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08.26.2008 Town Council PacketISPER OWN OF 1. Call to Order / Roll Call. 2. Invocation and Pledge of Allegiance. AGENDA Regular Meeting of the Prosper Town Council Prosper Middle School - Library 605 E. Seventh Street, Prosper, Texas Tuesday, August 26, 2008 at 6:00 p.m. 3. Announcements of dates and times of upcoming community events. EXECUTIVE SESSION 4. Recess into Closed Session in compliance with Section 551.001 et. seq. Texas Government Code, to wit: Section 551.087 to deliberate regarding economic development negotiations regarding the Prosper West project. 5. Reconvene into Regular Session and take any action necessary as a result of the Closed Session. CONSENT AGENDA (Items placed on the Consent Agenda are considered routine in nature and are considered non -controversial. The Consent Agenda can be acted upon in one motion. A majority vote of the Council is required to remove any item for discussion and separate action. Council members may vote nay on any single item without comment and may submit written comments as part of the official record.) 6. Consent Agenda MINUTES a. Consider and act upon minutes from the following Council meetings. (MD) August 12, 2008 — Town Council Meeting ORDINANCES, RESOLUTIONS. AND AGREEMENTS b. Consider and act upon whether to direct staff to submit a written notice of appeal on behalf of the Town Council to the Development Services Department, pursuant to Chapter 4, Section 1.5(C)(7) and 1.6(Bx7) of the Town's Zoning Ordinance, regarding action taken by the Planning & Zoning Commission on any site plan or preliminary site plan. (CC) C. Consider and act upon an ordinance amending the Zoning Ordinance (Chapter 3, Sections 1 and 2) creating a definition for a wind energy system and prohibiting a wind energy system in all zoning districts. (Z08-9). (CC) FINANCIALS d. Consider and act upon the financial statements ending July 31, 2008. (MG) CITIZEN'S COMMENTS (The public is invited to address the Council on any topic. However, the Council is unable to discuss or take action on any topic not listed on this agenda. Please complete a "Public Comments Form" and present it to the Town Secretary prior to the meeting.) 7. Other Comments by the Public. Page 1 of 3 REGULAR AGENDA (If you wish to address the Council during the regular agenda portion of the meeting, please fill out a "Speaker Request Form" and present it to the Town Secretary prior to the meeting. Citizens wishing to address the Council for items listed as public hearings will be recognized by the Mayor. Those wishing to speak on a non-public hearing related items will be recognized on a case -by -case basis, at the discretion of the Mayor and Town Council.) DEPARTMENT ITEMS 8. Consider and act upon 1) a User Agreement between the Prosper Area Soccer Association and the Town of Prosper, regarding the use of Folsom Park and 2) adopt a resolution authorizing the Town Manager to execute the same. (WH) 9. Consider and act upon a resolution acknowledging the Town's intent regarding the improvements at Folsom Park. (WI) 10. Consider and act upon 1) an Escrow Agreement regarding the timing of construction of various turn lane improvements to serve the Prosper Plaza Project and 2) adopt a resolution authorizing the Town Manager to execute the same. (HW) 11. Consider and act upon 1) an Interlocal Cooperative Agreement between the City of McKinney and the Town of Prosper concerning the construction of various turn lanes at the northwest corner of US Highway 380 and FM 2478, Custer Road (FM 2478) from Stonebridge Drive to US 380 Improvements and 2) adopt a resolution authorizing the Town Manager to execute the same. (HW) 12. Consider and act upon 1) an Interlocal Cooperation Agreement between Denton County and the Town of Prosper regarding the maintenance of roads in Denton County and 2) adopt a resolution authorizing the Town Manager to execute the same. (HW) 13. Consider and act upon a change order #1 to JRJ Paving, Inc, for the US 380 / Coit Road Right Turn Lane Project. (HW) PUBLIC HEARINGS 14. A public hearing to consider and act upon a request to rezone 11.3f acres, located on the west side of Coleman Street, 200f feet south of Eagle Lane, from Agricultural (A) to Commercial (C). (Z08-10). (CC) 15. A public hearing to consider and act upon a request to rezone 0.6f acre (508 East Broadway Street), located on the southwest corner of Broadway Street and Field Street, from Single Family-15 (SF-15) to Downtown Office (DTO). (Z08-12). (CC) 16. A public hearing to consider and act upon a request to rezone 2.1f acres, located on the southwest corner of Prosper Trail and Robison Creek Drive, from Single Family-15 (SF-15) to Single Family-12.5 (SF-12.5). (Z08-13). (CC) 17. Presentation of Service Plan and second public hearing to consider the voluntary annexation of approximately 11.925 acres of land located in the Collin County School Land Survey, Abstract No. 147, Collin County and being more generally located west of Coleman Street and +1750' south of Prosper Trail. (MID) 18. A public hearing to discuss the Town of Prosper proposed 2008-2009 tax rate. (MI.) 19. Town Manager Comments. 20. Possibly direct Town Staff to schedule topic(s) for discussion at a future meeting. Page 2 of 3 21. Adjourn. CERTIFICATION I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the inside window at the Town Hall of the Town of Prosper, Texas, a place convenient and readily accessible to the general public at all times, and said Notice was posted by the following date and time: Friday, August 22, 2008 at 5:00 p.m. and remained so posted at least 72 hours before said meeting was con``rl� ' `a�� OF Pn �/"i v •. o O s • � s • � • • ae •� e o � 4ew D. Denton, TRMC s •••• ate Noticed Removed Town Secretary �i •..� `o // ••••esN• � In addition to any specifically identified Executive Sessions, Council may con ' to Z'*04less der Section 551 of the Texas Government Code at any point during the open meeting to discuss any item posted on this agenda. The }� rovides specific exceptions that require that a meeting be open. Should Council elect to convene into Executive Session, those exceptions will bd 1jeL��i , ally identified and announced. Any subsequent action, as a result of this Executive Session, will be taken and recorded in open session. NOTICE OF ASSISTANCE AT PUBLIC MEETINGS: The Prosper Town Council Meetings are wheelchair accessible. Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as Interpreters for persons who are deaf or hearing impaired, readers, or large print, are requested to contact the Town Secretary's Office at (972) 346-2640 or by FAX (972) 347-2111. BRAILLE IS NOT AVAILABLE. Page 3 of 3 ISPER OWN OF 1. Call to Order / Roll Call. The meeting was called to order at 6:06 p.m. Roll call was taken by the Town Secretary. MINUTES Regular Meeting of the Prosper Town Council Prosper Middle School - Library 605 E. Seventh Street, Prosper, Texas Tuesday, August 12, 2008 at 6:00 p.m. Council present included: Mayor Charles Niswanger, Mayor Pro-Tem Ray Smith, Deputy Mayor Pro -Tern Kenneth Dugger, David Vestal, Meigs Miller, and Danny Wilson. Staff present included: Mike Land, Town Manager; Hulon Webb. irector of Develpment Services; Chris Copple, Senior Planner; Wayne Snell, Building Official; Matthew. Garrett Finance Direc�to Ronnie Tucker, Fire Chief; Kirk McFarlin, Police Chief; Frank Jaromin, Director of Public Works; and Matthe Denton, Town Secretary. 2. Invocation and Pledge of Allegiance. The Invocation was given by David Benefield, Lighthouse Christian The Pledge of Allegiance was led by three Boy 3. Announcements of dates and times of EXECUTIVE SESSION 4. Recess into wit: a. Section b. ..Section 5. OIR666nvene into Motioned by Coun to the end of the ag Motion approved 7 CONSENT AGENDA " 6. Consent Agenda Aftession in\compliance with `Section 551.001 et. seq. Texas Government Code, to w�--'. 51.072' 'lelii�bteration's�rega�ng'real property for parks and recreation. 51:087 to deliberate regarding economic development negotiations regarding the ?V�t project. regular Session antake any action necessary as a result of the Closed Session. seconded by Deputy Mayor Pro-Tem Dugger to move the Executive Session ber Turill I MINUTES a. Consider and act upon minutes from the following Council meetings. (MD) • July 21, 2008 — Budget Work Shop • July 22, 2008 — Town Council Meeting Page 1 of 5 ORDINANCES. RESOLUTIONS. AND AGREEMENTS b. Consider and act upon an ordinance rezoning 0.3t acre, located on the north side of First Street, 100f feet west of Field Street, from Single Family-15 (SF-15) to Downtown Office (DTO). (Z08- 11). (CC) C. Consider and act upon a resolution supporting the discontinuation of the diversion of transportation user revenues to non -transportation uses and the appropriation of all revenue generated from highway user fees and taxes to fund transportation projects. (ML) d. Consider and act upon a resolution setting the schedule for the involuntary annexations. (MD) e. Consider and act upon whether to direct staff to submit a written notice of appeal on behalf of the Town Council to the Development Services Department, pursuant to. Chapter 4, Section 1.5(C)(7) and 1.6(11)(7) of the Town's Zoning Ordinance, regarding action taken by the Planning & Zoning Commission on any site plan or preliminary site plan. (CC) f. Consider and act upon a resolution calling for Public Hearing to be held on October 14, 2008 for the creation of the Tax Increment Refinancing Zone. (NM) ANNEXATION PETITIONS g. Consider and act to accept a petition presented by Prosper Partners LP to set dates for two public hearings and call for a service plan for the voluntary annexation of approximately 121.281 acres of land generally located north of HWY 380 and ±3640' west of the Dallas North Tollway. (MD) Motioned by Deputy Mayor Pro-Tem Dugger, seconde?by ayor Pro -Tern Smith to approve the consent agenda subject to staff recommendations. Motion approved 7-0. CITIZEN'S COMMENTS v. 7. Other Comments by the Public. 's ,;rm Lisa Dritschler, 1285 Wheatland, addressed the council regarding issues with the Prosper Youth Sports Association. Scott Dafft,,PO Box 538, addressed the council regarding issues with the Prosper Youth Sports Association. Mike McClung, 1400 Cedar Springs, addressed the council regarding the use of Folsom Park. PaulaO LuAllen, 1470 Harvest Ridge, addressed the council regarding issues with the Prosper Youth Sports Association. Heather Doke, 636 Creek View, addressed the council regarding issues with the Prosper Youth Sports Association. Pam Cooper, 403 Brookview Ct., addressed the council regarding issues with the Prosper Youth Sports Association. Barb Mills, 490 Cloud View Ct., addressed the council regarding issues with the Prosper Youth Sports Association. Cindy Jones, 1351 Cedar Lake Dr., addressed the council regarding issues with the Prosper Youth Sports Association. REGULAR AGENDA PUBLIC HEARINGS 8. A public hearing to consider and act upon an amendment to the Zoning Ordinance (Chapter 3, Sections land 2) creating a definition and development standards for a Wind Energy System. (Z08-9). (CC) Page 2 of 5 Chris Copple, Senior Planner, gave council background information on this item. Motioned by Councilmember Turley, seconded by Mayor Pro -Tern Smith to open the public hearing. Motion approved 7-0. Mayor Niswanger opened the public hearing at 6:47 p.m. Cleburne Smith, 17300 Dallas Parkway, Ste. 3310, Dallas Texas, opposed the ordinance. David Bird, 2010 Beaver Trail, opposed the ordinance. Dale Clark, 16250 Dallas N. Pkwy, opposed the ordinance. David Blum, 6860 N. Dallas Pkwy, opposed the ordinance. Tom Bolen, 1450 Woodhaven Dr., opposed the ordinance. Tom Clark, 170 N. Preston, # 10, opposed the ordinance. David Cardile, Bonham, TX, supports the ordinance. Charles Crumbly, gave a presentation supporting the ordinance. Motioned by Mayor Pro -Tern Smith, seconded by Councilmember Turley to close the public hearing. Motion approved 7-0.� Mayor Niswanger closed the public hearing at 7:45 p.m.,_ Motioned by Councilmember Turley, seconded by Mayor Pro -Tern S i to amend the Zoning Ordinance creating a definition for wind energy systems and prohibiting wind energy systems in the Town of Prosper. Motion approved 7-0. 9. Presentation of Service Plan and First Public hearing to consider the voluntary annexation of approximately 11.925 acres of land located in the Collin County School Land Survey, Abstract No. 147, Collin County and being more generally located west of Coleman Street and +1750' south of Prosper Trail. (MD) Motioned by Councilme ber Turley, seconded by Mayor Pro-Tem Smith to open the public hearing. Motion approved 7-0. Mayor Niswanger opened the public hearing at 8:06 p.m. There were no comments by the public. _ . . "o Motioned by Deputy Mayor Pro -Tern Dugger, seconded by Councilmember Turley to close the public hearing. Motion approved 7-0. Mayor Niswanger closed the public hearing at 8:07 p.m. DEPARTMENT ITEMS 10. Consider and act upon 1) award of bid of Prosper Road Improvement Project 2008, 2) enter into a contract agreement with low bidder Quality Excavation LTD, regarding the construction services for Prosper Road Improvement Project 2008 and 3) approve a resolution authorizing the Town Manager to execute the same. (F.n Frank Jaromin, Director of Public Work, gave council background information on this item. Motioned by Councilmember Vestal, seconded by Mayor Pro -Tern Smith to enter into a contract agreement with Quality Excavation LTD regarding the construction services for Prosper Road Improvement Project 2008 and approve a resolution authorizing the Town Manager to execute the same. Page 3 of 5 Motion approved 7-0. 11. Submission of Budget and Budget Message by the Town Manager. (MEL) Mike Land, Town Manager, gave a presentation of the proposed budget to council. 12. Consider and act upon a proposed tax rate for FY 2008-2009. (MEL) Motioned by Councilmember Turley, seconded by Mayor Pro-Tem Smith to propose a tax rate of 0.52 per $100 valuation, which would increase property tax revenues by $928,567 over last year's budget. Motion approved 7-0. 13. Consider and act upon a schedule for public hearings on the Motioned by Deputy Mayor Pro-Tem Dugger, seconded by Coun proposal to increase total tax revenues for August 26`h at 6:00 meeting taking place here in the Prosper Middle School Library .4 Motion approved 7-0. EXECUTIVE SESSION 4. Recess into Closed Session in compliance with Section 55HOi wit: "'M a. Section 551.072 Deliberations !!kgahrdk& property b. Section 551.087 to deliberate regarding economic deve Prosper West project.IIK Vokh. Motioned by Councilmember Motion approved 7-0. A The council recessed into 5. Reconvene into 14. 15. Possibly Council directed staff to citizens raised. 16. Adjourn. 2008-2009 tax rate. (ML) a Turley'fo`se,'�t,.Jhe public hearings on the 3 September 9%at 6:00 p.m., with each 605 E. Seventh Sheet. et. seq. Texas Government Code, to recreation. iations regarding the by May&&Pro-Tem Smitffto recess into closed session. 8:45 p.m. necessary as a result of the Closed Session. by Deputy Mayor Pro-Tem Dugger to reconvene into regular ,ff to schedule topic(s) for discussion at a future meeting. or with the Parks and Recreation Board and the PYSA to address the concerns the Motioned by Mayor Pro-Tem Smith, seconded by Councilmember Turley to adjourn. Motion approved 7-0. The meeting was adjourned at 9:21 p.m. Page 4 of 5 Attest: Matthew D. Denton, TRMC Town Secretary Charles Niswanger, Mayor Page 5 of 5 PLANNING p T SPER. To: Mayor and Town Council From: Chris Copple, Senior Planner Cc: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer Re: Town Council Meeting — August 26, 2008 Date: August 20, 2008 Agenda Item: Consider and act upon whether to direct staff to submit a written notice of appeal on behalf of the Town Council to the Development Services Department, pursuant to Chapter 4, Section 1.5(C)(7) and 1.6(B)(7) of the Town's Zoning Ordinance, regarding action taken by the Planning & Zoning Commission on any site plan or preliminary site plan. Description of Agenda Item: Attached are the site plans and preliminary site plans acted on by the Planning & Zoning Commission at their August 19, 2008 meeting. Per the Town's Zoning Ordinance, the Town Council has the ability to direct staff to submit a written notice of appeal on behalf of the Town Council to the Development Services Department for any site plan or preliminary site plan acted on by the Planning & Zoning Commission. Attached Documents: 1. Preliminary site plan of Prosper Plaza, Block A, Lots 1-4 and 7, approved 5-0 by the Planning & Zoning Commission. Town Staff Recommendation: Town staff recommends that the Town Council take no action based on the approval of the site plans and preliminary site plans by the Planning & Zoning Commission. Agenda Item No. 6b - Page 1 of 1 f '�� PLANNING p TOWN SPER. To: Mayor and Town Council From: Chris Copple, Senior Planner Cc: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer Re: Town Council Meeting — August 26, 2008 Date: August 20, 2008 Agenda Item: Consider and act upon an ordinance amending the Zoning Ordinance (Chapter 3, Sections 1 and 2) creating a definition for a wind energy system and prohibiting a wind energy system in all zoning districts. (Z08-9). Description of Agenda Item: At the August 12, 2008 meeting, the Town Council, by a vote of 7-0, approved an amendment to the Zoning Ordinance creating a definition for a wind energy system and prohibiting a wind energy system in all zoning districts. Town staff has prepared an ordinance reflecting the motion as approved by the Town Council. Budget Impact: There are no significant budget implications associated with this amendment to the Zoning Ordinance. Legal Obligations and Review: State law requires that the Town Council hold a public hearing before amending the Zoning Ordinance. A public hearing has been held and the Town Council approved the amendment to the Zoning Ordinance. The ordinance has been prepared. Review of the ordinance by the Town Attorney is not required. Attached Documents: 1. The ordinance amending the Zoning Ordinance (Chapter 3, Sections 1 and 2) creating a definition for a wind energy system and prohibiting a wind energy system in all zoning districts is attached. Town Staff Recommendation: Town staff recommends the Town Council adopt the attached ordinance amending the Zoning Ordinance (Chapter 3, Sections 1 and 2) creating a definition for a wind energy system and prohibiting a wind energy system in all zoning districts. Agenda Item No. 6c — Page 1 of 1 TOWN OF PROSPER, TEXAS ORDINANCE NO. 08-_ AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING CHAPTER 3, SECTIONS 1.3 AND 2 OF ZONING ORDINANCE NO. 05.20; PROVIDING FOR A PENALTY FOR THE VIOLATION OF THIS ORDINANCE; PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE OF THIS ORDINANCE; AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF. WHEREAS, the Town Council of the Town of Prosper, Texas ("Town Council") has determined that Chapter 3, Sections 1.3 and 2 of the Town of Prosper, Texas ("Prosper") Zoning Ordinance No.05-20 should be amended; and WHEREAS, Prosper has complied with all notices and public hearings as required by law; and WHEREAS, the Town Council finds that it will be advantageous, beneficial and in the best interest of the citizens of Prosper to amend Prosper's Zoning Ordinance No. 05-20 as set forth below. TEXAS: NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, SECTION 1: Findings Incorporated. The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2: Amendment to Prosper's Zoning Ordinance No. 05-20. Chapter 3, Sections 1.3 (Schedule of uses) and 2 (Definitions) of the Town of Prosper's Zoning Ordinance No. 05-20 are hereby amended to read as follows: Chapter 3, Section 1.3 Residential Districts Non -Residential Districts O U 75 � SECTION 1.3(D) w U Cf)cn CD co 6 0 0 TRANSPORTATION, UTILITY, CD O o AND COMMUNICATIONS USES co a> ? _>' 0 3 3 3 coo 3o r li m = o 3 r 0 0 iT 3 0 5 o p 0 m p E 0 U m Q Cn ~ ~ I O I O Z I I I C> U I c ¢ Cn 0 F- N U_ M = 2 I O 0 Z F_ 0 I 0 I 0 0 I — Wind Energy System I PROHIBITED IN ALL DISTRICTS1 PROHIBITED IN ALL DISTRICTS Chapter 3, Section 2 Wind Energy System — A wind energy conversion system consisting of a wind turbine, a tower, and associated control or conversion electronics, which has a rated capacity of not more than 10kW and is intended to reduce on -site consumption of electricity. SECTION 4: Savings/Repealing Clause: Prosper's Zoning Ordinance No. 05-20 shall remain in full force and effect, save and except as amended by this or any other Ordinance. All provisions of any ordinance in conflict with this Ordinance are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the repealed ordinance, nor shall the repeal prevent a prosecution from being commenced for any violation if occurring prior to the repeal of the ordinance. Any remaining portions of said ordinance shall remain in full force and effect. SECTION 5: Severabili : Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, clause or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses and phrases be declared unconstitutional or invalid. SECTION 6: Penalty Provision. Any person, firm, corporation or business entity violating this Ordinance or any provision of Prosper's Zoning Ordinance No. 05-20, or as amended, shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be fined a sum not exceeding Two Thousand Dollars ($2,000.00). Each continuing day's violation under this Ordinance shall constitute a separate offense. The penal provisions imposed under this Ordinance shall not preclude Prosper from filing suit to enjoin the violation. Prosper retains all legal rights and remedies available to it pursuant to local, state and federal law. SECTION 7: Effective Date: This Ordinance shall become effective from and after its adoption and publication as required by law. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS ON THIS 261hDAY OF AUGUST, 2008. ATTESTED TO AND CORRECTLY RECORDED BY: Matthew Denton, Town Secretary DATE OF PUBLI CATION. APPROVED AS TO FORM: Charles Niswanger, Mayor Dallas Morning News — Collin County Addition 2 t P TOWN ER. To: Mayor and Town Council From: Wade Harden, Senior Planner PARKS & RECREATION CC: Mike Land, Town Manager Hulon T. Webb, Jr., PE., Director of Development Services / Town Engineer Re: Town Council Meeting — August 26, 2008 Date: August 20, 2008 Agenda Item: Consider and act upon 1) a User Agreement between the Prosper Area Soccer Association and the Town of Prosper, regarding the use of Folsom Park and 2) adopt a resolution authorizing the Town Manager to execute the same. Description of Agenda Item: The Folsom Park improvements are substantially complete, with Staff working with the contractor to address some minor issues on the site. The project will provide area residents with new recreational opportunities including the option of using the facility for organized athletic team practice. Following collaboration with the Town Parks Board (PARBd), Town Council and the LaCima Home Owner's Association (HOA) Advisory Board, staff has drafted an agreement for the use of the fields for organized team practices. The agreement specifically addresses the following 1. Town's right to control the use of the field for organized team practice. 2. The required parking locations for patrons of the User. 3. User's requirement to inform its patrons concerning the required parking location. 4. The use of trash receptacles on -site. 5. The placement of restroom facilities being prohibited. 6. The use of the sports field lights is restricted to Monday thru Friday to 9:00 P.M. during the game season (note: over -ride timers will shut off lights at 9:00 P.M.). 7. Establishes communication between the User and Town regarding concerns with the Park and the use of the Park. 8. The use of the site for practice functions only, no game play is permitted. Budget Impact: There are no significant budget implications associated with the approval of this agreement. Agenda Item No. 8 - Page 1 of 2 Leaal Obliaations and Review: The agreement has standard language as with previous agreements reviewed by the Town Attorney. Attached Documents: • User Agreement • Resolution authorizing the Town Manager to execute the agreement. Board. Committee and/or Staff Recommendation: The use of Folsom Park was discussed at the June 19th and the July 24th PARBd meeting. The PARBd recommends the Town Council approve the agreement as drafted to address specific issues regarding the use of the park. Town staff recommends the Town Council approve 1) a User agreement with the Prosper Area Soccer Association; and 2) a resolution authorizing the Town Manager to execute the same. Agenda Item No. 8 - Page 2 of 2 FOLSOM FIELD USE AGREEMENT This Use Agreement ("Agreement") is made and entered into this day of , 2008, by and between the Town of Prosper, Texas, a municipal corporation organized under the laws of the State of Texas ("Town"), with the authorization of its governing body, and the Prosper Area Soccer Association (P.A.S.0)., (hereinafter described as the "User"), on the terms and conditions hereinafter set forth. WHEREAS, the Property is adjacent to Folsom Elementary School, 10.9f acres, more or less, described as Lakes of La Cima, Phase Three, Block 36, Tract 2X as shown on the attached Exhibit "A"; WHEREAS, the Town has determined that a special use agreement for the use of open space at the Folsom Park location is needed for the benefit of the Town and its citizens; WHEREAS, the Town has designated Folsom Park as a Neighborhood Park intended for, but not limited to passive recreational uses and for organized team sports practice area. The use of the park for scheduled organized game play is not an appropriate use at the Folsom Park location and shall be prohibited; NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows: 1. Obligations. A. Obligations of Town. i) Town shall reserve the right to prohibit the use of Folsom Park by any single team or all teams for the use of organized practices, if it deems it in the best interest of the Town. B. Obligations of the User i) The User shall require all of its patrons to use the Folsom Park parking facilities designated within Exhibit A. At no time shall the User's patrons use on -street parking facilities during scheduled practices for organized team sports. ii) The User shall make all reasonable efforts to inform its patrons of the designated Folsom Park parking locations. Verbal communication, newsletters, and flyers should be considered as part of the process to inform patrons of the User. iii) User shall make every effort to keep the Folsom Site free of litter from use by its patrons. Trash receptacles are provided by the Town for the User's patrons. iv) At no point in time shall the User locate temporary or permanent restroom facilities within Folsom Park. Page 1 of 6 v) The sports field lighting may be operated Monday through Friday for team practice during the sports season. At no point in time shall the sports field lighting remain in use following 9:00 P.M. at any point during the week. The User shall not operate the sports field lights on Saturday or Sunday. vi) User shall not schedule the Folsom Park location for league games or competitive play among two opposing teams, excluding scrimmage practice games. The site shall be used for practice and functions associated with practice to improve a player's skill sets for game play. C. Joint Obligations of the Parties. i) To keep the Park and its users in harmony with the surrounding neighborhood, the Town and the User shall maintain communication regarding the Park and its use. 2. Rules and Regulations. Use of the Park not specifically outlined as part of this agreement must comply with the Town's Comprehensive Parks Ordinance as existing or amended. A. Liability i) Town shall not be liable for any damage or injury to the persons, business (or any loss of income), goods, inventory, furnishings, fixtures, equipment, merchandise or other property of the User, User's employees, invitees or licensees, whether the damage or injury is caused by or results from: (a) fire, steam, electricity, water, gas or wind; (b) the breakage, leakage, obstruction or other defects of pipes, sprinklers, wires, appliances, plumbing, or lighting fixtures or any other cause; (c) conditions arising on or in the Park, or from other sources or places; or (d) any act or omission of the User. Town shall not be liable for any damage or injury even though the cause of or the means of repairing the damage or injury are not accessible to User. Town does not waive its right of sovereign immunity by entering into or performing the terms and conditions of this Agreement. ii) User does not waive its right of sovereign immunity by entering into or performing the terms and conditions of this Agreement. B. Compliance with the Law. i) Parties will insure that all operations and vendor activities will comply with applicable federal, state and local laws. User and Town will not be responsible for the compliance of third parties with this provision. 