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HomeMy WebLinkAboutResolution - 2023-R0390 - Interlocal Agreement, LCAD Assessments Levied, Upland Crossing 2 PID - 08/22/2023Resolution No. 2023-R0390 Item No. 6.6 August 22, 2023 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute and on behalf of the City of Lubbock, an Interlocal Agreement for the Collection of Assessmf Levied on Property Within the Upland Crossing 2 Public Improvement District, by and betw the City of Lubbock and Lubbock Central Appraisal District of Lubbock, Texas, and rel� documents. Said Agreement is attached hereto and incorporated in this resolution as if fully forth herein and shall be included in the minutes of the City Council. Passed by the City Council on August 22, 2023 APPROVED AS TO CONTENT: D. u Kost � ch, Chief � i cial Officer APPROVED AS TO PORM: elli Leis re, Senior Assistant City Attorney ccdocslRGS.tnterlocal Agreement-LCAD, Upland Crossing 2 Public Improvement District 7.28.23 Resolution No. 2023-R0390 INTERLOCAL AGREEMENT FOR THE COLLECTION OF ASSESSMENTS LEVIED ON PROPERTY WITHIN THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT This Interlocal Agreement for the Collection of Assessments Levied on Property Within the Upland Crossing 2 Public Improvement District (this "AgreemenY') is made by and between the City of Lubbock, Texas, a State of Texas Home Rule Municipal Corporation (the "City"), and the Lubbock Central Appraisal District, (the "LCAD") (each a"Party" and collectively the "Parties"), for the collection of assessments levied within the Upland Crossing 2 Public Improvement District of the City of Lubbock (the "PID") pursuant to the authority granted by, and in compliance with, the provisions of the Interlocal Cooperation Act, Chapter 791 of the Texas Government Code, and the provisions of Chapter 372 of the Texas Local Government Code (the "AcY'). RECITALS WHEREAS, on March 7, 2023 the City Council of the City (the "Council") passed Resolution 2023-R0144 according to the Act, and designated the Council as the entity responsible for the management and provision of services to the PID, with such Resolution attached to this Agreement as "Exhibit A" ; and WHEREAS, on April 25, 2023, the Council passed Ordinance 2023-00037, approving the Service Plan for the PID, with such Service Plan attached to this Agreement as"Exhibit B" ; and WHEREAS, the Council levied assessments for 2023 in accordance with the Service Plan; and WHEREAS, the Act requires that the Council annually review the Service Plan, prepare and file a proposed assessment roll with the City Secretary, schedule a public hearing and receive public comment on the proposed assessments to be levied on the property within the PID, and levy assessments according to the Service Plan; and WHEREAS, the Council desires to enter into a contract with LCAD to provide all the services necessary for the collection of assessments levied by the Council against the property within the PID and to deposit such assessments with the City for the benefit of the PID; and WHEREAS, LCAD is able and willing to perform said assessment collection services and desires to enter into a contract with the City for the collection of assessments levied on property within the PID; and NOW TI3EREFORE, the Parties agree as follows: AGREEMENT ARTICLE I: RECITALS AND EXHIBITS MADE A PART OF AGREEMENT The representations, covenants, and recitations set forth in the foregoing Recitals are material to this Agreement and are hereby incorporated into and made a part of this Agreement as though they were fully set forth in this Article I. "Exhibits A and B" attached hereto are incorporated into this Agreement as if fully set forth herein. City of Lubbock & Lub6ock Central Appraisal District — Upland Crossing 2 PID Assessment Collection Agreement Page 4 ARTICLE II: RESPONSIBILITIES OF LCAD (a) LCAD, acting by and through its duly authorized officers, does hereby agree to perform all calculation and collection services on behalf of the PID pursuant to the Act and City Ordinance 2023-00037, and to forward said funds to the City for deposit into a fund designated for assessments levied on property within the PID (the "PID Fund"). (b) LCAD agrees to identify the properties within the PID liable for assessment and to calculate the assessment due to the PID based on the City's 2023 net taxable value as determined by LCAD for each property designated to be assessed under Ordinance 2023-00037. (c) LCAD will send assessment bills to each affected property owner within the PID prior to November 15, with such assessment bills due the following January 31. On or before March 1 of each year, and again prior to May 1, LCAD will calculate the amount of assessments collected from property owners within the PID, and such amount shall be forwarded to the City for deposit into the PID Fund. ARTICLE III: RESPONSIBILITIES OF THE CITY (a) The City shall provide to LCAD the following documents: a certified copy of Ordinance 2023- 00037; a list of the properties within the PID, identified by legal description and appraisal district account number, designated for assessment under current and future assessment ordinances; and, the name and phone number of a designated City official to be included on the annual assessment bill for the purpose of answering questions concerning the assessment contemplated under this Agreement. (b) The PID, acting by and through its Board of Directors and the Council, does hereby agree to pay to LCAD as compensation for services rendered pursuant to this Agreement, for all parcels within the PID, an amount equal to the cost per parcel for all other cities and independent school districts as calculated in the AGREEMENT FOR ASSESSMENT AND COLLECTION OF TAXES between the City and LCAD or one quarter ('/) of one percent (1 %) of the annual collection budget of LCAD, whichever is greater. (c) The compensation considered in Article III (b) shall be deducted by LCAD from the total annual PID assessment collected prior to the collected funds being forwarded to the City for deposit. Such deduction in the total annual amount of annual collected assessment shall include a notation of the amount deducted and all relative documentation. ARTICLE IV: COLLECTION OF DELINQUENT ASSESSMENTS LCAD may contract with any competent attorney to assist in the collection of delinquent assessments on behalf of the City acting for the PID. The attorney's compensation shall be set in the contract, but the total amount of compensation provided to the attorney may not exceed the amount authorized in Section 6.03 of the Texas Property Tax