HomeMy WebLinkAbout02.22.2017 - Economic Development Performance Agreement - Holt Texas, Ltd.STATE OF TEXAS §
§ ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT
COUNTY OF WILLIAMSON §
This Economic Development Performance Agreement ("Agreement") is made by and
between the Georgetown Economic Development Corporation, a Type A sales tax corporation
("GEDCO"), and Holt Texas, Ltd., a Texas limited partnership ("Company") (GEDCO and
Company each a "Party" and collectively the "Parties"), acting by and through their respective
authorized representatives.
WITNESSETH:
WHEREAS, Company is an authorized Caterpillar® heavy equipment and engine dealer
for 118 counties in South, Central, North and East Texas and sells, services and rents Cat heavy
equipment, trucks and trailers, engines and generators for construction, earthmoving, mining,
industrial, petroleum and agriculture; and
WHEREAS, Company owns or is under contract to purchase approximately 75 acres of
land located at 2101 Airport Road, Georgetown, Texas, described in Exhibit "A" (the "Land"),
and intends to construct a minimum of 60,000 square feet of commercial development on the Land
for the retail sale of heavy equipment (the "Improvements") (collectively the "Land" and
"Improvements" referred to as the "Premises"); and
WHEREAS, Company intends to invest approximately Twenty Million Dollars
($20,000,000.00) in land, infrastructure, real property improvements, and business personal
property at the Premises; and
WHEREAS, Company has advised GEDCO that a contributing factor that would induce
Company to purchase the Land and construct the Improvements would be an agreement by
GEDCO to provide an economic development grant to Company to offset the costs for
Infrastructure (hereinafter defined) necessary the Project; and
WHEREAS, GEDCO has adopted programs for promoting economic development; and
WHEREAS, the Development Corporation Act, Chapter 501-505 of the Texas Local
Government Code (the "Act") authorizes the GEDCO to provide economic development grants
for the creation and retention of primary jobs that are required for the development of
manufacturing and industrial facilities and for infrastructure suitable for new or expanded
industrial business enterprises; and
WHEREAS, GEDCO has determined that the Grant (hereinafter defined) to be made
hereunder is required or suitable to promote corporate relocation or develop new or expanded
business enterprises and constitutes a "project", as that term is defined in the Act; and
Page 1 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
WHEREAS, GEDCO has determined that making an economic development grant to the
Company in accordance with this Agreement will further the objectives of the GEDCO, will
benefit the City and the City's inhabitants and will promote local economic development and
stimulate business and commercial activity in the City.
NOW THEREFORE, in consideration of the foregoing, and other consideration the
receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
Article I
Definitions
Wherever used in this Agreement, the following terms shall have the meanings ascribed to
them:
"Airport Road Expansion" shall mean the expansion of Airport Road adjacent to the
Premises in accordance with plans approved by the City.
"Bankruptcy or Insolvency" shall mean the dissolution or termination of Company's
existence, insolvency, employment of receiver for any part of Company's property and such
appointment is not terminated within ninety (90) days after such appointment is initially made, any
general assignment for the benefit of creditors or the commencement of any proceedings under
any bankruptcy or insolvency laws by or against Company and such proceedings are not dismissed
within ninety (90) days after the filing thereof.
"Capital Investment" shall mean the total capitalized cost incurred and paid (including hard
and soft costs) by Company for the acquisition of the Land, the construction of the Improvements
and tangible personal property added to the Premises.
"City" shall mean City of Georgetown, Texas.
"Commencement Date" shall mean the date a certificate of occupancy is issued for the
occupancy of the Improvements by the Company.
"Commencement of Construction" shall mean that: (i) the plans have been prepared and
all approvals thereof required by applicable governmental authorities have been obtained for
construction of the Improvements or the Infrastructure, as the case may be; (ii) all necessary
permits for the construction of the Improvements or the Infrastructure, as the case may be, pursuant
to the respective plans therefore have been issued by all the applicable governmental authorities;
and (iii) clearing and/or grading of the Land and the construction of the vertical elements of the
Improvements has commenced, or in the case of the Infrastructure, clearing and/or grading of the
Land has commenced.
"Company" shall mean Holt Texas, Ltd. a Texas limited partnership.
