e ar e elee d Urban Mixed-Use Land Available Westworth Village, … · 2019-02-07 · e ar e elee d...

Kite Farms - 5700 White Settlement Rd. Urban Mixed-Use Land AvailableWestworth Vil lage, Texas | Tarrant County

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2018

Edward [email protected] x 102

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with

respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2017

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Existing zoning: Single Family Residential *Ownership is willing to give time for a re-zone if required.

ZONING:

TRAFFIC COUNTS: TX-183: 29,638 VPD

Available to siteUTILITIES:

DEMOGRAPHICS:

Property OverviewSIZE: ± 22 Acres

2018 Population 1 Mile: 10,7752018 Population 2 Mile: 35,2962018 Population 3 Mile: 87,138% Proj Growth 2018-2023 1 Mile: 2.51% Proj Growth 2018-2023 2 Mile: 1.44% Proj Growth 2018-2023 3 Mile: 1.45Total Daytime Population 1 Mile: 7,643Total Daytime Population 2 Mile: 29,847Total Daytime Population 3 Mile: 105,050Total Daytime Employees 1 Mile: 2,062Total Daytime Employees 2 Mile: 12,171Total Daytime Employees 3 Mile: 58,5232018 Median HH Income 1 Mile: $43,8542018 Median HH Income 2 Mile: $54,2452018 Median HH Income 3 Mile: $47,8362018 Average HH Income 1 Mile: $57,4882018 Average HH Income 2 Mile: $88,5492018 Average HH Income 3 Mile: $73,593Median Home Value 1 Mile: $91,135Median Home Value 2 Mile: $181,340Median Home Value 3 Mile: $136,042



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JIMMIE DEE EVANSMARGARET EVANS

(VOL. 13842, PG. 260)

LOT 5, BLOCK 2SKYACRES ADDITION(VOL. 388-L, PG. 20)

LOT 7, BLOCK 1SKYACRES ADDITION(VOL. 388-L, PG. 20)

SAMUEL H. KITE &ALENE KITE

(VOL. 4674, PG. 371)(FILED JAN. 29, 1969)

SAMUEL H. KITE &WANDA A. KITE

(VOL. 5724, PG. 808)(FILED OCT. 11, 1974)

DENISE M. LEWIS(VOL. 6632, PG. 210)

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WOODSHED 3,488 SQ. FT.

MULTI-STORYBRICK BUILDING1,495 SQ. FT.

ONE-STORYBUILDING

1,318.16 SQ. FT.ONE-STORY

BUILDING

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15' TARRANT COUNTYSANITARY SEWER EASEMENT(VOL. 7197, PG. 965)

FORT WORTH GROWTHPARTNERS, LP

(INST. NO. D215081482)

PART OF BLO

CK 5

SAM ROSEN SUBDIVISIO

N

CONNELLEY & C

ARROLL SURVEY

(VOL.

309,

PG. 54)

SAMUEL H. K

ITE

WANDA A. KITE

(VOL.

8797

, PG. 1

258)

(FILED: D

EC. 3, 1

986)

PART OF BLO

CK 5


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CONNELLEY & C

ARROLL SURVEY

(VOL.

309,

PG. 54)

SAMUEL H. KITEAILEEN KITE

(VOL. 5825, PG. 416)(FILED: MAY 21, 1975)

PART OF BLO

CK 5


N

CONNELLEY & C

ARROLL SURVEY

(VOL.

309,

PG. 54)

TARRANT COUNTY WATERCONTROL IMPROVEMENTDISTRICT NUMBER ONE

(VOL. 4254, PG. 457)

20.9836 ACRES914,047 SQ. FT.

S87°41'34"W147.04'

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3"W

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S7°52'01"E36.47'

N56°58'24"E352.24' S46°27'55"E

37.43'

S30°52'33"E51.67'

S58°10'45"E

70.39'

N45°15'19"E48.75'

S40°33'08"E119.07'

N53°15'27"E125.37'

S32°12'16"E287.29'

S21°01'50"E

95.16'

S18°37'27"E

63.69'

S10°28'28"E227.13'

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2'33

"W26

5.15

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S87°10'48"W 430.37'

S87°46'03"W 393.60'

S2°25'57"E25.00'S87°34'03"W

101.00'

