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2019 TIRZ No. 1 Annual ReportTown of Prosper, Texas Tax Increment Reinvestment Zone #1 Town of Prosper, Texas Tax Increment Reinvestment Zone #1 (TIR.Z #1) ANNUAL REPORT 2019 Prosper TIRZ #1 Annual Report 2019 -1- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30 2019 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) Annual Report 7) TIRZ Fund Financial Statement 8) 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 2019 -2- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As _of SWtemlber 30, 2019 YEAR END SUMMARY OF MEETINGS/TOWN COUNCILIBOARD 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. The second annual TIRZ Board of Directors meeting was held on April 11, 2017. The third annual TIRZ Board of Directors meeting was held on January 23, 2018. The fourth annual TIRZ Board of Directors meeting was held on January 22, 2019. This is the fifth year that the board has reviewed the annual report. 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 Marcus E. Ray, Craig Andres, Meigs Miller, and Jeff Hodges. Collin County — County Commissioner Susan Fletcher. Prosper Economic Development Corporation — Vice President David Bristol. During this reporting period, the following buildings received Certificate of Occupancy. Business Name Hana Hibachi Address Area CO Issued Date 1151 South Preston Road, Suite 30 3,864 s . ft. 12/14/2018 Quest Diagnostics 500 Richland Boulevard, Suite 11 743 sq. ft. 12/19/2018 Serendipity Treats LLC 1101 South Preston Road, Suite 20 1,038 sa. ft. inI2619 The Lash Lounge 750 Richland Boulevard, Suite 40 1,205 s . ft. 1/24/2019 Pie Five Pizza 1101 South Preston Road, Suite 10 2,250 s . ft. 1/25/2019 The Chinese Neighbor 750 Richland Boulevard, Suite 90 1,570 s . ft. 5/8/2019 Panera Bread Company 581 Richland Boulevard 4,447 s . ft. 5/13/2019 Essentials PetCare Texas, LLC 500 Richland Boulevard Suite 402 1,306 s . ft. 5/15/2019 Olive Garden 1161 South Preston Road 7,821 s . ft. 5/16/2019 Firehouse Subs 1141 South Preston Road, Suite 20 1.700 s . ft. 6/12/2019 Sabaidee Lao & Thai Street Food 1111 South Preston Road, Suite 20 1,360 s . ft. 9/6/2019 Prosper TIRZ #1 Annual Report 2019 -3- AVMlIOI HINON SVIIVG EO ti h v o 0 0 0 0 0 o c FV� U Ln O m O Ln O m pp O g O (� N m 1- O O S O LA Ln v w m n W w t►i O Qi 00 O Ol O 1� 10 n 0 (D f 1 M Al rl cn N rl Lr. q VD V? t/} V). 0 V) V► QM LL 8 S S 8 S 8 S 8 C L]J o O 0 U1 p o 80S88Ln 0 0 o CD 8 -JO W lD N m v-4 fM N rl N^ Co V> V1 to t!r V► V} Vr C� �t F a $5888888 Lri o 0 0 0 0 0 o Lr: r- LA 0 8 q^ V4 w toact g k m La r% mi to ci Ln Ln v V v (14 Ln co Vi. 1 V L= t4 f 0 0 0 0 0 0 0 0 c Lli 0v 008888888' Ln o 00 rIq r� g ' ' o 0 o Lri C� w LO a 1A Ln N LA r Ln 00 m <n O N n N n to ET O n M A ti O m m W O U. 