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2017 TIRZ No. 1 Annual ReportTown of Prosper, Texas Tax Increment Reinvestment Zone #1 Town of Prosper, Texas Tax Increment Reinvestment Zone #1 (TIRZ #1) ANNUAL REPORT 2017 Prosper TIRZ #1 Annual Report 2017 -1- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 INDEX 1) Cover 2) Index 3) Year End Summary of Meetings/Town Council/Board Actions 4) TIRZ #1 Property Map 5) Public Infrastructure/Building Projects 6) Summary of Project Costs by Phase (Maps) 7) Annual Report 8) TIRZ Fund Financial Statement 9) Revenue & Expenditures a) TIRZ Rollback Tax Map b) Rollback Tax Revenue c) Property Tax Revenue d) Impact Fee Revenue e) Payment Summaries Prosper TIRZ #1 Annual Report 2017 -2- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of_Seatember 30, 2017 YEAR END SUMMARY OF MEETINGS/TOWN COUNCIL/BOARD ACTIONS In December 2015, the Town of Prosper Town Council appointed members for the 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. The second annual TIRZ Board of Directors meeting was held on April 11, 2017. During this reporting period, installation of needed infrastructure continues and the first buildings began receiving Certificate of Occupancy. On August 01, 2017, Dicks and Field & Stream opened. Board members 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 Jeff Hodges. Collin County — County Commissioner Susan Fletcher. Prosper Economic Development Corporation — Board Member David Bristol. 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WIMP CO l % _ LU oL 7 � 1 �4r4 tiu C I LT T / Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 302017 PUBLIC INFRASTRUCTUREBUILDING PROJECTS QnA11W evc 1kn1 I Oeilo CIP 4-Lu3eRrs7 I.C30 LF S7?5.p6 5745,75000 1A 7s,,Owwo CIP RWO" 7 4i:yie Read 1,650 LF ST25 00 $1 196 250 00 1A CIP Roadwa 4-LanePtad zjw LF $725 00 S • `..f-0:'SU.00 IA CIP Ra2d*-3y 4-Lane Raid 1.290 LF 5725 00 $835,2S0 00 is Section E T CIP Ftoxdwra 44.ane Road 1,990 LF 5725.00 $1,442.7513 00 SB Semn F I CIP Roadway 44AM P.00 1 1.480 LF 5725-00 $1.O73A00 00 18 r b n G JTIRZ Ebgibiie PU Ac 44.j a Ftmd 1.870 LF S725.00 S1 210,TW 00 ZA Seebon K D-tdo= Rcsndrray 4 -M Rand 460 LF S 25.00 5333.5OO.DO 2A Semon i TIRZ Ebp ble Public Roadway 4 -" Rand 2,020 LF $725.00 S1 464,51i0.00 2A Scow J ce�eloper soad*vy lL airm Road 590 LF 5425.00 5293,250 DD 2A Seceen K TiRZ Publie Road*" 3-Lane Road 2 560 LF 5425 04 51.0%5w 00 2A Section L TIRZ BqW PuDnc Raada my 3-OM Road 1.110 LF Sa=S 04 5171,790 OLD 2A Se[Dvn M TIRZ Pwbk Roadomy ;!,,vie Road 1 A40 LF $340.00 5353,600.00 ZB SeawN TIRZ PutAr KoMwnl 2-L"Row 1,050 LF 5340.00 5357,ti10.00 29 Seaz4xr C1 C1P 44 arle Read 900 LF $725.00 5652.51M.00 20 Sermon P CIP AAarle quad 470 LF 5725.00 I SUG.750 GL 29 Section 0 CIP Raxdra 4-Lane Rand 2.050 LF S7ZS 00 1 $1486.