HomeMy WebLinkAboutOrdinance - 2024-O0119 - Proposed 2024 Assessment Rate, Northwest Passage PID - 09/10/2024Gt`l�of L lboc.k
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First Reading Second Reading N
August 27, 2024 September 10, 2024
Item No. 7.9 Item No. 5.11 C1
ORDINANCE NO. 2024-00119 m
S J
AN ORDINANCE REVIEWING CLASSIFICATION FOR THE METHODS OF!�
ASSESSING SPECIAL BENEFITS FOR THE SERVICES AND IMPROVEMENTS OFF
PROPERTY IN THE NORTHWEST PASSAGE PUBLIC IMPROVEMENT DISTRICT,w
APPROVING, ADOPTING AND FILING WITH THE CITY SECRETARY THEiN=0
ASSESSMENT ROLL; CLOSING THE HEARING AND LEVYING 2024;�-
ASSESSMENTS FOR THE COST OF CERTAIN SERVICES AND IMPROVEMENTS..
TO BE PROVIDED IN THE DISTRICT DURING FY 2024-25; FIXING CHARGES ANDL
LIENS AGAINST THE PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS
THEREOF; AND PROVIDING FOR THE COLLECTION OF THE ASSESSMENT
WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") allows for theme
creation of public improvement districts; and
WHEREAS, through Resolution No. 2021-RO363 the City Council of the City (the "Council"
attached hereto and incorporated herein as "Exhibit A", which made certain findings concerninf
the advisability of creating the Northwest Passage Public Improvement District (the "District")
authorized and created the District as a public improvement district under the Act, designated thi
Lubbock City Council as the entity responsible for the management of and provision of service;
and improvements to the District; and, created the initial advisory board for the District; and
WHEREAS, On November 1, 2021, the City Council passed Ordinance No. 2021-00152
approving the Service and Assessment Plan (the "Plan), which will be reviewed and revised eacl
year when necessary. The amended 2024 Plan for the District is attached hereto as "Exhibit B"
and
WHEREAS, the Act requires that the City Council review the Plan; prepare a propos
assessment roll (the "Roll") and file it with the City Secretary; and schedule a public hearing
consider the proposed assessments and receive public comment on an annual basis; and
WHEREAS, after published and mailed notice of the hearing, pursuant to the Act, a publi
hearing was held August 27, 2024, to consider objections to the proposed assessments. The Cit
Council closed the public hearing after receiving property owner's concerns and comments (bot
oral and written) on proposed 2024 assessments within the District and acted on any objection
to proposed assessments for particular parcels; and
WHEREAS, the City desired, by the calling and holding of such public hearing, to provide
reasonable opportunity for any owner of property located in the District to speak for or again
the 2024 assessment rate for a special assessment against real property and real proper
improvements exclusive of public rights -of -way, to provide funding for the District for t]
purpose of supplemental services and improvements; and
WHEREAS, the City Council desires to review classifications and formulas for
apportionment of the costs for the services and improvements of the property in the District,
Northwest Passage PID Assessment Ordinance — 2024 (FY 2024-25)
Page I
approve, adopt and file with the City Secretary the Roll which is attached hereto and i
herein as "Exhibit B"; and
WHEREAS, the City Council finds after review that the amended service plan and assess]
plan are feasible and sound and will serve the needs and desires of the property owners and
the assessment rate of $0.15 per $100.00 valuation for tax years 2024 through 2028, as determ
by the Lubbock Central Appraisal District, of the property or improvements to the prol
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
hereby found and declared to be true and correct.
SECTION 2: THAT the City Council, after review of the Plan, approves the method of assessin
special benefits of services and improvements in the Plan. Terms relating to property taxes in thi
ordinance shall be used as defined in Section 1.04 of the Texas Property Tax Code. In accordanc
with the Plan, each property owner in the District identified for assessments in 2024 receives th
same amount of service for the assessment provided. The proposed method of assessment, whic.
specifies included or excluded classes of assessable property, is based on the net taxable value c
the real property and real property improvements as determined by the Lubbock Central AppraisE
District in accordance with Chapter 25 of the Texas Property Tax Code. Public rights -of -way ar
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 Cit7
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
consider the proposed assessments at a public hearing on August 27, 2024 at 2:00 p.m. in the C
Council Chamber, 1314 Avenue K, Lubbock, Texas was published in the official newspaper
the City of Lubbock, Texas before the 10`i' day before the date of the hearing. The notice statt
(1) the date, time and place of the hearing; (2) the general nature of the services a
improvements; (3) the cost of the services and improvements; (4) the boundaries of the Distri
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
property liable for assessment, the notice of the hearing as the ownership appears on the City ti
roll. The notice contained the information required by the Act. The notice was mailed before tl
101h day before the date of the hearing to the last known address of the property owner on the Ci
tax roll. The failure of the property owner to receive notice does not invalidate the proceeding.
Northwest Passage PID Assessment ordinance -- 2024 (F1' 2024-25) Page 2
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 (lst) 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
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
Northwest Passage PID Assessment Ordinance — 2024 (FY 2024-25) Page 3
time the entire assessment on any lot or parcel, along with any interest and penalty that
accrued on the assessment.
SECTION 10: THAT all assessments herein levied are a personal liability and charge agai
the real and true owners of the premises described, notwithstanding such owners may not
named, or may be incorrectly named.
Section 11: THAT the assessments herein levied are made and levied under and by virtue of th,
terms powers and provisions of the Public Improvement District Assessment Act, Chapter 372 o
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.
L=
MARK W. MCBRAYE `, MAYOR
ATTEST:
Courtney Paz, City Secretary
APPROVED AS TO CONTENT:
Cheryl Brock, Interim Chief Financial Officer
7 WED AS TO FORM: j14J,4 a�'
3
elli Leisure, Senior Assistant City Attorney
ccdocs/ORD. 2024 Economic Development - Northwest Passage PID Service Plan, Assessment Role, and Levy
August 27, 2024
Northwest Passage PID Assessment Ordinance-2024 (FY 2024-25) Page 4
Resolution No. 2021-R0363
Item No. 8.8
September 14, 2021
RESOLUTION
A RESOLUTION OF THE CITY OF LUBBOCK, TEXAS, APPROVING AND
AUTHORIZING THE CREATION OF THE NORTHWEST PASSAGE PUBLIC
IMPROVEMENT DISTRICT
WHEREAS, the City Council (the "Council") of the City of Lubbock (the "City") has
received a petition (the "Petition") with signatures from the record owners of taxable real
property representing more than fifty percent (50%) of the appraised value of an area within
the City as determined by the most recent certified appraisal roll of the Lubbock Central
Appraisal District, and owners of more than fifty percent (50%) of the area of all taxable
real property that is liable for assessment under the area covered by the Petition; and
WHEREAS, the Petition requests that the City establish a public improvement district
according to Chapter 372 of the Texas Local Government Code for the general purpose
of financing improvements and services related to:
(a) The design, construction and maintenance of parks and greens together with any
ancillary structures, features or amenities such as playgrounds, athletic facilities,
pavilions, community facilities, bridges, walkways, lighting, benches, trash receptacles
and similar items located therein along with all necessary grading, drainage and similar
infrastructure involved in the construction of such parks and greens; landscaping,
hardscaping and irrigation; the design, construction and maintenance of water features
such as lakes, ponds and fountains; distinctive lighting and signs; construction and
improvement of pedestrian malls, passages or pathways including pedestrian bridges;
design, construction and improvement of vehicular bridges and low water crossings;
design, construction and improvement of community meeting halls or similar buildings;
design, construction and improvement of community monuments, towers, and other
amenity -type structures; acquisition and installation of art work; design, acquisition,
installation, and improvement of telecommunication and similar technology systems; and
special supplemental services defined in the Act, together with related permits and
licenses; and
(b) Payment of costs associated with developing and financing the public improvements
listed in subdivision including costs of establishing, administering and operating the
District; and
(c) The District shall prioritize its expenditures as follows: (i) design, construction,
maintenance, and financing for drainage improvements; then (ii) design, construction,
maintenance, and financing for park improvements; then (iii) selection, acquisition, and
maintenance for public art; then (iv) all other allowable improvements and related
expenditures; and
WHEREAS, the Petition, a copy of which has been attached to and made a part of this
Resolution as "Exhibit 1", was examined, verified, found to meet the requirements of
Section 372.005(b) of the Texas Local Government Code, and accepted by the City
Council; and
WHEREAS, the Petition covers property within an area generally bounded by Frankford
Avenue on the west, Quaker Avenue on the east, Kent Avenue and Highway 84 on the
north, and Marshall Avenue on the south, with such property being the development known
as Northwest Passage, and a description and depiction of the property covered by the
Petition is attached hereto and made a part of this Resolution as "Exhibit 2"; and
WHEREAS, notice of the public hearing was published in the Lubbock Avalanche -
Journal, a daily paper of general circulation in the City, such publication date being before
the fifteenth (15`h) day before the date of the public hearing, stating the time and place of
the public hearing, the general nature of the services, the estimated cost of the services, the
boundaries of the proposed public improvement district, the method of assessment, and the
apportionment of cost between the public improvement district and the City; and
WHEREAS, before the fifteenth (15`h) day before the date of the public hearing, written
notice of the proposed public improvement district was mailed to the current addresses of
the record owners, as reflected on the most recent certified appraisal 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 fourteenth (141h) day of September, 2021, at five (5:00) p.m., at
Citizen's Tower, located at 1314 Avenue K, Lubbock, Texas; and
WHEREAS, in accordance with the published and mailed notices, the Council called the
public hearing and heard public comment from interested persons speaking in favor or
opposition to the proposed public improvement district and the Council heard a report by
City staff on the advisability of the proposed public improvement district and its benefits
to the City and to the property within the boundaries of the proposed public improvement
district; and
WHEREAS, the proponents of the proposed public improvement district offered evidence,
both oral and documentary, in favor of all of the foregoing matters relating to the creation
of the proposed public improvement district, and opponents of the public improvement
district were given the opportunity to appear to contest authorization of the proposed public
improvement district, after which the Council closed the hearing; and NOW
THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1: THAT the facts and recitations contained in the preamble of this resolution
are hereby found and declared to be true and correct.
SECTION 2: THAT after conducting a public hearing, examining evidence, and hearing
testimony, the City Council finds and determines the following:
(a) That the public hearing on the advisability of authorizing the Northwest Passage
Public Improvement District has been properly called, held, and conducted and that
notice of such hearing has been published and mailed as required by law and
delivered to the current address of the owners of property subject to assessment
under the Northwest Passage Public Improvement District; and
(b) That authorization of the Northwest Passage Public Improvement District with
boundaries depicted and described in "Exhibit 2" is advisable and will result in
benefits to the City, its residents, and the property owners in the Northwest Passage
Public Improvement District for the general purpose of financing improvements
and services related to:
(a) The design, construction and maintenance of parks and greens
together with any ancillary structures, features or amenities such as
playgrounds, athletic facilities, pavilions, community facilities,
bridges, walkways, lighting, benches, trash receptacles and similar
items located therein along with all necessary grading, drainage and
similar infrastructure involved in the construction of such parks and
greens; landscaping, hardscaping and irrigation; the design,
construction and maintenance of water features such as lakes, ponds
and fountains; distinctive lighting and signs; construction and
improvement of pedestrian malls, passages or pathways including
pedestrian bridges; design, construction and improvement of
vehicular bridges and low water crossings; design, construction and
improvement of community meeting halls or similar buildings;
design, construction and improvement of community monuments,
towers, and other amenity -type structures; acquisition and installation
of art work; design, acquisition, installation, and improvement of
telecommunication and similar technology systems; and special
supplemental services defined in the Act, together with related
permits and licenses; and
(b) Payment of costs associated with developing and financing the
public improvements listed in subdivision including costs of
establishing, administering and operating the District; and
(c) The District shall prioritize its expenditures as follows: (i) design,
construction, maintenance, and financing for drainage improvements;
then (ii) design, construction, maintenance, and financing for park
improvements; then (iii) selection, acquisition, and maintenance for
public art; then (iv) all other allowable improvements and related
expenditures; and
(c) That the total estimated cost of services and improvements to be paid by the
assessment generated within the Northwest Passage Public Improvement District
through Fiscal Year 2025-26 is approximately five hundred sixteen thousand eight
hundred thirty six dollars ($516,836) (the "Costs"), with such Costs being described
in "Exhibit 3" attached to and made a part of this Resolution; and
(d) That the Costs will be paid by the proposed assessment rate of fifteen cents
($0.15) per one hundred dollars ($100) of valuation of property within the
Northwest Passage Public Improvement District through Fiscal Year 2025-26, with
such proposed assessment being described in "Exhibit 3"; and
(e) That as to the apportionment of the Costs between the Northwest Passage Public
Improvement District and the City, all the Costs will be paid by the Northwest
Passage Public Improvement District through assessments on the property within
the boundaries of the Northwest Passage Public Improvement District.
SECTION 3: THAT subject to Chapter 372 of the Texas Local Government Code, the
City Council hereby authorizes a public improvement district over the area depicted and
described in "Exhibit 2" and such public improvement district shall be identified as the
Northwest Passage Public Improvement District, City of Lubbock, Texas.
SECTION 4: THAT the City Council hereby creates the Northwest Passage Public
Improvement District Advisory Board for the Northwest Passage Public Improvement
District. The Northwest Passage Public Improvement District Advisory Board shall act as
an advisory board of the City of Lubbock, and shall initially be composed of five (5)
members, each of whom will represent a developer of the property within the Northwest
Passage Public Improvement District. The Northwest Passage Public Improvement District
Advisory Board shall follow any and all rules, regulations, policies, and procedures related
to City of Lubbock advisory boards and the Criteria and Guidelines for Public
Improvement Districts. The initial members of the Advisory Board for the Northwest
Passage Public Improvement District shall serve a two (2) year term. The City Council may
extend the term of the initial governing board beyond two (2) years. The initial Advisory
Board of the Northwest Passage Public Improvement District will provide
recommendations to the City Council on all matters related to the initial development of
the Northwest Passage Public Improvement District, including matters related to the Costs
and to the assessments on properties located within the Northwest Passage Public
Improvement District. Upon the end of the term of the initial Advisory Board members of
the Northwest Passage Public Improvement District, an election will be held for the
Northwest Passage property owners to vote on each of the five seats. Once an election has
taken place, the City Council will appoint the members of the Northwest Passage Public
Improvement District Advisory Board. The PID Board shall adopt and be governed by a
set of bylaws that, among other things, direct the PID Board as to its membership, its
purpose, and its procedure for conducting business related to the Northwest Passage Public
Improvement District.
SECTION 5: THAT the notice of this authorization for the Northwest Passage Public
Improvement District shall be published in a newspaper of general circulation within the
City of Lubbock, Texas and Lubbock County, Texas.
SECTION 6: THAT if any section, paragraph, clause or provision of this Resolution shall
for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of
such section paragraph, clause or provision shall not affect any of the remaining provisions
of this Resolution.
Passed by the City Council this l4th
ATTEST:
ReTekca Garza, City Sec
day of September , 2021.
'^mom C)
STEVE GA-Yt4MAYOR PRO TEM
AP OVED AS TO ENT:
Brianna Gerardi, Dir or of siness Development
APPROVED AS TO FORM:
At ..
lliLeisure, Assistant City Attorney
EXHIBIT 1
CITY OF LUBBOCK
COUNTY OF LUBBOCK
STATE OF TEXAS ;
CERTIFICATION OF SUFFICIBdNT PETITION
I hereby ca tjr, in the perfbr a of the functions of ny office, tbat do aged
PdW*% from ProP011Y wxnere UqUeding the City of L Mock establish a Public
bVIPMUMM District (M) for the proposed Northwest Passage devetopmenk has been
vaMW and Is mart. Aral. that Public ImpmVemerit Disp3cte can only be inidated by
a peddm of property owners who meet a value Meet and an am test. ptiraceant to Texas
Local Qovmmcmm Coda Sea 372.005 (b). An4 the staditory two to requkwmm was
mist: (1) petition is dped by the owrms of temwAde real property repro more than
50% of the wed value of the tomblo real property Ilable for edsommum by the cwemrrit
roll of the appraisal did riet (August 11. MI). in the area known a: Nm&vmst Pas=a®a sa
dw m on the attached map; the petitioners own 100% of the area withia the p mpowd
Northwest Passage Pa, (2) petition must be signed by the record owners of property that
consdwte more them 50% of the number of record owners or the record owners of more
than SO% of do aea within the PID; the petitioners own 100% of the total am within the
proposed Nardmvg Passe PID arm
I ftudrer oertilj► tart. I am the City 3ecramry of die City of Lubbock, that said
d appear of record in my office. I have 1*d custody of said rmonL and that I
am a lmAd possessor and keeper ad have legal custody of die records in said office.
