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HomeMy WebLinkAboutResolution - 6230 - Agreement - Diamond Plastics Corporation - Gifford Hill Addition - 03/11/1999Resolution No. 6230 Item No. 32 March 11, 1999 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock an Agreement and all related documents by and between the City of Lubbock and Diamond Plastics Corporation, attached hereto and which shall be spread upon the minutes of the council and as spread upon the minutes of this Council shall constitute and be a part of this Resolution as if fully copied herein in detail. Passed by the City Council this 11th day of March 1999. r1py N,- � �V4 4 R, -gla M—% ! I= .1 � � ATTEST: I1 11 1 , lk- ta-,- 4M Kayt i Darnell, City Secretary APPROVERAS TO CONTENT: i Kevin G. Wa ker, Business Liaison Officer APPROVED AS TO FORM: Anita Burgess, City Attorney ccdoes/diamondpl astics.res February 16, 1999 AGREEMENT STATE OF TEXAS § COUNTY OF LUBBOCK § Resolution No. 6230 Item No. 32 March 11, 1999 This Agreement made this nth day of March , 1999, by and between the City of Lubbock, Texas, a home rule municipality of the State of Texas (hereinafter called "City") and Diamond Plastics Corporation (hereinafter called "Company"); WITNESSETH: WHEREAS, City did receive from Company on the 29th day of Janua , 1999, an application for tax abatement for an expansion and modernization of the existing facility Located at 2323 Marshall Street, which is further described as Gifford Hill Lot 2-F of the City of Lubbock, Lubbock County, Texas. WHEREAS, upon review of the above application it was determined that the facilities will be located in the North Enterprise Zone designated by the City in Ordinance No. 9591 covering the above described property; and WHEREAS, the Guidelines and Criteria Governing Tax Abatement For Selected Taxing Units Within Lubbock County was heretofore adopted by Resolution No. 5681 of the City Council of the City of Lubbock; and WHEREAS, the City did comply with all the requirements set forth in V.T.C.A., Tax Code, Section 312.201; and WHEREAS, the City did comply with all of the criteria and guidelines as set forth in the Guidelines and Criteria Governing Tax Abatement for Selected Taxing Units Contained Within Lubbock County, said guidelines having been adopted by Resolution No. 5681 of the City on October 9, 1997, and WHEREAS, the City did pass Ordinance No. 9591 creating an enterprise zone for commercial and industrial tax abatement, said zone including Gifford Hill Lot 2-F of the City of Lubbock, Lubbock County, Texas. WHEREAS, V.A.T.C., Tax Code, Sec. 312.2011 provides that designation as an enterprise zone constitutes designation as a reinvestment zone without further action; and AGREEMENT - DIAMOND PLASTICS CORPORATION PAGE 1 WHEREAS, the application received by City from Company is an application for an expansion and modernization of an existing facility; and WHEREAS, V.A.T.C., Tax Code, Sec. 312.002 specifically states that such a purpose is to be included in the guidelines for tax abatement and to be eligible for such treatment; and WHEREAS, Section IV of the Guidelines and Criteria governing Tax Abatement for selected taxing units contained within Lubbock County adopted by the City Council by Resolution No. 5681 does recognize modernization and expansion of an existing facility as being eligible for tax abatement status; and WHEREAS, the City Council does hereby find that all of the Guidelines and Criteria Governing Tax Abatement, as adopted by Resolution No. 5681, have been met by Company; and WHEREAS, the location of the facility and surrounding real property, which are to be the subject matter of this Agreement, are attached hereto as Exhibit "A" and made a part of this Agreement for all purposes; and NOW THEREFORE, for and in consideration of the premises and of the mutual terms, covenants and conditions herein contained the City and Company do hereby agree as follows: SECTION 1. Term. This Agreement shall remain in farce and effect for a period of five (5) years from the date of its execution and shall expire and be of no further force and effect after said date. SECTION 2. Base Year. The base year applicable to real property, which is the subject of this Agreement, shall be 1999, and the assessed value of the real property shall be the assessed value applicable to such property for said year. SECTION 3. Base Year Taxes. The taxes upon the real property shall be paid in accordance with the assessed value of such property for the base year. Base year taxes upon the real property are thus not abated. SECTION 4. Abatement of Increase in Base Year Tax. In accordance with V.A.T.C., Tax Code, Section 312.204 real property taxes applicable to the real property subject to this Agreement shall be abated only to the extent said value for any given year within the term of this Agreement exceeds the base year taxes hereinabove set forth. SECTION 5. Propegy Ineligible for Tax Abatement. The property described and set forth in Section IV(8) of the Guidelines and Criteria Governing Tax Abatement for selected taxing units contained within Lubbock County and heretofore adopted by the AGREEMENT - DIAMOND PLASTICS CORPORATION PAGE 2 City Council by Resolution No. 5681 is incorporated by reference