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Home My WebLink AboutR-2006-15 authorizing publication of resolution/providing for preparation of service and assessment plan Agenda Date Requested: u EST FOR CITY COUNCIL AGENDA ITEM Appropriation Requested By: Source of Funds: Department: Account Number: Report: Resolution: X Ordinance: Amount Budgeted: Exhibits: Resolution-Findings in Connection wi PID #1 Amount Requested: Exhibits: Resolution-Authorizine: the Establishment of PID #1 Budgeted Item: YES NO Exhibits: Petition for the Creation ofthe Lake~ @ Fairmont Green PID Exhibits: Varioll~ PrQ,jection~ Relatin~ to the PIll: o Buildout Schedule o Assessed Valuations o Debt Service & Developer Reimbursement o La Porte PID Costs o Pill Reimbursement - Capital Costs o Amortization Schedule SUMMARY & RECOMMENDATION In October 2004 Mr. Fogarty (through David Hawes, TIRZ/Redevelopment Authority Consultant) requested consideration of a PID (Public Improvement District) to assist him in recouping some expenses that the Authority's reimbursement will not cover. ,- In a December 13,2004 City Council Workshop, David Hawes discussed the petition for this creation. PID's are allowable per the adopted TIRZ Guidelines and Tri-Party Agreement. In fact, a PID may be a successful way to also address future maintenance issues for the detention basins, perimeter fencing, landscaping, etc. Staff has been in discussions with Mr. Fogarty regarding these items. The collection of a PID assessment levied by the City would be easier and preferable than relying on a Homeowners' Association to undertake this kind of maintenance activity. The proposed PID assessment will have 2 components. One component is .20/$100 valuation for capital costs reimbursement, which last for 15 years. The second component is .12/$100 valuation for supplemental services (maintenance items listed above), which is perpetual. A representative from Hawes, Hill, Calderon, LLP (consultant) will be available at the Public Hearing for additional information or to answer any questions. Action Required bv Council: Consider approval of Resolution _ making findings in connection with the Proposed Public Improvement District Number One and Resolution _ authorizing the establishment of Public Improvement District Number One in the City of La Porte. (p u-iJ~ Date ( City of La Porte Resolution No. ~a:/..tJ -I S- A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF PUBLIC IMPROVEMENT DISTRICT NUMBER ONE IN THE CITY OF LA PORTE, TEXAS; AUTHORIZING PUBLICATION OF THIS RESOLUTION, PROVIDING FOR THE PREPARATION OF A SERVICE AND ASSESSMENT PLAN; AND MAKING OTHER PROVISIONS RELATED TO THE SUBJECT. ***** WHEREAS, the City of La Porte Council is authorized to create a public improvement district pursuant to Ch. 372 of the Texas Local Government Code (the "Code") for the purpose described therein, and the City has received a petition from certain landowners within the City requesting the creation of a public improvement district; and WHEREAS, the City Council held a public hearing on June 12, 2006, notice of which was published and mailed to property owners of the proposed district pursuant to Section 372.009 of the Code; and WHEREAS, the City Council has made findings by resolution as to the advisability of the proposed improvement project, the nature of the improvements, the boundaries of the proposed public improvement district, the estimated cost, the method of assessment and the apportionment of cost between the improvement district and the City as a whole, as required by Chapter 372 of the Code; and WHEREAS, the City Council has determined that it should proceed with the creation of the Public Improvement District Number One and the provision of public improvements proposed to be provided thereby; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. correct. The facts recited in the preamble hereto are hereby found to be true and Section 2. Public Improvement District Number One (the "District") is authorized to be and is hereby established as a public improvement district under the provisions of Chapter 372 of the Code over the land currently included within the boundaries of the City of La Porte, Texas, as more fully described in Exhibit A attached hereto, all in accordance with the findings made by the City Council in Section 1 of Resolution No. _ passed and approved on ,2006. Section 3. The City Secretary is hereby directed to give notice of the authorization for establishment of the District by publishing the resolution once in at least one local newspaper of general circulation in the City. The authorization and establishment of the District shall be deemed to be effective upon the publication of the notice directed by this section. Section 4. The City Council hereby directs the La Porte Redevelopment Authority to prepare a service and assessment plan for review and approval of the City Council in accordance with Chapter 372 of the Code. Section 5. The District shall not provide any improvements until at least 20 days after authorization of the District takes effect. Such services shall not begin if during such period a petition is filed pursuant to section 372.01O(c) of the Code. Section 6. This Resolution shall be passed finally on the date of it's introduction and shall take effect immediately upon its passage and approval. Section 7. It is hereby found, determined and declared 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 of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code, and that this meeting has been open to the public as required by law at all times during which this Ordinance and the subject matter thereof has been discussed, considered and formally acted upon. City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. PASSED AND ADOPTED this1Jth day of G\ J .flL, 2006. V~ ~~-~.