HomeMy WebLinkAbout1906 04-26-2011ORDINANCE NO. 1906
APPROVING THE LEVY OF A SPECIAL ASSESSMENT FOR
THE GLADE PARKS PUBLIC IMPROVEMENT DISTRICT
( "PID"); APPROVING AN ASSESSMENT ROLL AND
LEVYING AN ASSESSMENT FOR FISCAL YEAR 2010/2011
AT A RATE OF $0.00 PER $100 VALUE OF REAL
PROPERTY IN THE PID; AND APPROVING THE FISCAL
YEAR 2010/2011 SERVICE AND ASSESSMENT PLAN FOR
THE PID.
WHEREAS, the City of Euless has created the Glade Parks Public
Improvement District (the "PID ") pursuant to Chapter 372 of the Texas Local
Government Code (the "Act "); and
WHEREAS, in accordance with the Act, the City Council has filed a
proposed assessment roll for the PID with the City Secretary and made it
available for public inspection; and
WHEREAS, the Act requires a public hearing to be held to consider oral
and written objections to levying of a special assessment to fund improvements
for the PID; and
WHEREAS, the Act requires notice of the public hearing to be advertised
in a newspaper of general circulation at least ten (10) days before the public
hearing to consider the proposed levy of a special assessment on real property
within the PID; and
WHEREAS, the Act requires that all property owners within the PID must
be notified in writing of the proposed action and public hearing, and
WHEREAS, notices were mailed to the individual property owners within
the PID on April 12, 2011, and the required published notice appeared in the Fort
Worth Star Telegram on April 15, 2011; and
WHEREAS, a public hearing was held and closed on April 26, 2011, in the
Euless City Council Chambers, to consider the approval of the FY 2010/2011
Service and Assessment Plan of the PID and to levy a special assessment for FY
2010/2011 at $0.00 per $100 value of real property in the PID to fund
improvements in the PID; and
WHEREAS, the FY 2010/2011 Service and Assessment Plan includes the
methods of apportioning the costs and assessing the special benefits against
properties within the PID; and
WHEREAS, at or on the adjournment of the public hearing the City
Council heard and passed on any objections to the levying of the special
assessment; and
WHEREAS, it is officially found and determined that the meeting at which
this Ordinance was passed was open to the public, and public notice of the time,
place and purpose of said meeting was given, all as required by the Texas Open
Meetings Act, and
WHEREAS, the City Council desires to levy a special assessment to fund
improvements for the PID for FY 2010/2011 at a rate of $0.00 per $100 value of
real property in the PID and approve the FY 2010/2011 Service and Assessment
Plan of the PID.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF EULESS, TEXAS:
Section 1. The City Council of the City of Euless, Texas following a
public hearing held in accordance with Chapter 372, Texas Local Government
Code, hereby approves the levy of a special assessment to fund improvements
in the PID.
Section 2. The City Council hereby levies a special assessment on all
real property within the PID at a rate of $0.00 per $100 valuation of real property
in the PID during the Fiscal Year ( "FY ") 2010/2011 to fund improvements in the
PID.
Section 3. The City Council hereby approves the FY 2010/2011 Service
and Assessment Plan, attached hereto as Exhibit A.
Section 4. The City Council hereby finds that the statements set forth in
the recitals of this Ordinance are true and correct, and the City Council hereby
incorporates such recitals as part of this Ordinance.
Section 5. This Ordinance shall be in full force and effect from and after
its passage and publication as provided by the Euless City Charter and the laws
of the State of Texas.
Ordinance No. 1906, Page 2 of 3
PRESENTED AND GIVEN FIRST AND FINAL READING AND APPROVED at a
Regular Meeting of the Euless City Council on the 26th day of April, 2011 by a
vote of 5 ayes, o nays, and o abstentions.
APPROVED:
4aLrybb Sal h, or
APPROVED AS TO FORM:
Wayne K. Olson, City Attorney
Ordinance No. 1906, Page 3 of 3
ATTEST:
n Crim, T MC, City Secretary
EXHIBIT A
FY 2010/2011 - Service and Assessment Plan
Glade Parks Public Improvement District (PID)
City of Euless, Texas
1. Introduction
On December 14, 2010, the City Council of the City of Euless, Texas passed and
adopted Resolution No. 10 -1350 (Appendix A) establishing the Glade Parks Public
Improvement District (PID).
2. Nature of the Improvements
The general nature of the improvements to be funded by the PID over the next
five (5) years and beyond is the construction of public infrastructure, pedestrian
amenities and linkages and other improvements that are authorized by Chapter 372 of
the Texas Local Government Code.
3.
Authorized Improvements
Total Debt
Phase 1
2011
Estimated Costs
1)
Construction of Rio Grand Boulevard
$3,911,023
2)
Construction of Rio Grande Bridge
$1,016,065
3)
Construction of Heritage Drive
$231,767
4)
SH — 121 improvements
$1,297,164
5)
Landscaping
$517,029
6)
Wetland mitigation
$296,000
7)
Construction of Brazos and remaining streets
$3,494,309
8)
Main Entrance and Median (Chisolm Trail)
$587,247
9)
Administrative & Financing Costs
$750,000
Total Costs
$12,100,604*
* does not include interest costs associated with financing the improvements.
4. Financing of Improvements
The Authorized Improvements will be funded through the issuance of certificates
of obligation by the City of Euless. While the PID will not issue any debt, it will be
responsible for all of the costs associated with Authorized Improvements including
interest and financing costs (with the exception of TIRZ contributions as described
below). It is anticipated that the certificates of obligation will be issued in three separate
phases to pay for the Authorized Improvements on an as needed basis. The expected
debt issuance schedule is shown below.
