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HomeMy WebLinkAbout2013-04-09 IDA PacketTHE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI Board of Directors Notice of Meeting Notice is hereby given that the Board of Directors of The Industrial Development Authority of the City of Riverside, Missouri will conduct a meeting at 6:15 p.m. on Tuesday, April 9, 2013, at the City Hall of Riverside, 2950 NW Vivion Road, Riverside, Missouri 64150. The tentative agenda of this meeting includes: 1. OPENING 2. ROLL CALL 3. APPROVAL OF MINUTES OF MEETINGS: March 12, 2013 4. NEW BUSINESS A. RESOLUTION 2013-004: A RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF THE FINAL PLAT OF RIVERSIDE HORIZONS WEST FIRST PLAT B. RESOLUTION 2013-002: A RESOLUTION APPROVING AND AUTHORIZING AN ALLOCATION OF LEVEE DISTRICT ASSESSMENTS AGREEMENT TOGETHER WITH THE EXECUTION AND DELIVERY OF DOCUMETS AND ACTIONS RELATING THERETO (RIVERSIDE HORIZONS WEST FIRST PALT) 5. GENREL DISCUSSION Posted by: Sarah Wagner Date: April S, 2013 Time: 11:00 a.m. MINUTES REGULAR MEETING THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI Tuesday, March 12, 2013 6:15 p.m. The Industrial Development Authority of the City of Riverside, Missouri, met in regular session at City Hall, 2950 NW Vivion Road, Riverside, Missouri. President Leland Finley called the meeting to order at 6:15 p.m. Answering roll call were Leland Finley, Bernie Bruns, Harold Snoderley, Pam Darata, and Cy Houston. Also present were City Attorney Nancy Thompson and Sarah Wagner, Community Development. Approval of Minutes from November 7, 2012 Resolution 2013-001: A Resolution Authorizing the Granting of a Permanent Utility Easement for the Transmission and Distribution of Electric Energy to Kansas City Power & Light Company; and Authorizing the Execution and Delivery of Documents and Actions Relating Thereto. Resolution 2013-002: A Resolution Authorizing the Granting of a Permanent Utility Easement for the Transmission and Distribution of Electric Energy to Kansas City Power & Light Company; and Authorizing the Execution and Delivery of Documents and Actions Relating Thereto. Resolution 2013-003: A Resolution Authorizing the Granting of a Cultivation and Pasturage Lease Between the Industrial Development Authority of the City of Riverside, Missouri and Robert W and Lille Marie Pam Darata moved to approve the minutes of November 7, 2012. Cy Houston seconded and the motion passed 5-0. Leland Finley read Resolution 2013-001: A resolution authorizing the granting of a permanent utility easement for the transmission and distribution of electric energy to Kansas City Power & Light Company; and authorizing the execution and delivery of documents and actions relating thereto. (Lots 2,3,5,6 &7 Riverside Horizons East First Plat) Nancy Thompson gave an explanation of the need for this easement. Bernie Bruns moved to approve Resolution 2013-001. Harold Snoderley seconded and the motion passed 5-0. Leland Finley read Resolution 2013-002: A resolution authorizing the granting of a permanent utility easement for the transmission and distribution of electric energy to Kansas City Power & Light Company; and authorizing the execution and delivery of documents and actions relating thereto. (Across Lot 5 to Horizons Industrial I Project) Nancy Thompson gave an explanation of the need for this easement. Pam Darata moved to approve Resolution 2013-002. Cy Houston seconded and the motion passed 5-0. Leland Finley read Resolution 2013-003: A resolution authorizing the granting of a cultivation and pasturage lease between the Industrial Development Authority of the City of Riverside, Missouri and Robert W. and Lillie Marie Gieske. Nancy Thompson explained that there was a lease for this property in the past and it was terminated when construction began on the East side of Horizons. They would like to continue farming until development occurs. Gieske. Adjournment Cy Houston moved to approve Resolution 2013-003. Pam Darata seconded and the motion passed 5-0. Bernie Bruns moved to adjourn the meeting at 6:32 p.m. Harold Snoderley seconded and the meeting was adjourned. IDA RESOLUTION NO. 2013-004 A RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF THE FINAL PLAT OF RIVERSIDE HORIZONS WEST