01.24.2023 TIRZ No. 1 Meeting PresentationWelcome to the January 24, 2023,
TIRZ No. 1 Board of Directors Meeting.
Call to Order/Roll Call
Agenda Item 1.
Consider and act upon the minutes of the April 12,2022,TIRZ
No.1 Board of Directors meeting.(MLS)
Agenda Item 2.
Receive the 2022 Annual Report.(CL/HW)
TIRZ No. 1
(Gates of Prosper)
TIRZ #1 BOUNDARY MAP
PUBLIC INFRASTRUCTURE / BUILDING PROJECTS
TIRZ #1 STATUS
US HIGHWAY 380
FIRST STREET
DALLAS NORTH TOLLWAY
ORIGINAL THOROUGHFARE PLAN
US HIGHWAY 380
FIRST STREET
DALLAS NORTH TOLLWAY
AMENDED THOROUGHFARE PLAN –04/12/2022
US HIGHWAY 380
FIRST STREET
DALLAS NORTH TOLLWAY
ID Business Name Area
Kung Fu Tea 1,160
Buff City Soap 1,959
Pigtails and Crewcuts 1,480
Killa Pie 4,918
European Wax Center 1,045
Glorias 5,722
Rose Couture Bar 2,525
The UPS Store 1,479
Shakertins 3,892
Revyve 1,679
Prosper Smile Studio 2,755
Calloways Nursery 14,100
Victorias Secret 5,010
Popshelf 10,850
Hand and Stone Massage 2,800
Gates of Prosper Mngmt Office 1,372
Killa Pie
UPS Store
Kung Fu Tea
Buff City Soap
Calloways
Sharkertins
Popshelf
CO During Reporting Period –page 1 of 2
Glorias
GOP Mngmt Office
Hand and Stone Massage
Rose Couture Bar
Prosper Smile StudioPigtails and Crewcuts
European Wax Center
Revyve
Victorias
Secret
LOVERS LANE
ID Business Name Area
Care Now 4,500
Super Splash –Lube Center 4,798
Super Splash –Car Wash 4,409
Murphy Express 2,800
7-Eleven 3,000
TOTAL Square Footage 82,253
Care Now
CO During Reporting Period –page 2 of 2
Car Wash
Lube Center
Murphy Express
7-ElevenFIRST STREET
ID Business Name Area
Target 137,000
Gates MF: 344 units
211 (1), 118 (2), 15 (3)
538,040
Starview SF: 181 lots
(Land Disturbance Permit)
TOTAL Square Footage 675,040
Target
MF –Civil
Permit
211 (1 BD)
118 (2 BR)
15 (3 BR)
Permitted During Reporting Period and NOT Yet Received a CO
SF –Land
Disturbance
181 lots
LOVERS LANE
US HIGHWAY 380
ID Business Name Area
The Joint Chiropractor 1,360
Sephora 4,241
TOTAL Square Footage 5,601
Permitted After Reporting Period and HAVE Received a CO
Sephora
The Joint
Chiropractor
LOVERS LANE
ID Business Name Area
Urgent Vet 2,325
TOTAL Square Footage 2,325
Urgent Vet
Permitted After Reporting Period and NOT Yet Received a CO
LOVERS LANE
CAPITAL IMPROVEMENT PLAN BUDGET
Reimbursement Request No. 8 –June 1, 2022
TIRZ FUND FINANCIAL STATEMENT
Revenues
TIRZ FUND FINANCIAL STATEMENT
Expenditures
REVENUES & EXPENDITURES
By Payments Made:
$57,909,475 Maximum Construction Costs Reimbursement
$93,079,000 Maximum Construction Cost Plus Interest Reimbursement
TIRZ #1 PROPERTY TAX ROLLBACK
US HIGHWAY 380
FIRST STREET
DALLAS NORTH TOLLWAY
Tax Increment base and current captured appraised value retained by the zone:
REVENUES & EXPENDITURES
Property Tax Revenue
710,455 699,531
774,735
32,655,287
40,776,072
85,934,558
110,647,781
139,795,335
176,214,096
-
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
160,000,000
180,000,000
200,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022
Appraised Value
492,446
612,991
116,706 144,308
2,086,725
2,542,593
2,695,878
3,299,892
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2014 2015 2016 2017 2018 2019 2020 2021 2022
Property Tax Revenue
Town County PISD Total
Adjourn