Ordinance No. 9,290ORDINANCE NO. 9290
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, APPROVING THE PROJECT PLAN AND REINVESTMENT ZONE
FINANCING PLAN FOR REINVESTMENT ZONE NUMBER ONE, CITY OF
BAYTOWN PERTAINING TO THE SAN JACINTO MALL AREA;
AUTHORIZING THE CITY CLERK TO DISTRIBUTE SUCH PLANS;
CONTAINING VARIOUS PROVISIONS RELATED TO THE FOREGOING
SUBJECT; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
WHEREAS, the City Council of the City of Baytown passed Ordinance 9197 on
August 9, 2001, which created Reinvestment Zone Number One, City of Baytown (the "Zone ")
for the purposes of enhancing the value of all the taxable real property within the boundaries of
the Zone, including the San Jacinto Mall area; and
WHEREAS, the City Council of the City of Baytown passed Ordinance No. 9275 on
November 20, 2001, which enlarged Reinvestment Zone Number One, City of Baytown for the
purpose of encouraging residential development within the San Jacinto Mall area; and
WHEREAS, the Board of Directors of the Zone has adopted and recommended the
Project Plan and Reinvestment Zone Financing Plan (the "Proposed Plans "), which are on file in
the City Clerk's Office, and is incorporated herein by this reference for all intents and purposes;
and
WHEREAS, before the City Council and the Board of Directors of the Zone may
implement the Proposed Plans, the City Council must approve the Proposed Plans and determine
whether the Proposed Plans are feasible and in conformance with the City's master plans; and
WHEREAS, the City Council of the City of Baytown, Texas, has reviewed the Proposed
Plans and finds that such plans are feasible and in conformance with the City's master plan;
NOW, THEREFORE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: That the findings contained in the preamble of this Ordinance are declared
to be true and correct and are hereby adopted as part of this Ordinance.
Section 2: That the Project Plan and Reinvestment Zone Financing Plan, which are
attached hereto and incorporated hereinabove, for Reinvestment Zone Number One, City of
Baytown are hereby approved.
Section 3: This ordinance shall take effect immediately from and after its passage by
40, the City Council of the City of Baytown.
410 INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the
City of Baytown this the 13t" day of December, 2001.
I
.� G e� �'-
PETE C. ALFARO, Mayor
ATTEST:
GA 0,Y W. SMITH, City Clerk
APPROVED AS TO FORM:
ACIO RAMIREZ, R. City Attorney
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TAX INCREMENT REINVESTMENT ZONE, NUMBER ONE
CITY OF BAYTOWN
December 5, 2001
PROJECT PLAN AND REINVESTMENT ZONE
FINANCING PLAN
Reinvestment Zone Project Plan&Reinvestment Zone Financing Plan,City of Baytown
Hawes Hill&Associates, LLP
December 5,2001
TABLE OF CONTENTS
Page
PROJECT PLAN
4
I. Maps showing existing uses and conditions of real property within the
area of the proposed Zone
II. General economic conditions in Baytown in relation to the performance of 5
the San Jacinto Mall
III. Proposed changes in zoning ordinance, master plan of the municipality, 9
building codes and other municipal ordinances
IV. List of estimated non-project cost items 9
REINVESTMENT ZONE FINANCING PLAN
I. A detailed list describing the estimated projects of the Zone, including 11
administrative expenses
II. A statement listing the kind, number and location of all proposed public 12
works or public improvements in the Zone
III. The estimated amount of bonded indebtedness to be incurred 17
IV. The time when related costs or monetary obligations are to be incurred 17
V. A description of the methods of financing all estimated project costs and 17
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
VI. The current total appraised value of taxable real property in the Zone 18
VII. The estimated captured appraised value of the Zone during each year of 18
its existence
VIII. Duration of the Zone 18
Reinvestment Zone Project Plan&Reinvestment Zone Financing Plan,City of Baytown 2
Hawes Hill&Associates, LLP
December 5,2001
TABLES PAGE
A. Comparison of Cities Sales Tax Per Capita 6
B Regional Mall Retail Sales Per Square Foot Comparison 7
Including Anchors in 1999
C. San Jacinto Mall In-Line Permanent Historical Occupancy 8
D San Jacinto Mall In-Line Permanent Real Estate Tax Value (in 9
Millions)
E. Estimated Non-Project Cost 10
F. Estimated Non-Educational Cost 11
G. Educational Facilities Project Cost 11
H. Increment Dedicated to the Zone 13
MAPS