~ Alton Porter, Mayor Attest: Approved as to form: f rZ .'14. I l~ U)t !:{/r ~'e~ Knox Askins, City Attorney PROPOSED PID NO. 1 CITY or LA !'ORTE 4.97 ACRES EXHIBIT A '-- ~'\n? !1'..: ~ 1 STATE HIGHWAY 148 I'ROI'OS~D PIO MO. 1 CITY or LA !'ORTE 99.19 ACRES 'i " II 1\ I I I EXHIBIT PROPOSED PUBUC IMPROVEMENT DISTRICT NO. CITY OF LA PORTE 158.60 ACRES 10 " " " " I) NORTH _0ClI".," ,,-'lOW.' ",e"ll'l~ 0... . --~...-- ~-~ . - - - _r._ ,... ==-- 0....- --- - === at ramr GneJ!! . -..: - -...., EI.01 ...~... " PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT THE STATE OF TEXAS COUNTY OF HARRIS TO: THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS: The undersigned petitioner (the "Petitioner"), acting pursuant to the provisions of Chapter 372, Texas Local Government Code, together with all amendments and additions thereto, petition this Honorable City Council to create a public improvement district ("Districf') in the territory described by metes and bounds in Exhibit A and map reference in Exhibit B attached hereto (the "Land") within the City of La Porte, Texas (the "City"), and in support of this petition the Petitioner would present the following: Section 1. Standing of Petitioner. In compliance with the requirements of Texas Local Government Code, '372.005(b), as determined by the current roll of the Harris Central Appraisal District, the Petitioner constitutes the owner of (i) more than 50 percent of the appraised value of real property liable for assessment under the proposal described herein; and (ii) taxable property that constitutes more than 50 percent of the area of all taxable real property that is liable for assessment under such proposal. Section 2. General nature of the proposed public improvements and supplemental services. The proposed public improvements include the construction of water, wastewater and drainage facilities, stonil water pollution prevention facilities, engineering services, financing and interest costs, and administrative and legal services for the proposed District. The Supplemental Services consist of special services that will cpnfer benefit on all property in the District. These services include maintenance of the sound barrier structures, parks, detention, and other common faqilities and the necessary administrative, legal, and engineering costs associated with the maintenance of these structures and facilities. Section 3. Estimated cost of the proposed public improvements: $3,750,000.00. Section 4. Estimated cost of the proposed supplemental services: $3,250,000.00. Section 4. B"oundaries. The proposed boundaries are described in Exhibits A and B. Section 5. Method of assessment. The proposed method of assessment shall be based upon (i) an equal apportionment per square foot of property benefiting from the public improvements, as determined by the City Council, (ii)an equal apportionment on a per lot basis benefiting from the public improvements, as determined by the City Council, (iii) the ad valorem taxable value of the property benefiting from the improvements, or (iv) any combination thereof. Section 6. Apportionment of cost. 100 percent of the cost of the proposed improvements shall be paid by assessment of the property owners within the District. Section 7. Management of the District. The management of the District will be the ultimate responsibility of the City Council of the City; provided that, to the extent allowed by law, the City may initially contract with either a non-profit or profit organization to cany out all or a part of such City responsibilities, as well as the day-to-day management and administration of the District. Section 8. Concurrence of the Petitioner. The Petitioner signing this petition concurs in and requests the establishment of the District. Section 9. Advisory board. An advisory board may be established to develop and recommend an improvement plan to the City Council. This petition shall be filed with the City Secretary in support ~f the creation of the District by the City Council as herein provided. [Signature on following page] PETITIONER 65 La Porte, Ltd., A Texas Limited Partnership, by its general partner NEHC Properties, Inc. THE STAlE OF TEXAS COUNTY OF 1"/ ARf(./ 's tJ:; This instrument was acknowledged before me on this f - day of~~e.((?; 2004, by Joseph Forgarty, President ofNEHC Properties, Inc, a Texas corporation, general partner of 65 La Porte, Ltd., a Texas limited partnership. , Noi!=:1 ~ (NOTARY SEAL) .\\UIH" l'~~~~fl:~~. Y<:11('~~ : ~ : : -;.~~ ..~~ "";~',9~.,t~.... DONNA L CLIFFORD MY COMMISSION EXPIRES Janumy 22, 2006 . ,eA II E )C I7rB.lr' ~~lt~~i., 19.169 ACR~ TRACT Being a 19.169 acre (835.020 ~q~f~.) ~ract of land. comprls1ni par't. 9f the Town o~ La I:'or~~ (Vol. 60. Ps. 1.12. . H.C.D.R.l. Johnson Hunt.er Survey, _~; La Porte. Harri~ .County, Texaa. The 19.169 acre ~ract a~ aurveyed:byH. Carloa Smith. Enaineera & Su~veyor~, . .Inc:, on Apr1;l 20-22.. 1988 and is more par't1aularly desoribed bymet.6s and bounds a3 follow&~ Besinnin4 a't 't.he 'Nort.hwe~t. corner .of t.hier 19.169 .acre "trac'C; .s~id poin't pe1nB coin~1dent w.lth t.he Sou~hwest CQrner of B~~ PQin" (Ga.rdenwalk) Townhome5. (Vol.. .195.FS'. 