HomeMy WebLinkAboutOrdinance - 2016-O0121 - Valencia PID Assessment Roll - 08/25/2016First Reading
August 11, 2016
Item No. 5.9
ORDINANCE NO. 2016-00121
Second Reading
August 25, 2016
Item No. 6.4
AN ORDINANCE REVIEWING CLASSIFICATIONS FOR THE METHODS OF
ASSESSING SPECIAL BENEFITS FOR THE SERVICES AND
IMPROVEMENTS OF PROPERTY IN THE VALENCIA PUBLIC
IMPROVEMENT DISTRICT; APPROVING, ADOPTING AND FILING WITH
THE CITY SECRETARY THE ASSESSMENT ROLL; LEVYING 2016
ASSESSMENTS FOR THE COST OF CERTAIN SERVICES AND
IMPROVEMENTS TO BE PROVIDED IN THE DISTRICT DURING FY 2016-17;
FIXING CHARGES AND LIENS AGAINST THE PROPERTY IN THE
DISTRICT AND AGAINST THE OWNERS THEREOF; AND PROVIDING FOR
THE COLLECTION OF THE ASSESSMENT.
WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") allows for
the creation of public improvement districts; and
WHEREAS, On July 14, 2011 the City Council passed Resolution No.2011-R0310,
attached here as "Exhibit A," which made certain findings concerning the advisability of
creating the Valencia Public Improvement District (the "District"), authorized and
created the District as a public improvement district under the Act, and designated the
Lubbock City Council as the entity responsible for the management of and provision of
services and improvements to the District; and
WHEREAS, On August 11, 2011, the City Council passed Resolution No. 201 l-R0342 ,
approving the Service and Assessment Plan (the "Plan"), which will be reviewed and
revised each year when necessary. Exhibit B, attached hereto, contains the 2016 update to
the Plan for the District, which includes a map of the District and the 2016 proposed
Assessment Roll (the "Roll"); and
WHEREAS, the Act requires that the City Council review the Plan; prepare a proposed
Roll and file it with the City Secretary; and schedule a public hearing to consider the
proposed assessments and receive public comment on an annual basis; and
WHEREAS, after published and mailed notice of the hearing , pursuant to the Act, a
public hearing was held August 11, 2016, to consider objections to the proposed
assessments. The City Council closed the public hearing after receiving property owner's
concerns and comments (both oral and written) on proposed 2016 assessments within the
District and acted on any objections to proposed assessments for particular parcels ; and
WHEREAS, the City desired by the calling and holding of such public hearing to
provide a reasonable opportunity for any owner of property located in the District to
speak for or against the 2016 assessment rate for a special assessment against real
property and real property improvements exclusive of public rights-of-way, to provide
funding for the District for the purpose of supplemental services and improvements; and
Valencia PID Assessment Ordinance -2016 Page I
WHEREAS, the City Council desires to review classifications and formulas for the
apportionment of the costs for the services and improvements of the property in the
District, and approve, adopt, and file with the City Secretary the Roll; and
WHEREAS, the City Council finds after review that the revised service plan and
assessment plan are feasible and sound and will serve the needs and desires of the
property owners and that the assessment rate of $0.11 per $100.00 of net taxable value
through year 2020, as determined by the Lubbock Central Appraisal District, of the
property or improvements to the property located in the District; are reasonable and
adequate; and
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF LUBBOCK, TEXAS:
SECTION 1: That the facts and recitations contained in the pre ambl e of this
ordinance are hereby found and declared to be true and correct.
SECTION 2: That the City Council after review of the Plan approves the method of
assessing special benefits of services and improvements in the Plan . Terms relating to
property taxes in this ordinance shall be used as defined in Section 1.04 of the Texas
Property Tax Code. In accordance with the Plan, each property owner in the District
identified for assessments in 2016 receives the same amount of service for the
assessment provided . The proposed method of assessment, which specifies included
or excluded classes of assessable property , is based on the net taxable value of the
real property and real property improvements as determined by the Lubbock Central
Appraisal District in accordance with Chapter 25 of the Texas Property Tax Code.
Public rights-of-way are exempt from assessment.
SECTION 3: The City Council hereby approves, adopts and files with the City
Secretary the Roll attached to the Plan. The Roll states an estimate of the assessment
against each parcel of land in the District, as determined by the method of assessment
set forth in the Plan and this Ordinance. The City Secretary shall file the Roll in the
official City records. The Roll shall be subject to public inspection.
SECTION 4: That the City Council finds that the notice of the City Council 's
intention to consider the proposed assessments at a public hearing on August 11, 2016
at 5:30 p .m. in the City Council Chamber, 1625 13 1h Street, Lubbock, Texas was
published in the official newspaper of the City of Lubbock, Texas before the 101h day
before the date of the hearing. The notice stated: (1) the date, time and place of the
hearing; (2) the general nature of the services and improvements; (3) the cost of the
services and improvements; (4) the boundaries of the District ; and, (5) that written or
oral objections will be considered at the hearing.
SECTION 5: That the City Council finds that City staff mailed to the owners of
property liable for assessment, notice of the hearing as the ownership appears on the
City tax roll. The notice contained the information required by the Act. The notice
Valencia PID Assessment Ordinance -2016 Page 2
was mailed before the 1 oth day before the date of the hearing to the last known
address of the property owner on the City tax roll. The failure of the property owner
to receive notice does not invalidate the proceeding.
SECTION 6: That the City Council finds that the assessments should be made and
levied against the respective parcels of property within the District and against the
owners thereof, and are substantially in proportion to the benefits to the respective
parcels of property by means of the services and improvements in the District for
which such assessments are levied, and further finds that in each case the property
assessed is specially benefited by means of the said services and improvements of the
District, and further finds that the apportionment of costs of the services and
improvements is in accordance with the law in force in this City and the State and in
the proceedings of the City heretofore 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 shall be and 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 2016 city net taxable value in the manner described in
the assessment, attached hereto as "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 in Section 9 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. The lien shall
attach 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. The lien is perfected on attachment and
perfection requires no further action by the governing body.
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 , 2017
except as provided in Sections 3 l.02(b), 31.03 , and 31.04 of the Texas Property Tax
Code. A delinquent assessment incurs a penalty of six percent of the amount of the
assessment for the first calendar month it is delinquent plus one percent 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 of the amount of the delinquent
assessment without regard to the number of months the assessment has been
Valencia PID Assessment Ordinance -2016 Page 3
delinquent. A delinquent assessment continues to incur the penalty provided by this
section as long as the assessment remains unpaid, regardless of whether a judgment
for the delinquent assessment has been rendered. That if default be made in the
payment of any of the said sums hereby assessed against said property owners and
their property, collection thereof, including costs and attorney's fees, shall be
enforced by the governing body in the same manner that an ad valorem tax lien
against real property may be enforced by the governing body under Chapters 31 , 32 ,
and 33 of the Texas Property Tax Code. The owner of the assessed property may pay
at any time the entire assessment on any lot or parcel, along with any interest and
penalty that has accrued on the assessment.
SECTION 10: That all assessments levied are a personal liability and charge against
the real and true owners of the premises described, notwithstanding such owners may
not be named, or may be incorrectly named.
SECTION 11: That the assessments herein levied are made and levied under and by
virtue of the terms powers and provisions of the Act, as amended.
SECTION 12: That the City may contract with the Lubbock Central Appraisal
District and 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 _,,A...:.u=-g;;:..:u=s=t...:.1~1 ....... 2=0,....1::....:6"---------
Passed by the City Council on second reading on _A-'-u_...g..;..;.u;;...;st....o2_5_._, _2-'-0_16..;..._ ______ _
DANIEL M. POPE, MAYOR
Valencia PIO Assessment Ordinance -2016 Page 4
ATTEST:
APPROVED AS TO CONTENT:
Cheryl Brock, Executive Director of Budget
APPROVED AS TO FORM:
Ord. Valencia PID Ordinance 2016 Assessment
July 15, 2015
Valencia PIO Assessment Ordinance -2016 Page 5
I EXHIBIT A Resolution No. <:)1-ROllO
I July 14, 2011
Item No. 6.4
RESOLUTION
WHEREAS, a petition has been received from the record owners of taxable real
property representing more than 50 percent of the appraised value (as detennined by the
most recent certified appraisal roll of the Lubbock Central Appraisal District) of an area
within the City of Lubbock generally bounded by gcneraUy bounded by ss"' Street on the
north, 881h Place on the south, Iola Avenue on the east, and Milwaukee Avenue on the
west, AND owners of not Jess than fifty percent (50%) of the area of all taxable real
property that is liable for assessment under the proposal; requesting establishment of a
Valencia Public Improvement District under Chapter 372 of the Texas Local Government
Code for the purpose of maintaining Parks and greens together with any ancillary
structures, features or amenities such as playgrounds, athletic facilities, pavilions,
community facilities, irrigation, walkways, lighting, benches, trash receptacles and any
similar items located therein along with all necessary grading, drainage, and similar
infrastructure involved in the maintenance of such parks and greens; landscaping,
hardscape and irrigation; including costs of establishing, administering and operating the
District; and
WHEREAS, the petition, a copy of which has been attached as Exhibit "1," was
examined, verified, found to meet the requirements of Section 372.00S(b) of the Texas
Local Government Code, and accepted by the City Council of the City of Lubbock, Texas
(the "City"); and
WHEREAS, the boundaries of the proposed Valencia Public Improvement
District within the city limits of the City of Lubbock are described in the attaclunent
designated as Exhibit "2" and shown on the map attached hereto as Exhibit "3"; and
WHEREAS, the City has called a public hearing to hear public comments 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, notice of such public hearing was published in the Lubbock
A va)anche-Joumal. a daily paper of general circulation in the City, such publication date
being before the 1 Slh day before the date of the public hearing stating the time and place
of the hearing, the general nature of the services, the estimated cost of the services, the
proposed boundaries of the proposed Valencia Public Improvement District, the method
of assessment, and the apportionment of cost between the improvement district and the
city as a whole; and
WHEREAS, written notice containing the infonnation in the published notice
was mailed before the I 51h day before the date of the hearing to the current addresses of
the owners, as reflected on the tax rolls, of property subject to assessment under the
proposed public improvement district; and
Valencia PID Establishment
0 EXHIBIT A 0
WHEREAS, such hearing was convened at the time and place mentioned in the
published notice, on the 141h day of July, 2011, at 9:30 o'clock a.m., in the Council
Chambers of the City of Lubbock, Texas; and
WHEREAS, the City, at such hearing, invited any interest person, or his/her
representative, to appear and speak for or against the authorization of the Valencia Public
Improvement District, the boundaries of the proposed public improvement district,
whether all or a part of the territory which is described in Exhibit "2" attached hereto and
depicted on the map attached hereto as Exhibit "3" should be included in such proposed
Valencia Public Improvement District, the advisability of the proposed improvements,
the nature of the improvements, the estimated costs of the improvements; the method of
assessment, and the apportionment of costs between the district and the city as a whole;
and
WHEREAS, all owners of property located with the proposed Valencia Public
Improvement District and all other taxing units and other interested persons were given a
reasonable opportunity at such public hearing to protest the authorization of the Valencia
Public Improvement District mull or the inclusion of their property in such District; and
WHEREAS, the proponents of the Valencia Public Improvement District offered
evidence, both oral and documentary, in favor of all of the foregoing matters relating to
the creation of the Valencia Public Improvement District, and opponents of the Valencia
Public Improvement District were given the opportunity to appear to contest
authorization of the district, after which the hearing was closed; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK,
TEXAS:
SECTION 1: That the facts and recitations contained in the preamble of this
ordinance are hereby found and declared to be true and correct.
