HomeMy WebLinkAboutOrdinance - 2023-O0100 - 2023 Assessment Rate Northwest Passage PID - 09/12/2023First Reading
August 22, 2023
Item No. 7.8
ORDINANCE NO. 2023-00100
Second Reading
September 12, 2023
Item No. 5.11
AN ORDINANCE REVIEWING CLASSIFICATION FOR THE METHODS OF
ASSESSING SPECIAL BENEFITS FOR THE SERVICES AND IMPROVEMENTS
OF PROPERTY IN THE NORTHWEST PASSAGE PUBLIC IMPROVEMENT
DISTRICT, APPROVING, ADOPTING AND FILING WITH THE CITY
SECRETARY THE ASSESSMENT ROLL; CLOSING THE HEARING AND
LEVYING 2023 ASSESSMENTS FOR THE COST OF CERTAIN SERVICES AND
IMPROVEMENTS TO BE PROVIDED IN THE llISTRICT DURING FY 2023-24;
FIXING CHARGES AND LIENS AGAINST THE PROPERTY IN THE DISTRICT
AND AGAINST THE OWNERS THEREOF; AND PROVIDING FOR THE
COLLECTION OF THE ASSESSMENT
WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") allows for the
creation of public improvement districts; and
WHEREAS, through Resolution No. 2021-R0363 the City Council of the City (the
"Council") attached hereto as Exhibit A, which made certain findings concerning the
advisability of creating the Northwest Passage Public Improvement District (the
"District"), authorized and created the District as a public improvement district under the
Act, designated the Lubbock City Council as the entity responsible for the management of
and provision of services and improvements to the District; and, created the initial advisory
board for thc PID; and
WHE1tEAS, On November 1, 2021, the City Council passed Ordinance No. 2021-00152,
approving the Service and Assessment Plan (the "Plan), which will be reviewed and revised
each year when necessary. The amended 2023 Service and Assessment Plan (the "Plan")
for the District is attached hereto as "Exhibit B;" and
WHEREAS, the Act requires that the City Council review the Plan; prepare a proposed
assessment roll (the "Roll") and file it with the City Secretary; and schedule a public
hearing to consider the proposed assessments and receive public comment on an annual
basis; and
WHEREAS, after published and mailed notice of the hearing, pursuant to the Act, a public
hearing was held August 22, 2023, to consider objections to the proposed assessments. The
City Council closed the public hearing after receiving property owner's concerns and
comments (both oral and written) on proposed 2023 assessments within the District and
acted on any objections to proposed assessments for particular parcels; and
WHEREAS, the City desired, by the calling and holding of such public hearing, to provide
a reasonable opportunity for any owner of property located in the District to speak for or
against the 2023 assessment rate for a special asscssment against real property and real
property improvements exclusive of public rights-of-way, to provide funding for the
District for the purpose of supplemental services and improvements; and
Northwest Passage PID Assessment Ordinance — 2023 (FY 2023-24) Page 1
WHEREAS, the City Council desires to review classifications and formulas for the
apportionment of the costs for the services and improvements of the property in the District,
and approve, adopt and file with the City Secretary the Roll which is attached hereto as
Exhibit C; and
WHEREAS, the City Council finds after review that the amended service plan and
assessment plan are feasible and sound and will serve the needs and desires of the property
owners and that the assessment rate of $0.15 per $100.00 valuation for tax years 2023
through 2027, as determined by the Lubbock Central Appraisal District, of the property or
improvements to the property located in the District; are reasonable and adequate.
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
are hereby found and declared to be true and correct.
SECTION 2: THAT the City Council, after review of the Plan, approves the method of
assessing special benefits of services and improvements in the Plan. "Terms relating to
property taxes in this ordinance shall be used as defined in Section 1.04 of the Texas
Property Tax Code. In accordance with the Plan, each property owner in the District
identified for assessments in 2023 receives the same amount of service for the assessment
provided. The proposed method of assessment, which specifies included or excluded
classes of assessable property, is based on the net taxable value of the real property and
real property improvements as determined by the Lubbock Central Appraisal District in
accordance with Chapter 25 of the Texas Property Tax Code. Public rights -of -way are
exempt from assessment.
SECTION 3: THAT the City Council hereby approves, adopts, and files with the City
Secretary, the Assessment Roll. The Assessment Roll states an estimate of the assessment
against each parcel of land in the District, as determined by the method of assessment set
forth in the Plan and this Ordinance. The City Secretary shall file the Assessment Roll in
the official City Records. The Assessment Roll shall be subject to public inspection.
SECTION 4: THAT the City Council finds that the notice of the City Council's
intention to consider the proposed assessments at a public hearing on August 22, 2023 at
2:00 p.m. in the City Council Chamber, 1314 Avenue K, Lubbock, Texas was published
in the official newspaper of the City of Lubbock, Texas before the 10°i day before the
date of the hearing. The notice stated: (1) the date, time and place of the hearing; (2) the
general nature of the services and improvements; (3) the cost of the services and
improvements; (4) the boundaries of the District; and (5) that written or oral objections
will be considered at the hearing.
SECTION 5: THAT the City Council finds that City of Lubbock staff mailed to the
owners of property liable for assessment, the notice of the hearing as the ownership
appears on the City tax roll. The notice contained the information required by the Act.
Northwest Passage PID Assessment ordinance — 2023 (FY 2023-24) Page 2
The notice was mailed before the l Oth day before the date of the hearing to the last known
address of the property owner on the City tax roll. The failure of the property owner to
receive notice does not invalidate the proceeding.
SECTION 6: THAT the City Council finds that the assessments should be made and
levied against the respective parcels of property within the District and against the owners
thereof, and are substantially in proportion to the benefits to the respective parcels of
property by means of the services and improvements in the District for which such
assessments are levied. The City Council finds that in each case the property assessed is
specially benefited by means of the said services and improvements of the District. The
City Council further finds that the apportionment of costs of the services and
improvements is in accordance with the law in force in this City and the State. The City
Council finds that the proceedings that the City has had with reference to the formation
of the District and the imposition of assessments for said services and improvements are
in all respects valid and regular.
SECTION 7: THAT there is hereby levied and assessed against the parcels of property
within the District, 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 the final 2023 City net taxable value in the manner described in the assessment attached
hereto in Exhibits B and C shown opposite the description of the respective parcels of
property, and the several amounts assessed against the same, and the owners thereof.
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, are hereby declared to be and are 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 charge against the owners of the property regardless of
whether the owners are 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 year on the property, whether or not the assessments are
imposed in the year the lien attaches and shall be effective until the 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 (1 St) 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 year 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 regard
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
Northwest Passage PID Assessment Ordinance — 2023 (FY 2023-24) Page 3
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 parcel, along with any interest and penalty that has
accrued on the assessment.
SECTION 10: THAT all assessments herein levied are a personal liability and charge
against the real and true owners of the premises described, notwithstanding such owners
may not be named, or may be incorrectly named.
Section 11: THAT the assessments herein levied are made and levied under and by virtue
of the terms powers and provisions of the Public Improvement District Assessment Act,
Chapter 372 of the Texas Local Government Code, as amended.
Section 12: THAT the City may contract with the Lubbock Central Appraisal District
or any competent attorney to collect the assessments and to represent the District to
enforce the collection of delinquent assessments. The attorney's compensation shall be
set in the contract, but the total amount of compensation provided may not exceed twenty
percent (20%) of the amount of delinquent assessment, penalty, and interest collected, as
required in Section 6.03 of the Texas Property Tax Code.
AND IT IS SO ORDERED.
Passed by the City Council on first reading on August 22 , 2023.
Passed by the City Council on second reading on September 12 , 2023.
TRAY PAYN . MAYOR
Courtney Paz,
Northwest Passage PID Assessment Ordinance 2023 (Fl 2023-24) Page 4
APPROVED AS TO CONTENT:
Blu osteli , Chief Fin al Officer
APPROVED AS TO FORM:
k Aen'2
Kelli Leisure, Senior Assistant City Attorney
ccdocslORD. Economic Development • Northwest Passage PID — Service Plan, Assessment Role, and Levy
August 22, 2023
Northwest Passage PID Assessment ordinance 2023 (Fl 2023-24) Page 5
Resolution No. 2021-R0363 Exhibit A
Item No. 8.8
September 14, 2021
RESOLUTION
A RESOLUTION OF THE CITY OF LUBBOCK, TEXAS, APPROVING AND
AUTHORIZING THE CREATION OF THE NORTHWEST PASSAGE PUBLIC
IMPROVEMENT DISTRICT
WHEREAS, the City Council (the "Council') of the City of Lubbock (the "City") has
received a petition (the "Petition") with signatures from the record owners of taxable real
property representing more than fifty percent (50%) of the appraised value of an area within
the City as determined by the most recent certified appraisal roll of the Lubbock Central
Appraisal District, and owners of more than fifty percent (50%) of the area of all taxable
real property that is liable for assessment under the area covered by the Petition; and
WHEREAS, the Petition requests that the City establish a public improvement district
according to Chapter 372 of the Texas Local Government Code for the general purpose
of financing improvements and services related to:
(a) The design, construction and maintenance of parks and greens together with any
ancillary structures, features or amenities such as playgrounds, athletic facilities,
pavilions, community facilities, bridges, walkways, lighting, benches, trash receptacles
and similar items located therein along with all necessary grading, drainage and similar
infrastructure involved in the construction of such parks and greens; landscaping,
hardscaping and irrigation; the design, construction and maintenance of water features
such as lakes, ponds and fountains; distinctive lighting and signs; construction and
improvement of pedestrian malls, passages or pathways including pedestrian bridges;
design, construction and improvement of vehicular bridges and low water crossings;
design, construction and improvement of community meeting halls or similar buildings;
design, construction and improvement of community monuments, towers, and other
amenity -type structures; acquisition and installation of art work; design, acquisition,
installation, and improvement of telecommunication and similar technology systems; and
special supplemental services defined in the Act, together with related permits and
licenses; and
(b) 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) The District shall prioritize its expenditures as follows: (i) design, construction,
maintenance, and financing for drainage improvements; then (ii) design, construction,
maintenance, and financing for park improvements; then (iii) selection, acquisition, and
maintenance for public art; then (iv) all other allowable improvements and related
expenditures; and
WHEREAS, the Petition, a copy of which has been attached to and made a part of this
Resolution as "Exhibit I", was examined, verified, found to meet the requirements of
Section 372.005(b) of the Texas Local Government Code, and accepted by the City
Council; and
WHEREAS, the Petition covers property within an area generally bounded by Frankford
Avenue on the west, Quaker Avenue on the east, Kent Avenue and Highway 84 on the
north, and Marshall Avenue on the south, with such property being the development known
as Northwest Passage, and a description and depiction of the property covered by the
Petition is attached hereto and made a part of this Resolution as "Exhibit 2"; and
WHEREAS, notice of the public hearing was published in the Lubbock Avalanche -
Journal, a daily paper of general circulation in the City, such publication date being before
the fifteenth (15'h) day before the date of the public hearing, stating the time and place of
the public hearing, the general nature of the services, the estimated cost of the services, the
boundaries of the proposed public improvement district, the method of assessment, and the
apportionment of cost between the public improvement district and the City; and
WHEREAS, before the fifteenth (15'h) 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 roil 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 fourteenth (141h) day of September, 2021, at five (5:00) p.m., at
Citizen's Tower, located at 1314 Avenue K, Lubbock, Texas; and
WHEREAS, in accordance with the published and mailed notices, the Council called the
public hearing and heard public comment from interested persons speaking in favor or
opposition to the proposed public improvement district and the Council heard a report by
City staff on the advisability of the proposed public improvement district and its benefits
to the City and to the property within the boundaries of the proposed public improvement
district; and
WHEREAS, the proponents of the proposed public improvement district offered evidence,
both oral and documentary, in favor of all of the foregoing matters relating to the creation
of the proposed public improvement district, and opponents of the public improvement
district were given the opportunity to appear to contest authorization of the proposed public
improvement district, after which the Council closed the hearing; and NOW
THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1: THAT the facts and recitations contained in the preamble of this resolution
are hereby found and declared to be true and correct.
SECTION 2: THAT after conducting a public hearing, examining evidence, and hearing
testimony, the City Council finds and determines the following:
(a) That the public hearing on the advisability of authorizing the Northwest Passage
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 Northwest Passage Public Improvement District; and
(b) That authorization of the Northwest Passage 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 Northwest Passage
Public Improvement District for the general purpose of financing improvements
and services related to:
(a) The design, construction and maintenance of parks and greens
together with any ancillary structures, features or amenities such as
playgrounds, athletic facilities, pavilions, community facilities,
bridges, walkways, lighting, benches, trash receptacles and similar
items located therein along with all necessary grading, drainage and
similar infrastructure involved in the construction of such parks and
greens; landscaping, hardscaping and irrigation; the design,
construction and maintenance of water features such as lakes, ponds
and fountains; distinctive lighting and signs; construction and
improvement of pedestrian malls, passages or pathways including
pedestrian bridges; design, construction and improvement of
vehicular bridges and low water crossings; design, construction and
improvement of community meeting halls or similar buildings;
design, construction and improvement of community monuments,
towers, and other amenity -type structures; acquisition and installation
of art work; design, acquisition, installation, and improvement of
telecommunication and similar technology systems; and special
supplemental services defined in the Act, together with related
permits and licenses; and
(b) 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) The District shall prioritize its expenditures as follows: (i) design,
construction, maintenance, and financing for drainage improvements;
then (ii) design, construction, maintenance, and financing for park
improvements; then (iii) selection, acquisition, and maintenance for
public art; then (iv) all other allowable improvements and related
expenditures; and
(c) That the total estimated cost of services and improvements to be paid by the
assessment generated within the Northwest Passage Public Improvement District
through Fiscal Year 2025-26 is approximately five hundred sixteen thousand eight
hundred thirty six dollars ($516,836) (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 fifteen cents
($0.15) per one hundred dollars ($100) of valuation of property within the
Northwest Passage Public Improvement District through Fiscal Year 2025-26, with
such proposed assessment being described in "Exhibit 3"; and
(e) That as to the apportionment of the Costs between the Northwest Passage Public
Improvement District and the City, all the Costs will be paid by the Northwest
Passage Public Improvement District through assessments on the property within
the boundaries of the Northwest Passage Public Improvement District.
SECTION 3: THAT subject to Chapter 372 of the Texas Local Government Code, the
City Council hereby authorizes a public improvement district over the area depicted and
described in "Exhibit 2" and such public improvement district shall be identified as the
Northwest Passage Public Improvement District, City of Lubbock, Texas.
