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HomeMy WebLinkAbout08-24-20 TC Agenda PacketTC Agenda – 8/24/20 Page 1 of 3 TOWN OF WESTLAKE TOWN COUNCIL MEETING AGENDA 1500 SOLANA BLVD, BUILDING 7, SUITE 7100, COUNCIL CHAMBER WESTLAKE, TX 76262 August 24, 2020 VIA VIRTUAL MEETING IMMEDIATELY FOLLOWING THE 5:00 PM BOARD OF TRUSTEES MEETING In accordance with Order of the Office of the Governor issued March 16, 2020 and March 19, 2020, the Town Council of the Town of Westlake will conduct this virtual meeting immediately following the 5:00 p.m. Board of Trustees meeting on Monday, August 24, 2020 by video and telephonic conference in order to advance the public health goal of limiting face-to-face meetings (also called "social distancing") to slow the spread of the Coronavirus (COVID-19). There will be no public access to the physical location described above. A recording of the virtual meeting will be made and will be available to the public in accordance with the Open Meetings Act. Instructions for public participation in the meeting by video conference and telephonic conference are as follows: By Video: By Telephone: http://bit.ly/tcbot082420 Local: (346) 248-7799 or Webinar ID: 942 2267 6813 Toll Free: (888) 788-0099 Passcode: 753159 Webinar ID: 942 2267 6813 Passcode: 753159 Vision Statement An oasis of natural beauty that maintains our open spaces in balance with distinctive development, trails, and quality of life amenities amidst an ever expanding urban landscape. Regular Session 1. CALL TO ORDER 2. CITIZEN COMMENTS: This is an opportunity for citizens to address the Council on any matter whether or not it is posted on the agenda. For those joining by videoconference: Any person desiring to make a public comment using a Windows computer must first press the “Raise Hand” button on the screen. Alternatively, the Alt+Y keyboard shortcut may be used to raise or lower their hand. Any person desiring to make a public comment using a Mac computer must first press the “Raise Hand” button on the screen. Alternatively, the Option+Y keyboard shortcut may be used to raise or lower their hand. For those joining by teleconference: Any person desiring to make a public comment must first press star-nine (*9) on their telephone keypad to “Raise their hand” to speak. Persons joining the meeting by teleconference may mute and unmute their phones by pressing star- 6 (*6). TC Agenda – 8/24/20 Page 2 of 3 Citizens will be placed in a queue based on the order the hands were raised. The presiding officer will recognize callers based on the order of the queue, where they will be asked to state their name and address. Individual citizen comments are normally limited to three (3) minutes; however, time limits can be adjusted by the presiding officer. The presiding officer may ask the citizen to hold their comment on an agenda item if the item is posted as a Public Hearing. The Council cannot by law take action nor have any discussion or deliberations on any presentation made to the Council at this time concerning an item not listed on the agenda. The Council will receive the information, ask staff to review the matter, or an item may be noticed on a future agenda for deliberation or action. 3. ITEMS OF COMMUNITY INTEREST: Mayor and Council Reports on Items of Community Interest pursuant to Texas Government Code Section 551.0415 the Town Council may report on the following items: (1) expression of thanks, congratulations or condolences; (2) information about holiday schedules; (3) recognition of individuals; (4) reminders about upcoming Town Council events; (5) information about community events; and (6) announcements involving imminent threat to public health and safety. 4. EXECUTIVE SESSION The Council will conduct a closed session pursuant to Texas Government Code, annotated, Chapter 551, Subchapter D for the following: a. Section 551.087 - Deliberation Regarding Economic Development Negotiations (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1) for the following: - Front 44 - Entrada b. Section 551.071(2) – Consultation with Town Attorney on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter: Resolution No. 00-19, a Contract with Hillwood Development Corporation Concerning the Design Engineering and Construction of the West Side Pump Station and the Dove Road Waterline. c. Section 551.071 Consultation with Attorney - to seek advice of counsel regarding Granada Homeowners' Association matters. 5. RECONVENE MEETING 6. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION ITEMS. 7. CONSENT AGENDA: All items listed below are considered routine by the Town Council and will be enacted with one motion. There will be no separate discussion of items unless a Council Member or citizen so requests, in which event the item will be removed from the general order of business and considered in its normal sequence. TC Agenda – 8/24/20 Page 3 of 3 a. Consider approval of the minutes from the meeting on June 8, 2020. b. Consider approval of Resolution 20-22 to approve the tax rolls for tax year 2020 on property within the Town; approving the estimated tax collection rate; and designating an official to calculate the no-new-revenue and voter-approval tax rates. c. Consider approval of Resolution 20-23, authorizing the donation of surplus Self- Contained Breathing Apparatus equipment (SCBAs) to Texas A&M Forest Service Helping Hands Program. 8. DISCUSSION AND CONSIDERATION OF RESOLUTION 20-24, ADOPTING A MAXIMUM PROPOSED AD VALOREM TAX RATE, TAKE A RECORD VOTE, AND SETTING THE DATE FOR THE PUBLIC HEARING AND ADOPTION OF THE OPERATING BUDGET AND TAX RATE FOR FISCAL YEAR 2020-2021. 9. DISCUSSION AND CONSIDERATION OF ORDINANCE 912, UPDATING THE SOLANA PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN AND ASSESSMENT ROLL 2020. 10. FUTURE AGENDA ITEMS: Any Council member may request at a workshop and / or Council meeting, under “Future Agenda Item Requests”, an agenda item for a future Council meeting. The Council Member making the request will contact the Town Manager with the requested item and the Town Manager will list it on the agenda. At the meeting, the requesting Council Member will explain the item, the need for Council discussion of the item, the item’s relationship to the Council’s strategic priorities, and the amount of estimated staff time necessary to prepare for Council discussion. If the requesting Council Member receives a second, the Town Manager will place the item on the Council agenda calendar allowing for adequate time for staff preparation on the agenda item. 11. COUNCIL RECAP/STAFF DIRECTION 12. ADJOURNMENT ANY ITEM ON THIS POSTED AGENDA COULD BE DISCUSSED IN EXECUTIVE SESSION AS LONG AS IT IS WITHIN ONE OF THE PERMITTED CATEGORIES UNDER SECTIONS 551.071 THROUGH 551.076 AND SECTION 551.087 OF THE TEXAS GOVERNMENT CODE. CERTIFICATION I certify that the above notice was posted at the Town Hall of the Town of Westlake, 1500 Solana Blvd., Building 7, Suite 7100, Westlake, TX 76262, August 21, 2020, by 5:00 p.m. under the Open Meetings Act, Chapter 551 of the Texas Government Code. _____________________________________ Todd Wood, Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please advise the Town Secretary’s Office 48 hours in advance at 817-490-5711 and reasonable accommodations will be made to assist you. CITIZEN COMMENTS: This is an opportunity for citizens to address the Council on any matter whether or not it is posted on the agenda. For those joining by videoconference: Any person desiring to make a public comment using a Windows computer must first press the “Raise Hand” button on the screen. Alternatively, the Alt+Y keyboard shortcut may be used to raise or lower their hand. Any person desiring to make a public comment using a Mac computer must first press the “Raise Hand” button on the screen. Alternatively, the Option+Y keyboard shortcut may be used to raise or lower their hand. For those joining by teleconference: Any person desiring to make a public comment must first press star-nine (*9) on their telephone keypad to “Raise their hand” to speak. Persons joining the meeting by teleconference my mute and unmute their phones by pressing star-6 (*6). Citizens will be placed in a queue based on the order the hands were raised. The presiding officer will recognize callers based on the order of the queue, where they will be asked to state their name and address. Individual citizen comments are normally limited to three (3) minutes; however, time limits can be adjusted by the presiding officer. The presiding officer may ask the citizen to hold their comment on an agenda item if the item is posted as a Public Hearing. The Council cannot by law take action nor have any discussion or deliberations on any presentation made to the Council at this time concerning an item not listed on the agenda. The Council will receive the information, ask staff to review the matter, or an item may be noticed on a future agenda for deliberation or action. Town Council Item # 2 – Citizen Comments ITEMS OF COMMUNITY INTEREST: Mayor and Council Reports on Items of Community Interest pursuant to Texas Government Code Section 551.0415 the Town Council may report on the following items: (1) expression of thanks, congratulations or condolences; (2) information about holiday schedules; (3) recognition of individuals; (4) reminders about upcoming Town Council events; (5) information about community events; and (6) announcements involving imminent threat to public health and safety. Calendar of Meetings/Events:  Board of Trustees Work Session/Meeting (Please check website for agenda with teleconferencing information) Monday, August 24, 2020; 5:00 pm* via Teleconference  Town Council Work Session/Meeting (Please check website for agenda with teleconferencing information) Monday, August 24, 2020; following the Board of Trustees Meeting via Teleconference  Westlake Academy First Day of School for new 2020-2021 school year Monday, August 24, 2020 (Via Remote Learning)  Town Council Special Meeting (Please check website for agenda with teleconferencing information) Monday, August 31, 2020; 5:00 pm* via Teleconference  Westlake Municipal Offices CLOSED for Labor Day Holiday Monday, September 7, 2020 -There will be NO INTERRUPTION to trash and recycling services during this holiday week. Collections will occur on the normal Friday schedule of Sept. 11, 2020.  Town Council Meeting & Public Hearing regarding Proposed Budget & Tax Rate Monday, September 8, 2020; 5:00 pm* Westlake Town Hall, Solana Terrace-Bldg.7, Suite 7100 - Council Chambers OR via Teleconferencing  Possible Coffee & Conversation with the Mayor/School Board President Monday, September 14, 2020; 8:00 – 9:30 am (Date moved to 2nd Monday due to Labor Day Holiday) Westlake Fire-EMS Station OR via Facebook Live event  Board of Trustees and Town Council Work Session/Meeting for Budget/Tax Rate Adoption Monday, September 14, 2020; 5:00 pm* Westlake Town Hall, Solana Terrace-Bldg.7, Suite 7100 - Council Chambers OR via Teleconferencing  Planning & Zoning Commission Meeting Work Session/Meeting Monday, September 21, 2020; 5:00 pm* Westlake Town Hall, Solana Terrace-Bldg.7, Suite 7100 - Council Chambers OR via Teleconferencing  Westlake Academy First Day of School for in-person instruction Monday, September 28, 2020 (Tentative) *Reminder: Agendas for all municipal/academic meetings are posted a minimum of 72 hours before the meeting begins and can be found on our Town’s website under the tab “Government/Agendas & Minutes.” **For meeting agendas and details on WA calendar events or Municipal calendar events, please visit the Westlake Academy website or the Town of Westlake website for further assistance. Town Council Item # 3 – Items of Community Interest EXECUTIVE SESSION The Council will conduct a closed session pursuant to Texas Government Code, annotated, Chapter 551, Subchapter D for the following: a. Section 551.087 – Deliberation Regarding Economic Development Negotiations (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1) for the following: - Front 44 - Entrada b. Section 551.071(2) – Consultation with Town Attorney on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter: Resolution No. 00- 19, a Contract with Hillwood Development Corporation Concerning the Design Engineering and Construction of the West Side Pump Station and the Dove Road Waterline. c. Section 551.071 Consultation with Attorney - to seek advice of counsel regarding Granada Homeowners' Association matters. Town Council Item # 4 – Executive Session Town Council Item # 5 – Reconvene Council Meeting a. Section 551.087 - Deliberation Regarding Economic Development Negotiations (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1) for the following: - Front 44 - Entrada b. Section 551.071(2) – Consultation with Town Attorney on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter: Resolution No. 00-19, a Contract with Hillwood Development Corporation Concerning the Design Engineering and Construction of the West Side Pump Station and the Dove Road Waterline. c. Section 551.071 Consultation with Attorney - to seek advice of counsel regarding Granada Homeowners' Association matters. Town Council Item # 6 – Take Necessary Action, if needed, from Executive Session items CONSENT AGENDA: All items listed below are considered routine by the Town Council and will be enacted with one motion. There will be no separate discussion of items unless a Board Member or citizen so requests, in which event the item will be removed from the general order of business and considered in its normal sequence. a. Consider approval of the minutes from the meeting on June 8, 2020. b. Consider Resolution 20-22 to approve the tax rolls for tax year 2020 on property within the Town; approving the estimated tax collection rate; and designating an official to calculate the no-new-revenue and voter-approval tax rates. c. Consider approval of Resolution 20-23, authorizing the donation of surplus Self- Contained Breathing Apparatus equipment (SCBAs) to Texas A&M Forest Service Helping Hands Program. Town Council Item # 7 – Consent Agenda TC Minutes – 6/08/20 Page 1 of 4 MINUTES OF THE TOWN OF WESTLAKE, TEXAS TOWN COUNCIL MEETING June 8, 2020 In accordance with Order of the Office of the Governor issued March 16, 2020 and March 19, 2020, the Town Council of the Town of Westlake conducted its regular meeting following the Board of Trustees meeting at 5:00 p.m. on Monday, June 8, 2020 by video and telephone conference in order to advance the public health goal of limiting face-to-face meetings (also called "social distancing") to slow the spread of the Coronavirus (COVID-19). There was no public access to the physical location described above. A recording of the telephonic meeting was made and is available to the public. PRESENT: Mayor Laura Wheat and Council Members Carol Langdon, Greg Goble, Rick Rennhack, Alesa Belvedere, and Rajiv Trivedi. ABSENT: OTHERS PRESENT: Town Manager Amanda DeGan, Deputy Town Manager Noah Simon, Assistant Town Manager Jarrod Greenwood, Town Attorney Stan Lowry, Town Secretary Todd Wood, Director of Information Technology Jason Power, Director of Finance Debbie Piper, Director of Facilities & Public Works Troy Meyer, Director of Communications Ginger Awtry, Communications Manager Jon Sasser, Business Manager Marlene Rutledge. Regular Session 1. CALL TO ORDER Mayor Wheat called the Regular Session to order at 6:36 p.m. 2. CITIZEN COMMENTS Mayor Wheat provided a brief summary of instructions to the public for citizen comments. No one addressed the Council. TC Minutes – 6/08/20 Page 2 of 4 3. CONSENT AGENDA: All items listed below are considered routine by the Town Council and will be enacted with one motion. There will be no separate discussion of items unless a Council Member or citizen so requests, in which event the item will be removed from the general order of business and considered in its normal sequence. a. Consider approval of Resolution 20-17, verifying the completion of four (4) cybersecurity training programs for all Town of Westlake employees and elected officials, as required by HB 3834 for all local government employees and elected officials through a certified training program. b. Consider approval of Resolution 20-18, authorizing the Town Manager to enter into an interlocal agreement with Tarrant County to obtain funding under the CARES ACT in response to the COVID-19 pandemic. MOTION: Council Member Rennhack made a motion to approve the consent agenda. Council Member Langdon seconded the motion. The motion carried by a vote of 5-0. 4. DISCUSSION ITEMS a. Discussion regarding staff actions and associated items related to COVID-19. Town Manager Amanda DeGan provided an update on this item. She began by stating that a phased-in approach is being utilized by employees in returning to Town Hall. Employees are currently using a hybrid approach, working partially at Town Hall and working partially from home. Staff has compiled a plan of best practices and responsible protocols that will be used in the office. Ms. DeGan has had discussions with the IT Department to ensure employees will have the ability to remain mobile and provide services in the event of another flare-up of COVID-19. No complaints have been received regarding service delivery during this pandemic. Currently, staff is planning to re-open the Court lobby on June 15th. Town Hall will likely remain closed to the public until after July 4th, unless specific direction is provided by the Town Council. Given recent reports of infection and hospitalization rates, staff feels that this is a prudent and responsible approach to re-opening. 5. EXECUTIVE SESSION The Town Council convened into Executive Session at 7:00 p.m. The Council will conduct a closed session pursuant to Texas Government Code, annotated, Chapter 551, Subchapter D for the following: a. Section 551.074(a)(1): Deliberation Regarding Personnel Matters – to deliberate the appointment, employment, evaluation, reassignment, duties, of a public officer or employee: - Town Manager evaluation TC Minutes – 6/08/20 Page 3 of 4 b. Section 551.071(2) Consultation with Attorney – to seek advice of counsel on matters in which the duty of the Town Attorney under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551 of the Texas Government Code - FM 1938 access for proposed Southlake development. 6. RECONVENE MEETING. Mayor Wheat reconvened the meeting at 8:02 p.m. 7. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION ITEMS. Mayor Wheat stated that action would be taken from Item “A” in Executive Session. This item pertained to Amanda DeGan’s evaluation as Town Manager and Superintendent, and changes to her compensation. MOTION: Council Member Trivedi made a motion for Amanda DeGan’s compensation to be as follows, effective retroactively to February 1, 2020: Base salary: $189,350 annually Car Allowance: $9,000 annually Phone Allowance: $960 annually Health Insurance Allowance: $6,470 annually Spousal Travel: $9,000 annually Council Member Rennhack seconded the motion. The motion carried by a vote of 5-0. 