2020 TIRZ No. 1 Annual ReportTown of Prosper, Texas
Tax Increment Reinvestment Zone #1
i
TOWN
SP
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
(TIRZ #1)
ANNUAL REPORT
2020
Prosper TIRZ #1 Annual Report 2020
-1-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 302020
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 2020
-2-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 34 2020
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.
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. The fifth annual TIRZ Board of Directors meeting was held on
January 28, 2020. This is the sixth year that the board has reviewed the annual report.
Board members appointed and currently serving are: Town —Mayor Ray Smith, Mayor Pro-Tem Jason
Dixon, Deputy Mayor Pro-Tem Craig Andres, and Councilmembers Marcus E. Ray, Amy Bartley, 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
Address
Area
CO Issued Date
JAMES AVERY
1141 S PRESTON ROAD, SUITE 30
2,887
171,356
3/19/2020
GATES OF PROSPER, PHASE 2 - BUILDING B
-930, 940, 950, 960, 970, & 980 S PRESTON ROAD
6/25/2020
GATES OF PROSPER, PHASE 2 - BUILDING D
1070 S PRESTON ROAD
17,376
6/25/2020
GATES OF PROSPER, PHASE 2 - BUILDING E
1100 S PRESTON ROAD
7,752
6/25/2020
GATES OF PROSPER, PHASE 2 - BUILDING F
I I10 S PRESTON ROAD
7,752
6/25/2020
GATES OF PROSPER, PHASE 2 - BUILDING C
900 S PRESTON ROAD
17,595
6/25/2020
KOHL'S - SHELL BUILDING
920 S PRESTON ROAD
55,222
6/25/2020
GATES OF PROSPER, PHASE 2 -BUILDING I
880 S PRESTON ROAD
8,069
6/25/2020
GATES OF PROSPER, PHASE 2 - BUILDING A
1000 S PRESTON ROAD
34,600
9/29/2020
PROSPER POLICE STATION AND DISPATCH
801 SAFETY WAY
23,159
6/29/2020
Prosper TIRZ #1 Annual Report 2020
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Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
PUBLIC INFRASTRUCTURE/BUILDING PROJECTS
ROADWAYS
IMm
Secbon A
C1P
44.ane Road
1 1.030 1
LF
1 5725.00
1 $746,750.00
1A
5ecbon 8
CIP Roodws
4-Lane Road
1,650
LF
$725.00
$1.196,250.00
1A
Secbon C
CIP
44-we Road
1 2,130
LF
S725.00
51,544,25D 00
1A
Secton 0
CIP Rowaw,r
44mm Road
1 12290
LF
$725.00
5935.250 OD
18
Section E
CIP Roadway
4-Lane Road
1 1.9%
LF
S725.00
$1.442,750.00
18
Secbon F
CIP ROadwa
4-Lane Road
I 1.480
LF
$725.00
$1.073,OW.00
18
Section G
TTRz ptet Put*, Rwd*ayl
44im Road
1 1.670
LF
$M-00
S1-210JW.00
2A
Section H1
I OeveloW Roadway
L 4-Lane Road
1 460 1
LF
1 $725.00
1 $333.500.00
2A
Secton I
TIRZ 89ble Public Roadway
4-Lane, Road
2,020
LF
$725.00
$1,464,500.00
2A
Sector J
Oe+roloper Roadway
3-Laft Read
690
LF
$425 W
$293250.00
2A
Sacbon K
T1 E Public Ros&=yj
3-Lane Road
2,550 I
LF
1 $425.00
$1 0%,500.00
2A
Secban L
nFtz Public
harm Road
1.110 1
LF
I 5425.0D
$471,750.00
2A
Secbpn M
TIRZ Pubfc
2-Lane Road
T 1,040
LF
S34D.00
S353,800.00
2B
Secton N
T1RZ PubhC
24," Road
1,050
LF
S340.00
S357,000 00
28
Section 0
CIP
4-Lane Road
WO
LF
S7MA0
5852,500 00 1
28
Secbon P
CIP Roaftay
44,anc Road
4M
LF
S73-00
S34O,7W
28
Secban O
CIP Roadwa
4-Lane Road
2.OSO
LF
I SM.00L51.4862500D
I
3A
Secncm R
TIRZ Eligible Public Roadway
2-Lww Road
1,6W
LF
5340.00
$574,6W 00
38
S&COM 5
JTIRZ ETiq W Public Roadway
24.au,!e Road
1.760
LF
S340.00
