HomeMy WebLinkAboutResolution - 6219 - Tax Abatement Agreement - Diamond Plastics Corporation - Best Scan Possible - 02_25_1999Resolution No.6219
Item No. 47
February 25, 1999
RESOLUTION
WHEREAS, the City Council has determined to give notice of its intent to enter
into a Tax Abatement Agreement with Diamond Plastics Corporation; and
WHEREAS, V.T.C.A. Tax Code Section 312,2041 requires notice of intent of the
City Council to be given to the presiding officer of the governing body of each taxing
unit in which the property to be subject to the Tax Abatement Agreement is located;
NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Secretary give notice as set forth in Exhibit "A" of the intention of
the City Council to enter into a Tax Abatement Agreement with Diamond Plastics
Corporation, said notice to be given to the presiding officers of each governing body of
each taxing unit having jurisdiction in assessing taxes on property located at 2323
Marshall Street in the City of Lubbock, Lubbock County, Texas and further described as
Gifford Hill Lot 2-F.
Passed by the City Council this 25th day of February 1999.
WINDY SITT , MAYOR
AT YST:
Kayth' arneli, City Secretary
APPROVE AS TO CONTENT:
Kevin G. W lker, Business Liaison Officer
AP OVED AS TO FORM:
t t.c.,. � s
Anita Burgess, City Attorney
ecdocslintemnot i cc -di amondplastics.rex
Febn=N 16,1999
Resolution No. 5219
Item No. 47
February 25, 1999
EXHIBIT "A"
NOTICE OF INTENT OF THE CITY COUNCIL
OF THE CITY OF LUBBOCK TO ENTER INTO AN AGREEMENT
TO ABATE TAXES ON REAL PROPERTY IMPROVEMENTS
AND TANGIBLE PROPERTY LOCATED AT 2323 MARSHALL STREET
IN THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS AND
FURTHER DESCRIBED AS GIFFORD HILL LOT 2-F
Notice is hereby given that the City Council of the City of Lubbock intends to
enter into an Agreement with Diamond Plastics Corporation to abate taxes on
improvements to property and tangible property located within an enterprise zone created
by Ordinance No. 9591 and covering all of the subject property.
Notice is further given that the City Council of the City of Lubbock will consider
authorizing the Mayor of the City to execute a contract between the City and Diamond
Plastics Corporation for tax abatement, a copy of said Agreement is attached to this
notice as Exhibit "B" and made a part hereof for all purposes.
Notice is further given that the City Council will consider this matter at its
meeting held in the City Council Chamber, City Hall, 1625 13`h Street, City of Lubbock,
on the 25th day of February , 1999, at 10:30 o'clock a M.
EXHIBIT 'B'
AGREEMENT
STATE OF TEXAS §
COUNTY OF LUBBOCK §
This Agreement made this day of , 1999, by and
between the City of Lubbock, Texas, a home rule municipality of the State of Texas
(hereinafter called "City") and Diamond Plastics Corporation (hereinafter called
"Company");
WITNESSETH:
WHEREAS, City did receive from Company on the 29th day of January, 1999, an
application for tax abatement for an expansion and modernization of the existing facility
located at 2323 Marshall Street, which is further described as Gifford Hill Lot 2-F of the
City of Lubbock, Lubbock County, Texas.
WHEREAS, upon review of the above application it was determined that the
facilities will be located in the North Enterprise Zone designated by the City in Ordinance
No. 9591 covering the above described property; and
WHEREAS, the Guidelines and Criteria Governing Tax Abatement For Selected
Taxing Units Within Lubbock County was heretofore adopted by Resolution No. 5681 of
the City Council of the City of Lubbock; and
WHEREAS, the City did comply with all the requirements set forth in V.T.C.A.,
Tax Code, Section 312.201; and
WHEREAS, the City did comply with all of the criteria and guidelines as set forth
in the Guidelines and Criteria Governing Tax Abatement for Selected Taxing Units
Contained Within Lubbock County, said guidelines having been adopted by Resolution
No. 5681 of the City on October 9, 1997, and
WHEREAS, the City did pass Ordinance No. 9591 creating an enterprise zone for
commercial and industrial tax abatement, said zone including Gifford Hill Lot 2-F of the
City of Lubbock, Lubbock County, Texas.
WHEREAS, V.A.T.C.. Tax Code, Sec. 312.2011 provides that designation as an
enterprise zone constitutes designation as a reinvestment zone without ftirther action; and
AGREEMENT -DIAMOND PLASTICS CORPORATION PAGE I
WHEREAS, the application received by City from Company is an application for
an expansion and modernization of an existing facility; and
WHEREAS, V.A.T.C., Tax Code, Sec. 312.002 specifically states that such a
purpose is to be included in the guidelines for tax abatement and to be eligible for such
treatment; and
WHEREAS, Section IV of the Guidelines and Criteria governing Tax Abatement
for selected taxing units contained within Lubbock County adopted by the City Council
by Resolution No. 5681 does recognize modernization and expansion of an existing
facility as being eligible for tax abatement status; and
WHEREAS, the City Council does hereby find that all of the Guidelines and
Criteria Governing Tax Abatement, as adopted by Resolution No. 5681, have been met
by Company; and
WHEREAS, the location of the facility and surrounding real property, which are
to be the subject matter of this Agreement, are attached hereto as Exhibit "A" and made a
part of this Agreement for all purposes; and
NOW THEREFORE, for and in consideration of the premises and of the mutual
terms, covenants and conditions herein contained the City and Company do hereby agree
as follows:
SECTION 1. Term. This Agreement shall remain in force and effect for a period
of five (5) years from the date of its execution and shall expire and be of no further force
and effect after said date.
SECTION 2. Base Year. The base year applicable to real property, which is the
subject of this Agreement, shall be 1999, and the assessed value of the real property shall
be the assessed value applicable to such property for said year.
SECTION 3. Base Year Taxes. The taxes upon the real property shall be paid in
accordance with the assessed value of such property for the base year. Base year taxes
upon the real property are thus not abated.
SECTION 4. Abatement of Increase in Base Year Tax. In accordance with
V.A.T.C., Tax Code, Section 312.204 real property taxes applicable to the real property
subject to this Agreement shall be abated only to the extent said value for any given year
within the term of this Agreement exceeds the base year taxes hereinabove set forth.
