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HomeMy Public PortalAboutOrdinance No. 1344-18 02-12-2018ORDINANCE NO. 1344-18 AN ORDINANCE OF THE CITY OF RICHLAND HILLS, TEXAS APPROVING THE SALE OF A RIGHT- OF-WAY LOCATED AT OR NEAR THE FOLLOWING BLOCKS: 7400 DOGWOOD PARK, 7300 AND 7400 TOWER STREET AND 7400 WHITEHALL STREET, BY A RIGHT-OF-WAY CONVEYANCE AGREEMENT AND DEED WITHOUT WARRANTY; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Richland Hills (the "City") is a home rule city acting under its charter adopted by the electorate pursuant to Article XI, Section 5 of the Texas Constitution and Chapter 9 of the Local Government Code; and WHEREAS, the City owns the right-of--way located at, or near, the following blocks: 7400 Dogwood Park, 7300 and 7400 Tower Street and 7400 Whitehall Street (the "Affected Blocks"), all located wholly within the City and more specifically described in the Right-of--Way Agreement attached as Exhibit "A"; and WHEREAS, the City entered into an understanding with the property owner abutting the Affected Blocks that allowed for parking to be placed within the City's right-of--way; and WHEREAS, Section 272.001 of the Texas Local Government Code authorizes the City to convey its interest in aright-of--way for fair market value to an abutting property owner. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF RICHLAND HILLS, TEXAS; SECTION 1 The City of Richland Hills conveys the right-of--way located at, or neaz, the Affected Blocks, and more specifically described in Exhibits "A" and "B" attached hereto and incorporated herein, subject to the reservation of a drainage and utility easement covering the described property, as expressly set forth in Exhibit "B". SECTION 2 The City Manager of the City of Richland Hills, Texas, is hereby authorized and empowered to execute the Right-of--Way Conveyance Agreement and Deed without Warranty, attached hereto as Exhibits "A" and "B" hereto. W:\Richland Hills\Ordinance\Right-of-Way Conveyance-Dogwood Tower & Whitehall-clean001.docx SECTION 3 The Deed without Warranty shall be presented for filing to the County Clerk of Tarrant County, Texas by the office of the City Secretary. SECTION 4 PROVISIONS SEVERABLE It is hereby declared to be the intention of the City Council that the phrases, clauses, sentences, paragraphs, and sections of this ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this ordinance shall be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs and sections of this ordinance, since the same would have been enacted by the City Council without the incorporation in this ordinance of any such unconstitutional phrase, clause, sentence, paragraph or section. SECTION 5 EFFECTIVE DATE This ordinance shall be in full force and effect from and after its passage and publication as required by law, and it is so ordained. PASSED AND APPROVES ON THIS 12~' DAY OF FEBRUARY, 2018. T ORABLE R BILL AGAN ATTEST: V CATHY BO G, CITY SEC ARY EFFECTIVE DATE: Z - J ~Z - Zc~/ APPROVED AS TO FORM AND LEGALITY: BET CI Y ATTORNE ~ / .~ ~~ ~~~~r'r r n n n m i i i ii~~\\ W:1Richland HiIIslOrdinancelRight-of-Way Conveyance-Dogwood Tower 8 Whitehall-clean001.docx Exhibit "A" Right-of--Way Conveyance Agreement W:1Richland HiIlslOrdinancelRight-of-Way Conveyance-Dogwood Tower & Whitehall-clean001.docx RIGHT-OF-WAY CONVEYANCE AGREEMENT BETWEEN THE CITY OF RICHLAND HILLS AND 356 MIDWAY VENTURE LLC STATE OF TEXAS COUNTY OF TARR.ANT This Right-of--Way Conveyance Agreement (Agreement) is made and entered into by and between the CITY OF RICHLAND HILLS, a borne rule municipal corporation organized under the laws of the State of Texas (City), acting herein by and through Mayor Bill Agan, and 356 Midway Venture LLC (Buyer). City and Buyer may sometimes be referred to collectively as the "Parties," and individually as a "Party." RECITALS WHEREAS, the City owns the right-of--way located at, or near, the following blocks: 7400 Dogwood Park, 7300 and 7400 Tower Street and 7400 Whitehall Street (the "Affected Blocks"}, all located wholly within the City and more specifically described in Exhibit A attached to this Agreement; and WHEREAS, the City entered into an understanding with the property owner abutting the Affected Blocks that allowed for parking to be placed within the City'sright-of--way; and WHEREAS, Section 272.001 of the Texas Local Government Code authorizes the City to sell its interest in aright-of--way for fair market value to an abutting property owner; and WHEREAS, Buyer has procured a Survey to determine the surface area of the right-of- way to be sold to Buyer that will be used to establish Fair Market Value; and WHEREAS, City and Buyer now seek to memorialize all agreements reached with respect to the Property (as defined below) to clarify the Parties' respective intentions, expectations, and obligations concerning the transaction. Property: The land described on Exhibit A ("Property"}. Purchase Price: $50,004.00 Surveyor: Millman National Land Services Survey Category : ALTA County for Performance: Tarrant County, Texas C:\Usersucbass4AppAatalLocallMicrosoftlWindowslTemporary intemet FileslContent.0utlooklW6DSREE6~Rirght-of-Way Conveyance Agreement (Execution Version}.docx Page 1 A. Deadlines and Other Dates All deadlines in this Agreement expire at 5:00 p.lut, local time where the Property is located. If a deadline falls on a Saturday, Sunday, or national holiday, the deadline will be extended to the next day that is not a Saturday, Sunday, or national holiday. A national holiday is a holiday designated by the federal government. Delivery of Survey: On or before the Closing Date. 2. Closing Date: May 14, 2018 Closing Time: 12:01 a.m. B. Closing Documents The documents listed in this section are collectively known as the "Closing Documents." At closing, City will deliver the following items: Deed without Warranty (in recordable form and to be recorded in the Official Records of Tarrant County, Texas) Evidence of City's authority to close this transaction 2. At closing, Buyer will deliver the following items: Evidence of Buyer's authority to consummate this transaction Deceptive Trade Practices Act waiver C. Purchase and Sale of Property City agrees to sell and convey the Property to Buyer, and Buyer agrees to buy and pay City for the Property. The promises by Buyer and City stated in this Agreement are the consideration for the formation of this Agreement. D. Survey "Survey" means an on-the-ground, staked plat of survey and metes-and-bounds description of the Property, prepared by Surveyor dated after the Effective Date, and certified to comply with the current standards and specifications as published by the Texas Society of Professional Surveyors for the Survey Category. C:\UsersUcbass\AppDatalLocallMicrosoft\WindowslTemporary Internet FileslContent.out]ook1W6DSREE61Right-of-Way Conveyance Agreement (Execution Version).docx page 2 E. Easement Subject to the terms of that certain Deed without Warranty with Reserved Easement substantially in the form attached hereto as Exhibit B, City reserves for itself, its successors and assigns, a permanent and perpetual easement for the purpose of installing, repairing, maintaining, altering, replacing, relocating, rebuilding, removing, and operating drainage and utility facilities in, into, upon, over, across, under and through the Property herein, together with the right of ingress and egress as necessary for such purposes ("Reserved Easement"). F. Termination Buyer may terminate this Agreement if it is unable to acquire the properties abutting the Property on or prior to the Closing Date. If this Agreement is terminated by Buyer as permitted herein pursuant to a right of termination granted to. Buyer by any provision of this Agreement, the Parties shall have no further obligation one to the other, except as otherwise provided herein. If Buyer elects to so terminate, and if such termination is not due to any default by City, if the condition of the Property was altered due to inspections, studies, tests, or examinations performed by Buyer or on Buyer's behalf, then Buyer must restore the Property to its original condition at Buyer's expense, and except as otherwise provided herein. G. Closing 1. Closing. This