RICHARD G. ANDERSON Call for Pricing€¦ · RICHARD G. ANDERSON Principal - Commercial [email protected] 713.597.4025 AndersonRA.com DEMOGRAPHICS: 1 Mile 3 Mile Population

Pelican Harbour

137.295 Waterfront Acres | Texas City, Texas PROPERTY DETAILS:• +/- 137.295 Acres, 200+ lots, waterfront development opportunity• All USACE & GLO permits have been obtained and are current for

proposed SF development w/ marina• Within perimeter of the Texas City’s 22’ High Hurricane Protection

Levee• Base Flood Elevation (BFE) of proposed lots is +/- 5’ above MSL

allowing for SOG constuction• Reduced flood insurance requirements• Opportunity to be annexed into MUD to mitigate infrastructure

costs• TC Economic Development has indicated they would pay all or a

portion of the cost of a bridge over the storm water channel to facilitate mobility

• Submarket housing comparable $400K• 45 minutes from Houston CBD w/ MSA of 6.5M population• Galveston County Key Map #702V

RICHARD G. ANDERSONPrincipal - [email protected] AndersonRA.com

DEMOGRAPHICS: 1 Mile 3 Mile Population 9,949 35,714 Med. HH Income $64,401 $46,230

This information has been obtained from various sources believed to be reliable. We have not verified the accuracy and make no guarantees, warranties or representations about any due diligence or marketing materials distributed herein. Any collateral, projections, opinions, assumptions or estimates used are for example purposes only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

*

Call for Pricing

Houston

E Beach Dr

WATERFRONT DEVELOPMENT OPPORTUNITY

1 2 7

3

Tract 1 - 69.89 AcTract 2 - 8.33 AcTract 3 - 27.44 AcSection 7 - 31.635 Ac

1

Addendum “B”

EXHIBIT “A”

Legal Descriptions of Tracts

PROPERTYNORTHOFRAINFALLCHANNEL–EASTSIDE

TRACT1:

AtractoflandboundedontheNorthbyMosesLake,alsoreferredtoasDollarBay,boundedon theSouthby36thAvenueNorth,ontheEastby theCityofTexasCity144.7‐acretractallintheT.G.WesternSurvey,GalvestonCounty,Texas,andbeingmoreparticularlydescribedbymetesandboundsasfollows:

BEGINNINGat a1½ inch ironpipe set in theNorth right‐of‐way lineof said36thAvenueNorthsaidpointlyingNorthadistanceof784.30feetandEastadistanceof6150.95feet,fromtheSouthwestcornerofthesaidT.G.WesternSurveyandbeingtheSouthwestcornerofthehereindescribedtract;

THENCENorthalonga lineparalleltotheWest lineoftheT.G.WesternSurvey,adistanceof318.95feettoapointforcornerontheSouthbankofsaidMosesLakeandbeingthemostWesterlyNorthwestcornerofthehereindescribedtract;

THENCEEasterlyalongthemeandersofthetidelineofMosesLakethrupointswiththefollowingcoursesanddistances:

THENCENorth28deg.55min.27sec.East,adistanceof187.71feet;


THENCENorth40deg.27min.34sec.West,adistanceof147.22feet;






THENCESouth37deg.15min.29sec.East,adistanceof60.94feet;






2








THENCESouth35deg.07min.34sec.East,adistanceof181.99feettoaset1½inchironpipe,saidpointbeingtheNortheastcornerofthehereindescribedtract;

THENCESouthalongalineparallelwiththeWestlineoftheT.G.WesternSurvey,adistanceof1620.39feettoaset1½inchironpipeintheNorthright‐of‐waylineofsaid36thAvenueNorth,saidpointbeingtheSoutheastcornerofthehereindescribedtract;

THENCEWestalongtheNorthright‐of‐way lineof36thAvenueNorthandparallelwiththeSouthlineofthesaidT.G.WesternSurvey,adistanceof1780.00feettothePLACEOFBEGINNINGandcontaining69.89acresofland,moreorless.

PROPERTYNORTHOFRAINFALLCHANNEL–SOUTHEASTCORNER

TRACT2:

An8.330‐acretractoflandoutoftheThomasG.WesternSurvey(A‐205)inGalvestonCounty,Texas.