In wluneas whereof I have ha+amto set my hod and affixed the official seal of
add office the 13th dey of August, 2021.
(City 8081)
.i ))C
City of LAMiock
Lubbock Coumy. State of Texan
of
zbli'ock
TEXAS
Date: August 12, 2021
To: Becky Garza, City Secretary
From: Cheryl Brock, Director of Financial Planning and Analysis
CC: Blu Kostelich, Chief Financial Officer
Re: Northwest Passage Public Improvement District Petition
Recently, the City of Lubbock received petitions from Property Owners requesting the City
of Lubbock establish a Public Improvement District (PID) for the proposed Northwest
Passage development shown on the attached map. PID establishment can only be initiated
by a petition of property owners who meet two tests outlined in the state statute.
The first test is that the petition is sufficient if signed by the owners of taxable real property
representing more than 50 percent of the appraised value of the taxable real property liable
for assessment by the current roll of the appraisal district (August 11, 2021). Since the
petitioners, own 100 percent of the taxable real property value within the boundary, the
petition passes the value test.
The second test is that the petition must be signed by the record owners of property that
constitute more than 50 percent of the number of record owners or the record owners of
more than 50 percent of the area within the PID. The petitioners own 100 percent of the total
area within the proposed Northwest Passage PID area so they pass the area test.
The notarized signature on the Northwest Passage petitions were validated by a visual review
and owners on the petitions were verified against the current tax roll received from Lubbock
Central Appraisal District by the Financial Planning and Analysis Department and reviewed
by GIS and Data Services.
EXHIBIT 1
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DCHISIT 1
tA6G04!?T . '
COMPANIBS
1um 28.2MI
Cheryl Brock
City of Lubbock. 7X
PO Box 2M
Lubbock, Tx 79457
RB: Northwest Passage Public Improvemment District
Dear Mrs. Brock:
Nordnvest Passage is a commercial development widein the city limits of the City of Lubbock
bound on the west by Fraakford Avenue, the Bast by Quaker Avenue and the properties fronting
on it, the Nwtb by KM Avenue and the properties fronting on US Highway $4. and the Soudn by
the alley north of Marshal[ Avenue.
We are Proposing to create a Public Improvement Di ift (PID) to maintain flee public
improvaaeats for Nonhwest Passage. This lets addmues the ranaiini" Fedtim requirements
from the PID Policies and Guideiines.
I. Asaarance of laeg-ttrm bang arrd support frear dw dtvtloptr: Tho developer commits
to IM34Km backing and support of the PID through service on the PID Advisory Board.
a proposed contract with the PIDK3ty for aoquiaittae of certain lands Committed to
hWovemenU6 and payment of PID eta.
2. Prorsdunw for Nanfieadm of PID Advisory Board w)Wch will Cadre noonrnrerdadoers to
dbt Clry CowwU on des aw W budget and brag tem plmrr. The PID Advisory Hoard
MR be nominated by the property owners in the PID. by area.
3. will flee ID to d ed p owners and to die City as a who&. The PID
Property Mum and the Chu of Lubbock by emuri" a well.
maintained gu ty► mined -use development. creation of and M&Wwmw of gWmwaror
drainage 0ncq0ncfi= with proposed City inrovem 1 of storm sewer from Qaaber
Aveaue to an Accept" oWd to the north or em creation of sad Maiateseanoe of
grroeaapax, sad other acceptable PID improvements sad wWaditurres.
4. DtacrWm of dovivemd land wlrfila Me dirt t Other than ROW and easareew riglets
for utilities (ad b"rovemeata in those), there are currently no city -owned proper"
within die boles of tiro M. However, the City has kwo N emcees "how to toe
PID, iocu ft water treftum ad on LP&L subsuakm.
1600 Sroadwsy tit, Suite 1500 • LubboA. Texas 79401 • (M) 7117-3/62 • mcdougal.com ]a
EXHIBIT 1
I IN* PID ope uft budget lkft eAwW gpenrft Cato, aabitemmtae =614 and
alibi 4 -wfive costs.• Ausched as lit D.
6. The PrOPw8d msd od a j'apr • The assessOent wM be assemd per $loo valuation
(other mdhods Could be per squse+e foot of as proputy.)
7. Dxreirsrrtattae qfadsrass deooeloper/cnertractor liability nsgarg
Qonstrac" of bWMvwMMu: Docutteentation of adequate liability insurance h. boa
provided to the city.
L Stawwww that the petidomrs uwkratawd dmt the awuW bu*et for the P1D is Mbjed to
nevlew by City stgf aad the Lubbod C4 Gotatcll.• The property owners that have Biped
fire attached petition are aware that the Owd budget is MOM to review by City staff
and most be approved by the Lubbock City Cowell.
Please let us know if there is additional information required dug has not been mubaiticd with the
petition.
A..
MCDWSM companies
EXHIBIT 1
PE'iTIION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICC TO FINANCE
IMPROWINUNTS 10
N0R7VW=rPASSAOF
THB STATE OF TBxAS
CITY OF LUBBOCK $
TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK:
The underigned pdWohmrs (the "Petidonas"� wft pzomo to do provisions of
(Zuipter 372, Texas Local OGVwnrosnt Code, as amended (the "Act" request that the City of
Lubbock ct+eaie a public imprwasnant district (the "DistrkC) in the territory described in
Enddbit A attached ha+eto (the "Land") within the City of Lubbock, Texas (dw "City"l and in
,%Wort of this. petition the Petitioners would present the following:
BS99o1. In compliance with the mlulmmenta of Texas.
Local Gaimument Code, Section 372.005ft as determined by the cwrent roll of the Lubbock
Central Appraisal District. the Peddoaas constitate: (1) the ownm of to mble wal property
represeotiag all of do appraised value of real p ope ty liable for assessment under the pwpoad
desaibeed hadn, end (H) dw record owners. of taxable red properly fiat cansdu tes all of the area
of all taxable real property that is liable for meat under such proposal.
enaw nature
of the proposed pub1u ' is: (i) the design, con dmetimh and m� fo panics and
gas together with any ancillary sb uctwv% features or amenities such as playgrounds, a &k&
facilides, pavilions, cnmawafty facilities, bridges. walkways, lighft benches, trash mgpwle:a
and similar items located tlimein along with all necessary grading, drainage and similar
ia6rastsumm involved in the cordon of sucb parka and greens; taadsa�, her+ g and
irrh don; the design, construcdon and maintenance of water features such as lakes, ponds sad
Coeahtaias; distinctive lWft and signs.; ==&action and hNwovennent of pede hian malls,
or po*wqs Including vddcular bridges and tow watex pedestrian des: ' conatrnc�don and improvesnnent of
� ; design. con*ucdea and ipp ems nt of community
meeting kWh or similar ; design, conowdon and improve a t of commtWty
monumpok townm and other amenity -type dmcwm% acquis rim and ikon of art work;
designacquisition, installation and WVwvemwt of telecommunication and similar technology
system; and *add supplemental services as defined in the Act, together with related pamifs and
wees; and (it) pqmeot of costs associated with developing finanicing hWwvemmb listed In subdivision (i) includinganddo public
costs of wing bonds and ftmft debt service
and capiWimd reserves for such bonds and costs of es Mishit administering and
opaat6ng the District, The District shall priwidae its *qwN ihuw as Follows: (i) deslga,
oonstrucfion, makdenenhce, and financing for dra bW improvenheotr, dto n (ii) design.
coon, woe, and financing for park improv�eaents; they 00) selection, don,
and maintenance For public art; sham (iv) all other allowable blowwrolvegavulwate and related
g10,000,000.
11 16 am Pip paw impnwra w Dilator. pokba
"HISiT 1
WML BMMM Tao proposed bonne m*m of the Diaz tare described on
Will w flea cow of the An t methodology will be p WuW that
public innprovemeAm financed with the asseasneen4 an
asseae 2 against the property is the District, (ii) the � ID be collected each year, (iii)
p�d;1PmvWin4g for tha peepayrnient of the assamnaft at the option of the owaa of any
parcel, (iv) the reallocation of tits asseswunt on des subdivision of a parcel, and (v) reduction of
the assessments for Costa aavitrgs (Pm" the anneal mviewof the Service Plan forthe District)
and repayneeM of bonds issued to fiaeteoe the public Additionally, a report will be
prepared showing the special bane fits accruing to property in tits District and how the coo of the
public imporovaanaeta are assessed to property on lice basis of the spwW baefim. The remit will
be that equal abates of tlee costs willbe ice-arod on property similarly benefited.
In assessing the costs of the public imProveme„ts, property will be Classified based on the
use of the p"C owmeam For example, larger homes may gmm to more use of the public
imptovemads than smaller bares. Aa dinghy, shoe may be a clasafficatim of property on the
basis of the doe or Wpa of homes that may be built on a penal. Casts may also be som ed on the
basis of die valuer of the properly, or on a combination of doe or type of house and value of
property. Property may also be chadW one the basis of the location of the property within the
District, itsoma sections of the District receive more public imPlOvem nm or public imp overnants
of grema cost than other secdons of the District.
The mmonm methodology will rewlt in each pmcal paying its flair Share of" cogs of
the public improvergaets provided with rho amessments based on the special benefits roccived by
fire property fiom the public impeovemeats and property equally situated paying equal shares of
rho Costs of the public
be obligated to provide say fonds to finanoa theUL of TAl Hwill not
of the prapomd public I--- vmreeats will be l�lo iarprovernaats, All of the costa
Paid by aasesserm to of the property within tha
Dbtrict and fi+orn othw saereas of ftimds, if any, available to der derelopw of the Lard.
To the extent allowed by law, the City may
Cvntraat with either a non-profit, or a fa profit ogpmbmda% including a Public Facilities
Corporation created by the City pursuant to Olmpler 303, Texas Local Govermam Coda, to Carry,
out all or a peat of dw reepondbilities of mang1mg the District, including die day-*4W
mkt sad admindsI don of the Diatrim
Alwal- Ad dam board. An advisory board will be mtabUdwd to develop and
r�ecommead an impCovamart plea to the City Council of the City (die "City CamcU"). The PID
Advisory Board will be nominded by tea property owners in the PID, by area, aced approved by
the City Council.
Thin petition will be filed with the City 3eaday in support of the amadAm of the District
by the City Council as heroin provided.
(Sig Ube on following peat]
Mobs--eAa.pMN.I1yroMe"tWOM-P --,e
EMBIT i
PBfITtO�IER:
NWPBS 4Pfo)w4 LLc
a Texas liimw liability compow
SOW" Pawtw polul t
EXHIBIT 1
THE STATE OF TEXAS
COUNTY OF LUB84CK
on day of July, 2021. befow me, the umbrdpW Notary p jMk
pe:sommy appeamd tl m 1NeDv o mm Most MoChados, Who micnovrledged that they ace
the cote mwabws and Mangers of NWP R" Fr ck LLC, and thst In such opecity,
bang duly mdWwbW so to do. =OWAOd the foregoing petition for the p wpos dtemin oonWmd
by dgmg their acmes in sash capacity.
IN W17NESS WHF.RBOF. I have huvu to set my hand and ofRoW seal.
00MMA COMBS
Moaryr FW^ spwof
Comm lhtli 10014M1
ro 61047
Ackw. 1 a1 - Popfor Patitlon
11 My A
lue Lmd
ly EM AND BOMM Imauup iON dA4MQZmm*v"6mwd In Bad=11, Block is.
lost, ' Tom' bdus a pasha of dW727Ai7-aore treot dejodW in
Vdo hp 176. owd pv� Reoowb of Lemma Cmsmvl, Tme (� aid
tee b ft tmBerdao %""
BB(BNII�iQata for km darttb 0epm m&mM pRBBD A ASSOC" oak a Wier Im of
that 17A0•aone skeet � dediaedoa asdeeor�ed in ' �c FBsNmaber
2012043729, Oliurt, bwbg a WN cmMFAv of N-729980M z4MM740 Tmw
mame
ors48.80 Gabbs+alasskssBhmdatdo-msemoaoossel a obt beesN.88°i414d 1 a
A ad Bead=14. BlodcA, L"ooh �8aodane 11.6, aed3. aRinHloalc
i�aw�►, Teooe�
N. W14.14" W, dok& the Sm * Ho of acid Bent m I 1 and the NO& line of odd
h ft oo 6r ems beigp a Somh Bee acrid
irea727A17'me fast adieleuoe 0t2W70 ibm to a 1R"
rod a*0Boudmw0osaeratOMprOpetil GOWNYWIDRImbsihmammmiawma
6202, pe a 313, OPN= and s ooes w of aid 727A17.em uoo4
IMMN.01.43'33" B.,aW*asmofaeid727.417.aontsaot=dmBeetliteotuMM,M61M
PmP ftt at 50A0 hdpm66Nodb d*w-u q► Ow atlhe is Skeet aedesoe w is Vojm
1213, pops M OPRLt'T, conh r a coca dieteme of MAO fhet 10 a meta cme post
fomad st a comes of mM 727.417-am boot cad the moat Bartel, Nosemmt 000mr of add
MoalelMo paapaee�;
TMICB I4. 8S°l3'3l" W.. dw4 a Bee cf edd 727.417-aaee beat ad a NO& ire at $a
ptWNW a dM mm of 1204." Dec b a mW hm poet h and at a O=w of add
727Ai7"� baotaedaa'b8"0oeaorofnMMoadvo psepesO
T ROI%7'44"B,doapa&wafaid727.417.say[e&W=d,MRW&o,t,obfoabdve
IsVmly aid do Bw Von ordm fAoae dllm*ed in VOhme $455, hV 307, VOAmre 4130.
llepe 74,E and Volsme 413% Pop 76& OM.CT. a & moe of 2014►64 Deno s woe post hmd is
fbe S0 M ffft &d 14.S09.wmftadaos "io Volems9SK pb p 191. aPRI 1, atm'tiU"
COW of raid 727A174aeee teat
TEM 4ML W14'3708.,akog sline*t"M727A17-aosetadandthe SON&Bnaatadd 14AW
aoabootadhfesoe of79Ul hKto s 1l2" k=rod t wV Qlewooaj lbmd as oaroeeofmu
72?A17-mo boot and ds SwAg myt oosoer ateeid 14.509."M UM4
TMMN.01443=!* L, db* a lie afadd 727A17-aoer bMmd dw Bm Vn ofeaid 14AW
eom dame dMmm af369.94 haw a 14* kftrod wild cep ft%jW hml at a am m afaid
7Z7A17-wm fee =d dw Nmdww oasm of sW 14.809.aoa kut
A-1
EXHIBIT 1
IBM= K 044923" W., SUN aline of add 727A17-an toot and lb No lh ass atedd
14AOP4=&#A not 1MM8ietPmdw Bmtd6%V&vAW lime otFtanlcdbtd A"=(@M2U"
adsmx dlttVokm lolxps e4ftOPRLCT.�>a%W dirtatoeat l74?»32
loahe
ootmaepi wbm6- mid ineewiat0ne oftdd 8aotioa ll. ataawamratNM 727.417•aotet M
andd oNaedtaattoomesatpdd 14.s0l4otetrrt
'MCB N. OI°44 lr B, along the Waal line otadd 8ecdoa 11 and a watt NM otaeld 727AM
mote tmtd a ditmm ot2204AS halo a aollan q*& &W at the rlw&W4et oomat of add
soda 11 aadd*Noefbnaettaomerafadd 727Al74mofto4
MR4M 8.OM'00 &vdoogaNaehl HwatUM727.417.a=laotaaddr t4A,beataeid
89dw 11 a Man of 2MM he tb a 0 PW Od htmd N a NOW otmM 727A17-ore
t�totand�eNoedrwe�taomeratdntS�mstdeotdeeaibed k Vdwn704Oo hp 1706 pp&=-,
8. 01'SS34" W.. sift a NO atadd 727A17-omn tttot and d o Watt Sae ataald Soma
tool. at MW hd pre the 8omth:gbm&w r sae of Riaat Shot a deeatlbed to Volume 1012.
