HomeMy WebLinkAboutResolution - 516 - URA Land Acquisition - Raymond Puckett - Public Park, Lake 6 YCL Project - 06/12/1980i
WMM'pc, RESOLUTION 4516 - 6/12/80
ff�O RESOLUTION
A RESOLUTION AUTHORIZING THE ACQUISITION OF A CERTAIN PARCEL OF LAND FOR
THE PURPOSE OF PUBLIC PARK DEVELOPMENT IN THE YELLOWHOUSE CANYON LAKES PROJECT;:
AUTHORIZING THE INSTITUTION OF CONDEMNATION PROCEEDINGS AS REQUIRED.
WHEREAS, it has been determined by the City Council that a certain parcel
of land located in the vicinity of Lake 6 in the Yellowhouse Canyon Lakes
Project within the City of Lubbock, Lubbock County, Texas, should be acquired
and developed for public park purposes; and,
WHEREAS, the Department of Housing and Urban Development (HUD) has
contracted with the City of Lubbock to provide funds through the Community
Development Program to aid in the development of such a project; and,
WHEREAS, it is necessary to acquire for public park purposes the fee
simple title to the land hereinafter described, owned by Raymond Puckett; and,
WHEREAS, the City Council has caused two appraisals to be made of said
land and the value and total damages, if any, to the owner, and all others
whose interest may appear, for fee simple title to said land has been appraised
and the City Council finds the price offered to be fair and equitable; NOW
THEREFORE:
fBE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City of Lubbock acquire for the purposes of developing a public
park the fee simple title to the land lying and being situated in Lubbock
j County, Texas, and described as follows, to -wit:
i
Parcel No. 72090-0850: (See attached Legal description)
i
s
r Purchased Price - $9,800.00 (Nine Thousand Eight Hundred and N0/100
Dollars)
THAT the owner, and all others whose interests may appear, be offered
through the Urban Renewal Agency of the City of Lubbock, Texas, the amount
established. as the fair market value and total damages, if any, for fee simple
title and acquisition of said land for the purposes herein stated, for the use
and benefit of the City of Lubbock, being the amount hereinabove stated, and
that unless accepted forthwith the City Attorney is hereby authorized and
instructed to institute condemnation proceedings for and on behalf of the City
of Lubbock to acquire fee simple title to said land, as hereinabove described,
for public park purposes.
Passed by the City Council this
12th day of ne 1980.
BILL McALISTER, MA 0
ATTEST:
Ev lyn Gaff a, City Secre ar -T a surer
/approved as to fore;
AP OVED AS TO CONTENT:
pu;nant city Attaner
Vicki Foster, Community Development Coordinator
ACQUISITION APPRAISAL REVIEW
1P qo
.PARCEL NO. 99fi$8=9-850 PROJECT NAME Yellowhouse, Lake 6: Sth Year C.D.
ADDRESS 2306 East 19th Street, Lubbock, Texas
OWNER (s) Raymond Puckett
TENANT (s) None
LEASEHOLD No
.LEGAL DESCRIPTION: Lot 163, Puckett Suburban Homes Addition. Also see. attachment_.
1. Acquisition appraisalreceived .................:........... May 12,, 1980
::.. (Date)
2. All corrections by appraiser completed ..................... NSay 27, 1980
>.
~3. Appraisal is adequate and acceptable ....................... Yes
Y4. On-site inspection.of property .............................: May 16th, 1$80
(Date)
5.` Person accompanying review appraiser ...................... Mr. Puckett,okmer
6. On-site inspection of comparables ........................... May 13th A 16thi 1980
- (Date)
'.7. Any report of unlawful condition or occupancy......... ... No
�8. Basis for conclusion as to fair market values Approval of the appraiser's valuation is
based on mp'inspection of the property and review of the appraisal report. Some
minor errors were corrected, one of which resulted in a -small change in the valuation.
In my opinion the final estimate is $ 9,800.00 •
I hereby certify that I have no interest, present or contemplated, in the property; and to
the best of my knowledge and belief, all statements and information in this report are true
and correct, and no. important facts have been withheld or overlooked.
