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HomeMy WebLinkAboutOrdinance - 2021-O0110 - Valencia PID Public Hearing for 2021 Assessment Rate�.�+-� „ �bb �cx�na F �� First Reading August 24, 2021 � Item No. 8.4 � ORDINANCE NO. 202 1-00 1 1 0 Second Reading September 14, 2021 Item No. 7.7 AN ORDINANCE REVIEWING CLASSIFICATIONS FOR TIiE METHODS OF ASSESSING SPECIAL BENEFITS FOR THE SERVICES AND IMPROVEMENTS OF PROPERTY IN THE VALENCIA PUBLIC IMPROVEMENT DISTRICT; APPROVING, ADOPTING AND FILING WITH THE CITY SECRETARY THE ASSESSMENT ROLL; CLOSING THE HEARING AND LEVYING 2021 ASSESSMENTS FOR THE COST OF CERTAIN SERVICES AND IMPROVEMENTS TO BE PROVIDED IN THE DISTHtCT DURING FY 2021-22; FIXING CHARGES AND LIENS AGAINST THE PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS THEREOF; AND PROVIDING FOR THE COLLECTION OF THE ASSESSMENT. WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") allows for the creation of public improvement districts; and WHEREAS, On July 14, 2011 the City Council passed Resolution No.2011-R0310, attached here as "Exhibit A," which made certain findings concerning the advisability of creating the Valencia Public Improvement District (the "District"), authorized and created the District as a public improvement district under the Act, and designated the Lubbock City Council as the entity responsible for the management of and provision of services and improvements to the District; and WHEREAS, On August 11, 2011, the City Council passed Resolution No. 2011-R0342, approving the Service and Assessment Plan (the "Plan"), which will be reviewed and revised each year when necessary. The revised 2021 Service and Assessment Plan (the "Plan") for the District is attached hereto as "Exhibit B;" and WHEREAS, the Act requires that the City Council review the Plan; prepare a proposed Roll and file it with the City Secretary; and schedule a public hearing to consider the proposed assessments and receive public comment on an annual basis; and WHEREAS, after published and mailed notice of the hearing, pursuant to the Act, a public hearing was held August 24, 2021, to consider objections to the proposed assessments. The City Council closed the public hearing after receiving property owner's concerns and comments (both oral and written) on proposed 2021 assessments within the District and acted on any objections to proposed assessments for particular parcels; and WHEREAS, the City desired by the calling and holding of such public hearing to provide a reasonable opportunity for any owner of property located in the District to speak for or against the 2021 assessment rate for a special assessment against real property and real property improvements exclusive of public rights-of-way, to provide funding for the District for the purpose of supplemental services and improvements; and WHEREAS, the City Council desires to review classifications and formulas for the apportionment of the costs for the services and improvements of the property in the District, Valencia PID Assessment Ordinance 2021 (FY 2021-22) Page 1 -N m —� —m A � �o �� _� T�� � y r �o �o �� � �.. � Z � � � � � � and approve, adopt, and file with the City Secretary the proposed assessment roll (the "Assessment Roll'), attached hereto as "Exhibit C"; and WHEREAS, the City Council finds after review that the revised service plan and assessment plan are feasible and sound and will serve the needs and desires of the property owners and that the assessment rate of $0.18 per $100 value for years 2021 through 2025, as determined by the Lubbock Central Appraisal District, of the property or improvements to the property located in the District; are reasonable and adequate; and NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS: SECTION 1: That the facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct. SECTION 2: That the City Council after review of the Plan approves the method of assessing special benefits of services and improvements in the Plan. Terms relating to property taxes in this ordinance shall be used as defined in Section 1.04 of the Texas Property Tax Code. In accordance with the Plan, each property owner in the District identified for assessments in 2021 receives the same amount of service for the assessment provided. The proposed method of assessment, which specifies included or excluded classes of assessable property, is based on the net taxable value of the real property and real property improvements as determined by the Lubbock Central Appraisal District in accordance with Chapter 25 of the Texas Property Tax Code. Public rights -of -way are exempt from assessment. SECTION 3: The City Council hereby approves, adopts and files with the City Secretary the Roll attached to the Plan. The Roll states an estimate of the assessment against each parcel of land in the District, as determined by the method of assessment set forth in the Plan and this Ordinance. The City Secretary shall file the Roll in the official City records. The Roll shall be subject to public inspection. SECTION 4: That the City Council finds that the notice of the City Council's intention to consider the proposed assessments at a public hearing on August 24, 2021 at 5:00 p.m. in the City Council Chamber, 1314 Avenue K, Lubbock, Texas was published in the official newspaper of the City of Lubbock, Texas before the 1 Oth day before the date of the hearing. The notice stated: (1) the date, time and place of the hearing; (2) the general nature of the services and improvements; (3) the cost of the services and improvements; (4) the boundaries of the District; and, (5) that written or oral objections will be considered at the hearing. SECTION 5: That the City Council finds that City staff mailed to the owners of property liable for assessment, notice of the hearing as the ownership appears on the City tax roll. The notice contained the information required by the Act. The notice was mailed before the 1 Oth day before the date of the hearing to the last known address of Valencia PID Assessment Ordinance 2021 (PY 2021-22) Page 2 the property owner on the City tax roll. The failure of the property owner to receive notice does not invalidate the proceeding. SECTION 6: That the City Council finds that the assessments should be made and levied against the respective parcels of property within the District and against the owners thereof, and are substantially in proportion to the benefits to the respective parcels of property by means of the services and improvements in the District for which such assessments are levied, and further finds that in each case the property assessed is specially benefited by means of the said services and improvements of the District, and further finds that the apportionment of costs of the services and improvements is in accordance with the law in force in this City and the State and in the proceedings of the City heretofore had with reference to the formation of the District and the