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HomeMy WebLinkAboutResolution - 2021-R0363 - Authorizing establishment of Northwest Passage PID� Cit�� of Lubbock - Counter Filing CITY OF LUBBOCK COUNTY OF LUBBOCK STATE OF TEXAS � � � 2021048761 30 RESOL ���� �� ��� � ��������� ���� �� �� � CERTIFICATE TO COPY OF PUBLIC RECORD I hereby certify, in the performance of the functions of my office, that the attached instrument is a full, true and correct copy of Resolution No. 2021-R0363, as the same appears of record in my office and that said document is 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. The total number of pages within the attached document is 28 pages. I further certify that I am the City Secretary of the City of Lubbock, that I have legal custody of said record, and that I am a lawful possessor and keeper and have legal custody of the records in said office. In witness whereof I have hereunto set my hand and affixed the official seal of said office the 20th day of September, 2021. (City Seal ) Rebe a Garza City Secretary City of Lubbock Lubbock County, State of Texas Resolution No. 2021-R0363 Item No. 8.8 September 14, 2021 RESOLUTION A RESOLUTION OF THE CITY OF LUBBOCK, TEXAS, APPROVING AND AUTHORIZING THE CREATION OF THE NORTHWEST PASSAGE PUBLIC IMPROVEMENT DISTRICT WHEREAS, the City Council (the "Council") of the City of Lubbock (the "City") has received a petition (the "Petition") with signatures from the record owners of taxable real property representing more than fifty percent (50%) of the appraised value of an area within the City as determined by the most recent certified appraisal roll of the Lubbock Central Appraisal District, and owners of more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the area covered by the Petition; and WHEREAS, the Petition requests that the City establish a public improvement district according to Chapter 372 of the Texas Local Government Code for the general purpose of financing improvements and services related to: (a) The design, construction and maintenance of parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, bridges, walkways, lighting, benches, trash receptacles and similar items located therein along with all necessary grading, drainage and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; the design, construction and maintenance of water features such as lakes, ponds and fountains; distinctive lighting and signs; construction and improvement of pedestrian malls, passages or pathways including pedestrian bridges; design, construction and improvement of vehicular bridges and low water crossings; design, construction and improvement of community meeting halls or similar buildings; design, construction and improvement of community monuments, towers, and other amenity -type structures; acquisition and installation of art work; design, acquisition, installation, and improvement of telecommunication and similar technology systems; and special supplemental services defined in the Act, together with related permits and licenses; and (b) Payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District; and (c) The District shall prioritize its expenditures as follows: (i) design, construction, maintenance, and financing for drainage improvements; then (ii) design, construction, maintenance, and financing for park improvements; then (iii) selection, acquisition, and maintenance for public art; then (iv) all other allowable improvements and related expenditures; and WHEREAS, the Petition, a copy of which has been attached to and made a part of this Resolution as "Exhibit I", 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; and WHEREAS, the Petition covers property within an area generally bounded by Frankford Avenue on the west, Quaker Avenue on the east, Kent Avenue and Highway 84 on the north, and Marshall Avenue on the south, with such property being the development known as Northwest Passage, and a description and depiction of the property covered by the Petition is attached hereto and made a part of this Resolution as "Exhibit 2"; and WHEREAS, notice of the public hearing was published in the Lubbock Avalanche - Journal, a daily paper of general circulation in the City, such publication date being before the fifteenth (151h) day before the date of the public hearing, stating the time and place of the public hearing, the general nature of the services, the estimated cost of the services, the boundaries of the proposed public improvement district, the method of assessment, and the apportionment of cost between the public improvement district and the City; and WHEREAS, before the fifteenth (151h) day before the date of the public hearing, written notice of the proposed public improvement district was mailed to the current addresses of the record owners, as reflected on the most recent certified appraisal roll of the Lubbock Central Appraisal District, of property subject to assessment under the proposed public improvement district; and WHEREAS, the public hearing was convened at the time and place mentioned in the published notice, on the fourteenth (141h) day of September, 2021, at five (5:00) p.m., at Citizen's Tower, located at 1314 Avenue K, Lubbock, Texas; and WHEREAS, in accordance with the published and mailed notices, the Council called the public hearing and heard public comment from interested persons speaking in favor or opposition to the proposed public improvement district and the Council heard a report by City staff 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, the proponents of the proposed public improvement district offered evidence, both oral and documentary, in favor of all of the foregoing matters relating to the creation of the proposed public improvement district, and opponents of the public improvement district were given the opportunity to appear to contest authorization of the proposed public improvement district, after which the Council closed the hearing; and NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT the facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct. SECTION 2: THAT after conducting a public hearing, examining evidence, and hearing testimony, the City Council finds and determines the following: (a) That the public hearing on the advisability of authorizing the Northwest Passage 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 Northwest Passage Public Improvement District; and (b) That authorization of the Northwest Passage Public Improvement District with boundaries depicted and described in "Exhibit 2" is advisable and will result in benefits to the City, its residents, and the property owners in the Northwest Passage Public Improvement District for the general purpose of financing improvements and services related to: (a) The design, construction and maintenance of parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, bridges, walkways, lighting, benches, trash receptacles and similar items located therein along with all necessary grading, drainage and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; the design, construction and maintenance of water features such as lakes, ponds and fountains; distinctive lighting and signs; construction and improvement of pedestrian malls, passages or pathways including pedestrian bridges; design, construction and improvement of vehicular bridges and low water crossings; design, construction and improvement of community meeting halls or similar buildings; design, construction and improvement of community monuments, towers, and other amenity -type structures; acquisition and installation of art work; design, acquisition, installation, and improvement of telecommunication and similar technology systems; and special supplemental services defined in the Act, together with related permits and licenses; and (b) Payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District; and (c) The District shall prioritize its expenditures as follows: (i) design, construction, maintenance, and financing for drainage improvements; then (ii) design, construction, maintenance, and financing for park improvements; then (iii) selection, acquisition, and maintenance for public art; then (iv) all other allowable improvements and related expenditures; and (c) That the total estimated cost of services and improvements to be paid by the assessment generated within the Northwest Passage Public Improvement District through Fiscal Year 2025-26 is approximately five hundred sixteen thousand eight hundred thirty six dollars ($516,836) (the "Costs"), with such Costs being described in "Exhibit 3" attached to and made a part of this Resolution; and (d) That the Costs will be paid by the proposed assessment rate of fifteen cents ($0.15) per one hundred dollars ($100) of valuation of property within the Northwest Passage Public Improvement District through Fiscal Year 2025-26, with such proposed assessment being described in "Exhibit 3"; and (e) That as to the apportionment of the Costs between the Northwest Passage Public Improvement District and the City, all the Costs will be paid by the Northwest Passage Public Improvement District through assessments on the property within the boundaries of the Northwest Passage Public Improvement District. SECTION 3: THAT subject to Chapter 372 of the Texas Local Government Code, the City Council hereby authorizes a public improvement district over the area depicted and described in "Exhibit 2" and such public improvement district shall be identified as the Northwest Passage Public Improvement District, City of Lubbock, Texas. SECTION 4: THAT the City Council hereby creates the Northwest Passage Public Improvement District Advisory Board for the Northwest Passage Public Improvement District. The Northwest Passage Public Improvement District Advisory Board shall act as an advisory board of the City of Lubbock, and shall initially be composed of five (5) members, each of whom will represent a developer of the property within the Northwest Passage Public Improvement District. The Northwest Passage Public Improvement District Advisory Board shall follow any and all rules, regulations, policies, and procedures related to City of Lubbock advisory boards and the Criteria and Guidelines for Public Improvement Districts. The initial members of the Advisory Board for the Northwest Passage Public Improvement District shall serve a two (2) year term. The City Council may extend the term of the initial governing board beyond two (2) years. The initial Advisory Board of the Northwest Passage Public Improvement District will provide recommendations to the City Council on all matters related to the initial development of the Northwest Passage Public Improvement District, including matters related to the Costs and to the assessments on properties located within the Northwest Passage Public Improvement District. Upon the end of the term of the initial Advisory Board members of the Northwest Passage Public Improvement District, an election will be held for the Northwest Passage property owners to vote on each of the five seats. Once an election has taken place, the City Council will appoint the members of the Northwest Passage Public Improvement District Advisory Board. The PID Board shall adopt and be governed by a set of bylaws that, among other things, direct the PID Board as to its membership, its purpose, and its procedure for conducting business related to the Northwest Passage Public Improvement District. SECTION 5: THAT the notice of this authorization for the Northwest Passage Public Improvement District shall be published in a newspaper of general circulation within the City of Lubbock, Texas and Lubbock County, Texas. 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. Passed by the City Council this 14th ATTEST: () JIK' Re a ca Garza, City Sec t AS TO Brianna Gerardi, APPROVED AS TO FORM: K lli Leisure, Assistant City Attorney day of September 2021. -Z- M4I _ ► ..... TEM Development EXHIBIT 1 CITY OF LUBBOM COUNTY OF LUBBOM STATE OF TEXAS CERTIFICATION OF SUFFICIENT PETITION I hereby certify, in the performance of the fimetions of my office, that the atto petition, from property owners requesting the City of Lubbock establish a Public Improvement District (PID) for the proposed Northwest Passage devdopment, has been verlRed and is sufficient. And, that Public Improvaner►t Districts can only be initiated by a petition of property owners who meet a value test and an area test, pursuant to Texas Local Government Code, Sec. 372.005 (b). And, the statutory two test requirement was met. (1) petition is signed by the owners of taxable real property representing more than 50V* of the appraised value of the taxable real property liable for assessment by the current roll of the appraisal district (August 11, 2021), in the area known as Northwest Passage, as Mown on the attached map; the petitioners own 1009A of the area within the proposed Northwest Passage PID; (2) petition must be signed by the record owners of property that constitute more than 50'/0 of the number of record owners or the record owners of more than SO% of the area within the PID; the petitioners own 100'/6 of the total area within the proposed Northwest Passage PID area I fiuther certify that I am the City Secretary of the City of Lubbock, that said documents appear of record in my office, I have legal custody of said record, and that I am a lawful possessor and keeper and have legal custody of the records in said office. In witness whereof I have hmwnto set my hand and affixed the official seal of said office the 13th day of August, 2021. (City Seal) R JA A, Rmbe&Ll City secretoy City of Lubbock