The detailed amortization of the Authorized Improvements is attached as Appendix B.
Year
Total Debt
Phase 1
2011
$3,000,000
Phase 2
2012
$6,000,000
Phase 3
2013
$3,100,000
Total Issuance
$12,100,000
The detailed amortization of the Authorized Improvements is attached as Appendix B.
S. Assessment Plan
In addition to the use of PID funds it is anticipated that Tax Increment
Reinvestment Zone Number Three, City of Euless, Texas — Glade Parks (the "TIRZ ") will
contribute to the costs of the Authorized Improvements. As the TIRZ fund begins to
accrue revenue from the incremental increase in property values, the PID assessment
will be decreased by an amount equal to the total amount of revenue received in the
TIRZ fund annually. A more detailed description of the PID assessment calculation
methodology and the relationship between the PID and the TIRZ is described below.
PID Assessment Calculation A - B = C
The PID assessment will be calculated annually and be equal to the total debt service
costs less any revenue collected by the TIRZ. In the example above (A) represents total
debt service (B) represents TIRZ funds and (C) represents total PID assessment
revenue. For a concrete example we will use the 2012 estimated assessment. In 2012 it
is anticipated that the Phase 1 & Phase 2 debt will have been issued and the total debt
service payments (A) are estimated to equal $264,895 while the TIRZ Revenue (B) is
estimated to be $68,458.
PID Assessment Calculation $264,895 — $68,458 = $196,437
Therefore PID assessment would be set to a millage rate that provides revenue equal to
$196,437. To calculate the millage rate divide the PID assessment revenue (C) by the
estimated taxable value of the PID and multiply the resulting number by 100 to find the
tax rate per $100 value.
Millage Calculation ($196,4371$25,976,103)'` 100 = 0.344655
The annual assessment plan is attached as Appendix C.
6. Levy of Assessments
The assessment year shall be concurrent with the City's tax year.
7. Assessment Roll
The Assessment Roll for the next five years is attached as Appendix D.
APPENDIX A
RESOLUTION NO. 10 -1350
A RESOLUTION CREATING, AUTHORIZING, AND
ESTABLISHING THE GLADE PARKS PUBLIC
IMPROVEMENT DISTRICT; AUTHORIZING
ASSESSMENT METHOD AND COLLECTION
SERVICE THEREOF; AND PROVIDING FOR
PUBLICATION AND 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 October 4, 2010, owners of real property located near the
intersection of SH -121 and Cheek Sparger Road delivered to the City of Euless a
Petition (the "Petition ") to establish the Glade Parks Public Improvement District
(the "District ") that is shown on the map attached hereto and made a part hereof
and labeled Exhibit A (the "PID Boundary"); and
WHEREAS, the Act states that the Petition is sufficient if signed by
owners of more than 50 percent of taxable real property, according to appraised
value, and either of the following: more than 50 percent of the area of all taxable
real property liable for assessment under the proposal, or more than 50 percent
of all record owners of property liable for assessment; and
WHEREAS, City staff has reviewed the Petition and determined that
owners of more than 50 percent of the appraised value of the taxable real
property liable for assessment, and owners of more than 50 percent of the area
of all taxable real property liable for assessment within the District have executed
the petition; and
WHEREAS, the Act further requires that prior to the adoption of the
resolution providing for the establishment of the Glade Parks Public Improvement
District to provide supplemental public improvements to be funded by
assessments on real property and real property improvements, the City Council
must hold a public hearing on the advisability of the improvements; the nature of
the improvement; the estimated cost of the improvement; the boundaries of the
public improvement district; the method of assessment; and the apportionment of
costs between the district and the municipality as a whole; and
WHEREAS, after providing notices required by Section 372.009 of the
Act, the City Council on November 23, 2010, conducted a public hearing on the
advisability of the improvements, and adjourned such public hearing.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EULESS, TEXAS, THAT:
Section 1. Pursuant to the requirements of the Act, the City Council,
after considering the Petition for the proposed District and the evidence and
testimony presented at the public hearing on November 23, 2010, hereby finds
and declares:
(a) Advisability of Improvements Proposed for the District. It is
advisable to create the District to provide the improvements described
in this Resolution.
(b) Nature of the Improvements. The general nature of the
improvements to be performed by the District is to construct public
infrastructure, produce pedestrian amenities and linkages and provide
other improvements that are authorized by the Act.
(c) Estimated Cost of the Improvements. The total estimated cost of
improvements provided by the District is approximately twelve million,
one hundred thousand, six hundred and four dollars ($12,100,604).
The estimated costs do not include any interest costs associated with
debt service. The District shall incur no bonded indebtedness, but will
be responsible for indebtedness, including principal, interest and other
financing costs, incurred by the City of Euless to finance improvements
that are listed as Authorized Improvements attached hereto and made
a part here of and labeled Exhibit B (the "Authorized Improvements ").
(d) Boundaries. The District is located wholly within the City of Euless,
Texas. The boundaries of the District are shown on the map of the
District (Exhibit A).
(e) Method of Assessment. The method of assessment is based on
a variable assessment rate on the value of property in the Public
Improvement District (PID) equal to the annual debt service costs
incurred by the City of Euless to fund Authorized Improvements within
the PID less any available incremental tax revenue generated from
City of Euless Tax Increment Reinvestment Zone Number Three. The
Service Plan will reflect the District's intention to reduce the annual
assessment rate proportional to the annual incremental revenue
received from City of Euless Tax Increment Reinvestment Zone
Number Three.
