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HomeMy WebLinkAboutResolution - 2023-R0145 - Establish Creation of Upland Crossing 3 PID2023008636 35{PGGSS RESOL u, Lbbc,ck mill 1%I� ilWI IN VIRLOWF10N011III1 001k,- C r Vk, 1:" 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-RO145 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 33 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. Acting City Secretary City of Lubbock Lubbock County, State of Texas Resolution No. 2023-R0145 Item No. 7.5 March 7, 2023 A RESOLUTION OF THE CITY OF LUBBOCK, TEXAS, APPROVING AND AUTHORIZING THE CREATION OF THE UPLAND CROSSING 3 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 261h Street to the north, Pine Hills Estates to the east, 34`h Street to the south and Upland Avenue to the west, with such property being the development known as Upland Crossing 3, 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 (151h) 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 3 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 3 Public Improvement District; and (b) That authorization of the Upland Crossing 3 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 3 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 3 Public Improvement District through Fiscal Year 2027-28 is approximately one hundred seventeen thousand seven hundred thirty dollars ($117,730) (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 eighteen cents ($0.18) per one hundred dollars ($100) of valuation of property within the Upland Crossing 3 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 3 Public Improvement District and the City, all the Costs will be paid by the Upland Crossing 3 Public Improvement District through assessments on the property within the boundaries of the Upland Crossing 3 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 3 Public Improvement District, City of Lubbock, Texas. SECTION 4: THAT the City Council shall be the governing board for the Upland Crossing 3 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 day of March , 2023. A TEST: /fl z Co ney Paz, Interim City Sep APPROVED AS TO CO ENT: Brianna Brown, Director of Business Development APPROVED AS TO FORM: Kelli Leisure, Senior Assistant City Attorney Ccdocs://Upland Crossing 3 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 3 Dear Honorable Mayor and City Council, Upland Crossing 3 PID is a residential development within the city limits of the City of Lubbock bound on the North by 26" Street, adjacent to the East by Pine Hills Estates, and adjacent to Upland Ave on the West and 34"' Street to the South. We are proposing to create a Public Improvement District, "PID", to maintain the public improvements for Upland Crossing 3 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 21.646 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. BETENBOUGH HOMES 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. 8. 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 $10,000 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 $.18 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 F Chris Berry Land Development Manager Betenbough Homes PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE IMPROVEMENTS TO UPLAND CROSSING 3 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 imRrovements. 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 - $10,000 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 Chris Berry, Land Planning Manager THE STATE OF TEXAS § COUNTY OF LUBBOCK § On this, the day o r) __, 2023, before me, the undersigned Notary Public, personally appeared Paddi Moya ho 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 010yPATRICIA M. MOYA Notary Public, State of Texas Notary ID# 13390512-1 Co wlssan Fires 08-11-2026 my hand and official seal. Signature Page for Petition AMD Engineering and Surveying A 21.646 ACRE TRACT IN THE SOUTHWEST QUARTER OF SECTION 43, BLOCK AK, E.L. & R.R. RR. CO. SURVEY, ABSTRACT NO. 184, LUBBOCK COUNTY, TEXAS A 21.646 acre tract of land located in the Southwest Quarter (SW/4) of Section 43, Block AK, E.L. & R.R. RR. Co. Survey, Abstract Number 184, Lubbock County, Texas, being all of that certain tract of land described as 17.70 acres in a Warranty Deed recorded in Volume 1472, Page 646 of the Deed Records of Lubbock County, Texas, and a portion of that certain tract of land described as 4.25 acres in a Warranty Deed recorded in Volume 6043, Page 101 of the Real