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Ordinance No. 10,758ORDINANCE NO. 10,758 AN ORDINANCE OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE AND THE CITY CLERK TO ATTEST TO AN INDUSTRIAL DISTRICT AGREEMENT WITH NRG CEDAR BAYOU DEVELOPMENT COMPANY, LLC, AND ENERGYCO CEDAR BAYOU 4, LLC; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ***************************************************************************** BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes and directs the Mayor and City Clerk of the City of Baytown to execute and attest to an Industrial District Agreement with NRG Cedar Bayou Development Company, LLC, and EnergyCo Cedar Bayou 4, LLC. A copy of said Industrial District Agreement is attached hereto, marked Exhibit "A" and incorporated herein for all intents and purposes. Section 2: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative/Vbte of the City Council of the City of Baytown this the 19th day of November, 2007. ST^PHENTT DONCARLOS, Mayor NACIO RAMIREZ, SR^pity Attorney R:\Karcn\FiIcs\City Council\Ordinanccs\2007\Novcmber 19\IDAOrdinanceNRG.doc Industrial District Agreement This Industrial District Agreement ("Agreement") is made and entered into between the City of Baytown, Texas, a municipal corporation in Harris and Chambers Counties, Texas, hereinafter also referred to as "Baytown" or "City," and NRG Cedar Bayou Development Company, LLC, a Delaware limited liability corporation, and EnergyCo Cedar Bayou 4, LLC. a Delaware limited liability corporation, hereinafter referred to as "Property Owners." In consideration of the promises and of the mutual covenants and agreements herein contained, it is agreed by and between the City and Property Owners as follows: This Agreement is made under the authority of Texas Local Government Code Annotated §42.044 (Vernon 1993), article XI, §5 of the Texas Constitution and other applicable law. The parties to the Agreement and their addresses are: 1. The "City" City of Baytown Attn: City Manager P.O. Box 424 Baytown, TX 77522 Copy to: City of Baytown Attn: City Attorney P.O. Box 424 Baytown, TX 77522 2. The "Property Owners" NRG Cedar Bayou Development Company, LLC Attn: David Greeson 1301 McKinney, Suite 2300 Houston, TX 77010 EnergyCo Cedar Bayou 4, LLC Attn: President 4100 International Plaza MS-FW93 Fort Worth, TX 76109 Tax Statement Address: NRG Cedar Bayou Development Company, LLC Attn: David Greeson 1301 McKinney, Suite 2300 Houston, TX 77010 EnergyCo Cedar Bayou 4, LLC Attn: President 4100 International Plaza MS-FW93 Fort Worth, TX 76109 A II. Identification of Property and Industrial District This Agreement includes provisions concerning certain real estate and tangible personal property owned or leased by the Property Owners. Real estate located outside the corporate limits of the City is sometimes referred to herein as the "affected area," and it is described in Exhibit A, which is attached to this Agreement and made a part hereof. Acting pursuant to the above mentioned authority, the City Council of the City has by ordinance, designated the affected area as an industrial district, the same to be known as Baytown Industrial District No 3 (the "Industrial District"). III. Term The term of this Agreement is seven tax years, from 2007 through 2014, unless it is sooner terminated under the provisions hereof. This Agreement shall be effective and binding on the parties hereto upon execution hereof on behalf of the parties to this Agreement. rv. Limited Immunity from Annexation bv the City In consideration of the obligations of the Property Owners herein set forth, the City hereby guarantees for the term of this Agreement the immunity of the affected area from annexation of any type by the City except for such parts of the affected area as may be necessary to annex property owned by third parties within the Industrial District that the City may decide to annex. Additionally, this Agreement shall not affect the continuation of any limited purpose annexation status to which the affected area is now subject. V. Industrial District Payment As part of the consideration for the City's undertakings as set forth above, the Property Owners agree to pay to the City on or before December 31st of each year during the term hereof a sum of money equal to the Base Value Industrial District Payment plus the Added Value Industrial District Payment. The sum of the Base Value Industrial District Payment plus the Added Value Industrial District Payment shall be referred to as the Industrial District Payment. Each Industrial District Payment under this Agreement is the joint and severable liability of NRG Cedar Bayou Development Company, LLC and EnergyCo Cedar Bayou 4, LLC. A. Base Value Industrial District Payment The Base Value Industrial District Payment shall be calculated as follows: (1) the fair market value as determined by the City, of all of the Property Owners' land and all other tangible property, real, personal or mixed, within the affected area, which