Lubbock County, State of Texas ibbock TEXAS Date: August 12, 2021 To: Becky Garza, City Secretary From: Cheryl Brock, Director of Financial Planning and Analysis CC: Blu Kostelich, Chief Financial Officer Re: Northwest Passage Public Improvement District Petition Recently, the City of Lubbock received petitions from Property Owners requesting the City of Lubbock establish a Public Improvement District (PID) for the proposed Northwest Passage 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. The first test is that the petition is sufficient if signed by the owners of taxable real property representing more than 50 percent of the appraised value of the taxable real property liable for assessment by the current roll of the appraisal district (August 11, 2021). Since the petitioners, own 100 percent of the taxable real property value within the boundary, the petition 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 percent of the number of record owners or the record owners of more than 50 percent of the area within the PID. The petitioners own 100 percent of the total area within the proposed Northwest Passage PID area so they pass the area test. The notarized signature on the Northwest Passage petitions were validated by a visual review and owners on the petitions were verified against the current tax roll received from Lubbock Central Appraisal District by the Financial Planning and Analysis Department and reviewed by GIS and Data Services. EXHIBIT 1 Naaww-t •olow pohomed aes ttA OO 84M A" L7 �IIII'... •'/••••1\II II II III ill III IIIIII Iiw �._. .__ � \� n"•"�• I1/� �-� 1111rr1/ •'•••••••'tl':11 1111111 II I I1111111 p�= �In n!1 Ilt I11 11 1111111 ,I1111111111 - � I1111111 I111.III IIlf 1111 •I 111111 �IIIFI_•I1111 -- _..•. II.I 111 I11 I,I111111 '•IIII �' •�: 11 :111/1 "II1.1II: I111111 IIII•IIIII - � � I1111T11 11111: I.1 IIIIIY 1 •1111 �I llll�\`\ � � 11 :Illlllll;lt l\�� III I'JI II III IIIIi� . II•.... •• 1"" •I111111111/ w 1111111111 . � •_ tl ll'l 11 II IT 1111111 . IIr1 I1111' ` `\ 771117 " "•11\ �Illllll111 it IIII111 . 111111 •I11 II11 '••I. 11 I11 IJ = /111 Ill II11111 �� �\ 11 t1111 IIIII 111I I III111 '11I11 'III 11111111111i1 �`•� � —r— I II111 •, •'•�/�� 'lull III 1111'II..."".III.1 � I Ilul�l ill: Il�.n 111111 Ili I111111111111 11111 . {' _ �1i 11 "�""'1II III II �11111 1. IIIII III//\��/�/lu11111 1..... ...1111:)1111 1....... II II .�1 /I11,•" 'I Illll ifV.111 J� �_III11111 '1111111�I III II Ili 111111 -111111117 -I•'•I �11 , II 111•II �� /•--'�- -_I111U��i��\IIII ill lu::l 111 lllu. f11111, 1117111 IUI[I�• ,I ,I �111.I II 1I III III II111 II. IIIII .I� .1111111�,���`. 11111 III •••...••.II IIt 411111'i I III 'w' i ' Illllll 11 lull 111111��.• �'fll� III lalll l,I1111111111I It or ' -T1,� 1111111t1111 t:llltl\091 i - - IIIlllllllli III I�11111111� II _ _ ' �, - I EXHIBIT 1 COMPANIBS June 29, 2021 Cheryl Brock City of Lubbock, TX PO Box 2000 Lubbock, TX 79457 RIB: Northwest Passage Public Improvement District Dear Mrs. Brock: Northwest Passage is a commercial development within the city limits of the City of Lubbock bound on the west by Frankford Avenue, the Fast by Quaker Avenue and the properties fronting on it, the North by Kent Avenue and the properties fronting on US Highway 84, and the South by the alley north of Marshall Avenue. We are proposing to create a Public Improvement District (PID) to maintain the public Improvements for Northwest Passage This letter addresses the remaining petition requirements from the PID Policies and Guidelines. l . Assurance of long-term backing and support fravn the developer. The developer commits to long-term backing and support of the PID through service on the PID Advisory Board, a proposed contract with the PKMty for acquisition of certain lands committed to improvements, and payment of PID assessments. 2. Procedures for Nomination of PID Advisory Board which will make recommendations to the City Council on the mutual budget and long-term plans. The PID Advisory Board will be nominated by the property owners in the PID, by area I Benefits of the PID to the q ected property owners and to the City as a whole. The PID will benefit the affected property owners and the City of Lubbock by ensuring a well. maintained quality mixed -use development, creation of and maintenance of stortmwater drainage (in conjunction with proposed City improverrnents of storm sewer from Quaker Avenue to an acceptable outfall to tie north or east, creation of and maintenance of greenspace, and other acceptable PID improvements and expenditures. 4. Description of city -owned land within the district: Other than ROW and easement rights for utilities (and improvements In those), there are currently no city -owned properties within the boundaries of the PID. However, the City has improvements adjacent to the PID, including water treatment and an LP&L substation. MAE 1600 Broadway St.. Suite 1500 • Lubbock. Texas 79401 • (806) 797-3162 • medougal.com 0 EXHIBIT 1 S. Dr* PID operating budget listing estimated operating costs, maintenance casts. and acbnenistrative costs: Attached as Exhibit D. 6. The proposed method of assessment: The assessment will be assessed per $100 valuation (other medx ds could be per square foot of the property.) 7. Documentation of adequate developer/contractor liability insurance regarding construction of improvements: Documentation of adequate liability insurance has been provided to the city. 8. Statement that the petitioners understand that the annual budget for the PID is subject to review by City stcf'and the Lubbock City Council: The property owners that have signed the attached petition are aware that the annual budget is subject to review by City staff and must be approved by the Lubbock City Council. Please let us know if there is additional information required that has not been submitted with the petition. cDougal McDougal Companies EXHIBIT 1 PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE IMPROVEMENTS TO NORTHWEST PASS4GE THE STATE OF TEXAS § CITY OF LUBBOCK § TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK: The undersigned petitioners (the "Petitions 1, 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 ached hereto (the "Land") within the City of Lubbock, Texas (the "City"), and in support of this petition the Petitioners would present the following: Section I SUmft of Petitioners. In compliance with the mquirmnub 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 all 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 all of the area of all taxable real property that is liable for assessment under such proposal. Section 2. General nabn of the pmpmW public improvements. The general nature of the proposed public improvements is: (i) the design, construction and maintenance of parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, bridges, walkways, lighting, benches, trash