FIRST PLAT WHEREAS, The Industrial Development Authority of the City of Riverside, Missouri ("IDA") desires to replat certain property owned by the Authority on the west side of Horizons Parkway in the Horizons development area in the manner shown on Exhibit A attached hereto; NOW THEREFORE, BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: THAT the FINAL PLAT OF RIVERSIDE HORIZONS WEST FIRST PLAT in substantially the same form as attached hereto as Exhibit "A" is hereby approved; FURTHER THAT, the President is hereby authorized to submit an application, execute and deliver the FINAL PLAT OF RIVERSIDE HORIZONS WEST FIRST PLAT on behalf of The Industrial Development Authority of the City of Riverside, Missouri, with such changes as are approved by the officer executing such document, such execution being conclusive proof of such approval, and the Assistant Secretary is authorized to attest thereto; FURTHER THAT, any and all actions taken in connection with the approval and authorization granted herein prior to passage and approval of this Resolution are hereby ratified and confirmed; FURTHER THAT, the President and Assistant Secretary are hereby authorized to execute such additional documents and take such actions as are necessary or desirable to effectuate the intent of this Resolution; PASSED AND ADOPTED by the Industrial Development Authority and APPROVED by the President of the Industrial Development Authority of the City of Riverside, Missouri, the day of , 2013. Leland Finley, President ATTEST: Sarah Wagner, Assistant Secretary FINAL PLAT RIVERSIDE HORIZONS WEST FIRST PLAT A SUBDIVISION OF LAND IN THE CITY OF RIVERSIDE, PLATTE COUNTY, MISSOURI NOTES: Basis of Bearings: Assumed, South 00°10'41" West, along the East line of the SW 1/4, Sec. 6, T5ON, R33W. ® Metro Control Station PL -66 Missouri State Plane Coordinate System 1983 (NAD -83) West Zone Northing: 332979.501 m Easting: 837793.685m Converted to feet: Northing: 1092450.2451 Easting: 2748661.4454 CLOSURE CALCULATIONS: Perimeter: 10,176.25 Error North: 0.009794 Error Closure: 0.0123 Precision 1: 827,337 East : 0.007520 All distances shown on this plat are in ground feet. Flood Plain Note: According to the F.E.M.A. Flood Insurance Rate Map Number 2902960001B, revised June 4, 1987, and revised by Letter of Map Revision (LOMAR), Case No.04-07-A556P, effective date August 31, 2006, this tract lies in OTHER AREAS, Zone "X". This area is protected from the 0.2% annual chance flood by levee, dike or other structure subject to possible failure during larger floods. UNPLATTEU CERTIFICATION I hereby certify that this subdivision plat is based on an actual survey completed on the ground by me or under my direct supervision, and that said survey meets or exceeds the current minimum standards for "Urban Class" boundary surveys as established by the Department of Natural Resources, Division of Geology and Land Survey of the State of Missouri and the Missouri Board for Architects, Professional Engineers and Land Surveyors, and that the results of said survey are represented on this drawing to the best of my professional knowledge and belief. Michael Schmidtberger, Missouri LS 2000143910 2224 Condolea Terr. Leawood, KS 66209 (913) 334-8819 LEGEND A FOUND SECTION CORNER AS NOTED • FOUND MONUMENT AS NOTED o SET 1/2" X 24" REBAR WITH DM2 MO CAP D/E DRAINAGE EASEMENT LA/E LEVEE ACCESS EASEMENT WL/E WATERLINE EASEMENT (D) DESCRIBED L LENGTH OF CURVE R RADIUS OF CURVE CL CHORD LENGTH CB CHORD BEARING Project Location LOCATION MAP SECTION 6-50-33 SECTION 7-50-33 S89 °24'06 "E 82.51' -\ NO0 ° 09'55"E 1320.61 ' SW 1/4 Sec. 6-50-33 D O� OFN.) N � 0 30.01' Nom 3 z � Z 30.01' NW Cor, SE 1/4, SW 1/4 Fnd. "T" Cut On Conc. 235.23' 71.86' 1 15' - J W_ Iii 0 N 1� IN of I (\ J Flood Protection Levee Easement Book 957, Page 142 297.70' SW Cor, SE 1/4, SW 1/4 Sec. 6-50-33 Fnd. 1/2" Rebar With CLS 2010 Cap Fnd. 1/2" Rebar • 0 (13 CIS Icn • Fnd. 1/2" Rebar With Illegible Cap Flood Protection Levee Easement Book 957, Page 142 375.89' W z 851.56' 772.25' S89° 19'18"E 1320.30' N. 1/4 Cor, Sec. 6, T5ON, R33W Fnd. Type "A" DNR Monument N. Line, SE 1/4, SW 1/4 Sec. 6-50-33 N00° 10'41 "E - 79.94' NE Cor, SE 1/4, SW 1/4 - [15' LA/E Lot 4 708,317 S.F. 16.261 Acres Lot 3 949,924 S.F. 