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Ordinance No. 14,674ORDINANCE NO. 14,674 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE AND THE CITY CLERK TO ATTEST TO THE FOURTH AMENDMENT TO THE INTERLOCAL AGREEMENT WITH HARRIS COUNTY, THE BAYTOWN REDEVELOPMENT AUTHORITY AND THE REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ****************************************************************************** BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes the City Manager to execute and the City Clerk to attest to the Fourth Amendment to the Interlocal Agreement with Harris County, the Baytown Redevelopment Authority and the Reinvestment Zone Number One, City of Baytown, Texas. A copy of said amendment is attached hereto as Exhibit "A," and incorporated herein for all intents and purposes. Section 2: 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 City Council of the City of Baytown this the 251h day of February, 2021. NDON"CAPETILVO, Mayor A' LETICIA BRYSCH, APPROVED AS TO FORM: KAREN L. HORNER, City Attorney ®o�••pYTOW,ys�� �Y N% y 4�•• P �TF OF �+� RAKaren Homer DocumentsTiles City Council Ordinances\202ITebmary 25\FourthAmendment2TIRZInterlcoalAgreement.doc Exhibit "A" THE STATE OF TEXAS § COUNTY OF HARRIS § FOURTH AMENDMENT TO INTERLOCAL AGREEMENT BETWEEN HARRIS COUNTY, CITY OF BAYTOWN, AND TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS THIS FOURT14 AMENDMENT TO THE INTERLOCAL AGREEMENT ("Fourth Amendment") is made by and between the CITY OF BAYTOWN ("City") a municipal corporation and home -rule city of the State of Texas principally situated in Harris County, acting by and through its governing body, the Baytown City Council, ("City Council") a body corporate and politic under the laws of the State of Texas, and HARRIS COUNTY ("County") acting by and through its governing body, the Harris County Commissioners Court ("Commissioners Court"), and TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS ("TIRZ"), created by city action, pursuant to Chapter 311.005 of the Texas Tax Code. This Fourth Amendment is made pursuant to Chapter 791 of the Texas Government Code and Chapter 311 of the Texas Tax Code. WHEREAS, on August 9, 2001, the City Council adopted Ordinance No. 9197, designated the TIRZ comprised of 350 acres, and formed the TIRZ Board of Directors ('Board"). On November 20, 2001, by Ordinance No. 9275, the TIRZ was expanded to 474 acres. WHEREAS, on December 13, 2001, by Ordinance No. 9290, City Council adopted the Project Plan and Reinvestment Zone Financing Plan ("Project Plan") dated December 5, 2001. WHEREAS, on January 22, 2004, by Ordinance No. 9708, the City Council annexed approximately 45 acres to TIRZ. WHEREAS, on December 9, 2004, the City Council adopted Ordinance No. 9968 to restate the boundaries of TIRZ to include 474 acres expanded in 2001 and 45 acres annexed in 2004. WHEREAS, on December 18, 2007, the Commissioners Court approved the Interlocal Agreement to allow the County's participation in the Baytown TIRZ ("Original Agreement"). WHEREAS, on July 22, 2008, the Commissioners Court approved the City of Baytown's Amended Project Plan and Reinvestment Zone Financing Plan. WHEREAS, on July 24, 2008, the City Council approved TIRZ Restated and First Amended Project Plan by adoption of Ordinance No. 10,923. WHEREAS, on October 9, 2008, by Ordinance No. 10,982, the City Council ratified Ordinance No. 10,923. WHEREAS, on August 23, 2011, the Commissioners Court Approved the First Amendment to the Interlocal Agreement ("First Amendment") with City and TIRZ. WHEREAS, on November 19, 2012, by Ordinance No. 12,111, the City Council annexed 58.693 ACRES to TIRZ. WHEREAS, on November 19, 2012, by Ordinance No. 12,112, the City Council approved the 2012 Amendment to the Project Plan. WHEREAS, on March 26, 2013, the Commissioners Court Approved the Second Amendment to the Interlocal Agreement ("Second Amendment") based on 2012 Baytown TIRZ Enlargement. WHEREAS, on December 11, 2014, by Ordinance No. 12,730, the City Council de - annexed 112 acres from TIRZ and annexed 45 acres to TIRZ and 2014 Amendment to the Project Plan was approved. WHEREAS, on August 13, 2015, by Ordinance No. 12,918, the City Council annexed 79 acres to TIRZ and 2015 Amendment to the Project Plan was approved. WHEREAS, on December 20, 2016, the Commissioners Court Approved the Third Amendment to the Interlocal Agreement ("Third Amendment") to modify County's participation in TIRZ in accordance with City's proposed Project Plan and Reinvestment Zone Financing Plan revisions. WHEREAS, on January 26, 2017, by Ordinance No. 13,397, the City approved the Third Interlocal Agreement with Harris County and the Restated and Fifth Amended Project Plan and Reinvestment Zone Financing Plan. WHEREAS, on March 9, 2017, by Ordinance No. 13,423, the City approved the Sixth Amended Project Plan and Reinvestment Zone Financing Plan, annexed 228 acres to TIRZ and de -annexed 79 acres from TIRZ previously annexed in the Fourth Amended Plan. WIIEREAS, on December 10, 2020, by Ordinance No. 14,611, the City Council approved and restated the boundaries of the Zone. WHEREAS, on December 21, 2020, by Ordinance No. 14,637, the City Council approved the Seventh Amended Project Plan and Reinvestment Zone Financing Plan, annexed approximately 841.922 acres to TIRZ and de -annexed 58.693 acres from TIRZ previously annexed in 2012. WHEREAS, the parties intend that this Fourth Amendment shall supersede all terms and conditions of the Original Agreement, First Amendment, Second Amendment and Third Amendment, and County's participation may continue through tax year 2044. I. PARTIES The initial addresses of the jurisdictions that are parties to this Fourth Amendment, and may change by giving written notice of its changed address to the other parties, are as follows: CITY COUNTY City of Baytown Harris County 2401 Market Street 1001 Preston, Suite 500 Baytown, Texas 77522-0424 Houston, Texas 77002 Attention: Mr. Rick Davis, City Manager Attention: David Berry Executive Director, County Budget Officer TIRZ Board of Directors Tax Increment Reinvestment Zone Number One, City of Baytown, Texas c/o City of Baytown 2401 Market Street Baytown, Texas 77522-0424 Attention: Chair of Board of Directors II. DEFINITIONS As used in this Fourth Amendment, the following terms shall have the meanings set out below: "Base Value for Zone A" means the certified appraised value within the Zone A of the Zone as established by I [CAD for the 2005 Base Year. "Base Value for Zone C" means the certified appraised value within the Zone C of the Zone as established by HCAD for the 2012 Base Year. "Base Value for Zone D" means the certified appraised value within the Zone D of the Zone as established by HCAD for the 2016 Base Year. "Base Value for Zone G" means the certified appraised value within the Zone G of the Zone as established by HCAD for the 2020 Base Year. "Base Year for the Zone A" means tax year 2005, the base year for County's participation. "Base Year for the Zone C" means tax year 2012, the base year for County's participation. "Base Year for the Zone D" means tax year 2016, the base year for County's participation. "Base Year for the Zone G" means tax year 2020, the base year for County's participation. "Captured Appraised Value" means for any year the total taxable value as established by HCAD of all real property taxable by the County and located within the boundaries of Zone A, Zone C, Zone D, and Zone G of TIRZ for such year, less the Base Value for Zone A, Base Value for Zone C, Base Value for Zone D, and Base Value for Zone G respectively, as defined herein. "City" means the City of Baytown, a Texas home -rule municipal corporation. "County" means Harris County, Texas. "County Tax Increment Participation" means the County's annual ad valorem tax increment payments generated in Zone A, Zone C, Zone D, and Zone G to the TIRZ pursuant to Section IV of this Fourth Amendment. "HCAD" means the Harris County Appraisal District. "Payment Cap" means the cumulative maximum County Tax Increment Participation of $40,100,000 for all years in which the County makes payments to the Tax Increment Fund, comprised