5598,400 W
38
Seduon T
TIRZ Ebgeb Public Roadway
4-Lane Road
t 360 1
LF
I $725.00
1 $261,DDO 00
38
Secbm U
CIP
4-Lom Road
I 960 I
LF j
S725.00
1 $717,750 00
38
5emn V
CIP Rwawa
"am ROM
L 870 1
LF
I $725.00
I $630.750.00 I
38
5etun W
CIP
4-Lane Road
1.190
LF
$725.00
$862,750.00
28
Secbon X
CIP Roadwa
44-" Road
2,850
LF
5725.00
$1,921.250.00 r
4A
5ecbon Y
CIP Roadwzy
44.ane Road
$20
LF
5725.00
S594,500 OD
4A
Secbon Z
CIP Fiwadway
44." Revd
:,600
LF
ST25.00
$1.885.000 00
4A
Sedon AA
CIP Roadway
34im Rood
1.205
LF
S425.00
S512,125.00
18
SubdOM 018
De -eloper RoaMWo
2-Lane Road
5.100
LF
I 5350.00
$1.7M000.00
1e
5ubdn"W 01A
DeveloM
2-Lane Road
T 13,650 I
LF
I S350.00
S4.777,500.00
1A
& b&*td 02
Deve+op&
24.ane Road
34,925
LF
535 m
E10.B23,750.Do
ZA
;"bduwKt 03
Dm efter
24.ene Road
10.00D
LF
S350.00
S3,5W.W0.00
38
Sul4r5WCt Da
DeveWper
CRy Sid 31' B4B
9.So
LF
3450.00
$4.W4.250.00
3A
CIP Roadway:
LENGTH-
23.315
SUBTOTAL-
$16,541,875.00
TIRZ Elll0ble Public Roadway
LENGTH-
13,280
SUBTOTAL-
$6,388,100.00
Developer Roadway
LENGTH-
70,390
SUBTOTAL■
S25,817,250.00
TOTAL ROADWAY:
LENGTH-
106,985
SUBTOTAL-
548,747,225.00
Prosper TIRZ #1 Annual Report 2020
-15-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
ADDITIONAL ROADWAY ITEMS
Prestim ROM
CIP
MLdE OPMN and Turn
2
LS
I 5175.000.00
$350,000 OC
ROSE
t
Preto n Road
Developer
and Turn L2r4
J
1
LS
5175,000.00
5175,000 DO
t
Multiple Locations
Cp
TMfOc Sy Des. end Cant-
9—T
LS
$235,000.00
$2,115,000 00
ALL
Multiple Locations
TIRZ Eligible Public
Traft Sip Des And col
2
t LS
1 $235.000.00
$470.000 00
ALL
RrcNmV BPvd
CIP
Trafllc Rourndabout
1
I LS
I S_-W.DDO00
S-'S0,00000
10
Lords Lane
CIP
RR C
1-1
LS
55.500.W0.00
S55OO.DOD.00 1
4A
Ail
Developer
7rAc Impost ArMdyara MA] I
1
I LS
I 560,0W.00 I
S60,OOO 00 1
1A
CIP Items- $8,215,000.00
TIRZ Eligible Pubtic tte s- 5470,000.00
Developer riems• 5235,ODD OD
%MTOTAL= 58,920,000.00
TOTAL- $57,667.225.00
WASTEWATER
Lorca A and C
CIP Prated
Tnv* Surer Mam
1 I
LS
I$S,210,000001
55.210 DDO OO
TA
role C-1
CIP Protect
Hr SSWR
3,050 I
LF
t S5510 I
5167,750.00
1B
Lore C-2
CIP Protect
Hr SSWR
5.820
LF
S5S.D0
5320,100.00
1B
Lore D
Develow
8' SSWR
1 6W
LF
545.00
574,700 DO
36
Line E
Develope Protect
6 SSWkR
1,460
LF
US.00
565,700 00
38
Lme F
Developer Project
8' SSWR
1,520
LF
545.00
$68 400.00
38
Line G
Developer ftpd
8' SSVVR
1.110
LF
$45 00
$49,950.00
1A
Subdalict01B
Developer
rSSWR
4,080
LF
$4500 1
5183,60D.00
18
Subdierid 01A
Developer Rmpd
8' SSWR
10.920 1
LF
$45.00
$491.4W O0 I
1A
Subdn&k:t02
Developer
TSSWR
24740
LF
345.00
$1.113,30040
2A
Subd"ict 03
Developer Proleel
B' SSWR
8.000
LF
$45.00
f360,000.00
38
Subcbstna D4
Developer A,4ed
W SSWR
7.652
LF
$45.00
$344,340.00
3A
All
Developer Project
Maider Ubl Plan
1
LS
5150,000 00
$150,000.D0
1A
CIP Wastewater
TIRZ Eligible Pudic Wastewater
Developer Wastewater:
TOTAL WASTEWATER:
TOTAL=
55,697,850.00
TOTAL-
TOTAL-
$2,901,390.00
TOTAL-
$8,599,240.00
Prosper TIRZ #1 Annual Report 2020
-16-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
WATER
Line t
CtP
:'W Waterline
6.300
UM
LF
S<MS00
1 $1291.50000 1
15
CIP Line 2
CIP
16' wale""
5,280
LF
$190.00
S1 A03.200 00
2A
CIP Lne 3a
CIP
