Bill Text: TX HB4691 | 2019-2020 | 86th Legislature | Enrolled


Bill Title: Relating to the creation of the Travis County Municipal Utility District No. 25; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2019-06-10 - Effective immediately [HB4691 Detail]

Download: Texas-2019-HB4691-Enrolled.html
 
 
  H.B. No. 4691
 
 
 
 
AN ACT
  relating to the creation of the Travis County Municipal Utility
  District No. 25; granting a limited power of eminent domain;
  providing authority to issue bonds; providing authority to impose
  assessments, fees, and taxes.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subtitle F, Title 6, Special District Local Laws
  Code, is amended by adding Chapter 8025 to read as follows:
  CHAPTER 8025. TRAVIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 25
  SUBCHAPTER A. GENERAL PROVISIONS
         Sec. 8025.0101.  DEFINITIONS. In this chapter:
               (1)  "Board" means the district's board of directors.
               (2)  "Commission" means the Texas Commission on
  Environmental Quality.
               (3)  "Director" means a board member.
               (4)  "District" means the Travis County Municipal
  Utility District No. 25.
         Sec. 8025.0102.  NATURE OF DISTRICT. The district is a
  municipal utility district created under Section 59, Article XVI,
  Texas Constitution.
         Sec. 8025.0103.  CONFIRMATION AND DIRECTOR ELECTION
  REQUIRED. The temporary directors shall hold an election to
  confirm the creation of the district and to elect five permanent
  directors as provided by Section 49.102, Water Code.
         Sec. 8025.0104.  CONSENT OF MUNICIPALITY REQUIRED. The
  temporary directors may not hold an election under Section
  8025.0103 until each municipality in whose corporate limits or
  extraterritorial jurisdiction the district is located has
  consented by ordinance or resolution to the creation of the
  district and to the inclusion of land in the district.
         Sec. 8025.0105.  FINDINGS OF PUBLIC PURPOSE AND BENEFIT.
  (a) The district is created to serve a public purpose and benefit.
         (b)  The district is created to accomplish the purposes of:
               (1)  a municipal utility district as provided by
  general law and Section 59, Article XVI, Texas Constitution; and
               (2)  Section 52, Article III, Texas Constitution, that
  relate to the construction, acquisition, improvement, operation,
  or maintenance of macadamized, graveled, or paved roads, or
  improvements, including storm drainage, in aid of those roads.
         Sec. 8025.0106.  INITIAL DISTRICT TERRITORY. (a) The
  district is initially composed of the territory described by
  Section 2 of the Act enacting this chapter.
         (b)  The boundaries and field notes contained in Section 2 of
  the Act enacting this chapter form a closure. A mistake made in the
  field notes or in copying the field notes in the legislative process
  does not affect the district's:
               (1)  organization, existence, or validity;
               (2)  right to issue any type of bond for the purposes
  for which the district is created or to pay the principal of and
  interest on a bond;
               (3)  right to impose a tax; or
               (4)  legality or operation.
  SUBCHAPTER B. BOARD OF DIRECTORS
         Sec. 8025.0201.  GOVERNING BODY; TERMS. (a) The district is
  governed by a board of five elected directors.
         (b)  Except as provided by Section 8025.0202, directors
  serve staggered four-year terms.
         Sec. 8025.0202.  TEMPORARY DIRECTORS. (a) The temporary
  board consists of:
               (1)  Steven Stein;
               (2)  Keith Darden;
               (3)  Ruby Clotiere;
               (4)  Monica Hale; and
               (5)  Curtis K. Dyer.
         (b)  Temporary directors serve until the earlier of:
               (1)  the date permanent directors are elected under
  Section 8025.0103; or
               (2)  the fourth anniversary of the effective date of
  the Act enacting this chapter.
         (c)  If permanent directors have not been elected under
  Section 8025.0103 and the terms of the temporary directors have
  expired, successor temporary directors shall be appointed or
  reappointed as provided by Subsection (d) to serve terms that
  expire on the earlier of:
               (1)  the date permanent directors are elected under
  Section 8025.0103; or
               (2)  the fourth anniversary of the date of the
  appointment or reappointment.
         (d)  If Subsection (c) applies, the owner or owners of a
  majority of the assessed value of the real property in the district
  may submit a petition to the commission requesting that the
  commission appoint as successor temporary directors the five
  persons named in the petition. The commission shall appoint as
  successor temporary directors the five persons named in the
  petition.
  SUBCHAPTER C. POWERS AND DUTIES
         Sec. 8025.0301.  GENERAL POWERS AND DUTIES. The district
  has the powers and duties necessary to accomplish the purposes for
  which the district is created.
         Sec. 8025.0302.  MUNICIPAL UTILITY DISTRICT POWERS AND
  DUTIES. The district has the powers and duties provided by the
  general law of this state, including Chapters 49 and 54, Water Code,
  applicable to municipal utility districts created under Section 59,
  Article XVI, Texas Constitution.
         Sec. 8025.0303.  AUTHORITY FOR ROAD PROJECTS. Under Section
  52, Article III, Texas Constitution, the district may design,
  acquire, construct, finance, issue bonds for, improve, operate,
  maintain, and convey to this state, a county, or a municipality for
  operation and maintenance macadamized, graveled, or paved roads, or
  improvements, including storm drainage, in aid of those roads.
         Sec. 8025.0304.  ROAD STANDARDS AND REQUIREMENTS. (a) A
  road project must meet all applicable construction standards,
  zoning and subdivision requirements, and regulations of each
  municipality in whose corporate limits or extraterritorial
  jurisdiction the road project is located.
         (b)  If a road project is not located in the corporate limits
  or extraterritorial jurisdiction of a municipality, the road
  project must meet all applicable construction standards,
  subdivision requirements, and regulations of each county in which
  the road project is located.
         (c)  If the state will maintain and operate the road, the
  Texas Transportation Commission must approve the plans and
  specifications of the road project.
         Sec. 8025.0305.  COMPLIANCE WITH MUNICIPAL CONSENT
  ORDINANCE OR RESOLUTION. The district shall comply with all
  applicable requirements of any ordinance or resolution that is
  adopted under Section 54.016 or 54.0165, Water Code, and that
  consents to the creation of the district or to the inclusion of land
  in the district.
  SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS
         Sec. 8025.0401.  ELECTIONS REGARDING TAXES OR BONDS. (a)
  The district may issue, without an election, bonds and other
  obligations secured by:
               (1)  revenue other than ad valorem taxes; or
               (2)  contract payments described by Section 8025.0403.
         (b)  The district must hold an election in the manner
  provided by Chapters 49 and 54, Water Code, to obtain voter approval
  before the district may impose an ad valorem tax or issue bonds
  payable from ad valorem taxes.
         (c)  The district may not issue bonds payable from ad valorem
  taxes to finance a road project unless the issuance is approved by a
  vote of a two-thirds majority of the district voters voting at an
  election held for that purpose.
         Sec. 8025.0402.  OPERATION AND MAINTENANCE TAX. (a) If
  authorized at an election held under Section 8025.0401, the
  district may impose an operation and maintenance tax on taxable
  property in the district in accordance with Section 49.107, Water
  Code.
         (b)  The board shall determine the tax rate. The rate may not
  exceed the rate approved at the election.
         Sec. 8025.0403.  CONTRACT TAXES. (a) In accordance with
  Section 49.108, Water Code, the district may impose a tax other than
  an operation and maintenance tax and use the revenue derived from
  the tax to make payments under a contract after the provisions of
  the contract have been approved by a majority of the district voters
  voting at an election held for that purpose.
         (b)  A contract approved by the district voters may contain a
  provision stating that the contract may be modified or amended by
  the board without further voter approval.
  SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS
         Sec. 8025.0501.  AUTHORITY TO ISSUE BONDS AND OTHER
  OBLIGATIONS. The district may issue bonds or other obligations
  payable wholly or partly from ad valorem taxes, impact fees,
  revenue, contract payments, grants, or other district money, or any
  combination of those sources, to pay for any authorized district
  purpose.
         Sec. 8025.0502.  TAXES FOR BONDS. At the time the district
  issues bonds payable wholly or partly from ad valorem taxes, the
  board shall provide for the annual imposition of a continuing
  direct ad valorem tax, without limit as to rate or amount, while all
  or part of the bonds are outstanding as required and in the manner
  provided by Sections 54.601 and 54.602, Water Code.
         Sec. 8025.0503.  BONDS FOR ROAD PROJECTS. At the time of
  issuance, the total principal amount of bonds or other obligations
  issued or incurred to finance road projects and payable from ad
  valorem taxes may not exceed one-fourth of the assessed value of the
  real property in the district.
         SECTION 2.  The Travis County Municipal Utility District No.