SECTION 4: THAT the City Council hereby creates the Northwest Passage Public
Improvement District Advisory Board for the Northwest Passage Public Improvement
District. The Northwest Passage Public Improvement District Advisory Board shall act as
an advisory board of the City of Lubbock, and shall initially be composed of five (5)
members, each of whom will represent a developer of the property within the Northwest
Passage Public Improvement District. The Northwest Passage Public Improvement District
Advisory Board shall follow any and all rules, regulations, policies, and procedures related
to City of Lubbock advisory boards and the Criteria and Guidelines for Public
Improvement Districts. The initial members of the Advisory Board for the Northwest
Passage Public Improvement District shall serve a two (2) year term. The City Council may
extend the term of the initial governing board beyond two (2) years. The initial Advisory
Board of the Northwest Passage Public Improvement District will provide
recommendations to the City Council on all matters related to the initial development of
the Northwest Passage Public Improvement District, including matters related to the Costs
and to the assessments on properties located within the Northwest Passage Public
Improvement District. Upon the end of the term of the initial Advisory Board members of
the Northwest Passage Public Improvement District, an election will be held for the
Northwest Passage property owners to vote on each of the five seats. Once an election has
taken place, the City Council will appoint the members of the Northwest Passage Public
Improvement District Advisory Board. The PID Board shall adopt and be governed by a
set of bylaws that, among other things, direct the PID Board as to its membership, its
purpose, and its procedure for conducting business related to the Northwest Passage Public
Improvement District.
SECTION 5: THAT the notice of this authorization for the Northwest Passage Public
Improvement District shall be published in a newspaper of general circulation within the
City of Lubbock, Texas and Lubbock County, Texas.
SECTION 6: 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 l4th
ATTEST:
ReTekcaGarza, City Sec
day of September 2021.
<0-0-^-MOM C)
STEVE GA , AYOR PRO TEM
AP OVED AS TO ENT:
Brianna Gerardi, Dire6< of siness Development
APPROVED AS TO FORM:
t •.
K lli Leisure, Assistant City Attorney
EXHIBIT 1
CITY OF LUBDOM
COUNTY OF LUBBOM
STATE OF TBX" f
CER'I:RICATION OF SUFFICEM PNTITION
I hereby caeft in the perf musam of the functions of my office, that die attached
petition6 from property owners raqueatmg the City of Lubbock. establish a Public
Impeovmrrat District (PID) for the proposed Northwest Passage development, has been
vedfied and is sum. And, that Public Lnprovaaerrt Districts can omly be initiated by
a petition of pagwW owners who meet a value feet ad an araa test, pmssrant to Texas
Local Govownent Code, Sec. 372.005 (b). And, the stmuwy two test requhamm was
met: (1) petition is signed by the own= of taxable ad pop" mptro aft more, lout
50% of the raised value of the taxable, real property liable for assemam by the arnent
roll of dw appraisal district (August 11. MI), in the ama known as Northwest Passage, as
shown on the attadted map; the petitioners own 100% of the acre within the proposed
Northam Pomp PM; (2) petition must be signed by the record owners of property that
cue more than 30% of do aumba of record owners or she record owmn of mare
than SO% of dw seat within the PID; the petitioners own 100% of the tow am witthim the
proposed Northwest Pomp PID am
I Andw mdfy that I am the City Secretary of the City of Lubbock, that said
dochmreOM appear of record in my office, I have IsO cudody of said record, ad that 1
sun a lawful possessor and keepw aed have legal cud* of the --.crib In said office.
In witness whereof I have heannto at my hod ad atBxed the official seal of
avid office the 13th day of August, 2021.
OW S0111)
R. JA A. - O�C
RebAefflum
City Smdvy
City of Lubbock
I.nbboek County, State of Texas
of
ibbock
TEXAS
Date: August 12, 2021
To: Becky Garza, City Secretary
From: Cheryl Brock, Director of Financial Planning and Analysis
CC: Blu Kostelich, Chief Financial Officer
Re: Northwest Passage Public Improvement District Petition
Recently, the City of Lubbock received petitions from Property Owners requesting the City
of Lubbock establish a Public Improvement District (PID) for the proposed Northwest
Passage development shown on the attached map. PID establishment can only be initiated
by a petition of property owners who meet two tests outlined in the state statute.
The first test is that the petition is sufficient if signed by the owners of taxable real property
representing more than 50 percent of the appraised value of the taxable real property liable
for assessment by the current roll of the appraisal district (August 11, 2021). Since the
petitioners, own 100 percent of the taxable real property value within the boundary, the
petition passes the value test.
The second test is that the petition must be signed by the record owners of property that
constitute more than 50 percent of the number of record owners or the record owners of
more than 50 percent of the area within the PID. The petitioners own 100 percent of the total
area within the proposed Northwest Passage PID area so they pass the area test.
The notarized signature on the Northwest Passage petitions were validated by a visual review
and owners on the petitions were verified against the current tax roll received from Lubbock
Central Appraisal District by the Financial Planning and Analysis Department and reviewed
by GIS and Data Services.
EXHIBIT 1
uwvwAwftwpvmA■•MMw ftv
�ftl*4&u
ualsm" 7 m jw7
ammimp aa,
WANC AM M
u1Momv no
l/lAq 3m"
umowAftwu MUM
UMUWAMA
swi sArm-m
u "KIX 7m
uMIOmu "m
AWWNAAOtMMs
IM st an
uuwmmsr.
Kinsfcsaf67sMl
uAMIX WO
Mown "m
um
ssooaaMW$r
mal000
exismIlmamoul
uJM00161X 7m
Acmes A
_ _
1���
��r•+_ ll r
�_I I Ir•'r�1
_
T-M
1_:
11 i ..III III �\�i�` •.'
I�rl II ..I,!r'iI Ilrl 11
r -.r i � II II Illirl�Il I
I(I 1
rIIII � 1 ills
EXHIBIT 1
COMPANIB8
June 28.2021
Cheryl Bw*
City of Lubbock. TX
PO Box 2M
Lubbock, TX 79457
RE: Northwest Passage Public improvemmut Distrid
Dar Mrs. Brock:
Northwest Pmage is a comamrcial development within the city limits of d a City of Lubbock
bound on the west by FmWord Avenue. the East by Quaker Avenue and the properties frondng
on it, the North by Kew Avenue and the properties fronting on US Highway S4, and the South by
the alley north of Marshall Avenue.
We are proposing too cmate a Public Improvement District (PID) to maintain the public
improvements for Northwest PaThis letter addrsases the mnainhrg petition �uimments
from the PID Pbliam and Guidelines.
1. Assa►ance ollong-term deg and support fiam the deNalWr. The developer commits
to ImS-Urm backing and support of the PID through service on the PID Advisory Hoard,
a proposed contra with the PID/City for acquisition of certain lands committed to
Wp ovammts, and pays at of PID assessments.
2. Proom6mfor Nomlaadon of PlD Advisory Board which will mrake retacmmemdadmir to
die Cary Corona om the anal budget and lartg-tenor pim . Tim PID Advisory Board
will be aominated by the property owners in the PID. by area.
3. Bemef ita of dw PID to dw mad property owners and to die City as a w�• The M
will benefit the WNW property owners and the City of Lubbock by emoting a well.
etmintained Tuft -use development. creation of and M&WWAM of stormwater
drainage (in eoidunction with proposed City inglrovemaats of storm sower from Qaalaar
Avenue to an aoceeptabk ou*B to the north or mK cmatiom of ad maintensom of
grrsatapaoa, and aUmr acceptable PID improvements and expendi4pm
4. Deseripsion ojeity-owned &and wldda the dhtrke Odw than ROW and event dots
fear Utilities (mad ingmVeme nts in those). there are cunuttly no city -owned penpertin
within the bowies of the PID However, tle aty has ImprvMernents 446oeut to the
PID, lncudiag water traattnent and an LPati.:aultlant,
am 11600 Broadway St., Suits 1$00 • Lubbock. Texas 70401 • (eon) 707-MG2 • mcdouoal.e m Q
EXHIBIT 1
S. Dr* PJD Oper=* budget listing cednau d operas costs, mdmV s 4" cog% mrtd
trptiv�s casts.• Attadeed as Bxhibh D.
6. M propond we"af aasamse w The awassooM wiU be asseed per $loo valuation
(other methods could be per square foot of the property.)
7. of adegwu deeAperIcanhactor Rabi ft Lxsr om regardipg
aorasftwdM of bwMV&aerrts: Documentation of adequate liability ironnocc has been
provided to the city.
S. Stets mt that the petidomrs understand drat the erasers! budget, or do PID hJubject to
ro *w by City Af aP d the Lubbod MY C&vt L- The property owners that have signed
the attached petition are aware that the aaaud budget is subject to review by City staff
and must be approved by the Lubbock City C w=dL
Please let us Inrow if there is additional information wquired that has not been submitted with ties
Petition.
7
h6DOUSM companies
EXHIBIT i
PB'iMON FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE
IMPROVEMENTS TO
NORTT!'tW "PASS4OE
THE STATE OF TEXAS $
CITY OF LUBBOCK ;
TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK:
The undusiped PdkiOnm (dw "P86tiOmW" ). acting pumumt to die provisions of
( pta 372, Texas Local 0ovarnmeru Code, as amended (the "Act"), request that the Chy of
Lubbock ct+dne a PWW t district (the "bidder) in the territory described in
Exhibit A aged hereto (the "Land") within the City of Lubbock, Texas (the "City"), and in
aWport of this plan the Petitioners would pemnt the following:
1. In compliance with the requirmnarta of Texas
mda, Local Gommmaht CoSection 372.005(bk as determined by the current roll of the Lubbock
Cmhtrd Appraisal Dishict, the Petitioners comstitate: (1) the owners of taxable real property
representing all of the appraised value of real property liable for amemment under the proposal
described horain, and (ii) there coed owners of taxable real property that com dunes all of the area
of all taxable real property that is liable for aasemmaut under such proposal.
of the proposed public impraverna tB is: (i) the design, oo and enaw nature
� fo parks and
ghrhens together with any ancillary stru cuM features or ameuldes such as playpounds, athletic
faciVdM pavilions, can muWty facilities, bridges, walkways, lighting, bendhea, trash rem
sad similar ltaraa located therein along with all necesmy grading, drainage and dmilar
infinbucture involved in the comsdwdm of such parka and greens; landscgb , moping end
in1 -ion; the dedgn, conseuction and nuh t um of water features such as lakes, ponds and
&W dive Iighdog and signs: ambuction and improvement of P malls,
vdhiealar bridges and lWudh Pram fie: des4A construction and kWovement of
hqW desSm. combuctiom and bolmam m of community
mie_7 halls or AWlmr buiIdh*%- dealgn, construction and hnpro►emert of eomuahunity
mmmamcn% towem and other amaft-tnm sbm*ujK aoquWdm and hotalletion of at work;
doaign, acquisition, installation and improvement of teleoommunkWon ead similar tedhnology
systems; and special supplemental services as defined in the Act. wpdmr with related permits and
lioease� amd (is) pgnmw of coats associated with developing and fim ==g the public
hopovements listed In uMvidom (1) including coats of issuing bonds and hu ft debt service
OW capitalized imta+dt meserves for such bonds and costs of establishing, aMnbft tg and
operating the District. The DBtriet shall prtaritize its mpemdkd as follows: (1) design,
eomstruction, maislawnco. and fimeacing for dnlegge its; then (H) design,
oonetehhetion, maina mehoe I and fn financing for peek improvamm ts; then (IN) selection, ncxlWWon6
and main0en mee for public art; them (iv) all other allowable ingxovm its and related
. sl0000000.
ftA h1wW rAffs —aloft. a
EXHIBIT 1
firdaL . The proposed bomhdaries of the Dishict are described on
AOWMI AddR QfMMUBMl, An essemmut methodokw will be prepoW list
Will oddness (1) bow the costa of the public Wpovemem SOMW with flee mmummb are
awed against the property in the Diatniot. (ii) the =mmem to be collected each ym. (iii)
Povisions providing for the anent of the =Wmmm at the ovion of the owner of any
pmel. (iv) der raallocadon of the apt on the aabdivisiam of a pa mi, and (v) reduction of
the assOMMMO forcosta UviUP (puMantto dWannual mviewofthe service Plan. fordo Diatriot)
and mpaynhend of bonds issued to finance the public hapove imam, Addidondly, a report will be
prepared Wwwin.g die special benefits mauing to property in the District and how the costa of tine
PI
imPwnmeats one assessed to property on the basis of the special benmfitS. The result will
be that equal shares of the oasts will be imposed on property similarly benwflte&
In assessing the coats of the public hmprove010% property will be classified based an the
use of the public hnprovementa. For fie. lush home: may generate more use of the public
bWcv' -1 -11 than i"Icr homes. Accordingly, these may be a classier of property on the
balk oftlha Wzc or type of bonM that may be built on a parcel. Casts may also be assessed on the
bads of the value of die pwpwty, or on a combination of sir or type of horses and velum of
Property. Property may also be clamified on the bons of the ration of the property within. the
DiSWck ifsom secdons of the District receive more public improvements or public impro�enb
of greater cost thm other sections of the Dishict.
The assesnn.ent methodology will mutt in !h pmd paying its fair gu ne of the com of
ts
the public impnoverhmnprovided with the mmumm based on the Special benefits received by
the property from the Public hapeovemmts and property equally d mted paying equal shares of
the costs of the public irrhpr+ovanaento.
be obligated to provide any fW* to finmoe the The City will net
Of the proposed public improves will be o�' All of the oases
property within the
DiNrict arid fiom other S=M of f mdIs If says available to the die +eloper of the Land.
Section 7. of ft OLMULot. To the extent allowed by law, the City may
conbsu,' with either a non-profit, or a f 4nofit arMnindIM including a Public Facilities
Collmstion created by the city pursumt to C3hspter 303, Tames Local 00vadmant Coda to carry
out all or a part of the reeponsibhlities of among tba District, ihuhKUM the day-to.dey
a men.t and of the Distrim
L Adviaory bo rd. An Wvisory board will be established to develop and
reed am impnov mM plan >b the City Council of the City (do "City Cowed'). The PhD
Advisoq Board will be mmimW by the property owners In the MD, by area, and ry raved by
rho City Council.
This petition will be filed with tiro City Seaem y in support of the Cmdon of the Distcld
by the City Council as herein provided.
[Sigoatum on following "r)
Mak ,«ermWh"hm ,ucoma-ftdit
EXHIBIT 1
NW E&s Po oje4 LLC
a Texas lboW liability compmy
& pads for Nllll"
EXHIBIT 1
THE STATE OF TEXAS
COUNTY OF LUBBOCK
On this, the day of W 2021, before me, the undersign Notary Public,
1 1.v appeared d)oudal No N dt mcclowova, who acknowledged that they m+e
the sots membom and Managers of NWp B" Pndedt LLC, and that tbkey, is such a paity,
being duly authorized so to do, eoce A ted the foregoing petition for the p ugxms dwein oonWmd
by signing their names in such capacity.
114 WITNESS WHEMOF,1 !rove hereunto set dry hadd and of ieW seal.
L�..�'' :•ram �.� ;� .�, .�.
