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Pearland details $6.1 million sanitary sewer PID for Smith Ranch Road; property owners and developer express support
Summary
City staff presented a proposed Public Improvement District to extend sanitary sewer to the Smith Ranch Road area with an estimated $6.1 million cost; developer to contribute $1.5 million up front and PEDC to fund remainder with future assessment reimbursements; several nearby property owners endorsed the PID at the public hearing.
City staff presented a public hearing and the first consideration of a service and assessment plan to create a Public Improvement District (PID) to extend sanitary sewer to the Smith Ranch Road area.
Staff said a study identified the most cost-effective option: pump flows via a lift station to Kirby Drive, cross under Highway 288 and convey to Reflection Bay wastewater treatment plant. The total estimated cost is about $6,100,000. Under the proposed financing, the developer will contribute $1,500,000 up front and will be required to extend water and construct two lanes at Smith Ranch Road as part of development obligations. The Pearland Economic Development Corporation (PEDC) would fund roughly $4.6 million of the remaining cost, with the city reimbursing PEDC as assessments are collected.
Staff noted the interest rate for assessments will be set by an index reported the month before approval; as of September the referenced interest index was 5.14%. Based on non-developer acreage listed (61.44 acres), staff projected an assessment of $75,545.64 per acre (about 1.73 cents per square foot). Staff also said they will refine the service and assessment plan and return for final hearings on Oct. 27 and later final levy consideration.
At the public hearing several local property owners and developer representatives spoke in favor. Richard Acheson, who identified himself as a large property owner, said the PID is necessary for him to market and sell property. Nick Modemedi said petition signatures indicate 80.35% acreage support. Tim Wooten of the Rockefeller Group confirmed the developer contribution and clarified that certain water and road improvements would be limited to his site under the development agreement.
Staff said they will take public input, revise the plan as necessary, and return to council for the ordinance readings and final consideration at the scheduled future meetings.
