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HomeMy WebLinkAboutOrdinance - 2018-O0097 - Assessing Special Benefits For Valencia Public Improvement District (PID) - 08/23/2018First Reading Second Reading August 9, 2018 August 23, 2018 Item No. 7.8 Item No. 6.4 ORDINANCE NO. 2018-00097 AN ORDINANCE REVIEWING CLASSIFICATIONS FOR THE 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; LEVYING 2018 ASSESSMENTS FOR THE COST OF CERTAIN SERVICES AND IMPROVEMENTS TO BE PROVIDED IN THE DISTRICT DURING FY 2018-19; 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.201 1 -R03 10, 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 2018 Service and Assessment Plan (the "Plan") for the District is attached hereto as "Exhibit 13;" 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 9, 2018, 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 2018 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 ..peak for or against the 2018 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 Valencia 1111) Assessment Ordinance 2018 (FY 2018-19) Page 1 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, and approve, adopt, and file with the City Secretary the Roll; 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 $0.11 per $100.00 of net taxable value through year 2022, 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 2018 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 9, 2018 at 5:30 p.m. in the City Council Chamber, 1625 13th Street, Lubbock, Texas was published in the official newspaper of the City of Lubbock, Texas before the 10°i 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 Valencia PiD Assessment ordinance 2018 (FY 2018-19) Page 2 was mailed before the 10`i' day before the date of the hearing to the last known address of 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 2018 city net taxable value in the manner described in the assessment, attached hereto as Exhibits B and 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, 2019 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 Valencia PID Assessment Ordinance 2018 (FY 2018-19) Page 3 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 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. AND IT IS SO ORDERED. Passed by the City Council on first reading on August 9, 2018 Passed by the City Council on second reading on August 23, 2018 --- Lj� � DANIEL M. POPE, MAYOR Valencia PID Assessment Ordinance 2018 (FY 2018-19) Page 4 ATTEST: Reb cca Garza, City Secreta APPROVED AS TO CONTENT: --C%v4t 8,xec—ow- Cheryl Bro , Director of Financial Planning & Analysis APPROVED AS TO FORM: Ord. Valencia PID Assessment Ordinance 2018 July 24, 2018 Valencia PID Assessment Ordinance 2018 (F1' 2018-19) Page 5 Resolution No. ..1-R0310 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 "312 ; 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 151h 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 .1 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 the 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 "3" 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 between the district and the city as a whole; and WHEREAS, all owners of property located with the proposed Valencia Public Improvement District and all other taxing