imposition of assessments for said services and improvements are in all respects valid and regular. SECTION 7: That there shall be and is hereby levied and assessed against the parcels of property within the District, and against the real and true owners thereof (whether such owners be correctly named or not), the sums of money calculated by applying the assessment rate to the final 2021 city net taxable value in the manner described in the assessment, attached hereto as "Exhibit B" and "Exhibit C' shown opposite the description of the respective parcels of property, and the several amounts assessed against the same, and the owners thereof. SECTION 8: That the several sums above mentioned and assessed against the said parcels of property and the owners thereof, and interest thereon at the rate per annum established in Section 9 together with reasonable attorney's fees and costs of collection, if incurred, are hereby declared to be and are made a first and prior lien against the property assessed, superior to all other liens and claims except liens and claims for ad valorem taxes and is a personal liability of and charge against the owners of the property regardless of whether the owners are named. The lien shall attach on January 1 of each year to the property to secure the payment of all assessments, penalties, and interest ultimately imposed for the year on the property, whether or not the assessments are imposed in the year the lien attaches and shall be effective until the assessment is paid. The lien is perfected on attachment and perfection requires no further action by the governing body. SECTION 9: That the assessments levied herein shall be due and payable in full on receipt of the assessment bill and are delinquent if not paid by January 31, 2022 except as provided in Sections 31.02(b), 31.03, and 31.04 of the Texas Property Tax Code. A delinquent assessment incurs a penalty of six percent (6%) of the amount of the assessment for the first calendar month it is delinquent plus one percent for each additional month or portion of a month the assessment remains unpaid prior to July 1 of the year in which it becomes delinquent. However, an assessment delinquent on July 1 incurs a total penalty of twelve percent of the amount of the delinquent assessment without regard to the number of months the assessment has been delinquent. A delinquent assessment continues to incur the penalty provided by this section as long as the assessment remains unpaid, regardless of whether a judgment for the delinquent Valencia PID Assessment Ordinance 2021 (FY 2021-22) Page 3 assessment has been rendered. That if default be made in the payment of any of the said sums hereby assessed against said property owners and their property, collection thereof, including costs and attorney's fees, shall be enforced by the governing body in the same manner that an ad valorem tax lien against real property may be enforced by the governing body under Chapters 31, 32, and 33 of the Texas Property Tax Code. The owner of the assessed property may pay at any time the entire assessment on any lot or parcel, along with any interest and penalty that has accrued on the assessment. SECTION 10: That all assessments levied are a personal liability and charge against the real and true owners of the premises described, notwithstanding such owners may not be named, or may be incorrectly named. SECTION 11: That the assessments herein levied are made and levied under and by virtue of the terms powers and provisions of the Act, as amended. SECTION 12: That the City may contract with the Lubbock Central Appraisal District and any competent attorney to collect the assessments and to represent the District to enforce the collection of delinquent assessments. The attorney's compensation shall be set in the contract, but the total amount of compensation provided may not exceed twenty percent (20%) of the amount of delinquent assessment, penalty, and interest collected, as required in Section 6.03 of the Texas Property Tax Code. FRZI1118 W73 Passed by the City Council on first reading on August 24th ,2021. Passed by the City Council on second reading on September 14th ,2021. STEVE M N A MAYOR PRO TEM ATTEST: JK----- Reb—eAa Garza, City Sec et Valencia P1D Assessment Ordinance 2021 (FY 2021-22) Page 4 APPROVED AS TO CONTENT: — ell'-� e�3� D. Blu Koste ich, Chie inancial Officer APPROVED AS TO FORM: K1011i Leisure, Assistant City Attorney Ord. Valencia PID Assessment Ordinance 2021 August 24, 2021 Valencia PID Assessment Ordinance 2021 (FY 2021-22) Page 5 Resolution No. 2011-RO310 EXHIBIT A July 14, 2011 Item No. 6.4 RESOLUTION WHEREAS, a petition has been received from the record owners of taxable real property representing more than 50 percent of the appraised value (as determined by the most recent certified appraisal roll of the Lubbock Central Appraisal District) of an area within the City of Lubbock generally bounded by generally bounded by 85`h Street on the north, 88'h Place on the south, Iola Avenue on the east, and Milwaukee Avenue on the west, AND owners of not less than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the proposal; requesting establishment of a Valencia Public Improvement District under Chapter 372 of the Texas Local Government Code for the purpose of maintaining Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, 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; including costs of establishing, administering and operating the District; and WHEREAS, the petition, a copy of which has been attached as Exhibit "l," was examined, verified, found to meet the requirements of Section 372.005(b) of the Texas Local Government Code, and accepted by the City Council of the City of Lubbock, Texas (the "City"); and WHEREAS, the boundaries of the proposed Valencia Public Improvement District within the city limits of the City of Lubbock are described in the attachment designated as Exhibit "2" and shown on the map attached hereto as Exhibit 113"; and WHEREAS, the City has called a public hearing to hear public comments on the advisability of the proposed public improvement district and its benefits to the City and to the property within the boundaries of the proposed public improvement district; and WHEREAS, notice of such public hearing was published in the Lubbock Avalanche -Journal, a daily paper of general circulation in the City, such publication date being before the 15'h day before the date of the public hearing stating the time and place of the hearing, the general nature of the services, the estimated cost of the services, the proposed boundaries of the proposed Valencia Public Improvement District, the method of assessment, and the apportionment of cost between the improvement district and the city as a whole; and WHEREAS, written notice containing the information in the published notice was mailed before the 15a' day before the date of the hearing to the current addresses of