Ord. 1585 2019-12-09 ORDINANCE NO. 1585
An Ordinance of the City Council of the City of Pearland, Texas, amending
the Project Plan and Reinvestment Zone Financing Plan for Reinvestment
Zone Number Two (Amendment No. 5), City of Pearland, Texas to facilitate
the construction of City facilities and infrastructure improvements
("Improvements"); authorizing the City Secretary to distribute such plans;
containing findings and provisions related to the foregoing subjects; and
providing for severability.
WHEREAS, the City of Pearland, Texas (the "City"), pursuant to the provisions of
Chapter 311, Texas Tax Code, created Reinvestment Zone Number Two, City of Pearland,
Texas (the "Zone"), for the purposes of redevelopment of the area of the City within the Zone;
and
WHEREAS, the proposed 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 and the residents
of Shadow Creek Ranch; and
WHEREAS, the Project Plan and Reinvestment Zone Financing Plan adopted in
connection with the creation of the Zone (the "Plans") should be amended to reflect construction
of the Improvements, and the Board of Directors of the Zone have unanimously recommended
that the City Council approve Amendment No. 5.
WHEREAS, a public hearing on the amendment to the Plans has been scheduled and
will take place in conformance with the provisions of Sections 311.011(e) and 311.003(c) and
(d) of the Texas Tax Code.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
PEARLAND, TEXAS THAT:
Section 1. The facts and recitations contained in the preamble of this Ordinance are
hereby found and declared to be true and correct and are adopted as part of this Ordinance for
all purposes.
Section 2. The Plans are hereby amended as provided in Exhibit "A" attached
hereto to accommodate the addition of the annexed tract to the Zone. The Plans as amended
(the "Amended Plans") are hereby determined to be feasible and are approved. The
appropriate officials of the City are authorized to take all steps reasonably necessary to
implement the Amended Plans.
Section 3. The City Secretary is directed to provide copies of the Amended Plans to
each taxing unit currently participating in the Zone.
Section 4. If any provision, section, subsection, sentence, clause or phrase of this
Ordinance, or the application of same to any person or set of circumstances is for any reason
be held to be unconstitutional, void or invalid, the validity of the remaining provisions of this
Ordinance shall not be affected thereby, it being the intent of the City Council in adopting this
Ordinance that no portion hereof or provision or regulation contained herein shall become
ORDINANCE NO. 1585
inoperative or fail by reason of any unconstitutionally, voidness or invalidity of any other portion
hereof, and all provisions of this Ordinance are declared to be severable for that purpose.
Section 5. The City Council officially finds, determines, recites and declares that a
sufficient written notice of the date, hour, place and subject of this meeting of the City Council
was posted at a place convenient to the public at the City Hall for the time required by law
preceding this meeting, as required by the Open Meetings Law, TEx. GOV'T CODE ANN., Ch.
551; and that this meeting was open to the public as required by law at all times during which
this Ordinance and the subject matter thereof was discussed, considered and acted upon. The
City Council further ratifies, approves and confirms such written notice and the contents and
posting thereof.
PASSED AND APPROVED ON FIRST READING this the 25th day of November, A. D., 2019.
CITY OF PEARLAND TEXAS
000
i = Tom Reid
= Mayor
ATTEST: ''4gniN%0,``,`.