Property Records of Lubbock County, Texas, said 21.646 acre tract being further described by metes and bounds as follows: BEGINNING at a "MAG" nail set in the centerline of Upland Avenue and in the west line of said Section 43 at the southwest comer of said 17.70 acre tract, same being the most westerly northwest comer of the plat limits of Pine Hills Addition, a subdivision according to the map, plat and/or dedication deed thereof recorded in Volume 1709, Page 661 of the Deed Records of Lubbock County, Texas, and for the southwest comer of these plat limits, having coordinates of Northing: 7,270,725.47 and Easting: 910,383,41 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the southwest corner of said Section 43 bears S. 01 ° 52' 44" W. a distance of 1539.75 feet, said section corner having coordinates of Northing: 7,269,186.91 and Easting: 910,332.94 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 01 ° 52' 44" E., along the centerline of Upland Avenue and the west line of said Section 43 at a distance of 170.25 feet pass a railroad spike found, continuing for a total distance of 204.33 feet to a "MAG" nail set for the most westerly northwest corner of these plat limits, same being the southwest corner of that certain 1.00 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2018003570 of the Official Public Records of Lubbock County, Texas; THENCE S. 880 08' 32" E., at a distance of 55.00 feet pass a UT' iron rod with a cap marked "AMD ENGINEERING" set in the east right-of-way line of Upland Avenue, herein dedicated, continuing at a distance of 55.61 feet pass a ) f2" iron rod with a green broken cap found, continuing for a total distance of 296.24 feet to a 1 /2" iron rod with a cap marked "RPLS 4460" found at the southeast comer of said 1.00 acre tract for an ell corner of these plat limits; THENCE N. 01° 48' 4T' E., along the east lines of five tracts of land, being: (1) said 1,00 acre tract, (2) Lynch Addition, Lots I -A and 1-B, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 8252, Page 220 of the Official Public Records of Lubbock County, Texas, (3) that certain 1.50 acre tract of land described in a Warranty Deed recorded in Volume 2783, Page 126 of the Real Property Records of Lubbock County, Texas, (4) that certain 0.94 acre tract of land described in a Warranty Deed recorded in Volume 4927, Page 188 of the Real Property Records of Lubbock County, Texas, and (5)C.renwelge Addition, Lot I, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 5116, Page 195 of the Real Property Records of Lubbock County, Texas, at a distance of 868,45 feet pass a U2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of 26th Street, herein dedicated, continuing for a total distance a distance of 900.45 feet to a 1/2" iron rod with a cap marked "AMD ENG" set in the north line of said Southwest Quarter (SW/4) for the northwest corner of said 4.25 acre tract and the most northerly northwest comer of these plat limits, having coordinates of Northing: 7,271,819.82 and Easting: 910,714,61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zane, whence a cotton spindle found in the centerline of said Upland Avenue at the west quarter corner of said Section 43 bears N. 88" 1 1' 07" W. a distance of 295.21 feet, said quarter section comer having coordinates of Northing: 7,271,829.1-1 and Easting: 910,419.61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S- 880 1 P 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 317.51 feet to a In" iron rod with a cap marked "AMD ENGINEERING" set for a corner of these plat limits; THENCE S. 01" 54' 23" W., at a distance of 32.00 feet pass a 1+2" iron rod with a cap marked "AMD ENG" set in the south right-of-way line of said 26th Street, continuing for a total distance of 200.00 feet to a UT' iron rod with a cap marked "AMD ENGINEERING" set for an el l corner of these plat limits; 6515 681" Slrccl, Suite 300 TBPE Reg. 4 F•9197 Office: (806) 771-5976 Lubbock. Texas 79424 1'13PFt S Reg 0101795-00 Fax: (806) 771-7625 AMD Engineering and Surveying THENCE S. 880 1 P 07" E. a distance of 256.23 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; THENCE N. 0 1 a 54' 23" E., at a distance of 168.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing for a total distance a distance of 200.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the north line of said Southwest Quarter (S W/4) for a corner of these plat limits; THENCE S. 880 11' 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 272.