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HomeMy WebLinkAboutOrdinance - 2022-O0133 - Valencia PID 2022 Assessment Rate - 09/13/2022First Reading August 23, 2022 Item No. 7.10 ORDINANCE NO. 2022-00133 Second Reading September 13, 2022 Item No. 5.10 AN ORDINANCE REVIEWING CLASSIFICATIONS FOR THE METHODS OF ASSESSING SPECIAL BENEFITS FOR THE SERVICES AND IMPROVEMENTS OF PROPERTY IN THE VALENCIA PUBLIC IMPROVEMENT DISTRICT; APPROVING, ADOPTING AND FILING WITH THE CITY SECRETARY THE ASSESSMENT ROLL; 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, Chapter 372 of the Texas Local Government Code (the "Act") allows for the creation of public improvement districts; and WHEREAS, On July 14, 2011 the City Council passed Resolution No.2011-R0310, attached here as "Exhibit A," which made certain findings concerning the advisability of creating the Valencia Public Improvement District (the "District"), authorized and created the District as a public improvement district under the Act, and designated the Lubbock City Council as the entity responsible for the management of and provision of services and improvements to the District; and WHEREAS, On August 11, 2011, the City Council passed Resolution No. 2011-R0342, approving the Service and Assessment Plan (the "Plan"), which will be reviewed and revised each year when necessary. The revised 2022 Service and Assessment Plan (the "Plan") for the District is attached hereto as "Exhibit B;" and WHEREAS, the Act requires that the City Council review the Plan; prepare a proposed Roll and file it with the City Secretary; and schedule a public hearing to consider the proposed assessments and receive public comment on an annual basis; and WHEREAS, after published and mailed notice of the hearing, pursuant to the Act, a public hearing was held August 23, 2022, to consider objections to the proposed assessments. The City Council closed the public hearing after receiving property owner's concerns and comments (both oral and written) on proposed 2022 assessments within the District and acted on any objections to proposed assessments for particular parcels; and WHEREAS, the City desired by the calling and holding of such public hearing to provide a reasonable opportunity for any owner of property located in the District to speak for or against the 2022 assessment rate for a special assessment against real property and real property improvements exclusive of public rights -of -way, to provide funding for the District for the purpose of supplemental services and improvements; and WHEREAS, the City Council desires to review classifications and formulas for the apportionment of the costs for the services and improvements of the property in the District, Valencia P1D Assessment Ordinance 2022 (FY 2022-23) Page 1 and approve, adopt, and file with the City Secretary the proposed assessment roll (the "Assessment Roll'), attached hereto as "Exhibit C"; and WHEREAS, the City Council finds after review that the revised service plan and assessment plan are feasible and sound and will serve the needs and desires of the property owners and that the assessment rate of $0.18 per $100 value for years 2022 through 2026, as determined by the Lubbock Central Appraisal District, of the property or improvements to the property located in the District; are reasonable and adequate; and NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS: SECTION 1: THAT the facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct. SECTION 2: THAT the City Council after review of the Plan approves the method of assessing special benefits of services and improvements in the Plan. Terms relating to property taxes in this ordinance shall be used as defined in Section 1.04 of the Texas Property Tax Code. In accordance with the Plan, each property owner in the District identified for assessments in 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 3: THAT the City Council hereby approves, adopts and files with the City Secretary the Roll attached to the Plan. The Roll states an estimate of the assessment against each parcel of land in the District, as determined by the method of assessment set forth in the Plan and this Ordinance. The City Secretary shall file the Roll in the official City records. The Roll shall be subject to public inspection. SECTION 4: THAT the City Council finds that the notice of the City Council's intention to consider the proposed assessments at a public hearing on August 23, 2022 at 2:00 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 101h day before the date of the hearing. The notice stated: (1) the date, time and place of the hearing; (2) the general nature of the services and improvements; (3) the cost of the services and improvements; (4) the boundaries of the District; and, (5) that written or oral objections will be considered at the hearing. SECTION 5: THAT the City Council finds that City staff mailed to the owners of property liable for assessment, notice of the hearing as the ownership appears on the City tax roll. The notice contained the information required by the Act. The notice was mailed before the 1 Oth day before the date of the hearing to the last known address of Valencia PID Assessment Ordinance 2022 (FY 2022-23) Page 2 the property owner on the City tax roll. The failure of the property owner to receive notice does not invalidate the proceeding. SECTION 6: THAT the City Council finds that the assessments should be made and levied against the respective parcels of property within the District and against the owners thereof, and are substantially in proportion to the benefits to the respective parcels of property by means of the services and improvements in the District for which such assessments are levied, and further finds that in each case the property assessed is specially benefited by means of the said services and improvements of the District, and further finds that the apportionment of costs of the services and improvements is in accordance with the law in force in this City and the State and in the proceedings of the City heretofore had with reference to the formation of the District and the imposition of assessments for said services and improvements are in all respects valid and regular. SECTION 7: THAT there shall be and is hereby levied and assessed against the parcels of property within the District, and against the real and true owners thereof (whether such owners be correctly named or not), the sums of money calculated by applying the assessment rate to the final 2022 city net taxable value in the manner described in the assessment, attached hereto as "Exhibit B" and "Exhibit C' shown opposite the description of the respective parcels of property, and the several amounts assessed against the same, and the owners thereof. SECTION 8: THAT the several sums above mentioned and assessed against the said parcels of property and the owners thereof, and interest thereon at the rate per annum established in Section 9 together with reasonable attorney's fees and costs of collection, if incurred, are hereby declared to be and are made a first and prior lien against the property assessed, superior to all other liens and claims except liens and claims for ad valorem taxes and is a personal liability of and charge against the owners of the property regardless of whether the owners are named. The lien shall attach on January 1 of each year to the property to secure the payment of all assessments, penalties, and interest ultimately imposed for the year on the property, whether or not the assessments are imposed in the year the lien attaches and shall be effective until the assessment is paid. The lien is perfected on attachment