A. Aerial Depicting the Greater San Jacinto Mall Area Appendix A
B. TIRZ Boundary Map Appendix A
C. San Jacinto Mall — Proposed Phase 1 Improvements Appendix A
D. San Jacinto Mall —Proposed Phase 2 Improvements Appendix A
E. San Jacinto Mall — Proposed Phase 3 Improvements Appendix A
F. Eastpoint— Proposed Land Use Development Map Appendix A
G. LEGNA- Proposed Land Use Development Map Appendix A
SCHEDULES
A. Residential Build-Out Schedule Appendix B
B. Eastpoint Commercial Build-Out Schedule Appendix B
C. Mall Redevelopment/Vacant Land Build-Out Schedule Appendix B
D. Mall/Residential Development Assessed Valuations Appendix B
E. Mall/Residential Development Zone Revenue Schedule Appendix B
Reinvestment Zone Project Plan&Reinvestment Zone Financing Plan,City of Baytown 3
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December 5,2001
TAX INCREMENT REINVESTMENT ZONE NUMBER ONE,
CITY OF BAYTOWN
PROJECT PLAN
I. MAPS SHOWING EXISTING USES AND CONDITIONS OF REAL PROPERTY WITHIN
THE AREA OF THE PROPOSED ZONE
The Tax Increment Reinvestment Zone Number One, City of Baytown ("Zone") consists
of property located within the Baytown city limits ("City") in the general vicinity of the
intersection of Interstate 10 and Garth Road. The Zone boundary does not include
property located outside the city limits. The area within the boundaries of the
Reinvestment Zone includes the San Jacinto Mall, surrounding vacant property and the
proposed Eastpoint subdivision. The Zone totals 350 acres of land lying in the G. C.
Davis and the T. Patching Survey.
The following maps show the existing uses and conditions of real property within the
Zone:
Map A: An aerial photo depicting the greater San Jacinto Mall area
Map B: TIRZ Boundary Map
Commercial development immediately in and around the San Jacinto Mall represents
approximately 40% of the total land area. The remaining acreage consists of
undeveloped land located both north and south of Interstate 10.
Existing Conditions: Conclusions in Relation to Chapter 311, Section 005
The area around San Jacinto Mall located within the boundaries of the proposed TIRZ
substantially arrests and impairs the sound growth of the City of Baytown, retards the
provision of housing accommodations and constitutes an economic and social liability in
its current condition.
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December 5,2001
Map A demonstrates that the San Jacinto Mall area suffers from a predominance of:
1. Defective or inadequate sidewalk and street layout
2. Faulty lot layout in relation to size,adequacy, accessibility or usefulness
3. The deterioration of site and other improvements
4. Major utility easements which deter the capacity for commercial development
expansion
5. Economic disinvestments
6. Poor regional image
Map B displays the boundaries of the Zone. It clearly shows the predominately open land
surrounding the Mall that, because of obsolete platting and other factors (i.e., declining
ad valorem tax base and sales tax revenues), substantially arrests and impairs the sound
growth of the City. The need is to create a Zone large enough to provide the stimulus
necessary to reposition the existing retail center and to encourage new commercial and
residential development both within and outside the proposed TIRZ boundaries.
II. GENERAL ECONOMIC CONDITIONS IN BAYTOWN IN RELATION TO THE
PERFORMANCE OF THE SAN JACINTO MALL
In the 1980's, a major downturn in the regional economy affected the entire Houston
metropolitan area. Declining demand for manufacturing, goods and services resulted in
high unemployment and a serious depression in the commercial and residential real estate
markets. Since that time, the San Jacinto Mall has matured and entered a stage of overall
deterioration affected by age and lack of public and private renewal. Currently, San
Jacinto Mall has experienced an increase in physical, economic and social blighting
influences. Major components of the economic distress experienced by San Jacinto Mall
include excess vacancy rates, underutilized small shops space, closure of major retail
anchors and a general deterioration of the physical plant.
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December 5,2001
State and Municipal Sales Tax Trends
Municipal sales tax revenue for the City of Baytown ranks low as compared to similar
sized cities located within 50 miles of a major metropolitan center. Lagging sales
revenues at the San Jacinto Mall have contributed to this trend.
