CC Resolution No. 2634RESOLUTION NO. 2634
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, ADOPTING THE CITY OF BAYTOWN PUBLIC IMPROVEMENT
DISTRICT POLICY; PROVIDING FOR A REPEALING CLAUSE; AND
PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby adopts the
City of Baytown Public Improvement District Policy, which is attached hereto as Exhibit "A"
and incorporated herein for all intents and purposes.
Section 2: All resolutions or parts of resolutions inconsistent with the terms of this
resolution are hereby repealed, provided, however, that such repeal shall be only to the extent of
such inconsistency; and in all other respects, this resolution shall be cumulative of other
resolutions regulating and governing the subject matter covered by this resolution.
Section 3: This resolution shall take effect immediately from and after its passage by
the City Council of the City of Baytown.
INTRODUCED, READ and PASSED, by the affirmative vote of the City Council of the
City of Baytown, this the 271h day of February, 2020.
ATT ST:
LETICIA BRYSCH, City Clerk
APPROVED AS TO FORM:
NACIO RAMIREZ, SR., 'ty Attorney
R:\Karen.Files City Council Resolutions\2020\February 27\PIDPolicy.doc
Exhibit "A"
CITY OF BAYTOWN PUBLIC IMPROVEMENT DISTRICT POLICY
1. OVERVIEW
1.01 Pursuant to the Texas Local Government Code Chapter 372 (the "PID Act"), Public
Improvement Districts ("PIDs") provide the City of Baytown (the "City") an economic
development tool that permits the financing of qualified public improvement costs that
confer a special benefit on a definable part of the City. A City, through a PID can finance
capital costs and/or fund supplemental services to meet community needs which could
not otherwise be constructed or provided. The costs of the capital improvements and/or
supplemental services are paid entirely by property owners within the Public
Improvement District that receive special benefits from the capital improvements or
services. A PID may only be used to pay for qualified public improvements under the PID
Act.
1.02 Owners of an area desiring a PID may petition the City to form a PID. The City Council
may establish a PID by adopting a resolution after a public hearing. The public hearing is
publicized in the newspaper pursuant to the PID Act and written notification of the
hearing is mailed to all owners of the property subject to a proposed assessment.
Owners within the proposed PID pledge pay an assessment in order to receive a special
benefit, enhanced services and/or improvements.
2. PURPOSE AND INTENT
The purpose and intent of this Policy is to provide the policy parameters for establishment and
use of PIDs within the City and to outline the issues to be addressed before the City Council can
support the establishment of a PID. The City Council supports the use of PIDs to create
sustainable developments with a higher level of public improvements than exists in a
development that meets the City's minimum standards. PIDs are a viable alternative for
construction of enhanced public open space and maintenance of enhanced public parks and
trails. Within the City, PIDs should be self-supporting, should not place an undue administrative
burden on the City nor involve extensive management or oversight by the City for their daily
activities. This Policy is intended to provide guidance to developers and City Staff in the creation
of a PID and outline pertinent matters, including, but not limited to, petition requirements,
qualified costs, financing criteria, information disclosures to property owners, and the
determination of annual plans of services, budgets and assessments. The City Council shall have
the authority to establish PIDs that vary from this policy as long as they are in accordance with
State law.
3. PID OBJECTIVES
3.01 The Texas Local Government Code allows for PID funds to be used, among others, in the
construction of roadways, water, wastewater, drainage, landscaping, parks, and
expenses incurred in the establishment, administration and operation of the PID.
Generally, PID consideration may be granted for projects that:
a. Meet or preferably enhance the City's master plan, thoroughfare plan, water
and wastewater plans;
b. Advance the City's trail and park plans;
C. Exceed the City's requirements for design, building standards, amenities and
landscaping;
d. Are of mixed residential and commercial use;
e. Accomplish a particular housing objective or goal established by City Council;
f. Are master -planned residential communities;
g. Will generate greater economic development benefits to the City beyond the
project;
h. Provide enhanced aesthetic features (e.g., entryways, landscaping, fountains,
specialty lighting, art, decorative and landscaped streets and sidewalks, bike
lanes, multi -use trails, signage); and
i. Require public participation to materialize.