  25 initially includes all the territory contained in the following
  area:
         DESCRIPTION OF 568.22 ACRES OF LAND IN THE D&W RR CO. SURVEY
  NO. 101, THE M.F. CAMPBELL SURVEY NO. 98, AND THE W.B. CORWIN SURVEY
  NO. 189, TRAVIS COUNTY, TEXAS; SAID 568.22 ACRES OF LAND BEING AREA
  OF THE RESIDENTIAL LOTS AND STREETS OF THE PROPOSED MARSHALL'S
  VISTA SUBDIVISION AND BEING ALL OF A CALLED 0.439 ACRE TRACT
  DESCRIBED AS TRACT 2, A PORTION OF A CALLED 533.312 ACRE TRACT
  DESCRIBED AS TRACT 1, AND BEING ALL OF A CALLED 6.336 ACRE TRACT
  DESCRIBED AS TRACT 3, 25.408 ACRE TRACT DESCRIBED AS TRACT 4 AND A
  1.903 ACRE TRACT DESCRIBED AS TRACT 5, DESCRIBED IN DEEDS TO
  MARSHALL'S VISTA, LTD, OF RECORD IN DOCUMENT NO. 2000200222 AND
  DOCUMENT NO. 2001039121, OFFICIAL PUBLIC RECORDS OF TRAVIS COUNTY,
  TEXAS, AND ALL OF A 1.815 ACRE TRACT AND A PORTION OF A 3.721 ACRE
  TRACT DESCRIBED IN A DEED TO STEVEN MORSE, TRUSTEE OF RECORD IN
  DOCUMENT NO. 1999139961, OFFICIAL PUBLIC RECORDS OF TRAVIS COUNTY,
  SAVE AND EXCEPT 207.59 ACRES OF LAND BEING LOTS 117-G THROUGH 126-G
  (GOLF COURSE LOTS) AND LOT 130-FS OF THE SAID PROPOSED MARSHALL'S
  VISTA SUBDIVISION FOR A NET AREA OF 360.63 ACRES; SAID 360.63 NET
  ACRES OF LAND, AS SHOWN ON LOOMIS AUSTIN, INC. PLAN NO. 3084-C,
  BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
         BEGINNING at a 5/8-inch iron rod found for the most western
  corner of said 533.312 acre tract, same being in the east line of a
  called 101.00 acre tract described in a deed to Lago Vista
  Independent School District of record in Volume 13174, Page 3008,
  Real Property Records of Travis County, Texas, being the north
  corner of Lot 74, Marshall's Harbor, a subdivision according to the
  plat of record in Document No, 200000248, Official Public Records
  of Travis County, Texas, being the most western corner and POINT OF
  BEGINNING of the tract described herein;
         THENCE, with the west line of said 533.312 acre tract, the
  following eleven (11) courses and distances:
  1.  N 28° 33' 16" E, a distance of 134.52 feet to a 1/2-inch iron rod
  found,
  2.  N 29° 44' 31" E, a distance of 302.92 feet to a 1/2-inch iron rod
  found,
  3.  N 27° 37' 31" E, a distance of 694.17 feet to a 5/8-inch iron rod
  found,
  4.  N 23° 01' 06" E, a distance of 298.86 feet to a 5/8-inch iron rod
  found,
  5.  N 06° 39' 54" E, a distance of 95.69 feet to a 5/8-inch iron rod
  found,
  6.  N 01° 18' 13" E, a distance of 148.31 feet to a 5/8-inch iron rod
  found,
  7.  N 00° 20' 35" E, a distance of 148.14 feet to a 5/8-inch iron rod
  found,
  8.  N 03° 13' 17" W, a distance of 197.02 feet to a 5/8-inch iron rod
  found,
  9.  N 04° 41' 22" W, a distance of 174.43 feet to a 5/8-inch iron rod
  found,
  10.  N 13° 17' 17" W, a distance of 120.49 feet to a 5/8-inch iron
  rod found, and
  11.  N 17° 52' 27" W, a distance of 11.14 feet to a 1/2-inch iron rod
  found for the south corner of said 0.439 acre tract and an angle
  point in the west line of the tract described herein
         THENCE with the west line of said 0.439 acre tract the
  following three (3) courses and distances:
  1.  N 15° 05' 02" W, a distance of 119.06 feet to a 1/2-inch iron rod
  found,
  2.  N 19° 41' 55" W a distance of 63.38 feet to a 1/2-inch iron rod
  found, and
  3.  N 23° 29' 38" W, a distance of 100.20 feet to a 1/2-inch iron rod
  found for the west corner of said 0.439 acre tract and the northwest
  corner of the tract described herein;
         THENCE, S 63° 09' 41" E, with the north line of said 0.439 acre
  tract, a distance of 209.55 feet to a 1/2-inch iron rod found for
  the east corner of said 0.439 acre tract, being an angle point in
  the west line of said 533.312 acre tract and an angle point in the
  north line of the tract described herein;
         THENCE N 28° 50' 50" E, with the west line of said 533.312 acre
  tract, a distance of 1,777.55 feet to a 1/2-inch iron rod found for
  an angle point;
         THENCE N 29° 05' 46" E, continuing with the west line of said
  533.312 acre tract, a distance of 325.26 feet to a 1/2-inch iron rod
  found for the northwest corner of said 533.312 acre tract and being
  the northwest corner of the tract described herein;
         THENCE with the north line of said 533.312 acre tract the
  following three (3) courses and distances:
  1.  S 62° 01' 05" E a distance of 1,197.02 feet to a 1/2-inch iron
  rod found for an angle point in the north line of said 533.312 acre
  tract,
  2.  S 61° 56' 25" E a distance of 969.37 feet to a 1/2-inch iron rod
  found for an angle point in the north line of said 533.312 acre
  tract,
  3.  S 61° 58' 36" E a distance of 2,486.35 feet to a 1/2-inch iron
  rod found for the northeast corner of said 533.312 acre tract, being
  the northwest corner of Lot 18, Marshall's Point, a subdivision
  according to the plat of record in Document No. 19990289, Official
  Public Records of Travis County, Texas, and being the most northern
  northeast corner;
         THENCE S 28° 00' 37" W, with the east line of said 533.132 acre
  tract, same being the west line of said Marshall's Point
  subdivision, at a distance of 1,141.82 feet pass a 1/2-inch iron rod
  found for the southwest corner of Lot 19, said Marshall's Point, and
  continuing across said 533.132 acre tract for a total distance of
  1,196.71 feet to a 1/2-inch iron rod with plastic cap stamped "LAI"
  set in the north line of public right-of-way easement described in
  Document Nos. 1999045815 and 2000127760, Official Public Records of
  Travis County, Texas, said right-of-way easement known as
  Marshall's Point Drive;
         THENCE with the north line of said right-of-way easement,
  being the arc of a curve to the right an arc distance of 151.21 feet,
  having a radius of 1,730.00 feet and a chord bearing S 70° 58' 12" E a
  distance of 151.16 feet to a 1/2-inch iron rod found for a corner in
  the south line of said Lot 19, and being the west corner of a called
  0.184 acre tract dedicated for additional public right-of-way by
  the final plat of said Marshall's Point subdivision;
         THENCE S 53° 19' 56" E continuing with the south line of said
  Marshall's Point, same being the south terminus of Marshall's Point
  Drive as dedicated by said final plat of Marshall's Point, for a
  distance of 451.75 feet to a 1/2-inch iron rod found in the south
  line of said public right-of-way easement described in Document
  Nos. 1999045815 and 2000127760, Official Public Records of Travis
  County, Texas;
         THENCE with the south line of said right-of-way easement,
  being a curve to the left, an arc distance of 599.54, having a
  radius of 1,670.00 feet and a chord bearing N 63° 36' 51" W a
  distance of 596.33 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set for corner;
         THENCE S 21° 37' 03" W, leaving the south ROW line of said
  easement and crossing said 533.312 acre tract, a distance of 284.12
  feet to a 1/2-inch iron rod set for corner;
         THENCE with the north and east line of said 533.312 acre
  tract, said 1.903 acre tract, said 25.408 acre tract, and said 6.336
  acre tract, the following thirty (30) courses and distances:
  1.  S 54° 50' 47" E a distance of 246.76 feet to a calculated angle
  point,
  2.  S 54° 26' 18" E a distance of 323.03 feet to a calculated angle
  point,
  3.  S 54° 57' 45" E, a distance of 73.48 feet to a calculated angle
  point,
  4.  S 41° 50' 04" E, a distance of 298.92 feet to a calculated angle
  point;
  5.  S 47° 40' 07" W, a distance of 250.00 feet to a calculated angle
  point,
  6.  S 69° 32' 50" W, a distance of 182.51 feet to a calculated angle
  point,
  7.  S 18° 28' 05" E, a distance of 312.23 feet to a 1/2-inch iron rod
  found for an angle point,
  8.  S 18° 48' 27" E, a distance of 199.40 feet to a 1-inch iron pipe
  found for an angle point,
  9.  S 75° 58' 36" E, a distance of 167.44 feet to a 1-inch iron pipe
  found for an angle point,
  10.  S 03° 30' 58" W, a distance of 91.15 feet to a 1-inch iron pipe
  found for an angle point,
  11.  N 78° 56' 36" W, a distance of 126.63 feet to a 1-inch iron pipe
  found for an angle point,
  12.  S 43° 57' 53" W, a distance of 169.13 feet to a 1-inch iron pipe
  found for an angle point,
  13.  S 51° 52' 46" W, a distance of 36.85 feet to a 1-inch iron pipe
  found for an angle point,
  14.  S 07° 32' 45" E, a distance of 259.13 feet to a 1-inch iron pipe
  found for an angle point,
  15.  S 07° 39' 29" E, a distance of 73.40 feet to a 1-inch iron pipe