0011 A Combs
com so v 1 1041-ml
AchrtowPdr for Pefltl"
EXHIBIT 1
ETA
MoLaad
IARM AND 8OUI4 Dl30QtiPi'ION ofa 476�iaQ-�ons�at loomed is 8eodon 11� Stook 18r
Ab*M 34k% kCO", Team, behtg a Pa" of dirt 727Ai7.a n boot dmdbed in
VoluW [Onto Pqp 176, OfAd d PON* Rewh of Lutbook CmVy, Te (OPRLCI) edd
4M02-mmbMb*#tAIbwdmodbsduhAwm
Bata IMkmmdV46UP01 6MMWRMAASSOC"adInaWeeramof
dwi 17AO4mn
201202,ihaet duosaadesocUtedIsO�tmbNambe(CCN
0 Sdaoa
of N-72"808^ &93M740 Tenant
dhimoo
atS48.8ahel8ematbedaeimlg eomtaoetoo=nofS6°14'W.a
A and Seoldm 14, BodcA, Lubbock Coa *s Teom% •6r S, ap inBlock
7HEMM It N°14.14" W, do% the Sow& one of aid 8aotlos I l and t&e Iamb Noe of mM
No" 6 Ow b ft a &M& Sae of add 7VA17-WO depot a di:k= ot2SS0.70 het to a III"hmnd hrmd stda8oahemoomwottope ",I oow*WWto Mon%bo in Vdmsa
6202, Pop 313, OPRLCr cod aoa:eer ofaid 737A17-acre uo4
THERMN.01.43'530Bpdooga8matadd727A174 oeettatandashestHmofaidvAmbivo
psopetar,at50.00 hdpm*sNodhr0m.a61-1- liaeotumwfiw 8trsetaderodbed b V*ko
Page
1213, 346, OPRLCr, � ht a total dimmoe of MA1 Act to a meld fenoa port
hmd at s oorme of aid 727-417-an "at ad the mod y )Ijd eatr aamw of aid
mamblvo peope:gr;
TMNC8 K WIT310 W., dw4l a ljm of said 717.417-acre tact ad a Now 1&te of old
bbsb vv FOPOO ► a dlep of 1204." Del to a meost hme poet Anad at a oomner of edd
727A174ore boot and an W cower of add bbatatvo plop*;
T HMM K Ol %r4C L. doog a tloe otadd 727.417-,. tact asd as B.8na atasdd,,.,.
p lowtj ad do &et ihm o[fto taste dwdbed in Vobaae S4SS, Ptlge 307, Votams 4130,
le74, and d Vahm 415%Pop 76, OPRLCT,adittraoaof20t4A4 Stette ahaoaporthmtd is
90 8001bliaaot9W 14AP-aotatraddwodbed is Volmee"K hp 191, OPRId.7, atala"
omw of add 727A17-aere teeo8
TLLWMLi I-V37"B.,ataRaHmotddd927Ai7.nmt mm ddw$ou &Bafsadd14.g-
aloeebaet a & man af79Ul hw to a 1/2" hoa rod rr np ¢ ) iamb ata ossrtae ofatd
727A17-un ikM and dte Sow ooetter etadd 14AO9.mn 104
THMMN.OIMWL.aU=afmM727AI7-smummdgwBMgm,ofnMl4A96
an taaetadklmoe 6069.94 hatto a JW deonrodvA&@*(ldra4 W hand at soomarafadd
717A17-am+e the Noel ow ao m atadd 14.,01.am am%
A-1
EXHIBIT 1
1ipa M K SM4923" W., ato,I a Bne of add MAP-&= am ad *e Nm& Nae of acid
14.809-ima but, d 1SMM hd pm die But dgbtv&wW Rae of FvmkW Av� OW 23M
aedeaoebedhivskm 1012,A0e465,OpRLCr. fbratotddegm�oeod 1742.32
toagM
atmeapd wbl ,L inure Wiat Bne afadd 8atioa !i, ata oamw*fadd 727A174wftw
anddbpertooenerofadd 14.809anetft%
UMCEN.01°4iPlrLodon$do WeatBueafaddgeodm 11 anda Wa dVwofaedd727A17-
aoae ftd a dbtenoe of 2169AS hg to a cottongpjm&hjmdgtdwNwdmW@MwQr@dd
Soda it aaddoNaethaaatonow Gfadd 727A17-#m*v=%
8.86°OSB�'8,alooHaNaefblimoota�1727.417•ap�elaotavddbNaedlli�eeofeeid
8eodon ii a dMtesoe of 2OK26 ftd to a 409mV =8 ftmd N a ooeaar of acid 727.417ia+e
teaotandS*NwdmmemerofdatS.anU tdeaoelWhtVal704,ptp2706OPI=,.
a Ol°SS'34" W., aloft aNO ofuM 727A17-aetrotandthe WOK lineofveldSmore
but at SM hd pre do 8oadi dd-%W 8m 'Of YAM SkW as doodbW is Vdama 1012.
Pop 563o Orl=* oantiaadeg for a UMa db moe of 926.74 hd to a 3ff iron rod lb�md at
8oe�eet ooeaer ofaaid Sioe�e Idiot cad a ooenae o+fadd 727A17� t+�
THWM S. s>t°03'33" B., dovS a line of amid 727Ai7.a m ftd and dw SON& Ilia of said Sams
ftd a dM ace of 234A hd % a !f2" h m god VA& cap MU 4579) had at do Soa&mK
comer of add S-Nm ftot mad a come dsdd 727Ai 74mm out
'lam N. 01*SVW B., dwg die Beet Hae of acid 5-ma tiaot ad a ire of a dd 727r417-a m
trot, at 876.HS hd pees the 8=6 wjw So of add R►eat 8ta4 oonft ft hr a told
diedeoe of 92625 Am to a 60-pW =0 hvnd do the Noel Ie ofadd 8eodo®11 and a Noeb
Vm ofmM 7Z7A17-aoaaftd&t dw NoeWeeetooe w of nM S."w ft@oj;
7M4CES. SMIIWIL,sbggwNee&VmatnMgeodon 1! ad&ft&Hmofadf 727A17•
acme teeotadMmoe of H19.69>'hettoaaoa�wrte aa6! lbtmd is �s d Sae
of U.B. y S4 (gmr4 RRoad) at a ooenee otadd 727A17.aore trao0
IMCB&OPS7'0r'W.,do%"M dds4f-wV%W d&ffmQfadd727.417-
aore tarot adjetmae ofS0A0 feettd a 1/x'hon rod ari�ap p4awtoe�
T1MC88.731"8..�g� a�ofadd727A17�aoastaxt
a d Maur of 2i3.34 hate a, rlgb�of-�► medoee
17�K`8B. �'11'23" B.. � � � �► atd aline ofadd 727A17�aoaetfaot
adidwoof 1353A7hdtoa 1/2" Moaeod a oaPmedoed"HIJOORB®�Agppd,".
de Wat d&U'of-"W 90 of 8ft RQ4 beb gdw Wag am afaeid 17ANuma %
Tle"mimp df -viloan&waf1Mu0. doa�g aomoe to da MR. acid omnel�g
db mea of 1607.84 he % 1/l" fi rod �n oftd of8.00'!6'32"g, aodimd
ap�o f np R,BBDA ABBOC">Rrandat
A2
EXHIBIT 1
7MD= S. 30.38 W a, oo*kft SUM MW d bj fd_% Or line adios ofS34AM hdU a
lW baoa rod hW at a pout at=v&A%
Tll11KCB Sooeael ft =ubft shm NU d&4"W lb% sjM & Queue Io go d8 % rid
=I bwigpaeadiato[1425AOfKa-dagpied320[r l",aahord6e�ggot$� 14• 0�"
B.. a*mddit� of 792.76 Bettaa l/r kmndv thapareloed'�itlpp RB*fL 14* C"
Aadatapd ooftw4pemr;
THBNCs s. 01°20ro0" w., n A IAIRamm aid eipN.d-%v no a dwom of 1isM lief to
a 1/2" boa rod waatUMW 9l W RBBD& AS$= ftwd atapdaafi &n@odoa;
TH NM L 04.11'44" w.. , m m d I chop add d*"&w , dae ad W moa of200Z f l& a
Ur bmfad artoep MW WJGO RM dt ASSOC* f and at&poleofb"oeotioa
S. 01.20.0r w., oodbft don$ aid dot„ay no awe =M 64% a
i/r hoaeodbmdet apoiatoiiatmreodon;
TFMNCR L 4@W$3" w., F' I dy aioa8 sdd d*tWkW dos a 4bbm of 42.27 2* to a
1/S" broo rod ift oep a idoed "HU in ROD & ASSOC" 6=d tAa plat of eodom ja do
d w.%V dae of vm diw
TMNCBKM4'14"w., doagmid d#t UN adbbmof397.10 hdto a
ltr b wd wl6 ap nwAmd "Htl00 R88D A ASSOC" ad ibr a pd t of inoeeaaodoo;
TE NCE S. 01.45'46" w.. andimbe don aid .%V lbe, at 540 hd pace ft moede
�
doe Stmetae deeodbed io Volmtie lZl%Pkgp M OMCr,
fira"taldimm ofss-00fedbdwpow dse .
HDeadW w We m dw TmM Cooeltn b Syateea of 1983 (2011) Bpoab 2010A; Nw&Ceai d
Dh*moeeamd areaeaee aue8oer U.L vAW Peet
MEMANDBOUND8 O ON ofa230125-mmUdboatedioSaodooe ll,Biooki8,
Abdow343.amdSeotioa 14.Sock A, Abobaft 861 and 133Z. Wbboak C=W, Twmk b ftg
pmtioo ofdw 727AIT- a ew deemibed is Vah ma 103Si, Pape 176r (kgWd pd& Ron@&
dL46baer ,r*w(0PMj rwdapact*&oftW2Kl4-mm%W&lwF edisVdl
10351, hp 183. OMU=o acid 230.125-oee twat baba lioaber &so"a ggbM
38MM data1/Y"bmmdvftuPa mftdOEM RMAASS)C"eetiaaagobeer
Ad 17A0.ao<eateeettml i d aay ddiaadea asdaeotw In Com w CM Mb Number (cc"
30C0ow beats Spatan d lM- No 64bRW Z00% atk6 pob t bm S. M194 0 L adbWoor
A-3
tXMMII L
N Northwest Passage Public Improvement District
s'
9� - ,
, a �
•IMmnie. r4
But
I
xlru 4
1 !' Iffi ill tl,tl 111lIt�Iflffi
1111:•"`!` `i'11111 _ 11 R9®tRii6
mul
_I�Fj . t 1111 _ lir {ittop I
111{IH 1 IIIF
tTTTttp �T /.
1, '7a11
Z , ��yitttls�
QProposed PID Boundary As r«C-WftC.,mmMC,t,,I,,,I,Wvdist.bkgmfn,,,,«.,
.d=WnWhm6 .pyw{1raM OWNIA I wlt►r«�MMr+Iw►.rt«.wn««.aw
wM�rwYM»7W,grwr•Itr frM �MlnMu{rrANM
Parcels dbmAft .
Lot -Block Lines 0 500 1000 2000 3000 s1
SM 312021
fL'4'tb]3��t
tXMIU11 1
EXMBIT A
The Land
Tract 1(Nord west Quadrant):
METES AND BOUNDS DESCRIPTION of a 476.102-acre tract located in Section 11, Block JS,
Abstract 343, Lubbock County, Texas, being a portion of that 727.417-acre tract described in
Volume 10351, Page 176, Official Public Records of Lubbock County, Texas (OPRLCT), said
476.102-acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in a West line of
that 17.40-acre street right-of-way dedication as described in County Clerk File Number (CCFN)
2012043729, OPRLCT, having a grid coordinate of N-7289808.60, E-926282.74, Texas
Coordinate System of 1983, North-Central Zone, which point bears N. 88° 14' 14" W. a distance
of 548.89 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block
JS, and Section 14, Block A, Lubbock County, Texas;
THENCE N. 88014' 14" W, along the South line of said Section 11 and the North line of said
Section 6, same being a South line of said 727.417-acre tract a distance of 2580.70 feet to a 1/2"
iron rod found at the Southeast comer of that property conveyed to Elizabeth Montalvo in Volume
6202, Page 313, OPRLCT and a comer of said 727.417-acre tract;
THENCE N. 01 043'53" E., along a line of said 727.417-acre had and an East line of said Montalvo
property, at 50.00 feet pass the North right-of-way line of Ursuline Street as described in Volume
1213, Page 346, OPRLCT, continuing for a total distance of 625.08 feet to a metal fence post
found at a corner of said 727.417-acre tract and the most Easterly Northeast corner of said
Montalvo property;
THENCE N. 88°13'31" W., along a line of said 727.417-acre tract and a North line of said
Montalvo property a distance of 1204.98 feet to a metal fence post found at a corner of said
727.417-acre tract and an "ell" comer of said Montalvo property;
THENCE N. 01047'44" E., along a line of said 727.417-acre tract and an East line of said Montalvo
property and the East lines of those tracts described in Volume 8455, Page 307, Volume 4150,
Page 74, and Volume 4150, Page 76, OPRLCT, a distance of 2014.64 feet to a fence post found in
the South line of that 14.809-acre tract described in Volume 9594, Page 191, OPRLCT, at an "ell"
comer of said 727.417-acre tract;
THENCE S. 88014'37" E., along a line of said 727.417-acre tract and the South line of said 14.809-
acre tract a distance of 796.21 feet to a 1IT' iron rod with cap (Newton) found at a corner of said
727.417-acre tract and the Southeast comer of said 14.809-acre tract;
THENCE N. 01043'22" E., along a line of said 727.417-acre tract and the East line of said 14.809-
acre tract a distance of 369.94 feet to a 1/2" iron rod with cap (Newton) found at a comer of said
727.417-acre tract and the Northeast corner of said 14.809-acre tract;
A-1
LAMM11 L
THENCE N. 88014' 23" W., along a line of said 727.417-acre tract and the North line of said
14.809-acre tract, at 1682.32 feet pass the East right-of-way line of Frankford Avenue (FM 2528)
as described in Volume 1012, Page 465, OPRLCT, continuing for a total distance of 1742.32 feet
to a cotton spindle found in the West line of said Section 11, at a corner of said 727.417-acre tract
and the Northwest corner of said 14.809-acre tract;
THENCE N. 01 044' 18" E., along the West line of said Section 11 and a West line of said 727.417-
acre tract a distance of 2269.05 feet to a cotton spindle found at the Northwest corner of said
Section ] 1 and the Northwest corner of said 727.417-acre tract;
THENCE S. 88005'04" E., along a North line of said 727.417-acre tract and the North line of said
Section 11 a distance of 2080.26 feet to a 40-penny nail found at a corner of said 727.417-acre
tract and the Northwest corner of that 5-acre tract described in Volume 7040, Page 170, OPRLCT;
THENCE S. 01055'34" W., along a line of said 727.417-acre tract and the West line of said 5-acre
tract, at 50.00 feet pass the South right-of-way line of Kent Street as described in Volume 1012,
Page 563, OPRLCT, continuing for a total distance of 926.74 feet to a 3/8" iron rod found at the
Southwest corner of said 5-acre tract and a corner of said 727.417-acre tract;
THENCE S. 88003'33" E., along a line of said 727.417-acre tract and the South line of said 5-acre
tract a distance of 234.68 feet to a 1/2" iron rod with cap (RPLS 4579) found at the Southeast
corner of said 5-acre tract and a corner of said 727.417-acre tract;
THENCE N. 01 056'30" E., along the East line of said 5-acre tract and a line of said 727.417-acre
tract, at 876.85 feet pass the South right-of-way line of said Kent Street, continuing for a total
distance of 926.85 feet to a 60-penny nail found in the North line of said Section 11 and a North
line of said 727.417-acre tract at the Northeast corner of said 5-acre tract;
THENCE S. 88005'04" E., along the North line of said Section 11 and a North line of said 727.417-
acre tract a distance of 819.69 feet to a concrete nail found in the Southwesterly right-of-way line
of U.S. Highway 84 (Clovis Road) at a comer of said 727.417-acre tract;
THENCE S. 01057'08" W., along said Southwesterly right-of-way line and a line of said 727.417-
acre tract a distance of 50.00 feet to a 1/2" iron rod with cap (Newton) found;
THENCE S. 77032'31" E., continuing along said right-of-way and a line ofsaid 727.417-acre tract
a distance of 283.34 feet to a concrete right-of-way marker found;
THENCE S. 58011'23" E., continuing along said right-of-way and a line of said 727.417-acre tract
a distance of 1353.47 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in
the West right-of-way line of Slide Road, same being the West line of said 17.40-acre tract;
THENCE Southeasterly, along said right-of-way line, along a curve to the left, said curve having
a radius of 1575.00 feet, a central angle of 61 °23'03", a chord bearing of S. 00°1632" E., a chord
distance of 1607.84 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC' found at
a point of tangency;
E;d
tAmitsll L
THENCE S. 30058'04" E., continuing along said right-of-way line a distance of 534.62 feet to a
1 /2" iron rod found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1425.00 feet, a central angle of 32*18'04", a chord bearing of S.14°49'02"
E., a chord distance of 792.76 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC"
found at a point of tangency;
THENCE S. 01020'00" W., continuing along said right-of-way line a distance of 1190.93 feet to
a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE S. 04011'44" W., continuing along said right-of-way line a distance of 200.25 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC' found at a point of intersection;
THENCE S. 01020'00" W., continuing along said right-of-way line a distance of 208.00 feet to a
1/2" iron rod found at a point of intersection;
THENCE S. 46032'53" W., continuing along said right-of-way line a distance of 42.27 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection in the
North right-of-way line of Ursuline Street;
THENCE N. 88014' 14" W., continuing along said right-of-way line a distance of 397.10 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 01045'46" W., continuing along said right-of-way line, at 5.00 feet pass the North
right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing
for a total distance of 55.00 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central
Zone.