3.02 The City Council shall have the authority to consider other projects that may be different
from those listed in Section 3.01 in accordance with the applicable State law.
4. AUTORIZED PIDS:
4.01 Capital PIDs are those that are established to construct infrastructure within a
development. There are two types of Capital PIDS:
a. Reimbursement PID: The developer pays for the infrastructure up front and is
reimbursed from assessments collected over time.
b. Bonded PID: The City issues special revenue bonds for the construction of
improvements and/or reimbursement to the Developer and such bonds are
repaid from assessments collected annually.
4.02 Capital PIDS have a termination date of either the maturity of the bonds for Bonded PID,
or full repayment of the developer for Reimbursement PID. The principal amount for a
Capital PID may be paid in full or in part by the property owner at any time without any
prepayment penalty.
S. GENERAL
5.01 A PID may be created and utilized to construct qualified public improvements and/or
reimburse a developer's actual, documented costs above and beyond the costs for
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standard infrastructure required to serve the development. Such incremental costs shall
be associated with the construction of qualified public improvements.
5.02 PIDs must be self-sufficient and not require the City to incur any costs associated with
the formation of the PID, bond issuance costs, PID administration or the construction of
PID improvements.
5.03 PID petition signatures should reflect that a reasonable attempt was made to obtain the
full support of the PID by the majority of the property owners located within the
proposed PID. Such petition shall also explain the methods used to obtain support of the
PID. Priority will be given to PIDs with the support of 100% of the landowners within a
PID.
5.04 Priority will be given to PID improvements that meet the greatest number of objectives
as specified in this policy and that meet specific community needs.
5.05 A PID's assessment levy shall include the collection of sufficient funds to pay for all
additional costs incurred by the City above its normal operational costs, including
additional administrative and/or operational costs.
5.06 A Landowner's Agreement and an Assessment Ordinance must be recorded in the
Official Public Records of the County in which the PID is located, which, among other
things, will notify any prospective owner of the existence or proposal of assessments on
the property. All closing statements and sales contracts for lots must specify who is
responsible for payment of any existing assessment or a pro rata share thereof. Any
applicable proration of Assessments at land sale closing shall be the responsibility of the
buyer and the seller.
5.07 The City Council reserves the right, on a case -by -case basis, to waive specific
requirements listed in this Policy. Such waived requirements shall be noted in the
approval of any petition together with a finding that the deviation from the Policy is in
the best interest of the City. Additionally, the City Council maintains discretion to
approve or disapprove the creation of the PID.
5.08 No PIDs will be allowed to be created that overlap the boundaries of another PID, unless
authorized by City Council.
5.09 Any change in PID boundaries is subject to the notice and hearing requirements of the
PID Act.
5.10 PIDs must be within areas of the City which are annexed for full purposes.
6. ESTABLISHMENT OF PID
Following is a summary of the major steps involved in the establishment of a PID. Detailed steps
are included in Attachment A.
6.01 PID Creation Agreement
If the City determines it is in its best interest to establish a PID, a PID Creation
Agreement ("PCA") will be entered into with the developer (template attached as
Attachment B). The PCA will require the developer to initially deposit funds to pay for
the City's third -party consultants, including, but not limited to, Bond Counsel, Financial
Advisor, PID Administrator, Appraiser, and Market Study Analysis. Additional deposits
will be required when the deposit balance meets a minimum threshold as described
below. Funds that have been expended for payment to the City's consultants are non-
refundable except for potential reimbursements from bond proceeds. The unused
balance will be rolled into the PID administration costs for the creation of the PID, or
refunded to Developer at the election of the City depending on circumstances. For
Capital PIDs, the Initial Amount is $25,000 with additional $10,000 increments when
deposit balance reaches $2,500.
6.02 PID Petition
A petition for the creation of the PID shall be submitted in accordance with the
following:
a. The submittal of a petition letter that is signed by:
1. Owners of taxable real property representing more than 50% of the
appraised value of taxable real property liable for assessment under the
proposal, as determined by the current roll of the appraisal district in
which the property is located; and,
2. Record owners of real property liable for assessment under the
proposal who:
(a) Constitute more than 50% of all record owners of property that
are liable for assessment under the proposal; or
(b) Own taxable real property that constitutes more than 50% of
the area of all taxable real property that are liable for
assessment under the proposal.
b. The petition must be submitted using the form included as Attachment C. See
the Petition Requirements attached herein for additional specific requirements.
