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R2005-0065 04-11-05RESOLUTION NO. R2005-65 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, APPROVING THE 2004 ANNUAL REPORT FOR TAX INCREMENT REINVESTMENT ZONE #2. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That the annual report for Tax Increment reinvestment Zone #2 is hereby approved. PASSED, APPROVED and ADOPTED this the 11th day of April A.D., 2005. TOM REID MAYOR ATTEST: UNG Y S'TRETARY APPROVED AS TO FORM: 0.1 Pr. cs--- DARRIN M. COKER CITY ATTORNEY REINVESTMENT ZONE NUMBER TWO CITY OF PEARLAND, TEXAS Annual Report Fiscal Year Ending December 31, 2004 liAkUPP‘ SHADOW CREEK RANCH TABLE OF CONTENTS Pearland City Council .ii TIRZ Board of Directors iii Description of the Zone 1 Purpose of the Zone 1 State of the Zone and Plan Implementation in 2004 ..2 Tables Table A, Taxing Entity Percent Participation 2 Table B, Base Values by Jurisdiction 3 Table C, Revenue by Jurisdiction 3 Table D, Project Plan & Reinvestment Zone Financing Plan Budget 4 Table E, Developer Reimbursements 10 Table F, Estimated Captured Appraised Value by Jurisdiction 12 Table G, Projected Gross Revenue Available for TIRZ Projects 13 Appendices Exhibit 1, Exhibit 2, Exhibit 3, Exhibit 4, Exhibit 5, Exhibit 6, Exhibit 7, Zone Boundary Map Village 1, Phase lA Street Paving/Monument Locations Village 1, Phase IA Water & Sanitary Sewer Line Locations Village 1, Phase IA Drainage Locations Village 1, Phase IB Street Paving Locations Village 1, Phase 1B Water & Sanitary Sewer Line Locations Village 1, Phase 1B Drainage Locations Exhibit 8, Sapphire Bay Drive & Additional Village 1, Phase 1B Street Paving Locations Exhibit 9, Sapphire Bay Drive & Additional Village 1, Phase IB Water & Sanitary Sewer Line Locations 22 Exhibit 10, Sapphire Bay Drive & Additional Village 1, Phase 1B Drainage Locations 23 Exhibit 11, Additional Village 1 & 2 Street Paving & Park Locations 24 Exhibit 12, Additional Village 1 & 2 Water & Sanitary Sewer Line Locations 25 Exhibit 13, Additional Village 1 & 2 Drainage Locations 26 Exhibit 14, Village 1 & Village 2, Phase 2 Street Paving & Park Locations 27 Exhibit 15, Village 1 & Village 2, Phase 2 Drainage Locations 28 Exhibit 16, Remaining Village 2, Phase 2 Street Paving & Park Locations 29 Exhibit 17, Remaining Village 2, Phase 2 Water & Sanitary Sewer Line Locations30 Exhibit 18, Remaining Village 2, Phase 2 Drainage Locations 31 14 15 16 17 18 19 20 21 Exhibit 19, Village 3, Phase 1 & 2 Street Paving & Park Locations 32 Exhibit 20, Village 3, Phase 1 & 2 Water & Sanitary Sewer Line Locations 33 Exhibit 21, Village 3, Phase 1 & 2 Drainage Locations 34 Exhibit 22, Village 3, Phase 3 Street Paving & Park Locations 35 Exhibit 23, Village 3, Phase 3 Water & Sanitary Sewer Line Locations 36 Exhibit 24, Village 3, Phase 3 Drainage Locations 37 Exhibit 25, Kingsley Drive, Phase 3 Street Paving & Park Locations 38 Exhibit 26, Kingsley Drive, Phase 3 Water & Sanitary Sewer Line Locations 39 Exhibit 27, Kingsley Drive, Phase 3 Drainage Locations 40 Exhibit 28, Kingsley Drive, Phase 4 Street Paving & Park Locations 41 Exhibit 29, Kingsley Drive, Phase 4 Water & Sanitary Sewer Line Locations 42 Exhibit 30, Kingsley Drive, Phase 4 Drainage Locations .43 Exhibit 31, Village 5 Street Paving & Sanitary 44 Exhibit 32, Village 5 Water & Sanitary Sewer Line Locations 45 Exhibit 33, Village 5 Drainage Locations 46 Exhibit 34, Primary Entry Land Costs 47 Exhibit 35, Fire/Police Station Land Cost Adjustment 48 Exhibit 36, Regional Nature Park Location 49 Exhibit 37, Village 3, Phase 4 Street Paving & Park Locations 50 Exhibit 38, Village 3, Phase 4 Water & Sanitary Sewer Line Locations 51 Exhibit 39, Village 3, Phase 4 Drainage Locations ..52 Exhibit 40, Village 4, Phase 1 & Reflection Bay North Street Paving and Park Locations .53 Exhibit 41, Village 4, Phase 1 & Reflection Bay North Water & Sanitary Sewer Line Locations 54 Exhibit 42, Village 4, Phase 1 & Reflection Bay North Drainage Locations 55 Exhibit 43, Traffic Signal at Shadow Creek Parkway and Kingsley Drive Location 56 Exhibit 44, Parks & Trails Grading & Infrastructure Locations 57 COMPLIANCE Texas Tax Code Section 311.016: (a)(1) ...2 (a)(2) 3 (a)(3) 9 (a)(4) 10 (a)(5) 11 in CITY OF PEARLAND, TEXAS CITY COUNCIL 2004 Council Members Mayor Hon. Tom Reid Mayor Pro -Tem Hon. Woody Owens Council Member Hon. Richard Tetens Hon. Larry Marcott Hon. Kevin Cole Hon. Charles Viktorin City Manager William Eisen Deputy City Manager Alan Mueller REINVESTMENT ZONE NUMBER TWO CITY OF PEARLAND, TEXAS BOARD OF DIRECTORS Position I Position 2 Position 3 Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 2004 Board Members iii Donna Coleman State Senator Designee Gary Davis State Representative Designee Nigel Harrison, Chair City of Pearland Designee Gary Cook, Vice Chair City of Pearland Designee Vacant City of Pearland Designee Jo Knight City of Pearland / Alvin Independent School District Designee Mike Pyburn Alvin Independent School District Designee Ron Castillo Fort Bend County Designee Larry Loessin Brazoria County Designee • DESCRIPTION OF ZONE In accordance with the Tax Increment Financing Act (Chapter 311, Tax Code), Reinvestment Zone Number Two, City of Pearland, Texas (the Zone) was established by Ordinance 891 of the City Council of the City of Pearland, Texas on December 21, 1998. The Zone, also known as "Shadow Creek Ranch", consists of 3,467 acres located in Brazoria County and Fort Bend County, Texas. In addition, the Zone is located in Alvin I.S.D. (AISD), Fort Bend I.S.D. (FBISD) and a small portion in Pearland I.S.D. (PISD). The Zone is generally bounded by Clear Creek on the north, State Highway 288 on the east, County Road 92 (the extension of FM 518 west of S.H. 288) on the south and FM 521 on the west. A map illustrating the boundaries of the Zone follows on page 13 as Exhibit 1. PURPOSE OF ZONE The objective of the Zone is to facilitate quality mixed-use development with a self- sustaining tax base for the City of Pearland (the City), and the other participating taxing entities. The City Council, in adopting the ordinance creating the Zone, found that the development described in the Project Plan and Reinvestment Zone Financing Plan (the Project Plan) would not likely occur, to the quality, standards and densities described in the Project Plan, but for the creation of the Zone. The City Council further found that improvements in the Zone will significantly enhance the value of all taxable real property in the Zone and will be of general benefit to the City. The Zone will pursue its objective by acting as a financing vehicle for regional public improvements, as described in the Project Plan. The methods of financing and the !on sources of funding available to the Zone, including the participation levels of the various participating entities, including the City, Brazoria County, Fort Bend County and Alvin ISD, are described in the Project Plan. lac u r ■1 1 1 1 1 1 1 1 1 1 STATE OF THE ZONE AND PLAN IMPLEMENTATION IN 2004 1. The information provided in this section is in accordance with § 311.016 (a) (1) of the Texas Tax Code, which requires inclusion of the amount and source of revenue in the tax increment fund established for the zone. In addition to the City's tax increment revenue, interlocal agreements with Brazoria County, Fort Bend County and Alvin ISD provide for each taxing unit's participation in the Zone. The Project Plan also allows for the participation of Brazoria Drainage District No. 4 and Fort Bend Independent School District, though neither is currently participating. Current levels of participation are detailed in the Project Plan. A schedule outlining the varying levels and lengths of participation appears in Table A. TABLE A Taxing Entity Zone Years Percent Participation City of Pearland 1 - 3 100 % 4-8 100%(a) 9-30 100%(b) Brazoria County 1 -30 38 % Fort Bend County 1 - 10 100 % 11-20 75% 21 -30 50 % Alvin I.S.D. 1 - 30 100 % (c) (a) 36 % to be repaid as an Administrative Cost, provided never more than $ .255 / $100 (b) 64 % to be repaid as an Administrative Cost, provided never more than $ .44 / $100 (c) 75 % to be used by AISD for constructing educational facilities The obligations of the participating taxing jurisdictions, as defined in their respective interlocal agreements, include the timely deposit of tax increment into the City's tax increment revenue fund. Table B illustrates the growth in appraised value from base year to tax year 2004 for each participating jurisdiction. Table C illustrates the amount of the City's incremental revenue, which is due to the increment fund. These amounts are based upon a 100% collection rate and are in accordance with the Development Agreement between the City and Shadow Creek Ranch Development Company (the Developer). 