1999-024-TURNER INTERNATIONAL PIPING SYSTEMS, TAX ABATEMENT AGREEMENT
RESOLUTION NO. QQ-n?4
WHEREAS, the City Council of the City of Paris has been presented a proposed
agreement by and between the City of Paris, Paris, Texas, and Turner International Piping
Systems, Inc, , establishing a reinvestment zone in the City of Paris, Paris, Texas, and providing
for a commercial and industrial tax abatement for certain improvements, a copy of which is
attached hereto and incorporated herein by reference hereinafter called "AGREEMENT"; and,
WHEREAS, upon full review and consideration of the AGREEMENT, and all matters
attendant and related thereto, the City Council is of the opinion that the terms and conditions
thereof should be approved, and that the Mayor should be authorized to execute it on behalf of the
City of Paris; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS
TEXAS:
1. That the terms and conditions of the proposed AGREEMENT, having been reviewed by
the City Council of the City of Paris and found to be acceptable and in the best interests
of the City of Paris and its citizens, be, and the same are hereby, in all things, approved,
2. That the Mayor is hereby authorized to execute the AGREEMENT and all other documents
in connection therewith on behalf of the City of Paris substantially according to the terms
and conditions set forth in the AGREEMENT.
3. That the terms of the Tax Abatement Agreement and the property the subject thereof meet
the Guidelines and Criteria heretofore adopted by the City of Paris that govern
Reinvestment Zone No, 7.
4. That, by hereby granting the tax abatement, there will be no substantial adverse effect on
the provision of City services or on its tax base,
5. That the planned use of the property the subject of the tax abatement will not constitute a
hazard to public safety, health, or morals.
6. That this approval and execution of the AGREEMENT on behalf of the City is not
conditional upon approval and execution of any other tax abatement agreement by any
other taxing entity.
7. That this resolution shall become effective from and after its passage.
PASSED AND ADOPTED this the 18th day of February, 1999.
ATTEST:
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
~~~
THE STATE OF TEXAS )
)
COUNTY OF LAMAR )
TAX ABATEMENT AGREEMENT
This agreement is entered into by and between the CITY OF PARIS, PARIS, TEXAS,
a municipal corporation, situated in Lamar County, Texas, acting by and through its Mayor,
Charles H. Neeley, duly authorized, hereinafter called CITY, and TURNER INTERNATIONAL
PIPING SYSTEMS, INC., acting by and through its Vice-President/Plant Manager, Tom
Glascock, Jr., duly authorized, hereinafter called OWNER.
WIT N E SSE T H:
WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of
February, 1999, pass Ordinance No. 99-011, establishing Reinvestment Zone No.7 in the City
of Paris, hereinafter called CITY, for commercial and industrial tax abatement, hereinafter
referred to as ORDINANCE, as authorized by the Property Redevelopment and Tax Abatement
Act, as amended, being V.T.C.A. Tax Code, Chapter 312; and,
WHEREAS, the City Council of the City of Paris did heretofore, on the 9th day of
November, 1998, in Resolution No. 98-156, elect to be eligible to participate in tax abatement
agreements in order to maintain and enhance the commercial and industrial economic and
employment base of the Paris area for the long term interest and benefit of the CITY and its
citizens: and,
WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of
February, 1999, in Resolution No, 99-016, pass and adopt a policy on tax abatement incentives;
and,
WHEREAS, the policy on tax abatement incentives constitutes appropriate guidelines and
criteria governing tax abatement agreements to be entered into by the CITY as required by the
Property Redevelopment and Tax Abatement Act, as amended; and,
WHEREAS, the contemplated use of the property, as hereinafter defmed, the contemplated
improvements to the property in the amount as set forth in this AGREEMENT, and the other
terms hereof are consistent with encouraging development of said Reinvestment Zone No, 7 in
accordance with the purposes for which it was created and are in compliance with the CITY's
policy on tax abatement incentives and the ordinance creating such reinvestment zone adopted by
the CITY and all applicable laws; NOW, THEREFORE,
The Parties hereto do mutually contract and agree as follows:
TAX ABATEMENT AGREEMENT ~ Page 1
f.XHIBIT A
I.
Term
1.1. The term of this AGREEMENT shall begin on the 8th day of February, 1999, with,
as hereinafter provided, tax abatement granted herein beginning with the tax year beginning
January 1, 2000, and expiring on December 31, 2006,
II.
