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R99-057 08-09-99RESOLUTION NO. R99-57 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO ENTER INTO AN INTERLOCAL AGREEMENT WITH FORT BEND COUNTY TO COOPERATE IN ESTABLISHING CONDITIONS FOR PARTICIPATION IN TAX INCREMENT REINVESTMENT ZONE NO. 2 WITHIN THE CORPORATE CITY LIMITS OF PEARLAND. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That certain interlocal agreement by and between the City of Pearland and Fort Bend County, a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is hereby authorized and approved. Section 2. That the City Manager Or his designee is hereby authorized to execute and the City Secretary to attest the original of the attached agreement for and on behalf of the City of Pearland, to cooperate with the aforementioned entity in establishing conditions for participation in Tax Increment Reinvestment Zone No. 2 within the corporate city limits of Pearland. PASSED, APPROVED and ADOPTED this day of ~d,,.~',,)~ , A.D., 1999. ATTEST: ~'~~ETA APPROVED AS TO FORM: DARRIN M. COKER CITY ATTORNEY TOM REID MAYOR the THE STATE OF TEXAS COUNTIES OF FORT BEND, BRAZORIA AND HARRIS AGREEMENT I. PARTIES A. Address THIS AGREEMENT ("Agreement") is made by and between the CITY OF PEARLAND, TEXAS ("City"), a municipal corporation and home-rule city of the State of Texas principally situated in the Counties of Fort Bend, Brazoria, and Harris, acting by and through its governing body, the City Council; FORT BEND COUNTY ("County"), located at 301 Jackson, Suite 719, Richmond, Texas 77469; and the REINVESTMENT ZONE NUMBER TWO, CITY OF PEARLAND, TEXAS (the "Reinvestment Zone"), a reinvestment zone created by the City of Pearland pursuant to Chapter 311 of the Texas Tax Code, acting by and through its Board of Directors. This Agreement is made pursuant to Section 311.013 of the Texas Tax Code, which Section permits a taxing unit to enter into agreements to pay into the tax increment fund any of its tax increment produced from property located in a reinvestment zone. The initial addresses of the parties, which one party may change by giving written notice of its changed address to the other parties, are as follows: City County City Manager or Designee City of Pearland, Texas 3519 Liberty Drive Pearland, Texas 77581 Fort Bend County Attention County Judge 301 Jackson Street, Suite 719 Richmond, Texas 77469 The Reinvestment Zone Reinvestment Zone Number Two, City of Pearland, Texas Attention: Chairman c/o City of Pearland, Texas 3519 Liberty Drive Pearland, Texas 77581 F:\TLI532\SHADCRK~ZONEXINTERLO2.FBC December 16, 1998, 3:30 p.m. B. Index The City, the County and the Reinvestment Zone hereby agree to the terms and conditions of this Agreement. This Agreement consists of the following sections: Section/Description I. PARTIES Pacje 1 II. DEFINITIONS 5 III. BACKGROUND 6 IV. OBLIGATIONS OF THE COUNTY V. OBLIGATIONS OF CITY AND THE REINVESTMENT ZONE 8 VI. TERM AND TERMINATION 8 VII. MISCELLANEOUS 9 Exhibit "A" -- City of Pearland Ordinance No. 891 C. Parts Incorporated All of the above described sections and documents are hereby incorporated into this Agreement by this reference for all purposes. F:\TLI532\SHADCRKXZONEXlNTERLO2.FBC '2- December 16, 1998, 3:30 p.m. IN WITNESS HEREOF, the City, the County and the Reinvestment Zone have made and executed this Agreement in multiple copies, each of which is an original. CITY OF PEARLAND, TEXAS, a hom~~:a~, City Mayor Date FORT BEND COUNTY f2,/.,<':'.f/' County Judge Date ATTEST: ~C-~ Se;~ Date Commissioner Date Commissioner Date COUNTERSIGNED: Commissioner Date City Manager Date Commissioner Date APPROVED AS TO FORM: City Attorney Date APPROVED AS TO FORM: Attorney / Date F:\TLI532\SHADCRK~ZONE~YI'ERLO2.FBC December 16, 1998, 3:30 p.m. '3' REINVESTMENT ZONE NUMBER TVVO, CItY OF PEARLAND, TEXAS By: Date Title: Chairman, Board of Directors ATTEST/SEAL: By: , ate Title: Secretary, Board of Directors[:) [The remainder of this page is intentionally left blank.] F:\TLI532\SHADCRK~ZONE~NTER.LO2.FBC '4- December 16, 1998, 3:30 p.m. II. DEFINITIONS As used in this Agreement, the following terms shall have the meanings set out below: "Administrative Costs" means the costs of organizing the Reinvestment Zone, the costs .of operating the Reinvestment Zone and the imputed administrative costs associated with the