Loading...
HomeMy WebLinkAboutResolution - 2011-R0253 - Schedule Public Hearing Regarding Creation Of Valencia PID - 06_09_2011Resolution No. 2011-RO253 June 9, 2011 Item No. 5.18 RESOLUTION WHEREAS, a petition has been received from the record owners of taxable real property representing not less than fifty percent (50%) of the appraised value of the real property liable for assessment (as determined by the most recent certified appraisal roll for Lubbock County) in the area known as Valencia Public Improvement District (PID) which covers a portion of an area in the City of Lubbock, Lubbock County, Texas, generally bounded by 85`" Street on the north, 88"' Place on the south, Iola Avenue on the east, and Milwaukee Avenue on the west (as shown on the map in Exhibit "C"), AND the record owners of taxable real property that constitutes more than fifty percent (50%) of all taxable real property that is liable for assessment under the proposal; requesting creation of a Public Improvement District under Chapter 372 of the Texas Local Government Code; and WHEREAS, the petition, a copy of which is attached hereto as Exhibit "A", has been examined, verified, and found to meet the requirements of Section 372.005(b) of the Texas Local Government Code and to be sufficient for consideration by the City of Lubbock; and WHEREAS, the boundaries of the proposed Public Improvement District are described in the attachment designated as Exhibit "B" and shown on the map attached hereto as Exhibit "C", said area for the Valencia PID being within the city limits of the City of Lubbock; WHEREAS, the City of Lubbock accepts the petition and desires to schedule a public hearing to consider the formation of a Public Improvement District (PID) in this area pursuant to the Public Improvement District Assessment Act for the purpose of creating the following proposed public improvements: (i) maintenance of parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, bridges, walkways, lighting, benches, trash receptacles and similar items located therein along with all necessary grading, drainage and similar infrastructure involved in the maintenance of such parks and greens; landscaping, hardscaping and irrigation; and (ii) costs of establishing, administering and operating the District, all in accordance with the Act; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT a public hearing is hereby scheduled at 9:30 am, July 14, 2011, in the City Council Chambers, 1625 13' Street, Lubbock, Texas, to receive public comment on the formation of a Valencia Public Improvement District in the area described in Exhibit B and as shown on the map in Exhibit C, pursuant to Chapter 372 of the Texas Local Government Code; and SECTION 2: THAT notice of said hearing shall be published in a newspaper of general circulation in the city before the 15th day prior to the hearing as required by state law; and SECTION 3: THAT written notice shall be mailed to each property owner, as reflected on the tax rolls, of property subject to assessment under the proposed public improvement district, before the 15t11 day prior to the date set for the hearing. Passed by the City Council on .Tune 9 , 2011. C �'O��11 TOM MARTIN, MAYOR ATTEST: Reb ca Garza. City ecretary APPR VED AS TO CONTENT: APPROVED AS TO FORM: Rob All' n, ' tan�City Manager Linda Chamales, Business Development Economic Development Attorney Lc: city atVLinda/Res- Valencia PID hearing May 18.2011 Exhibit A Resolution No. 2011-R0253 CITY OF LUBBOCK § COUNTY OF LUBBOCK § STATE OF TEXAS § CERTIFICATE OF PUBLIC RECORD I hereby certify, in the performance of the functions of my office, that one signature on the attached document has been verified and that the same constitutes record owners of taxable real property representing more than fifty percent (50%) of the appraised