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JANUARY 07, 2009 SPECIAL MEETING
SPECIAL MEETING - ]anuairy 7, 2009 I. INVOCATION, PLEDGE & ROLL CALL Councilmember Henderson gave the invocation followed with the pledge to the flag. The City Council of the City of Port Arthur met in Special Meeting on Wednesday, January 7, 2009 at 4:38 p.m. in the City Council Chamber, City Hall, with the following members present: Mayor Deloris "Bobbie" Prince; Councilmembers Elizabeth "Liz" Segler; Morris Albright, III, Martin Flood, Dawana K. Wise and Thomas J. "Tom" Henderson; City Manager Steve Fitzgibbons, Acting City Secretary Terri Hanks, City Attorney Mark T. Sokolow and Sergeant At Arms Chief of Police Mark Blanton. Councilmember John Beard, Jr. joined the Special Meeting at 4:39 p.m. Mayor Pro Tem Jack Chatman joined the Special Meeting at 4:50 p.m. Councilmember Robert E. "Bob" Williamson was absent from the Special Meeting. II. DISCUSSION OF THE CITY OF PORT ARTHUR FY 2008-2009 BUDGET Mayor Prince addressed the "iJne Block at a Time" hine-month budget request. as shown in Exhibit "A". She announced that the "One Block at a Time" kick-off meeting. would. be held at 6:00 p.m. on Thursday, January 8, 2009 at the DeQueen Elementary School Cafeteria. Deputy City Manager and Human Resources Director Harvey Robinson appeared before. the City Council to address inquiries related to remediation, education and enforcement of city codes to meet the needs of the community. Human Resources Assistant Director and Interim Parks Director Albert Thigpen appeared before the City Council to encourage participation in the "One Block at a Time" community clean-up program. City Manager Steve Fitzgibbons and Assistant City Manager/Administration Rebecca Underhill appeared before the City Council to address inquiries related to 2008-2009 budgetary issues as shown in Exhibit "B". Griffith and Associates Representative John Johnson appeared before the City Council to discuss obtaining supplemental equipment funding from Texas Environmental Resource programs designed to reduce emissions and promote energy conservation. Public Works Director and City Engineer Ross Blackketter appeared before the City Council to address issues related to street repairs. Councilmember Henderson submitted a request to purchase equipment as shown in Exhibit "C" to assist in removing graffiti and requested a basketball court be installed in the Griffing Park area. III. ADJOURNMENT OF MEETING Upon the motion of Councilmember Beard, seconded by Mayor Pro Tem Chatman and carried unanimously, the City Council adjourned their meeting at 6:12 p.m. An audio-tape of this meeting is on file in the office of the City Secretary and is made a part of the official minutes of this meeting. x ATTEST: MAYOR DELORIS "BOBBIE" PRINCE ACTING CITY SECRETARY TERRI HANKS END OF SPECIAL MEETING HELD:- January 7, 2009. APPROVED:' - City Council Minutes- Special Meeting January 7, 2009 2 Exhibit "A" ~ Ci f P rt Arth ty o o ur - Planni ng 8. Commu nityDev eiopment J To: MayorDeloris Prince Ram: Colleen Russell, Director of Planning Date: January 8.2009 Re: Proposed "One Block at a lime" 9 Month Budget. the Neighborhood Development Specialist will be the individual responsible for adminafrafing the program. Presently the opportunity exists for fransitioning the position of coordinator for the Weed & Seed program to that of Neighborhood Development Specialist (N.D.S.} thereby creating further savings for this. new program. DESCRIPTION AMOUNT Regular Cpmings $40,000 Overtime Eaming5(rnav~Yyra•rutvicwor~~moybeneedea7 50,000 Extra Help 5,000 Social Security/Medicare ~ 3,000 Refuement 5,000 Health Insurance 7;000 Worker's Compensation 1,500 Terminating Pay 1,500 Office Supplies 10.000 Minor Equipment (2 voteMOUnfing sunrei-ance Cameras) 10,000 Equipment Maintenance 2,000 Professional Services 20,000 (anfiCipated to be funded mostfy with Pm'sre donafronsJ Advertising 15,000 Travel and Education 10,000 Computer Programs 3,000 Communications 3,000 Fuel ahd Lubrication 2,000 Equipment (vehicle) 25.000 Contingencies/Miscellaneous 5,000 Vehicle Maintenance 2,000 Other Supplies (rerresnmen8, doarprizes, swords) 26,OOD TOTAL $240,000 jExhibit B r J - ~ ~~ . "" INTEROFFICE MEMORANDUM TO: Mayor 8: Council ~/~y FROM:: Steve Fitzgibbons, C~ Manager DATE: January 7, 2009 RE: 2008/09 Budget. Ensues Attached is a memo from Becky Underhill regarding 2008/09 budget issues, a memo on 2008/09 future ih-lieu. of tax projections based on current values (which certainly could drop), and information on reserves including. estimated balances. I am also attaching information on off-road and over-the-road equipment. We will certainly make efforts to obtain ,equipment funding from sources other than the General Fund- including the Texas Environmental Resource Program .funding and. Supplemental Environmental Program funding. Carl Griffith and Associates. has been working on .both these programs. I have' asked. John-Johnson, with Griffith And Associates, to attend the workshop and update you on these programs. Staff increases could include a three member police traffic unit-and a four member ditch maintenance crew. Personnel costs for the traffic unit would be an estimated $180,000 .and about $170,000 for the. drainage crew. Court revenue increases would likely cover the cost of the traffic unit. Both activities would require increased equipment. Other activities that I believe are important to start immediately include establishing- an Urban Land Bank Program, establishing a Neighborhood Stabilization program and- pursuing EDAP and other State and FederaFfunding sources. Additional staff or consultants may be needed' particularly to help establish and. maintain urban land . banking and neighborhood stabilization.. I am also including. information on urban -land banking and neighborhood. stabilization. DATE: - 1/2/2009 _ ~ - TO: ~ STEVE FITZGIBBONS, CITY hLANAGER - ~ ~ - FROM: - ~ ~ REBECCA UNDERHILL, CPA; ASSISTANT CITY ;v N / CTOR OF FINANCE RE: ~ ~ BUDGET 2008-2009 The 2008-2009 budget, as originally adopted, was based upon $18.7 million in industrial revenue. This number was developed during the summer, as we were negotiating wi[h TOTAL and Valero, and expecting increased revenue from these companies during the 2009 budget year. With the successful development of new contracts with these and the. other industries, the Ciry will experience an influx of advance payments totaling $17 million.