8. BOARD RECAP/STAFF DIRECTION None. 9. FUTURE AGENDA ITEMS: Any Councilmember may request at a workshop and / or Council meeting, under “Future Agenda Item Requests”, an agenda item for a future Council meeting. The Council Member making the request will contact the Superintendent with the requested item and the Town Manager will list it on the agenda. At the meeting, the requesting Board Member will explain the item, the need for Board discussion of the item, the item’s relationship to the Council’s strategic priorities, and the amount of estimated staff time necessary to prepare for Council discussion. If the requesting Councilmember receives a second, the Town Manager will place the item on the Council agenda calendar allowing for adequate time for staff preparation on the agenda item. None. TC Minutes – 6/08/20 Page 4 of 4 10. ADJOURNMENT There being no further business before the Council, Mayor Wheat asked for a motion to adjourn the meeting. MOTION: Council Member Rennhack made a motion to adjourn the meeting. Council Member Langdon seconded the motion. The motion carried by a vote of 5-0. Mayor Wheat adjourned the meeting at 8:05 p.m. ANY ITEM ON THIS POSTED AGENDA COULD BE DISCUSSED IN EXECUTIVE SESSION AS LONG AS IT IS WITHIN ONE OF THE PERMITTED CATEGORIES UNDER SECTIONS 551.071 THROUGH 551.076 AND SECTION 551.087 OF THE TEXAS GOVERNMENT CODE. APPROVED BY THE TOWN COUNCIL ON AUGUST 24, 2020. ATTEST: _____________________________ Laura Wheat, Mayor __________________________ Todd Wood, Town Secretary Page 1 of 3 Westlake Town Council TYPE OF ACTION Regular Meeting - Consent Westlake Town Council Meeting Monday, August 24, 2020 TOPIC: Consider a Resolution to approve the tax rolls for tax year 2020 on property within the Town; approving the estimated tax collection rate; and designating an official to calculate the no-new-revenue and voter-approval tax rates. STAFF CONTACT: Debbie Piper, Finance Director Ginger Awtry, Administrative Services Director Strategic Alignment Vision, Value, Mission Perspective Strategic Theme & Results Outcome Objective Mission: Westlake is a unique community blending preservation of our natural environment and viewscapes, while serving our residents and businesess with superior municipal and academic services that are accessible, efficient, cost- effective, & transparent. Fiscal Stewardship Exemplary Service & Governance - We set the standard by delivering unparalleled municipal and educational services at the lowest cost. Increase Transparency, Accessibility & Communications Strategic Initiative Outside the Scope of Identified Strategic Initiatives Time Line - Start Date: August 24, 2020 Completion Date: August 24, 2020 Funding Amount: 0.00 Status - Not Funded Source - N/A EXECUTIVE SUMMARY (INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) This resolution is provided pursuant to Section 26. 04 of the Texas Property Tax Code, which requires the assessor for a taxing unit to submit the total appraised value, the total assessed value and the total taxable value of the property within the unit' s boundaries to the unit' s governing body by August 1st or as soon thereafter as practicable. Page 2 of 3 While Tarrant County has submitted their certified roll, Denton County has only submitted their certified estimated tax roll at this time. It appears Denton Central Appraisal District (DCAD) has had issues with their new software as well as over 100K protests during this national health crisis. Their last correspondence stated they hope to send out numbers at the end of August and again at the first part of September. Their goal is to have everything certified by September 15th. We are in conversations with DCAD regarding the Town’s taxable values. Based on the current taxable values and taking the Schwab Phase I abatement of 90% into consideration, we believe the taxable value of just Schwab should be at least $22.9M. We must use the values we have received for the calculations but keep in mind, these values, as well as the no-new-revenue tax rate may change prior to the adoption of the tax rate on September 14, 2020. Please find below the most current information related to both appraisal districts. Certified Certified Estimated Tarrant County Denton County Total Certified Values $ 1,417,599,647 $ 5,362,198 $ 1,422,961,845 Under Protest and Incomplete 150,263,107 5,064,794 155,327,901 Projected Assessed Valuation $ 1,567,862,754 $ 10,426,992 $ 1,578,289,746 New Construction (Taxable) * Commercial $ 55,130,358 $ 1,443,743 $ 56,574,101 Residential 16,147,367 16,147,367 $ 71,277,725 $ 1,443,743 $ 72,721,468 Average Single-Family Market Value $ 1,946,146 Average Single-Family Taxable Value $ 1,612,042 * Denton CAD new market value totals $112,029,165 The below percentages have been certified by Wendy Burgess, Tarrant County Tax Assessor- Collector and used for the calculation of Tax Year 2020 anticipated collection rate to be used when in the Truth in Taxation worksheet. Tax Year 2017 Actual Collection Rate 99.84% Tax Year 2018 Actual Collection Rate 99.67% Tax Year 2019 Actual Collection Rate 100.83% Tax Year 2020 Anticipated Collection Rate 100.00% Tax Year 2019 excess debt collection $0.00 Page 3 of 3 Additionally, changes during the 86th Texas Legislative including the passing of Senate Bill 2(SB2) have created several new requirements for local governments in the Tax Code. One of the new requirements is that an officer or employee be designated by the governing body to calculate the no- new-revenue tax rate and the voter-approval tax rate for the taxing unit after the assessor submits the certified appraisal roll. Staff recommends the designation of the Finance Director as that officer or employee responsible for complying with Section 26.04(c) of the Tax Code. RECOMMENDATION Accept and approve the tax rolls for tax year 2020, the estimated collection rate as submitted, and designate the Town Manager or their designee as the officer or employee to calculate the Town’s ad valorem tax rates. ATTACHMENTS Tarrant County - 2020 Certified Tax Roll Denton County – 2020 Certified Estimated Tax Roll Resolution          I s p V     A N             N A I   E I t     _ J                         , Jeff Law, C swear that th property tax Value.    APPRAISED V Number of A NET TAXABL Appraised V ncompletes ESTIMATED  ncluding sug three) and In ___________ eff Law, Chi                       2500 Ha Appraisa Chief Appra he attached xable by the VALUE (Con Accounts:      Absolute  Cases bef Incomple Partial Ex In Proces   LE VALUE       Value  minus , minus Part NET TAXABL ggested valu n Process acc __________ ef Appraiser                       andley Ederv TO al Roll Info 2020 Ce iser for the  is that port  above nam siders Value  1,400  Exemptions fore ARB – A etes  xemptions  s  ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐  s  Absolute  tial Exemptio LE VALUE      ues to be use counts (see  ___________ r     Jeff Law, Tarrant A ville Road ‐ F OWN OF  rmation V ertified Est e Tarrant Ap ion of the ap med entity an 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T r                                             Section 25.0 properties u roll certificat The values b represented                       2500 Ha Appraisa 01 (c) of the nder protes tion.  below are fr  on page 1 o Est This v                       andley Ederv TO al Roll Info 2020 Ap e State Prop t with the A om the ARB of this repor Total app Net taxa timated min value should    Jeff Law, Tarrant A ville Road ‐ F OWN OF  rmation V ppraisal Re perty Tax co Appraisal Rev B roll and ar rt.  $   2 raised value $   1 able value o $   1 nimum taxab d be added t Chief Appr Appraisal Dis Fort Worth, T 2  WESTLAK   Valuation S eview Boar ode directs t view Board a e not includ 218,836,045 e of properti   188,078,532 of properties   131,654,972 ble value for o the net ta  raiser  strict  Texas 76118 KE   037 Summary a rd Informa the Chief A and pending ded in the to 5  ies under pr 2  s under prot 2  r the same p axable value 8 ‐ 817.284.0 as of 7/21/ ation  Appraiser to  g disposition otals by the  rotest.  test.  properties.   e on page on 0024  /2020  prepare a  n at the time Chief Appra   ne.  list of all  e of value  aiser and           S p   T C   T A                                         Section 26.0 properties th The values b Chief Apprai The value of Appraisal Re                       2500 Ha Appraisa 01(d) of the  hat are not o below are fr iser and rep f incomplete eview Board Net t Est This v                       andley Ederv TO al Roll Info 2020 I State Prop on the appra rom the inco resented on e properties d.  Total ap taxable valu timated min value should    Jeff Law, Tarrant A ville Road ‐ F OWN OF  rmation V ncomplete erty Tax Co aisal roll and omplete pro n page 1 of t s are subjec $  4 ppraised valu $  2 e of propert $  1 nimum taxab d be added t Chief Appr Appraisal Dis Fort Worth, T 3  WESTLAK   Valuation S e Property ode directs t  not include operty listin this report.  ct to change 45,687,754 ue of incom   26,583,049 ties under o   18,608,134 ble value for to the net ta  raiser  strict  Texas 76118 KE   037 Summary a y Informat the Chief A ed on the AR g and are n e and are als plete prope of incomplet r the same p axable value 8 ‐ 817.284.0 as of 7/21/ ion  ppraiser to  RB roll.  not included so subject t erties  te properties properties.   e on page on 0024  /2020  prepare a l  in the tota to appeal be s.      ne  list of all  ls by the  efore the             T A                             The values  Appraiser an                       2500 Ha Appraisa below are f nd represent This v                       andley Ederv TO al Roll Info 2020  from In Pro ted on page Total ap Estimated n value should    Jeff Law, Tarrant A ville Road ‐ F OWN OF  rmation V In Process ocess prope e 1 of this re ppraised val net taxable  d be added t Chief Appr Appraisal Dis Fort Worth, T 4  WESTLAK   Valuation S s Property  rties and ar port.   $ 0  lue of In Pro   $ 0  value of In P o the net ta  raiser  strict  Texas 76118 KE   037 Summary a Informatio re not inclu ocess proper Process prop axable value 8 ‐ 817.284.0 as of 7/21/ on  uded in the  rties  perties.    e on page on 0024  /2020  totals by t ne.  the Chief  Tarrant Appraisal District TOWN OF WESTLAKE 037 Totals for Roll Instance 000 - July Roll 2020 Value Detail Market Appraised Counts Taxable Real Estate Residential 1,292,783,912 1,256,762,923 955 1,086,772,707 Real Estate Commercial 500,399,953 500,399,953 161 424,292,709 Real Estate Industrial 0 0 0 0 Personal Property Commercial 154,084,906 154,084,906 201 120,139,128 Personal Property Industrial 869,392 869,392 1 869,392 Mineral Lease Properties 0 0 0 0 Agricultural Properties 96,902,699 187,292 82 187,292 Total Value 2,045,040,862 1,912,304,466 1,400 1,632,261,228 Pending Detail Market Appraised Counts Taxable Cases Before ARB 223,249,054 218,836,045 140 188,078,532 Incomplete Accounts 45,687,754 45,687,754 65 26,583,049 In Process Accounts 0 0 0 0 Certified Value 1,776,104,054 1,647,780,667 1,195 1,417,599,647 7/19/2020 1:39:58 PM Page 172 of 511 Exemption Detail Market Exempt Counts Appraised Absolute Public 27,761,606 27,761,606 57 27,761,606 Absolute Charitable 0 0 0 0 Absolute Miscellaneous 0 0 0 0 Absolute Religious & Private Schools 0 0 0 0 Indigent Housing 0 0 0 0 Nominal Value 491 491 1 491 Disabled Vet 10-29%0 0 0 0 Disabled Vet 30-49%0 0 0 0 Disabled Vet 50-69%940,000 10,000 1 940,000 Disabled Vet 70-99%1,650,000 12,000 1 1,650,000 Disabled Vet 100%0 0 0 0 Surviving Spouse Disabled Vet 100%0 0 0 0 Donated Disabled Vet 0 0 0 0 Surviving Spouse Donated Disabled Vet 0 0 0 0 Surviving Spouse KIA Armed Service Member 0 0 0 0 Transfer Base Value for SS Disable Vet 0 0 0 0 Inventory 0 0 0 0 Homestead State Mandated-General 0 0 0 0 Homestead State Mandated-Over 65 0 0 0 0 Homestead State Mandated-Disabled Person 0 0 0 0 Homestead State Mandated-Disabled Person Over 65 0 0 0 0 Homestead Local Option-General 724,430,533 138,048,700 362 691,443,570 Homestead Local Option-Over 65 145,624,744 870,000 88 136,998,655 Homestead Local Option-Disabled Person 2,314,516 10,000 1 1,555,676 Homestead Local Option-Disabled Person Over 65 0 0 0 0 Solar & Wind Powered Devices 0 0 0 0 Pollution control 0 0 0 0 Community Housing Development 0 0 0 0 Abatements 185,168,399 61,237,916 3 185,168,399 Historic Sites 0 0 0 0 Foreign Trade Zone 0 0 0 0 Misc Personal Property (Vehicles, etc.)2,340,471 2,230,307 13 2,340,471 Surviving Spouse of First Responder KLD 0 0 0 0 Transfer Base Value SS KIA Armed Service Member 0 0 0 0 Transfer Base Value SS of First Responder KLD 0 0 0 0 Property Damaged by Disaster 0 0 0 0 Total Exemptions 230,181,020 527 7/19/2020 1:39:58 PM Page 173 of 511 Deferrals Market Deferred Counts Appraised Ag Deferrals 95,522,699 95,336,424 81 186,275 Scenic Deferrals 0 0 0 0 Public Access Airports 0 0 0 0 Other Deferrals 0 0 0 0 Total Deferrals 95,522,699 95,336,424 81 186,275 7/19/2020 1:39:58 PM Page 174 of 511 New Exemptions Market Exempt Counts Appraised Absolute Public 1,031,066 1,031,066 1 1,031,066 Absolute Charitable 0 0 0 0 Absolute Miscellaneous 0 0 0 0 Absolute Religious & Private Schools 0 0 0 0 Indigent Housing 0 0 0 0 Nominal Value 0 0 0 0 Disabled Vet 10-29%0 0 0 0 Disabled Vet 30-49%0 0 0 0 Disabled Vet 50-69%0 0 0 0 Disabled Vet 70-99%0 0 0 0 Disabled Vet 100%0 0 0 0 Surviving Spouse Disabled Vet 100%0 0 0 0 Donated Disabled Vet 0 0 0 0 Surviving Spouse Donated Disabled Vet 0 0 0 0 Surviving Spouse KIA Armed Service Member 0 0 0 0 Transfer Base Value for SS Disable Vet 0 0 0 0 Inventory 0 0 0 0 Homestead State Mandated-General 0 0 0 0 Homestead State Mandated-Over 65 0 0 0 0 Homestead State Mandated-Disabled Person 0 0 0 0 Homestead State Mandated-Disabled Person Over 65 0 0 0 0 Homestead Local Option-General 38,084,161 7,616,830 19 38,084,161 Homestead Local Option-Over 65 18,022,026 90,000 10 17,636,830 Homestead Local Option-Disabled Person 0 0 0 0 Homestead Local Option-Disabled Person Over 65 0 0 0 0 Solar & Wind Powered Devices 0 0 0 0 Pollution control 0 0 0 0 Community Housing Development 0 0 0 0 Abatements 0 0 0 0 Historic Sites 0 0 0 0 Foreign Trade Zone 0 0 0 0 Misc Personal Property (Vehicles, etc.)0 0 0 0 Surviving Spouse of First Responder KLD 0 0 0 0 Transfer Base Value SS KIA Armed Service Member 0 0 0 0 Transfer Base Value SS of First Responder KLD 0 0 0 0 Property Damaged by Disaster 0 0 0 0 Total New Exemptions 8,737,896 30 7/19/2020 1:39:58 PM Page 175 of 511 New Construction Market New Value Counts Taxable All Real Estate 145,958,850 71,277,725 87 133,621,667 New business in new improvement 0 0 0 0 Total New Construction 145,958,850 71,277,725 87 133,621,667 New Construction in Residential 127,675,354 55,130,358 80 122,494,431 New Construction in Commercial 18,283,496 16,147,367 7 11,127,236 Market Appraised Counts Taxable Annexation 0 0 0 0 Deannexation 0 0 0 0 Tax Ceiling Market Taxable Counts Ceiling Amount Over 65 145,624,744 109,572,436 88 126,530.00 Disable Person 2,314,516 1,234,541 1 1,259.00 Disabled Person Over 65 0 0 0 0.00 Total Ceilings 147,939,260 110,806,977 89 127,789.00 New Over 65 Ceilings 18,687,875 0 9 0.00 New Disabled Person Ceilings 0 0 0 0.00 New Disabled Person Over 65 Ceilings 0 0 0 0 Capped Accounts Market Cap Loss Counts Appraised Cap Total 261,886,171 32,986,963 133 228,899,208 New Cap this Year 75,654,651 6,495,357 46 69,159,294 All Exemptions by Group Market Exempt Counts Appraised Residential 728,930,074 139,232,703 369 695,943,111 Commercial 99,590,224 90,948,317 69 99,590,224 Industrial 0 0 0 0 Mineral Lease 0 0 0 0 Agricultural 0 0 0 0 Exemption Total 230,181,020 438 Market Exempt Counts Appraised Prorated Absolute 0 0 0 0 Multi-Prorated Absolute 0 0 1 1,031,066 Current Taxable Counts Appraised Value Loss - 25.25(d)0 0 0 Average Market Average Appraised Counts Average Taxable Averages for Value Single Family 1,946,146 1,885,129 504 1,612,042 7/19/2020 1:39:58 PM Page 176 of 511 Current Use Code Report - Certified Entity: 037 TOWN OF WESTLAKE Page 1 of 2 7/19/2020 6:43:40 PM G r o Category Roll Status # of Accts Market Value Appraised Value Taxable Value Ag Acreage Ag Deferred New Const. Value A -- "Residential SingleFamily"ARB 95 $199,198,002 $196,163,976 $165,406,463 0.0000 $0 $8,886,830 A -- "Residential SingleFamily"Certified 504 $980,858,032 $950,105,239 $812,469,511 0.0000 $0 $55,130,358 A -- "Residential SingleFamily" Totals:599 $1,180,056,034 $1,146,269,215 $977,875,974 0.0000 $0 $64,017,188 C1 -- "Vacant Land Residential"ARB 7 $3,507,805 $3,507,805 $3,507,805 0.0000 $0 $0 C1 -- "Vacant Land Residential"Certified 214 $41,182,525 $41,182,525 $41,180,525 0.0000 $0 $0 C1 -- "Vacant Land Residential"Incomplete 1 $1 $1 $1 0.0000 $0 $0 C1 -- "Vacant Land Residential" Totals:222 $44,690,331 $44,690,331 $44,688,331 0.0000 $0 $0 C1C -- "Vacant Land Commercial"Certified 74 $22,341,673 $22,341,673 $22,341,673 0.0000 $0 $0 C1C -- "Vacant Land Commercial"Incomplete 2 $247,416 $247,416 $247,416 0.0000 $0 $0 C1C -- "Vacant Land Commercial" Totals:76 $22,589,089 $22,589,089 $22,589,089 0.0000 $0 $0 C2C -- "CommercialLandWithImprovementValue"Certified 3 $1,450,073 $1,450,073 $1,450,073 0.0000 $0 $0 C2C -- "CommercialLandWithImprovementValue" Totals:3 $1,450,073 $1,450,073 $1,450,073 0.0000 $0 $0 D1 -- "Qualified Open Space Land"ARB 1 $1,380,000 $1,017 $1,017 9.0000 $1,378,983 $0 D1 -- "Qualified Open Space Land"Certified 81 $95,522,699 $186,275 $186,275 1,726.9085 $95,336,424 $0 D1 -- "Qualified Open Space Land" Totals:82 $96,902,699 $187,292 $187,292 1,735.9085 $96,715,407 $0 E -- "Rural Land (No Ag) and Improvements Residential"ARB 1 $1,046,000 $1,046,000 $1,046,000 0.0000 $0 $0 E -- "Rural Land (No Ag) and Improvements Residential"Certified 8 $11,434,212 $9,200,042 $7,887,070 0.0000 $0 $0 E -- "Rural Land (No Ag) and Improvements Residential" Totals:9 $12,480,212 $10,246,042 $8,933,070 0.0000 $0 $0 F1 -- "Commercial"Certified 29 $448,938,610 $448,938,610 $400,253,547 0.0000 $0 $9,429,105 F1 -- "Commercial" Totals:29 $448,938,610 $448,938,610 $400,253,547 0.0000 $0 $9,429,105 J3C -- "VarX Utility Electric Companies"ARB 1 $720 $720 $720 0.0000 $0 $0 J3C -- "VarX Utility Electric Companies"Certified 1 $71,960 $71,960 $71,960 0.0000 $0 $0 J3C -- "VarX Utility Electric Companies"Incomplete 1 $799,990 $799,990 $799,990 0.0000 $0 $0 J3C -- "VarX Utility Electric Companies" Totals:3 $872,670 $872,670 $872,670 0.0000 $0 $0 J4C -- "VarX Utility Telephone Companies"ARB 3 $2,277,707 $2,277,707 $2,277,707 0.0000 $0 $0 J4C -- "VarX Utility Telephone