herein as if fully set out in this Agreement and fully describes the property ineligible for tax abatement. SECTION 6. Exemption from Tax. The City covenants and agrees to exempt from taxation, in accordance with Section 4 above, the following properties: (a) All proposed new improvements to be placed upon Gifford Hill Lot 2-F of the City of Lubbock, Lubbock County, Texas (b) All eligible tangible personal property placed in or upon the property set forth in Exhibit "A", which does not include any equipment and personal property owned by Company and already located in the existing facility. (c) It is further understood that all items affixed to the new improvements placed upon the real property identified in Exhibit "A" including machinery and equipment shall be considered part of the real property improvement and taxes thereon shall be abated in accordance with the provisions of subparagraph (a) above set forth. SECTION 7. Economic Qualification. It is hereby found by the City that Company will expend fiends in excess of the funds necessary to qualify for tax abatement by expanding and modernizing the existing facility, all as set forth in Section IV(3)(d) of the Guidelines and Criteria for Tax Abatement adopted by the City through Resolution No. 5681. SECTION 8. Value of Improvements. Company intends to expend approximately eighty thousand dollars ($80,000) dollars in expanding the facility and two million one hundred fifty four thousand ($2,154,000) dollars in machinery and equipment, to be located within the enterprise zone created by Ordinance No. 9591. SECTION 9. Job Creation. Company agrees to create and retain five (5) new permanent full-time jobs within the Company plant located at 2323 Marshall Street, which is further described as Gifford Hill Lot 2-F of the City of Lubbock, Lubbock County, Texas. SECTION 10. City Access to Property. Company covenants and agrees that City shall have access to the property, which is the subject matter of this Agreement, upon reasonable notice and during normal business hours, and that municipal employees shall be able to inspect the property to insure that the improvements are being made in accordance with the terms and conditions of Company's application for tax abatement, attached as Exhibit "A", and this Agreement. AGREEMENT— DIAMOND PLASTICS CORPORATION PAGE 3 SECTION 11. Portion of Tax Abated. City agrees, during the term of this Agreement, to abate taxes on eligible property according to the following schedule. Year 1: 50% Year 2: 40% Year 3: 30% Year 4: 20% Year 5: 10% SECTION 12. Commencement Date. This Agreement shall commence upon the date of its execution, which date is hereinafter set forth, and shall expire five (5) years after such date. SECTION 13. Type of Improvements. The Company proposes an expansion and modernization as described in Exhibit "A". The Company further states that the proposed improvements to the property above mentioned shall commence on the 1st day of February, 1999, and shall be completed within approximately 120 days from said date. The Company may request an extension of the above date from City in the event circumstances beyond the control of Company necessitates additional time for completion of such improvements and such consent shall not unreasonably be withheld. SECTION 14. Drawings of Improvements. Company shall furnish City with one set of as built plans and drawings of the improvements to be made pursuant to the terms of this Agreement. SECTION 15. Limitation on Use. Company agrees to limit the use of the property set forth in Exhibit "A" to commercial and/or industrial uses as those terms are defined in the zoning ordinances of the City of Lubbock and to limit the uses of the property to uses consistent with the general purpose of encouraging development of the enterprise zone during the term of this agreement. SECTION 16. Recapture. The Company agrees to be bound by and comply with all the terms and provisions for recapture of abated taxes in the event of default by Company pursuant to law and as set forth in Guidelines and Criteria for Tax Abatement adopted by Resolution No. 5681 of the City Council of the City of Lubbock. SECTION 17. Certification. The Company agrees to certify annually to the governing body of each taxing unit that the owner is in compliance with the terms of the Agreement. SECTION 18. Com 1p iance. The City may cancel or modify this Agreement if the Company fails to comply with the Agreement. AGREEMENT- DIAMOND PLASTICS CORPORATION PAGE 4 SECTION 19. Notices. Notices required to be given by this Agreement shall be mailed, certified mail return receipt requested, to the following addresses: CITY OF LUBBOCK DIAMOND PLASTICS CORPORATION City Manager Alan Brisnehan P.O. Box 2000 P.O. Box 1608 Lubbock, Texas 79457 Grand Island, NE 68802 SECTION 20. Effective Date. Notwithstanding anything contained herein to the contrary, this Agreement shall not be effective until such time as it has been finally passed and approved. EXECUTED this J— day of , 199 DIAMOND PLASTICS CORPORATION CITY OF LUBBOCK A Mumicipal Corporat' ALAN BRISNEHAN WINDY SITT VP FINANCE AND ADMINISTRATION MAYOR TEST: A EST: r Secretary Ka' yt ' City rt :"ie ONTENT: Kevin G. Walker Business Liaison Officer APP OVED AS O 1~ORM: wl C d Anita Burgess City Attorney CB: February 16, 1999 AGREEMENT — DIAMOND PLASTICS CORPORATION PAGE 5 EXHIBIT "A" APPLICATION FOR INDUSTRIAL TAX ABATEMENT IN LUBBOCK COUNTY FILING INSTRUCTIONS: R - This application should be filed at least NINETY (90) DAYS prior to the anticipated commencement of construction of improvements or the installation of equipment. This application must be submitted to the appropriate taxing jurisdiction before any construction begins to be eligible for tax abatement. This filing acknowledges familiarity and assumed conformance with "GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT FOR SELECTED TAXING UNITS CONTAINED WITHIN LUBBOCK COUNTY" (Copy attached). This application will become a part of any later agreement or contract, and knowingly false representations thereon will be grounds for the voiding of any later agreement or contract. ORIGINAL COPY OF THIS APPLICATION AND ATTACHMENTS SHOULD BE SUBMITTED TO: City of Lubbock Business Development Department P.O. Box 2000 1625 13" Street Lubbock, TX 79457 (806) 775-2980 Section I - APPLICANT INFORMATION Date of Application: 1 1 28_I 99 Applicant Name: Diamond Plastics Corporation Company Name: Diamond Plastics Corporation Address: P 0 Box 1608 Grand Island, NE 68802 Phone: (308)384-4400 Ext. 127 Fax: (308)384-9345 Applicants Representative on this project: Name: Same as above Address: Phone Alan Brisnehan Type of Ownership: [xI Corporation [ ] Partnership [ ] Proprietorship Total Current Number Employees: _ 362 Corporate Annual Sales Per Year: 136,445,996 Annual Report Submitted? IndApp97.doc [ ] Yes Ix ] No 1* + 1 .6 7 y 'A -N 2 r1 4] 90 UNIONS=, Section II - FACILITY INFORMATION Place a check mark in the box on those statements which are applicable to your company : (a) This application is for a: [ ] New Facility [X] Expansion [X] Modernization (b) Is the company a producer or manufacturer of goods and services of which 50 percent or more are distributed outside of Lubbock County or operator of a warehouse or distribution facility that distributes 50 percent of the goods or services outside of Lubbock County? (If yes, provide documentation as Attachment 1) [ ) Yes [ ] No (c) Check the following target industry which is applicable to your company [ ] Manufacturing Facility: Electronics/Electrical/Assembly, Semiconductor Fabrication [ ] Value-added Agricultural Production including Food Processing and Machinery [ ] Med Tech Research/ManufacturingfAssembiy [ ] Aviation/Avionics Production/Rehab [X] Other Basic Industry [ ] The project is not included in the above target industries, but has the potential of generating additional significant economic development opportunities in Lubbock. (Provide documentation) (d) [X] The existing facility to be modernized or expanded or the property where the new facility is to be built is located in a designated Enterprise Zone. (e) [ ] New Company to Lubbock [a Existing Company (f) If New Company checked, which of the following statements apply to the project: [ ] The project will add at least $1 million in real estate assessed valuation [ ] The project will add at least $2 million of personal property assessed valuation [ ] The project will add at least 25 new permanent jobs (g) If Existing Company checked, which of the following statements apply to the project: [ ] The project will add at least $500,000 in real estate assessed valuation ki The project will add at least $1 million of personal property assessed valuation [ ] The project will add at least 20 new permanent jobs (h) Address of proposed facility: 2323 Marshall Street Lubbock TX 79415 (i) Legal description of proposed facility: Gifford Hill L Application for Industrial Tax Abatement in Lubbock County - Page 2 (j) The proposed facility is located in: School District: Lubbock School District City: Lubbock 11 (k) Describe product or service to be provided: Manufacture Closed Profile Pipe II Section III - FACILITY DESCRIPTION 11 Please attach the following: II Attachment 2 II (a) A general description of the improvements to be undertaken (example: modernization of manufacturing facility located at 4501 Peach Street and purchase of new manufacturing equipment). (b) A descriptive list of the improvements for which tax abatement is requested, including: (1) description of construction and location of all proposed improvements of the Real Property or Existing Facility, and; (2) list of new equipment and cost of the equipment. (c) A list of any and all Tangible Personal Property presently existing on the Real Property or located in an existing facility. 