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HomeMy WebLinkAboutORD 2001-31 - Cimarron Hills PIDAN ORDINANCE LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS TO BE PROVIDED IN THE CIMARRON HILLS PUBLIC IMPROVEMENT DISTRICT; FIXING CHARGES AND LIENS AGAINST THE PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS THEREOF; PROVIDING FOR THE COLLECTION OF THE ASSESSMENT; AND PROVIDING AN EFFECTIVE DATE WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") allows for the creation of public improvement districts; and WHEREAS, on or before June 13, 2000, owners of real property located within the Cimarron Hills Public Improvement District delivered to the City an amended Petition (the "Petition") to create the Cimarron Hills Public Improvement District (the "District") that is described in the field notes and the map attached hereto and made a part hereof and marked Exhibit "A" ; and WHEREAS, the City staff and City Council reviewed the Petition and determined that the owners of taxable real property representing more than 50% of the appraised value of the taxable real property liable for assessment under the Petition and owning more than 50% of the area of all taxable real property within the District executed the Petition and that the Petition complied with the Act and authorized the City Council of the City of Georgetown to consider making findings as to the advisability of the creation of the District; and WHEREAS, after providing notices required by Section 372.009 of the Act, the City Council on July 11, 2000 and August 8, 2000 conducted public hearings on the advisability of the improvements and the creation of the District; and WHEREAS, on August 8, 2000, the City Council passed Resolution No. 20080&S which authorized and approved the District and in accordance with its findings as to the advisability of the improvements, recommended and approved the District; and WHEREAS, the authorization of the District took effect when notice of the passage of the Resolution was published in the Williamson County Sun, a newspaper of general circulation in the City, on August 31, 2000; and WHEREAS, pursuant to the Act, the proposed assessment roll and service plan was filed with the City Secretary, and the statutory notice of a public hearing was mailed to the property owners and published on March 14, 2001 to consider the levy of the proposed assessments on real property within the District was accomplished; and Cim monHillsPtD: Assess=ntOrdin cc WHEREAS, after notice was provided as required by the Act, the City Council of the City of Georgetown on March 27, 2001 held a public hearing to consider the levy of the proposed assessments on property within the District, heard and passed on any objections to the proposed assessments and closed the public hearing. NOW, •' ORDAINED BY THE• OF OF • • Section 1. The City Council hereby finds that the approval of the Assessment/Service Plan implements the following policy of the Century Plan - Policy Plan Element: Finance Policy End 14.00 which states; "All municipal operations are conducted in an efficient, business -like manner and sufficient financial resources for both current and future needs are provided," and further finds that the enactment of this Ordinance is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan, Section 2. All matters stated in the preamble of this Ordinance are found to be true and correct and are incorporated into the body of this Ordinance as if copied in their entirety. Section 3. The City Council finds that the assessments as set forth in the attached Assessment/Service Plan, should be made and levied against the respective parcels of property within the District and against the owners thereof, and are substantially in proportion to the benefits to the respective parcels of property within each class by means of improvements in the District for which such assessments are levied, and establish substantial justice and equality and uniformity between the respective owners to the respective properties within each class and between all parties concerned considering the benefits received and burdens imposed, and further finds that in each case the property assessed is specially benefitted by means of the said improvements in the District, and further finds that the apportionment of the cost of the services is in accordance with the law in force in this City and State and the proceedings of the City heretofore had with reference to the formation of the District and the imposition of the assessments for said improvements are in all respects valid and regular. Section 4. There shall be and is hereby levied and assessed against the parcels of property within the District, and against the real and true owners thereof (whether such owners be correctly named or not), the sums of money as set forth in the Assessment Plan attached hereto and made a part hereof shown opposite the description of the respective parcels of property, and the several amounts assessed against the same, and the owners thereof. Section 5. The sums above mentioned and assessed against the said parcels of property and the owners thereof, together with reasonable attorney's fees and costs of collection, if incurred, are hereby Ci=rronHitlsPID: AssessmentOrdiname declared to be and are made a first, prior and superior lien upon the respective parcels of property against which the same are assessed, and a personal liability and charge against the real and true owners of such property, whether such owners be named herein or not, and the said liens shall be and constitute the first enforceable lien and claim against the property on which such assessments are levied, and shall be a first and paramount lien thereon, superior to all other liens and claims except state, county, school district and city ad valorem taxes. Section 6. The annual assessments shall be due and payable by January 31 of each year beginning January 31, 2002, and continuing regularly until the Bonds and other obligations, including accrued interest, are paid in full. That if default be made in the payment of any of the said sums hereby assessed against said property owners and their property, collection thereof, costs and attorney's fees, shall be enforced by suit in any court having jurisdiction or by lien foreclosure or both, in the same manner that an ad valorem tax lien against real property may be enforced by a governing body, pursuant to the Texas Tax Code, Section 7. All assessments levied are a personal liability and charge against the real and true owners of the premises described notwithstanding such owners may not be named, or may be incorrectly named. Assessments may be paid in full and a. complete release of lien executed by the City as stated in Section 9 of the Assessment/Service Plan. The owner may pay the full and complete amount of the assessment plus interest accrued to the date of payment and upon such payment of principal and interest receive a full and complete release of lien executed by the City. All interest payments on the assessments are calculated to the date of payment. All payments shall be in accordance with the Assessment/Service Plan attached hereto. Section 8. This Ordinance shall take effect immediately from and after its passage and it is accordingly so ordained, Section 9All ordinances, parts of ordinances, or resolutions in conflict herewith are expressly repealed. Section 10. The invalidity of any section or provision of this ordinance shall not invalidate other sections or provisions thereof. Section 11. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Ordinance was adopted was posted and that such meeting was open to the public as required by law at all times during which this Ordinance and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and the Act. Cim monHillsPID: Assessm WOrdimnce READ and APPROVED on first reading this the 10th day of April, 2001. READ, APPROVED and ADOPTED on second reading this the 24th day of April, 2001. G YELLEN KERSCH Mayor City of Georgetown, Texas ATTEST: SANDRA D. LEE City Secretary City of Georgetown, Texas City Attorney City of Georgetown, Texas CimartonHillsPID: As=s=ntOrdinancc Field Notes and Map of Cimarron Hills Public Improvement District CimarronHillsPtD: AssessmentOrdinance GOLF COURSE TRACTS FN 00-035-011-01R EXHIBIT E 287.81 ACRES JANUARY 24, 2001 DESCRIPTION OF 287.81 ACRES, BEING A 19.35 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "A", A 26.34 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "B", A 27.41 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "C", A 42.94 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "D", A 62.36 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "E", A 73.80 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "F", A 32.63 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "G", AND A 2.98 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "H", ALL SITUATED IN THE A. H. PORTER SURVEY, ABSTRACT NO. 490, BEING A PORTION OF THAT CERTAIN CALLED 813.09 -ACRE TRACT OF LAND AS DESCRIBED IN A DEED TO RESORT PROPERTIES, INC. OF RECORD IN VOLUME 2148, PAGE 318 OF THE OFFICIAL RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 19.35 -ACRE TRACT "A", 26.34 - ACRE, TRACT "B", 27.41 -ACRE TRACT "C", 42.94 -ACRE TRACT "D", 62.36 -ACRE TRACT "E", 73.80 -ACRE TRACT "F", 32.63 -ACRE TRACT 44G", AND 2.98 -ACRE TRACT "H" BEING DESCRIBED BY METES AND BOUNDS AS FOLLOWS: TRACT "A" (DRIVING RANGE) COMMENCING at a ih-inch iron rod found for the southwest corner of said 813.09 -acre tract, being also the southeast comer of that certain 8.881 -acre tract of land as described in a deed to GC&E Services, Inc. of record in Volume 2621, Page 136 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway No. 29, a 100 -foot wide right- of-way; THENCE, with the west line of said 813.09 -acre tract and the east line of said 8.881 -acre tract, the following two (2) courses: 1. N 22°01'00" W, for a distance of 517.58 feet to a 60d nail found for an angle point, and 2. N 21'14'06" W, for a distance of 351.38 feet to a point being in the west line of said 813.09 -acre tract and being in the east line of that certain 8.725 -acre tract of land as described in a deed to William D. Richards, et ux, of record in Document No. 9630009 of the Deed Records of Williamson County, Texas; THENCE, N 68045'54" E, departing the east line of said 8.725 -acre tract and over and across said 813.09 -acre tract, for a distance of 65.84 feet to an iron rod with cap set for the POINT OF BEGINNING and the southwest corner of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the west, north, east and south lines of the herein described tract, the following fifteen (15) courses: GOLF COURSE TRACTS 287.81 Acres Page 7 of 23 FN 00-035-011-01 R January 24, 2001 1. N 21'18'57" W for a distance of 1555.98 feet to an 1/2 -inch iron rod with cap set at the beginning of a curve to the right and being the northwest corner of the herein described tract, 2. along said curve to the right, an arc distance of 38.93 feet said curve having a radius of 25.00 feet, a central angle of 89° 13' 17" and a chord bearing of N 24° 04' 25" E for a chord distance of 35.12 feet to a lh inch iron rod with cap set at the end of said curve, 3. N 69°2744" E for a distance of 351.10 feet to a 1/2 -inch iron rod with cap set for the northeast corner of the herein described tract, 4. S 25°48'31" E for a distance of 1142.53 feet to a lh-inch iron rod with cap set, 5. S 86°46'02" E for a distance of 255.00 feet to a 1/2 -inch iron rod with cap set, 6. S 04'26'09" W for a distance of 182.05 feet to a lh-inch iron rod with cap set, 7. S 85°33'57" E for a distance of 404.18 feet to a 1/2 -inch iron rod with cap set, 8. S 04°25'52" W for a distance of 143.26 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right and being the southeast corner of the herein described tract, 9, along said curve to the right, an arc distance of 23.64 feet, said curve having a radius of 15.00, a central angle of 90°17'47" and a chord bearing of S 49°34'46" W and a chord distance of 21.27 to a 1/2 -inch iron rod with cap set at the end of said curve, 10. N 850 21' 25" W for a distance of 1.92 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the left, l 1. along said curve to the left, an arc distance of 417.88 feet, said curve having a radius of 630.00 feet, a central angle of 38100'17" and a chord bearing of S 75°43'31" W and a chord distance of 410.27 feet to a V2 -inch iron rod with cap set at a point of reverse curvature to the right, 12, along said curve to the right, an arc distance of 16.43 feet, said curve having a radius of 15.00, a central angle of 62°44'37" and a chord bearing of S 88°05'40" W, for a chord distance of 15.62 feet to a 1/2 -inch iron rod with cap set at a point of reverse curvature to the left, 13, along said curve to the left, an arc distance of 156.99 feet, said curve having a radius of 90.00 feet, a central angle of 99°56'52" and a chord bearing of S 69°29'32" W, for a chord distance of 137.83 feet to a 1/2 -inch iron rod with ca set at the end of said curve, 14. N 70'29'12" W for a distance of 131.58 feet to a 1/2 -inch iron rod with cap set, and GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 2 of 23 15. S 68046'05" W for a distance of 239.13 containing 19.35 acres of land, and TRACT `B" (GOLF COURSE HOLES 15 AND 16) feet to the POINT OF BEGINNING and BEGINNING at a 1/i -inch iron rod found for the southeast corner of said 813.09 -acre tract, being also the southwest corner of that certain 37.995 -acre tract of land as described in a deed to H. H. Rothell of record in Volume 649, Page 607 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway 29, a 100 -foot wide right-of-way; THENCE, N 8202624" W, with the south line of said 813.09 -acre tract, and the north line of said State Highway 29 right-of-way, for a distance of 1269.10 feet to a point, THENCE, N 0703336" E, departing the north line of said State Highway 29 right-of-way and over and across said 813.09 -acre tract, for a distance of 78.82 feet to a'h-inch iron rod with cap set for the POINT OF BEGINNING and the southeast corner of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the south, west, north and east lines of the herein described tract, the following thirty (30) courses and distances: 1. N 82°26'41" W for a distance of 1081.02 feet to a 1/z -inch iron rod with cap set for an angle point, 2. N 07°33'43" E for a distance of 121.27 feet to a 1/z -inch iron rod with cap set for an angle point, 3. N 82°26'23" W for a distance of 280.00 feet to a 1/z -inch iron rod with cap set for an angle point, 4. S 07°3332" W for a distance of 121.30 feet to a 1/z -inch iron rod with cap set for an angle point, 5. N 82°26'42" W for a distance of 806.94 feet to a 1/z -inch iron rod with cap set for an angle point, 6. N 24'47'57" W for a distance of 570.46 feet to a '/z -inch iron rod with cap set for an angle point, 7. N 70'04'35" E for a distance of 327.67 feet to a '/z -inch iron rod with cap set at the beginning of a curve to the right, 8. along said curve to the right, an arc distance of 89.73 feet, said curve having a radius of 670.00 feet, a central angle of 07°40'24" and a chord bearings of N 73°54'47" E for a chord distance of 89.66 feet to a'/z-inch iron rod with cap set at the end of said curve, GOLF COURSE TRACTS 287.81 Acres Page 3 of 23 FN 00-035-011-01 R January 24, 2001 9. S 09°53'49" E for a distance of 149.44 feet to a 1/2 -inch iron rod with cap set for an angle point, 10. N 80006'18" E for a distance of 125.00 feet to a'/2 -inch iron rod with cap set for an angle point, 11. N 88025137" E for a distance of 175.95 feet to a ih-inch iron rod with cap set for an angle point, 12. S 45010'30" E for a distance of 129.66 feet to a 1/2 -inch iron rod with cap set for an angle point, 13. S 31°37'08" E for a distance of 65.23 feet to a 1/2 -inch iron rod with cap set for an angle point, 14. S 39°25'05" E for a distance of 171.93 feet to a 1/2 -inch iron rod with cap set for an angle point, 15. S 72°20'04" E for a distance of 198.08 feet to a 1/2 -inch iron rod with cap set for an angle point, 16. N 76029'49" E for distance of 132.89 feet to a 1/2 -inch iron rod with cap set for an angle point, 17. N 89°05'26" E for a distance of 126.02 feet to a 1/2 -inch iron rod with cap set for an angle point, 18. S 76°15'29" E for a distance of 131.30 feet to a 1/2 -inch iron rod with cap set for an angle point, 19. S 88°15'06" E for a distance of 509.71 feet to a 1/2 -inch iron rod with cap set for an angle point, 20. N 85017'52" E for a distance of 167.24 feet to a 1/2 -inch iron rod with cap set for an angle point, 21. N 75°03'59" E for a distance of 249.34 feet to a 1/2 -inch iron rod with cap set for an angle point, 22. N 11°24'56" E for a distance of 69.17 feet to a 1/2 -inch iron rod with cap set for an angle point, 23. S 78°35'06" E for a distance of 33.49 feet to a 1/2 inch iron rod with cap set in at the beginning of a curve to the left, GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 4 of 23 24. along said curve to the left, an arc distance of 138.44 feet, said curve having a radius of 325.00 feet, a central angle of 24°24'22" and a chord of which bears N 89°13'04" E for a chord distance of 137.40 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 25. N 77°00'45" E for a distance of 275.04 feet to a/24nch iron rod with cap