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Ord. 1261 03-27-06ORDINANCE 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. , i' 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: DAR IN M. COKER CITY ATTORNEY 2 _)o-it) 4 TOM REID MAYOR PETITION FOR CONSENT TO ANNEX LAND INTO BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 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. 28 (the "District") and The Maverick Group, L.L.P., ("The Maverick Group") a Louisiana limited liability partnership ("Petitioner"), 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 tracts 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 by the Texas Commission on Environmental Quality on February 27, 2003, and is governed by the provisions of Chapters 49 and 54, Texas Water Code, as amended. II. The Maverick Group holds fee simple title to the Land sought to be annexed to the District, as indicated by recorded deed and certificate of ownership provided by the applicable County Appraisal District. The Land is situated wholly within Brazoria County, Texas and Harris 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 seq., as amended) of any city, town or village, except the city limits of the City of Pearland, Texas. All of the territory proposed to be annexed may properly be annexed into the District. 90406 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. 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 Petitioner certifies that the only lienholder on the Land is the International Bank of Commerce. 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. 90406 2 IX. The undersigned estimate, from such information as they have at this time, that the cost of constructing the District's facilities to serve the Land sought to be annexed is $2,428,207 and that the cost of constructing 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] 90406 -3 RESPECTFULLY SUBMITTED this / S 1`' day of f-c �i.• u �/ , 2006. BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 ARM( (` '0 -Vice President, Board of Directors ATTEST: Secretary, Board of Di ctor,".-4:'\i !"1./N/C//,''',, • .G% �' ' •. - 1. .- (SEAL) . 1 ids 7` THE STATE OF TEXAS It, , COUNTY OF HARRIS § This instrument was acknowledged before me on this /f day/e6ra.• , 2006, by lhn The in # $ as Vice President, and oti., .SaPaf-- as Secretary, of the Board of Directors of Brazoria County Municipal Utility -District No. 28, a political subdivision of the State of Texas, on behalf of said political subdivision. (NOTARY SEAL) SHARON COVAN Notary Public, State of Texas My Commission Expires March 29, 2008 107 otary Public, State of Texas 90406 - 4 THE STATE OF re y4 S COUNTY OF /7'4'RR/S § § THE MAVERICK GROUJ', L.L.P., a Louisiad iiabity partnership By: Name: John Kelly Title: Managing Partner This instrument was acknowledged before me on this /S '' day of %C�ryi , 2006, by John Kelly, Managing Partner of The Maverick Group, L.L.P., a Louisiarfa limited liability partnership, on behalf of said partnership. (NOTARY SEAL) SHARON COVAN Notary Public, State of Texas My Commission Expires `-4:4fast‘' March 29, 2008 • Notary Public, State of Texas 90406 -5 EXHIBIT A February 15, 2006 Job No. 1711-2800-M44 DESCRIPTION OF 14.9936 ACRES PROPOSED ANNEXATION TRACT 2 BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 Being 14.9936 acres of land located in the Thomas J. Green Survey, A-198, Brazoria County, Texas, being all of that certain tract called 15.0000 acres described as Tract 1, in a Special Warranty Deed to the MAVERICK GROUP, L.L.P recorded in File No. 2004050556 of the Brazoria County Official Records, (B.C.O.R.), being more particularly described by metes & bounds as follows, all bearings referenced to the Texas State Plane Coordinate System, Texas South Central Zone; BEGINNING at a found 5/8-inch iron rod with an aluminum cap, stamped "THOMPSON SURVEYING R.P.L.S 3987", said iron rod being the