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HomeMy WebLinkAboutResolution - 2023-R0144 - Establish Creation of Upland Crossing 2 PID2023008635 40 PGS RESOL mill Irg NN A01i119110111 II Wit 11111 CITY OF LUBBOCK § COUNTY OF LUBBOCK § STATE OF TEXAS § CERTIFICATE TO COPY OF PUBLIC RECORD I hereby certify, in the performance of the functions of my office, that the attached instrument is a full, true and correct copy of Resolution No. 2023-RO144 as the same appears of record in my office and that said document is an official record from the public office of the City Secretary of the City of Lubbock, Lubbock County, State of Texas, and is kept in said office. The total number of pages within the attached document is 38 pages. I further certify that I am the Acting City Secretary of the City of Lubbock, that I have legal custody of said record, and that I am a lawful possessor and keeper and have legal custody of the records in said office. In witness whereof I have hereunto set my hand and affixed the official seal of said office the 9th day of March, 2023. PA (X CV,irtYey Paz Acting City Secretary City of Lubbock Lubbock County, State of Texas Resolution No. 2023-R0144 Item No. 7.3 March 7, 2023 A RESOLUTION OF THE CITY OF LUBBOCK, TEXAS, APPROVING AND AUTHORIZING THE CREATION OF THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT WHEREAS, the City Council (the "Council") of the City of Lubbock (the "City") has received a petition (the "Petition") with signatures from the record owners of taxable real property representing more than fifty percent (50%) of the appraised value of an area within the City as determined by the most recent certified appraisal roll of the Lubbock Central Appraisal District, and owners of more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the area covered by the Petition; and WHEREAS, the Petition requests that the City establish a public improvement district according to Chapter 372 of the Texas Local Government Code for the general purpose of financing improvements and services related to: (a) Acquisition, construction, or drainage facilities or improvements; (b) The design, construction, and maintenance of parks and green spaces, together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), receptacles and any similar items located there in along with all necessary grading, drainage, and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; and (c) Payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District; and WHEREAS, the Petition, a copy of which has been attached to and made a part of this Resolution as "Exhibit I", was examined, verified, found to meet the requirements of Section 372.005(b) of the Texas Local Government Code, and accepted by the City Council; and WHEREAS, the Petition covers property within an area generally bounded by 34t' Street to the north, Upland Avenue to the east, and railroad tracks to the south and west, with such property being the development known as Upland Crossing 2, and a description and depiction of the property covered by the Petition is attached to and made a part of this Resolution as "Exhibit 2"; and WHEREAS, notice of the public hearing was published in the Lubbock Avalanche - Journal, a daily paper of general circulation in the City, such publication date being before the fifteenth (15`h) day before the date of the public hearing, stating the time and place of the public hearing, the general nature of the services, the estimated cost of the services, the boundaries of the proposed public improvement district, the method of assessment, and the apportionment of cost between the public improvement district and the City; and WHEREAS, before the fifteenth (15th) day before the date of the public hearing, written notice of the proposed public improvement district was mailed to the current addresses of the record owners, as reflected on the most recent certified appraisal roll of the Lubbock Central Appraisal District, of property subject to assessment under the proposed public improvement district; and WHEREAS, the public hearing was convened at the time and place mentioned in the published notice, on the seventh (71h) day of March, 2023, at two (2:00) p.m., at Citizen's Tower, located at 1314 Avenue K, Lubbock, Texas; and WHEREAS, in accordance with the published and mailed notices, the Council called the public hearing and heard public comment from interested persons speaking in favor or opposition to the proposed public improvement district and the Council heard a report by City staff on the advisability of the proposed public improvement district and its benefits to the City and to the property within the boundaries of the proposed public improvement district; and WHEREAS, the proponents of the proposed public improvement district offered evidence, both oral and documentary, in favor of all of the foregoing matters relating to the creation of the proposed public improvement district, and opponents of the public improvement district were given the opportunity to appear to contest authorization of the proposed public improvement district, after which the Council closed the hearing; and NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT the facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct. SECTION 2: THAT after conducting a public hearing, examining evidence, and hearing testimony, the City Council finds and determines the following: (a) That the public hearing on the advisability of authorizing the Upland Crossing 2 Public Improvement District has been properly called, held, and conducted and that notice of such hearing has been published and mailed as required by law and delivered to the current address of the owners of property subject to assessment under the Upland Crossing 2 Public Improvement District; and (b) That authorization of the Upland Crossing 2 Public Improvement District with boundaries depicted and described in "Exhibit 2" is advisable and will result in benefits to the City, its residents, and the property owners in the Upland Crossing 2 Public Improvement District for the general purpose of financing improvements and services related to: (i) The acquisition, construction, or drainage facilities or improvements; (ii) The design, construction, and maintenance of parks and green spaces, together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), receptacles and any similar items located there in along with all necessary grading, drainage, and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; and (iii) The payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District; and (c) That the total estimated cost of services and improvements to be paid by the assessment generated within the Upland Crossing 2 Public Improvement District through Fiscal Year 2027-28 is approximately one hundred twenty two thousand seven hundred thirty dollars ($122,730) (the "Costs"), with such Costs being described in "Exhibit 3" attached to and made a part of this Resolution; and (d) That the Costs will be paid by the proposed assessment rate of twelve cents ($0.12) per one hundred dollars ($100) of valuation of property within the Upland Crossing 2 Public Improvement District through Fiscal Year 2027- 28, with such proposed assessment being described in "Exhibit 3"; and (e) That as to the apportionment of the Costs between the Upland Crossing 2 Public Improvement District and the City, all the Costs will be paid by the Upland Crossing 2 Public Improvement District through assessments on the property within the boundaries of the Upland Crossing 2 Public Improvement District. SECTION 3: THAT subject to Chapter 372 of the Texas Local Government Code, the City Council hereby authorizes a public improvement district over the area depicted and described in "Exhibit 2" and such public improvement district shall be identified as the Upland Crossing 2 Public Improvement District, City of Lubbock, Texas. SECTION 4: THAT the City Council shall be the governing board for the Upland Crossing 2 Public Improvement District. SECTION 5: THAT if any section, paragraph, clause or provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section paragraph, clause or provision shall not affect any of the remaining provisions of this Resolution. Passed by the City Council this 7th A EST: — I & zr:��L Courtney Paz, Interim City Secre day of March , 2023. APPROVED AS TO CO. ENT: Brianna Brown, Director of Business Development APPROVED AS TO FORM: A &!