HomeMy WebLinkAboutOrdinance - 2015-O0082 - Valencia PID - 08/27/2015First Reading
August 13, 2015
Item No. 7.8
ORDINANCE NO. 2015-00082
Second Reading
August 27, 2015
Item No. 6.6
AN ORDINANCE REVIEWING CLASSIFICATIONS FOR THE METHODS
OF ASSESSING SPECIAL BENEFITS FOR THE SERVICES AND
IMPROVEMENTS OF PROPERTY IN THE VALENCIA PUBLIC IMPROVEMENT
DISTRICT ("DISTRICT"), APPROVING, ADOPTING AND FILING WITH THE
CITY SECRETARY THE ASSESSMENT ROLL; LEVYING 2015 ASSESSMENTS
FOR THE COST OF CERTAIN SERVICES AND/OR IMPROVEMENTS TO BE
PROVIDED IN THE DISTRICT DURING FY 2015-16; 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 which made certain findings concerning the advisability of creating the Valencia
Public Improvement District, authorized and created the District as a public improvement
district under Chapter 372 of the Texas Local Government Code, and designated the
Lubbock City Council as the entity responsible for the management of and provision of
services and improvements to the District (Exhibit A); and
WHEREAS, On August 11, 2011, the City Council passed Resolution No. 2011-
R0342, approving the Service and Assessment Plan, which will be reviewed and revised
each year when necessary. Exhibit B, attached hereto, contains the 2015 Service and
Assessment Plan for the Valencia Public Improvement District, which includes the Map
and Assessment Roll; and
WHEREAS, Chapter 372 of the Texas Local Government Code requires that the
City Council review the Service Plan; prepare a proposed assessment 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 13, 2015, to consider objections to the proposed
assessments. hhe City Council closed the public hearing after receiving property owner °s
concerns and comments (both oral and written) on proposed 2015 assessments within the
Valencia Public Improvement 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 2015 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
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 proposed Assessment
Roll in Exhibit B; and
WHEREAS, the City Council finds after review that the revised service plan and
assessment plan are feasible and sound and will serve the needs and desires of the
property owners and that the assessment rate of $0.11 per $100.00 of net taxable value
through year 2019, as determined by the Lubbock Central Appraisal District, of the
property or improvements to the property located in the District; are reasonable and
adequate.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF LUBBOCK, 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 review of the Service Plan approves the
method of assessing special benefits of services and improvements and the
Service Plan, which is set forth in the Service and Assessment Plan attached and
incorporated herein as Exhibit B. 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 Service Plan, each property owner in the District
identified for assessments in 2015 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 Assessment Roll attached to the Service and Assessment Plan
(Exhibit B). The Assessment Roll states an estimate of the assessment against
each parcel of land in the District, as determined by the method of assessment set
forth in the Service plan and this Ordinance. The City Secretary shall file the
Assessment Roll in the official City records. The Assessment Roll shall be
subject to public inspection.
SECTION 4: That the City Council finds that the notice of the City Council's
intention to consider the proposed assessments at a public hearing on August 13,
2015 at 5:30 p.m. in the City Council Chamber, 1625 13`" Street, Lubbock, Texas
was published in the official newspaper of the City of Lubbock, Texas before the
10`x' 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)
Valencia PID Assessment Ordinance 2
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 Lubbock 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 was mailed before the 10`h 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: "l hat 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 2015 city net taxable value
in the manner described in the assessment attached hereto in Exhibit B and made
part hereof 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.
1 he 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.
2016 except as provided in Sections 31.02(b), 31.03, and 31.04 of the Texas
Valencia PID Assessment Ordinance 3
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 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 Public Improvement District
Assessment Act, Chapter 372 of the "texas Local Government Code, as amended.
SECTION 12: That the City may contract with the Lubbock Central Appraisal
District and/or any competent attorney to collect the assessments and to represent
the Valencia Public Improvement 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 20 percent of the amount
of delinquent assessment, penalty, and interest collected, as required in Section
6.03 of the Texas Property Tax Code.
4 alencia PID Assessment Ordinance 4
AND IT IS SO ORDERED.
Passed by the City Council on first reading on August 13, 2015 , 2015.
Passed by the City Council on second reading on August 27, 2015 , 2015.
- - " �41'11'
GLEN OBERTSON, MAYOR
ATTEST:
Rebe ca Garza, City Secretary
APPROVED AS TO CON -TENT:
Cheryl brock
Executive Director of Budget
APPROVED AS TO FORM:
Linda L. Chamales.