the owners, as reflected on the tax rolls, of property subject to assessment under the proposed public improvement district; and Valencia PID Establishment EXHIBIT A WHEREAS, such hearing; was convened at the time and place mentioned in the published notice, on the 14"' day of July, 2011, at 9:30 o'clock a.m., in the Council Chambers of* (lie City of Lubbock, Texas; and WHEREAS, the City, at such hearing, invited any interest person, or his/her representative, to appear and speak for or against the authorization of the Valencia Public improvement District, the boundaries of the proposed public improvement district, whether all or a part of the territory which is described in Exhibit -2" attached hereto and depicted on the map attached hereto as Exhibit " Y should be included in such proposed Valencia Public improvement District, the advisability of the proposed improvements. the nature of the improvements, the estimated costs of the improvements: the method of assessment, and the apportionment of costs bemeen the district and the city as a %Nhole: and WHEREAS, all oxNners of' property located "ith the proposed Valencia Public Improvement District and all other taxing units and other interested persons �Nere given a reasonable opportunity at such public hearing to protest the authorization of the Valencia Public improvement District and: or the inclusion of their property in such District: and WHEREAS, the proponents of the Valencia Public Improvement District offered evidence, both oral and documentary, in favor of all of the foregoing matters relating to the creation of the Valencia Public improvement District, and opponents of the Valencia Public Improvement District %%ere given the opportunity to appear to contest authorization of'the district, after which the hearing was closed; NOW THEREFORE: BE iT RESOLVED By THE C1TV COUNCIL OF THE CITY OF LUBBOCK, TEXAS: SECTION 1: That the facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct. SECTION 2: That the City Council, after conducting such hearing and having heard such evidence and testimony, has made the Hollowing findings and determinations based on the evidence and testimony presented to it: (a) That the public hearing on the advisability of authorizing the Valencia Public Improvement District has been properly called, held and conducted and that notice of such hearing has been published and mailed as required by law and delivered to the current address of the owners of' property subject to assessment under the proposed public improvement district. (b) 'That authorisation of the proposed Valencia Public Improvement District with boundaries as described in Exhibits ` T' and " Y for the purpose of maintaining Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, conununit) facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located Valencia P1D Establishment 2 EXHIBIT A therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and greens; landscaping, hardscape and irrigation; including costs of establishing, administering and operating the District is advisable and will result in benefits to the City, its residents and property owners in the Valencia Public Improvement District. (c) That the total estimated cost of services and improvements proposed to be provided by the District is approximately $56,929 over the next five (5) years, and that the estimated annual cost rises from $4,500 in year two to $19,149 in year five (5). Services anticipated are maintenance of 87`h Street park and median, electric costs for lights, and operational and administrative costs. (d) That the costs are based on a proposed assessment rate of $0.11 per $100.00 of valuation through year 2019. (e) That as to apportionment of cost between the proposed District and the City, all costs for proposed improvements will be paid by the District through assessments. SECTION 3: That the City hereby authorizes under Sections 372.006, 372.010, and 372.041 of the Act, a public improvement district over the area described in Exhibit 2 attached hereto and depicted in the map attached hereto as Exhibit 3 and such public improvement district shall hereafter be identified as the Valencia Public Improvement District, City of Lubbock, Texas. SECTION 4: That the City Council shall be the governing board for the Valencia Public Improvement District. The City Council may appoint an Advisory Board for management of the District in the future. SECTION 5: That the notice of this authorization for the Valencia Public Improvement District shall be published in a newspaper of general circulation in the city. SECTION 6: That if any section, paragraph, clause or provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section paragraph, clause or provision shall not affect any of the remaining provisions of this Resolution. Valencia PID Establishment 3 EXHIBIT A Passed by the City Council on July 14 , 2011. TOM MARTIN, MAYOR ATTE's,r: Reb -cca Garza, City Secretary Qa- APPROVED AS 'l O CON'l ENT: Andy B Ircham Chief Financial Officer A13PROVED AS TO FORM: Linda L. Chamales, Economic Development Attorney as cityatt/I mdaNalencia PID Establishment Mat 18.2011 Valencia PID Establishment 4 EXHIBIT A Exhibit "1" Resolution No. 2011-RO310 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 (50a/a) 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 100a/o 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 1 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 I have hereunto set my hand and affixed the official seal of said office this 16th day of May, 2011. (City Seal) Rebekca Garza ( \ City Secretary v City of Lubbock Lubbock County, State of Texas EXHIBIT A Exhibit "I" 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 first 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 EXHIBIT A Exhibit "1" 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. O=uvn A. saenam amm of me groRa mmumna a or me nuouc rmnroyements. The general nature of the proposed public improvements is: (1) 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 pm2gasW 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 rdla2oo UM DAN 103" o--J.00c EXHIBIT A Exhibit "1" I 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 taaable 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. Agportionment of Cost between the Cif,► 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. Secg'gn 7. MauAgm t 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 -today management and administration of the District. Sectjgn,8. Aft= bg 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. t.vazod3M DAW 103"W-i.noc [Signature on following page] -2- EXHIBIT A Exhibit "1" PETITIONERS: Real Property Resources, Inc. S Drew Wegman, V e-President of Real Property Resources, Inc. THE STATE OF TEXAS COUNTY OF LUBBOCK § On this, the 8d' 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. *A.MbWAWm%M&L. h o—m +�Lvbci� ANNE M. 81C (KM #Nblic Signature M"Pdk SIMdTmms NpOoinn�s6oneoulo-a m LA(s m Signature Page for Petition EXHIBIT A Exhibit "1" EXHIBIT A The Land METES AND BOUNDS DESCRIPTION: .A 39.941 ACRE TRACT OF LAND SITUATED 1N THAT CERTAIN 199.832 ACRE TRACT OF LAND RECORDED IN VOLUME 6937. PAGE 174 OF THE REAL. PROPERTY RECORDS OF LUBBOCK COUNTY, INCLUDING TAT 48 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 A BLOCK AK, LUBBOCK COUNTY. TEXAS. SAID 39.941 ACRE TRACT BEING FURTHER DF.SCRMED BY METES AND BOUNDS AS FOL LOWS- BEGDINIMG AT A 1/Y IRON ROD WITH CAP MARKED "STEVENS RPIS 4339" SET IN THE EAST 124E OF LOT 4A. SPECTRA LUBBOCK SOUIWII. AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS. ACCORDING TO TIM MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO.2000W35 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND & 01- 49' 05' W: A DISTANCE OF 175.00 FEET FROM THE SOUTHWEST CORNER OF TRACT A-1, A REPTAT 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 EASTING. 