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R2003-0135 09-29-03RESOLUTION NO. R2003-135 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO ENTER INTO A PAYMENT IN LIEU OF TAXES AGREEMENT WITH 288- 10, LTD. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That certain Payment in Lieu of Taxes Agreement by and between the City of Pearland and 288-10, Ltd., 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 a Payment in Lieu of Taxes Agreement with 288-10, Ltd. PASSED, APPROVED and ADOPTED this the 29th day of September , A.D., 2003. TOM REID MAYOR ATTEST: Y~'L~NG L~I,N~G/ ,~' // I~ 8E~RETARY t/ APPROVED AS TO FORM: DARRIN M. COKER CITY ATTORNEY Exhibit "A" ResoLution R2003-135 Payment in Lieu of Taxes A~reement This Payment in Lieu of Texas Agreement ("Agreement") is made and entered into effective as of September 29 , 20 0__~ by and between the City of Pearland, Texas, a municipal corporation and home-rule city of the State of Texas ("City"), and 288-10, Ltd., a Texas Limited Partnership ("Carter"). RECITALS WHEREAS, Carter owns a 9.9811 acre tract of land and has contracted to purchase the adjacentl 1.14 acre tract, both of which are more accurately described in Exhibits "A" & "B" attached hereto (the "Property"), located within the boundaries of the City; and WHEREAS, Carter has petitioned the City, requesting disannexation of the Property, for the purpose of including it within the boundaries of Brazoria County Municipal Utility District No. 6; and WHEREAS, the City in return for its agreement to disannex the Property, desires to negotiate an annual "Payment in Lieu of Taxes Agreement" to offset the revenue lost to the City through a reduction in the Property tax that would otherwise be received. NOW, THEREFORE, the City and Carter hereby agree as follows: Section 1. City agrees to initiate the disannexation procedure for the Property. Once disannexed, the boundaries of the City will be adjusted accordingly. Section 2. For the two (2) calendar years following the calendar year in which the Property is disannexed by the City, Carter agrees to make a "Payment in Lieu of Taxes", to the City, that is equal to one-fourth (1/4) the amount of taxes the City would have received if the Property were in the City on January 1 of said calendar year. Said amount shall be calculated by multiplying the then current assessed value of the Property, as determined by the Brazoria County Appraisal District annually, times the City's property tax rate and dividing the product by four (4). Section 3. Following the two (2) years described in Section 2 of this Agreement, Carter agrees to make a "Payment in Lieu of Taxes", to the City in each subsequent calendar year, that is equal to one-half (1/2) of the amount of taxes the City would have received if the Property were in the City on January 1 of said calendar year. The method of calculation of the payment shall be made in the same manner as the calculation formula used in Section 2 of this Agreement, except the product derived from multiplying the Property value times the then current tax rate shall be divided by two (2). Section 4. Any amount payable to the City as a "Payment in Lieu of Taxes" for any calendar year shall be due on November 1 st said year. If Carter fails to make payment to the City by December 31 of said year, in accordance with this Agreement, the amounts due to the City shall accrue interest after December 31 of said calendar year at a rate of 1% per month. Section 5. All obligations of Carter set forth in this Agreement are contingent upon the final approval, by the City Council of the City of Pearland, of an ordinance disannexing the Property. Section 6. This Agreement may only be amended, modified, or supplemented by written agreement and signed by all of parties. Section 7. No assignment by a party hereto of any rights under or interests in the Agreement will be binding on another party hereto until written notice of assignment is given to such other party. Section 8. Whenever possible, each provision of the Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is prohibitive or invalid under applicable law, such provision shall be ineffective to the extent of such provision or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. Section 9. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of Texas. Section 10. This Agreement and all obligations created hereunder shall be performable in Brazoria County, Texas. Section 11. City Resolution No. R2003- 135 is incorporated herein and made a part of this Agreement for all purposes. Section 12. All conditions and covenants of this Agreement are hereby declared to be covenants running with the land and shall be fully binding upon all persons acquiring any interest in the Property described herein, whether by descent, demise, purchase, gift or otherwise. Section 13. In the event the Property is disannexed by the City and any portion of the Property is subsequently annexed by the City, this Agreement shall immediately terminate, except that Carter shall be required to make its final "Payment in Lieu of Taxes" hereunder for the calendar year in which such annexation occurs; provided, however, if the annexation occurs on January 1 of said year, no "Payment in Lieu of Taxes" shall be due for said year; however, Carter will be obligated to pay taxes on the annexed property for said calendar year. IN WITNESS WHEREOF, the parties hereto have each caused this Agreement to be executed by their duly authorized officers attested as of the date first above written. EXECUTED as of the date first written above. CITY OF PEARLAND, TEXAS By: ~ Bill Eisen City Manager 288-10, Ltd., A Texas limited partnership Co-General Partner FIELD NOTES All that certain tract or parcel of land lying, being and situated in the County State of Texas, and being all of Lot 59, in Section No. 81, H.T. & B.R.R. Co. Survey, Abstract No. 300, as shown by the Allison-Richey Gulf Coast Home Company's Subdivision of said Section, called 10 acres, found 9.9811 acres of land, and being described by metes and bounds as follows: EXHIBIT A BEGINNING at a point for the Northeast comer of said Lot 59, being South 4125.00 feet from the Northeast comer of said Section No. 81, which is also the Southwest comer of Section Nos. 3 & 4, T. C. R. R. Co. Survey and the Southeast comer of Section No. 62 H. T. & B. R. R. Co. Survey; THENCE South 89 deg. 56 min. 00 sec. West (called West), 880.50 feet (called 880 feet) to a concrete monument found in the East fight-of-way line of State Highway 288 for comer; THENCE South 00 deg. 17 min. 24 sec. East (called South), along said East fight-of-way line 493.98 feet (called 495 feet) to a 5/8 inch iron rod found for comer; THENCE North 90 deg. 00 min. 00 sec. East (called East), at a distance of 858.00 feet pass a 1 inch iron pipe found on the East right-of-way line of said County Road 94, in all a total distance of 878.00 feet (called 880 feet) to a point for comer; THENCE North 00 deg. 00 min. 00 sec West (called North), along the East line of said Lot 59, a distance of 495.00 feet to the PLACE OF BEGINNING, containing within these metes and bounds 9.9811 acres of land, more or less, 0.2273 acres of which is within the right-of-way of County Road 94. STEVEN H. STAFFORD R.P.L.S. 4901 August 12, 2002 Lot 58 I0 AC~ V ~3, 7 / P. 2<i :5 -~- = 4' Wire Fence ~° ..q, CO' I 7'24 495.C0 '.~. ~_ ~, Lot 59 -Vacant- · 9.981 I Acres X ~~~%'"~" 49.5.98' Lot 60 STATE H W Y,- 288 BUYER Ennis M. C~oley County Road 94 DESCRIBED PROPERTY All that certain tract or parcel of land lying, being and situated in the County of Brazoria, State of Texas, and being all of Lot 59, in section No. 81, H.T.&B.R.R. Co. Survey, Abstract No. 300, as shown by the Allison Richey Gulf Coast Home Company's Subdivision of said Section, called 10 acres, found 9.9811 acres of land, and being described by metes and bounds as attached. WESTAR LAND SURVEYORS, INC. P, O, BOX 669 · ~LVlN, ~ 77512-~ //~ ...... '...~ .... u~: __ __ .~~~ ~,... ~ . . ~.. EXHIBIT LEGAL DESCRIPTION BEING 11.1418 ACRES (485,357 SQUARE FEET) OUT OF LOT 60 OF ALLISON RICHEY' SUBDIVISION IN SECTION 81 OF THE H.T.&:B. RAILROAD SURVEY, ABSTRACT NO.500, A SUBDIVISION IN BRAZORIA COUNTY, TEXAS. SAVE AND EXCEPT THAT PORTION OF THE SUBJECT PROPERTY CONVEYED TO THE STATE OF TEXAS FOR STATE HIGHWAY 288 SET OUT IN DEED RECORDED IN VOLUME 1041, PAGE 460 OF THE DEED RECORDS OF BRAZORIA COUNTY, TEXAS. SAID 11.1418 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF THE HEREIN DESCRIBED TRACT IN THE EAST RIGHT-OF-WAY LINE OF STATE HIGHWAY 288 BEING IN A EASTERLY LINE OF THAT CERTAIN CALLED 1`3:357 'ACRE TRACT CONVEYED TO THE STATE OF TEXAS AS RECORDED IN VOLUME 1041, PAGE'460 OF THE DEED RECORDS OF BRAZORIA COUNTY, TEXAS; AND ALSO BEING THE SOUTHWEST CORNER OF THAT CERTAIN CALLED 9.9811 ACRE TRACT OUT OF LOT 59 RECORDED IN FILE NO. 02-062047 OF THE BRAZORIA COUNTY DEED RECORDS; FROM WHICH A 1 INCH IRON PIPE BEARS NORTH 29 DEGREES 04 MINUTES WEST, 0.6 FEET; THENCE NORTH 86 DEGREES 44 MINUTES 56 SECONDS EAST, ALONG THE COMMON LINE OF SAID LOTS 59 AND 60, A DISTANCE OF 858.00 FEET TO THE NORTHEAST CORNER IN THE WEST RIGHT-OF-WAY LINE OF COUNTY ROAD 94 (80 FEET WIDE); THENCE SOUTH 03 DEGREES 15 MINUTES 04 SECONDS EAST, ALONG THE WEST-:LINE 'OF SAID COUNTY ROAD 94, A .DISTANCE OF 6`32.28. FEET TO THE SOUTHEAST CORNER'-IN'THE NORTH R GHT-OF-WAY UNE OF ~COUNTY ROAD' 59, FROM " :WHICH ': A" FOUND ' EES'" 1'5' MINUTES WEST,. ROD BEARS NORTH OS,:DEG~ . ' ' .OF.