NO Spo f1rm=l, aaalmtia - fits told ditttooe of9K74 he to a 3/4" hm rod Mod at the
800dmf4Gonerotgeld S-a=tesotand aoonmofudd 727A17-a n but
T1l MM 8. St°d' WO Lo AIM a lineateaid 727A17-more ftd and the $mb Hoe ofnW S.Me
Ud a dbttmoe at 234A hot to a W* hoot rod vAlb map OM 4579) hand at the SoveAga
oomerotedd Sure tnmtand a= merotaeld 727A17.aete blot
1H D@M N. Oln6W B' dwg the Bttt Hoe of 5-mm tatot mad aline ot#dd 727A17-am
oak at m" ,Ebel pets the Booth 4U.0smw Hoe of add Kent 8b ak ooatiatdog the a told
dim=* at926AS to to a 60"M=0 hW k the NUM No otsdd $cotton 11 and a NoA
NOGtUM 727A17-soaeotat the Nat6eadaoo= OfUM Sgmtrao%
THMMLWWIWII,abqgwNogcbamatsddgodbalI tmdallodhHte atsdd 727A17•
toes tetotadilnoe ofH19.t➢9hetta aoomoeMIA nail h and to We 8wakwomb, d*l-oimW So
GMT• HWmq 84 (Cl" Rotd) at a omoee of add 727A174mn trot
T TCBBrOl°S7'M" V/,, BaddBaa rolwb►94AWIP-MWEft andaHmatuM 727.417-
aotetntot adi,ttmoe otS0A0Neetio a 1/Y'Ieaa rod soap obwmo
TMWC88.77°32'NOR, in ion agal—acids-*Vamdalateofatd727A17-torefact
adWm of2l3.346eetto a oarrecate do" m
MU=8. SS'11W $. oomdm - f d and a Hie atedd 727A17-tore wA
adbhoeeat13S Mho a 1/2" apmWWlRMRM A A88pC"1=dht
the wart 4I.46+ Hoe of SM Rod, move b*g Ste wag Hoe ot=M 17A0�aoee Vm k
� ►. �8—rip6trofty auk alaw aamae to the kk add aterre bait
mad u dl-3.0p 8e1. aaeaatl agdeot6l°?3'03". sobadbeariAg af& WI6'32"B.. admd
ditttmte of 140724 60 b a lir icon tod vft co mmbd Ipp RM A AMM huud at
apdatotbopW,
A-2
EXHIBIT 1
�b�rod ap�oiat ����►�a�°OeafS34��>ba
1'1lHNC8 Sa�easOMWO 000�daR own said 9V&4-%W U64+dm aomoe io is -go% odd
4amhwA*aradlaeot1425.00 ►aoe■tral of32°tS'0�'.atboedbeeri�afS,14!~
B, adiosddlstesoeof792.76 Rettoa I/3" ���ithtapMill"d"l UGO RBBD AASSOC"
atapodmtoft�agp�r;
TMCR L 0l'20W W., Ig I No add wav No a &on" at Iism lief to
a w flan swVas pasel<e "Hud0 RBBD& ASWC' A=datapftot kWn@odoat
TNM4M L 04'll'4C W.. oo sbW add VWline aMftm od200Z deaf % a
lwinn "dar&apateeloed"i WOREED AASSOC firms at epoW ofiagmo ft
ISERM S, 01020 Or W., dft* "M vW liae a dietssee of 20L00 tole a
lw h= and &wd at a point of is lmcdaa;
7HMM S. 06'32's3" W.. opt dM AM NO a d WAM otP4227 Sato a
W iroo rod ma nap MrA9 4AW RWD & ASSOC* fo=d at a print ®f k&erseodos to die
atgt of-wW Pose ofUndbe Sheet
TMNC8 K Un4'14" W., g said d#g d aaq► no a djam of397.10 gM to a
lW bonrod aids cWJMfA d 4R Olt dt ASSOC" set fwapointof fat mcdok-
'171 KcE S. 0145'46" Wy sodb*a said do"&"W A, et $40 dbet pees do Noei
4Y � aflhadlae 8bset Y described in VoWme 1213. Pige 346.OPRGCT, ooa�do8
�atattl dtstnmoe ofssA0Det10 ie Pblet ofBe.
Be
reiadea to do Tan Ooordi� w �rstew of IM (2011) Bpooh 2010A; No t DVlssaeeend wMws sur wk U.S. Sway 1►eet.
METSB AND BOUMS of a230.12S um aw totaled is socdm 1 i, Blook j&
Abdmw343.asdSudan 14, BlukA. Absk" $61 sad 1332. Labbook Cm=W, I*M beta
F I* Roof that 727Ai7-me daft deeo&W is Vobmw loSsl. hp l?4 08ioiid Pafa Records
dL4ft00kCowW.rw=i0MJ'h+japatbaafdW2s6.l4-ww% tdw@ftedisv*=
10351. Pare 1a3. QPR=* said 230.121-am twat b ft a, -III wiftm
data Ur imwdv t eq aistked W00 RBBD& ASSOC'astfsas&at Sava[
dot 17Aomm stnst _ aedioatloe as desoeiied b Coangr Clak Fse Naiar
t—im-oflst1�.N Zir^ashpoktbmLMI"41� 1�e
A-3
IN
tAH161 I I
Northwest Passage Public Improvement District
Proposed PID Boundary As PWPOM
RW MW OW Yw MN pNwr McMM 9*Aft W bj.L ambseft w 114mearapfts"46
Parcels P ObMa"
Lot -Block Lines 0 500 1000 2000 reel 3WO
si
SR312021 I
f !4 r1,00. C* a
Lubbock
TISAS
ks tiidl i s
EXIBiBIT A
The Land
t
METES AND BOUNDS DESCRIPTION of a 476.102-acre tract located in Section 11, Block JS,
Abstract 343, Lubbock County, Texas, being a portion of that 727.417-acre tract described in
Volume 10351, Page 176, Official Public Records of Lubbock County, Texas (OPRLCT), said
476.102-acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in a West line of
that 17.40-acre street right-of-way dedication as described in County Clerk File Number (CCFN)
2012043729, OPRLCT, having a grid coordinate of N-7289808.60, E-926282.74, Texas
Coordinate System of 1983, North-Central Zone, which point bears N. 88° 14' 14" W. a distance
of 548.88 feet from a broken nail found at the common corner of Sections It, 6, and 5, all in Block
JS, and Section 14, Block A, Lubbock County, Texas;
THENCE N. 88014'14" W, along the South line of said Section 11 and the North line of said
Section 6, same being a South line of said 727.417-acre tract a distance of 2580.70 feet to a 1/2"
iron rod found at the Southeast corner of that property conveyed to Elizabeth Montalvo in Volume
6202, Page 313, OPRLCT and a comer of said 727.417-acre tract;
THENCE N. 01 043'53" E., along a tine of said 727.417-acre tract and an East line of said Montalvo
property, at 50.00 feet pass the North right-of-way line of Ursuline Street as described in Volume
1213, Page 346, OPRLCT, continuing for a total distance of 625.08 feet to a metal fence post
found at a corner of said 727.417-acre tract and the most Easterly Northeast corner of said
Montalvo property;
THENCE N. 88013'31" W., along a line of said 727.417-acre tract and a North line of said
Montalvo property a distance of 1204.98 feet to a metal fence post found at a comer of said
727.417-acre tract and an "ell" comer of said Montalvo property;
THENCE N. 01 °4744" E., along aline of said 727.417-acre tract and an East line of said Montalvo
property and the East fines of those tracts described in Volume 8455, Page 307, Volume 4150,
Page 74, and Volume 4150, Page 76, OPRLCT, a distance of 2014.64 feet to a fence post found in
the South line of that 14.809-acre tract described in Volume 9594, Page 191, OPRLCT, at an "ell"
corner of said 727.417-acre tract;
THENCE S. 98014'3T' E., along a tine of said 727.417-acre tract and the South line of said 14.809-
acre tract a distance of 796.21 feet to a 1IT' iron rod with cap (Newton) found at a corner of said
727.417-acre tract and the Southeast corner of said 14.809-acre tract;
THENCE N. 01043'22" E., along a line of said 727.417-acre tract and the East line of said 14.809-
acre tract a distance of 369.94 feet to a 1/2" iron rod with cap (Newton) found at a corner of said
727.417-acre tract and the Northeast corner of said 14.809-acre tract;
A-1
LAMM I
THENCE N. 88014'23" W., along a line of said 727.417-acre tract and the North line of said
14.809-acre tract, at 1682.32 feet pass the East right-of-way line of Frankford Avenue (FM 2528)
as described in Volume 1012, Page 465, OPRLCT, continuing for a total distance of 1742.32 feet
to a cotton spindle found in the West line of said Section 11, at a corner of said 727.417-acre tract
and the Northwest corner of said 14.809-acre tract;
THENCE N. 01044' 18" E., along the West line of said Section 11 and a West line of said 727.417-
acre tract a distance of 2269.05 feet to a cotton spindle found at the Northwest comer of said
Section 11 and the Northwest comer of said 727.417-acre tract;
THENCE S. 88°05'04" E., along a North line of said 727.417-acre tract and the North line of said
Section 11 a distance of 2080.26 feet to a 40-penny nail found at a corner of said 727.417-acre
tract and the Northwest comer of that 5-acre tract described in Volume 7040, Page 170, OPRLCT;
THENCE S. 01 055'34" W., along a line of said 727.417-acre tract and the West line of said 5-acre
tract, at 50.00 feet pass the South right-of-way line of Kent Street as described in Volume 1012,
Page 563, OPRLCT, continuing for a total distance of 926.74 feet to a 3/8" iron rod found at the
Southwest comer of said 5-acre tract and a corner of said 727.417-acre tract;
THENCE S. 88003' 33" E., along a line of said 727.417-acre tract and the South line of said 5-acre
tract a distance of 234.68 feet to a 1/2" iron rod with cap (RPLS 4579) found at the Southeast
corner of said 5-acre tract and a corner of said 727.417-acre tract;
THENCE N. 01 056'30" E., along the East line of said 5-acre tract and a line of said 727.417-acre
tract, at 876.85 feet pass the South right-of-way line of said Kent Street, continuing for a total
distance of 926.85 feet to a 60-penny nail found in the North line of said Section 11 and a North
line of said 727.417-acre tract at the Northeast corner of said 5-acre tract;
THENCE S. 88005'04" E., along the North line of said Section 11 and a North line of said 727.417-
acre tract a distance of 819.69 feet to a concrete nail found in the Southwesterly right-of-way line
of U.S. Highway 84 (Clovis Road) at a corner of said 727.417-acre tract;
THENCE S. 01057'08" W., along said Southwesterly right-of-way line and a line of said 727.417-
acre tract a distance of 50.00 feet to a 1/2" iron rod with cap (Newton) found;
THENCE S. 77032'31" E., continuing along said right-of-way and a line of said 727.417-acre tract
a distance of 283.34 feet to a concrete right-of-way marker found;
THENCE S. 58011'23" E., continuing along said right-of-way and a line of said 727.417-acre tract
a distance of 1353.47 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC' found in
the West right-of-way line of Slide Road, same being the West line of said 17.40-acre tract;
THENCE Southeasterly, along said right-of-way line, along a curve to the left, said curve having
a radius of 1575.00 feet, a central angle of 61°23'03", a chord bearing of S. 00°16'32" E., a chord
distance of 1607.84 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at
a point of tangency;
A-2
tAmltst I L
THENCE S. 30058'04" E., continuing along said right-of-way line a distance of 534.62 feet to a
1IT' iron rod found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1425.00 feet, a central angle of 32°18'04", a chord bearing of S.14°49'02"
E., a chord distance of 792.76 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC"
found at a point of tangency;
THENCE S. 01020'00- W., continuing along said right-of-way line a distance of 1180.93 feet to
a 1/2" iron rod with cap marked "HUGO REED & ASSOC' found at a point of intersection;
THENCE S. 0401114" W., continuing along said right-of-way line a distance of 200.25 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE S. W20'00" W., continuing along said right-of-way line a distance of 208.00 feet to a
1/2" iron rod found at a point of intersection;
THENCE S. 46032' 53" W., continuing along said right-of-way line a distance of 42.27 feet to a
1/2" iron cod with cap marked "HUGO REED & ASSOC" found at a point of intersection in the
North right-of-way line of Ursuline Street;
THENCE N. 88014' 14" W., continuing along said right-of-way line a distance of 397.10 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 01°45'46" W., continuing along said right-of-way line, at 5.00 feet pass the North
right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing
for a total distance of 55.00 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central
Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 2 (Northeast Quadrant):
METES AND BOUNDS DESCRIPTION of a 230.125-acre tract located in Sections 11, Block JS,
Abstract 343, and Section 14, Block A, Abstracts 861 and 1332, Lubbock County, Texas, being a
portion of that 727.417-acre tract described in Volume 10351, Page 176, Official Public Records
of Lubbock County, Texas (OPRLCT), and a portion of that 286.14-acre tract described in Volume
10351, Page 183, OPRLCT, said 230.125-acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in an East line of
that 17.40-acre street right-of-way dedication as described in County Clerk File Number (CCFN)
2012043729, OPRLCT, having a grid coordinate of N-7289776.71, E-927306.98, Texas
Coordinate System of 1993, North-Central Zone, which point bears S. 88* 11'41" E. a distance of
A-3
LKHR31I L
476.10 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block
JS, and Section 14, Block A, Lubbock County, Texas;
THENCE N. 01 048' 19" E., along an East line of said l 7.40-acre tract, at 50.00 feet pass the North
right-of-way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing
for a total distance of 55.00 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC'
set for a corner of said 17.40-acre tract in the North right-of-way line of Ursuline Street;
THENCE N. 85019'56" W., along said right-of-way line a distance of 200.25 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 8801 P41" W., continuing along said right-of-way line a distance of 208.00 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE N. 43025'50" W., continuing along said right-of-way line a distance of 42.60 feet to a
"crow's foot" chiseled in concrete for a point of intersection in the East right-of-way line of Slide
Road, same being the East line of said 17.40-acre tract;
THENCE N. 01 °20'00" E., along said right-of-way line a distance of 1580.17 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the left, said
curve having a radius of 1575.00 feet, a central angle of 32°18'W', a chord bearing of N.
14°49'02" W., a chord distance of 876.21 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of tangency;
THENCE N. 30058'04" W., continuing along said right-of-way line a distance of 534.62 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1425.00 feet, a central angle of 44°23'25", a chord bearing of N.
08046'22" W., a chord distance of 1076.62 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" set for a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1479.85 feet, a central angle of 06°54'41 ", a chord bearing of N.
20°13'30" E., a chord distance of 178.28 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1415.00 feet, a central angle of 09°38'59", a chord bearing of N.
25026'03" E., a chord distance of 238.03 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found in the Southwesterly right-of-way line of U.S. Highway 84 (Clovis Road), in a
Northerly line of said 727.417-acre tract;
THENCE S. 58011'34" E., along said Clovis Road right-of-way line and a Northerly line of said
727.417-acre tract a distance of 644.87 feet to a 1/2" iron rod with cap marked "HUGO REED &
A-4
tAmlblI L
ASSW' found in the East line of said Section 11 and the West line of said Section 14, at a corner
of said 727.417-acre tract
THENCE S. 01 045'00" W., along the East line of said Section 11 and the West line of said Section
14 and a line of said 727.417-acre tract a distance of 1447.24 feet to a 1/2" iron rod with cap
marked "HUGO REED & ASSOC" set for a comer of said 727.417-acre tract;
THENCE S. 88011'29" E., along a line of said 727.417-acre tract a distance of 1696.26 feet to a
518" iron rod found at a corner of said 727.417-acre tract;
THENCE S. 01 °50'26" W., along a line of said 727.417-acre tract a distance of 333.98 feet to a
1/2" iron pipe found at a corner of said 727.417-acre tract;
THENCE S. 88008'32" E., along a line of said 727.417-acre tract a distance of 311.55 feet to a
chain -link fence post found at a corner of said 727.417-acre tract;
THENCE S. 551008'25" E., along a line of said 727.417-acre tract a distance of 3142.70 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" found at the Northwest plat limits of
Tract "A", LP&L Northwest Substation Addition as recorded in CCFN 2008042914, OPRLCT;
THENCE S. 01 048' 11" W., along said West plat limits, at 541.59 feet pass the North right-of-way
line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total
distance of 591.59 feet to a 1/2" iron rod found in the South line of said Section 14 and the South
line of said 727.417-acre tract at the Southwest plat limits comer of said Tract "A" and the
Southeast corner of this tract;
THENCE N. 88011'41" W., along the South line of said Section 14 and the South line of said
727.417-acre tract a distance of 4164.33 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central
Zone.