value of the property (as determined by the current roll of the Appraisal District, January 1, 2011) in the area known as Valencia, as shown on that attached map, AND owners of more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the proposal as required by Section 372.005(b) of the Texas Local Government Code; the one petitioner owns 100% of land; said documents appear of record in my office and that said documents are an official record from the public office of the City Secretary of the City of Lubbock, Lubbock County, State of Texas, and is kept in said office. I further certify that I am the City Secretary of the City of Lubbock, that I have legal custody of said record, and that I am a lawful possessor and keeper and have legal custody of the records in said office. In witness whereof 1 have hereunto set my hand and affixed the official seal of said office this 16th day of May, 2011. (City Seal) RebeUca Garza City Secretary City of Lubbock Lubbock County, State of Texas city of Lubbock TEXAS May 5, 2011 To: Becky Garza, City Secretary Cheryl Brock, Senior Financial Analyst Rob Allison, Assistant City Manager From: Sally Still Abbe, GIS Manager Re: Valencia Petition Recently, the City Of Lubbock received a petition dated April 8, 2011 from Drew Wegman, Vice -President of Real Property Resources, Inc., requesting that the City of Lubbock establish a Public Improvement District (PID) for the proposed Valencia development shown on the attached map. PID establishment can only be initiated by a petition of property owners who meet two tests outlined in the state statute. There is only one owner of land within the PID boundary, and the vice-president of this company signed the petition. The fast test is that the petition is sufficient if signed by the owners of taxable real property representing more than 50% of the appraised value of the taxable real property liable for assessment by the current roll of the appraisal district (January 1, 2011). Since the petitioners own 100% of the property within the boundary, the petition easily passes the value test. The second test is that the petition must be signed by the record owners of property that constitute more than 50% of the number of record owners or the record owners of more than 50% of the area within the PID. There is only one owner in the PID, who signed the petition. Real Property Resources, Inc. owns 100% of the land, so the petition passes both tests even though it is required to pass only one. The notarized signature on the Valencia petition was validated by a visual review. PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE IMPROVEMENTS TO VALENCIA THE STATE OF TEXAS CITY OF LUBBOCK TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK: The undersigned petitioners (the "Petitioners"), acting pursuant to the provisions of Chapter 372, Texas Local Government Code, as amended (the "Act"), request that the City of Lubbock create a public improvement district (the "District") in the territory described in Exhibit A attached hereto (the "Land") within the City of Lubbock, Texas (the "City"), and in support of this petition the Petitioners would present the following: Section 1. Standing of Petitioners. In compliance with the requirements of Texas Local Government Code, Section 372.005(b), as determined by the current roll of the Lubbock Central Appraisal District, the Petitioners constitute: (i) the owners of taxable real property representing more than 50% of the appraised value of real property liable for assessment under the proposal described herein, and (ii) the record owners of taxable real property that constitutes more than 50% of the area of all taxable real property that is liable for assessment under such proposal. Section 2. General nature of the proposed maintenance of the public improvements. The