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Ordinance No. 12,918ORDINANCE NO. 12, 918 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, INCLUDING LAND WITHIN REINVESTMENT ZONE NO. ONE, CITY OF BAYTOWN, TEXAS; 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 approved the Restated And First Amended Project Plan And Reinvestment Zone Financing Plan, as amended (the "Plan"), for the Zone; and WHEREAS, the City Council wishes to add certain land to the Zone located wholly within the corporate limits of the City, 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: 553205 Section 1: That 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: That the land described in Exhibit "A," which is attached hereto and incorporated herein for all intents and purposes, is hereby included in the boundaries of the Zone. Section 3: The Plan for the Zone is hereby amended as shown in Exhibit `B," which is attached hereto and incorporated herein for all intents and purposes. Section 4: The appropriate City officials are authorized and directed to take all actions reasonably necessary to implement the terms of this ordinance. Section 5: 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. Section 6: 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 affirm 4�i a vote of the City Council of the City of Baytown this the 13th day of August, 2015. ATTE T: LETICIA BRYSCH, C Clerk APPROVED AS TO FORM JNkACIO RAMIREZ, SR., Civmttomey TEPHEN H. DON C) a h4 ° a V o a y V n °vaaaNaa as '0 R.. °,KarenlFiles +,City CounciFOrdinances\20MAugust 13`TIRZ Ordinance.doc 7 Mayor Exhibit A Added Land Exhibit "A" Boundary Description TIRZ No 1- Addition of 79 acre tract City of Baytown, Harris County The area to be included in the City of Baytown Tax Increment Reinvestment Zone No 1 is approximatey 79 acres in site and is stuated approx. 2.600 feet east northeast of the intersection of N Main Street and E Wallsv -•e Road A 71090 o&4 or ,1445,177 square feet more of foss, treat 91 fond. out of the Coorge Ezra Survey. Abstract 21. Norris County. Texas end being the Co of the remahig portion of the property described or the east 112 of Lot 9. out of the subdivision of the Caarpe Elie Looque, recorded In VoWme 72 Pape 439 of the Deed Records of Harris County. Textm and conveyed to South Houston Realty Company in C fb* *s File No. 2033768 of the Harris County Official Public Records of Rod Properly. Said 79.090 acre tract baby mono Au9y described as Aof mm with beainye based on the lamas Coordinate System estc&isned for the South C6rhlrAf Zara from the North American Datum of 19W NAD 83 (NA2011) epoch 2010 00: COWENCANG Al o /Quad 2 bch iron pie In the south right -or -wy line at leartsvills Rood o 60 -foot wide county rfphl- of -way as shown on the right -cf -way map prepared Apr4. 1940 under IVP.A. Official Project No. 65 -1-66 -2749. of the northwest mono► of an I&J105 acre Potion of Let 8 of mold subdhision of the George 011s Lee" Is- crmod In e deed recorded in dark's Fla No. 2014W59C198 of the ankral Pibk Records of Red Property of Harris County. Tesax THENCE N 77'4646' F Clang and with the south right -of -way fine of said INWbville Roux o distance of IJ2a05 Peet to o found I inch iron pot an the common roa between sold Lot 9 and said Lot 4 of the narthwest comer of a 10.00 ocra trod daacrOCd th o deed recorded in Clark's Foe No *947J60 of the Mom Canty Official Public Records of Reef Property, for the noYA.est cornar and POWT Or BEGINNING of the ho win dewcrhDwd 71000 Cares; THENCE N 77'46'48' & over and ocroes said Lot fL deny and with the mouth right -of -way line of said A11116We rood o distance of 1320.00 feet to a trot 3/4 Inch icon nod we yellow cop naked `Pope - 000504 ; an the west Wine of o 40.14 ace Portion of Lot 9, described in o deed recorded th C W a Fie No. 20070261884 of the Harris County Official Prbfiea Records Of Rod Prapertr. Gam which a found 5/♦! then Iron rod berg N 1079159' & a