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2016 TIRZ No. 1 Annual ReportTown of Prosper, Texas Tax Increment Reinvestment Zone #1 10 IT4 WN OF SPER Town of Prosper, Texas Tax Increment Reinvestment Zone #1 (TIRZ #1) ANNUAL REPORT 2016 Prosper TIRZ # 1 Annual Report 2016 -1- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 INDEX 1) Cover 2) Index 3) Year End Summary of Meetings/Town Council/Board Actions 4) Public Infrastructure/Building Projects 5) Capital Improvement Plan Budget 6) Budget vs. Expenditures 7) TIRZ Fund 8) Annual Report Prosper TIRZ #1 Annual Report 2016 -2- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 YEAR END SUMMARY OF MEETINGS/TOWN COUNCIL/BOARD ACTIONS In December 2015, the Town of Prosper Town Council appointed members for the first Tax Increment Reinvestment Zone #1 (TIRZ #1) Board of Directors. In the latter part of 2015 Blue Star Land commenced construction on its Gates of Prosper development at the northeast corner of US 380 and Preston Road with the installation of a large sanitary sewer line from the west, thus marking the first improvements made to the TIRZ #1 site. The first annual TIRZ Board of Directors meeting was held on January 26, 2016. During this reporting period, installation of needed infrastructure continues and the first buildings began construction on the property. On June 21, 2016, Wal-Mart started construction of its facility, followed by the Wal-Mart Fuel Center on July 14, 2016. Additional construction of the sanitary sewer line and completing the design of Richland Boulevard from Preston Road to Lovers Lane and Lovers Lane from US 380 to Preston Road mark the major infrastructure projects. The next annual TIRZ Board of Directors meeting is scheduled to be held on March 28, 2017. The Annual Report will be presented at this meeting to be considered and possibly approved by the Board. Board members appointed and currently serving are: Town —Mayor Ray Smith, Mayor Pro-Tem Curry Vogelsang, Jr., Deputy Mayor Pro-Tem Jason Dixon, and Councilmembers Michael Korbuly, Kenneth Dugger, Meigs Miller, and Mike Davis. Collin County — County Commissioner Susan Fletcher. Prosper Economic Development Corporation — Board Member David Bristol. Prosper TIRZ # 1 Annual Report 2016 -3- � c A. LU F" a WLU dT c U � — o 3NVIl S33AO`I At �. tLu4� oCLLL �IGo �. 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U) O w a. �UL s ° i Ti w ., h x d xa . n 4 ,M rJ� 4 4� W a P, G o 40 C V W �I A N o C4 cv +' H o a � '•L L `O o t YI 1 7 1 K I 001, V.4 f,4 en I-j Im 0 ri . , I ........ f. —j IL Li � N F-, O a � �RA �o F" O s~ � ' = °as Cf�tt o - - ❑ J L 10 CD PLO C4 d w �- •--,. Q LU a. - cn �a U w s I' V �/ n 2i ti h War u E-r O yy p, m — :• ,_. 