16' Waterlime
1.860
LF
S190,00
S353.400.DD
3B
CIP Lane 3b
CIP
12' Waabmtm
1.050
LF
$100,00
$105,000.0D
38
Section A
r1RZ Etrg"e Public PmKo
12' Waterline
990
LF
$100 00
$99.000 00
1A
Section B
RE Rubic P19,54
12' Waterline
1310
LF
$100.00
$151,DDOA0
1A
section C
IRZ Eligible Pubic
42, waterirle
2160
LF
$100 00
$ 218.000.00
1A
Section ❑
rlRZ E1uagMie Pubic "ecj
12' WatMne
1,240
LF
$100 00
S124,000.00
tE'
section E
IRZ E Public Prq
12' Walerve
1.940
LF
$100.00
S194,000.00
18
section F
I RZ Ebpble Pubic
12' wools
1 AW
LF
S 100.00
S 148,000.00
Is
Section G
1R2 P *c
12' WaWrime
1,650
LF
L $100 00
1 $165,D00.00
2A
Sechorl H
Developer Protect
12' Waoertne
460
LF
$100 00
W,DDO DD
2A
Section I
IRZ Eligible PW* "ecl
IT Waterline
2,040
LF
$100,00
S204,0D000
2A
Secton K
1RZ E Pubic Pqed
12' Wa6erbm
1.710 J
LF
$100.00
S171,00D OO
2A
Settioa L
VIRZ Elglble PMc Prqe4
121 Waatertne
1,050
LF
$100.00
$105,000,00
2A
Section M
iR2 Eligible Public P"ecl
12' Wawrww
1,040
LF
$100.00
Si D4,000.00
2$
section O
RZ Public "eel
12' Wabertne
90D
LF
$100.00
S90,DDO.DO
28
Section P
1RZ E e Public "eci
12, waaterine
470
LF
$100.00
S47,ODD DO
2B
Section Q
rlRz ESq w Pubic PMje4
12' Wateil
2.050
LF
$100.00
SM.000.00
3A
Section R
IRZ Pubic
121 Walertne
1.450
LF
$100.00
$145.DOO DO
38
Section 7
IRZ 090e Public a
12' Watertne
600
LF
$100.00
S60,000 00
38
Section W
IRZ EbgOe Pubic P"eA
12' WaaterbrIe
1,190
LF
$100.00
$119,DOO.00
ZB
Section x
IRZ Public Pmfecj
12' Waterline
2,6SO
LF
$100.00
SNS,000.00
4A
Subistrid 018
Developer ftpct
8' b 12- WaterWw
5.100
LF
SW 00
$295,800 00
Is
SubdroUxt 0 1 A
Developer Propci
8' a 12' vywArw*
13,650
LF
S58.00
$791.700.00
1A
Subdratrict 02
Developer Prolect
8' a 12' WaWbm
30,925
LF
S58 00
$1,793,650,00
2A
Su WmMd 03
Davelaper Rwd
8' a 12- Waterine
10,OD0
LF
558.00
5580,000.00
38
Subairatrict Da
Developer PMpCI
8' Waterline
9.565
LF
$40 00
5382,60D.0D
3A
CIP Water
TIRZ Eli6rble Public Water
Developer Water
TOTAL WATER:
LENGTH- 14,490
LENGTH- 26,140
LENGTH- 69,700
LENGTH- 110,330
TOTAL-
52,753,100 00
TOTAL
$2,614,000,00
TOTAL■
53,889,750.00
TOTAL
$9, 256,850.00
Prosper TIRZ #1 Annual Report 2020
-17-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
DRAINAGE
Lme A-1 LIRZ EbDble Public Prow 4 - S'x4' NBC 160 LF Sl_100 00 $198.000.00 ZA
Line A-2 lRz E Pubic projed - 8'x4' NBC 1.440 LF SM.00 $835. nO 00 2A
01-v A-7 TIRZ P_I PuLAicPl10'A4' RCa 1 1, t00 I LF 1 3.10 DO 3.0 .ODD DO 2A
LmC A4 IRZ Public PrWd 8'x4' N8C 130 1 LF V80.00 $75,400.00 2A
Line A-5 tnRZ Ehg bte Public Projec 10'x4' RCB
1,060
LF
$`10.00
S326,600.00
2A
- 8'x4' NBC
610
LF
$680.00
S3S3:800.00
2A
Late b-1 Uevetwer vvolect 2- 1 Vx4 MtK 141.1 I Lr I 3t2U,UU I 3144.bFW LR] f 3b
Lax B-2 Develcm Prwct 2- f0'x4' 4BC 310 LF SUO.00 S192,200 00 3B
Late " Devekp t 2 - 8'x4' MBC 870 LF Sy80.DO 5504,600.00 38
Lne E-4 Developer RWd
2- 10'x4' 1ABC
560
LF
SVO DO
S347.200.00
38
Line B-5 CIF P"Wd
6k3' RCB
710
LF
s-00.00
$142,000 00
1B
1- 6'x3' NBC
610
LF
S400.00
S244,000.0D
1B
- trx4' 11 IL
bbtj
LF
Im'W
SM."tSfld,IJU
I"
10'x4' RC8
120
LF
V W 00
S37,200 00
18
- 8-x4' USC
290
LF
SSM-00
$168.200.00
18
Line B-6 Devekper ftted
51x3' RCB
640
LF
S180.00
$115.200.00