TABLE A
COMPARISON OF CITIES SALES TAX PER CAPITA
$300 —
$250 -
$200 -
C !
$150 -
$100 -
$50 104
-
S
PASADENA BAYTOWN COLLEGE DENTON SUGAR LAND ROUNDROCK LEWISVILLE
STATION
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December 5,2001
Regional Mall Retail Sales Comparison
San Jacinto Mall retail sales totals lag behind other major retail centers within the greater
Houston metropolitan area, a trend that continued throughout the 1990's. Currently, the
San Jacinto Mall ranks with Town and County Mall and Sharpstown Mall in sales per
square foot. Current market analysis data suggest that both Town and Country Mall and
Sharpstown Mall may close as a result of a continuing decline in sales.
TABLE B
REGIONAL MALL RETAIL SALES PER SQUARE FOOT COMPARISON
INCLUDING ANCHORS IN 1999
$600 -
$500 -
$400-
$300-
$200 -
$100 - iiil
L.
SHARPSTOWN TOWN AND SAN JACINTO DEERBROOK FIRST COLONY WILLOWBROOK THE GALLERIA
MALL COUNTRY MALL MALL MALL MALL MALL
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December 5,2001
San Jacinto Mall In-Line Permanent Historical Occupancy
The following graph shows the gradual decline in occupancy rates for small shops
located within the San Jacinto Mall. The mall is physically outdated and has a weak
tenant mix, with only a small percentage of mall space leased to national brand tenants.
A majority of the shops are occupied with small "mom and pop" operations, which pay
below-market-rate rents and provide little revenue to the sales tax base.
TABLE C
SAN JACINTO MALL IN-LINE PERMANENT HISTORICAL OCCUPANCY
90 -
81.90%
80 - 79.39%
75.06% 76.13%
70 - 54.95%
58.93%
60 - 55.72%
5.1.13% 52.46% 51.10% 50.71%
50 -
40 •
30 -
20 -
10 -
0 - 1
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
San Jacinto Mall In-Line Permanent Real Estate Tax Value (in Millions)
Property value trends declined approximately 73°o from $45.5 million in 1991 to $12.1
million in 2001. In the mid 1990's, a strong economy fueled by population and
employment growth, stimulated market demand for commercial and residential properties
in the Houston area, temporarily reversing an overall downward valuation trend. Since
that time, however, the area within the TIRZ has not fared well. The most recent tax
appraisal data for 2001 show a stark difference between metropolitan Houston and the
TIRZ area. This trend can be expected to persist as the physical plant continues to age
and will not benefit from an infusion of public infrastructure or significant private
investment.
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December 5,2001
TABLE D
SAN JACINTO MALL IN-LINE PERMANENT REAL ESTATE TAX VALUE
(In Millions)
50
45.5M 45.5M
45
39.9M
40
37.5M 37.5M
36
30
25
21.8M
20 16.8M
15.8M
iMI8MhIM1
.991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
III. PROPOSED CHANGES IN ZONING ORDINANCES, THE MASTER PLAN OF THE
MUNICIPALITY, BUILDING CODES AND OTHER MUNICIPAL ORDINANCES
All construction will be done in conformance with existing rules and regulations of the
City of Baytown. There are no proposed changes to any city ordinance, master plan or
building codes.
IV. LIST OF ESTIMATED NON-PROJECT COSTS
The list of estimated non-project costs referenced below reflects costs that the developer
will make toward the total development plan. These costs are listed as non-project costs
because they are costs not to be borne by the Zone. These costs reflect the investment
and commitment that has been made and that will continue to be made by the developer
over the thirty(30)year life of the Zone.
