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Ord. 1314 2006-11-13ORDINANCE NO. 1314 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AMENDING THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR REINVESTMENT ZONE NUMBER TWO, CITY OF PEARLAND, TEXAS (THIRD AMENDMENT); AUTHORIZING THE CITY SECRETARY TO DISTRIBUTE SUCH PLANS; CONTAINING FINDINGS AND PROVISIONS RELATED TO THE FOREGOING SUBJECTS; AND PROVIDING FOR SEVERABILITY. WHEREAS, the City of Pearland, Texas (the "City"), pursuant to the provisions of Chapter 311, Texas Tax Code, created Reinvestment Zone Number Two, City of Pearland, Texas (the "Zone"), for the purposes of redevelopment of the area of the City within the Zone; and WHEREAS, the City approved and adopted the Project Plan and Reinvestment Zone Financing Plan (the "Plans") for the Zone on August 23, 1999, by Ordinance No. 918; and WHEREAS, the City approved and adopted a First Amendment to the Plans on July 10, 2006, by Ordinance No. 1276; and WHEREAS, contemporaneously with the consideration of this Ordinance, the City Council is considering the adoption of an Ordinance approving and adopting a Second Amendment to the Plans; and WHEREAS, contemporaneously with the consideration of this Ordinance, the City Council is considering the adoption of an Ordinance enlarging the boundaries of the Zone; and WHEREAS, the Plans should be amended to include additional public improvements needed to serve the land in the Zone as enlarged, and the Board of Directors of the Zone has prepared, approved and recommended adoption of a Third Amendment to the Plans; and WHEREAS, a public hearing on the Third Amendment to the Plans was held on October 23, 2006, and the required notice of such public hearing was published, all in conformance with the provisions of Sections 311.011(e) and 311.003(c) and (d). Texas Tax Code; WHEREAS, the proposed improvements in the Zone as detailed in the Third Amendment to the Plans will significantly enhance the value of all taxable real property in the Zone and will be of general benefit to the City; ORDINANCE NO. 1314 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS THAT: Section 1. The findings and recitals contained in the preamble of this Ordinance are hereby found and declared to be true and correct and are adopted as part of this Ordinance for all purposes. Section 2. The Third Amendment to the Plans, a copy of which is attached hereto as Exhibit A, is hereby approved and adopted. The Plans as amended by the Third Amendment are hereby determined to be feasible and are approved. The appropriate officials of the City are authorized to take all steps necessary to implement the Third Amendment. Section 3. The City Secretary is directed to provide copies of the Third Amendment to each taxing unit currently participating in the Zone. Section 4. If any provision, section, subsection, sentence, clause or phrase of this Ordinance, or the application of same to any person or set of circumstances is for any reason be held to be unconstitutional, void or invalid, the validity of the remaining provisions of this Ordinance shall not be affected thereby, it being the intent of the City Council in adopting this Ordinance that no portion hereof or provision or regulation contained herein shall become inoperative or fail by reason of any unconstitutionally, voidness or invalidity of any other portion hereof, and all provisions of this Ordinance are declared to be severable for that purpose. Section 5. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall for the time required by law preceding this meeting, as required by the Open Meetings Law, TEx. Gov'T CODE ANN., Ch. 551; and that this meeting was open to the public as required by law at all times during which this Ordinance and the subject matter thereof was discussed, considered and acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. 