set at the beginning of a curve to the left, 26. along said curve to the left, an arc distance of 74.21 feet, said curve having a radius of 1025.00 feet, a central angle of 04°08'53" and a chord of which bears N 74056'14" E for a chord distance of 74.19 feet to a r/2 -inch iron rod with cap set at the end of said curve, 27. S 21027108" E for a distance of 71.31 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 28, along said curve to the right, an arc distance of 104.89 feet, said curve having a radius 75.00 feet, a central angle of 80°08'04" and a chord which bears S 18°36'54" W for a chord distance of 96.55 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 29. S 58°40'52" W for a distance of 784.69 feet to a 1/2 -inch iron rod with cap set for an angle point, and 30. S 38°41'52" E for a distance of 155.37 feet to the POINT OF BEGINNING and containing 26.34 acres of land, and TRACT "C" (GOLF COURSE HOLES 13 AND 14) COMMENCING at a 1/2 -inch iron rod found for the southeast corner of said 813.09 -acre tract, being also the southwest corner of that certain 37.995 -acre tract of land as described in a deed to H. H. Rothell of record in Volume 649, Page 607 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway 29, a 100 -foot wide right-of-way; THENCE, N 22°03' 11" W, with the east line of said 813.09 -acre tract and the west line of said 37.995 -acre tract, for a distance of 603.46 feet to a 1/2 -inch iron rod found for an angle point; THENCE, N 21003735" W. continuing with the east line of said 813.09 -acre tract and the west line of said 37.995 -acre tract, for a distance of 570.06 feet to an angle point; THENCE, S 68056126" W, departing the west line of said 37.995 -acre tract and over and across said 813.09 -acre tract, for a distance of 162.10 feet to a 1/2 -inch iron rod with cap set at the POINT OF BEGINNING and being at the beginning of a curve to the left; THENCE, continuing over and across said 813.09 -acre tract, with the east, south, west and north lines of the herein described tract, for the following thirty-six (36) courses; GOLF COURSE TRACTS 287.81 Acres Page 5 of 23 FN 00-035-011-01 R January 24, 2001 1. along said curve to the right, an arc distance of 23.56 feet, said curve having a radius of 15.00, a central angle of 89°59'57" and a chord bearing of S 23°33'05" W, for a chord distance of 21.21 feet to a'/2 -inch iron rod with cap set at the end of said curve, 2. S 68°33'06" W for a distance of 25.86 feet to a lh-inch iron rod with cap set at the beginning of a curve to the right, 3. along said curve to the right, an arc distance of 143.97 feet, said curve having a radius of 975.00 feet, a central angle of 08027'37" and a chord bearing of S 72°46'55" W, for a chord distance of 143.84 feet to a 1/s -inch iron rod with cap set at the end of said curve, 4. S 77°00'45" W for a distance of 211.58 feet to a 1/2 -inch iron rod with cap set for an angle point, 5. N 12058746" W for a distance of 62.20 feet to a lh-inch iron rod with cap set for an angle point, 6. N 67°32'27" W for a distance of 263.07 feet to a 1/2 -inch iron rod with cap set for an angle point, 7. N 86°05'42" W for a distance of 127.09 feet to a 1/2 -inch iron rod with cap set for an angle point, 8. S 85°26'53" W for a distance of 219.31 feet to a 1/2 -inch iron rod with cap set for an angle point, 9. N 62°21'05" W for a distance of 115.87 feet to a 1/2 -inch iron rod with cap set for an angle point, 10. N 51010'2351 W for a distance of 77.13 feet to a 1/2 -inch iron rod with cap set for an angle point, 11. N 06037'14" E for a distance of 348.41 feet to a lh-inch iron rod with cap set for an angle point, 12. N 56039'05" E for a distance of 151.22 feet to a 1/2 -inch iron road with cap set for an angle point, 13. N 15°11'58" W for a distance of 184.34 feet to a 1/2 -inch iron rod with cap set for an angle point, 14. N 78006'565' W for a distance of 104.25 feet to a 1/2 -inch iron rod with cap set for an angle point, GOLF COURSE TRACTS 287.81 Acres Page 6 of 23 FN 00-035-011-01 R January 24, 2001 15. S 81054509" W for a distance of 510.24 feet to a 1/2 -inch iron rod with cap set for an angle point, 16. N 82°52'50" W for a distance of 64.06 feet to a 1/2 -inch iron rod with cap set for an angle point,. 17. N 56039'50" W for a distance of 125.25 feet to a 1/2 -inch iron rod with cap set for an angle point, 18. N 48025'35" W for a distance of 887.58 feet to a 1/2 -inch iron rod with cap set for an angle point, 19. N 21°21'50" E for a distance of 70.52 feet to a 1/2 -inch iron rod with set in a curve to the left, 20, along said curve to the left, an arc distance of 259.03 feet, said curve having a radius of 630.00 feet, a central angle of 23°33'29" and a chord bearing of S 82°50'44" E for a chord distance of 257.21 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 21. N 85022131" E for a distance of 217.52 feet to a 1/2 -inch iron rod with cap set for an angle point, 22. S 13018130" W for a distance of 131.72 feet to a 1/2 -inch iron rod with a cap set for an angle point, 23. S 64°52'25" E for a distance of 410.44 feet to a 1/2 -inch iron rod with a cap set for an angle point, 24. N 85018151" E for a distance of 170.15 feet to a 1/2 -inch iron rod with a cap set for an angle point, 25. N 08°4529" W for a distance of 200.63 feet to a 1/2 -inch iron rod with a cap set for an angle point, 26. N 81014128" E for a distance of 162.54 feet to a 1/2 -inch iron rod with a cap set at the beginning of a curve to the right, 27, along said curve to the right, an arc distance of 57.13, said curve having a radius of 300.00 feet to a central angle of 10°54'39" and a chord bearing of N 86°41'47" E for a chord distance of 57.04 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 28. S 87050'53"E for a distance of 174.24 feet to a 1/2 -inch iron rod with cap set for an angle point, GOLF COURSE TRACTS 287.81 Acres Page 7 of 23 FN 00-035-011-01 R January 24, 2001 29. S 02009108" W for a distance of 196.24 feet to a 1/2 -inch iron rod with cap set for an angle point, 30. S 87051'01" E for a distance of 116.23 feet to a 1/2 -inch iron rod with cap set for an angle point, 31. S 31'21'52" E for a distance of 489.12 feet to a l/2 -inch iron rod with cap set for an angle point, 32. S 32006'49" E for a distance of 326.54 feet to a 1/2 inch iron rod with cap set for an angle point, 33. S 66°5454" E for a distance of 372.43 feet to a 1/2 -inch iron rod with cap set for an angle point, 34. N 23°05'06" E for a distance of 108.68 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 35. along said curve to the right, an are distance of 8397, said curve having a radius of 275.00 feet, a central angle of 17°29'39" and a chord bearing of S 30°11'39" E, for a chord distance of 83.64 feet to a 1/2 -inch iron rod with a cap set at the end of said curve, and 36. S 21°26'53" E for a distance of 351.65 feet to the POINT OF BEGINNING and containing 27.41 acres of land, and TRACT "D" (GOLF COURSE HOLES 1 THROUGH 3) COMMENCING at a 1/2 -inch iron rod with cap found for the southeast comer of that certain 98.30 -acre tract of land as described in a deed to Milton Lee and Judy Marie Owen, Jr. of record in Volume 2208, Page 603 of the Deed Records of Williamson County, Texas and being an interior ell corner in the west line of said 813.09 -acre tract; THENCE, N 66017'48" E, over and across said 813.09 -acre tract, for a distance of 579.26 feet to a 1/2 -inch iron rod with cap set at the POINT OF BEGINNING of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the west, north, east and south lines of the herein described tract, the following forty-three (43) courses: 1. N 06'14'02" W for a distance of 154.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 2. N 57°51'01" E for a distance of 295.43 feet to a 1/2 inch iron rod with cap set for an angle point, GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 8 of 23 3. S 13°13'09" E for a distance of 155.20 feet to a lh inch iron rod with cap set for an angle point 4. N 78°30'56" E for a distance of 362.65 feet to a lh-inch iron rod with cap set for an angle point, 5. N 16°05'54" W for a distance of 637.08 feet to a 1/2 -inch iron rod with cap set for an angle point, 6. N 12°20'55" W for a distance of 125.27 feet to a 1/2 -inch iron rod with cap set for an angle point, 7. N 08'28'14" E for a distance of 86.15 feet to a lh-inch iron rod with cap set for an angle point, 8. N 62°03'55" W for a distance of 135.53 feet to a 1/s -inch iron rod with cap set in a curve to the left, 9, along said curve to the left, an arc distance of 174.67, said curve having a radius of 325.00 feet, a central angle of 30'47'38" and a chord bearing of N 52'21'16" E, for a chord distance of 172.58 feet to a 1/2 -inch iron road with cap set at the end of said curve, 10. S 74023'13" E for a distance of 305.87 feet to a 1/2 -inch iron rod with cap set for an angle point, 11. S 34°01'22" E for a distance of 95.30 feet to a lh-inch iron rod with cap set for an angle point, 12. S 11'17'54" E for a distance of 111.24 feet to a 1/2 -inch iron rod with cap set for an angle point, 13. S 03031'50" W for a distance of 750.02 feet to a 1/2 -inch iron rod with cap set for an angle point, 14. S 37'35'13" W for a distance of 127.41 feet to a 1/2 -inch iron rod with cap set for an angle point, 15. S 14'47'36" W for a distance of 234.60 feet to a 1/2 -inch iron rod with cap set for an angle point, 16. S 47025116" W for a distance of 123.45 feet to a 1/2 -inch iron rod with cap set for an angle point, 17. S 37°06'50" W for a distance of 209.68 feet to a'h-inch iron rod with cap set for an angle point, GOLF COURSE TRACTS 287.81 Acres Page 9 of 23 FN 00-035-011-01 R January 24, 2001 18. S 01°58'36" W for a distance of 446.54 feet to a'/z-inch iron rod with cap set for an angle point, 19. S 44"17'49"W for a distance of 585.41 feet to a 1/2 -inch iron rod with cap set for an angle point, 20. S 88°10'07" W for a distance of 323.93 feet to a 1/2 -inch iron rod with cap set for an angle point, 21. S 24005'43" W for a distance of 531.85 feet to a 1/2 -inch iron rod with cap set for an angle point, 22. S 10'49'29" W for a distance of 670.76 feet to a'/s-inch iron rod with cap set for an angle point, 23. S 36'29'10" E for a distance of 171.94 feet to a 1/2 -inch iron rod with cap set for an angle point, 24. S 41012137" E for a distance of 40.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 25. S 48045'34" W for a distance of 28.90 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 26. along said curve to the right, an arc distance of 457.31 feet, said curve having a radius of 570.00 feet, a central angle of 45°58'05" and a chord bearing of S 71°44'36" W, for a chord distance of 445.14 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 27. N 85015'52" W for a distance of 20.25 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 28. along said curve to the right, an arc distance of 23.48 feet, said curve having a radius of 15.00 feet, a central angle of 89042'13" and a chord bearing of N 40'25'14" W, for a chord distance of 21.16 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 29. N 04°25'52" E for a distance of 149.78 feet to a 1/2 -inch iron rod with cap set for an angle point, 30. S 85°33'59" E for a distance of 150.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 31. N 04°25'55" E for a distance of 250.01 feet to a 1/2 -inch iron rod with cap set for an angle point, GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 10 of 23 32. N 11006'31" W for a distance of 353.16 feet to a 1/2 -inch iron rod with cap set for an angle point, 33. N 66°37'44" W for a distance of 156.48 feet to a 1/2 -inch iron rod with cap set for an angle point, 34. N 22029'26" W for a distance of 108.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 35. N 14023143" E for a distance of 105.23 feet to a 1/2 -inch iron rod with cap set for an angle point, 36. N 34°37'37" E for a distance of 104.78 feet to a 1/2 -inch iron rod with cap set for an angle point, 37. N 43023'34" E for a distance of 92.78 feet to a 1/2 -inch iron rod with cap set for an angle point, 38. N 88012133" E for a distance of 43.28 feet to a 1/2 -inch iron rod with cap set for an angle point, 39. N 24005554" E for a distance of 633.40 feet to a l/2 -inch iron rod with cap set for an angle point, 40. N 46°22'35" E for a distance of 461.01 feet to a 1/2 -inch iron rod with cap set for an angle point, 41. N 39°37'31" E for a distance of 294.94 feet to a 1/2 -inch iron rod with cap set for an angle point, 42. N 26°45'36" E for a distance of 307.47 feet to a 1/2 -inch iron rod with cap set for an angle point, and 43. N 06°13'55" W for a distance of 157.16 feet to the POINT OF BEGINNING and containing 42.94 acres of land, and TRACT "E" (GOLF COURSE HOLES 9 THROUGH 12) COMMENCING at a 1/2 -inch iron rod with cap found for the southwest corner of Lot 9 of D & N Builders Tract, an unrecorded subdivision, in Williamson County, Texas, being also the northwest corner of Lot 8 of said D & N Builders Tract, and being in the east line of said 813.09 - acre tract; GOLF COURSE TRACTS 287.81 Acres Page 11 of 23 FN 00-035-011-01 R January 24, 2001 THENCE, S 21°17'11" E, with the east line of said 813.09 -acre tract and the west line of said Lot 8, for a distance of 88.58 feet to a 1/2 -inch iron rod with cap set at the POINT OF BEGINNING and northeast corner of the herein described tract; THENCE, continuing with the east line of said 813.09 -acre tract and the west line of said Lot 8, and with the east line of the herein described tract, the following three (3) courses: 1. S 21'17'11" E, for a distance of 998.32 feet to an iron rod found, 2. S 40019157" E, for a distance of 94.58 feet to an iron rod found, and 3. S 46°39'28" E, for a distance of 182.75 feet to a 1/2 -inch iron rod with cap set, THENCE, departing the west line of said Lot 8 and over and across said 813.09 -acre tract, with the east, south, west and north lines of the herein described tract, the following forty-four (44) courses: 1. S 68°06'03" W for a distance of 492.33 feet to a 1/2 -inch iron rod with cap set for an angle point, 2. S 00'30'05" W for a distance of 428.52 feet to a 1/2 -inch iron rod with cap set for an angle point, 3. S 68'38'17" W for a distance of 101.45 feet to a 1/2 -inch iron rod with cap set for an angle point, 4. S 63°09'07" W for a distance of 80.61 feet to a 1/2 -inch iron rod with cap set for an angle point, 5. S 67°10'46" W for a distance of 183.80 feet to a 1/2 -inch iron rod with cap set for an angle point, 6. S 37°24'06" W for a distance of 100.86 feet to a 1/2 -inch -iron rod with cap set for an angle point, 7. S 10'57'17" E for a distance of 125.44 feet to a 1/2 -inch iron rod with cap set for an angle point, 8. S 20'47'15" E for a distance of 600.26 feet to a 1/2 -inch iron rod with cap set for an angle point, 9. S 86°59'35" W for a distance of 94.79 feet to a 1/2 -inch iron rod with cap set for an angle point, GOLF COURSE TRACTS 287.81 Acres Page 12 of 23 FN 00-035-011-01 R January 24, 2001 10. S 03°36'04" E for a distance of 443.41 feet to a 1/2 -inch iron rod with cap set for an angle point, 11. S 27057'52" W for a distance of 841.37 feet to a'/2 -inch iron rod with cap set for an angle point, 12. S 49°11'02" W for a distance of 266.92 feet to a 1/2 -inch iron rod with cap set for an angle point, 13. S 31012109" W for a distance of 416.63 feet to a 1/2 -inch iron rod with cap set for an angle point, 14. S 80039' 10" E for a distance of 185.82 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the left, 15, along said curve to the left, an arc distance of 4.51 feet, said curve having a radius of 325.00 feet, a central angle of 00°47'43", and a chord bearing of S 08°56'53" W, for a chord distance of 4.51 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 16. S 08°33'01" W for a distance of 41.97 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the right, 17. along said curve to the right, and arc distance of 21.45 feet, said curve having a radius of 15.00 feet, a central angle of 81055'55" and a chord bearing of S 49°30'59" W, for a chord distance of 19.67 feet to a 1/2 -inch iron rod with cap set at a point of reverse curve to the left, 18, along said curve to the left, an arc distance of 24.07 feet, said curve having a radius of 270.00 feet, a central angle of 05°06'25" and a chord bearing of S 87°55'43" W, for a chord distance of 24.06 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 19. S 85°22'31" W for a distance of 251.92 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 20. along said curve to the right an arc distance of 399.53 feet, said curve having a radius of 580.00 feet, a central angle of 39°28'06" and a chord of which bears N 74°53'26" W for chord distance of 391.68 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 21. N 55009723" W for a distance of 121.06 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 22, along said curve to the right, an arc distance of 37.36 feet, said curve having a radius of 25.00 feet, a central angle of 85'37'19" and a chord of which bears of N 12°20'43" W, for a chord distance of 33.98 feet to a 1/2 -inch iron rod with cap set at a point of reverse curve to the left, GOLF COURSE TRACTS 287.81 Acres Page 13 of 23 FN 00-035-011-01 R January 24, 2001 23. along said curve to the left, an arc distance of 187.54 feet, said curve having a radius of 630.00 feet, a central angle of 17'03'22" and a chord bearing of