21.807 Acres S89"19'34"E 1313.54' S. Line, SW 1/4, Sec. 6-50-33 N. Line, NW 1/4, Sec. 7-50-33 1407.36' N8924'06"W co 40TH STREET N89°24`06"W 1438.31' UNPLATTED 541.30' Lot 5 465,236 S.F. 10.680 Acres L3C LMAN BOTTOMS QUSNC SS Nam LOT 2113 60' R/W 1 0 f+) 0) 0 60' R/W to 0 N45 23'28"E 11.93' cc 432.03' Lot 2 289,132 S.F. 6.638 Acres 396.94' S47° 22'42 "W 31.22' L=108.55' R=530.00' CB=508 °22'50"W CL=108.36' o 0 � o Ci Q Z �W LU O 1.1.1 oo = o -24.82' L=115°42' R=470.00' CB=S07 ° 12'47"W CL=115.13' S00 ° 1041"W 409.76 POINT OF COMMENCEMENT NW Cor., NE 1/4 Cor Sec. 7, T5ON, R33W Fnd. PK Nail In 1" Pipe 0 of N 524.76' cc of -25.18' 60' R/W SE Cor. NE 1/4, NW 1/4 Sec. 7, T5ON, R33W Fnd. 1/2" Rebar NW 1/4, Sec. 7-50-33 NE 1/4, Sec. 7-50-33 N• N A;N POINT OF BEGINNING 20'] B L OMAK BOTTOMS Lo3MSSKLESSSS PARK LOT S89 23'88"E(D) 43RD STREET S89 °24`06"E 975.47 709.80' S8924'06"E S. Line, SE 1/4, Sec. 6-50-33 N. Line, NE 1/4, Sec. 7-50-33 0 50' 100' 20' WL/E Bk. 1057, Pg. 802 244.37' 4 1ST STREET N89 °24'06"W 853.95' UNIPLATTED S89 °24'06"E 959.82' 974.54' 474.97' Lot 1 318,598 S.F. 7.314 Acres Tract A N8924'06"W Tract B 139,324 S.F. 3.198 Acres D/E Bk. 1183, Pg. 73.95' Ex. 55' R/W 35' r- U/E Bk. 1183, Pg. 994 90.88' 96.68' R=500' 102.48' O L 55.00' N89'43'45 N L 75.00' N89'43'45"W 21.21' 3.11' 30.01' 96.68' -�� R=500' S89 24'06 E 3.71' 48.64' 48,360 S.F. 1.110 Acres N89 °24'06"W 974.04' MMPI/ TTC DD Prepared For: The Industrial Development Authority of the City of Riverside, Missouri 2950 NW Vivion Road Riverside, Missouri 64150 (816) 741-3993 Date of Preparation: April 2, 2013 0 0 Si 9°00'26"E(D) 24.49'(D) S19° 00'11 "E 35.05' ARGOO NNOWATMOK PARK LOT 3 S23°42'07"W(D) S23 °42'22"W 20.04' N89 23'59 "W(D) N89 °23`44"W 42.92' S00 33'14"E(D) 41ST STREET 50,0°32'59"E 99.86' MATTOX ROAD 25.00- 0 ARGOO NINOWa u DON PARK LOT 20' -S00 ° 16'14"W 25.00' 589°24'06"E 14.84' S8757.06”E 1570.07' SE Cor. SE 1/4, Sec. 6, T5ON, R33W Fnd. 3/4" Rebar In Monument Box Metro Control Station PL -66 (See Note) 13-0126 RIVERSIDE HORIZONS WEST FIRST PLAT Sheet 1 of 2 Re dissdnce infrdstructure onsulti g R° I 11490 Strang Line Road 1 Lenexa, Kansas 66215 1 (913) 317-9500 1 www.reninfrastructure.com IDA RESOLUTION NO. 2013-005 IDA RESOLUTION NO. 2013-005 A RESOLUTION APPROVING AND AUTHORIZING AN ALLOCATION OF LEVEE DISTRICT ASSESSMENTS AGREEMENT TOGETHER WITH THE EXECUTION AND DELIVERY OF DOCUMENTS AND ACTIONS RELATING THERETO (RIVERSIDE HORIZONS WEST FIRST PLAT) WHEREAS, the Industrial Development Authority of the City of Riverside, Missouri ("Authority") and Horizons West Land, LLC ("West Land") each own certain property ("Property") in the Horizons development area that was originally assessed by the Riverside- Quindaro Bend Levee District ("Levee District") as set forth in Exhibit "A"; and WHEREAS, the Property has been subdivided into two or more smaller parcels and it is necessary to allocate the benefits afforded by the by the Levee District and assessments among the various smaller parcels and the Board of Directors finds it to be in the best interest of the Authority to allocate the benefits as set forth in Exhibit "B" attached hereto; NOW THEREFORE, BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: THAT the President is hereby authorized to execute and deliver the Agreement Allocating Benefits for Levee District Assessments Relating to The Riverside Quindaro Bend Levee District of Platte County, Missouri by and between the Industrial Development Authority of the City of Riverside, Missouri and West Land in substantially the same form as attached hereto as Exhibit "B", with such changes as are approved by the officer executing such document, such execution being conclusive proof of such approval, the Assistant Secretary is authorized to attest thereto; FURTHER THAT the President and Assistant Secretary are hereby authorized to execute such additional documents and take such actions as are necessary or desirable to effectuate the intent of this Resolution; PASSED AND ADOPTED by the Industrial Development Authority and APPROVED by the President of the Industrial Development Authority of the City of Riverside, Missouri, the day of , 2013. Leland Finley, President ATTEST: Sarah Wagner, Assistant Secretary Title of Document: Agreement