most northerly corner of LOWE'S HOME CENTER PEARLAND, a subdivision recorded in Vol. 20, Pages 395-396 of the Plat Records of Brazoria County, Texas (B.C.P.R.), also being in the easterly right-of-way of Pearland Parkway (130 feet wide); THENCE, along and with the easterly right -of way line of Pearland Parkway, North 41° 56' 16" East, a distance of 648.81 feet, to a found 5/8-inch iron rod with cap, stamped "LANEY R.P.L.S 1718"; THENCE, departing said easterly right-of-way line, and along and with the southerly line of Clear Creek Park, a subdivision recorded in Vol. 21, Pages 67-68 (B.C.P.R.), South 66° 47' 36" East, a distance of 1275.52 feet, to a found 5/8-inch iron rod in the northerly line of a 90 foot wide drainage easement, recorded in Vol. (87) 496, Page 765, (B.C.O.R.); THENCE, along and with said drainage easement the following three (3) courses: 1) South 69° 50' 59" West, 608.51 feet, to a found 5/8-inch iron rod; 2) South 63° 16' 40" West, 163.17 feet, to a found 5/8-inch iron rod; C:\Documents and Settings\rcharitat\My Documents\Province_Village\Legal_Desc\14_9acm&b.doc Page 1 of 2 14.9936 Acres February 15, 2006 Job No. 1711-2800-M44 3) South 48° 59' 24" West, 80.14 feet, to a found 5/8-inch iron rod; THENCE, departing said drainage easement, and along and with the southerly line of the above mentioned 15.000 acre tract, North 66° 46' 16" West, a distance of 901.53 feet to the POINT OF BEGINNING, and containing 14.9936 acres. This document was prepared under 22 TAC § 663.21, and does not reflect the results of an on -the -ground survey and is not to be used to convey or establish interests in real property except those rights and interests implied or established by the creation or reconfiguration of the boundary of the political subdivision for which it was prepared. LJA Engineering & Surveying, Inc. RICHARD CHARITAT URV C:\Documents and Settings\rcharitat\My Documents\Province_Village\Legal_Desc\14_9acm&b.doc Page 2 of 2 EXHIBIT A February 15, 2006 Job No. 1711-2800-M44 DESCRIPTION OF 26.9045 ACRES PROPOSED ANNEXATION TRACT 1 BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 Being 26.9045 acres of land located in the Thomas J. Green Survey, A-198, Brazoria County, Texas, being all of that certain tract called 26.9158 acres described as Tract 2, in a Special Warranty Deed to the MAVERICK GROUP, L.L.P recorded in File No. 2004050556 of the Brazoria County Official Records, (B.C.O.R.), being more particularly described by metes & bounds as follows, all bearings referenced to the Texas State Plane Coordinate System, Texas South Central Zone; BEGINNING at a set 5/8-inch iron rod with cap, stamped "LJA ENG." for the most easterly southeast corner of the above -mentioned 26.9158 acre tract, said iron rod also being in the northerly right-of-way line of F.M. 518 (100 feet wide), from which a 3/4-inch iron rod, found for the southwestern corner of a called 1.955 acre tract, conveyed to Houston Lighting & Power Company by instrument of record in Vol. 1147, Page 19 of the Brazoria County Deed Records (B.C.D.R.), bears North 24° 34' 47" West, 0.34 feet; THENCE, along and with the northerly right -of way line of F.M. 518, North 66° 48' 01" West, a distance of 765.52 feet to a found 5/8-inch iron rod found marking the most westerly corner of said 26.9158 acre tract and the southeasterly corner of a 90 foot wide drainage easement recorded in Vol. (87) 496, Page 765, (B.C.O.R.); THENCE, departing said northerly right-of-way line, and along and with the southeasterly line of said drainage easement and with said drainage easement the following five (5) courses: 1) North 41° 26' 38" East, 359.95 feet, to a found 5/8-inch iron rod; 2) North 41° 26' 50" East, 405.36 feet, to a found 5/8-inch iron rod; 3) North 49° 01' 27" East, 198.29 feet, to a found 5/8-inch iron rod; C:\Documents and Settings\rchantat\My Documents\Province_Village\Legal_Desc\26_9acm&b.doc