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15 <br />Rezoning Property of Capkov Ventures, Inc. , <br />Penn and GalitanoBurch <br />Homestead Road, Chapel Hill, NC <br />October 3, 2006 <br />Being all of a certain tract of land lying in Chapel Hill Township, Orange County, North <br />Carolina bounded on the north by Homestead Road(Variable Width Public Right -of- <br />Way), on the east by Seawell School Road (100' Public Right -of -Way) on the south and <br />on the west by Lena Burch Galitano and William H. Burch, and being more particularly <br />described as follows: <br />Beginning at a point in the centerline. of Homestead Road, said point being <br />located the following four(4) calls from the centerline intersection of Homestead <br />Road and Seawell School Road: N 87° 07'54" W 26.78', N 84 024'50" W <br />215.34', N 84 °50'58" W 281.16' and S 85 °42'06" W 382.55' to the true point of <br />beginning; thence, with the centerline of Homestead Road, the following three(3) <br />calls: along the arc of a curve to the right having a radius of 1169.67'(chord N <br />85 042'06" E 382.55') for a length of 384.27' to a point, S 84 °50'58" E 281.16' to <br />a point, S 84°24'50" E 215.34' to a point, said point being a projection of the <br />western right of- way(R/W) of Seawell School Road; thence S 04°03'38" W <br />30.01' to a "pk" nail at the intersection of the western R/W of Seawell School <br />Road with the southern R/W of Homestead Road; thence, continuing with the <br />western R/W of Seawell School Road, S 04 °03' 38" W, 883.14 feet.to a point on <br />the R/W. <br />Thence with the GalitanoBurch property line the following courses and distances: <br />N 85 °26'52" W, 619.50 feet to a computed point, <br />N 61 °44'31" W, 233.82 feet to a computed point, <br />N 01 ° 19'04" E, 172.20 feet to a computed point, <br />N 67-14'05" W, 122.81 feet to a computed point, <br />N 38 026'25" W, 310.72 feet to a computed point, . <br />N 13-21'12" W, 103.88 feet to a point on the southern R/W of Homestead Road. <br />Thence with the southern R/W of Homestead Road on a curve to the right with a <br />radius of 1,220.59 feet, curve length of 372.67 feet (Chord bearing of N <br />67 °23'44" E, 371.22 feet) to a computed point on the southern R/W, thence to a <br />point in the centerline of Homestead Road N 01 °19'04" E, 31.19 feet, said point <br />being the point and true place of beginning and said rezoning tract containing a <br />gross land area of 938,291 SF, more or less. <br />