Companies"Certified 11 $69,793,299 $69,793,299 $69,793,299 0.0000 $0 $0 This report contains All Excluding Absolutes Process Code: 220 Table Group Name: 000 - July Roll Current Use Code Report - Certified Entity: 037 TOWN OF WESTLAKE Page 2 of 2 7/19/2020 6:43:40 PM G r o Category Roll Status # of Accts Market Value Appraised Value Taxable Value Ag Acreage Ag Deferred New Const. Value J4C -- "VarX Utility Telephone Companies"Incomplete 10 $577,572 $577,572 $577,572 0.0000 $0 $0 J4C -- "VarX Utility Telephone Companies" Totals:24 $72,648,578 $72,648,578 $72,648,578 0.0000 $0 $0 J7C -- "VarX Utility Cable Companies"Certified 1 $52,431 $52,431 $52,431 0.0000 $0 $0 J7C -- "VarX Utility Cable Companies" Totals:1 $52,431 $52,431 $52,431 0.0000 $0 $0 L1 -- "Personal Property Tangible Commercial"ARB 2 $437,789 $437,789 $437,789 0.0000 $0 $0 L1 -- "Personal Property Tangible Commercial"Certified 45 $26,809,732 $26,809,732 $14,256,388 0.0000 $0 $0 L1 -- "Personal Property Tangible Commercial"Incomplete 12 $39,173,021 $39,173,021 $23,624,211 0.0000 $0 $0 L1 -- "Personal Property Tangible Commercial" Totals:59 $66,420,542 $66,420,542 $38,318,388 0.0000 $0 $0 L1C -- "VarX Commercial"ARB 1 $82,077 $82,077 $82,077 0.0000 $0 $0 L1C -- "VarX Commercial"Certified 72 $9,061,432 $9,061,432 $6,831,125 0.0000 $0 $0 L1C -- "VarX Commercial"Incomplete 39 $4,889,754 $4,889,754 $1,333,859 0.0000 $0 $0 L1C -- "VarX Commercial" Totals:112 $14,033,263 $14,033,263 $8,247,061 0.0000 $0 $0 L2 -- "Personal Property Tangible Industrial"Certified 1 $869,392 $869,392 $869,392 0.0000 $0 $0 L2 -- "Personal Property Tangible Industrial" Totals:1 $869,392 $869,392 $869,392 0.0000 $0 $0 O -- "Residential Inventory"ARB 29 $15,318,954 $15,318,954 $15,318,954 0.0000 $0 $0 O -- "Residential Inventory"Certified 92 $39,956,378 $39,956,378 $39,956,378 0.0000 $0 $0 O -- "Residential Inventory" Totals:121 $55,275,332 $55,275,332 $55,275,332 0.0000 $0 $0 ARB Totals:140 $223,249,054 $218,836,045 $188,078,532 9.0000 $1,378,983 $8,886,830 Certified Totals:1,136 $1,748,342,448 $1,620,019,061 $1,417,599,647 1,726.9085 $95,336,424 $64,559,463 Incomplete Totals:65 $45,687,754 $45,687,754 $26,583,049 0.0000 $0 $0 In Process Totals:0 0.0000 Report Totals:1,341 $2,017,279,256 $1,884,542,860 $1,632,261,228 1,735.9085 $96,715,407 $73,446,293 This report contains All Excluding Absolutes Process Code: 220 Table Group Name: 000 - July Roll Entity Exemptions Report 2020 000 - JULY ROLL 037 TOWN OF WESTLAKE Page 1 of 3 7/19/2020 4:15:44 PM Exemption Type Certified Loss Count ARB Loss Count Incomplete Loss Count Total Loss Count Abatements $61,237,916 3 $0 0 $15,481,192 1 $76,719,108 4 Absolute Charitable $0 0 $0 0 $0 0 $0 0 Absolute Miscellaneous $0 0 $0 0 $0 0 $0 0 Absolute Public $27,761,606 57 $0 0 $0 0 $27,761,606 57 Absolute Religious & Private Schools $0 0 $0 0 $0 0 $0 0 Community Housing Development $0 0 $0 0 $0 0 $0 0 Disabled Vet 100%$0 0 $0 0 $0 0 $0 0 Disabled Vet 10-29%$0 0 $0 0 $0 0 $0 0 Disabled Vet 30-49%$0 0 $0 0 $0 0 $0 0 Disabled Vet 50-69%$10,000 1 $10,000 1 $0 0 $20,000 2 Disabled Vet 70-99%$12,000 1 $0 0 $0 0 $12,000 1 Donated Disabled Vet $0 0 $0 0 $0 0 $0 0 Foreign Trade Zone $0 0 $0 0 $0 0 $0 0 Historic Sites $0 0 $0 0 $0 0 $0 0 Homestead Local Option-Disabled Person $10,000 1 $0 0 $0 0 $10,000 1 Homestead Local Option-Disabled Person Over 65 $0 0 $0 0 $0 0 $0 0 Homestead Local Option-General $138,048,700 362 $30,647,513 70 $0 0 $168,696,213 432 Homestead Local Option-Over 65 $870,000 88 $100,000 10 $0 0 $970,000 98 Homestead State Mandated-Disabled Person $0 0 $0 0 $0 0 $0 0 Homestead State Mandated-Disabled Person Over 65 $0 0 $0 0 $0 0 $0 0 Homestead State Mandated-General $0 0 $0 0 $0 0 $0 0 Homestead State Mandated-Over 65 $0 0 $0 0 $0 0 $0 0 Indigent Housing $0 0 $0 0 $0 0 $0 0 Inventory $0 0 $0 0 $0 0 $0 0 Misc Personal Property (Vehicles, etc.)$2,230,307 13 $0 0 $3,555,895 10 $5,786,202 23 Nominal Value $491 1 $0 0 $536 2 $1,027 3 Pollution control $0 0 $0 0 $67,082 1 $67,082 1 Property Damaged by Disaster $0 0 $0 0 $0 0 $0 0 Solar & Wind Powered Devices $0 0 $0 0 $0 0 $0 0 Surviving Spouse Disabled Vet 100%$0 0 $0 0 $0 0 $0 0 Surviving Spouse Donated Disabled Vet $0 0 $0 0 $0 0 $0 0 Entity Exemptions Report 2020 000 - JULY ROLL 037 TOWN OF WESTLAKE Page 2 of 3 7/19/2020 4:15:44 PM Exemption Type Certified Loss Count ARB Loss Count Incomplete Loss Count Total Loss Count Surviving Spouse KIA Armed Service Member $0 0 $0 0 $0 0 $0 0 Surviving Spouse of First Responder KLD $0 0 $0 0 $0 0 $0 0 Transfer Base Value for SS Disable Vet $0 0 $0 0 $0 0 $0 0 Transfer Base Value SS KIA Armed Service Member $0 0 $0 0 $0 0 $0 0 Transfer Base Value SS of First Responder KLD $0 0 $0 0 $0 0 $0 0 Subtotals ==>$230,181,020 527 $30,757,513 81 $19,104,705 14 $280,043,238 622 Entity Exemptions Report 2020 000 - JULY ROLL 037 TOWN OF WESTLAKE Page 3 of 3 7/19/2020 4:15:44 PM Total Appraised *$1,912,304,466 Absolute Exempt $27,761,606 Cases Before ARB $218,836,045 Incompletes $45,687,754 Partial Exemptions $202,419,414 Calculated Net Taxable Value $1,417,599,647 Total # of Accounts *1,400 * Only includes totals from Agricultural Properties, Mineral Lease Properties, Personal Property Commercial, Personal Property Industrial, Real Estate Commercial, Real Estate Industrial, and Real Estate Residential. Entity Totals Exemption Type Certified Loss Count ARB Loss Count Incomplete Loss Count Total Loss Count Prorated Absolute (included in above Absolute categories)$0 0 $0 0 $0 0 $0 0 Deferral Type Certified Loss Count ARB Loss Count Incomplete Loss Count Total Loss Count Ag Deferrals $95,336,424 81 $1,378,983 1 $0 0 $96,715,407 82 Scenic Deferrals $0 0 $0 0 $0 0 $0 0 Subtotals ==>$95,336,424 81 $1,378,983 1 $0 0 $96,715,407 82 In Process $0 Entities Residential Graph Report 7/19/2020 3:32:41 PMTOWN OF WESTLAKE 2020 Total Parcel Counts:504 Average Market: 1,885,129 Average NTV: 1,612,042 REAL PROPERTY & MFT HOMES 216,661,578Market Value 56,690Improvement HS Value 193,713,307Improvement NHS Value 193,769,997Total Improvement 108,900Land HS Value 16,848,598Land NHS Value BUSINESS PERSONAL PROPERTY 5,934,083Ag Land Market Value 22,891,581Total Land Value 0HS CAP Limitation Value (-) 213,766,042NET APPRAISED VALUE (Count) (25) (19) 3,035,966Market Value OIL & GAS / MINERALS (0) 0Market Value OTHER (Intangibles, Rolling Stock)(0) 0Market Value 5,362,198NET TAXABLE 219,697,544TOTAL MARKET (Total Count) (44) 4,123,347 0 0 54,146,856 50,021,034 2,475 4,149,369 54,144,381 (Count) (15) 0 2,475 (0) 0 54,146,856 (Total Count) (15) (0) 0 0 4,149,369 (0) 20,971,945 3,035,966 0 273,844,400 55,955,117 193,772,472 217,915,411 77,035,962 (Count) (40) 56,690 193,715,782 (0) 0 270,808,434 (Total Count) (59) (19) 0 108,900 9,511,567 (0) PRELIMINARY UNDER REVIEW TOTAL DENTON CAD C44 0 2020 As of Roll # Preliminary Totals WESTLAKE TOWN OF APPROX TOTAL LEVY = NET TAXABLE * (TAX RATE / 100) $15,235.63 =9,511,567 0.160180*/ 100) APPRAISED VALUE 213,766,042 217,915,4114,149,369 26,1282,581 23,547 55,928,9895,931,502 50,021,034Ag Land Market Value 55,955,117 49,997,487 5,934,083 Ag Loss (-) Ag Use 208,403,8440Total Exemption Amount 208,403,844 100%43.6%56.4% 11:43:49 AM <trueprodigy.com>07/24/20Printed:7/24/20 5:30 AMGenerated: of 1262Page 242 Preliminary Totals WESTLAKE TOWN OF C44 As of Roll #0 2020 Exemptions DENTON CAD PRELIMINARY UNDER REVIEW TOTALEXEMPTIONS CountCountTotalTotal CountTotalCodeMethod AB 4 0203,902,387 0 203,902,387 4AB EX-XV 12 01,510,881 0 1,510,881 12EX-XV EX-XV-PRORATED 4 02,990,070 0 2,990,070 4EX-XV EX366 2 05060 506 2EX366 11:43:49 AM <trueprodigy.com>07/24/20Printed:7/24/20 5:30 AMGenerated: of 1262Page 243 Preliminary Totals WESTLAKE TOWN OF C44 2020 DENTON CAD No-New-Revenue Tax Rate Assumption As of Roll # 0 New Value Total New Market Value: Total New Taxable Value: $112,029,165 $1,443,743 Exemption Description Count Last Year Market Value New Absolute Exemptions Exemption Loss 4EX-XV 0Other Exemptions including public property, relig... Absolute Exemption Value Loss:0 CountDescription Partial Exemption AmtExemption New Partial Exemptions Total NEW Exemption Value 0Partial Exemption Value Loss: 0 CountDescription Increased Exemption AmtExemption Increased Exemptions Total Exemption Value Loss:0 Increased Exemption Value Loss:00 0 4 Property Under Review - Lower Value Used Lower Market ValueCountMarket Value Estimated Lower Taxable Value 16,764,0621554,146,856 915,425 11:43:49 AM <trueprodigy.com>07/24/20Printed:7/24/20 5:30 AMGenerated: of 1262Page 244 Preliminary Totals WESTLAKE TOWN OF C44 As of Roll #0 2020 DENTON CAD State Category Breakdown Preliminary Count Acres New ValueCodeDescription Market Value Taxable Value C2 Colonia Lots and Land Tracts 1 0 117,743 47,098 D1 Qualified Open-Space Land 9 35.86 0 6,748,481 246,110 D2 Farm or Ranch Improvements on Qualified 1 0 25,263 25,263 E Rural Land,Not Qualified for Open-Space Land 2 0 2,172,247 968,253 ERROR ERROR 1 0 1,360 1,360 F1 Commercial Real Property 3 112,029,165 206,086,963 1,040,014 J3 Electric Companies (including Co-ops)3 0 519,940 519,940 J4 Telephone Companies (including Co-ops)4 0 1,737,010 1,737,010 J7 Cable Companies 4 0 166,400 166,400 L1 Commercial Personal Property 5 0 610,750 610,750 XB Income Producing Tangible Personal 2 0 506 0 XV Other Totally Exempt Properties (including 12 0 1,510,881 0 Totals:35.86 112,029,165 219,697,544 5,362,198 11:43:49 AM <trueprodigy.com>07/24/20Printed:7/24/20 5:30 AMGenerated: of 1262Page 245 Preliminary Totals WESTLAKE TOWN OF C44 As of Roll #0 2020 DENTON CAD State Category Breakdown Under Review Count Acres New ValueCodeDescription Market Value Taxable Value D1 Qualified Open-Space Land 15 298.46 0 50,021,034 23,547 D2 Farm or Ranch Improvements on Qualified 1 0 1,809 1,809 E Rural Land,Not Qualified for Open-Space Land 1 0 329,065 329,065 F1 Commercial Real Property 2 0 3,794,948 3,794,948 Totals:298.46 0 54,146,856 4,149,369 11:43:49 AM <trueprodigy.com>07/24/20Printed:7/24/20 5:30 AMGenerated: of 1262Page 246 Preliminary Totals WESTLAKE TOWN OF C44 As of Roll #0 2020 DENTON CAD State Category Breakdown Grand Totals Count Acres New ValueCodeDescription Market Value Taxable Value C2 Colonia Lots and Land Tracts 1 0 117,743 47,098 D1 Qualified Open-Space Land 24 334.31 0 56,769,515 269,657 D2 Farm or Ranch Improvements on Qualified 2 0 27,072 27,072 E Rural Land,Not Qualified for Open-Space Land 3 0 2,501,312 1,297,318 ERROR ERROR 1 0 1,360 1,360 F1 Commercial Real Property 5 112,029,165 209,881,911 4,834,962 J3 Electric Companies (including Co-ops)3 0 519,940 519,940 J4 Telephone Companies (including Co-ops)4 0 1,737,010 1,737,010 J7 Cable Companies 4 0 166,400 166,400 L1 Commercial Personal Property 5 0 610,750 610,750 XB Income Producing Tangible Personal 2 0 506 0 XV Other Totally Exempt Properties (including 12 0 1,510,881 0 Totals:334.31 112,029,165 273,844,400 9,511,567 11:43:49 AM <trueprodigy.com>07/24/20Printed:7/24/20 5:30 AMGenerated: of 1262Page 247 Resolution 20-22 Page 1 of 2 TOWN OF WESTLAKE RESOLUTION NO. 20-22 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, APPROVING THE TAX ROLLS FOR TAX YEAR 2020 ON PROPERTY WITHIN THE TOWN; APPROVING THE ESTIMATED TAX COLLECTION RATE; AND DESIGNATING AN OFFICIAL TO CALCULATE THE NO-NEW-REVUNUE TAX RATE AND THE VOTER-APPROVAL RATE. WHEREAS, on July 24, 2020, the Chief Appraisers of Tarrant Appraisal District (TAD) and Denton Central Appraisal District (DCAD) provided to the Town of Westlake the tax rolls for 2020 with a total appraised value of $2,130,219,877 and having a net taxable value of $1,422,961,845. Tarrant County provided certified values while Denton County provided certified estimates. DCAD certified values will be provided at a later date; and, WHEREAS, Texas Tax Code 26.04(c)and 26.17(e) now requires an officer or employee designated by the governing body to calculate the no-new-revenue tax rate and the voter-approval tax rate for the taxing unit after submission of the certified appraisal rolls; and, WHEREAS, all legal prerequisites for the adoption of this resolution have been met, including but not limited to the Local Government Code, the Open Meetings Act, and the Texas Tax Code; and, WHEREAS, the Town Council finds that the passage of this Resolution is in the best interest of the citizens of Westlake. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That the tax rolls value for the tax year 2020 for the Town of Westlake, Texas be and hereby approved in the amount of $2,130,219,877 for total appraised value. SECTION 3: That the certified taxable value of $ 1,422,961,845 is approved. SECTION 4: That in addition to the value shown in Section 3 above, the Chief Appraisers have prepared a list of all properties pending disposition before the Appraisal Review Boards. A projected minimum value of $155,327,901 has been assigned to this property for a total of $1,578,289,746 used for budget purposes. Resolution 20-22 Page 2 of 2 SECTION 5: That the estimated collection rate of 100% as calculated by Tarrant County Tax Assessor-Collector is accepted. SECTION 5: That the Finance Director is hereby authorized to calculate the no-new- revenue tax rate and the voter-approval tax rate for the Town of Westlake in accordance with Section 26 of the Texas Tax Code. SECTION 6: If any portion of this resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. SECTION 4: That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED ON THIS 24th DAY OF AUGUST 2020. ATTEST: _____________________________ Laura L. Wheat, Mayor ____________________________ ______________________________ Todd Wood, Town Secretary Amanda DeGan, Town Manager APPROVED AS TO FORM: ____________________________ L. Stanton Lowry, Town Attorney Page 1 of 2 Westlake Town Council TYPE OF ACTION Regular Meeting - Consent Westlake Town Council Meeting Monday, August 24, 2020 TOPIC: Authorize Town Manager or designee to approve the donation of surplus Self-Contained Breathing Apparatus equipment (SCBAs) to the Texas A&M Forest Service Helping Hand Program. STAFF CONTACT: Richard Whitten, Fire Chief Strategic Alignment Vision, Value, Mission Perspective Strategic Theme & Results Outcome Objective Mission: Westlake is a unique community blending preservation of our natural environment and viewscapes, while serving our residents and businesess with superior municipal and academic services that are accessible, efficient, cost- effective, & transparent. N/A Exemplary Service & Governance -We set the standard by delivering unparalleled municipal and educational services at the lowest cost. Improve Technology, Facilities & Equipment Time Line - Start Date: August 24, 2020 Completion Date: N/A Funding Amount: N/A Status - N/A Source - N/A Contract: No Forms: N/A EXECUTIVE SUMMARY (INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) As part of the Town of Westlake’s commitment to provide and maintain quality personal protective equipment for Fire-EMS personnel, it is necessary to replace equipment reaching the end of service life. As an opportunity to repurpose the dated equipment, Town Council may donate the surplus equipment to another municipality, county, state agency, or nonprofit organization. Page 2 of 2 RECOMMENDATION Staff recommends donating the listed surplus SCBAs to the Texas A&M Forest Service Helping Hands Program. ATTACHMENTS Surplus Property Transfer Form - Exhibit "A" Resolution Exhibit "A" - Resolution 20-23 Resolution 20-23 Page 1 of 2 TOWN OF WESTLAKE RESOLUTION NO. 20-23 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, AUTHORIZING THE TOWN MANGER OR DESIGNEE TO APPROVE THE DONATION OF SURPLUS SELF-CONTAINED BREATHING APPARATUS EQUIPMENT (SCBAs) TO THE TEXAS A&M FOREST SERVICE HELPING HANDS PROGRAM. WHEREAS, the Town of Westlake provides Fire-EMS services; and WHEREAS, the Town Council desires to maintain quality personal protective equipment for personnel which must be replaced and when equipment has reached an end of service life may be used for training purposes; and WHEREAS, the Town Council may authorize the donation of dated equipment which no longer has value to the Town of Westlake to another municipality, county, state agency, or nonprofit organization; and WHEREAS, the staff recommends donating the listed surplus SCBAs to the Texas A&M Forest Service Helping Hands Program; and WHEREAS, the Town Council finds passage of this Resolution in the best interest for extending the service life of the surplus equipment; NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, SECTION 1. That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2. That, the Westlake Town Council does hereby authorize the Town Manager or designee to approve the donation of surplus SCBAs to Texas A&M Forest Service Helping Hands Program as illustrated in Exhibit “A”. SECTION 3: If any portion of this Resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. SECTION 4: That this resolution shall become effective from and after its date of passage. Resolution 20-23 Page 2 of 2 PASSED AND APPROVED ON THIS 24TH DAY OF AUGUST 2020. ATTEST: _____________________________ Laura L. Wheat, Mayor ____________________________ ______________________________ Todd Wood, Town Secretary Amanda DeGan, Town Manager APPROVED AS TO FORM: ____________________________ L. Stanton Lowry, Town Attorney Page 1 of 3 Westlake Town Council TYPE OF ACTION Regular Meeting - Action Item Westlake Town Council Meeting Monday, August 24, 2020 TOPIC: Consider a Resolution Adopting a Maximum Proposed Ad Valorem Tax Rate, Take a Record Vote, and Setting the Date for the Public Hearing and Adoption of the Operating Budget and Tax Rate for Fiscal Year 2020-2021. STAFF CONTACT: Amanda DeGan, Town Manager Debbie Piper, Finance Director Ginger Awtry, Administrative Services Director Strategic Alignment Vision, Value, Mission Perspective Strategic Theme & Results Outcome Objective Mission: Westlake is a unique community blending preservation of our natural environment and viewscapes, while serving our residents and businesess with superior municipal and academic services that are accessible, efficient, cost- effective, & transparent. Fiscal Stewardship Exemplary Service & Governance - We set the standard by delivering unparalleled municipal and educational services at the lowest cost. Increase Transparency, Accessibility & Communications Strategic Initiative Outside the Scope of Identified Strategic Initiatives Time Line - Start Date: August 24, 2020 Completion Date: August 24, 2020 Funding Amount: 0.00 Status - Not Funded Source - N/A EXECUTIVE SUMMARY (INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) Section 26.04 of the Texas Property Tax Code requires the no-new-revenue tax rate, the voter- approval tax rate and the calculations used to determine each rate be submitted to the Town Council. Page 2 of 3 The certified values of the