Page 1 of 3 26.9045 Acres February 15, 2006 Job No. 1711-2800-M44 4) North 63° 16' 08" East, 146.95 feet, to a found 5/8-inch iron rod; 5) North 69° 53' 28" East, 590.48 feet, to a found 5/8-inch iron rod; THENCE, along and with the southerly line of same said drainage easement, South 50° 22' 57" East, at 225.83 feet pass the end of said easement and continue in all a distance of 282.02 feet, to a point for corner in the centerline of Clear Creek, said corner also being on the Harris County and Brazoria County line; THENCE, along and with said county line, the following seven (7) courses; 1) South 05° 04' 06" West, 52.51 feet to a point for corner; 2) South 01 ° 55' 38" East, 34.90 feet to a point for corner; 3) South 19° 24' 05" East, 39.69 feet to a point for corner; 4) South 23° 37' 01" East, 57.52 feet to a point for corner; 5) South 18° 04' 00" East, 79.51 feet to a point for corner; 6) South 18° 28' 02" East, 57.77 feet to a point for corner; 7) South 21° 02' 12" East, 75.39 feet to a point for corner; THENCE, departing said county line, and along and with the northwesterly line of an 80.00 foot wide fee strip conveyed to Houston Lighting & Power Company called 1.916 acres (described as Tract 2), and recorded in Vol. 1147, page 19 (B.C.D.R.), South 41° 13' 08" West, 64.30 feet to a found 5/8-inch iron rod; C:\Documents and Settings\rcharitat\My Documents\Province_Village\Legal_Desc\26_9acm&b.doc Page 2 of 3 26.9045 Acres February 15, 2006 Job No. 1711-2800-M44 THENCE, continuing with the northwesterly line of said Houston Lighting & Power Company fee strip, South 41° 11' 57" West, a distance of 724.73 feet to a found 3/4-inch iron pipe; THENCE, departing the westerly line of said fee strip, and along and with the northerly line of the above mentioned 1.955 acre Houston Lighting & Power Company tract, North 48° 46' 14" West, a distance of 249.56 feet to a found PK nail; THENCE, along and with the westerly line of the above mentioned 1.955 acre tract, South 41° 08' 37" West, a distance of 381.46 feet to the POINT OF BEGINNING, and containing 26.9045 acres. This document was prepared under 22 TAC § 663.21, and does not reflect the results of an on -the -ground survey and is not to be used to convey or establish interests in real property except those rights and interests implied or established by the creation or reconfiguration of the boundary of the political subdivision for which it was prepared. LJA Engineering & Surveying, Inc. O F T OOOO O, / w C:\Documents and Settings\rcharitat\My Documents\Province_Village\Legal_Desc126_9acm&b.doc Page 3of3 k EXHIBIT A February 15, 2006 Job No. 1711-2800-M44 DESCRIPTION OF 5.7317 ACRES PROPOSED ANNEXATION TRACT 3 BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 Being 5.7317 acres of land located in the W.D.C. Hall Survey, A-23, Harris County, Texas, being all of that certain tract called 5.7375 acres described as Tract 1, in a Special Warranty Deed to the MAVERICK GROUP, L.L.P recorded in File No. Y289682 of the Official Public Records of Real Property of Harris County, Texas, (H.C.O.P.R.R.P.), being more particularly described by metes & bounds as follows, all bearings referenced to the Texas State Plane Coordinate System, Texas South Central Zone; BEGINNING at a found 5/8-inch iron in the northwesterly right-of-way of Country Club Drive (80 feet wide), same said iron rod being the most southerly corner of the above called 5.7375 acre tract, and bears North 34° 25' 57" East, 166.30 feet from the intersection of the centerline of Clear Creek and the said northwesterly right-of-way of Country Club Drive; THENCE, departing the northwesterly right-of-way line of said Country Club Drive, and along and with the southerly line of the above mentioned 5.7375 acre tract the following three (3) courses: 1) North 16° 54' 50" West, a distance of 101.74 feet, to a found 5/8-inch iron rod; 2) North 57° 46' 53" West, a