916.426.179, TEXAS COORDINATE SYSTEM. TXNC ZONE 42DZ NAD 83 (CORS 96). WHENCE THE NORniWFST CORNER OF SECTION 28 BEARS N. Ot° 4r 05' E. A DISTANCE OF 1001.9t FEET, N. 010 54' 2V E. A DISTANCE OF S5.00 FEET AND N. 88° OS' 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 178OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY; THENCE & 880 11- Ot' I-, PARALLEL WITH THE SOUTH LINE OF SAID TRACT A-1 (PREVIOUS RECORD CALL• EA.S 1). 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 128220 FEET TO A 1/2" IRON ROD WITH 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 49 Or W.. ALONG THE EAST LINE OF SAID 1".632 ACRE TRACT (PREVIOUS RECORD CALL- S. 00- Or SO" LL) AND THE CENTERLINE OF IOIA AVENUE AS DEDICATED BY THE PLATS OF REGAL PARK, ACCORDING TO TIM MAPS OR PLATS THEREOF RECORDED IN VOLUME 8405, PAGE 286 AND VOLUME 10t14, PAGE 58 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, A DISTANCE OF 992.97 FEET 70 A PK NAIL AND WASHER FOUND AT THE NORTHEAST CORNER OF THAT CERTAIN TRACT OF LAND CONVEYED TO LUBBOCK LAND INVESTMENTS 1, LP RECORDED IN VOLUME 10469, PAGE 124 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTHEAST CORNER OF THIS TRACT; THENCE N. 88-19 OS" W., ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVIISTMEITI M L LP TRACT, AT A DISTANCE OF 3200 FEET PASS A 1/2' IRON ROD WITH CAP MARKED "H. REED & ASSOCS" FOUND, CONTINUING FORA TOTAL DISTANCE OF 111&38 FEET (PREVIOUS RECORD CALU N. 860 09' S0" W.. m&38 FEE, ) 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 LAND INVESTMENTS I, LP TRACT, A DISTANCE OF 146.21 FEET (PREVIOUS RECORD CALL• N. 010 4f 13" 1 ,146.21 FEET) TO A 1/2" IRON ROD WITH CAP MARKED "H. REED & ASSOCS" FOUND FOR A CORNER OF THIS TRACT; THENCE N. 88- 09' 49" W., ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVESTMENTS L. LP TRACT, A DISTANCE OF 1468.08 FEET (PREVIOUS RECORD CALL.• N. 88-10' 43" W..1467.86 FEET) TO A 1/2' MON ROD WITH CAP MARKED "STEMS RPLS 4339" SET IN 'THE EAST RIGHT-OF-WAY LINE OF ME-WAUKEE AVENUE, AS DESCRIBED IN DEED RECORDED IN VOLUME 973S. PAGE 349 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOtMTWFST CORNER OF THIS TRACT; THENCE N. 010 4Y 17" G. ALONG THE EAST RIGHT-OF-WAY LINE OF MILWAUKEE AVENUE (PREVIOUS RECORD CALL- N. 010 4Y Sr L). A DISTANCE OF 29200 FEET TO A S/8" IRON ROD FOUND AT THE SOUTHWEST CORNER OF TRACT eA, W ALMART SUPERCENTER. AN ADDITION 1-0 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 In IE MOST WESTERLY NORTI IWFST CORNER OF TI ITS TRACT; A-1 EXHIBIT A Exhibit "l" THENCE S 880 OV S4" E., ALONG THE SOUTH LINE OF SAID TRACT A, A DISTANCE OF 915.02 FEET {PREVIOUS RECORD CAI L• S. W IV 10" 1 ., 914.93 FEET) TO A 5/8" IRON ROD WITH CAP ALARKED "DUNAWAY ASSOC, INC" FOUND AT THE SOUTHEASC CORNER OF SAID TRACT A AND Tl IE SOUTHWEST CORNER OF LOT 48 OF SAID SPECIRA LUBWXK SOU THWES7', FOR A CORNER OF THIS TRACT. THENCE N. 01° 4V 50" E., ALONG THE COMMON LINE OF SAID TRACT A AND LOT 48, A DISTANCE OF 28259 FEET (PREVIOUS RECORD CALL• N. 01° 49' SW E., 28178 FEET) TO A 1/2" IRON ROD WITH CAP MARKED "STEVENS RPLS 4339" SET AT THE WEST COMMON CORNER OF SAID IATS 4A AND 4B FOR A CORNER OF THIS TRACT.. THENCE S. W IV 10" E, ALONG THE COMMON LINE OF SAID LOTS 4A AND 4B. A DIS .4,NCE OF 388.52 FFMT (PREVIOUS RECORD CALL.• S. W IV IV E., M&47 FEED TO A 1/2" IRON ROD WTIH CAP MARKED "SIEVENS RPLS 4339" SET AT THE EAST COMMON CORNER OF SAID LOTS 4A AND 48 FOR A CORNER OF THIS TRACT; THENCE N. 010 W Or I:., ALONG THE EAST LINE OF SAID LOT 4A (PREVIOUS RECORD CALL- N. 01° 4W Mr E.), A DISTANCE OF 27131 FEET TO THE POINT OF BEGINNING. FMB EXHIBIT A Exhibit "1" BETENBOUGH HOMES -- April 8, 2011 Cheryl Brock City of Lubbock, TX 162513* 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 M. "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 hnprovement 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 fiords 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. S. Addressed in Section 2 of the petition. 9. City owned land in the distinct will be "Tract A dt 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. EXHIBIT A Exhibit "I" BETENBOUGH -HOMES 13. Method of assessment will be base on the net taxable value of the affected properties and will be assessed at S. I 1 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. Drew weg�n Community Development Betenbough Homes EXHIBIT A Resolution No. 2011-RO310 m wa• -am ••ems gwo am saver ""'"o +r raiser � +rn>t• eo�in� art � ,00= r ran, "M K m a 0� L soswop 0c esuceao +anoor oisr aoo • �j�p{ °r K sasnrort maw ta4 AL L901 We PrW Rom' asrrrrolt a and i ,fir � � � � �_wrr 0oa�p craws at � aasnrort rmas i tm N 10, am rar so Qm! ATi tl� 1AY000aC osw+v�iy aswl cross R EF 2 • ggif � wasorav� r.rear ec 0erw4str r,ap' �} g § Ya tic ra0ea0at low" ks wetcerei� roe wren oo. W MV" of nis MMM of 1.MD 1N THE NORTH WEST QUARTER OF SECTION A BLOCK AK aaoos- LUBBOCK COUNTY, 'TEXAS MEM A DGUMS DESCRUM ON SEPMATE DQCUMBMS to=* save: $' . m ranw um emm tam or sneer. •- reuo rses+n. W�a°"io�� aoa�m 4sw er - aer0arra rsro0. is NMOIL Veit sam°OOiU a`ioe�oe "osoism s"'"so�"n l NOM 101 m imomareo r0onssorrr tiro siwK4t 00 rinser Cans ror0 n#cqftes rro tie ao0 mt 30 R l min 4 ®as awe r0smar he xru0r m tie am or w mi0mat me ae0v. itae4rI aCMM 30 u0 IOAeQ 4 mee dal To aoe�aoatt V400MI es o. SM" i OL rOq�R001r O 114 r{N oat oe s�ena ewrnprr s «f a osaoeeo era run as r AIM Im mac ra is m "M a an rur. s rm •rrrraorc s a im mo a ■ as amarauc ermet eat m°mos mereror m a a W are mesas 00 tiro ar nee m a9mm0 0rem Is EXHIBIT A Exhibit IT, Resolution No. 2011-RO310 ' -i �,�;_ � -;1 " :�•_ � _i fir; •., ' � � , r Ink ' �• • _ ■ x ! � - •� � is L tL it;l;ti j.. Mil ,t t lit 3'1 lifi j it UPIRI •i•t••le•e,e•� ee� e, f�� a ,e�•Ill•i• e(ej I e,e el ■ '■{ • •�■• •i■I , •. IJ f !: i�t! �t 'li tE! !� �t; 1 1st' }t' 1� t� �1• � ij tl 1I t( tl 1 1, li .