SECTION 5. Property Ineligible for Tax Abatement. The property described and
set forth in Section IV(8) of the Guidelines and Criteria Governing Tax Abatement for
selected taxing units contained within Lubbock County and heretofore adopted by the
AGREEMENT - DIAMOND PLASTICS CORPORATION PAGE 2
City Council by Resolution No. 5681 is incorporated by reference herein as if fully set
out in this Agreement and fully describes the property ineligible for tax abatement.
SECTION 6. Exemption from Tax. The City covenants and agrees to exempt
from taxation, in accordance with Section 4 above, the following properties:
(a) All proposed new improvements to be placed upon Gifford Hill Lot 2-F of
the City of Lubbock, Lubbock County, Texas
(b) All eligible tangible personal property placed in or upon the property set
forth in Exhibit "A", which does not include any equipment and personal
property owned by Company and already located in the existing facility.
(c) It is further understood that all items affixed to the new improvements
placed upon the real property identified in Exhibit "A" including
machinery and equipment shall be considered part of the real property
improvement and taxes thereon shall be abated in accordance with the
provisions of subparagraph (a) above set forth.
SECTION 7. Economic Qualification. It is hereby found by the City that
Company will expend funds in excess of the funds necessary to qualify for tax abatement
by expanding and modernizing the existing facility, all as set forth in Section IV(3)(d) of
the Guidelines and Criteria for Tax Abatement adopted by the City through Resolution
No. 5681.
SECTION 8. Value of Improvements. Company intends to expend
approximately eighty thousand dollars ($80,000) dollars in expanding the facility and two
million one hundred fifty four thousand ($2,154,000) dollars in machinery and
equipment, to be located within the enterprise zone created by Ordinance No. 9591.
SECTION 9. Job Creation. Company agrees to create and retain five (5) new
permanent full-time jobs within the Company plant located at 2323 Marshall Street,
which is further described as Gifford Hill Lot 2-F of the City of Lubbock, Lubbock
County, Texas.
SECTION 10. City Access to Property. Company covenants and agrees that City
shall have access to the property, which is the subject matter of this Agreement, upon
reasonable notice and during normal business hours, and that municipal employees shall
be able to inspect the property to insure that the improvements are being made in
accordance with the terms and conditions of Company's application for tax abatement,
attached as Exhibit "A", and this Agreement.
AGREEMENT - DIAMOND PLASTICS CORPORATION PAGE 3
SECTION 11. Portion of Tax Abated. City agrees, during the term of this
Agreement, to abate taxes on eligible property according to the following schedule.
Year 1:
50%
Year 2:
40%
Year 3:
30%
Year 4:
20%
Year 5:
10%
SECTION 12. Commencement Date. This Agreement shall commence upon the
date of its execution, which date is hereinafter set forth, and shall expire five (5) years
after such date.
SECTION 13. Tyne of Improvements. The Company proposes an expansion and
modernization as described in Exhibit "A". The Company further states that the proposed
improvements to the property above mentioned shall commence on the 1st day of
February, 1999, and shall be completed within approximately 120 days from said date.
The Company may request an extension of the above date from City in the event
circumstances beyond the control of Company necessitates additional time for
completion of such improvements and such consent shall not unreasonably be withheld.
SECTION 14. Drawings of Improvements. Company shall furnish City with one
set of as built plans and drawings of the improvements to be made pursuant to the terms
of this Agreement.
SECTION 15. Limitation on Use. Company agrees to limit the use of the
property set forth in Exhibit "A" to commercial and/or industrial uses as those terms are
defined in the zoning ordinances of the City of Lubbock and to limit the uses of the
property to uses consistent with the general purpose of encouraging development of the
enterprise zone during the term of this agreement.
SECTION 16. Recapture. The Company agrees to be bound by and comply with
all the terms and provisions for recapture of abated taxes in the event of default by
Company pursuant to law and as set forth in Guidelines and Criteria for Tax Abatement
adopted by Resolution No. 5681 of the City Council of the City of Lubbock.
SECTION 17. Certification, The Company agrees to certify annually to the
governing body of each taxing unit that the owner is in compliance with the terms of the
Agreement.
SECTION 18. Compliance. The City may cancel or modify this Agreement if
the Company fails to comply with the Agreement.
AGREEMENT - DIAMOND PLASTICS CORPORATION PAGE 4
SECTION 19. Notices. Notices required to be given by this Agreement shall be
mailed, certified mail return receipt requested, to the following addresses:
CITY OF LUBBOCK DIAMOND PLASTICS CORPORATION
City Manager Alan Brisnehan
P.O. Box 2000 P.O. Box 1608
Lubbock, Texas 79457 Grand Island, NE 68802
SECTION 20. Effective Date. Notwithstanding anything contained herein to the
contrary, this Agreement shall not be effective until such time as it has been finally
passed and approved.
EXECUTED this day of
DIAMOND PLASTICS CORPORATION CITY OF LUBBOCK
A Municipal Corporation
ALAN BRISNEHAN WINDY SITTON
VP FINANCE AND ADMINISTRATION MAYOR
ATTEST:
ATTEST:
Secretary Kaythie Darnell
City Secrgary
APPROVED AS`TQCONTENT:
-" 1444N= �1�
Kevin G. Walker
Business Liaison Officer
API OVED AS O FORM:
Anita Burgess
City Attorney
CB: February 16, 1999
AGREEMENT- DIAMOND PLASTICS CORPORATION PAGE 5
EXHIBIT "A"
APPLICATION FOR INDUSTRIAL TAX ABATEMENT IN LUBBOCK COUNTY
FILING INSTRUCTIONS:
This application should be filed at least NINETY (90) DAYS prior to the anticipated commencement of
construction of improvements or the installation of equipment. This application must be submitted to the
appropriate taxing jurisdiction before any construction begins to be eligible for tax abatement. This filing
acknowledges familiarity and assumed conformance with "GUIDELINES AND CRITERIA GOVERNING TAX
ABATEMENT FOR SELECTED TAXING UNITS CONTAINED WITHIN LUBBOCK COUNTY" (Copy attached). This
application will become a part of any later agreement or contract, and knowingly false representations thereon
will be grounds for the voiding of any later agreement or contract.