SECTION 2: That the City Council, after conducting such hearing and having
heard such evidence and testimony, has made the following findings and
determinations based on the evidence and testimony presented to it:
(a) That the public hearing on the advisability of authorizing the Valencia
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 proposed public
improvement district.
(b) That authorization of the proposed Valencia Public Improvement
District with boundaries as described in Exhibits "2" and "3" for the
purpose of maintaining Parks and greens together with any ancillary
structures, features or amenities such as playgrounds, athletic
facilities, pavilions, community facilities, irrigation, walkways,
lighting, benches, trash receptacles and any similar items located
Valencia PID Establishment 2
'I
l
0 EXHIBIT A 0
therein along with all necessary grading. drainage, and similar
infrastructure involved in the maintenance of such parks and greens;
landscaping, hardscape and irrigation; including costs of establishing,
administering and operating the District is advisable and will result in
benefits to the City, its residents and property owners in the Valencia
Public Improvement District.
( c) That the total estimated cost of services and improvements proposed
to be provided by the District is approximately $56,829 over the next
five (5) years, and that the estimated annual cost rises from $4,500 in
year two to $19,149 in year five (5). Services anticipated are
maintenance of 87"' Street park and median, electric costs for lights,
and operational and administrative costs.
(d) That the costs are based on a proposed assessment rate of S0.11 per
S 100.00 of valuation through year 2019.
( e) That as to apportionment of cost between the proposed District and
the City, all costs for proposed improvements wiU be paid by the
District through assessments.
SECTION 3: That the City hereby authorizes under Sections 372.006, 372.010,
and 372.041 of the Act, a public improvement district over the area described in
Exhibit 2 attached hereto and depicted in the map attached hereto as Exhibit 3 and
such public improvement district shall hereafter be identified as the Valencia
Public Improvement District, City of Lubbock, Texas.
SECTION 4: That the City Council shall be the governing board for the
Valencia Public Improvement District The City Council may appoint an
Advisory Board for management of the District in the future.
SECTION S: That the notice of this authorization for the Valencia Public
Improvement District shall be published in a newspaper of general circulation in
the city.
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.
Valencia PIO Establishment 3
( EXHIBIT A 0
Passed by the City CoWlcil on. ______ J_u_ly....._.14 _______ , 2011.
ATTEST:
&o.~J. ' ~ RCif cca Garza, City SecretarY
APPROVED AS TO CONTENT:
I p.,~ I Andi clWll
1 Chief Financial Officer
APPROVED AS TO FORM:
t--Jwi'./·~~~
Linda L. Chamales,
Economic Development Attorney
ISlcilylll/Llndl/Vllencla PIO Establistuncnl
May 18,2011
Valencia PIO Establishment
TOM MARTIN, MAYOR
4
0 EXHIBIT A
Exhibit "I" Heaolution No. 2011-ROJlO
CITV OF LUBBOCK §
COUNTY OF LUBBOCK §
STATE OF TEXAS §
CERTinCATE OF PUBLIC RECORD
l hereby cerofy, in the performance of the functions of my office. that one
signature on the attached document has been verified and that the same constitutes record
owners of taxable: real property representing more than fifty percent (50%) of the
appraised value: of the property (as determined by the current roll of the Appraisal
District, January 1, 2011) in the area known as Valeocia. as shown on that attached map,
AND owners of more than fifty peteent (50%) of the area of all laxable real property that
is liable for assessment under the proposal as required by Section 372.00S(b) of the Texas
Local Government Code; the one petitioner owns 100% of land; said documents appear
of record in my office and that said documents are an official record from the public
office of the City Secretary of the City of Lubbock. Lubbock County, State of Texas, and
is kepl in said office.
I further certify that I am the City Secreuuy of the City of Lubbock, that I have
legal custody of said record, and that J am a lawful possessor and keeper and have legal
custody of the records in said office .
In witness whereof I have hereunto set my hand and affixed the official seal of
said office this 16th day of May, 2011.
(City Seal)
Rebe aGam.
City Secrclmy
City of Lubbock
Lubbock County, State of TeXDS
EXHIBIT A
Exhibit "I"
Mays, 2011
To: Becky Gana, City Secretary
Cheryl Broe~ Senior Financial Analyst
Rob Allison, Assistant City Manager
From: Sally Still Abbe, GIS Manager
Re: Valencia Petition
0
Recently, the Cily Of Lubbock received a petition dated April 8, 2011 fiom Drew Wegman.
Vice-President of Real Property Resources, Inc., requesting that the City of Lubbock establish a
Public Improvement District (PID) for the proposed Valencia 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. There is only one owner of land within the PID
boundary, and the vice-president of this company signed the petition.
The fmt test is that the petition is sutlicient if signed by the owners of taxable real property
rcprcscoting more than SO% of the appraised value of the taxable real property liable for
assessment by the current roll of the appraisal district (January I, 2011 ). Since the petitioners
own 100% of the property within the boundary, the petition easily 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% of the number of record owners or the record owners of more than
SO% of the area within the PIO. There is only one owner in the PIO, who signed the petition.
Real Property Resources, Inc. owns J 00°/o of the land, so the petition passes both tests even
though it is required to pass only one.
The notarized signature on the Valencia petition was validated by a visual review.
EXHIBIT A 0
Exhibit "I"
PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE
IMPROVEMENTS TO VALENCIA
TiiE STATE OF TEXAS §
t
CITY OF LUBBOCK §
TO: THE HONORABLE MAYOR AND CITY COUNCll.. OF mE CITY OF LUBBOCK:
The undersigned petitioners (tbe "Petitioners''), acting pursuant to the provisions of
Chapter 372, Texas Local Government Code, as amended (the 0 Act"), request that the City of
Lubbock create a public improvement district (tbe "Di!trid") in tbe terrirory described in
Exhibit A allached hereto (lhe "Lancf') within lbc City of Lubbock. Texas (the "City"), and in
support of this petition the Petitioners would present the following:
Section l. Standing of Petitiogcrs. In compliance with the requirements of Texas
Local Government Code. Section 372.00S(b), as detemllned by the current roll of the Lubbock
Central Appraisal District, the Pedtionm constitute: (i) the owners of taxable real property
representing more dum SOt, of the appraised value of real property liable for assessment under
the proposal described herein, and fd) the record ownen of taxable real property that constitutes
mo.re than 5~ of the area of all taxable real property lbat is liable for assessment under such
proposal.
SecUoo 2. General nnh!m of the prgposed maintenance of the public immovemenf5.
The general nature of the proposed public improvements Js: (1) mainrenance of Parks and greens
together with any ancillary suuccu.res, feaawes or amenities such as playgrounds, athletic
facilities, pavilions, COIDIDUDity facWlles, i.rrisation. waltwaJS, ligbdng, fences, benches, trash
receptacles and my similar items located therein along with all necessary grading, drainage, and
similar Uifrastructure involved in the mainlenance or such parks and greeos; landscaping,
hardscape and irrigallon; and (ii) cosu of establishing, administering and operating the District
The improvemenlS associated with tbe Public lmprovemcat District arc a benefit to the affected
property and to the City of Lubbock because they visually enhance the area as well as provide a
common area for residents lo enjoy increasing the overall quality of life in the affected area.
Section 3. Estimated cost of the maintenance of the pmposeci public igrovemcnts:
Annual maintcnancc costs -S 18,000.
Section 4. Bouodarics. The proposed boundaries of the District arc descn"bed in
Exhibit A.
Section S. MelhQd of assessment An assessment methodology has been prepared
chm will address (i) how the costs of Ille public improvements paid for with the assessments are
assessed against the property in the Disuict, (ii) the assessments to be collected each year, and
(ill) reduction of the assessmenrs for c:osts savings (pursuant to the annual n:view of the service
plan for the District). Addidonally, a n:pon will be prepared showing the special benefics
acc:ming to property in the District and bow the costs of the public improvements are assessed to
0 EXHIBIT A 0
Exhibit 11 l"
property oo the basis of the special benefits. The result will be that equal shares of the costs will
be imposed OD property similarly benefited.
In assessing the mainienance of the public improvements, property will be classified
based OD the net baable value of the property.
The assessment methodology will result in each parcel payin1 its fair shme of lbe costs of
maintainioa the public improvements based on the special benefits received by the property from
dJe public improvements and property equally siruated paying equal shares of cbe costs of lhe
public improvements.
The annual budget is subject to review by City of Lubbock staff and final approval by the
City Council. 1be llDDUal assessments may be adjusted as a result of the City of Lubbock Slaff
review and Cty Cowu:il approval.
Sectiop 6. Aprtionment of Cost belween lhe City and tbe District. The City will
not be oblipted IO pmvide any funds to finance the proposed public improvements or maintaiu
the public improvements. All of the costs of the proposed public improvemems will be paid by
assessments or 1he property within the District and from other scnm:es of funds, if any, available
IO the developer of the Land.
Section 7. Manaaemegt of the DistricL The City will manage the District, or, to the
extent allowed by Jaw, the City may contract with either a DOD-profit. or a for-profit organization
to cmy out all or a part of the responsibilities of maoaging the District, including the day-to-day
management and administration of the DistricL
Sectiog 8. Adyisory board. An advisory board may be established to develop and
recommend an improvement plan IO the City Council of die City (the "City Council").
