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HomeMy WebLinkAboutOrdinance - 2024-O0122 - Proposed 2024 Assessment Rate, Upland Crossing 3 PID - 09/10/2024WHEREAS, 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 in "Exhibit B' ; and WHEREAS, the City Council finds after review that the revised 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 $0.18 per $100.00 valuation for tax years 2024 through 2028, 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 2024 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 Roll. The 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 Roll in the official City Records. The 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 27, 2024 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 101h 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. The notice was mailed before the 101h day before the date of the hearing to the last known address of the property owner on the Upland Crossing 3 PID Assessment Ordinance — 2024 (FY 2024-25) Page 2 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 2024 City net taxable value in the manner described in the assessment attached hereto in "Exhibit B" 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, 2025 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 (Is') 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 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 Upland Crossing 3 PID Assessment Ordinance — 2024 (FY 2024-25) Page 3 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 27 , 2024. Passed by the City Council on second reading on September 10 , 2024. MARK W. MCBRAYE , MAYOR AT EST: Courtney Paz, City Secretary APPROVED AS TO CONTENT: Cheryl Brock, Interim Chief Financial Officer Upland Crossing 3 PID Assessment Ordinance -- 2024 (FY 2024-25) Page 4 AP ROVED AS TO FORM: -&L4i elli Leisure, Senior Assistant City Attorney ccdocs/ORD. 20024 Upland Crossing 3 PID — Service Plan, Assessment Role, and Levy August 27, 2024 Upland Crossing 3 PID Assessment Ordinance — 2024 (FV 2024-25) Page 5 Exhibit A Resolution No. 2023-RO145 Item No. 7.5 March 7, 2023 A RESOLUTION OF THE CITY OF LUBBOCK, TEXAS, APPROVING AND AUTHORIZING THE CREATION OF THE UPLAND CROSSING 3 PUBLIC IMPROVEMENT DISTRICT WHEREAS, the City Council (the "Council') of the City of Lubbock (the "City") has received a petition (the "Petition') with signatures from the record owners of taxable real property representing more than fifty percent (50%) of the appraised value of an area within the City as determined by the most recent certified appraisal roll of the Lubbock Central Appraisal District, and owners of more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the area covered by the Petition; and WHEREAS, the Petition requests that the City establish a public improvement district according to Chapter 372 of the Texas Local Government Code for the general purpose of financing improvements and services related to: (a) Acquisition, construction, or drainage facilities or improvements; (b) The design, construction, and maintenance of parks and green spaces, together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), receptacles and any similar items located there in along with all necessary grading, drainage, and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; and (c) Payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District; and WHEREAS, the Petition, a copy of which has been attached to and made a part of this Resolution as "Exhibit I", was examined, verified, found to meet the requirements of Section 372.005(b) of the Texas Local Government Code, and accepted by the City Council; and WHEREAS, the Petition covers property within an area generally bounded by 2611 Street to the north, Pine Hills Estates to the east, 341' Street to the south and Upland Avenue to the west, with such property being the development known as Upland Crossing 3, and a description and depiction of the property covered by the Petition is attached to and made a part of this Resolution as "Exhibit 2"; and WHEREAS, notice of the public hearing was published in the Lubbock Avalanche - Journal, a daily paper of general circulation in the City, such publication date being before the fifteenth (15t') 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 (I5`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 roll of the Lubbock Central Appraisal District, of property subject to assessment under the proposed public improvement district; and WHEREAS, the public hearing was convened at the time and place mentioned in the published notice, on the seventh (7`h) day of March, 2023, at two (2:00) p.m., at Citizen's Tower, located at 1314 Avenue K, Lubbock, Texas; and WHEREAS, in accordance with the published and mailed notices, the Council called the public hearing and heard public comment from interested persons speaking in favor or opposition to the proposed public improvement district and the Council heard a report by City staff on the advisability of the proposed public improvement district and its benefits to the City and to the property within the boundaries of the proposed public improvement district; and WHEREAS, the proponents of the proposed public improvement district offered evidence, both oral and documentary, in favor of all of the foregoing matters relating to the creation of the proposed public improvement district, and opponents of the public improvement district were given the opportunity to appear to contest authorization of the proposed public improvement district, after which the Council closed the hearing; and NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT the facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct. SECTION 2: THAT after conducting a public hearing, examining evidence, and hearing testimony, the City Council finds and determines the following: (a) That the public hearing on the advisability of authorizing the Upland Crossing 3 Public Improvement District has been properly called, held, and conducted and that notice of such hearing has been published and mailed as required by law and delivered to the current address of the owners of property subject to assessment under the Upland Crossing 3 Public Improvement District; and (b) That authorization of the Upland Crossing 3 Public Improvement District with boundaries depicted and described in "Exhibit 2" is advisable and will result in benefits to the City, its residents, and the property owners in the Upland Crossing 3 Public Improvement District for the general purpose of financing improvements and services related to: (i) The acquisition, construction, or drainage facilities or improvements; (ii) The design, construction, and maintenance of parks and green spaces, together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), receptacles and any similar items located there in along with all necessary grading, drainage, and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; and (iii) The payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District; and (c) That the total estimated cost of services and improvements to be paid by the assessment generated within the Upland Crossing 3 Public Improvement District through Fiscal Year 2027-28 is approximately one hundred seventeen thousand seven hundred thirty dollars ($117,730) (the "Costs"), with such Costs being described in "Exhibit 3" attached to and made a part of this Resolution; and (d) That the Costs will be paid by the proposed assessment rate of eighteen cents ($0.18) per one hundred dollars ($100) of valuation of property within the Upland Crossing 3 Public Improvement District through Fiscal Year 2027-28, with such proposed assessment being described in "Exhibit 3"; and (e) That as to the apportionment of the Costs between the Upland Crossing 3 Public Improvement District and the City, all the Costs will be paid by the Upland Crossing 3 Public Improvement District through assessments on the property within the boundaries of the Upland Crossing 3 Public Improvement District. SECTION 3: THAT subject to Chapter 372 of the Texas Local Government Code, the City Council hereby authorizes a public improvement district over the area depicted and described in "Exhibit 2" and such public improvement district shall be identified as the Upland Crossing 3 Public Improvement District, City of Lubbock, Texas. SECTION 4: THAT the City Council shall be the governing board for the Upland Crossing 3 Public Improvement District. SECTION 5: THAT if any section, paragraph, clause or provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section paragraph, clause or provision shall not affect any of the remaining provisions of this Resolution. Passed by the City Council this 7th day of _ March , 2023. A ST: A- Co&bie'yaz, Interim City 9eqIetaq1 APPROVED AS TO CO ENT: Brianna Brown, Director of Business Development APPROVED AS TO FORM: & b. ��- ) * — eIli Leisure, Senior Assistant City Attorney Cedoes:/Npland Crossing 3 PID Creation Resolution 2.20.23 BETENBOUGH HOMES February 3, 2023 Brianna Brown Business Development Director City of Lubbock 1314 Avenue K Lubbock, TX 79401 RE: Upland Crossing, Public Improvement District 3 Dear Honorable Mayor and City Council, Upland Crossing 3 PID is a residential development within the city limits of the City of Lubbock bound on the North by 26'h Street, adjacent to the East by Pine Hills Estates, and adjacent to Upland Ave on the West and 34"' Street to the South. We are proposing to create a Public Improvement District, "PID", to maintain the public improvements for Upland Crossing 3 PID. In order to comply with the "Public Improvements District Policies and Guidelines", we are providing information as required in Section III. "Guidelines", b. "Petition Requirements": 1. Betenbough Homes has purchased/optioned almost 21.646 acres. Betenbough Homes plans to invest $2S0,000 in improvements for this park system before it would be deeded over to the City of Lubbock and the PID. We will be here to help keep the PID healthy and thriving. We have vested interest in making this PID healthy and self-sufficient. 2. This requirement is addressed In Section 5 of the accompanying Petition. 3. This requirement is addressed in Section 1 of the accompanying Petition. 4. This requirement is addressed in Section 5 of the accompanying Petition. S. If there is sufficient support to petition to dissolve the Public Improvement District certain requirements in addition to sufficient support must be met in order to dissolve the PID. Those requirements include arrangements to transfer ownership and maintenance of the City owned and PID maintained property. These arrangements are to be made by the City Manager or designee with funds available to the PID. Betenbough Homes will have been responsible for some maintenance before the park system would be deeded over. With having supported some maintenance, we feel we will have an accurate representation of cost to propose for the service plan. So far, all of our proposed service plans, are reviewed by city staff, and approved by city council. 6. This requirement has been met by the map of the area that is attached to this Petition. BETENBOUGH HOMES 7.Operation of the PID process shall be consistent with the bylaws for Public Improvement Districts for the City of Lubbock. If a board is not established, then the operation of any PID actions will be managed by the City Manager or designee. 8. This requirement is generally addressed in Section 2 of the petition. Addressing this specific PID there will be a drainage basin that will function as drainage storage for the community. The PID will allow the basin to be well maintained. 9. Each parcel of City -owned land will be identified as a "Tract" at time of platting. 10. General description of proposed improvements is addressed in Section 2 of the Petition. 11. The estimated total cost of the improvements is approximately $250,000 and will be paid and constructed by the developer, Betenbough Homes does not desire any reimbursement. The estimated cost of the maintenance is approximately $10,000 per year and is to be paid for by the PID as soon as the funds are available. This is the estimated cost for the entirety of the "park system 12. Addressing this requirement we have provided a service and assessment plan that is attached as part of this application. 