Reinvestment Zone incurred by the City in connection with the implementation of the project plan. "Agreement" means this agreement between the City, the County and the Reinvestment Zone. "Agreement Term" is defined in Section VI. "Captured Appraised Value" means the captured appraised value of the Reinvestment Zone as defined by Chapter 311, Texas Tax Code. "City" is defined in Section I of this Agreement and includes its successors and assigns. "Countersignature Date" means that date shown as the date countersigned by the City Manager on the signature page of this Agreement. The "County" is defined in Section I of this Agreement and includes its successors and assigns. The "County Tax Increment Participation" means the amount of the County tax levy on the Captured Appraised Value which the County agrees to contribute to the Reinvestment Zone pursuant to Subsections A and B of Section IV of this Agreement. "Project Plan" means the project plan and reinvestment zone financing plan for the Reinvestment Zone adopted by the board of directors of the Reinvestment Zone and approved by the City Council of the City. "Reinvestment Zone" means Reinvestment Zone Number Two, City of Pearland, Texas created by the City on _D,.ec 2]., ],998 , by Ordinance No. 89], , attached as Exhibit "A," and includes its successors and assigns. "Tax Increment Fund" means the tax increment fund created by the City in the City Treasury for the Reinvestment Zone. F:\TL1532~SHADCRK~ZONEXINTERLO2.FBC -5 - December 16, 1998, 3:30 p.m. Otherwise, the terms used herein shall have the meanings ascribed to them in Chapter 311, Texas Tax Code, as applicable. III. BACKGROUND By Ordinance No. 891 ,adopted Dec 21, 1998 , the City created the Reinvestment Zone for the purposes of development and redevelopment in the area of the Reinvestment Zone. The City will deposit tax increments produced in the Reinvestment Zone in the Tax Increment Fund. The County desires to participate in the Reinvestment Zone in consideration for the agreements set forth below. The County received written notice from the City of the City's intent to establish the Reinvestment Zone. Such notice was received more than sixty (60) days before the public hearing on the creation of the Reinvestment Zone and conforms in all respects to the requests of §311.003 of the Texas Tax Code. IV. OBLIGATIONS OF THE COUNTY A. Tax Increment Participation by the County For and in consideration of the agreements of the parties set forth herein, and subject to the remaining subsections of this section, the County agrees to participate in the Reinvestment Zone by contributing the below listed amounts of the tax increment produced in the Reinvestment Zone attributable to the County to the Tax Increment Fund during the term of this Agreement (the "County Tax Increment Participation"). (1) The amount in the years 1999 through 2008 is the amount of taxes collected by the County in each of such years at a County tax rate of $0.624100 per $100 valuation on the Captured Appraised Value. If the County tax rate is less than $0.624100 during such period, then the County Tax Increment Participation is the total amount of taxes collected by the County at the actual tax rate of the County on the Captured Appraised Value. Taxes collected during such period by result of a County tax levy at a tax rate greater than $0.624100 shall be retained by the County. F:\TLI532\SHADCRK~ZONE~INTERLO2.FBC '6- December 16, 1998, 3:30 p.m. (2) The amount in years 2009 through 2018 is the amount of taxes collected by the County in each of such years at a rate of $0.468075 per $100 valuation on the Captured Appraised Value. If the County tax rate is less than $0.468075 for such year, then the County Tax Increment Participation in such year is the total amount of taxes collected by the County at the actual tax rate of the County on the Captured Appraised Value. Taxes collected by result of a County tax levy at a tax rate greater than $0.468075 shall be retained by the County. (3) The amount in years 2019 through 2028 is the amount of taxes collected by the County in each of such years at a rate of $0.312050 per $100 valuation on the Captured Appraised Value. If the County tax rate is less than $0.312050 for such year, then the County Tax Increment Participation in such year is the total amount of taxes collected by the County