and perfection requires no further action by the governing body. SECTION 9: THAT the assessments levied herein shall be due and payable in full on receipt of the assessment bill and are delinquent if not paid by January 31, 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 calendar month it is delinquent plus one percent for each additional month or portion of a month the assessment remains unpaid prior to July 1 of the year in which it becomes delinquent. However, an assessment delinquent on July 1 incurs a total penalty of twelve percent of the amount of the delinquent assessment without regard to the number of months the assessment has been delinquent. A delinquent assessment continues to incur the penalty provided by this section as long as the assessment remains unpaid, regardless of whether a judgment for the delinquent Valencia PID Assessment Ordinance 2022 (FY 2022-23) Page 3 assessment has been rendered. That if default be made in the payment of any of the said sums hereby assessed against said property owners and their property, collection thereof, including costs and attorney's fees, shall be enforced by the governing body in the same manner that an ad valorem tax lien against real property may be enforced by the governing body under Chapters 31, 32, and 33 of the Texas Property Tax Code. The owner of the assessed property may pay at any time the entire assessment on any lot or parcel, along with any interest and penalty that has accrued on the assessment. SECTION 10: THAT all assessments levied are a personal liability and charge against the real and true owners of the premises described, notwithstanding such owners may not be named, or may be incorrectly named. SECTION 11: THAT the assessments herein levied are made and levied under and by virtue of the terms powers and provisions of the Act, as amended. SECTION 12: THAT the City may contract with the Lubbock Central Appraisal District and any competent attorney to collect the assessments and to represent the District to enforce the collection of delinquent assessments. The attorney's compensation shall be set in the contract, but the total amount of compensation provided may not exceed twenty percent (20%) of the amount of delinquent assessment, penalty, and interest collected, as required in Section 6.03 of the Texas Property Tax Code. AND IT IS SO ORDERED. Passed by the City Council on first reading on August 23 ,2022. Passed by the City Council on second reading on September 13 92022. — � ; �/r �-Ior TRAtf.ArK, MAYOR ATTEST: Q-P-LU-4 0 - jr Rebec4 Garza, 'Citj Secre Valencia PID Assessment Ordinance 2022 (FY 2022-23) Page 4 APPROVED AS TO CONTENT: D. Blu KostelieK, Chief Fin Officer AP ROVED AS TO FORM: Ke li Leisure, Assistant City Attorney Ord. Valencia PID Assessment Ordinance 2022 August 23, 2022 Valencia PID Assessment Ordinance 2022 (FY 2022-23) Page 5 Resolution No. 2011-RO310 EXHIBIT A July 14, 2011 Item No. 6.4 RESOLUTION WHEREAS, a petition has been received from the record owners of taxable real property representing more than 50 percent of the appraised value (as determined by the most recent certified appraisal roll of the Lubbock Central Appraisal District) of an area within the City of Lubbock generally bounded by generally bounded by 85" Street on the north, 88* Place on the south, Iola Avenue on the east, and Milwaukee Avenue on the west, AND owners of not less than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the proposal; requesting establishment of a Valencia Public Improvement District under Chapter 372 of the Texas Local Government Code for the purpose of maintaining Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and greens; landscaping, hardscape and irrigation; including costs of establishing, administering and operating the District; and WHEREAS, the petition, a copy of which has been attached as Exhibit "1," was examined, verified, found to meet the requirements of Section 372.005(b) of the Texas Local Government Code, and accepted by the City Council of the City of Lubbock, Texas (the "City"); and WHEREAS, the boundaries of the proposed Valencia Public Improvement District within the city limits of the City of Lubbock are described in the attachment designated as Exhibit "2" and shown on the map attached hereto as Exhibit "3' ; and WHEREAS, the City has called a public hearing to hear public comments on the advisability of the proposed public improvement district and its benefits to the City and to the property within the boundaries of the proposed public improvement district; and WHEREAS, notice of such public hearing was published in the Lubbock Avalanche -Journal, a daily paper of general circulation in the City, such publication date being before the 15' day before the date of the public hearing stating the time and place of the hearing, the general nature of the services, the estimated cost of the services, the proposed boundaries of the proposed Valencia Public Improvement District, the method of assessment, and the apportionment of cost between the improvement district and the city as a whole; and WHEREAS, written notice containing the information in the published notice was mailed before the 15a' day before the date of the hearing to the current addresses of the owners, as reflected on the tax rolls, of property subject to assessment under the proposed public improvement district; and Valencia PID Establishment EXHIBIT A WHEREAS, such hearing was convened at the time and place mentioned in the published notice, on the 141h day of July, 2011, at 9:30 o'clock a.m., in the Council Chambers of the City of Lubbock, Texas; and WHEREAS, the City, at such hearing, invited any interest person, or his/her representative, to appear and speak for or against the authorization of the Valencia Public Improvement District, the boundaries of the proposed public improvement district, whether all or a part of the territory which is described in Exhibit "2" attached hereto and depicted on the map attached hereto as Exhibit " 3" should be included in such proposed Valencia Public Improvement District, the advisability of the proposed improvements. the nature of the improvements, the estimated costs of the improvements: the method of assessment, and the apportionment of costs between the district and the city as a whole: and WHEREAS, all owners of property located with the proposed Valencia Public Improvement District and all other taxing units and other interested persons were given a reasonable opportunity at such public hearing to protest the authorization of the Valencia Public Improvement District and'or the inclusion of their property in such District: and WHEREAS, the proponents of the Valencia Public Improvement District offered evidence, both oral and documentary, in favor of all of the foregoing matters relating to the creation of the Valencia Public Improvement District, and opponents of the Valencia Public Improvement District were given the opportunity to appear to contest authorization of the district, after which the hearing was closed; NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS: SECTION 1: That the lacts and recitations contained in the preamble of this ordinance arc hereby found and declared to be true and correct. SECTION 2: That the City Council, after conducting such hearing and having heard such evidence and testimony, has made the following findings and determinations based on the evidence and testimony presented to it: (a) That the public hearing on the advisability of authorizing the Valencia Public Improvement District has been properly called, held and conducted and that notice of such hearing has been published and mailed as required by law and delivered