--A 00 3A SecWn R TIRZ Ebpbte Public Roadway 2lane Road ll 6M LF 5374 00 5574,6W M 38 S90W 5 TIRZ eWj* Pub" RcaQway 2A.4rle Rand 1 760 LF 5340 00 5998,40O 06 3B Secbm -r T[RZ Eigd* Pub k Reudmy 4 .ame Road 360 LF 5725 00 526100O CC 38 Section U CIP Ro.0.3 4Lane Read 990 LF 5725.00 5717,750.00 35 $eC>'on'I CIP lRoac"y 44101ne ROM 67D LF $725.00 $830,750 0G 38 secbm'N CIP 44AneRaed 1.190 LF $725.00 5862,750.00 2B Secdan x CIP 'Ro3dway 44-MeRead r.65O LF I 5725.00 f $1.921.-1M.00 4A Secwn Y CtP qowoway 44.ane Road 820 LF S7--S OO WOW 0G 4A Section Z CIP ftodway 4-Lwic Road 2.800 Lf 5725.00 $1.865.000 00 4A Spoon AA CIP Roadway 3iarre Road I.?O5 LF $425 00 $512,125 00 15 SubdiyM 010 Derelopei Z-Lane Rood 5.100 LF 535O.00 S1 785.0013.00 18 SukkMct DIA Developer RoX480 2-Laos Road 13.fi5O LF 5350,00 S4 TMSOQ.pO 1A Scdadly d 02 S 2A_ane Road 30.925 LF 5350.00 STD.823.750.00 ZA Subdimrict 03 Dely oow Roed+mja 2-Lane Road 10,000 LF UM 00 $3.5M,000.00 38 Subdistrict 04 Devkrper liowtaays Clry Std 31' M RolsDyvV 9.565 LF $450_0O $4,304,250.00 3A UP Roadway LENGTH= 23,315 SUBTOTAL= $16 541.875 00 TIRZ Eligible Public Roadway LENGTH= 13,280 SUBTOTAL- 56,368.100 00 Developer Roadway LENGTH- 70,390 SUBTOTAL- $25.817.250.00 TOTAL ROADWAY: LENGTH- 106,985 SUBTOTAL- 546,747,225.00 Prosper TIRZ #1 Annual Report 2017 -15- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 ADDITIONAL ROADWAY ITEMS ton Road CIP Aedan and Turn 2 LS 5175.00O.DO 5350,OOD 00 1A ton Road r De�eraper h1n Ope W4 TWn L LS S175.00DCO S1�5AOD00 1A ne Loca m CIP Traffic 5p. Des- and Canst 9 LS S_'35 0EID00 52 1IS. DD0.o0 Ai L MLADPae Locations TIRZ Enable Public Tralfc Si% Des And const r LS S-335 WC 00 5470,000 00 ALL Rrcn.anll Blvd CIP Tratllc % dabot-1 E LS SM. ODD 00 1250.ODO 00 18 UN,e s Lane CIP RR CrOmN LS $5.50D,00D.00 55.50D.D00.00 4A 0 D-eloper ITraft !mpadAnakisis;Tlar 1 I LS I 560,000.00 I %G,0DD.00 1A CIPlterns= $8215,000.00 M2 Do we PLvr err.- $470.000 OD DeveloF s1emS-- 5235,000 03 SUBTOTAL= SE.920.000.00 TOTAL= S57,667.225.00 WASTEWATER _ r ei A and CIP AMW Trwrk Se%W Utbrr 1 I LS 1 $5 210,000.D0 $5.210 ODO 00 1A LMC-1 CIPProjecl 1G'SSWR 3,050 LF SS500 Si67,750.00 I Lone 2 CIP Project 1D" SSWR 5.SM LF 555.00 $320 100.00 1B Loe D M-qq es Project 9" SSWR 1.o%g LF $45 00 574,700 CQ 3B Lm E De ."- Proect 8" SSWR 1,46G LF S=5 00 5B JW W 3B LWe F C6-10per ft*i 8' S5'NR 1,5M LF $45 00 566,400 DG 38 Line G DL-,t er Prflject 9' SSwR 1.110 LF S45 00 $49,9W.DG 1A SuW,saiet D78 De�tWe , Rojed e" S5V R 4,9$D LF S45 00 5163.6D0.00 1B SUb0%10D1A D1141P r .' 8' SSWR 10.920 Lf S45 DO $491.400,00 1A Surlld Am OZ DewuW Project 8" SSWR 24.740 LF 54500 $1 113 300.00 ZA SLdX"MCt 03 Develuoer Protect 8" SSWR 8,000 LF $45 00 S3GD.CO0.00 3B Sc►wstrwt04 Uer k er ftled 8' S5t►R 7,952 LF 54500 5344-30-DO 3A All Developer Project Master UM fry Man 1 LS $1$0.D00 00 5150.DDO.DD 1A CIP Wastewater TOTAL- $5 697,850.00 TIRZ EF®b1e Public Wastewater TOTAL- DevetoperWastewater: TOTAL- $2,901,390.00 TOTAL WASTE -WATER: TOTAL- $8.599,240.00 Prosper TIRZ # l Annual Report 2017 -16- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 