Economic Development Attorney
Lc city att/Lmda/Ordmances:'Valencia PID Ordinance 2015 Assessment
July 15, 2015
Valencia PID Assessment Ordinance 5
Resolution No. .1-R0310 EXHIBIT A
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 determined by the
most recent certified appraisal roll of the Lubbock Central Appraisal District) of an area
within the City of Lubbock generally bounded by generally bounded by 851h Street on the
north, 88`h Place on the south, Iola Avenue on the east, and Milwaukee Avenue on the
west, AND owners of not less 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 372.005(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 attachment
designated as Exhibit "2" and shown on the map attached hereto as Exhibit "Y; 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
N WHEREAS, notice of such public hearing was published in the Lubbock
Avalanche -Journal, a daily paper of general circulation in the City, such publication date
o being before the 15th 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
P 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 information in the published notice
was mailed before the 15th 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
EXHIBIT A
WHEREAS, such hearing was convened at the time and place mentioned in the
published notice, on the 14`h 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 and/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,
y lighting, benches, trash receptacles and any similar items located
Valencia PID Establishment Z
EXHIBIT A
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`h 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 $0.11 per
$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 will 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 5: 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 PID Establishment 3
EXHIBIT A
Passed by the City Council on July 14 , 2011.
TOM MARTIN, MAYOR
ATTEST:
Reb cca Garza, City Secretary
APPROVED AS TO CONTENT:
Andy B cham
Chief Financial Officer
APPROVED AS TO FORM:
Linda L. Chamales,
Economic Development Attorney
a kityatt/Unda/Valencia PID Establishment
May 18, 2011
Valencia PID Establishment
EXHIBIT A
Exhibit "1„ resolution No. 2011—RO310
CITY OF LUBBOCK §
COUNTY OF LUBBOCK §
STATE OF TEXAS §
CERTIFICATE OF PUBLIC RECORD
I hereby certify, 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 Valencia, as shown on that attached map,
AND owners of more than fifty percent (50%) of the area of all taxable real property that
is liable for assessment under the proposal as required by Section 372.005(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 kept in said office.
I further certify that I am the City Secretary of the City of Lubbock, that 1 have
legal custody of said record, and that I 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)
Rebek+ca Garza
City Secretary
City of Lubbock
Lubbock County, State of Texas
EXHIBIT A
Exhibit "1"
Phi
city of
lubbock
TEXAS
May 5, 2011
To: Becky Garza, City Secretary
Cheryl Brock, Senior Financial Analyst
Rob Allison, Assistant City Manager
From: Sally Still Abbe, GIS Manager
Re: Valencia Petition
Recently, the City Of Lubbock received a petition dated April 8, 2011 from 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 first test is that the petition is sufficient if signed by the owners of taxable real property
representing more than 50% of the appraised value of the taxable real property liable for
assessment by the current roll of the appraisal district (January 1, 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
50% of the area within the PID. There is only one owner in the PID, who signed the petition.
Real Property Resources, Inc. owns 100% 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
Exhibit "1"
PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO FINANCE
IMPROVEMENTS TO VALENCIA
THE STATE OF TEXAS
CITY OF LUBBOCK
TO: THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF LUBBOCK:
The undersigned petitioners (the "Petitioners"), acting pursuant to the provisions of
Chapter 372, Texas Local Government Code, as amended (the "Act"). request that the City of
Lubbock create a public improvement district (the "District") in the territory described in
Exhibit A attached hereto (the "Land") within the City of Lubbock, Texas (the "City"), and in
support of this petition the Petitioners would present the following:
Section I. Stan_ _ ding of Petitioners. In compliance with the requirements of Texas
Local Government Code, Section 372.005(b), as determined by the current roll of the Lubbock
Central Appraisal District, the Petitioners constitute: (i) the owners of taxable real property
representing mote than 50% of the appraised value of real property liable for assessment under
the proposal described herein, and (ii) the record owners of taxable real property that constitutes
more than 50% of the area of all taxable real property that is liable for assessment under such
proposal.
Section 2. General nature of the proposed maintenance of the gublic publicimprovements.
The general nature of the proposed public improvements is: (i) maintenance of Parks and greens
together with any ancillary structures, features or amenities such as playgrounds, athletic
facilities, pavilions, community facilities, irrigation, walkways, lighting, fences, 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; and (ii) costs of establishing, administering and operating the District.
The improvements associated with the Public Improvement District are 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 to enjoy increasing the overall quality of life in the affected area.
Section 3. Estimated cost of the maintenance of thg proposed public improvements:
Annual maintenance costs - $1$.000.
Section 4. Boundaries. The proposed boundaries of the District are described in
Exhibit A.
