Loading...
HomeMy WebLinkAboutResolution - 2002-R0182 - Agreement With Lone Star Decorating And Exposition Services - 05_09_2002Resolution No. 2002-RO182 May 9, 2002 Item No. 39 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 an Agreement and all related documents by and between the City of Lubbock and Lone Star Decorating and Exposition Services, attached hereto and which shall be spread upon the minutes of the council and as spread upon the minutes of this Council shall constitute and be a part of this Resolution as if fully copied herein in detail. Passed by the City Council this 9th day of May 2002. I 1� i I--,','----- u •k ATTEST: Rebecca Garza, City Secretary APPROVED AS TO CONTENT: 0j f- A0 Debra B. Forte', Deputy City Manager APPROVED AS TO FORM: D no ald G. Vandiver, First Assistant City Attorney RESOLUTION-LoneStar Resolution No. 2002-RO182 May 9, 2002 Item No. 39 AGREEMENT STATE OF TEXAS § COUNTY OF LUBBOCK § This Agreement made this 9th day of May , 2002, by and between the City of Lubbock, Texas, a home rule municipality of the State of Texas (hereinafter called "City") and Lone Star Decorating and Exposition Services (hereinafter called "Company"); WITNES SETH: WHEREAS, City did receive from Company on the 2nd day of April, 2002, an application for commercial tax abatement for the construction of a new facility at 601 Avenue E which is further described as Lots One (1) through Ten (10) both inclusive, Block Forty -Four (44), Original Town of Lubbock, Lubbock County, Texas. WHEREAS, upon review of the above application, it was determined that facilities would be located in the Lubbock 2000 North Enterprise Zone designated by City in its Ordinance No. 2000-00032; and WHEREAS, the Guidelines and Criteria Governing Tax Abatement for Commercial Projects in Designated Enterprise Zones in the City of Lubbock was heretofore adopted by Resolution No. 2001-R0387 of the City Council of the City of Lubbock; and WHEREAS, the City did comply with all the requirements set forth in V.T.C.A., Tax Code, Section 312.2011; and WHEREAS, the City did comply with all of the criteria and guidelines for creation of an enterprise zone as set forth in Chapter 2303, Subchapter C of the Texas Enterprise Zone Act, Texas Government Code, having adopted Ordinance No. 2000-00032 of the City on June 8, 2000, which ordinance includes 601 Avenue E. WHEREAS, V.A.T.C., Tax Code, Sec. 312.2011 provides 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 construction of a new 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 Commercial Projects in Designated Enterprise Zones adopted by the City Council by Resolution No. 2001-RO387 does recognize construction of a new facility as being eligible for commercial tax abatement status; and WHEREAS, the City Council does hereby find that all of the Guidelines and Cri- teria established for Commercial Tax Abatement within the Enterprise Zones of the City of Lubbock, as adopted by Resolution No. 2001-R0387, have been met by Company; and WHEREAS, Company does intend to construct a new facility; and WHEREAS, the location of the existing facility and surrounding real property, which are to be the subject matter of the Agreement, are attached hereto as Exhibit "A", and made a part of this Agreement for all purposes; and WHEREAS, the City Council finds that entering into this Agreement to abate taxes on the property described in Exhibit "A" will promote high quality commercial development in the City, and enhance economic development within the designated Enterprise Zone; 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: AGREEMENT — LONE STAR Page 2 SECTION 1. Term. This Agreement shall remain in force and effect for a period of five (5) years from the date of its execution, and shall expire and be of no further force and effect after said date. SECTION 2. Base Year. The base year applicable to real property, which is the subject of the Agreement, shall be 2002, 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. PropertIneligible for Tax Abatement. The property described and set forth in Section IV(5) of the Guidelines and Criteria Governing Tax Abatement for Commercial Projects in Designated Enterprise Zones, and heretofore adopted by the City Council by Resolution No. 