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PROPERTY DESCRIPTION <br />D R. HORTON ALLOCATION AGREEMENT <br />January 14, 2004 <br />PARCEL 5 <br />All that part of OUTLOT E, RAMSEY TOWN CENTER Al]DITION, according to the <br />recorded plat thereof, Anoka County, Minnesota, desenbed as follows <br />Commencing at the southeast comer of said OUTLOT E; thence on an assumed bearing <br />of North 89 degrees 42 minutes 57 seconds West along the southerly line of said <br />OUTLOT E for 177 29 feet to the actual point of beginning; thence continue North 89 <br />degrees 42 minutes 57 seconds West along said southerly line for 42.94 feet to a point of <br />curvature in said southerly line; thence westerly and northwesterly for 776.67 feet along <br />said southerly line along a tangential curve concave to the northeast, radius 103907 feet <br />and central angle 42 degrees 49 minutes 37 seconds to a point of tangency in said <br />southerly line; thence North 46 degrees 53 minutes 20 seconds West along said southerly <br />line for 237.71 feet, thence North 23 degrees 43 minutes 04 seconds East for 357 01 feet <br />thence South 59 degrees 16 minutes 59 seconds East for 595.60 feet; thence <br />southeasterly for 323 94 feet along a tangential curve concave to the northeast, radius <br />1480.00 feet and central angle 12 degrees 32 minutes 26 seconds, thence southerly for <br />185.69 feet along a non -tangential curve concave to the east, radius 600.00 feet and <br />central angle 17 degrees 43 minutes 56 seconds, the chord of said curve bears South 08 <br />degrees 51 minutes 58 seconds West; thence on a bearing of SOUTH for 149.26 feet to <br />the point of beginning. <br />DR ORTO AAPARc EL5TC n <br />