09.23.2014 Town Council Packet
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Prosper is a place where everyone matters.
1. Call to Order/Roll Call.
2. EXECUTIVE SESSION:
Recess into Closed Session in compliance with Section 551.001 et seq. Texas
Government Code, as authorized by the Texas Open Meetings Act, to deliberate
regarding:
2a. Section 551.087 – To discuss and consider economic development incentives.
2b. Section 551.072 – To discuss and consider purchase, exchange, lease or value
of real property for municipal purposes and all matters incident and related
thereto.
REGULAR MEETING – 6:00 P.M.
3. Invocation, Pledge of Allegiance and Pledge to the Texas Flag.
4. Announcements of upcoming events.
5. Proclamations.
Presentation of a Proclamation to members of the Clothe a Child program declaring
October 2014 as Clothe a Child Month. (RB)
Presentation of a Proclamation to members of the Prosper Police Department
declaring October 7, 2014 as National Night Out. (RB)
6. CONSENT AGENDA:
(Items placed on the Consent Agenda are considered routine in nature and non-
controversial. The Consent Agenda can be acted upon in one motion. Items may be
removed from the Consent Agenda by the request of Council Members or staff.)
6a. Consider and act upon minutes from the following Town Council meetings. (RB)
Regular Meeting – September 9, 2014
6b. Receive the August 2014 financial report. (KA)
6c. Consider and act upon the appointment of a Municipal Judge, and authorize the
Mayor to execute an agreement for same. (RB)
AGENDA
Meeting of the Prosper Town Council
Prosper Municipal Chambers
108 W. Broadway, Prosper, Texas
Tuesday, September 23, 2014
5:00 p.m.
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6d. Consider and act upon a resolution designating The Prosper Press as the official
newspaper of the Town of Prosper for Fiscal Year 2014-2015. (RB)
6e. Consider and act upon approving an Interlocal Agreement between Collin County
and the Town of Prosper, related to child abuse, investigation, and law
enforcement services; and authorizing the Town Manager to execute same. (DK)
6f. Consider and act upon an ordinance amending Section XIII “Parks and
Recreation User Fees” of Appendix A “Fee Schedule” of the Town’s Code of
Ordinances by amending subsection (a) Field User Fees. (JS)
6g. Consider and act upon authorizing the Town Manager to execute a Settlement
and Release Agreement between Oncor Electric Delivery Company LLC, and the
Town of Prosper, Texas, related to the reimbursement for overbilling of
unmetered street lights. (HW)
6h. Consider and act upon an ordinance repealing Section 1.04.001 “Time limit for
speaking at certain meetings” of Article 1.04 “Boards, Commissions and
Committees” of Chapter 1 “General Provisions” of the Town’s Code of
Ordinances and replacing it with a new Division 1, entitled “Library Board” to
provide Library Board’s number of members, terms of office, vacancies, selection
of Chair and Vice-Chair, meetings, and power and authority. (HW)
6i. Consider and act upon an ordinance repealing Section 1.09.082 “Number of
members,” Section 1.09.085 “Chair/vice-chair/secretary/quorum,” and Section
1.09.088 “Powers and authority” of Division 3 “Parks and Recreation Board” of
Article 1.09 “Parks and Recreation” of Chapter 1 “General Provisions” of the
Town’s Code of Ordinances and replacing said sections with a new Section
1.09.082 “Number of members,” Section 1.09.085 “Chair/vice-chair/quorum,” and
Section 1.09.088 “Powers and authority,” regarding residency requirements for
the members of the Parks and Recreation Board, selection of Chair and Vice-
Chair, and powers and authority. (WM)
6j. Consider and act upon an ordinance amending Section 3.02.010 “Officers” of
Article 3.02 “Construction Board of Appeals” of Chapter 3 “Building Regulations”
of the Town’s Code of Ordinances, regarding the composition and appointment
of Board members. (AG)
6k. 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. (AG)
7. CITIZEN 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 Meeting Appearance Card” and present it to the Town Secretary prior to the
meeting.)
Other Comments by the Public -
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REGULAR AGENDA:
(If you wish to address the Council during the regular agenda portion of the meeting,
please fill out a “Public Meeting Appearance Card” 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 item will be recognized on a case-by-case basis, at the discretion of the
Mayor and Town Council.)
PUBLIC HEARINGS:
8. Conduct a Public Hearing, and consider and act upon a request to rezone 60.9± acres,
located 2,000± feet south of First Street, 3,000± feet west of Dallas Parkway, from
Planned Development-47 (PD-47) to Planned Development-Single Family-10 (PD-SF-
10). (Z14-0013). (AG)
9. Conduct a Public Hearing, and consider and act upon a request for a Specific Use
Permit (SUP) for a New Automobile Sales/Leasing facility, on 16.1± acres, located on
the north side of US 380, 4,000± feet west of Dallas Parkway. The property is zoned
Planned Development-43 (PD-43). (S14-0003). (JW)
DEPARTMENT ITEMS:
10. Consider and act upon an ordinance adopting the Fiscal Year 2014-2015 Annual Budget
for the fiscal year beginning October 1, 2014, and ending September 30, 2015, and
approving certain amendments to the Fiscal Year 2013-2014 Annual Budget. (KA)
11. Consider and act upon an ordinance adopting the Town of Prosper 2014 Property Tax
Rate. (KA)
12. Consider and act upon an ordinance repealing Article 12.09 "Speed Limits" of Chapter
12 "Traffic and Vehicles" of the Town's Code of Ordinances and replacing it with a new
Article 12.09 "Speed Limits" to provide for the prima facie speed limits on streets within
the Town. (MR)
13. Consider and act upon authorizing the Town Manager to execute a Professional
Services Agreement between Dunaway Associates, LP, and the Town of Prosper,
Texas, related to the Frontier Park North Conceptual Master Plan and Sexton Park
Conceptual Master Plan project. (HW)
14. Consider and act upon authorizing the Mayor to execute the First Amended and
Restated Development and Financing Agreement with Blue Star Land, L.P., Blue Star
Allen, L.P., 183 Land Corp., and Prosper Economic Development Corporation, for the
reimbursement of the cost of construction of public infrastructure to be constructed within
Tax Increment Reinvestment Zone Number One, Town of Prosper. (HJ)
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15. EXECUTIVE SESSION:
Recess into Closed Session in compliance with Section 551.001 et seq. Texas
Government Code, as authorized by the Texas Open Meetings Act, to deliberate
regarding:
15a. Section 551.087 – To discuss and consider economic development incentives.
15b. Section 551.072 – To discuss and consider purchase, exchange, lease or value
of real property for municipal purposes and all matters incident and related
thereto.
16. Reconvene in Regular Session and take any action necessary as a result of the Closed
Session.
17. Possibly direct Town staff to schedule topic(s) for discussion at a future meeting.
Comprehensive Plan Implementation Priorities. (JW)
18. Adjourn.
CERTIFICATION
I, the undersigned authority, do hereby certify that this Notice of Meeting was posted at Prosper Town
Hall, located at 121 W. Broadway Street, Prosper, Texas 75078, a place convenient and readily
accessible to the general public at all times, and said Notice was posted on September 19, 2014, at 5:00
p.m. and remained so posted at least 72 hours before said meeting was convened.
_________________________ _________________________
Robyn Battle, Town Secretary Date Noticed Removed
Pursuant to Section 551.071 of the Texas Government Code, the Town Council reserves the right to
consult in closed session with its attorney and to receive legal advice regarding any item listed on this
agenda.
NOTICE
Pursuant to Town of Prosper Ordinance No. 13-63, all speakers other than Town of Prosper staff are
limited to three (3) minutes per person, per item, which may be extended for an additional two (2) minutes
with approval of a majority vote of the Town Council.
NOTICE OF ASSISTANCE AT PUBLIC MEETINGS: The Prosper Town Council meetings are
wheelchair accessible. For special services or assistance, please contact the Town Secretary’s Office at
(972) 569-1011 at least 48 hours prior to the meeting time.
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Prosper is a place where everyone matters.
1. Call to Order/Roll Call.
The meeting was called to order at 6:02 p.m.
Council Members Present:
Mayor Ray Smith
Mayor Pro-Tem Meigs Miller
Deputy Mayor Pro-Tem Kenneth Dugger
Councilmember Michael Korbuly
Councilmember Mike Davis (arrived at 6:39 p.m.)
Councilmember Curry Vogelsang, Jr.
Councilmember Jason Dixon
Staff Members Present:
Harlan Jefferson, Town Manager
Robyn Battle, Town Secretary
Robert Brown, Town Attorney
Hulon T. Webb, Jr., Executive Director of Development and Community Services
John Webb, Director of Development Services
Alex Glushko, Senior Planner
Matt Richardson, Senior Engineer
Bill Elliott, Building Official
Will Mitchell, Parks & Recreation Manager
Kent Austin, Finance Director
Trish Featherston, Accounting Manager
January Cook, Purchasing Manager
Baby Raley, Human Resources Director
Doug Kowalski, Police Chief
Gary McHone, Assistant Police Chief
Ronnie Tucker, Fire Chief
Robert Winningham, Economic Development Corporation Executive Director
2. Invocation, Pledge of Allegiance and Pledge to the Texas Flag.
Doug Kriz of Grace Christian Church led the invocation. The Pledge of Allegiance
and the Pledge to the Texas Flag were recited.
3. Announcements of upcoming events.
Councilmember Vogelsang made the following announcements:
MINUTES
Regular Meeting of the
Prosper Town Council
Prosper Municipal Chambers
108 W. Broadway, Prosper, Texas
Tuesday, September 9, 2014
Item 6a
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The Prosper Fire Department will host its third annual September 11 Remembrance
Ceremony the morning of September 11 at 8:40 a.m. at the Fire Station. The public
is invited to attend.
The annual Community Picnic will take place on Saturday, September 13, at Frontier
Park from 5:00 p.m. - 8:00 p.m. The event includes free hot dogs and soft drinks until
6:00 p.m., bounce houses, games, music, and lots of fun activities for kids and
families. Bethlehem Place will be accepting donations of non-perishable food,
diapers, shampoo, and other personal grooming items. “The Lego Movie” will begin at
dusk.
On Monday, September 1, residential and commercial water customers in Prosper
returned to once-a-week watering of lawns and landscapes with automatic sprinkler
systems. The change to weekly watering from twice-a-month watering will help
ensure that water quality is maintained throughout the water distribution systems. The
new restrictions will be in place through the end of October.
Town Manager Harlan Jefferson introduced John Webb, the Town’s new Director of
Development Services.
Councilmember Korbuly congratulated Prosper High School head football coach, Kent
Scott, for coaching his 100th football game for Prosper ISD.
4. Proclamations.
Presentation of a Proclamation to members of the Leukemia & Lymphoma
Society declaring September 2014 as Leukemia, Lymphoma & Myeloma
Awareness Month. (RB)
Kim Brown, representing the Leukemia and Lymphoma Society, was present to
receive the Proclamation. She was accompanied by Audrey, a child from Prosper
who is currently receiving treatment, and Audrey’s grandfather.
5. CONSENT AGENDA:
(Items placed on the Consent Agenda are considered routine in nature and non-
controversial. The Consent Agenda can be acted upon in one motion. Items
may be removed from the Consent Agenda by the request of Council Members
or staff.)
5a. Consider and act upon minutes from the following Town Council
meetings. (RB)
Joint Meeting with the City of Celina – August 19, 2014
Regular Meeting – August 26, 2014
5b. Receive the July 2014 financial report. (KA)
5c. Consider and act upon adopting the FY 2014-2015 Prosper Economic
Development Corporation budget. (JW)
5d. Consider and act upon authorizing the Town Manager to execute a
Development Agreement between D.R. Horton – Texas, LTD, and the
Item 6a
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Town of Prosper, Texas, related to the channel improvements adjacent
to the Hawk Ridge development. (HW)
5e. Consider and act upon awarding Bid No. 2014-59-B to Four Star
Excavating, Inc., related to construction services for the Seventh Street
Drainage Improvements project; and authorizing the Town Manager to
execute a construction agreement for same. (MR)
5f. Consider and act upon Ordinance No. 14-59 involuntarily annexing a
2.3± acre tract of land, located on the east side of Dallas Parkway, 500±
feet south of First Street. (A14-0001). (AG)
5g. Consider and act upon Ordinance No. 14-60 involuntarily annexing an
18.0± acre tract of land, located 800± feet south of Prosper Trail, 4,500±
feet east of Coit Road. (A14-0002). (AG)
5h. Consider and act upon Ordinance No. 14-61 rezoning 0.2± acre, located
on the north side of Broadway Street, 550± feet east of Coleman Street,
from Single Family-15 (SF-15) to Downtown Office (DTO). (Z14-0012).
(AG)
Deputy Mayor Pro-Tem Dugger made a motion and Mayor Pro-Tem Miller seconded
the motion to approve all items on the Consent Agenda. The motion was approved
by a vote of 6-0.
6. CITIZEN 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 Meeting Appearance Card” and present it to
the Town Secretary prior to the meeting.)
Other Comments by the Public:
Irwin “Cap” Parry, 850 Kingsview Drive, Prosper, encouraged the Town Council to
create a committee for the development of downtown Prosper to include municipal
buildings and a Veterans Memorial.
There were no other Citizen Comments.
REGULAR AGENDA:
(If you wish to address the Council during the regular agenda portion of the
meeting, please fill out a “Public Meeting Appearance Card” 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 item will be recognized
on a case-by-case basis, at the discretion of the Mayor and Town Council.)
Item 6a
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PUBLIC HEARINGS:
7. Conduct a Public Hearing to consider and discuss the FY 2014-2015 Budget, as
proposed. (KA)
Finance Director Kent Austin presented this item before the Town Council. The
proposed FY 2014-2015 budget includes no rate increases, and focuses primarily on
public safety, street improvements, and parks improvements. Mr. Austin reviewed
growth projections for the Town. Hulon Webb, Executive Director of Development
and Community Services continued the presentation by providing a summary of the
proposed Capital Improvement Program (CIP). After discussion on the location of
dynamic speed limit signs, Town staff was directed to come up with a Town-wide
strategy for the placement of these signs, and the Town Council will consider a
budget amendment to fund the items at a later date. Town Manager Harlan Jefferson
provided additional information on the timing of concrete and asphalt road
improvements on the west side of Town, and the funding options for those projects.
Councilmember Mike Davis arrived at the meeting and took his place at the Council
bench during the presentation.
Mayor Smith opened the Public Hearing.
With no one speaking, Mayor Smith closed the Public Hearing.
8. Conduct a Public Hearing to consider and discuss a proposal to increase total
tax revenues from properties on the tax roll in the preceding tax year by 11.07
percent. (KA)
Finance Director Kent Austin presented this item before the Town Council. This is the
second of two required Public Hearings for the proposed tax rate of $0.52 per $100
valuation. The Town Council is scheduled to adopt the tax rate at the September 23,
2014, Town Council meeting.
Mayor Smith opened the Public Hearing.
J.D. Sanders, 1511 Stillhouse Hollow, Prosper, urged the Town Council to be fiscally
responsible now in response to the increase in tax revenues, and the effect it would
have on families.
With no one else speaking, Mayor Smith closed the Public Hearing.
Mayor Smith asked Town Manager Harlan Jefferson to explain the budget process
and respond to the speaker’s concerns. Mr. Jefferson explained that the budget
process begins in January with the Council’s direction outlined in the annual Strategic
Plan. From there, Town staff identifies funding mechanisms to provide the services
that Council has prioritized, which is dependent on projected tax revenue. Town staff
then develops a budget based on the needs of the Town and Council’s priorities.
One specific goal was to open a new Fire Station on the west side of Town without
raising the tax rate. While the tax rate itself is not increasing, the increase in tax
revenue is from new construction added to the tax rolls, and an increase in the values
of existing homes. The proposed budget addresses the growth in population, and the
increased demand for services. Mr. Jefferson explained that the Town utilizes
Item 6a
Page 5 of 8
partnerships whenever possible to share the cost of infrastructure construction with
developers through impact fees. The Town also utilizes Regional Toll Revenue,
County funds, land donations, and grants, and continues to pursue a partnership with
Prosper ISD to accommodate the growing need for additional school sites.
9. Conduct a Public Hearing, and consider and act upon a request to rezone 60.9±
acres, located 2,000± feet south of First Street, 3,000± feet west of Dallas
Parkway, from Planned Development-47 (PD-47) to Planned Development-
Single Family-10 (PD-SF-10). (Z14-0013). (AG)
Senior Planner Alex Glushko presented this item before the Town Council. The
request is to rezone the property to allow for the construction of single family homes.
Mr. Glushko reviewed the proposed PD standards compared to straight SF-10
zoning. Several development regulations in the proposed PD exceed the minimum
standards in the Town’s Zoning Ordinance. The proposed PD would allow for a
minimum lot size of 8,400 square feet.
Mayor Smith opened the Public Hearing.
Jack Dixon, 810 Long Valley Court, Prosper, spoke in opposition to the minimum lot
size for the project, since the minimum lot size in the Zoning Ordinance is 10,000
square feet.
Dave Wilcox spoke on behalf of the applicant and presented a PowerPoint
presentation with additional information on the project. The applicant’s position is that
the property is not viable for commercial development, and the proposed residential
development would help reduce the oversupply of retail zoning in the Town.
With no one else speaking, Mayor Smith closed the Public Hearing.
Several Council members expressed concern with the minimum lot size. The
applicant was asked to revise the proposal to include a minimum lot size of 10,000
square feet.
Councilmember Korbuly made a motion and Deputy Mayor Pro-Tem Dugger
seconded the motion to table this item until the September 23, 2014, Town Council
meeting. The motion was approved by a vote of 7-0.
DEPARTMENT ITEMS:
10. Consider and act upon an ordinance amending Section XIII “Parks and
Recreation User Fees" of Appendix A "Fee Schedule" of the Town's Code of
Ordinances by amending subsection (a) the field user fees. (JS)
Julie Shivers, Recreation Services Coordinator, presented this item before the Town
Council. At the August 12, 2014, Town Council meeting, Town staff was provided
with a recommendation from the Town Council on a revised field user fee structure.
On September 2, 2014, Town staff met with representatives from the Town’s various
sports leagues, and were provided with additional feedback. Chuck Washburn
addressed the Council on behalf of Prosper Little League. Ms. Shivers reviewed the
fee structure proposed by the sports organizations, as well as data that she had
compiled related to cost estimates for field maintenance and lighting. The Town
Item 6a
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Council discussed the sharing of facilities between surrounding Towns, and the
determination of league boundaries as they relate to the proposed fee changes.
After discussion, Town staff was directed to revise the ordinance to reflect the
recommendation of the sports leagues. Councilmember Korbuly made a motion and
Deputy Mayor Pro-Tem Dugger seconded the motion to table this item until the
September 23, 2014, Town Council meeting. The motion was approved by a vote of
6-1.
11. EXECUTIVE SESSION:
Recess into Closed Session in compliance with Section 551.001 et seq. Texas
Government Code, as authorized by the Texas Open Meetings Act, to deliberate
regarding:
11a. Section 551.087 – To discuss and consider economic development
incentives.
11b. Section 551.072 – To discuss and consider purchase, exchange, lease or
value of real property for municipal purposes and all matters incident
and related thereto.
11c. Section 551.074 – To discuss appointments to the Planning & Zoning
Commission, Parks & Recreation Board, Prosper Economic
Development Corporation Board, Board of Adjustment/Construction
Board of Appeals, and Library Board.
The Town Council recessed into Executive Session at 8:11 p.m.
12. Reconvene in Regular Session and take any action necessary as a result of the
Closed Session.
The Regular Session was reconvened at 9:10 p.m. The following action was taken
as a result of the Closed Session:
Mayor Pro-Tem Miller made a motion and Deputy Mayor Pro-Tem Dugger seconded
the motion to appoint the following individuals to the Town’s Boards and
Commissions, with terms to begin on October 1, 2014:
Board of Adjustment/Construction Board of Appeals
Place No. 2 Bob Wierschem
Place No. 4 (Alternate) George Dupont
Place No. 6 Ane Casady
Place No. 7 (one-year term) Leray Meeks
Item 6a
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Prosper Economic Development Corporation
Place No. 2 Ray Smith
Place No. 4 David Bristol
Library Board
Place No. 2 Sherilyn Bird
Place No. 3 (one-year term) Chris Sanchez
Place No. 4 Janet Hudson
Place No. 5 (one-year term) Jennifer Stice
Place No. 6 Amber Bowden
Place No. 7 (one-year term) Jamie Pouster
Parks and Recreation Board
Place No. 2 Jeffrey Hodges
Place No. 4 Jennifer Severance
Place No. 6 Keith Yellin
Planning and Zoning Commission
Place No. 2 John Hema
Place No. 4 Klaus Hillman
Place No. 6 David Snyder
The motion was approved by a vote of 7-0.
13. Possibly direct Town staff to schedule topic(s) for discussion at a future
meeting.
Speed Limit Ordinance (MR)
Item 6a
Page 8 of 8
Matt Richardson updated the Town Council on the proposed changes to the
speed limit ordinance that will be presented for Council consideration at the
September 23, 2014, Town Council meeting. A strategy for the placement of
dynamic speed limit signs will be presented to Council in approximately two
months.
Appointment process for Municipal Judge (RB)
Town Secretary Robyn Battle updated the Town Council on the appointment
process for the Municipal Judge, whose term will expire in October. Town staff
was directed to place an item on the September 23, 2014, Town Council agenda,
and to include an agreement outlining the compensation and duties of the
Municipal Judge.
Town staff was directed to expedite the amendments to the Zoning Ordinance
increasing the residential development standards.
Town Manager Harlan Jefferson addressed the Council on the current process for
handling code violations. Town staff was directed to give one notice of violation,
then pursue the issuance of citations.
The Town Council was asked to provide feedback on the recently completed
screening wall along First Street.
14. Adjourn.
The meeting was adjourned at 9:29 p.m.
These minutes approved on the 23rd day of September, 2014.
APPROVED:
Ray Smith, Mayor
ATTEST:
Robyn Battle, Town Secretary
Item 6a
Prosper is a place where everyone matters.
MONTHLY FINANCIAL REPORT
AUGUST 2014
Prepared by
Finance Department
September 19, 2014
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
Contents
Dashboard Charts 1
General Fund 3
Water/Sewer Fund 4
Interest & Sinking Fund 5
Internal Service Fund 6
Storm Drainage Fund 7
Parks Dedication & Improvement Fund 8
Impact Fees Fund 9
Special Revenue Fund 10
Employee Health Trust Fund 11
Capital Projects Fund‐General 12
Capital Projects Fund‐Water/Sewer 13
Detail‐All Funds 14
Legend
"Compare to" refers to percentage of fiscal year completed‐e.g., 91.67% = 11/12, or August.
Parentheses around a number indicate credit amount or gain‐e.g., Sales Taxes (2,492,678)
Red, yellow, and green traffic lights indicate status of number compared to percentage of
fiscal year completed‐e.g., Sales Taxes 91.23
Item 6b
B ildi PitR
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Town of Prosper, Texas
Sales Tax Revenue by Month
FY 11/12 FY 12/13 FY 13/14
$1,554,300
$1,424,775
$1,702,500
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000
Total Budget
YTD Budget
YTD Actual
Building Permit Revenues
1
Item 6b
$12,455,755
$11,417,775
$9,489,543
$11,761,317
$10,781,207
$12,036,796
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000
Total Budget
YTD Budget
YTD Actual
General Fund Revenues and Expenditures
Revenues Expenditures
Water ‐Sewer Fund Revenues and Expenditures
$12,277,338
$11,254,227
$10,735,034
$8,975,450
$8,227,496
$7,975,432
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000
Total Budget
YTD Budget
YTD Actual
Revenues Expenditures
2
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
GENERAL FUND
Property Taxes ‐Current (5,176,475) (5,129,436) (3,325) 99.09
Sales Taxes (2,732,400) (2,492,678) (278,529) 91.23
Franchise Fees (473,000) (531,378) (45,459) 112.34
Building Permits (1,554,300) (1,702,500) (181,536) 109.53
Fines (215,000) (253,182) (25,452) 117.76
Other (1,610,142) (1,927,622) (144,834) 119.72
Total Revenues (11,761,317) (12,036,796) (679,135) 102.34
10 Administration 1,844,468 1,710,907 150,263 92.76
20 Police 1,834,258 1,516,517 128,405 82.68
25 Dispatch Department 644,690 515,798 33,896 80.01
30 Fire/EMS 2,566,238 2,191,423 240,295 85.39
35 Fire Marshall 123,595 104,433 7,914 84.50
40 Streets 1,367,305 427,460 24,187 31.26
45 Public Library 115,336 84,120 8,977 72.93
60 Parks and Recreation 1,778,550 1,226,723 129,206 68.97
70 Municipal Court 237,728 216,906 20,818 91.24
80 Inspections 796,782 592,970 56,241 74.42
85 Code Enforcement 164,151 134,263 5,939 81.79
90 Planning 495,505 360,919 42,436 72.84
98 Engineering 487,149 407,105 36,240 83.57
Total Expenses 12,455,755 9,489,543 884,818 76.19
(Gain)/Loss 694,438 (2,547,253) 205,683
3
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
WATER‐SEWER FUND
[1] Water revenues (5,671,600) (4,589,221) (494,777) 80.92
Sewer revenues (2,397,850) (2,439,202) (227,057) 101.72
Sanitation revenues (906,000) (947,009) (89,751) 104.53
Total Revenues (8,975,450) (7,975,432) (811,585) 88.86
50 Water 6,436,590 5,296,449 1,235,086 82.29
[2] 55 Sewer 4,868,706 4,526,642 119,902 92.97
57 Utility Billing 972,042 911,944 88,907 93.82
Total Expenses 12,277,338 10,735,034 1,443,896 87.44
(Gain)/Loss 3,301,888 2,759,602 632,311
[1]
[2] In February, $3 million was added to the Sewer Department budget, utilizing reserves to cash finance
part of the Town's share of Upper Trinity's Doe Branch Wastewater Treatment Facility. This is why
the Fund's expenditure budget is so much higher than its revenue budget. In April, the entry was
made to transfer the $3,000,000 to Capital Projects for the cash financing.
Water revenue is cyclical and typically lags budget until the summer months, as shown in the chart below.
Even so, water revenue this year lags that of 2013 YTD, $4,589,221 versus $4,858,948.
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Average Percent of Water Sales by Month
4
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
INTEREST & SINKING FUND
Property Taxes ‐Delinquent (30,000) (73,828) (14) 246
Property Taxes ‐Current (2,763,240) (3,047,695) (1,975) 110
Taxes ‐Penalties (18,000) (25,030) (122) 139
[1] Proceeds from Bond Issuance ‐ (6,175,000) ‐ ‐
[1] Proceeds from Bond Premium ‐ (764,610) ‐ ‐
Interest Income (12,000) (16,757) (1,199) 140
Total Revenues (2,823,240) (10,102,920) (3,310) 358
[1] Payment to Bond Escrow Agent ‐ 7,520,684 ‐ ‐
2013 GO Ref Bond 282,672 282,672 204,950 100.00
2010 Tax Note Payment 365,166 365,166 8,919 100.00
2011 Ref Bond Pmt 177,791 177,791 5,192 100.00
2012 GO Bond Payment 112,413 112,413 56,206 100.00
2004 CO Bond Payment 329,992 60,496 18.33
2006 Bond Payment 455,033 455,033 359,516 100.00
2008 CO Bond Payment 1,078,313 1,078,313 304,493 100.00
Bond Administrative Fees 20,000 76,150 (12,779) 380.75
Total Expenses 2,821,380 10,128,718 926,497 359.00
(Gain)/Loss (1,860) 25,798 923,187
[1]Proceeds from Bond Issuance $6,175,000 and Proceeds from Bond Premium $764,610 are related to the 2014
GO Refunding & Improvement Bonds, as is the $7,520,684 Payment to Bond Escrow Agent. An additional
$1,000,000 in Bond Proceeds from the 2014 Bonds is recorded as revenue in the Capital Projects‐General
Governmental Fund. Finally, the $7,520,684 Payment to Bond Escrow Agent includes $709,200 for the August
15 debt service payment on the refunded 2004 bonds.
5
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
INTERNAL SERVICE FUND‐‐MEDICAL EXPENSE REIMBURSEMENT PROGRAM
Charges for Services (30,000) (24,480) 81.60
Interest Income (500) (525) (52) 105.06
[1] Transfer In (19,160) (1,980) (180) 10.33
Total Revenue (49,660) (26,985) (232) 54.34
MERP H & D Expense ‐ GF 49,000 23,589 ‐ 48.14
Total Expenses 49,000 23,589 ‐ 48.14
(Gain)/Loss (660) (3,396) (232)
[1] For budget reasons, General Fund transfers to the Internal Service Fund (ISF) were reversed
and returned to the General Fund. The ISF was able to absorb this change by using its existing
fund balance, which as of 7/31/2014 totaled $95,124.
6
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
STORM DRAINAGE UTILITY FUND
Storm Drainage Utility Fee (228,800) (226,073) (21,360) 98.81
Interest Storm Utility (1,600) (1,889) (87) 118.05
Total Revenue (230,400) (227,961) (21,447) 98.94
Personnel Expenses 42,649 37,443 3,162 87.79
[1] Program Expenses 351,351 184,364 99,666 52.47
Total Expenses 394,000 221,807 102,828 56.30
(Gain)/Loss 163,600 (6,155) 81,381
[1] Program Expenses budget includes $106,918 debt service payment for share of 2012
Certificates of Obligation.
7
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
PARK DEDICATION AND IMPROVEMENT FUND
Park Dedication‐Fees (100,000) (251,609) (84,931) 251.61
Park Improvement (200,000) (690,796) (84,000) 345.40
Contributions (17,500) ‐
Interest‐Park Dedication (1,200) (1,902) (250) 158.48
Interest‐Park Improvements (350) (866) (222) 247.52
Total Revenue (301,550) (962,673) (169,403) 319.24
[1] Miscellaneous Expense 42,509 ‐
Professional Services‐Pk Ded 58,922 ‐
Professional Services‐Pk Imp 24,375 22,044 90.44
Capital Exp‐Pk Improvements 30,000 8,500 28.33
Capital Exp‐Pk Dedication 645,625 700 ‐
Total Expenses 700,000 132,675 ‐ 18.95
(Gain)/Loss 398,450 (829,998) (169,403)
[1] Miscellaneous Expense includes $42,419 for reimbursement of a portion of improvement fees received
in the prior year from Prosper Lakes North LLC.
8
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
IMPACT FEES FUND
Impact Fees ‐Water (800,000) (1,466,584) (177,122) 183.32
Impact Fees ‐Sewer (700,000) (383,675) (39,997) 54.81
Thoroughfare Impact Fees (1,100,000) (1,236,806) (119,185) 112.44
West Thorfare Imp. Fees Rev (328,659) (78,267) ‐
Interest‐Water Impact Fee (4,000) (4,225) (391) 105.62
Interest‐Sewer Impact Fee (4,000) (1,965) (189) 49.13
Interest‐Thorfare Imp Fee (12,000) (4,013) (375) 33.44
Interest‐West Thorfare imp fee (1,463) (144) ‐
Total Revenue (2,620,000) (3,427,389) (415,670) 130.82
Professional Serv‐Water Imp Fee 1,220,000 99,024 8.12
Professional Serv‐Sewer Imp Fee 255,000 11,259 4,727 4.42
Professional Serv‐Thorfare Imp Fee 60,000 2,027 3.38
Capital Expenditure‐Water 477,643 ‐
Capital Expenditure‐Thoroughfare 278,794 ‐
Transfer to Capital Proj Fund 300,000 ‐
Total Expenses 1,835,000 868,748 4,727 47.34
(Gain)/Loss (785,000) (2,558,641) (410,942)
9
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
SPECIAL REVENUE FUND
Police Donation Inc (16,000) (14,570) (753) 91.06
Fire Dept‐Donation Inc (12,000) (9,965) (967) 83.04
Safety Fair Donations (2,000) 0.00
Child Safety Inc (9,000) (11,762) (3,005) 130.69
Court Security Revenue (2,900) (4,944) (460) 170.49
Technology Fd Revenue (4,000) (6,582) (614) 164.56
Special Revenue ‐ Other (1,551) 0.00
Interest Income (3,750) (290) 0.00
Country Xmas Donations (10,000) (18,251) (300) 182.51
Tree Mitigation Revenue (14,175) 0.00
Escrow Income (142,623) 0.00
Cash Seizure Forfeit‐PD (500) (3,250) 650.00
Total Revenue (56,400) (231,423) (6,390) 410.33
Special Revenue Expense ‐ Other 40 0.00
Country Xmas Expense 10,000 10,001 100.01
[2] Court Technology Expense 12,200 15,310 125.49
Court Security Expense 2,500 748 68 29.92
Police Donation Exp 8,000 4,000 50.00
Fire Dept Donation Exp 8,000 4,176 52.20
Health & Safety Fair Exp 1,500 0.00
Child Safety Expense 1,000 617 61.70
[1] Escrow Expense 15,500 182,024 1,174.35
Volunteer Per Diem Expense 520 0.00
Special Operations 500 0.00
PD Seizure Expense 200 0.00
Total Expenses 59,200 217,637 68 367.63
(Gain)/Loss 2,800 (13,786) (6,322)
[1]Escrow Expense includes $182,024 payment to KCK Utilities for West Side Sewer Line.
[2] Court Technology Expense includes $11,690 for ticket writers, support, setup and accessories.
10
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
EMPLOYEE HEALTH TRUST FUND
N/A N/A ‐ ‐ N/A
Total Revenue N/A ‐ ‐ N/A
Health Insurance ‐ 21 ‐ N/A
Total Expenses ‐ 21 ‐ N/A
Revenues (over)/under expenses N/A 21 ‐
The Employee Health Trust Fund accounts for the Town's Flexible Spending Account (FSA)
program, which is funded by employee payroll deductions held in liability accounts. There are
no revenues, and the only expenses are administrative.
11
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
CAPITAL PROJECTS‐GENERAL GOVERNMENTAL
[1] Contributions (105,000) ‐
Interest‐2004 Bond (1,000) (1,851) (172) 185.09
Interest‐2006 Bond (1,000) (245) 24.53
Interest 2008 Bond (1,000) (13,940) (1,152) 1,394.02
Interest‐2011 Refd Bond (70) ‐
Interest 2012 GO Bond (5,000) (9,929) (916) 198.58
[2] Bond Proceeds (1,965,000) (1,000,000) 50.89
Total Revenues (1,973,070) (1,130,966) (2,241) 57.32
Personnel Services 117,242 98,945 9,260 84.39
Building Supplies 42 ‐
Professional Services ‐ 139,151 13,518 ‐
Telephone Expense ‐ 853 ‐
Mileage Expense 2,672 ‐
Capital Expenditures 4,662,758 3,225,467 132,765 69.18
Total Expenditures 4,780,000 3,467,130 155,543 72.53
(Gain)/Loss 2,806,930 2,336,164 153,303
[1] Contributions revenue account includes $55,000 from agreement with Prosper EDC and $50,000 from
Preston Development, Ltd for First/Coit widening.
[2]Bond Proceeds include $1,000,000 in proceeds related to the 2014 GO Refunding & Improvement Bonds.
12
Item 6b
TOWN OF PROSPER, TEXAS
MONTHLY FINANCIAL REPORT
AUGUST 2014
COMPARE TO:91.67%
Current Current Current
Year YTD Month Percent YTD
Amended Budget Actual Actual %
CAPITAL PROJECTS‐‐WATER/SEWER
Interest Income (50,000) (33,610) (3,057) 67.22
Transfers In (3,000,000) (3,000,000) 100.00
[1] Bond Proceeds (13,570,000) (12,570,000) 92.63
Total Revenue (16,620,000) (15,603,610) (3,057) 93.88
[2] Professional Services 15,570,000 15,580,522 1,600 100.07
Construction 1,000,000 3,384,715 74,761 338.47
Total Expenses 16,570,000 18,965,237 76,361 114.46
(Gain)/Loss (50,000) 3,361,628 73,304
[1] Bond Proceeds include $12,570,000 in proceeds from 2014 Rev and Tax CO Issuance related to the
Doe Branch regional wastewater plant.
[2]Professional Services include payment of $15,578,922 to UTMWD for Prosper contractual obligation in
connection with acquisition of sewage treatment capacity in the Doe Branch regional wastewater plant.