13. Method of assessment will be based on the net taxable value of the affected properties and will be assessed at $.18 per $100.00 valuation. 14. Documentation of liability insurance will be provided as requested by the City of Lubbock. 15. This requirement is addressed in Section 6 of the accompanying Petition. 16. This requirement is addressed in Section 5 of the accompanying Petition. 17. This requirement is met with the attached spreadsheet documenting the provided service and assessment plan. Our goal is to provide all of the information requested to continue with the creation of this PID. Please let us know if you have any questions or require any additional information. X 644__ �� Chris Berry Land Development Manager Betenbough homes PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE IMPROVEMENTS TO UPLAND CROSSING 3 PUBLIC IMPROVEMENT DISTRICT THE STATE OF TEXAS CITY OF LUBBOCK TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK: The undersigned petitioners (the "Petitioners"), acting pursuant to the provisions of Chapter 372, Texas Local Government Code, as amended (the "Act"), request that the City of Lubbock create a public improvement district (the "District") in the territory described in Exhibit A attached hereto (the "Land") within the City of Lubbock, Texas (the "City"), and in support of this petition the Petitioners would present the following: Section 1. Standing of Petitioners. In compliance with the requirements of Texas Local Government Code, Section 372.005(b), as determined by the current roll of the Lubbock Central Appraisal District, the Petitioners constitute: (i) the owners of taxable real property representing more than 50% of the appraised value of real property liable for assessment under the proposal described herein, and (ii) the record owners of taxable real property that constitutes more than 50% of the area of all taxable real property that is liable for assessment under such proposal. Section 2. General nature of the proposed public im2rovements. The general nature of the proposed public improvements is: (i)acquisition, construction, or drainage facilities or improvements, (ii) the design, construction and maintenance of parks and green spaces, together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located there in along with all necessary grading, drainage, and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; and (ii) payment of costs associated with developing and financing the public improvements listed in subdivision (i) including costs of establishing, administering and operating the District. Section 3. Estimated cost of the proposed public improvements and annual maintenance: $250,000 estimated for proposed public improvements as mentioned in section 2. Annual maintenance costs - $10,000 for proposed improvements made by developer. Section 4. Boundaries. The proposed boundaries of the District are described in Exhibit A and Exhibit B. Section 5. Method of assessment. An assessment methodology has been prepared that will address (i) how the costs of the public improvements paid for with the assessments are assessed against the property in the District, (ii) the assessments to be collected each year, and (iii) reduction of the assessments for costs savings (pursuant to the annual review of the service plan for the District). Additionally, a report will be prepared showing the special benefits accruing to property in the District and how the costs of the public improvements are assessed to property on the basis of the special benefits. The result will be that equal shares of the costs will be imposed on property similarly benefited. In assessing the maintenance of the public improvements, property will be classified based on the net taxable value of the property. The assessment methodology will result in each parcel paying its fair share of the costs of maintaining the public improvements based on the special benefits received by the property from the public improvements and property equally situated paying equal shares of the costs of the public improvements. The annual budget is subject to review by City of Lubbock staff and final approval by the City Council. The annual assessments may be adjusted as a result of the City of Lubbock staff review and City Council approval. Section 6. Apportionment of Cost between the City and the District. The City will not be obligated to provide any funds to finance the proposed public improvements or maintain the public improvements. All of the costs of the proposed public improvements will be paid by assessments of the property within the District and from other sources of funds, if any, available to the developer of the Land. Section 7. Management of the District. The City will manage the District, or a partnership between the municipality or county and the private sector, to the extent allowed by law, the City may contract with either a non-profit, or a for -profit organization, including a Public Facilities Corporation created by the City pursuant to Chapter 303, Texas Local Government Code, to carry out all or a part of the responsibilities of managing the District, including the day-to-day management and administration of the District. Section 8. Advisory board. An advisory board may be established to develop and recommend an improvement plan to the City Council of the City (the "City Council"). The signers of this petition request the establishment of the District and this petition will be filed with the City Secretary in support of the creation of the District by the City Council as herein provided. [Signature on following page] -2- PETITIONERS: Betenbough Homes LLC cl&- yky Chris Berry, Land Planning Manager THE STATE OF TEXAS § COUNTY OF LUBBOCK § On this, the day o, 2023, before me, the undersigned Notary Public, personally appeared Paddl Moya o acknowledged that he is Connections Specialist of Betenbough Homes, LLC, and that he, in such capacity, being duly authorized so to do, executed the foregoing petition for the purposes therein contained by signing his name in such capacity. IN WITNESS WHEREOF,1 have EPATRICIA M. MOYA tary Public, State of TexasNotary IDI IMM12-1amminion t1EM11-2oas ymy hand and official seal. �blic Si nature 2Xa Signature Page for Petition AMD Engineering and Surveying A 21.646 ACRE TRACT IN THE SOUTHWEST QUARTER OF SECTION 43, BLOCK AK, E.L. & R.R. RR. CO. SURVEY, ABSTRACT NO.184, LUBBOCK COUNTY, TEXAS A 21.646 acre tract of land located in the Southwest Quarter (SW/4) of Section 43, Block AK, E.L. dt R.R. RR. Co. Survey, Abstract Number 194, Lubbock County, Texas, being all of that certain Iraq of land described as 17.70 acres in a Warranty Deed recorded in Volume 1472, Page 646 of the Deed Records of Lubbock County, Texas, and a portion of that certain tract of land described as 4.25 acres in a Warranty Deed recorded in Volume 6043, Page 101 of the Real Property Records of Lubbock County, Texas, said 21.646 acre tract being further described by metes and bounds as follows: BEGINNING at a "MAG" nail six in the centerline of Upland Avenue and in the west line of said Section 43 at the southwest comer of said 17.70 acre tract, same being the most westerly northwest comer of the plat limits of Pine Hills Addition, a subdivision according to the map, plat and/or dedication deed themof recorded in Volume 1709, Page 661 of the Deed Records of Lubbock County, Texas, and for the southwest comer of these plat limits, having coordinates of Northing: 7,270,725.47 and Easting: 910,383.41 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the southwest comer of said Section 43 bears S. 01 ° 52' 44" W. a distance of 1539.75 fat, said section comer having coordinates of Northing: 7.269.186.91 and Easting- 910,332.94 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N• 01 52' 44" E., along the centerline of Upland Avenue and the west line of said Section 43 at a distance of 170.25 feet pass a railroad spike found, continuing for a total distance of 204.33 feet to a "MAG" nail set for the most westerly northwest corner of these plat limits, same being the southwest comer of that certain 1.00 an tract of land described in a Warranty Deed recorded in County Clerk's File Number 2018003570 of the Official Public Records of Lubbock County, Texas; THENCE S. 88° 08' 32" E , at a distance of 55 00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the east right -of --way line of Upland Avenue, herein dedicated, continuing at a distance of 55 61 feet pass a : 2" iron rod with a gran broken cap found, continuing for a total distance of 296.24 feet to a 1/2" iron rod with a cap marked "RPLS 4460" found at the southeast comer of said 1.00 acre tract for an ell corner of these plat limits, THENCE N. 0)0 48' 47" 1 , along the east lines of five tracts of land, being: (1) said 1.00 acre tract, (2) Lynch Addition, Lots I -A and 1 B, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 8252, Page 220 of the Official Public Records of Lubbock County, Texas, (3) that certain 1.50 acre tract of land described in a Warranty Deed recorded in Volume 2783. Page 126 of the Real Property Records of Lubbock County, Texas, (4) that certain 0 94 acre tract of land described in a Warranty Deed recorded in Volume 4927, Page 188 of the Real Property Records of Lubbock County, Texas, and (S) Crenwelge Addition, Lot 1, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 5116, Page 195 of the Real Property Records of Lubbock County, Texas, at a distance of 868.45 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of 26th Street, herein dedicated, continuing for a total distance a distance of 900 45 fat to a 1/2" iron rod with a cap marked "AMD ENG" set in the north line of said Southwest Quarter (SW/4) for the northwest corner of said 4 25 acre tract and the most northerly northwest comer of these plat limits, having coordinates of Northing: 7,271,819.82 and Easting. 910,714.61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a cotton spindle found in the centerline of said Upland Avenue at the west quarter comer of said Section 43 bears N. 88' 11' 07" W a distance of 295.21 feel, said quarter section comer having coordinates of Northing. 7,271,829.17 and Easting. 910,419.61 of the Texas Coordinate System of 1993 (2011), Texas North Central Zone, THENCE S. 88' 1 V 07" E , along the north line of said Southwest Quarter (SW/4), a distance of 317.51 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for a corner of these plat limits; THENCE S. 01 54' 23" W . at a distance of 32.00 feet pass a If2" iron rod with a cap marked "AMD ENG" set in the south right-of-way line of said 26th Street, continuing for a total distance of 200.00 feet to a IIT' iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; 6515 6P Slreel, Suite 300 TBPh Reg I r-9197 Office (806) 771.5976 1 ubbock. Texas 79424 r11PriS Reg 0101785-M Fax (906)771.7625 AMD Engineering and Surveying THENCE S. 8r I1' 07" E. a distance of 256.23 feet to a I/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; THENCE N. 010 S4' 23" E., at a distance of 168.00 feet pass a 12" iron rod with a cap marked "AMD ENGINEERING" set in the South right-of-way line of said 26th Street, continuing for a total distance a distance of 200.00 feet to a 12" iron rod with a cap marked "AMD ENGINEERING" set in the north line of said Southwest Quarter (S W/4) for a corner of these plat limits; THENCE S. 880 11, Or' E., along the north One of said Southwest Quarter (SW/4), a distance of 272.00 fed to a 12" iron rod with a cap marked "AMD ENGINEERING" set for the northeast comer of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,271,793.04 and Easting: 911,559.72 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 010 54' 23" W., along the west plat limits of said Pine Hills Addition at a distance of 32.00 fed pass a 12" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing at a distance of 45.69 fed pass the south right-of-way line of 26th Street as dedicated with the plat of said Pine Hills Addition, continuing for a total distance of 1105.33 foci to a 12" iron rod with a cap marked "AMD ENGINEERING" set at an ell comer of the plat limits of said Pine Hills Addition for the southeast comer of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,270,698.59 and Easting: 911.522.96 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 990 08' 47" W., at a distance of 1085.42 feet pass a 12" iron rod with a cap marked "AMD ENGINEERING" set in the cast right -of --way line of said Upland Avenue, continuing for a total distance of 1140.42 feet to the Pout of Beginning. Bearings and coordinates are based on the Texas Coordinate System of 1983 (201 I ),'texas North Central Zone. The convergence angle to True North is -1 ° 53' 35.55" and the combined scale factor is 0.99975986. Distances are at surface, in U.S. survey feet. I, Norris Stevens, Registered Professional Land Surveyor, do hereby certify that this description was prepared from an actual survey of the property and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed August 31, 2021 �i Norris Stevens m Registered Professional Land Surveyor, State of Texas, Seal No 4339 ••Revised 1/20)2022 Corrected the bearing en the 86 call OI' POZj 210574 Sec 43111k AK Tamer T rx 6515 686 Street. Suite 300 1 UPf Reg. Y F-9197 O(fice: (906) 771.5976 Lubbock. Texas 79424 TOPII S Reg N101785-M Fay (806)771.7615 EXHIBIT B Sketch A-4 M d t _. s, fit t: �• 1. 