Code. Said compensation shall be a deduction in the total annual amount of annual collected assessment and shall include a notation City of Lubbock & Lubbock Central Appraisal District — Upland Crossing 2 PID Assessment Collection Agreement Page 5 of the amount deducted and all relative documentation. ARTICLE V: TERM The term of this Agreement shall be for a period of one (1) year, from the date of execution of this Agreement (the "Term"). The Term may be extended through a writing signed by the Parties that incorporates identical provisions laid out in this Agreement (an "Extension"). ARTICLE VI: TERMINATION (a) This Agreement shall not be terminated for convenience by either Party during the Term or any Extension. (b) Upon the breach of any of the provisions contained in this Agreement, the non-breaching Party may ternunate this Agreement after giving sixty (60) days written notice to the breaching Party. (c) In the event of early termination provided for in section (b) of this Article, LCAD shall immediately forward to the City any and all funds collected before termination in accordance with Articles II and IV of this agreement. ARTICLE VII: NOTICE Whenever notice of any kind is authorized or required to be made under this Agreement, such notice shall be given by United States registered or certified mail, postage prepaid, return receipt requested and addressed to the Parties as set out below, or to such other address as may hereafter be designated: UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT LUBBOCK CENTRAL APPRAISAL DISTRICf CITY OF LUBBOCK CHIEF APPRAISER� LCAD P.O. Box 2000 P.O. Box 10542 1314 AvErtUE K 2109 AvE Q LUBSOCx, TExAs 79457 Li7BsoCK, TExAs 79408 ARTICLE VIII: AMENDMENTS This Agreement constitutes and expresses the entire arrangement between the Parties and shall not be amended or modified except by written instruments signed by both Parties. SIGNATURES IN WITNESS WHEREOF, the Parties hereby execute this Agreement by their duly authorized representatives on August 22 , 2023. City of Lubbock & Lubbock Central Appraisal District — Upland Crossing 2 PID Assessment Collection Agreement Page 6 FOR LCAD: Greg Jones, Chai n, rd of Directors FOR LCAD: . �.�-_� Bob y McQueen, Secretary, Board of Directors FOR CITY: Tray Payne, Mayo ATTEST: AS TO CONTENT: j D. B u Kosteli , Chief Financia Officer AS TO FORM: � Kelli Leisure, Assistant City Attorney City of Lubbock & Lubbock Central Appraisal District — Upland Crossing 2 PID Assessment Collection Agreement Page 7 Exhibit A— Resolution Creatin� the Upland Crossing 2 Public Improvement District City of Lubbock & Lubbock Central Appraisal District — Upland Crossing 2 PID Assessment Collection Agreement Page 8 Resolution No. 2023-R0144 EXHIBIT A Ttem 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 azea 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 1", was examined, verified, found to meet the requirements of Section 372.005(b) of the Texas Local Government Code, and accepted by the City Council; and WHEREAS, the Petition covers property within an area generally bounded by 34�' 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 UpIand 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�') 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 (15�') 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 (7`�') 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 heazd public comment from interested persons speaking in favor or opposition to the proposed public improvement district and the Council heazd 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 appeaz 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 aze hereby found and declazed to be true and conect. SECTION 2: THAT after conducting a public hearing, examining evidence, and hearing testimony, the City Council finds and determines the following: (a) 1'hat 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, spiash pads, pool(s), receptacles and any similar items located there in along with all necessary grading, drainage, and similaz infrastructure involved in the construction of such parks and greens; landscaping, hazdscaping 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 azea 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 day of Mazch , 2023. A EST: Courtney Paz, Interim City Secre APPROVED AS TO CO ENT: . Brianna Brown, Director of Business Development APPROVED AS TO FORM: . � elli Leisure, Senior Assistant City Attorney Ccdocs:/Npland Crossing 2 P1D Creation Resolution 2.20.23 � � � . � BETENBOUGH HOMES� February 3, 2023 Brianna Brown Business Development Director City of Lubbock 1314 Avenue K tubbock, TX 79401 RE: Upland Crossing, Public Improvement Qistrict 2 Oear 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 a�e proposing to create a Public Improvement Oistrict, "PID", to maintain the public improvements for Upland Crossing 2 PID. In o�der to comply with the "Public Improvements District Policies and Guidelines", we are providing info�mation as required in Section lil. "Guidelines", b. "Petition Requirements": 1. Betenbough Homes has purchased/optioned almost 34.294 acres. Betenbough Homes plans to invest $25a,000 in improvements for this park system before it would be deeded over to the City of Lubbock and the PID. We will be here to help keep the PID healthy and thriving. We have vested interest in making this PID healthy and self-sufficient. 2. This requirement is addressed in Section 5 of the accompanying Petitian. 3. This requirement is addressed in Section 1 of the accompanying Petition. 4. This requirement is addressed in Sectfon 5 of the accompanying Petition. 5. If there is sufficient support to petitian to dissolve the Public Impr�vement District certain requirements in addition to sufficient suppo�t must be met in order to dissolve the PID. Those requirements include arrangements to transfer ownership and maintenance of the City owned and PID maintained property. These arrangements are to be made by the City Manager or designee with funds available to the PID. Betenbough Homes will have been responsible for some maintenance before the park system would be deeded over. With having supported some maintenance, we feel we will have an accurate representation of cost to propose for the service plan. So far, all of our proposed service plans, are reviewed by city staff, and approved by City Council. 6. This requirement has been met by the map of the area that is attached to this Petition. 4 �.N � 5 BETENBOUGH HOMES$ 7. Operation of the PID process shall be cansiste�t 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 requi�ement is generally addressed in Section 2 of the petiti�n. 