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Ord. 1261 04-10-06ORDINANCE NO. 1261 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, APPROVING THE ANNEXATION BY BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 OF 58.0994 ACRES OF LAND. WHEREAS, Brazoria County Municipal Utility District No. 28 ("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. 1055 dated March 11, 2002; 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 RESOLVED 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 "Petition for Consent to Annex Land Into Brazoria County Municipal Utility District No. 28 (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 the 58.0994 acres described in the Petitions and the exhibits attached hereto, into the District conditioned upon the terms set forth in Ordinance No. 1055. 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 resolved. ORDINANCE NO. 1261 PASSED and APPROVED on FIRST READING this the 27th day of March, A. D., 2006. TOM REID MAYOR ATTEST: PASSED and APPROVED ON SECOND AND FINAL READING this the 10th day of April, A. D., 2006. ATTEST: APPROVED AS TO FORM: 4DAR IN M. COKER CITY ATTORNEY 2 ,_,).,) 2, TOM REID MAYOR Feb 21 06 02:13p eB-P1 -2996 99: 47 FRt is K IMAM 7138606613 4 IUae' =etibbe3nie7�CDO LieP City of Pearland In -City MUD Application Checklist MUD # I3RAZORIA COUNTY MUD NO. 28 Date February 21, 2006 Attach this sheet as a cover to the completed information and check each box. aFully completed City of Pearland In -City MUD Data Form. Existing Subdivisions Form. La -Proposed Subdivisions Form. t��J Listing Non -Residential Businesses Form. t.�Proposed Non -Residential Businesses Form. aticipated Future Annexations Form. 4Ad 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. apetalled 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 ..Pane South Central NAD ) l� Fully completed and signed annexation petitions with metes and bounds boundary descriptions for all tracts — 12 copics_ Consent by the City of Pearland for in -city MUD creations and annexations into existing in -city MUDs is not final until the adoption on second reading of th.e creation/arunexaticm =inanct. The annexation/creation ordinance will only be considered simultaneously with the first and secondreadings of the zoning ordinance, if required, for the property under consideration. The applicant is advised to examine the schedule requircmcnts for the zoning process to ensure timely consideration of this application. Due to changes in market conditions and other variable, neither the MUD nor the developer(s) guarantee any of the projections or estimates provided in this Application. THE MAVERICK GROUP, L.P., a Louisiana limited liabiljty partnership N »:ne_ John Kelly Title: Managing Partner 921 k, City of Pearland In -City MUD Application Checklist MUD # BRAZORIA COUNTY MUD NO. 28 Date February 21, 2006 Attach this sheet as a cover to the completed information and check each box. VFully completed City of Pearland In -City MUD Data Form. 'Fy �J EExisting Subdivisions Form. L:1,P-roposed Subdivisions Form. a -Existing Non -Residential Businesses Form. I�Proposed Non -Residential Businesses Form. -�,Anticipated Future Annexations Form. LJ 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 �-yMUD tract and each proposed tract to be annexed. aDetailed 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 final 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. INVESTCORP I, LTD., a Texas limited partnership By: Investcorp, LLC, a Texas limited liability c mpany its sole general partner By: Name: Jawad Sarwar Title: President 92108 1 2 General Information Proposed Zoning Classification (also show on map) Projected Date of Completion ot All Homes/Businesses City of Pearland In -City MUD Data Form MUD # BCMUD No. 28 Date: February 20.2006 Existing Proposed MUD Tract(s) R-2, R-3 2010 Existing MUD R-2. PUD (R2.GB) 2010 Proposed Treet(s) Total 3 Ina FA Total Acreage 511.3664 58.0994 569.4658 4 Currently Plated Residential Acreage (including road rights of way) 277.5438 0 277.5438 5 Currently Platted Commercial Acreage (including road rights of way) 0 5.006 5.008 6 Currently Undeveloped Acreage 132.926 29.6044 162.5304 7 Projected Undeveloped Acreage to be Platted Residential 132.926 24.4744 157.4004 8 Projected Undeveloped Acreage to be Platted Commensal 0 5.13 5.13 9 Curren and Projected Detention 8, Transmission Utility Easements (acres) 74.51119 11.97 86.5519 10 All Other Acreage (Landscaping Reserves. Parks, etc) 26.3147 11.519 37,8337 Note. Lines 7 and 8 should total to Line 6. Lines 4. 