units and other interested persons were 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 j 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 were given the opportunity to appear to contest authorization of the district, after which the hearing was closed; NOW THEREFORE: BE IT RESOLVED 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 conducting such hearing and having heard such evidence and testimony, has made the following 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 authorization of the proposed Valencia Public Improvement District with boundaries as described in Exhibits "2" and "3" 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 Valencia PID 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 $56,829 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. �I Valencia PID Establishment 3 EXHIBIT A Passed by the City Council on July 14 , 2011. TOM MARTIN, MAYOR ATTEST: 2a - -- - Reb cca Garza, City Secretary APPROVED AS TO CONTENT: Andy B chain Chief Financial Officer APPROVED AS TO FORM: Linda L. ChamaIes, Economic Development Attorney askityattlLindaNalencia PID Establishment May I9.2011 Valencia PID Establishment 4 EXHIBIT'A Exhibit 1 nesolution 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 (50%) of the area of all taxable real property that is liable for assessment under the proposal as required by Section 372.005(b) of the Texas Local Government Code; the one petitioner owns 100% of land; said documents appear of record in my office and that said documents are an official record from the public office of the City Secretary of the City of Lubbock, Lubbock County, State of Texas, and is kept in said office. I further certify that I am the City Secretary of the City of Lubbock, that I have legal custody of said record, and that 1 am a lawful possessor and keeper and have legal custody of the records in said office. In witness whereof 1 have hereunto set my hand and affixed the official seal of said office this 16th day of May, 2011. (City Seal) Rebebca Garza City Secretary City of Lubbock Lubbock County, State of Texas EXHIBIT A Exhibit "I" �ib6'ock TEXAS May 5, 2011 To: Becky Garza, City Secretary Cheryl Brock, Senior Financial Analyst Rob Allison, Assistant City Manager From: Sally Still Abbe, G1S Manager Re: Valencia Petition Recently, the City Of Lubbock received a petition dated April S, 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 "I" 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 L Swine 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 (H) the record owners of taxable veal property that constitutes more than 50% of the area of all taxable real property that is liable for assessment under such proposal. S 92a 2. General nature of the 8roRgmd maintenance of the Rublic improvements. The general nature of the proposed public improvements is: (i) maintenance of Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, irrigation. walkways, lighting, fences, benches, trash receptacles and any similar items located therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and greens; landscaping, hardscape and irrigation; and (ii) costs of establishing, administering and operating the District. The improvements associated with the Public Improvement District