transaction will close at City offices at the Closing Date and Closing Time ("Closing"}. At the Closing, the following will occur: a. Closing Documents. The Parties will execute and deliver the Closing Documents. b. Payment of Purchase Price. Buyer will deliver the Purchase Price and othex amounts that Buyer is obligated to pay under this contract to City. c. Possession. City will deliver possession of the Property to Buyer, subject to the Permitted Exceptions existing at Closing. Transaction Costs a. Buyer's Costs. Buyer will pay the costs to obtain, deliver, and record all documents; the costs to obtain the Survey; Buyer's expenses and attorney's fees; and City's attorney's fees up to the amount of $2,500.00. The City will pay its attorney's fees above and beyond the foregoing amount. b. Ad Valorem Taxes. Any ad valorem taxes and any other assessments for the year in which the Closing is held will be prorated to date of Closing. C:IUserslkbass\AppDatalLocallMicrosoftlWindows\Temporary Internet Files\Content.OutlookiW6D5REE6\E2ight-of-Way Conveyance Agreement {Execution Version).docx Page 3 Buyer acknowledges that City is atax-exempt public entity, and City acknowledges Buyer may be entitled to a tax exemption on the Property for the period City holds title to the Property. Any ad valorem taxes that are ultimately deemed owed for the period of either Party's ownership of the Property, that Party shall be responsible for its prorated share of taxes, if any, in the year of Closing. c, Post-closing Adjustments. If errors in the prorations made at Closing are identified within ninety days after the Closing Date, Seller and Buyer will make post-closing adjustments to correct the errors within fifteen days of receipt. H. Default and Remedies If City fails to consummate this Agreement for any reason, except Buyer's default or the termination of this Agreement pursuant to a right to terminate given herein to either Party, Buyer shall have the right, as Buyer's sole remedy, to enforce specific performance of this Agreement. If Buyer fails to consummate this Agreement for any reason, except City's default or the termination of this Agreement pursuant to a right to terminate given herein to either Parry, City shall have the right to either: (1) terminate this Agreement, whereupon City shall retain all right title and interest in and to the Property and all improvements constructed or installed thereon, if any, by Buyer prior to Clasing and Buyer shall have no right or claim for compensation or reimbursement for any such improvements, or (2) enforce specific performance of this Agreement. I. No Commissions Owed City and Buyer each represents to the other that it has not retained any real estate agent or broker in connection with the procurement or negotiation of this Agreement or the consummation of the transaction contemplated in this Agreement, and that no real estate agent, broker, attorney or other third party is entitled to receive a finder's fee, commission or other payment upon the sale of the Property to Buyer. City and Buyer each warrants to the other Party that if any real estate agent, broker or other person or entity claims such a right to, the Party through which such person or entity is claiming such right shall, to the extent permitted by law, indemnify the other Party from liability, including the payment of reasonable attorney's fees incurred. This warranty shall survive Closing. J. Miscellaneous Provisions 1. Effective Date of Agreement. The term "effective date of this Agreement" and "Effective Date" as used herein shall mean the day that this Agreement has been: {1) signed by Buyer; and (2) signed by the Mayor of City. If the final date of any period falls upon a Saturday, Sunday or legal holiday under the laws of the State of Texas, then in such event the time of such period shall be extended to the next day which is not a Saturday, Sunday or legal holiday under C:\Userslkbass4AppDatalLocallMicrosoftlWindowslTemporary Internet FileslContent.OutlooklW6DSREE61Right-of--Way Conveyance Agreement (Execution Version) docx Page 4 Texas law. 2. Notices. Any notice required by or permitted under this Agreement must be in waiting. Any notice required by this Agreement will be deemed to be delivered, whether actually received or not, when deposited with the United States Postal Service, postage fully prepaid, certified mail, addressed to the intended recipient at the address shown below, with a copy to such recipient's legal counsel, if the name of such legal counsel is shown below, faxed to the facsimile transmission numbers of such persons shown below or emailed to the email address of such persons shown below. Any address for notice may be changed by written notice delivered as provided herein. Notices to be sent to: CITY: City of Richland Hills Attn: Cc-~c--. CviTtrn~ 3200 Diana Dr. Richland Hills, Texas 76118 Telephone: (817) 616-3800 Facsimile: {817) 616-3803 Email: e~t,~c-,o,~ ;~c.1,1a.~1.:t~S. ~,M -~ and Betsy Elam, City Attorney Taylor, Olson, Adkins, Sralla & Elam, L.L.P. 6000 Western Place, Suite 200 Fort Worth, Texas 76107 Telephone: (817) 332-2580 Facsimile: (817) 332-4740 Email: betsyelam@toase.com BUYER: 356 Midway Venture LLC c/o Cohen Asset Management lnc. Attn: 7ason Haas 1900 Avenue of the Stars, Ste 320 Los Angeles, California 90067 Telephone: (310) 860-0598 Email: Jason@cohenasset.com with copies to: C:\Userslkbass\AppAatalLocallMicroso$1Windows\Temporary Internet FileslContent.Outlook\W6DSREE61Right-of--Way Conveyance Agreement (Execution Version).docx Page 5 c/o Cohen Asset Management Inc. 11000 Wilshire Boulevard, #24710 Los Angeles, CA 90024 Attn: Doreen Raigosa and Raines Feldman LLP Attn: Andrew Raines, Esq. 1800 Avenue of the Stars, 12th Floor Los Angeles, CA 90067 Facsimile: (310) 765-7731 Phone: (310) 440-4100 E-Mail: araines@raineslaw.com 3. Attorney's Fees. If either Party shall be required to employ an attorney to enforce or defend the rights of such party hereunder, the prevailing Parry in any proceeding to enforce this Agreement or relating to the transaction contemplated in this Agreement shall be entitled to recover reasonable attorney's fees from the non-prevailing Party. 4. Entire Contract. This Agreement, together with its exhibits, and any Closing Documents delivered at the Closing constitute the entire agreement of the Parties concerning the sale of the Property by City to Buyer. There are no oral representations, warranties, agreements, or promises pertaining to the sale of the Property by City to Buyer not incozporated in writing in this Agreement. 5. Amendment, This Agreement may be amended only by an instrument in writing signed by the Parties. 6. Prohibition of Assignment. Buyer may not assign this Agreement or any of Buyer's rights under it without City's prior written consent, and any attempted assignment is void. This Agreement binds, benefits, and may be enforced by the Parties and their respective heirs, successors, and permitted assigns. 7. Survival; Severability. The terms and conditions of this Agreement and all representations, warranties, covenants and agreements made by Buyer shall survive the closing of this transaction, and shall not merge herein. If any provision of this Agreement is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the invalid, illegal, or unenforceable provision will not affect any other provisions, and this Agreement will be construed as if the invalid, illegal, or unenforceable provision is severed and deleted from this Agreement. 8. Choice of Law; Venue. This Agreement will be construed under the laws of the C:1Users\kbasslAppDatalLocafSMicrosoftlWindowslTemporary laternet Files\Content.0utlooklW6DSREE61Right-of-Way Conveyance Agreement (Execution Version).docx Page 6 State of Texas, without regard to choice-of--law rules of any jurisdiction. This Agreement is to be performed entirely in Tarrant County, Texas, and in the event of any dispute, venue shall be in the state courts located in Tarrant County, Texas. 9. No Waiver of Default. A failure of the non-defaulting party to declare immediately a default shall not constitute a waiver of any provision of this Agreement, unless this Agreement expressly specifies a specific time for objection and a waiver upon a failure to timely object. 