14r1=�_ j a LL „ E `l Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 PUBLIC INFRASTRUCTURE/BUILDING PROJECTS ROADWAYS section emtft I an I Olwrlty 1Jnit I cow W loa! Toed_ pit -%Se Seran A CIP RwCw 44 am ReM 1.030 if L 5<<5 Oil I S746,7SO 00 to sectooB CIPROWNay 4-LaneFtcM 1,650 LF ST2500 $1 00 to Secbw C CIP Roadway 4-1-ane Rcad 2.130 LF 572500 S1 5".Z50 00 1A :eapn D CIP Rotr=y 4-Lane Rcad 1,290 LF $725 00 $935,--0 OD 15 5eCaM E CIP Road" 4-Lam Rcad 1.9W LF $7_S 00 51 442.7sp 00 1$ Sect= F CIP Roadway 4-Lane Road 1,480 LF L 5725 00 1 $1 073.DD0 00 1B Secwn G T1RZ egbie Public Roadway 4-Lane RCad 1.679 LF $71Z5.00 I S1 210.7!0 00 2A secapn H Ddv0ow Roadway 4L3ne Read 460 LF S725-00 $333,50D.OD 2A Seebw I JTIRZ E kQAAe RtMc Roadway 4-Lene P" 2.020 LF S71-5.00 $1.464 SM.00 2A 5eeton 1 I C*,0* er Rwdvay 34,aft Road 694 LF S4'5 00 S'93-50 00 : A tiecWnK nRZ Ebg,w PubicRoadwa 3-1-anePADW 2.SM LF $42500 $10%.S000o 2A Secaan L nRZ Etg-bae Public Ro 3-Lane Road 1.110 LF S425 00 S471,7$0 00 2A C_qr M TIRZ Ekg ble PuMc Ro Smay 2-Lane Rcad 1.040 LF S340.00 S353,6W 00 28 sectco H T1RZ Eig rile Public Roadway 2-Lane Road 1.350 LF 53.0 00 S357p00 00 20 Sew O CIP Roadway 44-w* Road 90D LF ST25.00 $d523M OO _B secxo P CIP Ro&mvay 44-ane Rand 470 LF 5725 00 $340.750 00 2B 5ecbw Q CIP.Roadway 4-Lmie Read 2.050 LF S7225 00 $1 486,250 00 3A $ecaon R I TIRZ BigVe Public Roa ray --Lane Road 1.690 LF $340 00 $574,6GO C4 38 Setbw S TIRZ Ehvb1e Public Roauay 2-Lane Rood 1 1,760 1 LF 1 S340 00 1 5543.400 OD 38 Secbm T TIRZ Ekgble PO Ac ROdCway 4-Lane Read I M-0 I LF $7:5.00 5271 A0D OD 38 Semn U CIP Rowa-ay 4-Lane Road j 990 1 L.F 57_5 00 $717.750 DO 3B Seo" : CIP Ro"May 44-" Road 874 LF $725.00 563C,750 OD 30 Se-W W CIP Roadway 4-Lane Read 1.190 LF S7: 5 00 $862,750 01) 2B 5etLan :i CIP R oadwjq 4-Lane Road 2.650 LF S725 00 $1 921 250 00 4A Sector+ f CIP Roadwzi 4-Lane Read 82U LF $725 00 S594,5D0 OD 4A SecDon Z CIP Roa0Vny 44-ane Road 2.600 LF 5725 00 S 1 SaS.000 00 4A Secaon AA CIP Rotldwa 3-Lane Road 1,2105 LF $425 00 S5 Q,125 00 is 5uwstnct01B Oe,ftWRoadways 2-Lane Road 5.100 LF S350.00 $17a5.D00.00 1B SuUdimd D1A Ofe!oper Roadways 2-Lane Brad t 3,650 LF 3350 00 54.777.500 00 1 A Subdistrict 02 Developer Roadways 24-aroe Read 1 30.92$ LF S350.00 S10 d23.750 00 2A 5u1adcGtnct 03 Developer Roadways ^_-Lane Road 7 MOM LF S350 00 53 500.D00.00 3B $UWFF Ano 04 j Developer Roadways City Std 31' B-8 Roadway 9,565 LF S450 00 $4.YM,250 00 3A CIP Roadway LENGTH= 23,315 SUBTOTAL- $16,541,875 00 TIRZ Eligible Public Roadway LENGTH= 13,280 SUBTOTAL- S6,388.100 00 Developer Roadway LENGTH- 70,390 SUBTOTAL- S25,817,250.00 TOTAL ROADWAY: LENGTH- 106,985 SUBTOTAL- $48.747.225.00 Prosper TIRZ # 1 Annual Report 2016 -15- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 ADDITIONAL ROADWAY ITEMS Sodkm Imo � Unit Cost jper Ueit Told C., I Phaee Pr,tston Read CIP Wiwul fJperling MW Turn L3 Z 1 S175 000 CC 1 5356 300 ,h t- Pr'dston Read Deveoope' tMCon Qpenuig any Tum L I 1 LS I S 1 T5 000 fi0 j S175,0W 00 IL Mulapre Locations CIP Traffic Fog Des and Carlst 5 j LS I S235.000 DOI S2,115 OCO 00 ALL Mul5" Locabom TIRZ EApdxe Puhlrc Traffic Sic Des Artd cons[ 2 LS S235 000 00 S470.000 00 ALL FUCntard Btvd CIP Tr,-Ar Rwroabmt I LS 52W DOO W S250.000 00 1B Lmerj Larne CIP RR Crpt Wg Bndge I LS S5 WD.OW 90 S5_S00.000.00 4A RIF Llest.opc rFWc wow Anslyst< mA. I LS WOOD St:ij.00000 IA C1P morns• S6 215.Ca 00 TIA? Eheib a Pr trrc Items- 3470.000 OD Ceve"er Terns- 5235,000OD SUBTOTAL= W920.000.00 TOTAL= S57.667,225.00 WASTEWATER Lhw Defkrfrrreiw Mr1w Qrtw"Ity Unit Ca1111tpralrElMt Told cart ftm L:r.