are a benefit to the affected property and to the City of Lubbock because they visually enhance the area as well as provide a common area for residents to enjoy increasing the overall quality of life in the affected area. Section J. Estimated cost of the maintenance of the pro2gsed public improvements: Annual maintenance costs - $18,000. Section 4. Boundaries. The proposed boundaries of the District arc described in Exhibit A. Section 5. Method of assessment. An assessment methodology has been prepared that will address (i) bow 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 LUa20015WW Was 1034400_1 DOC r. EXHIBIT A Exhibit "l" property on the basis of the special benefits. The result will be that equal shares of the costs will be imposed on property similarly benefited. In assessing the maintenance of the public improvements, property will be classified based on the net taxable value of the property. The assessment methodology will result in each parcel paying its fair share of the costs of maintaining the public improvements based on the special benefits received by the property from the public improvements and property equally situated paying equal shares of the costs of the public improvements. The annual budget is subject to review by City of Lubbock staff and final approval by the City Council. The annual assessments may be adjusted as a result of the City of Lubbock staff review and City Council approval. Section b. Apportionment of Cost between Jbg C y and the District. The City will not be obligated to provide any funds to finance the proposed public improvements or maintain the public improvements. All of the costs of the proposed public improvements will be paid by assessments of the property within the District and from other sources of funds, if any, available to the developer of the Land. Section 7. Manx ea went 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. Section 8. AdviMa board. An advisory board may be established to develop and recommend an improvement plan to the City Council of the City (the "City Council'). The signers of this petition request the establishment of the District and this petition will be filed with the City Secretary in support of the creation of the District by the City Council as herein provided. LUB20015WW Dalln 10344W_I DOC [Signature on following page] .2. EXHIBIT A Exhibit "1" PETITIONERS: Real Property Resources, Inc. Drew Wegnm, V e-President of Real Property Resources, Inc. THE STATE OF TEXAS § COUNTY OF LU13BOCK § On this, the 8`h day of April, 2011, before me, the undersigned Notary Public, personally appeared Drew Weg man 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. � &,h L�-h 14 JENNE M. BICKETT Notary blic Signamne W" Pubic, mw d Tmrer COMYrAm �aaionE*mto-13,4013 Signature Page for Petition EXHIBIT A Exhibit "1" EXHIBIT A The Land METES AND BOUNDS DESCRIPTION: A 39.941 ACRE TRACT OF LAND SITUATED IN 7RAT CERTAIN 199.832 ACRE TRACT OF LAND RECORDED IN VOLUME 6937, PAGE 174 OF THE REAL. PROPERTY RECORDS OF LUBBOCK COUNTY, INCLUDING LOT 413 OF SPECTRA LUBBOCK SOU HWFS17, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO THE MAP OR FLAT THEREOF RECORDED IN PLAT AND DEDICATION NO.2W6044435 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND LOCATED IN SECTION 28, BLOCK A.K. LUBBOCK COUNTY, TEXAS, SAID 39.941 ACRE 1TlACT BEING FURTHER DESCRIBED BY M]EM AND BOUNDS AS FOLLOWS: BEGINNING AT A 1/2" IRON ROD WITH CsLP MARKED "STEVENS RPLS 4339" SET IN THE EAST LINE OF LOT 4.A, SPECTRA LUBBOCK SOUIFIW ITT. 