10. No Third-Party Beneficiaries. There are no third-party beneficiaries of this Agreement. 11. Rules of Construction. The Parties acknowledge and agree that this Agreement is the product of negotiation and compromise, and that both Parties have consulted legal counsel in the negotiation of the Agreement, and that the Agreement shall not be construed against the other party, but all other rules of contract construction shall apply. 12. No Special Relationship, The Parties' relationship is an ordinary commercial relationship, and they do not intend to create the relationship of principal and agent, partnership, joint venture, or any other special relationship. 13. Counterparts. If this Agreement is executed in multiple counterparts, all counterparts taken together will constitute this Agreement. 14. Waiver of Consumer Rights, BUYER WANES ITS RIGHTS UNDER THE TEXAS DECEPTIVE TRADE PRACTICES-CONSUMER PROTECTION ACT, SECTION 17.41 ET SEQ. OF THE TEXAS BUSINESS AND COMMERCE CODE, A LAW THAT GIVES CONSUMERS SPECIAL RIGHTS AND PROTECTIONS. AFTER CONSULTATION WITH AN ATTORN~Y OF ITS OWN SELECTION, BUYER VOLUNTARILY CONSENTS TO THIS WAIVER. K. Time is of the Essence Time is of the essence in this Agreement. L. Hazardous Materials The term "Environmental Law" means the Comprehensive Environmental Response, Compensation and Liability Act, as amended, the Clean Water Act, as amended, or any other Federal, State or local environmental law, ordinance, rule, or regulation, whether existing as of the Effective Data or subsequently enacted. The term "Hazardous Material"" means any pollutants, toxic substances, oils, hazardous wastes, hazardous materials or hazardous substances as defined in or pursuant to any Environmental Law. City does not warrant that CaUserslkbasslAppData\LocalUVlicrosoftlWindowslTemporary Internet FileslContent.0utlooklW6DSREE6lRight-of-Way Conveyance Agreement (Execution Version).docx Page 7 the Property is free of Hazardous Materials. Buyer has the opportunity to conduct any studies, assessments, surveys, analyses, and investigations regarding Hazardous Materials Buyer deems prudent, and, at Closing, Buyer will assume all liability and responsibility applicable to the owner of the Property under applicable Environmental Law for: (1) bringing any Hazardous Materials present in or on the Property or any improvements on the Property into compliance with applicable Environmental Law, and (2) any clean-up or remediation of Hazardous Materials in or on the Property that may be required by applicable Environmental Law. Buyer agrees to indemnify City from any liability and responsibility for removal or mitigation of any Hazardous Materials present in or on the Property to the extent required by applicable Environmental Law; provided, however, that, Buyer shall have no such liability to the extent the same arises due to the gross negligence or intentional misconduct of City. [Remainder of page intentionally left blank Signature page follows.] C:1UsersUcbass~.AppData\LocallMicroso$\WindowslTemporaty Internet FileslContent.0utlook\W6DSREE61Right-of-Way Conveyance Agreement (Execution Version).docx Page 8 CI OF RICHLAND HILLS Date: C:\UserslkbasslAppDatalLocallMicrosoftlWindowslTemporary Internet Files\Content 0ut1ook1W6DSREE61Right-of-Way Conveyance Agreement (Execution Version).docx Page 9 BUYER: 356 MIDWAY VENTURE LLC, a Delaware limited liability company By: CAM CAPITAL 356 LLC, a Delaware limited liability company, its managing manager By: GAM MANAGEMENT 356 LLC, a Delaware limited liability company, its manager By: COHEN HOLDINGS 2015 LLC, a Delaware limited liability comp its sole member _..------``-~ By: Name; Bradley S. Cohen Title: President & CEO C:\Userslsnayowitz\AppDatalLocal\MicrosoftiWindows\Temporary Internet FileslContent.0ut1ook16MKQDKWIJ\Right-of-Way Conveyance Agreement (Execution Version).docx Page 10 Exhibit A Description of the Right-of--Way Track 1 Being a 6 foot by 132.70 foot strip of land within the public right-of--way of Tower Street (40 feet wide) lying northerly of and contiguous with the Northerly line of Lot SR, Block 3, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, as recorded in Volume 388-109, Page 17, Plat Records, Tarrant County, Texas, and being more particularly described as follows; COMMENCING at a found cut cross notch (+) in concrete at the Southwest corner of said Lot SR; THENCE N I S°41'30" W, 194.71 feet along the Easterly line of said Lot SR to a set 5/8" Iron Pin with cap stamped "MILLMAN 3303420723" at the Northwest corner thereof, also being a point on the Southerly right-of-way line of said Tower Street for the POINT OF BEGINNING; THENCE N 15°50'28" W, 6.00 feet over and upon the right-of way of said Tower Street; THENCE N 74°09'32" E, 188.70 feet over and upon said right-of--way; THENCE S 15°50'28" E, 6.00 feet over and upon said right-of--way to a set MAG Nail at a point of curvature on said Southerly right-of--way; THENCE S 74°09'32" W, 188.70 feet along said Southerly right-of--way line, being a tangent of said curve, to the POINT OF BEGINNING, containing 1,132 square feet, or 0.026 acres of land, more or less. Tract 2 Being a 10 foot by 189.00 foot strip of land within the public right-of--way of Dogwood Park (60 feet wide) lying northeasterly of and contiguous with the Northeasterly line of Lot b, Block 2, MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-196, Page 96, Map Records, Tarrant County, Texas, and being more particularly described as follows; COMMENCING at a found cut "Y" notch in concrete on the Southeasterly right-of--way line of said Dogwood Park, also being the Northwest corner of said Lot 6; THENCE S 62°37'32" W, 32.10 feet along said Southeasterly right-of--way line to the POINT OF BEGINNING; C:1UsersUDonovanlAppDalalLocai\MicrosoftlWindowslTemporary lnternel FiieslContent.Outlook\F4HT$OV41Righl-of-Way Conveyance Agreement (Execution Version).docx Page 11 i THENCE continuing southwesterly along said Southerly right-of--way line the following two {2) courses; ~ I 1.} S 62°37'32" W, 189.00 feet to a found cut "Y" in concrete at a point of curvature; 2.)-37.59 feet along the arc of a curve concave northerly, having a radius of 909.67 feet, a central angle of 02°22'04", and a chord of S 63°48'34" W, 37.59 feet; THENCE N 25°00'24" W, 10.00 feet along a line radial to said curve, over and upon said Dogwood Park right-of way to a line 10.00 feet northwesterly of and parallel with said Southeasterly right-of way line; THENCE northeasterly along said parallel line the following two (2) courses; 1.) 37.18 feet along the arc of a curve concave northerly, having a radius of 899.67 feet, a central angle of 02°22'04", and a chord of N 63°48'34" E, 37.18 feet to a point of tangency; 2.) N 62°37'32" E, 189.00 feet; THENCE S 27°22'28" E, 10.00 feet to the POINT OF BEGINNING, containing 2,264 square feet, or 0.052 acres of land, more or less. Tract 3 Being a 10 foot wide strip of land within the public right-of--way of Dogwood Park (60 feet wide) lying southeasterly of and contiguous with the Southeasterly line of Lot 3-R, Block 1, MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Cabinet A, Slide 4429, Plat Records, Tarrant County, Texas, and being more particularly described as follows; BEGINNING at a found cut cross notch (+) in concrete on the Northeasterly right-of-way line of said Dogwood Park, also being the Southwest corner of said Lot 3-R; THENCE N 74°18'32" E, 339.29 feet along said Northwesterly right-of--way line to a found cut cross notch (+} at the Southeast corner of said Lot 3-R; THENCE S 15°41'28" E, 10.00 feet over and upon said Dogwood Park right-of--way to a line 10.00 feet southeasterly of and parallel with said Northwesterly right-of--way line; THENCE S 74°18'32" W, 339.29 feet along said parallel line to a point in said Dogwood Park right-of-way; THENCE N 15°41'28" W, 10.00 feet over and upon said Dogwood Park right-of--way to the PO1NT OF BEGINNING, containing 3,393 square feet, or 0.078 acres of land, more or less. Tract 4 C:1UsersUDonovan\AppDatalLocatiMicrosoftlWindowslTemporary Internet FileslContent.OutlooklF4HTBOV4\Right-oF Way Conveyance Agreement (Execution