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Ord. 1066 07-08-02ORDINANCE NO. 1066 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, APPROVING THE ANNEXATION BY BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 19 OF APPROXIMATELY 38.0052 ACRES OF LAND. WHEREAS, Brazoria County Municipal Utility District No. 19 (the "District") is located within the corporate limits of the City of Pearland, Texas ("City"); and WHEREAS, the City consented to the creation of the District by Ordinance No. 876 dated October 12, 1998; and WHEREAS, Section 54.016, V.T.C.A., Water Code, as amended, provides that no land within the corporate limits of a city or within the extraterritorial jurisdiction of a city, shall be included within a municipal utility district unless such city grants its written consent, by resolution or ordinance, to the inclusion of the land within the district; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. All of the matters and facts set forth in the preamble hereof are true and correct. Section 2. The "Petitions for Consent to Include Additional Land in the City of Pearland and in Brazoria County Municipal Utility District No. 19" (the "Petitions") are attached hereto as Exhibit "A" and made a part hereof for all purposes. Section 3. The City Council of the City of Pearland, Texas, hereby specifically gives its written consent to the annexation of approximately 38.0052 acres described in the Petitions and the exhibits attached hereto, into the District conditioned upon the terms set forth in Ordinance No. 876 and Chapter 30, Article IV, Water and Sewer Districts, of the City of Pearland Code of Ordinances. ORDINANCE NO. 1066 Section 4. This Ordinance shall take effect immediately from and after its passage in accordance with the provisions of the Charter of the City of Pearland and it is accordingly so ordained. PASSED and APPROVED ON FIRST READING this the 8 day of July , A. D., 2002. Dr, TOM REID MAYOR ATTEST: PASSED and APPROVED ON SECOND AND FINAL READING this the 22 day of July , A. D., 2002. ATTEST: UNG ITY CRETAR 2 TOM REID MAYOR ORDINANCE NO. 1066 APPROVED AS TO FORM: , DARRIN M. COKER CITY ATTORNEY 3 PETITION FOR CONSENT TO ANNEX LAND INTO BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 19 THE STATE OF TEXAS § COUNTY OF BRAZORIA § TO THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: The undersigned, duly elected officer of Brazoria County Municipal Utility District No. 19 (the "District"), Edward R. Hubbell, Nelda Hubbell, James A. Hubbell, Jr., William J. Hubbell, Cheryl Hubbell, Katie Bradley, J.W. Hubbell, Jr., Edward R. Hubbell, Trustee for Linda Rae Henderson and E. R. Hubbell, Trustee of the Trust created in the Estate of James A. Hubbell, the owners of the land hereinafter described, and PT&T, Ltd., a Texas limited partnership (the "Petitioners"), acting pursuant to the provisions of Chapter 49, Texas Water Code, particularly Sections 49.301(a)-49.301(f), respectfully petition the City Council of the City of Pearland, Texas, for its written consent to the annexation by the District of the tract of land described by metes and bounds in Exhibit "A" (the "Land"). In support of this petition, the undersigned would show the following: I. The District was created on April 30, 1999, and is governed by the provisions of Chapters 49 and 54, Texas Water Code, as amended. II. Edward R. Hubbell, Nelda Hubbell, James A. Hubbell, Jr., William J. Hubbell, Cheryl Hubbell, Katie Bradley, J.W. Hubbell, Jr., Edward R. Hubbell, Trustee for Linda Rae Henderson and E. R. Hubbell, Trustee of the Trust created in the Estate of James A. Hubbell hold fee simple title to the Land sought to be annexed to the District, as shown on the tax rolls and real property