Section 5. Method of assesLrrtent. An assessment methodology has been prepared
that will address (i) how the costs of the public improvements paid for with the assessments are
assessed against the property in the District, (ii) the assessments to be collected each year, and
(iii) reduction of the assessments for costs savings (pursuant to the annual review of the service
plan for the District). Additionally, a report will be prepared showing the special benefits
accruing to property in the District and how the costs of the public improvements are assessed to
LUB200158WO
Dallas 1034M_ I ,DOC
EXHIBIT A
Exhibit "l"
property on the basis of the special benefits. The result will be that equal shares of the costs will
be imposed on property similarly benefited.
In assessing the maintenance of the public improvements, property will be classified
based on the net taxable value of the property.
The assessment methodology will result in each parcel paying its fair share of the costs of
maintaining the public improvements based on the special benefits received by the property from
the public improvements and property equally situated paying equal shares of the costs of the
public improvements.
The annual budget is subject to review by City of Lubbock staff and final approval by the
City Council. The annual assessments may be adjusted as a result of the City of Lubbock staff
review and City Council approval.
Section 6. Auportionment of Cost between the City and Os District The City will
not be obligated to provide any funds to finance the proposed public improvements or maintain
the public improvements. All of the costs of the proposed public improvements will be paid by
assessments of the property within the District and from other sources of funds, if any, available
to the developer of the Land.
Section 7. Marra ement of the District. The City will manage the District, or, to the
extent allowed by law, the City may contract with either a non-profit, or a for-profit organization
to carry out all or a part of the responsibilities of managing the District, including the day-to-day
management and administration of the District.
Section 8. Advisory board. An advisory board may be established to develop and
recommend an improvement plan to the City Council of the City (the "City Council").
The signers of this petition request the establishment of the District and this petition will
be filed with the City Secretary in support of the creation of the District by the City Council as
herein provided.
LU$20015WW
Dalla IMA400_1 DOC
[Signature on following page]
-2-
EXHIBIT A
Exhibit "1"
PETITIONERS:
Real Property Resources, Inc.
Drew Wegman, V e -President of Real Property Resources, Inc.
THE STATE OF TEXAS §
COUNTY OF LUBBOCK §
On this, the 8h day of April, 2011, before me, the undersigned Notary Public, personally
appeared Drew Wegman who acknowledged that he is Vice -President of Real Property
Resources, Inc., and that he, in such capacity, being duly authorized so to do, executed the
foregoing petition for the purposes therein contained by signing his name in such capacity.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
JENNE M. BICKETT Notary blic Signature
MyCAmnrseinr Ezpier ta13�13
Signature Page jar Petition
EXHIBIT A
Exhibit "1"
EXHIBIT A
The Land
METES AND BOUNDS DESCRIPTION:
A 39.941 .ACRE TRACT OF LAND SITUATED IN THAT CERTAIN 199.832 ACRE TRACT OF LAND RECORDED IN
VOLUME 6937, PAGE 174 OF THE RE.iL PROPERTY RECORDS OF LUBBOCK COUNTY, INCLUDING LOT 4B OF
SPECTRA LUBBOCK SOUTHWEST, AN ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS,
ACCORDING TO THE ALAP OR PLAT THEREOF RECORDED IN PIAT AND DEDICATION NO. =06044435 OF THE
OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, ,AND LOCATED IN SECTION 28, BLOCK AK, LUBBOCK
COUNTY, TEXAS, SAID 39.941 ACRE TRACT BEING FURTHER DESCRIBED BY METES AND BOUNDS AS FOLLOWS-
BEGINNING
OLLOWSBEGINNING AT A I/2" IRON ROD WITH GAP MARKED "STEVENS RPLS 4339" SET IN THE EAST LINE OF LOT 4.A,
SPECTRA LUBBOCK SOUTHWEST, AN ADDTRON TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS,
ACCORDING TO 71EE MAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO. 2006044435 OF THE
OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND S. 010 49' 05' V A DISTANCE OF 175.00 FEET
FROM THE SOUTHWEST CORNER OF TRACT A-1, A REPLAT OF TRACT A, MONTEREY CHURCH OF CHRIST
ADDITION, AN ADDITION TO THE CITY OF LUBBOCK. LUBBOCK COUNTY, TEXAS, ACCORDING TO THE SOAP
OR PLAT THEREOF RECORDED IN VOLUME 10299, PAGE 264 OF THE OFFICIAL PUBLIC RECORDS OF LUBBOCK
COUNTY, FOR THE NORTHWEST CORNER OF THIS TRACT, HAVING COORDINATES OF NORTHING:
7,232.079.842 AND EASTTNG: 916,426.179, TEXAS COORDINATE SYSTEM, T?QNC ZONE 4202. NAD 83 (CORS 96).
