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R2017-095 07-10-2017 RESOLUTION NO. R2017-95 A Resolution of the City Council of the City of Pearland,Texas,authorizing the City Manager or his designee to enter into a Letter Financing Agreement with the Lower Kirby Pearland Management District and a Reimbursement Agreement with the Pearland Economic Development Corporation associated with Lower Kirby Park Improvements and the SH 288 Waterline Project. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That certain Letter Financing Agreement by and between the City of Pearland and the Lower Kirby Pearland Management District, a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is hereby authorized and approved. Section 2. That certain Reimbursement Agreement, by and between the City and the Pearland Economic Development Corporation, a copy of which is attached hereto as Exhibit"B"and made a part hereof for all purposes, is hereby authorized and approved. Section 3. That the City Manager or his designee is hereby authorized to execute and the City Secretary to attest the Letter Financing Agreement and Reimbursement Agreement attached hereto. PASSED, APPROVED and ADOPTED this the 10th day of July, A.D., 2017.-2c249 l/YYI TOM REID MAYOR ATTEST: 07 NG L• F'" T' ,�r / =� j am am Y SE TARY APPROVED AS TO FORM: DARRIN M. COKER CITY ATTORNEY LOWER KIRBY PEARLAND MANAGEMENT DISTRICT c/o Allen Boone Humphries Robinson LLP 3200 Southwest Freeway,Suite 2600 Houston, Texas 77027 June 21, 2017 Mr. Clay Pearson City Manager Resolution No. R2017-95 City of Pearland, Texas Exhibit"A" 3519 Liberty Drive Pearland, TX 77581 Re: Financing for Lower Kirby Park improvements Dear Mr. Pearson: LOWER KIRBY PEARLAND MANAGEMENT DISTRICT(the"District")and THE CITY OF PEARLAND, TEXAS (the "City") entered into a Financing Agreement (the "Agreement") dated February 6, 2014, to provide for the financing and construction of facilities to serve land within the District. The District and the City have determined to proceed with the construction of the Lower Kirby Park improvements (the "Project") in accordance with the Agreement. The City will make all payments related to the Project in the estimated amount of$1,000,000 and as outlined in the construction cost estimate,which is attached hereto as Exhibit"A",and the District agrees to reimburse the City pursuant to the terms of the Agreement. [EXECUTION PAGE FOLLOWS] 665125 This agreement was duly authorized at a meeting of the Board of Directors of the District held on the 21st day of June, 2017. Very truly yours, LOWER KIRBY PEAR ND ANAGEMENT DISTRICT B " By: President, oars of rectors AGREED TO AND ACCEPTED this I 'day o 2017. City of Pea' a , T:. ... / By: C 'an.:er 665125 CLARK CONDON EXHIBIT A Pearland Lower Kirby Ivy Pond 5/23/2017 Landscape Improvements 117-015 Preliminary Cost Estimate Item Qty. Unit Unit Cost Extension Ivy Pond-Modern Green Site Prep&Mobilization Site Prep&Mobilization 1 LS $ 25,000.00 $ 25,000.00 General Conditions 1 LS $ 25,000.00 $ 25,000.00 Permits&Bonds 1 LS $ 50,000.00 $ 50,000.00 TOTAL SITE PREP $ 100,000.00 Demolition Existing Trees Removal 1 LS $ 50,000.00 $ 50,000.00 Tree Protection 1 LS $ 25,000.00 $ 25,000.00 TOTAL DEMOLITION $ 75,000.00 Grading&Drainage Earth Moving 1 LS $ 150,000.00 $ 150,000.00 Drainage 1 LS $ 25,000.00 $ 25,000.00 