3. Incidents. All accidents to persons or damage to the fields / field equipment by the User's patrons shall be reported by the User receiving the report of the accident or damage to the other party verbally within twenty-four (24) hours, verbal notice may include leaving a voice mail message at the contact numbers identified in paragraph 6 below, and in writing within three (3) business days from the date of such accident or damage. Page 2 of 6 4. Default. Failure of a party to abide by any of the terms and conditions of this Agreement shall constitute an Event of Default. The defaulting party shall have ten (10) days from the date of notice within which to cure the default. The non -defaulting party shall have the right to immediately terminate this Agreement. 5. User and Town Council Approval. This Agreement is entered into by Prosper Area Soccer Association (P.A.S.0 approved by its Board of Trustees dated , 2008, authorizing the Chairman to execute the same on behalf of the Prosper Area Soccer Association., and by Town pursuant to a resolution passed by Town Council dated , 2008, authorizing the Town Manager to execute the same on behalf of the Town of Prosper. 6. Miscellaneous Provisions. A. Notices. Any notice required or permitted under this Agreement shall be given when actually delivered or when deposited in the United States mail as certified mail addressed as follows: To User: Prosper Area Soccer Association Attn: Lloyd Mills P.O. Box 1207 Prosper, TX 75078 Telephone: 972-5 62-0684 To Town: Town of Prosper Town Manager P.O. Box 307 Prosper, Texas 75078 Telephone: 972-346-2640 Facsimile: 972-347-2304 B. Entire Agreement. This Agreement contains the entire agreement of the parties with respect to the matters contained herein and may not be modified or terminated except upon the provisions hereof or by the mutual written agreement of the parties hereto. C. Venue. This Agreement shall be construed in accordance with the laws of the State of Texas and shall be performable in Collin County, Texas. D. Consideration. This Agreement is executed by the parties hereto without coercion or duress and for substantial consideration, the sufficiency of which is forever confessed. E. Sovereign Immunity. Nothing in this Agreement shall be deemed a waiver of the governmental, sovereign, or official immunity afforded by law to either the Town or User. F. Non -Transferable. Neither party hereto shall sublet, transfer or assign any of its rights hereunder to a third party. Page 3 of 6 G. Cumulative Remedies. All rights and remedies of Town and User under this Article shall be cumulative, and none shall exclude any other right or remedy provided by law, or by any other provisions of the Agreement. All such rights and remedies may be exercised and enforced concurrently and whenever, and as often, as occasion for their exercise arises. H. Waiver of Breach. A waiver by either Town or User of a breach of the Agreement by the other party does not constitute a continuing waiver or a waiver of any subsequent breach of the Agreement. I. Parties Bound. The Agreement shall be binding upon, and inure to the benefit of, the Parties to the Agreement and their respective heirs, executors, administrators, legal representatives, successors, and assigns when permitted by this Agreement. J. Legal Construction. In case any one or more of the provisions contained in the Agreement shall for any reason be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of the Agreement, and the Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been included in the Agreement. K. Equal by all Parties. The Agreement shall be deemed drafted equally by all parties hereto. The language of all parts of the Agreement shall be construed as a whole according to its fair meaning, and any presumption or principle that the language herein is to be construed against any party shall not apply. L. Amendment. No amendment, modification, or alteration of the terms of the Agreement shall be binding unless it is in writing, dated subsequent to the date of the Agreement, and duly executed by the parties to the Agreement. M. Force Majeure. Neither Town nor User shall be required to perform any term, condition, or covenant in the Agreement so long as performance is delayed or prevented by force majeure, which shall mean acts of God, strikes, lockouts, material or labor restrictions by any governmental authority, civil riots, floods, and any other cause not reasonably within the control of Town or User and which by the exercise of due diligence Town or User is unable, wholly or in part, to prevent or overcome. N. Expiration. The agreement shall expire on July 31 of each calendar year. Page 4 of 6 Attest: Matt Denton, Town Secretary TOWN OF PROSPER, TEXAS Mike Land, Town Manager Date: PROSPER AREA SOCCER ASSOCIATION Lloyd Mills, P.A.S.O. Chair Date: Page 5 of 6 ��,4e S omer4l\le Q R rn C� CD C [D EXHIBIT "A" TOWN OF PROSPER, TEXAS RESOLUTION NO. A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, HEREBY AUTHORIZING THE TOWN MANAGER OF THE TOWN OF PROSPER, TEXAS, TO EXECUTE A USER AGREEMENT BETWEEN PROSPER AREA SOCCER ASSOCIATION, AND THE TOWN OF PROSPER. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: SECTION 1: The Town Manager of the Town of Prosper, Texas, is hereby authorized to execute, on behalf of the Town Council of the Town of Prosper, Texas, a user agreement between Prosper Area Soccer Association, and the Town of Prosper, as hereto attached. SECTION 2: This Resolution shall take effect immediately upon its passage. RESOLVED THIS THE 261h day of August, 2008. Charles Niswanger, Mayor ATTEST TO: Matthew Denton Town Secretary p TOWN SPER To: Mayor and Town Council From: Wade Harden, Senior Planner PARKS A RECREATION CC: Mike Land, Town Manager Hulon T. Webb, Jr., PE., Director of Development Services / Town Engineer Re: Town Council Meeting — August 26, 2008 Date: August 20, 2008 Agenda Item: Consider and act upon a resolution acknowledging the Town's intent regarding the improvements at Folsom Park. Description of Agenda Item: Following collaboration with the Town Parks Board (PARBd), Town Council, LaCima Home Owner's Association (HOA) Advisory Board and citizens, staff has drafted a resolution outlining the Town's intent with the Folsom Park location. This resolution specifically addresses the following- 1. Town's intent not to allow league game play on the site. 2. The requirement for athletic leagues to enter into contract with the Town prior to using the location for organized practice functions. 3. Town's intent to keep six permanent soccer goals on the site. 4. Town's intent to remove all bleachers from the location. 5. Town's intent to revisit the option of removing the sports lights following one year from the approval of the resolution. Budget Impact: There are no significant budget implications associated with the approval of this agreement. Legal Obligations and Review: The resolution does not require legal review and has not been reviewed the Town Attorney. Attached Documents: • Resolution expressing the Town's intentions with Folsom Park. Board. Committee and/or Staff Recommendation: The use of Folsom Park was discussed at the June 19th and the July 24th PARBd meeting. The PARBd recommends the Town Council approve the resolution addressing the concerns stated. Town staff recommends the Town Council review the proposed resolution and consider adopting it as proposed or with minor changes. Agenda Item No. 9 - Page 1 of 1 TOWN OF PROSPER, TEXAS RESOLUTION NO. A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, HEREBY ACKNOWLEDGING THE TOWNS INTENT FOR THE USE OF FOLSOM PARK. WHEREAS, the Town Council recognizes Folsom Park as a public neighborhood park as designated by the 2007 Parks, Recreation and Open Space Master Plan; and WHEREAS, improvements made to Folsom Park will provide benefit to the Citizens of the Town of Prosper; and WHEREAS, the Town Council has determined that the development and future use of Folsom Park should remain that of a public neighborhood park; and WHEREAS, the Town Council has determined organized athletic team practices within the Park are an appropriate use of the facility; and WHEREAS, the Town Council has determined that organized league game play is not an appropriate use of the park facility; and WHEREAS, the Town Council has determined that athletic leagues using the park should enter into an agreement with the Town for field use: and WHEREAS, The Town Council has determined there is no need to install permanent or temporary restroom facilities; and WHEREAS, the Town Council has determined the six goals on site is an appropriate number of goals to serve the citizen in the area; and WHEREAS, the Town Council has determined that the development and future use of Folsom Park should remain that of a public neighborhood park; and WHEREAS, the Town Council has determined the removal of all bleachers from the site will not have a bearing on the intensity of the Parks use and direct Staff to remove the bleacher from the Park; and WHEREAS, the Town Council has determined it is appropriate to review and receive input from Town Citizens regarding the removal of the four (4) sports field lighting fixtures one year from date this Resolution is approved. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: SECTION 1: That this Resolution shall take effect immediately upon its passage. RESOLVED by affirmative vote of the Town Council on this 26th day of August, 2008. Charles Niswanger, Mayor ATTEST: Matthew Denton, Town Secretary ENGINEERING To: Mayor and Town Council From: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer CC: Mike Land, Town Manager Re: Town Council Meeting — August 26, 2008 Date: August 21, 2008 Aaenda Item: Consider and act upon 1) an Escrow Agreement regarding the timing of construction of various turn lane improvements to serve the Prosper Plaza Project and 2) adopt a resolution authorizing the Town Manager to execute the same. Description of Agenda Item: In conjunction with the development of Prosper Plaza, the developer is required to install and/or fund various turn lane improvements with the development, with the TxDOT Intersection Improvement Project at US 380 and Custer Road, and immediately following the TxDOT Intersection Improvement Project. These improvements include the following: Phase 1: (To be constructed with the development) • Installation of a right turn lane at the northern most entrance into the Development off of F.M. 2478-Custer Road. • Installation of a right turn lane at the western most entrance into the Development off of U.S. Highway 380. • Restriping of a left turn lane on U.S. Highway 380 at the western most entrance into the Development. • Restriping of a left turn lane on U.S. Highway 380 at the main divided entrance into the Development. Phase 2: (To be constructed with the TxDOT Intersection Improvement Project) • Installation of a left turn lane for northbound traffic into the Development at the main divided entrance on F.M. 2478-Custer Road. • Reconstruction of the left turn lane for eastbound traffic into the Development at the main divided entrance at U.S. Highway 380. Agenda Item No. 10 - Page 1 of 2 Phase 3: (To be constructed immediately following the TxDOT Intersection Improvement Project) • Installation of a right turn lane for southbound traffic on F.M. 2478-Custer Road into the Development at the main divided entrance at F.M. 2478-Custer Road. • Installation of a right turn lane for westbound traffic on U.S. Highway 380 into the Development at the main divided entrance at U.S. Highway 380. In order for the Phase 2 improvements to be constructed with the TxDOT Intersection Improvements Project, the Town will be responsible for entering into an Interlocal Cooperative Agreement with the City of McKinney. Budget Impact: Per the terms of the attached Escrow Agreement, the Developer would be responsible for the cost associated with the improvements in the following manner: • Phase One. Developer, at Developer's sole cost and expense, shall complete the Phase One work on or before December 1, 2008, subject to a Force Majeure Event. Phase Two. On or before December 1, 2008, Developer shall deposit in escrow with Town the sum of Ninety-eight Thousand Eight Hundred Eighty Dollars and 75/100 ($98,880.75) to be applied toward the construction costs for the Phase Two work. Developer further agrees to cover any cost overruns associated with the items not reasonably known or identified as of the date of this Agreement. Phase Three. On or before December 1, 2008, Developer shall deposit in escrow with Town the sum of One Hundred Thirty-five Thousand Four Hundred Eighty Dollars ($135,480.00) representing the cost of the Phase Three work. Developer further agrees to cover any cost overruns associated with the items not reasonably known or identified as of the date of this Agreement. Any remaining escrowed funds after final completion and payment of the Phase Three work shall be returned by Town to Developer. Legal Obligations and Review: The Escrow Agreement was review and approved by the Town Attorney. Attached Documents: The following documentation is being provided for review: • Escrow Agreement • Resolution authorizing the Town Manager to execute the agreement Board. Committee and/or Staff Recommendation: Town staff recommends that the Town Council: 1) approve an Escrow Agreement regarding the timing of construction of various turn lane improvements to serve the Prosper Plaza Project and 2) adopt a resolution authorizing the Town Manager to execute the same. Agenda Item No. 10 - Page 2 of 2 ESCROW AGREEMENT FOR PROSPER PLAZA TURN LANE IMPROVEMENTS This ESCROW AGREEMENT (the "Agreement") is entered into effective as of , 2008, among the Town of Prosper, Texas, a municipal corporation (the "Town") and Custer -Prosper, LP (the "Developer'), a Texas limited partnership, and Town Manager of the Town or his/her designee (the "Escrow Agent'). RECITALS A. Developer is currently developing a retail shopping center site of approximately 39 acres in the Town at the northwest corner of U.S. Highway 380 and F.M. 2478-Custer Road (the "Development"), which is described on Exhibit A, attached hereto and made a part hereof (hereinafter referred to as the "Property"). B. As a part of Developer's obligations in connection with the Development, Town has required Developer to install certain turn lanes into the Development from both U.S. Highway 380 and F.M. 2478-Custer Road (hereinafter defined and referred to as "Phase One" work). C. As an additional part of Developer's obligations in connection with the Development, Town shall require Developer to pay the construction costs of a left turn lane into the Development from U.S. Highway 380 and a left turn lane into the Development from F.M. 2478-Custer Road to be constructed by the Texas Department of Transportation ("TxDOT") as part of TxDOT's other improvements to the intersection of U.S. Highway 380 and F.M. 2478- Custer Road (hereinafter defined and referred to as "Phase Two" work). D. As a further additional part of Developer's obligations in connection with the Development, Town shall require Developer to install a right turn lane for southbound traffic on F.M. 2478-Custer Road into the Development at the main divided entrance at F.M. 2478-Custer Road and install a right turn lane for westbound traffic on U.S. Highway 380 into the Development at the main divided entrance at U.S. Highway 380 (hereinafter defined and referred to as "Phase Three" work). E. Developer has agreed to install and pay for the Phase One work. F. Developer has further agreed to deposit funds (hereinafter referred to as the "Escrow Funds") in escrow to pay for the Phase Two and Phase Three work based upon estimates of the cost of that work; provided, however, if the cost of the Phase two and/or Phase Three Work exceeds the amount of the Escrow Funds, Developer has agreed to pay the additional costs as provided below. G. Town and Developer wish to reduce to writing the above referenced construction and financial obligations of Developer and the timeline for satisfying same. Therefore, for good and valuable consideration, the parties agree as follows: I . Definitions. In this Agreement: a. "Force Maieure Event" means a delay in performance caused by war, terrorist acts, insurrection, strikes or other labor disturbances, walkouts, riots, floods, earthquakes, fires, casualties, or acts of God; restrictions or delays imposed or mandated by governmental agencies; enactment of laws that prevent or preclude compliance; and litigation, relating to the work. b. "KCl/Kennedv Consulting Agreement" means that certain letter agreement dated April 25, 2008 between Developer and KCUKennedy Consulting for engineering and design services to be provided by KCUKennedy Consulting in connection with the Phase Two and Phase Three work, attached hereto as Exhibit B. and incorporated herein for all purposes. c. "Phase One" means the work shown on Exhibit C, attached hereto and listed below: i. Installation of a right turn lane at the northern most entrance into the Development off of F.M. 2478-Custer Road. ii. Installation of a right turn lane at the western most entrance into the Development off of U.S. Highway 380. iii. Restriping of a left turn lane on U.S. Highway 380 at the western most entrance into the Development. iv. Restriping of a left turn lane on U.S. Highway 380 at the main divided entrance into the Development. d. "Phase Two" means the work shown on Exhibit D, attached hereto and listed below: i. Installation of a left turn lane for northbound traffic into the Development at the main divided entrance on F.M. 2478-Custer Road (to be constructed by Texas Department of Transportation ("TxDOT") in connection with TxDOT's Intersection Improvement Project). ii. Reconstruction of the left turn lane for eastbound traffic into the Development at the main divided entrance at U.S. Highway 380 (to be constructed by TxDOT in connection with TxDOT's Intersection Improvement Project). e. "Phase Three" means the work as shown Exhibit E, attached hereto and listed below: i. Installation of a right turn lane for southbound traffic on F.M. 2478- Custer Road into the Development at the main divided entrance at F.M. 2478-Custer Road. ii. Installation of a right turn lane for westbound traffic on U.S. Highway 380 into the Development at the main divided entrance at U.S. Highway 380. f. "TxDOT Intersection Improvement Proiect' means the improvements to be constructed by TxDOT at the intersection of U.S. Highway 380 and F.M. 2478-Custer Road as referenced in that certain Interlocal Agreement between Town and the City of McKinney attached hereto as Exhibit F. and incorporated herein for all purposes ("Interlocal Agreement'). 2. Construction of Phase One. Developer, at Developer's sole cost and expense, shall complete the Phase One work on or before December 1, 2008, subject to a Force Majeure Event. 3. Construction of Phase Two. On or before December 1, 2008, Developer shall deposit in escrow with Town the sum of Ninety-eight Thousand Eight Hundred Eighty Dollars and 75/100 ($98,880.75) to be applied toward the construction costs (as set out on Exhibit D-1 attached hereto) for the Phase Two work. Developer further agrees to cover any cost overruns associated with the items listed on Exhibit D=1 which are not reasonably known or identified as of the date of this Agreement. Town agrees to release the escrowed funds as required by the Interlocal Agreement. 4. Construction of Phase Three. Within thirty (30) days after receipt of written notice from Town that the Phase Two work has been satisfactorily completed by the TxDOT contractor, Developer shall commence construction of the Phase Three work and diligently pursue the construction thereof to its conclusion within sixty (60) days after commencement, subject to a Force Majeure Event. To ensure Town of Developer's financial ability to complete the Phase Three work, Developer shall, on or before December 1, 2008, escrow with Town the sum of One Hundred Thirty-five Thousand Four Hundred Eighty Dollars ($135,480.00) representing the cost of the Phase Three work (as set out on Exhibit E-1 attached hereto). Developer further agrees to cover the cost of overruns associated with the items listed on Exhibit E-1 which are not reasonably known or identified as of the date of this Agreement. Town agrees to pay to the contractor all or portions of the One Hundred Thirty-five Thousand Four Hundred Eighty Dollars ($135,480.00) within thirty (30) days after receipt from the contractor performing the Phase Three work an invoice for the Phase Three work completed to the date of invoice. Any remaining escrowed funds after final completion and payment of the Phase Three work shall be returned by Town to Developer. 5. Engineering Service Fees. Developer will pay the cost of the engineering service fees of KCl/Kennedy Consulting for the Phase Two and Phase Three work as set forth in Exhibit B. 6. Delivery of Funds to Escrow Agent. Developer and the Town hereby agree that the amount of the Escrow Funds for the Phase Two work (the "Phase Two Escrow") is Ninety-eight Thousand Eight Hundred Eighty Dollars and 75/100 ($98,880.75). A cost estimate of the Phase Two work is set forth in the Exhibit D-1 of this Agreement. On or before December 1, 2008, Developer shall deliver the Escrow Funds associated with the Phase Two work in cash or other immediately available funds to Escrow Agent. Escrow Agent agrees to hold and disburse the Escrow Funds in the Phase Two Escrow in strict accordance with the provisions of this Agreement. Escrow Agent shall deposit the Escrow Funds in an interest bearing account. All interest earned on the Escrow Funds shall remain deposited in escrow with Escrow Agent, and such interest shall become attributable to Developer and shall be paid to Developer upon completion of the Phase Two work, provided the amount of the Escrow Funds in the Phase Two Escrow exceeds the cost of the Phase Two work. Developer acknowledges that this Agreement requires the Developer to pay the full costs of the Phase Two work and that additional funds will be required from Developer if the Escrowed Funds in the Phase Two Escrow are less than the cost of the Phase Two work. Developer and the Town hereby agree that the amount of the Escrow Funds for the Phase Three work (the "Phase Three Escrow") is One Hundred Thirty-five Thousand Four Hundred Eighty Dollars ($135,480.00). A cost estimate of the Phase Three work is set forth in the Exhibit E-1 of this Agreement. Developer shall deliver to the Escrow Agent the Escrow Funds associated with the Phase Three work on or before December 1, 2008 in cash or other immediately available funds. Escrow Agent agrees to hold and disburse the Escrow Funds in the Phase Three Escrow in strict accordance with the provisions of this Agreement. Escrow Agent shall deposit the Escrow Funds in an interest bearing account. All interest earned on the Escrow Funds shall remain deposited in escrow with Escrow Agent, and such interest shall become attributable to Developer and shall be paid to Developer upon completion of the Phase Three work, provided the amount of the Escrow Funds in the Phase Three Escrow exceeds the cost of the Phase Three work. Developer acknowledges that this Agreement requires the Developer to pay the full costs of the Phase Three work and that additional funds will be required from Developer if the Escrowed Funds in the Phase Three Escrow are less than the cost of the Phase Three work. 7. Disbursement of Escrow Funds. The Escrow Funds shall be held and disbursed by Escrow Agent to pay for the respective costs of the Phase Two and Phase Three work, as the case may be. From time to time, but no more frequently than monthly, and promptly upon receipt by Escrow Agent from Town of a request for funds (which requests shall include invoices, contracts or other evidence that a payment is due towards the construction of the Phase Two and Phase Three work, as the case may be), Escrow Agent shall release to the Town -authorized requestor from the Escrowed Funds (the Phase Two Escrow or the Phase Three Escrow, as the case may be) the amount requested. The portions of this Agreement applicable to the Phase Two work and the Phase Two Escrow will terminate upon the final disbursement of the Phase Two Escrow funds by the Escrow Agent or the satisfactory completion of the Phase Two work and its final acceptance by the Town whichever is later. The portions of this Agreement applicable to the Phase Three work and the Phase Three Escrow will terminate upon the final disbursement of the Phase Three Escrow funds by the Escrow Agent or the satisfactory completion of the Phase Three work and its final acceptance by the Town whichever is later. 8. Duties of Escrow Agent. Escrow Agent shall act as escrow agent hereunder. Simultaneously with the execution of this Agreement, Developer shall pay to Escrow Agent the sum of no dollars ($0.00) for the performance of Escrow Agent's obligations under this Agreement. Escrow Agent shall not be liable for any act or thing done or caused to be done, directly or indirectly, by him under or pertaining to this Agreement or the Escrow Funds, except for the gross negligence or willful misconduct of Escrow Agent. In the event of any conflicting demands made upon Escrow Agent, he may withhold his performance under this Agreement until said conflicting demands are withdrawn or until the rights of the respective parties have been settled by a court of competent jurisdiction, as evidenced by an executed judgment that is final and non -appealable. 9. Resignation of Escrow Agent. Escrow Agent may resign as Escrow Agent under this Agreement by giving written notice to Developer and Town, in accordance with the provisions of this Agreement at least thirty (30) days prior to the effective date of such resignation. Thereafter, Escrow Agent shall deliver to Town and Developer, jointly, any remaining Escrow Funds held pursuant to this Agreement upon the joint written and signed order of Developer and Town. If no such order is received by Escrow Agent within thirty (30) days after the giving of such notice, Escrow Agent is authorized and empowered to deposit the Escrow Funds into the registry of a court of competent jurisdiction. Upon the effective date of the resignation of Escrow Agent and delivery of the Escrow Funds in accordance with this section, Escrow Agent shall have no further obligations, duties and/or liabilities with regard to this Agreement. 10. Removal of Escrow Agent. Developer and Town may jointly remove Escrow Agent, with or without cause, and appoint a substitute escrow agent or otherwise designate the disposition of the Escrow Funds without additional formality other than giving written notice to Escrow Agent at Escrow Agent's address set forth below in which event Escrow Agent shall deliver the Escrow Funds in accordance with the joint written and signed instructions of Developer and Town and shall thereupon be deemed to be removed as of the date designated in such notice, or if no date is designated, as of the date such delivery is made. Upon the effective date of the removal of Escrow Agent and delivery of the Escrow Funds in accordance with this paragraph, Escrow Agent shall have no further obligations, duties and/or liabilities with regard to this Agreement. 11. Miscellaneous Provisions. a. Notice. Any notice required to be sent under this Agreement must be in writing and may be served by depositing same in the United States Mail, addressed to the party to be notified, postage pre -paid and registered or certified with return receipt requested, or by delivering the same in person to such party via a hand -delivery service, Federal Express or any courier service that provides a return receipt showing the date of actual delivery of same to the addressee thereof. Notice given in accordance herewith shall be effective upon the receipt at the address of the addressee. For purposes of notice, the addresses of the parties shall be as follows: If to Town: Town of Prosper Attention: Town Manager 121 W. Broadway, P.O. Box 307 Prosper, Texas 75078-0307 With Copy to: Abernathy, Roeder, Boyd and Joplin, P.C. Attention: Rebecca Brewer 1700 Redbud Blvd., Suite 300 McKinney, Texas 75070-1210 If to Developer: Custer -Prosper LP c/o Cross Development Attention: Steve Rumsey One Bent Tree Tower 16475 N. Dallas Parkway, Suite 550 Addison, Texas 75001 With Copy to: Robert L. Trimble, Esq. 8333 Douglas Ave., Suite 1350 Dallas, TX 75225 If to Escrow Agent: Matthew Garrett 121 W. Broadway P.O. Box 307 Prosper, Texas 75078-0307 b. Entire Agreement. This Agreement contains the entire agreement of the parties with respect to the matters contained herein and may not be modified or terminated except upon the provisions hereof or by the mutual written agreement of the parties hereto. c. Venue. This Agreement shall be construed in accordance with the laws of the State of Texas and shall be performable in Collin County, Texas. d. Consideration. This Agreement is executed by the parties hereto without coercion or duress and for substantial consideration, the sufficiency of which is forever confessed. e. Counterparts. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. A facsimile signature will also be deemed to constitute an original if properly executed. f. Authority to Execute. The individuals executing this Agreement on behalf of the respective parties below represent to each other and to others that all appropriate and necessary action has been taken to authorize the individual who is executing this Agreement to do so for an on behalf of the party for which his or her signature appears, that there are no other parties or entities required to execute this Agreement in order for the same to be an authorized and binding agreement on the party for whom the individual is signing this Agreement and that each individual affixing his or her signature hereto is authorized to do so, and such authorization is valid and effective on the date hereof. g. Savings/Severability. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision thereof, and this Agreement shall be construed if such invalid, illegal or unenforceable provision had never been contained herein. h. Representations. Each signatory represents this Agreement has been read by the party for which this Agreement is executed and that such party has had an opportunity to confer with its counsel. i. Miscellaneous Drafting Provisions. This Agreement shall be deemed drafted equally by all parties hereto. The language of all parts of this Agreement shall be construed as a whole according to its fair meaning, and any presumption or principle that the language herein is to be construed against any party shall not apply. Headings in this Agreement are for the convenience of the parties and are not intended to be used in construing this document. j. Sovereign Immunity. Except for its obligations hereunder, the parties agree that Town has not waived its sovereign immunity by entering into and performing its obligations under this Agreement. k. Assignment. Except as otherwise stated herein, this Agreement or any part thereof shall not be assigned or transferred by any party without the prior written consent of the other party. The Developer, however, may assign this Agreement to any entity or person who purchases all or any portion of the Property from the Developer (the "Purchaser") upon the following conditions: i. the assignment of this Agreement must be evidenced by a written document, which is subject to the reasonable review and approval of the Town (Town shall respond within thirty (30) days after its receipt); ii. at the time of any assignment, the Developer must give written notice that any and all obligations, covenants and/or conditions contained in this Agreement will be assumed solely and completely by the Purchaser, and the Purchaser will assume same in writing, iii. the Developer shall provide the Town with the name, address, phone number, fax number and the name of a contact person for the Purchaser. 1. Waiver. Waiver by either party of any breach of this Agreement, or the failure of either party to enforce any of the provisions of this Agreement, at any time, shall not in any way affect, limit or waive such party's right thereafter to enforce and compel strict compliance. in. Reference to Developer. When referring to "Developer" herein, this Agreement shall refer to and be binding upon Developer, and its successors and assignees. n. No Third Party Beneficiaries. Nothing in this Agreement shall be construed to create any right in any third party not a signatory to this Agreement, and the parties do not intend to create any third party beneficiaries by entering into this Agreement. o. Attorney's Fees. In any legal proceeding brought to enforce the terms of this Agreement, the prevailing party may recover its reasonable and necessary attorney's fees from the non -prevailing party as permitted by Section 271.159 of the Texas Local Government Code, as it exists or may be amended. p. Incorporation of Recitals. The representations, covenants and recitations set forth in the foregoing recitals of this Agreement are true and correct and are hereby incorporated into the body of this Agreement and adopted as findings of Town and Developer. IN WITNESS WHEEOF, the parties have executed this Agreement to be effective the day of , 2008. Developer: Custer -Prosper, L.P., a Texas limited partnership By: Cross Development Prosper-Catlyn, L.P., a Texas limited partnership, its general partner Attest: By: Cross Development Prosper-Catlyn GP, LLC, a Texas limited liability company, its general partner Steve Rumsey, Vice President Town: Town of Prosper, Texas Matthew Denton, Town Secretary Mike Land, Town Manager Approved as to form: Abernathy Roeder Boyd & Joplin P.C. Rebecca Brewer, Town Attorney Escrow Agent: Matthew Garrett Finance Director, Town of Prosper Exhibit "A" (Property Description) STATE OF TEXAS § COUNTY OF COLLIN § WHEREAS, Custer -Prosper, L.P. is the owner of a tract of land situated in the City of Prosper, Collin County, Texas out of the Jeremiah Horn, Abstract No. 411 and being al 1 of a 39.8517 acre tract of land conveyed to Custer -Prosper, L.P. according to the deed fled for record in County Clerk's File Number 20070423000540690, Deed Records, Collin County, Texas and being more particularly described by metes and bounds as follows: BEGINNING at a 5/8" iron rod found in the north right of way line of U.S. Highway 380 (variable -width right of way), the most southerly southeast corner of said 39.5817 acre tract; THENCE, along said north right of way line, the south line of said 39.8517 acre tract, South 87 degrees 25 minutes 28 seconds West, a distance of 343.74 feet to a 5/8" iron rod found; THENCE, continuing along said common line, South 89 degrees 10 minutes 04 seconds West, a distance of 545.75 feet to a 5/8" iron rod found; THENCE, continuing along said common line, South 89 degrees 18 minutes 42 seconds West, a distance of 444.58 feet to a 5/8" iron rod found; THENCE, continuing along said common line, North 69 degrees 03 minutes 20 seconds West, a distance of 60.54 feet to a 5/8" iron rod found; THENCE, continuing along said common line, South 74 degrees t2 minutes 42 seconds West, a distance of 45.03 feet to a point in a drainage ditch, the southwest corner of said 39.851 7 acre tract; THENCE, departing said common line, and along the west line of said 39.8517 acre tract, North 11 degrees 22 minutes 46 seconds West, a distance of 458.07 feet to a point; THENCE, continuing along said west line, North 26 degrees 49 minutes 38 seconds East, a distance of 359.64 feet to a point; THENCE, continuing along said west line, North 07 degrees 39 minutes 59 seconds East, a distance of 376.71 feet to a point, the northwest corner of said 39.8517 acre tract; THENCE, along the north line of said 39.8517 acre tract, North 89 degrees 10 minutes 00 seconds East, a distance of 1,393.69 feet to the northeast corner of said 39.8517 acre tract, lying in the west right of way line of Custer Road (F.M. 2478) (variable width right of way), a point from which a 5/8' iron rod found bears North 20 degrees 05 minutes, 00 seconds, West, a distance of 0.39 feet; THENCE, along said west right of way line, the east line of said 39.8517 acre tract, South 00 degrees 50 minutes 00 seconds East, a distance of 1046.68 feet to a point from which a concrete monument found with brass disk stamped "Geological Survey Benchmark" bears South 05 degrees 43 minutes, 00 seconds, East, a distance of 1.63 feet, the most easterly southeast corner of said 39.5817 acre tract, the beginning of a corner clip; THENCE, along said corner clip, South 44 degrees 55 minutes 12 seconds West, a distance of 138.00 feet to the POINT OF BEGINNING, and containing 1,735,940 square feet or 39.8517 acres of land, more or less. t �ro 'Ijn _ < V 9 'S_� �. := 104 C� avow - noura,ni a •w,o� =) 1 .V.F.MA../ ..• emu. �,`1 _ ?L S. -fc jig 1 I t 1 1 Y t _� Eva 1 it CO. f I .a 10, 1 i 1 1 I 1 € 1 1 I i � I t -•r I I I -1 ■ ; I I V: �: I f #si`E�si a_ age a U S"i i ib`_• � 1 S� =••jj k , esr: 1f ' :ft?rf>c 1 1 1 is _'=ts 1 f€1 i i I It 1 I fps 1 � 1 ` I ------------------ I 1 I -- ---- -- ---- t r----------------- L--------- t: f i f Exhibit "B" KENNEDY GONSVLliNr3 April 25,.2008 Mr. Kevin Wiles Cross Development 16475 N. Dallas Pkwy Addison, TX 75001 Re: Proposal for Civil Engineering Services Prosper Development —Turn Lane Design Dear Kevin: Suite 101 1871 karroun Avenue MCKlnnry, Texea 75069 TEL 972 sit 17s1 FAX 972 529 2294 We appreciate the opportunity to provide our services for your new Prosper Plaza turn lanes on FM 2478 (Custer Road) and US 380 in the Town of Prosper. Based on our familiarity with the site and 'IADOT design criteria, we prepared the following Scope of Services for your consideration: SCOPE OF SERVICES Development Q2grdinot ion — Kennedy Consulting, Ltd. (KCI) will coordinate with RKM Consulting Engineers, Inc. and any other consultants as necessary to fialize the design of various turn lanes on Custer Road and US 380 (Phase Two: two (2) tell turn lanes and Phase Three: two (2) right turn lang . We will attend meetings with the Town of Prosper (Town) and (lie TxDOT Collin County Area Office ('1'xD0'I'), if necessary to finalize the construction drawings. Although no utility design or permitting Is being provided by KCI under this agreement, we will coordinate with the client and private utility companies regarding any potential utility conflicts within the construction limits of this project. Infrastructure Deslen — In accordance with the proposed phasing Qf constriction for the required Town of Prosper turn lane improvements Bear Prosper Plaza (NWC US 380 / FM 2478), KCI shall perfon» the following tasks: PHASE ONE (BYOTHERS): With the development of /lie NW coiner of US 380 and IrM 2478, the Improveulews listed below ivill be designed and constructed by others: I'M247N ■ Right iurn at the northern entrance US 380 ■ J,efl han lane reslriping at the ivestern entrance. • Right turn lane at the ivestern entrance ■ Left ha•n lane mslriping at the main divided entrance BECM kerMeOV CONSULnNb Mr. Kevin Wiles April 23, 2008 Page 2 of 4 PHASE TWO: With the US 380 / FM 2478 Intersection Improvements Project, the improvement listed below will be designed by KCi and constructed by others: 78 • Left turn lane at the main divided entrance US 380 • Left turn lane reconstruction at the main divided entrance (with Intersection Improvement Project) KCI will prepare and % or revise deliriled engineering plans for construction of these two left turn lanes under the current TXDOT-Caster Road project (approximated at 14 sheets). PHASE. THRE-R.- Tmmedlately preceding the US 380 / FM 2478 Intersection Improvements Project, the improvement listed below will be designed by KCI and constructed by others: FM 2478 • Right turn at titb rmuiin divided entrance US 380 • Right turn lane at the main divided entrance KCI will prepare detailed engineering plans and estimates for those two right tuna lanes tinder a separate stand alone plan set for construction by others (approximated at 30 sheets). The stand alone right turn lane construction plans will include general notes, dimension control, grading, existing utility locations (horizontal only), stonn sewer, drainage, miscellaneous details, proposed cross sections, paving and erosion control plans. 3. Reimbutsable Expenses — Reimbursable expenses include outside services not performed by KCI personnel. These services typically Include, but are not limited to reproduction, deliveries, and any review or permit fees not paid directly by Cross Development. We have included an estimate of anticipated reimbursable costs ror budgeting purposes. KENNEOV CONSVLTWc- CONDITIONS OF PROPOSAL Mr. Kevin Wiles April 25, 2008 Page 3 of 4 I This proposal is limited in Scope and Fee and is based on the following conditions: 1. Upon final approval of the turn lane design and drawings by the Town and TzDOT, services will be considered rendered and no other services are intended. 2. Any services performed and not described in the Scope of Services shall be considered Additional Services and shall be performed on an hourly rate basis as authorized or otherwise negotiated with you. 3. Our design shall be based on the final Prosper Plaza site plan as approved by Cross Development and final construction documents from the adjacent TxDOT improvements. Revisions to construction plans resulting from site plan revisions, either during or after the plans have been completed, shall be considered an Additional Service. 4. Our scope does not include any variances to Town or District criteria. Coordination of any variance requests shall be considered an Additional Service. 5. Landscape design is not included in our proposal. 6. Separate instrument easement documents and legal descriptions are not anticipated and not included in our scope. If required, separate instrument easements will be prepared as an Additional Service. 7. Off -site infrastructure, including pavement extensions, is not anticipated and is not included in our scope. 8. Our design shall be based on a geotechnical report, if necessary, to be provided by the developer. 9. Construction phase services shall be considered as an Additional Service and shall be performed on an hourly basis. A N NEDV CONSVLTIM4 CLOSURE Mr. Kevin Wiles April 25, 2008 Page 4 of 4 in consideration of the defined Scope, we prepared the attached Schedule of Professional Pees. Lump Sum fees shall he payable on a monthly basis as determined by the percentage of completion of the work during the bilihng period and such billings will be due and payable within 25 dnys. Hourly fees shall be based on our Schedule of Hourly Rates attached, which is subject to annual revision. Proposed fees do not include the amount of any excise, VAT, gross receipts, or sales tax that may be imposed. Any required taxes will be added to our invoices accordingly. This agreement shall be subject to our Standard Provisions attached. 'Ilia proposed fees shall be considered for the entire Scope of Services. Should you wish to contract with us for only a portion of the work, we reserve the right to negotiate individual Scope items on their own merits. This proposal shall be valid for sixty (60) days and may be extended upon our approval. We look forward to helping you make this a successitd project. This letter shall be considered a notice to proceed upon authorized signature below and return of one copy to our office. Please call if you have any questions. Sincerely, Kurt W. Aungst, P Sr. Associate of G.P. Kennedy Consulting, Ltd By: O'Malley -Chick, LLC (as OP) Attachments: Schedule of Professional Pees KCI Standard Provisions KCI Standard Rate Schedule AGREED AND ACCEPTED: Hr IT- O ... MN III t M N - o M N N o� 0 0 a:ig $ggS o 8�85`d 00'0'08000'00O ge Yr N VI N N N H F{i 'au O O r O o 0 0 0 0 0 0 0 0 o O O O O o 0 0 0 - 100 O �pp 0 Ip pp N a MS N V NNNN N 6 0 0 O M M 'AY 10 N Y O N N Y o 0 o N ��yy 1D Y q O R FF t; 0 3 6 N U a 6CC YNi o- N O Coco. 0 O O co o IT O t0 $ MY r N F N � D F R F O 3 _ M Msa C � 5 0 seatl� 8 n d d SSKSF2{O�i s1 0 FI F Y r a a MAIIE =1 EmLKENNEDY CONSULTING KENNEDY CONSULTING LTD STANDARD PROVISIONS (1) Consultant's Scope of Services: The Consultant's undertaking to perform professional services extends only to the services specifically described in this Agreement. However, if requested by the Client and agreed to by the Consultant, the Consultant will perform additional services ("Additional Services") hereunder. The Consultant is also authorized, but not required, to perform Additional Services for services deemed appropriate by the Consultant in response to emergencies, unanticipated actions by the Client's contractors, revised regulations, or requirements of authorities, if advance authorization cannot be obtained. The Consultant will notify the Client as soon as practical of the inception of such Additional Services. (2) Client's Responsibilities In addition to other responsibilities described herein or Imposed by law, the Client shall: (a) Designate in writing a person to act as its representative with respect to this Agreement, such person having complete authority to transmit instructions, receive information, and make or interpret the Client's decisions. (b) Provide all information and criteria as to the Clients requirements, objectives, and expectations for the project including all numerical criteria that are to be met and all standards of development, design, or construction. (c) Provide to the Consultant all previous studies, plans, or other documents pertaining to the project and all new data reasonably necessary in the Consultant's opinion, such as site survey and engineering data, environmental impact assessments or statements, zoning or other land use regulations, etc., upon all of which the Consultant may rely. (d) Arrange for access to the site and other private or public property as required for the Consultant to provide its services. (e) Review all documents or oral reports presented by the Consultant and tender in writing decisions pertaining thereto within a reasonable time so as not to delay the services of the Consultant. () Furnish approvals and permits from governmental authorities having jurisdiction over the project and approvals and consents from other parties as may be necessary for completion of the Consultant's services. (g) Cause to be provided such independent accounting, legal, insurance, cost estimating and overall feasibility services as the Client may require or the Consultant may reasonably request. (h) Give prompt written notice to the Consultant whenever the Client becomes aware of any development that affects the scope and timing of the Consultant's services or any defect or noncompliance in any aspect of the project. (i) Bear all costs incident to the responsibilities of the Client. (3) Period of Services Unless otherwise stated herein, the Consultant will begin work timely after receipt of an executed copy of this Agreement and will complete the services in a reasonable time. This Agreement is made in anticipation of conditions permitting continuous and orderly progress through completion of the services. Times for performance shall be extended as necessary for delays or suspensions due to any circumstances that the Consultant does not control. Such a delay or suspension shall not terminate this Agreement unless the Consultant elects to terminate pursuant to other provisions of this Agreement. If such delay or suspension extends for more than six months (cumulatively), the rates of compensation provided for in this Agreement shalt be renegotiated. (4) Compensation for Additional Services Unless otherwise agreed to in writing, the Client shall pay the Consultant for the performance of any Additional Services certain direct expenses including duplicating, mileage, express delivery, and other direct expenses at 1.15 times cost. Technical use of computers for design, analysis, and graphics, etc., will be billed at $20.00 per hour. (5) Method of Payment Compensation shall be paid to the Consultant in accordance with the following provisions: (a) Invoices will be submitted by the Consultant to the Client periodically for services performed and expenses incurred. Payment of each invoice will be due within 25 days of receipt. The Client shall also pay to the Consultant all taxes, if any, whether state, local, or federal, levied with respect to amounts paid hereunder. Interest will be added to accounts not paid within 25 days at 12% per annum beginning on the 25th day. The Consultant shall be compensated in U.S. dollars. If the Client fails to make any payment due the Consultant for services and expenses within 30 days after the Consultants transmittal of its invoice, the Consultant may, after giving 7 days' written notice to the Client, suspend services under this Agreement until all amounts due are paid In full. (b) If the Client objects to an invoice, it must advise the Consultant in writing giving its reasons within 14 days of receipt of the invoice or the Client's objections will be waived, and the invoice shall conclusively be deemed due and owing. (c) If the Consultant Initiates legal proceedings to collect payment, it may recover, in addition to all amounts due, its reasonable attorneys' fees, reasonable experts' fees, and other expenses related to the proceedings. Such expenses shall include the cost, at the Consultant's normal hourly billing rates, of the time devoted to such proceedings by its employees. (d) The Client agrees that the payment for services rendered and expenses incurred by the Consultant pursuant to this Agreement is not subject to any contingency or condition. (6) Use of Documents: All documents, including but not limited to drawings, specifications and data or programs stored electronically, prepared by the Consultant are related exclusively to the services described in this Agreement. They are not intended or represented to be suitable for partial use or reuse by the Client or others on extensions of this project or on any other project. Any modifications made by the Client to any of the Consultant's documents, or any partial use or reuse of the documents without written authorization or adaptation by the Consultant will be at the Client's sole risk and without liability or legal exposure to the Consultant, and the Client shall indemnity, defend and hold the Consultant harmless from all claims, damages, losses and expenses, including but not limited to attorneys' fees, resulting therefrom. Any authorization or adaptation will entitle the Consultant to further compensation at rates to be agreed upon by the Client and the Consultant. (7) Opinions of Cost Because the Consultant does not control the cost of labor, materials, equipment or services furnished by others, methods of determining prices, or competitive bidding or market conditions, any opinions rendered as to costs, including but not limited to opinions as to the costs of construction and materials, shall be made on the basis of its experience and represent its judgment as an experienced and qualified professional, familiar with the industry. The Consultant cannot and does not guarantee that proposals, bids or actual costs will not vary from its opinions of cost. If the Client wishes greater assurance as to the amount of any cost, it shall employ an independent cost estimator. Consultant's services required to bring costs within any limitation established by the Client will be paid for as Additional Services. (8) Termination The obligation to provide further services under this Agreement may be terminated by either party upon seven days' written notice in the event of substantial failure by the other party to perform in accordance with the terms hereof through no fault of the terminating party. In the event of any termination, the Consultant shall be paid for all services rendered and expenses incurred to the effective dale of termination, and other reasonable expenses incurred by the Consultant as a result of such termination. If the Consultant's compensation is a fixed fee, the amount payable for services will be a proportional amount of the total fee based on the ratio of the amount of the services performed, as reasonably determined by the Consultant, to the total amount of services which were to have been performed, less prior partial payments. (9) Insurance The Consultant is protected by Workers' Compensation insurance, professional liability insurance, and general liability insurance for bodily injury and property damage and will exchange certificates of insurance upon request. If the Client directs the Consultant to obtain increased insurance coverage, or if the nature of the Consultant's activities requires additional insurance coverage, the Consultant will take out such additional insurance, if obtainable, at the Client's expense. (10) Liability In performing its professional services, the Consultant will use that degree of care and skill ordinarily exercised, under similar circumstances, by reputable members of its profession in the same locality at the time the services are provided. No warranty, express or implied, Is made or intended by the Consultants undertaking herein or its performance of services, and it is agreed that the Consultant is not a fiduciary with respect to the Client. To the fullest extent of the law, and notwithstanding any other provisions of this Agreement, the total liability, in the aggregate of the Consultant and the Consultants officers, directors, employees, agents, and sub -consultants to the Client or to anyone claiming by, through or under the Client, for any and all claims, losses, costs or damages whatsoever arising out of, resulting from or in any way related to the services under this Agreement from any cause or causes, including but not limited to, the negligence, professional errors or omissions, strict liability or breach of contract or any warranty, express or implied, of the Consultant or the Consultant's officers, directors, employees, agents, and sub - consultants, shall not exceed twice the total compensation received by the Consultant under this Agreement or $50,000, whichever is greater. Under no circumstances shall the Consultant be liable for lost profits or consequential damages, for extra costs or other consequences due to changed conditions or for costs related to the failure of contractors to perform work in accordance with the plans and specifications. (11) Certifications The Consultant shall not be required to execute any certifications or other documents that in any way might, in the judgment of the Consultant, increase the Consultant's risk or affect the availability, applicability, or cost of its insurance. (12) Expenses of litigation If litigation or arbitration related to the services performed is initiated against the Consultant by the Client, its contractors, or subcontractors, and such proceeding concludes with the entry of a judgment or award favorable to the Consultant, the Client shall reimburse the Consultant its reasonable attorneys' fees, reasonable experts' fees, and other expenses related to the proceeding. Such expenses shall include the cost, determined at the Consultants normal hourly billing rates, of the time devoted to the proceedings by the Consultant's employees. (13) Dispute Resolution All claims by the Client arising out of this Agreement or its breach shall be submitted first to mediation in accordance with the Construction Industry Mediation Rules of the American Arbitration Association as a condition precedent to litigation. Any mediation or civil action by Client must be commenced within one year of the accrual of the cause of action asserted but in no event later than allowed by applicable statutes. (14) Hazardous Substances and Conditions (a) Unless stated in the scope of services, it is agreed that the Client does not request the Consultant to perform any services or to make any determinations involving hazardous substances or conditions, as defined by federal or state law. If such services are agreed to, Consultant shall not be a custodian, transporter, handler, arranger, contractor, or remediator with respect to hazardous substances and conditions. Consultant's services will be limited to professional analysis, recommendations, and reporting, including, when agreed to, plans and specifications for isolation, removal, or remediation. (b) The Consultant shall notify the Client of hazardous substances or conditions not contemplated In the scope of services of which the Consultant actually becomes aware. Upon such notice by the Consultant, the Consultant may stop affected portions of its services until the hazardous substance or condition is eliminated. The parties shall decide if Consultant is to proceed with its services and if Consultant is to conduct testing and evaluations, and the parties may enter into further agreements as to the additional scope, fee, and terms for such services. (c) Except to the extent of negligence, if any, on the part of the Consultant in performing services expressly