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LL �cj) Li Town of Prosper, Texas Tara Increment Reinvestment Zone #1 As of September 30, 2019 PUBLIC INFRASTRUCTUREBUILDING PROJECTS ROADWAYS 5ecbon A CIP Rwftmy 44-" Road 1,030 I LF 1� $M.00 j $746,750 00 1 1A Seebw 8 CIP Roadway 4-Lane Road 1,650 LF S7'S.00 SI-196,2W.WT 1A Section C CIP Roadway 44Am Road 2.130 LF S725.00 $1,544,250 00 1A Sesnon 0 CIP Roadway 4-Lane Road 1:290 LF S725.00 S935,250 00 1B See" E CIP 22ihn 4-L&* Road 1.9% LF SML-1 S1.442,750.00 18 seam F CIP Roadway 44Lane Rand 1.480 LF S725.00 $1,073.000.0C 18 5ecbon G T1RZ Prbk 4-Lane Road 1,670 LF SM-00 $1.210.750,00 2A Section H Developer Ro,3dway 4-Lane Road 460 LF S725.00 S333,500.00 2A section I TIE Ekgble PubkC Roadw-jy 44-M a Road 1 2 020 LF Sla_00 51.464, 500 00 2A Secban J Developer Roadway 3tarte Road M LF S425.00 5293--W OD 2A Section K 7f RE Public 34-w a Road 2.580 LF $425.00 $1,096,500,00 2A Section L TTIRZ EbWMe Put*c 34-Am Road 1,110 LF S425.00 $471.750.00 2A Section Y TM Pubic Rtw0mV 2-U" Road 1,040 LF S340.00 5353.600.00 2B Secbon N TTRZ Public 2-Lane Road 1.050 LF S340.00 S357A00.M 2B Section O CIP 4-Lane Road 900 LF S725.00 %S2,500.00 28 Section P CIP Roadway 4-Lane Road 470 LF S725.00 5340,750.00 28 Section O CIP 4-Lane Road 2.050 LF $7M.00 S1.4a6.'W.00 3A Section R TM Ebg-W Public Roadway 2mane Road 1,690 LF $3Q 00 S574,600 00 38 Section S nFZ EbgLble Ptbkc Roadway 2-Lw* Road 1.760 LF S340 00 S598,400.00 38 Section T I TIRZ Ebo* Public Roadway 4-Lane Road 360 LF S725.00 $261.000 00 38 Section U CIP 44AWW Road 990 LF S725.00 $717,750 00 38 Secban V CIP gommoy 44_arre Road L 870 1 LF 1 $725,00 5630.750 00 38 Section W CIP 4.Lane Road 1.190 LF $7a 00 $862,750.00 28 Section X CIP Pcoadway 4-Lane Road 2,650 LF $725.00 S1.921,250.00 4A 5ecbon Y CIP 4-Lane Road 820 LF ST25 00 S594,500 00 4A section Z CIP 4-Lane Road 2.600 LF S725.00 S1.8%.000.00 4A Section AA CIP Roadway 34"Road 1.205 LF $425.00 5512,125.00 1B 5ubdtUne1018 Roddwayrs :-Lane Road 5.100 LF MOD $1.786.0M.00 18 SWi-*5 nC101A Roadways 24-ane Road 13.650 LF S350.00 S47 7,500.00 1A Sub*swct 02 Developer 2 Lane Rasd 30.925 <F 5350.00 $10.823,750.00 2A SAbdsmct 03 Dev 2-Lane Road 10,000 LF 5350.00 33,500,000.00 38 Stbdistiid 04 Developer Roadways I City Std 31B 8 Roadway 9,565 LF $450.00 $4,304.2W.00 3A CIP Roadway: LENGTH- 23,315 SUBTOTAL- $16,541,875.00 TIRZ Ehipble Public Roadway LENGTH- 13,280 SUBTOTAL- $6,388,100 00 Developer Roadway LENGTH■ 70.390 SUBTOTAL■ S25,617,250.00 TOTAL ROADWAY: LENGTH- 106,965 SUBTOTAL- $48,747,Y25.00 Prosper TIRZ #1 Annual Report 2019 -15- Town of Prosper, Texas Tara Increment Reinvestment Zone #1 As of September 30 2019 ADDITIONAL ROADWAY ITEMS Preston Road CIP MILan and Tum L22d 2 LS $175AD0.00 I S35O,OOD.OD I 1A Pre>ltan Road ion Opening and Tom L22d 1 LS $175A00.00 S175,000 00 1A Munoe Locations CIP Traft S►9 Des. and Corot 9 LS 5235,000.D0 f2.115.00000 ALL Multiple Locations TIRZ Ey04xe Public Tralfc 549 Des And tonal 2—T LS S235,000.00 $470,000-00 ALL RrtrWMBlvd CIP TranitRowxWxafr 1 LS S250,0W.00 S2SO,O0000 18 Lovers Lane CIP RR CmmwV BrxVe 1 I LS IS55MOD0.001 S5.500.000M 1 4L Ail Developer Tralat Wpad Arlalpn (TIA) 1 LS SW.000.D0 $60.000 00 1A CIP Items- $8,215,D00.00 TIRZ Eligible Public items- S470,000 00 Developer 11enr¢ S235,000 00 SUBTOTAL= 58.920.000.00 TOTAL- $67,667,225.00 WASTEWATER Ljr= A arW C C IP Prgett T,.