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HomeMy WebLinkAboutResolution - 2005-R0264 - Tax Abatement Agreement - Hurley Companies, Essence Bottling, EB Plastics - 06/23/2005Resolution No. 2005- June 23, 2005 Item 22 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock a Tax Abatement Agreement with Thomas Hurley, individually and the Hurley Companies dba Hurley Packaging, Essence Bottling, and E.B. Plastics and all related documents. Said Agreement is attached hereto and incorporated in this Resolution as if fully set forth herein and shall be included in the minutes of the Council. Passed by the City Council this 23rd day of /Rune /J , 2005. AL, MAYOR ATTEST: �Qgt�� n� I-,— R ecca Garza, City Secretary APPROVED AS TO FORM: Linda L. Chamales, Senior Attorney Office Practice Section LC: cityatt / Linda / Res -Hurley Tax Abatement June 13, 2005 RESOLUTION No. 2005-RO265 CONTRACT NO. AGREEMENT STATE OF TEXAS § COUNTY OF LUBBOCK § 614 9 This Agreement made this 23rd day of .Tune , 2005, by and between the City of Lubbock, Texas, a home rule municipality of the State of Texas (hereinafter called "City"),. and Thomas J. Hurley, individually, and The Hurley Companies dba Hurley Packaging, Essence Bottling and E. B. Plastics (hereinafter called "Company"); WITNESSETH: WHEREAS, City did receive from Company on the 22nd day of April an application for tax abatement for improvements to real property and tangible personal property at 2902 Municipal Drive, Lubbock, Texas, which is further described as Lot 5 Lubbock Industrial Park Addition to the City of Lubbock, Lubbock County, Texas (attached as Exhibit "A"); and WHEREAS, upon review of the above application it was determined that the facility and real property is located in the Lubbock 2000 North Enterprise Zone designated by the City in Ordinance No. 2000-00032 covering the above described property; and WHEREAS, the Guidelines and Criteria Governing Tax Abatement For Selected Taxing Units Contained Within Lubbock County was heretofore adopted by Resolution No. 2003-RO370 of the City Council of the City of Lubbock, and amended by Resolution No. 2004-R0593. A copy of the amended Guidelines and Criteria Governing Tax Abatement for Selected Taxing Units Within Lubbock County is attached as Exhibit `B" and incorporated herein as if fully set forth; 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 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. 2003-RO370 of the City on September 18, 2003, and amended by Resolution No. 2004-RO593 on December 16, 2004; and AGREEMENT - THE HURLEY COMPANIES PAGE 1 WHEREAS, the City did pass Ordinance No. 2000-00032 creating the Lubbock 2000 North Enterprise Zone for commercial and industrial tax abatement, said zone including the area which is described in the attached Exhibit "A"; and WHEREAS, V.A.T.C., Tax Code, Sec. 312.2011 provides that designation as an enterprise zone constitutes designation as a reinvestment zone without further action; and WHEREAS, the application received by City from Company is an application for the 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. 2003-R0370, and amended by Resolution No. 2004-R0593, does recognize modernization of an existing facility as being eligible for tax abatement status; and WHEREAS, the City Council finds that although the project is not included as a target industry in the guidelines, it has the potential of generating additional significant economic development opportunities to Lubbock; and WHEREAS, the City Council does hereby find that all of the Guidelines and Criteria Governing Tax Abatement, as adopted by Resolution No. 2003-R0370, and amended by Resolution No. 2004-R0593, 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 January 1 of the tax year after the required improvements are substantially completed and shall expire and be of no further force and effect after said date. AGREEMENT - THE HURLEY COMPANIES PAGE 2 SECTION 2. Base Year. The base year applicable to real property, which is the subject of this Agreement, shall be 2005, 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. Propegy Ineligible for Tax Abatement. The property described and set forth in Section IV(6) of the Guidelines and Criteria Governing Tax Abatement for selected taxing units contained within Lubbock County and heretofore adopted by the City Council by Resolution No. 2003-R0370, amended by Resolution No. 2004-RO593 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 the property which is described in Exhibit "A". (b) All eligible tangible personal property, owned by Company, 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 Qualifications. Company agrees to expend funds necessary to qualify for tax abatement by modernizing an existing facility, as set forth in Section IV(3)(b) of the amended Guidelines and Criteria Governing Tax Abatement for AGREEMENT - THE HURLEY COMPANIES PAGE 3 selected taxing units contained within Lubbock County (Exhibit `B") on the property described in Exhibit "A". A description of the kind, number and location of all proposed improvements is attached in Company's application, Exhibit "C" and incorporated herein as if fully set forth. SECTION 8. Value of Improvements. In accordance with V.A.T.C., Tax Code, Section 312.204(a), which requires the Owner of the property to make specific improvements or repairs to the property in order to be eligible for tax abatement, Company will expend one hundred thousand dollars ($100,000) for the modernization of the existing facility and one million dollars ($1,000,000) on new equipment to be located within the enterprise zone created by Ordinance No. 2000-00032. SECTION 9. Job Creation. Company agrees to create and retain twenty (20) new permanent full-time jobs within the Company plant located at 2902 Municipal Drive, which is further described in Exhibit "B", within twelve months of the date of this agreement. SECTION 10. Electrici1y Provider. Company agrees to utilize Lubbock Power & Light (LP&L) for electrical services for the term of the tax abatement. If company chooses to utilize a different Power Company, this contract shall be terminated. SECTION 11. City Access to Property. Company covenants and agrees that City shall have access to the property, which are 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 compliance with the terms and conditions of Company's application for tax abatement, attached as Exhibit "C", and this Agreement. SECTION 12. 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: 100% Year 2: 80% Year 3: 60% Year 4: 40% Year 5: 20% SECTION 13. Commencement Date. This Agreement shall commence January 1 of the tax year after the required improvements are substantially completed and shall expire five (5) years after such date. AGREEMENT - THE HURLEY COMPANIES PAGE 4 SECTION 14. Type e of Improvements. Company proposes to modernize an existing structure as described in Exhibit "C". Company further states that the proposed improvements to the property above mentioned shall commence on the lst day of June, 2005, and shall be completed within approximately four (4) months from said date. 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. Company shall provide a copy of the certificate of occupancy or other proof of completion within ten days of completion of improvements. SECTION 15. 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 16. 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 17. Recapture. 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. 2003-RO370 of the City Council of the City of Lubbock and amended by Resolution No. 2004-R0593. SECTION 18. Certification. Company agrees to certify annually in writing to the governing body of each taxing unit that the owner is in compliance with the terms of the Agreement. SECTION 19. Compliance. The City may cancel or modify this Agreement if Company fails to comply with the Agreement. SECTION 20. Notices. Notices required to be given by this Agreement shall be mailed, certified mail return receipt requested, to the following addresses: AGREEMENT — THE HURLEY COMPANIES PAGE 5 CITY OF LUBBOCK THE HURLEY COMPANIES City Manager Tom Hurley P.O. Box 2000 PO Box 3667 Lubbock, Texas 79457 Lubbock, TX 79452 SECTION 21. 