2 ORDINANCE NO. 1314 PASSED and APPROVED on First Reading this 23rd day of October, A.D., 2006. CITY OF PEARL. TEXAS TomReid Mayor ATTEST: PASSED and APPROVED on Second and Final Reading this 13th day of November, A.D., 2006. CITY OF PEAR , TEXAS Tom Reid Mayor ATTEST: ng L ty Sectary APPROVED AS TO FORM: Darrin M. Coker City Attorney Exhibit "A" Ordinance No. 1314 REINVESTMENT ZONE NUMBER TWO CITY OF PEARLAND, TEXAS 3rd AMENDMENT TO PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN SHADOW CREEK RANCH CITY COUNCIL 2006-2007 Council Members Mayor Hon. Tom Reid Mayor Pro-Tem Hon. Kevin Cole Council Member Hon. Richard Tetens Hon. Helen Beckman Hon. Steve Saboe Hon. Felicia Kyle City Manager William Eisen 3rd Amendment to TIRZ 2 Project and Financing Plan 2 BOARD OF DIRECTORS 2005-2006 Board Members Position 1 Position 2 Position 3 Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 Donna Coleman State Senator Designee Gary Davis State Representative Designee Nigel Harrison, Chair City of Pearland Designee Gary Cook, Vice Chair City of Pearland Designee Ken Phillips City of Pearland Designee Jo Knight City of Pearland / Alvin Independent School District Designee Mike Pyburn Alvin Independent School District Designee Ron Castillo Fort Bend County Designee Larry Loessin Brazoria County Designee 3rd Amendment to TIRZ 2 Project and Financing Plan 3 3rd AMENDMENT TO THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR REINVESTMENT ZONE NUMBER TWO, CITY OF PEARLAND, TEXAS (SHADOW CREEK RANCH) I. OVERVIEW This 3rd Amendment to Tax Increment Reinvestment Zone Number Two, City of Pearland, Texas (the "Zone" or "Shadow Creek Ranch TIRZ") Project Plan and Reinvestment Zone Financing Plan (the "Plan") is necessary to facilitate the improvement and widening of Broadway/FM 518. II. 3rd Plan Amendment Pursuant to inquiries and requests from Brazoria and Fort Bend Counties regarding assurances that Broadway/FM 518 be completed from S.H. 288 to F.M. 521 the Zone boundaries must be amended to include approximately 7 acres of right-of-way, currently outside the Zone, on which two lanes of Broadway/FM 518 will be constructed. This right-of-way is situated between Kirby Drive and Kingsley as approximated in the map below: When adopted, this 3rd Plan Amendment will not amend any portion of the Project Plan and Reinvestment Zone Financing Plan except as described below. With the adoption of this 3rd Plan Amendment, by the Board of Directors of the Zone and City Council of Pearland, the following sections of the Reinvestment Zone Project Plan and Reinvestment Zone Financing Plan shall be amended as follows: Proiect Plan A. Existing Uses and Condition/Boundaries (311.011(b)(1) 3rd Amendment to TIRZ 2 Project and Financing Plan 4 The boundary of the Zone will be amended to include the area described on Exhibit "A" to this Plan Amendment. Once amended, the boundary of the Zone will be as described on Exhibit "B." Reinvestment Zone Financing Plan A. Estimated Project Cost Description (311.011(c)(1) Section 1. Infrastructure Improvements. The estimated costs for Infrastructure Improvements, as described on Exhibit E in the Financing Plan, are amended to include $8million for construction of Broadway/FM 518, consisting of $900,000 in engineering and $7.1 million for construction and contingencies. B. Kind, Number and Location of TIRZ Improvements (311.011(c)(2) The location of the improvements proposed in this amendment is shown on Page 4 of this amendment. C. Estimate of Bonded Indebtedness 311.011(c)(4) The estimated amount of bonded indebtedness will be increased by an amount sufficient to fund and/or reimburse the estimated $8 million cost of construction of Broadway/FM 518 contemplated herein. 