3A
6'x3' RCB
960
LF
S:00.00
S192.D00.00
3A
Line 0-7 CIF ftpd
8'x3' RCB
380
LF
S-80 00
S106.400 00
26
Line C-1 Developer pmpd
8'x4' NBC
T70 LF
SM 00
S446.600.00
1A
Line C-2 Developer Prtbjttt
2 - 9'x4' NBC
970 LF
M.00
SM2,000.00
1A
Lair C-S CIP P'rumU 2-!)'A4' MBC eW LF
Ve0 00 3M.400.00 IA
CIP Storm:
LENGTH- 2.400 TOTAL-
$1,446,WOC
TRZ Eligible Public Storm:
LENGTH- S,840 TOTAL-
$2,132,ODO.00
• Developer Storm
TOTAL-
$2,528,600.0C
TOTAL STORM:
LENGTH- 11.240 TOTAL=
S6.1E6.600.0C
DETENTION,'STUDIES
SMTOTAL- $3.649.5000
*Half of the Developer Drainage and Dcterrtion Curt c TIM CkVb1C
perhe ongnai Developmernand FouncingAlreemerr. TOTALSTORM- $9,756,100.0E
Prosper TIRZ # 1 Annual Report 2020
-18-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
PUBLIC ELECTRICAL DUCT BANK
Saelion
Section A _
Description
WA
+ Rbk Eledncal Dud Bank
1.030
LF
$250.00
SM7,500.00
1A
Section C
WA
Pubic EledkM Duct Bank
2,130
LF
f250.00
S532,500.0O
to
Section D
WA
Pubic EWdrical Dud Bark
1,1%
LF
S2S0.00
S32?.500.00
1B
Section F
WA
Pubk Electrical Dud Bank
1.480
LF
$--A.00
5370.000.00
I B
Section G
WA
Pubic Ekdricel Duct Baru
1.670
LF
$250.00
S417,500.00
2A
Seaton I
WA
Pubk Electrical Duce Bank
2,020
LF
$250.00
SW5,000.00
2A
Section J
WA
Rustic Electrical Duct ft*
690
LF
3250.00
i172.500.00
2A
Seabn 0
WA
Pubk Bedncal Duct Banc
900
LF
3250.00
5225.000.00
2B
Section R
WA
Pubk Electncal Dud Bank
SIM
LF
$250.00
W47,50O.00
20
WIlertml
WA
Put*c Eledncal Duct Bank
4,630
LF
M.00
S t, IS7,S00.00
4A
From Section J Norte to Fir* Sbftt
Internal I
WA
Pubk EWctncal Duct Bank
1,050
LF
I SM00 j
SM2,500.00 I
3B
From Section R West to Ra*aW
ante"
WA
Wc
PuEl Mc.,4 Dtxt Sw*
4,240
LF
i2S0.00
I S1.08O.000.00
1B
From axereecvan o1 Presm xW Richland NE a" Preaoon to Fmv SVeet
T1Rl Elietble CIP hems Surytotal-
TIQ EItg►bre Public items Subtotal- S2.5MOD0.40
Developer hems Suvtotal■ 53.M000.00
TOTAL DUCT WIX L£1167H- 22,120 TOTAL- SS.S30,000.00
Prosper TIRZ #1 Annual Report 2020
-19-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
AN"M ES
CIP Items Subtotal S0.00
Pubk Items Subtotal 54,137,S00.00
Developer Items Subtotal 54,337300.00
Arnenfies Subtotal SSA75,000.00
UTILITY IREL1 1i ATI":INS
Wlkm Dncdpl"
_
TIRZ Eligible Public Protec US 380 Overhead to duct t
L$
1$2.200,000001
i2.20D.QW.00
Z A
TIRZ EJOW Pubic Prqec Buwnees 289 Overhead to DL4 1
1 LS
I S450.D00 00 1
S450,000.00 1
38
TIRZ EVble Public Prgec First Sued Overhead to Dust I t
L5
SI-M0,000 00
it,?00.000 00 I
4A
CIP Items Subtotal
*TIRZ SiSible Public Items Subtotal 51,925,000.00
•DeveloperItems Subtotal S1,92S,000.00
SUBTOTAL- 53,850,000.00
'50% of toe LAdrty refocatK)n cMs ,are TIRZ 6VuIe as per 9v "naI
Develolmim t and Financag AQeerttenl
OTHER MISC. ITEMS
aP Items Subtotal $0.00
Public Items Subtotal 50.00
Developer Items Subtotal $0.00
SUBTOTAL= S0.00
TOTAL- 512,325,000.00
Prosper TIRZ #1 Annual Report 2020
-20-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
CAPITAL IMPROVEMENT PLAN BUDGET
Reimbursement Request No. 6 - June 22, 2020
Payee
Project
Purpose
Amount
Durable Specialties, Inc.
Gates Phase 1
Traffic Signal at Preston and Richland
14.367.44
Durable Specialties, Inc.