at the actual tax rate of the County on the Captured Appraised Value. Taxes collected by result of a County tax levy at a tax rate greater than $0.312050 shall be retained by the County. The County's Tax Increment Participation and obligation to participate in the Reinvestment Zone shall be restricted to its tax increment collected on the Captured Appraised Value in the Reinvestment Zone in the amounts shown above. The County shall not be obligated to pay its County Tax Increment Participation from other County taxes or revenues or until the County Tax Increment Participation in the Reinvestment Zone is actually collected. The obligation to pay the County Tax Increment Participation shall accrue as taxes representing the County tax increment are collected and payment shall be due on the first day of each calendar quarter. B. Expansion of the Investment Zone The obligation of the County to participate in the Reinvestment Zone is limited to the area described in Exhibit "A" attached hereto. The County's participation shall not extend to the tax increment on any additional property added to the Reinvestment Zone by the City unless the County approves the participation. F:\TLI532\SHADCRK'~ZONEXlNTERLO2.FBC '7- December 16, 1998, 3:30 p.m. C. Board of Directors As a participating taxing unit, the County shall have the right to appoint one (1) member on the Reinvestment Zone Board of Directors. Failure of the County to appoint a person to the Board of Directors of the Reinvestment Zone by March 1, 1999, shall be deemed a waiver of the County's right to make an appointment by a later date. V. OBLIGATIONS OF CITY AND THE REINVESTMENT ZONE A copy of the Reinvestment Zone Project Plan and any amendments thereto shall be provided to the County before any such plan is finally approved by the Reinvestment Zone. VI. TERM AND TERMINATION A. Agreement Term This Agreement shall become effective as of the date of the final signature hereto, and shall remain in effect until thirty (30) years later. The first payment of the County Tax Increment Participation shall be for those taxes levied by the County in the year 1999 and the last payment by the County under this Agreement is for those taxes levied by the County in the year 2028. B, Early Termination The City shall not adopt an ordinance terminating the Reinvestment Zone eadier than the duration of the Zone established in Ordinance No. 891 , without the prior consent of the County, provided that the Reinvestment Zone may otherwise terminate by operation of law. C. Disposition of Tax Increments Upon termination of the Reinvestment Zone, if all public improvements in the Project Plan have been constructed and financed and if all Reinvestment Zone debt is paid in full, the City and the Reinvestment Zone shall pay to the County all monies remaining in the Tax Increment Fund that are attributable to the County Tax Increment Participation. F:\TLI532\SHADCRKXZONEXIl'Tl'ERLO2.FBC December 16, 1998, 3:30 p.m. VII. MISCELLANEOUS A. Severability In the event any term, covenant or condition herein contained shall be held to be invalid by any court of competent jurisdiction, such invalidity shall not affect any other term, covenant or condition herein contained, provided that such invalidity does not materially prejudice either the County, the City or the Reinvestment Zone in their respective rights and obligations contained in the valid terms, covenants or conditions hereof. In the event any term, covenant or condition shall be held invalid and affects in any manner the limitations on the County's contributions or participation, then this Agreement shall be void as to the County and the County shall have no liability for any incremental or other payments as may otherwise be provided for in this Agreement. B. Entire Agreement This Agreement merges the prior negotiations and understandings of the parties hereto and embodies the entire agreement of the parties, and there are no other agreements, assurances, conditions, covenants (express or implied) or other terms with respect to the covenants, whether written or verbal, antecedent or contemporaneous, with the execution hereof. C. Written Amendment Unless otherwise provided herein, this Agreement may be amended only by written instrument duly executed on behalf of each party. D. Notices All notices required or permitted hereunder