TRACT ONEVIRGINIA ELLEN PARSONS

(INST. NO. D200131128)

PART OF BLOCK 5SAM ROSEN SUBDIVISION

CONNELLEY & CARROLL SURVEY(VOL. 309, PG. 54)

30' TEXAS MIDSTREAM GAS SERVICES, L.L.C.PIPELINE EASEMENT AND RIGHT-OF-WAY(INST. NO. D211013391)

TRACT 1DENISA M. LEWIS

(VOL. 8521, PG. 778) TRACT 2DENISA M. LEWIS

(VOL. 8521, PG. 778)

5/8" IRF(C.M.)

5/8" IRF

1/2" IRF(C.M.)

DEED LINE

DEED LINE &EAST LINE OF BLOCK 5

DEED LINE

WOODSHED

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POND

ASPHALTPAVEMENT

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BLOCK 1PECAN ACRES

(VOL. 388-164, PG. 92)

LOT 10LOT 11LOT 12

LOT 13

PECAN DRIVE(A 50-FOOT WIDE RIGHT-OF-WAY)

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(A 50-FOOT WIDE RIGHT-OF-WAY)

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APPROXIMATE LIMITOF F.E.M.A. 100-YEARFLOODPLAIN



ZONE AE

ZONE X SHADEDPROTECTED FROM THE 1% ANNUAL CHANCE FLOOD

BY LEVEE, DIKE OR OTHER STRUCTURE SUBJECTTO FAILURE OR OVERTOPPING DURING LARGER FLOODS

ZONE X5700 WHITE SETTLEMENT ROAD

SAUNDERS LORI Y(INST. NO. D215039532)

TOOTHE SHELBY

(INST. NO. D212108462)

THORNTON PATRICIA

(INST. NO. D205191723)

±465 TO WAGGONER LANE

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APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLICRECORD)

APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLIC

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APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLIC

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APPARENT UTILITY ENCROACHMENT(EASEMENT NOT FOUND IN THE PUBLICRECORD)

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5/8" IRF

IRSC

1/2" IRON HOOKFOUND

1" HEX BOLT FOUND

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Copyright © 2018Kimley-Horn and Associates, Inc.

All rights reserved

ALTA/NSPS LAND TITLE SURVEY20.9836 ACRE TRACT

NATHAN H. CARROLL SURVEY,ABSTRACT NO. 264

CITY OF WESTWORTH VILLAGE, TARRANT COUNTY, TEXAS

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CDP1" = 60'Checked by Date Project No. Sheet No.

Fort Worth, Texas 76102801 Cherry Street, Unit 11, # 1300 Tel. No. (817) 335-6511

www.kimley-horn.comFIRM # 10194040

MCB 10/25/2018 061296702 1 OF 1

GRAPHIC SCALE IN FEET060 30 60 120

1" = 60' @ 24X36

NORTH

SURVEYORS CERTIFICATION:

To: Philip Kite (client);Fidelity National Title Insurance Company (underwriter); andFidelity National Title Agency, Inc. (agent):

This is to certify that this map or plat and the survey on which it is based were made in accordance with the 2016Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, jointly established and adopted by ALTAand NSPS, and includes Items 1, 2, 3, 4, 7(a), 7(b)(1), 8, 11, 13, 14, and 21 of Table A thereof. The field work wascompleted on October 25, 2018.

Survey Date: October 25, 2018

_______________________________________Michael Cleo BillingsleyRegistered Professional Land Surveyor No. 6558Kimley-Horn and Associates, Inc.801 Cherry Street, Unit 11, Suite 1300Fort Worth, Texas 76102Ph. [email protected]

DESCRIPTION OF PROPERTY SURVEYED:

BEING a 20.9836 acre (914,047 square foot) tract of land situated in the Nathan H. Carroll Survey, Abstract No. 264, Cityof Westworth Village, Tarrant County, Texas; said tract being part of Block 5, Sam Rosen Subdivision Connelley & CarrollSurvey, an addition to the City of Westworth Village according to the plat recorded in Volume 309, Page 54 of the PlatRecords of Tarrant County, Texas; said tract being all of that tract of land described in Warranty Deed with Vendor's Liento Samuel H. Kite and Alene Kite recorded in Volume 4674, Page 371 of the Deed Records of Tarrant County, Texas; allof that tract of land described in Warranty Deed with Vendor's Lien to Samuel H. Kite and Wanda A. Kite recorded inVolume 5724, Page 808 of said Deed Records; all of that tract of land described in Warranty Deed to Samuel H. Kite andAileen Kite recorded in Volume 5825, 16 of said Deed Records; and all of that tract of land described in deed toSamuel H. Kite and Wanda A. Kite recorded in Volume 8797, Page 1258 of said Deed Records; said tract being moreparticularly described as follows:

BEGINNING at a 5/8-inch iron rod found in the north right-of-way line of White Settlement Road (a variable widthright-of-way); said point being the southwest corner of that tract of land described in Warranty Deed to Tarrant CountyWater Control and Improvement District Number One recorded in Volume 4254, Page 457 of said Deed Records;

THENCE along the said north line of White Settlement Road, the following five (5) calls:

South 87°10'48" West, a distance of 430.37 feet to an angle point;

South 87°46'03" West, a distance of 393.60 feet to a 3/8-inch iron rod found for corner;

South 2°25'57" East, a distance of 25.00 feet to a 3/8-inch iron rod found for corner;

South 87°34'03" West, a distance of 101.00 feet to a 3/8-inch iron rod found for angle point in the east line of saidBlock 5;

South 87°41'34" West, a distance of 147.04 feet to a 1/2-inch iron rod found for corner;

THENCE North 1°00'23" West, departing the said north line of White Settlement Road, a distance of 873.30 feet to a5/8-inch iron rod with "KHA" cap set for corner in the south line of Block 1, Pecan Acres, an addition to the City ofWestworth Village according to the plat recorded in Volume 388-164, Page 92 of said Plat Records;

THENCE North 87°04'12" East, along the said south line of Block 1, a distance of 224.45 feet to a 5/8-inch iron rod with"KHA" cap set for corner in the south line of that tract of land described in Warranty Deed with Vendor's Lien to JimmieDee Evans and Margaret Evans recorded in Volume 13842, Page 260 of said Deed Records;

THENCE South 7°52'01" East, along the said south line of the Jimmie Dee Evans and Margaret Evans tract, a distanceof 36.47 feet to a 1/2-inch iron rod with "LANDES" cap found for corner;

THENCE North 56°58'24" East, continuing along the said south line of the Jimmie Dee Evans and Margaret Evans tract,a distance of 352.24 feet to a 1/2-inch iron rod found for corner in the southwest right-of-way line of Skyacres Drive (a50-foot wide right-of-way);

THENCE, in a southeasterly direction, along the apparent southwest right-of-way line of Skyacres Drive (dedication notfound south of said Skyacres Addition), the following three (3) calls:


South 30°52'33" East, a distance of 51.67 feet to a 1/2-inch iron hook found for corner;

South 58°10'45" East, a distance of 70.39 feet to a 1-inch hex bolt found for corner;

THENCE North 45°15'19" East, a distance of 48.75 feet to a point for corner; said point being the west corner of that tractof land described in Warranty Deed to Denise M. Lewis recorded in Volume 6632, Page 210 of said Deed Records;

THENCE South 40°33'08" East, along the southwest line of said Denise M. Lewis tract, a distance of 119.07 feet to a5/8-inch iron rod with "KHA" cap set for corner; said point being the south corner of said Denise M. Lewis tract;

THENCE North 53°15'27" East, along the southeast line of said Denise M. Lewis tract, a distance of 125.37 feet to a3/8-inch iron rod found for corner in the southwest line of said Tarrant County Water Control Improvement DistrictNumber One tract;

THENCE in a southerly direction, along the said southwest line of the Tarrant County Water Control Improvement DistrictNumber One tract, the following five (5) calls:





South 3°02'33" West, a distance of 265.15 feet to the POINT OF BEGINNING and containing 20.9836 acres or914,047 square feet of land, more or less.