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 23rd day of June , 2005. THOMAS J. HURLEY THE HURLEY)COMPANIES IT T HURLEY PRESIDENT Tax Abatement Agmt Hurley May 26, 2005 CITY QF LUBBOCK A Mu MART ATTEST: MAYOR 2 Re6ecca Garzai City Secretary APP A T TENT: <-t Rob Allis Director o usiness Development APPROVED AS TO FORM: Linda L. Chamales, Senior Attorney Office Practice Section AGREEMENT - THE HURLEY COMPANIES PAGE 6 No Text No Text Exhibit "B" GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT FOR SELECTED TAXING UNITS CONTAINED WITHIN LUBBOCK COUNTY SECTION I. General Purpose: The Affected Jurisdictions located wholly within or partially within the County of Lubbock, Texas, are committed to the promotion of high quality development in all parts of Lubbock County, Texas; and to an ongoing improvement in the quality of life for the citizens residing within the Affected Jurisdictions. The Affected Jurisdictions recognize that these objectives are generally served by enhancement and expansion of the local economy. The Affected Jurisdictions will, on a case by case basis, give consideration to providing tax abatement, as authorized by V.T.C.A., Tax Code, Chapter 312, as stimulation for economic development within the Affected Jurisdictions. It is the policy of the Affected Jurisdictions that said consideration will be provided in accordance with the guidelines and criteria herein set forth and in conformity with the Tax Code. Nothing contained herein shall imply, suggest or be understood to mean THAT the Affected Jurisdictions are under any obligation to provide tax abatement to any applicant and attention is called to V.T.C.A., Tax Code, Section 312.002(d). With the above rights reserved all applications for tax abatement will be considered on a case by case basis. SECTION II. Definitions: As used within these guidelines and criteria, the following words or phrases shall have the following meaning: 1. Abatement of Taxes: To exempt from ad valorem taxation all or part of the value of certain Improvements placed on land located in a reinvestment zone designated for economic development purposes as of the date specified in the Tax Abatement Agreement for a period of time not to exceed ten (10) years. 2. Affected Jurisdiction: The County of Lubbock and City of Lubbock. 3. Abatement Agreement: (1) A contract between a property owner and an Affected Jurisdiction for the abatement of taxes on qualified property located within the reinvestment zone; or, (2) a contract for the abatement of taxes between an Affected Jurisdiction and a certified air carrier who owns or leases Real Property located within the reinvestment zone or Personal Property or both as authorized by V.T.C.A., Tax Code, Section 312.204(e) 4. Base Year Value: The assessed value of property eligible for tax abatement as of January 1 preceding the execution of an Abatement Agreement as herein defined. 5. Distribution Center Facility: A building or structure including Tangible Personal Property used or to be used primarily to receive, store, service or distribute goods or materials. 6. Expansion of Existing Facilities or Structures: The addition of buildings, structures, machinery or equipment to a Facility. 7. Existing Facility or Structure: A facility as of the date of execution of the Tax Abatement Agreement, located in or on Real Property eligible for tax abatement. 2003 Industrial Guidelines Amended December 16, 2004 Exhibit "B" Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 2 8. Facility: The improvements made to Real Property eligible for tax abatement and including the building or structure erected on such Real Property and/or any Tangible Personal Property to be located in or on such property. 9. Improvements to Real Property or Improvements: Shall mean the construction, addition to, structural upgrading of, replacement of, or completion of any facility located upon, or to be located upon, Real Property, as herein defined, or any Tangible Personal Property placed in or on said Real Property. 10. Manufacturing Facility: A Facility which is or will be used for the primary purpose of the production of goods or materials or the processing or change of goods or materials to a finished product. 11. Modernization/Renovation of Existing Facilities: The replacement or upgrading of existing facilities. 12. New Facility: The construction of a Facility on previously undeveloped real property eligible for tax abatement. 13. New Permanent Job: A new employment position created by a business that has provided employment to an employee of at least 1,820 hours annually and intended to be an employment position that exists during the life of the abatement. 14. Other Basic Industry: A Facility other than a distribution center facility, a research facility, a regional service facility or a manufacturing facility which produces goods or services or which creates new or expanded job opportunities and services a market of which 50% of revenues come from outside of Lubbock County, Texas. 15. Owner: The record title owner of Real Property or the legal owner of Tangible Personal Property. In the case of land leased from an Affected Jurisdiction or buildings leased from a private party or tax exempt property, the lessee shall be deemed the owner of such leased property together with all improvements and Tangible Personal Property located thereon. 16. Productive Life: The number of years a Facility is expected to be in service. 17. Real Property: Land on which Improvements are to be made or fixtures placed. 18. Regional Services Facility: A Facility, the primary purpose of which is to service or repair goods or materials and which creates job opportunities within the Affected Jurisdictions. 19. Reinvestment Zone: Real Property designated as a Reinvestment Zone under the provisions of V.T.C.A., Tax Code, Section 312.202. 20. Research Facility: A Facility used or to be used primarily for research or experimentation to improve or develop new goods and/or services or to improve or develop the production process for such goods and/or services. 21. Tangible Personal Property: Any Personal Property, not otherwise defined herein and which is necessary for the proper operation of any type of Facility. Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 3 SECTION III. Intent of Criteria and Guidelines: The Intent of the criteria and guidelines, as herein set forth, is to establish the minimum standards which an applicant for tax abatement must meet in order to be considered for such status by the Affected Jurisdictions. SECTION IV. Criteria and Guidelines for Tax Abatement: Any type of Facility will be eligible for tax abatement consideration provided such Facility meets the following guidelines and criteria: 1. To qualify for Tax Abatement, the company must meet both of the following criteria: a) The modernization or expansion of an existing facility of any type as herein defined or construction of a new facility of any type as herein defined. b) Producer, manufacturer or distributor of goods and services of which 50 percent or more are distributed outside of Lubbock County. 2. In addition to the aforementioned, the taxing jurisdiction will consider abatement only if the company meets one of the following criteria: a) One of the following target industries: i) Electronics/Electrical/Assembly: Manufacturing: Semiconductor Fabrication. ii) Value-added Agricultural Production including Food Processing and Machinery iii) Med Tech Research/Manufacturing/Assembly iv) Aviation/Avionics Production/Rehab v) Warehouse/Distribution vi) Corporate Headquarters of a Regional/National Service Center b) The project is not included as a target industry, but has the potential of generating additional significant economic development opportunities to Lubbock 3. The company must meet one of the following criteria: a) The project will add at least $1 million in real estate assessed valuation, or $2 million of personal property assessed valuation, or 25 new permanent jobs if the facility is a new company to Lubbock. b) The project will add at least $500,000 in real estate assessed valuation, or $1 million in personal property assessed valuation, or 20 new permanent jobs if the facility is a modernization or expansion of an existing company that has operated in Lubbock for five or more years. Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 4 4. New or existing facilities,of any type herein defined, located in a reinvestment zone or upon Real Property eligible for such status will be eligible for consideration for tax abatement status provided that all other criteria and guidelines are satisfied 5. Improvements to Real Property are eligible for tax abatement status. 6. The following types of Property shall be ineligible for tax abatement status and shall be fully taxed. a) Real Property; b) inventories or supplies; c) tools; d) furnishings and other forms of movable personal property; e) vehicles; f) aircraft; g) housing; h) boats; i) hotel accommodations; j) motel accommodations; k) retail businesses; 1) property owned by the State of Texas or any State agency; and, m) property owned or leased by a member of the affected Jurisdiction that did not have an active tax abatement in place before they became a member of the governing body or commission. 