- However, due to the budgeting that was done, anticipating some increases, all of these funds will not be available for additional projects (see attached table). In addition, we must reserve a portion of these funds for the potendalcredit/refund that is due to Huntsman per rhea contract Based upon 2008 values,. industrial revenue fox 2010 could be $25 million.. (Has includes the. credits fox the advance payments). This number should be reduced for planning purposes. We all anticipate reductions in industrial values based upon the current market conditions: o T7ie price of fuel has dropped over 45% since January 2008. o FlinrHills Resources remains idle at January 1, 2009. o Chevron USA remains idle at January 1, 2009. o Motiva is slowing the pace of their expansion. While their payments are fixed, this reduction in activity- may also impact our sales tax and other revenue. Hurricane.Ike recovery. must be addressed. To~date, we-have expended $8.7 million for.Gustav. and Ike. We have received an advance from FEMA in the amount of $1.78 million. fox. debris removal; therefore our net outlay to dale is $7 million. The emergency works should be ehgible for 100% reimbursement The restorative-work will be eligible at 75%. We do not yet know what these amounts will be. ~'(%e will-work. diligently to recover the remainder of thesefunds, however past experience indicates that this process takes years. Budget Actual Advance Pmts Contracts with fixed payments, in their final veer BASF/FINA -Cracker $ 900,000 $ 900,000 $ 5,000,000 Chevron Phillips 1,185,000 1,185,000 - Chevron USA 150,000 150,000 - Praxair 200,000 200,000 - Valero (Premcor) 2,029,684 2,029,684 6,000,000 Valero (Premcor) - HOUP 872,000 872,000 - GreatLakes Carbon 183,500 183,500 - Hun[sman 2,050,000 2,050,000 2,300,000 Equilon Pipeline 26,500 26,500 - Other Contracts, with fixed oavments BASF/Sabina/ TOTAL 315,000 315,000 - Colonial Pipeline 25,000 25,000 - ExxonMobil Pipeline 125,000 125,000 Golden Pass LNG 500,000 500,000 - Motiva 3,700,000 3,700,000 - Valero (Onyx) 135,000 135,000 - US Intec 25,000 25,000 - Contracts with payments as a % of tax Premcor Hydtrotreater 279,970 288,912 - Premcor Decoker 442,543 362,912 ~ - Premcor Expansion 456,739 _ 469,864 - Premcor Tier II Diesel 257,189 265,717 - BASF (old Sandoz) 432,486 518,379 500,000. Total contracted/estimated 14,290,611 Adjustments, based upon negotiations TOTAL 2,750,000 - 3,600,000 Increase for Valero ~ 1,661,875 - - Total Industrial Revenue $ 18,702,486 $ 14,327,468 $ 17,400,000 Projected Industrial Payments Exp. Date 07=0R TOTAI'.Comnlex~ - 08-466 TOTAL -PAR ~ 12/31/13 2,250,000 PrepaymenUcredit - 08-467 BASF/1'O"I'AL JV-RFLP I2/3U13 900,000' PrepaymenUcredit 08-474 'COTAL - DCP (expansion) 12/31/21 ' 02.25 BASF'/Sabina/ATOFINA 12/31/12 252,000 Chevron Complex OR-469 Chevron-Phillips ~ ~ 12/31/13 1,185,000 O OR-126 Chevron USA 12/31/09 150,000 08.473 Ineos Pheol 12/31/13 Pipelinc 06-363 ~ ~ Colonial Pipelinc 12/31/1 L ,~ 25,000 06.349 Exxon Mobil Pipeline 12/31/11 ~ 62,500 08-458. Mobil Oil Pipeline - 12/31/1 l 62,500 LNGs OS-259 Exxon Mobil -Golden Pass LNG 12/31/15 ~., - Valero Complex 08-494 ' ~ Premcoi ** ~ .12/31/13 2,029,684 PrepaymenUcredit These Valern Contracts roll rota main contracl~Res. OA-49 4 at expiration y~y _~ ~un~to ~ ~ ~ ' 12/31/OR- 872,000 05-165 Premcor "Cicr ll Diesel. ~ . 12/3 t/09 370,748 '03-297. ~ Premcor Hydroheater ~ ~ 12/31/10 354,110 05-164 Premcor Feed and Decoker .12/31/14 Coex 1 ~ 474,272 Coker(lieed Ratc 8xpansion)~ ~ 494,690 xx-zxx ~ Valero Coex Expansion zx/xx/xx 05-270 Air Products - 12/31/10 . nr~na `E7reer•-Fakes-F~ePbe+r i2/31/08 183,500 08-471 ~ Ox Bow Calcining 12/31/09 05-181 Pon Arthur Steam Energy 12/31/10 3,966 08-472 Praxair 12/31/09 200,000 Other 08-468 BASF - WPA Road Paciliry 12/31/13 432,486 PrepaymenUcredit OR-09 ~ 09-10 10_11 II12 1212=13 13_14 - a,74o,00o a,74o,00o a,7ao,ooo a,7ao,ooo a,7ao,ooo 3,600,000 ~ ,(891,000) (892,800) {849,600) -(806;400) (763,200) 900,000 5,500,000 5,500,000 5,500,000 5,500,000,. 5,500,000 5,000,000 (1,237,500) (1,240,000) (1,180,000) (1,120,000) (1,060,000) 500,000 930,000 315,000 315,000 315,000 315,000 315,000 ,' _ _ 1y185,00tr 1,468,000 1,468,000 F,46R,000 . ~ 1,468,000 1,468,000 ~ ~. ISQ,000 457,201 307,800 - 307,800 307,800 307,800 307,800 .25,000 25,000 25,000 25,000 62;500 62,500 62,500 62,500 62,500 62,500 62,500 62,500 500,000 2,100,000 2,100,000 2,200,000 2,20Q,000 2,300,000 2,029,684 3,100,000. 3,100,000 3,100,000 3,100,000 3,100,000 6,000,000 (1,485,000) ~ (1,488,000) (1,416,000) (1,344,000) (1,272,000) 872,000 3,100,00(1 - 3,100,000 .3.100,000 3,100,000 3,100,000 - 265;717. 191,506 509.000 509,000 509,000 509;000 288,912 190,382 89,370 486,000 486,000 ~ ~ ~ 486,000 362,912 331,472 224,481 200,000 185,000 160,000 - _- 469,R64, 305,1 I5 153,470 150,000 100,000- 30,000 183,500 .570,000 200,000 - 472,000 518,379 ~ 485,980 500,000 ~ (123,750) 485,980 485,980 485,980 (124,000) ' (I IR,000) (112,000) 485,980 (106;000) ~. Date 0707=08 OROR=D9 0909=10 10_11 1111=12 12_13 13.14 03-29fi Huntsman / FHR '- 12/31/08 2,050,000 2,050,000. 1,519,370 1,519,370 1,519,370 1,519;370 1,519,370 PrepaymenVcredit 2,300,000 (569;250) (570,400) (542,800) (5(5,200) (487,600) OS-271 Motiva 12/31/19 3,700;000 3,700,000 4,700,000 4,700,000 ~ 4,700,000 7,700,000 7,700,000 03-257 Onyx 12/31/10 135,000 135,000 135,0(10 .135,000 07-462 U. S'. Intec ~ • 12/31/12 25 000 ~ 456 8 S 16 212 25 000 968 31 700 25y00 A 25 R57?2h ~ 25 000 271 S 24 307 25000 750 $ 24 849 25y00 A 28:343.550 ~ ~ - $ 28.647.350 Gross Paymcnts . . . . . $ 30,163,826 . . $ 28,622,471 . . $ 28,956,ISD $ 32,241;150 $ 32,336,150 Prepayment Credits (4-,306,500) (4,315,200). (4,106,400) (3,897,600) (3,688,800) ~- ~ ~ ~ ~ ~. $ 25,857,326 $ 24,307,271 $ 24,849,750 $ 28,343,550 $ 28,647,350 Flaf Rate Payments Payments based upon 75%oPtax Payments at h5%of taz ti • , - DATE: - ]/7/2009 - - - ~ - TO: STEVE FITZGIBBONS, CITXALANAGER -FROM: - REBECCA UNDL"KRILL, CPA, ASSISTAN C A R / ADMINISTRATION .RE: FINANCIAL POLICIES On August 18, 1992, the City,Council adopted Resolution 92-206 which established financial policies for the City. These policies have not been changed. They require operating fund balances to be maintained in order to protect the City- "againsr'extraordinary events." The "City Council will insure that operating fund balances are adequate to handle a reasonable drop in current revetittes or' rise in current expenditures. The target for fund balance, expressed in equivalent-days of operations; will be a minimum of (60) days (except the solid waste fund shall be a mitvmum of forty-five (45) days). In addition, we will insure that an adequate reserve fox ezrsaordinary events by reserving $1.5 million iti the General Fund Balance." We aze in-the process of completing the accouhting for fiscal year 2007-2008. The estimated fund balances, and polity requirements, at September 30, 2008 for-the major operating funds are: - - Balance . ~ Requirement Difference General Fwd $ 14,500,000 $ 7,000,000 $ 7,500,000 Water Utility Fund (11,487,513) _ ~ ,1_,722,023 (13,209,536) Solid Waste Fudd (235;212) '768,660 (1,003,872) , $ 2,777,275 $ 9,490;683 $ (6,713,408) These balances axe supplemented by the balances in other "internal services funds" These funds were established to concentrate costs fox certain activities and to provide balances for future, designated costs, or liabilities. The balance requirements