Ordinance No. 12,730ORDINANCE NO. 12,730
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, EXCLUDING LAND FROM REINVESTMENT ZONE NO. ONE,
CITY OF BAYTOWN, TEXAS; INCLUDING LAND WITHIN THE ZONE;
EXTENDING THE TERM OF SUCH ZONE; APPROVING AN
AMENDMENT TO THE PROJECT PLAN AND REINVESTMENT ZONE
FINANCING PLAN OF THE ZONE; CONTAINING VARIOUS PROVISIONS
RELATED TO THE FOREGOING SUBJECT; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
WHEREAS, the City Council of the City of Baytown passed Ordinance No. 9197 on
August 9, 2001, which created Reinvestment Zone No. One, City of Baytown, Texas, (the
"Zone") for the purposes described therein, and subsequently approved a Project Plan and
Reinvestment Zone Financing Plan with respect to the zone, as well as the annexation of land
into the zone; and
WHEREAS, the City Council of the City of Baytown approved the Restated And First
Amended Project Plan And Reinvestment Zone Financing Plan, as amended (the "Plan"), for the
Zone; and
WHEREAS, the Board of Directors of the Zone has requested, to better implement the
Plan, that the City Council exclude certain land from the Zone boundaries on the basis that the
excluded land will not benefit from inclusion in the Zone and the improvements and financing
contemplated by the Plan will be enhanced by the exclusion of such land from the Zone; and
WHEREAS, the City Council concurs in such recommendation; and
WHEREAS, the exclusion of such land from the Zone is in accordance with applicable
law, including the applicable provisions of Sections 311.006 and 311.007, Texas Tax Code; and
WHEREAS, the Board of Directors of the Zone has further requested, to better
implement the Plan, that the City Council extend the term of the Zone, as provided in Section
311.007(c), Texas Tax Code, to December 31, 2045, to allow additional time for the
implementation of the Plan, and the City Council concurs in such recommendation; and
WHEREAS, the City Council wishes to add certain areas in the Zone that are located
wholly within the corporate limits of the City and are contiguous to the existing boundaries of
the Zone, and that improvements in the Zone as enlarged will significantly enhance the value of
all the taxable real property in the Zone and will be of general benefit to the City; and
WHEREAS, the City Council finds that the areas proposed for addition to the Zone are
unproductive, underdeveloped and blighted, and, additionally, meet the requirements of Section
311.005, Texas Tax Code, because the area to be added substantially arrests or impairs the sound
growth of the City; retards the provision of housing accommodations; constitutes an economic or
social liability and is a menace to the public health, safety, morals and welfare in its present
condition and use because of the presence of the predominance of defective or inadequate
sidewalk and street layout; faulty lot layout in relation to size, adequacy, accessibility or
usefulness; are predominantly open or undeveloped and, because of obsolete platting,
deterioration of structures or site improvements, or other factors, substantially impair or arrest
the sound growth of the City; and
WHEREAS, less than 30 percent of the property proposed to be added to the Zone,
excluding property dedicated to public use, is used for residential purposes as defined in Section
311.006(d), Texas Tax Code; and
WHEREAS, the total appraised value of taxable real property in the enlarged Zone and in
any other existing reinvestment zones does not exceed 50 percent of the total appraised value of
taxable real property in the City and in any industrial districts created by the City; NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: The findings contained in the preamble to this ordinance are declared to be
true and correct and are hereby adopted as part of this ordinance.
Section 2: The land described in Exhibit A attached hereto is hereby excluded from
the boundaries of the Zone.
Section 3: The land described in Exhibit B attached hereto is hereby included in the
boundaries of the Zone.
Section 4: The term of the Zone is hereby extended until December 31, 2045.
Section 5: The Plan for the Zone is hereby amended as shown in Exhibit C attached
hereto.
Section 6: The appropriate City officials are authorized and directed to take all
actions reasonably necessary to implement the terms of this ordinance.
Section 7: 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 held
to be unconstitutional, void, or invalid, the validity of the remaining portions of this ordinance or
their application to other persons or sets of circumstances 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 unconstitutionality,
voidness, or invalidity of any other portion hereof, and all provisions of this ordinance are
declared to be severable for that purpose.