2001-R0387, and incorporated by reference herein as if fully set out in this Agreement is 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 construction to be located at 601 Avenue E which is further described as Lots One (1) through Ten (10) both inclusive, Block Forty -Four (44), Original Town of Lubbock, Lubbock County, Texas. (b) All eligible tangible personal property placed in or upon the property set forth in Exhibit "A", which does not include any equipment and personal property owned by the company and already located in the existing facility. AGREEMENT — LONE STAR Page 3 (c) It is further understood that all items affixed to the 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 sub- paragraph (a) above set forth. SECTION 7. Economic Qualification. It is hereby found by the City that Company will expend funds necessary to qualify for tax abatement by constructing a new facility, all as set forth in Section IV(9)(a) of the Guidelines and Criteria Governing Tax Abatement for Commercial Projects in Designated Enterprise Zones in the City of Lubbock adopted by the City through Resolution No. 2001-R0387. SECTION 8. Value of Improvements. Company intends to expend approximately three hundred and twenty-eight thousand dollars ($328,000) in constructing a new facility to be located within the Enterprise Zone created by Ordinance No. 2000-00032. SECTION 9. City Access to Property. Company covenants and agrees that City shall have access to the property, which is the subject matter of this Agreement, during normal business hours, and that municipal employees shall be able to inspect the property to insure that the improvements are being made in accordance with the terms and conditions of Company's application for commercial tax abatement, attached as Exhibit "A", and this Agreement. SECTION 10. 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% AGREEMENT — LONE STAR Page 4 SECTION 11. Commencement Date. This Agreement shall commence upon the date of its execution, which date is hereinafter set forth, and shall expire five (5) years after such date. SECTION 12. Type of Improvements. The Company proposes to build a new facility as described in Exhibit "A". The Company further states that the proposed improvements to the property above mentioned shall commence on the 1st day of June, 2002, and shall be completed within approximately 150 days from said date. The Company may request an extension of the above date from City in the event circumstances beyond the control of Company necessitates additional time for completion of such improvements, and such consent shall not unreasonably be withheld. SECTION 13. 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 14. Limitation on Use. Company agrees to limit the use of the property set forth in Exhibit "A" to commercial 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 designated Enterprise Zone during the term of this Agreement. SECTION 15. Recapture. The Company agrees to be bound by and comply with all the terms and provisions for recapture of abated taxes in the event of default by Company pursuant to law and as set forth in Section VII of the Guidelines and Criteria Governing Tax Abatement for Commercial Projects in Designated Enterprise Zones adopted by Resolution No. 2001-RO387 of the City Council of the City of Lubbock. SECTION 16. Certification. The Company agrees to certify annually to the governing body of each taxing unit that the owner is in compliance with the terms of the Agreement. SECTION 17. Compliance. The City may cancel or modify this Agreement if the Company fails to comply with the Agreement. AGREEMENT— LONE STAR Page 5 SECTION 18. Notices. Notices required to be given by this Agreement shall be mailed, certified mail return receipt requested, to the following addresses: CITY OF LUBBOCK LONE STAR DECORATING AND EXPOSITION SERVICES City Manager Andres R. Hernandez P.O. Box 2000 3501 32"d Street Lubbock, TX 79457 Lubbock, TX 79410 AGREEMENT — LONE STAR Page 6 SECTION 19. Effective Date. Notwithstanding anything contained herein to the contrary, this Agreement shall not be effective until such time as it shall be finally passed and approved. EXECUTED this 9th day of May , 2002. LONA STAR DE O TING AND CITY OF LUBBOCK E12S RV ES