�� elli Leisure, Senior Assistant City Attorney Ccdocs://Upland Crossing 2 PID Creation Resolution 2.20.23 BETENBOUGH HOMES February 3, 2023 Brianna Brown Business Development Director City of Lubbock 1314 Avenue K Lubbock, TX 79401 RE: Upland Crossing, Public Improvement District 2 Dear Honorable Mayor and City Council, Upland Crossing 2 PID is a residential development within the city limits of the City of Lubbock bound on the North by 34'" Street, adjacent to the East by Upland Ave, and adjacent to railroad tracks to the South and West. We are proposing to create a Public Improvement District, "PID", to maintain the public improvements for Upland Crossing 2 PID. In order to comply with the "Public Improvements District Policies and Guidelines", we are providing information as required in Section III. "Guidelines", b. "Petition Requirements": 1. Betenbough Homes has purchased/optioned almost 34.294 acres. Betenbough Homes plans to invest $250,000 in improvements for this park system before it would be deeded over to the City of Lubbock and the PID. We will be here to help keep the PID healthy and thriving. We have vested interest in making this PID healthy and self-sufficient. 2. This requirement is addressed in Section 5 of the accompanying Petition. 3. This requirement is addressed in Section 1 of the accompanying Petition. 4. This requirement is addressed in Section 5 of the accompanying Petition. S. If there is sufficient support to petition to dissolve the Public Improvement District certain requirements in addition to sufficient support must be met in order to dissolve the PID. Those requirements include arrangements to transfer ownership and maintenance of the City owned and PID maintained property. These arrangements are to be made by the City Manager or designee with funds available to the PID. Betenbough Homes will have been responsible for some maintenance before the park system would be deeded over. With having supported some maintenance, we feel we will have an accurate representation of cost to propose for the service plan. So far, all of our proposed service plans, are reviewed by city staff, and approved by City Council. 6. This requirement has been met by the map of the area that is attached to this Petition. IN.Ni BETENBOUGH HOMESIR 7.Operation of the PID process shall be consistent with the bylaws for Public Improvement Districts for the City of Lubbock. If a board is not established, then the operation of any PID actions will be managed by the City Manager or designee. S. This requirement is generally addressed in Section 2 of the petition. Addressing this specific PID there will be a drainage basin that will function as drainage storage for the community. The PID will allow the basin to be well maintained. 9. Each parcel of City -owned land will be identified as a "Tract" at time of platting. 10. General description of proposed improvements is addressed in Section 2 of the Petition. 11. The estimated total cost of the improvements is approximately $250,000 and will be paid and constructed by the developer, Betenbough Homes does not desire any reimbursement. The estimated cost of the maintenance is approximately $25,000 per year and is to be paid for by the PID as soon as the funds are available. This is the estimated cost for the entirety of the "park system". 12. Addressing this requirement we have provided a service and assessment plan that is attached as part of this application. 13. Method of assessment will be based on the net taxable value of the affected properties and will be assessed at $.07 per $100.00 valuation. 14. Documentation of liability insurance will be provided as requested by the City of Lubbock. 15. This requirement is addressed in Section 6 of the accompanying Petition. 16. This requirement is addressed in Section 5 of the accompanying Petition. 17. This requirement is met with the attached spreadsheet documenting the provided service and assessment plan. Our goal is to provide all of the information requested to continue with the creation of this PID. Please let us know if you have any questions or require any additional information. X ��_ ��Z�' Chris Berry Land Development Manager Betenbough Homes PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE IMPROVEMENTS TO UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT THE STATE OF TEXAS CITY OF LUBBOCK TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK: The undersigned petitioners (the "Petitioners"), acting pursuant to the provisions of Chapter 372, Texas Local Government Code, as amended (the "Act"), request that the City of Lubbock create a public improvement district (the "District") in the territory described in Exhibit A attached hereto (the "Land") within the City of Lubbock, Texas (the "City"), and in support of this petition the Petitioners would present the following: Section 1. Standing of Petitioners. In compliance with the requirements of Texas Local Government Code, Section 372.005(b), as determined by the current roll of the Lubbock Central Appraisal District, the Petitioners constitute: (i) the owners of taxable real property representing more than 50% of the appraised value of real property liable for assessment under the proposal described herein, and (ii) the record owners of taxable real property that constitutes more than 50% of the area of all taxable real property that is liable for assessment under such proposal. Section 2. General nature of the proposed public improvements. The general nature of the proposed public improvements is: (i)acquisition, construction, or drainage facilities or improvements, (ii) the design, construction and maintenance of parks and green spaces, together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located there in along with all necessary grading, drainage, and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; and (ii) payment of costs associated with developing and financing the public improvements listed in subdivision (i) including costs of establishing, administering and operating the District. Section 3. Estimated cost of the proposed public improvements and annual maintenance: $250,000 estimated for proposed public improvements as mentioned in section 2. Annual maintenance costs - $25,000 for proposed improvements made by developer. Section 4. Boundaries. The proposed boundaries of the District are described in Exhibit A and Exhibit B. Section 5. Method of assessment. An assessment methodology has been prepared that will address (i) how the costs of the public improvements paid for with the assessments are assessed against the property in the District, (ii) the assessments to be collected each year, and (iii) reduction of the assessments for costs savings (pursuant to the annual review of the service plan for the District). Additionally, a report will be prepared showing the special benefits accruing to property in the District and how the costs of the public improvements are assessed to property on the basis of the special benefits. The result will be that equal shares of the costs will be imposed on property similarly benefited. In assessing the maintenance of the public improvements, property will be classified based on the net taxable value of the property. The assessment methodology will result in