13
Item 6b
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐4035‐10‐00 3% Construction Fee (75,000.00) (75,000.00) (272,540.03) (24,335.05) 363.39 197,540.03 10‐4060‐10‐00 NSF Fees (50.00) (50.00) ‐ (50.00) 10‐4061‐10‐00 Notary Fees (150.00) (150.00) (258.00) (27.00) 172.00 108.00 10‐4105‐10‐00 Property Taxes ‐Delinquent (45,000.00) (45,000.00) (113,137.88) (21.98) 251.42 68,137.88 10‐4110‐10‐00 Property Taxes ‐Current (5,176,475.00) (5,176,475.00) (5,129,436.32) (3,324.84) 99.09 (47,038.68) 10‐4115‐10‐00 Taxes ‐Penalties (20,000.00) (20,000.00) (41,751.26) (226.28) 208.76 21,751.26 10‐4120‐10‐00 Sales Taxes (2,732,400.00) (2,732,400.00) (2,492,678.40) (278,528.69) 91.23 (239,721.60) 10‐4130‐10‐00 Sales Tax‐Mixed Beverage (4,500.00) (4,500.00) (7,992.11) 177.60 3,492.11 10‐4140‐10‐00 Franchise Taxes ‐ Electric (270,000.00) (270,000.00) (301,873.97) 111.81 31,873.97 10‐4150‐10‐00 Franchise Taxes ‐ Telephone (100,000.00) (100,000.00) (139,086.21) (40,011.21) 139.09 39,086.21 10‐4160‐10‐00 Franchise Taxes ‐ Gas (80,000.00) (80,000.00) (65,465.20) 81.83 (14,534.80) 10‐4170‐10‐00 Franchise Taxes ‐ Road Usage (3,500.00) (3,500.00) (4,261.16) 121.75 761.16 10‐4190‐10‐00 Franchise Fee‐Cable (19,500.00) (19,500.00) (20,691.62) (5,448.26) 106.11 1,191.62 10‐4200‐10‐00 T‐Mobile Fees (20,700.00) (20,700.00) (20,545.99) (1,983.75) 99.26 (154.01) 10‐4201‐10‐00 Tierone Converged Network (30,000.00) (30,000.00) (16,500.00) (1,500.00) 55.00 (13,500.00) 10‐4202‐10‐00 NTTA Tag Sales (150.00) (150.00) (150.00) 100.00 10‐4205‐10‐00 Internet America (18,000.00) (18,000.00) (16,500.00) (1,500.00) 91.67 (1,500.00) 10‐4218‐10‐00 Administrative Fees‐EDC (2,400.00) (2,400.00) (2,200.00) (200.00) 91.67 (200.00) 10‐4230‐10‐00 Other Permits (30.00) ‐ 30.00 10‐4610‐10‐00 Interest Income (60,000.00) (60,000.00) (40,270.97) (4,145.68) 67.12 (19,729.03) 10‐4910‐10‐00 Other Revenue (20,000.00) (20,000.00) (30,274.66) (80.00) 151.37 10,274.66 10‐4995‐10‐00 Transfer In (801,700.00) (801,700.00) (734,891.63) (66,808.33) 91.67 (66,808.37) Subtotal object ‐ 0 (9,479,525.00) (9,479,525.00) (9,450,535.41) (428,141.07) 99.69 (28,989.59) Program number: (9,479,525.00) (9,479,525.00) (9,450,535.41) (428,141.07) 99.69 (28,989.59) Department number: 10 Administration (9,479,525.00) (9,479,525.00) (9,450,535.41) (428,141.07) 99.69 (28,989.59) 10‐4230‐20‐00 Other Permits (550.00) (25.00) ‐ 550.00 10‐4440‐20‐00 Accident Reports (1,500.00) (1,500.00) (623.00) (89.00) 41.53 (877.00) 10‐4450‐20‐00 Alarm Fee (39,000.00) (39,000.00) (31,348.00) (3,576.00) 80.38 (7,652.00) 10‐4910‐20‐00 Other Revenue (1,791.28) (397.00) ‐ 1,791.28 Subtotal object ‐ 0 (40,500.00) (40,500.00) (34,312.28) (4,087.00) 84.72 (6,187.72) Program number: (40,500.00) (40,500.00) (34,312.28) (4,087.00) 84.72 (6,187.72) Department number: 20 Police (40,500.00) (40,500.00) (34,312.28) (4,087.00) 84.72 (6,187.72) 10‐4030‐30‐00 Miscellaneous (1,079.00) ‐ 1,079.00 10‐4310‐30‐00 Charges for Services (177,000.00) (177,000.00) (134,308.94) 75.88 (42,691.06) 10‐4411‐30‐00 CC FIRE ASSOC (804.22) ‐ 804.22 10‐4510‐30‐00 Grants (9,561.37) (650.00) ‐ 9,561.37 10‐4910‐30‐00 Other Revenue (404.77) ‐ 404.77 Subtotal object ‐ 0 (177,000.00) (177,000.00) (146,158.30) (650.00) 82.58 (30,841.70) Program number: (177,000.00) (177,000.00) (146,158.30) (650.00) 82.58 (30,841.70) Department number: 30 Fire/EMS (177,000.00) (177,000.00) (146,158.30) (650.00) 82.58 (30,841.70) 10‐4315‐35‐00 Fire Review/Inspect Fees (11,000.00) (11,000.00) (12,715.00) (3,540.00) 115.59 1,715.00 Subtotal object ‐ 0 (11,000.00) (11,000.00) (12,715.00) (3,540.00) 115.59 1,715.00 Program number: (11,000.00) (11,000.00) (12,715.00) (3,540.00) 115.59 1,715.00 Department number: 35 Fire Marshall (11,000.00) (11,000.00) (12,715.00) (3,540.00) 115.59 1,715.00 10‐4910‐40‐00 Other Revenue (20,340.00) (1,080.00) ‐ 20,340.00 Subtotal object ‐ 0 (20,340.00) (1,080.00) ‐ 20,340.00 Program number: (20,340.00) (1,080.00) ‐ 20,340.00 14
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudgetDepartment number: 40 Streets (20,340.00) (1,080.00) ‐ 20,340.00 10‐4062‐45‐00 Over Due Fees (128.10) ‐ 128.10 10‐4063‐45‐00 Lost Fees (279.98) (145.35) ‐ 279.98 10‐4064‐45‐00 Printing/Coping Fees (42.80) ‐ 42.80 10‐4065‐45‐00 Book Fines (277.66) (266.66) ‐ 277.66 10‐4510‐45‐00 Grants (18,087.00) (18,087.00) (18,770.70) 103.78 683.70 10‐4910‐45‐00 Other Revenue (125.00) (125.00) (265.62) 212.50 140.62 Subtotal object ‐ 0 (18,212.00) (18,212.00) (19,764.86) (412.01) 108.53 1,552.86 Program number: (18,212.00) (18,212.00) (19,764.86) (412.01) 108.53 1,552.86 Department number: 45 Public Library (18,212.00) (18,212.00) (19,764.86) (412.01) 108.53 1,552.86 10‐4056‐60‐00 Field Rental Fees (17,000.00) (17,000.00) (16,328.14) (60.00) 96.05 (671.86) 10‐4057‐60‐00 Pavilion User Fees (1,400.00) (1,400.00) (3,730.00) (365.00) 266.43 2,330.00 10‐4058‐60‐00 Park Program Fees (13,474.88) (4,187.50) ‐ 13,474.88 10‐4910‐60‐00 Other Revenue (15,250.00) (15,250.00) (22,178.45) 145.43 6,928.45 Subtotal object ‐ 0 (33,650.00) (33,650.00) (55,711.47) (4,612.50) 165.56 22,061.47 Program number: (33,650.00) (33,650.00) (55,711.47) (4,612.50) 165.56 22,061.47 Department number: 60 Parks and Recreation (33,650.00) (33,650.00) (55,711.47) (4,612.50) 165.56 22,061.47 10‐4410‐70‐00 Fines (215,000.00) (215,000.00) (253,181.66) (25,452.29) 117.76 38,181.66 10‐4610‐70‐00 Interest Income (130.00) (130.00) (749.17) (122.94) 576.29 619.17 Subtotal object ‐ 0 (215,130.00) (215,130.00) (253,930.83) (25,575.23) 118.04 38,800.83 Program number: (215,130.00) (215,130.00) (253,930.83) (25,575.23) 118.04 38,800.83 Department number: 70 Municipal Court (215,130.00) (215,130.00) (253,930.83) (25,575.23) 118.04 38,800.83 10‐4012‐80‐00 Saturday Inspection Fee (100.00) ‐ 100.00 10‐4017‐80‐00 Registration Fee (32,000.00) (32,000.00) (43,850.00) (2,900.00) 137.03 11,850.00 10‐4210‐80‐00 Building Permits (1,554,300.00) (1,554,300.00) (1,702,499.73) (181,535.69) 109.54 148,199.73 10‐4230‐80‐00 Other Permits (100,000.00) (100,000.00) (131,837.65) (7,825.00) 131.84 31,837.65 10‐4240‐80‐00 Plumb/Elect/Mech Permits (15,000.00) (15,000.00) (21,970.00) (3,130.00) 146.47 6,970.00 10‐4242‐80‐00 Re‐inspection Fees (15,000.00) (15,000.00) (20,655.00) (2,050.00) 137.70 5,655.00 10‐4910‐80‐00 Other Revenue (3,000.00) (3,000.00) (4,086.33) (460.00) 136.21 1,086.33 Subtotal object ‐ 0 (1,719,300.00) (1,719,300.00) (1,924,998.71) (197,900.69) 111.96 205,698.71 Program number: (1,719,300.00) (1,719,300.00) (1,924,998.71) (197,900.69) 111.96 205,698.71 Department number: 80 Inspections (1,719,300.00) (1,719,300.00) (1,924,998.71) (197,900.69) 111.96 205,698.71 10‐4245‐85‐00 Health Inspections (7,000.00) (7,000.00) (11,000.00) (1,250.00) 157.14 4,000.00 10‐4910‐85‐00 Other Revenue (7,570.00) (1,300.00) ‐ 7,570.00 Subtotal object ‐ 0 (7,000.00) (7,000.00) (18,570.00) (2,550.00) 265.29 11,570.00 Program number: (7,000.00) (7,000.00) (18,570.00) (2,550.00) 265.29 11,570.00 Department number: 85 Code Enforcement (7,000.00) (7,000.00) (18,570.00) (2,550.00) 265.29 11,570.00 10‐4220‐90‐00 Zoning Permits (10,000.00) (10,000.00) (51,888.94) (3,762.45) 518.89 41,888.94 10‐4225‐90‐00 Plat Fees (50,000.00) (50,000.00) (45,056.01) (6,674.15) 90.11 (4,943.99) 10‐4910‐90‐00 Other Revenue (2,739.55) (100.00) ‐ 2,739.55 Subtotal object ‐ 0 (60,000.00) (60,000.00) (99,684.50) (10,536.60) 166.14 39,684.50 Program number: (60,000.00) (60,000.00) (99,684.50) (10,536.60) 166.14 39,684.50 Department number: 90 Planning (60,000.00) (60,000.00) (99,684.50) (10,536.60) 166.14 39,684.50 10‐4910‐98‐00 Other Revenue (75.00) (50.00) ‐ 75.00 Subtotal object ‐ 0 (75.00) (50.00) ‐ 75.00 Program number: (75.00) (50.00) ‐ 75.00 Department number: 98 Engineering (75.00) (50.00) ‐ 75.00 15
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (11,761,317.00) (11,761,317.00) (12,036,796.36) (679,135.10) 102.34 275,479.36 10‐5110‐10‐00 Salaries & Wages 766,763.00 (40,837.00) 725,926.00 666,107.05 57,891.12 91.76 59,818.95 10‐5115‐10‐00 Salaries ‐ Overtime 6,031.00 (4,330.00) 1,701.00 1,383.73 234.13 81.35 317.27 10‐5126‐10‐00 Salaries‐Vacation Buy‐Out 6,154.00 6,154.00 6,822.92 110.87 (668.92) 10‐5140‐10‐00 Salaries ‐ Longevity Pay 1,338.00 (618.00) 720.00 420.00 58.33 300.00 10‐5141‐10‐00 Salaries ‐ Incentive 24,343.00 (23,343.00) 1,000.00 1,000.00 100.00 10‐5142‐10‐00 Car Allowance 5,516.00 5,516.00 5,284.64 461.54 95.81 231.36 10‐5143‐10‐00 Cell Phone Allowance 2,070.00 2,070.00 1,890.00 180.00 91.30 180.00 10‐5145‐10‐00 Social Security Expense 49,505.00 (8,036.00) 41,469.00 36,939.30 3,067.90 89.08 4,529.70 10‐5150‐10‐00 Medicare Expense 11,578.00 (1,256.00) 10,322.00 9,346.26 801.11 90.55 975.74 10‐5155‐10‐00 SUTA Expense 798.00 663.00 1,461.00 1,460.93 100.00 0.07 10‐5160‐10‐00 Health Insurance 49,119.00 (2,070.00) 47,049.00 43,356.79 5,447.46 92.15 3,692.21 10‐5165‐10‐00 Dental Insurance 3,275.00 (1,086.00) 2,189.00 1,994.96 191.70 91.14 194.04 10‐5170‐10‐00 Life Insurance/AD&D 777.00 182.00 959.00 923.15 130.60 96.26 35.85 10‐5175‐10‐00 Liability (TML) Workers' Comp 1,010.00 1,646.00 2,656.00 2,655.53 99.98 0.47 10‐5176‐10‐00 TML Prop. & Liab. Insurance 100,000.00 (20,943.00) 79,057.00 79,057.24 100.00 (0.24) 10‐5180‐10‐00 TMRS Expense 83,840.00 (4,668.00) 79,172.00 73,008.10 6,320.97 92.22 6,163.90 10‐5185‐10‐00 Long Term/Short Term Disabilit 1,072.00 518.00 1,590.00 1,352.77 283.34 85.08 237.23 10‐5186‐10‐00 WELLE‐Wellness Prog Reimb Empl 3,780.00 (2,417.00) 1,363.00 1,170.75 87.50 85.90 192.25 10‐5190‐10‐00 Contract Labor 35,000.00 (23,275.00) 11,725.00 10,945.00 1,450.00 93.35 780.00 10‐5191‐10‐00 Hiring Cost 15,000.00 (14,570.00) 430.00 430.06 100.01 (0.06) 10‐5193‐10‐00 Records Retention 1,000.00 (681.00) 319.00 318.65 99.89 0.35 10‐5210‐10‐00 Office Supplies 5,000.00 5,613.00 10,613.00 8,620.75 34.86 81.23 1,992.25 10‐5212‐10‐00 Building Supplies 1,500.00 4,199.00 5,699.00 5,262.34 92.34 436.66 10‐5220‐10‐00 Office Equipment 19,293.00 19,293.00 8,188.15 11,511.50 42.44 11,104.85 10‐5230‐10‐00 Dues,Fees,& Subscriptions 10,000.00 2,100.00 12,100.00 14,808.61 3,231.99 122.39 (2,708.61) 10‐5240‐10‐00 Postage and Delivery 3,000.00 (2,000.00) 1,000.00 279.68 27.97 720.32 10‐5250‐10‐00 Publications 500.00 585.00 1,085.00 1,084.60 99.96 0.40 10‐5260‐10‐00 Advertising 300.00 (300.00) ‐ 10‐5265‐10‐00 Promotional Expense 1,750.00 1,750.00 1,749.66 99.98 0.34 10‐5270‐10‐00 Bank Charges 200.00 (110.00) 90.00 120.00 133.33 (30.00) 10‐5280‐10‐00 Printing and Reproduction 2,000.00 156.00 2,156.00 1,870.29 86.75 285.71 10‐5290‐10‐00 Miscellaneous Expense 1,083.00 1,083.00 1,083.21 100.02 (0.21) 10‐5305‐10‐00 Chapt 380 Program Grant Exp 10,000.00 15,364.00 25,364.00 22,745.94 2,882.03 89.68 2,618.06 10‐5310‐10‐00 Rental Expense 58,782.00 (19,951.00) 38,831.00 37,405.87 1,750.05 96.33 1,425.13 10‐5330‐10‐00 Copier Expense 27,000.00 3,570.00 30,570.00 28,703.50 1,710.00 93.89 1,866.50 10‐5340‐10‐00 Building Repairs 2,500.00 13,949.00 16,449.00 15,949.00 96.96 500.00 10‐5352‐10‐00 Fuel 70.00 70.00 69.94 99.91 0.06 10‐5410‐10‐00 Professional Services 45,000.00 59,303.00 104,303.00 102,320.77 6,000.00 98.10 1,982.23 10‐5412‐10‐00 Audit Fees 40,000.00 (9,650.00) 30,350.00 30,350.00 100.00 10‐5414‐10‐00 Appraisal / Tax Fees 53,000.00 6,888.00 59,888.00 58,417.38 12,464.34 97.54 1,470.62 10‐5418‐10‐00 IT Fees 135,000.00 19,055.00 154,055.00 134,378.93 11,215.30 87.23 19,676.07 10‐5419‐10‐00 IT Licenses 10,000.00 364.00 10,364.00 10,345.00 99.82 19.00 10‐5430‐10‐00 Legal Fees 40,000.00 61,380.00 101,380.00 99,893.74 10,527.72 98.53 1,486.26 10‐5435‐10‐00 Legal Notices/Filings 8,500.00 (1,464.00) 7,036.00 4,541.04 552.30 64.54 2,494.96 10‐5460‐10‐00 Election Expense 15,000.00 (8,000.00) 7,000.00 6,612.75 94.47 387.25 10‐5480‐10‐00 Contracted Services 18,000.00 30,875.00 48,875.00 47,940.75 8,466.53 98.09 934.25 16
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5520‐10‐00 Telephones 18,000.00 30,061.00 48,061.00 48,845.62 1,260.66 101.63 (784.62) 10‐5521‐10‐00 Cell Phone Expense 6,000.00 (6,000.00) ‐ 10‐5524‐10‐00 Gas‐Building 500.00 65.00 565.00 555.92 41.02 98.39 9.08 10‐5525‐10‐00 Electricity 10,000.00 (843.00) 9,157.00 7,112.53 77.67 2,044.47 10‐5526‐10‐00 Data Network 15,000.00 6,962.00 21,962.00 18,753.27 1,696.51 85.39 3,208.73 10‐5530‐10‐00 Travel/Lodging/Meals Expense 8,000.00 577.00 8,577.00 8,599.96 100.27 (22.96) 10‐5532‐10‐00 Entertainment 750.00 (750.00) ‐ 10‐5533‐10‐00 Mileage Expense 5,000.00 (2,805.00) 2,195.00 1,271.98 57.95 923.02 10‐5536‐10‐00 Training/Seminars 40,000.00 (29,429.00) 10,571.00 9,518.49 96.00 90.04 1,052.51 10‐5538‐10‐00 Council/Public Official Expens 20,000.00 (5,097.00) 14,903.00 11,804.07 274.74 79.21 3,098.93 10‐5600‐10‐00 Special Events 38,000.00 (21,775.00) 16,225.00 15,835.49 97.60 389.51 10‐7000‐10‐00 Contingency 26,707.00 (26,707.00) ‐ 10‐7143‐10‐00 Transfer to Internal Serv. Fd 17,000.00 (17,000.00) ‐ Subtotal object ‐ 0 1,844,468.00 1,844,468.00 1,710,907.06 150,262.92 92.76 133,560.94 Program number: 1,844,468.00 1,844,468.00 1,710,907.06 150,262.92 92.76 133,560.94 Department number: 10 Administration 1,844,468.00 1,844,468.00 1,710,907.06 150,262.92 92.76 133,560.94 10‐5110‐20‐00 Salaries & Wages 966,557.00 966,557.00 844,614.33 69,530.30 87.38 121,942.67 10‐5115‐20‐00 Salaries ‐ Overtime 35,000.00 6,000.00 41,000.00 40,349.83 3,825.43 98.41 650.17 10‐5126‐20‐00 Salaries‐Vacation Buy‐Out 4,152.74 ‐ (4,152.74) 10‐5127‐20‐00 Salaries‐Certification Pay 11,800.00 11,800.00 10,920.43 1,029.22 92.55 879.57 10‐5140‐20‐00 Salaries ‐ Longevity Pay 5,690.00 5,690.00 4,555.00 80.05 1,135.00 10‐5141‐20‐00 Salaries ‐ Incentive 650.00 ‐ (650.00) 10‐5143‐20‐00 Cell Phone Allowance 630.00 90.00 ‐ (630.00) 10‐5145‐20‐00 Social Security Expense 63,026.00 63,026.00 54,542.22 4,512.96 86.54 8,483.78 10‐5150‐20‐00 Medicare Expense 14,740.00 14,740.00 12,755.83 1,055.45 86.54 1,984.17 10‐5155‐20‐00 SUTA Expense 1,017.00 1,017.00 219.31 21.56 797.69 10‐5160‐20‐00 Health Insurance 86,971.00 86,971.00 58,918.64 9,115.12 67.75 28,052.36 10‐5165‐20‐00 Dental Insurance 5,798.00 5,798.00 3,477.72 332.28 59.98 2,320.28 10‐5170‐20‐00 Life Insurance/AD&D 798.00 798.00 3,730.29 364.14 467.46 (2,932.29) 10‐5175‐20‐00 Liability (TML) Workers' Comp 1,286.00 1,286.00 22,272.23 ‐‐‐(20,986.23) 10‐5180‐20‐00 TMRS Expense 106,737.00 106,737.00 93,140.00 8,137.14 87.26 13,597.00 10‐5185‐20‐00 Long Term/Short Term Disabilit 933.00 2,000.00 2,933.00 1,618.20 335.18 55.17 1,314.80 10‐5186‐20‐00 WELLE‐Wellness Prog Reimb Empl 6,720.00 6,720.00 1,566.25 140.00 23.31 5,153.75 10‐5190‐20‐00 Contract Labor 6,000.00 6,000.00 5,725.00 700.00 95.42 275.00 10‐5191‐20‐00 Hiring Cost 900.00 900.00 610.00 67.78 290.00 10‐5192‐20‐00 Physical & Psychological 825.00 825.00 450.00 54.55 375.00 10‐5210‐20‐00 Office Supplies 10,500.00 (1,200.00) 9,300.00 5,844.58 62.85 3,455.42 10‐5212‐20‐00 Building Supplies 2,500.00 2,500.00 1,237.98 49.52 1,262.02 10‐5214‐20‐00 Tactical Supplies 37,190.00 (3,000.00) 34,190.00 8,581.87 2,289.76 25.10 25,608.13 10‐5215‐20‐00 Ammunition 6,000.00 6,000.00 5,342.80 89.05 657.20 10‐5220‐20‐00 Office Equipment 1,400.00 4,700.00 6,100.00 1,708.08 28.00 4,391.92 10‐5230‐20‐00 Dues,Fees,& Subscriptions 7,000.00 7,000.00 6,906.80 83.99 98.67 93.20 10‐5240‐20‐00 Postage and Delivery 750.00 750.00 99.73 6.95 13.30 650.27 10‐5250‐20‐00 Publications 500.00 500.00 285.94 57.19 214.06 10‐5260‐20‐00 Advertising 250.00 250.00 ‐ 250.00 10‐5265‐20‐00 Promotional Expense 2,250.00 2,250.00 266.49 11.84 1,983.51 10‐5280‐20‐00 Printing and Reproduction 500.00 500.00 1,000.00 792.58 79.26 207.42 17
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5290‐20‐00 Miscellaneous Expense 85.00 ‐ (85.00) 10‐5310‐20‐00 Rental Expense 3,000.00 1,200.00 4,200.00 3,488.90 324.90 83.07 711.10 10‐5320‐20‐00 Repairs & Maintenance 750.00 750.00 75.00 10.00 675.00 10‐5330‐20‐00 Copier Expense 500.00 500.00 445.38 89.08 54.62 10‐5335‐20‐00 Radio/Video Repairs 2,000.00 2,000.00 ‐ 2,000.00 10‐5340‐20‐00 Building Repairs 1,000.00 1,000.00 865.00 385.00 86.50 135.00 10‐5350‐20‐00 Vehicle Expense 60,000.00 (8,200.00) 51,800.00 28,209.10 4,041.59 54.46 23,590.90 10‐5352‐20‐00 Fuel 80,000.00 (13,500.00) 66,500.00 45,182.24 5,858.23 67.94 21,317.76 10‐5353‐20‐00 Oil/Grease/Inspections 2,150.00 2,150.00 231.28 10.76 1,918.72 10‐5400‐20‐00 Uniform Expense 16,500.00 4,000.00 20,500.00 17,462.55 1,305.85 85.18 3,037.45 10‐5410‐20‐00 Professional Services 760.00 500.00 1,260.00 1,475.00 117.06 (215.00) 10‐5415‐20‐00 Tuition Reimbursement 12,000.00 12,000.00 8,250.00 1,600.00 68.75 3,750.00 10‐5418‐20‐00 IT Fees 3,950.00 3,950.00 457.50 11.58 3,492.50 10‐5419‐20‐00 IT Licenses 3,000.00 3,000.00 2,491.50 83.05 508.50 10‐5430‐20‐00 Legal Fees 10,000.00 10,000.00 5,125.47 779.00 51.26 4,874.53 10‐5480‐20‐00 Contracted Services 20,000.00 2,460.00 22,460.00 18,579.71 11,522.55 82.72 3,880.29 10‐5520‐20‐00 Telephones 8,000.00 5,000.00 13,000.00 9,586.21 73.74 3,413.79 10‐5521‐20‐00 Cell Phone Expense 5,000.00 (5,000.00) ‐ 10‐5525‐20‐00 Electricity 10,000.00 10,000.00 8,047.35 80.47 1,952.65 10‐5526‐20‐00 Data Network 13,760.00 13,760.00 5,338.82 422.73 38.80 8,421.18 10‐5530‐20‐00 Travel/Lodging/Meals Expense 5,000.00 3,000.00 8,000.00 5,885.83 617.55 73.57 2,114.17 10‐5533‐20‐00 Mileage Expense 2,500.00 2,500.00 532.34 21.29 1,967.66 10‐5536‐20‐00 Training/Seminars 26,500.00 (2,000.00) 24,500.00 9,085.02 37.08 15,414.98 10‐5600‐20‐00 Special Events 10,500.00 10,500.00 5,431.04 51.72 5,068.96 10‐5630‐20‐00 Safety Equipment 18,750.00 15,980.00 34,730.00 22,162.57 63.81 12,567.43 10‐5640‐20‐00 Signs & Hardware 500.00 500.00 ‐ 500.00 10‐6160‐20‐00 Capital Expenditure ‐ Vehicles 135,000.00 (12,940.00) 122,060.00 122,059.59 100.00 0.41 Subtotal object ‐ 0 1,834,258.00 1,834,258.00 1,516,517.27 128,405.32 82.68 317,740.73 Program number: 1,834,258.00 1,834,258.00 1,516,517.27 128,405.32 82.68 317,740.73 Department number: 20 Police 1,834,258.00 1,834,258.00 1,516,517.27 128,405.32 82.68 317,740.73 10‐5110‐25‐00 Salaries & Wages 312,860.00 312,860.00 266,659.08 23,357.20 85.23 46,200.92 10‐5115‐25‐00 Salaries ‐ Overtime 15,000.00 15,000.00 11,358.87 295.93 75.73 3,641.13 10‐5127‐25‐00 Salaries‐Certification Pay 7,000.00 7,000.00 6,670.63 678.44 95.30 329.37 10‐5140‐25‐00 Salaries ‐ Longevity Pay 1,507.00 1,507.00 635.00 42.14 872.00 10‐5145‐25‐00 Social Security Expense 20,855.00 20,855.00 16,683.19 1,427.73 80.00 4,171.81 10‐5150‐25‐00 Medicare Expense 4,877.00 4,877.00 3,901.72 333.90 80.00 975.28 10‐5155‐25‐00 SUTA Expense 336.00 336.00 676.82 201.44 (340.82) 10‐5160‐25‐00 Health Insurance 37,800.00 37,800.00 25,358.59 3,110.82 67.09 12,441.41 10‐5165‐25‐00 Dental Insurance 2,520.00 2,520.00 1,452.30 178.92 57.63 1,067.70 10‐5170‐25‐00 Life Insurance 416.00 416.00 522.05 55.16 125.49 (106.05) 10‐5175‐25‐00 Liability (TML) Workers' Comp 426.00 426.00 642.47 150.82 (216.47) 10‐5180‐25‐00 TMRS Expense 34,483.00 34,483.00 27,653.35 2,591.61 80.19 6,829.65 10‐5185‐25‐00 Long Term/Short Term Disabilit 350.00 1,000.00 1,350.00 489.03 118.42 36.22 860.97 10‐5186‐25‐00 WELLE‐Wellness Prog Reimb Empl 3,360.00 3,360.00 1,097.25 105.00 32.66 2,262.75 10‐5191‐25‐00 Hiring Cost 300.00 500.00 800.00 471.03 58.88 328.97 10‐5192‐25‐00 Physical & Psychological 300.00 1,000.00 1,300.00 950.00 73.08 350.00 10‐5210‐25‐00 Supplies 3,000.00 3,000.00 760.64 25.36 2,239.36 18
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5212‐25‐00 Building Supplies 1,500.00 1,500.00 904.73 237.66 60.32 595.27 10‐5220‐25‐00 Office Equipment 2,440.00 2,440.00 1,380.27 56.57 1,059.73 10‐5230‐25‐00 Dues,Fees,& Subscriptions 2,000.00 2,000.00 1,217.80 363.98 60.89 782.20 10‐5240‐25‐00 Postage and Delivery 100.00 100.00 52.31 52.31 47.69 10‐5250‐25‐00 Publications 100.00 100.00 ‐ 100.00 10‐5280‐25‐00 Printing and Reproduction 100.00 100.00 ‐ 100.00 10‐5320‐25‐00 Repairs & Maintenance 500.00 500.00 140.00 28.00 360.00 10‐5340‐25‐00 Building Repairs 750.00 750.00 320.00 42.67 430.00 10‐5400‐25‐00 Uniform Expense 1,710.00 1,710.00 683.20 49.25 39.95 1,026.80 10‐5415‐25‐00 Tuition Reimbursement 6,000.00 (3,100.00) 2,900.00 ‐ 2,900.00 10‐5418‐25‐00 IT Fees 4,500.00 4,500.00 1,471.50 32.70 3,028.50 10‐5419‐25‐00 IT Licenses 5,000.00 5,000.00 ‐ 5,000.00 10‐5430‐25‐00 Legal Fees 2,450.00 2,450.00 ‐ 2,450.00 10‐5480‐25‐00 Contracted Services 155,000.00 155,000.00 132,501.90 85.49 22,498.10 10‐5520‐25‐00 Telephones 2,500.00 700.00 3,200.00 2,138.27 30.77 66.82 1,061.73 10‐5521‐25‐00 Cell Phone Expense 700.00 (700.00) ‐ 10‐5524‐25‐00 Gas‐Building 400.00 600.00 1,000.00 895.46 123.86 89.55 104.54 10‐5526‐25‐00 Data Network 4,600.00 4,600.00 4,263.86 762.36 92.69 336.14 10‐5530‐25‐00 Travel/Lodging/Meals Expense 1,950.00 1,950.00 583.05 29.90 1,366.95 10‐5533‐25‐00 Mileage Expense 1,000.00 1,000.00 588.67 58.87 411.33 10‐5536‐25‐00 Training/Seminars 5,000.00 5,000.00 2,252.00 75.00 45.04 2,748.00 10‐5600‐25‐00 Special Events 1,000.00 1,000.00 423.08 42.31 576.92 Subtotal object ‐ 0 644,690.00 644,690.00 515,798.12 33,896.01 80.01 128,891.88 Program number: 644,690.00 644,690.00 515,798.12 33,896.01 80.01 128,891.88 Department number: 25 Dispatch Department 644,690.00 644,690.00 515,798.12 33,896.01 80.01 128,891.88 10‐5110‐30‐00 Salaries & Wages 1,438,167.00 1,438,167.00 1,163,246.06 107,004.77 80.88 274,920.94 10‐5115‐30‐00 Salaries ‐ Overtime 230,000.00 230,000.00 203,210.84 16,997.18 88.35 26,789.16 10‐5127‐30‐00 Salaries‐Certification Pay 16,000.00 16,000.00 12,895.45 1,126.24 80.60 3,104.55 10‐5140‐30‐00 Salaries ‐ Longevity Pay 12,606.00 12,606.00 7,555.00 59.93 5,051.00 10‐5141‐30‐00 Salaries ‐ Incentive 1,750.00 ‐ (1,750.00) 10‐5143‐30‐00 Cell Phone Allowance 4,510.00 390.00 ‐ (4,510.00) 10‐5145‐30‐00 Social Security Expense 105,200.00 105,200.00 82,273.58 7,289.98 78.21 22,926.42 10‐5150‐30‐00 Medicare Expense 24,603.00 24,603.00 19,241.40 1,704.92 78.21 5,361.60 10‐5155‐30‐00 SUTA Expense 1,697.00 1,697.00 339.70 195.42 20.02 1,357.30 10‐5160‐30‐00 Health Insurance 146,880.00 146,880.00 95,372.20 16,172.64 64.93 51,507.80 10‐5165‐30‐00 Dental Insurance 9,792.00 9,792.00 5,048.10 485.64 51.55 4,743.90 10‐5170‐30‐00 Life Insurance/AD&D 12,489.00 12,489.00 5,488.34 525.20 43.95 7,000.66 10‐5171‐30‐00 Life Insurance‐Supplemental 7,921.00 ‐ (7,921.00) 10‐5175‐30‐00 Liability (TML) Workers Comp 2,147.00 2,147.00 26,555.35 ‐‐‐(24,408.35) 10‐5180‐30‐00 TMRS Expense 158,365.00 158,365.00 142,812.72 12,511.69 90.18 15,552.28 10‐5185‐30‐00 Long Term/Short Term Disabilit 2,502.00 2,502.00 2,450.05 490.76 97.92 51.95 10‐5186‐30‐00 WELLE‐Wellness Prog Reimb Empl 8,400.00 8,400.00 6,289.50 595.00 74.88 2,110.50 10‐5191‐30‐00 Hiring Cost 1,000.00 1,000.00 160.00 16.00 840.00 10‐5194‐30‐00 FD Annual Phy & Screening 16,000.00 16,000.00 11,742.00 73.39 4,258.00 10‐5210‐30‐00 Office Supplies 4,848.00 4,848.00 1,794.56 63.39 37.02 3,053.44 10‐5212‐30‐00 Building Supplies 4,000.00 4,000.00 3,454.34 709.17 86.36 545.66 10‐5220‐30‐00 Office Equipment 1,500.00 1,500.00 1,150.60 76.71 349.40 19
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5230‐30‐00 Dues,Fees,& Subscriptions 3,500.00 3,500.00 3,680.00 105.14 (180.00) 10‐5240‐30‐00 Postage and Delivery 250.00 250.00 131.12 52.45 118.88 10‐5250‐30‐00 Publications 350.00 350.00 290.00 82.86 60.00 10‐5280‐30‐00 Printing and Reproduction 500.00 500.00 256.00 51.20 244.00 10‐5320‐30‐00 Repairs & Maintenance 6,500.00 6,500.00 6,695.39 1,629.45 103.01 (195.39) 10‐5335‐30‐00 Radio/Video Repairs 20,000.00 (1,500.00) 18,500.00 12,270.31 2,278.00 66.33 6,229.69 10‐5340‐30‐00 Building Repairs 20,000.00 20,000.00 6,975.20 30.00 34.88 13,024.80 10‐5350‐30‐00 Vehicle Expense 35,000.00 35,000.00 28,721.35 5,470.74 82.06 6,278.65 10‐5352‐30‐00 Fuel 35,000.00 35,000.00 16,560.18 1,767.75 47.32 18,439.82 10‐5400‐30‐00 Uniform Expense 21,000.00 21,000.00 13,174.50 226.80 62.74 7,825.50 10‐5410‐30‐00 Professional Services 10,500.00 10,500.00 198.00 1.89 10,302.00 10‐5418‐30‐00 IT Fees 7,500.00 7,500.00 1,043.40 13.91 6,456.60 10‐5430‐30‐00 Legal Fees 2,641.00 ‐ (2,641.00) 10‐5435‐30‐00 Legal Notices/Filings 27.20 ‐ (27.20) 10‐5440‐30‐00 EMS 74,000.00 74,000.00 57,442.02 4,523.74 77.62 16,557.98 10‐5480‐30‐00 Contracted Services 10,000.00 10,000.00 5,165.00 60.00 51.65 4,835.00 10‐5520‐30‐00 Telephones 12,500.00 8,000.00 20,500.00 23,285.79 810.36 113.59 (2,785.79) 10‐5521‐30‐00 Cell Phone Expense 8,000.00 (8,000.00) ‐ 10‐5524‐30‐00 Gas ‐ Building 7,000.00 7,000.00 4,367.90 306.53 62.40 2,632.10 10‐5525‐30‐00 Electricity 22,000.00 22,000.00 16,462.73 3,591.93 74.83 5,537.27 10‐5526‐30‐00 Data Network 12,442.00 12,442.00 18,986.25 1,673.68 152.60 (6,544.25) 10‐5530‐30‐00 Travel/Lodging/Meals Expense 3,000.00 3,000.00 766.75 25.56 2,233.25 10‐5533‐30‐00 Mileage Expense 1,500.00 1,500.00 253.79 253.79 16.92 1,246.21 10‐5536‐30‐00 Training/Seminars 18,000.00 18,000.00 8,170.00 45.39 9,830.00 10‐5610‐30‐00 Fire Fighting Equipment 18,000.00 18,000.00 9,716.00 230.40 53.98 8,284.00 10‐5620‐30‐00 Tools & Equipment 40.47 ‐ (40.47) 10‐5630‐30‐00 Safety Equipment 25,000.00 25,000.00 10,841.63 7,929.35 43.37 14,158.37 10‐6160‐30‐00 Capital Expenditure ‐ Vehicles 138,000.00 43,250.00 ‐ (138,000.00) Subtotal object ‐ 0 2,566,238.00 2,566,238.00 2,191,422.77 240,294.52 85.39 374,815.23 Program number: 2,566,238.00 2,566,238.00 2,191,422.77 240,294.52 85.39 374,815.23 Department number: 30 Fire/EMS 2,566,238.00 2,566,238.00 2,191,422.77 240,294.52 85.39 374,815.23 10‐5110‐35‐00 Salaries & Wages 82,318.00 82,318.00 72,566.40 6,393.60 88.15 9,751.60 10‐5115‐35‐00 Salaries ‐ Overtime 79.92 ‐ (79.92) 10‐5140‐35‐00 Salaries ‐ Longevity Pay 752.00 752.00 570.00 75.80 182.00 10‐5143‐35‐00 Cell Phone Allowance 1,070.00 90.00 ‐ (1,070.00) 10‐5145‐35‐00 Social Security Expense 5,150.00 5,150.00 4,083.45 381.79 79.29 1,066.55 10‐5150‐35‐00 Medicare Expense 1,205.00 1,205.00 954.99 89.29 79.25 250.01 10‐5155‐35‐00 SUTA Expense 83.00 83.00 (45.00) (54.22) 128.00 10‐5160‐35‐00 Health Insurance 5,400.00 5,400.00 5,625.58 104.18 (225.58) 10‐5165‐35‐00 Dental Insurance 360.00 360.00 253.68 25.56 70.47 106.32 10‐5170‐35‐00 Life Insurance/AD&D 114.00 114.00 274.42 26.26 240.72 (160.42) 10‐5175‐35‐00 Liability (TML) Workers' Comp 105.00 105.00 1,327.77 ‐‐‐(1,222.77) 10‐5180‐35‐00 TMRS Expense 8,722.00 8,722.00 7,972.23 700.09 91.40 749.77 10‐5185‐35‐00 Long Term/Short Term Disabilit 153.00 153.00 161.40 32.28 105.49 (8.40) 10‐5186‐35‐00 WELLE‐Wellness Prog Reimb Empl 420.00 420.00 455.00 35.00 108.33 (35.00) 10‐5193‐35‐00 Records Retention 250.00 250.00 ‐ 250.00 10‐5194‐35‐00 FD Annual Phy & Screening 650.00 650.00 650.50 100.08 (0.50) 20