6.03 Service and Assessment Plan
The City will cause to be prepared by the City PID administrator a Preliminary Service
and Assessment Plan ("SAP") based on an Engineer's opinion of probable costs of the
public improvements to construct and complete the project. The parameters of the SAP
will be based on the City Staff's direction regarding the amount to be reimbursed
relative to the type of PID, the Policy objectives, and the recommendation of the City's
consultants.
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6.04 Additional Submission Requirements for Bonded PIDS
a. If it is proposed that debt obligations secured by and payable from assessments
are to be issued to reimburse for authorized improvements that a developer
would ordinarily fund at its own costs, the petition must demonstrate how
creation of the PID and financing of the infrastructure provides a special benefit
to the property that, but for the PID, would not occur. Examples of "special
benefits" under which the City is willing to consider a PID include, but are not
limited to, the following: accelerated development of neighborhood amenities,
high quality development (i.e. amenities, sustainability, etc.) or furtherance of a
major City Policy objective.
b. If the City issues bonds for the developer to construct the improvements and
the debt is repaid through the collected property assessments, the following
requirements must be met:
1. Minimum value -to -lien ratio of 3:1 based on third -party appraisals
approved by the City.
2. To the extent feasible, preliminary design and engineering work for
public improvements to be funded with PID Bonds shall be undertaken
prior to the levy of assessment.
3. Developer is required to provide evidence of financing of the non-public
improvements, which may include closed loan(s) from a bank or a
financial institution in an amount necessary to fund the Private
Improvements for the applicable PID Phase for which PID Bonds are
being sold. Any loan agreement for such Private Improvements shall
have no conditions to funding other than those customarily included in
similar financings and such loan must meet the approval of the City's
financial advisor and the City.
4. Developer is required to demonstrate committed capital (acceptable to
the City) in the form of cash deposit, proof of bank financing and/or
equity capital, or letter of credit, which represents the difference
between budgeted costs to complete the public improvements assumed
to be complete in the appraisal and the net proceeds of the PID Bonds.
The form of acceptable committed capital (cash deposit or letter of
credit) will be determined by the City (in consultation with its financial
advisors, consultants and participating underwriters) on a case -by -case
basis. Terms of any letter of credit used to satisfy the requirements of
this paragraph will include:
(a) an irrevocable and unconditional letter of credit issued by one
or more banks satisfactory to the City and on terms and
conditions satisfactory to the City to provide a funding source
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for the agreed upon cost of infrastructure improvements that
will be constructed with funds other than bond proceeds;
(b) the City being named as the beneficiary;
(c) provisions that would enable the City, upon presentment of a
properly executed draft request to the provider of the letter of
credit, to draw upon the letter of credit to fund any obligation
of the Developer, including funding to pay for a portion of the
costs to the infrastructure improvements that are not being
funded with the proceeds of any bonds issued by the City; and
(d) a commitment by an acceptable letter of credit provider with a
long-term rating by a nationally recognized ratings service of at
least an A or better.
6.05 Other Financing Considerations
a. PID Bonds may be issued in advance of construction as a whole or on a phase -
by -phase basis subject to compliance with the applicable standards.
b. General Obligation Bonds or Certificates of Obligation will not be utilized by the
City to fund or support the PID Bonds.
C. All proposed initial and subsequent PID Bond issues for a project, if any, will be
subject to approval by the City Council.
d. The City shall not be obligated to provide funds for any PID improvement except
from the proceeds of the PID Bonds and assessments, unless otherwise
determined by City Council.
e. the bond documents authorizing the issuance of the PID Bond will contain
language explicitly precluding the City from making any debt service payments
for the PID Bonds other than from available assessment revenues. There will be
no tax pledge from the City to support PID Bonds.
6.06 Assessment Term/Bond Term
The maximum term of a Capital PID assessment is not to exceed 30 years and the
assessment term must equal to the bond term.
7, DEVELOPER REIMBURSEMENT
7.01 The Developer will submit expenses for reimbursements in accordance with the
requirements of the applicable financing agreement and bond documents.