A Municipal Corp or ion ANDRES K. HE EZ WNDY SIT N MAYOR tcretary ATTEST: Rebecca Garza City Secretary APPROVED AS TO CONTENT: AB b. Forte' Deputy City Manager APPROVED AS TO FORM: t nald G. Vandiver First Assistant City Attorney CAB/G:/Tax Abatement/Lonestar/Lonestar Contract -April 11, 2002 AGREEMENT— LONE STAR Page 7 EXHIBIT "e APPLICATION FOR COMMERCIAL'TAX ABATEMENT IN LUBBOCK, TEXAS Resolution No. 2002-ROlf ORIGINAL COPY OF THIS APPLICATION AND ATTACHMENTS SHOULD BE SUBMITTED TO: City of Lubbock Business Development Department P.O. Box 2000 1625 13`h Street Lubbock, TX 79457 (806) 775-2019 Date of Application: 04/02 /02 Applicant Name: Andres R. Hernandez Company Name: Lone Star Decorating and Exposition Services Address: 3501 32"d Street Lubbock. Texas 79410 Phone: 806/ 762-4112 Fax: 806/ 762-4099 Applicants Representative on this project: Same Name: Address: Phone Type of Ownership: [ ] Corporation [ ] Partnership [X] Proprietorship Total Current Number Employees: 9 Corporate Annual Sales Per Year: $425,000 RECEIVED APR -a 2002 WENS DEVOPj4ENr Lonestar app Commercial Tax Abatement Application Page 2 (a) This application is for a: [X] New Facility [ ] Expansion [ ] Modernization (b) Type of Commercial Facility for which abatement is requested: (c) Minimum economic qualification for tax abatement - place a check beside the statements that apply to your project: [X] Minimum investment at least $250,000 [) Creation of at least 10 new permanent jobs [) At least 30% of the new employees to be hired by the business will be residents of any enterprise zone within the governing body's jurisdiction (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) Address of proposed facility: (f) Legal description of proposed facility: Lots one through ten both inclusive. Block Forty Four, Original Town of (g) Describe product or service to be provided: Please attach the following: Attachment 1 (a) A general description of the improvements to be undertaken (example: build new retail store at 4501 Peach Street and install new furniture and fixtures). Construction of new off ice/warehouse for special event contractor. (b) A descriptive list of the improvements for which tax abatement is requested, including: (1) cost and description of construction and location of all proposed improvements of the Real Property or Existing Facility, and; construction of 15,000 sf off icelwarehouse: $328,000 (2) list of new equipment and cost of the equipment. NONE (c) A list of any and all Tangible Personal Property presently existing on the Real Property or located in an existing facility. See Attachment 1 (d) A proposed time schedule for undertaking and completing the proposed improvements. Start Construction — June 2002, Complete Construction — November 2002 Commercial Tax Abatement Application Page 3 Attachment 2 II (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. Attached I1Attachment 3 (a) A statement of the additional value to the Real Property or Facility as a result of the proposed improvements. $328,000 (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). See Attachment 3 (c) Information concerning the number of new jobs that will be created or the number of existing jobs to be retained as a result of the improvements undertaken. Retaining 9 employees Part A — Current Investment in Existing Improvements: $47,000 Part B — Permanent Employment Estimates: (1) If existing facility, what is the current plant employment: 9 (2) Estimated number of new jobs to be created and time frame for creation of jobs: New Jobs Time Frame (3) Estimated number of retained jobs: 9 (4) Opening of improvements: (Month) November of (Year) 2002_. Part C — Permanent Payroll Estimates: (1) If existing facility, what is the current plant payroll: $175,000 (2) Estimated amount of new payroll : 0 (3) Estimated amount of retained payroll: $175,000 Part D — Construction and Employment Estimates: (1) Construction start: Month June Year 2002 (2) Number of construction jobs: At Start 15 Peak 15 Finish 15 (3) Number of man-years: NA Commercial Tax Abatement Application Page 4 Part E — School District Impact Estimates: Give Estimated number of Children added to ISD's 0 Part F — City Impact Estimates: (1) Volume of treated water required from City NA