Page 2 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
"Company Affiliate" means any entity related to the Company by direct or indirect
common or overlapping majority ownership, where collectively the Company and Company
Affiliate are a group of entities in which a single parent entity owns directly or indirectly a majority
interest in each other entity that is part of the group.
"Completion of Construction" shall mean that: (i) substantial completion of the
Improvements or the Infrastructure, as the case may be, has occurred; and (ii) the City has issued
a certificate of occupancy for occupancy of the Improvements by Company, or in the case of the
Infrastructure, City has conducted the final inspection.
"Effective Date" shall mean the last date of execution hereof.
"Expiration Date" shall mean the date the Parties have satisfied their respective obligations
herein.
"Force Majeure" shall mean any contingency or cause beyond the reasonable control of a
Party including, without limitation, acts of God or the public enemy, war terrorist act, or threat
thereof, riot, civil commotion, insurrection, government action or inaction (unless caused by the
intentionally wrongful acts or omissions of the Party), fires, earthquake, volcanic eruption, impact
of meteor or extraterrestrial body, tidal or wave event such as a tsunami, meteorological event
including but not limited to tornado, hurricane, explosions, floods, strikes, slowdowns or work
stoppages, plague or other epidemiological event.
"GEDCO" shall mean the Georgetown Economic Development Corporation.
"Grant" shall mean an economic development grant in an amount equal to the actual costs
paid and incurred by the Company for the design, construction and installation of the
Infrastructure, not to exceed One Hundred Eighty -Five Thousand Dollars ($185,000.00), to be
paid as set forth herein.
"Impositions" shall mean all taxes, assessments, use and occupancy taxes, charges, excises,
license, and permit fees, and other charges by public or governmental authority, general and
special, ordinary and extraordinary, foreseen and unforeseen, which are or may be assessed,
charged, levied, or imposed by any public or governmental authority on Company with respect to
any property or any business owned by Company and/or Company Affiliate within City.
"Improvements" shall mean a minimum of 60,000 square feet of buildings to be
constructed on the Land, together with other ancillary facilities such as required parking and
landscaping more fully described in the submittals filed with City, from time to time, in order to
obtain a building permit(s).
"Infrastructure" shall mean the onsite connection of the City sewer line following the
Sewer Line Extension to the Premises.
"Land" shall mean the real property described in Exhibit "A".
Page 3 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
"Payment Request" shall mean a written request from Company to GEDCO for payment
of the Grant accompanied by copies of invoices, bills, receipts and such other information, as may
reasonably be requested by the GEDCO evidencing the costs incurred and paid by the Company
for Infrastructure, and evidencing the Capital Investment.
"Premises" shall collectively mean the Land and Improvements.
"Related Agreement" shall mean any agreement (other than this Agreement) by and
between the City and/or Georgetown Economic Development Corporation, and the Company
and/or a Company Affiliate.
"Required Use" shall mean the continuous use and operation of the Premises for the retail
sale of Cat heavy equipment, trucks and trailers, engines and generators for construction,
earthmoving, mining, industrial, petroleum and agriculture
"Sewer Extension" shall mean the extension of the existing sewer line facilities along
Interstate Highway from the existing Pecan Branch interceptor north to Premises in accordance
with plans approved by the City.
Article II
Term
The term of this Agreement shall begin on the Effective Date and continue until the
Expiration Date, unless sooner terminated as provided herein.
Article III
Economic Development Grant
3.1 Grant. Subject to the obligation of Company to repay the Grant pursuant to Section
5.2 herein, and the continued satisfaction of all the terms and conditions of this Agreement by
Company, GEDCO agrees to provide the Grant to Company to be paid within thirty (30) days after
receipt of the Payment Request following Completion of Construction of the Infrastructure.
3.2 Current Revenue. The Grant made hereunder shall be paid solely from lawful
available funds, which have been appropriated by GEDCO. Under no circumstances shall the
obligations of GEDCO hereunder be deemed to create any debt within the meaning of any
constitutional or statutory provision. Consequently, notwithstanding any other provision of this
Agreement, GEDCO shall have no obligation or liability to pay the Grant except as allowed by
law.
3.3 Grant Limitations. GEDCO shall not be obligated to pay any commercial bank,
lender or similar institution for any loan or credit agreement made by Company. None of the
obligations of GEDCO under this Agreement shall be pledged or otherwise encumbered in favor
of any commercial lender and/or similar financial institution.