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 identi�ed as a"TracY' 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 const�ucted 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 sflon as the funds are available. This is the estimated cast for the entirety of the "park system". 12. Addressing this requirement we have provided a service and assessment plan that is attached as part ofthis 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, Dacumentation of liability i�surance will be provided as requested by the City of Lubbock. 15. This requirement is add�essed 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. Piease let us know if you have any questions or require any additional information. X Chris Berry land Development Manager 8etenbough Homes PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FIN,ANCE IMPROVEMENTS TO UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT THE STATE OF TEXAS § § CTTY OF LUBBOCK § TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CTTY 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 cornpliance with the requirements of Texas Local Government Code, 5ection 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°l0 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 SQ% 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 impmvements 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 �nattcing 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) thc 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 cesuit will be that equal shates 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 pazcel paying its fair share of the costs of maintaining the public improvements based on the special bene�ts 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. Ap�ortionment 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 wiIl 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 Carporation 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 wilI 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] -2- PETITIONERS: $etenbough Homes LLC Ch erry, Land Planning Manager THE STATE OF TEXAS § § COUNTY OF LUBBOCK § On this, the day o , 2U23, before me, the undersigned Notary Pubiic, personally appeared Paddi Moya w o acknowledged that he is Connections Specialist �f 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 WTTNESS WHEREOF, I have hereun�6 s�t my hand and off'icial seal. PATRICIA M. MOYA �Noiery Pu�ic, State d Texas 1►ty �Con�� � �11-�2028 ot b i ��� 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.�. 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 Couaty, Texas, said 34.294 acre tract being further described by metes and bounds as follows: BEGINNING at a 1/2" iron rod with cap mazked "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 Fasting: 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. O1 ° 51' 40" E. a distance of 40.00 feet and S, 88° 10' S0" 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. O1° 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 Recards 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° 1p' SU" E., along the south line of said tract described in Volume 6287, Page 250, a distance of U.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. O1° 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 Nurnber 241401246fi of the Official Public Records of Lubbock County, Texas, for the southeast corner of this tract; A-I THENCE N. 70° 17' S0" 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 1686.44 feet to a S/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. O1 ° SS' 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' S0" 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 BIIcAK, S1. 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R�t 'P[��Fi Li Ei ��� � • ; ' t �� i i�'�i ryi Gi�I� �E`i��3 i�;; :�� ��'4 ;_`�i Y ����t. i�� d� f� a t �� � � ��F ;��t��;i�� :��'�} � � �� F ��1�'��� �'s �S: � ;'�`! �Ifiri�s�t i�Y���J �i�� ���� �f�t���1 Iti =:7 �' � s �. � �wr. �, � , : �; , ,# . ,�, ; ,4 i ,,�� + .h.�CJ { ���,�� ;. ��;� �4� I:;,v M '#i �} . �' � � a�� � � t ��� �: 1 � a1� o '� `_. i � a � o . , . = i �' ; 3 � � �� � i �� i ' �: . i.=� �f � "'�►' ; � ; �, Y I:[. I A��:� 7.�15'C M (I � � � �� �M I 1 ! � I '1 . ! � , �FaeaaoY'S .-....._J..__�.""""`�'""""_"_.__..."______......._`.._.._...�.._�,..�_-.._._.._.�.�..____.�.-.... �� _. /' _,.._-� � , . r 4tI , �EI t j� � � �� a3 � •� �' � � r � � � � U�� 0. � � � i $�` �� 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 {NEJ4) 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 Ofiicial Public Records of Lubbock County, Texas, saici 34.294 acre tract being further described by metes and bounds as follows: BEGINNING at a 1/2" iron rod with cap mazked "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 spikc found at the northeast corner of said Section 39 bears N. O1° 51' 40" E. a distance of 40.� feet and S. 88° 10' S0" 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. OI° S1' 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' S0" 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. O1° S1' 40" W. a distance of 270.08 feet to a 1" iron pipe found at the southwest corter 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- I THENCE N. 70° 17' S0" 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. O1 ° 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 IVumber 2013044872 for the northwest corner of this tract; THENCE S. 88° 10' S0" E. a distance of 1604.24 feet to the Point of Beginning. Beazings are relative to the Texas Coordinate System of 1983 (2011), Texas North Central Zone. Distances are at surface, in U.S. survey feet. I, Nonis 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 BIrAK, SI. Clwr A-2 Upland Crossing 2 Public Improvement District y � � �� t , �� - �- �_..� f- T.�� Il � �� .. 1 � � L :� 1 i1:17 S'I' N � � � ^; i � R: ,,.- � 0 Upland Crossing 2 PID Parcels Lot-Block Lines 0 125 250 r►� c�Ty or 50o Lubbock � Feet T�xas •. �.a.`w bu.q.. m�. o».r.�� ow n.a�. ww. mwm..�w u. wr w.�� r riwe�..u«r o��.. w�..r w� �... w.. se..��a..w�.�wM�M�a�.��w���r��wM.... ■ ror.mm.wur. r�+w. a r�.o«�r sww.n« 1/12/2023 Upland Crossing 2 Pu bl ic I m provement District 2023 SERVICE AND ASSESSMENT PLAN FEBRUARY 16, 2023 City Of OC TEXAS 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 Section V: 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- AssessmentRoll .............................................................................................................................