SO 10 i'eet to a pvnrl; 5S;i ?RlWwesctsrmvur6.06fi#ftouOnl; N 3F'55,33` w, a denance of m ti3 ices is a point; jPAPE-AWSOI xL rb. i s6dd•u3 AL M Acma Pip-3 d' N 52''C}778' E, i distidrl of i7fi38 lom w a pains, N 3t''ll3#V' W. a dlstantr" of 3ZJ64 fleet W a paint; Norlhwemet+y. along a lanpenat cutvr to the loft, said tvve harinp a radius of 310 CD foal; a central arfile at 13315134A', a dwd m-arlrg aim dimattta of N 3&9A JCP* 1dt, ?OjD r&'Al 10-' nd ara fir ttsrir?t►.t;i r+trt 1u Dint; N 3T55733" , 3 distanto 0161.671c s'1;LD a psrts; Na+thwtstedy along a taneerd tuve to the Sch, said t urve ray.ft a radius of 15.0 Isar, a'Canual aroma al 9Drwild', d thattd Wadng and rlisti vA of rJ7t?` +537' tilt• 31.21 irrl. fur pr: prr, Irrlsih of B 516 feel tea pairrl; N 3735132" tri, at diCl.ani t or StrAD rymi Vj # thins, Norttvasirrtr, lions; a non tanj;IQnt cww- m thv lelk said writ/ haft a fazius gal iS.03 110M, a tvnrr.tl . g4 0 W(IOW' a O%xd brsing jm--i 4f:k�xv ref N OrDA`A' I.r 2 LZ3 ice, for an arr k gth orl 23.561m to a pD m; fiJ,3d'S's`-i?' W, a dMltrnrr 91231" .IIM to a paint: tl5r[h.r�s[ it; Along "I'm t. Lq to OW-Uh, raid f-m% IrOwri" a r.tdin� nl 15.00 lkwi. ,r tvnirpl p4e of 9MOO', a choral bearing lad dtswrce of N iins 3,7' w~, ! 1211ert for an art: lenrth ot•3336 fc el to a paint k v'55'3r wo. a o opre or Sow Net tv a p91n1; MIN d'vil ask. alang A rtcra a(VnL r.�uovr to rim 1ph tmW tk+rve kpirl • r¢G1US of f.'5,00 lerl, a m-rit-al angle- at W W1W", a d%wd bearing anc Kdstar*e of N 07'04'3W E, 31.21 ices, far an art la Vch o! USE 1w to a poku: N 17'55'32" W. a delarKe of 30 00 4wl to a ptlrt+k; Nostra apdv. ia�.a twip4p"Nnl turbr jo ilv± oft, acid rrnve herrnp tr redrvs of IM Iks4 a ct-siral arWe of ki tVW'. a chord *-artrz and dtslanrc of N 47'rSd'�8" F, i1.2 7 raa� � aft ar[ itinglfl at 33.56 foal [a a pain], :k 97'55'31-'10Y. a oistart+e of 2!J_t% feet to a palyd; Nis itmv Ivtlf. AvV H I,tnprnk4UIVI! 101he Irl1 n+tirlSrarvr hl►+frl(,�t r US 4f 17 �l} beet. a w`raf angle of 9:T'WiCtd`, a rbxd il'earrg ape dlsiarrce of N EM5'.33' W, 21.23 foci~ Nat an art "in of 23.56 feat to a poi% >t�PEE-OAMMQf111 �'`-RNf:1eIRKIFIRR M-ho 1168603 32r6i+A k it PpLads N 3r!, .3 t' W. a distance of 50DO tart to.1 polm, Nwthvaistedy, efar%a nor Agent rwr m lrs the k'lf, Seca rune - ev M a raaius aI 1!FW feet a contra an" of 90i'Ut1W. a chard having and dsraryir vt N07MV211' F, 21.71 %-or,16i tin arc 4r, lh0219{Am 1UPvOpt: A+ 37155r32' W, a dstanca of 324A4 heat to a paint, Aorthevsterh, elan¢ a WPM curve to the Alit, said cuw hadng a radl.s of 32SDo Wz, a tentral 3t?gir De S(YWDB', a &evil ho ireg and d awitY eil N 07'YM 28' F, 499.61 feet. fw tin 4wt "tip Qt 510 51 toot to a pvmt; N 5J-W'2V E,a AMlancatl3-73.5111aai ilia oowtr Nnrlheasrerfy, bA-V a Ung"a LLdVO to the lei, wid runty hadng a radlui of 3S.