2 Each participating taxing unit remained in compliance with its respective interlocal agreement in 2004. TABLE B Base Market Value by Jurisdiction * Base Taxing Entity Year 1998 City of Pearland Brazoria County Fort Bend County Alvin ISD Base 2004 Change Value Value 7,172, 980 258,290,690 251,117, 710 4,143,160 252,185,610 248,042,450 3,029,820 6,105,080 3,075,260 4,143,160 252,185,610 248,042,450 * The information in this table was provided by the Brazoria and Fort Bend County Appraisal Districts. TABLE C Cly 4P.Aaad 77RZ Na 2 rag Arsuraut Reuww Paid laMacv 17 Tear (1) Year 1999 2000 2001 2002 2093 2.01 City ofPeariardRevenue 3 45,111 (2) $ 46,413 (2) S 47,443 (2) $ 67,388 $ 167,897 S 753.905 36% Rebate roCity for AtriuisrrnrrveCosts $ - $ - $ - $ (23.221) $ (60,353) $ (299.311) lramria County Revel's, S • S - S - S S S 159.854 Alin LSD Reveare (3) S - S S $ 10,969 S 207,479 S 229,941 Other Reverser (4) S S $ S - S 4,130 S 00,981 Pore lewd Corry Revenue S 9 S - S - S - S • Expnuainam)brZaneAdriristeaaon S - S - S - S - S (118.244) S (154.203) -4aaadPaul Magma $ 45,111 S 91,524 S 134,9417 f 194143 S 395,112 S 1,166,179 (1) Some: City of Peached, Texas. (2) Note dist in years 1999 through 2001. revenue was reponcd net of expenditures. From year 2002 Conyers!, gross revenue will be repotted, along with rebates to the City (36%). and other expenditures. (3) Nae that Alvin ISD revenue is reported net oldie 75% rebate back to Alvin ISI). (4) Includes developer supplemental payments. interest earned and other adjustments. Note: Based upon the 2004 captured appraised value. 4 is estimned that the Brazoria County tax increntea revenue for 2004 will be approximately 8120457. Note: Based upon the 2004 captured appraised value. it is estimated that the Fon Bend County tax increment revenue for 2004 will be approximately 8270.570 after 75% rebate 2. The information provided in this section is in accordance with § 311.016 (a) (2) of the Texas Tax Code, which requires inclusion of the amount and purpose of expenditures from the fund. The Board of Directors of the Zone has been granted by City Council, in accordance with Section 311.010 of Texas Tax Code, the power to administer, manage, and operate the Zone and to implement the Project Plan. The Zone was created for a duration of 30 years, or until dissolved by the City. The total cost of the public improvements within the Zone, as outlined in the Project Plan, amounts to $294,482,034. Of this amount, the City will fund $35,471,061 worth of improvements, and the Texas Department of Transportation (TXDOT) will fund another $10,277,050 worth of improvements. The Zone will fund the remaining improvements, which amounts to a cost of $248,733,923. These costs are detailed in the Project Budget, which was approved and adopted as part of the Project Plan, a copy of which follows as Table D. 3 TABLE D Budget Status as of December 31, 2004 Items TIRZ Budget as approved on August 23, 1999 Previously Authorized Projects per LFA as of Dec. 31, 2004 Remaining Budget (1999 Dollars) INFRASTRUCTURE Streets Pavement Sidewalks Landscaping and Irrigation Entry Monuments Water System Wastewater System Storm Sewer System Lakes & Channels Improvements Land Cost Parks & Recreation Improvements Land Cost Major Improvements Water Plants Land Cost W.W.T.P Lift Station Traffic Signals McHard Rd Reimbursables Miscellaneous Signal SH 288 Access Road Contingencies & Engineering Contingencies (10 %) Engineering (15 %) Subtotal ZONE ADMINISTRATION/CREATION TIRZ Administration (1-3 yrs.) Reimbursable TIRZ Creation Costs 2002 Annual TIRZ Administration ($175,000) (3) 2003 Annual TIRZ Administration ($175,000) (3) 2004 Annual TIRZ Administration ($175,000) (3) Subtotal TOTAL CITY FACILITIES Library Improvements Land Cost Fire / Police Station Improvements Land Cost Subtotal EDUCATIONAL FACILITIES AISD Elementary School AISD Jr. High School AISD Fresh/Soph Campus FBISD Elementary School FBISD Middle School Subtotal GRAND TOTAL $ 12,610,050 $ $ 1,859,400 $ $ 9,675,350 $ $ 735,320 $ $ 3,026,863 $ $ 6,940,964 $ $ 10,195,776 $ $ 29,121,916 $ $ 4,597,889 $ $ 5,155,524 $ $ 2,383,545 $ $ 20,000 $ $ 340,000 $ $ 300,000 $ $ 600,000 $ $ 150,000 $ $ 100,000 $ $ 1,000,000 $ $ 8,181,116 $ $ 11,274,211 $ $ 108,267,924 $ $ 466,000 $ $ 900,000 $ $ $ $ $ $ $ $ 1,366,000 $ $ 109,633,924 $ $ 2,395,000 $ $ 105,000 $ $ 2,255,000 $ $ 245,000 $ $ 5,000,000 $ 10,706,840 1,392,840 7,424,408 735,320 $ 3,112,320 6,297,984 8,429,627 $ 1,903,210 $ 466,560 $ 2,250,942 $ (85,457) $ 642,980 $ 1,766,149 27,916,563 $ 1,205,353 4,296,504 $ 301,385 3,814,323 $ 1,341,201 737,907 $ 1,645,638 340,000 300,000 200,000 $ 20,000 $ $ 400,000 150,000 $ 100,000 $ $ 1,000,000 7,092,022 10,004,998 93,051,656 313,079 (2) 882,434 100,940 (4) 121,249 (5) 176,148 (6) 1,195,513 94,247,169 604,286 604,286 $ 41,600,000 $ 1,064,900 $ 21,450,000 $ $ 34,050,000 $ - $ 11,000,000 $ $ 26,000,000 $ $ 134,100,000 $ 1,064,900 $ 248,733,924 $ $ 1,089,094 $ 1,269,213 $ 15,216,268 $ 152,921 $ 17,566 $ 74,060 $ 53,751 $ (1,148) $ 170,487 $ 15,386,755 $ 2,395,000 $ 105,000 $ 2,255,000 $ (359,286) $ 4,395,714 $ 40,535,100 $ 21,450,000 $ 34,050,000 $ 26,000,000 $ 133,035,100 95,916,355 $ 152,817,569 (1) 'LFA' stands for Letter Finance Agreement. (2) The Board authorized LFA's for the first three years (1999 - 2001) for Zone Administration ($175,000/year per Exhibits G & H, pages 34-37 of the TIRZ Project Plan and Financing Plan). This figure represents actual expenditures through December 31, 2001, leaving an authorized, but unexpended balance of $152,921. (3) Annual TIRZ Administration budget amounts of $175,000 as authorized by Exhibits G & H, Pages 34-37 of the TIRZ Project Plan and Financing Plan. This line item has no effect on the project budget totals, subtotals or grand total. It is included for illustrative purposes only. (4) This figure represents actual expenditures through December 31, 2002, leaving an authorized, but unexpended balance of $74,060. (5) This figure represents actual expenditures through December 31, 2003, leaving an authorized, but unexpended balance of $53,751. (6) This figure represents actual expenditures through December 31, 2004. 