general nature of the proposed public improvements is: (i) maintenance of Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, fences, benches, trash receptacles and any similar items located therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and greens; landscaping, hardscape and irrigation; and (ii) costs of establishing, administering and operating the District. The improvements associated with the Public Improvement District are a benefit to the affected property and to the City of Lubbock because they visually enhance the area as well as provide a common area for residents to enjoy increasing the overall quality of life in the affected area. Section 3. Estimated cost of the maintenance of the proposed public improvements: Annual maintenance costs - $18,000. Section 4. Boundaries. The proposed boundaries of the District are described in Exhibit A. Section 5. Method of assessment. An assessment methodology has been prepared that will address (i) how the costs of the public improvements paid for with the assessments are assessed against the property in the District, (ii) the assessments to be collected each year, and (iii) reduction of the assessments for costs savings (pursuant to the annual review of the service plan for the District). Additionally, a report will be prepared showing the special benefits accruing to property in the District and how the costs of the public improvements are assessed to LUH2O0/58000 Dallas l 034400_ I . DOC property on the basis of the special benefits. The result will be that equal shares of the costs will be imposed on property similarly benefited. In assessing the maintenance of the public improvements, property will be classified based on the net taxable value of the property. The assessment methodology will result in each parcel paying its fair share of the costs of maintaining the public improvements based on the special benefits received by the property from the public improvements and property equally situated paying equal shares of the costs of the public improvements. The annual budget is subject to review by City of Lubbock staff and final approval by the City Council. The annual assessments may be adjusted as a result of the City of Lubbock staff review and City Council approval. Section 6. Apportionment of Cost between the City and the District. The City will not be obligated to provide any funds to finance the proposed public improvements or maintain the public improvements. All of the costs of the proposed public improvements will be paid by assessments of the property within the District and from other sources of funds, if any, available to the developer of the Land. Section 7. Management of the District. The City will manage the District, or, to the extent allowed by law, the City may contract with either a non-profit, or a for -profit organization to carry out all or a part of the responsibilities of managing the District, including the day-to-day management and administration of the District. Section 8. Advisory board. An advisory board may be established to develop and recommend an improvement plan to the City Council of the City (the "City Council'). The signers of this petition request the establishment of the District and this petition will be filed with the City Secretary in support of the creation of the District by the City Council as herein provided. LUB200l58000 Dallas 1034400_I.DOC [Signature on following page] -2- PETITIONERS: Real Property Resources, Inc. Drew Wegman, e-President of Real Property Resources, Inc. THE STATE OF TEXAS COUNTY OF LUBBOCK On this, the 8 h day of April, 2011, before me, the undersigned Notary Public, personally appeared Drew Wegman who acknowledged that he is Vice -President of Real Property Resources, Inc., and that he, in such capacity, being duly authorized so to do, executed the foregoing petition for the purposes therein contained by signing his name in such capacity. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. E(SMJENNE M. BgICKETT No blic Signature ature otaubkN�ioF�itas ta13-2433 Signature Page for Petition EXHIBIT A The Land METES AND BOUNDS DESCRIPTION: A 39.941 ACRE TRACT OF LAND SITUATED IN THAT CERTAIN 199.832 .ACRE TRACT OF LAND RECORDED IN VOLUME 6937, PAGE 174 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY, INCLUDING LOT 4B OF SPECTRA LUBBOCK SOUTHWEST, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, .ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO. 2006044435 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND LOCATED IN SECTION 28, BLOCK AK, LUBBOCK COUNTY, TEXAS, SAID 39.941 ACRE TRACT BEING FURTHER DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 1/2" IRON ROD WITH CAP MARKED "STEVENS RPLS 4339" SET IN THE EAST LINE OF LOT 4A, SPECTRA LUBBOCK SOUTHWEST, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO THE NIAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO. 2006044435 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND S. 010 49' 05" W. A DISTANCE OF 175.00 FEET FROM THE SOUTHWEST CORNER OF TRACT A-1, A REPLAT OF TRACT A, MONTEREY CHURCH OF CHRIST ADDITION, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN VOLUME 10299, PAGE 264 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE NORTHWEST CORNER OF THIS TRACT, HAVING COORDINATES OF NORTHING: 7,252,079.842 AND E.ASTING: 916,426.179, TEXAS COORDINATE SYSTEM, TXNC ZONE 4202, N.AD 83 (CORS 96), WHENCE THE NORTHWEST CORNER OF SECTION 28 BEARS N. 01° 49' 05" E. A DISTANCE OF 1001.91 FEET, N. 01° 54' 20" E. A DISTANCE OF 55.00 FEET AND N. 88" 05' 40" W. A DISTANCE OF 1360.47 FEET, PER CALLED DISTANCES IN SAID PLAT OF TRACT A-1 ,AND IN PREVIOUS WARRANTY DEEDS RECORDED IN VOLUME 6937, PAGES 174 AND 178 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY; THENCE S. 880 11' 01" E., PARALLEL. WITH THE SOUTH LINE OF SAID TRACT A-1 (PREVIOUS RECORD CALL_ EAST), AT A DISTANCE OF 1250.20 FEET PASS A 1/2" IRON ROD WITH CAP MARKED "STEVENS RPLS 4339" SET IN REFERENCE, CONTINUING FOR A TOTAL DISTANCE OF 1282.20 FEET TO A 1/2" IRON ROD WnH CAP MARKED "STEVENS RPLS 4339" SET IN THE EAST LINE OF SAID 199.832 ACRE TRACT FOR THE NORTHEAST CORNER OF THIS TRACT; THENCE S. 010 45' 05" W., ALONG THE EAST LINE OF SAID 199.832 ACRE TRACT (PREVIOUS RECORD CALL.• S. 000 02' 50" E.) AND THE CENTERLINE OF IOLA AVENUE AS DEDICATED BY THE PLATS OF REGAL PARK, ACCORDING TO THE MAPS OR PLATS THEREOF RECORDED IN VOLUME 8405, PAGE 286 AND VOLUME 10114, PAGE 58 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, A DISTANCE OF 992.97 FEET TO A PK NAIL AND WASHER FOUND AT THE NORTHEAST CORNER OF THAT CERTAIN TRACT OF LAND CONVEYED TO LUBBOCK LAND INVESTMENTS I, LP RECORDED IN VOLUME 10469, PAGE 124 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTHEAST CORNER OF THIS TRACT; THENCE N. 880 10' 05" W., .ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVESTMENTS I, LP TRACT, AT A DISTANCE OF 32.00 FEET PASS A 1/2" IRON ROD WITH CAP MARKED "H. REED & ASSOCS" FOUND, CONTINUING FOR A TOTAL DISTANCE OF 1118.38 FEET (PREVIOUS RECORD CALL- N. 88° 09' 50" W_, 1118.38 FEET) TO A 1/2" IRON ROD WITH CAP MARKED "H. REED & ASSOCS" FOUND FOR A CORNER OF THIS TRACT; THENCE N. 010 48' 45" E., ALONG A PORTION OF THE NORTH LINE OF SAID LUBBOCK I-AuND INVESTMENTS I, LP TRACT, A DISTANCE OF 146.21 FEET (PREVIOUS RECORD CALL: N. 01° 48' 13" E., 146.21 FEET) TO A 1/2" IRON ROD WITH CAP MARKED "H. REED & ASSOCS" FOUND FOR A CORNER OF THIS TRACT; TILENCE N. 880 09' 49" W., ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVESTMENTS I, LP TRACT, A DISTANCE OF 1468.08 FEET (PREVIOUS RECORD CALL: N. 880 10' 43" W., 1467.86 FEET) TO A 1/2" IRON ROD WITH CAP �\LLRKED "STEVENS RPLS 4339" SET IN THE EAST RIGHT-OF-WAY LINE OF MILWAUKEE AVENUE, AS DESCRIBED IN DEED RECORDED IN VOLUME 9735, PAGE 349 OF THE OFFICIAL. PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTH WEST CORNER OF THIS TRACT; THENCE N. 010 43' 17" E., .ALONG THE EAST RIGHT-OF-WAY LINE OF MILWAUKEE AVENUE (PREVIOUS RECORD CALL: N. 01' 43' 58" E.), A DISTANCE OF 292.00 FEET TO A 5/8" IRON ROD FOUND AT THE SOUTHWEST CORNER OF TRACT A, WALMART SUPERCENTER AN ADDITION TO THE CITY OF LUBBOCK, ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO. 2006024909 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE ;MOST WESTERLY NORTHWEST CORNER OF THIS TRACT; A-1 THENCE S. 880 09' 54" E., ALONG THE SOUTH LINE OF S,-kID 'M-kCT A, A DISTANCE OF 915.02 FEET (PREVIOUS RECORD CAI.L: S. 880 10' 10" E,, 914.93 FEET) TO A 5/8" IRON ROD WITH CAP INLARKED "DUNAWAY ASSOC, INC" FOUND AT THE SOUTHEAST CORNER OF SAID TRACT A AND THE SOUTHETST CORNER OF LOT 4B OF SAID SPECTRA LUBBOCK SOUTHWTST, FOR A CORNER OF THIS TRACT; THENCE N. 010 49' 50" E., ALONG THE COWMON LINE OF SAID TRACT A AND LOT 413, A DISTANCE OF 282.59 FEET (PREVIOUS RECORD CALL: N. 01' 49' 50" E., 282.78 FEET) TO A 1/2" IRON ROD WITH CAP MARKED "STEVENS RPLS 4339" SET AT THE WEST COMMON CORNER OF SAID LOTS 4A AND 4B FOR A CORNER OF THIS TRACT; THENCE S. 980 10' 10" E., ALONG THE COMMON LINE OF SAID LOTS 4A AND 413, A DISTANCE OF 388.52 FEET (PREVIOUS RECORD CALL: S. 88' 10' 10" E., 388.47 FEET) TO A 1/2" IRON ROD WITH CAP DLARKF.D "STEVENS RPLS 4339" SET AT THE EAST COMMON CORNER OF SAID LOTS 4A AND 4B FOR A CORNER. OF THIS TRACT; THENCE N. 010 49' 05" E., .ALONG THE EAST LINE OF SAID LOT 4A (PREVIOUS RECORD CALL: N. 010 49' 14" E.), A DISTANCE OF 271.71 FEET TO THE POINT OF BEGINNING. A-2 BETENBOUGH HOMES April 8, 2011 Cheryl Brock City of Lubbock, TX 1625 13`h Street Lubbock, TX 79457 Re: Valencia, Public Improvement District Dear Honorable Mayor and City Council; Valencia is a residential development within the city limits of the City of Lubbock bound on the west by Milwaukee Avenue, the east by Iola Avenue, the north by Monterey Church of Christ, and the south by The Trails at Regal Park. We are proposing to create a Public Improvement District "PID" to maintain the public improvements for Valencia. In order to comply with the "Public Improvement District Policies and Guidelines", we are providing information as required in Section III. "Guidelines", b. "Petition Requirements". We are providing information regarding items 5-16, as follow: 5. If the there is sufficient support to petition to dissolve the Public Improvement District certain requirements in addition to sufficient support must be met in order to dissolve the PID. Those requirements include arrangements to transfer ownership and maintenance of the City owned and PID maintained property. These arrangements are to be made by the Advisory Board and with funds available to the Advisory Board. 6. Map of the area is attached to this email to be added to the petition. 7. In regards to the procedure for the nomination of the PID Advisory Board, the process shall be consistent with the bylaws for Public Improvement Districts for the City of Lubbock. 8. Addressed in Section 2 of the petition. 9. City owned land in the distinct will be "Tract A & Tract B, Valencia, an addition to the City of Lubbock". 10. General description of proposed improvements in Section 2 of the petition. 11. The estimated total cost of the improvements is $200,000.00 and will be paid by developer with no desire for any reimbursement. The estimated cost of the maintenance is $18,000 per year and is to be paid for by the PID as soon as the funds are available. 12. Budget is attached in the service plan. BETENBOUGH HOMES 13. Method of assessment will be base on the net taxable value of the affected properties and will be assessed at $.11 per $100.00 valuation. 