ORIGINAL COPY OF THIS APPLICATION AND ATTACHMENTS SHOULD BE SUBMITTED TO:
City of Lubbock
Business Development Department
P.O. Box 2000
1625 13`" Street
Lubbock, TX 79457
(806) 775-2980
II Section I - APPLICANT INFORMATION II
Date of Application: 1 1 28 1 99
Applicant Name: Diamond Plastics Corporation
Company Name: Diamond Plastics Corporation
Address: P 0 Box 1608 Grand Island, NE 68802
Phone: (308)384--4400 Ext. 127 Fax: (308)384-9345
Applicants Representative on this project: Alan Brisnehan
Name: Same as above
Address:
Phone
Type of Ownership: [X] Corporation [ ] Partnership
Total Current Number Employees: -162
Corporate Annual Sales Per Year: 136,445,996
Annual Report Submitted? [ ] Yes tK] No
[ ] Proprietorship
4L-
r
IndApp97.doc
II Section II - FACILITY INFORMATION 11
Place a check mark in the box on those statements which are applicable to your company :
(a) This application is for a: [ ] New Facility [)q Expansion [I Modernization
(b) Is the company a producer or manufacturer of goods and services of which 50 percent or more are distributed
outside of Lubbock County or operator of a warehouse or distribution facility that distributes 50 percent of the
goods or services outside of Lubbock County? (If yes, provide documentation as Attachment 1)
[ I Yes
[ ] No
(c) Check the following target industry which is applicable to your company
[ ] Manufacturing Facility: Electronics/Electrical/Assembly, Semiconductor Fabrication
[ ] Value-added Agricultural Production including Food Processing and Machinery
[ ] Med Tech Research/Manufacturing/Assembly
[ ] Aviation/Avionics Production/Rehab
[X] Other Basic Industry
[ ] The project is not included in the above target industries, but has the potential of generating additional
significant economic development opportunities in Lubbock. (Provide documentation)
(d) [X] The existing facility to be modernized or expanded or the property where the new facility is to be built is
located in a designated Enterprise Zone.
(e) ( ] New Company to Lubbock
jJ Existing Company
(f) If New Company checked, which of the following statements apply to the project:
[ ] The project will add at least $1 million in real estate assessed valuation
[ ] The project will add at least $2 million of personal property assessed valuation
[ ] The project will add at least 25 new permanent jobs
(g) If Existing Company checked, which of the following statements apply to the project:
[ ] The project will add at least $500,000 in real estate assessed valuation
The project will add at least $1 million of personal property assessed valuation
[ ] The project will add at least 20 new permanent jobs
(h) Address of proposed facility: 2323 Marshall Street
Lubbock TX 79415
(i) Legal description of proposed facility:
Gifford Hill ko+ 2_15
Application for industrial Tax Abatement in Lubbock County - Page 2
116) The proposed facility is located in: II
School District:
City:
Lubboc
I (k) Describe product or service to be provided:
Section III - FACILITY DESCRIPTION
Please attach the following:
Attachment 2
Manufacture Closed Profile Pipe
(a) A general description of the improvements to be undertaken (example: modernization of manufacturing facility
located at 4501 Peach Street and purchase of new manufacturing equipment).
(b) A descriptive list of the improvements for which tax abatement is requested, including:
(1) description of construction and location of all proposed improvements of the Real
Property or Existing Facility, and;
(2) list of new equipment and cost of the equipment.
(c) A list of any and all Tangible Personal Property presently existing on the Real Property or located in an existing
facility.
(d) A proposed time schedule for undertaking and completing the proposed improvements.
Attachment 3
(a) A site map indicating the approximate location of improvements on the Real Property Facility or Existing Facility
together with the location of any or all Existing Facilities located on the Real Property or Facility.
Attachment 4
(a) A statement of the additional value to the Real Property or Facility as a result of the proposed improvements.
(b) A statement of the assessed value of the Real Property, Facility or Existing Facility for the base year (attach tax
assessment for property from the Lubbock Central Appraisal District).
Application for industrial Tax Abatement in Lubbock County - Page 3
IlSection IV - ECONOMIC IMPACT INFORMATION II
Part A — Current Investment in Existing Improvements:
Part B — Permanent Employment Estimates:
(1) If existing facility, what is the current plant employment:
512,480
69
(2) Estimated number of new jobs to be created and time frame for creation of jobs:
New Jobs 5 Time Frame 8/99
(3) Estimated number of retained jobs: 69
(4) Opening of improvements: (Month) 8 of (Year) 19 99
Part C — Permanent Payroll Estimates:
(1) If existing facility, what is the current plant payroll: 1,390,000
(2) Estimated amount of new payroll : 200,000
(3) Estimated amount of retained payroll: 1,390,000
Part D — Construction and Employment Estimates:
(1) Construction start: Month 2 Year 19 99
(2) Number of construction jobs: At Start Peak Finish
(3) Number of man-years:
Part E — School District Impact Estimates:
Give Estimated number of:
Part F — City Impact Estimates:
Families transferred to area —0—
Children added to ISD's —0—
(1) Volume of treated water required from City 100 gallons per day.
(2) Volume of effluent to.be treated by City 10 gallons per day,
(3) Please provide a statement on planned water and sewer treatment methods, and disposal of effluent if the
facility is to be located outside City systems.
(4) Has permitting been started? Yes No
Application for Industria: Tax Abatement in Lubbock County - Page 4
uz/U3/99 10:57 FAA 13083849345 DIAMOND PLASTICS 121008
Part G — Estimated Appraised Value on Site:
LAND
PERSONAL
IMPROVEMENTS
PROPERTY
Value of Existing Facility
Before New Construction
(From Central Appraisal District) 197,501
2,147,880
867,450
—0—
2,154,040
80,000
Value of New Improvements
Estimated Total Value After
Improvements 197,501
4,290,880
947,450
Part H — Variance:
(a) Is a variance being sought under Section IV 9(d) of the 'Guidelines'? [ ] Yes [2q No
(b) If "Yes", attach any supplementary information required.
-S,ectiiin V; wOTHER-AGREEMENT-APPL"ICATSONS"
(a) Has applicant made application for abatement of this facility by other taxing jurtsdictions or counties?
[ J Yes M No
(b) If "Yes", please provide:
(1) Dates of Application_
(2) Hearing Dates:
(3) Name of Jurisdiction(s):
(4) Name of Contact(s)-
(4) Attach any letters of intent to abate.
Application for Industrial Tax Abatement in Lubbock County - Page 5
Section VI - DECLARATION
To the best of my knowledge, the above information is an accurate description of p riect details.