Version).docx Page l2 All the portion of an 8 foot wide strip of land within the public right-of--way of Tower Street (40 feet wide) lying Southerly of Lot 4R, Block 4, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat xecorded in Volume 388-109, Page 17, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING a found cut cross on the Northerly right-of--way line of said Tower Street, being the Southeast corner of said Lot 4R; THENCE S 11°54'18" E, 8.02 feet along the Southerly extension of the Easterly line of said Lot 4R to a line 8 feet Southerly of and parallel with the Northerly right-of--way line of said Tower Street; THENCE S 74°06'04" W, 335.64 feet along said parallel line to the Southerly extension of the Westerly line of said Lot 4R; THENCE N 11°54'18" W, 8.02 feet along said Southerly extension to a found 1/2" iron rebar on the Northerly right-of--way line of said Tower Street, being the Southwest corner of said Lot 4R; THENCE N 74°06'04" E, 335.64 feet along said Northerly right-of-way line to the POINT OF BEGINNING, containing 2,685 square feet, or 0.062 acre of land, more or less. Tract 5 All the portion of an 10 foot wide strip of land within the public right-of--way of Dogwood Park (60 feet wide} lying Southerly of Lot 4-R, Block 1, MIDWAY INDUSTRIAL PARK, an Addition to City of Richland Hills, Tarrant County, Texas, according to the Map thereof recorded in Cabinet A, Slide 4429, Plat Records, Tarrant County, Texas, being more particularly described as follows; BEGINNING a found cut cross on the Northerly right-of-way line of said Dogwood Park, being the Southwest corner of said Lot 4-R; THENCE northeasterly along said Northerly right-of--way line the following two (2) courses; 1.) N 74°18'32" E, 146.69 feet to a set cut cross notch at a point of curvature; 2.) 55.71 feet along the arc of a curve concave northerly, having a radius of 849.04 feet, a central angle of 03°45'35", and a chord ofN 72°25'44" E, 55.70 feet; THENCE S 19°27'03" W, 10.00 feet over and upon said Dogwood Park right-of--way to a line 10.00 feet southerly of and parallel with said Northerly right-of--way line; THENCE southwesterly over and upon said right-of--way along said parallel line the following two (2) courses; 1.) 56.37 feet along the arc of a curve concave northerly, having a radius of 859.04 feet, a central C'1UsersUDonovan\AppDatalLocalUvlicrosoftlWindows\Temporazy Internet Files\Content.Outlook\F4HTBOV4Utight-of-Way Conveyance Agreement (Execution Version}.docx Page 13 angle of 03°45'35", and a chord of S 72°25'44" W, 56.36 feet to a point of tangency; 2.) S 74°18'32" W, 146.69 feet; THENCE N 15°41'28" W, 10.00 feet over and upon said right-of--way to the POINT OF BEGINNING, containing 2,027 square feet, or 0.047 acre of land, more or less. Tract 6 Being a 10 foot by 132 foot strip of land within the public right-of--way of Dogwood Park {60 feet wide) lying Southeasterly of and contiguous with the Southeasterly line of Lot 7, Block 3, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-101, Page 3, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING at a found 5/8" iron rebar at a point of curvature on the Southeasterly right-of--way line of said Dogwood Parlc, being a point on the Northwesterly line of Lot 7, Block 2, of MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to Plat recorded in Volume 388-196, Page 96, Deed Records of said Tarrant County; THENCE N 27°23'04" W, 60.00 feet to a point on the Northwesterly right-of--way line of said Dogwood Park, also being the Southeasterly line of said Lot 7, Block3, of MIDWAY PLACE; THENCE S 62°36'56" W, 128.12 feet along said Northwesterly right-of--way line for the POINT OF BEGINNING; THENCE S 27°23'04" E, 10.00 feet over and across said right-of--way to a line 10.00 feet southeasterly of and parallel with said Northwesterly right-of--way line; THENCE S 62°36'56" W; 132.00 feet over and across said right-of--way; THENCE N 27°23'04" W, 10.00 feet over and across said right-of--way to the Northwesterly line thereof; THENCE N 62°36' S6" E, 132.00 feet along said Northwesterly right-of--way Iine to the POINT OF BEGINNING, containing 1,320 square feet, or 0.030 acre of land, more or less. Tract 7 Being a 10 foot wide strip of land within the public right-of--way of Whitehall Street (60 feet wide) lying Northerly of Lot 5, Block S, MIDWAY PLACE, an Addition to the City of Richland C:1UsersUDonovanlAppDetalLocal\M~crosoftlWindowslTemporary Internet FileslContent.Outlook\F4HTBOV41Right-of--Way Conveyance Agreement (l;xecution Version).docx Page 14 i Hills, Tarrant County, Texas, according to plat recorded in Volume 388-181, Page 14, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING at a found cut cross notch on the Southerly right-of--way Iine of said Whitehall Street, being the Northwest corner of said Lot 5; THENCE N 11°57'14" E, 10.02 feet along the Northerly extension of the Westerly line of said Lot 5 to a point on a curve concave northerly, being 10 feet Northerly of and parallel with the Southerly right-of--way line of said Whitehall Street; THENCE northeasterly 134.82 feet along the arc of said curve, having a radius of 1,170.19 feet, a central angle of 06°36'04", and a chord of N 78°20'03" E, 134.74 feet to a point of tangency; THENCE N 75°02'01" E, 73.38 feet to the Northerly extension of the Easterly line of said Lot 5; THENCE S 11°53'59" E, 10.01 feet along said Northerly extension to a set iron rebar with cap stamped "MILLMAN 3303420723" on said Northerly right-of--way line, also being the Northeast corner of said Lot 5; THENCE southwesterly along said Northerly right-of-way line the following two {2) courses; 1.) S 75°02'01" W, 72.85 feet to a point of curvature; ' 2.) 135.34 feet along the arc of a curve concave northerly, having a radius of 1,180.19 feet, a central angle of 06°34'14", and a chord of S 78°19'09" W, 135.27 feet to the POINT OF BEGINNING, containing 2,082 square feet, or 0.048 acre of land, more or less. Tract 8 All the portion of an 8 foot wide strip of land within the public right-of--way of Tower Street (40 feet wide) lying Southerly of Lot 2, Block 4, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-101, Page 3, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING a found railroad spike on the Northerly right-of--way line of said Tower Street, being the Southeast corner of said Lot 2; THENCE S 13°06'34" E, 8.01 feet along the Southerly extension of the Easterly line of said Lot 2 to a line 8 feet Southerly of and parallel with the Northerly right-of--way line of said Tower Street; THENCE S 74°06'04" W, 220.62 feet along said parallel line to the Southerly extension of the Westerly line of said Lot 2; THENCE N 12°59'47" W, 8.01 feet along said Southerly extension to a found 1/2" iron rebar on the Northerly right-of--way line of said Tower Street, being the Southwest corner of said Lot 2; C;IUsersUDonovan\AppData\LocallMicrosoftlWindowslTemporary Internet Files\Content.OutlooklF4tlTSOV41Right-of-Way Conveyance Ageement (Execution Version).docx Page 1 S THENCE N 74°06'04" E, 220.62 feet along said Northerly right-of--way line to the POINT OF BEGINNING, containing 1,765 square feet, or 0.041 acre of land, more or less. C:\UsersUDonovanlAppDala\L,ocallMicrosoftlWindowslTemporary internel FileslContent.0utlook\F4HTBOV41Right-of-Way Conveyance Agreement (Execution Version).docx Page 16 Exhibit B Deed without Warranty with Reserved Easement C:\UsersUDonovanlAppData\LocallMicrosoft\WindowslTemporary ]nternet Fi]eslContent.OutlooklF4l-ITSOV41R~ght-of-Way Conveyance Agreement (Execution Version).docx Page l7 DEED WITHOUT WARRANTY WITH RESERVED EASEMENT NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. THE STATE OF TEXAS COUNTY OF TARRANT Date: May 14, 2018 KNOW ALL PERSONS BY THESE PRESENTS: Grantor: City of Richland Hills, a home rule municipal corporation organized under the laws of the State of Texas. Grantor's Mailing Address: 3200 Diana Dr. Richland Hills, Tarrant County, Texas 7611$ Grantee: 356 Midway Venture LLC Grantee's Mailing Address: c% Cohen Asset Management Inc. 11000 Wilshire Boulevard, #24710 Los Angeles, CA 90024 Attn: Doreen Raigosa Consideration: FIFTY THOUSAND AND FOUR DOLLARS ($50,004.00). Property (including