of Hunt Road $3,500,000, John Martin Road $1,500,000, San Jacinto Boulevard $9,500,000, Sjolander Road and North of Interstate 10 $5,600,000, and John Martin Road (Cedar Bayou Lynchburg to Wallisville) and Cedar Bayou Lynchburg Road $20,000,000. "Plan" means the Project Plan and Reinvestment Zone Financing Plan to be amended and approved by the Board and by the City Council of the City in accordance with the TIRZ Act which should supersede all prior Plans, and as may be subsequently amended. Attached hereto as Exhibit A is the Plan. "Tax Increment Fund" means the fund or account created by the City in the City Treasury for accumulating tax increment revenues associated with certified appraised value increases in the TIRZ. "Zone" means the area within the boundaries of the Tax Increment Reinvestment Zone Number One, City of Baytown, Texas as designated by the City by Ordinance No. 9197, enlarged by the City by Ordinance No. 9275, enlarged by the City by Ordinance No. 9708, enlarged by the City by Ordinance No. 12,111, de -annexed and enlarged by the City by Ordinance No. 12,730, and enlarged by the City by Ordinance No. 12,918, de -annexed and enlarged by the City by Ordinance No. 13,423, de -annexed and enlarged by the City by Ordinance No. 14637, and as the boundaries may hereafter be enlarged or reduced. Attached hereto as Exhibit B is the boundaries of the County Tax Increment Participation within the Zone. "Zone A" means the area as designated by the City by Ordinance No. 9197, enlarged by the City by Ordinance No. 9275, and the area of 112 acres de -annexed by the City by Ordinance No. 12,730. "Zone B" means the area enlarged by the City by Ordinance No. 9708 and whereas County does not participate in Zone B. "Zone C" means the area enlarged by the City by Ordinance No. 12,111. "Zone D" means the area of 45 acres enlarged by the City by Ordinance No. 12,730. "Zone E" means the area enlarged by the City by Ordinance No. 12,918 and whereas County does not participate in Zone E. "Zone F" means the area enlarged by the City by Ordinance No. 13,423 and whereas County does not participate in Zone F. "Zone G" means the area enlarged by the City by Ordinance No. 14,637 and tract along Hunt Road previously annexed as described in Exhibit B. Otherwise, the terms used herein have the meanings ascribed in Chapter 311 of the Texas Tax Code. III. EFFECTIVE DATE, PAYMENT CAP, TERMINATION DATE This Fourth Amendment supersedes the Original Agreement, the First Amendment, the Second Amendment, and the Third Amendment and summarizes all terms and conditions of County participation. The Fourth Amendment shall terminate the earlier of: 1) calendar date August 31, 2045, with respect to taxes collected through tax year 2044; or 2) such time as the cumulative County Tax Increment Participation equals the Payment Cap of $40,100,000, (comprised of Hunt Road $3,500,000; John Martin Road $1,500,000; San Jacinto Boulevard $9,500,000; Sjolander Road and North of Interstate 10 $5,600,000; and John Martin Road (Cedar Bayou Lynchburg to Wallisville) and Cedar Bayou Lynchburg Road $20,000,000;or 3) such time as the County Tax Increment Participation is no longer required to pay for the project costs in which the County has agreed to participate; or 4) in the event of an earlier default by the City or the TIRZ; or 5) unless otherwise terminated as provided in this Fourth Amendment. Upon termination of this Fourth Amendment, the obligation of the County to contribute to the Tax Increment Fund for the TIRZ shall end. However, the obligations of the City and the TIRZ to refund any overpayment by the County shall survive such termination. IV. COUNTY OBLIGATIONS AND PROJECT DESCRIPTION & COSTS A. County Tax Increment Participation For and in consideration of the agreements of the parties set forth herein, and subject to the remaining subsections of this section, the parties agree that the County shall participate in the Zone A of TIRZ through annual tax increment payments, to the extent authorized by law, to the Tax Increment Fund at a rate of 75% of only the County tax rate, but not to exceed $0.30000 per $100, of tax increment attributable to Captured Appraised Value within the Zone A of TIRZ. The term of County Tax Increment Participation for Zone A will be a maximum of 38 years, beginning with tax year 2007, and ending with tax year 2044, or at such earlier time as the sum of the total tax increment payments contributed by the County in Zone A and Zone D equals the total payment cap of $14,500,000, but not to exceed 1/2 of all eligible project cost for Ilunt Road, John Martin Road and San Jacinto Boulevard projects, or at such time as the County's tax increment payment generated in Zone A and Zone D is no longer required to pay for the Hunt Road, John Martin Road and San Jacinto Boulevard projects. Payments by the Port of Houston Authority, the Harris County Flood Control District, the Harris County Hospital District, and any other taxing entity for which the County imposes ad valorem taxes either now or in the future, shall be 0% of the tax increment attributed to the Captured Appraised Value within the TIRZ. For and in consideration of the agreements of the parties set forth herein, and subject to the remaining subsections of this section, the parties agree that the County shall participate in the Zone C of TIRZ through annual tax increment payments, to the extent authorized by law, to the Tax Increment Fund at a rate of 65% of only the County tax rate attributable to Captured Appraised Value within the Zone C of TIRZ. The term of County Tax Increment Participation for Zone C will be a maximum of 18 years, beginning with tax year 2013, and ending with tax year 2030, or at such earlier time as the sum of the total tax increment payments contributed by the County in Zone C equals the payment cap of $5,600,000 for Sjolander Road and North of Interstate 10 project, or at such time as the County's tax increment payment generated in Zone C is no longer required to pay for Sjolander Road and North of Interstate 10 project. Payments by the Port of Houston Authority, the Harris County Flood Control District, the Ilarris County Hospital District, and any other taxing entity for which the County imposes ad valorem taxes either now or in the future, shall be 0% of the tax increment attributed to the Captured Appraised Value within the TIRZ. For and in consideration of the agreements of the parties set forth herein, and subject to the remaining subsections of this section, the parties agree that the County shall participate in the Zone D of TIRZ through annual tax increment payments, to the extent authorized by law, to the Tax Increment Fund at a rate of 75% of only the County tax rate, but not to exceed $0.30000 per $100, of tax increment attributable to Captured Appraised Value within the Zone D of TIRZ. The term of County Tax Increment Participation will be a maximum of 28 years, beginning with tax year 2017, and ending with tax year 2044, or at such earlier time as the sum of the total tax increment payments contributed by the County in Zone A and Zone D equals the total payment cap of $14,500,000, but not to exceed 1 2 of all eligible project cost for Hunt Road, John Martin Road and San Jacinto Boulevard projects, or at such time as the County's tax increment payment generated in Zone A and Zone D is no longer required to pay for the Hunt Road, John Martin Road and San Jacinto Boulevard projects. Payments by the Port of Houston Authority, the Harris County Flood Control District, the Harris County Hospital District, and any other taxing entity for which the County imposes ad valorem taxes either now or in the future, shall be 0% of the tax increment attributed to the Captured Appraised Value within the TIRZ. For and in consideration of the agreements of the parties set forth herein, and subject to the remaining subsections of this section, the parties agree that the County shall participate in the Zone G of TIRZ through annual tax increment payments, to the extent authorized by law, to the Tax Increment Fund at a rate of 75% of only the County tax rate, but not to exceed $0.30000 per $100, of tax increment