AndbeingoutofthatcertaintractoflandconveyedtotheCityofTexasCityunderVolume765,Page12,GalvestonCountyDeedRecords,beingmorefullydescribedbymetesandboundsasfollows:

BEGINNINGata½"ironrodfoundfortheSouthwestcornerofsaidCityofTexasCityTract,samebeingapointontheNorthrightofwaylineof36thAvenueNorthandtheSoutheast corner of a tract of land conveyed to Byron Davis from Terra FirmaHoldingsInc.underFilmCode010‐50‐0014,GalvestonCountyDeedRecords;

THENCENorthalongtheWestlineofsaidCityofTexasCitytract,samebeingtheEastlineofsaidDavistract,adistanceof1567.21feettoapointonthewetlandslimitofMosesLake;

THENCEalongandwiththemeandersofthewetlandslimitofMosesLakethroughthefollowingcourses:

1)South25deg.20min.53sec.East, 28.51feettoananglepoint;


3)South02deg.45min.58sec.West, 59.97feettoananglepoint;


3



























31)South87deg.34min.10sec.East, 68.92feettoa5/8"ironrodsetforcorner;

THENCESouth,adistanceof141.83feettoa5/8"ironrodsetontheNorthrightofwaylineof36thAvenueNorth;

THENCEWest,adistanceof648.08feettothePLACEOFBEGINNINGandcontaining8.330 acresofland,moreorless.

4

PROPERTYNORTHOFRAINFALLCHANNEL–WESTSIDE

TRACT3:

AtractoflandboundedontheNorthbyMosesLake,alsoreferredtoasDollarBayand bounded on the South by 36th Avenue North, in the T. G. Western Survey,GalvestonCounty,Texas,andbeingmoreparticularlydescribedbymetesandboundsasfollows:

BEGINNINGat a1½ inch ironpipe set in theNorth right‐of‐way lineof said36thAvenueNorthsaidpointlyingNorthadistanceof784.30feetandEastadistanceofcalled3181.04feet,found5199.98feet,fromtheSouthwestcornerofthesaidT.G.WesternSurveyandbeingtheSouthwestcornerofthehereindescribedtract;

THENCENorthalonga lineparalleltotheWest lineoftheT.G.WesternSurvey,adistanceof58.56feettoaset1½inchironpipeontheSouthbankofsaidMosesLakeandbeingthemostWesterlyNorthwestcornerofthehereindescribedtract;

THENCEEasterlyalongthemeandersofthetidelineofMosesLakethrupointswiththefollowingcoursesanddistances:

THENCEEastadistanceof40.95feet;












THENCENorth28deg. 55min. 27 sec. East, a distance of 13.0 feet to a point forcorner;

THENCESouthalongalineparallelwiththeWestlineoftheT.G.WesternSurvey,adistanceof318.65feettoaset1½inchironpipeintheNorthright‐of‐waylineofsaid36thAvenueNorth,saidpointbeingtheSoutheastcornerofthehereindescribedtract;

THENCEWestalongtheNorthright‐of‐way lineof36thAvenueNorthandparallelwiththeSouthlineofthesaidT.G.WesternSurvey,adistanceof2951.03feettothePLACEOFBEGINNINGandcontaining27.44acresofland,moreorless.

5

PROPERTYSOUTHOFRAINFALLCHANNEL–EASTOF6THSTREETNORTH

SECTION7:

AtractoflandoutoftheT.G.WesternSurvey,GalvestonCounty,Texas,boundedontheSouthbytheSouthlineoftheT.G.WesternSurvey,boundedontheWestbytheEastright‐of‐waylineof6thStreetandboundedontheEastbytheWestright‐of‐waylineofBayStreet, andbeingmoreparticularlydescribedbymetesandboundsasfollows:

BEGINNINGata1½inchironpipesetattheintersectionoftheSouthlineoftheT.G.WesternSurveyandtheEastright‐of‐waylineof6thStreet,saidpointlyingEast,adistanceof7946.90feetfromtheSouthwestcornerofsaidT.G.WesternSurvey,andbeingtheSouthwestcornerofthehereindescribedtract;

THENCENorth00deg.25min.West,alongtheEastright‐of‐waylineof6thStreet,adistanceof492.16feettoaset1½inchironpipemarkingtheNorthwestcornerofthehereindescribedtract;