18. H. C~M.~.) anci "the Ea~~ right-of-way. line of Stat~.HiBh~aY 146 an9 from which a 1/2 inch iron rod WAa found.O.07.feet South ~nd 0.13 fee~ Ea5t and a "X" ohiseled in conere't.e .bea~s Not'th 89 degrees 59 mlnutea 41 seoonds Wea~ a d1s~anee of 26.49 f~e~. . . Thence, :;iQu"th as deBrf:le~ 5S m1nu't.e5 4i 1 seconds East:. (Cal.l EAST); c~i~ciden~.w1~h.thc Sou~b bounaary line of 5aid Bay Point Townhomc5: passing .at 2ga.18feet a 3/4 1nch iron pipe found 0.17 teet. North; for a to't-al d:1:ltance of 938.00 feeT, t.he No:-t.heas-t. c6rnet of ~h1s 19.169 acre ~ract and from which a .5/B 1nch:iron rod:WA$ found 0.20 feet North and a 3/4 inch iron pl~e wa~ found 0.05 fee~ Nor~h And 1.88 f~e~.Ea5~.. - Thence. Sout.h;. .'ooincident. with the We~:rt - b01..\nc!ary line of .Li ttleCedar Bayou Fark; a dl.~t.ance of. 461.88 fee't. to a 5/8 inch iron rod found for corner. Thence, West.: .coincident-.with the North pound;al'Y line of. tha't. certain 3.399 aCl"e ~ract., (Trac"t. IV). Oi.C.C.F. No,..K7647t\l) compris1ng pa~~ 01 Cit.y of La Porte Bay Fore5t Golf Course; a di~tAnce of 100.00 f~et ~o a 5/8 inch iron rod found for corner. . Thence, Southi coincident w1~h tha West.boQndary line of said C~ty Of La Po;rte3.399 acre tract; a d1s'tance of 467.73 feet ~o. 8. &/8 inch iron ~od se~ for t.he Sou~heA5t corner of thi5. 19.169 acre trac~. - . Thence, .We5t; co~ncident wi~h ~he North boundary' linea! Parcel" 2. {20.000 acre tract); a distance of 859,72 1~et to ~ 5/8 'i:nc~ 1-ron rod ~et for the Scu'thwe3t. corrler of l:.his 19. 169bcr~ tract, .. Thenc~. Nort.h D degrees 02 minu~e5 Ol seconds ~a5'tj coincident ll1th.the Eas~ right-of-way line of ,S't&'t.e Highway. 146; a dis'tanc~ of 391.78 feet to a Coric~e'te Monument-'top.~roken off) found for cor~er.' . Thence, poutb 87 degrees 58 minutes 3Q ~econds Eas't.; coincldent wi't.h 'the Sou~h riShl;-of-way line. of,Si:a't.~ Highway .146; .a d1s~ancc of 16.80 fee~ 'to a 1/2 1nch iron red fuund for corner. Thence, Nor't.h 0 degrees 31 m1nut.e5 19 5cco~~ds. E~:st.; t:'clincidcnt wi't.h the East right-of-way line. of $'tat.e Highw~y 1~6.; ~ distance of 538.53 fe~~ to ~hc POINT OF BEGINNING. ,. . ~ EXHIBIT ItAu . , f:4Rc.t.:'- 3 BEING A +1.992 ACRE (1.829,187 SQUARE FEET) TRACT .oF lAND IN TIiE TOW~ OF LA PORTE (VOL 60~ PC. 112 H.C.D.R.), JOHNSON HUNTER SURVEY, A;';35 , AND W. P. HARRIS SURVEY. A-30, LA PORTE, HARRIS COUNlY, TEXAS, ~ SURVEYED BY H. CARLOS SMITH" ENGINEERS & SURVEYORS, INC., APRIL , 1988. AND BEJNG MORE: PARTICUlARLY, DESCRIBED BY METES AND BOUNDS /4S FOLLOWS: BEGINNING AT A 5/8 INCH IRON ROD SET AT THE INTERSEc:nON OF THE EAST RIGHT-OF-WAY UNE OF STATE HIGHWAY 140 WITH THE NORTH RIGHT-OF-WAY UNE OF . WHARTON WEEMS eOUl.2(ARD (H.C.C.F-. NO: E563165). THENCE IN A NORTHERLY'DIRECTlON, WITH THE EAST LINE OF STATE HIGHWAY 146, FOllOWING A NON-TANGENT CURVE TO THE LEFr, HAVING A CENTRAL ANGLE OF 06 .DEGREES 44 MINUTES 36, SECONDS, A RADIUS OF. 5906.03 FEEf. CHORD BEARING AND, DISTANCE OF NORTH 03 DEGREES 18 MrNUTES 00 SECONDS EAST, 694.71 FEET,' AN ARC DISTANCE OF 695.11 FEET TO A 5/8 INCH IRON ROO SET AT THE POINT OF TANGENCY; I . ; THENCE NORTH do DEGREES. 02 MINUTES 01 SECONDS EAsr, CONTINUING WITH THE EAST RIGHT-Or-WAY UNE' OF STATE HIG.HWAY 146, FOR A DISTANCE OF 667.45 FEET TO l'HE, NORTHWEST CORNER OF THIS 41.992 ACRE TRACT. BEING THE SOUTHWEST CORNER OF . PARca 2 (20.00 ACRE TRACT), FROM WHICH A FENCE 'CORNER BEARS SOUTH 38 DEGREES 26 MINUTES EAST, 1.36 FEET; , THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS EAST. WITH THE SOUTH UNE OF 751 STREET (CLOSED BY HARRIS COUNTY COMMISSIONER COURT, VOLUME 5307, PAGE 419 HARRIS COUNlY DEED RECORDS), PASSING AT 860.31 FEET THE SOUTHEAST CORNER OF', PARCEL 2 AND THE SOUTHWEST CORNER OF THAT CERTAIN 3.299 ACRE TRACT N (HARR1$ COUNTf CLERKS FILE NO. K784741), PASSING AT 960.31 FEET TH~ SOUTHWEST CORNEROf' . THE 3.399 ACRE TRACT, AND THE SOUTHwEST CORNER OF THE CnY OF LAPORTE BAY FORREST GOLF COURSE, FOR A TOTAl DISTANCE OF 1236.31 FEET TO THE NORTl:lEAST CORNER OF THIS 41.992 ACRE TRACT, FROM WHICH A FENCE CORNER BEARS SOUTH 03 . DEGREES 4-8 MINUTES WEST. 1.80 FEET; . TIiENCE SOUTH 00 DEGREES 00 MINUTES 00 SECONDS WEST, WITH THE WEST UNE OF 6TH STREET (CLOSED ,BY,HARRIS COUNTY COMMISSIONER COURT, VOLUME 5307; PAGE 419. HARRIS COUNTY DEED RECORDS). PASSING AT 4-50..00. FEET THE SOUTHWEST. CORNER OF CfT'!' OF LA PORTE BAY FOREST GOLF COURSE AND THE NORTHWEST CORNER OF PARCEL 4 (14.707 ACRE TRACT)', fOR A TOTAL DISTANCE OF t3fa3.10 FEET TO THE SOUTHEAST CORNER OF THIS 41.992 ACRE TRACT AND mE SOUTHWEST CORNER OF PARCEL +. fROM WHICH A 5/8 INCH IRON Rob FOUND BEARS SOUTH 03 DEGREES 55 MINUTES WEST, 0.74 FEET; . . THENCE SOUTH 87 DEGREES 50 MINUTES 08 SECONDS WEST, WITH THE, NORTH UNE OF WHARTON WEEMS BOULEYAAO, FOR A DISTANCE OF 782.69 FEET, FROM WHICH A TX. D.O.T. CONCRETE MONUMENT WITH BRASS DISK FOUND BEARS SOUTH 16 DEGREES 39 MtNvrES EAST. 0.46 FEET; . . THENCE NORTH 89 DEGREES, 28 MINUTES 42' SECONDS WEST; CONTINUING WITH THE NORTH UNE OF Wl-lARTON WEEMS BOUlEVARD. FOR A DISTANCE OF 317.48 FEET, FROM WHICH A TX. D.O.T. .CONCRETE ~ONUMENT WITH BRASS DISK FOUND BEARS SOUTH 06 DEGREES 35 . M1NUTES EAST, 0.86 fEET;. '. THENCE. SOUTH 89 DEGREES, 10 MINUTES 38 SECONDS WEST, CONTINUING WITH THE NORTH UNE OF WHARTON WEEMS BOULEYAAD. FOR A DISTANCE OF t 