attributable to Captured Appraised Value within the Zone G of TIRZ. The term of County Tax Increment Participation will be a maximum of 24 years, beginning with tax year 2021, and ending with tax year 2044, or at such earlier time as the sum of the total tax increment payments contributed by the County in Zone G equals the total payment cap of $20,000,000, but not to exceed 1/2 of all eligible project cost for John Martin Road (Cedar Bayou Lynchburg to Wallisville) and Cedar Bayou Lynchburg Road projects, or at such time as the County's tax increment payment generated in Zone G is no longer required to pay for the John Martin Road (Cedar Bayou Lynchburg to Wallisville) and Cedar Bayou Lynchburg Road projects. Payments by the Port of Houston Authority, the Harris County Flood Control District, the Harris County Hospital District, and any other taxing entity for which the County imposes ad valorem taxes either now or in the fiiture, shall be 0% of the tax increment attributed to the Captured Appraised Value within the TIRZ. The County Tax Increment Participation shall be restricted for use only on the projects and in the amounts set forth below: Maximum Amount $ John Martin Road Project: $1,500,000 Extending John Martin Road to Hunt Road Hunt Road Project: $3,500,000 Construction of Ilunt Road from Garth Road to John Martin Road San Jacinto Boulevard Project: $9,500,000 Construction of San Jacinto Boulevard, Ill 10 to Cedar Bayou Lynchburg Sjolander Road and North of Interstate 10 Project $5,600,000 John Martin Road (Cedar Bayou Lynchburg to Wallisville) and Cedar Bayou Lynchburg Road Projects $20,000,000 TOTAL PROJECT COSTS $40,100,000 The costs set forth herein are estimates and shall not act as a limitation on any particular element of the costs for the specified projects, although the County participation Payment Cap shall not be increased in the event of cost overruns in specific categories of cost. In the event of bond financing, the County Tax Increment Participation may be dedicated to bond repayment. However, in that event, a portion of the bond proceeds equal to the total of all of the County's proposed participation shall be restricted for use only on those projects and in the amounts set out herein and not to be used for any bond financing cost. In the event the City or the Board expends funds inconsistent with the Plan attached hereto as Exhibit A, the County may notify the City and the Board of such breach, and the defaulting party shall have 60 days to cure the breach. In the event the breach is not cured within 60 days, the County may elect to suspend all tax increment payments to the TIRZ until the breach is cured. The County increment funds shall only be used to fund the projects' costs as detailed in herein, and shall not be used to fund bond financing related cost, water, sewer, street lighting, and sidewalks. Further, any costs incurred above the County Payment Cap will be incurred at the expense of the developers, the City, and the TIRZ. The County, at its option, may choose to manage construction of any project listed herein to which it contributes more than 51 ° o of the total project costs with respect to such project. B. Payment Date & Limitations of County Tax Increment The County shall disburse annual increment payments once each year to the City or the TIRZ by August 31 st. The County has no duty or obligation to pay the County Tax Increment Participation from any other County taxes or revenues, or until the County Tax Increment Participation for the TIRZ is actually collected. Any portion of the taxes representing the County Tax Increment Participation that are paid to the County and subsequently refunded to taxpayer, pursuant to the provisions of the Texas Tax Code, shall be offset against future payments to the Tax Increment Fund. The obligation to pay the County Tax Increment Participation accrues as taxes representing the County Tax Increment Participation are collected by the County. No interest or penalties shall be charged to the County for any late payments from the County to the City or TIRZ, regardless of any statutory provision that may permit assessment of late payment penalties. The obligation of the County to fund projects is limited to the area within the current TIRZ boundaries. The County Tax Increment Participation does not extend to the tax increment on any additional property that would increase the total amount of project costs above the stated Payment Cap for County Tax Increment Participation, unless Commissioners Court specifically grants its prior approval to participate in such additional area, projects, or costs. In addition, County participation does not extend to any dedication of revenue from the Tax Increment Fund for projects outside the TIRZ, unless Commissioners Court specifically grants its prior approval to participate in such dedication. V. CITY AND BOARD OBLIGATIONS A. Future Revisions to the Plan Any member of Commissioners Court may review and comment upon any Revised Plan, prior to approval. The City agrees to formally present to Commissioners Court any proposed TIRZ amendment or expansion at least 60 days prior to submitting it to City Council for approval, regardless of whether the County will be asked to participate in such an amendment. County participation in any Revised Plan requires a majority affirmative vote by Commissioners Court and amendment to the terms of this Fourth Amendment, prior to approval by City Council. Failure of the City or the Board to receive such Commissioners Court approval is a breach of the Fourth Amendment and may be regarded by the County as grounds for termination of this Fourth Amendment. B. Disposition of Tax Increment Upon termination of the TIRZ, and after all bonded indebtedness of the TIRZ has been paid, the City and the Board shall refund to the County, within 30 days of said termination, all monies remaining in the Tax Increment Fund that are attributable to the County Tax Increment Participation. C. Annual Audited Financial Statements and Other Reports of the TIRZ Each year the City or the Board shall furnish complete copies of the audited financial statements for the TIRZ, including auditor's opinion and footnotes to, within 90 days of completion by the auditors for the TIRZ. In addition, the City shall provide to the County a copy of all reports, studies and analyses prepared by the City, the TIRZ or others concerning expenditure of Tax Increment Funds or repayment of bonded indebtedness of the TIRZ. D. County Audit Rights The County shall have the right to audit the Tax increment Fund and the books and records of the TIRZ upon 30 days written notice to the City or the TIRZ. At the discretion of the County, any such audit shall be performed by the County or at County expense. E. Limitations for Administrative Fees Neither the City nor the Board members nor the TIRZ itself shall be entitled to receive any type of fee, whether administrative, overhead, or otherwise, for any amounts paid into the Tax Increment Fund by the County. The City agrees to forego acceptance of any fee that may be permitted by current or future federal, state, or local statute, other than for fire, police, and EMS services, whether deducted from the Tax Increment Fund or offset against payments to the TIRZ or reimbursed by the TIRZ at a later date unless the fee is owed for specific projects described in "COUNTY OBLIGATIONS AND PROJECT DESCRIPTION & COSTS". VI. EARLY TERMINATION AND BREACH A. Early Termination The TIRZ may terminate pursuant to the provisions of Texas Tax Code Chapter 311. If the City's participation ceases or is decreased, then the County's participation shall automatically cease or be decreased by the same pro rata percentage. B. Breach of Fourth Amendment Events of breach by the City or the TIRZ include, but are not limited to, the following: 1. Expenditure of Tax Increment Funds by the City or the TIRZ in a manner inconsistent with the Plan, or any Revised Plan; or 2. A default on bonded indebtedness or other debt obligations of the TIRZ subsequent to completion of construction and funding detailed in "COUNTY OBLIGATIONS AND PROJECT DESCRIPTION & COSTS." It is the intent of the parties