(f) Apportionment of Cost Between District and Municipality. All of
the costs of the Authorized Improvements will be paid from the
assessments or available incremental tax revenue generated from the
City of Euless Tax Increment Reinvestment Zone Number Three and
from other sources of funds, if any, available to the Owner. The City
will at no time be responsible to fund the costs of the Authorized
Improvements with any revenue other than paid from the assessments
Resolution No. 10 -1350 Page 2 of 7
or that which is available in the City of Euless Tax Increment
Reinvestment Zone Number Three.
The City of Euless is not responsible for payment of assessments
against exempt City property in the District, which is specially
benefited. Property owned by tax - exempt religious organizations will
be exempt from assessment, as will property owned by persons
receiving and qualifying for 65-or -older homestead exemption under
Section 11.13 (c) or (d) of the Texas Property Tax Code. Payment of
assessment by other exempt jurisdictions must be established by
contract. No such contracts are in place, nor are any proposed. City
rights -of -way and city parks are not subject to assessment. Properties
otherwise exempt from ad valorem taxes are not subject to
assessment.
(g) Assessment Roll and Setting of Rate. The City Manager shall
annually prepare an assessment roll and file that roll with the City
Secretary, in conformity with the exemptions from assessment
established under subparagraph (f) above. The annual assessment
installment for each year shall equal the City of Euless annual debt
service for Authorized Improvements constructed under subparagraph
(b) above less any available incremental tax revenue generated from
City of Euless Tax Increment Reinvestment Zone Number Three.
(h) The findings set forth in the preamble of this Resolution are hereby
found to be true and correct.
Section 2. The Glade Parks Public Improvement District is hereby
authorized and established as a Public Improvement District under the Act in
accordance with the findings as to the advisability of the improvements contained
in this Resolution. The District shall be subject to all of the terms, conditions,
limitations and reservations contained in the findings of Section 1 of this
Resolution.
Section 3. The City Secretary is directed to give notice of the
authorization for the establishment of the District by publishing the caption of this
Resolution once in the newspaper of general circulation in the City of Euless.
Such authorization shall take effect and the District shall be deemed to be
established effective upon the publication of such notice. The District shall
automatically dissolve on December 31, 2035 unless the District is renewed
through the petition and approval process as provided by the Act or the District is
sooner terminated as provided by law. The power of the City to continue to levy
and collect assessments within the District will cease and the District will be
dissolved upon the date that all indebtedness incurred by the City of Euless to
finance the Authorized Improvements has been liquidated and a petition
requesting dissolution is filed with the City Secretary of the City of Euless and the
Resolution No. 10 -1350 Page 3 of 7
petition contains the signatures of at least enough property owners in the District
to make the petition sufficient for creation of a public improvement district as
provided in Section 372.005(b) of the Act.
Section 4, The City Secretary will provide assessment collection
services for collection of the special assessments.
Section 5. This Resolution shall take effect immediately from and after
its passage in accordance with the Charter of the City of Euless and upon
publication, and it is accordingly so resolved.
APPROVED at a regular meeting of the Euless City Council on the 14th
day of December 2010 by a vote of 7 ayes, o nays, and o abstentions.
APPROVED:
Mary Lib S h, Mayor
Resolution No. 10 -1350 Page 4 of 7
ATTEST:
usan Crim TRMC, City - Secretary
Exhibit A
Resolution No. 10-1350 Page 5 of 7
Exhibit A
Beginning at the point of intersection of the west right -of -way (ROW) line of State
Highway 121 and the north ROW line of Cheek Sparger Road, thence
Westward to a point where said line intersects with the western property line of
Bbb & C RY Survey Abstract 204 Tracts 5 & 5e, thence
Northward along the west property of line Bbb & C RY Survey Abstract 204
Tracts 5 & 5e to a point where said line intersects with the western property line
of Doss, Jesse Survey abstract 441 Tract 6B, thence
Northward along the west property line of Doss, Jesse Survey abstract 441 Tract
6B to a point where said line intersects with the western property line of Doss,
Jesse Survey abstract 441 Tract 6B1, thence
Northward along the western property line of Doss, Jesse Survey abstract 441
Tract 6B1 to a point where said line intersects with the southern property line of
the Doss, Jesse Survey Abstract 441 tract 3c, thence
West along the southern property line of the Doss, Jesse Survey Abstract 441
tract 3c to a point where said line intersects with the western property line of the
Doss, Jesse Survey Abstract 441 tract 3c, thence
North along the western property line of the Doss, Jesse Survey Abstract 441
tract 3c to a point where said line intersects with the southern property line of
Doss, Jesse Survey Abstract 441 Tract 5, thence
West along the southern property line of Doss, Jesse Survey Abstract 441 Tract
5 to a point where said property line intersects with the eastern ROW line of
Heritage Avenue, thence
Northward along the eastern ROW line of Heritage Avenue to a point where said
line intersects with the northern property line of Havins, John H Survey, Abstract
685 Tract 2A, thance
Eastward along the northern property line of Havins, John H Survey, Abstract
685 Tract 2A to a point where said line intersects with the western ROW line of
State Highway 121, thence
Southward along the western ROW line of State Highway 121 to a point where
said line intersects with the northern ROW line of , Cheek Sparger Road, which is
the point of beginning
Resolution No. 10 -1350 Page 6 of 7
Exhibit B
Authorized Improvements
Estimated Costs
1)
Construction of Rio Grand Boulevard
$3,911,023
2)
Construction of Rio Grande Bridge
$1,016,065
3)
Construction of Heritage Drive
$231,767
4)
SH — 121 improvements
$1,297,164
5)
Landscaping
$517,029
6)
Wetland mitigation
$296,000
7)
Construction of Brazos and remaining streets
$3,494,309
8)
Main Entrance and Median (Chisolm Trail)
$587,247
9)
Administrative & Financing Costs
$750,000
Total Costs
$12,100,604*
* $12,100,604 does not include interest costs associated with financing the
improvements.