7. In order for a Facility to qualify for abatement, the following conditions must apply: a) The owner or leaseholder of real property must make eligible improvements to the real property; and, b) In the case of lessees, the leaseholder must have a lease commitment of at least five (5) years. c) Facilities located within the certificated territory of the City's municipally owned electric utility, Lubbock Power and Light (LP&L) must utilize LP&L for electrical services during the term of the abatement, so long as LP&L's rates are competitive on a state-wide basis. 8. In reinvestment zones, the amount and term of abatement shall be determined on a case by case basis, however, in no event shall taxes be abated for a term in excess of ten (10) years. The amount of the taxable value of Improvements to be abated and the term of the abatement shall be determined by the municipality in all cases where Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 5 the property for which tax abatement is applied for is within the City limits of the City or by the County of Lubbock in all cases where the property for which tax abatement is applied for is outside of the City limits of a municipality, but within the County of Lubbock, except that a reinvestment zone that is a state enterprise zone is designated for the same period as a state enterprise zone as provided by Chapter 2303, Government Code. The authority of all other taxing units shall be as set forth in V.T.C.A., Tax Code, Section 312.206. In enterprise zones, the governing body of each taxing jurisdiction may execute a written agreement with the owner of the property. The agreement may, but is not required to, contain terms that are identical to those contained in the agreement with the municipality, county, or both, whichever applies, and the only terms for the agreement that may vary are the portion of the property that is to be exempt from taxation under the agreement and the duration of the agreement. 9. No property shall be eligible for tax abatement unless such property is located in a reinvestment zone in accordance with V.T.C.A., Tax Code, Section 312.202 and the tax abatement application is filed with the taxing jurisdiction before construction begins. 10. Notwithstanding any of the requirements set forth in Section IV Subsection 3, the governing body of an Affected Jurisdiction upon the affirmative vote of a three -fourths (3/4) of its members may vary any of the above requirements when variation is demonstrated by the applicant for Tax Abatement that variation is in the best interest of the Affected Jurisdiction to do so and will enhance the economic development of the Affected Jurisdiction. By way of example only and not by limitation the governing body of an Affected Jurisdiction may consider the following or similar terms in determining whether a variance shall be granted: a) That the increase in productivity of the Facility will be substantial and hence directly benefit the economy. b) That the increase of goods or services produced by the Facility will be substantial and directly benefit the economy. c) That the employment maintained at the Facility will be increased. d) That the waiver of the requirement will contribute and provide for the retention of existing jobs within the Affected Jurisdiction. e) That the applicant for tax abatement has demonstrated that if tax abatement is granted to his Facility even though his Facility will not employ additional personnel THAT nevertheless due to the existence of said Facility new jobs will be created as a direct result of his Facility in other facilities located within the Affected Jurisdiction. f) Any other evidence tending to show a direct economic benefit to the Affected Jurisdiction. 11. Taxability: a) The portion of the value of Improvements to be abated shall be abated in accordance with the terms and provisions of a Tax Abatement Agreement executed between the Affected Jurisdiction and the owner of the Real Property Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 6 and/or Tangible Personal Property, (which agreement shall be) in accord with the provisions of V.T.C.A., Tax Code, Section 312.205. b) All ineligible property, if otherwise taxable as herein described, shall be fully taxed. 12. The governing body of each Affected Jurisdiction shall have total discretion as to whether tax abatement is to be granted. Such discretion, as herein retained, shall be exercised on a case by case basis. The adoption of these guidelines and criteria by the governing body of an Affected Jurisdiction does not: a) Limit the discretion of the governing body to decide whether to enter into a specific tax abatement agreement; b) Limit the discretion of the governing body to delegate to its employees the authority to determine whether or not the governing body should consider a particular application or request for tax abatement; or, c) Create any property, contract, or other legal right in any person to have the governing body consider or grant a specific application or request for tax abatement. 13. The burden to demonstrate that an application for tax abatement should be granted shall be upon the applicant. Each Affected Jurisdiction to which the application has been directed shall have full authority to request any additional information from the applicant that the governing body of such Affected Jurisdiction deems necessary to assist it in considering such application. SECTION V. Criteria and Guidelines for Creation of Reinvestment Zone: 1. No Property shall be eligible for tax abatement unless such property is located in a reinvestment zone designated as such in accordance with V.T.C.A., Tax Code, Section 312.202. To be designated as a reinvestment zone an area must meet one of the following: a) Substantially arrest or impair the sound growth of the municipality or county creating the zone, retard the provision of housing accommodations, or constitute an economic or social liability and be a menace to the public health, safety, morals, or welfare in its present condition and use because of the presence of- 1 . a substantial number of substandard, slum, deteriorated, or deteriorating structures; 2. the predominance of defective or inadequate sidewalks or streets; 3. faulty size, adequacy, accessibility or usefulness of lots; 4. unsanitary or unsafe conditions; 5. the deterioration of site or other improvements; 6. tax or special assessment delinquency exceeding the fair value of the land; 7. defective or unusual conditions of title; Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 7 8. conditions that endanger life or property by fire or other cause; or, 9. any combination of these factors; a) Be predominantly open and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impair or arrest the sound growth of the municipality; b) Be in a federally assisted new community located in a home rule municipality or in an area immediately adjacent to a federally assisted new community located in a home rule municipality; c) Be located entirely in an area that meets the requirements for federal assistance under Section 119 of the Housing and Community Development Act of 1974 (42 U.S.C. Section 5318); d) Encompass signs, billboards, or other outdoor advertising structures designated by the governing body of the municipality for relocation, reconstruction, or removal for the purpose of enhancing the physical environment of the municipality, which the legislature declares to be a public purpose; or, e) Be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the municipality. 2. For purposes of this Section, federally assisted new community is a federally assisted area: a) That has received or will receive assistance in the form of loan guarantees under Title X of the National Housing Act (12 U.S.C., Section 1749aa et seq); and, b) A portion of which has received grants under Section 107 (a)(1) of the Housing and Community Development Act of 1974, as amended. 3. The governing body of a municipality, as required by Section 312.201, or a county, as required by V.T.C.A., Tax Code, Section 312.401, shall hold a public hearing on the designation of an area within its jurisdiction as a reinvestment zone. The burden shall be on the owner of the property sought to be included in the zone or applicant for the creation of the reinvestment zone to establish the following: a) That the requirements of Subsection 1 of this Section have been met. b) That the improvements sought are feasible and practical. 4. No later than the seventh day before the date set for the above public hearing notice of such hearing shall be: a) Published in a newspaper having general circulation in the Affected Jurisdiction. b) Delivered in writing to the presiding officer of the governing body of each taxing unit that includes in its boundaries Real Property that is to be included in the reinvestment zone. Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 8 5. At the public hearing above described in Subsection 3 above, any interested person is entitled to speak and present evidence for or against the designation of such reinvestment zone. 6. At the conclusion of the hearing described in Subparagraph 3 above, the governing body shall enter its findings as follows: a) That the applicant or owner has or has not met his burden as hereinabove set forth, and/or, b) That the improvements sought are or are not feasible and practical. c) That the proposed improvements sought will or will not be a benefit to the land to be included in the reinvestment zone and to the Affected Jurisdiction after the expiration of an agreement entered into under V.T.C.A., Tax Code, Section 312.204. 7. An application for the creation of a reinvestment zone shall not be granted unless the Affected Jurisdiction considering such application enters affirmative findings to Subparagraphs a, b, and c of Subsection 6 above set forth. At the conclusion of the public hearing herein required and upon the affirmative finding of the governing body as required by Subsection 7 above set forth, the governing body may designate a reinvestment zone in accordance with the provisions of V.T.C.A., Tax Code, Sections 312.201 or 312.401, whichever Section shall be applicable under the premises. The designation of a reinvestment zone expires five years after the date of the designation and may be renewed for periods not to exceed five years, except that a reinvestment zone that is a state enterprise zone is designated for the same period as a state enterprise zone as provided by Chapter 2303, Government Code. The expiration of the designation does not affect an existing tax abatement agreement made in accordance with V.T.C.A., Tax Code, Section 312.201 through Section 312.209. 10. Designation of an area as an enterprise zone under the Texas Enterprise Zone Act, Chapter 2303, Subchapter C, Texas Government Code, constitutes designation of the area as a reinvestment zone under Subchapter B of the Property Redevelopment and Tax Abatement Act without further hearing or other procedural requirements other than those provided by the Texas Enterprise Zone Act, Chapter 2303, Subchapter C, Texas Government Code. SECTION VI. Tax Abatement Agreement: After the creation of a reinvestment zone as hereinabove authorized a Tax Abatement Agreement may be executed between the owner and any Affected Jurisdiction. A Tax Abatement Agreement shall: a) Establish and set forth the Base Year assessed value of the property for which tax abatement is sought. b) Provide that the taxes paid on the base year assessed value shall not be abated as a result of the execution of said Tax Abatement Agreement. Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 9 c) Provide that ineligible property as subscribed in Section IV, Subsection 6, hereinabove shall be fully taxed. d) Provide for the exemption of Improvements in each year covered by the agreement only to the extent the value of such Improvements for each such year exceeds the value for the year in which the agreement is executed. e) Fully describe and list the kind, number and location of all of the improvements to be made in or on the Real Property. f) Set forth the estimated value of all improvements to be made in or on the Real Property. g) Clearly provide that tax abatement shall be granted only to the extent: 1. The Improvements to Real Property increase the value of the Real Property for the year in which the Tax Abatement Agreement is executed; and, 2. That the Tangible Personal Property improvements to Real Property were not located on the Real Property prior to the execution of the Tax Abatement Agreement. h) Provide for the portion of the value of the improvements to Real Property of improvements to be abated. This determination is to be made consistent with the provisions of Section IV, Subsection 6, of these guidelines and criteria as hereinabove set forth. i) Provide for the commencement date and the termination date. In no event shall said dates exceed a period of ten years. j) Describe the type and proposed use of the improvements to Real Property or improvements including: 1. The type of facility. 2. Whether the improvements are for a new facility, modernization of a facility, or expansion of a facility. 3. The nature of the construction, proposed time table of completion, a map or drawings of the improvements above mentioned. 4. The amount of investment and the commitment for the creation of new jobs. 5. A list containing the kind, number and location of all proposed Improvements. 6. Any other information required by the Affected Jurisdiction. k) Provide a legal description of the Real Property upon which improvements are to be made. 1) Provide access to and authorize inspection of the Real Property or improvements by employees of the Affected Jurisdiction, who have executed a Tax Abatement Agreement with owner to insure improvements are made according to the specifications and conditions of the Tax Abatement Agreement. Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 10 m) Provide for the limitation of the uses of the Real Property or improvements consistent with the general purpose of encouraging development or redevelopment of the zone during the period covered by the Tax Abatement Agreement. n) Provide the contractual obligations in the event of default by owner, violation of the terms or conditions by owner, recapturing property tax revenue in the event owner defaults or otherwise fails to make improvements as provided in said Tax Abatement Agreement, and any other provision as may be required or authorized by State Law. o) Contain each term agreed to by the owner of the property. p) Require the owner of the property to certify annually to the governing body of each taxing unit that the owner is in compliance with each applicable term of the agreement. q) Provide that the governing body of the municipality may cancel or modify the agreement if the property owner fails to comply with the agreement. Not later than the seventh day before a municipality or the County of Lubbock(as required by V.T.C.A., Tax Code, Section 312.2041 or Section 312.402) enters into an agreement for tax abatement under V.T.C.A., Tax Code, Section 312.204, the governing body of a municipality or a designated officer or employee thereof or the governing body of the county of Lubbock or a designated officer or employee thereof shall deliver to the presiding officer of the governing body of each of the taxing units in which the property to be subject to the agreement is located, a written notice that the municipality or the County of Lubbock as the case may be, intends to enter into the agreement. The notice must include a copy of the proposed Tax Abatement Agreement. 3. A notice, as above described in Subparagraph 2, is presumed delivered when placed in the mail, postage paid and properly addressed to the appropriate presiding officer. A notice properly addressed and sent by registered or certified mail for which a return receipt is received by the sender is considered to have been delivered to the addressee. 4. Failure to deliver the notice does not affect the validity of the agreement. SECTION VII. Application: Any present owner of taxable property located within an Affected Jurisdiction may apply for tax abatement by filing an application with the county of Lubbock, when the Real Property or Tangible Personal Property for which abatement is sought is located within the County of Lubbock but outside of the City limits of any City or with the appropriate City when the Real Property or Tangible Personal Property for which abatement is sought is located within the City limits of a municipality located wholly or partially within Lubbock County. 2. The application shall consist of a completed application form accompanied by: a) A general description of the improvements to be undertaken. Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 11 b) A descriptive list of the improvements for which tax abatement is requested. c) A list of the kind, number and location of all proposed improvements of the Real Property Facility or Existing Facility. d) A 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. e) A list of any and all Tangible Personal Property presently existing on the Real Property or located in an existing facility. f) A proposed time schedule for undertaking and completing the proposed improvements. g) A general description stating whether the proposed improvements are in connection with: 1. the modernization of a facility (of any type herein defined); or, 2. construction of a new facility (of any type herein defined); or, 3. expansion of a facility (of any type herein defined); or, 4. any combination of the above. h) A statement of the additional value to the Real Property or Facility as a result of the proposed improvements. i) A statement of the assessed value of the Real Property, Facility or Existing Facility for the Base Year. j) Information concerning the number of new jobs that will be created or information concerning the number of existing jobs to be retained as result of the improvements undertaken. k) Any other information which the Affected Jurisdiction, to which the application has been directed, deems appropriate for evaluating the financial capacity of the applicant and compatibility of the proposed improvements with these guidelines and criteria. 