any improvements): The land described on Exhibit A. Reservations from Conveyance Easement: For Grantor and Grantor's heirs, successors, and assigns forever, a permanent and perpetual easement for the purpose of installing, repairing, maintaining, altering, replacing, relocating, rebuilding, removing, and operating drainage and utility facilities in, into, upon, over, across, under and through the Property herein, together with the right of ingress and egress as necessary for such purposes (the "Easement"); provided, however that Grantor shall (i) maintain any improvements within the Property at its sole cost and expense, in good, clean and safe condition in accordance with all applicable laws and regulations, (ii) not interfere with or obstruct Grantee's permitted use of the Property and (iii) restore and return the Property to its original condition following its use of the Easement. Grantee and Grantee's heirs, representatives, successors and assigns shall at no time erect, place or construct, or cause to be erected, placed or constructed in, into, upon, over, across or under the Property granted herein any temporary or permanent structures, other than (i) paving, curb cuts or other accommodations necessary for parking vehicles and (ii) subject to the prior written consent of Grantor in its reasonable discretion as to location, drainage and utility C:\Userslkbass\AppDatalLocal\MicrosoftlWindows\Temporary Internet FileslContent,0utlooklW6DSREE6\Deed without warranty - RF Comments (Execution Version).rt:EPage 1 facilities, and it is further agreed that Grantor shall have the right, subject to restoration of the Property for its intended use, to excavate and fill within said Property and to remove from said Property, any fences, buildings, trees, shrubs, or other obstructions or growths if placed upon said Property. It is further intended that the Easement herein reserved to the Grantor shall run with the land and forever be a right in and to the land belonging to Grantee, and Grantee's successors and assigns. Except for existing easements, the Easement granted herein is exclusive, and Grantee covenants that unless Grantee has the approval of Grantor, it will not convey any other easement or conflicting rights within the area covered by the grant to any other person. TO HAVE AND TO HOLD the above-described Easement, with the right of ingress and egress thereto, together with all and singular, the rights and appurtenances thereto, anywise belonging unto the said Grantor, its successors and assigns forever; and Grantee does hereby bind itself, its heirs and assigns, to warrant and to forever defend all and singular the premises unto the said Grantor, its successors and assigns, against every person whomsoever lawfully claiming or to claim same or any part thereof. Exceptions to Conveyance: None. Grantor, for the Consideration and subject to the Reservations from Conveyance Easement grants, sells, and conveys to Grantee the Property, together with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold it to Grantee and Grantee's heirs, successors, and assigns forevex, without express or implied warranty. All warranties that might arise by common law as well as the warranties in section 5.023 of the Texas Property Code (or its successor) are excluded. title. This Conveyance is intended to include any property interests obtained by after-acquired When the context requires, singular nouns and pronouns include the plural. [Remainder ofpage intentionally left blank. Signature page follows.] C:1UserslkbasslappData~L,ocal~Microsoft\WindowslTemporary Internet Files\Content.~utlooklW6DSREE6~Deed without warranty - RF Comments (Execution Version).rttPage 2 L s IN WITNESS WHEREOF, the said Grantor has executed this instrtunent on the date first above written [Name of Grantor] ~ ~ rC S-tronq Ct+y Mana pr• ~~lc,~y, of ACKNOWLEDGEMENT ~ IZ,e~1Q.,d ~~~5 Acknowledged before me on this _~ day of 2018, by fir-' c...s+ra of the City of Richland Hills, a home rule municipal orporation organized under the laws f the State of Texas, in the capacity stated, and as the act and deed of City of Richland Hills. ...~ a~~"n~~i. CATHY BOURG Notary Pub c, State of X3S air r~so~ ~sYO. ~ i+% NOfory Public. Stafe o} texas ~.~ ~~ Comm. Expires Ol 132019 ~ }~ ~ v~ ~ T~ ~~~r!•.. tip,:. i [ ~ -,,,,o;,,,,., Notary ID 12443775.1 Name prin d or typed C:\Users\kbass\APpData\Local\Microsoft\Windows\Temporary Internet Files\Content.0utlook\W6DSREE6\Deed without warranty - RF Comments (Execution Version).rttPage 3 Exhibit A Track 1 Legal Descriptions Being a 6 foot by 132.70 foot strip of land within the public right-of--way of Tower Street (40 feet wide) lying northerly of and contiguous with the Northerly line of Lot SR, Block 3, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, as recorded in Volume 388-109, Page 17, Plat Records, Tarrant County, Texas, and being more particularly described as follows; COMMENCING at a found cut cross notch (+) in concrete at the Southwest corner of said Lot SR; THENCE N 15°41'30" W, 194.71 feet along the Easterly line of said Lot SR to a set S/8" Iron Pin with cap stamped "MILLMAN 3303420723" at the Northwest corner thereof, also being a point on the Southerly xight-of--way line of said Tower Street for the POINT OF BEGINNING; THENCE N 15°50'28" W, 6.00 feet over and upon the right-of--way of said Tower Street; THENCE N 74°09'32" E, 188.70 feet over and upon said right-of--way; THENCE S 15°50'28" E, 6.00 feet over and upon said right-of--way to a set MAG Nail at a point of curvature on said Southerly right-of--way; THENCE S 74°09'32" W, 188.70 feet along said Southerly right-of--way line, being a tangent of said curve, to the POINT OF BEGINNING, containing 1,132 square feet, or 0.026 acres of land, more or less. Tract 2 Being a 10 foot by 189.00 foot strip of land within the public right-of--way of Dogwood Park (60 feet wide) lying northeasterly of and contiguous with the Northeasterly line of Lot 6, Block 2, MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-196, Page 96, Map Records, Tarrant County, Texas, and being more particularly described as follows; COMMENCING at a found cut "Y" notch in concrete on the Southeasterly right-of way line of said Dogwood Park, also being the Northwest corner of said Lot 6; THENCE S 62°37'32" W, 32.10 feet along said Southeasterly right-of--way line to the POINT OF BEGINNING; THENCE continuing southwesterly along said Southerly right-of--way line the following two (2) courses; C:\Users\JDonovan\AppDacalLocal\Microsoft\WindowslTemporary Internet FileslContent,0utlook\F4HTBOV4\Deed without warranty - RF Comments (Execution Version}.rtf Page 4 1.) S 62°37'32" W, 189.00 feet to a found cut "Y" in concrete at a point of curvature; 2.) 37.59 feet along the arc of a curve concave northerly, having a radius of 909.67 feet, a central angle of 02°22'04", and a chord of S 63°48'34" W, 37.59 feet; THENCE N 25°00'24" W, 10.00 feet along a line radial to said curve, over and upon said Dogwood Park right-of way to a line 10.00 feet northwesterly of and parallel with said Southeasterly right-of--way line; THENCE northeasterly along said parallel line the following two (2) courses; 1.) 