gallons per day. (2) Volume of effluent to be treated by City NA gallons per day. Part G — Estimated Appraised Value on Site: LAND PERSONAL PROPERTY Value of Existing Facility Before New Construction (From Central Appraisal District) _ 9,750 $44,100 11 Value of New Improvements 0 IMPROVEMENTS $328,000 Estimated Total Value After Improvements 9,750 $44,100 _ $328,000 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. To the best of my knowledge, the above information is an accurate desk ' tion of project tail . Company Official Sigp&Kure Andres R. Hernandez Printed Name of Company Official Owner Title of Company Official t-TTrfir-nAAr-%T J.- Thursday March 28, 2002 11:05AM Segment Value Summary Information Prop ID: P149798 (Personal Property) Owner: LONE STAR DECORATING & EXPOS XRef ID: (186571) % HERNANDEZ ANDRES R Legal FFM & E & INV W/VEHICLE 3501 32ND ST LUBBOCK, TX 79410-2809 02 Totals: 44,100 Seg # Typ Description --------------------------------------------- 02 --------- Ass'd ----- S1 ---------------- FFM FURN & FIX MACH EQUIP 2,500 S2 INV INVENTORY 1,000 S3 AUT AUTOMOBILES 40,600 Enter "D"-Alt Disp, "T"-Table, "L"-Real Link, "ST"-Sort by Type, "S#"-Edit Seg, "S*"-Add Seg, or "RETURN" -Exit: _ 5�- STY �+-`*-�. t..'C'x"E -hc',xT'f'n �� "�'T 'T�' �`�n, 1 n x. l �.,;P� � -;'� .! - � 1 ..% ,+ }.F}j /r�ry r^``�y �( -[ T[ro..ry+p �75 �^�. �+'1�e4► Y x� C��p`'J4 f -Lt' J7 h _-_ tj _ y y„� e✓�f` .t /'�� {� � � ,. /� : � �'F j4 �`xy C It �' , _} it Y ;' YC ♦-�,i� �`'. �D��L7 L(~ ;.i�Qt �.�� e.i�K! �' :rra �ti >.! } }p5� ( l.' '!!�, ENTITY STATEMENT I.D. ORIGINALTAX DISC./PENAITYANT. ATTORNEY FEEWMER nq aftiv- RATIF �L =a . . ... - d" .r R N. WHO , '.. .... - I `D C� & XP0 T k ` P 14979� t 186J71)i4I+*i� FFM & E & INV W/VtHICLE yr r JF f 5,►5 U jR; a fB y T" r isyy .� * F� sap ;/A 7' �f :- - i l ,1. F - .. �} ;ri �t % �, X. d. , �? ♦l:''') �y [ jp'�y_-. '�. -l5( yr` lA' yh .l�(/ I-. '/KtC ..r. X f. �.-"Y .... ✓'e -:.. '^< .- <. ;.! j C y`•., ! �I `; �. l 4 - >( r � i yT h '• �, 1 / t I �� f ��I:(V:i�iF�� - ,� 7 'f A z Fr Tip♦�� � rr .3 Y. 5 jN 'i'C � �' rr1 _;�4^ x% �'�{'`C� 5 i-'4+ 2` 'f � J y � 7 •, �T,�c r<.,�Y Tr > .. � ._ i, ':, 's ? � yv .�.lt...,%:x .�'.� i _ .I�_ 1 _ '�.-_••-•:_'�"�c"T 'S' ... r+. .1. �'.i' �" � i,�"'" s,•�F y„ i f�j, ,� r� :ak , < '- a . ... ...... N :4 00 A.M. VOWdso --t"N' W. I Ai LU 41 ui cc -2 L4 (175f) t_ WA fiwwi:r dime. -T OL cgN ce Thursday March 28, 2002 11:57AM - Property Data Selection Menu - - Prop ID: R95441� (Real Property) Owner: HERNANDEZ ANDRES R & XRef ID: 00371109 (209473) DEBORAH A Legal ORIG T LUBBOCK BLK 44 L 1 & 2 ,/ 3501 32ND ST LUBBOCK, TX 79410-2804 `/ Situs : 601 AVE E Owner Phone . LUBBOCK, TX Undeliverable: NO Entities : GLB, SLB, CLB, HSP, WHP Special Inv. : NO SPTB Codes : C2 Abs./Subd. : S667000 (ORIGINAL TOWN LUBBOCK) Mort. Lender : DBA Mort. Acct. Coll. Status Agent Legal Action:: Mail Rcpt Assessed $1,950 Authority Exemptions (1) Alt. Disp. (2) Primary (4) Bill Status (5) History Enter Menu Bar Option, ',', or '.' for More: (3) Rollbacks (6) Agents LUBBOCK CENTRAL APPRAISAL DIST. STATEMENT OF ACCOUNT P.O. BOX 10568 - 1715 26TH ST. This is a statement of taxes paid & due as of LUBBOCK, TX 79408-3568 28 MAR 2002 based upon the tax records of the (806) 762-5000 EXT. 503 Lubbock Central Appraisal District Operator: HLQ This document is not a tax certificate and does not absolve a taxpayer from tax liability in any way. Should this document be found to be in error it may be corrected by the collection office. Responsibility to pay taxes remains with the taxpayer as outlined in the Texas Property Tax Code. HERNANDEZ ANDRES R & (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 R95441v(0037.1109) VALUES ORIG T LUBBOCK BLK 44 L 1 & 2 Land Ag Mkt 0 SITUS: 601 AVE E LUBBOCK, TX Land Ag Use 0 ENTS DESCRIPTION EXEMPTIONS TAXABLE Land HS 0 GLB LUB80CK COUNTY 1,950 Land NHS 1,950 SLB LUBBOCK ISD 1,950 Imp HS 0 CLB CITY OF LUBBOCK 1,950 Imp NHS 0 HSP LUBBOCK CNTY HOSPITAL 1,950 Assessed 1,950 WHP HI PLAINS WATER DIST 1,950 - HSCapAdj 0 PAID BILLS SUMMARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bills: $0.00 i ,J UNPAID BILLS SUMMARY FOR YEAR BILL ID RATE TAX DUE PEN & INT ATT FEE AMOUNT DUE CLB.01.77902 0.5700 11.12 1.00 0.00 12.12 GLB.01.77902 