•
•
trMaria Rodriguez
Interim City Secretary
PASSED AND APPROVED ON SECOND AND FINAL READING this the 9th day of December,
A. D., 2019.
CITY OF PEAR TEXAS
114-. 1 Tom Reid
Mayor
ATTEST: ' 49,11110���```
1-1A11)24.. 9e Le`ipj)Jt-dir'zI
Maria Rodriguez
Interim City Secretary
APPROVED AS TO FORM:
Darrin M. Coker
City
2
EXHIBIT A
REINVESTMENT ZONE NUMBER TWO
CITY OF PEARLAND, TEXAS
5th AMENDMENT TO PROJECT PLAN
AND REINVESTMENT ZONE
FINANCING PLAN
WW1
111111111
SHADOW
CREEK
RANCH
CITY COUNCIL
2019 Council Members
Mayor Hon. Tom Reid
Mayor Pro-Tern Hon. J. David Little
Council Member Hon. Luke Orlando
Hon. Derrick Reed
Hon. Gary Moore
Hon. Adrian Hernandez
Hon. Trent Perez
Hon. Woody Owens
City Manager Clay Pearson
5th Amendment to TIRZ 2 Project and Financing Plan 2
BOARD OF DIRECTORS
2019 Board Members
Position 1 Buck Stevens
State Senator Designee
Position 2 Thomas King
State Representative Designee
Position 3 Herb Fain, Jr., Chair
City of Pearland Designee
Position 4 Gary Cook, Vice Chair
City of Pearland Designee
•
Position 5 Kenneth R. Phillips
City of Pearland Designee
Position 6 Jo Knight
City of Pearland /Alvin
Independent School District
Designee
Position 7 Geoff Tonini
Alvin Independent School District
Designee
Position 8 Ali Hasanali
Fort Bend County Designee
Position 9 Larry Loessin
Brazoria County Designee
5th Amendment to TIRZ 2 Project and Financing Plan 3
5th AMENDMENT TO THE PROJECT PLAN AND
REINVESTMENT ZONE FINANCING PLAN FOR
REINVESTMENT ZONE NUMBER TWO,
CITY OF PEARLAND, TEXAS (SHADOW CREEK RANCH)
I. OVERVIEW
This 5th Amendment to Tax Increment Reinvestment Zone Number Two, City of
Pearland, Texas (the "Zone" or "Shadow Creek Ranch TIRZ") Project Plan and
Reinvestment Zone Financing Plan (the "Plan") is necessary to facilitate the construction
of library and transportation improvements to serve the residents of within Shadow Creek
Ranch and the City of Pearland.
II. 5th Plan Amendment
This amendment increases the permitted budget amounts for two categories of
improvements that are already in the approved project budget. No additional project
categories are added. These budget increases are necessary to increase the size of the
proposed library to accommodate additional Brazoria County satellite service offices and
to assist Fort Bend County with financing of the FM 521 widening project.
When adopted, this 5th Plan Amendment will not amend any portion of the Project Plan
and Reinvestment Zone Financing Plan except as described below. With the
recommendation for approval of this 5th Plan Amendment by the Board of Directors of
the Zone and approval by the City Council of Pearland, the following sections of the
Reinvestment Zone Project Plan and Reinvestment Zone Financing Plan shall be
amended as follows:
Project Plan
No Changes
Reinvestment Zone Financing Plan
A. Estimated Project Cost Description (311.011(c)(1)
Section 1. Infrastructure Improvements. Exhibit E in the Financing Plan is amended
as described in the amended Exhibit E attached hereto with total estimated additional
Project Costs for infrastructure improvements of$2,479.000.
5th Amendment to TIRZ 2 Project and Financing Plan 4
A. Estimated Project Cost Description (311.011(c)(1)
Section 4. City Facilities. Library facilities in the Zone are considered City Facilities.
Exhibit E in the Financing Plan is amended as described in the amended Exhibit E
attached hereto with total estimated additional Project Costs for City Facilities
improvements of$5,250,000.
D. Estimate of Bonded Indebtedness 311.011(c)(4)
The estimated amount of bonded indebtedness will be increased by an amount
sufficient to fund and/or reimburse the estimated $7,729,000 million increase in the
project budget, subject to the cost adjustment according to the Engineering News
Record Index over the life of the Zone.