WHENCE THE NORTHWEST CORNER OF SECTION 28 BEARS N. 01- 49' 05' E. A DISTANCE OF 1001.91 FEET, N. Ole
54' 20' E. A DISTANCE OF 55.00 FEET AND N. 680 05' 40' W. A DISTANCE OF 1360.47 FEET, PER CALLED
DISTANCES IN SAM PLAT OF TRACT A-1 AND IN PREVIOUS WARRANTY DEEDS RECORDED N VOLUME 6937.
PAGES 174 AND 178 OF THE REAL PROPERTY RECORDS OF LUBBOCK COUNTY;
THENCE S. 88- 11- 01" E., PARALLEL EL WrM THE SOUTH LINE OF SAID TRACT A-1 (PREVIOUS RECORD GALL•
EAST), AT A DISTANCE OF 1250.20 FEET PASS A 1/2" IRON ROD WTIH CAP MARKED-STEVENS RPLS 4339" SET IN
REFERENCE. CONTINUING FOR A TOTAL DISTANCE OF 128220 FEET TO A 1/2" IRON ROD WITH CAP MARKED
STEVENS RPLS 4339^ SET IN THE EAST LINE OF SAID 199.832 ACRE TRACT FOR THE NORTHEAST CORNER OF
THIS TRACT;
THENCE S. 010 45'05* W-, ALONG THE EAST LINE OF SAID 199.832 ACRE TRACT (PREVIOUS RECORD CALL S. 00-
02' 50' E.) AND THE CENTERLINE OF IOLA AVENUE AS DEDICATED BY THE PLATS OF REGAL PARK,
ACCORDING TO THE MAPS OR PLATS THEREOF RECORDED IN VOLUME 8x05, PAGE 286 AND VOLUME 10114,
PAGE 58 OF THE OFFICLAL PUBLIC RECORDS OF LUBBOCK COUNTY, A DISTANCE OF 992.97 FEET TO A PK
NAZI. AND WASHER FOUND AT THE NORTHEAST CORNER OF THAT CERTAIN TRACT OF LAND CONVEYED
TO LL 3BOCK LAND RWESTi,MYTS I, LP RECORDED N VOLUME 10469, PAGE 124 OF THE OFFICLAL PUBLIC
RECORDS OF LUBBOCK COUNTY, FOR THE SOUTHEAST CORNER OF THIS TRACT;
THENCE N. 880 10' 0S" W., ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVESIIIENTS 1. LP TRACT, AT A
DISTANCE OF 3200 FEET PASS A 1/2" IRON ROD WITH CAP MARKED "H. REED do ASSOCS" FOUND,
CONTINUING FOR A TOTAL DISTANCE OF 1118.38 FEET (PREVIOUS RECORD CALL N. 88- 09' 50" W., i 118.38
FEY -I) TO A 1/2' IRON ROD WITH CAP MARKFD "H. REED & ASSOCS- FOUND FOR A CORNER OF THIS TRACT;
THENCE N. 01- 48' 45" E:, ,ALONG A PORTION OF THE NORTH LINE OF SAID LUBBOCK LAND IMTZr..(ENTS 1,
LP TRACT, A DISTANCE OF 146.2I FEET (PREVIOUS RECORD C -AIL' N. 01- 48' 13' E, 146.21 FEET) TO A 1/2- IRON
ROD WITH CAP M ARKED "H. REED do ASSOCS" FOUND FOR A CORNER OF THIS TRACT,
THENCE N W 09' 49" W., ALONG THE NORTH LINE OF SAID LUBBOCK LAND INVESI'MEAITS I, LP TRACT, A
DISTANCE OF 1468.08 FEET (PREVIOUS RECORD GAIL, N. 880 10'43" W.,1467.86 FEET) TO A 1/2" IRON ROD WITH
CAP ,MARKED "bTEVEINS RPLS 4339" SEI' IN THE EAST RIGHT-OF-WAY LINE OF MILWAUKEE AVENUE, AS
DESCRIBED M DEED RECORDED IN VOLUME 9735, PAGE 349 OF TIE OFFICIAL PUBLIC RECORDS OF
LUBBOCK COUNTY, FOR THE SOUTHWEST COIINER OF THIS TTLAL-T;
THENCE N 01. 43' 1" E. ALONG TIIE EAST RIGHT-OF-WAY LINE OF h(ILWAUKFE .%VENUE (PREVIOUS
RECORD GALL N. 01° 43' 58" E), .A DISTANCE OF 29200 FEETTO .A 5/8" IRON ROD FOUND AT THE SOUTHWEST
CORDER OF TRACT A, W.ALALART SUPERCENTER, AN :ADDITION TIDO THE CITY OF LUBBOCK, ACCORDING TO
ME FLAP OR PLAT THEREOF RECORDED IN PLAT AND DEDICATION NO. 20060249M OF THE OFFICLAL PUBLIC
RFCORDS OF Ll: BROCK COUNTY, FOR Ti IE MOST WESTERLY NORTI IWEST CORNER OF'17IIS TR -ALT;
A-1
EXHIBIT A
Exhibit "I"
THENCE S. 88° 09' S4" E., ALONG THE SOUTH LINE OF SAID TRACT A, A DISTANCE OF 915.02 FEET (PREVIOUS
