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12-B Agreed Judgment-Paris Retirement Village & LCAD LAMAR COUNTY APPRAISAL DISTRICT 903-785-7822 FAX: 903-785-8322 521 Bonham P. O. Box 400 Paris, TX 75461-0400 BOARD OF DIRECTORS Chief Appraiser: Phyllis Bryan, RPA, RTA, CCA Don Wall, Chairman Herman Talley, Vice-Chairman Raymond Allen, Secretary Mike Blackburn Terry Christian Appraisal Supervisor: David Funderburg, RP A Collections Supervisor: Pat Loven, RIA February 1,2007 Please find enclosed a copy of the Agreed Judgment between Paris Retirement Village, Ltd. and the appraisal district, signed and filed on January 24, 2007. The value of the Paris Retirement Village, Ltd. was reduced for 2006 from $1,109,920 to $848,960. This will result in a change in tax revenue as follows: Entity Previous New Loss Lamar County $4,915.84 $3,760.04 $1,155.80 City of Paris 6,573.50 5,027.96 1,545.54 Paris ISD 16,116.05 12,326.90 3,789.14 PJC 2,133.27 1,631.70 501.57 I regret the loss of value, but our attorney had advised that just hiring an appraiser who specializes in low income housing would have cost between eight and nine thousand dollars if we went to court, besides the other legal fees and court costs, so the net loss of revenue doesn't seem as bad comparatively. If you should have any further questions in this regard, please do not hesitate to call. Sincerely, ~~<v !j~~ Phyllis Bryan Chief Appraiser Encl. ~-'.". 11",-.'.".."...".......-. ~' .f' '"'" [lj<;t.;;nnUUb/l"KJ ILl U l'M, HARGROVEANDEVA/If.5:, " FAX No,. 5122257B55 P. 003/005., I. . " : +, . I J , , . '.' NO,_ 75365 , ... 'COPY',','," , , , P AIDS RETrREM];NT VIL~AGE. ~ T~ .~ ~' ' s .~. . ~ g .~. ", IN THE :i>XSTRIJ~t 'couRT , ' '. ,.' '. "l, " ':~,: . ~ '. ~~: ';"'"2 ' LAMAR C~~d'E~S ',2::r~ :' , . , , , " , 'c:fr~~ z... ~ 0 . " '. ';j~ N g". ,', \ ' ~~+ C'" CO, 6TH. JUDlC' 'Bis}RI9, ~~ , '" ,., ; ,~J;'~" ~ -<fT1 . . .,~ .rn;:\ 1',,0" .~g '. '. ~ ':tl r'T'I ,.. 't';7cl' . c::.' . :::X:::O: w ,.:><C], "'"'i.' ~ N )> ....(. % I. c.f> . " !... ~." VS. I . , LAMAR COuNTY MPRAlSM l)ISTRICT ' , , AGREED JUDGMENT : I., . ~ TO THE HONORABLE JUDC}E OF SAID COURT~ ., , . .. . CAME ON rOBE BEARD Paris ;Retirement'Village, Ltd.., Plaintiff herem' and the ; . .." ".. I I . I' .' L~ar County Appraisal District. Defendant h~rein, appeaJ.'ing bJ an4 throu&h their- respectj:ve. ", . .". . . . ; , . .. . ; . attorneys of'record. arid ~o~~ed t6: the C91.lrt that th~ p~ties,: her~in de~~i~~ to res~1;e ~d..; ,., , .' . settle the matters in controyersy, and avoid the trouble, ex:pense~uncl;l~intY, of litigation. ~d. . , ha.ve reached an agreement t6 that effec~. ,Having heard these annou:nceme.nts and revie~dtM '. . . , evide~ce and arguments of co~el. the ColJrt is :of the oR~9n 'that s7lch ietins .~d ~Qnditions are , , . ,; n . . \~ieU taken and should fOti:n the basis of judgmt'rit. ( " . l , :, \ . I 'I: I. .