Resolution No. 10 -1350 Page 7 of 7
APPENDIX 3
Glade Parks PID Service Plan (Estimated Annual Indebtedness)
0'152011
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0
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0
0
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SO
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567000
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0
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0
so
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$O
09130,011
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&1531012
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50
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50
&1 &2012
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p
f0
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so
0811512012
SO
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$57.497
557,497
s0
&132012
s0
0
!168.000
3168.000
$0
&15/2012
SO
0
s0
$0
$0
so
a &30'2012
0 211
$0
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SO
s0
3114994
9/302012
s0
0
s0
s0
S188,O0
9/,yk2o12
s0
0
s0
$0
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s0
510 1 7
0 &152013
$0
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$51,497
$57,497
SO
271520 ;3
50
0
5;35,000
11 35.000
$0
2/15/2013
so
0
SO
f0
W
093&2013
$125,000
300%
551,497
$182,497
s0
&15,2017
s0
0
635.000
5135,000
$0
811512'13
$0
0
S95,356
$95,3%
s0
02/152014
SO
000%
f0
s0
$239,990
910=13
s0
0
s0
$0
$270000
930,13
s0
0
f0
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595,358
0&1512014
50
$130.000
000%
3.00%
555.622
$55.622
$0
2715,014
s0
000%
5135,000
$135,000
s0
2715,2014
s0
0
$76.825
$76$625
so
04307201/
s0
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555.622
5185.622
s0
&152014
$225,000
450%
$135,000
$360000
so
&131014
so
0
$76,625
$78,625
s0
0 2/1 520 1 5
$0
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s0
S53.672
so
$241140
9301014
s0
0
so
s0
$495,000
9/30,2014
s0
000%
SO
So
1153150
0&15,2015
5130,000
300%
$53,672
$53,672
$167,672
s0
s0
'1512015
&131013
s0
000%
$129,938
$129,938
so
27152015
$0
000%
$78,625
$78,625
s0
09/3011015
$0
000%
5,,1
$0
$237,344
91302015
$235,000
4.50%
$129938
$304.938
s0
&152015
5110.000
500%
$78,625
$186,625
50
M16
$0
000%
$51722
551,722
s0
&168016
SO
$0
0
$0
so
${9/,875
93 2015
s0
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s0
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5263,250
.2t
0&t SOWS
$135,000
300%
$51,722
S188722
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&151016
%245.000
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450%
$124.650
$124,050
s0
2715,2018
$0
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$73,875
$73.875
$0
0&3(,2016
$0
0009E
SO
$0
$238,444
9302016
so
$993,963
$124,650
$369,850
s0
&16,2018
$115,000
500%
$7MM
$188,875
$0
02/1572017
$0
0W%
$49,697
549,897
$0
2715,2017
$0
0
0.00%
s0
s0
5494,300
9IM2016
$0
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to
s0
$262,750
0&1512017
$140.000
30/%
$49,697
3169,697
s0
&1$2017
$255,000
4.50%
Stt9.136
$119,136
$0
25132017
$0
000%
$71,000
$71.000
$0
0&3620;7
$0
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$0
f0
$239,394
930.1017
s0
$755,650
S1 /9.130
S374,138
60
&15,2017
119,000
6.0/%
$71,000
$191,000
f0
02/152018
f0
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$41,597
547,597
s0
2/15,2018
$0
0
00/%
s0
s0
993,275
WA2017
s0
00/%
SO
$6
$282.000
0 &152018
$146000
300%
$47,597
$192,597
s0
&15,2018
$265,000
4.50%
$113,40/
5113,400
s0
2715,2018
s0
000%
$68,000
S68,000
s0
0 913 6/0 1 8
so
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s0
s0
5240.191
97702018
s0
$113,400
$376,400
s0
&152018
$125,000
500%
$88,000
$193,000
$0
02/152019
$0
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$45,422
545,422
s0
2715,2019
s0
0
0.00%
$0
s0
$495.60/
9rJOQO18
s0
0.00%
S9
SD
$281,000
0&1&2019
1150,000
4.00%
545.422
$195.422
$0
&15,2019
$280,000
450%
$107.438
$107,438
$107438
s0