Company Official Signature
Alan R. Brisnehan
Printed Name of Company Official
Vice President Finance & Administration
Title of Company Official
Application for industrial Tax Abatement in Lubbock County - Page 6
uci usi as iu: ao rAA IJU6354U 340 DIAMOND PLASTICS
Q0o2
Corllnratc & salcs Office � 1212 Jnh." nawn Road
nlephunc (308) 384-4400 DumoND PLASTICS P.O. BON Ifpa
Fax: (3081 384-9345 Grand Island, Nebraska 6H802
CORPORATION
February 2, 1999
ATTACNT 1
This is to confirm that greater than 50% of Diamond Plastics' production capacity of the
large profile pipe will be distributed outside of Lubbock County.
This product is produced in Lubbock and marketed across all of the United States.
Sincerely,
DIAMOND PLASTICS CORPORATION
Alan R. Brisnehan
Vice President Finance & Administration
Mnnu8rclarina nw"
1312 jobnamwn 11had 2323 Maeshall Sues( 76141ouls, rial lArhwa:r 1000 &lea V.0 y 21uad 41110 S. N'.tc t RoaO
GrandUladd.Nalmnuhn6110S I.e,hhnek.Tezu'rJ413 M4ew,Goores31211A (iu19a1nda.NeVada%9110 Muncie. IN 4 7302
Telephone (30a) 3114-4400 Telephone: (106) 763.1011 Telephone: (921)111.3300 Telephone; 170¢) 62346d6 Telephone (765) 297-423.1
ATTACHMENT 2
A. We will be adding a grinding building and a new blending operation which will
increase the performance of the Lubbock plant, as well as, adding a new line of closed
end profile pipe.
B. The facility will be added to the south side of Building # 2 in Lot 3 (See notation
on map).
C. Regrind System
$445,000
Blend System
$649,000
Extrusion Tooling
$ 70,000
Articulator
$316,000
Extruder
$207,000
Winder
$ 39,000
Saw
$ 55,000
Puller
$ 48,000
Router, Heater &
Beller
$295,000
Miscellaneous
charges for freight
and installation
$ 30,000
D. This project will start in February, completed in August.
__T 0L/U3/9f� _10:56 FAX 13083849345 DIAMOND PLASTICS Z 003
J2103159 09!48:47
Asset Asset
10 Rilahr nEsc
PAGE
Assoc Acquired Deprec Accumulated CURRENT 'Wo?
Life Date value Da,;roc
3D01
LIM
6o
82/12101
103524.80
.00
103.514.80
3002
HUILDIA3 5 IMFRO79MIXTS
210
82112101
631020.00
501145.25
123,574.75
3006
EMERY PULLER 4"-12" 197i
84
62112/01
72DO.00
7200.00
.00
3007
EGAR SAW 6"-15" 1977
84
82112/01
912i.0o
9121.00
.00
3008
ASC AIRBHLLER V-15
84
82112101
9601.00
960i.00
.00
3011
3MERti PULLga 4"-15' 1971
84
82112/01
7200.00
7200.00
.00
3D15
ASC AIRBELLER 6"-15" 1982
84
82117101
9601.00
960i.00
o0
3022
UBITED AIBBELLER 1981
a.
82117/01
18005.00
48005.00
.Do
3027
WE7 PULLER 4'-i5" 1970
84
87112101
7300,DD
7.700.00
.00
3036
HELLER
84
8Z112101
4801.00
001.00
.00
3039
TOOLING LIFE 1
84
82112/01
9601.00
9501.OD
.00
3040
TOOLING Lifl 2
at
87112/01
9601.OD
1460i.00
.Do
3041
TOOLING Lill 3
84
82/12101
9601.00
9a01.00
.00
3042
TOOLING LINE 4
84
87112/0/
9601.09
.iol.0o
.00
3013
TOOLING LINE 5
81
82/12101
9601.0D
9501.00
.00
3044
CUMBERLAND GRINDER 1972
i4
82/12/D1
7201.00
7201.00
.00
304t
EATLCAR UNLOADER
84
82/12iol
7200.00
i2oo.0D
.00
3050
COHPOUNDIEEGRIND SYSTEM
84
82112/01
18801.00
?Eao4.OD
.00
3051
SIDS i00S !;�
64
82/12101
71049.00
73049.00
.00
3052
SILO 01
84
82112/01
5280.00
5780.00
.00
3054
WATEI COOLING SYSTEM.
84
82112101
14401.80
i4401.80
.00
3055
4/A TSSt ;QUIPHRIT
84
82!12101
1920.00
1920.00
.00
3056
MAIBTENCE LATHE
84
81/12/O1
2101.OD
140i.00
.DO
3057
END HILL
a4
82I M 01
1441.0D
1441.00
_00
3070
ROLL -OFF BACK
34
8307101
3650.03
'650.03
.00
3071
BOLL -Orr MACE
84
03/08/01
3650.03
365D.03
.00
3078
ROBES FHE-248205 1965
36
82/12101
1441.00
1441.00
.00
3079
ROBES M-248208
36
82/12/01
1140.00
1440.00
.00
3081
AZTEC 2548 1178
36
82112101
2400.00
2400.00
.00
3082
AZTEC i549 1578
36
U/ 121D1
2400.00
L400.DC
.0D
3C87
RISC_ OFFICE IMP. & FUR.
170
82/1I101
180.00
480.00
.00
3092
CASE TRACTOR
36
EtIO 5/01
5100.00
5100.00
.00
3093
WATERC-ATE TOOLING 6'8'10'
84
84/08/01
10245.00
10245100
.00
3094
8" SEWER TOOLING
84
84/09/01
5155.40
5155.40
.00
309a
8ATTREWS HOD 6026 PRINTER
84
84//2101
3096.59
3096.59
.00
3101
N-kTTHV-WS MODEL 6026 PEINTEE
a4
85103101
2411.7i
141i.76
OC
3 M
MATTIM S YODEL 6026 PEIHTER
84
85/03101
1411.75
2ill.76
.00
3103
G. DENVER 518IE3 t ,IIF COMP3E5 .
81
65!03101
3D224.74
3022!.74
.00
3104
OFFICE REHGDELING
120
85103101
7414.68
7414.68
.00
3105
5r-12" 16Dt CORRR PINS
60
65/04101
9540.00
9640.00
.CO
3106
RK-2 Dig BEAD
iO
6510t/01
9540.00
11640.00
.00
1107
USED CGUPLINt7 STATION
84
85/04/01
4426.17
4426.47
.00
3108
HATTEEHS HOD 6026 PRINTER
84
85/05101
2035.70
?035.70
.00
3109
MATTHiWS HOD 60116 PRINTER
84
85/05101
2U35.70
7035.70
.00
3110
5" SDR-25 SEWER CORE F INIR-22
E:
85105101
1248.00
1248.00
.00
3112
REBUILT 'rIPE MANDRELS
84
85107101
6576.69
i576.69
.00
3114
FIP3 WDSEL REBUILT/PHASE 2
84
85/09/01
5130.84
5_130.84
.09
3i19
GUEST CRAM BLUE (21
120
8310310!
