R2019-295 2019-12-09 RESOLUTION NO. R2019-295
A Resolution of the City Council of the City of Pearland,Texas,authorizing the
City Manager or his designee to enter into three(3)Letter Finance Agreements
with Reinvestment Zone No. 2, City of Pearland, Texas, associated with Fire
Station No. 8, the Shadow Creek Library and the Shadow Creek Nature Trail
Connection.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That certain Letter Finance Agreements between the City and Reinvestment
Zone No. 2, City of Pearland, Texas, copies of which are attached hereto as Exhibit"A", "B"and "C"
and made a part hereof for all purposes are hereby authorized and approved.
Section 2. That the City Manager or his designee is hereby authorized to execute and
the City Secretary to attest the Letter Finance Agreements attached hereto.
PASSED, APPROVED and ADOPTED this the 9th day of December, A.D., 2019.
`s TOM REID
''' � MAYOR
ATTEST:
C1SAAM;t-d/i
MARIA RODRIGUEZ
INTERIM CITY SECRETARY
AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
EXHIBIT A
REINVESTMENT ZONE NO. TWO, CITY OF PEARLAND, TEXAS
October 28, 2019
The Honorable Tom Reid
City of Pearland
3519 Liberty Drive
Pearland,Texas 77581
Re: Financing for TIRZ Improvements: City of Pearland Fire Station#8;
TIRZ Project No. 19-10-001
•
Dear Mayor Reid:
The City of Pearland, Texas (the"City") and Reinvestment Zone No. Two,
City of Pearland, Texas (the "Zone"). have determined to proceed with the
following TIRZ Improvements, as contemplated by the Original and Fourth and
Fifth Amendments to Project Plan and Reinvestment Zone Financing Plan:
City of Pearland Fire Station No. 8; TIRZ Project No. 19-10-001
Attached to this letter is a map showing the area which is benefited by the
TIRZ Improvements over which the available Tax Increment will be applied for
purposes of determining when reimbursement is made. The City has agreed to
pre-finance the design and construction of the TIRZ Improvements and the Zone
agrees to reimburse the City pursuant to the terms of TIRZ Project
Implementation and Reimbursement Process.
The Zone hereby gives its approval of the above described TIRZ
Improvements. All applicable procedures set forth in the document entitled
"TIRZ Project Implementation and Reimbursement Process"-must be followed.
The Zone's Engineer has determined that the budget (using 2019 dollars)
established in the Zone's Fourth and Fifth Amendments to Project Plan and
Reinvestment Zone Financing Plan for the above described TIRZ Improvements
is S13,825,472, which includes construction cost, design cost, associated response
apparatus, and contingency. The Zone is not obligated to reimburse the City for
any amount in excess of that budgeted amount.
816212
This agreement was duly authorized at a meeting of the Board of •
Directors of the Zone held on the 28111 day of October, 2019.
Very truly yours,
REINVESTMENT ZONE NO. 2
CITY OF PEARLAND, TEXAS
(SHADOW CREEK RANCH)
ATTEST:
By: ( kik'
L
Chairman, Board of Directors
By: ,AaI 1
Secretary,Board of Directors
H1G212
EXHIBIT B
REINVESTMENT ZONE NO. TWO, CITY OF PEARLAND, TEXAS
October 28, 2019
The Honorable Tom Reid
City of Pearland
3519 Liberty Drive
Pearland, Texas 77581
Re: Financing for TIRZ Improvements: Shadow Creek Ranch Library;
TIRZ Project No. 19-10-002
Dear Mayor Reid:
The City of Pearland,Texas (the "City") and Reinvestment Zone No. Two,
City of Pearland, Texas (the "Zone") have determined to proceed withthe
following TIRZ Improvements, as contemplated by the Original and Fourth_and
. Fifth Amendments to Project Plan and Reinvestment Zone Financing Plan:
Shadow Creek Ranch Library; TIRZ Project No. 19-1.0-002
Attached to this letter is a map showing the area which is benefited by the
TIRZ Improvements over which the available Tax Increment will be applied for
purposes of determining when reimbursement is made. The City has agreed to
pre-finance the design and construction of the TIRZ Improvements and the Zone
agrees to reimburse the City pursuant to the terms of TIRZ Project
Implementation and Reimbursement Process.