5, 6, 9, and 10 should total 10 Line 3. Line 3 should equal the total acreage in the MUD or the Proposed Tracts. Existing MUD Proposed Trattisl Total 11 Total Existing and Planned Residential Lots 1354 178 1532 12 Number of Currently Completed/Oocupied Hanes 218 0 218 13 Number of Currently Completed Lots 0 0 0 14 Number of Lots Under Construction 56 0 56 15 Number of Future Lots 1080 178 1258 Note Lines 12, 13, 14. and 15 should total to Line 11 Existing MUD Proposed Treats} Total 16 Most Recent BCAD Valuation (Date: January 1. 2005) $ 24,994,755,00 $ 1,966,120.00 5 26,960,875.00 17 Projected Total Valuation at Build Out Date $ 223,410,000.00 $ 42,930,000.00 5 266,340,000.00 18 Projected Residential Valuation at Build Out $ 223,410,000.00 3 32,930,000.03 $ 256,340;000_00 19 Projected Commercial Valuation at Build Out 3 - 5 10,0D0,000.00 $ 10,000,000.00 20 Estimated Average Home Value 5 165,000.00 S 185,00D.00 $ 175,000.03 21 Estimated Average Home Value - at Build Out 3 165,000.00 $ 165,000.00 $ 175,000.00 Note Lines 18 and 19 should total to Lune 17 Existing MUD Proposed Tracts) Total 22 Pre -Development General Fund Taxes (Existing MUD 1/1/03 @$.686/100; Prop Tracts 1/1/05 ©3.674/ $ 3,183.62 $ 13,259.51 $16,413.13 23 Most Recent Year City property Tames 0 $.6744/3100 as of 1/1105 $ 168,564.63 $ 13,269.51 $181524.14 24 Pro acted C Pra Taxes $.6744/5100 at Build Out $ 1,506,677.04 $ 289,519.92 51,796,196.96 25 --•- ■ $ 37,492.13 $ $37,492.13 5399,510.00 26 Projected MUD Rebate Amount at Build Out $ 335,115.00 $ 64,395.00 Proposed Tractfsi Total 27 v...MN w■.. Approx. Net Density at Build Out- Hones/Acre (Line 11/(3-9)) $ 3.10 $ 3.86 S 3.17 26 Net Arual Revenue to City -Current Estimate (Line 23-25-22) $ 127,688.88 5 - 3 127,888.88 29 Net Annual Revenue to City - Build Out Estimate (Line 24-26-22) 5 1,168,376.42 $ 211,865.41 $ 1,380,243,83 w/lend/1711 /annexation/MUDDataForm_020806 3/1/2006 City of Pearland In -City MUD Data Form MUD i BCMUD No. 28 Date: February 20, 2006 Subdivision Name r Area (Acres) Protected Lots Percent Complete Creekside Sermon Ore 29.3950 91 100 Creekside Section Two 26.7510 107 100 Canerbu Park Section One 170.7480 463 100 Twin Lakes 64.8069 130 100 Spring Meadows 41.9495 138 75 Stonebridge Section 1 44.7900 98 60 Stonebridge Section 2 39.0400 140 0 Stonebridge Section 3 39.5000 65 0 Future Canterbury Park 54.386 122 0 wfandt1711lannexatiONMUDDataFarm 020606 31J2006 City of Pearland In -City MUD Data Form MUD 16CMUD No. 28 Date: February 20. 2006 Proposed Subdivisions Within Annexation Request Subdivision Name 14.9938 Acre Tract - Emerald Stone 10.4698 Acre Tract - Province Village 26.9045 Acre Tract - Province Village 5.7317 Aces Tract - Province Village Area (Acres) 14.9936 10.4696 26.9045 5.7317 Projected Lots 38 26 84 28 Percent Complete 0 0 0 0 wtland11711/anexationIMUDDateForm_020806 3/1(2006 City of Pearland In -City MUD Data Form MUD # BCMUD No. 28 Date: February 20, 2006 Existing Non -Residential Businesses Within Existing MUD Business Name None Type of Business None wAantlW17111annexation/MUDOa1aForm Q20806 3/1/2006 City of Peariand In -City MUD Data Form MUD# BCMUD No. 26 Date: February 20. 2006 Proposed Non -Residential Businesses Within Annexation Request Business Name 5.006 General Business Tract -Not known at this time ( Plat Recorded ) 5.13 General Business Tract - Future buisness park Expected (Plat not yet recorded) Type of Business GB GB wlland/1711tannexatoolMUDDataFa t_020806 /2006 City of Pearland In -City MUD Data Form MUD BCMUD No. 28 Date: February 20, 2006 Anticipated Future Annexation Requests General Tract Description Not known at this line. Area (Acres) Projected Lots wliadf1711rannexatloniMUDDataForm_020806 3/1/2006