"As posted on main katta page, it spawns in a fountain just north of city proper."
Yup, got it on the third spawn.
lvl 80 druid with DPS merc. It took a while and the exp was meh but it was something to do besides kill crocs and bears.
I bound there and would port in and clear the fountain and keep checking up on it. Or do stuff around the house and log in and clear the PHs.