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for the northeast corner of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,271,793.04 and Easting: 911,559.72 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 010 54' 23" W., along the west plat limits of said Pine Hills Addition at a distance of 32.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing at a distance of 45,69 feet pass the south right-of-way line of 26th Street as dedicated with the plat of said Pine Hills Addition, continuing for a total distance of 1105.33 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set at an ell corner of the plat limits of said Pine Hills Addition for the southeast corner of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,270,688.59 and Easting: 911,522.96 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 880 08' 47" W., at a distance of 1085.42 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the cast right-of-way line of said Upland Avenue, continuing for a total distance of 1140.42 feet to the Point of Beginning. Bearings and coordinates are based on the Texas Coordinate System of 1983 (2011), Texas North Central Zone. The convergence angle to True North is -10 53' 35.55" and the combined scale factor is 0.99975996. 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 August 31, 2021 a Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 "Revised I/20/2022 Corrected the bearing on the 8i0 call 211574 Sec 43131k AK, Turner TracL 6515 681' Serccl, Suite 300 113?F Reg. # F-9197 Lubbock, Texas 79424 T13Pl:LS Reg. #t01785.00 2 o/-WZ,5 Office: (806) 771-5976 Far: (806) 771-7625 EXHIBIT B Sketch t " „» ':"`•' A 21.M6 4LCRK TRAC'1 IN 'i ' 7-�� "..y.• T"F-Wt;TUWFAT Q43ARTER4W f"Llr••• •r• •• "• : »»� r' _ SEC N tLDL06'K A& �M9w �' • .4 nr'• .m' ..T FL�IL.R. IR.CV.sURUEY. -TTXAc7 � . - :-'il :. �Y= a„ � .�._._ w+ — ._._ 1.••v.. uaw.^ - _ � _ LULYOCIICOI[AT1'_TiKai ! I +••I „ �- .-«n+•." �w.w„•«,�..w,,,u i � ,.,I_�>s lw.rnlwutur[u l�arFw roll .�r.a a-urw.�u.uAa �,,,� •..ir�� -j IITn�[ewmr.nuw ..r..yse...n re mcwnrsrnl[wrra i.r n.:riirin-e�ea.ru xr.xryr.wr+ nary Jx +iM l+ar wmmr l lM N t if�f�77rr r � x _ wAN• 4irw' Yrww,r.�w r ari '.�wriww� �� a ` • , .w orh. wp r1✓Aw1 � lryR+lr•. 1 1.. »n'wti.r... rw.: s......e�. .. i�.i �'.'.:.i+r'ri'rL .'w'W' ,�."""w' _�.. irs'wrw r .aq w w�••.'� w.T .� ♦...� rwr � fF �' • �. � r� w.xr i s I .Y.ti •YYI y, IR«.w1'ww� T 43 UC 3 Service Plan Proposed Revenue/Expense Worksheet Pra ed 202z 20 2424 2 M6 2027 202E 20291 20ml 70311 I I Tatfk REVEWE Sat a Hm.y ctmW 11 100 Ilxl Prope ly Vd-- - 17,501U081 17,85QIEM1 18,207,1EM1 18.571,1441 IS.AZ565 PAN 414 19,707,842 211.101,999 24%Y14,019 211,914,120 170,705,99A 1]�tod Property Val— - 15,75u,uu0 16,IW,01111 16,386,3011 16,714.026 17,048,307 17399.273 17,737,1158 18,091,799 18453,635 1022,709 153,635,398 InI,T,% - 1,202 1.226 1,251 1.276 1,3111 1,127 1.1.44 1,181 1,4419 111,317 t1.18 A6YobawllN S0.18 _ 28,3511 28,917 29.493 Sq,nll5 10,687 m,301 .11.927 32,565 33.217 24.1.327 0.111 A—m(. S0.10 raw X6#2 34 143 ^746 31.361 31.90E 32,628 33,200 A946 34,625 2536M I t w ova SWOM P Falk 1 $1,230,10)u,th1 Basin Park S 151mml S 15,300.IE1 S 15,6116.1E1 S 15.919.12 $ lk236,48 S 36.561.21 S 16,892.44 S 17,210.29 S 17,574.89 S 17,926.39 S 131,319,43 Electric Cant far park Pmpomd parks 1 and 2 S _ Fences and aW—Yanrer ftW"o l Parks 1 and 2 5 - AAW0151ralhv Cam S54M1,4ME1.111 S 3,01E1,110 S IUW.110 5 3,121.21) 5 3,183.62 5 .1,247,311 5 3.312,24 S 3,178,49 S 1,446.% S 3,514.98 S ,1,$85.2A S 26,263,89 PAW bar#oTkmg Cr01WQia1?] S Tr`al 5 S 13JOA0 S W2710 S 19,101,74 S 19,4m.71 s 19.973.43 $ 20.274.92 S 20,67LU S 21.09.07 S I1,511.67 S 157 im31 Cash R4� 4 S S 11,192.04 $ 22,f07.92 S 34,252.12 S 46,129.20 S 50.243.83 S 70.60U.74 S KLM.80 S 96A60.93 S 109.11. -- S 422,291,50 •Hnq*Iy Vdacgr9mth role 2%matdly —E"msewN wane 2%mntWly ASSESSMENT INFORMATION 20M2029 Assessureltt per $100,000 $190.00 S 190.00 2027-Future Assessment per$100,000 S100.00 S 100.00 491i�* AMD Engineering and Surveying A 21.646 ACRE TRACT IN THE SOUTHWEST QUARTER OF SECTION 43, BLOCK AK, E.L. & R.R. RR. CO. SURVEY, ABSTRACT NO. 184, LUBBOCK COUNTY, TEXAS A 21.646 acre tract of land located in the Southwest Quarter (SW/4) of Section 43, Block AK, E.L. dt R.R. RR. Co. Survey, Abstract Number 184, Lubbock County, Texas, being all of that certain tract of land described as 17.70 acres in a Warranty Deed