each parcel paying its fair share of the costs of maintaining the public improvements based on the special benefits received by the property from the public improvements and property equally situated paying equal shares of the costs of the public improvements. The annual budget is subject to review by City of Lubbock staff and final approval by the City Council. The annual assessments may be adjusted as a result of the City of Lubbock staff review and City Council approval. Section 6. Apportionment of Cost between the City and the District. The City will not be obligated to provide any funds to finance the proposed public improvements or maintain the public improvements. All of the costs of the proposed public improvements will be paid by assessments of the property within the District and from other sources of funds, if any, available to the developer of the Land. Section 7. Management of the District. The City will manage the District, or a partnership between the municipality or county and the private sector, to the extent allowed by law, the City may contract with either a non-profit, or a for -profit organization, including a Public Facilities Corporation created by the City pursuant to Chapter 303, Texas Local Government Code, to carry out all or a part of the responsibilities of managing the District, including the day-to-day management and administration of the District. Section 8. Advisory board. An advisory board may be established to develop and recommend an improvement plan to the City Council of the City (the "City Council"). The signers of this petition request the establishment of the District and this petition will be filed with the City Secretary in support of the creation of the District by the City Council as herein provided. [Signature on following page] PETITIONERS: Betenbough Homes LLC 111f Chri, erry, Land Planning Manager THE STATE OF TEXAS § COUNTY OF LUBBOCK § On this, the day o , 2023, before me, the undersigned Notary Public, personally appeared Pad -di Moya w o acknowledged that he is Connections Specialist of Betenbough Homes, LLC, and that he, in such capacity, being duly authorized so to do, executed the foregoing petition for the purposes therein contained by signing his name in such capacity. IN WITNESS WHEREOF, I have hereuny6 sqt my hand and official seal. WRICIA M. MOYA ry Public, State of Texas tary 1D# 13390512.1 otaM is mtisspn fi�ires l)8-11-2026 .( Signature Page for Petition EXHIBIT A The Land A 34.294 ACRE TRACT OF LAND IN SECTION 39, BLOCK AK, G.C. & S.F. RR. CO. SURVEY, ABSTRACT NO.228, LUBBOCK COUNTY, TEXAS A 34.294 acre tract of land located in the Northeast Quarter (NE/4) of Section 39, Block AK, G.C. & S.F. RR. Co. Survey, Abstract No. 228, Lubbock County, Texas, being all of that certain tract of land described in a Correction Special Warranty Deed recorded in County Clerk's File Number 2014004363 of the Official Public Records of Lubbock County, Texas, said 34.294 acre tract being further described by metes and bounds as follows: BEGINNING at a 1/2" iron rod with cap marked "Hugo Reed & Assoc's" found in the south right- of-way line of 34th Street, as described in a Right -of -Way Deed recorded in Volume 558, Page 677 of the Deed Records of Lubbock County, Texas, and in the west line of that certain tract of land described in a Warranty Deed recorded in County Clerk's File Number 2013047547 of the Official Public Records of Lubbock County, Texas, for the northeast corner of this tract, having coordinates of Northing: 7,269,158.33 and Easting: 909,971.59 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the northeast corner of said Section 39 bears N. 01' 51' 40" E. a distance of 40.00 feet and S. 88" 10, 50" E. a distance of 360.29 feet, said section corner having coordinates of Northing: 7,269,186.87 and Easting: 910,332.91 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 01" 51' 40" W., along the west lines of those certain tracts of land described in Warranty Deeds recorded in Volume 3266, Page 102 and Volume 6287, Page 250 of the Real Property Records and County Clerk's File Numbers 2005041119, 2008003296, 2013047547 and 2018036068 of the Official Public Records of Lubbock County, Texas, a distance of 919.78 feet to a 5/8" iron rod found at the southwest corner of that certain tract of land described in a Warranty Deed recorded in Volume 6287, Page 250 of the Real Property Records of Lubbock County, Texas, for an ell corner of this tract; THENCE S. 88" 10' 50" E., along the south line of said tract described in Volume 6287, Page 250, a distance of 0.40 feet to a 5/8" iron rod found at the northwest corner of that certain tract of land described in a Warranty Deed recorded in Volume 1491, Page 52 of the Deed Records of Lubbock County, Texas, for a corner of this tract this tract; THENCE S. 01" 5F 40" W. a distance of 270.08 feet to a 1" iron pipe found at the southwest corner of that certain 1.811 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2014012466 of the Official Public Records of Lubbock County, Texas, for the southeast corner of this tract; THENCE N. 70" IT 50" W., along the north line of the West Texas & Lubbock Railroad, a right- of-way being 100.00 feet in width as described in a Deed recorded in County Clerk's File Number 2015029381 of the Official Public Records of Lubbock County, Texas, a distance of 1686.40 feet to a 5/8" iron rod found at the southeast corner of that certain tract of land described in a Warranty Deed recorded in County Clerk's File Number 2013044872 of the Official Public Records of Lubbock County, Texas, for the southwest corner of this tract, having coordinates of Northing: 7,268,537.79 and Easting: 908,346.08 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 01" 55' 00" E. a distance of 672.00 feet to a 1/2" iron rod found in the south right- of-way line of said 34th street at the northeast corner of said tract described in County Clerk's File Number 2013044872 for the northwest corner of this tract; THENCE S. M 10' 50" E. a distance of 1604.24 feet to the Point of Beginning. Bearings are relative to the Texas Coordinate System of 1983 (2011), Texas North Central Zone. Distances are at surface, in U.S. survey feet. I, Norris Stevens, Registered Professional Land Surveyor, do hereby certify that this description was prepared from an actual survey of the property and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed: June 21, 2021 Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 210437 Sec39 BWAK, St. ClaLr A-2 Sketch -3 nr,r — .:,rr.: --- � I �.. _..... +s.o�'r �:+c+.7.' ...._..—.�.. ufll xi7tlk7-`j - '"---�^---�w-� ..n��..r•..�.... .•w.br�My � ..nbr! � mrst MOT II/ M ' M1 t�rr •L>r� ,60 - �.w 1 A ;? Y2 a A BUUNGARY SURD EY U4 A34.2% %cwrWr OF I.AS D IN SECTION 39. BL(WK AK. C.C. do &F. RR. CO.SURVEY. EY. AEL%-iRACT NO.221L LUBBOCK COUNMY. 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UC 11 Service Plan Proposed Revenue/Expense Worksheet Pro 202x423 Im M6 Zen ,Ted 202E 20"1 2001 2011 ZU21 LanTarals I'LEVE91,1C 75 125 2011 Proprrty Val.W - 13.125,wl 75,Z62.51R1 35,967.750 ,16.6N7,105 37.420.N47 39,169,264 38,912,649 19,710Cr2 40.5115,529 41,315,639 42,L41.932 157,1I97,SN5 Die 44dP,gxalyValour - Its12,." 31,736,230 32370,973 33.01097 33.67N,762 34,352,3321 35,039,1E4 35,740.172 36.454,976 37,1N4,075 37,927,737 121.317,N27 Inlmasl - 351 942 961 9n1 LINN) 1,020 1,040 1.1161 IjW2 1,104 N,415 0.07 ABC mt {d• 50.Ir1 N,269 22,213 22,6611 23,113 2J,5T3 24 n97 24,52N 25,IIlN 25,31N 26,029 19,943 0.10 Amm i 6r $0. 10 i 0.619 23.157 A620 24,093 24.575 M066 2515" 261079 26,6w 27.131 207X3 Impmwmal W coo Fein rAk P rk I SI,ZK(KN1.00 Burin Park S 15,INNL110 S 15,100.00 S 15.6116.IRf S 15,918.11 $ 16,236.49 5 16.361.21 S 16.99244 S 17,110.29 S 17,374.N9 5 17,926.39 T 111,319,43 MOW Coo Ter wrk Propomd porkm I and 2 S Fedas add mI— demlee Prq.