1� E'j� ffi i� . 1 ! , t? sw►...-ry.m i —, f tt t • ( f.tY 1 f i= •!.l'; 'I- �� i i t }: D � (R l i•"; i!a e E t �.t�i �•` T �!i' i Dt UC 3 Service Plan Proposed Revenue/Expense Worksheet RYYllea'i ay . Mo�.c4�a1 0 Ilu 1191 fl9pul9VMwa' 11,70R01e1 17,112QOIA IR2070m 1tl371,1�0 [R9/216t IY121.14 I9,707J942 2,001,9W 20.7W,U.19 M911,12U [7g705M Otofto t walyvml 9 - 17,7W,um 16,00.0m 16,)R6,3w 16.714.036 17.0/e,W7 17ar9.271 17,7117.0.0 11I.M.799 1f,451.6,15 IRe2271f 153.&Wk" k7 - 1.202 1.22- 1 :)1 1.276 1.3111 1327 1.34 I'm I.MA 8017 WIN A—III0 SO,10 - $4,7,41 20.917 29,4" 711m15 UM117 111O1 11.927 12.7/4 11.217 241,127 O Itl ArmsOq b SQ IU TtOt l9a17 39.W J47Y SI.MI 31.90 A.02t 32.E 2.7.W 3145 263AM 1 m ae[9 1 S 47.W,UOy01 Ba0 P" S 15.0al" S 1S,7mm S 1},61N.m $ Oylt;12 S IR276A11 5 106111 S 16,092M S 17.2W29 S 11-04XV S 17.926.79 S 171319A1 prle 1 -d 2 $ f67b 1 ur. 2 7 AONiOn1A9 C9w 14eI,OtLLm S I.tmm S XOWOU S 1.121,20 S ).19) 62 S ).147 W S t.112 %4 S i 17f,69 S 1466.06 S U14" $ %.W.2s S 2121 A9 *010 S Two ! S IWDm S W"20 S 19.101.74 S 19.e0.70 S swl41 S 266M92 S Z0.f7LU ! IUMA7 ! 2/311f7 S 1371i111 Cel RVO— S S S 11.19m S A.Ie7.92 S 3402.13 S 41,12024 S 70 OM S 7CAOL70 S OS,2111A S 90.0I0,1) S Ia,17J.N f 022.291J0 '141ga17 valor pO b a 216 —wh —emk e - ale • Z%MMWq ASSESSMENT INFORMATION 201420 9 As aan- per$100A00 SIdom $ 10u.6b Asse!latemper S100AW sloom S 100.00 AMD Engineering and Surveying A 21.646 ACRE TRACT 1N THE SOUTHWEST QUARTER OF SECTION 43, BLOCK AK, E.L. & R.R. RR. CO. SURVEY, ABSTRACT NO.184, LUBBOCK COUNTY, TEXAS A 21.646 acre tract of land located in the Southwest Quarter (SW/4) of Section 43, Block AK, E.L. dt R.R. RR. Co. Survey, Abstract Number 194, Lubbock County, Texas, being all of that certain tract of lend deseribed as 17.70 acres in a Warranty Deed recorded in Volume 1472, Page 646 of the Deed Records of Lubbock County, Texas, and a portion of that certain tract of land described as 4.25 acres in a Warranty Deed recorded in Volume 6043, Page 101 of the Real Property Records of Lubbock County, Texas, said 21.646 acre tract being further described by metes and bounds as follows: BEGINNING at a "MAG" nail set in the centerline of Upland Avenue and in the west line of said Section 43 at the southwest corner of said 17.70 acre tract, same being the most westerly northwest comer of the plat limits of Pine Hills Addition, a subdivision according to the map, plat and/or dedication deed thereof recorded in Volume 1709, Page 661 of the Deed Records of Lubbock County, Texas, and for the southwest comer of these plat limits, having coordinates of Northing: 7,270,725.47 and Easting: 910,393.41 of the Texas Coordinate System of 1983 (20111 Texas North Central Zone, whence a railroad spike found at the southwest comer of seid Section 43 bears S 01° 52' 44" W. a distance of 1339.75 feet, said section comer having coordinates of Northing: 7.269,186 91 and Easting 910,332.94 of the Texas Coordinate System of 1983 (20111 Texas North Central Zone; THENCE N. 01 52' 44" E., along the centerline of Upland Avenue and the west line of said Section 43 at a distance of 170.2S feet pass a railroad spike found, continuing for a total distance of 204.33 feet to a "MAG" nail set for the most westerly northwest corner of these plat limits, same being the southwest comer of that certain 1.00 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2018003570 of the Official Public Records of Lubbock County, Texas; THENCE S. 880 08' 32" 1-. at a distance of 55 00 feet pass a 112" iron rod with a cap marked "AMD ENGINEERING" set in the east right-of-way line of Upland Avenue, herein dedicated, continuing at a distance of 55 61 fed pass a 1 2" iron rod with a green broken cap found, continuing for a total distance of 296.24 feet to a 1/2" iron rod with a cap marked "RPLS 4460" found at the southeast comer of said 1.00 acre tract for an ell corner of these plat limits, THENCE N. 010 48' 47" E., along the east lines of five tracts of land, being: (1) said 1.00 acre tract, (2) Lynch Addition, Lots I A and I-B, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 8252, Page 220 of the Official Public Records of Lubbock County, Texas, (3) that certain 1.50 acre tract of land described in a Warranty Deed recorded in Volume 2783, Page 126 of the Real Property Records of Lubbock County, Texas, (4) that certain 0 94 acre tract of land described in a Warranty Deed recorded in Volume 4927, Page 189 of the Real Property Records of Lubbock County, Texas, and (5) Crenwelge Addition, Lot 1, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 5116, Page 195 of the Real Property Records of Lubbock County, Texas, at a distance of 868AS fed pass a 112" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of 26th Street, herein dedicated, continuing for a total distance a distance of 900 45 fat to a 1/2" iron rod with a cap marked "AMD ENG" set in the north line of said Southwest Quarter (S W/4) for the northwest corner of said 4 25 acre tract and the most northerly northwest comer of these plat limits, having coordinates of Northing: 7,271,819.82 and Easting. 910,714.61 of the Texas Coordinate System of 1983 (2011). Texas North Central Zone, whence a cotton spindle found in the centerline of said Upland Avenue at the west quarter corner of said Section 43 bears N 88, 11' 07" W a distance of 295.21 feel, said quarter section comer having coordinates of Northing. 7,271,829.1 r and Easting: 910,419.61 of the Texas Coordinate System of 1993 (2011), Texas North Central Zone, THENCE S 88 1 V 07" E, along the north line of said Southwest Quarter (SW/4), a distance of 317.51 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for a corner of these plat limits; THENCE S. 01 54' 23" W , at a distance of 32.00 feet pass a 1/2" iron rod with a cap marked "AMD ENG" set in the south right-of-way line of said 26th Street, continuing for a total distance of 200.00 fed to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; 6315 6P Sheet. Suite 3W TOM Rog 0 F-9197 0(rwe: (806) 771.5976 1 abbock. Texas 79424 rnt'fi S Reg 0101793-W Fax: (906) 771.7625 AMD Engineering and Surveying THENCE S. 8r I1' 07" E. a distance of 256.23 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; THENCE N. 010 54' 23" E.. at a distance of 169.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing for a total distance a distance of 200.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the north line of said Southwest Quarter (S W/4) for a corner of these plat limits; THENCE S. 88e I I' 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 272.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for the northeast comer of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,271,793.04 and Easting: 911,539.72 of the Texas Coordinate System of 1993 (2011), Texas North Central Zone; THENCE S. 01° 54' 23" W., along the west plat limits of said Pine Hills Addition at a distance of 32.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing at a distance of 45.69 feet pass the south right-of-way line of 26th Street as dedicated with the plat of said Pine Hills Addition, continuing for a total distance of 1105.33 fed to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set at an ell comer of the plat limits of said Pine Hills Addition for the southeast comer of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,270,688.59 and Easting: 911,522.% of the Texas Coordinate System of 1993 (2011), Texas North Central Zone; THENCE N. 88° 08' 47" W., at a distance of 1085.42 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the cast right -of --way line of said Upland Avenue, continuing for a total distance of 1140.42 feet to the Poiai of Beginning. Bearings and coordinates are based on the Texas Coordinate System of 1983 (2011), Texas North Central Zone. The convergence angle to True North is .1 ° 53' 35.55" and the combined scale rector is 0.99973996. Distances are at surface, in U.S. survey feet. 1, Norris Stevens, Registered Professional Land Surveyor, do hereby certify that this description was prepared from an actual survey of the property and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed August 31, 2021 Y � e - e' Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 •'Revised If20f2022 Corrected the bearing on the 86 call O/ ZOLj 71 tr574 Sec e3 a1k AK. Tmuer Tna. 6515 68° Street. Suite 300 1 UP(' Reg. s F•9197 Office: (806) 771.5976 Lubbock. Texas 79424 TOM I S Reg Mto1785.00 I'm (8061771.7623 1 Im■ � 7, 011 11 Illllllli � 1111111111111111 111111111111 111��111111111111111111 nnmim �n � nn�nm�nnnmm mums 11111111111111111111111111110� imnnmi : ■ IN_�nn 111111111 11111I..0111 � Upland Crossing 3 Public Improvement District 2023 SERVICE AND ASSESSMENT PLAN FEBRUARY 16, 2023 City of bock TEXAS City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 TABLE OF CONTENTS Tableof Contents........................................................................................................................................1 SectionI: Plan Description and Defined Terms......................................................................................... 2 Section 11: Property Included in the PID......................................................................................................4 Section III: Description of the Improvement Project .................................................................................. 4 Section IV: Service Plan/Sources and Uses of Funds.................................................................................. 5 SectionV: Assessment Plan................................................................................................................................6 SectionVI: Terms of the Assessments................................................................................................................ 6 Listof Exhibits............................................................................................................................................. 