73; 73 FEET. TO THE SEGINNING, OF A NON TANGENT CURVE TO THE RIGHT,fROM' WHICH A TX. D.O.T. CONCRETE MONUMENT WITH BRASS DISK FOUND BEARS SOUTH '12 DEGREES 48 'MIN!JTES EAST... 1.07 FEET; THENCE IN A NORTHWESTERLY DIRECTION WITH THE NORTH UNE OF WHARTON WEEMS 80ULEV~, FOLLOWING A CURVE TO THE RIGHT HAVING A CENTRAl ANGLE OF 95 DEGREES 21 MINUTES 19 SECONDS, A RADIUS OF 55.00 fEET, CHORD SEARING AND DISTANCE OF NORTH 41 DEGREES 01 MINUTES 19 SECONDS WEST, 81.33 FEET; fQR AN ARC DISTANCE OF 91.53 FEET TO THE POINT OF BEGINNING, AND. c.ONTAlNING 41.992 AC~ES OF LAND. Jll:COROER 'S MEMaM~[)l)M All SlACKOUl's. ADDITIONS AND CliAJllGPS WERE PRESENT AT THE TIME THE INSTf{UMEf(' . - en.!'l'l '-NO RFr.O!lf1fn NOTE: The.Company does not represent , that the above acreage or square .footage calcu1ationsaIe conect., _';"""""''''_A:~i_ " , '. , . , .. !r"~"!I'" . . an . ~ ". -. ~~:....tfl:';;, ~ 14.707 AC~ TRACT , . Thence. SOUt.hi coincide.nt \11th tne West. bqundary l!ne of City of LA Por~e Bay Foreat Golf Course Tract II; a distance of 666.28 feet ~o the FOINT OF 'BEGINNING. KE.VINA. . OLSON T~XASREGI6TERED PUB~IC SURVEyOR NO. 4524 DATE;. MAY -12, iSe8 JOB.NO. 2189-88 . . -~ . .. . . ..' ..... ... . . .. ',. . ~ \ \ .\' . . . "'J' ";.!. . .:. ~...~f~:{t~;.}~ " :.. :~. .~:_t;i:';ti<'<'!'~ 'N". . . . .;:,>'.:;:::' '. ::":>~;i } }'" .A~~:' .' ',' ..,". . . . ....' . ',4' . "'.:.'>:'/ 9t~~;~ . ........ .. ..,..... ..:~. '/ }.~:}.' ,.:?'" " ~ ,. ' , ' .. , '. . " . ...~.. " ,. .~'.. ~.:;.. .. ~ .';"" . ~." .. '.' ':';. . .. .'l';';.,' " .., . '. '. .. .: . '. .: . 'ot : ~ . "\ ~:. - . . i.:. - - . ',,;'.'::" ~~::; :.;.,,:~,~:. : ~; . ,; ': ; . .: ..~';O...,ii'" ON . : ~~c.<f.",r:,.: ..",?-.' ., .' ." . )~iiili:i\)~;$~. ~.' cr~~71:s.lWWE .~ ~ Of ~3>l:(!-lE 10WN 6f ,",.pome (\/llL ~n,.pq. 112. H.<;,D.R.). ~ p ::lI'l'i1I$ .!;\JIMX. .t. .~. 1A pQg!E. tW1R1S COUNl'f. 1EJ<.'S. . ,<< "1 ~.5a&',o,CRE '11l.;Cl\iQ' 'V<l'!D ..Ii$ sUll.'If."El' il'< Ii" l;i\Il.UJS Sl\l\1tl; OjGlNEERS 8t. . . 'su~s. )lIc;;...Olf JlIltIJ,: '.'l;l--'t6i ,.I~811. IS l.\ORE p~ De>cR\8Ell at. ~ AtlD . . . BOIJN!lS. AS fOLLQI'ISi:'-' ..' .'... ..... . . . ". ,." .. . .. " c. ...... . .... . \ '. .: .;, BEGilIN\~(j 'i.;-; 5/sl!ltltl \~b.Ii;\,OD fouN1i:.iMf<K1NG 1HE NOI(\l\WESl,COR~ER .Of lHA. ..' .: oo<1i\lN . Cl\"(. . 01" iA i'iJRlE' a/.~.;fQRESI'..GCU" cotJR!;ll...'l!lAct it. (69 ,3g AOIlES)' (Ii.C,C,f. NO. . '.. '1<784741) .ANO: ,'TlIE NotUiIllI.$f,..,OORNfR .Of"nJlS: ~ 6./;86 ACRE. 'fiq\Cii . "',Ill CORll[R. aElllG . ' , Cqll-lClOarr Wflll:ij-!E .:$001\1; RIGl(I'~OF _WA'(tltle: . !if . >(fflAR1OtI WEE,",S 1l0uU'lAIW > ,. ILl'C'r- t-: "'Q C'c:."'"L<t;!>o\.).>' . . . . .' . .. .' . ,<". .~."." . '=0-- 00. . .'! . .' . ..... . '. '. .' ..' '., .., ,. . . .. '.' ' ..' . . 1l-IElltE!iQ(lj>i. GPIllC10E,>ir..'iini< 1l-IE I'/ESf "OiJNlI~ utlE Of $1\10 C(t( 'Of V. poRTE aA~ , roRE$T GOLf .couRSE;, ~ OI?f^N~E' Of M5.\l~" FEq. 1Q,:1tIE 'SC)\illIEAST CORllER OF 1l-I1S 16,586 ACR~''tRAC)'. 'fROM WtllCl-I .A fElICE:. COR~ER a.......S scum 13 OEGREES' 24 MIllU'.ES WESt, 0.41. .fE,1q'. ,:r . '.' " . ",ENC.. NQRlll89 DEGRf....,s. 44 MIlluTES OJ SEOOllDS. ~ / roIlIC1DEt-ll wmJ 1l-IE NOfffi{ B6UlloAR'( U~E OF S/lIIl Om' Of' V. 1'(lRlE. IlAV fORESI':' GQU' COURSE. ~. .Il\STAllCE Of 1402,12 FEEl TO ~ SIll lllCII1ROll .ROO sO !'OR,:(!-IE solJ1l-l'NES!cORNER' Of 11'\IS 16.586 . ACRE l1lAaT. . ..... ',.:', ....:.. .' '. . . " . . . . TtlENCE :'NORll-l. coINi;IoENl WIItl ltlE..EASl BOI.!IlDAR'l UllE Of I'~' il (8.754 ACRES); ~. olS1l\llCE OF <\85.53' fEE!.10.A..5/8 IllCll- IROll lIDO FOUlln".FoR,;n-1E NQRlllWESf coRNER .Of TlI1S 1 B.5&6 AORE 'lljACl' .... ...... . . . .niEt<CE NOR'ltl 81. DEGREES :50 J,tINiJlE$.'.l)!I' :sECoNQS ~. COINCIDENT wmJ 1l-IE soUTlI' 't<JG!lI..(Jf -WA~ UNE 'Of WIIARlOIVI/EElIS 13QULE"/o'/lO. .A Dl5mlGE OF \A.03.11 FEEl.o.1l-IE ,rqlll1", Of BEGlllNlllG, AIlO .coNfAlNlllG ~6.5IW I/l!lES of LAlltl:' . . '. ~.' -:- r- , (fI, w. '~ o ~ ~.u.J co(fl ~ w::> l- O. 0:::(,,) o . o..~ <(0 .J.0 .r. ; ~. o. .-r t: .U . 1 ;. :.~~ ;.:\: '~~~~;~~...~~ . 'f?4tec.a~ f3, ", . . ,:.:.; ,,~ aEiN~" i.~G~; IIC~~.t 1:~0~~80' ;SQ~E.Fm~ TM,CT. ~F~~?,. Il\,~i' J9~,,?f.'" ;". "", .~/; ~):, 60" PG, 1-12 ET,StQl 'fj.~,DA~.).. W. P. ~IS S~~. Il. Ju...v, ;po~( ~$. . .... ,': ~O~?:,AP,Rf.' TR'ACT;'BEI~G' ~O~ PARTlCU..:M~" DermBE~' rk'~Ji,:7S:' . ,;',' ;~., .{,',:, ,: :'~; . eEG~Ni~l/IIT' II '5/8 ,INCA IROJ'l ROD SET MARKING THE'INtERSECTION OF .$~: R'~;ji :' '( WAY'U!iE;'OF WHARTON ,WEEMs:. BOOLEVARO (H.C,C.F. 'WO. E563165) ,WITH'THE EIISf'!lL~"" : ; ,; PF-WAy UNE Of ,~Ait:,H1G~AY 1"46:. . '" " . ,. ,,:" '':H~Ct' IN.-III NORrHEASrERL.Y DIRECTION; COINCIOENT WITH T.Hg SQUTH 'RlPm":'QF.''''~A'(:,: . . UT:lE .0.1:\ wHARTON WEEMS'i.aQULEYARD, FQLLOWI/ilG A CURVE TO THEfl,RIGl:lT" l,fAV1!t;-,~. : cEN'i'IW.: ~L.E:: Of.'. 7g . DEGREES: 09MiNI.ITES 19 SECONOS, A RAOI\)S, of' 5.0Q FEET ",~Q:'.A, ' CHORc' StARING ''OF NORm ao DEGREEs Q2 MlNlJ'TES '20 'SE'C9NDS ~ ,toR A Dl~lIOOt~'O}'~ .', 70,Ol\"FEE'T,' FOR AA AAC. DI~ANCE Or 75.98 FEET TO.A HIGHWAY ,MOl'lUIdENT (BAAS~ ,CAP,,)N .... . CON"REl'E~ FOU~I) f~R",4; POINT O~ TANGENCY; . . '. , " . '" ,'~: ..::' " '. . THENCE",NORTH, 89 DEGREES 01' MINUTES 35 SECONQ"S OOT, CQINClDENT WITH 1ik~pw:f{[~; f,. Rj(;!iT.,..OF-WAY UNE,or WHARTON WEEMS BOULfNARD. 'fOR A blStANOE OF 2'f7.0Q i'l:'S',W':~ .';, .HIGHWAY MONVME;NT. (BRASS 'eAP IN CONCRETE) FOUNO FeR- ,C,ORNE:R:, '. ',.,'" "1} ,'" . ENT WITH THE NQRTH. 