distance of 10.80 A14. THENCE S 12'0957' & Contthafng over and across Sold Lot 9 along and sfM the waist Rea of sold 40.14 caw portion of Lot R passih9 a set J/4 bah Iron rod with rWaa cop manned `Pepe - Dawson- at the northeast comes of o 2.74 We San Jacinto River Authority 1119111- af-woy aosenratL described In aerk s Fib Nn CJ4f$90 of Ma Horris Count Dead Records of o dbtdnte of 259.99 kart, cantiwkV Bony Salo west fha6 an trddJb d dbtonee of 60 Met fa a told distance of 2609:99 Mat to o set J14 bet Iron rod with rNow cap marked Pepe Dawson' an the nalb line of 0 116.00 acre frect of told dac**W fn a deed recorded in parkin Fie No. X16S2J9 of fen Harris County Deed Records. at the ecuthurse Corn& of Me Said 4df4 tress parfian of Lot 9 the sewMaomf Coma of said west 1A of Lot * THENCE S 77'46'48' W. Bony and with the common line betwoan said 116.00 ode Vacl and Said Lot D a distance of 1320.00 Met to o set 314 Inch front rod slth yellow top mated 'Pope - Damon- at the common Lamar between acrd Lot 9, sold Lot a cold 116.00 ocra Erect and o 41JO84 oars boot described in o dead retarded in Clark's File Nor. M68062 of the Morris County OfBdd Public Records of Red Preprty. from ohlah o set J14 inch Irish rod with yatlea cop marked 'Pepe- Dawson' at the northwest tamer of sod San Jacinto River Authority right -ol -soy eassnent bans N 12119'57' F4 a distance of 120.00 Met: rMENtE N 12V957- W along and with the common She between Said Lot 8 and send Lot 9. Passing o found rJ /8 btdt Iron rod of the Souehewt comer of a 4,13043 acv portion of Said Lot Q deICT&O'd b 6 deed retarded N Cl&iti Fin No. 20140049797 of the Marrs County OH/elat Public Reoardv of Red Propwrtyl at a distance of 10249 Asst continuing deny said common that on oddf wort dIstanoa of 767.02 feet to a found f inch Iran pale Of the southwest comer Of said 10 sae POrUcn of Lot A eantDwthg along sold common Ifn% an eMliond dIrtanae of 1751148 OWL Aar a told distance of 2609.99 hest to the PONT OF BEGNNIM of the bomb dasarfaed tract. end centairing 79.090 ears- in Herb County. Tesoa 7 of l0 Gtv of awyhorrn TIRI No 1 1015 amendment Exhibit B Amendment to the Plan Exhibit "B" 1 !2 TAX INCREMENT REINVESTMENT ZONE, NUMBER ONE CITY OF BAYTOWN July 8, 2015 2015 AMENDMENT TO THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN PROJECT PLAN Page I. Existing uses and conditions of real property within the area of the Zone 3 Map of original zone with 79 acre addition 4 II. 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 II A statement listing the kind, number and location of all proposed public works or 5 public improvements in the Zone III. Economic Feasibility Study 5 IV. The estimated amount of bonded indebtedness to be incurred 5 V. The time when related costs or monetary obligations are to be incurred 6 VI. A description of the methods of financing all estimated project costs and the expected 6 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 VII. The current total appraised value of taxable real property in the Zone 6 VIII. The estimated captured appraised value of the Zone during each year of its existence 6 IX. Duration of the Zone 6 X. Appendix A (boundary description and map of area to be included) 7 -8 XI. Schedule A: Residential Buildout 9 XII. Schedule B: Projected Assessed Valuations and Tax Increment 10 2of10 City of Baytown TIRZ No. 1 2015 Amendment 2015 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 originally consisted 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. In addition, the Zone was reduced by 112 acres in 2014 (representing the entirety of the San Jacinto Mall) and simultaneously enlarged to include an additional 45 acres. The below map shows existing conditions of the Zone. Map 1 3of10 City of Baytown TIRZ No. 1 2015 Amendment The purpose of this 2015 Plan Amendment is to include a 79 acre tract of land along Wallisville Road that is intended to be used for residential development. The 79 acres of undeveloped land will be added to the Zone as shown below. CITY OF BAYTOWN TIRZ 1 AC Nsa Shill= iid Rorru9t M[Lran Ra J M t!r,* .tort[. RU U g� 4 `ATV ti'd d Ssttq 3t u Y 79 Acre Tract WallisviVe Road 12 TIRZ No 1 San Jacinto Blvd City of Baytown TIRZ No. 1 2015 Amendment Map 2 2015 Annex 79 Acres erg,, x K ZA c ut tr x �a°h�Y Ru 6 tr 4of10 w Z taa Ut 1� «n .r r � Ord cater. *& A a ��� L�ctrtuujl Ilr! HA? t:rrt+ 4 y [ M' CIA-0,11 'N Ra%w Rd Qenctle t► l'tt€U �n II. 