receptacles and similar items located therein along with all necessary grading, drainage and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; the design, construction and maintenance of water features such as lakes, ponds and fountains; distinctive lighting and signs; construction and improvement of pedestrian malls, passages or pathways including pedestrian bridges; design, construction and improvement of vehicular bridges and low water crossings; design, construction and improvement of community meeting halls or similar buildings; design, construction and improvement of community monuments, towers, and other amenity -type structures; acquisition and installation of art work; design, acquisition, installation and improvement of telecommunication and similar technology systems, and special supplemental services as defined in the Act, together, with related permits and licenses; and 00 payment of costs associated with developing and financing the public imhprovermehts listed in subdivision (i) including costs of issuing bonds and funding debt service and capitalized interest reserves for such bonds and costs of establishing, adrminiswft and operating the District. The District shall prioritize its expenditures as follows: (f) design, construction, maintenance, and financing for drainage improvements; then (ii) design, construction, maintenance, and furancing for park - -povements; then (W) selection, acquisition, and maintenance for public art; then (iv) all other allowable improvements and related ' • $10,000,000. rPampPWIa,- EXHIBIT 1 Section I DMIndmia. The proposed boundaries of the District are described on Exhibit A. SSd tion5. MdWof awwsment- An assessmad methodology will be prepared that will address Q) how the costs of the public improvements financed with the assessments are assessed against the property in the District, (ji) the assessments to be collected each year, (Iii) provisions providing for the prepayment of the assessments at the option of the owner of any pared, (iv) dw reallocation of the assessment on the subdivision of a parcel, and (v) reduction of the assessments for costs savings (pursuant to the annual review of the service plan for the District) and repayment of bonds issued to finance the public improvements. 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 property on the basis of the special benefits. The rank will be that equal shares of the costs will be imposed on property similarly benefited. In assessing the costs of the public improvements, property will be classified based on the use of the public improvements. For example, larger homes may generate more use of the public improvements than smaller homes. Accordingly, there may be a classification of property on the basis of the size or type of homes that may be built on a parcel. Costs may also be assessed on the basis of the value of the property, or on a combination of size or type of house and value of property. Property may also be classified on the basis of the location of the property within the District, if some sections of the District receive more public improvements or public improvements of greater cost than other sections of the District. The assessment methodology will result in each parcel paying its fair share of the costs of the public improvements provided with the assessmnts 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 anprovements. Section 6. ARNWonment of Cost h== the QW and the DishicL The City will not be obligated to provide any funds to finance the proposed 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 die developer of the Land. Secdion_Z Mmmanentd ft DisWaa. To the extent allowed by law, the City may contract with either a non-profit, or a for -profit organization, including a Public Facilities Corporation created by the City pursuant to Chapter 303, Texas Local Government Code, to terry out all or a part of the responsibilities of managing the District, including the day -today marnagement and administration of the District. aInfian.$: Advil= board. An advisory board will be established to develop and recommend an improvement plan to the City Council of the City (the "City Council-). The PID Advisory Board will be nominated by the property owners in the PID, by area, and approved by the City Council. This petition will be filed with the City Secretary in support of the creation of the District by the City Council as herein provided. [Signature on following page] Norlbrrat Pbp.�e Elie Impt otwta - ow„ 2 EXHIBIT 1 PETITIONER: NWPE&SPmjmt LLC a Texas limited liability company SlOwb re Page for Petition EXHIBIT 1 THE STATE OF TEXAS COUNTY OF LUBBOCK On this, the day of July, 2021, before me, the undersigned Notary public, personally appeared Marc McDougal and Most McClendon, who acknowledged that they are the We members and Managers of NWP RM Project; LLC, and that they, in such capacity, being duly authorized so to do, executed the foregoing petition for the purposes therein contained by signing their manes in such capacity. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. &7t'*4) N Public Sipatum DONNA COMBB Noary Pie"$"% of Tix�s Cw m. 6xpka 1"1•2021 Noary ro eslees7 Acknowledgement Page for Petition EXHIBIT 1 The Lead mma AND BOUNDS DBSCRwnoN of a 4X 102-m= tract located in Section 119 Block ^ Abdmat 343, Lubbock Cm*. Tm ak being a pation of *A 727.417-a n tact dacstbed in Vohnne 103S1, Page 176. OMW Public Records of Lubbock Cou*, TW= (OPRLCII acid 476.102—re tract being Andor descrAW as buows: BBC DRONG at a lit" kc a rod with cap maded "HUGO RBBD dt ASSOC" set in a Went line of dut 17.40-acre sk t t*sway dedlossion as mod in COMAY (2aark Fib Number (Ca" 2012043729, OPRLCT, having a grid coordinm of N-7z89MAO, S+926282.74, Tacna CoOadimb Sysibm of 1983, N Zone, which point bears N. W14114" W. a dbtanoe of 548.88 hd ftm abroka non hundstdw commmonoornerofSedioes 11, 6, and S. all 1nBkwk J% and Salo m 14, Block A, Lubbock CC unty, Tama THBNCB N 88°14.14" W. along tha Sow line of avid Seodon 11 cad the North line of said Section 6, soma being a South Has of avid 727.417.eoro tract a distance of 2M.70 he to a 1R" iron rod found at the 3outhart corner cf that property oom eyed to Elizabeth Moaatalvo in Volume 6202, Page 313, OPRLCT ad a corner of avid 727.417-am tnnet; THBNCB N. Ol °43'S3" S, Ana line of said 727.417.em tract and an Bed line of said Moatalvo pr+ageaty, at SO.00 fact pm dam North d* of -way line of Ur uaw BOW as deaoribed in Vohane 1213, Pape 346. OPRLCT, comdaving for a fatal dkbm of 6WAg feet log aaietal fence post foamd at a oomac of said 727.417 tract and the most Baat,erly Nardow cow of said IMoa 1 11voproperty; TMWC E N. W13131" W., ebng a line of said 727.417-aare tnrot and a North line of am Monish►o property a distance