11 (d) A proposed time schedule for undertaking and completing the proposed improvements. Attachment 3 (a) A site map indicating the approximate location of improvements on the Real Property Facility or Existing Facility together with the location of any or all Existing Facilities located on the Real Property or Facility. II Attachment 4 (a) A statement of the additional value to the Real Property or Facility as a result of the proposed improvements. (b) A statement of the assessed value of the Real Property, Facility or Existing Facility for the base year (attach tax assessment for property from the Lubbock Central Appraisal District). Application for Industrial Tax Abatement in Lubbock County - Page 3 II Section IV - ECONOMIC IMPACT INFORMATION �1 PartA— Current Investment in Existing Improvements: 512,480 Part B — Permanent Employment Estimates: (1) If existing facility, what is the current plant employment: 69 (2) Estimated number of new jobs to be created and time frame for creation of jobs: New Jobs 5 Time Frame 8199 (3) Estimated number of retained jobs: (4) Opening of improvements: (Month) Part C — Permanent Payroll Estimates: 69 8 of (Year) 19 99 (1) If existing facility, what is the current plant payroll: 1, 390 , 000 (2) Estimated amount of new payroll : 200,000 (3) Estimated amount of retained payroll: 1,390,000 Part D — Construction and Employment Estimates: (1) Construction start: Month 2 Year 19 99 (2) Number of construction jobs: At Start Peak (3) Number of man-years: Part E — School District Impact Estimates: Give Estimated number of: Families transferred to area —0— Children added to ISD's '0' Part F — City Impact Estimates: Finish (1) Volume of treated water required from City 100 gallons per day. (2) Volume of effluent to.be treated by City 10 i gallons per day. (3) Please provide a statement on planned water and sewer treatment methods, and disposal of effluent if the facility is to be located outside City systems. (4) Has permitting been started? Yes No Application for industria: lax Abatement in Lubbock County - Page 4 02/03/99 10:57 FAX 13083849345 DIAMOND PLASTICS Part G — Estimated Appraised Value on Site; LAND PERSONAL. PROPERTY Value of Existing Facility Before New Construction (From Central Appraisal District) 197,501 2,147,890 —0— 2, ]-54,040 Value of New Improvements Estimated Total Value After Improvements 197,501 4,290,680 Part H — Variance; (a) Is a variance being sought under Section IV 9(d) of the "Guidelines"? (b) If "Yes", attach any supplementary information required. IMPROVEMENTS 8{7,450 80,000 947,450 [ ] Yes ()q No Section Vb: OTHER AGREEMENT APPL[CATiQNS" ,< ` (a) Has applicant made application for abatement of this facility by other taxing jurtsdictions or counties? [ ] Yes M No (b) If "Yes", please provide: (1) Dates of Application: (2) Hearing Dates: (3) Name of Jurisdiction(s)= (4) 'Name of Contact(s)- (4) Attach any letters of intent to abate. ppiication Tor inausmai I ax Naaiemem in LunnoCK UOunty - page 5 Section VI - DECLARATION To the best of my knowledge, the above information is an accurate description of project details. Company Official Signature Alan R. Brisnehan Printed Name of Company Official Vice President Finance & Administration Title of Company Official Application for Industrial Tax Abatement in Lubbock County - Page 6 02/03/99 10.56 FAX 13083849345 DIAMOND PLASTICS Corpnratc & Sales office L< Tticphone; (308) 384-4400 DIAMONDQEJ PLASTICS Fax: (308) 384-9345 Februazy 2, 1999 CORPORATION A.TTACHMENT 1 [a 002 12121nhnstnwn Rnad I'o. Box 1009 Grand Island, Nebraska 698U2 This is to confirm that greater than 50% of Diamond Plastics' production capacity of the large profile pipe will be distributed outside of Lubbock County_ This product is produced in Lubbock and marketed across all of the United States, Sincerely, DIAMOND PLASTICS CORPORATION Alan R. Brisnehan Vice President Finance & Administeation as Maeurncrnringl[4 r(a: 1112 Jnhnsm" Xoad 2325 Hmhall swot 7614 Industrial Highway 1000 &lea valley IGmd 41 (10 S. Mks Road Crand Inland. Nabranka 68803 h.hhneX. Tessa PJ41 5 Mimi,, Gno+& 31211A Cndednrin, Nevndn K9114 M"rie. IN 47302 felePhane: 43LMI 2 H"(10 Telephone: (106) 7634021 Telephone:(911) 768.3300 Telephone: 170''1 623.4666 Tdaplrune(765) 267-9231 ATTACHMENT 2 A. We will be adding a grinding building and a new blending operation which will increase the performance of the Lubbock plant, as well as, adding a new line of closed end profile pipe. B. The facility will be added to the south side of Building # 2 in Lot 3 (See notation on map). C. Regrind System $445,000 Blend System $649,000 Extrusion Tooling $ 70,000 Articulator $316,000 Extruder $207,000 Winder $ 39,000 Saw $ 55,000 Puller $ 48,000 Router, Heater & Beller $295,000 Miscellaneous charges for freight and installation $ 30,000 D. This project will start in February, completed in August.. 02/03/99 _10:56 FAX 13083849345 DIAMOND PLASTICS J2103/59 09.48°1.7 ?AGE Asset Assez Asw Acquired Deprec Accumulated CURRENT 7ALUe iD riva er ftsz Llea Date value Dorn 3001 LAND 40 91112101 103524.90 .00 1031524.80 3002 BUILDING & IMPROVEMEINTS 240 821i2/0i 631020.00 507=45.25 123,574.75 3006 EHEJY PULLER 4"-12" 1974 64 82112101 7200.00 7200.00 ,00 3007 EGAN SAW 5"-15" 1877 84 82,+12101 9121.00 9111.00 .00 3008 ASC AIEBELLER V-15 84 62112/D1 9601.00 9601.00 .00 33013 sMEEY POLLE3 411-151 1973 84 82112/01 7200.00 7200.00 OO 3015 ASC AIRBELLER 6"-15" 1982 84 82112j01 9601.00 9601.00 DD 3022 UNITED AIRBELLER 1981 84 82112191 48005.00 48005.00 ,00 3027 EL2Y PULLRR 4"-15" 1970 84 92112101 '1200.00 7200.00 .00 3036 E;LLFR 84 82112101 4801.00 4dU1.00 .00 3039 TOOLING LINE 1 8( 82112101 9601.00 9501.00 .00 3040 TOOLING LIRE 2 84 52112/Di 960i.00 :601.00 .00 3041 TOOLING LINE 3 04 82112/01 9601.00 §501.00 .00 3042 TOOL:NG i.Llfl 4 84 92112/01 9601.00 :501.00 .00 3053 TOOLING LIRE 84 82112101 9601.60 9301.00 .00 3045 CUMBERLAND GRINDER 1972 84 82112/Oi 7201.00 7201.00 .00 3048 RAIbCM URLOADER 84 82112i01 7200.00 1200.00 .00 30i9 COMPOUNDIRFC-UNI SYSTxII 84 62i12101 26804,00 2E804.00 .00 3051 5iL05 20u.ri f4) 64 82112101 71049.00 71049.00 .00 3052 SILO 40R 84 82112101 5280.D0 E280.O0 .00 3054 WATER COOLING SFSTrN 64 62112101 14401.80 14401.80 .00 3655 Q0. TM ;QUI?MINT 94 82!12/01 1920.00 1920.00 .00 3036 HAINTENCE LATHE 84 821121D1 2401.00 '3401.00 .00 3057 EHD HILL a4 821/2101 1441.00 1441.00 OO 3070 ROLL -OFF RACK 84 83!07101 3650.03 ;.650.03 .00 3071 ROLL-OtF iACK 84 83108/01 3650,03 3630.03 ,00 3078 HOBBS FEE -248205 1965 36 82112/01 1441.00 1441,90 .00 3079 HOBBS FEE -246209 36 82112101 l0#.7.00 1440.00 .00 3081 AZTEC 2548 1576 36 82112101 2400.00 24C0.00 .00 3092 AZTEC 1.549 1978 36 82112101 2400.00 L400.00 .00 3087 aISC. OFFICE EQUIP_ 4 FUR, 12C 82/12101 480.00 480.CO .00 3092 CASE TRACTOR 36 84105101 5100.00 5100.00 .00 3093 `_?E3CAT5 TOOJING 6 VIV $4 84/08101 10245.00 1024510 .00 3094 8" 5EWH FOOLING 84 84109101 Si55,40 5155.40 .00 3018 MAITEEi45 HOD 6025 P21H?RR 84 84112101 3096.59 3096.59 .00 3101 NATTHFWS MODEL 6026 ?EIRTER 8.4 95103101 2!11.76 1411.76 .60 3102MAI.tDEi1B NCDEL 6026 ?SINTER a4 85103101 2411.76 2411,16 .00 3103 G. DENVIR SEaus E �_IE COMP3ES 84 85103101 30224.7( 30224.74 .00 3104 CFFICE REMODELING 120 85/033101 7414.58 7414.68 .00 3105 5"-i2" 1004 CORE PINS 60 85104101 9640.00 9640.00 .00 37-06 2K-2 DIE HEAD 60 65104101 9640.00 '!640.00 OO 3107 USED CO'3PLIiiG STATION 84 95/04/01 4=26.47 4426.47 .00 3108 KATT.3M 10 6026 PRIE'liE 84 85106101 2035.70 2035.70 .00 3109 MATTEEWS HOD 6026 P3INTtR 8'_ 95105101 2035.70 +035,70 .00 3110 6" SDR -25 SEW'EE CORE :IN1R-21 9= x5106101 1248.00 1248.00 .00 33112 REMLT PIPs. MANDRELS 84 85/07/01 6576.69 6576.69 .00 3114 PIPE N.ANDREL REBUILTIPHASE 2 84 655109101 5130.84 `.13D.84 _00 3119 GUEST CFAIRS BLUE jZI 120 83109101 406,34 406.34 .00 3!20 SOFA 120 83109101 899.6: 899.61 ,OO 3121 GUEST CHAIRS 2 BLUE 120 63110/Oi 405.96 403,;6 00 IM003 02/03/99.10:,56 FAX 13083849345 DIAMOND PLASTICS Q004 O'ciQ3199 09:48:?7 Asset Asses 3 HaMbc: Desi PAGE 1=55et Acaulr$d Deprse koumulated CURRENT VALUE Life D21E value Dann 3122 EXECUTIVE CHhI& FLOE 120 83111130 422.83 122.83 .00 3123 15" SDR 36 TCOLIXG 84 86106130 13140,62 13140.62 .00 317-1_ CAT 280 MKLIFT S 00502 36 a6146,G1 37564.00 37584.00 .00 3126 -W HACO EZTRUDE2 CORTROLLEE 36 86107101 21640.10 21s4Q.10 .00 3127 YJTRIE 16148 PHONE SYSTEM[ 60 66110101 11490.74 1i,00.74 .OD 3129 12" SDR 21 200 DIE SET 84 87/01101 5734,57 :731_.57 .00 3179 3I-4 DIE EGAD & CART 84 57101101 29950.62 26360.62 .00 3130 Rh -4 4" ii15 DIE SET 6! 87101101 3942.19 ;342.19 .DO 3131 9K-4 4" SWR D1E 5587 a4 87101101 3942.19 :9x2.19 OO 313? Rn -4 6" 7I° 93T 84 871011D1 4205.00 +.205.04 .99 3133 RTI -4 6" M DIE SET 84 3710/101 4205.00 2205,00 .00 3133 18" IPS COUPLINC2 WIREL 64 870510i 10625.00 10525.00 .00 3135 SPR_4i COOLING TM 20: 84 87106!01 4252.68 4252.68 .00 3136 SPRAY COOLM TAN/ 10" 84 87106101 4252.68 .252.68 .00 313"1 SPRAY COOL NC TA -R 20' 81 871066101 4252.68 x252.68 .0O 3139 10" HE 26135 CORE P15 & BUSH 84 87j06101 7809.31 644.37 ,00 3140 12" SDR 26135 OGRE PIN & BUSE 84 87!06/01 7,809.36 7809.35 .00 3141 6" 30 & 1170- CORE P:i-RKI HEAD 8? 87109/01 3718.75 :,718.75 .00 3143 CA51' FORK LIFT 510721 36 82112/01 9601.00 9601.00 .30 3144 RR -4 DIE HE1'.D & C.A 84 88109101 30969.68 30964.68 .40 3145 4" RE -4 D&14 EfiAD TOOLING 34 88109101. 4619.39 :619,"38 OG 3146 IN RK -4 DE18 HAD TOOLING 64 88109/01 1845.62 1845.62 .00 3147 4" RLC -4 DR25 HEAD TOOLING 84 a4109101 403.40 4473.40 .00 3;48 5" RK-? DR14 EEAD T00"13G 8=_ 86109101 4619.38 4619.38 .00 310 6" iK-4 D°16 READ ?OOLING 84 6a1D910I 1845.62 iB45.62 .00 3 15 0 6" RR-? DR25 HEAD TOOLING 84 88109101 44733.40 4473.40 .00 315i 4" C-900 SIZING SLEEVE 84 2810910/ 93a,47 939.47 .00 3152 L' C-900 SIZING SLEEVE 84 88109101 1042.75 1042.75 .00 3i53 3" C-400 SISIRG SLEEVE 84 98 W/oi 1303.44 1303.44 D[ 315? 10" C-900 SIZING SLSERVE 64 88103101 3023.97 3023.47 .0Q 3155 i2" C-900 5iciN0 SLEEVE 84 88109101 3545.35 3545.35 .00 3156 RK -5 DIE HEAD i CAST 84 88/09/01 51199103 51199.03 ,00 3151 CONVERSION R.R-5 TO RR -5A ED 84 88104101 11787.50 11287.10 .00 3198 8" RR -5 DM HEAD TOOLING 84 68109101 13712.15 13712.16 .00 3154 ;" &X-5 DR18 HEAD 'TOOLING 84 88109/01 5505.72 :505.72 .00 3160 B" RK -5 DR25 HEAD TGOL M 84 88109101 11324.27 11324.27 .00 318! 10" RK -5 DRIP HEAD TOOL M 84 881i09101 13797.77 15797.77 100 3162 10" RK -5 DRIB HEAD 10CLING 84 88109101 6319.07 -314.07 .00 3163 1D" RK -5 DR25 MD TOOLUG 34 88109101 13409.77 13409.77 .00 3164 12" 3n-3 Dal! READ TOOLING 84 88;09101 16623.52 13623.52 .00 3,165 i2" RK -5 DR18 READ T00L:NG 84 88109101 7455.63 7455.63 .00 3166 12" 311-5 DR25 31AD ?00LIEG 84 B&104101 15495.27 15595.27 .40 "x167 TS -M EK? MIR ASSIRELY 84 aai09101 304082.03 304082.03 . 