4 Ami ■ ■ 1 1 1 1 1 1 1 1 1 TIRZ-)handed Projects: • TIRZ Creation & Organization Letter Financing Agreement was approved by the Board of Directors in June 2000. Of the authorized budget of $900,000, only $882,434 was expended; • 1999 Zone Administration Letter Financing Agreement was approved by the Board of Directors in June 2000. Of the authorized budget of $175,000, only $117,877 was expended; • 2000 Zone Administration Letter Financing Agreement was approved by the Board of Directors in June 2000. Of the authorized budget of $175,000, only $98,530 was expended; • 2001 Zone Administration Letter Financing Agreement was approved by the Board of Directors in April 2001. Of the authorized budget of $175,000, only $96,672 was expended; • 2002 Zone Administration Letter Financing Agreement was approved by the Board of Directors in November 2001. Of the authorized budget of $175,000, only $100,940 was expended; • 2003 Zone Administration Letter Financing Agreement was approved by the Board of Directors in March 2003. Of the authorized budget of $175,000, only $121,249 was expended; • 2004 Zone Administration Letter Financing Agreement was approved by the Board of Directors in October 2003. Of the authorized budget of $175,000, $176,148 was expended; • Primary Entry Monument and Gateway Development Improvements, a $919,150 project initiated in November 1999, was completed on July 17, 2001; • Village 1, Phase lA Improvements, a $6,524,629 project initiated in February 2000, has provided street and sidewalk paving, landscaping and irrigation, water and storm sewer systems, lakes and channels, entry monuments for Kirby at FM 2234 and miscellaneous public improvements along FM 2234. By the end of 2002, construction was complete. Specifically, construction of the lakes and channels was completed on March 1, 2002. Installation of the water and storm sewer systems and street paving was completed on March 13, 2002. Construction of the landscaping, irrigation, entry monuments for Kirby at FM 2234 and miscellaneous public improvements along FM 2234 was completed on May 15, 2002. Maps illustrating the location of these improvements follow on pages 16 through 18 as Exhibits 2, 3 and 4; 5 • Village 1, Phase 1B Improvements, a $10,318,290 project initiated in October 2000, has provided street and sidewalk paving, landscaping and irrigation, water and storm sewer systems, lakes and channels, entry monuments, interim wastewater treatment and land costs for the first sections of single-family development. This project delivered the first four sections of lots (225) to the development. Construction of the lakes and channels was completed on May 9, 2002. Construction of the interim wastewater treatment plant, Phase 1, was completed on June 3, 2002. Construction of the water lines, storm and sanitary sewer systems and paving were completed in 2003. Installation of the landscaping, sidewalks and irrigation, as well as construction of the parks and recreation improvements was completed in 2003. Maps illustrating the location of these improvements follow on pages 19 through 21 as Exhibits 5, 6 and 7; • Sapphire Bay Drive and Additional Village 1, Phase 1B Improvements, a $1,967,061project initiated in April 2001, has provided street and sidewalk paving, landscaping and irrigation, water and wastewater systems, storm sewer systems, an interim drainage channel, entry monuments at Sapphire Bay Drive and Kirby Drive and land costs. This project serves four additional sections of lots (308) within the development. Construction began in November 2001, and was completed in 2003. This includes construction of the street paving, water and waste water systems, storm sewer systems and interim drainage channel. Maps illustrating the location of these improvements follow on pages 22 through 24 as Exhibits 8, 9 and 10; • Additional Village 1 and Village 2 Improvements, a $23,412,925 project initiated in November 2001, will provide street and sidewalk paving, landscaping and irrigation, water and wastewater systems, storm sewer systems, lakes and channels, entry monuments, greenbelts and parks for Village 1, Phases 2 and 3, as well as Village 2, Phase 1. Additionally, this project will provide for construction of Channels A 128-01-00 and A 128-00-00, a diversion channel, entry monuments at Shadow Creek Parkway and Trinity Bay, land costs for the Fire/Police Station and engineering for the Master Drainage Plan and the FEMA Conditional Letter of Map Revision. Construction began in August 2002 and will be completed in early 2005. Maps illustrating the location of these improvements follow on pages 25 through 27 as Exhibits 11, 12 and 13; • Village 1 and Village 2, Phase 2 Improvements, a $3,324,623 project initiated in August 2002, will provide paving, lake improvements, traffic signalization at the intersection of Kirby Drive and Shadow Creek Parkway. This cost includes $1,064,900 in land acquisition costs for an Alvin ISD school site. Construction began in August 2002, and will be completed in early 2005. Maps illustrating the location of these improvements follow on pages 28 through 29 as Exhibits 14 and 15; • Shadow Creek Interim Wastewater Treatment Plant, an approximately $510,000 project which was funded by the TIRZ with the City awarding and managing the 6 ■ ■ 1 1 1 1 1 1 1 1 1 1 1 1 contract, was completed in June 2002. The interim wastewater plant was removed from service in October 2003; • Remaining Village 2, Phase 2 Improvements, a $6,887,692 project initiated in October 2003, will provide street paving, water distribution systems, wastewater systems, storm water drainage systems, lake and channel systems and park construction. Construction began in October 2003, with completion expected in early 2005. Maps illustrating the location of these improvements follow on pages 30 through 32 as Exhibits 16, 17 and 18; • Village 3, Phase 1 and 2 Improvements, a $7,120,454 project initiated in October 2003, will provide street paving, water distribution systems, wastewater systems, storm water drainage systems, lake and channel systems and park construction. Construction began in November 2003, with completion expected in mid 2005. Maps illustrating the location of these improvements follow on pages 33 through 35 as Exhibits 19, 20 and 21; • Village 3, Phase 3 Improvements, a $7,030,769 project initiated in October 2003, will provide street paving, water distribution systems, wastewater systems, storm water drainage systems, lakes and park construction. Construction began in January 2004, with completion expected in mid 2005. Maps illustrating the location of these improvements follow on pages 36 through 38 as Exhibits 22, 23 and 24; • Kingsley Drive, Phase 3 Improvements, a $3,217,602 project initiated in October 2003, will provide street paving, water distribution systems, wastewater systems, storm water drainage systems, lake and channel systems and park construction. Construction began in March 2004, with completion expected in mid 2005. Maps illustrating the location of these improvements follow on pages 39 through 41 as Exhibits 25, 26 and 27; • Kingsley Drive, Phase 4 Improvements, a $4,090,267 project initiated in October 2003, will provide street paving, water distribution systems, wastewater systems, storm water drainage systems, lake and channel systems and park construction. Construction began in February 2004, with completion expected in early 2006. Maps illustrating the location of these improvements follow on pages 42 through 44 as Exhibits 28, 29 and 30; • Village 5 Improvements, a $6,432,314 project initiated in October 2003, will provide street paving, water distribution systems, wastewater systems, storm water drainage systems and enhancements to the lakes and channels system. Construction began in September 2003, with completion expected in early 2006. Maps illustrating the location of these improvements follow on pages 45 through 47 as Exhibits 31, 32 and 33; 7 AR LirJ • Primary Entry Land Costs, an $81,225 project initiated in July 2004, will provide funding for the land costs associated with the acquisition and construction of the development's primary entry at Shadow Creek Parkway and 288. A map illustrating the location of this project follows on Page 48 as Exhibit 34; • Fire/Police Station Land Cost Adjustment, a project initiated in July 2004, will adjust the estimate of project costs as found in the Zone's Project Plan and Reinvestment Zone Financing Plan to reflect $605,000 for the land costs and $1,895,000 for the improvements. A map illustrating the location of this project follows on Page 49 as Exhibit 35; • Regional Nature Park Improvements, a $669,000 project initiated in July 2004, will provide for a regional nature park along Clear Creek. Construction began in October 2003, with completion in Late 2004. A map illustrating the location of this improvement