1) Information that is provided to an Affected Jurisdiction in connection with an application or request for tax abatement and which describes the specific processes or business activity to be conducted or the equipment or other property to be located on the property for which tax abatement is sought is confidential and not subject to public disclosure until the Tax Abatement Agreement is executed. Information in the custody of an Affected Jurisdiction after the agreement is executed is not confidential. (V.T.C.A., Tax Code, Section 312.003). m) The Affected Jurisdiction to whom the application for tax abatement has been directed shall determine if the property described in said application is within a designated reinvestment zone. If the Affected Jurisdiction determines that the property described is not within a current reinvestment zone then they shall so notify the applicant and said application shall then be considered both as an Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 12 application for the creation of a reinvestment zone and a request for tax abatement to be effective after the zone is created. SECTION Vlll. Default Options In the event that the applicant, owner or lessee has entered into a tax abatement agreement to make improvements as defined in Section IV.2 above, but fails to undertake or complete such improvements; fails to create all or a portion of the new jobs provided by the Tax Abatement Agreement; or is in default of any of the terms or conditions contained in the Tax Abatement Agreement; then in such event the Affected Jurisdiction to whom the application for tax abatements was directed shall give the applicant or owner sixty (60) days notice of such failure. The applicant or owner shall demonstrate to the satisfaction of the Affected Jurisdiction above mentioned that the applicant or owner has commenced to cure such failure within the sixty (60) days above mentioned. In the event the applicant owner, or lessee fails to demonstrate that he is taking affirmative action to cure his failure, the Affected Jurisdiction shall have three options: (a) The Affected Jurisdiction may renegotiate the Agreement with the applicant, owner or lessee, in which case the current Guidelines and Criteria Governing Tax Abatement for Commercial Projects in Designated Enterprise Zones shall apply to the new Agreement; or (b) The Affected Jurisdiction may determine that good cause exists to cancel the Agreement and all abatement of taxes shall terminate immediately; or (c) The Affected Jurisdiction may terminate the Agreement and recapture taxes abated under Section VIII. Recapture. 2. In any of the three options in subparagraph 1 above, the Affected Jurisdiction to which the application for tax abatement was directed shall determine whether default has occurred by the applicant, owner or lessee in the terms and conditions of the Tax Abatement Agreement and shall so notify all other Affected Jurisdictions. Cancellation or termination of the Tax Abatement Agreement by the Affected Jurisdiction to which the application for tax abatement was directed shall constitute simultaneous action to all Tax Abatement Agreements of all other Affected Jurisdictions. SECTION IX. Recapture In the event that any type of facility, (as defined in Section II, Subparagraphs 5, 6, 7, 8, 10, 11, 12, 14, 18, 20) is completed and begins producing goods or services, but subsequently discontinues producing goods or services for any reason, excepting fire, explosion or other casualty or accident or natural disaster or other event beyond the reasonable control of applicant or owner for a period of 180 days during the term of a tax abatement agreement, then in such even the Tax Abatement Agreement shall terminate and all abatement of taxes shall likewise terminate. Taxes abated during the calendar year in which termination takes place shall be payable to each Affected Jurisdiction by no later than January 31 st of the following year. Taxes abated in years prior to the year of termination shall be payable to each Affected Jurisdiction within sixty (60) days of the date of termination. The burden shall be upon the applicant or owner to prove to the satisfaction of the Affected Jurisdiction to who the application for tax abatement was directed that the discontinuance of producing goods or services was as a result of fire, explosion, or other casualty or accident of natural Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 13 disaster or other event beyond the control of applicant or owner. In the event that applicant or owner meets this burden and the Affected Jurisdiction is satisfied that the discontinuance of the production of goods or services was the result of vents beyond the control of the applicant or owner, then such applicant or owner shall have a period of one year in which to resume the production of goods and services. In the event that the applicant or owner fails to resume the production of goods or services within one year, then the Tax Abatement Agreement shall terminate and the Abatement of all taxes shall likewise terminate. Taxes abated during the calendar year in which termination takes place shall be payable to each Affected Jurisdiction by no later than January 31st of the following year, Taxes abated in years prior to the year of termination shall be payable to each Affected Jurisdiction within sixty (60) days of the date of termination. The one year time period, hereinabove mentioned, shall commence upon written notification from the Affected Jurisdiction to the applicant or owner. 2. In the event that the applicant or owner has entered into a tax abatement agreement to make improvements to a facility of any type described in Section 1 above, but fails to undertake or complete such improvements or fails to create all or a portion of the number of new jobs provided by the Tax Abatement Agreement, then in such event the Affected Jurisdiction to whom the application for tax abatement was directed shall give the applicant or owner sixty (60) days notice of such failure. The applicant or owner shall demonstrate to the satisfaction of the Affected Jurisdiction, above mentioned, that the applicant or owner has commenced to cure such failure within the sixty (60) days above mentioned. In the event that the applicant or owner fails to demonstrate that he is taking affirmative action to cure his failure, then in such event the Tax Abatement Agreement shall terminate and all abatement of taxes shall likewise terminate. Taxes abated during the calendar year in which termination takes place shall be payable to each Affected Jurisdiction by no later than January 31st of the following year. Taxes abated in years prior to the year of termination shall be payable to each Affected Jurisdiction within sixty (60) days of the date of termination. 3. In the event that the Affected Jurisdiction to whom application for tax abatement was directed determines that the applicant or owner is in default of any of the terms or conditions contained in the Tax Abatement Agreement, then in such even the Affected Jurisdiction, shall give the applicant or owner sixty (60) days written notice to cure such default. In the event such default is not cured to the satisfaction of the Affected Jurisdiction within the sixty (60) days notice period, then the Tax Abatement Agreement shall terminate and all abatement of taxes shall likewise terminate. Taxes abated during the calendar year in which termination takes place shall be payable to each Affected Jurisdiction by no later than January 31st of the following year. Taxes abated in years prior to the year of termination shall be payable to each Affected Jurisdiction within sixty (60) days of the date of termination. 4. In the event that the applicant or owner allows ad valorem taxes on property ineligible for tax abatement owed to any Affected Jurisdiction, to become delinquent and fails to timely and properly follow the legal procedures for their protest or contest, then in such even the Tax Abatement Agreement shall terminate and all abatement of taxes shall likewise terminate. Taxes abated during the calendar year in which termination, under this subparagraph, takes place shall be payable to each Affected Jurisdiction by no later than January 31 st of the following year. Taxes abated in years prior to the year of termination shall be payable to each Affected Jurisdiction within sixty (60) days of the date of termination. 