00 3168 EUU DIN" kDD1710p1 171 88109101 201347.21 146006.28 55,3340.93 3159 =" C-900 COUPLING HEAD ai 88109/01 `=_1287.50 11,287.50 .00 3170 6" C-900 COOPL_1;G HP -D 64 86109101 11905.62 11905.62 .00 3171 8"' C -90C COUPLING HEAD a4 881091101 13206.3B 13206.38 .00 3172 1D" C-900 COUPL1116 READ 8: BB109101 14190,00 11190.00 04 3173 12" C-900 COUPLING HM 94 86109101 1-5716.50 11716.50 .00 3174 BIN VE11iS 84 88/09101 12212.53 12212.53 .00 _ 02/03/99-,10:56 FAX 13083849345 DIAMOND PLASTICS 0005 02103199 09:48:47 Asset ASSet ID FusbeI Desc FADE Asset Acouired DeplEC k=&Ulat6d CURRENT VALOB Life Daze V81UE Depiec 3176 ST02AGE SILO 84 88109101 31022.46 31022.46 ,00 3177 SPEEDE1 CT3216 PULLER B'_ 88109101 55383.75 56383.15 .00 3118 Pati HTORG?ESTER 1R_18°CAPACITY 84 88109101 13769:.15 137594.15 .00 3179 RBORKED R.W IV RELLF'F 84 88103101 30360.50 3(1360.50 .00 3180 WIRIF 4 ELECTRICAL 84 88109101 111825,43 111325.43 .00 3181 SPRAY COOLIFc- 01 20' 84 88109101 5810.21 5310.21 .00 3182 SPRAT COOL1'10 T4Rk 20' 84 88109101 5810.70 x310.20 .00 3183 SPW COOLING TINK i0' 84 8610310/ 2905.18 2905.18 ,00 3194 SPRAY COOLING MARX 10' 84 88109101 2905.18 5905.18 .00 3185 SPRAY COOLING T.A9A 10' 81 88109,101 2905.18 2905.16 .00 3186 UNITED AIRBELLER 6"-24"�1035) 84 82112101 48005.00 48005,00, .00 3187 UNITED MAU 1V i-'-.BDHRLS ;1060) 84 83109101 25321.42 25321.42 .00 3168 MIDWEST ffli2 SAv a= BB1i1101 39237.50 39737.50 .00 3189 MIDWEST 0212 20 84 98151101 39237.50 39237.50 .00 311' 31R HOIST LINE 5 84 88109101 1100.00 1100.00 .00 _531 Ola HOIST EYDROTESTEE 84 88109/01 1100.00 7100.00 ,00 3192. MIDWEST SAW 8"-30" 84 88109101 77400.00 7'400.00 .00 5193 A0MONK-1. Fuc?RTD 84 88109101 6311.33 6311.33 .00 3194 FK t€ACRiNE 36 88/12101 2598.211 2598.21 .00 5196 1-1985 IIEUErAUF FLATBED 60 89106101 7500,00 7500.00 .00 3198 4" SM -112 WkLL PIHIAY,4 84 89108101 1697.82 1_687,82 ..GO 3199 6" SDR1.162 WALL PIN W 84 89108101 1560.65 1580.65 .00 3204 6R SDR. -26 PIN IRE4 84 89105101 1687.62 1587.82 .00 320,1 i0" SDRI.280 WALL PIN!Rfiin' 84 89108101 2956.25 :956,25 .00 3202 12" S081.340 WALL PINIRn511A 84 89108101 2956.25 ;956.25 .00 1203 SEAT CON' -VOL LINE o4 36 89108109 8076.66 ?076.66 .00 3204 198-1 CBEV C.APRiCB CLASSIC 60 89110123 4374.46 07i,45 .00 3205 RISC. P.W. KANDRELS 84 89112101 13814.70 133.70 .00 '1207 HEAT CONTROL LIRE 02 36 90102/09 8936.92 6936.92 .00 3208 G&TING MACHINE 60 90/02101 5760.79 5760.79 .00 3209 B -Ci CO8410L L1R1{ 33 36 90105101. 8076.66 5070.66 .00 3210 RA -SA AOAPTO3 94 90105101 13205.37 132.05.37 .00 3211 USED MANDRELS 6? 90105101 6073.64 6073.6: 00 321Z F.3-3 HEAD RFROH KACOaj 84 89112115 9713.00 9713.00 .00 1.213 MATTHEWS PRINTEE 6124 . R14CON 84 89112115 486.00 486.00 .00 5211 MATTHEWS PNINTIR 612=_ - NACON 84 E9112115 486,00 485.00 .00 377 S KAYTEEW FEIiTER 6026 - UCON 84 55112/15 486.00 !86.00 .00 3216 RATTHEWS PkINTER 6026 - FACON 84 891;12115 1_86.00 486.00 .00 33216 BURST "ESTER 64 90110101 34493.02 34493.02 .00 3219 CBiLL s SYSTEM 84 90/10101 2,1910,31 2.:910.31 .00 3220 CGCLiNu 20WRR 84 90110101 18182.42 18482.42 .00 3221 IRR 1T-F30H NLACOR 60 641/2115 950.00 950.00 .00 3222 AT 285 66 90112101 :503.11 1503.11 .00 3273 KTI MIKEa-FROK KkCON 64 831121/5 24293.00 25283,00 .00 3275 CL 909 CATEPILLAR, S4 9110910/ 9056.88 9M-68 .00 3226 UNITED TE'STEd 84 911101::1 2962i,ai 213i21.:2 .90 3227 DIJgEprC VALVES at 91110101 1773,fO 7773.60 G0 '3223 FAi'INL Or 7a?i3 $d "5910810,1 2d6J0.00 23600.00 .310 5229 ELERDIEG CONTROL ROOF 8: 92101505 12172.95 12172.95 .00 3230 6LwHLl'- H,P�UR3TS1; $-'. 9.151101 29665.08 ;366a.OB ,i0 02/03/99 _10:57 FAX -19085848345- - DIAMOND PLASTICS [7J 006 Gi1,13193 5:41.:`., Assn =.s set ID iilobsr DASC :asset rllccu rsi Deprn Accumulated CURERNT VALUE Life Dats i1a hs Deprec 3231 ?W 21" HANDRAL 24 921''01101 53E7.50 5387.50 .00 323:" L,NIER 20272 COPIER 60 92/02101 4983.'_4 4983.44 .00 3232 AuiGMATRD 81,01) SYSTEM 84 3Z1OZ101 687051.0E 678874.85 8,?79.21 iIi EITRUDER4039 84 9210610/ 4186a.a.c 39376.69 2,49'2.51 323: SPRaq rP.RtS-LINE a P"_ 92, a,1 21236.90 19372.76 :,264.12 3235 616? OLP BELL31-LINE 6 84 SUOMI 173912.19 163560.37 10,351.92 3237 CHILLi:3-LiKa 6 34 32106/01 39212.79 3i584.31 2,334.47 3238 COOLING TOWER -LINE 6 84 92/06101 5076.84 9774.67 302.17 3<39 t+ACgI?iF INSTALLATION-LINZ 6 84 42106101 s9211.i5 8:900.:8 5,310.17 3240 341211 EOT.kRY SAW 84 92108/01 04106.25 390339.08 3,367.17 3141 1Aw13OL RRi 490 4 CART Si4 92/08101 72950.66 6071.42 6.079.24 3241 PUMPS-,If{E 6 84 92x08101 5923.82 5430.12 493.67 320 Ra.--. ? l 504r PIP Ps5 84 92110/01 2571-.08 14295.64 275.11 3244 9x.4 8" WATERGATE PIN & H�3SHING a4 92110101 4564.46 1075.45 489.01 3245 EE1 10i 50r PIP PIN 84 921T0/01 2454.60 3191.56 263.02 3245 kUTOHATIC C900 TEST 3 84 93101101 52479.55 44982.49 7,497.05 33247 HW212 ROTARY SAW 84 93/06101 13222.96 31475.52 3jr7.44 321a EXTBUDEii CP 111 - 1,132 1 ad 93147/01 16fi6-'_.63 20951.00 5,713.83 32:0 :.I? COHPEESSOR 84 93/11/01 19973.74 1174.2.17 3,231.27 3251 CH -1111 EXTRUDER a4 93111/01 27332.50 20174.63 7,158.47 3252 HIOU. BELS TOOLING 34 94103/01 5978.84 :890.17 3,088.67 3253 cKii EETRUDER 31 94/05101 21332.50 1cZ21.72 9,110.72 3254 CHILLER as 94185101 43940.41 2'293.50 14,6,6.81 1255 V DL TOOLING a4 94105101 6717.59 1145.13 572.0 3256 BELLING lACAINE 84 94110101 22038.83 15380.79 8,656.09 3000 LAND 119PROVEMEHTS 60 88112101 18630.90 D0 18,630.9a 3035 ?i CK -UP CREV 1972 36 811'17101 240.00 U L U .00 3205 Jas". ROUGH TERRAIN FoR.RLIFT 84 89IWI, 34211.88 35211.88 DO 3197 rauiNDER SYSTEM 84 89108101 23iO3.00 73193.00 .00 3251 ASCO JCB FORKLIFT 84 95101/01 48164.15 2'522.39 20,6=1.86 3258 A_SC4 u9C FORKLIFT 84 95101101 51082.12 29189.76 421,392.36 3255 ACHA PENTIUM 90 PC 60 95/01141 35.22.33 2817.91- 701.46 33261 Rica