Distances and areas are surface, U.S. Survey Feet.
Tra£t 3 (Southwest Quadrant excluding portion in the North Pointe PIDI:
METES AND BOUNDS DESCRIPTION of a 318.340-acre being a portion of that 160.139-acre
tract located in Section 6, Block JS, Abstract 1492, Lubbock County, Texas, described in Volume
9795, Page 28, Official Public Records of Lubbock County, Texas (OPRLCT), and a portion of
that 153.864-acre tract located in Section 6, Block JS, Lubbock County, Texas, Abstract 1516,
described in County Clerk File Number (CCFN) 2006043021, and that tract located in said Section
6 described in Volume 10263, Page 222, OPRLCT, and a portion of that 303.29-acre tract located
in Section 5, Block JS, Lubbock County, Texas, Abstract 346, described in Volume 10016, Page
135, OPRLCT, said 318.340-acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSW' set for a point of
intersection in the South right-of-way line of Ursuline Street, same being a line of that 17.40-acre
street right-of-way dedication as described in CCFN 2012043729, OPRLCT, having a grid
A-5
C/UiwiL
coordinate of N-7289731.09, E-926687.46, Texas Coordinate System of 1983, North-Central
Zone, which point bears N. 88° 14' 14" W. a distance of 140.88 feet and S. 01 °4546" W. a distance
of 65.00 feet from a broken nail found at the common corner of Sections 11, 6, and 5, all in Block
JS, and Section 14, Block A, Lubbock County, Texas;
THENCE S. 43027'07" E., along a line of said 17.40-acre tract a distance of 42.59 feet to an "X"
chiseled in concrete set for a point of intersection in the West right-of-way line of Slide Road;
THENCE S. 01020'00" W., along said West right-of-way line a distance of 574.41 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the left, said
curve having a radius of 1575.00 feet, a central angle of 30031'25", a chord bearing of S. 13055'42"
E., a chord distance of 829.17 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC"
set for a point of tangency;
THENCE S. 2901 l'25" E., continuing along said right-of-way line a distance of 179.80 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said
curve having a radius of 1425.00 feet, a central angle of 30°5731 ", a chord bearing of S. 13042'39"
E., a chord distance of 760.64 feet to a 1/2" iron rod found at a point of tangency;
THENCE S. 01046'06" W., continuing along said right-of-way line a distance of 336.59 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" set in the North line of a 20-foot alley
dedicated by plat of Lots 535-707, North Pointe Addition to the City of Lubbock as recorded in
CCFN 2006045605, OPRLCT;
THENCE N. 88008'27" W., along the North line of said alley a distance of 228.93 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 43008'27" W., continuing along the North line of said alley a distance of 14.14 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°08'27" W., continuing along the North line of said alley a distance of 56.00 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 46051'33" W., continuing along the North line of said alley a distance of 14.14 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88008'27" W., continuing along the North line of said alley a distance of 110.10 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection in
the West line of said Section 5 and the East line of said Section 6;
THENCE N. 88009'58" W., continuing along the North line of said alley a distance of 709.89 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
A-6
THENCE N. 43°09'58" W., continuing along the North line of said alley a distance of 14.14 feet
to a point of intersection;
THENCE N. 8800958" W., continuing along the North line of said alley a distance of 52.00 feet
to a point of intersection
THENCE S. 46050'02" W., continuing along the North line of said alley a distance of 14.14 feet
to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88009'58" W., continuing along said alley line a distance of 539.58 feet to a point of
intersection in the West plat limits of said North Pointe Addition and the East plat limits of Lots
191-290 and Tracts C and D, Lynnwood Addition to the City of Lubbock as recorded in Volume
9847, Page 139, OPRLCT;
THENCE N. 01036'04" E., along the East plat limits of said Lynnwood Addition a distance of
49.77 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the South line
of said 153.864-acre tract at the Northeast corner of the plat limits of said Lynnwood Addition;
THENCE N. 88001'32" W., along the North plat limits of said Lynnwood Addition a distance of
1325.36 feet to a "MAO" nail with shiner (AMID) found at the Northwest corner of said plat limits,
at the Southwest comer of said 160.139-acre tract and the Southeast corner of said 153.864-acre
tract;
THENCE N. 88005'46" W., along the South line of said 153.864-acre tract, at 1320.00 feet pass a
1/2" iron rod found, continuing at 2130.37 feet pass the Northeast corner of Tract "A", Broadview
Baptist Church Addition as recorded in Volume 1685, Page 894, OPRLCT, continuing along the
North line of said Tract "A" for a total distance of 2579.92 feet to a 1/2" iron rod found in the East
right-of-way line of Frankford Avenue (FM 2528) at the Southwest comer of said 153.864-acre
tract and the Southwest corner of this tract;
THENCE N. 01 °56' 10" E., along said East right-of-way line and the West line of said 153.864-
acre tract a distance of 2573.17 feet to a 1/2" iron rod found in the South right-of-way line of
Ursuline Street as described in CCFN 2011027661, OPRLCT, at the Northwest corner of this tract;
THENCE S. 88014' 14" E., along the South right -of --way line of said Ursuline Street, at 2295.20
feet pass the West line of that tract described in Volume 10263, Page 222, at 2580.37 feet pass the
East line of same tract and the West line of said 160.319-acre tract, continuing for a total distance
of 4671.95 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC' set for a point of
intersection;
THENCE S. 85022'29" E., continuing along said right-of-way line a distance of 200.25 feet to a
1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 8894' 14" E., continuing along said right-of-way line a distance of 208.00 feet to the
Point of Beginning.
KWA
[A1 iw i L
SAVE & EXCEPT: Any portion of Tract 3 located in Section 5, Block JS, Lubbock County,
Texas, Abstract 346, described in Volume 10016, Page 135, OPRLCT that is also currently located
in the North Pointe PID.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central
Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 4 (Small strin adi aho Southwest Quadrant):
All of the portion of Tract 5 described in the Deed to Petitioner filed in CCFN 2021019386,
OPRLCT not currently located in the North Point PID (for further clarification, this tract is
generally described as a strip located north of, and adjacent to, the alley north of Marshall Avenue,
adjacent to Tract 3 described above.)
A-8
EXHIBIT 3
City of Lubbock, TX
Finance Department
Northwest Passage PID Preliminary FY 2022-23 Service and Assessment Plan
Method of Assessment
• Properties will be assessed based on the City's 2022 "net taxable value" as established by the Lubbock Central Appraisal District and
submitted to the City under Tax Code Section 26.04.
Assessment rate will be 50.15/$100 valuation.
• All property will be assessed based on the final 2022 "net taxable value".
Service Plan
Tax Year
Property Values* (Taxable)
Discounted Property Values
Number of Homes
Fiscal Year Revenues
Interest
Assessment @ $0.15
Total
Expense
Debt Service
Administrative Costs
Annual Operation Cost
(Notices, Public Hearings, Collection Costs,
Advisory Group meeting costs, postage, ofte
supplies, Maint P77
Total
Cash Reserve
'Property Value growth rate a 2% annually
Assessment Information for 100,000 home
PROJECTIONS
2021 2022 2023 2024 2025 2026 Totals
5,001,669 5,001,669
5,002,669 5,001,669
37,062,953
33,356,658
193,493,429
174,144,086
219,576,954
297,619,259
250,438,980
22S,39S,082
250,438,980
22S,39S,082
2020-21 202243
2023-24
2024-25
2025.26
2026.27
TotakA
7,503
50,035
457
261,216
3,383
296,429
6,750
338,093
30,590
953,275
7,503
50,035
261,673
29 AU
344.8431
963,865
4,000
5,000
4,080
5,100
4,162
5,202
4,245
5,306
470,000
4,330
5,412
470,000
20,826
26,020
91000
9,180
91364
9,551
479,742
516,836
(1,497
39,357
291.667
581,928
447,029
447,029
$150.00
Exhibit B
Northwest Passage
Public Improvement District
2024 AMENDED SERVICE AND ASSESSMENT PLAN
August 27, 2024
�i City of
Lubbock
TABLE OF CONTENTS
Tableof Contents..............................................................................................................................................1
Introduction......................................................................................................................................................2
SectionI: Definitions.........................................................................................................................................3
SectionII: The District.......................................................................................................................................7
Section III: Authorized Improvements.......................................................................................................... 7
SectionIV: Service Plan................................................................................................................................................8
SectionV: Assessment Plan......................................................................................................................................8
SectionVI: Terms of the Assessments.......................................................................................................................10
SectionVII: Assessment Roll...................................................................................................................................13
Sect ion Vill: Additional Provisions............................................................................................................................13
Listof Exhibits.................................................................................................................................................15
Exhibit A - District Legal Description......................................................................................................................16
Exhibit B - District Boundary Map..............................................................................................................
24
Exhibit C - Authorized Improvements................................................................................................................
25
Exhibit D - Service Plan - Five Year Plan...................................................................................................................26
Exhibit E - Service Plan - Sources and Uses..........................................................................................................27
ExhibitF -Assessment Roll......................................................................................................................................28
Exhibit G - Annual Installments...................................................................................................................
29
Exhibit H - Maximum Assessment per Lot Type...................................................................................................30
Exhibit I -Allocation of Public Improvement Costs by Section......................................................................31
Exhibit J - Estimated Bond Debt Service Schedule...................................................................................................32
ExhibitK — Parcel Updates..................................................................................................................................
33
Northwest Passage PID SAP 1
INTRODUCTION
Capitalized terms used in this 2024 Amended Service and Assessment Plan (this "2024 Amended SAP") shall
have the meanings given to them in Section I unless otherwise defined in this 2024 Amended SAP or unless the
context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to
a "Section" or an "Exhibit" shall be a reference to a Section of this 2024 Amended SAP or an Exhibit attached to
and made a part of this 2024 Amended SAP for all purposes.
On September 14, 2021 the City passed and approved Resolution No. 2021-RO363 authorizing the creation
of the District in accordance with the PID Act, which authorization was effective on the date it was
approved as required by the PID Act. The purpose of the District is to finance the Actual Costs of the
Authorized Improvements for the benefit of property within the District. The District contains
approximately 992.06 acres within the corporate limits of the City, as described legally by metes and
bounds on Exhibit A and as depicted by the map on Exhibit B.
On November 1, 2021 the City passed and approved by Ordinance No. 2021-00152 accepting and
approving a service and assessment plan (the "2022 SAP") and Assessment Roll for the District. The 2022
SAP levied Assessments against the Assessed Property within the District and established a lien on such
Assessed Property. On April 12, 2022, the City passed and approved by Ordinance No. 2022-00043
accepting and approving an amended and restated service and assessment plan (the "2022 Amended and
Restated Service and Assessment Plan updated for the Issuance of Bonds") and Assessment Roll for the
District. On September 12, 2023, the City passed and approved by Ordinance No. 2023-00100 accepting
and approving an amended service and assessment plan (the "2023 Amended Service and Assessment
Plan updated for the change in property") and Assessment Roll for the District.
The PID Act requires a service plan covering a period of at least five years and defining the annual
indebtedness and projected cost of the Authorized Improvements. The Service Plan is contained in Section
IV.
The PID Act requires that the Service Plan include an assessment plan that assesses the Actual Costs of
the Authorized Improvements against Assessed Property within the District based on the special benefits
conferred on such property by the Authorized Improvements. The Assessment Plan is contained in Section
V.
The PID Act requires an Assessment Roll that states the Assessment against each Parcel determined by
the method chosen by the City. The Assessment against each Assessed Property must be sufficient to pay
the share of the Actual Costs apportioned to the Assessed Property and cannot exceed the special benefit
conferred on the Assessed Property by the Authorized Improvements. The Assessment Roll is contained
Northwest Passage PID SAP 2
in Exhibit F.
Pursuant to the PID Act, the 2024 Amended SAP must be reviewed and updated annually. This document is
amending the 2023 Amended SAP. This 2024 Amended SAP updates the property division and changes.
SECTION I: DEFINITIONS
"2022 SAP" means that service and assessment plan passed and approved on November 1, 2021 by the City
pursuant to Ordinance No. 2021- 00152 that levied Assessments against the Assessed Property within the
District and established a lien on such Assessed Property.
"2022 Amended and Restated SAP" means this 2022 Amended and Restated Service and Assessment
Plan which is the update to the 2022 SAP and the update relating to the Bonds, as it may be
modified, amended, supplemented, and updated from time to time.
"2023 Amended Service SAP" means the 2023 Amended Service and Assessment Plan, which is the
update to the 2022 Amended and Restated SAP, as it may be modified, amended, supplemented, and
updated from time to time.
"2024 Amended SAP" means this 2024 A m e n d e d SAP and the update relating to the changed
property roll, as it may be modified, amended, supplemented, and updated from time to time.
"Actual Costs" means, with respect to the Authorized Improvements, (a) the costs incurred by or on behalf
of Owner for the design, planning, acquisition, installation, construction and/or implementation of such
Authorized Improvement, (b) the costs incurred in preparing the construction plans for such Authorized
Improvement, (c) the fees paid for obtaining permits, licenses or other governmental approvals for such
Authorized Improvement, (d) the costs incurred by or on behalf of the Owner for external professional
costs, such as engineering, geotechnical, surveying, land planning, architectural landscapers, appraisals,
legal, accounting and similar professional services, (e) taxes (property and franchise) related to the
Authorized Improvements that benefit the properties within the boundaries of the District, (f) all labor,
bonds and materials, including equipment and fixtures, incurred by contractors, builders and materialmen
in connection with the acquisition, construction or implementation of the Authorized Improvement, and
(f) all related permitting, zoning and public approval expenses, architectural, engineering, legal and
consulting fees, financing charges, taxes, governmental fees and charges, insurance premiums, and
miscellaneous expenses plus interest, if any, calculated from the respective dates of the expenditures until
the date of reimbursement therefore.
Northwest Passage PID SAP 3
"Additional Interest" means the amount collected by application of the Additional Interest Rate.
"Additional Interest Rate" means the 0.25% additional interest charged on the Assessments securing
Bonds pursuant to Section 372.018 of the PID Act.
"Administrator" means the City or the person or independent firm designated by the City who shall have
the responsibility provided in this 2024 Amended SAP, the Indenture, or any other agreement or
document approved by the City related to the duties and responsibility of the administration of the
District.
"Annual Collection Costs" mean the actual or budgeted costs and expenses related to the creation and
operation of the District, and the construction, operation, and maintenance of the Authorized
Improvements, including, but not limited to, costs and expenses for: (1) the Administrator and City staff;
(2) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (3)
calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (4)
preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (5)
paying, and redeeming Bonds; (6) investing or depositing Assessments and Annual Installments; (7) complying
with this 2024 Amended SAP and the PID Act with respect to the administration of the District, including
continuing disclosure requirements; and (8) the paying agent/registrar and Trustee in connection with Bonds,
including their respective legal counsel. Annual Collection Costs collected but not expended in any year shall be
carried forward and applied to reduce Annual Collection Costs for subsequent years.
"Annual Installment" means the annual installment payment of an Assessment as calculated by the
Administrator and approved by the City Council, which includes: (1) principal; (2) interest; (3) Annual Collection
Costs; and (4) Additional Interest.
"Annual Service Plan Update" means an update to the SAP prepared no less frequently than annually by the
Administrator and approved by the City Council.
"Assessed Property" means any Parcel within the District that benefits from the Authorized Improvements and on
which an Assessment is levied as shown on the Assessment Roll and which includes any and all Parcels within
the District other than Non-Benefitted Property.