records of Brazoria County, Texas. PT&T, Ltd., has entered into an earnest money contract to purchase the Land. III. The Land is situated wholly within Brazoria County, Texas. No part of the Land is within the limits of any incorporated city, town or village, and no part of the Land is within the corporate boundaries (as such term is defined in Texas Local Government Code Section 42.001 et seg., as amended) of any city, town or village except the City of Pearland, Texas. All of the territory proposed to be annexed may properly be annexed into the District. IV. The Land is described by metes and bounds in Exhibit "A," which is attached hereto and incorporated herein for all purposes. V. The general nature of the work to be done in the area sought to be annexed into the District is the construction, acquisition, maintenance and operation of a waterworks and sanitary sewer system and a drainage and storm sewer system. 906563_1.DOC VI. There is, for the following reasons, a necessity for the above -described work. The Land proposed to be annexed into the District, which will be developed for residential and/or commercial purposes, is urban in nature, is within the growing environs of the City of Pearland, Texas, is in close proximity to populous and developed sections of Brazoria County, and within the immediate future will experience a substantial and sustained growth. Because the health and welfare of the present and future inhabitants of the Land and of lands adjacent thereto require the construction, acquisition, maintenance and operation of an adequate waterworks and sanitary sewer system and a drainage and storm sewer system, a public necessity exists for the annexation of the Land into the District, to provide for the purchase, construction, extension, improvement, maintenance and operation of such waterworks and sanitary sewer system and such drainage and storm sewer system, so as to promote the purity and sanitary condition of the State's waters and the public health and welfare of the community. VII. The Petitioners hereby certify that there are no Iienholders on the Land. VIII. The District agrees and hereby covenants that if the requested consent to the annexation of the Land to the District is given, the District will adopt and abide by the conditions set forth in Exhibit "B," attached hereto and incorporated herein for all purposes. IX. The undersigned estimate, from such information as they have at this time, that the cost of extending the District's facilities to serve the Land sought to be annexed is $1,700,000 and that the cost of extending the District's facilities to serve the Land sought to be annexed will not exceed the current bonded authorization limit of the District. WHEREFORE, the undersigned respectfully pray that this petition be heard and granted in all respects and that the City of Pearland, Texas, give its written consent to the annexation of the Land into the District. [EXECUTION PAGES FOLLOW] 906563_1.DOC - 2 - RESPECTFULLY SUBMITTED this 26th day of June, 2002. BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 19 President, Bard of Directors ATTEST: Secretary,Board of Difec rs� i j ' \ - x ts4 y (SEAL) THE STATE OF TEXAS COUNTY OF HARRIS This instrument was acknowledged before me on thi0t/ day of , 2002, by Charles Kaufmann as President, and Patrick J. Nevlud as Secretary, of the oard of Directors of Brazoria County Municipal Utility District No. 19, a political subdivision of the State of Texas, on behalf of said political subdivision. CI LINDA SOTIRJKE ti i r Notary Public, State of Texas N, , My Commission Expires t: glFoft``+ 04 AUGUST 31, 2004 it otary ' ublic, State ofle as 906563_1.DOC -3- RESPECTFULLY SUBMITTED this 26th day of June, 2002. PETITIONERS: DWARD R. HUBBELL THE STATE OF, COUNTY OF This instrument was acknowledged before me on thi Edward R. Hubbell. (NOTARY SEAL) QC!!!1!l111111111111111l11� lj ANDY PITMAN � NOTARY PUBLIC, STATE OF TEXAS 1 MY COMMISSION EXPIRES NOV. 1, 2003 ll �11111111!l11111111!!!l1l.