Page 4 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
3.4 City Infrastructure Projects. City, pursuant to that certain economic development
agreement by and between the City and Company of approximate date herewith has agreed ("City
Economic Development Agreement"), has agreed, subject to events of Force Majeure, to expedite
the completion of the Airport Road Expansion to occur on or before twenty-four (24) months after
the date of Commencement of Construction of the Improvements; and City intends, subject to the
availability of funding and events of Force Majeure, to expedite the completion of the Sewer
Extension.
Article IV
Conditions to Economic Development Grant
The obligation of GEDCO to pay the Grant to Company shall be conditioned upon the
compliance and satisfaction by Company of the terms and conditions of this Agreement and each
of the conditions set forth in this Article.
4.1 Good Standing. As a condition of the payment of the Grant, Company shall not
have an uncured breach or default of this Agreement or a Related Agreement.
4.2 Payment Request. Company shall, as a condition precedent to the payment of the
applicable Grant, timely provide City with the applicable Payment Request.
4.3 Planned Unit Development. Company shall have obtained the necessary approval
of zoning for the Premises for a Planned Unit Development (PUD) to ensure the design and
development standards of the City and the needs of Company are achieved for the Premises.
4.4 Project Construction. Company shall, subject to events of Force Majeure, cause
Completion of Construction of the Improvements to occur on or before December 31, 2018.
4.5 Required Use. During the term of this Agreement, following the Commencement
Date and continuing thereafter until the Expiration Date, the Improvements shall not be used for
any purpose other than the Required Use, and the operation and occupancy of the Improvements
in conformance with the Required Use shall not cease for more than thirty (30) days, except in
connection with and to the extent of an event of Force Majeure.
4.6 Continuous Occupancy. During the term of this Agreement, following the
Commencement Date and continuing thereafter until the Expiration Date, the Company shall
continuously own and occupy the Premises.
4.7 Capital Investment. The Capital Investment shall be at least Twenty Million
Dollars ($20,000,000.00) as of the Commencement Date. Company shall within thirty (30) days
after the Commencement Date provide City with copies of receipts and other records evidencing
the required Capital Investment and such other records as the GEDCO may reasonably request.
Page 5 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
Article V
Termination
5.1 This Agreement shall terminate upon any one of the following:
(a) by written agreement of the Parties;
(b) Expiration Date;
(c) upon written notice by either Party in the event the other Party breaches any
of the terms or conditions of this Agreement or a Related Agreement and
such breach is not cured within sixty (60) days after written notice thereof,
(d) upon written notice by GEDCO, if Company suffers an event of Bankruptcy
or insolvency;
(e) upon written notice by GEDCO, if any Impositions owed to City or the State
of Texas by Company shall become delinquent after sixty (60) days written
notice is delivered pursuant to this Agreement (provided, however
Company retains the right to timely and properly protest and contest any
such Impositions); and
(f) upon written notice by either Party, if any subsequent Federal or State
legislation or any decision of a court of competent jurisdiction declares or
renders this Agreement invalid, illegal or unenforceable.
5.2 In the event the Agreement is terminated by GEDCO pursuant to Section 5.1(c),
(d), (e), or (f), Company shall immediately repay to GEDCO an amount equal to the Grant
previously paid by GEDCO to Company as of the date of termination, plus interest at the rate
periodically announced by the Wall Street Journal as the prime or base commercial lending rate,
or if the Wall Street Journal shall ever cease to exist or cease to announce a prime or base lending
rate, then at the annual rate of interest from time to time announced by Citibank, N.A. (or by any
other New York money center bank selected by GEDCO) as its prime or base commercial lending
rate, which shall accrue from the date of the Grant payment until paid.
5.3 Offsets. GEDCO may, at its option, offset any amounts due and payable under this
Agreement against any debt (including taxes) lawfully due to GEDCO and/or City from Company,
regardless of whether the amount due arises pursuant to the terms of this Agreement, a Related
Agreement or otherwise, and regardless of whether or not the debt due GEDCO and/or City has
been reduced to judgment by a court.