THENCEEastalongalineparalleltotheSouthlineoftheT.G.WesternSurvey,samebeingtheNorthlineofaneasementtotheCityofTexasCityofrecordinVolume3215,Page 722 in the County Clerk’s Office of Galveston County, Texas, a distance of2800.00feettoa1½inchironpipesetintheWestright‐of‐waylineofBayStreetandbeingtheNortheastcornerofthehereindescribedtract;

THENCESouth00deg.25min.East,alongtheWestright‐of‐waylineofBayStreet,adistanceof492.16feettoa1½inchironpipesetintheSouthlineoftheT.G.WesternSurveyandbeingtheSoutheastcornerofthehereindescribedtract;

THENCEWestalongtheSouthlineoftheT.G.WesternSurvey,adistanceof2800.00feettothePLACEOFBEGINNINGandcontaining31.635acresofland,moreorless.

(TAR 1414) 01-01-14 Page 1 of 3

INFORMATION ABOUT SPECIAL FLOOD HAZARD AREAS USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

©Texas Association of REALTORS®, Inc., 2014

CONCERNING THE PROPERTY AT A. FLOOD AREAS:

(1) The Federal Emergency Management Agency (FEMA) designates areas that have a high risk of flooding as special flood hazard areas.

(2) A property that is in a special flood hazard area lies in a “V-Zone” or “A-Zone” as noted on flood insurance rate maps. Both V-Zone and A-Zone areas are areas with high risk of flooding.

(3) Some properties may also lie in the “floodway” which is the channel of a river or other watercourse and

the adjacent land areas that must be reserved in order to discharge a flood under FEMA rules. Communities must regulate development in these floodways.

B. AVAILABILITY OF FLOOD INSURANCE:

(1) Generally, flood insurance is available regardless of whether the property is located in or out of a special flood hazard area. Contact your insurance agent to determine if any limitations or restrictions apply to the property in which you are interested.

(2) FEMA encourages every property owner to purchase flood insurance regardless of whether the property is in a high, moderate, or low risk flood area.

(3) A homeowner may obtain flood insurance coverage (up to certain limits) through the National Flood Insurance Program. Supplemental coverage is available through private insurance carriers.

(4) A mortgage lender making a federally related mortgage will require the borrower to maintain flood insurance if the property is in a special flood hazard area.

C. GROUND FLOOR REQUIREMENTS:

(1) Many homes in special flood hazard areas are built-up or are elevated. In elevated homes the ground floor typically lies below the base flood elevation and the first floor is elevated on piers, columns, posts, or piles. The base flood elevation is the highest level at which a flood is likely to occur as shown on flood insurance rate maps.

(2) Federal, state, county, and city regulations: (a) restrict the use and construction of any ground floor enclosures in elevated homes that are in

special flood hazard areas. (b) may prohibit or restrict the remodeling, rebuilding, and redevelopment of property and

improvements in the floodway.

(3) The first floor of all homes must now be built above the base flood elevation.

(a) Older homes may have been built in compliance with applicable regulations at the time of construction and may have first floors that lie below the base flood elevation, but flood insurance rates for such homes may be significant.

Pelican Harbour, Texas City, Texas

HOUSTON ASSOCIATION OF REALTORS® 123 Main St Houston, TX 77150 Richard Anderson

Information about Special Flood Hazard Areas concerning

(TAR 1414) 01-01-14 Page 2 of 3

(b) It is possible that modifications were made to a ground floor enclosure after a home was first built. The modifications may or may not comply with applicable regulations and may or may not affect flood insurance rates.

(c) It is important for a buyer to determine if the first floor of a home is elevated at or above the base flood elevation. It is also important for a buyer to determine if the property lies in a floodway.

(4) Ground floor enclosures that lie below the base flood elevation may be used only for: (i) parking; (ii) storage; and (iii) building access. Plumbing, mechanical, or electrical items in ground floor enclosures that lie below the base flood elevation may be prohibited or restricted and may not be eligible for flood insurance coverage. Additionally:

(a) in A-Zones, the ground floor enclosures below the base flood elevation must have flow-through vents or openings that permit the automatic entry and exit of floodwaters:

(b) in V-Zones, the ground floor enclosures must have break-away walls, screening, or lattice walls; and

(c) in floodways, the remodeling or reconstruction of any improvements may be prohibited or otherwise

restricted.

D. COMPLIANCE:

(1) The above-referenced property may or may not comply with regulations affecting ground floor enclosures below the base flood elevation.