follows on page 50 as Exhibit 36; • Village 3, Phase 4 Improvements, a $7,213,186 project initiated in July 2004, will provide street and sidewalk paving, parks, water distribution systems, wastewater systems, storm water drainage systems, and lakes and channels. Construction began in April 2004, with completion expected in late 2005. Maps illustrating the location of these improvements follow on pages 51 through 53 as Exhibits 37, 38 and 39; • Village 4, Phase 1 and Reflection Bay North Improvements, a $2,948,968 project initiated in July 2004, will provide street and sidewalk paving, entry monuments, water distribution systems, wastewater systems, storm water drainage systems and linear parks. Construction began in October 2004, with completion expected in late 2005. Maps illustrating the location of these improvements follow on pages 54 through 56 as Exhibits 40, 41 and 42; • Traffic Signal at Shadow Creek Parkway and Kingsley Drive, a $253,000 project initiated in July 2004, will provide traffic signalization at the intersection of Shadow Creek Parkway and Kingsley Drive. Construction is expected to begin in February 2005, with completion expected in mid 2005. A map illustrating the location of this improvement follows on page 57 as Exhibit 43; • Parks and Trails Grading and Infrastructure, an $885,500 project initiated in July 2004, will provide grading for linear parks and trails, as well as storm water drainage systems. Construction began in November 2005, with completion expected in early 2005. A map illustrating the location of this improvement follows on page 58 as Exhibit 44; • As stated in the 2003 Annual Report, marketing and economic considerations compelled the Developer to re-examine alternative vehicles for funding internal infrastructure improvements within the Zone (Public Improvement Districts or "PIDs" versus Municipal Utility Districts or "MUDs"). Following discussions 8 with the City and representatives of the development and financial communities, the Developer determined that MUDs, rather than PIDs should be the funding vehicles of choice. The City Council approved creation of up to six MUDs on February 12, 2001. In April 2001, the Zone's Board of Directors approved this change. City Funded Improvements: • Construction of Shadow Creek Parkway Sanitary Sewer Improvements — Phase I, a $1,967,059 project, was completed in November 2001; • Design of Shadow Creek Parkway Sanitary Sewer Improvements — Phase II, an approximately $1.5 million project, was completed in December 2002. Construction was substantially completed by December 2003; • Construction of Economic Development Agency (EDA) Grant Project No. 2A, a $536,994 project to build a 20 inch water line (second source) along McHard Road west of FM 521, was completed in October 2001; • Construction of EDA Grant Project No. 2B, a $2,160,888 project to build the Shadow Creek Ranch Water Plant, began in August 2001, was completed in November 2003; • Construction of the Far Northwest Wastewater Treatment Plant, a $9,021,563 project, was completed in February 2003. TXDOT Funded Improvements: • No TXDOT funded projects were initiated in 2004. The projections in the Project Plan were based on data prepared in the last quarter of 1998. Delays in the final Project Plan adoption process, approval of the Master Drainage Plan, marketing and economic considerations, and weather contributed to a delay in the commencement of major construction activity. As a result, the Developer reported approximately 691 home sales, 649 home starts and 672 closings in 2004. 3. The information provided in this section is in accordance with $ 311.016 (a) (3) of the Texas Tax Code, which requires inclusion of the amount of principal and interest due on outstanding bonded indebtedness. In accordance with the Development Agreement between the City, the Zone and the Developer, which was adopted September 13, 1999, the Developer received its first reimbursement for project costs advanced on behalf of the Zone in 2004. The Zone's auditor, Null-Lairson, PC, performed an audit of the costs as of September 30, 2004 that are associated with letter financing agreements for Zone Creation, Primary 9 Entry Monumentation, and Public Improvements for Village A - Phase 1A, Village 1 - Phase 1B, and Sapphire Bay Drive. The Zone Board approved the auditor's reimbursement report, which included the project costs plus interest as illustrated in the following Table E: TABLE E Anomie App. v.d for Developer Relwl....r b MMAM m' Aelea Per 15Ls lsan Fiaeare Ajnewear (LFA) Project Nash LFA Dee LPA Ansa& Arad C. Merest (2) Tea/ IeMe/ Zm,e Creation A Organi;otion NA 06/1900 S 900.000 $ 882,131 f 352.199 S 1.231,933 f 36 Primary Ener Mawawsewaalna d Gateway 99-11-001 1148.99 $ 919.150 (1) $ 919.150 $ 284.813 $ 1.203963 f 201 Village 1. Phare IA 00-01001 02/21/00 S 6,521.629 $ 1.160.628 5 1,009.664 $ 5.110,292 5 912 Village 1. Phase 18 00-10402 1009,00 $ 10.314290 5 (4435,775 $ 1.65(4876 $ 1(4086,651 $ 1.849 Sapphire Bay Darr & Additional Village. Phase IB 0141401 04/2341 $ 1.967461 f 630.249 $ 117.755 5 748.004 5 138 $ 24129,131 $ 14128,236 3 3,41507 $ 1544,1,143 (1) Actual corp exceeded the anrwn of the LFA. Per the governing agreements, reimbarrensew is limited to the amount of the LFA. (2) Interest as as September 30, 2004. On October 5, 2004, the Zone, the City and the Development Authority of Pearland entered into an agreement whereby the Development Authority of Pearland is to issue bonds and make approved reimbursements from the City's tax increment fund. On October 5, 2004, the City and Zone Board each approved total reimbursements to the Developer of $18,443,843. The Developer was reimbursed $11,283,000 from the proceeds of the sale of bonds by the Development Authority of Pearland. Project Costs were reimbursed in the order of the Letter Financing Agreements listed above in Table E. The Zone has no outstanding bond indebtedness. Therefore, no principal or interest payments were due or made. The initial debt service payment on the Bonds by the Pearland Development Authority is due in 2005. 4. The information provided in this section is in accordance with § 311.016 (a) (4) of the Texas Tax Code, which requires inclusion of the tax increment base and current captured appraised value retained by the zone. In each year subsequent to the base year, the Zone will receive tax increment revenue based on ad valorem property taxes levied and collected by each participating taxing unit on the captured appraised value of the Zone. The captured appraised value of the Zone is the total appraised value of all real property located within the Zone, less the tax increment base value. Because the pace of development is unpredictable, and because the Project Plan provides a best estimate of captured appraised values, the actual captured appraised value in any future year may not equal the estimates of such value. As of January 1, 1998, the base year for the Zone, the area encompassed by the Zone was undeveloped land, with a total appraised (market) value of $7,172,980. On January 1, 2004, the area encompassed by the Zone had a total appraised (market) value of $258,290,690. As a result, the total captured appraised (market) value on the tax roll as 10 r r 1 1 of January 1, 2004 was $251,117,710 for the City, as illustrated in Table B. Note that the total appraised (market) value of $258,290,690 does not include partially constructed homes in existence as of January 1, 2004. When such partially constructed improvements are taken into account, the total appraised (market) value has been estimated to be $287,885,610. 