Allocating Benefits for Levee District Tax Assessments Relating to the Riverside Quindaro Bend Levee District of Platte County, Missouri. Date of Document: , 2013 IDA: The Industrial Development Authority of the City of Riverside, Missouri Address: 2950 NW Vivion Road Riverside, MO 64150 West Land: City of Riverside Address: 2950 NW Vivion Road Riverside, MO 64150 Legal Description: See Exhibit A RETURN RECORDED DOCUMENT TO CITY OF RIVERSIDE City of Riverside Attn: Sarah Wagner 2950 NW Vivion Road Riverside, MO 64150 (816)741-3993 1 AGREEMENT ALLOCATING BENEFITS FOR LEVEE DISTRICT TAX ASSESSMENTS RELATING TO THE RIVERSIDE QUINDARO BEND LEVEE DISTRICT OF PLATTE COUNTY, MISSOURI This Agreement is made as of , 2013 between THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI, a Missouri corporation ("IDA"), having an address of 2950 NW Vivion Road, Riverside, MO 64150 and HORIZONS WEST LAND, LLC, a Missouri limited liability company ("West Land"), having an address of 6300 NW Revere — Suite 225, Kansas City, MO 64151. Whereas, In The Matter of Riverside-Quindaro Bend Levee District Platte County, Missouri, Case No. 99 CC 00930, in the Circuit Court of Platte County, Missouri, Sixth Judicial District (the "Court"), benefits in the amount of $5,157,528 ("Benefits") were assessed against the property generally known in the Riverside-Quindaro Bend Levee District of Platte County, Missouri ("Levee District") as Tax Parcel Nos. 23-3.0-06-000-000-094-000, 23-3.0-06-000-000- 102-000 and 23-3.0-07-000-000-012-000, legally described in Exhibit A ("Original Tracts"); 23- 3.0-07-000-000-018-000, 23-3.0-06-000-000-107-000, 23-3.0-07-000-000-011-000 and that portion of Tax Parcel No. 23-3.0-07-000-000-010-000 legally described in Exhibit A ("Right of Way Tracts"); and the remaining portion of Tax Parcel No. 23-3.0-07-000-000-010-000 legally described in Exhibit A ("Remainder Tract"), which together equaled a percentage of the Levee District annual benefit assessments allocated to the Original Tracts, Right of Way Tracts and Remainder Tract of 6.8719%; and Whereas, the Original Tracts and Right of Way Tracts have been subdivided or split into two or more parcels in accordance with the Riverside Horizons West First Plat ("New Tracts"); and Whereas, the Levee District assesses annual debt service, maintenance and other taxes based upon the benefits assessed by the Court against each tract of land; and Whereas, the parties desire that the Benefits of the Original Tracts and Right of Way Tracts be allocated between the New Tracts as set forth in this Agreement; NOW THEREFORE, in consideration of the mutual covenants and premises contained in this Agreement, and other good and valuable consideration acknowledged by the parties, the parties agree as follows: 1. Legal Description of Original Tracts. The parties represent and warrant that the legal description for the Original Tracts is as follows: See Exhibit "A", attached. 2. Legal Description of New Tracts. The Original Tracts and the Right of Way Tracts were divided by the IDA and West Land into the New Tracts in accordance with the Riverside Horizons West First Plat, and the Remainder Tract was not included in such plat, all are legally described in Exhibit "B" attached hereto and incorporated herein by reference. 2 3. Allocation of Benefits. 3.1 New Tracts. The parties hereby irrevocably agree that the Benefits shall be allocated from the Original Tracts and the Right of Way Tracts between the New Tracts as follows: New Lot #1: $407,787 (11.71% of the Original Tracts resulting in a total % of the Levee District annual benefit assessments of 0.5433% allocated to New Lot 1). New Lot #2: $368,897 (10.59% of the Original Tracts resulting in a total % of the Levee District annual benefit assessment of 0.4915% allocated to New Lot 2). New Lot #3: $1,211,695 (34.78% of the Original Tracts resulting in a total % of the Levee District annual benefit assessment of 1.6145% allocated to New Lot 3). New Lot #4: $902,798 (25.92% of the Original Tracts resulting in a total % of the Levee District annual benefit assessment of 0.2029% allocated to New Lot 4). New Lot #5: $592,236 (17.00% of the Original Tracts resulting in a total % of the Levee District annual benefit assessment of 0.7891% allocated to New Lot 5). New Tract #A: $0.00 (0.000% of the Original Tracts resulting in a total % of the Levee District annual benefit assessment of 0.0000% allocated to New Tract A). New Tract #B: $0.00 (0.000% of the Original Tracts resulting in a total % of the Levee District annual benefit assessment of 0.0000% allocated to New Tract B). 