to the current address of the owners of property subject to assessment under the proposed public improvement district. (b) That authorization of the proposed Valencia Public Improvement District with boundaries as described in Exhibits -2" and "Y' for the purpose of maintaining Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located Valencia PID Establishment 2 EXHIBIT A therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and greens; landscaping, hardscape and irrigation; including costs of establishing, administering and operating the District is advisable and will result in benefits to the City, its residents and property owners in the Valencia Public Improvement District. (c) That the total estimated cost of services and improvements proposed to be provided by the District is approximately $56,829 over the next five (5) years, and that the estimated annual cost rises from $4,500 in year two to $19,149 in year five (5). Services anticipated are maintenance of 87`h Street park and median, electric costs for lights, and operational and administrative costs. (d) That the costs are based on a proposed assessment rate of $0.11 per $100.00 of valuation through year 2019. (e) That as to apportionment of cost between the proposed District and the City, all costs for proposed improvements will be paid by the District through assessments. SECTION 3: That the City hereby authorizes under Sections 372.006, 372.010, and 372.041 of the Act, a public improvement district over the area described in Exhibit 2 attached hereto and depicted in the map attached hereto as Exhibit 3 and such public improvement district shall hereafter be identified as the Valencia Public Improvement District, City of Lubbock, Texas. SECTION 4: That the City Council shall be the governing board for the Valencia Public Improvement District. The City Council may appoint an Advisory Board for management of the District in the future. SECTION 5: That the notice of this authorization for the Valencia Public Improvement District shall be published in a newspaper of general circulation in the city. SECTION 6: That if any section, paragraph, clause or provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section paragraph, clause or provision shall not affect any of the remaining provisions of this Resolution. Valencia PID Establishment 3 EXHIBIT A Passed by the City Council on July 14 .2011. TOM MARTIN. MAYOR ATTEST: Re cca Garza. City Secretary APPROVED AS TO CONTENT: Andy 13rcham Chief Financial Officer APPROVED AS TO FORM: Linda L. Chamales, Economic Development Attorney aa/cityatt/Lmda/Valencia PID Establishment Ma? 18.2011 Valencia PID Establishment 4 EXHIBIT A A ExhibiXHIBI Resolution No. 2011-RO310 CITY OF LUBBOCK § COUNTY OF LUBBOCK § STATE OF TEXAS § CERTIFICATE OF PUBLIC RECORD I hereby certify, in the performance of the functions of my office, that one signature on the attached document has been verified and that the same constitutes record owners of taxable real property representing more than fifty percent (5001o) of the appraised value of the property (as determined by the current roll of the Appraisal District, January 1, 2011) in the area known as Valencia, as shown on that attached map, AND owners of more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the proposal as required by Section 372.005(b) of the Texas Local Government Code; the one petitioner owns 100% of land; said documents appear of record in my office and that said documents are an official record from the public office of the City Secretary of the City of Lubbock, Lubbock County, State of Texas, and is kept in said office. I further certify that I am the City Secretary of the City of Lubbock, that I have legal custody of said record, and that I am a lawful possessor and keeper and have legal custody of the records in said office. In witness whereof I have hereunto set my hand and affixed the official seal of said office this 16th day of May, 2011. (City Seal) Rebetsca Garza ( \ City Secretary v City of Lubbock Lubbock County, State of Texas EXHIBIT A Exhibit "I" ` city of Lubbock TEXAS May 5, 2011 To: Becky Garza, City Secretary- Cheryl Brock, Senior Financial Analyst Rob Allison, Assistant City Manager From: Sally Still Abbe, GIS Manager Re: Valencia Petition Recently, the City Of Lubbock received a petition dated April 8, 2011 from Drew Wegman, Vice -President of Real Property Resources, Inc., requesting that the City of Lubbock establish a Public Improvement District (PID) for the proposed Valencia development shown on the attached map. PID establishment can only be initiated by a petition of property owners who meet two tests outlined in the state statute. There is only one owner of land within the PID boundary, and the vice-president of this company signed the petition. The first test is that the petition is sufficient if signed by the owners of taxable real property representing more than 50% of the appraised value of the taxable real property liable for assessment by the current roll of the appraisal district (January 1, 2011). Since the petitioners own 100% of the property within the boundary, the petition easily passes the value test. The second test is that the petition must be signed by the record owners of property that constitute more than 50% of the number of record owners or the record owners of more than 50% of the area within the PID. There is only one owner in the PID, who signed the petition. Real Property Resources, Inc. owns l 00% of the land, so the petition passes both tests even though it is required to pass only one. The notarized signature on the Valencia petition was validated by a visual review EXHIBIT A Exhibit"I" PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE ; vIPROVEMENTS TO VALENCIA THE STATE OF TEXAS § § CITY OF LUBBOCK § TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK: The undersigned petitioners (the "Petitionerel, acting pursuant to the provisions of Chapter 372, Texas Local Government Code, as amended (the "Act"), request that the City of Lubbock create a public improvement district (the "District") in the territory described in Exhibit A attached hereto (the "Land") within the City of Lubbock. Texas (the "City"), and in support of this petition the Petitioners would present the following: SMading of Petitioners. In compliance with the requirements of Texas Local Government Code, Section 372.005(b), as determined by the current roll of the Lubbock Central Appraisal District, the Petitioners constitute: (i) the owners of taxable real property representing more than 50% of the appraised value of real property liable for assessment under the proposal described herein, and ru) the record owners of taxable real property that constitutes more than 50% of the area of all taxable real property that is liable for assessment under such proposal. Section 2. Ceneral_natur+e_of the pmQr gad maintenance of the Rublk improverr nr� The general nature of the proposed public improvements is: (1) maintenance of Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities. pavilions, community facilities, irrigation, walkways, lighting, fences, benches, trash receptacles and any similar items low therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and greens; landscaping. hardscape and irrigation, and (ii) costs of establishing, administering and operating the District. The improvements associated with the Public Improvement District are a benefit to the affected property and to the city of Lubbock because they visually enhance the area as well as provide a common anew for residents to enjoy increasing the overall quality of life in the affected area Section 3. Estimated oast of the maintenance