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5210‐35‐00 Supplies 300.00 300.00 17.00 5.67 283.00 10‐5215‐35‐00 Ammunition 750.00 750.00 749.16 99.89 0.84 10‐5220‐35‐00 Office Equipment 197.72 ‐ (197.72) 10‐5230‐35‐00 Dues,Fees,& Subscriptions 600.00 600.00 320.00 53.33 280.00 10‐5240‐35‐00 Postage and Delivery 60.00 60.00 8.92 14.87 51.08 10‐5250‐35‐00 Publications 550.00 250.00 800.00 757.37 94.67 42.63 10‐5280‐35‐00 Printing and Reproduction 500.00 (250.00) 250.00 ‐ 250.00 10‐5350‐35‐00 Vehicle Expense 1,953.00 1,953.00 ‐ 1,953.00 10‐5352‐35‐00 Fuel 2,000.00 2,000.00 1,119.75 64.34 55.99 880.25 10‐5353‐35‐00 Oil/Grease/Inspections 500.00 500.00 ‐ 500.00 10‐5400‐35‐00 Uniform Expense 1,050.00 1,050.00 413.55 39.39 636.45 10‐5418‐35‐00 IT Fees 200.00 200.00 ‐ 200.00 10‐5430‐35‐00 Legal Fees 2,000.00 2,000.00 2,546.00 38.00 127.30 (546.00) 10‐5520‐35‐00 Telephones 900.00 1,200.00 2,100.00 190.06 9.05 1,909.94 10‐5521‐35‐00 Cell Phone Expense 1,200.00 (1,200.00) ‐ 10‐5526‐35‐00 Data Network 303.92 37.99 ‐ (303.92) 10‐5530‐35‐00 Travel/Lodging/Meals Expense 500.00 500.00 850.00 170.00 (350.00) 10‐5536‐35‐00 Training/Seminars 3,200.00 (750.00) 2,450.00 595.00 24.29 1,855.00 10‐5620‐35‐00 Tools & Equipment 150.00 150.00 91.13 60.75 58.87 10‐5630‐35‐00 Safety Equipment 1,000.00 1,000.00 273.57 27.36 726.43 10‐5640‐35‐00 Signs & Hardware 1,250.00 1,250.00 ‐ 1,250.00 Subtotal object ‐ 0 123,595.00 123,595.00 104,433.49 7,914.20 84.50 19,161.51 Program number: 123,595.00 123,595.00 104,433.49 7,914.20 84.50 19,161.51 Department number: 35 Fire Marshall 123,595.00 123,595.00 104,433.49 7,914.20 84.50 19,161.51 10‐5110‐40‐00 Salaries & Wages 93,646.00 93,646.00 82,566.90 7,275.20 88.17 11,079.10 10‐5115‐40‐00 Salaries ‐ Overtime 4,000.00 1,500.00 5,500.00 5,561.40 337.57 101.12 (61.40) 10‐5140‐40‐00 Salaries ‐ Longevity Pay 1,237.00 1,237.00 1,000.00 80.84 237.00 10‐5145‐40‐00 Social Security Expense 6,131.00 6,131.00 5,437.72 457.03 88.69 693.28 10‐5150‐40‐00 Medicare Expense 1,434.00 1,434.00 1,271.73 106.89 88.68 162.27 10‐5155‐40‐00 SUTA Expense 99.00 99.00 (0.09) (0.09) 99.09 10‐5160‐40‐00 Health Insurance 10,800.00 10,800.00 7,398.38 1,187.80 68.50 3,401.62 10‐5165‐40‐00 Dental Insurance 720.00 720.00 507.37 51.12 70.47 212.63 10‐5170‐40‐00 Life Insurance/AD&D 196.00 196.00 164.69 15.76 84.03 31.31 10‐5175‐40‐00 Liability (TML) Workers Comp 125.00 125.00 4,540.11 ‐‐‐(4,415.11) 10‐5180‐40‐00 TMRS Expense 10,383.00 10,383.00 9,589.19 821.37 92.36 793.81 10‐5185‐40‐00 Long Term/Short Term Disabilit 174.00 174.00 179.01 36.72 102.88 (5.01) 10‐5186‐40‐00 WELLE‐Wellness Prog Reimb Empl 840.00 840.00 696.50 35.00 82.92 143.50 10‐5191‐40‐00 Hiring Cost 50.00 50.00 ‐ 50.00 10‐5210‐40‐00 Office Supplies 600.00 600.00 329.31 194.95 54.89 270.69 10‐5230‐40‐00 Dues,Fees,& Subscriptions 200.00 200.00 ‐ 200.00 10‐5250‐40‐00 Publications 50.00 50.00 ‐ 50.00 10‐5310‐40‐00 Rental Expense 10,000.00 10,000.00 7,700.00 77.00 2,300.00 10‐5320‐40‐00 Repairs & Maintenance 4,000.00 4,000.00 745.00 18.63 3,255.00 10‐5321‐40‐00 Signal Light Repairs 7,400.00 7,400.00 1,143.68 15.46 6,256.32 10‐5340‐40‐00 Building Repairs 2,500.00 2,500.00 ‐ 2,500.00 10‐5350‐40‐00 Vehicle Expense 5,500.00 2,600.00 8,100.00 8,214.94 1,326.99 101.42 (114.94) 10‐5352‐40‐00 Fuel 9,300.00 (1,000.00) 8,300.00 2,405.61 235.40 28.98 5,894.39 21
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5353‐40‐00 Oil/Grease/Inspections 800.00 800.00 39.75 4.97 760.25 10‐5400‐40‐00 Uniform Expense 3,500.00 3,500.00 1,293.67 18.00 36.96 2,206.33 10‐5410‐40‐00 Professional Services 8,000.00 (1,000.00) 7,000.00 ‐ 7,000.00 10‐5480‐40‐00 Contracted Services 910,720.00 (4,000.00) 906,720.00 141,585.11 1,589.66 15.62 765,134.89 10‐5520‐40‐00 Telephones 300.00 1,000.00 1,300.00 871.03 67.00 428.97 10‐5521‐40‐00 Cell Phone Expense 1,000.00 (1,000.00) ‐ 10‐5525‐40‐00 Electricity 100,000.00 100,000.00 107,810.86 8,923.35 107.81 (7,810.86) 10‐5526‐40‐00 Data Network 100.00 100.00 100.26 7.14 100.26 (0.26) 10‐5530‐40‐00 Travel/Lodging/Meals Expense 800.00 800.00 26.84 3.36 773.16 10‐5536‐40‐00 Training/Seminars 800.00 800.00 ‐ 800.00 10‐5620‐40‐00 Tools & Equipment 3,000.00 1,800.00 4,800.00 4,760.44 99.18 39.56 10‐5630‐40‐00 Safety Equipment 2,000.00 2,000.00 1,275.90 63.80 724.10 10‐5640‐40‐00 Signs & Hardware 31,000.00 31,000.00 9,387.85 30.28 21,612.15 10‐5650‐40‐00 Maintenance Materials 60,000.00 60,000.00 20,856.34 1,567.09 34.76 39,143.66 10‐6140‐40‐00 Capital Expenditure ‐ Equipmt 76,000.00 76,000.00 ‐ 76,000.00 Subtotal object ‐ 0 1,367,305.00 1,367,305.00 427,459.50 24,187.04 31.26 939,845.50 Program number: 1,367,305.00 1,367,305.00 427,459.50 24,187.04 31.26 939,845.50 Department number: 40 Streets 1,367,305.00 1,367,305.00 427,459.50 24,187.04 31.26 939,845.50 10‐5110‐45‐00 Salaries & Wages 24,536.00 24,590.00 49,126.00 35,946.97 5,368.67 73.17 13,179.03 10‐5145‐45‐00 Social Security Expense 849.00 1,525.00 2,374.00 2,229.64 333.09 93.92 144.36 10‐5150‐45‐00 Medicare Expense 198.00 357.00 555.00 521.44 77.89 93.95 33.56 10‐5155‐45‐00 SUTA Expense 14.00 25.00 39.00 512.82 43.87 ‐‐‐(473.82) 10‐5160‐45‐00 Health/Dental Insurance 3,992.00 3,992.00 ‐ 3,992.00 10‐5165‐45‐00 Dental Insurance 145.00 145.00 97.98 25.56 67.57 47.02 10‐5170‐45‐00 Life Insurance 47.00 47.00 31.52 7.88 67.06 15.48 10‐5175‐45‐00 Liability (TML)/Workers' Comp 17.00 61.00 78.00 85.66 109.82 (7.66) 10‐5180‐45‐00 TMRS Expense 2,582.00 2,582.00 1,635.79 371.77 63.35 946.21 10‐5185‐45‐00 Long Term/Short Term Disabilit 98.00 98.00 ‐ 98.00 10‐5190‐45‐00 Contract Labor 40,000.00 (16,667.00) 23,333.00 20,877.54 89.48 2,455.46 10‐5191‐45‐00 Hiring Cost 117.07 ‐ (117.07) 10‐5210‐45‐00 Supplies 2,000.00 2,000.00 3,182.16 159.11 (1,182.16) 10‐5212‐45‐00 Building Supplies 500.00 500.00 98.26 98.26 19.65 401.74 10‐5220‐45‐00 Office Equipment 1,000.00 1,000.00 1,732.58 173.26 (732.58) 10‐5230‐45‐00 Dues,Fees,& Subscriptions 5,600.00 5,600.00 3,497.99 62.46 2,102.01 10‐5240‐45‐00 Postage and Delivery 400.00 400.00 ‐ 400.00 10‐5250‐45‐00 Publications 187.20 ‐ (187.20) 10‐5280‐45‐00 Printing and Reproduction 80.51 ‐ (80.51) 10‐5281‐45‐00 Book Purchases 12,000.00 12,000.00 9,766.25 1,325.22 81.39 2,233.75 10‐5400‐45‐00 Uniform Expense 72.00 72.00 ‐ (72.00) 10‐5418‐45‐00 IT Fees 375.00 375.00 ‐ 375.00 10‐5430‐45‐00 Legal Fees 171.00 ‐ (171.00) 10‐5480‐45‐00 Contracted Services 2,652.00 2,652.00 ‐ 2,652.00 10‐5520‐45‐00 Telephones 540.00 540.00 263.85 48.86 276.15 10‐5525‐45‐00 Electricity 5,500.00 5,500.00 ‐ 5,500.00 10‐5526‐45‐00 Data Network 96.81 ‐ (96.81) 10‐5530‐45‐00 Travel 700.00 700.00 1,476.02 240.12 210.86 (776.02) 10‐5533‐45‐00 Mileage Expense 600.00 600.00 96.74 38.08 16.12 503.26 22
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5536‐45‐00 Training/Seminars 500.00 500.00 250.00 50.00 250.00 10‐5600‐45‐00 Special Events 600.00 600.00 117.46 19.58 482.54 10‐5640‐45‐00 Signs & Hardware 975.00 975.00 ‐ (975.00) Subtotal object ‐ 0 98,041.00 17,295.00 115,336.00 84,120.26 8,977.41 72.94 31,215.74 Program number: 98,041.00 17,295.00 115,336.00 84,120.26 8,977.41 72.94 31,215.74 Department number: 45 Public Library 98,041.00 17,295.00 115,336.00 84,120.26 8,977.41 72.94 31,215.74 10‐5110‐60‐00 Salaries & Wages 590,082.00 (24,222.00) 565,860.00 470,870.46 44,492.14 83.21 94,989.54 10‐5115‐60‐00 Salaries ‐ Overtime 9,000.00 1,600.00 10,600.00 12,737.50 1,107.16 120.17 (2,137.50) 10‐5126‐60‐00 Salaries‐Vacation Buy‐Out 772.00 ‐ (772.00) 10‐5140‐60‐00 Salaries ‐ Longevity Pay 2,583.00 1,572.00 4,155.00 1,735.00 41.76 2,420.00 10‐5145‐60‐00 Social Security Expense 29,871.00 29,871.00 28,168.65 2,617.32 94.30 1,702.35 10‐5150‐60‐00 Medicare Expense 6,986.00 6,986.00 6,587.85 612.12 94.30 398.15 10‐5155‐60‐00 SUTA Expense 482.00 933.00 1,415.00 1,489.06 105.23 (74.06) 10‐5160‐60‐00 Health Insurance 75,912.00 75,912.00 62,158.85 12,670.38 81.88 13,753.15 10‐5165‐60‐00 Dental Insurance 5,061.00 5,061.00 3,072.17 332.28 60.70 1,988.83 10‐5170‐60‐00 Life Insurance/AD&D 1,057.00 1,057.00 1,067.74 110.32 101.02 (10.74) 10‐5175‐60‐00 Liability (TML) Workers Comp 610.00 4,958.00 5,568.00 5,568.06 100.00 (0.06) 10‐5180‐60‐00 TMRS Expense 63,175.00 63,175.00 52,232.93 4,923.70 82.68 10,942.07 10‐5185‐60‐00 Long Term/Short Term Disabilit 876.00 876.00 975.69 209.36 111.38 (99.69) 10‐5186‐60‐00 WELLE‐Wellness Prog Reimb Empl 4,620.00 4,620.00 2,560.25 245.00 55.42 2,059.75 10‐5191‐60‐00 Hiring Cost 384.00 384.00 383.29 99.82 0.71 10‐5210‐60‐00 Office Supplies 1,500.00 800.00 2,300.00 2,041.44 38.78 88.76 258.56 10‐5212‐60‐00 Building Supplies 1,500.00 1,500.00 32.73 2.18 1,467.27 10‐5220‐60‐00 Office Equipment 5,560.00 850.00 6,410.00 6,407.65 1,321.68 99.96 2.35 10‐5230‐60‐00 Dues,Fees,& Subscriptions 2,850.00 (850.00) 2,000.00 998.31 49.92 1,001.69 10‐5240‐60‐00 Postage and Delivery 175.00 175.00 40.82 23.33 134.18 10‐5280‐60‐00 Printing and Reproduction 300.00 250.00 550.00 369.97 67.27 180.03 10‐5290‐60‐00 Miscellaneous Expense 1,500.00 (1,500.00) ‐ 10‐5310‐60‐00 Rental Expense 22,000.00 2,300.00 24,300.00 22,986.56 2,311.56 94.60 1,313.44 10‐5320‐60‐00 Repairs & Maintenance 424,500.00 (23,024.00) 401,476.00 201,485.54 31,332.07 50.19 199,990.46 10‐5350‐60‐00 Vehicle Expense 4,500.00 900.00 5,400.00 5,362.48 1,049.91 99.31 37.52 10‐5352‐60‐00 Fuel 17,000.00 17,000.00 12,516.30 2,027.63 73.63 4,483.70 10‐5353‐60‐00 Oil/Grease/Inspections 2,000.00 2,000.00 858.42 29.44 42.92 1,141.58 10‐5400‐60‐00 Uniform Expense 5,700.00 1,600.00 7,300.00 6,641.64 87.99 90.98 658.36 10‐5410‐60‐00 Professional Services 125,000.00 125,000.00 26,081.07 20.87 98,918.93 10‐5418‐60‐00 IT Fees 3,100.00 3,100.00 2,465.91 578.80 79.55 634.09 10‐5419‐60‐00 IT Licenses 450.00 450.00 328.20 72.93 121.80 10‐5430‐60‐00 Legal Fees 2,000.00 3,000.00 5,000.00 5,643.00 228.00 112.86 (643.00) 10‐5435‐60‐00 Legal Notices/Filings 53.40 ‐ (53.40) 10‐5480‐60‐00 Contracted Services 154,800.00 154,800.00 99,803.45 19,037.00 64.47 54,996.55 10‐5520‐60‐00 Telephones 8,300.00 8,300.00 6,888.43 82.99 1,411.57 10‐5521‐60‐00 Cell Phone Expense 5,900.00 (5,900.00) ‐ 10‐5525‐60‐00 Electricity 88,000.00 6,900.00 94,900.00 81,508.01 1,770.21 85.89 13,391.99 10‐5526‐60‐00 Data Network 1,700.00 1,700.00 844.80 84.48 49.69 855.20 10‐5530‐60‐00 Travel/Lodging/Meals Expense 3,800.00 3,800.00 477.91 6.49 12.58 3,322.09 10‐5533‐60‐00 Mileage Expense 2,000.00 2,000.00 1,344.11 86.91 67.21 655.89 10‐5536‐60‐00 Training/Seminars 6,750.00 (900.00) 5,850.00 851.05 14.55 4,998.95 23
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5600‐60‐00 Special Events 49,700.00 49,700.00 30,626.99 1,068.25 61.62 19,073.01 10‐5620‐60‐00 Tools & Equipment 10,700.00 10,700.00 6,093.54 706.80 56.95 4,606.46 10‐5630‐60‐00 Safety Equipment 1,600.00 200.00 1,800.00 1,550.81 86.16 249.19 10‐5640‐60‐00 Signs & Hardware 2,800.00 2,800.00 685.50 120.00 24.48 2,114.50 10‐6140‐60‐00 Capital Expenditure ‐ Equipmen 10,699.00 10,699.00 10,699.18 100.00 (0.18) 10‐6160‐60‐00 Capital Expenditure ‐ Vehicles 52,000.00 52,000.00 40,655.83 78.18 11,344.17 Subtotal object ‐ 0 1,778,550.00 1,778,550.00 1,226,722.55 129,205.78 68.97 551,827.45 Program number: 1,778,550.00 1,778,550.00 1,226,722.55 129,205.78 68.97 551,827.45 Department number: 60 Parks and Recreation 1,778,550.00 1,778,550.00 1,226,722.55 129,205.78 68.97 551,827.45 10‐5110‐70‐00 Salaries & Wages 93,902.00 93,902.00 76,173.20 7,198.18 81.12 17,728.80 10‐5115‐70‐00 Salaries ‐ Overtime 77,027.00 (77,027.00) 146.25 ‐ (146.25) 10‐5128‐70‐00 Language Pay 450.00 ‐ (450.00) 10‐5140‐70‐00 Salaries ‐ Longevity Pay 185.00 185.00 ‐ 185.00 10‐5145‐70‐00 Social Security Expense 4,787.00 1,050.00 5,837.00 4,474.29 418.21 76.65 1,362.71 10‐5150‐70‐00 Medicare Expense 1,120.00 250.00 1,370.00 1,046.41 97.81 76.38 323.59 10‐5155‐70‐00 SUTA Expense 77.00 77.00 421.57 27.94 547.49 (344.57) 10‐5160‐70‐00 Health Insurance 5,400.00 5,400.00 5,502.50 1,054.76 101.90 (102.50) 10‐5165‐70‐00 Dental Insurance 360.00 360.00 255.55 25.56 70.99 104.45 10‐5170‐70‐00 Life Insurance/AD&D 114.00 114.00 82.86 7.88 72.68 31.14 10‐5175‐70‐00 Liability (TML) Workers Comp 98.00 98.00 119.93 122.38 (21.93) 10‐5180‐70‐00 TMRS Expense 8,107.00 8,107.00 8,102.95 773.08 99.95 4.05 10‐5185‐70‐00 Long Term/Short Term Disabilit 143.00 143.00 151.00 30.20 105.59 (8.00) 10‐5186‐70‐00 WELLE‐Wellness Prog Reimb Empl 420.00 420.00 ‐ 420.00 10‐5190‐70‐00 Contract Labor 4,800.00 4,800.00 3,850.00 500.00 80.21 950.00 10‐5191‐70‐00 Hiring Cost 43.33 ‐ (43.33) 10‐5210‐70‐00 Office Supplies 1,500.00 1,500.00 2,282.31 84.55 152.15 (782.31) 10‐5212‐70‐00 Building Supplies 1,000.00 1,000.00 1,094.94 100.12 109.49 (94.94) 10‐5220‐70‐00 Office Equipment 232.03 ‐ (232.03) 10‐5230‐70‐00 Dues,Fees,& Subscriptions 330.00 330.00 40.00 12.12 290.00 10‐5240‐70‐00 Postage and Delivery 1,000.00 1,000.00 623.89 232.09 62.39 376.11 10‐5250‐70‐00 Publications 100.00 100.00 84.34 84.34 15.66 10‐5280‐70‐00 Printing and Reproduction 1,000.00 1,000.00 1,384.54 138.45 (384.54) 10‐5310‐70‐00 Rental Expense 24,000.00 24,000.00 22,456.61 1,995.51 93.57 1,543.39 10‐5400‐70‐00 Uniform Expense 60.00 60.00 ‐ 60.00 10‐5418‐70‐00 IT Fees 500.00 500.00 3,278.00 655.60 (2,778.00) 10‐5420‐70‐00 Municipal Court/Judge Fees 9,600.00 9,600.00 8,426.22 750.00 87.77 1,173.78 10‐5425‐70‐00 State Fines Expense 106,800.00 (37,475.00) 69,325.00 37,424.85 139.58 53.99 31,900.15 10‐5430‐70‐00 Legal Fees 35,784.13 7,044.15 ‐ (35,784.13) 10‐5480‐70‐00 Contracted Services 2,000.00 2,000.00 335.00 30.00 16.75 1,665.00 10‐5481‐70‐00 Cash Over/Short (5.00) ‐ 5.00 10‐5520‐70‐00 Telephones 300.00 300.00 1,408.17 226.20 469.39 (1,108.17) 10‐5524‐70‐00 Gas‐Building 900.00 900.00 493.80 82.04 54.87 406.20 10‐5525‐70‐00 Electricity 2,000.00 2,000.00 742.10 37.11 1,257.90 10‐5530‐70‐00 Travel/Lodging/Meals Expense 800.00 800.00 ‐ 800.00 10‐5533‐70‐00 Mileage Expense 1,500.00 1,500.00 ‐ 1,500.00 10‐5536‐70‐00 Training/Seminars 1,000.00 1,000.00 ‐ 1,000.00 Subtotal object ‐ 0 257,028.00 (19,300.00) 237,728.00 216,905.77 20,817.86 91.24 20,822.23 24
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudgetProgram number: 257,028.00 (19,300.00) 237,728.00 216,905.77 20,817.86 91.24 20,822.23 Department number: 70 Municipal Court 257,028.00 (19,300.00) 237,728.00 216,905.77 20,817.86 91.24 20,822.23 10‐5110‐80‐00 Salaries & Wages 441,348.00 (2,000.00) 439,348.00 322,582.52 33,389.20 73.42 116,765.48 10‐5115‐80‐00 Salaries ‐ Overtime 8,000.00 6,000.00 14,000.00 9,685.19 781.09 69.18 4,314.81 10‐5140‐80‐00 Salaries ‐ Longevity Pay 2,359.00 2,359.00 1,540.00 65.28 819.00 10‐5141‐80‐00 Salaries ‐ Incentive 3,234.00 3,234.00 250.00 7.73 2,984.00 10‐5145‐80‐00 Social Security Expense 25,434.00 25,434.00 19,482.32 1,887.87 76.60 5,951.68 10‐5150‐80‐00 Medicare Expense 5,948.00 5,948.00 4,556.36 441.54 76.60 1,391.64 10‐5155‐80‐00 SUTA Expense 451.00 451.00 714.75 158.48 (263.75) 10‐5160‐80‐00 Health Insurance 48,600.00 48,600.00 32,553.13 4,170.57 66.98 16,046.87 10‐5165‐80‐00 Dental Insurance 3,240.00 3,240.00 1,573.50 204.48 48.57 1,666.50 10‐5170‐80‐00 Life Insurance/AD&D 914.00 914.00 591.25 63.04 64.69 322.75 10‐5175‐80‐00 Liability (TML) Workers Comp 580.00 1,108.00 1,688.00 1,687.55 99.97 0.45 10‐5180‐80‐00 TMRS Expense 47,769.00 47,769.00 35,825.30 3,677.41 75.00 11,943.70 10‐5185‐80‐00 Long Term/Short Term Disabilit 830.00 830.00 598.44 116.66 72.10 231.56 10‐5186‐80‐00 WELLE‐Wellness Prog Reimb Empl 3,360.00 3,360.00 1,372.00 70.00 40.83 1,988.00 10‐5190‐80‐00 Contract Labor 1,200.00 1,200.00 1,440.00 120.00 120.00 (240.00) 10‐5191‐80‐00 Hiring Cost 60.00 445.00 505.00 652.06 129.12 (147.06) 10‐5210‐80‐00 Office Supplies 7,000.00 7,000.00 5,858.34 561.08 83.69 1,141.66 10‐5212‐80‐00 Building Supplies 500.00 500.00 532.75 106.55 (32.75) 10‐5220‐80‐00 Office Equipment 13,000.00 13,000.00 12,570.44 297.00 96.70 429.56 10‐5230‐80‐00 Dues,Fees,& Subscriptions 67,350.00 4,450.00 71,800.00 51,100.00 3,375.00 71.17 20,700.00 10‐5240‐80‐00 Postage and Delivery 50.00 50.00 ‐ 50.00 10‐5280‐80‐00 Printing and Reproduction 2,000.00 2,000.00 1,543.00 77.15 457.00 10‐5320‐80‐00 Repairs & Maintenance 1,000.00 1,000.00 ‐ 1,000.00 10‐5340‐80‐00 Building Repairs 150.00 150.00 70.25 46.83 79.75 10‐5350‐80‐00 Vehicle Expense 1,500.00 4,100.00 5,600.00 5,508.66 813.79 98.37 91.34 10‐5352‐80‐00 Fuel 12,000.00 (6,553.00) 5,447.00 5,574.69 798.71 102.34 (127.69) 10‐5353‐80‐00 Oil/Grease/Inspections 2,400.00 (950.00) 1,450.00 318.77 44.58 21.98 1,131.23 10‐5400‐80‐00 Uniform Expense 2,700.00 2,700.00 1,125.50 958.00 41.69 1,574.50 10‐5415‐80‐00 Tuition Reimbursement 5,100.00 (5,100.00) ‐ 10‐5418‐80‐00 IT Fees 4,000.00 4,000.00 2,269.00 360.00 56.73 1,731.00 10‐5419‐80‐00 IT Licenses 125.00 125.00 ‐ (125.00) 10‐5430‐80‐00 Legal Fees 4,000.00 4,000.00 2,888.00 570.00 72.20 1,112.00 10‐5465‐80‐00 Public Relations 500.00 500.00 ‐ 500.00 10‐5480‐80‐00 Contracted Services 750.00 3,500.00 4,250.00 6,988.49 3,188.39 164.44 (2,738.49) 10‐5520‐80‐00 Telephones 1,500.00 2,880.00 4,380.00 2,973.75 67.89 1,406.25 10‐5521‐80‐00 Cell Phone Expense 2,880.00 (2,880.00) ‐ 10‐5525‐80‐00 Electricity 6,500.00 6,500.00 4,510.21 69.39 1,989.79 10‐5526‐80‐00 Data Network 3,200.00 3,200.00 2,583.32 227.94 80.73 616.68 10‐5530‐80‐00 Travel/Lodging/Meals Expense 600.00 600.00 74.02 12.34 525.98 10‐5533‐80‐00 Mileage Expense 6,000.00 (5,000.00) 1,000.00 427.33 42.73 572.67 10‐5536‐80‐00 Training/Seminars 7,975.00 7,975.00 3,681.00 46.16 4,294.00 10‐5630‐80‐00 Safety Equipment 800.00 800.00 529.97 66.25 270.03 10‐6110‐80‐00 Capital Expenditure 30,000.00 30,000.00 31,201.77 104.01 (1,201.77) 10‐6160‐80‐00 Capital Expenditure ‐ Vehicles 20,000.00 20,000.00 15,411.72 77.06 4,588.28 Subtotal object ‐ 0 796,782.00 796,782.00 592,970.35 56,241.35 74.42 203,811.65 25
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudgetProgram number: 796,782.00 796,782.00 592,970.35 56,241.35 74.42 203,811.65 Department number: 80 Inspections 796,782.00 796,782.00 592,970.35 56,241.35 74.42 203,811.65 10‐5110‐85‐00 Salaries & Wages 47,312.00 47,312.00 41,474.37 3,640.00 87.66 5,837.63 10‐5115‐85‐00 Salaries ‐ Overtime 1,500.00 1,500.00 713.25 47.55 786.75 10‐5140‐85‐00 Salaries ‐ Longevity Pay 387.00 387.00 205.00 52.97 182.00 10‐5141‐85‐00 Salaries ‐ Incentive 750.00 750.00 1,000.00 133.33 (250.00) 10‐5145‐85‐00 Social Security Expense 3,097.00 3,097.00 2,652.84 215.11 85.66 444.16 10‐5150‐85‐00 Medicare Expense 724.00 724.00 620.42 50.31 85.69 103.58 10‐5155‐85‐00 SUTA Expense 50.00 50.00 (45.00) (90.00) 95.00 10‐5160‐85‐00 Health Insurance 5,400.00 5,400.00 3,460.25 245.56 64.08 1,939.75 10‐5165‐85‐00 Dental Insurance 360.00 360.00 253.68 25.56 70.47 106.32 10‐5170‐85‐00 Life Insurance/AD&D 106.00 106.00 82.35 7.88 77.69 23.65 10‐5175‐85‐00 Liability (TML) Workers' Comp 63.00 177.00 240.00 239.85 99.94 0.15 10‐5180‐85‐00 TMRS Expense 5,244.00 5,244.00 4,661.17 390.94 88.89 582.83 10‐5185‐85‐00 Long Term/Short Term Disabilit 88.00 88.00 92.80 18.56 105.46 (4.80) 10‐5186‐85‐00 WELLE‐Wellness Prog Reimb Empl 420.00 420.00 330.75 78.75 89.25 10‐5190‐85‐00 Contract Labor 15,000.00 (12,000.00) 3,000.00 ‐ 3,000.00 10‐5210‐85‐00 Office Supplies 500.00 500.00 364.32 72.86 135.68 10‐5212‐85‐00 Building Supplies 13.09 ‐ (13.09) 10‐5230‐85‐00 Dues,Fees,& Subscriptions 200.00 150.00 350.00 266.00 76.00 84.00 10‐5240‐85‐00 Postage and Delivery 400.00 400.00 4.90 1.23 395.10 10‐5280‐85‐00 Printing and Reproduction 1,200.00 1,200.00 ‐ 1,200.00 10‐5350‐85‐00 Vehicle Expense 500.00 500.00 30.70 6.14 469.30 10‐5352‐85‐00 Fuel 1,000.00 800.00 1,800.00 1,285.49 151.40 71.42 514.51 10‐5353‐85‐00 Oil/Grease/Inspections 100.00 100.00 ‐ 100.00 10‐5400‐85‐00 Uniform Expense 200.00 200.00 220.78 130.80 110.39 (20.78) 10‐5418‐85‐00 IT Fees 111.00 111.00 111.00 100.00 10‐5430‐85‐00 Legal Fees 8,000.00 (1,655.00) 6,345.00 959.00 15.11 5,386.00 10‐5435‐85‐00 Legal Notices/Filings 500.00 500.00 152.25 30.45 347.75 10‐5480‐85‐00 Contracted Services 68,000.00 12,000.00 80,000.00 72,007.00 1,025.00 90.01 7,993.00 10‐5520‐85‐00 Telephones 300.00 500.00 800.00 413.60 51.70 386.40 10‐5521‐85‐00 Cell Phone Expense 500.00 (500.00) ‐ 10‐5526‐85‐00 Data Network 303.92 37.99 ‐ (303.92) 10‐5536‐85‐00 Training/Seminars 500.00 500.00 310.00 62.00 190.00 10‐5600‐85‐00 Special Events 1,000.00 1,000.00 148.26 14.83 851.74 10‐5620‐85‐00 Tools & Equipment 250.00 250.00 73.90 29.56 176.10 10‐5640‐85‐00 Signs & Hardware 500.00 417.00 917.00 1,856.56 202.46 (939.56) Subtotal object ‐ 0 164,151.00 164,151.00 134,262.50 5,939.11 81.79 29,888.50 Program number: 164,151.00 164,151.00 134,262.50 5,939.11 81.79 29,888.50 Department number: 85 Code Enforcement 164,151.00 164,151.00 134,262.50 5,939.11 81.79 29,888.50 10‐5110‐90‐00 Salaries & Wages 213,259.00 213,259.00 186,275.33 21,268.44 87.35 26,983.67 10‐5115‐90‐00 Salaries ‐ Overtime 500.00 500.00 292.79 227.11 58.56 207.21 10‐5126‐90‐00 Salaries‐Vacation Buy‐Out 3,938.92 ‐ (3,938.92) 10‐5140‐90‐00 Salaries ‐ Longevity Pay 1,059.00 1,059.00 740.00 69.88 319.00 10‐5141‐90‐00 Salaries ‐ Incentive 1,000.00 1,000.00 ‐ 1,000.00 10‐5145‐90‐00 Social Security Expense 13,381.00 13,381.00 11,156.71 1,297.16 83.38 2,224.29 10‐5150‐90‐00 Medicare Expense 3,129.00 3,129.00 2,609.23 303.37 83.39 519.77 26
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5155‐90‐00 SUTA Expense 216.00 216.00 165.40 76.57 50.60 10‐5160‐90‐00 Health Insurance 16,408.00 16,408.00 16,182.57 1,504.58 98.63 225.43 10‐5165‐90‐00 Dental Insurance 1,094.00 1,094.00 674.43 38.34 61.65 419.57 10‐5170‐90‐00 Life Insurance/AD&D 318.00 318.00 219.46 11.82 69.01 98.54 10‐5175‐90‐00 Liability (TML) Workers Comp 273.00 211.00 484.00 483.14 99.82 0.86 10‐5180‐90‐00 TMRS Expense 22,661.00 22,661.00 20,525.69 2,314.27 90.58 2,135.31 10‐5185‐90‐00 Long Term/Short Term Disabilit 397.00 397.00 387.56 66.36 97.62 9.44 10‐5186‐90‐00 WELLE‐Wellness Prog Reimb Empl 1,260.00 1,260.00 974.75 52.50 77.36 285.25 10‐5190‐90‐00 Contract Labor 1,300.00 1,300.00 1,440.00 120.00 110.77 (140.00) 10‐5191‐90‐00 Hiring Cost 50.00 50.00 43.32 40.00 86.64 6.68 10‐5210‐90‐00 Office Supplies 3,500.00 3,500.00 2,741.54 326.56 78.33 758.46 10‐5212‐90‐00 Building Supplies 250.00 250.00 ‐ 250.00 10‐5230‐90‐00 Dues,Fees,& Subscriptions 5,000.00 5,000.00 969.90 19.40 4,030.10 10‐5240‐90‐00 Postage and Delivery 200.00 200.00 ‐ 200.00 10‐5280‐90‐00 Printing and Reproduction 80.51 80.51 ‐ (80.51) 10‐5400‐90‐00 Uniform Expense 300.00 300.00 100.80 100.80 33.60 199.20 10‐5410‐90‐00 Professional Services 132,000.00 8,000.00 140,000.00 90,307.12 11,950.00 64.51 49,692.88 10‐5415‐90‐00 Tuition Reimbursement 5,000.00 (5,000.00) ‐ 10‐5418‐90‐00 IT Fees 260.50 ‐ (260.50) 10‐5430‐90‐00 Legal Fees 50,000.00 (3,211.00) 46,789.00 12,814.04 2,203.00 27.39 33,974.96 10‐5435‐90‐00 Legal Notices/Filings 1,500.00 1,500.00 322.00 21.47 1,178.00 10‐5520‐90‐00 Telephones 3,300.00 2,400.00 5,700.00 1,950.56 34.22 3,749.44 10‐5521‐90‐00 Cell Phone Expense 2,400.00 (2,400.00) ‐ 10‐5526‐90‐00 Data Network 8,250.00 8,250.00 2,676.77 135.89 32.45 5,573.23 10‐5530‐90‐00 Travel/Lodging/Meals Expense 2,000.00 2,000.00 621.81 115.32 31.09 1,378.19 10‐5533‐90‐00 Mileage Expense 1,500.00 1,500.00 147.71 9.85 1,352.29 10‐5536‐90‐00 Training/Seminars 4,000.00 4,000.00 1,256.15 280.00 31.40 2,743.85 10‐5640‐90‐00 Signs & Hardware 560.00 ‐ (560.00) Subtotal object ‐ 0 495,505.00 495,505.00 360,918.71 42,436.03 72.84 134,586.29 Program number: 495,505.00 495,505.00 360,918.71 42,436.03 72.84 134,586.29 Department number: 90 Planning 495,505.00 495,505.00 360,918.71 42,436.03 72.84 134,586.29 10‐5110‐98‐00 Salaries & Wages 354,304.00 (6,500.00) 347,804.00 275,866.03 25,638.66 79.32 71,937.97 10‐5126‐98‐00 Salaries‐Vacation Buy‐Out 5,126.44 ‐ (5,126.44) 10‐5140‐98‐00 Salaries ‐ Longevity Pay 749.00 749.00 440.00 58.75 309.00 10‐5141‐98‐00 Salaries ‐ Incentive 300.00 300.00 ‐ 300.00 10‐5143‐98‐00 Cell Phone Allowance 810.00 90.00 ‐ (810.00) 10‐5145‐98‐00 Social Security Expense 22,032.00 22,032.00 15,542.54 1,422.99 70.55 6,489.46 10‐5150‐98‐00 Medicare Expense 5,153.00 5,153.00 3,739.08 332.80 72.56 1,413.92 10‐5155‐98‐00 SUTA Expense 355.00 355.00 385.68 108.64 (30.68) 10‐5160‐98‐00 Health Insurance 16,408.00 16,408.00 20,887.29 4,070.40 127.30 (4,479.29) 10‐5165‐98‐00 Dental Insurance 1,094.00 1,094.00 726.05 76.68 66.37 367.95 10‐5170‐98‐00 Life Insurance/AD&D 342.00 342.00 314.52 44.12 91.97 27.48 10‐5175‐98‐00 Liability (TML) Workers Comp 450.00 450.00 227.01 50.45 222.99 10‐5180‐98‐00 TMRS Expense 37,312.00 37,312.00 30,202.74 2,767.02 80.95 7,109.26 10‐5185‐98‐00 Long Term/Short Term Disabilit 660.00 660.00 603.26 130.70 91.40 56.74 10‐5186‐98‐00 WELLE‐Wellness Prog Reimb Empl 1,260.00 1,260.00 365.75 35.00 29.03 894.25 10‐5191‐98‐00 Hiring Cost 80.00 80.00 80.00 100.00 27
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 10‐5210‐98‐00 Office Supplies 800.00 1,500.00 2,300.00 2,001.94 120.33 87.04 298.06 10‐5212‐98‐00 Building Supplies 350.00 350.00 135.11 38.60 214.89 10‐5220‐98‐00 Office Equipment 830.00 830.00 830.50 100.06 (0.50) 10‐5230‐98‐00 Dues,Fees,& Subscriptions 900.00 900.00 726.72 80.75 173.28 10‐5240‐98‐00 Postage and Delivery 20.00 20.00 40.00 258.29 645.73 (218.29) 10‐5250‐98‐00 Publications 83.00 83.00 83.00 100.00 10‐5280‐98‐00 Printing and Reproduction 79.00 79.00 78.51 99.38 0.49 10‐5290‐98‐00 Miscellaneous Expense 62.00 62.00 62.02 100.03 (0.02) 10‐5350‐98‐00 Vehicle Expense 521.00 521.00 520.92 99.99 0.08 10‐5400‐98‐00 Uniform Expense 100.00 100.00 96.00 96.00 4.00 10‐5418‐98‐00 IT Fees 250.00 250.00 241.00 96.40 9.00 10‐5419‐98‐00 IT Licenses 563.00 563.00 890.80 158.22 (327.80) 10‐5430‐98‐00 Legal Fees 8,500.00 (1,500.00) 7,000.00 10,893.83 1,178.00 155.63 (3,893.83) 10‐5435‐98‐00 Legal Notices/Filings 2,000.00 2,000.00 2,036.26 101.81 (36.26) 10‐5520‐98‐00 Telephones 3,060.00 3,060.00 2,742.08 89.61 317.92 10‐5521‐98‐00 Cell Phone Expense 3,060.00 (3,060.00) ‐ 10‐5524‐98‐00 Gas‐Building 1,608.00 1,608.00 1,428.83 88.86 179.17 10‐5525‐98‐00 Electricity 700.00 700.00 674.12 96.30 25.88 10‐5530‐98‐00 Travel/Lodging/Meals Expense 3,250.00 (1,500.00) 1,750.00 576.88 32.97 1,173.12 10‐5533‐98‐00 Mileage Expense 2,500.00 (1,200.00) 1,300.00 1,099.19 333.45 84.55 200.81 10‐5536‐98‐00 Training/Seminars 7,000.00 (3,846.00) 3,154.00 838.49 26.59 2,315.51 10‐6110‐98‐00 Capital Expenditure 20,000.00 6,500.00 26,500.00 25,574.18 96.51 925.82 Subtotal object ‐ 0 487,149.00 487,149.00 407,105.06 36,240.15 83.57 80,043.94 Program number: 487,149.00 487,149.00 407,105.06 36,240.15 83.57 80,043.94 Department number: 98 Engineering 487,149.00 487,149.00 407,105.06 36,240.15 83.57 80,043.94 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 12,457,760.00 (2,005.00) 12,455,755.00 9,489,543.41 884,817.70 76.19 2,966,211.59 Fund number: 10 General 696,443.00 (2,005.00) 694,438.00 (2,547,252.95) 205,682.60 ‐‐‐3,241,690.95 20‐4005‐50‐00 Water Revenue (5,200,000.00) (5,200,000.00) (3,962,125.39) (431,111.43) 76.20 (1,237,874.61) 20‐4010‐50‐00 Water Tap & Construction (300,000.00) (300,000.00) (470,596.35) (55,613.50) 156.87 170,596.35 20‐4012‐50‐00 Saturday Inspection Fee (2,500.00) (2,500.00) (5,250.00) 210.00 2,750.00 20‐4018‐50‐00 Internet Cr. Card Fees(Global) (14,000.00) (14,000.00) (17,351.04) (1,768.56) 123.94 3,351.04 20‐4019‐50‐00 Cr. Card Pmt Fees(auth.net) (1,900.00) (1,900.00) (3,430.17) (415.95) 180.54 1,530.17 20‐4060‐50‐00 NSF Fees (1,200.00) (1,200.00) (900.00) (50.00) 75.00 (300.00) 20‐4242‐50‐00 Re‐Inspection Fees (2,000.00) (2,000.00) (1,325.00) (200.00) 66.25 (675.00) 20‐4610‐50‐00 Interest Income (70,000.00) (70,000.00) (60,840.81) (1,374.65) 86.92 (9,159.19) 20‐4910‐50‐00 Other Revenue (80,000.00) (80,000.00) (67,402.06) (4,243.32) 84.25 (12,597.94) Subtotal object ‐ 0 (5,671,600.00) (5,671,600.00) (4,589,220.82) (494,777.41) 80.92 (1,082,379.18) Program number: (5,671,600.00) (5,671,600.00) (4,589,220.82) (494,777.41) 80.92 (1,082,379.18) Department number: 50 Water (5,671,600.00) (5,671,600.00) (4,589,220.82) (494,777.41) 80.92 (1,082,379.18) 20‐4006‐55‐00 Sewer Revenue (2,247,850.00) (2,247,850.00) (2,257,934.52) (206,256.51) 100.45 10,084.52 20‐4010‐55‐00 Sewer Tap & Construction (150,000.00) (150,000.00) (180,261.45) (20,800.00) 120.17 30,261.45 20‐4910‐55‐00 Other Revenue (1,006.43) ‐ 1,006.43 Subtotal object ‐ 0 (2,397,850.00) (2,397,850.00) (2,439,202.40) (227,056.51) 101.73 41,352.40 Program number: (2,397,850.00) (2,397,850.00) (2,439,202.40) (227,056.51) 101.73 41,352.40 Department number: 55 Sewer (2,397,850.00) (2,397,850.00) (2,439,202.40) (227,056.51) 101.73 41,352.40 20‐4000‐57‐00 W/S Service Initiation (50,000.00) (50,000.00) (48,880.00) (5,720.00) 97.76 (1,120.00) 20‐4007‐57‐00 Sanitation (800,000.00) (800,000.00) (821,875.17) (76,054.66) 102.73 21,875.17 28