is stipulated herein to be EIGHTY THOUSAND AND NO/100 (2) DOLLARS ($80,000.00) hereinafter referred to as the "Base Year," less the fair market value in the Base Year as determined by the City of that portion of the Property Owners' property, real, personal and mixed, which was located within the industrial district on the effective date of this agreement and subsequently annexed by the City, the difference of which is hereinafter referred to as the "Base Year Value," multiplied by the property tax rate per $100.00 of assessed valuation adopted by the City Council for the City, multiplied by the applicable industrial district payment rate as detailed below. The applicable Base Value Industrial District Payment Rate shall be determined using the applicable chart hereinbelow: (1) if the Property Owners purchased Property from an owner having an industrial district agreement with the City, which: a. was entered into on or after July 27,2002, b. included all or any portion of the Property, c. is in effect on the first day of the term hereof, and d. is fully paid for the year prior to the first payment becoming due hereunder, then the following chart shall be used and the rate shall be based upon the payment year of the prior owner's industrial district agreement: The Base Value Industrial District Payment Rate shall be .60 for each year which extends beyond the industrial district agreement of the previous owner. (2) otherwise, the following chart shall be used: B. Added Value Industrial District Payment The Added Value Industrial District Payment shall be calculated as follows: (1) the fair market value as determined by the City, of all of the Property Owners' land and all other tangible property, real, personal or mixed, within the affected area on January 1 of each year in which an Industrial District Payment is due hereunder minus the Base Year Value, hereinafter referred to as the "Added Value," multiplied by (2) the property tax rate per $100.00 of assessed valuation adopted by the City Council for the City for each year of the term of this Agreement, multiplied by the applicable added value industrial district payment rate detailed below. The applicable Added Value Industrial District Payment Rate shall be determined using the following chart: If the formula used in calculating the Added Value Industrial District Payment produces a negative number, then the Added Value Industrial District Payment shall be $0.00. VI. Valuations For the purpose of providing a procedure for determining and collecting the amounts payable by the Property Owners hereunder, there are hereby adopted and made a part hereof all provisions of the Constitution and statutes of the State of Texas pertaining to ad valorem taxation as amended throughout the term of this Agreement (including, in particular, the Texas Property Tax Code), except, however, that (i) to the extent that any of such provisions would require the assessment of the Property Owners' property on an equal and uniform basis with property in the general corporate limits of the City, the provisions of this Agreement will control where in conflict with the provisions of such laws and (ii) the income method of appraisal as described in Section 23.012 of the Texas Property Tax Code shall not be limited to only properties for which a rental market exists. Specifically, nothing contained herein shall limit the income method of appraisal specified in Section 23.012 of the Texas Property Tax Code to only properties for which a rental market exists, instead if such method is used, the chief appraiser shall: 1. use income and expense data pertaining to the property, if possible and applicable 2. make any projections of future income and expenses only from clear and appropriate evidence; 3. use data from generally accepted sources in determining an appropriate capitalization rate; 4. determine a capitalization rate for income-producing property that includes a reasonable return on investment, taking into account the risk associated with the investment. A. Valuation of Property Inside the Corporate Limits The appraised value of the Property Owners' property, real, personal and mixed, which was located within the industrial district on the effective date of this agreement and subsequently annexed by the City shall be finally determined by the Chambers County Appraisal District or its legal successor (or through administrative or judicial appeal of the Chambers County Appraisal District's determination) in accordance with state law. B. Valuation of Property Outside the Corporate Limits The parties hereto recognize that the Chambers Appraisal District is not required to appraise the land, improvements, and tangible property, real or mixed, in the affected area, which is not within the corporate limits of the City, for the purpose of computing the payments hereunder. Therefore, the parties agree that to determine the fair market value of all of the Property Owners' land, improvements, and tangible property located