'THENCE; NORiri 8~ pEGREES ,46. 'MINUTES 31 'SECONDS CAST,: ~lNCIPI';N'F wir~~?ntE:'~~~f~ 'J;: RSE. K.{!)ISTANCE OF" . RIGHT.,.oF"WAY'UNE.'Of WHAfP'ON"WEEMS BOULEVARO, FOR,.. DISTN'l~ o~;a'3.0Q.JFEEt trr:~1: ~>. ~f(ER Of TI'Il~ ,16.586' 5/8' .INCH- lRO\;l 'ROD SET FOR CpR!'IER; , '.' . .... ",. , ,.,.,~ /:f.' ., . '. ,THENC~ SO~" FQ~ A OI~ANCE 6F;~58.40 j:m TO A 5/~ INCH J~ON ROP' sEi; .iQ~Qq~ .7:. ~~i '. ;::8 (8.754 ACRES); A. .'. . '-' . , . . . ' , '... . ..~ili ~,,r ;.. ORl'HWEst CO~NER OF THENCE WEST; FOR A DISTANe!'; OF 406.21' FEET .TO A 5/8. I~CH .IRON.Roe SE:T FOlt CO~..t:~",,, :':',,' . oJ .' . . "i' ;:, '" .' , ,.' '~ . TKENCE" IN A" NORTHERLy' .01'RECTlON:'COINCIDENT .WlTl....,THE iASt, .~iGtfr':;()F:";lfl^'j:': IJH ,;- >:00 WIl'H THE: SOUTH. " ;$TAltIiIGHWAY <'146; fOLl,OW(NO', A\CtJRVE. TO"THE~'!-EfT',~VIN(N",CEt,:rn~Ab!l\f.lGl:.E 0,.. ," .~:, ; 1403.11FEtt ro.:rHE 'OEGREES'oo MINUTES'48".sECONDS;'AAADIUS:OFr:5905~03'~I':EEP"ANO,};"OH~a ,\3e:AR1NG: . .~ : ,;. ' .' .' . C.,NORTH 1G' DEGREES' 4~ 'M1NUTES'02~SECONDS:.E:AST/A DISTANCI;.'OF~,~iO';li2,;fEE\'}'f'Q~'1,l.N:. ;-: f . .' ~O~IST~CE' OF 31.~;S6 FEET ~O'lHE 'POI~"?!:"'~EGlNNING:iANO"'~ONTNflING~,~~:Of " :t:. '~D"~~1P110N fA~c.:e-i..'--B .. . . ". ~ ': !:' TOWN OF'. bA PORTE' . . '~\RRIS" COUNTr. . '1'tXAs. ': ;l;(lTH;- Et:lGINEERS ~ . . :R\elEO BY ",ms AND . .:sT. ',CORNER ;OF THAT . ACRES)' (H.C;C.f. NO. : .S,6J{j;' CORNER. BEING 'WEEl.js eOULEVAAt> P cnY "OF' LA, pORtE :utHEAST CORNER OF 'UTH 13 DEGREES .24 ";. ~'.--- r.AR:D BEING A 5.754 A9RE (250,652 SQUARE FEW TRACT Of'I.ANC IN lliE iClWN. OF IA PORTE, (VOL . i ; 60, P,G, 112 ET.SEQ. H.C.D,R.), W. P. ,HARRis SURVE.Y, A-30. LA PORtE. HARRIS COUNlY. Tf!XAS. , " THE 5.754 ACRE TRACT OF LAND BEING MORe: PARTICUlARLY DESCRIBeo BY MET~ 'AAI). BOUNDS AS FOl.LOWS: ' ' COt.\MENClNG' AT .A 5/8 . INCH IRQN ,ROD .s'Er MARKING THE lNTERS~CJlON' Qf. SOUTH RiGHT - . OF-WAY UNE Of WHARTON WEEMS BOUlEVARD (H~c.e:F. NO. E56.3165) WITt! ltlE;. &:AST' '.. RIGHT-Of-WAY tiNE: Of STAT.t: HIGHWAY 146; '. . , THENCE IN A NORTJ-/EAST~LY DIRECTION. COINCIPENT WlTI'llHE' SOUTH .RlGHT..:.OP....WAY , UHE OF WHARTON WEEMS BOULEYARO,FOLLOWING A CURVE TO THE R1GlfI' 'HAYlNG:A. c, cENiRAL ANGlr 'OF 79 i>EGREES .09 MINUTES 19.5ECONDS. A-RADiUS OF 55.00'Fl!ETI'AN!H\ ' '., CHORD .!~NG OF NoRTH 50 DEGREES 02 MINIJrES 20 SECONt>S EAST FOR A' DISTANCE' OF. ',:. ' 70,08 t~l. FOR AN IIRC DI~ANCE OF 75.98 FEE\' fO A HIGHWAY. MONUMENT, (BRAss' ,W:"lN' CONCRETE) tOUND FOR A POINT OF TANGENCY; , ':. ': THENCE NORTH 8~ DEGREES 0.1- MINlJ.TES 35 secONDS EAST, COINCIDENT WITH THE. SOI,/TH .. . RIGHT-Of-WAY WNe.OF WHARtON WEEMS BOULEVARD, FOR A OISTANCE OF 212.00 'Fttr 10 . A HIGHWAY MONUMENT (BRA,S$ tAP. IN CONCRErE) FOUND; 'THENCE NORTH ~8 .Df;~REci 48 M!NU'J'Es 3'1'.~ECONDSEJSI': COINClDfNT WiTH'THE SI3UTI'l ' , ,,' RIGHT-OI'''''-V:/A'f UNE Of'WHARTON .WltEMS aOULEVI\RO; f(j~ II OIST#lC~ 'Of.. ~.f)O. '.FEEl" 1)'). A '^' , ~bliNCH IRON ROD. SET FOR THE. POINJ' OF ~EGlN~IN~ ?F< ~e ~~tf; :P7,iQRlBE,O l'RA.Cf ~F .} .:: THENC;-NORTH.88 DEGREES 48 MIN~ J1 SECONDS .E:Aii.coN'fi~G wiiH THE SOUTH ',:;' . RIGHT-OF:c-WAY UNf; ,01' WHARTON WEEMS /30Ul,E.V,l,RD, fOR A DJm-~'GF. 236.0\.9 t.EEJ. TO '. : A H\GHW/l.Y MOt:l\JMENT (BRASS CAP"IN CONCRETE) F:OUNl> FOR CORNER': .", . THENCE; 'NoR1'H 87 DEGREES 50 MINUTES 08 SECONDS EAST, COINCIDENT WITH. THE SOUTH- .' RIGHT ,...Of-WAY UNo.. OF ~TON' WEEMS. BOUWARO. A DISTANCE" OF 67.56 FtET 10'A 5/8 INCH- IR(>N.';RO~ F?UNO F.o~ r-HE NORTHE6ST CORNER Or ''l'HJS 5.754 ACAE TRACT; THEN9ESOUTH, 'COIN~OENT WITH THE WEST BOUNDARY UNE Of' PARca.1 ('6.586 ACRES), FOR A olSTANCE OF 485.53 FEET TO A ;>/8 INCH IRON ROO SET FOR CORNER: ,', THENCE NORTH 89 OEGREES 44 MINUTES 02 SECONDS WEST, COINCIDEN'f WITH THE NOIm! BOUNDARY .UNE OF THAT CERTAIN CnY Of LA, PORTE BAY FOREST GOLF COURSf; iAAClllt (69.35 ACRES) {H.C.C.F. NO. K78474i}. FOR A DISTANCE OF 100.00 FEET TO fr<5/8 'IOOif 1RQN ROD fOUND FOR CORNER : . . . ..._ ' , THENCE' SOUTH 12 OEGREES 55 MINUTES 28 SE:ClONDS WEST. I COINCIDENT WITH THE WEST ' BOUNOARY UHE OF SAID CIlY OF LA PORTE BAY .rOREST GOLF COURSE. FOR A DISTANCE OF " 80.00 .~ iO A 5/8 INQ:H IRON ROD FOUND FOR, CORNER: , THENCE. NORTH 89 DEGREES 44 MINUTES 02 SECONDS WEST. COINClO~T WI1i-t. THE NOR'lH .;. BOUNDAR'i' UNE OF PARCEL 9 (9.075 ACRES). FOR A DISTANCE. OF 655.09 FEEt TO' THE ;; SOUTHwEST CORNER OF THIS 5.754 ACRE ,TRACT. FROM WHICH A FENCE CORNER'SEARS: SOUTH' 34 OEGREES 31 MINUTES EAST 1.09 FEET; THENCE IN A NqRTHERLY DIRECTION. COINCIDENT WITH THE EAST RIGHT-OF-WAY UN STATE HIGHWAY 146, FOLLOWING A CURVE TO THE LEFT HAVING A CENTRAl.; ANGl!; , DEGREES .50 MINUTES 36 SECONDS, A RADIUS OF 5905.03 FEET AND A' CHORD B NORTH 1:5 DEGREES 07 MINUtES. 44 SECONDS EAST. A DISTANCE Or 189.97 FttT; F' ARC DISTANCE' OF 189.98 FEET TO A 5/8 INCH IRON RODSEr fQR CORNER; .' . /~: THENCE EAST,' F?R A DISTANCE OF 406.21 Fttr TO A 5~8 INCH IRON ~OD SEl" F?R;'~' TH,ENCE NORTH. fOR A DISTANCE OF 356.4"0 FEET TO THE POiNT t)f ''!lEGINNING.'. CONTAINING 5,754 ACRES OF LAND, . ,('. " )... :-c:( ~ :c C) ..... '.:J: k:!. cc - ..... (,) f. ' , ~ 4rN':s;oc;<~ .. .'.. ~i!~~~t!~' .;. (~OW VARI~S) SET slt.- J <0 ....,. ........ . , 3.00 ACRES (130,..0 8Q.FT) 11.784 ACRES callO,.~a SQ.F1') bY V ~ ~~ II II . N: asr.u'02- W 655.09' ~?~ CP~ ~Q.J I ~9"~'~" ~O ~tQ~ ~.~ <0 \ 'o",<tv, ~ . ~O,""-c.,. '" . o.(.~' O~ O~ . 