7 ExhibitA - PID Legal Description and Map........................................................................................................ 8 ExhibitB — Service Plan — Five Year Plan................................................................................................... 11 ExhibitC - Assessment Roll............................................................................................................................15 1 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 Plan Description and Defined Terms A. Introduction Chapter 372 of the Texas Local Government Code, Improvement Districts in Municipalities and Counties" (as amended, the "PID Act"), governs the creation of public improvement districts within the State of Texas. The City of Lubbock created the Upland Crossing 3 Public Improvement District (the "PID") to maintain the public improvements associated with the Upland Crossing 3 planned development and for the benefit of certain property in the PID, all of which is located within the City. (Capitalized terms used herein shall have the meanings ascribed to them in Section 1.13 of this Service and Assessment Plan.) This Service and Assessment Plan has been prepared pursuant to Sections 372.013, 372.014, 372.015 and 372.016 of the PID Act. According to Section 372.013 of the PID Act, a service plan "must cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements. The plan shall be reviewed and updated annually for the purpose of determining the annual budget for improvements." The service plan is included in Section IV of this Service and Assessment Plan. Section 372.014 of the PID Act states that "an assessment plan must be included in the annual service plan." The assessment plan is described in Section V of this Service and Assessment Plan. Section 372.015 of the PID Act states that "the governing body of the municipality or county shall apportion the cost of an improvement to be assessed against property in an improvement district." The method of assessing the Costs of the improvements to the property in the PID is included In Sections V and VI of this Service and Assessment Plan. Section 372.016 of the PID Act states that "after the total cost of an improvement is determined, the governing body of the municipality or county shall prepare a proposed assessment roll. The roll must state the assessment against each parcel of land in the district, as determined by the method of assessment chosen by the municipality or county under this subchapter." The Assessment Roll for the PID Is included as Exhibit C of this Service and Assessment Plan. The Assessments as shown on the Assessment Roll are based on the method of assessment described In Section V of this Service and Assessment Plan. The City Council shall make all determinations necessary herein. The City Council intends for the obligations, covenants and burdens on the owner of the Assessed Property, including without limitation such owner's obligations related to the payment of the Assessments, to constitute a covenant running with the land. The Assessments levied hereby City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 shall be binding upon the owners of Assessed Property, and their respective transferees, legal representatives, heirs, devisees, successors and assigns. The Assessments shall have lien priority as specified in the PID Act. This Service and Assessment Plan provides for maintenance of improvements benefiting the entire area of the Upland Crossing 3 PID. B. Definitions The terms used herein shall have the following meanings. "Annual Service Plan Amendment" has the meaning set forth in the first paragraph of Section IV of this Service and Assessment Plan. "Assessed Property" means, for any year, parcels within the PID. "Assessment" means, with respect to each Parcel, the assessment imposed against such Parcel pursuant to the Assessment Ordinance and the provisions therein, as shown on the Assessment Roll, subject to reallocation among Parcels and reduction according to the provisions herein and the PID Act. "Assessment Ordinance" means the Assessment Ordinance approved by the City Council approving and adopting this Service and Assessment Plan. "Assessment Roll" means the document included in this Service and Assessment Plan as Exhibit C, as updated, modified, or amended annually in accordance with the procedures set forth herein and in the PID Act. "City" means City of Lubbock, Texas. "City Council" means the duly elected governing body of the City. "Costs" mean the actual or budgeted costs, as applicable, of all or any portion of the maintenance of the public improvements, operation, and other supplemental services, as described in Exhibit B of this Service and Assessment Plan. "Developer" means Betenbough Homes, Inc. "Legal Description" means the metes and bounds legal description of the PID area included as Exhibit to the Service and Assessment Plan. City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 "Improvement Project" means the maintenance of the public improvements that will provide a special benefit to the property in the PID and described in Exhibit B of this Service and Assessment Plan and Section 372.003 of the PID Act. "Parcel" means a parcel identifed by either a tax map identification number assigned by the Lubbock County Appraisal District for real property tax purposes or by lot and block number in a final subdivision plat recorded in the real property records of Lubbock County, Texas or identified by any other reasonable means determined by the City Council. "PID" has the meaning set forth in the second paragraph of Section LA of this Service and Assessment Plan. "PID Act" means Texas Local Government Code Chapter 372, Improvement Districts in Municipalities and Counties, Subchapter A, Public Improvement Districts, as amended. "PID Map" means the map Included as Exhibit A to the Service and Assessment Plan identifying the property included in the PID. "Service and Assessment Plan" means this Service and Assessment Plan prepared for the PID pursuant to Section 372.013, 372,014, 372.015, and 372.016 of the PID Act. Section II Property Included in the PID The PID is located in the City of Lubbock, Texas. A map of the property included in the PID and a legal description is shown on Exhibit A to this Service and Assessment Plan. The 21.646 acre development is expected to consist of approximately 100 residential units, drainage basin, and associated rights of way, landscaping, and infrastructure. An explanation of the method of assessing property is included in Section V. Section III Description of the Improvement Project The general nature of the proposed public improvements is: (i) acquisition, contruction, or drainage facilities or improvements, (ii) the design, construction, and maintenance of Parks and green spaces together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and green 4 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 spaces; landscaping, hardscape and irrigation; and (iii) payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District. The District is to supplement and enhance services within the District. The public improvements will be constructed by the Developer with no reimbursement from the PID. After analyzing the maintenance, operation, and other supplemental services related to the Public Improvements, the City has determined that the maintenance of the public improvements authorized by the PID Act, shown in Exhibit B, should be performed by the City and has further determined that these maintenance activities will be of special benefit to all the Assessed Property within the PID. A. Maintenance of Public Improvements The cost of the maintenance, operation and other supplemental services to be funded through assessments on Assessed Property is estimated at $10,000 in the first year and increases to $31,524 in the 5th year, with 2 percent annual growth thereafter. The budget for the maintenance, operation, and other supplemental services will be determined annually by the City and will be included in a Service Plan Amendment along with amendments to the Assessment Roll reflecting assessments (the "Maintenance Assessment") based on such budget for maintenance, operation and necessary supplemental services. Section IV Service Plan/Sources and Uses of Funds Section 372.013 of the PID Act requires this Service and Assessment Plan to "cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements. The Developer plans to make improvements at a cost of $250,000. The PID will not reimburse the Developer for those improvements. The PID will maintain the public improvements. The plan shall be reviewed and updated annually for the purpose of determining the annual budget for maintenance." Such annual update to this Service and Assessment Plan is herein referred to as the "Annual Service Plan Amendment." The Upland Crossing 3 PID will have no indebtedness and the PID assessments will fund the maintenance of the public improvements, operation, and other supplemental services. The table below shows estimated sources and uses of funds including the projected cost of maintaining the public improvements. 5 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 Proposed Budget Projected Tax Year 2023 2024 t 2025 1 2026 1 2027 _ Totals Pro ert Values Taxable 58,165 17,559,328 17,910,515 18 268.725 1 18,634.100 18 634,100 Discounted Pro a Values 52,349 15803395 16119463 16441,853 16,770690 16,770,690 Fiscal Year Revenues 2023-24 2024-25 MS-26 2026-27 2027-28 Totals* InterestEamings $ - 1 711 471 21 $ 139 Assessment 0 $0.18 94 28,4461 29015 29,595 1 30187 ^� 117,339 Total 94 29.4461 Z9 086 1 29,6421 30 208 $ 117,477 ExpensesBasin Park Park Maintenance $ 15,000 1s,300 15606 $ 45,906 Annual Operating Cost 6.000 6000 6120 6242 6,367 30,730 Administrative Costs 4000 91000 9.180 9,364 9,551 41,094 Total 10 000 15,0001 30 00 1 30.9061 31.524 117,730 Cash Reserve 9906 3540 2,3261 1062 1011 1,012 Assessment Information for 5200,000 Hame $180 The sources and uses of funds table is subject to revision each year. Section V Assessment Plan The PID was created and the assessment is being levied pursuant to Section 372.015 of the PID Act, "Determination of Assessment." A. Allocation of assessment • Properties will be assessed based on the City's 2023 "net taxable value" as established by the Lubbock Central Appraisal District and submitted to the City under Tax Code Section 26.04. • Assessment will be $0.18 per $100 valuation • All property will be assessed based on the final 2023 "net taxable value". Section VI Terms of the Assessments The annual assessment for each parcel within the PID shall be shown on the assessment roll. The amount of the assessment could change each year when the Service and Assessment Plan are 6 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Service and Assessment Plan February 16, 2023 adopted due to increased value on a parcel or the estimated cost of maintaining the public improvements, repair or replacement costs, and operational or administrative costs. List of Exhibits Exhibit A PID Legal Description and Map Exhibit B Service Plan — Five Year Plan Exhibit C Assessment Roll 7 Upland Crossing 3 Public Improvement District C3Upland Crossing 3 PID Parcels 0 125 250 Lot -Block Lines 8 of50a �Lubl%tyck w Feet MAS r.�o+.14 nw m+�.e-.ro+o+. mae. wr oo..rwM ur.rw.rwrr.iwrr✓r�wwwMr.. r MM1M/MMYNW/rrM� �w/M-mil LDD AMD Engineering and Surveying A 21 A" ACRE TRACT IN THE SOUTHWEST QUARTER OF SECTION 43, BLOCK AK, E.L. & R.R. RR, CO. SURVEY, ABSTRACT NO.184, LUBBOCK COUNTY, TEXAS A 21.646 acre tract of land located in the Southwest Quarter (SW/4) of Section 43. Block AK, E.L. & R.R. RR. Co. Survey, Abstract Number 194, Lubbock County, Texas, being all of that certain tract of land described as 17.70 acres in a Warranty Deed recorded in Volume 1472, Page 646 of the Deed Records of Lubbock County. Texas, and a portion of that certain tract of land described as 4.25 acres in a Warranty Deed recorded in Volume 6043, Page 101 of the Real Property Records of Lubbock County, Texas, said 21.646 acre tract being further described by metes and bounds as follows: BEGINNING at a "MAG" nail set to the centerline of Upland Avenue and in the west line of said Section 43 at the southwest corner of said 17.70 acre tract, same being the most westerly northwest comer of the plat limits of Pine Hills Addition, a subdivision according to the map, plat and/or dedication deed thereof recorded in Volume 1709, Page 661 of the Deed Records of Lubbock County, Texas. and for the southwest comer of these plat limits, having coordinates of Northing: 7,270,725.47 and Easting: 910,383.41 of (he Texas Coordinate System of 1983 (2011), Texas North Central Zone. whence a railroad spike found at the southwest corner of said Section 43 bears S. 01° 52' 44" W. a distance of 1339.75 feet, said section corner having coordinates of Northing: 7,269,186.91 and Easting- 910,332.94 of the Texas Coordinate System of 1983 (2011). Texas North Central Zone; THENCE N. 010 52' 44" E., along the centerline of Upland Avenue and the west line of said Section 43 at a distance of 170.25 fiat pass a railroad spike found, continuing for a total distance of 204 33 feet to a "MAG" nail set for the most westerly northwest comer of these plat limits, same being the southwest comer of that certain 1.00 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2018003570 of the Official cial Public Records of Lubbock County, Texas; THENCE S. 880 08' 32" E., at a distance of 55.