outside the corporate limits of the City in accordance with the market value computation contemplated in the Texas Property Tax Code for the purpose of calculating the Property Owners' payment in the manner described above, the City may choose to use the appraised value for each year in which an Industrial District Payment is due hereunder, as finally determined by the Chambers County Appraisal District (or through administrative or judicial appeal of the Chambers County Appraisal District's determination), or by appraisal conducted by the City and/or by an independent appraiser of the City's selection, and at the City's expense. Nothing contained herein shall ever be construed as in derogation of the authority of an appraisal district to establish the appraised value of land, improvements, and tangible personal property in the annexed portion for ad valorem tax purposes. C. Binding Effect Determination of the Base Year Value and the Added Value shall be made by the City and approved by the Industrial Appraisal Review Board. Such final fair market value as approved by the Industrial Appraisal Review Board shall be final and binding unless either party within thirty (30) days after receipt of the Board's determination petitions for a Declaratory Judgment to the Civil District Court of Harris County, Texas, as provided for by Section XIII hereof. In determining the fair market value of property and improvements as used herein, the Industrial District Appraisal Board shall base its determination on the fair market value as defined in Section VI herein, giving due consideration to comparable present day facilities considering and giving effect to sound engineering valuation practices relative to service life, life expectancy, process and functional obsolescence. D. Statements The City shall mail one statement to the Property Owners on or about December 1 of each year showing the total amount due on December 31 of such year pursuant to this Agreement. Such statement shall be mailed to the "Tax Statement Address" noted in this Agreement. Any amounts due on December 31 that are not paid when due shall become delinquent on January 1 of the following year. Provided, however, if the tax statement is mailed after December 10, the delinquency date is postponed to the first day of the next month that will provide a period of at least 21 days after the date of mailing for payment of the amount due. Delinquent amounts shall be immediately subject to the same penalties, interest, attorneys' fees and costs of collection as recoverable by the City in the case of delinquent ad valorem taxes. The City shall have a lien upon the Property Owner's land within the affected area upon any delinquency in the Industrial District Payment. E. Valuation Contests If any differences concerning the appraised values shall not have been finally determined by the due date of the Property Owners' payment hereunder and the Property Owners desire to pursue any additional available remedies, the Property Owners shall, without prejudice to such remedies, pay to the City by December 31 of each year (subject to the exception in the preceding paragraph for statements mailed after December 10), such amount as is provided in the Texas Property Tax Code, as amended throughout the term of this Agreement, for payments made under such conditions by owners of property within the general corporate limits of the City subject to ad valorem taxation. Any refund payable by the City to the Property Owners hereunder shall be paid within 60 days after receipt by the City of both the appraisal district's form notification that the appraised value of the property has been reduced and a written refund request by the Property Owners; if not paid timely, the refund amount shall bear interest at eight percent per annum beginning 60 days after the City received both the Property Owners' written refund request and the appraisal district's formal notification that the appraised value of the Dronertv has heen roHiiroH rr property has been reduced. VII. Compliance with Law The City and the Property Owners mutually recognize that the health and welfare of Baytown residents require adherence to high standards of quality in the air emissions, water effluents and noise, vibration and toxic levels of those industries located in the Industrial District and that development within the District may have an impact on the drainage of surrounding areas. To this end, the Property Owners and the City agree that the same standards and criteria relative to noise, vibration and toxic levels and drainage and flood control which are adopted by the City and made applicable to portions of the City adjacent to the Industrial District shall also be applicable to the affected area. The Property Owners agree that any industrial or other activity carried on within the affected area will be constructed in strict compliance with all applicable valid state and federal air and water pollution control standards. If the Property Owners' property