that County participation in the TIRZ or any expansion thereof is limited to the term or terms as stated herein. Nothing in this Fourth Amendment, however, limits the authority of the County Commissioners Court to increase the Payment Cap and the amount of the County Tax Increment Participation set forth in "COUNTY OBLIGATIONS AND PROJECT DESCRIPTION & COSTS." Upon early termination and'or of this Fourth Amendment, the obligation of the County to contribute to the Tax Increment Fund for the TIRZ shall end. However, the obligations of the City and the TIRZ to refund any overpayment by the County shall survive such early termination and/or breach. VII. ADMINISTRATION A. Reconciliation of Accounts The payment calculations for County Tax Increment Participation shall include appropriate retroactive adjustments for any prior year subsequent tax collections or other necessary adjustments. In any year of County Tax Increment Participation, if the County payment is determined to have been at least 10% greater than the amount actually due, the County may at its discretion request that the amount of overpayment be refunded by the City or the TIRZ within 60 days of receipt by the City of the TIRZ of written notification from the County that such overpayment occurred. Otherwise, the amount of overpayment shall be offset in the appropriate amount as a retroactive adjustment in the subsequent year payment by the County to the TIRZ or the City. In any year of County Tax Increment Participation, if the County tax increment payment is determined to have been at least 10% less than the amount actually due, the City or TIRZ may, at its discretion, request that the amount of underpayment be paid to the City or the TIRZ within 60 days of the County's receipt of written notification from the City or the TIRZ that such underpayment by the County occurred. Otherwise, the amount of underpayment shall be included in the appropriate amount as a retroactive adjustment in the subsequent year payment by the County to the TIRZ or the City. In the event of an overpayment or underpayment within 10% of the County payment in a given year, the County shall include a retroactive adjustment for the appropriate amount in its subsequent year payment. B. Board of Directors The County shall have the unequivocal right to appoint and thereafter at all times maintain one member on the Board. The County may also appoint and maintain as many non -voting ex officio members on the Board as the County may choose. C. Severability In the event any term, covenant or condition herein contained is held to be invalid by any court of competent jurisdiction, such invalidity shall not affect any other term, covenant or condition herein contained. In the event any term, covenant or condition shall be held invalid and affects in any manner the limitations on the County's, or any other participant's contributions, then neither the County, nor any other participant, shall have any liability for any incremental or other payments as may otherwise be provided herein. D. Entire Agreement This Fourth Amendment merges the prior negotiations and understandings of the parties hereto and embodies the entire agreement of the parties, and there are no other agreements, assurances, conditions, covenants (expressed or implied) or other terms with respect to the covenants, whether written or verbal, antecedent or contemporaneous, with the execution hereof. E. Written Amendment Unless otherwise provided herein, this Fourth Amendment may be amended only by written instrument duly executed on behalf of each party. F. Notification: All notices required or permitted hereunder shall be in writing and shall be deemed delivered when actually received or, if earlier, on the third business day following deposit in a United States Postal Service post office or receptacle with proper postage affixed, via certified mail with return receipt requested, and addressed to the respective other party at the address prescribed in the Section entitled "PARTIES" in this Fourth Amendment, or at such other address as the receiving party may have theretofore prescribed by notice to the sending party. G. Non -Waiver: Failure of any party hereto to insist on the strict performance of any of the covenants herein or to exercise any rights or remedies hereunder upon default of failure of performance shall not be considered a waiver of the right to insist on, and to enforce by any appropriate remedy, strict compliance with any other obligation hereunder or to exercise any other right or remedy occurring as a result of any future default or failure of performance. H. Assignment: No party shall assign this Fourth Amendment at law or otherwise without the prior written consent of the other parties. No party shall delegate any portion of its performance under this Fourth Amendment without the written consent of the other parties. I. Successors: This Fourth Amendment shall bind and benefit the parties and their legal successors. This Fourth Amendment does not create any personal liability on the part of any officer, agent or employee of the City, City Council, the TIRZ, the Board, the County, or Commissioners Court. J. No Waiver of Immunity: No party hereto waives or relinquishes any immunity or defense on behalf of itself, officers, employees, and agents as a result of its execution of this Fourth Amendment and performance of the covenants contained herein. IN WITNESS WHEREOF, the City, the County and the Board have m�jde and executed this Fourth Amendment in multiple copies, each of which is an original. Failure by the City and the Board to execute this Fourth Amendment within 90 days of approval by Commissioners Court shall render this Fourth Amendment null and void. APPROVED AS TO FORM: Harris County Attorney Christian Menefee By: Sarah Ibrahim Assistant County Attorney Date: ATTEST/SEAL: Harris County By: Lina Hidalgo County Judge Date: CITY OF BAYTOWN By: By: Leticia Brysch Brandon Capetillo City Clerk Mayor, City of Baytown Date: Date: TAX INCREMENT REINVESTMENT ATTEST/SEAL: ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS By: By: Name: Name: Chair, Board of Directors Secretary, Board of Directors Date: Date: Exhibit A 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 2B - Projected Revenues - Harris County, Original Zone Exhibit 2C - Projected Revenues -- Chambers County, 2017 Amendment Exhibit 20 - 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 I 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 tone 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 Country Club Manor $1,564,432 $2,453,537 Baker Road 2008 and 2012 Hunt Road John Martin $518,657 $7,000,000 $3,000,000 _ San Jacinto Boulevard $19,000,000 Sjolander Road _ $6,500,006 Public Roadways $11,700,000 Water, Wastewater & Drainage improvements Fire, Police and EMS to support residential _$3,000,000 $4,700,000 Engineering and Legal $8,000,000 Kilgore Park Sanitary Sewer Kilgore Park Storm Sewer/drainage $3,650,000 $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) _ w �~ $20,000,000 Zone Administration and Project Management 1 $2,000,000 Total $127,566,626 Note: 10% of all project costs for the Zone may be 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: 0 75% of tax rate not to exceed $0.30/$100 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 Harris County Participation, 2020 Amendment: $14,500,000 County Cap $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 S shows the proposed areas of Harris County Participation. Harris County's participation will include the following projects: Project Cedar Bayou Lynchburg Road John Martin Road (Cedar Bayou Lynchburg to Wallisville) Total Chambers County: • 60% of tax rate for 2017 annexation Estimated County Allocation $10,000,000 $10,000,000 $20,000,000 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 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 tone (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 QS% 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. -9- 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 Entitles Incremental Revenue city Harris County CCeomun� Total increment $ 2,223,020 S 617,235 $ 119,487 $ 