3rd Amendment to TIRZ 2 Project and Financing Plan 5 EXHIBIT "A" October 23, 2006 Job No. 1546-2006-101 DESCRIPTION OF 7 ACRES, MORE OR LESS SHADOW CREEK RANCH CITY OF PEARLAND, TEXAS TAX INCREMENT REINVESTMENT ZONE NO. 2 ANNEXATION TRACT Being 7 acres of land, more or less, located in the H.T. & B.R.R. Co. Survey, Section 81, Abstract 300, Brazoria County, Texas, and the H.T. & B.R.R. Co. Survey, Section 80, Abstract 564, Brazoria County, Texas, said 7 acres, more or less, being more particularly described as follows; COMMENCING at the common comer of the H.T. & B.R.R. Co. Survey, Section 80, Abstract 564, Section 84, Abstract 538, Section 83, Abstract 305 and Section 82, Abstract 565, Brazoria County, Texas, same being on the centerline of County Road 92 (40-feet wide); THENCE, SOUTHERLY, 20 feet, more or less, with the common line of said Section 84 and Section 80, to the POINT OF BEGINNING, being on the south right-of-way line of said County Road 92; THENCE, EASTERLY, 6253 feet, more or Tess, leaving said common line, with said south right-of-way line, to a point for comer; THENCE, SOUTHERLY, 50 feet, more or less, leaving said south right-of-way line, to a point for corner on the proposed south right-of-way line of County Road 92; THENCE, WESTERLY, 6168 feet, more or less, along said proposed south right-of-way line, to a point for corner, the beginning of a curve; THENCE, SOUTHWESTERLY, continuing with said proposed southerly right-of-way line, 55 feet, more or less, along the arc of a curve to the left having a radius of 35 feet, to a point for comer, Page 1 of 2 1:1Projdsk 11SURVEV\1545120061M&B\TI RZ_Oclober_2006_new_erea.doc 3rd Amendment to TIRZ 2 Project and Financing Plan 6 7 Acres October 23, 2006 Job No. 1545-2006-101 THENCE, WESTERLY, leaving said proposed southerly right-of-way line, 50 feet more or less, to a point for corner on aforementioned common line of Section 84 and Section 80, same being the centerline of County Road 48; THENCE, NORTHERLY, with said common line and centerline, 85 feet, more or less, to the point of beginning and containing 7 acres of land, more or less. "This document was prepared under 22 TAC § 663.21, does not reflect the results of an on the ground survey, and is not to be used to convey or establish interests in real property except those rights and interests implied or established by the creation or reconfiguration of the boundary of the political subdivision for which it was prepared" LJA Engineering & Surveying, Inc. /0-23,Zoom Page 2 of 2 I:1Proidsk11SURVEY11545120061M&B\TI RZ_Odober_2006_new_area.doc 3rd Amendment to TIRZ 2 Project and Financing Plan 7 EXHIBIT "B" October 23, 2006 Job No. 1546-2006-101 DESCRIPTION OF 3,931 ACRES, MORE OR LESS SHADOW CREEK RANCH CITY OF PEARLAND, TEXAS TAX INCREMENT REINVESTMENT ZONE NO. 2 REVISED BOUNDARY Being 3,931 acres of land, more or less, located in the Dupuy and Roberts Survey, Abstract 726, Brazoria County, William Morris Survey, Abstract 344, Brazoria County, T.C.R.R. Co. Survey, Section 3, Abstract 678, Brazoria County, T.C.R.R. Co. Survey, Section 4 (John W. Maxey), Abstract 675, Brazoria County, Obediah Pitts Survey, Abstract 717, Brazoria County, H.T. & B.R.R. Co. Survey, Section 80 (J.S. Talmage), Abstract 564, Brazoria County, H.T. & B.R.R. Co. Survey, Section 81, Abstract 300, Brazoria County, H.T. & B.R.R. Co. Survey, Section 82 (J.S. Talmage), Abstract 565, Brazoria County, H.T. & B.R.R. Co. Survey, Section 83, Abstract 305 in Brazoria County and Abstract 761 in Fort Bend County, the H.T. & B.R.R. Co. Survey, Section 84, Abstract 538 in Brazoria County and Abstract 767 in Fort Bend County, S.G. Haynie Survey, Abstract 212 in Brazoria County and Abstract 620 in Fort