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 20‐4009‐57‐00 Late Fee‐W/S (56,000.00) (56,000.00) (76,253.86) (7,976.46) 136.17 20,253.86 Subtotal object ‐ 0 (906,000.00) (906,000.00) (947,009.03) (89,751.12) 104.53 41,009.03 Program number: (906,000.00) (906,000.00) (947,009.03) (89,751.12) 104.53 41,009.03 Department number: 57 Utility Billing Department (906,000.00) (906,000.00) (947,009.03) (89,751.12) 104.53 41,009.03 Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (8,975,450.00) (8,975,450.00) (7,975,432.25) (811,585.04) 88.86 (1,000,017.75) 20‐7144‐00‐00 Transfer to Capital Projects 3,000,000.00 3,000,000.00 3,000,000.00 100.00 Subtotal object ‐ 0 3,000,000.00 3,000,000.00 3,000,000.00 100.00 Program number: 3,000,000.00 3,000,000.00 3,000,000.00 100.00 Department number: Non departmental 3,000,000.00 3,000,000.00 3,000,000.00 100.00 20‐5110‐50‐00 Salaries & Wages 525,495.00 525,495.00 469,603.00 46,113.55 89.36 55,892.00 20‐5115‐50‐00 Salaries ‐ Overtime 25,000.00 25,000.00 32,532.61 3,711.26 130.13 (7,532.61) 20‐5140‐50‐00 Salaries ‐ Longevity Pay 2,311.00 2,311.00 1,545.00 66.85 766.00 20‐5141‐50‐00 Salary‐Incentive 250.00 ‐ (250.00) 20‐5145‐50‐00 Social Security Expense 29,526.00 29,526.00 29,686.69 2,826.48 100.54 (160.69) 20‐5150‐50‐00 Medicare Expense 6,905.00 6,905.00 6,942.83 660.99 100.55 (37.83) 20‐5155‐50‐00 SUTA Expense 476.00 476.00 1,195.27 51.82 251.11 (719.27) 20‐5160‐50‐00 Health Insurance 59,400.00 59,400.00 49,850.95 7,032.54 83.92 9,549.05 20‐5165‐50‐00 Dental Insurance 3,544.00 3,544.00 2,795.77 332.28 78.89 748.23 20‐5170‐50‐00 Life Insurance/AD&D 779.00 779.00 1,022.93 102.44 131.31 (243.93) 20‐5175‐50‐00 Liability (TML) Workers' Comp 603.00 603.00 10,635.84 ‐‐‐(10,032.84) 20‐5176‐50‐00 TML Prop. & Liab Insurance 35,000.00 35,000.00 26,708.60 76.31 8,291.40 20‐5180‐50‐00 TMRS Expense 58,045.00 58,045.00 53,401.80 5,131.78 92.00 4,643.20 20‐5185‐50‐00 Long Term/Short Term Disabilit 767.00 767.00 998.44 219.78 130.18 (231.44) 20‐5186‐50‐00 WELLE‐Wellness Prog Reimb‐Empl 3,780.00 3,780.00 2,490.25 210.00 65.88 1,289.75 20‐5190‐50‐00 Contract Labor 15,000.00 15,000.00 ‐ 15,000.00 20‐5191‐50‐00 Hiring Cost 540.00 8.00 548.00 684.72 124.95 (136.72) 20‐5210‐50‐00 Office Supplies 3,000.00 3,000.00 1,229.57 111.14 40.99 1,770.43 20‐5212‐50‐00 Building Supplies 1,500.00 1,500.00 3,000.00 2,298.21 76.61 701.79 20‐5220‐50‐00 Office Equipment 10,500.00 10,500.00 2,530.00 24.10 7,970.00 20‐5230‐50‐00 Dues,Fees,& Subscriptions 12,444.00 12,444.00 755.91 6.07 11,688.09 20‐5240‐50‐00 Postage and Delivery 24,000.00 (2,204.00) 21,796.00 ‐ 21,796.00 20‐5250‐50‐00 Publications 50.00 50.00 ‐ 50.00 20‐5280‐50‐00 Printing and Reproduction 8,200.00 8,200.00 1,384.05 16.88 6,815.95 20‐5290‐50‐00 Miscellaneous Expense 296.00 296.00 296.20 100.07 (0.20) 20‐5310‐50‐00 Rental Expense 5,000.00 5,000.00 1,033.21 277.88 20.66 3,966.79 20‐5320‐50‐00 Repairs & Maintenance 3,500.00 3,500.00 886.82 25.34 2,613.18 20‐5340‐50‐00 Building Repairs 3,900.00 3,900.00 2,128.29 110.00 54.57 1,771.71 20‐5350‐50‐00 Vehicle Expense 25,000.00 25,000.00 20,643.89 2,209.53 82.58 4,356.11 20‐5352‐50‐00 Fuel 36,500.00 36,500.00 25,877.18 3,204.11 70.90 10,622.82 20‐5353‐50‐00 Oil/Grease/Inspections 2,400.00 2,400.00 554.36 23.10 1,845.64 20‐5400‐50‐00 Uniform Expense 11,100.00 11,100.00 8,700.94 78.39 2,399.06 20‐5410‐50‐00 Professional Services 5,000.00 5,000.00 ‐ 5,000.00 20‐5412‐50‐00 Audit Fees 1,000.00 1,000.00 ‐ 1,000.00 20‐5416‐50‐00 Engineering Fees 7,000.00 7,000.00 ‐ 7,000.00 20‐5418‐50‐00 IT Fees 23,000.00 68,900.00 91,900.00 13,961.74 1,105.00 15.19 77,938.26 20‐5419‐50‐00 IT Licenses 1,200.00 1,200.00 328.20 27.35 871.80 20‐5430‐50‐00 Legal Fees 2,000.00 2,000.00 646.00 32.30 1,354.00 29
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 20‐5435‐50‐00 Legal Notices/Filings 1,000.00 1,000.00 51.80 5.18 948.20 20‐5475‐50‐00 Credit Card Fees 16,000.00 16,000.00 19,761.64 179.30 123.51 (3,761.64) 20‐5480‐50‐00 Contracted Services 94,800.00 (30,000.00) 64,800.00 24,215.95 12,359.38 37.37 40,584.05 20‐5520‐50‐00 Telephones 6,300.00 9,320.00 15,620.00 8,356.26 427.44 53.50 7,263.74 20‐5521‐50‐00 Cell Phone Expense 9,320.00 (9,320.00) ‐ 20‐5524‐50‐00 Gas‐Building 2,500.00 400.00 2,900.00 2,423.29 60.00 83.56 476.71 20‐5525‐50‐00 Electricity 200,000.00 (13,900.00) 186,100.00 116,058.05 27,346.43 62.36 70,041.95 20‐5526‐50‐00 Data Network 6,800.00 6,800.00 1,173.92 17.26 5,626.08 20‐5530‐50‐00 Travel/Lodging/Meals Expense 1,000.00 1,000.00 610.78 61.08 389.22 20‐5533‐50‐00 Mileage Expense 2,700.00 2,700.00 331.98 12.30 2,368.02 20‐5536‐50‐00 Training/Seminars 7,200.00 7,200.00 3,639.00 50.54 3,561.00 20‐5540‐50‐00 Water Testing 3,000.00 3,000.00 399.01 13.30 2,600.99 20‐5545‐50‐00 Meter Purchases 220,500.00 220,500.00 186,144.28 51,000.00 84.42 34,355.72 20‐5550‐50‐00 Water Purchases 1,902,100.00 1,902,100.00 1,601,962.57 147,712.80 84.22 300,137.43 20‐5620‐50‐00 Tools & Equipment 16,000.00 16,000.00 10,722.72 231.70 67.02 5,277.28 20‐5630‐50‐00 Safety Equipment 11,200.00 11,200.00 7,016.89 470.63 62.65 4,183.11 20‐5640‐50‐00 Signs & Hardware 1,300.00 1,300.00 289.98 22.31 1,010.02 20‐5650‐50‐00 Maintenance Materials 12,000.00 12,000.00 7,780.53 64.84 4,219.47 20‐5660‐50‐00 Chemical Supplies 1,000.00 1,000.00 1,262.35 126.24 (262.35) 20‐5670‐50‐00 System Improvements/Repairs 76,650.00 76,650.00 72,321.97 3,108.02 94.35 4,328.03 20‐6110‐50‐00 Capital Expenditure 215,600.00 (25,000.00) 190,600.00 ‐ 190,600.00 20‐6140‐50‐00 Capital Expenditure ‐ Equipmen 95,000.00 95,000.00 94,675.00 99.66 325.00 20‐6160‐50‐00 Capital Expenditure ‐ Vehicles 22,000.00 22,000.00 19,678.08 89.45 2,321.92 20‐6186‐50‐00 2013 Bond Payment 386,928.00 386,928.00 386,927.78 280,650.00 100.00 0.22 20‐6187‐50‐00 2014 CO Bond Payment 184,517.50 184,517.50 ‐ (184,517.50) 20‐6192‐50‐00 2011 Refd Bond Pmt 278,084.00 278,084.00 278,084.00 8,120.63 100.00 20‐6193‐50‐00 2012 CO Bond Payment 243,200.00 243,200.00 145,920.00 (13,555.00) 60.00 97,280.00 20‐6197‐50‐00 2004 CO Bond Payment 538,408.00 538,408.00 98,703.99 18.33 439,704.01 20‐6198‐50‐00 2006 CO Bond Payment 492,952.00 492,952.00 492,952.21 389,476.11 100.00 (0.21) 20‐6199‐50‐00 2008 CO Bond Payment 119,813.00 119,813.00 119,812.50 33,832.50 100.00 0.50 20‐6200‐50‐00 Bond Administrative Fees 3,000.00 3,000.00 ‐ 3,000.00 20‐7143‐50‐00 Transfer to Internal Serv. Fd 2,160.00 2,160.00 1,980.00 180.00 91.67 180.00 20‐7147‐50‐00 Transfer to GF 494,610.00 494,610.00 453,392.50 41,217.50 91.67 41,217.50 20‐8200‐50‐00 Bond Issuance Costs 181,682.95 (5,659.34) ‐ (181,682.95) Subtotal object ‐ 0 6,436,590.00 6,436,590.00 5,296,448.75 1,235,086.18 82.29 1,140,141.25 Program number: 6,436,590.00 6,436,590.00 5,296,448.75 1,235,086.18 82.29 1,140,141.25 Department number: 50 Water 6,436,590.00 6,436,590.00 5,296,448.75 1,235,086.18 82.29 1,140,141.25 20‐5110‐55‐00 Salaries & Wages 162,724.00 162,724.00 101,612.70 8,853.10 62.45 61,111.30 20‐5115‐55‐00 Salaries ‐ Overtime 10,000.00 10,000.00 5,236.45 116.83 52.37 4,763.55 20‐5140‐55‐00 Salaries ‐ Longevity Pay 950.00 950.00 645.00 67.90 305.00 20‐5145‐55‐00 Social Security Expense 7,604.00 7,604.00 6,243.78 505.90 82.11 1,360.22 20‐5150‐55‐00 Medicare Expense 2,788.00 2,788.00 1,460.23 118.31 52.38 1,327.77 20‐5155‐55‐00 SUTA Expense 123.00 123.00 (74.20) (60.33) 197.20 20‐5160‐55‐00 Health Insurance 21,600.00 21,600.00 11,568.63 1,254.12 53.56 10,031.37 20‐5165‐55‐00 Dental Insurance 1,440.00 1,440.00 761.05 76.68 52.85 678.95 20‐5170‐55‐00 Life Insurance/AD&D 337.00 337.00 247.04 23.64 73.31 89.96 20‐5175‐55‐00 Liability (TML) Workers' Comp 204.00 204.00 5,568.06 ‐‐‐(5,364.06) 30
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 20‐5180‐55‐00 TMRS Expense 18,235.00 18,235.00 11,553.07 970.89 63.36 6,681.93 20‐5185‐55‐00 Long Term/Short Term Disabilit 281.00 281.00 233.91 43.82 83.24 47.09 20‐5186‐55‐00 WELLE‐Wellness Prog Reimb‐Empl 1,680.00 1,680.00 731.50 70.00 43.54 948.50 20‐5191‐55‐00 Hiring Cost 200.00 200.00 ‐ 200.00 20‐5210‐55‐00 Office Supplies 800.00 800.00 503.03 62.88 296.97 20‐5212‐55‐00 Building Supplies 600.00 600.00 543.22 90.54 56.78 20‐5220‐55‐00 Office Equipment 1,200.00 1,200.00 ‐ 1,200.00 20‐5230‐55‐00 Dues,Fees,& Subscriptions 2,222.00 2,222.00 ‐ 2,222.00 20‐5240‐55‐00 Postage and Delivery 1,200.00 1,200.00 ‐ 1,200.00 20‐5250‐55‐00 Publications 100.00 100.00 ‐ 100.00 20‐5260‐55‐00 Advertising 600.00 600.00 ‐ 600.00 20‐5280‐55‐00 Printing and Reproduction 1,000.00 1,000.00 ‐ 1,000.00 20‐5310‐55‐00 Rental Expense 8,000.00 8,000.00 146.15 1.83 7,853.85 20‐5320‐55‐00 Repairs & Maintenance 400.00 400.00 ‐ 400.00 20‐5335‐55‐00 Radio/Video Repairs 7,000.00 7,000.00 425.00 6.07 6,575.00 20‐5340‐55‐00 Building Repairs 2,000.00 2,000.00 ‐ 2,000.00 20‐5350‐55‐00 Vehicle Expense 6,000.00 2,000.00 8,000.00 7,584.31 130.00 94.80 415.69 20‐5352‐55‐00 Fuel 18,000.00 (2,000.00) 16,000.00 3,739.78 291.83 23.37 12,260.22 20‐5353‐55‐00 Oil/Grease/Inspections 1,500.00 1,500.00 39.75 2.65 1,460.25 20‐5400‐55‐00 Uniform Expense 8,600.00 8,600.00 2,010.71 23.38 6,589.29 20‐5410‐55‐00 Professional Services 8,500.00 8,500.00 5,310.00 62.47 3,190.00 20‐5412‐55‐00 Audit Fees 400.00 400.00 ‐ 400.00 20‐5416‐55‐00 Engineering Fees 1,500.00 1,500.00 ‐ 1,500.00 20‐5418‐55‐00 IT Fees 3,700.00 3,700.00 ‐ 3,700.00 20‐5430‐55‐00 Legal Fees 500.00 500.00 95.00 19.00 405.00 20‐5480‐55‐00 Contracted Services 50,000.00 (10,081.00) 39,919.00 11,567.75 28.98 28,351.25 20‐5520‐55‐00 Telephones 1,000.00 4,560.00 5,560.00 1,550.62 27.89 4,009.38 20‐5521‐55‐00 Cell Phone Expense 4,560.00 (4,560.00) ‐ 20‐5524‐55‐00 Gas ‐ Building 8.00 1,200.00 1,208.00 875.81 72.50 332.19 20‐5525‐55‐00 Electricity 49,300.00 49,300.00 36,250.03 2,750.96 73.53 13,049.97 20‐5530‐55‐00 Travel/Lodging/Meals Expense 600.00 600.00 ‐ 600.00 20‐5533‐55‐00 Mileage Expense 500.00 500.00 ‐ 500.00 20‐5536‐55‐00 Training/Seminars 4,600.00 4,600.00 376.00 8.17 4,224.00 20‐5540‐55‐00 Water Testing 500.00 500.00 ‐ 500.00 20‐5560‐55‐00 Sewer Management Fees 1,111,300.00 1,111,300.00 1,038,950.61 85,013.00 93.49 72,349.39 20‐5620‐55‐00 Tools & Equipment 7,400.00 7,400.00 1,429.95 19.32 5,970.05 20‐5630‐55‐00 Safety Equipment 11,100.00 11,100.00 2,904.82 26.17 8,195.18 20‐5640‐55‐00 Signs & Hardware 1,000.00 1,000.00 24.85 2.49 975.15 20‐5650‐55‐00 Maintenance Materials 8,000.00 8,000.00 701.13 34.85 8.76 7,298.87 20‐5660‐55‐00 Chemical Supplies 2,000.00 2,000.00 ‐ 2,000.00 20‐5670‐55‐00 System Improvements/Repairs 28,000.00 28,000.00 5,372.50 19.19 22,627.50 20‐5680‐55‐00 Lift Station Expense 30,000.00 30,000.00 17,812.52 1,785.98 59.38 12,187.48 20‐6140‐55‐00 Capital Expenditure ‐ Equipmt 26,000.00 26,000.00 20,579.24 79.15 5,420.76 20‐6160‐55‐00 Capital Expenditure ‐ Vehicles 25,000.00 381.00 25,381.00 25,574.18 100.76 (193.18) 20‐7147‐55‐00 Transfer to GF 214,350.00 214,350.00 196,487.50 17,862.50 91.67 17,862.50 Subtotal object ‐ 0 1,868,706.00 1,868,706.00 1,526,641.68 119,902.41 81.70 342,064.32 Program number: 1,868,706.00 1,868,706.00 1,526,641.68 119,902.41 81.70 342,064.32 31
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudgetDepartment number: 55 Sewer 1,868,706.00 1,868,706.00 1,526,641.68 119,902.41 81.70 342,064.32 20‐5110‐57‐00 Salaries & Wages 81,903.00 81,903.00 79,175.18 7,036.74 96.67 2,727.82 20‐5115‐57‐00 Salaries ‐ Overtime 5,000.00 5,000.00 2,060.69 286.21 41.21 2,939.31 20‐5140‐57‐00 Salaries ‐ Longevity Pay 849.00 849.00 415.00 48.88 434.00 20‐5141‐57‐00 Salary‐Incentive 800.00 800.00 1,000.00 125.00 (200.00) 20‐5145‐57‐00 Social Security Expense 5,490.00 5,490.00 4,864.06 422.53 88.60 625.94 20‐5150‐57‐00 Medicare Expense 1,284.00 1,284.00 1,137.57 98.83 88.60 146.43 20‐5155‐57‐00 SUTA Expense 89.00 89.00 354.53 21.67 398.35 (265.53) 20‐5160‐57‐00 Health Insurance 10,904.00 10,904.00 8,201.60 685.22 75.22 2,702.40 20‐5165‐57‐00 Dental Insurance 727.00 727.00 516.08 51.12 70.99 210.92 20‐5170‐57‐00 AD&D/Life Insurance 183.00 183.00 166.99 15.76 91.25 16.01 20‐5175‐57‐00 Liability (TML) Workers' Comp 112.00 112.00 227.01 202.69 (115.01) 20‐5180‐57‐00 TMRS Expense 7,886.00 7,886.00 7,886.38 692.80 100.01 (0.38) 20‐5185‐57‐00 Long Term/Short Term Disabilit 152.00 152.00 153.08 30.86 100.71 (1.08) 20‐5186‐57‐00 WELLE‐Wellness Prog Reimb‐Empl 840.00 840.00 645.75 70.00 76.88 194.25 20‐5190‐57‐00 Contract Labor 50.00 50.00 ‐ 50.00 20‐5191‐57‐00 Hiring Cost 40.00 108.00 148.00 147.10 99.39 0.90 20‐5210‐57‐00 Office Supplies 1,500.00 1,500.00 1,428.91 173.92 95.26 71.09 20‐5212‐57‐00 Building Supplies 500.00 300.00 800.00 591.08 226.63 73.89 208.92 20‐5230‐57‐00 Dues,Fees,& Subscriptions 200.00 200.00 103.89 51.95 96.11 20‐5240‐57‐00 Postage and Delivery 21,000.00 21,000.00 19,750.72 2,106.89 94.05 1,249.28 20‐5280‐57‐00 Printing and Reproduction 1,000.00 1,000.00 500.00 50.00 500.00 20‐5400‐57‐00 Uniform Expense 150.00 150.00 ‐ 150.00 20‐5418‐57‐00 IT Fees 8,000.00 8,000.00 4,112.50 51.41 3,887.50 20‐5419‐57‐00 IT Licenses 10,000.00 10,000.00 10,000.00 100.00 20‐5470‐57‐00 Trash Collection 718,000.00 718,000.00 685,863.07 69,486.76 95.52 32,136.93 20‐5479‐57‐00 Household Haz. Waste Disposal 2,500.00 1,100.00 3,600.00 3,350.00 300.00 93.06 250.00 20‐5480‐57‐00 Contracted Services 8,983.00 8,983.00 5,214.29 518.15 58.05 3,768.71 20‐5481‐57‐00 Cash Short/Over 2.12 ‐ (2.12) 20‐5520‐57‐00 Telephones 800.00 800.00 559.56 69.95 240.44 20‐5530‐57‐00 Travel/Lodging/Meals Expense 300.00 (300.00) ‐ 20‐5533‐57‐00 Mileage Expense 1,500.00 (108.00) 1,392.00 ‐ 1,392.00 20‐5536‐57‐00 Training/Seminars 1,100.00 (1,100.00) ‐ 20‐7147‐57‐00 Transfer to GF 80,200.00 80,200.00 73,516.63 6,683.33 91.67 6,683.37 Subtotal object ‐ 0 972,042.00 972,042.00 911,943.79 88,907.42 93.82 60,098.21 Program number: 972,042.00 972,042.00 911,943.79 88,907.42 93.82 60,098.21 Department number: 57 Utility Billing Department 972,042.00 972,042.00 911,943.79 88,907.42 93.82 60,098.21 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 9,277,338.00 3,000,000.00 12,277,338.00 10,735,034.22 1,443,896.01 87.44 1,542,303.78 Fund number: 20 Water/Sewer 301,888.00 3,000,000.00 3,301,888.00 2,759,601.97 632,310.97 83.58 542,286.03 30‐8100‐00‐00 OFS: Proceeds fm bond issuance (6,175,000.00) ‐ 6,175,000.00 30‐8101‐00‐00 OFS: Proceeds fm bond premium (764,610.30) ‐ 764,610.30 Subtotal object ‐ 0 (6,939,610.30) ‐ 6,939,610.30 Program number: (6,939,610.30) ‐ 6,939,610.30 Department number: Non departmental (6,939,610.30) ‐ 6,939,610.30 30‐4105‐10‐00 Property Taxes ‐Delinquent (30,000.00) (30,000.00) (73,828.34) (14.09) 246.09 43,828.34 30‐4110‐10‐00 Property Taxes ‐Current (2,763,240.00) (2,763,240.00) (3,047,694.87) (1,975.46) 110.29 284,454.87 30‐4115‐10‐00 Taxes ‐Penalties (18,000.00) (18,000.00) (25,029.99) (121.59) 139.06 7,029.99 32
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 30‐4610‐10‐00 Interest Income (12,000.00) (12,000.00) (16,756.67) (1,199.00) 139.64 4,756.67 Subtotal object ‐ 0 (2,823,240.00) (2,823,240.00) (3,163,309.87) (3,310.14) 112.05 340,069.87 Program number: (2,823,240.00) (2,823,240.00) (3,163,309.87) (3,310.14) 112.05 340,069.87 Department number: 10 Administrative (2,823,240.00) (2,823,240.00) (3,163,309.87) (3,310.14) 112.05 340,069.87 Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (2,823,240.00) (2,823,240.00) (10,102,920.17) (3,310.14) 357.85 7,279,680.17 30‐8200‐00‐00 OFU: Pmt to bond escrow agent 7,520,684.44 ‐ (7,520,684.44) Subtotal object ‐ 0 7,520,684.44 ‐ (7,520,684.44) Program number: 7,520,684.44 ‐ (7,520,684.44) Department number: Non departmental 7,520,684.44 ‐ (7,520,684.44) 30‐6186‐10‐00 2013 GO Ref Bond 282,672.22 282,672.22 282,672.23 204,950.00 100.00 (0.01) 30‐6191‐10‐00 2010 Tax Note Payment 365,166.25 365,166.25 365,166.25 8,918.75 100.00 30‐6192‐10‐00 2011 Ref Bond Pmt 177,791.00 177,791.00 177,791.00 5,191.87 100.00 30‐6193‐10‐00 2012 GO Bond Payment 112,412.50 112,412.50 112,412.50 56,206.25 100.00 30‐6197‐10‐00 2004 CO Bond Payment 329,992.00 329,992.00 60,496.00 18.33 269,496.00 30‐6198‐10‐00 2006 Bond Payment 455,033.00 455,033.00 455,032.81 359,516.40 100.00 0.19 30‐6199‐10‐00 2008 CO Bond Payment 1,078,313.00 1,078,313.00 1,078,312.50 304,492.50 100.00 0.50 30‐6200‐10‐00 Bond Administrative Fees 20,000.00 20,000.00 76,150.24 (12,779.10) 380.75 (56,150.24) Subtotal object ‐ 0 2,821,379.97 2,821,379.97 2,608,033.53 926,496.67 92.44 213,346.44 Program number: 2,821,379.97 2,821,379.97 2,608,033.53 926,496.67 92.44 213,346.44 Department number: 10 Administrative 2,821,379.97 2,821,379.97 2,608,033.53 926,496.67 92.44 213,346.44 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 2,821,379.97 2,821,379.97 10,128,717.97 926,496.67 359.00 (7,307,338.00) Fund number: 30 Interest and Sinking (1,860.03) (1,860.03) 25,797.80 923,186.53 ‐‐‐(27,657.83) 40‐4100‐10‐00 Charges for Services (30,000.00) (30,000.00) (24,480.00) 81.60 (5,520.00) 40‐4610‐10‐00 Interest Income (500.00) (500.00) (525.30) (52.20) 105.06 25.30 40‐4995‐10‐00 Transfer In (19,160.00) (19,160.00) (1,980.00) (180.00) 10.33 (17,180.00) Subtotal object ‐ 0 (49,660.00) (49,660.00) (26,985.30) (232.20) 54.34 (22,674.70) Program number: (49,660.00) (49,660.00) (26,985.30) (232.20) 54.34 (22,674.70) Department number: 10 General Fund (49,660.00) (49,660.00) (26,985.30) (232.20) 54.34 (22,674.70) Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (49,660.00) (49,660.00) (26,985.30) (232.20) 54.34 (22,674.70) 40‐5160‐10‐00 MERP H & D Expense ‐ GF 49,000.00 49,000.00 23,588.88 48.14 25,411.12 Subtotal object ‐ 0 49,000.00 49,000.00 23,588.88 48.14 25,411.12 Program number: 49,000.00 49,000.00 23,588.88 48.14 25,411.12 Department number: 10 General Fund 49,000.00 49,000.00 23,588.88 48.14 25,411.12 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 49,000.00 49,000.00 23,588.88 48.14 25,411.12 Fund number: 40 Internal Service Fund (660.00) (660.00) (3,396.42) (232.20) 514.61 2,736.42 45‐4001‐10‐00 Storm Drainage Utility Fee (228,800.00) (228,800.00) (226,072.65) (21,359.94) 98.81 (2,727.35) 45‐4610‐10‐00 Interest Storm Utility (1,600.00) (1,600.00) (1,888.75) (87.36) 118.05 288.75 Subtotal object ‐ 0 (230,400.00) (230,400.00) (227,961.40) (21,447.30) 98.94 (2,438.60) Program number: (230,400.00) (230,400.00) (227,961.40) (21,447.30) 98.94 (2,438.60) Department number: 10 Administration (230,400.00) (230,400.00) (227,961.40) (21,447.30) 98.94 (2,438.60) Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (230,400.00) (230,400.00) (227,961.40) (21,447.30) 98.94 (2,438.60) 45‐5110‐10‐00 Salaries 28,514.00 28,514.00 24,967.68 2,193.60 87.56 3,546.32 45‐5115‐10‐00 Salaries‐Overtime 2,000.00 2,000.00 2,033.53 166.94 101.68 (33.53) 45‐5140‐10‐00 Salaries‐Longevity Pay 195.00 195.00 ‐ 195.00 45‐5145‐10‐00 Social Security Expense 1,904.00 1,904.00 1,667.11 137.30 87.56 236.89 45‐5150‐10‐00 Medicare Expense 445.00 445.00 389.89 32.11 87.62 55.11 45‐5155‐10‐00 SUTA Expense 31.00 31.00 216.00 696.77 (185.00) 33
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 45‐5160‐10‐00 Health Insurance 5,400.00 5,400.00 3,291.44 295.56 60.95 2,108.56 45‐5165‐10‐00 Dental Expense 360.00 360.00 25.56 25.56 7.10 334.44 45‐5170‐10‐00 Life Ins/AD&D 64.00 64.00 82.35 7.88 128.67 (18.35) 45‐5175‐10‐00 Liability (TML) Workers Comp 39.00 39.00 1,447.69 ‐‐‐(1,408.69) 45‐5180‐10‐00 TMRS Expense 3,224.00 3,224.00 2,922.58 257.28 90.65 301.42 45‐5185‐10‐00 Long Term/Short Term Disabilit 53.00 53.00 33.54 11.18 63.28 19.46 45‐5186‐10‐00 WELLE‐Wellness Prog Reimb Empl 420.00 420.00 365.75 35.00 87.08 54.25 45‐5191‐10‐00 Hiring Cost 40.00 40.00 ‐ 40.00 45‐5210‐10‐00 Office Supplies 400.00 400.00 ‐ 400.00 45‐5250‐10‐00 Publications 37.00 37.00 ‐ 37.00 45‐5310‐10‐00 Rental Expense 7,800.00 7,800.00 ‐ 7,800.00 45‐5320‐10‐00 Repairs & Maiantenance 800.00 800.00 ‐ 800.00 45‐5340‐10‐00 Building Repairs 500.00 500.00 ‐ 500.00 45‐5350‐10‐00 Vehicle Expense 1,500.00 1,500.00 1,479.00 1,200.00 98.60 21.00 45‐5352‐10‐00 Fuel 2,000.00 2,000.00 1,622.63 121.65 81.13 377.37 45‐5353‐10‐00 Oil/Grease/Inspections 400.00 400.00 ‐ 400.00 45‐5400‐10‐00 Uniforms 1,700.00 1,700.00 673.34 39.61 1,026.66 45‐5410‐10‐00 Professional Services‐Storm Dr 5,000.00 5,000.00 30,800.00 616.00 (25,800.00) 45‐5480‐10‐00 Contract Services 38,000.00 38,000.00 13,674.00 35.98 24,326.00 45‐5520‐10‐00 Telephones 300.00 350.00 650.00 342.10 52.63 307.90 45‐5521‐10‐00 Cell Phone Expense 350.00 (350.00) ‐ 45‐5530‐10‐00 Travel/Lodging/Meals Expense 200.00 200.00 ‐ 200.00 45‐5536‐10‐00 Training/Seminars 800.00 800.00 ‐ 800.00 45‐5620‐10‐00 Tools & Equipment 2,000.00 2,000.00 75.00 3.75 1,925.00 45‐5630‐10‐00 Safety Equipment 1,500.00 1,500.00 525.98 35.07 974.02 45‐5640‐10‐00 Signs & Hardware 600.00 600.00 ‐ 600.00 45‐5650‐10‐00 Maintenance Materials 4,000.00 5,000.00 9,000.00 3,294.16 19.23 36.60 5,705.84 45‐6140‐10‐00 Capital Expense‐Equipment 163,726.00 (5,000.00) 158,726.00 23,102.35 14.56 135,623.65 45‐6193‐10‐00 2012 CO Bond Payment 106,918.00 106,918.00 97,280.00 97,280.00 90.99 9,638.00 45‐7143‐10‐00 Transfer to Internal Serv. Fd 240.00 240.00 ‐ 240.00 45‐7147‐10‐00 Transfer to GF 12,540.00 12,540.00 11,495.00 1,045.00 91.67 1,045.00 Subtotal object ‐ 0 394,000.00 394,000.00 221,806.68 102,828.29 56.30 172,193.32 Program number: 394,000.00 394,000.00 221,806.68 102,828.29 56.30 172,193.32 Department number: 10 Administration 394,000.00 394,000.00 221,806.68 102,828.29 56.30 172,193.32 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 394,000.00 394,000.00 221,806.68 102,828.29 56.30 172,193.32 Fund number: 45 Storm Drainage Utility Fund 163,600.00 163,600.00 (6,154.72) 81,380.99 (3.76) 169,754.72 60‐4045‐60‐00 Park Dedication‐Fees (100,000.00) (100,000.00) (251,609.40) (84,931.15) 251.61 151,609.40 60‐4055‐60‐00 Park Improvement (200,000.00) (200,000.00) (690,796.00) (84,000.00) 345.40 490,796.00 60‐4530‐60‐00 Contributions (17,500.00) ‐ 17,500.00 60‐4615‐60‐00 Interest‐Park Dedication (1,200.00) (1,200.00) (1,901.76) (249.75) 158.48 701.76 60‐4620‐60‐00 Interest‐Park Improvements (350.00) (350.00) (866.31) (222.37) 247.52 516.31 Subtotal object ‐ 0 (301,550.00) (301,550.00) (962,673.47) (169,403.27) 319.24 661,123.47 Program number: (301,550.00) (301,550.00) (962,673.47) (169,403.27) 319.24 661,123.47 Department number: 60 Parks and Recreation (301,550.00) (301,550.00) (962,673.47) (169,403.27) 319.24 661,123.47 Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (301,550.00) (301,550.00) (962,673.47) (169,403.27) 319.24 661,123.47 60‐5290‐60‐00 Miscellaneous Expense 42,509.36 ‐ (42,509.36) 60‐5410‐60‐00 Professional Services‐Pk Ded 58,922.06 ‐ (58,922.06) 34
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 60‐5411‐60‐00 Professional Services‐Pk Imp 20,000.00 4,375.00 24,375.00 22,043.93 90.44 2,331.07 60‐6120‐60‐00 Capital Exp‐Pk Improvements 30,000.00 30,000.00 8,500.00 28.33 21,500.00 60‐6140‐60‐00 Capital Exp‐Pk Dedication 650,000.00 (4,375.00) 645,625.00 700.00 0.11 644,925.00 Subtotal object ‐ 0 700,000.00 700,000.00 132,675.35 18.95 567,324.65 Program number: 700,000.00 700,000.00 132,675.35 18.95 567,324.65 Department number: 60 Parks and Recreation 700,000.00 700,000.00 132,675.35 18.95 567,324.65 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 700,000.00 700,000.00 132,675.35 18.95 567,324.65 Fund number: 60 Parks & Recreation Fund 398,450.00 398,450.00 (829,998.12) (169,403.27) ‐‐‐1,228,448.12 65‐4015‐99‐00 Impact Fees ‐Water (800,000.00) (800,000.00) (1,466,584.00) (177,122.00) 183.32 666,584.00 65‐4020‐99‐00 Impact Fees ‐Sewer (700,000.00) (700,000.00) (383,675.25) (39,997.00) 54.81 (316,324.75) 65‐4040‐99‐00 Thoroughfare Impact Fees (1,100,000.00) (1,100,000.00) (1,236,805.63) (119,184.88) 112.44 136,805.63 65‐4041‐99‐00 West Thorfare Imp. Fees Rev (328,659.00) (78,267.00) ‐ 328,659.00 65‐4615‐99‐00 Interest‐Water Impact Fee (4,000.00) (4,000.00) (4,224.63) (390.80) 105.62 224.63 65‐4620‐99‐00 Interest‐Sewer Impact Fee (4,000.00) (4,000.00) (1,965.33) (189.10) 49.13 (2,034.67) 65‐4640‐99‐00 Interest‐Thorfare Imp Fee (12,000.00) (12,000.00) (4,012.50) (375.40) 33.44 (7,987.50) 65‐4641‐99‐00 Interest‐West Thorfare imp fee (1,462.83) (143.52) ‐ 1,462.83 Subtotal object ‐ 0 (2,620,000.00) (2,620,000.00) (3,427,389.17) (415,669.70) 130.82 807,389.17 Program number: (2,620,000.00) (2,620,000.00) (3,427,389.17) (415,669.70) 130.82 807,389.17 Department number: 99 Impact Fees (2,620,000.00) (2,620,000.00) (3,427,389.17) (415,669.70) 130.82 807,389.17 Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (2,620,000.00) (2,620,000.00) (3,427,389.17) (415,669.70) 130.82 807,389.17 65‐5415‐99‐00 Professional Serv‐Water Imp Fe 1,220,000.00 1,220,000.00 99,024.49 8.12 1,120,975.51 65‐5420‐99‐00 Professional Serv‐Sewer Imp Fe 255,000.00 255,000.00 11,259.46 4,727.43 4.42 243,740.54 65‐5440‐99‐00 Professional Serv‐Thorfare Imp 60,000.00 60,000.00 2,027.00 3.38 57,973.00 65‐6115‐99‐00 Capital Expenditure‐Water 477,643.25 ‐ (477,643.25) 65‐6140‐99‐00 Capital Expenditure‐Thorofare 278,794.00 ‐ (278,794.00) 65‐7144‐99‐00 Transfer to Capital Proj Fund 300,000.00 300,000.00 ‐ 300,000.00 Subtotal object ‐ 0 1,835,000.00 1,835,000.00 868,748.20 4,727.43 47.34 966,251.80 Program number: 1,835,000.00 1,835,000.00 868,748.20 4,727.43 47.34 966,251.80 Department number: 99 Impact Fees 1,835,000.00 1,835,000.00 868,748.20 4,727.43 47.34 966,251.80 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 1,835,000.00 1,835,000.00 868,748.20 4,727.43 47.34 966,251.80 Fund number: 65 Impact Fees (785,000.00) (785,000.00) (2,558,640.97) (410,942.27) 325.94 1,773,640.97 67‐4530‐10‐00 Police Donation Inc (16,000.00) (16,000.00) (14,570.00) (753.00) 91.06 (1,430.00) 67‐4531‐10‐00 Fire Dept‐Donation Inc (12,000.00) (12,000.00) (9,965.00) (967.00) 83.04 (2,035.00) 67‐4532‐10‐00 Safety Fair Donations (2,000.00) (2,000.00) ‐ (2,000.00) 67‐4535‐10‐00 Child Safety Inc (9,000.00) (9,000.00) (11,762.38) (3,005.49) 130.69 2,762.38 67‐4536‐10‐00 Court Security Revenue (2,900.00) (2,900.00) (4,944.22) (460.30) 170.49 2,044.22 67‐4537‐10‐00 Technology Fd Revenue (4,000.00) (4,000.00) (6,582.28) (613.74) 164.56 2,582.28 67‐4550‐10‐00 Special Revenue ‐ Other (1,550.95) ‐ 1,550.95 67‐4610‐10‐00 Interest Income (3,750.09) (290.42) ‐ 3,750.09 67‐4721‐10‐00 Country Xmas Donations (10,000.00) (10,000.00) (18,251.00) (300.00) 182.51 8,251.00 67‐4761‐10‐00 Tree Mitigation Revenue (14,175.00) ‐ 14,175.00 67‐4915‐10‐00 Escrow Income (142,622.57) ‐ 142,622.57 67‐4916‐10‐00 Cash Seizure Forfeit‐PD (500.00) (500.00) (3,250.00) 650.00 2,750.00 Subtotal object ‐ 0 (56,400.00) (56,400.00) (231,423.49) (6,389.95) 410.33 175,023.49 Program number: (56,400.00) (56,400.00) (231,423.49) (6,389.95) 410.33 175,023.49 Department number: 10 Administrative (56,400.00) (56,400.00) (231,423.49) (6,389.95) 410.33 175,023.49 Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (56,400.00) (56,400.00) (231,423.49) (6,389.95) 410.33 175,023.49 35