The slpers of this petition request the establishment of the District and this petition will
be filed with the City Sec:rewy in suppon of the creation of the Dislrict by the City Council as
ben:in provided.
[Signature oa following page]
LUB:!~
Dallu ICBWOO_I DOC
·2·
0 EXHIBIT A
Exhibit "I"
PETITIONERS:
Real Property Resources, Inc.
TIIE STATE OF TEXAS §
I
COUNTY OF LU»BOCK §
-Pn:sideot of Real Property Resources, Inc.
On this, the sdl day of April. 201 l, before me, the undersigned Norary Public, personally
appeared Drew Wegman who acknowledged that he is Vice-President of Real Property
Resources, Jae., and that he, in such capacity, being duly authorized so to do, executed the
foregoing petition f'or the purposes therein contained by signing bis name in such capacil}t.
IN WITNESS WHEREOF, I have hereu.olo set my hand and official seal.
Signaturt Pag~ for Pttition
0 EXHIBIT A
Exhibit "I"
EXBDITA
The Land
METES AND BOUNDS DESCRIPTION:
0
,\ 39.9-41 ,\CJlE iJt\CT OF L\ND srrua\TED IN nt\T CERTAIN 19!1.832 ACRE TR..\CT OF L\.~D RECORDED JN
VOUJ~IE 6937, P.\GE m OF nm REAL PROPERTY RSCORDS or: LUBBOCK COl"N'IY, INCLUDING LOT -18 OF
SPECIR.\ LUBBOCK SOlmlWEST, AN .\DDmON TO TifE crrv OF LUBBOCK, WBBOO:. COUNIY. TEXAS,
.\CCORDING TO THE ~l-\P 01 PUT THEREOF RECORDED IN Pl..\T AND DEDICATION NO. :!006044435 OF n1E
omcw. PUBLIC RECORDS OF LUBBOCK COUN'IY, AND LOCATED rN SECilON 28, BLOCK AK. LUBBOCK
COUN'IY, TEXAS,S.UD 39.941 1\CRE TIL\CT BEING FUR.THER. DESCRIBED BY METES AND BOUNDS AS FOU.OWS:
BEGINNING AT A 1/r' IRON ROD Mill C.\P MARKED "Sl'EVENS RPLS .. 339" SET IN Tim EAST LINE OF LOT .f.\,
SPECIRA WBBOCK SOIJJ'HWl:ST, AN ADDmON ro THE crrv OF LUBBOCK, LUBBOCK COUNTY, TEXAS,
ACCORDING TO TIIE MAP OR PL\T nlEJ\EOF UCORDED IN PLAT AND DEDICATION ·NO. 20066$4435 OP nm
omCL\L PUBUC IECORDS OF LUBBOCK COUNlY, AND s. 01• 49' 05• w. A DISTANCE OF 175.00 .FEI'
FROM 1llB SOlJTH\WSI' COINER OP TRACT A·1, A REl'LAT OF TRACT A. MONTEBEY CHURCH OF CHlUST
ADDmON, AN ADDmoN ro 11IE crrv OF LUBBOCK. WBBOCK COUNTY. TEXAS.ACCORDING TO nm MAP
OR PLAT TIIEJU!OFR!CORDED IN VOLUME 10299. PAGE 264 OPTHE OPFICL\L PUBUC RECORDS OF LUBBOCK ·
COUN'JY. FOR 1lE NORTHWEST CORND. OF nus TRACT, HAVING COORDINA'IES OP NOR.THING:
7,252.(179.142 AND EASTING: 916.'424.1'79, TEXAS COORDC>a'IE SY5l'EM. "IXNC ZONE "202. N..\D M (CORS 96).
WllEl"CE nm NC>lltHWEST CORNEil OP SECTION 28 BEARS N. 01• "9' 05• E. A DISTANCE OF UJOU1 FEET, N. 01•
54' 111' E. A DlSTANCE OP 55.00 FEET AND N. aa• 05' «J• VI. A DISl'ANCE OF Ila.fl PEET, PER C.u..tm
DJSTANCES IN SAID JUT OP l'llACF A-1 .o\ND JN PR!:VlOUS WARRANTY DEEDS RECORDED JN VOWMB 6937.
PAGES 17.C AND t780F mE REAL PROPERTY RECORDS OF WBBOCK COUNTY;
lllENCE S. Br Jt' ot • E., PAllAI.UL wnH lliE SOtrrH LINE OF SAID TRACT A·I (PREVIOUS RECORD C..W.:
EAS'I), AT A I>JS'l:AtotCE OF 1:!50.20 FEET PASS A 1/'E' IRON ROD WITH CAP MARKED "STEVENS RPLS 4339" SEl' IN
REFERENCE. CONTINJtNG FOR. A TOTAL DISTANCE OP 1282.20 FEET TO A l/r' DlON ROD Wl'l1I CAP MARKED
''STEVENS llPU -1339" SET IN nm EAST LINE OP SAID 199.132 ACR.£ nAcr FOR THE NOR.1HEAST CORNEil OP
TIUSTRACT;
'nlENCE s. 01 • 45" OS-W .• .U.ONG nlE. EAST UNE OF SAID 199.132 ACRE l'llACf (P'REVIOUS RECORD CALl: S. 1111°
OZ' 50" E.) AND 1llE CENTERLJNE OF IOI.A AVENUE AS DEDICATED BY 11IE PLA11 OP REGAL PMK,
.\CC01U)JNG TO nm NAPS OR. PUTS 1HEREOP RECORDED IN VOLUME &405, PAGE 216 AND VOLUME 10114,
PAGE 58 OP THE OFFJCL\L PUBUC RECORDS OF LUBBOCK COUNIY, A DISTANCE OF mn FEET 10 A PK
NAU. AND WASHEil fOUND AT nm NORntEAST COllNEll OF nL\T CERTA'JN TRAcr OF LAND CONVEYED
TO Llr"BBOCX LAND JNVESThlENTS I, LP llECOllDED IN VOLUME l°"69, PAGE 124 OF nE omOAL PUBLIC
llEC01U)S OF LUBBOCKCOUN'lY,FOR. nm sotnHEASl"COR.NER OFnns TIV.CT;
THENCE N. Br 10' OS .. w .•• UONG mE NOR.nl LINE OF SAID LUBBOCK 1..\ND INVESTh~'lS I., LP 11\;\Cf, AT A
DISTANCE OF 3100 FEEi' PASS A l/'Z" IRON ROD WITH CAP MAJlJCED "ff. llEED & ASSOCS" FOUND.
CONTINUING fOR. A 10TAL DISTANCE OF 111Lll FEET (PREVIOUS RECORD CAll: N. Br CW 50• W., 1111.31
FF.El) lO A I /2" IRON ROD wrm C..\P MAR.KF.D "H. REED le ASSOC".5"' FOUND R>R. A C:OR."llF.R OF nus TRACT;
THENCE N. 01• 48' .. s· E.. ,\LONG " PORTION OF nm NOR.'Jlf LINE OF SAJD LUBBOCK 1.-\.'llD l.'1\'ESn(ENTS I,
LP nucr, A DIStANCEOF 1"6.lt FEET (PRE\'JOUS RE.CORD c.~ N. 01• 41' 13• E., , .. 6.21FEEl)TOA1/'E' ntON
ROD wrra C.-\P M.W<F.O ·K REED ac ASSOCS" FOUND FOR A CORNER OF nus T1l.\CI';
nlENCE N. u• 09' ..,. w .• ALONG niE NOR'llf UN£ Of SAID WBBOCK Lau.ID INV£STMEN'l'S I, LP TitAcr, A
DISTANCE OF tff&.OS FEET (PREV10US RECORD C.~ N. 88• lO' .43• W., 1'467.16 FEET) 10 A l/r' IRON ROD Wl'lli
CAP M:\RKED "lt"'TEVENS RPl5 Ult" SET IN 'l'HE EAST RlGfiT·OF·WA\0 UNE OF MILWAUKEE .\VENUE, AS
DESCJUBED IN DEED RECORDF.D IN VOWME 9735, PAGE 3-19 Of TI-IE omcw. PUBUC RECORDS OF
LUBBOCK COU!l!Tt', FOR nE SOlilllWEST CORNER OFTillS TR•\L"T;
nCENCE N. O\• <41' I ... E., .\LONG nm Ei\ST RJGtn".Of·WAY U.'IE OF MILW.\UKF.E .\VENUE (Plll:.'VIOVS
RECORD CALL N. 01° .. ,. sa-E.)," DISTANCE OF 29100 FEET10 A s11• ntoN ROD FOUND AT THE SOUlllWEST
CORNER. OF 'JR.\CT"' W.\L\L\RT SL'PEllCENTER. .\N ADDITION ·ro nm cm OF LUBBOCK., ACCORDING TO
'l'HE M.\P OR PL\T nlEREOF RECORDED IN PLAT ,\ND DEDICATION NO . 2006024'09 OF nfE OFFICL\L PUBLIC
RECORDS OP l.t;BROCK COUN'l"\', FOil TirE ~ST Wl":!t"TERLY SORTI IWE:,"T CORNER OF 'n US 11\AC.T;
A-1
0 EXHIBIT A 0
Exhibit "I"
lllENCE s. aa• f# s..· E., ALONG nlE sourn LINE OF S.\JD TR.\cr A. A DIST • .\NCE OF 915.02 fEET (PREVIOUS
RF.CORD C..\U.: s. ... ID' 10" E.. !114.93 f"EE'l) TO A s11· 1RoN R.OD WTllJ C.o\P 1-L\RKED ·cuNAW.\Y • .\SSOC, INC"
FOUND AT THE sotmJEAST' CORNER. OF SAID TlL\CT ,\ .U..'D TI IE SOU111WESJ' CORNER OP LOT 48 OF SAlD
SPECTP.A LUBBOCK SOl!l"liWEST, FOR.\ COINER Of nftS TR.\CT;
1llENCE N. 01• .ff so• E.. ,\J.ONCi 'filE co:.L\tON LINE OF SAID TR.ACT A AND LOT "8, ,\ DIST.-\NCE OF llll.S9
FF..£r (PRE\10US RECORD C..\U.: N. 01• -49' 50" E., l8271 FEE1) TO A l/r DI.ON ROD wml C...\P MARK.ED
"STE\"ENS RPLS .. 3Jr SET AT TiiE WEST COM.\JON CORNEJl OF S.\ID LOTS 4A AND -IB FOil A CORNEil OFnRS
'TRACT,;
TIIENCE S. u• 10' 10• E.. ALONG THE COMMON UNI! OF SAID LOTS ·l:\ AND 49, A DISTA.~ OF 381.52 FEET
~ous RECORD ~ s. Br 10' 10• E.. 311.47 FEET) TO A I tr lllON ROD WJTH CAP MARKED "STEVENS
RPlS 4339" SET ATnlE EAST COMMON CORNEil OF SAID LOTS 4A ,\NO .f8 f'Oll .\CORNER OFnIJS TRACT;
THENCE N. 01• 49' 05" &, A.LONG THE EAST LINE OF SAID LOT 4A (PREVIOUS ll£COR.D Ci\LL:
1-&• E.), A DJSTANCEOF 2'71.71 FEET TO ntE POINTOF BEGl!>."NING.