[fa tom. a itviira :ni w ar WW'74", A rhvi4f bmri% r.nji ifistenre Qf I 717�3`rlirE. 21.2E feet, fa• a+t arc {anglh of 23.51 feet toe point; N 32Al2'04' F. ,w d4l"rKe of 15 co feel lea paint wl t+'ss south pght.of vy line of C--uptc*v go*d same rmng tsrcrrmfi line ofsaid catkd w6.799 ace trace, a carnr^o.-i Ina; I I IL tv'L: 5 1 r5755` L. a" aril vAth mid corrrrron Ilne, a dsUnw of 153Q311w is a fotoc V Irofi rod .ith a )vlkrx caw ssarna� d "Papatuwcuu'; f lima 5 29'23'34' E, rominulyd arong aria wwth said commont llhe, a ddtatitr Cf 962.5716M r?j the M 6IT OF BEISSINN146 wW rifri:rirtiryl .dJ 664,oQrW. SAVE AND EXCEPT a 3.532 aria, or 66,74-6 square UK moot ai kt% rracE of Lwif out of Mai ia[fdUM.7952trvtraitiiWw0T&dru(D9flfrPyr0uu,tAC,in¢ridarcorilmd I" triarvrnent i+b 2020027MO of Ifre Wcml Pubtr Reewds of BE=Coamy-1 eiiz ,. oul afthe Anion-* amera.54"yNo. AAbstract Na. 492il,CounifMO503.ofOr Ckv of 5i1r6iil, Ifa1ar i"k-wv, T*x#% 5*4 1 AP NrTt twit beQ's-wit-IF Hy dascrifresi as blows, with bearry based on Die tows Coordlrsst& System established for tree South [antral Eane from, @te North American Wrwn of i9g3 NAD 63 i I A20131 apnch MGM CT3r,1F3SEMr MIG: Al a faWaN* Iron Me whh a cep mariod-APf364913' oA rho couttrwaii rww.iw• wAy 1ri& of eirAFiumnu Skud, A rwcahlN nidl'rs right-0-c6ay. ai the wAeest right-0- way Irre al Arbbatt ►toad, a uarisble wwh r4kof way sarnetrelne a northwmi oo"r of said called 204.M acre b2ct: OfFA iAWSOIN &JNOINF16Rffl; Jab* l LbW-a3 3t14A,cres Pagg5Le5 TI ILKL• 5 i U �4' L rcrg and with said wzheael ftvl-of way We Bald Grvriown lama bslnj: iM. nin ih 11rw of said callad 7t'i4.7% aua itati, s tNerrrwfi Ilni•, a d oanty tef U679-* rlet•r. W e punt: THENCE. 53rAW43' E, cantiiwing a" Qid t&W%nie HAP. 4 LirS. AMP 47.77 III -PI IWO rxrrll; 114LNCI: S 52MV44W, depaethq said cwnrrwn :no, am am across said 204.795 acre trace, aaiirlow, W 315.93 rrol11) 11et. Pl INITDOEPGINNIW ur11eedrrrrjkw4Iwrt; THENL:E:-Continulrtt awf avid airass said•ealad W4.795 rite irau khe ldloMfe�g caurxs. L, a distance of UU,72 ftirl Loa Vora; :5 S2,M76' W. a tf+sience Pit 32$-61 ieii 117 a pm-t: 5 37'S5' 33' E, a dS tae" Of 408.00 FM 10 i Pxint; 5 53' P291 Wr a dstaree of 13DAB kv Ra a paint: M 37'55 32' W, a 45laace of 244.44 fen 10 a parr: Nuillefew.