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 c�eated 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 I.B 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 A 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 I.A 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 Exhibit A 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 111 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 4 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 5th 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 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 Tax Year PropertyValues (Taxable) • Discounted PropertyValues Fiscal Year Revenues Interest Earnings Assessment @ $0.12 Total Expenses Basin Park Maintenance Annual Operating Cost Administretive Costs Total Cash Reserve AssessmeM Informatlon for $100,000 Home Proposed 2,911,768 16,095,003 38,291,903 39,057,741 39,838,896 2,620,591 14,485,503 34,462,713 35,151,967 35,855,007 2023-24 2024-25 2025-26 2026-27 2027-28 $ - - 24 193 $ 3.145 17.383 41.355 42.182 43.026 $ 15,000 15,300 15,606 $ 6,000 6,000 6,120 6,242 6,367 9 000 9 000 9 180 9 364 9 551 15 000 15 �0 30 300 30 906 31 524 11 855 9 473 1 583 12 883 13 278 $ $120 Totals 39,838,896 35,855,007 Totals' 217 147,091 147,308 a5,906 30,730 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. � 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 Upland Crossing 2 Public Improvement District � , � V L ' � �� 1 �1 '�r � I I _' �. � � _ ; _ ,: � �, ; �a �OYf T "i47:1.1 S11' N � � � � i .•� � � � Upland Crossing 2 PID Parcels Lot-Block Lines 0 125 250 8 �►r c�ty of 50o Lubbock � Feet TEllAf •...a`« b uw mi. w«r� o.0 r��. wa mwm.«+ w1.. wr w.�� a a.iNe�..u.�r wm.....a.a+a w.. s... �1..aw•rru.i..MK«wM«ra>••�M�aw�ww • iwliprwnl ri anaMqwVM wrwy rC rprrwN eNy M .rv..rw. �x.w• rew.� a w.nro s...a.n.. 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 laad 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. O1° 51' 40" E. a distance of 40.00 feet and S. 88° 10' 50" E. a distance of 360.29 fe�t, 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. O1 ° 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 200504 1 1 1 9, 20Q8003296, 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' S0" E., along the south line of said tract described in Volume 6287, Page 250, a distance af 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. O1° 51' 40" W. a distat�ce of 270.08 feet to a 1" iron pipe found at the southwest comer 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- t 9 Exhibit A THENCE N. 70° 17' S0" 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 I}eed recorded in Caunty 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. Ol° 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' S0" E. a distance of 16(}4.24 feet to the Point of Beginning. Beazings 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 BIkAK, SI. Clau A-2 10 � Y m � � O � � L J X � W 0 � u � •L M N � �+ C W E a, 0 fl. � Y � � a N 00 c .� N O � u -o c � a � +� c d � �o a d O d u C f0 ii C f0 a d V M '2 N � O N N � � �r C �p �G L _ � •N N a` " M N O N c IE a ai .� H A � N � � N d i a, � � c � c u° Y � � � � m v�f � c U 0 �a oC �@1 � � �� �p � V L 4+ y Y � (0 f0 C y a � Y Q� W G1 N Q � � � y N � � a "' o. ° �� w io a�i c � ;c u u y in �• a '�'n c E a O LL � Q F W tD Q Q L to > X H Z a, N � L U 0 N .� � a, E 0 x 0 0 0 0 0 � � L w C 0 A E w c c W £ N Ny Q � � Attachment i 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 J Chapter 372, Local Government Code, or Chapter 3J 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; (S) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; (6) from one co-owner to another co-owner of an undivided interest in the real property; (7) to a spouse or a person in the lineal line of consanguinity of the seller; (8) to or from a governmental entity; or (9) of only a mineral interest, leasehold interest, or security interest. (d) For the purposes of this section, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring notice. 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. 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x x x x x x x x x x x x x x x x 0 � � c� c� � c� t� c� � t� c� � � � � � > > > > > > > > > > > > > > > > 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m m m m m m m m m m m m m m m m z z z z z z z z z z z z z z z z W W W W W W W W W W W W W W W W 1- 1- F- i- F- F H � �-- F F H �-- F F- F�- W W W W W W W W W W W W W W W m m m m m m m m m m m m m m m m 0 O 00 N a .-i M O N 00 M O t0 M O 01 � 01 M 1� I� 00 � tD �O 1� N M t0 1� 00 e-I M d l0 l0 l0 l0 l0 l0 lD l0 l0 l0 lD l0 t0 l0 l0 l0 v v v v v v v v a a v v a v v v � m m m m m m m m m m m m m m m m d oc z o[ z o� � oc oc oc oc s oc oc oc z z m N 00 m a � « c d V � L' _ O rp � � y X � O W p u � C V � U .` N � C 4J � > 0 a E 7 a N C •N 0 u � C � c � 0 ac .. c a, � N d N Q M N N y O O O O O O O O O O O O t0 O O O « « O O O O O O O O O O O O N O O O � C N N N N N N N N N N N N l0 N N N £� v v v v v v v v v v v v r+ v v a W N W M N O Q N O O O O O O O O O O O O O O O O � O O O O O O O O O O O O Vl O O O �= O O O O O O O O O O O O �/1 O O O � Ul V1 V1 u1 �!7 u1 v1 u'1 V1 V1 u1 u1 fri v1 ul V1 E; M M M M M M M M M M M M .�-I M M M N � W � M X O � N ~ M O O O O O O O O O O O O O O O O O O O O O O O O O O O O �!1 O O O L O O O O O O O O O O O O ul O O O � W ul u1 ul u1 U1 U1 U1' U1 VI ul �!1 �A fvf �J1' V1 VI c 3 M M M M M M M M M M M M .�-I M M M L � N � O N � �/1 I� N Vl N Ol l0 M 00 �!1 N 00 l0 � .-i 1� I� 01 N a V1 1� O1 a �!1 t0 01 Z � �O 1� 01 O1 01 O1 Q1 01 01 Ol 01 01 O1 G1 � 01 O1 01 ` J J J J J J J J J J J J �- J J J N � � � � � i7 i7 � � i7 � � � � � � Q 2 Z Z Z Z Z Z Z Z Z Z Z 2 Z Z Z � N V1 V1 V1 V1 V1 Vf V1 V1 V1 Vf 1n V1 Vf V1 V1 N V1 N V1 V1 V1 N Vf V1 N V1 N Vf 1n V1 V1 � � � 0 � � 0 0 � 0 � 0 � 0 � � J OC OC OC d' d' GC OC CC OC K OC K K K OC � C) U lJ U V V V V V tJ CJ CJ CJ V V lJ NO O O � � � 0 � 0 O O O O 0 � � � Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z � g g g g g 5 g g g g g g g g g g N a a a a d a a a a a a a a a a a � > > > > > > > > > > > > > > > > 0 0 Y Y Y Y Y Y Y Y Y Y' Y V C1 U U u v V lJ CJ U V u'"i O O O O O O O O O O O J OI m m m � W� m m [O W n � m m m W� [D m � m m m o> o m m m >� o m m m > o m m � a > > > � � a � > > > a � W � > > > a � > > � Q J J J d^ Q^ J J J Q^ Q^ J J J a^ J J y 1= F= f- a X V F F F U 1- 1= F= U X F H � tn v� u1 Z 1- Z� vf �n vf Z� F� tn vf vf Z� uf v1 '� N 2^ S^ 2^ m Y � Y =^ _^ _� J Y Z Y = I� = 1� = I� J Y = 1� = I� F F H � F F F F H � H � Q lll � l!1 � lO � � U Q U lA 0 lA � lO � Q U W V lll � lO � �� Q U l/1 � lA 0 a a.m-�r°'. nn nmin �-+m u�im rm.im m� m� a�om .�-�m omom m� �n vm Nn rnn N .�-I X M X .�-I fd O m .1 X �i M O m O m .