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Ordinance No. 14,637ORDINANCE NO. 14,637 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, CHANGING THE BOUNDARIES OF REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS; APPROVING THE RESTATED AND SEVENTH AMENDMENT TO THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS; AUTHORIZING THE CITY CLERK TO DISTRIBUTE SUCH PLANS; CONTAINING FINDINGS AND PROVISIONS RELATED TO THE FOREGOING SUBJECTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ****************************************************************************** WHEREAS, the City Council of the City of Baytown ("City") pursuant to the provisions of Chapter 311, Texas Tax Code, created Reinvestment Zone Number One, City of Baytown, Texas, (the "Zone"), by Ordinance 9197, adopted August 9, 2001; and WHEREAS, by Ordinance No. 9275, adopted November 20, 2001, the City enlarged Reinvestment Zone Number One, City of Baytown, Texas, for the purpose of encouraging residential development within the San Jacinto Mall area; and WHEREAS, by Ordinance No. 9290, adopted December 13, 2001, the City approved the Project Plan and Reinvestment Zone Financing Plan; and WHEREAS, by Ordinance No. 9708, adopted January 22, 2004, the City enlarged Reinvestment Zone Number One, City of Baytown, Texas, to include approximately 45 acres adjacent to John Martin Road; and WHEREAS, by Ordinance No. 9968, adopted December 9, 2004, the boundaries of the TIRZ were restated to include 474 acres expanded in 2001 and 45 acres annexed in 2004; and WHEREAS, by Ordinance No. 10,923, adopted July 24, 2008, the City approved the Restated and First Amended Project Plan and Reinvestment Zone Financing Plan; and WHEREAS, by Ordinance No. 10,982, the City ratified Ordinance 10,923; and WHEREAS, by Ordinance No. 12,111, adopted November 19, 2012, the City enlarged Reinvestment Zone Number One, City of Baytown, Texas, to include Sjolander Road and property to the east of Sjolander Road and North of I-10, to be developed as a Chevron Phillips chemical plant; and WHEREAS, by Ordinance 12,112, adopted November 19, 2012, the City approved the Second Amended Project Plan and Reinvestment Zone Financing Plan; and WHEREAS, by Ordinance 12,730, adopted December 11, 2014, the City approved the Third Amended Project Plan and Reinvestment Zone Financing Plan, excluded land from the Zone, and enlarged the Zone to include approximately 45 acres of land along John Martin Road; and WHEREAS, by Ordinance No. 12,918, adopted August 13, 2015, the City approved the Fourth Amended Project Plan and Reinvestment Zone Financing Plan, and enlarged the Zone to include approximately 79 acres along Wallisville Road; and WHEREAS, by Ordinance No. 13,397, adopted January 26, 2017, the City approved the Third Interlocal Agreement with Harris County and the Restated and Fifth Amended Project Plan and Reinvestment Zone Financing Plan; and WHEREAS, by Ordinance No. 13,423, adopted March 9, 2017, the City approved the Sixth Amended Project Plan and Reinvestment Zone Financing Plan; and WHEREAS, on December 10, 2020, the City Council approved and restated the boundaries of the Zone; and WHEREAS, the City may reduce or enlarge the boundaries of an existing reinvestment zone pursuant to Section 311.007, Texas Tax Code; and W 1IEREAS, the Board of Directors of the Zone has requested that the City Council exclude certain land from the Zone boundaries on the basis that the excluded land will not benefit from continued inclusion in the Zone; and WHEREAS, the proposed enlarged zone meets the requirements for enlarging an existing reinvestment zone pursuant to Section 311.006(b), Texas Tax Code; and WHEREAS, the proposed improvements in the enlarged zone will significantly enhance the value of all taxable real property in the proposed enlarged zone and will be of general benefit to the City; and WHEREAS, the Board of Directors of the Zone considered and adopted the Restated and Sixth Amended Project Plan and Reinvestment Zone Financing Plan, which excluded land from the Zone and enlarged the Zone, and recommended the Amendment for approval by City Council; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: The findings and recitals contained in the preamble of this ordinance are hereby found and declared to be true and correct and are adopted as part of this ordinance for all purposes. Section 2: The City, acting under and in accordance with the provisions of Chapter 311, Texas Tax Code, including Sections 311.006 and 311.007(a), does hereby change the boundaries of Reinvestment Zone Number One, City of Baytown, Texas, as follows: a. The Disannexation Area described in Exhibit B and depicted on the map in Exhibit A, each attached hereto, is hereby removed from the Zone. b. The Annexation Area described in Exhibit C and depicted on the map in Exhibit A, each attached hereto, is hereby annexed into the Zone. Section 3: The boundaries of the Zone shall be changed as of the effective date of this ordinance. Section 4: The tax increment base for the enlarged Zone shall include the tax increment base established by the Ordinance creating the Zone and shall include the tax increment base attributable to the annexation area added to the Zone by this Ordinance, which tax increment base shall be January 1, 2020. Section 5: The Plan as amended is attached hereto as Exhibit D and is incorporated herein for all intents and purposes. The Amendment is determined to be feasible and is approved. The appropriate officials of the City are authorized to take all steps reasonably necessary to implement the Amendment. Section 6: The City Clerk is directed to provide copies of the Amendment to each taxing unit levying ad valorem taxes in the Zone. 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. 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 affirmative vote of the ity Council of the City of Baytown this the 2 1 " day of December, I A I BRANDON-A,PETILLO,) Mayor LE ICIA BRYSCH C ty Clerk LL 00 CP ° DPP OV S TO FORM: 60YS I _ KA L. ffO R, City Attorney R: Karen Homer Documents Files City Council Ordinances\2020 December 21 TIRZ Changing Boundaries & Seventh Amendment Ordinance.docx Exhibit A 2020 Amendment (Property to be Added to the Zone) Friendswood Development S Wants and u n 3 HARLEM EL L, Wang .. Tract No. McLean Rd r1Ch6 i L3UT4 Rd b Wang- Trad So. a` eIJ Rd ro 2020 Annexation Boundary Public School Current County Participation Current City Participation CITY OF BAYTOWN TIRZ NO. 1 GOOSE CREEK MEMU WA C arawag YaUY LakeC Ci(�r9 V�CTORA, WALKER EL BANU EL Creek CISD Ir .i O) Hent pd z ALANIO mr - r n+ c r in �F[3dsY&P�r1� -,A �r CtKndr. $ ou Lynch6ufg Rd Data Layar Sourcos Esri, HERE, Garmla, USGS, Int—p, INCREMENT P. NRCan. Esri Japan. METI, Esn Chars (Hong Kong). Esri Koroa Esri (Thailand), NGCC, (c) Op-StreetMep contributors, and the US User Community 2019; TEA 2019, HCAD Oct 2020. City or Baytown Nov. 9 Map source: HHA LLP 12/112020 - 0 0.25 0.5 Miles rie fif I 1 1 Exhibit A 2020 Amendment (Property to be Removed from the Zone) CITY OF BAYTOWN TIRZ NO. I 2020 De -Annex of Trads within Chevron i Existing Zone Boundary Baytown Corp. Limit t S �µERRv� - 0 WY.r y` �RaAYpV LYNCNBURG RUz w ONtER q0 i O.tb: '� Opp NEEOIEPOfNY ON�aEPaN1 ��r� _ K4° HARRIS JL'' COUNTY A Ems— t"o - Lerx CHAMBERS COUNTY O 3 ` Iy TT t j � � - 0 015 0.5 Mibs po Exhibit T" JURISDICTIONAL BOUNDARY DESCRIPTION OF AREAS TO BE DIS-ANNEXED FROM TAX INCREMENT REINVESTMENT ZONE NUMBER ONE CITY OF BAYTOWN, HARRIS COUNTY ETHYLENE UNIT 1594 DESCRIPTION OF A 51.472-ACRE TRACT OF LAND OUT OF THE WILLIAM BLOODGOOD SURVEY, A-4, HARRIS COUNTY, TEXAS Being a 51.472-acre (2,242,121 square foot) tract of land out of the William Bloodgood Survey, A-4, Harris County, Texas. Said 51 .472-acre tract being a portion of a 