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 67‐5201‐10‐00 Special Revenue Expense‐Other 40.00 ‐ (40.00) 67‐5202‐10‐00 Country Xmas Expense 10,000.00 10,000.00 10,001.30 100.01 (1.30) 67‐5203‐10‐00 Court Technology Expense 12,200.00 12,200.00 15,310.33 125.50 (3,110.33) 67‐5204‐10‐00 Court Security Expense 2,500.00 2,500.00 748.00 68.00 29.92 1,752.00 67‐5205‐10‐00 Police Donation Exp 8,000.00 8,000.00 4,000.00 50.00 4,000.00 67‐5206‐10‐00 Fire Dept Donation Exp 8,000.00 8,000.00 4,176.38 52.21 3,823.62 67‐5207‐10‐00 Health & Safety Fair Exp 1,500.00 1,500.00 ‐ 1,500.00 67‐5208‐10‐00 Child Safety Expense 1,000.00 1,000.00 617.00 61.70 383.00 67‐5209‐10‐00 Escrow Expense 15,500.00 15,500.00 182,024.45 ‐‐‐(166,524.45) 67‐5216‐10‐00 Volunteer Per Diem Expense 520.00 ‐ (520.00) 67‐5291‐10‐00 Special Operations 500.00 500.00 ‐ 500.00 67‐5292‐10‐00 PD Seizure Expense 200.00 ‐ (200.00) Subtotal object ‐ 0 59,200.00 59,200.00 217,637.46 68.00 367.63 (158,437.46) Program number: 59,200.00 59,200.00 217,637.46 68.00 367.63 (158,437.46) Department number: 10 Administrative 59,200.00 59,200.00 217,637.46 68.00 367.63 (158,437.46) Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 59,200.00 59,200.00 217,637.46 68.00 367.63 (158,437.46) Fund number: 67 Special Revenue‐Donations 2,800.00 2,800.00 (13,786.03) (6,321.95) ‐‐‐16,586.03 73‐5160‐10‐00 Health Insurance 21.32 ‐ (21.32) Subtotal object ‐ 0 21.32 ‐ (21.32) Program number: 21.32 ‐ (21.32) Department number: 10 Administration 21.32 ‐ (21.32) Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 21.32 ‐ (21.32) Fund number: 73 Empl'ee Health Trust Fund 21.32 ‐ (21.32) 75‐4530‐10‐00 Contributions (105,000.00) ‐ 105,000.00 75‐4611‐10‐00 Interest‐2004 Bond (1,000.00) (1,000.00) (1,850.93) (172.04) 185.09 850.93 75‐4612‐10‐00 Interest‐2006 Bond (1,000.00) (1,000.00) (245.30) 24.53 (754.70) 75‐4613‐10‐00 Interest 2008 Bond (1,000.00) (1,000.00) (13,940.19) (1,152.35) ‐‐‐12,940.19 75‐4615‐10‐00 Interest‐2011 Refd Bond (70.00) (70.00) ‐ (70.00) 75‐4616‐10‐00 Interest 2012 GO Bond (5,000.00) (5,000.00) (9,929.24) (916.16) 198.59 4,929.24 75‐4999‐10‐00 Bond Proceeds (1,965,000.00) (1,965,000.00) (1,000,000.00) 50.89 (965,000.00) Subtotal object ‐ 0 (1,973,070.00) (1,973,070.00) (1,130,965.66) (2,240.55) 57.32 (842,104.34) Program number: (1,973,070.00) (1,973,070.00) (1,130,965.66) (2,240.55) 57.32 (842,104.34) Department number: 10 Capital Projects (1,973,070.00) (1,973,070.00) (1,130,965.66) (2,240.55) 57.32 (842,104.34) Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (1,973,070.00) (1,973,070.00) (1,130,965.66) (2,240.55) 57.32 (842,104.34) 75‐5110‐10‐00 Salaries & Wages 92,820.00 92,820.00 78,474.92 6,929.48 84.55 14,345.08 75‐5140‐10‐00 Salaries ‐ Longevity 459.00 459.00 ‐ 459.00 75‐5141‐10‐00 Salary ‐ Incentive 300.00 300.00 ‐ 300.00 75‐5145‐10‐00 Social Security Expense 5,802.00 5,802.00 4,689.86 403.88 80.83 1,112.14 75‐5150‐10‐00 Medicare Expense 1,357.00 1,357.00 1,096.82 94.46 80.83 260.18 75‐5155‐10‐00 SUTA Expense 93.00 93.00 (45.00) (48.39) 138.00 75‐5160‐10‐00 Health Insurance 5,400.00 5,400.00 5,877.32 1,054.76 108.84 (477.32) 75‐5165‐10‐00 Dental Insurance 360.00 360.00 242.82 25.56 67.45 117.18 75‐5170‐10‐00 Life Insurance/AD&D 114.00 114.00 82.35 7.88 72.24 31.65 75‐5175‐10‐00 Liability (TML) Workers' Comp 118.00 118.00 145.67 123.45 (27.67) 75‐5180‐10‐00 TMRS Expense 9,826.00 9,826.00 8,380.08 744.22 85.29 1,445.92 75‐5185‐10‐00 Long Term/Short Term Disabilit 173.00 173.00 ‐ 173.00 75‐5186‐10‐00 WELLE‐Wellness Prog Reimb‐Empl 420.00 420.00 ‐ 420.00 36
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 75‐5212‐10‐00 Building Supplies 42.15 ‐ (42.15) 75‐5412‐10‐00 Professional Serv‐2006 Bond 15,373.75 ‐ (15,373.75) 75‐5419‐10‐00 Professional Services 35,290.00 ‐ (35,290.00) 75‐5419‐10‐00‐1205‐ST Professional Services 182.60 ‐ (182.60) 75‐5419‐10‐00‐1207‐ST Professional Services 175.00 ‐ (175.00) 75‐5419‐10‐00‐1304‐PK Professional Services 166.60 ‐ (166.60) 75‐5419‐10‐00‐1401‐FC Professional Services 36,540.00 11,340.00 ‐ (36,540.00) 75‐5419‐10‐00‐1402‐FC Professional Services 1,200.00 ‐ (1,200.00) 75‐5419‐10‐00‐1405‐ST Professional Services 41,625.00 ‐ (41,625.00) 75‐5419‐10‐00‐1408‐TR Professional Services 2,178.40 2,178.40 ‐ (2,178.40) 75‐5419‐10‐00‐1411‐TR Professional Services 6,420.00 ‐ (6,420.00) 75‐5520‐10‐00 Telephone Expense 853.09 ‐ (853.09) 75‐5533‐10‐00 Mileage Expense 2,672.20 ‐ (2,672.20) 75‐6112‐10‐00 Capital Expenditures‐2006 Bond 3,411.25 ‐ (3,411.25) 75‐6113‐10‐00 Capital Expenditure 2008 Bond 2,309,666.96 416.23 ‐ (2,309,666.96) 75‐6116‐10‐00 Capital Expenditure ‐ WS Prjts 1,100.00 ‐ (1,100.00) 75‐6610‐10‐00 Construction 4,662,758.00 4,662,758.00 ‐ 4,662,758.00 75‐6610‐10‐00‐1205‐ST Construction 265,766.26 ‐ (265,766.26) 75‐6610‐10‐00‐1304‐PK Construction 241,060.25 132,348.50 ‐ (241,060.25) 75‐6610‐10‐00‐1404‐PK Construction 384,930.00 ‐ (384,930.00) 75‐6610‐10‐00‐1407‐ST Construction 19,531.80 ‐ (19,531.80) Subtotal object ‐ 0 4,780,000.00 4,780,000.00 3,467,130.15 155,543.37 72.53 1,312,869.85 Program number: 4,780,000.00 4,780,000.00 3,467,130.15 155,543.37 72.53 1,312,869.85 Department number: 10 Capital Projects 4,780,000.00 4,780,000.00 3,467,130.15 155,543.37 72.53 1,312,869.85 Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 4,780,000.00 4,780,000.00 3,467,130.15 155,543.37 72.53 1,312,869.85 Fund number: 75 Capital Projects 2,806,930.00 2,806,930.00 2,336,164.49 153,302.82 83.23 470,765.51 76‐4610‐10‐00 Interest Income (50,000.00) (50,000.00) (33,609.88) (3,056.67) 67.22 (16,390.12) 76‐4996‐10‐00 Transfers In (3,000,000.00) (3,000,000.00) (3,000,000.00) 100.00 76‐4999‐10‐00 Bond Proceeds (1,000,000.00) (12,570,000.00) (13,570,000.00) (12,570,000.00) 92.63 (1,000,000.00) Subtotal object ‐ 0 (1,050,000.00) (15,570,000.00) (16,620,000.00) (15,603,609.88) (3,056.67) 93.89 (1,016,390.12) Program number: (1,050,000.00) (15,570,000.00) (16,620,000.00) (15,603,609.88) (3,056.67) 93.89 (1,016,390.12) Department number: 10 Capital Projects‐W/S (1,050,000.00) (15,570,000.00) (16,620,000.00) (15,603,609.88) (3,056.67) 93.89 (1,016,390.12) Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (1,050,000.00) (15,570,000.00) (16,620,000.00) (15,603,609.88) (3,056.67) 93.89 (1,016,390.12) 76‐5419‐10‐00 Professional Services 15,570,000.00 15,570,000.00 15,578,922.00 100.06 (8,922.00) 76‐5419‐10‐00‐0407‐WA Professional Services 1,600.00 1,600.00 ‐ (1,600.00) 76‐6610‐10‐00 Construction 1,000,000.00 1,000,000.00 ‐ 1,000,000.00 76‐6610‐10‐00‐1202‐WA Construction 156,150.82 ‐ (156,150.82) 76‐6610‐10‐00‐1203‐SW Construction 3,327.30 ‐ (3,327.30) 76‐6610‐10‐00‐1203‐WA Construction 5,428.75 ‐ (5,428.75) 76‐6610‐10‐00‐1204‐WA Construction 3,219,808.51 74,760.79 ‐ (3,219,808.51) Subtotal object ‐ 0 1,000,000.00 15,570,000.00 16,570,000.00 18,965,237.38 76,360.79 114.46 (2,395,237.38) Program number: 1,000,000.00 15,570,000.00 16,570,000.00 18,965,237.38 76,360.79 114.46 (2,395,237.38) Department number: 10 Capital Projects‐W/S 1,000,000.00 15,570,000.00 16,570,000.00 18,965,237.38 76,360.79 114.46 (2,395,237.38) Expense Subtotal ‐ ‐ ‐ ‐ ‐ ‐ 1,000,000.00 15,570,000.00 16,570,000.00 18,965,237.38 76,360.79 114.46 (2,395,237.38) Fund number: 76 Capital Projects ‐ Water/Sewer (50,000.00) (50,000.00) 3,361,627.50 73,304.12 ‐‐‐(3,411,627.50) 80‐4120‐65‐00 Sales Taxes ‐ EDC (675,000.00) (675,000.00) (830,880.83) (92,842.90) 123.09 155,880.83 80‐4610‐65‐00 Interest Income (12,000.00) (12,000.00) (17,326.29) (1,765.03) 144.39 5,326.29 37
TOWN OF PROSPER, TEXASMONTHLY FINANCIAL REPORT‐‐ALL FUNDSAUGUST 2014COMPARE TO 91.67%Current Current Currrent Current Current Current Year Year Year YTD Month Remaining Account Number Description Adopted BudgetAmendmentsAmended BudgetActualActualPercent YTDBudget 80‐4910‐65‐00 Other Revenue (4,624.12) ‐ 4,624.12 Subtotal object ‐ 0 (687,000.00) (687,000.00) (852,831.24) (94,607.93) 124.14 165,831.24 Program number: (687,000.00) (687,000.00) (852,831.24) (94,607.93) 124.14 165,831.24 Department number: 65 Economic Development (687,000.00) (687,000.00) (852,831.24) (94,607.93) 124.14 165,831.24 Revenue Subtotal ‐ ‐ ‐ ‐ ‐ ‐ (687,000.00) (687,000.00) (852,831.24) (94,607.93) 124.14 165,831.24 80‐5110‐65‐00 Salaries & Wages 229,000.00 229,000.00 201,790.43 17,753.50 88.12 27,209.57 80‐5115‐65‐00 Salaries ‐ Overtime 487.49 ‐ (487.49) 80‐5140‐65‐00 Salaries ‐ Longevity Pay 260.00 260.00 65.00 25.00 195.00 80‐5142‐65‐00 Car Allowance 6,000.00 6,000.00 5,284.64 461.54 88.08 715.36 80‐5143‐65‐00 Cell Phone Allowance 3,510.00 3,510.00 3,330.00 180.00 94.87 180.00 80‐5145‐65‐00 Social Security Expense 14,570.00 14,570.00 11,312.04 1,088.58 77.64 3,257.96 80‐5150‐65‐00 Medicare Expense 3,410.00 3,410.00 2,936.69 254.58 86.12 473.31 80‐5155‐65‐00 SUTA Expense 27.00 823.00 850.00 387.00 45.53 463.00 80‐5160‐65‐00 Health Insurance 11,160.00 11,160.00 15,577.33 2,594.60 139.58 (4,417.33) 80‐5165‐65‐00 Dental Insurance 900.00 900.00 761.05 76.68 84.56 138.95 80‐5170‐65‐00 Life Insurance/AD&D 25.00 275.00 300.00 343.87 45.82 114.62 (43.87) 80‐5175‐65‐00 Liability (TML) Workers' Comp 500.00 500.00 1,000.00 509.63 50.96 490.37 80‐5176‐65‐00 TML Prop. & Liab Insurance 1,000.00 (237.00) 763.00 763.10 100.01 (0.10) 80‐5180‐65‐00 TMRS Expense 24,675.00 24,675.00 22,400.88 1,983.15 90.78 2,274.12 80‐5185‐65‐00 Long Term/Short Term Disabilit 564.00 564.00 448.40 91.20 79.50 115.60 80‐5186‐65‐00 WELLE‐Wellness Prog Reimb‐Empl 698.25 70.00 ‐ (698.25) 80‐5189‐65‐00 Administrative Fees 2,400.00 2,400.00 2,200.00 200.00 91.67 200.00 80‐5190‐65‐00 Contract Labor 4,500.00 (1,200.00) 3,300.00 3,060.00 425.00 92.73 240.00 80‐5191‐65‐00 Hiring Cost 300.00 300.00 40.00 13.33 260.00 80‐5210‐65‐00 Office Supplies 2,000.00 601.00 2,601.00 2,297.58 88.33 303.42 80‐5212‐65‐00 Building Supplies 500.00 70.00 570.00 567.37 99.54 2.63 80‐5220‐65‐00 Office Equipment 3,500.00 200.00 3,700.00 3,693.52 99.83 6.48 80‐5230‐65‐00 Dues,Fees,& Subscriptions 4,700.00 300.00 5,000.00 4,958.37 39.00 99.17 41.63 80‐5240‐65‐00 Postage and Delivery 2,000.00 (1,500.00) 500.00 314.47 62.89 185.53 80‐5265‐65‐00 Promotional Expense 35,000.00 3,000.00 38,000.00 37,709.27 99.24 290.73 80‐5280‐65‐00 Printing and Reproduction 2,000.00 400.00 2,400.00 2,232.47 93.02 167.53 80‐5290‐65‐00 Miscellaneous Expense 30.29 ‐ (30.29) 80‐5305‐65‐00 Chapt 380 Program Grant Exp 7,107.00 ‐ (7,107.00) 80‐5310‐65‐00 Rental Expense 30,000.00 8,865.00 38,865.00 35,321.43 3,543.54 90.88 3,543.57 80‐5330‐65‐00 Copier Expense 3,500.00 3,500.00 3,132.72 411.08 89.51 367.28 80‐5340‐65‐00 Building Repairs 200.00 200.00 ‐ 200.00 38
Page 1 of 2
To: Mayor and Town Council
From: Robyn Battle, Town Secretary
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon the appointment of a Municipal Judge, and authorize the Mayor to
execute an agreement for same.
Description of Agenda Item:
Article IV, Section 4.03 of the Town Charter requires the Town Council to appoint a Municipal
Judge by the affirmative vote of a majority of the full membership of the Town Council. The
Municipal Judge is appointed to a term of two years, and may be appointed to additional
consecutive terms. If reappointed, the Judge’s new term will begin on October 1, 2014, and end
on September 30, 2016.
Judge David Moore has been the Municipal Judge for the Town of Prosper for fifteen years, and
has served as Municipal Judge for various communities in Collin County and Denton County for
the past twenty-one years. Judge Moore has respectfully requested in an email to the Town
Council to continue serving as the Municipal Judge for the Town of Prosper.
The compensation for the Municipal Judge is determined by the Town Council. Judge Moore
has been paid $375 per court session since 2006. Prior to that time, he was paid $275 per
court session. Judge Moore has respectfully requested an increase in his compensation to
$400 per court session, which is reflected in the attached agreement.
Budget Impact:
Compensation for the Municipal Judge is a budgeted item, and is paid from the Judicial
Services Account.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the proposed agreement as to
form and legality.
Attached Documents:
1. Agreement
Town Staff Recommendation:
Town staff recommends the reappointment of Judge David Moore as the Municipal Judge for
the Town of Prosper for a two-year term, and authorizing the Mayor to execute an agreement
for same.
Prosper is a place where everyone matters.
ADMINISTRATION
Item 6c
Page 2 of 2
Proposed Motion:
I move to reappoint Judge David Moore as the Municipal Judge for the Town of Prosper for a
two-year term, and authorize the Mayor to execute an agreement for same.
Item 6c
MUNICIPAL COURT JUDGE AGREEMENT – Page 1
MUNICIPAL COURT JUDGE AGREEMENT
On or about September 23, 2014, the Mayor of the Town of Prosper, with the
concurrence of the Town Council for the Town of Prosper (“Town”), reappointed David Moore to
serve as the Municipal Court Judge (“Judge”) for the Town. This Agreement (“Agreement”)
shall become effective on October 1, 2014, subject to the following terms and conditions for
such professional services.
Section 1. Appointment and Term.
The Judge is appointed in accordance with Section 4.03 of the Town Charter, and upon majority
vote of the full Town Council. The Judge shall serve a term of two (2) years, beginning on
October 1, 2014, and concluding on September 30, 2106.
Section 2. Duties.
a. The Judge shall perform the functions and duties specified in the applicable sections of
the Town Charter and Town Ordinances, and shall perform such other legally
permissible and proper duties and functions as the Town shall assign from time to time.
Upon request, the Judge shall provide the Town Council with periodic updates of matters
in the Prosper Municipal Court, either in writing or in person at scheduled Town Council
meetings.
b. The Judge shall perform all services and duties customarily performed by a judge of a
municipal court in the State of Texas.
c. The Judge is required to keep abreast of state law and local ordinances, including state-
mandated fees for the Prosper Municipal Court. Although a recognized function of
judicial discretion, the Judge shall endeavor to enforce the law consistently and within
suggested state guidelines. The Judge shall apply the law and enter judgments in
accordance with State law and local ordinances, shall abide by all mandatory provisions
of the law, and shall not create or apply exceptions where none exist under law. Judicial
discretion shall only be applied where allowed under law.
d. The Judge shall operate within the docket schedule prepared and coordinated by the
Judge, the Court Administrator, the Municipal Court Prosecutor, the Town Attorney and
the Town Manager, or designees thereof. The Judge shall timely perform all duties,
including, but not limited to, the dockets set forth in the docket schedule.
Section 3. Applicable Terms and Conditions; Termination.
a. The Judge shall be, at all times and for all purposes, an independent contractor of the
Town, as that term is defined by Texas legal authority. The Judge agrees that no
property right shall be created by the execution of this Agreement.
b. The Judge shall serve at the pleasure of the Town Council. This Agreement and the
Judge’s services may be terminated at any time by the Town Council, with or without
cause, and with or without notice.
Section 4. Municipal Court.
Item 6c
MUNICIPAL COURT JUDGE AGREEMENT – Page 2
a. Court shall commence promptly for scheduled docket times on designated court dates.
The Judge shall make every effort to take the bench and convene court dockets at the
designated docket time.
b. Court shall convene the first, third and fourth Thursday of every month, unless otherwise
noted in advance and in writing, after consultation with the Court Administrator and the
Municipal Court Prosecutor.
Section 5. Compensation and Evaluation.
a. As compensation for all required services, and as outlined above, the Town agrees to
pay to the Judge according to a rate-based/flat fee compensation plan. The Judge will
receive a fee of Four Hundred and No/100 Dollars ($400.00) for each Municipal Court
session.
b. The Judge shall send an invoice to the Town once per month not later than the fifth day
of each month. The invoice shall indicate each date that the Judge performed a
compensable duty outlined in Section 5(a), above, the duty performed, and the
applicable fee. The invoice shall also provide a total amount for the month.
c. The Town shall pay the Judge once per month within twenty-one (21) days from the date
the invoice is received by the Town unless the invoice is disputed by the Town, in which
instance the Town may withhold the amount(s) of the disputed charges until such
dispute is settled.
d. The Town Council will endeavor to periodically evaluate the Judge.
e. The Town understands and agrees that certain judicial training is mandated by the State
of Texas for the Judge. Such training and expenses associated with such training, and
payment therefor, shall be coordinated with the Town’s Finance Director in advance of
any such training.
Section 6. General Provisions.
a. The text herein, or as amended hereafter, in writing, by agreement of the Town and the
Judge, shall constitute the entire agreement between the parties.
b. This Agreement shall become effective on October 1, 2014.
c. This Agreement shall be governed by the laws of the State of Texas and venue for any
proceeding related to this Agreement shall be in Collin County, Texas.
d. If any provision, or any portion thereof, contained in this Agreement is held to be
unconstitutional, invalid, or unenforceable, the remainder of this Agreement, or portion
thereof, shall be deemed severable, shall not be affected, and shall remain in full force
and effect.
ACKNOWLEDGED AND ACCEPTED:
Item 6c
MUNICIPAL COURT JUDGE AGREEMENT – Page 3
__________________________________ __________________________________
David Moore Ray Smith, Mayor
Town of Prosper, Texas
__________________________________ __________________________________
Date Signed Date Signed
Item 6c
Page 1 of 1
To: Mayor and Town Council
From: Robyn Battle, Town Secretary
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon a resolution designating The Prosper Press as the official newspaper of
the Town of Prosper for Fiscal Year 2014-2015.
Description of Agenda Item:
Section 2051.049 of the Texas Government Code provides that the Town Council shall select
one or more newspapers to publish notices, and Section 11.02 of the Town Charter states that
the Town Council shall annually declare an official newspaper of general circulation in the Town.
The Prosper Press meets these requirements for the purpose of publishing ordinances, election
notices, public hearing notices, and other notices required by ordinance, the Town Charter and
state law.
Legal Obligations and Review:
The proposed resolution is a standard format previously approved by the Town Attorney.
Attached Documents:
1. Resolution
Town Staff Recommendation:
Town staff recommends approval of the proposed resolution.
Proposed Motion:
I move to adopt a resolution designating The Prosper Press as the official newspaper of the
Town of Prosper for Fiscal Year 2014-2015.
Prosper is a place where everyone matters.
ADMINISTRATION
Item 6d
TOWN OF PROSPER, TEXAS RESOLUTION NO. 14-__
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, DESIGNATING THE PROSPER PRESS AS THE OFFICIAL
NEWSPAPER OF THE TOWN OF PROSPER, TEXAS, FOR FISCAL
YEAR 2014-2015.
WHEREAS, Section 11.02 of the Prosper Town Charter provides that the Town Council
shall declare annually an official newspaper of general circulation in the Town. All ordinances,
notices and other matters required by the Charter, Town ordinance, or the Constitution and laws
of the State of Texas shall be published in the official newspaper; and
WHEREAS, Section 2051.049 of the Texas Government Code provides that the Town
Council shall select one or more newspapers to publish notices; and
WHEREAS, the Town Council of the Town of Prosper desires to designate the official
public newspaper of the Town.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The Town Council of the Town of Prosper hereby designates The Prosper Press, a
public newspaper in and of the Town of Prosper, Texas, as the official newspaper of said Town,
the same to continue as such until another is selected, and shall cause to be published therein
all ordinances, notices and other matters required by law or by ordinance to be published.
SECTION 2
This Resolution shall become effective immediately upon its passage.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS THE 23TH DAY OF SEPTEMBER, 2014.
_____________________________
Ray Smith, Mayor
ATTEST:
_________________________________
Robyn Battle, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
_________________________________
Terrence S. Welch, Town Attorney
Item 6d
Page 1 of 2
Prosper is a place where everyone matters.
To: Mayor and Town Council
From: Doug Kowalski, Chief of Police
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon approving an Interlocal Agreement between Collin County and the Town
of Prosper, related to child abuse, investigation, and law enforcement services; and authorizing
the Town Manager to execute same.
Description of Agenda Item:
The Town of Prosper has worked with the Collin County Child Abuse Task Force for a number of
years through an Interlocal Agreement that provides the Town with assistance with Special
Crimes, which means criminal offenses, relating directly or indirectly, whereby the victim is less
than 17 years of age and the crime is determined to be a State Jail Felony or above. Lower
offenses may be worked with the approval of both parties. The County agrees to provide all law
enforcement services relating to the above listed Special Crimes. The Town shall pay for Sexual
Assault Exams (normally, these fees are reimbursed to the Town by the State of Texas), if
required, in addition to the annual Law Enforcement Service Charge. Additional unusual
investigative fees, upon Town approval in each case, may be charged, if required, for
prosecution.
The current agreement for these services expires on September 30, 2014. The term of the new
agreement is five years, effective October 1, 2014, through September 30, 2019.
Budget Impact:
The annual fee for services under this agreement is $6,000, and will be funded by 10-5480-20,
Contracted Services. Subsequent annual expenditures will be subject to appropriations granted
in future fiscal years.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the agreement as to form and
legality.
Attached Documents:
1. Interlocal Agreement
Town Staff Recommendation:
Town staff recommends approval of the Interlocal Agreement between Collin County and the
Town of Prosper, related to child abuse, investigation, and law enforcement services; and
authorizing the Town Manager to execute same.
POLICE
Item 6e
Page 2 of 2
Proposed Motion:
I move to approve the Interlocal Agreement between Collin County and the Town of Prosper,
related to child abuse, investigation, and law enforcement services; and authorize the Town
Manager to execute same.
Item 6e
INTERLOCAL AGREEMENT:
CHILD ABUSE, INVESTIGATION SERVICES, LAW ENFORCEMENT SERVICES
THIS AGREEMENT is entered into on October 1, 2014, by and between the Town of Prosper (the
“Town”) and Collin County, a political subdivision of the State of Texas (the “County”).
Recitals
WHEREAS, County performs law enforcement functions within Collin County.
WHEREAS, the Town desires to obtain certain law enforcement services from the County that the
Town is authorized to provide.
WHEREAS, the Interlocal Cooperation Act, Chapter 791 of the Texas Government Code authorizes
units of local government to contract with one or more units of local government to perform government
functions and services; and
NOW, THEREFORE, in consideration of the mutual promises and benefits contained herein, and
for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged the Parties
agree as follows:
Article I
Definitions
1.01 Law Enforcement Services
The term “Law Enforcement Services” means all services necessary for the County to provide the reporting,
investigating and filing charges for special crimes.
1.02 Special Crimes
The term “Special Crimes” means criminal offenses, relating directly or indirectly, whereby the victim is less
than 17 years of age and the crime is determined to be a State Jail Felony or above. Lower offenses may be
worked with the approval of both parties.
Article II
Term
2.01 Term
The term of this Agreement shall commence on October 1, 2014, and shall continue in full force and
effect for a period of five (5) years through September 30, 2019.
2.02 Termination
Either party may terminate this Agreement by giving ninety (90) days written notice to the other party.
The parties agree that this Agreement will terminate immediately should the Town not have an operating
Police Force.
Article III
Services and Service Fees
Attachment 1
3.01 Services
The County agrees to provide all law enforcement services relating to Special Crimes as described in Section
1.02 of this Agreement. Town shall pay for Sexual Assault Exams. Normally, these fees are reimbursed to
the Town, by the State of Texas, if required, in addition to the fees annotated in Section 5.01: Law
Enforcement Service Charge. Additional unusual investigative fees, upon Town approval in each case, may
be charged, if required, for prosecution.
3.02 Manner of Providing Services
The Law Enforcement Services shall be provided by the County in the same manner and within the same
response times as such services are provided by the County within its jurisdiction.
3.03 Use of Additional Personnel
The County may utilize the services of individuals whose duties and responsibilities are related to detection,
investigation and/or prosecution of violations associated with offenses described in Section 1.02 of this
Agreement.
Article IV
Exclusivity of Service
The parties agree that the County may contract to perform services similar or identical to those specified in
this Agreement for such additional governmental or public entities as the County, in its sole discretion, sees
fit.