* Sevrcr Maan IL 1 U111t LS Coot PW Udt 35,210.000 0C T440 Cost $5 210 0OO 00 F 1 A 1 A Lne C-1 CIP Protect Ur SSWR 3,050 LF $5500 $167.750.00 1B Lane C-2 CIP Protect Ur SSWR 5.8?0 LF $55.00 S31-0,100.00 18 Lme D Denefoper tl B' SSWR 1.6W LF $45 00 $74,700 00 38 Lme E Developer Project T SSWR 1,460 LF $45.00 W5,700.00 38 Lme F Developer Prood B' SSWR 1320 LF $45 00 $68 a00 00 38 Line G Developer ftpd Ir SSWR 1.110 LF $45,00 S0,9%00 1A SubdaMid 0113 Developer kqW 8' SSWR 4.080 1 LF I S45.00 I 3183,600.D0 IB 5ubdrsdxi D1A Developer Prcoect 8' SSWR 10.920 1 LF I S45 00 j 5491.4W DO 1A Subd"Wid 02 Deveoper [ T SSWR 24.740 LF $45.00 S1 113.300.00 2A Subd"Mid 03 Deveooer Project r SSWR 8.000 LF $45 00 5360,000.00 30 Subdistrict 04 DereloW ftpd Ir SSWR 7.652 LF $45.00 S344,340.00 3A All Developer Prqect Maftr UhIrly Plan 1 LS S15O,000.00 $150,000.00 1A CIP Wastewater TIRZ Eligible Public Wastewater Developer Wastewater TOTAL WASTEWATER: TOTAL= $5,697,650.00 TOTAL- TOTAL- $2,901,390.00 TOTAL- S8,599,240.00 Prosper TIRZ #1 Annual Report 2019 -16- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 WATER CIP Line 1 CIP $10M `Wi 0- Watere 6,300 LF LkML $I O0 S1.291.500 00 is CIP Line 2 CIP IS' Wawbw 5,280 LF $190.00 $1.003,200 00 2A CIP Line 3e CIP 16' Wahmh L1A w LF 3190.00 S353,400 00 30 CIP Line 3b CIP 12"Waterline 1,050 LF S100.00 5105.000 00 38 SeCbM A r1RZ E1rgdge Pubic kqo 12" Waterw a 9% LF $100.00 S99,000 00 IA 5e0on 8 IRZ E Pubic 1r Wa4erline 1.510 LF S100.00 S151,000.0o 1A Secllon C IRZ EbgdAe Pubic Prqetj 12' Waterline 2,180 LF $100.00 i218.000.00 1A Section D 1RZ EbgOe Pubic Pqeq 1 r War wkw 1,240 LF $100.00 $124,000.00 le SectimE IRZ Pubic Pqecl 12' Waterline 1,940 LF $10000 $194,000.00 IB Section F FIRZ Elogible Public 12- Waterline 1.480 LF $100.00 S148,000.Do I Section G IRZ EbpAk Pubiac ProjeA 1r Waterline 1,650 LF $100 00 $165,W0.00 ZA Section M Developer Pro)W 12' Wa terlim 460 LF S100 00 $46,000 00 .A Section 1 IRZ E Pubic Prapt4 Ir Waiertine 2,040 LF $100 00 $204.000.00 2A SecWn K IRZ Ebpble Rabic Eqd Ir Wak"ne 1,710 LF S100.00 S171.000.00 2A Section L tnRZ Elayabb Pubic "ecl Ir waterline 1,050 LF $100 00 S105,000 00 2A Section 1A IRZ E e Prb4c Prqed IZ"A'3terbrie 1.040 LF $100,00 S104,000.00 20 Section O IRZ E Pubic 12- Watedrr* 900 LF $100,00 S90,000 00 2B Section P 1RZ E Pubic 12' Water4ne 470 LF I S100.00_1 S47,000 00 2B Section O 1RZ Eirgrble Pubic Prof 12Waterline ZOO LF 5100 00 S205.000.00 3A Section R ITIRZ E Public 1: watedlr* 1.450 LF $100 00 $145,000.00 3B Section T IiiZ E e Pubic 1r waterline 600 LF $100 00 SW.DDU.00__l 38 Section W IRZ EbgMe Public Prgc 12' Waternnn 1.190 LF $100.00 $1 19,000.00 20 Section K IRZ F-hwMe Pubic P"e4 1.7 Waftw6w 2,650 LF F 5100.00 $265,000.00 4A Subdastricl. 01B De"lopu Rged r it 1r waterline 5.100 LF SS8.00 S-295,800 00 1B Subdastnd 01A Developer ftject 6" 6 12' Walerim 13.650 LF SW.00 $791.700.00 IA SubdmWct 02 Devekoff PtCiw 6.8 1r Waterton 36.925 LF smoo Si,793.6%eo 2A 5tWsMd 03 Developer ftled it 8 12' waterla+e 10.000 LF SW,00 $580,000.00 3B SubdrBtnct 04 Developer ftlect r waterline 9,565 LF $40 00 S382,600.00 3A CIP Water TIRZ Eligible Public Water Developer Water TOTAL WATER: LENGTH- 14,490 LENGTH- 26,140 LENGTH- 69.700 LENGTH- 110,330 TOTAL- $2,753,100.00 TOTAL- $2,614,000 00 TOTAL- $3,889,750.00 TOTAL- $9,256,850.00 Prosper TIRZ #1 Annual Report 2019 -17- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 