WATER CtP Lne I CIP 2D' watertM 6.300 LF W—Unal 5295 7G Wcog S1.297 air] O 18 CIP Lure 2 CIP 16,'Aatrllme 5.280 LF $190 00 S1.003.MDO 2A CIP Lore Sa CIP I$I waterl,ne t3W LF $190,00 S35 AMOD 38 OP Lane 3b CIP 12'watkrlme I.050 LF $100.00 S105.DOO.LIO 38 Slcden A 1RZ E1lp9ie PIA6c Pmso 12, Waterline 9W LF S100.00 $99,000 00 tF Sedw $ IRZ EbqUe Pubie Pmte4 12' Waterline j 1.510 1 LF I 3100.00 I 5151.D00 DD 1A Secdm--[TIRZ Ebpfte Pubic 12" 'Nawme 2,180 LF S100.00 $21a.WD.OD to 5ecbon D r1RZ EhWb k P,"c "e 121 wwI+tme 1,240 LF $100 00 3124.000 OD is Sectior:l IR7..E Pubic 12' 'NaeAsro 1,940 LF S10000 $194,OW..W 18 5ecvon F ITIRZ Ekrglc Pubic PnW 12' Waterine I,4M LF SiOD.00 5148,000 00 1s 5etaoo G IRZ EbpW PLdAc Pmjed 12-'Aateslim 1 .350 LF 510000 S165 000.00 2A 5ecooa H I 17evewer prwct I 12-W.'; erine 460 LF $100 00 W.ODO 00 ZA SeCWft 1 4RZ EbqUe Pubic Pmxcl 12'Wa4e irk 10* LF 510090 Se N.000 00 2A Section 1[ PRZ E "c - 12' Wwer*1 a 1,110 LF S700.00 $171,000.W ZA 5etOt L JTM EKOW Pt"e 12, wafttkp a 1,GW LF $10000 3105-OOD.OD 2A SecWn Y Pubic P 12' w8weff a ISM LF $100 00 $104.000 0D 28 Se000n O RZ agoe kod c pr% 12' Waterkre 191M I LF $100.00 S90.DW OD 25 Se~ P ITIRZ Pubic 12" AatataW 470 LF $100.00 $47,0M.DD 28 Sem n Q r1RZ EbgUe Putft 12' Waterline 2.050 LF $100 00 S.-M.000.00 3A Seetton R ITIRZ BqUe PUNC Pf4C4e4 12' Wla dM 1 1,450 1 LF 1 $100.00 1 S145.000.00 38 raS0t6en 7 IRZ PU*C Prot t2" 'Naterine bOO LF $1D0.0D $60,DCO 00 38 Secom. W JrIRZ Etgit%a Pubic Rrpl 12-h-at 41M 1,190 LF S104.00 S 119.006 OD 28 Secow x r[R2 EwAw PLA*c Prot 12' Water" 2,650 LF i 10D.00 $265.000 DD 4A Sub datrid 0113 Deveoper Pr t 8" 8 17 Tla*dne 5.100 LF SSS 00 S295.8M 0D 1 D Subdn1M Dl A 0cr SOM ftry 8" S 12" W'aterlme 13.650 LF $58 00 $791,700 DD TA Subdemd 02 Ceveir%w PM10a 9" 8 12' Waterlile 30,925 LF SW 00 S1 793.650.00 Subdtwia 03 De�eiopkr Prgect 8" d 12" Waterline 10,000 LF $58.00 5580.C40.00 35 Subs SM D4 Deveox- 6' Water" 9.SSS LF S40 00 SM2.6CO L0 3A UP Water- LENGTH= 14,490 TOTAL= $2,753,10000 TIRZ EN;1ble Public water LENGTH- 26,140 TOTAL= S2,614,000.00 Developer Water LENGTH- 69.700 TOTAL- $3,889,750.00 TOTAL WATER: LENGTH- 110,330 TOTAL- $9,256,850.00 Prosper TIRZ #1 Annual Report 2017 -17- Town of Prosper, Texas Tax Increment Reinvestment Zone #I As of September 302017 DRAINAGE U11{I lint rn RZ now P1mc Prgiecj 4. 6'x4' U8C 1 180 1 LF 1 $1 100 00 1 5188.000.00 I 2A i-M -2 IRZ PL"icPr 2-Wx4'NBC 1,44 LF SM,00 S835.206.00 2A Lr.r A-3 TIRZ Put*u P rulml 147x4' RCB 1,100 LF S: 10.00 334 .000.00 2A L+rrc A-4 RZ PW*c E2d - 67x4' NBC 130 LF tW 00 $7S400.0D Line AS RZEMO*PW)kc tO'x4-RCB 1,060 LF S;10.00 S328.60.0D 2A = - 6'x4' 11BC 610 1 LF I V80 DD I S353,SDD 00 2A LM d-1 Lwveow -Mrnt 1- IU'x4' WK1 14U LP St111.0U 5144.bW W 31S Lele 0-2 C�errlopea R*c1 2. 