2017-333-E Housing - Downtown Housing Improvement Corporation (DHIC) - Development Agreement for HOME Investment Partnership Award

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DocuSign Envelope ID:CD9F8982-55C9-4553-9BE5-F346295164C5 Exhibit A Property Legal Description BEING ALL OF PARCEL 1,AS RECORDED IN PLAT BOOK 116,PAGES 25-26,ORANGE COUNTY REGISTRY AND BEING FURTHER DESCRIBED AS: COMMENCING AT AN EXISTING IRON PIPE LOCATED ON THE NORTHERN RIGHT-OF-WAY LINE OF LEGION ROAD AND ALSO BEING THE SOUTHEASTERN PROPERTY CORNER OF LANDS NOW OR FORMERLY OWNED BY R E FOX PROPERTIES LLC AS RECORDED IN DEED BOOK 5004,PAGE 598, ORANGE COUNTY REGISTRY, SAID IRON HAVING NC GRID(NAD'83/2011)COORDINATES N:797147.7155 FEET E:1995266.4842 FEET;THENCE NORTH 24-49-06 WEST A DISTANCE OF 12.05 FEET TO THE POINT OF BEGINNING;THENCE LEAVING SAID RIGHT-OF-WAY ALONG AND WITH SAID EASTERN PROPERTY LINE NORTH 24-49-06 WEST A DISTANCE OF 613.16 FEET TO A POINT LOCATED ON THE EASTERN PROPERTY LINE OF LANDS NOW OR FORMERLY OWNED BY SWAN CAROLINA INVESTOR LLC&SFI CAROLINA TIC SPE LLC AS RECORDED IN DEED BOOK 5535, PAGE 263,ORANGE COUNTY REGISTRY;THENCE LEAVING SAID PROPERTY LINE NORTH 57-22-17 EAST A DISTANCE OF 72.35 FEET TO A POINT;THENCE SOUTH 84-42-34 EAST A DISTANCE OF 72.23 FEET TO A POINT;THENCE ALONG A CURVE TO THE LEFT AN ARC DISTANCE OF 53.44 FEET, SAID CURVE HAVING A RADIUS OF 211.50 FEET,A CHORD DIRECTION OF NORTH 86-53-30 EAST AND A CHORD DISTANCE OF 53.29 FEET TO A POINT;THENCE NORTH 79-39-13 EAST A DISTANCE OF 102.04 FEET TO A POINT;THENCE NORTH 10-20-27 WEST A DISTANCE OF 6.00 FEET TO A POINT; THENCE NORTH 79-22-13 EAST A DISTANCE OF 103.24 FEET TO A POINT;THENCE ALONG A CURVE TO THE LEFT AN ARC DISTANCE OF 58.67 FEET, SAID CURVE HAVING A RADIUS OF 136.51 FEET,A CHORD DIRECTION OF NORTH 49-33-41 EAST AND A CHORD DISTANCE OF 58.22 FEET TO A POINT; THENCE NORTH 37-15-09 EAST A DISTANCE OF 85.82 FEET TO A POINT;THENCE NORTH 71-58-15 EAST A DISTANCE OF 38.07 FEET TO A POINT;THENCE NORTH 17-58-38 WEST A DISTANCE OF 26.40 FEET TO A POINT;THENCE NORTH 37-15-09 EAST A DISTANCE OF 41.70 FEET TO A POINT;THENCE NORTH 65-07-29 EAST A DISTANCE OF 20.59 FEET TO A POINT LOCATED ON THE WESTERN PROPERTY LINE OF LANDS NOW OR FORMERLY OWNED BY TOWN OF CHAPEL HILL AS RECORDED IN PLAT BOOK 116,PAGE 17,ORANGE COUNTY REGISTRY;THENCE ALONG AND WITH SAID WESTERN PROPERTY LINE SOUTH 24-52-31 EAST A DISTANCE OF 133.43 FEET TO AN EXISTING IRON REBAR; THENCE SOUTH 29-39-10 EAST A DISTANCE OF 188.89 FEET TO A POINT; THENCE SOUTH 42-39-39 WEST A DISTANCE OF 131.20 FEET TO AN EXISTING IRON REBAR;THENCE SOUTH 48-09-19 WEST A DISTANCE OF 25.79 FEET TO AN EXISTING IRON REBAR;THENCE SOUTH 55-09-31 WEST A DISTANCE OF 83.01 FEET TO AN EXISTING IRON REBAR;THENCE ALONG A CURVE TO THE RIGHT AN ARC DISTANCE OF 36.64 FEET, SAID CURVE HAVING A RADIUS OF 473.41 FEET,A CHORD DIRECTION OF NORTH 27-05-17 WEST AND A CHORD DISTANCE OF 36.63 FEET TO A POINT; THENCE SOUTH 58-13-52 WEST A DISTANCE OF 106.52 FEET TO A POINT;THENCE SOUTH 77-17-33 WEST A DISTANCE OF 92.41 FEET TO A POINT;THENCE ALONG A CURVE TO THE LEFT AN ARC DISTANCE OF 209.59 FEET, SAID CURVE HAVING A RADIUS OF 266.70 FEET,A CHORD DIRECTION OF SOUTH 27-56-40 EAST AND A CHORD DISTANCE OF 204.24 FEET TO A POINT LOCATED ON SAID NORTHERN RIGHT-OF-WAY LINE; THENCE ALONG AND WITH SAID RIGHT-OF-WAY SOUTH 49-11-56 WEST A DISTANCE OF 159.75 FEET TO A POINT;THENCE SOUTH 47-09-13 WEST A DISTANCE OF 66.08 FEET TO THE POINT OF BEGINNING,CONTAINING 5.5065 ACRES, ACCORDING TO SURVEY PREPARED BY BASS,NIXON&KENNEDY,INC., CONSULTING ENGINEERS DATED AUGUST 16,2016 LAST REVISED SEPTEMBER ,2016 AND ENTITLED"ALTA/NSPS LAND TITLE SURVEY,PROPERTY OF THE TOWN OF CHAPEL HILL, CHAPEL HILL TSWP.,ORANGE COUNTY,NORTH CAROLINA,"AND BEING ALL OF PARCEL 1 AS RECORDED IN PLAT BOOK 116, PAGES 25-26,ORANGE COUNTY REGISTRY.