HomeMy WebLinkAboutResolution - 2022-R0185 - Interlocal Agreement with Lubbock Central Appraisal District - Northwest Passage PIDResolution No. 2022-RO185
Item No. 7.9
April 26, 2022
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute
and on behalf of the City of Lubbock, an Interlocal Agreement for the Collection of Assessme
Levied on Property Within the Northwest Passage Public Improvement District, by and betw
the City of Lubbock and Lubbock Central Appraisal District of Lubbock, Texas, and rele
documents. Said Agreement is attached hereto and incorporated in this resolution as if fully
forth herein and shall be included in the minutes of the City Council.
Passed by the City Council on April 26, 2022
DANIEL M. POPE, MAYOR
ATTEST:
Garza, City
APPROVED AS TO CONTENT:
l
D. lu K,6stelich, Chief Financial Officer
APPROVED AS TO FORM:
r�qlv
KJIIi Leisure, Assistant City Attorney
ccdocs/RES.Interlocal Agreement-LCAD, NWPassage PID
4.4.20
Resolution No. 2022-RO185
INTERLOCAL AGREEMENT FOR THE COLLECTION OF ASSESSMENTS LEVIED
ON PROPERTY WITHIN THE NORTHWEST PASSAGE PUBLIC IMPROVEMENT
DISTRICT
This Interlocal Agreement for the Collection of Assessments Levied on Property Within the
Northwest Passage Public Improvement District (this "Agreement") is made by and between the
City of Lubbock, Texas, a State of Texas Home Rule Municipal Corporation (the "City"), and the
Lubbock Central Appraisal District, (the "LCAD") (each a "Party" and collectively the "Parties"),
for the collection of assessments levied within the Northwest Passage Public Improvement District
of the City of Lubbock (the "PID") pursuant to the authority granted by, and in compliance with,
the provisions of the Interlocal Cooperation Act, Chapter 791 of the Texas Government Code, and
the provisions of Chapter 372 of the Texas Local Government Code (the "Act").
RECITALS
WHEREAS, on September 14, 2021 the City Council of the City (the "Council") passed
Resolution 2021-R0363 according to the Act, and designated the Council as the entity responsible
for the management and provision of services to the PID, with such Resolution attached to this
Agreement as "Exhibit A"; and
WHEREAS, on November 1, 2021, the Council passed Ordinance 2021-00152, approving the
Service Plan for the PID, with such Service Plan attached to this Agreement as "Exhibit B" ; and
WHEREAS, the Council levied assessments for 2022 in accordance with the Service Plan; and
WHEREAS, the Act requires that the Council annually review the Service Plan, prepare and file
a proposed assessment roll with the City Secretary, schedule a public hearing and receive public
comment on the proposed assessments to be levied on the property within the PID, and levy
assessments according to the Service Plan; and
WHEREAS, the Council desires to enter into a contract with LCAD to provide all the services
necessary for the collection of assessments levied by the Council against the property within the
PID and to deposit such assessments with the City for the benefit of the PID; and
WHEREAS, LCAD is able and willing to perform said assessment collection services and desires
to enter into a contract with the City for the collection of assessments levied on property within
the PID; and NOW THEREFORE, the Parties agree as follows:
AGREEMENT
ARTICLE I: RECITALS AND EXHIBITS MADE A PART OF AGREEMENT
The representations, covenants, and recitations set forth in the foregoing Recitals are material to
this Agreement and are hereby incorporated into and made a part of this Agreement as though they
were fully set forth in this Article I. "Exhibits A and B" attached hereto are incorporated into this
Agreement as if fully set forth herein.
City of Lubbock & Lubbock Central Appraisal District — Northwest Passage Pm Assessment Collection Agreement Page 4
ARTICLE II: RESPONSIBILITIES OF LCAD
(a) LCAD, acting by and through its duly authorized officers, does hereby agree to perform all
calculation and collection services on behalf of the PID pursuant to the Act and City Ordinance
2021-00152, and to forward said funds to the City for deposit into a fund designated for
assessments levied on property within the PID (the "PID Fund").
(b) LCAD agrees to identify the properties within the PID liable for assessment and to calculate
the assessment due to the PID based on the City's 2022 net taxable value as determined by
LCAD for each property designated to be assessed under Ordinance 2021-00152.
(c) LCAD will send assessment bills to each affected property owner within the PID prior to
November 15, with such assessment bills due the following January 31.On or before March 1
of each year, and again prior to May 1, LCAD will calculate the amount of assessments
collected from property owners within the PID, and such amount shall be forwarded to the City
for deposit into the PID Fund.
ARTICLE III: RESPONSIBILITIES OF THE CITY
(a) The City shall provide to LCAD the following documents: a certified copy of Ordinance 2021-
00152; a list of the properties within the PID, identified by legal description and appraisal
district account number, designated for assessment under current and future assessment
ordinances; and, the name and phone number of a designated City official to be included on
the annual assessment bill for the purpose of answering questions concerning the assessment
contemplated under this Agreement.
(b) The PID, acting by and through its Board of Directors and the Council, does hereby agree to
pay to LCAD as compensation for services rendered pursuant to this Agreement, for all parcels
within the PID, an amount equal to the cost per parcel for all other cities and independent
school districts as calculated in the AGREEMENT FOR ASSESSMENT AND COLLECTION
OF TAXES between the City and LCAD or one quarter ('/) of one percent (1%) of the annual
collection budget of LCAD, whichever is greater.
(c) The compensation considered in Article III (b) shall be deducted by LCAD from the total
annual PID assessment collected prior to the collected funds being forwarded to the City for
deposit. Such deduction in the total annual amount of annual collected assessment shall include
a notation of the amount deducted and all relative documentation.
ARTICLE IV: COLLECTION OF DELINQUENT ASSESSMENTS
LCAD may contract with any competent attorney to assist in the collection of delinquent
assessments on behalf of the City acting for the PID. The attorney's compensation shall be set in
the contract, but the total amount of compensation provided to the attorney may not exceed the
amount authorized in Section 6.03 of the Texas Property Tax Code. Said compensation shall be a
deduction in the total annual amount of annual collected assessment and shall include a notation
City of Lubbock & Lubbock Central Appraisal District — Northwest Passage PID Assessment Collection Agreement Page 5
of the amount deducted and all relative documentation.
ARTICLE V: TERM
The term of this Agreement shall be for a period of one (1) year, from the date of execution of this
Agreement (the "Term"). The Term may be extended through a writing signed by the Parties that
incorporates identical provisions laid out in this Agreement (an "Extension").
ARTICLE VI: TERMINATION
(a) This Agreement shall not be terminated for convenience by either Party during the Term or
any Extension.
(b) Upon the breach of any of the provisions contained in this Agreement, the non -breaching Party
may terminate this Agreement after giving sixty (60) days written notice to the breaching Party.
(c) In the event of early termination provided for in section (b) of this Article, LCAD shall
immediately forward to the City any and all funds collected before termination in accordance
with Articles II and IV of this agreement.
ARTICLE VII: NOTICE
Whenever notice of any kind is authorized or required to be made under this Agreement, such
notice shall be given by United States registered or certified mail, postage prepaid, return receipt
requested and addressed to the Parties as set out below, or to such other address as may hereafter
be designated:
NORTHWEST PASSAGE PUBLIC IMPROVEMENT DISTRICT LUBBOCK CENTRAL APPRAISAL DISTRICT
CITY OF LUBBOCK
CHIEF APPRAISER, LCAD
P.O. Box 2000
P.O. Box 10542
1314 AVENUE K
2109 AVENUE Q
LUBBOCK, TExAs 79457
LUBBOCK, TExAs 79408
ARTICLE VIII: AMENDMENTS
This Agreement constitutes and expresses the entire arrangement between the Parties and shall not
be amended or modified except by written instruments signed by both Parties.
SIGNATURES
IN WITNESS WHEREOF, the Parties hereby execute this Agreement by their duly authorized
representatives on April 26 , 2022.
City of Lubbock & Lubbock Central Appraisal District — Northwest Passage PID Assessment Collection Agreement Page 6
FOR LCAD:
'�' dl-W
Greg Jones, Chai a
Board of Directors
FOR LCAD:
i7
by McQueen, Secretary
Board of Directors
FOR CITY:
— 1�- --A�
Daniel M. Rtpe, Mayor
ATTEST:
Becky Garza, City Secretal(�
AS TO CONTENT:
D. W16Kastdtich, Chief Financial Officer
AS TO FORM:
elli Leisure, Assistant City Attorney
City of Lubbock & Lubbock Central Appraisal District — Northwest Passage PID Assessment Collection Agreement Page 7
Resolution No. 2021-RO363 EXHIBIT A
Item No. 8.8
September 14, 2021
RESOLUTION
A RESOLUTION OF THE CITY OF LUBBOC& 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 (509,16) 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 (501/6) 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
EXHIBIT A
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 (15t') 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 (15t') 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 (10) 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.
EXHIBIT A
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
EXHIBIT A
(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.
EXHIBIT A
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 day of September , 2021.
ATTEST:
STEVE "A..fA &W s . PRO TEM
Efpff I - A Who
LI
AS TO
Brianna Gerardi, Direkor of business Development
APPROVED AS TO FORM:
6 1 P%-
J, kmt�j
lli Leisure, Assistant City Attorney
EXHIBIT A
EXHIBIT 1
CITY OF LUBEOM
COUNTY OF L MDOM
STATE OFTBXAS
C RTMCA77ON OF SUFFiCUMIT PETITION
I hereby crag►. in the peu fOmiance of die fuwdm of my of hm. that the atmdwd
Pdkkm, from popetty owners toq=sft the City of Lubbock eddAsh a Public
Ieeapr+ t Dbbict (PID) for the Proposed Nm&wmst Passage developamnt, has bees
vaMed and is sufficient. And. that Public Impwvemmt Dietricta can only be irddated by
a pdWm of property owners who and a value test ad an area test, pwmw to Taxes
Local GovemanM Code, Sea 372.005 (b). And, the smamy two to requhvwAm was
met (1) pedtiom is signed by the owners of taxable real properly reprPip d more d=
SO% of the appraised mdue of the taxable real Property liable for matoned by the emmut
roH of the appraisal did dd (Aupst 11, 2021 � in the area known as Northwrost Passage, as
shown on do aetmW map; die petidoners own 10096 of the area witch. the proposed
Northwest PSMV PID; (2) Pcddm must be 9800d by the noord owners of property that
cor wide more dean 50% of the number of record owners or the record owners -of mare
than SO% ofthe area widdn the PID, the petitiereas own 100% of die total area wi dda the
proposed NordmW Passage PID area.
I f ndw co dfy dw I am to Qhy Secreeary of der Chy of Lubbock, drat said
docummaeppeac of record is MY oB[M I bane custody of a dd reooand dmt I
am a hid posaesaor and keepera id have le of cudody of der records in said office.
In whoess whereof I have haaralo set my head mdaffieoed die official seal of
said office the 13di day of Auger. 2021.
(may Sao
EXHIBIT A
of Lubbock
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 bythe Financial Planning and Analysis Department and reviewed
by GIS and Data Services.
EXHIBIT A
EXHIBIT 1
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EXHIBIT A
EXHIBIT 1
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COMPAAIIB$
Jcnte A 2MI
Cheryl Brock
City of Lubbock, 7X
PO Box 2WO
Lubbock, 7 X 79457
RB: Nomtbwast Pale Public Improvement District
Doc Mrs. Brock:
Nordwim Passe is a commercial developmew within the city limits of the City of Lubbock
bound an do west by Frankford Avenue, the Bast by Quaky Avemm and the properties ft000ft
on it, the North by Kew Avenue and the properties homing on US Highway 84, and the South by
the aft noob of Marshall Avenue.
We are proposing ro cmate a Public Improvement District (PID) to mainWa the public
lamprovanents for Nonhwast Passages This IMw addresses the ze mahft petition requirements
from the PID PbUcies and Guidelines.
1. Anwmw o kng-term bacltng and dapport fim dw dewlWr. T1w developer commits
to lonS-term backing and support of the FM through service on the PID Advisory Board,
a proposed contract with the PiWOty for ecquiddon of ca Wn leads committed to
improvements, and payment of PID ate.