Distances and areas are surface, U.S. Survey Feet.
u
METES AND BOUNDS DESCRIPTION of a 230.125-acre tract located in Sections 11, Block JS,
Abstract 343, and Section 14, Block A, Abstracts 861 and 1332, Lubbock County, Texas, being a
portion of that 727.417-acre tract described in Volume 10351, Page 176, Official Public Records
of Lubbock County, Texas (OPRLCT), and a portion of that 286.14-acre tract described in Volume
10351, Page 183, OPRLCT, said 230.125-acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in an East line of
that 17.40-acre street right-of-way dedication as described in County Clerk File Number (CCFN)
2012043729, OPRLCT, having a grid coordinate of N-7289776.71, E-927306.98, Texas
Coordinate System of 1993, North-Central Zone, which point bears S. 88*11'41" E. a distance of
A-3
tXMltsll L
476.10 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block
JS, and Section 14, Block A, Lubbock County, Texas;
THENCE N. 01 048' 19" E., along an East line of said 17.40-acre tract, at 50.00 feet pass the North
right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing
for a total distance of 55.00 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC"
set for a corner of said 17.40-acre tract in the North right-of-way line of Ursuline Street;
THENCE N. 85019'56" W., along said right-of-way line a distance of 200.25 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 8801 P41" W., continuing along said right-of-way line a distance of 208.00 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE N. 43025'50" W., continuing along said right-of-way line a distance of 42.60 feet to a
"crow's foot" chiseled in concrete for a point of intersection in the East right-of-way line of Slide
Road, same being the East line of said 17.40-acre tract;
THENCE N. 01020'00" E., along said right-of-way line a distance of 1580.17 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the left, said
curve having a radius of 1575.00 feet, a central angle of 32°18'04", a chord bearing of N.
140491021, W., a chord distance of 876.21 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of tangency;
THENCE N. 30°59'04" W., continuing along said right-of-way line a distance of 534.62 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1425.00 feet, a central angle of 44°23'25", a chord bearing of N.
08046'22" W., a chord distance of 1076.62 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" set for a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1478.85 feet, a central angle of 06°54'41", a chord bearing of N.
20°13'30" E., a chord distance of 179.28 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1415.00 feet, a central angle of 09°38'59", a chord bearing of N.
25°26'03" E., a chord distance of 238.03 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found in the Southwesterly right-of-way line of U.S. Highway 84 (Clovis Road), in a
Northerly line of said 727.417-acre tract;
THENCE S. 5801114" E., along said Clovis Road right-of-way line and a Northerly line of said
727.417-acre tract a distance of 644.87 feet to a 1/2" iron rod with cap marked "HUGO REED &
A-4
tAMM I L
ASSOC" found in the East line of said Section 1 I and the West line of said Section 14, at a corner
of said 727.417-acre tract
THENCE S. 01 045'00" W., along the East line of said Section 11 and the West line of said Section
14 and a line of said 727.417-acre tract a distance of 1447.24 feet to a 1/2" iron rod with cap
marked "HUGO REED & ASSOC" set for a corner of said 727.417-acre tract;
THENCE S. 8891'29" E., along a line of said 727.417-acre tract a distance of 1696.26 feet to a
5/8" iron rod found at a corner of said 727.417-acre tract;
THENCE S. 01 050'26" W., along a line of said 727.417-acre tract a distance of 333.98 feet to a
1/2" iron pipe found at a corner of said 727.4I7-acre tract;
THENCE S. 88"08'32" E., along a line of said 727.417-acre tract a distance of 311.55 feet to a
chain -link fence post found at a corner of said 727.417-acre tract;
THENCE S. 55008'25" E., along a line of said 727.417-acre tract a distance of 3142.70 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at the Northwest plat limits of
Tract "A", LP&L Northwest Substation Addition as recorded in CCFN 2008042914, OPRLCT;
THENCE S. 01 048' 11" W., along said West plat limits, at 541.59 feet pass the North right-of-way
line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total
distance of 591.59 feet to a 1/2" iron rod found in the South line of said Section 14 and the South
line of said 727.417-acre tract at the Southwest plat limits comer of said Tract "A" and the
Southeast corner of this tract;
THENCE N. 88011'41" W., along the South line of said Section 14 and the South line of said
727.417-acre tract a distance of 4164.33 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central
Zone.
Distances and areas are surface, U.S. Survey Feet.
gg 3 (Southwest Quadrant. excluding oorlion in the North P rote ID):
METES AND BOUNDS DESCRIPTION of a 318.340-acre being a portion of that 160.139-acre
tract located in Section 6, Block A Abstract 1492, Lubbock County, Texas, described in Volume
9795, Page 28, Official Public Records of Lubbock County, Texas (OPRLCT), and a portion of
that 153.864-acre tract located in Section 6, Block JS, Lubbock County, Texas, Abstract 1516,
described in County Clerk File Number (CCFN) 2006043021, and that tract located in said Section
6 described in Volume 10263, Page 222, OPRLCT, and a portion of that 303.29-acre tract located
in Section 5, Block JS, Lubbock County, Texas, Abstract 346, described in Volume 10016, Page
135, OPRLCT, said 318.340-acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC' set for a point of
intersection in the South right-of-way line of Ursuline Street, same being a line of that 17.40-acre
street right-of-way dedication as described in CCFN 2012043729, OPRLCT, having a grid
A-5
C/1M011 L
coordinate of N-7289731.09, E-926687.46, Texas Coordinate System of 1983, North-Central
Zone, which point bears N. 88° 14' 14" W. a distance of 140.88 feet and S. 01 °4546" W. a distance
of 65.00 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block
JS, and Section 14, Block A, Lubbock County, Texas;
THENCE S. 43027'07" E., along a line of said 17.40-acre tract a distance of 42.59 feet to an "X"
chiseled in concrete set for a point of intersection in the West right-of-way line of Slide Road;
THENCE S. 01020'00" W., along said West right-of-way line a distance of 574.41 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the left, said
curve having a radius of 1575.00 feet, a central angle of 30131'25", a chord bearing of S. 13°55'42"
E., a chord distance of 829.17 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC"
set for a point of tangency;
THENCE S. 29011'25" E., continuing along said right-of-way line a distance of 179.80 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1425.00 feet, a central angle of 30°57'31 ", a chord bearing of S.13°42'39"
E., a chord distance of 760.64 feet to a 1/2" iron rod found at a point of tangency;
THENCE S. 01046'06" W., continuing along said right-of-way line a distance of 336.59 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" set in the North line of a 20-foot alley
dedicated by plat of Lots 535-707, North Pointe Addition to the City of Lubbock as recorded in
CCFN 2006045605, OPRLCT;
THENCE N. 88°08'27" W., along the North line of said alley a distance of 228.93 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 43008'27" W., continuing along the North line of said alley a distance of 14.14 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88008'27" W., continuing along the North line of said alley a distance of 56.00 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 46051'33" W., continuing along the North line of said alley a distance of 14.14 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88008'27" W., continuing along the North line of said alley a distance of 110.10 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection in
the West line of said Section 5 and the East line of said Section 6;
THENCE N. 88009'58" W., continuing along the North line of said alley a distance of 709.89 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
A-6
tAnI I l L
THENCE N. 43009'58" W., continuing along the North line of said alley a distance of 14.14 feet
to a point of intersection;
THENCE N. 88°09'58" W., continuing along the North line of said alley a distance of 52.00 feet
to a point of intersection
THENCE S. 46050'02" W., continuing along the North line of said alley a distance of 14.14 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88009'58" W., continuing along said alley line a distance of 539.58 feet to a point of
intersection in the West plat limits of said North Pointe Addition and the East plat limits of Lots
191-290 and Tracts C and D, Lynnwood Addition to the City of Lubbock as recorded in Volume
9847, Page 139, OPRLCT;
THENCE N. 01 °36'04" E., along the East plat limits of said Lynnwood Addition a distance of
49.77 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the South line
of said 153.864-acre tract at the Northeast comer of the plat limits of said Lynnwood Addition;
THENCE N. 88001'32" W., along the North plat limits of said Lynnwood Addition a distance of
1325.36 feet to a "MAG" nail with shiner (AMD) found at the Northwest corner of said plat limits,
at the Southwest comer of said I60.139-acre tract and the Southeast comer of said 153.864-acre
tract;
THENCE N. 88°05'46" W., along the South line of said 153.864-acre tract, at 1320.00 feet pass a
1/2" iron rod found, continuing at 2130.37 feet pass the Northeast corner of Tract "A", Broadview
Baptist Church Addition as recorded in Volume 1685, Page 894, OPRLCT, continuing along the
North line of said Tract "A" for a total distance of 2579.92 feet to a 1 /2" iron rod found in the East
right-of-way line of Frankford Avenue (FM 2528) at the Southwest corner of said 153.864-acre
tract and the Southwest corner of this tract;
THENCE N. 01 °56' 10" E., along said East right-of-way line and the West line of said 153.864-
acre tract a distance of 2573.17 feet to a 1/2" iron rod found in the South right-of-way line of
Ursuline Street as described in CCFN 2011027661, OPRLCT, at the Northwest comer of this tract;
THENCE S. 88014' 14" E., along the South right-of-way line of said Ursuline Street, at 2285.20
feet pass the West line of that tract described in Volume 10263, Page 222, at 2580.37 feet pass the
East line of same tract and the West line of said 160.319-acre tract, continuing for a total distance
of 4671.95 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of
intersection;
THENCE S. 85022'29" E., continuing along said right-of-way line a distance of 200.25 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC' set for a point of intersection;
THENCE S. 88014' 14" E., continuing along said right-of-way line a distance of 208.00 feet to the
Point of Beginning.
A7
CAMOOI L
SAVE & EXCEPT: Any portion of Tract 3 located in Section 5, Block IS, Lubbock County,
Texas, Abstract 346, described in Volume 10016, Page 13 5, OPRLCT that is also currently located
in the North Pointe PID.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central
Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 4 (Small strip adininina So Rest Quadrant):
All of the portion of Tract 5 described in the Deed to Petitioner filed in CCFN 2021019386,
OPRLCT not currently located in the North Point PID (for further clarification, this tract is
generally described as a strip located north of, and adjacent to, the alley north of Marshall Avenue,
adjacent to Tract 3 described above.)
A-8
EXHIBIT 3
City of Lubbock, TX
Finance Department
Northwest Passage PID Preliminary FY 2022-23 Service and Assessment Plan
Method of Assessment
' Properties will be assessed based on the City's 2022 "net taxable value" as established by the Lubbock Central Appraisal District and
submitted to the City under Tax Code Section 26.04.
Assessment rate will be $0.15/$100 valuation.
• All property will be assessed based on the final 2022 "net taxable value".
Tax Year
Property Values* (Taxable)
Discounted Property Values
Number of Homes
Fiscal Year Revenues
Interest
Assessment @ $0.15
Total
Expense
Debt Service
Administrative Costs
Annual Operation Cost
(Notices, Public Hearings, Collection Costs,
Advisory Group meeting costs, postage, offke
supplies, Main PTJ
Total
Cash Reserve
*Property Value growth rate = 2% annually
PROJECTIONS
2021 2022 2023 2024 2025 2026 Totals
5,001,669 5,001,669
5,001,669 5,001,669
37,062,953
33,356,658
193,493,429
174,144,096
219,576,954
197,619,259
250,438,980
225,395,082
250,438,980
225,395,082
2020-21 2022.23
2023.24
2024-25
2025-26
2026.27
Total$A
- -
- 7,503
50,035
457
261,216
3,383
296,429
6,750
338,093
10,590
953,275
- 7,503
50,035
261,673
299,812
344,843
963,865
4,000
5,000
4,080
5,100
4,162
5,202
4,245
5,306
470,000
4,330
5,412
470,000
20,816
26,020
- 9,000
9,180
9,364
9,551
479,742
516,836
- (1,497)
39,357
Wl,667
581,928
447,029
447,029
Assessment Information for 100,000 home $250.00
Exhibit B
Northwest Passage
Public Improvement District
2023 AMENDED SERVICE AND ASSESSMENT PLAN
August 22, 2023
Lubbock
TEXAS
TABLE OF CONTENTS
Tableof Contents..............................................................................................................................................1
Introduction......................................................................................................................................................2
SectionI: Definitions.........................................................................................................................................3
SectionII: The District.......................................................................................................................................7
Section III: Authorized Improvements..........................................................................................................
7
SectionIV: Service Plan................................................................................................................................................8
SectionV: Assessment Plan......................................................................................................................................8
Section VI: Terms of the Assessments.......................................................................................................................10
SectionVII: Assessment Roll...................................................................................................................................13
Sect ion Vill: Additional Provisions............................................................................................................................13
Listof Exhibits.................................................................................................................................................15
Exhibit A - District Legal Description......................................................................................................................16
Exhibit B - District Boundary Map..............................................................................................................