2
Section 8: This ordinance shall take effect immediately from and after its passage by
the City Council of the City of Baytown.
INTRODUCED, READ AND PASSED by the
City of Baytown this the 11`h day of December, 2014.
ATT .
LETICIA BRYSCH, City 6i4k
APPROVED
'ASS TO FORM:
e���
GI ACID RAMIREZ, SR., City A o ey
S
vote of the City Council of the
DONCARLOS
Ri\KarenTilemCity Council',Ordinances\2014December 11'TIRZ Ordinance.doc
3
Exhibit "A"
Boundary Description
TIRZ No. 1— Exclusion of San Jacinto Mall Property
City of Baytown, Harris County
The area to be excluded from the City of Baytown Tax Increment Reinvestment Zone No. 1 is
approximately 112 acres in size and is situated at the southwest corner of the intersection of Interstate
Highway 10 East and Garth Road Right-of-way (ROW).
With the point of beginning being the southeast corner of 12.4302 acre tract (ABS 899 W. C. RR. CO.
JACINTO MALL TR C) and west ROW of Garth Rd.;
Then generally west along the south boundary of said 12.4302 acre tract to southwest corner of said
tract;
Then generally north along the west boundary of said 12.4302 acre tract to coincident southeast corner
of 2.5 acre parcel (SAN JACINTO MALL LT D);
Then generally west along south boundary of said 2.5 acre parcel, and 14.92 acre parcel (SAN JACINTO
MALL LT F) to southwest corner of said parcel;
Then generally north along west boundary of said 14.92 acre parcel, and 38.453 acre tract (SAN JACINTO
MALL R/P TR 1) to northwest corner of said 38.453 acre tract and coincident south boundary of 20.5195
acre tract (HIGHLAND FARMS TR61A-2 BLK 19);
Then generally east along north boundary of said 38.453 acre tract, and south boundary of said 20.5195
acre tract, and 3.261 acre tract (HIGHLAND FARMS TR 61B BLK 19) to southeast corner of said 3.261 acre
tract;
Then generally north along east boundary of said 3.261 acre tract to northeast corner of said parcel and
south ROW of Interstate Hwy 10 East Frontage Road (eastbound) and coincident northwest corner of
0.752 acre parcel (ABS 1472 G. C. DAVIS SAN JACINTO MALL R/P LT K);
Then generally east along south ROW of Interstate Hwy 10 East Frontage Road (eastbound) and north
boundary of said 0.752 acre parcel, and SAN JACINTO MALL TRS J, J3, J2, J1, Lots E and A, and 0.966 acre
parcel (ABS 1472 G. C. DAVIS CHILIS RESTAURANT AMEND RESERVE), and 0.9926 acre parcel (SAN
JACINTO MALL LT Al) to north corner of 0.9926 acre parcel (SAN JACINTO MALL LT A1);
Then southeast along north boundary of said 0.9926 acre parcel to northeast corner of said parcel and
west ROW of Garth Road;
Then generally south along west ROW of Garth Rd, and east boundary of said 0.9926 acre parcel, 1.0414
acre parcel (ABS 1472 G. C. DAVIS JOHNNY CARINOS RESTAURANT AMEND), 0.9904 acre tract (SAN
JACINTO MALL R/P TR 1-2), 38.453 acre tract (SAN JACINTO MALL R/P TR 1), 9.8 acre tract (SAN JACINTO
MALL LT B), 0.9904 acre parcel (ABS 899 W. C. RR. CO. TEXAS ROADHOUSE BAYTOWN LT 1 BLK 1), to
southeast corner of 12.4302 acre tract (SAN JACINTO MALL TR C) and point of beginning of 112 acre
tract;
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City of Baytown TIRZ No. 1
2014 Amendment
Note: San Jacinto Mall Property (ur) to be excluded
Exhibit "A," cont.
annexed.