DRAWAGE 00=00M Lmxe A-1 trlRz Ebb* Public Prow heal 4 - B'x4' UBC 180 1 LF S1.100.00 S198.000.00 2A Lme A-2 R2 Public 2 - 8'x4' NBC 1,440 LF S_e80.00 $835,200.00 2A Laic A-3 TIRZ r-I PWAs, Pi 1O-R4' MCB 1,100 Lr 3 moo 334 ,0OOA0 2A LM ^4 IRZ El Publik - 8'x4' NBC 130 LF v80 00 $75,400 0O 2A Line A3 ffiRZ E Pubic WNW RCS 1,060 LF S_10.00 S32fi,600A0 2A 2 - B'x4' NBC 610 LF S_e80.00 S353,900.00 2A I -a* U-1 L*Veloper W01ect L- IU'x4- MbL AV Lt 3t1U uu i14a.GUl] UU 3b Lme 13-2 Develiper Prated 2 - 10'x4' NBC 310 LF WM.00 $192,200-DO 3B Lme B-3 Deveooper Rolect 2 - 8'x4' NBC 870 LF 3:80 00 SUf &,600.00 38 LM EA Dev -4w Pinoct 2- 10'xa' M6C 560 LF SE20 00 S347,200.DO 38 Line B-5 CIF PrWd 6 x3' RCB 710 LF SMODO $142,000 0D 1B 2 - 6'x3' NSC 610 LF S400.00 5244,000.0D 1B -tfx4'ORY.; bw Lk iUMM SM-l'UMM 1b Ur" RC9 120 LF S -10 00 $37,200.00 18 - 8'x4' UBC 2% LF W0.00 S16a 200 00 18 Um e-6 Develper kqed Sx3' RCB 64D LF S180.00 S115.200.00 3A 6 x3' RCS 9W LF 5:00.OQ 3192.000.00 3A LM B-7 CIF PFWCt 8'x3' RCB 380 LF 5:80 00 3106.400 00 20 1.4v C-1 Develmer Proletl 2 - 8'x4' NBC 770 LF S!80.00 S446.600 00 1A Line C-2 Devtk>Ddr Project : - 9'x4' NBC 970 LF SM-00 S582,0W-0D 1A Lope C-3 CIP mwu 2 - 6'A4' NDC 630 LF W&00 3105.400.00 1A GP Storm: LENGTH- 1.400 TOTAL- S1,446,000.0C TIU Eligible Public Storm LENGTH- 5,840 T DTAO $2,132,000.0C 'Developer itorm TOTAL- S2,528,600.0C TOTAL STORM: LENGTH& 13.240 TOTAL= S6.106.600.0C DETENTIONSTUDIES 'Developer Prged I DelenftiftRewoon Ponds 1 LS S3,09,500.06 S3.4S9,500DC Pura ALL 'Deveiam groped N13sW DrMwoe0et Ran t 1 I LS I S150,OD0 00 I S150,OC10.00 1A MMIUTAL= 53.649.500.UL ')-*If of the Developer Drairuse and Dctenba+ Cost is TIRZ eho ble per he ong nal Development and Financing A6reemew. TOTALSTORM- $9,7%,100.0C Prosper TIRZ #1 Annual Report 2019 -18- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30. 2019 PUBLIC ELECTRICAL DUCT BANK Section A WA Pubic Electnwl Duct Bank 1.030 LF Cou Per Unit 5250.00 TORM S_157.500.00 1A Section C WA Pubic Electrical Duct Bank 2.130 LF 5250.00 s532.500.00 1A Section D WA Pubk Ekdncal Duct Bank I-1W LF W50.00 $322.500.00 10 S"bon F WA Pubk Eledncal Duct Bank 1.480 LF #Z50.00 5370,00D.00 1B Section G WA Pubic Eksdrical Duct Belli t,670 LF 5250.00 5417,500.00 2A Section I WA Pubic Eledncd Duct Bartle 2.020 LF s250.00 3505,000.00 2A Seebw J WA Pubic Eledncal Dud Bank S0 LF s250.00 5172.SW.00 2A Section 0 WA Pubic Btmtrfml Duct Bank 900 LF UW-00 $ ►s.mD.00 zB Section R WA Pubic Elecmcel Duct Bartle 990 LF &M 00 S247,S00.0D 2B Internal WA Pubic E*dncal Duct Bell 4,630 LF $250.00 51,157,500.00 4A From Secttort J North 1n First Street Intemal I WA Pubic EWOM91 Duct Bartle 1,050 LF 5250.00 SM2,500.00 38 From Section R West to Rarroad k't WT-4 l WA Pubic Ek MCM Duct Bank 4.240 LF 5250.00 $1 %0.000 00 1 B From rrrtersecbon of Preston and Richrand NE akXV Preston to Fist Street TTR2 StSlble CIP hems Subtotal- TIRZ Vig bte PublK Items Subtotal- S2,SOd.000.00 Developer Rems Subtotal- 53,030,000.00 TOTAL DUCT BANK LENGTH- 22,120 TOTAL- SS.S3o,000.00 Prosper TIRZ #1 Annual Report 2019 -19- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 AMENITIES CIP Items Subtotal $0.00 Pubic Items Subtotal S4,137,SOOA0 Developer Items Subtotal 54,337,500.00 Amenities Subtotal 58,47S,000.00 I_ITIt. ITY RIF I UI. ATIUNS iectiurt TIRZ FJObie Pubk Pro$ec US M Otirrhead to Duct I LS I S2.200.000.00 $2.200.000.00 :A TIRZ El9ble Pubic kopc Bovines. 