37.18 feet along the arc of a curve concave northerly, having a radius of 899.67 feet, a central angle of 02°22'04", and a chord of N 63°48'34" E, 37.18 feet to a point of tangency; 2.) N 62°37'32" E, 189.00 feet; THENCE S 27°22'2$" E, 10.00 feet to the POINT OF BEGINNING, containing 2,264 square feet, or 0.052 acres of land, more or less. Tract 3 Being a 10 foot wide strip of land within the public right-of--way of Dogwood Park (60 feet wide} lying southeasterly of and contiguous with the Southeasterly line of Lot 3-R, Block 1, MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Cabinet A, Slide 4429, Plat Records, Tarrant County, Texas, and being more particularly described as follows; BEGINNING at a found cut cross notch (+) in concrete on the Northeasterly right-of--way line of said Dogwood Park, also being the Southwest corner of said Lot 3-R; THENCE N 74°18'32" E, 339.29 feet along said Northwesterly right-of--way line to a found cut cross notch {+) at the Southeast corner of said Lot 3-R; THENCE S 15°41'28" E, 10.00 feet over and upon said Dogwood Park right-of--way to a line 10.00 feet southeasterly of and parallel with said Northwesterly right-of--way line; THENCE S 74°18'32" W, 339.29 feet along said parallel line to a point in said Dogwood Park right-of--way; THENCE N 15°41'28" W, 10.00 feet over and upon said Dogwood Park right-of--way to the POINT OF BEGINNING, containing 3,393 square feet, or 0.078 acres of land, more or less. Tract 4 All the portion of an 8 foot wide strip of land within the public right-of--way of Tower Street (40 feet wide)-lying Southerly of Lot 4R, Block 4, MIDWAY PLACE, an Addition to the City of C:\UserslJDonovanlAppData\I.ocallMicrosoftlWindows\Temporary Internet FileslContent.0utlooklF4HTBOV4\Deed without warranty - RF Comments (Execution Version).rtf Page 5 Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-109, Page 17, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING a found cut cross on the Northerly right-of-way line of said Tower Street, being the Southeast corner of said Lot 4R; THENCE 5 11°54'18" E, 8.02 feet along the Southerly extension of the Easterly line of said Lot 4R to a line 8 feet Southerly of and parallel with the Northerly right-of--way line of said Tower Street; THENCE S 74°06'04" W, 335.64 feet along said parallel line to the Southerly extension of the Westerly line of said Lot 4R; THENCE N l 1°54'18" W, 8.02 feet along said Southerly extension to a found 1/2" iron rebar on the Northerly right-of--way line of said Tower Street, being the Southwest corner of said Lot 4R; THENCE N 74°06'04" E, 335.64 feet along said Northerly right-of--way line to the POINT OF BEGINNING, containing 2,685 square feet, or 0.062 acre of land, more or less. Tract 5 All the portion of an 10 foot wide strip of land within the public right-of--way of Dogwood Park (60 feet wide) lying Southerly of Lot 4-R, Block 1, MIDWAY INDUSTRIAL PARK, an Addition to City of Richland Hills, Tarrant County, Texas, according to the Map thereof recorded in Cabinet A, Slide 4429, Plat Records, Tarrant County, Texas, being more particularly described as follows; BEGINNING a found cut cross on the Northerly right-of--way line of said Dogwood Park, being the Southwest corner of said Lot 4-R; THENCE northeasterly along said Northerly right-of--way line the following two {2) courses; 1.) N 74°18'32" E, 146.69 feet to a set cut cross notch at a point of curvature; 2.) 55.71 feet along the arc of a curve concave northerly, having a radius of 849.04 feet, a central angle of 03°45'35", and a chord ofN 72°25'44" E, 55.70 feet; THENCE S 19°27'03" W, 10.00 feet over and upon said Dogwood Park right-of--way to a Iine 10.00 feet southerly of and parallel with said Northerly right-of-way line; THENCE southwesterly over and upon said right-of--way along said parallel line the following two (2) courses; l .} 56.37 feet along the arc of a curve concave northerly, having a radius of 859.04 feet, a central angle of 03°45'35", and a chord of S 72°25'44" W, 56.36 feet to a point of tangency; 2.) S 74° 18' 32" W, 146.64 feet; C:1UsersUDonovanlAppDatalLocallMicrosoft\Windows\Temporary Internet Files\Content,0ut1ook1F4HTBOV4\Deed without warranty - RF Comments (Execution Version).rtf Page 6 THENCE N 15°41'28" W, 10.00 feet over and upon said right-of--way to the POINT OF BEGINNING, containing 2,027 square feet, or 0.047 acre of land, more or less. Tract 6 Being a 10 foot by 132 foot strip of land within the public right-of--way of Dogwood Park (60 feet wide) lying Southeasterly of and contiguous with the Southeasterly line of Lot 7, Block 3, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-101, Page 3, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING at a found 5/8" iron rebar at a point of curvature on the Southeasterly right-of--way line of said Dogwood Parlc, being a point on the Northwesterly line of Lot 7, Block 2, of MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to Plat recorded in Volume 388-196, Page 96, Deed Records of said Tarrant County; THENCE N 27°23'04" W, 60.00 feet to a point on the Northwesterly right-of--way line of said Dogwood Park, also being the Southeasterly line of said Lot 7, Block3, of MIDWAY PLACE; THENCE S 62°36'56" W, 128.12 feet along said Northwesterly right-of--way line for the POINT OF BEGINNING; THENCE S 27°23'04" E, 10.00 feet over and across said right-of--way to a Line 10.00 feet southeasterly of and parallel with said Northwesterly right-of--way line; THENCE S 62°36'56" W, 132.00 feet over and across said right-of--way; THENCE N 27°23'04" W, 10.00 feet over and across said right-of--way to the Northwesterly line thereof; THENCE N 62°36'56" E, 132.00 feet along said Northwesterly right-of--way line to the POINT OF BEGINNING, containing 1,320 square feet, or 0,030 acre of land, more or less. Tract 7 Being a 10 foot wide strip of land within the public right-of--way of Whitehall Street (60 feet wide) lying Northerly of Lot 5, Block 5, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-18i, Page 14, Deed Records of Tarrant County, Texas, being more particularly described as follows: C'1Users\JDonovan\AppData\Local\Microso8\Windows\Temporary Internet FileslContent.0utloolc\F4HTBOV41Deed without warranty - RF Comments (Execution Version).rtf Page 7 BEGINNING at a found cut cross notch on the Southerly right-of=-way line of said Whitehall Street, being the Northwest corner of said Lot 5; THENCE N 11 °57' 14" E, 10.02 feet along the Northerly extension of the Westerly line of said Lot 5 to a point on a curve concave northerly, being 10 feet Northerly of and parallel with the Southerly right-of--way line of said Whitehall Street; THENCE northeasterly 134.82 feet along the arc of said curve, having a radius of 1,170.19 feet, a central angle of Ob°36'04", and a chord of N 78°20'03" E, 134.74 feet to a point of tangency; THENCE N 75°02'01" E, 73.38 feet to the Northerly extension of the Easterly line of said Lot 5; THENCE S 11°53'59" E, 10.01 feet along said Northerly extension to a set iron rebar with cap stamped "MILLMAN 3303420723" on said Northerly right-of--way line, also being the Northeast corner of said Lot 5; THENCE southwesterly along said Northerly right-of--way line the following two (2) courses; 1.) S 75°02'01" W, 72.85 feet to a point of curvature; 2.) 135.34 feet along the arc of a curve concave northerly, having a radius of 1,180.19 feet, a central angle of 06°34'14", and a chord of S 78°19'09" W, 135.27 feet to the POINT OF BEGINNING, containing 2,082 square feet, or 0.048 acre of land, more or less. Tract 8 All the portion of an 8 foot wide strip of land within the public right-of--way of Tower Street (40 feet wide) lying Southerly of Lot 2, Block 4, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-101, Page 3, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING a found railroad spike on the Northerly right-of--way line of said Tower Street, being the Southeast corner of said Lot 2; THENCE S 13°06'34" E, 8.01 feet along the Southerly extension of the Easterly line of said Lot 2 to a line 8 feet Southerly of and parallel with the Northerly right-of--way line of said Tower Street; THENCE S 74°06'04" W, 220.62 feet along said parallel line to the Southerly extension of the Westerly line of said Lot 2; THENCE N 12°59'47" W, 8.01 feet along said Southerly extension to a found 1/2" iron rebar on the Northerly right-of--way line of said Tower Street, being the Southwest corner of said Lot 2; THENCE N 74°06'04" E, 220.62 feet along said Northerly right-of--way line to the POINT OF BEGINNING, containing 1,765 square feet, or 0.041 acre of land, more or less. C:\UserslJDonovanlApp~acaU.ocal\MicrosoftlWindows\Temporary Internet FileslContent.0utlooklF4HTBOV4\Deed without warranty - RF Comments (Execution Version).rtf Page 8 Exhibit "B" Deed without Warranty W:\Richland Hills\Ordinance\Right-ot-Way Conveyance-Dogwood Tower & Whitehall-clean001.docx -+ ~- r DEED WITHOUT WARRANTY WITH RESERVED EASEMENT NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT I5 FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. THE STATE OF TEXAS COUNTY OF TARRANT Date: May 14, 2018 KNOW ALL PERSONS BY THESE PRESENTS: Grantor: City of Richland Hills, a home rule municipal