8of11
City of Baytown TIRZ No. 1
2014 Amendment
* A
0 200 400 Feel
I i
to be
Exhibit "B"
Boundary Description
TIRZ No. 1— Addition of 45 acre tract
City of Baytown, Harris County
The area to be included in the City of Baytown Tax Increment Reinvestment Zone No. 1 is approximately
45 acres and is located 1,220 feet south of the intersection of John Martin Road and Interstate Highway
10 East (eastbound) Frontage Road Right -of -Way (ROW).
With the point of beginning being the northwest corner of 90.6741 acre tract (ABS 899 W.C. RR. CO.
HIGHLAND FARMS TR 61E BLK 19) and east ROW of John Martin Rd.;
Then generally east along north boundary of said 90.6741 acre tract to northeast corner of said tract and
west boundary of City of Baytown TIRZ No. 1;
Then generally south along east boundary of said 90.6741 tract and west boundary of City of Baytown
TIRZ No.1 to south easement of drainage channel (trib. to Goose Creek);
Then generally west along south easement of drainage channel (trib. to Goose Creek) and City of
Baytown TIRZ No. 1 Boundary to east ROW of John Martin Rd. and west boundary of said 90.6741 acre
tract;
Then generally north along east ROW of John Martin Rd., and west boundary of said 90.6741 acre tract
to northwest corner of said tract and point of beginning of approx. 45 acre tract;
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City of Baytown TIRZ No. 1
2014 Amendment
Exhibit "B," cont.
Map Exhibit
San Jacinto Boulevard Right -Of -Way
City of Baytown, Harris County
r w��„'rt.ruer+ixm
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K
10 of 11
City of Baytown TIRZ No. 1
2014 Amendment
Exhibit C
Amendment to the Plan
Exhibit "C"
TAX INCREMENT REINVESTMENT ZONE, NUMBER ONE
CITY OF BAYTOWN
December 2, 2014
2014 AMENDMENT TO THE PROJECT PLAN
AND REINVESTMENT ZONE FINANCING PLAN
Page
PROJECT PLAN
I' Existinguses and conditions of real roe 3
property rty within the area of the Zone
Map of original zone with mall property area of exclusion, and 45 acre addition 4
11. Proposed changes in zoning ordinance, master plan of the municipality, building codes 5
and other municipal ordinances
III. List of estimated non -project cost items 5
REINVESTMENT ZONE FINANCING PLAN
I. A detailed list describing the estimated projects of the Zone, including administrative 5
expenses
if. A statement listing the kind, number and location of all proposed public works or 5
public improvements in the Zone
III. The estimated amount of bonded indebtedness to be incurred 5
IV. The time when related costs or monetary obligations are to be incurred 5
V. A description of the methods of financing all estimated project costs and the expected 5
sources of revenue to finance or pay project costs, including the percentage of tax
increment to be derived from the property taxes of each taxing unit that levies taxes
on real property in the Zone
VI. The current total appraised value of taxable real property in the Zone 6
VII. The estimated captured appraised value of the Zone during each year of its existence 6
VIII. Duration of the Zone 6
IX. Appendix A (boundary description and map of area to be excluded) 7-8
X. Schedule A g
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City of Baytown TIRZ No. 1
2014 Amendment
2014 AMENDMENT
PROJECT PLAN
This is an amendment to the Amended and Restated Project Plan and Reinvestment Zone Financing
Plan as amended (the "Plan") for Reinvestment Zone No. One, City of Baytown, Texas ("Zone").
Except as amended hereby, the Plan remains in full force and effect.
I. EXISTING USES AND CONDITIONS OF REAL PROPERTY WITHIN THE AREA OF THE ZONE
The Zone consists of property located in the general vicinity of the intersection of Interstate 10 and
Garth Road. Existing development within the Zone consists of residential and commercial/retail
development including the San Jacinto Mall. The Zone was enlarged in 2012 under the 2012
Amendment to the Plan to include land located east of Sjolander Road and north of Interstate 10. The
enlargement area was developed as a Chevron Phillips chemical plant including improvements to
Sjolander Road.
The below map shows existing conditions of the Zone.
