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Ord. 1135 11-24-03PEARLAND THE STATE OF TEXAS T E X A S 1 CERTIFICATION COUNTIES OF BRAZORIA, HARRIS & FORT BEND. I, Young Lorfing, City Secretary of the City of Pearland, Texas, hereby certify that the attached constitutes a true and correct copy of ORDINANCE NO. 1135; duly passed and approved on its Second and Final by the City Council on the 24t" day of November 2003. Witness my hand and seal of the City of Pearland, Texas, this 5' day of March, 2004, at Pearland, Texas. (SEAL) 3519 LIBERTY DRIVE • PEARLAND, TEXAS 77581-5416 • 281-652-1600 • www.ci.pearland.tx.us a) Printed on Recycled Paper ' ORDINANCE NO. 1135 AN ORDINANCE GRANTING THE CONSENT OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, TO THE CREATION OF BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 34 WITHIN THE CITY'S CORPORATE BOUNDARIES. WHEREAS, the City of Pearland, Texas, received a Petition for Consent to the Creation of Municipal Utility District (to be know as Brazoria County Municipal Utility District No. 34) for 477.63 acres located in the City's corporate boundaries, a copy of which petition is attached hereto and incorporated herein as Exhibit "A"; and WHEREAS, Section 54.016 of the Texas Water Code provides that land within a city's corporate boundaries may not be included within a district without the city's written consent; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That the City Council of the City of Pearland, Texas, gives its written consent to the creation of Brazoria County Municipal Utility District No. 34 on 477.63 acres of land, as described in the attached petition and the consent conditions attached thereto. Section 2. That the City Council of the City of Pearland, Texas authorizes and directs the City Manager to execute the Utility Agreement (as defined in the consent conditions attached to the petition attached hereto) on behalf of and as the duly authorized act of the City of Pearland, Texas. PASSED and APPROVED ON FIRST READING this the 10th day of November , A. D., 2003. �GyyiJ TOM REID MAYOR ORDINANCE NO. 1135 ATTEST: NG G SERETAR PASSED and APPROVED ON SECOND AND FINAL READING this the 24th day of November , A. D., 2003. TOM REID MAYOR APPROVED AS TO FORM: DARRIN M. COKER CITY ATTORNEY City of Pearland In -City MUD Application Checklist Proposed Brazoria County Municipal Utility District No. 34 August 27, 2003 Attach this sheet as a cover to the completed information and check each box. 2 Fully completed City of Pearland In -City MUD Data Form. Q Existing Subdivisions Form. Q Proposed Subdivisions Form. Q Existing Non -Residential Business Form. Q Proposed Non -Residential Business Form. Cal Anticipated Future Annexations Form. Q Vicinity map of the entire City on a 24 x 36 sheet clearly showing the location of tracts to be included in the proposed in -city MUD —12 copies. Show the existing and proposed zoning (if different) for each tract. Q Detailed map of each tract (1"=200 scale) — 12 copies, and an AutoCAD drawing file (.DWG) on CD or 3-1/2" floppy disk (Texas State Plane South Central NAD 83). Q Fully completed and signed creation petitions with metes and bounds boundary descriptions for all tracts —12 copies. (N/A) Consent by the City of Pearland for in -city MUD creations and annexations into existing in -city MUDs is not final until the adoption on second reading of the creation/annexation ordinance. The annexation/creation ordinance will only be considered simultaneously with the first and second readings of the zoning ordinance, if required, for the property under consideration. The applicant is advised to examine the schedule requirements for the zoning process to ensure timely consideration of this application. Due to changes in market conditions and other variables, neither the MUD nor the developer(s) guarantee any of the projections or estimates provided in this Application. Developer: CONIFER DEVELOPMENT, LTD., a Texas limited partnership by Conifer Group, GP, LLC Title: rn �n ap c ✓' August 27, 2003 1 2 City of Pearland In -City MUD Data Form Proposed MUD # BCMUD No. 34 Date: August 27, 2003 General Information Existing and Proposed Zoning Classification (also show on map) Projected Date of Completion of All Homes/Businesses Existing Proposed MUD Tract(s) N/A N/A Existing MUD PUD 2011 Proposed Tract(s) Total 3 Total Acreage 0 477.63 477.63 4 Currently Platted Residential Acreage (including road rights of way) 0 0 0 5 Currently Platted Commercial Acreage (including road rights of way) 0 0 0 6 Currently Undeveloped Acreage 0 477.63 477.63 7 Projected Undeveloped Acreage to be Platted Residential 0 386.2 386.2 8 Projected Undeveloped Acreage to be Platted Commercial 0 2.7 2.7 9 Current and Projected Detention & Transmission Utility Easements (acres) 0 73.3 73.3 10 All Other Acreage (Landscaping Reserves, Parks, etc) 0 15.43 15.43 Note: Lines 7 and 8 should total to Line 6. Lines 4, 5, 6, 9, and 10 should total to Line 3. Line 3 should equal the total acreage in the MUD or the Proposed Tracts. Existing MUD Proposed Tracts) Total 11 Total Existing and Planned Residential Lots 0 1,396 1,396 12 Number of Currently Completed/Occupied Homes 0 0 0 13 Number of Currently Completed Lots 0 0 0 14 Number of Lots Under Construction 0 0 0 15 Number of Future Lots 0 1,396 1,396 Note: Lines 12, 13, 14, and 15 should total to Line 11 Property Values Existing MUD Proposed Tract(s) Total 16 Most Recent BCAD Valuation (Date: January 1, 2002) $ - $ 622,840.00 $ 622,840.00 17 Projected Total Valuation at Build Out Date $ - $ 300,000,000.00 $ 300,000,000.00 18 Projected Residential Valuation at Build Out $ - $ 296,500,000.00 $ 296,500,000.00 19 Projected Commercial Valuation at Build Out $ - $ 3,500,000.00 $ 3,500,000.00 20 Estimated Average Home Value (Date: January 1, 2002) $ - NA NA 21 Estimated Average Home Value - at Build Out $ - $ 210,000.00 $ 210,000.00 Note: Lines 18 and 19 should total to Line 17 Property Tax Revenues Existing MUD Proposed Tract(s) Total 22 Pre -Development General Fund Taxes @$.686/$100 (Date Jan. 1, 2001) $ - $ - $ - 23 Most Recent Year City Property Taxes @ $.686/$100 $ - $ 4,273.00 $ 4,273.00 24 Projected City Property Taxes @ $.686/$100 at Build Out $ - $ 2,058,000.00 $ 2,058,000.00 25 Most Recent Year MUD Rebate Amount $ - $ - $ - 26 Projected MUD Rebate Amount of $.15/$100 at Build Out $ - $ - $ - Calculations Existing MUD Proposed Tract(s) Total 27 Approx. Net Density at Build Out- Homes/Acre (Line 11/(3-9)) $ - $ 3.43 $ 3.43 28 Net Annual Revenue to City - Current Estimate (Line 23-25-22) $ - $ 4,273.00 $ 4,273.00 29 Net Annual Revenue to City - Build Out Estimate (Line 24-26-22) $ - $ 2,058,000.00 $ 2,058,000.00 4075 City of Pearland In -City MUD Data Form Proposed MUD # BCMUD No. 34 Date: August 27, 2003 Existing Subdivisions Within Existing MUD Subdivision Name Area (Acres) Projected Lots Percent Complete No Existing Subdivisions NA NA NA 4075 City of Pearland In -City MUD Data Form Proposed MUD # BCMUD No. 34 Date: Auaust 27. 2003 Proposed Subdivisions Within MUD Creation Request Subdivision Name Area (Acres) Projected Lots Percent Complete Southern Trails 386.2 1,396 0 4075 City of Pearland In -City MUD Data Form Proposed MUD # BCMUD No. 34 Date: August 27.2003 Existing Non -Residential Businesses Within Existing MUD Business Name No Existing Non -Residential Businesses Type of Business N/A 4075 City of Pearland In -City MUD Data Form Proposed MUD # BCMUD No. 34 Date: August 27. 2003 Proposed Non -Residential Businesses Within MUD Creation Request Business Name No Proposed Non -Residential Businesses Type of Business N/A 4075 City of Pearland In -City MUD Data Form Proposed MUD # BCMUD No. 34 Date: August 27, 2003 Anticipated Future Annexation Requests General Tract Description No Anticipated Annexations Area (Acres) N/A Projected Lots N/A 4075 Exhibit "A" PETITION FOR CONSENT TO THE CREATION OF A MUNICIPAL UTILITY DISTRICT TO THE HONORABLE MAYOR AND CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: The undersigned (herein the "Petitioners"), acting pursuant to the provisions of Chapters 49 and 54, Texas Water Code, respectfully petition the City Council of the City of Pearland, Texas (the "City Council"), for its written consent to the creation of a municipal utility district and in support thereof would show the following: I. The name of the proposed District shall be BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 34 (the "District"). II. The District shall be created and organized under the terms and provisions of Article XVI, Section 59 of the Constitution of Texas and Chapters 49 and 54, Texas Water Code. The District shall contain an area of 477.63 acres of land, more or less, situated in Brazoria County, Texas. All of the land to be included in the District is within the corporate boundaries of the City of Pearland, Texas (the "City"). All of the land proposed to be included may properly be included in the District. The land proposed to be included within the District consists of the property described by metes and bounds in Exhibit "A" (477.63 acres) which is attached hereto and incorporated herein for all purposes (the "Land"). IV. Conifer Development, LTD., a Texas limited partnership, holds fee simple title to a tract which comprises a portion of the Property (the "Conifer Property"). One Twenty -Nine, Ltd., a Texas limited partnership ("One Twenty -Nine") holds fee simple title to a tract which comprises a portion of the Property (the "One Twenty -Nine Property"). Ben F. Weems ("Weems") and Heart -Eye Land Company ("Heart"), a Colorado corporation hold fee simple title to a tract which comprises a portion of the Property (the "Weems Property"). John B. Briggs and Meredith A. Briggs (the "Briggs"), hold fee simple title to a tract which comprises a portion of the Property (the "Briggs Property"). Conifer Development, LTD., hereby represents that the Conifer Property, Weems Property, the Briggs Property, and the One Twenty -Nine Property, as indicated by the tax rolls of Brazoria County, Texas, constitute a majority in value of the Property which is proposed to be included in the District. V. Conifer Development represents that there are no lienholders on the Conifer Property other than First Community Bank, N.A., and that there are no