611.799-acre tract of land conveyed to Chevron Chemical Company, now Chevron Phillips Chemical Company, as recorded under Harris County Clerk's File Number K160640, Film Code Number 023-70-2135 of the Official Public Records of Real Property Harris County, Texas and being more particularly described by metes and bounds as follows, with the basis of bearings being the Texas State Plane Coordinate System (South Central Zone) (NAD83) as derived by GPS methods: COMMENCING at a point at the intersection of the north right-of-way line of Interstate Highway 10 (width varies) and the northwest right-of-way of the Southern Pacific Railroad (100 feet wide); THENCE South 85' 31' 26" West, over and across said Chevron Chemical Company tract, a distance 2,956.12 feet to a point for the southeast comer and the POINT OF BEGINNING of said tract herein described located at Texas State Plane Coordinate (NAD 83) (South Central Zone) N: 13,868,761.30 E: 3,260,695.35 ; THENCE South 77' 21' 22" West, with the south line of said tract herein described, a distance of 1,975.00 feet to a point for the southwest corner of said tract herein described; THENCE North 120 38' 38" West, with the west line of said tract herein described, a distance of 1,135.25 feet to a point for the northwest corner of said tract herein described; THENCE North 770 21' 22" East, with the north line of said tract herein described, a distance of 1,975.00 feet to a point for the northeast corner of said tract herein described; THENCE South 12' 38' 38" East, with the east line of said tract herein described, a distance of 1,135.25 feet to the POINT OF BEGINNING and containing 51.472 acres (2,242,121 square feet) of land. NORTH ISBL (HU-1891) DESCRIPTION OF A 3.975-ACRE TRACT OF LAND OUT OF THE WILLIAM BLOODGOOD SURVEY, A-4, HARRIS COUNTY, TEXAS Being a 3.975-acre (173,157 square foot) tract of land out of the William Bloodgood Survey, A-4, Harris County, Texas. Said 3.975-acre tract being a portion of a tract of land conveyed to Chevron Chemical Company, now Chevron Phillips Chemical Company, as recorded under Harris County Clerk's File Number K160640, Film Code Number 023-70-2135 of the Official Public Records of Real Property Hanis County, Texas and being more particularly described by metes and bounds as follows, with the basis of bearings being the Texas State Plane Coordinate System (South Central Zone) (NADS3) as derived by GPS methods: COMMENCING at a point at the intersection of the north right-of-way line of Interstate Highway 10 (width varies) and the northwest right-of-way of the Southern Pacific Railroad (100 feet wide); THENCE North 500 06' 04" West, over and across said Chevron Chemical Company tract, a distance I,924.87 feet to a point for the most southerly corner and POINT OF REGINNING of said tract herein described located at Texas State Plane Coordinate (NAD83) (South Central Zone) N: 1 3,8 70,226.5 5, E: 3,262,1 6 5.60 ; THENCE North 120 38' 38" West, with a west line of said tract herein described, a distance of 130.00 feet to a point for an interior corner of said tract herein described; THENCE South 77' 21' 22" West, with a south line of said tract herein described, a distance of 295.00 feet to a point for the most westerly corner of said tract herein described; THENCE North 120 38' 38" West, with a west line of said tract herein described, a distance of 230.00 feet to a point for the northwest corner of said tract herein described; THENCE North 770 21' 22" East, with the north line of said tract herein described, a distance of 587.50 feet to a point for the northeast comer of said tract herein described; THENCE South 12' 38' 38" East, with the east line of said tract herein described. a distance of 360.00 feet to a point for the southeast corner of said tract herein described; THENCE South 770 21' 22" East, a distance of 292.50 feet to the POINT OF BEGINNING and containing 3.975 acres (173,157 square feet) of land. DESCRIPTION OF A 3.246-ACRE TRACT OF LAND OUT OF THE WILLIAM BLOODGOOD SURVEY, A-4, HARRIS COUNTY, TEXAS Being a 3.246-acre (141,380 square foot) tract of land out of the William Bloodgood Survey, A-4, Harris County, Texas. Said 3.246-acre tract being a portion of a 61 1.799-acre tract of land conveyed to Chevron Chemical Company, now Chevron Phillips Chemical Company, as recorded under Harris County Clerk's File Number K160640, Film Code Number 023-70-2135 of the Official Public Records of Real Property Harris County, Texas and being more particularly described by metes and bounds as follows, with the basis of bearings being the Texas State Plane Coordinate System (South Central Zone) (NAD83) as derived by GPS methods: COMMENCING at a point at the intersection of the north right-of-way line of Interstate Highway 10 (width varies) and the northwest right-of-way line of the Southern Pacific Railroad (100 feet wide); THENCE North 35' 25' 17" West, over and across said Chevron Chemical Company tract, a distance 1,331.85 feet to a point for the southeast corner and the POINT OF BEGINNING of said tract herein described located at Texas State Plane Coordinate (NAD83 ) (South Central Zone) N: 13, 870,07 7 .22 E: 3,262,87 0 .32; THENCE South 77' 21' 22" West, with the south line of said tract herein described, a distance of 362.50 feet to a point for the southwest corner of said tract herein described; THENCE North 120 38' 38" West, with the west line of said tract herein described, a distance of 390.00 feet to a point for the northwest corner of said tract herein described; THENCE North 770 21' 22" East, with the north line of said tract herein described, a distance of 362.50 feet to a point for the northeast corner of said tract herein described; THENCE South 12' 38' 38" East, with the east line of said tract herein described, a distance of 390.00 feet to the POINT OF BEGINNING and containing 3.246 acres (141,380 square feet) of land. Compiled By: Weisser Engineering Company 19500 Park Row, Suite 100 Houston, Texas 77084 Job No.: CM1041 (1442-091) Date: 03.15/13 End of 2020 Dis-Annex of three tracts within Chevron Phillips Plant Exhibit "C" JURISDICTIONAL BOUNDARY DESCRIPTION OF AREAS TO BE ANNEXED TO TAX INCREMENT REINVESTMENT ZONE NUMBER ONE CITY OF BAYTOWN, HARRIS COUNTY 2020 Annexation Tract 1 of 2 is +/- 838.1 acre tract of land situated in City of Baytown, and unincorporated Harris County, Texas and being more particularly described as follows: BEGINNING at boundary line of Baytown TIRZ 1 (051) at the intersection of west right-of-way of Garth Rd and north right-of-way of W Cedar Bayou Lynchburg Rd; Then generally west by north along north right-of-way of W Cedar Bayou Lynchburg Rd to east right-of- way of John Martin Rd; Then north by west along east right-of-way of John Martin Rd to southwest corner of 46.9053 acre tract (ELENA FRUIT & COTTON FARMS D TR 37 BLK 37); Then east by north along south boundary of said 46.9053 acre tract to southeast corner of said tract at west right-of-way of San Jacinto Blvd, and boundary line of Baytown TIRZ 1 (051); Then generally north northeast and north along east boundary of said 46.9053 acre tract, and boundary line of Baytown TIRZ 1 (051) to northeast corner of said tract, same being south boundary of 14.558 acre tract (ELENA FRUIT & COTTON FARMS D PT TR 26A); Then east by north along south boundary of said 14.558 acre tract, and boundary line of Baytown TIRZ 1 (051) to southeast corner of said tract; Then north by west along east boundary of said 14.558 acre tract, and boundary line of Baytown TIRZ 1 (051) to northeast corner of said tract; Then west by south along north boundary of said 14.558 acre tract, and boundary line of Baytown TIRZ 1 (051) to southeast corner of 14.0085 acre tract (ELENA FRUIT & COTTON FARMS D TR 26B IN LT 26); Then generally north by west along east boundary