0.1917 3.74 0.34 0.00 4.08 HSP.01.77902 0.0991 1.93 0.17 0.00 2.10 SLB.01.77902 1.6062 31.32 2.82 0.00 34.14 WHP.01.77902 0.0083 0.16 0.01 0.00 0.17 Total Due on Unpaid Bills: $52.61 Amount Due FOR YEAR if Paid Before 4/01/2002: $52.61 PAGE 1 APR-03-02 WED 10:03 AM LBK.OENTRAL APPRAISAL FAX NO. 1+806+7822451 P.09 LUBBOCK CENTRAL APPRAISAL DIST. STATEMENT OR ACCOUNT P.O. BOX 10568 - 1715 26TH ST. This is a statement of taxes paid & due as of LUBBOCK, TX 79408-3568 03 APR 2002 based upon the tax records of tfiF (806) :62-5000 EXT. 503 Lubbock. Central Appraisal District Operator: LGW This document is not a tax certificate and does not absolve a taxpayer from tax liability in any way, Should this document be found to be in error it may be corrected by the coltection office. Responsibility to pay taxes remains with the taxpayer as outfitted in the Texas Property Tax Code. HERNANDEZ ANDRES R & (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 R95469 (00371118) VALUES ORIG T LUBBOCK BLK 44 L 3 Land Ag Mkt 0 SITTIS: 605 AVE E LUBBOCK, TX Land Ag Use 0 ENTS DESCRIPTION EXEMPTIONS TAXABLE Land HS 0 GLB LUBBOCK COUNTY 975 Land NHS 975 SLB LUBBOCK ISD 975 Imp HS 0 CLB CITX' OF LUBBOCK 975 Imp NHS 0 HSP LUBBOCK CNTY HOSPITAL 975 Assessed 975 WHP HI PLAINS WATER DIST 975 - HSCapAdj 0 PAID BILLS SUMMARY FOR TEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bills: $0.00 UNPAID BILLS SUMMARY FOR YEAR BILL ID RATE TAX DUE PEN & INT ATT FEE AMOWNT DUE CLB.01.77903 0.5700 5.56 0.61 0.00 6.17 GLB.01.77903 0.1917 1.87 0.21 0.00 2.08 HSP.01.77903 0.0991 0.97 0.11 0.00 1- 08 SLB.01.77903 1.6062 15.66 1.72 0.00 17.38 MFH 01.77903 0.0083 0.08 0.01 0.00 0.09 Total Due on Unpaid Bills: $26.80 Amount Due FOR YEAR if Paid Before 5/01/.2002: $26.80 PAGE 1 04-03-02 08:49 TO:MARKET LUBBOCK INC. FROM:1+806+7622451 P09 APR-03-02 ICED 10:00 AM LBK.OENTRAL APPRAISAL FAX N0, 1+$06+7622451 P.02 LUBBOCK CENTRAL APPRAISAL DIST, STATEMENT OF ACCOUNT P.O. BOX 10568 - 1115 .26TH ST. This is a statement of taxes paid & due as of LUBBOCK, TX 79408-3568 03 APR 2002 based upon the tax records of the (806) 762--5000 EXT. 503 Lubbock. Central Appraisal District Operator: LGW This document is not a tax certificate and does not absolve a taxpayer from tax [fabiCity in any way. Should this document be found to be in error it may fie corrected by the coCCection office. Responsibility to pay taxes remains with the taxpayer as outlined in. the Texas Property Tax Code. HERNANDEZ ANDRES R & (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 -------------------------------------------------------------------------------- R95493 (00371127) VALUES ORIG T LUBBOCK BLK 44 L 4 Land Ag Mkt 0 SITUS: 607 AVE E LUBBOCK, TX Land Ag Use 0 ENTS DESCRIPTION EXEMPTIONS TAXABLE Land HS 0 GLB LUBBOCK COUNTY 975 Land NHS 97.5 SLB LUBBOCK ISD 975 Imp HS 0 CLB CITY OF LUBBOCK 975 Imp•NHS 0 HSP LUBBOCK CNTT HOSPITAL 975 Assessed 975 MP III PLAINS WATER DIST 975 - HSCapAdr 0 PARTIALLY PAID BILLS SUMMARY FOR YEAR BILL ID LEVIED TAX %PD #PD PAID TAX DISC P&I ATT FEE ANTI' PAID Amount Paid on Partially Paid Bills: $0.00 PARTIALLY PAID BILLS BALANCE DUE SUMMARY FOR YEAR BILL ID RATE LEVIED TAX TAX DUE DISC P&I ATT FEE AMY DUE Tax Due on Partially Paid Bitfs: $0.00 PAID BILLS SU04ARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bills: $0.00 UNPAID BILLS SUMMARY FOR YEAR. BILL ID RATE TAX DUE PEN & INT ATT FEE AMOUNT DUE CLB.01.77904 0,5700 5.56 0.61 0.00 6.17 GLB.01,77904 0.1917 1.87 0.21 0.00 2.08 HS.P.01.77904 0.0991 0.97 0.11 0.00 1.08 S.LB.01.77904 1,6062 15.66 1.72 0.00 17.38 VvHP.01.77904 0.0083 0.08 0.01 0.00 0109 Total Due on Unpaid Biffs: $26.80 Amount Due FOR YEAR if Paid Before. 