RECORD CALL- S. 88° 10' 10" E, 914.93 FEET) TO A 5J8" IRON ROD WMI CAP %LARDED "DL'NAW.AY ASSOC, INC"
FOUND AT THE SOUTHEAST CORNER OF SAID TIL%CT .A AND TI IE SOUTHWEST CORNER OF LOT 4B OF SAID
SPECTRA LUBBOCK SOUTHWEST, FOR A CORNER OF THIS TRACT,
THENCE N. 01 ° 49' SO- E. ALONG THE CO\LHON LINE OF SAID TRACT A AND LAT 4B, A DISTANCE OF 28259
FEET (PREVIOUS RECORD GALL• N. 010 49' SO- E. 28278 FEET) TO A 1 /Y IRON ROD WITH CAP MARKED
"STEVENS RPLS 4339" SET AT THE WEST COX%ION CORNER OF SAID LOTS 4A AND 4B FOR A CORNER OF THIS
TRACT:
THENCE S. 880 10' 10" E. ALONG THE COSLILON LINE OF SAID LOTS 4.A AND 4B. A DIST.ILNCE OF 38832 FEET
(PREVIOUS RECORD CALL: S. 88° 10 10" 1, 388.47 FEET) TO A IIr IRON ROD WITH CAP MARKED "STEVENS
RPLS 4339" SET AT THE EAST COMMON CORNER OF SAID LOTS 4A AND 48 FORA CORNER OF THIS TRACT;
THENCE N. Ol° 49' OS" E., ALONG THE EAST LINE OF SAID LOT 4A (PREVIOUS RECORD CALL- N 010 49'
14" E). A DISTANCE OF 271.71 FEET TO THE POINT OF BEGINNING.
A-2
EXHIBIT A
Exhibit "I"
BETENBOUGH
HOMES
April 9, 2011
Cheryl Brock
City of Lubbock, TX
1625 131x' Street
Lubbock, TX 79457
Re: Valencia, Public Improvement District
Dear Honorable Mayor and City Council;
Valencia is a residential development within the city limits of the City of Lubbock bound
on the west by Milwaukee Avenue, the east by Iola Avenue, the north by Monterey
Church of Christ, and the south by The TmUs at Regal Park. We are proposing to create
a Public Improvement District "PID" to maintain the public improvements for Valencia.
In 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 are providing information regarding items 5-I6, as follow:
5. If the there is sufficient support to petition to dissolve the Public Improvement District
certain requirements in addition to sufficient support must be met in order to dissolve the
PID. Those requirements include arrangements to transfer ownership and maintenance of
the City owned and PID maintained property. These arrangements are to be made by the
Advisory Board and with funds available to the Advisory Board.
6. Map of the area 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 Districts for the City of
Lubbock.
8. Addressed 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".
10. General description of proposed improvements in Section 2 of the petition.
11. The estimated total cost of the improvements is $200,000.00 and will be paid by
developer with no desire for any reimbursement. The estimated cost of the maintenance
is $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 "1"
BMNBOUGH
—HOMES
13. Method of assessment will be base on the net taxable value of the affected properties
and will be assessed at S.11 per S 100.00 valuation.
14. Documentation of liability insurance will be attached to this letter
r
15. Addressed in Section 6 of the petition
16. Addressed in Section 5 of the petition
Hopefully this will provide all of the information requested to continue with the creation
of the PID. Please let me know if you have any questions or require any additional
information.