2. Prooedremjbr Smnina im ojPM Advisory Board which wN make ris�mnrandattacs w
the Cky Com W on the wowd budget mid *g-lerm plans: The PID Advisory Bond
will be nominated by the property owners in the PID, by area.
3. Befits of do PID to dw cbrted pAVWV owners and aD the CO as a whale.• The PiD
will benOW the dhMd property owaas and the CRY of Lubbock by atwring a well-
maWWWd qui ty mixed -use dmlop ment, creation of and nmointeneoc a ofstorntwo rr
drainege (in comtjum:dm with proposed City iatprovem@uts of storm sewer from Qwdw
Avemme to an amptabb outiali to the north or east, cation of and maiatoance of
groenspw, ad other acceptable PID impravemeots mad mom.
4. D w Qicf"wW iced wldJebt dFa dfstrft Other, than ROW and ant do"
for adUes (and improvements in thomel there aro curtantly no cry -owned properties
within the boundaries of the PID. Rowever, the City has Improvements a�ja = to the
PID, iachtding water try and an IF&I soon.
MW 1600 Broadway St.. Suite 1500 • Lut►boeI . Taxis " 01 • (400) M-3162 • modougel.com Q
E &W�
S. Dr* PID operating b*et Rift estimated oPevft comma, mainomrsm am% od
panes cam AUn dmd as Exhibit D.
6. The Proposed methodof8m"mdl MIS masment will be asseesed per $100 valwdm
(other methods ewAd be per square foot of the pmputy.)
7• of odgpmta dbutlopedeontracwrllabft insr wwe reprdbq
confavedondfimprommm..moo OfftbqUWHWdftWWamh=bm
provided to die city.
8. Stotemwtt dot thePa*Mmrs understand that the muami budlW fior du PM is subject to
mWew by CRY att'and the Lubbock City CoanctL• The property owms that have signed
the sacbed petition ere aware that do wad budges is subjea to review by City swr
sad mast be approved by the LubbockCity Cautei4
Please let us know if there is additimd h&rmatim Cqaired drat has not bem submitted with the
Tetitim
i
E[T,A
PB MON FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE
IMPROVE M1RM TO
NORINWESTPASSAGE
THE STATB OF TEXAS
CITY OF LUBBOCK
TO; THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK:-
3W T� "�'I P to the povisions of
Governmew Code. as wed (dte "A^ request that the City of
Lubbodc create a public imPwvwnt district (the "District") in the territory described In
Eddl it A attached herdo (tie "Land") widdn tie City of Lubbock. Texas (die"CitM and in
support of this petition do Peres would present die folbwinV
.ocai Oo Code, Section 372. In Compliance with the Of of Texas
I
005(b� as dNanaiaed by the current rou of the Lubbock
Cantral AppwhW Dew, the Peddoum constitoe: (i) the owners of tcucable real property
represm�g all of do app oised value of real properly lisMe for apt under dw proposal
drmartbed herein. and (4) the record ov m<s ofUacable red property drat eonstiartes all efdm area
of all taxable real property that is IkWe for usessmad under such proposal.
ewd nature
ofthe proposed public imvFroemepts i$: P) the design, uWm and maim ofpwb and
um pavilions, community fedUtim bridges. walkways, lig W& bmdbM huh reeks
and similar henna located dmrein abng with all nece y gradin& drainage and similar
imffasir wbn involved in die oortsbuction of such parks and grams; landscaping, bwgmqmg and
inWom; tie design. coustwction and mehrteaenee of water featcm such as hakes, pon& and
distinctive kbfiag and sigug cam and improvement of pedestrian rmOs6
passes or pathways irm oft pedestrian b 4dgaa; design, construction and improvement of
vdriarlarWidges and low water crossisW design. lion and Wpovenent of community
moetiog halls or dmilar buildings; design, eon*ucdon and improvement of eo ty
rm . towers, and odcer amenity -type strucun% aoqui�om and hmWhdion of art wotlk;
deak% ra�quisition. instaWm and irnprovemaw of 111l"Ounnunication and similar tedmology
systerms; and special mental servimudeBued in tie Am tom with related I e - - to and
fimm and (u) payment of costs aaso imed with developies and Big due Public
listed in snbSvW= (i) including costs of haft bonds and Amft debt se Mw
aura capitalised brteest reserves for so& ban& and costs of esuMbbbl&Whigum g andoperrrsigg due District. The Dktriat shall Prioritise its apsn&Avw as follows: (i) design,
ccmatructiory mabftmm and financing for diahw imProvprr IN; tier (ii) dedg%
wowm ad � � financing for park
odter� albwable� (� selection, �,
� improvernenta aunt related
.�_ si0000000:
$b A ---haws wswd-P Ift
EEX- Hf81T 1
BrAft
�4. . The proposed bout of die Dispict ere described on
A.
22990-1 An methodology will be pi+epared that
will address (i) bow the costs of the public impr+ovemem financed with the assessawnts are
assessedspina the property in the District, (ii) die anus to be collected each year,
provisions provi for the papaymaht of theassessiments, at the option of the owner of NW
Parcel, (iv) the reaUoamion of the t on the subdivision of a paroel, and (v) won of
the ammmmb for costa ftviNP (phut to the annual reviewofthe service plan fiorthe DbUict)
and repayment of bonds is RW to finance the public improvernes►Ts, Addition t , a will be
g the special I —1111a gto properlw in the District and how die costs ofthe
public impr+ovehrheata are massed to poperty on the basis of dw special benefits, Tito result grin
be that equal shares of the costs will be imposed an pmpmy similarly bust.
In assessing die costs ofdw public improves, properly will be classified based on the
use of the public hwovaents. For exanhple, terrier homes may Smemb man use of the pubic
than erneller homes. Aaoadin,gly, tlrore may be a dessitleation of property an the
basis ofthe arse or type ofbmu that may be built on a pm d. Coats may also be assessed on the
basis of the vahrb of dw property, or on a combination of AN or type of house and value of
property. Property may also be classified on dhe basis of the ration of the property within the
District, ifaonhe sections of the District rasdve more public W proverneats or pubic impror=wgs
of greater coat dran other saaiona of the District.
The "mum" me"bim will pwvd
the public improvenrerhts provided with the its based paying
the i� fair sham of the rececowived
y
special benafits recdved by
the properly * m the public improves and p mty equally situated psft equal shares of
the costs of tie public improvements.
be obbgatod to provide gay Nnds to fm mx the � � will nm
of the proposed pubic inpro will be Pr'oP� P ��� All of the coats
District and from other somwm of funds, if any, "ails* toold by
* of tits pretty wiWith the
developer of the Land,
filakaZ. . To the wont al owed by law, tier City may
contract with either a nonlrofit, or a faWofit cganbation, including a Public Facilities
created by the G"riy puraant to Chapter 303. Texas Local Government Coda to cmM
oct all or a part of the responsibilities of menegmg tie Dishict, including the diw4o-day
Vacuum and adminishadon. of the Disukt.
An advisory bard will be established to develop and
reoomnhen1 an improvm taint plea to the City Combed of the City (the "City COMOU'). Thu pW
Advisory Board will be rwmiMM by the property owners In tie PID, by area, and approved by
the City Council.
This petition will be filed with the City Saxetery in support of the Cation of the District
by the City Coundi as herein provided.
Pipaturem6' parl
Wn IM, hay.fidbelupew. oerha-hero. 2
PRIMONM
NWP MNS Phow4 LLC
a Texas limited liability oompatpr
SkWbre Pgg#fdr MOM
EEXldIBIT 1
THE STATE OF TEXAS
COUNTY OF LUBBOCK
On dds, the day of , 2021, before me, tte undersiped Notary Public,
pub► M c %Md =a NkW McClendon, who dud dwy ave
the sole m1 1a6ers and MOM015 of NW E" I jeek MC, and that dray, in mah capacity,
My au&orind so to da, am tod the forgoing petition fords pugoaea dwein coamined
by Ogdg their names in such capacity.
IN WITNESS WHEREOF. I have hereunto set my had and offie i seas.
OONM CDVM
ltspry Poft Sp" Of T
cam�k1 1041-ml
ro ��se<�
ri*wlvlaapar W Pdp Jfar Peon
E EJ�I i
ZKIMRTA
luLaod
irlBM ANDBOUI+ TIONats�16�t0�-mom �otlooNeed Sao�iaa ii� BloO1c1�
!i Vo�ete • TOW4 bft a polde otd t 727AI 4= toot dem�ed is
476.102•176. OlBdd PGMb RWOWb of LAbook COMWo Teams (OPRIMI said
daod6edaa
Mom
BBMNNDtOata im besrodvsllho f= doadOMWOOR88DAASSOC"sauna Wet line of
dnt 17AQ4oae sheet_ dedbwdoe aadeeotRod is OmmW nk Mbift mbee(C 3"
Coaa�ale Seta of 1of 1933, Nol of 14•?,�{9�,60� g,� Tea�u
otS4S.8 hdfi�omalaoloenadthmdstd�eoCOMM= o a[ SS°lrkaodsoon
kBlook
A amd 8sotion 14, B W&A, Lubbock Coo*$ Tmag
TEM K Sd W14* W, sift dens Son& lbss of said %odor 11 asd dre NO& Hoe oaf add
800tion 6. so= b ft a SwAh la afadd 727.4174ore am adjdU of2SK70 fed %a I/2"
kan ndhmd at dw Soaftwomwotdwps "tpomgoysdto MOM voinVolnme
620Pl, Pie 313, OPK=Od saoeeerafadd 727AI7.an uc4
TAN. 01'43's3" S. aiom8 a lice atsdd 727A17�e Uaot and an Beet lino ofaaid Mosyshra
P OINO at AGO feetPM&ftNoelhAgia}of WIN anOfUNOSM BOW aadendbed ie Vobm
1213, ftp 3iK OPK=, ooao mft f r a toll A t = of 6"A0 feet to a msam feaoe post
toomd at a ommer of said 727AM= tract ad Bee mast Baele* Noe&mA comm of add
ir[osewnpsopm;p
THWM X W13310 W.9 ob" a sm of add MA17.0ars boot snd a NO& Has at said
727 17�eors PROP*a of MOM
oo n � post
hmd at a of said
1 16. 01 °4r44" 8, dM a lase of odd 727AI7-=e basal asd sn Bset lime otsdd lrlosa,o
piepseq► ad the But Hoes cram Ueda deeoe W is Volmse Un p4a 3970 Voinms 41A
Pa e74►aadVobms4L%Pgp740!R%CT,adiWaoeof2014r64Bolo ahmposthad i&
do B"vnotdrt 14.f094ars*wdmu bed in Volamee9KPs8a 1910OPRUC'P, atsa%r
ooemw atmid WAI7-w= tmm4
Tmm8. wl4'3T'B.,sbMaHsoofnM727A17-antMaoddwSoo&RmatnU 14M.*-
aomvwadisleoOs60%21 fbet to lir i=rod WI&MV pkwoo fomdat a omwotasid
727A176aors t im and des BovanK oomw etsdd 14 uu4
TMMN.OIM'"B.,ditaHmot4idWA17-aoceUaataodit&g wafaid 14.'W
shoe smadMon of369A #Wto a law im=d W &@* gkwjW hared at aoaaerofsaid
7274t7�m+etaotandtheldoetbsastooareeofsdd 14`,09�ao[�etsot;
Art
Effi& t
THWON. M4W" W., AUMS a 10 otaid 727A17-saes Ma aid is Noel gn of g id
14ra004aaeeon%at 16$ M betpau dw BWdgk-O&W NOofFn okWAvum (FM25M
nd000"fnVob=l9l2tftp440PRLCr,coadmfthrabWddof 1742.32 %u
loaoomoaopiadlelheathoieWsetgaemaid8eolioaIts ataoaemrotadd727At7.4un m
aaddoNedlin tooraecataid l4.$09�orstaoh
'17 DMDLOl°44't$"8,aloagdw WegdaeotsddSOOd a 11 soda Weatgneetadd727A17-
aoee teat a diabm of 220AS bet % a aoltoa opladb Amd at die Nw&mw aomac dsdd
8eodoa ll aaddioNoe% ooeaeratsdd727A17.m*u@%
TMM 8. $M'OF &pdoo&aNw& bccfseid727.417—+ ftd aadd* Noedegeotald
Seodaa It a diaam 0208026 bet to a 4090NW Od h=d at a ooeaor of aid 727At7.um
Unand d eNuftmoome OHMS -On teaotduaGed k Volume 704% Pie 1706 OMer;
S. 010SSW W.. aloes a lies atsdd 727A17-saes tact aad the Wet lips ofoo Snore
tesoR at SOAO bet pas dee 8oadi do""W des of Kee Bud m delmond b Vdi 1012,
PW5s,opm=,lHmdR hfatotal di9oft of926.74 bet to a 3W bm rod iiamd st gm
SoabvraatoaaaaerotoddSure leaoaand aoomsral'sdd 727A17aoro tn�
TMM
L SMOWE.,alnadaeafmWWA17-aaestmdadd* 8oW6dma[=M5.eses
teat a d dun of 234A f het ao a IM ieoa rod vA& a* O,8 4S79) A nad at die 8oudroeut
oomerotNid S-aors&"Mdaooe otmM727.417-imm nog
THME N. 010S6'W $,, doog des Rest On duM twee sad a Im atodd 727A17—mm
out at 87m bed peas do Soab IW&of-ww an atom last shok oondmdug hr a wd
40M d92M bel le a d0 f@M sail head is tie No& be otodd Sacdaa 11 ad allotth
Has ofOU727A17-aoaetaaotatdo Noebeaet mm d=MS.mm tao4
TM=S.88°06'O RvdomgdwNo6daso mMS@cdoaitaodallodbU ds id727A17-
ac ftm sdleamoe dSt9.6lbettoaomoe�ale=8 Pond his ec eeyr doe
dU.L Icy 84 (Cb* Rao at a Gasser otsdd 727A17-sore d�
1�1� 8.Oi �S7'0$" W., alagg ald Soudrwoeteellr dpi�o9vwg► gee atd a >iae aoreUad adiwaoec un hello a imkmtod vdbcopghwioa) of said 727.417-
'1HWM S. 77°32'31" R, oomdmbS along NM dam, sad a dos afidd 727A17-am twat
adisdooeot283.34bettosamasseso4M o -vArmedw
7MM4MLWIIW*R.00al mftdug aide agr adesofedd727A17-m=twat
afteo d13S3A7betloalfrirooeoda*apmaebe *MMORUDbASSOC* hodin
dw WMd &4twW vm afob Rash, oaaaebdng*o Weatdae otaid 17,4Oemtaot;
laslog to dei d1"m cussedeo96&ddond160724 imrsdvA&c*maed RMplrari�
bmd at
apow, dita pw,
EMAIT P
7MCS S. 30°SS'04" B, andm iqg lion OU d gm a &MM of334A hetto a
11" hmodgnndatapdold
7umm14ZS •ombat a aaneva to dee d^ add
OM '649W
B., a abord di bm at79L76 heaio a l/2" baa mod mia omp mm ftd 4U= RBSD dt1ASSOC'
hudatapdatatuago s
1HBNC8 $.OI°20'OOi" W., ooa aioeag � �{.,ay, � adiet�aoe at i1fQ.93 deer m
a Itr igmmdvftmpmniead'TiI100 RMdt ASSOC' hmdata pdmt atinumodmk-
7SOMM S. 04°11'44" W, oomtiaaiog Ahag Add WW line a diAkm ot2WZ fleet eo a
Who eadwtA wpmmioad"HUGO RBBDA ASSO1.'"Sennd at apdo ofbomd km,.