1 DxW +ABC 3 l0 LF SF?D 00 S19:,200.00 AB LmeE-3 Devek>l Fk t 2-8'i44'NBC 870 LF S!8000 S504,600.00 38 l-nee-4 Dswk;w ftrd Z- 1D'k4' ►ABC 560 LF M-10 00 534 -*^D0.00 38 LineB•5 CIFAr"M 6x3'RCB 710 LF S:00.00 $14200000 16 i - $'x3' ABC 610 LF S-M-00 S244.000.DD 1 B -u'x4'IIA7[: bbU LP S`W_UU 5Sr1_,HI1t-W 1b 10'x4•RC6 120 LF $110.00 S372DD.00 1B -8-r4'AWSC ?9D LF SE80.DC+ 5168.U0.0D 18 1-me B-6 Dr ekw t 5'x3' RCB 640 LF SIW-00 S1IS-2D0.00 3A 6x3' PCB 9W LF S:130.00 5192,0=1) 3A Lne a-7 CIF Prged 8'x3' RCB 380 LF S:80.00 $106,400 00 28 Lore C. 1 De,elmp PfWC1 = - 8 14 AIBC 770 LF V80 OU S446.6W OD } A Lint C-2 Pmordl 2 - 9x4' NBC 970 LF Sc00.00 S582 000.0D 1A Low C-3 CIF Prynal 2 - er w NBC OW LF WC-00 S3W.4W 00 fA CIP Storm: LENGTH- 400 TOTAL- S1,06.000_0C, TRZ Elko* Public Storm: LENGTH- S,840 TOTAL- S2j.'_2,000.01, •Dev ow Storm TOTAL- S2,528.6W-00 TOTAL STORM: LENGTH- 13.240 TOTAL-- S6.1C6.6W.0C DETENTtoNSTUDIES L'emkger Prq Ad I Detmbarl+T$e&ternW Pords 1 I LS S3R09.500.00 S3.4S9.5W-OC ALL 113-6 9-PMjcet i1imWDrina D0% Plan t I LS I 315D.000.00 I $150,DOD_00 1A UNTOTAL• 51.699.500.0E •�-alT of the Octicloper Dmimgc gnd Dctcntio+ Cost i5TIRZ ciVWc per he ong nal Development and Financing Agreemerr_ TOTAL STORM= S9.756.100.0C Prosper T1RZ #1 Annual Report 2017 -18- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of Se )telrlber 30, 2017 PUBLIC ELECTRICAL DUCT BANK Section A WA Pubic Electrical Duct Bmtk 1 1,030 LF Co.t W u S25Q-QC• 5 TS00.0D I 1A Seaden C WA FUWMc Ekctrrcai No Bank 2,130 LF S25o.00 5532,500.1i0 1A Section D h1A Pubke Eleetneaf Duct Bank i-M LF 5250.00 S3"+1500.00 rB SEctlan F WA Pubic E ecUeS Duet Ekv* 1,4®D LF S?SO 00 5370.000.00 TO Sec4an G PVA Pubis Electrrca nuct&V& 1.a"7Za LF SM.00 S41T_SM.D0 2A Seaton I WA Pubic Eledrical Duct Bank 2,020 LF S=50.00 SWS.Q00:CC ZA Sedtat 3 PYA Pubic Eletttrw Duct SM* 6W LF S2S0.00 S1T2.S00.DC 2A Secllan tl ruA RAAt E7e[lneal Duct Sank 900 LF S-1W,00 S22S,000.00 29 Sectkm R WA Pubke Eledrlcal Dud Bar* 590 LF 3250.00 1247r,5W.D0 26 Wd and WA PuW Elt MCM Dud Bank 4.&M LF S250.00 S 1.157.5W 00 4A Fmm Socko J North to Fart SaraM kdo. IWA Pubic Eledncal Dud Beak 1,aW LF $250.00 S262.500.00 38 Fran Seurat R West lo Rain®d YAertul WA Pubic Eledaeal Dud Burk 4240 LF S2S0.OD $1 W0.000.00 1 B From uttereeerron d Preston and Fbd k rttl W abr4 Preston to Ftrst Sbeet TIRZ Ehoble CIP herru SWtaral-- TIRZ Ehgbt[ Pubk Items Stetoal= S2,500,000A0 Derelow Items Sub[arai= 53,030,000.00 TOTAL DUCT BANK LENGTH= 22,120 TOTAL- $5.530,000.00 Prosper TIRZ #1 Annual Report 2017 -19- Town of Prosper, Texas Tax Increment Reinvestment Zone #I As of Septem her 311, 24117 AMENITIES EWA jC*k$WQnItj gw ow Pudic OW Dersioper Pwks*pen Sp e I T L5 IS52WOM.001 S5200000.00 I ALL Pubic and Ue%efopv En Fta wts and t LS I $3.27S,GM 00 $3 275.000 00 1 ALL UP Items Subtotal $0.00 Public Items Subtotal S4,137,500.00 Developer Items Subtotal 54,337,S00.00 Amenities Subtotal SSA75.000.00 UTILITY RELOCATIONS TIRZ EVble Pubic PhvleC US 3W Overhead 10 Oua I T I Ls 52.300.000.00 $2 200,000.00 I :A TUC Fligible Puck PmMc Business 289 Overhead to Ducj 1 