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 S. 010 49' 05' W. A DISTANCE OF 175.00 FEET FROM THE SOU`rH VEST CORNER OF TRACT A-1, A REPLAT OF TRACT A, MONTEREY CHURCH OF CHRIST ADDITION, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN VOLUBLE 10299, PAGE 264 OFTHE HE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE NORTHWEST CORNER OF THUS TRACT, HAVING COORDINATES OF NORTHING: 7ASZ079.842 AND E .STING 916,426.179. TEXAS COORDINATE SYSTEM, TXNC ZONE 4202, N-'AD 83 (CORS 96), WHENCE THE NORTHWEST CORNER OF SECTION 28 BEARS N. 010 4V 05" B. A DISTANCE OF 1001.91 FEET, N. 016 54' 20" E. A DISTANCE OF 55.00 FEET AND N. 880 05' 40' W. A DISTANCE OF 1360-47 FEET, PER CALLED DISTANCES N SAID PLAT OF TRACT A-1 AND IN PREVIOUS WARRANTY DEEDS RECORDED IN VOLUME 6937, PAGES 174 AND 178 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY; THENCE S. 8V 11' Ol" E., PAR1LL EL WIT2-I THE SOUTH LINE OF SAID TRACT A-1 (PREVIOUS RECORD cu.L. EAST), AT A DISTANCE OF 150.20 FEET PASS A 1/2" IRON ROD WITH CAP MARKED-STEVENS RPLS 4339" SET IN REFERENCE, CONTINUING FOR A TOTAL DISTANCE OF 1282.20 FEET TO A 1/2" IRON ROD WITH CAP MARKED STEVENS RPLS 4339" SET IN THE EAST LINE OF SAID 199.932 ACRE TRACT FOR THE NORTHEAST CORNER OF THIS TRACT; THENCE S. 01° 45' 05" W. ALONG THE EAST LINE OF SAID 199.832 ACRE TRACT (PREVIOUS RECORD CALL. S. 000 02' SW E) AND THE CENTERLINE OF IOLA AVENUE AS DEDICATED BY THE PLATS OF REGAL PARK, ACCORDING TO THE MAPS OR PLATS THEREOF RECORDED IN VOLUME 8405, PAGE 296 AND VOLUME 10114, PAGE 58 OF THE OFFICIAL, PUBLIC RECORDS OF LUBBOCK COUNTY, A DISTANCE OF 99Z97 FEET TO A PK NAIL AND WASHER FOUND AT 711E NORTHEAST CORNER OF THAT CERTA N TRACT OF LAND CONVEYED TO LUBBOCK LAND INVESTT<ENIIS I, LP RECORDED IN VOLUME 10469, PAGE 124 OF THE OFFICIAL. PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTHEAST CORNER OF THIS TRACT. THENCE N. 88' IW 05" W., ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVESTMENTS I. LP TRACT, AT A DISTANCE OF 3200 FEET PASS A 1/2" IRON ROD WITH CAP MARKED "H. REED do ASSOCS" FOUND, CONTINUING FORA TOTAL DISTANCE OF 1118.38 FEET (PREVIOUS RECORD CALL: N. 88° 09' 50" W, 1118.38 FEET) TO A 1/2" IRON ROD WITH CAP MARKED "H. REED & ASSOf.S" FOUND FOR A CORNER OF THIS TRACT; THENCE N. 010 48' 45" E, ALONG A PORTION OF THE NORTH LINE OF SAID LUBBOCK LAND LN%T.M. TENTS I, LP TRACT, A DISTANCE OF 146.21 FEET (PREVIOUS RECORD C-AM- N. 01° 48' 13" 1, 146.21 FEET) TO A 1/2" IRON ROD WITH CAP ��IAIWED ^H. REED & ASSOCS" FOUND FOR A CORNER OF THTS TRACT; THENCE N. Uo 09' 49" W., ALONG THE NORTH LINE OF SAID LUBBOCK LAND NTESI M-41S I. LP TRACT, A DISTANCE OF 1468.08 FEET (PREVIOUS RECORD CALL N. 88" 10' 43" W,1467.86 FEET) TO A 1/2" IRON ROD WITH CAP MARKED "bTEVEN3 RPLS 4339" SET IN 'THE EAST RIGHT-OF-WAY LINE OF MILWAUKEE AVENUE, AS DESCRIBED IN DEED RECORDED IN VOLUME 9735, PAGE 349 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTHWEST COLVER OF THIS T ILA T; THENCE N 010 43' l'" E. ALONG 711E EAST RIGHT -CIF -WAY LINE OF MILWAUKEE ,AVENUE (PREVIOUS RECORD CALL N. 01° 43' 58" E.), A DISTANCE OF 29200 FEET TO A 5/8" IRON ROD FOUND AT THE SOUTHWEST CORNER OF TRACT A, W.ALALART SL'PERCENTER, AN ADDITION 'IO THE CITY OF LUBBOCK. ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO. 20060249M OF THE OFFICLAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR TIfE MOST WESTERLY NORTI IVIWEbT CORNER OF T711S T p-AC-T; A-1 EXHIBIT A rr_ Exhibit "I" THENCE S. 88' 09' S1" E., ALONG THE SOUTH LINE OF SAID TRACT A, A DISTANCE OF 915.02 FEET (PREVIOUS RECORD CALL: S. 88' MY 10" E, 914.93 FEET) TO A 5/8" IRON ROD WMI C-1P xIARKED "DL'NAW.\Y ASSOC, INC" FOUND AT THE SOMEAST CORNER OF SAID TR.ICT A AND TI IE SOUTHWEST CARVER OF LOT 4B OF SAID SPECTRA LUBBOCK SOUTHWEST, FORA CORNER OF THIS TRACT, THENCE N. 01' 49' SO- E, ALONG THE COMMON LINE OF SAID TRACT A AND LOT 4B, A DISTANCE OF 28259 FEET (PREVIOUS RECORD CALL• N. Ol' 49' SO' E, 28278 FEET) TO A 1 /3' IRON ROD WITH CAP \LUCKED "STEVENS RPLS 4339" SET AT THE WEST COW%fON CORNER OF SAID LOTS 4A AND 411 FOR A CORNER OF THIS TRACT: THENCE S. W 10' 10" E, ALONG THE COI MON LINE OF SAID LOTS 4A AND 4B, A DISTANCE OF 3W2 FEET (PREVIOUS RECORD CALLS. 88' 10' 10- E, 388.47 FEET) TO A 1 /2" IRON ROD WCIH CAP `LARKED "STEVENS RPLS 4339" SET AT THE EAST CO1MfON CORNER OF SAID LOTS 4A AND 4B FOR A CORNER OF THIS TRACT; THENCE N. 010 49' OS" E., ALONG THE EAST LINE OF SAID LOT 4A (PREVIOUS RECORD CALL.- N, Ol' 49' 14" E.), A DISTANCE OF 271.71 FEET TO THE POINT OF BEGINNING. Mi EXHIBIT A Exhibit "I" r BERNBOUGH HOMES April 8, 2011 Cheryl Brock City of Lubbock, TX 1625 13d' Street Lubbock, TX 79457 Re: Valencia, Public improvement District Dear Honorable Mayor and City Council; Valencia is a residential development within the city limits of the City of Lubbock bound on the west by Milwaukee Avenue, the east by Iola Avenue, the north by Monterey Church of Christ, and the south by The Trails at Regal Park. We are proposing to create a Public Improvement District "PID" to maintain the public improvements for Valencia. In order to comply with the "Public Improvement District Policies and Guidelines", we are providing information as required in Section III. "Guidelines", b. "Petition Requirements". We are providing information regarding items 5-16, as follow: 5. If the there is sufficient support to petition to dissolve the Public Improvement District certain requirements in addition to sufficient support must be met in order to dissolve the PID. Those requirements include arrangements to transfer ownership and maintenance of the City owned and PID maintained property. These arrangements are to be made by the Advisory Board and with funds available to the Advisory Board 6. Map of the area is attached to this email to be added to the petition. 7. In regards to the procedure for the nomination of the PID Advisory Board, the process shall be consistent with the bylaws for Public Improvement Districts for the City of Lubbock. 8. Addressed in Section 2 of the petition. 9. City owned land in the distinct will be "Tract A & Tract B, Valencia, an addition to the City of Lubbock". 10. General description of proposed improvements in Section 2 of the petition. 