May 28, 1980
DATE _ R
Harold L. Kelly, SRPA
I
�
1.,Buildings & Structures
APPRAISAL.
REVIEW APPRAISAL
(Whole Taking)
Valuation
Valuation
1. Main Structure (House)
$ 5,800
$ 5,800
2.
3.
4.
Garage......................
Fence......... ....... ....
25
25
Landscape...................
100
100
.......................
Well House
50
50
Other........................
Water well
11000
1.000
Other............. ........
5 Stor. Fac. 100 ea.
500
500
Other........................
Clothes line
25
25.
-.'Fixtures ......................
Tenant-Owned Building,-Structure,
Fixture & Other
I.
2.
Land......... ..................
1.156 ac.
2,300
S 2,Snn
TOTAL :..........................
9.800
$ 9,800
T20190- 0 - -S5 b
Schedule -A
. aw
GF No. or File No. Effective Date of Commitment
33321 February-2.9--, i9M rn
Commitment No.: G 0009491
1. Policy or policies to be issued: Amount
(a) Form T-1: Owner Policy of Title Insurance TO BE DETERMiNEY
Proposed Insured:
,.,. The City of Lubbock -
(b) Form T-2: Mortgagee Policy of Title Ins. $
Proposed insured:
(Loan to }
(c) Form T-11: . Policy of Title Insurance (USA)
Proposed Insured:
.2. The estate or interest in the land described or referred to in this Commitment and covered herein: (Fee
simple, Leasehold, easement, etc. - identify or describe) -
Fee simple estate -
-3_• Record Title thereto at the effective date hereof appears to be vested in:
Wiley Raymond Puckett and wife, Iva4ps Puckett
4. The land referred to in the Commitment is descr' ' -q lows:
Being LOT'ONE HUNDRED SI 163)9* PUCKETT SUBURBAN HOMES ADDITION
to the City of Lubbock, Lu ock County, Texas.
moo
APPRAISAL REPORT FOR THE CITY OF LUBBOCK
Project Y llowhouse Lake 6 5th Year C.D.
Parcel Number a -850
Property Agdress 2306 East 19th Street
Interest Appraised Fee Simple
i Property Owner Raymond Puckett
Date of Appraiser's Inspection 3-31-80 «.
Owner or Representative Accompanying Inspection Raymond Puckett
Owners Not Present at Inspection none
VM Limiting•Conditions of the Appraisal:
(1) That the title is good and marketable, (2) that no responsibility is assumed by
the Appraiser for legal matters, especially those affecting the title to the property,
(3) that the legal description of the property and the interest therein to be appraised,
furnished to the Appraiser by the Agency, is correct, and (4) that no survey of the
property has been made..
■
IN
The Undersigned Hereby Certifies:
(1) That I personally made a thorough inspection of the property,'(2) that, to the
best of my knowledge and belief, everything contained in the report is true and no
relevant and important fact has been omitted, (3) that neither my employment nor my
compensation is contingent on the valuation reported, and (4) that I have no past,
present, or prospective interest (including that of real estate agent or broker) in
the property, the parties involved, or any other interest that would conflict in any
way with the services performed or the making of an impartial report, (5) that I will
disregard any decrease or increase in the fa'r Yet value of the real property to
be acquired (or the entire property ofyt the case of a partial taking)
prior to the date of valuation caused by a improvement or project for which
the property is to be acquired for such' improvement or project, other than that due
to physical deterioration within the reasonable control of the owner. In the case of
a partial taking, using the before -and -after method of valuation, my opinion of the
value of the remaining not -to -be acquired portion of the property does not reflect:
any increase or decrease in value attributable to the project, (6) that my analyses
and opinions of property value does not reflect any consideration of or allowance for
the relocation assistance and payments provided under Title II•of the Act.
It is ray opinion that the fair market value of property to be acquired is 9,600
as of 3-X31-80 �.
May 6 1980
Date J i mKJQ6ddard, M. A. I . , S. R. P. A.
oa
r4 .oma.*�,s:.vRi
Purpose and Scope of Appraisal
The purpose of this appraisal is to estimate the market value of the
property. The property rights appraised are fee simple with the
exception of mineral interests.