� II i i i 11 t�r 5i �t, ! ,!; 111 , � :�:i .j-e: f �_ •• i ee _i� i •i•�• ■ (i! lij �• •i •t {• � • i�� �i � i I•` ^/P /P (IPiIPi/P /P .P� YOI �lPl■iti•P��P I.P <P�•M •IIIIP IOP IP fP IlT ifp il-11631155 EXHIBIT A Resolution No. 2011-RO310 Exhibit "2" The Land METES AND BOUNDS DESCRIPTION: A 39.941 ACRE: l*RACT OF LAND SI'I'UNI ED IN THAT CERT'A1N 199.832 ACRli TRACT OF LAND RECORDED IN VOLUME 6937, PAGE 174 OF TI If-, REAL. PROPHR'IV RECORDS OF LUBBOCK COUNTY, INCLUDING LOT 411 OF SPECTRA LUBBOCK SOUT'L IWE.tiT, AN ADDITION TO THE CITY Olt LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO THE MAI) OR PLAT TI IEREOF RECORDED IN PLAT AND DEDICATION NO.2006044435 OF *11 II* OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND LOCATED IN SECTION 28. BIA(:K AK, LUBBOCK COUNTY, TEXAS, SAID 39.941 ACRE TRACT BEING FURTI LER DESCRIBED BY Mli'1'Ii5 AND BOUNDS AS FOLLOWS: BEGINNING AT A 1/2" IRON ROD WITI I CAI' MARKED "STEVENS RPLS 4339" Sh'1' IN TI Ill EAST' LINE OF LOT 4A, SPECTRA LUBBOCK SOUTIIWrS'I; AN ADDITION 10 THE CITY 01' LUBBOCK, LUBBOCK COUNTY, 'IV.XAS, ACCORDING TO THE MAP OR PLA'1" IT IEREOF RECORDED IN PLAT AND DEDICaVI'lON NO.2006044435 01: TI IE OFFICIAL PUBLIC RECORDS 01: LUBBOCK COUNTY, AND S. 010 4V 05" W. A DISTANCE Olt 175.00 Itlils l' FROM THli SOU'ITIWEti"L' CORNER OF 'TRACT A-1, A RIiPI.AT OF TRA(:1' A, MONTHRHY CIIURC.I1 Olt CI-I11151' ADDITION. AN ADDITION 'I'U'I'1IH CITY Olt LUBBOCK, LUBBOCK COUNTY, TRXAS, ACCORDING -1.0 TIIH MAP OR PI.A'1"THEREOF RECORDED IN VOLUME 102". PAGE 264 OFTI IH OFFICIAL PUBLIC RECORDS OF I.UBBOCK COUNTY, FOR THR NOR'l'HWHST CORNER OF THIS TRACT, HAVING COORDINATES OF NOR'IVING: 7,252,079.942 AND EASI'ING: 916,426.179, 'l'EXAS COORDINATE SYS"!'I:M, 'I -ANC ZONE 4202. NAD 83 (CORS 96). WI IENCE TI IR NOR'I'HWHS'I' (:ORNER OF SIiCI'ION 28 BEARS N. 01° 49' 05" H. A DISTANCE OF 1001.91 FEET, N. Ol° 54' 20" E. A DISTANCE Olt 55.00 Flil;l' AND N. 8r OS' 40" W. A DISI'ANC:E OF 1360.47 FEET, PER CALLED DISTANCES IN SAID PLATOF TRACI' A-1 AND IN PREVIOUS WARRANTY DEIa)S RECORDED IN VOLUME 6937, PAGES 174 AND 178 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY; THENCE S. 8r 11' 01" F., PARALLEL WITI I TI IC SOU11-I LINE OF SAID 'IRA(. -I' A-1 (PREVIOUS RECORD CALL: EA.S'I), AT A DISTANCE Olt 1250.20 FRET PASS A 1/2" IRON ROD WI-1.1I CAP MARKED "SIT3VENS RPI S 4339" SET IN REIjERENC,E, CONTINUING FOR A-IXYI'AL DISTANCE OF 128120 FEET -1-0 A 1/2" IRON ROD Will CAP MARKED "SI'IiVENS RPLS 4339" SET IN TI LE I?ASI' LINE OF SAID 199.832 ACRE TRACT' FOR 11IE NORTHRAS'I' CORNER OF TI IIS TRACT; 'lI IENCE S. 010 45' 05" W., ALONG TI it: HAST LINE OF SAID 199.832 ACRH'IRA(; I' (PREVIOUS RECORD CALL: S. 000 02' 50" R.) AND THE CENTERLINE OF IOI.A AVENUE AS DEDICATED BY 'TILE PIA-I-S OF REGAL. PARK. ACCORDING TO THE MAPS OR PLATS TI IEREOP RECORDED IN VOLUME 8405, PAGE 296 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'IT•IH NOR'1'IIEAST CORNER OF MAT CI:R'I'AIN TRAC OF LAND CONVEYED 'In LUBBOCK LAND INVLi.S'TMENTS 1, I.P RECORDED IN VOLUMIi 10469. PAGE 124 Oil 11IE OI•TICIAI. PUBLIC: RECORDS OF LUBBOCK COUNTY, ItUR T'1 lIi SOU 1'I 11sASI' CORNER Olt'II Il5'ITZA(:l'; TI IENCE N. 88° IV 05" W., ALONG TT IE NORTH LINE OF SAID LUBBOCK [AND INVES171fHNTS 1, LP TRACT, Al' A DIS`I`ANC,I: OF 32.00 FEET PASS A 1/2" IRON ROD WITH CAP MARKED "H. REED & ASSOCS" FOUND, CONTINUING FOR A TOTAL DISTANCE OF It18.38 FIiH'1' (PREVIOUS RECORD CALL: N. 88° 09' SO" W.. 1118.38 FEE!) TO A 1/2" IRON ROD WI.111 CAP MARKED "H. REED & ASSOCS" FOUND FOR A CORNER OFTI IIS'I'RA(.-I 'll IENCE N. 010 4V 45" li., AIA)NG A PORTION 01: THE NORTI I LINE Olt SAID LUBBOCK LAND INVESTMENTS 1, LP'1RACT, A DISTANCE OF 146.21 Flihl' (PREVIOUS RECORD CALL: N. 010 48' 13" E.. 146.21 FRR`I) TO A 1/2" IRON ROD WITH CAI) MARKED "1 I. REED & ASSOCS" FOUND FOR A CORNER OFT! IISTRAC17-1 1'1II:NCH N. W OV 49" W., ALONG '!'I Ili NOR'I'I I LINE Oil SAID LUBBOCK LAND INVESTMENTS 1, 1,1) lRACI', A D151'ANCE OF 146&08 FERT (PREVIOUS RECORD CALL: N. W 10' 43" W.,1467.86 FEET) 7*0 A 1/2" IRON ROD WITH CAP MARKED "STEVENS RPLS 4339" SET IN THE EAST RIGHT -Olt -WAY LINE OF MIL WAUKEE AVENUE, AS DLSCRIBED IN DEED RECORDED IN VOLUME 9735, PAGE 349 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FORT HE SOUT'l I WEST CORNI iR OF TI IIS TRACT; 'ITIENCIi N. Ol° 4Y 17" E., ALONG Tllli Iv\Sl' RIGIITOF-WAY LINE Olt MILWAUKEE AVENUE (PRI VIOUS RECORD CALL: N. 01- 43' 58" I-). A DISI ANCH OF 292.00 FEE'1"1.0 A 5/8" IRON ROD FOUND AT 771E SOUI'HWFST CORNER 01: TRACT A, WALMART SUPERCHN'I'F:R, AN ADDITION TO TI IE CITY OF LUBBOCK, ACCORDING TO '11IE MAP OR PLAT THEREOF RECORDID IN PLAT AND DEDICATION NO.2006024909 OF TI LE OFFICIAL PUBLIC RECORDS Olt LUBBOCK COUNIY, FOR TI Ili MOST WESTL'RI Y NOR'1I IWH.S"I' CORNF?R OF TI IIS T'RACI ; A -I EXHIBIT A THIsNCE S. 8V 09' SC E., ALONG TI IE SOUll i LINE OF SAID TRACT' A, A DISTANCE OF 915.021:1;ET (PREVIOUS RECORD CALL S. 8V IV 10" E., 914.93 PER-1) TO A 5/8" IRON ROD W[TII CAP MARKED "DUNAWAY ASSO(„ INC' FOUND A'1" 1'HH SOUTI IEATI' CORNER OF SAID'['RACT A AND 711E SOU'll IWI-ST CORNER OF L07' 4B OF SAID SPE ;I1tA LUBBOCK SOU'l'HWFST, FOR A CORNER OF THIS'17tACT; '11-11:NCE N. 01° 49' 50" E.. ALONG TI IE COMMON LINE 01: SAID TRACT' A AND LCII' 4B, A DISTANCE OF 28159 FEET (PREVIOUS RECORD CAI.I,: N. 01° 49' SW Is., 282-78 PRF.I) TO A 1/2" IRON ROD WITH CAP MARKED "Ti'1?VEN8 RPLS 4339" SET A'l' TI IH WEST COMMON CORNER OF SAID 1.0175 4A AND 411 FOR A CORNER OF TI IIS TRAC I', TI IENCE S. 886 IV 10" r , ALONG 11111 COMMON LINE OF SAID LOTS 4A AND 4B, A DISTANCH OF 388.52 FEET (PREVIOUS RECORD CALL S. or IV 10" E.. 388.47 FEET) -1.0 A 1/2" IRON ROD WITI I CAP MARKED "SllsYENS RI'1 S 4339" SET AT TI IE EAST COMSION CORNER OF SAID LOTS 41% AND 4B FORA CORNER 01:11i1S TRACT; TI II:NCI: N. 010 49' 05" E., ALONG'PHH HAS"!' LINT: OF SAID LOT 4A (PREVIOUS RECORD CALL N. 010 49' 14" H.), A DISTANCES OF 271.71 FEET TO 7111: POINT OF BEGINNING. W r . t I I I - - I : 1-1— ; z 7-w: -- — I 82ND-S., ND-S-T- IF V, ui 7i < f r ar 8 6-T H ST7-)1 -- - ••----`� i //�!j:•i'�.i/,♦ i/ � / -t j �3�7TH-ST J �-.o•.... - •ti• �' � i'i /i i'i•/ i � i// .+'/i � //ff' .J� � 1 I 1 -) I- — `� i j .. i . /.