corporation organized under the laws of the State of Texas. Grantor's Mailing Address: 3200 Diana Dr. Richland Hills, Tarrant County, Texas 76118 Grantee: 356 Midway Venture LLC Grantee's Mailing Address: c/o Cohen Asset Management Inc. 11000 Wilshire Boulevard, #24710 Los Angeles, CA 90024 Attn: Doreen Raigosa Consideration: FIFTY THOUSAND AND FOUR DOLLARS ($50,004.00). Property (including any improvements): The land described on Exhibit A. Reservations from Conveyance Easement: For Grantor and Grantor's heirs, successors, and assigns forever, a permanent and perpetual easement for the purpose of installing, repairing, maintaining, altering, replacing, relocating, rebuilding, removing, and operating drainage and utility facilities in, into, upon, over, across, under and through the Property herein, together with the right of ingress and egress as necessary for such purposes (the "Easement"); provided, however that Grantor shall (i) maintain any improvements within the Property at its sole cost and expense, in good, clean and safe condition in accordance with all applicable laws and regulations, (ii) not interfere with or obstruct Grantee's permitted use of the Property and (iii) restore and return the Property to its original condition following its use of the Easement. Grantee and Grantee's heirs, representatives, successors and assigns shall at no time erect, place or construct, or cause to be erected, placed or constructed in, into, upon, over, across or under the Property granted herein any temporary or permanent structures, other than (i) paving, curb cuts or other accommodations necessary for parking vehicles and (ii) subject to the prior written consent of Grantor in its reasonable discretion as to location, drainage and utility C:\Users\kbass\.eppDaca\Local\Microsoft\Windows\Temporary Internet Files\Content.0utlook\W6DSREE6\Deed without warranty - RF Comments (Execution Version).rtfPage I facilities, and it is further agreed that Grantor shall have the right, subject to restoration of the Property for its intended use, to excavate and fill within said Property and to remove from said Property, any fences, buildings, trees, shrubs, or other obstructions or growths if placed upon said Property. It is further intended that the Easement herein reserved to the Grantor shall run with the land and forever be a right in and to the land belonging to Grantee, and Grantee's successors and assigns. Except for existing easements, the Easement granted herein is exclusive, and Grantee covenants that unless Grantee has the approval of Grantor, it will not convey any other easement or conflicting rights within the area covered by the grant to any other person. TO HAVE AND TO HOLD the above-described Easement, with the right of ingress and egress thereto, together with all and singular, the rights and appurtenances thereto, anywise belonging unto the said Grantor, its successors and assigns forever; and Grantee does hereby bind itself, its heirs and assigns, to warrant and to forever defend all and singular the premises unto the said Grantor, its successors and assigns, against every person whomsoever lawfully claiming or to claim same or any part thereof. Exceptions to Conveyance: None. Grantor, for the Consideration and subject to the Reservations from Conveyance Easement grants, sells, and conveys to Grantee the Property, together with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold it to Grantee and Grantee's heirs, successors, and assigns forever, without express or implied warranty. All warranties that might arise by common law as well as the warranties in section 5.023 of the Texas Property Code (or its successor) are excluded. This Conveyance is intended to include any property interests obtained by after-acquired title. When the context requires, singular nouns and pronouns include the plural. [Remainder ofpage intentionally left blank. Signature page follows.] C:\Users\kbass\.appData\L,ocal\Microsoft\Windows\Temporary Internet Files\Content.0utlook\W6DSREE6\Deed without warranty - RF Comments (Execution Version).rtfPage 2 v IN WITNESS WHEREOF, the said Grantor has executed this instrument on the date first above written [Name of Grantor] ~ ~ • C g•Iron Cr~'r Mana~r~ r-Ey of ACKNOWLEDGEMENT R.e~1Q.,~ ll~~s Acknowledged before me on this _~ day of 2018, by r~r' ~.S+ra of the City of Richland Hills, a home rule municipal orporation organized under the laws f the State of Texas, in the capacity stated, and as the act and deed of City of Richland Hills. aa~'o'~,, ;;o`~'• ~~'a ~ ' d CATHY 80URG Notary Public. Stole of Texas 32019 ~~•• yc ' . Comm. Expires O1 1 ma'''r°•oF~~:~`~, Notary ID 12443775.1 NotNot-L~~c State of xas Y ~ ~t~ ~(7/p ~~f Name prin d or typed C:\Users\kbass\AppData\I,ocal\Microsoft\Windows\Temporary Internet Files\Content.0utlook\W6DSREE6\Deed without warranty - ItF Comments (Execution Version).rtfPage 3 ~'~ • a Track 1 Exhibit A Legal Descriptions Being a 6 foot by 132.70 foot strip of land within the public right-of--way of Tower Street (40 feet wide) lying northerly of and contiguous with the Northerly line of Lot SR, Block 3, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, as recorded in Volume 388-109, Page 17, Plat Records, Tarrant County, Texas, and being more particularly described as follows; COMMENCING at a found cut cross notch (+) in concrete at the Southwest corner of said Lot SR; THENCE N 15°41'30" W, 194.71 feet along the Easterly line of said Lot SR to a set 5/8" Iron Pin with cap stamped "MILLMAN 3303420723" at the Northwest corner thereof, also being a point on the Southerly right-of--way line of said Tower Street for the POINT OF BEGINNING; THENCE N 15°50'28" W, 6.00 feet over and upon the right-of--way of said Tower Street; THENCE N 74°09'32" E, 188.70 feet over and upon said right-of--way; THENCE S 15°50'28" E, 6.00 feet over and upon said right-of--way to a set MAG Nail at a point of curvature on said Southerly right-of--way; THENCE S 74°09'32" W, 188.70 feet along said Southerly right-of--way line, being a tangent of said curve, to the POINT OF BEGINNING, containing 1,132 square feet, or 0.026 acres of land, more or less. Tract 2 Being a 10 foot by 189.00 foot strip of land within the public right-of--way of Dogwood Park (60 feet wide} lying northeasterly of and contiguous with the Northeasterly line of Lot 6, Block 2, MIDWAY INDUSTRIAL FARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-196, Page 96, Map Records, Tarrant County, Texas, and being more particularly described as follows; COMMENCING at a found cut "Y" notch in concrete on the Southeasterly right-of--way line of said Dogwood Park, also being the Northwest corner of said Lot 6; THENCE S 62°37'32" W, 32.10 feet along said Southeasterly right-of--way line to the POINT OF BEGINNING; THENCE continuing southwesterly along said Southerly right-of--way line the following two (2) courses; C:\Users\JDonovanWpp~aca\Local\Microsoft\Windows\Temporary Internet Piles\Content.0utlook\F4HTBOV4\Deed without warranty - RF Comments (Execution Version).rtf Page 4 .\ 1.) S 62°37'32" W, 189.00 feet to a found cut "Y" in concrete at a point of curvature; 2.) 37.59 feet along the arc of a curve concave northerly, having a radius of 909.67 feet, a central angle of 02°22'04", and a chord of S 63°48'34" W, 37.59 feet; THENCE N 25°00'24" W, 10.00 feet along a line radial to said curve, over and upon said Dogwood Park right-of way to a line 10.00 feet northwesterly of and parallel with said Southeasterly right-of--way line; THENCE northeasterly along said parallel line the following two (2) courses; l .) 