\ A .,IT IS THEREFORE QRD,ERET? ADnJDCED AliD DBC~:ED, 'tll.a.t the fql10wmg .:; \, st~pu1atiQns ~e agreed by. the parties and ente~ed by the Court, as its jU~gIDent .. ; , ". I . . ,. 1. The Unde~~ign,ed parties agree ~d. stipulate that b'oM fide cllsputes and contIoYerSi~5 , " , .. I . exist between th~ parti~s concerning the m:ark(3t or appraised vaiu~ bfthe s1l.bje~t PT9perty. These' . $tipu1atkJ!).$axe'ente~ed, 41to by. the parties solely' for the purpose of compro~sing and .sot\:iing their vatious claims; each as to the oth.%'. No other 'lls,e qfthis Stipulation may'be made 'by the. , : .. 1 . ; parties hereto as oon~erns the claim of ehher party as to the oth~r; whether h~ving arisen, in:~e .' . ,\ -." . past> :Ito\~ pending, or to' arise in the future, iuolud.iJ.igj ~th.o~t li.tnitation"subsequeut'd~~putes, as. . , .1: 1 . ',' , , r" ~_._.,,_. ....+...w .....~. U\l:CI22/2G06/FRJ>12 : 10 PM ,HARGROVEANDEVANS, FAX ,No, 512225786'5 \; . , ,p, 004/005, , I ,I I' I' ~ . . , ." . oj. '/' to the,market or apprai$cd y~luc Qfth~,s\lbject property Wi~',Defen&nt!~ ap:p'~aisa.lj1lris~ction . . . '"I ..... . , . inany sub$eQl1ent,years. ,Tilis, agreement is not 5)ltetuied by, ~~~~rp~ as, ~,ac1mls,sion of~e illarket,'Value offb.e subject pt'~perty, tlOt s4a1f s~e be repr$s~nted' by either' Pa:i'o/, ~ 'to ",\ne 'other; , " 1 ' , , . as an admission. Furthet, 'the exisfe.nce, funns', and contents oftbis Agreed' Judgmen:fshin ~6t be .: I \ . l' .' , 1,'" .' '. I'i' ;.' ,'. :'!',' '. , , , , admissible in. any judicial or, 'administratiy~ proceedj,ng as~g!llnst, either ,party exqept as may be ; . . , . , ", ~; I ,,",: .. . .' n~ces~ary to ~nfC\we tJ;\l;I'ter:m$ and conditions qf said ju4gment, either p?trty, a~ 10 '1:he;ofuer, " ., " I . \ 2. PU!su~t, to ~42.41 of the Texaa Prop~ Tai Cbde Defendarlt '~ County/ ' \ ' ,". " ' , · Appraisal District Bh~l revise the 2006 appraisal toll to !!=f1ect the follb~D.g appraised values fot " . .' .. : ' '., . ".1: I I , . ,:: the property descrlbed in Plaintiff's pleadings: Parcel No. Legal D~criptj()'J). . ' ,2000' A,ppraised V all1~ . . 402811 ' , S3l007PARlS ' $&48~960.0Q'; ! ' , , , , RETIREMENT VJLLAGE, , , ' . TRACT L AcREs 9.292, : ; , . ; 3 ,"The und~rsigi:ledpaitieg s1lli1l, as soon' ~s . possible fo1ioWi~g' ~feo~tioD: of ibis , agree~en\ do} or cause their attorneys to do, 'whatever is reason4b1Y n,ecessar;Y t~, effect tbis . . ~ . . ;., . '. ' :' ' a.~e{'l~eptl, jncluding' cbmpiiance . With the pr~visions b:f~ f 42.4'1' tbrou8h' 42,.43 . 6fthe Texas' ., . t . ~ . .,. . .' . j.,'. : . : ','. : . ~'. . . ;':',: ' ; , , , , I ~ ~ ~ ~t01?eity Tax Code, , . .' ". . . : . I .' : . ... ',J . " ., . 4. 