residents on the Conifer Property. Weems and Heart represent that there are no lienholders on the Weems Property and that there are no residents on the Weems Property. VI. The Briggs represent that there are no lienholders on the Briggs Property and that there are no residents on the Briggs Property. VII. One Twenty -Nine represents that there are no lienholders on the One Twenty -Nine Property and that there are no residents on the One Twenty -Nine Property. VIII. James M. Johnson has entered into earnest money contracts to purchase a portion of the Land and desires to be considered as a Petitioner for the consent to creation of the District. IX. Conifer Development, LTD represents that the general nature of the work to be done by the District at the present time is the purchase, design, construction, acquisition, maintenance and operation of a waterworks and sanitary sewer system for domestic and commercial purposes, and the construction, acquisition, improvement, extension, maintenance and operation of works, improvements, facilities, plants, equipment and appliances helpful or necessary to provide more adequate drainage for the District, and to control, abate and amend local storm waters or other harmful excesses of waters, and such other purchase, construction, acquisition, improvement, maintenance and operation of such additional facilities, systems, plants and enterprises as shall be consonant with all of the purposes for which the District is created. X. There is, for the following reasons, a necessity for the above -described work. The area proposed to be within the District is urban in nature, is within the growing environs of the City of Pearland, Texas, and is in close proximity to populous and developed sections of Brazoria County, Texas. There is not now available within the area, which will be developed for single family residential and commercial uses, an adequate waterworks system, sanitary sewer system, or drainage and storm sewer system. The health and welfare of the present and future inhabitants of the area and of the territories adjacent thereto require the purchase, design, construction, acquisition, ownership, operation, repair, improvement and extension of an adequate waterworks system, sanitary sewer system, and drainage and storm sewer system. A public necessity, therefore, exists for the creation of the District, to provide for the purchase, design, construction, acquisition, ownership, operation, repair, improvement and extension of such waterworks system, sanitary sewer system, and drainage and storm sewer system, to promote the purity and sanitary condition of the State's waters and the public health and welfare of the community. 2737 XI. The Petitioners, by submission of this Petition, request the City's consent to the creation of the District containing the Land under the conditions relating to the creation of districts in general, set forth in Exhibit "J," which is attached hereto and incorporated herein for all purposes. XII. XII. A preliminary investigation has been made to determine the cost of the proposed District's projects, and it is now estimated by Conifer Development, LTD, from such information as they have at this time, that such cost will be approximately $35,650,000. All representations and warranties contained herein, other than as contained in Sections VI, VII, and VIII, are made by Conifer Development, LTD. and not by the other Petitioners. No liens against the Land are intended to be created by this Petition and no liens of any kind may be created against the Land without the written consent of the owners of the Land. WHEREFORE, the Petitioners pray that this petition be heard and that the City Council duly pass and approve an ordinance or resolution granting the consent to the creation of the District and authorizing the inclusion of the land described herein within the District. [EXECUTION PAGE FOLLOWS] 2737 3 ATTEST: BY: N/4' Name: Title: THE STATE OF TEXAS COUNTY OF Wcr/ by This instrument was acknowle §. ed 408 of ray of ONE TWENTYINE, LTD., a Texas (NOTARY SEAL) IRENE G. FIGUEROA Notary Public, State of Texas My Commission Expires DECEMBER 19, 2005 be ore me on the 21'da o S-0 ia limited partnership on behalf of sai ONE TWENTY-NINE, LTD., a Texas limited partnership By:S 4/?) eneral partner BY: %.2 kid Name: g crept- . y Title: Gen 0.-La77% 1 , 2003, eral partner imited partnership. Notary Public, State of Texa 2737 THE STATE OF COUNTY OF § BEN F. WEEMS This instrument was acknowledged before me on the by Ben F. Weems. Commission Expires 11/05/2003 ATTEST: BY: _ Name: F. tioe 2_fl' Title: Pre c tree_-c'tt" THE STATE OFolitetsigt COUNTY OF ` aat., ctyit,,, f day of , / , 2003, U /1' Notary Public, State of L.,, a HEART -EYE LAND COMPANY, a Colorado Corporation By: Name: ?p". GO-eeo-iZ Title: P ; .vu Th', instrument was acknowledged before me on the day of , 2003, by �." _nisih., of ,,,4- 5 , F, ,, , a corporation aiid general partner of Hear a.�: e�► y., a Colorado corporation, on behalf of said corporation. 2737 Notary Public, State of Cvtcracie) t.y Commission Expires 11/05/2003 THE STATE OF T XAS COUNTY OF JOHN B. BRIGGS i ,,_,13 4, ), This instrument was acknowledged before me on th o/ day o � CC��ix= %1 , 2003, by John B. Briggs. ''`� ` K. ELISE JOHNSTON MY COMMISSION EXPIRES Ma y 1, 2007 MEREDITH A. BRIGGS THE STATE OF TE AS COUNTY OF , This instrument was acknowledged before me on th' day o by Meredith A. Briggs. (NOTARY SEAL) f""• •4 K. ELISE JOHNSTON T ii MY COMMISSION EXPIRES May 1, 2007 Not State of Texas 2737 JAMES M. JOHNSON (Earnest Money Contract Holder) By: Name: THE STATE OF TEXAS COUNTY OF br eit� This instrument was acknowledged before me on the -5. day of i-cmf , 2003, by James M. Johnson. (N CINDY JO ACREE NOTARY PUBLIC STATE OF TEXAS Comm. Exp. 11-03.2006 Notary ,fitate of Texas Pub 2737 RESPECTFULLY SUBMITTED this 28th day of August, 2003. CONIFER DEVELOPMENT, LTD., a Texas limited partnership by Conifer Group, GP, LLC By: \ Name: rt.' s 0,1 Title: 124.0e ATTEST: By: N/A" Name: Title: THE STATE OF TEXAS COUNTY OF.5 This instrument was acknowled ed before me on the 2$'4,day of vSfi , 2003, by .St eS �o1,.�s vv, , f v. J Y%.PN.A.—La."—+�W1-L,.,— of Conifer Group, GP, LLC, a limited liability corporation and general partner of CONIFER DEVELOPMENT, LTD., a Texas limited partnership, on behalf of said limited partnership. (NOTARY SEAL) l0 o<4PY �6, MARGARET K. KLINEBERG` 0, * (� * NOTARY PUBLIC, STATE OF TEXAS tl a� /\ r MY COMMISSION EXPIRES �111111 'TFOFt�+ OCT. 3, 2005 Mo--‘0,—.0_1— 1A. ktwita.. Notary Public, State of Texas 2737 Exhibit "A" (Metes and Bounds Description of the Property) 2737 SOUTHERN PINES PUD EXHIBIT "A" JULY 24, 2003 477.63 ACRES JOB NO. TER04-5T DESCRIPTION OF A 477.63ACRE TRACT OF LAND SITUATED IN THE H.T. & B. RR COMPANY SURVEY, SECTION 80, ABSTRACT 564 AND THE H.T. & B. RR COMPANY SURVEY, SECTION 84, ABSTRACT 538 CITY OF PEARLAND, BRAZORIA COUNTY, TEXAS BEING a 497.71 acre tract of land situated in the H.T. & B. RR Co. Survey, Section 80, Abstract 564 and the H.T. & B. RR Co. Survey, Section 80, Abstract 538, City of Pearland, Brazoria County, Texas; being all of a called 120.134 acre tract of land described in a deed recorded Volume (90)820, Page 217, Volume (91)866, Page 357 and Volume (92)994, Page172 all of the Brazoria County Deed Records, and Lots 1 through 8, 11 through 18, 20 through 26, 28 through 31, the west 1/2 of Lot 33, Lots 34, 37, 38, 44, 45, 52 through 55 and 8.11 acres of Lot 56 of the Allison -Richey Gulf Coast Home Company subdivision recorded in Volume 2, Page 98 of the Brazoria County Map Records; said 497.71 acre tract of land being more particularly described as follows: BEGINNING at 5/8-inch iron rod found at the northwest corner of said called 120.134 acre tract being the common corner of a tract of land recorded in Volume (90)814, Page 189 of the Brazoria County Deed Records, a tract of land described in a deed recorded under Brazoria County Clerk's File Number 99- 016180 and a tract of land described in a deed recorded under Brazoria County Clerk's File Number 99- 016813 for the northwest corner of the herein described tract; THENCE N 86°44'02" E, a distance of 2640.22 feet to the intersection of County Roads 92 and 48 being the northeast corner of said called 120.134 acre tract for a corner of the herein described tract from which a found RR spike bears N 86°45' 10" E, 7.70 feet and a found 1/2-inch iron rod bears S 86°31'02" W, 29.70 feet; THENCE S 03° 11'26" E, a distance of 4.56 feet with the centerline of said County Road 48 (based on original 40' width) to a point for corner from which a found 1/2-inch iron rod bears S 60°00' 12" E, 35.94 feet; THENCE N 86°42'41" E, a distance of 1760.97 feet with the centerline of said County Road 92 (based on original 40' width) and the north line of said Section 80 to a point for corner; THENCE S 03°17'19" E, at 20.05 feet pass a found 1/2-inch iron rod, continuing on a total distance of 495.00 feet to a 1/2-inch iron rod and a 3/4-inch iron pipe found for a corner; THENCE N 86°42'41" E, a distance of 1760.00 feet to a found 3/4-inch iron pipe for corner from which a found 1/2-inch iron rod bears S 10°15'47" E, 2.68 feet; THENCE N 03°17'19" W, at a distance of 475.00 feet pass a found 1/2-iron pipe, continuing a total distance of 495.00 feet to a point in the centerline of said County Road 92 (based on original 40' width) for corner from which a 1/2-inch iron rod bears S 01°43'26" E, 52.45 feet; THENCE N 86°42'41" E, a distance of 880.00 feet with the centerline of said County Road 92 (based on original 40' width) to a point for comer from which a found 1/2-inch iron pipe bears S 00°49'00" W, 19.79 feet and a found 2-inch iron pipe bears S 01°50'06" E, 48.21 feet; THENCE S 03°17'19" E, a distance of 993.60 feet to a 2-inch iron pipe found for corner; SOUTHERN PINES PUD 477.63 ACRES JUNE 24, 2003 PAGE 2 OF 4 THENCE S 86°42'41"W, a distance of 440.00 feet to a point for corner from which a found 5/8-inch iron rod bears West, 0.58 feet; THENCE S 03°17'19" E, a distance of 495.00 feet to a point for corner from which a found 5/8-inch iron rod bears West, 0.47 feet; THENCE S 86°42'41" W. a distance of 440.00 feet to a 1/2-inch iron pipe found for corner; THENCE S 03°17'19" E, a distance of 1155.00 feet