Article VI
Miscellaneous
6.1 Binding Agreement; Assi nment. This Agreement shall be binding upon and inure
to the benefit of the heirs, successors, affiliates, administrators, executors, and permitted assigns
of the respective Parties. This Agreement may not be assigned without the prior written consent
of GEDCO.
6.2 Limitation on Liability. It is acknowledged and agreed by the Parties that the terms
hereof are not intended to and shall not be deemed to create a partnership or joint venture among
Page 6 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
the Parties. It is understood and agreed between the Parties that Company, in satisfying the
conditions of this Agreement, has acted independently, and GEDCO assumes no responsibilities
or liabilities to third parties in connection with these actions. Company agrees to indemnify and
hold harmless GEDCO from all such claims, suits, and causes of actions, liabilities and expenses,
including reasonable attorney's fees, of any nature whatsoever arising out of the Company's
performance of the conditions under this Agreement.
6.3 Authorization. Each Party represents that it has full capacity and authority to grant
all rights and assume all obligations that are granted and assumed under this Agreement. The
undersigned officers and/or agents of the Parties hereto are the properly authorized officials and
have the necessary authority to execute this Agreement on behalf of the Parties hereto.
6.4 Notice. Any notice required or permitted to be delivered hereunder shall be deemed
received three (3) days thereafter sent by United States Mail, postage prepaid, certified mail, return
receipt requested, addressed to the Party at the address set forth below or on the day actually
received as sent by courier or otherwise hand delivered.
If intended for GEDCO, to
President
Georgetown Economic Development
Corporation
City of Georgetown
113 E. Eighth Street
Georgetown, Texas 78626
If intended for Company, to:
Attn: Tony Shedrock
Vice President General Services
Holt Caterpillar
1956 So. W. W. White Road
San Antonio, Texas 78222
With a copy to:
City Attorney
City of Georgetown
113 E. Eighth Street
Georgetown, Texas 78626
With a copy to:
Michael Puryear
General Counsel
Holt Companies
5665 SE Loop 410
San Antonio, TX 78222
6.5 Entire Agreement. This Agreement is the entire Agreement between the Parties
with respect to the subject matter covered in this Agreement. There is no other collateral oral or
written Agreement between the Parties that in any manner relates to the subject matter of this
Agreement, except as provided in any Exhibits attached hereto.
6.6 Governing Law. This Agreement shall be governed by the laws of the State of
Texas, and venue for any action concerning this Agreement shall be in the State District Court of
Williamson County, Texas. The Parties agree to submit to the personal and subject matter
jurisdiction of said Court.
Page 7 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
6.7 Amendment. This Agreement may be amended by the mutual written agreement
of the Parties.
6.8 Legal Construction. In the event any one or more of the provisions contained in
this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect,
such invalidity, illegality, or unenforceability shall not affect other provisions, and it is the
intention of the Parties to this Agreement that in lieu of each provision that is found to be illegal,
invalid, or unenforceable, a provision be added to this Agreement which is legal, valid and
enforceable and is as similar in terms as possible to the provision found to be illegal, invalid or
unenforceable.
6.9 Recitals. The recitals to this Agreement are incorporated herein.
6.10 Counterparts. This Agreement may be executed in counterparts. Each of the
counterparts shall be deemed an original instrument, but all of the counterparts shall constitute one
and the same instrument.
6.11 Exhibits. Any exhibits to this Agreement are incorporated herein by reference for
the purposes wherever reference is made to the same.
6.12 Survival of Covenants. Any of the representations, warranties, covenants, and
obligations of the Parties, as well as any rights and benefits of the Parties, pertaining to a period
of time following the termination of this Agreement shall survive termination.
6.13 Employment of Undocumented Workers. During the term of this Agreement
Company agrees not to knowingly employ any undocumented workers and, if convicted of a violation
under 8 U.S.C. Section 1324a (f), Company shall repay the amount of the Grant and any other funds
received by Company from the GEDCO as of the date of such violation within 120 days after the date
Company is notified by the GEDCO of such violation, plus interest at the rate of 4% compounded
annually from the date of violation until paid. Company is not liable for a violation of this section by
a subsidiary, affiliate, or franchisee of Company or by a person with whom Company contracts.
6.14 Conditions Precedent. This Agreement is expressly subject to and the obligations
of the Parties are conditioned on the Company closing its purchase of the Land on or before June
30, 2017.