shall be in writing and shall be deemed delivered when actually received or, if earlier, on the third (3rd) day following deposit in a United States Postal Service post office or receptacle with proper postage affixed (certified mail, return receipt requested) addressed to the respective other party at the address prescribed in Section I of this Agreement or at such other address as the receiving party may have theretofore prescribed by notice to the sending party. F:\TL1532\SHADCRK~ZONE~NTERLO2.Ft~C ,~}_ De~jnber 16, 1998, 3:30 p.m. E. Non-Waiver Failure of any party hereto to insist on the strict performance of any of the agreements herein or to exercise any rights or remedies accruing hereunder upon default or failure of performance shall not be considered a waiver of the right to insist on, and to enforce by any appropriate remedy, strict compliance with any other obligation hereunder or to exercise any right or remedy occurring as a result of any future default or failure of performance. F. Assignment No party shall assign this Agreement at law or otherwise without the prior written consent of the other parties. No party shall delegate any portion of its performance under this Agreement without the written consent of the other parties. G. Successors This Agreement shall bind and benefit the parties and their legal successors. This Agreement does not create any personal liability on the part of any officer or agent of the City or of any trustee, officer, agent or employee of the County. H. No Waiver of Immunity No party hereto waives or relinquishes any immunity or defense on behalf of itself, its trustees, officers, employees, and agents as a result of its execution of this Agreement and performance of the covenants contained herein. F:\TLlS32~SHADCRK~ZONEXlNTERLO2.FBC - ] 0- December 16, 1998, 3:30 p.m. City of Padand, 'Texas, Ordinance No~ 891 AN ORDINANCE DESIGNATING A CONTIGUOUS GEOGRAPHIC AREA WITHIN THE CITY OF PEARLAND AS REINVESTMeNT ZONE NUMBER TWO, CITY OF PEARLAND, TEXAS; CREATING A BOARD OF DIRECTORS FOR SUCH ZONE; MAKING VARIOUS FINDINGS AND PROVISIONS RELATED TO SEVERABILITY CLAUSE. THE SUBJECT; AND PROVIDING A WHEREAS, the City Council has received petitions (the "Petitions"), requesting that a contiguous geographic area in the City of Pearland (the "City"), be designated as a reinvesUnent zone under the provisions of Chapter 3 11 of the Texas Tax Code; and WHEREAS, the Petitions were submiRed by the owners of property constituting at least fifty percent of the appraised value of the property in the proposed reinvestment zone according to the, most recent cerd~ed appraisal rolls for Brazoria and Fort Bend Counties, Texas, the counties in which the proposed zone is located; and WHEREAS, the City has prepared a preliminary reinvestment zone financing plan and has. presented the plan to the governing body of each taxing unit that levies taxes on real property in the proposed reinvestment zone; provided written notice of its intent to establi-qh the reinvestment zone on September 30, 1998, and made a formal presentation to representatives of Brazoria County, Fort Belld County, Airill Community College, Brazoria Drainage District No. 4, PearlaM Independent School District, Alvin Independent School District and Fort Bend Independent School District pursuant to Section 311.003 of the Texas Tax Code; and WHEREAS, the preliminary reinvestment zone icing plan provides that the City's ad valorera taxes are to be deposited into the tax increment fund, and that taxes of other taxing units may be utilized in the financing of the proposed zone; and WHEREAS, following notice thereof, published on December 13, 1998, in the Houston Chronicle, a newspaper of general circulation in the City, a hearing was held on the creation of the proposed zone on December 21, 1998, such hearing being more than 60 days following notice to the taxing units described above; and WHEREAS, at the public hearing, all interested persons were allowed to speak for or against the creation of the proposed zone, its boundaries, or the concept of tax increment icing and evidence was received and presented at the public hearing in favor of the creation of the proposed zone under the provisions of Chapter 3 1 I, Texas Tax Code; - WHEREAS, no owner of real property in the proposed zone protested the inclusion of his property in