Res 2016-164/approving a Development Agreement between the City and Walton Texas LP, Walton Silver Crossing LP, Walton TX Austin Land LP, Walton TX Martindale LP, and Walton Texas Martindale LP 2 for approximately 2,358 acres out of the William Pettus Le

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FN NO. 14-206 (MJR) JUNE 12 , 2014 PAGE 7 OF 18 THENCE, leaving the northeasterly line of said 339 . 31 acre tract, along a portion of the southerly right-of-way line of the Union Pacific Railroad, the southerly right-of-way line of said Valley Way Drive, and the northerly line of said 91 . 99 acre tract, for a portion of the northerly line hereof, the following three (3) courses and distances : 1) S88°18' 23"E, a distance of 870 . 54 feet to an iron rod for an angle point hereof; 2) N82°39' 41"E, a distance of 454 . 88 feet to an angle point hereof; 3) N81°46' 58"E, a distance of 126 . 52 feet to the POINT OF BEGINNING, and containing an area of 1206 . 6 acres of land, more or less, within these metes and bounds . PART 2 - 1151.3 ACRES BEGINNING, at an iron rod with "UDG" cap found in the southwesterly right-of-way line of Valley Way Drive (R.O.W. varies) for the northerly corner of a 1 . 82 acre tract of land conveyed to Jethery Bohannon Et . Ux. By deed of record in Volume 240, Page 435 of said Official Public Records, the southeasterly corner of said 133 . 84 acre tract, and an angle point hereof; THENCE, S49°38 ' 37"W, leaving the southwesterly right-of-way line of Valley Way Drive, along the common line of said 1 . 82 acre tract and said 133 . 84 acre tract, a distance of 409 . 77 feet to a point in the northerly right-of-way line of the Union Pacific Railroad (100' R.O.W. ) ; THENCE, N87°55 ' 45"W, along the northerly right-of-way of said Railroad, a distance of 1952 . 56 feet to a point for the southwesterly corner of said 133 . 84 acre tract and the southeasterly corner of a 22 . 1 acre tract of land conveyed to Abel Garza Et . Ux. By deed of record in Volume 96 , Page 683 of said Official Public Records; THENCE, leaving the northerly right-of-way of said Railroad, along the common line of said 133 . 84 acre tract and said 22 . 1 acre tract, the following two (2) courses and distances : 1) N01°23 ' 47"E, a distance of 217 . 61 feet to and iron rod for an angle point hereof; 2) N41°22 ' 34"W, a distance of 2440 . 88 feet to a fence corner post in the southeasterly right-of-way line of F.M. 1984 (80' R.O.W. ) for the northerly corner of said 22 . 1 acre tract, the easterly corner of said 133 . 84 acre tract, and an angle point hereof;