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the east right-of-way line of Upland Avenue, herein dedicated, continuing at a distance of 55.61 feet pass a 1/2" iron rod with a green broken cap found, continuing for a total distance of 29614 feel to a 1/2" iron rod with a cap marked "RPLS 4460" found at the southeast comer of said 1.00 acre tract for an ell comer of these plat limits, THENCE N. 010 48' 47" E. along the east lines of live tracts of land, being: (1) said 1.00 acre tract, (2) Lynch Addition, Lots I -A and I •B, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plot and/or dedication deed thereof recorded in Volume 8252, Page 220 of the Otiicial Public Records of Lubbock County, Texas, (3) that certain 1.50 acre tract of land described in a Warranty Deed recorded in Volume 2793, Page 126 of the Real Property Records of Lubbock County, Texas, (4) that certain 0 94 acre tract of land described in a Warranty Deed recorded in Volume 4827, Page 188 of the Real Property Records of Lubbock County, Texas, and (5) Crenwelge Addition, Lot 1, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 5116, Page 19S of the Real Property Records of Lubbock County, Texas, at a distance of 868.45 fat pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of 26th Street, herein dedicated, continuing for a total distance a distance of 900.45 feet to a 1/2" iron rod with a cap marked "AMD ENO" set in the north line of said Southwest Quarter (SW/4) for the northwest comer of said 4 25 acre tract and the most northerly northwest comer of these plat limits, having coordinates of Northing: 7,271,819.92 and Easting. 910,714.61 of the Texas Coordinate System of 1993 (2011), Texas North Central Zone, whence a conon spindle found in the centerline of said Upland Avenue at the west quarter comer of said Section 43 bears N 88° 1 V 07" W a distance of 295.21 feet, said quarter section comer having coordinates of Northing. 7,271,829.17 and Easting: 910.419.61 of the Texas Coordinate System of 1993 (2011). Texas North Central Zone, THENCE S. 880 1 I' 07" E., along the north line of said Southwest Quarter (SWA), a distance of 317.51 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for a comer of these plat limits; THENCE S. 010 54' 23" W., at a distance of 32.00 feet pass a I /2" iron rod with a cap marked "AMD ENO" set in the south right-of-way line of said 26th Street, continuing for a total distance of 200.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits, 015 6P Street, Suite 300 TBPL Rcg I f-9197 Office (906) 771.5976 1 ublack Texas 79424 rBPfi S Reg 010178100 Fax (11%) 771.7625 i AMD Engineering and Surveying THENCE S. 880 11' 07" E. a distance of 256.23 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; THENCE N. 010 54' 23" E., at a distance of 168.00 feat pass a 1/2" iron rod with a cap masked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing for a total distance a distance of 200.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the north line of said Southwest Quarter (S W/4) for a comer of these plat limits; THENCE S. 88° 11' 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 272.00 fat to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for the northeast comer of said 17 70 acre tract and time plat limits, having coordinates of Northing: 7,271,793.04 and Fasting: 911,559.72 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. Ole 54' 23" W., along the west plat limits of said Pine Hills Addition at a distance of 32.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing at a distance of 45.69 feet pass the south right-of-way line of 26th Street as dedicated with the plat of said Pine Hills Addition, continuing for a total distance of 1105.33 fat to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set at an ell corner of the plat limits of said Pine Hills Addition for the southeast corner of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7.270.699.59 and Fasting: 911,522.% of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 88e 08' 47" W., at a distance of 1085.42 feel pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the cast right -of --way line of said Upland Avenue, continuing for a total distance of 1140.42 feet to the Point of Begloaleg. Bearings and coordinates are based on the Texas Coordinate System of 1983 (2011), Texas North Central Zone. The convergence angle to True North is -1 ° 53' 35.55" and the combined scale factor is 0.99975996. Distances are at surface, in U.S. survey feet. I, Norris Stevens, Registered Professional land Surveyor, do hereby certify that this description was prepared from an actual survey of the property and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed August 31, 2021 • i Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 /- 2o "Revised IRllIl022 Corrected the bearing on the 8° call 2 0zg 210574 See 43 atk AK, Toner Taut. 6515 68* Street, Suite 300 1 BPC Reg. 0 V-9197 Office: (906) 771.5976 Lubbock. Texas 79424 TD17 IS Reg 8101785.00 fa% (8061771.7625 10 Service Plan Tax Year Property Values (Taxable)' Discounted Property Values Fiscal Year Revenues Interest Earnings Assessment @ $0.18 Total Expenses Basin Park Maintenance Annual Operating Cost Administrative Costs Total Cash Reserve Exhibit B City of Lubbock, TX Finance Department Upland Crossing 3 Public Improvement District 2023 Preliminary Service Plan February 16, 2023 Proposed Budget Projected 2023 2024 2025 2026 2027 Totals 58,165 52,349 2023-24 17,559,328 15, 803,395 1 2024-25 17,910,515 16,119,463 2025-26 18,268,725 16,441,853 2026-27 18,634,100 16,770,690 2027-28 18,634,100 16,770,690 Totals* $ - 94 - 28,446 71 29,015 47 29,595 21 30,187 S 139 117,338 $ 94 28,446 29,086 29,642 30,208 $ 117,477 $ - 6,000 4,000 - 6,000 9,000 15,000 6,120 9,180 15,300 6,242 9,364 15,606 6,367 9,551 $ 45,906 30,730 41,094 $ 10,0001 1s,000 30,300 30,906 31,524 $ 117,730 $ (9,906) 3,540 I,326 1,062 1,011 $ 1,011 Assessment Information for $100,000 Home $180 11 Attachment 1 2023 Service and Assessment Plan Required Attachment Sec. 5.014. NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT. (a) A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, shall first give to the purchaser of the property the written notice prescribed by Subsection (a-1) or (a-2), as applicable. (a-1) Except for the notice prescribed by Subsection (a-2), the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality or county levying assessment), TEXAS CONCERNING THE FOLLOWING PROPERTY (insert property address) As the purchaser of the real property described above, you are obligated to pay assessments to (insert name of municipality or county, as applicable), Texas, for the costs of a portion of a public Improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under (insert Subchapter A Chapter 372, Local Government Code, or Chapter 382, Local Government Code, as applicable). AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAYBE PAID IN FULL AT ANYTIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from (insert name of municipality or county, as applicable). The exact amount of each annual installment will be approved each year by (insert name of city council or county commissioners court, as applicable) in the annual service plan update for the district. More Information about the assessments, including the amounts and due dates, may be obtained from (insert name of municipality or county, as applicable). Your failure to pay any assessment or any annual installment may result In penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (a-2) For a district described by Section 372.0035. Local Government Code, the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality levying assessment), TEXAS Signature of Purchaser 12 (a-2) For a district described by Section 372.0035, Local Government Code, the notice required by Subsection (a) shall be executed by the seller and must, except as provided by Subsection (b), read as follows: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO (insert name of municipality levying assessment), TEXAS CONCERNING THE FOLLOWING HOTEL PROPERTY (insert property address) As the purchaser of the real property described above, you are obligated to pay assessments to (insert name of municipality), Texas, for the costs of a portion of a public improvement or services project (the "Authorized Services") undertaken for the benefit of the property within (insert name of public improvement district) (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED SERVICES, WHICH MUST BE PAID IN FULL WITH EVERY PAYMENT BY THE HOTEL OF LOCAL HOTEL OCCUPANCY TAX REMITTANCES TO THE MUNICIPALITY. YOUR FAILURE TO PAY THE ASSESSMENT MAY RESULT IN PENALTIES AND INTEREST BEING ADDED TO WHAT YOU OWE, AND MAY INCLUDE THE PURSUIT OF ANY OTHER REMEDY THAT IS AUTHORIZED UNDER SECTION 372.003S(d), LOCAL GOVERNMENT CODE. Information about the calculation of the assessment may be obtained from (insert name of the municipality). The exact assessment rate will be approved each year by (insert name of city council) in the annual service plan update for the district. More information about the assessments, Including the assessment rate and due dates, may be obtained from (insert name of municipality). The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. Date: Signature of Purchaser (b) The seller or the municipality or county that created the public improvement district may provide additional information regarding the district in the notice prescribed by Subsection (a-1) or (a- 2), including whether an assessment has been levied, the amount of the assessment, and the payment schedule for assessments. (c) This section does not apply to a transfer: (1) under a court order or foreclosure sale; (2) by a trustee in bankruptcy; 13 (3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor In interest; (4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; (5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; (6) from one co-owner to another co-owner of an undivided Interest in the real property; (7) to a spouse or a person in the lineal line of consanguinity of the seller; (8) to or from a governmental entity; or (9) of only a mineral interest, leasehold interest, or security interest. (d) For the purposes of this section, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring notice. Added by Acts 2005, 79th Leg., Ch.1085 (H.B. 1919), Sec. 1, eff. January 1, 2006. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B.1969), Sec. 20.002, eff. September 1, 2009. Acts 2021, 87th Leg., R.S., Ch. 253 (H.B.1543), Sec. 3, eff. September 1, 2021. 