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 The non - project costs are shown in Table A below. REINVESTMENT ZONE FINANCING PLAN A DETAILED LIST DESCRIBING THE ESTIMATED PROJECT COSTS OF THE ZONE, INCLUDING ADMINISTRATIVE EXPENSES Table A: Estimated Zone Project and Non - Project Costs for 79 acre Annexation Public Infrastructure Costs Zone Project Costs Non - Project Costs Internal (Site Specific) Water, Sanitary Sewer, Drainage Costs (1) $2,715,016 $1,163,578 Detention Facilities (1) $1,337,651 $573,279 Offsite Utilities and Paving (2) $1,835,294 $0 Internal (Site Specific) Paving (3) $0 $3,025,928 Total Zone Project Costs $5,887,961 $4,762,785 (1) Per City TIRZ policy, internal utilities and drainage costs are eligible for TIRZ reimbursement at 70% (2) Per City TIRZ policy, offsite utilities and paving costs are eligible for TIRZ reimbursement at 100% (3) Per City TIRZ policy, internal paving costs are not eligible for TIRZ reimbursement There are no additional administrative expenses associated with the Plan Amendment. II. STATEMENT LISTING KIND, NUMBER AND LOCATION OF ALL PROPOSED PUBLIC WORKS OR PUBLIC IMPROVEMENTS IN THE ZONE Table A and Map 2 detail the location and kind of public works and improvements for the 79 acre annexation. Ill. ECONOMIC FEASIBILITY STUDY By adding the 79 acres, the Zone will be able to finance a portion of the water, wastewater, and drainage improvements for the planned residential development. 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. 5of10 City of Baytown TIRZ No. 1 2015 Amendment V. THE TIME WHEN RELATED COSTS OR MONETARY OBLIGATIONS ARE TO BE INCURRED It is estimated that the water, wastewater, and drainage improvements will begin construction in 2015 and at which point the Zone would have incurred a monetary obligation associated with this plan amendment. 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 as a participant in the enlargement area of 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 will be a participant in the Zone enlargement and will participate according to the following table. INCREMENT DEDICATED TO THE ZONE Taxing Unit Tax Rate Dedicated City of Baytown 60% of Tax Rate VIII. THE CURRENT TOTAL APPRAISED VALUE OF TAXABLE REAL PROPERTY IN THE ZONE The total preliminary 2015 taxable value within the Zone is $183,163,746. This total excludes property values de- annexed in 2014. Additionally, a 2015 Base Value of the 79 acre tract of $197,080 will be added. IX. 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. X. DURATION OF THE ZONE The Zone exists through year 2044. 6of10 City of Baytown TIRZ No. 1 2015 Amendment Appendix A Boundary Description TIRZ No. 1— Addition of 79 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 79 acres in size and is situated approx. 2,600 feet east northeast of the intersection of N. Main Street and E. Wallisville Road. A 79.090 axe, or 3,445,177 square foot more or less, tract of land, out of the George Ellis Survey, Abstract 21. Horns County, Texas and being the all of the remaining portion of the property described as the west 112 of Lot 9, out of the subdivision of the George Ellis League. recorded In Volume 72 Page 459 of the Deed Records of Harris County. Texas, and conveyed to South Houston Realty Company in Clerk's File No. Z053768 of the Harris County Oftkial Public Records of Real Property. Sold 79.090 acre tract being more fully described as follows, with bearings