distance of 241.01 feet to a found 5/8-inch iron rod; 3) North 12° 31' 42" West, a distance of 243.09 feet to a found 5/8-inch iron rod in the southeasterly line of a called 8.805 acre tract conveyed to Houston Lighting & Power Company, as described in File No. D739468 (H.C.O.P.R.R.P.) THENCE, along and with said southeasterly line, North 42° 08' 14" East, a distance of 543.42 feet to a found 5/8-inch iron rod; C:\Documents and Settings\rcharitat\My Documents\Province_Village\Legal_Desc\5_7acm&b.doc Page 1 of 2 5.7317 Acres February 15, 2006 Job No. 1711-2800-M44 THENCE, departing said southeasterly line, and along and with the northeasterly line of the said 5.7375 acre tract, South 04° 51' 10" East, a distance of 27.77 feet to a found 5/8-inch iron rod, the beginning of a curve; THENCE, continuing with said northeasterly line, 446.36 feet along the arc of a non - tangent curve to the left, having a central angle of 42° 58' 56", a radius of 595.00 feet, and a chord which bears South 26° 19' 09" East, 435.96 feet to a found 5/8-inch iron rod, the end of said curve; THENCE, continuing with said northeasterly line, South 47° 33' 07" East, a distance of 27.39 feet to a found 5/8-inch iron rod in the northwesterly right-of-way of said Country Club Drive; THENCE, departing said northeasterly line of the above mentioned 5.7375 acre tract, and along and with the northwesterly right-of-way line of said Country Club Drive, South 34° 25' 57" West, a distance of 520.33 feet to the POINT OF BEGINNING, and containing 5.7317 acres. This document was prepared under 22 TAC § 663.21, and does not reflect the results of an on -the -ground survey and is not to be used to convey or establish interests in real property except those rights and interests implied or established by the creation or reconfiguration of the boundary of the political subdivision for which it was prepared. LJA Engineering & Surveying, Inc. C:\Documents and Settings\rcharitat\My Documents\Province_Village\Legal_Desc\5_7acm&b.doc Page2of2 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 90406 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. 90406 CERTIFICATE THE STATE OF TEXAS § § COUNTY OF BRAZORIA § I, the undersigned Secretary of the Board of Directors of Brazoria County Municipal Utility District No. 28, 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. 28 that was filed with the Board of Directors of the District on le 4-Yee a l, /�' , 2006. WITNESS MY HAND AND SEAL OF SAID DISTRICT this /J 715 day of ".e `?d•ce0 , 2006. 0 i •..ems o y(SEAL b; ; -1, y John Spear Secretary, Board of Directors 90406 PETITION FOR CONSENT TO ANNEX LAND INTO BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 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. 28 (the "District") and Investcorp I, Ltd., ("Investcorp") a Texas limited partnership ("Petitioner"), 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 by the Texas Commission on Environmental Quality on February 27, 2003, and is governed by the provisions of Chapters 49 and 54, Texas Water Code, as amended. II. Investcorp holds fee simple title to the Land sought to be annexed to the District, as indicated by certificate of ownership provided by the applicable County Appraisal District. 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 seq., as amended) of any city, town or village, except the city limits of the City of Pearland, Texas. All of the territory proposed to be annexed may properly be annexed into the District. 90581 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. 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 Petitioner certifies that the only lienholder on the Land is the Moody National Bank. 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. 