within the affected area is subject to the Occupational Safety and Health Act, 29 U.S.C. 65, et seq., as amended, then the Property Owners shall undertake to ensure that its facilities and improvements in the affected area comply with the applicable fire safety standards of such act and the resolutions from time to time promulgated hereunder (the "OSHA Standards"), but there shall be no obligation to obtain any permits of any kind from the City in connection with the construction, operation or maintenance of improvements and facilities in the affected area not located within the corporate limits of the City. Nonetheless, for construction which commences after the execution of this Agreement, the Property Owners agree that any structure built within the affected area shall be built in accordance with the building code adopted by the City in effect at the time of construction. The City and the Property Owners recognize that activities in the City's industrial districts are subject to regulation by other governmental entities, including the state and federal governments and their various departments and agencies. The City and the Property Owners also recognize that the City may have an interest in activities in the City's industrial districts that are regulated by other governmental entities. Nothing in this Agreement is intended to limit the City's right and authority to communicate its interest in, or opposition to, those activities to the applicable regulatory agencies or to participate, to the extent allowed by law, in any related administrative or judicial proceeding. VIII. Inspections The Chief Appraiser of the Chambers County Appraisal District and the City or its independent appraiser shall have the same right to enter and inspect the Property Owners' premises and the same right to examine the Property Owners' books and records to determine the value of the Property Owners' properties as provided in the Texas Property Tax Code as amended. IX. Default A. Default bv Property Owners In the event of default by the Property Owners in the performance of any of the terms of this Agreement, including the obligation to make the payments above provided for, the City shall have the option, if such default is not fully corrected within sixty (60) days from the giving of written notice of such default to the Property Owners to either (i) declare this Agreement terminated or (ii) continue the term of this Agreement and collect the payments required hereunder. Notwithstanding any to the contrary contained herein, should the City determine the Property Owners are in default according to the terms and conditions of Section VII hereof, the City shall notify the Property Owners in writing by U.S. Mail, certified return receipt requested, at the address stated in this Agreement, and if such default is not cured within sixty (60) days from the date of such notice (the "Cure Period") then such failure to cure shall constitute a material breach of this Agreement; provided that, in the case of a default under Section VII for causes beyond the Property Owners' control that cannot with due diligence be cured within such sixty (60) day period or in the event that the failure to cure results from ongoing negotiations with federal or state officials, administrative proceedings or litigation regarding the necessary cure steps, then the cure period shall be extended until such negotiations, administrative proceedings or litigation are concluded. B. Default bv Citv In the event of default by the City, the Property Owners may, if such default is not fully corrected within 60 days from giving written notice of such default to the City, terminate this Agreement. Upon such termination, both the Property Owners and the City shall be relived of all further obligations hereunder, but the Property Owners shall not be relieved of the obligation to pay any amounts that accrued prior to such termination. In the event of termination, the City shall have the right to repeal the ordinance designated the affected area as an industrial district. Provided, however, if the termination occurs as a result of the City's exercising its option to terminate (as provided in the first sentence of this Section IX), the City shall not have the right to annex the affected area into the general corporate limits of the City so as to subject the affected area to ad valorem taxes for any part of the period covered by the Property Owners' last payment hereunder. X. Notice Any notice to the Property Owners or the City concerning the matters to which the Agreement relates may be given in writing by registered or certified mail addressed to the Property Owners or the City at the appropriate respective addresses set forth on the cover page of this Agreement. Any such notice in writing may be given in any other manner. If given by registered or certified mail, the notice shall be effective when mailed. With the exception of annual bills for payments due herein, notice given in any other manner shall be