&;� A and C CIP ProjeC Trunk tfa r j i LS 155 21-3.00C X S5 210 007 CO IA Lime C-t CIP Project 10" SSWR J 3.050 1 LF $55 CC S1t;7 75D 0D tB LmeC-2 CIP Project IT SSWR 5,820 LF S5500 532D1DD00 1B Une D Ce rlvper Prord 8" SSWR 1.660 LF S45 00 574.7W D0 36 Une E Cevdoper Protect 8" SSWR 1,460 LF S45 00 $65 70D 00 313 un! F Cc-- ref Prot 8" SSWR 1,520 LF S45 00 W 400 OD 3B Line G Develom Project 8" SSWR 1.110 LF 545 00 548,950 DD to Subdistrict BIB Developer Project 8" 5$,AR 4,080 LF S45 00 St83.6W.00 1S SUM strict 01A Demoper t 8" SSWR 19 920 LF 545 CO S491 ADO DD IA Subdiatrict 02 DevpfCOer L>nt F 5!;Ih*R 24.740 LF S45 00 S1 113.3DO 00 2A Subd strict 03 J. Developer Promt 8" SSWR 8,000 LF 34; 00 $360.000 OD 3B Subdistrict 04 oe><eww Prwcl 8" SSWR 7,652 LF $45 CO S344 340 00 3A -jl CereloAff Project Master Utility Plan 1 LS $150,000 00 Sl%DW OD 1A CIP Wastewater TIRZ Eligible Public Wastewater Developer Wastewater TOTAL WASTEWATER: TOTAL= $5 697,850 00 TOTAL- TOTAL- $2901,390.00 TOTAL- $8.599,240.00 Prosper TIRZ # I Annual Report 2016 -16- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 WATER Secom Dneiri m tMM sty unit Cast pet Ltnh iota) Cast Phase Lr, P _ 500 2 91,SO00 ELa CIP Line 2 F 16" Waterkne 5,280 LF S190 00 $t 003 _W 00 CIP Luce 3a P 16' Waterline I.SW LF 5190.00 S353 400 00 38 CIP Lme 3b C P 1 12- ,Vatei'ute 1.050 LF Mo 00 5105.000 00 3B SeCtIon -1 1I5U Ebgd:iLe Public Pmlecl 12' Waterine 99O LP $100 00 599,000 X to Set Mn B ITIRZ PuMc Pmje4 Q' Waterlme 1.510 LF 5100 00 5151•DOO DD to Section C rlRZ Putt 12' Waled.re 2,180 LF 510000 S2 I B. C'LO 00 fA Semllpn A[TIRZ EhgIUe Put*c ProM4 t _' Waterti ie 1.1140 LF St00 OC 5124 MO DO to SeCmon IRZ Punic Pmted 12" Watertire I.Wa LF 5170 30 S 19 LDW O0 16 SecaonF R2 EkqM Nt*c PmK4 12'Watert4ne 1 1.480 IF I $10000 St48,00000 1B SectwtriG TIFt E1.6t PutAc t2'W'aterme 1,650 LF S10000 S16.5.00000 24 Sectton H C'­.elooer Protect 12' Wate+Nne 460 LF St00 00 546. MO CMG ; A Se"on 1 EFL En "-_ Pubic 1.' `Naterttne I ,,w I LF 51,30 7C 52C4•CC0 Chi 2A Sect t> 1E JTSRZ Ebgdft Pubic PMmd 12' Waterirte 1 7 t0 LF S100 0D S t 71 va Chi ZA Section L r1RZZ El- b Public P Q Watertm 1,050 LF 5100 00 5105 0C4 00 _'A 5ecuariV IR? EkgtW PUt*C PiotedIZ"WatetFrte 1 1,040 1 LF I S10000 I S104.00000 2B Section p IRZ Public Pml 12" 'h'aterl rF 900 1 IF 1 5110 00 I 5'_O. Ca Co M Section P IR2 EhWe Pubic R. 12" 'N'aterim 470 J IF I S100 DD I S47.OM 00 1 25 Section Q JTIFU ESgile Punic Petite tZ"Watertste Zaw LF S100 0D S205.ODD DO 3A Section R RZ E Put*c Prole 12' Waterlste 1 ss0 LF S100 00 S145.DOD DD 3B Secypn T rlRZ EkAft Public PrWd 12" 'ht4w're 606 IF $100 DC w.CcO *C 38 Setben'N 012 Ehgi to Put*c PmfH tZ" Natertete 1,190 LF S100 00 S119.000 DD _8 Secaan �. IRZ Ehgiblae Pubic Pmted 12" Water6me 2,650 LF S100 AL S265.000 DO 4A Sutxltsma 01 B C9e.eloper Pro a 8" S 12" Watertme 7100 LF I 558 00 S295.800 00 to Subdi=0 01 A Oevefter Protect a" S 12" Waterline 13.65A LF 554 00 5791, 700 00 t A Su"SVict D2 Ceveloper Project 6" & 12" Waterime 30.925 LF S58 00 $1,793,650 00 2A Subd;amCl 03 Developer Protect 8" 9 12" A'aterWte t0.000 LF S58 00 S580.000 00 36 Sub6sctct 04 Developer Protect 9' Viaterime 9,565 LF S40 00 5M2.600 00 NA CIP Water LENGTH= 14.490 TOTAL= 52,753,10000 TIRZ Eligible Public Water LENGTH= 26,140 TOTAL= 52,614,000.00 Developer Water LENGTH- 69,700 TOTAL- 53,889,75000 TOTAL WATER: LENGTH- 110,330 TOTAL- 59,256,850.00 Prosper TIRZ # I Annual Report 2016 -17- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 DRAINAGE iectton I Descrllxion IMal>!I QMFft Unit cost per Unil Total cog PhMW re -- l ITim Et ; slw PL,t-ue P:cm C1 4 '.3' MBC 180 LF 5. 10000 S198 000-OD 2A L,re A-2 JTIFU E 4* PubYCP ec = - 9x4' NBC 1,440 LF 5'80 DD Sam ZIX M us 1C %--3 TlKZ CI 4A-- Pt" LPiyec 10'A4' RCB 1.100 LP .eA 10 DO S34 ,CW Im 2A L,re A -A IFtr Ebgt* PubhcP _ - 5't4- NBC 130 LF S°JT M S75,4DO CO 2A Urhe A-5 tFIRZ El:gN_- Public Prof 10'x4' RCB 1,060 LF &-10.00 S326,600-DO 2A - B'x4' NBC 610 LF SMO DO 5353 800 M 2A LmeU-T L3Caexprrre,rtt IVx4'Mb( Z4U LI- 5UU0u SI-1t.bWUU sn LuneE-2 i7?yelaw. Protect 2- tdix4' NBC 310 LF Si20-00 573:.mo00 3B Urge E-3 De-eltry+rl prolitel : - 9'x4' NBC 870 LF $!80 [ail SAr.UO 00 36 L1M E3 D.­,ekW. Project 2 - I0'x4' NBC 560 LF U20 00 S347.200 OD 38 Line E-5 CIF Pmect 6x3' RCB 710 LF KOO Oda 5142.DOD DO TB - - ti x3 U13C 610 LF S100 06 5244 ODD 00 1B _ - Wx4' WL: bb1J Lil LL 5SB_,1511U UU 1p 10'x4' RCB 120 LF S210 DO S37,200 DO tB - S'.,4' M6C 29D LF SA.40 CC: SIU.2cf. Cdi 15 Lne E-6 Ck-ve cow PrcvCt 5x3' RCB 640 LF S180 dl(1 $115.'DO-0O 3A 5x3' RCB 9M LF S200 00 S15_ CCU CC 3A Lit E-7 CIF Propi:A Tx3' RCB 380 LF S-80 00 S106,4D6 dm 2B U" C- I DeyewDer Protect : - F' [4' IJ5C 770 L.F V-90 00 S446 EEC, CrD I A Uri C-2 D L. ekper Project 2 - 9'x4' IJBC 970 LF SE00 00 5582.DOD OO 1A Lmc C-3 CIF Psyj�l i - d A4' MBC 930 LF S_a0 OD 5341 AW 00 FA C1P Storm LENGTH= :,400 TOTAL= 51.446,000-OC, TRZ Eligible Public Storm LENGTH- 5,840 TOTAL= S2,i°2,000-0C, 'Developer Storm TOTAL= 52,528,600-0C TOTAL STORM: LENGTH-- 13.240 TOTAL= S6.106-600.0C DETENTION+STUDIES 3eclian9 1them I OMMW I flak Uhl I lad CSesR I Plus Ctzrrina�r PFol-�Ct j7ctcn_rntiRe'emon Ponds 1 LS S21AS9_500 00 $3 4c9 500 C: I ALL 'D'4 ebper PTc eGS Master DnmmageJDet Plan I LS 1 $150 000 00 1 S150,000 OD I IA SUBTOTAL- 53.649,500.0C -Foil of the Dcvcfoper Drainagc and Dctcntion Cost a TIRZ chpblc per he ong nal Development and Financing AEreemerr TOTAL STORM= S9,756,100.0C Prosper TIRZ # 1 Annual Report 2016 -18- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 PUBLIC ELE+: TRWAL DUCT BANK $111el1110 MadjP0"M tMak CrH1 Is Lluit Tod Carc Ph," Se[aon A WA Fula[ Eteclncx Duct Bank 1;73D LF S'S000 $257 SOD Ci 1A Section C: FYA Futrkt Electncal Duct Bark 2.130 