to a 1/2-inch iron rod with a cap stamped "Gormly 1918" found for corner; THENCE S 86°42'41" W. a distance of 880.00 feet to a 1/2-inch iron rod with a cap stamped "Gormly 1918" found for corner; THENCE S 03°17'19" E, a distance of 495.00 feet to a point for corner; THENCE N 86°42'41" E. a distance of 440.00 feet to a point for corner; THENCE S 03°17'19" E, a distance of 495.00 feet to a point for corner; THENCE N 86°42'41" E. a distance of 1320.00 feet to point for corner from which a 1/2-inch iron rod with a cap stamped "Gormly 1918" bears N 05°13'28" E, 1.12 feet; THENCE N 03°17'19" W, a distance of 990.00 feet to a point for corner from which a 5/8-inch iron rod bears N 03 ° 17' 19" W, 0.95 feet; THENCE N 86°42'41" E, a distance of 880.00 feet to a point for corner from which a found a 1/2-inch iron rod with a cap stamped "Gormly 1918" bears N 13°12'20" W, 1.22 feet and a found 5/8-inch iron rod bears N 15°42'41" W, 1.34 feet; THENCE S 03°17'19" E, a distance of 1980.00 feet to a point for corner from which a found 1/2-inch iron pipe bears N 02° 22'32" E, 1.82 feet; THENCE S 86°42'41" W, a distance of 335.59 feet to a point for corner from which a found 3/4-inch iron pipe bears N 07°31'57" E, 1.79 feet; THENCE S 03°17'19" E, a distance of 649.00 feet to a point in the centerline of County Road 59 (based on original 40' width) from which a found 3/4-inch iron pipe bears N 01 ° 45' 50" W, 21.56 feet; THENCE S 86°42'41" W, a distance of 544.41 feet to a point in the centerline of County Road 59 (based on original 40' width) from which a found 1/2-inch iron pipe bears N 02°04'04" W, 21.38 feet; THENCE N 03°17'19" W, a distance of 649.00 feet to a point for corner from which a found 1/2-inch iron pipe and a 3/4-inch iron pipe bear N 07°04' 14" E, 1.49 feet; THENCE S 86°42'41" W, a distance of 880.00 feet to a point for corner from which a 1/2-inch iron rod with a cap stamped "Gormly 1918" bears N 22°04'06" E, 0.99 feet; C:\Documents and Settings\srobinson\Local Settings\Temporary Internet Files\OLKIAB\477 Legal.doc SOUTHERN PINES PUD 477.63 ACRES JUNE 24, 2003 PAGE 3 OF 4 THENCE N 03°17'19" W, a distance of 671.80 feet to a 1-inch iron pipe found for corner; THENCE S 86°42'41" W, a distance of 3524.72 feet to a point in the centerline of said County Road 48 (based on original 40' width) from which a found 3/4-inch iron pipe bears N 87°42'35" E, 28.47 feet; THENCE N 03° 13' 13" W, a distance of 2638.86 feet with the centerline of said County Road 48 (based on original 40' width) to a point from which a found 3/4-inch iron pipe with cap stamped "S. Adams 3666" bears S 87°06'43" W, 31.63 feet; THENCE S 86°50'11" W, a distance of 1316.75 feet to a point for corner from which a found 3/4-inch iron pipe bears S 12°34' 15" E, 5.57 feet and a found 3/4-inch iron pipe bears N 40°37'46" W, 49.20 feet; THENCE S 03°07'48" E, a distance of 1320.57 feet to a 1 1/2-inch iron pipe found for corner from which a found 1/2-inch iron rod bears S 18°37'20" W, 6.28 feet; THENCE S 86°33'32" W, a distance of 1322.77 feet to a 1/2-inch iron rod found for corner; THENCE N 03°12'41" W, a distance of 2639.75 feet to the POINT OF BEGINNING and containing 497.71 acres of land. SAVE & EXCEPT THE FOLLOWING 20.08 ACRE TRACT OF LAND: Being a 20.08 tract of land situated in the H.T. & B. RR CO. Survey, Section 80, City of Pearland, Brazoria County, Texas, being all of Lots 1 and 2 of the Allison -Richey Gulf Coast Home Company subdivision recorded in Volume 2, Page 98 of the Brazoria County Map Records and as described in a deed recorded in Volume 543, Page 307 and Volume 1072, Page 926, of the Brazoria County Deed Records, said 20.08 acre tract of land being more particularly described as follows: BEGINNING at a point for the northwest corner of Abstract 564, at the intersection of County Road 48 and County Road 92 and also being the northwest corner of Lot 1 of said Allison -Richey Gulf Coast Home Company subdivision; THENCE N 86°42'41" E, a distance of 880.00 feet with the north line of said Lot 1 to a point at the common north corner of Lots 1 and 11 of said subdivision for the northeast corner of the herein described tract; THENCE S 03°17' 19" E, a distance of 993.60 feet with the common line of said Lots 1 and 11 and Lots 2 and 12 to a point for the common corner of said Lot 2 and 12 and Lots 13 and 3 of said subdivision from which a found 3/4-inch iron rod bears S 43°36' 10" W, 0.61 feet; THENCE S 86°42'41" W, a distance of 881.19 feet with the common line of said Lot 2 and Lot 3 to a point in the center line of said County Road 48 (original 40 foot width) being the common west corner of said Lots 2 and 3 for the southwest corner of the herein described tract; THENCE N 03°13' 13" W, a distance of 993.60 feet with the center line of said County Road 48 (original 40.00 foot width) and the west line of said Lots 2 and 1, to the PLACE OF BEGINNING and containing 20.08 acres of land. C:\Documents and Settings\srobinson\Local Settings\Temporary Internet Files\OLK1AB\477 Legal.doc SOUTHERN PINES PUD 477.63 ACRES JUNE 24, 2003 PAGE 4 OF 4 In conclusion, the herein described 497.71acre tract, less the 20.08 acres save & except tract comprises a TOTAL ACREAGE of 477.63 ACRES. Bearing orientation is based on monumentation found on the west line of a called 120.134 acre tract of land described in a deed recorded in Volume (90)820, Page 217 of the Brazoria County Deed Records. This metes and bounds description was prepared under 22 Texas Annotated Code # 663.21 and reflects the results of a survey completed on the ground, and the assembly of instruments of record to describe the political boundary limits of the Harris County Municipal Utility District No. 157; and is not to be used to convey or establish interests in real property except those rights and interest implied or established by the creation or reconfiguration of the boundary of the political subdivision for which is was prepared. C:\Documents and Settings\srobinson\Local Settings\Temporary Internet Files\OLK1AB\477 Legal.doc THE STATE OF TEXAS COUNTY OF BRAZORIA I, the Secretary of the City of Pearland, Texas, do hereby certify that a signed copy of the Petition for Creation of Brazoria County Municipal Utility District No. 34 has been filed in my office. WITNESS MY HAND AND THE SEAL OF THE CITY, this day , 2003. City Secretary City of Pearland, Texas (SEAL) 2737 EXHIBIT "B" (a) The City of Pearland, Texas (the "City"), by execution of its City Manager, and the developer on behalf of the District shall enter into and execute a utility agreement, in substantially the form attached hereto as Exhibit "B-1," to specify the terms and conditions for providing water and sewage treatment services to the District (the "Utility Agreement"). Upon the District's creation and confirmation, the District shall assume all the rights, obligations, and interests of the developers under the Utility Agreement, as set forth therein. (b) The District may issue bonds, including refunding bonds, for any purposes authorized by law, including but not limited to, purchasing, refinancing, designing and constructing, or otherwise acquiring waterworks systems, sanitary sewer systems, storm sewer systems, and drainage facilities, or parts of such systems or facilities, and to make any and all necessary purchases, constructions, improvements, extensions, additions, and repairs thereto, and to purchase or acquire all necessary land, right-of-way, easements, sites, equipment, buildings, plants, structures, and facilities therefore, and to operate and maintain same, and to sell water, sanitary sewer, and other services 'within or without the boundaries of the District. Such bonds must provide that the District reserves the right to redeem said bonds on any date subsequent to the fifteenth (15th) anniversary of the date of issuance (or any earlier date at the discretion of the District) without premium, and none of such bonds, other than refunding bonds, will be sold for less than 95% of par, provided that the net effective interest rate on bonds so sold, taking into account any discount or premium as well as the interest rate borne by such bonds, will not exceed two percent (2%) above the highest average interest rate reported by the Daily Bond Buyer in its weekly "20 Bond Index" during the one -month period next preceding the date of the sale of such bonds. The resolution authorizing the issuance of the District's bonds will contain a provision that the pledge of any revenues from the operation of the District's water and sewer and/or drainage system to the payment of the District's bonds will terminate when and if the City annexes the District, takes over the assets of the District, and assumes all of the obligations of the District. (c) Before the commencement of any construction within the District, its directors, officers, or developers and landowners will submit to the City, or to its designated representative, all plans and specifications for the construction of water, sanitary sewer and drainage facilities to serve the District and obtain the approval of such plans and specifications therefrom. All water wells, water meters, flushing valves, valves, pipes, and appurtenances thereto, installed or used within the District, will conform to the specifications of the City. All water service lines and sewer service lines, lift stations, and appurtenances thereto, installed or used within the District will comply with the City's standard plans and specifications as amended from time to time. Prior to the construction of such facilities within or by the District, the District or its engineer will give written notice by registered or certified mail to the City, stating the date that such construction will be commenced. The construction of the District's water, sanitary sewer, and drainage facilities will be in accordance with the approved plans and specifications and with applicable standards and specifications of the City, and during the progress of the construction and installation of such facilities, the City may make periodic on -the - ground inspections. (d) Prior to the sale of any lot or parcel of land, the owner or the developer of the land included within the limits of the District will obtain the approval of the Planning and Zoning Commission of the City of a plat which will be duly recorded in the Official Records of Brazoria County, Texas, and otherwise comply with the rules and regulations of the Engineering Department and the Department of Public Works of the City of Pearland. 