27152019
$0
O.0/%
$60,875
$84,875
s0
09'!02019
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$0
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$2d0,Ba/
990,2019
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&1$919
$130000
5.00%
$64,875
$194,875
$O
M2 SW20
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0.00%
$42,422
542,422
$6
5,1572020
s0
0.0/%
$101,138
$101.138
$494,875
913,019
$0
0.00%
50
s0
(259,750
0&152020
$155,000
400%
142,422
5197422
50
&152020
$290,000
450%
$101.138
5391,138
s0
2715,2020
$0
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S61.625
$61,623
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09901DM
s0
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$239,844
43&202o
$0
0
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50
&1512020
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$81,625
$201,625
SQ
02;52021
$0
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$39,322
$39.322
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5,152021
s0
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$94,813
so
591,613
992275
9/;10/2020
s0
0.00%
SO
SO
$263,250
08115,2021
5100,000
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239,322
$199,322
60
&152011
$305,000
4.50%
594,613
5399,613
$0
So
219/2021
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$58125
$58,125
so
0&3612021
SO
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$238,041
990/202/
s0
0
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&1$921
$145,000
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156,125
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02/152022
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$36,172
138,122
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27131022
$0
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$81,750
$87.750
$494.225
97302021
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W
$0
$261150
0611&2022
6M,ODO
400%
$38122
$201,122
$0
&152022
$320000
450%
$87,750
5407.750
$0
$0
2/15/232
&15,2022
$0
0.00%
534.500
554,500
$0
09302022
$0
00/%
s0
$0
1237,244
4362022
$0
0
s0
s0
$495.500
$15540W
5.0/%
$51,500
$209,500
$0
027152013
$0
000%
$32,822
$32,822
$o
2/15/2023
so
0.00%
S805W
$80,550
s0
9/7072022
$0
0.00%
$0
$0
$264.000
0&151023
$175.000
400%
$32,822
$207,822
$0
&151023
$330,000
450%
580,550
5410,550
s0
2/55,2023
$0
000%
$50,625
550,625
s0
0 913 012 0 2 3
$0
0.00%
50
SO
$240,644
43(12023
s0
0
s0
&151023
$160,000
5.00%
$50625
$210,625
s0
02/;52024
$0
000%
$29,322
$29322
s0
2/152024
s0
000%
$73,125
30
$73,125
$491,100
97302023
s0
0.00%
SO
s0
$261,250
0&t 5110.24
$i80.OW
4.00%
529,322
5209,322
f0
&152024
$305,000
450%
$73,125
5418,125
$0
SO
2/15,2024
so
0.00%
546,825
546,625
$0
0 9/3 02 021
$0
000%
is
SO
1236644
97072024
$0
0
$0
$0
5491,250
&151024
4362024
$170,000
5.0/%
518,625
5216,625
s0
021152025
SO
000%
$25,722
$25,722
$0
2/152025
s0
0.00%
565,363
$65,363
s0
2/152025
s0
s0
000%
0.00%
s0
s0
$263,250
0 &152025
SI85.000
400%
$25,722
$210,722
$0
&151025
$365,OW
4.50%
(65383
$430,383
Sp
&152025
5180,000
5.00%
$42,375
S42,3T5
f0
90&2025
50
000%
SO
$0
$ 236.444
93072025
s0
0
$0
s0
1495725
95,10.8025
$0
142,371
5222375
s0
2715,2028
50
0.00%
$22,022
$22,022
$0
2/152026
s0
0.00%
s57,150
$57,160
$0
&t5,M28
000%
60
s0
5264350
&112026
$IWODO
400%
$22,022
$217,022
60
&1512026
$300.000
4.50%
$57,150
$437,160
fO
&132028
$0
O. 0/%
$37,875
$37,875
s0
9/30/2028
$0
000%
50
$0
$239044
9/30.2026
$0
0
SO
$0
$4 94.300
$185,000
50/%
$37,875
$222.875
f0
2/15,2027
SO
00/%
$18,172
$18,122
$0
27151M2T
s0
000%
$48,600
516600
$0
93072026
27151,27
s0
s0
0.00%
s0
so
$260.750
&152027
$205,000
4.17%
$18,122
$223,122
SO
&1512027
$3HS.000
4.50%
516600
5443,60/
s0
&1$2027
SIM.000
0.00%
500%
$33,250
533250
$0
43&,27
$0
000%
s0
$0
$ 241,214
913,027
s0
0
s0
$0
$492.200
430/2121
$0
O.0/%
$33.250
$228,250
s0
2/132028
s0
000%
$13,890
513,691
s0
2/15,2028
SO
000%
$39,713
$39,713
s0
2715,X128
SO
$0
$261,500
&151026
$210,000
413%