recorded in Volume 1472, Page 646 of the Deed Records of Lubbock County, Texas, and a portion of that certain tract of land described as 4.25 acres in a Warranty Deed recorded in Volume 6043, Page 101 of the Real Property Records of Lubbock County, Texas, said 21.646 acre tract being further described by metes and bounds as follows: BEGINNING at a "MAG" nail set in the centerline of Upland Avenue and in the west line of said Section 43 at the southwest corner of said 17.70 acre tract, same being the most westerly northwest corner of the plat limits of Pine Hills Addition, a subdivision according to the map, plat and/or dedication deed thereof recorded in Volume 1709, Page 661 of the Deed Records of Lubbock County, Texas, and for the southwest comer of these plat limits, having coordinates of Northing: 7,270,725.47 and Easting: 910,393.41 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the southwest corner of said Section 43 bears S. 01 ° 52' 44" W. a distance of 1539.75 feet, said section corner having coordinates of Northing: 7,269,186.91 and Easting 910,332.94 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 010 52' 44" E., along the centerline of Upland Avenue and the west line of said Section 43 at a distance of 170.25 feet pass a railroad spike found, continuing for a total distance of 204.33 feet to a "MAG" nail set for the most westerly northwest corner of these plat limits, same being the southwest comer of that certain 1.00 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2018003570 of the Official Public Records of Lubbock County, Texas; THENCE S. 880 08' 32" E., at a distance of 55.00 feet pass a V2" iron rod with a cap marked "AMD ENGINEERING" set in the east right-of-way line of Upland Avenue, herein dedicated, continuing at a distance of 55-61 feet pass a 1f2" iron red with a green broken cap found, continuing for a total distance of 296.24 feet to a 1 /2" iron rod with a cap marked "RPLS 4460" found at the southeast comer of said 1.00 acre tract for an el corner of these plat limits; THENCE N. 01° 48' 4T' E., along the east lines of five tracts of land, being: (1) said 1.00 acre tract, (2) Lynch Addition, Lots l-A and 1-13, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 8252, Page 220 of the Official Public Records of Lubbock County, Texas, (3) that certain 1.50 acre tract of land described in a Warranty Deed recorded in Volume 2783, Page 126 of the Real Property Records of Lubbock County, Texas, (4) that certain 0.94 acre tract of land described in a Warranty Deed recorded in Volume 4827, Page 188 of the Real Property Records of Lubbock County, Texas, and (5)Crenwelge Addition, Lot 1, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 5116, Page 195 of the Real Property Records of Lubbock County, Texas, at a distance of 868.45 feet pass a In" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of 26th Street, herein dedicated, continuing for a total distance a distance of 900.45 feet to a 1/2" iron rod with a cap marked "AMD ENG" set in the north line of said Southwest Quarter (SW/4) for the northwest corner of said 4.25 acre tract and the most northerly northwest comer of these plat limits, having coordinates of Northing: 1,271,819.82 and Easting: 910,314.61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a cotton spindle found in the centerline of said Upland Avenue at the west quarter corner of said Section 43 bears N. 88' 1 1' 07" W_ a distance of 295.21 feet, said quarter section corner having coordinates of Northing: 7,271,829.17 and Easting: 910,419.61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone-, THENCE S- 886 1 P 07" E,, along the north line of said Southwest Quarter (SW/4), a distance of 317.51 feet to a In" iron rod with a cap marked "AMD ENGINEERING" set for a corner of these plat limits; THENCE S. Ot' 54' 23" W., at a distance of 32.00 feet pass a 112" iron rod with a cap marked "AMD ENG" set in the south right-of-way line of said 26th Street, continuing for a total distance of 200.00 feet to a 112" iron rod with a cap marked "AMD ENGINEERING" set for an el I comer of these plat limits; 6515 6811 Strecl, Suite 300 TBPE Reg. N F-9197 Office: (806) 771-5976 Lubbock, Texas 79424 1'I)PF[.S Reg. 9101795-00 Fax: (806) 771.7625 wli�* AMD Engineering and Surveying THENCE S. 880 1 P 07" E. a distance of 256.23 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; THENCE N. 010 54' 23" E., at a distance of 168.