14. Documentation of liability insurance will be attached to this letter 15. Addressed in Section 6 of the petition 16. Addressed in Section 5 of the petition Hopefully this will provide all of the information requested to continue with the creation of the PID. Please let me know if you have any questions or require any additional information. Z��""(,v. Drew Weg�ti Community Development Betenbough Homes Calendar Year" Prupctty Values* Discounted Ptoperty Values 4 90% F•wcwt Year Revenues ►nWrW Faromgs Ascesu=L 0 SO.I I Total F. 87th Street Pads "Tract A" 1.13 Acres Maimenence of Part•• Maimaneace of Park(Developer) Repair wad Replacement 87th Sueet hkdiwtt "Tract B" .{17 Acres Main-nence of Median*• Manuankmoc of Mledian(Develaper) LWam Cgi 1 6Muai OperYJ1t0 CosE (Cost of setting acse amen, each year) Maawr a x row Paid by Deyelom Total Cash Oraerves 'Ptopaq Value powth rate = 2% annually ^ Year that the uua uvcuon value Som on the tax roll Assessment Wormation 1&104017 Assessment per $100,000 110.00 City of Lubbock, TX Finance Department Valencia P1D Service Plan Exhibit B 2011 2012 2013 2014 2015 2016 2017 2019 2019 Totals a 16 20 20 16 $ 2,240,000 6,764,900 12.5WD% 18,350,098 21,917,100 22,355.442 22,802,551 23,258.602 23,258,602 2,016,000 6,089,320 11,250,086 16,515,088 19,72"90 20,119,898 20522,296 20,932.742 20,932,742 2011-12 2(112.13 2013-14 2014.15 2915-16 2016-17 2017-16 2018-19 2019-20 Tots" 44 82 99 145 i56 164 168 859 2218 6,697 12-375 18,167 2LA98 22,132 22575 23,026 128,887 2,218 6,742 12,457 18,266 21,84.3 22,788 22,738 23,194 129,746 - 4,490 8,660 033 9,010 9,190 9,374 49556 8,000 8,160 11,323 4,000 - - 28,483 - 5,000 Sam 5,513 5,789 21,551 - - 2.123 2,165 2,208 2,253 2.299 2,344 13,390 2,000 2,040 2,081 - - - - - - 6,121 2,000 2,040 2,081 2,122 2,165 2.208 2,252 14A69 1,861 1,900 1,940 1,975 2,014 2054 2,095 13,8411 1,000 11050 103 1,158 1,216 1,276 1,.W 8,142 (10,000) (10-100) (10,404) (4,000) - - (34AM) 061 1103 15,948 21,2% 21,907 22,539 23,193 121,347 $ 2,218 4,098 4,952 7,270 7,817 8,198 8-98 8J99 8}99 51=11,ValenttiaPIDSsNAcePlan Revised 4-21-11 POW OF SURVEY OF THREE TRACTS OF LAND IN 11 2 MON Roo W/CAP WLS "aa- (PWM) THE NORTH WEST QUARTER OF a2NO STREET SECTION 28, BLOCK AK ('�`* R-p-W TO 5EC110N UN£ S.6a'05'40'E. �' PLAT VOL 1112, H'0.327y 1/2• IRON ROD ✓W/c •�- LUBBOCK COUNTY, TEXAS +90.90' RC: ,02s.ar M: Io23.n• ,saes REED « (PMRd). A55C05• METES & BOUNDS DESCRIPTIONS ON SEPARATE DOCUMENTS ACRES �. 68 5 CA 5L/a-IRON ROO WITH CAP 1 MO TTEREY }CHURCH OF WVYOI�Y• (CM). 5.69"5a'39-F, CHRISi ADDITION YOE- 10299. PG. 254 I w g G LOT 3 z n S a 3 LECEND: i .. HEA ' LINES INDICATE UMIRS OF SURVEY. ' 5//a- ROD W/CAP 'Olw1WAY FOUND MONUMENT. 1 [PMRD). O SET 1/2' aON ROD WITH W*STEYENS RPLS 4339•. F. PHYSICAL MONUIYENT OF RECORD DIGNITY. o 1/2• PON ROD (PMRD) CN � CONTROLLING MONUMENT. 4 RC: FAST -WEST T25O.Od' --POINT 32.0E � ' ,/2- IRON ROD / RC RECORD CALL Y MEASURED_ THIS PLAT WAJO UNLESS IT BEARS SURVEYOR'S �y W F M: 5.aWI$'Ol'E. t2a200' (C11y. CRWJNVL SCRMTURE AND EMBOSSED SAL. 8 5.151 AC. WON ROD i f° 3.151 ACRES W C REED k AsscOs. I S ,.'a z N.aSlt'011Y. 1282.20E )H. ( 32.0'� TRACT A WAL-P k 0 12006024909T� KGGNNNIPOWT G S-Wl 1'01'F 1282.20E 30.041 AC. i LOT 4A o S.w 10'1DIE , t ry SURVEYORS REPORT. RC: 3.47' 66 THIS PUT WAS PREPARED FOR THE EXCLUSIVE USE OF THE INDIVIDUAL AND/OR M: 3a8.52 INsmunoNS NAMED ON THIS SURVEY. IT IS NON TRANSFERABLE TO ADDITIONAL IJa eY S.6S10'TaF W e}' ISTITUTIOS OR 9CMDUALS WITHOUT EXPRESSED RECERTSKdTION 9Y STVADiS R LOT 4H $ r• SURVEYING CO. TM15 PUT IS THE PROPERTY OF STEVENS SURVEYING CO. REPRODUCTION OF THIS PUT u uHCN TTOO (UM) + Y SPECTRA LLIBBOCX 9 "� x FOR ANY PURPOSE IS EXPRESSLY FORBIDDEN WITHOUT THE WPoTTEN CONSENT OF AN �5/9- Q RC: 5.6ff lO'10'E. 914.93' ' i SOUTHWEST M: Sa8'09.5141C 02' E a 915. SAWON'42'E. o i 39.841 ACRES Y '. a A THORf2® AGENT OF STEVENS SUIMYRIG CO. THIS SURVEY IS SMECT TO ANY FACTS WHICH MAY BE DISCLOSED BY A FULL AND ACCURATE TRLE SEARCH. I M' 3aa.a0' RECORD DOCUMENT$ OTHER THAN THOSE SOWN MAY AFFECT THIS TRACT. VISIBLE EVIDENCE OF CONDFXM AFFECTING THIS TRAM ISS AS SHOWN ON THIS PLAT. 0 8 ! RC: 38a.52' 5.99'TO'10'F- 5 E IRON RW w/CAP MONUMENTS NM)"YED FOUND BY THIS SURVEY ARE NOT TNISrCAI MONUMENTS Y {). E o RECORD OGNITY IRAYSS sD HO/E0. ..