Res 2013-079/Approving a Partial Assignment of a Development Agreement from Craddock Avenue Partners, LLC to Capstone Collegiate Communities LLC

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el: V0 P�4 1,3028582 OPR 4728 661 EXHIBIT' ' CAPSTONE PROPERTY FIELD NOTE DESCRIPTION OF 35.429 ACRES OF LAND OUT OF THE THOS. JEFFERSON CHAMBERS SURVEY ABSTRACT No. 2 AND THE JOHN WILLIAMS SURVEY, ABSTRACT No. 471, BOTH IN HAYS COUNTY, TEXAS, AND BEING A PORTION OF THAT CERTAIN (174.27 ACRE) TRACT OF LAND AS CONVEYED TO CRADDOCK AVENUE PARTNERS, L.L.C. BY GENERAL WARRANTY DEED RECORDED IN VOLUME 3198 PAGE 68 OF THE OFFICIAL PUBLIC RECORDS OF HAYS COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING FOR REFERENCE at a capped iron rod found (marked "Bymn) at an angle corner of that certain (174.27 acre) tract of land as conveyed to Craddock Avenue Partners, L.L.C. by General Warranty Deed recorded in Volume 3198, Page 68 of the Official Public Records of Hays County, Texas, and for the Southeast corner of Lot 5, Block B, Section One Bishop Crossing Subdivision, a subdivision in Hays County, Texas, according to the map or plat thereof recorded in Volume 9 Page 261 of the Plat Records of Hays County, Texas, and from which a 60D nail found for the Southwest corner of Lot 9, Block C, of said Section One Bishop Crossing Subdivision, bears S 86 deg. 16'45" W 576.44 ft., and also from which a capped iron rod found (marked "Byrn ") in the curving South right -of -way line of Bishop Street for the Northeast corner of Lot 1, Block B, of said Section One Bishop Crossing Subdivision bears N 03 deg. 5 P 12" W 353.26 ft.; THENCE entering the interior of said Craddock Avenue Partners (174.27 acre) tract, S 03 deg. 58'40" E 85.76 ft. to a %," iron rod set with a plastic cap imprinted "Holt Carson, Inc." for an angle corner and the PLACE OF BEGINNING of the herein described tract; THENCE continuing across the interior of said Craddock Avenue Partners (174.27 acre) tract with a Northeasterly line of this tract, S 47 deg. 03' 06" E 109.21 ft. to a' /V iron rod set with a plastic cap imprinted "Holt Carson, Inc" for a Northeasterly angle comer of this tract, same being a point in the Northwesterly right -of- way line of Craddock Lane as described in General Warranty Deed to the City of San Marcos as recorded in Volume 3753, Page 565 of the Official Public Records of Hays County, Texas; THENCE continuing across the interior of said Craddock Avenue Partners (174.27 acre) tract with the Northwesterly right -of -way line of Craddock Lane and with the Southeasterly line of this tract, the following six (6) courses; 1) along a curve to the left with a radius of 994.00 ft. for an arc length of 175.56 ft. and which chord bears S 37 deg. 41'38" W 175.33 ft. to a' /2" iron rod set with a plastic cap imprinted "Holt Carson, Inc." at a point of tangency; 2) S 32 deg, 38' 03" W 196.28 ft to a iron rod set with a plastic cap imprinted "Holt Carson, Inc." at a point of curvature; 3) along a curve to the right with a radius of 916.00 ft. for an arc length of 217.16 ft. and which chord bears S 39 deg. 25133" W 216.65 ft, to a'' /a' iron rod set with a plastic cap imprinted "Holt Carson, Ina" at a point of tangency; 4) S 46 deg. 13'02" W 176.40 ft. to a' /2" iron rod set with a plastic cap imprinted "Holt Carson, Inc." at a point of curvature;