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G-97-02-27-9E - 2/27/1997ORDINANCE NO. 6-q1-0-011-qE AN ORDINANCE CLOSING HEARING AND LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS TO BE PROVIDED IN '173E ENCINO PLAZA PUBLIC IMPROVEMENT DISTRICT; FIXING CHARGES AND LIENS AGAINST THE PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS THEREOF; PROVIDING FOR 1'HE COLLECTION OF THE ASSESSMENT; AND PROVIDING AN EFFECTIVE DATE WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") allows for the creation of public improvement districts; and WHEREAS, on or before August 14, 1996, owners of real property located within the Encino Plaza Public Improvement District delivered to the City a Petition (the "Petition") to create the Encino Public Improvement District (the "District") that is shown on the map attached hereto and made a part hereof and marked Exhibit "A"; and WHEREAS, the City staff and City Council reviewed the Petition and determined that the owners of taxable real property representing more than 50% of the appraised value of the taxable real property liable for assessment under the Petition and owning more than 50% of the area of all taxable real property within the District executed the Petition and that the Petition complies with the Act and authorized the City Council of the City of Round Rock to consider making findings as to the advisability of the creation of the District; and WHEREAS, pursuant to Section 372.007 of the Act, the advisory body prepared a report to determine whether the improvements should be made as proposed by the Petition or otherwise; and WHEREAS, after providing notices required by Section 372.009 of the Act, the City Council on December 12, 1996 conducted a public hearing on the advisability of the improvements and the creation of the District; and WHEREAS, on December 12, 1996, the City Council passed a Resolution which authorized and approved the District and in accordance with its findings as to the advisability of the improvements, recommended and approved the District; and WHEREAS, the authorization of the District took effect when notice of the passage of the Resolution was published in a newspaper of general circulation in the City on January 27, 1997; and RROCK/PUBLIC: ASSES.ORD 2/20/97 WHEREAS, pursuant to the Act, the proposed assessment roll and service plan was filed with the City Secretary, and the statutory notice of a public hearing on February 27, 1997 to consider the levy of the proposed assessments on real property within the District was accomplished; and WHEREAS, after notice was provided as required by the Act, the City Council of the City of Round Rock on February 27, 1997, held a public hearing to consider the levy of the proposed assessments on property within the District, heard and passed on any objections to the proposed assessments and closed the public hearing. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS; Section 1. All matters stated in the preamble of this Ordinance are found to be true and correct and are incorporated into the body of this ordinance as if copied in their entirety. Section 2. The action of the City Council closing the February 27, 1997 public hearing in these proceedings is hereby ratified and confirmed. Section 3. The advisory body has recommended to the City to approve the attached assessment/service plan and the City Council hereby approves the Assessment Plan (the "Assessment Plan"). Section 4. The City Council finds that the assessments as set forth in the Assessment Plan, attached hereto as Exhibit "B" , 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 within each class by means of improvements in the District for which such assessments are levied, and establish substantial justice and equality and uniformity between the respective owners to the respective properties within each class and between all parties concerned considering the benefits received and burdens imposed, and further finds that in each case the property assessed is specially benefitted by means of the said improvements in the District, and further finds that the apportionment of the cost of the services is in accordance with the law in force in this City and State and the proceedings of the City heretofore had with reference to the formation of the District and the imposition of the assessments for said improvements are in all respects valid and regular. Section 5. 