%W Parr+ I wW 2 S - Adm .I.4m ve Corte S51N1,(Nn.N) 5 3,wo.o1 S 3.11M[NI S 1,121.20 $ 1, I R3,62 5 1,247.30 S 3,312.24 S 3,37N,49 S 3.44&% S .3,514.98 S 1,5R5,29 5 26.261.N9 Capg.d qtIW_LD5 s? 1 T r,.1 S 5 4E 360.00 S 11.727.20 S 39,101.74 T 19,403.7E $ 19.973,115 S MXM92 S 20.67" $ 21,099.97 S 21.511.67 S 157,59331 Cab Rm $ S 5.419.35 S 11416,65 s IE'W9.90 S 23.3m,02 s "1.96 s 333E4.72 s 3$EEI-s4 $ 44.283.8E 5 49,794.4E S 55.415.29 5 2%593.3I •Prdpmy Veilm,g kmv 2%moudly ••Pspm growthrdc M—odly ASSESSMENT INFORMATION 2019-1019 Assessment per $100,000 $70.00 S 70.00 2027-Future Assessmentper $100,000 $100.00 S 100.00 EXHIBIT A The Land A 34.294 ACRE TRACT OF LAND IN SECTION 39, BLOCK AK, G.C. & S.F. RR. CO. SURVEY, ABSTRACT NO.228, LUBBOCK COUNTY, TEXAS A 34.294 acre tract of land located in the Northeast Quarter (NE/4) of Section 39, Block AK, G.C. & S.F. RR. Co. Survey, Abstract No. 228, Lubbock County, Texas, being all of that certain tract of land described in a Correction Special Warranty Deed recorded in County Clerk's File Number 2014004363 of the Official Public Records of Lubbock County, Texas, said 34.294 acre tract being further described by metes and bounds as follows: BEGINNING at a 1/2" iron rod with cap marked "Hugo Reed & Assoc's" found in the south right- of-way line of 34th Street, as described in a Right -of -Way Deed recorded in Volume 558, Page 677 of the Deed Records of Lubbock County, Texas, and in the west line of that certain tract of land described in a Warranty Deed recorded in County Clerk's File Number 2013047547 of the Official Public Records of Lubbock County, Texas, for the northeast corner of this tract, having coordinates of Northing: 7,269,158.33 and Easting: 909,971.59 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the northeast corner of said Section 39 bears N. 0 V 51' 40" E. a distance of 40.00 feet and S. 88" 10, 50" E. a distance of 360.29 feet, said section corner having coordinates of Northing: 7,269,186.87 and Easting: 910,332.91 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 01" 51' 40" W., along the west lines of those certain tracts of land described in Warranty Deeds recorded in Volume 3266, Page 102 and Volume 6287, Page 250 of the Real Property Records and County Clerk's File Numbers 2005041119, 2008003296, 2013047547 and 2018036068 of the Official Public Records of Lubbock County, Texas, a distance of 919.78 feet to a 5/8" iron rod found at the southwest corner of that certain tract of land described in a Warranty Deed recorded in Volume 6287, Page 250 of the Real Property Records of Lubbock County, Texas, for an ell corner of this tract; THENCE S. 88" 10' 50" E., along the south line of said tract described in Volume 6287, Page 250, a distance of 0.40 feet to a 5/8" iron rod found at the northwest corner of that certain tract of land described in a Warranty Deed recorded in Volume 1491, Page 52 of the Deed Records of Lubbock County, Texas, for a corner of this tract this tract; THENCE S. 01" 51' 40" W. a distance of 270.08 feet to a 1" iron pipe found at the southwest corner of that certain 1.811 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2014012466 of the Official Public Records of Lubbock County, Texas, for the southeast corner of this tract; A-1 THENCE N. 70" 1750" W., along the north line of the West Texas & Lubbock Railroad, a right- of-way being 100.00 feet in width as described in a Deed recorded in County Clerk's File Number 2015029381 of the Official Public Records of Lubbock County, Texas, a distance of 1686.40 feet to a 5/8" iron rod found at the southeast corner of that certain tract of land described in a Warranty Deed recorded in County Clerk's File Number 2013044872 of the Official Public Records of Lubbock County, Texas, for the southwest corner of this tract, having coordinates of Northing: 7,268,537.79 and Easting: 908,346.08 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 01" 55' 00" E. a distance of 672.00 feet to a 1/2" iron rod found in the south right- of-way line of said 34th street at the northeast corner of said tract described in County Clerk's File Number 2013044872 for the northwest corner of this tract; THENCE S. 88° 10' 50" E. a distance of 1604.24 feet to the Point of Beginning. Bearings are relative to the Texas Coordinate System of 1983 (2011), Texas North Central Zone. Distances are at surface, in U.S. survey feet. I, Norris Stevens, Registered Professional Land Surveyor, do hereby certify that this description was prepared from an actual survey of the property and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed: June 21, 2021 Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 210437 Sec39 BWAK, SI. Clair A-2 Upland Crossing 2 Public Improvement District EM Upland Crossing 2 PID Parcels - Lot -Block Lines 35TH ST •• � � a d 111111 y '� � y 0 125 250 A 500 Lubbock Feet TEXAS As required M1y CM1epter 3051, Geospetial Data Products of me Government coda, mid proega is ror mrorm.roq.I p.rpoea...d may.ot nova M1aa. m.arad ror or M1e eqi ror Ie9..rpI. e.0ineeri.p, or...-yina p..It qo q-me-arogoe dad rapraaama..Iy ma apaonmaa..i.r�. magrvey c.tio. or property M1... d.na.. 1/12/2023 Upland Crossing 2 Public Improvement District 2023 SERVICE AND ASSESSMENT PLAN FEBRUARY 16, 2023 11r City of Lubbock TF%AS City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 TABLE OF CONTENTS Tableof Contents........................................................................................................................................ 1 Section I: Plan Description and Defined Terms......................................................................................... 2 Section II: Property Included in the PID......................................................................................................4 Section III: Description of the Improvement Project..................................................................................4 Section IV: Service Plan/Sources and Uses of Funds..................................................................................5 SectionV: Assessment Plan................................................................................................................................6 Section VI: Terms of the Assessments................................................................................................................ 6 Listof Exhibits............................................................................................................................................. 7 Exhibit A - PID Legal Description and Map...................................................................................................... 8 Exhibit B —Service Plan — Five Year Plan................................................................................................... 11 ExhibitC - Assessment Roll.............................................................................................................................15 1 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 Plan Description and Defined Terms A. Introduction Chapter 372 of the Texas Local Government Code, Improvement Districts in Municipalities and Counties" (as amended, the "PID Act"), governs the creation of public improvement districts within the State of Texas. The City of Lubbock created the Upland Crossing 2 Public Improvement District (the "PID") to maintain the public improvements associated with the Upland Crossing 2 planned development and for the benefit of certain property in the PID, all of which is located within the City. (Capitalized terms used herein shall have the meanings ascribed to them in Section 1.13 of this Service and Assessment Plan.) This Service and Assessment Plan has been prepared pursuant to Sections 372.013, 372.014, 372.015 and 372.016 of the PID Act. According to Section 372.013 of the PID Act, a service