of 1204A Real to a metal tlmoe post found at a Cooney of said 727 417-sore tract and an "ell" omm of acid Mont KV iuvpergr TH8NCEN.01W44"B.,alongaNo* ofsaid727.417-awebid and asBed line ofsaidMonb v+o PAY and due Bart lines of those tracts deemibed in Vohaine $455, PW 307, Vohme 41S0, Page 74, and Vdkme 41S06 Page 76, OPRLCT, a distance of 2014.64 feet to a fim poet Round in to South Use of that 14.8094m= tact dncn% d in Vohm 9594, Page 191, OPRLCT, at an "Can ooarm of said 727.417-acre but Tim S. WIV3r B., along aline of avid 727.417-a n tract and tie South lue ofmid 14.809- AM tract a didium of 7%.21 Poet to a 112" iron rod with Cap (Name) &vnd at a cot= of acid 727417-an teat and due Sow comer of said 14.809aam tract; THENCE N.01°43'22"IL, along aline ofsaid 727.417-a n tractand the Bastlineofmdd 14.809- acretreat a didenoe of 369.94 fits to a III" han rod with Cap (New W fmW at a ccaoar of said 7274Mon tract and dye Na6ma corner of said 14.'09•aore tnce; A-1 EXH181T I THBNCB N. W1423" W., alMg a line of said 727417-acre UM and is North No of 142DO-m" tract, at IM 32 feet pass the Beet rigk-of way lino of Ftmkfosd AV@= (FM 25M as demz W in Voh=1012, Poe 465, OPRLCT, oontbift fora total draw= of 1742.32 % t sa a c a me *Wb f mdingo West line ofssid Section I1, ataom w of card 727.417 ton and the Nm wcd corner of aid 14.809-aonn ttaat, THENCE N. 01044' 18" B., along like West fine of said Section l l and a Wet lice of said 727.417- me tact a dislaooe of 2269.03 feet to a cotton qgQ& jxmd at dw Northwest =mw of acid Section 11 and the Nam comer of add 727417.mn tract THENCE S. 8M'04" B., 810ag a North line ofatdd 727.4174= that and go Northline ofsdd Section It a distmaoa of 2080.26 feet to a 40.penny no &Md at a oomm of odd 727.417.am trwtmddwNar6wvstcomec of that 3-aote toot deem bad is Volume 704% Pop 170, OPRI.G'i'; T HENCB S. Ol °3S'34" W., along a line of add 727.417-aona beck and the Want H" of said S."m teat, at 50.00 feet pass the South rigbi.oPway line of Kmg Stmet as domxftd in Vohmka 1012, 3NP 563, OPR=, codmdeg for a total didme of 926.74 fleet to a 318" iron rod hand at the Souk Omw of acid S-aote tact and a oonm of said 727417.am us@% THENCE S. 88°03'33" B., along aline of said 727417-un tad sud dw Sam line of mdd 5.0ft UM a dh"m of 234A feet to a 1R" rook rod with ow (RPLS 4579) found at the SoaOhedt coetker Of"id 3-s" tract ed a oomer of said 727.417-acre t+ac0 THENCE N. Ol°S6'3(" E., along flee Bast Has of add See toot and a No of said 727417-are MA at 876.SS feet pass the South mW Noe of acid K40 Shut, oondmft hr a total disbnoe of 926.85 Beet to a &petngr nil fankd in the North NUO of add Section 1 l ad a North line of said 727.417-care local at the Northeast corner of said S.Ma teas~ THENCES. 88°OS'04"IL, aiotkgdoNorth Hue ofaaid Section I and &NorthU nofadd 727.417- =0 toot 9distenoe of $19.69 feet to a ommete mil found in the 8nuthwesoetfy a way lice of U.S. I4igh V 84 (Clovis Road) at a corner of acid 727417-am tract: THENCE S. Ol °S7'08" W., along odd en Oftescy f wiY fine and a lirke of add 727.417- acre teaat adiatenoe ofSO.00 hot I* a Ur iron rod with cep pdawton) f =A. THENCE S. 77032*31" IL, conttmdng along sdd tit -Of -way and a MmofmW727.417. acre resat adiatmkoe of283.34 feet to a oo wnw rigbmf.wq modes . TiENCES. W11'23" B, continuing doag odd r&.O&Way and aline ofmad 727.417-antact a didemm of 13S347 feet to a 1W #ma rod with oap medoed "HUGO REED & ASSOC" found in the West wq Um of S1ida Road, canna being rho oat line of raid 17.40.ame tact; 1U NC6 Shy, alM odd d&-of-wy gng6 along a go" to tW lek said own bsWDS a ts" of 1 S7S.00 f eat, a O@Wd angle of 61°Z3'03", a chotd bembS of S. WI6'32" B., as chord db bnoe of 1607.84 feet to a ln" iron rod with cap met W "Ht pp REED dt ASSW hund at a palm of urgency; A•2 EXHIBIT 1 THBNCB S.-WS8'04" EL. coutinniug along amid d&-Of-WW line adistmoe ofS34A2 Reef to a lW iron rod famd st apoint of f 17IBNCB 8oemljr,A101ftedoft said -o&wy limm. slang a curve to the IW slid au r"haviogara ftof 1425.00joK a OMOdW4&of32°lrWgaa6oedbowbgofS.14°4VW B., a obord dietenoe 0092.76 64toa Mr iron rod whh cep amkadIRM RBBD A ASSOC" ,d st a point of vgPnoy; THBNCe S. 01M'00" w., 600d0ft along sera g-,,ray Um a distance of 1130.93 Reel to a V2" iron rod whh gip um&md "H000 RBBD A ASSOC" hand ate point of hgerseadam; 1M4M S. 04°1VW W.. coullmdoo along NOW d*-O&WW Una a diskm of 200.25 Root to a W" hou rod with cep maiced "H000 RBBD A ASSOC* Round et apoint ofiatermedion; M41 0 O " W, �g raid right-of-way lime a didmm of 20 A fleet to a Point off. THBNCB S. 46°32'53" W., contimdug along said r4ft4Sway line a disc mm of 42.27 feet to a Ur iron rod with oap marked `gIM REED A ASSOC" found at a point of intermeodore in the Noah ri*pd- ray lime of UnWim SU"t; THBNCB N. WIV14" W., owdmft along amid rigbt„of-way Hm a dis moo of 397.10 abet to a 11r iron rod with cap marleed "EVOO RBBD A ASSOC' met for apointofinterm odor - THENCE S. 0104514C W., cow along amid rigid -of -way line;, at 5.00 Beat paw the North 11OW-WRY line of Ur Mime Shmeet ae described in Vobane 1213, Pope 346, OPRLCT, oomtionig Ar atotsl dMIM ofSS.00 flat10 do Point of Barg, zom reladve to the T=" Coordimte System of 1983 (2011) Epoch 2010.0, North-Central Dide now end areas we surAoe, U.S. Sway Feet. MRIM AND BOUNDS DffiCRWTION of a 230.125-are tract boated in Secdoos 11, Bleak JS, Abdtaot 343, and Section 14, Block A, Abdracla $61 and 13A Lubbock Could, Twmwr Was a portion of that 727.417-gore tract described im Vohmne 10351, Page 176, OffAW Public Reoords of LubbockGmuly, Tom (MLCTkand apmdmofdo286.14-acmtraddesoribedin Vohune 10351. Page 183, OPRLCT, said 230.1W som ad being described m follows` BBOMM at a Ur irn rod with cep marked "HUOO RED A ASSOC" set in an Bast lino of that 17.40-gore sWKriglt.of-way dedication as described in Coomly Clock Fib Number (CCFN) 2012043729, OPRIM, bw ft a grid ocoWbuft of N-7289776.71, E 2730L9% Tom Cmdvaft Systan of 1983, Zone; which point beam S. W11941" B. a distamoe of A-3 LXHI311 1 ri I� H Northwest Passage Public Improvement District n,'I - inn: QProposed PID Boundary As required by Chapter 2051, Gempatlal Data products of the Government Code, this product is for informational purposes OW may not have bem preparedfor or be suhable for legal, enpineedn0, or sumoylnp purposes. Itdoes not rprosmt an Parcels � oMMyd rot survey and rrepresent;mty the approximate rotativem losatlof prop" bomdades, Lot -Block Lines Feet 0 500 1000 2000 3000 M"� Inllllllllllllllll_ unman■nnr veal■nniuoiuu run■uuuuw unnnuuuu 11�1■/ . '-'I 8/13/2021 1 City of O.Lubbo6k EXHIBII Z EXHIBIT A The Land Tract 1(Northwest Ouadrant): METES AND BOUNDS DESCRIPTION of a 476.102-acre tract located in Section 11, Block JS, Abstract 343, Lubbock County, Texas, being a portion of that 727.417-acre tract described