of the MMggsed public improvements; Annual maintenance costs - $18.000. • The proposed boundaries of the District are described in Exhibit A. Section 5. bfthad Qf assessment. An assessment methodology has been prepared that will address (i) how the costs of the public improvements paid for with the assessments are assessed against the property in the District, (ii) the assessments to be collected each year. and (iii) reduction of the assessments for costs savings (pursuant to the annual review of the service plan for the District). Additionally. a report will be prepared showing the special benefits accruing to property in the District and how the costs of the public improvements are assessed to LUMMIRM r" laswoo_IMM EXHIBIT A Exhibit "1" property on the basis of the special benefits. The result will be that equal shares of the costs will be imposed on property similarly benefited. In assessing the maintenance of the public improvements, property will be classified based on the net taxable value of the property. The assessment methodology will result in each parcel paying its fair share of the costs of maintaining the public improvements based on the special benefits received by the property from the public improvements and property equally situated paying equal shares of the casts of the public improvements. The annual budget is subject to review by City of Lubbock staff and final approval by the City Council. The annual assessments may be adjusted as a result of the City of Lubbock staff review and City Council approval. Section 6• AgpoWa nt_of CM bangen the_ Citymd_ the Diwict. The City will not be obligated to provide any funds to finance the proposed public improvements or maintain the public improvements. All of the costs of the proposed public improvements will be paid by assessments of the property within the District and from other sources of funds, if any, available to the developer of the Land. Section 7. Management of the District. The City will manage the District, or, to the extent allowed by law, the City may contract with either a non-profit, or a for -profit organization to carry out all or a part of the responsibilities of managing the District, including the day -today management and administration of the District. Section S. Adyb ry An advisory board may be established to develop and reconmmad an improvement plan to the City Council of the City (the "City Council"). The signers of this petition request the establishment of the District and this petition will be filed with the City Secretary in support of the creation of the District by the City Council as herein provided. W920013 M DAN 100" o_1.noc [Signature on following page] .2- EXHIBIT A Exhibit "1" PETITIONERS: Real Property Resources, Inc. R�w U Drew wegman, T -President of Real Property Resources, Inc. THE STATE OF TEXAS COUNTY OF LUBBOCK On this, the a day of April, 2011, before me, the undersigned Notary Public, personally appeared Drew Weginan who acknowledged that he is Viee-President of Real Property Resourees, Inc., and that he, in such capacity, being duly authorized so to do, executed the foregoing petition for the purposes therein contained by signing his name in such capacity. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. Signature Page for Petition EXHIBIT A Exhibit "l" EXAIBff A The Land METES AND BOUNDS DESCREMON: .A 39.941 ACRE TRACT OF LAIN) SITUATED 1N THAT CERTAIN 199.832 ACRE TRACT OF LANND RECORDED IN VOLUME 037, PAGE t74 OF THE REAL. PROPERTY RECORDS OF LUBBOCK COUNTY, INCLUDING TAT 4B OF SPECTRA LUBBOCK SOUTHWEST. AN ADDITION TO THE CITY OF LUBBOCK. LUBBOCK COUNTY. TLC M ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN FLAT AND DEDICATION N0: = 044435 OF THE OFFICIAL PUBLIC RECORD$ OF LUBBOCK COUNTY. AND LOCATED IN SECTION 28, BLOCK AK. LUBBOCK COUNTY. TEXAS. SAID 39 941 ACRE TRACT BEING RMWER DESCRIBED BY METES : WD BOUNDS AS FOLLOWS: BEGLNMlNG AT A t/2" IRON ROD WITH CAP MARKED "SIEVENS RPTS 4339" SET IN nm EAST LINE OF LOT 44, SPECTRA LUBBOCK SOU `nffEST. AN ADDIRON TO THE CITY OF LUBBOCK, LUBBOCK COUNTY. TEXAS. ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION ENO.2006044435 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND & CIO 49F 050 W. A DISTANCE OF 175.00 FEET FROM THE SOUTHWEST CORNER OF TRACT A-1, A REPLAT OF TRACT A, MONTEREY CHURCH OF CHRISI ADDITION, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY. TEXAS. ACCORDING TO THE MAP OR PLAT MIBREOF RECORD® IN VOLUME 10299, PAGE 264 OF THE OFFICIAL. PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE NORTHWEST CORNER OF THIS TRACT. HAVING COORDINATES OF NORTHING: 7,BZ079.842 AND FASTING: 916.426.179. TEXAS COORDINATE SYSMM, TXNC ZONE 4202, NAD 83 (CORS %). WHENCE THE NORTHWEST CORNER OF SECTION 28 BEARS N. 01° 4V OS- E. A DISTANCE OF tOO1.91 FEET. N. Ot° 54' 20- L A DISTANCE OF 35A0 FEET AND N. 880 OV 40- W: A DISTANCE OF 1360.47 FEE', PER CALLED DISTANCES IN SAM PLAT OF TRACT A-1 AND IN PREVIOUS WARRANTY DEEDS RECORDED IN VOLUME 6937, PAGES 174 AND 178 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY; THENCE & $60 1? Ot- E, PARALI-EL WITH THE SOUTH LINE OF SAID TRACT A-1 (PREVIOUS RECORD CALL EAST), AT A DISTANCE OF 125= FEET PASS A 1/Y IRON ROD WITH CAP MARKED "STEVENS RPLS 4339- SET IN REFERENCE. CONTINUING FORA TOTAL DISTANCE OF 128= FEET TO A 1/2" MON ROD WITH CAP MARKED "STEVENS RPLS 4339" SET IN THE EAST LINE OF SAID 199.832 ACRE TRACT FOR THE NORTHEAST CORNER OF THISTRACn THENCE 1016 AT Or W, ALONG THE EAST LINE OF SAID I99.832 ACRE TRACT (PREVIOUS RECORD CALL- S. Up Or SO- L) AND THIN CENTERLINE OF IOL.A AVENUE AS DEDICATED BY THE PLATS OF REGAL PARK, ACCORDING TO THIN MAPS OR PLATS THEREOF RECORDED IN VOLUME $405, PAGE 286 AND VOLUME lotl4, PAGE 58 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY. A DISTANCE OF 992.97 FEET TO A PK NAIL AND WASHER FOUND AT THE NORTHEAST CORNER OF THAT CERTAIN TRACT OF LAND CONVEYED TO LUBBOCK LAND IIWFSTbWl-M I, LP RECORDED IN VOLUME 10469, PAGE 124 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTTHFAST CORNER OF THIS TRACT; THENCE N. 88-19 06- W., ALONG THE NORTH L114E OF SAID LUBBOCK LAND MVEtiT11M M I. LP TRACT, AT A DISTANCE OF 3100 FEET PASS A 1/2- IRON ROD WAH CAP MARKED "H. REED & AMSOCS" FOUND, CONTINUING FORA TOTAL DISTANCE OF 1II&38 FEET MLMOUS RECORD CALL• N. 880 09' S0- W.. l l l&38 FEE) TO A 1 /2" IRON ROD WRN CAP MARKED -H. REED & ASSOC,S' FOUND FOR A CORNER OF THIS TRACT. THENCE N. 01. 4C 45- E. ALONG A PORTION OF THE NORTH LINE OF SAID LUBBOCK LAND NVESTMEiNT S T, LP TRACT. A DISTANCE OF 146.21 FEET (PREVIOUS RECORD CALLN. NO 4V Ir 1.,,146-21 FEEM TO A 1/2- IRON ROD W! TH CAP MARKED "H. REED & ASSOCr FOUND FOR A CORNER OF THIS TRACT: THENCE N. W Or 49- W.. ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVFSTMEN I S L LP TRACT, A DISTANCE OF 14UM FEET (PREVIOUS RECORD CALL N. W 10► 43- W..1467 W FEET) TO A 1/2- IRON ROD WITH CAP MARKED "SIEVENS RPI.S 4339" SET IN THE EAST RIGHTAF WAY LINE OF MILWAUKEE AVENUE, AS DESCRIBED IN DEED RECORDED IN VOLUME 9735, PAGE 349 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTHWEST CORNER OF THIS TRACT; TM4CE N. 010 43' 1" E.. ALONG THE EAST RIGHT-OF-WAY LIVE OF MILWAUKEE AVENUE (PREVIOUS RECORD CALL N. Ot° 4Y Sr E). A DISTANCE OF 29200 FBBITO A S/8- IRON ROD FOUND ATTHE HE SOUTHWEST CORNER OF TRACT A, WAtMART SUPERCENTER, AN ADDITION TO THE CITY OF LUBBOCK ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NA 2WO24909 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY. FOR TILE MOST WFMTERLY NORTI LWESI CORNER OF TT IIS TRACT: A-1 EXHIBIT A Exhibit "l" 'I'HENCE S 88° OV W L, ALONG THE SOUTH LINE OF SAID TRACT A. A DISTANCE OF 915.02 FWr (PREVIOUS RECORD CALL- S. 8V 101 IV E. 914.93 FEED TO A S/r IRON ROD WITH CAP MiUMED "DUNAWAY ASSOC, INC' FOUND AT THE SOUTHEAST CORNER OF SAID TRACT A AND 7I1H SOUTHWEST CORNER OF LOT 46 OF SAID SPECTRA LUBBOCK SOUTHWEST, FOR A CORNER OF THIS TRACT. THENCE N. 01° -W 50" E. AIANG TIME COMMON LINE OF SAID TRACT A AND LOT 48. A DISTANCE OF M" FEET (PREVIOUS RECORD CALL. N. 01- 49' 50" E., 282.78 FECI) TO A 1/2" IRON ROD WITH CAP MARKED "S'IEVENS RPLS 4339" SET AT THE WEST COMMON CORNER OF WD IXM 4A AND 4B FOR A CORNER OF THIS TRACT. THENCE S. 880 IW 10" E, ALONG THE COMMON LINE OF SAID IRIS 4A AND 4B. A DISTANCE OF 388.52 FEET (PREVIOUS RECORD CALL: S. W 10 IV E. UL47 FEET) TO A 1/Y IRON ROD WITH CAP NARKED "STEVENS RPLS 4339" SET ATTHE EAST COMMON CORNER OF SAID LOTS 4A AND 48 FOR A CORNER OF THIS TRACE, THENCE N. Ol° 4r Or E, ALONG THE EAST LINE OF SAID LOT 4A (PREVIOUS RECORD CALL:- N. 010 49F le EN A DISTANCE OF 27131 FEET TO THE POINT OF BEGINNING. A-2 EXHIBIT A Exhibit "1" BETENBOUGH HOMES — April 8, 2011 Cheryl Brock City of Lubbock, TX 162513* Street Lubbock, TX 79457 Re: Valencia, Public Improvement District Dear Honorable Mayor and City Council; Valencia is a residential development within the city limits of the City of Lubbock bound on the west by Milwaukee Avenue, the east by Iola Avenue, the north by Monterey Church of Christ, and the south by The Trails at Regal Park. We are proposing to create a Public Improvement District "PID" to maintain the public improvements for Valencia. In order to comply with the "Public Improvement District Policies and Guidelines", we are providing information as required in Section III. "Guidelines", b. "Petition Requirements". We are providing information regarding items 5-16, as follow: S. If the there is sufficient support to petition to dissolve the Public Irnprovement District certain requirements in addition to sufficient support must be met in order to dissolve the PID. Those requirements include arrangements to transfer ownership and maintenance of the City owned and PID maintained property. These arrangements are to be made by the Advisory Board and with fimds available to the Advisory Board 6. Map of the area is attached to this email to be added to the petition. 7. In regards to the procedure for the nomination of the PID Advisory Board, the process shall be consistent with the bylaws for Public Improvement Districts for the City of Lubbock. S. Addressed in Section 2 of the petition. 9. City owned land in the distinct will be "Tract A 8t Tract B, Valencia, an addition to the City of Lubbock". 10. General description of proposed improvements in Section 2 of the petition. 11. The estimated total cast of the improvements is $200,000.00 and will be paid by developer with no desire for any reimbursement. The estimated cost of fire maintenance is $18,000 per year and is to be paid for by the PID as soon as the funds are available. 12. Budget is attached in the service plan. EXHIBIT A Exhibit "I" BETENBOUGH -HOMES- 13. Method of assessment will be base on the net taxable value of the affected properties and will be assessed at S.11 per S 100.00 valuation. 14. Documentation of liability insumaoe will be attached to this letter IS. Addressed in Section b of the petition 16. Addressed in Section S of the petition Hop&Wy this will provide all of the information requested to continue with the creation of the PID. Please let me know if you have any questions or require any additional information. siiAw Community Developmeat Betenbough Homes A oAw • ill 4 � �R agar s4oreet posy • RMWdit ..aw g Q •2ar.elw 2N2�,r gal EXHIBIT Resolution No. 2011—RO310 as wa• vm wr own +mm m m "'°°� � ms2a• a 2ausr K 2~ vm. w4m1 M 114 i�2172T. ,raw wul Arlo W"I AV" w 2lIL wa k ano SURVEY OF 11MM WACIS OF LAND IN THE NORTH WEST QUARTER OF SECTION 29, BLOCK AK «uoor LUBBOCK COUNTY, TEXAS M=•SOUMSDESCR1 fl=QNSVARMEDOCUMMS mmm 1: a.2a�ltr. PAT w��r�soA"iamilloli ar° i �4 as ► ow ::,� .. =IM Miamm a0 to W. Z-,. m orlMt`OR' ua.ww �elsa{1°�s w�apm� wt10' 96mi ' w O101.mQ AIO aIO'. VJM9 m oaaa 31 NO 1404 1 1 2M %i m At a I al► 80'summ A ne 11A1 4w tK w ml p2nlOR m /N 4 OSKUM e+ A PAL NO sl�saasmiOtal ae na R an +2aaor 2elArmns a ■ e o2NA2m2ac eleoec eut Noma am, me mlwae ^00 ee =00 tK or ass m Mom wlom 6 EXHIBIT A Exhibit "I" Resolution No. 2011-RO310 � i�illlt �,1 !! 11111111111 1111p ;1 1' is;! liljl;t': J r"IfW..i tiff 1' EXHIBIT A Resolution No. 2011-RO310 Exhibit K2" The Land METES AND BOUNDS DESCRIPTION: A 39941 ACRE'TRACT OF LAND SITUATED IN THAT CERTAIN 199.932 AC:RI: TRACT OF LAND RECORDED IN VOLUME 6937, PAGE 174 OF T'l IE REAL PROPERTY RECORDS OF LUBBOCK COUNTY. INCLUDING LCYI' 4B OF SPECTRA LUBBOCK SOUIIIWGST, AN ADDITION TO THE CITY Olt LUBBOCK, LUBBOCK COUNTY, 11:XAS, ACCORDING TO THE MAP OR MAT T1 IEREOF RECORDED IN PLAT AND DEDICATION NO.2006044435 OF 11-11: OFFICIAL. PUBLIC RECORDS OF LUBBOCK COUNTY, AND LOCAIT.D IN SECTION 28. BLOCK AK, LUBBOCK COUNTY, TEXAS, SAID 39.941 ACRE TRACT BITING !•'URTI TER Dl-=IBIID BY MEN 11 S AND BOUNDS AS FOLLOWS BEGINMNG AT A 1 /2" IRON ROD WIT! I CAP MARKED "STEVENS RPLS 4339" SHM IN TI IE EAST LINE OF LOT 4A, SPECTRA LUBBOCK SOUTIIWBSI; AN ADDITION 1O THE CITY Olt LUBBOCK, LUBBOCK COUNTY, WWAS, ACCORDING TO THE MAP OR PLAT" I! IEREOF RECORDED IN PiA'I' AND DEDIC.X\'ION NO.2006044435 01: TI IE OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY. AND & 010 49' 05" W. A DISSTANC: Olt 175.0017:1:1' PROM '11.11% SOU11 [%M%T CORNER Wt 'TRACT A-1, A REPLAT OF 'TRACT' A, MON IT.RI:Y Cl IURC.I-I OF (;I•IRIST ADDITION. AN ADDIT'ION'IO 1TIR CITY OF LUBROCK, LUBBOCK COUN7Y,'1'F.XAS, ACCORDING -1'0'L'HLt A{AP OR PL/11'11-IEREOF RECORDED IN VOLUME 10299. PAGE 264 OF ITIR OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, FOR THR NOR'l'HWEST CORNER OF TIIIS TRACT; HAVING COORDINATES OF NOICIII[NG: 7,252,079.942 AND EAS"I'ING: 916,426.179, 'l1:XAS COORDINATE: SYSTT:M, 'l7CNC ZONE 4202. NAD 83 (CORS 96). WI IENrR TI-IR NORTHwEsT CORNER OF SI:CI'ION 28 BEARS N. 01* 49' 05" I» A DLS"I'ANCE- OF 1001.91 F'R-LT. N. 01" 54' 20" E. A DISTANCE Olt 55.00 FIXl' AND N. 88" OS' 40" W. A DWI'ANC:E OF 1360.47 FELT. PER CALLED DISTANCES IN SAID PLAT OF TRACT' A-1 AND IN PREVIOUS WARRANTY DI:E:DS RECORDED IN VOLUME 6937, PAGES 174 AND 178 OF THE REAL. PROPERTY RECORDS OF LUBBOCK COUNTY; THENCE S. 88" 11' 01" R, PARALId'.1. WIT71 TIIE SOVIH LINE OF SAID'IRACT A-1 (PREVIOUS RECORD C,ALI. EAS71), AT A DISTANCE, Olt 1250.20 FEET PASS A 1 /2" IRON ROD WIT'11(:AP AIARKI:D "S"LE% CNS RP1S 4339" SL-T IN REPIL-RENMi CON71NUING 1.OR A TO'l'Al. D1.S7 ANCE OF 128220 FRIJ-1- TO A 1/2" IRON ROD WMI CAP MARKED "S'17:VENS RPIS 4339" SET IN 11 IR HAS1' LINE OF SAID 1".932 ACRE TRACT' 14JR '11•IE NORTHEAST' CORNER OF T I IIS TRACT; 1'HF.NCF. S. 01° 45' 05" W, ALONG THE EAST LINE OF SAID 1".832 ACRH RAC-1- (PREVIOUS IUWORD CALI: S. 00" 02' 50" I-) AND THE CI:N'l'ERL[NE OF IOLA AVENUE AS DRDICK110 BY 1.111: PLATS OF REGAL. PARK, ACCORDING TO THE MAPS OR PI.A'IS T'I IEREOP RECORDED IN VOLUME 8405, PAGE 286 AND VOLUME 10114. PAGE 58 OF THE OFFICIAL. PUBLIC RECORDS OF I.UBBOCK COUNTY, A DISTANCE OF 992.97 FEET TO A PK NAIL. AND WASHER FOUND AT'11•IE NOIt11[EAST CORNER OF'17[AT CI'WI'AIN TRACT OF LAND CONVEYED 1`0 LUBBOCK LAND INVESTMENTS I. 1.1' RECORDED 1N VOLUME 10469, PACE 124 OF 11IE OFFICIAL. PUBLIC: RECORDS OF LUBBOCX COUNTY, FOR TI If: SOU7 ! WAST CORNER OF'11 I IS 11WT; 71 IENCE N.118" 10' 05" W., ALONG T1IE NORTH LINE OF SAID LUBBOCK LAND INVESITIENTS I, LP TRACT, AT A DISTANCE OF 3ZW FEET PASS A 1/2" IRON ROD WITH CAP MARKED "H. REED & ASSOCS" FOUND, CONTINUING FOR A TOTAL. DISTANCE OF 1118.38 FI:F:I' (PREVIOUS RECORD CALL- N. 88" 49' S0" W., 111&38 FELT) TO A 1/2" IRON ROD WITI I CAP