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HomeMy WebLinkAboutOrd. 1654 20251117ORDINANCE NO. 1654 An Ordinance of the City Council of the City of Pearland, Texas, amending the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Two (Amendment No. 6), City of Pearland, Texas to facilitate the construction of City facilities and infrastructure improvements (“Improvements”); authorizing the City Secretary to distribute such plans; containing findings and provisions related to the foregoing subjects; and providing for severability. WHEREAS, the City of Pearland, Texas (the “City”), pursuant to the provisions of Chapter 311, Texas Tax Code, created Reinvestment Zone Number Two, City of Pearland, Texas (the “Zone”), for the purposes of redevelopment of the area of the City within the Zone; and WHEREAS, the proposed Improvements in the Zone will significantly enhance the value of all taxable real property in the Zone and will be of general benefit to the City and the residents of Shadow Creek Ranch; and WHEREAS, the Project Plan and Reinvestment Zone Financing Plan adopted in connection with the creation of the Zone (the “Plans”) should be amended to reflect construction of the Improvements, and the Board of Directors of the Zone have unanimously recommended that the City Council approve Amendment No. 6. WHEREAS, a public hearing on the amendment to the Plans has been scheduled and will take place in conformance with the provisions of Sections 311.011(e) and 311.003(c) and (d)of the Texas Tax Code. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS THAT: Section 1. The facts and recitations contained in the preamble of this Ordinance are hereby found and declared to be true and correct and are adopted as part of this Ordinance for all purposes. Section 2. The Plans are hereby amended as provided in Exhibit “A” attached hereto. The Plans as amended (the “Amended Plans”) are hereby determined to be feasible and are approved. The appropriate officials of the City are authorized to take all steps reasonably necessary to implement the Amended Plans. Section 3. The City Secretary is directed to provide copies of the Amended Plans to each taxing unit currently participating in the Zone. Section 4. If any provision, section, subsection, sentence, clause or phrase of this Ordinance, or the application of same to any person or set of circumstances is for any reason be held to be unconstitutional, void or invalid, the validity of the remaining provisions of this Ordinance shall not be affected thereby, it being the intent of the City Council in adopting this Ordinance that no portion hereof or provision or regulation contained herein shall become inoperative or fail by reason of any unconstitutionally, voidness or invalidity of any other portion hereof, and all provisions of this Ordinance are declared to be severable for that purpose. Docusign Envelope ID: C1E37271-EF28-4D36-A593-15196A68A912 ORDINANCE NO. 1654 2 Section 5. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall for the time required by law preceding this meeting, as required by the Open Meetings Law, TEX. GOV’T CODE ANN., Ch. 551; and that this meeting was open to the public as required by law at all times during which this Ordinance and the subject matter thereof was discussed, considered and acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. PASSED AND APPROVED ON FIRST READING this the 10th day of November, A. D., 2025. J.KEVIN COLE MAYOR ATTEST: _____________________________ FRANCES AGUILAR, TRMC, MMC CITY SECRETARY PASSED and APPROVED ON SECOND and FINAL READING this the 17th day of November, A. D., 2025. . ________________________________ J.KEVIN COLE MAYOR ATTEST: ____________________________ FRANCES AGUILAR, TRMC, MMC CITY SECRETARY APPROVED AS TO FORM: ____________________________ DARRIN M. COKER CITY ATTORNEY Docusign Envelope ID: C1E37271-EF28-4D36-A593-15196A68A912 REINVESTMENT ZONE NUMBER TWO CITY OF PEARLAND, TEXAS 6th AMENDMENT TO PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN 6th Amendment to TIRZ 2 Project and Financing Plan CITY COUNCIL 2025 Council Members Mayor Hon. Kevin Cole Mayor Pro-Tem Hon. Tony Carbone, Position 2 Council Member Hon. Joseph Koza, Position 1 