Function of Appraisal
This appraisal is required by the City of Lubbock for its guidance
in making fair and impartial determinations of fair market value and
the just compensation to be offered to the property owner.
Ownership
Raymond Puckett
2306 East 19th Street
Lubbock, Texas 79403
$ ';-. , ,s�,;e,,, d k..+ -'i .�L*'�✓+chs+gd`%c i+y+in. {e['}C.*L .':M.Li�i' ;i:,'� ""13Ya'+'p "�-'#�rtg'`pw' e.'`:_ys`v§''rFx'' bi d
Definition of Market Value
The term market value, as used in this appraisal, is defined
in the book entitled REAL ESTATE APPRAISAL TERMINOLOGY, first
printing, 1975, on page 137 as follows:
The highest price in terms of money which a property will bring
in a competitive and open market under all conditions requisite
to a fair sale, the buyer and seller, each acting prudently,
knowledgeably and assuming the price is not affected by undue
stimulus.
Implicit in this definition is,the consummation of a sale as of
a specified date and the passing of title from seller to buyer
under conditions whereby:
1. Buyer and seller are typically motivated.
2. Both parties are well informed or well advised,
and each acting in what he considers his own best
interest.
3. A reasonable time is allowed for exposure in the
open market.
4. Payment is made in cash or its equivalent.
5. Financing, if any, is on terms generally available
in the community at the specified date and typical
for the property type in its locale.
6. The price represents a normal consideration for the
property sold unaffected by special financing amounts
and/or terms, services, fees, costs, or credits incurred
in the transaction.
No Text
Neighborhood Analysis
The subject property is situated in a neighborhood that is located
in the east part of the City.of Lubbock. The neighborhood area is
defined as the area generally shown on the following Neighborhood
flap. The map also shows the general land uses and the location of
subject property.
This neighborhood has experienced very little growth in recent
years. No significant new construction has been observed in recent
years. Deed records indicate that market activity has been very
slow. The purchase of the Canyon land and its development into a
park has been the most significant change in the neighborhood in
recent years.
This neighborhood is located about 3 miles southeast of downtown
Lubbock and in the opposite direction from the main residential
and commercial growth direction of the city which is southwest.
This neighborhood has an ample supply of vacant land if the demand
for residential development should be generated.
Most of the housing in the area is modest to very modest in price
class and are typically occupied by lower income.families.
..:.,_4j^4 r.»... iz.w-, .,e,.i-.., 3w- �',5a;- a,. "t�'.r, �.•, i a..t'.'�th,.;yrkt r w-..�.�„A�".j w'.I""'�`t2"-r.rsia3tai
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34
OODIAP
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BJECT -PROPEL'
AGRICULTURAL
USE
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1 93k M. 5
-
I, lot
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. t. L.,I•.�►'J'llr/ jT 7 i �7 i Ht y �JJ` �.1'�'� F
llryi:`f�•�' .�r',;(�'i•.1 +` '� v�.l• + �.1i•I•rA 11 '!� 1'. =�` •i• ,rl.t\� ��.1. ��.
t • . ►;.rjiF lrlNty . !!` _"'11 _.LT (� ••(.+ W 1•F y ~~ ``\ •�
I � • �►1(•nl r r�l �. k •� .ti J (`\�(.a .1• r w �• TM
l ST- ..s
f. Jlif ,• ..--- .- - --
EME,�FR�t
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EE fin_. {'kms"" w'.,'aa£r;Y'�f"ty, 2- .u'c.��{#k". •..,af¢k j,iJ "' >Sn d;,^"s3 y'j.�..M�yr,rr dt•.7^'sT' '�S, pt "':e,'1.^y;, n Mr+� .,? a-:. t�..rs. SY
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Description of Improvements
The property has a number of improvements described below.
House: 960•sq. ft.°, wood frame construction resting on mortar and
concrete block perimeter; asbestos exterior wall cover and composition
shingle roof cover; interior.floors are a mixture of carpet, linoleum
and wood, interior walls are typical drywall finish with metal the
wainscot in bathroom; space heater and no air-conditioning. The house
contains a kitchen, living room, bathroom and 3 bedrooms with adequate
closet space. .The house has no insulation and was moved•into the present
location about 20 years ago. The condition is lees than average.