5. The information provided in this section is in accordance with § 311.016 (a) (5) of the Texas Tax Code, which requires inclusion of the captured appraised value shared by the municipality and other taxing units, the total amount of tax increments received, and any additional information necessary to demonstrate compliance with the tax increment financing plan adopted by the governing body of the municipality. As previously stated, the City, Brazoria County, Fort Bend County and Alvin ISD are the only taxing units currently participating in the Zone. As of December 31, 2004, development schedules remained unchanged from projections in the Project Plan and the total captured appraised value in the TIRZ as of January 1, 2004 was $251,117,710. The total amount of tax increment revenue received is detailed in Table C. Neither the Captured Appraised Value Projections, nor the Gross Incremental Revenue Projections as approved have been amended or revised. Copies of each appear as Tables op G and H; however these may be revised in the future. ow at oso z t (This report was written in accordance with the provisions of Chapter 311.016 of the Texas Tax Code) 11 r ME ® ® ® I N ® IMO NM 1 • -"EL, gra • Harris County Harris County , , 40 40 • am um • • • • • • • • • • MN ftei 1E1 Ilk TA Brazoria County 1 r _ 1 1 1 1 1 1 1 1 • 4r • • r ��1• wINN ONE — WIN — Nil ----- EMI -- NMI MRII. NMN■MI MI MI UM • • INIII NM MN — — MI Page 14 Exhibit 1 A MI MO 11.11 1 L_1 li —11 J = E 11111 1 I 1 I A Altfti I I I i PASSVIOUSSY Alrrn0R0'!9 PROPOSED twn7Tm I ESI 0 MI I 0 • • l00.0.V. OTOS ar PAVEMENT 1St USX .rm 2.25'M\91I1,7 SECTIONS 9100.0.W. stn( 1.-17 PAY/94112ft 55" 170113 (Y XNC. WCATTTM Of 57TOET 374\71.1 LEGEND 71709051/0 FUTURE I I 1 1 I I tint 2-'9 rennwiew SECT)O?5 (9'00l4C) t!d 11097._ /JURE 9T0)F7ONC. Of 0055100 RICHARD TOAD Yb ROW VIM 472 UTi35 AND A IS mRTIROU M TORN SAM; . PWM410' P770' MO:'GML`rT REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE ONE PHASE ONE "A" IMPROVEMENTS STRSIGNALS EETS 'PARKS PROJECT NO. 00-01-001 Page 15 IJ+Erejn.«inae(E 1.14 2929 Brlaryark Dr Ivo 'hone 7 13. 555. 5200 Sunt* 500 tc. 717.953.5026 Houston. Texas 77042-3703 TOa17IT A! OD -Di -coil nJ4 R? INE -SON !NM, JP. 11. soon Exhibit 2 ® ME M I MIIII M 20. W.L BY CITY OF PEARL AND FUTURE WATER PLANT BY CRY OF PEARLANO //1 7, CLEAR r'. C.R. 92 PRPlIOLISLY AVRNR® POOR:MD LEGEND FLTYLO6 WATES L66 SANTMSC SEISES LO.Z ♦ LIFT TATO ■ IN RFDA S NFCJ TRRATMFAT NCOMPROPC005) SASELOY Walt :ROOM CAV T[T6 916/ar 6 MHO DROOP= AND CC06TRUCTIO m CITY OF MUSD. Ni' BY C PEARLANO REINVESTMENT ZONE NO. 2 CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE ONE PHASE ONE 'A" IMPROVEMENTS WATER AND SANITARY PROJECT NO. 00-01-001 L.S A BvI '� • ig & &n"lt L JA 2929 blorp .* 11.1w Shoo 717.9513700 SuIN SOO Fm 7119510020 1100010'O 71509 TT002-5102 mIIRIT II? 05110111/ 16i- 1541.000 1061,. L 11.2000 Page 16 Exhibit 3 = EN N I I N I M = 1.1111 INN C.R.92 t1/39RO rnv PPLIPDAD ?AMUR! N7775W® LEGEND C STORM 3612111 wa7 DATENT'ON AREA DIS' DSRi7RDN ARTA d5M7Ul. 115.7,0212.9715S5 REINVESTMENT ZONE NO. 2, CM OF PEARTAND, TEXAS SHADOW CREEK RANCH VILLAGE ONE PHASE ONE 'A" IMPROVEMENTS DRAINAGE PROJECT NO. 00-01-001 w�Enaileceng & Surrey/4 Inc Lit 2955 SriSlyork Orin Plans 713. 553. 5201 Sults 500 Foe 713. 953. 50A Roo.,on. 7.001 77052-3707 5001115 I10. 00-01 b0111J XII Pa ION -f000 I017F..lsc 11, 7-000 Page 17 Exhibit 4 108-111N• MA 14 NOS REINVESTMENT ZONE NO. 2, CITY OF PEARIAND, TEXAS SHADOW CREEK RANCH - PM NMI INN NM INN 1E11 NE 11111 MIN NMI 1E11 11111 Ell NMI NMI 111-- 4NMI IA llav Irtt. r • AMR \1111 1 Y: PAVTMI..I SW IV1M for ttlf qui +lt n,SI*VN'I SICIpIM C 4117.0. MIN • pr ll.l.W {x114 7-75'n1ITLIMI 7R:7V1111 K COW') MV ILO" - - I lllt1AF VIMNINI. tM dRtTMki WHAM MAD W AO% enc. 4 171ANs 041l A Wt t.81 IJ()Ilf '11Jgn- Uti' WNIRT 710:41-1..01 VILLAGE ONE PHASE ONE B IMPROVEMENTS STREETS, PARRS /NO thrum* 111-1w A/A 71 M/111 !II» 1110 ht 71 OA,1141 IYsheb Tlrs T1044M ser m Page 18 Exhibit 5 111.11 N = N N 1 M N M 11 ® On , r REINVESTMENT ZONE NO. 2, CITY OF YEARI AM), TEXAS SHADOW CREEK RANCH VILLAGE ONE PHASE ONE N IMPROVEMENTS WATER AND SANITARY Vt�_K Brew Mons TIL t•. Ms I� °00T 77042-370r� ns sa gas 1 i 1 WMT � � nnw 0.sMa Page 19 Exhibit 6 NE MN N M MN 11111 1 NS N MS E N IIMI REINVESTMENT ZONE NO 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE ONE PHASE ONE B IMPROVEMENTS DRAINAGE L,NWi�rMilRM+wi�Min L Ir t 1.1MM MIN /10 Why Fa i 11.. NM MI r��n Tam MO -1M _IT r• 1 -bb w.w IMO am mem Page 20 Exhibit 7 1111 OM 1011 MN 11.1 IIIII ME IIIIIII IIIIII 7 l RAO I tw a.W, .Nr Rrtnv.airN 2 IS 1AVnnnr A7tltrR4 naao.Mn1 2 7SMN3A0n 321,11045 (7 OONL) LEGEND MIN INN RD.*.wn+ 3-W447140R 6(.1X* t2' COM" N7 ROW.- FVIU4 I704T'12 M NOSUHU 1.11:34M ROAD i3 RO.R Writ 4 QIAN6 ANO A trU24114410tn TURN SAM' 174IRY 1.1021414721 A REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH SAPPITIRE BAY ANT) AI)1)ITIONA1. VILLAGE ONE PHASE ONE B STP,EEPS AND PARI LMBM..+a assr.ft Ira 1. 1,1 ifs Ilinerpirk a -r. 'Pro 7111•LrL LIN 300 Fat 7111.110.11114 RRa♦Iw 74•444 7100-3110 mon A PE 3f 141.l111 line 4 Page 21 Exhibit 8 11.1 MN NM IME MIN PPI.IPPNIAID UNITAAT StOlk ONLMw4YW4l) IO&$, MAIM PPTAATYIVPll IIATTT Illi PPOPOSID SN ITAR./ StTPLI PI.t)Mt*) )ORM MAIN . PTTPOSED LOT STATION PYRNM S5T.M TWATMPAT MANY LEGY-ND PPOPOQTD TATO! LIPS CRY NATO" LINT MA)MKH) WATAR DANT REINVESTMENT ZONE NO. 2, CITY OP MARI AM), TEXAS SHADOW CIC RANCH S.APPy1RE ItAY INUVE AIl) ADMIT -INA' VN 'ADE ONE PI USE ONE B WADDL AND SANITARY SEWER t.wgrai..rr&Waft ria `J., ��1rP/ItI erM PARI. Di 1113.17101 --TTM_SfID Fee Tllia 1111 =IMMO las v. ismisim limas Page 22 Exhibit 9 iii PM — NM MINI — MIN La — 111.11 IIIIN } Yy, Page 23 REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CRIEK RANCH SAJThIRE MY DRIVE AND ADDmONAL YILIAGk ONE PNASk ONk 0 IMPR(YVEMINT T)RAINA(:0 L11 Iftlirmete Sm.% Ma LA MS Sults rrv. Plum ilS0N Fhl SUL w.+.* Arm T -Tl MINT — ION Mb Nabs= IMPS Exhibit 10 M I 111111 I = M M IIIE M — k l ROW MTN ]•S 1MVT),ONT 1&CTk)NY {OTC :TIT 2 $ 10131011 Qrrt[1N( I- fYly I p_ +r• LEGEND MIN • fN s r a. TOT I 'as TMVD 1D T .11(71( 10 fS fTM' + .r 010R- [VW*, 11Mhvai f)) )XRTTJC VC1N1n Roan B ROW WITH u.• 1wN7S M 1 * & *Y1MTW110, 1102 I 422 tNTYT * 5.M.24 STREETS AND PARKS REINVESTMENT ZONE NO. 2, CITY OF PEARIAND, TEXAS SHADOW CREEK RANCH ADDITIONAL VILLAGE 1 AND VILLAGE 2 IMPROVEMENTS PROJECT NO. 01-11-002 LJAErotsetc tTElmira 1e LJt »a rIwpr• Or Iry The. 111.113. face SAN 100 is Tf1.'S3.f00S Ra.1M Term 17012-1701 DIM*, O 'i OW Page 24 Exhibit 11 M N I === MN MN I N— I l--- N m NW. .. IN, 1111•0sLv ALITMO QD O COSTING SANITARY SIMI2 CMTMN, INTFMIN treAM:f TICATNINT MAA? DCKT,NC WATTA LW tfSTD . l•TY SATTt Lr, LEGSND FICIOIND • wtm NlT 4MiAv1 •tete PROM IVT WATT,. Nt/Mnv, wATTI MANT fY.Trilt tkMtTAUT liflR • II:r1fM IRT ITATIM: ---- FVIIIAl WATF2 IDC FVTT.O IFATt. MMR m N N WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2, CITY OF PEARIAND, TEXAS SHADOW CREEK RANCH ADDITIONAL VILLAGE 1 AND VILLAGE 2 IMPROVEMENTS PROJECT NO. 01-11-002 WA Ergpeortg&> LJ� Tm rises. ylA. Prom 111 Thi WOO Sul to 1100 /01 TS 3. I. l021 mu.TT TFIp. 71042-3T63 ELM' III T Page 25 Exhibit 12 'ROW vN% ERT UETTNT+UN k * c24.414`1R 601110VvulxTI wT2101 �..� DRAINAGE REINVESTMENT ZONE NO. 2. CITY OF PEARTAND,TEXAS SHADOW CPJ±K RANCH ADDITIONAL VILLAGE 1 AND VILLAGE 2 IMPROVEMENTS PROJECT NO. 01-11-002 2121 Fo. 713. PM 520C •6O lot w1 ECO Ta .13.13. SW< TSra ..0.2-IT33 2i1t11. r 1— - '/.-Ir 1004 Page 26 Exhibit 13 hifi R R ,x111110 pun V, ....11410..1. _ nr 1!.116 61111 I W_M1 13!-I106f5 _Mal/ 6 all 2 .• rA\!Mlr1; 41'. I011 I' CO, 1610 AS. LEGEND • ter 4115; orn l :.21V0T1061. 01.711(06 It CMR-, 50 ROW - 11 111.11£ wmtra C Or [)ISTD:; 1404A501. ROAD x411. 6r111 60IA60 AMD A 11 (01a1161O(rW ,1,111,1 NM! TM.2211; 51C1.1161 03 STREETS AND PARKS REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILIAGE 1 AND VILLAGE 2 PHASE 2 IMPROVEMENTS PROJECT NO. 02-08-001 L11A G' Saknwina Inc. IA 3321 Orlarpv4 Orlvw P1gr19 ?r3. 3.5100 Suite 600 Fox 1r3.951.7026 Rwrtpn Twos )?012-3203 ib1161, go [J0610 IYID Page 27 Exhibit 14 N I IIIIII M I MN 1111111 N NE E N 1 11111 1 E IMO raw- ow1 IVVIo' Y I.FGEND F6fl6111Q1 rrItTlfilT 1161066 %R6'N dipRT 2lT{Ifl1W M 1 f 16v26r2 /Y6rriT V e.1't DRAINAGE cc N Vl REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 1 AND VILLAGE 2 PHASE 2 IMPROVEMENTS PROJECT NO. 02-08-001 LJA ErcineaI+p & 8urefict tr. `,14 212' OF WOO' R Or 1.1. A,m lre iI1153. 