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Ord. 509-615 10-14-02ORDINANCE NO. 509-615 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AMENDING ORDINANCE NO. 509, THE LAND USE AND URBAN DEVELOPMENT ORDINANCE OF THE CITY OF PEARLAND, TEXAS, FOR THE PURPOSE OF CHANGING THE CLASSIFICATION OF CERTAIN REAL PROPERTY LOCATION BEING 40 ACRES, LOCATED IN THE F.B. DRAKE SURVEY, H. T. & B. R.R. COMPANY SURVEY, SECTION 14, A- 509, BRAZORIA COUNTY, TEXAS (APPLICATION NO. 1050)(NORTHEAST CORNER OF HARKEY AND BAILEY ROAD) FROM CLASSIFICATION SUBURBAN DEVELOPMENT (SD) TO PLANNED UNIT DEVELOPMENT (PUD) AT THE REQUEST OF PETER BOESCHER, AGENT FOR KIRBY RUN AND ASSOCIATES, INC., OWNERS, PROVIDING FOR AN AMENDMENT OF THE LAND USE DISTRICT MAP; CONTAINING A SAVINGS CLAUSE, A SEVERABILITY CLAUSE, AN EFFECTIVE DATE AND OTHER PROVISIONS RELATED TO THE SUBJECT. WHEREAS, Peter Boescher, Agent for Kirby Run and Associates, Inc., Owners, filed on June 21, 2002, an application for amendment pursuant to Section 28 of Ordinance No. 509, the Land Use and Urban Development Ordinance of the City, for approval of a change in the land use as provided for in said Section 28, said property being legally described in the original applications for amendment attached hereto, and made a part hereof for all purposes, as Exhibit "A"; and WHEREAS, on the 12'h day of August, 2002, a Joint Public Hearing was held before the Planning and Zoning Commission and the City Council of the City of Pearland, Texas, notice being given by publication in the official newspaper of the City, the affidavit of publication being attached thereto and made a part hereof for all purposes, as Exhibit "B", said call and notice being in strict conformity with provisions of Section 28.3 and 28.4 of Ordinance No. 509; and WHEREAS, on the 10'h day of September, 2002, the Planning and Zoning Commission of the City submitted its report and recommendation to the City Council 1 ORDINANCE NO. 509-615 regarding the proposed amendment application by, Peter Boescher, Agent for Kirby Run and Associates, Inc., Owners, whereby the Commission recommended and approved a change of classification for the property described in Exhibit "A" from its existing classification of Suburban Development (SD) to Planned Unit Development (PUD); and WHEREAS, upon receipt of the report from the Planning and Zoning Commission, the City Council considered this application, and the recommendation of the Planning and Zoning Commission, at a regular meeting on September 23, 2002, and WHEREAS, the City Council having fully heard the testimony and argument of all interested parties, and having been fully advised in the premises, finds that in the case of the application of Peter Boescher, Agent for Kirby Run and Associates, Inc., Owners, presented which, in the judgment of the City Council, would justify the approval of said application, it is therefore, ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: The following described property located within the corporate City limits of the City of Pearland, Texas, and presently classified as Suburban Development (SD) to is hereby for all purposes changed and reclassified as Planned Unit Development (PUD); such property being more particularly described as: 40 acres, located in the F.B. Drake Survey, H. T. & B. R.R. Company Survey, Section 14, A-509, Brazoria County, Texas (Northeast corner of Harkey Road and Bailey Road) 2 ORDINANCE NO. 509-615 The City Council of the City of Pearland finds and determines that the recitations in the preamble hereof are true and that all necessary prerequisites of law have been accomplished and that no valid protest of the proposed change has been made. The City Council further finds and determines that there has been compliance with the mandates of law in the posting and presentation of this matter to the Planning and Zoning Commission and to the City Council for consideration and decision. III. The City Council of the City of Pearland finds and determines that the amendment adopted herein promotes the health, safety, and general welfare of the public and is a proper valid exercise of the City's police powers. IV. If any section, subsection, sentence, clause, phrase, or portion of this Ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct, and independent provision and such holding shall not affect the validity of the remaining portions thereof. V. All rights and remedies which have accrued in the favor of the City under this Ordinance and its amendments thereto shall be and are preserved for the benefit of the City. VI. The City Secretary is hereby directed to cause to be prepared an amendment to the official Land Use District Map of the City, pursuant to the provisions of Section 2 of 3 ORDINANCE NO. 509-615 Ordinance No. 509, and consistent with the approval herein granted for the reclassification of the herein above described property. VII. This Ordinance shall become effective after its passage and approval on second and final reading. PASSED, APPROVED, and ADOPTED on First Reading this 23 day of September ,2002. (—___)9014Rg fl TOM REID MAYOR ATTEST: PASSED, APPROVED, and ADOPTED on Second and Final Reading this 14 day of October 2002. 4 ORDINANCE NO. 509-615 TOM REID MAYOR ATTEST: APPROVED AS TO FORM: DARRIN COKER CITY ATTORNEY CITY OF PEARLAND ZONE CHANGE APPLICATION revised 10/20/01 ✓ Change in Zoning Classification from: #: Suburban Development to Planned Unit Development Change in Regulations in Section Specific Use for: * Property address: Northeast corner of Harkey Road and Bailey Road (C.R.101) Lot: NA Block: NA Subdivision: Unplatted Metes & Bounds Description: 40 acres out of F.B. Drake Survey, Abstract 509, Pearland, Brazoria County, Texas (metes and bounds description attached) (unplatted property only, attach survey) Tax I.D. number: 76-0563855 Current use of land: Undeveloped Proposed use of land: Low density residential and neighborhood retail/office service Record owner's name: Kirby Run Associates, L.P. (Attn: Pierre Nys) Owner's mailing address. 4719 Backenberry Drive TX 77546-3138 Friendswood, Owner's telephone number: 281-992-6299 Agent's name: Vernon G. Henry and Associates, Inc. (Attn: Peter Boecher) Agent's mailing address: 515 Post Oak Blvd., Suite 204 Houston, TX 77027 • Agent's telephone number: 713-627-8666 PETITION: As owner/agent, I hereby petition the City for approval of the above described request as provided by the laws of the State of Texas and Ordinances of the City of Pearland. *On a Specific Use Permit request to allow a residential use in a business zone (OP, NS, GB), I acknowledge that such use may be incompatible with current and future uses on properties in my vicinity. Owner's signature:(! gent'SiAs gnature: • C� Fees paid: $ (vt b Q Date paid: IIea I _D a l Received by: Application number: 1DSO City limits Zone Change Application No. 1050 Kirby Run Associates, L.P. Vernon Henry & Associates (SD-PUD) N AFFIDAVIT OF PUBLICATION The Pearland Reporter News 2404 South Park Pearland, Texas 77581 State of.Texas Brazoria and Harris Counties I, Randy Emmons, hereby certify that the notice hereby appended was published in Brazoria and Harris Counties in THE REPORTER NEWS, a newspaper of general circulation in Brazoria, Harris & Galveston Counties, for / issues, as follows: No. / Date 7 20 L -- No Date 20 - No. Date - 20 ` No Date 20 No. Date 20 Subscribe and sworn to before me this 20Q% LAURA A. EMMONS Notzry Pubt:z Stzte of To:;4; 3 Commission Expires 9-C-02 gn Merv), President day of aura Ann Emmons, Publisher Notary Public, State of Texas Public Hearing - Application No. 1050 - 2 Published July 24 & July 31, 2002 NOTICE OF A JOINT PUBLIC HEARING OF THE 1111 CRY COUNCIL MIME AND ZONING ON OF THE CITY OF PEARLAND, TEXAS Notice is hereby given that on the 12th day Of August, 2002, at 6:30 p.m., the City Council and Planning and Zoning Commission of the City of Peadand, Brazoria, Harris and Fort Bend Counties, Texas, will con• duct a joint public hearing in the Council Chambers of city HSl, 3513 Liberty Drive, Pearlend,';Texas, on the request of -Vernon G. Henry