2,959,742 S 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 $ 3,584,725 $ 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 $ 152,662 $ 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 S 165,829 $ 6,891,965 $ 5,331,936 $ 1,756,414 $ 170,837 $ 7,259,188 $ 5,510,012 $ 1,934,823 $ 175,996 5 7,620,831 $ 5,613,167 $ 2,114,174 $ 181,310 $ 7,908,650 $ 5,719,417 $ 2,247,495 $ 186,783 $ 8,053,694 $ 5,894,809 $ 2,215,932 $ 192,420 $ 9,303,060 $ 6,075,461 $ 2,286,219 $ 198,226 $ 8,559,906 $ 6,261,534 $ 2,3K717 $ 204,207 $ 8,824,4S8 $ 6,453,189 $ 2,433,391 $ 210,366 5 9,096,946 $ 6,6SO,593 $ 2,510,305 $ 216,711 $ 9,377,609 $ 6,853,920 $ 2,589,526 $ 223,246 $ 9,666,692 S 7,063,346 S 2,671,124 $ 229,977 $ 9,964,447 $ 7,279,055 $ 2,755,170 $ 236,910 $ 10,271,13S $ 7 SOl 236 $ 2,842,737 $ 244,051 $ 10,587,024 $ 14539,004 $ 43,184,3S1 $ 4,369,261 $ 169,092,616 Exhibit 2A Projected Revenues —City, Original Zone f Hunt Projected Assessed Valuation Projected Captured Base Year Taxable Appraised Tax Valuation Valuation Value Year (Increment) 2020 S 15.199,013 $ 300,476,976 $ 285,277,963 2021 S 15,199,013 $ 309,491,285 $ 294,292,272 2022 $ 15,199,013 $ 31%776,024 $ 303,577,011 2023 $ A199.013 $ 328,339,305 $ 313,140,292 2024 $ 15,199,013 5 338.189,484 $ 322,990,471 2025 $ 15,199,013 S 348.335.169 $ 333,136,155 2026 $ 15,199,013 5 358,785,223 $ 343,586,210 2027 $ 15,299,013 $ 369,548,780 $ 354,349,767 2028 S 15,199,013 $ 3%635,243 S 365,436,230 2029 $ 15,199,013 S 39ZOS4,301 5 376,955,288 2030 $ 15,199,013 S 403,815,930 $ 388,616,917 2031 $ 15,199,013 S 415,930,408 5 400,731,395 2032 S 25,199,013 $ 428,408,320 $ 413,209,307 2033 $ 15,199,013 $ 441,260,569 S 426,061,SS6 2034 $ 15,199,013 $ 454,498,396 $ 439,299,373 2035 S 1S 199,013 $ 468,133,338 S 452,934,325 2036 S 15,199,013 S 482,177,338 S 466,978,325 2037 S 15,199,013 S 496,642,658 S 481,443,645 2038 $ 15,199,013 $ 511,543,938 $ 496,342,925 2039 $ 1%199,013 $ 526,BBB,l96 $ 511,689,183 2040 S 15,199,013 S 542,694,842 $ 527,495,829 2041 $ 15,199,013 S SSB,975,687 $ 543,776,674 2042 S 15,199.013 $ 575,744,958 $ 560,545,945 2043 $ 15,199,013 $ 593,017,307 $ 577,818,294 2044 S 15,199,013 S 610,807,826 S 595,608,813 Notes/Assumptions•. Projected Revenue Tax Coll increment Cumulative Year Year Tax Rate Revenue Revenuesto Zone 2020 2021 0.79SIS S 2,223,020 S 2,223,020 2021 2022 0.79515 S Z293,264 $ 4,516,284 2022 2023 0.79515 5 2,36S,61S $ 6,881.898 2023 2024 0.79515 $ 2,440,136 $ 9,322,035 2024 2025 0.79S1S $ 2,516,894 $ I1,838,928 2025 2026 0.79S1S S ZS9S,9S3 $ 14,434,892 2026 2027 0.79515 $ 2,677,385 5 17,112,267 2027 2028 0.79SIS S Z761,260 $ 19,873,527 2028 2029 0.79SIS S 2,847,651 S 22,721,178 2029 2030 0.79SIS S 2,936,634 $ 25,657,811 2030 2031 0.79515 S 3,024286 S 28,6%097 2031 2032 0.79SIS S 3,122,687 $ 31.808,784 2032 2033 0.79SIS 5 3,219,921 $ 35,028,706 2033 2034 0.79515 S 3 32%072 S 38.348,777 2034 2035 M79SI5 S 3,423,227 $ 41,772,005 2035 2036 0.79515 S 3,529,477 $ 45,301,482 2036 2037 0.79515 S 3,638,915 $ 48,940,396 2037 2038 0.79S1S $ 3,751,635 S 52,692,031 2038 2039 0.79515 $ 3,867,737 $ 56,SS9,769 2039 2040 OL79SIS $ 3,987,323 $ 60,547,091 2040 2041 0.79SIS $ 4,1106495 $ 64,6S7,S87 2041 2042 1179SIS S 4.237,363 S 68,894,950 2042 2043 0.79515 S 4,368.037 $ 73,262,988 2041 2044 0.79S1S S 4,502,632 $ 77,765,619 2044 2045 0.79515 S 4,64 264 $82,406,11113 $ 82,406,883 !UC]tyllase Value Year 2001 far Onpmat Zone. Year 20fM far portion of Hunt 9, td annexed in 2004, and Year 1014 for portion annand in 2014 <.h lndude, 3=>i annual appteantion 3198%fblledton Exhibit 2B Projected Revenues — Harris County, Original Zone Projected Assessed Valuation Projected Captured Base Year Taxable Appraised Tax Valuation Valuation Value Year (increment) 2020 S 39,820,702 S 249,764,574 S 209,943,872 2021 S 39,8I0,702 S 257,257,511 S 217,436,803 2022 $ 39,820,702 $ 264,975,237 $ 225,154,535 2023 S 39,820,702 5 272.924,494 $ 233.103,792 2024 S 39,920,702 S 291,112,228 S 241,291,526 2025 S 39AM702 $ 289,S4S,S95 $ 249,724,993 2026 5 39,920,702 S 298,231,963 $ 258,411,261 2027 $ 39,820,702 S 307,178,922 S 267,358,220 2028 $ 39,820,702 $ 316,394,290 $ 276,S73,S88 2029 $ 39,820,702 $ 325,886.118 $ 286,065,416 2030 S 39.820,702 S 335,662,702 S 295.842,000 2031 $ 39,820,702 $ 345,732,583 S 305,911,881 2032 S 39,820,702 $ 356,104,561 S 316,283,859 2033 S 39,820 702 $ 366,787.697 S 326,966,995 2034 S 39,820,702 S 377,791.328 S 337,970,626 2035 S 39,820,702 S 389,12%068 S 349,304,366 2036 S 39,820,702 S 400,798,820 $ 360,978,118 2037 S 39.820,702 $ 412,822,785 $ 373,002,093 2039 S 39.820,70I 5 425,207,468 S 385,386.766 2039 S 39,820,702 5 437,963,692 $ 398,14Z990 2040 S 39,820,702 S 451,102,603 S 411,281,901 2041 $ 39,82Q702 S 464,635,681 S 424,914,979 2042 S 39,820,702 $ 478,574,752 S 438,754,050 2043 S 39,8I0,702 S 492,931.994 S 453,111,I92 2044 $ 39,8Z0,702 $ 507,719,954 $ 467,899,252 Notes/Asnrmptbnf: Projected Revenue Tax Con Increment Cumulative Year Year Tax Rate Revenue Revemfesto Zone 2020 2021 Q3 S 617,235 S 617,235 2021 2022 0.3 S 639,264 S I,256,499 2022 2023 Q3 S 661,954 S 1,918,454 2023 2024 Q3 S 68S,32S S 2.603,779 2024 2025 0.3 S 709,397 S 3,323,176 2025 I026 Q3 S 734,191 S 4,047,367 2026 2027 0.3 $ 759,729 S 4.607,096 2027 2028 0.3 S 796,033 S 5,593,129 2028 2029 0.3 $ 813,126 $ 6,406,256 2029 2030 0.3 S 84LO32 $ 7,247.288 2030 2031 113 S 869,775 S 8,117,063 2031 2032 0.3 $ 999,381 S 9,016.444 2032 2033 413 S 929,875 $ 9.946,319 2033 2034 Q3 $ 961.283 $ 14907,602 2034 2035 03 S 993,634 S 11,901,235 2035 2036 Q3 S 1,026,955 $ IZ928,190 2036 2037 0.3 $ 1,061,276 S 13,989,466 2037 2038 Q3 $ 2,096.626 S 15,096,092 2038 20" 0.3 S 1,133,037 $ M4219,129 2039 2040 0.3 $ 1,170,540 S 17,399,670 2040 2041 Q3 S 1,209.169 S 18,598,838 2041 2042 03 S 1.248,956 S 19 847,794 2042 2043 0.3 S 1,289,937 $ 22,137,731 2043 2044 03 S 1,33Z147 S 2Z469,879 2044 2045 0.3 3 375,624 S 2 845 S02 S 23,84S.SM Itl County as se Value • Year 20051or Original tone, Year 2M for portion of Huai 901id annexed in 2004 and Year 2014 for portien annexed in 2014 III Includes 30% annual appreciation 11123%Collection 14) County participates at 7S%of tax rate not to exceed So 30 per $100 Exhibit 2C Projected Revenues - Chambers County, 2017 Amendment Projected Assessed Valuation Projected Captured ease Year Taxable Appraised Tax Valuation Valuation Value Year iincrement) 2020 $ 448,S60 $48,209,260 $ 47,760,700 2021 $ 448,560 $ 49,655,538 $ 49,206,978 2022 $ 448.S60 5 51,145.204 $ S0,696,644 2023 $ 448,S60 $ S2,679,560 $ 52,231,000 2024 S 448,S60 $ 54,2S9,947 $ 53,811,387 202S $ 448,560 $ 55,887.745 $ SS,439,18S 2026 $ 4IMS60 $ S7,564,378 $ 57,115,818 2027 $ 448.S60 $ 59,291,309 $ S8,842,749 2028 $ 448,S60 $ 61,070,048 $ 60,622,488 2029 $ 448,S60 $ 62,902,ISO $ 62,4S3,S90 2030 $ 448.S60 $ 64,799,214 $ 64,340,654 2031 S 448,S60 $ 66,732.891 $ 66,284,331 2032 $ 448,S60 $ 68,734.877 S 68,286,317 2033 $ 44%S60 S 70,796,924 $ 70,348,364 2034 $ 448,S60 $ 72,924831 $ 72,472,271 2035 $ 448,560 $ 7S,1%456 $ 74,659,896 2036 $ 448,S60 $ 77.361.710 $ 76,913,150 2037 S 448,S60 $ 79,682,S61 $ 79,234,001 2038 $ 448,S60 $ 82,073.038 $ 81,624,478 2039 S 448,S60 $ 94,535,229 $ 84,086,669 2040 $ 448,S60 $ 87,071,296 $ 86,622,726 2041 $ 448,S60 $ 89,683,42S $ 89,234,865 2042 $ 448,S60 $ 92,373,927 $ 91,925,367 2043 $ 448,560 $ 9S,14S,14S S 94,696,SSS 2044 $ 448,560 $ 97,999,S00 S 97,SS0,940 Notes/Assumptions: (1) wlgore Tract located in Chambers County Projected Revenue Tax Coll Increment Cumulative Year Year Tax Rate RevenueRevelwesto (�) Zone 2OZO 2021 0.425473 S 119,487 S 119,487 2021 2022 0.42S473 S 123,105 S 24I,S92 2022 2023 OAM73 5 126,832 5 369,424 2023 2024 0.425473 $ 130,671 S S00,094 2024 202S 0.425473 $ 134,624 $ 634,719 2025 2026 0.425473 $ 138,697 S 773,415 2026 2027 0.425473 $ 142,891 $ 916,307 2027 2028 0.42S473 S 147,212 5 1.063,S18 2028 2029 0.425473 $ 1S3,662 $ 1,215,180 2029 2030 0.425473 $ IK24S $ 1,371,425 2030 2031 0.425473 $ 160,966 $ 1,S32,392 2031 2032 0.425473 $ 16S,829 $ 1,698,220 2032 2033 0.42S473 $ 170,837 $ 1,869,OS8 2033 2034 0.42S473 $ 17S,996 $ 2,045,054 2034 203S 0.425473 $ ISL320 $ 2,226,364 2035 2036 0.42S473 $ 186,783 $ 2,413,147 2036 2037 0.425473 $ 192,420 $ 2,605,S66 