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 as listed in Exhibit "C" to the Assessment Plan attached hereto and made a 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 6. The several sums above mentioned and assessed against the said parcels of property and the owners thereof, plus interest thereon at the rate of interest paid by the City on the Bonds used to finance the improvements, per annum, together with reasonable attorney's fees and RROCK/PUBLIC: ASSES.ORD 2/20/97 costs of collection, if incurred, are hereby declared to be and are made a first, prior and superior lien upon the respective parcels of property against which the same are assessed, and a personal liability and charge against the real and true owners of such property, whether such owners be named herein or not, and the said liens shall be and constitute the first enforceable lien and claim against the property on which such assessments are levied, and shall be a first and paramount lien thereon, superior to all other liens and claims except State, County, School District and city ad valorem taxes. Section 7. The assessments shall be due and payable in full on or before the closing on the Bonds currently anticipated to be March 17, 1997. 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 interest authorized in Section 6 above, costs and attorney's fees, shall be enforced by suit in any Court having jurisdiction or by lien foreclosure or both. Section 8. 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. Assessments may be paid in full and a complete release of lien executed by the City on or before the closing on the Bonds without payment of interest costs authorized by Section 6 above. After the closing on the Bonds currently anticipated to be March 17, 1997, the assessments may be paid on a fourteen year equal annual or monthly basis by payments commencing September 30, 1997 plus interest computed in accordance with Section 6. After the funding of the Bonds, the owner may pay the full and complete amount of the assessment plus interest accrued to the date of payment and upon such payment of principle and interest receive a full and complete release of lien executed by the City. All interest payments on the assessments are calculated to the date of payment. All payments shall be in accordance with the Assessment Plan attached hereto. Section 10. This Ordinance shall take effect immediately from and after its passage and it is accordingly so ordained. RROCK/PUBLIC: ASSES.ORD 2/20/97 ADOPTED this day of , 1997. CHARLES CULPEPPER, Mayor City of Round Rock, Texas ATTEST: LAND, City Secretary RROCK/PUBLIC: ASSES.ORD 2/20/97 IC. flt)tNO 110 CK CIT . 34 A1. Y IN AM 1• TS •11,1 '\ .AI •i ,1M11r1 11/ 10.,7.. , I.o IC 1 1; r• .e . • Goll AI: 1 `` ••,' If •� 1 1;0 AI: .•`• 1• •1.1 r • .� /JIB •,f 1-1• .1...'. -Tri ,r- 7` :I 9:,:• SI1 E I nl �1 _ :Luc). • • WI:• IAhl, . 11. J9/1).14 — -7. .....1 1 0 A 9 CM AC. /r_ 1' *I'' - . % '• Ah I, INE MUYhlu3SCI4 14 l./►J) IY U11. AC ., 1"i (:: L L LAHOE • 11.x`4 AC.. 3 &C. A11) 1 I,1 INC/ Mil S. / /•1 /(1 I A2 3e AC U l Cb.SZ 1 1, . • .� 1 . A `11-1 , 1r. 1n •0 1 CD .n+". 1 1 (IIAll iIO1•1•E 1.1:/+(1) II.•3.1 AC NOtlEAr 900406 e0511/41 �+ e Y6 ,•a II,F COOA_ ivl p•' .11 + I• / EOOAA 110PPE I 425/4 e/ 2 I r,1 • �WAI(II W(I.L • 4 (.1I1'.,1111 u.' 192/:du II) A1: .4 ANILIN uNI2CI) IIOLUIrns O 2399;521 III 11 Ag (UGA, IIOPPE .1/1 / •Un 2.1 uu AC , I nu Al: (1(1' r 11 St:Li :;1na1Er 1n411;;I, IJitCf'! .Ir' U 3 •IA1.1 -1..3yr +---•..vat Slie —r 1. 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Ire J 2 1 Y 3 IlYaf EXHIBIT B ENCINO PLAZA PUBLIC IMPROVEMENT DISTRICT ASSESSMENT/SERVICE PLAN Chapter 372 of the Local Government Code of the State of Texas, known as the "Public Improvement District Assessment Act" (the "Act"), authorizes and defines formation of public improvement districts within the State of Texas. By action taken by the City Council, on December 12, 1996, the City of Round Rock (the "City") passed a Resolution which authorized the establishment of Encino Plaza Public Improvement District (the "District"). In compliance with requirements outlined in various sections of the