N 21'56'15" E, for a chord distance of 186.85 feet to a'/s-inch iron rod with cap set at the end of said curve, 24. N 13°24'42" E for a distance of 202.92 feet to a 1/2 -inch iron rod with cap set for an angle point, 25. S 76035113" E for a distance of 152.05 feet to a 1/2 -inch iron rod with cap set for an angle point, 26. N 77034'48" E for a distance of 134.69 feet to a 1/2 -inch iron rod with cap set for an angle point, 27. N 26042356" E for a distance of 577.95 feet to a 1/2 -inch iron rod with cap set for an angle point, 28. N 16056'02" E for a distance of 557.94 feet to a 1/2 -inch iron rod with cap set for an angle point, 29. N 02057'25" E for a distance of 1015.62 feet to a 1/2 -inch iron rod with cap set for an angle point, 30. N 05°08'39" W for a distance of 378.98 feet to a 1/2 -inch iron rod with cap set for an angle point, 31. N 86050'24" W for a distance of 140.96 feet to a 1/2 -inch iron rod with cap set for an angle point, 32. N 03°09'40" E for a distance of 60.84 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 33. along said curve to the right, an arc distance of 325.03 feet, said curve having a radius of 520.00 feet, a central angle of 35°48'47" and a chord of which bears N 21°04'03" E for a chord distance of 319.76 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 34. N 38°58'27" E for a distance of 28.02 feet to a 1/2 -inch iron rod with cap set at the beginning a curve to the right, 35. along said curve to the right, an are distance of 146.07 feet, said curve having a radius of 525.00 feet, a central angle of 15°56'29" and a chord of which bears N 46°56'41" E for a chord distance of 145.60 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 36. S 41013'41" E for a distance of 214.23 feet to a 1/2 -inch iron rod with cap set for an angle point, GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 14 of 23 37. N 80009'3 87' E for a distance of 177.61 feet to a'h-inch iron rod with cap set for an angle point, 38. N 54°08129" E for a distance of 177.68 feet to a 1/2 -inch iron rod with cap set for an angle point, 39. N 23'16'10" E for a distance of 175.11 feet to a'h-inch iron rod with cap set for an angle point, 40. N 23017'45" W for a distance of 794.20 feet to a ih-inch iron rod with cap set for an angle point, 41. N 59008158" W for a distance of 142.20 feet to a i/2 -inch iron rod with cap set for an angle point, 42. N 30050'59" E for a distance of 239.79 feet to a'/2 -inch iron rod with cap set for an angle point, 43. S 45°33'33" E for a distance of 318.15 feet to a i/2 -inch iron rod with cap set for an angle point, and 44. N 68°44'34" E for a distance of 171.59 feet to the POINT OF BEGINNING and containing 62.36 acres of land, and TRACT "F" (GOLF COURSE HOLES 4 THROUGH 8) COMMENCING at a iron rod found for the northwest corner of said 813.09 -acre tract, being also the northeast comer of that certain 121.21 -acre tract of land as described in a deed to John F. & Jeanette L. Griffin, III of record in Volume 2489, Page 651 of the Deed Records of Williamson County, Texas, and being in the south line of that certain 170.00 -acre tract of land as described in a deed to Stanley M. & Carol R. Jensen of record in Volume 2179, Page 519 of the Deed Records of Williamson County, Texas; THENCE, S 21011117" E. with the west line of said 813.09 -acre tract and the east line of said 121.21 -acre tract, for a distance of 623.58 feet to a point; THENCE, N 68048144" E, departing the west line of said 121.21 -acre tract and over and across said 813.09 -acre tract, for a distance of 75.91 feet to a i/2 -inch iron rod with cap set at the POINT OF BEGINNING of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the north, east, south and west lines of the herein described tract, the following seventy-nine (79) courses and distances; 1. N 70'28'14" E for a distance of 71.46 feet to a %2 -inch iron rod with cap set, GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 15 of 23 2. N 35°05'28" E for a distance of 142.88 feet to a'/2 -inch iron rod with cap set, 3. N 14'08'14" W for a distance of 181.94 feet to a 1/2 -inch iron rod with cap set, 4. N 35°20'02" E for a distance of 198.98 feet to a 1/2 -inch iron rod with cap set, 5. N 74°21'50" E for a distance of 420.70 feet to a 1/2 -inch iron rod with cap set, 6. N 68°29'53" E for a distance of 552.15 feet to a 1/2 -inch iron rod with cap set, 7. N 47048'35" E for a distance of 19099 feet to a 1/2 -inch iron rod with cap set, 8. N 69°56'30" E for a distance of 38.40 feet to a 1/2 -inch iron rod with cap set, 9. S 61°02'51" E for a distance of 64.84 feet to a 1/2 -inch iron rod with cap set, 10. N 76052'55" E for a distance of 1153.90 feet to a 1/2 -inch iron rod with cap set, 11. S 67°03'29" E for a distance of 221.86 feet to a 1/2 -inch iron rod with cap set, 12. S 33003336" E for a distance of 356.69 feet to a 1/2 -inch iron rod with cap set, 13. S 07°41'06" E for a distance of 8996 feet to a 1/2 -inch iron rod with cap set, 14. S 44°38'30" E for a distance of 33.01 feet to a 1/2 -inch iron rod with cap set, 15. S 13°01'07" W for a distance of 67.80 feet to a 1/2 -inch iron rod with cap set, 16. S 57°46'51" W for a distance of 125.46 feet to a 1/2 -inch iron rod with cap set, 17. S 13018'58" E for a distance of 907.91 feet to a 1/2 -inch iron rod with cap set, 18. S 67°19'56" E for a distance of 152.19 feet to a 1/2 -inch iron rod with cap set, 19. N 68°59'57" E for a distance of 116.93 feet to a 1/2 -inch iron rod with cap set, 20. S 56044' 10" E for a distance of 81.94 feet to a 1/2 -inch iron rod with cap set, 21. S 27034'51" E for a distance of 51.21 feet to a 1/2 -inch iron rod with cap set, 22. N 67°46'31" E for a distance of 160.41 feet to a 1/2 -inch iron rod with cap set in a curve to the right, GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 16 of 23 23. along said curve to the right, an arc distance of 159.37 feet, said curve having a radius of 375.00 feet, a central angle of 24°21'00" and a chord bearing of S 21'12'10" E, for a chord distance of 158.17 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 24. S 55047'00" W for a distance of 243.74 feet to a'/2 -inch iron rod with cap set, 25. S 01°00'34" W for a distance of 124.89 feet to a 1/2 -inch iron rod with cap set, 26. S59008150" E for a distance of 127.83 feet to a l/2 -inch iron rod with cap set, 27. S 30050'59" W for a distance of 174.27 feet to a 1/2 -inch iron rod with cap set, 28. N 59008'56" W for a distance of 148.17 feet to a 1/2 -inch iron rod with cap set, 29. S 54°23'37" W for a distance of 164.97 feet to a 1/2 -inch iron rod with cap set, 30. S 72001'42" W fora distance of 141.18 feet to a 1/2 -inch iron rod with cap set, 31. N 85004104" W for a distance of 125.03 feet to a 1/2 -inch iron rod with cap set, 32. N 77°17'06" W for a distance of 324.31 feet to a 1/2 -inch iron rod with cap set, 33. N 04°38'30" E for a distance of 230.53 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the left, 34. along said curve to the left, an arc distance of 114.67 feet, said curve having a radius of 625.00 feet, a central angle of 10°30'44" and a chord bearing of N 00°36'52" W, for a chord distance of 114.51 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 35. S 64°02'03" E for a distance of 85.80 feet to a 1/2 -inch iron rod with cap set, 36. S 71'25'l 0" E for a distance of 141.48 feet to a 1/2 -inch iron rod with cap set, 37. N 20°15'41" W for a distance of 726.12 feet to a 1/2 -inch iron rod with cap set, 38. N 64°26'07" E for a distance of 160.10 feet to a 1/2 -inch iron rod with cap set, 39. N 00054153" E for a distance of 485.45 feet to a 1/2 -inch iron rod with cap set, 40. N 40°40'08" W for a distance of 351.87 feet to a 1/2 -inch iron rod with cap set, 41. N 82008'24" W for a distance of 195.97 feet to a 1/2 -inch iron rod with cap set, 42. N 87°09'24" W for a distance of 386.05 feet to a 1/2 -inch iron rod with cap set, GOLF COURSE TRACTS FN 00-035-011-01R 287.81 Acres .January 24, 2001 Page 17 of 23 43. S 57°16'01" W for a distance of 80.21 feet to a'/s-inch iron rod with cap set, 44. S 07°51'42" W for a distance of 153.79 feet to a 1/2 -inch iron rod with cap set, 45. S 68016130" W for a distance of 669.29 feet to a 1/2 -inch iron rod with cap set, 46. S 87038708" W for a distance of 578.81 feet to a 1/2 -inch iron rod with cap set, 47. S 02°21'53" E for a distance of 435.42 feet to a 1/2 -inch iron rod with cap set, 48. S 60006'22" E for a distance of 38.97 feet to a 1/2 -inch iron rod with cap set, 49. S 65012' 15" E for a distance of 352.67 feet to a 1/2 -inch iron rod with cap set, 50. S 43053128" E for a distance of 91.31 feet to a 1/2 -inch iron rod with cap set, 51. S 1145'40" E for a distance of 41.95 feet to a 1/2 inch iron rod with cap set, 52. S 04000'03" E for a distance of 554.39 feet to a 1/2 -inch iron rod with cap set, 53. S 55°22'22" E for a distance of 68.33 feet to a 1/2 -inch iron rod with cap set, 54. S 72000115" E for a distance of 89.53 feet to a 1/2 -inch iron rod with cap set, 55. S 43'29'10" E for a distance of 971.52 feet to a 1/2 -inch iron rod with cap set, 56. S 32°59'58" E for a distance of 732.61 feet to a 1/2 -inch iron rod with cap set, 57. S 55°08'28" E for a distance of 84.58 feet to a 1/2 -inch iron rod with cap set in a curve to the right, 58, along said curve to the right, an arc distance of 322.42 feet, said curve having a radius of 275.00 feet, a central angle of 67°10'30" and a chord bearing of S 72°23'04" W, for a chord distance of 304.27 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 59. N 74001'41" W for a distance of 7.82 feet to a 1/2 -inch iron rod with cap set, 60. N 15°58'32" E for a distance of 116.04 feet to a 1/2 inch iron rod with cap set, 61. N 49054'46" W for a distance of 374.39 feet to a 1/2 -inch iron rod with cap set, 62. S 16°12149" W for a distance of 262.05 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, GOLF COURSE TRACTS 287.81 Acres Page 18 0123 FN 00-035-011-01 R January 24, 2001 63. along said curve to the right, an arc distance of 132.12 feet, said curve having a radius of 375.00 feet, a central angle of 20°11'09" and a chord bearing of N 52°52'33" W, for a chord distance of 131.43 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 64. N 42°46'58" W for a distance of 120.26 feet to a 1/2 -inch iron rod with cap set, 65. N 47°13'04" E for a distance of 232.97 feet to a 1/2 -inch iron rod with cap set, 66. N 51°53'20" W for a distance of 306.37 feet to a 1/2 -inch iron rod with cap set, 67. N 61'1 F 13" W for a distance of 511.94 feet to a V2 -inch iron rod with cap set, 68. N 38°03'04" W for a distance of 117.77 feet to a ih-inch iron rod with cap set, 69. N 14'56'14" W for a distance of 572.55 feet to a 1/2 -inch iron rod with cap set, 70. N 73°45'44" W for a distance of 305.35 feet to a 1/2 -inch iron rod with cap set, 71. N 21011158" W for a distance of 30.90 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the left, 72, along said curve to the left, an arc distance of 33.10 feet, said curve having a radius of 420.00 feet, a central angle 04°30'55" and a chord bearing of N 23°27'26" W, for a chord distance of 33.09 feet to a 1/2 -inch iron road with cap set at the end of said curve, 73. S 73°44'59" E for a distance of 189.67 feet to a 1/2 -inch iron rod with cap set, 74. N 1701015717 E for a distance of 46.30 feet to a 1/2 -inch iron rod with cap set, 75. N 20°59'54" W for a distance of 244.07 feet to a 1/2 -inch iron rod with cap set, 76. N 52°15'24" W for a distance of 381.90 feet to a 1/2 -inch iron rod with cap set, 77. S 46'23'19" W for a distance of 149.70 feet to a 1/2 -inch iron rod with cap set in a curve to the right, 78, along said curve to the right, an arc distance of 81.81 feet, said curve having a radius of 275.00 feet, a central angle 17°02'38" and a chord bearing of N 28°03'06" W, for a chord distance of 81.51 feet to a 1/2 inch iron rod set at the end of said curve, and 79. N 19°31'46" w for a distance of 391.11 feet to the POINT OF BEGINNING and containing 73.80 acres of land, and GOLF COURSE TRACTS 287.81 Acres Page 19 of 23 FN 00-035-011-01 R January 24, 2001 TRACT "G" (GOLF COURSE HOLES 17, 18 AND CLUBHOUSE) COMMENCING at a 1/2 -inch iron rod found for the southeast corner of said 813.09 -acre tract, being also the southwest corner of that certain 37.995 -acre tract of land as described in a deed to H. H. Rothell of record in Volume 649, Page 607 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway 29, a 100 -foot wide right-of-way; THENCE, N 82026124" W, with the south line of said 813.09 -acre tract, and the north line of said State Highway 29 right-of-way, for a distance of 4300.70 feet to a point; THENCE, N 07033'36" E, departing the north line of said State Highway 29 right-of-way and over and across said 813.09 -acre tract for a distance of 443.10 feet to a'/2 -inch iron rod with cap set for the POINT OF BEGINNING of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract the following nineteen (19) courses: 1. N 81 '23'3 8" W for a distance of 434.62 feet to a 1/2 inch iron rod set at the beginning of a curve to the right, 2, along said curve to the right, an arc distance of 681.91 feet, said curve having a radius of 650.00 feet, a central angle of 60'06'31" and a chord bearing of N 51'20'15" W for a chord distance of 651.07 feet to a 1/2 inch iron rod with cap set at a point of compound curve to the right, 3, along said curve to the right, an arc distance of 17.22 feet, said curve having a radius of 15.00 feet, a central angle of 65'46'17" and a chord bearing of N 11'36'09" E for a chord distance of 16.29 feet to a 1/2 inch iron rod with cap set at a point of reverse curve to the left, 4. along said curve to the left, an arc distance of 85.19 feet, said curve having a radius of 90.00 feet, a central angle of 54°14'03" and a chord bearing of N 17'22'16" E for a chord distance of 82.05 feet to a 1/2 inch iron rod with cap set at a point of reverse curve to the right, 5, along said curve to the right, an arc distance of 17.48 feet, said curve having a radius of 15.00 feet, a central angle of 66'46'16 " and a chord bearing of N 23°38'22" E for a chord distance of 16.51 feet to a 1/2 inch iron rod with cap set at a point of compound curve to the right, 6, along said curve to the right, an arc distance of 375.08 feet, said curve having a radius of 570.00 feet, a central angle of 37°42'09" and a chord bearing of N 75°52'35" E for a chord distance of 368.35 feet to a 1/2 inch iron rod with cap set at the end of said curve, 7. S 85°16'21" E for a distance of 102.17 feet to a 1/2 inch iron rod with cap set a the beginning of a curve to the left, GOLF COURSE TRACTS FN 00-035-011-01 R 287.81 Acres January 24, 2001 Page 20 of 23 8. along said curve to the left, an arc distance of 505.45 feet, said curve having a radius of 630.00 feet, a central angle of 45°58'05" and a chord bearing of N 71°44'36" E for a chord distance of 492.00 feet to a'/s inch iron rod with cap set at the end of said curve, 9. N 48°45'34" E for a distance of 4.14 feet to a 1/x inch iron rod with cap set, 10. S 42028154" E for a distance of 198.81 feet to a 1/z inch iron rod with cap set, 11. N 47'32'15" E for a distance of 325.00 feet to a 1/2 inch iron rod with cap set, 12. S 86°51140" E for a distance of 923.56 feet to a 1/2 inch iron rod with cap set, 13. S 31°31'23" E for a distance of 87.66 feet to a 1/2 inch iron rod with cap set, 14. S 21'14'43" W for a distance of 534.26 feet to a 1/2 inch iron rod with cap set in a curve to the left, 15, along said curve to the left, an arc distance of 87.02 feet, said curve having a radius of 440.00 feet, a central angle of 11'19'53" and a chord bearing of S 85'46'07" W for a chord distance of 86.88 feet to a 1/2 inch iron rod with cap set at the end of said curve, 16. S 80006' 10" W for a distance of 109.29 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the left, 17, along said curve to the left, an are distance of 127.75 feet, said curve having a radius of 730.00 feet, a central angle of 10'01'35" and a chord bearing of S 75'05'23" W for a chord distance of 127.58 feet to a 1/2 inch iron rod with cap set at the end of said curve, 18. S 70'04'35" W for a distance of 509.39 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the right, and 19, along said curve to the right, an arc distance of 383.41 feet, said curve having a radius of 770.00 feet, a central angle of 28°31'46" and a chord bearing of S 84°20'28" W for a chord distance of 379.46 feet to the POINT OF BEGINNING and containing 32.63 acres of land, and TRACT "H" (MAINTENANCE FACILITY) COMMENCING at a lh-inch iron rod found for the southwest corner of said 813.09 -acre tract, being also the southeast comer of that certain 8.881 -acre tract of land as described in a deed to GC&E Services, Inc. of record in Volume 2621, Page 136 of the Deed Records of Williamson County, Texas, and being the northerly line of State Highway No. 29, a 100 -foot right-of-way; GOLF COURSE TRACTS 287.81 Acres Page 21 of 23 FN 00-035-011-01 R January 24, 2001 THENCE, with the west line of said 813.09 -acre tract and the east line of said 8.881 -acre tract, the following two (2) courses: 1. N 22°01'00" W, for a distance of 517.58 feet to a 60d nail found for an angle point, and 2. N 21014'06" W, for a distance of 1123.07 feet to a point being in the east line of said 813.09 -acre tract and being in the east line of that certain 12.564 -acre