TOTAL GRADING $ 175,000.00 Utilities Lighting&Electrical 1 LS $ 50,000.00 $ 50,000.00 Site Utilities 1 LS $ 50,000.00 $ 50,000.00 TOTAL UTILITES $ 100,000.00 Hardscape Site Furniture 1 LS $ 40,000.00 $ 40,000.00 Floating Fountains 2 EA $ 60,000.00 $ 120,000.00 Curb 1,500 LF $ 10.00 $ 15,000.00 Curb Ramps 10 EA $ 1,500.00 $ 15,000.00 Concrete Walk-6'width 36,000 SF $ 6.00 $ 216,000.00 Concrete Walk-10'width 1,200 SF $ 6.00 $ 7,200.00 CLARK CONDON Item Qty. Unit Unit Cost Extension Concrete Steps 150 LF $ 50.00 $ 7,500.00 Pedestrian Culverts 100 LF $ 20.00 $ 2,000.00 Bridge Abutments 2 EA $ 20,000.00 $ 40,000.00 Pedestrian Bridges 100' 1 LS $ 250,000.00 $ 250,000.00 Deck Area Overlook 2,100 SF $ 50.00 $ 105,000.00 8'Sloped Concrete Pond Edge 2,500 SY $ 65.00 $ 162,500.00 Playground 1 LS $ 175,000.00 $ 175,000.00 Retaining Walls @ Terrace Area 400 LF $ 150.00 $ 60,000.00 Retaining Wall-Pond Headwalls 150 LF $ 200.00 $ 30,000.00 Arbor @ Terrace Area 2,000 SF $ 75.00 $ 150,000.00 Pavilion 1 EA $ 100,000.00 $ 100,000.00 TOTAL HARDSCAPE $ 1,495,200.00 Softscape Shade Tree-65 gal. 100 EA $ 550.00 $ 55,000.00 Palm Tree 7 EA $ 2,000.00 $ 14,000.00 Ornamental Tree-30 gal. 70 EA $ 250.00 $ 17,500.00 Shrubs and Groundcover 15,000 SF $ 6.00 $ 90,000.00 Fine Grade and Sod 60,000 SF $ 0.35 $ 21,000.00 Fine Grade and Hydromulch 200,000 SF $ 0.08 $ 16,000.00 Irrigation System 275,000 SF $ 1.00 $ 275,000.00 TOTAL SOFTSCAPE $ 488,500.00 SUB TOTAL $ 2,433,700.00 10%CONTENGENCY $ 243,370.00 SOFT COSTS $ 192,050.00 TOTAL IVY POND $ 2,869,120.00 (1 (MTh, ( ; P'• • . 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Noe _, _w xi '1 n1 �l u.1 M a.5 x� ar ow • W / 4 't .,. ...11511 • z it l •.. ; •(t 111\ �- (1 Yap. ` ,� - ' t151t1;, 7 / V�,'/ p IIUI�- r4 ,,41) // r wo 1•S/ AD Pi!i ��5 z<n�zmznnm30'i rz0 c Bi pe 9�nzz9.69S � w mmw mmmtoiNNH �...s ` -� �. hi 4~ 0 m iZ _, w .o ( _G, _ 1— �!:• .'.o4 rp O D SQ D 01 O 11.11 m 0 1 00 TT Z.gmy NAA Cl z d ■ f '' LOWER KIRBY PEARLAND MANAGEMENT DISTRICT c/o Allen Boone Humphries Robinson LLP 3200 Southwest Freeway, Suite 2600 Houston, Texas 77027 October 19, 2016 City Manager City of Pearland, Texas Resolution No. R2017-95 3519 Liberty Drive Exhibit "B" Pearland, TX 77581 Re: Financing for SH 288 Waterline Extension To Whom it may concern: LOWER KIRBY PEARLAND MANAGEMENT DISTRICT(the"District")and THE CITY OF PEARLAND, TEXAS (the "City") entered into a Financing Agreement (the "Agreement") dated February 6, 2014, to provide for the financing and construction of facilities to serve land within the District. The District and the City have determined to proceed with the design and construction of the SH 288 waterline extension(the"Project") in accordance with the Agreement. The City will make all payments related to the Project in the estimated amount of $189,000 and as outlined in the construction cost estimate, which is attached hereto as Exhibit "A", and the District agrees to reimburse the City pursuant to the terms of the Agreement. This agreement was duly authorized at a meeting of the Board of Directors of the District held on the 19th day of October, 2016. Very truly yours, LOWER KIRBY PEARLAND MANAGEMENT DISTRICT By: C.-\.