$13,894
5223,891
f0
&1$2028
5415,000
450%
$39,713
$454,713
s0
&15,M23
$0
!20/,000
000%
50/%
$28,375
$28,375
$0
9/302028
$0
000%
s0
$0
$237,188
9302028
s0
0
$0
s0
S4H,425
913012M
$28,375
$233,375
s0
2/1512029
s0
000%
$9,583
$9.563
s0
27152029
SO
0.00%
130,375
$30,375
$0
21152029
3o
s0
000%
0.00%
s0
s0
$261,750
&1512029
$220,000
425%
$9.563
$229.563
$0
&151029
$430,000
450%
MRS
5480,375
f0
&150029
3215000
500%
$23.250
523150
s0
913 012 0 2 9
so
000%
$0
$0
$239,/25
4302029
s0
0
s0
s0
$400.750
9/301MM
s0
000%
$23.250
S238,2 W
50
&1512030
sp
OW%
34,888
54,886
$0
2/152030
$0
000%
$20.700
$M70/
$0
2/!$2030
s0
000%
$0
f0
I281,500
&;0,2030
5230.000
425%
34.888
S234 MS
s0
&1510M
$450,000
450%
$20700
$470700
f0
&152030
$17.875
$17,875
s0
9/762030
$0
0%
$0
SO
$239175
9/X12030
2715/2031
&15,2031
3'302031
SO
10
$470,000
SO
0
000%
40/%
0
So
$10,575
$10.575
SO
SO
$10.575
5480,175
s0
$491,400
s0
50
$491,160
9130'2030
1/15,2031
&1$931
#25000
$0
s0
$240.0/0
50/%
000%
000%
500%
$17,875
30
$12,250
$12.250
$242,675
s0
$12.250
5152250
s0
$260,750
$0
50
$3,035,000
1,452,967
1457,967
$4,487,967
93&2031
50
000%
$0
50
52844500
56,000.000
53,718.425
39,318,423
,,318415
2150032
$0
000%
$6,250
56,250
50
&15120.92
3250.oeo
50/%
$6,250
$258,250
s0
93072032
f0
O.0/%
$0
50
5262,500
!3.085,
1,903.338
,356
0'152011
$0
000%
507080
S6 7,080
SO
9/30/2011
$0
000%
so
f0
$67.080
2,15,2012
SO
000%
557497
$57,497
s0
&152012
s0
000%
$225.497
$225,497
s0
9/30/2012
so
000%
$0
$0
$282,994
2/152013
$0
000%
$192.497
$192.497
$0
&1,5,2013
S, 25
300%
$287,852
5412.852
50
9r302013
s0
0.00%
s0
s0
5605,349
27152014
s0
000%
$267,247
$281247
$0
&152014
$355,000
750%
#67,247
5622.247
$0
&70/2014
$o
0 OD%
SO
SO
5889.444
1715,2015
f0
000%
$260.234
$260134
$O
&151015
3475,000
1250%
5260,234
1735.234
s0
97302015
$0
000%
$0
s0
$995,469
.. 2515,2018
so
000%
(250.247
$250.247
so
&15/2016
5495000
12.50%
$250,247
$745,247
$0
973&2016
$l
0.00%
s0
$0
$995,494
2/158017
$0
000%
$239.834
5239,834
s0
&1 &"M 11
5515000
1250%
5239,834
$754,634
$0
9702017
SO
0.00%
5O
50
$994.669
2/15,2018
s0
000%
5228,997
5228.997
s0
&15,20.18
$ 535,000
1250%
$226,997
$763,997
s0
973,018
$0
O.0/%
s0
s0
5992,994
27152019
s0
0.00%
$217,734
$217,734
s0
&152019
5560,000
13.50%
$217,734
$777,734
$0
977&2019
s0
0.00%
$0
$0
$996.489
2/1512020
$0
0.00%
$205,164
$205,184
s0
&152020
$ 565,000
13.50%
$205.164
$790,164
60
900/2020
30
0.00%
SO
s0
5995.369
2/152021
s0
0.00%
$192,059
5192,059
$0
&158021
$610.000
13.50%
$192,059
$80240.59
s0
9'301021
$0
0.00%
So
SO
5994,119
2/151022
s0
0 .00%
$178,3 72
$178.372
s0
&15/2023
$640,000
13.50%
$178,3]2
3816372
$0
90072022
$0
0.00%
s0
s0
S996.7M
2115=23
50
0.00%
$163,997
$183.997
$0
&15,2023
$665000
13.5096
$163,997
58284997
s0
9OOr2023
s0
0.00%
$0
$0
$992.994
&152024
s0
000%
$149,072
$149.072
s0
&1572024
$695,000
1350%
6d8672
$844.072
so
99072024
s0
0.00%
$0
s0
$993.141
2054025
s0
000%
$13;1,459
$In 459
s0
&1512025
$730,000
13.50%
$133.459
5083.459
s0
973012025
$0
000%
$0
s0
5996,919
27151026
$0
0.00%
$117,047
$117,0-47
$0
&15 72(126
$760.000
1350%
$117.047
5877.647
$0
93NM26
SO
0.00%
$0
$0
$994,094
2/152027
$0
0.00%
$99972
$99,972
s0
&152027
$795,000
13.63%
$99,972
$894,972
s0
9/3OM27
s0
000%
SO
s0
$994,944
56
&1202
so
0.00%
$81,991
581.961
$0
&151=8
5830,000
13.63%
$81981
$911,981
so
9/30/2028
so
000%
$0
$o
$993,963
2/15)2029
$0
000%
563.188
$63,188
$0
&152029
$865,000
1375%
$63,188
$928.186
so
99012029
s0
000%
So
so
S981,375
2/15,2030
$0
0 .00%
$43,4 63
$43.463
so
&ty2O30
$905000
1375%
$43,463
$948.463
s0
9301030
s0
000%
s0
$0
$991,925
20.3
&151
s0
000%
$22.825
522,025
50
8115231
$710000
950%
$22,825
$732,825
$0
9/3&131
So
000%
f0
50
$755,650
2715,2032
$0
000%
$6,2W
56150
$0
W W032
$250,000
500%
$6,250
$256.250
$0
APPENDIX C
Glade Parks Plo 9srvice Plan
GIW PM/ McNC�Py R/nroul Cnftllw
Fiiu 0/OI IswrrPl
Pp R0 mw
Oao3 Sanne Pn a31
MM k1 n MOanw
Gr/0/ PMl SWNdP1 Rw'/�w3 C W flw
ku d YP0b0 Dnbl Nnubrn
PIp Re�vnr'
11 R�lue
Di.� 4� atl wee 1
a� k. Mcon,.