Well House:- 86 sq. ft. wood frame well house resting on a concrete slab,
composition exterior wall cover and sheet metal roof cover; well is
approximately.100' deep set at 80", 30.gallon pressure tank and 3/4
horsepower submergible pump.
Storage Building: 96 sq. ft, wood storage building with wood and dirt
floor.
Van used for Storage:- Old van approximately 78 sq. ft. in area and
7' tall used for storage.
Truck Bed used as Stora e: Old truck bed approximately 120 sq. ft. in
area and 8' tall used for storage; interior has wood floor and plywood
walls and ceiling.
St6r6g6 Building: 52 sq.'ft. storage building with sheet metal and.wood
exterior siding; metal roof, wood floors resting on loose concrete blocks;
in poor condition.
No Text
No Text
+tx� «�". Y i .+may .r� ac��1!F.. r '' a�g,k� rs�iY 5r•A�.. �P►+4�°:,tea•
"Y�^?B`.�w:-th .wrde"I''"#S3±t' ��. W;.__�'�`it"�.'_�-^„';+'h�,'a1.�.�`f:.'e.�r .�-'�':,'�,�+.�s�,>_ __a�,n .'.c:. e�%':h,.+v i��x"rc�'a.,f-,re.�.Ss��. a�t.'w:�}, u�. .,te•i,.....}e.-.�_.
Site Data
This tract is 1.156 ± acres in area with dimensions that can be
observed from the following Site Sketch. The site fronts to East
19th Street; which.is'paved but is -without curb and gutter. The
tract is located along the edge of Yellowhouse Canyon. About the
north 1/3 of'the tract is fairly level land. The balance of the tract
is rough sloping canyon land:
No significant adverse easements or encroachments were noted at the
time of the appraisal inspection. The HUD flood hazard map does not
i
include this? tract in a flood area. This tract is zoned R-1, Single
Family Residential.
This tract is platted and city sewer pro rata expense has been paid and
the residence is.connected to the city sewer. City water pro rata has
not.been paid and the property has its own water well.
I
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s�-ti ,� �.,`' � x" a°#;, r � :���c.,';:.rP-.,.. ,E�a:R ,4 .�'. 4 ?.,Kti.,✓ F ,��n.> mob. �ti +.6i+C��`d N,-.. a � -.r, �a.ry.' ate.. s t, _
=., +xM' �.nf�?3�tt M�§Y`N '� ��3avw�L'�1+4.9dN.`-'�""�aw.r� :i�.t�:..�' ,._.. �.�_`'d-i�s:`r^•� a, y y ,�..,:�r
- -
PHOTOGRAPHS OF SUBJECT PROPERTY
Looking south at subject property from 19th Street.
Looking north at rear of subject property.
No Text
c t �xr:+:. -`. l §N N+f^'�' -'.' x eA �.`a s'a. r,. rT,{ 0. 0-r ,ani �`•e'd< yj f -au o ,e.r y ,�°r },rz1.. J{ 1i r �" �•= i' b,' raXs a.r a.,t, ''s
. ` 1
». . ,. �r r ... y sF :g.. , ,'� fr J , w rt'y' ,A Y � F• s ,r i r -� !"",,,r�„g ,� •''s r
-----------
Looking north at subject property from bottom of canyon.
Looking north at subject property from near southeast corner of subject.
- .r.- r-.... F- .'S`t'rg"a.a .vc#%.Wr'f"'xi1L S4i��.�':Lietl4i`..SN3aY4kiii3WAiYJ%itlLSiY.,i2SZGY.m+aa'r�V*s��fin'kY
Taxes
^�i3Yi� r'fi���wM
O+'R"r.��aroe" 6��.�..fi�.v���' �$(Sir,����a�'i`T2PC,YLK"_'h�'•'- G
Agent
Assessed Value
Tax Amount
City and School
;$2,870
$ 71.17
r� State and County
1,760
29.48
Total
$10.65
..Use'and Occupancy
The subject property is
occupied by RaEymond.Puckett
and is used as a
i
single family residence.