- P0 President, Board of Directors AGREED TO AND ACCEPTED this I., day o ► AI .A 201 . City of Pe. . rIzcas By: 'a'y M. ager 622994 EXHIBIT A UA Engineering,Inc PRELIMINARY ENGINEER'S ESTIMATE FOR: CLEAR CREEK WATER LINE AND MISCELLANEOUS CITY OF PEARLAND,TEXAS ESTIMATE BY: ANC ESTIMATE DATE: 8/30/2016 LJA JOB NO. 2549-0000 WATERLINE IF NO CASING IS REQUIRED UNDER CLEAR CREEK WATER LINE&MISCELLANEOUS $ 114,800 SUBTOTAL $ 114,800 CONSTRUCTION $ 114,800 CONTINGENCIES(10%) 11,500 ENGINEERING&TESTING(18%) 22,700 TOTAL $ 149,000 ALTERNATE BID IF CASING REQUIRED WATER LINE&MISCELLANEOUS $ 173,300 SUBTOTAL $ 173,300 CONSTRUCTION $ 173,300 CONTINGENCIES(10%) 17,300 ENGINEERING&TESTING(18%) 34,300 TOTAL $ 224,900 Page 1 of 2 UA Engineering,Inc PRELIMINARY ENGINEER'S ESTIMATE FOR: CLEAR CREEK WATER LINE AND MISCELLANEOUS CITY OF PEARLAND,TEXAS ESTIMATE BY: ANC ESTIMATE DATE: 8/30/2016 LJA JOB NO. 2549-0000 UNIT TOTAL COST ITEM DESCRIPTION UNIT QUANTITY COST COST WATER DISTRIBUTION 1 8"PVC WATER PIPE,C-900 DR 18,ALL DEPTHS LF 650 $ 30.00 $ 19,500 2 8"REST.IT.PVC WATER PIPE,C-900 DR 14,ALL DEPTHS LF 350 50.00 17,500 3 BORE&JACK 8"WATER LINE,DOES NOT INCLUDE PIPE* LF 260 125.00 32,500 4 FIRE HYDRANT,ALL DEPTHS, EA 3 3,450.00 10,350 5 8"GATE VALVE&BOX EA 2 1,000.00 2,000 6 AIR RELEASE VALVE WITH MANHOLE EA 1 10,000.00 10,000 7 TRENCH SAFETY SYSTEM,ALL DEPTHS LF 740 5.00 3,700 8 REMOVE AND RELOCATE FH AND CONNECT PROP WL EA I 250.00 250 9 REMOVE EXIST PLUG AND CONNECT PROP WL EA I 200.00 200 10 UTILITY SPOILS CY 225 4.00 900 11 CAST IRON FITTINGS TON 1 3,500.00 3,500 SUBTOTAL WATER DISTRIBUTION ITEMS S 100,400 MISCELLANEOUS ITEMS I REMOVE AND REPLACE EXISTING FENCE LF 240 $ 20.00 $ 4,800 2 STORM WATER POLLUTION PREVENTION LS 1 1,000.00 1,000 3 BRACE POWER POLES EA 3 1,000.00 3,000 4 FILTER FABRIC FENCE LF 1,480 1.50 2,220 5 HYDROMULCH SEEDING,FINE GRADING,WATERING AC 1 1,400.00 1,400 6 STABILIZED CONSTRUCTION EXIT EA 1 2,000.00 2,000 SUBTOTAL MISCELLANEOUS ITEMS S 14,400 CLEAR CREEK WATER LINE ESTIMATE SUMMARY SUBTOTAL WATER DISTRIBUTION ITEMS $ 100,400 SUBTOTAL MISCELLANEOUS ITEMS 14,400 TOTAL CONSTRUCTION AMOUNT S 114,800 CONTINGENCIES(10%) 11,500 ENGINEERING&TESTING(18%) 22,700 TOTAL $ 149,000 'SCALED APPROXIMATION OF BORE&JACK PRICE ASSUMES NO CASING REQUIRED AND IS BASED ON BID TAB FROM VALERIE MARVIN DATED MAY 21ST FROM TOM BASS PARK WATERUNE ALTERNATE ESTIMATE IF CASING REQUIRED 1 ALTERNATE PRICE IF 16"STEEL CASING REQUIRED IN LIEU OF LF 260 350.00 91,000 ITEM 3 ABOVE SUBTOTAL WATER DISTRIBUTION ITEMS $ 158,900 SUBTOTAL MISCELLANEOUS ITEMS 14,400 TOTAL CONSTRUCTION AMOUNT S 173,300 CONTINGENCIES(10%) 17,300 ENGINEERING&TESTING(18%) 34,300 TOTAL ALTERNATE ESTIMATE 5 224,900 'SCALED APPROXIMATION OF BORE&JACK PRICE ASSUMES NO CASING REQUIRED AND IS BASED ON BID TAB FROM VALERIE MARVIN DATED MAY 21ST FROM TOM BASS PARK WATERLINE Page 2 of 2 8 U O N N I r.r ...4., i. (� Z 2 A 1111 I (5WI i WU 3 A 11 4 O cp 1 b 2 2 1;it . t t 1 WI I{ 1 ti • a� 4koav ��s h . , .