and Associates, Inc., agent for Kirby Run Associates, L.P., owner, for an amend- ment to the Land Use and Urban Development Ordinance of said City from Classification Suburban Deveopment District (SD) to Planned Unit Develophent (PUD) on the following • described property, to wit: 40 acres, located in the F.B. Drake Survey (H.T. & B.R.R. Co. Survey, Section 14),-A• 509, Brazoria County, Texas (Northeast corner of Harkey Road and Bailey Road (CR 101)) At said hearing all interest$ parries shall have the right and opportunity to appear and be heard on the subject. /s/ Mona Ann Phipps Development Coordinator APPLICATION NO. 1050 AFFIDAVIT OF PUBLICATION The Pearland Reporter News 2404 South Park Pearland, Texas 77581 State of,Texas Brazoria and Harris Counties I, Randy Emmons, hereby certify that the notice hereby appended was published in Brazoria and Harris Counties in THE REPORTER NEWS, a newspaper of general circulation in Brazoria, Harris & Galveston Counties, for / issues, as follows: No. % Date 7^ 3 / 20.Q... No. Date 20 - No. Date 20 No. Date 20 No. Date 20 /721 rniin°, President Subscribe and sworn to before me this / day of 200*2- LAURA A. EMMONS .otery ��...,.t_.: of Texas i;,`w,`i.Catmiss:cn Expres 9-g 02 aura Ann Emmons, Publisher Notary Public, State of Texas Public Hearing - Application No 1050 - 11 Published Jufr 24 &July 31, NOTICE OF A JOINT PUBLIC HEARING OF THE CITY COUNCIL AND THE - PLANNING AND ZONING COMMISSION OF THE CITY OF PEARLAND, TEXAS Notice Is :hereby given _that on the 12th day 9f August, 2002, at 6:30 p.m-4 the City Council and Planning and Zoning Commission of the City of Pearland, Brazoria, Harde. and Fort Bend Coundaa,,Texse, vd con dlw9 a joint public hearing in Me Council Chafnbers of. City Halt 3519 LStelly Drwa,' Peariand; Texas, on the request of Vemon•G: Henry and AssociatedClnc.; agent - for Kirby Run_ Associates,' L.P„ owner, for -an amend- ment to the LandUse and Urban - ; Devfflopment Ordnance of said:City from Classification Suburban Development District (SD) to Planted Unit- Development (PUD) on - the following describedproperty, to wit 40 acres, located In the F.B. Drake Survey (H.T. & B.R.R. Co. Survey, Section 14), A- 509, Brazoda County, Texas (Northeast ®rner of Harkey Road and Bailey Road (CR 101)) - At said hearing all interested parties shall have the right and opportunity to appear and be heard on the subject: le/ Moen Ann Phipps Development Cobrdnator APPLICATION NO.1050 , September 10, 2002 Honorable Mayor and Council Members City Hall Pearland, Texas 77581 Re: RECOMMENDATION TO THE CITY COUNCIL ON ZONE CHANGE APPLICATION NO. 1050 Request of Peter Boescher of Vernon Henry and Associates, Inc., agent for Kirby Run Associates, L.P., owners for an amendment to the Land Use and Urban Development Ordinance from classification Suburban Development District (SD) to Planned Unit District (PUD) on the following described property, to wit: 40 acres, located in the F.B. Drake Survey, H. T. & B. R.R. Co. survey, Section 14, A-509, Brazoria Co., TX (Northeast corner of Harkey Road and Bailey Road) Honorable Mayor and Council Members: At a regular meeting held on September 9, 2002, immediately following a Joint Public Hearing, the Planning and Zoning Commission considered the above -mentioned request. Commissioner Ray Bacon made a motion to forward Zoning Application No. 1050 to City Council for approval with a second made by Vice -Chairman Russ Selemon. Motion to approve passed 5 to 0. This is submitted for your consideration. Sincerely, Planning & Zoning Commission cc: Kirby Run Associates, L.P., 4719 Backenberry Dr, Friendswood, TX 77546. Peter Boescher, Vernon Henry and Associates, 515 Post Oak, Suite 205 Houston, TX 77027 Page 1 of 1 Kirby Run Management, Inc. Mayor and Pearland City Council Members 3519 Liberty Drive Pearland, Texas 77588 4719 Backenberry Drive Friendswood, TX. 77546-3138 Tel. 281.992.6299 Fax. 281.992.6306 E-mail: pnys@swbell.net September 14, 2002 REF: Information Relating to the Lawrence Place PUD Application And First Reading Scheduled for September 23, 2002 Dear Sirs: Please find attached for your consideration an information brochure that was delivered to all of the residents of the Ravenwood subdivision, located next to our proposed new subdivision, Lawrence Place. The information in this brochure addresses the comments and concems expressed before you about our project at the August 12, 2002 Joint Public Hearing that considered our rezoning application number 1050. The information in this brochure includes the results of our numerous meetings with Ravenwood subdivision residents and details the modifications we made to our original PUD rezoning application. These modifications were made to specifically address the concerns of the Ravenwood residents by placing additional restrictions on the proposed NSD that are listed after page four in this brochure. In addition, we have agreed to provide more fencing and privacy landscaping on our property and on the Westem side of the Harkey Road right of way. We feel that we have successfully addressed most resident concems as the Planning and Zoning Commission is recommending approval of our modified rezoning application. In fact, nearby residents expressed their support of our revised application at the Planning and Zoning Commission hearing on September 9, 2002. Respectfully Submitted, e`t)j-k President, Kirby Run Management, Inc. GP Attached: Brochure entitled: "Information submitted (to) the Residents of Ravenwood Subdivision Conceming Lawrence Place A proposed PUD" Information Submitted The Residents Of Ravenwood Subdivision Concerning Lawrence Place A Proposed PUD LAWRENCE PLACE PLANNED UNIT DEVELOPMENT Supporting Information Provided below in support of our request for the PUD is the information required by the Zoning Ordinance, Chapter 19 - Planned Unit Development, Section 19.4 — Outline of Procedure, II.C. (1) Written Documents. (a) [Provide] a legal description of the total site proposed for development, including a statement of present and proposed ownership and present and proposed zoning. The subject property is 40 acres out of the F.B. Drake Survey, Abstract 509, Brazoria County, Texas, located at the northeast corner of Harkey Road and Bailey Road (County Road 101). The property has never been platted and the current property lines extend to the centerlines of both roads. As shown on the site plan, the property includes two pipeline easements located near but not immediately adjacent to the north and east boundari es. The present owner is Kirby Run Associates, L.P. The proposed owner and developer will be Lawrence Place, L.P. with Kirby Run Management, Inc. as the General Partner and Mr. Pierre Nys, President. The present zoning is SD — Suburban Development. Proposed zoning is PUD — Planned Unit Development with low density residential based on the R-1, Single Family Dwelling District and limited neighborhood retail/office services based on the Neighborhood Services (NS) Zoning District. The NS District is the most restrictive retail zoning district in the City of Pearland. -1- r r r r r r r r r r r r r r r r r r (b) [Provide] a statement of planning objectives to be achieved by the PUD through the particular approach proposed by the applicant. This statement should include a description of the character of the proposed development and the rationale behind the assumptions made by the applicant. The proposed PUD will achieve two principle planning objectives. First, the PUD will meet the purpose of the R-1 District as stated in the Land Use and Development Ordinance and directly quoted below: "The R-1 Dwelling District is intended to permit the low density development of detached single. family dwelling units and appropriate desirable open space. This district may be combined with the PUD, Planned Unit Development District, to provide for grouping of dwelling units to achieve larger open spaces and community recreational areas." Although proposed lot widths will be reduced from the R-1 standard of 80 feet to 65-75 feet, the average lot size as shown on the site plan will be greater than 10,000 square feet, which is significantly larger than the required minimum lot size of 8,800 square feet in the R-1 District. The second objective is to achieve compliance with the City's Comprehensive Plan, namely, the Land Use Plan and two land use initiatives discussed within the text of the Plan. The Land Use Plan calls for the Harkey/Bailey intersection to be a major retail node with adjacent lands used for low density residential. The two relevant initiatives are as follows: • Provide swell -defined residential neighborhoods with centrally located parks • Concentrate local retail, offices and services into nodes centered at the intersections of major thoroughfares, instead of continuous commercial strips. The character of the residential neighborhood will be one of spaciousness created by: 1. Landscaped open spaces at subdivision entrances off Harkey and Bailey Roads 2. A central park and pond that will not only be attractive but also highly visible and accessible. 