of said 14.0085 acre tract, and boundary line of Baytown TIRZ 1 (051), to northeast corner of said tract; Then west by south along north boundary of said 14.0085 acre tract, and boundary line of Baytown TIRZ 1 (051) to northwest corner of said tract, same being east right-of-way of John Martin Rd; Then generally north by west and north along east right-of-way of John Martin Rd, and boundary line of Baytown TIRZ (051) and City Baytown TIRZ 1 Exp (051), continuing across right-of-way of IH-10 to south right-of-way of E Wallisville Rd; Then east along south right-of-way of E Wallisville Rd to a point south by east of east right-of-way of Haney Rd; Then north across right-of-way of E Wallisville Rd to southwest corner of +/- 0.0772 acre tract (ABST 620 T PATCHING TR 213), same being north right-of-way of E Wallisville Rd; Then east along north right-of-way of E Wallisville Rd, and south boundary of 65.389 acre tract (ABST 620 T PATCHING TR 2J-8) to southeast corner of said tract; Then north northwest along east boundary of said 65.389 acre tract to south corner of 13.4409 acre tract (ABST 620 T PATCHING TR 2J-2); Then west northwest, northeast and north by west along west boundary of said 13.4409 acre tract, and ABST 620 T PATCHING TR 2J-3 through 7 (Directors Lot A-E) to northwest corner of said ABST 620 T PATCHING TR 2J-3 (Directors Lot A), same being interior corner of said 65.389 acre tract; Then generally east along north boundary of said ABST 620 T PATCHING TR 2J-3 (Directors Lot A) to northeast comer of said tract, same being east corner of said 65.389 acre tract; Then generally southwest along north boundary of said 65.389 acre tract to east right-of-way of Haney Rd; Then north by west along east right-of-way of Haney Rd to southwest corner of 62.431 acre tract (ABST 620 T PATCHING TR 2L); Then generally northeast along southeast boundary line of said 62.431 acre tract to east corner of said tract; Then north northwest along east boundary of said 62.431 acre tract to northeast corner of said tract; Then west by south along north boundary of said 62.431 acre tract to northwest corner of said tract, same being east right-of-way of Haney Rd; Then generally south by east along east right-of-way of Haney Rd to a point east of intersection with north right-of-way of Lance Rd, and southeast corner of 0.3375 acre tract (CANAL TERRACE UIR TR 8B E 1/2 OF LT 8); Then west across Haney Rd to west right-of-way of Haney Rd and southeast corner of said 0.3375 acre tract; Then generally south by east along west right-of-way of Haney Rd to north right-of-way of E Wallisville Rd; Then west along north right-of-way of E Wallisville Rd to a point north of west right-of-way line of John Martin Rd; Then south across right-of-way of E Wallisville Rd, and along west right-of-way line of John Martin Rd to southeast corner of 8 acre tract (ELENA FRUIT & COTTON FARMS C TR 43C BLK 27), same being corner of 42.8117 acre tract (ELENA FRUIT & COTTON FARMS C TRS 26B & 26C BLK 26 & TRS 27Q & 43 BLK 27); Then west along north boundary of said 42.8117 acre tract to interior corner of said tract, same being southwest corner of said 8 acre tract; Then north along boundary of said 42.8117 acre tract to northeast corner of said tract, same being southeast corner of 10.16 acre tract (ELENA FRUIT & COTTON FARMS C TR 38A BLKS 26 & 27); Then west along north boundary of said 42.8117 acre tract to boundary of 53.402 acre tract (ELENA FRUIT & COTTON FARMS C TRS 26 26A 26B 38B 43B & 43-1 BLKS 25 & 26), same being southwest corner of said 10.16 acre tract; Then north along east boundary of said 42.8117 acre tract to northeast corner of said tract, same being south right-of-way of E Wallisville Rd; Then west along north boundary of said 42.8117 acre tract, same being south right-of-way of E Wallisville Rd to northwest corner of said 42.8117 acre tract; Then generally south along west boundary of said 42.8117 acre tract, across right-of-way of Battlebell Rd to north boundary of 20.1989 acre tract (HIGHLAND FARMS LTS 11 12 29 & 30 BLK 6); Then west along south right-of-way of Battlebell Rd, same being north boundary of said 20.1989 acre tract to northwest corner of said tract; Then south along west boundary of said 20.1989 acre tract, across right-of-way of Jones Rd to south right-of-way of Jones Road, same being north boundary of 32.4523 acre tract (HIGHLAND FARMS LTS 9 10 11 & 12&TRS 678 13 14& 15BLK 15); Then west along north boundary of said 32.4523 acre tract, same being south right-of-way of Jones Rd to northwest corner of said 32.4523 acre tract; Then generally southeast along west boundary of said 32.4523 acre tract to southwest corner of said tract; Then east along south boundary of said 32.4523 acre tract, and boundary of 61.75 acre tract (ELENA FRUIT & COTTON FARMS C TR 50 BLK 45) to interior corner of said 61.75 acre tract; Then south along boundary of said 61.75 acre tract to northwest corner of 1 acre tract (ELENA FR & CTN FARMS TR 45-B & PT UNIT 50 SAM HOUSTON FARMS); Then east northeast along north boundary of said of 1 acre tract to northeast corner of said tract; Then south along east boundary of said of 1 acre tract to southeast corner of said tract; Then west southwest along south boundary of said of 1 acre tract to southwest corner of said tract, same being southeast corner of 5.74 acre tract (HIGHLAND FARMS TRS l0A 11 A & 12A-1 BLK 16); Then southwest by south along south boundary of said 5.74 acre tract to southwest corner of said tract, same being east boundary of 30.54 acre tract (HIGHLAND FARMS LTS 8 & 9 & TRS 10 11 12A 13A 14A & 15A BLK 16); Then south southeast along east boundary of said 30.54 acre tract to southeast corner of said tract, same being north right-of-way of westbound frontage road of IH-10; Then generally east by north along north right-of-way of westbound frontage road of IH-10 to west right- of-way of John Martin Rd; Then south by east along west right-of-way of John Martin Rd, across right-of-way of IH 10, to southeast corner of 17.8928 acre tract (BUCEES NO 34 RESERVE); Then west by south along south boundary of said 17.8928 acre tract to south corner of said tract; Then northwest by north and north by west along boundary of said 17.8928 acre tract to northwest corner of said tract, same being south right-of-way of eastbound frontage road of I1-1-10; Then west by south along south right-of-way of eastbound frontage road of I1-1-10, and north boundary of ELENA FRUIT & COTTON FARMS D TR 55M BLK 6 and TR 55V BLKS 6 & 18 to northwest corner of 42.5956 acre tract (ELENA FRUIT & COTTON FARMS D TR 55V BLKS 6 & 18); Then generally south along west boundary said 42.5956 acre tract, and 128.2277 acre tract (ELENA FRUIT & COTTON FARMS D BLKS 25 & 38), and 56.286 acre tract (ELENA FRUIT & COTTON FARMS D PT TR 131 A BLK 131), to south right-of-way of W Cedar Bayou Lynchburg Rd; Then east by south along south right-of-way of W Cedar Bayou Lynchburg Rd to west right-of-way of Garth Rd and boundary line Baytown TIRZ 1; Then north across right-of-way of W Cedar Bayou Lynchburg Rd, and along boundary line Baytown TIRZ 1 to north right-of-way of W Cedar Bayou Lynchburg Rd and beginning point of +/- 838.1 acre annexation tract 1 of 2. Save and Except Tract 1 of 2 is +/- 119.6 acre tract of land situated in G. C. & S. F. RR. Abstract 1017, unincorporated Harris County, Texas and being more particularly described as follows: BEGINNING at the intersection of north right-of-way of W Cedar Bayou Lynchburg Rd and west right-of-way of John Martin Rd; Then west by north along north right-of-way line of W Cedar Bayou Lynchburg Rd to southeast corner of 56.286 acre tract (ELENA FRUIT & COTTON FARMS D PT TR 131A BLK 131); Then generally north along east boundary of said 56.286 acre tract to corner of said tract, and south easement of