2037 2039 0.425473 $ 198,226 $ 2,803,793 2038 2039 0.42S473 $ 204,207 $ 3,007,999 2039 2040 0.425473 $ 210,366 $ 3,228,366 2040 2041 0.425473 $ 216,711 $ 3,43S,077 2041 2042 0.425473 S 223,246 $ 3,658,323 2042 2043 0.425473 $ 229,977 $ 3,888,300 2043 2044 0.42S473 S 236,910 $ 4,125,210 2044 204S 0.4ZS473 $ 244,051 S 4 369 261 S 4,369,261 Exhibit 2D Projected Revenues —City, 2020 Amendment Projected Assessed valuation Projected Captured ease Year Taxable Appraised Tax Valuation Valuation Value Year (Increment) 2020 $1,093,6S1 S 1,093,6S1 S 2021 S 1,093,6S1 S 1,124461 $ 32,810 202I S 1,093,6S1 S 1,124461 S 32,810 2023 S 1,093,6SI S 3,126,461 S 2,037,810 2024 S 1,093,652 $ 7,126,461 S 6,032,810 202S $ 1,093,6S1 S 22,126,462 S 21,032,810 2026 S 1,093,6S1 S 37,126,461 $ 36032,810 2027 5 1,093,6S1 $ 87,126,461 S 86,032,810 2028 S 1,093,6S1 S 137,1Z6,461 S 136,032,810 2029 S 1,093,6S1 $ 187,126,461 S 186,032,810 2030 $ 1,093,6S1 S 237,126,461 $ 236,032,BI0 2031 S 1,093,651 S ZS7,126,461 $ 2S6,032,810 2032 $ 1,093,6SI $ 272,126,461 $ 271,032,910 2033 $ 1,093,651 S 282,126,461 S 281,032,810 2034 $ 1,093,6S1 $ 282,126,461 S 281,032,810 2035 $ 1,093,6S1 $ 282,126,461 $ 281,032,810 2036 $ 1,093,6S1 $ 290,590,254 $ 289,496,603 2037 $ 1,093,6S1 $ 299,307,962 $ 298,214,311 2038 $ 1,093,6S1 5 308,287,201 S 307,193,SS0 2039 $ 1,093,6S1 S 317,S3S,817 $ 316,442,166 2040 S 1,093,651 S 327,061.891 S 325,968,240 2041 5 1,093,651 $ 336,873,748 $ 33S,780,097 2042 $ 1,093,6S1 S 346,979,961 S 34S,886,310 2043 $ 1,093,651 $ 357,389,3S9 S 3S6,2%,708 2044 $ 1,093,651 $ 368,112,040 S 367,017,399 Notes/Anumptbns: 11199%w lemon 1218u1Id out assumptions prossded by the city Projected Revenue Tax Coll Increment Cumulative Year Year Tax Rate Revenue Revenuesto Zone 2020 2021 0.79515 S $ 2021 2022 0.79S15 S 256 $ 2S6 2022 2023 M79SIS S 2S6 5 511 2023 2024 0.79SI5 $ 15,841 $ IC352 2024 2025 0.79515 S 47,010 S 63,362 202S 2026 0.79S1S $ 163,998 S 227,260 2026 2027 0.79S1S S 280,78S $ SM045 2027 2028 0.79SIS $ 674408 $ 1,17%4S3 2028 2029 0.79SIS S 1.060,032 $ 2,236,484 2029 2030 0.79SIS $ 1,449,655 S 3,688,139 2030 2031 0.79515 S 2.939,279 S 5,527,418 2031 2032 Q79SI5 S 1,995,128 S 7,S22,S46 2032 2033 0.79515 S 2,112,015 $ 9,634,561 2033 2034 0.79515 S 2,189,940 S 11,824,501 2034 2035 0.79S15 $ 2,189,940 S 24,014,440 203S 2036 0.79515 5 2,189,940 $ 16,204,380 2036 2037 0.79SIS $ 2,25S,894 S 18,46Q274 2037 2038 0.79515 $ 2,323,826 $ 20,784,100 2038 2039 0.79S1S S 2,393,797 $ 23,177,896 2039 2040 0.7951S 5 Z,465,866 S ZS,643,762 2040 2042 0.7951S $ 2,S40,098 $ 28,183,860 2041 2042 0.79515 $ 2,616,5S6 S 30,SK416 2042 2043 0.79S1S $ 2,695 309 S 33,495,72S 2043 2044 0.7951S S 2,776,424 S A27ZI49 2044 2045 0.79515 2,859,972 S 39132,121 S 39,132,221 Exhibit 2E Projected Revenues — Harris County, 2020 Amendment Projected Assessed Valuation Projected Captured Base Year Taxable Appraised Tax Valuation Valuation Value Year (Increment) 2020 $4,534,364 $ 4,534,364 $ 2021 S 4,534,364 S 4,670,39S S 136.031 2022 S 4,S34,364 $ 14,670,395 S 10,136,031 2023 $ 4,534,364 $ 34,670,39S 5 306136,031 2024 $ 4,S34,364 S 64,6M,395 $ 60,136,031 2025 S 4,534,364 S 95670,395 S 91,136,031 2026 $ 4,S34,364 S 125,670,395 S 121,136,031 2027 $ 4,534,364 S 135,670,39S $ 131,IM,031 2028 S 4,S34,364 $ 155,670,39S S 151,136,031 2029 $ 4,S34,364 S 17S,670.M $ 171,136,031 2030 S 4,534,364 $ 205,670,395 $ 201,IM.031 2031 S 4,S34,364 S 245,670,39S S 241,136,031 2032 S 4,S34,364 S 285,670395 $ 281,136.031 2033 $ 4,S34,364 S 33S,670,39S $ 331,136,032 2034 $ 4.534,364 $ 38S,670,39S S 381.136,031 203S 5 4,S34,3M $ 385,670,395 S 381,136,031 2036 $ 4,S34,364 $ 397,240.507 S 392.706,143 2037 S 4,S34,364 $ 40%157,722 S 404,623,3S8 2038 $ 4,534,364 $ 421,432,4S4 $ 416SK090 2039 $ 4,S34,364 S 434,075.427 $ 429,S41,063 2040 $ 4,S34,364 $ 447,097,690 S 442,S63,326 2041 $ 4,S34,364 S 4%510,621 $ 4SS,976,2S7 2042 $ 4,S34,364 S 474,325,939 $ 459,791,S75 2043 S 4,S34,361 S 488,SSS,718 $ 4114,021,354 2044 S 4.534,364 $ 503,212,389 S 498,678,02S notes/Asttimptlons: Projected Revenue Tax CCU Increment Cumulative Year Year Tax Rate Revenue Revenuesto Zone 2020 2021 0.3 S $ 2021 2022 0.3 $ 400 $ 400 2022 2023 0.3 $ 29,800 $ 30,200 2023 I024 0.3 $ 88,600 $ 118,800 2024 202S 0.3 $ 176,800 $ 295,600 2025 2026 0.3 $ 267,940 S 563,S40 2026 2027 0.3 $ 356,140 S 919,680 2027 2028 0.3 $ 385,S40 $ 1,305,220 2028 2029 0.3 S 444,340 $ 1,749,SS9 2029 2030 0.3 S 503,140 S 2,252,699 2030 2031 0.3 $ S91,340 S 2,844.039 2031 2032 0.3 $ 708,940 S 3,552,979 2032 2033 0.3 5 826,S40 S 4,379,519 2033 2034 0.3 S 973,540 5 5,353,059 2034 2035 0.3 $ 3,120,S40 S 6,473,599 203S 2036 0.3 S 1,120,540 $ 7,594.139 2036 2037 0.3 S 1IS4,556 $ 8,748,695 2037 2038 0.3 S 2,189,593 S 9,938,288 2038 2039 0.3 $ 1,225,680 $ 11,163,968 2039 2040 (13 S 1,262,8S1 $ 12,426,619 2040 2041 0.3 S 1,301,136 $ 13,727,9SS 2041 2042 0.3 S 1,340,S70 S 15,068,SZS 2042 2043 0.3 S 1,381.187 $ 16,449,712 2043 2044 0.3 $ 1.423,023 S 17,872,735 2044 204S 0.3 $ 1 113 $ 19 3 849 1 "ll Collection 12) County participates at 75%of tax rate not to exceed $0 30 per $100 3 Build out assumptions provided bythe City $ 19,338,849 Map 1 2020 Amendment (Property to be Added to the Zone) CITY OF BAYTOWN TIRZ NO.1 Fnendswood Oewop"nl I-60ME CREEK ►r4TORIA WALKER EL lid t 6sl nbs EL { � l m I eew �Y MARLEM EL • ' ' it �n Hynt µd a x AL" L 1Abnp Traci NO hitiean Rd ;, LYnth4U?Q Rd g TZ So 1 v r -....-_k LV94 Ad v 2020Annexabon Boundary : Pubitc School Current County Participation Current City Participation Arol.,�ftd F � l:oJ U ❑�trbuie Rd 9 Wlo Layer Sources Ewk HERE. Gwrdn USGS, rnrormap. NICREMENT P. NRCan, Esrl Jam MET. Ew. CAsar (Nona Kmg) Ewl Korea Est (Tlnfard), Nocc. (o) 0genBh@v0Asp owdnbaam mW "GIS usm town* Zola: TEA 2019 HCAD Oct MO Cey o7 arrra+rt Nov 9 Map Source: H14A LLP 121112020 0 0.25 0.5 Miles Map 2 2020 Amendment (Property to be Added to the Zone) —Aerial View 2020Annexation Boundary Pudic School Current County Participation M Shopping Mall current OtyParticipation Road Network Baytown Corp Umd /,v wghway Pz:�. (wmM dSD M San o Mo - CITY OF BAYTOWN' TIRZ NO. 1 Y �1 S 0 W ARGH�R RO m 5 W CCOAR BAYOU LYNCHBURG RD 021r LWOSUM2019 TEA2019 Hc1r — - Mo. Car of 6"10— Na 9 Map Soume "LLP 12 1Ro2o 0 025 0 5 Wes Map 3 2020 Amendment (Property to be Added to the Zone) — Property Classification FIG ORCHARD RD CITY OF BAYTOWN TIRZ NO.1 i 1 GOOSE CREEK MEMak:nF E WALLIS�ILLE Ft0 ' x Z �W.10R1A YWLLOR El Z 41. C1S0 san JadMo Mal HUNT RD AtAA10Ey r = ' r f � $ RD W ARCHER Q, z t�IVno L't J 1Yect so W CFDAR 8AYOU LYNCHBURG RD PropCIsAgg Exempt (2) Current City Parbelpalion O., luyai 2018,1EA2019, KCA00n HALL w Farm and Rench (1) 1 Public School AMPS ofrbr e Apric Land(23) 1Asasowco iquv 1bV10P Commerdel Vacant (1) Single Femiy Residential (3) ® Shopping Mau 2020 Annexation Boundary Road Network 0 025 05"s Current County Participation Highway r ^L ) Map 4 2020 Amendment (Property to be Removed from the Zone) CITY OP SAYTOWN TIRZ NO.1- 2D20 De -Annex of Tracts Wift CheWon Bd" Zone Boundary Beytoem Corp LWM r ` wntEtEu NARRl9 +� COUNTY �� 1 {J\<A u +"Raw 0 CHAMBERS COUNTY vi w �.