5/01/2002: $26.80 PAGE 1 04-03-02 98:45 TO:MARKET LUBBOCK INC. FROM:1+895+7522451 P02 APR-03-02 WED 10.01 AM LBK.CENTRAL. APPRAISAL FAX NO, 1+806+7622451 P.03 LUBBOCK CENTRAL APPRAISAL DIST, STATEMENT OF ACCOUNT P.O, BOX 10568 - 1715 .26TH ST, This is a statement of taxes paid & dtae as of LUBBOCK, TX 79408-3568 03 APR 2002 based upon the tax records of the (806) 762-5000 EXT. 503 Lubbock. Central Appraisal District Operator: LGW This document is not a tax certificate and does not absolve a taxpayer from tnx- (i(t61fity in any way. Should tb.is document be found'to be in error it may be corrected by the coClecti.on office. Responsibility to pay taxes remains with the taxpayer as outCi.ned in the Texas Property Tax Code, HERNANDEZ ANDRES R & (209473) .DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 R95518 (00371136) OR.IG T LUBBOCK BLK 44 L 5 SITUS: 609 AVE E LUBBOCK, TX ENTS DESCRIPTION GLB LUBBOCK COUNTY SLB LUBBOCK ISD CLB CITY OF LUBBOCK HSP LUBBOCK CNTY HOSPITAL VdiP III PLAINS WATER DIST VALUES Land Ag Mkt 0 Land Ag Use 0 EXEMPTIONS TAXABLE Land HS 0 975 Land NHS 975 975 Imp HS 0 975 I ntp NHS 0 975 Assessed 975 975 - HSCapAdj 0 PAID BILLS SUMMARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bills: $0.00 UNPAID BILLS SUMMARY FOR YEAR BILL ID RATE TAX DUE PEN & INT ATT FEE AMOUNT DUF CLB.01.77905 0.5700 5.56 0,61 0,00 6,17 GLB.01.77905 0,1917 1.87 0.21 0,00 2.08 HSP.01.77905 010991 0.97 0.11 0100 1.08 SLB.01.77905 1,606.2 15.66 1.72 0.00 17,38 I6HP'0.1177905 010083 0.08 0.01 0.00 0,09 Total Due on Unpaid Bills: $26,80 ---------------------------------------------------------------------------------- Amount Due FOR YEAR if Paid Before 510112002: $26.80 PAGE I 04-03-02 08:46 TO:MARKET LUBBOCK INC. FROM:1+806+7622451 P03 APR-03-02 >ED 10:01 AN LBUENTRAL APPRAISAL FAX NO. 1+806+7622451 P.04 LUBBOCK CENTRAL APPRAISAL DIST, STATEMENT OF ACCOUNT P.O. BOX 10568 - 1115 26TH ST. This is a statement of taxes paid & due as of LUBBOCK, TX 79408-3568 03 APR 2002 based upon the tax records of the (906) 762--5000 EXT. 503 Lubbock. Centre( Appraisal District Operator: LGW This document is not a tax certificate and does not a6solve a taxpayer froin tax liability in any way. Should this document 6e found to be in error it may 6e corrected by the cotCaction office, Responsibility to pay taxes remains with the taxpayer as outlined in the Texas Property Tax Code, HERNANDEZ ANDRES R c& (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410--2804 R95546 (00371145) ORIG T LUBBOCK BLK 44 L 6 SITUS: 611 AVE .E LUBBOCK, TX ENTS DESCRIPTION GLB LUBBOCK COUNTY SLB LUBBOCK ISD CLB CITY OF LUBBOCK HSP LUBBOCK CNTY HOSPITAL TMHP HI PLAINS WATER DI S T VALUES Land Ag Mh,t 0 Land Ag Use 0 EXEMPTIONS TAXABLE Land HS 0 975 Land NHS 975 975 Imp HS 0 975 Imp NHS 0 975 Assessed 975 975 - HSCapAdj 0 PAID BILLS SUMMARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bills: $0,00 UNPAID BILLS SUMMARY FOR YEAR BILL ID RATE TAX DUE PEN & TNT ATT FEE AMOUNT DU CLB.01,77906 0,5700 5.56 0.61 0.00 6,17 GLB,01,77906 0.1917 1.87 0.21 0.00 2.08 HSP,01.77906 0.0991 0.97 0.11 0.00 1.08 SLB.01.77906 1.6062 1.5.66 1,72 0,00 17.38 vvHP.01.77906 0,0083 0.08 0.01 0100 0,09 Totaf Due on Unpaid BiCis: $26.80 Amount Due FOR YEAR if Paid Before 5/0.1/2002: $26,80 PAGE 1 04-03-02 08:47 TO:MARKET LUBBOCK INC. FROM:1+896+7622451 PO4 APR-03-02 WED 10,02 AM LBUENTRAL APPRAISAL FAX NO, 1+806+7622451 P.05 LUBBOCK CENTRAL APPRAISAL DIST, STATEMENT OF ACCOUNT P.O. BOX 10568 - 17.15 26TH ST, This is a'statement of taxes paid & dtte as of LUBBOCK, TX 79408-3568 03 APR 2002 based upon the tax records of the. (806) 762 -5000 EXT. 503 Lubbock. Centrat Appraisal District Operator: LGW This document is not a tax certificate and does not absolve a taxpayer from tax liability in any way, Should this document b'e found to be in error it may 6e corrected by the collection office. Responsibility to pa.y taxes remains with the taxpayer as outlined in the Texas Property Tax Code, HERNANDEZ ANDRES R & (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 R95575 (00371154) ORIG T LUBBOCK BLK 44 L 7 SITUS: 613 AVE E LUBBOCK, TX ENTS DESCRIPTION EXEMPTIONS GLB LUBBOCK COUNTY SL.B LUBBOCK ISD CLB CITY OF LUBBOCK HSP LUBBOCK CNTT HOSPITAL iVHP HI PLAINS WATER DIST VALUES Land Ag Mkt 0 Land Ag use 0 TAXABLE Land HS 0 975 Land NHS 975 975 Imp HS 0 975 Imp .NHS 0 975 Assessed 975 975 - HSCapAd} 0 PAID BILLS SUMMARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bills: $0.00 UNPAID BILLS StllbWRY FOR YEAR BILL ID RATE TAX DUE PEN & INT ATT FEE AMOUNT DUE CLB,01,77907 0.5700 5.56 0.61 0,00 6,17 GLB.01,77907 011917 1.87 0.21 0.00 2.08 HSP,01.77907 010991 0.97 0.11 0.00 1.08 SLB.01.77907 1.6062 15,66 1,72 0,00 17.38 AHP.01,77907 0.0083 0.09 0.01 0.00 0.09 Total Due on. Unpaid Bills; $26.80 ----------------------------------------------------------------------------------- Amount