plan "must cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements. The plan shall be reviewed and updated annually for the purpose of determining the annual budget for improvements." The service plan is included in Section IV of this Service and Assessment Plan. Section 372.014 of the PID Act states that "an assessment plan must be included in the annual service plan." The assessment plan is described in Section V of this Service and Assessment Plan. Section 372.015 of the PID Act states that "the governing body of the municipality or county shall apportion the cost of an improvement to be assessed against property in an improvement district." The method of assessing the Costs of the improvements to the property in the PID is included in Sections V and VI of this Service and Assessment Plan. Section 372.016 of the PID Act states that "after the total cost of an improvement is determined, the governing body of the municipality or county shall prepare a proposed assessment roll. The roll must state the assessment against each parcel of land in the district, as determined by the method of assessment chosen by the municipality or county under this subchapter." The Assessment Roll for the PID is included as Exhibit C of this Service and Assessment Plan. The Assessments as shown on the Assessment Roll are based on the method of assessment described in Section V of this Service and Assessment Plan. The City Council shall make all determinations necessary herein. The City Council intends for the obligations, covenants and burdens on the owner of the Assessed Property, including without limitation such owner's obligations related to the payment of the Assessments, to constitute a covenant running with the land. The Assessments levied hereby 2 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 shall be binding upon the owners of Assessed Property, and their respective transferees, legal representatives, heirs, devisees, successors and assigns. The Assessments shall have lien priority as specified in the PID Act. This Service and Assessment Plan provides for maintenance of improvements benefiting the entire area of the Upland Crossing 2 PID. B. Definitions The terms used herein shall have the following meanings. "Annual Service Plan Amendment" has the meaning set forth in the first paragraph of Section IV of this Service and Assessment Plan. "Assessed Property" means, for any year, parcels within the PID. "Assessment" means, with respect to each Parcel, the assessment imposed against such Parcel pursuant to the Assessment Ordinance and the provisions therein, as shown on the Assessment Roll, subject to reallocation among Parcels and reduction according to the provisions herein and the PID Act. "Assessment Ordinance" means the Assessment Ordinance approved by the City Council approving and adopting this Service and Assessment Plan. "Assessment Roll" means the document included in this Service and Assessment Plan as Exhibit C, as updated, modified, or amended annually in accordance with the procedures set forth herein and in the PID Act. "City" means City of Lubbock, Texas. "City Council" means the duly elected governing body of the City. "Costs" mean the actual or budgeted costs, as applicable, of all or any portion of the maintenance of the public improvements, operation, and other supplemental services, as described in Exhibit 8 of this Service and Assessment Plan. "Developer" means Betenbough Homes, Inc. "Legal Description" means the metes and bounds legal description of the PID area included as Exhibit to the Service and Assessment Plan. 3 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 "Improvement Project" means the maintenance of the public improvements that will provide a special benefit to the property in the PID and described in Exhibit 8 of this Service and Assessment Plan and Section 372.003 of the PID Act. "Parcel" means a parcel identifed by either a tax map identification number assigned by the Lubbock County Appraisal District for real property tax purposes or by lot and block number in a final subdivision plat recorded in the real property records of Lubbock County, Texas or identified by any other reasonable means determined by the City Council. "PID" has the meaning set forth in the second paragraph of Section LA of this Service and Assessment Plan. "PID Act" means Texas Local Government Code Chapter 372, Improvement Districts in Municipalities and Counties, Subchapter A, Public Improvement Districts, as amended. "PID Map" means the map included as ExhibitA to the Service and Assessment Plan identifying the property included in the PID. "Service and Assessment Plan" means this Service and Assessment Plan prepared for the PID pursuant to Section 372.013, 372,014, 372.015, and 372.016 of the PID Act. Section II Property Included in the PID The PID is located in the City of Lubbock, Texas. A map of the property included in the PID and a legal description is shown on Exhibit A to this Service and Assessment Plan. The 34.294 acre development is expected to consist of approximately 200 residential units, drainage basin and associated rights of way, landscaping, and infrastructure. An explanation of the method of assessing property is included in Section V. Section III Description of the Improvement Project The general nature of the proposed public improvements is: (i) acquisition, contruction, or drainage facilities or improvements, (ii) the design, construction, and maintenance of Parks and green spaces together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and green 21 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 spaces; landscaping, hardscape and irrigation; and (iii) payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District. The District is to supplement and enhance services within the District.. The public improvements will be constructed by the Developer with no reimbursement from the PID. After analyzing the maintenance, operation, and other supplemental services related to the Public Improvements, the City has determined that the maintenance of the public improvements authorized by the PID Act, shown in Exhibit B, should be performed by the City and has further determined that these maintenance activities will be of special benefit to all the Assessed Property within the PID. A. Maintenance of Public Improvements The cost of the maintenance, operation and other supplemental services to be funded through assessments on Assessed Property is estimated at $15,000 in the first year and increases to $31,524 in the 5t" year, with 2 percent annual growth thereafter. The budget for the maintenance, operation, and other supplemental services will be determined annually by the City and will be included in a Service Plan Amendment along with amendments to the Assessment Roll reflecting assessments (the "Maintenance Assessment") based on such budget for maintenance, operation and necessary supplemental services. Section IV Service Plan/Sources and Uses of Funds Section 372.013 of the PID Act requires this Service and Assessment Plan to "cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements. The Developer plans to make improvements at a cost of $250,000. The PID will not reimburse the Developer for those improvements. The PID will maintain the public improvements. The plan shall be reviewed and updated annually for the purpose of determining the annual budget for maintenance." Such annual update to this Service and Assessment Plan is herein referred to as the "Annual Service Plan Amendment." The Upland Crossing 2 PID will have no indebtedness and the PID assessments will fund the maintenance of the public improvements, operation, and other supplemental services. The table below shows estimated sources and uses of funds including the projected cost of maintaining the public improvements. 