// `/�/} / `/ / / - -�= - -r i ( _- r -T- &88-T-H-S-T <1 > 0 & 61. I Ek > I L --r9 - OiTT- H, e e-L EXHIBIT B City of Lubbock, TX Finance Department Valencia PID Proposed 2021 Service and Assessment Plan Method of Assessment * Properties will be assessed based on the City's 2021 "net taxable value" as established by the Lubbock Central Appraisal District and submitted to the Citv under Tax Code Section 26.04. * Assessment rate will be $0.18/$100 valuation. * All property will be assessed based on the final 2021 "net taxable value". Service Plan Tax Year^ Property Values* Discounted Property Values Fiscal Year Revenues Interest Earnings Assessment @ $0.15 Assessment @ $0.16 Assessment @ $0.18 Total Expense Maintenance of Park and Median Repairs Public Improvement Projects Electric Costs Water Cost Administrative Costs Annual Operation Cost (LCAD Collection Cost, Public Hearing, Mailouts, part-time maintenance position, and other Operations cost) Total Cash Reserve * Property Value growth rate = 2%annually * Year that the construction value goes on the tax roll Budget 2021 2022 Projected 2023 2024 2025 Totals 2020 31,975,153 32,647,352 33,300,299 33,966,305 34,645,631 35,338,544 35,338,544 28,777,638 31,014,984 31,635,284 32,267,990 32,913,350 33,571,617 33,571,617 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Totals $ 854 907 913 877 840 801 $ 5,191 46,044 - - - - - 46,044 - 55,827 56,944 58,082 59,244 60,429 290,526 $ 46,898 56,734 57,856 58,959 60,084 61,230 $ 341,761 $ 28,000 28,000 28,560 29,131 29,714 30,308 $ 173,713 2,000 5,000 5,100 5,202 5,306 5,412 28,020 3,500 15,000 - - - - 18,500 8,160 8,253 8,418 8,586 8,758 8,933 51,109 1,530 1,530 1,561 1,592 1,624 1,656 9,492 4,992 7,627 7,779 7,935 8,093 8,255 44,680 6,514 8,656 8,829 9,005 9,185 9,369 51,558 $ 54,696 74,065 60,246 61,451 62,680 63,9341 $ 377,072 $ 78,186 60,855 58,465 55,973 53,377 50,672 $ 50,672 Assessment Information for $100,000 Home $ 180.00 EXHIBIT B 2021 Service and Assessment Plan Sec. 5.014. NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT. (a) A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, shall first give to the purchaser of the property the [a] written notice prescribed by Subsection (a-1) or (a-2), as applicable. (a-1) Except for the notice prescribed by Subsection (a-2), the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality or county levying assessment), TEXAS CONCERNING THE FOLLOWING PROPERTY (insert property address) As the [a] purchaser of the real property described above, you are obligated to pay assessments [ae assessment to (insert name of [a] municipality or county, as applicable), Texas, for the costs of a portion of a public [of] improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under (insert Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, as applicable). AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAYBE PAID IN FULL AT ANYTIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from (insert name of municipality or county, as applicable). The exact amount of each annual installment will be approved each year by (insert name of city council or county commissioners court, as applicable) in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from (insert name of [the] municipality or county, as applicable). Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (a-2) For a district described by Section 372.0035, Local Government Code, the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality levying assessment), TEXAS CONCERNING THE FOLLOWING HOTEL PROPERTY (insert property address) As the purchaser of the real property described above, you are obligated to pay assessments to (insert name of municipality), Texas, for the costs of a portion of a public improvement or services project (the "Authorized Services") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED SERVICES, WHICH MUST BE PAID IN FULL WITH EVERY PAYMENT BY THE HOTEL OF LOCAL HOTEL OCCUPANCY TAX REMITTANCES TO THE MUNICIPALITY. YOUR FAILURE TO PAY THE ASSESSMENT MAY RESULT IN PENALTIES AND INTEREST BEING ADDED TO WHAT YOU OWE, AND MAY INCLUDE THE PURSUIT OF ANY OTHER REMEDY THAT IS AUTHORIZED UNDER SECTION 372.0035(d), LOCAL GOVERNMENT CODE. Page - 1 - EXHIBIT B 2021 Service and Assessment Plan Information about the calculation of the assessment may be obtained from (insert name of the municipality). The exact assessment rate will be approved each year by (insert name of city council) in the annual service plan update for the district. More information about the assessments, including the assessment rate and due dates, may be obtained from (insert name of municipality). The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (b) The seller or the municipality or county that created the public improvement district may provide additional information regarding the district in the notice prescribed by Subsection (a-1) or (a-2), including whether an assessment has been levied, the amount of the assessment, and the payment schedule for assessments. (c) This section does not apply to a transfer: (1) under a court order or foreclosure sale; (2) by a trustee in bankruptcy; (3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; (4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; (5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; (6) from one co-owner to another co-owner of an undivided interest in the real property; (7) to a spouse or a person in the lineal line of consanguinity of the seller; (8) to or from a governmental entity; or (9) of only a mineral interest, leasehold interest, or security interest. (d) For the purposes of this section, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring notice Page -2 - EXHIBIT C City of Lubbock, TX Finance Department Valencia PID Tax Year 2021 Preliminary Assessment Roll Property ID I Owner Name I Mailing Address I Property Address I Legal Description 12021 Market 12021 Taxable Value Value LUBBOCK, TX 79424 LUBBOCK, TX 79424 468,421 R319347 ANDERSON L E & DIANA P 8714 IRONTON AVE 8714 IRONTON AVE, VALENCIA L 5 _ 451,721 1LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327454 ARANT RUYAL D & BECKY 6130 86TH ST 6130 86TH ST, LUBBOCK, TX 79424 LUBBOCK, TX 79424 VALENCIA L 45 254,714 238,014 11 R319357 BABB FRANKLYN C & JANET ;- T 6119 87TH ST I6119 87TH ST, R LUBBOCK, TX 79424 LUBBOCK, TX 79424 VALENCIA L 16 441,432 441,432 R319370 HOMES LLC 6305 82ND ST 6104 87TH ST, VALENCIA L 29 79,450 79,450 �BETENBOUGH LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 VALENCIA L 21 R319362 BETENBOUGH HOMES LLC 6305 82ND ST 6122 87TH ST, 98,220 98,220 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R320815 BETENBOUGH HOMES LLC 6305 82ND ST 6124 87TH ST, VALENCIA TR A 24,544 24,544 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R319358 BETENBOUGH HOMES LLC 6305 82ND ST 612187TH ST, VALENCIA L 17 86,190 86,190 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 6305 82ND ST LUBBOCK, TX 79424 VALENCIA TR B R320816 8602 IOLA AVE, 627 627 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 6305 82ND ST LUBBOCK, TX 79424 VALENCIA L 30 R319371 6102 87TH ST, 54,480 54,480 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R319352 BETENBOUGH HOMES LLC 6305 82ND ST 8704 IRONTON AVE, VALENCIA L 10 92,315 92,315 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R319361 BETENBOUGH HOMES LLC 6305 82ND ST 6127 87TH ST, VALENCIA L 20 65,060 65,060 BETENBOUGH RON & LONNIE LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 _ 6107 87TH 5T 6107 87TH ST, LUBBOCK, TX 79424-5507 LUBBOCK, TX 79424 VALENCIA L 4 415,286 j R319346 398,586 R327440 _ BLACKWELL DANNY CRAIG �& 6102 86TH ST 6102 86TH ST, VALENCIA L 31 336,168 _ 319,468 MARY C �LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 R327447 BONHAM, SUSAN 16116 86TH ST 6116 86TH ST, VALENCIA L 38 271,139 271,139 LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 6124 86TH ST, VALENCIA