289 Overt W to C-c 1 LS I S450.000.00 I s450.000.00 38 TIRZ Eligible Pubic Pratec First Street Ovemew to Duct I 1 I LS jS1,2W.00D-0Dj S1.240.000.00 4A CIP hems Subtotal *TIRZ Eligible Pubk Items Subtotal S1,92S,000A0 •Developer hems Subtotal S1,92S,000.00 SUBTOTAL- S3,8S4.000.00 •50% Of ttte Utility miocalion are TIRZ eiyble as per Ov ongmW De:e'opwent and RnenaN A¢eestnari, OTHER MIS,--. ITEMS CIP Items Subtotal $0.00 Pubic Items Subtotal %00 Developer Items Subtotal $0.00 SUBTOTAL= 50.00 TOTAL- 5 L2.315,000.00 Prosper TIRZ #1 Annual Report 2019 -20- Town of Prosper, Texas Tau Increment Reinvestment Zone #1 As of September 30, 2019 CAPITAL IMPROVEMENT PLAN BUDGET Reimbursement Request No. 5 - June 1, 2019 Payee Project Purpose Amount Kimley Horn Richland & Lovers Engineering and Surveying 1,368.50 Kimley Horn Richland & Lovers Landscape Architecture 2,783.75 Kimley Horn Richland & Lovers Landscape Architecture 3,175.00 Kirnlev Horn Richland & Lovers Landscape Architecture 2,408.75 Kimley Horn Richland & Lovers Landscape Architecture 2,648.75 Kimley Horn Richland & Lovers Landscape Architecture 1,578.75 2,840.00 Kimley Horn Richland & Lovers Landsca a Architecture Kimley Horn Richland & Lovers Landscape Architecture 1,138.75 Kirnley Horn Richland & Lovers Landscape Architecture 518.13 Cambridge Fence Services Richland & Lovers I Fence along Grace Ha a ROW 7,100.00 Total Richland & Lovers $25,560.38 Mario Sinacola & Sons Excay. Gates Phase 1 Richland, Lovers, Detention Pond 69 364.37 Mario Sinacola & Sons Excav_ Gates Phase 1 Richland Lovers, Detention Pond 105,623.80 Lone Star Fountains Gates Phase 1 Fountain at Enta 16,791.74 Durable Specialties, Inc. Gates Phase 1 Traffic Signal at Lovers and 380 45 236.63 Consolidated Traffic Controls Gates Phase 1 Traffic Signal at Lovers and 380 21 036.00 Walton Si na e, LTD Gates Phase 1 Entry Fountain Si na a 18,516.98 Walton Si na e, LTD Gates Phase 1 Ent Fountain Si na e Ent Fountain Si na a 7,897.69 8,732.01 Si na e, LTD Gates Phase 1Walton Total Gates Phase 1 $293,199.22 Kimley Horn Gates Phase 2 Engineering and Survey 247.327.50 Mario Sinacola & Sons Excay. Gates Phase 2 Gates Phase 2 Grading Detention Pond, Richland Lovers, Coleman 105,306.30 Mario Sinacola & Sons Excay. Utl. Detention pond, Richland, Lovers, Coleman 135,270.00 Mario Sinacola & Sons Excay. Gates Phase 2 Grading Detention Pond, Richland, Lovers, Coleman 28,646.18 Mario Sinacola & Sons Excay. Gates Phase 2 Grading Detention Pond Richland, Lovers Coleman 21 439.98 Mario Sinacola & Sons Excay. Gates Phase 2 Utl. Detention pond, Richland, Lovers, Coleman 579,832.72 Mario Sinacola & Sons Excay. Gates Phase 2 Grading Detention Pond, Richland, Lovers, Coleman 16 110.25 Mario Sinacola & Sons Excay. Gates Phase 2 Grading Detention Pond, Richland, Lovers, Coleman 32,221.93 Mario Sinacola & Sons Excay. Gates Phase 2 Utl. Detention pond, Richland, Lovers, Coleman 645,857.10 Mario Sinacola & Sons