[Signature Page to Follow]
Page 8 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
S�
EXECUTED on this day of 76 AJ" , 2016.
GEORGETOWN ECONOMIC
DEVELOPMENT CORPORATION
By:
Hugh Brown, President
EXECUTED on this Z t'' day of ro h r 6C t /W - , 2017 uP
HOLT TEXAS, LTD.
By: C1
Ton Shedrock
Vice President General Services
Page 9 Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
EXHIBIT "A"
STATE OF TEXAS KENNETH GARRETT, ET UX
COUNTY OF WILLIAMSON 75.330 ACRES
All that certain tract or Marcel of land containing 75.330 acres
situated in the David Wright League, A-13, in Williamson County,
Texas, also being within the Corporate Limits of the City of
Georgetown, and being that same tract described in a deed from
Nan Evans, Independent Administratrix of the Estate of Albert
Evans, Jr., to Nan Evans dated June 25, 2002 and recorded in
Document No. 2002050652 of the Williamson County Official Public
Records, said tract having been originally described as 84.34
acres in a Contract of Sale and Purchase from the Veterans Land
Hoard of Texas to Albert Evans, Jr. dated February 2, 1962 and
recorded in Volume 449, Page 140 0£ the Deed Records of
Williamson County, LESS 7.12 acres described in a deed from
Carolyn Garrett, et vir, to Patrick Elliott Properties, Ltd.
dated December, 17, 2014 and recorded in Document No. 2014100666
of the Williamson County Official Public Records, and LESS 3.926
acres described in a deed from Albert Evans, Jr. to the State of.
Texas dated September 1, 1962 and recorded in Volume 454, Pg.
610 of the Deed Records of Williamson County, said 75.330 acre
tract being more particularly described by metes and bounds as
follows:
Beginning at a 1/2" iron rod found at the intersection of the
South line of said (original) 84.34 acre Evans tract with the
curving West right-of-way line of Interstate Highway 35
(variable width right-of-way) for the Southwest corner of said
3.926 acre State of Texas tract (Vol. 454, Pg. 610 W.C.D.R.),
the Northeast corner of the (called -original) 31.88 acre
Georgetown Griffin Family LP tract (Document No. 2007093828 and
Document No. 2005073627 W.C.O.P.R.), the Southeast corner of the
tract herein described and the BLACK or ktWnWIM, said point
having a coordinate value of North = 10,220,739.19 feet and East
= 3,136,187.93 feet according to the Texas State Plane
Coordinate System - Central Zone - NAD 83{2011), from which a
TXDOT concrete monument found at the P.C.C. of said curve bears
South 25 degrees 01 minutes 58 seconds West, 691.29 feet
(Chord);
Page 10 Exhibit "A" to Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
EXHIBIT "A"
KENNETH GARRETT, ET DX
75.330 ACRES
PAGE 2 OF 4
Thence South 68 degrees 11 minutes 54 seconds West, departing
said Interstate Highway 35 right-of-way, along the common line
between said Evans tract and said Georgetown Griffin Family
tract, at 1,509.31. feet passing a 1/2" iron rod found for the
Southeast corner of a (called) 2.615 acre L.C.R.A. easement
tract (Document No. 9801580 W.C.O.P.R.), at 1,618.69 feet
passing a 1/2" iron rod found for the Southwest corner of said
L.C.R.A. easement tract, and continuing or a total distance of
1,641.47 feet to a 1/2" iron rod sot for the Northwest corner of
said Georgetown Griffin Family tract and the Northeast corner of
the (called -original) 37.21 acre George Goethe tract (Document
No. 2004018911 W.C.O.P.R.), from which a 1/2" iron rod found
(not an original monument) bears South 18 degrees 13 minutes 41
seconds West, 2.67 feet•;
Thence South 67 degrees 57 minutes 12 seconds West, 994,24 feet
to a 1/2" iron rod found in the fenced East margin of "Airport
Road" (City maintained public roadway - no record right-of-way
width) for the Northwest corner of said Goethe tract, the
Southwest corner of said (original) 84.34 acre Evans tract and
the Southwest corner of the tract herein described;
Thence North 23 degrees 15 minutes 51 seconds West, 563.97 feet
along said fenced East margin of "Airport Road" and the West
line of said Evans tract to a 1/2" iron rod found for an angle
point;
Thence North 26 degrees 40 minutes 09 seconds West, 504.49 feet
along said East road margin to a 1/2" iron rod found for the
Southwest corner of said (called) 7.12 acre Patrick Elliott
Properties tract and the Northwest corner of the tract herein
described;
Thence North 68 degrees 45 minutes 24 seconds last, departing
said "Airport Road", 699.98 feet to a 1/2" iron rod found for an
inside corner of said (original) 84.34 acre Evans tract, the
Southeast corner of said 7.12 acre Elliott Properties tract and
the Southwest corner of the (called) 10.56 acre Marbert Moore
tract (Vol. 1675, Pg. 49 W.C.O.P.R,);
Thence North 69 degrees 00 minutes 20 seconds Nast, 436,47 feet
along the North line of said (original) 84.34 acre Evans tract
to a 1/2" iron rod found for the Southeast corner of said 10.56
acre Moore tract and the Southwest corner of the residual of an
original 55.88 acre Marbert Moore LP tract (Document No.