Gates Phase 1
Traffic Signal at Lovers and Hwy 380
122,305.50
Durable Specialties, Inc.
Gates Phase 1
Traffic Sig nal at Lovers and Hwy 380
2,305.97
Durable Specialties, Inc.
Gates Phase 1
Traffic Signal at Preston and Richland
3,328.80
Total Gates Phase 1
$142 307.71
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland Lovers, Coleman
4,725.20
Rone Engineering
Gates Phase II
Testin - Detention pond, Richland, Lovers, Coleman
7,307.07
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland, Lovers, Coleman
4,178.08
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland Lovers, Coleman
2,757.80
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland Lovers, Coleman
1,011.75
Rone Engineering
Gates Phase II
Testin - Detention pond, Richland, Lovers, Coleman
203.20
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland Lovers Coleman
1,593.05
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland, Lovers, Coleman
4,310.85
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland, Lovers, Coleman
1.452.25
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland, Lovers, Coleman
2,280.82
Rone Engineering
Gates Phase II
Testing - Detention pond, Richland, Lovers Coleman
1,623.55
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland Lovers, Coleman
35,627.40
Mario Sinacola & Sons Excay.
Gates Phase II
Public Grading
32,220.00
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
560,795.49
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
289,104.89
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
147,144.60
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
354,625.65
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
153,266.71
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
275,686.17
Mario Sinacola & Sons Excay.
Gates Phase II
Detention 2ond, Richland, Lovers, Coleman
220,733.88
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
129,224.70
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland Lovers Coleman
3,434,994.80
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
449 128.65
Mario Sinacola & Sons Excay.
Gates Phase II
Detention pond, Richland, Lovers, Coleman
168 796.71
SMR Offsite Landscape Ds n
Gates Phase II
Median Landscape Design
9,200.00
White Construction Inc. ATT
Gates Phase II
ATT relo Infrastructure
112,700
Atmos/Utilitex
Gates Phase II
Franchise gas Infrastructure and relo
45,716.50
Atmos/Mission
Gates Phase II
Franchise gas Infrastructure and relo
45 908.73
Atmos/Mlsson
Gates Phase II
Franchise gas Infrastructure and relo
32,109.45
Su ersca es -Median Landsc.
Gates Phase II
Town Requirement
6,044.89
HLM Construction M mt. LLC.
Gates Phase II
TIRZ Infrastructure construction m mt. services
55,865.00
HLM Construction M mt. LLC
Gates Phase II
TIRZ Infrastructure construction m mt. services
87 726.00
HLM Construction M mt. LLC
Gates Phase II
TIRZ Infrastructure construction m mt. services
79.939.00
Total Gates Phase
2
$7,064,255.55
Interest 3.5% 1
$373,827.14
Total Due Reimbursement #6
$7,580,390.40
Reimbursement No. 1
FY15
4,110,750.63
Reimbursement No. 2
FY16
2,867,876.09
2,118,275.54
Reimbursement No. 3
FY17
Reimbursement No. 4
FY18
2,809,767.19
Reimbursement No. 5
FY19
3 125,024.60
Total Billed To Date
$22.612,084.45
Prosper TIRZ #1 Annual Report 2020
-21-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
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.
Amount and source of revenue in the tax increment fund established for the zone:
$ 3,147,962 Total Revenue
2. Amount and purpose of expenditures from the fund:
$ 3,125,728 Total Expenditures
3. Amount of Principal and Interest due on outstanding indebtedness is as follows:
A. Contributions /Advances from developers— $14,951,090.37
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 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
B. Tax Increment base and expected captured appraised value for Tax Year 2020:
Taxing
Net Taxable Value
Base Year*
Captured App. Value
Jurisdiction
Tax Year
Value (with AG)
Fiscal Year
2020
Jan. 1 2008
2020-2021
Town of Prosper
$156,835,545
$4,507,850
$152,327,695
Collin County
$156,835,545
$4,507,850
$152,327,695
* 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 2019-2020:
Taxing
Jurisdiction
Participation
Per $1 OO/Value
Town of Prosper (70%) $ 0.520000
Collin County (50%) $ 0.174951
Total $ 0.694951
Amount of
Fiscal Year
2019-2020
Increment
$ 386,349
$ 92,846
$ 479,195
B. Amount of tax increment received in 2020 from the municipality and the other taxing jurisdictions based on
2019 valuations: $ 479,195.