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing for a total distance a distance of 200.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the north line of said Southwest Quarter (S W/4) for a corner of these plat limits; THENCE S. 980 11' 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 272.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for the northeast corner of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,271,793.04 and Easting: 911,559.72 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 010 54' 23" W., along the west plat limits of said Pine Hills Addition at a distance of 32,00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing at a distance of 45.69 feet pass the south right-of-way line of 26th Street as dedicated with the plat of said Pine Hills Addition, continuing for a total distance of 1105.33 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set at an ell corner of the plat limits of said Pine Hills Addition for the southeast comer of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,270,688.59 and Easting: 911,522.96 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 880 08' 47" W., at a distance of 1085.42 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the east right-of-way line of said Upland Avenue, continuing for a total distance of 1140.42 feet to the Point of Beginning. Bearings and coordinates are based on the Texas Coordinate System of 1983 (2011), Texas North Central Zone. The convergence angle to True North is -10 53' 35.55" and the combined scale factor is 0.99975986. Distances are at surface, in U.S. survey feet. 1, 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 August 31, 2021 Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 "Revised It20/2022 - Corrected the bearing on the 81^ call 21 *74 Sec 43 111k AK, Tamer Pam 6515 681k Street, Suite 300 1 BPF Reg. N F-9197 Lubbock, Texas 79424 T13P1:LS Reg. M101783-00 2 -o/-eoZ3 Ofrice: (906) 771-5976 Fax' (906) 771-7625 j9dI Upland Crossing 3 Public Improvement District N I I F1 TM RME J. a D o � a o 0 Upland Crossing 3 PID City of Parcels 0 125 250 500 Lubbock Feet TEXAS Lot -Block Lines As req.i,edby Chapt.,2051,G..spati.i Data P,.d.ctsol Me Government code, mi. proega i. ror mrorm.roq.i pgrp.....pe may.ot nave bee. a ror or be suite.. ror 191,. i...d9, or ... -y19urposes p. it m s .areot repr...m.q oq-m.-arogpe surv.y — r.presems..iv me a oxim a relative locetiop or property b... ftd... 1/31/2023 Upland Crossing 3 Public Improvement District 2023 SERVICE AND ASSESSMENT PLAN FEBRUARY 16, 2023 'Ciu-bbock Ci�,of TF%AS City of Lubbock, Texas Finance Department Upland Crossing 3 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 3 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 3 Public Improvement District (the "PID") to maintain the public improvements associated with the Upland Crossing 3 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 3 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 3 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 3 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 21.646 acre development is expected to consist of approximately 100 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 3 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 $10,000 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 3 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 @ $0.18 Total Expenses Basin Park Maintenance Annual Operating Cost Administrative Costs Total Cash Reserve City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 Proposed Budget Projected Totals 2023 2024 2025 2026 2027 58,165 52,349 2023-24 17, 559, 328 15,803, 395 2024-25 17, 910, 515 16,119,463 2025-26 18, 268, 725 16,441,853 2026-27 18, 634,100 16, 770, 690 2027-28 18, 634,100 16,770, 690 Totals* $ - 94 - 28,446 71 29,015 47 29,595 21 30,187 $ 139 117,338 $ 94 28,446 29,086 29,642 30,208 $ 117,477 $ - 6,000 4,000 - 6,000 9,000 15,000 6,120 9,180 15,300 6,242 9,364 15,606 6,367 9,551 $ 45,906 30,730 41,094 $ 10,000 15,000 30,300 30,906 31,524 $ 117,730 $ (9,906) 3,540 2,326 1,062 1,011 $ 1,011 Assessment Information for $100,000 Home $180 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 $0.18 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 0 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 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. List of Exhibits Exhibit A PID Legal Description and Map Exhibit B Service Plan — Five Year Plan Exhibit C Assessment Roll 7 j9dI Upland Crossing 3 Public Improvement District N I I F1 TM RRE J. D o � a o 0 Upland Crossing 3 PID City of Parcels 0 125 250 500 Lubbock Feet TEXAS Lot -Block Lines As req.i,edby Chapt.,2051,Geo.p.ti.i Data P,od..t.ol Me Government code, mi. proega i. ror mrormaio.ai pgrpo.e. ape may.ot nave bee. m.area ror or be soi ror legal, e.9meed.9, or...v y1 9�rpo.e. p. It .otrepre.