�-� N O O m N X N I� F I� ~ I� F c�1 J M J I� F- 1� � 1� � M J M J I� � I� H I� F- M J I� F- 1� F � � � � � � � � N � � ti � � ti ti N 00 00 00 00 OO OO OO OO OO OO 00 00 00 OO OO 00 N lO lO lO lO lO lO lO tO lO lO tO lO lO lO lO lO ` M M M M M M M M M M M M M M M M v v v v v v v v v v v v v v v v v a N N N N N N N N N N N N N N N N a v v v v v v v a v a v v v v a rn m rn rn rn m m m m m rn m rn m m rn n n n n t� n n n n n n n n n n n e F- F- F F F F- F- F- i- H H F- F F F- H N F V1 x N� V1 F Vf � Vf F V1 � Vf F V1 F N� V1 � N�C N x 1n F V1 F V1 X �0 0 � � 0 � � � O O � � �� � � � 0 0 �- 2 Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y N U N U N U N U N U N U N U N U N U N U N U N U ry V N U N U N U 00 0 00 Q W 0 00 0 W � W Q 00 0 00 � 00 � 00 � W Q W � 00 � W 0 W � 00 � � m � m � m � m � m � m N m � m N m N m � m � m � m � m � m � m O m O m O m O m O m O m O m O m O m O m O m O m O m O m O m O m m� m� m� cn � m� m� m� m� m� m� cn � m� m� m� m� m� lO J 1O J 1O J 1O J lO J tD J lO J lO J lO J lO J lO J 1O J � J lO J lO J lO J U U U U U V lJ U V U V U U U lJ V J J J J J J J J J J J J J J J J d J J J J J J J J J J J J J J J J � V1 V1 V1 Vf Vf Vf Vf 1n V1 V1 N N N Vf V1 V1 Wc Wc WC Wc Wc Wc Wc Wc Wc Wc Wc W¢ Wc Wc Wc Wc Z L G L C G G L G G C L G G C L G V 0 � 0 0 0 0 � Q � � � � � � 0 0 � i i i i x x x x x = = i i x x = 3 x x x x x x x x x x x x x x x x a c� � � � c� t� � � � t� c� c� � � c� t� > > > > > > > 7 > > > > > > > > O O O O O O O O O O O O O O O O m m m m m m m m m m m m m m m m Z Z Z Z z z z z z z Z Z Z z z z W W W W W W W W W W W W W W W W � i- i- � � i-- F- � � � �' f � � F- � W W W W W W W W W W W W W W W W m m m m m m m m m m m m m m m m � 00 O 1!1 00 v1 N T �O .ti 00 u'1 .-� 00 01 f� � �o n oo .-� m in �n ao v a �n m m m �n �n y N N N N N N N N N N N N N N N N l0 l0 l0 l0 l0 t0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 v a v a v v v v v v v v a v v �r � m m m m m m m m m m m m m m m m 6 aC oC K K K oC aC OC � oC K � K oC � aC � N � m a �` ` d V � � _ O �p � � d X � � W p v � C tJ � Y .` N � C Q! � � O a E u � 3 a N C �N O �J � C 10 a � �° .. c a, E N Q M O N � o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Y Y o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 � C N N N N N N N N N N N N N N N N E� v a a v v v v v v v v v v v v v W � W M N O Q N O O O O O O O O O O O O O O O O y O O O O O O O O O O O O O O O O M � O O O O O O O O O O O O O O O O � V1 u1 u1 ul VI u1 u1 u1 V1 ul' u1 v1 v1 u1 ul vl �; m m M M m m M M M M M M M M M M � d W d M X O � N ~ y O O O O O O O O O O O O O O O O y O O O O O O O O O O O O O O O O ,� O O O O O O O O O O O O O O O O � W u1 V1 V1 V1 V1 u1 U1 V1 ul V1 l!1 u'1 U1 V1 V1 V1 �� m m m m m m m m m m m m m m m m � N � O N O C1 V1 l0 C1 lD C1 O O 01 M a 00 N 01 M I� �,, ao m m v oo rn o o �o ao 0o N M M lA lA m m m rn m rn .1 � m rn rn m rn rn m rn � J J J J J J J J J J J J J J J J y� � ::� ::� � ::% � � � � :� � � i7 i7 � � O Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z V1 tn V1 V1 N VI N V1 N V1 N V1 Vf V1 V1 N jp N N V1 V1 V1 Vf V1 V1 VI 1n V1 N N V1 V1 V1 0 0 � 0 � � 0 � 0 0 � � 0 � 0 0 J OC K OC � OC a' OC OC C C OC OC K OC OC C V V V V V V (J V V V CJ U V V V V N� 0 0 � � � � � � 0 0 O � 0 0 � � Z Z Z Z Z Z Z Z Z Z Z Z Z Z 2 Z � g 5 g g g g g g g g g g g g g 5 N a a a a a n. a a a a a a a a a a C > > > > > > > > 7 > > > > � > > 0 � u u u u c'�.� V V c'�.� g� m s s>s m m m m m m m s s;s s s � � � J � J � Q � � � � � � � � J � J � Q � W � W � Q J d^ �, ^ a^ J J J J J J J d^ a^ a^ �^ �^ � V) Z � Z � Z r N !~/1 1~/1 l~/1 V~) V~1 l~/1 Z � Z � Z F F � F � �� � � n m Y m Y J Y � n F n F n F n F n F n F n m Y m Y J Y Z Y Z Y o p �c O� oc u � u a u �c � �c o �p �,p o „� o �p o ,p o oc V ac U a u w u w u a d m� � O � O > O m� m� m� m� m� m� m� � O � O > O > O > O m N m p m O 1� .-i I� 01 1� M I� M I� � I� l0 I� tA m � m �-1 [L ll1 m �--1 m N^ � m �I GO .1 C� N N .-� .� x M X H X .-� x O OC O GO .�-� m O l� O OD I� H M J M J M J I� � 1� � I� F I� F 1� F 1� F I� ~ M J M J fY1 J M J M J .� ', � .� ', � ., .� c, ', .-� ,� .� ', ', .� N OO OO OO OO OO OO OO OO OO OO OO OO 00 00 OO OO N lO lO lO lO lO lO lO lO lO lO lO lD lO lO lO lO ` M M M M M M M M M M M M M M M M �o v v v v v v a v v v v v v v v v Q N N N N N N N N N N N N N N N N v a v v v v v a v a a a v v v v rn rn rn rn m rn rn m rn rn m m rn rn m m r� n � � n n n n r� n n n n � n n C V~1 X V~1 X V~1 x N X y~j X N X V~1 X V~1 X N X N X 1~/1 �C N X {~ x y~j X i~/1 X y~j r0 �~ �� �~ p~ p~ p~ p~ p~ p~ p~ p~ p~ p~ p� p~ p� � 2 Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y Z Y' Z Y Z Y' Z Y Z Y N U N U N U N U N U N U N U N U N U N U N U N U N U N U N U N U W 0 W 0 W 0 00 0 W � W � 00 0 00 Q 00 0 00 � 00 � W Q W 0 W Q 00 Q 00 Q � m � m � m � m � m � m N m � m N m � m � m � m � m � m � m � m O m O m O m O m O m O m O m O m O m Q m p m Q m Q m Q m Q m Q m m� m� m� m� m� m� m� m� m� m� m� m� m� m� m� m� lD J lD J lD J lD J l0 J l0 J lD J l0 J l0 J �O J l0 J l0 J t0 J tp J l0 J l0 J l.l :J (.1 CJ V V C1 C.1 V V CJ C.1 l.l lJ (J CJ J J J J J J J J J J J J J J J J � J J J J J J J J J J J J J J J J � V1 N V1 Vf V1 VI V1 V1 V1 VI V1 V1 V1 N V1 N WC WC Wc Wc Wc Wc Wc Wc Wc Wc Wc Wc Wc Wc WC Wc Z G L G G L G C G G L G C G C G G V � 0 � � 0 � � � � � � 0 � � 0 0 � x i x x x x = = x x = S i i x = 3 x x x x x x x x x x x x x x x x o � t� c� c� t� c� c� c� c� t� c� c� t� � c� c� > > > > > > > 7 > > > > > > > > O O O O O O O O O O O O O O O O m m m m m m m m m m m m m m m m z Z z z z z z z z z z z Z Z Z z W W W W W W W W W W W W W W W W H F H H F H H H H H H H F F F H W W W W W W W W W W W W W W W W m m m m m m m m m m m m m m m m � N 00 01 N 01 N M l0 N l0 f� rl 1!1 N l0 O 00 N N � 1� O1 Ol Ol l0 1� 1� N N M � lA y N N N N N N N N N N N N N N N N l0 l0 l0 lG l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 l0 lC v v v a v v v v a a v v v a v a � m m m m m m m m m m m m m m m m a � � oc oc oc z a ac a a z z ac oc oc � � v on f0 a � Y V u +, O a � :c � X J W � .Tr 'u Y 'i �+ � C 4! � > O a � u � 3 a N C .N O u 'a c m a � C d � � ro a d C W u C 10 ii � O O O O G1 � W V V � V M' � £ W d M N O Q N y� O O O O 00 M� O O O O 1� � � m m m m � Wd N d M X O � N W � O O O O n � � m m m m � m N � N O N � W 0�1 t�0 O�i � 01 01 01 01 � J J J J W Z Z Z Z 0 � N N N � 0 0 � 0 � U U U l�.l N � � � O � g g g g N a a a a C > > > > O Q U U U V � d m m m m � m m m m � Q J J J J � V~1 N V~1 t~/1 QI > d� � � � F � F � � � m � m � m '� m �► a d N n n n v �.-� n n r �� �� � r .� ', ', ', N lO lO lO lO ` M M M M Q a d V V n n n n C N X N X N� t~/f X � � ~ � ~ � � ~ N U N U N U N U � O � O � O � O o m o m o m o m l0 J l0 J l0 J 1p J J J J J � J J J J � V1 N N V1 � � � � � ? 