Area to be Improved
2.1. The property to be the subject of this agreement shall be that property described by
metes and bounds in Exhibit A, attached hereto, which is made a part hereof and shall be
hereinafter referred to as PROPERTY.
III.
Improvements
3.1. The OWNER shall make improvements to the PROPERTY as follows: Retooling
and equipping the former Babcock & Wilcox facility. Such improvements will be made upon the
PROPERTY herein described and will consist of machinery and equipment for pipe fabrication,
bending, and painting, all of which will be particularly described in CITY'S Certificate of
Completion prepared after the completion and installation of the improvements and machinery
herein described which shall be furnished to and filed with the Chief Appraiser of Lamar County
and the Tax Assessor and Collector of the City of Paris. Said Certificate shall be duly executed
by the Mayor of the City of Paris and attached hereto as Exhibit B. The improvements described
in this paragraph shall be hereinafter referred to as IMPROVEMENTS. The IMPROVEMENTS
will be at a cost in excess of $2,000,000,00, and shall be substantially completed on or about
August 1, 1999; provided, that OWNER shall have such additional time to complete the
IMPROVEMENTS as may be required in the event of "force majeure" if OWNER is diligently
and faithfully pursuing completion of the IMPROVEMENTS. For this purpose, "force majeure"
shall mean any contingency or cause beyond the reasonable control of OWNER including, without
limitation, acts of God, or the public enemy, any natural disaster, war, riot, civil commotion,
insurrection, governmental or de facto governmental action, unless caused by acts or omissions
of OWNER, fires, explosions, accidents, floods, and labor disputes or strikes, The date of
completion of the IMPROVEMENTS shall be defined as the date a Certificate of Occupancy is
issued by the City of Paris.
IV.
Consideration
Improvements
4.1. The OWNER agrees and covenants that it will diligently and faithfully, in a good
and workmanlike manner, pursue the completion of the IMPROVEMENTS as a good and valuable
TAX ABATEMENT AGREEMENT ~ Page 2
consideration of this AGREEMENT, OWNER further covenants and agrees that all construction
of the IMPROVEMENTS will be in accordance with all applicable state and local laws, codes and
regulations or will procure a valid waiver thereof. In further consideration, OWNER shall
thereafter, from the date a Certificate of Occupancy is issued until the expiration of this
AGREEMENT, continuously operate and maintain the PROPERTY as a pipe fabrication facility.
V.
Consideration
Jobs
5.1. Not later than June 1, 2000, OWNER will create at least two hundred ninety-two
(292) new, permanent jobs at the Paris Plant for work to be performed substantially either (a) at
the site of the Improvements, or (b) in support of operations performed by others at the site of the
IMPROVEMENTS, Such jobs to be filled with priority being given to promote among equally
qualified job applicants the hiring of employees first from within the Enterprise Zone, second from
within the corporate limits of the City of Paris, and third from within the County of Lamar, State
of Texas, subject to the laws and regulations of the United States of America and the State of
Texas and subject to any labor contracts currently in effect and any successive contracts or past
practices,
5.2. OWNER agrees that, during that portion of the term of the AGREEMENT
occurring subsequent to January 1, 2007, it will not reduce below two hundred ninety-two (292)
the number of such new, permanent jobs so created.
VI.
Default
6.1. In the event that (a) the IMPROVEMENTS for which an abatement has been
granted are not completed in accordance with this AGREEMENT or (b) OWNER allows its ad
valorem taxes owed the CITY to become delinquent and fails to timely and properly follow the
legal procedures for protest or contest of any such ad valorem taxes; or (c) OWNER breaches any
of the terms and conditions of this AGREEMENT, then this AGREEMENT shall be in default,
In the event the OWNER defaults in its performance of either (a), or (b) or (c) above, then the
CITY shall give the OWNER written notice of such default and if the OWNER has not cured such
default with thirty (30) days of said written notice, or, if such default cannot be cured by the
payment of money and cannot, with due diligence, be cured within a ninety (90) day period due
to cause beyond the control of the OWNER, this AGREEMENT may be modified or terminated
by the CITY. Notice shall be in accordance with paragraph 13.3, As liquidated damages in the
event of default, all taxes which otherwise would have been paid to the CITY without the benefit
of abatement, together with interest to be charged at the statutory rate for delinquent taxes as
determined by Section 33.01 of the Property Tax Code of the State of Texas, with all penalties
permitted by the Property Redevelopment and Tax Abatement Act and the Property Tax Code of
the State of Texas, will become a debt to the CITY and shall be due, owing and paid to the CITY
TAX ABATEMENT AGREEMENT, Page 3
within sixty (60) days of the expiration of the above mentioned applicable cure period as the sole
remedy of the CITY subject to any and all lawful offsets, settlements, deductions, or credits to
which OWNER may be entitled. The parties acknowledge that actual damages in the event of
default and termination would be speculative and difficult to determine.