Dr�ehw
Community Development
Betenbough Homes
EXHIBIT A
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Exhibit "1"
..esolution No. 2011—RO310
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EXHIBIT A
Exhibit "2"
The Land
METES AND BOUNDS DESCRIPTION:
Resolution No. 2011—RO310
A 39.941 ACRE 'TRACT OF LAND SITUATED IN TI IAT CERTAIN 199.832 ACRE TR10' OF LAND RECORDED IN
VOLUME 6937, PAGE 174 OF THE REM, PROPERTY RECORDS OF LUBBOCK COUNTY, INCLUDING LOT 4B Of-
SPECTRA
FSPECTRA LUBBOCK SOU'111WEST, AN ADDITION '1'0 TI IE CITY OF LUBBOCK, LUBBOCK COUNTY, 'T'E'XAS,
ACCORDING TO 11 lE AIAP OR PLAT TI IERL'OF RECORDED IN PLAT' AND DEDICATION NO. 2006044435 OFT] [I'
OFFICIAL PUBLIC RECORDS OF LUBBOCK COUNTY, AND LOCATED IN SECTION 28, BLOCK AK, LUBBOCK
COUNTY, TEXAS. SAID 39.941 ACRE'IR1CI' BEING FURTI TER DESCRIBED BY.mETES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 1/2" IRON ROD WIT'11 CAP MARKED "STEVENS RPLS 4339" SL IN TI IE EASTLINE OF LOT 4A,
SPECTRA LUBBOCK SOU'TI IWEST, AN ADDITION TO TI IE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS,
ACCORDING 'T'O '1'1 it.. h1AP OR PLAT TI IEREOF RECORDED IN PLAT ,IND DEDICATION NO. 2006044435 OF T'I IE
OFFICIAL PUBLIC RECORDS OF' LUBBOCK COUNTY, AND S. Ol° 49'05" W. A DISTANCE OF 175.00 FEET
FROM 'ITIS SOU'II IWESI' CORNER OF TRACT A-1, A REPLrAT OF TR1Ct A. MONTEREY CI IURCI I OF Ci IRIST
ADDITION, AN ADDI'T'ION TO TI IE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS, ACCORDING TO TI IL' MAP
OR P1 VI'THEREOF RECORDED IN VOLUME 10299, RAGE 264 Own 1L' OETICIAL PUBLIC RECORDS OF LUBBOCK
COUNTY, FOR TI IE NORTI (WEST CORNER OF Tiffs TRACT, I IAV[NG COORDINATES OF NORTF ITNG:
7,252,079.842 AND EASPING: 916,426.179, 'T RY AS COORDTNAT'E SYSTEM, T'XNC ZONE 4202, NAD 83 (CORS 96),
WI EENCE'1'1 ll' NOR'I'1 IWES1' CORNER OF SECTION 28 BEAILS N. 01" 49' 05" E. A DISTANCE O1' 1001.91 FEET, N. 01°
54' 20" E. A DISTANCE OF 55.00 FEET AND N. 88' 05' 40" W. A DIS'T'ANCE OF 1360.47 FEET, PER CALLED
DISTANCES IN SAID PLATOF'IR1CT A-1 AND IN PREVIOUS WARRANTY DEEDS RECORDED IN VOLUME 6937,
PAGES 174 AND 178 OF THE REAL. PROPERTY RECORDS OF LUBBOCK COUNTY;
1'I FENCE S. 880 11'01" E,, PARALLEL WITH i '111E SOU'F11 LINE OF SAID TR.ACI' A -I (PREVIOUS RECORD CALL:
EAS71), AT A DISTANCE OF 1250.20 FEET PASS A 1/2" IRON ROD WITH CAP MARKED "STEVENS RPLS 4339" SET IN
REFERENCE, CON'T'INUING FOR A TOTAL DISTANCE OF 1282.20 FEET -1-0 A 1/2" IRON ROD WIT'1 i CAP MARKED
"S'I'EVENS RPLS 4339" Sli I' INTI IE F.ASI' LINE OF SAID 199.832 ACRE'[RACT FOR 'ITIS NORII IE -AST CORNER OF
'1'I I IS'IRACI
'I7.11'NCE S. 01° 45'05" W., ALONG TI IE EAST LINE OF SAID 199.832 ACRE TRACT (PREVIOUS RECORD CALL: S. 00°
02' 50" E.) AND THE CENT'ERIANE OF IOLA AVENUE AS DEDICATED BY TILE PLATS OF REGAL PARK,
ACCORDING TO'I'I TE MAPS OR PLATS TI IHREOF RECORDED IN VOLUME 8405, PAGE 286 AND VOLUME 10114,
PAGE 58 OF TI IE OFFICIAL. PUBLIC RECORDS OF LUBBOCK COUNTY, A DISTANCE OF 992.97 FELT -1-0 A PK
NAIL. AND WAST E R FOUND AT THE NORTI [EASI' CORNER OF 'l'1 IATCERTAIN 'TRAGI' OI, LANDCONVEYED