3200 e 600 Fax 711.953.00h MOWton. 70606 T2062-1207 O0116IT O Page 28 Exhibit 15 EN MN NM N I NM M NM En N 11111 1 EN I E MN EN E MS EO ROW WTTM 20' PAVEMENT SO' ROW WIM 2.2S PAVEMENT SECTIONS ?OD ROW WTI 2.25 PAVEMENT SECTIONS IT CONC 1 PARK AREA MEND tar ROW WIT112. 25' PAVEMENT 8ECTLONS IS' CONC.1 MO ROW - FUTURE wroetipoc OF EXISTDAS MCMARI) ROAD tee ROW WmTM•. IT LANES ANO A 1t CONTINUOUS 'TURN LME LICYUOA Nt SCALE r •1SDOFEET STREETS AND PARKS REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH REMAINING VILLAGE 2 PHASE 2 IMPROVEMENTS PROJECT NO. 03-10-001 LJA 6 glowed / i 1LLFveyM/e Ise. 1A Ihsral o• mason mum* OaaRt l0 X• 11M1L- Page 29 Exhibit 16 i 11111 MIN® iii NM i• MN N IVAI f• 11111 MI -- 1 PREVIOUSLY AUTHORIZED EXIS SANITARY SEWER EMS. INTERNI SEWAGE TREATMENT PLANT EXIS WATER LINE EXIS. WATER PLANT LEAENO PROP. SANITARY SEWER PROP. WATER LINE MIRE Ci, FUTURE SANITARY SEWER FUTURE LIFT STATION FUTURE WATER LINE ..1 SCALE T= 790 FEET WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH REMAINING VILLAGE 2 PHASE 2 IMPROVEMENTS PROJECT NO. 03-10-001 WA EnONIN.dng & Surveying, Ina 111 XMONavolits• rum e Amo ➢01ao 0/148(" 10 1 Ian Page 30 Exhibit 17 E M r NE r EN 1 MN E MN M 11111 LA -11 L i 1 L_ 1 -MilirdAavs- camel a ,A•m* • 44404, 474r1P moii 710 r. °Wu* --APP CLEAR N FL R a �A^I \'-* f#4111 IL*N Atli/ IFIF II11 Wkilat 61 ''I? ir. y4i4kfrit-- .1111 UMW II i ar 11. rPir•vmg MGM PylousLY as QReP PgQ?Q$ D FIZTURE 0 0 0 C:1 ® o c STORM SEWER WET OETEN?TON AREA DRY DETENTION AREA CHARNEL VROYEMENTS SCALE. 1' 9WfEET DRAINAGE REINVESTMENT ZONE NO. 2. CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH REMAINING VILLAGE 2 PHASE 2 IMPROVEMENTS PROJECT NO. 03-10-001 & surveying, hoe. ,14 Oil St OIL Page 31 Exhibit 18 NMI — — — — — iI M — — ! f• i• iI i1 i• — — — rik.• 4 j!r,,, , /4j 1 'woe 4 11.4 ,..„ r♦ / • Atm& . SO' ROW VATH 2e PAVEMENT INN SP ROW WPM 2.25' PAVEMENT SECTIONS 100' ROW WITH 2.25' PAVEMENT SECTIONS (>• CONC.I PARK AREA LEGEND IOD ROW VAN 2.2S PI W EEd@R SECTIONS Ir CONC., IW ROW - FUTURE WIDENING OF COSTING MCHARD ROAD 700' ROW WITH 4- 1r LANEs AND A 14* CONTINUOUS TURN LANE MOA JMFNT SCALE I-•IWOf (ET STREETS AND PARKS REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 1 AND PHASE 2 IMPROVEMENTS PROJECT NO. 03-10-002 LJA Engineer* Z Surveying, Ino. IA 'r. r . .ozr r.Iin _n -o AM IC Page 32 Exhibit 19 N — — M M — l i♦ M = M — — — PREMOUSLY AUTHORIZED EXIS. SANITARY SEWER EXIS INTERRISEWAGE TREATMENT PLANT EXIS WATER LINE EUS. WATER PLANT eeOFoRED LEGEND PROP SANITARY SEWER PROP. WATER LINE Forum - FUTURE SANITARY SEWER Ej: FUTURE LIFT STATION FUTURE WATER LIN: 1 SCALE • 500 FT TT WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 1 AND PHASE 2 IMPROVEMENTS PROJECT NO. 03-10-002 LJA EngineorIng & 6nrveyIng, Inc. IA mWeer Miatkill W M mem 4.1.11m 1110.14f Mein I- I MY Page 33 Exhibit 20 11111 NMI NE 11111iiiii• EN M EN N 11111 Ell NM INN 1 EN 11111 iiia LEGEND EEMOGISLY NITHORIEED PROPOSED fUT11$E 0 STORM SEWER WE- DETENTION AREA DRY DETENTON AREA °IMPEL IMPROVEMENTS SCALE T• SCOFE[T DRAINAGE REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 1 AND PHASE 2 IMPROVEMENTS PROJECT NO. 03-10-002 LJAIbugInsecIng & Surveing,l.c. IA Sown mwee. 0.0111110- Page io Page 34 Exhibit 21 1-A It—I1 MIN INN INN MI 111111 11•11 NM 11111 EMI UN 111E1 EN NE EB ROM WITN 2rPAVEAENT 08 ROW MRN 2.25 PAVEMENT SECTIONS 108 ROM WTTN 2.25 PAVEMENT SECTIONS (1' CONC PARK AREA LEGO P 10C ROW WRN 2 - 28 PAVEMENT SECTIONS (S CONC1 1E8 ROW - FUTURE WIDENING Of EXISTVIG MCWRG ROAD 100 ROW WITN a .17 LANES AND A 14' CONTINUOUS TURN LANE MONUMENT .1 SOME r • 1900 FEET STREETS AND PARKS REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 3 IMPROVEMENTS PROJECT NO. 03-10-003 *4* Enelmeting a Surveying, hie. IA SOD= On 1.0.140 604•R NO JOa1Q ' Oa1{ Page 35 Exhibit 22 N I IIIIIIiii -- MN— N— 111111 M M M INIII NoNforry FR, imt/ illorpt*In..:1 Atinettilin irat u.nrn.iLY EMS. SANITARY SEWER DOS *ITEM SEWAGE TREATMENT PLANT EMS WATER LNE GO EMS. WATER PLANT ERIGED LEGEND PROP SANITARY SEWER PROP WATER LWE FlaURE FUTURE SAVTARY SEWER g FUTURE LMT STATION FUTURE WATER LINE SCALL ,'•,lW.EET WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 3 IMPROVEMENTS PROJECT NO. 03-10-003 LJA ItAgineedR. s airvivilleg, bee- IA fatala /a .6 alto LOW! MO '-P [o+n Page 36 Exhibit 23 ice■ NM — — — I — — — MIN ii• MIN MN — — — , ii.,, . i---,ro-Amik.......!..-....,,, # ft&.1maraws,tvilh- i,(4.4,A.Akani ... _ . . . 6 iim 1 • i Jr:4V I 1--- - Wal- vil ri 1 iWifl fil vAtt4: .,,c, ail 0. — Ali Volifto, "Arabi Apt ornifv4Aviiiii altilbialli 11111: LEGEND esEYKIVALY AUmc$IZED DOSED FIUME C:1 ED CI Cl STORM SEWER WET DETENTION AREA ORY DETENTION AREA CHANNEL IMPROVEMENTS DRAINAGE REINVESTMENT ZONE NO. 2. CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 3 IMPROVEMENTS PROJECT NO. 03-10-003 LJA Englna.iln f Ear ..,, Inc. Waft.. oar OMI! NO. Page 37 Exhibit 24 h — —111111 IIS NM IN N Mil M = I I♦ — Q W ROW WTM 2E PAVEMENT - IG ROW WTI 2 - 25' PAVEMENT SECTIONS _ NG RDW IMTN 2.2S PAVEMENT SECTIONS (T CONC.X Q PARR AREA LEGEND _ ID0 ROW WITH 1.25' PAVEMENT SECTIONS (T CONC.) _ 1 0' ROW . FUTURE VAOEN ING OF EXISTING MCNARD ROAD - 100' ROW WITT • • 17 LANES AND A 11' CONT1HIp{S TURN LANE BALE ''• 1300FEET STREETS AND PARKS REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH KINGSLEY DRIVE PHASE 3 IMPROVEMENTS PROJECT NO. 03-10-004 E.M► Ongla .Fm, i ..F..,i_Y, inc. I/4 Page 38 Exhibit 25 INN — iiia — ® I i♦ N I M NIII N NM M NIN 1 I. e 11 Va ‘ ti* fhb 'IOW MUM PREYKIUSLY SECHORZED EXIS SANITARY SEWER EMS INTERIM SEWAGE TREATMENT PLANT EMS WATER LME %' (XIS WATCH PLANT PROPOSED 4ES'TEND PROP SANITARY SEWER PROP WATER LME ARE FUTURE SANITARY SEWER [{i FUTURE LWT STATION FUTURE WATER LME J SONEI••'SOO FEET WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2. CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH KINGSLEY DRIVE PHASE 3 IMPROVEMENTS PROJECT NO. 03-10-004 WA tng1...Fdng & Surveying, Mn.. 1A mop. um Almon \.r•�40 ' MB VI Page 39 Exhibit 26 MI — — — iIMMII MI MN I I 1 MNI WA NMI — EAR sw. giv•ir( LEGEND rnEviOIJELY AUTHORIZED Pft4P4SEQ MIRE STORM SEWER OWET DETENTION AREA II DRY DETENTION AREA - Q CHANNEL NWROVELEMS 1 SCALE 1.• SOD SRt DRAINAGE REINVESTMENT ZONE NO. 2. CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH KINGSLEY DRIVE PHASE 3 IMPROVEMENTS PROJECT NO. 03-10-004 WA Engineering & Surveying, Inc. Li Rev 1.110i• Mises r. teas OMIT, Page 40 Exhibit 27 N MI MI N — M i♦ N — = — — MN i= iI — — - OD ROW WITH 2E PAVEMENT MIN !D ROW WITH 2.2$ PAVEMENT SECTIONS INN 10S ROW MAIM 2.29 PAVEMENT SECTIONS (T CONC.) MRK AREA _ 100' ROM WITH 2.23 PAVEMENT SECTIONS (S. CONC.) _ 1E0' ROW . FUTURE WIDENING OP EXISTING MCN ARD RDW _ 100 ROW MRN 4.12' LANES AND A 12' CONTINuot6 TURN LANE C MONUMENT 1 GLACE r. S IU STREETS AND PARKS REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH KINGSLEY DRIVE PHASE 4 IMPROVEMENTS PROJECT NO. 03-10-005 LOA Raglitatering A Survey's*, lite. 1A N0! Page 41 Exhibit 28 M I N I I I N IIIIII i• M M M L 1 i i F i l 1 PREYIQU! AUTHORIZEC PROPPED EGENp EXIS. SANITARY SEWER DROP. SANITARY SEWER EXIS PETERM SEWAGE TREATMENT PUNT EXIS. WATER LINE EXIS. WATER PLANT PROP WATERLINE FUTURE FUTURE SANITARYSEWER FUTURE LMT STATION FUTURE WATSA LPN .1 SCALE. r. WO FEET WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH KINGSLEY DRIVE PHASE 4 IMPROVEMENTS PROJECT NO. 03-10-005 UA ERQIRMFfIp aSumAleg,ra w � Ou.► M Page 42 Exhibit 29 MI MINI MIN IIIIII IIIIII =I MIMI NMI NMI IIIII MIN Mill MO MIMI MI =I IIIIII LES FREYIQuSLY 91ED3OBIZED EINPOSED RJTURE M O 1=J STORM SEWER WET DETENTION AREA ORY DETENTION AREA O CHANNEL D.PROVEEEMS DRAINAGE REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH KINGSLEY DRIVE PHASE 4 IMPROVEMENTS PROJECT NO. 03-10-005 LJA EgLeeeEMip & 3wve tit., lea. IA WIN MIMS{ E1041 W MONO Page 43 Exhibit 30 i■� -- En N N MN I EN — I I — 1 MS MINI MI N— i� IIC ROW WRH 2S PAVEMENT. 