11. The estimated total cost of the improvements is $200,000.00 and will be paid by developer with no desire for any reimbursement. The estimated cost of the maintenance is $19,000 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 "1" BUENBOUGH -HOMES 13. Method of assessment will be base on the net taxable value of the affected properties and will be assessed at $.11 per $100.00 valuation. 14. Documentation of liability insurance will be attached to this letter 15. Addressed in Section 6 of the petition 16. Addressed in Section 5 of the petition Hopefully this will provide all of the information requested to continue with the creation of the PID. Please let me know if you have any questions or require any additional information. 3iwieh%u- Community Development Betenbough Homes EXHIBIT A f ,1 Z b b ! $� Sri ;cc :o�alt;g gaR RpA gel �g��g�Hg 1g'i b � ow w er ton 'lonl �aan.lot yvaw no R iroY •+aw.c.Jas `tIt ITO=-° .,tNlJ Z Alt w b fl e Y ' zw�..IrY �1 a ILNI # 9 A S tfAc MJCN a Arm Wag y1* - .ltt •YCl,R 7Y 1a4n.laN I.OQ9[I - / 'LIbJQ11 aY fep (/ 1 tal 'LootiraY �1 �1 g till/ n aa.WaM+o�aosloaoio• y,y I �' ! S �" ��,Y. F� g � S1 �pppr .u� al 'V L70Mt iwie�wi S =w • � fps t t 7..f I,t�Jar Orml A Li arts• Kjail an Ft �ItGM�c+>i zwaJe. JY (#t ar tus -ft -An MLaw of ra-Y .al a tnl w fYOo ZC.IYfin .I/tLl 30 EXHIBIT A rr 4.._:eaolution No. 2011—R0310 Exhibit "1" loom DDMOMM O O r� D DDDODOD DD r c 0 o a man 0 � c 0000001 infl i®Qo o Qnr Qfl �Ocoma n�anan a0aa0aa non n�� MPH Qccaon unna caQQac� � 1 DDODDOD DD �n DD flit DD a D n II 0 DDD D 0 DDD 0 n 0 n O D n a a 9 a n s 0 11 D n n a n D n D a D n a O D n D n a _MGM [I1DD D 0 n a O ❑1DDD1D1 nnnnu O nnnnnnll DOODDDD omm nnn mo unn IRn ODD Inn aDD ninnnin 01DDD10 nlnnnll 010001 nunnui 0/000/01 nlnnnul an amaOalal cmRg00D OOO 000 CIOm al fibWWiir�-, "I I WWIill EXHIBIT A Exhibit "2" The Land METES AND BOUNDS DESCRIPTION: Resolution No. 2011-RO310 A 39.941 ACRE TRACT OF LAND SI'IIJA*I*liD IN TIIATCERTAIN 199.832 ACRE 17ir1Cl' OI- 1-AND RECORDED IN VOLU\IL 6937, PAGE 174 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY, INCLUDING I.OT 4B Of -- SPECTRA LUBBOCK SOUTHWEST, AN ADDITION 'I'O TILE CITY OF LUBBOCK, LUBBOCK COUNTY, 'II:XAS, ACCORDING TO TI IL NEAP OR PLAT 1*1IEREOF RECORDED 1N PLAT :AND DEDICATION NO. 2006044435 OFTI IE OFFICIAL PUBLIC RECORDS OE- LUBBOCK COUNTY, AND LOCA'I'LD IN SECTION 28. BLOCK AK, LUBBOCK COUNTY, TEXAS, SAID 39.941 ACRE'IRACI' BEING FURI'I ILR DESCRIBED BY A1LTIi5 AND BOUNDS AS FOLLOWS: BEGINNING A'I' A 1/2" IRON ROD WITI I CAP MARKED';4T'EVENS RPIS 4339" SET IN 1'1 IE CAST LINE OF LOT 4A, SPECIIIA LUBBOCK SOUTIIWCS"T, AN ADDITION TO 1.11L CI'IY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TOTI Ili NIAP OR PLAT TI IEREOF RECORDED IN PLAT .AND DEDICATION NO. 2006044435 OFTI I IE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, ,AND S. 01° 49' 05" W. A DISTANCE OF 175.00 FEET FROM 'ITIE SOUTT IWES"I' CORNER OF TRACT A-1, A RE PLAT OF TRACT A, MONTEREY CI IURCI I OF CI IRIST ADDITION, AN ADDITION TO TI IL CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO'11IL•' MAP OR PLAT 11IEREOF RECORDED IN VOLU1%v1E 10299, RAGE 264 Own IE O TICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR 'TIIE NOR111WES'T CORNER OF 'TIffS TRACT, HAVING COORDINATES OF