VII.
Tax Abatement
7,1. It is understood and agreed between the parties that the PROPERTY, also known
as Tax Reinvestment Zone Number 7, shall be appraised at market value prior to the construction
and installation of the IMPROVEMENTS for the purposes of property tax assessment effective
January 1, 2000, and continued at market value without said IMPROVEMENTS until the
expiration of this AGREEMENT. The CITY, acting under and pursuant to the said Texas
Property Redevelopment and Tax Abatement Act, hereby covenants and agrees to abate:
(a) all CITY real property taxes that would other wise be payable with respect to the
IMPROVEMENTS, and
(b) all CITY personal property taxes that would otherwise be payable with respect to
all personal property, save and except inventory and supplies, that is brought onto the
PROPERTY described in Exhibit "An as a part of the improvement project herein
described,
for a primary period of seven (7) years beginning January 1, 2000,
VIII.
No Conflict of Interest
8.1. The CITY represents and warrants that the PROPERTY does not include any
property that is owned by a member of the City Council approving, or having responsibility for
the approval of, this AGREEMENT.
IX.
Conditions
9.1. The terms and conditions of the AGREEMENT are binding upon the successors and
assigns of all parties hereto.
9,2. It is understood and agreed between the parties that the OWNER, in performing its
obligations hereunder, is acting independently, and the CITY assumes no responsibility or liability
in connection therewith to third parties and OWNER agrees to indemnify and hold harmless the
CITY therefrom; it is further understood and agreed among the parties that the CITY, in
performing its obligations hereunder, is acting independently, and the OWNER assumes no
TAX ABATEMENT AGREEMENT - Page 4
responsibility or liability in connection therewith to third parties and the CITY agrees to indemnify
and hold harmless the OWNER therefrom.
X.
Compliance Provisions
10.1. The OWNER further agrees that the CITY, its agents and employees, shall have
reasonable right of access to the property to inspect the IMPROVEMENTS in order to insure that
the construction of the IMPROVEMENTS are in accordance with this AGREEMENT and all
applicable state and local laws and regulations or valid waiver thereof, After completion of the
IMPROVEMENTS, the CITY shall have the continuing right to inspect the PROPERTY to insure
that it is thereafter maintained and operated in accordance with this agreement during the term of
the AGREEMENT, and OWNER shall provide evidence as to the creation of the two hundred
ninety-two (292) new, permanent jobs described in this Agreement. Representative of the CITY
inspecting the property and improvements shall sign an agreement promising to maintain the
confidentiality of any information they obtain in connection therewith except for the purposes of
assessing and collecting ad valorem taxes. Said representative shall also be required to observe
any facility rule and regulation applicable to the property,
XI.
Initial and Annual Reporting
11.1 The OWNER further agrees that it will, immediately upon completion of the
IMPROVEMENTS, provide CITY with a sworn report which contains the following information:
(a) Copy of the appraisal showing the market value without the IMPROVEMENTS as
required in paragraph 7,1;
(b) Detailed description of IMPROVEMENTS;
(c) Description of any miscellaneous items of office and plant equipment;
(d) Identification of plans and specifications of constructed improvements and the
location of the same for inspection by CITY's certification team;
(e) Actual cost of added machinery and equipment;
(f) Actual cost of capital IMPROVEMENTS; and,
(g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph
3.1 hereof.
TAX ABATEMENT AGREEMENT - Page S
11.2 The OWNER further agrees that it will provide CITY with an annual, sworn report
which contains the following information: (a) the name of original hiree in the newly created job,
date of hire, and place of residence of the hiree, and (b) statement as to whether or not the two
hundred ninety-two (292) new, permanent jobs are still in existence and filled, and (c) the name
of current employee in the newly created job, date of hire, and place of residence of the hiree.
Additionally, OWNER shall certify, in writing, that it is in compliance with each applicable term
of this agreement.
XII.