5. In the even that the applicant or owner, who has executed a tax abatement agreement with any Affected Jurisdiction, relocates the business for which tax Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 14 abatement has been granted, to a location outside of the designated reinvestment zone, then in such event, the Tax Abatement Agreement shall terminate after sixty (60) days written notice by the Affected Jurisdiction to the Owner/Applicant. Taxes abated during the calendar year in which termination, under this subparagraph takes place shall be payable to each Affected Jurisdiction by no later than January 31st of the following year. Taxes abated in years prior to the year of termination shall be payable to each Affected Jurisdiction within sixty (60) days of the date of termination. 6. The date of termination as that term is used in this Subsection Vill shall, in every instance, be the 60th day after the day the Affected Jurisdiction sends notice of default, in the mail to the address shown in the Tax Abatement Agreement to the Applicant or Owner. Should the default be cured by the owner or Applicant within the sixty (60) day notice period, the Owner/Applicant shall be responsible for so advising the Affected Jurisdiction and obtaining a release from the notice of default from the Affected Jurisdiction, failing in which, the abatement remains terminated and the abated taxes must be paid. In every case of termination set forth in Subparagraphs 1, 2, 3, 4 and 5 above, the Affected Jurisdiction to which the application for tax abatement was directed shall determine whether default has occurred by Owner (Applicant) in the terms and conditions of the Tax Abatement Agreement and shall so notify all other Affected Jurisdictions. Termination of the Tax Abatement Agreement by the Affected Jurisdiction to which the application for tax abatement was directed shall constitute simultaneous termination of all Tax Abatement Agreements of all other Affected Jurisdictions. In the event that a tax abatement agreement is terminated for any reason what so ever and taxes are not paid within the time period herein specified, then in such event, the provisions of V.T.C.A., Tax Code, Section 33.01 will apply. SECTION X. Miscellaneous: 1. Any notice required to be given by these criteria or guidelines shall be given in the following manner: a) To the owner or applicant: written notice shall be sent to the address appearing on the Tax Abatement Agreement. b) To an Affected Jurisdiction: written notice shall be sent to the address appearing on the Tax Abatement Agreement. 2. The Chief Appraiser of the Lubbock Central Appraisal District shall annually assess the Real and Personal Property comprising the reinvestment zone. Each year, the applicant or owner receiving tax abatement shall furnish the chief Appraiser with such information as may be necessary for the abatement. Once value has been established, the Chief Appraiser shall notify the Affected Jurisdictions which levy taxes of the amount of assessment. 3. Upon the completion of improvements made to any type of Facility as set forth in Section Vill, Subparagraph 1 of these criteria and guidelines a designated employee or employees of any Affected Jurisdiction having executed a tax abatement agreement with applicant or owner shall have access to the Facility to insure compliance with the Tax Abatement Agreement. Industrial Tax Abatement Guidelines Amended December 16, 2004 Page 15 4. A tax abatement agreement may be assigned to a new owner but only after written consent has been obtained from all Affected Jurisdictions which have executed such an agreement with the applicant or owner. 5. These guidelines and criteria are effective upon the date of their adoption by an Affected Jurisdiction and shall remain in force for two years. At the end of the two year period these guidelines and criteria may be readopted, modified, amended or rewritten as the conditions may warrant. 6. Each Affected Jurisdiction shall determine whether or not said Affected Jurisdiction elects to become eligible to participate in tax abatement. In the even the Affected Jurisdiction elects by resolution to become eligible to participate in tax abatement, then such Affected Jurisdiction shall adopt these guidelines and criteria by separate resolution forwarding a copy of both resolutions to all other Affected Jurisdictions. 7. In the event of a conflict between these guidelines and criteria and V.T.C.A., Tax Code, Chapter 312, then in such event the Tax Code shall prevail and these guidelines and criteria interpreted accordingly. 8. The guidelines and criteria once adopted by an Affected Jurisdiction may be amended or repealed by a vote of three -fourths of the members of the governing body of an Affected Jurisdiction during the two year term in which these guidelines and criteria are effective. Exhibit "C" APPLICATION FOR INDUSTRIAL TAX ABATEMENT IN LUBBOCK COUNTY sA'r-'", ,?tii.a4_, v, i �.-.� F �*✓ it 'y' +w<£t a .'� - k- r 5h +1 .t G.... �i.4�. .'�S _: 'sa�+cation�sn�tst�be xub��tte%d �toh�-�an>�ir�p�te�a�.sd,��� Noce arst�on'�ews ~be? 4ib1�BfOT 1@ _'" TES iR�aekrt�c?alV��ecsaT7lficiSr:aed oa%s`aitiNii a �'[n, `.,u- a- �... �rt 'as.-(�(► �{-t pT/R�(! ���.ei�''�s�.�P���t�b'ume�ar����>���y��►#+erraeeme���ra�t�n�ix���� III h� itl�ae ds�fi� A� `��ter4est�en�,.�t�r'rc�ant��° ORIGINAL COPY OF THIS APPLICATION AND ATTACHMENTS SHOULD BE SUBMITTED TO: City of Lubbock Business Development Department P.O. Box 2000 1625 13t' Street Lubbock, TX 79457 (806) 775-2019 Date of Application: —Lll Applicant Name:77 Company Name: UR12 QUd,pagC V A Ckl DQr'�3� Address: Phone: Applicants Representative on this project: Name: k LJk ,, 4 , ,A N! e Address: Phone: 7S 21 y 75qB Fax: 7 LS —7 42 �V Type of Ownership: Corporation [ ] Partnership [ ] Proprietorship Total Current Number Employees: a2 Gu Corporate Annual Sales Per Year: t`� / d 11 D Annual Report Submitted? [ ] Yes No Exhibit "C" Industrial Tax Abatement Application Page 2 Secffan 11, OCii.t`I1( tFOR]Sil 04a� Place a check mark in the box on those statements which are applicable to your company : l (a) This application is for a: � 1 New Facility K Expansion r :l Modernization (b) Is the company a producer, manufacturer or distributor of goods and services of which 50 percent or more are distributed outside of Lubbock ?(If yes, provide documentation as Attachment 1) 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 [ ] Warehouse/Distribution [ ] Corporate Headquarters of a Regional/National Service Center M 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 ' ctt 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: 411 J (i) Legal description of proposed facility: l�..nilt� 0) The proposed facility is located in: School District: City: 41� Industrial Tax Abatement Application Page 8 (k) r v v Secon'[ti4`CiLITYT:©ESC#2{PTtOt i Please attach the following: Attachment 2 (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). Sec€ioc� V`= EC ?NOMIG IMPAGT,3WRMATION Part A — Current Investment in Existing Improvements: __�-- Part B — Permanent Employment Estimates: Q (1) If existing facility, what is the current plant employment: (2) Estimated number of new jobs to be created and time frame for creation of jobs: New Jobs Jd Time Frame a i�!DN E Industrial Tax Abatement Application Page 4 (3) Opening of improvements: (Month) Q �' of (Year) 20 Q �. Part C — Permanent Payroll Estimates: �r (1) If existing facility, what is the current plant payrol 7 (2) Estimated amount of new payroll : 3 J,) ,BUD Part D — Construction and Employment Estimates: (1) Construction start: Month Year 206s (2) Number of construction jobs: At Start 1_�_ Peak_ (3) Number of man-years: Part E — School District Impact Estimates: Give Estimated number of: Families transferred to area Children added to ISD'sr Part F — City Impact Estimates: Finish (1) Volume of treated water required from City 4Y gallons per day. (2) Volume of effluent to be treated by City _tJIA 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 'k No Part G — Estimated Appraised Value on Site: LAND Value of Existing Facility Before New Construction 4:a 0ry4 7 990 (From Central Appraisal District) Value of New Improvements Estimated Total Value After Improvements NA PERSONAL IMPROVEMENTS PROPERTY v Industrial Tax Abatement Application Page 5 Part H - Variance: (a) Is a variance being sought under Section IV 9(d) of the "Guidelines"? [ ) Yes X No (b) If "Yes", attach any supplementary information required. (a) Has applicant made application for abatement of this facility by other taxing jurisdictions or counties? [ ) Yes t� 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 fetters of intent to abate. t �, Q 5 f i '�� .t wYy 'd3.< t�«�`�'�'� uy� �,, �..'