Bend County, Franklin Hooper Survey, Abstract 198, Fort Bend County, George W. McDonald Survey, Abstract 557, Fort Bend County, I.C. Stafford Survey, Abstract 668, Fort Bend County, the H. Levering Survey, Abstract 279, Fort Bend County, and the A.B. Langermann Survey, Abstract 555, Fort Bend County, said 3,931 acres, more or less, being more particularly described as follows; BEGINNING at the common north comer of Lots 3 and 4, Block 10 of the ALLISON- RICHEY GULF COAST HOME CO'S PART OF SUBURBAN GARDENS, SEC.'S 3 & 4, T.C.R.R. SURVEY AND SEC. 82, H.T. & B.R.R. CO. SURVEY & OBEDIAH PITTS SURVEY, a subdivision or record in Volume 2, Page 99 of the Plat Records of Brazoria County, Texas (B.C.P.R.) also being on the common line of the aforementioned T.C.R.R. Co. Survey, Section 4 and the Dupuy and Roberts Survey; THENCE, SOUTHERLY, 782 feet, more or less, along the common line of said Lots 3 and 4, to a point for corner on the southerly right-of-way line of Farm to Market Road 2234, 160 feet wide; Page 1 of 5 I'Proidsk 1\ SURVEY \1545\2006\M&B\TIRZ_October_2o06.doc 3rd Amendment to TIRZ 2 Project and Financing Plan 8 3931 Acres October 23, 2006 Job No. 1545-2006-101 THENCE, EASTERLY, 998 feet, more or less, along said southerly right-of-way line and its easterly extension, to a point for comer on the west line of the J. Crawley Survey, Abstract 174, Brazoria County, Texas; THENCE, SOUTHERLY, 3,482 feet, more or less, along the west line of said J. Crawley Survey to a point for comer on the centerline of Hughes Ranch Road, also being the southwest corner of said J. Crawley Survey; THENCE, EASTERLY, 421 feet, more or less, along the southerly line of said J. Crawley Survey and along said centerline of Hughes Ranch Road, to a point for corner on the centerline of State Highway 288; THENCE, SOUTHELRY, 5,326 feet, more or less, along said centerline of State Highway 288 to a point for corner on the southerly line of County Road 92, 40 foot wide, a dedicated road as shown on aforementioned ALLISON-RICHEY GULF COAST HOME CO.'S PART OF SUBURBAN GARDENS; THENCE, WESTERLY, 3,195 feet, more or less, along the southerly line of said County Road 92, to a point for comer, THENCE, SOUTHERLY, 50 feet, more or less, to a point for comer on the proposed southerly right-of-way line of County Road 92; THENCE, WESTERLY, with said proposed southerly right-of-way line, 6,168 feet, more or less, to a point for comer, the beginning of a curve; THENCE, SOUTHWESTERLY, continuing with said proposed southerly right-of-way line, 55 feet, more or Tess, along the arc of a curve to the left having a radius of 35 feet, to a point for corner; THENCE, WESTERLY, leaving said proposed southerly right-of-way line, 50 feet more or less, to a point for comer on the centerline of County Road 48 (Old Airline Highway); Page 2 of 5 I:1Projdsk 11SURVEY11545120061M8a1Tl RZ_October_2006.doc 3rd Amendment to TIRZ 2 Project and Financing Plan 9 3931 Acres October 23, 2006 Job No. 1545-2006-101 THENCE, NORTHERLY, with said centerline, 35 feet, more or less, to a point for corner on the aforementioned proposed southerly right-of-way line of County Road 92; THENCE, WESTERLY, with said proposed southerly right-of-way line, 2,640 feet, more or Tess, 10 a point for comer on the east line of that certain called 160.048 acre tract conveyed to Pearland Investments Limited Partnership by instruments of record under File No. 03-044886 and File No. 2004059020, both B.C.O.R., and on the westerly line of that certain called 522.62 acre tract conveyed to Ashton Southern Trails Joint Venture by instrument of record under File No. 2004002615, B.C.O.R.; THENCE, SOUTHERLY, along the westerly line of said 522.62 acre tract and the easterly line of said 160.048 acre tract, passing at a distance of 2,570 feet, more or less, the northwest comer of Lot 1 of Block 84 of Allison Richey Gulf Coast Home Company Part of Suburban Gardens as recorded in Volume 2, Page 98, Plat Records, Brazoria County, Texas (B.C.P.R.), continuing in all a distance of 5,212 feet, more or less, to a point for comer in the southerly line of said H.T. & B.R.R. Co. Survey, Section 84, the northerly line of Section 2 of the H.T.