406.34
406.34
.00
3120
50A
120
83109101
899.E=.
899.64
AD
3121
GUEST CHAIRS 2 BLUE
12O
8311010i
405.96
405.5i
.00
v10:,56 FAX- 13081849345 DIAMOND PLASTICS 11004
02103 M 09;4d:?7
Assn Assn
3 habe: Desc
PAGE
W at Acquired Deprec Accumulated CURRENT YALUa
We Gate Value 7eorec
M2
McaTIVE CBPIR BLUE
120
83111130
(22.83
;22.83
.00
3123
15" SDI 25 TOOLING
84
860600
13110.62
13140.62
.00
312;
CAT 380 r-OFKLIFT SN49AD0902
36
n 6i"O1
37581.00
375a4.00
.00
31266
MCO EXTRUDE@ CONTROLLER
36
86107iO1
7150.10
21M .10
.00
3127
!TRIi 16148 PHONE SYSTEM
60
86110/01
11190.74
11490.74
.00
3128
12" SDI: 21 2004 DIR SET
84
87101/01
5734.57
:734.i
.00
3179
3K-= DIE HEAD § CkRT
8i
6710110i
199ED.62
25360,62
100
311.0
11-4 4" IPS DIE SET
84
87101/01
3942.19
334Z.19
.00
313i
?K-4 4" SWR DIE 52T
34
87101/01
3942.11
-112.19
.00
il3i
RK-4 6" ]IE SET
84
87101/01
4205.00
!205.00
.00
3133
1E-4 6" SWR DIE SET
94
87101101
4265.00
4205.00
QO
3134
18" 125 COUPLING 4AXIMPL
84
87105101
10625.00
10625.00
.00
3135
SPRAT COOLING TANK 20'
84
67106101
052.68
4Z52.68
,00
3136
SPRAY C001,110 TART 20"
84
87i06101
4252.68
4252.56
.00
ai37
SPRAT COOLING TIM 20'
B4
87106101
M2.68
4252.68
.00
3139
10" S]H 26135 CORE PIN 3 BUSH
84
B71Dfi10i
7809.3:
7BO9.3i
00
3140
12" SD3 26/35 CORE PIN k BUSH
84
S7106101
7.809.38
71a09.36
.00
2141
6" 80 4 1001ir CORE PIX-3E4 3E_4D
84
87109/0/
3718.75
3710.75
.00
3143
CASK FORT LIFT 110721
36
82112101
9601.00
9601.00
00
31d4
Ea-4 DIE HEAD 4 CART
84
88109101
30969,68
30969.68
.00
3145
Y Rp-4 DR14 41E_4D TOOLING
84
a8109101
1619.38
iil9.38
.00
3146
1" aK-4 D118 HEAD TOOLIEIG
84
88109101
18F5.62
1845.6I
.00
310
V di-4 0125 :0U1 TOOLING
84
W 03101
1173.10
4473.iO
.00
3148
6" EX-4 DE14 RUB TOOLI3C
84
68109101
1619.33
M9.38
.06
3149
6" IK-4 D°_16 Hal] ?OOLING
84
86/09/01
18!5.62
i845.62
DO
3150
5" RK-4 DR2.5 BEAM TOOLING
84
88/09101
(473.40
4173.40
.O0
3i5i
!" C-900 SIZING SLSEVX
a4
88105/01
538.47
938.47
.00
3152
6" C-900 SIZING SLEEVE
84
88/09101
1042.75
1042.75
.00
3i53
3" C-900 SIZING SLEEVE
84
88/09/01
1303.14
1303.44
.00
3154
10" C-900 S MIG SLEEVE
84
W 09/01
3023.97
3023.57
.00
3155
12" C-900 SIRING SLEZVE
84
88109101
3545.35
3545.35
.00
3156
RK-5 DIE 22M 4 C_kET
84
88109101
51199.03
51199.C3
.00
3157
COT91 MON 4I-5 TO E1-5k HD
84
89/09101
11287.50
11287.iD
100
3158
8" 31-5 D114 HEAD TOOLIM
84
a8109101
13712.16
13712.16
.00
S151
6" gK-5 B118 HLAD TOOLING
84
881091G1
5505.72
:505.72
00
3160
8" RK-5 DR25 HEAD 20CLING
84
W63161
11324.27
11324.27
.00
3161
10" RK-5 OE14 BEAD TOOLING
84
88109/01
15797.77
13797.77
.00
3162
10" RA-5 DRIB HEAD F0CLIRG
84
a8109i01
6319.01
:319.07
.GO
3163
10" RR-5 DEZw 3EhD TOOLiEG
34
23/09101
13109.77
13409.77
.00
3164
12' RE-5 DR14 HEAD TOOLING
84
88109101
18623.52
13613.a2
.00
3165
12" 8K-i D118 READ TOOLING
at
aa1Woi
7455.63
70S .63
.00
3166
12" 31-5 D925 91AG FOOLING
84
88109101
15495.27
15495.27
.00
3167
TS-130 RMIUM 22114BLI
84
88 OMI
304082.03
30(M.03
.00
316d
BUILDING kDDIT101
171
88109101
201347.21
146006.28
55,3i0.93
3169
-" C-900 COUPLING HEAD
a4
88109101
11287,50
M87.50
Ou
3170
6' C-500 COOPL:"NG HR�D
64
88109101
11905.e2
11905.62
00
3171
8" C-900 COUPLING READ
a4
a8r09101
13206.38
i3206.38
'00
3172
10" C-9DO COUPLING SEAR
$1
as109101
14190.00
14190.00
.00
3173
12" C-900 COUPLING BEAD
84
88109i01
15716.50
15716.50
.00
3174
Bix VEIM
84
88/09101
12212.53
i2212.53
.00
_ 02/03/99_ 10„5$ FAX -3083849.345 DIAMOND PLASTICS (Zoos
02/03199 09;48:47
As5EL Asset
ID .Rulber Desc
PAGE
Asset Acquired Deprec Ac_ialatea CURRENT VALUE
Life Dare Value Deprec
1776
STOR?ICE SILO
84
88109101
310I2.46
31022.46
,00
3177
SPESOPI CY3216 PULLER
8'_
88109I01
563a3.75
56363.75
.00