"Assessment" means an assessment levied against a Parcel and imposed pursuant to an Assessment Ordinance
and the provisions herein, as shown on the Assessment Roll, subject to reallocation upon the subdivision of
such Parcel or reduction according to the provisions herein and in the PID Act.
"Assessment Ordinance" means Ordinance No. 2021-00152 adopted by the City Council on November 1, 2021 in
accordance with the PID Act that approved the 2022 SAP and levied an Assessment on Assessed Property within
the District.
"Assessment Plan" means the methodology employed to assess the Actual Costs of the Authorized
Northwest Passage PID SAP 4
Improvements against Assessed Property within the District based on the special benefits conferred on such
property by the Authorized Improvements, more specifically described in Section V.
"Assessment Roll" means the assessment roll for the Assessed Property within the District and included in this
2024 Amended SAP as Exhibit F, as updated, modified, or amended from time to time in accordance with
the procedures set forth herein and in the PID Act, including updates prepared in connection with the issuance
of Bonds or in connection with any Annual Service Plan Update.
"Authorized Improvements" mean improvements authorized by Section 372.003 of the PID Act, including
Public Improvements and District Formation and Bond Issuance Costs.
"City" means the City of Lubbock, Texas.
"City Council" means the governing body of the City.
"County" means Lubbock County, Texas.
"Delinquent Collection Costs" mean, for a Parcel, interest, penalties, and other costs and expenses authorized by
the PID Act that directly or indirectly relate to the collection of delinquent Assessments, delinquent Annual
Installments, or any other delinquent amounts due under this SAP, including costs and expenses to foreclose
liens.
"District" means the approximately 992.06 acres within the corporate limits of the City, as described legally by
metes and bounds on Exhibit A and as depicted by the map on Exhibit B.
"District Formation and Bond Issuance Costs" mean the costs associated with forming the District and issuing
Bonds, including but not limited to attorney fees, financial advisory fees, consultant fees, appraisal fees,
printing costs, publication costs, City costs, capitalized interest, reserve fund requirements, first year's Annual
Collection Costs, underwriter discount, fees charged by the Texas Attorney General, and any other cost or
expense directly associated with the establishment of the District and/or the issuance of Bonds.
"Estimated Buildout Value" means the estimated buildout value of an Assessed Property at the time
Assessments are levied, and shall be determined by the Administrator and confirmed by the City Council by
considering such factors as density, lot size, proximity to amenities, view premiums, location, market conditions,
historical sales, builder contracts, discussions with homebuilders, reports from third party consultants, or any
other information that may impact value.
"Indenture" means an Indenture of Trust entered into in connection with the issuance of Bonds, as amended or
supplemented from time to time, between the City and the Trustee setting forth terms and conditions related
to the Bonds.
"Landowner Agreement" means that certain Landowner Agreement between the City and Owner dated March
22, 2022.
"Lot" means (1) for any portion of the District for which a subdivision plat has been recorded in the official
public records of the County, a tract of land described as a "lot" in such subdivision plat, and (2) for any portion of
the District for which a subdivision plat has not been recorded in the official public records of the County, a tract
Northwest Passage PID SAP 5
of land anticipated to be described as a "lot" in a final recorded subdivision plat as shown on a concept plan or
preliminary plat.
"Lot Type" All lot types at this time are the same with no classifications. Since the assessment is based on $0.15
per $100 valuation it will distribute the assessment fairly between the different sizes and types.
"Maximum Assessment" means the maximum assessment of $0.15 per $100 valuation for each of the lots.
"Non-Benefitted Property" means Parcels within the boundaries of the District that accrue no special benefit
from Authorized improvements as determined by the City Council.
"Owner" means the non -City parties to the Landowner Agreement.
"Parcel(s)" means a property, within the boundaries of the District, identified by either a tax map identification
number assigned by the Lubbock Central Appraisal District for real property tax purposes, by metes and bounds
description, by lot and block number in a final subdivision plat recorded in the official public records of the
County, or by any other means as determined by the City Council.
"PID Act" means Chapter 372, Texas Local Government Code, as amended.
"Bonds" mean those certain "City of Lubbock, Texas, Bonds (Northwest Passage Public Improvement District)",
and any other bonds issued in accordance with the PID Act, if applicable, that are secured by Assessments.
"Prepayment" means the payment of all or a portion of an Assessment before the due date thereof. Amounts
received at the time of a Prepayment which represent a payment of principal, interest, or penalties on a
delinquent installment of Assessment are not to be considered a Prepayment, but rather are to be treated as
a payment of the regularly scheduled Assessment.
"Prepayment Costs" mean interest, including Additional Interest, and Annual Collection Costs incurred up to
the date of Prepayment.
"Public Improvements" means those Authorized Improvements specifically described in Section III.A.
"Service Plan" covers a period of at least five years and defines the annual indebtedness and projected costs of
the Authorized Improvements, more specifically described in Section IV.
"Trustee" means the trustee (or successor trustee) under an Indenture.
Northwest Passage PID SAP
SECTION II: THE DISTRICT
The District includes approximately 992.06 acres within the corporate limits of the City, as described
legally by metes and bounds on Exhibit A and as depicted by the map on Exhibit B. Development of
the District is anticipated to include 4400 single-family homes.
SECTION III: AUTHORIZED IMPROVEMENTS
The City, based on information provided by the Owner and its engineer and review by the City staff,
determined that the Authorized Improvements confer a special benefit on the Assessed Property.
Public Improvements will be designed and constructed in accordance with City standards and will be
owned and operated by the City once accepted unless specifically stated below. The budget for the
Authorized Improvements, as well as the allocation of the Actual Costs of the Authorized
Improvements, is shown on Exhibit C.
A. Public Improvements
Drainage
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and boxes,
headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as all related
earthwork, excavation, and erosion control necessary to provide storm drainage for all Lots in the
District.
a Soft Costs/Contingency/Project Management
Includes 23% soft costs, contingency and project management fee.
■ Administration costs for managing the PID.
B. District Formation and Bond Issuance Costs
Debt Service Reserve Requirement
Equals the amount required to fund a reserve under the Indenture in connection with the issuance of
Bonds.
■ Capitalized Interest
Equals the amount of capitalized interest available for payment of interest on Bonds as reflected in
the Indenture.
a Underwriter's Discount
Equals a percentage of the par amount of a particular series of Bonds and includes a fee for
underwriter's counsel.
Northwest Passage PID SAP 7
a Cost of Issuance
Costs associated with issuing Bonds, including but not limited to attorney fees, financial advisory
fees, consultant fees, appraisal fees, printing costs, publication costs, City costs, fees charged by
the Texas Attorney General, and any other cost or expense directly associated with the issuance
of Bonds.
■ District Formation
Expenses directly associated with forming the District including 1st year Annual Collection Costs.
SECTION IV: SERVICE PLAN
The PID Act requires the Service Plan to cover a period of at least five years. The Service Plan is required
to define the projected costs and annual indebtedness for the Authorized Improvements undertaken
within the District during the five-year period. The Service Plan shall be updated in each Annual Service
Plan Update. Exhibit D summarizes the Service Plan for the District.
Exhibit E summarizes the sources and uses of funds required to construct certain Authorized
Improvements. Exhibit E will be updated to show the amount required to fund the required reserves and
issue the Bonds at the time the Bonds are issued. The sources and uses of funds shown on Exhibit E shall
be updated in each Annual Service Plan Update.
SECTION V: ASSESSMENT PLAN
The PID Act requires the City to apportion the Actual Costs of the Authorized Improvements to the
Assessed Property based on the special benefit received from the Authorized Improvements. The PID Act
provides that such costs may be apportioned: (1) equally per front foot or square foot; (2) according to
the value of property as determined by the City, with or without regard to improvements constructed on
the property; or (3) in any other manner approved by the City that results in imposing equal shares of such
costs on property similarly benefited. The PID Act further provides that the governing body may establish
by ordinance or order reasonable classifications and formulas for the apportionment of the cost between
the municipality and the area to be assessed and the methods of assessing the special benefits for various
classes of improvements.
This section of this 2024 Amended SAP describes the special benefit received by each Assessed Property
within the District as a result of the Authorized Improvements and provides the basis and justification
for the determination that this special benefit exceeds the amount of the Assessments levied on the
Assessed Property for such Authorized Improvements.
The determination by the City of the assessment methodologies set forth below is the result of the
Northwest Passage PID SAP 8
discretionary exercise by the City Council of its legislative authority and governmental powers and is
conclusive and binding on the Owner and all future owners and developers of the Assessed Property.
A. Assessment Methodology
The City Council, acting in its legislative capacity based on information provided by the Developer and
its engineer and reviewed by the City staff, has determined that the costs of the Authorized
Improvements shall be allocated to each Parcel based on the Estimated Buildout Value of each Parcel.
Upon subdivision of an Assessed Property, the Actual Costs of the Authorized Improvements shall be
reallocated based on Estimated Buildout Value but assessments will be based on actual taxable value as
further described in Section VI.
B. Assessments
Assessments will be levied on the Assessed Property according to the Assessment Roll, attached hereto
as Exhibit F. The projected Annual Installments are shown on Exhibit G, subject to revisions made during
any Annual Service Plan Update.
C. Findings of Special Benefit
The City Council, acting in its legislative capacity based on information provided by the Owner and its
engineer and reviewed by the City staff, has found and determined:
■ The costs of the Improvements equals $41,275,434 as shown on Exhibit C; and
■ The Assessed Property receives special benefit equal to or greater than the Improvements; and
■ The Assessed Property was allocated 100% of the Assessments levied for the Authorized
Improvements, which equals $14,732,013 (Principal and Interest only) as shown on Exhibit M; and
■ The special benefit ($41,275,434) received by the Assessed Property from the Improvements is
greater than the amount of Assessments ($14,732,013) levied on the Assessed Property for the
Improvements; and
■ At the time the City Council approved the Assessment Ordinance, the Owner owned 100% of the
Parcels. In the Landowner Agreement with the City, the Owner acknowledged that the Authorized
Improvements confer a special benefit on the Assessed Property and consented to the imposition of
the Assessments to pay for the Actual Costs associated therewith. The Owner ratified, confirmed,
accepted, agreed to, and approved (1) the determinations and findings by the City Council as to the
special benefits described herein and in the Assessment Ordinance, (2) the 2022 SAP and the
Assessment Ordinance, and (3) the levying of the Assessments on the Assessed Property.
Annual Collection Costs
The Annual Collection Costs shall be paid for on a pro rata basis by each Assessed Property based on
the amount of outstanding Assessment remaining on the Assessed Property. The Annual Collection
Costs shall be collected as part of and in the same manner as Annual Installments in the amounts
shown on the Assessment Roll, which may be revised based on Actual Costs incurred in Annual
Service Plan Updates.
Northwest Passage PID SAP 9
D. Additional Interest
The interest rate on Assessments levied on the Assessed Property may exceed the interest rate on
the Bonds by the Additional Interest Rate. Additional Interest shall be collected as part of each Annual
Installment and shall be deposited pursuant to the Indenture.
SECTION VI: TERMS OF THE ASSESSMENTS
A. Reallocation of Assessments
1. Upon Division Prior to Recording of Subdivision Plat or Upon Subdivision by a Recorded
Subdivision Plat
Upon the division of any Assessed Property (without the recording of subdivision plat), the
Administrator shall reallocate the Assessment for the Assessed Property prior to the division
among the newly divided Assessed Properties according to the following formula:
A=Bx(C=D)
Where the terms have the following meanings:
A = the Assessment for the newly divided Assessed Property
B = the Assessment rate for the Assessed Property prior to
division
C = the Estimated Buildout Value of the newly divided Assessed Property
D = the sum of the Estimated Buildout Value for all the newly divided Assessed Properties
The sum of the Assessment rate for all newly divided Assessed Properties shall equal the Assessment
rate for the Assessed Property prior to subdivision. The calculation shall be made separately for
each newly divided Assessed Property. The reallocation of an Assessment for an Assessed
Property that is a homestead under Texas law may not exceed the Assessment prior to the
reallocation. Any reallocation pursuant to this section shall be reflected in the next Annual Service
Plan Update and update to this Service and approved by the City Council.
2. Upon Consolidation
If two or more Lots or Parcels are consolidated, the Administrator shall allocate the Assessments
against the Lots or Parcels before the consolidation to the consolidated Lot or Parcel, which allocation
shall be approved by the City Council in the next Annual Service Plan Update.
The Assessment for any resulting Lot will not exceed the Maximum Assessment, shown on Exhibit H, and
compliance may require a mandatory prepayment of Assessments pursuant to Section VI.B.
B. True -up of Assessments if Maximum Assessment Exceeded
If the subdivision of any Assessed Property by a final subdivision plat causes the Assessment per Lot for
any Lot Type to exceed the Maximum Assessment, the owner of Assessed Property requesting the
Northwest Passage PID SAP 10
subdivision must prepay the portion of the Assessment for each Assessed Property that exceeds the
Maximum Assessment in an amount sufficient to reduce the Assessment to the Maximum Assessment.
C. Mandatory Prepayment of Assessments
If Assessed Property is transferred to a person or entity that is exempt from payment of the Assessments,
the owner transferring the Assessed Property shall pay to the City or the Administrator on behalf of the
City the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection
Costs, if any, for such Assessed Property, prior to the transfer. If the owner of the Assessed Property causes
the Assessed Property to become Non-Benefitted Property, the owner causing the change in status shall
pay the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection
Costs, if any, prior to the change in status.
D. Reduction of Assessments
If as a result of cost savings or Authorized Improvements not being constructed, the Actual Costs of
completed Authorized Improvements are less than the Assessments, (i) in the event Bonds are not issued,
the City Council shall reduce each Assessment on a pro-rata basis such that the sum of the resulting
reduced Assessments for all Assessed Property equals the reduced Actual Costs, or (ii) in the event Bonds
are issued, the Trustee shall apply amounts on deposit in the applicable account of the Project Fund,
relating to the Bonds, that are not expected to be used for purposes of the Project Fund to redeem
outstanding Bonds, in accordance with the applicable Indenture.
The Assessments shall not, however, be reduced to an amount less than the outstanding Bonds.
The Administrator shall update (and submit to the City Council for review and approval as part of the next
Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments, as shown on
Exhibits F, and G, to reflect the reduced Assessments.
E. Prepayment of Assessments
The owner of the Assessed Property may pay, at any time, all or any part of an Assessment in accordance
with the PID Act. Interest costs from the date of prepayment to the date of redemption of the applicable
Bonds, if any, may be paid from a reserve established under the applicable Indenture. If an Annual
Installment has been billed prior to the Prepayment, the Annual Installment shall be due and payable and
shall be credited against the Prepayment.
If an Assessment is pre -paid in full, with Prepayment Costs: (1) the Administrator shall cause the
Assessment to be reduced to zero and the Assessment Roll to be revised accordingly; (2) the Administrator
shall cause the revised Assessment Roll to be approved by the City Council as part of the next Annual
Service Plan Update; and (3) the obligation to pay the Assessment and corresponding Annual Installments
shall terminate.
If an Assessment is pre -paid in part, with Prepayment Costs: (1) the Administrator shall cause the
Assessment to be reduced and the Assessment Roll revised accordingly; (2) the Administrator shall cause
the revised Assessment Roll to be approved by the City Council as part of the next Annual Service Plan
Update; and (3) the obligation to pay the Assessment and corresponding Annual Installments shall be
reduced to the extent of the Prepayment made.
Northwest Passage PID SAP 11
F. Prepayment as a result of Eminent Domain Proceeding or Taking
If any portion of any Parcel of Assessed Property is taken from an owner as a result of eminent domain
proceedings or if a transfer of any portion of any Parcel of Assessed Property is made to an entity with the
authority to condemn all or a portion of the Assessed Property in lieu of or as a part of an eminent domain
proceeding (a "Taking"), the portion of the Assessed Property that was taken or transferred (the "Taken
Property") shall be reclassified as Non-Benefitted Property.