undertaken in connection with hazardous substances and conditions, the Client agrees to hold harmless, indemnify, and defend the Consultant from and against any and all claims, losses, damages, liability, and costs in any way arising out or connected with the presence, discharge, release, or escape of hazardous substances or conditions of any kind, or environmental liability of any nature, in any manner related to services of the Consultant. (15) Construction Phase Services (a) If the Consultant's services include the preparation of documents to be used for construction and the Consultant is not retained to make periodic site visits, the Client assumes all responsibility for interpretation of the documents and for construction observation, and the Client waives any claims against the Consultant in any way connected thereto. (b) If the Consultant provides construction phase services, the Consultant shall have no responsibility for any contractor's means, methods, techniques, equipment choice and usage, sequence, schedule, safety programs, or safety practices, nor shall Consultant have any authority or responsibility to stop or direct the work of any contractor. The Consultant's visits will be for the purpose of endeavoring to provide the Client a greater degree of confidence that the completed work of its contractors will generally conform to the construction documents prepared by the Consultant. Consultant neither guarantees the performance of contractors, nor assumes responsibility for any contractor's failure to perform its work in accordance with the contract documents. (c) The Client agrees that each contract with any contractor shall state that the contractor shall be solely responsible for job site safety and for its means and methods; that the contractor shall indemnify the Client and the Consultant for all claims and liability arising out of job site accidents; and that the Client and the Consultant shall be made additional insureds under the contractor's general liability insurance policy. (16) Assignment and Subcontracting This Agreement gives no rights or benefits to anyone other than the Client and the Consultant, and all duties and responsibilities undertaken pursuant to this Agreement will be for the sole benefit of the Client and the Consultant. Neither the Client nor the Consultant shall assign or transfer any rights under or interest in this Agreement without the written consent of the other. However, nothing herein shall prevent or restrict the Consultant from retaining independent professional associates, sub -consultants, and suppliers as the Consultant may deem appropriate. (17) Confidentiality The Client consents to the use and dissemination by the Consultant of photographs of the project and to the use by the Consultant of facts, data and information obtained by the Consultant in the performance of its services. If, however, any facts, data or Information are specifically identified in writing by the Client as confidential, the Consultant shall use reasonable care to maintain the confidentiality of that material. (18) Miscellaneous Provisions This Agreement is to be governed by the law of the State of Texas. This Agreement shall bind, and the benefits thereof shall inure to, the parties hereto, their legal representatives, executors, administrators, successors and assigns. This Agreement contains the entire and fully integrated agreement between the parties, and supersedes all prior and contemporaneous negotiations, representations, agreements or understandings, whether written or oral. This Agreement can be, supplemented or amended only by a written document executed by both parties. Provided, however, that any conflicting or additional terms on any purchase order issued by the Client shall be void and are hereby expressly rejected by the Consultant. Any provision in this Agreement that is unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such unenforceability without invalidating the remaining provisions or affecting the validity or enforceability of such provision in any other jurisdiction. The non -enforcement of any provision by either party shall not constitute a waiver of that provision nor shall it affect the enforceability of that provision or of the remainder of this Agreement. K-1 KENNEDY CONSULTING Kennedy Consulting, Ltd. 2008 HOURLY RATE SCHEDULE Labor Classification Hourly Rate Principal $ 175.00 Project Manager $ 150.00 Professional $ 125.00 Professional $ 95.00 Technician 2 $ 90.00 Technician 1 $ 75.00 Clerical $ 45.00 Effective January 1, 2008 Subject to Annual Revision I I j "HK .-F-., N Mid! JT�M. 11:14H "IN j r --il;U >CG)t Z;ux,.1111:101H. Hhli.o..; mzq 9*11 Z��rb Vj S 11J-=rLL. I I I 1,!aLLLrILLLI LLLdS ff, LIM. =.. JL jual -1q -R+'!I:H r L11 ' If Li1L1111:11:_L1_ VM 1,jj.jj:r-.,:P11-1*jj-, r ,,a! t.4 1,1431 , ! Fr—I��­' > C G5 z;o I MZ--q 1AU1.UjLW CUMR R L11 Im ------------- -7 m 130041 III Nk. U 9111111III u I I ................ 311,1:1 M Z JI1!oww{ll Q.Q �lw!La m F N O U O U O U J W Z Q V H O cc L v O N y 0 LA. = 2 Y a O N W W z 0 z W EXHIBIT "D-1" g8g8p888Qg8�8���gg�gppa�pp��$ � Q8R gQg g8 N N U N H p p p p p p p p p p Q p p N��a�°A y°AMBN�n a��iii Li a�yN p p �p'pi U N p�p t 2 w «33 y O IY �" F o �6 E m`� a_ xo ��g$Q���inaawa�aa e c S .� N H1 7 V1 �D l� OD Q ti .'�+ N .Ni N H ti N H •-� rl .......... ......... rT-m VT - :7LI 1i f tl -j ; f � ��)' i`N-r��lll�il-I+t♦'—Cli-1-H=tf—II' V `:� iWROK11. L I.. Im. fUHULIT wi. T7-P;& . J1 -5 - - W;Do' - a I r' I I jj.:I'..LLU-J--jJ:j I I LLLU I rN \-n[,Trrp.)Trml*l M17-711117711 LLUJI-I I.: 11. 1 ; I ILM 1; 1 iL'1 ---w rW-T1-I'I'F7LM7----TT*-'I1 T1TfTITTFJ A 'POW Igp —PTY— u 0 > r �J! Z;ux .1 'Ij R z 'u " rnzj L M m 1: 11 H! 14. P: I *wo I I I I W j 1. '--Lj-U --- �- - - - - - - CUa POkAD (F.M. 2. ) g7 m rn N O U z O F U N z O U J m m O m IL LL O z O Z a O U) Q W W z a z W cn W z Z W N � H U = ao 0 4rx N N 2:j LL = O Y EXHIBIT "E-1" gg�gg8$gg g g g g g U N H N N N N N rl N N N N H p p p p U C N N z C W � Z F z o 00 r wa � o � � W Fg e3�N rn � ZOHd p, — Cc az a�aon y a ., c� �n a v� �o n oo a •• •• W t Exhibit "F" INTERLOCAL COOPERATIVE AGREEMENT BETWEEN THE CITY OF MCKINNEY AND THE TOWN OF PROSPER CONCERNING THE CONSTRUCTION OF VARIOUS TURNS LANES AT THE NORTHWEST CORNER OF US HIGHWAY 380 AND FM 2478, CUSTER ROAD (FM 2478) FROM STONEBRIDGE DRIVE TO US 380 IMPROVEMENTS WHEREAS, the City of McKinney, Texas ("City") and the Town of Prosper, Texas ("Town") desire to enter into an agreement concerning the construction of improvements to Custer Road (FM 2478) in McKinney, Collin County, Texas ("Agreement"); and WHEREAS, City and Town mutually desire to be subject to the provisions of Texas Government Code, Chapter 791, the Interlocal Cooperation Act (the "Act"), which authorizes Texas local governments to contract with one or more other local governments to perform governmental functions and services under the terms of the Act; and WHEREAS, the City and Town have determined that the improvements may be constructed most economically by implementing this Agreement. NOW, THEREFORE, this Agreement is made and entered into by the City and the Town upon and for the mutual consideration stated herein. WITNESSETH: ARTICLE I. The City shall arrange for the construction of improvements to F.M. 2478 and U.S. 380 (the "Project'). Specifically, the improvements shall include the installation of a left turn lane for northbound traffic into the Prosper Plaza Development ("Development') at the main divided entrance on F.M. 2478-Custer Road and reconstruction of the left turn lane for eastbound traffic into the Development at the main divided entrance at U.S. Highway 380 ("Improvements"). All the improvements are to be constructed by the Texas Department of Transportation ("TxDOT") in connection with TxDOT's Intersection Improvement Project. Upon completion of the Project, Town shall have final review of Improvements made by TxDOT, before final acceptance of the Project. ARTICLE II. The City estimates the total actual cost of the Project to be ninety-eight thousand eight hundred dollars and seventy-five cents ($98,800.75). The Town agrees to fund the cost to construct the Project in an amount not to exceed ninety-eight thousand eight hundred dollars and seventy-five cents ($98,800.75), through an agreement between the Town and Custer -Prosper, L.P. (the "Developer'), attached hereto as Exhibit A and incorporated herein for all references ("Escrow Agreement'). Whereby, the Developer is agreeing to pay for the Project and to escrow the estimated costs with Town. The Town shall remit fifty (50%) percent of the amount of forty-nine thousand four hundred dollars and thirty-eight cents ($49,400.38) to the City within thirty (30) days after issuing a notice to proceed for construction of the Project as authorized by the City Council and the City requests payment. The Town will remit the remaining fifty (50%) percent within thirty (30) days after receipt of notice from the City that the Project is fifty (50%) percent complete. The "total cost of the Project" shall include the construction, inspection, and testing. ARTICLE III. If the total cost to construct the Project exceeds the amount estimated in Article II above, the Town shall pay for the excess costs pursuant to the terms of the Escrow Agreement. ARTICLE IV. The City shall prepare for the Town an itemized statement specifying project costs that have been incurred to date at fifty (50%) percent complete and one hundred (100%) percent complete. ARTICLE V. The City and Town agree that the party paying for the performance of governmental functions or services shall make those payments only from current revenues legally available to the paying party. ARTICLE VI. VENUE. The laws of the State of Texas shall govern the interpretation, validity, performance and enforcement of this Agreement. The parties agree that this Agreement is performable in Collin County, Texas, and that exclusive venue shall lie in Collin County, Texas. ARTICLE VII. SEVERABILITY. The provisions of this agreement are severable. If any paragraph, section, subdivision, sentence, clause, or phrase of this Agreement is for any reason held by a court of competent jurisdiction to be contrary to law or contrary to any rule or regulation having the force and effect of the law, the remaining portions of the Agreement shall be enforced as if the invalid provision had never been included. ARTICLE VIII. ENTIRE AGREEMENT. This Agreement embodies the entire agreement between the parties and may only be modified in a writing executed by both parties. ARTICLE IX. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon the parties hereto, their successors, heirs, personal representatives and assigns. Neither party will assign or transfer an interest in this Agreement without the written consent of the other party. ARTICLE X. IMMUNITY. It is expressly understood and agreed that, in the execution of this Agreement, neither party waives, nor shall be deemed hereby to have waived any immunity or defense that would otherwise be available to it against claims arising in the exercise of governmental powers and functions. By entering into this Agreement, the parties do not create any obligations, express or implied, other than those set forth herein, and this Agreement shall not create any rights in parties not signatories hereto. TERM. This Agreement shall be effective upon execution by both parties and shall continue in effect for three (3) one-year terms. This Agreement shall automatically renew annually during this three-year period. ARTICLE XII. DEFAULT. In the event of a breach of this Agreement by either Party, the other Party may pursue any remedies available to it at law or in equity. ARTICLE XIII. NOTICES. Any notice required or permitted under this Agreement shall be given when actually delivered as certified mail addressed as follows: To Town: Town of Prosper Attention: Town Manager 121 W. Broadway Prosper, Texas 75078 To City: City of McKinney Attention: ARTICLE XIV. CUMULATIVE REMEDIES. All rights and remedies of the Parties under this Agreement shall be cumulative, and none shall exclude any other right or remedy provided by law, or by any other provisions of the Agreement. All such rights and remedies may be exercised and enforced concurrently and whenever, and as often, as occasion for their exercise arises. ARTICLE XV. WAIVER OF BREACH. A waiver by either Party of a breach of the Agreement by the other Party does not constitute a continuing waiver or a waiver of any subsequent breach of the Agreement. ARTICLE XVI. PARTIES BOUND. The Agreement shall be binding upon, and inure to the benefit of, the Parties to the Agreement and their respective heirs, executors, administrators, legal representatives, successors, and assigns when permitted by this Agreement. ARTICLE XVII. NO THIRD PARTY BENEFICIARIES. Nothing in this Agreement shall be construed to create any right in any third party not a signatory to this Agreement, and the Parties do not intend to create any third party beneficiaries by entering into this Agreement. ARTICLE XVIII. INCORPORATION OF RECITALS. The representations, covenants and recitations set forth in the foregoing recitals of this Agreement are true and correct and are hereby incorporated into the body of this Agreement and adopted as findings of the Parties. ARTICLE XIX. CONSIDERATION. This Agreement is executed by the Parties hereto without coercion or duress and for substantial consideration, the sufficiency of which is forever confessed. ARTICLE XX. COUNTERPARTS. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. A facsimile signature will also be deemed to constitute an original if properly executed. ARTICLE XXI. AUTHORITY TO EXECUTE. The individuals executing this Agreement on behalf of the respective Parties below represent to each other and to others that all appropriate and necessary action has been taken to authorize the individual who is executing this Agreement to do so for and on behalf of the Party for which his or her signature appears, that there are no other parties or entities required to execute this Agreement in order for the same to be an authorized and binding agreement on the Party for whom the individual is signing this Agreement and that each individual affixing his or her signature hereto is authorized to do so, and such authorization is valid and effective on the date hereof. ARTICLE XXII. FORCE MAJEURE. Neither City nor Town shall be required to perform any term, condition, or covenant in the Agreement so long as performance is delayed or prevented by force majeure, which shall mean acts of God, strikes, lockouts, material or labor restrictions by any governmental authority, civil riots, floods, and any other cause not reasonably within the control of City or Town and which by the exercise of due diligence City or Town is unable, wholly or in part, to prevent or overcome. ARTICLE XXIII. MISCELLANEOUS DRAFTING PROVISIONS. This Agreement shall be deemed drafted equally by the Parties hereto. The language of all parts of this Agreement shall be construed as a whole according to its fair meaning, and any presumption or principle that the language herein is to be construed against any party shall not apply. Headings in this Agreement are for the convenience of the Parties and are not intended to be used in construing this document. ATTEST: CITY OF McKINNEY, TEXAS �0 Name Sandy Hart, TRMC, MMC Title: City Secretary Name: Frank Ragan Title City Manager Date: Date: Executed on behalf of the City of McKinney pursuant to City Council Resolution No. APPROVED AS TO FORM: Name Mark Houser Title: City Attorney Date: ATTEST: Name: Matthew D. Denton, TRMC Title: Town Secretary Date: APPROVED AS TO FORM: am Date: TOWN OF PROSPER, TEXAS am Name: Mike Land Title: City Manager Date: Abernathy Roeder Boyd & Joplin P.C. Rebecca Brewer, Town Attorney Executed on behalf of the Town of Prosper pursuant to Town Council Resolution No. STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on the day of , 2008 by Frank Ragan, City Manager of the City of McKinney, a Texas municipal corporation, on behalf of the corporation. Notary Public, State of Texas STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on the day of , 2008 by Mike Land, Town Manager of the Town of Prosper, a Texas municipal corporation, on behalf of the corporation. Notary Public, State of Texas TOWN OF PROSPER, TEXAS IS��01>l[11136 RJ4 61 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, HEREBY AUTHORIZING THE TOWN MANAGER OF THE TOWN OF PROSPER, TEXAS, TO EXECUTE AN ESCROW AGREEMENT REGARDING THE TIMING OF CONSTRUCTION OF VARIOUS TURN LANE IMPROVEMENTS TO SERVE THE PROSPER PLAZA PROJECT, BY AND BETWEEN CUSTER — PROSPER, L.P. AND THE TOWN OF PROSPER. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: SECTION 1: The Town Manager of the Town of Prosper, Texas, is hereby authorized to execute, on behalf of the Town Council of the Town of Prosper, Texas, an Escrow Agreement regarding the timing of construction of various turn lane improvements to serve the Prosper Plaza Project, by and between Custer -Prosper, L.P. and the Town of Prosper, as hereto attached. SECTION 2: This Resolution shall take effect immediately upon its passage. RESOLVED THIS THE 26'h day of August, 2008. Charles Niswanger, Mayor ATTEST TO: Matthew Denton Town Secretary t p T SPER. To: Mayor and Town Council ENGINEERING From: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer CC: Mike Land, Town Manager Re: Town Council Meeting — August 26, 2008 Date: August 21, 2008 Agenda Item: Consider and act upon 1) an Interlocal Cooperative Agreement between the City of McKinney and the Town of Prosper concerning the construction of various turn lanes at the northwest corner of US Highway 380 and FM 2478, Custer Road (FM 2478) from Stonebridge Drive to US 380 Improvements and 2) adopt a resolution authorizing the Town Manager to execute the same. Description of Agenda Item: In conjunction with the development of Prosper Plaza, the developer is required to install and/or fund various turn lane improvements with the development, with the TxDOT Intersection Improvement Project at US 380 and Custer Road, and immediately following the TxDOT Intersection Improvement Project. In order for the following improvements to be constructed with the TxDOT Intersection Improvement Project, the Town needs to enter into an Interlocal Cooperative Agreement with the City of McKinney, the Project Manager for the TxDOT Intersection Improvement Project: • Installation of a left turn lane for northbound traffic into the Development at the main divided entrance on F.M. 2478-Custer Road. • Reconstruction of the left turn lane for eastbound traffic into the Development at the main divided entrance at U.S. Highway 380. Budget Impact: On or before December 1, 2008, the developer of Prosper Plaza will deposit in escrow with Town the sum of Ninety-eight Thousand Eight Hundred Eighty Dollars and 75/100 ($98,880.75) to be applied toward the construction costs for the improvements to be incorporated into the TxDOT Intersection Improvement Project. Any cost overruns associated with the construction of the improvements will also be paid by the developer. These funds will then be released to the City of McKinney in the following manner: The Town shall remit fifty (50%) percent of the amount of forty-nine thousand four hundred dollars and thirty-eight cents ($49,400.38) to the City within thirty (30) days after issuing a notice to proceed for construction of the TxDOT Intersection Improvement Project as authorized by the City Council and the City requests payment. • The Town will remit the remaining fifty (50%) percent within thirty (30) days after receipt of notice from the City that the Project is fifty (50%) percent complete Agenda Item No. 11 - Page 1 of 2 Leaal Oblinations and Review: The Interlocal Cooperative Agreement was review and approved by the Town Attorney. Attached Documents: The following documentation is being provided for review: • Interlocal Cooperative Agreement • Resolution authorizing the Town Manager to execute the agreement Board. Committee and/or Staff Recommendation: Town staff recommends that the Town Council: 1) approve an Interlocal Cooperative Agreement between the City of McKinney and the Town of Prosper concerning the construction of various turn lanes at the northwest corner of US Highway 380 and FM 2478, Custer Road (FM 2478) from Stonebridge Drive to US 380 Improvements and 2) adopt a resolution authorizing the Town Manager to execute the same. Agenda Item No. 11 - Page 2 of 2 INTERLOCAL COOPERATIVE AGREEMENT BETWEEN THE CITY OF MCKINNEY AND THE TOWN OF PROSPER CONCERNING THE CONSTRUCTION OF VARIOUS TURNS LANES AT THE NORTHWEST CORNER OF US HIGHWAY 380 AND FM 2478, CUSTER ROAD (FM 2478) FROM STONEBRIDGE DRIVE TO US 380 IMPROVEMENTS WHEREAS, the City of McKinney, Texas ("Cily") and the Town of Prosper, Texas ("Town") desire to enter into an agreement concerning the construction of improvements to Custer Road (FM 2478) in McKinney, Collin County, Texas ("Agreement'); and WHEREAS, City and Town mutually desire to be subject to the provisions of Texas Government Code, Chapter 791, the Interlocal Cooperation Act (the "Act"), which authorizes Texas local governments to contract with one or more other local governments to perform governmental functions and services under the terms of the Act; and WHEREAS, the City and Town have determined that the improvements may be constructed most economically by implementing this Agreement. NOW, THEREFORE, this Agreement is made and entered into by the City and the Town upon and for the mutual consideration stated herein. WITNESSETH: ARTICLE I. The City shall arrange for the construction of improvements to F.M. 2478 and U.S. 380 (the "Project"). Specifically, the improvements shall include the installation of a left turn lane for northbound traffic into the Prosper Plaza Development ("Development") at the main divided entrance on F.M. 2478-Custer Road and reconstruction of the left turn lane for eastbound traffic into the Development at the main divided entrance at U.S. Highway 380 ("Improvements"). All the improvements are to be constructed by the Texas Department of Transportation ("TxDOT") in connection with TxDOT's Intersection Improvement Project. Upon completion of the Project, Town shall have final review of Improvements made by TxDOT, before final acceptance of the Project. ARTICLE II. The City estimates the total actual cost of the Project to be ninety-eight thousand eight hundred dollars and seventy-five cents ($98,800.75). The Town agrees to fund the cost to construct the Project in an amount not to exceed ninety-eight thousand eight hundred dollars and seventy-five ILA between the Town of Prosper and the City of McKinney Page 1 522761-1 cents ($98,800.75), through an agreement between the Town and Custer -Prosper, L.P. (the "Developer"), attached hereto as Exhibit A and incorporated herein for all references ("Escrow Agreement"). Whereby, the Developer is agreeing to pay for the Project and to escrow the estimated costs with Town. The Town shall remit fifty (50%) percent of the amount of forty-nine thousand four hundred dollars and thirty-eight cents ($49,400.38) to the City within thirty (30) days after issuing a notice to proceed for construction of the Project as authorized by the City Council and the City requests payment. The Town will remit the remaining fifty (50%) percent within thirty (30) days after receipt of notice from the City that the Project is fifty (50%) percent complete. The "total cost of the Project" shall include the construction, inspection, and testing. ARTICLE III. If the total cost to construct the Project exceeds the amount estimated in Article II above, the Town shall pay for the excess costs pursuant to the terms of the Escrow Agreement. ARTICLE IV. The City shall prepare for the Town an itemized statement specifying project costs that have been incurred to date at fifty (50%) percent complete and one hundred (100%) percent complete. ARTICLE V. The City and Town agree that the party paying for the performance of governmental functions or services shall make those payments only from current revenues legally available to the paying Party ARTICLE VI. VENUE. The laws of the State of Texas shall govern the interpretation, validity, performance and enforcement of this Agreement. The parties agree that this Agreement is performable in Collin County, Texas, and that exclusive venue shall lie in Collin County, Texas. ARTICLE VII. SEVERABILITY. The provisions of this agreement are severable. If any paragraph, section, subdivision, sentence, clause, or phrase of this Agreement is for any reason held by a court of competent jurisdiction to be contrary to law or contrary to any rule or regulation having the force and effect of the law, the remaining portions of the Agreement shall be enforced as if the invalid provision had never been included. ARTICLE VIII. ENTIRE AGREEMENT. This Agreement embodies the entire agreement between the parties and may only be modified in a writing executed by both parties. ILA between the Town of Prosper and the City of McKinney Page 2 522761-1 ARTICLE IX. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon the parties hereto, their successors, heirs, personal representatives and assigns. Neither party will assign or transfer an interest in this Agreement without the written consent of the other party. ARTICLE X. IMMUNITY. It is expressly understood and agreed that, in the execution of this Agreement, neither party waives, nor shall be deemed hereby to have waived any immunity or defense that would otherwise be available to it against claims arising in the exercise of governmental powers and functions. By entering into this Agreement, the parties do not create any obligations, express or implied, other than those set forth herein, and this Agreement shall not create any rights in parties not signatories hereto. ARTICLE XI. TERM. This Agreement shall be effective upon execution by both parties and shall continue in effect for three (3) one-year terms. This Agreement shall automatically renew annually during this three-year period. ARTICLE XII. DEFAULT. In the event of a breach of this Agreement by either Party, the other Party may pursue any remedies available to it at law or in equity. ARTICLE XIII. NOTICES. Any notice required or permitted under this Agreement shall be given when actually delivered as certified mail addressed as follows: To Town: Town of Prosper Attention: Town Manager 121 W. Broadway Prosper, Texas 75078 To City: City of McKinney Attention: ILA between the Town of Prosper and the City of McKinney Page 3 522761-1 ARTICLE XIV. CUMULATIVE REMEDIES. All rights and remedies of the Parties under this Agreement shall be cumulative, and none shall exclude any other right or remedy provided by law, or by any other provisions of the Agreement. All such rights and remedies may be exercised and enforced concurrently and whenever, and as often, as occasion for their exercise arises. ARTICLE XV. WAIVER OF BREACH. A waiver by either Party of a breach of the Agreement by the other Party does not constitute a continuing waiver or a waiver of any subsequent breach of the Agreement. ARTICLE XVI. PARTIES BOUND. The Agreement shall be binding upon, and inure to the benefit of, the Parties to the Agreement and their respective heirs, executors, administrators, legal representatives, successors, and assigns when permitted by this Agreement. ARTICLE XVII. NO THIRD PARTY BENEFICIARIES. Nothing in this Agreement shall be construed to create any right in any third party not a signatory to this Agreement, and the Parties do not intend to create any third party beneficiaries by entering into this Agreement. ARTICLE XVIH. INCORPORATION OF RECITALS. The representations, covenants and recitations set forth in the foregoing recitals of this Agreement are true and correct and are hereby incorporated into the body of this Agreement and adopted as findings of the Parties. ARTICLE XIX. CONSIDERATION. This Agreement is executed by the Parties hereto without coercion or duress and for substantial consideration, the sufficiency of which is forever confessed. ARTICLE XX. COUNTERPARTS. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. A facsimile signature will also be deemed to constitute an original if properly executed. ILA between the Town of Prosper and the City of McKinney Page 4 522761-1 ARTICLE XXI. AUTHORITY TO EXECUTE. The individuals executing this Agreement on behalf of the respective Parties below represent to each other and to others that all appropriate and necessary action has been taken to authorize the individual who is executing this Agreement to do so for and on behalf of the Party for which his or her signature appears, that there are no other parties or entities required to execute this Agreement in order for the same to be an authorized and binding agreement on the Party for whom the individual is signing this Agreement and that each individual affixing his or her signature hereto is authorized to do so, and such authorization is valid and effective on the date hereof. ARTICLE XXII. FORCE MAJEURE. Neither City nor Town shall be required to perform any term, condition, or covenant in the Agreement so long as performance is delayed or prevented by force majeure, which shall mean acts of God, strikes, lockouts, material or labor restrictions by any governmental authority, civil riots, floods, and any other cause not reasonably within the control of City or Town and which by the exercise of due diligence City or Town is unable, wholly or in part, to prevent or overcome. ARTICLE XXIII. MISCELLANEOUS DRAFTING PROVISIONS. This Agreement shall be deemed drafted equally by the Parties hereto. The language of all parts of this Agreement shall be construed as a whole according to its fair meaning, and any presumption or principle that the language herein is to be construed against any party shall not apply. Headings in this Agreement are for the convenience of the Parties and are not intended to be used in construing this document. ATTEST: CITY OF McKINNEY, TEXAS Name Sandy Hart, TRMC, MMC Title: City Secretary Date: I0 Name: Frank Ragan Title Ci y Manager Date: Executed on behalf of the City of McKinney pursuant to City Council Resolution No. ILA between the Town of Prosper and the City of McKinney Page 5 522761-1 APPROVED AS TO FORM: Lm Name Mark Houser Title: City Attorney Date: ATTEST: an Name: Matthew D. Denton, TRMC Title: Town Secretary Date: APPROVED AS TO FORM: I� Date: TOWN OF PROSPER, TEXAS : Name: Mike Land Title: Ci y Manager Date: Abernathy Roeder Boyd & Joplin P.C. Rebecca Brewer, Town Attorney Executed on behalf of the Town of Prosper pursuant to Town Council Resolution No. ILA between the Town of Prosper and the City of McKinney Page 6 522761-1 STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on the day of , 2008 by Frank Ragan, City Manager of the City of McKinney, a Texas municipal corporation, on behalf of the corporation. Notary Public, State of Texas STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on the day of , 2008 by Mike Land, Town Manager of the Town of Prosper, a Texas municipal corporation, on behalf of the corporation. Notary Public, State of Texas ILA between the Town of Prosper and the City of McKinney Page 7 522761-1 Exhibit "A" ESCROW AGREEMENT FOR PROSPER PLAZA TURN LANE IMPROVEMENTS This ESCROW AGREEMENT (the "Agreement") is entered into effective as of , 2008, among the Town of Prosper, Texas, a municipal corporation (the "Town") and Custer -Prosper, LP (the "Developer'), a Texas limited partnership, and Town Manager of the Town or his/her designee (the "Escrow Agent'). RECITALS A. Developer is currently developing a retail shopping center site of approximately 39 acres in the Town at the northwest corner of U.S. Highway 380 and F.M. 2478-Custer Road (the "Development"), which is described on Exhibit A, attached hereto and made a part hereof (hereinafter referred to as the "Pro a "). B. As a part of Developer's obligations in connection with the Development, Town has required Developer to install certain turn lanes into the Development from both U.S. Highway 380 and F.M. 2478-Custer Road (hereinafter defined and referred to as "Phase One" work). C. As an additional part of Developer's obligations in connection with the Development, Town shall require Developer to pay the construction costs of a left turn lane into the Development from U. S. Highway 3 80 and a left turn lane into the Development from F.M. 2478-Custer Road to be constructed by the Texas Department of Transportation ("LxDOT') as part of TxDOT's other improvements to the intersection of U.S. Highway 380 and F.M. 2478-Custer Road (hereinafter defined and referred to as "Phase Two" work). D. As a further additional part of Developer's obligations in connection with the Development, Town shall require Developer to install a right turn lane for southbound traffic on F.M. 2478-Custer Road into the Development at the main divided entrance at F.M. 2478-Custer Road and install a right turn lane for westbound traffic on U.S. Highway 380 into the Development at the main divided entrance at U.S. Highway 380 (hereinafter defined and referred to as "Phase Three" work). E. Developer has agreed to install and pay for the Phase One work. F. Developer has further agreed to deposit funds (hereinafter referred to as the "Escrow Funds") in escrow to pay for the Phase Two and Phase Three work based upon estimates of the cost of that work; provided, however, if the cost of the Phase two and/or Phase Three Work exceeds the amount of the Escrow Funds, Developer has agreed to pay the additional costs as provided below. G. Town and Developer wish to reduce to writing the above referenced construction and financial obligations of Developer and the timeline for satisfying same. Therefore, for good and valuable consideration, the parties agree as follows: 1. Definitions. In this Agreement: a. "Force Majeure Event" means a delay in performance caused by war, terrorist acts, insurrection, strikes or other labor disturbances, walkouts, riots, floods, earthquakes, fires, casualties, or acts of God; restrictions or delays imposed or mandated by governmental agencies; enactment of laws that prevent or preclude compliance; and litigation, relating to the work. b. "KCl/Kennedy Consulting, Agreement" means that certain letter agreement dated April 25, 2008 between Developer and KCl/Kennedy Consulting for engineering and design services to be provided by KCl/Kennedy Consulting in connection with the Phase Two and Phase Three work, attached hereto as Exhibit B. and incorporated herein for all purposes. c. "Phase One" means the work shown on Exhibit C, attached hereto and listed below: i. Installation of a right turn lane at the northern most entrance into the Development off of F.M. 2478-Custer Road. ii. Installation of a right turn lane at the western most entrance into the Development off of U.S. Highway 380. iii. Restriping of a left turn lane on U.S. Highway 380 at the western most entrance into the Development. iv. Restriping of a left turn lane on U.S. Highway 380 at the main divided entrance into the Development. d. "Phase Two" means the work shown on Exhibit D, attached hereto and listed below: i. Installation of a left turn lane for northbound traffic into the Development at the main divided entrance on F.M. 2478-Custer Road (to be constructed by Texas Department of Transportation ("TxDOT") in connection with TxDOT's Intersection Improvement Project). ii. Reconstruction of the left turn lane for eastbound traffic into the Development at the main divided entrance at U.S. Highway 380 (to be constructed by TxDOT in connection with TxDOT's Intersection Improvement Project). e. "Phase Three" means the work as shown Exhibit E, attached hereto and listed below: i. Installation of a right turn lane for southbound traffic on F.M. 2478- Custer Road into the Development at the main divided entrance at F.M. 2478-Custer Road. ii. Installation of a right turn lane for westbound traffic on U.S. Highway 380 into the Development at the main divided entrance at U.S. Highway 380. f. "TxDOT Intersection Improvement Pro ec ' means the improvements to be constructed by TxDOT at the intersection of U.S. Highway 380 and F.M. 2478- Custer Road as referenced in that certain Interlocal Agreement between Town and the City of McKinney attached hereto as Exhibit F, and incorporated herein for all purposes ("Interlocal Agreement'). 2. Construction of Phase One. Developer, at Developer's sole cost and expense, shall complete the Phase One work on or before December 1, 2008, subject to a Force Majeure Event. 3. Construction of Phase Two. On or before December 1, 2008, Developer shall deposit in escrow with Town the sum of Ninety-eight Thousand Eight Hundred Eighty Dollars and 75/100 ($98,880.75) to be applied toward the construction costs (as set out on Exhibit D-1 attached hereto) for the Phase Two work. Developer further agrees to cover any cost overruns associated with the items listed on Exhibit D-1 which are not reasonably known or identified as of the date of this Agreement. Town agrees to release the escrowed funds as required by the Interlocal Agreement. 4. Construction of Phase Three. Within thirty (30) days after receipt of written notice from Town that the Phase Two work has been satisfactorily completed by the TxDOT contractor, Developer shall commence construction of the Phase Three work and diligently pursue the construction thereof to its conclusion within sixty (60) days after commencement, subject to a Force Majeure Event. To ensure Town of Developer's financial ability to complete the Phase Three work, Developer shall, on or before December 1, 2008, escrow with Town the sum of One Hundred Thirty-five Thousand Four Hundred Eighty Dollars ($135,480.00) representing the cost of the Phase Three work (as set out on Exhibit E-1 attached hereto). Developer further agrees to cover the cost of overruns associated with the items listed on Exhibit E-1 which are not reasonably known or identified as of the date of this Agreement. Town agrees to pay to the contractor all or portions of the One Hundred Thirty-five Thousand Four Hundred Eighty Dollars ($135,480.00) within thirty (30) days after receipt from the contractor performing the Phase Three work an invoice for the Phase Three work completed to the date of invoice. Any remaining escrowed funds after final completion and payment of the Phase Three work shall be returned by Town to Developer. 5. Engineering Service Fees. Developer will pay the cost of the engineering service fees of KCl/Kennedy Consulting for the Phase Two and Phase Three work as set forth in Exhibit B. 6. Delivery of Funds to Escrow Agent. Developer and the Town hereby agree that the amount of the Escrow Funds for the Phase Two work (the "Phase Two Escrow") is Ninety-eight Thousand Eight Hundred Eighty Dollars and 75/100 ($98,880.75). A cost estimate of the Phase Two work is set forth in the Exhibit D-1 of this Agreement. On or before December 1, 2008, Developer shall deliver the Escrow Funds associated with the Phase Two work in cash or other immediately available funds to Escrow Agent. Escrow Agent agrees to hold and disburse the Escrow Funds in the Phase Two Escrow in strict accordance with the provisions of this Agreement. Escrow Agent shall deposit the Escrow Funds in an interest bearing account. All interest earned on the Escrow Funds shall remain deposited in escrow with Escrow Agent, and such interest shall become attributable to Developer and shall be paid to Developer upon completion of the Phase Two work, provided the amount of the Escrow Funds in the Phase Two Escrow exceeds the cost of the Phase Two work. Developer acknowledges that this Agreement requires the Developer to pay the full costs of the Phase Two work and that additional funds will be required from Developer if the Escrowed Funds in the Phase Two Escrow are less than the cost of the Phase Two work. Developer and the Town hereby agree that the amount of the Escrow Funds for the Phase Three work (the "Phase Three Escrow") is One Hundred Thirty-five Thousand Four Hundred Eighty Dollars ($135,480.00). A cost estimate of the Phase Three work is set forth in the Exhibit E-1 of this Agreement. Developer shall deliver to the Escrow Agent the Escrow Funds associated with the Phase Three work on or before December 1, 2008 in cash or other immediately available funds. Escrow Agent agrees to hold and disburse the Escrow Funds in the Phase Three Escrow in strict accordance with the provisions of this Agreement. Escrow Agent shall deposit the Escrow Funds in an interest bearing account. All interest earned on the Escrow Funds shall remain deposited in escrow with Escrow Agent, and such interest shall become attributable to Developer and shall be paid to Developer upon completion of the Phase Three work, provided the amount of the Escrow Funds in the Phase Three Escrow exceeds the cost of the Phase Three work. Developer acknowledges that this Agreement requires the Developer to pay the full costs of the Phase Three work and that additional funds will be required from Developer if the Escrowed Funds in the Phase Three Escrow are less than the cost of the Phase Three work. 7. Disbursement of Escrow Funds. The Escrow Funds shall be held and disbursed by Escrow Agent to pay for the respective costs of the Phase Two and Phase Three work, as the case may be. From time to time, but no more frequently than monthly, and promptly upon receipt by Escrow Agent from Town of a request for funds (which requests shall include invoices, contracts or other evidence that a payment is due towards the construction of the Phase Two and Phase Three work, as the case may be), Escrow Agent shall release to the Town -authorized requestor from the Escrowed Funds (the Phase Two Escrow or the Phase Three Escrow, as the case may be) the amount requested. The portions of this Agreement applicable to the Phase Two work and the Phase Two Escrow will terminate upon the final disbursement of the Phase Two Escrow funds by the Escrow Agent or the satisfactory completion of the Phase Two work and its final acceptance by the Town whichever is later. The portions of this Agreement applicable to the Phase Three work and the Phase Three Escrow will terminate upon the final disbursement of the Phase Three Escrow funds by the Escrow Agent or the satisfactory completion of the Phase Three work and its final acceptance by the Town whichever is later. 8. Duties of Escrow Agent. Escrow Agent shall act as escrow agent hereunder. Simultaneously with the execution of this Agreement, Developer shall pay to Escrow Agent the sum of no dollars ($0.00) for the performance of Escrow Agent's obligations under this Agreement. Escrow Agent shall not be liable for any act or thing done or caused to be done, directly or indirectly, by him under or pertaining to this Agreement or the Escrow Funds, except for the gross negligence or willful misconduct of Escrow Agent. In the event of any conflicting demands made upon Escrow Agent, he may withhold his performance under this Agreement until said conflicting demands are withdrawn or until the rights of the respective parties have been settled by a court of competent jurisdiction, as evidenced by an executed judgment that is final and non - appealable. 9. Resignation of Escrow Agent. Escrow Agent may resign as Escrow Agent under this Agreement by giving written notice to Developer and Town, in accordance with the provisions of this Agreement at least thirty (30) days prior to the effective date of such resignation. Thereafter, Escrow Agent shall deliver to Town and Developer, jointly, any remaining Escrow Funds held pursuant to this Agreement upon the joint written and signed order of Developer and Town. If no such order is received by Escrow Agent within thirty (30) days after the giving of such notice, Escrow Agent is authorized and empowered to deposit the Escrow Funds into the registry of a court of competent jurisdiction. Upon the effective date of the resignation of Escrow Agent and delivery of the Escrow Funds in accordance with this section, Escrow Agent shall have no further obligations, duties and/or liabilities with regard to this Agreement. 10. Removal of Escrow Agent. Developer and Town may jointly remove Escrow Agent, with or without cause, and appoint a substitute escrow agent or otherwise designate the disposition of the Escrow Funds without additional formality other than giving written notice to Escrow Agent at Escrow Agent's address set forth below in which event Escrow Agent shall deliver the Escrow Funds in accordance with the joint written and signed instructions of Developer and Town and shall thereupon be deemed to be removed as of the date designated in such notice, or if no date is designated, as of the date such delivery is made. Upon the effective date of the removal of Escrow Agent and delivery of the Escrow Funds in accordance with this paragraph, Escrow Agent shall have no further obligations, duties and/or liabilities with regard to this Agreement. 11. Miscellaneous Provisions. a. Notice. Any notice required to be sent under this Agreement must be in writing and may be served by depositing same in the United States Mail, addressed to the party to be notified, postage pre -paid and registered or certified with return receipt requested, or by delivering the same in person to such party via a hand - delivery service, Federal Express or any courier service that provides a return receipt showing the date of actual delivery of same to the addressee thereof. Notice given in accordance herewith shall be effective upon the receipt at the address of the addressee. For purposes of notice, the addresses of the parties shall be as follows: If to Town: Town of Prosper Attention: Town Manager 121 W. Broadway, P.O. Box 307 Prosper, Texas 75078-0307 With Copy to: Abernathy, Roeder, Boyd and Joplin, P.C. Attention: Rebecca Brewer 1700 Redbud Blvd., Suite 300 McKinney, Texas 75070-1210 If to Developer: Custer -Prosper LP c/o Cross Development Attention: Steve Rumsey One Bent Tree Tower 16475 N. Dallas Parkway, Suite 550 Addison, Texas 75001 With Copy to: Robert L. Trimble, Esq. 8333 Douglas Ave., Suite 1350 Dallas, TX 75225 If to Escrow Agent: Matthew Garrett 121 W. Broadway P.O. Box 307 Prosper, Texas 75078-0307 b. Entire Agreement. This Agreement contains the entire agreement of the parties with respect to the matters contained herein and may not be modified or terminated except upon the provisions hereof or by the mutual written agreement of the parties hereto. c. Venue. This Agreement shall be construed in accordance with the laws of the State of Texas and shall be performable in Collin County, Texas. d. Consideration. This Agreement is executed by the parties hereto without coercion or duress and for substantial consideration, the sufficiency of which is forever confessed. e. Counterparts. This Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. A facsimile signature will also be deemed to constitute an original if properly executed. f. Authority to Execute. The individuals executing this Agreement on behalf of the respective parties below represent to each other and to others that all appropriate and necessary action has been taken to authorize the individual who is executing this Agreement to do so for an on behalf of the party for which his or her signature appears, that there are no other parties or entities required to execute this Agreement in order for the same to be an authorized and binding agreement on the party for whom the individual is signing this Agreement and that each individual affixing his or her signature hereto is authorized to do so, and such authorization is valid and effective on the date hereof. g. Savings/Severability. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision thereof, and this Agreement shall be construed if such invalid, illegal or unenforceable provision had never been contained herein. h. Representations. Each signatory represents this Agreement has been read by the party for which this Agreement is executed and that such party has had an opportunity to confer with its counsel. i. Miscellaneous Drafting Provisions. This Agreement shall be deemed drafted equally by all parties hereto. The language of all parts of this Agreement shall be construed as a whole according to its fair meaning, and any presumption or principle that the language herein is to be construed against any party shall not apply. Headings in this Agreement are for the convenience of the parties and are not intended to be used in construing this document. j. Sovereign Immunity. Except for its obligations hereunder, the parties agree that Town has not waived its sovereign immunity by entering into and performing its obligations under this Agreement. k. Assignment. Except as otherwise stated herein, this Agreement or any part thereof shall not be assigned or transferred by any party without the prior written consent of the other party. The Developer, however, may assign this Agreement to any entity or person who purchases all or any portion of the Property from the Developer (the "Purchaser") upon the following conditions: i. the assignment of this Agreement must be evidenced by a written document, which is subject to the reasonable review and approval ofthe Town (Town shall respond within thirty (30) days after its receipt); I at the time of any assignment, the Developer must give written nofrethat any and all obligations, covenants and/or conditions contained in this Agreement will be assumed solely and completely by the Purchaser, and the Purchaser will assume same in writing; iii. the Developer shall provide the Town with the name, address, phone number, fax number and the name of a contact person for the Purchaser. 1. Waiver. Waiver by either party of any breach of this Agreement, or the failure of either party to enforce any of the provisions of this Agreement, at any time, shall not in any way affect, limit or waive such parry's right thereafter to enforce and compel strict compliance. in. Reference to Developer. When referring to "Developer" herein, this Agreement shall refer to and be binding upon Developer, and its successors and assignees. n. No Third Party Beneficiaries. Nothing in this Agreement shall be construed to create any right in any third party not a signatory to this Agreement, and the parties do not intend to create any third party beneficiaries by entering into this Agreement. o. Attorney's Fees. In any legal proceeding brought to enforce the terms of this Agreement, the prevailing party may recover its reasonable and necessary attorney's fees from the non -prevailing party as permitted by Section 271.159 of the Texas Local Government Code, as it exists or may be amended. p. Incorporation of Recitals. The representations, covenants and recitations set forth in the foregoing recitals of this Agreement are true and correct and are hereby incorporated into the body of this Agreement and adopted as findings of Town and Developer. IN WITNESS WHEEOF, the parties have executed this Agreement to be effective the day of 92008. Developer: Custer -Prosper, L.P., a Texas limited partnership By: Cross Development Prosper-Catlyn, L.P., a Texas limited partnership, its general partner By: Cross Development Prosper-Catlyn Attest: UZ GP, LLC, a Texas limited liability company, its general partner Steve Rumsey, Vice President Town: Town of Prosper, Texas Matthew Denton, Town Secretary Mike Land, Town Manager Approved as to form: Abernathy Roeder Boyd & Joplin P.C. Rebecca Brewer, Town Attorney Escrow Agent: Matthew Garrett Finance Director, Town of Prosper Exhibit "A" (Property Description) STATE OF TEXAS § COUNTY OF COLLIN § WHEREAS, Custer -Prosper, L.P. is the owner of a tract of land situated in the City of Prosper, Collin County, Texas out of the Jeremiah Horn, Abstract No. 411 and being al 1 of a 39.8517 acre tract of land conveyed to Custer -Prosper, L.P. according to the deed filed for record in County Clerk's File Number 20070423000540690, Deed Records, Collin County, Texas and being more particularly described by metes and bounds as follows: BEGINNING at a 5/8" iron rod found in the north right of way line of U.S. Highway 3 80 (variable -width right of way), the most southerly southeast corner of said 39.5817 acre tract; THENCE, along said north right of way line, the south line of said 39.8517 acre tract, South 87 degrees 25 minutes 28 seconds West, a distance of 343.74 feet to a 5/8" iron rod found; THENCE, continuing along said common line, South 89 degrees 10 minutes 04 seconds West, a distance of 545.75 feet to a 5/8" iron rod found; THENCE, continuing along said common line, South 89 degrees 18 minutes 42 seconds West, a distance of 444.58 feet to a 5/8" iron rod found; THENCE, continuing along said common line, North 69 degrees 03 minutes 20 seconds West, a distance of 60.54 feet to a 5/8" iron rod found; THENCE, continuing along said common line, South 74 degrees t2 minutes 42 seconds West, a distance of 45.03 feet to a point in a drainage ditch, the southwest corner of said 39.851 7 acre tract; THENCE, departing said common line, and along the west line of said 39.8517 acre tract, North 11 degrees 22 minutes 46 seconds West, a distance of 458.07 feet to a point; THENCE, continuing along said west line, North 26 degrees 49 minutes 38 seconds East, a distance of359.64 feet to a point; THENCE, continuing along said west line, North 07 degrees 39 minutes 59 seconds East, a distance of 376.71 feet to a point, the northwest corner of said 39.8517 acre tract; THENCE, along the north line of said 39.8517 acre tract, North 89 degrees 10 minutes 00 seconds East, a distance of 1,393.69 feet to the northeast corner of said 39.8517 acre tract, lying in the west right of way line of Custer Road (F.M. 2478) (variable width right of way), a point from which a 5/8' iron rod found bears North 20 degrees 05 minutes, 00 seconds, West, a distance of 0.39 feet; THENCE, along said west right of way line, the east line of said 39.8517 acre tract, South 00 degrees 50 minutes 00 seconds East, a distance of 1046.68 feet to a point from which a concrete monument found with brass disk stamped "Geological Survey Benchmark" bears South 05 degrees 43 minutes, 00 seconds, East, a distance of 1.63 feet, the most easterly southeast corner of said 39.5817 acre tract, the beginning of a corner clip; THENCE, along said corner clip, South 44 degrees 55 minutes 12 seconds West, a distance of 138.00 feet to the POINT OF BEGINNING, and containing 1,735,940 square feet or 39.8517 acres of land, more or less. Exhibit "B" KeNNEDY CONSUVINr April 25,,2009 Mr. Kevin Wiles Cross Development 16475 N. Dallas Pkwy Addison, TX 75001 Ite: Proposil for Civil Engineering Services Prosper Development —Turn Lane Design Dear Kevin: Sulu 101 1871 HP,roun Avon• #4danney, T*Xas 75669 TU 972 $42 1754 FAX 972 5292294 We appreciate the- opportunity to provide our services for your new Prosper Plaza turn lanes on FM 2478 (Custer Road) and US 380 in the Town of Prosper. Based on our ftNitiiiarity with the site and 'NDOT design criteria, we prepared the following Scope of Services for your consideration: SCOPE OF SERVICES Development Coordination — Kennedy Consulting, Ltd. (KCI) will coordinate with RKM Consulting Engineers, Inc. and nny other consultants as necessary to finalize the design of various turn lanes on Custer Road and US 380 (Phase Two: two (2) lell turn lanes and Phase Three: two (2) right lum lanes). We will attend meetings with Ihe'rown of Prosper (Town) and the'NDOT Collin County Area Office (TxD01), if necessary to finalize the construction drawings. Although no utility design or penniuing is being provided by KCI under this agreement, we will coordinate with the client and private utility companies regarding any potential utility conflicts within the construction limits of this project. 2. Infrastructure Design — In accordance with the proposed phasing of constriction for the required Town of Prosper turn lane improvements near Prosper Plaza (NWC US 380 / PM 2478), KCI shall perronn the following tasks: PHASE ONE (BY 07 HERS).- With the development of the NW corner of US 380 and FA4 2478, the lmp•ovenents listed below will be designed and constructed by others: FX 2478 w Right turn at the northern entrance US 380 ■ W limn lane muriphig at the western entrance ■ Right turn lane at the western entrance ■ Left turn lane restilping at the nwin divided entrance 10ENNEDY CONSULTING Mr. Kevin Wiles April 25, 2008 Page 2of4 PHASE TWO: With the US 380 / FM 2478 Intersection hnprovements Project, the improvement listed below will be designed by KCI and constructed by others: FM 2478 • Left turn lane at the main divided entrance US 380 • Left turn lane reconstruction at the main divided entrance (with Intersection Improvement Project) KCl will prepare and / or revise detailed engineering plans for construction of these two left turn lanes under the current TxDOT-Custer Road project (approximated at 14 sheets). P14AS13 THREE: Immediately preceding the US 380 / FM 2478 Intersection Improvements Project, the improvement listed below will be designed by KCI and constructed by others: I.M ?A7.ii • Right turn at the maim divided entrance US 380 • Right turn land at the main divided entrance KCI will prepare detailed engineering plans and estimates for these two right turn lanes under a separate sland alone plan set for construction by others (approximated at 30 sheets). The stand alone right turn lane construction plans will inchude general notes, dimension control, grading, existing utility locations (horizontal only), storm sewer, drainage, miscellaneous details, proposed cross sections, paving and erosion control plans. 