'The parties herem acknowledge that' ~4:i.43; Texas PropertyTax Code, proVides 'for , . " I, ':; , ' , , payIDoni of interest' on ;my refUp,d :made as a result o~ a final ~e~ern$Jati.QJJ. 0; a4. appeal ,which , , , , '. .' ~ : '. ~ '~l::' ~ decre~es a property owner's tax liability; how~v~, l?lal:o:tjff ,her~by agrees tq waive 'any sl1<*- '.1 ;. lll?plica'ble,right. t? reteive interest on an~ suc~,refund. , ' . . .. . ". '5. All costs atid attorney fees m:e t~ be home; by:the P:artY incurring same. 6, An other relief D,ot spedfica11y granted herem is ,cienied~ ' , .., 7. This judgment finally dispose~ of all clahus and all parti~s. 2 , ' , ~ : ., , ",' , ; , ; , . I , : ~ } ,I r" ,', ...... V~C/22/2D06/FR] 12:11 ~M HARGROVEANDEVANS FAX No,5122257865 Signed this ~ Lt"'tl--" , day of " ~-:., , ' 200-:J 9J;fF".. !\. JuDGE PRESIDThTG' : 'v , 1 AP!'ROVED 'AS TO 'FORM AND SUB'STANCE: . , PENNINGTON HILL, LLI' 1010 Mus~g Drive,~Ste.l0l Grapevine, Texas 76'051 (811) 48,S-3600 ' (817) 48'8.4545 Fa?s~mye ' By:, ATTORNEY FOR :PLA1N'TM j .' , HARGROVE & EYANS, LLP 1949 Soj,J,th tH.35 (7874D P.O. Box 17428 ' , Austin) T exa,s 78160:' , (5ti)441"667'S (Te1ephonl;) (512) 693"072,8 (Facsimile) By:, . s; h, S~te Bar No~ 06721500 ATTORNEY FOR DEFENDANT, 3 .' ~ . ! . ,p, O~5/005 , " . ,I' -,I .' , : \: , .,' . ' :. ~I " ,I , .. 't : l' :l' \ I ~ . " ,: ; { , ';. I , , , , :.J ( "I' . ~ ! " , " .~. . , . j HARGROVE & Ev ANSj LLP ATIORNEYS AT LAw 4425 MOP AC SOUTH BUILDING 3, SUITE 400 AUSTIN, TEXAS 78735 512/225-7864 FAX 512/225-7865 Jamg. R. EvallS, Jr. Board Certlfled - Civil Trial Law , Texas Board of Legal Speciali$alion January 29, 2007 Ms. Phyllis Bryan, Chief Appraiser Lamar County Appraisal District P.O. Box 400 Paris, Texas 75461-0400 Via Facsimile: (903)785-8322 Re: Cause No. 75365; Paris Retirement Village, Ltd. v. Lamar County Appraisal District Dear Ms. Bryan; Enclosed for your files is a copy of the fully executed, file marked Agreed Judgment in the above-referenced case. With the matter officially closed, you are free to correct the appraisal rolls accordingly. We appreciate the opportunity to be of service. Please let our office know if we may assist you further in any way. Sincerely, Z::ans, Jr Attorney at Law JRE/mgd Enclosure cc: Mr. Kelley B. Hill Pennington Hill, LLP Via Facsimile: 817-488-4545 "r" '.,. .- \ , ",- Pennington Hill, L.L.P. 1010 MUSTANG DRIVE, SurrE 101 GRAPEVlNE, TEXAS 76051 T61: (817) 488-3600 l'::t\x; (817) 488-4545 Fod: WOl"th OHioe; THE FORTWORTI-! CLUB TOWER 777 Taylor Street, Suite 890 Ft. Worth, Texas 76102 K"llcy B. Hill l.hill(i'iJnhhle:\v.co,n Jal11.,lary 2, 2007 James Evans Hargrove & Evans, LLP 4425 MoPae South Building 3, Suite 400 Austin, TX 78735 Re: Cause No. 75365; 61h District Court, Lamar County, TX Paris Retire.ment Village, Ltd. v. Lamar COllnty Appraisal District Dear Mr. Evans: I am returning to you the enclosed Agreed Judgment which I have signed on behalf of my client. It is my understanding that you will submit the Agreed Judgment to the Court for approval by the Judge. Please copy me on yom correspondence to the Couli and also request that J be lJl"Ovided with a conformed copy ofthe Agreed .h.ldgJ.l1ent once it is approved., Thank yon for yo'Ur cooperation and assista.nce in settling this matter, KBH/smd Enclosures I~A~~;~;:m r- ..-