Act, this Assessment/Service Plan for the District is defined herein. Section 1. Improvements and Services to be Provided to the District. After analyzing the improvements authorized by the Act, the City determined that the following improvements (the "Improvements") which are allowed by the Act should be provided by the City within the District and will be of special benefit to the classes property described herein within the District. As such, the City authorized the acquisition or construction of the Improvements within the District which are described as follows and more specifically set forth in Exhibit "A" attached hereto: 1. Acquisition or construction of a water distribution system throughout the District, connecting to the City's master water distribution collection system. 2. Acquisition or construction of a wastewater collection system throught the District, connecting to the City's master wastewater collection system. 3. Acquisition or construction of a stormwater drainage system throughout the District, connecting to the City's master drainage system. 4. Acquisition or construction of streets or roadways to provide access to and through all property within the District, connecting to and becoming part of the City's master throroughfare plan. The services to be provided in the District (the "Services") shall consist of those necessary for the administration and operation of the District, including those of the City, the Paying Agent, Registrar, and Trustee for the Bonds in annually collecting assessments and making payment on the Bonds. RROCK/PUBLIC: ASSES3.PLN 2/18/97 Section 2. Assessment Plan. After analyzing the assessment methods allowed by the Act, the City has determined that allocating the Improvement costs between two classes (Class A and Class B) due to the different use within each class is fair and equitable. Furthermore, the City has determined allocating Improvement costs within each class based upon the ratio of the appraised value of each lot compared to the total appraised value within the class is fair and equitable and is the most reasonable means of allocating the (i) costs of the Services to be provided annually to the District ("Service Costs"), (ii) costs of the Improvements to be acquired and/or constructed within the District shown in Exhibit "A" attached hereto, (iii) costs of the Bonds, and (iv) other costs directly or indirectly relating to the acquisition, construction, and financing of the Improvements ("Improvement Costs"). (Service Costs and Improvement Costs shall be referred to collectively as "Costs"). Section 3. Assessment Roll. The District is described as being those properties more specifically described in Exhibit "B" attached hereto. Land parcels within the District may be replatted or subdivided for future transactions, however, the total value of land to be assessed shall not be adjusted or reduced unless there is a prepayment of total assessments due for a given parcel of land. Each parcel resulting from a replat or subdivision of a parcel shall continue to bear its pro rata share of the assessment against the original unplatted or subdivided parcel. Section 4. Annual Indebtedness. In accordance with Section 372.023 and 372.024 of the Act, the City will issue $2,690,000 Encino Plaza Public Improvement District Special Assessment Revenue Bonds, Taxable Series 1997 (the "Bonds"), secured by liens on all of the revenue generated through assessments within the District. The total amount of Bonds to be issued to pay the Improvement Costs is $2,690,000. The estimated annual debt service requirements on such Bonds is shown in Schedule I attached hereto. Section 5. Improvement Costs. In accordance with Sections 372.023 and 372.024 of the Act, the District will provide for the completion/acquisition of the Improvements shown on Exhibit "A" attached hereto as soon as possible upon funding (closing) the Bonds. Section 6. Costs of Establishment and Administration of the District and Costs of Bonds to be Paid From Assessments. The estimated costs of establishment and administration of the District and costs of Bonds to be paid from assessments are as follows: RROCK/PUBLIC: ASSES3.PLN 2/18/97 A) Costs of Issuance of the Bonds $155,761 B) Establishment of Reserve Fund for the Bonds 