tract of land as described in a deed to Jewel Moye McWhorter of record in Volume 1893, Page 192 of the Deed Records of Williamson County, Texas; THENCE, N 20041521" W, with the west line of said 813.09 -acre tract and the east line of said 12.564 -acre tract, for a distance of 266.08 feet to an iron rod found for the northeast corner of said 12.564 -acre tract, being also an angle point in the west line of said 813.09 -acre tract and being the southeast corner of that certain 20.0 -acre tract of land as described in a deed to Mrs. Sam Goldenberg of record in Volume 1705, Page 793 of the Deed Records of Williamson County, Texas; THENCE, N 21012'27" W, continuing with the west line of said 813.09 acre tract and with the east line of said 20.0 -acre tract, for a distance of 618.25 feet to an angle point; THENCE, N 68047'33" E, departing the east line of said 20.0 -acre tract and over and across said 813.09 -acre tract, for a distance of 60.67 feet to a lh-inch iron rod with cap set at the POINT OF BEGINNING of the herein described tract; THENCE, N 21'18'57" W, continuing over and across said 813.09 -acre tract, with the west line of the herein described tract, for a distance of 350.37 feet to a 1/2 -inch iron rod with cap set for the northwest corner of the herein described tract, being also in the north line of said 813.09 -acre tract and being in the south line of that certain 98.30 -acre tract of land as described in a deed to Milton Lee and Judy Marie Owen, Jr. of record in Volume 2208, Page 603 of the Deed Records of Williamson County, Texas; THENCE, N 69°56'01" E, with the north line of the herein described tract, the north line of said 813.09 -acre tract and the south line of said 98.30 -acre tract, for a distance of 350.66 feet to a 1/2 - inch iron rod with cap found for the northeast comer of the herein described tract; THENCE, departing the south line of said 98.30 -acre tract and over and across said 813.09 -acre tract, with the east and south lines of the herein described tract, the following three (3) courses and distances: 1. S 20°32'08" E, for a distance of 372.46 feet to a lh-inch iron rod with cap set for the southeast corner of the herein described tract, 2. S 69°27'47" W for a distance of 320.53 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the right, and GOLF COURSE TRACTS FN 00-035-011-01R 287.81 Acres January 24, 2001 Page 22 of 23 3. along said curve to the right, an arc distance of 39.61 feet, said curve having a radius of 25.00 feet, a central angle of 90°46'43" and a chord bearing of N 65°55'35" W for a chord distance of 35.60 feet to the POINT OF BEGINNING and containing 2.98 acres of land, for a combined total in all seven tract of 287.81 acres. Bearings are based on the Texas State Plan Coordinate System, Central Zone, NAD 1983 Convergence, 01'21'27" THE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TRAVIS § That I, William D. Warrick, a Registered Professional Land Surveyor, do hereby certify that the above description is true and correct to the best of my knowledge and belief and that the property described herein was determined by a survey made on the ground during JA �vu4:e y Zoo l under my direction and supervision. WITNESS MY HAND AND SEAL at Austin, Travis County, Texas this the Zs"' day of J4 /V uAA,y_ 2001, A.D. Vara Land Surveying 7035 F.M. 2244, Suite 200 Austin, Texas 78746 GOLF COURSE TRACTS 287.81 Acres William D. Warrick Registered Professional Land Surveyor No. 4426 — State of Texas Page 23 of 23 �STF9 .94426 \ 0 : .,OSE r' i S S SU kJ FN 00-035-011-01 R January 24, 2001 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS REALTOR TRACT;—�j JANUARY 25, 2001 DESCRIPTION OF A 525.18 -ACRE TRACT OF LAND SITUATED IN THE A. H. PORTER SURVEY, ABSTRACT, BEING ALL OF THAT PART CALLED 813.09 -ACRE TRACT OF LAND AS DESCRIBED IN A DEED TO RESORT PROPERTIES, INC. OF RECORD IN VOLUME 2148, PAGE 318 OF THE OFFICIAL RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 525.18 ACRES BEING DESCRIBED BY METES AND BOUNDS AS FOLLOWS; BEGINNING at an iron rod found for the southeast corner of said 813.09 -acre tract, being also in the north line of State Highway 29, a 100 -foot wide right-of-way, being also the southwest corner of that certain 37.995 -acre tract of land as described in a deed to H.H. Rothell of record in Volume 649, Page 607 of the Deed Records of Williamson County, Texas and being the southeast corner of the herein described tract; THENCE, with the south line called 813.09 -acre tract, the north line of said State Highway No. 29 right-of-way and the south line of the herein described tract, the following two (2) courses: 1. N 82°26'24" W for a distance of 5292.81 feet to a lh-inch iron rod with cap set at the beginning of a curve to the left, and 2. Along said curve to the left, an arc distance of 130.02 feet, said curve having a radius of 5779.65 feet, a central angle of 01017'20" and a chord bearing of N 83°02'42" W, for a chord distance of 130.02 feet to an iron rod found being the southwest corner of called 813.09 -acre tract, being also the southwest corner of the herein described tract and being the southeast corner of that certain 8.881 -acre tract of land as described in a deed to G C & E Services of record in Volume 2621, Page 136 of the deed records of Williamson County, Texas; THENCE, N 22001'00" W, with the west line of called 813.09 -acre tract, the east line of said 8.881 -acre tract and the west line of the herein described tract, for a distance of 517.58 feet to a 40d nail found for the northeast corner of said 8.881 -acre tract, being also a southeast corner of that certain 8.725 -acre tract of land as described in a deed to William D. Richards, et ux of record in Document No. 9630009 of the Official Records of Williamson County, Texas; THENCE, N21`14'06" W, continuing with the west line of called 813.09 -acre tract, the west line of the herein described tract, and with the east line of said 8.725 -acre tract, for a distance of 1123.07 feet to a 40d nail found for an angle point in the east line of that certain 12.564 -acre tract of land as described in a deed to Jewel Moye McWhorter of record in Volume 1893, Page 192 of the Deed Records of Williamson County, Texas; THENCE, N 20°41'21" W, continuing with the west line of called 813.09 -acre tract, the west line of the herein described tract and the east line of said 12.564 -acre tract, for a distance of 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 1 of 27 FN 00-035-011-02 JANUARY 25, 2001 1 266.08 feet to a 1/2 -inch iron rod with cap set for the northeast corner of said 12.564 -acre tract, being also a southeast corner of that certain 20.0 -acre tract of land as described in a deed to Mrs. Sam Goldenberg of record in Volume 1705, Page 793 of the Deed Records of Williamson County, Texas; THENCE, N 21012'27" W, continuing with the west line of called 813.09 -acre tract, the west line of the herein described tract and with the east line of said 20.0 -acre tract, for a distance of 969.82 feet to an iron rod found for the most westerly northwest corner of called 813.09 -acre tract, being also the most westerly northwest corner of the herein described tract, being also the northeast corner of said 20.0 -acre tract and being the southwest corner of that certain 98.30 -acre tract of land as described in a deed to Jilton Lee & Judy Marie Ower, Jr. of record in Volume 2208, Page 603 of the Official Records of Williamson County, Texas; THENCE, with a north line of called 813.09 -acre tract, the north line of the herein described tract and the south line of said 98.30 -acre tract, the following five (5) courses: 1. N 69°56'01" E for a distance of 410.68 feet to a 1/2 -inch iron rod with cap set for an angle point, 2. N 69°08'31" E for a distance of 191.06 feet to a 1/2 -inch iron rod with cap set for an angle point, 3. N 64°16'01" E for a distance of 77.21 feet to a 1/2 -inch iron rod with cap set for an angle point, 4. N 69°54'31" E for a distance of 843.66 feet to a 1/2 -inch iron rod with cap set for an angle point, and 5. N 69°57'31" E for a distance of 860.36 feet to a 1/z -inch iron rod with cap set for an ell corner in the west line of called 813.09 -acre tract, being also an ell corner in the west line of the herein described tract and being the southeast corner of said 98.30 -acre tract; THENCE, N 21012'16" W, with the west line of called 813.09 -acre tract, the west line of the herein described tract and the east line of said 98.30 -acre tract, for a distance of 2360.75 feet to an iron rod found for the northeast corner of said 98.30 -acre tract and being the southeast corner of that certain 121.21 -acre tract of land as described in a deed to John F. & Jeanette L. Griffin, III of record in Volume 2499, Page 651 of the Official Records of Williamson County, Texas; THENCE, N 21 01 I' 16" W, with the west line of called 813.09 -acre tract, the west line of the herein described tract and the east line of said 121.21 -acre tract, for a distance of 2340.54 feet to an iron rod found for the northwest corner of called 813.09 -acre tract, being also the northeast corner of said 121.21 -acre tract and being in the south line of that certain 170.00 -acre tract of land as described in a deed to Stanley M. & Carol R. Jensen of record in Volume 2179, Page 519 of the Official Records of Williamson County, Texas; 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 2 of 27 FN 00-035-011-02 JANUARY 25, 2001 266.08 feet to a 1/2 -inch iron rod with cap set for the northeast corner of said 12.564 -acre tract, being also a southeast corner of that certain 20.0 -acre tract of land as described in a deed to Mrs. Sam Goldenberg of record in Volume 1705, Page 793 of the Deed Records of Williamson County, Texas; THENCE, N 21012'27" W, continuing with the west line of called 813.09 -acre tract, the west line of the herein described tract and with the east line of said 20.0 -acre tract, for a distance of 969.82 feet to an iron rod found for the most westerly northwest corner of called 813.09 -acre tract, being also the most westerly northwest corner of the herein described tract, being also the northeast corner of said 20.0 -acre tract and being the southwest corner of that certain 98.30 -acre tract of land as described in a deed to Jilton Lee & Judy Marie Ower, Jr. of record in Volume 2208, Page 603 of the Official Records of Williamson County, Texas; THENCE, with a north line of called 813.09 -acre tract, the north line of the herein described tract and the south line of said 98.30 -acre tract, the following five (5) courses: 1. N 69°56'01" E for a distance of 410.68 feet to a 1/2 -inch iron rod with cap set for an angle point, 2. N 69°08'31" E for a distance of 191.06 feet to a 1/2 -inch iron rod with cap set for an angle point, 3. N 64°16'01" E for a distance of 77.21 feet to a 1/2 -inch iron rod with cap set for an angle point, 4. N 69°54'31" E for a distance of 843.66 feet to a 1/2 -inch iron rod with cap set for an angle point, and 5. N 69°57'31" E for a distance of 860.36 feet to a 1/z -inch iron rod with cap set for an ell corner in the west line of called 813.09 -acre tract, being also an ell corner in the west line of the herein described tract and being the southeast corner of said 98.30 -acre tract; THENCE, N 21012'16" W, with the west line of called 813.09 -acre tract, the west line of the herein described tract and the east line of said 98.30 -acre tract, for a distance of 2360.75 feet to an iron rod found for the northeast corner of said 98.30 -acre tract and being the southeast corner of that certain 121.21 -acre tract of land as described in a deed to John F. & Jeanette L. Griffin, III of record in Volume 2499, Page 651 of the Official Records of Williamson County, Texas; THENCE, N 21 01 I' 16" W, with the west line of called 813.09 -acre tract, the west line of the herein described tract and the east line of said 121.21 -acre tract, for a distance of 2340.54 feet to an iron rod found for the northwest corner of called 813.09 -acre tract, being also the northeast corner of said 121.21 -acre tract and being in the south line of that certain 170.00 -acre tract of land as described in a deed to Stanley M. & Carol R. Jensen of record in Volume 2179, Page 519 of the Official Records of Williamson County, Texas; 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 2 of 27 FN 00-035-011-02 JANUARY 25, 2001 THENCE, N 68046'56" E, with the north line of called 813.09 -acre tract, the north line of the herein described tract and the south line of said 170.00 -acre tract, for a distance of 3303.09 feet to an iron rod found for the northeast corner of called 813.09 -acre tract, being also the northeast corner of the herein described tract, being also the southeast corner of said 170.00 -acre tract, being also the southwest corner of that certain 221.58 -acre tract as described in a deed to The Culp Family Loving Trust of record in Volume 2179, Page 554 of the Official Records of Williamson County, Texas and being the northwest corner of that certain 312.08 -acre tract of land known as the D & N Builders Tract an unrecorded subdivision in Williamson County, Texas; THENCE, with the east line of the called 813.09 -acre tract, the east line of the herein described tract and the west line of said 312.08 -acre tract, the following eleven (11) courses: 1. S 21'17'37" E for a distance of 780.43 feet to an iron rod found for an angle point, 2. S 21'13'20" E for a distance of 394.53 feet to a 40d nail found for an angle point, 3. S 21°10'49" E for a distance of 197.91 feet to a 1/2 -inch rod with cap set for an angle point, 4. S 21'15'30" E for a distance of 187.17 feet to an iron rod for an angle point, 5. S 21°09'50" E for a distance of 563.78 feet to a 40d nail found for an angle point, 6. S 20°42'51" E for a distance of 834.39 feet to a 1/2 -inch iron rod with cap set for an angle point, 7. S 21'17'11" E for a distance of 1086.90 feet to an iron rod found for an angle point, 8. S 40°19'57" E for a distance of 94.58 feet to an iron rod found for an angle point, 9. S 46°39'28" E for a distance of 200.57 feet to an iron rod found for an angle point, 10. S 42'12'30" E for a distance of 225.05 feet to a 1/2 -inch iron rod with cap set for an angle point, and 11. S 23°33'03" E for a distance of 194.67 feet to a 1/2 -inch iron rod with cap set for the most northerly southeast corner of called 813.09 -acre tract, being also the most northerly northeast corner of the herein described tract, being also the southwest corner of said 312.08 -acre tract and being in the north line of that certain 274.53 -acre tract of land as described in a deed to The Rothell Family Limited Partnership of record in Volume 2527, Page 28 of the Official Records of Williamson County, Texas; THENCE, with a south line of called 813.09 -acre tract, a south line of the herein described tract and the north line of said 274.53 -acre tract, the following seven (7) courses: 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 3 of 27 FN 00-035-011-02 JANUARY 25, 2001 1. S 59°05'27" W for a distance of 15.42 feet to a 1/s -inch iron rod with cap set for an angle point, 2. S 86°01'57" W for a distance of 19.36 feet to a'/i-inch iron rod with cap set for an angle point, 3. S 54°30'57" W for a distance of 127.28 feet to a'/z-inch iron rod with cap set for an angle point, 4. S 66°10'57" W for a distance of 86.10 feet to an iron rod found for an angle point, 5. S 68'39'14" W for a distance of 602.93 feet to a 40d nail found in a tree for an angle point, 6. S 63°07'34" W for a distance of 79.90 feet to a r/z-inch iron rod with cap set for an angle point, and 7. S 6711'04" W for a distance of 170.98 feet to an iron rod found for an ell corner in the east line of called 813.09 -acre tract, being also an ell corner in the east line of the herein described tract and being the northwest corner of said 274.53 -acre tract; THENCE, with the east line of called 813.09 -acre tract, the east line of the herein described tract and the west line of said 274.53 -acre tract, the following four (4) courses: 1. S 10°57'43" E for a distance of 138.76 feet to an iron rod for an angle point, 2. S 19°50'45" E for a distance of 167.37 feet to an iron rod found for an angle point, 3. S 21'03'34" E for a distance of 4476.04 feet to a 40d nail found for an angle point, and 4. S 22'03'11" E for a distance of 603.46 feet to the POINT OF BEGINNING and containing 812.99 acres of land, SAVE AND EXCEPT A 287.81 ACRE TRACT DESCRIBED AS FOLLOWS: DESCRIPTION OF 287.81 ACRES, BEING A 19.35 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "A", A 26.34 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "B", A 27.41 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "C", A 42.94 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "D", A 62.36 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "E", A 73.80 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "F", A 32.63 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "G", AND A 2.98 -ACRE TRACT OF LAND, HEREIN CALLED TRACT "H", ALL SITUATED IN THE A. H. PORTER SURVEY, ABSTRACT NO, 490, BEING A PORTION OF THAT CERTAIN CALLED 813.09 -ACRE TRACT OF LAND AS DESCRIBED IN A DEED TO RESORT 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 4 of 27 FN 00-035-011-02 JANUARY 25, 2001 PROPERTIES, INC. OF RECORD IN VOLUME 2148, PAGE 318 OF THE OFFICIAL RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 