` Rental Information
Does not apply.
Annual Operating tOst
Does not apply.
Highest and Best Use
The highest and best use
of subject property
is for single family
residential purposes.
Valuation of Property
11ARKET APPROACH
Theundersigned has recited three recent talar of properties most similar and proximate to subjrct and has considered these in the market analysis. The descrip•
' n includes a dollar
adjustment, reflecting inarket reaction to those items of significant variation between the subject and comparable properties. If s significant
m In the comparable property is superior%to, or more favArable than, the subject property, a minus (•i adjustment is made, thus reducing the indicated value of
ect: it a significant item in the comparable is interior to, or less favorable than, the
suhiect property, a plus f+i adjustment
Is made, thus increasing the indics.
led value of the subject.
ITEM
Property COMPARABLE NO. 1
COMPARABLE NO. 2
COMPARABLE NO. 3
__.. _
d"'"
1230;6E.19th 1702 Ute
E. 13th and Oak Ave.
3306 E. Broadway
-axilni to Su
- -
--
res Price
Nj A r 7,000
_ �$6,000
3,500
.Ica1Lh►tnp area
s 7.6
s 9.3_8
•��
Dai. source
inspection - seller
buyer
_._._'s
seller
to of Sate and
OESCRIPT16hf DESCRIPTION adl 1,t ant
OESCRIPTION Adl slment
DESCRIPTION adl 1,0 tfn"ent
e Adjustment
3-80 4-76
-79 —
' 4-79
!i
Locstlon
fair fair I
fair �_
fair
e/view
80 FF ac 125 FF -.. + 800
fi00 _ I +,I0_0
0 FF—�r�+�0
srgn arld Appeal
asb com asb com T �
wood/com �
b oc flat �-
1
Quality cf Cgnst.
fair • fair I
fair t
fair I
a e
30 years 35 ears
35dears
lT+1_,0b_o
35 ears
ndition
av -fai r fair +' 1 +1,000
fair +
air-poor
Ing Area Room
Total I B-rms I Baths Total r B-rms ► Baths
5 ' 3 T -� T'��7—
Total o B-rms I Baths I
Total i B-rms r Baths
Count and Total
1—�—
tFf
oss Livin Area
960 sg.Ft. 916 Sq-Ft. I + 200
640 Sq.Ft. +1,450
960Sq
amentik Bsmt.
"
I
it
Finished Rooms
none . ndne I
none
none i
nctlonal utility..
Jai r fair
Conditicninp
none- noner
none --_.t - ` -
none
crape/Car Port _
none 1 de t.. �; = 00
none _
_ 0
Parches, Patio.
Is. ate.
small small t
Ino
small I
small
er fe.g. fere-
places, kitchen
no BIs, space BIs, wall I
no BIs, wall I
no BIs,
erten�ehnegeIinq,
heat & floor fern. 1 -. 300
heat - 300
space heat t
r
S or Financing
1
(
1
Concesslons
i to imp,.__
t
s -9 gs, enc we ouse -1 .
1
�
--- - '-- -- -
minimum I + 700
1
--- -- r-
min�mUm +��
we ouse fence -_
Nat Adj_fTotal{ "
`` (@. Plus; [] Minus ,:s 2-,050
® Plus; - Minus IS 3, 950
®Piur, []Minto j$ 41,600
lcated Value
ubject
�s 99050
--���s 9,950
t —
_ - rs 8,100
Commenis on Market Data u J@Ct5 water we WdS rated even with a compara es which ha c i ty water.
ales Nos. 1 and the most comparable awn—are_afilowed_ t� greater: weight. -
• A-
..qq_-_
•
fit npplienhlnl Economic Market Rant
$?L5 /Mo. x t3mss Rent Mvitlpfler 40• - S TJUU—
appraisal Is marl" I.A "as h' L- I suhjnr:t to the repairs, aljeratlons, or conditlons list ad,hel "_i ompletio per p ap
mentsand Conditions of Appraisal- The economic rent estimate is �ase� on tie u�i'li
specif allpns.
les being paid by
_the owner which".is consistent with "the GRP1 estimate.