5 Tax Year Property Values (Taxable) Discounted Property Values Fiscal Year Revenues Interest Earnings Assessment @ $0.12 Total Expenses Basin Park Maintenance Annual Operating Cost Administrative Costs Total Cash Reserve City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 Proposed Budget 2024 Projected 2025 2026 2027 Totals 2023 2,911,768 16,095,003 38,291,903 39,057,741 39,838,896 39,838,896 2,620,591 14,485,503 34,462,713 35,151,967 35,855,007 35,855,007 2023-24 1 2024-25 2025-26 2026-27 2027-28 1 Totals* $ - - - 24 193 $ 217 3,145 17,383 41,355 42,182 43,026 147,091 $ 3,145 17,383 41,355 42,206 43,219 $ 147,308 $ - 15,000 15,300 15,606 $ 45,906 6,000 6,000 6,120 6,242 6,367 30,730 9,000 9,000 9,180 9,364 9,551 46,094 $ 15,000 15,000 30,300 30,906 31,524 $ 122,730 $ 11,855 9,473 1,583 12,883 13,278 $ 13,278 Assessment Information for $100,000 Home $120 The sources and uses of funds table is subject to revision each year. Section V Assessment Plan The PID was created and the assessment is being levied pursuant to Section 372.015 of the PID Act, "Determination of Assessment." A. Allocation of assessment • Properties will be assessed based on the City's 2023 "net taxable value" as established by the Lubbock Central Appraisal District and submitted to the City under Tax Code Section 26.04. • Assessment will be $0.12 per $100 valuation • All property will be assessed based on the final 2023 "net taxable value". Section VI Terms of the Assessments The annual assessment for each parcel within the PID shall be shown on the assessment roll. The amount of the assessment could change each year when the Service and Assessment Plan are adopted due to increased value on a parcel or the estimated cost of maintaining the public improvements, repair or replacement costs, and operational or administrative costs. 0 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 List of Exhibits Exhibit A PID Legal Description and Map Exhibit B Service Plan — 5 Year Plan Exhibit C Assessment Roll 7 Upland Crossing 2 Public Improvement District EM Upland Crossing 2 PID Parcels - Lot -Block Lines ssr�i� sT i i7T &Mimi I I L 0 125 250 A 500 Lubbock Feet TEXAS As required M1y CM1epter 3051, Geospatial Data Products of me Government coda, mid prodga is ror mrormaiogai pgrpoaaa apd may qot nova M1aaq d ror or M1a aq ror ideava ,-9i.-d.a, or agryiga pgrpoaaa.M1 m saraqo q-ma-arogpd agry dad rapraaama omy apix­.A.M.r.I.t va ...tioq or property M1oggdadsa. 1/12/2023 Exhibit A EXHIBIT A The Land A 34.294 ACRE TRACT OF LAND IN SECTION 39, BLOCK AK, G.C. & S.F. RR. CO. SURVEY, ABSTRACT NO.228, LUBBOCK COUNTY, TEXAS A 34.294 acre tract of land located in the Northeast Quarter (NE/4) of Section 39, Block AK, G.C. & S.F. RR. Co. Survey, Abstract No. 228, Lubbock County, Texas, being all of that certain tract of land described in a Correction Special Warranty Deed recorded in County Clerk's File Number 2014004363 of the Official Public Records of Lubbock County, Texas, said 34.294 acre tract being further described by metes and bounds as follows: BEGINNING at a 1/2" iron rod with cap marked "Hugo Reed & Assoc's" found in the south right- of-way line of 34th Street, as described in a Right -of -Way Deed recorded in Volume 558, Page 677 of the Deed Records of Lubbock County, Texas, and in the west line of that certain tract of land described in a Warranty Deed recorded in County Clerk's File Number 2013047547 of the Official Public Records of Lubbock County, Texas, for the northeast corner of this tract, having coordinates of Northing: 7,269,158.33 and Easting: 909,971.59 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the northeast corner of said Section 39 bears N. 0V 51' 40" E. a distance of 40.00 feet and S. 88" 10, 50" E. a distance of 360.29 feet, said section corner having coordinates of Northing: 7,269,186.87 and Easting: 910,332.91 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 01" 51' 40" W., along the west lines of those certain tracts of land described in Warranty Deeds recorded in Volume 3266, Page 102 and Volume 6287, Page 250 of the Real Property Records and County Clerk's File Numbers 2005041119, 2008003296, 2013047547 and 2018036068 of the Official Public Records of Lubbock County, Texas, a distance of 919.78 feet to a 5/8" iron rod found at the southwest corner of that certain tract of land described in a Warranty Deed recorded in Volume 6287, Page 250 of the Real Property Records of Lubbock County, Texas, for an ell corner of this tract; THENCE S. 88" 10' 50" E., along the south line of said tract described in Volume 6287, Page 250, a distance of 0.40 feet to a 5/8" iron rod found at the northwest corner of that certain tract of land described in a Warranty Deed recorded in Volume 1491, Page 52 of the Deed Records of Lubbock County, Texas, for a corner of this tract this tract; THENCE S. 0 1 " 5F 40" W. a distance of 270.08 feet to a 1" iron pipe found at the southwest corner of that certain 1.811 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2014012466 of the Official Public Records of Lubbock County, Texas, for the southeast corner of this tract; 9 Exhibit A THENCE N. 70" IT 50" W., along the north line of the West Texas & Lubbock Railroad, a right- of-way being 100.00 feet in width as described in a Deed recorded in County Clerk's File Number 2015029381 of the Official Public Records of Lubbock County, Texas, a distance of 1686.40 feet to a 5/8" iron rod found at the southeast corner of that certain tract of land described in a Warranty Deed recorded in County Clerk's File Number 2013044872 of the Official Public Records of Lubbock County, Texas, for the southwest corner of this tract, having coordinates of Northing: 7,268,537.79 and Easting: 908,346.08 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 01" 55' 00" E. a distance of 672.00 feet to a 1/2" iron rod found in the south right- of-way line of said 34th street at the northeast corner of said tract described in County Clerk's File Number 2013044872 for the northwest corner of this tract; THENCE S. M 10' 50" E. a distance of 1604.24 feet to the Point of Beginning. Bearings are relative to the Texas Coordinate System of 1983 (2011), Texas North Central Zone. Distances are at surface, in U.S. survey feet. I, Norris Stevens, Registered Professional Land Surveyor, do hereby certify that this description was prepared from an actual survey of the property and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed: June 21, 2021 Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 210437 Sec39 BWAK, St. ClaLr A-2 10 Service Plan Tax Year Property Values (Taxable) * Discounted Property Values Fiscal Year Revenues Interest Earnings Assessment @ $0.12 Tota I Expenses Basin Park Maintenance Annual Operating Cost Administrative Costs Total Cash Reserve Exhibit B City of Lubbock, TX Finance Department Upland Crossing 2 Public Improvement District 2023 Preliminary Service Plan February 6, 2023 Proposed Budget 2024 Projected 2025 2026 2027 Totals 2023 2,911,768 16,095,003 38,291,903 39,057,741 39,838,896 39,838,896 2,620,591 14,485,503 34,462,713 35,151,967 35,855,007 35,855,007 2023-24 2024-25 2025-26 2026-27 2027-28 Totals* $ - - - 24 193 $ 217 3,145 17,383 41,355 42,182 43,026 147,091 $ 3,145 17,383 41,355 42,206 43,219 $ 147,308 $ - 15,000 15,300 15,606 $ 45,906 6,000 6,000 6,120 6,242 6,367 30,730 9,000 9,000 9,180 9,364 9,551 46,094 $ 15,000 15,000 30,300 30,906 31,524 $ 122,730 $ (11,855) (9,473) 1,583 12,883 13,278 $ 13,278 Assessment Information for $100,000 Home $120 11 Attachment 1 2023 Service and Assessment Plan Required Attachment Sec. 5.014. NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT. (a) A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, shall first give to the purchaser of the property the written notice prescribed by Subsection (a-1) or (a-2), as applicable. (a-1) Except for the notice prescribed by Subsection (a-2), the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality or county levying assessment), TEXAS CONCERNING THE FOLLOWING PROPERTY (insert property address) As the purchaser of the real property described above, you are obligated to pay assessments to (insert name of municipality or county, as applicable), Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under (insert Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, as applicable). AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from (insert name of municipality or county, as applicable). The exact amount of each annual installment will be approved each year by (insert name of city council or county commissioners court, as applicable) in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from (insert name of municipality or county, as applicable). Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (a-2) For a district described by Section 372.0035, Local Government Code, the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality levying assessment), TEXAS Signature of Purchaser 12 (a-2) For a district described by Section 372.0035, Local Government Code, the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality levying assessment), TEXAS CONCERNING THE FOLLOWING HOTEL PROPERTY (insert property address) As the purchaser of the real property described above, you are obligated to pay assessments to (insert name of municipality), Texas, for the costs of a portion of a public improvement or services project (the "Authorized Services") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED SERVICES, WHICH MUST BE PAID IN FULL WITH EVERY PAYMENT BY THE HOTEL OF LOCAL HOTEL OCCUPANCY TAX REMITTANCES TO THE MUNICIPALITY. YOUR FAILURE TO PAY THE ASSESSMENT MAY RESULT IN PENALTIES AND INTEREST BEING ADDED TO WHAT YOU OWE, AND MAY INCLUDE THE PURSUIT OF ANY OTHER REMEDY THAT IS AUTHORIZED UNDER SECTION 372.0035(d), LOCAL GOVERNMENT CODE. Information about the calculation of the assessment may be obtained from (insert name of the municipality). The exact assessment rate will be approved each year by (insert name of city council) in the annual service plan update for the district. More information about the assessments, including the assessment rate and due dates, may be obtained from (insert name of municipality). The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (b) The seller or the municipality or county that created the public improvement district may provide additional information regarding the district in the notice prescribed by Subsection (a-1) or (a- 2), including whether an assessment has been levied, the amount of the assessment, and the payment schedule for assessments. (c) This section does not apply to a transfer: (1) under a court order or foreclosure sale; (2) by a trustee in bankruptcy; 13 (3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; (4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; (5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; property; (6) from one co-owner to another co-owner of an undivided interest in the real (7) to a spouse or a person in the lineal line of consanguinity of the seller; (8) to or from a governmental entity; or (9) of only a mineral interest, leasehold interest, or security interest. (d) For the purposes of this section, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring notice. Added by Acts 2005, 79th Leg., Ch. 1085 (H.B. 1919), Sec. 1, eff. January 1, 2006. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 20.002, eff. September 1, 2009. Acts 2021, 87th Leg., R.S., Ch. 253 (H.B. 1543), Sec. 3, eff. September 1, 2021. 14 Exhibit C City of Lubbock, TX Finance Department Upland Crossing 2 Public Improvement District 2023 Assessment Roll (Provided by LCAD on 2-8-23) 2023 Market 2023 Estimated 2023 Estimated Property ID Owner Name Mailing Address Property Address Legal Description Value Taxable Value Assessment 6305 82ND ST BLK AK SEC 39 AB 228 TR A14 ACS: R102962 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK 79407 11.023 55,115 55,115 $ 66.14 6305 82ND ST BLK AK SEC 39 AB 228 TR A14A AC: R126622 IBETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 79407 7.867 8,103 8,103 9.72 6305 82ND ST 3406 URBANA PL, R346226 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 933 35,000 35,000 42.00 6305 82ND ST 3408 URBANA PL, R346227 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 934 35,000 35,000 42.00 6305 82ND ST 3413 URBANA PL, R346217 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 924 35,000 35,000 42.00 6305 82ND ST 3503 VALENCIA AVE, R346236 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 943 35,000 35,000 42.00 6305 82ND ST 7410 35TH ST, LUBBOCK, R346251 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 958 35,000 35,000 42.00 6305 82ND ST 3506 VALENCIA AVE, R346240 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 947 35,000 35,000 42.00 6305 82ND ST 3503 VENITA AVE, R346247 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 954 35,000 35,000 42.00 6305 82ND ST 3403 VENITA AVE, R346249 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 956 35,000 35,000 42.00 6305 82ND ST 7428 36TH ST, LUBBOCK, R346283 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 990 35,000 35,000 42.00 6305 82ND ST 3402 URBANA PL, R346224 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 931 35,000 35,000 42.00 6305 82ND ST 3509 VALENCIA AVE, R346233 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 940 35,000 35,000 42.00 6305 82ND ST 7424 35TH ST, LUBBOCK, R346258 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 965 35,000 35,000 42.00 6305 82ND ST 7431 35TH ST, LUBBOCK, R346263 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 970 35,000 35,000 42.00 6305 82ND ST 7429 36TH ST, LUBBOCK, ITX R346288 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 79407 UPLAND CROSSING L 995 35,000 35,000 42.00 Page 1 15 Exhibit C City of Lubbock, TX Finance Department Upland Crossing 2 Public Improvement District 2023 Assessment Roll (Provided by LCAD on 2-8-23) 2023 Market 2023 Estimated 2023 Estimated Property ID Owner Name Mailing Address Property Address Legal Description Value Taxable Value Assessment 6305 82ND ST 7411 36TH ST, LUBBOCK, R346297 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1004 35,000 35,000 42.00 6305 82ND ST 3514 VALENCIA AVE, R346244 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 951 35,000 35,000 42.00 6305 82ND ST 3507 VENITA AVE, R346245 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 952 35,000 35,000 42.00 6305 82ND ST 7418 35TH ST, LUBBOCK, R346259 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 966 35,000 35,000 42.00 6305 82ND ST 7417 36TH ST, LUBBOCK, R346294 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1001 35,000 35,000 42.00 6305 82ND ST 7415 36TH ST, LUBBOCK, R346295 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1002 35,000 35,000 42.00 6305 82ND ST 3407 URBANA PL, R346220 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 927 35,000 35,000 42.00 6305 82ND ST 3501 VALENCIA AVE, R346237 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 944 35,000 35,000 42.00 6305 82ND ST 7416 35TH ST, LUBBOCK, R346254 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 961 35,000 35,000 42.00 6305 82ND ST 7423 35TH ST, LUBBOCK, R346267 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 974 35,000 35,000 42.00 6305 82ND ST 7415 35TH ST, LUBBOCK, R346271 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 978 35,000 35,000 42.00 6305 82ND ST 7430 36TH ST, LUBBOCK, R346284 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 991 35,000 35,000 42.00 6305 82ND ST 3403 URBANA PL, R346222 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 929 35,000 35,000 42.00 6305 82ND ST 3513 VALENCIA AVE, R346231 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 938 35,000 35,000 42.00 6305 82ND