534,239 TOTAL COSTS OF ESTABLISHMENT AND ADMINISTRATION $690,000 Section 7. Total Costs to be Assessed to Pay for the Bonds. The total costs to be assessed as Improvement Costs are as follows: A) Total Costs of Improvements $2,000,000 B) Costs of Issuance of the Bonds 155,761 C) Establishment of Reserve Fund for the Bonds 534,239 TOTAL COSTS TO BE ASSESSED $2,690,000 Section 8. Annual Service Costs to be Paid with an Annual Assessment During the Term of the Bonds. The annual Service Costs to be paid by the City with annual assessments for administration and operation of the District is as follows: Trustees Annual Costs of Administration and Operation of District and Collection of Assessments $3,500 Section 9. Annual Costs of Improvements to be Paid by City. In accordance with the Act, all State and Federal laws regulating Home Rule Municipalities within the State of Texas and all the laws and regulations of the City, the City will provide for the ongoing annual maintenance, operation, and repair of the Improvements from the date of receipt and acceptance of title to the Improvements from user fees from the Authorized Improvements and from general funds. No fees or expenses related to the maintenance or repairs of the Improvements shall be due from or collected from property within the District other than those currently provided for under current City laws and regulations for any municipally -owned infrastructure improvements. Section 10. Ownership of Improvements. In accordance with the Act, the City intends to provide for the construction/acquisition and completion of those Improvements described in Exhibit "A" attached hereto. Upon completion of the Improvements, all such Improvements, including the land and the facilities and infrastructure RROCK/PUBLIC: ASSES3.PLN 2/18/97 thereon, shall be acquired by the City with proceeds of the Bonds and title to the land and Improvements shall rest in the City. Section 11. Levy of Assessments for Improvement Costs. There is to be levied by the City an assessment as set forth in Exhibit "C" attached hereto within the District to pay the Improvement Costs (the "Improvement Assessment") which shall be due on the effective date of the ordinance levying assessments. Each Improvement Assessment may be paid immediately or in periodic annual installments (the "Annual Installment") over a period of 14 years. The Annual Installment to be paid each year is shown in Exhibit "C". Each Improvement Assessment shall bear interest per annum from March 1, 1997, the date of the Bonds, until paid at the rate of ten percent (10%) per annum, calculated on the basis of a 360 day year of twelve 30 -day months. Each Annual Installment, together with the interest in the unpaid amount of an Improvement Assessment, shall be due on September 30 of each year (the "Installment Payment Date") with the first Annual Installment being due on September 30, 1997 and each subsequent Annual Installment shall be delinquent if not paid prior to November 1 of the year such Annual Installment is due (the "Delinquency Date"). The principal amount of each Annual Installment of an Improvement Assessment and the interest due on the unpaid principal amount of an Improvement Assessment on each Installment Payment Date is shown in Exhibit "C". Section 12. Prepayment of Assessments for Each Year. Pursuant to the provision of Section 372.018 (b) of the Act, an Improvement Assessment may be paid in whole or in part on any October 1 and April 1 of each year by paying the unpaid amount of the Improvement Assessment plus the interest accrued or penalties that have been imposed prior to the date of payment of the Improvement Assessment. Section 13. Levy of Assessments to Pay Annual Service Costs of Administration and Operation of District. As authorized by Section 372.003(14) of the Act, there shall be levied each year while the Bonds are outstanding and unpaid an assessment to pay the annual costs of the administration and operation of the District (the "Administration Expense Assessment"). The Administration Expense Assessment shall remain in effect from year to year until all Bonds are finally paid or until the City adjusts the levy after a hearing and determination of benefits in any year pursuant to Section 372.015(d) of the Act. Administration