effective when received by the Property Owners or the City, as the case may be. 8 XI. No Further Expansion of Taxing Jurisdiction Nothing herein contained shall be construed to change or enlarge the jurisdiction power or authority of the City over or with respect to the affected area as prescribed by applicable law except as specifically provided in this Agreement. The Property Owners shall not be obligated by virtue of this Agreement, or the establishment of the industrial district covering the affected area not within the corporate limits of the City, to make any payments to the City in the nature of a tax or assessment based upon the value of the Property Owners' property in the affected area during the term of this Agreement other than the payments specified herein. Specifically, the Property Owners shall not be liable for any City taxes within the affected area, including, without limitation, City ad valorem taxes on taxable property within the affected area. XII. Reimbursement for Services If the Property Owners request and receive mutual aid firefighting assistance and is a member of Channel Industries Mutual Aid organization ("CIMA") or similar organization, the Property Owners shall reimburse the City for costs incurred by the City in providing' fire protection services to the Property Owners as shall be provided in the charter, bylaws and agreements pursuant to which CIMA or such similar organization is organized and operates. If the Property Owners request and receive mutual aid firefighting assistance and is not a member of CIMA or a similar organization, then the Property Owners shall be required to reimburse the City for costs actually expended by the City in providing any firefighting assistance to the Property Owners, including chemical and personnel costs. j XIII. Declaratory Judgment Action | If any disagreement arises between the parties concerning the interpretation of this Agreement, it is agreed that either of the said parties may petition any Civil District Court of Harris County, Texas, for a Declaratory Judgment determining said controversy and the cause shall be tried as other civil causes. If the controversy affects an Industrial District Payment, the Property Owners shall, pending final determination of said controversy, pay to the City on the due date the same amount which was paid to the City for the last preceding period as to which there was no controversy concerning the amount owed by the Property Owners to the City. The Property Owners agree to tender any additional amount of disputed Industrial District Payment into the registry of the Civil District Court, Harris County, Texas, pending final determination of the; controversy beyond any further appeal. XIV. No Assignment ; This Agreement shall not bestow any rights upon any third party, but rather, shall bind and; benefit the Property Owners and the City only. If the Property Owners convey all or any partjof the property then covered hereby, the Property Owners shall notify the City within 30 days o f the conveyance. > If such notice is given and the grantee in such transaction enters into an Industrial District Agreement with the City with respect to the property involved, the Property Owners shall cease to be obligated with respect to the property so conveyed and the Base Year Value plus the Added Value shall be apportioned between the Property Owners and the grantee based upon the property conveyed. > If such notice is given and the grantee in such transaction is the State of Texas (the "State"), the Property Owners shall remain obligated for the Base Year Value plus the Added Value, including the leasehold estate and personalty retained by the Property Owners. No right or obligation under this agreement may be sold, assigned or transferred. XV. Authority The Property Owners covenant that they have the authority to enter into this agreement by virtue of being either the legal or equitable owner of a possessory estate (including a leasehold estate) in the land comprising the affected area. Additionally, the officers executing this Agreement on behalf of the parties hereby represent that such officers have full authority to execute this Agreement and to bind the party he represents. XVI. No Municipal Services It is agreed that during the term of this Agreement, the City is under no obligation to provide any governmental, proprietary or other municipal services to the affected area. Specifically, but without limitation, it is'agreed that the City shall not be required to furnish (1) sewer or water service, (2) police protection, (3) fire protection (4) road or street repairs, and (5) garbage pickup service. XVII. Severabilitv If any provision of this Agreement, or any covenant, obligation or agreement contained herein, including, without limitation, that term hereof, is determined by a court to be invalidated or unenforceable, such provision, covenant, obligation or agreement shall be reformed so as to comply with applicable law. If it is not possible to so