Article V
Compensation
5.01 Law Enforcement Service Charge
The payment is based upon the population estimates of the Town and that population is based on the most
recently published figures obtained from the North Central Texas Council of Governments. Law
Enforcement Fees may be adjusted within the five (5) year period, as needed, if deemed necessary due to
population increase. On an annual basis, the Town will pay $6,000.00 to the County for providing the above
mentioned services. The Town will continue payment for any and all charges for services not described in
this Agreement. County will invoice Town each year for the total amount due.
Article VI
Notices
6.01 Unless otherwise specified, all communications provided for in this Agreement shall be in writing
and shall be deemed delivered whether actually received or not forty-eight (48) hours after deposit in the
United Sates mail, first class, registered or certified, return receipt requested, with proper postage prepaid or
immediately when delivered in person.
6.02 All communications provided for in this Agreement shall be addressed as follows:
if to the County, Copy to:
County Purchasing Agent
Purchasing Department
2300 Bloomdale Road, Suite 3160
McKinney, TX 75071
if to the Town, to:
Town Manager
Town of Prosper
P.O. Box 307
Prosper, TX 75078
Attachment 1
Or, to such person at such other address as may from time to time be specified in a notice given
as provided in this Section 6.
Article VII
Miscellaneous
7.01 Civil Liability
Any civil liability relating to the furnishing of services under this Agreement shall be the responsibility of the
Town. The parties agree that the County shall be acting as agent for the Town in performing the services
contemplated by this Agreement.
The Town shall hold the County free and harmless from any obligation, costs, claims, judgments, attorneys’
fees, attachments, and other such liabilities arising from or growing out of the services rendered to the Town
pursuant to the terms of this Agreement or in any way connected with the rendering of said services, except
when the same shall arise because of the willful misconduct or culpable negligence of the County, and the
County is adjudged to be guilty of willful misconduct or culpable negligence by a court of competent
jurisdiction.
7.02 Amendment
This Agreement shall not be amended or modified other than in a written agreement signed by the parties.
7.03 Controlling Law
This Agreement shall be deemed to be made under, governed by, and construed in accordance with, the laws
of the State of Texas.
7.04 Captions
The headings to the various sections of this Agreement have been inserted for convenient reference only and
shall not modify, define, limit, or expand the express provision of this Agreement.
7.05 Counterparts
This Agreement may be executed in counterparts, each of which, when taken separately, shall be deemed an
original.
7.06 Exclusive Right to Enforce this Agreement
The County and the Town have the exclusive right to bring suit to enforce this Agreement, and no other
party may bring suit, as a third-party beneficiary or otherwise, to enforce this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
above written.
“COUNTY”
COLLIN COUNTY, TEXAS
By: ____________________________
Title: County Judge
Date: ___________________________
“TOWN”
TOWN OF PROSPER, TEXAS
By: ____________________________
Title: Town Manager
Date: ____________________________
Attachment 1
Page 1 of 3
To: Mayor and Town Council
From: Julie Shivers, Recreation Services Coordinator
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon an ordinance amending Section XIII “Parks and Recreation User Fees"
of Appendix A "Fee Schedule" of the Town's Code of Ordinances by amending subsection (a)
the field user fees.
Description of Agenda Item:
The Town of Prosper current field user fee structure:
A $5 per player fee per season for Prosper Youth Sports Association (PYSA),
Prosper Area Soccer Association (PASO), Prosper Little League (PLL) and teams
whose rosters are comprised of 80% or more of PISD enrolled students.
A $30 per hour athletic field user fee with an additional $15 per hour for use of the
field lights shall be required for all other users.
Town staff conducted a survey of several surrounding cities including Coppell, Plano, Denton,
Allen, McKinney, Little Elm, Frisco, and Southlake. In compiling the data, staff found that the
user fees vary across the area.
Town staff met with the sport leagues on May 12, 2014, to discuss the idea of changing the
current field user fee structure. Staff also followed up with the Prosper Youth Sports
Commission (PYSC) on June 9, 2014, to get more input. The group overall was for some
increase in user fees but input varied regarding a resident/non-resident fee. A consensus
occurred on different fees for PYSC sports (Town co-sponsored) verses any non co-sponsored
team, which is typical for all other municipalities.
Prosper is a place where everyone matters.
PARKS &
RECREATION
Item 6f
Page 2 of 3
On August 12, 2014, staff presented information at the Town Council meeting. Town Council
recommended the following user fee structure for the Town of Prosper:
On September 2, 2014, staff met with all the sport leagues to discuss the proposed changes.
The following changes to the fee structure were recommended:
User Fees
Per Season
Co-Sponsored
Organization
(League
Boundaries)
Co-Sponsored
Organization
(Non-League
Boundaries)
Resident, Non
Co-Sponsored
Non-Resident,
Non
Co-Sponsored
Per Player
Rate
$ 10.00
$ 30.00
N/A
N/A
Hourly Field
Usage Rental
Rate
$ 0.00
$ 0.00
$ 30.00
$ 45.00
Hourly Field
Light Rate
$ 0.00
$ 0.00
$ 15.00
$ 15.00
At the September 9, 2014, Town Council meeting, council tabled the item in order for staff to
update the ordinance to reflect the new fee structure proposed above by the sports leagues and
return to the September 23, 2014, Town Council meeting for final approval. The effective date of
the proposed ordinance will be October 1, 2014; therefore implementation would begin prior to
the Spring 2015 season.
The Co-Sponsored league boundary structure is proposed to stay in effect until October 1,
2016, to allow the sports associations to reformat their boundary to only include Town of
Prosper Residents and PISD boundaries. At that time, Town staff will coordinate with the Co-
Sponsored organizations on two potential changes to the field user fees to differentiate between
resident and/or PISD and non-resident and/or non-PISD.
User Fees
Per Season
Co-Sponsored
(Resident/
PISD)
Co-Sponsored
(Non-Resident/
Non-PISD)
Resident, Non
Co-Sponsored
Non-Resident,
Non
Co-Sponsored
Per Player
Rate $ 10.00
$ 20.00 N/A N/A
Hourly Field
Usage Rental
Rate $ 0.00
$ 0.00 $ 30.00 $ 45.00
Hourly Field
Light Rate $ 0.00
$ 0.00 $ 15.00 $ 15.00
Item 6f
Page 3 of 3
Budget Impact:
The user fees help recover a portion of field maintenance costs.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the ordinance as to form and
legality.
Attached Documents:
1. Ordinance
Parks and Recreation Board Recommendation:
At the June 12, 2014, PARBd meeting, the Board recommended for co-sponsored leagues a
resident per player/season fee, non-resident fee of $10 more, and the hourly light fee of $15.
Town Staff Recommendation:
Town staff recommends that the Town Council approve an ordinance amending Section XIII,
“Parks and Recreation User Fees," of Appendix A to the Town's Code of Ordinances by
amending subsection (a) the field user fees.
Proposed Motion:
I move to approve an ordinance amending Section XIII, “Parks and Recreation User Fees," of
Appendix A to the Town's Code of Ordinances by amending subsection (a) the field user fees.
Item 6f
TOWN OF PROSPER, TEXAS ORDINANCE NO. 14-__
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, REPEALING EXISTING SUBSECTION (A) OF SECTION XIII, “PARKS
AND RECREATION USER FEES,” OF APPENDIX A TO THE TOWN’S CODE
OF ORDINANCES AND REPLACING THEM WITH A NEW SUBSECTION (A)
RELATIVE TO ATHLETIC FIELD USER FEES; 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
investigated and determined that the field user fees should be amended; and
WHEREAS, the Prosper Parks & Recreation Board has reviewed the proposed field
user fees and has recommended adoption of the same by the Town Council; and
WHEREAS, the Town Council hereby finds and determines that it will be advantageous,
beneficial and in the best interests of the citizens of Prosper to amend the field user fees, as set
forth below.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The findings set forth above are incorporated into the body of this Ordinance as if fully
set forth herein.
SECTION 2
From and after the effective date of this Ordinance, existing subsection (a) of Section
XIII, “Parks and Recreation User Fees,” of Appendix A to the Town’s Code of Ordinances are
hereby repealed and replaced with a new subsection (a), to read as follows:
“Sec. XIII Parks & Recreation User Fees
(a) Field User Fees. Prosper Youth Sport Commission leagues (co-sponsored leagues) – A
ten dollar ($10) fee per player per season shall be assessed for all co-sponsored league
participants who reside within league boundaries. A thirty dollar ($30) fee per player per
season shall be assessed for all participants who reside outside league boundaries.
Fees shall be paid in full prior to the use of any Town athletic field. The number of
scheduled practices and games will be assigned based on the facility use agreement
with the Town. For purposes of this Section, prior to the start of each season, each
league subject to the Prosper Youth Sports Commission shall determine and define its
boundaries.
A thirty dollar ($30) per hour athletic field use fee with an additional fifteen dollar ($15)
fee per hour for use of the field lights shall be required for non-co-sponsored resident
teams comprised of eighty percent (80%) or more Town of Prosper resident participants.
A forty-five dollar ($45) per hour athletic field use fee with an additional fifteen dollar
($15) per hour fee for use of the field lights shall be required for all other use.
Item 6f
Ordinance No. 14-__, Page 2
* * *”
SECTION 3
All provisions of any ordinance in conflict with this Ordinance are hereby repealed to the
extent they are in conflict; 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 portion of
conflicting ordinances shall remain in full force and effect.
SECTION 4
If any section, subsection, sentence, clause or phrase of this Ordinance is for any
reason held to be unconstitutional or invalid by a court of competent jurisdiction, such decision
shall not affect the validity of the remaining portions of this Ordinance. 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.
SECTION 5
This Ordinance shall take effect October 1, 2014, and be in full force from and after its
passage and publication, as provided by the Revised Civil Statutes of the State of Texas and
the Home Rule Charter of the Town of Prosper, Texas.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS ON THIS 23rd DAY OF SEPTEMBER, 2014.
APPROVED:
_________________________________________
Ray Smith, Mayor
ATTEST:
___________________________________
Robyn Battle, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
__________________________________
Terrence S. Welch, Town Attorney
Item 6f
Page 1 of 1
To: Mayor and Town Council
From: Hulon T. Webb, Jr, P.E., Executive Director of Development and Community
Services
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon authorizing the Town Manager to execute a Settlement and Release
Agreement between Oncor Electric Delivery Company LLC, and the Town of Prosper, Texas,
related to the reimbursement for overbilling of unmetered street lights.
Description of Agenda Item:
Oncor and its predecessors have been billing the Town prior to the start of retail competition in
January 2002, for providing electrical service to unmetered street lights in the Town of Prosper.
Oncor has determined that the number and/or type and/or size of the street lights for which the
Town has been billed have been inaccurate for a period of time. Since information is not readily
available to determine the exact number, type and size of street lights provided by Oncor during
the past, Oncor performed a survey of the number of existing street lights being serviced in the
Town. From that estimate they determined that a total of 4 lights were being billed, but were not in
service. Since the Energy Act of 2008 phased out Mercury Vapor Lights, Oncor is providing a
refund for the total amount charged for the 4 lights since 2008.
Budget Impact:
Oncor will reimburse the Town $4,761.89, for the overbilling since 2008.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the agreement as to form and
legality.
Attached Documents:
1. Settlement and Release Agreement
Town Staff Recommendation:
Town staff recommends that the Town Council authorize the Town Manager to execute a
Settlement and Release Agreement between Oncor Electric Delivery Company LLC, and the Town
of Prosper, Texas, related to the reimbursement for overbilling of unmetered street lights.
Proposed Motion:
I move to authorize the Town Manager to execute a Settlement and Release Agreement between
Oncor Electric Delivery Company LLC, and the Town of Prosper, Texas, related to the
reimbursement for overbilling of unmetered street lights.
Prosper is a place where everyone matters.
ENGINEERING
Item 6g
1
SETTLEMENT AND RELEASE AGREEMENT
This Settlement and Release Agreement (the “Agreement”) is made and entered into as of
_________ ___, 2014 (the “Effective Date”) by and between Oncor Electric Delivery Company
LLC (“Oncor”) and the Town of Prosper, Texas (the “Town”).
WHEREAS, Oncor and the Town agree that Oncor and its predecessors in interest have
been billing – either directly to the Town prior to the start of retail competition in January 2002
or to retail electric providers serving the Town since the start of retail competition in January
2002 – for providing service to unmetered street lights (the “Street Lights”) for which the Town
is the end-use customer; and
WHEREAS, Oncor and the Town agree that Oncor’s billings have, for an undetermined
period of time, been inaccurate with respect to the number and/or type and/or size of Street
Lights for which the Town is the end-use customer; and
WHEREAS, Oncor and the Town recognize that the information is not readily available
to determine the exact number, type, and size of streetlights provided by Oncor during the past;
and
WHEREAS, the overbilling of street light numbers has resulted in Town paying excess
charges not only for transmission and distribution service, but also for energy; and
WHEREAS, Oncor and the Town wish to avoid the expense of proceedings at either the
Public Utility Commission of Texas or state district court; and
WHEREAS, Oncor wishes to avoid the expense Oncor would incur if it were required to
cancel/rebill prior bills or invoices to the Town or to the Town’s retail electric provider(s).
NOW, THEREFORE, in order to fully and finally resolve all disputes and claims
arising out of or related to the billings by Oncor, Oncor’s predecessors in interest, the Town’s
retail electric providers, and the affiliated companies of each, for electricity consumed by the
Street Lights, and for the mutual covenants set forth in this Agreement, the adequacy and
sufficiency of which is acknowledged, Oncor and the Town agree as follows:
1. PAYMENT TO THE TOWN
No later than 30 days after the latest signature date set below, Oncor will pay the Town
the sum of $4,761.89.
Item 6g
2
2. RELEASE OF ONCOR AND ITS AFFILIATES, AND OF RETAIL ELECTRIC
PROVIDERS WHO PROVIDED STREET LIGHT SERVICE TO THE TOWN
The Town, on behalf of itself and its successors and assigns and any and all persons,
entities or municipalities claiming by, through or under them, hereby RELEASES,
DISCHARGES AND ACQUITS, forever and for all purposes, Oncor, its predecessors in
interest, and each of their respective agents, employees, officers, directors, shareholders,
partners, insurers, attorneys, legal representatives, successors, and assigns, as well as all
affiliated companies, including TXU Energy Company LLC and its subsidiaries, as well as all
retail electric providers from whom the Town has taken retail electric service, from and against
any and all liability which they now have, have had, or may have, and all past, present and future
actions, causes of action, claims, demands, damages, costs, expenses, compensation, losses, and
fees of any kind or nature whatsoever, whether known or unknown, fixed or contingent, in law or
in equity, whether asserted or unasserted, whether now existing or accruing in the future, arising
out of or related to the calculation, reporting, billing or invoicing of charges to the Town for
electric service for Street Lights through July 10, 2014.
3. AGREEMENT AS TO ACCURACY OF CURRENT STREET LIGHT BILLING
INFORMATION
Town does not dispute and agrees not to dispute that the current Street Light billing
information being used by Oncor for the Town’s Street Lights, including but not limited to the
number, types and sizes of Street Lights, as detailed on Attachment A, is accurate.
4. WARRANTY AS TO AUTHORITY
Oncor and the Town each warrant that the person executing this Agreement on their
behalf has the authority to bind the entity for whom such person signs this Agreement.
5. MISCELLANEOUS PROVISIONS
A. The parties acknowledge and agree that the terms of this Agreement are all
contractual and not mere recitals.
B. The parties acknowledge that they have read this Agreement in its entirety,
understand its terms, and that this Agreement is entered into voluntarily, without duress, and
with full knowledge of its legal significance.
Item 6g
3
C. This Agreement may not be modified in any manner, nor may any rights provided
for herein be waived, except in an instrument in writing signed by each party.
D. This Agreement shall be construed in accordance with the laws of the State of
Texas.
E. This Agreement, and any amendment hereto, may be executed in one or more
counterparts. All of such counterparts shall constitute one and the same agreement. The parties
expressly agree that any counterparts signed and delivered by electronic copy or facsimile shall
be deemed original documents and shall legally bind the parties to the same extent as originals.
IN WITNESS THEREOF, each party, by its duly authorized representative, has
executed this Agreement as of the applicable date set forth below, and by such execution, giving
the Agreement full force and effect as of the Effective Date.
ONCOR ELECTRIC DELIVERY COMPANY LLC
By: ____________________________________
Its: Vice President
STATE OF TEXAS §
COUNTY OF ___________ §
This instrument was acknowledged before me on the _____day of ____________, 2014,
by ____________________, of Oncor Electric Delivery Company LLC, on behalf of said entity.
__________________________________________
Notary Public, State of Texas
Item 6g
4
THE TOWN OF PROSPER, TEXAS
By: ____________________________________
Its: Town Manager
STATE OF TEXAS §
COUNTY OF ___________ §
This instrument was acknowledged before me on the _______ day of ______________, 2014,
by Harlan Jefferson, Town Manager, on behalf of the Town of Prosper, Texas.
__________________________________________
Notary Public, State of Texas
Item 6g
5
ATTACHMENT A
TOWN OF PROSPER
STREET LIGHTING BILLING TABLE AS OF JULY 10, 2014
Account Description Count Last Run Wattage Type Schedule
6003181 PROSPER, TOWN OF (100,HP,A) 105 07/10/2014 100 HP A
9095601 PROSPER, TOWN OF (150,MH,A) 69 07/10/2014 150 MH A
8388584 PROSPER, TOWN OF (175,MH,A) 104 07/10/2014 175 MH A
4392556 PROSPER, TOWN OF (175,MV,A) 30 07/10/2014 175 MV A
8926310 PROSPER, TOWN OF (250,MH,A) 1 07/10/2014 250 MH A
9223817 PROSPER, TOWN OF (400,HP,A) 8 07/10/2014 400 HP A
4392587 PROSPER, TOWN OF (400,MV,A) 1 07/10/2014 400 MV A
Item 6g
Page 1 of 2
To: Mayor and Town Council
From: Hulon T. Webb, Jr., P.E., Executive Director of Development and Community
Services
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon an ordinance repealing Section 1.04.001 “Time limit for speaking at certain
meetings” of Article 1.04 “Boards, Commissions and Committees” of Chapter 1 “General
Provisions” of the Town’s Code of Ordinances and replacing it with a new Division 1, entitled
“Library Board” to provide Library Board’s number of members, terms of office, vacancies,
selection of Chair and Vice-Chair, meetings, and power and authority.
Description of Agenda Item:
At the June 10, 2014, Town Council meeting, the Town Council approved a resolution approving
Bylaws for the Prosper Library Board which added two additional members to the Library Board,
for a total of seven members to be consistent with other Town Boards and Commissions. The
seven members did not include a representative from the Prosper Independent School District and
since the Prosper Community Library is currently located inside the Reynolds Middle School
Library, the Town Council requested that the adopted Bylaws be amended to add an additional
non-voting member to the Library Board. The Prosper Independent School District (PISD) will
appoint the non-voting member to the Library Board to serve as a liaison between the Library
Board and the PISD.
The proposed ordinance also provides for the codification of the provisions related to the Library
Board, which are currently found in the Library Board Bylaws, and to place the Library Board’s
powers and authority into the Town’s Code of Ordinances.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the ordinance as to form and legality.
Attached Documents:
1. Ordinance
Town Staff Recommendation:
Town staff recommends that the Town Council approve an ordinance repealing Section 1.04.001
“Time limit for speaking at certain meetings” of Article 1.04 “Boards, Commissions and
Committees” of Chapter 1 “General Provisions” of the Town’s Code of Ordinances and replacing it
with a new Division 1, entitled “Library Board” to provide Library Board’s number of members,
terms of office, vacancies, selection of Chair and Vice-Chair, meetings, and power and authority.
Prosper is a place where everyone matters.
LIBRARY
Item 6h
Page 2 of 2
Proposed Motion:
I move to approve an ordinance repealing Section 1.04.001 “Time limit for speaking at certain
meetings” of Article 1.04 “Boards, Commissions and Committees” of Chapter 1 “General
Provisions” of the Town’s Code of Ordinances and replacing it with a new Division 1, entitled
“Library Board” to provide Library Board’s number of members, terms of office, vacancies,
selection of Chair and Vice-Chair, meetings, and power and authority.
Item 6h
TOWN OF PROSPER, TEXAS ORDINANCE NO. 14-__
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, REPEALING EXISTING SECTION 1.04.001, “TIME LIMIT FOR
SPEAKING AT CERTAIN MEETINGS” OF ARTICLE 1.04, “BOARDS,
COMMISSIONS AND COMMITTEES,” OF CHAPTER 1, “GENERAL
PROVISIONS,” OF THE CODE OF ORDINANCES OF THE TOWN OF
PROSPER, TEXAS, AND REPLACING IT WITH A NEW DIVISION 1,
ENTITLED “LIBRARY BOARD” OF SAID ARTICLE AND CHAPTER;
GENERALLY PROVIDING FOR THE LIBRARY BOARD’S NUMBER OF
MEMBERS, TERMS OF OFFICE, VACANCIES, SELECTION OF CHAIR AND
VICE-CHAIR, MEETINGS, AND POWER AND AUTHORITY, AMONG
OTHERS; PROVIDING FOR REPEALING, SAVINGS AND SEVERABLITY
CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE OF THIS
ORDINANCE.
WHEREAS, in the past the Town Council of the Town of Prosper, Texas (“Town
Council”), previously has appointed members to the Library Board (“Board”), and approved
Bylaws related to said Board; and
WHEREAS, recently the Board has requested to clarify its adopted Bylaws and wishes
to provide for a Prosper Independent School District-selected, non-voting member who shall act
as a liaison between the Board and the School District; and
WHEREAS, the Town Council has determined that the additional non-voting member
would be of benefit to both the Town and the Prosper Independent School District, and fully
supports the creation of such a position; and
WHEREAS, it is the desire of the Town Council to provide for the codification of the
provisions related to the Board, which provisions now are found in the Board’s Bylaws, and to
place said Board in a status similar to other Town boards and commissions; and
WHEREAS, the Town Council further has determined that the Board’s powers and
authority should be clear, and contained in the Town’s Code of Ordinances, which Code is
readily available to the public.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The findings set forth above are incorporated into the body of this Ordinance as if fully
set forth herein.
SECTION 2
From and after the effective date of this Ordinance, existing Section 1.04.001, “Time
limits for speaking at certain meetings,” of Article 1.04, “Boards, Commissions and Committees,”
of Chapter 1, “General Provisions,” of the Town’s Code of Ordinances is hereby repealed in its
entirety and replaced with a new Division 1, “Library Board,” of said article and chapter, and to
read as follows:
Item 6h
Ordinance No. 14-__, Page 2
“ARTICLE 1.04 BOARDS, COMMISSIONS AND COMMITTEES
Division 1. Library Board
Sec. 1.04.001 Establishment
There is hereby created and established within the Town a Library Board which shall be subject
to the jurisdiction of the Town Council and shall constitute an advisory board to the Town
Council.
Sec. 1.04.002 Number of members
(a) The Library Board shall be composed of seven (7) members appointed by the Town
Council. Members of the Library Board shall be a resident of the Town or reside within the
Town’s extraterritorial jurisdiction.
(b) The members shall serve at the pleasure of the Town Council and may be removed at
the discretion of the Town Council.
(c) Prosper Independent School District (PISD) shall appoint a non-voting member to the
Library Board, with said member to serve as a liaison between the Library Board and PISD.
The PISD liaison is not required to meet the eligibility requirements established by the Town
Council for Town boards and commissions, does not have a term of office, may not vote, and
may not serve as an officer of the Library Board.
Sec. 1.04.003 Term of office
The term of office of each Library Board regular member shall be two (2) years. Places 2, 4,
and 6 shall be appointed in even-numbered years, and Places 1, 3, 5, and 7 shall be appointed
in odd-numbered years.
Sec. 1.04.004 Chair/Vice-Chair/Quorum and Procedure
(a) The Library Board shall have a Chair and Vice-Chair whose terms shall be one (1) year,
but not more than two (2) consecutive terms in one office and no regular member shall serve for
a total period of more than two (2) consecutive years as Chair or Vice-Chair.
(b) At the first scheduled meeting of the Board in October of each year, or as soon as
practicable, the first item of business shall be the selection of the Board’s Chair and Vice-Chair.
The Chair and Vice-Chair shall be appointed by a majority vote of the Board. Four (4) regular
members of the Library Board shall constitute a quorum for transaction of business.
(1) The Chair shall preside over meetings and shall be entitled to vote upon each
issue.
(2) The Vice-Chair shall assist the Chair in directing the affairs of the Library Board.
In the absence of the Chair, the Vice-Chair shall assume all duties of the Chair.
(3) In the event of resignation or incapacity of the Chair; the Vice-Chair shall become
the Chair for the unexpired portion of the term.
Item 6h
Ordinance No. 14-__, Page 3
(4) A vacancy of the office of Vice-Chair shall be filled for the unexpired term by
special election of the Board.
(5) The Chair shall preside at all meetings; represent the Library Board at public
functions of the Town of Prosper and at events such as special Library events,
local, state, or national advocacy activities for the Library or for local, state, or
national association activities; appoint standing, special, or ad hoc committees;
assist the Library Director in establishing the agenda for each meeting (agenda
items requested by any Library Board member will be included); and act as
liaison with the Town Council regarding library issues.
(6) The Vice-Chair shall assist the Chair in directing the affairs of the Library Board
and act in the Chair’s absence; and serve as Chair of ad hoc or special
committees or projects such as Chair of an advocacy initiative.
(c) A simple majority of the regular members shall constitute a quorum at all meetings of the
Library Board. If a quorum is not present, the meeting shall be cancelled. All questions
presented for a vote of the Library Board shall be decided by a simple majority of the quorum,
including the vote of the Chair. Robert’s Rules of Order, Newly Revised, shall govern the
parliamentary procedure of the Library Board in all cases to which they are applicable.
Sec. 1.04.005 Meetings
The regular meeting of the Library Board shall be held monthly, at a time designated by the
Library Board, in the Library or such other place the Library Board may determine and at such
other times as the Library Board, Town Council, and/or the Library Director deem necessary
and appropriate. All meetings shall be held in a public place with public notice as prescribed by
law.
Sec. 1.04.006 Absences
Library Board regular members are expected to maintain regular attendance at meetings in
accordance with the attendance policy established by the Town Charter and the Board and
Commission Appointment Policies and Procedures.
Sec. 1.04.007 Powers and authority
Library Board members provide opinion, support, and expertise as needed, but do not have
governing authority. Library Board members shall:
(1) Provide advice and counsel to the Library Director, Executive Director of
Development and Community Services, the Town Manager, and the Town
Council, as requested, in matters relating to the services rendered by the Library.
(2) Study the need for, and encourage the development of, adequate Library
facilities.
(3) Recommend general policies of Library service for approval by the Town Council.
(4) Recommend to the Town Council suggested programs for the development of
Library facilities and necessary financial support for those facilities.
(5) Receive, in the name of and for the Town, donations, gifts, and bequests whether
of land, money, securities, books, and manuscripts, collections of historical
Item 6h
Ordinance No. 14-__, Page 4
nature or materials, or local historical relics to be devoted to Library uses or
purposes.
(6) Make any recommendations to the Town Council regarding Library matters that it
deems advisable.
(7) Assist in strategic planning.
(8) The Library Board shall develop for Town Council review the rules and
regulations as may be prescribed by the Town Council for the conduct of its
business.
(9) Encourage in every possible way the development and advancement of the
public library at local, regional, state, and national levels.
(10) Participate in advocacy initiatives including, but not limited to, local issues,
including funding issues and requests, state advocacy activities, and federal
advocacy initiatives.
Division 2. Reserved”
SECTION 3
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. The
Town 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 4
All provisions of any ordinance in conflict with this Ordinance are hereby repealed to the
extent they are in conflict, and any remaining portions of said ordinances shall remain in full
force and effect.
SECTION 5
This Ordinance shall become effective from and after its adoption and publication as
required by law.
DULY PASSED, APPROVED, AND ADOPTED BY THE TOWN COUNCIL OF THE
TOWN OF PROSPER, TEXAS, ON THIS 23rd DAY OF SEPTEMBER, 2014.
___________________________________
ATTEST: Ray Smith, Mayor
_________________________________
Robyn Battle, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
_________________________________
Terrence S. Welch, Town Attorney
Item 6h
Page 1 of 2
To: Mayor and Town Council
From: Will Mitchell, M.S., CPRP, Parks and Recreation Manager
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon an ordinance repealing Section 1.09.082 “Number of members,” Section
1.09.085 “Chair/vice-chair/secretary/quorum,” and Section 1.09.088 “Powers and authority” of
Division 3 “Parks and Recreation Board” of Article 1.09 “Parks and Recreation” of Chapter 1
“General Provisions” of the Town’s Code of Ordinances and replacing said sections with a new
Section 1.09.082 “Number of members,” Section 1.09.085 “Chair/vice-chair/quorum,” and
Section 1.09.088 “Powers and authority,” regarding residency requirements for the members of
the Parks and Recreation Board, selection of Chair and Vice-Chair, and powers and authority.
Description of Agenda Item:
In 2005, the Town Council adopted Ordinance No. 05-87 establishing the Parks and Recreation
Board. The Ordinance states that the Board shall be comprised of a Chair, Vice-Chair, and
Secretary and requires the Town Council appoint the Chair and Vice-Chair of the Board. It has
been determined that the role of the Secretary can effectively be accomplished by the Chair
and/or Vice-Chair; therefore, Town staff recommends removal of the Secretary from the Board.
In order to create a more efficient appointment process for a Chair and Vice-Chair of the Board,
Town staff recommends that the appointment be determined by a majority vote of the Board, as
opposed to appointment by Town Council. Additionally, congruent with other policies and
practices Town board and commission members should either live in the Town, or within the
extraterritorial jurisdiction of the Town.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the ordinance as to form and
legality.
Attached Documents:
1. Ordinance.
Town Staff Recommendation:
Town staff recommends that the Town Council approve an ordinance amending Section
1.09.082 “Number of members,” Section 1.09.085 “Chair/vice-chair/secretary/quorum,” and
Section 1.09.088 “Powers and authority” of Division 3 “Parks and Recreation Board” of Article
1.09 “Parks and Recreation” of Chapter 1 “General Provisions” of the Town’s Code of
Prosper is a place where everyone matters.
PARKS &
RECREATION
Item 6i
Page 2 of 2
Ordinances and replacing said sections with a new Section 1.09.082 “Number of members,”
Section 1.09.085 “Chair/vice-chair/quorum,” and Section 1.09.088 “Powers and authority,”
regarding residency requirements for the members of the Parks and Recreation Board,
selection of Chair and Vice-Chair, and powers and authority.
Proposed Motion:
I move to approve an ordinance amending Section 1.09.082 “Number of members,” Section
1.09.085 “Chair/vice-chair/secretary/quorum,” and Section 1.09.088 “Powers and authority” of
Division 3 “Parks and Recreation Board” of Article 1.09 “Parks and Recreation” of Chapter 1
“General Provisions” of the Town’s Code of Ordinances and replacing said sections with a new
Section 1.09.082 “Number of members,” Section 1.09.085 “Chair/vice-chair/quorum,” and
Section 1.09.088 “Powers and authority,” regarding residency requirements for the members of
the Parks and Recreation Board, selection of Chair and Vice-Chair, and powers and authority.
Item 6i
TOWN OF PROSPER, TEXAS ORDINANCE NO. 14-__
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, REPEALING EXISTING SECTION 1.09.082, “NUMBER OF
MEMBERS,” SECTION 1.09.085, “CHAIR/VICE-CHAIR/SECRETARY/
QUORUM,” AND SECTION 1.09.088, “POWER AND AUTHORITY,” OF
DIVISION 3, “PARKS AND RECREATION BOARD,” OF ARTICLE 1.09,
“PARKS AND RECREATION,” OF CHAPTER 1, “GENERAL PROVISIONS,”
OF THE TOWN’S CODE OF ORDINANCES AND REPLACING SAID
SECTIONS WITH A NEW SECTION 1.09.082, “NUMBER OF MEMBERS,”
SECTION 1.09.085, “CHAIR/VICE-CHAIR/QUORUM,” AND SECTION
1.09.088, “POWERS AND AUTHORITY,” REGARDING RESIDENCY
REQUIREMENTS FOR MEMBERS OF THE PARKS AND RECREATION
BOARD, THE APPOINTMENT OF THE CH AIR AND VICE-CHAIR OF THE
PARKS AND RECREATION BOARD, AND THE POWER AND DUTIES OF
THE PARKS AND RECREATION BOARD, RESPECTIVELY; PROVIDING FOR
REPEALING, SAVINGS AND SEVERABLITY CLAUSES; AND PROVIDING
FOR AN EFFECTIVE DATE OF THIS ORDINANCE.
WHEREAS, the Town Council of the Town of Prosper, Texas (“Town Council”),
previously has provided for the creation of the Parks and Recreation Board (“Board”),
requirements for membership on the Board, the appointment of officers of the Board, and the
duties of the Board; and
WHEREAS, consistent with other Town policies and practices, it has been determined
by the Town Council that Town board and commission members should either live in the Town,
or within the extraterritorial jurisdiction of the Town; and
WHEREAS, the Town Council also has determined that the role and function of the
Board Secretary can be effectively accomplished by the Chair and/or Vice-Chair of the Board;
and
WHEREAS, the Town Council additionally has determined that the appointment of the
Board Chair and Vice-Chair should be determined by a majority vote of the Board; and
WHEREAS, the Town Council further has determined that the Board’s powers and
authority should be clarified to be consistent with the actual powers and authority presently
exercised by the Board.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The findings set forth above are incorporated into the body of this Ordinance as if fully
set forth herein.
SECTION 2
From and after the effective date of this Ordinance, existing Section 1.09.082, “Number
of Members,” Section 1.09.085, “Chair/Vice-Chair/Secretary,” and Section 1.09.088, “Powers
Item 6i
Ordinance No. 14-__, Page 2
and Authority,” of Division 3, “Parks and Recreation Board,” of Article 1.09, “Parks and
Recreation,” of Chapter 1, “General Provisions,” of the Town’s Code of Ordinances and are
hereby repealed in their entirety and replaced with a new Section 1.09.082, “Number of
Members” and a new Section 1.09.085, “Chair/Vice-Chair/Quorum,” to read as follows:
“Sec. 1.09.082 Number of Members
(a) The Parks and Recreation Board shall be composed of seven (7) members appointed by
the Town Council. Members of the Parks and Recreation Board shall be a resident of the Town
or reside within the Town’s extraterritorial jurisdiction.
(b) The members shall serve at the pleasure of the Town Council and may be removed at
the discretion of the Town Council.
* * *
Sec. 1.09.085 Chair/Vice-Chair/Quorum
The Parks and Recreation Board shall have a Chair and Vice-Chair whose terms shall be one
(1) year. At the first scheduled meeting of the Board in October of each year, or as soon as
practicable, the first item of business shall be the selection of the Board’s Chair and Vice-Chair.
The Chair and Vice-Chair shall be appointed by a majority vote of the Board. Four (4) members
of the parks and recreation board shall constitute a quorum for transaction of business.
(1) The Chair shall preside over meetings and shall be entitled to vote upon each
issue.
(2) The Vice-Chair shall assist the Chair in directing the affairs of the Parks and
Recreation Board. In the absence of the Chair, the Vice-Chair shall assume all
duties of the Chair.
(3) The Director of Parks and Recreation, if appointed, shall be an ex-officio member
of the Parks and Recreation Board, with the responsibility to participate in
discussions but without the right to vote.
* * *
Sec. 1.09.088 Powers and Authority
The Board shall have the following powers and perform the following duties:
(1) Provide advice and counsel to the Parks and Recreation Department, the
Executive Director of Development and Community Services, the Town Manager,
and the Town Council, as requested, in matters relating to the Town’s parks and
the recreation services provided by the Town.
(2) Study the need for, and encourage the development of, adequate parks and
recreation facilities.
(3) Recommend policies for parks and recreational services provided by the Town,
subject to approval by the Town Council.
Item 6i
Ordinance No. 14-__, Page 3
(4) Recommend to the Town Council suggested programs for the development of
park and recreational facilities and recommended financial support for those
facilities.
(5) Make any recommendations to the Town Council regarding parks and recreation
matters that it deems advisable.
(6) Assist in strategic planning.
(7) Encourage the development and advancement of the Town’s parks and
recreational services.”
SECTION 3
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. The
Town 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 4
All provisions of any ordinance in conflict with this Ordinance are hereby repealed to the
extent they are in conflict, and any remaining portions of said ordinances shall remain in full
force and effect.
SECTION 5
This Ordinance shall become effective from and after its adoption and publication as
required by law.
DULY PASSED, APPROVED, AND ADOPTED BY THE TOWN COUNCIL OF THE
TOWN OF PROSPER, TEXAS, ON THIS 23rd DAY OF SEPTEMBER, 2014.
___________________________________
Ray Smith, Mayor
ATTEST:
_________________________________
Robyn Battle, Town Secretary
Item 6i
Ordinance No. 14-__, Page 4
APPROVED AS TO FORM AND LEGALITY:
_________________________________
Terrence S. Welch, Town Attorney
Item 6i
Page 1 of 2
To: Mayor and Town Council
From: Alex Glushko, AICP, Senior Planner
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon an ordinance amending Section 3.02.010 “Officers” of Article 3.02
“Construction Board of Appeals” of Chapter 3 “Building Regulations” of the Town’s Code of
Ordinances, regarding the composition and appointment of Board members.