0 � � Q � 2 2 2 i ; x x x x � > > j � m m m m z z z z � � � � m m m m c � � � � � � � � � � m m m m d � z � � O�C a+ C d E � Q M O N �O a, � m a Exhibit B— Ordinance Adopting the Upland Crossin� Public Imurovement District Service Plan City of Lubbock & Lubbock Central Appraisal District — Upland Crossing 2 PID Assessment Collection Agreement Page 9 First Reading EXHIBIT B Second Reading April 11, 2023 April 25, 2023 Item No. 7.2 Item No. 6.5 ORDINANCE NO. 2023-00037 AN ORDINANCE ADOPTING A SERVICE PLAN FOR THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT, WITH SUCH SERVICE PLAN INCLUDING AN ASSESSMENT PLAN FOR SAID PUBLIC IMPROVEMENT DISTRICT; ESTABLISHING REASONABLE CLASSIFICATIONS AND FORMULAS FOR THE APPORTIONMENT OF THE COST BETWEEN THE CITY OF LUBBOCK, TEXAS� AND THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT, AND THE� METHODS OF ASSESSING SPECIAL BENEFITS FOR VARIOUS CLASSES OF IMPROVEMENTS OF PROPERTY WITHIN THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT; APPROVING, ADOPTING, AND FILING WITH THE CITY SECRETARY OF THE CITY OF LUBBOCK, TEXAS AN ASSESSMENT ROLL FOR THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT; AND, LEVYING THE ASSESSMENT FOR THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT AS A SPECIAL ASSESSMENT, SPECIFYING THE METHOD OF PAYMENT OF THE ASSESSMENT, AND FIXING CHARGES AND LIENS AGAINST THE PROPERTY IN THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT AND AGAINST THE OWNERS OF PROPERTY WITHIN THE UPLAND CROSSING 2 PUBLIC IMPROVEMENT DISTRICT. WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") provides the process by which the City of Lubbock, Texas (the "City") may create a public improvement district; and WHEREAS, through Resolution No. 2023-R0144 the City Council of the City (the "Council") authorized the Upland Crossing 2 Public Improvement District (the "PID"); established the boundaries of the PID; approved the estimated costs, method of assessment, and apportionment of costs for the PID; and created the governing boazd for the PID; and WHEREAS, through Resolution No. 2023-R0146, the Council directed City staff to: (1) Prepaze a Service Plan for the PID according to the Act with such Service Plan covering a period of at least five (5) yeazs, defining the annual indebtedness of the PID, projecting the costs for improvements in the PID, and including an assessment plan for the PID; (2) Prepaze an assessment roll for the PID that states the assessment against each parcel of land in the PID, with such proposed assessment roll to be filed with the municipal secretary and being made available for public inspection; and (3) Send and publish notice of a public hearing according to the Act concerning the Service Plan; and WHEREAS, City staff has prepazed a Service Plan for the PID according to the Act, prepared an assessment roll for the PID, and has sent and published notice of a public hearing to be held at two in the afternoon (2:00 PIvn, Tuesday, April 11, 2023, at Citizen's Tower, located at 1314 Avenue K, Lubbock, Texas, to consider the proposed apportionment and assessment for the PID; and WHEREAS, at the adjoumment of the public hearing the Council desires to hear and pass on any objections to the proposed assessment for the PID and, through this Ordinance, to establish reasonable classifications and formulas for the apportionment of the costs for the services and improvements of the PID between the City and the PID, to approve, adopt, and file with the City Secretary the Service Plan for the PID that includes an assessment plan and assessment roll for the PID, and to levy an assessment as a special assessment on the property within the PID; and NOW, THEREFORE; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT the facts and recitations contained in the preamble of this ordinance aze hereby found and declared to be true and correct. SECTION 2: THAT the Council has reviewed the Service Plan for the PID, which is attached to this Ordinance as "Exhibit 1", and finds that it: covers a period of at least five (5) years; defines the annual indebtedness of the PID; estimates the costs for improvements in the PID; and, includes an assessment plan for the PID. SECTION 3: THAT the Council hereby finds that the assessment rate provided in the Service Plan for the PID is feasible and sound and will serve the needs and desires of the property owners within the PID, and the Council hereby adopts the assessment rate of twelve cents ($0.12) per one hundred dollazs ($100) of net taxable value for tax year 2023, as determined by the Lubbock Central Appraisal District, of the property or improvements to the property located in the PID. SECTION 4: THAT the Council finds that the assessment plan included in the Service Plan for the PID provides for the apportionment of the cost of improvements to be assessed against the property within the PID on the basis of special benefits accruing to the property within the PID because of the improvements, and the Council hereby establishes the reasonable classifications and formulas for the apportionment of the costs between the City and the PID and the methods of assessment of the special benefits for the various classes of improvements within the PID as such classifications, formulas, and methods are provided for in the assessment plan. SECTION 5: THAT the Council hereby approves, adopts, and files with the City Secretary the assessment roll that is attached to this Ordinance as "Exhibit 2", with such assessment roll stating an estimate of the assessment to be levied against the property within the PID, and with the City Secretary filing the assessment roll in the official records of the City and being subject to public inspection. SECTION 6: THAT the Council finds that the assessments should be made and levied against the property within the PID and against the owners thereof, and that such assessments aze in proportion to the benefits to the property by means of the services and improvements in the PID for which such assessments are levied, and fi,u�ther finds that in each case the property assessed is specially benefited by means of the said services and improvements of the District, and further finds that the apportionment of costs of the services and improvements is in accordance with the Act. SECTION 7: THAT there is hereby levied and assessed against the pazcels of property within the PID, and against the real and true owners thereof, whether such owners be correctly named or not, the sums of money calculated by applying the assessment rate to in the manner described in the assessment plan and assessment roll. SECTION 8: THAT the several sums