2018-024 Master Economic Development Agreement between the City, PEDC and American Spiralweld Pipe

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Metes and Bounds Description 88.58 Acres City of Paris Lamar County, Texas July 2018 Being 88.58 acres of land situated within the corporate limits of the City of Paris, being a part of the John Herrington Survey, Abstract Number 436 and a part of the Francis Morrison Survey, Abstract Number 592, said 88.58 acres being a part of a called 151.089 acre tract of land conveyed fram The Paris Texas Industrial Foundation, Inc to Paris Economic Development Corporation on November 18, 2003 by Gift Deed recorded in volume 1403, page 53 of the Official Public Records of Lamar County, Texas, all of a tract of land conveyed from Power Innovations Group, Inc to Paris Economic Development Corporation on October 12, 2016 by Warranty Deed recorded in Lamar County Clerk's Document Number 137424-2016 (no Exhibit A property description attached, originally part of the aforementioned called 151.089 acre tract), all of a called 14.41 acre tract of land conveyed from Marsha R. Russell to Paris Economic Development Corporation on April 28, 2008 by General Warranty Deed recorded in Lamar County CIerks Document Number 058950-2008 and all of Lot 1, Block C of the Northwest Paris Industrial Parkas shown on the Final Plat recorded in Envelope 386-C of the Plat Records of Lamar County Texas (said Lot I also originally part of the aforementioned called 151.089 acre tract of land). The said 88.58 acre tract fully described by metes and bounds as follows: Beginning at a % inch iron rod found at the southeast corner of the aforementioned called 14.41 acre Paris Economic Development Corporation (hereafter called PEDC) tract, said rod also being the southwest corner of a called 23.06 acre tract of land conveyed from Ben D. Faber, Jeffrey L. Faber and Sarah M Faber to Paris Economic Development Corporation on April 23, 2008 by Warranty Deed Recorded in Lamar County Clerk's Document Number 058803-2008, and said rod also being in the north right of way line of Campbell Street (variable width right of way); Thence S 89638'42" W, along the south boundary line of the aforementioned called 14.41 acre PEDC tract and the north right of way line of Campbell Street, a distance of 665.44 feet to a h inch capped [Nelson] iron rod found at the southwest corner of said called 14.41 acre PEDC tract and at the southeast corner of a tract of land conveyed from Thomas Johnson to Carolyn Johnson on March 26, 1996 by Warranty Deed recorded in volume 596, page 164 of the Real Property Records of Lamar County; Thence N 01 034'40" W, along the west boundary line of the aforementioned called 14.41 acre PEDC tract and along the east boundary line of the aforementioned Johnson tract, passing the northeast corner of said Johnson tract and the current most northern southeast comer of a called 9.75 acre tract of land conveyed from James R. Lane to Grady Finney on April 30, 1997 by deed recorded in volume 687, page 116 of the Real Property Records of Lamar County, and continuing on along the east boundary line of said Finney tract and said called 1.4.41 acre PEDC tract, for a total distance of 492.57 feet to a 5/a inch iron rod found at the northeast coiner of said Finney tract and at the most southern southeast corner of the aforementioned called 'IS 1.089 acre PEDC tract; Thence S 88°20'31" W, along the north boundary line of the aforementioned Finney tract and the most southern south boundary line of the aforementioned called 151.089 acre PEDC tract, at a distance of 958.36 feet passing a '/z inch capped iron rod set as witness and continuing on for at total distance of 983.36 feet to a point in a Lake/Tond for comer at the most southern southwest corner of said called 151.089 acre PEDC tract and said rod also being in the east boundary line of Cedar Hill Addition ash shown on the Plat of said addition recorded in Envelope 25-B of the Plat Records of Lamar County; Thence N 0045127" W, along the common boundary line of the aforementioned called 151.089 acre PEDC tract and the aforementioned Cedar Hill Addition, at a distance of 25.00 feet passing a 'A inch capped iron rod set as witness and continuing on for a total distance of 742.24 feet to a % inch iron rod found at an inner corner of said called 151.089 acre PEDC tract and at the northeast corner of said Cedar Hill Addition, and said rod also being the southeast corner of Lot 1, Block C of the aforementioned Northwest Paris Industrial Park; Thence N 8921 '42" W, along the north boundary line of the aforementioned Cedar Hill Addition, along a south boundary line of the aforementioned called 151,089 acre PEDC tract and along a south boundary line of the aforementioned Lot 1 Page 1 of S t