2737 Exhibit "B-1" UTILITY AGREEMENT This UTILITY AGREEMENT (the "Agreement), is made and entered into as of the day of , 2003, by and between the CITY OF PEARLAND, TEXAS, a municipal corporation and home -rule city of the State of Texas (the "City"), and CONIFER DEVELOPMENT, LTD., a Texas limited partnership, (the "Developer"), on behalf of proposed BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 34, to be created as a body politic and corporate and a governmental agency of the State of Texas organized under the provisions of Article XVI, Section 59 of the Texas Constitution (the "District"). RECITALS The District is in the process of being created within the City's corporate limits for the purposes of, among other matters, providing water distribution, wastewater collection, and drainage facilities to serve development occurring within and near the District inside the City limits. Under the authority of Texas Local Government Code Section 402.014, as amended, the City and the District may enter into an agreement under the terms of which (i) the District will acquire for the benefit of and conveyance to the City the water distribution, wastewater collection, and drainage facilities needed to serve lands being developed within and near the boundaries of the District and (ii) in order to enhance the economic feasibility of the District and more equitably distribute among the taxpayers of the City and the District the burden of ad valorem taxes to be levied from time to time by the City and the District, the City will make annual tax and monthly water and sewer revenue rebate payments to the District in consideration of the District's financing, acquisition, and construction of such facilities. The City and the Developer, on behalf of the District have determined that they are authorized by the Constitution and laws of the State of Texas to enter into this Agreement and have further determined that the terms, provisions, and conditions hereof are mutually fair and advantageous to each. AGREEMENT For and in consideration of these premises and of the mutual promises, obligations, covenants, and benefits herein contained, the City, the Developer and the District contract and agree as follows: ARTICLE I DEFINITIONS The capitalized terms and phrases used in this Agreement shall have the meanings as follows: "Annual Payment" means the annual payment to be made by the City to the District, as defined in Section 6.01 hereof. 4035 "Approved Plans" means plans and specifications approved in accordance with Section 2.01. "Approving Bodies" means any or all of the following entities, as appropriate in a particular context: the City; Brazoria County, Texas, the TCEQ; the Attorney General of Texas; the Comptroller of Public Accounts of Texas; the United States Department of Justice; and all other federal, state, and local governmental authorities having regulatory jurisdiction and authority over the financing of the Facilities, the construction of the Facilities, or the subject matter of this Agreement. "Bonds" means the District's bonds, notes, or other evidences of indebtedness issued from time to time for the purpose of purchasing, constructing, acquiring, operating, repairing, improving, or extending the Facilities, payment of Connection Charges, and for such other purposes permitted or provided by state law, whether payable from ad valorem taxes, the proceeds of one or more future bond issues, or otherwise, and including any bonds, notes, or similar obligations issued to refund such bonds. "City" means the City of Pearland, Texas, a municipal corporation and home -rule city of the State of Texas. "City Manager" means the City Manager of the City or the City Manager's designee. "Connection Charge" means the amount to be paid to the City for water and wastewater capacity for each improvement within the District at the time of connection of the improvement to the Facilities, as defined in Section 5.04. "Consent Ordinance" means the ordinance or resolution to be adopted by the City evidencing the City's consent to the inclusion of land within the District in accordance with Texas Local Government Code Section 42.042 and Texas Water Code Section 54.016, each as amended. "Construction Costs" means costs associated with any particular construction project under the terms of this Agreement, including, but not limited to, costs of construction, acquisition, and installation; engineering fees and expenses; costs of advertising; costs of acquiring necessary licenses, permits, waste control orders, discharge permits or amendments thereto; fiscal, legal, and administrative costs; material -testing costs; site, easement, and permit costs; and all other costs and expenses directly relating to the foregoing, together with an amount for contingencies or estimated Construction Costs of not more than fifteen percent (15%) of the foregoing, provided that no contingency amount shall be included in "Construction Costs" regarding a particular construction project once that project is complete. "Developer" means Conifer Development, Ltd., a Texas limited partnership. "District" means Brazoria County Municipal Utility District No. 34, a body politic and corporate and a governmental agency of the State of Texas organized under the provisions of Article XVI, Section 59 of the Texas Constitution. The term "District" shall be construed to include both Developer and the District, as it is the intention of the parties to this Agreement that 4035 2 all rights, benefits, and obligations pursuant to this Agreement shall ultimately be assigned by the Developer to the District upon its creation. "District Assets" means (i) all rights, title, and interests of the District in and to the Facilities, (ii) any Bonds of the District which are authorized but have not been issued by the District, (iii) all rights and powers of the District under any agreements or commitments with any persons or entities pertaining to the financing, construction, or operation of all or any portion of the Facilities and/or the operations of the District, (iv) all cash and investments, and amounts owed to the District, and (v) all books, records, files, documents, permits, funds, and other materials or property of the District. "District Engineer" means Brown & Gay Engineering, Inc. or such other engineering firm as the District may engage from time to time. "District Obligations" means (i) all outstanding Bonds of the District, (ii) all other debts, liabilities, and obligations of the District to or for the benefit of any persons or entities relating to the financing, construction, or operation of all or any portion of the Facilities or the operations of the District, and (iii) all functions performed and services rendered by the District for and to the owners of property within the District and the customers of the services provided from the Facilities. "Financing and Reimbursement Agreement" means the District's agreement, if any, as defined in Section 3.04. "Facilities" means and includes the water distribution, wastewater collection, and drainage systems constructed or acquired or to be constructed or acquired by the District to serve lands within and near its boundaries, and all improvements, appurtenances, additions, extensions, enlargements, or betterments thereto, including any pro rata interest or share in such facilities, together with all contract rights, permits, licenses, properties, rights -of -way, easements, sites, and other interests related thereto. "Monthly Revenue Payments" means the monthly payments to be made by the City to the District, as defined in Section 6.04 hereof. "Oversized Facilities" means water, sewer, and/or drainage facilities sized to serve areas outside the District or constructed to serve areas outside the District, as defined in Section 2.04. "Payment Date" means the date each year when the Annual Payments are due, as defined in Section 6.02. "TCEQ" means the Texas Commission on Environmental Quality, or any successor or successors exercising any of its duties and functions related to water conservation and reclamation districts. 4035 3 ARTICLE II DESIGN AND CONSTRUCTION OF THE FACILITIES 2.01. Design. The Facilities shall be designed by the District Engineer in accordance with sound engineering principles and in compliance with all applicable requirements of the Approving Bodies. The plans and specifications for the Facilities shall be subject to review and approval by the City, the District, and the Approving Bodies with jurisdiction (the "Approved Plans"). The District shall not make any changes to the Approved Plans without the approval of the City. The City shall not require that the Facilities be designed to requirements more stringent than the City's requirements applicable to the design of similar facilities outside the District but within the City's jurisdiction. The District shall design the Facilities in such phases or stages as the District and/or Developer from time to time, in their sole discretion, may determine to be necessary and economically feasible. 