80 ROW WITH 2.25 PAYMENT SECTIONS 100 ROW WITH 2.2S PAVEMENT SECTIONS IT COICA PARK AREA MIN 100' ROW WITH 2. n' PAVEMENT SECTIONS (C CONC 180 ROM - FUTURE W10EINNG OF EXISTING MGWtD ROAD IOC ROW MPRH 4 . '? LANES ANO A 14' CON1Tl/0US TURN LAME MONUMENT 40A&L 500 STREETS AND PARKS REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH VILLAGE 5 IMPROVEMENTS PROJECT NO. 03-10-006 {JA IR IlN* • jfIC. rr .. mrM I rwr afu 1sNVIIro aro Page 44 Exhibit 31 INN — MN ® ® NE 1 1 NM i♦ N iii N EN P ,01411.1 Aille. s Mil - /4 iti, ‘1101 Pl.\*M1 441,4fr , II I Il ME irtilligkill FSEIKVSLY AV IORVEQ EX$. SANITARY SEWER EXIS, INTERS* SEWAGE TREATMENT PLANT EMS. WATER LINE EMS. WATER PLANT SER tEGE NEN PROP. SANITARY SEWER PROP. WATER LINE MEE FUTURE SANITARY SEWER OV FUTURE UFT STATION FUTURE WATER LINE SCALE 1' • 1000 FEET WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2. CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 5 LMPROVEMENTS PROJECT NO. 03-10-006 WA Engineering a tag, tee. IA 01•.17 PO' � fl OFTF Page 45 Exhibit 32 INN 1 N MS I l N NE NE MI NM 1 NM I I M INN • "a!" ILL ,-Imiliiilk Aguipli.sw----iii __.1101 , A lim /(,-„4i\i,Liminti fp ITip Orr 7111111141 ileti IF! ,Aiii ft-*$ '14,,. trillti. ,,,,J kvi koyeric , limiroitt.o 44.11. __ . Bismigioemo , FlIMASNALY AUI HOR¢EP mom= FuruRE STORM SEWER WET DETENTION AREA DRY DETENTION AREA CNANEL WROYEMENTS SCALE r. 600 FEET DRAINAGE REINVESTMENT ZONE NO. 2, CITY OF PEARLAND, TEXAS SHADOW CREEK RANCH VILLAGE 5 IMPROVEMENTS PROJECT NO. 03-10-006 UA Engk,..d.O i Surveying, lee. LA Page 46 Exhibit 33 I 11111 E 11111 1M1 N ME I 111111 I 1 I 111111 MI NM MN Ir i " I fi LEGEND ♦ MINN WRY IOMJYEPG KALE 1 -,,Cert:* REINVES FMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH PRIMARY ENTRY MONUMENT LAND COST PROJECT NO. 04-07-001 uw lisil.wb a ermine, kn. ill Page 47 Exhibit 34 UM NM I IIIII MN = = = = I i• N = MI = 1 1 1 POUCE676 STATION LOCATION IEGENO 1 SCALL .c. REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH POLICE/FIRE STATION LAND COST ADJUSTMENT PROJECT NO. 04-07-002 WA engineering $ surveying, ave. 111 Page 48 Exhibit 35 NM I — iii — i0 MI iii N — MIN MEI — — NM MIMI i= INN IM111cuW1 J IC L 1. • HIV R11 PARKS REINVESTMENT ZONE NO. 2. CITY OF PEARL AND. TEXAS SHADOW CREEK RANCH REGIONAL NATURE PARK PROJECT NO. 04-07-003 w► e.grl..en, a Se n"ra, Ye. LA Page 49 Exhibit 36 111M1 11111 NE MINI EN MI N EN 1 N E MIN MN M M 11111 INN romormorsr I h car • S0• ROW WITH 2T PAVEMENT • SP ROW WON 2.2'- PAVEEUTSECTONS _ IOP ROW WITH 2- 25 PAVEMENT SECTIONS tCONCt • PARKMWUNDSCAPING LEMIQ _ 100' ROW WTI 2.25 PAVEMENT SECTIONS 1r CONCH • 15P ROW • FUTURE NIDEMNG OF EXISTING MOIARO ROM ▪ I RGW.Arni .17 IMPS ANO A M' CONTINUOUS TURN LIE ♦ MOMMENT 0 TRAFFIC SIGNAL i SCALE 1 • 1Rb FEET STREF.TS AND PARKS REINVESTMENT ZONE NO. 2. CITY OF PEARI.AND. TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 4 IMPROVEMENTS PROJECT NO. 04-07-004 LJA [Ngs .. ang s Unwire, he. 114 Gown.. 001.0 an. Page 50 Exhibit 37 1 1 1 MIN MIMI =I ® Mil r IIIIII 111111 IMO Mil NM ILA1 L i PREV/OMLY A1.7,10RIZED !JOS SANITARY SEWER EXIS VIATFR U NF Ems IN^ERV/ SFVMOP TREATMENT POAN' LEDEND WOR SAMI ARv EEV.ER PROP 'vArER LINE PROP l:•' :AMR FJTURE SANTTARI SNIEP FUTURE'WATER :INE ,W.[ 1 . .STEST WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2. CITY OF PE.ARLAND. TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 4 IMPROVEMENTS PROJECT NO. 04-07-004 W* lik*Hisrlos • funiglibm Ino. IA Page 51 Exhibit 38 11111 11111 MN NM MN 111111 '11 PRI tim11 PREVIOUS! IOUS! Y AUTHORIZED [Q 0 0 - amas bowl STORM SEW & viET OcrE'TOn AREA DRY DETENTION AREA CPWDIEL WPROVEMENTS KA:[ Lec MET DRAINAGE REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH VILLAGE 3 PHASE 4 IMPROVEMENTS PROJECT NO. 04-07-004 IJAA {{ Bring d. urver_M�y Page 52 Exhibit 39 UN 11111 11111 1111M 111111 MN MS 11111 111111 111111 1E1 111111 MIN 11111 111111 • • is 1 • ISMIC PI' ROW WITH 25 PAVEMENT IC ROW WITH 2.2S PAVEMENT SECTIONS 100 ROW WTN 2.25 PAVEMENT SECTIONS IT CONE 1 PMKMEMANOSCAPINO • t 2 ROW WITH 2.25 PAVEMENT SECTIONS R'CONc., 167 ROW . KNEE WIDENING OF EJEST1NOMC1 ARO ROAD 100 ROW WITH I .12LAMES AND A NT CONTNUOU6 WON UNE MONUMENT TRAIPSE SIONA/ 1 *CAI .. INCOWET STREETS AND PARKS REINVESTRIENI ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH VILLAGE 4 PHASE 1 AND REFLECTION BAY NORTH PROJECT NO. 04-07-005 1..1N MgN'.«Nq 8 SNMMyIng, Mad% Page 53 Exhibit 40 1 1 1 1I 1E11 IIIII 1111 INN MIN OM MIN 11111 11111 .11111 AUTHORIZED -- as SANITARY SEWER £ iS MACER aac E%!S NTERSI SNAGS IREATRENT PUNT FJOS LIR STRIION PROPOSED FUTURE PROP SANITARY SENER -- !Uitm E SAHRARY$E.ER PROP MATER ONE - FUTURE"ATER LRE WATER AND SANITARY SEWER REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH VILLAGE 4 PHASE I AND REFLECTION BAY NORTH PROJECT NO. 04-07-005 LJA Enpinwdfwg i Eurwyl , ta.H l ury Page 54 Exhibit 41 NE — 11M1 1-- IM1 M 1 I EN MN N MI iii M an I NM IRMO PREMOLISLY AUf/q nD MEM 8031% ETDMI REWVER VIET DETENTION AREA ODNY DETENTION GTMM EL YTN OWNIENT$ EMI •'- =KIT DRAINAGE REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH VILLAGE 4 PHASE 1 AND REFLECTION BAY NORTH PROJECT NO. 04-07-005 EJA • e_._ , )Tec. 114 NSW AO .0 Page 55 Exhibit 42 LJAlR➢binERO ' ® ® 1111 — — — — i NE — — — — — I 1 — — NS 1 1 PT ROVI VRm 35PAVEMENT S'J' ROW WITH 2-^P PAVEMENT SECTIONS - :NS ROW WON 3. b' MVEMEM 0tC11ON3 I, COM ) PARR ARRA - IC? ROW VATN;. ;S PAVEMENT SECTIONS Ir CONE) ISE POW FUTURE VADENINO Of ENS'1NG MCHARD ROAD _ )x rOV: VATNA :;'WIN MO NI.CONTINU01.0 TUM LAN! • MONtMENT TRAMS SIGNAL STREETS AND PARKS REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH TRAFFIC SIGNAL AT SI IADOW CREEK PARKWAY AND KINGSLEY DRIVE PROJECT NO. 04-07-006 As+PI NC pN Page 56 Exhibit 43 1W111 MI NMI 11•11 1E1 SIM 1E11 INN 11111 INN MN MN 111111 Inn NM PpEND • BO' ROW %OH 211.PAVp1ENT • SN ROW MRTN 2.2 PAVEMENT S(CTIONO - +op ROW WRN 2.24 Pm/00W SECTORS CO CORGI • PARK AREA _ XV ROW aMTM: .S PAVEMENT SECTIONS it CONG, 150 POW • FVTURE VROERWG Of EA.S'wG MCNARO ROTO _ t 07 007 VATNa '?,ANC ANO*• .'CONTNUCVS it/P4 UNE j MORt.ENT -MOM S1GNAL 1 SC. - 1545 RI? STREETS AND PARKS REINVESTMENT ZONE NO. 2. CITY OF PEARLAND. TEXAS SHADOW CREEK RANCH TRAFFIC SIGNAL AT SIIADOW CREEK PARKWAY AND KINGSLEY DRIVE PROJECT NO. 04-07-006 LJA Eaginaorlog i SJvvybb Cu.*, Ra pw Page 57 Exhibit 44 Memo To: Mayor and Council Members Bill Eisen l'o tin aLcoz`ing From: Alan Mueller Date: 5/5/2005 Re: TIRZ # 2 Annual Report Attached are pages 12 and 13 for the TIRZ#2 Annual Report, which were inadvertently omitted from the copy that was provided to you by Knudsen & Assoicates. 3 ECIEGWE MAY 1 0 2005 CITY OF PEARLAND CITY SECRETARY'S OFFICE ci TABLE°F' ESTIMATED CAPTURED APPRAISED.VALUE BY JURISDICTION ASSUMING NO APPRECIATION CITY ACTUAL CITY CITY ACTUAL CITY BRAZORIA ACTUAL BRAZORIA ACTUAL BRAZORIA F7 BEND ACTUAL FT BEND ACTUAL FT BEND ALVIN ISD ACTUAL ALVIN ISO ACTUAL ALVIN ISD TAX TAXABLE TAXABLE CAPTURED CAPTURED TAX TAXABLE BRAZORIA CAPTURED CAPTURED TAX TAXABLE FT BEND CAPTURED CAPTURED TAX TAXABLE ALVIN ISD CAPTURED CAPTURED YEAR VALUE VALUE APPRAISED VALUE APPRAISED VALUE YEAR VALUE TAXABLE VALUE APPRAISED VALUE APPRAISED VALUE YEAR VALUE TAXABLE VALUE APPRAISED VALUE APPRAISED VALUE YEAR VALUE TAXABLE VALUE APPRAISED VALUE APPRAISED VALUE 1998 $ 7,172880 $ 7.172980 BASE YEAR BASE YEAR 1998 $ 4,143,160 $ 4,143,160 BASE YEAR BASE YEAR 1998 $ 3,029,820 $ 3,029,820 BASE YEAR BASE YEAR 1998 $ 4,148160 $ 4,143.160 BASE YEAR BASE YEAR 1999 7,172080 14,024830 0 6,847,1350 1999 4,143,160 10,076,560 0 6,933,400 1999 3,029,820 3,820,260 0 790,440 1999 4,143,160 10,078.560 0 5,933,400 2000 7,172980 16,304,860 0 7,131,B80 2000 4,143,180 10,383,B2D 0 6,220,760 2000 3,029,820 3,793,300 0 763.480 2000 4,143,160 10,363,920 0 6,220,760 2001 41.153,030 19,240,440 33,980,050 12,057,460 2001 31.008,310 15,081,700 26,865,160 10,938,540 2001 3,029,820 4,158,740 0 1.128,920 2001 35,152200 10,938,540 31.009,040 6,785,380 2002 187,966,938 22,566,490 180.793,958 16,393,510 2002 154,326,533 18,628,790 150,183,373 14,485,630 2002 3,02.3,820 3,937,700 0 907,880 2602 172,607,428 15,081,700 168,464,266 10,938,540 2003 361.063,994 75,904,290 353,881,014 68,731,310 2003 297,322058 87,814,240 293,178,898 63,671,080 2003 6,707,345 3,946,893 3,677.525 917.070 2003 330,636,568 19628,790 326,493,406 14,485,630 -2004 550,913,255 258,290,690 543,740,275 251,117,710 2004 432,721,507 252.185.610 428,578,347 248,042,450 2004 33,815,024 6.108660 30,785,204 3,075,260 2004 480,582.919 252,185,610 476,439,759 248,042,450 c7 2005 745,709,617 738,536,637 2005 550,455,344 548312,184 2005 83,751,924 80,722104 2005 608,977,109 604,833,949 2006 939,339,603 932,166,623 2008 659,483,818 655,340,658 2006 141,411,603 138.391,983 2006 727,129,002 7229134842 2007 1,133,445,170 1.126,272,190 2007 805,377,033 801.233,873 2007 160,643,781 157,613,961 2007 887,957,659 883,814,499 . 