90581 2 IX. The undersigned estimate, from such information as they have at this time, that the cost of constructing the District's facilities to serve the Land sought to be annexed is $282,000.00 and that the cost of constructing 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] 90581 3 RESPECTFULLY SUBMITTED this 15th day of February, 2006. ATTEST: BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 Vice President, Board of Directors Secretary, Board of Di ectors Q: 'Qv ,,�/�/!1/171i1H11+1i (SEAL) THE STATE OF TEXAS COUNTY OF HARRIS ti~ This instrument was acknowledged before me on this 15th day of February, 2006, by A n nA_ Td, o m 4 -N as Vice President, and 0-0 h n Stt'Us— as Secretary, of the Board of Directors of Brazoria County Municipal Utility District No. 28, a political subdivision of the State of Texas, on behalf of said political subdivision. (NOTARY SEAL) SHARON COVAN Notary public, State of Texas My Commission Expires March 29, 2008 r Notary Public, State of Texas 90581 4 PETITIONER: INVESTCORP I, LTD., a Texas limited partnership By: Investcorp, LLC, a Texas limited liability com any its sole general partner By: Name: Jawad Sarwar Title: President THE STATE OF TEXAS § § COUNTY OF 614 io^. «-- § This instrument was acknowledged before me on this 17.1 day o eit , 2006, by Jawad Sarwar, President of Investcorp, LLC, a Texas limited liability company, sole general partner of Investcorp I, Ltd., a Texas limited partnership, on behalf of said company and partnership. (NOTARY SEAL) GAYLYNN NAISER My Commission Expires August 3, 2009 .Not Public tate o Texas 90581 5 EXHIBIT A February 15, 2006 Job No. 1711-2800-M44 DESCRIPTION OF 10.4696 ACRES REVISED BRAZORIA COUNTY COUNTY MUNICIPAL UTILITY DISTRICT NO. 28 BOUNDARY TRACT 8 Being 10.4696 acres of land located in the H.T. & B.R.R. Company Survey, Section 6, Abstract - 544, Brazoria County, Texas, being out of that certain tract called Lot 40 of the Allison -Richey Gulf Coast Home Company Subdivision of Section 6, as shown on a plat recorded in Volume 136, Page 501 of the Brazoria County Deed Records (B.C.D.R.), more particularly being that certain tract of land described as Lot 40 save and except Volume 940, Page 701, Volume 1493, Page 233 of the Brazoria County Deed Records, and County Clerk's File Number 2004031034 of the Official Records of Brazoria County (B.C.O.R.), being more particularly described by metes & bounds as follows, all bearings referenced to the Texas State Plane Coordinate System, Texas South Central Zone (NAD-83); BEGINNING at the northeast corner of the aforementioned Lot 40 same being the northwest corner of Lot 41, and the common south corner of Lots 38 and 39 of aforementioned Allison -Richey Gulf Coast Home Company Subdivision of Section 6, same being in the south line of that certain called 17.495 acre tract conveyed to Howard E. Rathbun and Rosa Lynn Rathbun recorded in Volume (90) 757, Page 967 (B.C.O.R.), said Lot 41 conveyed to Charles Anthony Samperi recorded in Volume 1030, Page 852 (B.C.D.R.); THENCE, along and with the common lines of said Lots 40 and 41, South 03° 03' 00" East, a distance of 462.20 feet to a point for corner, same being the common south corner of said Lots 40 and 41, and the common north corner of Lots 42 and 43 of aforementioned Allison - Richey Gulf Coast Home Company Subdivision of Section 6, said Lot 42 being the unrecorded Silver Shadows Subdivision; THENCE, along and with the common line of said Lots 40 and 42, South 86° 57' 00" West, a distance of 986.70 feet to a point for corner in the east right-of-way line of O'Day Road (100 feet wide); C:\Documents and Settings\rcharitat\Desktop\10_5ac_bndy.doc Page 1 of 2 10.4696 Acres February 15, 2006 Job No. 1711-2800-M44 THENCE, along and with said east right-of-way line, North 03° 03' 00" West, a distance of 462.20 feet to a point for corner on the common line of said Lots 38 and 40, same being on the south line of aforementioned 17.495 acres THENCE, leaving said east right-of-way line and along and with the common line of said Lots 38 and 40, North 86° 