3.2 Remainder Tract. The parties hereby irrevocably agree that the Benefits shall be allocated to the Remainder Tract as follows: Remainder Tracts #31 and 43 — Parcel III: $1,674,115 (0.000% of the Original Tracts resulting in a total % of the Levee District annual benefit assessment of 2.2306% allocated to Tracts 31 and 43 — Parcel III). 4. Running with the Land. The provisions of this Agreement shall be perpetual covenants running with the land and shall inure to the benefit of the Levee District, the parties and their respective successors and assigns, and be binding upon the parties and their respective successors, assigns, and grantees, including but without limitation, all subsequent owners of any parcel or property affected hereby and all persons claiming under or through them. 5. Representations and Warranties. Each of the parties to this Agreement hereby represents and warrants to the other that each person executing this document has the full power and authority to execute this document on behalf of the respective IDA and West Land and has the power and authority to legally bind the respective IDA and West Land as set forth herein. 6. Recording. Each of the parties to this Agreement consent to the filing of this Agreement in the Office of the Platte County Recorder of Deeds and that a copy of such recorded document shall be provided to the Levee District by IDA. 3 7. Reliance and Third Party Beneficiary. The Levee District shall be entitled to rely upon this Agreement in preparing its Tax Book and all other records for the current year and every year thereafter. The parties agree that the Levee District is an intended third party beneficiary of this Agreement and may irrevocably rely upon the terms and provisions of this Agreement. 8. Amendments. This Agreement may not be revoked, amended or modified except in a writing executed by the parties. Such amendment must be recorded of record and a fully executed and recorded copy of each and every amendment must be provided to the Levee District as required for this Agreement under Section 6 above. No amendment shall be effective as to the Levee District unless and until a fully executed and recorded copy of such amendment is provided to the Levee District. To be effective for any tax year, such fully executed and recorded amendment must be actually received by the Levee District no later than August 15 of such tax year. IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the parties as of the date first above written. THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI HORIZONS WEST LAND, LLC, a Missouri limited liability company By: NORTHPOINT DEVELOPMENT, LLC, a Missouri limited liability company By: NORTHPOINT HOLDINGS, LLC, a Missouri limited liability company By: By: Name: Leland Finley Name: Nathaniel Hagedorn Title: President Title: Manager 4 STATE OF MISSOURI ) ) ss. COUNTY OF PLATTE ) On this day of , 2013, before me appeared Nathaniel Hagedorn to me personally known, who, being by me duly sworn, did say that he is the Manager of NorthPoint Holdings, LLC, a Missouri limited liability company, and that said instrument was signed on behalf of said company, by authority of its members; and he acknowledged said instrument to be the free act and deed of said company. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal in the County and State aforesaid, the day and year first above written. Notary Public My Commission Expires: STATE OF MISSOURI ) ss. COUNTY OF PLATTE ) On this day of , 2013, before me appeared Leland Finley to me personally known, who, being by me duly sworn, did say that he is the President of The Industrial Development Authority of the City of Riverside, Missouri a corporation incorporated in the State of Missouri, and that said instrument was signed on behalf of said corporation by authority of its Board of Directors; and that he acknowledged said instrument to be the free act and deed of said corporation. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal in the County and State aforesaid, the day and year first above written. My Commission Expires: 5 Notary Public EXHIBIT "A" LEGAL DESCRIPTION OF ORIGINAL BENEFIT ASSESSMENT TRACTS ORIGINAL TRACTS TRACT L: The Southeast Quarter of the Southwest Quarter of Section 6, Township 50 North, Range 33 West, Riverside, Platte County, Missouri. TRACT V: That part of Lots 1 and 2 of the Partition Plat of the George Roberts Estate, located in the East Half of Section 6, Township 50 North, Range 33 West, Riverside, Platte County, Missouri, bounded as follows: Beginning at the Southwest corner of said Lot 1 and running thence North along the West line of said Lot 1, 1428.7 feet, thence East in a line parallel to the South line of said Section 6, 1024.4 feet to the East line of said Lot 2; thence South along the East line of said Lot 2, 1428.7 feet to the Southeast corner of said Lot 2; thence West along the South line of said Lots 1 and 2, the same being also the South line of said Section 6, 1019.7 feet to the Point of Beginning, EXCEPT the South 677.84 feet of said Lots 1 and 2, the Partition Plat of the George Roberts Estate. ALL EXCEPT that portion of the above described tract which was conveyed to the Riverside—Quindaro Bend Levee District of Platte County, Missouri for roadway purposes. ALSO LESS AND EXCEPT THE FOLLOWING DESCRIBED REAL PROPERTY AS CONVEYED TO THE CITY OF RIVERSIDE, MISSOURI BY RIGHT OF WAY DEED RECORDED MAY 31, 2012 AS INSTRUMENT NO. 2012007768 IN BOOK 1191 AT PAGE 579: All that part of the Southeast Quarter of Section 6, Township 50 North, Range 33 West, in the City of Riverside, Platte County, Missouri, described as follows: COMMENCING at the Southwest corner of the Southeast Quarter of Section 6, Township 50 North, Range 33 West; thence South 89 degrees 23 minutes 51 seconds East along the South line of the Southeast Quarter of said Section 6 a distance of 989.93 feet to a point on the Southerly prolongation of the West right of way of Mattox Road; thence North 0 degrees 15 minutes 59 seconds East along the West right of way line of Mattox Road and its prolongation a distance of 677.77 feet to the POINT OF BEGINNING; thence North 89 degrees 25 minutes 07 seconds West a distance of 54.46 feet to a point; thence North 0 degrees 33 minutes 14 seconds West a distance of 99.86 feet to a point; thence South 89 degrees 23 minutes 59 seconds East a distance of 42.92 feet to a point; thence North 23 degrees 42 minutes 07 seconds East a distance of 20.04 feet to a point; thence North 0 degrees 15 minutes 59 seconds East a distance of 569.54 feet to a point; thence North 19 degrees 00 minutes 26 seconds West a distance of 24.49 feet to a point on the South right of way line of 43rd Street; thence South 89 degrees 23 minutes 59 seconds East along the South right of way line of 43rd Street a distance of 13.08 feet to a point on the West right of way line of Mattox Road; thence South 0 degrees 15 minutes 59 seconds West along the West right of way line of Mattox Road a distance of 710.87 feet to the POINT OF BEGINNING and containing 8,730 Square Feet or 0.200 Acres, more or less. 6 TRACT C Part of the Northwest Quarter of Fractional Section 7, Township 50 North, Range 33 West, in the City of Riverside, Platte County, Missouri, described as follows: Commencing at the Northeast corner of said Northwest Quarter; thence South 00°20'45" West, coincident with the East line of said Northwest Quarter, 25.00 feet to the Point of Beginning; thence continuing South 00°20'45" West, coincident with said East line, 324.77 feet; thence departing said East line, North 89°23'44" West, parallel with the North line of said Northwest Quarter, 1,408.32 feet to a point on the East line of the Levee right-of-way line as recorded as Document No. 19451, in Book 957, Page 142, by the Platte County Recorder of Deeds; thence North 02° 14'31" West, coincident with said East right-of-way line, 111.13 feet; thence North 00°51'31" East, continuing along said East right-of-way line, 238.68 feet to a point on the North line of said Northwest Quarter; thence South 89°23'44" East, coincident with said North line, 1,352.50 feet to a point 50.00 feet West of