19.35 -ACRE TRACT "A", 26.34 - ACRE, TRACT "B", 27.41 -ACRE TRACT "C", 42.94 -ACRE TRACT "D", 62.36 -ACRE TRACT "E51,73.80 -ACRE TRACT "F", 32.63 -ACRE TRACT "G", AND 2.98 -ACRE TRACT "H" BEING DESCRIBED BY METES AND BOUNDS AS FOLLOWS: TRACT "A" (DRIVING RANGE) COMMENCING at a 1/2 -inch iron rod found for the southwest corner of said 813.09 -acre tract, being also the southeast corner of that certain 8.881 -acre tract of land as described in a deed to GC&E Services, Inc. of record in Volume 2621, Page 136 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway No. 29, a 100 -foot wide right- of-way; THENCE, with the west line of said 813.09 -acre tract and the east line of said 8.881 -acre tract, the following two (2) courses: 1. N 22001'00"W, for a distance of 517.58 feet to a 60d nail found for an angle point, and 2. N 21014106" W, for a distance of 351.38 feet to a point being in the west line of said 813.09 -acre tract and being in the east line of that certain 8.725 -acre tract of land as described in a deed to William D. Richards, et ux, of record in Document No. 9630009 of the Deed Records of Williamson County, Texas; THENCE, N 68045'54" E, departing the east line of said 8.725 -acre tract and over and across said 813.09 -acre tract, for a distance of 65.84 feet to an iron rod with cap set for the POINT OF BEGINNING and the southwest corner of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the west, north, east and south lines of the herein described tract, the following fifteen (15) courses: 1. N 21'18'57" W for a distance of 1555.98 feet to an 1/2 -inch iron rod with cap set at the beginning of a curve to the right and being the northwest corner of the herein described tract, 2, along said curve to the right, an arc distance of 38.93 feet said curve having a radius of 25.00 feet, a central angle of 89° 13' 17" and a chord bearing of N 24° 04' 25" E for a chord distance of 35.12 feet to a 1/2 inch iron rod with cap set at the end of said curve, 3. N 69°27'44" E for a distance of 351.10 feet to a 1/2 -inch iron rod with cap set for the northeast corner of the herein described tract, 4. S 25°48'31" E for a distance of 1142.53 feet to a 1/2 -inch iron rod with cap set, 5. S 86°46'02" E for a distance of 255.00 feet to a 1/2 -inch iron rod with cap set, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 5 of 27 6. S 04°26'09" W for a distance of 182.05 feet to a 1/2 -inch iron rod with cap set, 7. S 85°33'57" E for a distance of 404.18 feet to a 1/2 -inch iron rod with cap set, 8. S 04°25'52" W for a distance of 143.26 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right and being the southeast corner of the herein described tract, 9. along said curve to the right, an arc distance of 23.64 feet, said curve having a radius of 15.00, a central angle of 90°17'47" and a chord bearing of S 49°34'46" W and a chord distance of 21.27 to a 1/2 -inch iron rod with cap set at the end of said curve, 10. N 85° 21' 25" W for a distance of 1.92 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the left, 11. along said curve to the left, an arc distance of 417.88 feet, said curve having a radius of 630.00 feet, a central angle of 38'00'17" and a chord bearing of S 75°43'31" W and a chord distance of 410.27 feet to a 1/2 -inch iron rod with cap set at a point of reverse curvature to the right, 12, along said curve to the right, an arc distance of 16.43 feet, said curve having a radius of 15.00, a central angle of 62°44'37" and a chord bearing of S 88°05'40" W, for a chord distance of 15.62 feet to a '/2 -inch iron rod with cap set at a point of reverse curvature to the left, 130 along said curve to the left, an arc distance of 15699 feet, said curve having a radius of 90.00 feet, a central angle of 99°5652" and a chord bearing of S 69°29'32" W, for a chord distance of 137.83 feet to a 1/2 -inch iron rod with ca set at the end of said curve, 14. N 70'29'12" W for a distance of 131.58 feet to a 1/2 -inch iron rod with cap set, and 15. S 68°46'05" W for a distance of 239.13 feet to the POINT OF BEGINNING and containing 19.35 acres of land, and TRACT `B" (GOLF COURSE HOLES 15 AND 16) BEGINNING at a 1/2 -inch iron rod found for the southeast corner of said 813.09 -acre tract, being also the southwest corner of that certain 37.995 -acre tract of land as described in a deed to H. H. Rothell of record in Volume 649, Page 607 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway 29, a 100 -foot wide right-of-way; THENCE, N 82026124" W, with the south line of said 813.09 -acre tract, and the north line of said State Highway 29 right-of-way, for a distance of 1269.10 feet to a point; 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 6 of 27 FN 00-035-011-02 JANUARY 25, 2001 THENCE, N 07033136" E, departing the north line of said State Highway 29 right-of-way and over and across said 813.09 -acre tract, for a distance of 78.82 feet to a ih-inch iron rod with cap set for the POINT OF BEGINNING and the southeast corner of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the south, west, north and east lines of the herein described tract, the following thirty (30) courses and distances: 1. N 82°26'41" W for a distance of 1081.02 feet to a 1/2 -inch iron rod with cap set for an angle point, 2. N 07°33'43" E for a distance of 121.27 feet to a 1/2 -inch iron rod with cap set for an angle point, 3. N 82'26'23" W for a distance of 280.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 4. S 07°33'32" W for a distance of 121.30 feet to a 1/2 -inch iron rod with cap set for an angle point, 5. N 82°26'42" W for a distance of 806.94 feet to a 1/2 -inch iron rod with cap set for an angle point, 6. N 24°47'57" W for a distance of 570.46 feet to a 1/2 -inch iron rod with cap set for an angle point, 7. N 70'04'35" E for a distance of 327.67 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 8, along said curve to the right, an arc distance of 89.73 feet, said curve having a radius of 670.00 feet, a central angle of 07°40'24" and a chord bearings of N 73°54'47" E for a chord distance of 89.66 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 9. S 09°53'49" E for a distance of 149.44 feet to a 1/2 -inch iron rod with cap set for an angle point, 10. N 80'06'18" E for a distance of 125.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 11. N 88025'37" E for a distance of 175.95 feet to a 1/2 -inch iron rod with cap set for an angle point, 12. S 45010130" E for a distance of 129.66 feet to a 1/2 -inch iron rod with cap set for an angle point, 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 7 of 27 FN 00-035-011-02 JANUARY 25, 2001 13. S 31°37'08" E for a distance of 65.23 feet to a'/2 -inch iron rod with cap set for an angle point, 14. S 39025105" E for a distance of 171.93 feet to a 1/2 -inch iron rod with cap set for an angle point, 15. S 72°20'04" E for a distance of 198.08 feet to a 1/2 -inch iron rod with cap set for an angle point, 16. N 76029149" E for distance of 132.89 feet to a 1/2 -inch iron rod with cap set for an angle point, 17. N 89°05'26" E for a distance of 126.02 feet to a 1/2 -inch iron rod with cap set for an angle point, 18. S 76'15'29" E for a distance of 13130 feet to a 1/2 -inch iron rod with cap set for an angle point, 19. S 88015'06" E for a distance of 509.71 feet to a 1/2 -inch iron rod with cap set for an angle point, 20. N 85°17152" E for a distance of 167.24 feet to a 1/2 -inch iron rod with cap set for an angle point, 21. N 75°03'59" E for a distance of 249.34 feet to a 1/2 -inch iron rod with cap set for an angle point, 22. N 11°24'56" E for a distance of 69.17 feet to a 1/2 -inch iron rod with cap set for an angle point, 23. S 78°35'06" E for a distance of 33.49 feet to a 1/2 inch iron rod with cap set in at the beginning of a curve to the left, 24, along said curve to the left, an arc distance of 138.44 feet, said curve having a radius of 325.00 feet, a central angle of 24'24'22" and a chord of which bears N 89'13'04" E for a chord distance of 137.40 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 25. N 77°00'45" E for a distance of 275.04 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the left, 26, along said curve to the left, an arc distance of 74.21 feet, said curve having a radius of 1025.00 feet, a central angle of 04°08'53" and a chord of which bears N 74°56'14" E for a chord distance of 74.19 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 8 of 27 FN 00-035-011-02 JANUARY 25, 2001 27. S 21°27'08" E for a distance of 71.31 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 28. along said curve to the right, an arc distance of 104.89 feet, said curve having a radius 75.00 feet, a central angle of 80°08'04" and a chord which bears S 18°36'54" W for a chord distance of 96.55 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 29. S 58040352" W for a distance of 784.69 feet to a'/z-inch iron rod with cap set for an angle point, and 30. S 38°41'52" E for a distance of 155.37 feet to the POINT OF BEGINNING and containing 26.34 acres of land, and TRACT "C" (GOLF COURSE HOLES 13 AND 14) COMMENCING at a 1/2 -inch iron rod found for the southeast corner of said 813.09 -acre tract, being also the southwest corner of that certain 37.995 -acre tract of land as described in a deed to H. H. Rothell of record in Volume 649, Page 607 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway 29, a 100 -foot wide right-of-way; THENCE, N 22003'11 " W, with the east line of said 813.09 -acre tract and the west line of said 37.995 -acre tract, for a distance of 603.46 feet to a 1/2 -inch iron rod found for an angle point; THENCE, N 21003135" W, continuing with the east line of said 813.09 -acre tract and the west line of said 37.995 -acre tract, for a distance of 570.06 feet to an angle point; THENCE, S 68056126" W, departing the west line of said 37.995 -acre tract and over and across said 813.09 -acre tract, for a distance of 162.10 feet to a 1/2 -inch iron rod with cap set at the POINT OF BEGINNING and being at the beginning of a curve to the left; THENCE, continuing over and across said 813.09 -acre tract, with the east, south, west and north lines of the herein described tract, for the following thirty-six (36) courses; 1. along said curve to the right, an arc distance of 23.56 feet, said curve having a radius of 15.00, a central angle of 89059'57" and a chord bearing of S 23°33'05" W, for a chord distance of 21.21 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 2. S 68°33'06" W for a distance of 25.86 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 3o along said curve to the right, an arc distance of 143.97 feet, said curve having a radius of 975.00 feet, a central angle of 08°27'37" and a chord bearing of S 72°46'55" W, for a chord distance of 143.84 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 9 of 27 FN 00-035-011-02 JANUARY 25, 2001 4. S 77°00'45" W for a distance of 211.58 feet to a lh-inch iron rod with cap set for an angle point, 5. N 12°58'46" W for a distance of 62.20 feet to a 1/2 -inch iron rod with cap set for an angle point, 6. N 67°32'27" W for a distance of 263.07 feet to a 1/2 -inch iron rod with cap set for an angle point, 7. N 86°05'42" W for a distance of 127.09 feet to a 1/2 -inch iron rod with cap set for an angle point, 8. S 85°26'53" W for a distance of 219.31 feet to a 1/2 -inch iron rod with cap set for an angle point, 9. N 62'21'05" W for a distance of 115.87 feet to a 1/2 -inch iron rod with cap set for an angle point, 10. N 51010123" W for a distance of 77.13 feet to a 1/2 -inch iron rod with cap set for an angle point, 11. N 06'37'14" E for a distance of 348.41 feet to a 1/2 -inch iron rod with cap set for an angle point, 12. N 56039'05" E for a distance of 151.22 feet to a 1/2 -inch iron road with cap set for an angle point, 13. N 15°11'58" W for a distance of 184.34 feet to a 1/2 -inch iron rod with cap set for an angle point, 14. N 78006156" W for a distance of 104.25 feet to a 1/2 -inch iron rod with cap set for an angle point, 15. S 81°54'09" W for a distance of 510.24 feet to a 1/2 -inch iron rod with cap set for an angle point, 16. N 82°52'50" W for a distance of 64.06 feet to a 1/2 -inch iron rod with cap set for an angle point, 17. N 56039'50" W for a distance of 125.25 feet to a 1/2 -inch iron rod with cap set for an angle point, 18. N 48025'35" W for a distance of 887.58 feet to a 1/2 -inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 10 of 10 19. N 21021550" E for a distance of 70.52 feet to a 1/2 -inch iron rod with set in a curve to the left, 20. along said curve to the left, an arc distance of 259.03 feet, said curve having a radius of 630.00 feet, a central angle of 23°33'29" and a chord bearing of S 82°50'44" E for a chord distance of 257.21 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 21. N 85°22'31" E for a distance of 217.52 feet to a 1/2 -inch iron rod with cap set for an angle point, 22. S 13°18'30" W for a distance of 131.72 feet to a'/z-inch iron rod with a cap set for an angle point, 23. S 64052'25" E for a distance of 410.44 feet to a 1/2 -inch iron rod with a cap set for an angle point, 24. N 85°18'51" E for a distance of 170.15 feet to a 1/2 -inch iron rod with a cap set for an angle point, 25. N 08°45'29" W for a distance of 200.63 feet to a 1/2 -inch iron rod with a cap set for an angle point, 26. N 81'14'28" E for a distance of 162.54 feet to a 1/2 -inch iron rod with a cap set at the beginning of a curve to the right, 27, along said curve to the right, an arc distance of 57.13, said curve having a radius of 300.00 feet to a central angle of 10°54'39" and a chord bearing of N 86°41'47" E for a chord distance of 57.04 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 28. S 87050'53"E for a distance of 174.24 feet to a'h-inch iron rod with cap set for an angle point, 29. S 02°09'08" W for a distance of 196.24 feet to a '/:z -inch iron rod with cap set for an angle point, 30. S 87051'01" E for a distance of 116.23 feet to a 1/2 -inch iron rod with cap set for an angle point, 31. S 31021152" E for a distance of 489.12 feet to a'/2 -inch iron rod with cap set for an angle point, 32. S 32006149" E for a distance of 326.54 feet to a 1/2 inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 11 of 27 33. S 66°54'54" E for a distance of 372.43 feet to a 1/2 -inch iron rod with cap set for an angle point, 34. N 23005'06" E for a distance of 108.68 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 35. along said curve to the right, an arc distance of 83.97, said curve having a radius of 275.00 feet, a central angle of 17'29'39" and a chord bearing of S 30'11'39" E, for a chord distance of 83.64 feet to a 1/2 -inch iron rod with a cap set at the end of said curve, and 36. S 21'26'53" E for a distance of 351.65 feet to the POINT OF BEGINNING and containing 27.41 acres of land, and TRACT "D" (GOLF COURSE HOLES 1 THROUGH 3) COMMENCING at a 1/2 -inch iron rod with cap found for the southeast corner of that certain 98.30 -acre tract of land as described in a deed to Milton Lee and Judy Marie Owen, Jr. of record in Volume 2208, Page 603 of the Deed Records of Williamson County, Texas and being an interior ell corner in the west line of said 813.09 -acre tract; THENCE, N 66°17'48" E, over and across said 813.09 -acre tract, for a distance of 579.26 feet to a 1/2 -inch iron rod with cap set at the POINT OF BEGINNING of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the west, north, east and south lines of the herein described tract, the following forty-three (43) courses: 1. N 06'14'02" W for a distance of 154.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 2. N 57°51'01" E for a distance of 295.43 feet to a 1/2 inch iron rod with cap set for an angle point, 3. S 13°13'09" E for a distance of 155.20 feet to a 1/2 inch iron rod with cap set for an angle point 4. N 78°30'56" E for a distance of 362.65 feet to a 1/2 -inch iron rod with cap set for an angle point, 5. N 16°05'54" W for a distance of 637.08 feet to a 1/2 -inch iron rod with cap set for an angle point, 6. N 12'20'55" W for a distance of 125.27 feet to a 1/2 -inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 12 of 27 7. N 08'28'14" E for a distance of 86.15 feet to a'/s-inch iron rod with cap set for an angle point, 8. N 62°03'55" W for a distance of 135.53 feet to a i/2 -inch iron rod with cap set in a curve to the left, 9. along said curve to the left, an arc distance of 174.67, said curve having a radius of 325.00 feet, a central angle of 30°47'38" and a chord bearing of N 52'21'16" E, for a chord distance of 172.58 feet to a 1/2 -inch iron road with cap set at the end of said curve, 10. S 74023'13" E for a distance of 305.87 feet to a i/2 -inch iron rod with cap set for an angle point, 11. S 34°01'22" E for a distance of 95.30 feet to a'/2 -inch iron rod with cap set for an angle point, 12. S 11°17'54" E for a distance of 111.24 feet to a 1/2 -inch iron rod with cap set for an angle point, 13. S 03031150" W for a distance of 750.02 feet to a'/2 -inch iron rod with cap set for an angle point, 14. S 37035113" W for a distance of 127.41 feet to a 1/2 -inch iron rod with cap set for an angle point, 15. S 14047'36" W for a distance of 234.60 feet to a i/2 -inch iron rod with cap set for an angle point, 16. S 47025'16" W for a distance of 123.45 feet to a'/2 -inch iron rod with cap set for an angle point, 17. S 37°06'50" W for a distance of 209.68 feet to a i/2 -inch iron rod with cap set for an angle point, 18. S 01 °58' 36" W for a distance of 446.54 feet to a i/2 -inch iron rod with cap set for an angle point, 19. S 44°17'49" W for a distance of 585.41 feet to a'/2 -inch iron rod with cap set for an angle point, 20. S 88010'07" W for a distance of 323.93 feet to a'/2 -inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 13 of 27 21. S 24°05'43" W for a distance of 531.85 feet to a 1/2 -inch iron rod with cap set for an angle point, 22. S 10°49'29" W for a distance of 670.76 feet to a ih-inch iron rod with cap set for an angle point, 23. S 36029' 10" E for a distance of 171.94 feet to a 1/2 -inch iron rod with cap set for an angle point, 24. S 41°12'37" E for a distance of 40.00 feet to a 1/s -inch iron rod with cap set for an angle point, 25. S 48045'34" W for a distance of 28.90 feet to a ih-inch iron rod with cap set at the beginning of a curve to the right, 26, along said curve to the right, an arc distance of 457.31 feet, said curve having a radius of 570.00 feet, a central angle of 45°58'05" and a chord bearing of S 71°44'36" W, for a chord distance of 445.14 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 27. N 85°15'52" W for a distance of 20.25 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 28, along said curve to the right, an arc distance of 23.48 feet, said curve having a radius of 15.00 feet, a central angle of 89042'13 11 and a chord bearing of N 40'25'14" W, for a chord distance of 21.16 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 29. N 04°25'52" E for a distance of 149.78 feet to a 1/2 -inch iron rod with cap set for an angle point, 30. S 85033159" E for a distance of 150.