A·2
N .01°-19'
April 8, 2011
Cheryl Brock
0
City of Lubbock, TX
1625 13 111 Street
Lubbock. TX 194S1
EXHIBIT A
Exhibit "l"
~
BETENBOUGH
-HOH ES-
Re: Valencia, Public Improvement Disaict
Dear Honarable Mayor and City Council;
0
Valencia is a resid.endal development within the city limits of the City of Lubbock botmd
on the west by Milwaukee Avenue. the eat by Iola A venue, the north by Mooterey
Church of Cbrlst, aod the south by The Tnila at Regal Puk. We are proposing to create
a Public Improvement District "PJD" to maintain the public improvements for ValenciL
ID order to comply with the "Public Improvement District Policies and Guidelines", we
are providing information as required in Section III. "Guidelines", b. "Petition
Requirements". We arc providing information regarding items S-16, as follow:
S. If the there is sufficient support to petidon to dissolve the Public Improvement District
certain requirements iD addition to sufficient support must be met in order to disaolve the
Pm. Those requirements include arransements to transfer ownership and maintenance of
the City owned and PID maintained property. These ammaements are to be made by the
Advisory Board and with fUnds available to the Advisory Board.
6. Map of the mea is attached to this email to be added to the petition.
7. In regards to the procedure for the nomination of the PID Advisory Board, the process
shall be consistent with the bylaws for Public Improvement Disbicts for the City of
Lubbock.
8. Addressc:d in Section 2 of the petition.
9. City owned land in the distinct will be "Tract A &: Tract B, Valencia, an addition to
the City of Lubbock".
IO. General description of proposed improvements in Section 2 of the petition.
I I. The estimated totaJ cost of the improvements is $200,000.00 and will be paid by
developer with no desire for any reimbunemenL The estimated cost of the maintenance
is S 18,000 per year and is to be paid for by the PID as soon as the funds are available.
12. Budget is attached in the service plan.
EXHIBIT A
Exhibit "l"
BETENBOUGH
-HOHES-
13. Method of assessment will be base on the net taxable \lllue of the affected properties
and will be assessed at S. l l per S 100.00 valuation.
14. Documeoratioa of liability insurance will be attached to this letter
t'
IS. Addressed in Section 6 of the petition
16. Addlcssed in Sections of the petition
Hopefully this will provide all of the information requested to continue with the creation
of the Pm. Please let me know if you have any questions or require any additional
information.
~~
Community Development
Betenbaugh Homes
EXHIBIT A
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0 EXHIBIT A
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c:Jesolution No. 2011-R0310
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) EXHIBIT A 0 Resolution No. 2011-ROJlO
Exhibit "2"
The Land
METES AND BOUNDS DESCRIPTION:
1\ .39.941 AC:RE TRACT OF LAND SITUATED IN Tl IAT CliRTAIN 199.8.31 ACRE TRACI' OF LANO Rl!C:ORDlm IN
\'OLUMI! 6937, PAGE 174 01: THE REJ\L PROPERTY RECORDS 01' LUBBOCK COUN1Y, INC.UDING I.OT 48 OP
SPF.Cl'IL\ LUBBOCK SOU11 !WEST, AN ADDITION TO TllE C:ITY OF LUBBOCK, l.UBBOCK COUNlY, 11~XAS,
ACCORDING TO Tl n:: MAP OR Pl.AT 11 mREOI" RECORDED IN PLAT AND DRDlw\TION NO. 20060#l35 ot: ·11 m
OFFICIAL PUBl.IC: Rl~CORDS or l.UBBoc:K COUNlY, AND LOC.ATEO IN SfiCTION :!8, Bl.OC-.K 1\K, LUABOCK
COUNTY, 'ffiX,\S, SAID .39.9-U ,\CRE 1ll:\CT BmNO FURTI lllR Dl!SClUBliD BY METES 1\ND HOUNDS AS r-OIJ.OWS:
BEGINNING AT 1\ 1/2" IRON ROD WITI I CAP ~L\RKED .. STEVENS RPl..S 4339" sm' IN 11 IE l!.,\ST LINE or LOT -IA,
SPl!CTilA LUBBOCK SOU111wm,1, AN ADDmON TO Tl m crrv OF LUBBOCK. LUBBOCK C:OUN1Y, 'l'HXl\S,
ACCORDING TO '11 m. MAP Oil Pl.1\T n mREOF RE.CORDED IN Pl.1\T ,\ND DEDICATION NO. 2()()61)44435 OF ·n IE
OITTCIAL PUBLIC RECORDS OF l.UBBOCK COUNlY, AND S. 01• 49' os• W. A DIST1\NCE OF 175.00 l;El:.T
1:aoM 'nlE SOUll lwro:ST C:ORNl!R OF TRACT A-1, A REPl.i\T OF '11L\CT A, MONTEREY CllURCll or CllRJST
ADDITION, AN .r\DDrnON TO Tl IE CITY or LUBBOCK, LUBBOCK COUN1Y, TEXAS, 1\CCORDINO TO ·nm MAP
OR. Pl.i\T 11 IE.RE.OF llllCOROl~D IN VOLUME. 10299, PAGE. 264 OF Tl U:. OIJFICIAL PUHi.iC llllCOROS Of' LUBBOC.K
COUNTY, FOR nm NOR.111WEST <:ORNER. OF TlllS 11L\CT, llAVING COORDINATES Of' NOR.TIJING:
7,252,079.1142 AND EASTING: 916,426.179, 'l'IDCAS COORDINATE SYS11?M, TXNC ZONE. 4202, NAD Bl (CORS 96),
WllliNCETIIE NOR'lllWES'l'CORNER OF SECTION 28 BE.ARS N. ot• 49'05• B. 1\ DISThNCE OP 1001.91 FEIIT, N. 01°
S4' 10" E. 1\ DISTANCE ot• 55.00 FEET AND N. sa• OS' 40• W. A DISTANCE. OF 13Go.47 FEET, PER Ci\U.ED
DIS'fl\NCES IN SAID Pl..1\1' OF11L\CT 1\-t AND IN PREVIOUS Wl\IUlAN"IY DEEDS RECOR.OED IN VOLUME 6937,
PAGES 174 AND 178 OF nm REJ\J. rROPER.'lY RECORDS OF LUBBOCK COUNTY:
111E.NC:E. S. BB0 11' 01" R., PARl\J.Ll!I. Wnll '111E SOU'l11 IJNE. OF SAID TRJ\CT A·I (PREVIOUS RE.CORD CALI.:
r:.1\S'l), AT,\ lllS1'1\NCE or: 1250,20 ·~ET MSS A t/'r' IRON ROD WTill C,\P M1\RKED "STE.VF.NS Rrl..S 039'' S~l" IN
REJ:l~Rr:.NCE, CON11NUING f.OR A TOl'AL DISTANCE OF 1282...?() FEl:.T l'O A 1/2" IRON ROD wm I C,\P MARKED
"SlnVC!NS RPl.S 4339" Sir!' IN Tl II! r:.AS1' J.INE. OF SAID 199 832 ACRE TRACT FOR ·nm NOR11 l~rr CORNER OF ·n llS 11L\CT;
·n mNCI! s. 01• 45• os• w., ALONG Tl m l?AS'f LINE OF SAID 199 832 ACRE TRACT (PREVIOUS RE.CORO CALL: s. 009
02' so· E..) AND nm Cl!NTERJ.INE or IOI.A AVr:.NUE. AS DEDICATED BY ·1111:. PLA1'S or REGAL Pl\R.K,
,\C:C:ORDINO 1'01111! P.L\PS OR PLi\TS Tl ll!Rf:Or RECORDED IN \'01.U~IF. 8405, Pl\QE 286 AND VOl.UME. 10114,
PAGE SB or: 11IE OFFICIAL PUBl.IC RECORDS OF 1.UBBOCK COUNTY, A DISTANCE OF 991.97 rmrr 'l'O A PK
NAU. AND WASlmR FOUND A'l' 1·11n NOR"nlEASr CORNHll OF n lAT CERTAIN 1'1tACT 01: LAND CON\'RYHD
'l'O LUBBOi.K LAND INVl!SThlENl'S I, IJ> Rl~CORDED IN VOLUME 10469, PAGE 124 017 11 IE OFFIC:IAL PUBl.IC
RECORDS 01 1 l.UBBOCK COUN"IY, l:OR 11IESOU'n11!..\ST CORNl!R OF Tl llS 11L\CT;
'IHENC:E N. sa• 10' 05• w .• Al.ONG 11 m NOR'n I J.lNE or SAID l.UBBOCK LAND INVE.•m.mN1'S I, IJ> TRJ\Cl', A1· A
DISTANCE or: 3200 FEl:.T PASS A 112· IRON ROD wrm CAP 1.L\RKftD "11. REED & 1\SSOCS" FOUND,
CONTINUING FOR 1\ 1'0TAI. DISl'ANCE 01: 1118.38 FER'l' (11RE.VIOUS RE.CORD C:ALL: N. 88" 09' so• W., 1118.38
i:m;;t) TO A 112· IRON ROD WITI I w\P MARKED "11. REED & J\SSOCS" FOUND r-oR 1\ CORNE.R or 11115 TRACI';
11 IENCE N. 01• 4r 45• H., ALONG " PORTION 01: 11 m NORTI I l.JNE OF Sl\ID LUBBOCK l.1\ND INVfiSTME.NTS I,
l.P Tlll\Cf, I\ DISl'AN<:E 011 146.21 11Rlrl' (PREVIOUS R.EC:ORD C:1\JJ.: N. 01° 48' U-E., 146.21 FEE1) TO A 112• IRON
ROD WlTI I CAP MAR.Kl!D .. 11. REED & ASSOCS" FOUND FOR A CORNER OF Tl llS "flli\CT;
111llNCfi N. BB0 ()IJ' 49" w., 1\l.ONG 11m NOR111 LINfi Of s,\ID l.UBBOCK l.1\ND IN\'61'MENTS I, LP Tlll\CI', ,\
DIS'l'i\NC:E 01: 14611.08 l'mrr (PRl~'IOUS REC.ORO w\IJ.: N as• 10' ·W w., 1-167.86 l·ltE'IJ 1'0 A l/l" IRON ROD wm I
r.AP l\L\RKllD "STl~'ENS Rrl.S 4339" Sl~T IN 'lllE E.\ST RIGI fl'.QF.w,w l.INE. OF MIJ.WAUK!m 1\VENUE, 1\S
Dl~RIBfiD IN DI.mo RE<:ORDHD IN VOLUME 9735, PAGI~ 349 or: '11 IF. OFFICIAL PUBl.IC RHC:ORDS OF
1.UBBOCK C:OUN'IY, l·'OR.11 IE SOlFl1 IWE.ST C:ORNfiR 01: Tl I IS 'l"JL\CT;
·nmNC:~ N. 01° 43' 17" rt, .-\I.ONG 1111! r:.;\ST RIGlll'-OFW.W JJNI! ot: ~lll.W1\U~W. A\'ENUI~ (PRE\'JOUS
RECORD C'.1\IJ.: N. 01• oil' SB" E..), 1\ DISl'ANC:I~ OP 292.00Fl!IIT1'0 A SW IRON ROD FOUND AT '1111! SOUTllWESI'
C:ORNER OF TRACI';\, W,\LMART SUPERCENTl~R., AN 1\DDl110N 1'011 IE crrv OF LUBBOCK, 1\CCORDING TO
l'I m ~L\P OR Pl.A'!' 'l'l IE.REOP RHC:ORDED IN Pl.1\ 1' ,\NO DEDICATION N0.1000024909 or: TI m OFFICIAL PUBIJ<:
RJ:CORDS OF l.UB80C:K COUNIY, l:OR 11 m Mosrwr:.Sl'ERJ.'l' NORll IWES1' C:ORNuR or-11115 TRACT;
A·l
0 EXHIBIT A 0
·11 mNC:H s. sr 09' 5"" It, Al.ONG 11 m SOU'Jl I J.INH 01: S.:\ID 1'R:\c:T A, ;\ DIS'l';\NCI~ 01: 915.02 i:m~r (l'Rl!\'IOUS
RJ~CORD C:.:\l.L: s. as• 10' 10" It, !>14.93 1:im·1) ·ro ,\ 5/8" IRON ROD \Vl11 I C:AP i\l,\lumo "OUN,\\"t11W ;\SSOC, INC"
FOUND 1\"1'1111~ SOUTll~~,. CORNHR OF SAID 1'R:\CT" ,\ND nm SOLrl11Willff CORNER OF 1.01· .f8 or: S1\ID
SPECl'Ri\ LUBBOCK SOlTl'l IWllST, l:OR A CORNER OF 11llS11L\CI';
11m.NC:R N. 01• 49' SO" It, ;\LONG ·11m COMMON l.INI~ OF SAID TRACI.;\ ,\ND 1.crr .fB, :\ DISl'.\NC:f. Ofl 282.59