CN0/ PaM SIwNCIP/ Rnr/�nr CeM3Pw
Pkq. !/mM 1 TMrO 0/01 Nrvu�c1
qp Aeronue a eT�af b loin Dent
�iCny �l E�4n3 vrOturW De015erre $PMC /Paywsnuau TiF ae.m.e
Ca�kve
I—T RC.enueE aeM
N Pio
1
P
r
f 1 S f
301
f f 81111 f
f 3 - 3 J1d 9N 3
3 - 3 - f JB/ d» f
/11q $ - 3 J16.9p
- S J9168T
81 >St -
S
S 5
fSb.
lA, 330,000 130, t 3r11p
350, 111,60 HB361 t 10 .1»
TbO, f f ».f0 34. f Ir6.rp
'L
1N.fir S 1. 10!.41 i
/-3 ^3Y OfEW3le Pio-luMn Dlw Sar,ce Po,—tRU'bbltl
rlTI�FMeR/ — E�ceea/ .
AF /n1NnVM/ ^b P1O
6—� ^6Y Ot EUIen Pro-lWMa 0att 5mvke PU 0.�wrnwb/P�bbbl
' D�s b..i1F
rlTY R�w�n» E�<nW/ Onp
SwNUV Pebnerrb 1—
S313J/]
rt 0.anlun f _ y - 1 _ f 301,080 S 3 i - „� - •.
2 - S f 3JS9% f
nc�.n/ ad e.nYw Poo - s Ifa
Dnbl Sarvk� a Tope , 3 m.) 1 S 11 S 3 =1b iM1t= i a1s u 3 tf5 `iP
k/C431 IMamr 500, 1 SOB 1 ,ssr 000 ]103 1M» ]Bl, 3 ./9 {'/>S »1 9Br i31.1A ` S3s] 1 31p,p1 M ] 1,64 14
P
I
500 -800 - S
01.131
3»OpP
81 >St -
3 ]15,3/] f - f J18.9M S
133014 3 $1.68]
3/15» f - 33,(d0,f16 �
1 1315980
'
300. ,000 34, U],f10
»0.000 W,SBO 3 s10]31 )»
M— f l»,fW ,/3] Jp.rx
500,000 f ]
f 308, Jti, 1 { », ]
f 11] 1 811.3 S. 103 1,tl1.34
6—� ^6Y Ot EUIen Pro-lWMa 0att 5mvke PU 0.�wrnwb/P�bbbl
' D�s b..i1F
rlTY R�w�n» E�<nW/ Onp
SwNUV Pebnerrb 1—
S313J/]
rt 0.anlun f _ y - 1 _ f 301,080 S 3 i - „� - •.
2 - S f 3JS9% f
nc�.n/ ad e.nYw Poo - s Ifa
Dnbl Sarvk� a Tope , 3 m.) 1 S 11 S 3 =1b iM1t= i a1s u 3 tf5 `iP
k/C431 IMamr 500, 1 SOB 1 ,ssr 000 ]103 1M» ]Bl, 3 ./9 {'/>S »1 9Br i31.1A ` S3s] 1 31p,p1 M ] 1,64 14
APPENDIX D
Glade Parks PID Tax Roll
Tax Account 'Owner Name
Ownar Address
Owner City (Legal Description Legal Description 2
Tax Year
Land Value
'Improvement value
Total Value
Land Acres
Land Sgft
7579527 Glade 121 Lp
;4949 Harrison Ave Ste 200
Rockford It Doss, Jesse Survey 1A441 It 6A03
2010
$321,944
$0
$321,944
0.112
4,899
41238575 lGlade 121 Lp
'4949 Harrison Ave Ste 200
Rockford 11 Doss, Jesse Survey A 441 Tr 6A04
2010
$29,583
$0
{
$29,583
I
0.022
961
iGlade 121 P
4949
1
First & Second Debt Issuance
PID Millage
0
0
{
r
$215,243
0.421576
$133,074
0.255528
$341.557
0.232925
4483456 121 Lp
14949 Harrison Ave Ste 200
Rockford It (Doss, Jesse Survey IA 4411 Trr 68
i 2010
$2,413,268
$0
$2,413,266
2.951
528,563
4665112 G ad. 121 p
14949
204
(Doss,
47,220
4483375 Glade 121 Lp
4949 Harrison Ave Ste 200
:1
Rockford 11 Jesse Survey �Ab441 rs 4Ai & 4C
2010
$$'174645
$0
$$119,771 17845
2.688
117,089
4483448 'Glade 121 Lp
14949 Harrison Ave Ste 200
Rockford II Doss. Jesse Survey 441 Tr 6A1
2010
$119,771
$0
$119,771
1.000
i 43,560
6370624 Glade 121 Lp
'4949 Harrison Ave Ste 200
11A
Rockford II Bbb & C Ry Survey IAbts 204 Tr SD
2010
$353,492
$0
$353,492
0.357
! 15,551
4493389 Glade 121 Lp
X4949 Harrison Ave Ste 200
Rockford 11 'Havins, John H Survey IA 685 Tr 3
2010
$281,462
$0
$281,482
2.360
102,368
6820514 !Glade 121 Lp
4949 Harrison Ave Ste 200
Rockford II Doss, Jesse Survey JA 441 Tr 3C
2010
$129.832
$0
$129.832
1.531
66,695
6140696 Glade 121 Lp
4949 Harrison Ave Ste 200
RockfordII �Doss, Jesse Survey A 441 Tr 4601
2010
$11,282,649
$0
$11,282,649
0.952
41,469
6148014 ,Glade 121 Lp
4949 Harrison Ave Ste 200
Rockford it Doss, Jesse Survey 1A 441 Trs 4B2 & 682
2010
$114,022
$0
$114,022
0.194
8,451
6140157 'Glade 121 Lp
4949 Harrison Ave Ste 200
Rockford It Havins, John H Survey 685 Tr 2A
2010
$1,194.549
$0
$1,194,549
1 93.814
4,086,538
4483391 (Glade 121 Lp 14949
Harrison Ave Ste 200
IIIA
Rockford II Doss, Jesse Survey fA 441 Tr 5
2010
$23,236
$0
$23,236
40.000
1,742,400
4483383 Glade 121 LP 14949
Harrison Ave Ste 200
Rockford 11 Doss, Jesse Survey �A 441 Tr 48
2010
$150,911
$o
$150,911
0.247
10,759
4483405 Glade 121 L P
4949 Harrison Ave Ste 200
Rockford 0 Doss, Jesse Surve JA 441 Tr 6
y
2010
$42,758
$0
$42,758
20.149
877,690
4483413 Glade 121 Lp
4949 Harrison Ave Ste 200
Roc f! II Doss, Jesse Survey A 441 Tr 6A2 {j
2010
$183,381
$0
$183,381
1.000
43.560
6149057 Glade 121 Lp
4949 Harrison Ave Ste 200
Rockford 11 Doss, Jesse Survey IA 441 Trs 4AtA & 6B1A I
2010
$13,472
$0
$13.472
1.260
54,886
4483421 Glade 121 Lp
4949 Harrison Ave Ste 200 1
Rockford It Doss, Jesse Survey A 441 Tr 6A !