Description of Agenda Item:
In 2005, the Town Council adopted Ordinance No. 05-39 establishing the Construction Board of
Appeals. The ordinance states that the officers of the Board shall be a Chair, Vice-Chair, and
Secretary, and further requires the Town Council to appoint the Chair and Vice-Chair of the
Board. It has been determined that the role of the Secretary effectively can be accomplished by
the Chair and/or Vice-Chair, and therefore, Town staff recommends the removal of the
Secretary position as an officer of the Board. Additionally, in order to be more consistent with
other Town Boards and Commissions, and to create a more efficient appointment process for a
Chair and Vice-Chair of the Board, Town staff recommends that the Chair and Vice-Chair be
selected by a majority vote of the Board, as opposed to appointment of the Chair and Vice-Chair
by the Town Council.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the ordinance as to form and
legality.
Attached Documents:
1. Proposed ordinance.
Town Staff Recommendation:
Town staff recommends that the Town Council adopt an ordinance amending Section 3.02.010
“Officers” of Article 3.02 “Construction Board of Appeals” of Chapter 3 “Building Regulations” of
the Town’s Code of Ordinances by amending the appointment process of the officers to the
Construction Board of Appeals.
Prosper is a place where everyone matters.
PLANNING
Item 6j
Page 2 of 2
Proposed Motion:
I move to approve an ordinance amending Section 3.02.010 “Officers” of Article 3.02
“Construction Board of Appeals” of Chapter 3 “Building Regulations” of the Town’s Code of
Ordinances by amending the appointment process of the officers to the Construction Board of
Appeals.
Item 6j
TOWN OF PROSPER, TEXAS ORDINANCE NO. 14-__
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, AMENDING SECTION 3.02.010, “OFFICERS,” OF ARTICLE 3.02,
“CONSTRUCTION BOARD OF APPEALS,” OF CHAPTER 3, “BUILDING
REGULATIONS,” OF THE TOWN’S CODE OF ORDINANCES REGARDING
THE COMPOSITION OF THE BOARD AND THE APPOINTMENT OF THE
CHAIR AND VICE-CHAIR OF THE CONSTRUCTION BOARD OF APPEALS;
PROVIDING FOR THE DESIGNATION OF OFFICERS; PROVIDING FOR
REPEALING, SAVINGS AND SEVERABLITY CLAUSES; AND PROVIDING
FOR AN EFFECTIVE DATE OF THIS ORDINANCE.
WHEREAS, the Town Council of the Town of Prosper, Texas (“Town Council”), adopted
Ordinance No. 05-39 on or about June 14, 2005, which Ordinance provided, in part, for the
composition of Board members and the appointment of a Chair and Vice-Chair of the
Construction Board of Appeals (“Board”); and
WHEREAS, the Town Council has determined that the role and function of the Board
Secretary can be effectively accomplished by the Chair and/or Vice-Chair of the Board; and
WHEREAS, the Town Council also has determined that the appointment of the Board
Chair and Vice-Chair should be determined by a majority vote of the Board.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The findings set forth above are incorporated into the body of this Ordinance as if fully
set forth herein.
SECTION 2
From and after the effective date of this Ordinance, Section 3.02.010, “Officers,” of
Article 3.02, “Construction Board of Appeals,” of Chapter 3, “Building Regulations,” of the
Town’s Code of Ordinances is hereby amended to read as follows:
“Sec. 3.02.010 Officers
The Board shall have a Chair and a Vice-Chair whose terms shall be one (1) year. The Chair
and Vice-Chair shall be selected by a majority vote of the Construction Board of Appeals. The
Chair shall preside over meetings and shall be entitled to vote upon each issue. The Vice-Chair
shall assist the Chair in directing the affairs of the Board. In the absence of the Chair, the Vice-
Chair shall assume the duties of the Chair. The Chair and/or Vice-Chair shall keep the Minutes
of all meetings and may accept the assistance of Town personnel in taking and transcribing
minutes.”
Item 6j
Ordinance No. 14-__, Page 2
SECTION 3
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. The
Town 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 4
All provisions of any ordinance in conflict with this Ordinance are hereby repealed to the
extent they are in conflict, and any remaining portions of said ordinances shall remain in full
force and effect.
SECTION 5
This Ordinance shall become effective from and after its adoption and publication as
required by law.
DULY PASSED, APPROVED, AND ADOPTED BY THE TOWN COUNCIL OF THE
TOWN OF PROSPER, TEXAS, ON THIS 23rd DAY OF SEPTEMBER, 2014.
___________________________________
Ray Smith, Mayor
ATTEST:
_________________________________
Robyn Battle, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
_________________________________
Terrence S. Welch, Town Attorney
Item 6j
To: Mayor and Town Council
From: Alex Glushko, AICP, Senior Planner
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
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/or preliminary site plans acted on by the Planning & Zoning
Commission at their September 16, 2014, 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. Site plan for Prosper Retail.
2. Site plan for One Plus Realty.
3. Site plan for Tuscan Town Square.
Town Staff Recommendation:
Town staff recommends that the Town Council take no action on this item.
Prosper is a place where everyone matters.
PLANNING
Item 6k
09/09/2014114389
JOSHUA A. LINCOLN
RKM & Associates, Inc.
&RS\ULJKW)LUP1R)
PROSPER RETAIL - LOT 3R - TOWN OF PROSPER, TEXAS - RKM PROJECT NO. 1048-004SITE PLANSeptember 09, 2014CIVIL ENGINEER:RKM & Associates, Inc.1700 Alma Drive, Suite 227Plano, Texas 75075Tel. No. (469) 361-1416Fax (972) 361-2485Contact: Joshua A. Lincoln, P.E.OWNER / APPLICANT:PROSPER RETAILBLOCK A, LOT 3R1.44 ACRESSITUATED IN THEJEREMIAH HORN SURVEY, ABSTRACT NO. 411TOWN OF PROSPER, COLLIN COUNTY, TEXASRosebriar Prosper Plaza, L.P.P.O. Box 541208Dallas, Texas 75354Tel. No. (214) 902-2287Contact: William R. Hanks"C"62,708 sf 1.44 Ac.RETAIL / RESTAURANTItem 6k
Item 6k
PRELIMINARY
NOT FOR CONSTRUCTION
Square of ProsperLots 1-4, Block 1Tuscan Town32Final Site Plan6
Item 6k
Page 1 of 4
To: Mayor and Town Council
From: Alex Glushko, AICP, Senior Planner
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Conduct a Public Hearing, and consider and act upon a request to rezone 60.9± acres, located
2,000± feet south of First Street, 3,000± feet west of Dallas Parkway, from Planned
Development-47 (PD-47) to Planned Development-Single Family-10 (PD-SF-10). (Z14-0013).
History:
At the September 9, 2014, Town Council meeting, this item was tabled to allow the applicant an
opportunity to revise the application to align the proposed PD-SF-10 development standards
with the straight SF-10 District development standards, specifically regarding minimum lot area
and side yard setback. The applicant has revised their request to provide development
standards more consistent with the straight SF-10 District, as shown on the comparison table on
page 2 of the staff report.
Description of Agenda Item:
The zoning and land use of the surrounding properties are as follows:
Zoning
Current Land Use
Future Land Use
Plan
Subject
Property
Planned Development-47-
Commercial Undeveloped Dallas North Tollway
District
North
Agricultural Undeveloped Dallas North Tollway
District
East
Planned Development-41-Mixed
Use Undeveloped Dallas North Tollway
District
South
Planned Development-47-
Commercial Corridor Undeveloped Dallas North Tollway
District
West
Commercial and Planned
Development-65-Single Family Undeveloped Dallas North Tollway
District
Prosper is a place where everyone matters.
PLANNING
Item 8
Page 2 of 4
Requested Zoning – Z14-0013 is a request to rezone 60.9± acres, located 2,000± feet south of
First Street, 3,000± feet west of Dallas Parkway, from Planned Development-47 (PD-47) to
Planned Development-Single Family-10 (PD-SF-10). The proposed PD-SF-10 District allows
for the development of single-family lots on the property generally in accordance with the
straight SF-10 District, with the exception of the minimum lot depth and minimum dwelling area
requirements. The PD-SF-10 regulations are attached. Town staff has compared the proposed
PD-SF-10 development standards to the straight SF-10 District development standards in the
following table:
Proposed PD-SF-10 Straight SF-10
Min. Lot Area 10,000 square feet 10,000 square feet
Min. Lot Width
80 feet,
70 feet on cul-de-sacs and/or elbows, and
the minimum street frontage for all lots at
the front property line shall be 40 feet
80 feet
Min. Lot Depth
120 feet,
110 feet on cul-de-sacs and/or elbows
125 feet
Min. Dwelling
Area 2,500 square feet 1,800 square feet
Front Yard
Setback 25 feet 25 feet
Side Yard
Setback
8 feet,
15 feet on corner lots
adjacent to a side street
8 feet,
15 feet on corner lots
adjacent to a side street
Rear Yard
Setback 25 feet 25 feet
Maximum
Height 40 feet 40 feet
The following are the proposed development standards that exceed the Town’s minimum
standards:
1. Landscape setback adjacent to Town thoroughfares – The PD requires a minimum 40-foot
landscape setback adjacent to Town thoroughfares. The Town’s Subdivision Ordinance
requires a minimum 25-foot landscape setback adjacent to a thoroughfare.
2. Building and Architectural Standards – The PD requires all homes to have an exterior lighting
package to illuminate front entrances, garages, and landscaping and trees located in the front
yard. The PD provides several standards to minimize the repetition of home elevations, to
require a mix of swing-in garages and front facing garage doors, to provide for enhanced
Item 8
Page 3 of 4
driveway paving treatments, and to prohibit carports. These standards exceed those in the
Zoning Ordinance.
3. Fencing – The PD requires fencing adjacent to open space, parks, or floodplain to be
ornamental metal. In addition to complying with the Town’s fence ordinance, the PD requires
all wooden fencing to be cedar, board-on-board with a top rail, and for the development to
establish a common stain color. The PD also requires privacy fences on single family
residential lots shall be located ten (10) feet behind the front elevation of the main building
and shall not exceed eight (8) feet in height above grade. These standards exceed the
Town’s standards.
Future Land Use Plan – The Future Land Use Plan (FLUP) recommends Dallas North Tollway
District uses for the property. The existing zoning, Planned Development-47 (PD-47), currently
allows for development of the property in accordance with the Commercial (C) District. The
proposed PD District allows for the development of single-family lots on the property, which
eliminates 61 acres of land zoned for commercial, retail, and office uses, which supports the
Comprehensive Plan’s goal of avoiding an oversupply of retail zoning. The zoning request
conforms to the FLUP.
Thoroughfare Plan – The property is adjacent to future Mahard Parkway, a future four-lane
divided thoroughfare and future Prairie Drive, a future four-lane divided thoroughfare. The
zoning exhibit complies with the Thoroughfare Plan.
Water and Sanitary Sewer Services – Water service and sanitary sewer service will have to be
extended to the property either before or with development.
Access – Access to the property will be provided from future Mahard Parkway and future Prairie
Drive.
Schools – This property is located within the Prosper Independent School District (PISD). Any
future school sites are to be determined at the time of preliminary plat.
Parks – This property is subject to the Town’s park dedication requirements as they exist or may
be amended. Hike and bike trails have been shown conceptually on Exhibit D. Any future park
sites and hike and bike trail locations are to be determined at the time of preliminary plat.
Environmental Considerations – There is no 100-year floodplain located on the property.
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 not received any public hearing notice reply forms.
Attached Documents:
1. Zoning Exhibits A, B, C, D, and E.
2. Zoning map of the surrounding area.
Planning & Zoning Commission Recommendation:
At their August 19, 2014, meeting, the Planning & Zoning Commission recommended the Town
Council approve a request to rezone 60.9± acres, located 2,000± feet south of First Street,
3,000± feet west of Dallas Parkway, from Planned Development-47 (PD-47) to Planned
Development-Single Family-10 (PD-SF-10), by a vote of 5-0, subject to adding a clause to the
Item 8
Page 4 of 4
first sentence of Exhibit C to read “as it exists, or may be amended.” Since the Planning &
Zoning Commission meeting, the applicant has revised Exhibit C per the Commission’s
recommendation.
Town Staff Recommendation:
Town staff recommends that the Town Council approve a request to rezone 60.9± acres,
located 2,000± feet south of First Street, 3,000± feet west of Dallas Parkway, from Planned
Development-47 (PD-47) to Planned Development-Single Family-10 (PD-SF-10).
Proposed Motion:
I move to approve the request to rezone 60.9± acres, located 2,000± feet south of First Street,
3,000± feet west of Dallas Parkway, from Planned Development-47 (PD-47) to Planned
Development-Single Family-10 (PD-SF-10).
Item 8
6
:1260.83'6
(
38.04'6
:335.89'6
:312.66'6
:1138.45'1
(650.09'1
:426.27'1
(1241.69'1
(1529.41'
BEING a parcel of land situated in the Town of Prosper, Collin County, Texas, a part of the Collin County School
Land Survey, Abstract No. 147, and being a part of that called 55.50 acre tract of land described in a special warranty
deed to 110 Prosper Property, L.P., as recorded in Document No. 20091218001516510, Official Public Records of
Collin County, Texas, and being a part of that called 55.44 acre tract of land described in a special warranty deed to
110 Prosper Property, L.P., as recorded in Document No. 20091221001521410, Official Public Records of Collin
County, Texas, and being further described as follows:
BEGINNING at the northwest corner of said 55.50 acre tract of land;
THENCE North 89 degrees 27 minutes 14 seconds East, 1529.41 feet to the northeast corner of said 55.44 acre tract
of land;
THENCE along the east line of said 55.44 acre tract of land as follows:
South 00 degrees 13 minutes 08 seconds West, 1260.83 feet to a point for corner;
South 89 degrees 32 minutes 42 seconds East, 38.04 feet to a point for corner;
South 00 degrees 28 minutes 11 seconds West, 335.89 feet to a point for corner;
South 00 degrees 23 minutes 22 seconds West, 312.66 feet to a point for corner;
THENCE South 89 degrees 51 minutes 56 seconds West, 1138.45 feet to a point for corner in the west line of said
55.50 acre tract of land;
THENCE along the west line of said 55.50 acre tract of land as follows:
North 00 degrees 26 minutes 20 seconds East, 650.09 feet to a point for corner;
North 89 degrees 25 minutes 08 seconds West, 426.27 feet to a point for corner;
North 00 degrees 05 minutes 38 seconds East, 1241.69 feet to the POINT OF BEGINNING and containing
60.914 acres of land.
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to be used to convey or establish interests in real property except those rights and interests implied or established by
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____________________________
Dan B. Ramsey, R.P.L.S. No. 4172
June 23, 2014
Item 8
WINDRIDGE SEPT 11, 2014
EXHIBIT B
WINDRIDGE
STATEMENT OF INTENT AND PURPOSE
Windridge is intended to be a high quality, single family neighborhood which is compatible with its
surrounding uses. The neighborhood’s proximity to the Dallas North Tollway will provide an opportunity
to create a place that has the quality of life Prosper residents expect as well as easy access to other areas
in the Dallas-Fort Worth Metro-plex.
Item 8
WINDRIDGE SEPT 11, 2014
EXHIBIT C
WINDRIDGE (#Z14-0013)
PLANNED DEVELOPMENT STANDARDS
The property shall be developed in accordance with the Single Family-10 (SF-10) District and the
regulations of the Town’s Zoning Ordinance (Ordinance No. 05-20) as it currently exists or may be
amended, except as otherwise set forth in these Development Standards.
1.0 GENERAL STANDARDS
1.01 The design and development of the Windridge community shall take place in general accordance
with Exhibit D.
1.02 A minimum 40’ landscape buffer shall be provided adjacent to all arterial streets identified on the
Prosper Thoroughfare Plan. The buffer shall be located in a private “non-buildable” lot that is
owned and maintained by the HOA. All plantings, screening walls, and design elements shall
comply with the Town’s Subdivision Ordinance as it exists or may be amended.
1.03 The open spaces and detention areas shown on the Concept Plan shall be landscaped and
maintained by the Homeowners Association.
2.0 RESIDENTIAL STANDARDS
2.01 Minimum Lot Width: 80’. On cul-de-sacs and/or elbows, the minimum lot width shall be 70’.
The minimum street frontage for all lots at the front property line shall be 40’.
2.02 Minimum Lot Depth: 120’. On cul-de-sacs and/or elbows, the minimum lot depth shall be 110’.
2.03 Minimum Dwelling Area: 2,500 square feet.
3.0 BUILDING STANDARDS
3.01 All homes shall provide an exterior lighting package to illuminate the fronts of homes. The
package shall include a minimum of 2 up or down lights to accent building architectural and/or
landscape features. Security lighting may not be substituted for accent lighting.
3.02 Home elevations shall alternate at a minimum of every 4 homes on the same side of a street and
every 3 homes on the opposite sides of a street.
3.03 All fencing located on single family lots adjacent to open spaces shall consist of ornamental
metal/tubular steel.
3.04 All wooden fencing shall be cedar, board-on-board with a top rail, and comply with the Town’s
fencing standards as they exist or may be amended. A common wood fence stain color shall be
established for the development.
3.05 Privacy fences on single family residential lots shall be located no closer to the front property line
than 10’ behind the front elevation of the house and shall not exceed 8’ in height above grade.
3.06 Homes on a minimum of 2/3 of the single family lots within the community shall utilize swing in
garages. For purposes of this item, when garages for 3 cars are provided and the 2 car garage is a
swing in garage, the home shall be considered as to have provided a swing in garage.
3.07 Garage Doors:
A. Garage doors shall be cedar clad and stained.
B. Except for garage doors provided on swing in garages, garage doors shall not be located
closer to the street than the primary front façade of the home.
3.08 Carports shall be prohibited.
Item 8
WINDRIDGE SEPT 11, 2014
3.09 Driveways: Enhanced paving treatments shall be provided for all driveways and shall consist of
one of the following, or other treatment as approved by the Director of Development Services.
A. Stamp and stain/patterned concrete (must be dust-on color application to wet concrete).
B. Acid-etched colored concrete for the field with scored smooth colored borders (must use
dust-on color application to wet concrete).
C. Colored concrete with scored smooth border (must use dust-on color application to wet
concrete).
D. Brick or interlocking pavers or pave stone.
Item 8
6
:1260.83'6
(
38.04'6
:335.89'6
:312.66'6
:1138.45'1
(650.09'1
:426.27'1
(1241.69'1
(1529.41'
Item 8
WINDRIDGE SEPT 11, 2014
EXHIBIT E
WINDRIDGE
DEVELOPMENT SCHEDULE
It is anticipated that construction of the Windridge neighborhood will begin January 2015. Phase 2 of the
neighborhood will start when market conditions dictate.
Item 8
CR 26W FIRST ST
DALL AS P
KWYW UNIVERSITY DR S DALLAS PKWYS LEGACY DRFISHT
R
A
P
R
D
CC
PD-19
S-6
CC
PD-20
M
PD-41
CC
PD-43
BP
PD-14
R
PD-14
SF
PD-66
SF
PD-66
SF
PD-66
SF
PD-65
C
PD-47
CC
PD-47
C
PD-65
SF-15
SF-15
A
A
CC
SF-15
CCC
A
SF-15
CC
C
CC
A
CC
A
ACC CC
C
R
AA R
Z14-0013
±0 400 800
Feet
1 inch = 800 feet
Item 8
Page 1 of 4
To: Mayor and Town Council
From: John Webb, AICP, Director of Development Services
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Conduct a Public Hearing, and consider and act upon a request for a Specific Use Permit (SUP)
for a New Automobile Sales/Leasing facility, on 16.1± acres, located on the north side of US
380, 4,000± feet west of Dallas Parkway. The property is zoned Planned Development-43 (PD-
43). (S14-0003).
Description of Agenda Item:
The zoning and land use of the surrounding properties are as follows:
Zoning
Current Land Use Future Land Use Plan
Subject
Property
Planned Development-
43-Commercial Corridor Undeveloped Land US 380 District
North
Planned Development-
65-Single Family Undeveloped Land US 380 District
East Planned Development-
47- Commercial Corridor Undeveloped Land US 380 District
South City of Frisco City of Frisco City of Frisco
West
Planned Development-
43-Commercial Corridor Undeveloped Land US 380 District
Requested Zoning – S14-0003 is a request for a Specific Use Permit (SUP) for a New
Automobile Sales/Leasing facility, on 16.1± acres, located on the north side of US 380, 4,000±
feet west of Dallas Parkway. The property is zoned Planned Development-43 (PD-43) for
Commercial Corridor (CC) uses. The attached SUP Exhibit B shows a 1-story, 56,050 square
foot automobile dealership, which includes a sales and showroom, parts sales, service bays,
and car wash. Exhibit B also shows a 2,860 square foot car wash, the required 118 parking
Prosper is a place where everyone matters.
PLANNING
Item 9
Page 2 of 4
spaces, 664 vehicle inventory spaces, 2 required loading spaces, enhanced car display areas
along US 380, and the location of the required masonry screening wall along the north side of
the property. The attached SUP Exhibit C shows the proposed perimeter landscaping, dry
detention pond landscaping, loading area screening, and internal landscaping. The attached
SUP Exhibit D shows the proposed conceptual elevations depicting the architectural look and
style of the building. The building consists of an entry portal element, which serves as a
corporate identity, and primary exterior materials consisting of stone and brick.
The Zoning Ordinance contains four criteria to be considered in determining the validity of a
SUP request. These criteria, as well as staff’s responses for each, are below:
1. Is the use harmonious and compatible with its surrounding existing uses or proposed uses?
The surrounding properties to the north, east, and west are undeveloped. The property to
the north is zoned Planned Development-65 (PD-65) for single family residential uses, the
property to the east is zoned Planned Development-47 (PD-47) for Commercial Corridor
(CC) uses, and the property to the west is zoned Planned Development-43 (PD-43) for
Commercial Corridor (CC) uses. New Automobile Sales/Leasing uses are harmonious and
compatible with the eastern and western adjacent properties, which are zoned for CC uses.
New Automobile Sales/Leasing facilities are not typically located adjacent to single family
residential developments; therefore without adequate screening and buffering along the
northern property line, the proposed use is not compatible and harmonious with the northern
adjacent property.
2. Are the activities requested by the applicant normally associated with the requested use?
The activities requested by the applicant of a New Automobile Sales/Leasing facility which
generally include a sales and showroom, parts sales, service bays, and car wash, as shown
on Exhibit B, are normally associated with the use of a New Automobile Sales/Leasing
facility.
3. Is the nature of the use reasonable?
The property is currently zoned Planned Development-43 (PD-43) for Commercial Corridor
(CC) uses and the Future Land Use Plan (FLUP) recommends US 380 District uses for the
property. The proposed use is an appropriate use in the CC District and US 380 District, and
New Automobile Sales/Leasing facilities are typically located along major thoroughfares;
therefore, the nature of the use is reasonable.
4. Has any impact on the surrounding area been mitigated?
The proposed New Automobile Sales/Leasing use is adjacent to property zoned for single
family residential uses to the north. As shown on Exhibit B, service bays, a car wash,
loading areas, and vehicle inventory parking are located within approximately 300 feet of the
single family residential district. As shown on Exhibit C, the proposed SUP provides for an
8-foot tall masonry wall, approximately 31-33 feet of open space between the property line
and the vehicle inventory parking, large trees planted on approximately 13.5-foot average
intervals, and shrubs planted on approximately 11-foot average intervals, within the required
15-foot landscape area, and provided open space area. The impact on the single family
residential district has been minimized.
Overall, the proposed New Automobile Sales/Leasing facility use is harmonious and compatible
with the eastern and western adjacent properties, but without adequate screening and buffering
along the northern property line, the proposed use is not harmonious and compatible with the
Item 9
Page 3 of 4
single-family residential district adjacent to the north. The impact on the northern adjacent
property has been minimized by the proposed screening, buffering, and additional landscaping.
Future Land Use Plan – The Future Land Use Plan (FLUP) recommends US 380 District uses
for the property, which contains a variety of different uses. As indicated on page 31 of the
Comprehensive Plan, which is attached for reference, the FLUP indicates the US 380 District
will contain big box development and commercial service uses, with appropriate types of
commercial uses including hotels, banks, vehicle refilling stations with a convenience store,
home service centers with outside storage, garden center with outside storage, and other similar
uses. As indicated on page 56 of the Comprehensive Plan, which is attached for reference, the
FLUP indicates the character of US 380 will be more commercial in nature, and recommends
large landscape buffering, significant landscaping, high quality materials, such as stone and
brick, and architectural enhancements and building articulations, in order to protect the visual
appearance of the corridor while still allowing commercial land uses to operate. The SUP
request generally conforms to the FLUP.
Conformance to the Thoroughfare Plan – The property has direct access to US 380, an existing
six-lane divided thoroughfare, and future Mahard Parkway, a future four-lane divided
thoroughfare. The SUP exhibit complies with the Thoroughfare Plan.
Water and Sanitary Sewer Services – Water service has been extended to the property and
sanitary sewer service will have to be extended to the property either before or with
development.
Access – Access to the property is provided from US 380 and future Mahard Parkway.
Adequate access is provided to the property.
Schools – This property is located within the Prosper Independent School District (PISD). It is
not anticipated that a school site will be needed on this property.
Parks – It is not anticipated that this property will be needed for the development of a park.
Environmental Considerations – There is no 100-year floodplain located on the property.
Legal Obligations and Review:
Zoning is discretionary. Therefore, the Town Council is not obligated to approve the SUP
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. SUP Exhibits A, B, C, and D.
2. Zoning map of surrounding area.
3. Pages 31 and 56 of the Comprehensive Plan.
Planning & Zoning Commission Recommendation:
At their September 2, 2014, meeting, the Planning & Zoning Commission recommended the
Town Council approve a request for a Specific Use Permit (SUP) for a New Automobile
Sales/Leasing facility, on 16.1± acres, by a vote of 5-0, subject to the following conditions:
1. Revise Exhibit C to provide for an additional row of large trees and shrubs on the north side
of the Atmos easement, to ensure large trees will be planted along US 380;
Item 9
Page 4 of 4
2. Revise Exhibit C to provide for additional landscaping along the north side of the property
adjacent to the single-family district which shall consist of a staggered double row of 6-inch
caliper, minimum 12-foot high, live oak trees;
3. Revise Exhibit D to replace the split face concrete masonry block (CMU) exterior material
with stone or brick;
4. The north, east and west elevations shall be revised so that there are alternating divisions of
stone and brick between points of articulation; however, the minimum percentage of stone
shall be 75% on the east elevation, and 50% on the north and west elevations; and
5. Town Council consider approval of a development agreement with the applicant to provide
for additional landscaping in the existing Irving water easement in the event Irving enters
into an agreement with the Town to allow landscaping in said easement.
Since the Planning & Zoning Commission meeting, the applicant has revised the SUP exhibits
as follows:
1. Revised Exhibit C to provide 5 additional 3 inch caliper red oak trees on the north side of the
Atmos easement;
2. Revised Exhibit C to provide a staggered double row of 4 inch caliper, minimum 14-foot high, live
oak trees along the north side of the property adjacent to the single-family district;
3. Revised Exhibit D to replace the split face concrete masonry block (CMU) exterior material with
brick and stone;
4. Revised Exhibit D to provide alternating divisions of stone and brick between points of
articulation; and
5. Revised Exhibit D to increase the stone on the east elevation from 57% to 79%, increase the
stone on the north elevation from 13% to 75%, and increased the stone on the west elevation
from 33% to 79%.
Town Staff Recommendation:
Town staff recommends the Town Council approve the request for a Specific Use Permit (SUP)
for a New Automobile Sales/Leasing facility, on 16.1± acres, located on the north side of US
380, 4,000± feet west of Dallas Parkway.
Proposed Motion:
I move to approve the request for a Specific Use Permit (SUP) for a New Automobile
Sales/Leasing facility, on 16.1± acres, located on the north side of US 380, 4,000± feet west of
Dallas Parkway.
Item 9
Variable width ROW
Doc. No. 20140108000020390 OPRCCT
Doc. No. 20080303000247320 OPRCCT
Doc. No. 20130114000054790 OPRCCT
Variable width ROWPOINT OF
BEGINNING
H
TRON
Scale: 1" = 60' September, 2014 SEI Job No. 14-088
LEGEND
1/2" IRON ROD WITH PLASTIC CAP STAMPED
"SPIARSENG" SET, UNLESS OTHERWISE NOTED
IRON ROD FOUND
CAPPED IRON ROD FOUND
IRON PIPE FOUND
ALUMINUM MONUMENT FOUND
CONTROL MONUMENT
EASEMENT
UTILITY
DRAINAGE EASEMENT
DRAINAGE AND UTILITY EASEMENT
UTILITY EASEMENT
WATER EASEMENT
SANITARY SEWER EASEMENT
SIDEWALK EASEMENT
STREET EASEMENT
FIRELANE, ACCESS, & UTILITY EASEMENT
WASTE WATER EASEMENT
RIGHT-OF-WAY
BUILDING LINE
CABINET
VOLUME
PAGE
NUMBER
NOT TO SCALE
INSTRUMENT OR DOCUMENT
DEED RECORDS, COLLIN COUNTY, TEXAS
PLAT RECORDS, COLLIN COUNTY, TEXAS
OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS
ENGINEER / SURVEYOR
Spiars Engineering, Inc.
765 Custer Road, Suite 100
Plano, TX 75075
Telephone: (972) 422-0077
TBPE No. F-2121
Contact: Kevin Wier
LOCATION MAP
1" = 1000'
PROJECT
LOCATION
METES AND BOUNDS DESCRIPTION
EXHIBIT "A"
GST PROSPER
BLOCK A, LOT 1
IN THE TOWN OF PROSPER, COLLIN COUNTY, TEXAS
COLLIN CO. SCHOOL LAND SURVEY, ABST. NO. 147
16.061 Acres (Gross)/15.121 Acres (Net)
Current Zoning: CC (Commercial Corridor) PD-43
OWNER / APPLICANT
NWC Lovers/380, LLC
83 Abbey Woods
Dallas, TX 75248
Telephone: (214) 801-5020
Contact: Brett Blakey
Item 9
Variable width ROW
Doc. No. 20140108000020390 DRCCT
Doc. No. 20080303000247320 DRCCT
Doc. No. 20130114000054790 DRCCTVariable width ROWH
TRON
Scale: 1" = 50' September, 2014 SEI Job No. 14-088
LEGEND
1/2" IRON ROD WITH PLASTIC CAP STAMPED
"SPIARSENG" SET, UNLESS OTHERWISE NOTED
IRON ROD FOUND
CAPPED IRON ROD FOUND
IRON PIPE FOUND
ALUMINUM MONUMENT FOUND
CONTROL MONUMENT
EASEMENT
UTILITY
DRAINAGE EASEMENT
DRAINAGE AND UTILITY EASEMENT
UTILITY EASEMENT
WATER EASEMENT
SANITARY SEWER EASEMENT
SIDEWALK EASEMENT
STREET EASEMENT
FIRELANE, ACCESS, & UTILITY EASEMENT
WASTE WATER EASEMENT
RIGHT-OF-WAY
BUILDING LINE
CABINET
VOLUME
PAGE
NUMBER
NOT TO SCALE
INSTRUMENT OR DOCUMENT
DEED RECORDS, COLLIN COUNTY, TEXAS
PLAT RECORDS, COLLIN COUNTY, TEXAS
OFFICIAL PUBLIC RECORDS, COLLIN COUNTY, TEXAS
ENGINEER / SURVEYOR
Spiars Engineering, Inc.
765 Custer Road, Suite 100
Plano, TX 75075
Telephone: (972) 422-0077
TBPE No. F-2121
Contact: Kevin Wier
LOCATION MAP
1" = 1000'
PROJECT
LOCATION
EXHIBIT "B"
GST PROSPER
BLOCK A, LOT 1
IN THE TOWN OF PROSPER, COLLIN COUNTY, TEXAS
COLLIN CO. SCHOOL LAND SURVEY, ABST. NO. 147
16.061 Acres (Gross)/15.121 Acres (Net)
Current Zoning: CC (Commercial Corridor) PD-43
OWNER / APPLICANT
NWC Lovers/380, LLC
83 Abbey Woods
Dallas, TX 75248
Telephone: (214) 801-5020
Contact: Brett Blakey
Item 9
Item 9
Item 9
CR 26W UNIVERSITY DR
M
PD-41
CC
PD-43
SF
PD-65
C
PD-47
CC
PD-47
C
PD-65
SF-15
A
AS14-0003
±0 250 500
Feet
1 inch = 500 feet
Item 9
31 Town of Prosper, TX
Comprehensive Plan
COMMUNITY CHARACTER
Dallas North Tollway District
The Dallas North Tollway district will consist of
the most intense land uses within Prosper. A
diverse mixture of office, retail and residential
will likely develop along the corridor. Mid-rise
office (up to 12 stories) may be permitted
throughout the corridor. Office buildings
should be designed for a “campus feel”—they
should be oriented towards common public
space with significant landscaping and should
be linked by a pedestrian network. A common
architectural theme should also be established
for a consistent visual appearance. Mixed-use
development should be encouraged and should
contain a mixture of office, retail and residential
uses. Mixed-use lofts/apartments would be the
most appropriate residential use within this
district. Structured parking should be
encouraged in more intense areas to limit the
presence and visibility of large parking lots.
Structured parking should be oriented in a way
that minimizes visibility from the Tollway.
Highway 380 District
Much like the Dallas North Tollway district, the
Highway 380 district will contain a variety of
different uses. The major contrast between
Highway 380 and other districts will be the
inclusion of a big box development and
commercial service uses. Types of appropriate
commercial include hotels, banks, vehicle
refilling stations with a convenience store,
home service centers with outside storage,
garden center with outside storage and other
similar uses which serve the community but are
not necessarily desired on Preston Road or
within the Dallas North Tollway corridor.
Residential land uses may be appropriate within
certain areas, particularly away from major
intersections where retail and commercial will
be the highest and best land use. Residential
land uses may include patio homes, snout
houses, townhomes and brownstones. These
residential areas may serve as a buffer between
more intense activity along Highway 380 and
low density residential areas to the north.
Item 9
56
Comprehensive Plan
Town of Prosper
COMMUNITY CHARACTER
Highway 380
Land Use
Of the three major corridors, Highway 380 contains the
longest stretch of potential development. Generally
speaking, land uses along the Highway 380 Corridor were
seen to be more commercial in nature. Unlike Preston Road
and the Dallas North Tollway, big-box retail scored relatively
well along Highway 380, in addition to office, hotel uses,
retail centers and service uses, such as a gas station and fast
food restaurant. Similar to the other categories, industrial
uses, including warehouses, were not seen as a highly
appropriate use along the Highway 380 corridor. Due to the
length of the corridor, a variety of land uses will be located
along the corridor. Typically speaking, retail and service
establishments will locate adjacent to Highway 380 and
along major intersections, in a nodal pattern of activity.
Such uses capitalize on higher traffic counts and require a
higher degree of visibility. Big box uses may also be located
along the corridor, but pad sites should be located adjacent
to Highway 380 to capitalize on visibility and pass-by trips.
Residential uses, such as patio homes, snout homes and
townhomes and brownstones may be located within this
district. Such uses will likely be used as a buffer between
more intense uses along Highway 380 and lower intensity
residential neighborhoods to the north. Such uses may also
be located mid-block, reserving major intersections for retail
and commercial uses.
Character
The character of Highway 380 will be much more
commercial in nature. Wide setbacks with large
landscape buffering will protect the visual appearance of
the corridor, while still allowing more intense
commercial land uses to operate. Big Box retailers may
be permitted, but they should be designed to the highest
possible quality, incorporating significant landscaping,
high quality materials, such as stone and brick, and
should contain architectural enhancements and building
articulation.
Medium and high density residential options may be
included within the Highway 380 corridor but such uses
should be carefully designed to protect, enhance and
buffer low density neighborhoods to the north from
more intense development along Highway 380.
Item 9
Page 1 of 4
To: Mayor and Town Council
From: Kent Austin, Finance Director
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon an ordinance adopting the Fiscal Year 2014-2015 Annual Budget for the
fiscal year beginning October 1, 2014, and ending September 30, 2015, and approving certain
amendments to the Fiscal Year 2013-2014 Annual Budget.
Description of Agenda Item:
Approval of this item will appropriate funds for the FY 2014-2015 Budget and amend the FY
2013-2014 Budget. Prior to this meeting, the Town published required notices, held two public
hearings that included staff presentations about the budget, and gave interested taxpayers the
opportunity to be heard by the Town Council.
During the 2007 Texas legislative session, House Bill 3195 was passed, amending section
102.007 of the Local Government Code. Subsection C was added to state that adoption of a
budget that requires raising more revenue from property taxes than in the previous year
requires a separate vote of the governing body to ratify the property tax increase reflected in the
budget. A vote under this subsection is in addition to, and separate from, the vote to adopt the
budget or a vote to set the tax rate as required by Chapter 26 of the Tax Code.
The FY 2014-2015 Proposed Budget raises more in property tax revenues than in the previous
year. Although the overall budget is made up of thirteen separate funds, it is helpful to compare
the four primary funds from year to year:
FY 2014 FY 2015
Fund
Adopted
Budget
Proposed
Budget $ Change % Change
General $12,457,760 $14,415,741 $1,957,981 15.72%
Water/Sewer 9,277,338 10,357,475 1,080,137 11.64%
Debt Service 2,821,380 2,870,065 48,685 1.73%
Storm Drainage 394,000 283,186 (110,814) -28.13%
Total $24,950,478 $27,926,467 $2,975,989 11.93%
FINANCE
Item 10
Page 2 of 4
The Proposed FY 2014-2015 budget is composed of discretionary and non-discretionary
supplemental requests. The tables below display the most prominent requests from the
General Fund and Water/Sewer Fund.
