HomeMy WebLinkAboutEDCRes2014.08.05ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. ),C11 q—
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
AUTHORIZING EXECUTION OF AN UTILITY AND DRAINAGE EASEMENT TO THE
CITY OF ANNA ACROSS THE EDC'S 48 ACRE TRACT OF LAND
WHEREAS, the Anna Economic Development Corporation (the "EDC") intends to
grant to the City of Anna, Texas a utility and drainage easement across a certain 48
acre tract of land owned by the EDC; and
WHEREAS, the EDC has determined that allowing the utility and drainage
easement is in the financial interests of the EDC;
NOW THEREFORE, BE IT RESOLVED BY THE ANNA ECONOMIC DEVELOPMENT
CORPORATION, THAT:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. Authority to Execute Financing Agreement
The EDC hereby authorizes the Chief Administrative Officer to execute, on the EDC's
behalf, an utility and drainage easement agreement along with any associated
documents necessary to set forth an arrangement between the EDC and the City of
Anna regarding the easement on the EDC property, which is approximately 48 acres
and is described in more detail in the attached EXHIBIT A, incorporated herein for all
purposes. Said authority to execute the utility and drainage easement is subject to
approval of the form of same by the EDC's legal counsel, and any necessary approval
by the City of Anna City Council.
PASSE ND APP OVED by the Anna Economic Development Corporation this
day of 12014.
APPROVED:
ons ance Stump, EDC Presidefft
ATTEST:
EDC Secret
EDC OF ANNA, TEXAS RESOLUTION NO�lq-OS'-CS (CDe) PAGE 1 OF 1
Exhibit A
BEING all of that certain 48.004 acre tract of land situated in Collin County, Texas, in the J.C. Brantley
Survey, Abstract No. 114, and being a re -survey of a called 47.98 acre tract of land described in a
Special Warranty Deed recorded at County Clerk File No. 96-0062799 in the Collin County Deed
Records, and being more particularly described by metes and bounds as follows:
BEGINNING at a 112 inch iron rod found at a bend in County Road 427 at the most Northerly corner of
said 47.98 acre tract, being the Southeast corner of a called 65.543 acre tract of land described as Tract 7
in a Quitclaim Deed recorded at County Clerk File No. 96-0110244, said point also being the Southwest
comer of a called 25.024 acre tract of land described in a General Warranty Deed recorded in Volume
4942, Page 511 of said deed records, from which a PK nail set at the centerline intersection of County
Road 427 and County Road 376 bears North 00 deg. 00 min. 37 sec. West, 874.54 feet, said found 112
inch iron rod being the most Northerly corner hereof;
THENCE South 59 deg. 24 min. 09 sec. East generally along the center of County Road 427, the
Northeasterly line of said 47.98 acre tract and the Southwesterly line of said 25,024 acre tract a distance
of 577.27 feet to a 112 inch iron rod found in the center of County Road 427 at the common East corner
thereof, from which a 112 inch iron rod found in concrete on the North side of County Road 427 bears
North 33 deg. 06 min. 00 sec. East, 19.67 feet, said found 112 inch iron rod in the center of County Road
427 being the most Easterly corner hereof;
THENCE South 33 deg. 59 min. 07 sec. West along a Southeasterly line of said 47.98 acre tract, at 24.66
feet pass over a 112 inch iron rod found at a fence corner post and continuing generally along or near a
fence on a Southeasterly line of said 47.98 acre tract and a Northwesterly line of a called 24.722 acre
tract of 1130d described in a Warranty Deed recorded at County Clerk File No. 95-0083721 a distance of
892.84 feet to a 1 /2 inch iron rod found at a fence corner post at a common corner thereof;
THENCE South 61 deg. 56 min. 28 sec. West generally along or near a fence on a Southeasterly line of
said47.98 acre tract and a Northwesterly line of said 24.722 acre tract a distance of 1558.68 feet to a 112
inch iron rod found at a fence corner post at the common West corner thereof, said point being in the
East line of the Dallas Area Transit (DART) rail right-of-way (50 feet from centerline) said found 1/2
inch iron rod being the most Southerly corner hereof;
THENCE North 24 deg. 00 min. 42 sec. West generally along .or near a fence on the East line of said
DART rail right-of-way (50 feet from centerline) a distance of 1278.03 feet to a 112 inch iron rod found
therein at the Southwest corner of said 65.543 acre tract, said found 1 /2 inch iron rod being the
Northwest corner hereof;
THENCE North 76 deg. 53 min. 40 sec. East along the South line of said 65.543 acre tract, at 1.30 feet
pass over a 112 inch iron rod found at the Northwest corner of said 47.98 acre tract, and continuing
along the South line of said 65.543 acre tract and the North line of said 47.98 acre tract a distance of
1822.79 feet to a 1 /2 inch iron rod found at a common Easterly corner thereof, said found 1 /2 inch iron
rod being a Northerly corner hereof;
THENCE North 33 deg. 16 min. 07 sec. East along the Northwest line of said 47.98 acre tract and
the Southeast line of said 65.543 acre tract a distance of 223.15 feet to the Place of Beginning and
being calcL 1 lated to Contain 48.004 acres of land, more or less.