37.18 feet along the arc of a curve concave northerly, having a radius of 899.67 feet, a central angle of 02°22'04", and a chord of N 63°48'34" E, 37.18 feet to a point of tangency; 2.) N 62°37'32" E, 189.00 feet; THENCE S 27°22'28" E, 10.00 feet to the POINT OF BEGINNING, containing 2,264 square feet, or 0.052 acres of land, more or less. Tract 3 Being a 10 foot wide strip of land within the public right-of--way of Dogwood Park (60 feet wide) lying southeasterly of and contiguous with the Southeasterly line of Lot 3-R, Block 1, MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Cabinet A, Slide 4429, Plat Records, Tarrant County, Texas, and being more particularly described as follows; BEGINNING at a found cut cross notch (+) in concrete on the Northeasterly right-of--way line of said Dogwood Park, also being the Southwest corner of said Lot 3-R; THENCE N 74°18'32" E, 339.29 feet along said Northwesterly right-of--way line to a found cut cross notch (+) at the Southeast corner of said Lot 3-R; THENCE S 15°41'28" E, 10.00 feet over and upon said Dogwood Park right-of--way to a line 10.00 feet southeasterly of and parallel with said Northwesterly right-of--way line; THENCE S 74°18'32" W, 339.29 feet along said parallel line to a point in said Dogwood Park right-of--way; THENCE N 15°41'28" W, 10.00 feet over and upon said Dogwood Park right-of--way to the POINT OF BEGINNING, containing 3,393 square feet, or 0.078 acres of land, more or less. Tract 4 All the portion of an 8 foot wide strip of land within the public right-of--way of Tower Street (40 feet wide) lying Southerly of Lot 4R, Block 4, MIDWAY PLACE, an Addition to the City of C:\UsersUDonovan\nppData\Local\Microsoft\Windows\Temporary Internet Files\Content.0utlook\F4HTBOV4\Deed without warranty - RF Comments (Execution Version).rtf Page 5 u ~, , Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-109, Page 17, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING a found cut cross on the Northerly right-of--way line of said Tower Street, being the Southeast corner of said Lot 4R; THENCE S 11°54'18" E, 8.02 feet along the Southerly extension of the Easterly line of said Lot 4R to a line 8 feet Southerly of and parallel with the Northerly right-of--way line of said Tower Street; _ THENCE S 74°06'04" W, 335.64 feet along said parallel line to the Southerly extension of the Westerly line of said Lot 4R; THENCE N 11°54'18" W, $.02 feet along said Southerly extension to a found l l2" iron rebar on the Northerly right-of--way line of said Tower Street, being the Southwest comer of said Lot 4R; THENCE N 74°06'04" E, 335.64 feet along said Northerly right-of--way line to the POINT OF BEGINNING, containing 2,685 square feet, or 0.062 acre of land, more or less. Tract 5 All the portion of an 10 foot wide strip of land within the public right-of--way of Dogwood Park (60 feet wide) lying Southerly of Lot 4-R, Block 1, MIDWAY INDUSTRIAL PARK, an Addition to City of Richland Hills, Tarrant County, Texas, according to the Map thereof recorded in Cabinet A, Slide 4429, Plat Records, Tarrant County, Texas, being more particularly described as follows; BEGINNING a found cut cross on the Northerly right-of--way line of said Dogwood Park, being the Southwest corner of said Lot 4-R; THENCE northeasterly along said Northerly right-of--way line the following two (2) courses; l .) N 74° 18' 32" E, 146.69 feet to a set cut cross notch at a point of curvature; 2.) 55.71 feet along the arc of a curve concave northerly, having a radius of 849.04 feet, a central angle of 03°45'35", and a chord of N 72°25'44" E, 55.70 feet; THENCE S 19°27'03" W, 10.00 feet over and upon said Dogwood Park right-of--way to a line 10.00 feet southerly of and parallel with said Northerly right-of--way line; THENCE southwesterly over and upon said right-of--way along said parallel line the following two (2) courses; l.) 56.37 feet along the arc of a curve concave northerly, having a radius of 859.04 feet, a central angle of 03°45'35", and a chord of S 72°25'44" W, 56.36 feet to a point of tangency; 2.) S 74°18'32" W, 146.69 feet; C:\Users\JDonovan\Appoata\Local\Microsoft\Windows\Temporary Internet Files\Content.0utlook\F4NTBOV4\Deed without warranty - RF Comments (Execution Version).rtf Page 6 ~ S THENCE N 15°41'28" W, 10.00 feet over and upon said right-of--way to the POINT OF BEGINNING, containing 2,027 square feet, or 0.047 acre of land, more or less. Tract 6 Being a 10 foot by 132 foot strip of land within the public right-of--way of Dogwood Park (60 feet wide} lying Southeasterly of and contiguous with the Southeasterly line of Lot 7, Block 3, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-101, Page 3, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING at a found 5/8" iron rebar at a point of curvature on the Southeasterly right-of--way line of said Dogwood Park, being a point on the Northwesterly line of Lot 7, Block 2, of MIDWAY INDUSTRIAL PARK, an Addition to the City of Richland Hills, Tarrant County, Texas, according to Plat recorded in Volume 388-196, Page 96, Deed Records of said Tarrant County; THENCE N 27°23'04" W, 60.00 feet to a point on the Northwesterly right-of--way line of said Dogwood Park, also being the Southeasterly line of said Lot 7, Block3, of MIDWAY PLACE; THENCE S 62°36'56" W, 128.12 feet along said Northwesterly right-of--way line for the POINT OF BEGINNING; THENCE S 27°23'04" E, 10.00 feet over and across said right-of--way to a line 10.00 feet southeasterly of and parallel with said Northwesterly right-of--way line; THENCE S 62°36'56" W, 132.00 feet over and across said right-of--way; THENCE l~T 27°23'04" W, 10.00 feet over and across said right-of--way to the Northwesterly line thereof; THENCE N 62°36'56" E, 132.00 feet along said Northwesterly right-of--way line to the POINT OF BEGINNING, containing 1,320 square feet, or 0.030 acre of land, more or less. Tract 7 Being a 10 foot wide strip of land within the public right-of--way of Whitehall Street (60 feet wide) lying Northerly of Lot 5, Block 5, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-181, Page 14, Deed Records of Tarrant County, Texas, being more particularly described as follows: C:\Users\JDonovan\Appoata\Local\Microsoft\Windows\Temporary Internet Files\Content.0utlook\F4HTBOV4\Deed without warranty - RF Comments (Execution Version).rtf Page 7 ~. BEGINNING at a found cut cross notch on the Southerly right-of--way line of said Whitehall Street, being the Northwest corner of said Lot 5; THENCE N 11 °57' 14" E, 10.02 feet along the Northerly extension of the Westerly line of said Lot 5 to a point on a curve concave northerly, being 10 feet Northerly of and parallel with the Southerly right-of--way line of said Whitehall Street; THENCE northeasterly 134.82 feet along the arc of said curve, having a radius of 1,170.19 feet, a central angle of 06°36'04", and a chord of N 78°20'03" E, 134.74 feet to a point of tangency; THENCE N 75°02'01" E, 73.38 feet to the Northerly extension of the Easterly line of said Lot 5; THENCE S 11°53'59" E, 10.01 feet along said Northerly extension to a set iron rebar with cap stamped "MILLMAN 3303420723" on said Northerly right-of--way line, also being the Northeast corner of said Lot 5; THENCE southwesterly along said Northerly right-of--way line the following two (2) courses; 1.) S 75°02'01" W, 72.85 feet to a point of curvature; 2.) 135.34 feet along the arc of a curve concave northerly, having a radius of 1,180.19 feet, a central angle of 06°34'14", and a chord of S 78°19'09" W, 135.27 feet to the POINT OF BEGINNING, containing 2,082 square feet, or 0.048 acre of land, more or less. Tract 8 All the portion of an 8 foot wide strip of land within the public right-of--way of Tower Street (40 feet wide) lying Southerly of Lot 2, Block 4, MIDWAY PLACE, an Addition to the City of Richland Hills, Tarrant County, Texas, according to plat recorded in Volume 388-101, Page 3, Deed Records of Tarrant County, Texas, being more particularly described as follows: BEGINNING a found railroad spike on the Northerly right-of--way line of said Tower Street, being the Southeast corner of said Lot 2; THENCE S 13°06'34" E, 8.01 feet along the Southerly extension of the Easterly line of said Lot 2 to a line 8 feet Southerly of and parallel with the Northerly right-of--way line of said Tower Street; THENCE S 74°06'04" W, 220.62 feet along said parallel line to the Southerly extension of the Westerly line of said Lot 2; THENCE N 12°59'47" W, 8.01 feet along said Southerly extension to a found 1/2" iron rebar on the Northerly right-of--way line of said Tower Street, being the Southwest corner of said Lot 2; THENCE N 74°06'04" E, 220.62 feet along said Northerly right-of--way line to the POINT OF BEGINNING, containing 1,765 square feet, or 0.041 acre of land, more or less. 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