LF S250 0D S532,500 0D 1A 5ecaw D MA Public Elettreal Duo Elm* 1,23D LF 5250.00 S322.500 CO to Semn F WA PWAc Electncai Duct Bann, 1.480 LF $250.00 537D.DDD DD LB Secaw G MA Public Eleunt--3i Duct Ban* 1570 LF $250.00 S417.500.00 2A sec"n I FYA Pu6Lc Eleancai Duct bank 2,020 LF S'5004 SW5.00D.00 2A Section J IVA Fublic Electrcal Duct Bank 690 LF 5250 40 5172.SDD 00 ;A Section O MA F L bk EW W'cal Duct Bank 900 LF S250 00 52_1S.13L0 00 -B Section R FYA Pubic Eletlrcal Duct Bank 990 LF 5250 a 5247 S00 DD :B Irllernti FYA FutJkEkctnca Duct Bank 4.630 1 LF I SMOZO T S1 157500.E 4A From Stow J Fi v* bl Few Streel Inlemd IFYA Pubic FJecL'cal Duct Bank I 1,050 I LF I S250.00 I S--GZ500_W t 3B From 5eetion R West to Rae road Internal I FYA Pubic Eledncal Duct Bank 1 4240 1 LF 1 $250.00 1 S 100,001100 LB Fram xtersec?on of Preston and i4&Und LJE arrg Prevon to First Street TIRZ Eligible CIP Items Subwtat= TIRZ Eligible Public hems Sunictal= S2.5M.00.00 Derelcptr hems Subtotal= 53.036.0W.00 TOTAL DUCT BANK LENGTH= 22,120 TOTAL= SS.S30.000.00 Prosper TIRZ # 1 Annual Report 2016 -19- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of Septcmber 30, 2016 AMENITIES i0C:i10Qofterktift HM Gamuityr_ I Unk C*a pit Unit TOW PAaoe AuOc, arc S-tace j I LS 55.-100.0179T_r]QC{CI _C.OK C-3 "� �r Public and Detietoper Entry Fees and RourLdatxru 1 LS 173275.(100&01 S3 J75 OCO a0 ALL GPltems5ubtatai S0.00 Public Items Subtotal S4,137,500.00 Develaper Items Subtotal S4,337,500.00 Amenities Subtotal S8.47SA0000 UTILITY RELOCATIONS Secom Daa - 4 MIctt Item I Quantity Walt Coatitlr UM Talc! Cant Plrawe `rR` Jgmbw PabMC Frarc+ji 3-90 OA", tl d to Curt L5 52 217;3CC LC I S: 200 0s U 0 TIRZ Ei2bM PumaC Fro ec B,L� _a9 Ctvmrt ead to Dud 1 1 LS I WO 000 00 1 5450. D00 CO :`E rII97 Efrgkte Public Prutec Frrat 5trect Llnrnead to DidI t I LS 5 t :'00.000 00 5 r _W CW CQ 1 -L CIP kemSubtotid 'TIRZ OrVale Pubk Items Subtotal S2,925,000.00 'Developer hems Subtotal S1.925,000.00 SUBTOTAL- $3.850.000.00 W-N of the l trri ,elacatwn sus are 71R? a gtft as ner Ou ongrnal De! t** rnent orrd FnancoV Agreement OTHER h1ISC. ITEMS 3acliorl — kern — -owaky VW Gast per Unit TOW too PMaa� C I P Items Subtotal 50,00 Public Items Subtotal SO.EIO 0Lvetoper Iterm Subtotar 50.00 SUBTOTAL= SO.00 TOTAL= 512.325.000.00 Prosper TIRZ #1 Annual Report 2016 -20- Town of Prosper, Texas Tara Increment Reinvestment Zone #1 As of September 30,E 2016 CAPITAL IMPROVEMENT PLAN BUDGET Reimbursement Request No. 2 - June 1, 2016 Payee: Progect: Purpose: Amount: Alliance Geotech MDB Sewer Materials Testiny, $ 3,685.20 Huitt Zollars, Inc. MDB Sewer Engineering & Surveying $ 22,061.57 Wright Construction MDB Sewer Construction $ 2,102,170.91 TOTAL MDB Sewer $ 2,127,917.68 Kimley Horn Richland & Lovers Engineering & Surveying $ 47,549.09 TOTAL Richland & Lovers $ 47,549.09 Alpha Testing Gates Phase 1 Testing — Detention Pond $ 10,547.08 Kirnley Horn Gates Phase 1 Landscape Architecture $ 8,500.00 Mario Sinacola & Sons Gates Phase 1 Construction $ 526,130.22 