Authority to Contract
12.1. This AGREEMENT was authorized by resolution of the City Council at its
regularly scheduled meeting on the 18th day of February, 1999, authorizing the Mayor to execute
the AGREEMENT on behalf of CITY.
12.2. This AGREEMENT was entered into by OWNER pursuant to authority granted to
Tom Glascock, Jr., Vice-President/Plant Manager.
12,3. This AGREEMENT shall constitute a valid and binding AGREEMENT between
the CITY and OWNER when executed in accordance herewith, regardless of whether any other
taxing unit executes a similar agreement for tax abatement.
XIII.
Legal
13.1. No officer, official or agent of the CITY has the power to amend, modify or alter
this AGREEMENT or waive any of its conditions or to bind the CITY by making any promise or
representation not contained herein.
13.2 This AGREEMENT, except by operation of law, shall not be assigned or
transferred by OWNER, without the prior written consent of CITY, which consent shall be at the
sole discretion of the CITY,
13.3, Any written notice required or permitted under the terms of this AGREEMENT
shall be given and be deemed to have been duly served if either (1) delivered in person, or (2)
deposited certified mail, return receipt requested, postage prepaid in the United States mail,
addressed to the designated representative of the respective parties which are designated as
follows:
TAX ABATEMENT AGREEMENf. Page 6
OWNER
President
Turner International Piping Systems, Inc.
1200 19th Street S.W.
Paris, TX 75460
CITY
City Manager
City of Paris
P. O. Box 9037
Paris, Texas 75461-9037
With a copy to:
Plant Manager
Turner International Piping Systems, Inc,
1200 19th Street S.W.
Paris, TX 75460
With a copy to:
City Clerk
City of Paris
P. O. Box 9037
Paris, Texas 75461-9037
13.4. If any term or provision of this AGREEMENT shall be declared unconstitutional
or void by any court of competent jurisdiction, the constitutionality and validity of the remainder
of said AGREEMENT shall not be affected thereby, and to this end the terms and provisions of
said Agreement are declared to be severable.
13.5. This AGREEMENT sets forth the entire understanding between the parties, and any
other understandings or agreements shall be canceled and superseded by this AGREEMENT upon
the date of execution hereof. None of the terms of this AGREEMENT shall be waived,
discharged, altered or modified in any respect, except by an Agreement in writing signed by both
parties and specifically referring to this AGREEMENT. The captions in this AGREEMENT are
included for convenience only and shall not be taken into consideration in any construction or
interpretation of this AGREEMENT or any of its provisions. This AGREEMENT is performable
in Lamar County, Texas, and shall be governed by, construed and enforced in accordance with
the laws of the State of Texas. The provisions of this AGREEMENT shall apply to, bind and
inure to the benefit of the CITY, OWNER, and their respective successors, and permitted assigns,
if any,
Witness our hands this 18th day of February, 1999.
CITY OF PARIS, PARIS, TEXAS
By:
Charles H, Neeley, Mayor
ATTEST:
Mattie Cunningham, City Clerk
TAX ABATEMENT AGREEMENT - Page 7
APPROVED AS TO FORM:
Scott P. Foster, City Attorney
By:
ATTEST:
Secretary
TURNER INTERNATIONAL PIPING
SYSTEMS, INC.
Tom Glascock, Jr.
Vice-President/Plant Manager
TAX ABATEMENT AGREEMENT - Page 8
VANNOY & ASSOC., INC.
Surveyors - Planners
Ray L. Vannoy
Registered Professional Land Surveyor
Licensed State Land Surveyor
DESCRIPTION
69.24 Acres
'.
STATE OF TEXAS
COUNTY OF LAMAR
"~~'
BEING all that tract of land in Lamar County, Texas, and a part of the Asa Jarman
Survey, A-749, being composed of the following tracts of land conveyed to the Babcock
and Wilcox Company: ..
