Council authorizes Certificates of Obligation

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By Karolyn Gephart

Pearland City Council met Monday, August 26, 2019 at 6:30 pm at City Hall. 

In new business, the first and only reading of Ordinances 1582 and 1581 concerning the authorization of issuance of City of Pearland Certificates of Obligation, Series 2019A and Series 2019B was presented at Council.

Regarding the Series 2019A, the City’s 2019 Capital Improvement Program requires the issuance of more than $60.2 million in debt financing including Certificates of Obligation for $4.9 million. The authorization passed with a 4-3 vote.

Regarding the Series 2019B, the City’s 2019 Capital Improvement Program requires the issuance of more than $60.2 million in debt financing including TIRZ Reimbursable Certificates of Obligation in the amount of $14.4 million. The motion passed 7-0.

Projects included in this issuance as well as in the one above it were discussed during the 2019 Budget process and approved by City Council via Resolution R2018-173, the adoption of the 2019-2023 Capital Improvement Plan.

A resolution granting the consent to the annexation of approximately 31.269 acres 7.443 acres located at the southeast corner f Magnolia Parkway and FM 1128 and 23.826 acres located west of Old Alvin Road and north of Orange Street) into Harris-Brazoria Counties Municipal Utility District No. 509.

Council considered the second and final reading of Ordinance No. 1580 to abandon a portion of certain right of way (Kincaid Road generally located south of Magnolia Parkway and west of FM 1128).

The second and final reading of Ordinance No. 2000T-30 was put before Council. This ordinance amends selected provisions of the Unified Development Code.

The set of proposed amendments address the following: Reformatting the land uses table, definitions and off-street parking requirements of the Land Use Matrix; New regulations for patio cover setbacks within the rear yards of residential lots; Removal of the parking lot prohibition within the front yard of the Old Townsite District; New regulations for L.E.D lighting on signage and storefronts; and Applicability & Requirements; and Removal of dumpster screening and sidewalk requirements upon expansion of parking pavement and separation of landscape requirements for street trees and parking lot trees based on type of expansion.

For more information, all agenda supporting documents are available at www.pearlandtx.gov.

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