TO LUBBOCK LAND TNVE'SlMUM'S 1, LP RECORDED IN VOLUME 10469, PAGE 124 OF TIIE OFFICIAL PUBLIC
RECORDS OF LUBBOCK COUNIY, FOR 111 C Soun [EAST CORNER OF TI IIS 'TRACT;
THENCE N. 88° 10' 05" W., ALONG TI IE NORTH LINE OF SAID LUBBOCK LAND INVI?5"I11ENT'S I, I.P TR ACI', ATA
DISTANCE OF 32.00 FEET PASS A 1/2" IRON ROD Will CAP MARKED "I1. REED & ASSOCS" FOUND,
CONTINUING FOR A TOTAL. DISTANCE OI: 1118.38 FEET (PREVIOUS RECORD CALL: N. 880 09' 50" W., 1118.38
FEET) TO A 1/2" IRON ROD WITI 1 CAP MARKED "11. REED & ASSOCS" FOUND FOR A CORNER OF 1'I [IS TRACI:
"11 IENCE N. 010 48'45" E, ALONG A PORTION OFTI I IL NOR'I'I I LINE OF SAID LUBBOCK LAND INVESTMENTS 1,
1.11'17RACI-, A DIS-1-ANCE{ OF 146.21 FEET (PREVIOUS RECORD CALL N. 010 48'13" 1'., 146.21 FEEI) TO A 1/2" IRON
ROD WIT'I 1 CAP MARKED "11. REED & ASSOCS" FOUND FOR A CORNER OF TI IIS TRAGI;
'11-IENCE N. 88° 09' 49" W., ALONG 1.111: NORTI I LINE OF SAID LUBBOCK LAND INVEST'MENT'S 1, LP TRACI', A
DISTANCE OF 1468.08 FEE -sl' (PREVIOUS RECORD CALL: N. 88° 10'43" W.,1467.86 FEG1)'1'0 A 1/2" IRON ROD WPM
CAP MARKED "STENE.NS RPI -S 4339" SI -7 IN '!'III' EAST RIGIPI'-OF-WAY LINE OF MILWAUKEE AVENUE, AS
DESCRIBED IN DEED RErORDED IN VOLUME 9735, PAGE 349 OF TILE OFFICIAL PUBLIC RECORDS OF
I.UBBOCK COUNTY, ]-'OR 1't IE SOUT'I!WEST CORNER Ol-''I'I [IS'I'IU1CT;
'THENCE N. 010 43' 17" E,:ALONG TIII' EAST RIGIIT-OF-WAY LINE Of- MILWAUKEE AVENUEE' (PREVIOUS
RECORD CALL.: N. Of* 43'58 .
3'58" E.), A DIST'ANCE'S OF 292.00 FEET TO A 5/8" IRON ROD FOUND AT" !'I IE SOUI'1IWESI'
CORNER OF'TRAC1' .1, WALIIIART SUPERCENTER, AN ADDITION 1'0 TI IE CITY OF LUBBOCK, ACCORDING 1'0
'11 IE \LIP OR PLA71" 1'1IEREOF RECORDED IN PL AT AND DEDICATION NO. 2006024909 OF'11IE OFFICIAL PUBLIC
RECORDS OF LUBBOCK COUNIY, FORTI I IE MOS I' WESTERLY NOR'1'1IWESI' CORNER OF THIS TRACT;
m
EXHIBIT A
TlIENCI: S. 880 09' 54" E:., ALONG TI I1: SOUP!\ LINE OF SAID'171CT:1, A DISI-ANCI: OI' 915.02 FI 1 1' (PREVIOUS
RECORD CALL S. 880 10' 10" 1:., 914.93 FEE -J) -1.0 A 5/8" IRON ROD Arl-11 I CAP MARKED "DUNAWAlAMC , INC"
FOUND AT T1 -IF SOU1'1IE::1S'I' CORNER OF SAID 171(:1' A AND 'I'i tE: SOU'11 M -:!;I' CORNER OF LOT 411 OF SAID
SPECl71 LUBBOCK SOU -1.1 IWE:ST, FOR A CORNER OF TI IIS'l71C1';
TIIf- -,NCR N. 01° 49'50" E., ALONG TI11's COMMON LINE: OI- SAID'U71Cl* A ,IND Lal' 46, A DISI'.1NC: OE- 282.59
1�1:E I' (PREVIOUS RECORD CAIJ.: N. 01° 49' 50" 1.., 282.78 FI:I 1) TOA 1/2" IRON ROD W111 CAP MARKED
EVE RPI.S 4339" SET AT TI Il: WESI' COBIMON CORNER OF SAID I.O'I'S 4A .IND 413 FOR A CORNER OFT] IIS
11i:1CI':
'11IENC1: S. 880 IV 10" L'., ALONG TI IL COMMON LINE OF SAID I.O"I'S 4A :IND 413, A DISI'.1NCI: OF 388.52 FEET
(PRE:VIOUS RECORD C,1I lz S. 88° 10'10" E., 388.47 IT1:'1) TO A 1/2" IRON ROD WITH CAP U:1RKI:D "ST1:1'I:NS
RPU 5 4339" SET Al I'E IE: EAS\ I' COMMON CORNER OF SAID LOTS 4A AND 413 I -OR A CORNER OF T! IIS'171C:1';
THENCE N. 01° 49'05" 1 ., ALONG TI 11: FA9I* LINE OF SAID I.O'I'4A (PREVIOUS RECORD CALL N. 010 49'
14" E.), A 1315I'ANCE 014 271.7] l t:1 C'['O'E'i 14: POINT OF BEGINNING.