3. An average lot depth of 125 feet to create larger backyards The compatibility and quality of the retail/office reserve will be enhanced by: 1. Its limited size of 5 acres despite being at the intersection of a designated major retail node intended to have as much as 50 acres of retail, office and service uses 2. Installation of a three -rail fence and landscaping along Harkey Road to complement the existing rail fence west of Harkey along the perimeter of Ravenwood Estates 3. Exclusion of selected uses normally allowed in the Neighborhood Services Zoning District such as convenience stores, car washes, and gasoline service stations. -2- (c) [Provide] a development schedule indicating the approximate date when construction of the PUD or stages of the PUD can be expected to begin and be completed. Construction of the entire residential portion of the PUD would begin this Fall following plat approval. Streets and utilities should be completed by early 2003 with home construction commencing shortly thereafter. New homes would begin to come onto the market by midsummer 2003 and continuing through the remainder of the year. Perimeter screening including the fences along Harkey and Bailey Roads and the masonry wall between the residential area and the retail/office area will be constructed as part of the residential development. The retail/office portion of the PUD would be held in reserve for future development. (d) [Provide] a statement of the applicant's intentions with regard to the future selling or leasing of all or portions of the PUD, such as land areas, dwelling units, etc. All residential lots will be sold to one or more area homebuilders and then resold to homebuyers. Provisions will be made to establish a residential property owners association to own, manage, and maintain all open space, park improvements, landscaping, and drainage facilities used in common by residents of the development. The central park will be private. With regard to the retail/office acreage, the applicant may sell all or portions of the tract to end users or may build to suit and lease the building(s). In either case, site development, specifically including ingress and egress, will comply with the City of Pearland Engineering Design Criteria Manual and the area requirements for the Neighborhood Services Zoning District. Also of influence will be private deed restrictions or other protective covenants. -3- r r r r r r r r r r r r r r r r r r r (e) [Provide] quantitative data_ for the, following: total number and type of dwelling units; proposed lot coverage of buildings and structures; approximate gross and net residential densities; total amount of open space (including a separate .figure for usable open space); total amount of nonresidential construction (including a separate .figure for commercial or institutional facilities); economic feasibility studies or market analysis where necessary; and other studies as required by the review authority. As shown on the preliminary site plan, 72 single-family detached residential lots are proposed with an approximate 50/50 mix of two minimum lot sizes — 65' x 125' (8,125 square feet) and 75' x 125' (9,375 square feet). Proposed maximum lot coverage is 60% pursuant to the R-1 District. As noted earlier, the gross residential acreage is approximately 31.8 acres and excludes required rights -of -way for Harkey and Bailey Roads totaling 3.3 acres. Thus, the gross residential density is less than 2.3 dwelling units per acre. Residential density net of existing pipeline easements (2.8 acres) and required detention (3.9 acres) is less than 2.9 units per acre. (The maximum density allowed in a R-1 PUD is four units per acre.) The total amount of open space within the residential area is 9.5 acres. Usable open space net of required detention areas and drainage easements is about 4.9 acres. Kirby Run Associates, L.P., employed American Metro/Study Corporation to prepare a Demographic and Single Family Housing Market Study for the Target Market Area (TMA) that includes the cities of Pearland, Manvel, and Alvin. The study was completed in January. 2002. Also, a preliminary Traffic Impact Analysis (TIA) has been prepared by Klotz Associates. Copies of both reports have been included with the P.U.D. application. -4- LAWRENCE PLACE PLANNED UNIT DEVELOPMENT Description & Regulations Location: Northeast corner of Harkey Road and Bailey Road Acreage: Residential District: 31.8 acres single family residential district 4.9 acres neighborhood service (retail/office) district 3.3 acres major thoroughfare right-of-way (Harkey and Bailey Roads) 40.0 Total Acres As delineated on the preliminary site plan, shall be regulated in accordance with the R-1 zoning district and the R-1 PUD regulations of the Land Use and Urban Development Code. No minimum lot size or width is specified; maximum density is no more than four units per acre. Neighborhood Service District: As delineated on the preliminary site plan, shall be regulated in accordance with the Neighborhood Service (NS) zoning district of the Land Use and Urban. Development Code, except that the following uses are prohibited: 1. Amusement, commercial (outdoor/indoor) 2. Auto car wash 3. Gasoline service station 4. Unscheduled/new automobile uses 5. Convenience store 6. Repair of appliances, televisions. radios and similar equipment 7. Variety store 8. Laboratory, scientific or research These are examples Of the Type & Style of Commercial Properties Intended for The Lawrence Place Neighborhood Services District (NSD) NM ewer taiL, Anti CZUNIIIIIIMP Aimirieleta2. „ *. .1 ._ .,, A. 441,..._. .. .,, v. ___ ,......„,„„,„ SHARONDALE (UNRECORDED) RAVENWOOD ESTATES SECTION ONE THIS PLW ET AN MISTS COW:EPRON AND IS PROVIDED FOR GENERAL INPORMATRTN PURPOSES ONLY. L___ RAZA DRIVE (0 RQR.) CAS •CON AC6E9 SECTION TWO I I I i I if L- I--H o I---�--4--4---1------4--4--J L 1 ma I I I I NEIGHBORHOOD SERVICES DISTRICT 4.9 ACRES raFi+v 0in A0 oaw �101 01(001E E0111BIf 1 0 Iri LL W L. 0 U° W 5Q CL W D CC lc° 5 T NORTH C0 0.