in Volume 10351, Page 176, Official Public Records of Lubbock County, Texas (OPRLCT), said 476.102-acre tract being further described as follows: BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in a West line of that 17.40-acre street right-of-way dedication as described in County Clerk File Number (CCFN) 2012043729, OPRLCT, having a grid coordinate of N-7289808.60, E-926282.74, Texas Coordinate System of 1983, North-Central Zone, which point bears N. 88° 14' 14" W. a distance of 548.88 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A, Lubbock County, Texas; THENCE N. 88014' 14" W, along the South line of said Section 11 and the North line of said Section 6, same being a South line of said 727.417-acre tract a distance of 2580.70 feet to a 1/2" iron rod found at the Southeast corner of that property conveyed to Elizabeth Montalvo in Volume 6202, Page 313, OPRLCT and a corner of said 727.417-acre tract; THENCE N. 01 043' 53" E., along a line of said 727.417-acre tract and an East line of said Montalvo property, at 50.00 feet pass the North right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of 625.08 feet to a metal fence post found at a corner of said 727.417-acre tract and the most Easterly Northeast corner of said Montalvo property; THENCE N. 88013'31" W., along a line of said 727.417-acre tract and a North line of said Montalvo property a distance of 1204.98 feet to a metal fence post found at a corner of said 727.417-acre tract and an "ell" corner of said Montalvo property; THENCE N. 01 047'44" E., along a line of said 727.417-acre tract and an East line of said Montalvo property and the East lines of those tracts described in Volume 8455, Page 307, Volume 4150, Page 74, and Volume 4150, Page 76, OPRLCT, a distance of 2014.64 feet to a fence post found in the South line of that 14.809-acre tract described in Volume 9594, Page 191, OPRLCT, at an "ell" comer of said 727.417-acre tract; THENCE S. 88014'37" E., along a line of said 727.417-acre tract and the South line of said 14.809- acre tract a distance of 796.21 feet to a 1/2" iron rod with cap (Newton) found at a corner of said 727.417-acre tract and the Southeast corner of said 14.809-acre tract; THENCE N. 01 043'22" E., along a line of said 727.417-acre tract and the East line of said 14.809- acre tract a distance of 369.94 feet to a 1/2" iron rod with cap (Newton) found at a corner of said 727.417-acre tract and the Northeast corner of said 14.809-acre tract; A-1 tAHIBII L THENCE N. 88014'23" W., along a line of said 727.417-acre tract and the North line of said 14.809-acre tract, at 1682.32 feet pass the East right-of-way line of Frankford Avenue (FM 2528) as described in Volume 1012, Page 465, OPRLCT, continuing for a total distance of 1742.32 feet to a cotton spindle found in the West line of said Section 11, at a corner of said 727.417-acre tract and the Northwest corner of said 14.809-acre tract; THENCE N. 01 044' 18" E., along the West line of said Section 11 and a West line of said 727.417- acre tract a distance of 2269.05 feet to a cotton spindle found at the Northwest corner of said Section 11 and the Northwest corner of said 727.417-acre tract; THENCE S. 88005'04" E., along a North line of said 727.417-acre tract and the North line of said Section 11 a distance of 2080.26 feet to a 40-penny nail found at a corner of said 727.417-acre tract and the Northwest corner of that 5-acre tract described in Volume 7040, Page 170, OPRLCT; THENCE S. 01 055'34" W., along a line of said 727.417-acre tract and the West line of said 5-acre tract, at 50.00 feet pass the South right-of-way line of Kent Street as described in Volume 1012, Page 563, OPRLCT, continuing for a total distance of 926.74 feet to a 3/8" iron rod found at the Southwest corner of said 5-acre tract and a corner of said 727.417-acre tract; THENCE S. 88003'33" E., along a line of said 727.417-acre tract and the South line of said 5-acre tract a distance of 234.68 feet to a 1/2" iron rod with cap (RPLS 4579) found at the Southeast corner of said 5-acre tract and a corner of said 727.417-acre tract; THENCE N. 01056'30" E., along the East line of said 5-acre tract and a line of said 727.417-acre tract, at 876.85 feet pass the South right-of-way line of said Kent Street, continuing for a total distance of 926.85 feet to a 60-penny nail found in the North line of said Section 11 and a North line of said 727.417-acre tract at the Northeast corner of said 5-acre tract; THENCE S. 88005'04" E., along the North line of said Section 11 and a North line of said 727.417- acre tract a distance of 819.69 feet to a concrete nail found in the Southwesterly right-of-way line of U.S. Highway 84 (Clovis Road) at a corner of said 727.417-acre tract; THENCE S. 01057'08" W., along said Southwesterly right-of-way line and a line of said 727.417- acre tract a distance of 50.00 feet to a 1/2" iron rod with cap (Newton) found; THENCE S. 77032'31" E., continuing along said right-of-way and a line of said 727.417-acre tract a distance of 283.34 feet to a concrete right-of-way marker found; THENCE S. 58011'23" E., continuing along said right-of-way and a line of said 727.417-acre tract a distance of 1353.47 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the West right-of-way line of Slide Road, same being the West line of said 17.40-acre tract; THENCE Southeasterly, along said right-of-way line, along a curve to the left, said curve having a radius of 1575.00 feet, a central angle of 61 °23'03", a chord bearing of S. 00° 16'32" E., a chord distance of 1607.84 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of tangency; A-2 LAH11311 Z THENCE S. 30058'04" E., continuing along said right-of-way line a distance of 534.62 feet to a 1/2" iron rod found at a point of curvature; THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said curve having a radius of 1425.00 feet, a central angle of 32018'04", a chord bearing of S.14°49'02" E., a chord distance of 792.76 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of tangency; THENCE S. 01 020' 00" W., continuing along said right-of-way line a distance of 1180.93 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection; THENCE S. 04011'44" W., continuing along said right-of-way line a distance of 200.25 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection; THENCE S. 01020'00" W., continuing along said right-of-way line a distance of 208.00 feet to a 1/2" iron rod found at a point of intersection; THENCE S. 46032'53" W., continuing along said right-of-way line a distance of 42.27 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection in the North right-of-way line of Ursuline Street; THENCE N. 88014'14" W., continuing along said right-of-way line a distance of 397.10 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE S. 01 °45'46" W., continuing along said right-of-way line, at 5.00 feet pass the North right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of 55.00 feet to the Point of Beginning. Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone. Distances and areas are surface, U.S. Survey Feet. Tract 2 (Northeast Ouadrant): METES AND BOUNDS DESCRIPTION of a 230.125-acre tract located in Sections 11, Block JS, Abstract 343, and Section 14, Block A, Abstracts 861 and 1332, Lubbock County, Texas, being a portion of that 727.417-acre tract described in Volume 10351, Page 176, Official Public Records of Lubbock County, Texas (OPRLCT), and a portion of that 286.14-acre tract described in Volume 10351, Page 183, OPRLCT, said 230.125-acre tract being further described as follows: BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in an East line of that 17.40-acre street right-of-way dedication as described in County Clerk File Number (CCFN) 2012043729, OPRLCT, having a grid coordinate of N-7289776.71, E-927306.98, Texas Coordinate System of 1983, North-Central Zone, which point bears S. 88°11'41" E. a distance of A-3 LAHI I I 1 476.10 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A, Lubbock County, Texas; THENCE N. 01048' 19" E., along an East line of said 17.40-acre tract, at 50.00 feet pass the North right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of 55.00 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a corner of said 17.40-acre tract in the North right-of-way line of Ursuline Street; THENCE N. 85019'56" W., along said right-of-way line a distance of 200.25 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE N. 88011'41" W., continuing along said right-of-way line a distance of 208.00 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection; THENCE N. 43025'50" W., continuing along said right-of-way line a distance of 42.60 feet to a "crow's foot" chiseled in concrete for a point of intersection in the East right-of-way line of Slide Road, same being the East line of said 17.40-acre tract; THENCE N. 01020'00" E., along said right-of-way line a distance of 1580.17 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of curvature; THENCE Northwesterly, continuing along said right-of-way line, along a curve to the left, said curve having a radius of 1575.00 feet, a central angle of 32018'04", a chord bearing of N. 14049'02" W., a chord distance of 876.21 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of tangency; THENCE N. 30058'04" W., continuing along said right-of-way line a distance of 534.62 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature; THENCE Northwesterly, continuing along said right-of-way line, along a curve to the right, said curve having a radius of 1425.00 feet, a central angle of 44°2325", a chord bearing of N. 08046'22" W., a chord distance of 1076.62 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said curve having a radius of 1478.85 feet, a central angle of 06°54'41", a chord bearing of N. 20°13'30" E., a chord distance of 178.28 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection; THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said curve having a radius of 1415.00 feet, a central angle of 09°38'59", a chord bearing of N. 25126'03" E., a chord distance of 238.03 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the Southwesterly right-of-way line of U.S. Highway 84 (Clovis Road), in a Northerly line of said 727.417-acre tract; THENCE S. 58011'34" E., along said Clovis Road right-of-way line and a Northerly line of said 727.417-acre tract a distance of 644.87 feet to a 1/2" iron rod with cap marked "HUGO REED & A-4 ASSOC" found in the East line of said Section 11 and the West line of said Section 14, at a corner of said 727.417-acre tract THENCE S. 01 045'00" W., along the East line of said Section 11 and the West line of said Section 14 and a line of said 727.417-acre tract a distance of 1447.24 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a corner of said 727.417-acre tract; THENCE S. 88011'29" E., along a line of said 727.417-acre tract a distance of 1696.26 feet to a 5/8" iron rod found at a corner of said 727.417-acre tract; THENCE S. 01 °50'26" W., along a line of said 727.417-acre tract a distance of 333.98 feet to a 1/2" iron pipe found at a corner of said 727.417-acre tract; THENCE S. 88008'32" E., along a line of said 727.417-acre tract a distance of 311.55 feet to a chain -link fence post found at a comer of said 727.417-acre tract; THENCE S. 55008'25" E., along a line of said 727.417-acre tract a distance of 3142.70 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at the Northwest plat limits of Tract "A", LP&L Northwest Substation Addition as recorded in CCFN 2008042914, OPRLCT; THENCE S. 01048' 11" W., along said West plat limits, at 541.59 feet pass the North right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of 591.59 feet to a 1/2" iron rod found in the South line of said Section 14 and the South line of said 727.417-acre tract at the Southwest plat limits corner of said Tract "A" and the Southeast corner of this tract; THENCE N. 88011'41" W., along the South line of said Section 14 and the South line of said 727.417-acre tract a distance of 4164.33 feet to the Point of Beginning. Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone. Distances and areas are surface, U.S. Survey Feet. Tract 3 (Southwest Ouadrant,_excluding portion in the North Pointe PID): METES AND BOUNDS DESCRIPTION of a 318.340-acre being a portion of that 160.139-acre tract located in Section 6, Block JS, Abstract 1492, Lubbock County, Texas, described in Volume 9785, Page 28, Official Public Records of Lubbock County, Texas (OPRLCT), and a portion of that 153.864-acre tract located in Section 6, Block JS, Lubbock County, Texas, Abstract 1516, described in County Clerk File Number (CCFN) 2006043021, and that tract located in said Section 6 described in Volume 10263, Page 222, OPRLCT, and a portion of that 303.29-acre tract located in Section 5, Block JS, Lubbock County, Texas, Abstract 346, described in Volume 10016, Page 135, OPRLCT, said 318.340-acre tract being further described as follows: BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection in the South right-of-way line of Ursuline Street, same being a line of that 17.40-acre street right-of-way dedication as described in CCFN 2012043729, OPRLCT, having a grid Es� tAM11311 L coordinate of N-7289731.09, E-926687.46, Texas Coordinate System of 1983, North-Central Zone, which point bears N. 88° 14' 14" W. a distance of 140.88 feet and S. 01 °45'46" W. a distance of 65.00 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A, Lubbock County, Texas; THENCE S. 43027'07" E., along a line of said 17.40-acre tract a distance of 42.59 feet to an "X" chiseled in concrete set for a point of intersection in the West