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December 5,2001
TABLE E
ESTIMATED NON- PROJECT COSTS
PROJECT ITEM: COST ESTIMATE:
1 Restaurants $ 2,100,000
2 Theater $ 2,340,000
3 Interior Mall Improvements $ 5,850,000
4 Exterior Mall Improvements $ 3,900,000
5 Hotel $ 12,000,000
6 Gateway Commercial Development $ 2,600,000
7 Gateway Streetscape $ 256,000
8 Gateway Monumentation $ 250,000
9 Residential Infrastructure $ 3,194.000
TOTAL $ 32,490,000
Reinvestment Zone Project Plan&Reinvestment Zone Financing Plan,City of Baytown 10
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December 5,2001
REINVESTMENT ZONE FINANCING PLAN
I. A DETAILED LIST DESCRIBING THE ESTIMATED PROJECT COSTS OF THE ZONE,
INCLUDING ADMINISTRATIVE EXPENSES
Estimated Non-Education Project Costs
The following lists the estimated infrastructure project costs for the Zone. It is expected
that developers will advance funds for the public infrastructure improvements and will be
reimbursed as provided in separate agreements and other documentation between the
developer, the Redevelopment Authority and the Zone. It is anticipated that the
infrastructure improvements will incur financing costs associated with the projects. Line
item amounts may be adjusted with approval of the Zone Board of Directors.
TABLE F
ESTIMATED NON-EDUCATION PROJECT COSTS
PROJECT ITEM: COST ESTIMATE:
1 Conference Center $ 2,000,000
2 Public Plazas $ 4,800,000
3 Public Roadways $ 11,000,000
4 Gateway Streetscape $ 440,000
5 Gateway Monumentation $ 250,000
6 Storm Drainage Improvements $ 3,000,000
7 Utility Relocation $ 5,000,000
8 Land Assembly $ 3,000,000
9 Convocation/Fine Arts Center $ 3,500,000
10 Residential Public Utilities $ 3,100,000
11 Fire, Police & EMS to support Residential $ 4,700,000
12 Zone Administration and Project Management $ 1.300.000
TOTAL $ 42,090,000
Estimated Education Project Costs
The following lists the education related project costs that will be funded by the
increment generated by Goose Creek ISD.
TABLE G
EDUCATION FACILITIES PROJECT COSTS
PROJECT ITEM: COST ESTIMATE:
1 Education Facilities and Infrastructure $ 18.000.000
TOTAL $ 18,000,000
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December 5,2001
II. STATEMENT LISTING KIND, NUMBER AND LOCATION OF ALL PROPOSED PUBLIC
WORKS OR PUBLIC IMPROVEMENTS IN THE ZONE
The following provides a description of project scope, the kind, number and location of
proposed public works or improvements in the Zone.
EXHIBITION AND CONFERENCE CENTER: $2,000,000
Concept:
An exhibition and conference center complex designed to become a destination location
for hospitality and convention functions for the Baytown.Eastern Harris County region.
The project will anchor the renovated mall, be designed to fully integrate with the
convocation/fine arts center and create its own center of activity.
Scope:
Construction of a multi-use conference center that will include exhibit hall arena areas,
ballrooms, and meeting rooms as well as pre-function, administration, and service and
support facilities. Emphasis will be on integrating the facility visually and functionally
into adjacent civic buildings and public plazas.
Impact/Results:
A conference center built within a mixed-use development will secure the development's
competitive position within the greater Houston area. The location adjacent to the
renovated mall, public plazas and convocation/fine arts center will provide tourists,
residents and employees maximum recreational, dining and entertainment opportunities.
PUBLIC PLAZAS: $4,800,000
Concept:
Destination attractions consisting of open transitional areas containing plazas, fountains,
landscaping and lakes that link the mall with the conference center and convocation fine
arts center.
Scope:
Construction of sidewalks, lighting, landscaping, lakes and plazas to improve the
functionality and safety of the pedestrian system and enhance the streetscape venue,
creating"community"through the use of similar landscape and plaza treatments.
Impact/Results:
The expected result is the encouragement of developers to invest in the Zone through the
purchase and development of pad sites adjacent to the public plaza/conference
center convocation center complex. The construction of multiple mid- to high-rise office
structures and hotels would provide additional increment to the Zone and increase the
viability of the conference and convocation/fine arts center complex.
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PUBLIC ROADWAYS: $11,000,000
Concept:
A boulevard network required for access to the hotel, conference and convocation fine
arts center complex and for the subsequent development of parcels located within the
greater mall area.
Scope:
The construction of new travel lanes, heavily landscaped esplanades, street trees,
sidewalk improvements, street lighting, curb, gutter and pavement improvements.
Impact/Results:
The street project will serve as a significant catalyst for redevelopment and revitalization
of the distressed retail center, will improve mobility in the greater mall area and provide
access to the new hotel,conference and convocation/fine arts center complex.