TOTAL Gates Phase 1 $ 545,177.30 The Global Fence Lovers Lane Temporary Fence $ 3,355.75 TOTAL Lovers Lane $ 3,355.75 REIMBURSEMENT REQUEST NO.2 $ 2,723,999.82 REIMBURSEMENT NO.1 FY2015 $4,110,750.63 INTEREST 3.5% $143,876.27 TOTAL NOW DUE $6 978 626.72 Prosper TIRZ # 1 Annual Report 2016 -21- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30 2016 Beginning Balance: October 1, 2015 Revenues: Property Tax Impact Fees: Water Impact Fees Wastewater Impact Fees Thoroughfare Impact Fees Interest TOTAL REVENUES Expenditures: Land Purchases Professional Services Construction/Improvements TOTAL EXPENDITURES Ending Balance: September 30, 2016 TIRZ FUND Financial Statement CAPITAL DEBT PROJECTS SERVICE TOTAL ($7,500) $ 0 ($7,500) $ 0 $ 0 $ 0 $18,627 0 $18,627 $52,886 0 $52,886 $512,298 0 $512,298 $ 0 $ 0 $ 0 $ 583,811 $ 0 $ 583,811 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $576,311 $ 0 $576,311 * Revenues reported as of September 30, 2016 is not reflected in the audited financial report. This will be reported as a prior period adjustment in the FY ending September 30, 2017 audited financial report. Prosper TIRZ # 1 Annual Report 2016 -22- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2016 ANNUAL FINANCIAL REPORT Chapter 311.016 of V.C.T.A. requires the following information as part of the annual report on the status of the TIRZ District. Information is contained in detail on the financial statement. 1. Amount and source of revenue in the tax increment fund established for the zone: $576,311 Total Revenue 2. Amount and purpose of expenditures from the fund: $0 Financing plan update. 3. Amount of Principal and Interest due on outstanding indebtedness is as follows: A. Contributions /Advances from developers— $6,978,626.72, B. Bonds issued and payment schedule to retire bonds— none. 4. Tax Increment base and current captured appraised value retained by the zone: Taxing Net Taxable Value Jurisdiction Fiscal Year 2015-2016 Town of Prosper Collin County $32,655,287 $32,655,287 Base Year* Value (with AG) Jan. 1, 2008 $4,507,850 $4,507,850 Captured App. Value Fiscal Year 2015-2016 $28,147,437 $28,147,437 5. Captured appraised value by the municipality and other taxing units, the total amount of the tax increment received, and any additional information necessary to demonstrate compliance with the tax increment -financing plan adopted by the governing body of the municipality. A. Captured appraised value shared by the municipality and other participating taxing jurisdictions received in Fiscal Year 2015-2016: Taxing Participation Amount of Jurisdiction Per $100/Value Fiscal Year 2015-2016 Increment Town of Prosper (70%) $ 0.520000 $ 102,457 Collin County (50%) $ 0.208395 $ 29,329 Total $ 0.728395 $ 131,786 B. Amount of tax increment received in 2016 from the municipality and the other taxing jurisdictions based on 2015 valuations: $ 0 C. Other information: None * Base Year Value as of January 1, 2008, is for Fiscal Year 2007-2008. Prosper TIRZ # 1 Annual Report 2016 -23-