24
Exhibit C - Authorized Improvements................................................................................................................
25
ExhibitD - Service Plan - Five Year Plan...................................................................................................................26
Exhibit E - Service Plan - Sources and Uses..........................................................................................................27
ExhibitF -Assessment Roll......................................................................................................................................28
Exhibit G - Annual Installments...................................................................................................................
29
Exhibit H - Maximum Assessment per Lot Type...................................................................................................30
Exhibit I -Allocation of Public Improvement Costs by Section......................................................................31
Exhibit J - Estimated Bond Debt Service Schedule...................................................................................................32
Northwest Passage PID SAP 1
INTRODUCTION
Capitalized terms used in this 2023 Amended Service and Assessment Plan (this "2023 Amended SAP") shall
have the meanings given to them in Section I unless otherwise defined in this 2023 Amended SAP or unless the
context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to
a "Section" or an "Exhibit" shall be a reference to a Section of this 2023 Amended SAP or an Exhibit attached to
and made a part of this 2023 Amended SAP for all purposes.
On September 14, 2021 the City passed and approved Resolution No. 2021-RO363 authorizing the creation
of the District in accordance with the PID Act, which authorization was effective on the date it was
approved as required by the PID Act. The purpose of the District is to finance the Actual Costs of the
Authorized Improvements for the benefit of property within the District. The District contains
approximately 992.06 acres within the corporate limits of the City, as described legally by metes and
bounds on Exhibit A and as depicted by the map on Exhibit B.
On November 1, 2021 the City passed and approved by Ordinance No. 2021-00152 accepting and
approving a service and assessment plan (the "2022 SAP") and Assessment Roll for the District. The 2022
SAP levied Assessments against the Assessed Property within the District and established a lien on such
Assessed Property. On April 12, 2022, the City passed and approved by Ordinance No. 2022-00043
accepting and approving an amended and restated service and assessment plan (the "2022 Amended and
Restated Service and Assessment Plan updated for the Issuance of Bonds") and Assessment Roll for the
District.
The PID Act requires a service plan covering a period of at least five years and defining the annual
indebtedness and projected cost of the Authorized Improvements. The Service Plan is contained in Section
IV.
The PID Act requires that the Service Plan include an assessment plan that assesses the Actual Costs of
the Authorized Improvements against Assessed Property within the District based on the special benefits
conferred on such property by the Authorized Improvements. The Assessment Plan is contained in Section
V.
The PID Act requires an Assessment Roll that states the Assessment against each Parcel determined by
the method chosen by the City. The Assessment against each Assessed Property must be sufficient to pay
the share of the Actual Costs apportioned to the Assessed Property and cannot exceed the special benefit
conferred on the Assessed Property by the Authorized Improvements. The Assessment Roll is contained
in Exhibit F.
Northwest Passage PID SAP 2
Pursuant to the PID Act, the 2023 Amended SAP must be reviewed and updated annually. This document is
amending the 2022 SAP. This 2023 Amended SAP updates the property.
SECTION I: DEFINITIONS
"2022 SAP" means that service and assessment plan passed and approved on November 1, 2021 by the City
pursuant to Ordinance No. 2021- 00152 that levied Assessments against the Assessed Property within the
District and established a lien on such Assessed Property.
"2022 Amended and Restated SAP" means this 2022 Amended and Restated Service and Assessment
Plan which is the update to the 2022 SAP and the update relating to the Bonds, as it may be
modified, amended, supplemented, and updated from time to time.
"2023 Amended SAP" means this 2023 Amended SAP and the update relating to the changed roll,
as it may be modified, amended, supplemented, and updated from time to time.
"Actual Costs" means, with respect to the Authorized Improvements, (a) the costs incurred by or on behalf
of Owner for the design, planning, acquisition, installation, construction and/or implementation of such
Authorized Improvement, (b) the costs incurred in preparing the construction plans for such Authorized
Improvement, (c) the fees paid for obtaining permits, licenses or other governmental approvals for such
Authorized Improvement, (d) the costs incurred by or on behalf of the Owner for external professional
costs, such as engineering, geotechnical, surveying, land planning, architectural landscapers, appraisals,
legal, accounting and similar professional services, (e) taxes (property and franchise) related to the
Authorized Improvements that benefit the properties within the boundaries of the District, (f) all labor,
bonds and materials, including equipment and fixtures, incurred by contractors, builders and materialmen
in connection with the acquisition, construction or implementation of the Authorized Improvement, and
(f) all related permitting, zoning and public approval expenses, architectural, engineering, legal and
consulting fees, financing charges, taxes, governmental fees and charges, insurance premiums, and
miscellaneous expenses plus interest, if any, calculated from the respective dates of the expenditures until
the date of reimbursement therefore.
"Additional Interest" means the amount collected by application of the Additional Interest Rate.
"Additional Interest Rate" means the 0.25% additional interest charged on the Assessments securing
Bonds pursuant to Section 372.018 of the PID Act.
"Administrator" means the City or the person or independent firm designated by the City who shall have
Northwest Passage PID SAP 3
the responsibility provided in this 2023 Amended SAP, the Indenture, or any other agreement or
document approved by the City related to the duties and responsibility of the administration of the
District.
"Annual Collection Costs" mean the actual or budgeted costs and expenses related to the creation and
operation of the District, and the construction, operation, and maintenance of the Authorized
Improvements, including, but not limited to, costs and expenses for: (1) the Administrator and City staff;
(2) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (3)
calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (4)
preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (5)
paying, and redeeming Bonds; (6) investing or depositing Assessments and Annual Installments; (7) complying
with this 2023 Amended SAP and the PID Act with respect to the administration of the District, including
continuing disclosure requirements; and (8) the paying agent/registrar and Trustee in connection with Bonds,
including their respective legal counsel. Annual Collection Costs collected but not expended in any year shall be
carried forward and applied to reduce Annual Collection Costs for subsequent years.
"Annual Installment" means the annual installment payment of an Assessment as calculated by the
Administrator and approved by the City Council, which includes: (1) principal; (2) interest; (3) Annual Collection
Costs; and (4) Additional Interest.
"Annual Service Plan Update" means an update to the 2023 Amended SAP prepared no less frequently than
annually by the Administrator and approved by the City Council.
"Assessed Property" means any Parcel within the District that benefits from the Authorized Improvements and on
which an Assessment is levied as shown on the Assessment Roll and which includes any and all Parcels within
the District other than Non-Benefitted Property.
"Assessment" means an assessment levied against a Parcel and imposed pursuant to an Assessment Ordinance
and the provisions herein, as shown on the Assessment Roll, subject to reallocation upon the subdivision of
such Parcel or reduction according to the provisions herein and in the PID Act.
"Assessment Ordinance" means Ordinance No. 2021-00152 adopted by the City Council on November 1, 2021 in
accordance with the PID Act that approved the 2022 SAP and levied an Assessment on Assessed Property within
the District.
"Assessment Plan" means the methodology employed to assess the Actual Costs of the Authorized
Improvements against Assessed Property within the District based on the special benefits conferred on such
property by the Authorized Improvements, more specifically described in Section V.
"Assessment Roll" means the assessment roll for the Assessed Property within the District and included in this
2023 Amended SAP as Exhibit F, as updated, modified, or amended from time to time in accordance with
the procedures set forth herein and in the PID Act, including updates prepared in connection with the issuance
of Bonds or in connection with any Annual Service Plan Update.
Northwest Passage PID SAP 4
"Authorized Improvements" mean improvements authorized by Section 372.003 of the PID Act, including
Public Improvements and District Formation and Bond Issuance Costs.
"City" means the City of Lubbock, Texas.
"City Council" means the governing body of the City.
"County" means Lubbock County, Texas.
"Delinquent Collection Costs" mean, for a Parcel, interest, penalties, and other costs and expenses authorized by
the PID Act that directly or indirectly relate to the collection of delinquent Assessments, delinquent Annual
Installments, or any other delinquent amounts due under this SAP, including costs and expenses to foreclose
liens.
"District" means the approximately 992.06 acres within the corporate limits of the City, as described legally by
metes and bounds on Exhibit A and as depicted by the map on Exhibit B.
"District Formation and Bond Issuance Costs" mean the costs associated with forming the District and issuing
Bonds, including but not limited to attorney fees, financial advisory fees, consultant fees, appraisal fees,
printing costs, publication costs, City costs, capitalized interest, reserve fund requirements, first year's Annual
Collection Costs, underwriter discount, fees charged by the Texas Attorney General, and any other cost or
expense directly associated with the establishment of the District and/or the issuance of Bonds.
"Estimated Buildout Value" means the estimated buildout value of an Assessed Property at the time
Assessments are levied, and shall be determined by the Administrator and confirmed by the City Council by
considering such factors as density, lot size, proximity to amenities, view premiums, location, market conditions,
historical sales, builder contracts, discussions with homebuilders, reports from third party consultants, or any
other information that may impact value.
"Indenture" means an Indenture of Trust entered into in connection with the issuance of Bonds, as amended or
supplemented from time to time, between the City and the Trustee setting forth terms and conditions related
to the Bonds.
"Landowner Agreement" means that certain Landowner Agreement between the City and Owner dated March
22, 2022.
"Lot" means (1) for any portion of the District for which a subdivision plat has been recorded in the official
public records of the County, a tract of land described as a "lot" in such subdivision plat, and (2) for any portion of
the District for which a subdivision plat has not been recorded in the official public records of the County, a tract
of land anticipated to be described as a "lot" in a final recorded subdivision plat as shown on a concept plan or
preliminary plat.
"Lot Type" All lot types at this time are the same with no classifications. Since the assessment is based on $0.15
per $100 valuation it will distribute the assessment fairly between the different sizes and types.
"Maximum Assessment" means the maximum assessment of $0.15 per $100 valuation for each of the lots.
Northwest Passage PID SAP 5
"Non-Benefitted Property" means Parcels within the boundaries of the District that accrue no special benefit
from Authorized improvements as determined by the City Council.
"Owner" means the non -City parties to the Landowner Agreement
"Parcel(s)" means a property, within the boundaries of the District, identified by either a tax map identification
number assigned by the Lubbock Central Appraisal District for real property tax purposes, by metes and bounds
description, by lot and block number in a final subdivision plat recorded in the official public records of the
County, or by any other means as determined by the City Council.
"PID Act" means Chapter 372, Texas Local Government Code, as amended.
"Bonds" mean those certain "City of Lubbock, Texas, Bonds (Northwest Passage Public Improvement District)",
and any other bonds issued in accordance with the PID Act, if applicable, that are secured by Assessments.
"Prepayment" means the payment of all or a portion of an Assessment before the due date thereof. Amounts
received at the time of a Prepayment which represent a payment of principal, interest, or penalties on a
delinquent installment of Assessment are not to be considered a Prepayment, but rather are to be treated as
a payment of the regularly scheduled Assessment.
"Prepayment Costs" mean interest, including Additional Interest, and Annual Collection Costs incurred up to
the date of Prepayment.
"Public Improvements" means those Authorized Improvements specifically described in Section III.A.
"Service Plan" covers a period of at least five years and defines the annual indebtedness and projected costs of
the Authorized Improvements, more specifically described in Section IV.
"Trustee" means the trustee (or successor trustee) under an Indenture.
Northwest Passage PID SAP 6
SECTION II: THE DISTRICT
The District includes approximately 992.06 acres within the corporate limits of the City, as described
legally by metes and bounds on Exhibit A and as depicted by the map on Exhibit B. Development of
the District is anticipated to include 4400 single-family homes.
SECTION III: AUTHORIZED IMPROVEMENTS
The City, based on information provided by the Owner and its engineer and review by the City staff,
determined that the Authorized Improvements confer a special benefit on the Assessed Property.
Public Improvements will be designed and constructed in accordance with City standards and will be
owned and operated by the City once accepted unless specifically stated below. The budget for the
Authorized Improvements, as well as the allocation of the Actual Costs of the Authorized
Improvements, is shown on Exhibit C.
A. Public Improvements
■ Drainage
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and boxes,
headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as all related
earthwork, excavation, and erosion control necessary to provide storm drainage for all Lots in the
District.
■ Soft Costs/Contingency/Project Management
Includes 23% soft costs, contingency and project management fee.
B. District Formation and Bond Issuance Costs
■ Debt Service Reserve Requirement
Equals the amount required to fund a reserve under the Indenture in connection with the issuance of
Bonds.
■ Capitalized Interest
Equals the amount of capitalized interest available for payment of interest on Bonds as reflected in
the Indenture.
■ Underwriter's Discount
Equals a percentage of the par amount of a particular series of Bonds and includes a fee for
underwriter's counsel.
Northwest Passage PID SAP 7
■ Cost of Issuance
Costs associated with issuing Bonds, including but not limited to attorney fees, financial advisory
fees, consultant fees, appraisal fees, printing costs, publication costs, City costs, fees charged by
the Texas Attorney General, and any other cost or expense directly associated with the issuance
of Bonds.
■ District Formation
Expenses directly associated with forming the District including 1st year Annual Collection Costs.
SECTION IV: SERVICE PLAN
The PID Act requires the Service Plan to cover a period of at least five years. The Service Plan is required
to define the projected costs and annual indebtedness for the Authorized Improvements undertaken
within the District during the five-year period. The Service Plan shall be updated in each Annual Service
Plan Update. Exhibit D summarizes the Service Plan for the District.
Exhibit E summarizes the sources and uses of funds required to construct certain Authorized
Improvements. Exhibit E will be updated to show the amount required to fund the required reserves and
issue the Bonds at the time the Bonds are issued. The sources and uses of funds shown on Exhibit E shall
be updated in each Annual Service Plan Update.
SECTION V: ASSESSMENT PLAN
The PID Act requires the City to apportion the Actual Costs of the Authorized Improvements to the
Assessed Property based on the special benefit received from the Authorized Improvements. The PID Act
provides that such costs may be apportioned: (1) equally per front foot or square foot; (2) according to
the value of property as determined by the City, with or without regard to improvements constructed on
the property; or (3) in any other manner approved by the City that results in imposing equal shares of such
costs on property similarly benefited. The PID Act further provides that the governing body may establish
by ordinance or order reasonable classifications and formulas for the apportionment of the cost between
the municipality and the area to be assessed and the methods of assessing the special benefits for various
classes of improvements.
This section of this 2023 Amended SAP describes the special benefit received by each Assessed Property
within the District as a result of the Authorized Improvements and provides the basis and justification
for the determination that this special benefit exceeds the amount of the Assessments levied on the
Assessed Property for such Authorized Improvements.
The determination by the City of the assessment methodologies set forth below is the result of the
Northwest Passage PID SAP 8
discretionary exercise by the City Council of its legislative authority and governmental powers and is
conclusive and binding on the Owner and all future owners and developers of the Assessed Property.
A. Assessment Methodology
The City Council, acting in its legislative capacity based on information provided by the Developer and
its engineer and reviewed by the City staff, has determined that the costs of the Authorized
Improvements shall be allocated to each Parcel based on the Estimated Buildout Value of each Parcel.