Tarrant County Appraisal District (TAD) and Denton Central Appraisal District (DCAD) were used in the calculation of Form 50-856 (2020 Tax Rate Calculation Worksheet) which has been certified by the Town Council’s designated person preparing the tax rate as per SB2 and Texas Tax Code 26.04 and 26.17. (see attachment ) Definitions: • No-New-Revenue (NNR) Tax Rate (formerly known as the effective tax rate): The tax rate that will generate the same total amount of property tax revenue as the previous year from the same properties. This rate serves as the benchmark from which all Truth-in- Taxation requirements are measured. o The NNR rate for FY 2021-2021 is $0.16809 per $100 valuation. • NNR Maintenance & Operations (M&O) Rate: The tax rate that will generate the same amount of tax revenue for maintenance and operations as the previous year. It does not consider revenues from new properties in the current year. o The NNR M&O rate (after the sales tax rate adjustment) for FY 2020-2021 is $0.12494 per $100 valuation. • Voter-Approval Tax (VA) Rate (formerly known as the roll-back tax rate): The maximum tax rate the Town may adopt without requiring an election. o The calculated voter-approval rate is $0.18969 per $100 valuation. • Debt Tax Rate: The rate required to generate revenue to meet debt service requirements, which is unlimited in terms of calculating the voter-approved tax rate. o The debt tax rate for FY 2020-2021 is $0.04315 per $100 valuation • De Minimis Rate: The de minimis rate was added to SB2 to allow smaller cities some flexibility to adopt a tax rate that generates $500,000 more in property tax revenue than the previous year. The thinking was that applying a 3.5 percent voter-approval rate in some small communities would unnecessarily restrict revenue growth to sometimes just a nominal amount, and the application of the lowered voter-approval rate created an unfair result for small towns. This de minimis rate applies to a city with a population of less than 30,000. o The de minimis rate is $0.34294 per $100 valuation. The Fiscal Year 2020-21 proposed budget was prepared based on a total tax rate of $0.16809, the No-New-Revenue rate. This is an increase of $0.01041 from the current rate. Due to the uncertainty of Denton County’s valuations, and to maintain maximum budget flexibility, Staff is recommending the Town Council consider a motion that proposes adoption of a maximum proposed ad valorem tax rate of $0.18969, the Voter-Approval rate. Page 3 of 3 This vote does not commit the Town Council to a tax rate. The purpose of this vote is to establish the upper threshold for the tax rate that the Council will consider when an actual vote is required on September 14, 2020. At that time, the Town Council may consider any rate up to the amount that is approved at this time but may not exceed that rate. As the proposed tax rate for 2020 exceeds the 2020 NNR rate, the Town Council must adopt the rate by roll call vote and provide the public with notice and opportunity to be heard per Senate Bill 2. Notice and opportunity can be accomplished by publishing notice of, and then holding one public hearing regarding the maximum proposed tax rate. (Note: the single tax rate hearing is a change from previous legal requirements.) The proposed date for the public hearing is Monday, September 14, 2020 at 5:00 p.m. to be held via video conference. The video conference link will be provided on the published Town of Westlake Town Council agenda. The notice will be published in the Star-Telegram by August 28, 2020. State law requires a Town Council vote to place the adoption of the tax rate on a future Town Council agenda as an action item. The date for this vote is planned for Monday, September 14, 2020 at 5:00 p.m. to be held via video conference. The video conference link will be published on the Town of Westlake Council agenda. In addition, the governing body of a municipality shall hold a public hearing on the proposed budget prior to adopting the proposed tax rate. This public hearing will take place prior to the public hearing regarding the adoption of the tax rate on September 14, 2020 at 5:00 p.m. RECOMMENDATION Take a record vote on the maximum proposed ad valorem tax rate, set public hearing date for the adoption of the Operating Budget and tax rate for Fiscal Year 2020-2021. ATTACHMENTS Form 50-856 (2020 Tax Rate Calculation Worksheet) Resolution Page 1 1001.1.7 08/18/2020 05:39 PMDate: Town of Westlake 817-490-5712 westlake-tx.org Taxing Unit Name 1500 Solana Boulevard, Building 7, Suite 7200, Westlake, TX 76262 Phone (area code and number Taxing Unit's Website AddressTaxing Unit Address, City, State, ZIP Code GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to calculate the no-new-revenue (NNR) tax rate and voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated. The calculation process starts after the chief appraiser delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or employee has accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the governing body by Aug. 7 or as soon thereafter as practicable. School districts do not use this form, but instead use Comptroller For 50-859 Tax Rate Calculation Worksheet, School District without Chapter 313 Agreements or Comptroller Form 50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 Agreements. Water districts as defined under Water Code Section 49.001(1) do use this form but instead use Comptroller Form 50-858 Water District Voter-Approval Tax Rate Worksheet for Low Tax Rate and Developing Districts or Comptroller Form 50-860 Developed water District Voter-Approval Tax Rate Worksheet. The Comptroller's office provides this worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is offered as technical assistance and not legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption. Line No-New-Revenue Rate Activity Amount/Rate 1. 2. 3. 4. 5. 2019 total taxable value. Enter the amount of 2019 taxable value on the 2019 tax roll today. Include any adjustments since last year's certification; exclude Tax Code Section 25.25(d) one-fourth and one-third over-appraisal corrections from these adjustments. Exclude any property value subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value of homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax increment financing (will deduct taxes in Line 17).[1] 2019 tax ceilings. Counties, cities and junior college districts. Enter 2019 total taxable value of homesteads with tax ceilings. These include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling provision in 2019 or a prior year for homeowners age 65 or older or disabled, use this step.[2] Preliminary 2019 adjusted taxable value. Subtract Line 2 from Line 1. 2019 total adopted tax rate. 2019 taxable value lost because court appeals of ARB decisions reduced 2019 appraised value. A. Original 2019 ARB values: B. 2019 values resulting from final court decisions: C. 2019 value loss. Subtract B from A.[3] $1,531,753,631 $126,179,352 $1,405,574,279 $.160180 $34,316,275 $143,808,907 $109,492,632 2020 Tax Rate Calculation Worksheet Taxing Units Other Than School Districts or Water Districts STEP 1: No-New-Revenue Tax Rate The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal values increase, the NNR tax rate should decrease. The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies. While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax rate separately for the maintenance and operations tax and the debt tax, then add the two components together. Page 2 1001.1.7 Line No-New-Revenue Rate Activity Amount/Rate 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 2019 taxable value subject to an appeal under Chapter 42, as of July 25. A. 2019 ARB certified value: B. 2019 disputed value: C. 2019 undisputed value Subtract B from A.[4] 2019 Chapter 42-related adjusted values. Add Line 5 and 6 2019 taxable value, adjusted for court-ordered reductions. Add Lines 3 and 7 2019 taxable value of property in territory the taxing unit deannexed after Jan. 1, 2019. Enter the 2019 value of property in deannexed territory.[5] 2019 taxable value lost because property first qualified for an exemption in 2020. If the taxing unit increased an original exemption, use the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to freeport, goods-in-transit, temporary disaster exemptions. Note that lowering the amount or percentage of an existing exemption in 2020 does not create a new exemption or reduce taxable value. A. Absolute exemptions. Use 2019 market value: B. Partial exemptions. 2020 exemption amount or 2020 percentage exemption times 2019 value: C. Value loss. Add A and B.[6] 2019 taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1),timber appraisal, recreational/scenic appraisal or public access airport special appraisal in 2020. Use only properties that qualified in 2020 for the first time; do not use properties that qualified in 2019. A. 2019 market value: B. 2020 productivity or special appraised value: C. Value loss. Subtract B from A.[7] Total adjustments for lost value. Add Lines 9, 10C and 11C. Adjusted 2019 taxable value. Subtract Line 12 from Line 8 Adjusted 2019 total levy. Multiply Line 4 by Line 13 and divide by $100 Taxes refunded for years preceding tax year 2019. Enter the amount of taxes refunded by the district for tax years preceding tax year 2019. Types of refunds include court decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors. Do not include refunds for tax year 2019. This line applies only to tax years preceding tax year 2019.[8] Taxes in tax increment financing (TIF) for tax year 2019 Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the taxing unit has no 2020 captured appraised value in Line 18D, enter 0.[9] Adjusted 2019 levy with refunds and TIF adjustment. Add Lines 14, and 15, subtract Line 16.[10] Total 2020 taxable value on the 2020 certified appraisal roll today. This value includes only certified values or certified estimate of values and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 20). These homesteads include homeowners age 65 or older or disabled.[11] A. Certified values: B. Counties: Include railroad rolling stock values certified by the Comptroller's office. C. Pollution control and energy storage system exemption: Deduct the value of property exempted for the current tax year for the first time as pollution control or energy storage system property D. Tax increment financing: Deduct the 2020 captured appraised value of property taxable by a taxing unit in a tax increment financing zone for which the 2020 taxes will be deposited into the tax increment fund. Do not include any new 0 34,316,275 $1,439,890,554 $0 $7,706,830 $0 $7,706,830 $1,432,183,724 $2,294,071 $41,354 $0 $2,335,425 0 0 $0 $7,706,830 $0 $0 $1,422,961,845 $0 $0 $0 Page 3 1001.1.7 Line No-New-Revenue Rate Activity Amount/Rate 19. 20. 21. 22. 23. 24. 25. 26. 27. property value that will be included in Line 23 below.[12] E. Total 2020 value Add A and B, then subtract C and D Total value of properties under protest or not included on certified appraisal roll.[13] A. 2020 taxable value of properties under protest The chief appraiser certifies a list of properties still under ARB protest. The list shows the appraisal district's value and the taxpayer's claimed value, if any, or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest of these values. Enter the total value under protest.[14] B. 2020 value of properties not under protest or included on certified appraisal roll. The chief appraiser gives taxing units a list of those taxable properties that the chief appraiser knows about but are not included in the appraisal roll certification. These properties also are not on the list of properties that are still under protest. On this list of properties, the chief appraiser includes the market value, appraised value and exemptions for the preceding year and a reasonable estimate of the market value, appraised value and exemptions for the current year. Use the lower market, appraised or taxable value (as appropriate). Enter the total value of property not on the certified roll.[15] C. Total value under protest or not certified. Add A and B. 2020 tax ceilings. Counties, cities and junior colleges enter 2020 total taxable value of homesteads with tax ceilings. These include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling provision in 2019 or a prior year for homeowners age 65 or older or disabled, use this step.[16] 2020 total taxable value. Add Lines 18E and 19C. Subtract Line 20C.[17] Total 2020 taxable value of properties in territory annexed after Jan. 1, 2019. Include both real and personal property. Enter the 2020 value of property in territory annexed.[18] Total 2020 taxable value of new improvements and new personal property located in new improvements. New means the item was not on the appraisal roll in 2019. An improvement is a building, structure, fixture or fence erected on or affixed to land. New additions to existing improvements may be included if the appraised value can be determined. New personal property in a new improvement must have been brought into the taxing unit after Jan. 1, 2019 and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2020.[19] Total adjustments to the 2020 taxable value. Add Lines 22 and 23. Adjusted 2020 taxable value. Subtract Line 24 from Line 21. 2020 NNR tax rate. Divide Line 17 by Line 25 and multiply by $100.[20] COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county levies. The total is the 2020 county NNR tax rate.[21] $1,422,961,845 $155,327,900 $110,806,977 $1,467,482,768 $0 $78,161,464 $78,161,464 $1,389,321,304 $.168090 /$100 [1]Tex. Tax Code Section [2]Tex. Tax Code Section [3]Tex. Tax Code Section [4]Tex. Tax Code Section [5]Tex. Tax Code Section [6]Tex. Tax Code Section [7]Tex. Tax Code Section [8]Tex. Tax Code Section [9]Tex. Tax Code Section [10]Tex. Tax Code Section [11]Tex. Tax Code Section [12]Tex. Tax Code Section [13]Tex. Tax Code Section [14]Tex. Tax Code Section [15]Tex. Tax Code Section [16]Tex. Tax Code Section [17]Tex. Tax Code Section [18]Tex. Tax Code Section [19]Tex. Tax Code Section [20]Tex. Tax Code Section [21]Tex. Tax Code Section $135,804,341 $19,523,559 Page 4 1001.1.7 Line Voter Approval Tax Rate Activity Amount/Rate 28. 29. 30. 31. 32. 33. 34. 2019 M&O tax rate. Enter the 2019 M&O tax rate. 2019 taxable value, adjusted for actual and potential court-ordered adjustments. Enter the amount in Line 8 of the No-New-Revenue Tax Rate Worksheet. Total 2019 M&O levy. Multiply Line 28 by Line 29 and divide by 100. Adjusted 2019 levy for calculating NNR M&O rate. A. 2019 sales tax specifically to reduce property taxes. For cities, counties and hospital districts, enter the amount of additional sales tax collected and spent on M&O expenses in 2019, if any. Other taxing units, enter 0. Counties must exclude any amount that was spent for economic development grants from the amount of sales tax spent. B. M&O taxes refunded for years preceding tax year 2019. Enter the amount of M&O taxes refunded in the preceding year for taxes before that year. Types of refunds include court decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors. Do not include refunds for tax year 2019. This line applies only to tax years preceding tax year 2019. C. 2019 taxes in TIF: Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the taxing unit has no 2020 captured appraised value in Line 18D, enter 0. D. 2019 transferred function: If discontinuing all of a department, function or activity and transferring it to another taxing unit by written contract, enter the amount spent by the taxing unit discontinuing the function in the 12 months preceding the month of this calculation. If the taxing unit did not operate this function for this 12-month period, use the amount spent in the last full fiscal year in which the taxing unit operated the function. The taxing unit discontinuing the function will subtract this amount in E below. The taxing unit receiving the function will add this amount in E below. Other taxing units enter 0. E. 2019 M&O levy adjustments. Add A and B, then subtract C. For taxing unit with D, subtract if discontinuing function and add if receiving function F. Add Line 30 to 31E. Adjusted 2020 taxable value. Enter the amount in Line 25 of the No-New- Revenue Tax Rate Worksheet. 2020 NNR M&O rate (unadjusted) Divide Line 31F by Line 32 and multiply by $100. Rate adjustment for state criminal justice mandate.[23] A. 2020 state criminal justice mandate. Enter the amount spent by a county in the previous 12 months providing for the maintenance and operation cost of keeping inmates in county-paid facilities after they have been sentenced. Do not include any state reimbursement received by the county for the same purpose. B. 2019 state criminal justice mandate Enter the amount spent by a county in the 12 months prior to the previous 12 months providing for the maintenance and operation cost of keeping inmates in county-paid facilities after they have been sentenced. Do not include any state reimbursement received by the county for the same purpose. Enter zero if this is the first time the mandate applies $.114530 1,439,890,554 1,649,106 3,691,802 1,389,321,304 0.26572 2,008,168 34,528 0 0 2,042,696 0 0 STEP 2: Voter-Approval Tax Rate The voter-approval tax rate is the highest tax rate that a taxing unit may adopt without holding an election to seek voter approval of the rate. The voter-approval tax rate is split into two separate rates: 1. Maintenance and Operations (M&O) Tax Rate: The M&O portion is the tax rate that is needed to raise the same amount of taxes that the taxing unit levied in the prior year plus the applicable percentage allowed by law. This rate accounts for such things as salaries, utilities and day-to-day operations. 2. Debt Rate: The debt rate includes the debt service necessary to pay the taxing unit's debt payments in the coming year. This rate accounts for principal and interest on bonds and other debt secured by property tax revenue. The voter-approval tax rate for a county is the sum of the voter-approval tax rates calculated for each type of tax the county levies. In most cases the voter-approval tax rate exceeds the no-new-revenue tax rate, but occasionally decreases in a taxing unit's debt service will cause the NNR tax rate to be higher than the voter-approval tax rate. Page 5 1001.1.7 Line Voter Approval Tax Rate Activity Amount/Rate 35. 36. 37. 38. 