2010
$2,643
$0
$2,643
9.776
425,829
$19,758,821 19,758,821 192.853 8,400,709
Glade Parks PID Assessment Roll
Tax Year
Fiscal Year
0
2010
2011
1
2011
2012
2
2012
2013
3
2013
2014
4
2014
2015
Projected Taxable Value
Projected TIRZ Revenue
$19,758,821
0
$20,153,997
$67,751
$51,056,747
$376,920
$52,077,882
$394,687
$146.638,127
$1,050,116
PID Assessment
First Debt Issuance
PID Millage
0
0
$67,080
0.332836
$4T243
0.092531
$0
0.000000
$0
0.000000
First & Second Debt Issuance
PID Millage
0
0
$67,080
0.332836
$215,243
0.421576
$133,074
0.255528
$341.557
0.232925
First, Second & Third Debt Issuance
PID Millage
0
0
$67,080
0332836
$215.243
0.421576
$228,429
0.438630
$494,807
0.337434
INVOICE
Star-Telegram Customer ID: CITO9
400 W.7TH STREET Invoice Number: 315558201
FORT WORTH,TX 76102
(817)390-7761 Invoice Date: 4/30/2011
Federal Tax ID 26-2674582 Terms: Net due in 21 days
Due Date: 4/30/2011
Bill To: PO Number:
CITY OF EULESS ACCOUNTS PAYABL
201 N ECTOR DR Order Number: 31555820
EULESS, TX 76039-3543 Sales Rep: 073
Description: CITY OF EULESS 0
Attn: ACCOUNTS . PAYABLE Publication Dates: 4/29/2011 -4/30/2011
PAYABLE
t' Otto,- C �i" e!!:. A,aA 11
r9€ 8 fit;' .;°.., - ! :� ,,, `44,-M 6 �3 ,. ... AE d 'filt{, .. ! ..
CITY OF] ,--4-11-:;-if--..4 • it I3580 1 29 29 LINE $3.12 $180.74
'fY , l_, , FOR TIN
Gum "".is IMPROVE-
Sales Disc MENT DISTRICT("PID")•LEVYING / ($170.34)
AN ASSESSMENT RATE FOR
FISCAL YEAR 7800/u AT$0.00 PER
Misc Fee $100 VALUE OF REAL PROPERTY
IN THE PID ANDD APPROVING THE $10.00
FISCAL hen SERVICE AND
PLAN FOR THE PID.
E FE D TE. This ordinance
shall be in full force and effect r ,; -
from and its passage, as
provided by the Euless City Charter Net-Amount: $20.40
and the laws of the State of Texas.
PRESENTED AND APPROVED ON `��\H111llli f/////
FIRST AND FINAL READING at a # i4, H.04 /
CCoouncil on theme 26th day ofsAprill `"• 0�0 l f, ���``‹'� .•••• __7 ri
2011,by a vote of 5 ayes,0 nays, - ZU r ` Q .���PY PL'
and 0 abstentions. >.r :�S� e(j�?Q
APPROVED: c-, r , =
Sec/star/ Q`'
J14t tIIMA nth ! F OF
i •. CPIRS-;.•;
THE STATE OF TEXAS ///��1�i3�t��O N�\```
County of Tarrant
Before me,a Notary Public in and for said County and State,this day personally appeared Deborah Baylor Norwood, Bid and Legal Coordinator for
the Star-Telegram,published by the Star-Telegram,Inc.at Fort Worth,in Tarrant County,Texas;and who,after being duly sworn,did depose and say
that the attached clipping of an advertisement was publishe 'n the above named paper on the listed dates: BIDS&LEGAL DEPT. STAR TELEGRAM
(817)215-2323 ,
Signed —Si_9ST^` —� --‘-\ `.a
SUBSCRIBED AND SWORN TO BEFORE ME,THIS Monday,Ma 11. 0/E//&14C)
Notary Public
Thank You For Your Payment
Remit To: Star-Telegram Customer ID: CITO9
P.O. BOX 901051 Customer Name: CITY OF EULESS ACCOUN
FORT WORTH, TX 76101-2051 Invoice Number: 315558201
Invoice Amount: $20.40
PO Number:
Amount Enclosed: $ 0.,