4. <t),1i~:iiU\f$-~!bQ;\j ~~~~~~"" 8.075 ACRE TRACT ,;. ~ Beinsa 8'.075 acr~'(3951310 ~q.ft,) -cract of land in 'the Town of La Port~..lY9l. 60,PS. 112 e:r-,seq. 'f'LC.D.R. L W. fl. ,Harri:s Su~\'ey,_ La Port..eJH~r:ris Count.:y. Texas. The 9.075 acre trac't. asau~veyed 'pY H. Carlos Sm~th, Enaineer:5 & Sl.lrvcyors. Ino., on Ap~11 22-26, 1986, 1~ more particularlY d~acribeQ by mete~ and b~u~~Q ~~ ,follow~: Bes~nnins at a 5/8 inch iron rod ~e~ on th~ East.. righ~-of- way line of St..~~e Hi&~way l~e at ~he Sou~h~e5~ corner of ~his, 9.075 ac~e 't.raot.. and the Northwe~t.. corner ot ~ha~ cer~a1~ 110 fee~ Hide, Harr18 ,CoQntv Flood Cont~ol Di:5trlQ~ Drainage EasemQn~ ,(Vol. ~6'2r PI.. .439, H.C.D.R.).. ;', Thence, in a Nort.herl~ d1t'e.ct.ion; coincid~nt. wi"t-h the East risht-ot"way lin& of StAte H1shwo.y l.-4Sj following A c\t'rvc:s kO 't.he lef~; ~aid curV6 having a cen~ral angel-of 4deg~&e~ ~7 m1nut~g 25 5econds. A radius of 5906.03 teet~ chora bearing and d1~'t.ance of Nor~h t6 de&ree~ 26 minutes 42 ~eco~qs Eas~ a dis~ance of 493.62 fee't.i,fo~ a total arc distance of ~93.J8'feet 1:.0 a 5/8 inch ~ron rod flet for ~he Nor~hHe5~ corner of 't.nis 9.075 acre 'trll.ct. Thence,' South 89, degrees 44minu~es 02 second9 Ea:n. i colnc1df:n~ wj.th 't.he SQu'th bo\:mdary l1ne ot P~rcel 8 (8.754 acre , trElct.); a dia'tanco' 0: 655.09 teet "too a 5/8 it~ch iron' rod Set i or 'the Nort.he~a,'t c:ort1~r of t.his 9.075 6ore' .tr~c't. ,Thence. Sou,th 12 degrees 65 m1nu't.&8 28 see-on-de 'Weet; co1ncident wi't.h t.he W~.st., bQl.lnd6..ry lir~6 of 'that. c.;rt.a.1n City of La Port.e Bay forc~t Golf Cour~e Trac't. III (69.35'acr~s) (H.C.C.F~ No. K78474l); a,4i~t~noe of 773.78 feet. to a 5/8 1nch. 1ron ro4 found for ~he Sou~neQ5~ corner of thi~ 9.075 aore ~rQct. Thence, Nor'th 35 degrees '34 mlnu'tea 35 second:s We~t.; coincident. with 1:.he No~t.h right-af-way line of 5~id 110 'fee't. Harri5 C~un~y Flood Con~rol Dis~rict Drainage Easement~ a distance of 101.50 feet to a 5/8 1nch iron rod f(?und for corl'\E':r.. Thenoe I N.orth70 degree,s 19 min~"te5 18 :5econd~ West.; .coincident w1~h the Nor~h right-of-way line of 5a1d 110 ~eek Harr1s Caun~y Flood Control Dletriat. DrainaS6 Ea5ement: a, dist.ance.of'S97.S0 feet. 'too the 'POINT OF BEGINNING. KEVIN A. OLSON TEXAS REGIS1ERED PUBLIC SURVEYOR NO. 45~4 DATE~ . MAY.12, 1988 JOB NO: 2189-88 Iti!:l~h."' Jii}cf.~i\~<')-J;\" ."'1A'n~a;j;;i~;.:::-iJ;-f.~~ 20.119 ACRE'TRACT ~ein~a,.J~J(atl acre ( 87~ J 392 :sq. f~.} "tract of" land in tllThe.... W. P. Harri"s'Su;V~y.,~Qj"" La. Por'te... Harris Coun't.y, T~xas. <;; 20.119 acre t.rac:t.Zis:suryeye:d by H. Carlos SfUi"Ch. E'ng!neers & Surveyors"ItlcF<ik(jp.Aprili"22 - May 27. 1988, l.s.more ~ar'ticularly de5cri~e-d. by~e'~;~~r~~bou.ndS as ,follOWS: " " "BeginninS',~tia".~Qncre't.e . hig'h'HBY monument ('t.op broken' off) found In&t'k1:ns t.Be~ort.hriliht-of-wQY lltJe of McCab6 Road and the East right.-Qf>..way.li'ne.,of 5t.at~ Hie;hway 146; said pQ1.nt belng 't.h~ Sou"th~est. cQr~E:;.r~f ,th~.5 20.119 acrE: tract.. Thence. North 23 degrees 27 minutes 22 seconds EEls't: coincident.. w1th..'t}}e East. rigp't.-of-Ray 11neo.fStQ't.e Highway 146; a di5tance .of'lOS.52 teet (Call 708.06 feet) to ,6. concrete highway monumen't.. "~ound for a poin'\:- of Cllrvature. Thet~ce\ in.~ Northt;rly direction; coincident. wlth 'the EEl5t:. right-of"-way line of S~a'ie fU,ghway 146 i tolJo~ing a r~on-tang6nt. curve: to 't.heleft; :said curve having a cer.'t.ral angle ot 13 dt;:grees 31 minutes 23 ~econd5, a radius of 5906.03 feet., chord bearing and d1s~anC6 of Nort.h 21 degre~5 40 minutes 08 s~conds EQ~t- 363.10 feet:.; for an arc dis't.ance: of 363.15 reet:. to a 5/8 inch iron rod set for "the Nor"thweat corner of t:.his 20.119 acre "tract.. Thence. SQuth 70 degrees 19 minutes 18 seconds E~5't; coincident:. with the SOQth r1ght.-of-way line: at ~hat cE:r~ain 110 feet -wide HElrris Courft.)r' Flood Control District. Drainage Eagement:. (Vol. "6642, Pe;. 439, R.C.D.R:); a d15t.ance of 562.61 fee't 'to 'a 1/2 inch iron rod ae~ for corner_ Thence, SQu~h 35 degree~ 34 minutes 35 seconds E~st; colr..ciden-r. ~1th the We5t righ"t.-o:f-way lin-e of ~aid 8arris Coun-r.y Flood Con't~ol" D1!5'tr1ct Drainage ~ase:mf:Tl1:.; a di.s'tance of 651.96 feet to a 1/.2 inch iron rod set. fOol' cornEir. Thence. Sou't.h 0 Qegrees 41 minu't.es 15 s~cond5 E&s~; co~ncidf:nt wi~h ~he West ri&h~-ot-~ay line of saiq Barrie County Flood'Cont..rol Distriot.. Dral~age Eas~men~; a ai~t~nce of 26~<87 tce~ ~oa 1/2 inch iron rod' S&t. tor ~he SDu'theasT. corner ot ~his 20.119 acre "tract. Thence. Nor-r.h 89 degrees '49 minutes 39 ~6conds Wf:s"t.j cQinci.dent. li1-:t.h "trJe Nor't.h r1.8ht..-of-Hay l1r4c of McCaoe Road i a di5ta~ce of 1327.60 f~~~ ~o ~he POINT OF BEGINNING. IA J 01 " ~ .W~~ .. --. KEVIN A. OLSON TEXAS REGISTERED PUBLIC $URVEYOR NO. 4524 .DATE: ~AY 27. 1968 JOB flO:' 2189-88 . " ~li\';,ti~t~""",,1..\lo;:_ ~n-.R\:ii-~'i:.:.~~~ ,4.973 ACRE TRACT ./' 4 ", Beins a 4.873 acre (216J625~q.ft.) tr~c~ of l~nd In ~he W~ P. Harris Survey. ~~~ La 'Po~~e, 8arr15 County, Texas. The 4.973 ac~e ~rac~ a~ surveyed. by H. Carlo5 Sm1~h, Eni1ne6rs & SurveYOr5 I Inc.. on April 22-26. lSBB I, is more pal"'t1cularlY aescribQQ by me~ea a~d'bounQ~ as follows: . !3es1nning at. .