M~ln' {Pllli\'IOUS RHCORD CAIJ.: N. 01° 49' 50" It, 28:!.78 Fl!ln) TO;\ l/l9 IRt.lN ROIJ wm1 C::\P i\11\RKllD
"S'l'E\'ENS RJ'l.S 4339" SET .rr ·nm \VE.\,. C:OMMON CORNl!R 01: SAID l.O'l'S 4,\ .\ND 48 FOR" C:ORNRR oi: 11 llS
1R\CT;
'llltrNCE s. 88° 10' 10" 11., ;\I.ONG 11 II:: COMMON 1.INH OF S1\ID l.O'l'S 4,\ .\ND 48, ,, DIS'J'.\NCH 01: 388 .52 1=m~1'
{PRH\'JOUS RltCORD C:.\IJ..: S. 88" 1a 10" I!., J8U7 l:filrl) TO A 1/2" IRON ROD \Vl11 I C:.\P MARKED "S'l'H\'HNS
RJll.S 4339" sm· ,,,. 11 m ll.:\ST COMMON CORN HR OF S,\10 J.OTS "'' AND 48 1=0R 1\ CORNHR OF '11 IJS TR.\C:I';
'IHHNC:H N. Ol" 49' OS" I~ • .\LONCi 11 m HAS!' l.INll or: SAID I.OT 4A (l'Rh"\'IOUS RECORD (".;\IJ.:
14" 1q, A DISTANCH OF :m.111:1m:rTo Tl m l'OINT OF PEGINNINO.
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EXHIBITB
VALENCIA PUBLIC IMPROVEMENT DISTRICT
CITY OF LUBBOCK, TEXAS
SERVICE AND ASSESSMENT PLAN
August 11, 2016
Section I
Section II
Section III
Section IV
Section V
Section VI
Exhibit A
Exhibit B
Exhibit C
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
August 11, 2016
TABLE OF CONTENTS
Plan Description and Defined Terms
Property included in the PID
Improvement Project
Sources and Uses of Funds
Assessment Plan
Terms of the Assessments
List of Exhibits
The PID Map
Maintenance and Services
Assessment Roll
1
A. Introduction
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
August 11, 2016
Section I
Plan Description and Defined Terms
Chapter 372 of the Texas Local Government Code, Improvement Districts in Municipalities and
Counties" (as amended, the "PID Act"), governs the creation of public improvement districts
within the State of Texas. The City of Lubbock created the Valencia Public Improvement District
(the "PID") to maintain the public improvements associated with the Valencia planned
development and for the benefit of certain property in the PID, all of which is located within the
City. (Capitalized terms used herein shall have the meanings ascribed to them in Section l.B of
this Service and Assessment Plan.)
This Service and Assessment Plan has been prepared pursuant to Sections 372.013, 372.014,
372.015 and 372.016 of the PID Act. According to Section 372.013 of the PID Act, a service plan
"must cover a period of at least five years and must also define the annual indebtedness and the
projected costs for improvements. The plan shall be reviewed and updated annually for the
purpose of determining the annual budget for improvements." The service plan is included in
Section IV of this Service and Assessment Plan.
Section 372.014 of the PID Act states that "an assessment plan must be included in the annual
service plan." The assessment plan is described in Section V of this Service and Assessment Plan.
Section 372.015 of the PID Act states that "the governing body of the municipality or county shall
apportion the cost of an improvement to be assessed against property in an improvement district."
The method of assessing the Costs of the improvements to the property in the PID is included in
Sections V and VI of this Service and Assessment Plan.
Section 372.016 of the PID Act states that "after the total cost of an improvement is determined,
the governing body of the municipality or county shall prepare a proposed assessment roll. The
roll must state the assessment against each parcel of land in the district, as determined by the
method of assessment chosen by the municipality or county under this subchapter." The
Assessment Roll for the PID is included as Exhibit C of this Service and Assessment Plan. The
Assessments as shown on the Assessment Roll are based on the method of assessment described
in Section V of this Service and Assessment Plan.
The City Council shall make all determinations necessary herein.
The City Council intends for the obligations, covenants and burdens on the owner of the Assessed
Property, including without limitation such owner's obligations related to the payment of the
Assessments, to constitute a covenant running with the land . The Assessments levied hereby shall
be binding upon the owners of Assessed Property, and their respective transferees, legal
representatives, heirs, devisees, successors and assigns. The Assessments shall have lien priority
as specified in the PID Act.
2
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
August 11, 2016
This Service and Assessment Plan provides for maintenance of improvements benefiting the entire
area of the Valencia PID
B. Definitions
The terms used herein shall have the following meanings.
"Annual Service Plan Amendment" has the meaning set forth in the first paragraph of Section IV
of this Service and Assessment Plan.
"Assessed Property" means, for any year, parcels within the PID.
"Assessment" means, with respect to each Parcel, the assessment imposed against such Parcel
pursuant to the Assessment Ordinance and the provisions therein, as shown on the Assessment
Roll, subject to reallocation among Parcels and reduction according to the provisions herein and
the PID Act.
"Assessment Ordinance" means the Assessment Ordinance approved by the City Council
approving and adopting this Service and Assessment Plan.
"Assessment Roll" means the document included in this Service and Assessment Plan as Exhibit
C, as updated, modified, or amended annually in accordance with the procedures set forth herein
and in the PID Act.
"City" means City of Lubbock, Texas.
"City Council" means the duly elected governing body of the City.
"Costs" mean the actual or budgeted costs, as applicable, of all or any portion of the maintenance
of the public improvements, operation, and other supplemental services, as described in Exhibit B
of this Service and Assessment Plan.
"Developer" means Betenbaugh Homes, Inc.
"Improvement Project" means the maintenance of the public improvements that will provide a
special benefit to the property in the PID and described in Exhibit B of this Service and Assessment
Plan and Section 3 72.003 of the PID Act.
"Parcel" means a parcel identifed by either a tax map identification number assigned by the
Lubbock County Appraisal District for real property tax purposes or by lot and block number in a
final subdivision plat recorded in the real property records of Lubbock County, Texas or identified
by any other reasonable means determined by the City Council.
3
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
August 11, 2016
"PID" has the meaning set forth in the second paragraph of Section I.A of this Service and
Assessment Plan.
"PID Act" means Texas Local Government Code Chapter 372, Improvement Districts m
Municipalities and Counties, Subchapter A, Public Improvement Districts, as amended.
"PID Map" means the map included as Exhibit A to the Service and Assessment Plan identifying
the property included in the PID.
"Service and Assessment Plan" means this Service and Assessment Plan prepared for the PID
pursuant to Section 372.013, 372,014, 372.015, and 372.016 of the PID Act.
Section II
Property Included in the PID
The PID is located in the City of Lubbock, Texas. A map of the property included in the PID is
shown on Exhibit A to this Service and Assessment Plan.
The 39.9 acre development is expected to consist of approximately 80 residential units, parks and
associated rights of way, landscaping, and infrastructure.
An explanation of the method of assessing property is included in Section V.
Section III
Description of the Improvement Project
The general nature of the proposed public improvements is: (i) maintenance of Parks and green
spaces together with any ancillary structures, features or amenities such as playgrounds, athletic
facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles
and any similar items located therein along with all necessary grading, drainage, and similar
infrastructure involved in the maintenance of such parks and green spaces; landscaping, hardscape
and irrigation; and (ii) costs of establishing, administering and operating the District. The District
is to supplement and enhance services within the District, but not replace or supplant existing City
services provided within the District.