NORTHING: 7?5' 079.842 AND EAS'1'ING: 916,426.179, TEXAS COORDINATE SYSTEM, TXNC ZONE 4202, NAD 83 (CORS 96). WI IL'NCE TI Ili NOR7I1 (WEST CORNER OF SECTION 28 BEARS N. 01' 49' 05" Ei. A DISTANCE OF 100L91 FEET, N. Of ° 54' 20" E. A DISTANCE OF 55,00 FEET AND N. 88° 05' 40" W. A DISTANCE OF 1360.47 FEET, PER CALLED DISTANCES IN SAID PLjVI' OF'I'Rf\CT A-1 AND IN PREVIOUS WARRANTY DEEDS RECORDED IN VOLUME 6937, PAGI1 174 AND 178 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY; 'I'I ILNCC S. 88° 11' 01" E., PARALLEL WITH 'I11E SOU-111 LINE OF SAID TRACT A-1 (PREVIOUS RECORD CALL: LAS-1), AT A DISTANCE OF 1250.20 FELT PASS A 1/2" IRON ROD W1TI•I CAP MARKED "STEVENS RPLS 4339" SLR' IN R1il--EiRENCF., CONTINUING FOR A TOTAL DISTANCE OF 1282.20 FEET"1'O A 1/2" IRON ROD WIT'11 CAP MARKED "S'IIiVENS RPIS 4339" SIs'1' IN TI IE EAST LINE OF SAID 199.832 ACRE TRACT FOR'ITIL' NORTI IEA.4T' CORNER OF '11 l IS'IRACI'; 1TIE.NCE S. 010 45' 05" W., ALONG TI IC EAST LINE OF SAID 199,832 ACRE, TRACT (PREVIOUS RECORD CALL.: S. 00° 02' 50" E.) AND THE CENTERLINE OF IOLA AVENUE AS DEDICATED BY -1-1IC PLATS OF REGAL PARK, ACCORDING TO TI IC MAPS OR PLATS TI II:REOF RECORDED IN VOLUAIE 8405, PAGE 286 AND VOLUME 10114, PAGE 58 OF TI IE OFFICIAL. PUBLIC RECORDS Of- LUBBOCK COUNTY, A DISTANCE OF 992.97 FELT -1'0 A PK NAIL. AND WASI11-',R FOUND AT TIME NORTI fEAS'I' CORNER OF —IT IAT CERTAIN TRACI' Ol- LAND CONVEYED TO LUBBOCK LAND INVESTMENTS 1, LP RECORDED IN VOLUME 10469, PAGE 124 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR 11 IC SOUTI IE. AST CORNER OF TI IIS TRACT; TI IENCE N. 880 10' 05" W., ALONG TI Ili NOR n I LINE OF SAID LUBBOCK LAND INVES-I'AIENTS I, LP TR AEI', N1' A DISTANCE OF 32.00 FEET PASS A 1/2" IRON ROD WITH CAP ALIRKED "If. REED & ASSOCS" FOUND, CONTINUING FOR A 'I'OTAI. DISTANCE OF 1118.38 FEET (PREVIOUS RECORD CALL: N. 8V 09' S0" W., 1118.36 1-*Eli'I) T'O A 1/2" IRON ROD WPTI I CAP b1ARKED "1 E. REED & ASSOCS" FOUND FORA CORNER OF TI 1IS TRACT; '111ENCE N. 010 48' 45" E., ALONG A PORTION OF'I11Is NOR'I'11 LINE OF SAID LUBBOCK I.AND INVESTMENTS 1, A DISTANCE: OF 146.21 FRET (PREVIOUS RECORD CALL N. Ol° 48' 13" E., 146.21 FCL''I) T'O A 1/2" IRON ROD WIT'11 CAP MARKED "If. REED & ASSOCS" FOUND FOR A CORNER OF'r IIS'IR10E'; THENCE N. 88° 09' 49" W.. ALONG ME NOW111 LINE OF SAID LUBBOCK LAND INVESTMENTS 1, LP 'TRACT, A DIST':ANCE OF 1468.08 PET.-sT (PREVIOUS RECORD CALI- N 88° 10' 43" W.,1467.86 FEM) TO A 1/2" IRON ROD WTTI I CAP MARKED "STEVENS RPLS 4339" Skl' IN '1TIEi EiAS'I' R1G1I'1'-OF-WAY LINE OF MILWAUKEE AVENUE, AS DESCRIBED IN DEED RECORDLD IN VOLUME 9735, PAGE 349 OF T] IE OFFICIAL PUBLIC RIXORDS Of-' LUBBOCK COUNTY, FOR 111E SOU'll IWFS'I' CORNER OF TI I IS TRACT—, '111ENCE N. 01° 43' 17" f?, ALONG '111E4' EAST RIGHT-OF-WAY LINE Ol: MILWAUKEE AVENUE (PREVIOUS RECORD CALL: N. 0I* 43' S8" E.), :A DISTANCE OF 292.00 FEET" 1'O A 5/8" IRON ROD FOUND AT T EL' SOUTI NVES'l' CORNER Ol- 'TRACT.A, WALAIART SUPLRC:ENIT3R, :AN ADDE'IION TO ME CITY OF LUBBOCK. ACCORDING 1'0 l I IE M AP OR PI. ATTT IL-'REOF RECORDED IN PIeAT ,AND DEDICATION NO, 2006024909 OF TI IL OFFICIAL PUBLIC RECORDS Of- LUBBOCK COUNTY, FOR'I'11I; BIOS[' WESTERLY NOfi11lWf5T' CORNER OF TT EIS TRACT; A- I EXHIBIT A" 'I'I IL•:NCI: S. 880 09' 54" E- ALONG T lF i SOU71I LINE OF SAID 1R\CT .