2.02. Construction. When the District or the Developer determines, in their sole discretion, that it is necessary and economically feasible to construct the Facilities, the District or the Developer shall proceed to award a construction contract for the Facilities based upon the Approved Plans. The Facilities shall be installed, construction contracts shall be awarded, and payment and performance bonds obtained all in accordance with the general law for municipal utility districts and in full compliance with the applicable requirements of the Approving Bodies. In addition to any other construction contract provisions, any construction contract for the Facilities shall include the contractor's two (2) year warranty of work performed under the contract. The District or Developer (whoever is the owner of the contract) shall submit all change orders to the City for its records. The District or Developer (whoever is the owner of the contract) shall file all required documents with the TCEQ. 4035 4 2.03. Acceptance of Facilities. Upon completion of the Facilities, the District or Developer (whoever is the owner of the contract) shall order the District's Engineer to certify that the Facilities have been completed in substantial compliance with the Approved Plans; the District or Developer (whoever is the owner of the contract) shall certify that all bills and sums of money due in connection with the construction and installation of the Facilities have been fully paid and that the Facilities are free of any and all liens and claims, all according to the certification of the construction contractor. The District or Developer (whoever is the owner of the contract) shall require the District's Engineer to provide three (3) copies of construction drawings of the Facilities to the District. The District or the Developer (whoever is the owner of the contract) shall accept the construction of the Facilities in writing from the construction contractor. The District or Developer (whoever is the owner of the contract) shall then convey the Facilities to the City in accordance with the City's procedure for acceptance of such facilities in areas outside the District and within the City and the provisions of Article IV below. 2.04. Oversized Facilities. In conjunction with the design and construction of the Facilities, as described in this Article II, the City may determine from time to time that certain Facilities should be sized to serve areas outside the District, as well as areas within the District, or the City and the District may determine that the District should construct certain water, sewer, and/or drainage facilities outside the District to serve areas outside the District (in either case, facilities sized or constructed to serve areas outside the District shall be referred to in this Agreement as the "Oversized Facilities"). Subject to the terms and conditions of this Section 2.04, the District hereby agrees that, in conjunction with the design and construction of the Facilities as set out in this Agreement, the District shall cooperate with the City to include the Oversized Facilities as required by the City. The City, in turn, hereby agrees that as between the District and the City, the City shall fund its share of the Construction Costs of the Oversized Facilities. In order to carry out the design and construction of Oversized Facilities, the City and the District agree to enter into a Development Agreement for the oversizing of such facilities. If the Oversized Facilities are designed and constructed by the District as part of the design and construction of Facilities (collectively, the Oversized Facilities and the Facilities, the "Project"), the Construction Costs of the Oversized Facilities shall be determined in accordance with TCEQ rules and regulations so that Project Construction Costs will be shared by the City and the District on the basis of benefits received, which are generally the design capacities in the Project for the City and the District respectively. ARTICLE III FINANCING OF THE FACILITIES 3.01. Authority of District to Issue Bonds. The District shall have authority to issue, sell, and deliver Bonds from time to time, as deemed necessary and appropriate by the Board of Directors of the District, for the purposes, in such forms and manner, and as permitted or provided by federal law, the general laws of the State of Texas, and the Consent Ordinance. The District shall not be authorized to sell Bonds until it has provided the City with an executed copy of the TCEQ order approving each bond issue in which the TCEQ concludes that a District debt service tax rate of $1.50 or less per $100 of assessed valuation is feasible in accordance with the TCEQ's rules in effect at the time of such determination. The District's obligation to provide a copy of the TCEQ order including such conclusion shall not be construed as a limitation on the 4035 5 District's authority to levy an unlimited tax rate, it being understood and acknowledged that the District's bonds shall be payable from and secured by a pledge of the proceeds of an ad valorem tax, without legal limitation as to rate or amount. The District shall provide the City with copies of the Official Statement and the District's resolution authorizing the issuance of the Bonds for each issue prior to the delivery of the Bonds to the initial purchaser. 3.02. Distribution of Bond Proceeds. The proceeds of Bonds issued by the District shall be used and may be invested or reinvested, from time to time, as provided in the order or orders of the District authorizing the issuance, sale, and delivery of such Bonds and in accordance with the federal, state, and local laws and regulations governing the proceeds of the District's sale of its Bonds. 3.03. Bonds as Obligation of District. Unless and until the City shall dissolve the District and assume the District Assets and District Obligations, the Bonds of the District, as to both principal and interest, shall be and remain obligations solely of the District and shall never be deemed or construed to be obligations or indebtedness of the City; provided, however, that nothing herein shall limit or restrict the District's ability to pledge or assign all or any portion of the Annual Payments or Monthly Revenue Payments, to be made by the City to the District as provided in this Agreement, to the payment of the principal of, the redemption premium, if any, or interest on the Bonds or other contractual obligations of the District relating to the financing, acquisition, or use of the Facilities. 3.04. Financing by Third Parties. From time to time, the District may enter into one or more agreements (the "Financing and Reimbursement Agreement") with the Developer or other landowners of property located within the District whereby the Developer or such landowners will construct the Facilities on behalf of the District or advance funds to or on behalf of the District for the acquisition and construction of the Facilities. The construction of any Facilities financed under the terms of a Financing and Reimbursement Agreement shall be subject to all the terms and conditions of this Agreement. Each Financing and Reimbursement Agreement will provide for the District's reimbursement of the person or entity advancing funds for the Facilities (i) from the proceeds of the District's sale of its Bonds, subject to all the terms and conditions of such Financing and Reimbursement Agreement, including, among other conditions, the approval of the TCEQ of the sale of the Bonds and the use of sale proceeds for such purpose; (ii) from District funds lawfully available for such purpose. 4035 6 ARTICLE IV OWNERSHIP, OPERATION, AND MAINTENANCE OF FACILITIES 4.01. Conveyance of Facilities. As the Facilities are constructed and accepted in accordance with Article II and the Facilities are conveyed to the City, a security interest shall be reserved for the purpose of securing the performance of the City under this Agreement. At such time as the Bonds issued to acquire and construct the Facilities have been discharged, the District shall execute a release of such security interest, and the City shall own the Facilities free and clear of such security interest. When the Facilities are conveyed to the City under this Article IV, the construction contractor's two (2) year warranty of its work shall be assigned to the City, as required under Section 2.02 above. 4.02. City Acceptance . As the Facilities are constructed and completed, representatives of the City shall inspect the same and, if the City finds that the Facilities have been completed in substantial compliance with the approved plans and specifications, the City will accept the conveyance of the Facilities, and the Facilities so conveyed shall be operated. maintained, and repaired by the City at its sole expense as provided in this Agreement. The City shall accept ownership of the Facilities under this Section 4.02 in accordance with the City's procedure for acceptance of such facilities in areas outside the District and within the City. If the Facilities have not been completed in substantial compliance with the approved plans and specifications, the City will immediately advise in what manner the Facilities do not comply so that the problems may immediately be corrected; whereupon the City shall again inspect the Facilities and accept the same if the non -complying items have been corrected. In conjunction with the City's acceptance of the Facilities, the City shall be provided with one (1) set of the construction drawings for such Facilities. 4.03. Operation of the Facilities by the City. Upon the acceptance of the Facilities by the City, the City will operate the Facilities and provide services from the Facilities to users within the District without discrimination. The City shall at all times maintain the Facilities, or cause the same to be maintained, in good condition and working order and will operate the same, or cause the same to be operated, in an efficient and economical manner at a reasonable cost and in accordance with sound business principles, and the City will comply with all the terms and conditions of this Agreement and with all applicable federal, state, and local laws and regulations. (a) The City shall provide competent, trained personnel, licensed or certified as necessary by the appropriate regulatory authority, to operate, inspect, maintain, and repair the Facilities. The City shall inventory and maintain a listing of all of the equipment comprising the Facilities as required to provide relevant information for the scheduled maintenance and repair or replacement of the equipment comprising the Facilities. The City shall implement a scheduled maintenance program for the Facilities and shall ensure that the Facilities are maintained in the same fashion and with the same frequency as similar facilities owned and operated by the City to serve areas outside the District. (b) The City shall maintain all customer information and records necessary to provide monthly billings to customers served by the Facilities. The City shall coordinate with the 4035 7 District's consultants, such as attorneys, engineers, auditors, tax assessors, and financial advisors as necessary to maintain efficient operation of the Facilities. The City shall respond to inquiries or correspondence from governmental or regulatory authorities and the District's directors, customers, or consultants. (c) The City shall provide a monthly written report to the District indicating the total number of service connections within the District. If requested by the District, the City may provide a City representative to attend a District meeting to discuss any operating and maintenance information regarding the Facilities. 