The Zone hereby gives its approval of the above described TIRZ
Improvements. All applicable procedures set forth in the document entitled
"TIRZ Project Implementation and Reimbursement Process" must be followed.
The Zone's Engineer has determined that the budget (using 2019 dollars)
established in the Zone's the Original, Fourth and Fifth Amendments to Project
Plan and Reinvestment Zone Financing Plan for the above described TIRZ
Improvements is $24,050,284, which includes construction cost, design cost, and
contingency. The Zone is not obligated to reimburse the City for any amount in
excess of that budgeted. amount.
R16214
PASSED AND APPROVED this `i day of 1J2efr"�t 2 , 2019.
CITY OF PEAR TEXAS
Coed
. Torn Reid
Mayor
ATTEST:
• Maria Rodriguez
Interim City Secretary
•
•
•
816212 _ •
•
This agreement was duly authorized at a meeting of the Board of
Directors of the Zone held on the 28th day of October,2019.
Very truly yours,
REINVESTMENT ZONE NO. 2
CITY OF PEARLAND, TEXAS
(SHADOW CREEK RANCH)
ATTEST:
't + 3
By:
L ts - i
Chairman, Board of Directors
By:Azz,
Secretary, Board of Directors
•
816214
v"
PASSED AND APPROVED this �� c a w�Iv-N
day of , 2019.
CITY OF PEARLA• TEXAS
UYYL cel
Torn Reid
Mayor
ATTEST:
Maria Rodriguez
Interimm City Secretary
•
81621.i
EXHIBIT C
REINVESTMENT ZONE NO. TWO, CITY OF PEARLAND, TEXAS
October 28, 2019
The Honorable Tom Reid
City of Pearland
3519 Liberty Drive
Pearland, Texas 77581
Re: Financing for TIRZ Improvements: Shadow Creek Ranch Nature
Trail Connection; TIRZ Project No. 19-10-003
Dear Mayor Reid:
The City of Pearland, Texas (the "City") and Reinvestment Zone No. Two,
City of Pearland, Texas (the "Zone") have determined to proceed with the
following 'MRL Improvements, as contemplated by the Original and.Fourth and
Fifth Amendments to Project Plan and Reinvestment Zone Financing Plan:
Shadow Creek Ranch Library;TIRZ Project No. 19-104)03
Attached to this letter is a map showing the area which is benefited by the
TIRZ Improvements over which the available Tax Increment will be applied for
purposes of determining when reimbursement is made. The City has agreed to
pre-finance the design and construction of the TIRZ Improvements and the Zone
agrees to reimburse the City pursuant to the terms of TIRZ Project •
Implementation and Reimbursement Process.
The Zone hereby gives its approval of the above described TIRZ
Improvements. All applicable procedures set forth in the document entitled
"TIRZ Project Implementation and Reimbursement Process" must be followed.
The Zone's Engineer has determined that the budget (using 2019 dollars)
established in the Zone's Original, Fourth, and Fifth Amendments to Project Plan
and Reinvestment Zone Financing Plan for the above described TIRZ
Improvements is $790,910, which includesconstruction cost, design cost, and
contingency. The Zone is not obligated to reimburse the City for any.amount in
excess of that budgeted amount.
816215
•
. This agreement was duly authorized at a meeting of .the Board of
Directors of the Zone held on the 28th day of October,2019.
Very truly yours, •
REIN VESTMENT ZONE NO.2
CITY OF PEARLAND, TEXAS
(SHADOW CREEK RANCH)
ATTEST: / -�-
By:
Chairman, Board of Directors
By: 1 liG2N ,'
l
Secretary,Board of Directors
•
8167.15
PASSED AND APPROVED this ? day of -04-(*—Lew , 2019.
CITY OF PEARL TEXAS
c--->4-in ( .-1--1Z—
Tom Reid
Mayor
ATTEST:
Maria Rodriguez
Interim City Secretary
•
816215