drainage channel (trib. to Goose Creek); Then west by south and southwest along boundary of said 56.286 acre tract and south easement of drainage channel (trib. to Goose Creek) to interior corner of said 56.286 acre tract; Then north by west along boundary of said 56.286 acre tract and across drainage channel (trib. to Goose Creek) to interior corner of said 56.286 acre tract; Then southeast and east by north along boundary of said 56.286 acre tract and north easement of drainage channel (trib. to Goose Creek) to corner of said 56.286 acre tract, same being west boundary of 4.0295 acre tract (ELENA FRUIT & COTTON FARMS D TR 131 B BLK 131); Then north by west along west boundary of said 4.0295 acre tract to northwest corner of said tract; Then east by north along north boundary of said 4.0295 acre tract to northeast corner of said tract, same being west boundary of 1.88 acre tract (HIGHLAND FARMS TR 48A BLK 30); Then north by west along west boundary of said 1.88 acre tract, and 10.52 acre lot (HIGHLAND FARMS LT 48 BLK 30) to north west corner of said lot 48; Then east along north boundary of said lot 48 to northeast corner of said lot, same being west right-of-way of John Martin Rd; Then south by east along west right-of-way of John Martin Rd to north right-of-way of W Cedar Bayou Lynchburg Rd and beginning point of +/- 119.6 acre Save and Except Tract 1 of 2. Save and Except Tract 2 of 2 is +/- 25.173 acre tract of land situated in G. C. & S. F. RR. CO. Abstract 1543, G. C. DAVIS Abstract 1472, City of Baytown, Harris County, Texas and being more particularly described as follows: BEGINNING approx. 1,217 feet south of intersection of John Martin Rd and eastbound access road to IH-10 at west right-of-way of John Martin Rd and northeast corner of 0.912 acre tract (ELENA FURIT & COTTON FARMS D TR 55W BLK 18); Then south by east along west right-of-way of John Martin Rd to southeast corner of 2.011 acre tract (ELENA FRUIT & COTTON FARMS D TR 55 BLK 18 (3,289 SQFT EASEMENT)); Then west along south boundary of said 2.011 acre tract to southwest corner of said tract, same being southeast corner of 43.5956 acre tract (ELENA FRUIT & COTTON FARMS D TR 55V BLKS 6 & 18); Then north by west along east boundary of said 43.5956 acre tract to northwest corner of 0.912 acre tract (ELENA FURIT & COTTON FARMS D TR 55W BLK 18); Then east by north along north boundary of said 0.912 acre tract to northeast corner of said tract same being west right-of-way of John Martin Rd and beginning point of +/- 25.173 acre Save and Except Tract 2 of 2. Annexation Tract 2 of 2 is 3.895 acres of land situated in City of Baytown, Harris County, Texas and being more particularly described as follows: BEGINNING at boundary line of Baytown TIRZ 1 (051) at the intersection of east right-of-way of San Jacinto Blvd and southwest corner of 3.895 acre tract (ELENA FRUIT & COTTON FARMS D TR 37B BLK 37); Then east by north along south boundary of said 3.895 acre tract to southeast corner of said tract; Then north by west along east boundary of said 3.895 acre tract to northeast corner of said tract, same being boundary line of Baytown TIRZ 1 (051); Then west by north along north boundary of said 3.895 acre tract to north corner of said tract, same being boundary line of Baytown TIRZ 1 (051); Then generally southwest and south southwest along west boundary of said 3.895 acre tract to southwest corner of said tract, same being boundary line of Baytown TIRZ 1 (051) and beginning point of 3.895 acre annexation tract 2 of 2. Exhibit T" REINVESTMENT ZONE NUMBER ONE CITY OF BAYTOWN, TEXAS SEVENTH AMENDED PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN DECEMBER 2020 REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS Seventh Amended Project Plan and Reinvestment Zone Financing Plan Table of Contents Introduction..................................................................................................................................... 3 History of Redevelopment Efforts in the Zone................................................................................ 4 Redevelopment Plan Concept and Goals........................................................................................ 4 ProjectPlan...................................................................................................................................... 5 Reinvestment Zone Finance Plan.................................................................................................... 8 Exhibit 1— Projected Zone Revenues —All Entities Exhibit 2A — Project Zone Revenues — City, Original Zone + Hunt Exhibit 26 - Projected Revenues — Harris County, Original Zone Exhibit 2C — Projected Revenues — Chambers County, 2017 Amendment Exhibit 2D — Projected Revenues — City, 2020 Amendment Exhibit 2E — Projected Revenues — Harris County, 2020 Amendment Exhibit 3 — Boundary Description (2020 Amendment) Map 1— 2020 Amendment (Property to be Added to the Zone) Map 2 — 2020 Amendment (Property to be Added to the Zone) —Aerial View Map 3 - 2020 Amendment (Property to be Added to the Zone) — Property Classification Map 4 - 2020 Amendment (Property to be Removed from the Zone) Map 5 — Proposed Harris County Participation -2- Introduction The Reinvestment Zone Number One, City of Baytown, Texas ("Zone"), was created by the City Council of the City of Baytown, Texas ("City") on August 9, 2001 by Ordinance No. 9197. City Council subsequently approved the Project Plan and Reinvestment Zone Financing Plan in December 2001. The purpose of the tax increment reinvestment zone (the "Zone") is to finance construction of public facilities and infrastructure necessary to catalyze commercial and residential development and redevelopment within the Zone boundaries. The Original Zone covered approximately 350 acres and included San Jacinto Mall, surrounding vacant property, and several proposed residential developments. Since its creation, the Project Plan and Reinvestment Zone Financing Plan has undergone the following amendments: • November 20, 2001 —The boundaries of the Zone were enlarged to 474 acres, pursuant to Ordinance No. 9275. • December 13, 2001 — The Project Plan and Financing Plan was approved by Ordinance 9290. • January 22, 2004 —The boundaries of the Zone were enlarged to include approximately 45 acres adjacent to John Martin Road, pursuant to Ordinance No. 9708. • December 9, 2004 — The boundaries of the TIRZ were restated to include 474 acres expanded in 2001 and 45 acres annexed in 2004, pursuant to ordinance 9968. • July 24, 2008 - Restated and First Amended Project Plan and Reinvestment Zone Financing Plan was approved by City Council by Ordinance No 10,923. This Plan provided for improvements to the roadway network including Hunt Road, San Jacinto Boulevard and John Martin Road. Additionally, the plan provided for infrastructure improvements including water, wastewater and drainage to support several residential developments. • October 9, 2008 — City Council ratified Ordinance No. 10,923 pursuant to Ordinance No. 10,982. • November 19, 2012 - Second Amended Project Plan and Reinvestment Zone Financing Plan was approved by City Council by Ordinance No. 12,112. As part of this amendment the Zone was enlarged pursuant to Ordinance No. 12,111, to include Sjolander Road and property to the east of Sjolander Road and North of 1-10, to be developed as a Chevron Phillips chemical plant. • December 11, 2014 - Third Amended Project Plan and Reinvestment Zone Financing Plan was approved by City Council, by Ordinance No. 12,730. As part of this Plan Amendment, property was excluded from the Zone (San Jacinto Mall) due to declining property values, 45 acres of undeveloped land along John Martin Road and the right of way for San Jacinto Boulevard was added to the Zone, and the life of