3178
PER giagOTa'c?ER 41-18%APhCITI
84
88109101
137694.15
Mih .15
.00
3179
BERORKED N.tga IV RILL£P
84
88103/01
30360.50
31,360.50
.00
3180
VIRING A ELECTRICAL
84
88109101
111825,63
111325.0
,00
3181
SPLAY COOLING I'ANii 20'
84
OBi09101
5810.21
5110.21
,00
3162
SPRAI COOLING TARA 20'
84
88/09101
i610.20
H10.20
'00
3183
SPRA? COOLING TUA 15'
84
88109101
2905.18
2905.18
.00
318E
SPRAT COOLING IAEA 10'
84
88109101
2505.18
2905.18
.00
31.85
SPBAY COOLING "All 10'
84
82109101
2905.18
i905.18
,00
3186
UNITED AIRBILLEE fi'-24"(1035{
84
W12101
z8005.00
0005.001
.00
3187
UNITED MABA 1V U-NDRELS 110601
84
a31G91G1
25321.42
25321.42
.00
3168
MIDWEST MW212 SASE
?'.•
8//11101
31237.50
39737.50
.00
3189
MIDWES'T 0212 Serif
84
88111101
39237.50
39237.50
.00
31 ?`
018 HOIST LINE 5
84
8810101
1100.00
1160,00
,00
=1 1
O1R HOIST HYDBOTESTE1
84
OMNI
1160.00
7100.00
.60
3192
HIDWEST SAN 8°-30'
84
88109/01
77400.00
7'400.00
.00
3193
A00Tolil. PLEC?RIG
84
8810910i
6311.33
63i1.33
.00
3194
FA% XACAINE
36
SB/12101
2598.21
7596.21
,00
3i96
19B5 iEU72AU4 FLbTBED
60
89106101
1500.00
7500.00
,00
3198
4" BDRI.112 WALL PINIRK!
84
89/08101
1687.82
168i,82
.00
3199
V SDBI.I6i WILL PIN1Hii4
a4
89/08161
1560.65
1580.65
.00
3200
80 SDR-26 PIP EKI
84
89108101
1687.62
16a7.82
,00
3201
10' SDRI.280 WALL PI51NK51A
84
89/00101
2956.25
:956,25
.00
3202
12' SDII-340 WALL PINIRK A
84
8910810i
2956.25
7956.25
.00
3203
aEAT COH?ROL LIRE
36
29/08/09
8076.66
c075.66
,00
3204
1987 CREV C.4PRiC3 CLASSIC
60
89110123
4374.46
1371.45
.00
3206
RISC. P.V. NAADRELS
84
89112101
i3a14.70
Ic814.70
.00
3207
HEAT COXT7OL LIRA p2
36
9DID2109
8936.92
6936.92
.00
3208
5ATIpa IMCEINE
60
90/02101
5760.79
5760.79
.00
320?
EEAi cal!1OL LIRE 43
36
90105101
0076.66
S076,66
.00
3210
BA-5A ADAPTOR
84
90/05101
132D5.37
13205.37
.00
7711
USED NANDBELS
Bi
90/05101
6073.64
6G73.64
.00
3212
PI-3 HEAD (idON BACON)
84
891121i5
9713.00
013.00
.06
3213
RATTHSWS PRINTER 6124 - 9ACON
84
89/12115
486.00
486.00
'D0
3214
MATTHEWS PRINTER 6121- - MACON
84
€9112115
486.a0
485.00
.00
3ii9
NATTRU P111TR2 6026 - BACON
84
29/12/15
486.00
486.00
.00
3716
HATTHFWS PRINTER iO76 - FACON
84
69112115
=_86,00
48i.00
.00
3215
Bugs? "IESTEE
a4
90/10101
34493.02
34493.02
.00
3219
CHILLER SYSTEM
84
90110101
21910,31
21910.31
.06
3220
CGvLING ?OVER
24
90110Ai
18482.s2
18422.42
.00
3221
IRK %T430H k C511
6a
95112115
950.00
950.00
.U5
3222
AT 286
60
9011i101
1503.31
1503.11
.00
3273
H?I NI%Ea-`ROK KICON
64
8911?1'5
24i83.OD
24283.00
.00
3??5
Ch.909 C?TEPILLAE
si
1110910/
9966.a2
9°66.8$
00
221i
UNITED TESTER
84
911I0,'L1
2962i'ai
%?631.u2
13ti
3I21
ZiifRPl,➢C VALVES
B4
91iiafol
7773.60
7773.60
,00
'.kv1qi' i}r ±d?n
H
80"1110j
..v
2asa6.ct
2360L. 5
.00
3229
ELERI)IiG CONfiIO1 ROOM
84
921 Iigl
M 72.95
12;iT.735
,00
3230
8Lu&uSR gSk0Ra15H
2:'
921i1101
I9W .08
:?565.08
JO
uziusi�a 1u.57 FAA-1308a8.4.9345 _, _ _, DIAMOND PLASTICS
Assn nisset
IC 1itimaor ➢Esc
p=.Cc
Assn: IF. ccuirsi Deprec lecusulaicd CUR EN? VALUE
Life oats VZlus De;rec
:?3i
rri 211 HANDRAL
Z4
920,01/01
iH 7.50
5387,56
3237
LARIEE :4.23E COPIER
50
52/02/01
4983."
4983.44
.00
,00
3243
i+OYCKA'ZD 31END SYSTEM
84
92102101
687051.0E
678aiui
8,179.21
::1
:!; 111 EXTEUDBR-v03S
84
9210b1D1
41868.8E
39376.69
2,492.11
32a:
SF:av TINES -LINE a
P":
9210o;e1
Z1236.90
15372.78
1,Z6=.1Z
3216
61EE GLP 39,TLER-HRE 6
g4
92/06101
173912.29
10 560,37
10,351.92
3231
CHILLb3-L1Ka 6
i4
9210b101
3°21d.'°
3E384.31
Z,334,41
3238
COOLIHt Tom -LINE 6
84
92106i➢l
5076.84
4774.67
302.i7
*139
RACB1.1 I19TALLATION-LINZ 6
84
sZ106101
8;211.i5
8c900.:8
5,316.17
32f0
3W212 20TART SW
84
92108101
40.06.25
37039.➢8
3,367.17
3241
�fi130L lit 96AD 6 CART
8!