—a.o.-me-q.—.q ey..d repre.em...iv a -i—e relative 1-Mm. or property bo .d.d... me 8 1/31/2023 AMD Engineering and Surveying A 21.646 ACRE TRACT IN THE SOUTHWEST QUARTER OF SECTION 43, BLOCK AK, E.L. & R.R. RR. CO. SURVEY, ABSTRACT NO. 184, LUBBOCK COUNTY, TEXAS A 21.646 acre tract of land located in the Southwest Quarter (SW/4) of Section 43, Block AK, E.L. & R.R. RR. Co. Survey, Abstract Number 184, Lubbock County, Texas, being all of that certain tract of land described as 17.70 acres in a Warranty Deed recorded in Volume 1472, Page 646 of the Deed Records of Lubbock County, Texas, and a portion of that certain tract of land described as 4.25 acres in a Warranty Deed recorded in Volume 6043, Page 101 of the Real Property Records of Lubbock County, Texas, said 21.646 acre tract being further described by metes and bounds as follows: BEGINNING at a "MAG" nail set in the centerline of Upland Avenue and in the west line of said Section 43 at the southwest comer of said 17.70 acre tract, same being the most westerly northwest comer of the plat limits of Pine Hills Addition, a subdivision according to the map, plat and/or dedication deed thereof recorded in Volume 1709, Page 661 of the Deed Records of Lubbock County, Texas, and for the southwest comer of these plat limits, having coordinates of Northing: 7,270,725.47 and Easting: 910,383,41 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the southwest corner of said Section 43 bears S. 01 ° 52' 44" W. a distance of 1539.75 feet, said section corner having coordinates of Northing: 7,269,186.91 and Easting: 910,332.94 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 01 ° 52' 44" E., along the centerline of Upland Avenue and the west line of said Section 43 at a distance of 170.25 feet pass a railroad spike found, continuing for a total distance of 204.33 feet to a "MAG" nail set for the most westerly northwest corner of these plat limits, same being the southwest corner of that certain 1.00 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2018003570 of the Official Public Records of Lubbock County, Texas; THENCE S. 880 08' 32" E., at a distance of 55.00 feet pass a UT' iron rod with a cap marked "AMD ENGINEERING" set in the east right-of-way line of Upland Avenue, herein dedicated, continuing at a distance of 55.61 feet pass a ) f2" iron rod with a green broken cap found, continuing for a total distance of 296.24 feet to a 1 /2" iron rod with a cap marked "RPLS 4460" found at the southeast comer of said 1.00 acre tract for an ell corner of these plat limits; THENCE N. 01° 48' 4T' E., along the east lines of five tracts of land, being: (1) said 1,00 acre tract, (2) Lynch Addition, Lots I -A and 1-B, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 8252, Page 220 of the Official Public Records of Lubbock County, Texas, (3) that certain 1.50 acre tract of land described in a Warranty Deed recorded in Volume 2783, Page 126 of the Real Property Records of Lubbock County, Texas, (4) that certain 0.94 acre tract of land described in a Warranty Deed recorded in Volume 4927, Page 188 of the Real Property Records of Lubbock County, Texas, and (5)C.renwelge Addition, Lot I, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 5116, Page 195 of the Real Property Records of Lubbock County, Texas, at a distance of 868,45 feet pass a U2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of 26th Street, herein dedicated, continuing for a total distance a distance of 900.45 feet to a 1/2" iron rod with a cap marked "AMD ENG" set in the north line of said Southwest Quarter (SW/4) for the northwest corner of said 4.25 acre tract and the most northerly northwest comer of these plat limits, having coordinates of Northing: 7,271,819.82 and Easting: 910,714,61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zane, whence a cotton spindle found in the centerline of said Upland Avenue at the west quarter corner of said Section 43 bears N. 88" 1 1' 07" W. a distance of 295.21 feet, said quarter section comer having coordinates of Northing: 7,271,829.1-1 and