  found for an angle point,
  16.  S 29° 53' 51" W, a distance of 82.19 feet to a 1-inch iron pipe
  found for an angle point,
  17.  S 59° 11' 09" W, a distance of 114.76 feet to a 1-inch iron pipe
  found for an angle point,
  18.  S 68° 39' 00" W, a distance of 129.56 feet to a 1-inch iron pipe
  found for an angle point,
  19.  S 69° 10' 41" W, a distance of 119.97 feet to a 1-inch iron pipe
  found for an angle point,
  20.  S 23° 48' 38" W, a distance of 104.01 feet to a 1-inch iron pipe
  found for an angle point,
  21.  S 23° 46' 33" W, a distance of 98.90 feet to a 1-inch iron pipe
  found for an angle point,
  22.  S 38° 49' 03" W, a distance of 96.75 feet to a 1-inch iron pipe
  found for an angle point,
  23.  S 40° 34' 29" W, a distance of 100.13 feet to a 1-inch iron pipe
  found for an angle point,
  24.  S 26° 32' 54" W, a distance of 100.17 feet to a 1-inch iron pipe
  found for an angle point,
  25.  S 26° 48' 44" W, a distance of 100.29 feet to a 1-inch iron pipe
  found for an angle point,
  26.  S 26° 49' 23" W, a distance of 204.20 feet to a 1/2-inch iron
  rod found for an angle point,
  27.  S 79° 08' 18" W, a distance of 35.87 feet to a 1-inch iron pipe
  found for an angle point,
  28.  S 80° 12' 16" W, a distance of 33.60 feet to a 1/2-inch iron rod
  found for an angle point,
  29.  S 56° 27' 34" W, a distance of 38.06 feet to a 1-inch iron pipe
  found for an angle point, and
  30.  S 31° 00' 56" W, a distance of 72.23 feet to a 1-inch iron pipe
  found, for the southeast corner of said 25.408 acre tract, and being
  the southeast corner of the tract described herein;
         THENCE, with the south line of said 25.408 acre tract, the
  following four (4) courses and distances:
  1.  N 55° 12' 54" W, a distance of 115.53 feet to a 1/2-inch iron rod
  found for an angle point,
  2.  N 40° 30' 23" W, a distance of 191.74 feet to a 1/2-inch iron rod
  found for an angle point,
  3.  N 72° 16' 50" W, at 42.18 feet passing a 1/2-inch iron rod with
  plastic cap stamped "LAI" set, for a total distance of 45.92 feet to
  a 1/2-inch iron rod found for an angle point, and
  4.  S 71° 40' 47" W, at 32.62 feet passing a 1/2-inch iron rod with
  plastic cap stamped "LAI" set, for a total distance of 102.83 feet
  to a 5/8-inch iron rod found for the southwest corner of said 25.408
  acre tract, same being the north corner of said 6.336 acre tract;
         THENCE with the east and south lines of said 6.336 acre tract
  the following eight (8) courses and distances:
  1.  S 10° 44' 39" E, a distance of 326.31 feet to a 1/2-inch iron rod
  found for and angle point,
  2.  S 12° 52' 20" E, a distance of 331.50 feet to a calculated angle
  point,
  3.  N 74° 05' 18" E, a distance of 10.34 feet to a calculated angle
  point,
  4.  S 02° 25' 48" E, a distance of 172.87 feet to a calculated angle
  point,
  5.  S 19° 24' 55" W, a distance of 224.77 feet to a calculated angle
  point,
  6.  S 58° 51' 02" W, a distance of 113.17 feet to calculated angle
  point,
  7.  S 56° 20' 39" W, a distance of 221.85 feet to a calculated angle
  point, and
  8.  N 35° 47' 59" W, a distance of 417.89 feet to a calculated angle
  point for the southwest corner of said 6.336 acre tract, same being
  the southeast corner of said 533.312 acre tract and an angle point
  in the south line of the tract described herein;
         THENCE with the south line of said 1.815 acre tract, being the
  north line of said Marshall's Harbor subdivision the following
  three (3) courses and distances:
  1.  N 17° 36' 21" W a distance of 387.70 feet to a calculated angle
  point,
  2.  N 41° 18' 47" W a distance of 224.01 feet to a calculated angle
  point, and
  3.  N 08° 03' 43" W a distance of 141.59 feet to a calculated point,
  being the southwest corner of said 1.815 acre tract, same being in
  the south line of said 533.312 acre tract and an angle point in the
  south line of the tract described herein;
         THENCE S 77° 23' 46" W, continuing with the south line of said
  533.312 acre tract, being the north line of said Marshall's Harbor
  subdivision a distance of 81.88 feet to a calculated angle point in
  the north line of said Marshall's Harbor subdivision;
         THENCE N 58° 27' 46" W, continuing with the south line of said
  533.312 acre tract, being the north line of said Marshall's Harbor
  subdivision a distance of 519.00 feet to a 1/2-inch iron rod found
  at a point of curvature of a curve to the left;
         THENCE continuing with the south line of said 533.312 acre
  tract, being the north line of said Marshall's Harbor subdivision,
  with the arc of said curve to the left an arc distance of 584.97
  feet, having a radius of 850.00 feet and a chord bearing N 44° 50'
  38" W a distance of 573.50 feet to a 1/2-inch iron road found for an
  angle point;
         THENCE N 64° 33' 14" W, with the south line of said 533.312
  acre tract, being the north line of said Marshall's Harbor
  subdivision, at 665.24 feet passing 1/2-inch iron road found and
  continuing for a total distance of 1,410.17 feet to a 1/2-inch iron
  rod found for an angle point;
         THENCE, N 53° 51' 21" W, with the south line of said 533.312
  acre tract, same being the north line of said Marshall's Harbor
  subdivision, a distance of 1,736.03 feet to the POINT OF BEGINNING
  and containing 568.22 acres of land, more or less.
         SAVE AND EXCEPT THE FOLLOWING SEVEN TRACTS OF LAND WITHIN THE
  BOUNDS OF THE ABOVE DESCRIBED 568.22 ACRES (BEING LOTS 117-G
  THROUGH 126-G, THE GOLF COURSE LOTS AND LOT 130-FS OF THE PROPOSED
  MARSHALL'S VISTA SUBDIVISION):
         TRACT 117-G -- 7.54 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set in the south line of Shoreline Ranch Drive, a varying
  width public right-of-way easement described in the instruments of
  record in Document No. 1999045815 and Document No. 2000127760,
  Official Public Records of Travis County, Texas, and being the
  southwest corner and POINT OF BEGINNING of the tract described
  herein, from which a 5/8-inch iron rod found for the most western
  corner of said 533.312 acre tract bears S 75° 35' 57" W a distance of
  2,142.85 feet;
         THENCE crossing said 533.312 acre tract with the south
  right-of-way line of said Shoreline Ranch Drive, the following
  three (3) course and distances:
  1.  with a curve to the right an arc distance of 528.92 feet, having
  a radius of 1,560.00 feet and a chord bearing N 41° 19' 08" E, a
  distance of 526.39 feet to a 1/2-inch iron found,
  2.  N 51° 00' 17" E, a distance of 192.66 feet to a 1/2-inch iron rod
  found, and
  3.  with the arc of a curve to the left an arc distance of 46.35
  feet, having a radius of 840.00 feet and a chord bearing N 49° 26'
  23" E, a distance of 46.35 feet to a 1/2-inch iron rod found for the
  northeast corner of the tract described herein and being at the
  intersection of the southeast right-of-way line of said Shoreline
  Drive and the southwest right-of-way line of Marshall's Point
  Drive, a varying width public right-of-way easement described in
  the instruments of record in Document No. 1999045815 and Document
  No. 2000127760, Official Public Records of Travis County, Texas;
         THENCE continuing across said 533.312 acre tract with the
  southwest line of said Marshall's Point Drive the following three
  (3) courses and distances:
  1.  with a curve to the right an arc distance of 74.67 feet, having
  a radius of 50.00 feet and a chord bearing S 89° 08' 28" W, a distance
  of 67.92 feet to a 1/2-inch iron found,
  2.  S 47° 59' 46" E a distance of 204.07 feet to a 1/2-inch iron rod
  found, and
  3.  with the arc of a curve to the left an arc distance of 122.99
  feet, having a radius of 730.00 feet and a chord bearing S 52° 49'
  49" E a distance of 122.85 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
         THENCE leaving said right-of-way line of Marshall's Point
  Drive and continuing across said 533.312 acre tract, the following
  four (4) courses and distances:
  1.  S 32° 34' 07" W a distance of 166.55 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  with the arc of a curve to the left an arc distance of 235.37
  feet, having a radius of 75.00 feet and a chord bearing S 32° 28' 21"
  W a distance of 150.00 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  3.  S 32° 22' 35" W a distance of 317.94 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set, and
  4.  N 68° 43' 04" W a distance of 546.79 feet to the POINT OF
  BEGINNING and containing 7.54 acres of land, more or less.