92108101
72950.66
iMi .42
6.079.21
3242
Pt7liPS-,I.E =
8;
02/08/01
5523.82
430.15
493.67
3243
rE4 '_7_'' 504z PIP p1l
84
12/10101
2571.0E
2195.64
275.44
3244
RH 8" WATERCA►E PIN 4 BUSHING,
a4
92/10/01
4554.16
4075.45
489.Gi
5243
m 10' 50'a ?IP °I$
84
921iO101
2454.60
2191.56
263.02
3N6
MONATIC C900 TESTER
84
93101f01
52479.55
44982.49
7,497.05
3247
NY212 ROTAH SAW
84
WHIR
43222.9E
34475.52
3,747.44
3Z48
BY IMI CH 111 - 1,132 1
84
93107101
.666'..83
20951.00
5,713.83
S2:0
ul COHPR55SOR
84
93/11/01
19973.74
11742.17
i,Z31.27
3251
CH-11i EXTRUDER
84
93/11/01
27332.50
207(.0
7,15B,47
3252
HIBER BELL FOOLING
at
94103101
9578.8!
5890.17
3.088.67
3753
CKH HTRUDER
B4
94/05101
27332.50
1c221.72
9,110.7a
3254
CEiLLBR
84
91/05/01
43940.41
2:293.60
14,646.81
3i55
6" DL TOOLING
84
91/05/01
1717,59
1145.13
572.46
325E
311I•INQ MACHINE
84
94/10101
22038.83
i3380.79
81658.04
3000
LAKD 19PRO IbENTS
60
881i2101
18530.90
.00
11,630.50
3085
?iCR-u? CREY 1972
36
82112/01
240.00
240.00
.00
3205
JBC ROUGH THRUIR MiLIFT
84
89111/01
34211.88
35211.88
'00
3197
UpINDER S£STEH
84
89/08101
13103.06
23103.00
,00
3257
ASCO JCB FORKLIFT
84
95101101
48164.25
2"522.39
20,641.8E
1258
ASCO J8C FO UMIF3
84
95/01101
51082.12
i9189.7i
11,892.3E
3259
AC14 P%NTIUH 90 PC
60
95101/01
3522.33
2817.92
701.16
3261
115 DIE
a4
95;06101
5501.79
30408.03
28,993.76
3262
ADDI?1Vp FEEDER
84
95/06101
3317.34
1698.07
1,619.27
3Z63
?'OLEDO SCALE
84
951081DI
5673.47
1769.11
2,904.33
37it
CINCINNATI PIRREATER
84
95110/01
57750.33
26812.61
30,937.72
3265
1991 CSE7, 314 TOO PIMP
6o
95/08101
3025.00
2051.12
957.68
3266
L111, UNLOAD SYSTEM
84
96105131
112336.22
4146.is
71089.5i
3Z67
32711 PULLER L11E2
84
96105l0I
44238.90
15852.84
27,386.06
3268
NWRI 2 SAY LIES 2
84
§6105101
41021.80
15528.48
25,356.32
3269
CH111 EXTRUDER LIHE 2
84
H 149101
21298.30
7099,6E
14,i99.12
3270
pubm {Voss)
84
96109101
6012.00
2003.96
4,008.01
32%
SBCONL ELECTRIC SERVICE Li5'E
84
94104101
13070.00
8868.94
4,201.0E
3272
SHER SYSTBH
84
94/10/01
9100.00
5524.95
3,575.05
3273
TBLEPROH SYSTER
60
97105/01
1049133
3497.23
6,994.60
3174
1990 GTD FLATEID
36
97108101
6885.77
3251.59
3,634.13
5775
1990 GTD FL11THD
H
97106/01
6885.71
3251.51
31634.12
1276
10" A 12" 1P5 REIBER BELL 7QOL
84
97/09/01
8483,37
1615.84
6,867.48
1271
10' 4 12' SWR REIBER BILL POOL
84
97199/01
b274,46
1576.12
6,698.H
32Za
H?➢F,AOLIC TO30UE W&EicH
84
97/07101
6794.98
1456.02
5,338.9E
02/03/99 1U:57 FAA_13083849345 DIAMOND PLASTICS
Z007
02103i99 G9;5d;33
PAGE
Asset
Asset
Asset
Acquired
Deprec
Accunnlated
CO$3ENf TACO?
ID NvmbEr
Des:
L1ie
Date
Value
Deorec
6002
V1101BG HODIFICATIOP,
84
97/10/01
300722.58
53611.70
246,611.38
6003
PRINT ST.kTiOBS TBAHSPOIT
84
97110101
18055.1E
311!.10
i4,831.06
i004
SWwl LIRE
84
17110101
13284.82
Z371.25
10,917.51
6005
SILO
84
97Ji0101
20338.07
3631.60
16,706.27
6006
i1RIDGE CME
84
97110101
53956.62
a635.10
441321.52
1607
SKY BRIDGE
84
97110101
11632.79
1077.33
91555.46
600a
POLDER SYSTEM
a4
97110/01
89558.92
15992.70
73,566.1E
6009
BLOiiiii
84
97110101
i294.00
588.17
44.705.83
6010
iiZTER 515=-EN
B4
97110101
3479.73
621.41
21658.32
601S
CEILLER
84
97110101
Z6321.50
1700.25
Z1,621.25
6012
MR CORPRSSSOR
84
97110101
23527.29
:201.35
19,325.94
500.
C8A_'lWRR
84
97110101
13732.00
2457.20
11,279.80
601i
wINDBBS
84
97110101
205918,84
35771.21
169,1!7.63
6015
PRINTER
84
97110101
5470.10
976.80
4,493.'v0
6017
RAIDERS
84
97110141
1212.80
216.50
996.20
6018
SCALES
84
97110101
12c36.62
2292.30
10,5!1.32
6019
30" DIE SET
84
97110J01
39732.94
7095.15
32,637.79
6010
BfD&dULIC POi�d3 SfSTEN
84
97/10/01
39400.00
7D35.75
32,3EI.Z5
502i
!COLINC °ACS9
84
971i0101
3054.55
547.20
2,517-35
502Z
i8"-60'' BILLING MACHINE
U
971/0/01
191700.00
34232,10
157,467.30
6023
30" BELT 8 TEST TOOL
84
97110101
1740C.00
3107.10
14,29Z.90
6024
33" BELL & TEST TOOL
8!