Prosper TIRZ #1 Annual Report 2020
-22-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
ANNUAL FINANCIAL REPORT
C. Expected appraised value shared by the municipality and other participating taxing jurisdictions to be received
in Fiscal Year 2020-2021:
Taxing
Jurisdiction
Town of Prosper (70%)
Collin County (50%)
Total
D. Other information: None
Participation
Amount of
Per $100Nalue
Fiscal Year
2020-2021
Increment
$ 0.520000
$ 554,473
$ 0.172531
$ 131,406
$ 0.692531
$ 685,879
Prosper TIRZ #1 Annual Report 2020
-23-
�Berinniug Balance:
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 302020
TIRZ FUND FINANCIAL STATEMENT
10 01/19
Revenues:
Properry 'Tax:
Town
Deliqutm
Count}
Property Rot back 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 Senices
Constrwtkmn lmproveme.nts:
.IDS Selwer
Richland & Lovers
Gates Phase 1
Gates Phase 2
Lovers Lane
SH289 Median Openings
Interest Expense
TOTAL EXPENDITUTRE S
Ending Balance:
09'10'20
C :a M AL DEBT
PROJECTS SERVICE TOTAL
S 256,466 S - S 256,4661
S 386.349 S - S 386,349
92,846
- 92,846
28,840
- 29,840
937,267
- 937,267
322,458
- 322,458
195,2276
- 195,276
1,166-049
- 1,166,049
18,877
- 18,877
S 3,147,962 S
- S 3,147,962
191,138 - 191,138
17,513 - 17,513
2,727,598 - 2,727,598
189,480 - 189,480
S 3,125,728 S - S 3,125,728
$ 278,700 S - $ 278,700
Prosper TIRZ #1 Annual Report 2020
-24-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
T1 K/- f FropertTax Knllkack
TIRZ 1 Di strict
Agricultural Land
�i Exempt Properties
Properties Not Applicable to Rollback Tex
Rollback Taxes Collected
0 0.125 0.25 0.5
Miles
Updated Noy ember 2020
Prosper TIRZ #1 Annual Report 2020
-25-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
A,s of 5e ifl c111lfer 30, 2020
TIRZ #1 STATUS
STATUS
Complete
1 Under Construction
Undeveloped
0 0.125 0.25 0.5
Miles
Updated January 2021
Prosper TIRZ #1 Annual Report 2020
-26-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
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
2022
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
300,000.00
250,000.00
200,000,00
150,000.00
100,000,00
50,000.00
0.00 ,
2010
Rollback Tax Revenue
,w ,w
111
2011 2012
■ Collin County ■ Collin College ■ Prosper ISD ■ Town of Prosper ■ Total
Prosper TIRZ #1 Annual Report 2020
-27-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
REVENUES & EXPENDITURES
ROLLBACK TAX REVENUE
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
7,884.42 �
38,011.41
2015
4,147.60
1,510.83
30,784.42
9,585.57
46,028.42
2016
3,618.79
1,410.42
28, 999. 65
9, 029. 84 r
43, 058. 70
2017
3,481.92
1,445.51
30, 246.73
T
9,418.14
44, 592.30
TOTAL BY
ENTITY
18, 609.23
6,946.97
142,056.19
44, 233.07
211, 845.46
50, 000.00
45,000.00
40, 000.00
35,000.00
30,000.00
25,000.00
20,000.00
15,000.00
10, 000.00
5,000.00
Rollback Tax Revenue
lowEmil 0. 1 1. in, ' . 11
2013 2014 2015 2016 2017
Collin County Collin College :a Prosper ISQ Town of Prosper ■ Total
Prosper TIRZ #1 Annual Report 2020
-28-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
REVENUES & EXPENDITURES
ROLLBACK TAX REVENUE
Collected in Fiscal Year 2020
Collin County Collin College
Prosper ISD `Town of Prosper
Total
2014
2,321.47
809.65
16,497.27
5,136.88
24,765.27
2015
2,102.91
766.02
15, 608.31
4,860.08
23, 337.32
2016
2,204.35
859.15
17, 664.79
5,500.41 r
26, 228.70
2017
2,548.35
1,057.94
22,137.02
6,892.96 r
32,636.27
2018
2,242.24
1,007.38
20,712.67
6,449.45
30,411.74
TOTALBY
ENTITY
11,419.32
4,500.14
92,620.06
28,839.78
137,379.30
Rollback Tax Revenue
35,000.00
25,000.00
20,000.00
15,000.00
10,000.00
5,000.00
2014 2015 2016
■ Collin County ■ Collin College ■ Prosper ISD
■W IN,
2017 2018
Town of Prosper m Total
Prosper TIRZ #1 Annual Report 2020
-29-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