Upon subdivision of an Assessed Property, the Actual Costs of the Authorized Improvements shall be
reallocated based on Estimated Buildout Value but assessments will be based on actual taxable value as
furtherdescribed in Section VI.
B. Assessments
Assessments will be levied on the Assessed Property according to the Assessment Roll, attached hereto
as Exhibit F. The projected Annual Installments are shown on Exhibit G, subject to revisions made during
any Annual Service Plan Update.
C. Findings of Special Benefit
The City Council, acting in its legislative capacity based on information provided by the Owner and its
engineer and reviewed by the City staff, has found and determined:
■ The costs of the Improvements equals $41,775,434 as shown on Exhibit C; and
■ The Assessed Property receives special benefit equal to or greater than the Improvements; and
■ The Assessed Property was allocated 100% of the Assessments levied for the Authorized
Improvements, which equals $14,732,013 (Principal and Interest only) as shown on Exhibit M; and
■ The special benefit ($41,775,434) received by the Assessed Property from the Improvements is
greater than the amount of Assessments ($14,732,013) levied on the Assessed Property for the
Improvements; and
■ At the time the City Council approved the Assessment Ordinance, the Owner owned 100% of the
Parcels. In the Landowner Agreement with the City, the Owner acknowledged that the Authorized
Improvements confer a special benefit on the Assessed Property and consented to the imposition of
the Assessments to pay for the Actual Costs associated therewith. The Owner ratified, confirmed,
accepted, agreed to, and approved (1) the determinations and findings by the City Council as to the
special benefits described herein and in the Assessment Ordinance, (2) the 2022 SAP and the
Assessment Ordinance, and (3) the levying of the Assessments on the Assessed Property.
Annual Collection Costs
The Annual Collection Costs shall be paid for on a pro rata basis by each Assessed Property based on
the amount of outstanding Assessment remaining on the Assessed Property. The Annual Collection
Costs shall be collected as part of and in the same manner as Annual Installments in the amounts
shown on the Assessment Roll, which may be revised based on Actual Costs incurred in Annual
Service Plan Updates.
Northwest Passage PID SAP 9
D. Additional Interest
The interest rate on Assessments levied on the Assessed Property may exceed the interest rate on
the Bonds by the Additional Interest Rate. Additional Interest shall be collected as part of each Annual
Installment and shall be deposited pursuant to the Indenture.
SECTION VI: TERMS OF THE ASSESSMENTS
A. Reallocation of Assessments
1. Upon Division Prior to Recording of Subdivision Plat or Upon Subdivision by a Recorded Subdivision
Plat
Upon the division of any Assessed Property (without the recording of subdivision plat), the
Administrator shall reallocate the Assessment for the Assessed Property prior to the division
among the newly divided Assessed Properties according to the following formula:
A=Bx(C=D)
Where the terms have the following meanings:
A = the Assessment for the newly divided Assessed Property B
= the Assessment for the Assessed Property prior to division
C = the Estimated Buildout Value of the newly divided Assessed Property
D = the sum of the Estimated Buildout Value for all the newly divided Assessed Properties
The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for
the Assessed Property prior to subdivision. The calculation shall be made separately for each newly
divided Assessed Property. The reallocation of an Assessment for an Assessed Property that is a
homestead under Texas law may not exceed the Assessment prior to the reallocation. Any reallocation
pursuant to this section shall be reflected in the next Annual Service Plan Update and update to this
Service and approved by the City Council.
2. Upon Consolidation
If two or more Lots or Parcels are consolidated, the Administrator shall allocate the Assessments
against the Lots or Parcels before the consolidation to the consolidated Lot or Parcel, which allocation
shall be approved by the City Council in the next Annual Service Plan Update.
The Assessment for any resulting Lot will not exceed the Maximum Assessment, shown on Exhibit H, and
compliance may require a mandatory prepayment of Assessments pursuant to Section VI.B.
B. True -up of Assessments if Maximum Assessment Exceeded
If the subdivision of any Assessed Property by a final subdivision plat causes the Assessment per Lot for
any Lot Type to exceed the Maximum Assessment, the owner of Assessed Property requesting the
Northwest Passage PID SAP 10
subdivision must prepay the portion of the Assessment for each Assessed Property that exceeds the
Maximum Assessment in an amount sufficient to reduce the Assessment to the Maximum Assessment.
C. Mandatory Prepayment of Assessments
If Assessed Property is transferred to a person or entity that is exempt from payment of the Assessments,
the owner transferring the Assessed Property shall pay to the City or the Administrator on behalf of the
City the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection
Costs, if any, for such Assessed Property, prior to the transfer. If the owner of the Assessed Property causes
the Assessed Property to become Non-Benefitted Property, the owner causing the change in status shall
pay the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection
Costs, if any, prior to the change in status.
D. Reduction of Assessments
If as a result of cost savings or Authorized Improvements not being constructed, the Actual Costs of
completed Authorized Improvements are less than the Assessments, (i) in the event Bonds are not issued,
the City Council shall reduce each Assessment on a pro-rata basis such that the sum of the resulting
reduced Assessments for all Assessed Property equals the reduced Actual Costs, or (ii) in the event Bonds
are issued, the Trustee shall apply amounts on deposit in the applicable account of the Project Fund,
relating to the Bonds, that are not expected to be used for purposes of the Project Fund to redeem
outstanding Bonds, in accordance with the applicable Indenture.
The Assessments shall not, however, be reduced to an amount less than the outstanding Bonds.
The Administrator shall update (and submit to the City Council for review and approval as part of the next
Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments, as shown on
Exhibits F, and G, to reflect the reduced Assessments.
E. Prepayment of Assessments
The owner of the Assessed Property may pay, at any time, all or any part of an Assessment in accordance
with the PID Act. Interest costs from the date of prepayment to the date of redemption of the applicable
Bonds, if any, may be paid from a reserve established under the applicable Indenture. If an Annual
Installment has been billed prior to the Prepayment, the Annual Installment shall be due and payable and
shall be credited against the Prepayment.
If an Assessment is pre -paid in full, with Prepayment Costs: (1) the Administrator shall cause the
Assessment to be reduced to zero and the Assessment Roll to be revised accordingly; (2) the Administrator
shall cause the revised Assessment Roll to be approved by the City Council as part of the next Annual
Service Plan Update; and (3) the obligation to pay the Assessment and corresponding Annual Installments
shall terminate.
If an Assessment is pre -paid in part, with Prepayment Costs: (1) the Administrator shall cause the
Assessment to be reduced and the Assessment Roll revised accordingly; (2) the Administrator shall cause
the revised Assessment Roll to be approved by the City Council as part of the next Annual Service Plan
Update; and (3) the obligation to pay the Assessment and corresponding Annual Installments shall be
reduced to the extent of the Prepayment made.
F. Prepayment as a result of Eminent Domain Proceeding or Taking
Northwest Passage PID SAP 11
If any portion of any Parcel of Assessed Property is taken from an owner as a result of eminent domain
proceedings or if a transfer of any portion of any Parcel of Assessed Property is made to an entity with the
authority to condemn all or a portion of the Assessed Property in lieu of or as a part of an eminent domain
proceeding (a "Taking"), the portion of the Assessed Property that was taken or transferred (the "Taken
Property") shall be reclassified as Non-Benefitted Property.
For the Assessed Property that is subject to the Taking as described in the preceding paragraph, the
Assessment that was levied against the Assessed Property (when it was included in the Taken Property)
prior to the Taking shall remain in force against the remaining Assessed Property (the Assessed Property
less the Taken Property), (the "Remaining Property") following the reclassification of the Taken Property
as Non-Benefitted Property, subject to an adjustment of the Assessment applicable to the Remaining
Property after any required Prepayment as set forth below. The owner will remain liable to pay in Annual
Installments, or payable as otherwise provided by this Service and Assessment Plan, as updated, or the
PID Act, the Assessment that remains due on the Remaining Property, subject to an adjustment in the
Annual Installments applicable to the Remaining Property after any required Prepayment as set forth
below. Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property
exceeds the Maximum Assessment, the owner will be required to make a Prepayment in an amount
necessary to ensure that the Assessment against the Remaining Property does not exceed the Maximum
Assessment, in which case the Assessment and Annual Installments applicable to the Remaining Property
will be reduced by the amount of the partial Prepayment. In all instances the Assessment remaining on
the Remaining Property shall not exceed the Maximum Assessment.
By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100 Assessment and
10 acres is taken through a Taking, the 10 acres of Taken Property shall be reclassified as Non-Benefitted
Property and the remaining 90 acres of Remaining Property shall be subject to the $100 Assessment,
(provided that this $100 Assessment does not exceed the Maximum Assessment on the Remaining
Property). If the Administrator determines that the $100 Assessment reallocated to the Remaining
Property would exceed the Maximum Assessment on the Remaining Property by $10, then the owner
shall be required to pay $10 as a Prepayment of the Assessment against the Remaining Property and the
Assessment on the Remaining Property shall be adjusted to be $90 and the Annual Installments adjusted
accordingly.
Notwithstanding the previous paragraphs in this subsection (F), the Assessments shall not, however, be
reduced to an amount less than the outstanding Bonds.
G. Payment of Assessment in Annual Installments
Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit G shows the
projected Annual Installments for the District. Annual Installments are subject to adjustment in each
Annual Service Plan Update.
The Administrator shall prepare and submit to the City Council for its review and approval an Annual
Service Plan Update to allow for the billing and collection of Annual Installments. Each Annual Service Plan
Update shall include updated Assessment Rolls and updated calculations of Annual Installments. Annual
Collection Costs shall be allocated pro rata among Assessed Properties for which the Assessments remain
unpaid in proportion to the amount of the Annual Installments for the Assessed Property. Annual
Installments shall be collected by the City in the same manner and at the same time as ad valorem taxes.
Annual Installments shall be subject to the penalties, procedures, and foreclosure sale in case of
Northwest Passage PID SAP 12
delinquencies asset forth in the PID Act and in the same manner as ad valorem taxes for the City. The
City Council may provide for other means of collecting Annual Installments. Assessments shall have
the lien priority specified in the PID Act.
Sales of the Assessed Property for nonpayment of Annual Installments shall be subject to the lien for
the remaining unpaid Annual Installments against the Assessed Property, and the Assessed Property
may again be sold at a judicial foreclosure sale if the purchaser fails to timely pay the Annual
Installments as they become due and payable.
The City reserves the right to refund Bonds in accordance with the PID Act. In the event of a refunding,
the Administrator shall recalculate the Annual Installments so that total Annual Installments will be
sufficient to pay the refunding bonds, and the refunding bonds shall constitute "Bonds."
Each Annual Installment of an Assessment, including interest on the unpaid principal of the
Assessment, shall be updated annually. Each Annual Installment shall be due when billed and shall
be delinquent if not paid prior to February 1 of the following year. Failure of an owner of Assessed
Property to receive an invoice for an Annual Installment on the property tax bill or otherwise shall
not relieve the owner of Assessed Property of the obligation to pay the Assessment. Assessments, or
Annual Installments thereof, that are delinquent shall incur Delinquent Collection Costs.
SECTION VII: ASSESSMENT ROLL
The Assessment Roll is attached as Exhibit F. The Administrator shall prepare and submit to the City
Council for review and approval, proposed revisions to the Assessment Roll and Annual Installments for
each Parcel within the Assessed Property as part of each Annual Service Plan Update.
SECTION Vill: ADDITIONAL PROVISIONS
A. Calculation Errors
If the owner of an Assessed Property claims that an error has been made in any calculation
required by this 2023 Amended SAP, including, but not limited to, any calculation made as part
of any Annual Service Plan Update, the sole and exclusive remedy of the owner of Assessed
Property shall be to submit a written notice of error to the Administrator by December of
each year following City Council approval of the calculation; otherwise, the owner shall be
deemed to have unconditionally approved and accepted the calculation. Upon receipt of a
written notice of error from an owner the Administrator shall provide a written response to
the City Council and the owner within 30 days of such referral. The City Council shall consider
the owner's notice of error and the Administrator's response at a public meeting, and within
30 days after adjourning such meeting, the City Council shall make a final determination as to
Northwest Passage PID SAP 13
whether an error has been made. If the City Council determines that an error has been made, the City
Council shall take such corrective action as is authorized by the PID Act, this 2023 Amended SAP, the
applicable Assessment Ordinance, or the applicable Indenture, or is otherwise authorized by the
discretionary power of the City Council. The determination by the City Council as to whether an error
has been made, and any corrective action taken by the City Council, shall be final and binding on the
owner and the Administrator.
B. Amendments
Amendments to this 2023 Amended SAP must be made by the City Council in accordance with the PID
Act. To the extent permitted by the PID Act, this 2023 Amended SAP may be amended without
notice to owners of the Assessed Property: (1) to correct mistakes and clerical errors; (2)
to clarify ambiguities; and (3) to provide procedures to collect Assessments, Annual
Installments, and other charges imposed by this 2023 Amended SAP.
C. Administration and Interpretation
The Administrator shall: (1) perform the obligations of the Administrator as set forth in this 2023 Amended
SAP;
(2) administer the District for and on behalf of and at the direction of the City Council; and (3)
interpret the provisions of this 2023 Amended SAP. Interpretations of this 2023 Amended SAP
by the Administrator shall be in writing and shall be appealable to the City Council by
owners of Assessed Property adversely affected by the interpretation.
Appeals shall be decided by the City Council after providing an opportunity for all interested
parties to be heard at a public meeting of the City Council. Decisions by the City Council shall be
final and binding on the owners and developers and their successors and assigns.
D. Severability
If any provision of this 2023 Amended SAP is determined by a governmental agency or court
to be unenforceable, the unenforceable provision shall be deleted and, to the maximum
extent possible, shall be rewritten to be enforceable. Every effort shall be made to enforce
the remaining provisions.