- 64YOU trxaeimanu 1 It � WBAxCRAat _ toyNn FD 0 O 1S a S Naps My Mt. llnfacto Ij' Map 5 Proposed Harris County Participation FIG ORCHARD RD WALLISVILLE RD BATTLE13ELL RD JONES RD D m CITY OF BAYTOWN j TIRZ NO.1 ff t WOSE CREEK MEMOR1Ad E Wp,1,l.iSV11.LE RD i f wtCTCRlA WALKER EL � - L��EL 1 C,"k C1SD San il Mani HUN1 RD 1 s v W ARCHER RD Q' m1 �1 f ' �rCFpA "RYOU_ LYNCHBURG RD 2M Proposed County Partiapation Pudic School Current County Participation ® Stropping Mall Current Ciy Participation Road Network Baytown Corp Um8 Highway = HARLEM Duna Lnd 2018 TEA 2019. HCAD Od 2020. COY Or avAo m Na, 9 Map Sanoo HHA LLP 12 4r2020 A0 025 05M1ye3 Exhibit B Harris County's Participation in Zone A, Zone C, Zone D and Zone G of TAX INCREMENT REINVESTMENT ZONE NUMBER ONE CITY OF BAYTOWN, TEXAS Description for Zone A Original Zone: 474 acres Of 474 Acres of land lying in the G. C. DAVIS Survey, Abstract No. 1472, W.C.R.R. Co. Survey, Abstract No. 899, and the T. PATCHING Survey, Abstract No. 620, near Baytown, in Harris County, Texas, said 474 Acre tract is more particularly described by metes and bounds as follows: BEGINNING, at the intersection of the South Right -of -Way of Interstate Highway 10 and East Right -of -Way of Garth Road; THENCE Southwesterly, along a cutback corner at the intersection of the East Right -of -Way of said Garth Road and the South Right -of -Way of said Interstate 1lighway 10, a distance of 51 feet to a point for corner; THENCE Southerly, along the East Right -of -Way of said Garth Road, a distance of 11445.5 feet to a point for corner; THENCE Westerly, crossing said Garth Road, continuing along the South Right -of -Way of Riceland Road, and crossing Houston Lighting and Power Company tract, a distance of 1170 feet to a point for corner; THENCE South 09 deg. 58 min. 33 sec. East, along the East line of that certain 106.765 acre tract, a distance of 572.44 feet to a point for corner; THENCE South 00 deg. 38 min. 33 sec. East, along the East line of said 106.765 acre tract, a distance of 472.99 feet to a point for corner; THENCE North 89 deg. 52 min. 34 sec. West, along the North Right -of -Way of Baker Road, a distance of 830.35 feet to a point for corner; THENCE North 00 deg. 07 min. 26 sec. East, along the West line of said 106.765 acre tract, a distance of 568.68 feet to a point for corner; THENCE Northerly, along the West line of said 106.765 acre tract, a distance of 171.08 feet along the arc of a curve to right, said curve having a central angle of 29 deg. 26 min. 44 sec. and a radius of 332.89 feet to a point for corner; THENCE Northerly, along the West line of said 106.765 acre tract, a distance of 171.08 feet along the arc of a curve to left, said curve having a central angle of 29 deg. 26 min. 44 sec. and a radius of 332.89 feet to a point for corner; THENCE North 00 deg. 07 min. 26 sec. East, along the West line of said 106.765 acre tract, a distance of 146.38 feet to a point for corner; THENCE North 89 deg. 52 min. 34 sec. West, along the South line of said 106.765 acre tract, a distance of 620 feet to a point for corner; THENCE South 00 deg. 07 min. 26 sec. West, along the East line of said 106.765 acre tract, a distance of 686.64 feet to a point for corner; THENCE Southerly, along the East line of said 106.765 acre tract, a distance of 80.29 feet along the arc of a curve to left, said curve having a central angle of 23 deg. 00 min. 05 sec. and a radius of 200.00 feet to a point for corner; THENCE South 22 deg. 52 min. 34 sec. East, along the East line of said 106.765 acre tract, a distance of 108.01 feet to a point for corner; THENCE Southerly, along the East line of said 106.765 acre tract, a distance of 80.29 feet along the arc of a curve to right, said curve having a central angle of 23 deg. 00 min. 05 sec. and a radius of 200.00 feet to a point for corner; THENCE South 00 deg. 07 min. 26 sec. West, along the East line of said 106.765 acre tract, a distance of 75 feet to a point for corner; THENCE Southeasterly, along the East line of said 106.765 acre tract, a distance of 39.27 feet along the arc of a curve to left, said curve having a central angle of 90 deg. 00 min. 00 sec. and a radius of 25.00 feet to a point for corner; THENCE North 89 deg. 52 min. 34 sec. West, along the North Right -of -Way of said Baker Road, a distance of 1371.12 feet to a point for corner; THENCE Westerly, along the North Right -of -Way of said Baker Road, a distance of 209.72 feet along the arc of a curve to right, said curve having a central angle of 06 deg. 27 min. 38 sec. and a radius of 1859.86 feet to a point for corner; THENCE North 00 deg. 41 min. 47 sec. West, along the West line of said 106.765 acre tract, a distance of 191.17 feet to a point for corner; TIIENCE South 89 deg. 48 min. 13 sec. West, along the South line of said 106.765 acre tract, a distance of 172.46 feet to a point for corner; THENCE North 00 deg. 41 min. 47 sec. West, along the East Right -of -Way of Busch Road, a distance of 1192.36 feet to a point for corner; THENCE North 74 deg. 14 min. 06 sec. East, along the North line of said 106.765 acre tract, a distance of 2837.61 feet to a point for corner; THENCE South 09 deg. 58 min. 33 sec. East, along the East line of said 106.765 acre tract, a distance of 1092.44 feet to a point for corner; THENCE Easterly, crossing said Houston Lighting and Power Company tract, and continuing along the North Right -of -Way of said Riceland Road, a distance of 1100.40 feet to a point for corner; THENCE Northerly, along the West Right -of -Way of Garth Road, a distance of 8547.5 feet to a point for corner; THENCE Westerly, a distance of 3129 feet to a point for corner; THENCE Northerly, a distance of 1853 to a point for corner; THENCE Westerly, a distance of 359 feet to a point for corner; THENCE Northerly, a distance of 1203 feet to a point for corner; THENCE Easterly, along the South Right -of -Way of said Interstate Highway 10, a distance of 3695 feet to a point for corner; THENCE Northerly, crossing the Right -of -Way of Said Interstate Highway 10, a distance of 304 feet to a point for corner: THENCE Northeasterly, along a cutback at the intersection of the West Right -of -Way of said Garth Road and the North Right -of -Way of said Interstate Highway 10, a distance of 77 feet to a point for corner; THENCE Northerly, along the West Right -of -Way of said Garth Road, a distance of 613 feet to a point for corner; THENCE Westerly, a distance of 661 feet to a point for corner; THENCE Southerly, a distance of 219 feet to a point for corner; THENCE Westerly, a distance of 1059 feet to a point for corner; THENCE Southerly, a distance of 22 feet to a point for corner; THENCE Westerly, a distance of 110 feet to a point for corner; THENCE Northerly, along the East line of LAKE P.U.D., same being the City Limits of Baytown, a distance of 2280 feet to a point for corner; THENCE Easterly, along the North line of EASTPOINT, according to the Map or Plat thereof recorded in Volume 115, Page 337, H.C.M.R., at a distance of 1824 feet pass the West Right -of - Way of said Garth Road, and continuing in all a distance of 1904 feet to a point for corner; THENCE Southerly, along the East Right -of -Way of said Garth Road, a distance of 2954 feet to a point for corner; THENCE Southeasterly, along the cutback corner at the intersection of the East Right -of -Way of said Garth Road and the North Right -of -Way of said Interstate Highway 10, a distance of 71 feet to a point for corner; THENCE Southerly, crossing the said Interstate Highway 10, a distance of 304 feet to the POINT OF BEGINNING, containing within these calls 474 Acres of land. De -annexation: 112 acres Exclusion of San Jacinto Mall Property The area to be de -annexed from the City of Baytown Tax Increment Reinvestment Zone No. 1 is approximately 112 acres in size and is situated at the southwest corner of the intersection of Interstate Ilighway 10 East and Garth Road right-of-way (ROW). With the point of beginning being the southeast corner of 12.4302 acre tract (ABS 899 W. C. RR. CO. JACINTO MALL TR C) and west ROW of Garth Rd.; Then generally west along the south boundary of said 12.4302 acre tract to southwest corner of said tract; Then generally north along the west boundary of said 12.4302 acre tract to coincident southeast corner of 2.5 acre parcel (SAN JACINTO MALL LT D); Then generally west along south boundary of said 2.5 acre parcel, and 14.92 acre parcel (SAN JACINTO MALL LT F) to southwest corner of said parcel; Then generally north along west boundary of said 14.92 acre parcel, and 38.453 acre tract (SAN JACINTO MALL R/P TR I) to northwest corner of said 38.453 acre tract and coincident south boundary of 20.5195 acre tract (1IGHLAND FARMS TR61A-2 BLK 19); Then generally east along north boundary of said 38.453 acre tract, and south boundary of said 20.5195 acre tract, and 3.261 acre tract (HIGHLAND FARMS TR 61 B BLK 19) to southeast corner of said 3.261 acre tract; Then generally north along east boundary of said 3.261 acre tract to northeast corner of said parcel and south ROW of Interstate Hwy 10 East Frontage Road (eastbound) and coincident northwest corner of 0.752 acre parcel (ABS 1472 G. C. DAVIS SAN JACINTO MALL R/P LT K); Then generally east along south ROW of Interstate Ilwy 