Expense Assessments shall be due on September 30 of each year following their levy and shall be delinquent if not paid prior to November 1 (the "Delinquency Date"). Section 14. Interest on Delinquent Administration Expense Assessments and Annual Installments. A delinquent Annual Installment and a delinquent Administration Expense Assessment will accrue interest at the rate of one percent (1%) for each month or portion of a month the Annual Installment or Administration Expense Assessment remains unpaid after it becomes delinquent. RROCK/PUBLIC: ASSES3.PLN 2/18/97 Section 15. Penalties. A delinquent Annual Installment and delinquent Administration Expense Assessment incurs a penalty of six percent (6%) of the amount of the Annual Installment or Administration Expense Assessment for the first calendar month or fraction thereof it is delinquent plus one percent (1 %) for each additional month or fraction thereof the Annual Installment or Administration Expense Assessment remains unpaid prior to January 1 of the year in which it becomes delinquent; however, an Annual Installment or Administration Expense Assessment delinquent on January 1 incurs a total penalty of twelve percent (12%) of the amount of the delinquent Annual Installment or Administration Expense Assessment without regard to the number of months the Annual Installment or the Administration Expense Assessments has been delinquent. Penalties shall not exceed the amount permitted by Chapter 372 of the Code. Section 16. Additional Penalty. If an Annual Installment or an Administration Expense Assessment remain delinquent on January 1 in the year in which the Annual Installment or the Administration Expense Assessment became delinquent, there shall be imposed an additional penalty to defray costs of collection if it is necessary for the City to contract with an attorney for the purposes of representing the City in the collection of the delinquent Annual Installment or Administration Expense Assessment. The additional penalty shall be fifteen percent (15%) of the Annual Installment or the Administration Expense Assessment and the penalties and interest on the Annual Installment or the Administration Expense Assessment. Penalties shall not exceed the amount permitted by Chapter 372 of the Code. Section 17. No Discounts or Split Payments. There will be no split payment of an Annual Installment or an Administration Expense Assessment or discount for the early payment of an Annual Installment or an Administration Expense Assessment. Section 18. Lien for Collection of Assessments. Improvement Assessments and Administrative Expense Assessments ("Assessments") together with interest, penalties, and expense of collection and reasonable attorneys fees, as permitted by the Code shall be a first and prior lien against the property assessed, superior to all other liens and claims, except liens or claims for state, county, school district, or municipal ad valorem taxes, and shall be a personal liability of and charge against the owner of the property regardless of whether the owners are named. The lien for Assessments and each Installment thereof and penalties and interest is effective from the date of the Ordinance levying the Assessments until the assessment is paid, and shall be enforced by the City in the manner provided by Vernon's Texas Tax Code for collecting ad valorem taxes on real property. RROCK/PUBLIC: ASSES3.PLN 2/18/97 Section 19. Applicability of Tax Code. To the extent not inconsistent with the Ordinance levying Assessments, and not inconsistent with Chapter 372 of the Code or the other laws governing public improvement districts, the provisions of Vernon's Texas Tax Code shall be applicable to the imposition and collection of Assessments by the City. Section 20. No Acceleration of Installments. Failure to pay an Annual Installment when due shall not accelerate the payment of the remaining Annual Installments of the Improvement Assessment and such remaining Annual Installments (together with interest thereon) shall continue to be due and payable at the same time and in the same amount and manner as if such default had not occurred. Section 21. Lien Survives Foreclosure. Any sale of property for nonpayment of an Annual Installment or Annual Installments of an