GATEWAY STREETSCAPE: $440,000
Concept:
Enhanced landscaping located within the entry portals to the mall and conference and
convocation/fine arts center complex from Interstate 10.
Scope:
Lush, high profile landscape treatments at the internal boulevard network access points
with Interstate 10 and Garth Road. A band of similar enhanced landscape treatment will
also be used along the entire Interstate 10 and Garth Road Mall frontage.
Impact/Results:
Emphasis will be on creating a shady, colorful and inviting environment for guests as
they enter the mall and conference and convocation/fine arts center complex. Intent is to
create a feeling of oasis that carries throughout the entire Zone.
GATEWAY MONUMENTATION: $250,000
Concept:
Signature monumentation located at the entry portals used to signify a sense of unique
identity and place.
Scope:
Construction of a spectacularly lighted marquee at the intersection of Garth Road and
Interstate 10 with changeable messages and banners for use in programming Civic Center
functions and current events.
Reinvestment Zone Project Plan&Reinvestment Zone Financing Plan,City of Baytown 13
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Impact/Results:
A highly visible and attractive entry monument will provide three functions. First, it will
provide an "eye catcher" function to motorists traveling on the Interstate 10 corridor,
informing them of the existence of a mall and conference and convocation fine arts center
complex in Baytown. Second, it will provide an opportunity to inform local residents of
the dates and times of current center events. Finally, if designed properly, it will become
a featured gateway landmark along the Interstate 10 corridor for the City of Baytown.
STORM DRAINAGE IMPROVEMENTS: $3,000,000
Concept:
Provide surface drainage as necessary to support Harris County Flood Control (HCFCD)
policy.
Scope:
Construction of storm drainage facility within the boundaries of the Zone to address
accessibility restrictions and reduce problems associated with bank stabilization and
safety.
Impact/Results:
Improvements to flood control and public safety as well as the creation of additional
development and circulation opportunities into the undeveloped portions of the Zone will
provide a positive impact to the development area.
UTILITY RELOCATION: $5,000,000
Concept:
Relocation of existing HL&P Reliant Energy transmission lines located immediately west
of mall.
Scope:
Relocate transmission lines from their existing location to an area beyond the activities of
the Zone. The relocation will include a crossing of Interstate 10.
Impact/Results:
The capacity of the greater mall building mass to be enlarged both horizontally and
vertically. The ability to attract potential developers for the construction of mid- to high-
rise commercial office and hotel tower blocks within the greater mall area.
Reinvestment Zone Project Plan&Reinvestment Zone Financing Plan,City of Baytown 14
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LAND ASSEMBLY: $3,000,000
Concept:
Land assembly associated with the redevelopment of the San Jacinto Mall is necessary to
acquire anchor store properties and relocate them to other pads on the mall site.
Repositioning of this center will require funding from the TIRZ to cause the
reconfiguration of the site. Land assembly is also required to purchase the site for the
future public plazas.
Scope:
Relocate anchor tenants and provide an integrated system of public plazas, pedestrian
walkways and outdoor performance art pavilions.
Impact/Results:
The complete redesign of the ingress and egress points to the public plazas from the
improved boulevard network while maintaining internal circulation to all components of
the redeveloped mall and adjacent conference and convocation fine arts center complex.
CONVOCATION/FINE ARTS CENTER: $3,500,000
Concept:
A convocation/fine arts facility built adjacent to the conference center for use by Lee
College and area school districts.
Scope:
Construct a facility to seat several thousand people for high school and college
convocations, seminars, lectures, special events and other assemblies.
Impact/Results:
This will address the lack of public auditoria in the northern Baytown area and provide
Lee College with an overflow facility. The intent is for the facility to be used primarily
by students, faculty and administration. However, external community organizations
might be permitted to book the facility after the college and school districts have reserved
their dates.
RESIDENTIAL PUBLIC UTILITIES: $3,100,000
Concept:
Facilitate the construction of 628 single-family residences by providing access to water,
sewer, and storm drainage systems.
Scope:
Construct residential underground utility systems in the areas north and south of San
Jacinto Mall. These subdivisions lie within Baytown city limits, and total allocated costs
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reflect 75°ro of the total project costs required for the installation of underground utilities
in the subdivision. This reimbursement is equivalent reimbursement awarded to a
development constructed by a municipal utility district located in adjacent areas of Harris
County.