L 42 R327451 B DOVSKY, JASON i6124 86TH ST 260,367 260,367 I LUBBOCK, TX 79424 6113 87TH ST LUBBOCK, TX 79424 506,232 506,232 R319354 _ BRASELTON JEFF & DEBRA A 6113 87TH ST, VALENCIA L 13 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327450 BRODIE BLAKE M & JORDYN 16122 86TH ST 6122 86TH ST, VALENCIA L 41 278,830 278,830 LYN LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327456 BROOKS LESLEY 10 & 16134 86TH ST 6134 86TH ST, VALENCIA L 47 339,494 339,494 JENNIFER LYNNE !LUBBOCK, TX 79424 18602 KIRBY AVE LUBBOCK, TX 79424 VALENCIA L 51 381,346 364,646 R327460 BURKHARDTJEFFREY H & 8602 KIRBY AVE, ELIZABETH C LUBBOCK, TX 79424 KIRBY AVE LUBBOCK, TX 79424 VALENCIA L 55 391,825 391,825 R327464 CANO BRENDA & ESTATE OF,8610 8610 KIRBY AVE, Il ZENON CANO iLUBBOCK, TX 79424 LUBBOCK, TX 79424 R327498 CASTRO, ABEL, Jr 6123 86TH ST 6123 86TH ST, VALENCIA L 89 311,667 311,667 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319367 CONSER RUSSELL H & ELISABETH COTTEN MICHAL CASEY & HOLLY BETH DAUGHTRY ROBIN & 16112 87TH ST LUBBOCK, TX 79424 6110 86TH ST LUBBOCK, TX 79424-6864 6119 86TH ST 6112 87TH ST, LUBBOCK, TX 79424 6110 86TH ST, LUBBOCK, TX 79424 6119 86TH ST, VALENCIA L 26 396,730 295,739 298,705 396,730 295,739 298,705 R327444 VALENCIA L 35 R327500 VALENCIA L 91 KIMBERLY MILLER LUBBOCK, TX 79424 LUBBOCK, TX 79424 VALENCIA L 82 274,218 274,218 R327491 DAWODU MICHAEL & CAISHA DARTHARD-DAWODU 8605 KIRBY AVE, 8605 KIRBY AVE LUBBOCK, TX 79424 DENZER, CARL LUBBOCK, TX 79424 6105 87TH ST 6105 87TH ST, R319345 VALENCIA L 3 427,365 427,365 LUBBOCK, TX 79424-5507 LUBBOCK, TX 79424 R327458 DEWEY MATTHEW & 6138 86TH ST 6138 86TH ST, VALENCIA L 49 470,266 470,266 1DESIREE LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327486 DIXON GREGORY L & DIANA 6303 87TH ST 6303 87TH ST, VALENCIA L 77 271,033 254,333 1BYERS LUBBOCK, TX 79424 LUBBOCK, TX 79424 VALENCIA L 92 283,650 283,650 R327501 DOAN JENNIFER & PHAN N 6117 86TH ST 6117 86TH ST, NGUYEN LUBBOCK, TX 79424 LUBBOCK, TX 79424 _ 232,698 232,698 R327470 EZELL, HANNAH N 4000 HULEN Pl. 6310 87TH ST, VALENCIA L 61 FORT WORTH, TX 76107-7386 LUBBOCK, TX 79424 2021 Estimated Assessment $ 631.44 813.10 428.43 794.58 143.01 176.80 C-]FT:1 155.14 1.13 98.06 166.17 117.11 717.45 575.04 488.05 468.66 911.22 501.89 611.09 656.36 705.29 561.00 714.11 532.33 537.67 493.59 769.26 846.48 457.80 510.57 418.86 1. EXHIBIT C City of Lubbock, TX Finance Department Valencia PID Tax Year 2021 Preliminary Assessment Roll Property ID Owner Name Mailing Address Property Address Legal Description 2021 Market 2021 Taxable 12021 Estimated Value I Value L Assessment R319369 FOY, JAMES CHARLES 6106 87TH ST 6106 87TH ST, VALENCIA L 28 471506 471506 848.71 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327509 FREE, STEPHANIE 610186TH ST 610186TH ST, VALENCIA L 100 345,178 345,178 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327508 GARNET? GRACIE & EST OF 6103 86TH ST 6103 86TH ST, VALENCIA L 99 262,869 246,169 !JOHN GARNETT LUBBOCK, TX 79424-6865 LUBBOCK, TX 79424 R32, 7481 GILL JAMES T & BETTY J 6313 87TH ST �6313 87TH ST, ILUBBOCK, VALENCIA L 72 277,052 260,352 II R327466 GOMEZ GEORGIA ANN & ILUBBOCK, TX 79424 - 6302 87TH ST TX 79424 87TH ST, VALENCIA L 57 293,083 276,383 ADAN R JR LUBBOCK, TX 79424-5065 LUBBOCK, TX 79424 R327492 GOODRICH, SHEILA 8603 KIRBY AVE 8603 KIRBY AVE, VALENCIA L 83 276,230 276,230 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327448 GREENLEE ERIC T & LINDSAY 6118 86TH ST 6118 86TH ST, VALENCIA L 39 251,814 251,814 R LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 R327485 IGRIGGS, JONI 16305 87TH ST 6305 87TH ST, VALENCIA L 76 236,949 236,949 �HARTMAN ROWDY C & LUBBOCK, TX 79424-5066 LUBBOCK, TX 79424 6118 87TH ST, VALENCIA L 23 J R319364 6118 87TH ST 416,267 416,267 ELIZABETH N WILLIAM G LUBBOCK, TX 79424 LUBBOCK, TX 79424 8605 MILWAUKEE AVE, (VALENCIA OFFICE R323451 5124 82ND ST 601,861 601,861 IHATCHETT, LUBBOCK, TX 79424 6103 87TH ST LUBBOCK, TX 79424 6103 87TH ST, 'PARK L 1 R319344 HAYSBRNDON D & ILAUREN VALENCIA L 2 425,616 425,616 P LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327494 HERNANDEZ, HENRY 613186TH ST 6131 86TH ST, VALENCIA L 85 263,709 263,709 LUBBOCK, TX 79424 LUBBOCK, TX 79424 i R327490 �HILLGER, CAROL I8607 KIRBY AVE 8607 KIRBY AVE, VALENCIA L 81 378,476 378,476 LUB�BOCK, TX 79424 i6� 123 87TH ST LUBBOCK, TX 79424 LUBBOCK, TX 79424 6123 87TH ST, LUBBOCK, TX 79424 518,751 518,751 R319359 IHO, BINH T _ VALENCIA L 18 VALENCIA L 53 R32� HOWARD, KATEY LOREN I'LUBBOCK, 8606 KIRBY AVE 8606 KIRBY AVE, 309,406 309,406 TX 79424 LUBBOCK, TX 79424 R327493 IVEY MICHAEL & JENNY 8601 KIRBY AVE 8601 KIRBY AVE, iVALENCIA L 84 410,002 410,002 I LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319366 JACKSON JONATHAN A & 6114 87TH ST 6114 87TH ST, (VALENCIA L 25 489,933 489,933 AMANDA L LUBBOCK, TX 79424 LUBBOCK, TX 79424 6106 86TH ST 318,154 R327442 JOHNSON RYANN & HOLLY 6106 86TH ST, VALENCIA L 33 318,154 LUBBOCK, TX 79424 LUBBOCK, TX 79424 6115 87TH ST R319315 JORDAN JAMES R & YVETTE 6115 87TH ST, VALENCIA L 14 409,999 409,999 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327505 I KING MAGAN L & SHILOH 1 6109 86TH ST 6109 86TH ST, VALENCIA L 96 264,755 264,755 LUBBOCK, TX 79424 LUBBOCK, TX 79424 _ VALENCIA L 44 R327453 KIRK BRANDON & BRITTNI 6128 86TH ST 6128 86TH ST, 268,048 268,048 LANCET, WILLIAM H & RITA LUBBOCK, TX 79424 6117 87TH ST LUBBOCK, TX 79424 _ VALENCIA L 15 R319356 6117 87TH ST, 424,556 407,856 i ' LUBBOCK, TX 79424 LUBBOCK, TX 79424 6107 86TH ST, VALENCIA L 97 344,078 344,078 R327506 LARSON ROBERT & DEBRA 16107 86TH ST LUBBOCK, TX 79424 LUBBOCK, TX 79424 VALENCIA L 88 334,701 334,701 R327497 iLEAMON MICHAEL W & 1700 COUNTY ROAD 1106 6125 86TH ST, SHERI L LEDFORD JEFFREY ALAN & ATHENS, TX 75751 631187TH ST LUBBOCK, TX 79424 631187TH ST, R327482 VALENCIA L 73 254,543 254,543 I WHITNEY LEA LEONARDO P B HOLDINGS LUBBOCK, TX 79424 PO BOX 94161 LUBBOCK, TX 79424 MILWAUKEE AVE, R323452 VALENCIA OFFICE 168,000 168,000 LLC LUBBOCK, TX 79493 LUBBOCK, TX 79424 PARK L 2 i R319349 LUSK COREY A & ROXANN 8710 IRONTON AVE 8710 IRONTON AVE, VALENCIA L 7 435,756 _ 435,756 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319372 MADHAVARAM, SREEDHAR 611187TH ST 611187TH ST, VALENCIA L 12 414,370 414,370 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327474 MARTIN MICHAEL E & 6318 87TH ST 6318 87TH ST, VALENCIA L 65 277,360 260,660 JOELLA L LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327461 AASSIE SHAWN & JENA 8604 KIRBY AVE 8604 KIRBY AVE, VALENCIA L S2 344,168 344,168 LUBBOCK, TX 79424 613 BANGOR AVE A LUBBOCK, TX 79424 6108 86TH ST, VALENCIA L 34 R327443 ELECTRIC LLC 441,485 441,485 IMBM LUBBOCK, TX 79416-4324 LUBBOCK, TX 79424 R319351 MC DANIEL MICHAEL & 8706 IRONTON AVE 8706 IRONTON AVE, VALENCIA L 9 437,233 420,533 1ROXANNE LUBBOCK, TX 79424-5803 LUBBOCK, TX 79424 621.32 443.10 468.63 497.49 497.21 453.27 426.51 749.28 1,083.35 766.11 