�y Notary day of Li U %1_, 2002, by 906563_1.DOC -4- THE STATE OF 7 , [f § § COUNTY OF /71; § This instrument was acknowledged before me on this29 day of Nelda Hubbell. (NOTARY SEAL) Ql./Y1.4�./,/!!llll.Ilf,Plll✓✓ .-.1 ANDY PITMAN NOTARY PUBLIC. STATE OF TEXAS 1 9r +� MY COMMISSION EXPIRES S F°FSE NOV. 1, 2003 01l✓l✓llll!l✓!,�ll✓✓,sddlll� , 2002, by Notary Public, State of 7 'XQS 906563 1.DOC -5- AMES A. HUBBELL, JR. THE STATE OF COUNTY OF This instrument was acknowledged before me on this_ day of James A. Hubbell, Jr. (NOTARY SEAL) 4/ 11 vP P i MAN11 1 o�P� Ue% A PTEXAS 1' r,C l z _ � NOTARY PU3�IL ' ;,,�aES l * � * 1 MY COMM -", l 4T�oF EtP NOV. 1, 2003 1 e,�✓lllllllfll�llllllljlll- , 2002, by Notary Public, Sta a of 906563_1.DOC -6- COUNT Y OF This instrument was acknowledged before me on thi day ;"'e William J. Hubbell. (NOTARY SEAL) ' .l.,iYll✓✓✓tea",'.,,.-.,... `rr.,,,',r" vSc P�yY P(� t. 4j 0 Y . NCB Uc cXet F,S (� 9TEOF�G .1 .003 4 4+ Z tS1�Y F f kr�P `'�< /' h'r'%'' PITMAN �`� Nqr jj' NL'awv?UdUC,STATEOFTEXASt7 \mY COMMISSION EXPIRES �lll��F NOV. 1, 2003 THE STATE OF Notary Public, ate o 7e S , 2002, by 906563_1.DOC -7- CHERYL I'UBBELL THE STATE OF %Xcif § COUNTY OF �tar/JJ This instrument was acknowledged before me on thi Cheryl Hubbell. (NOTARY SEAL) aYp,. ANDY PITMAN ` NOTARY PUBLIC. STATE OF TEXAS `l MY COMMISSION EXPIRES 11 t(1 �rFOFtE+ NOV. 1, 2003 iO�l!!1✓ll.I✓lllll11111✓llll� day of , 2002, by Notary Public, State of 0S 906563_1.DOC -8_ THE STATE OF /eY4f COUNTY OF arr/S 84.,cete KATI BRADLEY This instrument was acknowledged before me on thi day of (-Jo'26. 2002, by Katie Bradley. (NOTARY SEAL) .I.I,-.-,,,x `. ANDY PITMAN ) NOTmyCPUBLICON EXPIRESXAS OMMI TE OF �f�ff NOV. 1, 2003 Notary Public, State of TeX as 906563_1.DOC -9- THE STATE OF / �X 4I § /� COUNTY OF / /6,'/7S" § DZ n e This instrument was acknowledged before me on thi day of , 2002, by J.W. Hubbell, Jr. (NOTARY SEAL) P..1✓il!✓✓liii:, li✓!./.i:.-1✓./,/,q ti QYp'_ ANDY PITMAN l, NOTARY PUBLIC, STATE OF TEXAS 1 1 ^ W 4 MY COMMISSION EXPIRES t0 �,FOF�E+ NOV. 1, 2003 ✓,Ill.„ildi./11!✓✓!i!A✓,�1111 Notary Public, State of % e,X r 906563_1.DOC -10- EDWARD R. HUBBELL, rustee for Linda Rae Henderson THE STATE OF § COUNTY OF / § 8- -- This instrument was acknowledged before me on thi� day of ()Wile , 2002, by Edward R. Hubbell, Trustee for Linda Rae Henderson, beneficiary under the Trust Agreement executed by Mabel Dorsey, Grantor, and James A. Hubbell, Trustee, dated March 23,1990, on behalf of sad trust. (NOTARY SEAL) llti 11 AN Y PITMAN l NOTARY PUBLIC, STATE OF TEXAS lll MY COMMISSION EXPIRES 1 NOV. 1, 2003 Notary Public, State of 7 SX of 906563_1.DOC - 11 - E. R. HUBBELL, Trustee of the Trust Breated in the Estate of James A. Hubbell THE STATE OF /Pi - COUNTY OF t 7// This instrument was acknowledged before me on thi day of Gf h se,_2002, by E. R. Hubbell, Trustee of the Trust created in the Estate of James A. Hubbell, on behalf of said trust. Notary Pu Iic, State of (NOTARY SEAL) (p\if ,/.Yl✓../,ill./d!./lllllllll1l 11 gPRY PV6 ANDY PITMAN 'IS O 11 0* �� * NOTARY PUBLIC � i _,= TEXAS l 1 m /\ h MY COMM.iSStON _AP RES \l ">FotE}P NOV. 1, 2003 .irll✓1ll.�lll.4✓.l.,-llllllll� 906563_1.DOC - 12 - PT&T, LTD., a Texas limited partnership (earnest money contract holder) By: JNB&R, L.L.C., a Texas limited liability company i tsral partner By: THE STATE OF ..