1 S.OI°Zd'00" W., ooatlnteiagalaag add ti&al=wq Bee adbV=at20fA0 fsa%a
irY k nmdimdatapoW fb eodoe0
71124CB S. 46°3Z'f3" W, omdoatai along Add d&bW&WAW NO a db moe ot4227 fleet to a
lR" iron nod ab6 oep madmd'91U00 RED A ASSOC f=dat a pdw of fooemodm in tin
Noeth dgb"&wwj bo of u dios Skn%
TIMER g6 C14' W., ooadmftalog adddgbi-d-woW an adbjmoe of397.10 halo a
UZ" leas rod vm sap mubd "Hm RBBD & ASSOC' met Sn a point of imKwcdom
7MMC8 L 01*4 146" W., aoodmft do" said dgbt�� SM at SAO deaf poem t s Noob
1bratmldwiwd!'�maoe otd S� t6sPointatHe, 12M popMCX •bobs
ZBmbP
reiadM to dw T=M Coord"SpM of 1983 (2011) Bpod 2010A, Nw&4o'mtal Dblmoowmdaeammac*mu:fok V.S. Sw,my Fast.
1d8'18B ANDBO MB ummuUMM ota230.1baud inBaod=11,Haook3B,
Abmdaot343,andSodba 14, BioatA. Abmtnob 861 ad 1332, Lubbock CoromV. Tamed b fta
paetioa oftbmt727Ai7- m ftadwwftad in Vahzw 1035L Purge 174 091dd PAb RnoWb
otLubbodcCbjww,TmM(OIRLmemdapmeWpm atdnt2a6►144lmftotdnw&Mia Vold
10351, PNe 18% OPM=9 said 230.i2S.aore feast baring >betbae demoeibed as Mom
1m 1'&Mata11 bmrodvA&aep=Aod'?1 MRM&ASSOC'aetkanzwlnaF
that 17AOmn sbwd#&4kW dWhItim"deaodbad kCmoogr Leek PlbNumM (OCPN)
2013013739, CPRLCT, buft a geld 000eBode of N-72MM71, SA2730M T�
Oooedbemts 9) -' m ot19f36rioe IZmo4 TM*poiatbm a MI'41" L adimpmos of
A-3
No Text
EXH1811 1
EXHIBIT A
EXHIBIT A
The Land
et 1(Northwest Onadrant):
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 727A17-acre tract;
THENCE N. 01 °43' 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 727AI7-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 °47'44" E., along aline 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. 88° 14'37" E., along a line of said 727A 17-acre had and the South line of said 14.809-
acre had a distance of 796.21 feet to a 1/2" iron rod with cap (Newton) found at a comer of said
727A17-acre tract and the Southeast comer of said 14.809-acre tract;
THENCE N. 01°43'22" E., along a line of said 727AI7-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 comer of said
727A17-acre tract and the Northeast comer of said 14.809-acre tract;
A-1
tAM15l l L
EXHIBIT A
THENCE N. 88°14'23" W., along a line of said 727A17-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 727AI7-acre tract
and the Northwest corner of said 14.809-acre tract;
THENCE N. 01'44' 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 727AI7-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 727A17-acre
tract and the Northwest corner of that 5-acre tract described in Volume 7040, Page 170, OPRLCT,-
THENCE S. 01°55'34" W., along a line of said 727A17-acre had 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 727A I7-acre tract;
THENCE S. 88°03'33" 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 VT' 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. 01 °56'30" 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 727A I7-acre tract at the Northeast corner of said 5-acre tract;
THENCE S. 88°05'04" 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 727A 17-
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 727A17-acre tract
a distance of 1353.47 feet to a 1/2" iron rod with cap marked "HUGO REED dt 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 lir iron rod with cap marked "HUGO REED & ASSOC" found at
a point of tangency;
A-2
tXMMI I 1
EXHIBIT A
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 32° 18'04", 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 °20'00" 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. 01 °20'00" 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. 0104546" 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.
2
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 V2" 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
tXNllsi I L
EXHIBIT A
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. 01 °48' 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 32'18'04", a chord bearing of N.
14049'02" W., a chord distance of 876.21 feet to a 112" 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°23'25", a chord bearing of N.
08046'22" W., a chord distance of 1076.62 feet to a 112" 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 1479.85 feet, a central angle of 06054'41 ", 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.
25°26'03" E., a chord distance of 238.03 feet to a W" 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. 59011'34" 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
LAM1011 t
EXHIBIT A
ASSOC" found in the East line of said Section 11 and the West line of said Section 14, at a comer
of said 727.417-acre tract
THENCE S. 01045'00" 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 112" iron rod with cap
marked "HUGO REED & ASSOC" set for a comer 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
518" iron rod found at a comer 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 comer of said 727.417-acre tract;
THENCE S. 88008132" E., along a line of said 727.417-acre had a distance of 311.55 feet to a
chain -link fence post found at a comer of said 727.417-acre tract;
THENCE S. 55"08'25" E., along a line of said 727.417-acre had 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 comer of said Tract "A" and the
Southeast comer of this tract;
THENCE N. 89011'41" 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 Onadrant, excluding portion in the North Pointe PIDI:
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
A-5
CAM011 L
EXHIBIT A
coordinate of N-7289731.09, E-926687A6, 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 comer 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 "V
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 30*31'25", a chord bearing of S.13°55'42"
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 30°57'31 ", 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. 88°08'27" 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
tAM R511 1
EXHIBIT A
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. 46*50-02" W., continuing along the North line of said alley a distance of 14.14 feet
to a U2" 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 539.59 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 "MAO" nail with shiner (AMID) found at the Northwest corner 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 comer of Tract W', 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 comer of said 153.864-acre
tract and the Southwest corner of this tract;
THENCE N. 01056' 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 comer 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 had 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. 85°22'29" 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 2011.00 feet to the
Point of Beginning.
A-7
tAMRS11 L
EXHIBIT A
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.
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 had 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 Pn
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
33,356,659
293,493,429
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
Totak^
- -
- 7,503
50,035
457
261,216
3,383
296,429
6,750
338,0931
10,590
953,275
- 7,503
50,035
261,673
299,812
344,8431
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
- 91000
91180
9,364
9,551
479,7421
516,836
- (1,497)
39,357
291,667
581,923
447.029
447,029
Assessment Information for 100,000 home $150.00
f
C:4y d Lubbock
CoU nder Al"
CITY OF LUBBOCK §
COUNTY OF LUBBOCK §
STATE OF TEXAS §
EXH I BI tomes is pcs ORD
'sill ro, Fridi WhWHIY NIC14iO4rfily IN 11111
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 Ordinance No. 2021-00152, 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 8 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 29d day of November, 2021.
(City Sell}
Z&-Z�
Retkcca Garza
City Secretary
City of Lubbock
Lubbock County, State of Texas
First Reading EXHIBIT B Second Reading
October 26, 2021 November 1, 2021
Item No. 8.3 Item No. 6.7
ORDINANCE NO. 2021-00152
AN ORDINANCE ADOPTING A SERVICE PLAN FOR THE NORTHWEST
PASSAGE PUBLIC IMPROVEMENT DISTRICT, WITH SUCH SERVICE PLAN
INCLUDING AN ASSESSMENT PLAN FOR SAID PUBLIC IMPROVEMENT
DISTRICT; ESTABLISHING REASONABLE CLASSIFICATIONS AND
FORMULAS FOR THE APPORTIONMENT OF THE COST BETWEEN THE
CITY OF LUBBOCK, TEXAS AND THE NORTHWEST PASSAGE PUBLIC
IMPROVEMENT DISTRICT, AND THE METHODS OF ASSESSING SPECIAL
BENEFITS FOR VARIOUS CLASSES OF IMPROVEMENTS OF PROPERTY
WITHIN THE NORTHWEST PASSAGE PUBLIC IMPROVEMENT DISTRICT;
APPROVING, ADOPTING, AND FILING WITH THE CITY SECRETARY OF
THE CITY OF LUBBOCK, TEXAS AN ASSESSMENT ROLL FOR THE
NORTHWEST PASSAGE PUBLIC IMPROVEMENT DISTRICT; AND,
LEVYING THE ASSESSMENT FOR THE NORTHWEST PASSAGE PUBLIC
IMPROVEMENT DISTRICT AS A SPECIAL ASSESSMENT, SPECIFYING THE
METHOD OF PAYMENT OF THE ASSESSMENT, AND FIXING CHARGES AND
LIENS AGAINST THE PROPERTY IN THE NORTHWEST PASSAGE PUBLIC
IMPROVEMENT DISTRICT AND AGAINST THE OWNERS OF PROPERTY
WITHIN THE NORTHWEST PASSAGE PUBLIC IMPROVEMENT DISTRICT.
WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") provides the
process by which the City of Lubbock, Texas (the "City") may create a public improvement
district; and
WHEREAS, through Resolution No. 2021-RO363 the City Council of the City (the
"Council") authorized the Northwest Passage Public Improvement District (the "PID");
established the boundaries of the PID; approved the estimated costs, method ofassessment,
and apportionment of costs for the PID; and, created the initial advisory board for the PID;
and
WHEREAS, through Resolution No. 2021-R0413, the Council directed City staff to:
(1) prepare a Service Plan for the PID according to the Act with such Service Plan covering
a period of at least five (5) years, defining the annual indebtedness of the PID,
projecting the costs for improvements in the PID, and including an assessment plan for
the PID;
(2) prepare an assessment roll for the PID that states the assessment against each parcel of
land in the PID, with such proposed assessment roll to be filed with the municipal
secretary and being made available for public inspection;
(3) send and publish notice of a public hearing according to the Act concerning the Service
Plan; and
EXHIBIT B
WHEREAS, City staff has prepared a Service Plan for the PID according to the Act,
prepared an assessment roll for the PID, and has sent and published notice of a public
hearing to be held at five o'clock in the evening (5:00 PM), Tuesday, October 26, 2021, in
the City Council Chambers, 1314 Avenue K, Lubbock, Texas, to consider the proposed
apportionment and assessment for the PID; and
WHEREAS, at the adjournment of the public hearing the Council desires to hear and pass
on any objections to the proposed assessment for the PID and, through this Ordinance, to
establish reasonable classifications and formulas for the apportionment of the costs for the
services and improvements of the PID between the City and the PID, to approve, adopt,
and file with the City Secretary the Service Plan for the PID that includes an assessment
plan and assessment roll for the PID, and to levy an assessment as a special assessment on
the property within the PID; and NOW, THEREFORE;
BE ff ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
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 Council has reviewed the Service Plan for the PID, which is
attached to this Ordinance as "Exhibit 1' , and finds that it: covers a period of at least five
(5) years; defines the annual indebtedness of the PID; estimates the costs for improvements
in the PID; and, includes an assessment plan for the PID.
SECTION 3: THAT the Council hereby finds that the assessment rate provided in the
Service Plan for the PID is feasible and sound and will serve the needs and desires of the
property owners within the PID, and the Council hereby adopts the assessment rate of
fifteen cents ($0.15) per one hundred dollars ($100) of net taxable value for tax year 2022,
as determined by the Lubbock Central Appraisal District, of the property or improvements
to the property located in the PID.
SECTION 4: THAT the Council finds that the assessment plan included in the Service
Plan for the PID provides for the apportionment of the cost of improvements to be assessed
against the property within the PID on the basis of special benefits accruing to the property
within the PID because of the improvements, and the Council hereby establishes the
reasonable classifications and formulas for the apportionment of the costs between the City
and the PID and the methods of assessment of the special benefits for the various classes
Of improvements within the PID as such classifications, formulas, and methods are
provided for in the assessment plan.
SECTION 5: THAT the Council hereby approves, adopts, and files with the City
Secretary the assessment roll that is attached to this Ordinance as "Exhibit 2", with such
assessment roll stating an estimate of the assessment to be levied against the property
within the PID, and with the City Secretary filing the assessment roll in the official records
of the City and being subject to public inspection.
EXHIBIT B
SECTION 6: THAT the Council finds that the assessments should be made and levied
against the property within the PID and against the owners thereof, and that such
assessments are in proportion to the benefits to the property by means of the services and
improvements in the PID for which such assessments are levied, and fiuther 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 Act.
SECTION 7: THAT there is hereby levied and assessed against the parcels of property
within the PID, 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
in the manner described in the assessment plan and assessment roll.
SECTIONS: 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 amnum
established herein, 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; and, with such lien being attached on January I 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;
and, with such lien being perfected on attachment requiring no further action by the
Council.
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, 2023 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 (13) calendar month it is delinquent plus one percent (1%) 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 (12941) of the amount of the delinquent assessment without regard
to the number of months the assessment has been delinquent. A delinquent assessment
continues to incur the penalty provided by this Section as long as the assessment remains
unpaid, regardless of whether a judgment for the delinquent 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.
EXHIBIT B
SECTION 10: THAT all assessments herein 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.
AND IT IS SO ORDERED.
Passed by the City Council on first reading on October 26 , 2021.
Passed by the City Council on second reading on November I I mi.
DANIEL K POPE,
ATTEST:
i211
/ : ►
APPROVED AS TO CONTENT:
APPROVED AS TO FORM:
lli Leisure, Assistant City Attorney
10aa IORa Eo=mk Dm4md - rwdmac PtnW PIo - sww= Phn. Ro* me Levy
EXHIBIT B
<OQ 1w i
Qty of U46oek, YX
Rnance Deparbaent
)Northwest Pomp PID FY 2022.23 Service and anent Plan
Method of Apt
• Properties will be assessed based On the CWs 2022 "net taxable vAW as esmbftdwd by the Lubbock Cenbal Appraisal District and
mUnMed to the City wider Tax Code Section 26.04.
Amnment rate vA be $0.15/$1W valuation.
' All property wip be assessed based on the Anal 2022 "net taxable value".
Service Plan
TUTOW
Property Values• (Taxable)
Discounted Property Values
Number of Homes
FhMW Year Raveraras
1 ton
AMssment 0 $O.1S
TOW
fterlse
Dot Service
Adndnistiative Costs
Annual Operation Coat
llbft%Publk&W*94 CONacrloa Cauta,
►YftWmeeftam%Ate,o a
Awft MOW PTi
Tote!
Call Reserve
'Property Value growth ram s M annually
Assenme wt hNOratatioru for 100A00 home
PROJECFKM
am 2022 2023 aw_ _ 2025 20m6 To"
S.002,669 S.001,669
SA01,669 SA01,669
37.062"
33.356.658
1WA93A29
174,144,086
2 A76.954
197,619AS9
2SOA3%980
225,395,092
25DA38,M
225,396 M
2021,-72 202Z'23
2023.24
2024-2S
2025.26
2026-27
TotsbA
- -
- 7
3S
4S7
16
3,383
6,750
10.S90
9W ,275
7
m
4,000
SA00
4,080
51100
4,162
S,202
4,245
S,366
470.000
4.330
S,412
470.000
20.=
26,020
9AW
91M
9
9
47 742
SIS
39
4471M
447AM
EXHIBIT B
EXHIBIT 1
Serlriae and Asseament Plan Required Attedmient
Sec. 5.014. NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT. (a) A person who
proposes to sell or otherwise convey real property that Is located in a public improvement district established under
Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, shall first give to the
purchaser of the property the [a) written notice prescribed by Subsection (a-2) or (a-2), as applicable.
(a-1) Except for the notice prescribed by Subsection (a-2), the notice required by Subsection (a) shall be
eum ted by the seller and must, except as provided by Subsection (b), read as follows:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality or county
levying assessment), TEXAS CONCERNING THE FOLLOWING PROPERTY
(insert property address)
As the [a) purchaser of the real property described above, you are obligated to pay assessments [an
assessment] to (Insert name of (a) municipality or county, as applicable), Texas, ford* costs of a portion of a public
[an) Improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property
within (Insert name of public improvement district) (the "District") created under (Inert Subchapter A. Chapter 372,
Local Government Code, or Chapter 392, Local Government Code, as applicable).
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS,
WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENTS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE
IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID,
COLLECTION CASTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from (Insert name of municipality or county, as
applicable). The exact amount of each annual installment will be approved each year by (insert name of city council
or county commissloners court, as applicable) In the annual service plan update for the district. More information
about the assessments, Including the amounts and due dates, may be obtained from (insert name of [the]
municipality or county, as applicable).
Your failure to pay any assessment or any annual Installment may result in penalties and Interest being
added to what you owe or in a Ben on and the foreclosure of your property.
The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding
contract for the purchase of the real property at the address described above.
Date:
Signature of Purchaser
(a-2) For a district described by Section 372.003S, Local Government Code, the notice required by
Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality levying
assessment), TEXAS CONCERNING THE FOLLOWING HOTEL PROPERTY
(insert property address)
As the purchaser of the real property described above, you are obligated to pay assessments to (Insert
name of municipality), Texas, for the costs of a portion of a public improvement or services project (the "Authorized
Services") undertaken for the benefit of the property within (Insert name of public Improvement district) (the
"District") created under Subchapter A. Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED SERVICES, WHICH
MUST BE PAID IN FULL WITH EVERY PAYMENT BY THE HOTEL OF LOCAL HOTEL OCCUPANCY TAX REMITTANCES TO
THE MUNICIPALITY. YOUR FAILURE TO PAY THE ASSESSMENT MAY RESULT IN PENALTIES AND INTEREST BEING
ADDED TO WHAT YOU OWE, AND MAY INCLUDE THE PURSUIT OF ANY OTHER REMEDY THAT G AUTHORIZED UNDER
SECTION 372.003S(d), LOB GOVERNMENT CODE.
EXHIBIT B
EXHIBIT 1
2021 Service and Assessment Plan
Information about the calculation of the assessment may be obtained from (Insert name of the
municipality). fie exact assessment rate will be approved each year by (Insert name of city council) In the annual
service plan updateforthe dI Mct. More Information aboutthe assessments, including the assessment rate and due
dates, may be obtained from (Insert name of municipality).
The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding
contract for the purchase of the real property at the address described above.
Date:
Signature of Purchaser
(b) The seller or the municipality or county that created the public Improvement district may provide
additional information regarding the district in the notice prescribed by Subsection (a-1) or (4-2), Including whether
an assessment has been levied, the amount of the assessment, and the payment schedule for assessments.
(c) This section does not apply to a transfer:
(1) under a court order or foreclosure sale;
(2) by a trustee in bankruptcy,
(3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by
a trustor or successor in Interest;
(4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale
conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired
the land by a deed in lieu of foreclosure,
(5) by a fiduciary in the course of the administration of a decedent's estate, guardianship,
conservatorship, or trust;
(6) from one co-owner to another co-owner of an undivided interest In the real property;
(7) to a spouse or a person in the lineal line of consanguinity of the seller,
(8) to or from a governmental entity; or
(9) of only a mineral interest, leasehold interest, or security Interest.
(d) For the purposes of this section, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sate requiring notice
Page -2 -
EXHIBIT B
FJOuw2
Cky of LabboO Tx
Nol dn" st Passage PID ProjeaEed Assemeaa ftD
ROM NWP EB3 PROJECT 0
1500 BROADWAYST STE 1500
BLK JSSEC 11 AS 343 7R A AC:
233.70
1,158,500
•
146"M
1.169,500 $ 1,75L75
WBBOCK,TX 79401
233.7
R66307 NWP EB-S PROJECT UrC
1500BROADWAYST STE L500
BLK A SEC 14 AB 861 TR A OF
206.14
1,030,700
1,030,700
1,030,700 1.546.05
WBBOCK,TX 79401
S/2ACS:206.14
R8t421 NWP EB-S PROJECT LLC
1500 BROADWAYST STE 15M
5601 URSUUNE ST,
BU(JS SEC 6 AB 1492 TR A &
152.61
757J59
757,939
757,939 1436.91
WBBOCK,iX 79401
LUBBOCK, TX 79416
A30F NW/4 AC. L52.606
212485 NWP EB-S PROJECT LLC
15W BROADWAY ST STE 15W
5201 URSULME ST,
BLK JS SEC 6 All 1S16TR B ACS:
154.12
MAD
710AW
770ADO 1.155.90
WBBOCK,TX 794M
LUBBOCK, TX 79416
154.12
R63214 NWP EBd PROJECT LLC
1500 BROADWAY ST STE 1500
5521 N CR =0
BLK JS SEC 11 AB 343 TR B
24L49
LZ73,930
1,273,830
1.273,930 3,910 90
WBBOCK,7X 79401
AC24SA9
992.06
7
EXHIBIT B
FILED AND RECORDED
OFFICIAL PUBLIC RECORDS
Kelly Pinion Ceunt��Y�Clerk
Lubbeok County Qpm
11/02/2021 03: PA
20210618111
Kelly Pir onH &Tung Clerk
904 Broadway, Room 207
Lubbock, TX 79401
P.O. Box 10536
Lubbock, TX 79408
(806) 775-1076
Receipt: 2021-WM
Product Name Extended
ORD ORDINANCE $58.00
Documwit 8 2021056M
Document Info: CITY OF LUBBOCK
10
Total $58.00^
Tender (CREDIT CARD) $58.00
Au1h Code 134123714
Paid By BRANDY BASS 000 CITY OF LUBBOCK WS-775-2105
Commwft ORD - 2021-00152
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HTTP'J/CO.LUBBOCK.TX.US
1112M 3:45 PM OBowlev
First Reading
March 22, 2022
Item No. 8.12
ORDINANCE NO. 2022-00043
Second Reading
April 12, 2022
Item No. 7.20
THE FIRST AMENDED ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF LUBBOCK ADOPTING THE NORTHWEST PASSAGE PUBLIC
IMPROVEMENT DISTRICT (THE -DISTRICT") 2022 AMENDED AND
RESTATED SERVICE AND ASSESSMENT PLAN; REVIEWING
CLASSIFICATIONS FOR THE METHODS OF ASSESSING SPECIAL BENEFITS
FOR THE SERVICES AND IMPROVEMENTS OF PROPERTY IN THE
NORTHWEST PASSAGE PUBLIC IMPROVEMENT DISTRICT; APPROVING,
ADOPTING AND FILING WITH THE CITY SECRETARY THE UPDATED
ASSESSMENT ROLL; CLOSING THE HEARING AND LEVYING 2022
ASSESSMENTS FOR THE COST OF CERTAIN SERVICES AND
IMPROVEMENTS TO BE PROVIDED IN THE DISTRICT DURING FY 2022-23;
FIXING CHARGES AND LIENS AGAINST THE PROPERTY IN THE DISTRICT
AND AGAINST THE OWNERS THEREOF; AND PROVIDING FOR THE
COLLECTION OF THE ASSESSMENT.