57' 00" East, a distance of 986.70 feet to the POINT OF BEGINNING, and containing 10.4696 acres of land. This document was prepared under 22 TAC § 663.21, and does not reflect the results of an on -the -ground survey and is not to be used to convey or establish interests in real property except those rights and interests implied or established by the creation or reconfiguration of the boundary of the political subdivision for which it was prepared. LJA Engineering & Surveying, Inc. C:\Documents and Settings\rcharitat\Desktop\10_5ac_bndy.doc Page 2 of 2 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 90581 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. 90581 CERTIFICATE THE STATE OF TEXAS § § COUNTY OF BRAZORIA § I, the undersigned Secretary of the Board of Directors of Brazoria County Municipal Utility District No. 28, 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. 28 that was filed with the Board of Directors of the District on February 15, 2006. WITNESS MY HAND AND SEAL OF SAID DISTRICT this 15th day of February, 2006. John Spear Secretary, Board of Directors (SEAL) 90581 Feb 21 06 02:13p c8-F.1 -2006 09: 47 FROt1: K 1ASSA 4 7138506613 If1: crib.- teideo. 0161 P. 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. aFul1y completed City of Pearland In -City MUD Data Form. Existing Subdivisions Foorm. Proposed Subdivisions Form. � La xisting Non -Residential Businesses Form. t.iProposed Non -Residential Businesses Form_ cir nticipated Future Annexations Form. 4�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 diffcrcnt)for each existing MUD tract and each proposed tract to be annexed. ap� Detailed map of each tract (1."=200' scale) -12 copies, and an AutoCAD drawing file (.DWG) on LL) or 3-1/2" floppy disk (Texas State Plane South Central NAD 1 t�Fuliy completed and signed annexation pedticn-s with metes and bounds boundary descriptions for all tracts - 12 copies_ Consent by the City of Pearland for in -city MUD creations anci annexations into existing in -city MUDs is not final until the adoption on second reading of th.e creation/annexation ordnance. 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 requirtments for the zoning process to ensure timely consideration of this application. Due to changes in market conditions and other variably , 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 liability partnerbhip Name: John Kelly Title: Managing Partner 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. L i Fully completed City of Pearland In -City MUD Data Form. I��JyyExisting Subdivisions Foiiu. �a-�IProposed Subdivisions Form. UE-xisting Non -Residential Businesses Form. aProposed Non -Residential Businesses Form. 2.Anticipated Future Annexations Form. Li 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. �-y L7 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 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. INTVESTCORP I, LTD., a Texas limited partnership By: Investcorp, LLC, a Texas limited liability cpmpany its sole general partner By: Name: Jawad Sarwar Title: President 92108 2 General Information City of Pearland In -City MUD Data Form MUD* BCMUD No. 28 Date: February 20, 2006 Existing Proposed MUD Tract(s) Proposed Zoning Classirrcati 1(also show on map) Projected Date of Completion of All Homes/Businesses R-2, R3 2010 Existing MUD R-2, PUD (R2,G6) 2010 Proposed Traclts) Total 3 N VA Total Acreage 511.3664 58.0994 569.4658 4 CumenBYPlalted Residential Acreage (inducting 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 132.928 24.4744 157.4004 6 Projected Undeveloped Acreage to be Platted Commercial 0 5.13 5.13 9 Curren and Projected Detention 8 Trarwmissic 1 Utility Easements (acres) 74.5819 11.97 86.5519 10 All Other Acreage (Landscaping Reserves, Parks, etc) 26.3147 11.519 37.8337 Note Lines 7 and 6 should total to Line 6. Lines 4, 5, 6, 9, and 10 should total l0 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/Occupied Hanes 218 0 218 13 Number of Currently Completed Lots 0 0 0 14 Number of Lots Ureter Construction 56 0 56 15 Nurnber of Fubie Lots 1080 178 1258 Note Lines 12, 13, 14. aid 15 should total to Line 11 Existing MUD Proposed Troths) Total 16 rr vp. ry .unwoo Most Recent BCAD Valuation (Date: January 1. 