I L$ I $450 0W.00 I $4S0,0W.00 1 38 TFRZ Eloble Pubk PmmpC Fret street ovetnea0 to Duct I T I L5 151.'WOOD 00 1 S$.200.OW 00 j 4A CIP Items Subtotal •TIRZ ©ifle Public Items Subtotal $1,925,000.00 'Dereldper (termsSubtotal $1,925,000.00 SUBTOTAL- 53AWAN.00 •S^ of due Wady reFncadw oms are T-RZ ebigl ble as per the a WmI Oetekpmet+t and F n-cuhg +r V---Irrt OTHER MISC. ITEMS GP hems Subtotal $0.00 PWIKItems SWcaiai SO.00 Developer Items Sumo al S000 WBTdTAt= SO.00 TOTAL= $1L325.000.04 Prosper TIRZ # 1 Annual Report 2017 -20- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 CAPITAL IMPROVEMENT PLAN BUDGET Reimbursement Request No. 3 - June 1, 2017 Pa ee: Pro'ect: Pu se: Amount: Huitt Zollars, Inc. MOB Sewer Engineering & Surveying $ 2,227.50 Wright Construction MDB Sewer Construction 36,416.00 'TOTAL MDB Sewer 38,643.50 Kimley Horn Richland & Lovers I Engineering & Surveying $ 26,549.41 'TOTAL Richland & Lovers 26,549.41 .Alpha Testing Gates Phase 1 Testing — Detention Pond $ 19,829.78 'The Global Fence Gates Phase 1 Temporary Fence 2,000.00 Mario Sinacola & Sons Gates Phase 1 Construction 1,783,036.58 'TOTAL Gates Phase 1 1,804,866.36 Sendera Title Gates Phase 2 1 Title Services $ 9,000.00 TOTAL Gates Phase 2 9,000.00 INTEREST 3.50% 1 S 239,216.27 Interest REIMBURSEMENT RE VEST NO.3 $2 118 275.54 REIMBURSEMENT NO. 1 FY 2015 $ 4,110,750.63 REIMBURSEMENT NO. 2 FY 2016 2,867,876.09 TOTAL BILLED TO DATE $9 096 902.26 Prosper TIRZ #1 Annual Report 2017 -21- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 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: $ 787,195 Total Revenue 2. Amount and purpose of expenditures from the fund: $ 1,176,007 Total Expenditures 3. Amount of Principal and Interest due on outstanding indebtedness is as follows: A. Contributions /Advances from developers— $7,920,895.69. B. Bonds issued and payment schedule to retire bonds— none. 4. Tax Increment base and current captured appraised value retained by the zone: A. Tax Increment base and current captured appraised value retained for Tax Year 2016: Taxing Net Taxable Value Base Year* Captured App. Value Jurisdiction Tax Year Value (with AG) Fiscal Year 2016 Jan. 1, 2008 2016-2017 Town of Prosper $32,655,287 $4,507,850 $28,147,437 Collin County $32,655,287 $4,507,850 $28,147,437 Tax Increment base and expected captured appraised value for Tax Year 2017: Taxing Net Taxable Value Base Year* Captured App. Value Jurisdiction Tax Year Value (with AG) Fiscal Year 2017 Jan. 1, 2008 2017-2018 Town of Prosper $40,776,072 $4,507,850 $36,268,222 Collin County $40,776,072 $4,507,850 $36,268,222 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 2016-2017: Taxing Participation Amount of Jurisdiction Per $100/Value Fiscal Year 2016-2017 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 2017 from the municipality and the other taxing jurisdictions based on 2016 valuations: $ 131,786 Prosper TIRZ #1 Annual Report 2017 -22- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 ANNUAL FINANCIAL REPORT C. Expected appraised value shared by the municipality and other participating taxing jurisdictions to be received in Fiscal Year 2017-2018: Taxing Participation Amount of _ Jurisdiction Per $100Nalue Fiscal Year 2017-2018 Increment Town of Prosper (70%) $ 0.520000 $ 132,016 Collin County (50%) $ 0.192246 $ 34,862 Total $ 0.712246 $ 166,878 D. Other information: None * Base Year Value as of January 1, 2008, is for Fiscal Year 2007-2008. Prosper TIRZ #1 Annual Report 2017 -23- Beginning Balance: Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 TIRZ FUND FINANCIAL STATEMENT CAPITAL DEBT PROJECTS SERVICE TOTAL 101112016* $ 576,311 $ - $ 576,3111 Revenues: Property Tax: Town Delinquent County Property Rollback Taxes Sales Tax Impact Fees: Water Impact Fees Wastewater Impact Fees Thoroughfare Impact Fees 380 Construction Sales Office Interest TOTAL REVENUES Expenditures: Land Purchases Professional Services Construction/Improvements: MDB Sewer Richland & Lovers Gates Phase 1 Gates Phase 2 Lovers Lane SH289 Median Openings Interest Expense TOTAL EXPENDITURES Ending Balance: 30 17 $ 102,457 $ 29,329 265,867 22,392 70,041 16,574 277,823 2,712 $ 787,195 $ 62,985 213,295 178,044 3,356 335,234 383,093 $ 1,176,007 $ 187,499 $ 102,457 29,329 - 265,867 - 22,392 - 70,041 - 16,574 - 277,823 2,712 $ 787,195 62,985 213,295 178,044 - 3,356 - 335,234 - 383,093 $ 1,176,007 - $ 187 *Revenues reported as of September 30, 2016 are not reflected in the audited financial report. This is reported as a prior period adjustment in the FY ending September 30, 2017 audited financial report. Prosper TIRZ # 1 Annual Report 2017 -24- • 7L�Lll Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 Collin Count) 2010 26,367.03 2011 25, 008.06 2012 23,633.32 2013 21,708.96 2014 25,225.28 Total By Entity 121,942.65 REVENUES & EXPENDITURES ROLLBACK TAX REVENUE Collin College Prosper ISD Town of Prosper Total FY17 Amount 9,481.15 179,076.09 57,128.58 272,052.85 8,992.48 174, 014.48 54,184.15 262,199.17 8,498.06 164,448.53 51,205.53 247,785.44 7,645.48 152, 648.25 47, 531.19 229, 533.88 8,797.72 179,260.51 55, 817.65 269,101.16 43,414.89 849,447.86 265,867.101 1,290,672.50 PROPERTY TAX REVENUE Property Taxes (Town)-70 / Date jAppraised Value I Less Base Value iTax Rate jArnount TIRZ Total 3/6/20171 32,655,287 1 4,507,850 1 0.0052 1 146,367 102,457 Property Taxes (County)-50% Date Appraised Value Less Base Value Tax Rate Amount TIRZ Total 3/6/2017 32, 655, 287 1 4,507,850 0.00208395 1 58,6581 29,329 Prosper TIRZ #1 Annual Report 2017 -26- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2017 REVENUES & EXPENDITURES IMPACT FEES REVENUE DATE PROJECT DESCRIPTION WATER FY17 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAILAND RESTAURNAT 11/23/2016 SHELL BUILDING FOR RETAIL& RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 8/9/2017 WHATABURGER- DEVELOPAFREESTANDINGRESTAURANTW/DRIVETHR