REVENUES & EXPENDITURES
PROPERTY TAX REVENUE
Property Taxes (Town)-70%
Date
Appraised Value
Less Base Value
Tax Rate
Amount
TIRZ Total
2/13/2020
110,647,781
4,507,850
0.520000
551,928
386,349
Property Taxes (County)-50%
Date Appraised Value
Less Base Value
Tax Rate
Amount
TIRZ Total
2/13/2020 110,647,781
4,507,850
0.174951
185,693
92,846
Prosper ISD
Date
Appraised Value
Tax Rate
Total
2/13/2020
110,647,781
1.568350
1,735,344
*Prosper ISD tax revenue is not remitted to TIRZ—information only
Appraised Value
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
2014 2015 2016 2017 2018 2019 2020
Appraised Value
Property Tax Revenue
2014 2015 2016 2017 2018 2019 2020
Town County —PIED Total
Prosper TIRZ #1 Annual Report 2020
-30-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of September 30, 2020
THOROUGHFARE IMPACT FEES
Project
PermitNumber
Site Address
Amount Paid
Date
GATES OF PROSPER PHASE 2 - BUILDING B
SH19-0019
930, 940, 950, 960, 970 & 980 S PRESTON ROAD
$268441.27
10/17/2019
GATES OF PROSPER PHASE 2 - BUILDING C
SH19-0020
900 S PRESTON ROAD
$66 192.39
10/17/2019
GATES OF PROSPER, PHASE 2 - BUILDING E
SH 19-0022
1100 S PRESTON ROAD
$29,163.02
10/31/2019
GATES OF PROSPER. PHASE 2 - BUILDING F
SH19-0023
1110 S PRESTON ROAD
$29 163.02
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING G
SH19-0024
1140 S PRESTON ROAD
$28.824.44
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING H
SH19-0025
1150 S PRESTON ROAD
$28,824.44
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING D
SH19-0021
1070 S PRESTON ROAD
$65 368.51
11/19/2019
JAMES AVERY
F019-0040
1141 S PRESTON ROAD, SUITE 30
$0.00
12/12/2019
KOHL'S
SH 19-0026
1920 S PRESTON ROAD
$207.745.16
12/20/2019
GATES OF PROSPER, PHASE 2 - BUILDING I
:SH 19-0030
:880 S PRESTON ROAD
$36.837.36
2/7/2020
GATES OF PROSPER PHASE 2 - BUILDING A
:SH 19-0027
1000 S PRESTON ROAD
$130 165.20
2/25/2020
FIRST WATCH RESTAURANT
F020-0001
1111 S PRESTON ROAD, SUITE 10
$2418.00
3/16/2020
HOBBY LOBBY
COM19-0042
1050 S PRESTON ROAD
$206,910.00
7/21/2020
'TIFFS TREATS
F020-0019
1070 S PRESTON ROAD SUITE 10
$0.00
8/19/2020
'T-MOBILE
F020-0020
1980 S PRESTON ROAD, SUITE 40
$0.00
9/16/2020
GATES OF PROSPER, PHASE 2 - BUILDING L
SH2O-0011
1820 S PRESTON ROAD
$65 996.27
9/18/2020
GATES OF PROSPER FOUNTAIN
COM20-0033
J 1100 S PRESTON ROAD
$0.00
9/30/2020
Total
1 $1,166 049.08
WATER IMPACT FEES
Project
Permit Number
Site Address
Amount Paid
Date
GATES OF PROSPER PHASE 2 - BUILDING B
SH19-0019
930, 940, 950, 960, 970, & 980 S PRESTON ROAD
$95,515.00
10/17/2019
GATES OF PROSPER, PHASE 2 - BUILDING C
SH 19-0020
900 S PRESTON ROAD
$49 667.00
10/17/2019
GATES OF PROSPER, PHASE 2 - BUILDING E
SH19-0022
1100 S PRESTON ROAD
$12226.00
10/31/2019
GATES OF PROSPER PHASE 2 - BUILDING F
SH 19-0023
1110 S PRESTON ROAD
$12226.00
10/31/2019
GATES OF PROSPER PHASE 2 - BUILDING G
SH19-0024
1140 S PRESTON ROAD
$27 0K00
10/31/2019
GATES OF PROSPER PHASE 2 - BUILDING H
SH19-0025
1150 S PRESTON ROAD
$12.226.00
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING D
SH 19-0021
1070 S PRESTON ROAD
$12.226.00
11/19/2019
JAMES AVERY
FO19-0040
1141 S PRESTON ROAD, SUITE 30
$0.00
12/12/2019
KOHL'S
SH19-0026
920 S PRESTON ROAD
$12226.00
12/20/2019
GATES OF PROSPER, PHASE 2 - BUILDING I
SH 19-0030
880 S PRESTON ROAD
$27,508.00
2/7/2020
GATES OF PROSPER, PHASE 2 - BUILDING A
SH19-0027
1000 S PRESTON ROAD
$24,452.00
2/25/2020
FIRST WATCH RESTAURANT
F020-0001
I I I I S PRESTON ROAD SUITE 10
$0.00
3/16/2020
HOBBY LOBBY
COM19-0042
1050 S PRESTON ROAD
S12 226.00
7/21/2020
TIFFS TREATS
F020-0019
1070 S PRESTON ROAD, SUITE 10
$0.00
8/19/2020
T-MOBILE
F020-0020
880 S PRESTON ROAD, SUITE 40
$0.00
9/16/2020
GATES OF PROSPER, PHASE 2 - BUILDING L
,SH20-001 l
920 S PRESTON ROAD