� COUNTY OF ,7 or, Executive Manager This instrument was acknowledged before me on thi dray of , 2002, by John N. Taylor, Executive Manager of JNB&R, L.L.C., a Texas limited Iia ty company, and general partner of PT&T, Ltd., a Texas limited partnership, on behalf of said partn rship and company. a -h LINDA SOTIRAKE Notary Public, State of Texas My Commission Expires (NOTA�FS/SEAL UGUST 31, 2)04 ct/w6 ry Vublic, State of 906563_1.DOC -13- DESCRIPTION Of 38.0052 acres or 1,655,506 square feet of land out of a call 72.809 acre tract, described in a deed to James A. Hubbell, Jr. recorded in (89) 647 page 337 Official Records Brazoria County Texas, and located in the H.T.& B. R.R. Co. Survey Abstract 546 and Abstract 241 Brazoria County Texas, said 38.0052 acres being more particularly described by metes and bounds as follows; BEGINNING at a 5/8 inch iron rod found for the northeast corner of a call 3.00 acre tract described in a deed to Marvin Wayne Smith recorded in File No. 85- 197105 Official Records Brazoria County Texas, same being the southeast corner of said 72.809 acre tract; THENCE South 89 degrees 59 minutes 26 seconds West, along the south line of said 72.809 acre tract, same being the north line of said 3.00 acre tract and the north line of a call 15.00 acre tract described in a deed to Marvin Wayne Smith recorded in File No. 85-197113 Official Records Brazoria County Texas, a distance of 1290.77 feet to a 5/8 inch iron rod set for corner; THENCE North 43 degrees 17 minutes 47 seconds West, a distance of 14.06 feet to a 5/8 inch iron rod set fro corner in the southeasterly line of Mary's Creek (200 foot wide easement); THENCE along the easterly line of Mary's Creek, being a curve to the left having a radius of 222.50 feet, a central angle of 51 degrees 01 minutes 36 seconds, an arc length of 198.15 feet, a chord bearing of north 21 degrees 26 minutes 25 seconds East, and a chord distance of 191.67 feet to a 5/8 inch iron rod set for a point of tangency; THENCE North 01 degrees 28 minutes 08 seconds East, continuing along the east line of said Mary's Creek, a distance of 354.18 feet to a 5/8 inch iron rod set for an angle point; THENCE North 02 degrees 01 minutes 24 seconds West, continuing along the east line of said Mary's Creek, a distance of 454.68 feet to a 5/8 inch iron rod set for an angle point; THENCE North 06 degrees 51 minutes 38 seconds East, continuing along the easterly line of said Mary's Creek, a distance of 159.70 feet to a 5/8 inch iron rod set for an angle point; THENCE along a curve to the right having a radius of 267.83 feet, a central angle of 33 degrees 21 minutes 48 seconds, an arc length of 155.96 feet, a chord bearing of North 42 degrees 02 minutes 01 seconds East, and a chord distance of 153.76 feet to a 5/8 inch iron rod set for corner in the Southerly Right of Way line of Proposed Magnolia Drive (130 foot wide right of way); Page 1 of 2 DESCRIPTION CONTINUTED` THENCE Continuing along the southeasterly Right -of -Way line.,of said Magnolia Drive, being a curve to the left, having a radius of 2000.00 a central angle of 15 degrees 31 minutes 03 seconds an arc length of 541.67 feet, a chord bearing of North 81 degrees 56 minutes 34 seconds East, and a chord distance of 540.01 feet to a 5/8 inch iron rod set for a point of tangency; THENCE North 74 degrees 11 minutes 03 seconds East, continuing along the southeasterly Right -of -Way line of Magnolia Drive, a distance of 160.09 feet to a 5/8 inch iron rod set for a point of curvature; THENCE continuing along the southeasterly Right -of -Way line of said Magnolia Drive, being a curve to the right, having a radius of 2000.00, a central angle of 12 degrees 23 minutes 44 seconds an arc length of 432.68 feet, T. chord bearing of North 80 degrees 22 minutes 55 seconds East, a chord distance of 431.84 feet, to a 5/8 inch