above mentioned and assessed against the said parcels of property and the owners thereof, and interest thereon at the rate per annum established herein, together with reasonable attorney's fees and costs of collection, if incurred, aze hereby declazed to be and aze made a first and prior lien against the property assessed, superior to all other liens and claims except liens and claims for ad valorem taxes and is a personal liability of and chazge against the owners of the property regardless of whether the owners aze named; and, with such � lien being attached on January 1 of each year to the property to secure the payment of all assessments, penalties, and interest ultimately imposed for the yeaz on the property, whether or ; not the assessments are imposed in the year the lien attaches and shall be effective until the i assessment is paid; and, with such lien being perfected on attachment requiring no further action � by the Council. SECTION 9: THAT the assessments levied herein shall be due and payable in full on receipt of the assessment bill and are delinquent if not paid by January 31, 2024 except as provided in Sections 31.02(b), 31.03, and 31.04 of the Texas Property Tax Code. A delinquent assessment incurs a penalty of six percent (6%) of the amount of the assessment for the first (ls`) calendar month it is delinquent plus one percent (1 %) for each additional month or portion of a month the assessment remains unpaid prior to July 1 of the yeaz in which it becomes delinquent. However, an assessment delinquent on July 1 incurs a total penalty of twelve percent (12%) of the amount of the delinquent assessment without regazd to the number of months the assessment has been delinquent. A delinquent assessment continues to incur the penalty provided by this Section as long as the assessment remains unpaid, regardless of whether a judgment for the delinquent assessment has been rendered. That if default be made in the payment of any of the said sums hereby assessed against said property owners and their property, collection thereof, including costs and attorney's fees, shall be enforced by the governing body in the same manner that an ad valorem tax lien against real property may be enforced by the governing body under Chapters 31, 32 and 33 of the Texas Property Tax Code. The owner of the assessed property may pay at any time the entire assessment on any lot or pazcel, along with any interest and penalty that has accrued on the assessment. SECTION 10: THAT all assessments herein levied are a personal liability and chazge against the real and true owners of the premises described, notwithstanding such owners may not be named, or may be inconectly named. AND IT IS SO ORDERED. Passed by the City Council oa first reading on April 11 , 2023. Passed by the City Council on second reading on Apri125 , 2023. ATTEST: � Courtney Paz, Interim City Secretary APPROVED AS TO CONTENT: / Blu ostelic , Chief Finan ' Officer APPROVED AS TO FORM: . elli Leisure, Senior Assistant City Attorney ccdocs/ORD. Economic Development Upland Crossing 2 PID - Service Plan, Assessment Role, and Levy 3.28.23 Exhibit 1 Upland Crossing 2 Public Improvement District 2023 SERVICE AND ASSESSMENT PLAN FEBRUARY 16, 2023 ' u City Of �C TEXAS Exhibit 1 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 1: 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 ......................................................................................................16 Exhibit B— Service Plan — Five Year Plan .................................................................................................. 24 ExhibitC- Assessment Roll ............................................................................................................................ 25 1 Exhibit 1 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 Plan Description and De�ned Te�ms 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 I.B 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 a�nually 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 Exhlbit C of this Service and Assessment Plan. The Assessments as shown on the Assessment Roll a�e 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 owners obligations related to the payment of the Assessments, to constitute a covenant running with the land. The Assessments levied hereby 2 Exhibit 1 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Imp�ovement 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 enti�e 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 Exhi6it A to the Service and Assessment Plan. 3 Exhibit i 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 Exhlblt B 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 I.A of this Service and Assessment Plan. "PID AcY' means Texas Local 6overnment Code Chapter 372, Improvement Districts in Municipalities and Counties, Subchapter A, Public Improvement Districts, as amended. "PID Map" means the map included as Exhlblt A 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 Pla�. The 34.294 acre development is expected to consist of approximately 200 residential units, drainage basin and associated rights of way, landscaping, and infrastructu�e. 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 4 Exhibit 1 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 P�operty is estimated at $15,000 in the first year and increases to $31,524 in the 5�h 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 PIU will have no indebtedness and the PID assessments will fund the maintenance of the public imp�ovements, 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 Exhibit 1 City of Lubbock, Texas Finance Department Upland Crossing 2 Public Improvement District Service and Assessment Plan February 16, 2023 Tax Vear PropartyValues (Tazable�' Oiscounted PropertyValues fisral Year Revenues InterestEarn�ngs Assessment N� 5012 Total Expeiues Basin Park Ma�ntenance Annual Operot�ng Cost Adm�nistrative Costs ToLI Cash Reserve ASflSsmeM InformadOn fa $100,000 Home Propaa�d et 2023 2024 2,911,768 16,095,003 2,620,591 14,485,503 2023-24 2024-25 S 3 145 17 383 3 115 17 383 S 6,000 6,000 9 000 9 000 15 000 15 000 11 855 9 473' $120 2025 2026 2027 Totals 38,291.903 39,057,741 39,838,896 39,838,896 34,462,713 35,151,967 35.855,007 35,855,007 24 193 � S 217 15,000 15,300 15,606 � S 45,906 6,120 6,242 6,367 30,730 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. 6 Exhibit 1 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 — S Year Plan Exhibit C Assessment Roll � � ry�� Upland Crossing 2 Public Improvement District y :� _� � ��- �- - �� L—�- � I ti. _!. � �� �. �� , =1 � �� r� �__ �� � � N � i z � Q Upland Crossing 2 PID Parcels Lot-Block Lines 0 125 250 r�, c�ry or 50o Lubbock � Feet T��4: r�..r.