\............:\I n U q in t N O 2 t i 8. ",.././.2 k7.4Y,:dtV7 C CD i 10 .. CD in M wN- O E a U i ../ r I VIA ) — In witness whereof, the parties have hereunto set their hands and signatures on the date first above mentioned. PEARLAND ECONOMIC DEVELOPMENT CORPORATION a Texas nonprofit corporation I � By: ;` , �� Luc'Stevener Vice Chair tI CITY OF PEARLAND, a Texas m ci•aI corporation By: Cla l earso' , City Maria, -r ATTEST: QRLq4f'', You . Lorfi J ='-° mil_ .; = Cit secret. " 4 REIMBURSEMENT AGREEMENT LOWER KIRBY PARK AND 288 WATERLINE CONNECTION �This Agreement is entered into this lD day o' , 2017, by and between the CITY OF PEARLAND. TEXAS (hereinafter ' Sy"), _ d the Pearland Economic Development Corporation (hereinafter "PEDC"). WHEREAS, the PEDC is a Type B economic development corporation, created pursuant to Chapter 505 of the Texas Local Government Code, as amended; and WHEREAS, the City and PEDC desire the construction of the Lower Kirby Park (hereinafter, "Park Improvements") and the 288 Waterline Connection (hereinafter, water Improvements"). The Park Improvements and the water Improvements shall collectively be referred to as the Improvements; and WHEREAS, the Improvements represent an infrastructure project located partially within the boundaries of the Lower Kirby Pearland Management District ("LKPMD"); and WHEREAS, Section 501.103 of the Texas Local Government Code (hereinafter"Code"), in pertinent part, defines the term "project" to mean "expenditures that are found by the board of directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises, limited to: (1) streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements; (2) telecommunications and Internet improvements . . ."; and WHEREAS, Section 505.152 of the Code authorizes the expenditure of PEDC funds for projects related to Recreational or Community Facilities which includes public parks; and WHEREAS, the PEDC desires to fund a portion of the construction of the Improvements; and WHEREAS, the City has entered into a Development Agreement with America Modern Green ("Developer") to finance the cost associated with the Improvements; and WHEREAS, the City is eligible for reimbursements from the LKPMD for the costs associated with the Improvements; and WHEREAS, the PEDC Board of Directors previously approved funding for the Improvements at its June 22, 2017 meeting; and WHEREAS, City and PEDC desire an agreement to set forth their respective responsibilities with regard to the Improvements and reimbursement of said costs. WITNESSETH: NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, it is hereby agreed as follows: 1. In accordance with the Development Agreement, Developer will be responsible for financing $1,900,000 of the design and construction of the Park Improvements described in Exhibit "A" attached hereto. The total cost of the Improvements is estimated to be $2,900,000, as itemized in Exhibit "B" attached hereto. PEDC shall fund an amount, estimated to be approximately$1,000,000, an amount equal to the actual cost of the Improvements exceeding $1,900,000, as defined in the Developer Agreement with Developer ("PEDC Participation Amount"), which shall be paid to City in installments or a lump sum amount. The timing and amount of the payment shall be determined at sole discretion of the City, but in no event shall the total payments exceed the actual cost of the Improvements. 2. In accordance with the Development Agreement, Developer will be responsible for financing the design and construction of the 288 Water Improvements described in Exhibit "C" attached hereto. The total cost of the Improvements is estimated to be $225,000, as itemized in Exhibit "D" attached hereto. PEDC shall fund an amount, estimated to be approximately $189,000, equal to its proportionate share of the actual cost of the Water Improvements, as defined in the Developer agreement with Developer ("PEDC Participation Amount"), which shall be paid to City in installments or a lump sum amount. The timing and amount of the payment shall be determined at sole discretion of the City, but in no event shall the total payments exceed the actual cost of the Improvements. 