7.02 The City's appointed designee(s) will verify the eligibility and validity of such
reimbursement requests in accordance with the applicable agreements and/or PID
documents.
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7.03 Once expenses have been verified, payment will be processed within the timeframe
stipulated in the applicable agreements and/or PID documents.
Attachments:
Attachment A: Process
Attachment B: PID Creation Agreement
Attachment C: PID Petition Requirements
Attachment D: Petition Template
ATTACHMENT A
Public Improvement District (PID) Process
ResponsibleTask
PRELIMINARY INFORMATION FROM DEVELOPER
1. Development items
a.
Proposed development plan, including elevations or detailed descriptions
of the actual structures
b.
Land use classes (residential vs nonresidential)
c.
Quantity of each land use class (units for residential & sq. Ft for
commercial)
d.
Proposed development standards, e.g., setbacks, lot sizes, density,
DEV
height, buffers, etc.
e.
Proposed average pricing for each applicable measurable unit
f.
Site and concept plan, including landscape plan, signage plan, amenities,
interior circulation/mobility, proposed utility improvements, on and off -
site infrastructure
2. Absorption
a.
Projected absorption per residential class (per month or per year)
DEV
3. Budget
a.
Estimated public improvement budget, by phase, if applicable
i. Projected improvement cost by category
1. Road
2. Water
3. Sewer
4. Drainage
DEV
5. Parks
6. Others
b.
Estimated non-public (private) improvement budget, by phase, if
applicable
i. Projected additional infrastructure costs
H. Projected vertical construction costs
4. Financing plan
a.
Proposed financing structure, by phase, if applicable
i. Loan
DEV
ii. Grants
b.
Funding gap (public finance program)
5. Construction timing
a.
Projected public improvement start and end dates, by phase, if applicable
DEV
b.
Projected vertical improvement start and end date, by phase, if applicable
6. Tax parcels
a.
Information relating to the total tax stack for properties within the PID,
DEV
including the assessment
7. Comparable
property
a.
Information on comparable property (e.g. name and address of
DEV
development)
8. Maps
a.
Map showing location of public improvements (if not on site plan)
DEV
9. Land use approval documents
a. Annexation agreement
b. Development agreement
c. Zoning documents
DEV
City staff will coordinate with PID Administrator to determine PID feasibility
CS/MC
Developer executes PID Creation Application
CS/MC/DEV
Developer pays initial PID Administration costs to the City
CS/DEV
PHASE I PLAN OF FINANCE
Preparation of PID bond projections and feasibility analysis:
Prepare and distribute draft PID projections
MC
Prepare and distribute updated PID projections
MC
Revise and distribute final PID projections
MC
Preparation of Preliminary Service and Assessment Plan (SAP):
Draft assessment methodology MC
Revise assessment methodology and prepare assessment roll MC
PHASE II GOVERNMENT APPROVAL
Public Improvement District (PID)
Draft Development Agreement
BC
Adopt Development Agreement
CS/City Council
Draft PID creation petition
DC/MC
Resolution adopted by City Council accepting the Petition and calling a public
hearing on creation of the PID
BC/City Council
Public Notice of PID Creation hearing in newspaper
CS
Mail notice of PID creation to property owners in PID
CS
Hold public hearing on PID creation
City Council/DC/CA
Adopt resolution creating PID
City Council
Publish the resolution creating the PID
CS
Draft Preliminary Service and Assessment Plan (SAP) and prepare assessment roll
MC
Resolution accepting preliminary SAP and calling a public hearing to levy
assessments
BC/CS/City Council
Publish Notice of Levy and Assessment Hearing in newspaper
City Clerk
Mail Notice of Levy and Assessment Hearing
to all property owners in the proposed PID
City
Consider adoption of resolution approving the distribution
of the Preliminary Official Statement
CS/City
Council/CA/BC
Public hearing on proposed Levy and Assessment
CS/City Council
Discussion of, and adoption of, Construction, Funding and Acquisition
Agreements (if any), bond ordinance and Assessment Ordinance levying
Assessments
CS/City
Council/CA/BC
OFFERING DOCUMENT ELEMENTS
Prepare first draft of market study
MA
Meeting to discuss market study
MA, DD
Prepare second draft of market study
MA
Conference call to discuss second draft of market study
MA, DD
Prepare final market study
MA
Appraisal
Select appraiser
DEV/UW
Send letter of instructions to appraiser
UW
Prepare first draft of appraisal
APP
Meeting to discuss appraisal
APP, DD
Prepare second draft of appraisal
APP
Conference call to discuss second draft of appraisal
APP, DD
Prepare final appraisal
APP
Assessed Value and Tax Increment Report
Start preparation of report on assessed value and tax increment projections
MC
Prepare first draft of report
MC
Meeting to discuss report
MC, DD
Prepare second draft of report
MC
Conference call to discuss second draft of report