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 31. N 04'25'55" E for a distance of 250.01 feet to a 1/2 -inch iron rod with cap set for an angle point, 32. N 11006'31" W for a distance of 353.16 feet to a 1/2 -inch iron rod with cap set for an angle point, 33. N 66°37'44" W for a distance of 156.48 feet to a 1/2 -inch iron rod with cap set for an angle point, 34. N 22029'26" W for a distance of 108.00 feet to a 1/2 -inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 14 of 27 35. N 14°23'43" E for a distance of 105.23 feet to a 1/s -inch iron rod with cap set for an angle point, 36. N 34°37'37" E for a distance of 104.78 feet to a'/s-inch iron rod with cap set for an angle point, 37. N 43°23'34" E for a distance of 92.78 feet to a ih-inch iron rod with cap set for an angle point, 38. N 88012'33" E for a distance of 43.28 feet to a'/s-inch iron rod with cap set for an angle point, 39. N 24°05'54" E for a distance of 633.40 feet to a 1/z -inch iron rod with cap set for an angle point, 40. N 46022'35" E for a distance of 461.01 feet to a �h-inch iron rod with cap set for an angle point, 41. N 39c37'3 1 " E for a distance of 294.94 feet to a 1/z -inch iron rod with cap set for an angle point, 42. N 26°45'36" E for a distance of 307.47 feet to a i/2 -inch iron rod with cap set for an angle point, and 43. N 06'13'55" W for a distance of 157.16 feet to the POINT OF BEGINNING and containing 42.94 acres of land, and TRACT "E" (GOLF COURSE HOLES 9 THROUGH 12) COMMENCING at a ih-inch iron rod with cap found for the southwest corner of Lot 9 of D & N Builders Tract, an unrecorded subdivision, in Williamson County, Texas, being also the northwest corner of Lot 8 of said D & N Builders Tract, and being in the east line of said 813.09 - acre tract; THENCE, S 21017'11" E, with the east line of said 813.09 -acre tract and the west line of said Lot 8, for a distance of 88.58 feet to a '/z -inch iron rod with cap set at the POINT OF BEGINNING and northeast corner of the herein described tract; THENCE, continuing with the east line of said 813.09 -acre tract and the west line of said Lot 8, and with the east line of the herein described tract, the following three (3) courses: 1. S 21017311" E, for a distance of 998.32 feet to an iron rod found, 2. S 40019'57" E, for a distance of 94.58 feet to an iron rod found, and 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 15 of 27 FN 00-035-011-02 JANUARY 25, 2001 3. S 46°39'28" E, for a distance of 182.75 feet to a'/s-inch iron rod with cap set, THENCE, departing the west line of said Lot 8 and over and across said 813.09 -acre tract, with the east, south, west and north lines of the herein described tract, the following forty-four (44) courses: 1. S 68°06'03" W for a distance of 492.33 feet to a 1/2 -inch iron rod with cap set for an angle point, 2. S 00°30'05" W for a distance of 428.52 feet to a 1/2 -inch iron rod with cap set for an angle point, 3. S 68'38'17" W for a distance of 101.45 feet to a 1/2 -inch iron rod with cap set for an angle point, 4. S 63°09'07" W for a distance of 80.61 feet to a 1/2 -inch iron rod with cap set for an angle point, 5. S 67°10'46" W for a distance of 183.80 feet to a 1/2 -inch iron rod with cap set for an angle point, 6. S 37024'06" W for a distance of 100.86 feet to a 1/2 -inch iron rod with cap set for an angle point, 7. S 10'57'17" E for a distance of 125.44 feet to a 1/2 -inch iron rod with cap set for an angle point, 8. S 20'47'15" E for a distance of 600.26 feet to a lh-inch iron rod with cap set for an angle point, 9. S 86'59'35" W for a distance of 94.79 feet to a 1/2 -inch iron rod with cap set for an angle point, 10. S 03°36'04" E for a distance of 443.41 feet to a 1/2 -inch iron rod with cap set for an angle point, 11. S 27°57'52" W for a distance of 841.37 feet to a 1/2 -inch iron rod with cap set for an angle point, 12. S 49011102" W for a distance of 266.92 feet to a 1/2 -inch iron rod with cap set for an angle point, 13. S 31012'09" W for a distance of 416.63 feet to a 1/2 -inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 16 of 27 14. S 80'39'10" E for a distance of 185.82 feet to a 'h -inch iron rod with cap set at the beginning of a curve to the left, 15, along said curve to the left, an arc distance of 4.51 feet, said curve having a radius of 325.00 feet, a central angle of 00°47'43", and a chord bearing of S 08°56'53" W, for a chord distance of 4.51 feet to a'/z-inch iron rod with cap set at the end of said curve, 16. S 08033'01" W for a distance of 41.97 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the right, 17. along said curve to the right, and arc distance of 21.45 feet, said curve having a radius of 15.00 feet, a central angle of 81°55'55" and a chord bearing of S 49°30'59" W, for a chord distance of 19.67 feet to a 1/2 -inch iron rod with cap set at a point of reverse curve to the left, 18, along said curve to the left, an arc distance of 24.07 feet, said curve having a radius of 270.00 feet, a central angle of 05°06'25" and a chord bearing of S 87°55'43" W, for a chord distance of 24.06 feet to a i/2 -inch iron rod with cap set at the end of said curve, 19. S 85'22'31" W for a distance of 251.92 feet to a i/2 -inch iron rod with cap set at the beginning of a curve to the right, 20, along said curve to the right an arc distance of 399.53 feet, said curve having a radius of 580.00 feet, a central angle of 39°28'06" and a chord of which bears N 74°53'26" W for chord distance of 391.68 feet to a i/2 -inch iron rod with cap set at the end of said curve, 21. N 55009123" W for a distance of 121.06 feet to a i/2 -inch iron rod with cap set at the beginning of a curve to the right, 22, along said curve to the right, an arc distance of 37.36 feet, said curve having a radius of 25.00 feet, a central angle of 85'37'19" and a chord of which bears of N 12°20'43" W, for a chord distance of 33.98 feet to a i/2 -inch iron rod with cap set at a point of reverse curve to the left, 23. along said curve to the left, an arc distance of 187.54 feet, said curve having a radius of 630.00 feet, a central angle of 17°03'22" and a chord bearing of N 21'56'15" E, for a chord distance of 186.85 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 24. N 13°24'42" E for a distance of 202.92 feet to a'/2 -inch iron rod with cap set for an angle point, 25. S 76'35'13" E for a distance of 152.05 feet to a'/2 -inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 17 of 27 26. N 77°34'48" E for a distance of 134.69 feet to a'/s-inch iron rod with cap set for an angle point, 27. N 26042156" E for a distance of 577.95 feet to a 1/2 -inch iron rod with cap set for an angle point, 28. N 16°56'02" E for a distance of 557.94 feet to a 1/2 -inch iron rod with cap set for an angle point, 29. N 02°57'25" E for a distance of 1015.62 feet to a 1/2 -inch iron rod with cap set for an angle point, 30. N 05008'39" W for a distance of 378.98 feet to a 1/2 -inch iron rod with cap set for an angle point, 31. N 86°50'24" W for a distance of 140.96 feet to a 1/2 -inch iron rod with cap set for an angle point, 32. N 03009'40" E for a distance of 60.84 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 33, along said curve to the right, an arc distance of 325.03 feet, said curve having a radius of 520.00 feet, a central angle of 35°48'47" and a chord of which bears N 21°04'03" E for a chord distance of 319.76 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 34. N 38°58'27" E for a distance of 28.02 feet to a 1/2 -inch iron rod with cap set at the beginning a curve to the right, 35, along said curve to the right, an arc distance of 146.07 feet, said curve having a radius of 525.00 feet, a central angle of 15°56'29" and a chord of which bears N 46°56'41" E for a chord distance of 145.60 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 36. S 41013'41" E for a distance of 214.23 feet to a 1/2 -inch iron rod with cap set for an angle point, 37. N 80°09'38" E for a distance of 177.61 feet to a 1/2 -inch iron rod with cap set for an angle point, 38. N 54°08'29" E for a distance of 177.68 feet to a 1/2 -inch iron rod with cap set for an angle point, 39. N 23016'10" E for a distance of 175.11 feet to a 1/2 -inch iron rod with cap set for an angle point, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 18 of 27 40. N 23017'45" W for a distance of 794.20 feet to a 1/i -inch iron rod with cap set for an angle point, 41. N 59°08'58" W for a distance of 142.20 feet to a 1/z -inch iron rod with cap set for an angle point, 42. N 30°50'59" E for a distance of 239.79 feet to a lh-inch iron rod with cap set for an angle point, 43. S 45°3333" E for a distance of 318.15 feet to a 1/s -inch iron rod with cap set for an angle point, and 44. N 68°44'34" E for a distance of 171.59 feet to the POINT OF BEGINNING and containing 62.36 acres of land, and TRACT "F" (GOLF COURSE HOLES 4 THROUGH 8) COMMENCING at a iron rod found for the northwest corner of said 813.09 -acre tract, being also the northeast corner of that certain 121.21 -acre tract of land as described in a deed to John F. & Jeanette L. Griffin, III of record in Volume 2489, Page 651 of the Deed Records of Williamson County, Texas, and being in the south line of that certain 170.00 -acre tract of land as described in a deed to Stanley M. & Carol R. Jensen of record in Volume 2179, Page 519 of the Deed Records of Williamson County, Texas; THENCE, S 21011917" E, with the west line of said 813.09 -acre tract and the east line of said 121.21 -acre tract, for a distance of 623.58 feet to a point; THENCE, N 68048544" E, departing the west line of said 121.21 -acre tract and over and across said 813.09 -acre tract, for a distance of 75.91 feet to a 1/2 -inch iron rod with cap set at the POINT OF BEGINNING of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract, with the north, east, south and west lines of the herein described tract, the following seventy-nine (79) courses and distances; 1. N 70'28'14" E for a distance of 71.46 feet to a 1/z -inch iron rod with cap set, 2. N 35005'28" E for a distance of 142.88 feet to a 1/z -inch iron rod with cap set, 3. N 14'08'14" W for a distance of 181.94 feet to a 1/2 -inch iron rod with cap set, 4. N 35°20'02" E for a distance of 198.98 feet to a 1/2 -inch iron rod with cap set, 5. N 74°21'50" E for a distance of 420.70 feet to a 1/i -inch iron rod with cap set, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 19 of 27 6. N 68°29'53" E for a distance of 552.15 feet to a 1/z -inch iron rod with cap set, 7. N 47°48'35" E for a distance of 19099 feet to a 1/2 -inch iron rod with cap set, 8. N 69°56'30" E for a distance of 38.40 feet to a 1/2 -inch iron rod with cap set, 9. S 61°02'51" E for a distance of 64.84 feet to a'/z-inch iron rod with cap set, 10. N 76052'55" E for a distance of 1153.90 feet to a 1/2 -inch iron rod with cap set, 11. S 67°03'29" E for a distance of 221.86 feet to a 1/2 -inch iron rod with cap set, 12. S 33°03'36" E for a distance of 356.69 feet to a'/s-inch iron rod with cap set, 13. S 07°41'06" E for a distance of 89.96 feet to a 1/2 -inch iron rod with cap set, 14. S 44°38'30" E for a distance of 33.01 feet to a 1/2 -inch iron rod with cap set, 15. S 13°01'07" W for a distance of 67.80 feet to a 1/2 -inch iron rod with cap set, 16. S 57°46'51" W for a distance of 125.46 feet to a 1/2 -inch iron rod with cap set, 17. S 13°18'58" E for a distance of 907.91 feet to a 1/2 -inch iron rod with cap set, 18. S 67°19'56" E for a distance of 152.19 feet to a i/2 -inch iron rod with cap set, 19. N 68059157" E for a distance of 116.93 feet to a 1/2 -inch iron rod with cap set, 20. S 56'44'10" E for a distance of 81.94 feet to a 1/2 -inch iron rod with cap set, 21. S 27°34'51" E for a distance of 51.21 feet to a 1/2 -inch iron rod with cap set, 22. N 67°46'31" E for a distance of 160.41 feet to a 1/2 -inch iron rod with cap set in a curve to the right, 23. along said curve to the right, an arc distance of 159.37 feet, said curve having a radius of 375.00 feet, a central angle of 24°21'00" and a chord bearing of S 21'12'10" E, for a chord distance of 158.17 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 24. S 55047100" W for a distance of 243.74 feet to a 1/2 -inch iron rod with cap set, 25. S 01°00'34" W for a distance of 124.89 feet to a 1/2 -inch iron rod with cap set, 26. S59008'50" E for a distance of 127.83 feet to a 1/2 -inch iron rod with cap set, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 20 of 27 27. S 30°50'59" W for a distance of 174.27 feet to a 1/2 -inch iron rod with cap set, 28. N 59°08'56" W for a distance of 148.17 feet to a 1/2 -inch iron rod with cap set, 29. S 54023137" W for a distance of 164.97 feet to a'/z-inch iron rod with cap set, 30. S 72°01'42" W for a distance of 141.18 feet to a 1/2 -inch iron rod with cap set, 31. N 85°04'04" W for a distance of 125.03 feet to a'/2 -inch iron rod with cap set, 32. N 77017106" W for a distance of 324.31 feet to a'/2 -inch iron rod with cap set, 33. N 04°38'30" E for a distance of 230.53 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the left, 34, along said curve to the left, an arc distance of 114.67 feet, said curve having a radius of 625.00 feet, a central angle of 10°30'44" and a chord bearing of N 00°36'52" W, for a chord distance of 114.51 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 35. S 64°02'03" E for a distance of 85.80 feet to a %2 -inch iron rod with cap set, 36. S 71'25'10" E for a distance of 141.48 feet to a 1/2 -inch iron rod with cap set, 37. N 20°15'41" W for a distance of 726.12 feet to a'/2 -inch iron rod with cap set, 38. N 64°26'07" E for a distance of 160.10 feet to a 1/2 -inch iron rod with cap set, 39. N 00°54'53" E for a distance of 485.45 feet to a 1/2 -inch iron rod with cap set, 40. N 40°40'08" W for a distance of 351.87 feet to a 1/2 -inch iron rod with cap set, 41. N 82008'24" W for a distance of 195.97 feet to a 1/2 -inch iron rod with cap set, 42. N 87°09'24" W for a distance of 386.05 feet to a 1/i -inch iron rod with cap set, 43. S 57°16'01" W for a distance of 80.21 feet to a 1/2 -inch iron rod with cap set, 44. S 07°51'42" W for a distance of 153.79 feet to a 1/i -inch iron rod with cap set, 45. S 68°16'30" W for a distance of 669.29 feet to a 1/2 -inch iron rod with cap set, 46. S 87°38'08" W for a distance of 578.81 feet to a 1/z -inch iron rod with cap set, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 21 of 27 47. S 02°21'53" E for a distance of 435.42 feet to a 1/2 -inch iron rod with cap set, 48. S 60°06'22" E for a distance of 38.97 feet to a 1/2 -inch iron rod with cap set, 49. S 65'12'15" E for a distance of 352.67 feet to a'/2 -inch iron rod with cap set, 50. S 43°53'28" E for a distance of 91.31 feet to a'/s-inch iron rod with cap set, 51. S 11 045140" E for a distance of 41.95 feet to a lh inch iron rod with cap set, 52. S 04°00'03" E for a distance of 554.39 feet to a lh-inch iron rod with cap set, 53. S 55°22'22" E for a distance of 68.33 feet to a 1/z -inch iron rod with cap set, 54. S 72'00'15" E for a distance of 89.53 feet to a 1/2 -inch iron rod with cap set, 55. S 43'29'10" E for a distance of 971.52 feet to a 1/2 -inch iron rod with cap set, 56. S 32059'58" E for a distance of 732.61 feet to a 1/2 -inch iron rod with cap set, 57. S 55°08'28" E for a distance of 84.58 feet to a 1/2 -inch iron rod with cap set in a curve to the right, 58, along said curve to the right, an arc distance of 322.42 feet, said curve having a radius of 275000 feet, a central angle of 67°10'30" and a chord bearing of S 72°23'04" W, for a chord distance of 304.27 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 59. N 74°01'41" W for a distance of 7.82 feet to a 1/2 -inch iron rod with cap set, 