^.r•dy,Apr%0k4r+gt-IvirMY(n1hk rlghl, kid+rierveh"Nr'ga •ddius4427sew teal, a wAral w-cle vt self 35', a chord Bearing and distance of N Cr43'35" E, 36&49 Im, far an wt IRngth of M.791ras+r Eo a bDkw; T110JU: Southtvsterltr, rWV a compound nurse 10 Ihr nghi. s;)# Curve havieW a radus of 3S.00 f4d4, acan"I eats! at 9543' V.:.choM lisiWiq aril difilafi * 0 5 AS'tti45' Y, ??-d? hrt, fv- vn am Ieriath v' 25,1? feet to The �*W 01 MONNING and canlairing 7.5HZ aim to the My trl San Antonia, Bear Co wV, TaKas. +Said bract halr% ducdhed In carfuntcionwftha surrikrrtasdk on 9w gtcndrd.rnd au nk" feiap 0t9FMt#drr)diq juh'numbe- f.161"3 by Npe-Do son fnsinreen. m 33.564 ACRES, GROSS AREA 1,532 +-'REra, SWE AwD Ed{Pi � 5 31.133 ACRES, NET AREA'7' t - ff- . tI T4M K -MLa MEPARED W Pa C)"&fr veerIr s. t. �L' � ' .�.+`:: _ n• �5k• 47ATE: Mat XQI 1 � r e 14 JOB W, WW43 DOt 4 N y:rNt�,L7lialtu3jW sfd�l7llYasllSt't,1 LIM413 M X.UZAC =o EXHIBIT "B" The Cost Estimate [See attached] GRAYTOWN UNIT 3A ADJACENT ROADWAY IMPROVTMENTS GRAYTOWN ROAD OPINION Of PROBABLE CONSTRUCTION COST 1. STREET c#: DRAINAGI- IMPROVEMENTS 319-7025 ITrM UNNIT NO, DESCRIPTION UNIT QTY PRICE AMOUNT STREET IMPROVEMENTS Mobilization LS 1 S6.367.86 S6.367.80 Excavation (Streets) CY 866 S6.00 S5,197.14 Secondary Rural Arterial a. 3' II -MAC Type "D" SY 2.036 S23.50 S47,846.00 b. 12" Flex Basc SY 2.036 S26.50 S53.9S4.00 c. Triax TX5 f ecod SY 21036 $6.00 $12,216.00 d. 12" Moisture Conditioned S_oirwk SY 2,036 S4.00 $9.144.00 SUBTOTAL STREET IMPROVEMENTS: S133,725.00 DRAINAGE IMPROVEMEN I'S Channel Excavation CY 247 S18.00 S4.451.76 2. Channel Rcvcgetation (llydroawkh) SY 1,374 S1.50 $2.06I.ix1 3. 4" T Sail SY 1.374 52.00 $2,748.(M) SUBTOTAL DRAINAGE IMPROVEMENTS: S9, 260.76 15% CONTINUENCY $21.447.86 TOTAL. STRFFT & DRAI\ACI; IMPROVI' MEAT:5: $164.433.62 Notes: 1. The existing road width for the developer's halforumyto%n Rd is approximately 15.73 R. OPC assumes an addition of &25 It. required by the City of scheru i3DC. Excavation (streets) is assumed to be 0.39 cy1f fur the additional length of Secondary Rural Arterial section. In addition to the City of Scholz standard Sccondan Rural Arterial Section. header curb %ill be constructed along the full kngth of Graytown Rd. SraytownAd I r ra .•nl $WNW F4W* 17. 5"Or4wy Rural ArteAM SeCOM - WNt Sepin Road EXHIBIT "C" The Surety [See attached]