I

OETATS SAXETF

REGISTERED

6558

FLOOD STATEMENT:

According to Community Panel No. 480615170K, dated September 25, 2009 of the National Flood InsuranceProgram Map, Flood Insurance Rate Map of Westworth Village, Texas, Federal Emergency ManagementAgency, Federal Insurance Administration, part of this property is within a special flood hazard area. If thissite is not within an identified special flood hazard area, this flood statement does not imply that the propertyand/or the structures thereon will be free from flooding or flood damage. On rare occasions, greater floodscan and will occur and flood heights may be increased by man-made or natural causes. This flood statementshall not create liability on the part of the surveyor.

NOTES:

The bearing system for this survey is based on the Texas Coordinate System of 1983, North Central Zone 4202 based on observations made on October 9, 2018 with an applied combined scale factor of 1.00012.

Except as specifically stated or shown on this plat, this survey does not purport to reflect any of the following which may be applicable to the subject tract: easements, building setback lines, restrictive covenants, subdivision restrictions,zoning or other land-use regulations, agreements, lease agreements and ownership title evidence.

Any declaration made hereon or herein is made to the original purchaser of the survey. It is not transferable to additional institutions or subsequent owners.

This survey does not provide a determination or opinion concerning the location of existing wetlands, fault lines, toxic or hazardous waste areas, subsidence, subsurface and environmental conditions or geological issues. No statement ismade concerning the suitability of the subject tract for any intended use, purpose or development.

The word "certify" or "certificate" as shown and used hereon means an expression of professional opinion regarding the facts of the survey and does not constitute a warranty or guarantee, expressed or implied.

The underground utilities shown hereon per utility locator maps provided by the City of Westworth Village and the City of Fort Worth as well as visible above ground utility appurtenances and the result of Texas 811 locator marks requestedby Locate Nos. 1878183256 and 1879509728.

LINE TYPE LEGENDBOUNDARY LINEEASEMENT LINEBUILDING LINEWATER LINESANITARY SEWER LINESTORM SEWER LINEUNDERGROUND GAS LINEOVERHEAD UTILITY LINEUNDERGROUND ELECTRIC LINEUNDERGROUND TELEPHONE LINEFENCECONCRETE PAVEMENTASPHALT PAVEMENTFIRE LANE

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LEGENDROOF DRAINCABLE TV BOXCABLE TV HANDHOLECABLE TV MANHOLECABLE TV MARKER FLAGCABLE TV MARKER SIGNCABLE TV VAULTCOMMUNICATIONS BOXCOMMUNICATIONS HANDHOLECOMMUNICATIONS MANHOLECOMMUNICATIONS MARKER FLAGCOMMUNICATIONS MARKER SIGNCOMMUNICATIONS VAULTELEVATION BENCHMARKFIBER OPTIC BOXFIBER OPTIC HANDHOLEFIBER OPTIC MANHOLEFIBER OPTIC MARKER FLAGFIBER OPTIC MARKER SIGNFIBER OPTIC VAULTMONITORING WELLGAS HANDHOLEGAS METERGAS MANHOLEGAS MARKER FLAGGAS SIGNGAS TANKGAS VAULTGAS VALVETELEPHONE BOXTELEPHONE HANDHOLETELEPHONE MANHOLETELEPHONE MARKER FLAGTELEPHONE MARKER SIGNTELEPHONE VAULTPIPELINE MARKER SIGNELECTRIC BOXFLOOD LIGHTGUY ANCHORGUY ANCHOR POLEELECTRIC HANDHOLELIGHT STANDARDELECTRIC METERELECTRIC MANHOLEELECTRIC MARKER FLAGELECTRIC MARKER SIGNUTILITY POLEELECTRIC TRANSFORMERELECTRIC VAULTHANDICAPPED PARKINGSIGNMARQUEE/BILLBOARDBORE LOCATIONFLAG POLEGREASE TRAP