Due FOR YEAR if Paid Before 5/01/2002: $26.80 PAGE 1 04-03-02 08:47 TO:MARKET LUBBOCK INC. FROM:1+806+7622451 P05 APR-03-02 WED 10:02 AM LBUENTRAL APPRAISAL FAX NO. 1+806+7622451 P,06 LUBBOCK CENTRAL APPRAISAL DIST, STATEMENT OF ACCOUNT P.O. BOX 10568 - 1715 26TH ST. This is a statement of tares paid & due_ as of LUBBOCK, TX 79408-3568 03 APR 2002 based upon the tax records of the (8061 762-5000 EXT. 503 Lubbock. Centra[ Appraisal District Operator: LGW This document is not a tax certificate and does not absolve a. taxpayer from tax fia&ility in any way. Should this document be found to be in error it ntay be corrected by the collection office. Responsibility to pay taxes remains with the taxpayer as outlined in the Texas Property Tax Code. HERNANDEZ ANDRES R & (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 R95599 (00371163) ORIG T LUBBOCK BLK 44 L 8 SITUS: 615 AVE E LUBBOCK, TX ENTS DESCRIPTION GLB LUBBOCK COUNTY SLB LUBBOCK ISD CLB CITY OF LUBBOCK HSP LUBBOCK CNTY HOSPITAL iM fP HI PLAINS WATER DIST EXEMPTIONS VALUES Land Ag Mkt .Land Ag Use TAXABLE Land HS 975 Land NHS 975 Imp HS 975 imp NHS 975 Assessed 975 - HSCapAdj 0 0 0 975 0 0 975 0 PAID BILLS SUMMARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bills: $0.00 UNPAID BILLS SUMMARY FOR YEAR BILL ID RATE TAX DUE PEN & INT ATT FEE AMOUNT DUE CLB.01,77908 0.5700 5.56 0.61 0.00 6.17 GLB.01.77908 0.1917 1.87 0.21 0.00 2.08 HSP.01.77908 0.0991 0.97 0.11 0.00 1.08 SLB,01.77908 1.6062 15.66 1.72 0100 17..38 MP, 01177908 0.0083 0.08 0.01 0.00 0.09 Total Due on Unpaid Bills: $26,80 -------------------------------------------------- Amount Due FOR YEAR if Paid _T__...---_-----...._.._..._-..__--------- Before 510112002: $26.80 PAGE 1 04-03-02 98:48 TO:MARKET LUBBOCK INC. FROM:1+806+7622451 P96 APR-03-02 WED 10:02 AM LBUENTRAL APPRAISAL FAX NO. 1+806+7622451 P.07 LUBBOCK CENTRAL APPRAISAL DIST. STATEMENT OF ACCOUNT I.O. BOX 10568 - 171.5 26TH ST. This is a statement of taxes paid & dae as of LUBBOCK, TX 79408-3568 03 APR 2002 based itpan the tax records of thE-' (806) 762-5000 EXT. 503 Lubbock Central Appraisal District Operator: LGW This docii.tne.pt is not a tax certificate and does not absolve a taxpayer from tax liability in any way. Should this document be found to be in error it rnav 6e corrected by the collection office, Responsibility to pay taxes remains with the taxpayer as outlined in the Texas Property Tax Code, HERNANDEZ ANDRES R & (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 R95627 (00371172) VALUES OR I G T LUBBOCK BLK 44 L 9 Land Ay Mkt 0 SITUS: 617 AVE E LUBBOCK, TX Land AS Use 0 ENT$ DESCRIPTION EXEWTIONS TAXABLE Land HS 0 GLB LUBBOCK COUNTY 975 Land NHS 975 SLB LUBBOCK ISD 975 Imp HS 0 CLB CITY OF LUBBOCK 975 Imp NHS 0 HSP LUBBOCK CN'Tr HOSPITAL 975 Assessed 975 WHP HI PLAINS WATER DIST 975 - HSCapAdj 0 PAID BILLS SUMMARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AA40UNT PAID Total Paid on Paid Bills: $0.00 UNPAID BILLS SUMMARY FOR YEAR BILL ID RATE TAX DUE PEN & INT ATT FEE AMOUNT DUE CLB.01..77909 0.5700 5.56 0.61 0.00 6,17 GLB.01,77909 0.1917 1,87 0.21 0,00 2,08 HSP,01.77909 0.0991 0.97 0.11 0100 1108 SLB,01,77909 1.6062 15.66 1.72 0,00 17.38 MP. 01,77909 0,0083 0.08 0.01 0.00 0.09 Totaf Due on Unpaid Bills: 126.80 ---------------------------------------------------------------------------------------- Amount Due FOR YEAR if Paid Before 5/01/2002, $26.80 PAGE 1 64-63-02 08:48 TO:MARKET LUBBOCK INC. FROM:1+896+7522451 P07 APR-03-02 WED 10:03 AM LE CENTRAL APPRAISAL FAX NO. 1+806+7622451 P.08 LUBBOCK CENTRAL APPRAISAL DIST. STATEMENT OF ACCOUNT P.O. BOX 10568 - 17.15 26TH ST. This is a statement of taxes paid & due as of LUBBOCK, TX 79408-3568 03 APR 2002 based upon the tax records of the (8061) 762-5000 EXT. 503 Lubbock, Central Appraisal District Operator': LGW This document is not a tax certificate and does not absolve a ta.xpaver frorn tax CFabi f ity in any way, Should this document be found to be in error it may be corrected by the collection office. Responsibility to pay taxes remains with the taxpayer as outlined in the Texas Property Tax Code. HERNANDEZ ANDRES R & (209473) DEBORAH A 3501 32ND ST LUBBOCK, TX 79410-2804 R95657 (00371181) ORIG T LUBBOCK BLK 44 L 10 SITUS: 619 