Northwest Passage PID SAP 14
LIST OF EXHIBITS
Exhibit A District Legal Description District
Exhibit B Boundary Map
Exhibit C Authorized Improvements
Exhibit D Service Plan - Five Year Plan
Exhibit E Service Plan - Sources and Uses
Exhibit F Assessment Roll
Exhibit G Estimated Annual Installments
Exhibit H Maximum Assessment per Lot Type
Exhibit 1 Estimated Allocation of Public Improvement Costs by Tract
Exhibit J Estimated Debt Service Schedule
Northwest Passage PID SAP 15
EXHIBIT A- DISTRICT LEGAL DESCRIPTION
Tract 1 (Northwest Quadrant):
METES AND BOUNDS DESCRIPTION of a 476.102-acre tract located in Section 11, Block 1S, Abstract 343,
Lubbock County, Texas, being a portion of that 727.417-acre tract described in Volume 10351, Page 176,
Official Public Records of Lubbock County, Texas (OPRLCT), said 476.102-acre tract being further described
as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in a West line of that 17.40-acre
street right-of-way dedication as described in County Clerk File Number (CCFN) 2012043729, OPRLCT,
having a grid coordinate of N-7289808.60, E-926282.74, Texas Coordinate System of 1983, North-Central
Zone, which point bears N. 88°14'14" W. a distance of 548.88 feet from a broken nail found at the common
comer of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A, Lubbock County, Texas;
THENCE N. 88°14'14" W, along the South line of said Section 11 and the North line of said Section 6, same
being a South line of said 727.417-acre tract a distance of 2580.70 feet to a 1/2" iron rod found at the
Southeast comer of that property conveyed to Elizabeth Montalvo in Volume 6202, Page 313, OPRLCT and
a comer of said 727.417-acre tract;
THENCE N. 01°43'53" E., along a line of said 727.417-acre tract and an East line of said Montalvo property,
at 50.00 feet pass the North right-of-way line of Ursuline Street as described in Volume 1213, Page 346,
OPRLCT, continuing for a total distance of 625.08 feet to a metal fence post found at a comer of said
727.417-acre tract and the most Easterly Northeast comer of said Montalvo property;
THENCE N. 88°13'31" W., along a line of said 727.417-acre tract and a North line of said Montalvo property
a distance of 1204.98 feet to a metal fence post found at a comer of said 727.417-acre tract and an "ell"
comer of said Montalvo property;
THENCEN. 01°47'44" E., along a line of said 727.417-acre tract and an East line of said Montalvo property
and the East lines of those tracts described in Volume 8455, Page 307, Volume 4150, Page 74, and Volume
4150, Page 76, OPRLCT, a distance of 2014.64 feet to a fence post found in the South line of that 14.809-
acre tract described in Volume 9594, Page 191, OPRLCT, at an "ell" comer of said 727.417-acre tract;
THENCE S. 88014'37" E., along a line of said 727.417-acre tract and the South line of said 14.809- acre tract
a distance of 796.21 feet to a 1/2" iron rod with cap (Newton) found at a comer of said 727.417-acre tract
and the Southeast comer of said 14.809-acre tract;
THENCE N. 01°43'22" E., along a line of said 727.417-acre tract and the East line of said 14.809- acre tract
a distance of 369.94 feet to a 1/2" iron rod with cap (Newton) found at a comer of said 727.417-acre tract
and the Northeast comer of said 14.809-acre tract;
A-1
Northwest Passage PID SAP 16
THENCE N. 88°14'23" W., along a line of said 727.417-acre tract and the North line of said 14.809-acre tract,
at 1682.32 feet pass the East right-of-way line of Frankford Avenue (FM 2528) as described in Volume 1012,
Page 465, OPRLCT, continuing for a total distance of 1742.32 feet to a cotton spindle found in the West line
of said Section 11, at a comer of said 727.417-acre tract and the Northwest comer of said 14.809-acre tract;
THENCE N. 01°44'18" E., along the West line of said Section 11 and a West line of said 727.417- acre
tract a distance of 2269.05 feet to a cotton spindle found at the Northwest comer of said Section 11
and the Northwest comer of said 727.417-acre tract;
THENCE S. 88°05'04" E., along a North line of said 727.417-acre tract and the North line of said Section 11
a distance of 2080.26 feet to a 40-penny nail found at a comer of said 727.417-acre tract and the Northwest
comer of that 5-acre tract described in Volume 7040, Page 170, OPRLCT;
THENCE S. 01°55'34" W., along a line of said 727.417-acre tract and the West line of said 5-acre tract, at
50.00 feet pass the South right-of-way line of Kent Street as described in Volume 1012, Page 563, OPRLCT,
continuing for a total distance of 926.74 feet to a 3/8" iron rod found at the Southwest comer of said 5-
acre tract and a comer of said 727.417-acre tract;
THENCE S. 88°03'33" E., along a line of said 727.417-acre tract and the South line of said 5-acre tract
a distance of 234.68 feet to a 1/2" iron rod with cap (RPLS 4579) found at the Southeast comer of said
5-acre tract and a comer of said 727.417-acre tract;
THENCE N. 01°56'30" E., along the East line of said 5-acre tract and a line of said 727.417-acre tract, at
876.85 feet pass the South right-of-way line of said Kent Street, continuing for a total distance of 926.85
feet to a 60-penny nail found in the North line of said Section 11 and a North line of said 727.417-acre tract
at the Northeast comer of said 5-acre tract;
THENCE S. 88*05'04" E., along the North line of said Section 11 and a North line of said 727.417- acre tract
a distance of 819.69 feet to a concrete nail found in the Southwesterly right-of-way line of U.S. Highway 84
(Clovis Road) at a comer of said 727.417-acre tract;
THENCE S. 01°57'08" W., along said Southwesterly right-of-way line and a line of said 727.417- acre tract a
distance of 50.00 feet to a 1/2" iron rod with cap (Newton) found;
THENCE S. 77°32'31" E., continuing along said right-of-way and a line of said 727.417-acre tract a distance
of 283.34 feet to a concrete right-of-way marker found;
THENCE S. 58'11'23" E., continuing along said right-of-way and a line of said 727.417-acre tract a
distance of 1353.47 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the West
right-of-way line of Slide Road, same being the West line of said 17.40-acre tract;
THENCE Southeasterly, along said right-of-way line, along a curve to the left, said curve having a radius
of 1575.00 feet, a central angle of 61°23'03", a chord bearing of S. 00°16'32" E., a chord distance of
1607.84 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of tangency;
A-2
Northwest Passage PID SAP 17
THENCE S. 30°58'04" E., continuing along said right-of-way line a distance of 534.62 feet to a
112" iron rod found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said curve having
a radius of1425.00 feet, a central angle of 32°18'04", a chord bearing of S. 14°49'02" E., a chord distance of
792.76 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of tangency;
THENCE S. 01°20'00" W., continuing along said right-of-way line a distance of 1180.93 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE S. 04°11'44" W., continuing along said right-of-way line a distance of 200.25 feet to a
112" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE S. 01°20'00" W., continuing along said right-of-way line a distance of 208.00 feet to a
112" iron rod found at a point of intersection;
THENCE S. 46°32'53" W., continuing along said right-of-way line a distance of 42.27 feet to a 112" iron rod
with cap marked "HUGO REED & ASSOC" found at a point of intersection in the North right-of-way line of
Ursuline Street;
THENCE N. 88°14'14" W., continuing along said right-of-way line a distance of 397.10 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 01°45'46" W., continuing along said right-of-way line, at 5.00 feet pass the North right-of-way
line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of
55.00 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 2 (Northeast Quadrant):
METES AND BOUNDS DESCRIPTION of a 230.125-acre tract located in Sections 11, Block JS, Abstract 343,
and Section 14, Block A, Abstracts 861 and 1332, Lubbock County, Texas, being a portion of that 727.417-
acre tract described in Volume 10351, Page 176, Official Public Records of Lubbock County, Texas (OPRLCT),
and a portion of that 286.14-acre tract described in Volume 10351, Page 183, OPRLCT, said 230.125-
acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in an East line of that 17.40-
acre street right-of-way dedication as described in County Clerk File Number (CCFN) 2012043729, OPRLCT,
having a grid coordinate of N-7289776.71, E-927306.98, Texas Coordinate System of 1983, North-Central
Zone, which point bears S. 88°11'41" E. a distance of 476.10 feet from a broken nail found at the common
corner of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A, Lubbock County, Texas;
A-3
Northwest Passage PID SAP 18
THENCE N. 01*48' 19" E., along an East line of said 17.40-acre tract, at 50.00 feet pass the North right-of-
way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance
of 55.00 feet to a 112" iron rod with cap marked "HUGO REED & ASSOC" set for a corner of said 17.40-acre
tract in the North right-of-way line of Ursuline Street;
THENCE N. 85°19'56" W., along said right-of-way line a distance of 200.25 feet to a 1/2" iron rod with
cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°11'41" W., continuing along said right-of-way line a distance of 208.00 feet to a 112" iron
rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE N. 43°25'50" W., continuing along said right-of-way line a distance of 42.60 feet to a "crow's foot"
chiseled in concrete for a point of intersection in the East right-of-way line of Slide Road, same being the
East line of said 17.40-acre tract;
THENCE N. 01°20'00" E., along said right-of-way line a distance of 1580.17 feet to a 112" iron rod with cap
marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the left, said curve
having a radius of 1575.00 feet, a central angle of 32°18'04", a chord bearing of N. 14°49'02" W., a
chord distance of 876.21 feet to a 112" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of tangency;
THENCE N. 30'58'04" W., continuing along said right-of-way line a distance of 534.62 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the right, said curve
having a radius of 1425.00 feet, a central angle of 44°23'25", a chord bearing of N. 08'46'22" W., a
chord distance of 1076.62 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" set for a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said curve
having a radius of 1478.85 feet, a central angle of 06°54'41", a chord bearing. of N. 20*13 '30" E., a
chord distance of 178.28 feet to a 112" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said curve
having a radius of 1415.00 feet, a central angle of 09°38'59", a chord bearing of N. 25'26'03" E., a
chord distance of 238.03 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found in the Southwesterly right-of-way line of U.S. Highway 84 (Clovis Road), in a Northerly line
of said 727.417-acre tract;
THENCE S. 58°11'34" E., along said Clovis Road right-of-way line and a Northerly line of said 727.417-acre
tract a distance of 644.87 feet to a 1/2" iron rod with cap marked "HUGO REED &
A-4
Northwest Passage PID SAP 19
ASSOC" found in the East line of said Section 11 and the West line of said Section 14, at a comer of said
727.417-acre tract
THENCE S. 01045'00" W., along the East line of said Section 11 and the West line of said Section 14 and a
line of said 727.417-acre tract a distance of 1447.24 feet to a 112" iron rod with cap marked "HUGO REED
& ASSOC" set for a comer of said 727.417-acre tract;
THENCE S. 88°11'29" E., along a line of said 727.417-acre tract a distance of 1696.26 feet to a 5/8" iron rod
found at a comer of said 727.417-acre tract;
THENCE S. 01°50'26" W., along a line of said 727.417-acre tract a distance of 333.98 feet to a 112" iron pipe
found at a comer of said 727.417-acre tract;
THENCE S. 88°08'32" E., along a line of said 727.417-acre tract a distance of 311.55 feet to a chain -link
fence post found at a comer of said 727.417-acre tract;
THENCE S. 55°08'25" E., along a line of said 727.417-acre tract a distance of 3142.70 feet to a 112" iron rod
with cap marked "HUGO REED & ASSOC" found at the Northwest plat limits of Tract "A", LP&L Northwest
Substation Addition as recorded in CCFN 2008042914, OPRLCT;
THENCE S. 01*48' 11" W., along said West plat limits, at 541.59 feet pass the North right-of-way line of
Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of 591.59
feet to a 112" iron rod found in the South line of said Section 14 and the South line of said 727.417-acre
tract at the Southwest plat limits comer of said Tract "A" and the Southeast comer of this tract;
THENCE N. 88°11'41" W., along the South line of said Section 14 and the South line of said 727.417-acre
tract a distance of 4164.33 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 3 (Southwest Quadrant, excluding portion in the North Pointe PID):
METES AND BOUNDS DESCRIPTION of a 318.340-acre being a portion of that 160.139-acre tract located in
Section 6, Block JS, Abstract 1492, Lubbock County, Texas, described in Volume 9785, Page 28, Official
Public Records of Lubbock County, Texas (OPRLCD, and a portion of that 153.864-acre tract located in
Section 6, Block JS, Lubbock County, Texas, Abstract 1516, described in County Clerk File Number (CCFN)
2006043021, and that tract located in said Section 6 described in Volume 10263, Page 222, OPRLCT, and a
portion of that 303.29-acre tract located in Section 5, Block JS, Lubbock County, Texas, Abstract 346,
described in Volume 10016, Page 135, OPRLCT, said 318.340-acre tract being further described as follows:
BEGINNING at a 112" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection in
the South right-of-way line of Ursuline Street, same being a line of that 17.40-acre street right-of-way
dedication as described in CCFN 2012043729, OPRLCT, having a grid
A-5
Northwest Passage PID SAP 20
coordinate of N-7289731.09, E-926687.46, Texas Coordinate System of 1983, North-Central Zone, which
point bears N. 88°14'14" W. a distance of 140.88 feet and S. 01°45'46" W. a distance of 65.00 feet from a
broken nail found at the common corner of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A,
Lubbock County, Texas;
THENCE S. 43°27'07" E., along a line of said 17.40-acre tract a distance of 42.59 feet to an "X" chiseled in
concrete set for a point of intersection in the West right-of-way line of Slide Road;
THENCE S. 01°20'00" W., along said West right-of-way line a distance of 574.41 feet to a 1/2" iron rod with
cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the left, said curve having
a radius of 1575.00 feet, a central angle of 30°31'25", a chord bearing of S. 13°55'42" E., a chord distance
of 829.17 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of tangency;
THENCE S. 29°11'25" E., continuing along said right-of-way line a distance of 179.80 feet to a 1/2" iron rod
with cap marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said curve having
a radius of 1425.00 feet, a central angle of 30°57'31", a chord bearing of S. 13°42'39" E., a chord distance
of 760.64 feet to a 1/2" iron rod found at a point of tangency;
THENCE S. 01°46'06" W., continuing along said right-of-way line a distance of 336.59 feet to a 1/2" iron rod
with cap marked "HUGO REED & ASSOC" set in the North line of a 20-foot alley dedicated by plat of Lots
535-707, North Pointe Addition to the City of Lubbock as recorded in CCFN 2006045605, OPRLCT;
THENCE N. 88°08'27" W., along the North line of said alley a distance of 228.93 feet to a 1/2" iron rod with
cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 43°08'27" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°08'27" W., continuing along the North line of said alley a distance of 56.00 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 46°51'33" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°08'27" W., continuing along the North line of said alley a distance of 110.10 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection in the West line of said
Section 5 and the East line of said Section 6;
THENCE N. 88°09'58" W., continuing along the North line of said alley a distance of 709.89 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
A-6
Northwest Passage PID SAP 21
THENCE N. 43°09'58" W., continuing along the North line of said alley a distance of 14.14 feet to a point of
intersection;
THENCE N. 88°09'58" W., continuing along the North line of said alley a distance of 52.00 feet to a point of
intersection
THENCE S. 46°50'02" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°09'58" W., continuing along said alley line a distance of 539.58 feet to a point of intersection
in the West plat limits of said North Pointe Addition and the East plat limits of Lots 191-290 and Tracts C
and D, Lynnwood Addition to the City of Lubbock as recorded in Volume 9847, Page 139, OPRLCT;
THENCE N. 01°36'04" E., along the East plat limits of said Lynnwood Addition a distance of
49.77 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the South line of said
153.864-acre tract at the Northeast comer of the plat limits of said Lynnwood Addition;
THENCE N. 88°01'32" W., along the North plat limits of said Lynnwood Addition a distance of
1325.36 feet to a "MAG" nail with shiner (AMD) found at the Northwest comer of said plat limits, at the
Southwest comer of said 160.139-acre tract and the Southeast comer of said 153.864-acre tract;
THENCE N. 88°05'46" W., along the South line of said 153.864-acre tract, at 1320.00 feet pass a 1/2" iron
rod found, continuing at 2130.37 feet pass the Northeast comer of Tract "A", Broadview Baptist Church
Addition as recorded in Volume 1685, Page 894, OPRLCT, continuing along the North line of said Tract "A"
for a total distance of 2579.92 feet to a 1/2" iron rod found in the East right-of-way line of Frankford Avenue
(FM 2528) at the Southwest comer of said 153.864-acre tract and the Southwest comer of this tract;
THENCE N. 01°56'10" E., along said East right-of-way line and the West line of said 153.864- acre tract
a distance of 2573.17 feet to a 1/2" iron rod found in the South right-of-way line of Ursuline Street as
described in CCFN 2011027661, OPRLCT, at the Northwest comer of this tract;
THENCE S. 88°14'14" E., along the South right-of-way line of said Ursuline Street, at 2285.20 feet pass the
West line of that tract described in Volume 10263, Page 222, at 2580.37 feet pass the East line of same
tract and the West line of said 160.319-acre tract, continuing for a total distance of 4671.95 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 85022'29" E., continuing along said right-of-way line a distance of 200.25 feet to a 1/2" iron rod
with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 88*14' 14" E., continuing along said right-of-way line a distance of 208.00 feet to the Point of
Beginning.