WHEREAS, on September 14, 2021, after notice and a public hearing in the manner
required by law, the City Council of the City of Lubbock, Texas (the "City') approved a
resolution authorizing the creation of the Northwest Passage Public Improvement District
(the "District"); and
WHEREAS, on October 26, 2021, after notice and a public hearing conducted in the
manner required by law, the City Council adopted Ordinance No. 2021-00152 (the
"Assessment Ordinance") approving a Service and Assessment Plan (the "Plan') and
Assessment Roll (the "Roll") and the levy of assessments on property in the District.; and
WHEREAS, it is necessary to amend and restate the 2022 Service and Assessment Plan
adopted on October 26, 2021 for the issuance of bonds and update of the Assessment Roll.
The 2022 Amended and Restated Service and Assessment Plan for the District is attached
hereto as "Exhibit A" and incorporated herein; and
WHEREAS, at its regularly scheduled meeting on March 22, 2022, the City Council held
a public hearing to allow interested persons to speak for or against the Amended and
Restated Plan.
WHEREAS, the City Council now desires to amend the Assessment Ordinance and
approve and adopt the 2022 Amended and Restated Service and Assessment Plan and the
updated Roll for the District in conformity with the requirements of the Act.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF LUBBOCK, TEXAS:
SECTION 1: THAT the findings and determinations set forth in the preambles are hereby
incorporated by reference for all purposes.
SECTION 2: THAT the 2022 Amended and Restated Service and Assessment Plan and
updated Assessment Roll attached hereto as "Exhibit A" are hereby approved and adopted.
SECTION 3: THAT the City Council, after review of the Plan, approves the method of
assessing special benefits of services and improvements set forth 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 2022 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 4: THAT the City Council hereby approves, adopts and files with the City
Secretary the Roll. 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 5: THAT the City Council finds that the notice of the City Council's
intention to consider the proposed assessments at a public hearing on March 22, 2022 at
5:00 p.m. in the City Council Chamber,1314 Avenue K, Lubbock, Texas was published
in the official newspaper of the City of Lubbock, Texas before the 10°' 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 6: THAT the City Council finds that City staff mailed to the owners of
property liable for assessment notice of the hearing as the ownership appears on the City
tax roll. The notice contained the information required by the Act. The notice was mailed
before the 10 ' 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 7: 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 8: 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 2022 city net taxable value in the manner described in the
assessment attached hereto in 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 9: 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 10: 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, 2023 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 of the amount of the assessment for
the first calendar month it is delinquent plus one percent for each additional month or
portion of a month the assessment remains unpaid prior to July 1 of the year in which it
becomes delinquent. However, an assessment delinquent on July 1 incurs a total penalty
of twelve percent of the amount of the delinquent assessment without regard to the
number of months the assessment has been delinquent. A delinquent assessment
continues to incur the penalty provided by this section as long as the assessment remains
unpaid, regardless of whether a judgment for the delinquent 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 11: 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 12: THAT the assessments herein levied are made and levied under and by
virtue of the terns powers and provisions of the Act, as amended.
SECTION 13: 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.
SECTION 14: THAT this Ordinance shall take effect upon passage and execution hereof.
AND IT IS SO ORDERED.
Passed by the City Council on first reading on March 22, 2022
Passed by the City Council on second reading on April 12, 2022
DANIEL M. POPE, MAYOR
ATTEST:
Re a Garza, City Sec
APPROVED AS TO CONTENT:
D. Blu Kogfelich, Chief Financial Officer
APPROVED AS TO FORM:
K Ili Leisure, Assistant City Attorney
Ord. Northwest Passage PID A&R SAP 2022
March 22. 2022
Northwest Passage
Public Improvement District
2022 AMENDED & RESTATED SERVICE AND ASSESSMENT PLAN UPDATED FOR THE
ISSUANCE OF BONDS
MARCH 22, 2022
11 City of
Lubbock
� TEXAS
TABLE OF CONTENTS
Tableof Contents..........................................................................................................................................1
Introduction.................................................................................................................................................. 2
SectionI: Definitions..................................................................................................................................... 3
SectionII: The District................................................................................................................................... 7
Section III: Authorized Improvements..............................................................................................................7
SectionN: Service Plan.........................................................................................................................................8
SectionV: Assessment Plan.................................................................................................................................. 8
SectionVI: Terms of the Assessments................................................................................................................10
SectionVII: Assessment Roll............................................................................................................................... 23
Section Vill: Additional Provisions.....................................................................................................................13
Listof Exhibits.............................................................................................................................................15
ExhibitA - District Legal Description..................................................................................................................16
Exhibit B - District Boundary Map.............................................................................................................. 24
ExhibitC- Authorized Improvements.............................................................................................................25
Exhibit D - Service Plan - Five Year Plan............................................................................................................ 26
Exhibit E - Service Plan - Sources and Uses....................................................................................................... 27
ExhibitF -Assessment Roll.................................................................................................................................. 28
ExhibitG - Annual Installments.....................................................................................................................29
Exhibit H - Maximum Assessment per Lot Type................................................................................................ 30
Exhibit I -Allocation of Public Improvement Costs by Section................................................................... 31
ExhibitJ - Estimated Bond Debt Service Schedule............................................................................................. 32
Nordraest Passage PID SAP 1
INTRODUCTION
Capitalized terms used in this 2022 Amended and Restated Service and Assessment Plan (this "2022 AM SAP")
shall have the meanings given to them in Section I unless otherwise defined in this 2022 AM SAP or unless the
context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to
a "Section" or an "Exhibit" shall be a reference to a Section of this 2022 A&R SAP or an Exhibit attached to and
made a part of this 2022 A&R SAP for all purposes.
On September 14, 2021 the City passed and approved Resolution No. 2021-RO363 authorizing the creation
of the District in accordance with the PID Act, which authorization was effective on the date it was
approved as required by the PID Act. The purpose of the District is to finance the Actual Costs of the
Authorized Improvements for the benefit of property within the District. The District contains
approximately 992.06 acres within the corporate limits of the City, as described legally by metes and
bounds on Exhibit A and as depicted by the map on Exhibit B.
On November 1, 2021 the City passed and approved by Ordinance No. 2021-00152 accepting and
approving a service and assessment plan (the "2022 SAP") and Assessment Roll for the District. The 2022
SAP levied Assessments against the Assessed Property within the District and established a lien on such
Assessed Property.
The PID Act requires a service plan covering a period of at least five years and defining the annual
indebtedness and projected cost of the Authorized Improvements. The Service Plan is contained in Section
IV.
The PID Act requires that the Service Plan include an assessment plan that assesses the Actual Costs of
the Authorized Improvements against Assessed Property within the District based on the special benefits
conferred on such property by the Authorized Improvements. The Assessment Plan is contained in Section
V.
The PID Act requires an Assessment Roll that states the Assessment against each Parcel determined by
the method chosen by the City. The Assessment against each Assessed Property must be sufficient to pay
the share of the Actual Costs apportioned to the Assessed Property and cannot exceed the special benefit
conferred on the Assessed Property by the Authorized Improvements. The Assessment Roll Is contained
In Exhibit F.
Pursuant to the PID Act, the 2022 SAP must be reviewed and updated annually. This document Is amending
and restating the 2022 SAP. This 2022 A&R SAP updates the Assessment Roll for 2022 to reflect the issuance of
Bonds.
Northwest Passage PID SAP 2
SECTION I: DEFINITIONS
"2022 SAP" means that service and assessment plan passed and approved on November 1, 2021 by the City
pursuant to Ordinance No. 2021- 00152 that levied Assessments against the Assessed Property within the
District and established a lien on such Assessed Property.
"2022 AM SAP" means this 2022 Amended and Restated Service and Assessment Plan which is the
update to the 2022 SAP and the update relating to the Bonds, as it may be modified, amended,
supplemented, and updated from time to time.
"Actual Costs" means, with respect to the Authorized Improvements, (a) the costs incurred by or on behalf
of Owner for the design, planning, acquisition, installation, construction and/or implementation of such
Authorized Improvement, (b) the costs incurred in preparing the construction plans for such Authorized
Improvement, (c) the fees paid for obtaining permits, licenses or other governmental approvals for such
Authorized Improvement, (d) the costs incurred by or on behalf of the Owner for external professional
costs, such as engineering, geotechnical, surveying, land planning, architectural landscapers, appraisals,
legal, accounting and similar professional services, (e) taxes (property and franchise) related to the
Authorized Improvements that benefit the properties within the boundaries of the District, (f) all labor,
bonds and materials, including equipment and fixtures, incurred by contractors, builders and materialmen
In connection with the acquisition, construction or implementation of the Authorized Improvement, and
(f) all related permitting, zoning and public approval expenses, architectural, engineering, legal and
consulting fees, financing charges, taxes, governmental fees and charges, insurance premiums, and
miscellaneous expenses plus interest, if any, calculated from the respective dates of the expenditures until
the date of reimbursement therefore.
"Additional Interest" means the amount collected by application of the Additional Interest Rate.
"Additional Interest Rate" means the 0.25% additional interest charged on the Assessments securing
Bonds pursuant to Section 372.018 of the PID Act.
"Administrator" means the City or the person or independent firm designated by the City who shall have
the responsibility provided In this 2022 AM SAP, the Indenture, or any other agreement or document
approved by the City related to the duties and responsibility of the administration of the District.
"Annual Collection Costs" mean the actual or budgeted costs and expenses related to the creation and
operation of the District, and the construction, operation, and maintenance of the Authorized
Improvements, including, but not limited to, costs and expenses for. (1) the Administrator and City staff,
(2) legal couruel, engineers, accountants, financial advisors, and other consultants engaged by the City; (3)
Northwest Passage PID SAP 3
calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (4)
preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (5)
paying, and redeeming Bonds; (6) investing or depositing Assessments and Annual Installments; (7) complying
with this 2022 AM SAP and the PID Act with respect to the administration of the District, including continuing
disclosure requirements; and (8) the paying agent/registrar and Trustee in connection with Bonds, including
their respective legal counsel. Annual Collection Costs collected but not expended in any year shall be carried
forward and applied to reduce Annual Collection Costs for subsequent years.
"Annual Installment" means the annual installment payment of an Assessment as calculated by the
Administrator and approved by the City Council, which includes: (1) principal; (2) interest; (3) Annual Collection
Costs; and (4) Additional Interest.
"Annual Service Plan Update" means an update to the 2022 SAP prepared no less frequently than annually by
the Administrator and approved by the City Council.