� n - S/a• WON ROD W/TAP Y (PMRO). `d MO SIRJEYOR AS {:ONIRDLIN/G FYUFIKE DUE FOUND YORUME]i15 ARE ACCEPTED BI TM TO SUBSTANTIAL AGREEMENT WBN RECORD DOCUMENTS. + a Y �+ SICARINGS ARE RELATIVE TO GRID KARM03 OF THE TEXAS CODROINATE SYSTEM. TXI4C 201E 4202. HAD a3. AS DETERMIME0 BF GPS OBSERVATIONS ALONG THE SOUTH LINE OF MN1C : N.09'491Y. 146a.0a' i a d a7IND STREET. BEING S- w OS• 40• E. CONVERGENCE TC GEODETIC BEW0405 VS < -01• SY 59-. 06TAN= ARM SURFACE. AMC: N_aff 10'43ti. 146i.a6' n I Y WON RO0 } �. w/C REED k ASSCOS- - a M: N.aB 10'051T. 111a.38' 32.0 o S RG N.a6D9Ea0'W. 1 T+16.3a• L k WASHER lN. REED k ASSCO5• / SURYEYOq. I, WHERE I/2• AO! fOo j ASSgWy. IPr) THAT THIS PUT AND CERTIFY THAREGT THIS PLAT DO HARES! C WAS W/C il. 9><Ep k A HESPRIP PROPERTY 11M7 M AN PREPARED FROM AN l OF THE PROPERLY vOL. 10469, M. 174 SOS- i PRESURVEY THE RIFORIMTION HEREON REPRESENTS RE FINDINGS OF 1H15 THEINFORMATION HEREON THIS SURVEY TD THE BEST OF MY KNOWLEDGE AMaELEF. ,rj'j" !APEVENS .7U A ` 1i/., SUNEYEO OCTOBER 31 AND NDJEMBER 4. 2006 RO .R. (), pr 1:5 a 06. 1 Hillih! I .— I —m I EXHIBIT B The Land METES AND BOUNDS DESCRIPTION: 1 39.941 :1CRI{'I'RM"I' OF LAND SITUATED IN T]IAT CERTAIN 199.832 ACRIL TRACT OF LAND RECORDf?D IN VOLUNffF 6937, PAGF: 174 OF 11I1: REAL PROPERTY RECORDS OF LUBBOCK COUNI'V', INCLUDING LOT 4B OF SIT,C'TRA LUBBOCK SOU'TIMFIST, AN ADDITION TO TILE CITY OF LUBBOCK. LUBBOCK COUNTY, TEXAS, ACCORDING TO TI IF MAP OR PLAT T[ ]EIt1 OF Rf:f:ORDFD IN PLATAND DFINCATION NO. 2006044435 OF 'If IF, OFFICIAL, PUBLIC 1U"CORDS OF LUBBOCK COUN'lY, AND LOCATUD IN SECTION 28, BLOCK AK, LUBBOCK COUN"IA', TEXAS, S.IID 39.941 ACR—ITt\CT BEING FUR'T] 1HR DI ;SCRIBED BY N}FITFIS .AND BOUNDS AS FOLLOWS: BEGINNING AT A 1/2" IRON ROD \XT111 C,\P N1,1RKE.D "S"I ]{\'F:NS RPLS 4339" SET IN'1'f I1: EAST LNF: O1 LO"1' 4:\, SPEC RA LUBBOCK SOU17I1x1ST, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO 'T111: NIAP OR PLAT TI ll:REOF RECORDED IN PLAT AND DEDICATION NO. 2006044435 OFT] H: OFFICIAL, PUBLIC RECORDS O}: LUBBOCK COUNTY, AND S. 010 49' 05" W. •A DISTANCIi 01, 175.00 FIJ�"T FROM '11111, SOUTIAWFST CORNFLR OF TR-ACT A-1, :A OF TRACT A, !1ION1'ERIN CIILJRCII OF C HRIST ADDITION , .AN .1DD[TION "]'O "I'f[F. CITY OF LUBBOCK, LUBBOCK COUNI'Y,'I'F,X,AS, :ACCORDNG'1'O'I'HF' MAP OR I'L Vl' T] 11:R1:OF R1;COlt1]IsD IN VOLU.NIF. 10299, PAGE. 264 OF TI IF: OFFICIAL PUBLIC R1.CORDS OF LUBBOCK COUNTY, FOR TIFF, NORTHWUST CORNER OF THIS 'TRACT, HAVING COORDIN.ATF.S OF NORTHING: 7,252,079.842 AND FASTING: 916,426.179, TEXAS COORDIN:1TF SYSTFAI, 'I'XN(: "/,ONF 4202. NAD 83 (COBS 96), WHl?NCI: 7'] Cli NC)R1'E I\w'I;S'I' CORMsR OF SEC__TION 28 BEARS N. 010 49' 05" 1?. A DISTANCIi 01, 1001.91 VI•:HT, N. 01° 54' 20" I'.. .1 DIS'1':1N(F, OF 55.00 Fl, A' AND N. 88' 05' 40" W. A DISI'ANCIL OF 1360.47 FF.F:1', PFR CA-LLED DIS'TANCI?S IN SAID PLAT OF TRACT A-1 AND IN PREVIOUS W\RRAMY DI?[ DS RFCORDIA) IN VOLLI II•: 6937, PAGES 174 AND 178 OF TI IE RF U, PRC)PFWIY RECORDS OF LUBBOCK COUNTY; T111:NOi S. 880 11' 01" F., PARALLEL ATF I TILE SOU"1'II LINE OF SAID TRACT A-1 (PRFVIOUS RECORD CALL: I?.1ti1), A I' A D1'-iTANC ' Ulu 1250.20 FI{F1' PASS A 1/2" IRON ROD W'ITII CAP NL\RKED "STIXFINS RPLS 4339" SET IN RliFl?RL?N('I;„ CONTINUING FORA TOTAL DISTANCE OF 1282 20 F1J:1"TO A 1/2" IRON ROI) 1VITI I CAP MARKFD "ti'I'}i1'F:NS RPLS 4339" SFI T 1N '17IE EAST LINE OF SAID 199.832 .