MC, DD
Prepare final report on assessed value and tax increment revenues
MC
PREPARATION OF BOND DOCUMENTS
Prepare trust indenture
BC
Prepare construction, acquisition, and funding agreement
DC/BC/CA
Meeting to review documents
Team
MARKETING AND CLOSING OF BOND ISSUE
Prepare preliminary offering statement (POS)
UC
Send term sheet to potential investors and prepare short list of target investors
UW
Preparation of final POS and BPA
UC
Print POS
UW
Mail POS to potential investors
UW
Site visit with potential investors
Team/INV
Price bonds
UW
Levy assessment
City Council
Prepare final offering statement
Team
Bond closing
Team
APP.............................................................................................. Appraiser
BC.......................................................................................... Bond counsel
CA...........................................................................................City Attorney
CS..................................................................................................City staff
DC................................................................................Developer's counsel
DEV............................................................................................. Developer
DE................................................................................ Developer Engineer
DD ......................Due diligence sub -committee includes the underwriter,
underwriter's counsel and others as needed.
ENG...........................................................................Developer's engineer
INV.................................................................................................. Investor
MA................................................................................. Market consultant
MC................................................................................................ MuniCap
UW.......................................................................................... Underwriter
UC............................................................................ Underwriter's counsel
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ATTACHMENT B
PID Creation Agreement (PCA)
[Date]
[CONTACT]
[DEVELOPER ENTITY]
[STREET NUMBER & NAME]
[SUITE]
[CITY] [STATE] [ZIP]
RE: Payment Structure for MuniCap, Inc. for PID Consultant Services
Dear [CONTACT]:
MuniCap, Inc. ("MuniCap") is the Administrator for the City of Baytown (the "City") for Public
Improvement District projects. The City has requested MuniCap provide (the "Developer")
with assistance in preparing for a proposed Public Improvement District (PID) for evaluation by the City.
MuniCap will not be able to work under contract with or represent the Developer, as it is already under
contract with the City. The documentation to be prepared by MuniCap will evaluate the potential use of
a PID in conformance with the City's guidelines for such projects.
The City's guidelines for PID financing require that developers directly cover the costs of efforts
related to a PID prior to the approval of the PID by the City Council. Accordingly, the costs of MuniCap
and other city consultants are to be paid by the Developer by providing the City with an initial deposit of
$10,000 to be held in an account and used to pay the City's consultants for services described in this
letter. Funds will be replenished in accordance with the City's PID Policy as follows:
Capital PIDs: additional $10,000 increments will be deposited whenever the balance reaches
$2,500
O&M PIDs: additional $5,000 will be deposited whenever the balance reaches $1,500
The City will pay its consultants for work provided in accordance with the Agreement for
Administrative Services. All funds are non-refundable except on potential reimbursements from bond
proceeds. In addition to the funds being used to pay MuniCap, they will also be used to pay any other
city costs associated with the PID including, but not limited to, the City's Bond Counsel, Financial
Advisor, PID Administrator, Appraiser, and Market Study Analysis. The funds may also be used to pay
city staff time in excess of time which would be considered customary and usual for a typical
development.
Work under this letter will only be performed at the request of and with the direction of the
Developer and the City. MuniCap is providing these services under contract with the City of Baytown
and, by contract, is obligated to serve the City's best interests. By signing below, Developer recognizes
that the formation of the PID is at the City's discretion. The payment of the deposit for administrative
services or any other preliminary documentation does not obligate the City to the formation of a PID.
Developer is encouraged to read the City's PID Policy and Chapter 372 of the Texas Local Government
Code (the "PID" Act) to become familiar with the policies, laws and procedures that will be used in the
evaluation and creation of a PID.