4.04. Rates and Conditions of Service. The connection of improvements to the Facilities shall be made by the City, in the same manner, by the same procedures, and for the same charges as the City makes other water and wastewater connections. Water and wastewater customers within the District shall pay rates and charges for such services to the City, on the same basis and conditions as the City provides such services to similar City customers who do not receive services from the Facilities; provided, however, in addition to the rates and charges imposed by the City on its water and wastewater customers outside the District, the City shall impose on and collect from each customer of the Facilities within the District a monthly surcharge of five dollars ($5.00) per equivalent single family residential connection. The equivalent number of single family residences attributable to any particular connection shall be computed in accordance with the service unit factors set forth in Exhibit "A" as such factors may be amended from time to time by the City in its sole discretion, provided that the City shall always apply the same service unit factors within the District as it applies to other areas within the City. The City shall bill and collect charges from the customers of the Facilities, calculated in accordance with this Section 4.04, in the same manner and under the same procedures as it bills and collects from other customers of the City that are not served by the Facilities. 4.05. Repair of the Facilities. After its acceptance of the Facilities, the City shall provide all personnel and equipment necessary to perform repairs on, and shall bear sole cost responsibility for repair of, the Facilities, including, but not limited to, service line leaks, leaks at water meters, water main breaks, repairs to valves and fire hydrants, manhole repairs, and sewer line repair and cleaning, as needed. The City shall not, however, bear cost or responsibility for initial repair of any equipment or facilities identified by the City as in need of correction prior to the City's acceptance of the Facilities under Section 4.02 above. The cost of all materials and supplies used to operate, maintain, and repair the Facilities shall be borne solely by the City. 4035 8 ARTICLE V CITY PLANT CAPACITY AND FINANCING 5.01. Water Supply and Distribution Facilities. The City shall provide the District with its ultimate requirements for water supply and distribution capacities. The number and location of the points of connection between the City's water distribution system and the Facilities shall be mutually agreed upon by the District and the City Manager. The City acknowledges its obligation to provide water supply and distribution capacities for the actual requirements of the development within the District's boundaries. Any water supply and distribution capacities so required by the District shall be reserved and allocated by the City exclusively to serve the property within the District and the City shall not use such capacities to serve any other property. The City shall at all times manage the capacities in its water supply and distribution facilities so that capacity to serve development within the District is available at the time such improvements are to be connected to the Facilities. The City's obligation shall specifically include the obligation to expand, enlarge, and modify its water supply and distribution facilities and to secure all necessary approvals of the Approving Bodies as necessary to have capacity available to serve new improvements within the District. To enable the City to effectively manage its water system capacities in compliance with the City's obligation under this Section 5.01, the District shall provide to the City, by December 31 of each year during the term of this Agreement, a written projection of the new improvements within the District expected to be connected to the Facilities within the coming year, and such other related information as the City may reasonably require. 5.02. Wastewater Collection and Treatment Facilities. The City shall provide the District with its ultimate requirements for wastewater collection and treatment capacities. The number and location of the points of connection between the City's wastewater collection system and the Facilities shall be mutually agreed upon by the District and the Director. The City acknowledges its obligation to provide wastewater collection and treatment capacities for the actual requirements of the development within the District's boundaries. Any wastewater collection and treatment capacities so required by the District shall be reserved and allocated by the City exclusively to serve the property within the District and the City shall not use such capacities to serve any other property. The City shall at all times manage the capacities in its wastewater collection and treatment facilities so that capacity to serve development within the District is available at the time such improvements are to be connected to the Facilities. The City's obligation shall specifically include the obligation to expand, enlarge, and modify its wastewater collection and treatment facilities and to secure all necessary approvals of the Approving Bodies as necessary to have capacity available to serve new improvements within the District. To enable the City to effectively manage its wastewater system capacities in compliance with the City's obligation under this Section 5.02, the District shall provide the City no less than annually a written projection of the new improvements within the District expected to be connected to the Facilities within the coming year, and such other related information as the City may reasonably require. 5.03. Letter of Capacity Assurance: Assignability. The City agrees that the City Manager shall, upon reasonable request from the District, issue a letter of assurance to the owner of platted property within the District confirming water and wastewater utility availability for 4035 9 such platted property, based upon the standard City criteria published by the City regarding the calculation of water and wastewater requirements for various types of improvements. 5.04 Financing City Water and Wastewater Capacities. In consideration of the City's provision of water supply and distribution capacity and wastewater collection and treatment capacity, the District agrees to pay to the City the then effective impact or capital recovery fee per equivalent single-family residential connection to the Facilities (the "Connection Charge"). Equivalent single-family residential connections shall be computed in accordance with the service unit factors as set forth in Exhibit "A," as such factors may be amended from time to time by the City in its sole discretion, provided that the City shall always apply the same service unit factors within the District as it applies to other areas within the City. The Connection Charge shall be paid to the City by or on behalf of the District before the connection of each particular improvement to the Facilities at the same time and manner as such fees are paid for improvements in other areas of the City outside the District. The City shall not allow connection of any improvement to the Facilities for which the appropriate Connection Charge has not been paid. The City may amend the Connection Charge from time to time in accordance with the requirements of state law; provided, however, the Connection Charge shall be the same as the connection charge required outside the District and within the City limits. The District acknowledges and agrees that, besides the Connection Charge, any new connection to the Facilities will be subject to the fees, charges, and costs routinely collected by the City in regards to any new connection to the City's utilities whether inside or outside the District. ARTICLE VI ANNUAL PAYMENTS, MONTHLY REVENUE PAYMENTS, AND DISTRICT TAXES 6.01. Calculation of Annual Payment. (a) In consideration of the development of the land within the District and the related increase in the taxable value of such land to the City through the acquisition of and construction of the Facilities by the District and in order to enhance the economic feasibility of the District and more equitably distribute among the taxpayers of the City and the District the burden of ad valorem taxes to be levied from time to time by the City and the District, the City agrees to collect and pay to the District a portion of the ad valorem taxes collected by the City in future years on the land and improvements within the District (the "Annual Payment"). The Annual Payment shall be a payment of a portion of the City's tax revenues actually collected and received by the City, exclusive of any interest and penalties paid by the taxpayer to the City and exclusive of any collection costs incurred by the City. All Annual Payments received by the District from the City shall be deposited by the District into a debt service fund of the District and shall be applied solely to the payment of the Bonds and other debts, liabilities, and obligations of the District to or for the benefit of any persons or entities relating to the financing, construction, and acquisition of all or any portion of the Facilities. (b) The initial Annual Payment shall be at a rate of $0.15 per $100 of assessed valuation. 