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Smith Ranch Road PID: Council hears $6.1M sewer plan and assessment details, next steps reviewed
Summary
Council held the second public hearing on the Smith Ranch Road Public Improvement District, where staff presented a ~$6.1 million project (lift station, force main, sewer lines); developer contribution pledges $1.5M and the city would borrow ~$4.6M with assessments spread across non‑developer acreage.
Pearland city council held a second public hearing on the Smith Ranch Road Public Improvement District (PID) service and assessment plan and reviewed the proposed method to extend sanitary sewer to an 80‑acre area near Hughes Ranch and Smith Ranch roads.
Matt Buchanan of the Pearland Economic Development Corporation explained the draft plan and assessment roll. The estimated cost of lift station, force main and sewer lines is about $6.1 million. The developer (Rockefeller Group) will provide $1.5 million; the city would borrow the remaining $4.6 million through a reimbursement agreement with Pearland Development Corporation. Staff said non‑developer acreage of 61.44 acres yields a projected assessment of roughly $75,545.64 per acre (about $1.73 per square foot). An interest rate of 5.114% was used in the preliminary calculation.
No members of the public spoke during the hearing. Council asked clarifying questions: Mayor Pro Tem confirmed the project includes a lift station (not a wastewater treatment plant), and staff noted the timeline already included a prior petition and the creation of the district earlier in the year.
If council adopts the assessment plan and related ordinance in the required later action, staff said the assessment order will be recorded with the county clerk and the developer will design and construct the improvements under the proposed public‑private arrangement.
Next steps: council will consider the ordinance adopting the service and assessment plan (an assessment ordinance was on the same agenda for consideration). If approved, staff will record the assessment order and proceed with project financing and construction procurement.