MARKED "H. REED & ASSO(-,S" FOUND FORA CORNER OFTI LIS TRACT 111ENCE N. Ol° 4S 45" is , ALONG A PORTION 01: HE NORTH LINT: OF SAID LUBBOCK LAND INVE.STMF.N I'S I. LP TRACT. A DISTANCE OF 146.21 PERT (PREVIOUS RECORD CALL: N. Ol ° 48' 13" E.,14621 FRE1) T'O A I/2" IRON ROD WITH CAP MARKED `1 [. REED & A.S.SOC;.S" FOUND FOR A CORNER OF Tl IIS'I'RACI '1111-NCH N. W 09' 49" W.. ALONG '1'I II: NORT'I I LINE Olt SAID LUBBOCK LAND INVES77NF.N'I:S 1. LP T ACl; A DISTANCE OF 146&08 FEICI' (PREVIOUS RECORD CAII: N. W 10' 43" VIW.,1467.86 FEL-'() TO A 1/2" IRON ROD WCl'H CAP MARKED "SfEVC:NS RPIS 4339" SET IN THI: EAST R[GI1TOF-WAY LINE OF MIL WAUKEE AVF.NUI, AS DESCRIBED IN DEED RECORDED IN VOLUME 9735, PAGE 349 OF THE OFFICIAL PUBIC RECORDS OF LUBBOCK COUNTY, FOR THE SOUTI I WEST C.ORNFR OF 7111S TRACT . TI[ET1CI. N. 010 4Y 17" E., ALONG 7111' HAS'l' RIGLIT-OP-WAY LINE OF MILWAUKEE AVENUIR (PREVIOUS RECORD CALL: N. 01° 4S Sr I-). A DISTANCEl Olt 29100 FWr TO A 5/8" IRON ROD FOUND AT 71•IE SOU1WWF.ST CORNER Olt TRACT A, WALMART SUPERCI•:NI'FA. AN ADDITION TO 171E CITY Olt LUBBOCK, ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO.2W6024909 OF 71IE OFFICIAL. PUBLIC RECORDS Olt I.UBBOCK COUN7Y,110R THE MOSTWES EW' Y NOR11 LWGSI' CORNER OF 71 US TRAIT; A-1 EXHIBIT A THIiNCE S. W 09 54" 1, ALONG TI lE SOU7Tl LINE OF SAID TRACT A. A DISTANCE: OF 915.M FRET (PREVIOUS RECORD CAIJ.: S 8r IV 10" E, 914.93 1+ iEl) TO A 5/8" IRON ROD WITH CAP MARKED "RUNAWAY ASSOC, INC" FOUND A'1' THE: SOUTI IFAS7' CORNER OF SAID TRACT' A AND 11IE SOU'ITIWIiST CORNER OF LOT 4B 01: SAID SPIs(:IRA LUBBOCK SOU1'HWI+..ST, FOR A CORNER OF'ITIIS TRACT; 11iliNCE N. 010 49' SO" E, ALONG T!!E COMMON LINE 01: SAID TRAC'I' A AND I.01' 4B, A DISTANCF. OF 28159 IMET (PREVIOUS RECORD C.AI.1.: N. 01° 49' SW H., 28178 ITF l) TO A 1/2" IRON ROD WI'!Yi CAP MARKED "911WENS RPLS 4339" SlIT NI' TI lE WEST' COMMON CORNER OF SAID 1015 4A AND 411 FOR A CORNER OK THIS TRAC7, TI IIiNCE S. 880 IV 10" E. ALONG 171E COMMON LINE OF SAID LOTS 4A AND 4B. A DISTANCE OF 38852 FEET (PREVIOUS RECORD CAL4 S 880 IV 10" I:, 388.47 FEM-) TO A 1/2" IRON ROD WITI I CAP MARKED-STEVENS RPI S 4339" SFT AT TI IE EAST' COMMON CORNI:R OP SAID LOTS4A AND 4B MR A CORNER OF THIS TRACE: WENCH N. 01* 49' 05" E. ALONG'ITIIi EAST' LINE OF SAID LOT 4A (PREVIOUS RIX..ORD CALL.: N. 01° 49' 14" H.), A DI,4TANCIs OF 271.71 FEET TO THE POINT OF BEGINNING. A-2 82MID ST - . I - .��. .7 1 <1 I . .. ... J ui . .. - I � V. LLJ ---------- --T-86:T.H!S T T1 i-ST- F�x 171-1- 1 - :-89-T-H-S-T- . A. r LU Q V. < �3�,, 0 D -1,90 Fi-rS-Ti = T� "li4" F, 1 I�W _ ;, :--§:;�F S -T==Z;-- IT t EXHIBIT B City of Lubbock, TX Finance Department Valencia PID Proposed 2022 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 Citv under Tax Code Section 26.04. * Assessment rate will be $0.18/$100 valuation. * All property will be assessed based on the final 2022 "net taxable value". Service Plan Tax YearA Property Values* Discounted Property Values Fiscal Year Revenues Interest Earnings Assessment @ $0.18 Total Expense Maintenance of Park and Median Repairs Public Improvement Projects Park Equipment Maintenance Electric Costs Water Cost Administrative Costs Annual Operation Cost (I -CAD Collection Cost, Public Hearing, Mailouts, and other Operations cost) Total Cash Reserve * Property Value growth rate = 2.1%annually Discounted Property Values - 95 Percent A Year that the construction value goes on the tax roll Adopted Budget Proposed Budget Projected Totals 2021 2022 2023 2024 2025 2026 32,647,352 36,945,231 37,721,081 38,513,224 39,322,001 40,147,763 40,147,763 31,014,984 35,097,969 35,835,027 36,587,562 37,355,901 38,140,375 38,140,375 2021-22 2022-23 2023-24 2024-25 2025-26 2026.27 1 Totals $ 907 982 1,082 1,103 1,126 1,152 $ 6,352 55,827 63,176 64,503 65,858 67,241 68,653 1 385,257 $ 56,734 64,15g 65,585 66,960 68,367 69.805 $ 391,610 $ 28,000 31,000 31,620 32,252 32,897 33,555 $ 189,325 5,000 5,000 5,100 5,202 5,306 5,412 31,020 15,000 10,000 2,500 2,500 2,500 2,500 35,000 2,500 2,500 2,500 2,500 2,500 12,500 8,253 3,000 %060 3,121 3,184 3,247 23,865 1,530 2,800 2,856 2,913 2,971 3,031 16,101 8,822 10,648 10,861 11,078 11,300 11,526 64,235 7,460 5,617 5,729 5,844 5,961 6,080 36,691 $ 74,065 70,565 64,226 65,411 66,619 67,851 $ 408,738 $ 78,5661 72,159 73,518 75,068 76,815 78,769 $ 78.769 Assessment Information for $100,000 Home $ 180.00 EXHIBIT B 2022 Service and Assessment Plan Sec. 5.014. NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT. (a) A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, shall first give to the purchaser of the property the [a] written notice prescribed by Subsection (a-1) or (a-2), as applicable. (a-1) Except for the notice prescribed by Subsection (a-2), the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENTTO (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 [air a ,t] to (insert name of [a] municipality or county, as applicable), Texas, for the costs of a portion of a public [aR] improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under (insert Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, as applicable). AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAYBE PAID IN FULLATANYTIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from (insert name of municipality or county, as applicable). The exact amount of each annual installment will be approved each year by (insert name of city council or county commissioners court, as applicable) in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from (insert name of [toe] municipality or county, as applicable). Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (a-2) For a district described by Section 372.0035, Local Government Code, the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENTTO (insert name of municipality levying assessment), TEXAS CONCERNING THE FOLLOWING HOTEL PROPERTY (insert property address) As the purchaser of the real property described above, you are obligated to pay assessments to (insert name of municipality), Texas, for the costs of a portion of a public improvement or services project (the "Authorized Services") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED SERVICES, WHICH MUST BE PAID IN FULL WITH EVERY PAYMENT BY THE HOTEL OF LOCAL HOTEL OCCUPANCY TAX REMITTANCES TO THE MUNICIPALITY. YOUR FAILURE TO PAY THE ASSESSMENT MAY RESULT IN PENALTIES AND INTEREST BEING ADDED TO WHAT YOU OWE, AND MAY INCLUDE THE PURSUIT OF ANY OTHER REMEDY THAT IS AUTHORIZED UNDER SECTION 372.0035(d), LOCAL GOVERNMENT CODE. Page - 1- EXHIBIT B 2022 Service and Assessment Plan Information about the calculation of the assessment may be obtained from (insert name of the municipality). The exact assessment rate will be approved each year by (insert name of city council) in the annual service plan update for the district. More information about the assessments, including the assessment rate and due dates, may be obtained from (insert name of municipality). The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (b) The seller or the municipality or county that created the public improvement district may provide additional information regarding the district in the notice prescribed by Subsection (a-1) or (a-2), including whether an assessment has been levied, the amount of the assessment, and the payment schedule for assessments. (c) This section does not apply to a transfer: (1) under a court order or foreclosure sale; (2) by a trustee in bankruptcy; (3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; (4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; (5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; (6) from one co-owner to another co-owner of an undivided