2003016058 W.C.O.P.R.);
Thence North 68 degrees 38 minutes 57 seconds East, along the
North line of said (original) 84.34 acre Evans tract, at 908.35
feet passing a 1/2" iron rod found for the Northwest corner of
said (called) 2.615 acre L.C.R.A. easement tract, at 1,017.01
feet passing a 1/2" iron rod found for the Northeast corner of
said L.C.R.A. easement tract, at 1,684.33 feet passing a 1/2"
iron rod found for the Southeast corner of said 55.88 acre Moore
Page 11 Exhibit "A" to Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)
EXHIBIT "A"
KENNETH CARRETT, ET €7X
75.330 ACRES
PAGE, 3 OF 4
LP tract and the Southwest corner of the (called) 4.82 acre
Marbert Moore LP tract (Document No. 2003016058 W.C.O.P.R.), and
continuing for a total distance of 2,474.85 feet to a point in
the West right-of-way line of Interstate Highway 35 for the
Southeast corner of said (called) 4.82 acre Moore LP tract, the
Northwest corner of said 3.926 acre State of Texas tract and the
Northeast corner of the tract herein described, from which a
TXDOT concrete monument found at an angle point in said Fest
right-of-way line bears North 17 degrees 29 minutes 20 seconds
East, 550.67 feet and a 1/2" iron pipe found bears North 68
degrees 38 minutes 57 seconds East, 0.21 feet;
Thence South 17 degrees 29 minutes 20 seconds West, 223.95 feet
along said West right-of-way line of Interstate Highway 35 to a
1/2" iron rod set for the P.C. of a curve to the right, from
which a 1/2" iron rod found bears South 09 degrees 06 minutes 50
seconds 'nest, 2.53 .feet;
Thence Southerly, along said West right-of-way line of
Interstate Highway 35 with a curve to the right (curve Data:
Radius m 11,409.16 feet; Delta - 05 degrees 48 minutes 28
seconds Rt.; chord = South 20 degrees 23 minutes 35 seconds
West, 1,156,02 feet) for an arc distance of 1,156.51 feet to the
PLACE Or 99CINMNG and containing 75.330 acres.
Bearings, distances and coordinates used herein are "GRID" based
on the Texas State Plane Coordinate System - Central Zone - NAD
83(2011). Convergence = +01 degree 22 minutes 23 seconds.
Combined factor R 0.4998662.
STATE OF TEXAS
COUNTY OF WILLIAMSON
I, Kevin Von Minden, a Registered Professional Land Surveyor, do
hereby certify the foregoing field notes to be true and correct
to the'best of my knowledge and belief.
BEFCO ENGINEERING, INC.
Surveying Firm No. 10001700
Consultinnng/g Engineering 6 band
Surveying
TI„I q
gOF
OF TF�ty,:
Kevin Von Minden, R. P.Z.S.:r-,
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Registration No. 4438
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October 18, 2016
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BEFCO Job No. 16-6729
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Revised October 20, 2016
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Page 12 Exhibit "A" to Economic Development Performance Agreement-
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Page 13 Exhibit "A" to Economic Development Performance Agreement-
GEDCO and Holt Texas, Ltd. (TM 81335)