the proposed zone; and WHEREAS, in its consideration of the creation of the proposed reinvestment zone, the City Council anticipates the participation of the various other taxing units at levels sufficient to carry out the proposed projects, and ff the actual level of participation by the other taxing units is insufficient in the determination of the City Council, the proposed reinvestment zone may be terminated by the City pursuant and subject to the applicable provisions of Chapt~ 3 11 of the Texas Tax Code; and WItE~, the City will not incur financial obligation solely as a result of the approval of the creation of the reinvestment zone, with any such financial obligations to be incurred only upon further approval by City Council, NOW, THEREFORE, BE IT ORI)AINEI) BY TIlE CITY COUNCIL OF TI~ CITY OF PEARLAND, TEXAS: Section 1. Findln~,s. (a) That 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. VEHOU09:7~01:S.I °2- (b) That the City Council further finds and declares that the proposed improvements in the zone will signi~can~y enhance fl~e value of all the taxable real property in the proposed zone and will be of general benefit to the City. (c) That the City Council further finds and declares that the proposed reinvesunent zone meets the criteria of Section 311.005 of the Texas Tax Code because the proposed zone is an area designated in a petition submitted by the owners of property constituting at least 50 percent of the appraised value of the property in the area requesting that the area be designated as a reinvestment zone. (d) That the City Councfl, pursuant to the requirements ofChapter 311, Texas Tax Code, further finds and declares: ( 1 ) That the proposed zone is a contiguous geographic area located wholly within the corporate limits of the City of Pearland; (2) That the total appraised value of taxable real property in the proposed zone, and in existing reinvestment zones, if any, does not exceed fifteen percent of the total by the City; (3) That the proposed zone does not contain more than fifteen percent of the total appraised value of real property taxable by Brazoria County, Fort Bend County, Alvin Independent School District, or Fort Bend Independent School District; (4) That development or redevelopment within the boundaries of the proposed zone will not occur solely through private investment in the reasonably foreseeable future. Section 2. r}esig, ation of the 74~ne That the City, acting under the provisions of Chapter 311, Texas Tax Code (the "Act"), including Section 311.005(a)(5), does hereby ~eate and de~i_~,n~_~- a ~'investment zone over the area ~:73035.1 -3' described in Exhibit "A" and depicted in the map attached hereto as Exhibit "B." The reinvestment zone shall hereafter be identified as Reinvestment Zone Number Two, City of Pearland, Texas (the "Zone"). The City Council specifically declares that the Zone is designated pursuant to Section 311.005(a)(5) of the Texas Tax Code. · Section 3. Board of Directors That there is hereby created a Board of Directors for the Zone, which shall consist of nine (9) members. Position One on the Board of Directors shall be filled by the State Senator representing the area included within the Zone or his or her dcsignec. Position Two on the Board shall be ~llod by thc State Representative representing the area included within the Zone or I~s or her designee. The Mayor is hereby authorized to nominate and al~int the remsining seven (7) members of the Board to Positions Three through Nine, subject to the consent and approval of the City Council; provided, however, that (i) Brazoria County shah be entitled to appoint a director to Position Nine if Brazoria County approves the payment of all or pa~t of the tax increment attributable to Brazoria County, ('ti) Fort Bend County shall be entitled to appoint a director to Position Eight if Fort Bend County approves the payment of all or part of the tax increment attributable to Fort Bend County, (iii) the Alvin Independent School District (*Alvin ISD*) shall be entitled to appoint a director to Position Seven if Alvin ISD approves the payment of all or part of the tax inct~nent attn'butablc to Alvin ISD, and (iv) the Fort Bend ~ School Dis~ct (*Fort Bend ISD') shall be entitled to appoint a director to Position Six if Fort Bend ISD approves the payment of all or part of the tax increment