2005) $ 24,994,755.00 $ 1,966,120.03 3 26,960,875.00 17 Projected Total Valuation at Build Out Date $ 223,410,003.00 $ 42 930,000.03 $ 266,340,000.00 18 Projected Residential Valuation at Build Out 3 223,410,000_00 3 32,930,000.03 $ 256,340,000.03 19 Projected Commercial Valuation at Build Out 3 - $ 10,000,000.00 $ 10,000,000.00 20 Estimated Average Home Value 5 165,000_00 3 185,000.00 $ 175,000.00 21 Estimated Average Home Value - at Build Out 3 165,000.00 5 185,00000 $ 175,000.00 Note Lines 18 and 19 should total t0 Line 17 Existing MUD Proposed Tracts) Total 22 rruf/Crly lax RCw in.c Pre -Development General Fund Taxes (Existing MUD 1/1/03 it, $.686/103; Prop T ac.b 111/05' $.874/ $ 3,183.62 $ 13,259.51 $16,443.13 23 Most Recent Year City Property Taxes 0 $.6744/5100 as of 1(1 /05 $ 168,564.63 $ 13,259_51 5181,824.14 24 Projected City Property Taxes cip $.6744/$100 at Build Out $ 1,506,677.04 3 289,519.92 51,796,196.96 $37,492.13 25 Most Rece t Year MU D Rebate Amount $ 37,492.13 $ - 26 1Projected MUD Rebate Amount at Build Out $ 335.115.00 $ 64,395.00 $399,510.0D Proposed Tracblsl Total 27 l,alcuraucrnn Approx. Net Density at Build Out Homes/Acre (Line 11/(3-9)) $ 3.10 $ 3.86 3 3.17 28 Net Annual Revenue to City - Current Estimate (Line 23-25-22) $ 127,888.138 5 - 5 127,868.88 29 Net Annual Reverue to City - Build Out Estimate (Una 24-26-22) $ 1,168,378.42 $ 211,865 41 3 1,380,243.83 w/tand/9711/annexali /MUDDataForrn_020806 3/1/2006 City of Peartand In -City MUD Dab Form MUD $ BCMUD No. 28 Date: February 20, 2006 Subdivision Name r Area (lures} Projected Lots Percent Complete Creekside Section Om 29.3950 91 100 Creekside Section Two 26.7510 107 100 Canterb ry Park Section One 170.7480 463 100 Twat Lakes 64.8069 130 100 Spring Meadows 41.9495 138 75 Stonebridge Section 1 44.7900 98 80 Stonebridge Section 2 39.0400 140 0 5tenebridge Section 3 39,5030 65 0 Future Canterbury Park 54.386 122 0 Mend117111annexatiONMUOl7ataFarm_020606 31112006 City of Pearland In -City MUD Data Form MUD it BCMUD No. 28 Date: February 20, 2006 Proposed Subdivisions Within Annexation Request Subdivision Name 14.9936 Acre Tract - Emerald Stone 10.4696 Acre Traci - Province Village 28.9045 Acre Tract - Province Village 5.7317 Acre Tract - Province Village Area (Acres) 14.9936 10.4696 26.9045 5.7317 Projected Lots 38 28 84 28 Percent Complete 0 0 0 0 wlland11711.i nexalion#MUDDataFarm_020806 3/1/2006 City of Pearland In -City MUD Data Fonn MUD # BCMUD No. 28 Date: February 20, 2006 Existing Non -Residential Businesses Within Existing MUD Business Name None Type of Business None wilandt17111annexatioNMUDOatarorm 02O806 3/112006 City of Peariand In -City MUD Data Form MUD# BCMUD No. 28 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 wl1and/1711tannexaterVM000ataForm_020806 3/1/2006 City of Pearland In -City MUD Data Form MUD # 6CMUD No. 28 Date: February 20, 2006 Anticipated Future Annexation Requests General Tract Description Not imown at this line. Area (Acres) Projected Lots wtlaidt171 t/annexation1MUDDataForm_020806 31112006 4;4 Del NOINfl leoil 0 Lora1'I A1NHOlt 3NOHd3'i31. AC100RL 1ONYH N'UOR-11 i ].LIHU %00lIfINTIS z 0 SQOOOI cooJCISMOC.H NEAT' (00 iht1911C YTS' 4NY13H NO(IQ3F15 aLv-DxwH SAtOQI . I , NOd.O � 1 ISNM 1'[Ys QNa S AZYI [1131d,[.Yr1 uv NI ION r1 011Y1 Yla aLY10007L0 -1'i sau3 FltIlos a'OI3f1S.XIN011 flVON SNYa3S2A QOLLA A70111.Nt12. IIvaL NC'tYAt 0 Z SHvnILl1 (INY1:0H aliilfYltl 3oUI'38NIF 2M1OLI TENT "UOXS-oiqrricgi d �mOH 153a NOW N3LJOH lYQOOFIN SVShlf fi0.Sda VN:ttt. 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