10 (c) The Annual Payment shall be incrementally reduced upon the occurrence of the following: (i) The Developer and all developers within the District have been fully reimbursed, with interest, in accordance with the rules of the TCEQ; (ii) The District has completely financed and constructed 100% of its Facilities; and (iii) The District levies a debt service tax at a rate that is less than $0.80 per $100 of assessed valuation. (d) Once all the conditions of subsection (c) have been met, the Annual Payment shall be reduced by an amount equal to the decrease in the District debt service tax rate. For example, if the Board of Directors of the District sets a debt service tax rate of $0.79 per $100 of assessed valuation (a decrease of $0.01), the Annual Payment will be reduced by $0.01 to $0.14 per $100 of assessed valuation. The Annual Payment will be recalculated annually, and will continue to be reduced to the extent that the District debt service tax rate is decreased. For example, if the Board of Directors of the District sets a debt service tax rate of $0.70 per $100 of assessed valuation (an aggregate decrease of $0.10), the Annual Payment would be $0.05 per $100 of assessed valuation. Once the Annual Payment is reduced, it shall not thereafter be increased, and any increase in the District debt service tax rate does not affect the calculation of the Annual Payment. (e) If the District Tax Rate decreases to the rate of $0.65 per $100 of assessed valuation, the City is thereafter relieved of any obligation to make Annual Payments pursuant to this Agreement. Any subsequent increase in the District debt service tax rate does not obligate the City to again make Annual Payments. 6.02. Payment of Annual Payment. The Annual Payment shall begin on May 1 in the calendar year following the calendar year for which the District initially receives a tax roll from the appropriate county Appraisal District and shall be payable each May 1 thereafter (the "Payment Date"), with each such Annual Payment being applicable to the calendar year preceding the calendar year of each such May 1 (e.g., if the District receives a tax roll for the calendar year 2004, the Annual Payment for such year will be due May 1, 2005). Each Annual Payment that is not paid on or before the Payment Date shall be delinquent and shall incur interest at the rate of one percent (1%) of the amount of the Annual Payment per month, for each month or portion thereof during which the Annual Payment remains unpaid. On September 1 of each calendar year, the City shall cause to be paid to the District those portions of the Annual Payment which reflect collections made by the City subsequent to the Payment Date. The obligation of the City to make Annual Payments to the District shall terminate upon the termination of this Agreement in accordance with Section 9.14 below. 6.03. Supplemental Tax Rolls; Correction Tax Rolls; Adjustment to Annual Payment. The parties recognize and acknowledge that, from time to time, the County Appraisal District may submit to the District one or more supplemental tax rolls and/or correction tax rolls and that each such supplemental tax roll and/or correction tax roll may affect the total value of taxable properties within the District for a particular year and therefore the Annual Payment due and payable by the City for such year. The District agrees that promptly upon receiving a 4035 11 supplemental tax roll and/or correction tax roll, the District shall deliver such supplemental tax roll and/or correction tax roll to the City. Promptly upon receiving a supplemental tax roll and/or collection tax roll from the District, the City shall recalculate the amount of the Annual Payment pertaining thereto and shall notify the District of the amount of such recalculated Annual Payment. Within forty-five (45) days from the date on which the District receives notice of a recalculated Annual Payment, the City shall pay to the District the amount, if any, by which the recalculated Annual Payment exceeds the amount of the Annual Payment previously paid by the City to the District for the year in question, or the District shall pay to the City the amount, if any, by which the recalculated Annual Payment is less than the amount of the Annual Payment previously paid; provided, however, that if such amount in either instance is less than $1,000.00, rather than payment within such 45 days, the next Annual Payment shall be adjusted accordingly. 6.04. Payment of Monthly Revenue Payments. In addition to the Annual Payment, the City shall make a payment each month to the District ("Monthly Revenue Payment") equal to $5.00 per equivalent single-family connection located within the District; equivalent single-family connections shall be computed in accordance with the service unit factors as set forth in Exhibit "A," attached to this Agreement and incorporated for all purposes, as such factors may be amended from time to time by the City in its sole discretion, provided that the City shall always apply the same service unit factors within the District as it applies to other areas within the City. The Monthly Revenue Payment shall be paid by the City to the District within thirty (30) days of the last day of the month for which the Monthly Revenue Payment applies (the "Due Date"). Each Monthly Revenue Payment that is not paid on or before the Due Date shall be delinquent. If the City fails or refuses to pay a delinquent Monthly Revenue Payment for a period in excess of sixty (60) days from the receipt of written notice from the District regarding same, then each Monthly Revenue Payment included in such notice shall incur interest at the rate of one per cent (1%) of the amount of the Monthly Revenue Payment per month, for each month or portion thereof during which a Monthly Revenue Payment remains unpaid upon expiration of such sixty (60) day period. The obligation of the City to make Monthly Revenue Payments shall terminate upon the termination of this Agreement in accordance with Section 9.14 hereof. The City and the District acknowledge and agree that the District is dependent upon the Monthly Revenue Payments in order that development within the District may be competitive with development in surrounding areas. 6.05. Access to Records for Verifying Calculation of Annual and Monthly Revenue Payments. The City shall maintain proper books, records, and accounts; shall provide the District with an accounting together with each Annual and/or Monthly Revenue Payment, and shall afford the District or its designated representatives reasonable access to its books, records, and accounts for purposes of verifying the amounts of each Annual Payment and/or Monthly Revenue Payment or recalculated Annual Payment and/or Monthly Revenue Payment which is or becomes due and payable by the City hereunder. The District shall maintain proper books, records, and accounts of all Bonds and the District's debt service requirements and shall afford the City or its designated representatives reasonable access thereto for purpose of verifying the amounts of Annual and/or Monthly Revenue Payments relative to the District's debt service requirements and general operating requirements. 6.06. District Taxes. The District is authorized to assess, levy, and collect ad valorem taxes upon all taxable properties within the District to provide for (i) the payment in full of the 4035 12 District Obligations, including principal, redemption premium, if any, or interest on the Bonds and to establish and maintain any interest and sinking fund, debt service fund, or reserve fund and (ii) for maintenance purposes, all in accordance with applicable law. The parties agree that nothing herein shall be deemed or construed to prohibit, limit, restrict, or otherwise inhibit the District's authority to levy ad valorem taxes as the Board of Directors of the District from time to time in its sole discretion may determine to be necessary. The City and the District recognize and agree that all ad valorem tax receipts and revenues collected by the District, together with all Annual Payments and Monthly Revenue Rebate Payments shall become the property of the District and may be applied by the District to the payment of all proper debts, obligations, costs, and expenses of the District and may be pledged or assigned to the payment of all or any designated portion of the principal or redemption premium, if any, or interest on the Bonds or otherwise in accordance with applicable law. Each party to this Agreement agrees to notify the other party as soon as is reasonably possible in the event it is ever made a party to or initiates a lawsuit for unpaid taxes. 6.07. Pledge of Payments. The parties acknowledge and agree that the District may pledge the Annual Payments, the Monthly Revenue Payments, and/or any portion of either in connection with the District's issuance of its Bonds. ARTICLE VII DISSOLUTION OF THE DISTRICT 7.01. Dissolution of District. The City and District recognize and agree that the City may, pursuant to the procedures and provisions and subject to the limitations set forth in the general laws of the State of Texas including, but not limited to, Section 43.074, Texas Local Government Code, abolish and dissolve the District and assume the District Assets and District Obligations upon a vote of not less than two-thirds (2/3) of the entire membership of the City Council to adopt an ordinance to such effect, if the City Council finds: (a) that the District is no longer needed, (b) that the services and functions performed by the District can be served and performed by the City, and (c) that it would be in the best interests of the citizens and property within the District and the City that the District be abolished. In order to ensure that the property owners and inhabitants of the City and the District are afforded sufficient time and opportunity to realize the benefits and public utility to be derived from the creation and operation of the District and the financing, construction and implementation of the plan of improvements for the District, and in order to contribute to the financial stability and feasibility of the District by ensuring a sufficient longevity of the District's existence to permit the District to reach a satisfactory level of financial maturity, the City agrees that the District shall not be abolished until such time as the District is fully developed and has sold all Bonds necessary to finance the costs of the Facilities and has reimbursed developers and landowners within the District in accordance with the Financing and Reimbursement Agreements previously entered into by the District. 