1) Part of that called 73.8 acres as described in Volume 320, Page 254;
2) Part of that called 20.42 acres as described in Volume 320, Page 246;
3) Part of that called 7.72 acres as described in Volume 334, Page 522;
4) All of that called 2.23 acres as described in Volume 323, Page 618;
5) All of that called 2.198 acres as described in Volume 559, Page 203;
6) Part of that called 3 acres as described in Volume 355, Page 589;
all recorded in the Deed Records of Lamar County, Texas, and being further described
as follows:
BEGINNING at a point in the South line of said 73.8 acres bearing North 76 degrees 30
minutes 00 seconds East, 498.79 feet from the Southwest corner of said 73.8 acres,
also being in the North line of the Texas and Pacific Railroad (100' RO,W.), a 1/2 inch
steel rod set for corner;
THENCE North 00 degrees 41 minutes 31 seconds East, 1451.26 feet to a 1/2 inch
steel rod set for corner in a fence;
THENCE South 75 degrees 03 minutes 29 seconds East with said fence, 413.36 feet,to
a 1/2 inch steel rod set for corner;
THENCE North 88 degrees 52 minutes 45 seconds East with said fence, 90.32 feet to a
1/2 inch steel rod set at a fence corner;
THENCE North 00 degrees 08 minutes 11 seconds West with said fence, 299.90 feet to
a 1/2 inch steel rod set at a fence corner;
THENCE North 89 degrees 36 minutes 49 seconds East, 180.31 feet to a 1/2 inch steel
rod set in said fence for corner;
THENCE North 03 degrees 43 minutes 25 seconds East, 429.67 feet to'a 1/2 inch steel
~~b~~ '
THENCE South 89 degrees 47 minutes 38 seconds East, 1289.43 feet to a 1/2 inch
steel rod set for corner;
719 West Front Street, Suite 239 - Tyler, Texas 75702 - 903 592-9920 Fax 903 592-0058 Toll Free 888-592-9920
EXHIBIT A
THENCE South 06 degrees 00 minutes 15 seconds East, 217,59 feet to a 1/2 inch steel
rod set for comer;
THENCE South 89 degrees 47 minutes 30 seconds East, 236.44 feet to a 1/2 inch steel
rod set in the Northwest line of 19th Street Southwest (120' R.O.w.);
THENCE Southwesterly along said street, 374.14 feet along a curve to the right having
a radius of 1085.92 feet (Chord bears South 23 degrees 37 minutes 33 seconds West,
372.29 feet) to a concrete monument found for point of tangency;
..~;t;.'
THENCE South 33 degrees 29 minutes 46 seconds West, 1433.76 feet along said
street to a 1/2 inch steel rod set at the intersection with the North line of said railroad;
THENCE South 76 degrees 30 minutes 00 seconds West (Reference), 1360.47 feet
along said railroad to the Point of Beginning, containing 69.24 acres of land,
The description shown hereon was prepared from an on-the-ground survey performed
under my supervision during the month of January, 1999.
January 14, 1999
~V1/'~
Ray L. Vannoy
R.P.L.S. No, 1988
VANNOY & ASSOC., INC.
Surveyors . Planners
Ray L. Vannoy
Registered Professional Land Surveyor
Licensed StBte Land Surveyor
DESCRIPTION
20.04 Acres
STATE OF TEXAS
COUNTY OF LAMAR
_,A'IIi;.'
BEING all that tract of land in Lamar County, Texas, and a part of the Asa Jarman
Survey, A-749, being composed of the following tracts of land conveyed to the Babcock
and Wilcox Company: ..
1) Part of that called 73.8 acres as described in Volume 320, Page 254;
2) Part of that called 20.42 acres as described in Volume 320, Page 246;
3) Part of that called 7.72 acres as described in Volume 334, Page 522;
all recorded in the Deed Records of Lamar County, Texas, and being further described
as follows: .
BEGINNING at a point in the West line of said 73.8 acres bearing North 00 degrees 39
minutes 36 seconds East, 1546.81 feet from the Southwest corner of said 73,8 acres, a
1/2 inch steel rod set for corner;
THENCE North 00 degrees 39 minutes 36 seconds East, 696.66 feet generally along a
fence to the Northwest corner of said 73.8 acres, a 1/2 inch steel rod set for corner;
THENCE South 89 degrees 58 minutes 02 seconds East, 2299.25 feet generally along a
fence to a 1/2 inch steel rod found at the Southwest corner of a 1.062 acre tract
described in a deed to Melvin D. Abbott recorded in Volume 691, Page 346 of the Deed
Records of Lamar County, Texas;
THENCE South 88 degrees 36 minutes 45 seconds East, 209.24 feet to a 3/8 inch steel
rod found at the Northwest corner of a 1.171 acre tract described in a deed to Fred L.