Impact/Results:
Improved and expanded single-family communities located near to the renovated mall
and conference and convocation/fine arts complex will substantially improve the viability
of all TIRZ projects by providing increment and by increasing the number of households
with disposable income located within the market area of the Mall.
FIRE, POLICE AND EMERGENCY MEDICAL SERVICES TO SUPPORT RESIDENTIAL:
$4,700,000
Concept:
Localized public health and safety systems support of projects constructed within the
boundaries of the Zone.
Scope:
The provision of medical emergency fire services to the proposed residential
development.
Impact/Results:
Improve overall public safety through additional services to lower response time to
emergencies in the northern portion of the City of Baytown.
EDUCATIONAL FACILITIES AND INFRASTRUCTURE: $18,000,000
Concept:
These projects reflect the commitments made to the school and college district partners in
the Zone and are to be funded by the increment generated by them.
Scope:
Facilities and infrastructure constructed to serve the school and college districts. Costs
will include land acquisition and all related infrastructure support and amenities for
projects and facilities.
Maps and Tables showing the scope, the kind, number and location of proposed public
works or public improvements in the Zone are as follows:
Map C: Phase 1 -Proposed Improvements San Jacinto Mall
Map D: Phase 2-Proposed Improvements San Jacinto Mall
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Map E: Phase 3 Proposed Improvements San Jacinto Mall
Map F: Eastpoint Proposed Land Use Development Map
Map G: Legna Proposed Land Use Development Map
HI. THE ESTIMATED AMOUNT OF BONDED INDEBTEDNESS TO BE INCURRED
The estimated amount of bonded indebtedness that may be incurred by the Zone,
including both principal and interest, is approximately$102.3 million.
IV. THE TIME WHEN RELATED COSTS OR MONETARY OBLIGATIONS ARE TO BE
INCURRED
The time when related costs or monetary obligations are to be incurred is a function of
the availability of Zone revenues. Schedule E shows the time when Zone funds are
expected to be available to pay project costs.
V. 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
In accordance with Chapter 311.015 of the Tax Increment Financing Act, the City may
issue tax increment bonds or notes, the proceeds of which may be used to pay project
costs on behalf of the Zone. Upon creation of the proposed redevelopment authority, the
authority may be authorized to incur debt and issue debt or obligations to satisfy
developer reimbursements for eligible project costs. If such bonds are issued, bond
proceeds shall be used to provide for the project-related costs outlined in this plan. When
appropriate, developers will advance project-related costs and be reimbursed through the
issuance of bonds,notes or other obligations.
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Sources of Tax Increment Revenue:
The purpose of the Zone is to provide the necessary public improvements to support
commercial development redevelopment and some residential development. Schedules
A, B, and C show the build-out projection and the annual captured appraised value for the
Eastpoint subdivision and commercial property, and the new improvements and increases
in value of the redeveloped properties within the San Jacinto Mall area. Schedule D
shows the projected assessed valuations during the development/build-out period and
Schedule E depicts the Zone revenue schedule with each taxing unit's participation for all
areas within the Zone.
Increased property values depicted in schedules are a reflection of the potential
residential and commercial vacant land development, as well as the redevelopment
potential of San Jacinto Mall. Value increases related to the San Jacinto Mall
revitalization are based on a preliminary plan currently being developed by the mall
ownership.
TABLE H
INCREMENT DEDICATED TO THE ZONE
Taxing Unit Tax Rate Dedicated
City of Baytown $0.73703/$100
Harris County $0.26930/$100
Lee College $0.21930/$100
Goose Creek I.S.D. $0.86000/$100
VI. THE CURRENT TOTAL APPRAISED VALUE OF TAXABLE REAL PROPERTY IN THE
ZONE
The total current appraised value within the Zone is$52,833,770.
VII. THE ESTIMATED CAPTURED APPRAISED VALUE OF THE ZONE DURING EACH YEAR
OF ITS EXISTENCE
The estimated captured appraised value of the Zone during each year of its existence is
shown in Schedules D and E.
VIII. DURATION OF THE ZONE
The duration is 30 years.
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APPENDIX A
MAPS
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APPENDIX B
SCHEDULES
Reinvestment Zone Project Plan&Reinvestment Zone Financing Plan,City of Baytown 20
Hawes Hill&Associates, LLP
December 5,2001
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