60. N 15058132" E for a distance of 116.04 feet to a 1/2 inch iron rod with cap set, 61. N 49°54'46" W for a distance of 374.39 feet to a 1/2 -inch iron rod with cap set, 62. S 16°12'49" W for a distance of 262.05 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the right, 63, along said curve to the right, an arc distance of 132.12 feet, said curve having a radius of 375.00 feet, a central angle of 20'1 F 09" and a chord bearing of N 52'52'33" W, for a chord distance of 131.43 feet to a 1/2 -inch iron rod with cap set at the end of said curve, 64. N 42046'58" W for a distance of 120.26 feet to a 1/2 -inch iron rod with cap set, 65. N 47°13'04" E for a distance of 232.97 feet to a 1/2 -inch iron rod with cap set, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 22 of 27 66. N 51°53'20" W for a distance of 306.37 feet to a 1/24nch iron rod with cap set, 67. N 61 ° 11' 13" W for a distance of 511.94 feet to a 1/2 -inch iron rod with cap set, 68. N 38°03'04" W for a distance of 117.77 feet to a 1/2 -inch iron rod with cap set, 69. N 14056114" W for a distance of 572.55 feet to a 1/2 -inch iron rod with cap set, 70. N 73045'44" W for a distance of 305.35 feet to a'/z-inch iron rod with cap set, 71. N 21011158" W for a distance of 30.90 feet to a 1/2 -inch iron rod with cap set at the beginning of a curve to the left, 72, along said curve to the left, an arc distance of 33.10 feet, said curve having a radius of 420.00 feet, a central angle 04'30'55" and a chord bearing of N 23027'26" W, for a chord distance of 33.09 feet to a 1/2 -inch iron road with cap set at the end of said curve, 73. S 73°44'59" E for a distance of 189.67 feet to a lh-inch iron rod with cap set, 74. N 17°10'57" E for a distance of 46.30 feet to a lh-inch iron rod with cap set, 75. N 20°59'54" W for a distance of 244.07 feet to a lh-inch iron rod with cap set, 76. N 52'15'24" W for a distance of 381.90 feet to a 1/2 -inch iron rod with cap set, 77. S 46'23'19" W for a distance of 149.70 feet to a 1/2 -inch iron rod with cap set in a curve to the right, 78, along said curve to the right, an arc distance of 81.81 feet, said curve having a radius of 275.00 feet, a central angle 17°02'38" and a chord bearing of N 28°03'06" W, for a chord distance of 81.51 feet to a 1/2 inch iron rod set at the end of said curve, and 79. N 19°31'46" w for a distance of 391.11 feet to the POINT OF BEGINNING and containing 73.80 acres of land, and TRACT "G" (GOLF COURSE HOLES 17,18 AND CLUBHOUSE) COMMENCING at a 1/2 -inch iron rod found for the southeast corner of said 813.09 -acre tract, being also the southwest corner of that certain 37.995 -acre tract of land as described in a deed to H. H. Rothell of record in Volume 649, Page 607 of the Deed Records of Williamson County, Texas, and being in the northerly line of State Highway 29, a 100 -foot wide right-of-way; THENCE, N 82026'24" W, with the south line of said 813.09 -acre tract, and the north line of said State Highway 29 right-of-way, for a distance of 4300.70 feet to a point; 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 23 of 27 FN 00-035-011-02 JANUARY 25, 2001 THENCE, N 07033'36" E, departing the north line of said State Highway 29 right-of-way and over and across said 813.09 -acre tract for a distance of 443.10 feet to a 1/2 -inch iron rod with cap set for the POINT OF BEGINNING of the herein described tract; THENCE, continuing over and across said 813.09 -acre tract the following nineteen (19) courses: 1. N 81°23'38" W for a distance of 434.62 feet to a 1/2 inch iron rod set at the beginning of a curve to the right, 2, along said curve to the right, an arc distance of 681.91 feet, said curve having a radius of 650.00 feet, a central angle of 60'06'31" and a chord bearing of N 51'20'15" W for a chord distance of 651.07 feet to a 1/2 inch iron rod with cap set at a point of compound curve to the right, 3, along said curve to the right, an arc distance of 17.22 feet, said curve having a radius of 15.00 feet, a central angle of 65'46'17" and a chord bearing of N 11°36'09" E for a chord distance of 16.29 feet to a 1/2 inch iron rod with cap set at a point of reverse curve to the left, 4, along said curve to the left, an arc distance of 85.19 feet, said curve having a radius of 90.00 feet, a central angle of 54°14'03" and a chord bearing of N 17'22'16" E for a chord distance of 82.05 feet to a 1/2 inch iron rod with cap set at a point of reverse curve to the right, 5, along said curve to the right, an arc distance of 17.48 feet, said curve having a radius of 15.00 feet, a central angle of 66'46'16" and a chord bearing of N 23°38'22" E for a chord distance of 16.51 feet to a 1h inch iron rod with cap set at a point of compound curve to the right, 6, along said curve to the right, an arc distance of 375.08 feet, said curve having a radius of 570.00 feet, a central angle of 37°42'09" and a chord bearing of N 75°52'35" E for a chord distance of 368.35 feet to a 1/2 inch iron rod with cap set at the end of said curve, 7. S 85°16'21" E for a distance of 102.17 feet to a 1/2 inch iron rod with cap set a the beginning of a curve to the left, 8, along said curve to the left, an arc distance of 505.45 feet, said curve having a radius of 630.00 feet, a central angle of 45°58'05" and a chord bearing of N 71°44'36" E for a chord distance of 492.00 feet to a 1/2 inch iron rod with cap set at the end of said curve, 9. N 48°45'34" E for a distance of 4.14 feet to a 1/2 inch iron rod with cap set, 10. S 42028'54" E for a distance of 198.81 feet to a 1/2 inch iron rod with cap set, 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 24 of 27 11. N 47'32'15" E for a distance of 325.00 feet to a'/z inch iron rod with cap set, 12. S 86°51'40" E for a distance of 923.56 feet to a 1/2 inch iron rod with cap set, 13. S 31°31'23" E for a distance of 87.66 feet to a lh inch iron rod with cap set, 14. S 21014'43" W for a distance of 534.26 feet to a 1/2 inch iron rod with cap set in a curve to the left, 15, along said curve to the left, an arc distance of 87.02 feet, said curve having a radius of 440.00 feet, a central angle of I1°19'53" and a chord bearing of S 85°46'07" W for a chord distance of 86.88 feet to a 1/2 inch iron rod with cap set at the end of said curve, 16. S 80'06'10" W for a distance of 109.29 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the left, 17, along said curve to the left, an arc distance of 127.75 feet, said curve having a radius of 730.00 feet, a central angle of 10'01'35" and a chord bearing of S 75'05'23" W for a chord distance of 127.58 feet to a 1/2 inch iron rod with cap set at the end of said curve, 18. S 70004'35" W for a distance of 509.39 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the right, and 19, along said curve to the right, an arc distance of 383.41 feet, said curve having a radius of 770.00 feet, a central angle of 28°31'46" and a chord bearing of S 84°20'28" W for a chord distance of 379.46 feet to the POINT OF BEGINNING and containing 32.63 acres of land, and TRACT "H" (MAINTENANCE FACILITY) COMMENCING at a 1/2 -inch iron rod found for the southwest corner of said 813.09 -acre tract, being also the southeast corner of that certain 8.881 -acre tract of land as described in a deed to GC&E Services, Inc. of record in Volume 2621, Page 136 of the Deed Records of Williamson County, Texas, and being the northerly line of State Highway No. 29, a 100 -foot right-of-way; THENCE, with the west line of said 813.09 -acre tract and the east line of said 8.881 -acre tract, the following two (2) courses: 1. N 22001100" W, for a distance of 517.58 feet to a 60d nail found for an angle point, and 2. N 21014'06'7 W, for a distance of 1123.07 feet to a point being in the east line of said 813.09 -acre tract and being in the east line of that certain 12.564 -acre tract of land as described in a deed to Jewel Moye McWhorter of record in Volume 1893, Page 192 of the Deed Records of Williamson County, Texas; 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 25 of 27 FN 00-035-011-02 JANUARY 25,, 2001 THENCE, N 20041'21" W. with the west line of said 813.09 -acre tract and the east line of said 12.564 -acre tract, for a distance of 266.08 feet to an iron rod found for the northeast corner of said 12.564 -acre tract, being also an angle point in the west line of said 813.09 -acre tract and being the southeast corner of that certain 20.0 -acre tract of land as described in a deed to Mrs. Sam Goldenberg of record in Volume 1705, Page 793 of the Deed Records of Williamson County, Texas; THENCE, N 21012'27" W, continuing with the west line of said 813.09 acre tract and with the east line of said 20.0 -acre tract, for a distance of 618.25 feet to an angle point; THENCE, N 68047'33" E, departing the east line of said 20.0 -acre tract and over and across said 813.09 -acre tract, for a distance of 60.67 feet to a i/2 -inch iron rod with cap set at the POINT OF BEGINNING of the herein described tract; THENCE, N 21018'5711 W, continuing over and across said 813.09 -acre tract, with the west line of the herein described tract, for a distance of 350.37 feet to a i/2 -inch iron rod with cap set for the northwest corner of the herein described tract, being also in the north line of said 813.09 -acre tract and being in the south line of that certain 98.30 -acre tract of land as described in a deed to Milton Lee and Judy Marie Owen, Jr. of record in Volume 2208, Page 603 of the Deed Records of Williamson County, Texas; THENCE, N 69056'01" E, with the north line of the herein described tract, the north line of said 813.09 -acre tract and the south line of said 98.30 -acre tract, for a distance of 350.66 feet to a V2 - inch iron rod with cap found for the northeast corner of the herein described tract; THENCE, departing the south line of said 98.30 -acre tract and over and across said 813.09 -acre tract, with the east and south lines of the herein described tract, the following three (3) courses and distances: 1. S 20°32'08" E, for a distance of 372.46 feet to a i/2 -inch iron rod with cap set for the southeast corner of the herein described tract, 2. S 69°27'47" W for a distance of 320.53 feet to a 1/2 inch iron rod with cap set at the beginning of a curve to the right, and along said curve to the right, an arc distance of 39.61 feet, said curve having a radius of 25.00 feet, a central angle of 90°46'43" and a chord bearing of N 65°55'35" W for a chord distance of 35.60 feet to the POINT OF BEGINNING and containing 2.98 acres of land, for a combined total in all seven tract of 287.81 acres of land. FOR A REMAINING TOTAL OF 525.18 ACRES OF LAND Bearings are based on the Texas State Plane Coordinate System, Central Zone, NAD 1983 Convergence = 01021'27", 525.18 ACRES CIMARRON HILLS REALTOR TRACT Page 26 of 27 FN 00-035-011-02 JANUARY 25, 2001 THE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TRAVIS § That I, William D. Warrick, a Registered Professional Land Surveyor, do hereby certify that the above description is true and correct to the best of my knowledge and belief and that the property described herein was determined by a survey made on the ground during January 2001 under my direction and supervision. WITNESS MY HAND AND SEAL at Austin, Travis County, Texas this the ���>uday of jAt4U4Ry 20015 A.D. Vara Land Surveying fJ2i11ce:li� 01 �%�,y1�i 7035 F.M. 2244, Suite 200 William D. Warrick Austin, Texas 78746 Registered Professional Land Surveyor No. 4426 — State of Texas �e"ti O F j P�'•G�STER • Q. WAM D:•WARHI 4426 t; 2� 9 ofiESS\0•� ,•SURA. 525.18 ACRES FN 00-035-011-02 CIMARRON HILLS JANUARY 25, 2001 REALTOR TRACT Page 27 of 27 i ASSESSMENT/SERVICE PLAN Chapter 372 of the Local Government Code of the State of Texas, known as the "Public Improvement District Assessment Act" (the "Act"), authorizes and defines formation of a Public Improvement District within the State of Texas. By action taken by the City Council, on August 8, 2000, the City of Georgetown (the "City") passed Resolution No.200808-S which authorized the establishment of Cimarron Hills Public Improvement District (the "District"). In compliance with requirements outlined in various sections of the Act, the Assessment/Service Plan for the District is defined herein. Section 1. Improvements and Services to be Provided to the District. After analyzing the improvements authorized by the Act, the City, acting through the District, determined that the acquisition of the improvements set forth in Schedule I (the "Irnprovements") which are allowed by the Act should be provided within the District and will be of special benefit to the Classes of property described herein within the District. The services to be provided in the District (the "Services") currently consist of those necessary for the administration and operation of the District, including those of the City, the Paying Agent, Registrar, and Tnistee for the Bonds in annually collecting assessments and making payment on the Bonds. After completion of the Improvements from time to time and approval of the Improvements by the City, the City will operate and maintain the Improvements at its expense. Section 2. Assessment Plan. After analyzing the assessment methods allowed by the Act, the City has determined that allocating costs between four classes (Class A - Platted Lots with Certificates of Occupancy, Class B - Platted Lots, Class C - Unplatted Land and Class D - Golf Course and Club Facilities) due to the different uses within each class and to allocate costs to each Class based upon the ratio of the appraised values of the respective Classes to each other, based on the benefits of the Improvements, is fair and equitable and is the most reasonable means of allocating the costs of the services to be provided annually to the District ("Service Costs"), the costs of the Improvements including Bond financing costs and other costs directly or indirectly relating to the acquisition, construction, and financing of the Improvements ("Improvement Costs"). (Service Costs and Improvement Costs shall be referred to collectively as "Costs"), CimamnHillsPID: AssessmeniOrdimnce Section 3. Assessment Roll. The District is described as being those properties more specifically described in Schedule II. The classification of the properties within the four assessment classes may change from time to time depending upon the stage of development of the property. As a result, the Assessment Roll will be revised annually, as necessary, to reflect the individual properties and applicable assessment classes for the respective property as of January 1 of each year. Section 4. Annual Indebtedness. In accordance with Section 372.023 and 372.024 of the Act, the City, acting through the District, will issue no more than $17,500,000 Public Improvement District Special Assessment Revenue Bonds (the 'Bonds"), secured by liens on all of the revenue generated through assessments within the District. Section 5. Costs. In accordance with Sections 372.023 and 372.024 of the Act, the District will provide for the acquisition of the Improvements shown on Schedule I, from available cash and/or issuance of the Bonds from time to time in one or more series, in accordance with the Development Agreement concerning Cimarron Hills Public Improvement District, approved by the City Council. The total Costs to be assessed are estimated as follows: A) Total Improvement Costs Not to exceed $17,500,000* B) Bond Issuance Reserve Fund, Administrative and Related Financing Costs Not to exceed $ 2,072,469* C) Total Annual Service Costs (Assessed Annually) Estimated at $ 1,829,532* *Principal amount of bonds, see Schedule I for estimated Improvement Costs, plus interest. Section 6 Maintenance Costs of Improvements to be Paid by City. In accordance with the Act, all State and Federal laws regulating Home Rule Municipalities within the State of Texas and all laws and regulations of the City, the City will provide for the ongoing annual maintenance, operation, and repair of the Improvements from the date of receipt and acceptance of title to the Improvements. No fees or expenses related to the maintenance or repairs of the Improvements shall be due from or collected from property within the District other than those currently provided for under current City laws and regulations for any municipally -owned improvements. CimmonHillsPID: AssessmentOrdinance Section 7. Ownership of Improvements. In accordance with the Act, the City, acting by and through the District, intends to provide for the acquisition of those Improvements described in Schedule I, attached hereto. Upon completion of the Improvements, all such Improvements, including the land and the facilities and infrastructure thereon, shall be acquired by the City with proceeds of the Bonds and title to the land and Improvements shall vest in the City. Any real property conveyed to the City in connection with the Improvements shall not be assessed. Section 8. Levy of Assessments. There is hereby levied by the City the annual assessments for Improvement Costs as set forth in Schedule III attached hereto. The Assessment Roll may be revised annually to reflect the individual properties and applicable assessment classes, as provided in Section 3 of this Assessment/Services Plan. Any real property conveyed to the City in connection with the Improvements shall not be assessed. The first annual assessments for Improvement Costs shall be due and