Hon. Mona Chavarria, Position 3 Hon. Clint Byrom, Position 4 Hon. Layni Cade, Position 5 Hon. Rick Fernandez, Position 6 Hon. Rushi Patel, Position 7 City Manager Trent Epperson 6th Amendment to TIRZ 2 Project and Financing Plan BOARD OF DIRECTORS 2025 Board Members Position 1 Buck Stevens State Senator Designee Position 2 Thomas King State Representative Designee Position 3 Kenneth R. Phillips, Chair City of Pearland Designee Position 4 Henry Fuertes City of Pearland Designee Position 5 Woody Owens City of Pearland Designee Position 6 Christopher Williams City of Pearland / Alvin Independent School District Designee Position 7 Clay Naiser Alvin Independent School District Designee Position 8 Ali Hasanali Fort Bend County Designee Position 9 Larry Loessin Brazoria County Designee 6th Amendment to TIRZ 2 Project and Financing Plan 6th AMENDMENT TO THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR REINVESTMENT ZONE NUMBER TWO, CITY OF PEARLAND, TEXAS (SHADOW CREEK RANCH) I. OVERVIEW This 6th Amendment to Tax Increment Reinvestment Zone Number Two, City of Pearland, Texas (the “Zone” or “Shadow Creek Ranch TIRZ”) Project Plan and Reinvestment Zone Financing Plan (the “Plan”) is necessary to facilitate the construction of parks and recreation and transportation improvements to serve the residents within Shadow Creek Ranch and the City of Pearland. II. 6th Plan Amendment This amendment adds five additional projects that are necessary to meet the level of service expected from current residents that could not be anticipated at the time of the original Zone creation. The currently projected increment for the remaining life of the Zone has exceeded original expectations such that sufficient increment is projected to be available to fund the level of improvements needed to match resident expectations. Improvements to be funded by this Amendment include park and trail improvements including land costs, and roadway improvements including associated landscaping costs. A portion of the land to be acquired lies outside the boundaries of the Zone. The Board of Directors of the Zone and the City Council of the City of Pearland find that the acquisition and proposed use of such land benefits the Zone. When adopted, this 6th Plan Amendment will not amend any portion of the Project Plan and Reinvestment Zone Financing Plan except as described below. With the recommendation for approval of this 6th Plan Amendment by the Board of Directors of the Zone and approval by the City Council of Pearland, the following sections of the Reinvestment Zone Project Plan and Reinvestment Zone Financing Plan shall be amended as follows: Project Plan No Changes 6th Amendment to TIRZ 2 Project and Financing Plan Reinvestment Zone Financing Plan A. Estimated Project Cost Description (311.011(c)(1) Section 1. Infrastructure Improvements. Exhibit E in the Financing Plan is amended as described in the amended Exhibit E attached hereto with estimated additional Project Costs for infrastructure improvements of $34,000,000. 6th Amendment to TIRZ 2 Project and Financing Plan AMENDED EXHIBIT E TIRZ BUDGET 12,610,050 1,634,000 14,244,050 1,859,400 1,859,400 9,675,350 9,675,350 735,320 735,320 125,900 125,900 2,831,789 2,831,789 852,722 852,722 383,107 383,107 3,026,863 363,000 3,389,863 6,940,964 1,029,000 7,969,964 10,195,776 1,649,000 11,844,776 29,121,915 5,625,600 34,747,515 4,597,889 6,675,000 11,272,889 2,850,000 2,850,000 200,000 200,000 1,842,000 1,842,000 5,155,524 5,573,025 10,728,549 2,383,545 12,000,000 14,383,545 157,500 157,500 67,500 67,500 1,200,000 1,200,000 700,000 700,000 20,000 20,000 340,000 340,000 300,000 300,000 600,000 550,000 1,150,000 150,000 150,000 100,000 100,000 1,000,000 1,000,000 6,485,600 6,485,600 7,100,000 7,100,000 8,181,116 1,733,620 9,914,736 11,274,211 2,860,473 490,000 900,000 15,524,684 70,000 70,000 100,000 100,000 9,720,000 9,720,000 767,760 767,760 1,470,000 1,470,000 7,140,000 7,140,000 7,957,160 7,957,160 1,137,701 1,137,701 2,479,000 2,479,000 4,000,000 4,000,000 6,000,000 6,000,000 8,000,000 8,000,000 4,000,000 4,000,000 108,267,923 34,474,218 11,574,618 8,000,000 28,192,621 2,479,000 34,000,000 226,988,380 (6) The Budget as amended shows budget line items as