WASTE WATER 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAILAND RESTAURNAT 11/23/2016 SHELL BUILDING FOR RETAIL & RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 8/9/2017 WHATABURGER - DEVELOP A FREE STANDING RESTAURANT W/DRIVETHR EAST THOROUGHFARE 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAILAND RESTAURNAT 11/23/2016 SHELL BUILDING FOR RETAIL& RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 11/23/2016 SHELL BUILDING FOR RETAIL/RESTAURANT 8/9/2017 WHATABURGER- DEVELOPAFREESTANDINGRESTAURANTW/DRIVETHR ADDRESS SUBDIVISION AMT PAID 750 RICHLAND BLVD GATES OF PROSPER 12,480.00 1141 N PRESTON RD GATES OF PROSPER PH 1 12,480.00 1151 N PRESTON RD GATES OF PROSPER PH 1 12,480.00 1111 PRESTON RD GATES OF PROSPER PH 1 12,480.00 1101 PRESTON RD GATES OF PROSPER PH 1 12,480.00 1201S PRESTON RD 7,641.00 FY17 Total 70,041.00 750 RICHLAN D BLVD GATES OF PROSPER 2,186.00 1141 N PRESTON RD GATES OF PROSPER PH 1 2,186.00 1151 N PRESTON RD GATES OF PROSPER PH 1 2,186.00 1111 PRESTON RD GATES OF PROSPER PH 1 2,186.00 1101 PRESTON RD GATES OF PROSPER PH 1 2,186.00 1201S PRESTON RD 5,644.00 FY17 Total 16,574.00 750 RICHLAND BLVD GATES OF PROSPER 54,247.20 1141 N PRESTON RD GATES OF PROSPER PH 1 22,205.42 1151 N PRESTON RD GATES OF PROSPER PH 1 24,837.42 1111 PRESTON RD GATES OF PROSPER PH 1 20,079.50 1101 PRESTON RD GATES OF PROSPER PH 1 22,711.50 1201S PRESTON RD 133,742.06 FY17 Total 277,823.10 Prosper TIRZ #1 Annual Report 2017 -27- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 20I7 REVENUES & TIRZ EXPENDITURES PAYMENT SUMMARIES By Project: TIRZ 1 Totals MDB Sewer Richland & Lovers Gates Phase 1 Gates Phase 2 Lovers Lane SH289 Median Interest Totals Amount 5,802,881.59 213,294.92 2,350,043.66 9,000.00 3,355.75 335,233.80 383,092.54 9,096,902.26 Paid 62,985.25 213,294.92 178,044.31 3,355.75 335,233.80 383,092.54 1,176,006.57 Remaining 5,739,896.34 - i 2,171,999.35 9,000.00 1 - 1 - 11 7,920,895.69 By Payment Request: MDB Sewer Richland & Lovers Gates Phase 1 Gates Phase 2 Lovers Lane SH289 Median Interest Reimbursement #1 Amount 3,636,320.41 139,196.42 - 335,233.80 4,110,750.63 Paid 62,985.25 139,196.42 - 335,233.80 537,415.47 Totals Remaining 3,573,335.16 - - - 3,S73,335.16 Reimbursement Amount 2,127,917.68 47,549.09 545,177.30 3,355.75 143,876.27 2,867,876.09 #2 Paid - 47,549.09 178 044.31 3,355.75 143,876.27 372,825.42 Totals Remaining 2,127,917.68 - 367,132.99 - - 2,495,050.67 Reimbursement #3 Amount 38,643.50 26,549.41 1,804,866.36 9,000.00 239,216.27 2,118 275.54 Paid - 26,549.41 239,216.27 265,765.68 Totals Remaining 38,643.50 - 1,804,866.36 9,000.00 1,852,509.86 By Payments Made: Payments Made 'Total Charges 2-May-2017 23-Aug-2017 2018 2019 2020 2021 2022 Remaining Balance Total 9,096,902.26 540,184.00 635,822.57 7.920.895.69 Interest 383,092.54 381,214.17 1,878.37 Construction Costs 8,713,809.72 1 158,969.83 1 633,944.20 7,920,895.69 Prosper TIRZ #1 Annual Report 2017 -28-