474.68 681.26 933.75 556.93 738.00 881.88 572.68 738.00 476.56 482.49 734.14 619.34 602.46 458.18 302.40 784.36 745.87 469.19 619.50 794.67 756.96 2 EXHIBIT C City of Lubbock, TX Finance Department Valencia PID Tax Year 2021 Preliminary Assessment Roll Property ID Owner Name Mailing Address Property Address Legal Description 2021 Market 2021 Taxable 2021 Estimated Value Value Assessment R327487 MCCURRY, KATHY L 630187TH ST 630187TH ST, VALENCIA L 78 251,834 235,134 423.24 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327489 MCGEE ZACHARY & 8609 KIRBY AVE 8609 KIRBY AVE, VALENCIA L 80 347,378 347,378 625.28 MEAGAN LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327499 MIDGETT ANDREW SCOTT & 612186TH ST 612186TH ST, VALENCIA L 90 343,753 343,753 618.76 SHELLY JO LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327446 MOGHADDAM, MASOUD 6114 86TH ST 6114 86TH ST, VALENCIA L 37 257,488 257,488 463.48 ZABET LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327479 MONTGOMERY, AUGUST 6317 87TH ST 6317 87TH ST, VALENCIA L 70 255,161 255,161 459.29 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327503 MOORE KELLY G & KATHY 6113 86TH ST 6113 86TH ST, VALENCIA L 94 259,378 259,378 466.88 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319363 MURPHEY CHARLES R & 6120 87TH ST 6120 87TH ST, VALENCIA L 22 392,811 392,811 707.06 LISA D LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327452 NELSON, GEYNA 6126 86TH ST 6126 86TH ST, VALENCIA L 43 263,959 263,959 475.13 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327496 OCANAS ROCKY & JESSICA 6127 86TH ST 6127 86TH ST, VALENCIA L 87 278,996 278,996 502.19 LUBBOCK, TX 79423 LUBBOCK, TX 79424 R327471 PARSONS DAN & REBECCA 6312 87TH ST 6312 87TH ST, VALENCIA L 62 276,994 260,294 468.53 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327502 RANDALL DAVID & 6115 86TH ST 6115 86TH ST, VALENCIA L 93 282,763 282,763 508.97 JENNIFER LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319348 RHOADES SHANNON & 8712 IRONTON AVE 8712 IRONTON AVE, VALENCIA L 6 455,622 455,622 820.12 WENDEE LUBBOCK, TX 79424-5803 LUBBOCK, TX 79424 R327488 RHOADS RICHARD G & RICHARD G & LYNETTE R 8611 KIRBY AVE, VALENCIA L 79 243,929 243,929 439.07 LYNETTE R LIVING TRUST RHOADS TRUSTEES LUBBOCK, TX 79424 8611 KIRBY AVENUE LUBBOCK, TX 79424 R327504 RIEKEN, KASEY 611186TH ST 611186TH ST, VALENCIA L 95 242,833 242,833 437.10 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319343 RITCHIE KERRY & 610187TH ST 610187TH ST, VALENCIA L 1 470,914 470,914 847.65 STEPHANIE LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327483 ROPER MICHAEL LEE & 6309 87TH ST 6309 87TH ST, VALENCIA L 74 257,278 249,778 449.60 BRITTANY LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327480 SAINZ JOEL & EVELYN 6315 87TH ST 6315 87TH ST, VALENCIA L 71 253,154 253,154 455.68 DENAE LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319350 SANCHEZ BILLY & CLARISSA 8707 IRONTON AVE 8708 IRONTON AVE, VALENCIA L 8 328,807 328,807 591.85 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327478 SANCHEZ, MIRIAM 6319 87TH ST 6319 87TH ST, VALENCIA L 69 256,166 256,166 461.10 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327473 SANDERS, DENISE 6316 87TH ST 6316 87TH ST, VALENCIA L 64 250,286 250,286 450.51 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327467 SCHWARTZE WILLIAM C & 6304 87TH ST 6304 87TH ST, VALENCIA L 58 _ 236,875 208,175 374.72 DEANNA E LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319360 SHENG JAMES J & YING 6125 87TH ST 6125 87TH ST, VALENCIA L 19 350,837 350,837 631.51 ZHANG LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327476 SHORT JEFFREY & LESLIE 6322 87TH ST 6322 87TH ST, VALENCIA L 67 250,881 250,881 451.59 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327472 SINGH, SUKHBIR 6314 87TH ST 6314 87TH ST, VALENCIA L 63 260,831 260,831 469.50 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319368 SKEENS SHANE & LISA 6108 87TH ST 6108 87TH ST, VALENCIA L 27 1 412,172 412,172 741.91 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327455 SORIA PRISCILLA ISABEL & 6132 86TH ST 6132 86TH ST, VALENCIA L 46 255,095 JEFFREY LUBBOCK, TX 79424 j LUBBOCK, TX 79424 R327445 STERLING, RILEY WARREN 6112 86TH ST 6112 86TH ST, VALENCIA L 36 292,443 275,743 496.34 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327507 SUGGS BILLY & IRENE 6105 86TH ST 6105 86TH ST, VALENCIA L 98 258,235 241,535 434.76 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327459 THARNISH TONY A & 6140 86TH ST 6140 86TH ST, VALENCIA L 50 347,442 347,442 625.40 ANGELA VALDERAZ LUBBOCK, TX 79424 'LUBBOCK, TX 79424 R323453 THIRTEEN IS LUCKY FOR ME 8705 MILWAUKEE AVE 8705 MILWAUKEE AVE, VALENCIA OFFICE 914,172 914,172, 1,645.51 LLC LUBBOCK, TX 79424-0940 LUBBOCK, TX 79424 PARK L 3 R327449 THOMSON SYLVIA & 6120 86TH ST 6120 86TH ST, VALENCIA L 40 I I 312,191 295,491 531.88 CARROL LUBBOCK, TX 79424 LUBBOCK, TX 79424 EXHIBIT C City of Lubbock, TX Finance Department Valencia PID Tax Year 2021 Preliminary Assessment Roll Property ID Owner Name Mailing Address Property Address Legal Description 2021 Market 2021 Taxable 2021 Estimated Value Value Assessment R327457 TUCKER WESTIN WADE & 6136 86TH ST 6136 86TH 5T, VALENCIA L 48 391,094 391,094 703.97 MEGAN LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 R319353 TULLIS RODNEY D & 8702 IRONTON AVE 8702 IRONTON AVE, VALENCIA L 11 444,463 444,463 800.03 DEBORA LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327484 VAUGHN, TONI 6307 87th ST 6307 87TH ST, VALENCIA L 75 244,843 244,843 440.72 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327463 WASHBURN NATHANIEL & 8608 KIRBY AVE 8608 KIRBY AVE, VALENCIA L 54 280,939 280,939 505.69 KAYTLAN LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327469 WILLIAMS KALLIE K & KEN D 6308 87TH ST 6308 87TH ST, VALENCIA L 60 249,616 249,616 449.31 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327495 WINDHAM MCCLINTON & 6129 86TH ST 6129 86TH ST, VALENCIA L 86 282,908 282,908 509.23 ALEXANDRA LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327468 WLUDYKA SHANE & KIRIEAN 6306 87TH ST 6306 87TH ST, VALENCIA L 59 247,164 247,164 444.90 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319365 XU, KE TOM 6116 87TH ST 6116 87TH ST, VALENCIA L 24 494,015 494,015 889.23 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327475 YAN, YING 6320 87TH ST 6320 87TH ST, VALENCIA L 66 242,290 225,590 406.06 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327465 ZAIi PEZHMEN & DENISA 8612 KIRBY AVE 8612 KIRBY AVE, VALENCIA L 56 397,367 397,367 715.26 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327477 ZHOU, WENXU 632187TH ST 632187TH ST, VALENCIA L 68 278,953 278,953 502.12 LUBBOCK, TX 79424 LUBBOCK, TX 79424 �� — 33,239,247 32,647,352 $ 58,765.23 � FILED AND RECORDED OFFICIAL PUBLIC RECORDS * � . c. Kelly Pinion County Clerk Lubboek Coun�y TEXRS 09/21/2021 01:d8 PM FEE: g142.00 2021048766 