2008 1,379,348,607 1372,175,627 2008 1,014,395,884 1,010,252724 2008 170.890,396 167,860,576 2008 1,111,286,486 1,107,143,328 2009 1,558295292 1,551,122312 2009- 1,156,294,978 1.162151,818 2009 181,137,011 178,107,191 2009 1,267,807,111 1,263,663,951 2010 1,734,190,348 1,727,017,368 2010 1,282,821,406 1,278.678,248 2010 204,441,999 201,412179 2010 1.406,048,759 1,401,905,599 2011' 1,865,781,102 1,858,608,122 2011 1,342.836,685 1,338,693,625 2011 258,840,641 265,810,821 '2011 1,467,275,433 1,463,132,273 2012 1.925.907.602 1,918,73,1,6= 2012 1,402963,185 1,398,620,025 2012 258,840,641 258810,821 2012 1,527,401,933 1,523,2513,773 2013 1,944,107,602 1,936,934,622 2013 1,418,147,185 1,414,004,025 2013 261,856,641 258.826,821 2013 1,542,585,933 1,538,442,773 2014 1,960,591,602 1,953,418,622 2014 1,418,147.185 1,414,034,025 2014- 278,340,641 275,310,821 2014 1,542,585,933 1,538,442773 2015 1.968591,602 1,953,418.622 2015 1,418,147.185 1,414,004,025 2015 278,348841 278310,821 2015. 1,542.585,933 1,638,442773 2016 1,960.691,602 1,053,418.622 2016 1,418,147,185 1.414,004,025 2018 278,340,641 275,310,821 2016 1,542,585,933 1,538,442773 2017' 1,960691,602 1,953,418,622 2017 1,418,147,185 1.414,004,026 2017 278,340,641 275,310,821 2017 1,542685,933 1,539,442773 2018 1,960691,602 1,053,418,622 2018 1.418,147,185 1.414,004,025 2018 278,340,641 275,310,821 2018 1,542,585,933 1,538,442773 2019 1,960,691,602 1,953,418,622 2019 1,418,147,185 1,414,034,025 2019 278,340,641 275,310,821 -2019 1,542585.933 1,538,442773 2020 1,960,591,602 1,953,418,622 2020 1,418,147.185 1.414,004,025 2020 278,340,641 275,310,821 2020 1,542585,933 1,538,442.773 2021 1,960,591,602 1653,418,622 2021 1.418,147,185 1.414.004,025 2021 278,340,641 275,310,821 2021 1,542,585,933 1638,442,773 2022- 1,960,591,602 1,953,418,622 2022 1,418,147,185 1,414,004,025 2022 278,340,641 275,310,821 2022 1,542,595,933 1,538,442773 2023 1,960,591,602 1,953,418,622 2023 1,418,147,185 1.414,004,025 2023 278,340,641 275,310,821 2023 1,542585,933 1,538,442.773 2024- 1,960,591,602 1.953,418,622 2024 1,418,147,165 1,414004,025 2024 278.340,641 275,310,821 2024 1,542585,933 1,538,442,773 2025 1,960,591,602 1,953,418,622 2025 1,418,147,185 1,414,004,025 2025 278,340,641 275,310.821 2025 1,542685,933 1,638,442,773 2026 1668591,602 1,953,418,622 2026 1,418,147,185 1,414,004,025 2026 278,340,641 275,310,821 2026 1,542685,933 1,538,442,773 2027 1,960,591,602 1,953,418,622 2027 1,418,147,185 1,414,004,025 2027 278,340,641 275,310,821 2227 1,542,585,933 1,538,442,773 2028 1,960,591,602 1.953,418,622 2028 .1,418,147,185 1.414,604025 2028 278,340,641 275,310,821 2028 1,642,585,933 1.538,442,773 TOTAL 01,960,591,602 $ 1,953,418,622 TOTAL $1,418,147,185 $ 1,414,004025 _ TOTAL $ 278,340,641 $ 275,310,821 TOTAL.$ 1,542685,933 $ 1,538,442,773 PER AC $ 550,433' $ 588,273 PER AC $ 638,080 $. 534,514 PER AC $ 441,811 $ 437,001 PER AC $ 484,550 $ 463,303 This table was taken Iron,the Psr ect Plan&Rebrvesbned Zeno Financing Ran as adeplee en August 23,1999.Actual values provided by the Braroria Central Appraisal District and the Fort Bed County Appraisal District Please role that ehoud Brazorla Drainage Distant No.4 ene/or the Fort Bend County Independent Scheel District elect to partkpete N the future, that information w01 be included In Suture Reports. Page 12 Table F ti TABLE"G" PROJECTED GROSS REVENUE AVAILABLE,FOR TIRZ PROJECTS ASSUMING NO APPRECIATION PEARLAND(1) PEARLAND BRAZORIA(2) BRAZORIA FT BEND(3) FT BEND ALVIN ISD(4) ALVIN ISD TIRZ TIRZ ANNUAL ANNUAL INCREMENTAL INCREMENTAL INCREMENTAL INCREMENTAL INCREMENTAL INCREMENTAL INCREMENTAL INCREMENTAL ADMIN ADMIN INCREMENTAL INCREMENTAL YEAR REV @$0.695 REVENUE(ACTUAL) REV @ 0.3575 REVENUE(ACTUAL) REV @ 0.6241 REVENUE(ACTUAL) REV @ 1.5743 REVENUE(ACTUAL) EXPENSE EXPENSE(ACTUAL) REVENUE REVENUE(ACTUAL) 1998 $ - $ - $ - $ - $ - $ - $ $ - $ - $ - $ - $ - 1999 0 45,111 0 0 0 0 0 0 (175,000) (117,877) 0 (72,766) 2000 0 46,413 0 0 0 0 0 0 (175,000) (98,530) 0 (52,117) 2001 •0 47,433 0 0 0 0 0 0 (175,000) (96,672) 0 (49,239) 2002 212,545 67;388 32,847 0 0 0 439,358 10,969 (175,000) (100,940) 509,750 (22,583) 2003 1,130,866 167,897 183,622 0 0 0 2,386,920 207,479 (175,000) (121,249) 3,526,408 254,127 2004 2,213,588 753,905 358,455 159,854 20,656 0 4,625,987 229,941 (175,000) (176,148) 7,043,687 967,552 2005 3,401,095 524,001 172,917 6,750,532 (175,000) 10,673,546 0 r' 2006 4,619,547 667,949 453,408 8,569,711 (175,000) 14,135,614 0 2007 5,830,702 801,252 777,278 10,243,755 (175,000) 17,477,988 0 2008 7,044,833 979,629 885,302 12,522,502 (175,000) 21,257,265 0 c 2009 8,582,959 1,235,185 942,856 15,686,782 (175,000) 26,272,782 0 2010 9,702,270 1,408,678 750,308 17,904,475 (175,000) 29,590,732 0 2011 10,802,494 1,563,376 848,484 19,863,180 (175,000) 32,902,534 0 2012 11,625,594 1,636,754 1,077,648 20,730,682 (175,000) 34,895,678 0 2013 12,001,685 1,710,267 1,077,648 21,582,597 (175,000) 36,197,197 0 2014 12,115,526 1,728,832 1,090,353 21,797,734 (100,000) 36,632,445 0 2015 12,218,633 1,728,832 1,159,795 21,797,734 (100,000) 36,804,995 0 2016 12,218,633 1,728,832. 1,159,795 21,797,734 (100,000) 36,804,995 0 2017 12,218,633 1,728,832 1,159,795 21,797,734 (100,000) 36,804,995 0 2018 12,218,633 1,728,832 1,159,795 21,797,734 (100,000) 36,804,995 0 2019 12,218,633 1,728,832 1,159,795 21,797,734 (100,000) 36,804,995 0 2020 12,218,633 1,728,832 773,197 21,797,734 (100,000) 36,418,396 0 2021 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 2022 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 2023 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 2024 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 2025 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 2026 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 2027 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 2028 12,218,633 1,728,832 773,197 21,797,734 (60,000) 36,458,396 0 TOTAL $ 260,344,572 $ 1,128,147 $ 37,034,495 $ 159,854 $ 20,854,603 $ - $ 468,272,493 $ 448,389 $ (3,805,000) $ (711,416) $ 784,437,554 $ 1,024,974 (1) City of Pearland receives Administration Fees over the life of the Zone based on fees of 0%years 1-3;36%years 4-8;and 84%years 9-30, (2) Brazoria County Zone participation of 38%for the life of the Zone. (3) Ft Bend County Zone participation at 100%years 1-10;75%years 11-20;and 50%years 21-30. (4) Alvin:ISD Zone participation at100%for the life of the Zone,with 25%for non-educational facilities and 75%for educational facilities. Assumes 90%collection rate. The takedown schedule Is based on market study.Any changes in the takedown over the course of the Zone will not require a Plan amendment. The tax rates above are•1998 tax rates,which may change from year to year. This table was taken from the Project Plan&Reinvestment Zone Financing Plan as adopted on August 23,1999. Page 13 Table G