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Home My WebLink AboutResolution - 804 - Agreement - Pritchard & Abbott - Appriasal Work, LCAD - 05/14/1981!! RESOLUTION #804- 5/14/81 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock an Agreement for Professional Services with Pritchard and Abbott, a copy of which is attached herewith which shall be spread upon the minutes of the Council and as spread upon the minutes of this Council shall constitute and be a part of this Resolution as if fully copied herein in detail. Passed by the City Council this _14th day of May ,1981. BfLU McALISTER, MAYOR +ATTESTS Evelyn Ga ga, City SCcftTreasurer FY�OVED : tein, Tax Assessor -Collector APPROVED AS TO FORM: � i�►'ry�.C.r Mick McKamie, Assistant City Attorney i RESOLUTION #804 - 5/14/81 AGREEMENT FOR PROFESSIONAL SERVICES - APPRAISAL OF OIL AND GAS, RAILROADS, AND UTILITIES FOR THE LUBBOCK COUNTY APPRAISAL DISTRICT This Professional Services Agreement, made in the City of Lubbock in the State of Texas on this 14t day of May , 1981, between the City of Lubbock, a municipal corporation in the State of Texas (herein called the City), and Pritchard and Abbott, a professional firm of valuation consultants (herein called the Firm). WITNESSETH: WHEREAS, the Lubbock County Tax Appraisal District has contracted with the City of Lubbock to provide the Appraisal work for the entire district, which encompasses all of Lubbock County, Texas; and WHEREAS, the City has determined that it would be in the best interest of the citizens of the City of Lubbock and the Lubbock County Appraisal District for the appraisal of oil and gas, railroads, and utilities lying within the boundaries of Lubbock County to be conducted by a professional firm of valu- ation consultants; and WHEREAS, the Firm is capable of and is desirous of providing such appraisal services to the City of Lubbock; NOW THEREFORE, in consideration of the mutual covenants, promises, and agreements herein contained, the City and the Firm hereby covenant, promise, and agree with each other as follows: I. A. The Firm shall appraise all interest in Lubbock County in leases producing oil, gas, or other minerals including working interest, royalty interest, overriding royalty interest, oil payments, and other like interests, showing current ownerships and addresses for tax billing purposes. B. The Firm shall appraise all personnel property in Lubbock County related to the production of oil, gas, or other minerals, including but not limited to drilling rigs, oil field supply stores, field compressors, pipe lines, pump stations, and other like property; showing current ownerships and addresses for tax billing purposes. C. The Firm shall appraise all railroads and all other utilities in Lubbock County, including, but not limited to, telephone exchanges, lines and appurtenances, long distance cables, microwave stations, cable television, electric generation, transmission and distribution, gas transmission and distribution, and other like properties; showing current ownerships and addresses for tax billing purposes. D. In addition to the appraisals, the firm shall prepare: 1. A data processed master Appraisal Roll of the properties appraised•, 2. A separate Appraisal Roll for each Taxing Unit in the Lubbock County Appraisal District covering the property appraised in the separate taxing units; 3. A set of 20 -day Notices for the Chief Appraiser of the Lubbock County Appraisal District to mail to owners of the property appraised. E. The firm shall be prepared to furnish personnel and documentation for defense of valuations at the Board of Equalization hearings for the Lubbock County Appraisal District for tax years 1982 and 1983. The firm shall be prepared to furnish personnel and documentation for defense of valuations, and shall be prepared to provide sworn testimony, at any court action involving valuations provided to the City of Lubbock under the terms of this Agreement. II. For the services to be performed by the Firm under the terms of this Agreement, the City agrees to pay to the firm a total fee of ELEVEN THOUSAND SEVEN HUNDRED FIFTY AND NO/100THS ($11,750.00) DOLLARS for the tax year 1982; and the same amount for the 1983 tax year, plus $100.00 for each new lease producing oil, gas, or other mineral on the.1983 tax roll that was not on the 1982 tax roll, plus the 1982 inflation factor as published by the United States Government. The Firm shall be paid by the City for services rendered for tax year 1982 upon completion of by the firm of all conditions of this Agreement relating to said tax year. The Firm shall be paid by the City for services rendered for tax year 1983 upon completion by the Firm of all conditions relating to said tax year. All services provided by the Firm under the terms of this Agreement for tax year 1982, including documentation of all appraisals for valuation purposes, shall be completed no later than February 1, 1982. All services provided by the Firm under the terms of this Agreement for tax year 1983, including docu- mentation of all appraisals for evaluation purposes, shall be completed no later than February 1, 1983. IV. The laws of the State of Texas shall govern the terms of this Agreement and all services provided hereunder. V. All material submitted to the City of Lubbock under the terms of this agreement become the property of the City of Lubbock, and is returnable at the City's option. Vi. The term "appraisal" as used herein means the documentation of the value of property based on one hundred percent (100%) fair market value determined by following the guidelines set out in the Texas Property Tax Board Manual. VII. Any obligation of the City created by or incurred under this agreement is expressly contingent upon the appropriation, budgeting, and availability of sufficient funds to pay for the services described herein. In the event that these funds are not appropriated, budgeted, or otherwise made available for the purpose of payment., then the City shall have the option of termination upon written notice to the Firm. No penalty for termination under the terms of this provision shall be required. VIII. The City shall have the right to assign its duties, privileges, respon- sibilities, obligations, and other interest in this Agreement to any other taxing unit or appraisal district in Lubbock.County, Texas at any time. Otherwise, this Agreement is not subject to assignability by either the City or the Firm, in part or in full. IX. The City retains .the right to terminate this agreement without penalty upon ninety (90) days written notice to .the Firm, if the firm fails to properly keep any of the provisions of.this Agreement. X. The City and the Firm expressly agree that time is of the essence of this Agreement. XI. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof, and supersedes all proposals, oral or written, all previous negotiations and agreements and all other communications between the parties with respect to the subject matter hereof. IN WITNESS WHEREOF.the parties hereto have executed this Agreement as of the day and year first above written. CITY OF LUBBOCK BILL McALISTER, MAYOR ATTEST:. Evelyn Gaftga,:City S5crfs- Treasurer APPROVED: (� 'Jim henste n, Tax Assessor -Collector APPROVED AS TO FORM: dr Mick McKamie, Assistant City At orney PRICHARD & ABBOTT ATTEST: LL ECTOR COUNTY, TEXAS My Commission Expires 1-27--84 J -Rapier District Manager Odessa Office