the Northeast corner thereof; thence departing said North line, South 00°20'45" West, parallel with the East line of said Northwest Quarter, 25.00 feet; thence South 89°23'44" East, parallel the North line of said Northwest Quarter, 50.00 feet to the Point of Beginning. RIGHT OF WAY TRACTS TRACT H: A tract of ground 25 feet in width described as follows: Commencing at the Northwest corner of the Northeast Quarter of Section 7, Township 50 North, Range 33 West, Riverside, Platte County, Missouri, thence South along the centerline of said Section 7, a distance of 25 feet; thence East along a line parallel to the North line of said Section 7 to the West right of way line of Mattox Road; thence North along the West right of way line of Mattox Road to the North line of Section 7; thence West along the North line of said Section 7 to the Point of Beginning TRACT III: A tract of ground 25 feet in width described as follows: Commencing at the Southwest corner of the Southeast Quarter of Section 6, Township 50 North, Range 33 West, Riverside, Platte County, Missouri, thence East along the South line of Lots 1 and 2 of Partition Plat of the George Roberts Estate (located in the East '/2 of Section 6, Township 50 North, Range 33 West) to the Southeast corner of Lot 2 of said Partition Plat of George Roberts Estate, said point being the right of way of Mattox Road; thence North along the East line of said Lot 2 of the Partition Plat of the George Roberts Estate, 25 feet; thence West along a line parallel to the South lines of said Lots 1 and 2 of the Partition Plat of the George Roberts Estate (which said South line runs along the South line of Section 6) to the West line of Lot 1 of said Partition Plat of the George Roberts Estate (which said West line runs along the North-South centerline of Section 6) thence South along the West line of said Lot 1 of the Partition Plat of the George Roberts Estate to the Point of Beginning. TRACT IV A tract of ground 25 feet in width described as follows: Commencing at the Northeast corner of the Northwest Quarter of Section 7, Township 50 North, Range 33 West, Riverside, Platte County, Missouri, thence South along the centerline of said Section 7, a distance of 25 feet; thence West along a line parallel to the North line of said Section 7, a distance of 50 feet; thence 7 North along a line parallel to the centerline of said Section 7 to the North line of said Section 7, thence East along the North line of said Section 7 to the Point of Beginning TRACT B That part of the Northeast Quarter of Section 7, Township 50 North, Range 33 West, in the City of Riverside, Platte County, Missouri, more particularly described as follows: Commencing at the Northwest corner of the Northeast Quarter corner of said Section 7; thence coincident with the North line of said Northeast Quarter, South 89°24'06" East, 30.00 feet; thence departing said North line, and parallel with the West line of said Northeast Quarter, South 00°20'28" West, 25.00 feet to the Point of Beginning; thence parallel with the North line of said Northeast Quarter, South 89°24'06" East, 974.54 feet; thence South 00°32'18" West, 143.00 feet; thence parallel with the North line of said Northeast Quarter, North 89°24'06" West, 974.04 feet; thence parallel with the West line of said Northeast Quarter, North 00°20'28" East, 143.00 feet to the Point of Beginning, containing 139,324 square feet, or 3.198 acres, more or less. TRACT X Beginning at the Northwest corner of said Northeast Quarter; thence coincident with the North line of said Northeast Quarter, South 89°24'06" East, 30 feet; thence departing said North line, South 00°20'28" West, 349.77 feet; thence parallel with the North line of said Northeast Quarter, North 89°24'06" West, 30.03 feet to a point on the West line of said Northeast Quarter; thence coincident with said West line, North 00°20'28" East, 349.77 feet to the Point of Beginning, containing 10,493 square feet, or 0.241 acres, more or less. REMAINDER TRACT TRACTS 31 AND 43- PARCEL III All of the Northwest Quarter of the Northeast Quarter of Section 7, Township 50, Range 33, in the City of Riverside, Platte County, Missouri being described as follows: Beginning at the Northwest corner of the of the Northeast Quarter