Dig a4 95106101 59401.79 30408.03 28,993.76 3262 ADDITIVE FEEDEE 84 95106/01 3317.34 1698.07 1,619.27 3263 TOLEDO SCALE a4 95108101 5673.47 2769.11 2,904.33 3264 CINCINNATI P3&'JRATER 84 95110101 57750.33 26812.61 30,937.72 3265 1991 CEG+, 314 TON PICiff 60 95108101 3025.00 2067.12 957.88 3266 RAIL UNLOAD SYaTEM 84 96105/31 11236.21 4146.66 7,089.52 3267 32714 PULLEY L1112 84 9x105101 44238.90 15952184 27,386.06 3268 KWR212 SAW LIRE 2 84 96105101 41024.80 15628.48 25,396.32 3269 CM111 EXTRUDER LIaE 2 84 9610910/ 21298.80 7099168 11,199.12 3270 PULUR (Vass) a4 96109141 6012.60 2003.96 4,008.44 32% SECO16 ELECT&IC SERV3C9 4iNl 84 94104101 13070.00 8868.94 1,201.06 3271 SEVER SYSTEM, 84 94110101 9100.0+0 5524.95 3,575.05 3273 TELEPRONE SYSTEM 60 91105101 10491.83 3497.23 61994.60 3274 1990 GTD FLATBED 36 97108101 6885.71 3251.59 3,634.13 3275 1990 GTD FLATBED 36 97/08/01 6885.71 3251.59 3,634.12 3i76 10" & 12" In REIaER BELL ?OOL 84 97109/01 803,32 1615.84 6,867.48 3277 10' & 12" SWR RET -BER B11L TOOL 84 97109101 8274.46 1576.12 6,698.34 328a A:1) AOLic TORQUE WRENCH 84 97107101 679x.98 1456.02 5,338.96 �1 02/03/99 10:57 FAX 13083849345 DIAMOND PLASTICS_ 02/93%99 09:54:33 PAGR I Assat ksset Xsset Acquired ogrec Accumulated ZURRUT MUE ID Numi�r Desc Llie Date value Dearec 6002 9UILDNG MODIFICP.TIOP 84 97110/91 300222.58 53611.20 246,611.38 6003 PRINT STATIONS TRAbSPORT E4 97110101 18055.16 3224,10 I4,b3i,06 6004 SEW LINE 84 97110101 132'84,82 2372.25 10,912,57 6005 s:LO 84 97/10101 20338.07 1631.80 16,706.27 6006 BRIDGE CRAKE 84 97110/01 53956.62 ?635.10 44,321.52 6007 SRS BRIDGE 84 97,150101 11632.79 2077.33 9,555.46 6004 POWWR SYSTE 84 97110!01 8955B.92 15992.70 73,566.22 6009 ELOWad 84 97110101 3294.00 588.17 2,705.83 6010 0 TER SYSTEM 84 97110/0/ 2479.73 621.41 2,850.32 0011 MLLER 84 97110101 26321.50 ?700.25 21,621.25 6012 P.IE CIRPRESSOP, 84 97110/01 23527.29 '201,35 19,325.9': 6011 cRiIWRR a4 97/1010/ 13732.00 2452.20 11,279.80 6Ci4 WIcDEES 8=. 97110101 205918.84 39771.21 169,147.63 6015 PRINTER 84 97/10101 5470.40 976.80 4,493.60 6517 BANDEU 84 97/10/01 1212.80 216.60 996.20 6016 SCALES 84 97/10101 12936.622 2292.x0 10,544.32 6019 30" DIE GET 84 97110/91 39732.94 7D95.15 32,537.79 6027 MEAULIC PGir:tE SYSTER 84 97/10/O1 39400.00 1035.75 32,364,25 6021 TOOLING RACES 84 97110/01 3064.55 547.20 2,517.35 6022 1B"-60` 89UING RACKIF1 84 97//0101 191780.00 34232,11 157,467.90 6023 30" SELL & TEST TOOL 84 9711DID1 17400.00 3107.1fl 14,292.90 6021 33" HELL & TEST TOOL 8? 9711010/ 19140.00 3417.90 15,722.10 6025 36" H£LL & TEST TOOL 84 97/10/01 20900.00 3732.15 17,1b1,85 6026 42" BELL & TEST TOOL 84 97;10/01 24300.0D 4339.34 19,960.66 6027 48" BELL & TEST TOOL 84 97110101 26900.DC 4803.60 22,096.40 6028 54" HELL & TEST, TOOL 84 91/10101 31320.00 5592.90 25,721.10 6015 60" BuL & TEST TOOL 84 97110101 31804.80 6214.34 28,585.65 6030 ALTE3MATOR STATICS 84 97110101 15600.00 2785.67 12,814.33 6031 PROFILE ERTRUDER & IN5TALI,ATIO 64 97/10/01 279036,00 19827,90 229,20d.1C 6081 !ARD IMP309YENT 84 97/10/01 38064.92 6797.25 3i,261.67 6015 TEST EQUIP, 84 97/10101 1028.80 183.75 80.05 6032 EBD SEALING EQUIP 84 98!01101 5399.87 914.28 5,485.59 6033 MWSW!8/6098 NANIPOLATOR 84 96103/01 298600.13 :5541.60 263,052.53 6034 RWFP HEAD & OdRT & 30" TOOLING 84 98/03101 21!525.00 25181.53 186,343.47 6035 42" WINDER 84 9811010/ 32876.00 1172,14 31,701.86 6036 36" DIE W WINDER MOD 84 98/10/Oi 71067.00 2535.12 68,528.88 6037 END SEALING EQUIPMENT 84 99/C3/01 6399.81 761.90 5,637.97 R+ - R ti D 0 F R E P O 8 T t t" Nm ATTACHMENT 4 A. There will be no change in real value and the facility value is $80,000 for the grinding building. B. Notice of appraised Value (attachments) NOTICE OF APPRAISED VALUE THIS IS NOT A TAX BILL - DO NOT PAY FROM THIS NOTICE Property ID: P115503 Notice Date: 05/20/1998 XREF ID: 00778509 DIAMOND PLASTICS CORP (27542) EQUITY SERVICES (1048) PO BOX 64246 LUBBOCK TX 79464 DBA: DIAMOND PLASTICS SITUs: 2323 MARSHALL ST,LUBBOCK LEGAL: FFME INV AND VEH LUBBOCK CENTRAL APPR DISTRICT P.O. BOX 10542 1715 26TH STREET LUBBOCK, TX 79408-3542 C TAX LAND HOME SITE LAND NON -HOME AG LAND AG LAND USE IMPROVEMENT IMPROVEMENT NON - YEAR SITE MARKET VALUE VALUE HOME SITE HOME SITE 1997 1998 HOMESTEAD CAP VALUE TAX 10% MAXIMUM ANNUAL VALUE ASSESSED VALUE APPRAISED VALUE YEAR INCREASE ALLOWED ON HOMESTEAD) 1997 1,077,247 N/A 1,077,247 1998 2,147,880 N/A 2,147,880 1997 NET 1998 1998 1998 NET EST. TAX 1998 TAXING UNIT ASSESSED ESTIMATED TAX TAXABLE VALUE EXEMPTIONS >TAXABLE RATE LEVY 1,077,247 LUBBOCK COUNTY 2,147,880 0 2,147,880 0.16232 3,486.44 1,077,247 LUBBOCK ISD 2,147,880 0 2,147,880 1.51407 32,520.41 1,077,247 CITY OF LUBBOCK 2,147,880 0 2,147,880 0.56088 12,047.03 1,077,247 LUBE CNTY HOSPITAL 2,147,880 0 2,147,880 0.09959 2,139.07 1,077,247 HI PLAINS WATER 2,147,880 0 2,147,880 0.00812 174.41 TOTAL I 50367.36 "The Current Year Estimated Tex Rate indicated for these Taxing Units as calculated will raise the same amount of revenue for operating purposes from properties taxed In the preceding year as these units raised for those purposes In the preceding year. Each governing body of these Taxing Units may NOT adopt a tax rale that will Increase tax revenues for operation purposes from properties faxed In the previous year without publishing notice in a newspaper that It is considering a lax increase and holding a hearing for taxpayers to discuss the lex increase. The Current Year Estimated Taxes indicated would be levied on the above described properly it the Taxing Units adopted these Current Year Estimated Tax Rales." 