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RTIRZ-2010-14 - 2010-06-07
RESOLUTION NO. RTIRZ-2010-14 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE PEARLAND TAX INCREMENT REINVESTMENT ZONE No. 2 (TIRZ No. 2) BOARD OF DIRECTORS, ACCEPTING THE ENGINEERS REPORT ON SCR SCH 5 SITE BE IT RESOLVED BY TIRZ No. 2 BOARD OF DIRECTORS: Section 1. That the Board of Directors for the Pearland Tax Increment Reinvestment Zone No. 2 hereby accepts the Engineering Report on L1=A 10-06- 003, SCR SCH 5 Site. PASSED, APPROVED, and ADOPTED this 7lh day of June, A.D., 2010. NIGEL HARRISON TIRZ No. 2 CHAIRMAN ATT Tj 1 MIKE OYBUR TIRZ No. 2 SECRETARY WA Engineering & Surveying, Inc. F 2929 Briarpark Drive Phone 713.953.5200 Suite 600 Fax 713.953.5026 Houston, Texas 77042-3703 www,ljaengineering.com June 7, 2010 Board of Directors Reinvestment Zone No. City of Pearland, Texas 3519 Liberty Drive Pearland, Texas 77581 2, City of Pearland, Texas Re: Project # 10-06-003, Shadow Creek Ranch SCH-5 Site Reinvestment Zone No. 2, City of Pearland, Texas LJA Project No. 1546-0000 (2.0) Dear Board of Directors: We have determined that the referenced project as proposed is a project included in the adopted TIRZ Project Plan. The budget for the proposed improvements total $3,419,425, which includes the land cost for the Shadow Creek Ranch SCH-5 Site as shown on the attached exhibits. Attached is a budget report that illustrates the remaining balances within the TIRZ budget and shows the proposed budget for the above referenced project. If you have any questions or concerns regarding this matter, please contact our office. Sincerely, James D. Ross, PE Senior Project Manager JDR/dI Attachments Copy: Ms. Lynne B. Humphries — Allen Boone Humphries Robinson LLP Mr. Gary Cook — Shadow Creek Ranch Development Company, L.P. 0 \LANM1546\15460000\TIRZFinance10-06-003.doc 114 Total of TIRZ Projects Total Funds Approved for Total of Available for Reimbursement - Outstanding TIRZ Proposed TIRZ Budget (1999 Actual Costs Projects - Budget Projects (1999 Dollars) (1999 Dollars) (1999 Dollars) Dollars) Discovery Bay Extension to SH 288 Recommended for approval on June TIRZ 7. 2010 Budget % $12,610.050 $14,460,346 $0 ($1,850,296) $400,000 3.17% $1,859,400 $476,591 $0 $1,382,809 $0 0.00% $9,675,350 $16,337,247 $0 ($6,661,897) $100,000 1.03% $735,320 $735,320 $0 $0 $0 0.00% $3,026,863 $1,381,401 $0 $1,645,462 $0 0.00% $6,940,964 $775,938 $0 $6,165,026 $0 0.00% $10,195,776 $4,901,100 $0 $5,294.675 $0 0.00% $29,121,916 $23,675,826 $0 $5,446,090 $0 0.00% $4,597,889 $17,855,700 $81,225 ($13,339,035) $0 0.00% $5,155,524 $1,243,536 $600,000 $3,311,988 $0 0.00% $2,383,545 $5,816,931 $100,000 ($3,533,385) $0 0.00% $20,000 $0 $0 $20,000 $0 0.00% $340,000 $0 $0 $340,000 $0 0.00% $300,000 $65,818 $0 $234,182 $0 0,00% $600,000 $155,284 $0 $444,716 $0 0.00%. $150,000 $0 $0 $150,000 $0 0.00% $100,000 $87,502 $0 $12,498 $0 0.00%. $1,000,000 $783,290 $0 $216,710 $0 0,00% $8,181,116 $377,797 $60,000 $7,743,319 $50,000 0.61%j $11,274,211 $13,130,297 $99,000 ($1,955,086) $82,500 0.73% $108,267,923 $102,259,923 $940,225 $632,500 0.58% $5,067,775 $466,000 $313,079 $0 $152,921 $0 0.00% $900,000 $882,434 $0 $17,566 $0 0.00% $1,366,000 $1,195,513 $0 $0 0.00% $170,487 $5,238,262 $109,633,923 $103,455,436 $940,225 $632,500 0.58 % $2,395,000 $0 $0 $2,395,000 $0 0.00% $105,000 $295,463 $0 ($190,463) $0 0.00% $2,255,000 $0 $0 $2,255,000 $0 0.00% $245,000 $546,133 $0 ($301,133) $0 0.00% $5,000,000 $841,597 $0 $0 0.00% $4,158,403 $41,600,000 $2,100,438 $0 $39,499,562 $0 0.00% $21,450,000 $0 $0 $21,450,000 $0 0,00% $34,050,000 $0 $0 $34,050,000 $0 0.00% $11,000,000 $0 $0 $11,000,000 $0 0.00% Shadow Creek Ranch SCH-4 Shadow Creek Ranch SCH-5 Site Site Recommended for Recommended for approval on June TIRZ approval on June TIRZ 7, 2010 Budget % 7, 2010 Budget Total Funds Available for Future TIRZ Projects (1999 Dollars) $0 0.00% $0 0.00% ($2,250,296) $0 0.00% $0 0.00% $1,382,809 $0 0.00% $0 0,00% ($6,761,897) $0 0.00 % $0 0.00% $0 $0 0.00% $0 0.00% $1,645,462 $0 0.00% $0 0.00% $6,165,026 $0 0.00% $0 0,00% $5,294,675 $0 0.00% $0 0.00% $5,446,090 $0 0.00% $0 0.00% ($13,339,035) $0 0.00% $0 0.00% $3,311,988 $0 0.00% $0 0.00% ($3,533,385) $0 0.00% $0 0.00% $20,000 $0 0.00% $0 0.00% $340,000 $0 0.00% $0 0.00% $234,182 $0 0.00% $0 0.00% $444,716 $0 0.00% $0 0.00% $150,000 $0 0,00% $0 0.00% $12,498 $0 0.00% $0 0.00% $216,710 $0 0.00% $0 0.00% $7,693,319 $0 0.00% $0 0.00% ($2,037,586) $0 0.00% $0 0.00% $4,435,275 $0 0.00% $0 0.00% $152,921 $0 0.00% $0 0.00% $17,566 $0 0,00% $0 0.00% $170,487 $4,605,762 $0 0.00% $0 0.00% $0 0.00% $0 0.00% $2,395,000 $0 0,00% $0 0.00% ($190,463) $0 0.00% $0 0.00% $2,255,000 $0 0.00% $0 0.00% ($301,133) $0 0.00% $0 0.00% $4,158,403 $1,753,316 4.21% $0 0.00% $37,746,246 $0 0.00% $3,419,425 15.94% $18,030,575 $0 0.00% $0 0.00% $34,050,000 $0 0.00% $0 0,00% $11,000,000 BROADWAY DR LEGEND SCHOOL #5 LOCATION SF-82 DS SF-86-B SF- 86 SF-85 SF-83 11 C ) t SF-71 SF-73 �J-74SF-74 SF-75 DS SF-76 SF-77 SF-78 F-8 SF. SF-80