The purpose of this 2014 Plan Amendment is to exclude property from the Zone due to declining
property values that are having a detrimental effect to the Zone, add 45 acres of undeveloped land
along John Martin Road, add San Jacinto Boulevard right-of-way, and extend the life of the Zone through
3of11
City of Baytown TIRZ No. 1
2014 Amendment
year 2044. The excluded property will comprise the entirety of the San Jacinto Mall as described in the
below map. The 45 acres of undeveloped land and right-of-way to be added to the Zone is also shown.
CITY OF BAYTOWN TIRZ 1
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4of11
City of Baytown TI RZ No. 1
2014 Amendment
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City of Baytown TI RZ No. 1
2014 Amendment
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PROPOSED CHANGES IN ZONING ORDINANCES, THE MASTER PLAN OF THE MUNICIPALITY, BUILDING CODES AND
OTHER MUNICIPAL ORDINANCES
There are no proposed changes to any city ordinance, master plan or building codes.
III. LIST OF ESTIMATED NON -PROJECT COSTS
There are no non -project costs.
REINVESTMENT ZONE FINANCING PLAN
A DETAILED LIST DESCRIBING THE ESTIMATED PROJECT COSTS OF THE ZONE, INCLUDING ADMINISTRATIVE EXPENSES
Estimated Project Costs
1. The construction of San Jacinto Boulevard from Interstate 10 south to Cedar Bayou -Lynchburg
Road at an estimated cost of $11,000,000 will be undertaken as part of this Plan amendment.
2. The construction of water, wastewater and drainage improvements for the development of the
45 acre addition at an estimated cost of $2,250,000 will be undertaken as part of this Plan
amendment.
II. STATEMENT LISTING KIND, NUMBER AND LOCATION OF ALL PROPOSED PUBLIC WORKS OR PUBLIC IMPROVEMENTS
IN THE ZONE
1. The construction of San Jacinto Boulevard at an estimated cost of $11,000,000 will be
undertaken as part of this Plan amendment as noted in Map 1 on page 4.
2. The construction of water, wastewater and drainage improvements at an estimated cost of
$2,250,000 will be undertaken as part this Plan amendment as noted on Map 1 on page 4.
III. ECONOMIC FEASIBILITY STUDY
By excluding property from the Zone, adding 45 acres and extending the life of the Zone for
thirty (30) additional years, the Zone will be better able to finance the construction of San
Jacinto Boulevard. Schedule A attached to this plan demonstrates economic feasibility (which
constitutes an economic feasibility study).
IV. THE ESTIMATED AMOUNT OF BONDED INDEBTEDNESS TO BE INCURRED
The amount of bonds and bonded indebtedness will be a function of the availability of Zone revenues as
estimated by Schedule A attached hereto.
V. THE TIME WHEN RELATED COSTS OR MONETARY OBLIGATIONS ARE TO BE INCURRED
5of11
City of Baytown TIRZ No. 1
2014 Amendment
It is estimated that San Jacinto Boulevard will be constructed in 2015 at which point the Zone would
have incurred a monetary obligation associated with this plan amendment. Improvement on the 45
acre tract will be constructed as development occurs.
VI. A DESCRIPTION OF THE METHODS OF FINANCING ALL ESTIMATED PROJECT COSTS AND THE EXPECTED SOURCES OF
REVENUE TO FINANCE OR PAY PROJECT COSTS, INCLUDING THE PERCENTAGE OF TAX INCREMENT TO BE DERIVED
FROM THE PROPERTY TAXES OF EACH TAXING UNIT THAT LEVIES TAXES ON REAL PROPERTY IN THE ZONE
Description of the Methods of Financing
Financing will come through tax increment revenues from the City of Baytown and Harris County as
participants in the Zone. Tax increment bonds will be issued as determined by the City and the Zone
based on anticipated tax increment revenues.
Sources of Tax Increment Revenue:
The City of Baytown and Harris County will be participants in the Zone extension and will participate
according to the following table.