based on the Texas Coordinate System established for the South Central Zone from the North American Datum of 1983 NAD 83 (NA2011) epoch 2010.00. COMMENCING At o found 2 Inch Iron p /pe in the south right —of —way line of W4111sville Road, a 60 —foot wide county right —of —way as shown on the right —of —way map prepared April, 1940 under W.P.A. Official Project Na 65 -1 -66 -2749, at the northwest comer of an 18.3105 acre portion of Lot 8 of sold subdivWw of the George Ellis League, described In a deed recorded In Clerk's File No. 20140059056 of the Offiolal Public Records of Real Property of Harris County. Texas; THENCE N 77'4648" E, along and with the south right —of —way line of said Wailis Ve Road, a distance of 1328.05 feet to a found 1 Inch Ion pipe on the common lime between sold Lot 9 and said Lot 8, at the northeast comer of a 11100 acre tract described In a deed recorded in Clerks Fife No. M47360 of the Harris County Official Public Records of Real Property, for the northwest comer and POINT OF BEGINNING of the herein described 79.090 Gal THENCE• N 774648" & over and across sold Lot 9, along and with the south right —of —way line of sold Waillsville road, a distance of 1320.00 feet to a set 314 Inch Iron rod with yellow cap marked 'Pope—Dawson", on the west lire of a 40.14 acre portion of Lot 9, described in o deed recorded In Clerk's File No. 20070261884 of the Harris Canty Official Publics Records of Real Property, from which a found 518 Inch fron rod bears N 1839'59" F a distance of 11180 feet; THENCE• S 12b9'57' E continuing over and across sold Lot 9, along and with the west line of sold 40.14 acme portion of Lot 9, passing a set 314 inch Ion rod with yellow cap marked "Pope — Dawson" at the northeast corner of a 274 acre San Jacinto River Authority right —of —way easement. described In Clerk's File Na C341590 of the Harris County Deed Records at a distance of 2549.99 feet continuing along said west line, an additional distance of 60 feet, for a total distance of 2609.99 feet to a set 314 Inch Iron rod with yellow cop marked 'Pape Dawson" an the north fine of a 116.00 acre tract of land described in a deed recorded In Clerk's File No. K165239 of the Harris County Dead Records, at the southwest comer of the said 40.14 acre portion of Lot 9, the southeast comer of sold west 112 of Lot 9; THENCE S 774648" W, along and with the common line between sold 116.00 acre tract and sold Lot 9. a distance of 1320.00 feet to a set 314 Inch iron rod with yellow cap marked 'Pope — Dawson" at the common tamer between said Lot 9, sold Lot a sold 116.00 acre tract and o 4,13084 acre tract described in a deed recorded in Clerk's File No. 7086062 of the Harris County Official Public Records of Real Property, from which a set 314 Inch iron rod with yellow cop marked 'Pape— Dawson" at the northwest corner of said San Jacinto River Authority right— of—way easement bears N 1219957" W, a distance of 120.00 feet; THENCE N 12109'57" W along and with the common line between said Lot 8 and said Lot 9, passing a found 518 Inch iron rod at the southeast comer of a 1.15043 acre portion of sold Lot A described In o dead recorded In Clerk's File No. 20140049797 of the Harris County Official Public Records of Real Property, at a distance of 10249 feet, continuing along said common line, an addltlonol distance of 757.02 feet to a found 1 inch Iron pipe at the southeast comer of said 10 acre portion of Lot 8, continuing along sold common line an additional distance of 1750.48 fact, for a total distance of 2609.99 feet to the POINT OF BEGINNING of the herein described tract, and containing 79.090 acres in Harris County, Texas. 7of10 City of Baytown TIR2 No. 1 2015 Amendment Appendix A, cont. 8of10 City of Baytown TIRZ No. 1 2015 Amendment •� N B� � c r 5 a" m•o .�1 q 0 C SL 41 Ieioigns V 7 � q > y > 7 Y D *yFFO d u s� �a O 0 rn 0 z N H C C N T C d m E 0? 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