Excay. Gates Phase 2 Utl. Detention pond, Richland Lovers, Coleman 545,642.49 Mario Sinacola & Sons Excay. Gates Phase 2 Grading Detention Pond, Richland, Lovers, Coleman 56,387.53 Mario Sinacola & Sons Excay. Gates Phase 2 Utl. Detention pond, Richland, Lovers, Coleman 353627.40 Rone Engineering Gates Phase 2 Original Geotechnical Investigation Public Borings) 17 873.00 Rone Engineering Gates Phase 2 Testing -Detention pond, Richland, Lovers, Coleman 2,351.45 Rone Engineering Gates Phase 2 Testing -Detention pond, Richland, Lovers, Coleman 357.85 Rone Engineering Gates Phase 2 Testing -Detention jRond, Richland Lovers Coleman 2.592.10 Rone Engineering Gates Phase 2 Testing -Detention pond, Richland Lovers Coleman 4,778.05 Rone Engineering.Gates Phase 2 Testing -Detention pond, Richland, Lovers, Coleman 7,200.87 Rone Engineering Gates Phase 2 Testing -Detention pond, Richland, Lovers, Coleman 3,819.00 Total Gates Phase 2 $2,488,641.70 Interest 3.5% $317 623.31 Total Due Reimbursement #5 $3,125 024.61 Reimbursement No. 1 FY15 4,110,750.63 Reimbursement No. 2 FY16 FY17 2,867 876.09 Reimbursement No. 3 2,118,275.54 Reimbursement No. 4 f. FY18 2,809,767.19 Total Billed To Date $15,031,694.06 Prosper TIRZ #1 Annual Report 2019 -21- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 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: $ 1,475,502 Total Revenue 2. Amount and purpose of expenditures from the fund: $ 1,512,589 Total Expenditures 3. Amount of Principal and Interest due on outstanding indebtedness is as follows: A. Contributions /Advances from developers— $10,496,427.88 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 2018: Taxing Net Taxable Value Base Year* Captured App. Value Jurisdiction Tax Year Value (with AG) Fiscal Year 2018 Jan. 1, 2008 2018-2019 Town of Prosper $85,934,558 $4,507,850 $81,426,708 Collin County $85,934,558 $4,507,850 $81,426,708 B. Tax Increment base and expected captured appraised value for Tax Year 2019: Taxing Net Taxable Value Base Year* Captured App. Value Jurisdiction Tax Year Value (with AG) Fiscal Year 2019 Jan. 1, 2008 2019-2020 Town of Prosper $110,997,781 $4,507,850 $106,489,931 Collin County $110,997,781 $4,507,850 $106,489,931 * Base Year Value as of January 1, 2008, is for Fiscal Year 2007-2008. 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 2018-2019: Taxing Jurisdiction Participation Per $100Nalue Town of Prosper (70%) $ 0.520000 Collin County (50%) $ 0.180785 Total $ 0.700785 Amount of Fiscal Year 2017-2018 Increment 340,626 73,604 414,230 B. Amount of tax increment received in 2019 from the municipality and the other taxing jurisdictions based on 2018 valuations: $ 414,230. Prosper TIRZ #1 Arinual Report 2019 -22- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 34 2419 ANNUAL FINANCIAL REPORT C. Expected appraised value shared by the municipality and other participating taxing jurisdictions to be received in Fiscal Year 2019-2020: Taxing Jurisdiction Town of Prosper (70%) Collin County (50%) Total D. Other information: None Participation Per $10ONalue $ 0.520000 $ 0.174951 $ 0.694951 Amount of Fiscal Year 2019-2020 Increment $ 387,623 $ 93,152 $ 480,775 Prosper TIRZ #1 Annual Report 