MuniCap
By:
[NAME]
[TITLE]
[DEVELOPER ENTITY]
By:
[CONTACT]
[TITLE]
City of Baytown
By:
ATTACHMENT C
PETITION REQUIREMENTS
In accordance with the PID Act, the petition must state:
1. The general nature of the proposed improvements;
2. The estimated cost of the improvements;
3. The boundaries of the proposed assessment district;
4. The proposed method of assessment, which may specify included or excluded classes of
assessable property;
5. The proposed apportionment of costs between the PID and the municipality or county
as a whole;
6. Whether the PID will be managed by the municipality or county, by the private sector,
or by a partnership of the two;
7. That the persons signing the petition request or concur with the establishment of the
PID; and
8. That an advisory body may be established to develop and recommend an improvement
plan to the City Council.
Additional requirements include:
1. Signatures on the PID petition will include the signature of the owner, the owner's
printed name, the address of the property, the HCAD/CCAD account number of the
property and any other information deemed appropriate by the City.
2. Signatures for PID petitions must be gathered not more than three months preceding
submittal of the PID Application.
For a PID to be established, a petition shall include the following:
1. Evidence that the petition's signatures meet the state law requirements. If the
proposed district is an expansion of an existing district, a petition for the new portion of
the district must identify each subdivision, or portion thereof, within the proposed
boundaries of the new district, and each subdivision or portion thereof, that is not
currently in an existing PID shall individually satisfy the requirements for a petition
under Section 372.005 of the PID Act. Subdivision has the meaning assigned by Section
232.021 of the Texas Local Government Code.
2. Map of the area, a legal description of the boundaries of the district for the legal notices
and a "commonly known" description of the area to be included in the district.
3. Statement that the petitioners understand that the improvements assessed for, the
amount of the assessments and any annual budget for the PID is subject to review by
City staff with final approval by the City Council.
ATTACHMENT D
PETITION TEMPLATE
PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT WITHIN THE CITY OF BAYTOWN,
TEXAS FOR THE PUBLIC IMPROVEMENT DISTRICT
This petition ("Petition") is submitted and filed with the City Clerk of the City of Baytown, Texas
("City"), by , a owner of a majority of the real property (the
"Petitioner") located within the proposed boundaries of the District, as hereinafter defined. Acting
pursuant to the provisions of Chapter 372, Texas Local Government Code, as amended (the "Act"), the
Petitioner requests that the City create a public improvement district (the "District"), to include property
located within the City limits of the City (the "Property"), more particularly described by a metes and
bounds description in Exhibit A and depicted in Exhibit B. In support of this Petition, the Petitioner
would present the following:
Section 1. General Nature of the Authorized Improvements. The general nature of the
proposed public improvements (collectively, the "Authorized Improvements") may include: (i) street and
roadway improvements, including related sidewalks, drainage, utility relocation, signalization,
landscaping, lighting, signage, off-street parking and right-of-way; (ii) establishment or improvement of
parks and open space, together with the design, construction and maintenance of any ancillary
structures, features or amenities such as trails, playgrounds, walkways, lighting and any similar items
located therein; (iii) sidewalks and landscaping, including entry monuments and features, fountains,
lighting and signage; (iv) acquisition, construction, and improvement of water, wastewater and drainage
improvements and facilities; (v) projects similar to those listed in subsections (i) - (iv) above authorized
by the Act, including similar off -site projects that provide a benefit to the property within the District;
(vi) special supplemental services for improvement and promotion of the District; (vii) payment of costs
associated with operating and maintaining the public improvements listed in subparagraphs (i) - (v)
above; and (viii) payment of costs associated with developing and financing the public improvements
listed in subparagraphs (i) - (v) above, and costs of establishing, administering and operating the District.
These Authorized Improvements shall promote the interests of the City and confer a special benefit
upon the Property.
Section 2. Estimated Cost of the Authorized Improvements. The estimated cost to design,
acquire, and construct the Authorized Improvements, together with bond issuance costs, eligible legal
and financial fees, eligible credit enhancement costs and eligible costs incurred in the establishment,
administration, and operation of the District is $ .00. The City will pay none of the
costs of the proposed improvements from funds other than such assessments. The remaining costs of
the proposed improvements will be paid from sources other than the City or assessments of property
owners.