97110101
19140.00
3117.90
15,722,10
6025
36" BELL & 7151 TOOL
84
97110101
20900.00
3732.15
17,167.85
0026
42" BELL a TEST TOOL
84
97110101
24300.00
4333.34
19,960.56
6021
48" BELL 4 TEST TOOL
64
37/10101
46900.00
4803.60
22,096.40
6026
5!" BELL S TSSf 40oL
8!
97 U NI
31320.00
5592.90
25,727.10
6029
50" 881fL 8 TRS4 TOOL
84
97/10/01
34800.00
621-.34
28,585.66
6030
ALTERNATOR STATION
a4
97110101
15600.00
2785.67
12,814.33
6031
PROFILE UTIVOIR 6 11STALLATIO
84
97/10/01
279036.00
119827,90
229,20a.10
6001
?ABD IMPROVEKINT
84
97/10/01
38064.9Z
6797.25
3i,267.67
601E
TEST EQDIF.
a4
97110/01
1028.80
183.75
80.05
6032
91D SEALING EQUIP
8!
98/01101
6399.87
914,2i
5,485.59
6033
HwSWl8160EH RUIPOLATOa
84
90103101
298600.13
15547.60
263,052.53
603!
NVFP BEAD s CUT 6 30" TOOLING
84
98103/01
211525.00
Z5181.53
186,343.47
5035
42, WINDER
84
98110/01
32876.00
1174.1!
31,701.86
6036
36" DIE AND WINDER HOD
84
98110101
71067.00
2538.12
58,528.88
5037
END SEALING EQ4IPMERT
84
98103101
6399.87
761.90
5,637.97
X117 9ND 0s R E P a ! 7 k!x
ATTACHMENT 4
A. There will be no change in real value and the facility value is $80,000 for the
grinding building.
B. Notice of appraised Value (attachments)
NOTICE OF APPRAISED VALUE
THIS IS NOT A TAX BILL - DO NOT PAY FROM THIS NOTICE
Property ID: P115503
Notice Date: 05/20/1998
XREF ID: 00778509
DIAMOND PLASTICS CORP (27542)
EQUITY SERVICES (1048)
PO BOX 64246
LUBBOCK TX 79464
DBA: DIAMOND PLASTICS
stills: 2323 MARSHALL ST; LUBBOCK -
LEGAL• FFME INV AND VEH
AG
1998
LUBBOCK CENTRAL APPR DISTRICT
P.O. BOX 10542
1715 26TH STREET
LUBBOCK, TX 79408-3542
1
1`AX
�(FJ4R APPRAISED VALUE
; .
(1Q96:MAXIMUM ANNUAL VALUE
ASSESSED VALUE
::. INCREASE ALLQWEl3 ON HbMESTEAD . >
1997 1,077,247
N/A
1,077,247
1998 2,147,880
N/A
2,147,880
1997NET 1998 1998 1f398I�iEi EST TAX ` 1998
TAXABLE TAXING UNIT ASSESSID ES TIMATED TAX
LON
lt077,247
LUBBOCK COUNTY
2,147,880
0
2,147,880
0.16232
3,486.44
1,077■247
LUBBOCK ISD
2,147,880
0
2,147,880
1.51407
32,520.41
1,077,247
CITY OF LUBBOCK
2,147,880
0
2,147,880
0.56088
12,047.03
1,077,247
LUBB CNTY HOSPITAL
2,147,880
0
2,147,880
0.09959
2,139.07
1,077,247
HI PLAINS WATER
2,147,880
0
,147,880
0.00812
174.41
TOTAL
r
50367.36
'The Current You Estimated Tax Rsts Indicated for than Taxing Units as alcuisted will raise the same amount of revenue for operating purposes from properties taxed
In the preceding year as these units ralsed for thaw purposes In the preceding year. Each governing body at these Taxing Units may NOT adopt a sex rate that will
Increase lax revenues for operamon purposes from properties Owed In the previous year without publishing notice in a newspaper that It is considering a tax Increase
and holding a hearing for taxpayers to discuss the tax Increase. TFe Current Yoer Estimated Taxes Indicated would be levied on the above described property If the
Taxing Units adopted than Current Year Estimated Tait Plates.'
'For school districts For those taxpayers 66 years of age or older who Halved the
$10,000 residence homestead exemption for school district purposes, the amount of TAX CEILING
school Was
that will be Imposed for the current year will not exceed the tax ceiling
established for those homesteads.'
See the reverse side of this notice and the enclosed protest form, should you disagree with any of the above information.
The deadline for filing a protest is June 22,1998. The Appraisal Review Board will begin hearings on June 22,1998.
In each taxing unit listed, the governing body decides whether property taxes increase. The appraisal district determines only
the value of the property. If you object to Increasing taxes or government spending, you should complain to the taxing units
governing body. You should complain to the appraisal office and ARB onlyabout your proposed property value or exemptions.
THIS IS NOT A TAX BILL - DO NOT PAY FROM THIS NOTICE
NOTICE OF APPRAISED VALUE
THIS IS NOT A TAX BILL - DO NOT PAY FROM THIS NOTICE
'The currant Year Estimated Tax lie$$ Indicated tot Ihaa Taxing Units as calculated will raise the same amount of revenue for opsraUing purposes from properties taxed
In the preceding year as them unlit raised for those purposes in the preceding year. Each governing body of these Taxing Unite may NOT adopt a Can rate that will
ineream tat revenues for operation purposes from properties taxed In the previous year without publishing notice in a newspaper (het If is considering a tax Increase
and holding a hearing for taxpayers to discuss the lax Increase. T14 Gwent Year Estimated Texas Indicated would be levied on the above described property it the
Taxing Units adopted than Current Yew Esllmalad Tax ltatas.'
-For school dlalrlets: For those taxpayers 65 years of ago or oider who received the
it0.DDD resldence hontssleed exemption for school district purposes. the amount of TAX CE OWG
school taxes yew will be imposed for the current ywill not exceed the tax calling
established for than hamesteada.'
See the reverse side of this notice and the enclosed protest form, should you disagree with any of the above information.
The deadline for filing a protest Is June 22, 1998. The Appraisal Review Board will begin hearings on June 22, 1998.
In each taxing unit listed, the governing body decides whether property taxes increase. The appraisal district determines only
the value of the property. If you object to increasing taxes or government spending, you should complain to the taxing units
governing body. You should complain to the appraisal office and ARS only about your proposed property value or exemptions.
THIS 1S NOT A TAX BILL - DO NOT PAY FROM THIS NOTICE
L-U 15 11 2,
G�FFO`RID-HML
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DIVIDING LINE
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