         TRACT 118-G -- 30.62 ACRES
         BEGINNING at a 5/8-inch iron rod found for the most western
  corner of said 533.312 acre tract, same being in the east line of a
  called 101.00 acre tract described in a deed to Lago Vista
  Independent School District of record in Volume 13174, Page 3008,
  Real Property Records of Travis County, Texas, being the north
  corner of Lot 74, Marshall's Harbor, a subdivision according to the
  plat of record in Document No, 200000248, Official Public Records
  of Travis County, Texas, being the most western corner and POINT OF
  BEGINNING of the tract described herein;
         THENCE, with the west line of said 533.312 acre tract, the
  following seven (7) courses and distances:
  1.  N 28° 33' 16" E, a distance of 134.52 feet to a 1/2-inch iron rod
  found,
  2.  N 29° 44' 31" E, a distance of 302.92 feet to a 1/2-inch iron rod
  found,
  3.  N 27° 37' 31" E, a distance of 694.17 feet to a 5/8-inch iron rod
  found,
  4.  N 23° 01' 06" E, a distance of 298.86 feet to a 5/8-inch iron rod
  found,
  5.  N 06° 39' 54" E, a distance of 95.69 feet to a 5/8-inch iron rod
  found,
  6.  N 01° 18' 13" E, a distance of 148.31 feet to a 5/8-inch iron rod
  found, and
  7.  N 00° 20' 35" E, a distance of 108.66 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set for a western exterior corner of
  the tract described herein;
         THENCE leaving the west line of said 533.312 acre tract and
  crossing said 533.312 acre tract with the perimeter of the tract
  described herein the following nineteen (19) courses and distances:
  1.  N 61° 49' 18" E, a distance of 260.97 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  S 45° 23' 25" E, a distance of 158.62 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  S 16° 48' 43" E, a distance of 111.37 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  4.  S 13° 56' 29" W, a distance of 211.31 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  5.  S 08° 58' 24" E, a distance of 168.31 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  6.  S 19° 50' 50" W, a distance of 547.90 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  with the arc of a curve to the left an arc distance of 190.84
  feet, having a radius of 210.00 feet, and a chord bearing S 62° 57'
  13" W, a distance of 184.34 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  8.  S 36° 55' 09" W, a distance of 63.88 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  9.  with the arc of a curve to the right an arc distance of 60.00
  feet, having a radius of 470.00 feet and a chord bearing S 40° 34'
  35" W a distance of 59.96 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  10.  S 44° 14' 01" W, a distance of 164.49 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  11.  with the arc of a curve to the left an arc distance of 286.19
  feet, having a radius of 245.00 feet and a chord bearing S 10° 46'
  08" W, a distance of 270.20 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  12.  S 22° 41' 45" E, a distance of 33.05 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  13.  with the arc of a curve to the left an arc distance of 136.11
  feet, having a radius of 203.25 feet and a chord bearing S 41° 52'
  48" E, a distance of 133.58 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  14.  with the arc of a curve to the left an arc distance of 65.54
  feet, having a radius of 256.50 feet and a chord bearing S 68° 23'
  04" E, a distance of 65.36 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  15.  with the arc of a curve to the left an arc distance of 124.25
  feet, having a radius of 203.25 feet and a chord bearing N 86° 46'
  59" E, a distance of 122.32 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  16.  with the arc of a curve to the right an arc distance of 25.57
  feet, having a radius of 140.00 feet and a chord bearing N 74° 30'
  09" E, a distance of 25.53 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  17.  S 57° 13' 20" E, a distance of 1,015.66 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  18.  with the arc of a curve to the right an arc distance of 103.55
  feet, having a radius of 139.75 feet and a chord bearing S 35° 59'
  38" E, a distance of 101.20 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  19.  S 68° 44' 31" E, a distance of 227.13 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set in the northwest
  right-of-way line of Shoreline Drive a public right-of-way easement
  described in the instruments of record in Document No. 1999045815
  and Document No. 2000127760, Official Public Records of Travis
  County, Texas;
         THENCE continuing across said 533.312 acre tract with the
  northwest right-of-way line of said Shoreline Drive, the following
  three (3) courses and distances:
  1.  with the arc of a curve to the right an arc distance of 187.94
  feet, having a radius of 650.00 feet and a chord bearing S 21° 11'
  56" W, a distance of 187.28 feet to a 1/2-inch iron rod found,
  2.  S 60° 31' 04" E, a distance of 10.00 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set, and
  3.  with the arc of a curve to the right an arc distance of 242.29
  feet, having a radius of 660.00 feet and a chord bearing S 39° 59'
  56" W, a distance of 240.93 feet to a 1/2-inch iron rod found in the
  south line of said 533.312 acre tract, same being the north line of
  Lot 67, said Marshall's Harbor, for the southeast corner of the
  tract described herein;
         THENCE with the south line of said 533.312 acre tract, same
  being the north line of said Marshall's Harbor, the following two
  (2) courses and distances:
  1.  N 64° 33' 14" W, a distance of 271.19 feet to a 1/2-inch iron rod
  found, and
  2.  N 53° 51' 21" W, a distance of 1,736.03 feet to the POINT OF
  BEGINNING and containing 30.62 acres of land, more or less.
         TRACT LOT 119-G - 40.08 Acres
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set for southwestern corner and POINT OF BEGINNING of the
  tract described herein, from which a 5/8-inch iron rod found for the
  most western corner of said 533.312 acre tract bears S 22° 46' 53" W
  a distance of 2,214.55 feet;
         THENCE, crossing said 533.312 acre tract, the following four
  (4) courses and distances:
  1.  N 34° 03' 38" E a distance of 831.26 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  N 57° 32' 58" E a distance of 446.49 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  with the arc of a curve to the left an arc distance of 185.06
  feet, having a radius of 100.00 feet and a chord bearing N 04° 32'
  01" E, a distance of 159.76 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  4.  N 48° 28' 55" W a distance of 509.00 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set in the west line of said 533.312
  acre tract, same being the east line of Lagos Ranchos, a subdivision
  according to the plat of record in Plat Book/Volume 49, Page 27,
  Plat Records of Travis County, Texas;
         THENCE, N 28° 50' 50" E, with the west line of said 533.312
  acre tract, being the east line of said Lagos Ranchos, a distance of
  457.77 feet to a 1/2-inch iron rod with plastic cap stamped "LAI"
  set for the northwest corner of the tract described herein from
  which a 1/2-inch iron rod found for the northwest corner of said
  533.312 acre tract bears N 28° 50' 50" E a distance of 25.56 feet to a
  1/2-inch iron rod found and N 29° 05' 46" E a distance of 325.26
  feet;
         THENCE, leaving the west line and crossing said 533.312 acre
  tract, the following nine (9) courses and distances:
  1.  S 68° 25'02" E, a distance of 907.98 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  S 49° 43' 17" E a distance of 328.05 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  S 55° 37' 28" E a distance of 300.57 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  4.  with the arc of a curve to the right an arc distance of 85.52
  feet, having a radius of 175.00 feet and a chord bearing S 41° 37'
  27" E, a distance of 84.67 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  5.  S 27° 37' 26" E, a distance of 254.88 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  6.  S 85° 02' 31" E a distance of 502.76 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  S 59° 47' 31" E a distance of 653.67 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  8.  with the arc of a curve to the right an arc distance of 173.31
  feet, having a radius of 175.00 feet and a chord bearing S 31° 25'
  12" E, a distance of 166.32 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  9.  S 03° 02' 53" E, a distance of 336.39 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set in the curving west line of
  Marshall's Point Drive a varying width public right-of-way easement
  described in the said instrument of record in Document
  No. 1999045815, Official Public Records of Travis County, Texas,
  and being the northeast corner of the tract described herein,
         THENCE with said west line of Marshall's Point Drive, being a
  curve to the left, an arc distance of 200.44 feet, having a radius
  of 545.00 feet and a chord bearing S 38° 32' 46" W, a distance of
  199.31 feet to a 1/2-inch iron rod with plastic cap stamped "LAI"
  set;
         THENCE leaving the west right-of-way line of said Marshall's
  Point Drive and crossing said 533.312 acre tract with the perimeter
  of the tract described herein the following eighteen (18) courses
  and distances:
  1.  N 61° 37' 02" W a distance of 298.94 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  N 17° 49' 35" E a distance of 99.44 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  with the arc of a curve to the left an arc distance of 204.64
  feet, having a radius of 150.00 feet and a chord bearing N 21° 25'
  35" W, a distance of 189.13 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  4.  N 60° 30' 32" W, a distance of 284.96 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  5.  N 61° 42' 09" W, a distance of 174.79 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  6.  N 70° 10' 48" W, a distance of 113.87 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  N 71° 42' 37" W a distance of 683.37 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  8.  with a curve to the right an arc distance of 137.03 feet, having
  a radius of 75.00 feet, and a chord bearing N 19° 18' 25" W, a
  distance of 118.75 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  9.  with the arc of a curve to the left an arc distance of 72.50
  feet, having a radius of 50.00 feet and a chord bearing N 08° 30' 12"
  W, a distance of 66.31 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  10.  N 50° 02' 26" W, a distance of 457.96 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  11.  N 54° 46' 49" W, a distance of 400.36 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  12.  S 50° 01' 55" W, a distance of 134.64 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  13.  S 29° 21' 42" E, a distance of 449.67 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  14.  with the arc of a curve to the right an arc distance of 264.99
  feet, having a radius of 175.00 feet and a chord bearing S 14° 01'
  01" W, a distance of 240.39 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  15.  S 57° 23' 44" W a distance of 513.23 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set, and
  16.  S 47° 13' 53" W, a distance of 908.64 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set;
  17.  with the arc of a curve to the right an arc distance of 93.69
  feet, having a radius of 150.00 feet and a chord bearing N 18° 38'
  11" W, a distance of 92.17 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  18.  N 00° 44' 35" W a distance of 111.24 feet to the POINT OF
  BEGINNING and containing 40.08 acres of land, more or less.