iron rod set for corner in the west Right -of -Way line of Harkey Road (60 foot wide Right -of -Way); THENCE South 00 degrees 01 minutes 54 seconds East, along the west Right - of -Way line of Harkey Road, a distance of 1461.12 feet to the PLACE OF BEGINNING and containing 38.0052 acres or 1,655,506 square feet of land. WITNESS MY HAND AND SEAL THIS 20th DAY OF MAY, 2002 Revised June 25, 2002 J AYNRAIN A ER Registered Professional Land Surveyor No. 4722 FOSTER -RAINWATER & ASSOCIATES SURVEYING P. O. BOX 1339 PEARLAND, TEXAS 77588 PHONE:(281) 412-6586 FAX: (281) 412-9025 Job No. 2002-007 Page 2of2 EXHIBIT "B" (a) The City of Pearland, Texas (the "City"), by execution of its City Manager, and the developer on behalf of the District have entered into and executed a utility agreement that specifies the terms and conditions for providing water and sewage treatment services to the District (the "Utility Agreement"). The District shall assume all the rights, obligations, and interests of the developers under the Utility Agreement, as set forth therein. (b) The District may issue bonds, including refunding bonds, for any purposes authorized by law, including but not limited to, purchasing, refinancing, designing and constructing, or otherwise acquiring waterworks systems, sanitary sewer systems, storm sewer systems, and drainage facilities, or parts of such systems or facilities, and to make any and all necessary purchases, constructions, improvements, extensions, additions, and repairs thereto, and to purchase or acquire all necessary land, right-of-way, easements, sites, equipment, buildings, plants, structures, and facilities therefor, and to operate and maintain same, and to sell water, sanitary sewer, and other services within or without the boundaries of the District. Such bonds must provide that the District reserves the right to redeem said bonds on any date subsequent to the fifteenth (15th) anniversary of the date of issuance _Or any earlier date at the discretion of the District) without premium, and none of such bonds, other than refunding bonds, will be sold for less than 95% of par; provided that the net effective interest rate on bonds so sold, taking into account any discount or premium as well as the interest rate borne by such bonds, will not exceed two percent (2%) above the highest average interest rate reported by the Daily Bond Buyer in its weekly "20 Bond Index" during the one -month period next preceding the date of the sale of such bonds. The resolution authorizing the issuance of the District's bonds will contain a provision that the pledge of any revenues from the operation of the District's water and sewer and/or drainage system to the payment of the District's bonds will terminate when and if the City annexes the District, takes over the assets of the District, and assumes all of the obligations of the District. (c) Before the commencement of any construction within the District, its directors, officers, or developers and landowners will submit to the City, or to its designated representative, all plans and specifications for the construction of water, sanitary sewer and drainage facilities to serve the District and obtain the approval of such plans and specifications therefrom. All water wells, water meters, flushing valves, valves, pipes, and appurtenances thereto, installed or used within the District, will conform to the specifications of the City. All water service lines and sewer service lines, lift stations, and appurtenances thereto, installed or used within the District will comply with the City's standard plans and specifications as amended from time to time. Prior to the construction of such facilities within or by the District, the District or its engineer