January 22, 2016
HOUSTON COMMUNITY COLLEGE
MISSOURI CITY CAMPUS RELOCATION
Prepared by: Office of the Chancellor
Houston Community College
3100 Main St., Houston TX 77002
HOUSTONCOMMUNITYCOLLEGE
MISSOURICITYCAMPUSRELOCATION
TABLEOFCONTENTS
SECTIONA: FinancialComparison...............................................................................1
1. CashTransaction.................................................................................1
2. BookTransaction................................................................................2
3. EconomicTransaction........................................................................3 SECTIONB: TRANSACTIONHISTORY............................................................................4
TB-04:MissouriCityReloction
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SECTIONA:FinancialComparison
1. CashTransaction
.
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2. BookTransaction
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3. EconomicTransaction
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SECTIONB:TRANSACTIONHISTORY
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BOT–BoardofTrustees
ROFO–Rightoffirstopportunity
WAB–WeeklyAdministrativeBrief
2002-11-04 HCCclosedonSiennaPlantation30acrepurchasecontaininga“RightofFirst
Opportunity”(ROFO)fortheseller,JohnsonDevelopment.
2004-03-12 HCCclosesonadditional19.325acresadjacenttothe30acres.Thispurchasealso
containsaROFO.
2006-05-02 HCCconveysapproximately4.5acrestoFortBendCountyforajointuselibrary.
2014-08-14 AdministrationpresentedconceptofrelocationofMissouriCityCampustoBOTduring
closedsession.
2014-09-18 Item2:BoardauthorizesChancellortoenterdiscussionsontheconceptofrelocatingthe
MissouriCity(SiennaPlantation)Campus.
2015-01-22 Item3:BoardapprovedthepurchaseofrealestateonTexasParkwaycontingentonanet
zerocashoutlaybyHCC.Basedonlegalconsiderationfromprocurementspecialcounsel,
boardcounsel,andgeneralcounsel,BOTisadvisedthatthetransactionmeetsthe
requirementsofArticleIII,Section52oftheTexasConstitution.
2015-01-29 WABadvisestrusteesofavailabilityofappraisalsfortheunimprovedSiennaPlantation
parcelandtheproposedTexasParkwaysite.
2015-02-03 FortBendCountyCommissionersCourtauthorizednegotiationstoacquiretheHCC
MissouriCity-SiennaPlantationproperty.
2015-02-06 WABreportsarticlefromCommunityImpactregardingfuturedevelopmentstobolster
MissouriCityeconomy.
2015-02-13 ItemA:Agendaitemrequestingremovalofcontingencyonrealestateacquisition
approvedon01-22-2015pulledbyAdministration.Thiswasrequestedinordertoavoid
delayfromtheGeorgeFoundationgrantapprovaltofundprojectgap.Basedonlegal
considerationfromprocurementspecialcounsel,boardcounsel,andgeneralcounsel,BOT
isadvisedthatthetransactionmeetstherequirementsofArticleIII,Section52ofthe
TexasConstitution.
ItemB:Boarddeclaredapproximately33acresofundevelopedpropertyattheexisting
MissouriCityCampusassurplus,andapprovesthenegotiationofthesaleofthe11.75
acresofimprovedpropertywithFortBendCounty.Basedonlegalconsiderationfrom
procurementspecialcounsel,boardcounsel,andgeneralcounsel,BOTisadvisedthatthe
transactionmeetstherequirementsofArticleIII,Section52oftheTexasConstitutionand
TexasGovernmentCodeSection272.001.
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2015-02-16 MissouriCityCityCounciladoptsresolutionsupportingtherelocationofHCCformSienna
PlantationtoTexasParkway.
2015-02-19 Item3:Agendaitemrequestingremovalofcontingencyonrealestateacquisition
approvedon01-22-2015pulledbyBoardChair.Thiswasrequestedinordertoavoid
delayfromtheGeorgeFoundationgrantapprovaltofundprojectgap.
2015-02-25 ItemA:BoardremovesthecontingenciesfromtheJanuary22,2015authorizationbutthe
statesthat“theadministrationwilladheretoitscommitmentof…zeronetcashoutlayby
HCCS..”
2015-06-23 GeorgeFoundationapprovesgranttofundanycashbasisgap,upto$1,267,762.
2015-03-06 WABreportsthatexpansionofpartnershipwithFortBendISDcontinuestobedeveloped
andthatbothCityandCountyofficialscontinuetostronglysupporttheproject.
2015-03-12 WABreportsthatclosingonTexasParkwaypurchaseisexpectedonMarch13,2015.
2015-03-27 WABreportsthatthepurchaseoftheTexasParkwaypropertyclosedonMarch13,2015
andfundsdisbursedtotheselleronMarch17,2015.
2015-04-23 WABreportstheamountofHCC’sTaxIncrementParticipationcontributiontoTIRZ
Number3.
2015-05-29 WABreportsthattheseriesoftransactionsneededforsaleoftheSiennaPlantation
propertywereoutlinedtotherepresentativesfromthecityofMissouriCity,FortBend
CountyandtheGeorgeFoundation.
2015-08-19 FortBendCountyCommissionCourtapprovesthefacilitiescallsforBondreferendum
whichwouldprovidefunding:“…includethelibrary.
2015-11-03 FortBendCountyBondreferendumpassesbyvoters.
2015-11-12 BOTisadvisedthattheFortBendCountybondreferendumcontainingfundingforthe
county’spurchaseoftheSiennaPlantationfacilityandtheexpansionofthelibraryatthe
TexasParkwaylocationwasapprovedbythevoters.
2015-12-04 WABreportsthatJohnsonDevelopmentwasnotifiedonDecember2,2015ofthe
commencementofthe30-dayopportunitytoexercisetheROFOrelatedtothe33.07
unimprovedacres.
WABreportsthatHCCisfinalizinganinvitationforinterestedpartiestobidonthe33.07
acres.ThisisincompliancewithstatestatuteandfurtherrelevantifJohnsondeclinesto
exerciseitsROFO.
2015-12-07 HCCpublishesnotieofandissuesinvitationforbidson33.07acresofunimprovedlandat
theSiennaPlanationlocation.
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2015-12-08 FortBendCountyCommissionersCourtapprovespurchaseof11.75acresatSienna
PlantationincludingthebuildingandimprovementsfromHCCfortheappraisedamount
of$8MM.
2015-12-10 BOTapprovedthesaleoftheSiennaPlantationfacilitytoFortBendCounty.
2015-12-13 HCCpublishessecondnoticeofinvitationforbidson33.07unimprovedacresatthe
SiennaPlanationlocation.
2016-01-04 Sienna/JohnsonNorthLLP(JohnsonDevelopment)notifiesHCCofitsROFOacceptance.
Thenoticeiswithintheprescribedtimelimit.
2016-01-05 Bidsduedateforunimprovedproperty.Nobidswerereceived.
2016-01-22 Boardapprovedthesaleofapproximately33acretractofunimprovedpropertlylocated
inMissouriCitytoJohnsonDevelopmentCorporation.
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