Improvement Assessment per annum shall be subject to the lien established for the remaining unpaid Annual Installments of the Improvement Assessment against such property and such property may again be sold at a judicial foreclosure sale if the purchaser thereof fails to make timely payment of the nondelinquent Annual Installments of an Improvement Assessment against such property as they become due and payable pursuant to the terms of the Assessment Ordinance and the ordinance authorizing the issuance of the Bonds. RROCK/PUBLIC: ASSES3.PLN 2/18/97 SCHEDULE I Encino Plate P10 Assessment Bonds, Taxable Series 1997 Man -Rated; Level Debt Service DEBT SERVICE SCHEDULE DATE PRINCIPAL COUPON INTEREST TOTAL P+I FISCAL TOTAL 3/01/1997 - - - - - 4/01/1997 - - - - - 9/30/1997 - - - - - 10/01/1997 - - - - - ........r...vw.w.r.rn...ww..vn.wyw•nMNMMr,xM4NWWlItMNMrwWgKw.ry:f •• Nr •• r^Y•VMM•NMN«N.,r.YlrMxw:MM :=.1IMMrNrW4...-lA..xa»t M r .Ar.fx:xo5.I.7 N -K wM!xn»KN% WINI.*;. w •rt trlu •n• . M:«OM :� �l- MMt•N.MWN«rwwwAWYntMN-in�nw..w..wr.rrwr.r... n...�w'I�•.•„t%�..... ....:.�'1'^�yRh1«^wlpriYMfOnMMrW.w..wwwr:rwr: 9/30/1998 - - - - 291,416.67 10/01/1998 - - 134,500.00 134.500.00 4/01/1999 - - 134,500.00 134,500.00 - 9/30 /1.999 - ..- ....- 269,000..r.0.wi0 R.M rt ......MKxM-M.r.wNnW•w0Arr w:.r-x.741.0 .^KwNw.:ry7,.ia' .iiewii„Fl«iitM.T 4/01/2000 - - 130,000.00 130,000.00 - 9/30/2000 - - - - 354,500.00 10/01/2000 100,000.00 10.000% 130,000.00 230,000.00 4/01/2001 - - - ...........: iaw.rin..r125,000.00 125000.00 a.«wrfwrN«MKwNn« A7F«..wM1#n1l::�rwrrr.„w""Nw(l.nw'r..-NNZwNx»wMNww«Kww»..Kx 5+5j00fA�... 10/01/2001 115,000.00 10.000% 125.000.00 240,000.00 - 4/01/2002 - - 119,250.00 119.250.00 - 9/30/2002 - - - - 359,250.00 10/01/2002 125 000.00 10.000% 119 250.00 244,250.00 - ... •. • • .... ..............,.....r,.,w.rr..M.....Aw.n.w...r.w .... ,Mrl-rKlrYi:It:NV•r:rl:x-:.Mr Fifi-.w.ww. . rka:r -Kwwxr�MYl�MMwM�Mi wtm, �NeKwwnr»rw.Ni�rx.Axu.r«rt.A � ..M.v ,,.:•': M.t:.ti� �7� .'i rwl•NT�o«w .N:�FI.rtM:M` NM- 4,. .l :N may! rTri nw..'v�•7 9/30/2003 - - - - 357,250.00 10/01/2003 140,000.00 10.000% 113,000.00 253,000.00 - 4/01/2004 - - 106,000.00 106,000.00 - 9/30/2004 .nxrY.rrMw• •• - --.- ... ...w... - ... 359,000.00wr.Ir... _v1.01 �4WMy�NmIi{�yF0r--_.W4-rF00o0O .M�w1* . i:�:wN:trWO-- 4/01/2005 - - 98,250.00 98,250.00 - 9/30/2005 - - - - 359,250.00 10/01/2005 170,000.00 10.000X 96,250.00 268,250.00 - 4/01/2006 - - 89,750.00 89750.00 - .«««.• & --=4rr.M. 7-.-w-.Kt-Yn..w...,:.xM.N««.«..:.N.x.Nr:rr :x^ ::.:w:.;:mi r.,: .....n., ::::: wM 0 /� 0 �'W-`ww�0•rW-NMr.e«oiwKN«o?wl!IiiW�nrIIND«K.rMKsrwN«wr>�'"� -�-..r. WAhYM�•/ltllrwlM�iit.�.:W�x.M.w�w'-'Yw.v�n.: �� .t wr�W�VV= 10/01/2006 185,000.00 10.000% 89,750.00 274,750.00 - 4/01/2007 - - 80.500.00 80,500.00 - 9/30/2007 - - - - 355,250.00 10/01/2007 205,000.00 10.000% 80,500.00-- : Y ,YrMs.,�.yM:�o.,o- ..wwwr M-MMYMMNNI«I N•r11rtW1{xrw.✓. «4WIN1-N -KMwM.N M.Y.Met.Nv .rrNMrYn4 wN•--w--.xy,x-N-...wxll»x-x«•r»www »r: -M rr:.r:alY• ...-ff»- k:r 9/30/2008 - - - - 355,750.00 10/01/2008 230,000.00 10.000% 70,250.00 300,250.00 - 4/01/2009 - - 58,750.00 58,750.00 - _A....9/30/2009 , - - ww - w. r - 359, 00000 . r. r r.... .r,...r.rMwN.x •.� rw.r..�j��i�N'�.'��Y.w�./W:'-wrxaMwx:r�` S �ilWw•wv...rw rm�MMJR�WN:Mr:Y.xMM•rwWKx.rx : M. �rw rtlMNrw» W rA-Nrx••M •wla. t«Kai wN.:4;; NA M.rlitz"- 4/01/2010 M - - 46,250.00 46,250.00 - 9/30/2010 - - - - 355,000.00 10/01/2010 280,000.00 10.000% 46,250.00 326,250.00 - _ 4/01/2011 - - 32 250.00 32,250.00 - ''��r....w^wrr•IMKwntg:.i5....:.w-w..�t:.e:..zz;.r- K.xzxrw:<.A:zg;IMv-.tnMiM.:r..i.r:rw'N wWA•xwrnrw u,�•}�/�. wALTwW�{�,M MrN...w •�. NM:Y91wYAMIrMMNrM-x..A:Y.trM.r.NPNMWfMriI.NnM:�i.nMrn....w...rn..w.�.Y.YNYM!• 10/01/2011 305,000.00 10.000% 32,250.00 337,250.00 - 4/01/2012 - - 17,000.00 17,000_00 - 9/30/2012 - - - - 354,250.00 10/01/2012 340 000.00 10.000% «.rA17,000.00 3570000.00 - rM_MWTol_Q KWaAwM_MrNM«MwMwxYM«wxwMz'-- MwMM114 NEan.:'r �M.«NvWµNNt'.41.:44::.'''''....