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 17 OF 18 THENCE, N41°20 ' 20"W, leaving the northerly right-of-way line of the Union Pacific Railroad, along the northeasterly right-of-way line of Valley Way Drive and southerly line of said 239 . 035 acre tract, a distance of 429 .48 feet to an angle point; THENCE, S48°39 ' 40"W, leaving southerly line of said 239 . 035 acre tract, over and across Valley Way Drive a distance of 51 . 67 feet to the POINT OF BEGINNING, containing an area of 1168 .438 acres (50, 897, 146 square feet) of land, more or less, within these metes and bounds, SAVE AND EXCEPT THEREFROM the aforementioned 15 . 354 acre tract of land described as follows : COMMENCING, at a 1/2 inch iron rod found in northerly right-of- way line of the Union Pacific Railroad for the southerly corner of said 59 . 828 acre tract and being in the easterly line of said 239 . 035 acre tract; THENCE, N45°14 ' 35 "W, leaving the northerly right-of-way line of the Union Pacific Railroad and the southerly corner of said 59 . 828 acre tract, over and across said 239 . 035 acre tract, a distance of 944 . 36 feet to the POINT OF BEGINNING, being the southerly corner of said 15 . 354 acre tract and hereof; THENCE, along the common lines of said 239 . 035 acre tract, said 15 . 354 acre tract and hereof, the following four (4) courses and distances : 1) N41°44 ' 44"W, a distance of 760 . 00 feet to a point for the westerly corner of said 15 . 354 acre tract and hereof; 2) N48°15 ' 16"E, a distance of 880 . 00 feet to a point for the northerly corner of said 15 . 354 acre tract and hereof; 3) 841°44 ' 44"E, a distance of 760 . 00 feet to a point for the easterly corner of said 15 . 354 acre tract and hereof; 4) N48°15 ' 16"E, a distance of 880 . 00 feet to the POINT OF BEGINNING, containing an area of 15 . 354 acres (668, 800 square feet) of land, more or less, within these metes and bounds and FURTHER SAVE AND EXCEPT THEREFROM the aforementioned the 1 . 790 acre tract of land described as follows : ; COMMENCING, at a fence corner post for the northerly corner of said 239 . 035 acre tract, being an angle point in the easterly line of said 70 . 540 acre tract; THENCE, N31°58 ' 37"W, leaving the northerly corner of said 239 . 035 acre tract, over and across said 70 . 540 acre tract, a distance of 176 . 88 feet to a fence corner post for the POINT OF BEGINNING, being the easterly corner of said 1 . 790 acre tract and hereof;