the Zone was extended through the Year 2044. The Third Amended Project Plan provided for the construction of San Jacinto Boulevard from 1-10 south to Cedar Bayou -Lynchburg Road and the construction of water, wastewater and drainage improvements for the development of the 45 acres that was added to the Zone as part of the Plan Amendment. -3- • August 13, 2015 — Fourth Amended Project Plan and Reinvestment Zone Financing Plan was approved by City Council, by Ordinance No. 12,918. As part of this Plan Amendment a 79-acre tract of land along Wallisville Road was added to the Zone. January 26, 2017 — The Third Interlocal Agreement with Harris County and the Restated and Fifth Amended Project Plan and Reinvestment Zone Financing Plan was approved by City Council by Ordinance No. 13,397. March 9, 2017 — The Sixth Amended and Restated Project Plan and Finance Plan was approved by City Council, by Ordinance No.13,423. The Plan Amendment added 228 acres of land into the Zone and excluded 79 acres of land previously included in the Fourth Amended Plan. The Zone and the City now propose the Seventh Amendment to the Project Plan and Finance Plan which provides for the enhancement of and improvements to approximately 833 acres of land added into the Zone boundaries as part of this amendment and removes land that was added as part of the 2012 Plan Amendment. The boundaries of the enlarged area are shown in Map 1. The area to be removed is shown in Map 4. History of Redevelopment Efforts in the Zone Since inception of the Zone in 2001, infrastructure improvements, including water, wastewater and drainage improvements have been made to support residential development in the Eastpoint and Country Club Manor subdivisions. Over the years both subdivisions have developed with single family homes, and more recently, two hotels and an upscale apartment complex have been built in the area. Additionally, two apartment complexes have been built south of Country Club Manor, along Baker Road. In addition to residential development, public infrastructure improvements have supported new commercial investment throughout the Zone, including the Chevron Phillips chemical plant, major retail projects along Hunt Road, including Academy Sports and Burlington, hotels and restaurants along 1-10, and the Altus Hospital along Manor Drive. Redevelopment Plan Concept and Goals The concept of the Zone is to construct the necessary public infrastructure that will lead to private capital investment in the area, offer a corresponding increase in the tax base, and create economic opportunity. This includes the economic, social and physical infrastructure in the Zone. Reinvestment into the area through the Zone is intended to achieve the following goals: Goal 1: Improve and enhance corridors, mobility and connectivity throughout the Zone. Public streets and public utility systems are required to create an environment that will stimulate private investment in retail, commercial, residential and mixed -use developments. The reconstruction, extension and development of key streets and major thoroughfares will enhance the level of service and improve access within the Zone. All roadway improvements will be coordinated with the street reconstruction programs of the City, TxDOT and other public entities. Attention will be placed on leveraging Zone monies by funding street enhancement elements not addressed by the CIP programs of sister agencies. This plan proposes improvements to John Martin Road and Cedar Bayou Lynchburg Road. -4- Goal 2: Enhance public infrastructure, facilities and services throughout the Zone. Enhancements to the physical infrastructure and public facilities within the Zone will be made to provide adequate capacity and to enhance provision of critical public services. Water, wastewater and drainage improvements will be made to support residential development and encourage future commercial development within the Zone. Storm water management will be achieved through the repair and replacement of drainage systems and the design and construction of new storm water utility systems, regional detention facilities and other improvements proven to reduce volumes of runoff from drainage areas. Goal 3: Promote economic opportunity and private investment and reinvestment in the Zone. The opportunity to reach the full economic potential of the area is based in part on the ability to construct critical infrastructure, minimize risk for investors and customers, build upon local assets and recognize or enhance market demand. The Zone will facilitate economic growth through capital improvements that make sites more attractive and projects feasible, land acquisition and assembly, development of facilities that draw visitors into the Zone, and use of incentivized development agreements, including 380 development agreements. Proposed Development Agreements Pursuant to Texas Tax Code 311.010(h), a program is hereby established for the public purposes of developing and diversifying the economy of the zone, eliminating unemployment and underemployment in the zone, and developing or expanding transportation, business, and commercial activity in the Zone. Under the program, grants and loans in an aggregate amount not to exceed the amount of the Tax Increment produced by the City and paid into the tax increment fund for the Zone for activities that benefit the Zone and stimulate business and commercial activity in the Zone. Payments made pursuant to this program shall be pursuant to economic development agreements entered into on behalf of the Zone and are considered Project Costs. No grant or loan shall be authorized by the Zone without consent of the City of Baytown. Maintenance As a direct consequence of an expanding list of projects, the Zone must provide for operation of the Zone's existing and planned facilities in the near term and in years to come beyond the duration of the Zone. In order to adequately provide for the operation of those facilities, operation expenditures are included in the project costs in an amount of up to 10% of total project costs for the Zone regardless of project cost category. Project Plan A. Authorized Projects and Project Costs The amended and restated project costs are detailed in Table 1. The dollar amounts for each category are approximate and may be amended from time to time by the Board of Directors of the Zone with approval of the City Council. -5- Table 1: Estimated Project Costs Projects Total Project Costs (2020) Eastpoint Sections 2,3,4 $1,564,432 $2,453,537 Country Club Manor Baker Road 2008 and 2012 $518,657 Hunt Road $7,000,000 John Martin $3,000,000 San Jacinto Boulevard $19,000,000 Sjolander Road $6,500,000 Public Roadways $11,700,000 Water, Wastewater & Drainage Improvements $3,000,000 Fire, Police and EMS to support residential $4,700,000 Engi neeri ng a nd Legal $8,000,000 Kilgore Park Sanitary Sewer $3,650,000 Kilgore Park Storm Sewer/drainage $6,160,000 Kilgore Parkway/Other Roads $7,500,000 Kilgore Park Water $820,000 Cedar Bayou Lynchburg Road $20,000,000 (John Martin Road (Cedar Bayou Lynchburg to Wallisville) $20,000,000 Zone Administration and Project Management $2,000,000 Total $127,566,626 Note: 10% of all project costs for the Zone maybe used for capital maintenance, replacement and renewal of projects completed with project cost regardless of category. City and County Participation The City and County's participation rate in the current Zone is as follows: City of Baytown: • 100% of tax rate • 60% of tax rate for the 2017 annexation Harris County: • 75% of tax rate not to exceed $0.30/$100 -6- Harris County's current participation shall not exceed a total of $20,100,000 as shown below: Project Hunt Road John Martin San Jacinto Boulevard Total Sjolander Road Estimated County Allocation $3,500,000 $1,500,000 $9,500,000 $14,500,000 County Cap Harris County Participation, 2020 Amendment: $5,600,000 County Cap • It is anticipated that Harris County will be participate at 75% of tax its rate not to exceed $0.30/$100 in the areas added as part of this Plan Amendment. Map 5 shows the proposed areas of Harris County Participation. Harris County's participation will include the following projects: Project Estimated County Allocation Cedar Bayou Lynchburg Road $10,000,000 John Martin Road (Cedar Bayou Lynchburg to Wallisville) $10,000,000 Total $20,000,000 Chambers County: • 60% of tax rate for 2017 annexation B. Existing and Proposed Uses of Land (Texas Tax Code § 311.011(b)(1)): The Zone consists of property located in the general vicinity of the intersection of 1-10 and Garth Road. At the time of the creation of the Zone there was no residential development on such land. The area proposed to be added as part of this Plan amendment primarily consists of undeveloped/vacant land as shown in Map 3. Existing uses within the Zone consist of single family residential, multi -family residential, commercial, industrial and vacant. Proposed uses include residential, commercial, industrial and undeveloped land uses. C. Proposed Changes of Zoning Ordinances, Master Plan of Municipality, Building Codes, and Other Municipal Ordinances (Texas Tax Code § 311.011(b)(2)): All construction will be done in conformance with existing building code regulations of the City of Baytown. There are no proposed changes of any city development ordinances, master plans, or building codes. D. Estimated Non -Project Costs (Texas Tax Code § 311.011(b)(3)): The project costs referenced in Table 1 are inclusive of project costs to be incurred by the Zone only. The costs that would otherwise be project costs but are derived from other -7- parties, such as the City of Baytown, the Texas Department of Transportation or private sources, are non -project costs. Funding identified in Table 1 for improvements will be leveraged to acquire non -project funding. E. Method of Relocating Persons to be Displaced, if any, as a result of implementing the Plan (Texas Tax Code § 311.011(b)(4)): There will be no persons displaced as a result of implementing the plan. Reinvestment Zone Finance Plan A. Estimated Project Costs (Texas Tax Code § 311.011(c)(1)): Table 1 lists the estimated project costs for the Zone. As set forth in this Plan, the dollar amounts are approximate and may be amended from time to time by the Board of Directors of the Zone with approval of the City Council. The financing costs are a function of project financing needs and will vary with market conditions from the estimates shown in Table 1. B. Proposed Kind, Number, and Location of all Proposed Public Works or Public Improvements to be Financed by the Zone (Texas Tax Code § 311.011(c)(2)): These details are described throughout the Plan, including but not limited to roadway construction/reconstruction, stormwater conveyance and management systems, and water and wastewater improvements. The number and location of proposed improvements are contained in Table 1. Projects will be implemented along roadways and within the boundaries of the Zone as shown in Map 1. C. Economic Feasibility (Texas Tax Code § 311.011(c)(3)): The original plan prepared in 2001 evaluated the economic potential of the Zone. The analysis determined that the area within the boundaries of the Zone substantially arrests and impairs growth of the City, slows down the provision of housing accommodations and constitutes an economic and social liability. It was found that the area suffers from inadequate sidewalk and street layout, lack of infrastructure, faulty lot layout in relation to size, adequacy, accessibility or usefulness, deterioration of site and other improvements, economic disinvestments and a poor regional image. Given these conditions the area would greatly benefit from a Tax Increment Reinvestment Zone, which facilitates street and infrastructure improvements. These improvements will help make the area more appealing to commercial and residential development, while strengthening the economic well-being and quality of life of the community. Hawes Hill Calderon updated the Economic Feasibility Study for the Zone in 2016 Exhibit 1 constitutes incremental revenue estimates for this Plan. The incremental revenue estimates are projected to be sufficient to cover the cost of proposed improvements. The Zone and the City find and determine that the Plan is economically feasible. -8- D. Estimated Amount of Bond Indebtedness; Estimated Time When Related Costs or Monetary Obligations Incurred (Texas Tax Code § 311.011(c)(4), § 311.011(c)(5)): Issuance of notes and bonds by the Zone may occur as tax increment revenues allow. The value and timing of the issuance of notes or bonds will correlate to debt capacity as derived from the projects and revenue schedules included in Table 1 and Exhibit 1, as well as actual market conditions for the issue and sale of such notes and bonds. E. Methods and Sources of Financing Project Costs and Percentage of Increment from Taxing Units Anticipated to Contribute Tax Increment to the Zone (Texas Tax Code § 311.011(c)(6)): Methods and sources of financing include the issuance of notes and bonds, as well as collaboration with developers, the city, and other entities for grant funding and partnerships. Tax increment will consist of contributions from the City and County. This figure is calculated as follows: City of Baytown • $0.79515/$100 of assessed valuation Harris County (subject to total contribution limitation stated in Project Plan, Section A) • $0.30000/$100 of assessed valuation (75% of tax rate up to $0.3/$100) Chambers County • $0.255284/$100 of assessed valuation (60% of tax rate) for the 2017 annex F. Current Total Appraised Value of Taxable Real Property (Texas Tax Code § 311.011(c)(7)): The current City taxable appraised value of taxable real property in the Zone is $300,476,976. G. Estimated Captured Appraised Value of Zone During Each Year of Existence (Texas Tax Code § 311.011(c)(8)): The estimated captured appraised value of the Zone during each remaining year of existence is contained in Exhibit 1. H. Zone Duration (Texas Tax Code § 311.011(c)(9)): The Zone was established by the City on August 9, 2001 and will terminate on December 31, 2044. Harris County's participation in the Zone currently ends on December 31, 2030, however, it is anticipated that the County's participation will be extended until 2044. The Zone may terminate at an earlier time designated by subsequent ordinance, or at such time, subsequent to the issuance of proposed revenue bonds, notes or other obligations, if any, that all project costs, bonds, and interest on bonds have been paid in full. In Tax Year 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 Exhibit 1 Projected Revenues —All Entities Incremental Revenue city Harris Harris County Total Increment County $ 2,223,020 $ 617,235 $ 119,487 $ 2,959,742 $ 2,293,519 $ 639,664 $ 123,105 $ 3,056,289 $ 2,365,870 $ 691,754 $ 126,832 $ 3,184,457 $ 2,455,977 $ 773,925 $ 130,671 $ 3,360,573 $ 2,563,904 $ 886,197 $ 134,624 $ 3,594,725 $ 2,759,851 $ 1,002,131 $ 138,697 $ 3,900,679 $ 2,958,170 $ 1,115,869 $ 142,891 $ 4,216,930 $ 3,431,668 $ 1,171,573 $ 147,212 $ 4,750,453 $ 3,907,682 $ 1,257,466 $ 151,662 $ 5,316,810 $ 4,386,289 $ 1,344,172 $ 156,245 $ 5,886,706 $ 4,867,564 $ 1,461,115 $ 160,966 $ 6,489,646 $ 5,117,815 $ 1,608,321 $ 165,829 $ 6,891,965 $ 5,331,936 $ 1,756,414 $ 170,837 $ 7,259,188 $ 5,510,012 $ 1,934,823 $ 175,996 $ 7,620,831 $ 5,613,167 $ 2,114,174 $ 181,310 $ 7,908,650 $ 5,719,417 $ 2,147,495 $ 186,783 $ 8,053,694 $ 5,894,808 $ 2,215,832 $ 192,420 $ 8,303,060 $ 6,075,461 $ 2,286,219 $ 198,226 $ 8,559,906 $ 6,261,534 $ 2,358,717 $ 