         TRACT 120-G - 9.72 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set for the southwest corner and POINT OF BEGINNING of the
  tract described herein, from which a 5/8-inch iron rod found for the
  most western corner of said 533.312 acre tract bears S 59° 36' 50" W
  a distance of 3,227.74 feet;
         THENCE crossing said 533.312 acre tract with the perimeter of
  the tract described herein the following eight (8) courses and
  distances:
  1.  N 01° 40' 58" E, a distance of 52.36 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set for a point of curvature of a
  curve to the right,
  2.  with the arc of a curve to the right an arc distance of 91.68
  feet, having a radius of 150.00 feet, and a chord bearing N 19° 11'
  33" E a distance of 90.26 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  3.  N 36° 42' 07" E, a distance of 88.05 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  4.  N 86° 49' 22" E, a distance of 82.13 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  5.  with the arc of a curve to the right an arc distance of 166.58
  feet, having a radius of 175.00 feet, and a chord bearing S 65° 54'
  30" E a distance of 160.36 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  6.  S 38° 38' 22" E, a distance of 211.89 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  with the arc of a curve to the left an arc distance of 192.99
  feet, having a radius of 175.00 feet, and a chord bearing S 70° 13'
  54" E a distance of 183.35 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  8.  N 78° 10' 34" E, a distance of 651.15 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set in the west right-of-way line of
  Marshall's Point Drive, a varying width public right-of-way
  easement described in the instrument of record in Document
  1999045815, Official Public Records of Travis County, Texas, and
  being the northeast corner of the tract described herein;
         THENCE with the west right-of-way line of said Shoreline
  Ranch Drive, being a curve to the left, an arc distance of 158.01
  feet, having a radius of 745.00 feet and a chord bearing S 13° 20'
  07" W a distance of 157.72 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set for the southeast corner of the tract
  described herein;
         THENCE leaving said right-of-way and continuing across said
  533.312 acre tract with the perimeter of the tract described herein
  the following four (4) courses and distances:
  1.  S 64° 51' 53" W, a distance of 669.06 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  S 64° 52' 14" W, a distance of 218.28 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  with the arc of a curve to the right an arc distance of 271.86
  feet, having a radius of 175.00 feet, and a chord bearing N 69° 42'
  49" W a distance of 245.34 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  4.  N 25° 12' 32" W, a distance of 433.39 feet to the POINT OF
  BEGINNING and containing 9.72 acres of land, more or less.
         TRACT 121-G -- 15.03 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set in the north line of Shoreline Ranch Drive, a varying
  width public right-of-way easement described in the instruments of
  record in Document No. 1999045815 and Document No. 2000127760,
  Official Public Records of Travis County, Texas, and being the a
  southeast corner and POINT OF BEGINNING of the tract described
  herein, from which a 5/8-inch iron rod found for the most western
  corner of said 533.312 acre tract bears S 69° 04' 42" W a distance of
  2,374.54 feet;
         THENCE crossing said 533.312 acre tract with the perimeter of
  the tract described herein the following twenty-nine (29) courses
  and distances:
  1.  N 44° 00' 53" W a distance of 397.20 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  S 68° 30' 00" W a distance of 28.60 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  with the arc of a curve to the right an arc distance of 426.16
  feet, having a radius of 175.00 feet and a chord bearing S 61° 28'
  35" W a distance of 328.40 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  4.  N 48° 45' 36" W a distance of 284.02 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  5.  with the arc of a curve to the left an arc distance of 66.05
  feet, having a radius of 210.00 feet and a chord bearing N 42° 03'
  00" W a distance of 65.78 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  6.  N 51° 03' 36" W a distance of 183.98 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  with the arc of a curve to the right an arc distance of 126.81
  feet, having a radius of 150.00 feet and a chord bearing N 26° 50'
  28" W a distance of 123.07 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  8.  N 02° 37' 21" W a distance of 58.87 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  9.  with the arc of a curve to the right an arc distance of 15.17
  feet, having a radius of 210.00 feet and a chord bearing N 04° 41'
  32" W a distance of 15.17 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  10.  N 54° 33' 55" E a distance of 57.27 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  11.  S 65° 12' 35" E a distance of 663.44 feet to a rod 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  12.  with the arc of a curve to the right an arc distance of 123.50
  feet, having a radius of 175.00 feet and a chord bearing S 44° 59'
  34" E a distance of 120.95 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  13.  N 68° 30' 00" E a distance of 44.05 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  14.  with the arc of a curve to the right an arc distance of 216.72
  feet, having a radius of 175.00 feet and a chord bearing N 17° 15'
  13" E a distance of 203.14 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  15.  N 52° 43' 54" E a distance of 324.40 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  16.  N 38° 53' 41" E a distance of 933.85 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  17.  S 63° 29' 30" E a distance of 6.19 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  18.  with the arc of a curve to the left an arc distance of 86.26
  feet, having a radius of 630.00 feet and a chord bearing S 67° 24'
  51" E a distance of 86.19 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  19.  S 71° 20' 12" E a distance of 16.81 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  20.  with the arc of a curve to the right an arc distance of 38.33
  feet, having a radius of 25.00 feet and a chord bearing S 27° 24' 51"
  E a distance of 34.68 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  21.  S 16° 30' 30" W a distance of 255.48 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  22.  with the arc of a curve to the right an arc distance of 52.87
  feet, having a radius of 150.00 feet and a chord bearing S 26° 36'
  19" W a distance of 52.59 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  23.  S 36° 42' 07" W a distance of 167.74 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  24.  with the arc of a curve to the left an arc distance of 87.91
  feet, having a radius of 210.00 feet and a chord bearing S 24° 42'
  36" W a distance of 87.27 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  25.  S 25° 14' 45" W a distance of 361.02 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  26.  S 50° 37' 52" W a distance of 462.70 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  27.  with the arc of a curve to the right an arc distance of 188.98
  feet, having a radius of 175.00 feet and a chord bearing S 81° 34'
  03" W a distance of 179.93 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  28.  S 45° 59' 07" W a distance of 14.49 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set, and
  29.  S 44° 00' 53" E a distance of 289.26 feet a 1/2-inch iron rod
  with plastic cap stamped "LAI" set in the north line of said
  Shoreline Ranch Drive;
         THENCE with the arc of a curve to the left, along the north
  line of said Shoreline Ranch Drive, an arc distance of 20.01 feet,
  having a radius of 1,640.00 feet and a chord bearing S 44° 01' 30" W a
  distance of 20.01 feet to the POINT OF BEGINNING and containing
  15.03 acres of land, more or less.