AVE E LUBBOCK, TX ENTS DESCRIPTION GLB LUBBOCK COUNTY SLR LUBBOCK ISD CLB C I TT OF LUBBOCK HSP LUBBOCK CNTY HOSPITAL MP HI PLAINS WATER DIST VALUES Land Ag Mkt 0 Land Ag Use 0 EXEMPTIONS TAXABLE Land HS 0 975 Land NHS 975 975 Imp HS 0 975 Imp NHS 0 975 Assessed 97.5 975 - HSCapAdi 0 PAID BILLS SUMMARY FOR YEAR BILL ID BASE TAX DISC P&I ATT FEE PD DATE PD AMOUNT PAID Total Paid on Paid Bilts: $0,00 UNPAID BILLS SUMMARY FOR YEAR BILL. ID RATE TALC DUE PEN &: INT ATT FEE AMOUNT DUE CLB.01,77910 0.5700 5,56 0.61 0.00 6.17 GLB.01,77910 0.1917 1.87 0.21 0.00 2.08 HSP,01.77910 010991 0,97 0.11 0.00 1.08 SLB,01.77910 1,6062 15,66 1.72 0.00 17.38 TiFP,01.77910 0,0083 0108 0.01 0.00 0.09 Total Due on Unpaid Bills: $26.80 --------------------------------------------------------------------------------- Amount Due FOR TEAR if Paid .Before 5/01/2002: $26.80 PAGE 1 04-03-02 08:48 TO:MARKET LUBBOCK INC. FROM:1+806+7622451 pea .;.f OWNER POLICY OF TITLE INSURANCE ISSUED BY Title Resources Guaranty Company 11 084215 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, Title Resources Guaranty Company, a Texas corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Any statutory or constitutional mechanic's, contractor's, or materialman's lien for labor or material having its inception on or before Date of Policy; 4. Lack of a right of access to and from the land; 5. Lack of good and indefeasible title. The Company also will pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but only to the extent provided in the Conditions and Stipulations. In Witness Whereof, Title Resources Guaranty Company has caused this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A. WESTERN TITLE COMPANY GES GUggy Title Resources Guaranty Company o ' b By wwt r ,a An Authorized Si4rf4ture "w" �� President 'T£XA5' Jo�- f 277 C Secretary EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land: (III) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking that has occurred priorto Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy, (e) resulting in loss or damage that would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. 4. The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land described in Schedule A because of unmarketability of the title. 5. Any claim which arises out of the transaction vesting in the person named in paragraph 3 of ScheduleA the estateor interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or other state or federal creditors' rights taws that is based on either (i) the transaction creating the estate or interest of the Insured by this Policy being deemed a fraudulent conveyance or fraudulent transfer or a voidable distribution orvoidable dividend, (ii) the subordination or recharacterization of the estate or interest being insured by this Policy as a result of the application of the doctrine of equitable subordination or (iii) the transaction creating the estate or interest insured by this Policy being deemed a preferential transfer except where the preferential transfer results from the failure of the Company or its issuing agent to timely file for record the instrument of transfer to the Insured after delivery or the failure of such recordation to impart notice to a purchaser for value or a judgment or lien creditor. FORM T-1: Owner's Policy of Title Insurance (For Use Only in Texas) Effective 1 / 1 / 1993 Resolution No. 2002—RO182 Issued with Policy No. 12 1G1573 SCHEDULE A Amount of Insurance: $47,000.00 Policy No. 11 084215 File No. 48281 Premium: $5GG.00 Date of Policy: April 3, 2001 at 04:11 PM 1. Name of Insured: Andres R. Hernandez and Deborah A. Hernandez 2. The estate or interest in the land that is covered by this policy is: Fee Simple 3. Title to the estate or interest in the land is insured as vested in: Andres R. Hernandez and Deborah A. Hernandez 4. The land referred to in this policy is described as follows: Lots One (1) through Ten (10), both inclusive, Block Forty Four (44)., Original Town of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof, recorded in Volume 5, Page 385, Deed Records, Lubbock County, Texas. Texas Owner Policy T-1 (Rev. 1-1-93) Schedule A Valid Only If Schedule B And ORIGINAL Cover Page Are Attached. Title Resources Guaranty Company WESTERN TITLE COMPANY