A-7
Northwest Passage PID SAP 22
SAVE & EXCEPT: Any portion of Tract 3 located in Section 5, Block JS, Lubbock County, Texas, Abstract 346,
described in Volume 10016, Page 135, OPRLCT that is also currently located in the North Pointe PID.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 4 (Small strip adjoining Southwest Quadrant):
All of the portion of Tract 5 described in the Deed to Petitioner filed in CCFN 2021019386, OPRLCT not
currently located in the North Point PID (for further clarification, this tract is generally described as a strip
located north of, and adjacent to, the alley north of Marshall Avenue, adjacent to Tract 3 described above.)
Northwest Passage PID SAP 23
EXHIBIT B — BOUNDARY MAP
Northwest Passage Public Improvement District
II
Proposed PM Boundary
Parcels
Lot -Block Lines
Fes t
0 500 two 2oDD 3000
c
8431202+ 1
Lubbock
nrn
Northwest Passage PID SAP 24
EXHIBIT C —AUTHORIZED IMPROVEMENTS
% Cost
Public Improvements
Drainage (Includes Soft Costs,
Contingency and Project Management 40,825,434
40,825,434
District Formation and Bond Issuance Costs
Debt Service Reserve Fund - -
Capitalized Interest - -
Underwriter Discount 200,000 200,000
Cost of Issuance 250,000 250,000
450,000 450,000
Total 41,275,434 25.28% 10,435,000
Footnotes
[a] Costs allocated based on estimated buddout value. see Exhibit M for calculation of allocation percentages
These are estimates only. They will change
Northwest Passage PID SAP 25
EXHIBIT D - SERVICE PLAN - FIVE YEAR PLAN
Northwest Passage PID
Fiscal Year FY 2022-23
FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27
FY 2027-28
FY 2028-29
Annual Installments Due 1/31/2023
1/31/2024 1/31/2025 1/31/2026 1/31/2027
1/31/2028
1/31/2029
Principal
$
365,000
380,000
Interest
368,965
355,966
Total Debt Service
-
-
-
-
-
733,965
735,966
Annual Collection Costs
8,647
20,000
25,000
25,500
26,010
26,530
27,061
Additional Reserve
(7,562)
(16,920)
232,819
524,797
711,015
108,488
256,094
Total Annual Installment
$ 11085
3,080
257,819
550,297
737,025
868,983
1,019,120
Future years are estimates only.
Northwest Passage PI SAP 26
EXHIBIT E - SERVICE PLAN - SOURCES AND USES
SOURCES
Bond Par (b)
Premium
Owner Contribution (a)
TOTAL SOURCES
IMPROVEMENT
Improvement Project
Costs of Issuance
Underwriters Discount
Capitalized Interest
Reserve Fund
TOTAL USES
(a) Non -reimbursable to Owner
$ 10,435,000
30,840,434
$ 41,275,434
$ 40,825,434
250,000
200,000
$ 41,275,434
(b) The Owner is only entitled to reimbursement for the Actual Costs of
the Authorized Improvements in an amount equal to $10,435,000
The above are estimates only.
SUMMERLYN WEST 2020 A&R SAP 27
EXHIBIT F -ASSESSMENT ROLL
Tax Ref
No.
R342383
Value
3,289
PrincipalID
-
Collection
5
AdditionalAnnual
-
5
R343734
6,831
-
10
-
10
R343735
1,126, 310
-
-
1,689
-
1,689
R347099
9,661
-
-
14
-
14
R347100
70,262
105
105
R347102
82,800
124
124
R347103
277,080
416
416
R347522
291,930
438
438
R63099
50,413
-
-
76
-
76
R63214
70,492
-
-
106
-
106
R66307
46,716
-
-
70
-
70
R82421
1,472
-
-
2
-
2
R82485
16,025
1
1
1 24 1
24
2,053,281
-
-
3,080
-
3,080
SUMMERLYN WEST 2020 AM SAP 28
EXHIBIT G - ANNUAL INSTALLMENTS
2022
-
-
8,647
(7,562)
1,085
2023
-
20,000
(16, 920)
3,080
2024
-
25,000
232,819
257,819
2025
-
25,500
524,797
550,297
2026
-
26,010
711,015
737,025
2027
365,000
368,965
26,530
108,488
868,983
2028
380,000
355,966
27,061
256,094
1,019,120
2029
390,000
342,507
27,602
383,327
1,143, 436
2030
410,000
328,572
28,154
484,399
1,251,126
2031
420,000
314,145
28,717
514,660
1,277,523
2032
435,000
299,208
29,291
541,067
1,304,566
2033
455,000
283,742
29,877
552,662
1,321,281
2034
470,000
267,730
30,475
570,270
1,338,475
2035
485,000
251,152
31,084
588,860
1,356,095
2036
505,000
233,987
31,706
603,342
1,374,035
2037
520,000
216,215
32,340
623,943
1,392,499
2038
540,000
197,815
32,987
640,512
1,411,314
2039
560,000
178,765
33,647
658,151
1,430,562
2040
580,000
159,041
34,320
678,118
1,451,478
2041
600,000
138,619
35,006
726,425
1,500,050
2042
620,000
117,475
35,706
777,237
1,550,419
2043
640,000
95,584
36,420
830,646
1,602,650
2044
665,000
72,919
37,149
881,620
1,656,687
2045
685,000
49,452
37,892
(14,929)
757,415
2046
710,000
25,156
38,649
1,919
775, 724
10, 435, 000
4,297,013
749,771
11, 850, 959
27, 332, 743
[a] Interest is calculated at the rate of the Bonds.
[bl Annual Collection Costs estimated to escalate 2.00% annually.
Note: The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual
Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts
shown.
NORTHWEST PASSAGE PID 2022A&R SAP
EXHIBIT H - MAXIMUM ASSESSMENT PER LOT TYPE
NORTHWEST PASSAGE A&R SAP 30
EXHIBIT I - ALLOCATION OF PUBLIC IMPROVEMENT COSTS
Average
Estimated Total Extimated
..(Debt
Estimated
Average
Total Estimated
Assessment
Lot Type
Residential
of Lots
4,400
Value Per Lot (Taxable Value)
293,866.82 1,293,014,001
of Benefit
100.01yo $
Tract*
3,348.18
Interest)
$ 14,732,013.06
Tract 1
9
2,586,028
0.2%
1,473.20
29,464.03
Tract 2
334
98,269,064
7.6%
55,981.65
1,119,632.99
Tract 3
22
6,465,070
0.5%
3,683.00
73,660.07
Tract
955
280,584,038
21.7%
159,842.34
3,196,846.83
Tract 5
1,043
306,444,318
23.7%
174,574.35
3,491,487.10
Tract 6
708
208,175,254
16.1%
118,592.71
2,371,854.10
Tract 7
57
16,809,182
1.3%
9,575.81
191,516.17
Tract 8
634
186,194,016
14.4%
106,070.49
2,121,409.88
Tract 9
128
37,497,406
2.9%
21,361.42
427,228.38
Tract 10
207
60,771,658
4.7%
34,620.23
692,404.61
Tract 11
132
38,790,420
3.0%
22,098.02
441,960.39
Tract 12
123
36,204,392
2.8%
20,624.82
412,496.37
Tract 13
48
14,223,154
1.1%
8,102.61
162,052.14
4,400
293,867 1,293,014,001
. Assessment is $0.15 per $100valuation so each lot will have a different assessment based on value. The assessment rate could
be lower in later years.
This is a projection and can change each year when the Service and Assessment Plan is updated. The total estimated assessment
is based on 20years and an average amount for each lot. The actual will be different.
NORTHWEST PASSAGE A&R SAP 31
EXHIBIT -BOND DEBT SERVICE SCHEDULE
TAX & WW SYSTEMSURPLUS REV CO BDS, Series 2027
Dated Date: TBD
$10,435,000.00
NORTHWEST PASSAGE PID
FISCAL
TOTAL
YEAR
PRINCIPAL
INTEREST
REQUIREMENTS
2027-28
365,000.00
368,964.54
733,964.54
2028-29
380,000.00
355.965.53
735,965.53
2029-30
390,000.00
342,506.89
732,506.89
2030-31
410,000.00
328,572.38
738,572.38
2031-32
420.000.00
314,145.17
734,145.17
2032-33
435,000.00
299,207.83
734,207.83
2033-34
455.000.00
283.742.34
738,742.34
2034-35
470,000.00
267.730.01
737,730.01
2035-36
485.000.00
251.151.51
736,151.51
2036-37
505,000.00
233.986.82
738,986.82
2037-38
520,000.00
216.215.22
736,215.22
2038-39
540,000.00
197,815.24
737,815.24
203940
560,000.00
178,764.67
738,764.67
2040-41
580.000.00
159,040.50
739,040.50
2041-42
600,000.00
138.618.92
738,618.92
2042-43
620.000.00
117,475.26
737,475.26
2043-44
640,000.00
95,584.00
735,584.00
2044-45
665.000.00
72.918.70
737,918.70
2045-46
685,000.00
49,451.99
734,451.99
2046-47
710,000.00
25,155.54
735,155.54
$ 10,435,000.00 $
4,297,013.06
$ 14,732,013.06
This is an estimated debt schedule only. It will change once debt has been issued.
NORTHWEST PASSAGE A&R SAP 32
EXHIBIT B
2023 Service and Assessment Plan
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 [a] 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 [a] purchaser of the real property described above, you are obligated to pay assessments [aw
assessmeAt) to (insert name of [a] municipality or county, as applicable), Texas, for the costs of a portion of a public
[aR] improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property
within (insert name of public improvement district) (the "District") created under (insert Subchapter A, Chapter 372,
Local Government Code, or Chapter 382, Local Government Code, as applicable).
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS,
WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE
IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID,
COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from (insert name of municipality or county, as
applicable). The exact amount of each annual installment will be approved each year by (insert name of city council
or county commissioners court, as applicable) in the annual service plan update for the district. More information
about the assessments, including the amounts and due dates, may be obtained from (insert name of [*e]
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 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.
Page - 1-
EXHIBIT B
2023 Service and Assessment Plan
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;
(3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by
a trustor or successor in interest;
(4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale
conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired
the land by a deed in lieu of foreclosure;
(5) by a fiduciary in the course of the administration of a decedent's estate, guardianship,
conservatorship, or trust;
(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
Page -2 -
EXHIBIT C
City of Lubbock, TX
Financial Planning and Analysis
Northwest Passage PID Tax Year 2023 Preliminary Assessment Roll
Property
2023 Preliminary
2023 Estimated
ID
Owner Name
Mailing Address
Property Address
Legal Description
Taxable Value
Assessment
1500 BROADWAY ST
#STE 1500
R342383
NWP EB-5 PROJECT LLC
LUBBOCK, TX 79401
BLK JS SEC 6 AB 687 TR Cl ACS: 1.51
$ 3,289
$ 4.93
LINCOLN FRANKFORD
3917 114TH ST
BLK JS SEC 6 AB 1492 TR A2 OF
R343734
GROUP LLC
LUBBOCK, TX 79423
URSULINE ST, WBBOCK, TX 79416
NW/4 AC: 75.8747
6,831
10.25
LINCOLN 16 AFFORDABLE
3110 FRANKFORD AVE
1606 N FRANKFORD AVE, LUBBOCK,
R343735
STORAGE LLC
LUBBOCK, TX 79407
ITX 79416
LINCOLN 16 TR D
1,126,310
1,689.47
1500 BROADWAY ST
MM HOLDSWORTH NWP
#STE 150O
BLK 15 SEC 11 AB 343 TR A4 & B3
R347099
LLC
LUBBOCK, TX 79401
AC:29.363
9,661
14.49
1500 BROADWAY ST
MM HOLDSWORTH NWP
#STE 1500
BLK A SEC 14 AB 861 TR A17 OF S/2
R347100
LLC
LUBBOCK, TX 79401
AC5:46.824
70,262
105.39
1500 BROADWAY ST
MM HOLDSWORTH NWP
#STE 1500
BLK JS SEC 6 AB 1516 TR Bl ACS:
R347102
LLC
LUBBOCK, TX 79401
11.04
82,800
124.20
1500 BROADWAY ST
MM HOLDSWORTH NWP
#STE 1500
BLK JS SEC 6 AB 1492 TR A3 & A4
R347103
LLC
LUBBOCK, TX 79401
OF NW/4 AC: 27.708
277,080
415.62
LINCOLN FRANKFORD DEV
3917 114 ST
BLK 1S SEC 6 AB 1492 TR A2A OF
R347522
GROUP LLC
LUBBOCK, TX 79423
NW/4 AC: 29.193
291,930
437.90
1500 BROADWAY ST
#STE 1500
BLK JS SEC 11 AB 343 TR A AC:
R63099
NWP EB-5 PROJECT LLC
LUBBOCK, TX 79401
214.858
50,413
75.62
1500 BROADWAY ST
#STE 1500
BLK JS SEC 11 AB 343 TR B AC:
R63214
NWP EB-5 PROJECT LLC
LUBBOCK, TX 79401
5521 N CR 2000
234.969
70,492
105.74
1500 BROADWAY ST
#STE 1500
BLK A SEC 14 AB 861 TR A OF S/2
R66307
NWP EB-5 PROJECT LLC
LUBBOCK, TX 79401
ACS: 159.316
46,716
70.07
1500 BROADWAY ST
#STE 1500
5601 URSULINE ST, LUBBOCK, TX
BLK JS SEC 6 AB 1492 TR A & AlOF
R82421
NWP EB-5 PROJECT LLC
LUBBOCK, TX 79401
79416
NW/4 AC: 13.142
1,4fzl
2.21
1500 BROADWAY ST
L857
#STE 1500
5201 URSULINE ST, LUBBOCK, TX
BLK 1S SEC 6 AB 1516 TR B ACS:
1143.08
NWP EB-5 PROJECT LLC
LUBBOCK, TX 79401
79416
16,025
24.04
$ 2,053,281
$ 3,079.92