MAIL BOXSANITARY SEWER CLEAN OUTSANITARY SEWER MANHOLESANITARY SEWER MARKER FLAGSANITARY SEWER MARKER SIGNSANITARY SEWER SEPTIC TANKSANITARY SEWER VAULTSTORM SEWER BOXSTORM SEWER DRAINSTORM SEWER MANHOLESTORM SEWER VAULTTRAFFIC BARRIERTRAFFIC BOLLARDTRAFFIC BOXCROSS WALK SIGNALTRAFFIC HANDHOLETRAFFIC MANHOLETRAFFIC MARKER SIGNTRAFFIC SIGNALTRAFFIC VAULTUNIDENTIFIED BOXUNIDENTIFIED HANDHOLEUNIDENTIFIED METERUNIDENTIFIED MANHOLEUNIDENTIFIED MARKER FLAGUNIDENTIFIED MARKER SIGNUNIDENTIFIED POLEUNIDENTIFIED TANKUNIDENTIFIED VAULTUNIDENTIFIED VALVETREEWATER BOXFIRE DEPT. CONNECTIONWATER HAND HOLEFIRE HYDRANTWATER METERWATER MANHOLEWATER MARKER FLAGWATER MARKER SIGNWATER VAULTWATER VALVEAIR RELEASE VALVEWATER WELL

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5/8" IRON ROD W/ "KHA" CAP SETIRON ROD WITH CAP FOUNDPK NAIL SETPK NAIL FOUNDIRON ROD FOUND

"X" CUT IN CONCRETE SET"X" CUT IN CONCRETE FOUND

IPF IRON PIPE FOUNDADF ALUMINUM DISK FOUND

MNF MAG NAIL FOUNDC.M. CONTROLLING MONUMENT

NOTES ADDRESSING SCHEDULE B EXCEPTIONS:

(Pursuant to Commitment for Title Insurance, provided by Fidelity National Title Insurance Company, GF. No.FTDAL-34-4403402397, effective date October 1, 2018, issued October 15, 2018.)

10(h) 15' Tarrant County Sanitary Sewer Easement recorded in Volume 7197, Page 965 affects the subject tract asshown hereon.

10(i) Non-survey item.

10(j) 30' Texas Midstream Gas Services, L.L.C. recorded in Instrument No. D211013391 of the Official Public Recordsof Tarrant County, Texas affects the subject tract as shown hereon.

N.T.S.VICINITY MAP

NORTH

TARRANT COUNTY WATERCONTROL IMPROVEMENTDISTRICT NUMBER ONE

(VOL. 4254, PG. 457)



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Kite Farms Highlights

• Trophy Urban Infill Location on White Settlement

• Largest available development site along the corridor

• Strong demographics and neighboring neighborhoods

• Located adjacent to the quickly-growing, vibrant River District

• Crystal Springs

• +-1,000 feet along the Trinity River with direct connectivity to the Trinity River Trail system.

• High-traffic intersection

• Burton Hill Elementary is considered in the top-tier in Tarrant County, with an impressive Spanish magnet and special needs programs.

• One of the fastest-growing labor forces in the U.S.

• The Labor force in Fort Worth grew by 27.4% from December 2007 (pre-recession) to December 2016. This is 7.4 times faster than

the national labor force, which grew at 3.7%. This same period Fort Worth added 84,648 jobs, increasing its employment by 27.8%.

• During the same period Texas increased its employment by 15.7%, while national employment increased by 4.0%

• Additional property can be made available upon request.



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The River District Highlights

In our episodic highlighting of new property developments in Tarrant County, we turn west, toward The River District. Nestled on the banks of the Trinity River between Isbell Road and Roberts Cutoff, and bisected by White Settlement Road, the River District is a jumping off point for almost everything Fort Worth–– from the Stockyards to the north to the Cultural District and downtown, the locally-cultivated community offers outdoor pursuits, indoor entertainment, unique restaurants, boutique office spaces and a variety of living options. River District provides access to more than two miles of Trinity River trails, and you can walk, run or bike to your heart’s content.

Food and Drink Salsa Limon’s beautiful Distrito restaurant was the development’s first anchor tenant. The expansive new restaurant offers semi-shaded outdoor seating, so you can enjoy your “Mexican-grade Mexican” food on a nice patio with a view. Heim BBQ & Catering, which was recognized in just about every local and state publication last year, is expanding their craft barbecue concept to a second store in the River District, which should be open soon. According to Travis and Emma Heim’s Facebook page, the second joint will offer different food options, including (sit down for it) a vegetarian item(s). Lettuce Cook is a cheerful, fast casual combo deli and catering outfit. If you have no time and need dinner an hour ago, the Meals-on-the-Go section of the store will be just right for you. Options include vegetarian, vegan and Paleo-style dinners and sides. If you have time to sit a spell, pick out a sandwich or salad from the menu and enjoy the view.