for these funds were not addressed fn the pohry. • Equipment Replacement Fund - An informal policy that was used when the fund was created was a goal to have. one year of equipment purchase funds in the balance at all times. This would provide us with equipment money in lean years, if necessary, without. impacting the operating budgets. At September 30, 2008, that balance is estimated to be $2 million. • Hospitalization Insurance Fund - As we aze self funded for health insurance, a balance is pendent to meet unanticipated spikes to health insurance costs which we experience from time to time. At September 30, 2008, that balance is estimated to be $3 trillion. • _ Debt Service =The estimated balance in this fund, $3.7 million,.is xestricted'by bond covenants forfumredebt service: ~ - ~ - ,. ~.. ~ --- ,-. ;_ FOR * REQUESTED BY: Walter Thomas ADMINISTRATION * Director o£ Finance USE * PURPOSE EXPRESSED BY REQUESTOR: ONLY * Adopt Financial Policies for the * 1993 Budget Year * LOCATION: N/A RESOLUTION NO. 7 ~ -~U P. R. NO. 8607 A RESOLUTION ADOPTING FINANCIAL POLICIES FOR THE.1993 BUDGET YEAR WHEREAS, the City Council o£ the City o£ Port Arthur has determined that the City o£ Port Arthur should adopt a Financial Policy tdprdvide direction to City Staff, now therefore, BE IT RESOLVED HY .THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: THAT the Statement of Financial Policies, a copy o£ which is attached hereto as Exhibit "A", contains the Financial Policies.o£- the City o£ Port Arthur, and THAT a copy of the caption of this Resolution shall be spread upon the Minutes a£ the City Council. READ., ADOPTED AND APPROVED this the ~ ~ day o£ ~-~`L, A:D., 1992 at a Regular Meeting of the City Council o£ the C't~of - Port. Arthur, Texas, by the £ol meowing vote: AY~J MAYOR ~W~iWG`-i LMEMBERS NOES: /G(C/Lf1CYX~G(. ~v1/sC.Gl~Gill~/,fi/ MAYOR ATTEST: e City Se ret- APPROVED FOR ADMINISTRATION: Cit}~kfana r APPROVED AS TO FORM: ~~ ity Attorney EXHIBIT A CITY OF PORT ARTHUR, TEXAS STATEMENT OF FINANCIAL POLICIES The fallowing ere the Financial Policies of the City Council of the City of Port Arthur, Texas: These policieswill remain in force until amended or deleted by City Council. Citv_ Staff will incorporate these policies into future planning, budgets, and financial operations. POLICIES WILL BE IN WRITING The Financial Policies of the City of Port Arthur will be in writing and will be formally adopted each year by the City Council as pert of a Multi-Year Financial Plan. PLANNING We will prepare aMulti-Year Financial Plan which integrates our capital needs with our operating needs. This plan will be based on adopted financial policies showing balances and other measures of fiscal strength and stability. The City Council will be presented financial plans as follows: March 31 - Capital.Improvement Plan detailing the City's future Capital Improvement needs and the sources of funding to meet those needs. May 31 -Multi-Year Financial Plan which. will provide details of anticipated revenues and expenditures for'the nett five fiscal years. The Five-Year Financial Plan will include the City's General Fund, Water and Sewer Fund, Solid Waste Fund and any other major operating Funds. BALANCED BUDGETS The Annual Operating Budgets of the City of Port Arthur will be balanced. We will make each year's operating expenditures match each year's operating revenues without including fund reserves as a funding source. The Annual. Operating Budgets will incorporate one-time reeenue sources and excess fund balances only for non-recurring expenditures in subsequent fiscal years. EXHIBIT A CITY OF PORT ARTHUR, TEXAS STATEMENT OF FINANCIAL POLICIES -2- FUND BALANCE AND RESERVES The City shall maintain adequate operating balances and reserves against extraordinary events. - City Council will insure that operating fund balances are adequate to handle-a reasonable drop in current revenues or rise in current expenditures. The target for fund balance, expressed in equivalent days of operations, will be a. minimum of sixty (60) days (except the .-,.rw ..,n~ra P„nd shall be a minimum of forty-five (45) da s In addition, we will insure that there will be an adequate reserve for extraordinary. events by reserving $1.5 million of the General Fund Balance. CAPITAL AND INFRASTRUCTURE REPLACEMENT The City will replace existing capital equipment that is worn out, broken or costly to maintain in a timely manner. The assets (infrastructure) of the City of Port Arthur represent a vital investment made by our citizens. We ~ndll preserve that investment by repairing, maintaining and safeguarding these assets for future generations. DEBT ISSUANCE The issuance of debt (bonds, certificates and long-term ]eases) is costly and time-consuming. Because of this, the issuance of debt should be scheduled no more. often than once a year if possible. The maturity period for debt will be less than or equal to the life of the asset being financed. _ Our annual payments for debt service will maintain a reasonable relationship to total expenditures and assessed valuations. LYe will carefully analyze the ratio of operating expenditures to debt service; ratio of assessed valuation to net long-term debt; and per capita debt prior to approving new debt. NEW PROGRAMS AND FACILITIES New programs will be implemented only when we know the full annual costs, have justified the need, identified funding and have prioritized the proposed new program along with all other governmental services. Before we vote or approve facilities (fire stations, libraries, etc.) we will know the full annual costs of staffing, equipping, operating, and insuring the facilities. EXHIBIT A CITY OF PORT ARTHUR, TEXAS STATEMENT OF FINANCIAL POLICIES _g_ MANDATED SERVICES We will review and preview State and Federal Legislation that has an impact on our services (environmental, etc.) and the resulting costs to our citizens. We will try to identify these future costs and realize they have to be included as a part of our,locat service requirements. PROGRAM OPERATIONS Yie will monitor those programs which are serving fewer citizens, or costing more, due to inefficiency or lack of economies of scale or those -which are being duplicated. To the extent possible, the budget resources will be reduced or eliminated and redirected to other areas of greater need. This shift will be accomplished in an orderly manner, fully communicated to those affected. The City will provide quality services. Those programs which are justified and serve the needs of the community. will be funded adequately to insure quality service. A program will be discontinued if funding is not adequate to provide a quality service. UTILITY OPERATIONS Our utility rates should be adequate to cover the cost of operating the utility including the capital requirements, however, all utilities w711 be accessible to ell of our citizens. Our utility cost subsidies (between funds, between utilities, between customers and between generations) should-be minimized. To the extent feasible, the General Fund will be adequately compensated by the Enterprise Funds to~cover services such as management,accounting, purchasing and facilities. This charge should be supported by a cost allocation rationale. Finally, io the extent feasible, the General Fund may be compensated by the Enterprise Funds to match those 'revenues that would be received from a private utility, such as property and franchise taxes. PROPERTY TAX RATES The City of Port Arthur will strive to maintain a property tax rate that is competitive with rates established by nearby communities, communities of similar size and communities with similar economic and sociai circumstances. EQUIPMENT NUMBER DESCRIPTION ~ YEAR MODEL, AMOUNT '. ~° 929 ~ VACTOR SEWER CLEANER j 1993 I 175,000 986 ~ VACTOR SEWER CLEANER j 1993 175,000 1352 i _ 2000 ~ VACTOR$EWERCLEANER 175,000 1402 _ VACTOR SEWER CLEANER ! 