ST 7420 35TH ST, LUBBOCK, R346256 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 963 35,000 35,000 42.00 6305 82ND ST 7427 35TH ST, LUBBOCK, ITX R346265 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 79407 UPLAND CROSSING L 972 35,000 35,000 42.00 Page 2 16 Exhibit C City of Lubbock, TX Finance Department Upland Crossing 2 Public Improvement District 2023 Assessment Roll (Provided by LCAD on 2-8-23) 2023 Market 2023 Estimated 2023 Estimated Property ID Owner Name Mailing Address Property Address Legal Description Value Taxable Value Assessment 6305 82ND ST 7425 36TH ST, LUBBOCK, R346290 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 997 35,000 35,000 42.00 6305 82ND ST 3502 VALENCIA AVE, R346238 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 945 35,000 35,000 42.00 6305 82ND ST 7413 35TH ST, LUBBOCK, R346272 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 979 35,000 35,000 42.00 6305 82ND ST 7410 36TH ST, LUBBOCK, R346274 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 981 35,000 35,000 42.00 6305 82ND ST 7424 36TH ST, LUBBOCK, R346281 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 988 35,000 35,000 42.00 6305 82ND ST 3512 VALENCIA AVE, R346243 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 950 35,000 35,000 42.00 6305 82ND ST 7428 35TH ST, LUBBOCK, R346260 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 967 35,000 35,000 42.00 6305 82ND ST 7432 35TH ST, LUBBOCK, R346261 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 968 35,000 35,000 42.00 6305 82ND ST 7418 36TH ST, LUBBOCK, R346278 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 985 35,000 35,000 42.00 6305 82ND ST 3401 URBANA PL, R346223 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 930 35,000 35,000 42.00 6305 82ND ST 3414 URBANA PL, R346230 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 937 35,000 35,000 42.00 6305 82ND ST 7425 35TH ST, LUBBOCK, R346266 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 973 35,000 35,000 42.00 6305 82ND ST 7411 35TH ST, LUBBOCK, R346273 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 980 35,000 35,000 42.00 6305 82ND ST 7422 36TH ST, LUBBOCK, R346280 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 987 35,000 35,000 42.00 6305 82ND ST 3409 URBANA PL, R346219 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 926 35,000 35,000 42.00 6305 82ND ST 3507 VALENCIA AVE, R346234 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 941 35,000 35,000 42.00 Page 3 17 Exhibit C City of Lubbock, TX Finance Department Upland Crossing 2 Public Improvement District 2023 Assessment Roll (Provided by LCAD on 2-8-23) 2023 Market 2023 Estimated 2023 Estimated Property ID Owner Name Mailing Address Property Address Legal Description Value Taxable Value Assessment 6305 82ND ST 7421 35TH ST, LUBBOCK, R346268 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 975 35,000 35,000 42.00 6305 82ND ST 7417 35TH ST, LUBBOCK, R346270 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 977 35,000 35,000 42.00 6305 82ND ST 7432 36TH ST, LUBBOCK, R346285 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 992 35,000 35,000 42.00 6305 82ND ST 3411 URBANA PL, R346218 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 925 35,000 35,000 42.00 6305 82ND ST 3505 VALENCIA AVE, R346235 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 942 35,000 35,000 42.00 6305 82ND ST 7412 35TH ST, LUBBOCK, R346252 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 959 35,000 35,000 42.00 6305 82ND ST 7419 35TH ST, LUBBOCK, R346269 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 976 35,000 35,000 42.00 6305 82ND ST 7433 36TH ST, LUBBOCK, R346286 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 993 35,000 35,000 42.00 6305 82ND ST 3508 VALENCIA AVE, R346241 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 948 35,000 35,000 42.00 6305 82ND ST 3501 VENITA AVE, R346248 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 955 35,000 35,000 42.00 6305 82ND ST 7418 35TH ST, LUBBOCK, R346255 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 962 35,000 35,000 42.00 6305 82ND ST 7423 36TH ST, LUBBOCK, R346291 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 998 35,000 35,000 42.00 6305 82ND ST 7301 34TH ST, LUBBOCK, R346298 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING TR N 13,550 13,550 16.26 6305 82ND ST 3504 VALENCIA AVE, R346239 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 946 35,000 35,000 42.00 6305 82ND ST 7422 35TH ST, LUBBOCK, R346257 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 964 35,000 35,000 42.00 6305 82ND ST 7429 35TH ST, LUBBOCK, R346264 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 971 35,000 35,000 42.00 Page 4 18 Exhibit C City of Lubbock, TX Finance Department Upland Crossing 2 Public Improvement District 2023 Assessment Roll (Provided by LCAD on 2-8-23) 2023 Market 2023 Estimated 2023 Estimated Property ID Owner Name Mailing Address Property Address Legal Description Value Taxable Value Assessment 6305 82ND ST 7426 36TH ST, LUBBOCK, R346282 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 989 35,000 35,000 42.00 6305 82ND ST 3410 URBANA PL, R346228 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 935 35,000 35,000 42.00 6305 82ND ST 3412 URBANA PL, R346229 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 936 35,000 35,000 42.00 6305 82ND ST 3510 VALENCIA AVE, R346242 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 949 35,000 35,000 42.00 6305 82ND ST 7420 36TH ST, LUBBOCK, R346279 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 986 35,000 35,000 42.00 6305 82ND ST 7421 36TH ST, LUBBOCK, R346292 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 999 35,000 35,000 42.00 6305 82ND ST 7419 36TH ST, LUBBOCK, R346293 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1000 35,000 35,000 42.00 6305 82ND ST 7413 36TH ST, LUBBOCK, R346296 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1003 35,000 35,000 42.00 6305 82ND ST 7433 35TH ST, LUBBOCK, R346262 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 969 35,000 35,000 42.00 6305 82ND ST 7414 36TH ST, LUBBOCK, R346276 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 983 35,000 35,000 42.00 6305 82ND ST 7416 36TH ST, LUBBOCK, R346277 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 984 35,000 35,000 42.00 6305 82ND ST 3405 URBANA PL, R346221 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 928 35,000 35,000 42.00 6305 82ND ST 3404 URBANA PL, R346225 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 932 35,000 35,000 42.00 6305 82ND ST 3511 VALENCIA AVE, R346232 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 939 35,000 35,000 42.00 6305 82ND ST 3505 VENITA AVE, R346246 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 953 35,000 35,000 42.00 6305 82ND ST 3401 VENITA AVE, R346250 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 957 35,000 35,000 42.00 Page 5 19 Exhibit C City of Lubbock, TX Finance Department Upland Crossing 2 Public Improvement District 2023 Assessment Roll (Provided by LCAD on 2-8-23) 2023 Market 2023 Estimated 2023 Estimated Property ID Owner Name Mailing Address Property Address Legal Description Value Taxable Value Assessment 6305 82ND ST 7412 36TH ST, LUBBOCK, R346275 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 982 35,000 35,000 42.00 6305 82ND ST 7427 36TH ST, LUBBOCK, R346289 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 996 35,000 35,000 42.00 6305 82ND ST 7414 35TH ST, LUBBOCK, R346253 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 960 35,000 35,000 42.00 6305 82ND ST 7431 36TH ST, LUBBOCK, JUPLAND R346287 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 CROSSING L 994 35,000 35,000 42.00 2,911,768 2,911,768 $ 3,494 Page 6 20 FILED AND RECORDED OFFICIAL PUBLIC RECORDS * t Kelly Pinion County Clerk Lubbock County TEXAS 03/09/2023 10:68 AM FEE: $178.00 2023008635