� ` -�,`� •a�3'r +"�,�«�f '"i _ �'�z-��''��'" "�""",�.r1�'� .c_ "�� To the best of my knowledge, the above information is an accurate description of project details. Com W(d5f;ficiarh7'- 1-3 —4,'t P, I Printed Name of Qoffipany Official Title of Company Official Confidential V 2005 ANNUAL SALES APPL My- 4UN- Sm. �. - -T bQY. PAS. i PLANT 284399.42 280,295;92 3?2,38941, tCOMMODMES 27,355.82 35,143,04 97.925.91 RIH nON 35,416.11 31,136.65. 18;274.27 iN IOA74.45 18,07259 24,801.51 4LESFARMS _ 31,898.08 24A889:08 R 11,275.51 14XII2:53 10,02.46 I9DWYORATED 15,732.71 3,589.$2 12,(I5G.38 MANUFACtURING $;259.19 A;Ob,An. 10#M16 i ORI WORKS - 5,454 85 1i1.490;15 too 1,419.73 21;7Ot,80 1,48&73 ICMWUAS L OHTS - ffi,300.Q0 WNWOU M EQUIPMENT 4,770.00 sivr;mt HAUS 1:;IZ3.24 1.617.24 1,W.84 W§IN .FORMS 1,04.57 fy1lNb q'ftdft LTD 431.51 948521 1,8*W 1$%8S MCADO WINERY W.00 2.723.80 32;i.80 f1AL5 (§CRAP} 7%.55 910;70 11010.00, N,.MOORING 1,21$.14 935.00 41 Po. IHIgCiLA53 _ 2,�i+Ol3.:: NDLES, 1,298.33 84190 , OO LUN= 930.00 "NS PAB. 12800 1; .90 CSC INC. ZWQ 00 Jt2.5EPH, INC. 777.00 ' 750:00 3Q85 014 Sur- STORAGE 8197.0 210g00 i PRUSSIA @AMPS 1,444.$5 _ OL STREAM 1,177.68 kE $75.T4 - # 4 O S;INDUSTRIE'S 1,10Q4� - �WORKS )LE Co. 1;0o0.OQ ' JICES. INC. /,000.00 1.E ENVELOPE 697.4,2 MA P}7�14 i WATER TOO $40.00 PLOW CONTROL - 823:40, L PACKAGM MCTROPLATING 105.00 180.00 IA UMBRELLA - 48i 42 RUSH 482� RICATION TGENETICS, INC, - 437te$ INSTON - 4371J5 A 41,.88 PRINTING 324.00 ORPORATED 111.95 "152;85 GRAPHICS - 2W.70 Page 1 TOTAL 887.084.75 100,434.07 84,829.03 OA98.55 66,635.15 38,8W.50 31,373.01 28,318.57 2$,591.30 24,500.08 5,300.00 4,770.00 4,730.32 4.WZ03 4,081.80 4,074.57 3,259,20 3,107.80 2.858.18 2,716.25 2,590.14 T455.00 Z14123 2.098.08 z057.90 2,000.00 1,02285 1,878.38 1,W5.22 1,444.84 1,444.35 1,388.78 1,177.88 1,15258 1,109.42 1,029.12 1,000.00 1,000.00 907,42 957.14 848.00 823.40 801.89 550.00 483,12 48252 475.57 437.65 437.25 411.98 324.00 284.80 250.70 Page 1 Confidential 2005 ANNUAL SALES 0.0 Page 2 'rorai. 258.26 240.57 231.84 218.00 203.00 200.00 198.60 180.25 177.87 17200 1ss.ae 158.98 158.24 136.59 130.00 114.85 101.90 90.00 90.00 83.75 78.82 70.84 75.00 74.50 74.00 8280 00.50 45.00 45.00 4250 4224 4200 41.20 41.20 33.00 31.25 30.90 13.00 0.00 HuRcEY OF IT, GFNG'i Texas .v Hurley Packaging of Texas, Inc. P.O. Box 3667 Lubbock, Texas 79452 806.745.5440 Fax806.745.7180 Attachment 2 An Equal Opportunity Employer A. modernization of building electrical & pluming and addition of manufacturing equipment B. 1. upgrade plumbing & electrical to existing building $100,000.00 2. Blow mold equipment $450,000.00 Bottling equipment $200,000.00 Box Printing equipment $500,000.00 C. See schedule D. 6 months Hurley Packaging of Texas, Inc. is a division of Harley Companies 12131104 2004 Federal Depreciation Schedule Client 3698 Hurley Packaging of Texas, Irtc. 79 2576591 Prior Cur Spxial 179/ Prior Salvage Date Date Cust/ Bus. 179 Depr. Bonus/ Dec. BaL /Basis Dapt. Prio: ,No— amd1lntinn - — Sold Rmic PH Rnnnc fa Ip,. Sa Dept _ neor edurtn Rack _DOP, Meth-d ,jam•, ,f 181 Electricfk o) 10/04/03 3,985 3,985 1,396 SA HY 10 .10000 183 Ddessa Pump 11/09/00 631 637 438 =0 HY 7 .08M 185 (ink +(Jumbo Press) I I/V/00 625 0 423 200D8 HY 7 .06930 191 Ptest Pdntinl Roller 4/06/0) Z,833 Z,833 1,595 MODS HY 7 .12490 191 Wale..% 4/06/01 4400 2,403 1,30 20ODD HY 7 .1249D 192 Stretch Wrap machine 4124/01 6 92? 6,9Z3 3,895 200DB W 7 .12490 193 Lubbock Eiect(Jurolio Press K/D4/01 ZZ 2,500 1,4W 210D8 HY 7 .1249D 194 Press Guage (Tau Tool) 5/15/01 8D5 805 453 =11 HY 7 .1249D 195 Prinitrch 5/21101 4950 2,950 1,66D 20ODB HY 7 .12490 197 92 Tray Rrmer 4119101 3t MD 36,G60 21623 200DR IN 7 .12490 199 Hand Saw 7/ 16/01 4,OOD 4, OOD U52 200DB HY 7 .12402 2W Band Saw Oust System 7/ 18/01 0 483 271 20OD5 HY 7 .124r.0 II 202 Strapper r 7125101 Z750 4750 1,647 2WD8 HY 7 .1249D 2D3 Steel Dock 8/07101 6,E59 6,859 1,715 S/L HY 10 .IW 204 tbntroSBaz-Big Press 9/01101 2,50D Z50 1.406 20MB HY 7 .12493 Z07 Glue Machine 11/01/01 691 601 338 200DO W 7 .12490 20B Factory Equip (Ctic) 11/19/01 1,09 11054 SW 20ODD HY 7 .12490 2M Baler 11/16/01 Y,100 Z100 1,18i =a HY 7 .12493 210 Big Press (Lub Bed) V03/02 z500 ZSD3 0 20DDB HY 7 212 51' Cutter 2/25/02 41700 4,700 0 200D8 HY 7 2i4 Moving EquiFmeut 4/10/02 150 15D t) 200 6 HY 7 215 Lubbock Electfic 4/29102 7i090 P,003 0 2DDDB HY 7 225 Enteipack Machinrr 9/113/02 4,289 4,M 0 2WD6 HY 7 227 Recycling Maohme 2/05/03 12,50 1Z5% 0 20008 MQ 7 221 Air Ournpressor 2/14103 6,950 6,95D. 0 2DODB MQ 7 229 Strapper 2/06/03 IZ965 18,965 0 20ODB IAQ 1 233 Pneumatic Hand Tool 4/15/03 1,697 1,6D7 0 NON MQ 7 393 57 56 354 NO SGS -312 101 3W 4,573' 503 60 343 6% 312 75 132 262 0 0 a 0 0 0 0 0 0 12131/04 Client 3698 2004 Federal Depreciation Schedule Hurley Packaging of Texas, Inc, 75-2576591 Prior Dur Special 119/ Prior salvage Date Data OW/ Bus. 179 bepc Banos/ Dec. Bal. /Dials Depr. Prior Ourfent r)aerrintinn &ZA'drAd -%Fd_ Bade Pal- Rnmts Mew Ste_ NX., RMIlemRasic Darr LWhnd J-AL Rate 148 3 Air (fond & 1 Ait Oompre &AR/99 455 455 354 20MB W7 .09920 41 149 Glues 8120193 499 429 337 ZOODB HY 1 .09 0 45 151 Loue FilI hl=Wne 9/20/99 11,OOD 11,001 k546 2M HY 7 .089M 931 152 Vertical Saw 8/20/99 51000 5,0D3 3,837 ZDD9BHY 7 SO 446 153 Hxizontal Saw 9/20/99 5,0D3 5,000 3,887 203DB HY 7 .010 446 19 Freight - A & K Foam Equi 8/20/99 1,550 1,550 1,204 200DB W 7 .03920 138 155 Labor • A & K Foam Equip 8/31193 4,230 4,23D 3,2S 20ODB HY 7 .0992D 377 156 Labor - Larninating Machin 8/31/99 A546 4546 6,639 20ODB HY 7 .06320 762 157 Install A & K Equip 9/29/99 3,510 3,510 Z727 2DOD8 HY 7 .08920 313 159 Quer 9/13l99 $39 839 652 ZODDB HY 7 .DM 75 160 Kerr lnfold Machine 9/15/99 137 137 107 20ODB W 7 .6892D 12 161 New Clutch for Rsopluer 9/22/9g 871 wt 676 200DB HY 7 .0992D 78 163 A & K InsNalllalion 10/31/99 6B5 0 533 20003 HY 7 .08M 61 164 ANN Cost Inlaid Machin 10/09/99 850 950 6SO 2=5 HY 7 .08920 76 165 Addt9 Cost Fla ogluer 10/24/99 1,303 1,3D3 1,012 20ODB ITY 7 .08920 116 165 Factory Equipment (Am) 11 /03AXI 214 214 166 270D6 HY 7 .QWD 19 167 AddfIInstallationALK 11/33/99 651 551 $05 200DBHY 7 .O RD 58 168 Boiler for Peanut hlachine 11/24/99 3,248 3,248 Z523 MB HY 7 .08920 29D 169 Flexn Pzinl Section 12/17/94 z8U 2,827 Z195 200DO W 7 .0W 25Z 170 Addfl lastsllaiion A & R 12/21/93 Z394 7,394 1,0 2WDB HY 7 AND 214 171 Foam Diecutter 12/17/99 4,SD3 4,% 3,k% 20ODB HY 7 .0692D 401 172 A & K Saer 1/14100 443 443 303 20DD8 HY 7 .M30 40 174 Equipment(Consolidated) 2/03/00 1,880 1,88D 1,2:3- 20308ICY 7 .09930 169 175 Equipmera(Hool Ellis) 2/10/OD 461I 8,627 5,933 ZOODB HY 7 .03930 770 176 Egvipment(Uniled Cant) 2/221M 715 715 491 20ODB HY 7 .08313D 64 179 Vicki Flwn Printer Siatt 8/25/03 105,ODD 10600 35,35D S/L BY 10 .1M 10,600 18D Lubbock ECecipurnhoPress 10/02/01) 2,OD0 zwo 707 SA HY 1D AOU 20D /2/31104 2004 Federal Depreciation Schedule Client 3698 Hurley Packaging of Texas, Inc. 75-2S76591 Prior Cur Special 178I Prior Salvage Date Date Cost/ out 179 Dept Bonus/ Dec. Bal. /Basis Depr. Prior Current �aeerintien A2q n Ored %fd Racis Prf" Ren 13 k41ew SP rlmr wpf-� Hadildn Hatis nepr MBtlind -Lih Rate DgW 99 Air Strapper 6/15/91 123 123 109 20DDB MQ 7 .OB370 11 100 Mobil Air Fan 6115/93 414 414 364 2=8 h1Q 7 .02870 37 101 Palter Jack 6/16/la6 413 413 363 202DB MQ 7 -OB870 31 102 Mobil Air ran 6/2?/98 414 414 364 200DB MO 7 .O887D 37 1D4 Factory Equip (Lubb Elec) 7/17/28 3,651 3,651 3,125 20OD3 MQ 7 .MW 323 108 Nissaa Forklift 1122/93 6,812 6,812 8,143 210B too 7 W52 596 t 13 Lubbock Machine Too. 7/22/99 476 476 407 2=8 MQ 7 .08850 42 115 Strink%Yraa Machine 11/27/90 9.142 9,142 7,645 203D8 MQ 7 .08730 799 121 F14D Folder Glaer 12/31/98 133,039 133,033 68,183 S/L MU 10 .10DIO 13,304 122 Labor - Flow Folder Glue 12/31/98 14570 17,570 6,442 S/L MO 10 .10000 1,257 . 123 FactoryStotage Racks 6/151% 13,COQ 13,030 11,413 2009 U 7 .08970 I'm ' 125 Air Compressoi 1/14/99 1,503 1.50D 1,414 20ODD HY 5 .05760 a6 126 Addt'll C&A Rom Gluer 1/31/99 Z 154 Z154 969 SIL HY 1D .1OD30 215 127 Addt'l Cost FlexoQuer 2/28/93 1,032 1,032 04 S/L HY 1D .1M 103 128 Press 2/10199 11028 1,028 709 200D8 HY 7 .08920 92 129 Press Heal 3117/99 1,378 4376 1,07D ZOO]B liY 7 AB9Z0 123 13D Conveyor 3117/99 700 700 513 20MB W 7 MM 62 131 Stretch WrapMachinc 4/06/99. . 