Section 3. Boundaries of the Proposed District. The District is proposed to include the
Property as shown in Attachment A.
Section 4. Proposed Method of Assessment. The City shall levy assessments on each parcel
within the District in a manner that results in imposing equal shares of the costs on property similarly
benefited, in compliance with the Act. All assessments may be paid in full at any time (including interest
and principal), and certain assessments may be paid in annual installments (including interest and
principal). If an assessment is allowed to be paid in installments, then the installments must be paid in
amounts necessary to meet annual costs for those Authorized Improvements financed by the
assessment, and must continue for a period necessary to retire the indebtedness of those Authorized
Improvements (including interest).
Section 5. Proposed Apportionment of Costs between the District and the City. The City
will not be obligated to provide any funds to finance the Authorized Improvements, other than from
assessments levied on the District, and possible tax increment reinvestment zone revenue. No municipal
property in the public improvement district shall be assessed. The Petitioner may also pay certain costs
of the improvements from other funds available to the Petitioner.
Section 6. Management of the District. The Petitioner proposes that the District be
managed by the City, with the assistance of a consultant, who shall, from time to time, advise the City
regarding certain operations of the District.
Section 7. The Petitioner Requests Establishment of the District. The person signing this
Petition requests the establishment of the District, is duly authorized, and has the corporate authority to
execute and deliver the Petition.
Section 8. Advisory Board. The Petitioner proposes that the District be established and
managed without the creation of an advisory board. If an advisory board is created, the Petitioner
requests that a representative of the Petitioner be appointed to the advisory board.
Section 9. Landowner(s). This Petition has been signed by (1) the owners of taxable real
property representing more than 50 percent of the appraised value of taxable real property liable for
assessment under the proposal, as determined by the current roll of the appraisal district in which the
property is located; and (2) record owners of real property liable for assessment under the proposal
who: (A) constitute more than 50 percent of all record owners of property that is liable for assessment
under the proposal; or (B) own taxable real property that constitutes more than 50 percent of the area
of all taxable real property that is liable for assessment under the proposal.
This Petition is hereby filed with the City Clerk of the City, or other officer performing the
functions of the City Clerk, in support of the creation of the District by the City Council of the City as
herein provided. The undersigned request that the City Council of the City call a public hearing on the
advisability of the Authorized Improvements, give notice thereof as provided by law and grant all
matters requested in this Petition.
RESPECTFULLY SUBMITTED, on this day of , 20
[Signature Pages on the Next Page]
Printed Name: Signature:
Address of Property in PID:
HCAD/CCAD M
Property Description:
Date of Acquired Property: _/_/J Appraised Value: Acres:
STATE OF TEXAS §
COUNTY OF §
Baytown, TX, 7752,_,
1 Before me, the undersigned notary public, on this day personally appeared
, known to me to be the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he/she executed the same for the purposes and
consideration therein expressed.
SUBSCRIBED AND SWORN before me this _ day of , 2020.
Notary Public in and for the State of Texas
Printed Name: Signature:
Address of Property in PID: Baytown, TX, 7752J
HCAD/CCAD M
Property Description:
Date of Acquired Property: _/_JJ Appraised Value: , Acres:
STATE OF TEXAS §
COUNTY OF §
2
Before me, the undersigned notary public, on this day personally appeared
, known to me to be the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he/she executed the same for the purposes and
consideration therein expressed.
SUBSCRIBED AND SWORN before me this _ day of , 2020.
Public in and for the State of Texas
Printed Name: Signature:
Address of Property in PID: Baytown, TX, 7752_,
HCAD/CCAD M
Property Description:
Date of Acquired Property: _/_J_, Appraised Value: , Acres:
STATE OF TEXAS §
COUNTY OF §
3
Before me, the undersigned notary public, on this day personally appeared
, known to me to be the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he/she executed the same for the purposes and
consideration therein expressed.
SUBSCRIBED AND SWORN before me this _ day of , 2020.
Notary Public in and for the State of Texas
EXHIBIT A
Metes and Bounds
EXHIBIT B
Property Depiction