attributable to Fort Bend ISD. Failure of Brazoria County, Fort Bend County, ,AJvin ISD, or Fort Bend ISD to appoint a director by March 1, 1999, shall be deemed a waiver of that taxing unit's right to appoint a eftrector, and the lV[ayor shall be entitled to nomln~t_e and appoint persons to such positions, subject to the consent and approval of City Council. VEHOU09:73035.! ~ The directon or their designees in Position One and Position Two shall be members of the board by operation of law pursuant to Section 311.009Co), Texas Tax Code. The initial directors appointed to Positions Three, Four and Five shall be appointed for two-year terms, be~_'nnirlg January 1, 1999, while the directors appointed to Positions Six, Seven, Eight and Nine shall be appointed to one-year terms, beginning January I, 1999. All subsequent appointments shall be for two-year terms. The member of the Board of Directors appointed to Position Three is hereby desi-,m~'qt~to serve asthechir ofthe Board of Directors foratetm beginning January 1, 1999, and ending December 31, 1999. Thereafter, the Mayor shall annually nominate and appoint, subject to City Council approval, a member to serve as chair for a term of one year beginning January I of the following year. The City Council authorizes the Board of Directors to elect from its members a vice chairman and such other officers as the Board of Directors sees fit. The Board of Directors shall prepare or cause to be p~pat~ and adopt a project plan and a reinvestment zone financing plan for the Zone as described in Section 311.011, Texas Tax Code. and sh3H submit such plans to the City Council for its approval. Th~ City hereby delegates to the Board of Directors all powers necessary to sdminlster, mallage and operate the Zone ~ prepare afd implement the project plan and reinvestment zone financing plan, subject to approval by the City Council, including the power to employ any consultants or enter into any reimbu~eme~t agreements payable solely from the Tax Increment Fund established pursuant to Section 6 of this Ordinance subject to the approval of the City Manager, that may be reasonably necer, sa~ to assist the Board of Directors in the preparation of the pwject plan and reinvestment zone financing plan and in the issuance of tax increment obligations. Section 4. Duration of the Zone That the Zone shall take effect on January 1, 1999, and termination of the operation ofthe Zone shall occur on December 31, 2028, or at an earlier time designated by subsequent ordinance, VEHOU09:TJ(B$.I -5- ' or at such time, subsequ~ to the issuance of tax incremt. nt bonds, if any, that all project costs, tax increment bonds, and the interest on the bonds, have been paid in full. Section 5. T.-x Increment Base That the Tax Increment Base for the Zone is the total appraised value of all real property taxable by the City and located in the Zone, determined as of January 1, 1998, the year in which the Zone was effective and designated as a reinvestment zone (the "Tax Increment Base"). Section 6. T*~r Increment lPnnd That there is hen~by created and established a Tax Increment Fund for the Zone which may be divided into subaccounts as authorized by subsequent ordinances. All Tax Increments, as defined below, shall be deposited in the Tax Increment Fund. The Tax Increment Fund and any subaccounts shall be rrmlntz, lned at the depository bank of the City and shall be secured in the manner prescribed by law for Texas cities. The annual Tax Increment shall equal the amount by which the then-current appraised value of all taxable real property located in the Zone exceeds the Tax Increment Base of revenues from the sale of any tax increment bonds or other notes hereafter issued by the City, if any, revenues from the sale of property acquired as part of the tax increment financing plan, if any, and other ~*venues to be used in the Zone shall be deposited into the Tax Increment Fund. Money shall be disbursed fi'om the Tax lncrelnent Fund only to pay project costs for the Zone, as defined by the Texas Tax Code, to satisfy the claims of holders of tax increment bonds or notes issued for the Zone or pursuant to any agreement the Board of Directors considers necessary or convenient to implement the Zone's project plan and reinvestment zone financing plan ant/achieve their purposes. Section 7. Severabili{y 