5th Amendment to TIRZ 2 Project and Financing Plan 5
AMENDED EXHIBIT E
TIRZ BUDGET
Exhibit E Jan.1999 ENR Index=6000
Rei vestment Zone No.2.City of Pearland,T% Jan.2006 ENR Index =7600
Budget Jan.2018 ENR Index=10878
Jan.2019 ENR Index=11206
Item TIRZ Budget as 1st Plan 2nd Plan 3rd Plan 4th Plan Sth Plan
approved Amendment Amendment Amendment Amendment Amendment
(08/23/99) 103/27.06) 110/25/06) (10/23/061 (06/18118) (10/28/19)
infrastructure
Streets
Pavement 12,610,050 1,634.000
Sidewalls 1,859 400
Landscapring and Irrigation 9,675,350
Entry Monuments 735,320
Lighting 125,900
Broadway Widening and Signalization 2,831,789
Business Center Drive Paving 852,722
Memorial Hermann Drive Paving 383,107
Water System 3.026,863 563,000
Wastewater System 6,940,964 1,029,000
Storm Water Sysem 10,195,776 1,649,000
Lakes and Channels
Improvements 29,121,915 5,625,600
Land Cost 4,597,889 6,675,000
Detention and Drainage
Land Cost 2,850,000
Beautificartoni Deepening/Pond Creation 200,000
Site Drainage Fad Ries 1,842,000
Park and Recreation
Improvements 5,155 524 5573,025
Land Cost 2,333,545
Landscaping
Business Center Drive 157,500
Memorial Hemann Drive 67,500
Overhead Utilities Placed Underground 1,200,000
Pipeling Relocation 700,000
Major Improvements
Water Plants
Land Cost 20,000
WWTP 340,000
Lift Station 300,000
Traffic Signals 600,000 550,000
MtHard Road Reimbrusables
M iscel a neo us 150,000
Signal 100,000
SH 218 Access Road 1,000,000
FM 518 Improvemens 6,435,600
Broadway/FM 518 Improvements 7,100,000
Contingencies and Engineering
Contingencies(10%) 8,181,116 1,733,620
Engineering(15%) 11,274,211 2,860,473 490,000 900,000
Master Drainage Plan Costs 70,000
Enviornmental Study Costs 100,000
Shadow Creek Ranch Park Phase Il 9,720,000
Shadow Creek Trail-SCR Park Trar to•irb•;
and SCR Trail System 767,760
Shadow Creek Trail Phase n-Along Clear
Creek Relief Ditch&Library Trail 1470,000
Shadow Creek Parkway Landscaping,Street
7'10,000
Lighting&Sidewalks
Intersection improvements(BCD/SCP,
7,957,160
BCD/Broadway,etc)
Sidewalk Extensions 1,137,701
FM 521 Expansion Project 2,479,000
Subtotal 108,267,923 54,474,218 11,574,618 8,000,000 28,192,621 2,479,000
The b,.cr,e=:'no r r:.e not been adj.-mud for inF.utim.
5th Amendment to TIRZ 2 Project and Financing Plan 6
Continued from page 6
item 1182 Budget as 1st Plan 2nd Plan 3rd Plan 4th Plan 5th Plan
approved Amendment Amendment Amendment Amendment Amendment
(08/23/99) (03/27/06) (10./23/06) (10/23!061 (06./18.!181 :10.125119)
Zone Administration/Creation
Tin Administration 11-3 Years) 466,000
P.eimbursab'e TIRZ Creation Costs 900,000
Annexation Costs 230,000
Plan Amendment Costs 175.000
Subtotal 1,366.000 250,000 175,000
Infrastructure Total 109,633,923 34,724,218 11.749.618 8,000,000 28,192,621 2,479.000
Cite Facilities
Library
Improvements 2,395,000 14,255,174 5,250.000
Land Costs 105,000
Fire/Police Station
Improvements 2,255,000 9.878.439
Land Costs 245,000
Subtotal 5,000,000 0 0 0 24,131,614 5,250.000
Educational Facilities
A:SD Elementary School 41,600,000
4150 Jr.High School 21.450,000
AISD Fresh/Soph Campus 34,050,000
F8150 Elementary School 11,000,000
FEISD Middle School 26,000,000
Subtotal 134,100,000 0 0 0 0 0
City Facilities Total 248,733,923 34,724,218 11,749,618 3,000,000 52,324,235 7,729,000
1The ar;et:,o.^nr.e not been adju-ted for in#rion.
5'Amendment to TIRZ 2 Project and Financing Plan 7