204,207 $ 8,824,458 $ 6,453,189 $ 2,433,391 $ 210,366 $ 9,096,946 $ 6,650,593 $ 2,510,305 $ 216,711 $ 9,377,609 $ 6,853,920 $ 2,589,526 $ 223,246 $ 9,666,692 $ 7,063,346 $ 2,671,124 $ 229,977 $ 9,964,447 $ 7,279,055 $ 2,755,170 $ 236,910 $ 10,271,135 $ 7,501,236 $ 2,841,737 $ 244,051 $ 10,587,024 $ 121,539,004 $ 43,184,351 $ 4,369,261 $ 169,092,616 Exhibit 2A Projected Revenues — City, Original Zone + Hunt Projected Assessed Valuation Projected Captured Base Year Taxable Appraised Tax Valuation Valuation Value Year (Increment) 2020 $ 15,199,013 $ 300,476,976 $ 285,277,963 2021 $ 15,199,013 $ 309,491,285 $ 294,292,272 2022 $ 15,199,013 $ 318,776,024 $ 303,577,011 2023 $ 15,199,013 $ 328,339,305 $ 313,140,292 2024 $ 15,199,013 $ 338,189,484 $ 322,990,471 2025 $ 15,199,013 $ 348,335,168 $ 333,136,155 2026 $ 1S,199,013 $ 358,785,223 $ 343,586,210 2027 $ 15,199,013 $ 369,548,780 $ 354,349,767 2028 $ 15,199,013 $ 380,635,243 $ 365,436,230 2029 $ 15,199,013 $ 392,OS4,301 $ 376,855,288 2030 $ 15,199,013 $ 403,815,930 $ 388,616,917 2031 $ 15,199,013 $ 41S,930,408 $ 400,731,395 2032 $ 15,199,013 $ 428,408,320 $ 413,209,307 2033 $ 1S,199,013 $ 441,260,569 $ 426,061,556 2034 $ 15,199,013 $ 454,498,386 $ 439,299,373 2035 $ 15,199,013 $ 468,133,338 $ 452,934,325 2036 $ 15,199,013 $ 482,177,338 $ 466,978,325 2037 $ 15,199,013 $ 496,642,658 $ 481,443,645 2038 $ 15,199,013 $ 511,541,938 $ 496,342,925 2039 $ 15,199,013 $ 526,888,196 $ 511,689,193 2040 $ 15,199,013 $ 542,694,842 $ S27,495,829 2041 $ 15,199,013 $ 558,975,687 $ 543,776,674 2042 $ 15,199,013 $ S7S,744,9S8 $ 560,545,945 2043 $ 15,199,013 $ 593,017,307 $ 577,818,294 2044 $ 15,199,013 $ 610,807,826 $ 595,608,813 Notes/Assumptions: Projected Revenue Tax Coll Increment Cumulative Year Year Tax Rate Revenue Revenues to Zone 2020 2021 0.7951S $ 2,223,020 $ 2,223,020 2021 2022 0.79S75 $ 2,293,264 $ 4,516,284 2022 2023 0.79515 $ 2,36S,615 $ 6,881,898 2023 2024 0.79515 $ 2,441%136 $ 9,322,035 2024 2025 0.79515 $ 2,S16,894 $ 11,838,928 2025 2026 0.79515 $ 2,595,953 $ 14,434,882 2026 2027 0.79515 $ 2,677,395 $ 17,112,267 2027 2028 0.79515 $ 2,761,260 $ 19,873,527 2028 2029 0.7951S $ 2,847,651 $ 22,721,178 2029 2030 0.79515 $ 2,936,634 $ 2S,657,811 2030 2031 0.79S1S $ 3,028,286 $ 28,686,097 2031 2032 0.79515 $ 3,122,687 $ 31,808,784 2032 2033 0.79515 $ 3,219,921 $ 35,028,706 2033 2034 0.79515 $ 3,320,072 $ 38,348,777 2034 2035 0.79515 $ 3,423,227 $ 41,772,005 2035 2036 0.79515 $ 3,529,477 $ 4S,301,482 2036 2037 0.79515 $ 3,638,91S $ 48,940,396 2037 2038 0.79S1S $ 3,751,635 $ 52,692,031 2038 2039 0.79S35 $ 3,867,737 $ 56,559,769 2039 2040 0.79515 $ 3,987,323 $ 60,547,091 2040 2041 0.79515 $ 4,110,495 $ 64,657,S87 2041 2042 0.79515 $ 4,237,363 $ 68,894,950 2042 2043 0.79515 $ 4,368,037 $ 73,262,998 2043 2044 0.79S1S $ 4,502,632 $ 77,765,619 2044 204S 0.79515 $ 4,641,264 $ 82,406,883 $ 8;406,883 (1) City Base Value =Year 2WI f,.rOngini a I Zone. Year 2004 fur port, on of Hunt 93 Ltd annexed in2004, and Year 2014 for portion annexed in2014 (2) Includes 3.0%a nnuaI appren ati on (3) 99% Collection Exhibit 2B Projected Revenues — Harris County, Original Zone Projected Assessed Valuation Projected Captured Base Year Taxable Appraised Tax Valuation Valuation Value Year (increment) 2020 $ 39,820,702 $ 249,764,574 $ 209,943,872 2021 $ 39,820,702 $ 257,257,511 $ 217,436,809 2022 $ 39,820,702 $ 264,975,237 $ 225,154,535 2023 $ 39,820,702 $ 272,924,494 $ 233,103,792 2024 $ 39,820,702 $ 281,112,228 $ 241,291,526 2025 $ 39,820,702 $ 289,545,595 $ 249,724,893 2026 S 39,820,702 $ 298,231,963 $ 258,411,261 2027 5 39,820,702 $ 307,178,922 $ 267,358,220 2028 $ 39,820,702 $ 326,394,290 $ 276,573,588 2029 $ 39,820,702 $ 325,896,118 $ 286,065,416 2030 $ 39,820,702 $ 335,662,702 $ 295,942,000 2031 $ 39,820,702 $ 345,732,583 $ 305,911,881 2032 $ 39,820,702 $ 356,104,561 $ 316,283,959 2033 $ 39,820,702 $ 366,787,697 $ 326,966,995 2034 $ 39,820,702 $ 377,791,328 $ 337,970,626 2035 $ 39,820,702 $ 389,125,068 $ 349,304,366 2036 $ 39,820,702 $ 400,798,820 $ 360,978,118 2037 $ 39,820,702 $ 412,822,785 $ 373,002,093 2038 $ 39,820,702 $ 425,207,468 $ 385,386,766 2039 $ 39,820,702 $ 437,963,692 $ 398,142,990 2040 $ 39,820,702 $ 451,102,603 $ 411,281,901 2041 $ 39,820,702 $ 464,635,681 $ 424,914,979 2042 $ 39,820,702 $ 478,574,752 $ 438,754,050 2043 $ 39,820,702 $ 492,931,994 $ 453,111,292 2044 $ 39,820,702 $ 507,719,954 $ 467,899,252 Notes/Amumptions: Projected Revenue Tax Coll Increment Cumulative Year Year Tax Rate Revenue Revenuesto Zone 2020 2021 0.3 $ 617,235 $ 617,235 2021 2022 0.3 $ 639,264 $ 1,256,499 2022 2023 0.3 $ 661,954 $ 1,918,454 2023 2024 0.3 $ 685,325 $ 2,603,779 2024 2025 0.3 $ 709,397 $ 3,313,176 2025 2026 0.3 $ 734,191 $ 4,047,367 2026 2027 0.3 $ 759,729 $ 4,807,096 2027 2028 0.3 $ 786,033 $ 5,593,129 2028 2029 0.3 $ 813,126 $ 6,406,256 2029 2030 0.3 $ 841,032 $ 7,247,288 2030 2031 0.3 $ 869,775 $ 8,117,063 2031 2032 0.3 $ 899,381 $ 9,016,444 2032 2033 0.3 $ 929,875 $ 9,946,319 2033 2034 0.3 $ 961,283 $ 10,907,602 2034 2035 0.3 $ 993,634 $ 11,901,235 2035 2036 0.3 $ 1,026,955 $ 12,928,190 2036 2037 0.3 $ 1,061,276 $ 13,989,466 2037 2038 0.3 $ 1,096,626 $ 15,086,092 2038 2039 0.3 $ 1,133,037 $ 16,219,129 2039 2040 0.3 $ 1,170,540 $ 17,389,670 2040 2041 0.3 S 1,209,169 $ 18,598,838 2041 2042 0.3 $ 1,248,956 $ 19,947,794 2042 2043 0.3 $ 1,289,937 $ 21,137,731 2043 2044 0.3 $ 1,332,147 $ 22,469,879 2044 2045 0.3 $ 1,375,624 $ 23,845,502 $ 23,845,502 (1) County Base Value = Year 2005 for Original Zone, Year 2005 for portion of Hunt 90 Ltd annexed in 2004 and Year 2014 for portion annexed in 2014 (2) Includes 30%a nnuaI appreciation (3) 98%Collection (4) County participates at 7S%of tax rate not to exceed $0.30 per $100 Exhibit 2C Projected Revenues - Chambers County, 2017 Amendment Projected Assessed Valuation Base Year Tax Valuation Year 2020 $ 448,560 2021 $ 448,560 $ 2022 $ 448,560 $ 2023 $ 448,560 $ 2024 $ 448,560 $ 2025 $ 448,560 $ 2026 $ 448,560 $ 2027 $ 448,560 $ 2028 $ 448,560 $ 2029 $ 448,560 $ 2030 $ 448,560 $ 2031 $ 448,560 $ 2032 $ 448,560 $ 2033 $ 448,560 $ 2034 $ 448,560 $ 2035 $ 448,560 $ 2036 $ 448,560 $ 2037 $ 448,560 $ 2038 S 448,560 $ 2039 $ 448,560 $ 2040 $ 448,560 $ 2041 $ 448,560 $ 2042 $ 448,560 $ 2043 $ 448,560 $ 2044 $ 448,560 $ Notes/Assumptions: Projected Taxable Valuation $48,209,260 $ 49,655,538 $ 51,145, 204 $ 52,679,560 $ 54,259,947 $ 55,887,745 $ 57, 564, 378 $ 59,291,309 $ 61,070,048 $ 62,902,150 $ 64, 789, 214 $ 66,732,891 $ 68,734,877 $ 70,796,924 $ 72,920,831 $ 75,108,456 $ 77,361,710 $ 79,682,561 $ 82,073,038 $ 84,535,229 $ 87,071,286 $ 89,683,425 $ 92,373,927 $ 95,145,145 $ 97,999,500 $ Ill Kilgore Tract located in Chambers County Captured Appraised Value (Increment) 47,760,700 49,206,978 50,696,644 52,231,000 53,811,387 55,439,185 57,115,818 58,842,749 60,621,488 62,453,590 64,340,654 66,284,331 68,286,317 70,348,364 72,472,271 74,659,896 76,913,150 79,234,001 81,624,478 84,086,669 86,622,726 89,234,865 91,925,367 94, 696, 585 97,550,940 Projected Revenue Increment Tax Coll Cumulative Revenue Year Year Tax Rate Revenues to (�) Zone 2020 2021 0.425473 $ 119,487 $ 119,487 2021 2022 0.425473 $ 123,105 $ 242,592 2022 2023 0.425473 $ 126,832 $ 369,424 2023 2024 0.425473 $ 130,671 $ 500,094 2024 2025 0.425473 $ 134,624 $ 634,719 2025 2026 0.425473 $ 138,697 $ 773,415 2026 2027 0.425473 $ 142,891 $ 916,307 2027 2028 0.425473 $ 147,212 $ 1,063,518 2028 2029 0.425473 $ 151,662 $ 1,215,180 2029 2030 0.425473 $ 156,245 $ 1,371,425 2030 2031 0.425473 $ 160,966 $ 1,532,392 2031 2032 0.425473 $ 165,829 $ 1,698,220 2032 2033 0.425473 $ 170,837 $ 1,869,058 2033 2034 0.425473 $ 175,996 $ 2,045,054 2034 2035 0.425473 $ 181,310 $ 2,226,364 2035 2036 0.425473 $ 186,783 $ 2,413,147 2036 2037 0.425473 $ 192,420 $ 2,605,566 2037 2038 0.425473 $ 198,226 $ 2,803,793 2038 2039 