2019 -23- (Beginning Balance: Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 TIRZ FUND FINANCIAL STATEMENT 10101118 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: 09130119 CAPITAL DEBT PROJECTS SERVICE TOTAL $ 293,553 $ - $ 293,553 1 $ 296,393 $ 73,604 44,233 927,424 19,868 11,852 92,173 9,955 $ 1,475,502 $ 74 53,285 140,509 1,183,131 9,000 126,590 $ 1,512,589 $ $ 296,393 73,604 44,233 927,424 19,868 11,852 92,173 - 9,9551 $ 1,475,502 - 74 - 53,285 - 140,509 - 1,183,131 - 9,000 126,590 $ 1,512,589 $ 256,466 $ - $ 256,4661 Prosper TIRZ #1 Annual Report 2019 -24- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 TIRZ 1 District Apricalbnal Land _ Exempt Properties Properties Not Applicable to Rollback Tax Rollback Taxes Collected As of September 30,,�2019 i rr-orelt.q Tax FoIlkalcL 0 0.125 025 0.5 1Ni1@a Updated January 2020 Prosper TIRZ #1 Annual Report 2019 -25- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 TIRZ #1 STATUS STATUS Complete Under Construction Undeveloped 0 0.125 0.25 0.5 Miles Updated January 2020 Prosper TIRZ #1 Annual Report 2019 -26- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 REVENUES & EXPENDITURES ROLLBACK TAX REVENUE Collected in Fiscal Year 2017 Collin County Collin College Prosper ISD Town of Prosper Total 2010 26,367.06 9,481.15 179,076.09 57,128.58 272,052.88 2011 25,008.06 8,992.48 174,014.48 54,184.15 262,199.17 2012 23,633.32 8,498.06 164,448.53 51,205.53 247,785.44 2013 21,708.96 7,645.48 152,648.25 47,531.19 229,533.88 2014 25,225.28 8,797.72 179,260.51 55,817.65 269,101.16 TOTAL BY ENTITY 121,942.68 43,414.89 849,447.86 265,867.10 1,280,672.53 Rollback Tax Revenue 250,000,00 200,000.00 150,000,00 100,000.00 50,000.00 0.00 1=111 1=111 will 1=111 , 2010 2011 2012 2013 2014 ■ Collin County r Collin College a Prosper ISD ■ Town of Prosper ■Total Prosper TIRZ #1 Annual Report 2019 -27- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 Collected in Fiscal Year 2019 Collin County Collin College Prosper ISD Town of Prosper Total 2013 3,797.76 1,337.50 26, 704.27 8,315.10 40,154.63 2014 3,563.16 1,242.71 25, 321.12 r 7,884.42 38, 011.41 2015 4,147.60 1,510.83 30, 784.42 F 9,585.57 46, 028.42 2016 3,618.79 1,410.42 28,999.65 9,029.84 43,058.70 2017 3,481.92 1,445.51 30, 246.73 r 9,418.14 44, 592.30 TOTAL BY ENTITY 18, 609.23 6,946.97 142,056.19 44, 233.07 211, 845.46 Rollback Tax Revenue 50,000.00 45,000.00 40, 000.00 3 5,000.00 30,000.00 25,000.00 20,000.00 15,000.00 10, 000.00 5,000.00 M, � . ow ■M I ■= 2013 2014 2015 2016 2017 * Collin County Collin College Prosper ISD ap Town of Prosper ■ Total Prosper TIRZ #1 Annual Report 2019 -28- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 PROPERTY TAX REVENUE Property Taxes (Town)-70% Date Appraised Value Less Base Value Tax Rate Amount TIRZ Total 3/12/2019 85,934,558 4,507,850 0.520000 423,419 296.393 Property Taxes (County)-50% Date Appraised Value Less Base Value Tax Rate Amount TIRZ Total 3/12/2019 85,934,558 4,507,850 0.180785 147,207 73,604 Prosper ISD Date Appraised Value Tax Rate Total 3/12/2019 85,934,558 1.670000 1,435,107 *Prosper ISD tax revenue is not reported to TIRZ—information only Appraised Value 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 