of said Section 7; Thence South 87° 23' 44" East, along the North line of said Northeast Quarter 1,302.06 feet to the Northeast corner of said Northwest Quarter; thence South 0° 20' 12" West, along the East line of said Northwest Quarter, 1,315.99 feet to the Southeast corner of said Northwest Quarter; thence North 89° 24' 18" West, along the South line of said Northwest Quarter, 1,0302.27 feet to the Southwest corner of said Northwest Quarter; thence North 0° 20' 45" East, along the West line of said Northeast Quarter, 1,316.20 feet to the Point of Beginning. Containing 39.34 acres, more or less. EXCEPT: That part of the Northeast Quarter of Section 7, Township 50 North, Range 33 West, in the City of Riverside, Platte County, Missouri, more particularly described as follows: Beginning at the Northwest corner of said Northeast Quarter; thence coincident with the North line of said Northeast Quarter, South 89°24'06" East, 1004.62 feet; thence departing said North line, South 00°32'18" West, 168.00 feet; thence parallel with the North line of said Northeast Quarter, North 89°24'06" West, 974.04 feet; thence parallel with the West line of said Northeast Quarter, South 00°20'28" West, 181.77 feet; thence parallel with the North line of said Northeast 8 Quarter, North 89°24'06" West, 30.03 feet to a point on the West line of said Northeast Quarter; thence coincident with said West line, North 00°20'28" East, 349.77 feet to the Point of Beginning, containing 174,187 square feet, or 3.999 acres, more or less. 9 EXHIBIT "B" LEGAL DESCRIPTION OF NEW BENEFIT ASSESSMENT TRACTS NEW TRACTS LOT1 Lot 1 of Riverside Horizons West First Plat, a subdivision of land in the City of Riverside, Platte County, Missouri. LOT2 Lot 2 of Riverside Horizons West First Plat, a subdivision of land in the City of Riverside, Platte County, Missouri. LOT3 Lot 3 of Riverside Horizons West First Plat, a subdivision of land in the City of Riverside, Platte County, Missouri. LOT4 Lot 4 of Riverside Horizons West First Plat, a subdivision of land in the City of Riverside, Platte County, Missouri. LOTS Lot 5 of Riverside Horizons West First Plat, a subdivision of land in the City of Riverside, Platte County, Missouri. TRACT A Tract A of Riverside Horizons West First Plat, a subdivision of land in the City of Riverside, Platte County, Missouri. TRACT B Tract B of Riverside Horizons West First Plat, a subdivision of land in the City of Riverside, Platte County, Missouri. REMAINDER TRACT TRACTS 31 AND 43- PARCEL HI All of the Northwest Quarter of the Northeast Quarter of Section 7, Township 50, Range 33, in the City of Riverside, Platte County, Missouri being described as follows: Beginning at the Northwest corner of the of the Northeast Quarter of said Section 7; Thence South 87° 23' 44" East, along the North line of said Northeast Quarter 1,302.06 feet to the Northeast corner of said 10 Northwest Quarter; thence South 0° 20' 12" West, along the East line of said Northwest Quarter, 1,315.99 feet to the Southeast corner of said Northwest Quarter; thence North 89° 24' 18" West, along the South line of said Northwest Quarter, 1,0302.27 feet to the Southwest corner of said Northwest Quarter; thence North 0° 20' 45" East, along the West line of said Northeast Quarter, 1,316.20 feet to the Point of Beginning. Containing 39.34 acres, more or less. EXCEPT: That part of the Northeast Quarter of Section 7, Township 50 North, Range 33 West, in the City of Riverside, Platte County, Missouri, more particularly described as follows: Beginning at the Northwest corner of said Northeast Quarter; thence coincident with the North line of said Northeast Quarter, South 89°24'06" East, 1004.62 feet; thence departing said North line, South 00°32'18" West, 168.00 feet; thence parallel with the North line of said Northeast Quarter, North 89°24'06" West, 974.04 feet; thence parallel with the West line of said Northeast Quarter, South 00°20'28" West, 181.77 feet; thence parallel with the North line of said Northeast Quarter, North 89°24'06" West, 30.03 feet to a point on the West line of said Northeast Quarter; thence coincident with said West line, North 00°20'28" East, 349.77 feet to the Point of Beginning, containing 174,187 square feet, or 3.999 acres, more or less. 11