$24,452.00
9/18/2020
GATES OF PROSPER FOUNTAIN
1COM20-0033
1100 S PRESTON ROAD
$0.00
9/30/2020
Total
$322.458.00
WASTEWATER IMPACT FEES
Project
Permit Number
Site Address
Amount Paid
Date
GATES OF PROSPER, PHASE 2 - BUILDING B
:SH19-0019
93% 940, 950 96% 970 & 980 S PRESTON ROAD
$70 48.00
10/17/2019
GATES OF PROSPER PHASE 2 - BUILDING C
SH 19-0020
1900 S PRESTON ROAD
$25 398.00
10/17/2019
GATES OF PROSPER PHASE 2 - BUILDING E
SH19-0022
1100 S PRESTON ROAD
$9,030.00
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING F
SH19-0023
1110 S PRESTON ROAD
$9,030.00
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING G
SH 19-0024
1140 S PRESTON ROAD
$9,030.00
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING H
SH19-0025
1150 S PRESTON ROAD
$9.030.00
10/31/2019
GATES OF PROSPER, PHASE 2 - BUILDING D
SH19-0021
1070 S PRESTON ROAD
$9.030.00
11/19/2019
JAMES AVERY
FO19-0040
1141 S PRESTON ROAD, SUITE 30
$0.00
12/12/2019
KOHL'S
SH 19-0026
920 S PRESTON ROAD
$9 030.00
12/20/2019
GATES OF PROSPER PHASE 2 - BUILDING I
SH19-0030
880 S PRESTON ROAD
$9,030.00
2/7/2020
GATES OF PROSPER PHASE 2 - BUILDING A
SH 19-0027
1000 S PRESTON ROAD
$18 060.00
2/25/2020
FIRST WATCH RESTAURANT
F020-0001
I I I I S PRESTON ROAD, SUITE 10
S0.00
3/16/2020
HOBBY LOBBY
COM19-0042
1050 S PRESTON ROAD
$9,030.00
7/21/2020
TIFFS TREATS
F020-0019
1070 S PRESTON ROAD SUITE 10
$0.00
8/19/2020
T-MOBILE
F020-0020
880 S PRESTON ROAD SUITE 40
$0.00
9/16/2020
GATES OF PROSPER PHASE 2 - BUILDING L
SH20-001 ] 1820
S PRESTON ROAD
$9,030.00
9/18/2020
GATES OF PROSPER FOUNTAIN
COM20-0033 I
1100 S PRESTON ROAD
$0.00
9/30/2020
Total
$195,276.00
Grand Total
$1,683 783.08
Prosper TIRZ #1 Annual Report 2020
-31-
Town of Prosper, Texas
Tax Increment Reinvestment Zone #1
As of Seatember 30, 2020
REVENUES & 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
5,802 881.59
371,316.79
5,022,242.02
9,725,280.16
1 3,355.75
335,233.80
1,351,774.34
21,260,310.11
22,612,084.45
Paid
735,203.43
371,316.79
4..855.109.97
9,00o.001
3,355.75
335,233.80
351774.34
6,309,219.74
7 660.994.08
Remaining
5,067,678.16
-
167,132.05
9,716,280.16
14,951,090.37
14951,090.37
By Payment Request:
MDB Sewer
Richland &
Lovers
Gates Phase 1
Gates Phase 2
Lovers Lane
SH289 Median
Openings
Interest
.Amount
3,636,320-41
139,196.42
335,233.80
4,110,750.63
Reimbursement#1Totals
Paid
735,203.43
139196.42
335,233.80
1,209,633.65
Remaining
1901,116.98
-
2,901,116.98
.Amount
2,127,917.68
47,549.09
545,177-30
3,355.75
143,876427
2,867,876.09
Reimbursement #2 Totals
'Paid
47,549.09
545,177.30
3,355.75
143,876.27
739,958.41
(Remaining
2,127,927.68
-
-
2,127,917.68
Amount
38,643.S0
26,549.41
1,804,866.36
91000.00
239,216.27
2,118,275,54
Reimbursement#3Totals
Paid
26.549,41
1,804,866.36
9,000.00
239,216.27
2,079,632.04
Remaining
39,643.50
38,643 50
Amount
-
132.461.49
2,378,999.15
21,075.20
277,231.35
2,809,767.19
Re! mbursement #4 Totals
Paid
132.461.49
2378,999.15
277,231.35
2,788,691.99
Remaining
21,075.201
21,075.20
Amount
25,560.38
293,199.21
2,488,641.70
317,623.31
3,125,024.60
Reimbursement #5 Totals
Paid
25,560.38
126,067.16
317,623.31
469,250-85
Remaining
167132.05
2,488,641.70
2,655,773.75
.Amount
144307,71
7,064,255.55
373,827.14
7,580,390.40
Reimbursement #6 Totals
Paid
-
-
-
373,827.14
373,827.14
I
Remainin
142 307.71
7,064,255.55
7,206,563.26
By Payments Made:
Total Charges
1 2017
1 2018
r 2019
j 2020
r 2021
Total Payments
Remaining Balance
Total Payment
1,176,006.57
1,846,744.76
1,512,514.84
3,125,727.91
7,660,994.08
Interest
1,351,774.34
1 383,092.54
1 468,265.03
1 310,937.13
1 189,479.64
1,351,774.34
Construction Costs
21,260,310.111
792,914.03
1 1,378,479.73
1,201,577.71
1 2,936,248.27
6,309,219.74
14,951,090.37
Prosper TIRZ #1 Annual Report 2020
-32-