For the Assessed Property that is subject to the Taking as described in the preceding paragraph, the
Assessment that was levied against the Assessed Property (when it was included in the Taken Property)
prior to the Taking shall remain in force against the remaining Assessed Property (the Assessed Property
less the Taken Property), (the "Remaining Property") following the reclassification of the Taken Property
as Non-Benefitted Property, subject to an adjustment of the Assessment applicable to the Remaining
Property after any required Prepayment as set forth below. The owner will remain liable to pay in Annual
Installments, or payable as otherwise provided by this Service and Assessment Plan, as updated, or the
PID Act, the Assessment that remains due on the Remaining Property, subject to an adjustment in the
Annual Installments applicable to the Remaining Property after any required Prepayment as set forth
below. Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property
exceeds the Maximum Assessment, the owner will be required to make a Prepayment in an amount
necessary to ensure that the Assessment against the Remaining Property does not exceed the Maximum
Assessment, in which case the Assessment and Annual Installments applicable to the Remaining Property
will be reduced by the amount of the partial Prepayment. In all instances the Assessment remaining on
the Remaining Property shall not exceed the Maximum Assessment.
By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100 Assessment and
10 acres is taken through a Taking, the 10 acres of Taken Property shall be reclassified as Non-Benefitted
Property and the remaining 90 acres of Remaining Property shall be subject to the $100 Assessment,
(provided that this $100 Assessment does not exceed the Maximum Assessment on the Remaining
Property). If the Administrator determines that the $100 Assessment reallocated to the Remaining
Property would exceed the Maximum Assessment on the Remaining Property by $10, then the owner
shall be required to pay $10 as a Prepayment of the Assessment against the Remaining Property and the
Assessment on the Remaining Property shall be adjusted to be $90 and the Annual Installments adjusted
accordingly.
Notwithstanding the previous paragraphs in this subsection (F), the Assessments shall not, however, be
reduced to an amount less than the outstanding Bonds.
G. Payment of Assessment in Annual Installments
Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit G shows the
projected Annual Installments for the District. Annual Installments are subject to adjustment in each
Annual Service Plan Update.
The Administrator shall prepare and submit to the City Council for its review and approval an Annual
Service Plan Update to allow for the billing and collection of Annual Installments. Each Annual Service Plan
Update shall include updated Assessment Rolls and updated calculations of Annual Installments. Annual
Collection Costs shall be allocated pro rata among Assessed Properties for which the Assessments remain
unpaid in proportion to the amount of the Annual Installments for the Assessed Property. Annual
Installments shall be collected by the City in the same manner and at the same time as ad valorem taxes.
Northwest Passage PID SAP 12
Annual Installments shall be subject to the penalties, procedures, and foreclosure sale in case of
delinquencies asset forth in the PID Act and in the same manner as ad valorem taxes for the City. The
City Council may provide for other means of collecting Annual Installments. Assessments shall have
the lien priority specified in the PID Act.
Sales of the Assessed Property for nonpayment of Annual Installments shall be subject to the lien for
the remaining unpaid Annual Installments against the Assessed Property, and the Assessed Property
may again be sold at a judicial foreclosure sale if the purchaser fails to timely pay the Annual
Installments as they become due and payable.
The City reserves the right to refund Bonds in accordance with the PID Act. In the event of a refunding,
the Administrator shall recalculate the Annual Installments so that total Annual Installments will be
sufficient to pay the refunding bonds, and the refunding bonds shall constitute "Bonds."
Each Annual Installment of an Assessment, including interest on the unpaid principal of the
Assessment, shall be updated annually. Each Annual Installment shall be due when billed and shall
be delinquent if not paid prior to February 1 of the following year. Failure of an owner of Assessed
Property to receive an invoice for an Annual Installment on the property tax bill or otherwise shall
not relieve the owner of Assessed Property of the obligation to pay the Assessment. Assessments, or
Annual Installments thereof, that are delinquent shall incur Delinquent Collection Costs.
SECTION VII: ASSESSMENT ROLL
The Assessment Roll is attached as Exhibit F. The Administrator shall prepare and submit to the City
Council for review and approval, proposed revisions to the Assessment Roll and Annual Installments for
each Parcel within the Assessed Property as part of each Annual Service Plan Update.
SECTION Vill: ADDITIONAL PROVISIONS
A. Calculation Errors
If the owner of an Assessed Property claims that an error has been made in any calculation
required by this 2024 Amended SAP, including, but not limited to, any calculation made as part
of any Annual Service Plan Update, the sole and exclusive remedy of the owner of Assessed
Property shall be to submit a written notice of error to the Administrator by December of
each year following City Council approval of the calculation; otherwise, the owner shall be
deemed to have unconditionally approved and accepted the calculation. Upon receipt of a
written notice of error from an owner the Administrator shall provide a written response to
the City Council and the owner within 30 days of such referral. The City Council shall consider
the owner's notice of error and the Administrator's response at a public meeting, and within
Northwest Passage PID SAP 13
30 days after adjourning such meeting, the City Council shall make a final determination as to
whether an error has been made. If the City Council determines that an error has been made, the City
Council shall take such corrective action as is authorized by the PID Act, this 2024 Amended SAP, the
applicable Assessment Ordinance, or the applicable Indenture, or is otherwise authorized by the
discretionary power of the City Council. The determination by the City Council as to whether an error
has been made, and any corrective action taken by the City Council, shall be final and binding on the
owner and the Administrator.
B. Amendments
Amendments to this 2024 Amended SAP must be made by the City Council in accordance with the PID
Act. To the extent permitted by the PID Act, this 2024 Amended SAP may be amended without
notice to owners of the Assessed Property: (1) to correct mistakes and clerical errors; (2)
to clarify ambiguities; and (3) to provide procedures to collect Assessments, Annual
Installments, and other charges imposed by this 2024 Amended SAP.
C. Administration and Interpretation
The Administrator shall: (1) perform the obligations of the Administrator as set forth in this 2024 Amended
SAP;
(2) administer the District for and on behalf of and at the direction of the City Council; and (3)
interpret the provisions of this 2024 Amended SAP. Interpretations of this 2024 Amended SAP
by the Administrator shall be in writing and shall be appealable to the City Council by
owners of Assessed Property adversely affected by the interpretation.
Appeals shall be decided by the City Council after providing an opportunity for all interested
parties to be heard at a public meeting of the City Council. Decisions by the City Council shall be
final and binding on the owners and developers and their successors and assigns.
D. Severability
If any provision of this 2024 Amended SAP is determined by a governmental agency or court
to be unenforceable, the unenforceable provision shall be deleted and, to the maximum
extent possible, shall be rewritten to be enforceable. Every effort shall be made to enforce
the remaining provisions.
Northwest Passage PID SAP 14
LIST OF EXHIBITS
Exhibit A
District Legal Description
Exhibit B
District Boundary Map
Exhibit C
Authorized Improvements
Exhibit D
Service Plan - Five Year Plan
Exhibit E
Service Plan - Sources and Uses
Exhibit F
Assessment Roll
Exhibit
Estimated Annual Installments
Exhibit H
Maximum Assessment per Lot Type
Exhibit I
Estimated Allocation of Public Improvement Costs by Tract
Exhibit!
Estimated Debt Service Schedule
Exhibit K
Parcel Updates
Northwest Passage PID SAP 15
EXHIBIT A- DISTRICT LEGAL DESCRIPTION
Tract 1(Northwest Quadrant):
METES AND BOUNDS DESCRIPTION of a 476.102-acre tract located in Section 11, Block JS, Abstract 343,
Lubbock County, Texas, being a portion of that 727.417-acre tract described in Volume 10351, Page 176,
Official Public Records of Lubbock County, Texas (OPRLCT), said 476.102-acre tract being further described
as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in a West line of that 17.40-acre
street right-of-way dedication as described in County Clerk File Number (CCFN) 2012043729, OPRLCT,
having a grid coordinate of N-7289808.60, E-926282.74, Texas Coordinate System of 1983, North-Central
Zone, which point bears N. 88°14'14" W. a distance of 548.88 feet from a broken nail found at the common
comer of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A, Lubbock County, Texas;
THENCE N. 88°14'14" W, along the South line of said Section 11 and the North line of said Section 6, same
being a South line of said 727.417-acre tract a distance of 2580.70 feet to a 1/2" iron rod found at the
Southeast comer of that property conveyed to Elizabeth Montalvo in Volume 6202, Page 313, OPRLCT and
a comer of said 727.417-acre tract;
THENCE N. 01043'53" E., along a line of said 727.417-acre tract and an East line of said Montalvo property,
at 50.00 feet pass the North right-of-way line of Ursuline Street as described in Volume 1213, Page 346,
OPRLCT, continuing for a total distance of 625.08 feet to a metal fence post found at a comer of said
727.417-acre tract and the most Easterly Northeast comer of said Montalvo property;
THENCE N. 88013'31" W., along a line of said 727.417-acre tract and a North line of said Montalvo property
a distance of 1204.98 feet to a metal fence post found at a comer of said 727.417-acre tract and an "ell"
comer of said Montalvo property;
THENCEN. 01°47'44" E., along a line of said 727.417-acre tract and an East line of said Montalvo property
and the East lines of those tracts described in Volume 8455, Page 307, Volume 4150, Page 74, and Volume
4150, Page 76, OPRLCT, a distance of 2014.64 feet to a fence post found in the South line of that 14.809-
acre tract described in Volume 9594, Page 191, OPRLCT, at an "ell" comer of said 727.417-acre tract;
THENCE S. 88°14'37" E., along a line of said 727.417-acre tract and the South line of said 14.809- acre tract
a distance of 796.21 feet to a 1/2" iron rod with cap (Newton) found at a comer of said 727.417-acre tract
and the Southeast comer of said 14.809-acre tract;
THENCE N. 01°43'22" E., along a line of said 727.417-acre tract and the East line of said 14.809- acre tract
a distance of 369.94 feet to a 1/2" iron rod with cap (Newton) found at a comer of said 727.417-acre tract
and the Northeast comer of said 14.809-acre tract;
A-1
Northwest Passage PID SAP 16
THENCE N. 88°14'23" W., along a line of said 727.417-acre tract and the North line of said 14.809-acre tract,
at 1682.32 feet pass the East right-of-way line of Frankford Avenue (FM 2528) as described in Volume 1012,
Page 465, OPRLCT, continuing for a total distance of 1742.32 feet to a cotton spindle found in the West line
of said Section 11, at a comer of said 727.417-acre tract and the Northwest comer of said 14.809-acre tract;
THENCE N. 01"44'18" E., along the West line of said Section 11 and a West line of said 727.417- acre
tract a distance of 2269.05 feet to a cotton spindle found at the Northwest comer of said Section 11
and the Northwest comer of said 727.417-acre tract;
THENCE S. 88°05'04" E., along a North line of said 727.417-acre tract and the North line of said Section 11
a distance of 2080.26 feet to a 40-penny nail found at a comer of said 727.417-acre tract and the Northwest
comer of that 5-acre tract described in Volume 7040, Page 170, OPRLCT;
THENCE S. 01°55'34" W., along a line of said 727.417-acre tract and the West line of said 5-acre tract, at
50.00 feet pass the South right-of-way line of Kent Street as described in Volume 1012, Page 563, OPRLCT,
continuing for a total distance of 926.74 feet to a 3/8" iron rod found at the Southwest comer of said 5-
acre tract and a comer of said 727.417-acre tract;
THENCE S. 88°03'33" E., along a line of said 727.417-acre tract and the South line of said 5-acre tract
a distance of 234.68 feet to a 1/2" iron rod with cap (RPLS 4579) found at the Southeast comer of said
5-acre tract and a comer of said 727.417-acre tract;
THENCE N. 01°56'30" E., along the East line of said 5-acre tract and a line of said 727.417-acre tract, at
876.85 feet pass the South right-of-way line of said Kent Street, continuing for a total distance of 926.85
feet to a 60-penny nail found in the North line of said Section 11 and a North line of said 727.417-acre tract
at the Northeast comer of said 5-acre tract;
THENCE S. 88°05'04" E., along the North line of said Section 11 and a North line of said 727.417- acre tract
a distance of 819.69 feet to a concrete nail found in the Southwesterly right-of-way line of U.S. Highway 84
(Clovis Road) at a comer of said 727.417-acre tract;
THENCE S. 01°57'08" W., along said Southwesterly right-of-way line and a line of said 727.417- acre tract a
distance of 50.00 feet to a 1/2" iron rod with cap (Newton) found;
THENCE S. 77°32'31" E., continuing along said right-of-way and a line of said 727.417-acre tract a distance
of 283.34 feet to a concrete right-of-way marker found;
THENCE S. 58°11'23" E., continuing along said right-of-way and a line of said 727.417-acre tract a
distance of 1353.47 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the West
right-of-way line of Slide Road, same being the West line of said 17.40-acre tract;
THENCE Southeasterly, along said right-of-way line, along a curve to the left, said curve having a radius
of 1575.00 feet, a central angle of 61'23'03", a chord bearing of S. 00°16'32" E., a chord distance of
1607.84 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of tangency;
A-2
Northwest Passage PID SAP 17
THENCE S. 30°58'04" E., continuing along said right-of-way line a distance of 534.62 feet to a
112" iron rod found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said curve having
a radius of1425.00 feet, a central angle of 32°18'04", a chord bearing of S. 14°49'02" E., a chord distance of
792.76 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found at a point of tangency;
THENCE S. 01°20'00" W., continuing along said right-of-way line a distance of 1180.93 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE S. 04°11 '44" W., continuing along said right-of-way line a distance of 200.25 feet to a
112" iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE S. 01°20'00" W., continuing along said right-of-way line a distance of 208.00 feet to a
112" iron rod found at a point of intersection;
THENCE S. 46°32'53" W., continuing along said right-of-way line a distance of 42.27 feet to a 112" iron rod
with cap marked "HUGO REED & ASSOC" found at a point of intersection in the North right-of-way line of
Ursuline Street;
THENCE N. 88°14'14" W., continuing along said right-of-way line a distance of 397.10 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 01°45'46" W., continuing along said right-of-way line, at 5.00 feet pass the North right-of-way
line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of
55.00 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 2 (Northeast Quadrant):
METES AND BOUNDS DESCRIPTION of a 230.125-acre tract located in Sections 11, Block JS, Abstract 343,