& B.R.R. Co. Survey, Abstract No. 566, Brazoria County, Texas and at the southwest corner of Lot 4 of said Block 84; THENCE, WESTERLY, along the common lines of said H.T. & B.R.R. Co. Survey, Section 84 and said H.T. & B.R.R. Co. Survey, Section 2, a distance of 2,640 feet, more or less, to a point for comer, same being the southwest of said Section 84 and in the easterly line of the Manuel Escalera Survey, Abstract No. 654, Brazoria County, Texas and Abstract No. 169, Fort Bend County, Texas; THENCE, NORTHERLY, along the common lines of said H.T.& B.R.R. Co. Survey, Section 84 and said Manuel Escalera Survey, a distance of 3,194 feet, more or less, to a point for comer, same being the southeast corner of the aforesaid 132.5682 acre tract and the common east comer of said Manuel Escalera Survey and the aforementioned A.B. Langermann Survey; Page 3 of 5 I:\Projdsk 1\SURVEY11545\2006\M&B\TIRZ_October_2006.doc 3rd Amendment to TIRZ 2 Project and Financing Plan 10 3931 Acres October 23, 2006 Job No. 1545-2006-101 THENCE, WESTERLY, along the common lines of said Manuel Escalera Survey and said A.B. Langermann Survey and the southerly line of said 132.5682 acre tract, a distance of 3,359 feet, more or Tess, to a point for comer, same being the southwest comer of said 132.5682 acre tract and in the easterly right-of-way line of F.M. 521; THENCE, NORTHEASTERLY, along the easterly of said F.M. 521, 11,715 feet, more or less, to a point for comer on the centerline of Clear Creek; THENCE, NORTHEASTERLY, 1327 feet, more or Tess, along the centerline of Clear Creek to a point for corner on the aforementioned southerly right-of-way line of Farm to Market Road 2234; THENCE, SOUTHEASTERLY, 1519 feet, more or less, along said southerly right-of-way line to a point for corner on the Fort Bend and Brazoria County line; THENCE, NORTHEASTERLY, 577 feet, more or less, along said county line, to a point for corner at the common comer of Brazoria, Fort Bend and Harris Counties; THENCE, NORTHEASTERLY, 2426 feet, more or less, along the Brazoria and Harris County line, to a point for corner in the aforementioned centerline of Clear Creek; THENCE, EASTERLY, 8250 feet, more or less, along the centerline meanders of Clear Creek to a point for corner on the northerly line of aforementioned Lot 3, Block 10 of said ALLISON-RICHEY GULF COAST HOME CO.'S PART OF SUBURBAN GARDENS, same being on the aforementioned common survey line of the T.C.R.R. Co. Survey, Section 4 and the Dupuy and Roberts Survey; THENCE, EASTERLY, 453 feet, more or less, along said north line of Lot 3, Block 10 and said common survey line to the POINT OF BEGINNING and containing 3,931 acres of land, more or less. Page 4 of 5 I:\Projdskl\SURVEY\154512006\M&B\TIRZ_October 2006.doc 3rd Amendment to TIRZ 2 Project and Financing Plan 11 3931 Acres October 23, 2006 Job No. 1545-2006-101 "This document was prepared under 22 TAC § 663.21, does not reflect the results of an on the ground survey, and is not to be used to convey or establish interests in real property except those rights and interests implied or established by the creation or reconfiguration of the boundary of the political subdivision for which it was prepared" LJA Engineering & Surveying, Inc. 10 — Z 3 - z oolo Page5of5 I. ,Projdsk 11SU RVE 111545120061M&81TI RZ_October_2006.doc 3rd Amendment to TIRZ 2 Project and Financing Plan 12