� na�r wtwr+w er r..�we rr a..«,r w, �� �.re r r ir.rr ww r..r r r. r. M.ww«w.ar•r��..r.r.y,r rwN�r.n... • �n�n.�.. w.�+w+.r.ww r �w.��.+r w. �r.M/M� Mu4� �1 M�Mb M� W r 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 ac� tract of land located in the Northeast Quarter (NFJ4) of Section 39, Block AK, G.C. & S.F. RR. Co. Survey, Abstract No. 228, Lubbock County, Texas, being aU of that certain tract of land described in a Corne�tion Speciai Warranty Deed recorded in County Clerk's File Number 2014�4363 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" imn rod with cap marked "Hugo Rced & 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 I?eed Records of Lubbock County, Texas, and in the west line of that certain tract of land described in a Warranty Deed tecorded 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 Easdng: 909�97L.59 of the Teaas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the northeast cvrner of said Section 39 bears N. O1° 51' 4U" E. a distance of 40.00 feet and S. 88° 10' S0" 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. O1° 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 IVumbers 200504 1 1 1 9, 200800329b, 2013047547 and 2018Q36068 of the Official Public Records of Lubbock County, Texas, a distance of 919.78 feet to a S/8" iron rod found at the southwest corner of that certain iract 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' S0" 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 cectain tract of land described in a Wananty 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. O1° 51' 40" W. a distance of 270.08 feet to a 1" iron pipe found at the southwest comer 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 tracr, A- I Exhibit A THENCE N. 7'0 17' S0' W., along the north line of the West Texas & Lubbock Railroad� a right- of-way being 100.0� 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 Wananty Deed recorded in County Clerk's File Number 2013044872 of the Official Public Records of Lubbock County, Texas, for the souihwest corner of this tract. having coordinates of Northing: 7,268,537.79 and Easting: 908,346.08 of the Te� Coordinate System of I983 (2011), Texas North Cenvai Zone; THENCE N. 0�1 SS' 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 �le Number 2013044872 for the northwest corner of this tract; THENCE S. 88 10' S0" E. a distance of 1604.24 feet to the Point of Beginning. Beazings aze relative to the Texas Coordinate System of 198� 201�1 , 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 actua! survey of the pmpetty and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed: June 21, 2021 Nonis Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 210437 Sec39 BIkAK. SI. 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J J J J J J J J J J J J J J J J d J J J J J J J J J J J J J J J J E N N Vf VI tA N Vf N N N N Vf Vf N N V1 Wc WC Wc WC WC Wc Wc Wc Wc Wc Wc Wc Wc Wc Wc WC Z L G G C C L G G G G G G L G G G � 0 0 0 � Q 0 � 0 0 � � Q � 0 � � a� i x i i i i i S i i i i i i S i x x x x x x x x x x x x x x x x � � � � � � c� � � � � � � � � c� � > > > > > > > > > > > > > > > > 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m m m m m m m m m m m m m m m m z z z z z z z z z z z z z z z z W W W W W W W W W W W W W W W W H H' �"' H H H F H F H �"' F H H H F W W W W W W W W W W W W W W W W m m m m m m m m m m m m m m m m � N 00 01 N 01 N M l0 N �O 1� N b1 N �O O EO N N a 1� 01 O1 Q1 �D 1� 1� N N P�1 � 1l1 N N N N N N N N N N N N N N N N l0 lD l0 �O �D t0 t0 t0 10 10 tD l0 t0 t0 tG p v a a `� v v v a � v v v e a a v G M f+f M f+f M M Y�f f+1 M M M f+1 f+1 M M G C C.' K d' K OC OC � C Q GC a' K � � C � W 00 ro a .. u � �+ N � M � dC G � �� d � �i �.i Y E O. C �+ O A � d � � � y � t � � � N W p u d � � N v � c o 1L •y� N N 0 V u � c A a � l0 m f0 d Attachment 1 2023 Service and Assessment Plan Required Attachment Sec. 5.014. NOTICE OF OBLIGATIONS RELATED TO PUBIIC IMPROVEMENT OISTRICT. (a) A person who proposes to sell or othervvise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, local Government Code, or Chapter 382, Local Gove�nment 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 municipatity or county levying assessment), TEXAS CONCERNING THE FOLLOWING PROPERTY (insert properry 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 distrid) (the "Uistrict") created under (insert Subchapter J 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 OUE AND PAYABLE IN ANNUAI 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. Oate: Signature of Purchaser (a-2) For a district described by Section 73 2•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 (a-2) For a district described by Sedion 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 FOILOWING 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 FULI 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 AODED 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 calcufation 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 pu�chaser acknowledges receipt of this notice before the effective date of a binding contrad 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 distrid in the notice prescribed by Subsection (a-1) or (a- 2), including whether an assessment has been levied, the amount of the assessment, and the payment schedule for assessments. (c) This section does not apply to a transfer: (1) under a court order or foreclosure sale; (2) by a trustee in bankruptcy; (3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; (4) by a mortgagee or a beneficiary under a deed of trust who has acquired the la�d at a sale conducted under a power of sale under a deed of trust or a sale under a court-ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; (5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; (6) from one co-owner to another co-owner of an undivided interest in the real property; (7) to a spouse or a person in the lineal line of consanguinity of the seller; (8) to or from a governmental entity; or (9) of only a mineral interest, leasehold interest, or security interest. (d) For the purposes of this section, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring notice. Added by Acts 2005, 79th leg., Ch. 1085 (H.B. 1919), Sec. 1, eff. January 1, 2006. Amended by: Acts 2009, Slst 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. 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Passed by the Board of Directors this 26�' day of July, 2023. Greg ones, ai n Board of Directors ATTEST: �� - B bby McQueen, Secretary Board of Directors