«M:I 9/30/2013 - - - - 357,000.00 TOTAL 2,690,000.00 - 2,867,416.67 5,557,416.67 - First Southwest company Public Finance Deportment FILE - RROCICREF-s97PID 2/10/1997 10:58 AM tt A ENCINO PLAZA COtiNSt TRU F10N COSTS Water Improvements No. Description Quantity Unit Unit Price Total Price 1 8" Water C-900 848 L.F. 525.00 S21,200.00 2 12" Water C-900 1,980 L.F. 532.00 563,360.00 3 Single Water Service 9 EA 51,570.00 514,130.00 4 5-1/4" Fire I lydrant & 6" (gate Valve 7 EA 51,700.00 511.900.00 5 12" Wet Connection 1 EA 57,500.00 57,500.00 6 8" Wet Connection 1 EA 53,700.00 53,700.00 7 8" Gate Valve 3 EA 5520.00 51,560.00 8 12" Gate Valve 4 EA $1,000.00 54,000.00 9 Raise Gate Valve 7 EA S260.00 51.820.00 Total Water Improvements S129,170.00 Wastewater Improvements No. Description Quantity Unit Unit Price Total Price I 8" PVC (All Depths) 755 L.F. 525.00 518,875.00 2 12" PVC (All Depths) 1,195 L.F. 539.00 546,605.00 3 Single Wastewater 8 EA S620.00 54,960.00 4 Manholes 9 EA 53,000.00 S27,000.00 5 Trcnch Safety 1,950 L.F. 52.50 54,875.00 Total Wastewater Improvements 5102.315.00 Street Improvements (Includes internal streets only) No. Description Quantity Unit Unit Price Total Price 1 Excavation/Subgradc Preparation 9,700 S.Y. $3.00 $29,100.00 2 lir Flex 13asc 9,700 S.Y. 54.50 543,650.00 3 2" Asphalt • 9,050 S.Y. 54.00 536,200.00 4 ('urh and (;utter 5,600 LI'. 56.00 533,600.00 5 6' Valley Gutter 2 EA $1,500.00 53,000.00 6 Street Signage 4 IsA 5150.00 5600.00 7 Revegetauun I 1..S. 57,000.00 57,000.00 8 Handicapped Sidewalk Ramps 2 1A $500.00 51,000.00 9 5' Concrete Sidewalk 3,500 I..F. 510.50 536,750.00 Total Street Improvements 5190900.00 Drainage Improvements No. Description Quantity Unit Unit Price Total Price I 18" RCP 210 I..F. 532.00 S6,720.00 2 24" RCP 666 1..1". 535.00 523,310.00 3 30" RC1' 340 LI". 545.00 515,300.00 4 36" RCI' 800 LI'. 558. 00 S46,400.00 5 18" CGMI' 150 LI'. 527.50 54,125.00 6 10' Curb Inlet 5 EA 51,800.00 59,000.00 7 15' Curb Inlet 1 EA 52,500.00 52,500.00 8 Standard Storm Manhole 5 EA 51,600.00 58,000.00 9 Junction Type Manholes 8 EA 52,900.00 523,200.00 10 Concrete Slopewalis 4 EA 5620.00 52,480.00 1 I Trench Salety 1,576 L.F. 52.75 54,334.00 12 Temporary Erosion Control 1 L.S. 51 1,000.00 511,000.00 11 Concrete 1 leadwall (18" RCP) 6 EA $1,000.00 56,000.00 14 Pond 1 1 L.S. 5186,000.00 5186,00.00 15 Pond 2 1 L.S. 570,000.00 570,000.00 16 Pond 3 1 L.S. 51 10.000.00 5110,000.00 Total Drainage Improvements 5528,369.00 Encino Plaza Construction Costs - Page 2 Off -Site Improvements No. Description Quantity Unit Unit Price Total Price 1 12" PVC (All Depths) 1,300 I..F. S40.00 S52,000.00 2 12" 1) I. (All Depths) Uncoated 330 L.P. 575.00 528,500.00 3 30" 1).1. (All Depths) Uncoated 50 L.I. 5200.00 510,000.00 4 Manholes 7 EA 53,100.00 521,700.00 5 Concrete kncaseincnl of 12" I),I 300 L.P. 552.00 515,600.00 t, Rcpatr 1)rlvcHa‘s 100 I..1. S66.(X) 56,600.00 7 temporary 1•:rosuai ContluIs 1 1..S. 55.250.(0 S5,250.00 x 'I tench Safety 1,380 1..1'. S3.(X) 54,140.00 () Prep Pipe Row 13.5 STA 5600.00 58,100.00 IO Permanent krostun Control 1 I..S. S4.200.00 54.200.00 Total Off -Site Improvements 5156,090.00 Total Water, Wastewater. Street, Drainage, and Off -Site Improvements 51,106,844.00 Engineer Based on 10% of Total Improvement Cost 5110,684.40 Contingency Cost of 10% of Total Improvement Costs 5110,684.40 Land No. 1 Description Quantity Unit Unit Price Total Price Land for Detention and Water Quality Ponds 72,000 S.P. 56.00 5432,000.00 GRAND TOTAL 51,760,212.80 ROUND ROCK NISSAN CONSTRUCTION COSTS Water Improvements No. Description Upgrade Water Pressure Plane including distant I'RV valve and engineering Total Water Improvements Total Price S20,000.00 S20,000.00 Wastewater Improvements No. Description 2 12" Water and Wastewater Service Lines including connections and manholes Total Wastewater Improvements Total Price 573,425.00 S73,425.00 Drainage Improvements (Conveyance Lot 2) No. Description Total Price . 3 Drainage Conveyance (Lot 2) 539,925.00 Drainage Improvements (Lot 1) 4 Drainage. Filtration. Detention (1.ot 1) S81,120.00 Total Drainage Improvements S121,045.00 Total Water, Wastewater, and Drainage Improvements 5214,470.00 Engineering and Contingency Costs 518,785.00 GRAND TOTAL S233,255.00 Al. IC. nOur4OflOCK CI 01 1: --7 'a 7 34 AC TS • EXHIBIT B ine.L# . 11(14. •te:,, % J9/1154 • Go b A1:1 At: 4.011;1 .411 4.• ••00/ •• /1.4 4).. 4C 4440. 4141111'•• • . .ou :f 5 00 AC. 41: £?(, fl( I41//(4 1;6 (1114 AC ::u '!II :‘ .1 I4. 4. LANOE • 146? 1Z0 3 AC. AtiSlIt1 IMP 1441 S. 114C 1 /I /(1 1 42 56 AC cc) ? cs.c-z_ • 1 (2,ALC,A,c'11.71.; I ,^,L)L;1.11(nj,.