14 Exhibit C City of Lubbock, TX Upland Crossing 3 Public Improvement District 2023 Assessment Roll (Provided by LCAD 2-8-23) Property ID PartyName PartyAddress SitusAddress LegalDescription 2023 Market 2023 Estimated 2023 Estimated Value Taxable Value Assessment R150427 BETENBOUGH HOMES LLC 6305 82ND ST LUBBOCK 79407 BLK AK SEC 43 AB 184 TR 16,059 16,059 $ 28.91 LUBBOCK, TX 79424- 13A AC: 3.8235 R32832 BETENBOUGH HOMES LLC 6305 82ND ST LUBBOCK 79407 BLK AK SEC 43 AB 184 TR 42,106 42,106 75.79 LUBBOCK, TX 79424- 1 ACS:17.7 3681 58,165 58,165 $ 104.70 15 Exhibit B Upland Crossing 3 Public Improvement District 2024 AMENDED SERVICE AND ASSESSMENT PLAN AUGUST 27, 2024 \1 of Lubbock TFXA City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Amended Service and Assessment Plan August 27,2024 TABLE OF CONTENTS Tableof Contents........................................................................................................................................1 Section I: Plan Description and Defined Terms..........................................................................................2 Section II: Property Included in the PID......................................................................................................4 Section III: Description of the Improvement Project..................................................................................4 Section IV: Service Plan/Sources and Uses of Funds..................................................................................5 SectionV: Assessment Plan................................................................................................................................6 Section VI: Terms of the Assessments................................................................................................................6 Listof Exhibits.............................................................................................................................................7 Exhibit A - PID Legal Description and Map......................................................................................................A-1 ExhibitB —Assessment Roll.....................................................................................................................B-1 Exhibit C—PID Assessment Notice............................................................................................................... C-1 1 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Amended Service and Assessment Plan August 27,2024 Plan Description and Defined Terms A. Introduction Chapter 372 of the Texas Local Government Code, Improvement Districts in Municipalities and Counties" (as amended, the "PID Act"), governs the creation of public improvement districts within the State of Texas. The City of Lubbock created the Upland Crossing 3 Public Improvement District (the "PID") to maintain the public improvements associated with the Upland Crossing 3 planned development and for the benefit of certain property in the PID, all of which is located within the City. (Capitalized terms used herein shall have the meanings ascribed to them in Section 1.13 of this Amended Service and Assessment Plan.) This Amended Service and Assessment Plan has been prepared pursuant to Sections 372.013, 372.014, 372.015 and 372.016 of the PID Act. According to Section 372.013 of the PID Act, a service plan "must cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements. The plan shall be reviewed and updated annually for the purpose of determining the annual budget for improvements." The service plan is included in Section IV of this Amended Service and Assessment Plan. Section 372.014 of the PID Act states that "an assessment plan must be included in the annual service plan." The assessment plan is described in Section V of this Amended Service and Assessment Plan. Section 372.015 of the PID Act states that "the governing body of the municipality or county shall apportion the cost of an improvement to be assessed against property in an improvement district." The method of assessing the Costs of the improvements to the property in the PID is included in Sections V and VI of this Amended Service and Assessment Plan. Section 372.016 of the PID Act states that "after the total cost of an improvement is determined, the governing body of the municipality or county shall prepare a proposed assessment roll. The roll must state the assessment against each parcel of land in the district, as determined by the method of assessment chosen by the municipality or county under this subchapter." The Assessment Roll for the PID is included as Exhibit a of this Amended Service and Assessment Plan. The Assessments as shown on the Assessment Roll are based on the method of assessment described in Section V of this Amended Service and Assessment Plan. The City Council shall make all determinations necessary herein. 7 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Amended Service and Assessment Plan August 27,2024 The City Council intends for the obligations, covenants and burdens on the owner of the Assessed Property, including without limitation such owner's obligations related to the payment of the Assessments, to constitute a covenant running with the land. The Assessments levied hereby shall be binding upon the owners of Assessed Property, and their respective transferees, legal representatives, heirs, devisees, successors and assigns. The Assessments shall have lien priority as specified in the PID Act. This Amended Service and Assessment Plan provides for maintenance of improvements benefiting the entire area of the Upland Crossing 3 PID. B. Definitions The terms used herein shall have the following meanings. "Annual Service Plan Amendment" has the meaning set forth in the first paragraph of Section IV of this Amended Service and Assessment Plan. "Assessed Property" means, for any year, parcels within the PID. "Assessment" means, with respect to each Parcel, the assessment imposed against such Parcel pursuant to the Assessment Ordinance and the provisions therein, as shown on the Assessment Roll, subject to reallocation among Parcels and reduction according to the provisions herein and the PID Act. "Assessment Ordinance" means the Assessment Ordinance approved by the City Council approving and adopting this Amended Service and Assessment Plan. "Assessment Roll" means the document included in this Amended Service and Assessment Plan as Exhibit B, as updated, modified, or amended annually in accordance with the procedures set forth herein and in the PID Act. "City" means City of Lubbock, Texas. "City Council" means the duly elected governing body of the City. "Costs" mean the actual or budgeted costs, as applicable, of all or any portion of the maintenance of the public improvements, operation, and other supplemental services, as described in Section IV of this Amended Service and Assessment Plan. "Developer" means Betenbough Homes, Inc. 3 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Amended Service and Assessment Plan August 27,2024 "Legal Description" means the metes and bounds legal description of the PID area included as Exhibit to this Amended Service and Assessment Plan. "Improvement Project" means the maintenance of the public improvements that will provide a special benefit to the property in the PID and described in Section IV of this Amended Service and Assessment Plan and Section 372.003 of the PID Act. "Parcel" means a parcel identified by either a tax map identification number assigned by the Lubbock County Appraisal District for real property tax purposes or by lot and block number in a final subdivision plat recorded in the real property records of Lubbock County, Texas or identified by any other reasonable means determined by the City Council. "PID" has the meaning set forth in the second paragraph of Section LA of this Amended Service and Assessment Plan. "PID Act" means Texas Local Government Code Chapter 372, Improvement Districts in Municipalities and Counties, Subchapter A, Public Improvement Districts, as amended. "PID Map" means the map included as Exhibit A to this Amended Service and Assessment Plan identifying the property included in the PID. "Service and Assessment Plan" means this Amended Service and Assessment Plan prepared for the PID pursuant to Section 372.013, 372,014, 372.015, and 372.016 of the PID Act. Section II Property Included in the PID The PID is located in the City of Lubbock, Texas. A map of the property included in the PID and a legal description is shown on Exhibit A to this Amended Service and Assessment Plan. The 21.646-acre development is expected to consist of approximately 100 residential units, drainage basin, and associated rights of way, landscaping, and infrastructure. An explanation of the method of assessing property is included in Section V. Section III Description of the Improvement Project The general nature of the proposed public improvements is: (i) acquisition, construction, or drainage facilities or improvements, (ii) the design, construction, and maintenance of Parks and green spaces together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), athletic facilities, pavilions, community facilities, irrigation, walkways, 4 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Amended Service and Assessment Plan August 27,2024 lighting, benches, trash receptacles and any similar items located therein along with all necessary grading, drainage, and similar infrastructure involved in the maintenance of such parks and green spaces; landscaping, hardscape and irrigation; and (iii) payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District. The District is to supplement and enhance services within the District. The public improvements will be constructed by the Developer with no reimbursement from the PID. After analyzing the maintenance, operation, and other supplemental services related to the Public Improvements, the City has determined that the maintenance of the public improvements authorized by the PID Act, shown in Exhibit B, should be performed by the City and has further determined that these maintenance activities will be of special benefit to all the Assessed Property within the PID. A. Maintenance of Public Improvements The cost of the maintenance, operation and other supplemental services to be funded through assessments on Assessed Property is estimated at $10,881 in FY 2023-24 and increases to $27,384 in FY 2028-29, with 2 percent annual growth thereafter. The budget for the maintenance, operation, and other supplemental services will be determined annually by the City and will be included in a Service Plan Amendment along with amendments to the Assessment Roll reflecting assessments (the "Maintenance Assessment") based on such budget for maintenance, operation and necessary supplemental services. Section IV Service Plan/Sources and Uses of Funds Section 372.013 of the PID Act requires the Service and Assessment Plan to "cover a period of at least five years and must also define the annual indebtedness and the projected costs for improvements. The Developer plans to make improvements at a cost of $250,000. The PID will not reimburse the Developer for those improvements. The PID will maintain the public improvements. The plan shall be reviewed and updated annually for the purpose of determining the annual budget for maintenance." Such annual update to this Amended Service and Assessment Plan is herein referred to as the "Annual Service Plan Amendment." The Upland Crossing 3 PID will have no indebtedness and the PID assessments will fund the maintenance of the public improvements, operation, and other supplemental services. The table below shows estimated sources and uses of funds including the projected cost of maintaining the public improvements. 