payable on or before January 31, 2002, and thereafter each annual assessment for Improvement Costs shall be payable on or before each January 31, thereafter until the Bonds or other obligations, including accrued interest, are paid in full. That if default be made in payment of any of the said sums hereby assessed against the property owners and their property, collection thereof, costs and attorney fees shall be enforced by suit in any Court having jurisdiction or by lien foreclosure or both, in the same manner that an ad valorem tax lien against real property may be enforced by a governing body, pursuant to Section 33.01 et seq. of the Texas Tax Code. Section 9. Prepayment of Assessments for Each Year. Pursuant to the provision of Section 372.018 (b) of the Act, an Improvement Assessment may be paid in whole or in part at any time by paying file unpaid amount of the Improvement assessment for Improvement Costs plus the interest accrued or penalties that have been imposed prior to the date of payment of the assessment. Prepayments must be made at a Class A Assessment Prepayment Rate as shown on Schedule III, attached hereto and incorporated herein. Section 10. Levy of Assessments to Pay Annual Service Costs of Administration and Operation of the District. As authorized by Section 372.003(14) of the Act, there is hereby levied each year the annual assessments for Service Costs, which shall remain in effect from year to year until all Bonds are finally paid or until the City adjusts the levy after a hearing and determination of benefits in any year pursuant to Section 372.015(d) of the Act. The first annual assessments for Service Costs shall be due and payable CimmTou illsPID: AssessmentOrdinmce on or before January 31, 2002, and each annual assessment for Service Costs shall be payable on or before January 31 thereafter until the Bonds or other obligations, including accrued interest, are paid in full. That if default be made in payment of any of the said sums hereby assessed against the property owners and their property, collection thereof, costs and attorney fees shall be enforced by suit in any Court having jurisdiction or by lien foreclosure or both, in the same manner that an ad valorem tax lien against real property may be enforced by a governing body, pursuant to Section 33.01 et seq. of the Texas Tax Code, Section 11. Interest and Penalties on Delinquent Assessments. A delinquent assessment will accrue interest at the rate of one percent (1%) for each month or portion of a month the assessment remains unpaid after it becomes delinquent. Additionally, a delinquent assessment shall incur the same penalties and interest as incurred for delinquent taxes, as stated in Section 33.01 et seq. of the Texas Tax Code. Section 12. Additional Penalty. If an assessment remains delinquent on July 1 in the year in which the assessment became delinquent, there shall be imposed an additional penalty to defray costs of collection if it is necessary for the City to contract with an attorney for the purposes of representing the City in the collection of the delinquent assessment. The additional penalty shall be fifteen percent (15%) of the delinquent assessment. Penalties shall not exceed the amount permitted by Section 33.07 of the Tax Code. Section 13. No Discounts or Split Payments. There will be no split payment of an assessment or discount for the early payment of an assessment. Section 14. Lien for Collection of Assessments. Assessments together with interest, penalties, and expense of collection and reasonable attorneys fees, as permitted by the Code shall be a first and prior lien against the property assessed, superior to all other liens and claims, except liens or claims for state, county, school district, or municipal ad valorem taxes, and shall be a personal liability of and charge against the owner of the property regardless of whether the owners are named. The lien for assessments thereof and penalties and interest is effective from the date of the Ordinance levying the Assessments until the assessment is paid, and shall be enforced by the City in the manner provided by the Texas Tax Code for collecting ad valorem taxes on real property. CimarronHiflsPID: AsmsmentOrdinmce Section 15. Applicability of Tax Code. To the extent not inconsistent with the Ordinance levying assessments (the "Assessment Ordinance"), and not inconsistent with Chapter 372 of the Code or the other laws governing public improvement districts, the provisions of the Texas Tax Code shall be applicable to the imposition and collection of Assessments by the City. Section 16 No Acceleration of Installments Failure to pay an assessment when due shall not accelerate the payment of the remaining installments of the assessment and such remaining installments (together with interest thereon) shall continue to be due and payable at the same time and in the same amount and manner as if such default had not occurred. Section 17. Lien Survives Foreclosure. Any sale of property for nonpayment of an assessment per annum shall be subject to the lien established for the remaining unpaid assessment against such property and such property may again be sold at a judicial foreclosure sale if the purchaser thereof fails to make timely payment of the nondelinquent assessment against such property as they become due and payable pursuant to the terms of the Assessment Ordinance and the ordinance authorizing the issuance of the Bonds. Section 18. Reassessments. Pursuant to Section 372.020, Texas Local Government Code, the City Council of Georgetown, Texas may make a reassessment of a parcel of land if (1) a court of competent jurisdiction sets aside an assessment against the parcel; (2) the City of Georgetown determines the original assessment was excessive; or (3) on the written advice of counsel, the City of Georgetown determines that the original assessment is invalid. CimanonHillsPID: AssessmentOrdinance Schedule I Cimarron Hills Public Improvement District Estimated Cost Summary* Water Quality/Detention Ponds $ 67500 Street and Bridge Improvements and Related Drainage 97440,000 Landscaping 55440,000 Water and Wastewater Improvements/Capacity I I MO,000 TOTAL ESTHVIATED COST SUMMARY $271445,000 *Does not include costs of issuances and reserve funds which will be funded, as necessary, as a part of each bond issue. All costs are estimates only and may be reallocated as determined by the PID, as necessary. Costs represent estimated total improvement costs. The amount of such total improvement costs to be financed by the PID will not exceed $17,500,000. Cim uonHillsPlD: AssessmentOrdinance CimarronH111sPID: AssessmentOrdinnnce Schedule If Initial Assessment Roll ASSESSMENT ROLL CIMARRON HILLS PUBLIC IMPROVEMENT (DISTRICT lcdc Block G Paloma Cimarron Hills, L.P. Class B $640.00 PROPERTY 22 OWNER ASSESSd SVT CLASS ASSESSMENT Cimarron Hills PUD, Class B $640.00 Lot 23 Paloma Cimarron Phase One, Section One L.P. Class B $640.00 Lot 24 Paloma Cabinet U, Slides 31-35 Hills, L.P. Class B $640.00 Lot 25 Plat Records, Wmson Cty Cimarron Hills, L.P. Class B $640.00 Lot 35.26 acres Paloma Cimarron Hills, L.P. Class B $640.00 Block A 27 Paloma Cimarron Hills, L.P. Class B Lot 1 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 2 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 3 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 4 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 5 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 6 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 7 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 8 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 9 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 10 Paloma Cimarron Hills, L.P. Class B $640,00 Lot 11 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 12 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 13 Paloma Cimarron Hills, L.P. Class B $640.00 Block D Paloma Cimarron Hills, L.P. Class B $640.00 Lot 14 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 15 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 16 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 17 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 18 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 19 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 20 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 21 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 30 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 31 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 32 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 33 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 34 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 35 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 36 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 37 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 38 Paloma Cimarron Hills, L.P. Class B $640.00 Block G Paloma Cimarron Hills, L.P. Class B $640.00 Lot 22 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 23 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 24 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 25 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 26 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 27 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 28 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 29 Paloma Cimarron Hills, L.P. Class B $640.00 Cimmaron Hills PUD, Phase One, Section Two Cabinet U, Slides 36-38 Plat Records, Wmson Cty 32.04 acres Block C Lot 62 Lot 63 Lot 64 Lot 65 Lot 66 Lot 67 Lot 68 Lot 69 Lot 70 Lot 71 Lot 72 Lot 74 Lot 75 Lot 76 Lot 77 Lot 78 Lot 79 Lot 80 Lot 81 Block D Lot 39 Lot 40 Lot 41 Lot 42 Lot 43 Lot 44 Lot 45 Lot 46 Lot 47 Lot 48 Lot 49 Lot 50 Lot 51 Lot 52 Cimarron Lot 53 Block Z Lot 54 Lot 55 Lot 56 Lot 57 Lot 58 Lot 59 Lot 60 Lot 61 L.P. Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Scott B. Duff Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Paloma Cimarron Hills, L.P. Class B $640.00 Cimmaron Hills PUD, Phase One, Section Three Cabinet U, Section 39-46 Plat Records, Wmson Cty 54.79 acres Block C Paloma Cimarron Hills, L.P. Class B $640.00 Lot 106 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 107 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 108 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 109 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 132 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 133 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 134 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 135 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 136 Paloma Cimarron Hills, L.P. Class B $640,00 Lot 137 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 138 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 139 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 140 Paloma Cimarron Hills, L.P. Class B $640.00 Block E Paloma Cimarron Hills, L.P. Class B $640.00 Lot 82 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 83 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 84 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 85 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 86 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 87 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 88 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 89 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 90 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 91 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 92 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 93 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 94 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 95 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 96 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 97 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 119 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 120 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 121 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 122 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 123 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 124 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 125 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 126 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 127 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 128 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 129 Paloma Cimarron Hills, L.P. Class B $640.00 $128,182.53 TOTAL ACRES 812.99 t Block K Lot 98 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 99 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 100 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 101 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 102 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 103 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 104 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 105 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 110 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 111 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 112 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 113 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 114 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 115 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 116 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 117 Paloma Cimarron Hills, L.P. Class B $640.00 Lot 118 Paloma Cimarron Hills, L.P. Class B $640.00 287.81 acres, as described in Ex. "A", attached hereto (Golf Course and Club Facilities) Cimarron Hills Country Club, L.P. Class D $14,269.62 237.37 acres, as described in Ex. "B", attached hereto being 525.18 acres, SAVE AND EXCEPT Cimmaron Hills PUD, Phase One, Sections One, Two, Three and Four Paloma Cimarron Hills, L.P. Class C $23,672.91 $128,182.53 TOTAL ACRES 812.99 w 0 w S U m 6) OtiM10 ' COV'a00 co "Cr 0) co O co co N O C N cv N C 'J j o 'V_ tp h 0) C7 O c*') N rV O N NI t[) N O v p' N N r r r m C 'm < or). Vi b 2) E ¢ E U of �umi[0 mm v amvm, ton OLoiQN Oaod V)< V N a) 1� CM O) ' CV Co m N of V; LnrZ Q) cf N 0) O ..- LL. < O NW Q Ooa to N o m r r r m U :3p to O a) to fA C Z 6L...N...r....r.� ca E N Q 00 m m m m W m m 00)1, V N O M co (D a) O Q N 6crr O) ' C7m E'O N (� V. Coo cq COO P ;; N a) V a) C� tt00 m q o ao T c0 co C U 'O ca O C 3 m N N O c co W a)a. N O r N r N E a�j N C O O O U fA H3 EU Oa) E.. U' O O N d'0m0 o • O N N N o') O \ C CT C'%:O C'7 00 �- t�NM ' ' ON N E ....*O. I O m ... O -0,00)M w CY) N O O N .. �O+CQ 0) V to O N r+ tt) 'i cc to O O T r O E CQ Cyd: lJ N M 0 C b} to L 'OLL 6M ff! Q Q Q Q U) O N ..... o N O N m m O O N m i N O p O O m _! _! Q Q =OI d �.2: QC�UD N a) cn Zj j '= C/� m N m m _ m m m m r O d acr ) mo l4 N N f6 CA to co COr) r N =p0 UUUU Nr 07 0 C �• CN• C y N ci O a m a) O c C a) m Q c m E m E a) a C O a d o Co y U E N o f j a aoi U 3 0 CL tm ai Ta amaC C -v CLm o m CD SO om 4 Co v:3 h m <C C co o c a) in m N «� E O O E m` co v Qand E m aU `c W(i (DO m c O O y > O 0> O p 0) ,.... m ca O Um 0.Z)mmOdo w¢ 0t- Z ¢ t- t - Cimarron Hills PID (City of Georgetown) Proforma Series 2005-2008 PID Assessment Revenue Bonds Aggregate Debt Service (NOTE. ASSESSMENTS CALCULATED TO GENERATE 150% OF TOTAL P + 1 ANNUALLY) TOTAL DEBT SERVICE Date Principal Interest Total P+I 9/30/2005 - - 9/30/2006 - 423,457.50 423,457.50 9/30/2007 175,000.00 5029853.89 677,853.89 9/30/2008 235,000.00 624,414.72 859,414.72 9/30/2009 305,000.00 7451627.22 13050,627.22 9/30/2010 375,000.00 662,275.00 1,037,275.00 9/30/2011 390,000.00 636,562.50 1,026,562.50 9/30/2012 420,000.00 609,825.00 11029,825.00 9/30/2013 455,000.00 581,025.00 10036,025.00 9/30/2014 480,000.00 549,825.00 11029,825.00 9/30/2015 510,000.00 516,912.50 1,026,912.50 9/30/2016 550,000.00 481,950.00 1,031,950.00 9/30/2017 585,000.00 444,237.50 11029,237.50 9/30/2018 630,000.00 404,125.00 11034,125.00 9/30/2019 675,000.00 360,925.00 1,035,925.00 9/30/2020 720,000.00 314,637.50 1,034,637.50 9/30/2021 770,000.00 265,262.50 11035,262.50 9/30/2022 355,000.00 212,450.00 567,450.00 9/30/2023 380,000.00 187,600.00 567,600.00 9/30/2024 405,000.00 161,000.00 566,000.00 9/30/2025 430,000.00 132,650.00 562,650.00 9/30/2026 460,000.00 1028550.00 562,550.00 9/30/2027 495,000.00 70,350.00 565,350.00 9/30/2028 335,000.00 35,700.00 370,700.00 9/30/2029 175,000.00 12,250.00 187,250.00 Total 10,310,000.00 9,038,465.83 19,348,465.83 PAR AMOUNTS OF SELECTED ISSUES 05 CHPID....................................................................................................................................................... 4,310.000.00 06 CHPID....................................................................................................................................................... 2,080,000.00 07 CHPID....................................................................................................................................................... 1,960,000.00 08 CHPID....................................................................................................................................................... 12960,000.00 TOTAL........................................................................................................................................................... 10,310,000.00 First Southwest Company File = Georgtwn.sf-Aggregate Public Finance 41312001 2:09 PM