"Assessed Property" means any Parcel within the District that benefits from the Authorized Improvements and
on which an Assessment is levied as shown on the Assessment Roll and which includes any and all Parcels
within the District other than Non-Benefitted Property.
"Assessment" means an assessment levied against a Parcel and imposed pursuant to an Assessment Ordinance
and the provisions herein, as shown on the Assessment Roil, subject to reallocation upon the subdivision of
such Parcel or reduction according to the provisions herein and in the PID Act.
"Assessment Ordinance" means Ordinance No. 2021-00152 adopted by the City Council on November 1, 2021
in accordance with the PID Act that approved the 2022 SAP and levied an Assessment on Assessed Property
within the District.
"Assessment Plan" means the methodology employed to assess the Actual Costs of the Authorized
Improvements against Assessed Property within the District based on the special benefits conferred on such
property by the Authorized Improvements, more specifically described in Section V.
"Assessment Roll" means the assessment roll for the Assessed Property within the District and included In this
2022 A&R SAP as Exhibit F, as updated, modified, or amended from time to time in accordance with the
procedures set forth herein and in the PID Act, including updates prepared In connection with the issuance of
Bonds or in connection with any Annual Service Plan Update.
"Authorized Improvements" mean improvements authorized by Section 372.003 of the PID Act, including
Public Improvements and District Formation and Bond Issuance Costs.
"City" means the City of Lubbock, Texas.
"City Council" means the governing body of the City.
"County' means Lubbock County, Texas.
Northwest Passage PID SAP 4
"Delinquent Collection Costs" mean, for a Parcel, interest, penalties, and other costs and expenses authorized
by the PID Act that directly or indirectly relate to the collection of delinquent Assessments, delinquent Annual
Installments, or any other delinquent amounts due under this SAP, including costs and expenses to foreclose
liens.
"District" means the approximately 992.06 acres within the corporate limits of the City, as described legally by
metes and bounds on Exhibit A and as depicted by the map on Exhibit B.
"District Formation and Bond Issuance Costs" mean the costs associated with forming the District and issuing
Bonds, including but not limited to attorney fees, financial advisory fees, consultant fees, appraisal fees,
printing costs, publication costs, City costs, capitalized interest, reserve fund requirements, first year's Annual
Collection Costs, underwriter discount, fees charged by the Texas Attorney General, and any other cost or
expense directly associated with the establishment of the District and/or the issuance of Bonds.
"Estimated Buildout Value" means the estimated buildout value of an Assessed Property at the time
Assessments are levied, and shall be determined by the Administrator and confirmed by the City Council by
considering such factors as density, lot size, proximity to amenities, view premiums, location, market
conditions, historical sales, builder contracts, discussions with homebuilders, reports from third party
consultants, or any other information that may impact value.
"Indenture" means an Indenture of Trust entered into in connection with the issuance of Bonds, as amended
or supplemented from time to time, between the City and the Trustee setting forth terms and conditions
related to the Bonds.
"Landowner Agreement" means that certain Landowner Agreement between the City and Owner dated March
22, 2022.
"Lot" means (1) for any portion of the District for which a subdivision plat has been recorded in the official
public records of the County, a tract of land described as a "lot" in such subdivision plat, and (2) for any portion
of the District for which a subdivision plat has not been recorded in the official public records of the County, a
tract of land anticipated to be described as a "lot" in a final recorded subdivision plat as shown on a concept
plan or preliminary plat.
"Lot Type" All lot types at this time are the same with no classifications. Since the assessment is based on $0.15
per $100 valuation it will distribute the assessment fairly between the different sizes and types.
"Maximum Assessment" means the maximum assessment of $0.15 per $100 valuation for each of the lots.
"Non-Benefitted Property" means Parcels within the boundaries of the District that accrue no special benefit
from Authorized improvements as determined by the City Council.
"Owner" means the non -City parties to the landowner Agreement
"ParceIW means a property, within the boundaries of the District, identified by either a tax map identification
number assigned by the Lubbock Central Appraisal District for real property tax purposes, by metes and bounds
description, by lot and block number in a final subdivision plat recorded in the official public records of the
Northwest Passage PID SAP 5
County, or by any other means as determined by the City Council.
"PID Act" means Chapter 372, Texas Local Government Code, as amended
"Bonds" mean those certain "Gty of Lubbock, Texas, Bonds (Northwest Passage Public Improvement District)",
and any other bonds issued In accordance with the PID Act, If applicable, that are secured by Assessments.
"Prepayment" means the payment of all or a portion of an Assessment before the due date thereof. Amounts
received at the time of a Prepayment which represent a payment of principal, Interest, or penalties on a
delinquent installment of Assessment are not to be considered a Prepayment, but rather are to be treated as
a payment of the regularly scheduled Assessment.
"Prepayment Costs" mean interest, Including Additional Interest, and Annual Collection Costs incurred up to
the date of Prepayment.
"Public Improvements" means those Authorized Improvements specifically described in Section III.A.
"Service Plan" covers a period of at least five years and defines the annual indebtedness and projected costs of
the Authorized Improvements, more specifically described in Section IV.
"Trustee" means the trustee (or successor trustee) under an Indenture.
Northwest Passage PID SAP 6
SECTION II: THE DISTRICT
The District includes approximately 992.06 acres within the corporate limits of the City, as described
legally by metes and bounds on Exhibit A and as depicted by the map on Exhibit S. Development of
the District is anticipated to include 4400 single-family homes.
SECTION III: AUTHORIZED IMPROVEMENTS
The City, based on information provided by the Owner and its engineer and review by the City staff,
determined that the Authorized Improvements confer a special benefit on the Assessed Property.
Public Improvements will be designed and constructed in accordance with City standards and will be
owned and operated by the City once accepted unless specifically stated below. The budget for the
Authorized Improvements, as well as the allocation of the Actual Costs of the Authorized
Improvements, is shown on Exhibit C.
A. Public Improvements
■ Drainage
Improvements Including earthen channels, swales, curb and drop inlets, RCP piping and boxes,
headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as all related
earthwork, excavation, and erosion control necessary to provide storm drainage for all Lots in the
District.
■ Soft Costs/Contingency/Project Management
Includes 23% soft costs, contingency and project management fee.
& District Formation and Bond Issuance Costs
■ Debt Service Reserve Requirement
Equals the amount required to fund a reserve under the Indenture in connection with the issuance of
Bonds.
■ Capitalized Interest
Equals the amount of capitalized interest available for payment of interest on Bonds as reflected in
the Indenture.
■ underwriter's Discount
Equals a percentage of the par amount of a particular series of Bonds and includes a fee for
underwriter's counsel.
Nordr*vA Passage PID SAP
■ Cost of Issuance
Costs associated with issuing Bonds, including but not limited to attorney fees, financial advisory
fees, consultant fees, appraisal fees, printing costs, publication costs, City costs, fees charged by
the Texas Attorney General, and any other cost or expense directly associated with the issuance
of Bonds.
■ District Formation
Expenses directly associated with forming the District including 1st year Annual Collection Costs.
SECTION IV: SERVICE PLAN
The PID Act requires the Service Plan to cover a period of at least five years. The Service Plan is required
to define the projected costs and annual indebtedness for the Authorized Improvements undertaken
within the District during the five-year period. The Service Plan shall be updated in each Annual Service
Plan Update. Exhibit D summarizes the Service Plan for the District.
Exhibit E summarizes the sources and uses of funds required to construct certain Authorized
Improvements. Exhibit E will be updated to show the amount required to fund the required reserves and
issue the Bonds at the time the Bonds are issued. The sources and uses of funds shown on Exhibit E shall
be updated in each Annual Service Plan Update.
SECTION V: ASSESSMENT PLAN
The PID Act requires the City to apportion the Actual Costs of the Authorized Improvements to the
Assessed Property based on the special benefit received from the Authorized Improvements. The PID Act
provides that such costs may be apportioned: (1) equally per front foot or square foot, (2) according to
the value of property as determined by the City, with or without regard to improvements constructed on
the property, or (3) in any other manner approved by the City that results in imposing equal shares of such
costs on property similarly benefited. The PID Act further provides that the governing body may establish
by ordinance or order reasonable classifications and formulas for the apportionment of the cost between
the municipality and the area to be assessed and the methods of assessing the special benefits for various
classes of improvements.
This section of this 2022 A&R SAP describes the special benefit received by each Assessed Property within
the District as a result of the Authorized Improvements and provides the basis and justification for the
determination that this special benefit exceeds the amount of the Assessments levied on the Assessed
Property for such Authorized Improvements.
The determination by the City of the assessment methodologies set forth below is the result of the
Northwest Passage PID SAP 8
discretionary exercise by the City Council of its legislative authority and governmental powers and is
conclusive and binding on the Owner and all future owners and developers of the Assessed Property.
A. Assessment Methodology
The City Council, acting in its legislative capacity based on information provided by the Developer and
Its engineer and reviewed by the City staff, has determined that the costs of the Authorized
Improvements shall be allocated to each Parcel based on the Estimated Buildout Value of each Parcel.
Upon subdivision of an Assessed Property, the Actual Costs of the Authorized Improvements shall be
reallocated based on Estimated Buildout Value but assessments will be based on actual taxable value as
further described in Section VI.
B. Assessments
Assessments will be levied on the Assessed Property according to the Assessment Roll, attached hereto
as Exhibit F. The projected Annual Installments are shown on Exhibit G, subject to revisions made during
any Annual Service Plan Update.
C. Findings of Special Benefit
The City Council, acting in its legislative capacity based on information provided by the Owner and its
engineer and reviewed by the City staff, has found and determined:
■ The costs of the Improvements equals $41,775,434 as shown on Exhibit C, and
■ The Assessed Property receives special benefit equal to or greater than the Improvements; and
■ The Assessed Property was allocated 10096 of the Assessments levied for the Authorized
Improvements, which equals $14,732,013 (Principal and Interest only) as shown on Exhibit M; and
■ The special benefit ($41,775,434) received by the Assessed Property from the Improvements is
greater than the amount of Assessments ($14,732,013) levied on the Assessed Property for the
Improvements; and
■ At the time the City Council approved the Assessment Ordinance, the Owner owned 100% of the
Parcels. In the Landowner Agreement with the City, the Owner acknowledged that the Authorized
Improvements confer a special benefit on the Assessed Property and consented to the imposition of
the Assessments to pay for the Actual Costs associated therewith. The Owner ratified, confirmed,
accepted, agreed to, and approved (1) the determinations and findings by the City Council as to the
special benefits described herein and in the Assessment Ordinance, (2) the 2022 SAP and the
Assessment Ordinance, and (3) the levying of the Assessments on the Assessed Property.
Annual Collection Costs
The Annual Collection Costs shall be paid for on a pro rata basis by each Assessed Property based on
the amount of outstanding Assessment remaining on the Assessed Property. The Annual Collection
Costs shall be collected as part of and in the same manner as Annual Installments in the amounts
shown on the Assessment Roll, which may be revised based on Actual Costs incurred in Annual
Service Plan Updates.
Northwest Passage PID SAP 9
D. Additional Interest
The Interest rate on Assessments levied on the Assessed Property may exceed the interest rate on
the Bonds by the Additional Interest Rate. Additional Interest shall be collected as part of each Annual
Installment and shall be deposited pursuant to the Indenture.
SECTION VI: TERMS Of THE ASSESSMENTS
A. Reallocation of Assessments
1. Upon Division Prior to Recording of Subdivision Plat or Upon Subdivision by a Recorded Subdivision
Plat
Upon the division of any Assessed Property (without the recording of subdivision plat), the
Administrator shall reallocate the Assessment for the Assessed Property prior to the division
among the newly divided Assessed Properties according to the following formula:
A=Bx(C-D)
Where the terms have the following meanings:
A = the Assessment for the newly divided Assessed Property
B = the Assessment for the Assessed Property prior to division
C = the Estimated Buildout Value of the newly divided Assessed Property
D = the sum of the Estimated Buildout Value for all the newly divided Assessed Properties
The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for
the Assessed Property prior to subdivision. The calculation shall be made separately for each newly
divided Assessed Property. The reallocation of an Assessment for an Assessed Property that Is a
homestead under Texas law may not exceed the Assessment prior to the reallocation. Any reallocation
pursuant to this section shall be reflected in the next Annual Service Plan Update and update to this
Service and approved by the City Council.