interest in the real property; (7) to a spouse or a person in the lineal line of consanguinity of the seller; (8) to or from a governmental entity; or (9) of only a mineral interest, leasehold interest, or security interest. (d) For the purposes of this section, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring notice Page -2 - EXHIBIT C City of Lubbock, TX Financial Planning and Analysis Valencia PID Tax Year 2022 Preliminary Assessment Roll Property Owner Name Mailing Address Property Address Legal Description 2022 Taxable 2022 Estimated ID Value Assessment R319343 RITCHIE KERRY & STEPHANIE 610187TH ST 610187TH ST, VALENCIA L 1 518,005 932.41 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319344 HAYS BRANDON D & LAUREN 6103 87TH ST 6103 87TH ST, VALENCIA L 2 524,883 944.79 P LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319345 DENZER, CARL 6105 87TH ST 6105 87TH ST, VALENCIA L 3 523,810 942.86 LUBBOCK, TX 79424-5507 LUBBOCK, TX 79424 R319346 BETENBOUGH RON & 6107 87TH ST 6107 87TH ST, VALENCIA L 4 440,115 792.21 CONNIE LUBBOCK, TX 79424-5507 LUBBOCK, TX 79424 R319347 ANDERSON L E & DIANA P 8714 IRONTON AVE 8714 IRONTON AVE, VALENCIA L 5 498,563 897.41 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319348 RHOADES SHANNON & 8712 IRONTON AVE 8712 IRONTON AVE, VALENCIA L 6 501,184 902.13 WENDEE LUBBOCK, TX 79424-5803 LUBBOCK, TX 79424 R319349 LUSK COREY A & ROXANN 8710 IRONTON AVE 8710 IRONTON AVE, VALENCIA L 7 479,332 862.80 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319350 WINTERS GEORGE W & 8708 IRONTON AVE 8708 IRONTON AVE, VALENCIA L 8 439,856 791.74 CAROLYN K LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319351 MC DANIEL MICHAEL & 8706 IRONTON AVE 8706 IRONTON AVE, VALENCIA L 9 464,256 835.66 ROXANNE LUBBOCK, TX 79424-5803 LUBBOCK, TX 79424 R319352 BETENBOUGH HOMES LLC 6305 82ND ST 8704 IRONTON AVE, VALENCIA L 10 92,315 166.17 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R319353 TULLIS RODNEY D & DEBORA 8702 IRONTON AVE 8702 IRONTON AVE, VALENCIA L 11 488,909 880.04 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319354 CORDOVA RICARDO & 6113 87TH ST 6113 87TH ST, VALENCIA L 13 620,757 1,117.36 JULIANA LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319355 JORDAN JAMES R & YVETTE 6115 87TH ST 6115 87TH ST, VALENCIA L 14 450,999 811.80 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319356 LANCET, WILLIAM H & RITA 6117 87TH ST 6117 87TH ST, VALENCIA L 15 450,312 810.56 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319357 BABB FRANKLYN C & JANET R 6119 87TH ST 6119 87TH ST, VALENCIA L 16 485,575 874.04 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319358 BETENBOUGH HOMES LLC 6305 82ND ST 612187TH ST, VALENCIA L 17 86,190 155.14 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R319359 HO, BINH T 6123 87TH ST 6123 87TH ST, VALENCIA L 18 570,626 1,027.13 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319360 SHENG JAMES J & YING 6125 87TH ST 6125 87TH ST, VALENCIA L 19 385,921 694.66 ZHANG LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319361 BETENBOUGH HOMES LLC 6305 82ND ST 6127 87TH ST, VALENCIA L 20 65,060 117.11 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R319362 RIZZO, BILLY 6122 87TH ST 6122 87TH ST, VALENCIA L 21 58,932 106.08 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319363 NEITSCH ROGER & CYNTHIA 6120 87th ST 6120 87TH ST, VALENCIA L 22 465,645 838.16 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319364 HARTMAN ROWDY C & 6118 87TH ST 6118 87TH ST, VALENCIA L 23 457,894 824.21 ELIZABETH N LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319365 XU, KE TOM 6116 87TH ST 6116 87TH ST, VALENCIA L 24 523,381 942.09 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319366 JACKSON JONATHAN A & 6114 87TH ST 6114 87TH ST, VALENCIA L 25 538,926 970.07 AMANDA L LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319367 CONSER RUSSELL H & 6112 87TH ST 6112 87TH ST, VALENCIA L 26 436,403 785.53 ELIZABETH LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319368 SKEENS SHANE & LISA 6108 87TH ST 6108 87TH ST, VALENCIA L 27 514,370 925.87 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319369 FOY, JAMES CHARLES 6106 87TH ST 6106 87TH ST, VALENCIA L 28 574,121 1,033.42 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R319370 BETENBOUGH HOMES LLC 6305 82ND ST 6104 87TH ST, VALENCIA L 29 79,450 143.01 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 Valencia PID -- Page 1 EXHIBIT C City of Lubbock, TX Financial Planning and Analvsis R319371 BETENBOUGH HOMES LLC 6305 82NDSValencia PID Tax 002922WNUrninary As M&tffW&ft80 54,480 98.06 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R319372 MADHAVARAM, SREEDHAR 611187TH ST 611187TH ST, VALENCIA L 12 509,821 917.68 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R320815 BETENBOUGH HOMES LLC 6305 82ND ST 6124 87TH ST, VALENCIA TR A 24,544 44.18 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R320816 BETENBOUGH HOMES LLC 6305 82ND ST 8602 IOLA AVE, VALENCIA TR B 627 1.13 LUBBOCK, TX 79424-3681 LUBBOCK, TX 79424 R323451 HATCH ETT, WILLIAM G 5124 82ND ST 8605 MILWAUKEE AVE, VALENCIA OFFICE PARK L 1 625,387 1,125.70 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R323452 LEONARDO P B HOLDINGS PO BOX 94161 MILWAUKEE AVE, VALENCIA OFFICE PARK L 2 168,000 302.40 LLC LUBBOCK, TX 79493 LUBBOCK, TX 79424 R323453 THIRTEEN IS LUCKY FOR ME 8705 MILWAUKEE AVE 8705 MILWAUKEE AVE, VALENCIA OFFICE PARK L 3 710,000 1,278.00 LLC LUBBOCK, TX 79424-0940 LUBBOCK, TX 79424 R327440 BLACKWELL DANNY CRAIG & 6102 86TH ST 6102 86TH ST, VALENCIA L 31 353,085 635.55 MARY C LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 R327441 ALFARO JOSE & AMPARO 6104 86TH ST 6104 86TH ST, VALENCIA L 32 385,878 694.58 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327442 JOHNSON RYANN & HOLLY 6106 86TH ST 6106 86TH ST, VALENCIA L 33 349,969 629.94 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327443 FLEEMAN, SHANE 6108 86TH ST 6108 86TH ST, VALENCIA L 34 548,301 986.94 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327444 LEAMON ALEXANDER M & 6110 86TH ST 6110 86TH ST, VALENCIA L 35 350,773 631.39 MORGANN E LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327445 STERLING, RILEY WARREN 6112 86TH ST 6112 86TH ST, VALENCIA L 36 304,987 548.98 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327446 CAMPBELLJAMES & BRENDA 6114 86TH ST 6114 86TH ST, VALENCIA L 37 318,343 573.02 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327447 BONHAM, SUSAN 6116 86TH ST 6116 86TH ST, VALENCIA L 38 298,253 536.86 LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 R327448 GREENLEE ERIC T & LINDSAY 6118 86TH ST 6118 86TH ST, VALENCIA L 39 276,995 498.59 R LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 R327449 THOMSON SYLVIA & CARROL 6120 86TH ST 6120 86TH ST, VALENCIA L 40 326,710 588.08 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327450 BRODIE BLAKE M & JORDYN 6122 86TH ST 6122 86TH ST, VALENCIA L 41 306,713 552.08 LYN LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327451 BORDOVSKY, JASON 6124 86TH ST 6124 86TH ST, VALENCIA L 42 286,404 515.53 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327452 PENNINGTON, ROBIN L 6126 86TH ST 6126 86TH ST, VALENCIA L 43 307,593 553.67 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327453 KIRK BRANDON & BRITTNI 6128 86TH ST 6128 86TH ST, VALENCIA L 44 327,844 590.12 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327454 ARANT RUYAL D & BECKY 6130 86TH ST 6130 86TH ST, VALENCIA L 45 263,485 474.27 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327455 CLEMMONS DORIS A & 6132 86TH ST 6132 86TH ST, VALENCIA L 46 295,512 