The public improvements will be constructed by the Developer with no reimbursement from the
PID. After analyzing the maintenance, operation, and other supplemental services related to the
Public Improvements, the City has determined that the maintenance of the public improvements
authorized by the PID Act, shown in Exhibit B, should be performed by the City and has further
determined that these maintenance activities will be of special benefit to all the Assessed Property
within the PID.
4
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
August 11, 2016
A. Maintenance of Public Improvements
The total estimated cost of services provided by the District is approximately $24,592 over the
next five years. The estimated annual cost rises from $4, 725 in FY 2016-17 to $5, 117 in FY 2020-
21. The District shall not incur bonded indebtedness. The costs are based on a proposed assessment
rate of $0.11 per $100.00 of valuation through year 2020. The budget for the maintenance,
operation, and other supplemental services will be determined annually by the City and will be
included in a Service Plan Amendment along with amendments to the Assessment Roll reflecting
assessments (the "Maintenance Assessment") based on such budget for maintenance, operation
and necessary supplemental services.
Section IV
Sources and Uses of Funds
Section 372.013 of the PID Act requires this Service and Assessment Plan to "cover a period of at
least five years and must also define the annual indebtedness and the projected costs for
improvements. The plan shall be reviewed and updated annually for the purpose of determining
the annual budget for maintenance." Such annual update to this Service and Assessment Plan is
herein referred to as the "Annual Service Plan Amendment." The Valencia PID will have no
indebtedness and the PID assessments will fund the maintenance of the public improvements,
operation, and other supplemental services. The table below shows estimated sources and uses of
funds including the projected cost of maintaining the public improvements.
Calendar YearA
Propeny Values•
Discounted Property Values@ 90%
Fiscal Year Re\·enues
Interest Earnings
Assessment @ SO. I I
Total
fapense
87th Street Park "Tract A" 1.13 Acres
Maintenance or Park
87th Street Median "Tract B" .07 Acres
Maintenance of Median
Electric Costs
Administrative Costs
Annual Operation Cost
(LCAD Collection Cost and Cost or
setting assessments each year}
Total
Cash Resen·e
2015 2016
10,397,559 12,821 ,128
I 0,397,559 11,539,015
2015-16 2016-17
71
10,620 12,693
10,620 12,764
2,092 .. 725
3,400 4,000
5,492 4,725
14,227 22,266
2017 2018
13 ,077,55 I 13,339,102
11 ,769,796 12,005,191
2017-18 2018-19
Ill 153
12,947 13,206
13,058 13,358
740 754
4,080 4,162
4,820 4,916
30,505 38,947
The sources and uses of funds table is subject to revision each year.
5
2019 2020 Totals
13,605 ,884 13 ,878,001 s 13,878,001
12,245 ,2 95 12,490,201 12,490,20 I
2019-20 2020-21 Totals
195 238 768
13,470 13,739 76,674
13,665 13,977 s 77,442
769 785 5,865
4.245 4,330 24,216
5,014 5,117 S 30,084
47,597 56,457 s 56,457
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
August 11, 2016
Section V
Assessment Plan
The PID was created and the assessment is being levied pursuant to Section 372.015 of the PID
Act, "Determination of Assessment."
A. Allocation of assessment
• Properties will be assessed based on the City's 2016 "net taxable value" as established by
the Lubbock Central Appraisal District and submitted to the City under Tax Code Section
26.04.
• Assessment will be $0.11 per $100 valuation
• All property will be assessed based on the final 2016 "net taxable value".
Section VI
Terms of the Assessments
The annual assessment for each parcel within the PID shall be shown on the assessment roll. The
amount of the assessment could change each year when the Service and Assessment Plan are
adopted due to increased value on a parcel or the estimated cost of maintaining the public
improvements, repair or replacement costs, and operational or administrative costs.
6
EXHIBIT A
au
ll!lli).
~~ Cityofk Luboo~XAS
Calendar Year"
Property Values*
Discounted Property Values @ 90%
Fiscal Year Revenues
Interest Earnmgs
Assessment @ $0 11
Total
Expense
87th Street Park "Tract A" I 13 Acres
Mamtenance of Park
87th Street Median "Tract B" 07 Acres
Maintenance of Median
Electric Costs
Administrative Costs
Annual Operatmn Cost
(LCAD Collectmn Cost and Cost of
setting assessments each year)
Total
Cash Rrserve
• Property Value growth rate = 2% annually
Actual
2013
5,874,545
5,874,545
2013-14
-
6,462
6,462
-
-
-
40
3,268
3,308
3,861
2014 2015
7,016,364 10,397,559
7,016,364 10,397,559
2014-15 2015-16
- -
8,580 10,620
8,580 10,620
- -
--
- -
5 2,092
3,337 3,400
3,342 5,492
9,100 14,227
EXHIBIT B
City of Lubbock, TX
Finance Department
Valencia PID
2016 Service Plan
Proposed
2016 2017
12,821,128 13,077,551
11,539,015 11,769,796
2016-17 2017-18
71 Ill
12,693 12,947
12,764 13,058
--
--
--
7'.!5 740
4,000 4,080
4,725 4,820
22,266 30,505
2018
13,339,102
12,005,191
2018-19
153
13,206
13,358
-
-
-
754
4,162
4,916
38,947
" Year that the constructmn value goes on the tax roll
Assessment Information
2010-2020
Assessment per $100,000
87th Street Park "Tract A"
Maintenance of Park**
87th Street Median "Tract B"
Maintenance of Median••
Shall include weekly lawn care, weekly cleaning, fertilizer, preemergent, tree trimming, replacement of plants,
upkeep of structures , maintenance of irrigation system and ground cover
Shall include weekly lawn care, weekly cleaning, fertilizer, preemergent, tree trimming, replacement of plants,
upkeep of structures, maintenance of irrigation system and ground cover
7/28/2016,Valencia 2016 Service Plan
2019 2020 Totals
13,605 ,884 13 ,878,001 $ 13 ,878,001
12,245,295 12,490,201 12,490,201
2019-20 2020-21 Totals
195 238 768
13,470 13,739 76,674
13,665 13,977 $ 77,442
- - -
- - -
- - -
769 785 5,865
4,245 4 ,330 24,216
5,014 5,117 $ 30,084
47,597 56,457 $ 56,457
City of Lubbock, TX
Finance Department
Valencia Public Improvement District Assessment Roll
As of January 1, 2016
Exhibit C
2016 Markrt 2016Taxable 2016 Estim1ted
Properly ID Owner Name M1iling Address E:s.emetions Proeertl Address Legal Descri(!fion Value Value Assessment•
R311J354 BRASELTON JEFF & DEBRA A <>I 13 KITH ST 6113 K7TH ST. LUBBOCK. TX 79424 VALENCIA L 13 s 451.4% 451_.l'J(t 41J7
LUBBOCK. TX 79424
R3274'1i2 COCKRELL, DEVON DBA COCKRELL HOMES 6126 86TH ST , LUBBOCK, TX 79424 VALENCIA L 43 4~.U.20 .J .\11211 511
2111K JADYN LANE
CLOVIS, NM KK Jill
RJ 19367 CONSER RUSSELL H & 6112 KITH ST HS 6112 K7TH ST. LUBBOCK. TX 79424 VALENCIA L26 JI 1,175 JI 1.171 342
ELISABETH LUBBOCK, TX 79424
R327444 COTTEN MICHAL CASEY & 5501 3KTH ST 6 I JO K<•TH ST. LUBBOCK. TX 79424 VALENCIA L 3; H .5Kl .. n.~~'.! 4K
HOLLY BETH LUBBOCK, TX 7'J407
R327493 DANIEL AARON HOMES OF WEST (,.122 JOLIET A VE K(,O I KIRBY A VE LUBBOCK. TX 79424 VALENCIA L K4 .&1 .ll3 ..&2 ,!15 4 (,
TXLLC LUBBOCK. TX 79413-;427
R327506 DANIEL AARON HOMES OF WEST <'422 JOLIET A VE <•107 K<•TH ST. LUBBOCK. TX 79424 VALENCIA L 97 41 .0)5 -ll_Oj.) 45
TXLLC LUBBOCK, TX 79413-5427
R3193<14 EVANS SONIA C 61 IK K7TH ST HSOA 61 IK K7TH ST. LUBBOCK. TX 79424 VALENCIA L 23 3~2J~l 3)1.941 370
LUBBOCK. TX 79424
R327504 EVERGREEN FOAM INSULATION JUNIPER HOME COMPANY 6111 K6TH ST LUBBOCK. TX 79424 VALENCIA L 95 J<J ,rn1 .39,7-hJ 44
LLC 2321 IKTH ST
LUBBOCK. TX 7'J40 I
RJ l •lHl GORMAN DUSTY & IA Y K702 IRONTON AVE HS K702 IRONTON A VE. LUBBOC K. TX 79424 VALENCIA L 11 414 .. MIUi 42-IJUU. -1(11
LUBBOCK. TX 79424
R3274H5 GRIGGS, JONI 672112KTH ST 63115 K7TH ST, LUBBOCK. TX 79424 VALENCIA L 76 -1.JYJI ..4-1 ,l!>I 49
1702
LUBBOCK. TX 79407
R323451 HATCHETT WILLIAM G 5124K2ND ST K605 MILWAUKEE AVE, LUBBOCK. TX 79424 VALENCIA OFFICE PARK LI 5-16,713 s.tr..71l r.01
LUBBOCK, TX 79424
R3274K<• HILL STEVE INC 12IO N 15TH ST 6303 H7TH ST. LUBBOCK. TX 79424 VALENCIA L 77 +1 l9K .U,l'.Ut .. ,
WOLFFORTH. TX 793K2
R3 l93'i9 HO BINH T f,123 KITH ST llS 6123 H7TH ST, LUBBOCK, TX 79424 VALENCIA L IK 431.CJUJt .f.1 J.90H: 477
LUBBOCK. TX 79424
R3193M1 JACKSON JONA THAN A & 6114 KITH ST HS 6114 K7TH ST, LUBBOCK, TX 79424 VALENCIA L 25 .nlJ ,J.-1 5 429,341 -H2
AMANDAL LUBBOCK, TX 79424
City of Lubbock, TX
Finance Department
V~e ncia Public Improvement District Assessment Ro ll
As of January 1, 2016
Exhibit c
2016Mukrl 2016 Taublr 2016 Eslimalrd
Proprrly ID OwnrrNamr Mailing Address Excmelions Prof!rrll Address Le2al Dcscrif!lion Valur Value Assessmrnl •
R31'J355 JORDAN JAMES R & YVETTE 6115 KTTH ST HS 6115 K7TH ST. LUBBOCK. TX 7'!424 VALENCIA L 14 s 3K3 .<1I'°' 3H3 <ii'°' .. 22
LUBBOCK. TX 79424
R3193'ifi LANCET. WILLIAM H & RITA (1117 HTfH ST HS ,OA hi 17 H7TH ST, LUBBOCK, TX 79424 VALENCIA L 15 3~7.IJ·W J4l,.:!..(~ 37•
LUBBOCK. TX 7'!424
R31'J372 LEVENT FATMA & TANER ISTIFLI 540K 72ND ST 6111 M7TH ST LUBBOCK. TX 79424 VALENCIA L 12 41Kl ,J 02 41Kt.3112 HO
LUBBOCK. TX 79424
R3193-'9 LUSK COREY A & ROXANN K7 IO IRONTON A VE HS K7111 IRONTON AVE. LUBBOCK. TX 79424 VALENCIA L 7 J9l.HI 195 ,341 43!