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 held to be unconstitutional, void or invalid, the validity of the rem.ining provisions of this Ordinance or their application to other persons or set of circumstances shall not be affected thereby, it being the intent of the City Council in adopting this Ordinance that no portion hereof or regulations contained herein. shall become inoperative or fail by reason of any unconstitutionality voidness or invalidity of any portion hereof, and all provisions of this Ordinance are declared severable for that purpose. Section 8. ODen Meeting, It is hereby found, determined and declared that a sufficiem written notice of the date, hour, place and subject of the meeting of the City Council at which this Ordinance was adopted was posted at a place convenient and rapidly accessible at all times to the general public at the City Hall of the City for the Time required by law preceding this meeting, as required by the Open Meetings Law, Texas Gov't Code Ann., ch. SS1, and that this meeting has been open to the public as required by law at all times during which this Ordinance and the subject m~a~___,.r hereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. S~-~iou 9. Norlees The contents of the notice of the public hearing, which heating was held before the City Council on December 21, 1998, and the publication of said notice, is hereby ratified, approved and confirmed. VE]iO U09:7303S. I PASSED AND APPROVED on First Reading this the L~y of December, 1998. Tom Reid Mayor ATTEST: PASSED, APPROVED AND ADOPTED on ' ' ' of Tom Reid Mayor APPROVED AS TO FORM: Darrin M. Coker City Attorney VEH4XJq~.73035.1 Nov~nb~r 3. 1998 Job No. 1545-9803- I00 DESCRIPTION OF 3333 ACRES. MORE OR LESS SFLa, DOW CREEK RANCH PLANNED UNIT DEVELOPMENT Ik'in8 3333 acres of !and, more or less, located in the Dupuy and Roberrs Survey, Abstract 726, Brazoria County; William ~ Survey, Abstract 344, Braza~ County; T. C. IL IL Co. Survey, Sec4ioe 3, Abstract 678, Brazoria County; T. C. R .R. Co. Survey, Section 4 (John W. Maxby), Abstra~ 675, Brazoria County; Obediah Pins Survey, Abslracl 717. Brazoda C4xmty; FLT. & B. R. R. Co. Survey, Section 80 (J.S. Talmage), Absn'act 564, Brazoria County; H. T. & B. R_ IL Co. Sun/ey, Seaion 81, ~ 3OO, Brazoria County, FL T. & B. R. R. ~:o~ Survey, Section 82 (J. S. Taknage), Abslract 565, liearia ~, H. T. & B. R. R. Co. Suavey, Se~ion 83, Abstract 305 in Brazoria County and Abslract 76 1 in Fort Bend County; S.G. Hayhie Survey, Abstract 212 in Brazoria County, Abstrr4 620 in Fort Bend County and Abseaa 362 in Harris County; Franklin Hooper Survey, Absa'act 198, Fort Bend County, George W. Me, Donald Sun, ey, Abstract 577, Fort Bend County; L C. Stafford Sunvey, AbsU~ 668, Fort Bend County and the H. Levering Survey, Abstracl 279, Fort Bend County, Texas; said 3333 acres, mote or less, being more particularly descnl~ed as follows: BECtINNING at the omnmen north oema- of Lois 3 and 4, Block 10 of lhe ALLISON - RICHEY GULF COAST' HOME CO'S PART OF SUBURBAN GARDENS, SEC.'S 3 & 4, T.C-R.IL SURVEY AND SEC. 82, FL T. & B. IL R. CO. SURVEY & OBt~IAH PITTS SURVEY, · subdivision of record in vohune 2, Page ~9 of the Plat Records of Brazoda Cxmnty, Texas (B.C.P.R.) also being on the comtnen line of l~ aforementioned T.C_R.IL Co. Storey, Section 4 on the so~ right-of-way line of Farm to Market Road 2234, 160 feet wide; ~ EASTERLy, 998 feet, more or less, along said southedy fight*of-way line and its easterly extension, to aPoint for oetner on thewest ihaeofthej. C~:Sureey,~ 174, Brazeria County, Texas; THENCE, SOUTHERLy, 3482 feet, more or less, along the west line of said J. Crawicy Survey to a point for comer on the centerline of Hughes Ranch Road, also being the southwest corner of said J. Crawley Survey; THENCE, EASTE~y. 421 feet. more or less. along the southerly line of said J. CrawIcy Survey and along said cenlerllne of Hughes Ranch Road. to a point for corner on the centerline of State Highway 288: THENCE. SOUTHERLy. 2426 feel more or less. along said centerline of State Highway 288 to a point for comer on the easterly extension ofthe south line ofthat certain called 202.51 acre tracl described in Clerk's File No. 98- 022936, Official Records, Brazoria County, Texas (B. C. O. R.); Page i of 3 3333 Acres November 3. 1998 Job. No. 1545-9803-100 THENCE WESTERLy. 