& 5/8 inch l:ron rod found on "the North/right-ot- way line of HcCabe Road at the Sou~h~e5~corner of ~hi5 4,973 acr~ tract and the Southeas~ corner of ~ha~' c~r~ain 11Q feet wid~ Harris CQunty: Flood ton~rol District Dra1nase Ditch Easeme~t (Vol. 6842, rS. 439, H.C.D.R.). I 1 _ Thence I NQr.th 0 degrees 41 rn1T!ut.e~f 15 seconds West; coincident ~l:th t.he East. r1sh-t-ot-way line otsa1d H. C. F. C. D. Prai~~ge P~tch EQ.sement~ a di~~anc6 of 300.02 ~ee~ ~o a 5/8 inch iron rod ~e~ for ~he Nor~hwes~'corner of this 4.973 acre .trac~. Thence. South 8S degree~ 49 minutes 39 seconds Eas~i ~o1~c1den~ ~i~h~he Soutn bo~ndary line of that certain Ci~Y of La Por't.e Bay Forest Golf. Course Tract III (89.35 acre,s) (H.C.C.F. No. K7B474t); passing A't. 4.56 feet'a 5/8 inch iron rod found on- line: tor a tot.al dis.t.ance o.f 724, 58 te~t t.o' a 5/8 inch iron rc.ld found for ~he'No~t.hoa~t corner of 't.nis 4.973 aQ~e t.ract. \ . ' . Thence, South 0 degrees 15 mix-Jut.es 09 seconds Wes'C; coincident with the We~t boundary 11n~.of Forest V1e~. Mob11e Home P~rk <1a.bandon6d. Tidewooc1 St1bdivision Sectlotl Orled (Vvl. 66 I Fg. 61, H,C.M..R,); 'a dist.ance of SOQ,QO feet-"to !\ 1/2 lnch 1:ror. rc..d found 'for t.he Southea~t. corri6r 'of thi~ 4.973 acre trac~. Thence. North 89 degrees 49 m1nU~6S 39 ~eco~d~ West~ coincidGn~ with 'trhe North right-of-way line of McCal>e Ro'ad; a d1.~!-tlnc.e of 719.64 .feet; 'to 'f.'he POINT O~ BEGINNING. . . -- KEVIN A. OLSON TEXAS REGISTERED PUBLIC SURVEYOR NO. PATE'; MAY 12; 1988 . JqB NO: 2189-8.8 4524 tr?-lQf!laWiar~1Ilf . >>fE.ST=~bCI."'4Ab"'-=:lII(~... . ,~()r'HAAR1S!'. . -f!&Uit1.llf AIIIt.............; . =.,~.-..== . ..~I~-.... . . Ne..._.......... . APR ....8 2003 e · ~.Q'~ ..i/ * . " . COUJnov C&.IAf( ". HAARts COuHrY. ~ r;' L I L 1(2'0 jl eXn{~/.f 0 c=J ti 1 . I r \ r-----1!!L~ROAD / .-- fA,qc~ t... II P""'I - - - 7 ..-. . VICINI:!! 1lAf> ! { fl . LAKES AT . FAIRMONT GREENS' A -..g;,j,"";t::.a t1F ..... ..,p.. ..... 8UFNEf, "..30 NfO~~=V~ tWIIII ~. 1IXAS ~.... -.-- . I......... . -_. iIGIII......-.- ~. ~~-.:-.,:;.. SCHEDULE A LA PORTE TIRZ NUMBER ONE Arete Residential Buildout Schedule 2006 2007 2008 2009 2010 2011 c g 5 g j g c g c Q' c g 0 0 0 ~ .. 1; .. "" ..... " .. 4> " " .. ... .. .. 5 ::J i ::J i ::l i ::l 5 ::l S .3 ~ 'iii ~ ~ ~ lIS <II > '" .. > c c c c 5 c 0 ! 0 ~ 8 ~ 0 "<J "<J 0 '0 () !J () f 0 f 0 f .. i3 .. 3 ~ 3 .. 3 .. .a .. .a S Q. g Q. ~ E Q. E Q. E Q. lIS .. 0 lIS 0 lIS 0 lIS Residential Project Values :;: 0 :J: 0 :J: 0 :J: 0 :c 0 x I.) Residenllal (411 Homes) 15 $ 3,750 100 $ 24.900 100 $ 24,900 100 $ 24,900 97 $ 24,300 Total Home Sales I 15 100 I 100 100 97 I 01 411 Total Caplured Value I $3.750 $24,900 I $24,900 $24,900 $24.3001 $0 $ 102,750 Nl'!lQ: 1. Captured value is pnlsenlQd in thousands of dollars. Lakes @ Fairmont Greens Projected. Assessed Valuations SCHEDULE C Senior ResidenUal CiUzens Exemption Tax Residentla1 Irn:remental No. of Cum. Number City County Drain 01514 Projected Roll Assessed Assessed Homes No. of of Eligible Exemption Exemption Exemption Commercial Taxable Jan 1 VeluaUon VaJuarlOn Added Homas Homes (1) Amount (2) Amount (3) Amount (4) Valuation ValuaUon 2004 $ 0 0 $ 2095 $ 0 0 $ 2006 $ 3.750,000 $ 3,750,000 15 15 $ 3,750,000 2007 $ 25,000,000 $ 28,750,000 100 115 $ 28,750,000 2008 $ 25,000,000 $ 53,750,000 100 215 $ 53,750,000 2009 $ 25,000,000 $ 78,750,000 100 315 $ 78,750,000 2010 $ 24,000,000 $ 102,750,000 96 411 $ to2,750,OOO 2011 $ . $ 102,750,000 0 411 $ 102,750,000 2012 $ - $ 102,750,000 0 411 $ 102,750,000 2013 $ - $ 102,750,000 0 411 $ 102,750,000 2014$ - $ 102,750,000 0 411 $ 102,750.000 Total $ 102,750,000 411 I Lakes @ falrmont Greens Projected Debt Service and Devetoper Reimbursement SCHEDULE D Tax Coil. PID PIC Year Year Rate Collectlon Admin Net 2004 2005 $ - $ - 2005 2006 $ - $ - 2006 2007 $. 0.20000 $. 7,500 $. 413 $ 7,088 2007 200ll $. 0.20000 $ 51,500 $. 3,163 $. 54,338 2008 2009 $. 0.20000 $. 107,500 $. 5,913 $ 101,588 2009 2010 $. 0.20000 $. 157,500 $. 8,663 $. 148,838 2010 2011 $. 0.20000 $. 205,500 $ 11,303 $. 194,198 2011 2012 $ 0.20000 . $ 205,500 $. 11,303 $. 194,198 2012 2013 $. 0.2??oo $ 205,500 $. 11,303 $. 194,198 2013 2014 $. 0.20000 $. 205,500 $. 11,303 $ 194,198 2014 2015 $ 0.20000 $. 205,500 $. 11,303 $. 194,198 2015 2016 $ 0.20000 $. 205,500 $ 11,303 $. 194,198 2016 2017 $. fl.20ooo $. 205,500 $ 11,303 $ 194,198 2017 201e $. 0.2??oo $ 205,500 . $ 11,303 $ 194,198 2015 2019 $. 0.20000 $. 205,500 $ 11,303 $. 194,198 2019 2020 $. 0.20000 $. 205,500 $ 11,303 $ 194,198 - 2020 2021 $. a.20ooo $. 205,500 $ 11,303 $ 194,198 2021 2022 $ 0.2??oo $ 205,500 $. 11,303 $. 194,196 2022 2023 $ 0.20000 $. 198,000 $. 10,590 $ 187,110 2023 2024 $ 0.20000 $ 148,000 $ 8,140 $ 139.860 2024 2021 $ 0.2??oo. $. 98,000 $. 5,390 $ 92,610 2025 2026 $ 0.20000 $ 48,000 $ 2,640 $. 45,360 2026 2027 $. 0.2??oo $. - $. . $ - 2027 2028 $ 0.2??oo $ - $. . $ - 2028 2029 $. 0.20000 $ - $ . $ . 2029 2030 $ 0.20000 $ - $. . $ - 2030 2031 $ 0.20000 $ . $ - $ . 2031 2032 $ 0.20000 $ - $ . $ - 2032 2033 $ 0.20000 $ - $ . $ - 2033 2034 $. 0.20000 $ - $. . $. . 2034 2035 $ 0.20000 $ . $ - $ - 203! 2030 $. 0.20000 $ - $ - $. - 2036 2037 $ 0.20000 $ - $ ~ $. - $ 3,288,000 $ 180,840 $ 3,107,180 1 2 3 4 5 6 7 a 9 1{} 11 12 13 14 15 16 17 18 19 20 Oevelocer Advances Advance Rate In!eresl $ - 7.50% $ . $. 30,000 7.50% $. 2,250. $ 431,389 7.50% $. 34,m $ 431,389 7.50% $ 36,849 $ 431,389 7.50% $. 67,892 $ 431,389 7:50% $. 97,719 $. . 7.50% $. 1211,239 7.50% $ 121,142 7,50% $ 115.663 7.50% $. 109,773 7.50% $. 103,441 7.50~ $ 96.635 7.50% $. 89,317 7.50% $. 81,451 7.50% $ 72,995 7.50% $ 63,905 7.50% $. 54,13:> 7.50% $ 43,628 7.50% $. 32,336 7.50% $ 20,728 7.50% $. 