{ J. ✓ ?`t 'h i `{*st �` s '-�^
COST APPROACH
Measurements No. Stories Sq. Ft.
40 24
ESTIMATED REPRODUCTION COST - NEW - OF IMPROVEMENTS:
960 18.00 17,280
x .. x -
Dwelling Sq. Ft. V s
_ s
X x -
Sq. Ft. @ $
•
X x -
Extras
x x -
•
x x
-
x x _ -
Porches, Patios, SIC. in rate
-
Total Gross Living Area (List In Market Data Analysis betow) �-
Garage/Car Port Sq. Ft.
Comment on functional and economic obsolescence:- Physical
Site Improvements (driveway, landscaping, etc)
• �
depreciation is based, on observed condition at
Total Estimated Cost New . . . . . .
- s18,980
the time of .the appraisal inspection. conomic
Physical Functional
Economkw
tt
eprec ation is due o market resistance o i s
--and
Let
oepreciations• 30% $
35°b' s:ys(11,230
location. Pride o owners Tp main enance
Depreciated value of Improvements . . . .
• S7,750
Ls genera ly poor in t e nalgFbOr-Fl 0
ESTIMATED LAND VALUE . . . .
. _ 2'JOU -
llf leasahold, show only leasehold value)
VALUE BY COST APPROACH.
t 10,050
* Site improvements and
Contributory Value
• 5 'storage facilities 0 $100 each $ 500
Well house
50
water wel 1 .
1,000
landscape
100
clothesline
25
miscellaneous fence
25
Total $1,700
- 'a - *w Y -: ; _. f 4 +� C w�,,tt r V . i- Y y _'Y.e T y '•w .+4.i:.
*#.,.:3 ,�.'�- -' °� .`"�. - z, F; �..`'- �v, f .� .� Y'aiSP®� '�:taasL'.tr.S n- a"„'m:✓.u�+�'•rt
Land Sale Pro Price Indicates
Date Acres Z66in2 Rata ,Per Acre For Subject
1 4-78 1.0 R-1 No $2,400 below $2,400
2 12-72. 4.29 R-1 No 1,165.50 above $1,165,50 -
3 11-77 0.73 R-1 No 2,054 $2,054
Subject --- 1.156 R-1 sewer
only
Sale No. 1 is rated superior to subject because it is all level land.
Sale No. 2 is a larger tract, has an older sale date, and has no pro
rata paid: Subject is rated better than this sale. Sale No. 3 is all
level land but it did not have street paving paid and subject has city
sewer. This sale is rated about even with subject on a per•acre basis.
In the final analysis a value conclusion of $2,000 per acre is concluded
for subject property.
1.156 acres 0 $2,000 = $2,313
"say'•
Estimated Land Value ------ $2,300
.,,',' "�. v• «- . *i� % +ae�-+ 'ir � ^b �. "ti3 moi^ y"1:•fii � .�rrf RS. � :'- t .T'•S =- �e w ... w � ei. t+: � ' '�C i.. t":.e 'y ,.yu t �,�- ._.
- _ �,:,.,.w,.,, . - tom.;.. � — -a' Yia,u.� �5u_y� ' _: '�.:i ... �.'tw,� '�' 4 • �' •:i3f::r,
Correlation•and Final Estimate of Value
MarkettApproach---------------- $ 9,600
Income Approach --------=-------- $ 9,000
Cost Approach --=---------------- $10,050
The market approach is considered the most reliable indicator. The
cost approach involves extensive depreciation estimates. The income
approach has only a limited amount of data available for analysis.
FINAL ESTIMATE OF VALUE ---------- $9,600
Arbitrary Breakdown of Value
Residence $5,600
5 storage facilities
0 $100 each 500
Well house 50
Water Well 1,000
Landscape 100
Clothesline 25
Misc. Fence 25
Land 2,300
Total $9,600
rem a& Tr
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LAND SALE
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ASSUMPTIONS APED CONTINGENT CONDITIONS
The appraiser assumes:
1. That the legal description furnished is correct.
2. That the title to the property is good.
3. That the property is free and clear of all liens.
4. That the property will be properly maintained.
This report is submitted subject to the following limiting conditions:
1. That no guarantee is made as to -correctness of information,
estimates, or opinions furnished by others.and used'in
making this appraisal.