2001 175,000 925 ~ DUMP TRUCK - 8YD ~ 1992 ~ 75,000 1007 j DUMP TRUCK - 8YD ~ 1993 ~ 75,000 1011 j DUMP TRUCK -12 YD I 1994 90,000 •1203 DUMP TRUCK.- 8YD 1996 j 75,000 1204 DUMP TRUCK - 8YD • ; 1996. 75;000 1206 DUMP TRUCK - 8YD , 1996 j 75,000 1219 ( DUMP TRUCK - 8YD ~ 1996 75,000 1225 ( DUMP TRUCK - 8YD 1996 , 75,000 1226. DUMP TRUCK - 8YD ~ 1996 ~ 75,000 1237 - DUMP TRUCK -12 YD 1996 j 90,000 963 STREETSWEEPER 1993 I 150,000 1199 i BUCKETTRUCK ~ 1996 i_ 100,000 619 (BUCKET TRUCK _ ~ 198 _ 60,000 7432 VOLVO GARBAGE TRUCK ~ 2001 ~ 250,000 1483 ( VOLVO GARBAGE TRUCK. 2003 .250,000 7486 VOLVO GARBAGE TRUCK 2003 ~ 250,000 1229!33 - TRASH TRUCKIGRAPPLE ~ 1996 j 175,000 1230134 jTRASH TRUCK/GRAPPLE ~ 1996 ~ 175,000 1231135- (TRASH TRUCK/GRAPPLE ~ 1996 ~ 175,000 1232!36 TRASH TRUCK/GRAPPLE ~ 1996 ~ 175,000 1372 OPEN TRASH TRUCK 1998 150,000 1373 OPEN TRASH TRUCK 1998' 150,000 7431 jCOMMERCIAL GARBAGE UNIT 2001 250,000 7533 (COMMERCIAL GARBAGE UNIT I. 2003 ~, 250,000 742 (PRO-PATCH TRUCK 1990 60,000 TOTAL $4,100y000 DOE$'NOT INCLIIDE~NYTMEROYJ6 ~CAB36, j _ .. - - .- q : - PYCS-IIPB AND 3/4-TON iPl'II.Pl'H TRdTCHf3- I ~ ~ -' ~ ~ - I ^ ~®ux~~~Prr - o~ ~®~ j ~ . EQUIPMENT NUMBER ( DESCRIPTION j YEAR MODEL AMOUNT 743 ( AIR COMPRESSOR ~ 1989 ~ 20,000 744 _ ( - CASE LOADER , 1990 ! 45,000 747. ~ i BOB CAT TRENCHER ~ 1990 j .45,000 836 , LOADER j 1991 I 100,000 884. i EXCAVATOR ~ 1992. 150,000 937 TRACTOR i 1992. j 30,000 939 TRACTOR ~ 1992 30,000 970 BACKHDE I 1993 70,000 980 ( MOTOR GRADER j 1993 200,000 1038 BOMAG __ j 1989 ! 150,000 ~ 1107 CAT BULLDOZER 1994 j 400,000 ~ 1140 MCAT LOADER 1995 140,000 1174 MINI EXCAVATOR _ ~ 1996 45,000 1274 (TUB GRINDER ~ 1995 ~ 300,000 1332 i IGRADALL EXCAVATOR , 1998 _ 250,000 1336 CATERPILLAR BULLDOZER I 1999 400,000 _ 1398 SLOPE MOWER ~ 2000 TOTAL. ~ 80,000 52;455,000 lJ rban Land dank ®en~onstration Prograrr~ Pion Fiscal Year 2007-0~ Housing Department 1500 Marilla Street Room 6DN Dallas, Texas 75201 August 8, 2007 FY 2007-08 Urban Land Bank Oemonsha6on Program Plan -Page i OVERVIEW The. 2003.Texas Urban Land Bank Demonstration Act provides an opportunity for Dallas to address the dual needs of insufficient affordable housing and older neighborhoods at risk. The Act allows the governing body of a municipality to adopt an urban land bank demonstration program in which the officer charged with selling real property order date sold pursuant to foreclosure of a tax lien may sell certain eligible real property by p sale for purposes of affordable housing development. The governing body of a municipality that adopts an Urban 1_and Bank Demonstration Program must adopt a plan annually. The plan for fiscal year 2007-08 includes the following elements: 1) A list of the parcels of real property that. may become eligible for sale to the land bank during the plan year, 2) An estimate of the total number of tax lawsuits to be filed to acquire land bank properties in the plan year. 3) The proposed sale price of the properties anticipated to be sold to "qualified participating developers" during the plan year. 4) A list of community housing development organizations eligible to participate in the "right. of first refusal" for acquisition and development of real property sold to the land bank, 5) The municipality's plan for affordable housing development on those parcels of real property, and 6) The sources and amounts of funding anticipated being available from the municipality for subsidies for development of affordable housing in the municipality, including any money specifically available for housing developed under the program, as approved by the governing body of the municipality at the time the plan is adopted. The City of Dallas proposes to implemen# a local Urban Land Bank Demonstration Program and presents this plan for implementation. .Before adopting the FY 2007-08 plan, the City of Dallas will hold a public hearing on the proposed plan. The City of Dallas will provide notice of the hearing to all City certified Community Housing Development Organizations (CHDOs) and to neighborhood associations identified by the City as serving the neighborhoods in which properties anticipated to be available for sale to the land bank are located. The City of Dallas will make copies of the. proposed. plan available to the public not later than the 60~n day before the date of the public hearing. Following the adoption of the FY 2007-08 Urban Land Bank Demonsiration Program Plan, the plan will be implemented and the annual performance reports on the plan will be available through the Housing Department no later than November 1, 2008. The performance report for the FY 2006-07 tJrban Land Bank Demonstration Program Plan will be available no later than November i, 2007. CITY OF DALLAS' FY 2006-07 URBAN LAND BANK. DEMONSTRATION PROGRAM PLAN Parcels of Property The objective ofi the City ofi Dallas' Urban Land Bank Demonstration Program into acquire unproductive; vacant, and developable tots and lots improved with abandoned, vacant and uninhabitable houses to be "banked" for affordable housing development. The acquisition of these lots will enable new single-family development io house low and moderate income homeowners and stabilize distressed communities. This initiative will be implemented by means of the tax foreclosure process for properties with five years or more of delinquent property taxes. e The City has identified parcels of real property tha# may become available for sale to the land bank during the fiscal year beginning October 1, 2007 (see Attachment C). The considerations for parcel identification included vacant residential properties with at least five years or more of delinquent property taxes (reported from the Dallas-County Appraisal District as of June 27, 2007). Priority is giuen to properties located in: 1) neighborhoods designated within the Gity of Dallas Neighborhood,lnvestment Program, 2) neighborhoods with active Community Housing Development Organization projects, and 3) other neighborhoods identified by the City as being in need of new housing development. The parcels listed will fallow a process of review to determine suitability for housing development before moving forward to tax foreclosure and possible land banking. This is a list of potential properties for the land bank. Up to 300 parcels of property from the attached list will be referred for tax foreclosure by the land bank during the 2007-08 fiscal year. Qualified Participating Developer In order to be designated as a Qualified Participating Developer under Section 379C.005 of the Texas Local Government Code ("code"}and participate in the urban land bank development program, a developer must:. (1) have built three or more pausing units within the three-year period preceding the submission of a proposal to the land bank.seeking to acquire real property from the land bank; (2) have a development plan approved by the Gity for the-land bank property; and (3) demonstrate ability to develop, withiri a two year period, its inventory of residential lots acquired through City of Dallas operated or assisted programs including proposed land bank property to be acquired. Community Housing Development Organizations ' An organization which meets the definition of a Community Housing Development Organizatibn (CHDO), under 24 CFR 92.2 and is certified by the City of Dallas as such, may be a "qualifed arganization° under Section 379G.011 of the Texas Loca{ Government Code ("Code"). Only "qualified organizations" as defined in the Code may engage in the "right of first refusai° for this program. A listing of those CHDOs that may be eligible for the-"Right of First Refusal" is available ~~ as Attachment A. In order to engage in the right of first refusal" on the acquisition of a property from the land bank, the CHDO must also have the following to be considered. a "qualified organization": 1. Contain within its designated geographical boundaries of operation, as set forth in its application for certifrcation filed with and approved by kpe Cify, a portion of the property that the land bank is offering for sale, 2. Built at least three single-family homes or duplexes or one multifamily residential dwelling of four or more units in compliance with all applicable building codes within the preceding two-year period of the date the property becomes available for purchase through the land bank and within the organization's designated geographical boundaries of operation, and 3. Built or rehabilitated housing units (within the preceding two-year period) within a one-half mile radius of the offered parcel. Code Section 379C:011 explains the elements of the "Right of First Refusal" for "qualified organizations." The City of Dallas and Land Bank will apply the following points to this process: 1. Written notice will be provided to tpe "qualified organizations' for the offering; ~~ 2. The time period. for right of first refusa{" will be six (6) months fram the date of the deed of conveyance of the property to the land bank; 3. During this six-month period, the land bank may not sell the property to a qualified participating developer other than a qualified organization {If all qualified organizations eligible fo exercise She right of first refusal for that property notify the land bank that they are declining to exercise their right of first refusal during the 6 month period or if an offer to purchase the property is not received from a qualified quaffiedideveloper at the same p~ce tdhat the land bank offereld thepprope ytto the other qualified organization); 4. After the period for the "right of first refusal" expires, the subject: property will be offered to a "qualified participating developer' as defined in the Code (a "qualified participating developer" is defined as a developer who has built three or mare housing units within the three-year period preceding the submission of a proposal to the land bank and has a development plan approved. by the City for the land bank property); 5. At the discretion of the land bank and consistent with the City approved development plan, the subject parcel may be held for up to twelve (12) additional months by the land bank once an offer has been received and accepted from a "qualified organization or "qualified participating developer; 6. If more than one "qualified organization" expresses an interest in exercising its "right of first refusal," the organization that has designated the most geographically compact area encompassing a portion of the property shall be given priority; and 7. There will be no requirements for the land bank to give "right of first refusal" for °qualified organizations" if the subject property has reverted to the-land bank after going through this entire process. 8. The "right of first refusal" applies only to properties acquired under the State Code for the Urban Land Bank Demonstration Program. There is no "right of first refusal" for properties acquired by the City or its Land Bank through other City programs or initiatives. City of Dallas Plan for Affordable Housing Development Based on 2000 census data, the Dallas metropolitan area has grown 29% since 1990 and continues to grow at a rate of 2% annually. With an increase of approximately 273,000 in population since 1990, the City of Dallas has identified high priority needs in the availability and affordability of housing. In fact vacancy rates far single family and. multifamily housing units have dropped to 1.4°~ and 7°~ respectively. An additional concern is the low rate of 43°~ for homeownership in Dallas compared to the national average of 67°J°. However, oniy.3,300 homes priced less than $121,000 were built in Dallas between 1995 and 2000'and demolition of substandard homes may have reduced that gain. In order to achieve a 50°~ homeownership rate goal, approximately 32,000 single-family units would have to be created. The priority for the City of Dallas is not only to create single-family homes but also to make them affordable. The definition of an affordable homeownership unit is one in which a household with income of 115% or less of area median family income can obtain financing to purchase the home. The creation of housing for families. at BO°~ or below of median family income is a priority for the City of Dallas and this Urban Land Bank Demonstration Program. Additionally, at least 25% of the Eand bank properties. must I be deed restricted for sale to households with gross household incomes not greater than 60°k of the area median family income adjusted for household size; and not more than 30% of those land bank properties may be deed restricted for sale to households with gross household incomes greater than 80% of the area median family income, adjusted for household size. The tremendous need for housing in Dallas will also allow the City to take advantage of opportunities to leverage private and public funding for mixed income developments, The City of Dallas intends to continue implementation