reform such provision, covenant obligation or agreement, such determination shall not affect any other provision, covenant, obligation or agreement, each of which shall be construed and enforced as if the invalid or unenforceable portion were not contained herein. Provided, further that such invalidity or unenforceability shall not affect any valid and enforceable provision thereof, and each such provision, covenant, obligation or agreement shall be deemed to be effective, operative, made, entered into or taken in the manner and to the full extent permitted by law. Notwithstanding the above, if the application of this Section XVII requires the reformation or revision of any term that removes or materially diminishes the obligation of the Property Owners to make the payments to the City described herein (except in the event of a reformation that shortens the term of this Agreement), the City shall have the option to declare this Agreement terminated. 10 XVIII. Complete Agreement This Agreement contains all the agreements of the parties relating to the subject matter hereof and is the full and final expression of the agreement between the parties. XIX. Non-waiver Failure of either party hereto to insist on the strict performance of any of the agreements herein or to exercise any rights or remedies accruing thereunder upon default or failure of performance shall not be considered a waiver of the right to insist on and to enforce by an appropriate remedy, strict compliance with any other obligation hereunder to exercise any right or remedy occurring as a result of any future default or failure of performance. XX. Ambiguities In the event of any ambiguity in any of the terms of this Agreement, it shall not be construed for or against any party hereto on the basis that such party did or did not author the same. XXI. Headings The headings appearing at the first of each numbered section in this Agreement are inserted and included solely for convenience and shall never be considered or given any effect in construing this Agreement or any provision hereof, or in connection with the duties, obligations ors liabilities of the respective parties hereto or in ascertaining intent, if any question of intent should arise. XXII. Choice of Law: Venue This Agreement shall in all respects be interpreted and construed in accordance with and governed by the laws of the State of Texas and the City, regardless of the place of its execution or performance. The place of making and the place of performance of this Agreement for all purposes shall be Harris County, Texas. XXIII. Agreement Read The parties acknowledge that they have read, understand and intend to be bound by the terms and conditions of this Agreement. 11 IN WITNESS WHEREOF, this Agreement is executed in multiple counterparts on behalf of NRG Cedar Bayou Development Company, LLC this day of , 2007; on behalf of Energyco Cedar Bayou 4, LLC this day of , 2007; and on behalf of the City this day of , 2007. NRG CEDAR BAYOU DEVELOPMENT COMPANY, LLC ATTEST: Secretary Printed Name Title ENERGYCO CEDAR BAYOU 4, LLC By. Printed , G><ne**£u*> Title ATTEST: Secretary 12 CITY OF BAYTOWN STEPHEN H. DONCARLOS, Mayor ATTEST: LORRICOODY, City Clerk APPROVED AS TO FORM: IGNACIO RAMIREZ, SR., City Attorney RHONDA L. YOUNG, Direfcior of Finance R:\Jeanenc\My Documents\Coniracts\[DA\NRGCcdarBayou&EncrgyCoCcdarBayouIDA2007.doc 13 EXHIBIT A FIELD NOTES FOR A 13.520 ACRES (588,931 SF) SEVERANCE SURVEY COMPLETED JUNE 14, 2007 execmed 15My2005,ndrecordedinVolume801, P»e= 519ofbeJd OfficS °* * re"ei"n'"' C™er f°' ** SM i24A" °*™ « *" te»" N 67-51-20-E a, if S.'f" l0"»" f ■taw «i eis, line of ibis herein described me. and Continuins ihroush said 324.435 a ^iT^Sb^rSr ^ M ptaic iden(itoiio"cip sMi)ed •■survcon' inc -acres ' inc - THENCE: N 77a49'27" E along a north line of this herein described tract and continuing through said 324.435 acres ot land for a distance of 310.00 feet to a 5/8" iron rod with plastic identification cap stamped "SURVCON [NC " set ..cr,™^™,°^e herei" described tract of land and frc"n which an iron rod with plastic identification cap stamped "SURVCON, INC." found bears N 10° 17*31" Eat a distance of 284.07 feet; THENCE: S 12°1O'33" E along an east line of this herein described tract and continuing through said 324 435 acres of land fora distance of 320.00 feet to a 5/8" iron rod with plastic identification cap stamped "SLmVCON INC " set for the southeast corner of the herein described tract of land; THENCE: S 77°49'|?7" THENCE: N12°1O'33" THENCE: N 12>1 Prepared by: SURVCON INC. 5757 Woodway Houston, Texas 77057 Ph. 713-780-4123 Job No. 60024374.11 June 14,2007 Revised: June 25,2007 ^f^^cherein *«*ed tract and continuing through said ™ 43S W at a dunance of 1232.48 feet; July 03,2007 THE STATE OF TEXAS-COUNTY OF HARRIS ion and DESCRIPTION OF COOLING TOWER PARCEL FIELD NOTES FOR A 0.712 ACRES (31,000 SF) SEVERANCE SURVEY COMPLETED JUNE 26,2007 Being 0.712 acres (31,000 SF) of land ostensibly lying wholly within