approved in their respective years without adjustment for inflation. Item TIRZ Budget as approved (08/23/99) 1st Plan Amendment (03/27/06) 2nd Plan Amendment (10/23/06) 3rd Plan Amendment (10/23/06) TIRZ Budget as Amended (6) Land Cost Landscapring and Irrigation Entry Monuments Pavement Sidewalls Infrastructure Streets 5th Plan Amendment (4) (10/28/19) Contingencies and Engineering 4th Plan Amendment (3) (06/18/18) 6th Plan Amendment (5) (11/17/25) (5) The amended Budgets as approved in 2025are shown in 2025 dollars and have not been adjusted for inflation. Enviornmental Study Costs Subtotal Shadow Creek Ranch Park Phase II Shadow Creek Trail - SCR Park Trail to Kirby and SCR Trail System Shadow Creek Trail Phase II - Along Clear Creek Relief Ditch & Library Trail Shadow Creek Parkway Landscaping, Street Lighting & Sidewalks Intersection Improvements (BCD/SCP, BCD/Broadway, etc) Kingsley/Clear Creek Bridge Engineering (15%) Master Drainage Plan Costs Lighting Broadway Widening and Signalization Memorial Hermann Drive Paving Detention and Drainage Land Cost Beautificaiton/Deepening/Pond Creation Site Drainage Facilities Park and Recreation Improvements Landscaping Lakes and Channels Improvements Wastewater System Storm Water Sysem Business Center Drive Paving Water System Land Cost Sidewalk Extensions (4) The amended Budgets as approved in 2019 are shown in 2019 dollars and have not been adjusted for inflation. Shadow Creek Trail Phase III Shadow Creek Ranch Park Phase III Broadway Widening & Improvements- Kirby to Windward Bay Land Cost WWTP Major Improvements Water Plants Overhead Utilities Placed Underground Pipeling Relocation Business Center Drive Memorial Hemann Drive FM 518 Improvemens Broadway /FM 518 Improvements Signal SH 288 Access Road McHard Road Reimbrusables Miscelaneous FM 521 Expansion Project (1) The original TIRZ Budget as approved in 1999 dollars has not been adjusted for inflation. (2) The amended Budgets as approved in 2006 are shown in 2006 dollars and have not been adjusted for inflation. (3) The amended Budgets as approved in 2018 are shown in 2018 dollars and have not been adjusted for inflation. Lift Station Contingencies (10%) Traffic Signals 1 2 2 2 Continued on Next Page 6th Amendment to TIRZ 2 Project and Financing Plan 466,000 466,000 900,000 900,000 250,000 250,000 175,000 175,000 1,366,000 250,000 175,000 1,791,000 109,633,923 34,724,218 11,749,618 8,000,000 28,192,621 2,479,000 34,000,000 228,779,380 2,395,000 14,253,174 5,250,000 21,898,174 105,000 105,000 2,255,000 9,878,439 12,133,439 245,000 245,000 5,000,000 0 0 0 24,131,614 5,250,000 0 34,381,614 41,600,000 41,600,000 21,450,000 21,450,000 34,050,000 34,050,000 11,000,000 11,000,000 26,000,000 26,000,000 134,100,000 0 0 0 0 0 0 134,100,000 248,733,923 34,724,218 11,749,618 8,000,000 52,324,235 7,729,000 34,000,000 397,260,994 Educational Facilities Total FBISD Elementary School FBISD Middle School AISD Jr. High School AISD Fresh/Soph Campus Land Costs City Facilities Total Educational Facilities Fire/Police Station Grand Total (1) The original TIRZ Budget as approved in 1999 dollars has not been adjusted for inflation. (5) The amended Budgets as approved in 2025are shown in 2025 dollars and have not been adjusted for inflation. Reimbursable TIRZ Creation Costs Annexation Costs Zone Administration/Creation TIRZ Administration (1-3 Years) AISD Elementary School (4) The amended Budgets as approved in 2019 are shown in 2019 dollars and have not been adjusted for inflation. (6) The Budget as amended shows budget line items as approved in their respective years without adjustment for inflation. Improvements Improvements Land Costs City Facilities Library Infrastructure Total Plan Amendment Costs Subtotal Item TIRZ Budget as approved (08/23/99) 1st Plan Amendment (03/27/06) 2nd Plan Amendment (10/23/06) 3rd Plan Amendment (10/23/06) 4th Plan Amendment (3) (06/18/18) 5th Plan Amendment (4) (10/28/19) 6th Plan Amendment (5) (11/17/25) TIRZ Budget as Amended (6) (2) The amended Budgets as approved in 2006 are shown in 2006 dollars and have not been adjusted for inflation. (3) The amended Budgets as approved in 2018 are shown in 2018 dollars and have not been adjusted for inflation. 1 2 2 2