2015-002 - Declaring city-owned property as surplus, more specifically described as 12.662 acres of land at Paris Cox Field Airport situated within the limit of the City of Paris...

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Beginning at a nail (t) for corner at the Southeast corner of a called 10 acre tractor land conveyed to D. Joe Gribble et ux by deed recorded in Vol. 271, Page 61, in the Real Property Records of said County and State, said Gribble 10 acre tract originally being part of said City of Paris 1552.97 acre tract. Thence North 0° 19'35" West (reference bearing) a distance of 1024.97 feet to a nail (0 for comer at the Northeast corner of said Gribble 10 acre tract; Thence South 89 °58'21" West along the North Boundary Line of said Gribble 10 acre tract a distance of 125.19 feet to a 3.5" metal post (f) for corner of said Citv of Paris 1.552.97 acre tract and at the Southeast corner of a calledl.311 acre tract of land conveyed to Douglas W. Cato et ux by deed recorded in Vol. 687, Page 264, in said Real Property Records: Thence North 0`22'56" chest with a fence a distance of 188.09 feet to a 3" metal post (f) for corner at the Northerly Northwest corner of said City of Paris 1552.97 acre tract, at the Northeast corner of said Cato 1.311 acre tract, and in the South Boundary Line of a called 1.84 acre tract of land conveyed to Douglas W. Cato et ux by deed recorded in Vol. 266, Page 234, in said Real Property Records; Thence with a fence along the Northerly North Boundary Line of said City of Paris 1552.97 acre tract as follows: North 86 °56'29" East a distance of 101.78 feet to a 3.5" metal post (f) at the Southeast corner of said Cato 1.84 acre tract and at the Southwest corner of a called 102.83 acre tract of land conveyed to Coston Investment Co., LTD, by deed recorded in Vo. 781, Page 8, in said Real Property Records; North 87 036'32" East along the South Boundary Line of said Coston 102.83 acre tract a distance of 296.20 feet to a %" capped (NELSON SURVEYING) iron pin (s) for corner; Thence South 0 119'35" East a distance of 1520.05 feet to a'' /:" capped (NELSON SURVEYING) iron pin (s) for corner; Thence South 89 °54'53" West a distance of 669.12 feet to a W capped (NELSON SURVEYING) iron pin (s) for corner; Thence along the East Boundary Line of Farm Road 1508 / Airport Road as follows: North 0° 19'57" West a distance of 82.84 feet to a concrete marker (f); Northerly around a curve (11= 5769.58', C =North 0 058'39" West 152.75') to the left a distance of 152.75 feet to a concrete marker (f) North 1144'44" West a distance of 54.20 feet to a %z" capped (NELSON SURVEYING) iron pin (frs) for corner at the Southwest corner of said Gribble 10 acre tract. Thence North 89 °54'53" East a distance of 399.90 feet to the place of beginning and containing 12.662 acres of land. By its acceptance of this Deed of Release the (Airport Owner) covenants and agrees for itself, its successors and assigns, to comply with and observe all of the conditions and limitations hereof, which are expressly limited to the above - described real property.