right-of-way line of Slide Road; THENCE S. 01020'00" W., along said West right-of-way line a distance of 574.41 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature; THENCE Southeasterly, continuing along said right-of-way line, along a curve to the left, said curve having a radius of 1575.00 feet, a central angle of 309 F25", a chord bearing of S. 13055'42" E., a chord distance of 829.17 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of tangency; THENCE S. 29011'25" E., continuing along said right-of-way line a distance of 179.80 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of curvature; THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said curve having a radius of 1425.00 feet, a central angle of 30057'31", a chord bearing of S. 13°42'39" E., a chord distance of 760.64 feet to a 1/2" iron rod found at a point of tangency; THENCE S. 01046'06" W., continuing along said right-of-way line a distance of 336.59 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in the North line of a 20-foot alley dedicated by plat of Lots 535-707, North Pointe Addition to the City of Lubbock as recorded in CCFN 2006045605, OPRLCT; THENCE N. 88008'27" W., along the North line of said alley a distance of 228.93 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE N. 43008'27" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE N. 88008'27" W., continuing along the North line of said alley a distance of 56.00 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE S. 46051'33" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE N. 88008'27" W., continuing along the North line of said alley a distance of 110.10 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection in the West line of said Section 5 and the East line of said Section 6; THENCE N. 88009'58" W., continuing along the North line of said alley a distance of 709.89 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; A-6 tAHIBI I 1 THENCE N. 43009'58" W., continuing along the North line of said alley a distance of 14.14 feet to a point of intersection; THENCE N. 88009'58" W., continuing along the North line of said alley a distance of 52.00 feet to a point of intersection THENCE S. 46050'02" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE N. 88009'58" W., continuing along said alley line a distance of 539.58 feet to a point of intersection in the West plat limits of said North Pointe Addition and the East plat limits of Lots 191-290 and Tracts C and D, Lynnwood Addition to the City of Lubbock as recorded in Volume 9847, Page 139, OPRLCT; THENCE N. 01036'04" E., along the East plat limits of said Lynnwood Addition a distance of 49.77 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the South line of said 153.864-acre tract at the Northeast corner of the plat limits of said Lynnwood Addition; THENCE N. 88001'32" W., along the North plat limits of said Lynnwood Addition a distance of 1325.36 feet to a "MAGI' nail with shiner (AMD) found at the Northwest comer of said plat limits, at the Southwest comer of said 160.139-acre tract and the Southeast corner of said 153.864-acre tract; THENCE N. 88005'46" W., along the South line of said 153.864-acre tract, at 1320.00 feet pass a 1/2" iron rod found, continuing at 2130.37 feet pass the Northeast corner of Tract "A", Broadview Baptist Church Addition as recorded in Volume 1685, Page 894, OPRLCT, continuing along the North line of said Tract "A" for a total distance of 2579.92 feet to a 1/2" iron rod found in the East right-of-way line of Frankford Avenue (FM 2528) at the Southwest corner of said 153.864-acre tract and the Southwest corner of this tract; THENCE N. 01 °56' 10" E., along said East right-of-way line and the West line of said 153.864- acre tract a distance of 2573.17 feet to a 1/2" iron rod found in the South right-of-way line of Ursuline Street as described in CCFN 2011027661, OPRLCT, at the Northwest corner of this tract; THENCE S. 88014'14" E., along the South right-of-way line of said Ursuline Street, at 2285.20 feet pass the West line of that tract described in Volume 10263, Page 222, at 2580.37 feet pass the East line of same tract and the West line of said 160.319-acre tract, continuing for a total distance of 4671.95 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE S. 85022'29" E., continuing along said right-of-way line a distance of 200.25 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection; THENCE S. 88014' 14" E., continuing along said right-of-way line a distance of 208.00 feet to the Point of Beginning. A-7 tAHIbII L SAVE & EXCEPT: Any portion of Tract 3 located in Section 5, Block JS, Lubbock County, Texas, Abstract 346, described in Volume 10016, Page 135, OPRLCT that is also currently located in the North Pointe PID. Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone. Distances and areas are surface, U.S. Survey Feet. Tract 4 (Small strip adjoining Southwest Quadrant): All of the portion of Tract 5 described in the Deed to Petitioner filed in CCFN 2021019386, OPRLCT not currently located in the North Point PID (for further clarification, this tract is generally described as a strip located north of, and adjacent to, the alley north of Marshall Avenue, adjacent to Tract 3 described above.) A-8 EXHIBIT 3 City of Lubbock, TX Finance Department Northwest Passage PID Preliminary FY 2022-23 Service and Assessment Plan Method of Assessment * Properties will be assessed based on the City's 2022 "net taxable value" as established by the Lubbock Central Appraisal District and submitted to the City under Tax Code Section 26.04. * Assessment rate will be $0.15/$100 valuation. * All property will be assessed based on the final 2022 "net taxable value". Service Plan Tax Year Property Values* (Taxable) Discounted Property Values Number of Homes Fiscal Year Revenues Interest Assessment @ $0.15 Total Expense Debt Service Administrative Costs Annual Operation Cost (Notices, Public Hearings, Collection Costs, Advisory Group meeting costs, postage, office supplies, Maint PT) Total Cash Reserve *Property Value growth rate = 2% annually PROJECTIONS 2021 2022 2023 2024 2025 2026 Totals 5,001,669 5,001,669 5,001,669 5,001,669 37,062,953 33,356,658 193,493,429 174,144,086 219,576,954 197,619,259 250,438,980 225,395,082 250,438,980 225,395,082 2020-21 2022-23 2023-24 2024-25 2025-26 2026-27 TotalsA - - - 7,503 50,035 457 261,216 3,383 296,429 6,750 338,093 10,590 953,275 - 7,503 50,035 261,673 299,812 344,843 963,865 4,000 5,000 4,080 5,100 4,162 5,202 4,245 5,306 470,000 4,330 5,412 470,000 20,816 26,020 - 9,000 9,180 9,364 9,551 479,742 516,836 - (1,497) 39,357 291,667 581,928 447,029 447,029 Assessment Information for 100,000 home $150.00 � F I LED AND RECOf�DED OFFICIAL PUBLIC RECORDS � ' �* .� c., Kelly Pinion County Clerk Lubbock Coun�y TEXRS 09/21/2021 01:�8 PM 2021048761 