3. This Agreement shall be contingent upon City and LKPMD entering into a Financing Agreement whereby City agrees to pre-finance the Improvements in return for LKPMD's agreement to reimburse the City for the costs associated with the Improvements ("Reimbursable Fund Payment"). Within 90 days following City's receipt of the Reimbursable Fund Payment from LKPMD, City shall make payment to PEDC, in an amount equal to the Reimbursable Fund Payment, as reimbursement for the PEDC Participation Amount. 4. The initial term of this Agreement shall be for a period of eighteen (18) months, commencing on the day of June 26, 2017, and may be renewed as needed until the Improvements are substantially complete. 5. This Agreement may only be amended, modified, or supplemented by written agreement and signed by both parties. 8. No assignment by a party hereto of any rights under or interests in this agreement will be binding on another party hereto without the written consent of the party sought to be bound; and specifically but without limitation moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and 2 unless specifically stated to the contrary in any written consent to an assignment no assignment will release or discharge the assignor from any duty or responsibility under this Agreement. 9. Nothing herein is intended to supersede or waive any City ordinance or regulation pertaining to such construction. 10. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is prohibitive or invalid under applicable law, such provision shall be ineffective to the extent of such provision or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 11. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of Texas. 12. To accomplish execution of this Agreement, it may be executed in multiple counterparts. 13. The Parties agree that any suit arising out of or related to this Agreement shall be filed in Brazoria County Texas. 14. All notices which are required or may be given pursuant to this Agreement shall be in writing and shall be sufficient if delivered personally or by first class mail, postage prepaid, return receipt requested, or by a nationally recognized courier, to the parties and their attorneys at the addresses set out below or such other addresses as the parties or their attorneys may hereafter notify one another: If to City: City of Pearland Attn: Clay Pearson, City Manager 3519 Liberty Drive Pearland, TX 77581 If to PEDC: Pearland Economic Development Corporation Attn: Chairman 1200 Pearland Parkway, Suite 200 Pearland, TX 77581 Notice delivered in accordance with the terms hereof shall be effective upon receipt. 3 In witness whereof, the parties have hereunto set their hands and signatures on the date first above mentioned. PEARLAND ECONOMIC DEVELOPMENT CORPORATION a Texas nqn profit corporation By: /f/ . t-44/(---(212 LucStevener Vice Chair CITY OF PEARLAND, a Texas m jci al corporation By: CIa earso , City Mana r ATTEST: You�,• Lorfi V �(�- _ Cit .ecret % /\ `y 4