„r ■I J �,)ae C - NYR PPARA FRE: COL SITE RIAN DRAMS, DIAL�� // atE: ae-E,-ae 1 1 1 1 1 1 1 1 1 1 • • i r • r r 1 r r e r 1 mmm� m-u-uo aiw VC A9 NMVr0 NV S 3L0 103 ,341 3d BAN 3000901'." C1I I mL-a,3MJB"WOW \ CI OM OM 09 0 J NINON 4 m 111 y � z cm $ 7) om cam 30.410 0.8[01a I I I I I I I! 0m1. NOLLOIM WIDV 1400-SY3 (0909(DS10J0 ) NOISIAICIWIS 33V1010O1/101 AINO 63304111/1 NOLLVB11403111 TRBN30 1/103 0301AO11d SI OW NOW30N00 31811M MV 81 NV1d 31H1 I I I I I I I I I I I I L J L_ l \ 1 Ol 'N'O) OVOH a-tr, wainAma WM AV IVA we009i1VI 63tl3V 6 1O1111SIO S301A1d36 OOOHHO8HOI3N I I II IL L1 2 = BBp93MF0 _ I I I I 1 I — J M'ON nl 3Ntl0 V2rU HOLMES 091v1s9 009d11ojv9 v. or) 1®OUOO99Nf1) 31VQNONVHS TIM AMR MIMI IMI MIN 8/29/02 FROM: Oak Bend Builders, Inc. 908 Town & Country Blvd #120 Houston, Texas 77024 Office# 713-973-2617 TO Pearland City Council And Pearland Planning & Zoning Commission 3 519 Liberty Drive Pearland, Texas 77588 REF: Re -Zoning Application Number 1.050: Lawrence Place PUD Dear Sirs: As a custom home builder in the Ravenwood Estates neighborhood, directly across Harkey Road from the proposed Lawrence Place PUD, I am expressing my aapproval of Mr. Nys proposed development. Mr. Nys has done an excellent job of formatting his proposal and presenting it to the residents of Ravenwood Estates, including pictures of possible designs of the future Neighborhood Services corner. He has also assured us that no gas station or convenience store will be erected on that corner. Not only has this allayed my initial concern, it has pleased me greatly to know a David Powers neighborhood will be across the street I like knowing what is going to happen rather than wondering and waiting. Having David Powers homes nearby will, I believe, help my sales, as some of the people looking at David Powers homes may want a larger lot and come across the street to Oak Bend Builders. Having a community pool in Lawrence Place is also a plus, as Mr. Nys has expressed the probable opening of memberships to the pool to the Ravenwood Estates residents. I think this is an excellent idea and a positive enhancement for Ravenwood Estates. Our custom home buyers currently under contract are also in favor of proceeding with the Lawrence Place development. David Powers reputation as a quality builder is widely known, and we are all hoping for approval of the re -zoning and rapid development of Lawrence Place. Sincerely, Betsy Scofield, President lINO August 30, 2002 Pearland City Council Pearland Planning and Zoning Commission 3519 Liberty Drive Pearland, Texas 77588 .. RE: Re -Zoning Application No. 1050:Lawrence Place PUD Dear Sirs: As a future homeowner in Ravenwood Estates, I am in favor of the development of Lawrence Place PUD. I am currently building a home in Ravenwood Estates and would very much like to have a development such as the one described in the presentation prepared by Mr. Nys in our neighborhood. The plans for the commercial site have great curb appeal, and is am very pleased that David Powers will be the builder in Lawrence Place PUD. Sincerely, Sari LaGrone Cc: Kirby Run Management, Inc, 4719 Backenberry Drive Friendswood, Texas 77546-313S OM el ,. MIN 41111 4111 IIB August 29, 2002 Mr. Pierre Nye Kirby Run Management, Inc. 4719 Backenberry Drive Friendswood, Texas 77546-3138 Dear Sir, This will acknowledge our recent meeting concerning your Lav-rence Place Development. We the undersigned appreciate the time you spent with us to explain your plans. We also appreciate the interest you expressed in our concerns, and the actions that you propose to address them. We look forward to hearing more as your project develops. Sincerely, Bill & Kathy Wiehe 4033 Ravenwood Ct. Pearland, Texas 77584 41111 r August 29, 2002 Mr. Pierre Nye Kirby Run Management, Inc. 4719 Backenberry Drive Friendswood, Texas 77546-3138 Dear Sir, This will acknowledge our recent meeting concerning your Lawrence Place Development. We the undersigned appreciate the time you spent with us to explain your plans. We also appreciate the interest you expressed in our concerns, and the actions that you propose to address them. We look forward to hearing more as your project develops. Sincerely, am, 7LN Lewis & Wanita Mitchell 4041 Ravenwood Ct. Pearland, Texas 77584 September 3, 2002 Mayor Tom Reid and City Council Planning and Zoning Commission City of Pearland, Texas 3523 Liberty Drive Pearland, Texas 77588 Re: Lawrence Place 40 Acres at Harkey and Bailey Roads Pearland, Texas Dear Mayor, Council Members, and Commissioners: Enclosed is our revised application on behalf of Kirby Run Associates, L.P. for a Planned Unit Development (PUD) at the northeast corner of the Harkey/Bailey intersection. This re -submittal follows a number of meetings and phone conferences with residents in Ravenwood Estates in order to address their concerns. Revisions have been made to the enclosed PUD description to prohibit certain uses such as service stations and convenience stores. As previously proposed, the 40-acre PUD will include the following components: • 31.8 acres residential use based on the low density R-1 Zoning District with an average lot size greater than 10,000 square feet (The required minimum lot size in the R-1 District is 8,800 square feet.) • 4.9 acres retail/office use based on the Neighborhood Service Zoning District, which is Pearland's most restrictive retail district • 3.3 acres to widen the rights -of -way for Bailey and Harkey Roads Our revised application includes the following items: 1. Completed application form 2. Metes and bounds description of the property 3. Revised Lawrence Place PUD description 4. Revised Preliminary site plan 5. Revised supporting information required by the Land Use and Urban Development Ordinance that includes a statement of planning objectives, proposed development schedule, and other quantitative data 6. Market study Vice Presidents: Mary Lou Henry, F.A.I.C.P. Michael L. Ilse, A.S.L.A. Stan Winter, A.I.C.P. 515 Post Oak Blvd., Suite 205, Houston, Texas 77027 (713) 627-8666 Fax: (713) 627-7666 As previously noted, should our PUD application be approved, we will be requesting a variance during the platting process to allow use of an interim lift station pump in our storm water detention facilities. Without the pump, a disproportionate amount of acreage would be required for on -site detention. As noted in the enclosed supporting information, our residential density is already less than three dwelling units per acre. (Pursuant to your Land Use and Development Ordinance, PUD's based on the R-1 Zoning District can 1.1 have a density of up to four units per acre.) 011 lib • • Ook • 1 Thank you for your time and reconsideration of our request for a Planned Unit Development. Sincerely, eft Peter S. Boecher, AICP, ASLA Senior Planner PSB/bp enclosures -2- r • 0' 0' r 0' LAWRENCE PLACE PLANNED UNIT DEVELOPMENT Description & Regulations • Oh Ph Oh Location: Northeast corner of Harkey Road and Bailey Road Ph Ph Acreage: 31.8 acres single family residential district Ph 4.9 acres neighborhood service (retail/office) district 3.3 acres major thoroughfare right-of-way (Harkey and Bailey Roads) 40.0 Total Acres Ph Residential District: As delineated on the preliminary site plan, shall be regulated in accordance with the R-1 zoning district and the R-1 PUD regulations of the Land Use and Urban Development Code. No minimum lot size or width is specified; maximum density is no more than four units per acre. Neighborhood Service District: As delineated on the preliminary site plan, shall be regulated in accordance with the Neighborhood Service (NS) zoning district of the Land Use and Urban Development Code, except that the following uses are Oh prohibited: 1. Amusement, commercial (outdoor/indoor) 2. Auto car wash 3. Gasoline service station 4. Unscheduled/new automobile uses O, 5. Convenience store 6. Repair of appliances, televisions, radios and similar equipment 0' 7. Variety store 8. Laboratory, scientific or research Oh Oh Oh Ph • 0' 0' Oh 0' LAWRENCE PLACE PLANNED UNIT DEVELOPMENT Supporting Information Provided below in support of our request for the PUD is the information required by the Zoning Ordinance, Chapter 19 - Planned Unit Development, Section 19.4 — Outline of Procedure, II.C. (1) Written Documents. (a) [Provide] a legal description of the total site proposed for development, including a statement of present and proposed ownership and present and proposed zoning. The subject property is 40 acres out of the F.B. Drake Survey, Abstract 509, Brazoria County, Texas, located at the northeast corner of Harkey Road and Bailey Road (County Road 101). The property has never been platted and the current property lines extend to the centerlines of both roads. As shown on the site plan, the property includes two pipeline easements located near but not immediately adjacent to the north and east boundaries. The present owner is Kirby Run Associates, L.P. The proposed owner and developer will be Lawrence Place, L.P. with Kirby Run Management, Inc. as the General Partner and Mr. Pierre Nys, President. The present zoning is SD — Suburban Development. Proposed zoning is PUD — Planned Unit Development with low density residential based on the R-1, Single Family Dwelling District and limited neighborhood retail/office services based on the Neighborhood Services (NS) Zoning District. The NS District is the most restrictive retail zoning district in the City of Pearland. -1- • al i (b) [Provide] a statement of planning objectives to be achieved by the PUD through the particular approach proposed by the applicant This statement should a include a description of the character of the proposed development and the rationale behind the assumptions made by the applicant The proposed PUD will achieve two principle planning objectives. First, the PUD will meet the purpose of the R-1 District as stated in the Land Use and Development Ordinance and directly quoted below: "The R-1 Dwelling District is intended to permit the low density development of detached single family dwelling units and appropriate desirable open space. This 111 district may be combined with the PUD, Planned Unit Development District, to provide for grouping of dwelling units to achieve larger open spaces and /1 community recreational areas." •, Although proposed lot widths will be reduced from the R-1 standard of 80 feet to 65-75 feet, the average lot size as shown on the site plan will be greater than 10,000 square feet, which is significantly larger than the required minimum lot size of 8,800 square feet in the R-1 District. The second objective is to achieve compliance with the City's Comprehensive Plan, namely, the Land Use Plan and two land use initiatives discussed within the text of the Plan. The Land Use Plan calls for the Harkey/Bailey intersection to be a major retail node with adjacent lands used for low density residential (i.e. R-E, R-1 or R-2). The two relevant initiatives are as follows: • Provide well-defined residential neighborhoods with centrally located parks • Concentrate local retail, offices and services into nodes centered at the intersections of major thoroughfares, instead of continuous commercial strips. The character of the residential neighborhood will be one of spaciousness created by: 1. Landscaped open spaces at subdivision entrances off Harkey and Bailey Roads 2. A central park and pond that will not only be attractive but also highly visible and accessible. 3. An average lot depth of 125 feet to create larger backyards The compatibility and quality of the retail/office reserve will be enhanced by: 1. Its limited size of 5 acres despite being at the intersection of a designated major retail node intended to have as much as 50 acres of retail, office and service uses 2. Installation of a three -rail fence and landscaping along Harkey Road to complement the existing rail fence west of Harkey along the perimeter of Ravenwood Estates 3. Exclusion of selected uses normally allowed in the Neighborhood Services Zoning District such as convenience stores, car washes, and gasoline service stations. Oh -2- (c) [Provide] a development schedule indicating the approximate date when construction of the PUD or stages of the PUD can be expected to begin and be completed. Construction of the entire residential portion of the PUD would begin this Fall following plat approval. Streets and utilities should be completed by early 2003 with home construction commencing shortly thereafter. New homes would begin to come onto the market by midsummer 2003 and continuing through the remainder of the year. Perimeter screening including the fences along Harkey and Bailey Roads and the masonry wall between the residential area and the retaiUoffice area will be constructed as part of the residential development. The retaiUoffice portion of the PUD would be held in reserve for future development. (d) [Provide] a statement of the applicant's intentions with regard to the future selling or leasing of all or portions of the PUD, such as land areas, dwelling units, etc. All residential lots will be sold to one or more area homebuilders and then resold to homebuyers. Provisions will be made to establish a residential property owners association to own, manage, and maintain all open space, park improvements, landscaping, and drainage facilities used in common by residents of the development. The central park will be private. With regard to the retaiUoffice acreage, the applicant may sell all or portions of the tract to end users or may build to suit and lease the building(s). In either case, site development, specifically including ingress and egress, will comply with the City of Pearland Engineering Design Criteria Manual and the area requirements for the Neighborhood Services Zoning District. Also of influence will be private deed restrictions or other protective covenants. -3- r p • 14 (e) [Provide] quantitative data for the following: total number and type of dwelling units; proposed lot coverage of buildings and structures; approximate gross and net residential densities; total amount of open space (including a separate figure for usable open space); total amount of nonresidential construction (including a separate figure for commercial or institutional facilities); economic feasibility studies or market analysis where necessary; and other studies as required by the review authority. As shown on the preliminary site plan, 72 single-family detached residential lots are proposed with an approximate 50/50 mix of two minimum lot sizes — 65' x 125' (8,125 square feet) and 75' x 125' (9,375 square feet). Proposed maximum lot coverage is 60% pursuant to the R-1 District. As noted earlier, the gross residential acreage is approximately 31.8 acres and excludes required rights -of -way for Harkey and Bailey Roads totaling 3.3 acres. Thus, the gross residential density is less than 2.3 dwelling units per acre. Residential density net of existing pipeline easements (2.8 acres) and required detention (3.9 acres) is less than 2.9 units per acre. (The maximum density allowed in a R-1 PUD is four units per acre.) The total amount of open space within the • residential area is 9.5 acres. Usable open space net of required detention areas and drainage easements is about 4.9 acres. Kirby Run Associates, L.P., employed American Metro/Study Corporation to prepare a Demographic and Single Family Housing Market Study for the Target Market Area (TMA) that includes the cities of Pearland, Manvel, and Alvin. The study was completed in January 2002. Also, a preliminary Traffic Impact Analysis (TIA) has been prepared by Klotz Associates. Copies of both reports have been included with the P.U.D. application. dik r" . t7 1 CITY OF PEARLAND ZONE CHANGE APPLICATION revised 10/20/01 ✓ Change In Zoning Classification from: Suburban Develppient to Planned Ugit Development Change in Regulations in Section #: Specific Use for. ' , Property address: Northeast corner of Harkey Road and Bailey Road (C.R.101) Lot: NA Block: NA Subdivision: Unplatted Metes & Bounds Description: 40 acres out of F,B. Drake Survey, Abstract 509, Pearland, (unplatted property only, attach survey) Brazoria County, Texas (metes and bounds description attached) Tax I.D. number: 76-0563855 Current use of land: Undeveloped Proposed use of land: Low density residential and neighborhood retail/office service Record owner's name: Kirby Run Associates, L.P. (Attn: Pierre Nys) Owner's mailing address: 4719 Backenbcrry Drive Friendswood, TX 77546-3138 Owner's telephone number: 281-992-6299 Agent's name: Vernon G. Henry and Associates, Inc. (Attn: Peter Boecher) Agent's mailing address: 515 Post Oak Blvd,, Suite 204 Houston, TX 77027 Agent's telephone number: 713-627-8666 PETITION: As owner/agent, I hereby petition the City for approval of the above described request as provided by the Taws of the State of Texee and Ordinances of the City of Pearland. 'On a Specific Use Permit request to allow a residential use In ■ business zone (OP, NS, GB), I acknowledge that such use may be incompatible with current and future uses on properties in my vicinity. Owner's signature: gent's Signature: a A. Fees paid: $ LEO.' Received by: Date paid: (,-ar-off Application number. 