INCREMENT DEDICATED TO THE ZONE
Taxing Unit Tax Rate Dedicated
City of Baytown 100% of Tax Rate
Harris County 100% of General Fund Tax Rate
VII. The current total appraised value of taxable real property in the Zone
The total current appraised value within the Zone is $186,129,271. With the exclusion of the San Jacinto
Mall property, the total appraised value will be $156,045,107; however, the base value of the Zone will
be reset for 2015 — 2044 from $59,494,093 to the $14,045,855 taxable value of the Zone at its inception,
less the taxable value of the excluded property at the Zone's inception thus increasing the increment
value by a minimum of $6,364,063 in future years. Additionally, a 2014 Base Value of the 45 acre tract
of $358,942 will be added.
VIII. THE ESTIMATED CAPTURED APPRAISED VALUE OF THE ZONE DURING EACH YEAR OF ITS EXISTENCE
The estimated captured appraised value of the Zone attributable to this plan amendment is shown in
Schedule A attached to the rear of this document.
IX. DURATION OF THE ZONE
The Zone will be extended through year 2044.
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City of Baytown TIRZ No. 1
2014 Amendment
Appendix A
Boundary Description
TIRZ No. 1— Exclusion of San Jacinto Mall Property
City of Baytown, Harris County
The area to be excluded from the City of Baytown Tax Increment Reinvestment Zone No. 1 is
approximately 112 acres in size and is situated at the southwest corner of the intersection of Interstate
Highway 10 East and Garth Road Right-of-way (ROW).
With the point of beginning being the southeast corner of 12.4302 acre tract (ABS 899 W. C. RR. CO.
JACINTO MALL TR C) and west ROW of Garth Rd.;
Then generally west along the south boundary of said 12.4302 acre tract to southwest corner of said
tract;
Then generally north along the west boundary of said 12.4302 acre tract to coincident southeast corner
of 2.5 acre parcel (SAN JACINTO MALL LT D);
Then generally west along south boundary of said 2.5 acre parcel, and 14.92 acre parcel (SAN JACINTO
MALL LT F) to southwest corner of said parcel;
Then generally north along west boundary of said 14.92 acre parcel, and 38.453 acre tract (SAN JACINTO
MALL R/P TR 1) to northwest corner of said 38.453 acre tract and coincident south boundary of 20.5195
acre tract (HIGHLAND FARMS TR61A-2 BLK 19);
Then generally east along north boundary of said 38.453 acre tract, and south boundary of said 20.5195
acre tract, and 3.261 acre tract (HIGHLAND FARMS TR 61B BLK 19) to southeast corner of said 3.261 acre
tract;
Then generally north along east boundary of said 3.261 acre tract to northeast corner of said parcel and
south ROW of Interstate Hwy 10 East Frontage Road (eastbound) and coincident northwest corner of
0.752 acre parcel (ABS 1472 G. C. DAVIS SAN JACINTO MALL R/P LT K);
Then generally east along south ROW of Interstate Hwy 10 East Frontage Road (eastbound) and north
boundary of said 0.752 acre parcel, and SAN JACINTO MALL TRS J, J3, J2, J1, Lots E and A, and 0.966 acre
parcel (ABS 1472 G. C. DAVIS CHILIS RESTAURANT AMEND RESERVE), and 0.9926 acre parcel (SAN
JACINTO MALL LT Al) to north corner of 0.9926 acre parcel (SAN JACINTO MALL LT Al);
Then southeast along north boundary of said 0.9926 acre parcel to northeast corner of said parcel and
west ROW of Garth Road;
Then generally south along west ROW of Garth Rd, and east boundary of said 0.9926 acre parcel, 1.0414
acre parcel (ABS 1472 G. C. DAVIS JOHNNY CARINOS RESTAURANT AMEND), 0.9904 acre tract (SAN
JACINTO MALL R/P TR 1-2), 38.453 acre tract (SAN JACINTO MALL R/P TR 1), 9.8 acre tract (SAN JACINTO
MALL LT B), 0.9904 acre parcel (ABS 899 W. C. RR. CO. TEXAS ROADHOUSE BAYTOWN LT 1 BLK 1), to
southeast corner of 12.4302 acre tract (SAN JACINTO MALL TR C) and point of beginning of 112 acre
tract;
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City of Baytown TIRZ No. 1
2014 Amendment
Appendix A, cont.
.• Won# 1
i
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s '*
tF
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0 200 400 Feet
l 1 i Y
annexed.