of the Urban land Bank Demonstration Program to produce affordable housing. Attachment D identifies the list of 1087 properties the Land Bank has referred for tax foreclosure under the FY 2003- 04, FY 2004-05, FY 2005-06 and FY 2006-07 Plans. In the event any properties are removed from Attachment D, an equal number of qualified lots may be substituted. The City of Dallas intends to self up to 250 properties in FY 2007-OS to "qualified organizations" and "qualified participating developers" for affordable housing development under this program. Subject parcels will first be offered for sale in FY 2007-08 to "qualified organizations" at a price of $3,D00.00 for the first 7;500 square feet of land plus $0.133 for each additional square foot plus any regulatory and contractual costs, including but not limited to environmental testing, maintenance, post foreclosure property taxes and replatting, required for the Land Bank to acquire and sell developable properties. Buyers will be required to submit development plans for approval along with requests to purchase available parcels. All properties will be deed restricted for the developer anti! construction is complete and sale of the affordable unit. occurs. All parcels will be conveyed with a right of reverter so that if the "qualified participating developer" does not apply for a construction permit and close on any construction financing within the two-year period following the date of the conveyance of the property from the land hank to the "qualified participating developer," the property will revert to the land bank for subsequent resale to another "qualified participating developer" or conveyance to the taxing units who were parties to the judgment for disposition as otherwise allowed under the law. if a property is not sold within three (3) years to a 'qualified organization" or a "qualified participating developer," the property will be transferred from the land bank to the taxing units who were parties to the judgment for disposition as othervvise allowed under the law. Supportive Funding Attachment B reflects the sources and amounts for funding anticipated to be available from the City for subsidies for development of affordable housing in the city of Dallas, including money specifically available for housing developed under this program, as approved by the City Council ofi the city of Dallas at the time of adoption ofahis plan. ATTACHMENT A COMMUNITY HOUSING DEVELOPMENT ORGANfL4T10NS RE-CERT1FfGAT1ON LIST FOR FY 2©06-07 Updated - OfiM4/07 CHDO ALTERNATE ADDRESS DATE CERT)FIED AIDS Services of Dallas P. O. Box 4338 Dallas, Texas 75208-0338 Office (214) 941-0523 Fax (2'14) 941-8144 ~ ~ ~i ~ ~ / ~! ~ECEIV~D •~AN D i 2DOg Jefferson County Courthouse r.o. eox ao2s Beaumont; Texas 77704 RONALD L. WALKER County Judge ClT y MANAGER'S GFhIGE Beaumont (409) 835-8466 Pt. Arthur (409) 721-2191 Ext. 8466 Facsimile (409) 839-23 t t ~ ~ ~/7/~ 1VIr. Kyle Hayes, City of Beaumont ~ Mr. Steve FitzgibUons, City of Port Arthur C ~~ C '" o ~ Mr. Andre Wimer, City of Part Neches aP y ~' ^ - ~ Mr. D. E. Sosa, City of Groves ~cvhy ~ `.'T Mr: Chris Duque, City of Nederlaztd H - ~ „~~ t ~ °~ yr, a-c January 6; 2009 ~~ ~ -o " ~; r; cn° :~ w w ~ Gentlemen: ; As you have probably already head, Jef:.fea'son County has been allocated approximately $ l .4 million for "Neighborhood Stabilization" via the federal economic stimulus package. Tliis money is to be administered by TDIiCA under guidelines yet to be approved by the federal government: (HUD) and the TDHCA board. It is my understanding that the guidelines will be considered for approval at TDIICA's February 6, 2009 mcetin~. The guidelines are to he posted. on TDI-ICA's tvebsite one week prior to the February 6 meeting. The general parameters of the program can be reviewed by going W the websitc at w~wv.tdhcastate.te.tts and clicking on the "programs" tab at the top. You can then click on "neighborhood stabilization". It is any hope that we can meet nn Monday mominS February 2, 2009 at 9:OOa.m. here at the Commissioner's Courtroom to discuss a wiifred plan for approaching TDHCA with requests for division of the monies. If each of you would review the wcbsite and come to the meeting prepared to discuss your needs l would greatly appreciate it. I would also appreciate you contacting my assistant, Loma George, at 535-8466 to let us know whether or not you will attend. >3y copy of this letter to our County )/ngineer I am asking that he attend, along with our Envirottmental Control Supervisor so that they might identify any needs ut the unincorporated. areas wluch might fall within the program guidelines. tank ~ach9f you in advance for your anticipated cooperation. Ron / $17ti M1LLIUN MAIJI/ AVA1LAtSL1r 1 V 11'.l{AJ 1;111bJ UNLY.IC iVC1Vti13vKrivvL... Yage L or L ~ -` Wlelwme ro TML Online, Na ofieial WeE sae of th Tma Muniapal League TML Online is designed ro Pmvide TML memtxxs wan anadtor gptlen ro iceeP informed aaout league programs and servioas, a~ stay aNaastof the laksl news impacting Tefms dries. WatUr our infamr_atiar}al _vi4~o. ~'~ $178 MILLION MADE AVAILABLE TO k~~ TEXAS CITIES UNDER AlfiBates ~''" NEIGHBORHOOD STABILIZATION , . Business - /) OI• Service Partnero PROGRAM. D,~ i~ f ~;a~r~.. Conferences! - - G'~q/ M,~Jrlj Edu®gon / /r^r/ir InfofPu6s pp Legal As. part of the American Housing and Economic Recovery Act passed on July 30, s,7t cdJ>. f"e 2008, the U.S. Department of Housing and Urban Development (HUD) has / ~ rr ° rr u"~ announced the Neighborhood Stabilization Program, an allocation of $3.92 billion to `' Mem6ershry the states t0 deal with the increased number of home foreclosures. Underthis fi 7 Pdvste Secror smau ciGea program, local governments must use grant money t0 acquire property, demolish and ~4 ,~ „ ` SpecialTML redevelop abandoned properties, and/br offer down payment andcost assistance to 4,/ , /I, ~„ , _ P1O~a"~ low- or moderate-income homebuyers. t/ ~o/ 1 • ~ Aa Texas is expected to receive over $178 million dollars under the Neighborhood Stabilization Program, which is to be distributed as Community Development Block Grant (CDBG) funds to areas hit Hardest by the foreclosure crisis. Of this amount, $76 million is to be distributed in already-determined amounts to areas specified under the program, which include: Hams County, Houston, San Antonio, Dallas, Fort Worth, Dallas County, Tarrant County, EI Paso, Hidalgo County, Fort Bend County, Grand Prairie, Mesquite, Arlington, and Garland. These areas will need fo apply directly to HUD. in order to receive their allocated funds. The remaining $102 million will be allocated to the "state program," and local governments other than those already receiving funds under the program may apply to the state for this money. On October 6, 2D08, HUD released its rules for the implementation of the Neighborhood_StabilizaGon Program. At the state level, the method of administering the $102 million in Texas "state program° funds for local governments has yet to be determined. The Texas Department of Housing and. Community Affairs has announced an input session on the Neighborhood Stabilization Program to be held in Austin on October 15, 2008. League staff is following the process closely; and will provide future updates. TML member eider may use fhe materraf herein /ar any purpose. No other person or entity may reproduce, duplicate; or distrieufe any part o/this document without fhe written authorizaden o/the - Texas Municipal League. Back to Legislative Update Index ®20DB Texas Munidpal League. 