39. C. Subtract B from A and divide by Line 32 and multiply by $100 D. Enter the rate calculated in C. If not applicable, enter 0. Rate adjustment for indigent health care expenditures[24] A. 2020 indigent health care expenditures Enter the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the period beginning on July 1, 2019 and ending on June 30, 2020, less any state assistance received for the same purpose B. 2019 indigent health care expenditures Enter the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the period beginning on July 1, 2018 and ending on June 30, 2019, less any state assistance received for the same purpose C. Subtract B from A and divide by Line 32 and multiply by $100 D. Enter the rate calculated in C. If not applicable, enter 0. Rate adjustment for county indigent defense compensation.[25] A. 2020 indigent defense compensation expenditures. Enter the amount paid by a county to provide appointed counsel for indigent individuals for the period beginning on July 1, 2019 and ending on June 30, 2020, less any state grants received by the county for the same purpose B. 2019 indigent defense compensation expenditures. Enter the amount paid by a county to provide appointed counsel for indigent individuals for the period beginning on July 1, 2018 and ending on June 30, 2019, less any state grants received by the county for the same purpose C. Subtract B from A and divide by Line 32 and multiply by $100 D. Multiply B by 0.05 and divide by Line 32 and multiply by $100. E. Enter the lessor of C and D. If not applicable, enter 0. Rate adjustment for county hospital expenditures. A. 2020 eligible county hospital expenditures Enter the amount paid by the county or municipality to maintain and operate an eligible county hospital for the period beginning on July 1, 2019 and ending on June 30, 2020 B. 2019 eligible county hospital expenditures Enter the amount paid by the county or municipality to maintain and operate an eligible county hospital for the period beginning on July 1, 2018 and ending on June 30, 2019 C. Subtract B from A and divide by Line 32 and multiply by $100 D. Multiply B by 0.08 and divide by Line 32 and multiply by $100 E. Enter the lessor of C and D, if applicable. If not applicable, enter 0. Adjusted 2020 NNR M&O rate. Add Lines 33, 34D, 35D, 36E, and 37E. 2020 voter-approval M&O rate. Enter the rate as calculated by the appropriate scenario below. Special Taxing Unit If the taxing unit qualifies as a special taxing unit, multiply Line 38 by 1.08 -or- Other Taxing Unit If the taxing unit does not qualify as a special taxing unit, multiply Line 38 by 1.035. -or- Taxing unit affected by disaster declaration If the taxing unit is located in an area declared as disater area, the governing body may direct the person calculating the voter-approval rate to calculate in the manner provided for a special taxing unit. The taxing unit shall continue to calculate the voter-approval rate in this manner until the earlier of 1) the second year in which total taxable value on the certified appraisal roll exceeds the total taxable value of the tax year in which the disaster occurred, and 2) the third tax year after the tax year in which the disaster occurred. If the taxing unit qualifies under this scenario, multiply Line 38 by 1.08. [27] 0.00000 0.00000 0.00000 0.00000 0.26572 0.27502 0.00000 0 0 0.00000 0 0 0.00000 0.00000 0 0 0.00000 0.00000 Page 6 1001.1.7 Line Voter Approval Tax Rate Activity Amount/Rate 40. 41. 42. 43. 44. 45. 46. 47. 48. Total 2020 debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will be paid on debts that: (1) are paid by property taxes, (2) are secured by property taxes, (3) are scheduled for payment over a period longer than one year, and (4) are not classified in the taxing unit's budget as M&O expenses. A. Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district budget payments. Enter debt amount B. Subtract unencumbered fund amount used to reduce total debt. C. Subtract certified amount spent from sales tax to reduce debt(enter zero if none) D. Subtract amount paid from other resources E. Adjusted debt Subtract B, C and D from A Certified 2019 excess debt collections Enter the amount certified by the collector. Adjusted 2020 debt Subtract Line 41 from Line 40E 2020 anticipated collection rate. A. Enter the 2020 anticipated collection rate certified by the collector B. Enter the 2019 actual collection rate C. Enter the 2018 actual collection rate D. Enter the 2017 actual collection rate E. If the anticipated collection rate in A is lower than actual collection rates in B, C and D, enter the lowest collection rate from B, C and D. If the anticipated rate in A is higher than at least one of the rates in the prior three years, enter the rate from A. Note that the rate can be greater than 100%. 2020 debt adjusted for collections. Divide Line 42 by Line 43E. 2020 total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet. 2020 debt rate Divide Line 44 by Line 45 and multiply by $100. 2020 voter-approval tax rate. Add Line 39 and 46. COUNTIES ONLY. Add together the voter-approval tax rate for each type of tax the county livies. The total is the 2020 county voter-approval tax rate. 633,271 0 633,271 100.00 633,271 1,467,482,768 0.04315 0.31817 Line Additional Sales and Use Tax Worksheet Amount/Rate 49. 50. Taxable sales. For taxing units that adopted the sales tax in November 2019 or May 2020, enter the Comptroller's estimate of taxable sales for the previous four quarters [32]. Estimates of taxable sales may be obtained through the Comptroller's Allocation Historical Summary webpage. Taxing units that adopted the sales tax before November 2019, skip this line. Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amount of estimated sales tax revenue.[33] Taxing units that adopted the sales tax in November 2019 or in May 2020. Multiply the amount on Line 49 by the sales tax rate (.01, .005 or .0025, as applicable) and multiply the result by .95 [34] -or- Taxing units that adopted the sales tax before November 2019. Enter the sales tax revenue for the previous four quarters. Do not multiply by .95. 0 1,921,988 669,973 36,702 0 0 100.00 100.83 99.67 99.84 STEP 3 NNR Tax Rate and Voter-Approval Tax Rate Adjustments for Additional Sales tAx to Reduce Property Taxes Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local voters by election must approve imposing or abolishing the additional sales tax. If approved, the taxing unit must reduce its NNR and voter-approval tax rates to offset the expected sales tax revenue. This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/or voter- approval tax rate because it adopted the additional sales tax. Page 7 1001.1.7 Line Additional Sales and Use Tax Worksheet Amount/Rate 51. 52. 53. 54. 55. 56. 2020 total taxable value. Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet.. Sales tax adjustment rate. Divide Line 50 by Line 51 and multiply by $100. 2020 NNR tax rate, unadjusted for sales tax[35]. Enter the rate from Line 26 or 27, as applicable, on the No-New-Revenue Tax Rate Worksheet. 2020 NNR tax rate, adjusted for sales tax. Taxing units that adopted the sales tax in November 2019 or in May 2020. Subtract Line 52 from Line 53. Skip to Line 55 if you adopted the additional sales tax before November 2019. 2020 voter-approval tax rate, unadjusted for sales tax.[36] Enter the rate from Line 47 or Line 48 as applicable, of the Voter-Approval Tax Rate Worksheet 2020 voter-approval tax rate, adjusted for sales tax. Subtract Line 52 from Line 55. 1,467,482,768 0.13098 $.168090 $.168090 0.31817 0.18719 [37]Tex. Tax Code Section [38]Tex. Tax Code Section Line Activity Amount/Rate 57. 58. 59. 60. Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter the amount certified in the determination letter from TCEQ [37]. The taxing unit shall provide its tax assessor-collector with a copy of the letter.[38] 2020 total taxable value. Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet. Additional rate for pollution control. Divide Line 57 by Line 58 and multiply by $100. 2020 voter-approval tax rate, adjusted for pollution control. Add Line 59 to one of the following lines (as applicable): Line 47, Line 48 (counties) or Line 56 (taxing units with the additional sales tax). $0 $1,467,482,768 0.00000 0.18969 STEP 4: Additional Rollback Protection for Pollution Control A taxing unit may raise its rate for M&O funds used to pay for a facility, device or method for the control of air, water or land pollution. This includes any land, structure, building, installation, excavation, machinery, equipment or device that is used, constructed, acquired or installed wholly or partly to meet or exceed pollution control requirements. The taxing unit's expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality (TCEQ). The taxing unit must provide the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control. This section should only be completed by a taxing unit that uses M&O Funds to pay for a facility, device or method for the control of air, water or land pollution. This section should only by completed by a taxing unit that uses M&O funds to pay for a facility, device or method for the control of air, water or land pollution. [37]Tex. Tax Code Section [38]Tex. Tax Code Section Page 8 1001.1.7 STEP 8: Taxing Unit Representative Name and Signature print here Printed Name of Taxing Unit Representative sign here Taxing Unit Representative Date Line Activity Amount/Rate 61. 62. 63. 64. 65. 2019 unused increment rate. Subtract the 2019 actual tax rate and the 2019 unused increment rate from the 2019 voter-approval tax rate. If the number is less than zero, enter zero. If the year is prior to 2020, enter zero. 2018 unused increment rate. Subtract the 2018 actual tax rate and the 2018 unused increment rate from the 2028 voter-approval tax rate. If the number is less than zero, enter zero. If the year is prior to 2020, enter zero. 2017 unused increment rate. Subtract the 2017 actual tax rate and the 2017 unused increment rate from the 2017 voter-approval tax rate. If the number is less than zero, enter zero. If the year is prior to 2020, enter zero. 2020 unused increment rate. Add Lines 61, 62 and 63. 2020 voter-approval tax rate, adjusted for unused increment rate. Add Line 64 to one of the following lines (as applicable): Line 47, Line 48 (counties), Line 56 (taxing units with the additional sales tax) or Line 60 (taxing units with pollution control). 0.00000 0.00000 0.00000 0.00000 STEP 5: Voter-Approval Tax Rate Adjustment for Unused Increment Rate The unused increment rate is the rate equal to the difference between the adopted tax rate and voter-approval tax rate before the unused increment rate for the prior three years [39]. In a year where a special taxing unit adopts a rate above the voter-approval tax rate by applying any portion of the unused increment rate, the unused increment rate for that year would be zero. For each tax year before 2020, the difference between the adopted tax rate and voter-approval rate is considered zero, therefore the unused increment rate for 2020 is zero.[40] This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. [41] STEP 7: Total Tax Rate Indicate the applicable total tax rates as calculated above. No-new-revenue tax rate Voter-Approval Tax Rate De minimis rate 0.16809 0.18969 0.34294 Line Activity Amount/Rate 66. 67. 68. 69. 70. Adjusted 2020 NNR M&O tax rate. Enter the rate from Line 38 of the Voter-Approval Tax Rate Worksheet 2020 total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet Rate necessary to impose $500,000 in taxes. Divide $500,000 by Line 67 and multiply by $100. 2020 debt rate Enter the rate from Line 46 of the Voter- Approval Tax Rate Worksheet De minimis rate Add Lines 66, 68 and 69. 0.26572 1,467,482,768 0.03407 0.04315 0.34294 STEP 6: De Minimis Rate The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing unit.[42] This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. [43] August 18, 2020 Debbie Piper, Finance Director Resolution 20-24 Page 1 of 2 TOWN OF WESTLAKE RESOLUTION NO. 20-24 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, ADOPTING A MAXIMUM PROPOSED AD VALOREM TAX RATE; TAKE A RECORD VOTE; PROVIDING AN EFFECTIVE DATE; AND SETTING THE DATE FOR THE PUBLIC HEARING AND ADOPTION OF THE OPERATING BUDGET AND TAX RATE FOR FISCAL YEAR 2020-2021. WHEREAS, the Council has approved the Certified Tax Roll and Certified Estimated Roll provided by the Tarrant and Denton County Appraisal Districts; and WHEREAS, the Town’s appointed employee has calculated the 2020 No-New-Revenue Tax Rate and the 2020 Voter-Approval Tax Rate in accordance with Senate Bill 2 provisions using certified values; and WHEREAS, the Town’s 2020 maximum proposed ad valorem tax rate for FY 2020-2021 is $0.18969 per $100 valuation; and WHEREAS, the public hearing dates is set for September 14, 2020 at 5:00 p.m., and WHEREAS, the Town may not adopt a rate that exceeds the maximum proposed rate without a new resolution; and WHEREAS, all legal prerequisites for the adoption of this resolution have been met, including but not limited to the Local Government Code, the Open Meetings Act, and the Texas Tax Code; and WHEREAS, the Town Council finds that the passage of this Resolution is in the best interest of the citizens of Westlake. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That, all matters stated in the recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That the 2020 maximum proposed tax rate of $0.18969 per $100 valuation is hereby approved. SECTION 3: That, if any portion of this resolution shall, for any reason, be declared valid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. Resolution 20-24 Page 2 of 2 SECTION 4: That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED ON THIS 24th DAY OF AUGUST 2020. ATTEST: _____________________________ Laura L. Wheat, Mayor ____________________________ ______________________________ Todd Wood, Town Secretary Amanda DeGan, Town Manager APPROVED AS TO FORM: ____________________________ L. Stanton Lowry, Town Attorney Page 1 of 2 Westlake Town Council TYPE OF ACTION Regular Meeting - Action Item Westlake Town Council Meeting Monday, August 24, 2020 TOPIC: Discussion and consideration of an Ordinance to Update the Solana Public Improvement District Service and Assessment Plan and Assessment Roll 2020. STAFF CONTACT: Jarrod Greenwood, Assistant Town Manager Debbie Piper, Finance Director Ginger Awtry, Director of Administrative Services Strategic Alignment Vision, Value, Mission Perspective Strategic Theme & Results Outcome Objective Fiscal Responsibility Fiscal Stewardship Exemplary Service & Governance - We set the standard by delivering unparalleled municipal and educational services at the lowest cost. Increase Transparency, Accessibility & Communications Strategic Initiative Outside the Scope of Identified Strategic Initiatives Time Line - Start Date: August 24, 2020 Completion Date: August 24, 2020 Funding Amount: N/A Status - N/A Source - N/A Contract: No Forms: N/A EXECUTIVE SUMMARY (INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) The Solana Public Improvement District (PID) for the Entrada development was created by Resolution 14-07 by Town Council on February 24, 2014. In order to levy the assessment on property within the PID required to service the PID bonds, Town Council adopted Ordinance No. 741 approving the Solana Pubic Improvement District Service and Assessment Plan and Assessment Roll. Page 2 of 2 Sections 372.013 and 372.014 of the Public Improvement District Assessment Act, Chapter 372, Texas Local Government Code (the “PID Act”) require that Service and Assessment Plans (SAP) and Assessment Rolls to be reviewed and updated annually which requires Council approval. Council approved Ordinance 752 that provided the first annual update to the SAP at the September 21, 2015 Regular Council meeting. The second update to this SAP was approved by the Council via Ordinance 796 on September 19, 2016. The Council approved an SAP Update in January 2018, which, after due process and public hearing, levied the Part B Assessment related to the Parking Garage. Town Council approved Ordinance 861 that updated the SAP on August 27, 2018. The last update to the SAP occurred on August 26, 2019 with adoption of Ordinance 890. Upon approval from Council, the Assessment Roll will be provided to the Tarrant County Appraisal District to be included in the 2020/2021 tax bills which will be mailed out in October 2020. At this time, all the site plan and building permits filed through June 30th comply with the SAP Development Plan, and no mandatory prepayment is required. RECOMMENDATION Recommend approving the proposed Ordinance accepting the Service Assessment Plan as will be presented. ATTACHMENTS Service and Assessment Plan Ordinance ORD 912 EXHIBIT A TOWN OF WESTLAKE, TEXAS SOLANA PUBLIC IMPROVEMENT DISTRICT 2020 ANNUAL SERVICE PLAN UPDATE AUGUST 24, 2020 SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 1 ORD 912 EXHIBIT A INTRODUCTION Capitalized terms used in this Annual Service Plan Update shall have the meanings set forth in the original Service and Assessment Plan or the Development Agreement, Financing Agreement, and Reimbursement Agreements, as applicable. On February 24, 2014, the Town Council adopted Resolution No. 14-07 authorizing the creation of the PID to finance the costs of certain public improvements for the benefit of property in the PID. On January 15, 2015, the Town Council adopted (1) Ordinance No. 741, which approved the levy of Assessments on Assessed Property and approved the Service and Assessment Plan; (2) Ordinance No. 742 approving the Financing Agreement and Reimbursement Agreement – Part A; and (3) Ordinance No. 743 issuing the Town of Westlake, Texas Special Assessment Revenue Bonds, Series 2015 (Solana Public Improvement District Project, Series 2015 Bonds) in the aggregate principal amount of $26,175,000 to finance, refinance, provide or otherwise assist in the acquisition, construction and maintenance of the public improvements provided for the benefit of the property in the PID. The Service and Assessment Plan identified the Authorized Improvements to be provided by the PID, the Authorized Improvement costs, the indebtedness to be incurred for the Authorized Improvements, and the manner of assessing the property in the PID for the costs of the Authorized Improvements. The Town Council also adopted an Assessment Roll identifying the Assessments on each Lot within the PID, based on the method of assessment identified in the Service and Assessment Plan. On September 19, 2016, the Town Council adopted Ordinance No. 796, which approved the 2016 Annual Service Plan Update and updated the Assessment Roll for 2016. On November 21, 2017, the Town Council adopted Ordinance No. 838, which approved the 2017 Annual Service Plan Update and updated the Assessment Roll for 2017. On January 29, 2018, the Town Council adopted Ordinance No. 843, which approved the levy of Assessments on Improvement Area #1 Assessed Property and approved the Annual Service Plan Update and Assessment Roll for Assessment Part B