Z Upon Consolidation
If two or more Lots or Parcels are consolidated, the Administrator shall allocate the Assessments
against the Lots or Parcels before the consolidation to the consolidated Lot or Parcel, which allocation
shall be approved by the City Council in the next Annual Service Plan Update.
The Assessment for any resulting Lot will not exceed the Maximum Assessment, shown on Exhibit H, and
compliance may require a mandatory prepayment of Assessments pursuant to Section VI.B.
B. True -up of Assessments if Maximum Assessment Exceeded
If the subdivision of any Assessed Property by a final subdivision plat causes the Assessment per Lot for
any Lot Type to exceed the Maximum Assessment, the owner of Assessed Property requesting the
Northwest Passage PID SAP 10
subdivision must prepay the portion of the Assessment for each Assessed Property that exceeds the
Maximum Assessment In an amount sufficient to reduce the Assessment to the Maximum Assessment.
C. Mandatory Prepayment of Assessments
If Assessed Property is transferred to a person or entity that is exempt from payment of the Assessments,
the owner transferring the Assessed Property shall pay to the City or the Administrator on behalf of the
City the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection
Costs, if any, for such Assessed Property, prior to the transfer. If the owner of the Assessed Property causes
the Assessed Property to become Non-Benefitted Property, the owner causing the change in status shall
pay the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection
Costs, If any, prior to the change in status.
D. Reduction of Assessments
If as a result of cost savings or Authorized Improvements not being constructed, the Actual Costs of
completed Authorized Improvements are less than the Assessments, (1) in the event Bonds are not issued,
the City Council shall reduce each Assessment on a pro-rata basis such that the sum of the resulting
reduced Assessments for all Assessed Property equals the reduced Actual Costs, or (H) in the event Bonds
are issued, the Trustee shall apply amounts on deposit in the applicable account of the Project Fund,
relating to the Bonds, that are not expected to be used for purposes of the Project Fund to redeem
outstanding Bonds, in accordance with the applicable Indenture.
The Assessments shall not, however, be reduced to an amount less than the outstanding Bonds.
The Administrator shall update (and submit to the City Council for review and approval as part of the next
Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments, as shown on
Exhibits F, and G, to reflect the reduced Assessments.
E. Prepayment of Assessments
The owner of the Assessed Property may pay, at any time, all or any part of an Assessment in accordance
with the PID Act. Interest costs from the date of prepayment to the date of redemption of the applicable
Bonds, if any, may be paid from a reserve established under the applicable Indenture. If an Annual
Installment has been billed prior to the Prepayment, the Annual Installment shall be due and payable and
shall be credited against the Prepayment.
If an Assessment is pre -paid in full, with Prepayment Costs: (1) the Administrator shall cause the
Assessment to be reduced to zero and the Assessment Roll to be revised accordingly, (2) the Administrator
shall cause the revised Assessment Roll to be approved by the City Council as part of the next Annual
Service Plan Update; and (3) the obligation to pay the Assessment and corresponding Annual Installments
shall terminate.
If an Assessment is pre -paid in part, with Prepayment Costs: (1) the Administrator shall cause the
Assessment to be reduced and the Assessment Roll revised accordingly, (2) the Administrator shall cause
the revised Assessment Roll to be approved by the City Coundl as part of the next Annual Service Plan
Update; and (3) the obligation to pay the Assessment and corresponding Annual Installments shall be
reduced to the extent of the Prepayment made.
F. Prepayment as a result of Eminent Domain Proceeding or Taking
Northwest Passage PID SAP 31
If any portion of any Parcel of Assessed Property is taken from an owner as a result of eminent domain
proceedings or if a transfer of any portion of any Parcel of Assessed Property is made to an entity with the
authority to condemn all or a portion of the Assessed Property in lieu of or as a part of an eminent domain
proceeding (a "Taking"), the portion of the Assessed Property that was taken or transferred (the "Taken
Property") shall be reclassified as Non-Benefitted Property.
For the Assessed Property that is subject to the Taking as described in the preceding paragraph, the
Assessment that was levied against the Assessed Property (when it was included in the Taken Property)
prior to the Taking shall remain in force against the remaining Assessed Property (the Assessed Property
less the Taken Property), (the "Remaining Property") following the reclassification of the Taken Property
as Non-Benefitted Property, subject to an adjustment of the Assessment applicable to the Remaining
Property after any required Prepayment as set forth below. The owner will remain liable to pay in Annual
Installments, or payable as otherwise provided by this Service and Assessment Plan, as updated, or the
PID Act, the Assessment that remains due on the Remaining Property, subject to an adjustment in the
Annual Installments applicable to the Remaining Property after any required Prepayment as set forth
below. Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property
exceeds the Maximum Assessment, the owner will be required to make a Prepayment in an amount
necessary to ensure that the Assessment against the Remaining Property does not exceed the Maximum
Assessment, in which case the Assessment and Annual Installments applicable to the Remaining Property
will be reduced by the amount of the partial Prepayment. In all instances the Assessment remaining on
the Remaining Property shall not exceed the Maximum Assessment.
By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100 Assessment and
10 acres is taken through a Taking, the 10 acres of Taken Property shall be reclassified as Non-Benefitted
Property and the remaining 90 acres of Remaining Property shall be subject to the $100 Assessment,
(provided that this $100 Assessment does not exceed the Maximum Assessment on the Remaining
Property). If the Administrator determines that the $100 Assessment reallocated to the Remaining
Property would exceed the Maximum Assessment on the Remaining Property by $10, then the owner
shall be required to pay $10 as a Prepayment of the Assessment against the Remaining Property and the
Assessment on the Remaining Property shall be adjusted to be $90 and the Annual Installments adjusted
accordingly.
Notwithstanding the previous paragraphs in this subsection (F), the Assessments shall not, however, be
reduced to an amount less than the outstanding Bonds.
G. Payment of Assessment in Annual Installments
Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit G shows the
projected Annual Installments for the District. Annual Installments are subject to adjustment in each
Annual Service Plan Update.
The Administrator shall prepare and submit to the City Council for its review and approval an Annual
Service Plan Update to allow for the billing and collection of Annual installments. Each Annual Service Plan
Update shall include updated Assessment Rolls and updated calculations of Annual Installments. Annual
Collection Costs shall be allocated pro rata among Assessed Properties for which the Assessments remain
unpaid in proportion to the amount of the Annual Installments for the Assessed Property. Annual
Installments shall be collected by the City in the same manner and at the same time as ad valorem taxes.
Annual Installments shall be subject to the penalties, procedures, and foreclosure sale in case of
Northwest Passage PID SAP 12
delinquencies as set forth in the PID Act and in the same manner as ad valorem taxes for the City. The
City Council may provide for other means of collecting Annual Installments. Assessments shall have
the lien priority specified in the PID Act.
Sales of the Assessed Property for nonpayment of Annual Installments shall be subject to the lien for
the remaining unpaid Annual Installments against the Assessed Property, and the Assessed Property
may again be sold at a judicial foreclosure sale if the purchaser falls to timely pay the Annual
Installments as they become due and payable.
The City reserves the right to refund Bonds in accordance with the PID Act. In the event of a refunding,
the Administrator shall recalculate the Annual Installments so that total Annual Installments will be
sufficient to pay the refunding bonds, and the refunding bonds shall constitute "Bonds."
Each Annual Installment of an Assessment, including interest on the unpaid principal of the
Assessment, shall be updated annually. Each Annual Installment shall be due when billed and shall
be delinquent if not paid prior to February 1 of the following year. Failure of an owner of Assessed
Property to receive an invoice for an Annual Installment on the property tax bill or otherwise shall
not relieve the owner of Assessed Property of the obligation to pay the Assessment. Assessments, or
Annual Installments thereof, that are delinquent shall incur Delinquent Collection Costs.
SECTION VII: ASSESSMENT ROLL
The Assessment Roll is attached as Exhibit F. The Administrator shall prepare and submit to the City
Council for review and approval, proposed revisions to the Assessment Roll and Annual Installments for
each Parcel within the Assessed Property as part of each Annual Service Plan Update.
SECTION VIII: ADDITIONAL PROVISIONS
A. Calculation Errors
If the owner of an Assessed Property claims that an error has been made in any calculation
required by this 2022 A&R SAP, including, but not limited to, any calculation made as part of any
Annual Service Plan Update, the sole and exclusive remedy of the owner of Assessed Property
shall be to submit a written notice of error to the Administrator by December of each year
following City Council approval of the calculation; otherwise, the owner shall be deemed to have
unconditionally approved and accepted the calculation. Upon receipt of a written notice of error
from an owner the Administrator shall provide a written response to the City Council and the
owner within 30 days of such referral. The City Council shall consider the owner's notice of error
and the Administrator's response at a public meeting, and within 30 days after adjourning such
meeting, the City Council shall make a final determination as to whether an error has been made. If the
Northwest Passage PID SAP 13
City Council determines that an error has been made, the City Council shall take such corrective action as
Is authorized by the PID Act, this 2022 AM SAP, the applicable Assessment Ordinance, or the applicable
Indenture, or is otherwise authorized by the discretionary power of the City council. The determination
by the City Council as to whether an error has been made, and any corrective action taken by the City
Council, shall be final and binding on the owner and the Administrator.
B. Amendments
Amendments to this 2022 A&R SAP must be made by the City Council in accordance with the PID Act. To
the extent permitted by the PID Act, this 2022 A&R SAP may be amended without notice to
owners of the Assessed Property: (1) to correct mistakes and clerical errors, (2) to clarify
ambiguities, and (3) to provide procedures to collect Assessments, Annual Installments, and
other charges imposed by this 2022 AM SAP.
C. Administration and Interpretation
The Administrator shall: (1) perform the obligations of the Administrator as set forth in this 2022 AM SAP;
(2) administer the District for and on behalf of and at the direction of the City Council; and (3)
Interpret the provisions of this 2022 AM SAP. Interpretations of this 2022 AM SAP by the
Administrator shall be in writing and shall be appealable to the City Council by owners of
Assessed Property adversely affected by the interpretation.
Appeals shall be decided by the City Council after providing an opportunity for all interested
parties to be heard at a public meeting of the City Council. Decisions by the City Council shall be
final and binding on the owners and developers and their successors and assigns.
D. Severability
If any provision of this 2022 AM SAP is determined by a governmental agency or court to be
unenforceable, the unenforceable provision shall be deleted and, to the maximum extent
possible, shall be rewritten to be enforceable. Every effort shall be made to enforce the
remaining provisions.