2. That no liability is assumed on account of inaccuracies
or errors in such information, estimates, or opinions.
3. That no liability is assumed on matters of a legal
character affecting the property, such as title. defects,
over -lapping boundaries, etc., and no right to expert
testimony unless adequate arrangements for fees are made.
4. The appraisal fee is not, in any sense, contingent upon
anything other than delivery of this report.
- Jt ty
F_`2w'"..L"'"�".+�'ralsai�irii..s--�.��d.
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RESTRICTIONS UPON DISCLOSURE AND USE
1. Disclosure of the contents of these appraisal reports is
governed by the By-Laws and Regulations of the American
Institute of Real Estate Appraisers of the National
Association of Real Estate Board.
2. Neither all nor any part of the contents of these reports
(especially any conclusions as to value, the identity of
the appraiser or the firm with which he is connected, or
any reference to the American Institute of Real Estate
Appraisers or to the Society of Real Estate Appraisers.
or to the M.A.I. or S.R.P.A. designation) shall be
disseminated to the public through advertising media, public
relations media, news media, sales media or any other public
means of communication without the prior written consent and
approval of the undersigend.
i��• - 1. A " t ,:, �".:. ti �.S .. *. .o' r: ha '.*� ?iso .a ¢ - �3
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QUALIFICATIONS OF JIMMY J, GODDARD, 14,A.I•,S•R.P.A.
Education:
Professional Recognition Award, presented by the American _
Institute of Real Estate Appraisers for the years 1980, 1981,
and 1982.
Texas Technological University
BBA Degree, 1963
Major: Finance Option: Real Estate and Insurance
Successfully completed Appraisal Course by Texas Highway
Department, Austin, Texas '1964
Successfully completed Examination I, Case Study Course II,
and Course VIII, American Institute of Real Estate Appraisers
PositionsjHeld:
Owner - Goddard and Associates - presently, Lubbock, Texas
Manager - Property Evaluators, Inc. - 1966 - San Angelo, Texas
Review and Staff Appraiser - Texas Highway Department - 1963
to 1966, Odessa, Texas
President - South Plains Chapter - Society of Real Estate
Appraisers, 1974 - 1975
Member - 1973 Young Men's Council - Society of Real Estate
Appraisers - 1976 - 1977
Instructor - Texas Tech University
Lubbock Christian College
,„ a. +� r ,.: r° > z.'t .; ..asnc'� r -..i.. a 1T . �t''i..,. • 'Y
Memberships:
Member of American Institute of Real Estate nlyraisers
Senior Real Property Appraiser - Society of 110Al Estate Appraisers
Real Estate Broker's License - Texas Real Es 1,41,.13 Commission
National Association of Realtors
Texas Association of Realtors
Lubbock Board of Realtors
Partial Li st' of Clients
Texas Highway Department
City of Lubbock
Veteran's Administration
Secretary of Housing and Urban Development �ment
Republic National Bank of Dallas - Trust DenAr'
Lubbock National Bank
First National Bank of Lubbock
First Federal Savings. and Loan Association
First Texas Savings Association of Lubbock
State Savings and Loan Association
West Texas Savings Association
Sentry Savings Association
Mortgage Guaranty Insurance Corporation
Merrill Lynch Relocation Management Corp.
PMI Mortgage Insurance Company
West Central Investment Corporation Iowa
i Lutheran Mutual Life Insurance Company, WavvVIV,
Phillips Petroleum Company
Gulf Oil Company
Continental Oil Company
Sun Oil Company
Texaco, Inc, ton, Texas
Great Southwestern Life Insurance Company, {ItNj .
Southwestern Bell Telephone Company
The Western Company
Texas Instruments, Inca
Texas International Company
Southwestern Life, Dallas