for the Reimbursement Agreement – Part B in the aggregate principal amount of $2,425,000 secured by Assessments. On August 22, 2018, the Town Council adopted Ordinance No. 861, which approved the 2018 Annual Service Plan Update and updated the Assessment Roll for 2018. The 2018 Annual Service Plan Updated served to update both the Service and Assessment Plan and the Annual Service Plan for Assessment Part B. SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 2 ORD 912 EXHIBIT A On August 26, 2019, the Town Council adopted Ordinance No. 890, which approved the 2019 Annual Service Plan Update and updated the Assessment Roll for 2019. Pursuant to the PID Act, the Service and Assessment Plan must be reviewed and updated annually. This document is the Annual Service Plan Update for 2020. This 2020 Annual Service Plan Update also updates the Assessment Roll for 2020. LISTED EVENTS0F 1 There following listed events have occurred in the PID: $325,000 partial sinking fund redemption on September 1, 2017 $350,000 partial sinking fund redemption on September 1, 2018 On June 18, 2019, Megatel Homes, LLC, Megatel Homes II, LLC and Megatel Homes III, LLC (collectively, the “Megatel Homes Parties”) filed a lawsuit in Dallas County Texas District Court against various funds and entities associated with and controlled by UDF, various affiliates of CADG owned and controlled by Mehrdad Moayedi (the “Centurion Megatel Defendants”), and various affiliates of Buffington Land Group, Ltd. (the “Buffington Megatel Defendants”). The Megatel Homes Lawsuit alleges that UDF, CADG (and the various Centurion Megatel Defendants) and the Buffington Megatel Defendants were in a de facto partnership under which UDF financed the purchase and development of land to be developed into finished lots by the Centurion Megatel Defendants and the Buffington Megatel Defendants, which finished lots would in turn be purchased from the Centurion Megatel Defendants and the Buffington Megatel Defendants by the Megatel Homes Parties with financing also provided by UDF. The Megatel Homes Lawsuit sets forth five causes of action against various Centurion Megatel Defendants including breach of fiduciary duties, conspiracy to breach fiduciary duties, breach of the duty of good faith and fair dealing, and two counts of breach of contract. Such causes of action are in part based on allegations by the Megatel Parties that (i) various Centurion Megatel Defendants and UDF conspired to cut the Megatel Parties out of partnership projects so that such Centurion Megatel Defendants could liquidate them as unfinished lots to different homebuilders and thereby pay their debts to UDF and (ii) various Centurion Megatel Defendants and UDF pressured the Megatel Parties to release their rights to finished lots that the Megatel Parties were entitled to take down upon issuance of a notice of substantial completion, thereby causing substantial lost profits to the Megatel Parties. The Megatel Homes lawsuit seeks $100 million dollars in damages. $375,000 partial sinking fund redemption on September 1, 2019 1 Per the Developer, Megatel filed a Notice of Nonsuit of the State Court Lawsuit without obtaining relief of any kind from the Centurion Megatel Defendants. The Centurion Megatel Defendants had moved for sanctions and intends to pursue a claim for the filing of a frivolous lawsuit. SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 3 ORD 912 EXHIBIT A $400,000 partial sinking fund redemption on September 1, 2020 PARCEL SUBDIVISION The Replat of Westlake Entrada Primrose Lots 2R, &3R, Block M was filed and recorded with the County on September 2, 2016, which consists of 2 commercial Lots. The Replat of Westlake Entrada Block B, Lot R, Block I, Lots 1 & 2X, Block J, Lots 11-16, 17X, 18X, 19X, & 20X, and Block S, Lot 1X was filed and recorded with the County on April 11, 2017, which consists of 6 residential Lots and 4 Lots of Non-Benefited Property. The Replat of Westlake Entrada Block L, Lot 6 & Block S, Lot 2X was filed and recorded with the County on September 19, 2017, which consists of 1 commercial Lot and 1 Lot of Non-Benefited Property. The Replat of Westlake Entrada Lots 1R, 2, 3, & 4, Block A, and Lots 1R, 2RX & 3RX, Block O was filed and recorded with the County on April 5, 2018, which consisted of 4 commercial Lots and 3 Lots of Non-Benefited Property. The Replat of Lot 1, Block B Westlake Entrada consisting of Lots 1R, 2-5, Block B, Lots 1-2, 3A, 3B, 4-6, Block C, Lot 1, 2X, Block D, Lots 1, 15-17, 18X, Block E, Lots 1-5, 6X, Block F, Lots 1-5, 6X, Block G, Lots 1-5, 6X, Block H, Lot 1, Block J, Lots 1- 5, Block K, Lots 1-5, Block L, Lots 1-3, 4X, 5X, Block P, Lot 1, Block Q, Lot 1, Block R was filed and recorded with the County on June 27, 2018. The Replat of Westlake Entrada Lots 1XRR, 2XRR, 3R-14R, & 15XR, Block I was filed and recorded with the County on August 28, 2018, which consists of 12 residential Lots and 2 Lots of Non-Benefited Property. The Replat of Westlake Entrada Lots 1R, 2-14, 19X, 20X, Block E was filed and recorded with the County on June 27, 2019, which consists of 14 residential Lots and 2 Lots of Non- Benefited Property. See Exhibit B for the Replat of Westlake Entrada Lots 1R, 2-14, 19X, 20X, Block E LOT SALES & HOME SALES UPDATE Residential Per the Quarterly Report dated March 31, 2020, 30 residential units have started construction, 15 residential units have completed construction, and 2 residential units have been sold to end- users. Completion of all residential units in the PID is expected to occur in July 2025. Commercial Per the Town staff, of the expected 1,158,299 square feet of commercial space described in the Service and Assessment Plan, 29,175 square feet of commercial development has been SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 4 ORD 912 EXHIBIT A constructed, including a CVS, Primrose Daycare Center, and the Entrada Sales Office. Permits for construction have been issued on a total of 11 units, for a total permitted commercial square footage of 102,463. OUTSTANDING ASSESSMENT Improvement Area #1 Improvement Area #1 has an outstanding Assessment of $20,478,723.56, as shown below. Improvement Area #2 Improvement Area #2 has an outstanding Assessment of $5,341,857.27, as shown below. Improvement Area #3 Improvement Area #3 has an outstanding Assessment of $4,621,419.17, as shown below. Assessment Part B Total Series 2015 Bond Reimbursement Agreement - Part A Reimbursement Agreement - Part B Total Outstanding Assessment Series 2015 Bond 15,957,444.39$ -$ -$ 15,957,444.39$ Reimbursement Agreement - Part A - 2,176,279.17 - 2,176,279.17 Reimbursement Agreement - Part B - -2,345,000.00 2,345,000.00 15,957,444.39$ 2,176,279.17$ 2,345,000.00$ 20,478,723.56$ Improvement Area #1 Assessment Part A Assessment Part B Total Series 2015 Bond Reimbursement Agreement - Part A Reimbursement Agreement - Part B Total Outstanding Assessment Series 2015 Bond 4,700,765.95$ -$ -$ 4,700,765.95$ Reimbursement Agreement - Part A - 641,091.32 - 641,091.32 Reimbursement Agreement - Part B - -- - 4,700,765.95$ 641,091.32$ -$ 5,341,857.27$ Improvement Area #2 Assessment Part A Assessment Part B Total Series 2015 Bond Reimbursement Agreement - Part A Reimbursement Agreement - Part B Total Outstanding Assessment Series 2015 Bond 4,066,789.66$ -$ -$ 4,066,789.66$ Reimbursement Agreement - Part A - 554,629.51 - 554,629.51 Reimbursement Agreement - Part B - -- - 4,066,789.66$ 554,629.51$ -$ 4,621,419.17$ Assessment Part A Improvement Area #3 SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 5 ORD 912 EXHIBIT A ANNUAL INSTALLMENT DUE 1/31/2021 Improvement Area #1 Principal and Interest - The total principal and interest required for the Annual Installment for Improvement Area #1 is $1,603,199.40. Prepayment Reserve - The Prepayment Reserve Requirement, as defined in the Indenture, is equal to 1.5% of the principal amount of the then Outstanding Bonds and has not yet been met. As such, the Prepayment Reserve will be funded with 40% of the additional 0.5% interest on the Series 2015 Bonds outstanding Assessment, resulting in a Prepayment Reserve amount due for Improvement Area #1 of $31,914.89. Delinquency Reserve - The Delinquency Reserve Requirement, as defined in the Indenture, is equal to 4% of the principal amount of the then Outstanding Bonds and has not yet been met. As such, the Delinquency Reserve will be funded with 60% of the additional 0.5% interest on the Series 2015 Bonds outstanding Assessment, resulting in a Delinquency Reserve amount due for Improvement Area #1 of $47,872.33 Administrative Expenses - The cost of administering the PID and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Administration Expenses budgeted for the Annual Installment for Improvement Area #1 is $52,891.37. Improvement Area #2 Principal and Interest - The total principal and interest required for the Annual Installment for Improvement Area #2 is $416,071.42. Prepayment Reserve - The Prepayment Reserve Requirement, as defined in the Indenture, is equal to 1.5% of the principal amount of the then Outstanding Bonds and has not yet been met. As such, the Prepayment Reserve will be funded with 40% of the additional 0.5% interest on the Series 2015 Bonds outstanding Assessment, resulting in a Prepayment Reserve amount due for Improvement Area #2 of $9,401.53. Assessment Part B Total Series 2015 Bond Reimbursement Agreement - Part A Reimbursement Agreement - Part B Total Annual Installment Due 1/31/2021 Principal 274,293.79$ 11,617.15$ 40,000.00$ 325,910.93$ Interest 986,570.21 139,934.75 150,783.50 1,277,288.46 Prepayment Reserve 31,914.89 - - 31,914.89 Delinquency Reserve 47,872.33 - - 47,872.33 Administrative Expenses 41,214.05 5,620.78 6,056.54 52,891.37 1,381,865.27$ 157,172.68$ 196,840.04$ 1,735,877.99$ Improvement Area #1 Assessment Part A SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 6 ORD 912 EXHIBIT A Delinquency Reserve – The Delinquency Reserve Requirement, as defined in the Indenture, is equal to 4% of the principal amount of the then Outstanding Bonds and has not yet been met. As such, the Delinquency Reserve will be funded with 60% of the additional 0.5% interest on the Series 2015 Bonds outstanding Assessment, resulting in a Delinquency Reserve amount due for Improvement Area #2 of $14,102.30. Administrative Expenses - The cost of administering the PID and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Administration Expenses budgeted for the Annual Installment for Improvement Area #2 is $13,796.67. Improvement Area #3 Principal and Interest - The total principal and interest required for the Annual Installment for Improvement Area #3 is $359,957.28. Prepayment Reserve - The Prepayment Reserve Requirement, as defined in the Indenture, is equal to 1.5% of the principal amount of the then Outstanding Bonds and has not yet been met. As such, the Prepayment Reserve will be funded with 40% of the additional 0.5% interest on the Series 2015 Bonds outstanding Assessment, resulting in a Prepayment Reserve amount due for Improvement Area #3 of $8,133.58. Delinquency Reserve - The Delinquency Reserve Requirement, as defined in the Indenture, is equal to 4% of the principal amount of the then Outstanding Bonds and has not yet been met. As such, the Delinquency Reserve will be funded with 60% of the additional 0.5% interest on the Series 2015 Bonds outstanding Assessment, resulting in a Delinquency Reserve amount due for Improvement Area #3 of $12,200.37. Administrative Expenses - The cost of administering the PID and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Administration Expenses budgeted for the Annual Installment for Improvement Area #3 is $11,935.96. Assessment Part B Total Series 2015 Bond Reimbursement Agreement - Part A Reimbursement Agreement - Part B Total Annual Installment Due 1/31/2021 Principal 80,801.84$ 3,422.20$ -$ 84,224.04$ Interest 290,625.21 41,222.17 - 331,847.38 Prepayment Reserve 9,401.53 - - 9,401.53 Delinquency Reserve 14,102.30 - - 14,102.30 Administrative Expenses 12,140.89 1,655.78 - 13,796.67 407,071.77$ 46,300.14$ -$ 453,371.92$ Improvement Area #2 Assessment Part A SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 7 ORD 912 EXHIBIT A The debt service schedules for the Series 2015 Bonds, Reimbursement Agreement – Part A, and Reimbursement Agreement – Part B as provided by Lawrence Financial, LLC are attached hereto as Exhibit E-1, Exhibit E-2, and Exhibit E-3, respectively. PREPAYMENT OF ASSESSMENTS IN FULL No prepayments in full have occurred within the PID. See Exhibit F for the template of the Notice of Termination of Assessment. PARTIAL PREPAYMENTS OF ASSESSMENTS No partial prepayments have occurred within the PID. Assessment Part B Total Series 2015 Bond Reimbursement Agreement - Part A Reimbursement Agreement - Part B Total Annual Installment Due 1/31/2021 Principal 69,904.37$ 2,960.66$ -$ 72,865.03$ Interest 251,429.58 35,662.68 - 287,092.26 Prepayment Reserve 8,133.58 - - 8,133.58 Delinquency Reserve 12,200.37 - - 12,200.37 Administrative Expenses 10,503.49 1,432.47 - 11,935.96 352,171.39$ 40,055.80$ -$ 392,227.19$ Assessment Part A Improvement Area #3 SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 8 ORD 912 EXHIBIT A BOND FUND P3Works has reviewed the following bond accounts related to the PID as of March 31, 2020, and each account contains the amount shown below: Account:3/31/2020 Balance Pledged Revenue Fund Bond Pledged Revenue Account $2,003,549.53 Developer Reimbursement Pledged Revenue Account $627,128.96 Bond Fund Capitalized Interest Account $0.00 Principal and Interest Account $124.63 Project Fund Improvement Project A Improvement Account $109,680.80 Developer Improvement Account $0.00 Reserve Fund Reserve Account $2,095,663.27 Prepayment Reserve Account $183,150.32 Delinquency Reserve Account $274,725.47 Redemption Fund $0.00 Rebate Fund $0.00 Administrative Fund $13,714.93 Reimbursement Fund $0.00 Developer Property Tax Reserve Fund $112.11 Note: Past principal and interest collected for the Reimbursement Agreement -Part B is currently included in the Pledged Revenue Fund of the 2015 Bonds. The Town is currently working with the Trustee so that in future Annual Service Plan Updates,there will be a seperated Depository Agreement with the Trustee in which principal and interest collected for the Reimbursement Agreement - Part B will be deposited. SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 9 ORD 912 EXHIBIT A SERVICE PLAN – FIVE YEAR BUDGET FORECAST The PID Act requires the annual indebtedness and projected costs for the improvements to be reviewed and updated in the Annual Service Plan Update, and the projection shall cover a period of not less than five years. AUTHORIZED IMPROVEMENTS Improvement Project A Per the Quarterly Report dated March 31, 2020, all Improvement Area #1 and Improvement Area #2 Authorized Improvements in Improvement Project A are being funded by Series 2015 Bond Annual Installment Due 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 Principal $ 325,910.93 $ 350,272.85 $ 375,280.16 $ 395,287.47 $ 416,422.40 Interest 1,277,288.46 1,258,883.32 1,231,409.15 1,205,074.79 1,182,946.40 (1) $ 1,603,199.40 $ 1,609,156.17 $ 1,606,689.31 $ 1,600,362.26 $ 1,599,368.80 Delinquency & Prepayment Reserve (2)$ 79,787.22 $ 78,415.75 $ 76,963.61 $ 75,430.79 $ 73,817.30 Administrative Expenses (3)$ 52,891.37 $ 53,949.20 $ 55,028.18 $ 56,128.75 $ 57,251.32 Total Annual Installment (4) = (1) + (2) + (3) $ 1,735,877.99 $ 1,741,521.12 $ 1,738,681.11 $ 1,731,921.80 $ 1,730,437.42 Annual Installment Due 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 Principal $ 84,224.04 $ 89,927.70 $ 95,821.48 $ 101,715.26 $ 106,468.31 Interest 331,847.38 327,183.23 322,196.54 316,875.09 311,218.86 (1) $ 416,071.42 $ 417,110.93 $ 418,018.02 $ 418,590.35 $ 417,687.17 Delinquency & Prepayment Reserve (2)$ 23,503.83 $ 23,099.82 $ 22,672.05 $ 22,220.51 $ 21,745.20 Administrative Expenses (3)$ 13,796.67 $ 14,072.60 $ 14,354.05 $ 14,641.14 $ 14,933.96 Total Annual Installment (4) = (1) + (2) + (3) $ 453,371.92 $ 454,283.35 $ 455,044.12 $ 455,451.99 $ 454,366.33 Annual Installment Due 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 Principal $ 72,865.03 $ 77,799.45 $ 82,898.36 $ 87,997.27 $ 92,109.29 Interest 287,092.26 283,057.15 278,742.99 274,139.22 269,245.83 (1) $ 359,957.28 $ 360,856.60 $ 361,641.35 $ 362,136.49 $ 361,355.13 Delinquency & Prepayment Reserve (2)$ 20,333.95 $ 19,984.43 $ 19,614.34 $ 19,223.70 $ 18,812.50 Administrative Expenses (3)$ 11,935.96 $ 12,174.68 $ 12,418.17 $ 12,666.54 $ 12,919.87 Total Annual Installment (4) = (1) + (2) + (3) $ 392,227.19 $ 393,015.70 $ 393,673.87 $ 394,026.73 $ 393,087.49 Annual Installment Due 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 Principal $ 483,000.00 $ 518,000.00 $ 554,000.00 $ 585,000.00 $ 615,000.00 Interest 1,896,228.10 1,869,123.70 1,832,348.69 1,796,089.10 1,763,411.10 (1) $ 2,379,228.10 $ 2,387,123.70 $ 2,386,348.69 $ 2,381,089.10 $ 2,378,411.10 Delinquency & Prepayment Reserve (2) $ 123,625.00 $ 121,500.00 $ 119,250.00 $ 116,875.00 $ 114,375.00 Administrative Expenses (3)$ 78,624.00 $ 80,196.48 $ 81,800.41 $ 83,436.42 $ 85,105.15 Total Annual Installment (4) = (1) + (2) + (3) $ 2,581,477.10 $ 2,588,820.18 $ 2,587,399.10 $ 2,581,400.52 $ 2,577,891.25 Solana PID Total Improvement Area #3 Improvement Area #2 Improvement Area #1 SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 10 ORD 912 EXHIBIT A funds. The balance in the Improvement Fund with US Bank is $108,199.15 as of March 31, 2020. According to the Developer, available remaining funds are currently projected to be sufficient to complete the Authorized Improvement for Improvement Project A in Improvement Area #1 and Improvement Area #2. Improvement Area #1 and Improvement Area #2 Authorized Improvements are significantly complete, with remaining items being the completion of TRA Sanitary Sewer Metering Station and installation of iron benches. Improvement Area #3 Authorized Improvements are partially constructed, with an estimated cost of $3,400,000 anticipated to be funded by the Developer and subject to the Reimbursement Agreement – Part A.Improvement Area #3 Authorized Improvements are anticipated to be completed by Q4 of 2020. See the table below for details about the Improvement Project A budget. Improvement Project B Per the Quarterly Report dated March 31, 2020, Improvement Project B (the public parking garage) improvements are under construction, and the estimated costs of $6,160,000 are anticipated to be funded by the Developer, of which $2,450,000 are subject to Reimbursement Agreement – Part B. See the table below for details about the Improvement Project B budget. Original Budget (1) Revisions Budget as of 3/31/20 (2) Original Budget (1) Revisions Budget as of 3/31/20 (2) Authorized Improvements Road 3,767,430$ 1,083,177$ 4,850,607$ 622,470$ -$ 622,470$ Water Distribution System 890,040 (668,035) 222,005 171,680 - 171,680 Sanitary Sewer 1,531,196 (1,298,927) 232,269 350,100 - 350,100 Storm drainage 1,154,306 (1,154,306) - 579,566 - 579,566 Landscaping 1,830,501 (661,929) 1,168,572 - - - Duct Bank 640,304 (142,838) 497,466 93,650 - 93,650 Other Costs (3)8,120,860 (1,131,154) 6,989,706 573,896 - 573,896 Parking Facility - - - - - - Consolidated Wet Utilities Contract - 3,974,012 3,974,012 - - - 17,934,637$ (1)$ 17,934,637$ 2,391,362$ -$ 2,391,362$ Bond Issue Costs Capitalized Interest 3,216,750$ -$ 3,216,750$ 218,620$ -$ 218,620$ Debt Service Reserve 2,074,313 - 2,074,313 340,000 - 340,000 Other Bond Issuance Related Costs 2,949,301 - 2,949,301 450,018 - 450,018 8,240,364$ -$ 8,240,364$ 1,008,638$ -$ 1,008,638$ Total Uses 26,175,001$ (1)$ 26,175,001$ 3,400,000$ -$ 3,400,000$ Notes: 1) Budget as shown in the Service and Assessment Plan. 2)The budget for the Authorized Improvements is adjusted in this Annual Service Plan Update as the Authorized Improvements are constructed and the Actual Costs of the Authorized Improvements are determined, per draw 38 provided by the Developer. 