(2) A property owner’s eligibility to purchase or maintain flood insurance, as well as the cost of the flood insurance, is dependent on whether the property complies with the regulations affecting ground floor enclosures.

(3) A purchaser or property owner may be required to remove or modify a ground floor enclosure that is not in compliance with city or county building requirements or is not entitled to an exemption from such requirements.

(4) A flood insurance policy maintained by the current property owner does not mean that the property is in compliance with the regulations affecting ground floor enclosures or that the buyer will be able to continue to maintain flood insurance at the same rate.

(5) Insurance carriers calculate the cost of flood insurance using a rate that is based on the elevation of the lowest floor.

(a) If the ground floor lies below the base flood elevation and does not meet federal, state, county, and city requirements, the ground floor will be the lowest floor for the purpose of computing the rate.

(b) If the property is in compliance, the first elevated floor will be the lowest floor and the insurance rate will be significantly less than the rate for a property that is not in compliance.

(c) If the property lies in a V-Zone the flood insurance rate will be impacted if a ground floor enclosure below the base flood elevation exceeds 299 square feet (even if constructed with break-away walls).



Information about Special Flood Hazard Areas concerning

(TAR 1414) 01-01-14 Page 3 of 3

E. ELEVATION CERTIFICATE:

The elevation certificate is an important tool in determining flood insurance rates. It is used to provide elevation information that is necessary to ensure compliance with floodplain management laws. To determine the proper insurance premium rate, insurers rely on an elevation certificate to certify building elevations at an acceptable level above flood map levels. If available in your area, it is recommended that you obtain an elevation certificate for the property as soon as possible to accurately determine future flood insurance rates.

You are encouraged to: (1) inspect the property for all purposes, including compliance with any ground floor enclosure requirement; (2) review the flood insurance policy (costs and coverage) with your insurance agent; and (3) contact the building permitting authority if you have any questions about building requirements or compliance issues. Receipt acknowledged by: Signature Date Signature Date



12-05-11

TREC No. 33-2

NOTICE REGARDING COASTAL AREA PROPERTY 1. The real property described in and subject to this contract adjoins and shares a common

boundary with the tidally influenced submerged lands of the state. The boundary is subject to change and can be determined accurately only by a survey on the ground made by a licensed state land surveyor in accordance with the original grant from the sovereign. The owner of the property described in this contract may gain or lose portions of the tract because of changes in the boundary.

2. The seller, transferor, or grantor has no knowledge of any prior fill as it relates to the property

described in and subject to this contract except: .

3. State law prohibits the use, encumbrance, construction, or placing of any structure in, on, or over state-owned submerged lands below the applicable tide line, without proper permission.

4. The purchaser or grantee is hereby advised to seek the advice of an attorney or other

qualified person as to the legal nature and effect of the facts set forth in this notice on the property described in and subject to this contract. Information regarding the location of the applicable tide line as to the property described in and subject to this contract may be obtained from the surveying division of the General Land Office in Austin.

EQUAL HOUSING OPPORTUNITY

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)

ADDENDUM FOR COASTAL AREA PROPERTY

(SECTION 33.135, TEXAS NATURAL RESOURCES CODE)

TO CONTRACT CONCERNING THE PROPERTY AT

This form has been approved by the Texas Real Estate Commission for use with similarly approved or promulgated contract forms. Such approval relates to this form only. TREC forms are intended for use only by trained real estate licensees. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not suitable for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 512-936-3000 (http://www.trec.texas.gov) TREC No. 33-2 This form replaces TREC No. 33-1.

Buyer Seller

Buyer Seller

(Address of Property)

TAR 1915



Anderson Realty Advisors, LLC 9003623 [email protected] (713)335-9580

Melaine Anderson 401555 [email protected] (713)352-1175

Melaine Anderson 401555 [email protected] (713)352-1175

Richard G. Anderson 612544 [email protected] (713)597-4025

Anderson Realty Advisors, LLC, 1616 S. Voss Rd #420 Houston, TX 77057 (713)335-9580 (866)897-0795Richard Anderson

Grand Beach

Documents

RICHARD G. ANDERSON Call for Pricing€¦ · RICHARD G. ANDERSON Principal - Commercial [email protected] 713.597.4025 AndersonRA.com DEMOGRAPHICS: 1 Mile 3 Mile Population