11,793 7.00% $ 5,731 7.50% $ . 7.50% $ . 7.50% $ - 7.50% $ - 7.50% $ - 7.50% $ - 7.50% $ - 7.50% $ - 7.50% $ - 7.50% $ - 6.75% $ - $ 1,755.556 $ 1,388,394 Rsimllursament or Devalo""r Advances Advance Balance Annual Paym<mts Principal Paymenls $ . $ - $. 32.250 $ - $ 498,412 $. 7,088 $ 959,562 $ 54,338 $ 1.4Q4.,506 $ 101,588 $ 1,832,Q26 $ 148,838 $ 1,809,428 $ 194,198 $ 1,736,373 $ 194,198 $ 1,657,838 $ 194,198 $ 1,573,414 $ 194,198 $. 1,482,658 $. 194,198. $. - $ 1,385,095 $ 194,198 $ 1,280,214 $. 194,198 $ 1,167,488 $ 194.196 $ 1,046,266 $ 194,198 $ 915.974 $ 194,198 $ 775,909 $ 194,j98 $ 625,340 $ 194,198 $ 463,475 $ 187,110 $ 297,096 $ 139,860 $ 169,0'29 $ 92,610 $ 82,150 $ 45,360 $ 36,790 $ . $ - $ - $ . .$ - $ - $ . $ - $ - $ - $ - $ - $ - $ . $ . $ - $ . $ - $ - $ - $ - $ 3,107,160 $ - Reimbursement $ 3,107,11l0 La Porte PID Costs Total Project Costs Total Financing Costs Total Interest TOTAL COSTS Residential Total Residential Reimbursement - Capital Costs Supplemental Services Effective Tax Rate City Net Taxable (HS) Annual Cost per Home Total ~r Cost [Ir Home I Total rs at 411 /-lames City of La Porte Harris County & Related Entities La Porte I.S.O. San Jacinto College Plo - Capital Costs Plo '7' Supplemental Service$ TOTAL 15 Year $1,755,556 $0 $1,388,394 $3,143,950 $3,143,950 $0.20 per $100 $250,000 $510 $7,650 $3,143,950 $1,755,556 $0 $1,388,394 $0.120 per $100 $250,000 $300 $4,500 $1,849,500\ 2005 Tax Rate 0.7100 0.6463 1.7400 0.1500 0.2040 0.1200 3.5703 PID Reimbursement - Capital Costs Res. Reimb - 15 Pro'ect Costs Financin Total P & I 1,755,556 $ 1,388,394 $ 3,143950 Homes Cost er home Costihome er ear 411 $ 7,649,51 $ 509,97 Residential Reimbursement .15 Y'f Yr 2006 Homes 2007 Homes 2008 Homes 2009 Homes 2010 Homes TOTAL # 15 , 100 100 100 97 411 2006 $ 7,650 $ 7,650 2007 $ 7,650 $ 50,793 $ 58,442 2008 $ 7,650 $ 50,793 $ 50,193 $ 109,235 2009 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 160,028 2010 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 49,569 $ 209,597 2011 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 49,569 $ 209,597 2012 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 49,569 $ 209,597 2013 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 49,569 $ 209,597 2014 $ 7,650 $ 50,793 $ 50,793 $ 50,193 $ 49,569 $ 209,597 2015 $ 7,650 $ 50,793 $ 50.793 $ 50,793 $ 49,569 $ 209,597 2Q16 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 49,5()9 $ 209,597 2017 $ 7.650 $ 50,793 $ 50,793 $ 50,793 $ 49,559 $ 209,597 2018 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 49,569 $ 209,597 2019 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $' 49,569 $ 209,597 2020 $ 7,650 $ 50,793 $ 50,793 $ 50,793 $ 49,569 $ 209,597 2021 $ 50,793 $ 50,793 $ 50,793 $ 49,569 $ 201,947 2022 $ 50,793 $ 50,793 $ 49,569 $ 151,154 2023 $ 50,793 $ 49,569 $ 100,362 2024 $ 49,569 $ 49,569 TOTAL $ 114,743 $ 761,892 $ 761,892 $ 761,892 $ 743,533 $ 3,143,950 $ 3,143,950 AMORTIZATION SCHEDULE Lot Square Footage 7,500 PID Rate per Square Foot $0.0680 Duration (in years) 15 Interest Rate 7.00% Annual PayDlent Amount $510.00 Total Lifetime PayDlents $7,650.00 Total Principal $4,645.04 Total Interest $3,004.96 Principal Y~ar Payment Principal Interest Payment Balance $4,645.04 2007 1 $184.85 $325.15 $510.00 $4,460.19 2008 2 $197.79 $312.21 $510.00 $4,262.40 2009 3 $211.63 $298.37 $510.00 $4,050.77 2010 4 $226.45 $283.55 $510.00 $3,824.32 2011 5 $242.30 $267.70 $510.00 $3,582.03 2012 6 $259.26 $250.74 $510.00 $3,322.77 2013 7 $277 .41 $232.59 $510.00 $3,045.36 2014 8 $296.82 $213.18 $510.00 $2,748.54 2015 9 $317.60 $192.40 $510.00 $2,430.94 2016 10 $339.83 $170.17 $510.00 $2,091.10 2017 11 $363.62 $146.38 $510.00 $1,127.48 2018 12 $389.08 $120.92 $510,00 $1,338.40 2019 13 $416.31 $93.69 $510.00 $922,09 2020 14 $445.45 $64.55 $510.00 $476.64 2021 15 $476.64 $33.36 $510,00 $0.00 TOTAL $4,645.04 $3,004.96 $7,650,00 If you wish to express your position 011 an it~m(.f}(~tc~.;~~~~.9~t~~~~tll;~.~g;~~~{l, pleaS~iiGompletg-:th.i~ifQr11J.i~l'h'~flkyo u! Date: hJIZ,IOb '"0 e. Y' "" C( V c/ Lv ~ vcr I/(ci '3 II ') L otj ~ ( u V0L~ Name: Address: City, State Zip: [f). (7 '-"'- \ c}-'l k l"i 1- 7- )1/ Telephone # /2 8 /) 4 7- /.- 2 ~ 3 2-. Agenda Item which I wish to express my position: lAM FOR AGAINST ....ITEM#<<I..() 9<0 r~"J~ t;- i:I& pia V1 I I WISH TO SPEAK AT CITY COUNCIL MEETING . I V- I DO NOT WISH TO SPEAK AT CITY COUNCIL MEETING I TQ spea. k.......a(afllture .meeting)'ou must have.:your.nam.. e. and . suo b....ijec...........t.. p....o........s.........t......e............d...... o..-n:.....t h.'. e......a...........g...... e....in... 'da' ,............p ie.a.... s e...... '.' c......-.o:...n. ta. c..tth e .. ". '. ". , ,"-' ..' - . .,'-. ,. -', . .... . City .Secretary's Office 'at 281-471-5020,ext5022. 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L 7.- c: Agenda Item which I wish to express my position: I AM FOR AGAINSTITEM# (' ~~-&Y1- ~ Z;; S-r.:-- ~ VIM / I WISH TO SPEAK AT CITY COUNCIL MEETING v~ I I DO NOT WISH TO SPEAK AT CITY COUNCIL MEETING To..sp(!ak,~tll(ut~~e1tle-etin~:rQll:'l'l!.~.~.. h.~vlJY()lIr name. and .......8.. ".bl....ec.........t... p.. ..'........O........s..'. t.....e......d"...o...... n. .......... tfl.e.. ,...ra... g.........l!.'ltl.. il.,........ p. Ie.. as,e. \fO..... n...........t..a......c......t.th. e. eity.Se~J:~{t!ry's'.()ffic{!;~atf;~~J;.4Z1-$fJ20,......~(....5022. S:\CSOShare\forms\Person wishing to speak at CC.doc