and Section 14, Block A, Abstracts 861 and 1332, Lubbock County, Texas, being a portion of that 727.417-
acre tract described in Volume 10351, Page 176, Official Public Records of Lubbock County, Texas (OPRLCT),
and a portion of that 286.14-acre tract described in Volume 10351, Page 183, OPRLCT, said 230.125-
acre tract being further described as follows:
BEGINNING at a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set in an East line of that 17.40-
acre street right-of-way dedication as described in County Clerk File Number (CCFN) 2012043729, OPRLCT,
having a grid coordinate of N-7289776.71, E-927306.98, Texas Coordinate System of 1983, North-Central
Zone, which point bears S. 88°11'41" E. a distance of 476.10 feet from a broken nail found at the common
corner of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A, Lubbock County, Texas;
A-3
Northwest Passage PID SAP 18
THENCE N. 01*48' 19" E., along an East line of said 17.40-acre tract, at 50.00 feet pass the North right-of-
way line of Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance
of 55.00 feet to a 112" iron rod with cap marked "HUGO REED & ASSOC" set for a corner of said 17.40-acre
tract in the North right-of-way line of Ursuline Street;
THENCE N. 85°19'56" W., along said right-of-way line a distance of 200.25 feet to a 1/2" iron rod with
cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°11'41" W., continuing along said right-of-way line a distance of 208.00 feet to a 112" iron
rod with cap marked "HUGO REED & ASSOC" found at a point of intersection;
THENCE N. 43°25'50" W., continuing along said right-of-way line a distance of 42.60 feet to a "crow's foot"
chiseled in concrete for a point of intersection in the East right-of-way line of Slide Road, same being the
East line of said 17.40-acre tract;
THENCE N. 01°20'00" E., along said right-of-way line a distance of 1580.17 feet to a 112" iron rod with cap
marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the left, said curve
having a radius of 1575.00 feet, a central angle of 32°18'04", a chord bearing of N. 14°49'02" W., a
chord distance of 876.21 feet to a 112" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of tangency;
THENCE N. 30"58'04" W., continuing along said right-of-way line a distance of 534.62 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Northwesterly, continuing along said right-of-way line, along a curve to the right, said curve
having a radius of 1425.00 feet, a central angle of 44°23'25", a chord bearing of N. 08°46'22" W., a
chord distance of 1076.62 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" set for a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said curve
having a radius of 1478.85 feet, a central angle of 06°54'41", a chord bearing. of N. 20*13 '30" E., a
chord distance of 178.28 feet to a 112" iron rod with cap marked "HUGO REED
& ASSOC" found at a point of intersection;
THENCE Northeasterly, continuing along said right-of-way line, along a curve to the right, said curve
having a radius of 1415.00 feet, a central angle of 09°38'59", a chord bearing of N. 25°26'03" E., a
chord distance of 238.03 feet to a 1/2" iron rod with cap marked "HUGO REED
& ASSOC" found in the Southwesterly right-of-way line of U.S. Highway 84 (Clovis Road), in a Northerly line
of said 727.417-acre tract;
THENCE S. 58°11'34" E., along said Clovis Road right-of-way line and a Northerly line of said 727.417-acre
tract a distance of 644.87 feet to a 1/2" iron rod with cap marked "HUGO REED &
A-4
Northwest Passage PID SAP 19
ASSOC" found in the East line of said Section 11 and the West line of said Section 14, at a comer of said
727.417-acre tract
THENCE S. 01°45'00" W., along the East line of said Section 11 and the West line of said Section 14 and a
line of said 727.417-acre tract a distance of 1447.24 feet to a 112" iron rod with cap marked "HUGO REED
& ASSOC" set for a comer of said 727.417-acre tract;
THENCE S. 88°11'29" E., along a line of said 727.417-acre tract a distance of 1696.26 feet to a 5/8" iron rod
found at a comer of said 727.417-acre tract;
THENCE S. 01°50'26" W., along a line of said 727.417-acre tract a distance of 333.98 feet to a 112" iron pipe
found at a comer of said 727.417-acre tract;
THENCE S. 88°08'32" E., along a line of said 727.417-acre tract a distance of 311.55 feet to a chain -link
fence post found at a comer of said 727.417-acre tract;
THENCE S. 55008'25" E., along a line of said 727.417-acre tract a distance of 3142.70 feet to a 112" iron rod
with cap marked "HUGO REED & ASSOC" found at the Northwest plat limits of Tract "A", LP&L Northwest
Substation Addition as recorded in CCFN 2008042914, OPRLCT;
THENCE S. 01*48' 11" W., along said West plat limits, at 541.59 feet pass the North right-of-way line of
Ursuline Street as described in Volume 1213, Page 346, OPRLCT, continuing for a total distance of 591.59
feet to a 112" iron rod found in the South line of said Section 14 and the South line of said 727.417-acre
tract at the Southwest plat limits comer of said Tract "A" and the Southeast comer of this tract;
THENCE N. 88°11'41" W., along the South line of said Section 14 and the South line of said 727.417-acre
tract a distance of 4164.33 feet to the Point of Beginning.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 3 (Southwest Quadrant, excluding portion in the North Pointe PID):
METES AND BOUNDS DESCRIPTION of a 318.340-acre being a portion of that 160.139-acre tract located in
Section 6, Block JS, Abstract 1492, Lubbock County, Texas, described in Volume 9785, Page 28, Official
Public Records of Lubbock County, Texas (OPRLCD, and a portion of that 153.864-acre tract located in
Section 6, Block JS, Lubbock County, Texas, Abstract 1516, described in County Clerk File Number (CCFN)
2006043021, and that tract located in said Section 6 described in Volume 10263, Page 222, OPRLCT, and a
portion of that 303.29-acre tract located in Section 5, Block JS, Lubbock County, Texas, Abstract 346,
described in Volume 10016, Page 135, OPRLCT, said 318.340-acre tract being further described as follows:
BEGINNING at a 112" iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection in
the South right-of-way line of Ursuline Street, same being a line of that 17.40-acre street right-of-way
dedication as described in CCFN 2012043729, OPRLCT, having a grid
A-5
Northwest Passage PID SAP 20
coordinate of N-7289731.09, E-926687.46, Texas Coordinate System of 1983, North-Central Zone, which
point bears N. 88°14'14" W. a distance of 140.88 feet and S. 01°45'46" W. a distance of 65.00 feet from a
broken nail found at the common corner of Sections 11, 6, and 5, all in Block JS, and Section 14, Block A,
Lubbock County, Texas;
THENCE S. 43°27'07" E., along a line of said 17.40-acre tract a distance of 42.59 feet to an "X" chiseled in
concrete set for a point of intersection in the West right-of-way line of Slide Road;
THENCE S. 01°20'00" W., along said West right-of-way line a distance of 574.41 feet to a 1/2" iron rod with
cap marked "HUGO REED & ASSOC" found at a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the left, said curve having
a radius of 1575.00 feet, a central angle of 30°31'25", a chord bearing of S. 13°55'42" E., a chord distance
of 829.17 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" set for a point of tangency;
THENCE S. 29°11'25" E., continuing along said right-of-way line a distance of 179.80 feet to a 1/2" iron rod
with cap marked "HUGO REED & ASSOC" set for a point of curvature;
THENCE Southeasterly, continuing along said right-of-way line, along a curve to the right, said curve having
a radius of 1425.00 feet, a central angle of 30°57'31", a chord bearing of S. 13°42'39" E., a chord distance
of 760.64 feet to a 1/2" iron rod found at a point of tangency;
THENCE S. 01°46'06" W., continuing along said right-of-way line a distance of 336.59 feet to a 1/2" iron rod
with cap marked "HUGO REED & ASSOC" set in the North line of a 20-foot alley dedicated by plat of Lots
535-707, North Pointe Addition to the City of Lubbock as recorded in CCFN 2006045605, OPRLCT;
THENCE N. 88°08'27" W., along the North line of said alley a distance of 228.93 feet to a 1/2" iron rod with
cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 43°08'27" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°08'27" W., continuing along the North line of said alley a distance of 56.00 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 46°51'33" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°08'27" W., continuing along the North line of said alley a distance of 110.10 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" found at a point of intersection in the West line of said
Section 5 and the East line of said Section 6;
THENCE N. 88°09'58" W., continuing along the North line of said alley a distance of 709.89 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
Northwest Passage PID SAP 21
THENCE N. 43009'58" W., continuing along the North line of said alley a distance of 14.14 feet to a point of
intersection;
THENCE N. 88009'58" W., continuing along the North line of said alley a distance of 52.00 feet to a point of
intersection
THENCE S. 46°50'02" W., continuing along the North line of said alley a distance of 14.14 feet to a 1/2" iron
rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE N. 88°09'58" W., continuing along said alley line a distance of 539.58 feet to a point of intersection
in the West plat limits of said North Pointe Addition and the East plat limits of Lots 191-290 and Tracts C
and D, Lynnwood Addition to the City of Lubbock as recorded in Volume 9847, Page 139, OPRLCT;
THENCE N. 01°36'04" E., along the East plat limits of said Lynnwood Addition a distance of
49.77 feet to a 1/2" iron rod with cap marked "HUGO REED & ASSOC" found in the South line of said
153.864-acre tract at the Northeast comer of the plat limits of said Lynnwood Addition;
THENCE N. 88°01'32" W., along the North plat limits of said Lynnwood Addition a distance of
1325.36 feet to a "MAG" nail with shiner (AMD) found at the Northwest comer of said plat limits, at the
Southwest comer of said 160.139-acre tract and the Southeast comer of said 153.864-acre tract;
THENCE N. 88005'46" W., along the South line of said 153.864-acre tract, at 1320.00 feet pass a 1/2" iron
rod found, continuing at 2130.37 feet pass the Northeast comer of Tract "A", Broadview Baptist Church
Addition as recorded in Volume 1685, Page 894, OPRLCT, continuing along the North line of said Tract "A"
for a total distance of 2579.92 feet to a 1/2" iron rod found in the East right-of-way line of Frankford Avenue
(FM 2528) at the Southwest comer of said 153.864-acre tract and the Southwest comer of this tract;
THENCE N. 01"56'10" E., along said East right-of-way line and the West line of said 153.864- acre tract
a distance of 2573.17 feet to a 1/2" iron rod found in the South right-of-way line of Ursuline Street as
described in CCFN 2011027661, OPRLCT, at the Northwest comer of this tract;
THENCE S. 88014'14" E., along the South right-of-way line of said Ursuline Street, at 2285.20 feet pass the
West line of that tract described in Volume 10263, Page 222, at 2580.37 feet pass the East line of same
tract and the West line of said 160.319-acre tract, continuing for a total distance of 4671.95 feet to a 1/2"
iron rod with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 85°22'29" E., continuing along said right-of-way line a distance of 200.25 feet to a 1/2" iron rod
with cap marked "HUGO REED & ASSOC" set for a point of intersection;
THENCE S. 88*14' 14" E., continuing along said right-of-way line a distance of 208.00 feet to the Point of
Beginning.
A-7
Northwest Passage PID SAP 22
SAVE & EXCEPT: Any portion of Tract 3 located in Section 5, Block JS, Lubbock County, Texas, Abstract 346,
described in Volume 10016, Page 135, OPRLCT that is also currently located in the North Pointe PID.
Bearings relative to the Texas Coordinate System of 1983 (2011) Epoch 2010.0, North-Central Zone.
Distances and areas are surface, U.S. Survey Feet.
Tract 4 (Small strip adjoining Southwest Quadrant):
All of the portion of Tract 5 described in the Deed to Petitioner filed in CCFN 2021019386, OPRLCT not
currently located in the North Point PID (for further clarification, this tract is generally described as a strip
located north of, and adjacent to, the alley north of Marshall Avenue, adjacent to Tract 3 described above.)
Northwest Passage PID SAP 23
EXHIBIT B — BOUNDARY MAP
Northwest Passage Public Improvement District
If
W M202,
Proposed PID Boundary ........�...d„�.<� .....d......�.....e
Parcels
— �` Lot -Block Lines a s,rLub8o�k
Northwest Passage PID SAP 24
EXHIBIT C-AUTHORIZED IMPROVEMENTS
ublic Improvements
Drainage (Includes Soft Costs,
Contingency and Project Management
District Formation and Bond Issuance Costs
Debt Service Reserve Fund
Capitalized Interest
Underwriter Discount
Cost of Issuance
40,825,434
40,825,434
200,000
200,000
250,000
250,000
450,000
450,000
41,275,434
25.28% 10,435,000
Footnotes:
[a] Costs allocated based on estimated buildout value, see Exhibit M for calculation of allocation percentages
These are estimates only They will change.
Northwest Passage PID SAP 25
EXHIBIT D - SERVICE PLAN - FIVE YEAR PLAN
Northwest Passage PID
Fiscal Year FY 2023-2
FY 2024-25 FY 2025-26 FY 2026-27
FY 2027-28
FY 2028-29
FY 2029-30
Annual Installments Due 1/31/2024
1/31/2025 1/31/2026 1/31/2027
1/31/2028
1/31/2029
1/31/1930
Principal
-
-
-
-
365,000
380,000
390,000
Interest
-
-
-
-
368,965
355,966
342,507
Total Debt Service
-
-
733,965
735,966
732,507
Annual Collection Costs
20,000
50,000
51,000
52,020
53,060
54,122
55,204
Additional Reserve
(16,920)
(33,657)
102,244
275,37S
(153,894)
109,638
393,26S
Total Annual Installment
3,0801
26,343
153,244
327,395
633,131
899,726
1,180,976
Future years are estimates only.
Northwest Passage PID SAP 26
EXHIBIT E - SERVICE PLAN - SOURCES AND USES
SOURCES
Bond Par(b)
Premium
Owner Contribution (a)
TOTAL SOURCES
IMPROVEMENT
Improvement Project
Costs of Issuance
Underwriters Discount
Capitalized Interest
Reserve Fund
TOTAL USES
(a) Non -reimbursable to Owner
$ 10,435,000
30,840,434
$ 41,275,434
$ 40,825,434
250,000
200,000
$ 41,275,434
(b) The Owner is only entitled to reimbursement for the Actual Costs of
the Authorized Improvements in an amount equal to $10,435,000
The above are estimates only.
Northwest Passage SAP 27
EXHIBIT F -ASSESSMENT ROLL
Northwest Passage SAP 28
EXHIBIT F - ASSESSMENT ROLL
Tax Ref ID
No.
R342383
Taxable Value
427
Percent
0.0%
Principal
$
Interest
Annual
Collection Cost
1.32
Additional
Interest
2024 Annual
Installment
1.32
R343734
18,119
0.2%
-
27.18
27.18
R343735
6,702,457
61.5%
10,053.69
10,053.69
R347099
11,593
0.1%
17.39
17.39
R347100
84,314
0.8%
126.47
126.47
R347102
82,800
0.8%
124.20
124.20
R347103
110,832
1.0%
166.25
-
166.25
R350180
38,382
0.4%
57.57
-
57.57
R350181
39,009
0.4%
58.51
-
58.51
R350182
39,014
0.4%
58.52
-
58.52
R350183
39,019
0.4%
58.53
-
58.53
R350184
39,024
0.4%
58.54
-
58.54
R350185
39,029
0.4%
58.54
-
58.54
R350186
39,033
0.4%
-
58.55
-
58.55
R350187
37,622
0.3%
56.43
-
56.43
R350188
39,308
0.4%
58.96
-
58.96
R350189
40,748
0.4%
61.12
-
61.12
R350190
40,748
0.4%
61.12
-
61.12
R350191
40,748
0.4%
61.12
-
61.12
R350192
40,748
0.4%
61.12
-
61.12
R350193
40,748
0.4%
61.12
-
61.12
R350194
39,666
0.4%
59.50
-
59.50
R350195
40,307
0.4%
60.46
60.46
R350196
40,361
0.4%
60.54
-
60.54
R350197
39,666
0.4%
59.50
-
59.50
R350198
40,748
0.4%
61.12
-
61.12
R350199
40,748
0.4%
61.12
-
61.12
R350200
40,748
0.4%
61.12
-
61.12
R350201
40,748
0.4%
61.12
-
61.12
R350202
40,748
0.4%
61.12
-
61.12
R350203
39,303
0.4%
58.95
-
58.95
R350204
39,303
0.4%
58.95
-
58.95
R350205
40,748
0.4%
61.12
-
61.12
R350206
40,748
0.4%
61.12
-
61.12
R350207
40,748
0.4%
61.12
-
61.12
R350208
40,748
0.4%
61.12
-
61.12
R350209
40,748
0.4%
61.12
-
61.12
R350210
40,748
0.4%
61.12
-
61.12
R350211
40,263
0.4%
60.39
-
60.39
R350212
40,307
0.4%
60.46
-
60.46
R350213
40,748
0.4%
61.12
-
61.12
R350214
40,748
0.4%
61.12
-
61.12
R350215
40,748
0.4%
61.12
-
61.12
R350216
40,748
0.4%
61.12
-
61.12
R350217
40,748
0.4%
61.12
-
61.12
R350218
1 40,748
0.4%
61.12
61.12
Northwest Passage SAP 28-1
Tax Ref ID
No.