106 Commitment No. 44-901-AO 681 i.. 1 a... .,,; 1 1 !y Page DESCRIPTION Being a tract containing 40.0000 acres (1,742,400 square feet) of land lccated in the F.B. Drake Survey (B.T. & 9. R.R. Co. Survey, Section 14) Abstract No. 509 Brazoria County, Texas, and being the same tract conveyed to John F. Trouadale and Carolyn Wengler in an instrument recorded under County's File No. 88555 798 of the Official Records of 3razoria County, Texas and is more particularly described by metes and bounds 43 follows: BEGINNING at a P.K. Nail set in asphalt at the occupied and recognized southwest ce net of :ha said Drake Survey, anme being the incersecticn of the centerline of County Road No. 101 (Bailey_ Street) , based on a width of 60 feet, with feet cencerli ne cf.County Road :02 (Berkey Road), alec cased on a width of 60 feet; THENCE Ncr:h OC deg 02 min. 13 sec. West alcnc the centerline a: said Ccuncy Road 103, same beine the east lire cf a 40.0345 acre tract conveyed to R. West Cevelcpment as per an instrument recorded under County Clerk's File No. 96-045662the - cf the Official Records cf Brazcria County, Texas, a distance of 1320.00 feet to a P.K. nail se: for the n_ rchwest cC —er cf the herein described tract; TH. NCE North 89 deb. 55 min. 29 sec. East, along and with _ :z Wort.. line = c :e said 40.000C acre tract, same being the south line of Cas Cor. Acres, Section Two (2), a suhdivisicn per mac _- plat cherecf, reccrde'a in Vciume IS, Pace 209 of :he Map Records cf Bra=..__a Ccun_ i, Texas, a distance of 1320. CC fee: to a _ _n_.- cd aet for :he ^.cr_neas: co .. corner c: the _rein described tract, - --cr. INCE Scut.. CC deb 02 min. 13 Sec. Eas: along east line cf : ne Here__. descr b `race, samebeing_na east __na cf a cal_ad 40 acre tract new f ^ _1 - ec Richard - c: nee-. co+:==c' by a- M. Hari isc._ as per n -net_ ume n_ _ __..-deo' in Volume 965, Pace y 8 92th Rv .. .... ; .. cf the Deed eccrds Bra:,. -_a CC._.. y, Te. as, a diet_nce o_ 1320.00 , �' '"= 'tee_ to a _ . X. -a. set the cal ---, :re cfsaid County Road 101 for the ^sc:.t eeasteherein- _escr_hed ,._act , c cf - THENCE Scut. 89 deb 55 min. 29 sec. Hest, a1.,nc _ ne said centerline c= laid County Road :01, a distance cf 1320.0C feet tc . ne PACE CF BEGINNING, .._..tai ni- 40. acres (1,742,4 _ _ - �� - GOCC C0 square feed) of :and, more or less, and being cr.E same property :cnveyed under Bra:___a County Clerk's ___e No. 97235593. NCTE: T:::s Com.any does no: _epresen: tha: :he a. cve actaage or :are fcc:age ca;c.:_'ators are c,._recr. • IPA DEMOGRAPHIC AND +� SINGLE FAMILY HOUSING ,' MARKET REPORT • • • TARGET MARKET AREA PEARLAND, MANVEL, & AL VIN Brazoria County, Texas 0 r Prepared for: Kirby Run Associates January 29, 2002 • American METRO/STUDY • Corporation 01 Prepared for Kirby Run Associates LP Contents SUMMARY 3 A. INTRODUCTION 3 Purpose and Methodology 3 Target Market Area (TMA) Map 3 B. TARGET MARKET AREA ANALYSIS 3 Demographics 4 New Single Family Market 4 C. SUPPORTING TABLES AND CHARTS 7 /h Demographic Trends 7 111 Single -Family Housing Starts 10 Vacant Developed Lots (VDL) 11 Ph Lot Delivery and Absorption 12 Distribution of Starts and Vacant Developed Lots by Home Price 13 Distribution of Starts and Vacant Developed Lots by Lot Width 15 �► Top Subdivisions and Communities 17 Future Lot Inventory 18 Ph Lot Price Comparables 20 Ph Ph Ph P h Ph Ph Ph 111 1111 Ph P h Ph Ph Pi PI Oh Oh American METRO/STUDY Corporation Page - 2 of 22 Oh Prepared for Kirby Run Associates LP Summary A. Introduction Purpose and Methodology This report will address demographic and new -home market trends in the Target Market Area (TMA) surrounding the cities of Pearland, Manvel, and Alvin located in northern Brazoria County, Texas. This section will summarize conditions in the Target Market Area (see map below), which is followed by a series of supporting tables and charts. The new -home market is monitored on a quarterly basis by the Metro/Study single family housing survey, which involves an onsite audit of every new -home subdivision in the Greater Houston area. All single family housing information presented in this report comes from this survey, unless otherwise noted. For demographic figures, Metro/Study uses Claritas, a national demographic firm. Population estimates reflect results from the 2000 Census, but household figures (number, size, income) are based on other research models used by Claritas. Target Market Area (7'MA) Map B. Target Market Area Analysis The Target Market Area (TMA) encompasses the area defined by the Brazoria County line on the west, north, and east, by Highway 288 to the west, and extending south beyond the city of Alvin. The following American METRO/STUDY Corporation Page - 3 of 22 1111,..,11 Prepared for Kirby Run Associates LP summarizes demographic and single family trends in the Target Market Area. Demographics • The population and household estimates (by Claritas) indicate that the TMA is a heavily populated and growing region. As of 2001, there are 107,526 people in 38,435 households. There are 14,101 more households now than in 1990, representing total growth of 58%. • Households within the TMA earn incomes lower than households across the greater Houston metropolitan area. The TMA's median • household income for 2001 is estimated to be $52,767, and average household income is estimated to be $61,623. The average household �► income in the Metropolitan Houston area is $76,246. Even though incomes are lower in the TMA than overall Houston, the majority of households would still be considered "qualified" to buy a new home. 0 An estimated 62% of households earn $40,000 or more per year, generally considered the minimum income required for a new -home • purchase in the area. • New Single Family Market • Accounting for 5.6% of the Houston market, the TMA annual housing starts rate is currently 1,660 units, representing a 20% increase from one year ago. Silverlake, which has been the predominant new home community in the TMA, started 416 homes in 2001. Over the last five Oh years, Silverlake has accounted for 38% of all starts in the TMA. Silverlake's share is down to 25% in 2001, however, as the community 0 will be building out later this year. Even though Silverlake is on the decline, TMA starts have continued to grow, demonstrating the strength of the market. There is also a new master planned community • prepared to enter the market this year. Shadow Creek Ranch is a 3,400-acre development located on the west side of Highway 288 at •• McHard Road. This Collins Brothers development is in position to replace the demand being vacated by Silverlake. • During the two years from 4Q98 to 4Q00, strong development activity �► helped the number of vacant developed lots (VDL) in the TMA grow from 1,218 to 2,371. This represents a net increase of 1,153 vacant lots, or a 95% increase in only two years. This new capacity, however, was quickly swallowed up because of strong demand for homes and lots. As of 4Q01, the number of vacant lots is down 27% from one year ago to 1,740. Over this same time period, the supply of lots has dropped from 21 months to only 13 months. Metro/Study considers a 4111, American ML1RO/S7'UDYCorporation Page - 4 of 22 Prepared for Kirby Run Associates LP 24 to 30-month supply of vacant developed lots to indicate a market in "equilibrium", so this area of Houston has not been adequately supplied with lots for many years. • Annual starts on homes priced in the $125,000-$300,000 range represent 1,457 annual starts or 88% of all starts in the TMA. Annual starts in the $150,000 to $175,000 and $175,000 to $225,000 ranges account for 23% and 33% of annual starts, respectively, and also represent the two largest shares of new -home starts in the TMA. Concerning supply by home price range, the VDL months of supply is low (below 18 months) in every Metro/Study home -price category between $100,000 and $500,000. This means that there appears to be opportunity for development in a variety of home price segments. • Metro/Study examines construction and development activity for various lot sizes because the size of the lot