Res 2018-060/approving the terms and conditions of two subordination agreements between the City of San Marcos, Compass Bank and Berry Aviation, Inc. to secure Compass Bank's lien as superior in regards to aircraft and aircraft components purchased with

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DESCRIPTION OF 28,, 860 SQUARE FEET, MORE I OR LES OF LAND AREA IN THE WILLIAM PETTUS0 K LEAGUE CITY OF SAN ACOS,, CALDWELL COUNTY, TEXAS, BEING A PORTION OF THAT TRACT DESCRIBED AS 1303.055 ACRES IN A DEED FROM THE UNITED STATES OF AMERICATO THE, CITY OF SAN MARCOS DATED FEBRUARY 18, 1.966 AND RECORDED IN VOLUME 313, PAGE 463 OF THE CALDWELL COUNTY DEED RECORDS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AM BOUNDS AS FOLLOWS: COMMENCING at a chiseled "X" found in concrete in the approximate northeast line of that tract described as 3.489 acres in a lease agreement from the City of. San Marcos to GT+3 Flight Operations, Inc. dated January 10, 1984 and recorded in Volume � the Cal 472, Page 36 of . dwell County Deed Records for an interior corner in the south line of the City of San Mardis 1303.0 55 acre tract and the north Corner of that tract described as "Tract Two - 11-050 acres"' in a deed from the United States of America to the City of San Marcos dated February 26, 1976 and recorded in Volume 376, Page 257 of the Caldwell County Deed Records, from which a %', iron rod found in a seam, in concrete for another interior corner in the south. line Of the City of San Marcos 1.303.055 acre tract and east corner of the City of San Marcos 11.050 acre tract bears s 2so, 26, -0: t 011 E being the Bearing Basis for this description) 375.92 feet; THENCE Crossing the GT+3 3.489 acre lease tract with the common south line of the City of San Marcos 13.03.055 acre tract and northwest line of. the City of San, Tract Two, S. Soo 00, Marcos 11.1)50 acre southwest 00" W 413.88 feet to a point in the .line of the GT+33.489 acre lease tract; THENCE leaving the City Of San Marcos 11..050. acre tract entering the City of San Marcos 1303.055 acre tract with the southwest.line of the GT+3 3.489 acre lease tract, N 25" 341 4711 W 39,.19 feet to a %11 iron rod set for the east corner .'and PLACE OF BEGINNING of this tract; THENCE leaving the GT+3 3-489acre tract and the PLACE OF BEGINNING as shown on that platu n mbered 24603-99 02-b dated February 17, 1959 as Prepared for Berry Aviation by Byrn & Associates, Inc. of San Marcos, Texas, S 64" 25' 13" W 120.00 feet to a iron rod set for the south corner of this tract; THENCE N 250 341 47" W 240.50 feet to a %ti iron rod set for the West corner of this tract; THENCE N 640 25, 13m E 120.00 feet to a %o iron rod set in the southwest line of the GT+3 3..489 acre lease tract corner of this tract, from which an for the north 1% iron rod found with an aluminum Swart" cap for the west corner of the GT+3 3.489 acre lease tract bears N 250 341 471, W 87-89 feet; M.