LUBBOCK. TX 7'!424
R319351 MC DANIEL MICHAEL & K70(, IRONTON A VE HS K706 IRONTON A VE. LUBBOCK, TX 79424 VALENCIA L9 40J;SIJll .JOJ ,$1)1 4H
ROXANNE LUBBOCK. TX 7'!424-<Kll3
R317503 MOORE KELLY G & KATHY 'Mt7 S HOWELL ST 6113 M<.TH ST. LUBBOCK. TX 79424 VALENCIA L 94 40 ,Ull 40,111'.i 44
BROWNFIELD, TX 7'131<~670<
R319363 MURPHEY CHARLES R & LISA D 61WK7TH ST HS 61211 K7TH ST. LUBBOCK, TX 79424 VALENCIA L 22 lll1.1U6 lJD,~Ut1 11,)
LUBBOCK. TX 7'!424
R319344 NELSON BRAD A & JESSICA A 6103 K7TH ST 6103 M7TH ST , LUBBOCK. TX 79424 VALENCIA L2 J(dl,4Jtl )(111,401 3%
LUBBOCK. TX 79424
R3l'J361J ORSINI BERNARDS JR & SUSAN 610<1 HTfH ST HS 6 IOfi H7TH ST. LUBBOCK. TX 7•J424 VALENCIA L 2K 4)7.l<·l 437.<<,) a1
A LUBBOCK. TX 79424
R31934K RHOADES SHANNON & WENDEE K712 IRONTON A VE 115 K712 IRONTON AVE. LUBBOCK. TX 79424 VALENCIA L6 -H.&,072 .t 34 ,U7J H J
LUBBOCK. TX 79424-5K03
R319343 RITCHIE KERRY & STEPHANIE 61111 KTfH ST HS 6JOI K7TH ST LUBBOCK. TX 79424 VALENCIA LI JWt,114 1%,11 4 4J(i
LUBBOCK, TX 79424
R327447 ROTEN TIM REAL TY INC MYSTIQUE HOMES GI 16 H6TH ST. LUBBOCK. TX 79424 VALENCIA L 3K 40.5 ll 40.~Jl 4 <
114IO TOPEKA AVE
LUBBOCK. TX 79424
R3274"'9 ROTEN TIM REALTY INC ll410TOPEKAAVE 61211 H6TH ST. LUBBOCK, TX 79424 VALENCIA L 411 4J,t.w 43.toW 4K
LUBBOCK. TX 7'!424
R327451 ROTEN TIM REAL TY INC MYSTIQUE HOMES 6124 K6TH ST, LUBBOCK. TX 79424 VALENCIA L 42 44,570 44,5711 49
114 IO TOPEKA A VE
LUBBOCK. TX 79424
City of Lubbock, n<
Fi nanc e Department
Valencia Pub lic Improvement District As sess ment Roll
As or January 1, 2016
Exhibit C
2016 Markel l01 6 TaublC' 201 6 Est imaled
Pro~rty ID Owner Name Mailing Address Eume1ions Prof!!rtl Addrrss Lci,al ~nri(!lion Value V alue Assusmrn1•
RJ ICJJftO SHEN G JAM ES J & YING ZHANG 6 125 K7 TH ST HS 6 m K7 TH ST. LUBB OCK. TX 7'1424 VALE NCIA L 19 $ 326,(109 32(i.(t(l9 359
LUBBO CK, TX 79424
R3193"i0 SINGH DEEPINDER & TARNJOT SHERGILL HS K711K IRONTON A VE. LUBBOCK, TX 79424 VALENCIA LK J l2,7K4 3 11,7M4 J.1 4
K711K IRONTON A VE
LUBBOCK, TX 7'1424
Rl!7442 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 6I06 IU1TH ST. LUBBOCK. TX 79424 VALENCIA L 33 Slo.1411 lld411 (,'.!
DEV INC #STEA
LUBBOCK. TX 79413-lt>l.9
R327445 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE lol 12 Kr.TH ST LUBBOCK . TX 79424 VALENCIA L 36 l2JU.H') l2,M0(1 3<·
DEV INC #STEA
LUBBOCK, TX 79413-lllW
R327453 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE 6128 KGTH ST, LUBBOCK , TX 79424 VALENCIA L 44 l l.UJ 31 ,Kll 35
DEV INC #STEA
LUBBOCK. TX 79413-101•9
R3274S6 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE AVE loll4 Kr.TH ST. LUBBOCK. TX 79424 VALENCIA L 47 .n.11" 4')7N H
DEV INC #STEA
LUBBOCK . TX 7'1413-lOG'I
R327459 THE TRAILS AT REGAL PARK 4KllH KNOXVILLE A VE <•140 Hr.TH ST. LUBBOCK, TX 79424 VALENCIA L <II 4K .IU4 41 ,1().1 <l
DEV INC #STEA
LUBBOCK , TX 79413-lllW
RJ274<12 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE KlilHi KIRBY A VE, LUBBOCK. TX n4~4 VALENCIA L 53 <tU1 19 6 1.11 19 67
DEV INC #STE A
LUBBOCK . TX 79413-11169
R3274tiS THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE Klol2 KIRBY AVE. LUBBOCK. TX 79424 VALENCIA LSI, .u •. -1 21 4(1 .-lll 51
DEV INC #STEA
LUBBOCK. TX 794 I l-llllo9
R327473 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 6316 K7TH ST, LUBBOCK, TX 79424 VALENCIA L<o-l lD,1)-1-1 311 .944 J.l
DEV INC #STEA
LUBBOCK, TX 79413-IOW
R32747<1 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 6322 K7TH ST , LUBBOCK. TX 79424 VALENCIA L(,7 3 1.J<•i J l ,lf.O J.l
DEV INC #STEA
LUBBOCK , TX 79413-lll<o'I
RJ.27479 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE AVE lo317 KITH ST . LUBBOCK. TX 79424 VALENCIA L 711 Ju IJ2.IJ 30929 J.I
DEV INC #STEA
LUBBOCK. TX 79413-lf)(,9
R3274K2 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 6311 K7TH ST, LUBBOCK , TX 79424 VALENCIA L 73 )D ,IJ:?Y 311 .lJll) J.I
DEV INC #STEA
LUBBOCK, TX 794 I 3-lll69
R3274KK THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE Kio 11 KIRBY A VE, LUBBOCK. TX 79424 VALENCIA L 7'1 2S ,IUI ) ~5 .KK3 21
DEV INC #STEA
LUBBOCJ..:. TX 79413-1069
City of Lubbock, TX
Finance Department
Valencia Public Improvement District Assessment Ro N
As of January 1, 2016
Exhibit C
2016 Mnkrt 2016 Taxable 2016 Estimated
Property ID Owner Name Mailing Address Escmetions Prof?!rt2'. Address Legal Dcscrietion V1luc Value Assessment•
R327496 THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE <'127 K<iTH ST LUBBOCK. TX 79424 VALENCIA L H7 s 29,068 29,0(,8 n
DEV INC #STE A
LUBBOCK. TX 794IJ-41K•9
R3274''9 THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE Cil21 K6TH ST, LUBBOCK, TX 7ll424 VALENCIA L 90 J2.771 32,771 JC.