1827 Rutherford Lane. Suite 400, Austin. Tens )B754-5128; 512-207- T4oo Lt ~s ~Ir j C/::~ ~t/u ~ /? /` l9~ y I ~~ r' ~~r ~~~rl~i ~~,r/t,lf~~ ,~~t,-,. r'r ~~~ J~ /~• http://www.tml.org/leg updates/legis_update100908h_stabilization.html 10/15/2008 THE NSP SUBSTANTIAL AMENDMENT Jurisdiction(s): State of Texas, Texas Department of Housing and Community Affars Jurisdiction Web Address: http: i%rvrvw. tcfhca. state. Lx. ur NSP Contact Person: Brenda Hul Address: Texas Department of Housing and Community Affairs 221 East 11`s Austin, Texas 78701 Telephone: (512) 305-9038 Fax: (512)469-9606 Email This document is a substantial amendment to the Action Plan for FFY 2008 submitted by the State of Texas. The Action Plan is the annual update to the Consolidated Plan for FFY 2005 through 2009. This amendment outlines the expected distribution and use of $101,996,848 through the newly-authorized Neighborhood Stabilization Program (NSP), which the U.S. Department of Housing and Urban Development (HUD) is providing to the State of Texas. The NSP funds were authorized by the Housing and Economic Recovery Act of 2008 (I-IERA) as an adjunct to the Community Development Block Grant (CDBG) Program. The Texas Department of Housing and Community Affairs (TDHCA) will implement NSP funds, and will work in cooperation with the Office of Rural Community Affairs (ORCA) and Texas State Affordable Housing Corporation (TSAHC) in order to expeditiously deliver and effectively administer these funds. TDHCA will be the lead agency and manage a direct award pool for communities with the greatest need. Land bank trust activities will be coordinated with TSAHC and communities identified in the plan as having the greatest need, and ORCA will co-administer with TDHCA a pool of funds for a second tier of greatest need communities. A. AREAS OFGREATESTNEED Section 2301 of the Housing and Economic Recovery Act of 2008 is the enabling legislation for the NSP and it specifies that NSP funds are to be allocated to areas of greatest need based on: (A)the number and percentage of home foreclosures in each State or unit of general local government- (B)the number and percentage of homes financed by a subprime mortgage related loan in each State or unit of general local government; and (C) the number and percentage of homes in default or delinquency in each State or unit of general local government." Section 2301 (b)(3) Texas identified two tiers of counties with need. Counties with the greatest need are identified as "DirectAllocation" wunties. Remaining counties with significant need aze eligible to apply for a pool of NSP funds and aze referred to as "Select Pool" counties. Texas has used HUD's published methodology for its initial NSP allocations as a base for analysis of need within the State of Texas. However, the Texas NSP formula was developed with three deviations from HUD's methodology: 1) Revised weights for the need factors - 60% for Foreclosure, 30% for Subprime loans, and 10% forAt-Risk loans; _ 2) Grouping of loans 60 to 89 days delinquent with loans greater than 90 days delinquent into a single factor renamed At-Risk, and 3) Use of county to state comparisons due to the availability of most data at only the county level.. Coun foreclosures Coun foreclosure mte ° 60 /o a State foreclosures X State foreclosure rate + Coun sub rime loans Coun sub rime rate a 30 /o a State subprime loans X State subprime rate + Coun loans at-risk Coun a[-risk rate ° 10 /o a State loans at-risk X Slate at-risk rate g County vacancy rate State vacancy rate As stated by HUD, the highest weight is placed on foreclosures, based on the emphasis the statute places on targeting foreclosed homes. However, the Texas methodology places a higher weight on subprime loans than the HUD methodology because of the unique Texas experience. As noted in an article on the Dallas Federal Reserve website, "[In Texas a] major contributing factor to the increase in foreclosures has been the expansion of the originations of subprime mortgages..."' HUD's original formula has been less successful in predicting the areas of greatest need in Texas than in other states. Increasing. the weight given to the key catalyst for foreclosure activity provides a better indicator of greatest need for the State.2 Vacancy rates as measured by 90 day vacant addresses were ~ Dallas Federal Reserve. Fesidenrid Foreclosures in Tesar IkpmY from Naltam(Tre~. Online. Source: htm'/Avww dallasfed ore/ca/enerso2008~? 'Lcl'm. Accessed: Novemher 7, 2006. , ' Pearson camelation comparison otHUD's county foreclosure forecast to Equifax 90-day mortgage delinquenry sample data indicates a comledon of only 0.428 for Texas. The LISC foreclosure dma show a 0.994 cartelation to their delinquenry figures. The Realtyime Real Estate Owned (REO) counrsshow x0.912 correlation to their delinquency figures (the sum oCNotice of Default (NOD), Lis Penden (LIS), Notice of Trustce Sale (NTS) and Notice of Foreclosure Sale (NFS)). 2. used to account for areas most likely to need assistance with the problems associated with abandoned homes due to foreclosure. The raw data utilized in HUD's methodology was updated to the most current data available from a variety of sources: Total Mortgages used to calculate rates was provided by LISC Reseazch and Assessment for counties that contain CDBG Entitlement Jurisdictions, while Home Mortgage Disclosure Act (HMDA) data for the period 2004 to 2007 available from the Federal Financial Institutions Examination Council (FFIEC) was used for the remaining counties. Foreclosures data was provided by LISC Research and Assessment for counties that. contain CDBG Entitlement Jurisdictions, while Real Estate Owned. (REO) data fot the 24 month period preceding' August 2008 from RealtyTrac was used .for the remaining counties. Subprime Loans data was provided by LISC Research and Assessment for counties that contain CDBG Entitlement Jurisdictions, while the sum of all subprime loans originated prior to May 2008 from First American Loan Performance was used for the remaining counties. Ar-Risk data was provided by LISC Reseazch and Assessment for counties that contain CDBG Entitlement Jurisdictions, while the sum of Notice of Default (NOD), Lis Penden (LIS), Notice of Trustee Sale (NTS) and Notice of Foreclosure. Sale (NFS) data for the 24 month period preceding August 2008 from RealtyTrac