5 Service Plan Tax Year Property Values (Taxable) ` Discounted Property Values Fiscal Year Revenues Interest Earnings Assessment @ $0.18 Total Expenses Basin Park Maintenance Annual Operating Cost Administrative Costs Total Cash Reserve City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Amended Service and Assessment Plan August 27,2024 Adopted Proposed Budget Bud et Projected 2023 2024 2025 2026 2027 2028 Totals 58,165 10,209,130 15,663,313 21,926,579 22,365,110 22,812,413 22,812,413 52,349 9,188,217 14,096,981 19,733,921 20,128,599 20,531,171 20,531,171 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 Totals' $ - - - 201 389 584 $ 1,173 94 16,539 25,375 35,521 36,231 36,956 150,716 $ 94 16 539 25 375 35,722 36,620 37,540 $ 151889 $ 15,000 15,300 15,606 $ 45,906 6,000 4,332 4,419 4,507 4,597 4,689 28,544 4,000 6,549 6,680 6,814 6,950 7,089 38,081 $ 10,000 10,881 11099 26,321 26,847 27,384 $ 112 531 $ 9,906(4,248)110,028 19,429 29,202 39,358 $ 39,358 Assessment Information for $100,000 Home $180 The sources and uses of funds table is subject to revision each year. Section V Assessment Plan The PID was created and the assessment is being levied pursuant to Section 372.015 of the PID Act, "Determination of Assessment." A. Allocation of assessment • Properties will be assessed based on the City's 2024 "net taxable value" as established by the Lubbock Central Appraisal District and submitted to the City under Tax Code Section 26.04. • Assessment will be $0.18 per $100 valuation • All property will be assessed based on the final 2024 "net taxable value". Section VI Terms of the Assessments The annual assessment for each parcel within the PID shall be shown on the assessment roll. The amount of the assessment could change each year when the Service and Assessment Plan are 6 City of Lubbock, Texas Finance Department Upland Crossing 3 Public Improvement District Amended Service and Assessment Plan August 27,2024 adopted due to increased value on a parcel or the estimated cost of maintaining the public improvements, repair or replacement costs, and operational or administrative costs. List of Exhibits Exhibit A PID Legal Description and Map Exhibit B Assessment Roll Exhibit C PID Assessment Notice 7 No Text Exhibit A AMD Engineering and Surveying A 21.646 ACRE TRACT IN THE SOUTHWEST QUARTER OF SECTION 43, BLOCK AK, E.L. & R.R. RR. CO. SURVEY, ABSTRACT NO. 184, LUBBOCK COUNTY, TEXAS A 21.646 acre tract of land located in the Southwest Quarter (SW/4) of Section 43, Block AK, E.L. & R.R. RR. Co. Survey, Abstract Number 184, Lubbock County, Texas, being all of that certain tract of land described as 17.70 acres in a Warranty Deed rem in Volume 1472, Page 646 of the Deed Records of Lubbock County, Texas, and a portion of that certain tract of land described as 4.25 acres in a Warranty Deed recorded in Volume 6043, Page 101 of the Real Property Records of Lubbock County. Texas, said 21.646 acre tract being further described by motes and bounds as follows: BEGINNING at a "MAG" nail set in the centerline of Upland Avenue and in the west line of said Section 43 at the southwest corner of said 17.70 acre tract, same being the most westerly northwest comer of the plat limits of Pine Hills Addition, a subdivision according to the map, plat and/or dedication deed thereof recorded in Volume 1709, Page 661 of the Deed Records of Lubbock County, Texas, and for the southwest comer of these plat limits, having coordinates of Northing: 7,270,725.47 and Easting: 910,393.41 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a railroad spike found at the southwest corner of said Section 43 bears S. 01 ° 52' 44" W. a distance of 1339.75 fed, said section corner having coordinates of Northing: 7,269,186.91 and Easting: 910,332.94 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE N. 01 ° 52' 44" E., along the centerline of Upland Avenue and the west line of said Section 43 at a distance of 170.25 feet pass a railroad spike found, continuing for a total distance of 204.33 fed to a "MAG" nail set for the most westerly northwest corner of these plat limits, same being the southwest comer of that certain 1.00 acre tract of land described in a Warranty Deed recorded in County Clerk's File Number 2019003570 of the Official Public Records of Lubbock County, Texas; THENCE S. 88° 08' 32" E., at a distance of $5.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" sot in the east right-of-way line of Upland Avenue, herein dedicated, continuing at a distance of 55.61 feet pass a 1/2" iron rod with a green broken cap found, continuing for a total distance of 2%14 feet to a 1/2" iron rod with a cap marked "RPLS 4460" found at the southeast comer of said 1.00 acre tract for an ell corner of these plat limits; THENCE N. 010 48' 47" fE., along the east lines of five tracts of land, being: (1) said 1.00 acre tract, (2) Lynch Addition, Lots I -A and 1-8, an addition to the City of Lubbock, Lubbock County, Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 8252, Page 220 of the Official Public Records of Lubbock County, Texas, (3) that certain 1.50 acre tract of land described in a Warranty Deed recorded in Volume 2793, Page 126 of the Real Property Records of Lubbock County, Texas, (4) that certain 0.94 acre tract of land described in a Warranty Deed recorded in Volume 4927, Page 188 of the Real Property Records of Lubbock County, Texas, and (5) Crenwelge Addition, Lot I, an addition to the City of Lubbock, Lubbock County. Texas, according to the map, plat and/or dedication deed thereof recorded in Volume 5116, Page 195 of the Real Property Records of Lubbock County, Texas, at a distance of 86BAS feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of 26th Street, herein dedicated, continuing for a total distance a distance of 900.45 feet to a 1/2" iron rod with a cap marked "AMD ENG" set in the north line of said Southwest Quarter (SW/4) for the northwest corner of said 4.25 acre tract and the most northerly northwest comer of these plat limits, having coordinates of Northing: 7,271,819.92 and Easting: 910,714.61 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone, whence a cotton spindle found in the centerline of said Upland Avenue at the west quarter corner of said Section 43 bears N. 880 1 V 07" W. a distance of 295.21 fed, said quarter section corner having coordinates of Northing. 7,271,829.17 and Easting: 910,419.61 of the Texas Coordinate System of 1983 (2011). Texas North Central Zone; THENCE S. 886 1 P 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 317.51 fed to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set for a comer of these plat limits; THENCE S. 010 54' 23" W., at a distance of 32.00 fed pass a 112" iron rod with a cap marked "AMD ENG" sot in the south right-of-way line of said 26th Street, continuing for a total distance of 200.00 feet to a 1f2" iron rod with a cap marked "AMD ENGINEERING" set for an ell comer of these plat limits; 6515 60 Slrect, Suite 300 TBPE Reg. 0 F-9197 Office: (806) 771-5976 1ubbock.Tex= 7W24 wris Reg p101785.00 Fax: (E06)771-7625 A-2 Exhibit A AMD Engineering and Surveying THENCE S. Br I V 07" E. a distance of 256.23 feet to a In" iron rod with a cap marked "AMD ENGINEERING" set for an ell corner of these plat limits; THENCE N. 010 54' 23" E., at a distance of 168.00 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing for a total distance a distance of 200.00 feet to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the north line of said Southwest Quarter (S W/4) for a corner of these plat limits; THENCE S. 88° 1 I' 07" E., along the north line of said Southwest Quarter (SW/4), a distance of 272.00 fed to a l2" iron rod with a cap marked "AMD ENGINEERING" set for the northeast comer of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,271,793.04 and Easting: 911,539.72 of the Texas Coordinate System of 1983 (2011), Texas North Central Zone; THENCE S. 010 54' 23" W., along the west plat limits of said Pine Hills Addition at a distance of 32.00 fed pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the south right-of-way line of said 26th Street, continuing at a distance of 45.69 fed pass the south right-of-way line of 26th Street as dedicated with the plat of said Pine Hills Addition, continuing for a total distance of 1105.33 fed to a 1/2" iron rod with a cap marked "AMD ENGINEERING" set at an all corner of the plat limits of said Pine Hills Addition for the southeast comer of said 17.70 acre tract and these plat limits, having coordinates of Northing: 7,270,698.59 and Easting: 911,522.% of the Texas Coordinate System of 1983 (2011). Texas North Central Zone; THENCE N. 990 08' 47" W., at a distance of 1085.42 feet pass a 1/2" iron rod with a cap marked "AMD ENGINEERING" set in the east right-of-way line of said Upland Avenue, continuing for a total distance of 1140.42 fed to the Point of Beginning. Bearings and coordinates are based on the Texas Coordinate System of 1993 (2011), Texas North Central Zone. The convergence angle to True North is -10 53' 35.55" and the combined scale factor is 0.99975996. Distances are at surface, in U.S. survey fed. I, Norris Stevens, Registered Professional Land Surveyor, do hereby certify that this description was prepared from an actual survey of the property and that the information hereon represents the findings of this survey to the best of my knowledge and belief. Surveyed August 31, 2021 aj Norris Stevens Registered Professional Land Surveyor, State of Texas, Seal No. 4339 **Revised 1/2WO22 Corrected the bearing on the 80 call 2IW74 See 43 111k AK. Twmr Tray 6515 68* StreeL Suite 300 I OFE: Reg. 0 F-9197 Lubbock. Texas 79424 TDP17.S Reg. M101783-00 2 .o/- wf* Office: (806) 771-5976 Fax (8061771-7625 A-3 Exhibit 8 Upland Crossing 3 Public Improvement District Assessment Roll and Estimated Assessment 2024 Tax Year Property Prel. Taxable Estimated 2024 • • ASERON MARIA V & HUERTA • ddress 2631 TIFFIN AVE Property Address 2631 TIFFIN AVE, Property LegalDescription R349304 JOSEPH LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1124 230,808 $ 415.45 YOON JAECHUN & MAY HARRY & 2629 TIFFIN AVE 2629 TIFFIN AVE, R349305 LILY LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1125 229,706 413.47 2627 TIFFIN AVE 2627 TIFFIN AVE, R349306 OBEIRNE GARRETT & ANNELISE LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1126 223,832 402.90 2625 TIFFIN AVE 2625 TIFFIN AVE, R349307 IVADDER, BENJAMIN B LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1127 203,854 366.94 2623 TIFFIN AVE 2623 TIFFIN AVE, R349308 ANDERSON, JAKE R LUBBOCK TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1128 218,525 393.35 6305 82ND ST 2621 TIFFIN AVE, R349309 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1129 204,196 367.55 GREEVER-SMITH TAYLOR & SMITH 2619 TIFFIN AVE 2619 TIFFIN AVE, R349310 KEVIN LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1130 178,908 322.03 2617 TIFFIN AVE 2617 TIFFIN AVE, R349311 IROBERTS KENDAL & NOLAN LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1131 210,163 378.29 2615 TIFFIN AVE 2615 TIFFIN AVE, R349312 STANLEY, STEVE 1 LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1132 186,204 335.17 2613 TIFFIN AVE 2613 TIFFIN AVE, R349313 SMITH RAYMOND & TINA LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1133 205,331 369.60 2611 TIFFIN AVE 2611 TIFFIN AVE, R349314 BROTHERS, DINAH LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1134 223,832 402.90 2609 TIFFIN AVE 2609 TIFFIN AVE, R349315 ISUMNER, LAMES BROCK LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1135 210,1631 378.29 6305 82ND ST 2607 TIFFIN AVE, R349316 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1136 45,000 81.00 6305 82ND ST 2605 TIFFIN AVE, R349317 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1137 45,000 81.00 6305 82ND ST 2603 TIFFIN AVE, R349318 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1138 45,000 81.00 2601 TIFFIN AVE 2601 TIFFIN AVE, R349319 IWALL ADDISON & RONNY & JALYN LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1139 64,2801 115.70 I 6305 82ND ST 2602 TIFFIN AVE, R349320 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1140 45,000 81.00 6305 82ND ST 2604 TIFFIN AVE, R349321 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1141 45,000 81.00 6305 82ND ST 2606 TIFFIN AVE, R349322 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1142 45,000 81.00 630582NDST 2608 TIFFIN AVE, R349323 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1143 45,000 81.00 2610 TIFFIN AVE 2610 TIFFIN AVE, R349324 RUMFIELD SARA E & AARON LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1144 275,882 496.59 2612 TIFFIN AVE 2612 TIFFIN AVE, R349325 NIEVES, JOSEPH LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1145 199,245 358.64 2614 TIFFIN AVE 2614 TIFFIN AVE, R349326 HITT, VICKI LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1146 210,163 378.29 DAQUIOAG MICHAEL R & 2616 TIFFIN AVE 2616 TIFFIN AVE, R349327 MICHELLE U LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1147 205,331 369.60 2618 TIFFIN AVE 2618 TIFFIN AVE, R349328 ICOLLIER, RYAN LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1148 178,908 322.03 2620 TIFFIN AVE 2620 TIFFIN AVE, R349329 CHELAGIRI ROBY & DIMPLE LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1149 199,245 358.64 2622 TIFFIN AVE 2622 TIFFIN AVE, R349330 MOORE, SAMMY RUSSELL, Jr LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1150 186,204 335.17 2624 TIFFIN AVE 2624 TIFFIN AVE, R349331 TREVINO, LEONARD CHRISTOPHER LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1151 195,647 352.16 2626 TIFFIN AVE 2626 TIFFIN AVE, R349332 IMEDEIROS JOSEPH & ANNA-LISA LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1152 188,277 338.90 NGUYEN NGOC NHAT & LE HUNG 2628 TIFFIN AVE 2628 TIFFIN AVE, R349333 HOANG LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1153 195,647 352.16 2630 