7.02. Transition upon Dissolution. In the event all required findings and procedures for the dissolution of the District have been duly, properly, and finally made and satisfied by the City, and unless otherwise mutually agreed by the City and the District pursuant to then existing law, the District agrees that its officers, agents, and representatives shall be directed to cooperate with the City in any and all respects reasonably necessary to facilitate the dissolution of the 403.5 13 District and the transfer of the District Assets to and the assumption of the District Obligations by the City. ARTICLE VIII REMEDIES IN EVENT OF DEFAULT The parties hereto expressly recognize and acknowledge that a breach of this Agreement by either party may cause damage to the non -breaching party for which there will not be an adequate remedy at law. Accordingly, in addition to all the rights and remedies provided by the laws of the State of Texas, in the event of a breach hereof by either party, the other party shall be entitled to the equitable remedy of specific performance. ARTICLE IX MISCELLANEOUS PROVISIONS 9.01. Permits, Fees, Inspections. The District understands and agrees that all City ordinances and codes, including applicable permits, fees, and inspections, shall be of full force and effect within its boundaries the same as to other areas within the City's corporate limits. 9.02. Force Majeure. In the event either party is rendered unable, wholly or in part, by force majeure to carry out any of its obligations under this Agreement, except the obligation to pay amounts owed or required to be paid pursuant to the terms of this Agreement, then the obligations of such party, to the extent affected by such force majeure and to the extent that due diligence is being used to resume performance at the earliest practicable time, shall be suspended during the continuance of any inability so caused to the extent provided but for no longer period. As soon as reasonably possible after the occurrence of the force majeure relied upon, the party whose contractual obligations are affected thereby shall give notice and full particulars of such force majeure to the other party. Such cause, as far as possible, shall be remedied with all reasonable diligence. The term "force majeure," as used herein, shall include without limitation of the generality thereof, acts of God, strikes, lockouts, or other industrial disturbances, acts of the public enemy, orders of any kind of the government of the United States or the State of Texas or any civil or military authority, insurrections, riots, epidemics, landslides, lightning, earth -quakes, fires, hurricanes, storms, floods, washouts, drought, arrests, restraint of government, civil disturbances, explosions, breakage or accidents to machinery, pipelines or canals, partial or entire failure of water supply resulting in an inability to provide water necessary for operation of the water and wastewater systems hereunder, and any other inabilities of any party, whether similar to those enumerated or otherwise, which are not within the control of the party claiming such inability, which such party could not have avoided by the exercise of due diligence and care. 9.03. Approvals and Consents. Approvals or consents required or permitted to be given under this Agreement shall be evidenced by an ordinance, resolution or order adopted by the governing body of the appropriate party or by a certificate executed by a person, firm or entity previously authorized to give such approval or consent on behalf of the party. Approvals and consents shall be effective without regard to whether given before or after the time required for giving such approvals or consents. 4035 14 9.04. Address and Notice. Any notice to be given under this Agreement shall be given in writing, addressed to the party to be notified as set forth below, and may be given either by depositing the notice in the United States mail postage prepaid, registered or certified mail, with return receipt requested; by messenger delivery; or by telefacsimile. Notice deposited by mail shall be effective three (3) days after posting. Notice given in any other manner shall be effective upon receipt by the party to be notified. For purposes of notice, the addresses of the parties shall be as follows: If to the City, to: City of Pearland Attn: City Manager 3519 Liberty Dr. Pearland, Texas 77581 Telefacsimile No. 341-485-7992 If to the District, to: Brazoria County Municipal Utility District No. 34 c/o Allen Boone Humphries LLP 3200 Southwest Freeway, Suite 2600 Houston, Texas 77027 Attn: Stephen M. Robinson Telefacsimile No. 713-860-6672 If to the Developer, to: Conifer Development, Ltd. Attn: James Johnson Alliance Commercial Investments Inc. 900 Apollo Lane, Suite C Houston, Texas 77058 The parties shall have the right from time to time to change their respective addressees by giving at least fifteen (15) days' written notice of such change to the other party. 9.05. Assignability. This Agreement shall be assignable by the Developer; provided, however, that it is assigned to another developer within the District. Furthermore, upon the creation and confirmation of the District, the District's written assumption of the Agreement, in the form attached to this Agreement, and incorporated for all purposes, as Exhibit "B," duly delivered to the City, in accordance with the provisions of Section 9.05, shall effectively convey all the rights and obligations of the "Developer" under this Agreement to the District and the Developer shall no longer have any rights or obligations under this Agreement. Other than such unique assignment from the Developer to the District or to another developer within the District, this Agreement shall not be assignable by either party. 4035 15 9.06. No Additional Waiver Implied. The failure of either party to insist upon performance of any provision of this Agreement shall not be construed as a waiver of the future performance of such provision by the other party. 9.07. Reservation of Rights. All rights, powers, privileges and authority of the parties hereto not restricted or affected by the express terms and provisions hereof are reserved by the parties and, from time to time, may be exercised and enforced by the parties. 9.08. Parties in Interest. This Agreement shall be for the sole and exclusive benefit of the parties hereto and shall not be construed to confer any rights upon any third parties. 9.09. Merger. This Agreement embodies the entire understanding between the parties and there are no representations, warranties, or agreements between the parties covering the subject matter of this Agreement other than the Consent Ordinance between the City and the District. If any provisions of the Consent Ordinance appear to be inconsistent or in conflict with the provisions of this Agreement, then the provisions contained in this Agreement shall be interpreted in a way which is consistent with the Consent Ordinance. 9.10. Modification: Exhibit. This Agreement shall be subject to change or modification only with the mutual written consent of the City and the District. The exhibit attached to this Agreement is incorporated by this reference for all purposes. 9.11. Captions. The captions of each section of this Agreement are inserted solely for convenience and shall never be given effect in construing the duties, obligations or liabilities of the parties hereto or any provisions hereof, or in ascertaining the intent of either party, with respect to the provisions hereof. 9.12. Interpretations. This Agreement and the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein and to sustain the validity of this Agreement. 9.13. Severability. If any provision of this Agreement or the application thereof to any person or circumstances is ever judicially declared invalid, such provision shall be deemed severed from this Agreement and the remaining portions of this Agreement shall remain in effect. 9.14. Term and Effect. This Agreement shall remain in effect until the earlier to occur of (i) the dissolution of the District by the City or (ii) the expiration of forty (40) years from the date hereof. Further, this Agreement shall automatically terminate in the event that the TCEQ does not adopt an order creating the District on or before December 31, 2003. [EXECUTION PAGES FOLLOW] 4035 16 IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiple copies, each of equal dignity, as of the date first given above. THE CITY OF PEARLAND, TEXAS By: ATTEST: City Manager By: City Secretary (SEAL) APPROVED AS TO FORM: By: City Attorney 4035 17 RESPECTFULLY SUBMITTED this day of , 2003. ATTEST: CONIFER DEVELOPMENT, LTD., a Texas limited partnership by Conifer Group, GP, LLC By: Name: Title: By: Name: Title: THE STATE OF TEXAS COUNTY OF This instrument was acknowledged before me on the day of 2003, by , of Conifer Group, GP, LLC, a limited liability corporation and general partner of CONIFER DEVELOPMENT, LTD., a Texas limited partnership, on behalf of said limited partnership (NOTARY SEAL) Notary Public, State of 4035 -18- EXHIBIT "B" ASSUMPTION OF AGREEMENT Brazoria County Municipal Utility District No. 34, a conservation and reclamation district created under the authority of Article XVI, Section 59 of the Texas Constitution by the Texas Commission on Environmental Quality to provide water supply, sanitary sewer, and drainage facilities to serve the area within its boundaries (the "District"), has assumed, and by these presents does assume, the terms of the Utility Agreement (the "Agreement"), dated , 2003, a copy of which is attached and incorporated into this document for all purposes. Specifically, the District has accepted and does accept all the rights, title, interest, obligations, liabilities, and responsibilities of the "District" as defined in the Agreement and the Developer, as defined in the Agreement, shall have no further rights, title, interest, obligations, liabilities, or responsibilities under the Agreement. All notices to the District pursuant to the Contract shall be addressed to: Brazoria County Municipal Utility District No. 34 c/o Allen Boone Humphries LLP 3200 Southwest Freeway, Suite 2600 Houston, Texas 77027 Attn: Stephen M. Robinson EXECUTED AND DELIVERED ON ATTEST: By: (SEAL) BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 34 By: Secretary, Board of Directors President, Board of Directors 4035 -19-