Easting: 910,419.61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S- 880 1 P 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 317.51 feet to a In" iron rod with a cap marked "AMD ENGINEERING" set for a corner of these plat limits; THENCE S. 01" 54' 23" W., at a distance of 32.00 feet pass a 1+2" iron rod with a cap marked "AMD ENG" set in the south right-of-way line of said 26th Street, continuing for a total distance of 200.00 feet to a UT' iron rod with a cap marked "AMD ENGINEERING" set for an el l corner of these plat limits; 6515 681" Slrccl, Suite 300 TBPE Reg. 4 F•9197 Office: (806) 771-5976 Lubbock. Texas 79424 1'13PFt S Reg 0101795-00 Fax: (806) 771-7625 9 AMD Engineering and Surveying THENCE S. 880 1 P 07" E. a distance of 256.23 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; THENCE N. 0 1 a 54' 23" E., at a distance of 168.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing for a total distance a distance of 200.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the north line of said Southwest Quarter (S W/4) for a corner of these plat limits; THENCE S. 880 11' 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 272.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for the northeast corner of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,271,793.04 and Easting: 911,559.72 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 010 54' 23" W., along the west plat limits of said Pine Hills Addition at a distance of 32.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing at a distance of 45,69 feet pass the south right-of-way line of 26th Street as dedicated with the plat of said Pine Hills Addition, continuing for a total distance of 1105.33 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set at an ell corner of the plat limits of said Pine Hills Addition for the southeast corner of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,270,688.59 and Easting: 911,522.96 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 880 08' 47" W., at a distance of 1085.42 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the cast right-of-way line of said Upland Avenue, continuing for a total distance of 1140.42 feet to the Point of Beginning. Bearings and coordinates are based on the Texas Coordinate System of 1983 (2011), Texas North Central Zone. The convergence angle to True North is -10 53' 35.55" and the combined scale factor is 0.99975996. 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 August 31, 2021 a Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 "Revised I/20/2022 Corrected the bearing on the 8i0 call 211574 Sec 43131k AK, Turner TracL 6515 681' Serccl, Suite 300 113?F Reg. # F-9197 Lubbock, Texas 79424 T13Pl:LS Reg. #t01785.00 2 o/-WZ,5 Office: (806) 771-5976 Far:(806)771-7625 10 Service Plan Tax Year Property Values (Taxable) * Discounted Property Values Fiscal Year Revenues Interest Earnings Assessment @ $0.18 Tota I Expenses Basin Park Maintenance Annual Operating Cost Administrative Costs Total Cash Reserve Exhibit B City of Lubbock, TX Finance Department Upland Crossing 3 Public Improvement District 2023 Preliminary Service Plan February 16, 2023 Proposed Budget Projected Totals 2023 2024 2025 2026 2027 58,165 52,349 2023-24 17, 559,328 15, 803,395 2024-25 17,910,515 16,119,463 2025-26 18, 268,725 16,441,853 2026-27 18, 634,100 16, 770, 690 2027-28 18, 634,100 16,770, 690 Totals* $ - 94 - 28,446 71 29,015 47 29,595 21 30,187 $ 139 117,338 $ 94 28,446 29,086 29,642 30,208 $ 117,477 $ - 6,000 4,000 - 6,000 9,000 15,000 6,120 9,180 15,300 6,242 9,364 15,606 6,367 9,551 $ 45,906 30,730 41,094 $ 10,000 15,000 30,300 30,906 31,524 $ 117,730 $ (9,906) 3,540 2,326 1,062 1,011 $ 1,011 Assessment Information for $100,000 Home $180 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 Upland Crossing 3 Public Improvement District 2023 Assessment Roll (Provided by LCAD 2-8-23) Property ID PartyName PartyAddress SitusAddress LegaIDescription 2023 Market 2023 Estimated 2023 Estimated Value Taxable Value Assessment R150427 BETENBOUGH HOMES LLC 6305 82ND ST LUBBOCK 79407 BLK AK SEC 43 AB 184 TR 16,059 16,059 $ 28.91 LUBBOCK, TX 79424- 13A AC: 3.8235 R32832 BETENBOUGH HOMES LLC 6305 82ND ST LUBBOCK 79407 BLK AK SEC 43 AB 184 TR 42,106 42,106 75.79 LUBBOCK, TX 79424- 1 ACS: 17.7 3681 S8,1651 58,1651 $ 104.70 15 FILED AND RECORDED OFFICIAL PUBLIC RECORDS t L- Kelly Pinion County Clerk Lubbock County TEXAS 03/09/2023 10:a AM g2023008636