8of11
City of Baytown TIRZ No. 1
2014 Amendment
Appendix A, cont.
Boundary Description
TIRZ No. 1— Addition of 45 acre tract
City of Baytown, Harris County
The area to be included in the City of Baytown Tax Increment Reinvestment Zone No. 1 is approximately
45 acres and is located 1,220 feet south of the intersection of John Martin Road and Interstate Highway
10 East (eastbound) Frontage Road Right -of -Way (ROW).
With the point of beginning being the northwest corner of 90.6741 acre tract (ABS 899 W.C. RR. CO.
HIGHLAND FARMS TR 61E BLK 19) and east ROW of John Martin Rd.;
Then generally east along north boundary of said 90.6741 acre tract to northeast corner of said tract and
west boundary of City of Baytown TIRZ No. 1;
Then generally south along east boundary of said 90.6741 tract and west boundary of City of Baytown
TIRZ No. 1 to south easement of drainage channel (trib. to Goose Creek);
Then generally west along south easement of drainage channel (trib. to Goose Creek) and City of
Baytown TIRZ No. 1 Boundary to east ROW of John Martin Rd. and west boundary of said 90.6741 acre
tract;
Then generally north along east ROW of John Martin Rd., and west boundary of said 90.6741 acre tract
to northwest corner of said tract and point of beginning of approx. 45 acre tract;
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City of Baytown TIRZ No. 1
2014 Amendment
Appendix A, cont.
Map Exhibit
San Jacinto Boulevard Right -Of -Way
City of Baytown, Harris County
J
K
O
s
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I
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10 of 11
City of Baytown TIRZ No. 1
2014 Amendment
Additional Additional
Taxable Value Taxable Value
Tax From Property From Property Cumulative
Roll Exclusion Inclusion Additional
)an 1 (De -Annexation) (90 Acre Prolett) Taxable Value 111
2013
5
S
5
2014
5
5
S -
2015
5 6,364,063
S
5 6,364,063
2016
S 6,459,524
5 13,500,000
5 19,959,524
2017
S 6,SS6,417
$ 27,000,000
5 33,556,417
2018
5 6,654,763
S 40,500,000 1
S 47,154,763
2019
5 6,754,585
5 54,000,000
5 60,754,585
2020
S 6,855,903
S 67,500,000
S 74,355,903
2021
S 6,958,742
S 68,512,500
S 75,471,242
2022
S 7,063,123
S 69,540,188
S 76,603,310
2023
S 7,169,070
S 70,583,290
S 77,752,360
2024
S 7,276,606
S 71,642,040
5 78,918,646
2025
5 7,385,755
5 72,716,670
5 80,102,425
2026
5 7,496,541
S 73,807,420
5 81,303,962
2027
$ 7,608,989
S 74,914,532
5 82,523,521
2028
5 7,723,124
S 76,038,250
5 83,761,374
2029
5 7,838,971
S 77,178,823
5 85,017,794
2030
5 7,956,556
5 78,336,506
S 86,293,061
2031
S 8,075,904
S 79,511,553
5 87,587,457
2032
S 8,197,043
S 80,704,227
5 88,901,269
2033
S 8,319,998
S 81,914,790
5 90,234,788
2034
S 8,444,798
5 83,143,512
$ 91,588,310
2035
5 8,571,470
5 84,390,664
$ 92,962,135
2036
5 8,700,012
S 85,656,524
5 94,356,567
2037
5 8,830,543
5 86,942,372
5 95,771,915
2038
S 8,963,001
5 88,245,493
5 97,208,494
2039
S 9,097,446
5 89,569,175
S 98,666,621
2040
5 9,233,908
5 90,912,713
5 100,146,621
2041
S 9,372,416
5 92,276,404
5 101,648,820