\, A DKI'ANCE OF 915.02 FITT WR13\'IOUS RECORD CM.I: S. 88° IV 10" E-, 914.93 f lili'I)'I'O A 5/8" IRON ROD \1111 I CAP MARKED "DUNAWAY ASSOC. INC" FOUND AT II•IE SOUT TEAS I' CORNER OF SAID TRAM' A AND TFtE SOU'['i l\VE:S"I' CURNLiR OF I.O7' 4B OF SAID SPECI1kA LUBBOCK SOUTI IWistiT, FOR ACORN FR III IS'IR1C7'; 'I'l II:NCE N. 01* 49' 50" 1:,, ALONG 'Il Itd CO\I\ION I.IN1s OF SAID 'IR\C1' A .\ND 1.O'1' 4B, A DI5'I'.\NCI: Ol-'282.59 FEET (PREVIOUS RECORD CALL N. 01* 49' 50" E., 282.78 FliM) TO A 1/2" IRON ROD WI'11I CAP MARKED "SIEVENS RPIS 4339" SUI' AT TI IE \VESI' (:O\I\ION CORNER OF SAID I.U'17S 4A AND 4B FORA CORNER OF TI Its '17L•\CI'; '17IENCIi S 880 IV IV' E., ALONG TI EE COMMON LINK OF SAID LOTS 4A AND 48, A D151'.\NCI: OI- 388.52 1-1:01' (PREVIOUS RECORD CAIJ: S. 88° 10' 10" E., 388.47 I-EI 1) TO A 1/2" IRON ROD WI III CAP MAPLKI:D "SI NENS RPIS 4339" SET AT'Cf it:. HA. 1' COMMON CORNER OF SAID LOTS 4A AND 4B FOR A CORNER OF 11IIS'! 'I IUNCL N. 010 49' 05" I-... ,\LONG 1111" I ASI' I.INE 01: SAID 1.01' 4A (PREVIOUS RECORD CALL: : N. 010 49' 14" U b A DISI'ANCI, OF 271.71 FEET I'O TI IF. POINT' OF 813GINNING. A-2 - a � �� 'mot ; y:� ..� �� a r . •�Ir �-• -- . r �� -- •• `''� Sri r, `.._ - 1. � •A rJNN s71Fac3,i,� 1.Ir r-� - F ti ue WE�• jxf tl1 1 '.. r 7—^ �'I _ AH i�llflLirJ @I i �ft_n> /titiJ��Ik3C i^J '.j _ II City of Lubbock, TX Finance Department Valencia PID Assessment and Service Plan Exhibit B Method of Assessment • Properties will be assessed based on the City's 2018 "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 $0.11/$100 valuation. • All property will be assessed based on the final 2018 "net taxable value". Service Plan Calendar Year^ Property Values* Discounted Property Values « 90% Fiscal Year Revenues Interest Earnings Assessment rQ 50.1 I Total Expense 87th Street Park "Tract A" 1.13 Acres Maintenance of Park 87th Street Median "Tract B" .07 Acres Maintenance of Median Electric Costs Administrative Costs Annual Operation Cost (LCAD Collection Cost and Cost of setting assessments each year) Total Cash Reserve • Property Value growth rate = 2%annually ^ Year that the construction value goes on the tax roll Aetunl Pronosed 2015 2016 2017 2018 2019 2020 2021 2022 Totals S 10,397,559 12,610,947 19,533,361 26,618,598 27,150,970 27,693,989 28,247,869 28,812,827 $ 28,812,827 10,397,559 12,610,947 17,580,025 23,956,738 24,435,873 24,924,590 25,423,082 25,931,544 25,931,544 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Totals S 82 237 130 804 1,223 1,658 2,110 2,578 8,822 12,407 13,911 19,338 26,352 26,879 27,417 27,965 28,525 191,375 $ 12,489 14,148 19,468 27,156 28,102 29,075 30,075 31,103 $ 200,197 330 723 725 800 816 832 849 866 5,945 3,368 3,547 4,200 4,300 4,386 4,474 4,563 4,654 36,830 S 3,697 4,270 4,925 5,100 5,202 5,306 5,412 5,522 S 42,777 $ 17,891 27,769 1 42,312 64,368 87,268 111,038 135,700 161,281 S 161,281 Assessment Information 2010-2020 Assessment per $100,000 87th Street Park "Tract A" Shall include weekly lawn care, weekly cleaning, fertilizer, preemergent, tree trimming, replacement of plants, upkeep of structures, maintenance of irrigation system and ground cover. 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