~WA.¥~.LINE; OF :COU~¢~;'_.AfDISTANCE -OF 258.00 ,FE~ TO A 5 SET. FOR CORNER; 'BEING;'~THETSOUTHEAST CORNER OF SAID 1,3.337 ACRE' THENCE ,~.ONG THE NORTHERLY,' AND EASTERLY LINE oF SAID" i-~3'13`37 ACRE TRACT WITH THE' FOLLOWING 5 COURSES; NORTH:. 03. DEGREES .15 .MINUTES 04 SECONDS WEST, 40.00 FEET TO A FOUND CONCRETE -MONUMENT; SOUTH..86 'DEGREES 44 MINUTES 56 SECONDS WEST, 200.00 FEET TO A FOUND CONCRETE MONUMENT; NORTH 71 DEGREES-26 MINUTES 59 SECONDS WEST, 380.81 FEET TO A FOUND CONCRETE MONUMENT; NORTH 37 DEGREES 21 MINUTES 01 SECONDS WEST, 82.81 FEET TO A FOUND CONCRETE MONUMENT; NORTH 0,3 DEGREES 15 MINUTES 04 SECONDS WEST, ,382.28 FEET TO THE POINT OF BEGINNING AND' CONTAINING 11.1418 ACRES (485,~7 SQUARE FEET) OF LAND. S 05'15'04" WOODBEND SECTION 2. VOLUME 20, PG. 32.9, B.C.M.R. F'ND. CONC. $82,28' JOSEPH M. SCHWARTZ MICHAEL O. PAGE PETER T. HARDING ABRAHAM 1. RUSINSKY MARTHA T. BERSOM HOWARD M. COHEN PATRICIA M. DANIELS LAURA C. DAVIS SPENCER W. CREED CHRISTOPHER O. JORDAN SCHWARTZ, PAGE & HARDING, L L P. ATTORNEYS AT LAW 1300 POST OAK BOULEVARD SUITE 1400 HOUSTON, TEXAS 77056 City of Pearland 3519 Liberty Drive Pearland, Texas 77588 August 12, 2003 TELEPHONE (7 131 623-453 1 TELECOPIER (7 1 3J 623-8 143 Re: Brazoria County Municipal Utility District No. 6 Ladies and Gentlemen: Please be advised that the Board of Directors of the referenced District has approved a report from Jones & Carter, Inc. relative to the feasibility of annexing at Mr. Ken Carter s request, approximately twenty-one acres along County Road 94. The Board has authorized Schwartz, Page & Harding, L L P. to proceed with the preparation of an agreement for annexation, subject, among other matters relating to the District, to the deannexation of such tract by the City of Pearland. Should you have any questions or require any additional information regarding the above, please do not hesitate to contact me. Very truly yours, SCHW''" PAGE & 'RDING, L L P. By cf:00061CORR/Pearland cc: Mr. Kenneth Carter er T. Ha ding A.torneys for the District KENNETH P CARTER 4545 POST OAK PLACE DR SUITE 225 HOUSTON TEXAS 77027 MR DARRIN COKER CITY ATTORNEY CITY OF PEARLAND 3519 LIBERTY DR PEARLAND TEXAS 77581 August 18, 2003 Re: 9.98 acres and 11.14 acres of contiguous property located at the NEC of SH 288 and Co Rd 59, Pearland Texas Dear Mr Coker, Per our meeting Thursday at your offices, I am desirous of proceeding further and entering into a disannexation agreement with the City of Pearland on the above described property. As we discussed, the water, sanitary sewer, and storm drainage needed for development of the property is not currently available from the City of Pearland. Those utilities can be attained from Brazoria County MUD #6 who currently has excess capacity that can be allocated to these properties and whose boundary line is across Co Rd 94 from the subject property. The Board of MUD #6 has agreed to annex and provide services to the property provided, among other things, that the City of Pearland disannex the tracts. I am aware that the City will lose a certain amount of advalorem taxes upon disannexation. However, a document much like the draft form ' Payment in Lieu of Taxes Agreement" can be used as the basis of our agreement. I have included a marked up copy for the 9.9811 acre tract styled 288-10 Ltd of which I am a co -general partner with Ennis Cooley. The 11.14 acre tract is currently owned by the Hampton Robinson Estate and is under contract to me as Trustee and will close in November of this year. I have not formed a legal entity or name that will be the acquiring entity but know that they will be different. Therefore each tract will have a separate agreement albeit the terms and conditions will be identical. Further as we discussed, I am aware that any agreement between us has to be approved by City Council before it is finalized I have enclosed a survey and legal description of each along with the current ownerships for your review. I appreciate your efforts in this matter and look forward to moving this project through the system as soon as possible. Sincerely, y enneth P Carter i cc* Mr Ennis Cooley cc: Mrs Louise F. Robinson