2588 feet, more or less, along sa~l easterly extension and the sonlh line of said 202.5 I acres, to a point for corner on the common line of aforementioned William Morm Sumey and the T.C.R.R. Co. Survey, Section 4, also being on Ihe east line of Block ! 7 of the aforementioned ALL I SON-RICHEY GULF COAST HOME CO'S PART OF SUBURBAN GARDENS; THENCE, SOUTHERLY, 370 f~et, tnore or less, ale~g said common sutvey line ancl the east line ofsaid Biock 17, to m point for corner, samc being the southwest corner of said William Morris Suzvcy and an interior corner of said T.C.R.R. Co. Survey, Section 4; THENCE, SOUTHERLy, 2520feet, more or less, along the east lineof Blocks 17, 18 and 19 and le west line of Blocks 20 aud 21 of said ALLISON-RICHEy GULF COAST HOME CO'S PART OF SUBURBAN' GARDENS, to a point for oorner on the souttgrty line of County Road 92, 40 foot wide, a de4icated road as shown on aforementioned ALLISON-RICHEy GULF COAST HOME CO'S PART OF SUBURBAN GARDENS; THENCE, WESTERLY, 7090 fe~t, more or less, al°ng thesouthedY lineofsaid County Road92, to apoint for cotner on the west line ofafot~autioned lL T. &B.R.R. Co. Sun, ey, Section gO and the east line of the H. T. &B. R. R. Co. Survey, Section 84 (R. B. Lyle), Abstract 538 in Brazoria County and Abstrgt 767 in Fort Be~d County, THENCE, NORTHERLy, 20 feet, meteor less, akmg tho oommou !ino ofsaid H. T. & B. R. R. Co. Survey, Section gO and Secti~n~4~ap~intf~t~rnor~Mtnebein~th~e~mm~nerofsaidH~T~&B~P`~R~Co~urvey~ Section 8O and Sec~on lB and afovnnentioned H. T.&B.R. R-Co-Survey, See6on 82 and Section83; THENCE, WESTERLy, 5280 feet, mete or less, along the common line of said H. T. i B. R. R. Co. Survey, Se~6~n~3andSec6ong4~t~aPoi~fw~ornerontheeast~ineofaf~ti~edFrank~inH~perSun.ey~samebeingthe c<nnmon west eorne~ of said H. T.&B.R.R. Co. Survey, Sec6on 83 and Secfon lB; THENCE, SOUTHERLy, 158 feet, more or less. along the common line of said H. T. & B. R. R. Co. Sun, ev. Secfon 84 and said Franklin Hooper Sun~, ~o a point for cornet, same being the southeast comer of said Franklin Hooper Survey and the northeast corner of the A.B. Langetman Sun, ey. Abstract 555, Fort Bend County. Texas: THENCE. EASTERLy, 2636 feet. more or less. along the common line of said Franklin Hcoper Survey and said A.B. Langerman Survey, to a point for comer on the easterly right-of-way line ofFarm to Market Road 521; THENCE. NORTHEASTERLy. 9667 feel. mote or less. along said easlerly tight-of-way !me. Io a point for comer on the centerline of Clear Creek; Page 2 of 3 3333 Acres November 3. 1998 Job. No. 1545-9803-100 THENCE. NORTHEASTERLy, 1327 feet. more ot less, along the c,t~nlerlmc of Clear Creek to a point for comer on the albr.~ncntioned southerly right-of-way !me of Farm to Market Road 2234; THENCE, SOUTHEASTERLy, 1519 feet. more or less, along said southerly right-of-way line to a point for comer on the Fort Bend and Brazoria County line; TI-tENCE. NORTHEASTERLy, 168 feet, more or less, along said county line, to a point for corner on the northerly right-of-way line of said Faran to Market Road 2234, same being the southwest corner of that certain called 99.6852 acr~ tract, described as Parcel Two, in Volume (88) 619, Page 668 orsaid B.C.O.R., Volume 2093, Page 85 of said, F.B.C.O.R. and Cierk's File No. L979491, Offncial Public Records of Real Property, Harris County, Texas; THENCE, NOR THEASTERL y, 14 i 8 feet, more or less, along the westerly line of said 99.6852 acre tract, to a point for corner, same being the northwest corner of said 99.~6852 acre ~..ct; ' THENCE, EASTERLy, 2040 feet, mote or less, along the northerly line of said 99.6852 acre tract, to a point for corner on the westerly right. of-way line of County Road 48 (60 feet wide); THENCE, SOUTHERLy, 80 feet, tnm~ or less, along said westerly right-of-way line, to a point for comer on the aforementioned centerline of Clear Creek; THENCE,EASTERLY~25~fegt,tn~or~ess~a~g~hecemet~inetneanders~fC~earCreektoap~intfor~tner on the natlgrly line ofaforeanentioned Lot 3, Block I0 of said ALLISON-RICHEy GULF COAST HOME CO'S PART 4 and the Dupuy and Rol~. Survey; C.R. R. Co. Survey, Section THENCE, EASTERLy, 453 feet, nao~ or less, along said north line of Lot 3, Block i0 and said common survey line to the POINT OF BEGINNING and containing 3333 acres of lancL more or less. L/,4 Engineering & Surveying, Inc. Page 3 of 3