531.92 JIMMY R LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327456 BROOKS LESLEY JO & 6134 86TH ST 6134 86TH ST, VALENCIA L 47 390,416 702.75 JENNIFERLYNNE LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327457 TUCKER WESTIN WADE & 6136 86TH ST 6136 86TH ST, VALENCIA L 48 430,203 774.37 MEGAN LUBBOCK, TX 79424-6864 LUBBOCK, TX 79424 R327458 DEWEY MATTHEW & DESIREE 6138 86TH ST 6138 86TH ST, VALENCIA L 49 568,397 1,023.11 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327459 THARNISH TONY A & ANGELA 6140 86TH ST 6140 86TH ST, VALENCIA L 50 424,286 763.71 VALDERAZ LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327460 BURKHARDT JEFFREY H & 8602 KIRBY AVE 8602 KIRBY AVE, VALENCIA L 51 398,522 717.34 ELIZABETH C LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327461 MASSIE SHAWN & JENA 8604 KIRBY AVE 8604 KIRBY AVE, VALENCIA L 52 378,585 681.45 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327462 HOWARD, KATEY LOREN 8606 KIRBY AVE 8606 KIRBY AVE, VALENCIA L 53 340,347 612.62 LUBBOCK, TX 79424 LUBBOCK, TX 79424 Valencia PID -- Page 2 EXHIBIT C City of Lubbock, TX Financial Planning and Analysis R327463 WASHBURN NATHANIEL & 8608 KIRBY AVWencia PID Tax EZ@WTrAl16)inary As MA16140MI14 341,152 614.07 KAYTLAN LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327464 CANO BRENDA & ESTATE OF 8610 KIRBY AVE 8610 KIRBY AVE, VALENCIA L 55 431,008 775.81 ZENON CANO LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327465 OSBORNE CONNER & JANNIN 8612 KIRBY AVE 8612 KIRBY AVE, VALENCIA L 56 488,620 879.52 MACIAS LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327466 GOMEZ GEORGIA ANN & 6302 87TH ST 6302 87TH ST, VALENCIA L 57 305,691 550.24 ADAN RJR LUBBOCK, TX 79424-5065 LUBBOCK, TX 79424 R327467 SCHWARTZE WILLIAM C & 6304 87TH ST 6304 87TH ST, VALENCIA L 58 231,863 417.35 DEANNA E LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327468 WLUDYKA SHANE & KIRIEAN 6306 87TH ST 6306 87TH ST, VALENCIA L 59 271,880 489.38 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327469 WILLIAMS KALUE K & KEN D 6308 87TH ST 6308 87TH ST, VALENCIA L 60 274,578 494.24 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327470 EZELL, HANNAH N 4000 HULEN PL 6310 87TH ST, VALENCIA L 61 255,968 460.74 FORT WORTH, TX 76107-7386 LUBBOCK, TX 79424 R327471 PARSONS DAN & REBECCA 6312 87TH ST 6312 87TH ST, VALENCIA L 62 287,993 518.39 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327472 SINGH, SUKHBIR 6314 87TH ST 6314 87TH ST, VALENCIA L 63 286,914 516.45 LU8BOCK, TX 79424 LUBBOCK, TX 79424 R327473 SANDERS, DENISE 6316 87TH ST 6316 87TH ST, VALENCIA L 64 275,315 495.57 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327474 MARTIN MICHAEL E & JOELLA 6318 87TH ST 6318 87TH ST, VALENCIA L 65 288,396 519.11 L LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327475 YAN, YING 6320 87TH ST 6320 87TH ST, VALENCIA L 66 298,045 536.48 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327476 SHORT JEFFREY & LESLIE 6322 87TH ST 6322 87TH ST, VALENCIA L 67 275,969 496.74 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327477 ZHOU, WENXU 632187TH ST 632187TH ST, VALENCIA L 68 306,848 552.33 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327478 SANCHEZ, MIRIAM 6319 87TH ST 6319 87TH ST, VALENCIA L 69 281,783 507.21 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327479 MONTGOMERY, AUGUST 6317 87TH ST 6317 87TH ST, VALENCIA L 70 280,677 505.22 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327480 TIVIS, TIM 6315 87TH ST 6315 87TH ST, VALENCIA L 71 310,727 559.31 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327481 GILL JAMES T & BETTY J 6313 87TH ST 6313 87TH ST, VALENCIA L 72 288,057 518.50 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327482 ZHANG, RAN 631187TH ST 631187TH ST, VALENCIA L 73 279,997 503.99 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327483 ROPER MICHAEL LEE & 6309 87TH ST 6309 87TH ST, VALENCIA L 74 275,506 495.91 BRITTANY LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327484 VAUGHN, TONI 6307 87th ST 6307 87TH ST, VALENCIA L 75 269,327 484.79 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327485 GRIGGS, JONI 6305 87TH ST 6305 87TH ST, VALENCIA L 76 260,644 469.16 LUBBOCK, TX 79424-5066 LUBBOCK, TX 79424 R327486 DIXON GREGORY L & DIANA 6303 87TH ST 6303 87TH ST, VALENCIA L 77 281,436 506.58 BYERS LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327487 ZHAO TI & YUJIAO ZU 630187TH ST 630187TH ST, VALENCIA L 78 318,434 573.18 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327488 RHOADS RICHARD G & PO BOX 2899 8611 KIRBY AVE, VALENCIA L 79 300,973 541.75 LYNETTE ROSWELL, NM 88202 LUBBOCK, TX 79424 R327489 MCGEE ZACHARY & MEAGAN 8609 KIRBY AVE 8609 KIRBY AVE, VALENCIA L 80 382,116 687.81 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327490 HILLGER, CAROL 8607 KIRBY AVE 8607 KIRBY AVE, VALENCIA L 81 399,624 719.32 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327491 DAWODU MICHAEL & CAISHA DARTHARD-DAWODU 8605 KIRBY AVE, VALENCIA L 82 301,640 542.95 8605 KIRBY AVE LUBBOCK, TX 79424 LUBBOCK, TX 79424 Valencia PID -- Page 3 EXHIBIT C City of Lubbock, TX Financial Planning and Analvsis R327492 THRASH SHEILA & CODY 8603 KIRBY AVMencia PID Tax 3Z@2WrA1767inaryA Z%9o83 303,853 546.94 LUBBOCK, TX 79424-8780 LUBBOCK, TX 79424 R327493 IVEY MICHAEL & JENNY 8601 KIRBY AVE 8601 KIRBY AVE, VALENCIA L 84 451,002 811.80 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327494 DREW RICHARD I & ROWENA 60 ENTRADA 613186TH ST, VALENCIA L 85 326,291 587.32 R LOS ALAMOS, NM 87544- LUBBOCK, TX 79424 3346 R327495 WINDHAM MCCLINTON & 6129 86TH ST 6129 86TH ST, VALENCIA L 86 311,199 560.16 ALEXANDRA LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327496 OCANAS ROCKY & JESSICA 6127 86TH ST 6127 86TH ST, VALENCIA L 87 306,896 552.41 LUBBOCK, TX 79423 LUBBOCK, TX 79424 R327497 LEAMON MICHAEL W & 1700 COUNTY ROAD 1106 6125 86TH ST, VALENCIA L 88 366,594 659.87 SHERI L ATHENS, TX 75751 LUBBOCK, TX 79424 R327498 CASTRO, ABEL, Jr 6123 86TH ST 6123 86TH ST, VALENCIA L 89 342,834 617.10 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327499 MIDGETT ANDREW SCOTT & 612186TH ST 612186TH ST, VALENCIA L 90 378,128 680.63 SHELLY JO LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327500 DAUGHTRY ROBIN & 6119 86TH ST 6119 86TH ST, VALENCIA L 91 328,576 591.44 KIMBERLYMILLER LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327501 DOAN JENNIFER & PHAN N 6117 86TH ST 6117 86TH ST, VALENCIA L 92 312,015 561.63 NGUYEN LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327502 RANDALL DAVID & JENNIFER 6115 86TH ST 6115 86TH ST, VALENCIA L 93 349,566 629.22 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327503 MOORE KELLY G & KATHY 6113 86TH ST 6113 86TH ST, VALENCIA L 94 268,616 483.51 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327504 RIEKEN, KASEY 611186TH ST 611186TH ST, VALENCIA L 95 298,799 537.84 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327505 KING MAGAN L & SHILOH I 6109 86TH ST 6109 86TH ST, VALENCIA L 96 291,231 524.22 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327506 LARSON ROBERT & DEBRA 6107 86TH ST 6107 86TH ST, VALENCIA L 97 378,486 681.27 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327507 SUGGS BILLY & IRENE 6105 86TH ST 6105 86TH ST, VALENCIA L 98 267,359 481.25 LUBBOCK, TX 79424 LUBBOCK, TX 79424 R327508 GARNETT JOHN EDWARD FAIRY GRACE GARNETT 6103 86TH ST, VALENCIA L 99 324,718 584.49 ESTATE TR & GRACIE TRUSTEE LUBBOCK, TX 79424 6103 86TH STREET LUBBOCK, TX 79424 R327509 FREE -BROWN, STEPHANIE 610186TH ST 610186TH ST, VALENCIA L 100 427,637 769.75 LUBBOCK, TX 79424-6865 LUBBOCK, TX 79424 36,945,231 $ 66,501 Valencia PID -- Page 4