is the most important factor determining the size and price of a new home. Annual starts on homes with lots measuring from 55' to 79' represent 1,514 annual starts or 91% of all starts in the TMA. Annual starts on lots from 60' to 64' and from 70' to 79' account for 43% and 29% of annual starts, respectively, the two most active lot sizes in the TMA. Concerning supply, all lot sizes below 90' in width appear to have potential for development. Subdivisions with lots that are 90' or larger appear to be the only segment where there is an oversupply. • The top 20 subdivisions, ranging in price from approximately $100,000 to the low $300,000's, all started at least 30 homes in the past twelve months. These top subdivisions account for 78% of all starts activity in the TMA. Some of these subdivisions are part of a larger community, or master planned community. The top communities in the TMA are Silverlake (416 annual starts), Sunrise Lakes (146 annual starts), and Country Place (134 annual starts). • A total of 4,810 undeveloped lots have received either preliminary or final approval in the TMA. It should be noted that just because a plat is approved, it does not mean that these lots are actually under development. Delivery of lots will depend on the type of lot, the supply and demand for the lot type, and whether the lots are for brand new communities or "add-ons" to existing communities. The 4,810 future lots represent an additional 35 months supply of lots for the TMA, based on 2001 annual lot absorption rates. This is a significant amount of new planning, which is good for this area of town which is so short on supply. The developments with the most future lots are Shadow Creek Ranch (799 lots), Links at Highland Glen (770 lots), Rodeo Palms (487 lots), and Savannah (372 lots). These figures do not necessarily reflect the total yield for each development. American METRO/STUDY Corporation Page - 5 of 22 1 1 1111111111111111 Prepared for Kirby Run Associates LP • In summary, housing trends in the Target Market Area reflect the strength of the overall Houston region. Builders are scrambling for the quality lots in the area, and continued development in a variety of lot sizes to accommodate a wide range of home prices is needed. American METRO/S7'UDY Corporation Page -6of22 Prepared for Kirby Run Associates LP C. Supporting Tables and Charts Demographic Trends Target Market Area Population and Household Trends 1980, 1990, and 2001 Estimate Avg. Annual Year Number Net Change Growth Population 1980 55,040 1990 70,417 15,377 2001 107,526 37,109 Households 1980 17,662 1990 24,334 2001 38,435 * 6,672 14,101 * 1,538 3,374 * 667 1,282 SOURCE: Claritas Target Market Area Household Size Profile 2001 Estimate Household Size 2001 % Distrib. 1 Person 2 Persons 3-5 Persons 6+ Persons 7,176 12,003 17,720 1,536 18.7% 31.2% 46.1% 4.0% TOTAL 38,435 100% TMA Average HH Size: 2.78 Houston Metro Avg. HH Size: 2.75 SOURCE: Claritas American METRO/STUDY Corporation Page - 7 of 22 Prepared for Kirby Run Associates LP 011 Oh Oh Oh w► INS ek Os Target Market Area vs. Houston Percent Distribution of 2001 Households by Size 50% 40% c 30% 3 0 0 `0 20% X 10% 1 Person 2 Persons 3-5 Persons 6+ Persons 0 TMA ■ Metro Houston Target Market Area Income Profile of Households 2001 Estimate Household Income 2001 % Distrib. Below $15,000 $15,000-$24,999 $25,000-$34,999 $35,000-$39,999 $40,000-$49,999 $50,000-$74,999 $75,000-$99,999 $100,000-$149,999 $150,000 Plus 3,637 3,960 4,509 2,372 4,331 8,908 5,981 3,627 1,110 9.5% 10.3% 11.7% 6.2% 11.3% 23.2% 15.6% 9.4% 2.9% TOTAL 38,435 100% TMA Median HH Income: $52,767 TMA Average HH Income: $61,623 Houston Metro Med. HH Income: $62,992 elk Houston Metro Avg. HH Income: elk Ink a $76,246 SOURCE: Claritas American MA-IRO/STUDY Corporation Page - 8 of 22 • Prepared for Kirby Run Associates LP Households 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Target Market Area 2001 Household Income Distribution '` ■ ■ ■ ■ • Below $15,000- $25,000- $35,000- $40,000- 550,000• $75,000- $100,000- $150,000 $15,000 $24,999 $34,999 $39,999 $49,999 $74,999 $99,999 $149,999 Plus 25% 20% 0 15% - Target Market Area vs. Houston Percent Distribution of 2001 Household Incomes 5% 0% Bebw $15 000- $25 000- $35 000- $40,000- $50,000- $75,000- $100,000- $150,000 $15,000 $24,999 $34,999 $39,999 $49.999 $74,999 $99,999 5149,999 Plus ■ TMA 0 Metro Houston American METRO/STUDY Corporation Page - 9 of 22 w • • • • • • • • • • • • 0 • • • • • • 0 0 0 0 0 • • • • 9 • 9 • Prepared for Kirby Run Associates LP Single -Family Housing Starts Target Market Area Annual Starts Rate and Market Share of Total Houston Starts 4Q98 to 4Q01 and Projected Ann. Starts Ann. Starts TMA Share Qtr/Yr Houston TMA of Houston 4Q98 1Q99 2Q99 3Q99 4Q99 1 Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3 Q01 4Q01 22,536 22,685 22,763 23,176 23,983 24,865 25,301 25,830 26,310 26,735 27,943 29,119 29,513 1,409 1,433 1,406 1,387 1,287 1,306 1,270 1,299 1,381 1,444 1,674 1,691 1,660 6.3% 6.3% 6.2% 6.0% 5.4% 5.3% 5.0% 5.0% 5.2% 5.4% 6.0% 5.8% 5.6% American METRO/STUDY Corporation r s 1,800 - 1,600 - 1,400 - 1,200 - 1,000 800 600 -- 400 200 . Target Market Area Annual Starts and Percent Share of Houston Metro Area CO Q) 0) 0) O) 0 0 o 0 o st N l+) < O O N O a O a O a TMA Annual Starts -TMA % Sarre of Houston O o Q cn American METRO/STUDY Corporation Page - 1 0 of 22 Oh • Prepared for Kirby Run Associates LP • • • • • • • • • • • ♦ Vacant Developed Lots (VDL) 41111 ♦ • 9 Houston and Target Market Area Vacant Developed Lot Inventory and Months of Supply 4Q98 to 4QO1 Houston Months TMA Months Qtr/Yr VDL of Supply VDL of Supply 4Q98 1 Q99 •2Q99 3Q99 4Q99 1 Q00 ♦ 2Q00 3Q00 4Q00 ♦ 1 Q01 ♦ 2Q01 3Q01 • 4Q01 ♦ 32,208 32,126 32,695 33,090 36,669 36,591 34,872 35,882 37,530 38,081 36,213 35,717 37,029 17.2 17.0 17.2 17.1 18.3 17.7 16.5 16.7 17.1 17.1 15.6 14.7 15.1 1,218 1,227 1,349 1,348 1,512 1,606 1,987 1,894 2,371 2,146 1,887 1,858 1,740 10.4 10.3 11.5 11.7 14.1 14.8 18.8 17.5 20.6 17.8 13.5 13.2 12.6 American METRO/STUDY Corporation Ok Oh O k American METRO/STUDY Corporation • Page - I 1 of 22 ♦ 11111111111111111111111111111111111111 ,• ► 111 O 0 0 0 0 3 0 0 0 0 0 0 0 0 0 \O \O VD 10 10 O 0 0 0 1/40 1/40 00 W A th W W A W W N W W W W O A '.0 w 0 0 to 00 t0 N tp N N 00 00 t0 - W N 00 w CT A A w A N O \O 00 CT O '.0 N N —1 —] 0 O O W 0h O W N tJ 0 00 tf N J N A D �t w J � 00 cr cn cn 0. d ti O n O a cn CD OSPOIDui1 N no c' cv o a et d CIO eD DID etr uorjdrosgv pun ef.taetipa 107 1 0 4Q98 1Q99 2Q99 3Q99 4Q99 1000 2Q00 3000 4000 1Q01 2001 3Q01 4Q01 Vacant Lots N N 01 0 N 0 Ill 0 0 0 0 0 o o 0 0 0 4---I -I- + 1 unygrpnb3 .yddns -1 4 O O N 0 • Cs)N • 0) A Cr) Alddng Jo stouoyy D 0 a7 0 to in 0 'O 2. mm c I— v a O • • • • • • • 0 • • • 9 9 9 9 Ali Prepared for Kirby Run Associates LP 2,500 2,000 1,500 1,000 500 TMA Annual Lot Delivery and Absorption 4Q99 Annual 4Q00 Annual 4Q01 Annual ■ Lots Absorbed (Starts) 0 Lots Delivered Distribution of Starts and Vacant Developed Lots by Home Price Target Market Area Price Range Distribution of 4Q01 Annual Starts & Vacant Developed Lots Price Annual Percent Vacant Months of Range Starts Distribution Dev. Lots Supply $0-$100K $100K-$125K $125K-$150K $150K-$175K $175K-$225K (/► $225K-$300K $300K-$500K Above $500K TOTAL AIL 9 9 tt a 2 115 262 377 540 278 84 2 1,660 0.1% 6.9% 15.8% 22.7% 32.5% 16.7% 5.1% 0.1% 8 50 126 395 647 346 125 43 100% 1,740 46.2 5.3 5.7 12.6 14.4 15.0 17.8 258.0 12.6 American METRO/STUDY Corporation a American MRIRO/STUDY Corporation 9' • Page -13 of 22 IP • 0 • • • 0 • • 0 • 0 • • • • • • • 0 A Prepared for Kirby Run Associates LP 35% 30% 25% 20% 15% 10% 5% 0% Percent Distribution of Annual Starts by Price Range Houston and Target Market Area $0-$100K $100K- $125K- $150K- $175K- $225K- $300K- Above $125K $150K $175K $225K $300K $500K $500K 0 Target Market Area ■ Houston Metro TMA Vacant Developed Lot Inventory And Months of Supply by Price Range for Housing 700 - 600 - 500 - 400 - 300 - 200 - • 100 — 0 • • • • $0-$100K $100K- $125K- $150K- $175K- $225K- $125K $150K $175K $225K $300K 0 Vac. Dev. Lots • Months of Supply • 1 1 $300K- Above $500K $500K — 25 - 20 -5 0 galk American METRO/STUDY Corporation Page -14 of 22 Prepared for Kirby Run Associates LP Distribution of Starts and Vacant Developed Lots by Lot Width Target Market Area 4Q01 Annual Starts & Vacant Developed Lot Inventory Distributed by Lot Width Lot Vacant Annual Percent VDL Months Width Dev Lots Starts of Total* of Supply Un-known 0'-49' 50'-54' 55'-59' 60'-64' 65'-69' 70'-79' 80'-89' 90' + TOTAL 2 0 6 85 529 202 513 101 302 1,740 1 0 1 148 706 183 477 77 67 1,660 0.0% 0.1% 8.9% 42.6% 11.0% 28.8% 4.6% 4.0% 100% 24.0 72.0 6.9 9.0 13.2 12.9 15.7 54.1 12.6 .4merican METRO/STUDY Corporation * Total does not include starts on lots with an unknown width 45% 40% 35% 30% 25% 20% 15% 10% 5% Percentage Distribution of Annual Starts by Lot Width Houston and Target Market Area 0'-49' 50'-54' 55'-59' 60'-64' 65'-69' 70'-79' ❑ Target Market Area IN Houston Metro 1 80'-89' 90' + American METRO/STUDY Corporation Page - 15 of 22 Prepared for Kirby Run Associates LP 600 500 400 0 O J / 300 O O • TMA Vacant Developed Lots and Months of Supply Distributed by Lot Width 200 — 100 — 0 I I I • • — 60 — 50 — 40 s 0 a 0 — 30 0 y c O —20" — 10 Un- 0'-49' 50'-54' 55'-59' 60'-64' 65'-69' 70'-79' 80'-89' 90' + known I o Vac Dev Lots • Months of Suppy j 0 American METRO/STUDY Corporation Page -16 of 22 Prepared for Kirby Run Associates LP Top Subdivisions and Communities Target Market Area Subdivisions Ranked by 4Q01 Annual Starts Rank Subdivision Name Price 4Q01 Ann 4Q01 Ann Vac Dev Months of Range Closings Starts Lots Supply 1 South Hampton 2 River Mist 3 Park Village Estates 4 Sunrise Lakes 70Ft. 5 Southdown/The Oaks 6 Silverlake/Fieldstone Villages 7 Country Place/The Lakes 70 Ft. 8 Autumn Lake 9 Country Place/The Lakes 60 Ft. 10 Silverlake/Crestwood Cove 11 Sunrise Lakes 60Ft. 12 Pine Hollow 60Ft. 13 Silverlake/Creekstone 14 Silverlake/Edgewater Est./Lks I 70Ft. 15 Clear Creek Park 16 West Oaks Village/Pearland 17 Silverlake/Springbrook 18 Pine Hollow 70Ft. 19 Silverlake/Stonebridge 20 Sunset Lakes Top 20 Total Balance of TMA $129-$184 75 $103-$155 161 $122-$145 74 $188-$266 89 92 $134-$171 113 91 $170-$228 79 70 $194-$252 42 70 $162-$238 39 69 $185-$230 66 64 $213-$310 57 60 $152-$200 70 54 $154-$197 32 48 $198-$246 24 45 $167-$253 13 42 $158-$200 31 40 $140-$195 48 39 $220-$310 18 39 $151-$218 49 37 $150-$182 0 32 $149-$205 41 30 142 133 96 38 1 61 54 0 40 97 105 12 0 144 90 43 90 86 3.2 0.1 7.6 7.0 0.0 6.9 16.6 18.3 2.3 0.0 32.0 22.5 11.5 25.7 25.8 56 17.2 54 16.6 4 1.3 85 31.9 29 11.6 1,121 1,293 1,089 10.1 457 367 651 21.3 TMA Total 1,578 1,660 1,740 12.6 Top 20 Subs % of Entire TMA 71.0% 77.9% 62.6% American METRO/STUDY Corporation Top TMA Communities Ranked by 4Q01 Annual Starts Rank Community 1 Silverlake 2 Sunrise Lakes 3 Country Place Starts 416 146 134 American METRO/STGDY Corporation American METRO/STUDY Corporation Page - 17 of 22 Prepared for Kirby Run Associates LP • oh 411 Oh Oh Oh Oh Oh Ilk a Future Lot Inventory Target Market Area Future Lot Inventory # of Subdivision Sec. Lot Size Developer Lots Cabot Cove Centennial Village Centennial Village Coward Creek Crossing Fairway @ Highland Glen Fairway @ Highland Glen Green Tee Landing Links at Highland Glen Links at Highland Glen Links at Highland Glen Links at Highland Glen Links at Highland Glen Links at Highland Glen Links at Highland Glen Links at Highland Glen Manvel Manor Miranda Place Park Village Estates Park Village Estates Park Village Estates Parks at Walnut Bend Pearland Farms Ravenwood Estates Richter Oaks Rodeo Palms Ryan Acres S.R.T.L. Savannah Plantation Savannah/Meadows Savannah/Meadows Savannah/Ridge Savannah/Ridge Savannah/Trace Seventh Fairway @ Green Tee 1 70x120 1 55x115 2 55x120 1 90x130 1 70x120 2 70x120 1 100x761 SF8 55x115 SF4 62x115 SF5 62x115 SF6 62x115 SF7 62x115 SF2 70x120 SF3 70x120 SF1 80x120 1 60x120 1 72x127 4 60x105 5 60x105 6 60x105 1 60x110 1 70x110 3 125x125 1 180x490 n/a 125x150 1 250x250 1 278x709 4 140x370 1 50x115 2 50x115 1 50x115 3 55x115 1 70x120 1 160x290 Appaloosa Land Co. R. West Development R. West Development Falling Leaf Dev. LLC N/A N/A N/A Newmark Newmark Newmark Newmark Newmark Newmark Newmark Newmark C.L.C. Land and Cattle Eldon W. Husband Donmar Developments Donmar Developments Donmar Developments N/A Chase Lodge Corp. N/A Richter Developers N/A Billy Ray Potts N/A N/A Friendswood Dev. Friendswood Dev. Friendswood Dev. Friendswood Dev. Friendswood Dev. N/A 100 47 36 25 92 108 13 89 152 119 119 113 53 73 52 18 3 61 63 36 250 81 38 12 487 2 4 66 78 72 66 86 70 1 American METRO/STUDY Corporation continued Page - 18 of 22 Ph • • • elk r i 40, kik a a Prepared for Kirby Run Associates LP # of Subdivision Sec. Lot Size Developer Lots Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Shadow Creek Ranch Silvercreek Silvercreek Silvercreek Somerset Place I Sunrise Lakes The Village at Pearland Tiffany Acres Towne Lakes Estates Towne Lakes Th's Village Grove Village Grove Villages of Mary's Creek West Oaks Village/Pearland Wildwinn Estates Wildwinn Subdivision Worden Estates Total SF 9A l 9B SF-7A SF8-A SF-10 SF-14A SF-2 SF-3 SF-5 SF-7B SF-8B 1 2 3 3 5 1 1 1 1 lA 1B 1 4 1 1 1 60x120 65x120 65x120 70x125 70x125 65x120 55x125 65x120 66x125 80x125 90x130 60x120 55x110 67x120 77x125 75x110 70x120 30x107 110x175 70x120 30x100 60x120 70x120 80x120 60x120 140x160 80x145 182x400 Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Pearland Investments Trendmaker Trendmaker Trendmaker Somerset Venture N/A Signature Homes J. Rod Brown Towne Lake LP R. West Development Sowell Dev. Sowell Dev. VMC Partners Ltd. Yale West Ventures N/A N/A Myron D. Worden 84 59 138 43 43 84 56 67 69 54 43 59 65 51 44 66 103 51 2 118 246 138 128 146 107 37 14 10 4,810 American METRO/STUDY Corporation American METRO/STUDY Corporation Page -19 of 22 Prepared for Kirby Run Associates LP Lot Price Comparables Pearland Area Lot Price Comps 1/29/2002 • 32' 45' 55' 60' 65 70' 75' $27,500 $31,500 $35,000 $41,000 $12,500 $15,000 $17, 500 $20,000 $25,000 $26,500 $36,500 $47,500 Source: Homebui/ders American METRO/STUDY Corporation Page - 20 of 22 • • Prepared for Kirby Run Associates LP Assumptions & Limiting Conditions The following contingencies and limiting conditions are noted as fundamental assumptions that may affect the usefulness of this report: 1. All information contained in this report, while based upon information obtained from the client and other sources deemed to be reliable, is in no way warranted by American METRO/STUDY Corporation. 2. The City of Houston, State of Texas, and the nation as a whole will not suffer any major economic shock during the time period of the forecast contained in this report. 3. Population will continue to increase at or above the rate forecast. 4. The basic sources of statistical data and estimates used in this analysis • are sufficiently accurate to be useful for planning purposes. Radical changes in factors affecting the major assumptions noted above 0 could alter any conclusions drawn from the use of this report. 411 w► Oh 6111 Oh ► ► ► ► ► ► ► ► ► ► a American METRO/STUDY Corporation Page - 21 of 22 Prepared for Kirby Run Associates LP American METRO/STUDY Corporation Participating Staff Michael H. Inselmann President ******** David Jarvis Director, Marketing and Consulting ******** Ben Sage Senior Market Analyst American METRO/STUDY Corporation 1001 West Loop South, Suite 890 Houston, Texas 77027 (713) 622-9909 American METRO/STUDY Corporation Page - 22 of 22 3O-OE-8O ICOSIA31:1 ZO - tZ - 90 :31V0 1W0 IAEI NMVldO NVId 3119 100 3lId ONV1UV3d SAN :3000 oar cAOt = .t •31VOS1VNI011:10 ooz 1 001- 1I O9 0 r H1HON J r cnmr Om-o ??mm �o 72 LOTS, 3 BLOCKS, AND 7 RESERVES. -D flo ppm Z cqj O0 z CZ Zo 4s H rn U) RH.1 dO ln° F. R. DRAKE SURVEY, A - 509, 1N31A3AVd ONIISDG 1NJ113S'd9 3DVNR210 ONIISDO AZ -1 1 J 1 1 aMM • o 0 LZ r 1 1 an0erd S3JJY CSO 30VdS N3d0 1 148'9tE1t NOI1V01030 'M'O'a 109 S_ICH ZV'0 YVdS tad() DJ I O , n J 00 i \ 4aa2I0031il�Ifl ) NOISIAIQflf1S ?RIMOO:MH Y�I sotaz't ( L0i. 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