0.425473 $ 204,207 $ 3,007,999 2039 2040 0.425473 $ 210,366 $ 3,218,366 2040 2041 0.425473 $ 216,711 $ 3,435,077 2041 2042 0.425473 $ 223,246 $ 3,658,323 2042 2043 0.425473 $ 229,977 $ 3,888,300 2043 2044 0.425473 $ 236,910 $ 4,125,210 2044 2045 0.425473 $ 244,051 $ 4,369,261 $ 4,369,261 Exhibit 2D Projected Revenues — City, 2020 Amendment Projected Assessed Valuation Projected Captured Base Year Taxable Appraised Tax Valuation Valuation Value Year (Increment) 2020 $1,093,651 $ 1,093,651 $ 2021 $ 1,093,651 $ 1,126,461 $ 32,810 2022 $ 1,093,6S1 $ 1,126,461 $ 32,810 2023 $ 1,093,651 $ 3,126,461 $ 2,032,810 2024 $ 1,093,651 $ 7,126,461 $ 6,032,810 2025 $ 1,093,651 $ 22,126,461 $ 21,032,810 2026 $ 1,093,651 $ 37,126,461 $ 36,032,810 2027 $ 1,093,6S1 $ 87,126,461 $ 86,032,810 2028 $ 1,093,651 $ 137,126,461 $ 136,032,810 2029 $ 1,093,651 $ 187,126,461 $ 186,032,810 2030 $ 1,093,651 $ 237,126,461 $ 236,032,810 2031 $ 1,093,651 $ 257,126,461 $ 2S6,032,810 2032 $ 1,093,6S3 $ 272,126,461 $ 271,032,810 2033 $ 1,093,651 $ 282,126,461 $ 281,032,810 2034 $ 1,093,6S1 $ 282,126,461 $ 281,032,810 2035 $ 1,093,651 $ 282,126,461 $ 281,032,810 2036 $ 1,093,651 $ 290,590,254 $ 289,496,603 2037 $ 1,093,651 $ 299,307,962 $ 298,214,311 2038 $ 1,093,651 $ 308,287,201 $ 307,193,550 2039 $ 1,093,651 $ 317,535,817 $ 316,442,166 2040 $ 1,093,6S1 $ 327,061,891 $ 325,968,240 2041 $ 1,093,651 $ 336,873,748 $ 335,780,097 2042 $ 1,093,651 $ 346,979,961 $ 34S,886,310 2043 $ 1,093,651 $ 357,389,359 $ 356,295,708 2044 $ 1,093,651 $ 368,111,040 $ 367,017,389 Notes/Assumptions: 11) 98%Collection 121 Build out assumptions pmmded bythe City Projected Revenue Tax Coll Increment Cumulative Year Year Tax Rate Revenue Revenues to Zone 2020 2021 0.79515 $ - $ 2021 2022 0.79S1S $ 256 $ 256 2022 2023 0.79515 $ 2S6 $ 511 2023 2024 0.79S15 5 15,841 $ 16,352 2024 2025 0.79515 $ 47,010 $ 63,362 2025 2026 0.79515 $ 163,898 $ 227,260 2026 2027 0.79515 $ 280,785 $ 508,045 2027 2028 0.7951S $ 670,408 $ 1,178,4S3 2028 2029 0.79515 $ 1,060,032 $ 2,238,484 2029 2030 0.79S3S $ 1,449,655 $ 3,688,139 2030 2031 0.79515 $ 1,939,279 $ 5,527,418 2031 2032 0.79515 $ 1,995,128 $ 7,522,546 2032 2033 0.79515 $ 2,112,015 $ 9,634,561 2033 2034 0.79515 $ 2,189,940 $ 11,824,501 2034 2035 0.79515 $ 2,189,940 $ 14,014,440 203S 2036 0.79515 $ 2,189,940 $ 16,204,380 2036 2037 0.79S1S $ 2,255,894 $ 18,460,274 2037 2038 0.79515 $ 2,323,826 $ 20,784,100 2038 2039 0.79515 $ 2,393,797 $ 23,177,896 2039 2040 0.79515 $ 2,465,866 $ 25,643,762 2040 2041 0.79515 $ 2,S40,098 $ 28,183,860 2041 2042 0.79515 $ 2,616,556 $ XSW,416 2042 2043 0.79S1S $ 2,695,309 $ 33,49S,725 2043 2044 0.79515 $ 2,776,424 $ 36,272,149 2044 204S 0.79515 $ 2,859,972 $ 39,132,121 $ 39,132,121 Exhibit 2E Projected Revenues — Harris County, 2020 Amendment Projected Assessed Valuation Projected Captured Base Year Taxable Appraised Tax Valuation Value Valuation Year (Increment) 2020 $4,534,364 $ 4,534,364 $ - 2021 $ 4,534,364 $ 4,670,395 $ 136,031 2022 5 4,534,364 $ 14,670,395 5 10,136,031 2023 5 4,534,364 $ 34,670,395 $ 30,136,031 2024 $ 4,534,364 $ 64,670,395 $ 60,136,031 2025 $ 4,534,364 $ 95,670,395 $ 91,136,031 2026 5 4,534,364 $ 125,670,395 $ 121,136,031 2027 $ 4,534,364 $ 135,670,39S $ 131,136,031 2028 $ 4,534,364 $ 155,670,395 $ 151,136,031 2029 $ 4,534,364 $ 17S,670,39S $ 171,136,031 2030 $ 4,534,364 5 205,670,395 $ 201,136,031 2031 $ 4,S34,364 $ 24S,670,395 $ 241,136,031 2032 $ 4,534,364 $ 285,670,395 $ 281,136,031 2033 $ 4,S34,364 $ 335,670,395 $ 331,136,031 2034 $ 4,534,364 $ 385,670,395 $ 381,136,031 203S $ 4,534,364 $ 38S,670,395 $ 381,136,031 2036 $ 4,534,364 $ 397,240,S07 $ 392,706,143 2037 $ 4,534,364 $ 409,157,722 $ 404,623,358 2038 $ 4,534,364 $ 421,432,454 $ 416,899,090 2039 $ 4,534,364 $ 434,075,427 $ 429,541,063 2040 $ 4,S34,364 $ 447,097,690 $ 442,563,326 2041 $ 4,534,364 $ 460,510,621 $ 4SS,976,257 2042 $ 4,S34,364 $ 474,325,939 $ 469,791,575 2043 $ 4,534,364 $ 488,SSS,718 $ 484,021,354 2044 $ 4,534,364 $ 503,212,389 $ 498,678,025 Notes/Assumptions: i t] 98`a Collection (2) County participates at 75%ot tax rate not to exceed $0.30 per $100 13) Build out assumptions provided bythe City Projected Revenue Tax Coll Increment Cumulative Year Year Tax Rate Revenue Revenuesto Zone 2020 2021 0.3 $ - $ - 2021 2022 0.3 $ 400 $ 400 2022 2023 0.3 $ 29,800 $ 30,200 2023 2024 0.3 $ 88,600 $ 118,800 2024 202S 0.3 $ 176,800 $ 29S,600 2025 2026 0.3 $ 267,940 $ 563,540 2026 2027 0.3 $ 356,140 $ 919,680 2027 2028 0.3 $ 385,S40 $ 1,305,220 2028 2029 0.3 $ 444,340 $ 1,749,SS9 2029 2030 0.3 $ 503,140 $ 2,252,699 2030 2031 0.3 $ 591,340 $ 2,844,039 2031 2032 0.3 $ 708,940 $ 3,552,979 2032 2033 0.3 $ 826,540 $ 4,379,519 2033 2034 0.3 $ 973,540 $ 5,353,059 2034 2035 0.3 $ 1,120,540 $ 6,473,599 2035 2036 0.3 $ 1,120,540 $ 7,594,139 2036 2037 0.3 $ 1,154,556 $ 8,748,695 2037 2038 0.3 $ 1,189,593 $ 9,938,288 2038 2039 0.3 $ 1,225,680 $ 11,163,968 2039 2040 0.3 $ 1,262,851 $ 12,426,819 2040 2041 0.3 $ 1,301,136 $ 13,727,95S 2041 2042 0.3 $ 1,340,570 $ 15,068,525 2042 2043 0.3 $ 1,381,187 $ 16,449,712 2043 2044 0.3 $ 1,423,023 $ 17,872,735 2044 2045 0.3 $ 1,466,113 $ 19,338,849 $ 19,338,849 Map 1 2020 Amendment (Property to be Added to the Zone) CITY OF BAYTOWN I TIRZ NO. 1 GOOSE CREEK MEMOW4j 2020 Annexation Boundary ' Public School Data Layer Sources Estr, HERE, Garonn. USGS, Intermap, INCREMENT Current County Participation P. NRCan. Esri Japan METI, Esn China (Hag Kong). Esri Korea Esri (The9and), NGCC, (c) OpenStreetMap contributors and the GIS User Current City Participation Community 2019; TEA 2019, HCAD Oct 2020 City of Sayh-n Nov 9 Map Source: HHA LLP 12/1/2020 - 0 0.25 0.5 Mlles Kopgt 1 1 1 Map 2 2020 Amendment (Property to be Added to the Zone) —Aerial View 4 CITY OF BAYTOWN " TIRZ NO. 1 .,. G ORCHARD RD :� FriendsWood Development cooSECREEK MEn}gleAit WALLISVILLE.Rp� Z I D � � w=rr.Aai4Y6ki[F.k f:L "�� :BELL RD ,M UECBS,F# 0 NES RD -. Orayi desk CISD M , San Jacinto Mall' ,` RD HUN . G) - -� IMbngi 70 Siiact(No;•v Wp,FtCN�RRD y I m ! t�.....� Tract[Soq Z W CFOAR SAYDV LYNCHBURG RD ALAMO E 1, 2020AnnexationBoundary 0.1. Lay., USDA 2018 TEA2019 HCAD00 202 City W No 9 S Haou—Hyll— MapCurrent 0 0.25 05 Mires NORM I I I . Public School Current County Participation C Shopping Mall City Participation Road Network Baytown Corp Limit Highway Map 3 2020 Amendment (Property to be Added to the Zone) — Property Classification CITY OF BAYTOWN v TIRZ NO. 1 m FIG ORCHARD RD j0 S V keoI11ent tGOOSE CREEK MEMORI EwAL1.ISV111E RD WALLISVILLE RD _ % i• I 1ACToRiA WALKER EL SA!71LIELQf; EL �j HARLEM EL R D O m X v 0 m U Q Z Q In ja Creek CISO M❑ San Jacinto I HUNT RD A V W ARCHER RD W C�Ayo= A LYNCHBURG RD PropClsAgg + Exempt(2) Current City Participation yafaLaye, 2018,TEA2019,HCAOOA Agric Land (23) Farm and Ranch (1) Public School Ma2p source: HHA1 LLP 1211.020 [0 Commercial Vacant (1) Single Family Residential (3) M Shopping Mall 2020 Annexation Boundary Road Network - 0 0.25 0.5 Miles Current County Participation `� Highway46 1 1 1 Map 4 2020 Amendment (Property to be Removed from the Zone) Map 5 Proposed Harris County Participation CITY OF BAYTOWN s TIRZ NO. 1 z� o c' FIG ORCHARD RD � q0 '\Fiiendswood v AOBVEI, Oprrent :GCSE CREEK MEMORIAL RD W PN.% 11.UE WALLISVILLE RD +O !_ �z D WTORA WALKER EL BATTLEBELL RD z eANUELOS EL F JONES RD = 'i Creak CISD HARLEM EL �� 1 sun Jacinto Mail UNT RD t + H D � � 0 .: m 4 ��'\; . D ALAMO E; \T ng ct No v CHER FtD �� o _ WAR z V1Nng Ej a l; Tract 5`y , rnl � 1 WC �AR BAYO 1 1 I .s m LYNCHBURG RD , --- — tf'1 2020 Proposed County Participation Public School Data Lay., 2018 TEA 2019. HCAD Od Current CountyPartici ation �M II Shopping 2020. City or eaylo , Nov 9 P Aping Mail Map Source HHA LLP 12r4r2020 Current City Participation Road Network Baytown Corp. Limit / \/ Highway 0 0.25 0.5 Miles NOUN III II