3. Reimbursable Expenses —Reimbursable expenses include outside services not performed by KCI personnel. These services typically Include, but are not limited to reproduction, deliveries, and any review or permit fees not paid directly by Cross Development. We have included an estimate of anticipated reimbursable costs for budgeting purposes. KENNrCW CONSULTING CONDMONS OF PROPOSAL Mr, Kevin Wiles April 25, 2008 Page 3 of 4 i This proposal is limited in Scope and Fee and is based on the following conditions: 1. Upon final approval of the turn lane design and drawings by the Town and TxDOT, services will be considered rendered and no other services are intended. 2. Any services performed and not described in the Scope of Services shall be considered Additional Services and shall be performed on an hourly rate basis as authorized or otherwise negotiated with you. 3. Our design shall be based on the final Prosper Plaza site plan as approved by Cross Development and final construction documents from the adjacent TxDOT improvements. Revisions to construction plans resulting from site plan revisions, either during or after the plans have been completed, shall be considered an Additional Service. 4. Our scope does not include any variances to Town or District criteria. Coordination of any variance requests shall be considered an Additional Service. 5. Landscape design is not included in our proposal. 6. Separate instrument easement documents and legal descriptions are not anticipated and not included in our scrape. If required, separate instrument easements will be prepared as an Additional Service. 7. Off -site infrastructure, including pavement extensions, is not anticipated and is not included in our scope. 8. Our design shall be based on a geotechnical report, if necessary, to be provided by the developer. 9. Construction phase services shall be considered as an Additional Service and shall be performed on an hourly basis. KENNEDY CONSULTINO CLOSURE Mr. Kevin Wiles April 25, 2008 Page 4 of 4 In consideration of the defined Scope, we prepared the attached Schedule of Professional Pees. Lump Sum fees shall he payable on n monthly basis as determined by the percentage of completion of the work during the billhig period and such billings will be due and payable within 25 clays. Hourly fees shall be based on our Schedule of Hourly Rates attached, which is subject to annual revision. Proposed fees do not include the amount of any excise, VAT, gross receipts, or sales tax that may be imposed. Any required taxes will be added to our invoices accordingly. This agreement shall be subject to our Standard Provisions attached. 'the proposed fees shall be considered for the entire Scope of Services. Should you wish to contract with us for only a portion of the work, we reserve the right to negotiate individual Scope items on their own merits. This proposal shall be valid for sixty (60) days and may be extended upon our approval. We look for.vard to helping you make this a successfld project. This letter shall be considcred a notice to proceed upon authorized signature below and return of one copy to our office. Please call if you have any questions. Sincerely, Kurt W. Aungst, P Sr. Associate of G.P. Kennedy Consulting, Ltd By: O'Malley -Chick, LLC (as GP) Attachments: Schedule of Professional Fees KCI Standard Provisions KCI Standard Rate Schedule AGREED AND ACCEPTED: I- yr o 0 0 0 O N M N N 0 M N- g g $ S o 0p 0 op 0 0 o g g $ e g �(8(� o p� y$ o ip sp$p f p ky W M Vl M1 p Q P M1 N M1 g q N f N P Y n M1 N � C! O Oj a � O O O O O O O O O O O O O O O O O O O 0 0 - lV a a NNNNN Og� N M Q N O .- N b g q V Y d •- .- b N O 4 N N O O O O o 0 - o o - O -- N Ji N Y M Y N �i f- `o n r O N�44 N p Yi 7W F KENNEDY CONSULnNG KENNEDY CONSULTING LTD STANDARD PROVISIONS (1) Consultant's Scope of Services: The Consultant's undertaking to perform professional services extends only to the services specifically described in this Agreement. However, if requested by the Client and agreed to by the Consultant, the Consultant will perform additional services ("Additional Services') hereunder. The Consultant is also authorized, but not required, to perform Additional Services for services deemed appropriate by the Consultant in response to emergencies, unanticipated actions by the Client's contractors, revised regulations, or requirements of authorities, if advance authorization cannot be obtained. The Consultant will notify the Client as soon as practical of the inception of such Additional Services. (2) Client's Responsibilities In addition to other responsibilities described herein or imposed by law, the Client shall: (a) Designate in writing a person to act as its representative with respect to this Agreement, such person having complete authority to transmit instructions, receive information, and make or interpret the Clients decisions. (b) Provide all information and criteria as to the Client's requirements, objectives, and expectations for the project including all numerical criteria that are to be met and all standards of development, design, or construction. (c) Provide to the Consultant all previous studies, plans, or other documents pertaining to the project and all new data reasonably necessary in the Consultant's opinion, such as site survey and engineering data, environmental impact assessments or statements, zoning or other land use regulations, etc., upon all of which the Consultant may rely. (d) Arrange for access to the site and other private or public property as required for the Consultant to provide its services. (a) Review all documents or oral reports presented by the Consultant and render in writing decisions pertaining thereto within a reasonable time so as not to delay the services of the Consultant. (1) Furnish approvals and permits from governmental authorities having jurisdiction over the project and approvals and consents from other parties as may be necessary for completion of the Consultants services. (g) Cause to be provided such independent accounting, legal, insurance, cost estimating and overall feasibility services as the Client may require or the Consultant may reasonably request. (h) Give prompt written notice to the Consultant whenever the Client becomes aware of any development that affects the scope and timing of the Consultant's services or any defect or noncompliance in any aspect of the project. (i) Bear all costs incident to the responsibilities of the Client. (3) Period of Services Unless otherwise stated herein, the Consultant will begin work timely after receipt of an executed copy of this Agreement and will complete the services in a reasonable time. This Agreement is made in anticipation of conditions permitting continuous and orderly progress through completion of the services. Times for performance shall be extended as necessary for delays or suspensions due to any circumstances that the Consultant does not control. Such a delay or suspension shall not terminate this Agreement unless the Consultant elects to terminate pursuant to other provisions of this Agreement. If such delay or suspension extends for more than six months (cumulatively), the rates of compensation provided for in this Agreement shall be renegotiated. (4) Compensation for Additional Services Unless otherwise agreed to in writing, the Client shall pay the Consultant for the performance of any Additional Services certain direct expenses including duplicating, mileage, express delivery, and other direct expenses at 1.15 times cost. Technical use of computers for design, analysis, and graphics, etc., will be billed at $20.00 per hour. (5) Method of Payment Compensation shall be paid to the Consultant in accordance with the following provisions: (a) Invoices will be submitted by the Consultant to the Client periodically for services performed and expenses incurred. Payment of each invoice will be due within 25 days of receipt. The Client shall also pay to the Consultant all taxes, if any, whether state, local, or Weral, levied with respect to amounts paid hereunder. Interest will be added to accounts not paid within 25 days at 12% per annum beginning on the 25th day. The Consultant shall be compensated in U.S. dollars. If the Client fails to make any payment due the Consultant for services and expenses within 30 days after the Consultant's transmittal of its invoice, the Consultant may, after giving 7 days' written notice to the Client, suspend services under this Agreement until all amounts due are paid in full. (b) If the Client objects to an invoice, it must advise the Consultant in writing giving its reasons within 14 days of receipt of the invoice or the Client's objections will be waived, and the invoice shall conclusively be deemed due and owing. (c) If the Consultant initiates legal proceedings to collect payment, it may recover, in addition to all amounts due, its reasonable attorneys' fees, reasonable experts' fees, and other expenses related to the proceedings. Such expenses shall include the cost, at the Consultant's normal hourly billing rates, of the time devoted to such proceedings by its employees. (d) The Client agrees that the payment for services rendered and expenses incurred by the Consultant pursuant to this Agreement is not subject to any contingency or condition. (6) Use of Documents: All documents, including but not limited to drawings, specifications and data or programs stored electronically, prepared by the Consultant are related exclusively to the services described in this Agreement. They are not intended or represented to be suitable for partial use or reuse by the Client or others on extensions of this project or on any other project. Any modifications made by the Client to any of the Consultant's documents, or any partial use or reuse of the documents without written authorization or adaptation by tine Consultant will be at the Client's sole risk and without liability or legal exposure to the Consultant, and the Client shall indemnify, defend and hold the Consultant harmless from all claims, damages, losses and expenses, including but not limited to attorneys' fees, resulting therefrom. Any authorization or adaptation will entitle the Consultant to further compensation at rates to be agreed upon by the Client and the Consultant. (7) Opinions of Cost Because the Consultant does not control the cost of labor, materials, equipment or services furnished by others, methods of determining prices, or competitive bidding or market conditions, any opinions rendered as to costs, including but not limited to opinions as to the costs of construction and materials, shall be made on the basis of its experience and represent its judgment as an experienced and qualified professional, familiar with the industry. The Consultant cannot and does not guarantee that proposals, bids or actual costs will not vary from its opinions of cost. If the Client wishes greater assurance as to the amount of any cost, it shall employ an independent cost estimator. Consultant's services required to bring costs within any limitation established by the Client will be paid for as Additional Services. (8) Termination The obligation to provide further services under this Agreement may be terminated by either party upon seven days' written notice in the event of substantial failure by the other party to perform in accordance with the terms hereof through no fault of the terminating party. In the event of any termination, the Consultant shall be paid for all services rendered and expenses incurred to the effective date of termination, and other reasonable expenses incurred by the Consultant as a result of such termination. If the Consultant's compensation is a fixed fee, the amount payable for services will be a proportional amount of the total fee based on the ratio of the amount of the services performed, as reasonably determined by the Consultant, to the total amount of services which were to have been performed, less prior partial payments. (9) Insurance The Consultant is protected by Workers' Compensation insurance, professional liability insurance, and general liability insurance for bodily injury and property damage and will exchange certificates of insurance upon request. If the Client directs the Consultant to obtain increased insurance coverage, or if the nature of the Consultant's activities requires additional insurance coverage, the Consultant will take out such additional insurance, If obtainable, at the Clients expense. (10) Liability In performing its professional services, the Consultant will use that degree of care and skill ordinarily exercised, under similar circumstances, by reputable members of its profession in the same locality at the time the services are provided. No warranty, express or implied, Is made or intended by the Consultant's undertaking herein or its performance of services, and it is agreed that the Consultant Is not a fiduciary with respect to the Client. To the fullest extent of the law, and notwithstanding any other provisions of this Agreement, the total liability, in the aggregate of the Consultant and the Consultants officers, directors, employees, agents, and sub -consultants to the Client or to anyone claiming by, through or under the Client, for any and all claims, losses, costs or damages whatsoever arising out of, resulting from or in any way related to the services under this Agreement from any cause or causes, including but not limited to, the negligence, professional errors or omissions, strict liability or breach of contract or any warranty, express or implied, of the Consultant or the Consultant's officers, directors, employees, agents, and sub - consultants, shall not exceed twice the total compensation received by the Consultant under this Agreement or $50,000, whichever is greater. Under no circumstances shall the Consultant be liable for lost profits or consequential damages, for extra costs or other consequences due to changed conditions or for costs related to the failure of contractors to perform work in accordance with the plans and specifications. (11) Certifications The Consultant shall not be required to execute any certifications or other documents that in any way might, in the judgment of the Consultant, increase the Consultant's risk or affect the availability, applicability, or cost of its insurance. (12) Expenses of Litigation If litigation or arbitration related to the services performed is initiated against the Consultant by the Client, its contractors, or subcontractors, and such proceeding concludes with the entry of a judgment or award favorable to the Consultant, the Client shall reimburse the Consultant its reasonable attorneys' fees, reasonable experts' fees, and other expenses related to the proceeding. Such expenses shall include the cost, determined at the Consultants normal hourly billing rates, of the time devoted to the proceedings by the Consultants employees. (13) Dispute Resolution All claims by the Client arising out of this Agreement or its breach shall be submitted first to mediation in accordance with the Construction Industry Mediation Rules of the American Arbitration Association as a condition precedent to litigation. Any mediation or civil action by Client must be commenced within one year of the accrual of the cause of action asserted but in no event later than allowed by applicable statutes. (14) Hazardous Substances and Conditions (a) Unless stated in the scope of services, it is agreed that the Client does not request the Consultant to perform any services or to make any determinations involving hazardous substances or conditions, as defined by federal or state law. If such services are agreed to, Consultant shall not be a custodian, transporter, handler, arranger, contractor, or remediator with respect to hazardous substances and conditions. Consultant's services will be limited to professional analysis, recommendations, and reporting, including, when agreed to, plans and specifications for isolation, removal, or remediation. (b) The Consultant shall notify the Client of hazardous substances or conditions not contemplated in the scope of services of which the Consultant actually becomes aware. Upon such notice by the Consultant, the Consultant may stop affected portions of its services until the hazardous substance or condition is eliminated. The parties shall decide if Consultant is to proceed with its services and if Consultant is to conduct testing and evaluations, and the parties may enter into further agreements as to the additional scope, fee, and terms for such services. (c) Except to the extent of negligence, if any, on the part of the Consultant in performing services expressly undertaken in connection with hazardous substances and conditions, the Client agrees to hold harmless, indemnify, and defend the Consultant from and against any and all claims, losses, damages, liability, and costs in any way arising out or connected with the presence, discharge, release, or escape of hazardous substances or conditions of any kind, or environmental liability of any nature, in any manner related to services of the Consultant. (15) Construction Phase Services (a) If the Consultant's services include the preparation of documents to be used for construction and the Consultant is not retained to make periodic site visits, the Client assumes all responsibility for interpretation of the documents and for construction observation, and the Client waives any claims against the Consultant in any way connected thereto. (b) If the Consultant provides construction phase services, the Consultant shall have no responsibility for any contractor's means, methods, techniques, equipment choice and usage, sequence, schedule, safety programs, or safety practices, nor shall Consultant have any authority or responsibility to stop or direct the work of any contractor. The Consultant's visits will be for the purpose of endeavoring to provide the Client a greater degree of confidence that the completed work of its contractors will generally conform to the construction documents prepared by the Consultant. Consultant neither guarantees the performance of contractors, nor assumes responsibility for any contractor's failure to perform its work in accordance with the contract documents. (c) The Client agrees that each contract with any contractor shall state that the contractor shall be solely responsible for job site safety and for its means and methods, that the contractor shall indemnify the Client and the Consultant for all claims and liability arising out of job site accidents; and that the Client and the Consultant shall be made additional insureds under the contractor's general liability insurance policy. (16) Assignment and Subcontracting This Agreement gives no rights or benefits to anyone other than the Client and the Consultant, and all duties and responsibilities undertaken pursuant to this Agreement will be for the sole benefit of the Client and the Consultant. Neither the Client nor the Consultant shall assign or transfer any rights under or interest in this Agreement without the written consent of the other. However, nothing herein shall prevent or restrict the Consultant from retaining independent professional associates, sub -consultants, and suppliers as the Consultant may deem appropriate. (17) Confidentiality The Client consents to the use and dissemination by the Consultant of photographs of the project and to the use by the Consultant of facts, data and information obtained by the Consultant in the performance of its services. If, however, any facts, data or Information are specifically identified in writing by the Client as confidential, the Consultant shall use reasonable care to maintain the confidentiality of that material. (18) Miscellaneous Provisions This Agreement is to be governed by the law of the State of Texas. This Agreement shall bind, and the benefits thereof shall inure to, the parties hereto, their legal representatives, executors, administrators, successors and assigns. This Agreement contains the entire and fully integrated agreement between the parties, and supersedes all prior and contemporaneous negotiations, representations, agreements or understandings, whether written or oral. This Agreement can be supplemented or amended only by a written document executed by both parties. Provided, however, that any conflicting or additional terms on any purchase order issued by the Client shall be void and are hereby expressly rejected by the Consultant. Any provision in this Agreement that is unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such unenforceability without invalidating the remaining provisions or affecting the validity or enforceability of such provision in any other jurisdiction. The non -enforcement of any provision by either party shall not constitute a waiver of that provision nor shall it affect the enforceability of that provision or of the remainder of this Agreement. 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NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: SECTION 1: The Town Manager of the Town of Prosper, Texas, is hereby authorized to execute, on behalf of the Town Council of the Town of Prosper, Texas, an Interlocal Cooperative Agreement regarding the construction of various turn lanes at the northwest corner of US Highway 380 and FM 2478, Custer Road (FM 2478) from Stonebridge Drive to US 380 Improvements, by and between the City of McKinney and the Town of Prosper, as hereto attached. SECTION 2: This Resolution shall take effect immediately upon its passage. RESOLVED THIS THE 26h day of August, 2008. Charles Niswanger, Mayor ATTEST TO: Matthew Denton Town Secretary p TOWN ;ISPER To: Mayor and Town Council ENGINEERING From: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer CC: Mike Land, Town Manager Re: Town Council Meeting — August 26, 2008 Date: August 21, 2008 Agenda Item: Consider and act upon 1) an Interlocal Cooperation Agreement between Denton County and the Town of Prosper regarding the maintenance of roads in Denton County and 2) adopt a resolution authorizing the Town Manager to execute the same. Description of Agenda Item: With the recent annexation of the Mahard Ranch development, multiple roadways previously located within the jurisdiction of Denton County are now located within the city limits of the Town of Prosper. In order to clarify the maintenance responsibility of these roadways, Denton County has requested that the Town of Prosper enter into an Interlocal Cooperation Agreement to specify the sections of roadways that will be maintained by the Town of Prosper. Included in the Interlocal Cooperation Agreement is an exhibit that clearly identifies the sections of roadways that will be maintained by the Town of Prosper, Denton County, and the Texas Department of Transportation and is summarized below: Town of Prosper • Parvin Road: From Good Hope Road to Legacy Drive • Prosper Trail: From Good Hope Road to Legacy Drive • Fishtrap Road: From approximately 3,300 feet east of FM 1385 to Legacy Drive • Gee Road: From US 380 to Fishtrap Road • Good Hope Road: From US 380 to Parvin Road • Fields Road: From US 380 to Prosper Trail • Legacy Drive: From US 380 to Parvin Road Denton County Parvin Road: From FM 1385 to Good Hope Road Fishtrap Road: From FM 1385 to approximately 3,300 feet east of FM 1385 Texas Department of Transportation: • US 380: From FM 1385 to Legacy Drive • FM 1385: From US 380 to Parvin Road Agenda Item No. 12 - Page 1 of 2 Budaet Impact: The addition of these roadways to the Town infrastructure will increase the Public Works Street Departments operation and maintenance budget. The exact costs are unknown at this time. Lenal Obilaations and Review: The Interlocal Cooperation Agreement was review and approved by the Town Attorney. Attached Documents: The following documentation is being provided for review: • Interlocal Cooperation Agreement • Resolution authorizing the Town Manager to execute the agreement Board. Committee and/or Staff Recommendation: Town staff recommends that the Town Council: 1) approve an Interlocal Cooperation Agreement between Denton County and the Town of Prosper regarding the maintenance of roads in Denton County and 2) adopt a resolution authorizing the Town Manager to execute the same. Agenda Item No. 12 - Page 2 of 2 THE STATE OF TEXAS § COUNTY OF DENTON § INTERLOCAL COOPERATION AGREEMENT BETWEEN DENTON COUNTY, TEXAS, AND THE TOWN OF PROSPER, TEXAS THIS AGREEMENT is made and entered into by and between Denton County, Texas, a political subdivision of the State of Texas, hereinafter "the County," and the Town of Prosper, Texas, a corporate and political body duly organized and existing under the laws of the State of Texas, hereinafter "the Town." The County and the Town are both collectively referred to herein as "the Parties." This Agreement is for the purpose of performing maintenance on certain roads, as described in attached Exhibit "A," hereinafter "the Project." WHEREAS, the County and the Town mutually desire to be subject to the provisions of Texas Government Code Chapter 791, the Interlocal Cooperation Act, which provides authorization for a local government to contract with one or more local governments to perform governmental functions and services under the terms of the Act; and WHEREAS, the roads involved in the Project are an integral part of the road system of the County and the Town; and WHEREAS, the boundary line between unincorporated Denton County and the corporate limits of the Town of Prosper runs down the centerline of some roads and divides other roads in half, and WHEREAS, the County and the Town propose to divide the maintenance of the roads indicated on attached Exhibit "A;" and WHEREAS, maintenance shall include, but not be limited to, general road maintenance according to the established standards of the County and the Town, including pothole patching, mowing, tree trimming, ditch work and trash pick-up; and NOW, THEREFORE, the County and the Town, for the mutual consideration stated herein, agree and understand as follows: Interlocal Cooperation Agreement — Town of Prosper Page 1 of 8 WITNESSETH: I. The term of this Agreement shall be for a term of one year beginning on October 1, 2008. II. Pursuant to Texas Government Code § 791.011, the Parties hereto agree that the purpose of this Agreement is to ensure that certain governmental functions and services in the area of streets, roads and drainage are performed. The Parties further agree that each of them is authorized to perform the functions and services individually. III. The County and the Town propose to divide the maintenance of the roads in attached Exhibit "A" as depicted by the legend in attached Exhibit "A," which right-of- way is bisected by the boundary line between the unincorporated area of the County and the corporate limits of the Town. The County will provide funding for and maintain the entire right-of-way along its designated section of the roads in attached Exhibit "A," including the portion of the right-of-way that is located in the Town of Prosper. The Town will provide funding for and maintain the entire right-of-way along its designated section of the roads in attached Exhibit "A," including the portion of the right-of-way that is located in the unincorporated area of Denton County. This exchange of in -kind services is deemed adequate consideration for the obligations exchanged by the parties herein. IV. The County agrees and understands that the County, its employees, servants, agents and representatives shall at no time represent themselves to be employees, servants, agents and/or representatives of the Town. V. The Town agrees and understands that the Town, its employees, servants, agents and representatives shall at no time represent themselves to be employees, servants, agents and/or representatives of the County. Interlocal Cooperation Agreement — Town of Prosper Page 2 of 8 VI. The County agrees to accept full responsibility for the acts, negligence and/or omissions of all County employees, agents, subcontractors and/or contract laborers and for those of all other persons doing work under a contract or agreement with the County. VII. The Town agrees to accept full responsibility for the acts, negligence and/or omissions of all Town employees, agents, subcontractors and/or contract laborers and for those of all other persons doing work under a contract or agreement with the Town. VIII. This Agreement is not intended to extend the liability of the Parties beyond that provided by law. Neither the County nor the Town