Northwest Passage PID SAP 14
LIST OF EXHIBITS
Exhibit A District Legal Description District
Exhibit B Boundary Map
Exhibit C Authorized Improvements
Exhibit D Service Plan - Five Year Plan
Exhibit E Service Plan - Sources and Uses
Exhibit F Assessment Roll
Exhibit G Estimated Annual Installments
Exhibit N Maximum Assessment per Lot Type
Exhibit I Estimated Allocation of Public Improvement Costs by Tract
Exhibit J Estimated Debt Service Schedule
Northwest Passage PID SAP it
EXHIBIT A- DISTRICT LEGAL DESCRIPTION
Tract 1(Northwest Quadrant):
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
comer 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 727A17-acre tract a distance of 2580.70 feet to a 1/2" iron rod found at the
Southeast comer of that property conveyed to Elizabeth Montalvo in Volume 6202, Page 313, OPRLCT and
a comer of said 727.417-acre tract;
THENCE N. 01043'S3" E., along a line of said 727A17-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 comer of said
727A17-acre tract and the most Easterly Northeast comer 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 2204.98 feet to a metal fence post found at a comer of said 727A17-acre tract and an "ell"
comer of said Montalvo property;
THENCEN. 01047'44" 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. 88°14'37" E., along a line of said 727A17-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 comer of said 727A17-acre tract
and the Southeast comer of said 14.809-acre tract,
THENCE N. 01043'22" 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 comer of said 727A17-acre tract
and the Northeast comer of said 14.809-acre tract;
A-1
Nordrvvest Passage PID SAP 16
THENCE N. 88914'23" 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 comer of said 727.417-acre tract and the Northwest comer of said 14.809-acre tract;
THENCE N. 01044'18" 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 comer of said Section 11
and the Northwest comer 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 comer of said 727.417-acre tract and the Northwest
comer of that 5-acre tract described in Volume 7040, Page 170, OPRLCT;
THENCE S. 01055'34" 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 comer of said 5-
acre tract and a comer 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 S-acre tract
a distance of 234.68 feet to a 1/2" iron rod with cap (RPLS 4579) found at the Southeast comer of said
5-acre tract and a comer 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 comer 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 comer of said 727.417-acre tract;
THENCE S. 01°S7'08" 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. 77'32'31" 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 61023'03", a chord bearing of S. 00016'32" 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
Northwest Passage PID SAP 17
THENCE S. 30058'04" E., continuing along said right-of-way line a distance of 534.62 feet to a
212" 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 ofl425.00 feet, a central angle of 32°18'04", a chord bearing of 5.14°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°20'00" 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. 04°11'44" W., continuing along said right-of-way line a distance of 200.25 feet to a
112" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE S. 01°20'00" W., continuing along said right-of-way line a distance of 208.00 feet to a
112" iron rod found at a point of intersection;
THENCE S. 46°3253" W., continuing along said right-of-way line a distance of 42.27 feet to a 112" 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°4546" 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 2213, 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 Quadrant):
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 283, 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°1141" E. a distance of476.10 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;
A-3
Northwest Passage PID SAP is
THENCE N. 01*48' 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 112" 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. 85°19'S6" 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. 88°31'41" W., continuing along said right-of-way line a distance of 208.00 feet to a 112" 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. 01°20'00" E., along said right-of-way line a distance of 2580.17 feet to a 112" 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. 14°49'02" W., a
chord distance of 876.21 feet to a 112" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of tangency;
THENCE N. 30°58'04" 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°23'25", a chord bearing of N. 08046'22" W., a
chord distance of 1076.62 feet to a 2/2" 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 0605441", a chord bearing. of N. 20*13 '30" E., a
chord distance of 178.28 feet to a 112" 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 09038'59", a chord bearing of N. 25°26'03" 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
Northwest Passage PID SAP 19
ASSOC" found in the East line of said Section 11 and the West line of said Section 14, at a comer of said
727.417-acre tract
THENCE S. 01045'00" 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 112" iron rod with cap marked "HUGO REED
& ASSOC" set for a comer of said 727.417-acre tract,
THENCE S. 88°11'29" 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 comer 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 112" iron pipe
found at a comer of said 727.417-acre tract;
THENCE S. 88°08'32" 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. 55°08'25" E., along a line of said 727.417-acre tract a distance of 3142.70 feet to a 112" 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 59159
feet to a 112" 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 comer of said Tract "A" and the Southeast comer 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 Quadrant, 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 (OPRLCD, 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 112" 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
A-5
Northwest Passage PID SAP 20
coordinate of N-7289731.09, E-926687.46, Texas Coordinate System of 1983, North-Central Zone, which
point bears N. 88014'14" W. a distance of 140.88 feet and S. 01°4S46" W. a distance of 65.00 feet from a
broken nail found at the common comer of Sections 11, 6, and S, 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. 01°20'00" W., along said West right-of-way line a distance of S74.41 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 30031'25", a chord bearing of S.13°55'42" 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. 29"11'25" 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 30°57'31", 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. 01°46'06" 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. 88°08'27" 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 & AMC" set for a point of intersection;
THENCE N. 43°08'27" 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. 88°08'27" 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. 46°51'33" 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. 88°08'27" 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'S8" 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 & ASSOCV set for a point of intersection,
A-6
Northwest Passage PID SAP 21
THENCE N. 43°09158" W., continuing along the North line of said alley a distance of 24.14 feet to a point of
intersection;
THENCE N. 88009'S8" W., continuing along the North line of said alley a distance of 52.00 feet to a point of
intersection
THENCE S. 46°50'02" 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. 88°09'S8" 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 192-290 and Tracts C
and D, Lynnwood Addition to the City of Lubbock as recorded in Volume 9847, Page 139, OPRLCT;
THENCE N. 01-36'04" 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 comer 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 "MAG" 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 comer of said 153.864-acre tract;
THENCE N. 88*05'46" 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 comer 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 comer of said 153.864-acre tract and the Southwest comer 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 comer of this tract;
THENCE S. 88"14'14" 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 160319-acre tract, continuing for a total distance of 4671.95 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOV set for a point of intersection;
THENCE S. 85022'29" E.J. 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. 88°14' 14" E., continuing along said right -of --way line a distance of 208.00 feet to the Point of
Beginning.
A-7
Northwest Passage PID SAP 22
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 S 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.)
Hordw t Passage PID SAP 23
EXHIBIT B - BOUNDARY MAP
Northwest Passage PID SAP 24
EXHIBITC—AUTHORIZED IMPROVEMENTS
Drainage (Includes Soft Costs,
Contini[encv and Proiect Man,
I D3sdld fonmation and Bond /ssuonce Costs
Debt Service Reserve Fund
_Capitalized Interest _
_ Underwriter Discount _
Cost of Issuance _
200,000---1 200,000
--.---- — - -- 250,000 �- - - i 25Q000
450,0001 i 450,000
41,27S,434 I 25.28% n,435,000
Eoomotes:
131 Casts albcatrd based on estimated buUdout value, we Exhibit M for calculation of allocation percentages.
These are estimates ordy. They will change.
Northwest Passage PID SAP 25
EXHIBIT D - SERVICE PLAN - FIVE YEAR PLAN
Fiscal Year FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 202&2M
Annual Installments Due 3 23 1 3 2024 1/3 2025 1/3 2026 1/3 202k2-O-2-8Princi
al
$ _
_
_
00
Interest
_
_
-
Total Debt Service
_
733,965
Annual Collection Costs
8,647
20,000
20,400
20,808
21,224
21,649
Additional Reserve
-
232,385
513,997
804,152
956,521
379,553
Total Annual Installment
$ 8,647
252,385
534,397
824,960
977,745
1,135,168
Future years are estimates only.
Northwest Passage PID SAP 26
EXHIBIT E - SERVICE PLAN - SOURCES AND USES
SOURCES
Bond Par (b)
Premium
Owner Contribution (a)
TOTAL SOURCES
IMPROVEMENT
Improvement Project
Costs of Issuance
Underwriters Discount
Capitalized Interest
Reserve Fund
TOTAL USES
(a) Non -reimbursable to Owner
$ 20,435,000
30,840,434
$ 41,275,434
$ 40,825,434
250,000
200,000
$ 41,275,434
(b) The Owner is only entitled to reimbursement for the Actual Costs of
the Authorized Improvements in an amount equal to $10,435,000
The above are estimates only.
SUMMERLYN WEST 2020 A&R SAP 27
EXHIBIT F -ASSESSMENT ROLL
Tax Ref
ID No.
R342383 1
ValLie
3,289
Percent Principal
0.1% -
AnnUal Additional
Interest Collection Cost Interest
5 -
Installment
5
R343734
179,767
3.1% -
- 270 -
270
R343735
1,126,310
19.5%
1,689 -
1,689
R63099
1,168,500
20.3% -
- 1,753 -
1,753
R63214
1,273,930
22.1% -
1,911 -
1,911
R66307
1,030,700
17.9% -
1,546 -
1,546
R82421
211,744
3.7%
318 -
328
R82485
770,600
13.4% -
- 1,156 -
1,156
5,764,840
100% -
8,647 -
8,647
SUMMERLYN WEST 2020 A&R SAP 28
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
365,000
380,000
390,000
410,000
420,000
435,000
455,000
470,000
485,000
505,000
520,000
540,000
560,000
580,000
600,000
620,000
640,000
665,000
685,000
EXHIBIT G - ANNUAL INSTALLMENTS
368,965
355,966
342,507
328,572
314,145
299,208
283,742
267,730
251,152
233,987
216,215
197,815
178,765
159,041
138,619
117,475
95,584
72,919
49,452
8,647
20,000
20,400
20,808
21,224
21,649
22,082
22,523
22,974
23,433
23,902
24,380
24,867
25,365
25,872
26,390
26,917
27,456
28,005
28,565
29,136
29,719
30,313
30,920
232,385
513,997
804,152
956,521
379,553
500,627
611,050
632,125
664,335
682,112
695,825
715,446
736,071
752,735
775,415
794,208
815,287
141,544
166,269
(14,101)
5,475
21,594
44,256
8,647
252,385
534,397
824,960
977,745
1,135,166
1,258,674
1,366,081
1,393,671
1,421,913
1,440,222
1,458,947
1,478,044
1,497,588
1,517,594
1,538,019
1,558,941
1,S81,508
9081589
933,453
752,521
770,778
789,826
809,628
L 1U,435,UUU 4,297,013 617,084 11,690,467 27.039.565
(a) Interest is calculated at the rate of the Bonds.
(bl Annual Collection Costs estimated to escalate 2.00% annually.
Note: The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes In Annual
Collection Cosh reserve fund requirements. Interest earnings, or other available offsets could Increase or decrease the amounts
shown.
NORTH Y EST PASSAGE PID2=A&RSAP 29
EXHIBIT H - MAXIMUM ASSESSMENT PER LOT TYPE
WMTW I M PASSAGE A3R SAP 30
EXHIBIT I - ALLOCATION OF PUBLIC IMPROVEMENT COSTS
Kesiaemiai
Tract 1
- Tom?
4,4001
_ 9 ii
�-(466t- -
293,867 1,293,014,o01 I
2,5815,028111
137,059,484� i
100.0% $
0.2%
1o.6%
3,348.18
1,473.20
78,079`67
$ 14,732A33.06
29,464.03
i,561,593 38
Tract 3
- - - 22 '- .
_
-- _ 6,4%,070 1 I _
rt---
0.5%
3,683 00
73,660.07
— Tract 4
--- --_- 1034 - -
-- _- 303,858-290290
23 5%f
173,10L15
3,462,023.07
- Tract 5
Tract 6
' 1.0971 ----
I 319,374,4581 I
------_267.653,89v3—
24.7%
--20.7%
—
181,94a36
3,638,807.23
-1----- 911 --------------
_
152,476.34
3,049,526670
- - Tract 7
Tract 8
189
682 1- -
i 55,599,602 !
- - - -T - -
4�
31,673 83
633,476.56
200 417170
15
12-4,173.10
2 2M 462 02
• Assessment is $0.15 per $100 valuation so each lot will have a different assessment based on value. The assessment rate could
be lower in later years.
This is a projection and can change each yearwhen the Service and Assessment Plan is updated. The total estimated assessment
is based on 20years and an average amount for each lot. The actual will be different.
NORTHNIEW PASSAGE A&R SAP 31
EXHIBIT J - BOND DEBT SERVICE SCHEDULE
TAX & WW SYSTFMSI3ltPLLB RLV CO BDS, Series 2027
Dated Date: TOD
$10,435,000A0
NORTHWEST PASSA(EPID
FISCAL TOTAL
YEAR PRINCIPAL IIVTFREST R_BQURE ENTS
2027-29
365,000.00
368,964.54
733,964.54
2028-29
390,000.00
355,965.53
735,965.53
2029-30
390,000.00
342,506.99
732,506.89
2030-31
41Q000.00
328,572.38
738,572.38
2031-32
420,000.00
314,145.17
734,145.17
2032-33
435,000.00
299,207.83
734,207.83
2033-34
455,000.00
283,742.34
738,742.34
2034-35
470,000.00
267,730.01
737,730.01
2035-36
485,000.00
251,151.51
736,151.51
2036-37
505,000.00
233,986.82
738,986.82
2037 38
520,000.00
216,215.22
736,215.22
2038-39
540,000.00
197,815.24
737,815.24
2039-40
360,000.00
173,764.67
738,764.67
2040641
580,000.00
159,040.50
739,040.50
2041-42
600,000.00
13018.92
738,618.92
2042-43
620,000.00
117,475.26
737,475.26
2043-44
640,000.00
95,594.00
735,584.00
2044-45
665,00000
72,918.70
737,91&70
2045-46
685,000.00
49,451.99
734,451.99
2046.47
71%000.00
25,155.54
735,155.54
$
10,435,000.00 S
4,297,013.06 S
14,732,013.06
This is an estimated debt schedule only. It will change once debt has been issued.
NORTNWEST PASSAGE AM SAP 32