TIFFIN AVE 2630 TIFFIN AVE, R349334 BARCHEERS KACEE & ROBERT LUBBOCK TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1154 199,245 358.64 6305 82ND ST 2807 TRENTON AVE, R349335 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1155 45,000 81.00 6305 82ND ST 2805 TRENTON AVE, R349336 IBETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1156 45,000 81.00 6305 82ND ST 2803 TRENTON AVE, R349337 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1157 45,000 81.00 6305 82ND ST 2801 TRENTON AVE, R349338 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1158 45,000 81.00 6305 82ND ST 2713 TRENTON AVE, R349339 BETENBOUGH HOMES LLC I LUBBOCK, TX 79424-3681 iLUBBOCK,TX 79407 UPLAND CROSSING L 1159 45,000 81.00 6305 82ND ST 2711 TRENTON AVE, f R349340 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1160 45,000 81.00 B-1 Exhibit B Upland Crossing 3 Public Improvement District Assessment Roll and Estimated Assessment 2024 Tax Year Property Prel. Taxable Estimated 2024 • Owner Name Owner Address 6305 82ND ST Property Address 2709 TRENTON AVE, Property Legal Description R349341 BETENBOUGH HOMES LLC LUBBOCK TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1161 45,000 81.00 6305 82ND ST 2707 TRENTON AVE, R349342 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1162 45,000 81.00 6305 82ND ST 2705 TRENTON AVE, R349343 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1163 45,000 81.00 6305 82ND 5T 2703 TRENTON AVE, R349344 IBETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1164 45,000 81.00 6305 82ND ST 2701 TRENTON AVE, R349345 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1165 45,000 81.00 6305 82ND ST 2702 TRENTON AVE, R349346 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1166 45,000 81.00 6305 82ND ST 2704 TRENTON AVE, R349347 BETENBOUGH HOMES LLC LUBBOCK TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1167 45,000 81.00 630582NDST 2706 TRENTON AVE, R349348 IBETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1168 45,000 81.00 6305 82ND ST 2708 TRENTON AVE, R349349 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1169 45,000 81.00 6305 82ND ST 2710 TRENTON AVE, R349350 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1170 45,000 81.00 6305 82ND ST 2712 TRENTON AVE, R349351 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1171 45,000 81.00 6305 82ND 5T 2802 TRENTON AVE, R349352 I BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1172 45,0001 81.00 6305 82ND ST 2804 TRENTON AVE, R349353 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1173 45,000 81.00 6305 82ND ST 2806 TRENTON AVE, R349354 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1174 45,000 81.00 6305 82ND ST 2808 TRENTON AVE, R349355 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1175 45,000 81.00 6305 82ND ST 2810 TRENTON AVE, R349356 I BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1176 4S,0001 81.00 6305 82ND ST 2812 TRENTON AVE, R349357 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1177 45,000 81.00 6305 82ND ST 2814 TRENTON AVE, R349358 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1178 45,000 81.00 6305 82ND 5T 2813 TURNER AVE, R349359 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1179 65,042 117.08 6305 82ND ST 2811 TURNER AVE, R349360 I BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1180 65,042 1 117.08 6305 82ND ST 2809 TURNER AVE, R349361 BETENBOUGH HOMES LLC LUBBOCK TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1181 62,650 112.77 6305 82ND 5T 2807 TURNER AVE, R349362 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1182 54,820 98.68 6305 82ND ST 2805 TURNER AVE, R349363 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1183 67,360 121.25 ALLEN KASSIDI & SHERRI & 2803 TURNER AVE 2803 TURNER AVE, R349364 ITIMOTHY LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1184 61,7381 111.13 6305 82ND ST 2801 TURNER AVE, R349365 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1185 117,259 211.07 6305 82ND ST 2717 TURNER AVE, R349366 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1186 45,000 81.00 6305 82ND ST 2715 TURNER AVE, R349367 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1187 158,550 285.39 6305 82ND ST 2713 TURNER AVE, R349368 I BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1188 61,738 111.13 6305 82ND ST 2711 TURNER AVE, R349369 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1189 64,735 116.52 2709 TURNER AVE 2709 TURNER AVE, R349370 WHITAKER ALVIN & JENNIFER LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1190 201,518 362.73 6305 82ND ST 2707 TURNER AVE, R349371 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1191 158,550 285.39 6305 82ND ST 2705 TURNER AVE, R349372 I BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1192 158,550 285.39 I 6305 82ND ST 2703 TURNER AVE, R349373 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1193 68,052 122.49 2701 TURNER AVE 2701 TURNER AVE, R349374 BROOKS ANDREW S & MORIAH N LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1194 223,878 402.98 6305 82ND ST 2702 TURNER AVE, R349375 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1195 189,517 341.13 6305 82ND ST 2704 TURNER AVE, R349376 BETENBOUGH HOMES LLC I LUBBOCK, TX 79424-3681 ILUBBOCK,TX 79407 UPLAND CROSSING L 1196 64,708 116.47 2706 TURNER AVE 2706 TURNER AVE, R349377 BACA, JAVIER 1 LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1197 186,204 335.17 P2 Exhibit B Upland Crossing 3 Public Improvement District Assessment Roll and Estimated Assessment 2024 Tax Year Property Prel. Taxable Estimated 2024 ID Owner Name Owner Address 6305 82ND ST Property Address 2708 TURNER AVE, Property Legal Description ValUe Assessment R349378 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1198 45,000 81.00 2710 TURNER AVE 2710 TURNER AVE, R349379 ALBUTRA, ETHEL LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1199 185,290 333.52 6305 82ND ST 2712 TURNER AVE, R349380 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1200 127,581 229.65 2714 TURNER AVE 2714 TURNER AVE, R349381 ILONG, MORGAN ELIZABETH LUBBOCK TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1201 18S,2901 333.52 6305 82ND ST 2716 TURNER AVE, R349382 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1202 64,280 115.70 2718 TURNER AVE 2718 TURNER AVE, R349383 SATTERFIELD, JACOB LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1203 168,553 303.40 5 STONERIDGE DR, VILLA 1 2720 TURNER AVE, R349384 BARNHILL RENTAL PROPERTIES LLC AMARILLO, TX 79124 LUBBOCK, TX 79407 UPLAND CROSSING L 1204 64,361 115.85 6305 82ND ST 2722 TURNER AVE, R349385 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1205 60,919 109.65 6305 82ND ST 2802 TURNER AVE, R349386 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1206 45,000 81.00 6305 82ND ST 2804 TURNER AVE, R349387 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1207 60,919 109.65 6305 82ND ST 2806 TURNER AVE, R349388 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1208 45,000 81.00 16206 COUNTY ROAD 1735 2808 TURNER AVE, R349389 ISIME, PAMELA LUBBOCK, TX 79424 LUBBOCK, TX 79407 UPLAND CROSSING L 1209 61,738 111.13 6305 82ND ST 2810 TURNER AVE, R349390 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1210 45,000 81.00 2701 TURNER AVE 2812 TURNER AVE, R349391 BROOKS ANDREW & MORIAH LUBBOCK, TX 79407 LUBBOCK, TX 79407 UPLAND CROSSING L 1211 115,145 207.26 6305 82ND ST 2814 TURNER AVE, R349392 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 LUBBOCK, TX 79407 UPLAND CROSSING L 1212 45,000 81.00 6305 82ND ST 7245 29TH 5T, LUBBOCK, R349393 IBETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1213 45,000 81.00 6305 82ND ST 7243 29TH ST, LUBBOCK, R349394 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1214 45,000 81.00 6305 82ND 5T 7241 29TH ST, LUBBOCK, R349395 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1215 45,000 81.00 6305 82ND ST 7239 29TH ST, LUBBOCK, R349396 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1216 45,000 81.00 6305 82ND ST 7237 29TH ST, LUBBOCK, R349397 IBETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1217 45,000 81.00 6305 82ND ST 7235 29TH ST, LUBBOCK, R349398 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1218 45,000 81.00 6305 82ND ST 7233 29TH ST, LUBBOCK, R349399 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1219 45,000 81.00 6305 82ND ST 723129TH ST, LUBBOCK, R349400 BETENBOUGH HOMES LLC LUBBOCK, TX 79424.3681 TX 79407 UPLAND CROSSING L 1220 45,000 81.00 6305 82ND ST 7229 29TH ST, LUBBOCK, R349401 IBETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1221 45,000 81.00 6305 82ND ST 7227 29TH ST, LUBBOCK, R349402 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1222 45,000 81.00 6305 82ND ST 7225 29TH ST, LUBBOCK, R349403 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1223 45,000 81.00 6305 82ND ST 7223 29TH ST, LUBBOCK, R349404 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1224 45,000 81.00 6305 82ND ST 722129TH ST, LUBBOCK, R349405 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING L 1225 45,000 81.00 6305 82ND ST 720128TH ST, LUBBOCK, R349406 BETENBOUGH HOMES LLC LUBBOCK, TX 79424-3681 TX 79407 UPLAND CROSSING TR 0 11,547 20.78 30,209,130 $ 18,376.43 B-3 Notice of Public Hearing for the Review of the Assessment Rate for the Upland Crossing 3 Public Improvement District Please take notice that on August 27, 2024, at 2:00 P.M., the City Council of Lubbock, Texas, will conduct a public hearing in the City Council Chamber of Citizens Tower at 1314 Avenue K, Lubbock, TX 79401. The purpose of this hearing is to consider the 2024 assessment rate for property owners in the Upland Crossing 3 Public Improvement District ("District") pursuant to Chapter 372 of the Texas Local Government Code (The "Act"). All interested persons will be given the opportunity to appear and be heard at such public hearing. Written or oral objections will be considered. The Assessment Roll will be available for viewing in the Business Development Department on the 9" Floor of Citizens Tower after August 8, 2024. The following information is hereby provided concerning the matters to be considered at such hearing: Nature of the Services and Improvements: The general nature of the proposed public improvements is: (i)acquisition, construction, or drainage facilities or improvements, (ii) the design, construction and maintenance of parks and green spaces, fences, ponds, together with any ancillary structures, features or amenities such as playgrounds, splash pads, pool(s), athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles, community signage and any 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; and (iii) payment of costs associated with developing and financing the public improvements listed in subdivision including costs of establishing, administering and operating the District. The District is to supplement and enhance services within the District, but not replace or supplant existing City services provided within the District. Estimated Cost of the Services and Improvements: The total estimated cost of services provided by the District is estimated at $102,532 over the next five years. The estimated annual cost rises from $10,881 in FY 2024-25 to $27,384 in FY 2028-29. The District shall not incur bonded indebtedness. The costs are based on a proposed assessment rate of $0.18 per $100.00 of valuation through tax year 2028. Boundaries: The District is located wholly within the City of Lubbock, Texas. The Upland Crossing 3 Public Improvement District (PID) generally covers a 21.646-acre area bounded by 26th Street to the north, Pine Hills Estates to the east, 34th Street to the south and Upland Avenue to the west. A detailed map of the District and a legal description, as well as the Assessment Roll, is available in the Business Development Department on the 9th Floor of Citizens Tower. Public hearings are available to all persons regardless of disability. If you require special assistance, please contact the City Secretary's Office at 806-775-2025 or write to P.O. Box 2000, Lubbock, Texas, 79457, at least 48 hours in advance of the public hearing. Any questions concerning the matters described in this notice should be directed to: Brianna Brown, City of Lubbock Business Development Department at 806-775-3082.