2042
S 9,513,003
$ 93,660,550
5 103,173,552
2043
5 9,655,698
S 95,065,458
5 104,721,155
20441
5 9,800,533
5 96.491.44015
106,291,973
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
2014 Plan Amendment/De-Annexation Values
Projected Property Tax Revenues (TIRZ Funds Available)
Tax
Year
C.11.City
Year
Tax Rate
City Tax
Collection
Hartis County
General Fund
Tax Rate
County
General Fund
Collection
Total Tax
Revenues
Available
Cumulative
Tax Revenue
Available
2013
2014
S 082203
$ -
S 0.3321
S
2014
2015
$ 082203
S -
5 0.3321
$
2015
2016
5 082203
$ 52,315
S 0.3321
S 20,713
S 73,028
S -
2016
2017
$ 082203
5 164,073
S 0.3321
S 64,963
5 229,036
S 229,036
2017
2018
S 0 82203
S 275,844
S 0.3321
5 109,217
5 385,061
S 614,097
2018
2019
5 082203
S 387,625
5 0.3321
S 153,476
S 541,102
S 1,155,199
2019
2020
S 082203
S 499,421
S 0.3321
S 197,740
5 697,160
5 1,852,360
2020
2021
S 082,103
$ 611,228
S 0.3321
5 242,008
5 853,236
$ 2,705,596
2021
2022
S 0 82203
5 620,396
5 0.3321
S 245,638
5 866,035
5 3,571,630
2022
2023
5 082203
S 629,702
S 0.3321
S 249,323
S 879,025
S 4,450,655
2023
2024
S 082203
S 639,148
S 0.3321.
S 253,063
S 892,210
S 5,342,866
2024
2025
S 082203
5 648,735
S 0.3321
S 256,859
5 905,594
S 6,248,459
2025
2026
S 082203
5 658,466
S 0.3321
S 260,712
S 919,177
S 7,167,637
2026
2027
$ 082203
S 668,343
S 0.3321
S 264,622
S 932,965
5 8,100,602
2027
2028
5 082203
5 678,368
S 0.3321
$ 268,592
5 946,960
S 9,047,561
2028
2029
S 082203
$ 688,544
5 0.3321
5 272.620
5 961,164
$ 10,008,725
2029
2030
5 082203
5 698,872
5 0.3321
5 276,710
S 975,581
S 10,984,307
2030
2031
5 082203
5 709,355
5 0.3321
5 280,860
5 990,215
5 11,974,522
2031
2032
S 0 82203
5 719,995
S 0.3321
S 285,073
S 1,005,068
5 12,979,591
2032
2033
S 082203
S 730,795
5 0.3321
S 289,349
S 1,020,144
S 13,999,735
2033
2034
S 082203
S 741,757
$ 0.3321
S 293,690
S 1,035,447
S 15,035,182
2034
2035
5 082203
5 752,883
S 0.3321
5 298,095
5 1,050,978
$ 16,086,160
2035
2036
S 082203
5 764,177
S 0.3321
5 302,566
S 1,066,743
S 17,152,903
2036
2037
S 082203
5 775,639
S 0.3321
S 307,105
5 1,082,744
S 18,235,647
2037
2038
5 082203
5 787,274
S 0.3321
S 311,711
S 1,098,985
S 19,334,632
2038
2039
5 082203
S 799,083
5 0.3321
$ 316,387
S 1,115,470
5 20,450,103
2039
2048
5 082203
5 811,069
5 03321
S 321,133
5 1,132,202
5 21,582,305
2040
2041
S 082203
5 823,235
S 03321
5 325,950
5 1,149,185
S 22,731,490
2041
2042
5 0.82203
S 835,584
S 0.3321
S 330,839
S 1,166,423
5 23,897,913
2042
2043
S 082203
S 8481118
S 0.3321
5 335,802
S 1,183,919
5 25,081,832
2043
2044
S 082203
5 860,839
S 0.3321
5 340,839
S 1,201,678
S 26,283,510
2044
2045
S 082203
S 873,752
S 0.3321
5 345,951
5 1.219,703
S 27503,213
S 19.254,636
S 7,82L606
S 27576,241
Notes
1 Assumes 15% Annual appreciation from de -annexation area, and 15% annuall appreciation from 90 acre project once buldout is complete in 2020
2 The base value of additional 45 acres Is included with the Taxable Value from the 90 Acre Project
HHG LLP I M 112014
11 of 11
City of Baytown TIRZ No. 1
2014 Amendment