R350219
Taxable Value
39,303
Percent
0.4%
Principal
Interest
Annual
Collection Cost
58.95
Additional
Interest
2024
Installment
58.95
R350220
39,249
0.4%
58.87
58.87
R350221
40,748
0.4%
61.12
61.12
R350222
40,748
0.4%
61.12
61.12
R350223
40,748
0.4%
61.12
61.12
R350224
40,748
0.4%
-
61.12
61.12
R350225
40,748
0.4%
-
61.12
61.12
R350226
39,690
0.4%
-
S9.54
59.54
R350227
54,341
0.S%
-
81.51
81.51
R350228
49,823
0.5%
-
74.73
74.73
R350229
38,808
0.4%
-
58.21
58.21
R350230
38,808
0.4%
-
58.21
58.21
R350231
38,808
0.4%
-
58.21
58.21
R350232
38,808
0.4%
-
58.21
58.21
R350233
38,808
0.4%
58.21
58.21
R350234
38,808
0.4%
58.21
58.21
R350235
38,000
0.3%
57.00
57.00
R350236
38,000
0.3%
57.00
57.00
R350237
38,000
0.3%
57.00
57.00
R350238
53,123
0.5%
79.68
79.68
R3S0239
36,113
0.3%
54.17
54.17
R3S0240
37,730
0.3%
56.60
56.60
R350241
37,730
0.3%
56.60
-
56.60
R350242
37,730
0.3%
S6.60
-
56.60
R350243
37,730
0.3%
56.60
-
56.60
R350244
37,730
0.3%
56.60
-
56.60
R350245
37,730
0.3%
56.60
-
56.60
R350246
37,730
0.3%
56.60
-
56.60
R350247
37,730
0.3%
56.60
-
56.60
R350248
37,730
0.3%
S6.60
-
56.60
R350249
42,650
0.4%
63.98
-
63.98
R350250
38,127
0.3%
57.19
-
57.19
R350251
38,808
0.4%
58.21
-
58.21
R350252
38,808
0.4%
58.21
-
58.21
R350253
38,808
0.4%
58.21
-
58.21
R350254
38,808
0.4%
58.21
-
58.21
R350255
38,808
0.4%
58.21
-
58.21
R350256
38,808
0.4%
58.21
-
58.21
R350257
38,808
0.4%
58.21
-
58.21
R350258
38,808
0.4%
58.21
-
58.21
R350259
39,004
0.4%
58.51
-
58.51
R350260
38,029
0.3%
-
57.04
-
57.04
R350261
38,808
0.4%
-
58.21
-
58.21
R350262
38,808
0.4%
-
58.21
-
58.21
R350263
38,808
0.4%
-
58.21
-
58.21
R350264
38,808
0.4%
-
58.21
-
58.21
R350265
38,808
0.490
-
-
58.21
-
58.21
R350266
38,808
0.4%
58.21
-
58.21
R350267
38,808
0.4%
58.21
-
58.21
Northwest Passage SAP 28-2
Ref I D
R350268
TaxableTax
Value
38,808
Percent
0.4%
Principal
Interest
Annual
Collection Cost
58.21
Additional
Interest
-
2024 Annual
Installment
58.21
R350269
38,205
0.4`Y.
57.31
57.31
R351709
-
0.0%
-
-
-
-
R351710
-
0.0%
-
-
-
-
R351777
11,044
0.1%
-
16.57
-
16.57
R351965
18,020
0.2%
-
27.03
-
27.03
R63099
67,482
0.6%
-
101.22
-
101.22
R63214
111,642
1.0%
-
167.46
-
167.46
R66307
50,516
0.59.
75.77
-
75.77
R82421
3,903
0.0%
5.85
5.85
R82485
38,085
0.3%
57.13
57.13
10,895,049 100.0% $ - 16,343 16,343
Northwest Passage SAP 28-3
EXHIBIT G - ANNUAL INSTALLMENTS
2022
-
993
286
1,279
2023
-
20,000
(16,920)
3,080
2024
-
50,000
(33,657)
16,343
2025
-
51,000
102,244
153,244
2026
-
-
52,020
275,375
327,395
2027
365,000.00
368,964.54
53,060
(153,894)
633,131
2028
380,000.00
355,965.53
54,122
109,638
899,725
2029
390,000.00
342,506.89
55,204
393,263
1,180,974
2030
410,000.00
328,572.38
56,308
523,543
1,318,424
2031
420,000.00
314,145.17
57,434
650,627
1,442,206
2032
435,000.00
299,207.83
58,583
707,285
1,500,076
2033
455,000.00
283,742.34
59,755
765,632
1,564,129
2034
470,000.00
267,730.01
60,950
783,759
1,582,439
2035
485,000.00
251,151.51
62,169
841,288
1,639,608
2036
505,000.00
233,986.82
63,412
896,583
1,698,982
2037
520,000.00
216,215.22
64,680
959,644
1,760,540
2038
540,000.00
197,815.24
65,974
331,837
1,135,626
2039
560,000.00
178,764.67
67,293
260,345
1,066,403
2040
580,000.00
159,040.50
68,639
289,527
1,097,207
2041
600,000.00
138,618.92
70,012
421,041
1,229,672
2042
620,000.00
117,475.26
71,412
92,734
901,622
2043
640,000.00
95,584.00
72,841
109,602
918,027
2044
665,000.00
72,918.70
74,297
122,841
935,057
2045
685,000.00
49,451.99
75,783
142,407
952,642
2046
710,000.00
25,155.54
77,299
24,417
836,871
2047
2048
2049
10,435,000 4,297,013 1,463,241 8,599,446 24,794,701
[a] Interest is calculated at the rate of the Bonds.
[bl Annual Collection Costs estimated to escalate 2.00% annually.
Note: The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual
Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts
shown.
NORTHWEST PASSAGE PID SAP 29
EXHIBIT H - MAXIMUM ASSESSMENT PER LOT TYPE
NORTHWEST PASSAGE SAP 30
EXHIBIT I - ALLOCATION OF PUBLIC IMPROVEMENT COSTS
Residential
4,400
293,866.82 1,293,014,001
100.09/0 $
3,348.18
$ 14,732,013.06
Tract 1
9
2,586,028
0.2%
1,473.20
29,464.03
Tract 2
334
98,269,064
7.6%
55,981.65
1,119,632.99
Tract 3
22
6,465,070
0.5%
3,683.00
73,660.07
Tract4
955
280,584,038
21.7%
159,842.34
3,196,846.83
Tract 5
1,043
306,444,318
23.7%
174,574.35
3,491,487.10
Tract 6
708
208,17S,254
16.1%
118,592.71
2,371,854.10
Tract 7
57
16,809,182
1.3%
9,575.81
191,516.17
Tract 8
634
186,194,016
14.4%
106,070.49
2,121,409.88
Tract 9
128
37,497,406
2.9%
21,361.42
427,228.38
Tract 10
207
60,771,658
4.7%
34,620.23
692,404.61
Tract 11
132
38,790,420
3.0%
22,098.02
441,960.39
Tract 12
123
36,204,392
2.8%
20,624.82
412,496.37
Tract 13
48
14, 223,154
1.1916
8,102.61
162,052.14
4,400
293,867 1,293,014,001
` Assessment is $0.15 per $100valuation so each lot will have a different assessment based on value. The assessment rate could
be lower in later years.
This is a projection and can change each year when the Service and Assessment Plan is updated. The total estimated assessment
is based on 20 years and an average amount for each lot. The actual will be different.
NORTHWEST PASSAGE SAP 31
EXHIBIT J - BOND DEBT SERVICE SCHEDULE
CITY OF LUBBOCK, TEXAS
DEBT SERVICE SCHEDULE
20 YFAR SCHED[,'LE
TAX & WW SYSTEM SURPLUS REV CO BDS, Series 2027
Dated Date: TBD
$10,435,000.00
NORTHWEST PASSAGE PID
FISCAL
TOTAL
YEAR
PRINCIPAL
INTEREST
REQUIREMENTS
2027-28
365,000.00
368,964.54
733,964.54
2028-29
380,000.00
355,965.53
735,965.53
2029-30
390.000.00
342,506.89
732,506.89
2030-31
410,000.00
328,572.38
738,572.38
2031-32
420,000.00
314,145.17
734,145.17
2032-33
435,000.00
299,207.83
734,207.83
2033-34
455,000.00
283,742.34
738,742.34
2034-35
470,000.00
267,730.01
737,730.01
2035-36
485,000.00
251,151.51
736,151.51
2036-37
505,000.00
233,986.82
738,986.82
2037-38
520.000.00
216,215.22
736,215.22
2038-39
540,000.00
197,815.24
737,815.24
203940
560,000.00
178,764.67
738,764.67
2040-41
580,000.00
159,040.50
739,040.50
204142
600,000.00
138,618.92
738,618.92
2042-43
620,000.00
117,475.26
737,475.26
2043-44
640,000.00
95,584.00
735,584.00
2044-45
665,000.00
72,918.70
737,918.70
204546
685,000.00
49,451.99
734,451.99
2046-47
710,000.00
25,155.54
735,155.54
$ 10,435,000.00 $
4,297,013.06
$ 14,732,013.06
This is an estimated debt schedule only. It will change once debt has been issued.
NORTHWEST PASSAGE SAP 32
EXHIBIT K - PARCEL UPDATES
R347522
Platted into lots/Easements/ROW 29.193
-29.193
R350180
Split from
R347522, Tract 9, 2024
38,382
0.179821
R350181
Split from
R347522, Tract 9, 2024
39,009
0.182759
R350182
Split from
R347522, Tract 9, 2024
39,014
0.182782
R350183
Split from
R347522, Tract 9, 2024
39,019
0.182805
R350184
Split from
R347522, Tract 9, 2024
39,024
0.182828
R350185
Split from
R347522, Tract 9, 2024
39,029
0.182851
R350186
Split from
R347522, Tract 9, 2024
39,033
0.182874
R350187
Split from
R347522, Tract 9, 2024
37,622
0.176263
R350188
Split from
R347522, Tract 9, 2024
39,308
0.18416
R350189
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350190
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350191
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350192
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350193
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350194
Split from
R347522, Tract 9, 2024
39,666
0.185836
R350195
Split from
R347522, Tract 9, 2024
40,307
0.188843
R350196
Split from
R347522, Tract 9, 2024
40,361
0.189096
R350197
Split from
R347522, Tract 9, 2024
39,666
0.185836
R350198
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350199
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350200
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350201
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350202
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350203
Split from
R347522, Tract 9, 2024
39,303
0.184137
R350204
Split from
R347522, Tract 9, 2024
39,303
0.184137
R350205
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350206
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350207
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350208
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350209
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350210
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350211
Split from
R347522, Tract 9, 2024
40,263
0.188636
R350212
Split from
R347522, Tract 9, 2024
40,307
0.188843
R350213
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350214
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350215
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350216
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350217
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350218
Split from
R347522, Tract 9, 2024
40,748
0.190909
R350219
Split from
R347522, Tract 9, 2024
39,303
0.184137
R350220
Split from
R347522, Tract 9, 2024
39,249
0.183884
EXHIBIT K - PARCEL UPDATES
024 Taxable
Property
R350221
Split from R347522, Tract 9, 2024
40,748
0.190909
R350222
Split from R347522, Tract 9, 2024
40,748
0.190909
R350223
Split from R347522, Tract 9, 2024
40,748
0.190909
R350224
Split from R347522, Tract 9, 2024
40,748
0.190909
R350225
Split from R347522, Tract 9, 2024
40,748
0.190909
R350226
Split from R347522, Tract 9, 2024
39,690
0.18595
R350227
Split from R347522, Tract 9, 2024
54,341
0.254591
R350228
Split from R347522, Tract 9, 2024
49,823
0.233425
R350229
Split from R347522, Tract 9, 2024
38,808
0.181818
R350230
Split from R347522, Tract 9, 2024
38,808
0.181818
R350231
Split from R347522, Tract 9, 2024
38,808
0.181818
R350232
Split from R347522, Tract 9, 2024
38,808
0.181818
R350233
Split from R347522, Tract 9, 2024
38,808
0.181818
R350234
Split from R347522, Tract 9, 2024
38,808
0.181818
R350235
Split from R347522, Tract 9, 2024
38,000
0.17803
R350236
Split from R347522, Tract 9, 2024
38,000
0.17803
R350237
Split from R347522, Tract 9, 2024
38,000
0.17803
R350238
Split from R347522, Tract 9, 2024
53,123
0.174219
R350239
Split from R347522, Tract 9, 2024
36,113
0.169192
R350240
Split from R347522, Tract 9, 2024
37,730
0.176768
R350241
Split from R347522, Tract 9, 2024
37,730
0.176768
R350242
Split from R347522, Tract 9, 2024
37,730
0.176768
R350243
Split from R347522, Tract 9, 2024
37,730
0.176768
R350244
Split from R347522, Tract 9, 2024
37,730
0.176768
R350245
Split from R347522, Tract 9, 2024
37,730
0.176768
R350246
Split from R347522, Tract 9, 2024
37,730
0.176768
R350247
Split from R347522, Tract 9, 2024
37,730
0.176768
R350248
Split from R347522, Tract 9, 2024
37,730
0.176768
R350249
Split from R347522, Tract 9, 2024
42,650
0.199816
R350250
Split from R347522, Tract 9, 2024
38,127
0.178627
R350251
Split from R347522, Tract 9, 2024
38,808
0.181818
R350252
Split from R347522, Tract 9, 2024
38,808
0.181818
R350253
Split from R347522, Tract 9, 2024
38,808
0.181818
R350254
Split from R347522, Tract 9, 2024
38,808
0.181818
R350255
Split from R347522, Tract 9, 2024
38,808
0.181818
R350256
Split from R347522, Tract 9, 2024
38,808
0.181818
R350257
Split from R347522, Tract 9, 2024
38,808
0.181818
R350258
Split from R347522, Tract 9, 2024
38,808
0.181818
R350259
Split from R347522, Tract 9, 2024
39,004
0.182736
R350260
Split from R347522, Tract 9, 2024
38,029
0.178168
R350261
Split from R347522, Tract 9, 2024
38,808
0.181818
R350262
Split from R347522, Tract 9, 2024
38,808
0.181818
EXHIBIT K - PARCEL UPDATES
024 Taxable
PropertyR350263
Split from R347522, Tract 9, 2024
38,808
0.181818
R350264
Split from R347522, Tract 9, 2024
38,808
0.181818
R350265
Split from R347522, Tract 9, 2024
38,808
0.181818
R350266
Split from R347522, Tract 9, 2024
38,808
0.181818
R350267
Split from R347522, Tract 9, 2024
38,808
0.181818
R350268
Split from R347522, Tract 9, 2024
38,808
0.181818
R350269
Split from R347522, Tract 9, 2024
38,205
0.178994
Easements/ROW - Split from
R347522, Tract 9, 2024
12.477213
R82485
143.08
-14.8463
R351777
Split from R82485, Tract 8, 2024
278,906
13.9453
R351778
Split from R82485, Tract 8, 2024
18,020
0.901
Northwest Passage Public Improvement District
Public Hearing for the Review of the Assessment Rate
August 27, 2024 1 2:00 P.M.
Citizens Tower Council Chamber 11314 Avenue K, Lubbock, TX 79401
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 Northwest Passage 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 91h 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) the
design, construction and maintenance of parks and greens, together with any ancillary structures, features or amenities
such as playgrounds, athletic facilities, pavilions, community facilities, bridges, walkways, lighting, benches, trash
receptacles and similar items located therein along with all necessary grading, drainage, and similar infrastructure
involved in the construction of such parks and greens; landscaping, hardscaping and irrigation; the design,
construction and maintenance of water features such as lakes, ponds and fountains; distinctive lighting and signs;
construction and improvement of pedestrian malls, passages or pathways including pedestrian bridges; design,
construction and improvement of vehicular bridges and low water crossings; design, construction and improvement
of community meeting halls or similar buildings; design, construction and improvement of community monuments,
towers, and other amenity -type structures; acquisition and installation of art work; design, acquisition, installation,
and improvement of telecommunication and similar technology systems; and special supplemental services defined
in the Act, together with related permits and licenses; and (ii) payment of costs associated with developing and
financing the public improvements listed in subdivision, including costs of establishing, administering and operating
the District; and (iii) the District shall prioritize its expenditures as follows: (a) design, construction, maintenance,
and financing for drainage improvements; then (b) design, construction, maintenance, and financing for park
improvements; then (c) selection, acquisition, and maintenance for public art; then (d) all other allowable
improvements and related expenditures. 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 $2,029,839 over the next five years. The estimated annual cost rises from $16,343 in FY 2024-25 to
$899,726 in FY 2028-29. The costs are based on a proposed assessment rate of $0.15 per $100.00 of valuation
through tax year 2028.
Boundaries: The District is located wholly within the City of Lubbock, Texas. The Northwest Passage Public
Improvement District (PID) generally covers a portion of an area in the City of Lubbock, Lubbock County, Texas,
generally bounded by Frankford Avenue on the west, Quaker Avenue on the east, Kent Avenue and Highway 84 on
the north, and Marshall Avenue on the south. 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.
FILED AND RECORDED
OFFICIAL
PUBLIC RECORDS
V y'I*
Kelly Pinion County Clerk
Lubbock Coun�y TEXAS
09/12/2024 11:62 AM
FEE: g317.00
2024036986