waive, nor shall be deemed to have hereby waived, any immunity or defense that would otherwise be available to it against claims made by third parties. IX. The validity of this Agreement and of any of its terms or provisions, as well as the rights and duties of the Parties hereto, shall be governed by the laws of the State of Texas. Further, this Agreement shall be performable in Denton County, Texas. X. In the event that any portion of this Agreement shall be found to be contrary to law, it is the intent of the Parties hereto that the remaining portions shall remain valid and in full force and effect to the extent possible. XI. The undersigned officer and/or agents of the Parties hereto are the properly authorized officials and have the necessary authority to execute this Agreement on behalf of the Parties hereto, and each party hereby certifies to the other that any necessary resolutions extending said authority have been duly passed and are now in full force and effect. MI. This Agreement represents the entire agreement between the County and the Town and supersedes all prior negotiations, representations and/or agreements, either written or oral. This Agreement may be amended only by written instrument signed by Interlocal Cooperation Agreement — Town of Prosper Page 3 of 8 the governing bodies of both the County and the Town or those authorized to sign on behalf of those governing bodies. XIII. This Agreement becomes effective when signed by the last party whose signing makes the respective agreement fully executed. XIV. This Agreement may be terminated in whole or in part by the County or the Town upon thirty (30) days written notice to the other party at any time, with or without cause. No such termination may be affected unless the party is given [1] written notice delivered via certified mail, return receipt requested, of intent to terminate, and [2] an opportunity for consultation with the terminating party prior to termination. Notices shall be directed as follows: For Town: Honorable Charles Niswanger Mayor of the Town of Prosper, Texas P.O. Box 307 Prosper, Texas 75078 Copy To: Mike Land, Town Manager Town of Prosper, Texas P.O. Box 307 Prosper, Texas 75078 For County: Honorable Mary Horn Denton County Judge 110 West Hickory Street, 2"d Floor Denton, Texas 76201 Copy To: Denton County Criminal District Attorney's Office Civil Division P.O. Box 2850 Denton, Texas 76201 Interlocal Cooperation Agreement — Town of Prosper Page 4 of 8 EXECUTED this day of DENTON COUNTY, TEXAS 110 West Hickory Street, 2nd Floor Denton, Texas, 76201 Honorable Mary Horn Denton County Judge Acting on behalf and by the authority of the Denton County Commissioners Court ATTEST: Denton County Clerk APPROVED AS TO FORM: La-fi Assistant District Attorney 2008. TOWN OF PROSPER, TEXAS P.O. Box 307 Prosper, Texas 75078 By: Honorable Charles Niswanger Mayor of the Town of Prosper, Texas Acting on behalf and by the authority of the Town of Prosper, Texas ATTEST: Town Secretary APPROVED AS TO FORM: an Town Attorney Interlocal Cooperation Agreement — Town of Prosper Page 5 of 8 COUNTY AUDITOR'S CERTIFICATE I hereby certify funds will be available to accomplish and pay the obligation of Denton County, Texas, under this Agreement. County Auditor TOWN AUDITOR'S CERTIFICATE I hereby certify funds will be available to accomplish and pay the obligation of the Town of Prosper, Texas, under this Agreement. Town Auditor Interlocal Cooperation Agreement — Town of Prosper Page 6 of 8 APPROVAL OF INTERLOCAL COOPERATION AGREEMENT Denton County, Texas, acting by and through the Denton County Commissioners Court, and the Town of Prosper, Texas, acting by and through the Prosper Town Council, having been advised of the Project requiring the assignment of responsibility and obligation for road maintenance to certain roads described and depicted in attached Exhibit "A," which right-of-way is bisected by the boundary line between the unincorporated area of Denton County and the corporate limits of the Town of Prosper, herein gives their specific written approval of the Project prior to beginning the Project in satisfaction of the requirements of Texas Government Code Chapter 791, the Interlocal Cooperation Act, and specifically Texas Government Code § 791.014. The description of the Project to be undertaken and its location are as follows: assignment of responsibility and obligation for road maintenance of the roads described in attached Exhibit "A," which right-of-way is bisected by the boundary line of unincorporated Denton County and the corporate limits of the Town of Prosper. The local governments which requested the project and with whom the agreement is by and between are Denton County, Texas, and the Town of Prosper, Texas. By vote on the date below, the Denton County Commissioners Court and the Prosper Town Council have approved the project identified above and authorized execution of this document by the presiding officer of each governmental body. Date: Date: LIM Presiding Officer of the Presiding Officer of the Denton County Commissioners Court Prosper Town Council Interlocal Cooperation Agreement — Town of Prosper Page 7 of 8 EXHIBIT "A" M 04 to ML SMILEY Rd oil RE9,,FRl1E,, IFEt 11 1 Interlocal Cooperation Agreement -- Town of Prosper Page 8 of 8 TOWN OF PROSPER, TEXAS RESOLUTION NO. A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, HEREBY AUTHORIZING THE TOWN MANAGER OF THE TOWN OF PROSPER, TEXAS, TO EXECUTE AN INTERLOCAL COOPERATION AGREEMENT REGARDING THE MAINTENANCE OF ROADS IN DENTON COUNTY, BY AND BETWEEN DENTON COUNTY AND THE TOWN OF PROSPER. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: SECTION 1: The Town Manager of the Town of Prosper, Texas, is hereby authorized to execute, on behalf of the Town Council of the Town of Prosper, Texas, an Interlocal Cooperation Agreement regarding the maintenance of roads in Denton County, by and between Denton County and the Town of Prosper, as hereto attached. SECTION 2: This Resolution shall take effect immediately upon its passage. RESOLVED THIS THE 26th day of August, 2008. Charles Niswanger, Mayor ATTEST TO: Matthew Denton Town Secretary p TOWN ;1SPER To: Mayor and Town Council ENGINEERING From: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer CC: Mike Land, Town Manager Re: Town Council Meeting — August 26, 2008 Date: August 21, 2008 Agenda Item: Consider and act upon a change order #1 to JRJ Paving, Inc., for the US 380 / Coit Road Right Turn Lane Project. Description of Agenda Item: At the July 22, 2008, Town Council Meeting, JRJ Paving, Inc., was awarded a contract in the amount of $75,028.39 to construct a dedicated right turn lane at Coit Road along US 380 to facilitate the new middle school along Coit Road north of US 380. During the construction of the project it was discovered by the TxDOT inspector that the existing shoulder texturing/rumble strip needs to be removed. Since the removal of this texturing was not included in the construction plans prepared by TxDOT, the cost for this removal was not a part of the original contract. This change order will facilitate removal of the texturing by milling out a 2 foot wide swath at a depth of 1.5 inches. Budget Impact: The $4,319.07 cost for the change order is unfunded. Legal Obiloations and Review: No legal review of this request by the Town's Attorney is required. Attached Documents: The following documentation is being provided for review: • Change Order #1 Board. Committee and/or Staff Recommendation: Town staff recommends that the Town Council approve the Change Order #1 in the amount of $4,319.07 to JRJ Paving, Inc., for the US 380 / Coit Road Right Turn Lane Project. Agenda Item No. 13 - Page 1 of 1 CERTIFICATE OF INSURANCE ISSUE DA DD/YY) 8/18/OS18/08 PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, PASCHALL WALLACE INSURANCE GROUP LLC EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW 3308 FORT WORTH HWY WEATHERFORD, TX 76087 COMPANIES AFFORDING COVERAGE COMPNY A SCOTTSDALE INSURANCE COMPANY LETTEINSURED COMPANY B LETTER PONIES & PALS, INC COMPANY C 15930 FM 17 LETTER CANTON, TX 75103 COMPANY D LETTER COMPANY E LETTER COVERAGES THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANDING ANY REQUIREMENT TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CO. LTR TYPE OF INSURANCE POLICY NUDiBER �LI� EFFECTIVE DATE D/YY POLICY EXPIRATION DATE MM/DD/YY ALL LIMITS IN THOUSANDS GENERAL LIABILITY GENERAL AGGREGATE S 1000 A ® COMMERCIAL GENERAL LIABILITY PRODUCTS-COMP/OPS AGGREGATE S 1000 ❑ CLAIMS MADE ® OCCUR CLS1479058 4/18/08 4/18/09 PERSONAL& ADVERTISING INJURY S 1000 EACH OCCURRENCE S 1000 ❑ OWNER'S& CONTRACTOR'S PROT FIRE DAMAGE (Any one fire) S 100 ❑ MEDICAL EXPENSE (Any one person) S 5 AUTOMOBILE LIABILITY COMBINED SMGLE S ❑ ANY AUTO LI4IT BODILY ❑ ALL OWNED AUTOS ❑ SCHEDULED AUTOS INJURY S (Per person) BODILY ❑ HIRED AUTOS ❑ NONOWNER AUTOS INJURY S (Per accident) ❑ GARAGE LIABILITY PROPERTY S El DAMAGE EXCESS LIABILITY EACH AGGREGATE ❑ OCCURRENCE ❑ OTHER THAN UMBRELLA FORM S S OTHER El DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES/RESTRICTIONS/SPECIAL ITEMS CERTIFICATE HOLDER IS LISTED AS AN ADDITIONAL INSURED UNDER THE GL POLICY CERTIFICATE HOLDER CANCELLATION TOWN OF PROSPER SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE 121 W BROADWAY EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO PROSPER, TX 75078 MAIL 1 O DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE ATTN: KAREN GILL LEFT, BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR EVENT DATE: 12/13/08 LIABILITY OF ANY KIND UPON THE COMPANY, ITS AGENTS OR REPRESENTATIVES AUTHORIZED REPRESENTATIVE TSU-C1 (4/1/97) CHANGE ORDER REQUEST To: Hulon T. Webb, Jr., Dir. Of Development Svcs. 407 E. First St. Prosper, Texas 75078 From: JRJ Paving, LP 1805 Royal Lane, Suite 107 Dallas, TX 75229 Original Contract Amount: $75,028.40 Previous Change Orders: 0 Contract Sum: $ 75,028.40 Value of this Change Order: 4319.07 New Contract Sum: $ 79,347.47 The Contract Completion date will change by: 0 DAYS The Contract is Chanced as Follows: Change Order Number Chance Order Date: 1 8/15/2008 Protect Name: Right Turn Lane for US 380 @ Coit Road Contract for. Contract Date: Our Project Code: Architect's Project Number: 28156 Distribute To: X Owner Contractor Other Architect X Field Construction Manager The expected completion date will be: Per direction by Matt Phillips of TXDOT, The shoulder texturing should be milled out in a 2 foot wide swath at 1.5 inches deep using the following bid item: Item 354-2041, Plane Asph Conc Pav (1.5"), SY The fill should be Type C HMAC which has already been set up in the plans for use in the widened portion. Architect Signature Date rnntrartnr JRJ Paving, LP 1805 Royal Lane, Suite 107 Dall 75229 /`►' ` zL,,-, Signature g-%5--Dg Date Owner Town of Prosper, Texas 407 E. First Street Prosper, Texas 75078 Signature Date ISPER PLANNING P To: Mayor and Town Council From: Chris Copple, Senior Planner Cc: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer Re: Town Council Meeting — August 26, 2008 Date: August 20, 2008 Agenda Item: A public hearing to consider and act upon a request to rezone 11.3t acres, located on the west side of Coleman Street, 200t feet south of Eagle Lane, from Agricultural (A) to Commercial (C). (Z08-10). Description of Agenda Item: The zoning and land use of the surrounding properties are as follows: Zoning Current Land Use Future Land Use Plan North Commercial Retail Old Town Core District - Commercial East Single Family-15 Prosper High School School South Single Family-15 Dairy Old Town Core District - Manufacturing/Undeveloped Commercial West Planned Development- Undeveloped Neighborhood Office 26-Office/Industrial Requested Zoning — Z08-10 is a request to rezone 11.3t acres, located on the west side of Coleman Street, 200t feet south of Eagle Lane, from Agricultural (A) to Commercial (C). The Commercial (C) district allows for the development of commercial, retail, service, and office uses. Future Land Use Plan — The Future Land Use Plan (FLUP) recommends Old Town Core District - Commercial for the property. The zoning request conforms to the FLUP. Conformance to the Future Thoroughfare Plan — The zoning exhibit complies with the Future Thoroughfare Plan. Water and Sanitary Sewer Services — Water and sewer service will have to be extended to the property either before or with the development. Agenda Item No. 14 - Page 1 of 2 Access —Access to the property is from Coleman Street. Schools — This property is located within the Prosper Independent School District (PISD). A school site is not needed on this property. Parks — This property is not needed for the development of a park. Budget Impact: There are no significant budget implications associated with the approval of this zoning request. Legal Obligations and Review: Zoning is discretionary. Therefore, the Town Council is not obligated to approve the request. Notification was provided to neighboring property owners as required by State law. Town staff has received one public hearing notice reply form and it is not in opposition to the zoning request. Attached Documents: 1. Zoning Exhibit A. 2. Public hearing notice reply form. Planning & Zoning Commission Recommendation: At their August 5, 2008 meeting, the Planning & Zoning Commission recommended that the Town Council approve the request to rezone 11.3t acres, located on the west side of Coleman Street, 200t feet south of Eagle Lane, from Agricultural (A) to Commercial (C) by a vote of 7-0. Town Staff Recommendation: Town staff recommends that the Town Council approve the request to rezone 11.3t acres, located on the west side of Coleman Street, 200t feet south of Eagle Lane, from Agricultural (A) to Commercial (C). Agenda Item No. 14 - Page 2 of 2 ftlp-ll1 fuf! rl ttpp-tt1 (W! qIY "MRYY 7Yt �H=�mmLIZm � S 8 t a R R $ R .UHIH O ONINOZ\j SVX'3.L 'Hadsoad 'ALL Sg.LdxINIIM - HN £' T i ui Z 3 9 A !o �N � 9 y tr -• _ ( t ,t I H eee o U p ~ NS�' A g a 3 C 84i 3 Zo pypyy •�i - lY ��-4.��rg s3- — I §��q48�pN --------------- --- -- PLANNUNG DEPARTMENT P.O. Box 307 Prosper, TX 75078 Phone: 972-346-3502 Fax: 972-347-9006 REPLY FORM SUBJECT: Zoning Case Z08-10: The Town of Prosper has received an application to rezone 11.3± acres from Agricultural (A) to Commercial (C). LOCATION OF SUBJECT PROPERTY: The property is located 150± feet south of Eagle Way on the west side of Coleman Street. (See exhibit on the back side of this page). DESCRIPTION OF THE REQUEST: The requested zoning would allow for the development of commercial, light intensity wholesale, retail, service, and office type uses on the property. ❑ I OPPOSE the request as described in the notice of public hearing. Avo1 DO NOT OPPOSE the request as described in the notice of public hearing. COMMENTS (ATTACH ADDITIONAL SHEETS IF NECESSARY): 141)2y Co>4rZ _ Name (please print) & Address prmljw 7-<0 > City, State, a d Zip Code Signature Date E-mail Address PLANNING p T SPER. To: Mayor and Town Council From: Chris Copple, Senior Planner Cc: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer Re: Town Council Meeting — August 26, 2008 Date: August 20, 2008 Agenda Item: A public hearing to consider and act upon a request to rezone 0.6t acre (508 East Broadway Street), located on the southwest corner of Broadway Street and Field Street, from Single Family-15 (SF-15) to Downtown Office (DTO). (Z08-12). Description of Agenda Item: The zoning and land use of the surrounding properties are as follows: Zoning Current Land Use Future Land Use Plan North Single Family-15 Single Family Residential Old Town Core District - Office East Single Family-15 Single Family Residential Old Town Core District - Office South Single Family-15 Single Family Residential Old Town Core District - Single Family Residential West Single Family-15 Single Family Residential Old Town Core District - Office Reauested Zoning — Z08-12 is a request to rezone 0.6t acre (508 East Broadway Street), located on the southwest corner of Broadway Street and Field Street, from Single Family-15 (SF-15) to Downtown Office (DTO). The Downtown Office (DTO) district accommodates a variety of office uses providing for professional, financial, medical, and similar services for local residents and service uses necessary to support such office uses. Future Land Use Plan — The Future Land Use Plan (FLUP) recommends Old Town Core District - Office for the property. The zoning request conforms to the FLUP. Conformance to the Future Thoroughfare Plan — The zoning exhibit complies with the Future Thoroughfare Plan. Water and Sanitary Sewer Services — Water and sanitary sewer service have been extended to the property. Agenda Item No. 15 - Page 1 of 2 Access — Access to the property is from Broadway Street and Field Street. Schools — This property is located within the Prosper Independent School District (PISD). A school site is not needed on this property. Parks — This property is not needed for the development of a park. Budaet Impact: There are no significant budget implications associated with the approval of this zoning request. Leaal Oblictations and Review: Zoning is discretionary. Therefore, the Town Council is not obligated to approve the request. Notification was provided to neighboring property owners as required by State law. Town staff has not received any public hearing notice reply forms. Attached Documents: 1. Zoning Exhibit A. Plannina & Zonina Commission Recommendation: At their August 5, 2008 meeting, the Planning & Zoning Commission recommended that the Town Council approve the request to rezone 0.6t acre (508 East Broadway Street), located on the southwest corner of Broadway Street and Field Street, from Single Family-15 (SF-15) to Downtown Office (DTO) by a vote of 7-0. Town Staff Recommendation: Town staff recommends that the Town Council approve the request to rezone 0.6t acre (508 East Broadway Street), located on the southwest corner of Broadway Street and Field Street, from Single Family-15 (SF-15) to Downtown Office (DTO). Agenda Item No. 15 - Page 2 of 2 a PARWNSTREET og � `n A U3 1 g cn a s$ - Ln Ln gp W < A U, i 012, a v E 8 Ln �i a 140,00 N 00'00'00" E cn L. i Q .9 Z g 80 i'�yCA��r'1 N� iii (��]JJ Q O 5S n — cn FIELD STREET 140.00 S 00'00'00" w $l CI fill C APR$ cn & cn zi R a oft O Oo s cn c D � A s� Z Ooozgg a �1 x'n� D a n Z r�� O 4 R �F � ayy FT-1 F o�iz 8 �$ I o FT1 v,om X �N J� ooDCn—I uas Z � c/) ! D m D s a PLANNING p T SPER. To: Mayor and Town Council From: Chris Copple, Senior Planner Cc: Hulon T. Webb, Jr., P.E., Director of Development Services/Town Engineer Re: Town Council Meeting — August 26, 2008 Date: August 20, 2008 Agenda Item: A public hearing to consider and act upon a request to rezone 2.1t acres, located on the southwest corner of Prosper Trail and Robison Creek Drive, from Single Family-15 (SF-15) to Single Family-12.5 (SF-12.5). (Z08-13). Description of Agenda Item: The zoning and land use of the surrounding properties are as follows: Zoning Current Land Use Future Land Use Plan North Planned Development- Single Family Residential Medium Density 31-Single Family Residential East Single Family -Estate Single Family Residential Medium Density Residential South Single Family -Estate Single Family Residential Medium Density Residential West Planned Development- Single Family Residential Medium Density 30-Single Family-12.5 Residential Requested Zoning — Z08-13 is a request to rezone 2.1t acres, located on the southwest corner of Prosper Trail and Robison Creek Drive, from Single Family-15 (SF-15) to Single Family-12.5 (SF-12.5). The purpose of the zoning request is to allow for the property owner to subdivide the property into three lots, creating two lots south of the existing house. Future Land Use Plan — The Future Land Use Plan (FLUP) recommends Medium Density Residential for the property. Medium Density Residential recommends a density of 2.1 to 3.5 dwelling units per acre. The zoning request conforms to the FLUP. Conformance to the Future Thoroughfare Plan — The zoning exhibit complies with the Future Thoroughfare Plan. Water and Sanitary Sewer Services — Water and sanitary sewer service have been extended to the property. Agenda Item No. 16 - Page 1 of 2 Access — Access to the property is from Robison Creek Drive. Schools — This property is located within the Prosper Independent School District (PISD). A school site is not needed on this property. Parks — This property is not needed for the development of a park. Budget Impact: There are no significant budget implications associated with the approval of this zoning request. Legal Obligations and Review: Zoning is discretionary. Therefore, the Town Council is not obligated to approve the request. Notification was provided to neighboring property owners as required by State law. Town staff has received one public hearing notice reply form in opposition to the request. Attached Documents: 1. Zoning Exhibit A. 2. Public hearing notice reply form. Town Staff Recommendation: Town staff recommends that the Town Council approve the request to rezone 2.1t acres, located on the southwest corner of Prosper Trail and Robison Creek Drive, from Single Family- 15 (SF-15) to Single Family-12.5 (SF-12.5). Agenda Item No. 16 - Page 2 of 2 F' S 0 PTOWN OF �. REPLY FORM PLAMNING 0EPAVTRf,i0k,1r P.O. Box 307 Prosper, TX 75078 Phone: 972-346-3502 Fax: 972-347-9006 SUBJECT: Zoning Case Z08-13: The Town of Prosper has received an application to rezone 2.1± acres from Single Family-15 (SF-15) to Single Family-12.5 (SF-12.5). LOCATION OF SUBJECT PROPERTY: The property is located on the southwest comer of Prosper Trail and Robison Creek Drive. (See exhibit on the back side of this page). DESCRIPTION OF THE REQUEST: The Single Family-12.5 District is established to provide for development of single family detached dwelling units on a minimum lot size of twelve thousand five hundred (12,500) square feet. I OPPOSE the request as described in the notice of public hearing. ❑ I DO NOT OPPOSE the request as described in the notice of public hearing. COMMENTS (ATTACH ADDITIONAL SHEETS IF NECESSARY): (N POAIALP S'Ko u1SK`1 Name (please print) tPAIR6 44*- —STd- 307 Address .5*6(,UvA1R-7 , LA- 7l (d I City, State, and Zip Code �V' Date '-- R6NgI-KOV4 usKY(P Ml rejry E-mail Address ADMINISTRATION Regular Meeting Prosper Town Council August 26, 2008 - 6:00 p.m. To: Mayor and Town Council From: Matthew D. Denton, Town Secretary Xc: Mike Land, Town Manager Re: Annexation of approximately 11.295 acres of land generally located west of Coleman Street and +1750' south of Prosper Trail. Description: Council accepted the petition for the voluntary annexation of approximately 11.295 acres of land generally located west of Coleman Street and +1750' south of Prosper Trail at their July 22, 2008 meeting. This is the second of two public hearings required to annex the property. Following is a service plan for the property. Recommendation: Staff recommends that Council receive any input at the public hearing. Following the public hearing, no Council action is required. Agenda Item No. 17 X191H 3 HoLLVXRN V faoop rue) w aaoo-sp rua svx31 'xaasoxa INU SH.LV)UNIM - HIDY £'i i _ ..... Z Agarfill ! { yy Wfi_l Isis 11 pill pill -4D I I I i I I I I I I I I y I I I I � I� I �1 I 10i: @i9�jALo a I f Ip9���i a�; I � I yE� 2 TOWN OF PROSPER, TEXAS SERVICE PLAN FOR ANNEXED AREA ANNEXATION ORDINANCE: NO. DATE OF ANNEXATION ORDINANCE: ACREAGE ANNEXED: SURVEY, ABSTRACT & COUNTY: CURRENT PROPERTY OWNER: 08-XXX September 9, 2008 Approximately 11.295 acres Collin County School Land Survey, Abstract No. 147, Collin County Charles Winikates MUNICIPAL SERVICES TO THE ACREAGE DESCRIBED ABOVE SHALL BE FURNISHED BY OR ON BEHALF OF THE TOWN OF PROSPER, TEXAS, AT THE FOLLOWING LEVELS AND IN ACCORDANCE WITH THE FOLLOWING SCHEDULE: A. POLICE SERVICE PATROLLING, RESPONSES TO CALLS, AND OTHER ROUTINE POLICE SERVICES, WITHIN THE LIMITS OF EXISTING PERSONNEL AND EQUIPMENT, WILL BE PROVIDED UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. 2. UPON ULTIMATE DEVELOPMENT OF THE AREA, THE SAME LEVEL OF POLICE SERVICE WILL BE PROVIDED TO THIS AREA AS ARE FURNISHED THROUGHOUT THE TOWN. B. FIRE SERVICE 1. FIRE PROTECTION AND EMERGENCY AMBULANCE EQUIPMENT BY THE PRESENT PERSONNEL AND THE PRESENT EQUIPMENT OF THE FIRE DEPARTMENT, WITHIN THE LIMITS OF AVAILABLE WATER AND DISTANCES FROM THE EXISTING FIRE STATION, WILL BE PROVIDED TO THIS AREA UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. 2. UPON ULTIMATE DEVELOPMENT OF THE AREA, THE SAME LEVEL OF FIRE AND EMERGENCY AMBULANCE SERVICES WILL BE PROVIDED TO THIS AREA AS ARE FURNISHED THROUGHOUT THE TOWN. C. ENVIRONMENTAL HEALTH AND CODE ENFORCEMENT SERVICES 1. ENFORCEMENT OF THE TOWN'S ENVIRONMENTAL HEALTH ORDINANCE AND REGULATIONS, INCLUDED BUT NOT LIMITED TO WEED AND BRUSH ORDINANCES, JUNKED AND ABANDONED VEHICLE ORDINANCE, AND ANIMAL CONTROL ORDINANCES, SHALL BE PROVIDED WITHIN THIS AREA 60 DAYS TO THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. THESE ORDINANCES AND REGULATIONS WILL BE ENFORCED THROUGH THE USE OF EXISTING PERSONNEL. 2. INSPECTION SERVICES, INCLUDING THE REVEIW OF BUILDING PLANS, THE ISSUANCE OF PERMITS AND THE INSPECTION OF ALL BUILDINGS, PLUMBING, MECHANICAL, AND ELECTRICAL WORK TO ENSURE COMPLIANCE WITH TOWN CODES AND ORDINANCES WILL BE PROVIDED WITHIN 60 DAYS OF THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. EXISTING PERSONNEL WILL BE USED TO PROVIDE THESE SERVICES. 3. THE TOWN'S ZONING, SUBDIVISION, SIGN, AND OTHER ORDINANCES SHALL BE ENFORCED IN THIS AREA BEGINNING UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. 4. ALL INSPECTION SERVICES FURNISHED BY THE TOWN OF PROSPER, BUT NOT MENTIONED ABOVE, WILL BE PROVIDED TO THIS AREA BEGINNING WITHIN 60 DAYS OF THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. 5. AS DEVELOPMENT AND CONSTRUCTION COMMENCE IN THIS AREA, SUFFICIENT PERSONNEL WILL BE PROVIDED TO FURNISH THIS AREA THE SAME LEVEL OF ENVIRONMENTAL HEALTH AND CODE ENFORCEMENT SERVICES AS ARE FURNISHED THROUGHOUT THE TOWN. D. PLANNING AND ZONING SERVICES THE PLANNING AND ZONING JURISDICTION OF THE TOWN WILL EXTEND TO THIS AREA UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. TOWN PLANNING WILL THEREAFTER ENCOMPASS THIS PROPERTY, AND IT SHALL BE ENTITLED TO CONSIDERATION FOR ZONING IN ACCORDANCE WITH THE TOWN'S COMPREHENSIVE PLAN. E. PARK AND RECREATION SERVICES I. RESIDENTS OF THIS PROPERTY MAY UTILIZE ALL EXISTING PARK AND RECREATIONAL SERVICES, FACILITIES, AND SITES THROUGHOUT THE TOWN, BEGINNING UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. 2. ADDITIONAL FACILITIES AND SITES TO SERVE THIS PROPERTY AND ITS RESIDENTS WILL BE ACQUIRED, DEVELOPED, AND MAINTAINED AT LOCATIONS AND TIMES PROVIDED BY APPLICABLE PLANS, POLICIES AND PROGRAMS AND DECISIONS OF THE TOWN OF PROSPER. THIS PROPERTY WILL BE INCLIDED IN ALL FUTURE PLANS FOR PROVIDING PARKS AND RECREATION SERVICES TO THE TOWN. 3. THIS PROPERTY WILL BE INCLUDED IN ALL PLANS FOR PROVIDING PARKS AND RECREATION SERVICES TO THE TOWN. THE SAME LEVEL OF PARKS AND RECREATION SERVICES SHALL BE FURNISHED TO THIS PROPERTY AS IS FURNISHED THROUGHOUT THE TOWN. 4. EXISTING PARKS, PLAYGROUNDS, AND OTHER RECREATIONAL FACILITIES WITHIN THIS PROPERTY SHALL, UPON DEDICATION TO AND ACCEPTANCE BY THE TOWN, BE MAINTAINED AND OPERATED BY THE TOWN OF PROSPER, BUT NOT OTHERWISE. F. SOLID WASTE COLLECTION I. SOLID WASTE COLLECTION SHALL BE PROVIDED TO THE PROPERTY IN ACCORDANCE WITH EXISTING TOWN POLICIES, BEGINNING UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. RESIDENTS OR COMMERCIAL USERS OF THIS PROPERTY UTILIZING PRIVATE COLLECTION SERVICES AT THE TIME OF ANNEXATION MAY CONTINUE TO DO SO IN LIEU OF RECEIVINH CITY SERVICES UNTIL THE SECOND ANNIVERSARY OF THE EFFECTIVE DATE OF THIS ORDINANCE. 2. AS DEVELOPMENT AND CONSTRUCTION COMMENCE ON THIS PROPERTY, AND POPULATION DENSITY INCREASES TO THE PROPERTY LEVEL, SOLID WASTE COLLECTION SHALL BE PROVIDED TO THIS PROPERTY IN ACCORDANCE WITH THE CURRENT POLICIES OF THE TOWN AS TO FREQUENCY, CHANGES AND SO FORTH. G. STREETS I. THE TOWN OF PROSPER'S EXISTING POLICIES WITH REGARD TO STREET MAINTENANCE, APPLICABLE THROUGHOUT THE ENTIRE TOWN, SHALL APPLY TO THIS PROPERTY BEGINNING UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. UNLESS A STREET WITHIN THIS PROPERTY HAS BEEN CONSTRUCTED OR IS IMPROVED TO THE TOWN'S STANDARDS AND SPECIFICATIONS, THAT STREET WILL NOT BE MAINTAINED BY THE TOWN OF PROSPER. 2. AS DEVELOPMENT, IMPROVEMENT OR CONSTRUCTION OF STREETS TO TOWN STANDARDS COMMENCE WITHIN THIS PROPERTY, THE POLICIES OF THE TOWN OF PROSPER WITH REGARD TO PARTICIPATION IN THE COSTS THEREOF, ACCEPTANCE UPON COMPLETION, AND MAINTENANCE AFTER COMPLETION, SHALL APPLY. 