\(;Rl: 'I'R.1(:1' I OR 'I'I JF NORTI II•:AST CORNER OF TI EIS 'TRACT; T] IUNCI? S. 010 45' 05" W., .\LONG TI IF FAST LINE OF SAID 199.832 ACR[? 1'1U 1C'1' (I'RI:\'IOUS RECORD CALL: S. 00' 02' 50" 1?.) AND 'TILE CEN FRLINF, OF IOLA :k\'E,NLJE AS DEDICATED BY TILE PLATS OF REGAL PARK, ACCORDING TO THE NL\IIS OR PLATS "1'IIEREOF RECORDED IN VOLHME 8405, P.AGI: 286 AND VOLU.'Al? 10114, PACIF: 58 OIL" 1'H , OFFICIAL PUBLIC RECORDS OF LUBBOCK COL'N'IY, A DIS ANCk OV 992.97 UPTT TO .A PK NAIL AND WASHER POUND AT T11F, NOR'1'FII;:1S'T CORNER OF THAT CER"T:AIN 'llZ-1C1' OIL' LAND CONVE"i" :D TO LUBBOCK LAND INVI?S'1 MFINTS I, IT RLCORDED 1N VOLUME 10469, PAGE. 124 OF TI IE OFFICIAL, PUBLIC Rl :CORDS OF LUBBOCK (.:(.)UN'I'1', FOR'1'I Il: 5OU'TI [E.1S'T COMER OF'I'HIS'TRU."1'; '11IFNCE N. 880 10' 05" W., .\LONG TI IF. NORTH LIME OF SAID LUBBOCK LAND INV1,.S'1 AILNTS I, LP TRlCT, AT A DISTANCE OF 32.00 FL'ET PASS A 1/2" IRON ROD Wq-Fll CAP MARKFID "[I. REI:D & ASSOCS" FOUND, CONTINUING FORA TOTAL DISTANCE OF 1118.38 FFF-F (PREVIOUS RECORD CALL.: N. 88' 09' 50" W., 1118.38 FFFJ' TO A 1/2" IRON ROD WT17I CAP .M ARKI?D "II. REED & ASSOCS" FOUND [,OR .\ CORNER OF TI [IS TRACT; 'I'I [I?NCI•: N. 01° 48" 45" F:., :11,ONC) .1 PORTION Ol� '['I IE NORT'1 f LINE OF SAID LUBBOCK E,•ANU INVFS'1'Nil?N'I'S [, LP TRAC`1', A DISTANCE OF14621 I--EET (PREVIOUS RECORD CALL: N. 01° 48' 13" I•:., 146.21 I-F "I) TO A 1/2" IRON ROD VG'IT11 C:AP IN KED "I I. RELD & ASSOCS" FOUND FORA CORNI•:R OF THIS TRACT, THENCE N. 880 09' 49" VI'., .\LON(; TI11? NORTH LINE OF SAID LUBBOCK LAND IN\'I•:S'L'NIVINTS 1, LP'IRACT, A DISTANCE: OF 1468.08 FEET (PREVIOUS RECORD CALL: N. 88' 10' 43" W., 1467.96 1 FF-I) TO :A 1/2" IRON ROD WITH CAP %I-ARKIsD "STEVF;NS RPLS 4339" SFT IN TlIF, FIAST RIGHT-OF-WAY LINI•: OF ),IILWAUKFf-' AVENUE_, AS DE?SCRIBED IN DIiE:D RECORDED IN VOLUME'9735, PAGE 349 OF TIIF. OFFICIAL PUBLIC RF'CORDS OF LUBBOCK COL'N'I'Y, FOR'I11IF• SOUTI I\VF.ST CORNER OF TI ITSTRACT; Tlfl?NCH N. 010 43' 17" F., ALONG TELL' F,.\SI• RIGHT-OF-WAY LINT? OF NIILWAUKEF. AVENUF. (PRI:\'IOUS RECORD C,\I,L: N. Ul° 43" 58"' li.), :1 DIS"I'ANCE: OF 292.00 FI�,]?1' TO :\ 5/8" IRON ROD I�C)L1ND :\"I' "1'I II: SOL"17IVG7S'I' CORNER OF TRACT A, W.ALNL-1R`1' SUPERCENITR, •AN ADDITION '1'0'TEII" CHY OF L.UBBOCK, ACCORDING TO 'I'll]; NL\P OR Ply\T TL1ERI;OF REC:ORI)ED 1N PLAT AND DEDICATION NO. 2006024909 OF TI ll? OFFICIAI, PUBLIC RECORDS OF LUBBOCK COUMY, FOR TI IF 11OS'1' IYT,S'1'ERI.l' NOR'I'I LWEST CORNER OF TI IIS TRACT; A-1 TIFI?NCI'. S. 880 09' 54" E., AF,ONG IH E SOUTH LINE•: OEM SAID 1RAC1' A, A 13I517ANCE OF A102 FETE•[• (PREVIOUS RITORI) CAIM S. 88' 1Y 10" & 91493 FI I) TOM 5/8" IRON ROD W'I"I'I I CAP Al.\RK -.1) "DLiN.\W:\Y .\SSO(:, INC" FOUND AT THE SOUTHInAST CORNER OF SAID '1RACT A .\ND TH V. SOUTI FW'ESI' CORN ER OF LOT 4H OF SAID SPECTRA LUBBOCK SOUTI IW1?S , FORA CORNER OF TI IIS TR \C T; E HE.NC1: N. 010 49' 50" E., .\LONG THF, COMMON LINT. OF SAIL) TR\Cl' A .WD LOT 4B, A DISTANCE' OF 282.59 FEET (PRI:\'IOUS RI�:CORD CALL: N. 01' 49' 50" I?., 282.78 FEET} 'IO A 1/2" IRON ROD WITH CAP ;1I:\RKE:D " STE\'IONS RPLS 4339 OT AT 11 ❑! %IT f COMMON CORNER OF IUD LOTS 4:\ AND 4B R)R :\ (:ORNER OF TI 11S TOM; TIRINCF's S. 880 10' 10" 1:., :\LONG ME COMMON LINT: OF SAM IMS 1% AND 4B, A DISTANCE, OF 38852 I EF:1' (PREVIOUS RI?CORD C:U.I.: S. 8V 10 10" It, 388.47 FEE) TO .\ 1 /2" IRON ROD W ITI I CAP PAARKI'.D "S'ITAT"NS RPIS 4339" SI I' .\'F' •1'HE I{.\SI' CO\I\ION CORNER OF S.\1D LO'1:4 4:\ .\ND 4B FOR .\ C(NiNER C)N'I'I I1S'11t:\CT; TFIE:NCI7, N. 010 49' 05" F— :\LONG THE E.\ST L1NE OF SAID LOT 4_\ (PRI.\'IOUS RECORD CALL: N. 010 49' 14" I :.), ,1 DISTANCE OF 271.?1 FEET TO T II'. POINT OF BEGINNING. A-2 No Text