will give written notice by registered or certified mail to the City, stating the date that such construction will be commenced. The construction of the District's water, sanitary sewer, and drainage facilities will be in accordance with the approved plans and specifications and with applicable standards and specifications of the City; and during the progress of the construction and installation of such facilities, the City may make periodic on -the -ground inspections. (d) Prior to the sale of any lot or parcel of land, the owner or the developer of the land included within the limits of the District will obtain the approval of the Planning and Zoning Commission of the City of a plat which will be duly recorded in the Official Records of Brazoria County, Texas, and otherwise comply with the rules and regulations of the Engineering Department and the Department of Public Works of the City of Pearland. 906563_1.DOC CERTIFICATE THE STATE OF TEXAS COUNTY OF BRAZORIA I, the undersigned Secretary of the Board of Directors of Brazoria County Municipal Utility District No. 19, do hereby certify that the attached and foregoing is a true and correct copy of the Petition For Consent To Annex Land Into Brazoria County Municipal Utility District No. 19 that was filed with the Board of Directors of the District on June 26, 2002. WITNESS MY HAND AND SEAL OF SAID DISTRICT this 26th day of June, 2002. ,\c-,lPAL . (SEAL., o. a l*dt1L Secretary, Board o irectors 906563_1.DOC City of Pearland In -City MUD Application Checklist MUD# igra 9 Date G/ a. 4 Attach this sheet as a cover to the completed information and check each box. 1 Fully completed City of Pearland In -City MUD Data Form. ,/ 2 Existing Subdivisions Form. ,/ 3 Proposed Subdivisions Form. J4 Existing Non -Residential Businesses Form. 5 Proposed Non -Residential Businesses Form. 16 Anticipated Future Annexations Form. 7 Vicinity map of the entire City on a 24 x 36 sheet clearly showing location of the existing in -city MUD (if applicable) and the proposed annexation tract(s) - 12 copies. Show the existing and proposed zoning (if different)for each existing MUD tract and each proposed tract to be annexed. �8 Detailed map of each tract (1"=200' scale) - 12 copies, and an AutoCAD drawing file (.DWG) on CD or 3-1/2" floppy disk (Texas State Plane South Central NAD 83). Fully completed and signed annexation petitions with metes and bounds boundary descriptions for all tracts - 12 copies. Consent by the City of Pearland for in -city MUD creations and annexations into existing in -city MUDs is not fmal until the adoption on second reading of the creation/annexation ordinance. The annexation/creation ordinance will only be considered simultaneously with the first and second readings of the zoning ordinance, if required, for the property under consideration. The applicant is advised to examine the schedule requirements for the zoning process to ensure timely consideration of this application. Due to changes in market conditions and other variables, neither the MUD nor the developer(s) guarantee any of the projections or estimates provided in this Application. )Cc� iN\C R . s to his/her tracts only) Printed Name Attach separate signatures as needed. City of Pearland In -City MUD Data Form MUD # 19 Date June 26. 