3. THE SAME LEVEL OF MAINTENANCE SHALL BE PROVIDED TO STREETS WITHIN THIS PROPERTY WHICH HAVE BEEN ACCEPTED BY THE TOWN OF PROSPER AS IS PROVIDED TO TOWN STREETS THROUGHOUT THE TOWN. 4. STREET LIGHTING INSTALLED ON STREETS IMPROVED TO TOWN STANDARDS SHALL BE MAINTAINED BY THE EXISTING FRANCHISE IN ACCORDANCE WITH CURRENT POLICIES. H. WATER SERVICES 1. CONNECTION TO EXISTING TOWN WATER MAINS FOR WATER SERVICE FOR DOMESTIC, COMMERCIAL, AND INDUSTRIAL USE WITHIN THIS PROPERTY WILL BE PROVIDED IN ACCORDANCE WITH EXISTING TOWN POLICIES. UPON CONNECTION TO EXISTING MAINS, WATER WILL BE PROVIDED AT RATES ESTABLISHED BY TOWN ORDINANCES FOR SUCH SERVICE THROUGHOUT THE TOWN. AS DEVELOPMENT AND CONSTRUCTION COMMENCE IN THIS PROPERTY, WATER MAINS OF THE TOWN WILL BE EXTENDED IN ACCORDANCE WITH PROVISIONS OF THE SUBDIVISION ORDINANCE AND OTHER APPLICABLE ORDINANCES AND REGULATIONS. TOWN PARTICIPATION IN THE COSTS OF THESE EXTENSIONS SHALL BE IN ACCORDANCE WITH THE APPLICABLE TOWN ORDINANCES AND REGULATIONS. SUCH EXTENSIONS WILL BE COMMENCED WITHIN TWO AND ONE-HALF (2 '/2) YEARS FROM THE DATE OF ADOPTION OF THE ANNEXATION ORDINANCE, OR UPON COMMENCEMENT OF DEVELOPMENT OF A SUBDIVISION WITHIN THIS PROPERTY, WHICHEVER OCCURS LATER. 3. WATER MAINS INSTALLED OR IMPROVED TO TOWN STANDARDS WHICH ARE WITHIN THE ANNEXED AREA AND ARE WITHIN DEDICATED EASEMENTS SHALL BE MAINTAINED BY THE TOWN OF PROSPER BEGINNING UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. 4. THEIR OWNERS, IN ACCORDANCE WITH EXISTING POLICIES APPLICABLE THROUGHOUT THE TOWN, SHALL MAINTAIN PRIVATE WATER LINES WITHIN THIS PROPERTY. I. SANITARY SEWER SERVICES 1. CONNECTIONS TO EXISTING TOWN SANITARY SEWER MAINS FOR SANITARY SEWAGE SERVICE IN THIS AREA WILL BE PROVIDED IN ACCORDANCE WITH EXISTING TOWN POLICIES. UPON CONNECTION, SANITARY SEWAGE SERVICE WILL BE PROVIDED AT RATES ESTABLISHED BY TOWN ORDINANCES FOR SUCH SERVICE THROUGHOUT THE TOWN. 2. SANITARY SEWAGE MAINS AND/OR LIFT STATIONS INSTALLED OR IMPROVED TO TOWN STANDARDS, LOCATED IN APPROVED DEDICATED EASEMENTS, AND WHICH ARE WITHIN THE ANNEXED AREA AND ARE CONNECTED TO TOWN MAINS WILL BE MAINTAINED BY THE TOWN BEGINNING UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. PRIVATE SEWER LINES SHALL BE MAINTAINED BY THE OWNERS THEREOF IN ACCORDANCE WITH EXISTING TOWN POLICIES, PRACTICES AND REGULATIONS. 3. AS DEVELOPMENT AND CONSTRUCTION COMMENCE IN THIS AREA, SANITARY SEWER MAINS OF THE TOWN WILL BE EXTENDED IN ACCORDANCE WITH PROVISIONS OF THE SUBDIVISION ORDINANCE AND OTHER APPLICABLE TOWN ORDINANCES AND REGULATIONS. TOWN PARTICIPATION IN THE COSTS OF THE EXTENSIONS SHALL BE IN ACCORDANCE WITH APPLICABLE TOWN ORDINANCES AND REGULATIONS. SUCH EXTENSIONS WILL BE COMMENCED WITHIN TWO AND ONE-HALF (2 1/2) YEARS FROM THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE, UNLESS THE SERVICES CANNOT BE REASONABLY PROVIDED IN THAT PERIOD, THEN TOWN SHALL PROPOSE A SERVICE SCHEDULE TO PROVIDE FOR THE PROVISION OF THE SERVICES WITHIN FOUR AND ONE- HALF (4-1/2) YEARS AFTER THAT DATE. J. MISCELLANEOUS 1. ANY FACILITY OR BUILDING LOCATED WITHIN THE ANNEXED AREA AND UTILIZED BY THE TOWN OF PROSPER IN PROVIDING SERVICES TO THE AREA WILL BE MAINTAINED BY THE TOWN COMMENCING UPON THE DATE OF USE OR UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE, WHICHEVER OCCURS LATER. 2. GENERAL MUNICIPAL ADMINISTRATION AND ADMINISTRATIVE SERVICES TO THE TOWN SHALL BE AVAILABLE TO THE ANNEXED AREA BEGINNING UPON THE EFFECTIVE DATE OF THE ANNEXATION ORDINANCE. 3. NOTWITHSTANDING ANYTHING SET FORT ABOVE, THIS SERVICE PLAN DOES NOT REQUIRE ALL TOWN SERVICES BE PROVIDED AS SETFORTH ABOVE IF DIFFERENTCHARACTERISTICS OF TOPOGRAPHY, LAND USE AND POPULATION DENSITY ARE CONSIDERED A SUFFICIENT BASIS FOR PROVIDING DIFFERENT LEVELS OF SERVICE. 4. THE SERVICE PLAN IS VALID FOR TEN (10) YEARS FROM THE EFFECTIVE DATE OF THE ORDINANCE. ;ISPER OWN OF ADMINISTRATION To: Mayor and Town Council From: Mike Land, Town Manager Re: Town Council Meeting — August 26, 2008 Date: August 21, 2008 Anenda Item: Public Hearing for the Proposed 2008-2009 Fiscal Year Budget Description of Auenda Item: Attached please find my budget memo presented on August 12, 2008. Tonight is the first of two public hearings to be held regarding the 2008-2009 Budget. I do not plan on going through the entire presentation again but will have copies of the August 12, 2008 Power Point presentation available. Regarding the difference between the current tax rate of $0.52 and a tax rate of $0.501, this equates to a property tax revenue reduction of approximately $188,000. Staff is working through the difference, examining other revenue opportunities to make up the reduction without having to reduce proposed staffing, program or capital investments. Budoet Impact: NA Legal Oblisiations and Review: NA Attached Documents: Budget Memo presented August 12, 2008 to the Prosper Town Council Town Staff Recommendation: This is the first of two public hearings for the proposed 2008-2009 Budget. Agenda Item No. 18 - Page 1 of 1 P TOWN SER August 8, 2008 Honorable Mayor and Town Council Citizens of Prosper Mayor, Town Council, Citizens, I am pleased to present to you the Proposed 2008-2009 Town of Prosper Annual Operations and Maintenance Budget for your consideration. This document details the comprehensive strategic plan by which the Town of Prosper strives to enhance the community's quality of life. For the first time, the Prosper Town Council has adopted a Strategic Vision and Work Plan that was used in guiding the development of this proposed budget. The most important element of their effort resulted in the following Purpose Statement: TOWN OF PROSPER PURPOSE STATEMENT "Prosper is a place where everyone matters." In the coming year, a corresponding Performance Plan will be adopted that will be used to implement the Council's Strategic Vision and Work Plan. The Work Plan in conjunction with Performance Measures are important tools that will be used to define the level and quality of services to be provided to the citizens of Prosper. By establishing standards, the Council, citizens and team members of the Town will have clear expectations before them, helping everyone understand better the operations of the Town and the value of what is being provided. BUDGET OVERVIEW The Town of Prosper 2008-2009 Proposed Budget represents a continuation of most Town services at the same or similar levels, with added focus on improving public safety and community services. Understanding that the Town's growth and revenues are directly related to uncertain economic conditions in various markets, the budget is being proposed after prudent examination and with conservative forecasts. The Town of Prosper currently employs 75 team members - 61 full-time, 2 part-time and 12 on -call temporary. Within the proposed budget there is a recommendation to only hire one additional employee, a Communications Manager in the Police Department. All other department's personnel will be funded at their current staffing levels. The budget does identify a four (4%) percent pay increase for all employees. In evaluating the 2008-2009 Proposed Budget it is important to consider several historical organizational initiatives, current environmental factors and the impact each has on planning for additional appropriations. Those with the greatest impact are listed below. FY 2009 will include the first full year's implementation of the Waters Consulting Group Pay Plan that was adopted in 2007. The current Fiscal Year Budget, 07-08, implemented the pay plan in three phases, with the final phase not being implemented until this September, 2008. Implementing the plan in this way afforded the Town the opportunity to improve employees pay while at the same time minimizing its costs in the current Fiscal Year. The Fiscal Year 08-09 Budget though reflects the full cost of the pay plan's implementation. This will automatically increase personnel cost approximately $105,000 plus benefits. • The Town is continuing to receive negatively trending sales tax revenues. The budget recognizes a decrease of nearly 17% or $200,000 in budgeted sales tax compared to the 07-08 Budget despite the addition of some commercial space in 2009. • The addition of EMS/Fire staff as approved in FY 2007 has resulted in additional costs totaling $548,000, which are partially offset by grant revenues anticipated to be $341,550. This grant will continue for four more years with a decreasing value paid to the Town each year of the grant. • Energy and Fuel costs continue to rise at an alarming rate. The proposed 08-09 Fiscal Year General Fund Budget anticipates increased cost totaling $85,000, or a 46% increase over the adopted 07-08 Fiscal Year Budget. • The State of Texas on July 25, 2008 granted the Town of Prosper the ability to create its own 911 Dispatch Center. This was necessitated by the fact that the Town will no longer be receiving 911 dispatch services from Frisco sometime after the first quarter of 2009. In the interim and prior to the Town establishing its own Dispatch Center, the Town will be served by the Collin County Sheriff's Department. As a result of these actions, it is recommended that the Town hire a Communications Manager to shepherd this project, ensuring that the citizens of Prosper receive the best service possible with no service interruptions. The proposed 2008 — 2009 Budget Appropriations total $11,209,939 for all funds not including debt service payments. Of that amount, approximately $6,289,129 is for General Fund operations and maintenance, $3,897,686 is for the Town's Enterprise Funds including Solid Waste, Water and Sewer utilities, and the yet to be funded Stormwater Drainage utility. Debt service payments will total $2,127,619. Property Values Certified freeze -adjusted, taxable property valuations increased by $178M (23.4%) in FY 2008-09. These values increased from $762,250,305 to $940,820,954. While the growth in certified property valuations continues to increase, economic and inflationary pressures of rising energy cost are counterbalancing this growth specifically with the continuing decline in sales tax collection. This past year the Town has seen a stabilized residential construction market indicating property tax values will continue to increase. Property Tax Rate This year the property tax rate as proposed is consistent with the current tax rate of $0.52 per $100 of property valuations. The portion of the tax applied to debt service is $0.214989. Sales Taxes In the face of rising energy and fuel cost and the slow down in the construction industry throughout the region the Town's retail sales tax collections are projected to continue to decline. Utility Rates The Town of Prosper Town Council this past spring engaged the services of J. Stowe and Company to produce with staff a Water and Wastewater Utility Comprehensive Business Plan. The Plan will be presented to the Town Council within the next sixty (60) days. Contained within the plan are recommendations to enhance revenues, to establish a 60 day operations and maintenance reserve account and to fund an annual contribution of 2% to a capital replacement program. Solid Waste rates will be increasing this coming Fiscal Year reflecting the fuel service charge being added by IESI, as allowed for in the current contract with the service provider. Stormwater Drainage Utility rates will be implemented in the coming year. Staff continues to research data prior to recommending the establishment of a rate. GENERAL FUND The 2008-2009 Proposed Budget as presented is based on using the Existing Tax Rate of $0.52. The projected effective tax rate, that is the rate that would generate the same amount of property tax revenues in 2008-2009 that were generated in this fiscal year, is $0.486331. The rollback rate, which equates to 108% of the effective operating rate, plus the debt service rate, less the additional sales tax adjustment dedicated to property tax relief is $0.501568. Without the sales tax adjustment of $0.038043, the rollback rate would be $0.539611. Each penny of the tax rate generates approximately $94,000 in property tax revenue. Additionally, for property tax revenue projections the Collin County Tax Assessor -Collector states that it again expects to collect 100% of the current property taxes due. Revenues are expected to exceed Appropriations resulting in an increase of $55,232 to the Town's Fund balance. The Audited Fund Balance at the end of 2006 — 2007 was $3,093,165. Revised Fund balance prior to the final audit for 2007 — 2008 is expected to increase to $3,208,047. (The actual 2007-2008 budget called for no increase to the Fund Balance.) Should the current projections hold true, the total projected fund balance as of September 30, 2009 could be $3,260,279. The Town has historically called for a reserve level equal to 16% (or 60 days) of appropriations. In the Proposed 2008-2009 Budget, the target reserve level has been elevated to 25% (or 90 days). In addition to this reserve, staff has earmarked an amount of the fund balance equal to 10% of the total general fund expenditures to conform to the Town Charter provision regarding contingent funds. At the end of the 2008-2009 fiscal year the projected total fund balance not otherwise restricted or held in contingency should total $1,068,959 which equates to an additional 61 days of operations depending on final audited numbers. REVENUES Overall, revenues are projected to increase 18.4% compared to budgeted 2007-2008. This increase continues to reflect the overall decrease in sales tax collections. Property Tax Revenues for Operations and Maintenance are projected to increase by approximately 32.3% compared to budgeted 2007-2008 revenues. Sales Taxes are projected to decrease at a 9.1% rate over collections for this year while Franchise and other related Taxes are projected to increase 11.3% primarily as the result of increased energy cost and growth in the community. Staff continues to be conservative when projecting sales tax because of the down turn in construction related projections for the DFW metroplex. The Town's sales tax has seen a continued decline beginning in 2006 when it was at its height to the current year. In the current year, excluding the onetime audited adjustment from the State reflecting a single payment for sales tax collections between 2000 and 2003, the Town is expected to receive $1,012,000. This represents a decline of approximately 33% in sales tax receipts over the last 3 years. Permit Revenues are projected to remain constant when compared to the 2007-2008 Budget yet substantially less than actual revenues for the current fiscal year reflecting less new home or multi- family construction and minimal non-residential construction in the coming year. Municipal Court Fines and Licenses are projected to remain consistent with the current year's projected revenues. Fees and Other Revenues are projected to increase by 105% over the prior budget. Street rental and payment in lieu of taxes from the Town's Enterprise Funds are projected as new revenue in the 2008- 2009 budget. The expected SAFER Grant revenues ($341,550) contribute to most of this large increase. General Fund Revenues by Source Revenue Category FY 2009 Proposed % of Total Property Tax $ 2,884,060 45.5% Licenses, fees, and permits $ 1,055,785 16.6% Sales Tax $ 1,003,045 15.8% Grants $ 341,550 5.4% Franchise $ 299,494 4.7% Interfund Transfer In $ 199,502 3.1% Fines & warrants $ 191,875 3.0% Charges for services $ 159,700 2.5% Miscellaneous $ 106,150 1.7% Investment Income $ 100,200 1.6% Revenue Total $ 6,341,361 100.0% APPROPRIATIONS Total General Fund Appropriations for the 2008 — 2009 Budget are $6,289,129. This is an increase of approximately 17.4% compared to the 2007 — 2008 Budget. Personnel costs constitute 65.3% of the General Fund Budget. There is only one (1) new addition to Personnel in the proposed budget and all other Departmental existing positions are proposed to be funded. Program Enhancement and Capital Expenditures included in the proposed appropriations and planned for the 2008 -- 2009 Fiscal year by Division are as follows: CONTINUATION AND PROGRAM DIVISION ENHANCEMENT DESCRIPTION Administration $12,000 Dedicated Community Communications Program Planning $55,000 GIS increase, Annexation, Aerial Maps, Subscription to TRAKiT Program Hosting Engineering $40,000 Update to Town's Roadway Impact Fee Ordinance Police Fire Streets Parks and Recreation Administration $186,000 Communications Manager, Hand held radios, Outfit police officers for safety, Leased vehicles and additional cruisers, Weapons and vehicle equipment to outfit 3 vehicles- 2 new and a seized Tahoe $14,000 Leased vehicle $11,200 Trailer $17,000 Support equipment for maintenance The Administration proposed budget includes funding a dedicated communication program for the community. This represents funding one of the Town Council's goals and fulfills the commitment to improve communication between the Town and those it serves. What once was a section of the budget, Communications, has been folded into the Administration's budget. There are no other additions to the Administration budget. Police While additional Police Officers have been requested, the budget as presented does not include any additional Police personnel with the exception of a Communications Manager. With the Town's successful designation by the State to implement a 911 Dispatch Operation, there is a need to hire a Communications Manager in the coming Fiscal Year. This position will be responsible for the coordination of the dispatch project from inception and is expected to later serve as the Dispatch Supervisor. The budget as presented includes funding for the purchase or required tactical equipment including vests, personal and vehicle radios, and the continued acquisition of police vehicles. Additional costs reflected in the Police Department budget include contractual costs with Collin County for Animal Control. Municipal Court The 2008-2009 Municipal Court proposed budget reflects increased costs resulting from the potential relocation of the Police Department to the current Town Hall, and the entire costs associated with their current location now being the responsibility of the Municipal Court. These increased costs even though they are actually just being redistributed from the Police Department's budget, include additional rent, electricity and IT costs. EMS/Fire The 2008-2009 proposed budget reflects the addition of the six (6) personnel the Town was able to bring on as a result of receiving the SAFER Grant. The SAFER grant reimbursement will cover 62.3% of these six firefighters and an additional three (3) that were already budgeted for 2007-2008 and were able to be incorporated into the Grant. With these additional Firefighters/Paramedics, the Town for the first time is able to provide full time paid staff service to the residents on a 24/7 basis for both Fire and Ambulance services. Up until this time, paid part time staff and volunteers supplemented paid staff in accomplishing this goal. Personnel cost in this department reflect the single largest increase in the overall budget for the Town in the coming fiscal year. Public Works — Streets and Parks and Recreation There are no significant changes or additions to the Street Budget proposed in 2008-2009 over the current fiscal year. In Parks and Recreation there are a several program changes proposed. The first change in Contracted Services represents increases resulting from additional park land coming online this coming fiscal year, including Folsom and Whitley Place parks. In the case of Whitley Place, the Town has entered into an agreement stating that the costs for the maintenance of this park will be pass through costs, reimbursed by the Developer; therefore the costs while revenue neutral should be recognized. The second cost increase in this division reflects the continued purchase of equipment to support the maintenance of the fields. Development Services - Inspections. Planning and Engineering There are no significant changes proposed for any of the divisions of Development Services. The Inspections Division will continue to utilize a private contractor to perform all health/food establishment/hotel inspections. Planning will continue to contract with Frisco's GIS department for mapping services and planned expenses are identified for the continuation of the Town's annexation of areas within its existing ETJ. This budget also includes the hosting service fee for the TRAKiT software program, which will support all of Development Services better than the existing tool. Contained within the Engineering Division's proposed budget is the update to the Town's Roadway Impact Fee Ordinance necessitated by the continued growth of the Town, increased construction cost and certain development agreements that have been entered into by the Town. ENTERPRISE AND SPECIAL REVENUE FUNDS GENERAL OBLIGATION I&S FUND This fund represents the debt portion of the tax rate. Debt payments from I&S for 2008-2009 will total $2,055,959, an increase of $189,011 from the current year's budget. WATER, SEWER AND SOLID WASTE UTILITY FUND Revenues for the Water, Sewer and Solid Waste Fund are expected to increase to $3,895,993 without any revenue enhancements. Based on a the to be adopted business plan for the Water and Sewer Utility Fund, there will need to be revenue enhancements adopted to cover existing and future operations and maintenance costs as well as debt service and contracted sewer costs with Upper Trinity beginning in the 2009-2010 fiscal year. Additionally due to TCEQ rules, the Town will need to adopt the equivalent of a per connection/door charge for any existing and future multi -family, nursing home and mobile home parks. Regarding Solid Waste, IESI has begun to bill the Town an additional $0.53 per residential customer per month for fuel costs. The fuel surcharge increase for commercial customers is $1.71 per month. This additional cost of approximately $1,700 per month and should be passed on to the customer as contemplated in the contract with IESI. Water/Sewer Fund Revenues by Source Revenue Category FY2009 Proposed % of Total Water Charges $ 2,417,300 62.05% Sewer Charges $ 674,200 17.30% Solid Waste Charges $ 424,900 10.91% W/S Tap & Construction $ 200,000 5.13% Investment Income $ 93,000 2.39% Penalties $ 69,300 1.78% Service Initiation $ 14,000 0.36% Licenses, fees, and permits $ 1,650 0.04% Miscellaneous $ 1,643 0.04% Revenue Total $ 3,895,993 100.00% Expenses for the fund total $3,965,346 resulting in a net "loss" of $69,353 for the fiscal year, which will decrease the net asset balance of these funds. The projected Operating Revenues are well short of the targets established within the proposed business plan for these utilities. The additional revenues over expenses projected in the business plan are to be designated for reserves, capital investment reserves and debt service reserves. There is a $45,000 increase in Professional Services for the implementation of a Rate Study for the Water and Sewer Fund. This is critical in light of the targets, and in anticipation of the payments to the Upper Trinity system for sewer service beginning October 1, 2009. The Contractual/Professional Services category of the enterprise fund accounts for 34.5% of the budgeted expenditures; this category is comprised of sewer management fees and other directly related professional service fees, but also includes the Town's solid waste expense. The proposed budget calls for the addition of a mower and a 1-Ton Utility Pickup. Utility Billing received funds to complete the setup for online utility payments on STW, the Town's financial system. There have been numerous citizen requests for this feature and the major hardware is already in place. There are currently no Revenues or Expenditures identified for this fund. Staff is completing an initial rate analysis that would at least cover the cost of engineering studies needed for establishing the parameters for a base rate for all customers, residential and non-residential. GENERAL DISCUSSION ITEMS The following items also have been incorporated into the Proposed 08-09 Budget: • In an effort to defer the rising costs of health care and simultaneously provide a more cost - feasible medical plan to our employees, the Town has elected to insure through a high deductible plan accompanied by a Medical Expense Reimbursement Plan (MERP). This will require some funding to the Internal Service Fund, but should produce a net savings based on actuarial experience. Expected MERP claims are $45 per member per month, but the proposed budget funded this at twice the amount to ensure ample coverage. The cost to have renewed the previous coverage would have been $213,528. Including the new design, MERP administration fees and MERP liability, the Town is projected to save almost $38,000 in medical premiums. If the claims experience is twice the actuarial estimate, the Town still saves $5,900 dollars as compared to the traditional plan. • Proposed Personnel Policy Manual revision impacts: Two (2) days total paid time off were added. The merits of the current longevity pay practice (whereby employees receive $25/month of service and are capped at $1,000) are being reviewed and possibly revised to a $5/month with a benefit service limit of 25 years. This is more in line with standard practice in the market and would do more to incentivize long term service. This would not be implemented at any financial loss to existing employees. To make sure existing employees receive the full benefit as they had before the policy change, the Town could add the difference between the previous calculation and the new calculation directly into the employee's salary. The Proposed Budget includes $60,304 for payments made to employees to "cash out" vacation balances in excess of 40 hours. This is written in the policy so as to allow a total of 80 hours to be paid out per employee per fiscal year, but is being reduced to 40 hours due to budget constraints. The purpose of introducing this option is to reduce the Town's accrued liability from carrying existing employees "banked" vacation hours, placing a new limit on carry over, and limiting the Town's future liability in this area as new employees are hired. • Changes were made to TMRS to allow for a 20 year, any age retirement instead of the current 25 years. This constitutes an increase of 0.29% of employee wages or $10,225. For an additional 0.17% or $6,000, the Proposed Budget also calls for the allowance of a TMRS provision called Transfer Updated Service Credit. These updates combined should help in Town's recruitment efforts, especially for experienced public safety staff. Due to budget priorities and constraints, additional staff requests other than the Police Communications Manager's position have not been included. One last personnel issue that will be examined for implementation in the coming Fiscal Year is the implementation of a Public Safety Step Plan for Police and Fire. As this Step Plan is being finalized, it will be presented in the coming months for formal adoption separate and apart from this proposed budget. The plan will have to be implemented in phases and as such the first phase will not be recommended for implementation until April of 2009 if accepted by the Town Council. If Council supports the implementation of the Step Plan, the impact on the 2008-2009 fiscal year will be approximately $55,000. Other Budget Issues to be addressed in Fiscal Year 2008-2009: The Town Council and staff in the coming Fiscal Year will be working to create budget policies that address targets for Fund Balance/Net Assets as a percent of Annual Revenues over Annual Appropriations/Expenditures, Salaries and Related Expenses as a percent of annual operations and maintenance costs, target capital expenditures and multi -year budgeting. Other items that will be addressed include improving monthly budget reports designed to assist in identifying cash flow/operating requirements and the impact of economic cycles on the Town's budget. In summary, staff is able to present a proposed budget that meets the objectives provided by Council, utilizing the current tax rate, keeping personnel cost minimized compared to overall Appropriations, while maintaining continued capital and equipment investment. The momentum of the Town's growth going into FY 09 has been slowed somewhat by the downturn in the market. With the opening of the DNT frontage road north through Prosper, the addition of a couple of high quality multi -family projects and additional commercial space, the Town will continue to experience solid growth in population and property values. In this time of slower growth, the Town will prepare itself to better manage the rapid demand for services expected in future years. The Proposed Budget facilitates only needed improvements and expansions to this end.