         TRACT 122-G -- 11.10 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set in the west line of Shoreline Ranch Drive, a varying width
  public right-of-way easement described in the instruments of record
  in Document 1999045815 and Document No. 2000127760 Official Public
  Records of Travis County, Texas, and being the southwest corner and
  POINT OF BEGINNING of the tract described herein, from which a
  5/8-inch iron rod found for the most western corner of said 533.312
  acre tract bears S 83° 14' 55" W a distance of 1,829.29 feet;
         THENCE crossing said 533.312 acre tract with the perimeter of
  the tract described herein the following fourteen (14) courses and
  distances:
  1.  with the arc of a curve to the right an arc distance of 37.49
  feet, having a radius of 25.00 feet and a chord bearing S 58° 26' 18"
  W a distance of 34.07 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  2.  N 78° 36' 15" W, a distance of 22.41 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  with the arc of a curve to the left an arc distance of 117.18
  feet, having a radius of 210.00 feet and a chord bearing S 85° 24'
  37" W a distance of 115.67 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  4.  S 69° 25' 29" W, a distance of 342.08 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  5.  with the arc of a curve to the right an arc distance of 152.09
  feet, having a radius of 470.00 feet and a chord bearing S 78° 41'
  41" W a distance of 151.42 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  6.  S 87° 57' 53" W, a distance of 185.09 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  with the arc of a curve to the left an arc distance of 32.21
  feet, having a radius of 530.00 feet and a chord bearing S 86° 13'
  26" W a distance of 32.20 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  8.  N 51° 43' 28" W, a distance of 83.08 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  9.  with the arc of a curve to the right an arc distance of 410.73
  feet, having a radius of 176.20 feet and a chord bearing N 15° 03'
  17" E a distance of 323.86 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  10.  N 81° 50' 03" E, a distance of 323.09 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  11.  with the arc of a curve to the left an arc distance of 129.79
  feet, having a radius of 300.00 feet and a chord bearing N 69° 26'
  25" E a distance of 128.78 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  12.  N 57° 02' 47" E, a distance of 694.43 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  13.  with the arc of a curve to the right an arc distance of 140.37
  feet, having a radius of 100.00 feet and a chord bearing S 82° 44'
  24" E a distance of 129.13 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  14.  S 42° 31' 38" E, a distance of 63.42 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set in the north right-of-way line of
  said Shoreline Ranch Drive for the northeast corner of the tract
  described herein;
         THENCE continuing across said 533.312 acre tract with the
  north right-of-way line of said Shoreline Ranch Drive the following
  four (4) courses and distances:
  1.  with the arc of a curve to the left an arc distance of 345.03
  feet, having a radius of 1,640.00 feet and a chord bearing S 35° 33'
  13" W a distance of 344.39 feet to a 1/2-inch iron rod found,
  2.  N 60° 28' 25" W, a distance of 9.99 feet to a 1/2-inch iron rod
  found,
  3.  S 29° 32' 22" W, a distance of 165.78 feet to a 1/2-inch iron rod
  found, and
  4.  with the arc of a curve to the left an arc distance of 183.66
  feet, having a radius of 750.00 feet and a chord bearing S 22° 29'
  46" W a distance of 183.20 feet to the POINT OF BEGINNING and
  containing 11.10 acres of land, more or less.
         TRACT 123-G-1 - 47.81 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set in the south line of Marshall's Point Drive, a varying
  width public right-of-way easement described in the instrument of
  record in Document No. 1999045815, Official Public Records of
  Travis County, Texas, and being the northwest corner and POINT OF
  BEGINNING of the tract described herein, from which a 5/8-inch iron
  rod found for the most western corner of said 533.312 acre tract
  bears S 73° 26' 25" W a distance of 3,052.05 feet;
         THENCE with the south right-of-way line of said Marshall's
  Point Drive the following six (6) courses and distances:
  1.  with the arc of a curve to the left an arc distance of 517.15
  feet, having a radius of 730.00 feet, and a chord bearing S 77° 57'
  06" E a distance of 506.40 to a 1/2-inch iron rod found,
  2.  N 81° 44' 31" E, a distance of 264.45 feet to a 1/2-inch iron rod
  found,
  3.  S 08° 15' 29" E, a distance of 10.00 feet to a 1/2-inch iron rod
  found,
  4.  N 81° 44' 31" E, a distance of 300.00 feet to a 1/2-inch iron rod
  found,
  5.  N 08° 15' 29" W, a distance of 10.00 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set, and
  6.  N 81° 44' 31" E, a distance of 106.89 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set;
         THENCE leaving said right-of-way and crossing said 533.312
  acre tract with the perimeter of the tract described herein the
  following five (5) courses and distances:
  1.  S 69° 09' 10" E, a distance of 132.64 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  with the arc of a curve to the right an arc distance of 377.77
  feet, having a radius of 175.00 feet, and a chord bearing S 07° 18'
  43" E a distance of 308.57 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  3.  S 00° 12' 23" W, a distance of 49.37 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  4.  S 81° 16' 49" E, a distance of 376.58 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set, and
  5.  N 02° 52' 37" W, a distance of 533.20 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set in the south line of said
  Marshall's Point Drive;
         THENCE with the south right-of-way line of said Marshall's
  Point Drive, being a curve to the right an arc distance of 203.30
  feet, having a radius of 1670.00 feet, and a chord bearing N 87° 13'
  08" E a distance of 203.17 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
         THENCE leaving the south right-of-way line of said Marshall's
  Point Drive and continuing across said 533.312 acre tract, with the
  perimeter of the tract described herein the following forty-five
  (45) courses and distances:
  1.  with the arc of said curve to the right an arc distance of 40.03
  feet, having a radius of 25.00 feet, and a chord bearing S 43° 25'
  14" E a distance of 35.89 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  2.  S 02° 27' 09" W, a distance of 171.62 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  with the arc of a curve to the left an arc distance of 130.81
  feet, having a radius of 210.00 feet, and a chord bearing S 15° 23'
  34" E a distance of 128.71 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  4.  S 20° 42' 36" E, a distance of 326.05 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  5.  with the arc of said curve to the right an arc distance of
  599.86 feet, having a radius of 175.00 feet, and a chord bearing S
  77° 29' 21" W a distance of 346.42 feet to a 1/2-inch iron rod with
  plastic cap stamped "LAI" set,
  6.  S 82° 40' 51" W, a distance of 478.76 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  with the arc of said curve to the left an arc distance of 87.06
  feet, having a radius of 210.00 feet, and a chord bearing S 82° 40'
  51" W a distance of 86.44 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  8.  S 82° 40' 51" W, a distance of 260.76 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  9.  S 59° 39' 19" W, a distance of 406.90 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  10.  with the arc of said curve to the right an arc distance of
  16.95 feet, having a radius of 175.00 feet, and a chord bearing S 62°
  25' 48" W a distance of 16.94 feet to a 1/2-inch iron rod with
  plastic cap stamped "LAI" set,
  11.  S 21° 31' 09" E, a distance of 313.66 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  12.  with the arc of said curve to the right an arc distance of
  72.65 feet, having a radius of 75.00 feet, and a chord bearing S 76°
  06' 30" E a distance of 69.84 feet to a 1/2-inch iron rod with
  plastic cap stamped "LAI" set,
  13.  S 49° 19' 18" E, a distance of 797.33 feet to a calculated
  point,
  14.  N 84° 54' 11" E, a distance of 456.60 feet to a calculated
  point,
  15.  N 40° 47' 54" E, a distance of 80.91 feet to a calculated point,
  16.  N 34° 32' 39" W, a distance of 169.27 feet to a calculated
  point,
  17.  N 85° 00' 14" E, a distance of 61.97 feet to a calculated point,
  18.  S 77° 37' 22" E, a distance of 174.68 feet a calculated point,
  19.  N 70° 26' 29" E, a distance of 66.80 feet to a calculated point,
  20.  N 77° 47' 23" E, a distance of 74.13 feet to a calculated point,
  21.  S 79° 53' 59" E, a distance of 91.75 feet to a calculated point,
  22.  S 14° 00' 37" E, a distance of 208.07 feet to a calculated
  point,
  23.  S 43° 58' 01" W, a distance of 410.18 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  24.  S 10° 28' 00" E, a distance of 99.70 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  25.  with the arc of a curve to the right an arc distance of 115.12
  feet, having a radius of 75.00 feet, and a chord bearing S 33° 30'
  20" W a distance of 104.15 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  26.  S 77° 28' 40" W, a distance of 844.10 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  27.  N 88° 46' 31" W, a distance of 157.33 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  28.  with the arc of said curve to the left an arc distance of 9.20
  feet, having a radius of 203.25 feet, and a chord bearing N 40° 16'
  53" W a distance of 9.20 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  29.  with the arc of said curve to the right an arc distance of
  38.23 feet, having a radius of 165.00 feet, and a chord bearing N 34°
  56' 27" W a distance of 38.15 feet to a 1/2-inch iron rod with
  plastic cap stamped "LAI" set,
  30.  N 28° 18' 11" W, a distance of 125.22 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  31.  with the arc of a curve to the right an arc distance of 46.17
  feet, having a radius of 140.00 feet, and a chord bearing N 18° 51'
  17" W a distance of 45.96 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  32.  with the arc of a curve to the left an arc distance of 67.03
  feet, having a radius of 203.25 feet, and a chord bearing N 18° 51'
  17" W a distance of 66.73 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  33.  N 28° 18' 11" W, a distance of 31.28 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  34.  with the arc of a curve to the left an arc distance of 22.25
  feet, having a radius of 203.25 feet, and a chord bearing N 31° 26'
  19" W a distance of 22.23 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  35.  with the arc of a curve to the right an arc distance of 222.92
  feet, having a radius of 175.00 feet, and a chord bearing N 19° 39'
  49" E a distance of 208.15 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  36.  N 56° 09' 21" E, a distance of 100.06 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  37.  N 33° 50' 39" W, a distance of 598.82 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  38.  with the arc of said curve to the right an arc distance of
  125.86 feet, having a radius of 75.00 feet, and a chord bearing N 12°
  44' 42" E a distance of 111.60 feet to a 1/2-inch iron rod with
  plastic cap stamped "LAI" set,
  39.  N 21° 31' 09" W, a distance of 313.66 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  40.  with the arc of a curve to the right an arc distance of 499.71
  feet, having a radius of 175.00 feet, and a chord bearing N 26° 26'
  22" W a distance of 346.43 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  41.  N 58° 17' 37" E, a distance of 170.62 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  42.  N 00° 12' 23" E, a distance of 147.22 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  43.  N 78° 22' 08" W, a distance of 645.52 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  44.  with the arc of a curve to the right an arc distance of 263.03
  feet, having a radius of 75.00 feet, and a chord bearing N 22° 05'
  59" E a distance of 147.50 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  45.  N 32° 34' 07" E, a distance of 166.55 feet to the POINT OF
  BEGINNING and containing 47.81 acres of land, more or less.