was used for the remaining counties. Vacancy data was provided by LISC Research and Assessment for counties that contain CDBG Entitlement Jurisdictions and by the United States Postal Service CUSPS) via HUD for the remaining counties. In HUD's methodology, a state's foreclosures, subprime loans,"or at-risk loans figure is adjusted by its forecloswe rate, subprime .loans rate, or at-risk rate, respectively. In keeping with HUD's methodology, the increase or reduction to a county's share of forecloswes, subprime loans, or at-risk loans is limited to no more than 30 percent. A county's vacancy rate difference relative to the state average is limited to the county's proportional share of foreclosures, subprime loans, or at-risk loans by a difference of no more than 10 percent. Each county received a need score calculated based on the formula described above. Those counties encompassing Jurisdictions identified on HUD's formula list, but failing to meet HUD's $2M minimum threshold were given a priority weight in scoring. A minimum need score of 6,500 relates to eligibility to receive a direct Texas NSP allocation. Dollaz amounts for the d'uect Texas NSP allocations were calculated using the formula described above with HUD direct allocationsto CDBG Entitlement Jurisdictions ($76M) added to the Texas State. funds'of $102M for a total of $178M. The total was then reduced by the IO% allowed for administrative costs. The resulting allocation amount was reduced by the published HUD direct awazd less administrative cost. For example, the Texas formula may indicate a total HUD direct and duect Texas NSP allocation of $lOM for County X; however, County X received a HUD d'uect allocation of $7M. Therefore, County X's direct Texas NSP allocation would be reduced to $3M ($lOM minus $7M). In addition,. priority weight was given to counties with Jurisdictions identified as CDBG Entitlement Jurisdictions. These communities currently have mechanisms in place to administer CDBG funds; therefore, the weight is added to account for capacity to quickly implement NSP projects. All counties with a minimum need score of 100 will either. be noted for direct allocations or be eligible to participate as a Select Pool county. The result is reservations for use by eligible entities in 25 counties: Cou Name Direct Texas NSP Allocation Need Score Tarrant $7,320,349 1332D Dallas 4,684,332 10684 Cameron 3,465,632 9466 Bexar 3,150,408 9150 Hidal 0 3,005,258 9005 Hams 2,875;584 8876 Nueces 2,522,253 8522 Collin 2,278,454 8278 Webb 2,025-,812 8026 Travis 2,017,952 8018 Mont ome 1,697,675 7698 EI Paso 1,648,634 .7649 Brazoria 1,566,234 7586 Potter 1,579,681 7580 Jefferson 1,498,945 7499 Denton 1,166,500 7166 Ta for 1,099,259 7099 Williamson 1,066,554 7067 Bell 1064,488 7064 Lubbock 1,057,705 7058 Galveston .1,003,104 7003 N~chita 803,464 6803 Fort Bend 726,857 6727 Ector 699,232 6699 McLennan ~ 647,971 6648 4 ~~~`~ E. ~ Y3 f ~~ ~' ~Y ~~ a.$. a ss - `i. 'r~(v~tt! LS'niilt'~~~. CmIISCiit'H~d ffi$ Qff ~~fl' ridge TIdC ~yd~All ~SI~IdiDg 32~ 3~. Street P'~rt Art~ar, ~'extaa 77 Ph®ne /'F~-a~ fl--9~5-756fl 2 - 3,~0 ## Axle Cargo °i*raaler f'x1Q' S 2,9~!}.lIO Each ~ Z $5,91I1.i)0 Z -Gas powered' high pressure washers $C99.OI! Each ~ 2 Sfl,398.!!0 2 - I=.ockable ~olr Boxes for tran7ers $~71.g41 Each x 2 $9~3.bp ~ - 4,t6titl Watt gas powered Generators $~Z.d!(} Each x 2 ~~Cr4.U0 2 -Power Paint Sprayers System 5789.~D Pack x 2 $1,~'74.6~F} I3onatioas for Chemicals and Supplies Estimated ee-st $~,yif7.5t1 ~'otai Estimated cost of ail-items ~ I9,~l3.fl0 Iflenry Barbosa C.C.C}:P.~t Group President I~i~549~509 Exhibit "C" ~__ ;> ;- C~1~0~ BILL OF SALE and INYf31CE ~uyer~L ~yt~PRo~rQb~.,~+~ Address ~' yC> ~ J cJ ~ . ~- City State z coax Customer's Driver license Number Stock No. GATE ~~~~_ 20 JONES TRAILER SALES 8313 South Kilarney Beaumont, Texas 77705 4Q9-722-6639 CusromeYs Soaal Security Nurnher Vehicle Identification Number TRADE - IN DESCRIPTION License ~r fir'a., l ~ r `~y~p ~y Cash Price ~,~_S-~~-'~~6J Trade In Allowance - StateSafes'fax Tile Fee ' License Fee Documentary Fee SUB TOTAL ' - Cash~Down Payment A documentary fee a not an aflidal tee. A dowmentary tee is nol requkad by law, bu[ may be charged to buyers for hantlliig docurnents and peAOrrnin8~~srelating to Urecbsiig ota sale.Adowmentarytae may not exceed 550.This notice ¢ reguired by Isw. _ ~ ~ ~ ~" ti ~/~ TOTAL DUE -, a -~ _ ~~ ~- - C&H Printirw -885-56?B -FofTin~o ~_~~,r~~_~i~ 7ro.~ l ~/s . , ~ov~ e s _ . . ~~~ ~ ~. _ ~~ y • Aluminum Fenders ,°= + Fully Lighted to D.O.T. Requirements • 2" A-Frame Coupler with Safety Chain e • Plywood Flooring '=`- • 3,500 Ib. Axle ` • Galvalume Steel Roof • Lauan Interior Walls _ ` " + Aluminum Siding ~` - <:: • Front Stone Guard ~ s • Sporty Rear Aluminum Dressing ' • 2,000 Ib. Top Wind Jack • Interior Lighting 'I u h 6Xi0CG i • Long Life LED Tai g is 6X12CGR + 4 Flat Electrical Plug NUMBER 20515 t . F 43 - - 4 ~ ' a ~° ~~.- • PART NUMBER 639 X 15 IN. CLASS II SAFETY C DOUBLE DOOR ~-- --~ f/ _ _ °' •- _ _ '-" A~ a ~. ~ . RAMP DOOR ,` ~ • PART NUMBER 545 1,750 LBS. HUB KIT S-HOLE ~xX ',~ ~ - aa, ~ s 5`" ~~~ °~~ ~ R, g :~~', ~+~ ~ ~a.~ .yam, a - _. ". .: ,, - ~ ~ s~~ ~~ a ,~-, ~ ~~~~ ~~ ~~~ ~- i ~~ ~~~ ~~ s 3 w. ~..::__._ .. T ~ ~~ .~, roducts $2oo and over) MAJOR APPLIANCES ( Purc ass Price: 2-Year Plan 4-Year Plarr a~`: I !Eli ible Pr ducts p o g hep(ns alter manuladurals parts 6 labor warranty ends ' =200 - 3499.E 359 yr sgq,vv ~.Refrigerelore • Freezers ' .:-.t00Xparts and labor coverage - - 3500 - s999.e 369 yr r, 399 vv a~ +~ (.Ondudingsfde•try-sldel -. -". _..~ • Room air conditioners • Up ro $250 food spoilage proMdion from day one =1,000 - 31,499.p 379.3r 6119 ~ _ ~, • Washln machines 0 ~ lover $4001 - ~: • In-home service 6yyre-screened, authorized technkians ~ 31,500 and up 389.e q4q vv • . : Dryers • Overvthe-renge mlerowaves Renrotrelmhureement • - ~ _ -.. • Dishwashers andmore • Covers re-InsroOatron costa . Any 1 major app5ances _ 3159.n • power eu a rotedlon from one rg P day Any 3 mayor app5ances - 3229.vr `r Ranges and cooktaps SMALL APPLIANCES (products $200 and oven Product 2-Year Plan Eligible Products ®~ begins a0er manufacturer's parts 8 lahsr warranty ends AR stnaR eppllaeces s2q,vr • Room'alr conditioners ~ • Carpet steamereand 100X parts and laboccoverage - 3200 Andover.. 1$200-$400) cleaners • $100 food spoilage protection from day one ~ (carrydn service) ~ . . ~: ' - • Countartop,microwaves .: ~ .Hard Floor deanery ~ . •Campact refrigerators .:. ~. ~... •yyine coolers 'Vacuums and more WATER HEATERS MU: Parts Warranty Labor Coverage Plan Price i Eligible Products haglns one'year from date of purchase 6-Year 5cYear 349.E Based on the manufacturer's parts warronty~ ~.';u „, • 100X lahor coverage Imahuladurer Doty covers paM) ~ 9-Year ~ BYeet 359.E • 6-year water heaters :'~~£~ ,„,tf~•rOne-tirrie protluc[replacement if water heater cannot 11•Yeai 11-Year ' 379.E •9-year water lleatera