Blassingame recorded in Volume 588, Page 469 of the Deed Records of Lamar County,
Texas;
THENCE South 06 degrees 00 minutes 15 seconds East, 216,67 feet to the Southwest
corner of said 1.171 acres a 3/8 inch steel rod found for-corner;
THENCE South 89 degrees 47 minutes 30 seconds East, 202.40 feet to a concrete
monument found at the Southeast corner of said 1.171 acres, also being in the
Northwest line of 19th Street Southwest (120' R.O.w.);
.
THENCE Southwesterly along said street, 51.16 feet along a curve to the right having a
radius of 1085.92 feet (Chord bears South 12 degrees 24 minutes 21 seconds West,
51.16 feet) to 1/2 inch steel rod set for corner; .
719 West Front Street, Suite 239 - Tyler. Texas 75702 . 903 592-9920 Fax 903 592-0058 Toll Free 888-592-9920
THENCE North 89 degrees 47 minutes 30 seconds West, 236.44 feet to a 1/2 inch
steel rod set for comer;
THENCE North 06 degrees 00 minutes 15 seconds West, 217.59 feet to a"l/2 inch steel
rod set for corner;
THENCE North 89 degrees 47 minutes 38 seconds West, 1289.43 feet to a 1/2 inch
steel rod set for corner;
"
THENCE South 03 degrees 43 minutes 25 seconds West, 429,67 feet to a 1/2 inch
steel rod set for corner in a fence line;
THENCE South 89 Clegrees 36 minutes 49 seconds West with said fence, 180,31 feet to
a 1/2 inch steel rod set at a fence corner;
THENCE South 00 degrees 08 minutes 11 seconds East with said fence, 299,90 feet to
a 1/2 inch steel rod set at a fence corner;
THENCE South 88 degrees 52 minutes 45 seconds West with said fence, 90.32 feet to
a 1/2 inch steel rod set at a fence corner;
THENCE North 75 degrees 03 minutes 29 seconds West with said fence, 431.62 feet to
a 1/2 inch steel rod set for corner;
THENCE South 86 degrees 51 minutes 47 seconds West, 467,78 feet to a 1/2 inch
steel rod set in the West line of said 73.8 acres;
THENCE North 00 degrees 39 minutes 36 seconds East with said line, 696.66 feet to
the Point of Beginning, containing 20.04 acres of land.
Bearings based upon a call of South 76 degrees 30 minutes 00 seconds West for the Texas and
Pacific Railroad.
The description shown hereon was prepared from an on-the-ground survey performed
under my supervision during the month of January, 1999.
January 14, 1999
e~~~
Ray L. Vannoy
R.P.L.S, No. 1988
VANNOY & ASSOC., INC.
Surveyors . Planners
Ray L. Vannoy
Registered Professional Land Swveyor
Licensed Stat. Land Surveyor
DESCRIPTION
16.69 Acres
STATE OF TEXAS
COUNTY OF LAMAR
.,'~'
BEING all that tract of land in Lamar County, Texas, out of the Asa Jarman Survey,
A-749, being a part of that called 73.8 acres conveyed to the Babcock and Wilcox
Company as described'in Volume 320, Page 254 of the Deed Records of Lamar County,
Texas, and being further described as follows:
BEGINNING at the Southwest corner of said 73.8 acres, also being in the North line of
the Texas and Pacific Railroad (100' R.O.w.), a 1/2 inch steel rod set for comer;
THENCE North 00 degrees 39 minutes 36 seconds East, 1546.81 feet generally along a
fence to a 1/2 inch steel rod set in the West line of said 73.8 acres;
THENCE North 86 degrees 51 minutes 47 seconds East, 467.78 feet generally along a
fence to a 1/2 inch steel rod set at a bend in said fence;
THENCE South 75 degrees 03 minutes 29 seconds East with said fence, 18.25 feet to a
1/2 inch steel rod set for corner;
THENCE South 00 degrees 41 minutes 31 seconds West, 1451.26 feet to a 1/2 inch
steel rod set in the North line of said Railroad;
THENCE South 76 degrees 30 minutes 00 seconds West (Reference), 498.79 feet
along said railroad to the Point of Beginning, containing 16,69 acres of land.
The description shown hereon was prepared from an on-the-ground survey performed
under my supervision during the month of January, 1999,
January 14, 1999
,e~U/'~
Ray L. Vannoy
R.P.L.S. No. 1988
.','5 . 719 West Front street, Suite 239 . Tyler, Texas 75702 - 903 592-9920 Fax 903 592-0058 Toll Free 888-592.9920
, .":