         TRACT 124-G -- 17.14 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set in the south line of Lakeshore Drive, a public
  right-of-way easement described in the instruments of record in
  Document No. 1999045815 and Document No. 2000127760, Official
  Public Records of Travis County, Texas, being a northern corner and
  the POINT OF BEGINNING of the tract described herein, from which a
  5/8-inch iron rod found for the most western corner of said 533.312
  acre tract bears N 87° 11' 41" W a distance of 2,175.29 feet;
         THENCE across said 533.312 acre tract, with the south line of
  said Lakeshore Drive, the following three (3) courses and
  distances:
  1.  N 80° 37' 33" E, a distance of 97.47 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set for a point of curvature of a
  curve to the right,
  2.  with the arc of a curve to the right an arc distance of 338.10
  feet, having a radius of 345.13 feet, and a chord bearing S 71° 18'
  36" E a distance of 324.74 to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set, and
  3.  S 43° 15' 07" E, a distance of 234.52 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set for the eastern terminus of said
  Lakeshore Drive;
         THENCE leaving said Lakeshore Drive and crossing said 533.312
  acre tract the following eighteen (18) courses and distances:
  1.  S 43° 14' 19" E, a distance of 136.38 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  with the arc of a curve to the right an arc distance of 83.17
  feet, having a radius of 970.00 feet, and a chord bearing S 40° 46'
  55" E a distance of 83.15 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  3.  S 38° 19' 32" E, a distance of 320.84 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  4.  with the arc of a curve to the left an arc distance of 323.26
  feet, having a radius of 530.00 feet, and a chord bearing S 55° 47'
  55" E a distance of 318.27 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  5.  S 73° 16' 18" E, a distance of 132.58 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  6.  with the arc of a curve to the right an arc distance of 153.41
  feet, having a radius of 150.00 feet, and a chord bearing S 43° 58'
  21" E a distance of 146.81 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  7.  S 55° 36' 59" W, a distance of 788.44 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI",
  8.  with the arc of a curve to the left an arc distance of 76.00
  feet, having a radius of 210.00 feet, and a chord bearing N 40° 26'
  21" W a distance of 75.58 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  9.  N 50° 48' 23" W, a distance of 203.35 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  10.  N 29° 19' 11" E, a distance of 308.92 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  11.  N 58° 10' 12" W, a distance of 309.62 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  12.  N 30° 34' 12" W, a distance of 366.17 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  13.  N 84° 23' 38" W, a distance of 44.70 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  14.  with the arc of a curve to the left an arc distance of 3.09
  feet, having a radius of 330.00 feet, and a chord bearing N 25° 53'
  46" W a distance of 3.09 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  15.  N 26° 09' 51" W, a distance of 440.60 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  16.  with the arc of a curve to the right an arc distance of 30.63
  feet, having a radius of 270.00 feet, and a chord bearing S 22° 54'
  51" E a distance of 30.62 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  17.  N 19° 39' 50" W, a distance of 45.84 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  18.  with the arc of a curve to the right an arc distance of 43.76
  feet, having a radius of 25.00 feet, and a chord bearing N 30° 28'
  52" E a distance of 38.38 feet to the POINT OF BEGINNING and
  containing 17.14 acres of land, more or less.
         TRACT 125-G -- 10.54 ACRES
         BEGINNING at a 1/2-inch iron rod found for an angle point in
  the south line of said 533.312 acre tract, being the northwest
  corner of Lot 56, Marshall's Harbor subdivision, a subdivision
  according to the plat of record in Document No. 200000248 Official
  Public Records of Travis County, Texas and being in the east line of
  Shoreline Ranch Drive, a varying width public right-of-way easement
  described in the instruments of record in Document No. 1999045815,
  and Document No. 2000127760, Official Public Records of Travis
  County, Texas, Official Public Records of Travis County, Texas, and
  being the southwest corner and POINT OF BEGINNING of the tract
  described herein, from which a 5/8-inch iron rod found for the most
  western corner of said 533.312 acre tract bears N 64° 33' 14" W a
  distance of 358.49 feet to a 1/2-inch iron rod found and N 53° 51'
  21" W a distance of 1,736.03 feet;
         THENCE leaving the south line of said 533.312 acre tract with
  the southeast right-of-way line of said Shoreline Ranch Drive, the
  following three (3) course and distances:
  1.  with a curve to the left an arc distance of 234.65 feet, having
  a radius of 740.00 feet and a chord bearing N 38° 33' 59" E, a
  distance of 233.67 feet to a 1/2-inch iron rod found,
  2.  S 60° 31' 04" E, a distance of 10.00 feet to a 1/2-inch iron rod
  found,
  3.  with the arc of a curve to the left an arc distance of 301.57
  feet, having a radius of 750.00 feet and a chord bearing N 17° 57'
  47" E, a distance of 299.54 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set for the northwest corner of the tract
  described herein;
         THENCE leaving the southeast line of said Shoreline Drive and
  crossing said 533.312 acre tract the following thirteen (13)
  courses and distances:
  1.  N 50° 19' 25" E, a distance of 95.57 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  with the arc of a curve to the right an arc distance of 204.51
  feet, having a radius of 175.00 feet and a chord bearing N 83° 48'
  09" E, a distance of 193.07 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  3.  S 62° 43' 08" E, a distance of 101.22 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  4.  with arc of a curve to the right an arc distance of 36.64 feet,
  having a radius of 140.00 feet and a chord bearing S 07° 42' 05" W, a
  distance of 36.53 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  5.  with the arc of a curve to the left an arc distance of 45.18
  feet, having a radius of 116.84 feet and a chord bearing S 04° 07'
  10" W, a distance of 44.90 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  6.  S 06° 57' 33" E, a distance of 88.67 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  7.  with the arc of a curve to the right an arc distance of 40.09
  feet, having a radius of 140.00 feet and a chord bearing S 01° 14'
  39" W, a distance of 39.95 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  8.  S 09° 26' 52" W, a distance of 85.97 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  9.  with the arc of a curve to the left an arc distance of 220.84
  feet, having a radius of 210.00 feet and a chord bearing S 20° 40'
  46" E, a distance of 210.81 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  10.  S 50° 48' 23" E, a distance of 578.64 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  11.  with the arc of a curve to the right an arc distance of 109.83
  feet, having a radius of 150.00 feet and a chord bearing S 29° 49'
  49" E, a distance of 107.39 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  12.  S 08° 51' 15" E, a distance of 113.85 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set, and
  13.  with the arc of a curve to the left an arc distance of 115.79
  feet, having a radius of 210.00 feet and a chord bearing S 24° 39'
  00" E, a distance of 114.33 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set in the south line of said 533.312 acre tract,
  same being the north line of said Marshall's Harbor, and
         THENCE with the south line of said 533.312 acre tract, same
  being the north line of said Marshall's Harbor, the following two
  (2) courses and distances:
  1.  with the arc of a curve to the left an arc distance of 357.74
  feet, having a radius of 850.00 feet and a chord bearing N 52° 30'
  09" W, a distance of 355.10 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set, and
  2.  N 64° 33' 14" W, a distance of 1,051.68 feet to the POINT OF
  BEGINNING and containing 10.54 acres of land, more or less.