Living and Working The River District is resolutely about providing a home for locally-owned business. Independent shops like Flowers on the Square and the re-purposing, up-cycling home and garden store PalletSmart, as well as a number of small businesses call the development home. Additionally, there are multiple housing options, from the luxury garden homes of The Grove, to The Palmer’s boutique apartments, to single family housing with a river view starting at around $400,000. Whether you want to rent, buy or build, there’s probably something to attract you here.



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Lockheed Martin Wins $132M Deal for C-5 Airlifter Program

Lockheed Martin Corp. ‘s LMT Aeronautics business division recently won a contract for offering sustainment engineering services to the C-5 airlifter program. Work related to the deal is scheduled to be completed by Jan 25, 2019.

Valued at $131.6 million, the contract was awarded by the Air Force Life Cycle Management Center, Robins Air Force Base, GA. Lockheed Martin will execute the task at Fort Worth, TX; Marietta, GA; and Palmdale, CA.

A Brief Note on C-5

Air Force’s largest and only strategic airlifter, Lockheed’s C-5 Galaxy can haul twice as much cargo than any other airlifter. Its latest version, C-5 modernization provides greatly improved reliability, efficiency, maintainability and availability while ensuring this critical national strategic airlift resource continues serving the warfighter well into the 21st century.

What Favors Lockheed Martin?

In the backdrop of widespread geopolitical tensions, insurgency has become a subject of increasing interest across the U.S. armed services. Naturally, to perform critical counterinsurgency missions, the United States has to rely largely on its airlift forces. To this end, Lockheed’s C-5 plays a vital role in airlift missions.

Since its inception, the C-5 has been a critical instrument of national policy. From the defense of Israel in the Yom Kippur war to the air bridge supporting coali-tion forces in Desert Storm, the C-5 has unmatched capability to carry enormous loads over long distances. Therefore, in a period when the U.S. administration vehemently supports defense spending, one can expect the nation to strengthen its airlift force. The latest contract win is an example of that.

Furthermore, fiscal 2019 U.S. defense budget allocated $21.7 billion for spending on aircraft. Such budgetary provisions reflect solid growth prospects for Lock-heed Martin’s Aeronautics business unit.



DB2RE.com


Lockheed hits F-35 production target, eyes big bump in ‘19

Lockheed Martin has hit its production target for the F-35 stealth fighter jet, saying Thursday it had delivered the 91st aircraft.

That means the world’s largest defense contractor, headquartered in Bethesda, has met a joint government and industry delivery target for 2018 and increased deliveries this year 40 percent over 2017. Lockheed (NYSE: LMT) said it expects another 40 percent jump in F-35 deliveries next year, with plans to deliver 130 of the jets.

The Thursday milestone aircraft is a F-35B model and will be delivered to the U.S. Marine Corps Air Station in Beaufort, South Carolina, executives said. To date, Lockheed has delivered more than 355 F-35 jets to 16 bases worldwide. The fleet, operated by more than 730 pilots, has surpassed more than 175,000 cumulative flight hours, the company said in a news release.

Lockheed manufactures the F-35 — the Pentagon’s most expensive weapons program in history — at its Fort Worth, Texas, plant. Greg Ulmer, Lockheed Martin vice president and general manager of the F-35 program, said in a statement that the 2018 delivery milestone shows that the program is ready for full-rate production and furthers efforts to reduce the build time, lower costs and improve quality and on-time delivery.

Because of the F-35’s expense, the costs are always under intense scrutiny. Lockheed and the Pentagon tout the F-35 as more than a fighter jet — it’s the most advanced fighter aircraft ever built, featuring stealth technology, supersonic speed, powerful sensors, large weapons capacity and the ability to collect, analyze and share data.

The price of an F-35A — the most common version of the jet — is now $89.2 million and Lockheed is on track to deliver an $80 million F-35A by 2020, execu-tives say.

Approved by the Texas Real Estate Commission for Voluntary Use. Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant

01A TREC No. OP-K

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1)shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Date

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Davidson Bogel Real Estate, LLC 9004427 [email protected] 214.526.3626

Michael Edward Bogel II 598526 [email protected] 214.526.3626

Simon Beakley 653368 [email protected] 214.526.3626

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