2014 2015 2016 2017 2018 2019 -Appraised Value Property Tax Revenue 2014 2015 2016 2017 2018 2019 Town -County PISD -Total Prosper TIRZ #1 Annual Report 2019 -29- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of September 30, 2019 REVENUES & EXPENDITURES IMPACT FEES REVENUE EAST THOROUGHFARE Project Permit Number Site Addre s s Amount Paid Date Olive Garden COM18-0025 1161 S. Preston Road $43,265.70 10/25/2018 7-Eleven COM18-0024 390 S. Preston Road $40,944.00 3/29/2019 Barnfight Kids Dental F019-0012 917 S. Preston Road $7,962.97 6/18/2019 Total $92,172.67 WATER Project Permit Number Site Address Amount Paid Date Olive Garden COM18-0025 1161 S. Preston Road $12,226.00 10/25/2018 7-Eleven COM18-0024 390 S. Preston Road $7,642.00 3/29/2019 Total $19,868.00 WASTEWATER Proje ct Permit Number Site Addre s s Amount Paid Date Olive Garden COM18-0025 1161 S. Preston Road $9,030.00 10/25/2018 7-Eleven COM18-0024 390 S. Preston Road $2,822.00 3/29/2019 Total $11,852.00 Grand Total $123,892.67 Prosper TIRZ #1 Annual Report 2019 -30- Town of Prosper, Texas Tax Increment Reinvestment Zone #1 As of Seutemher 30, 2012 REVENUES & TIRZ EXPENDITURES PAYMENT SUMMARIES By Project: TIRZ 1 Totals MDB Sewer Richland & Lovers Gates Phase 1 Gates Phase 2 Lovers Lane SH289 Median Openings Interest Construction Total Totals .Amount 5,802,88139 371 316.79 5,022,242D2 2,518,716,90 3,355.75 335 233.80 977 947,20 14 053 746.85 15 031 694,05 Paid 544 065.73 353 804.16 2,311,859.53 9,000.00 3,355,75 335 33.80 977 47.20 3 557 318-97 4 535 266.17 Remaining 5,258,81S.86 17 512.63 2,710,392.49 2,509,716.90 10 496 427.88 10,496,427.88 By Payment Request: MDB Sewer Richland & Lovers Gates Phase 1 Gates Phase 2 Lovers Lane Penin sngs289 SHOpenings O Interest Amount 3,636,320.41 139,196.42 335,233.80 4,110,750.63 Reimbursement #1 Totals Paid 544,065.73 139,196.42 335,233.80 1,018,495.95 Remaining 3,092,254.68 - 3,092,254.68 Amount 2,127,917.68 47,549.09 545.177.30 3,355.75 143,876.27 2,867,876.09 Reimbursement #2 Totals Paid 47.549.09 545,177.30 3.355.75 143,876.27 739,958.41 Remaining 2,127,917.68 - - 2,127,917.68 Amount 38,643.50 26,549.41 1,804,866.36 9,000.00 239,216.27 2,118,275.54 Reimbursement #13Totals Paid 26,549.41 1,766,682.23 9,000.00 239,216.27 2,041,447.91 Remaining 38,643.50 - 38,184.13 - - 76,827.63 Amount 132,461.49 2,378,999.15 21,075.20 277,231.35 2,809,767.19 Reimbursement 04 Totals Paid 132,461.49 - 277,231.35 409,692.84 Remaining - 2,378,999.15 21,075.20 - 2,400,074.35 Amount 25,560.38 293,199.21 2.488.641.70 317,623.31 3,125 024.60 Reimbursement #5 Totals Paid 8,047.75 - 317,623.31 325,671.06 Remaining 17,512.63 1 293,199.21 1 2,488,641.70 - 2,799,353.54 By Payments Made: Total Char es 1 2-Ma -2D17 23-A -2017 22-Jun-2018 24-Se -2018 30-Ma -2039 20-se -2019 202D 2021 Total Pa menu a"'Kn Balance Total Pa ment interest 977 947.2➢ 54).18400 1 383 14.17 631,822.57 1,878.37 1.655.711.08 191,03368 277 231.35 191,033 6B 1,178 853.29 333.66155 1 1 4.535.266 17 126 589.63 977 947.20 Construction Costs 14 053 746.85 158 69.83 1 633,944201 3,378 479-73 1,052 263.66 1, 333.661.55 1 3 557 318-97 _ 10 8 427.88 Prosper TIRZ #1 Annual Report 2019 -31-