         TRACT 126-G -- 16.51 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set in the east line of Shoreline Ranch Drive, a varying width
  public right-of-way easement described in the instruments of record
  in Document No. 1999045815 and Document No. 2000127760, Official
  Public Records of Travis County, Texas, and being the north corner
  and POINT OF BEGINNING of the tract described herein, from which a
  5/8-inch iron rod found for the most western corner of said 533.312
  acre tract bears S 75° 35' 57" W a distance of 2,142.85 feet;
         THENCE leaving the east line of said Shoreline Ranch Drive
  and crossing said 533.312 acre tract following fourteen (14)
  courses and distances:
  1.  S 68° 43' 04" E a distance of 1,009.04 feet to a 1/2-inch iron
  rod with plastic cap stamped "LAI" set,
  2.  S 11° 01' 22" E a distance of 132.52 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  3.  S 28° 18' 25" E a distance of 115.84 feet to a calculated point,
  4.  with the arc of a curve to the left an arc distance of 20.20
  feet, having a radius of 60.00 feet and a chord bearing S 37° 57' 08"
  E a distance of 20.11 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  5.  with the arc of a curve to the right an arc distance of 21.16
  feet, having a radius of 25.00 feet and a chord bearing S 23° 11' 14"
  E a distance of 20.54 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  6.  with the arc of a curve to the left an arc distance of 115.61
  feet, having a radius of 330.00 feet and a chord bearing S 08° 58'
  27" E a distance of 115.02 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  7.  S 19° 00' 36" E a distance of 521.63 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  8.  with the arc of a curve to the right an arc distance of 116.30
  feet, having a radius of 150.00 feet and a chord bearing S 03° 12'
  03" W a distance of 113.41 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  9.  S 25° 24' 43" W a distance of 22.19 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  10.  with the arc of a curve to the right an arc distance of 42.01
  feet, having a radius of 25.00 feet and a chord bearing S 73° 32' 51"
  W a distance of 37.24 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set,
  11.  with the arc of a curve to the right an arc distance of 163.99
  feet, having a radius of 470.00 feet and a chord bearing N 48° 19'
  16" W a distance of 163.16 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  12.  N 38° 19' 32" W a distance of 320.84 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  13.  with the arc of a curve to the left an arc distance of 88.32
  feet, having a radius of 1,030.00 feet and a chord bearing N 40° 46'
  55" W a distance of 88.29 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  14.  N 43° 14' 19" W a distance of 136.37 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set for the most eastern terminus of
  Lakeshore Drive a public right-of-way easement described in the
  instruments of record in Document No. 1999045815 and Document
  No. 2000127760, Official Public Records of Travis County, Texas;
         THENCE continuing across said 533.312 acre tract with the
  northern right-of-way line of said Lakeshore Drive the following
  four (4) courses and distances:
  1.  N 43° 15' 07" W a distance of 234.55 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  with the arc of a curve to the left an arc distance of 396.88
  feet, having a radius of 405.13 feet and a chord bearing N 71° 18'
  36" W a distance of 381.20 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  3.  S 80° 37' 33" W a distance of 323.85 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set, and
  4.  with the arc of a curve to the right an arc distance of 82.64
  feet, having a radius of 50.00 feet and a chord bearing N 52° 01' 20"
  W a distance of 73.55 feet to a 1/2-inch iron rod with plastic cap
  stamped "LAI" set at the intersection of the southeast right-of-way
  line of said Shoreline Ranch Drive with the north right-of-way line
  of said Lakeshore Drive, for the southwest corner of the tract
  described herein;
         THENCE continuing across said 533.312 acre tract with the
  southeast line of said Shoreline Ranch Drive the following six (6)
  courses and distances:
  1.  with the arc of a curve to the right an arc distance of 63.98
  feet, having a radius of 660.00 feet and a chord bearing N 01° 53'
  35" W a distance of 63.96 feet to a 1/2-inch iron rod found,
  2.  S 89° 06' 57" E a distance of 10.00 feet to a 1/2-inch iron rod
  found,
  3.  with the arc of a curve to the right an arc distance of 324.77
  feet, having a radius of 650.00 feet and a chord bearing N 15° 11'
  52" E a distance of 321.40 feet to a 1/2-inch iron rod with plastic
  cap stamped "LAI" set,
  4.  N 29° 32' 22" E a distance of 165.75 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  5.  N 60° 28' 25" W a distance of 10.01 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  6.  with the arc of a curve to the right an arc distance of 56.61
  feet, having a radius of 1,560.00 feet and a chord bearing N 30° 33'
  58" E a distance of 56.61 feet to the POINT OF BEGINNING and
  containing 16.51 acres of land, more or less.
         TRACT 130-FS -- 1.50 ACRES
         BEGINNING at a 1/2-inch iron rod with plastic cap stamped
  "LAI" set for an angle point in the south line of said 533.312 acre
  tract, same being the south line of a public right-of-way easement
  described in the instrument of record in Volume 4582, Page 527 of
  the Deed Records of Travis County, Texas, also being an angle point
  in the northerly boundary line of a called 4.733 acre tract
  described in deed to Herman J. Stocker of record in Volume 8207,
  Page 201 of the Deed Records of Travis County, Texas, same being a
  point in the south right-of-way line of Lakeshore Drive, a proposed
  right-of-way of varying width, for the northwest corner and POINT
  OF BEGINNING of the tract described herein, from which a 5/8-inch
  iron rod found for the most western corner of said 533.312 acre
  tract bears N 65° 00' 10" W a distance of 4895.43 feet;
         THENCE departing the northerly boundary line of said 5.075
  acre tract, through the interior of said 533.312 acre tract, with
  the south right-of-way line of said proposed Lakeshore drive, the
  following two (2) courses and distances:
  1.  N 85° 35' 46" E, a distance of 364.04 feet to a 1/2-inch iron rod
  with plastic cap stamped "LAI" set,
  2.  with the arc of a curve to the left an arc distance of 215.46
  feet, having a radius of 210.00 feet and a chord bearing N 56° 12'
  13" E a distance of 206.14 feet to a 1-inch iron pipe found,
         THENCE departing the south right-of-way line of said proposed
  Lakeshore Drive, with the south boundary line of said 533.312 acre
  tract, the following nine (9) courses and distances:
  1.  S 26° 48' 44" W, a distance of 100.29 feet to a 1-inch iron pipe
  found,
  2.  S 26° 49' 23" W, a distance of 204.20 feet to a 1/2-inch iron rod
  found,
  3.  S 79° 08' 18" W, a distance of 35.87 feet to a 1-inch iron pipe
  found,
  4.  S 80° 12' 16" W, a distance of 33.60 feet to a 1/2-inch iron rod
  found,
  5.  S 56° 27' 34" W, a distance of 38.06 feet to a 1-inch iron pipe
  found,
  6.  S 31° 00' 56" W, a distance of 72.23 feet to a 1-inch iron pipe
  found,
  7.  N 55° 12' 43" W, a distance of 115.53 feet to a 1/2-inch iron rod
  found,
  8.  N 40° 30' 23" W, a distance of 191.74 feet to a 1/2-inch iron rod
  found,
  9.  N 72° 16' 50" W, a distance of 42.18 feet to the POINT OF
  BEGINNING and containing 1.50 acres of land, more or less.
         BEARING BASIS: Texas Coordinate System, NAD 83, Central Zone,
  Grid.
         SECTION 3.  (a) The legal notice of the intention to
  introduce this Act, setting forth the general substance of this
  Act, has been published as provided by law, and the notice and a
  copy of this Act have been furnished to all persons, agencies,
  officials, or entities to which they are required to be furnished
  under Section 59, Article XVI, Texas Constitution, and Chapter 313,
  Government Code.
         (b)  The governor, one of the required recipients, has
  submitted the notice and Act to the Texas Commission on
  Environmental Quality.
         (c)  The Texas Commission on Environmental Quality has filed
  its recommendations relating to this Act with the governor, the
  lieutenant governor, and the speaker of the house of
  representatives within the required time.
         (d)  All requirements of the constitution and laws of this
  state and the rules and procedures of the legislature with respect
  to the notice, introduction, and passage of this Act are fulfilled
  and accomplished.
         SECTION 4.  (a)  If this Act does not receive a two-thirds
  vote of all the members elected to each house, Subchapter C, Chapter
  8025, Special District Local Laws Code, as added by Section 1 of
  this Act, is amended by adding Section 8025.0306 to read as follows:
         Sec. 8025.0306.  NO EMINENT DOMAIN POWER. The district may
  not exercise the power of eminent domain.
         (b)  This section is not intended to be an expression of a
  legislative interpretation of the requirements of Section 17(c),
  Article I, Texas Constitution.
         SECTION 5.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2019.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 4691 was passed by the House on May 3,
  2019, by the following vote:  Yeas 121, Nays 19, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 4691 was passed by the Senate on May
  21, 2019, by the following vote:  Yeas 30, Nays 1.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor       
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