6,71Z %712 5,214 2OU HY 7 .OM 599 132 Factory EQvip (Cub Mach) 4/05/93 340 340 263 20ODB HY 7 .08920 30 U5 Conveyor 5/07/99 1,516 1,516 1,177 ZODDB HY 7 .080 135 137 Flom Press Parts 6/07/99 516 586 455 2=9 HY 7 .09923 52 138 Press AUxImmts 5/O7/99 471 471 365 200D8 h'Y 7 JM20 42 139 Scrap System for Baler 5/13/99 3,5D3 3,50D 7,711 200DO HY 7 .0892D 312 14Z New Martin (Lubbock Weld 6/30/99 191 107 83 27DD8 HY 7 .08920 10 )43 Intold Machine 7/31193 3,OEG 3,Offi 21M 20DDB HY 7 .08320 275 146 Infold Machine 9/31199 1,736 1,736 1,349 20ODD HY 7 .08920 155 147 Shrink Wrap Machine 8112199 4477 5,477 4,255 200DB W 7 .OB920 489 12131104 Client 3698 2004 Federal Depreciation Schedule Hurley Packaging of Texas, Inc. 75-2576591 Prior Ojr Special 179/ Prior Salvap Date Date Cosy But. 179 Dept. Bonus/ Dec. S&L /Basis Der. Prier- Current -11- _O&Sr iplion Amuired -gold Basic -P rue _ AttetA�. S�_ tknr_ n_T�- $��r_M Rags Dgp_� _f r1haA JJL RatP. 52 Sucher head 7/10/96 1,745 1,745 1,312 S/L HY 10 AM175 53 Marking system 9/19/96 97 97 75 S/L HY ID Aft 10 54 Glue system 10/23/96 Z207 ZO 1,657 S/L HY 10 .10300 Z21 55 Press varheul 10/01/96 Z591 Z591 1,943 S/L NY 10 .10030 25t 56 Forklift overhaul 11/14/95 1,295 1,295 975 S/L HY 10 .IlW 130' 57 Shop tables - 12/31/96 345 A5 2e52 S/L HY 10 .1D00O 35 60 Pness Update 1/03/97 Z002 ZDo2 1,375 S/L MQ 1D .1=1 2013' 61 War System Update 1/20197 983 983 674 S/L AW 10 .I= 9 64 Air compnesso- 5/20/97 1,575 1,575 1,046 S/L MQ 10 .10000 159 65 Forklift cnrerfi2711: 6J05/97 4,250 4,250 2,816 S/1 MQ 10 .1t>00a 425'f ` 65 Clutch for press 6/17/97 1,23D 1,233 215 S/L MQ 1D JODM 123> ` 69 New gluespstamn 7/09/97 %162 91162 5,840 S/L MQ 10 JDWO 916 70 Propane t$nk-tmklff. 7/21/97 24 23D 230 20B MQ 5 71 Sticher h:zd 7/26197 71 71 45 S/L NA 10 .11=1 7 72 Tape machirm 8/31/97 2,213 3,213 4046 S/L MQ 1D JMM 321' 73 Press motor 0129197 4,371 4,371 ZM S/L MQ 10 AMM 437 75 PionIletot 10/07/97 1,210 1,210 1,117 20ODDMG 7 .01640 93 76 Rebuild Fotkli(t)Wt9. 11/19/97 1,33S 11335 1,235 80DDSM3 7 .07CAD 1D0 77 1958 Caterpillar Forklift 10/t4/97 14536 19,536 18,042 2OODB MQ 7 .07640 1,494 79 IMOieculter 11/11/97 39,769 39,768 3473D 2D3DB MQ 7 .07640 3,038 87 30ic4OSealer w/ftime[ 1/22/98 3,OD3 3,00D 1,763 S/L MQ 10 .10000 30D M Warehomse Shelves IM/98 700 7D3 611 MB MQ 7 .08750 61 94 PnessGer Box 4/17/98 1.772 1,772 1,555 2=8 MQ 7 .0070 157 95 2 Strappem 4/2 % 1,871 1,971 1,643 241ODB MO 7 .p8870 166 95 Rebuild C/ark Forklif 5/12/99 Z342 Z342 Z061 2008 MO 7 .08870 209 97 Paper Shearer 5/12/92 1,590 1,500 1,317 200J8 MQ 7 .98870 133 98 RaWild Banding MacMag 5113/98 4113 493 434 2D3DB MQ 7 .0890 44 12131104 Client 3698 2004 Federal Depreciation Schedule Hurley Packaging of Texas, Inc. 75-2576591 Prior Wr Sppeeccial 119/ Prior Salvage Date Oats Cost/ Bus. 179 Depr. &anus/. Dee. Hal /Basis Depr. Prior Ourreat jy- nvr:rjpLna Ar."_ _rnred _C-iId asie -PA- Rnnus minyz �4pD_ _Dem Rauch Ras'is Dapr. MAnd Jj[a_ Rain nepr Form 1120, ScEredole A Machinery and Equipment 13 Qrmpressor & finings 4/01/95 1,435 1,435 1,22d S/L HY 10 -10D07 144 14 6ostitshstitcher 4/01/9'a 14911 15,911 14,374 S/L HY I .1M 1,691 15 F&E 2-oaio- press 4101/95 45,347 48,347 41,097 S/L 1{Y 10 .1OD30 4,835 16 handsaw 4101/05 3,191 3,187 Z711 S/L NY 10 .000 319 17 Patdevin cemeter/labler 4101195 4,683 4,683 $978 S/L H1' 10 ,10000 468 19 Takeoff tables 4/01/95 2,300 Z3D0 1,955 S/L HY 10 AM 230.- ; 19 2 Forklifts 4/01/95 8,617 8,617 7,327 S/L HY 10 AM Ile, 21 Plant wiring 8 setup 4/01/95 16,390 1sir390 13,932 S/L W 10 .110000 1,639 21 Plant tslephord 4/01195 165 165 165 S/L MY 7 D> 22 Bahr 60" dew strokr 4/01195 2,200 2,20D 1,870 S/L HY 10 .1000D 2&D 23 LeSaw peas altachn* is 6/26/95 k470 6,4T0 5,500 S/L HY 16 .10904 64T .24 Stifle-/soorwSLA 6/33/9S 23.482 23,462 19,958 S/L HY 10 .im Z349 25 3M tape macHne 8/08/S5 75 75 68 S/L HY 10 .100W 7 ' 26 Fire extinguisher 11/25/95 27$ 278 278 S/L HY 7 0 43. Pallet jack 1125196 75 75 63 S/L HY 10 .1OD30 B 44 Forklift werhail 2128/96 5,359 5,353 4,013 S/L HY 10 .10000 535 45 Shop tables 2/OZ/96 328 328 247 SA HY 10 .1D704 33 46 Glue system 3/07/96 11831 1,831 1,373 S/L HY 10 ADD) 183 47 Tapemechine 3/i1/9? 7,525 7,525 5W S& HY 10 AM 753 48 Tirnectocif 2/21/96 216 216 165 S/L NY I .10D30 22 49 Press motor 8/28196 4912 A922 5,193 S/L HY 10 . OWO 622 50 Trailer 4/18/% 335 335 235 S/L HY 10 .1D30J 34 51 Sh3pdesk 5/29/96 216 216 165 S/L HY 10 .1D*5 22 Hurley Packaging of Texas, Inc. P.O. Box 3667 Lubbock, Texas 79452 806.745.5440 Fax806.745.7180 Attachment 3 A. See Map Hurley Packaging of Texas, Inc. is a division of An Equal Opportunity Employer rr Hurley Companies No Text MapQuest: Maps Page 1 of 1 U Send To Printer Back to Mau 2902 E Municipal Dr Lubbock TX 79403-2900 US Notes: ..................................................... •......................................... i1��.4�!- h.......-......................................... This map is informational only. No representation is made or warranty given as to its content. User assumes all risk of use. MapQuest and its suppliers assume no responsibility for any loss or delay resulting from such use. http://www.mapquest. comlmapslprint.adp?mapdata=sIIDb%2fBv9J8Y%2bUxCe7IO4wfw7%2bIc... 4/22/2005 -L' HURLEY OF CKAGING Texas Hurley Packaging of Texas, Inc. P.O. Box 3667 Lubbock, Texas 79452 806.745.5440 Fax806.745.7180 Attachment 4 An Equal Opportunity Employer A. A $100,000.00 electrical & plumbing upgrade to building B. See district schedule Hurley Packaging of Texas, Inc. is a division of Hurley Companies rage i Ul t Links Home s General information News s -A,() o Taxing Units s Taxpayer info • Forms w Credit Card Payments Searches * Owner Search a Address Search * 4uickRef ID Search Lubbock Central Appraisal District Ownership is current as of 08/27/04 Your search rettuned 3 matches 4 Property Owner Name ld P301143 SANTA S BEST P82386 SANTA'S BEST R27555 SANTAS BEST Property Search Results Legal Description OMITTED PROPERTY 2003 SARS GOODS STORED @ OLD TG&Y WISE LUBBOCK INDUSTRIAL PK L 5 Value $ 4 , 969, 95o•do http://www.lubbockcad.org/Appraisal/PublicAccess/PropertySearchResults.aspx 4/21/2005 R27555 Page 1 of 2 SANTAS BEST (00176740) 770 W FRONTAGE RD STE 160 NORTHFIELD,IL 60093-1255 LUBBOCK INDUSTRIAL PK L 5 2902 E MUNICIPAL DR LUBBOCK, TX Imp HS w. Imp NHS Land HS Date Volume Page AW!"ams Land NHS 12/26/1996 5355 123 PROVIDENT MUTUAL LIFE INS CO Ag Mkt 01/23/1996 5066 53 T G & Y STORES CO #7400 Ag Use Tim Mkt Tim Use HS Cap Assessed HeaVAC Baths . Fireplalce,� 1, Year Built 'Rooms. ' Bedroomo 1975 Type Description Area Year Built Eff Year Value C Commercial $1,588,620 MA MA - Main Area 292095 1975 1975 $2,278,341 CPI CPI - Paving Concrete 66300 1975 1975 $46,410 API AP1 - Paving Asphalt 62914 1975 1975 $11,325 OCI OCI - Other Comml Imp 1 $35,000 SPTB Description F1 Commercial F1 Commercial Area Market ` Ag Value 519975F 103.995 519975F 103,995 $1,761,960 $207,990 $1,969,950 1,969,950 GLB, CLB, SLB, HSP, WHP 10 $1,761,964 $1,572,100 $1,572,100 $207,990 $207,990 $207,990 $1,969,954 $1,780,090 $1,780,090 M■ R27555 SANTAS BEST (00176740) LUBBOCK INDUSTRIAL PK L 5 770 W FRONTAGE RD STE 160 NORTHFIELD,IL 60093-1255 2902 E MUNICIPAL DR LUBBOCK, TX Imp Ha . .... .. Imp NHS Land HS Date Volume Page Land NHS 12126/1996 5355 123 PROVIDENT MUTUAL LIFE INS CO Ag Mid 01123/1996 5066 53 T G & Y STORES CO #7400 Ag Use Tim Mkt Tim Use HS Cap Assessed Construction I Foundation Exterior Interior -Rpof Flooring HesUAC B;tths Fireplace, Year Bulk Rooms, Bedrooms, 1975 Wall 41 Type Description C Commercial MA MA - Main Area MA2 MA2 - Main Area Usf Area 8505 6804 Year Bulk 1975 1975 Eff Year 1975 1975 Value $173,340 $143,735 $114,988 SPTS Description Area Market F1 Commercial 519975F 103,995 F1 Commercial 519975F 103,995 Ag Value 21 84 1,969,950 GLB, CLB, SLB, HSP, VVHP Page 2 of 2 $1,761,960 $1,761,964 $1,572,100 $1,572,100 $207,990 $207,990 $207,990 $207,990 $1,969,950 $1,969,954 $1,780,090 $1,780,090 0 81 21 MA MA2 84 81 Page I of Links • Home • General Information • News • FAQ • Taxing Units • Taxpayer Info • Forms • Credit Card Payments Searches • Owner Search • Address Search • QuickRef ID Search Property Data • Detail Sheet • History • Sketch • Datasheet • Images • Bills Lubbock Central Appraisal District Ownership is current as of 08/27/04 4 Owner Information SANTAS BEST 770 W FRONTAGE RD STE 160 NORTHFIELD, IL 60093-1255 Improvement Images( R27555 ) XRef ID Situs Address R533900-00000-00050-000 2902 E MUNICIPAL DR LUBBOCK, TX There are 2 images associated with Improvements to this property. Click on the image to view it at full resolution. http://www.lubbockcad.orglAppraisalIPublicAccessIPropertylmages. aspx?PropertyID=821050&PropertyO... 5/4/2005 Statement Of Account Issue Date: 5/4/2005 This is a statement of taxes paid and due as of 5/4/2005based upon the tax 1715 26th St. records of the Lubbock Central Appraisal District. PO Box 10568 Lubbock, TX 79408-3568 This document is not a tax certificate and does not absolve a taxpayer from tax Ph: 806-762-5000 x503 Fax: liability in any way. Should this document be found to be in error, it may be corrected by the collections office. Responsibility to pay taxes remains with the taxpayer as outlined in the Texas Property Tax Code. Property ID: R533900-00000-00050-000 Owner ID : 00176740 Quick -Ref ID : R27555 . Value Information SANTAS BEST 770 W FRONTAGE RD STE 160 Land HS $0.00 NORTHFIELD, IL 60093-1255 Land NHS $207,990.0 Imp HS $0.00 Ownership: 100% LUBBOCK INDUSTRIAL PK Imp NHS $1,761,960.0 L 5 Ag Mkt $0.00 Ag Use $0.00 HS Cap Adj $0.00 Assessed $1,969,950.0 Total due on all bills 5/31/2005 : $0.00 0 2003 Tyler Technologies, Inc. Page 1 of 1