DEV INC #STE A
LUBBOCK. TX 7941J-411Co9
RJ27502 THE TRAILS AT REGAL PARK 4HOH KNOXVILLE A VE 6115 H6TH ST LUBBOCK. TX 79424 VALENCIA L 9J 28.319 2K.329 JI
DEV INC #STEA
LUBBOCK. TX 79413-411(19
R3275115 THE TRAILS AT REGAL PARK 4HOH KNOXVILLE A VE 6I09 H6TH ST. LUBBOCK. TX 79424 VALENCIA L96 21.5(,(, 27.56<1 JO
DEV INC #STEA
LUBBOCK, TX 79413-40<19
R32750K THE TRAILS AT REGAL PARK 4HOH KNOXVILLE A VE 6 IOJ H6TH ST LUBBOCK. TX 79424 VALENCIA L 'l'J 27,059 27,059 JO
DEV INC #STEA
LUBBOCK. TX 7941J-40Co9
RJ27441 THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE Colll4 H6TH ST. LUBBOCK. TX 79424 VALENCIA L J2 J7.J711 J7.J711 41
DEV INC #STEA
LUBBOCK. TX 794IJ-411Co9
RJ274<H THE TRAILS AT REGAL PARK 4HOH KNOXVILLE A VE 61JH H6TH ST LUBBOCK. TX 79424 VALENCIA L49 (11 .1511 (17 .7'10 7<
DEV INC #STE A
LUBBOCK, TX 7941J-41Ko9
R3274<1l THE TRAILS AT REGAL PARK 4HllH KNOXVILLE ~VE H6114 KIRBY A VE LUBBOCK , TX 79424 VALENCIA L52 39 102 39,102 4J
DEV INC #STE A
LUBBOCK, TX 79413-Hlfi9
R3274ft4 THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE H6111KIRBYAVE .LUBBOCK. TX 79424 VALENCIA L 55 <41137 54.1137 59
DEV INC #STE A
LUBBOCK. TX 7941J-41Ko9
RJ274r,7 THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE 6304 H7TH ST. LUBBOCK, TX 79424 VALENCIA L 5H 311,939 30,939 J4
DEV INC #STEA
LUBBOCK, TX 7941J-41169
R3274711 THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE (,J 111 H7TH ST LUBBOCK TX 79424 VALENCIA L Col 30,944 30,944 J4
DEV INC #STE A
LUBBOCK. TX 79413-40(,9
RJ2747H THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE 6319 H7TH ST LUBBOCK. TX 79424 VALENCIA L Co9 28 072 28072 JI
DEV INC #STE A
LUBBOCK, TX 7941J-411Co9
RJ274HI THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE 6313 H7TH ST. LUBBOCK , TX 7'1424 VALENCIA L 72 30,929 30,929 J4
DEV INC #STE A
LUBBOCK, TX 794 I 3-41169
RJ274H7 THE TRAILS AT REGAL PARK 4HllH KNOXVILLE A VE (,JOI H7TH ST LUBBOCK. TX 79424 VALENCIA L 7H 27,244 27,244 JO
DEV INC #STE A
LUBBOCK. TX 79413-411Ci9
City of Lubbock, Tl<
Finance Department
Valencia Public Improvement District Assessment Roll
As of January 1, 2016
Exhibit C
2016 Market 2016T11ublr 2016 Estimatrd
Property ID Owner Name Mailin~ Address Esrm(!tions Prol!rrtl Address Lr~al Drsrn(!tion Value Value Assessment•
R327-l'JO THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE KW7 KIRBY A VE _ LUBBOCK _ TX 79424 VALEN CIA L KI s 5H.2.W 5H.24.J 64
DEV INC #STEA
LUBBOCK. TX 79413-11169
RJ27501 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE 6117 H6TH ST. LUBBOCK, TX 79424 VALENCIA L 92 2H,5H5 2H,5H'i 31
DEV INC #STEA
LUBBOCK. TX 79413-1069
R327507 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE 6Jll5 K6TH ST. LUBBOCK. TX 79424 VALENCIA L 9K 26.3HO 2<i.3HO 2'!
DEV INC #STEA
LUBBOCK. TX 7'!413-111<.9
R327443 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE 6JOK K6TH ST. LUBBOCK. TX 79424 VALENCIA L 34 K0.532 Kll.532 K9
DEV INC #STE A
LUBBOCK. TX 79413-11169
R327.WG THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE 6114 K6TH ST. LUBBOCK. TX 79424 VALENCIA L 37 25,739 25,739 2K
DEV INC #STEA
LUBBOCK, TX 79413-lfl(,9
R327455 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE <.JJ2 K6TH ST. LUBBOCK. TX 7'!424 VALENCIA L 46 33.551 33.551 37
DEV INC #STEA
LUBBOCK. TX 7'!413-IOC,9
R3274<•l THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE K60K KIRBY AVE , LUBBOCK . TX 79424 VALENCIA L <4 72.905 72,905 KO
DEV INC #STEA
LUBBOCK, TX 79413-tll69
R327466 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE ~VE 6302 K7TH ST , LUBBOCK . TX 79424 VALENCIA L57 25 H.2H 25 .H!H 2K
DEV INC #STEA
LUBBOCK , TX 7'!413-1069
RJ.27469 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE (,JOK K7TH ST LUBBOCK . TX 79424 VALENCIA L 60 30 939 30 939 34
DEV INC #STEA
LUBBOCK. TX 79413-1069
R327472 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE AVE r,314 K7TH ST LUBBOCK, TX 79424 VALENCIA L 63 311,9.W 30,944 34
DEV INC #STEA
LUBBOCK. TX 79413-1069
RJ.27475 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE r,320 K7TH ST, LUBBOCK. TX 79424 VALENCIA L r.r, 2H ,04K 2H 0-IH 31
DEV INC #STEA
LUBBOCK. TX 79413-111<•9
R3274H9 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE K(,()9 KIRBY A VE. LUBBOCK. TX 79424 VALENCIA L KO JH.756 JH.756 43
DEV INC #STEA
LUBBOCK. TX 79413-111<.9
R327-1 112 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE K603 KIRBY A VE. LUBBOCK. TX 79424 VALENCIA L Kl 34,031 34 1131 37
DEV INC #STEA
LUBBOCK, TX 79413-41169
R327-195 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE <il29 H6TH ST, LUBBOCK. TX 79-124 VALENCIA L K<• 2K,3KCJ 2K,3K9 31
DEV INC #STEA
LUBBOCK. TX 79413-41169
City of Lubbock, 11<
Finance Department
Valencia Public Improvement District Assessment Roll
As of January 1, 2016
Exhibit C
2016 Markrt lOJ6T11uble 2016 Estimated
Pro~rty ID OwnrrName Mailin~ Address Eumetions Proe!rt2'. Address Le~al Dtscrietion Value Value Assessment•
R327-lYK THE TRAILS AT REGAL PARK 4KOH KNOXVILLE A VE (oI23 Kc.TH ST. LUBBOCK. TX 79424 VALENCIA L K'J $ 31 IK2 31.1K2 34
DEV INC #STEA
LUBBOCK, TX 79413-10(09
R327~09 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE (,JUI K<1TH ST LUBBOCK, TX 7942-1 VALENCIA L llHJ 32,3((, 32,31(1 36
DEV INC #STEA
LUBBOCK, TX 79413-1069
R3274411 THE TRAILS AT REGAL PARK 4HOK KNOXVILLE A VE <1102 K6TH ST LUBBOCK. TX 79424 VALENCIA L 31 41,2Kl1 41.2K(, 45
DEV INC #STEA
LUBBOCK. TX 79413-11169
Rl2744K THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE (ol IH KC.TH ST. LUBBOCK. TX 79424 VALENCIA L 39 30 OK3 311 OK3 33
DEV INC #STEA
LUBBOCK. TX 79413-lllfi'l
R327454 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE 6130 K6TH ST, LUBBOCK, TX 79424 VALENCIA L 45 32,155 32,155 35
DEV INC #STEA
LUBBOCK, TX 79413-llK•9
R327457 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 613<1 K<1TH ST. LUBBOCK. TX 79424 VALENCIA L 4H 57.H59 57.K59 (,4
DEV INC #STEA
LUBBOCK. TX 7'l413-1069
R327.tW THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE K6112 KIRBY AVE LUBBOCK , TX 79424 VALENCIAUI 411,411 411411 44
DEV INC #STEA
LUBBOCK, TX 79413-lllfi'l
R32746K THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 6306 K7TH ST, LUBBOCK, TX 79424 VALENCIA L 59 30 939 30.939 34
DEV INC #STEA
LUBBOCK, TX 79413-11169
R327471 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 6312 K7TH ST. LUBBOCK. TX 79424 VALENCIA L 62 31194-1 30.944 34
DEV INC #STE A
LUBBOCK. TX 79413-11169
Rl27474 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 631 K K7TH ST, LUBBOCK, TX 79424 VALENCIA Uo5 30,944 311,944 34
DEV INC #STEA
LUBBOCK. TX 79413-111(09
R327477 THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE (.J2 I K7TH ST, LUBBOCK. TX 79424 VALENCIA L (oK 31,399 31,399 35
DEV INC #STEA
LUBBOCK. TX 7941 J-10(o9
R3274KO THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 631 < K7TH ST LUBBOCK. TX 79424 VALENCIA L 71 311929 30 929 34
DEV INC #STE A
LUBBOCK, TX 79413-11169
R3274K3 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE 6309 87TH ST, LUBBOCK, TX 7c1.n4 VALENCIA L 74 30,934 30,934 34
DEV INC #STEA
LUBBOCK, TX 79-tl3-4C)(,9
R327-t91 THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE K605 KIRBY A VE, LUBBOCK, TX 79424 VALENCIA L K2 40 040 40 ,040 44
DEV INC #STEA
LUBBOCK. TX 79-tl3-11)(,9
Property ID
R327'°'9'°'
RJ27·JIJ7
R3 17500
R323453
R327 .. 511
R3274K4
R3193'°'6
R319365
1115
Owner Name M•iling Addreu
THE TRAILS AT REGAL PARK 4KOH KNOXVILLE A VE
DEV INC #STEA
LUBBOCK TX 79 .. 13-10<1''
THE TRAILS AT REGAL PARK 4KllK KNOXVILLE A VE
DEV INC #STE A
LUBBOCK, TX 79413-11169
THE TRAILS AT REGAL PARK 4KOK KNOXVILLE A VE
DEV INC #STE A
LUBBOCK TX 79413-10(09
THIRTEEN IS LUCKY FOR ME LLC K705 MILWAUKEE AVE
LUBBOCK, TX 7'J424-Wl40
TIM ROTEN REAL TY INC
VAUGHN. TONI
MYSTIQUE HOMES
11410TOPEKAAVE
LUBBOCK, TX 79414
C1720 2KTH ST
17112
LUBBOCK. TX 79407
WHINERY-CASDORPH BRENDA & C.!07 KITH ST
GEORGE CASDORPH II LUBBOCK. TX 7'J424
XU, KE TOM 6116 KITH ST
LUBBOCK. TX 79424
City of Lubbock, TX
Finance Department
V11lenc1a Public Improvement District Assessment Roll
As of January 1, 2016
Exhibit C
Eumptions Property Address Legal Description
6131 Kf>TH ST_ LUBBOCK. TX 79424 VALENCIA L K5
6125 KliTH ST , LUBBOCK, TX 7•1424 VALENCIA L KK
6119 H6TH ST LUBBOCK. TX 7'J424 VALENCIA L 91
K7115 MILWAUKEE AVE. LUBBOCK. TX 79424 VALENCIA OFFICE PARK L 3
6122 KC.TH ST, LUBBOCK. TX 79424 VALENCIA L41
r,307 K7TH ST. LUBBOCK. TX 7'!424 VALENCIA L 75
HS 6107 K7TH ST LUBBOCK, TX 79424 VALENCIA L4
C.I IC. K7TH ST, LUBBOCK, TX 79424 VALENCIA L 24
2016 M•rket 2016 Taxable 2016 Estim•led
Value Value Assessment"
25.(131 25 631 2K
31,129 31,129 34
2K.9IO 2K.910 32
749 067 7"'9 067 K2"'
30177 ltJ.M77 34
44,191 -l·U!J I 49
3J1.l62 JJl,~G:! )(1l1
lll,1117 ,l.IJ,I07 377
12.K71.22K 12.K2Ll2K