3) See Appendix B of the Service and Assessment Plan for details. Series 2015 Bonds Reimbursement Agreement - Part A Original vs. Revised Budget - Improvement Project A SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 11 ORD 912 EXHIBIT A EQUIVALENT UNITS The Service and Assessment Plan uses Equivalent Units to apportion Assessment based on Land Use Class. The chart attached hereto as Exhibit C summarizes the original planned number of units broken down by Land Use Class and Improvement Area, assigns the Equivalent Unit factor to each Land Use Class as was originally calculated in the Service and Assessment Plan, and determines the total number of Equivalent Units for each Land Use Class in Improvement Area #1, Improvement Area #2, and Improvement Area #3. Equivalent Unit Factors are then multiplied by total Equivalent Units in each Land Use Class to determine Assessment per Unit for each Land Use Class for both Assessment Part A and Assessment Part B. The 2018 Annual Service Plan Update approved by Ordinance No. 861 on August 27, 2018 allocated Equivalent Units and their Assessment to their 2018 tax parcel IDs assigned by the County. For the purpose of calculating or reallocating of Assessments and any corresponding prepayments of Assessments, all subsequent annual service plan updates, including this Annual Service Plan Update, is to use the information set forth in Exhibit D. The calculation of the estimated number of units to be built on a Parcel shall be performed by the Administrator and confirmed by the Town Council based on the information available regarding the use of the Parcel. The outstanding Assessment Part A and outstanding Assessment Original Budget (1)Revisions Budget as of 3/31/20 (2) Authorized Improvements Road -$ -$ -$ Water Distribution System - - - Sanitary Sewer - - - Storm Drainage - - - Landscaping - - - Duct Bank - - - Other Costs (3)- - - Parking Facility 6,160,000 - 6,160,000 6,160,000$ -$ 6,160,000$ Bond issue costs Capitalized Interest 170,000$ -$ 170,000$ Debt Service Reserve 242,500 - 242,500 Other Bond Issuance Related Costs 242,500 - 242,500 655,000$ -$ 655,000$ Total Uses 6,815,000$ -$ 6,815,000$ Notes: Original vs. Revised Budget - Improvement Project B (Parking Garage) 1) Budget as shown in the Service and Assessment Plan. 2)The budget for the Authorized Improvements is adjusted in this Annual Service Plan Update as the Authorized Improvements are constructed and the Actual Costs of the Authorized Improvements are determined. 3) See Appendix B of Service and Assessment Plan for details. SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 12 ORD 912 EXHIBIT A Part B in each Improvement Area is reallocated to the newly platted Parcels based on the corresponding approved development plans and projected development plan for each Parcel provided by the Developer. The detailed projected land use by Parcel are provided by the Developer and the corresponding Equivalent Unit calculations are shown in Exhibit D. EMINENT DOMAIN PREPAYMENT If any portion of any Parcel of Assessed Property is taken from an owner as a result of eminent domain proceedings or if a transfer of any portion of any Parcel of Assessed Property is made to an entity with the authority to condemn all or a portion of the Assessed Property in lieu of or as a part of an eminent domain proceeding (a “Taking”), the portion of the Assessed Property that was taken or transferred (the “Taken Property”) shall be reclassified as Non-Benefitted Property. For the Assessed Property that is subject to the Taking as described in the preceding paragraph, the Assessment that was levied against the Assessed Property (when it was included in the Taken Property) prior to the Taking shall remain in force against the remaining Assessed Property (the Assessed Property less the Taken Property), (the “Remaining Property”) following the reclassification of the Taken Property as Non-Benefitted Property, subject to an adjustment of the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. The owner will remain liable to pay in Annual Installments, or payable as otherwise provided by this Service and Assessment Plan, as updated, or the PID Act, the Assessment that remains due on the Remaining Property, subject to an adjustment in the Annual Installments applicable to the Remaining Property after any required Prepayment as set forth below. Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property exceeds the Maximum Assessment, the owner will be required to make a Prepayment in an amount necessary to ensure that the Assessment against the Remaining Property does not exceed the Maximum Assessment, in which case the Assessment and Annual Installments applicable to the Remaining Property will be reduced by the amount of the partial Prepayment. In all instances the Assessment remaining on the Remaining Property shall not exceed the Maximum Assessment. By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100 Assessment and 10 acres is taken through a Taking, the 10 acres of Taken Property shall be reclassified as Non-Benefitted Property and the remaining 90 acres of Remaining Property shall be subject to the $100 Assessment, (provided that this $100 Assessment does not exceed the Maximum Assessment on the Remaining Property). If the Administrator determines that the $100 Assessment reallocated to the Remaining Property would exceed the Maximum Assessment on the Remaining Property by $10, then the owner shall be required to pay $10 as a Prepayment of the Assessment against the Remaining Property and the Assessment on the SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 13 ORD 912 EXHIBIT A Remaining Property shall be adjusted to be $90 and the Annual Installments adjusted accordingly. Notwithstanding the previous paragraphs in this subsection, if the owner notifies the Town and the Administrator that the Taking prevents the Remaining Property from being developed for any use which could support the estimated buildout value requirement, the owner shall, upon receipt of the compensation for the Taken Property, be required to prepay the amount of the Assessment required to buy down the outstanding Assessment to the Maximum Assessment on the Remaining Property to support the estimated buildout value requirement. The owner will remain liable to pay the Annual Installments on both the Taken Property and the Remaining Property until such time that such Assessment has been prepaid in full. Notwithstanding the previous paragraphs in this subsection, the Assessments shall not, however, be reduced to an amount less than the outstanding PID Bonds ASSESSMENT ROLL The list of current Lots within the PID, the corresponding total Assessments, and current Annual Installment are shown on the Assessment Roll attached hereto as Exhibit A. The Parcels shown on the Assessment Roll will receive the bills for the 2020 Annual Installments which will be delinquent if not paid by January 31, 2021. SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 14 ORD 912 EXHIBIT A EXHIBIT A – ASSESSMENT ROLL Property ID Legal Description Notes Outstanding Assessment Installment Due 1/31/21 42229969 WESTLAKE ENTRADA Block M Lot 1 686,079.06$ 58,228.62$ 42229977 WESTLAKE ENTRADA Block M Lot 2R PLAT D216204548 167,295.81$ 14,180.82$ 42229985 WESTLAKE ENTRADA Block M Lot 3R PLAT D216204548 49,773.96$ 4,219.09$ 42229993 WESTLAKE ENTRADA Block N Lot 1 439,921.36$ 37,289.91$ 42230002 WESTLAKE ENTRADA Block N Lot 2 47,838.31$ 4,055.01$ 42230011 WESTLAKE ENTRADA Block N Lot 3 204,211.50$ 17,309.98$ 42230029 WESTLAKE ENTRADA Block N Lot 4 38,964.46$ 3,302.82$ 42230037 WESTLAKE ENTRADA Block N Lot 5 28,909.12$ 2,450.48$ 42230045 WESTLAKE ENTRADA Block N Lot 6X OPEN SPACE [a]-$ -$ 42331160 WESTLAKE ENTRADA Block J Lot 11 37,668.20$ 3,196.96$ 42331178 WESTLAKE ENTRADA Block J Lot 12 37,668.20$ 3,196.96$ 42331186 WESTLAKE ENTRADA Block J Lot 13 37,668.20$ 3,196.96$ 42331194 WESTLAKE ENTRADA Block J Lot 14 37,668.20$ 3,196.96$ 42331208 WESTLAKE ENTRADA Block J Lot 15 37,668.20$ 3,196.96$ 42331216 WESTLAKE ENTRADA Block J Lot 16 37,668.20$ 3,196.96$ 42331224 WESTLAKE ENTRADA Block J Lot 17X OPEN SPACE [a]-$ -$ 42331232 WESTLAKE ENTRADA Block J Lot 18X OPEN SPACE [a]-$ -$ 42331241 WESTLAKE ENTRADA Block J Lot 19X OPEN SPACE [a]-$ -$ 42331259 WESTLAKE ENTRADA Block J Lot 20X PRIVATE STREET [a]-$ -$ 42331283 WESTLAKE ENTRADA Block S Lot 1X OPEN SPACE [a]-$ -$ 42346426 WESTLAKE ENTRADA - CORTES Block L Lot 6 276,522.00$ 23,439.37$ 42346434 WESTLAKE ENTRADA - CORTES Block S Lot 2X OPEN SPACE [a]-$ -$ 42400366 WESTLAKE ENTRADA Block B Lot 1R SCHOOL BOUNDARY SPLIT [b]-$ -$ 42400374 WESTLAKE ENTRADA Block B Lot 2 SCHOOL BOUNDARY SPLIT [b]-$ -$ 42400382 WESTLAKE ENTRADA Block B Lot 4 SCHOOL BOUNDARY SPLIT [b]-$ -$ 42400391 WESTLAKE ENTRADA Block B Lot 5 SCHOOL BOUNDARY SPLIT [b]-$ -$ 42400404 WESTLAKE ENTRADA Block C Lot 1 SCHOOL BOUNDARY SPLIT [b]-$ -$ 42400412 WESTLAKE ENTRADA Block C Lot 2 SCHOOL BOUNDARY SPLIT [b]-$ -$ 42400421 WESTLAKE ENTRADA Block P Lot 1 SCHOOL BOUNDARY SPLIT [b]-$ -$ 42400439 WESTLAKE ENTRADA Block P Lot 2 1,005,534.54$ 85,234.09$ SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 15 ORD 912 EXHIBIT A Property ID Legal Description Notes Outstanding Assessment Installment Due 1/31/21 42400447 WESTLAKE ENTRADA Block P Lot 3 452,490.54$ 38,355.34$ 42400455 WESTLAKE ENTRADA Block P Lot 4X OPEN SPACE SCHOOL BPOUNDARY SPLIT [a]-$ -$ 42402318 WESTLAKE ENTRADA Block B Lot 1R SCHOOL BOUNDARY SPLIT 1,002,009.72$ 84,935.30$ 42402326 WESTLAKE ENTRADA Block B Lot 2 SCHOOL BOUNDARY SPLIT -$ -$ 42402334 WESTLAKE ENTRADA Block B Lot 3 759,597.55$ 64,387.25$ 42402342 WESTLAKE ENTRADA Block B Lot 4 929,989.57$ 78,830.52$ 42402351 WESTLAKE ENTRADA Block B Lot 5 SCHOOL BOUNDARY SPLIT [a]-$ -$ 42402369 WESTLAKE ENTRADA Block C Lot 1 SCHOOL BOUNDARY SPLIT 811,654.91$ 68,799.89$ 42402377 WESTLAKE ENTRADA Block C Lot 2 279,287.22$ 23,673.77$ 42402385 WESTLAKE ENTRADA Block C Lot 3A 69,130.50$ 5,859.84$ 42402393 WESTLAKE ENTRADA Block C Lot 3B 110,608.80$ 9,375.75$ 42402407 WESTLAKE ENTRADA Block C Lot 4 207,391.50$ 17,579.53$ 42402415 WESTLAKE ENTRADA Block C Lot 5 172,826.25$ 14,649.61$ 42402423 WESTLAKE ENTRADA Block C Lot 6X OPEN SPACE 29,034.81$ 2,461.13$ 42402431 WESTLAKE ENTRADA Block D Lot 1 285,866.28$ 24,261.93$ 42402440 WESTLAKE ENTRADA Block D Lot 2X OPEN SPACE [a]-$ -$ 42402466 WESTLAKE ENTRADA Block E Lot 15 55,014.29$ 4,669.15$ 42402474 WESTLAKE ENTRADA Block E Lot 16 55,014.29$ 4,669.15$ 42402482 WESTLAKE ENTRADA Block E Lot 17 55,014.29$ 4,669.15$ 42402491 WESTLAKE ENTRADA Block E Lot 18X OPEN SPACE 62,845.91$ 5,327.13$ 42402504 WESTLAKE ENTRADA Block F Lot 1 55,014.29$ 4,669.15$ 42402512 WESTLAKE ENTRADA Block F Lot 2 55,014.29$ 4,669.15$ 42402521 WESTLAKE ENTRADA Block F Lot 3 55,014.29$ 4,669.15$ 42402539 WESTLAKE ENTRADA Block F Lot 4 55,014.29$ 4,669.15$ 42402547 WESTLAKE ENTRADA Block F Lot 5 565,022.95$ 47,954.40$ 42402555 WESTLAKE ENTRADA Block F Lot 6X OPEN SPACE 37,707.55$ 3,196.28$ 42402563 WESTLAKE ENTRADA Block G Lot 1 828,700.32$ 70,333.11$ 42402571 WESTLAKE ENTRADA Block G Lot 2 55,014.29$ 4,669.15$ 42402580 WESTLAKE ENTRADA Block G Lot 3 55,014.29$ 4,669.15$ 42402598 WESTLAKE ENTRADA Block G Lot 4 55,014.29$ 4,669.15$ SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 16 ORD 912 EXHIBIT A Property ID Legal Description Notes Outstanding Assessment Installment Due 1/31/21 42402601 WESTLAKE ENTRADA Block G Lot 5 55,014.29$ 4,669.15$ 42402610 WESTLAKE ENTRADA Block G Lot 6X OPEN SPACE 37,707.55$ 3,196.28$ 42402628 WESTLAKE ENTRADA Block H Lot 1 226,009.18$ 19,181.76$ 42402636 WESTLAKE ENTRADA Block H Lot 2 55,014.29$ 4,669.15$ 42402644 WESTLAKE ENTRADA Block H Lot 3 55,014.29$ 4,669.15$ 42402652 WESTLAKE ENTRADA Block H Lot 4 55,014.29$ 4,669.15$ 42402661 WESTLAKE ENTRADA Block H Lot 5 428,799.42$ 36,392.89$ 42402679 WESTLAKE ENTRADA Block H Lot 6X OPEN SPACE 37,707.55$ 3,196.28$ 42402687 WESTLAKE ENTRADA Block J Lot 1 226,009.18$ 19,181.76$ 42402695 WESTLAKE ENTRADA Block K Lot 1 1,280,171.16$ 108,513.65$ 42402709 WESTLAKE ENTRADA Block K Lot 2 1,280,171.16$ 108,513.65$ 42402717 WESTLAKE ENTRADA Block K Lot 3 1,194,072.27$ 101,215.48$ 42402725 WESTLAKE ENTRADA Block K Lot 4 1,571,399.10$ 133,199.57$ 42402733 WESTLAKE ENTRADA Block K Lot 5 [a]-$ -$ 42402741 WESTLAKE ENTRADA Block L Lot 1 679,992.73$ 57,639.55$ 42402750 WESTLAKE ENTRADA Block L Lot 2 1,030,672.90$ 87,364.94$ 42402768 WESTLAKE ENTRADA Block L Lot 3 700,606.19$ 59,386.85$ 42402776 WESTLAKE ENTRADA Block L Lot 4 635,246.45$ 53,846.63$ 42402784 WESTLAKE ENTRADA Block L Lot 5 3,299,158.83$ 279,653.03$ 42402792 WESTLAKE ENTRADA Block P Lot 1 SCHOOL BOUNDARY SPLIT 465,059.72$ 39,420.76$ 42402806 WESTLAKE ENTRADA Block P Lot 4X OPEN SPACE SCHOOL BOUNDARY SPLIT [a]-$ -$ 42402814 WESTLAKE ENTRADA Block P Lot 5X OPEN SPACE [a]-$ -$ 42402822 WESTLAKE ENTRADA Block Q Lot 1 5,015,463.02$ 425,628.30$ 42402831 WESTLAKE ENTRADA Block R Lot 1 302,791.59$ 25,666.11$ 42424567 WESTLAKE ENTRADA Block I Lot 1XRR PRIVATE ACCESS [a]-$ -$ 42424575 WESTLAKE ENTRADA Block I Lot 2XRR OPEN SPACE [a]-$ -$ 42424583 WESTLAKE ENTRADA Block I Lot 3R 28,586.63$ 2,426.19$ 42424591 WESTLAKE ENTRADA Block I Lot 4R 28,586.63$ 2,426.19$ 42424605 WESTLAKE ENTRADA Block I Lot 5R 37,668.20$ 3,196.96$ 42424613 WESTLAKE ENTRADA Block I Lot 6R 28,586.63$ 2,426.19$ SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 17 ORD 912 EXHIBIT A Property ID Legal Description Notes Outstanding Assessment Installment Due 1/31/21 42424621 WESTLAKE ENTRADA Block I Lot 7R 37,668.20$ 3,196.96$ 42424630 WESTLAKE ENTRADA Block I Lot 8R 37,668.20$ 3,196.96$ 42424648 WESTLAKE ENTRADA Block I Lot 9R 28,586.63$ 2,426.19$ 42424656 WESTLAKE ENTRADA Block I Lot 10R 37,668.20$ 3,196.96$ 42424664 WESTLAKE ENTRADA Block I Lot 11R 37,668.20$ 3,196.96$ 42424672 WESTLAKE ENTRADA Block I Lot 12R 37,668.20$ 3,196.96$ 42424681 WESTLAKE ENTRADA Block I Lot 13R 37,668.20$ 3,196.96$ 42424699 WESTLAKE ENTRADA Block I Lot 14R 37,668.20$ 3,196.96$ 42424702 WESTLAKE ENTRADA Block I Lot 15XRR OPEN SPACE [a]-$ -$ 42447052 WESTLAKE ENTRADA Block A Lot 1R 30,417.42$ 2,578.33$ 42447061 WESTLAKE ENTRADA Block A Lot 2 16,591.32$ 1,406.36$ 42447079 WESTLAKE ENTRADA Block A Lot 3 301,660.36$ 25,570.23$ 42447087 WESTLAKE ENTRADA Block A Lot 4 OPEN SPACE [a]-$ -$ 42447095 WESTLAKE ENTRADA Block O Lot 1R SCHOOL BOUNDARY SPLIT [b]-$ -$ 42447109 WESTLAKE ENTRADA Block O Lot 2RX OPEN SPACE [a]-$ -$ 42447117 WESTLAKE ENTRADA Block O Lot 3RX OPEN SPACE [a]-$ -$ 42447125 WESTLAKE ENTRADA Block O Lot 1R SCHOOL BOUNDARY SPLIT 37,707.55$ 3,196.28$ 42509121 WESTLAKE ENTRADA Block E Lot 1R 55,014.29$ 4,669.15$ 42509139 WESTLAKE ENTRADA Block E Lot 2 55,014.29$ 4,669.15$ 42509147 WESTLAKE ENTRADA Block E Lot 3 37,668.20$ 3,196.96$ 42509155 WESTLAKE ENTRADA Block E Lot 4 55,014.29$ 4,669.15$ 42509163 WESTLAKE ENTRADA Block E Lot 5 55,014.29$ 4,669.15$ 42509171 WESTLAKE ENTRADA Block E Lot 6 55,014.29$ 4,669.15$ 42509180 WESTLAKE ENTRADA Block E Lot 7 37,668.20$ 3,196.96$ 42509198 WESTLAKE ENTRADA Block E Lot 8 37,668.20$ 3,196.96$ 42509201 WESTLAKE ENTRADA Block E Lot 9 55,014.29$ 4,669.15$ 42509210 WESTLAKE ENTRADA Block E Lot 10 37,668.20$ 3,196.96$ 42509228 WESTLAKE ENTRADA Block E Lot 11 37,668.20$ 3,196.96$ 42509236 WESTLAKE ENTRADA Block E Lot 12 55,014.29$ 4,669.15$ 42509244 WESTLAKE ENTRADA Block E Lot 13 55,014.29$ 4,669.15$ SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 18 ORD 912 EXHIBIT A Property ID Legal Description Notes Outstanding Assessment Installment Due 1/31/21 42509252 WESTLAKE ENTRADA Block E Lot 14 55,014.29$ 4,669.15$ 42509261 WESTLAKE ENTRADA Block E Lot 19X OPEN SPACE [a]-$ -$ 42509279 WESTLAKE ENTRADA Block E Lot 20X PRIVATE STREET [a]-$ -$ 30,442,000.00$ 2,581,477.10$ Notes: Total [a] Non-Benefited Property. [b] Classified as Non-Benefited Property. These Property IDs are used for another taxing jurisdiction that the County does not collect for. SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 19 ORD 912 EXHIBIT A EXHIBIT B - PLATS SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 20 ORD 912 EXHIBIT A SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 21 ORD 912 EXHIBIT A EXHIBIT C – LAND USE CLASS Type Planned No. of Units EU Factor Total EU Original Assessment Part A per EU Original Assessment Part A per Unit Original Total Assessment Part A Original Assessment Part B per EU Original Assessment Part B per Unit Original Total Assessment Part B Original Total Assessment - Part A & B Land Use Class 1 38.00 1.00 38.00 58,797.94$ 58,797.94$ 2,234,321.65$ 7,470.02$ 7,470.02$ 283,860.95$ 2,518,182.60$ Land Use Class 2 71.00 0.62 44.02 58,797.94$ 36,454.72$ 2,588,285.24$ 7,470.02$ 4,631.42$ 328,830.49$ 2,917,115.73$ Land Use Class 3 6.00 0.60 3.60 58,797.94$ 35,278.76$ 211,672.58$ 7,470.02$ 4,482.01$ 26,892.09$ 238,564.67$ Land Use Class 10 372.10 0.22 81.86 58,797.94$ 12,935.55$ 4,813,303.88$ 7,470.02$ 1,643.41$ 611,509.53$ 5,424,813.41$ Land Use Class 11 266.10 0.20 53.22 58,797.94$ 11,759.59$ 3,129,226.27$ 7,470.02$ 1,494.00$ 397,554.72$ 3,526,781.00$ Land Use Class 12 255.50 0.21 53.66 58,797.94$ 12,347.57$ 3,154,803.37$ 7,470.02$ 1,568.71$ 400,804.18$ 3,555,607.56$ Land Use Class 13 264.60 0.19 50.27 58,797.94$ 11,171.61$ 2,956,007.55$ 7,470.02$ 1,419.30$ 375,548.03$ 3,331,555.58$ 324.63 Subtotal: IA #1 19,087,620.54$ 2,425,000.00$ 21,512,620.54$ Type Planned No. of Units EU Factor Total EU Original Assessment Part A per EU Original Assessment Part A per Unit Original Total Assessment Part A Original Assessment Part B per EU Original Assessment Part B per Unit Original Total Assessment Part B Original