'THE TEXAS LEGISLATURE DOES NOT SET THE AMOUNT OF YOUR LOCAL TAXES. YOUR PROPERTY TAX 8URD,EN lS DECIDED 8Y YOUR LOCALLY ELECTED OFFICIALS AND ALL INQUIRIES CONCERNING YOUR TAXES SHOULD BE DIRECTED TO THOSE S'il 'For school districts: For those taxpayers 65 years of age or older who received the f10,000 residence homestead exemption for school district purposes, the amount of TAX CEILING school taxes that will be Imposed for the current year will not exceed the tax ceiling established for those homesteads.' See the reverse side of this notice and the enclosed protest form, should you disagree with any of the above information. The deadline for filing a protest is June 22, 1998. The Appraisal Review Board will begin hearings on June 22, 1998. In each taxing unit listed, the governing body decides whether property taxes increase. The appraisal district determines only the value of the property. If you object to increasing taxes or government spending, you should complain to the taxing units governing body. You should complain to the appraisal office and ARB onlyabout your proposed property value or exemptions. THIS IS NOT A TAX BILL - DO NOT PAY FROM THIS NOTICE NOTICE OF APPRAISED VALUE THIS IS NOT A TAX BILL - BO NOT PAY FROM THIS NOTICE Property ID: R80310 Notice Date: 05/20/1998 XREF ID: 30052705 DIAMOND PLASTICS CORP (27542) EQUITY SERVICES (1048) PO BOX 64246 LUBBOCK TX 79464 �6 l DBA: DIAMOND PLASTICS SITUS: 2323 MARSHALL ST;LUBBOCK 79415 LEGAL. GIFFORD HILL L 2—F LUBBOCK CENTRAL APPR DISTRICT P.O. BOX 10542 1715 26TH STREET LUBBOCK, TX 79408-3542 TAX LAND NON -HOME AG LAND AG LAND USE IMPROVEMENT IMPROVEMENT NON - YEAR LAND HOME SITE SITE :.MARKET VALUE ;:; VALUE HOME SITE HOME SITE ' 1997 197,501 611,256 1998 197,501 867,450 HOMESTEAD CAP VALUE TAX APPRAISED VALUE (10% MAXIMUM ANNUAL VALUE ASSESSED VALUE. YEARINCREASE ALLOWED ON HOMESTEAD) 1997 808,757 N/A 808,757 1998 1,064,951 N/A 1,064,951 997 NET 1998 1998 1998 NET EST. TAX 1998 TAXING UNIT ASSESSED ESTIMATED TAX FT AXA8LE .VALUE EXEMPTIONS TAXABLE RATE LEVY 808,757 LUBBOCK COUNTY 1,064,951 0 1,064,951 0.16232 1,728.63 808,757 LUBBOCK ISD 1,064,951 0 1,064,951 1.51407 16,124.10 808,757 CITY OF LUBBOCK 1,064,951 0 1,064,951 0.56088 5,973.10 808,757 LUBB CNTY HOSPITAL 1,064,951 0 1,064,951 0.09959 1,060.58 808,757 HI PLAINS WATER 1,064,951 0 1,064,951 0.0081.2 86.47 TOTAL 24972.88 "The Current Year Estimated Tax Rate indicated for these Taxing Units as calculated will raise the same amount of revenue for operating purposes from properties lazed In the preceding year as these units raised for those purposes In the preceding year. Each governing body of these Taxing Unlis may NOT adopt a tax rate that will increase lax revenues for operation purposes from properties taxed In the previous year without publishing notice In a newspaper that it Is considering a tax increase end holding a hearing for taxpayers to discuss the tax increase. Tile Current Year Estimated Taxes indicated would be levied on the above described property it the Taxing Units adopted these Current Year Estimated Tax Rates.' "THE TEXAS LEGISLATURE DO E5 NOT SET THE AMOUNT OF YOUR LOCAL TAXES. YOUR PROPERTY TAX BURDEN IS DECIDED BY YOUR LOCALLY ELECTED OFFICIALS AND ALL INQUIRIES CONCERNING YOUR TAXES SHOULD BE DIRECTED TO THOSE OFFICIALS" "For school districts: For those taxpayers 65 years of age or older who received the $10,000 residence homestead exemption for school district purposes, the amount of TAX CEILING school taxes that will be imposed for the current year will not exceed the lax tailing astablishad for those homesteads." See the reverse side of this notice and the enclosed protest lorm, should you disagree with any of the above information. The deadline for filing a protest is June 22, 1998. The Appraisal Review Board will begin hearings on June 22, 1998. In each taxing unit listed, the governing body decides whether properly taxes increase. The appraisal district determines only the value of the property. If you object to increasing taxes or government spending, you should complain to the taxing units governing body. You should complain to the appraisal office and ARB onlyabout your proposed property value or exemptions. THIS IS NOT A TAX BILL - DO NOT PAY FROM THIS NU I IC;t LOTSG�FFORD-HML AD)DIT 01IN TO THE C1T'e OF LUBBOCK. LU680CK CCL;P47y, --- TEA..:S 7� -:� .. .. ..11i•4.ii = ?2G3.GS•- _ 570°+_ 275'+-"" - on Sw.aud SER. COL ' . b � Sue•s�anc� •, C ej I 1 nr rl 1 NaVsee 337°5' - •.•�. , r I 1 a ` 1 EAST PART s d3 APPROXIMATELY - SOLD TO RODEWAY e - i3 _ t2 42..9E ACRESCA ' WEST PART APPROXIMATELYvv 1 I r 14.5 ACRES 1 ; 1 - 435' 1 _ ©,. - 1 29 APPROXIMATE LO TION OF RAILROAD An original survey was taken to ' �.;•, Ind this was prepared based on discussions lot interpret this as being exact. - DIVIDING LINE °e approximate and not to scale. FROM EAST PART TO wildings follow. WEST PAU,,. 2 CE^T, F'_^TE r n•.r •-rr:^ ..•ry, - • r :'Cr.Q inr.r nou e;•c � -- ,