--=":-I 1 11A1All lloPPE -,L IP 14:9/4 CI 5 tA '.0 (4.94 AC l• 4 1 ..,.. '...). ROHR BEHRENS 2 V054i/0.14 616 AC. f 0.00 A .• 0'6°,2 1 (00A0 11005PC 4.) T429/403 r.r.^-; SAC .f'•1,4`,1 ••••• i" y41. z....Afr,. wri.L • ci tr on II n 6. 19Z/511./ II Al: 1 .14122: ••••••••• • 7. mut; uNtrEt) lioLutuns (I) 2599 /92i 114 4,Ac rOGArt liopPE 0 24 1.313 AC • ( 04) AC 11(4. (Id 1.111.41 110PLir ...,••••":;1/1CliEf. IMCP: 0 • S*5) 1 It 3 •11114 1•••••ArarcaW.1 ;;; •Ii q1!!!. I2650/ 3 ...-----1 5se P M P1101' . • 15.1/...3j ". •o•:.1. ..:: 2.151 A4: ; 4,-- 4- • ,it:.2.!,---.4:• 7 .11 ,,,,,;.•IC I:I!. s'• ::1:.; tv.:-; 2 .:, n 1 AV 1:S a . 1 ii TV."' ...4.. 44 44 0• ..f .10. :', .5 • . •; - ,,, • .4, • "...".t..L... :i..1 9 4( t.e. o PAL . -v.' ,3101 • ••,77.4.... VOW' .... • .14•v. .JJ . 3. 3 .1 '••'k • 1 •• 1044. ., s. :4 Tnt„....:is.::;.....::. v. • 44 7 . 7 ' ..........._.:.......0,r,,._-, _,.p'',, .6 ill :111....,:, 2 • ..„ • ,,,,,..- .6., /Airit ,fr. '.... 6 0:06 . i 1..),,i 1 : <l is 1.11/ it• r.: c ):3133. 1 ; v LOT I 610 AC 51.1e. -C-7" 1 9.36 Ac. FDR e.R.' 17 H AND AUGMENT. - 46' FROM THE C.R. 173 amis. 8375' PER E/382) i LONE STAR GAS 30 S. HARW00D ST. 908 N DALLAS. TX 75201 , 147 41131' E 5g5.01' 20'E 564.50.) LOT 1 4.9992 AC. BOCK A 15' P.U.E. _ 588'25'43' 71 15' P.U.E. 15' P.0 LOT 2 4.9992 AC. 1.5 a 1 N ui a N POINT OF BEGINNING METES AND BOUNDS DESCRIPTION 1.14' N88.25'43" W 587.16' (N8758'30'W 588.35' 2399/521) BENCH MARK — SQUARE CUT IN HEADWALL OF BOX CULV. APPROX. 43' SOUTH OF SE' COR. 10 AC. TRACT 2399/521. S041 (S02 1 ke m 1 a_ I I — r \ erl o me $ die �;; 1saa ,1 � : r..l i m r74 a- W W •w •••••J A•M•AI /W.W row st ,=== iil! I 3' .LIMA aw,Oralim 44 TV" a—mtltsabli—f !$ P. At. .._. ••—_., i 4 0 s 4., grf A s • L.AA J. 1 i CTr--•�- --.1 SFIT c...,WOLLZ a`�---.• LANS L / x s -4 1 I X1 r ;1* a§ ;mach ifr j �: 4.b 1 Zig I" Sci w E4 Oil4iO4E( !!4H! f + • -•1 A sti I I ; a7 ` Yf�I Lr•� I1 �. • ig 1 +�1 7 •1611s0. .1••••••• ////1. As g X • 2 m go r V � r l : • V 0 glow EXHIBIT C Encina Plaza PID Assessments Allocation Summary 1/15/97 Total Ass ssm.nt $$e00,000.00 (plus accrued intimate); Maximum Annual Assmiament 5350.250 00 (1) Class A (85.30% of Total Assessment): Parcel Description: Total Initial Annual Retail Assessment Assessment Assessment Value Alocafion% 1 LiabSity Lot 1, Block A $ 972.607.00 Lot 2, Block A 457,206.00 Lott Block B 1.488546.00 Lot 2. Block B 1,628,869.00 Lot 3, Block C - Lot 1, Blodk C 315,043.00 id 2, Bock C 1,244,357.00 $ 6,107,048.00 Class B (11.70% of Total Assessment): Parcel Description: 0.15925976 0.07486630 0.24380781 0.26872281 0 0.06158679 0.20376793 $ 378.284.93 $ 177,825.31 $ 579,109.38 $ 633,538.69 $ 122.532.55 $ 483,979.14 1.00000000 $ 2,375,270.00 $ 50,520.02 $ 23,748.60 $ 77,340.17 $ 84,60921 $ 16.364.25 $ 64,635.50 $ 317,217.75 Lot 1 $ 815,000.00 0.48367953 $ 152228.46 $ 20,330.14 Lot 2 $ 870.000.00 051632047 $ 162,501.54 $ 21.70211 $1,686,000.00 1.00000000 $ 314,730.00 5 42,032.25 5 2,690,000.00 $ 359,250.00 (1) Total initial Assessment as shown does not include accrued interest. See Schedule 1 for breakdown of Assessment Payoff by Band Interest Payment dates. (2) Annual Assessment Payment Due 9/30, Beginning 9130/97 and continuing through 9/30/2013. DATE: February 25, 1997 SUBJECT: City Council Meeting, February 27, 1997 ITEM: 9. E. Consider an "Ordinance Closing Hearing and Levying Assessments for the Cost of Certain Improvements to be Provided in the Encino Plaza Public Improvement District; Fixing Charges and Liens Against the Property in the District and Against the Owners Thereof; Providing for the Collection of the Assessment; and Providing an Effective Date." (First Reading) STAFF RESOURCE PERSON: David Kautz STAFF RECOMMENDATION: The purpose of this ordinance is to establish the assessment plan for the property owners in the Encino Plaza Public Improvement District (PID). The assessments levied by the City are to pay the improvement costs including financing costs for the PID. Costs of the PID are to be financed by the issuance of PID Assessment Bonds, taxable bonds issued in the aggregate amount of $2,690,000 at 10% interest and maturing from 1999 to 2013. The bonds are to be repaid through the proposed assessments to property owners.