Total Assessment - Part A & B Land Use Class 4 42.00 1.00 42.00 63,313.99$ 63,313.99$ 2,659,187.64$ -$ -$ -$ 2,659,187.64$ Land Use Class 5 16.00 0.68 10.96 63,313.99$ 43,350.99$ 693,615.83$ -$ -$ -$ 693,615.83$ Land Use Class 6 69.00 0.52 35.85 63,313.99$ 32,899.33$ 2,270,054.08$ -$ -$ -$ 2,270,054.08$ 88.81 Subtotal: IA #2 5,622,857.55$ -$ 5,622,857.55$ Type Planned No. of Units EU Factor Total EU Original Assessment Part A per EU Original Assessment Part A per Unit Original Total Assessment Part A Original Assessment Part B per EU Original Assessment Part B per Unit Original Total Assessment Part B Original Total Assessment - Part A & B Land Use Class 7 21.00 1.00 21.00 86,189.26$ 86,189.26$ 1,809,974.49$ -$ -$ -$ 1,809,974.49$ Land Use Class 8 23.00 0.68 15.64 86,189.26$ 58,608.70$ 1,348,000.05$ -$ -$ -$ 1,348,000.05$ Land Use Class 9 36.00 0.55 19.80 86,189.26$ 47,404.09$ 1,706,547.37$ -$ -$ -$ 1,706,547.37$ 56.44 Subtotal: IA #3 4,864,521.90$ -$ 4,864,521.90$ 469.88 29,575,000.00$ 2,425,000.00$ 32,000,000.00$ Total - All Improvement Areas: Improvement Area #1 Equivalent Units Original Assessment Part A Original Assessment Part A Original Assessment Part A Original Assessment Part B Original Assessment Part B Original Assessment Part B Improvement Area #2 Improvement Area #3 Equivalent Units Equivalent Units SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 22 ORD 912 EXHIBIT A EXHIBIT D – LAND USE AND EQUIVALENT UNITS BY PARCEL ID 2019 Property ID 2020 Property ID Proposed Use Units/ Sq. Ft. Land Use Class EU Factor Total EU 42447052 42447052 Commercial - Retail 2,200 10 0.22 0.48 42447061 42447061 Commercial - Retail 1,200 10 0.22 0.26 42447079 42447079 Commercial - Office 24,000 11 0.20 4.80 Commercial - Retail 7,000 10 0.22 1.54 Condo (2,500 sq. ft. to 3,600 sq. ft.)3 2 0.62 1.86 Condo (Under 2,500 sq. ft.)6 3 0.60 3.60 42230002 42230002 Commercial - Retail 3,460 10 0.22 0.76 42230011 42230011 Commercial - Retail 14,770 10 0.22 3.25 42230029 42230029 Commercial - Office 3,100 11 0.20 0.62 42230037 42230037 Commercial - Office 2,300 11 0.20 0.46 42229977 42229977 Commercial - Retail 12,100 10 0.22 2.66 42229985 42229985 Commercial - Retail 3,600 10 0.22 0.79 42402792 42402792 Commercial - Office 37,000 11 0.20 7.40 42400439 42400439 Commercial - Office 80,000 11 0.20 16.00 42402318 42402318 Commercial - Retail 72,472 10 0.22 15.94 42402326 42402326 Public -- - 42402334 42402334 Commercial - Office 60,433 11 0.20 12.09 42402679 42402679 Commercial - Office 3,000 11 0.20 0.60 42402610 42402610 Commercial - Office 3,000 11 0.20 0.60 42402555 42402555 Commercial - Office 3,000 11 0.20 0.60 42402491 42402491 Commercial - Office 5,000 11 0.20 1.00 42402351 42402351 Public -- - 42402342 42402342 Commercial - Retail 67,263 10 0.22 14.80 42402369 42402369 Commercial - Hospitality 61,500 12 0.21 12.92 42402377 42402377 Commercial - Retail 20,200 10 0.22 4.44 42402385 42402385 Commercial - Retail 5,000 10 0.22 1.10 42402393 42402393 Commercial - Retail 8,000 10 0.22 1.76 42402423 42402423 Commercial - Retail 2,100 10 0.22 0.46 42402407 42402407 Commercial - Retail 15,000 10 0.22 3.30 42402415 42402415 Commercial - Retail 12,500 10 0.22 2.75 42402831 42402831 Commercial - Retail 21,900 10 0.22 4.82 Commercial - Retail 5,000 10 0.22 1.10 Condo (More than 3,600 sq. ft.)6 1 1.00 6.00 Condo (2,500 sq. ft. to 3,600 sq. ft.)6 2 0.62 3.72 42402822 42402822 Commercial - Institutional 33,000 13 0.19 6.27 42346426 42346426 Commercial - Office 22,000 11 0.20 4.40 Commercial - Retail 37,800 10 0.22 8.32 Condo (More than 3,600 sq. ft.)20 1 1.00 20.00 Condo (2,500 sq. ft. to 3,600 sq. ft.)39 2 0.62 24.18 Commercial - Retail 23,400 10 0.22 5.15 Condo (More than 3,600 sq. ft.)6 1 1.00 6.00 Commercial - Retail 23,400 10 0.22 5.15 Condo (2,500 sq. ft. to 3,600 sq. ft.)8 2 0.62 4.96 42402695 42402695 Commercial - Hospitality 97,000 12 0.21 20.37 42402709 42402709 Commercial - Hospitality 97,000 12 0.21 20.37 Commercial - Retail 5,000 10 0.22 1.10 Condo (More than 3,600 sq. ft.)6 1 1.00 6.00 Condo (2,500 sq. ft. to 3,600 sq. ft.)15 2 0.62 9.30 42402717 42402717 Commercial - Institutional 100,000 13 0.19 19.00 42402725 42402725 Commercial - Institutional 131,600 13 0.19 25.00 Commercial - Office -11 0.20 - Commercial - Office 3,000 11 0.20 0.60 42400447 42400447 Commercial - Office 36,000 11 0.20 7.20 Total - IA #1:325.86 Notes: The proposed uses for each Property ID are provided by the Developer. 42447125 Improvement Area #1 42447125 42402741 42402784 42229993 42402741 42402750 42402768 42402776 42402784 42229993 42402768 42402776 42402750 SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 23 ORD 912 EXHIBIT A 2019 Parcel ID 2020 Property ID Proposed Use Units/ Sq. Ft. Land Use Class EU Factor Total EU 42229969 42229969 Villa - West Residential (Under 2,500 sq. ft.)24 6 0.52 12.47 42402687 42402687 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)6 5 0.68 4.11 42402628 42402628 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)6 5 0.68 4.11 42402636 42402636 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402644 42402644 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402652 42402652 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402661 42402661 Villa - West Residential (Under 2,500 sq. ft.)15 6 0.52 7.79 42402563 42402563 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)22 5 0.68 15.06 42402571 42402571 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402580 42402580 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402598 42402598 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402601 42402601 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402504 42402504 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402512 42402512 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402521 42402521 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402539 42402539 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402547 42402547 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)15 5 0.68 10.27 42402466 42402466 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402474 42402474 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402482 42402482 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42402431 42402431 Villa - West Residential (Under 2,500 sq. ft.)10 6 0.52 5.20 42509121 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509139 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509147 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42509155 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509163 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509171 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509180 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42509198 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42509201 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509210 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42509228 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42509236 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509244 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42509252 Villa - West Residential (More than 3,600 sq. ft.)1 4 1.00 1.00 42424583 42424583 Villa - West Residential (Under 2,500 sq. ft.)1 6 0.52 0.52 42424591 42424591 Villa - West Residential (Under 2,500 sq. ft.)1 6 0.52 0.52 42424605 42424605 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42424613 42424613 Villa - West Residential (Under 2,500 sq. ft.)1 6 0.52 0.52 42424621 42424621 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42424630 42424630 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42424648 42424648 Villa - West Residential (Under 2,500 sq. ft.)1 6 0.52 0.52 42424656 42424656 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42424664 42424664 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42424672 42424672 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42424681 42424681 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42424699 42424699 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42331160 42331160 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42331178 42331178 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42331186 42331186 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42331194 42331194 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42331208 42331208 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 42331216 42331216 Villa - West Residential (2,500 sq. ft. to 3,600 sq. ft.)1 5 0.68 0.68 144 Total - IA #2:97.10 Notes: The proposed uses for each Property ID are provided by the Developer. Improvement Area #2 42402458 SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 24 ORD 912 EXHIBIT A 2019 Parcel ID 2020 Property ID Proposed Use Units/ Sq. Ft. Land Use Class EU Factor Total EU Villa - East Residential (More than 3,600 sq. ft.)21 7 1.00 21.00 Villa - East Residential (2,500 sq. ft. to 3,600 sq. ft.)23 8 0.68 15.64 Villa - East Residential (Under 2,500 sq. ft.)36 9 0.55 19.80 80 Total - IA #3:56.44 Total - All Areas:479.40 Notes: The proposed uses for each Property ID are provided by the Developer. 42402822 Improvement Area #3 42402822 SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 25 ORD 912 EXHIBIT A EXHIBIT E-1 – SERIES 2015 BONDS DEBT SERVICE SCHEDULE SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 26 ORD 912 EXHIBIT A SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 27 ORD 912 EXHIBIT A EXHIBIT E-2 – REIMBURSEMENT AGREEEMENT – PART A DEBT SERVICE SCHEDULE SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 28 ORD 912 EXHIBIT A EXHIBIT E-3 – REIMBURSEMENT AGREEEMENT – PART B DEBT SERVICE SCHEDULE SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 29 ORD 912 EXHIBIT A EXHIBIT F – NOTICE OF ASSESSMENT TERMINATION P3Works, LLC 9284 Huntington Square, Suite 100 North Richland Hills, TX 76182 ______________________________________________________________________________ [Date] Tarrant County Clerk’s Office Honorable [County Clerk Name] Tarrant County Courts Building 100 E Weatherford Street Fort Worth, TX 76196 Re: Town of Westlake Lien Release Documents for Filing Dear Ms./Mr. [County Clerk Name], Enclosed is a lien release that the Town of Westlake is requesting to be filed in your office. Lien release for [insert legal description]. Recording Numbers: [Plat]. Please forward copies of the filed documents below: Town of Westlake Attn: [Town Secretary] 1500 Solana Boulevard Building 7, Suite 7200 Westlake, TX 76262 Please contact me if you have any questions or need additional information. Sincerely, [Signature] P3Works, LLC P: (817) 393-0353 admin@p3-works.com SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 30 ORD 912 EXHIBIT A AFTER RECORDING RETURN TO: [Town Secretary Name] 1500 Solana Boulevard Building 7, Suite 7200 Westlake, TX 76262 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN STATE OF TEXAS § KNOW ALL MEN BY THESE PRESENTS: § COUNTY OF TARRANT § THIS FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN (this "Full Release") is executed and delivered as of the Effective Date by the Town of Westlake, Texas, a Texas Type A general law municipality. RECITALS WHEREAS, the governing body (hereinafter referred to as the "Town Council") of the Town of Westlake, Texas (hereinafter referred to as the "Town"), is authorized by Chapter 372, Texas Local Government Code, as amended (hereinafter referred to as the "Act"), to create public improvement districts within the corporate limits and extraterritorial jurisdiction of the Town; and WHEREAS, on or about February 24, 2014, the Town Council approved Resolution No. 14- 07, creating the Solana Public Improvement District; and WHEREAS, the Solana Public Improvement District consists of approximately 85 contiguous acres within the corporate limits of the Town; and WHEREAS, on or about January 15, 2015, the Town Council approved Ordinance No. 741, and on January 29, 2018, the Town Council approved Ordinance No. 843 (hereinafter referred to as the "Assessment Ordinances") approving a service and assessment plan and assessment roll for the Property within the Solana Public Improvement District; and SOLANA PID 2020 ANNUAL SERVICE PLAN UPDATE 31 ORD 912 EXHIBIT A WHEREAS, the Assessment Ordinances imposed an assessment in the amount of [amount] (hereinafter referred to as the "Lien Amount") for the following property: [legal description], a subdivision in Tarrant County, Texas, according to the map or plat of record in Document/Instrument No. ________ of the Plat Records of Tarrant County, Texas (hereinafter referred to as the "Property"); and WHEREAS, the property owners of the Property have paid unto the Town the Lien Amount. RELEASE NOW THEREFORE, the Town, the owner and holder of the Lien, Instrument No. ________, in the Real Property Records of Tarrant County, Texas, in the amount of the Lien Amount against the Property releases and discharges, and by these presents does hereby release and discharge, the above-described Property from said lien held by the undersigned securing said indebtedness. EXECUTED to be EFFECTIVE this the _____ day of _________, 20__. TOWN OF WESTLAKE, TEXAS, A Texas Type A general law municipality, By: _______________________________ [Administrator Name], Town Administrator ATTEST: ______________________________ [Secretary Name], Town Secretary STATE OF TEXAS § § COUNTY OF TARRANT § This instrument was acknowledged before me on the ____ day of ________, 20__, by [Administrator Name], Town Administrator for the Town of Westlake, Texas, a Texas Type A general law municipality, on behalf of said municipality. _______________________________ Notary Public, State of Texas Ordinance 912 Page 1 of 2 TOWN OF WESTLAKE ORDINANCE NO. 912 SOLANA PUBLIC IMPROVEMENT DISTRICT SUPPLEMENTAL SERVICE AND ASSESSMENT PLAN AND ASSESSMENT ROLL. A SUPPLEMENTAL ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE UPDATING THE SOLANA PUBLIC IMPROVEMENT DISTRICT OF THE TOWN OF WESTLAKE SERVICE AND ASSESSMENT PLAN AND ASSESSMENT ROLL. WHEREAS, by Resolution 14-07 adopted on February 24, 2014, after notice and a public hearing in the manner required by law, the Town Council of the Town of Westlake, Texas approved a resolution authorizing the creation of the Solana Public Improvement District of the Town of Westlake; and WHEREAS, the Town Council, pursuant to Section 372.016(b) of the Public Improvement District Assessment Act, Chapter 372, Texas Local Government Code (the “PID Act”) PID Act, published notice of the Levy and Assessment Hearing on December 22, 2014, in The Star-Telegram, a newspaper of general circulation in the Town; and WHEREAS, on January 15, 2015, after notice and a public hearing conducted in the manner required by law, the Town Council adopted Ordinance No. 741 approving the Solana Public Improvement District Service and Assessment Plan and Assessment Roll and the levy of assessments on property in the District; and WHEREAS, on January 15, 2015, the Town Council convened the Levy and Assessment Hearing and adopted Ordinance No. 743, authorizing the issuance of bonds secured by the assessments levied pursuant to the Assessment Ordinance; and WHEREAS, on January 28, 2018, after notice and a public hearing conducted in the manner required by law, the Town Council adopted Ordinance No. 843 approving the Solana Public Improvement District Service and Assessment Plan and Assessment Roll and the levy of the Part – B Assessment pertaining to the Parking Garage on property in the District; and WHEREAS, on August 26, 2019, Town Council approved Ordinance 890 that updated the SAP; and WHEREAS, the Service and Assessment Plan and Assessment Roll is required to be reviewed and updated annually as described in Sections 372.013 and 372.014 of the PID Act; and WHEREAS, the Town Council now desires to proceed with the adoption of this Ordinance for the Annual Service Plan Update and the updated Assessment Roll attached thereto, in conformity with the requirements of the PID Act; and WHEREAS, the Town Council finds the passage of this Ordinance to be in the best interest for the citizens of Westlake. Ordinance 912 Page 2 of 2 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That all matters stated in the preamble are found to be true and correct and are incorporated herein as if copied in their entirety. SECTION 2: That the Solana Annual Service Plan Update and updated Assessment Roll attached hereto as “Exhibit A” are hereby accepted as provided. SECTION 3: If any portion of this Ordinance shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Ordinance without the invalid provision. SECTION 4: That this Ordinance shall be cumulative of all other Town Ordinances and all other provisions of other Ordinances adopted by the Town which are inconsistent with the terms or provisions of this Ordinance are hereby repealed. SECTION 5: It is hereby declared to be the intention of the Town Council of the Town of Westlake, Texas, that sections, paragraphs, clauses and phrases of this Ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this Ordinance shall be declared legally invalid or unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such legal invalidity or unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs or sections of this Ordinance since the same would have been enacted by the Town Council of the Town of Westlake without the incorporation in this Ordinance of any such legally invalid or unconstitutional, phrase, sentence, paragraph or section. SECTION 6: This ordinance shall take effect immediately from and after its passage as the law in such case provides. PASSED AND APPROVED ON THIS 24TH DAY OF AUGUST 2020. _____________________________ ATTEST: Laura Wheat, Mayor ____________________________ ______________________________ Todd Wood, Town Secretary Amanda DeGan, Town Manager APPROVED AS TO FORM: ____________________________ L. Stanton Lowry, Town Attorney FUTURE AGENDA ITEMS: Any Council member may request at a workshop and / or Council meeting, under “Future Agenda Item Requests”, an agenda item for a future Council meeting. The Council Member making the request will contact the Town Manager with the requested item and the Town Manager will list it on the agenda. At the meeting, the requesting Council Member will explain the item, the need for Council discussion of the item, the item’s relationship to the Council’s strategic priorities, and the amount of estimated staff time necessary to prepare for Council discussion. If the requesting Council Member receives a second, the Town Manager will place the item on the Council agenda calendar allowing for adequate time for staff preparation on the agenda item. None Town Council Item # 10 – Future Agenda Items COUNCIL RECAP / STAFF DIRECTION Town Council Item # 11 – Council Recap / Staff Direction Town Council Item # 12 – Adjournment Regular Session