the Christian Smith League, Abstract 22, Chambers County, Texas and being out of and a part of that certain 324.435 acres of land described in "Deed of Trust" by NRG TEXAS LP. to Fidelity National Title Insurance Company, Trustee, dated 21 November 2006, and recorded in Volume 917, Page 447 of the official Public Records of Chambers County, Texas, said 324.435 acres being a remainder of that certain 413.081 acres of land described in "Deed" from Reliant Energy, Incorporated to Texas Genco Holdings, Inc., executed 31 August 2002, and recorded in Volume 575, Page 835 of said Official Public Records of Chambers County and Chambers County Clerks File Number 6952B and being more particularly described by metes and bounds as follows: (The courses, distances, and areas shown herein and on the corresponding plat conform to the Texas State Plane Coordinate System, North American Datum 1983 HARN South Central Zone Grid, and were based on the position of a found concrete monument with brass disk having a Grid values of Northing (Y) = 13842928.39 feet and Easting (X) = 3260502.20 feet, Plant Grid values of N=669.00 E= 130.00, and the position of a second found concrete monument with brass disk bearing S 12°10'33" E at a Grid distance of 1248.99 feet and having Grid values of Northing (Y) = 13841707.50 feet and Easting (X) = 3260765.62 feet. Plant Grid values of S=580.00 E=130.00, and were established by survey grade global positioning equipment) (All distances shown hereon and on the corresponding plat are Grid and can be converted to surface by dividing by the applied scale factor of 0.9998892.) (All corners called for as being set are marked on the ground with 5/8" diameter iron rods with plastic identification caps stamped "SURVCON, INC." attached unless otherwise noted or shown.) BEGINNING at a 5/8" iron rod with plastic identification cap stamped "SURVCON, INC." found marking, the northwest comer of a previously surveyed 13.520 acres tract of land and also being the southwest corner of this herein described tract of land and lying inside said 324.435 acres of land and from which said concrete monument with brass disk bears S 56°46'54" W at a distance of 1305.37 feet and from which the northeast corner of said 324.435 acres of land bears N 63°48'56" E at a distance of 4169.31 feet and also from which an iron rod with plastic identification cap stamped "SURVCON, INC." found marking an exterior corner for that certain 28.822 acres tract of land described in "Schedule 1" as "CBY-TANK-C02" in "Special Warranty Deed" from Texas GENCO II, LP, to TG Pipeline, L.P., executed 15 July 2005, and recorded in Volume 801, Page 519 of the said Official Public Records Chambers County, Texas, and a re-entrant comer for the said 324.435 acres of land bears N 67°51 *29" E at a distance of 1084.74 feet and ; also from which an "X" cut in concrete found marking the southwest corner of said 13.520 acres tract of land bears S J 12°10'33"E at a distance of 655.00 feet: THENCE: N l2°10'33" W along the west line of this herein described tract of land and through said 324.435 acres of [land for a distance of 62.00 feet to a 5/8" iron rod with plastic identification cap stamped "SURVCON, INC." set for the northwest corner of the herein described tract of land; THENCE: N 77°49'27" E along the north line of this herein described tract of land and continuing through said 324.435 acres of land for a distance of 500.00 feet to a 5/8" iron rod with plastic identification cap stamped "SURVCON, INC." set for the northeast corner of the herein described tract of land; THENCE: S 12° 10*33" E along the east line of this herein described tract and continuing through said 324.435 acres of land for a distance of 62.00 feet to a 5/8" iron rod with plastic identification cap stamped "SURVCON, INC." set for the southeast corner of the herein described tract of land and being in the north line of said 13.520 acres tract of land and from which a 5/8" iron rod with plastic identification cap stamped "SURVCON, INC." found marking the northeast corner of said 13.520 aces tract of land bears N 77°49'27" E at a distance of 150.00 feet: THENCE: S 77°49'27" W along the north line of said 13.520 acres tract of land and being the south line of this herein described tract of land and continuing through said 324.435 acres of land for a distance of 500.00 feet to the POINT OF BEGINNING and containing 0.712 acres (31,000 SF) of land within the herein described boundary as determined by a survey performed by SURVCON, INC. and completed on July 26, 2007. Prepared by: SURVCON INC. 5757 Woodway Houston, Texas 77057 Ph.713-780-4123 Job No. 60024374.11 July 25, 2007 THE STATE OF TEXAS: COUNTY OF HARRIS ll is hereby certified that the foregoing field note description and Attached plat were prepared from an actual on the ground survey Made by personnel working under my direct supervision and that Same are true and correct according to same said survey. Steven M. Coleman-Regnlered Professional Land Surveyor No. 5063