10 East Frontage Road (eastbound) and north boundary of said 0.752 acre parcel, and SAN JACINTO MALL TRS J, J3, J2, J 1, Lots E and A, and 0.966 acre parcel (ABS 1472 G. C. DAVIS CHILIS RESTAURANT AMEND RESERVE), and 0.9926 acre parcel (SAN JACINTO MALL LT A 1) to north corner of 0.9926 acre parcel (SAN JACINTO MALL LT A 1); Then southeast along north boundary of said 0.9926 acre parcel to northeast corner of said parcel and west ROW of Garth Road; Then generally south along west ROW of Garth Rd, and east boundary of said 0.9926 acre parcel, 1.0414 acre parcel (ABS 1472 G. C. DAVIS JOHNNY CARINOS RESTAURANT AMEND), 0.9904 acre tract (SAN JACINTO MALL R/P TR 1-2), 38.453 acre tract (SAN JACINTO MALL R/P TR I), 9.8 acre tract (SAN JACINTO MALL LT B), 0.9904 acre parcel (ABS 899 W. C. RR. CO. TEXAS ROADHOUSE BAYTOWN LT 1 BLK 1), to southeast corner of 12.4302 acre tract (SAN JACINTO MALL TR C) and point of beginning of 112 acre tract; Description for Zone C 2014 Annexation: 58.693 acres ETHYLENE UNIT 1594: 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 1-1arris 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 1.lighway 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' 2 F 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 12' 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 77' 2 F 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' 3 8 " 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): 3.975-ACRE TRACT OF LAND OUT OF THE WILLIAM BLOODGOOD SURVEY, A-4, HARMS 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 Ilighway 10 (width varies) and the northwest right-of-way of the Southern Pacific Railroad (100 feet wide); THENCE North 50' 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 12' 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 12' 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 77' 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 77' 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. SOUTH ISBL (HU-1891): 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 350 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' 2 F 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 12' 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 77' 2 F 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; 2012 Annexation of Sjolander Road (North of I- 10 to Wallisville Rd): Addition of+/- 8-acre tract The area within the 2012 annexation into the City of Baytown Tax Increment Reinvestment Zone No. 1 is a +/- 8 acre right-of-way easement located along Sjolander Road from Interstate Highway 10 East (westbound) Frontage Road to E. Wallisville Road. With the point of beginning being the northeast corner of the intersection of Interstate l lighway 10 East (westbound) Frontage Road right-of-way and the east ROW of Sjolander Road; Then southwest across the ROW of Sjolander Road to the west ROW of Sjolander Road; Then north by west along the west ROW of Sjolander Road to the north ROW of E. Wallisville Road (at Rabbit Hollow Rd.); Then east by north across the ROW of Sjolander Road to the east ROW of Sjolander Road; Then south by east along the east ROW of Sjolander Road to north Row of Interstate Highway 10 East (westbound) Frontage Road and point of beginning of approx. +/8 acre easement; Description for Zone D: 2014 Annexation: Addition of 45-acre tract along Hunt Road The area within the 2014 annexation into the City of Baytown Tax Increment Reinvestment Zone No. 1 is approximately 45 acres and is located 1,220 feet south of the intersection of John Martin Road and Interstate Highway 10 East (eastbound) Frontage Road Right -of -Way (ROW). With the point of beginning being the northwest corner of 90.6741 acre tract (ABS 899 W.C. RR. CO. HIGIILAND FARMS TR 61E BLK 19) and east ROW of John Martin Rd.; Then generally east along north boundary of said 90.6741 acre tract to northeast corner of said tract and west boundary of City of Baytown TIRZ No. 1; Then generally south along east boundary of said 90.6741 tract and west boundary of City of Baytown TIRZ No. 1 to south easement of drainage channel (trib. to Goose Creek); Then generally west along south easement of drainage channel (trib. to Goose Creek) and City of Baytown TIRZ No. 1 Boundary to east ROW of John Martin Rd. and west boundary of said 90.6741 acre tract; Then generally north along east ROW of John Martin Rd., and west boundary of said 90.6741 acre tract to northwest corner of said tract and point of beginning of approx. 45 acre tract; Description for Zone G: 2020 Annexation: 841.922-acre tract and 89.1-acre tract along Hunt Road previously annexed 2020 Annexation Tract 1 of 3 is +/- 920.4 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 comer 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 2B), 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 PATCI IING TR 2J-3 (Directors Lot A) to northeast corner 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 U/R 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-I 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 comer 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 11A & 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 comer 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 IH-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 131A 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 +/- 920.4 acre annexation tract 1 of 3. Save and Except Tract 1 of 2 is +/- 57.2 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 +/- 57.2 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 3 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 3. Add in portion of CITY OF BAYTOWN TIRZ 1 (051) along Hunt Road for additional Harris County (040) Participation Annexation Tract 3 of 3 is +/- 89.1 acre tract of land situated in City of Baytown, Harris County, Texas and being more particularly described as follows: BEGINNING at intersection of south right-of-way of Hunt Rd and west right-of-way of Garth Rd, and coincident boundary lines of CITY OF BAYTOWN TIRZ 1 (051) and CITY OF BAYTOWN TIRZ 1 (040); Then south by east approx. 512 feet along west right-of-way of Garth Rd to corner of boundary line of CITY OF BAYTOWN TIRZ 1 (051); Then west by south along boundary line of CITY OF BAYTOWN TIRZ 1 (051) to northeast corner of 4.196 acre tract (KSTX BAYTOWN AMEND ROW -ALL STREETS IN T1IIS SUBD (DEDICATED PER PLAT) (NM)), same being east right-of-way of San Jacinto Blvd and boundary line of CITY OF BAYTOWN TIRZ 1 (051); Then generally south along east right-of-way of San Jacinto Blvd and boundary line of CITY OF BAYTOWN TIRZ 1 (051) to northeast corner of 3.895 acre tract (ELENA FRUIT & COTTON FARMS D TR 37B BLK 37); Then west by north along north boundary of said 3.895 acre tract to north corner of said tract, same being boundary line of CITY 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 CITY OF BAYTOWN TIRZ 1 (051) to southwest corner of said 3.895 acre tract; Then west by south across right-of-way of San Jacinto Blvd, same being boundary line of CITY OF BAYTOWN TIRZ 1 (051) to southeast corner of 46.9053 acre tract (ELENA FRUIT & COTTON FARMS D TR 37 BLK 37); 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 north by west along east right-of-way of John Martin Rod to coincident boundary lines of CITY BAYTOWN TIRZ 1 EXP 2 (040) and CITY BAYTOWN TIRZ 1 EXP 2 (051); Then east by north along boundary lines of CITY BAYTOWN TIRZ 1 EXP 2 (040) and CITY BAYTOWN TIRZ 1 EXP 2 (051) to west boundary of 4.8033 acre tract (HIGHLAND FARMS TRS 47B & 48 BLK 19) and coincident boundary lines of CITY OF BAYTOWN TIRZ 1 (051) and CITY OF BAYTOWN TIRZ 1 (040); Then south by east along boundary lines of CITY OF BAYTOWN TIRZ 1 (051) and CITY OF BAYTOWN TIRZ 1 (040), across right-of-way of Hunt Rd to northwest corner of 6.8454 acre tract (HIGHLAND FARMS TR 53B BLK 19); Then east by north along north boundary of said 6.8454 acre tract, same being boundary lines of CITY OF BAYTOWN TIRZ 1 (051) and CITY OF BAYTOWN TIRZ 1 (040), and south right-of-way of Hunt Rd to west right-of-way of Garth Rd, and boundary lines of CITY OF BAYTOWN TIRZ 1 (051) and CITY OF BAYTOWN TIRZ 1 (040) and beginning point of +/- 89.1 acre tract 3 of 3.