2002 General Information Existing MUD Proposed Tract(s) 1 Zoning Classification (also show on map) R-1, R-2, R-3, R-3 PUD, Commercial R-3 2 Projected Date of Completion of All Homes/Businesses 2006 2004 Area Existing MUD Proposed Tract(s) Total 3 Total Acreage 672.63 38 710.63 4 Currently Platted Residential Acreage (including road rights of way) 308.17 0 308.17 5 Currently Platted Commercial Acreage (including road rights of way) 3.62 0 3.62 6 Currently Undeveloped Acreage 301.3 38 339.3 7 Projected Undeveloped Acreage to be Platted Residential 291.3 38 329.3 8 Projected Undeveloped Acreage to be Platted Commercial 10 0 10 9 Current and Projected Detention & Transmission Utility Easements (acres) 44.43 0 44.43 10 All Other Acreage (Landscaping Reserves, Parks, etc) 15.11 0 15.11 Note: Lines 7 and 8 should total to Line 6. Lines 4, 5, 6, 9, and 10 should total to Line 3. Line 3 should equal the total acreage in the MUD or the Proposed Tracts. Residential Lots Existing MUD Proposed Tracts) Total 11 Total Existing and Planned Residential Lots 1957 154 2111 12 Number of Currently Completed/Occupied Homes 522 0 522 13 Number of Currently Completed Lots 929 0 929 14 Number of Lots Under Construction 160 0 160 15 Number of Future Lots 346 154 500 Note: Lines 12, 13, 14, and 15 should total to Line 11 Property Values Existing MUD Proposed Tracts) Total 16 Most Recent BCAD Valuation (Date: January 1, 2002 Preliminary) $ 77,530,220.00 $ 83,840.00 $77,614,060.00 17 Projected Total Valuation at Build Out Date $293,550,000.00 $20,020,000.00 $ 313,570,000 18 Projected Residential Valuation at Build Out $291,550,000.00 $20,020,000.00 $ 311,570,000 19 Projected Commercial Valuation at Build Out $ 2,000,000.00 $ - $ 2,000,000 20 Estimated Average Home Value (Date: January 1, 2002 ) $ 150,000.00 $ - $ 150,000 21 Estimated Average Home Value - at Build Out $ 150,000.00 $ 130,000.00 $ 150,000.00 Note: Lines 18 and 19 should total to Line 17 Property Tax Revenues Existing MUD Proposed Tract(sl Total 22 Pre-Develoe pmnt General Fund Taxes �$./$686/100 (Date See Note 1) $ 4,260.20 $ 575.14 $ 4,835.34 23 Most Recent Year City Property Taxes CO $.686/$100 $ 172,232.92 $ 575.14 $ 172,808.06 24 Projected City Property Taxes @ $.686/$100 at Build Out $ 2,013,753.00 $ 137,337.20 $ 2,151,090.20 25 Most Recent Year MUD Rebate Amount $ 35,840.06 $ - $ 35,840.06 26 Projected MUD Rebate Amount at Build Out $ 440,325.00 $ 30,030.00 $ 470,355.00 Note 1: January 1, 1999 for Existing MUD and January 1, 2002 for Proposed Tract. Calculations Existing MUD Proposed Tracts) Total 27 Approx. Net Density at Build Out- Homes/Acre (Line 11/(3-9)) 3.12 4.05 3.17 28 Net Annual Revenue to City - Current Estimate (Line 23-25-22) $ 132,132.66 $ - $ 132,132.66 29 Net Annual Revenue to City - Build Out Estimate (Line 24-26-22) $ 1,569,167.80 $ 106,732.06 $ 1,675,899.86 City of Pearland In -City MUD Data Form MUD # 19 Date June 26, 2002 Existing Subdivisions Within Existing MUD Subdivision Name Area (Acres) Projected Lots Percent Complete Autumn Lake, Section 1 76.91 174 100% Cabot Cove, Section 1 36.01 100 100% Clear Creek Park 46.92 152 100% Park Village Estates, Section 1 21.45 76 100% Park Village Estates, Section 2 9.58 45 100% Park Village Estates, Section 3 13.53 59 100% South Hampton, Sections 1& 2 40.00 180 100% Villages at Edgewater, Section 5, Phase 1 33.60 55 100% Villages at Edgewater, Section 5, Phase 2 30.12 88 100% Total 308.12 929 City of Pearland In -City MUD Data Form MUD # 19 Date June 26, 2002 Proposed Subdivisions Within Annexation Request Subdivision Name Area (Acres) Projected Lots Percent Complete Cypress Village 38.00 154 0% City of Pearland In -City MUD Data Form MUD # 19 Date June 26.2002 Existing Non -Residential Businesses Within Existing MUD Business Name West Pearland Medical Center Type of Business Medical Care Center City of Pearland In -City MUD Data Form MUD # 19 Date June 26.2002 Proposed Non -Residential Businesses Within Annexation Request Business Name None Type of Business City of Pearland In -City MUD Data Form MUD # 19 Date June 26, 2002 Anticipated Future Annexation Requests General Tract Description None at this time. Area (Acres) Projected Lots