A-2
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Exhibit B
�l/u�bb'ock
VALENCIA PUBLIC IMPROVEMENT DISTRICT
CITY OF LUBBOCK, TEXAS
SERVICE AND ASSESSMENT PLAN
August 13, 2015
Exhibit B
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
June 2, 2015
TABLE OF CONTENTS
Section I
Plan Description and Defined Terms
Section II
Property included in the PID
Section III
Improvement Project
Section IV
Sources and Uses of Funds
Section V
Assessment Plan
Section VI
Terms of the Assessments
List of Exhibits
Exhibit A The PID Map
Exhibit B Maintenance and Services
Exhibit C Assessment Roll
Exhibit B
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
June 2, 2015
Section I
Plan Description and Defined Terms
A. Introduction
Chapter 372 of the Texas Local Government Code, Improvement Districts in Municipalities and
Counties" (as amended, the "PID Act"), governs the creation of public improvement districts
within the State of Texas. The City of Lubbock created the 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 I.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 detenninations 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,
7
Exhibit B
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
June 2, 2015
legal representatives, heirs, devisees, successors and assigns. The Assessments shall have lien
priority as specified in the PID Act.
This Service and Assessment Plan provides for maintenance of improvements benefiting the
entire area of the 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 Betenbough 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 372.003 of the PID Act.
"Parcel" means a parcel identifed by either a tax map identification number assigned by the
Lubbock County Appraisal District for real property tax purposes or by lot and block number in
Exhibit B
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
June 2, 2015
a final subdivision plat recorded in the real property records of Lubbock County, Texas or
identified by any other reasonable means determined by the City Council.
"PID" has the meaning set forth in the second paragraph of Section I.A of this Service and
Assessment Plan.
"PID Act" means Texas Local Government Code Chapter 372, Improvement Districts in
Municipalities and Counties, Subchapter A, Public Improvement Districts, as amended.
"PID Map" means the map included as Exhibit 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
El
Exhibit B
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
June 2, 2015
determined that these maintenance activities will be of special benefit to all the Assessed
Property within the PID.
A. Maintenance of Public Improvements
The total estimated cost of services provided by the District is approximately $30,503 over the
next five years. The estimated annual cost rises from $5,861 in FY 2015-16 to $6,345 in FY
2019-20. 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 2019. 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 Year^ 2014 2015 2016 2017 2018 2019 Totals
Property Values' 7,016,364 10,726,853 14.141.390 14.424,218 14,712,702 15,006,956 S 15,006,956
Discounted Property Values /n; 90°0 7,016,364 9,654,168 12,727,251 12,981,796 13,241.432 13,506.261 13,506 261
Fiscal Year Revenues
Interest Earnings
Assessment (a $0.11
Total
Expense
87th Street Park "Tract A" 1.13 Acres
Maintenance of Park
87th Street Median "Tract B" .07 Acres
Maintenance of NILdian
Electric Costs
Adrmntstram a Costs
Annual Operation Cost
(LCAD Collection Cost and Cost of
setting assessments each year)
Total
Cash Reserve
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Totals
- - 48 90 133 177 449
7.718 10,620 14.000 14.280 14.566 14.857 86,421
7,718 10,620 14,048 14,370 14,699 15,034 S 86,870
2.000
-
-
-
-
-
2,000
1.000
-
-
-
-
-
1.000
100
2.092
2,134
'_ 177
2.220
2,264
11.026
4.085
3.400
3.468
3.537
3,608
3.680
28.260
7,185
5,492
5,602
5,714
51828
51945 S
42,287
4,394
9,522
17,967
26,623
35,494
44,584 S
44,584
The sources and uses of funds table is subject to revision each year.
5
Exhibit B
City of Lubbock, Texas
Finance Department
Valencia Public Improvement District
Service and Assessment Plan
June 2, 2015
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 2015 "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 2015 "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.
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