General Fund Supplemental Requests
Request Title Amount
SW Corner Frontier Park Lighting $425,000
Preston Road Illumination $415,000
Windsong Ranch Fire Station Staffing $400,824
Vehicle/Equipment Repl. Fund Contribution $398,698
Three (3) Police Patrol Officer Positions $259,995
In-Range Movement-Pay Plan $177,873
Parks Repair and Maintenance Projects $113,500
One (1) Police Sergeant Position $76,263
Downtown Enhancements $75,000
One (1) Plumbing Inspector $71,486
One (1) Planner $54,868
VoiceTrakit IVR (Interactive Voice Response) $16,500
Water/Sewer Fund Supplemental Requests
Request Title Amount
Vehicle/Equipment Repl. Fund Contribution $135,324
One (1) Utility Crew Leader $94,305
Vacuum Trailer/Jetter $75,000
One (1) Heavy Equipment Operator $47,634
In Range Movement-Pay Plan $39,681
Household Hazardous Waste Vouchers $3,500
The Town of Prosper FY 2014-2015 Annual Budget addresses increased service levels to Town
residents in response to continued growth. The proposed budget also provides essential or
money-saving capital investments in infrastructure and other public improvements, as well as
additional public safety resources. The growth in the value of the Town’s tax base is nothing
short of remarkable, and the Town’s reputation as a quality community is spreading.
Notwithstanding the Town’s current and future growth potential and general optimism, this
budget has been prepared with conservative revenue and expenditure assumptions in mind.
The proposed budget amounts for most of the Town’s funds have not changed since it was
originally transmitted to the Town Council on August 12. The General Fund has been reduced
by $73,626, due to additional savings and reductions. Likewise, the Water/Sewer Fund has
been reduced $105,400. The table below displays these and changes to three other funds,
notably the Capital Projects Fund, which increased due to the addition of the Teel Parkway
bridge expansion and the public safety radio replacement.
Item 10
Page 3 of 4
Fund Name 8/12/2014 9/23/2014 $ Change
General $14,489,367 $14,415,741 $(73,626)
Water/Sewer 10,462,875 10,357,475 (105,400)
Capital Projects 24,730,175 28,407,055 3,676,880
Capital Project-Water/Sewer 2,082,500 2,382,500 300,000
Park Improvement/Dedication 314,000 214,000 (100,000)
Totals $52,078,917 $55,776,771 $3,697,854
FY 2013-2014 Budget Amendment
The ordinance also proposes changes to the current year budget. Specifically, it amends the
budget by moving $750,000 from the General Fund Street Department to the Administration
Department. From the Administration Department, it authorizes a Capital Transfer Out to three
specific projects in the Capital Projects Fund:
Decorative Monument Street Signs $150,000
Downtown Enhancements $475,000
SH 289 Median Paving and Conduit $125,000
$750,000
The ordinance also amends the FY 2013-2014 budget by approving the movement of $800,000
from fund balance in the General Fund to the new Vehicle/Equipment Replacement Fund
(VERF). This is the first of two planned start-up transfers; the second, also for $800,000, is
planned for FY 2015 from the same source.
Adoption of Capital Improvements Program (CIP)
Finally, the ordinance also adopts the FY 2014-2015 CIP, which contains appropriations totaling
$28,407,044. Revenues for the CIP are derived from a variety of sources, including issued and
unissued debt, budgeted transfers in the FY 2014-2015 budget, impact fees, and park
improvement and dedication fees.
Legal Obligations and Review:
Terrence Welch with Brown & Hofmeister, L.L.P., has reviewed and approved the attached
ordinance as to form and legality.
Attached Documents:
1. CIP Summary
2. Ordinance
Town Staff Recommendation:
Town staff recommends that the Town Council adopt the Fiscal Year 2014-2015 Annual Budget
as proposed, including the Capital Improvements Program, and approve certain amendments to
the Fiscal Year 2013-2014 Annual Budget.
This item requires a record vote.
Recommended Motions:
I move to approve an ordinance adopting the Fiscal Year 2014-2015 Annual Budget for the
fiscal year beginning October 1, 2014, and ending September 30, 2015, as proposed, and
approve certain amendments to the Fiscal Year 2013-2014 Annual Budget.
Second motion to comply with state law:
Item 10
Page 4 of 4
I move to ratify the property tax revenue increase as reflected in the Fiscal Year 2014-2015
Adopted Budget.
Item 10
TOWN OF PROSPER, TEXAS ORDINANCE NO. 14-__
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ADOPTING THE FISCAL YEAR 2014-2015 ANNUAL BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2014, AND ENDING SEPTEMBER 30,
2015; AND APPROVING CERTAIN AMENDMENTS TO THE FISCAL YEAR
2013-2014 ANNUAL BUDGET FOR THE TOWN OF PROSPER, TEXAS;
PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR A REPEALER
CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Annual Budget for the Town of Prosper, Texas, was prepared by the Town
Manager and presented to the Town Council on August 12, 2014, in accordance with the Town
Charter of the Town of Prosper, Texas; and
WHEREAS, the proposed annual budget document was posted on the Town's Internet
website and also made available for public review; and
WHEREAS, a Notice of Public Hearings concerning the proposed Annual Town Budget was
published as required by state law and said Public Hearings thereon were held by the Town Council
on August 26, 2014, and September 9, 2014; and
WHEREAS, following the Public Hearings, and upon careful review of the proposed Fiscal
Year 2014-2015 Annual Budget and the review of the amendments to the current Fiscal Year 2013-
2014 Annual Budget, it is deemed to be in the best financial interests of the citizens of the Town of
Prosper, Texas, that the Town Council approve said budget and any amendments to the current
fiscal year budget as presented by the Town Manager.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The above findings are hereby found to be true and correct and are incorporated herein in
their entirety.
SECTION 2
The official budget for the Town of Prosper, Texas, for the fiscal year beginning October 1,
2014, and ending September 30, 2015, is hereby adopted by the Town Council of the Town of
Prosper, Texas, and the Town Secretary is directed to keep and maintain a copy of such official
budget on file in the office of the Town Secretary and, upon request, make same available to the
citizens and the general public.
SECTION 3
The Town Council of the Town of Prosper, Texas, hereby approves certain amendments to
the current Fiscal Year 2013-2014 Annual Budget, as referenced herein.
SECTION 4
The sums specified in Exhibit A are hereby appropriated from the respective funds for the
payment of expenditures on behalf of the Town government as established in the approved budget
document.
Item 10
Ordinance No. 14-___, Page 2
SECTION 5
Capital Projects Funds are presented in the budget document on a multi-year, project basis,
whereby all unexpended capital project funds are automatically re-appropriated into the subsequent
fiscal year. Accordingly, no annual appropriation for Capital Projects Funds, other than those
specifically listed in Section 4 above, is provided. The Town Council hereby approves the Capital
Improvement Projects for FY 2014-2015 as a plan describing and scheduling capital improvement
projects for the Town of Prosper, and authorizes the Town Manager to use the funding sources
reflected in the plan.
SECTION 6
Should any part, portion, section, or part of a section of this Ordinance be declared invalid,
or inoperative, or void for any reason by a court of competent jurisdiction, such decision, opinion, or
judgment shall in no way affect the remaining provisions, parts, sections, or parts of sections of this
Ordinance, which provisions shall be, remain, and continue to be in full force and effect.
SECTION 7
All ordinances and appropriations for which provisions have heretofore been made are
hereby expressly repealed if in conflict with the provisions of this Ordinance.
SECTION 8
In accordance with state law and the Town’s Code of Ordinances, proper Notice of Public
Hearings was provided for said Ordinance to be considered and passed, and this Ordinance shall
take effect and be in full force and effect from and after its final passage.
SECTION 9
Specific authority is hereby given to the Town Manager to transfer appropriations budgeted
from one account classification or activity to another within any individual department or activity.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, BY A VOTE OF ___ TO ___ON THIS THE 23RD DAY OF SEPTEMBER,
2014.
APPROVED:
________________________________
Ray Smith, Mayor
ATTEST:
_____________________________________
Robyn Battle, Town Secretary
Item 10
Ordinance No. 14-___, Page 3
APPROVED AS TO FORM AND LEGALITY:
_____________________________________
Terrence S. Welch, Town Attorney
Item 10
Ordinance No. 14-___, Page 4
FY 2014 FY 2015
FY 2014 PREVIOUS ADOPTED
BUDGET AMENDMENTS BUDGET BUDGET
General Fund
Administration Department
Administration/Town Manager's Office 1,844,468 0 1,844,468 651,741
Town Secretary's Office 0 0 0 213,632
Finance 0 0 0 781,143
Human Resources 0 0 0 241,814
Municipal Court 257,028 (19,300) 237,728 213,122
Police Department
Police Operations 1,834,258 0 1,834,258 2,683,492
Dispatch 644,690 0 644,690 0
Fire Department
Fire/EMS Operations 2,566,238 0 2,566,238 3,380,104
Fire Marshal 123,595 0 123,595 144,158
Development Services Department
Code Enforcement 164,151 0 164,151 164,583
Inspections 796,782 0 796,782 953,217
Planning 495,505 0 495,505 493,084
Engineering Department 487,149 0 487,149 703,938
Library Department 98,041 17,295 115,336 175,192
Parks and Recreation Department 1,778,550 0 1,778,550 1,537,467
Streets Department 1,367,305 0 1,367,305 448,935
Non-Departmental Department 0 0 0 1,630,119
General Fund Total 12,457,760 (2,005) 12,455,755 14,415,741
Water/Sewer Fund
Water 6,436,590 0 6,436,590 3,691,905
Wastewater 1,868,706 3,000,000 4,868,706 1,719,239
Utility Billing 972,042 0 972,042 1,033,566
Non-Departmental 0 0 0 3,912,765
Water/Sewer Fund Total 9,277,338 3,000,000 12,277,338 10,357,475
0
Debt Service (I & S) Fund Total 2,821,380 0 2,821,380 2,870,065
Special Revenue Fund Total 59,200 0 59,200 75,133
Impact Fee Fund-Thoroughfare Total 1,835,000 0 1,835,000 1,905,000
Parks Dedication and Improvement Fund Tota 700,000 0 700,000 214,000
Capital Projects Fund Total 5,780,000 0 5,780,000 28,407,055
Storm Drainage Utility Fund Total 394,000 0 394,000 283,186
Impact Fee Fund-Water 0 0 0 926,887
Impact Fee Fund-Wastewater 0 0 0 136,600
Capital Projects-Water/Sewer Fund Total 0 0 0 2,382,500
Internal Service Fund 49,000 0 49,000 30,000
Vehicle/Equipment Replacement Fund 0 0 0 797,010
Other Funds Total 11,638,580 0 11,638,580 38,027,436
GRAND TOTAL 33,373,678 2,997,995 36,371,673 62,800,652
AMENDED
EXHIBIT "A"
Unspent Capital Project funds on September 30, 2014, will automatically be re-appropriated to their
respective projects for FY 2014-2015.
Item 10
Ordinance No. 14-___, Page 5
FY 2014 FY 2014
AMENDED FINAL
BUDGET AMENDMENTS BUDGET
Budget Amendment:
General Fund
Administration 1,844,468 750,000 2,594,468
Streets 1,367,305 (750,000) 617,305
3,211,773 0 3,211,773
Funds Transfers:
Capital Projects Fund 750,000
General Fund (750,000)
Vehicle/Equipment Replacement Fund 800,000
General Fund (800,000)
EXHIBIT "A" (CONTINUED)
Unspent Capital Project funds on September 30, 2014, will automatically be re-
appropriated to their respective projects for FY 2014-2015.
Item 10
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
01 0803-ST First Street and Coit Rd Widening 8,250,000 (75,000)8,175,000 6,594,300 0,1,2,3 1,580,700 0
02 1205-ST Asphalt Roads 2014: Coit, Coleman, First 1,390,796 1,390,796 1,390,796 0
03 1207-ST Concrete Roads 2014: Rhea Mills, First 1,000,000 1,000,000 304,000 696,000 0 696,000
04 1418-ST SH 289 Median Paving & Conduit 125,000 125,000 125,000 4 0
05 1405-ST Coleman Street (Prosper Trail - HS) 319,100 1,560,900 1,880,000 1,380,000 0 500,000 0
06 1412-ST Downtown Enhancements (Broadway - Main) 60,000 490,000 550,000 550,000 4 0
07 Broadway (McKinley - Main) 113,000 113,000 113,000 0
08 Custer Road Turn Lanes @ Prosper Trail 100,000 100,000 100,000 0 0
09 Fifth Street (BNSF Railroad - Coleman) 216,000 216,000 216,000 0 216,000
10 Gates of Prosper Road Improvements, Phase 1 2,000,000 2,000,000 2,000,000 8 0
11 McKinley Street (First - Fifth) 275,000 275,000 275,000 0 275,000
12 1416-ST Seventh Street (Coleman - PISD Admin) 793,655 793,655 372,000 5,7 421,655 0
13 1415-ST Teel Parkway (DCFWSD #10) 2,600,000 2,600,000 2,600,000 0,X 0
14 West Prosper Road Improvements 12,531,000 12,531,000 8,266,000 1,3 3,065,000 1,200,000 4,265,000
15 Church Street (First - Broadway) 170,000 170,000 170,000 0 170,000
16 Coleman Street (HS - Preston Road) 1,412,500 1,412,500 1,412,500 1 0
17 First Street (Townlake - Custer) 420,000 420,000 420,000 0 420,000
18 Fishtrap Road (Artesia - Dallas Parkway) 820,000 820,000 378,000 442,000 820,000
19 Frontier Parkway (DNT - Preston) 3,650,000 3,650,000 1,635,000 0 365,000 1,650,000 0 2,015,000
20 DNT Southbound Frontage Road 1,200,000 8,300,000 9,500,000 3,300,000 9 6,200,000 6,200,000
21 Church Street (Broadway - PISD) 375,000 375,000 375,000 0 375,000
22 Eighth Street (Church - PISD Admin) 160,000 160,000 160,000 0 160,000
23 Field Street (Third - Broadway) 41,000 41,000 41,000 0 41,000
24 Main Street (Broadway - First) 181,000 181,000 181,000 0 181,000
25 Parvin Road (Good Hope - FM 1385) 270,000 270,000 270,000 0 270,000
26 Pasewark (Preston - End) 280,000 280,000 280,000 0 280,000
27 1414-ST Prosper Trail (Preston - Coit) 1,034,900 950,000 2,665,100 4,650,000 3,359,900 0,1,3 1,290,100 475,000 815,100
28 Coleman Street (at Prosper HS) 850,000 850,000 425,000 1 425,000 425,000
29 DNT Southbound Braided Ramp 4,000,000 4,000,000 4,000,000 9 0
30 Gates of Prosper Road Improvements, Phase 2 500,000 500,000 500,000 8 0
31 Gates of Prosper Road Improvements, Phase 3 15,200,000 15,200,000 15,200,000 8 0
32 Gates of Prosper Road Improvements, Phase 4 7,500,000 7,500,000 7,500,000 8 0
8,250,000 2,819,896 20,679,555 8,707,400 10,557,000 3,515,100 0 27,200,000 81,728,951 59,319,700 4,310,151 1,061,000 7,481,000 9,557,100 0 5,452,000 3,425,000 7,982,000 1,240,100 0 0
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
01 1410-TR Decorative Monument Street Signs 150,020 150,020 150,020 4 0
02 1411-TR School Zone Flashers w/Radar 130,000 130,000 130,000 4 0
03 1406-TR SH 289 Illuminated Street Name Signs 100,000 100,000 100,000 4 0
04 1408-TR Median Lighting - SH 289 50,000 950,000 1,000,000 415,000 4 585,000 0 585,000
05 Median Lighting - Coit Road (US 380 - First)400,000 400,000 400,000 400,000
06 Median Lighting - First Street (Craig - Coit)575,000 575,000 575,000 575,000
07 Median Lighting - Prosper Trail (Dallas Pkwy - Preston)750,000 750,000 750,000 750,000
08 Traffic Signal - Dallas Pkwy & First St 200,000 200,000 200,000 0 0
09 Traffic Signal - Dallas Pkwy & Prosper Tr 200,000 200,000 200,000 0 0
10 Traffic Signal - Coit Rd & First St 220,000 220,000 220,000 0 0
11 Traffic Signal - Coit Rd & Richland Blvd 220,000 220,000 220,000 0 0
12 Traffic Signal - Coit Rd & Prosper Tr 180,000 180,000 180,000 0 0
13 US380 Illuminated Street Signs 25,000 25,000 25,000 25,000
0 430,020 950,000 2,125,000 645,000 0 0 0 4,150,020 1,815,020 0 585,000 0 1,750,000 0 585,000 1,725,000 25,000 0 0 0
FUNDING SOURCES UNISSUED DEBT SCHEDULE
OTHER
SOURCES
SUBTOTAL
0 - Impact Fees X - Non-Cash Contribution
1 - Grant and Interlocal Funds
2 - Other Sources (see Detail)
6 - Park Development Fund
7 - Stormwater Drainage Fund
8 - TIRZ #1
Summary of Five Year Capital Improvement Program - 09/14/2014
General Fund Projects
INDEXSTREET PROJECTS
PROJECT SCHEDULE TOTAL
PROJECT
COSTS
01
SUBTOTAL
Other SourcesINDEXTRAFFIC PROJECTS
PROJECT SCHEDULE TOTAL
PROJECT
COSTS
FUNDING SOURCES
OTHER
SOURCES
UNISSUED DEBT SCHEDULE
3 - Developer Agreements
4 - General Fund
5 - Water / Wastewater Fund
9 - TIRZ #2
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
01 1304-PK Frontier Park - Southwest Corner Practice Fields 540,000 540,000 540,000 6 0
02 1404-PK Frontier Park - Southeast Corner Field Lighting 400,000 400,000 400,000 0
03 Cockrell Park - Land Acquisition 1,050,000 1,050,000 650,000 1,6 400,000 0
04 Frontier Park - Southwest Corner Field Lighting 425,000 425,000 425,000 4 0
05 SH 289 Median Landscaping 550,000 550,000 550,000 1 0
06 Pecan Grove Irrigation 100,000 75,000 175,000 175,000 4 0
07 Frontier Park - Southeast Corner Field Lighting Phase 2 400,000 400,000 400,000 0 400,000
08 1303-PK Cockrell Park 90,000 643,000 733,000 90,000 6 643,000 643,000
09 Hike & Bike Trails 750,000 750,000 750,000 0 750,000
10 1417-PK Richland Boulevard Median Landscaping 5,000 170,000 175,000 5,000 4 170,000 170,000
11 Frontier Park, Phase II 6,000,000 6,000,000 6,000,000 6,000,000
12 Preston Lakes Playground 90,000 90,000 90,000 90,000
13 Sexton Farms Park, Phase I 12,000,000 12,000,000 12,000,000 12,000,000
0 1,135,000 2,025,000 475,000 1,393,000 0 0 18,260,000 23,288,000 2,435,000 800,000 0 1,150,000 18,903,000 0 0 400,000 1,393,000 0 0 18,260,000
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
01 1403-FC Cook Lane Fire Station - Land Acquisition 300,000 300,000 300,000 8 0
02 Public Works Temporary Building 203,000 203,000 203,000 4 0
03 1401-FC Windsong Ranch Fire Station 300,000 5,050,500 5,350,500 600,000 2,050,000 2,700,500 4,750,500
04 Motorola/Frisco System 1,400,000 1,400,000 500,000 900,000 1,400,000
05 1402-FC Town Hall - Multipurpose Facility 50,000 852,000 8,520,000 2,121,000 11,543,000 1,250,000 10,293,000 9,422,000 2,121,000
06 Central Fire Station, Phase II 850,000 850,000 850,000 850,000
07 Recreation Center 1,500,000 13,500,000 15,000,000 15,000,000 1,500,000 13,500,000
08 Cook Lane Fire Station (station,training,admin,EOC)14,670,000 14,670,000 14,670,000 14,670,000
09 Gentle Creek Fire Station 5,625,000 5,625,000 5,625,000 5,625,000
10 Library Facility 6,000,000 6,000,000 6,000,000 6,000,000
11 Parks and Recreation Maintenance Building 5,450,000 5,450,000 450,000 5,000,000 5,450,000
12 Police Station 7,000,000 7,000,000 1,000,000 6,000,000 7,000,000
13 Public Works Complex 5,450,000 5,450,000 450,000 5,000,000 5,450,000
14 Senior Facility 5,000,000 5,000,000 5,000,000 5,000,000
0 350,000 7,302,500 8,520,000 2,971,000 0 1,500,000 62,695,000 83,338,500 0 600,000 1,250,000 4,450,000 77,038,500 0 6,150,500 9,422,000 2,971,000 0 1,500,000 62,695,000
8,250,000 4,734,916 30,957,055 19,827,400 15,566,000 3,515,100 1,500,000 108,155,000 192,505,471 63,569,720 5,710,151 2,896,000 13,081,000 107,248,600 0 12,187,500 14,972,000 12,371,000 1,240,100 1,500,000 80,955,000
Summary of Five Year Capital Improvement Program - 09/14/2014
General Fund Projects
INDEXPARK PROJECTS
PROJECT SCHEDULE TOTAL
PROJECT
COSTS
FUNDING SOURCES
OTHER
02
SOURCES
SUBTOTAL
GRAND TOTAL GENERAL FUND
UNISSUED DEBT SCHEDULE
OTHER
SOURCES
SUBTOTAL
FACILITY PROJECTS
PROJECT SCHEDULE TOTAL
PROJECT
COSTS
FUNDING SOURCES UNISSUED DEBT SCHEDULEINDEX
Other Sources
0 - Impact Fees X - Non-Cash Contribution
1 - Grant and Interlocal Funds
2 - Other Sources (see Detail)
3 - Developer Agreements
4 - General Fund
5 - Water / Wastewater Fund
6 - Park Development Fund
7 - Stormwater Drainage Fund
8 - TIRZ #1
9 - TIRZ #2
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
01 1202-WA Custer Pump Station, Phase II 5,103,000 5,103,000 310,000 0 4,793,000 0
02 1204-WA Upper Plane 30/24-inch Water Line 4,064,581 4,064,581 365,000 0 3,699,581 0
03 Gates of Prosper Water Improvements, Phase 1 470,000 470,000 470,000 8 0
04 PRV's at BNSF Railroad 582,200 582,200 582,200 0
05 0407-WA Prosper Trail EST 517,300 4,403,300 4,920,600 517,300 4,403,300 4,403,300
06 Lower Pressure Plane Pump Station and Transmission Line 175,000 1,655,000 15,456,800 17,286,800 127,081 0 47,919 17,111,800 1,655,000 15,456,800
07 County Line Elevated Storage Tank 937,500 4,687,200 5,624,700 5,624,700 937,500 4,687,200
08 Gates of Prosper Water Improvements, Phase 2 1,625,000 1,625,000 1,625,000 8 0
09 Gates of Prosper Water Improvements, Phase 3 900,000 900,000 900,000 8 0
10 Gates of Prosper Water Improvements, Phase 4 2,125,000 2,125,000 2,125,000 8 0
5,103,000 4,064,581 1,744,500 4,403,300 1,655,000 15,456,800 937,500 9,337,200 42,701,881 5,922,081 9,640,000 0 0 27,139,800 0 0 4,403,300 1,655,000 15,456,800 937,500 4,687,200
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
01 Doe Branch WWTP 16,000,000 16,000,000 3,000,000 5 13,000,000 0
02 LaCima LS#1 (Frisco)245,000 245,000 245,000 5 0
03 Landplan (Coit - First)300,000 300,000 300,000 3, 5 0
04 Gates of Prosper Wastewater Improvements, Phase 1 5,700,000 5,700,000 5,700,000 8 0
05 Matthew Southwest Wastewater Improvements 2,500,000 2,500,000 2,500,000 9 0
06 Decommission Wastewater Plant 900,000 900,000 900,000 900,000
07 Gates of Prosper Wastewater Improvements, Phase 2 320,000 320,000 320,000 8 0
08 Gates of Prosper Wastewater Improvements, Phase 3 180,000 180,000 180,000 8 0
0 16,000,000 8,745,000 0 0 0 0 1,400,000 26,145,000 12,245,000 13,000,000 0 0 900,000 0 0 0 0 0 0 900,000
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
01 Collin Court 10,000 10,000 10,000 7 0
02 Crooked Stick Drive 33,000 33,000 8,000 7 25,000 0
03 Downtown Drainage - Hawk Ridge Channel Improvements 165,000 165,000 165,000 3,7 0
04 Lakes of LaCima Outfall 250,000 250,000 250,000 0
05 Downtown Drainage - Church & Parvin Drainage Impr.500,000 500,000 500,000 500,000
06 Downtown Drainage - McKinley & Broadway Trunk Main 600,000 600,000 600,000 600,000
07 Downtown Regional Detention - Land Acquisition 1,500,000 1,500,000 1,500,000 1,500,000
08 Downtown Drainage - First & Main Trunk Main 800,000 800,000 800,000 800,000
09 Downtown Drainage - Fifth Street Trunk Main 400,000 400,000 400,000 400,000
10 Downtown Drainage - Detention Pond Improvements 1,000,000 1,000,000 1,000,000 1,000,000
0 0 458,000 2,600,000 800,000 400,000 1,000,000 0 5,258,000 183,000 275,000 0 0 4,800,000 0 0 2,600,000 800,000 400,000 1,000,000 0
5,103,000 20,064,581 10,947,500 7,003,300 2,455,000 15,856,800 1,937,500 10,737,200 74,104,881 18,350,081 22,915,000 0 0 32,839,800 0 0 7,003,300 2,455,000 15,856,800 1,937,500 5,587,200
03Summary of Five Year Capital Improvement Program - 09/14/2014
Enterprise Fund Projects
INDEXWATER PROJECTS
PROJECT SCHEDULE
UNISSUED DEBT SCHEDULE
OTHER
SOURCES
TOTAL
PROJECT
COSTS
FUNDING SOURCES UNISSUED DEBT SCHEDULE
OTHER
SOURCES
SUBTOTAL
SUBTOTAL INDEXDRAINAGE PROJECTS
PROJECT SCHEDULE TOTAL
PROJECT
COSTS
FUNDING SOURCESINDEXWASTEWATER PROJECTS
PROJECT SCHEDULE TOTAL
PROJECT
COSTS
FUNDING SOURCES
UNISSUED DEBT SCHEDULE
OTHER
SOURCES
SUBTOTAL
GRAND TOTAL ENTERPRISE FUNDS
1 - Grant and Interlocal Funds
2 - Other Sources (see Detail)
3 - Developer Agreements
4 - General Fund
5 - Water / Wastewater Fund
6 - Park Development Fund
7 - Stormwater Drainage Fund
8 - TIRZ #1
9 - TIRZ #2
Other Sources
0 - Impact Fees X - Non-Cash Contribution
ISSUED REIMB. RES.AUTHORIZED NEW
Prior Yrs 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024 DEBT UNISSUED DEBT UNISSUED DEBT UNISSUED DEBT 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2024
8,250,000 4,734,916 30,957,055 19,827,400 15,566,000 3,515,100 1,500,000 108,155,000 192,505,471 63,569,720 5,710,151 2,896,000 13,081,000 107,248,600 0 12,187,500 14,972,000 12,371,000 1,240,100 1,500,000 80,955,000
5,103,000 20,064,581 10,947,500 7,003,300 2,455,000 15,856,800 1,937,500 10,737,200 74,104,881 18,350,081 22,915,000 0 0 32,839,800 0 0 7,003,300 2,455,000 15,856,800 1,937,500 5,587,200
13,353,000 24,799,497 41,904,555 26,830,700 18,021,000 19,371,900 3,437,500 118,892,200 266,610,352 81,919,801 28,625,151 2,896,000 13,081,000 140,088,400 0 12,187,500 21,975,300 14,826,000 17,096,900 3,437,500 86,542,200
04
CAPITAL IMPROVEMENT PROGRAM
SUMMARY
PROJECT SCHEDULE
ENTERPRISE FUNDS
GRAND TOTAL CAPITAL IMPROVEMENT PROGRAM
TOTAL
PROJECT
COSTS
FUNDING SOURCES UNISSUED DEBT SCHEDULE
OTHER
SOURCES
GENERAL FUND
Summary of Five Year Capital Improvement Program - 09/14/2014
Capital Improvement Program Summary
Page 1 of 1
To: Mayor and Town Council
From: Kent Austin, Finance Director
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon an ordinance adopting the Town of Prosper 2014 Property Tax Rate.
Description of Agenda Item:
This item is to adopt the 2014 tax rate to generate sufficient revenues as required in the
Adopted 2014-2015 Budget. The attached ordinance sets the 2014 ad valorem tax rate at
$0.52 cents per $100 assessed valuation, to be distributed as follows:
$0.356301 for Maintenance and Operations
$0.163699 for Debt Service
Totaling $0.520000 Total Tax Rate
Budget Impact:
Rate as included in the Proposed Budget for FY 2014-2015.
Legal Obligations and Review:
Terrence Welch with Brown & Hofmeister, L.L.P., has reviewed and approved the attached
ordinance as to form and legality.
Attached Documents:
1. Ordinance
Town Staff Recommendation:
The tax code is specific in the form of making a motion to set the tax rate.
Town staff recommends that the Town Council approve an ordinance adopting the 2014 tax rate
using the language below.
This item requires a record vote.
Recommended Motion:
Please make your motion in this form:
“I move that the property tax rate be increased by the adoption of a tax rate of $0.52 per $100
assessed valuation, which is effectively an 11.07 percent increase in the tax rate.”
FINANCE
Item 11
TOWN OF PROSPER, TEXAS ORDINANCE NO. 14-___
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ADOPTING THE TOWN OF PROSPER 2014 PROPERTY TAX
RATE; LEVYING TAXES FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 2014, AND ENDING SEPTEMBER 30, 2015, AT THE RATE OF $0.52 PER
ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL
TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE TOWN
OF PROSPER, TEXAS, IN ACCORDANCE WITH EXISTING STATUTORY
REQUIREMENTS; PROVIDING A SEVERABILITY CLAUSE; PROVIDING
FOR A REPEALER CLAUSE; PROVIDING FOR THE PUBLICATION OF THE
CAPTION HEREOF ON THE TOWN’S HOME PAGE OF ITS WEBSITE; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Town Council of the Town of Prosper, Texas (hereinafter referred to as
the “Town”), hereby finds that the tax for the fiscal year beginning October 1, 2014, and ending
September 30, 2015, hereinafter levied for current expenditures of the Town and the general
improvements of the Town and its property, must be levied to provide revenue requirements for
the budget for the ensuing year; and
WHEREAS, the Town Council has approved, by separate ordinance to be adopted on
the 23rd day of September, 2014, the budget for the fiscal year beginning October 1, 2014, and
ending September 30, 2015; and
WHEREAS, all statutory and constitutional requirements concerning the levying and
assessing of ad valorem taxes have been complied with by the Town.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The findings set forth above are incorporated into the body of this Ordinance as if fully
set forth herein.
SECTION 2
The Town Council of the Town of Prosper, Texas, does hereby adopt and levy the
following tax rate of $0.520000 per $100 assessed valuation for the Town for tax year 2014 as
follows:
$0.356301 for the purpose of maintenance and operation; and
$0.163699 for payment of principal and interest on debt service.
SECTION 3
The rate adopted is higher than both the effective and rollback rates as calculated
according to the Truth In Taxation provisions of the Texas Tax Code, as amended, and the total
levy for maintenance and operations exceeds last year’s levy for the same.
Item 11
Ordinance No. 14-__, Page 2
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND
OPERATIONS THAN LAST YEAR’S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 46.73 PERCENT
AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS
ON A $100,000 HOME BY APPROXIMATELY $30.11.
The Town’s website shall reflect the foregoing statements, pursuant to applicable
provisions of the Texas Tax Code, as amended.
SECTION 4
The Tax Assessor-Collectors for Collin County and Denton County are hereby
authorized to assess and collect the taxes of the Town of Prosper in accordance with this
Ordinance. The Town shall have all rights and remedies provided by the law for the
enforcement of the collection of taxes levied under this ordinance.
SECTION 5
All provisions of any ordinance in conflict with this Ordinance are hereby repealed;
however, such repeal shall not abate any pending prosecution for violation of the repealed
Ordinance, nor shall the repeal prevent prosecution from being commenced for any violation if
occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting ordinances
shall remain in full force and effect.
SECTION 6
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. The
Town hereby declares that it would have passed this Ordinance, and each section, subsection,
sentence, clause, or phrase thereof irrespective of the fact that any one or more sections,
subsections, sentences, clauses, or phrases be declared unconstitutional or invalid.
SECTION 7
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, BY A VOTE OF ___ TO ___, ON THIS THE 23RD DAY OF SEPTEMBER,
2014.
APPROVED:
___________________________________
Ray Smith, Mayor
ATTEST:
___________________________________
Robyn Battle, Town Secretary
Item 11
Ordinance No. 14-__, Page 3
APPROVED AS TO FORM AND LEGALITY:
___________________________________
Terrence S. Welch, Town Attorney
Item 11
Page 1 of 2
To: Mayor and Town Council
From: Matt Richardson, P.E., Senior Engineer
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon an ordinance repealing Article 12.09 "Speed Limits" of Chapter 12 "Traffic
and Vehicles" of the Town's Code of Ordinances and replacing it with a new Article 12.09 "Speed
Limits" to provide for the prima facie speed limits on streets within the Town.
Description of Agenda Item:
Town Council approved modifications to reduced speed school zones at the August 12, 2014,
Town Council meeting. While reviewing the Code of Ordinances relative to those changes, it
became apparent to staff that additional changes to Article 12.09 of the Code of Ordinances were
necessary to clearly describe speed limits within the Town.
Changes to the proposed ordinance include eliminating county road number designations,
modifying limits to match existing features, and updating text to mirror Section 545 of the Texas
Transportation Code. Street segments not covered by the previous ordinance are added by the
proposed ordinance. Additionally, sections regarding the establishment of 25 MPH speed zones
were simplified to reflect changes in state law since they were originally enacted.
Several speed limits are also proposed to be modified based on an investigation by the
Engineering Department and a review by the Police Department. Significant changes include the
following road segments:
Coleman Street (Gorgeous Drive – Talon Lane): reduce from 45 mph to 40 mph
Fishtrap Road (FM 1385 – Legacy Drive): reduce from 45 mph to 40 mph
First Street (Legacy Drive – BNSF Railroad): reduce from 45 mph to 40 mph
First Street (Coit Road – Custer Road): reduce from 45 mph to 40 mph
Windsong Parkway (1,000' North of US 380): establish 35 mph
Speed limits that will be modified by this ordinance will take effect upon the posting of signs
reflecting the new speed limit.
To simplify the codification process, this Ordinance also repeals and restates the previously
approved school zone ordinance. No additional changes to school zone limits or times will occur
as a result of this action.
Prosper is a place where everyone matters.
ENGINEERING
Item 12
Page 2 of 2
Budget Impact:
Adjustments to speed limit signs will be funded from the Streets Department operating budget.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the ordinance as to form and legality.
Attached Documents:
1. Ordinance
2. Speed Limit Map
Town Staff Recommendation:
Town staff recommends that the Town Council approve an ordinance repealing Article 12.09
"Speed Limits" of Chapter 12 "Traffic and Vehicles" of the Town's Code of Ordinances and
replacing it with a new Article 12.09 "Speed Limits" to provide for the prima facie speed limits on
streets within the Town.
Proposed Motion:
I move to approve an ordinance repealing Article 12.09 "Speed Limits" of Chapter 12 "Traffic and
Vehicles" of the Town's Code of Ordinances and replacing it with a new Article 12.09 "Speed
Limits" to provide for the prima facie speed limits on streets within the Town.
Item 12
TOWN OF PROSPER, TEXAS ORDINANCE NO. 14-__
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, REPEALING IN
ITS ENTIRETY EXISTING ARTICLE 12.09, “SPEED LIMITS,” OF CHAPTER
12, “TRAFFIC AND VEHICLES,” OF THE CODE OF ORDINANCES OF THE
TOWN OF PROSPER, TEXAS, AND REPLACING IT THEREIN WITH A
NEW ARTICLE 12.09, “SPEED LIMITS”: PROVIDING FOR THE PRIMA
FACIE SPEED LIMITS ON STREETS WITHIN THE TOWN OF PROSPER;
PROVIDING FOR NOTIFICATION; PROVIDING FOR REPEALING,
SAVINGS AND SEVERABILITY CLAUSES; PROVIDING FOR A PENALTY
FOR THE VIOLATION OF THIS ORDINANCE; PROVIDING FOR AN
EFFECTIVE DATE OF THIS ORDINANCE; AND PROVIDING FOR THE
PUBLICATION OF THE CAPTION HEREOF.
WHEREAS, the Town of Prosper, Texas (“Town”), is a home-rule municipal corporation
duly organized under the laws of the State of Texas; and
WHEREAS, Section 545.356 of the Texas Transportation Code, as amended, provides
that the governing body of a municipality may alter prima facie speed limits by ordinance based
on the results of an engineering and traffic investigation; and
WHEREAS, the Town has investigated the speed limits on streets within its corporate
limits and has determined that restating and modifying the prima facie speed limits is in the best
interests of the Town and its citizens.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The findings set forth above are incorporated into the body of this Ordinance as if fully
set forth herein.
SECTION 2
Existing Article 12.09, “Speed Limits,” of Chapter 12, “Traffic and Vehicles,” of the Code
of Ordinances is hereby repealed in its entirety and replaced with a new Article 12.09, “Speed
Limits,” to read as follows:
“ARTICLE 12.09 SPEED LIMITS
Sec. 12.09.001 Reasonable and Prudent Speed
A person shall not operate a vehicle upon a public street, highway, or alley in the Town at a
speed greater than is reasonable and prudent under the circumstances then existing, having
regard for actual and potential hazards, and as necessary to avoid colliding with another person
or vehicle that is on or entering the public street, highway, or alley in compliance with the law
and the duty of each person to use due care. A person shall operate a vehicle at an appropriate
reduced speed if approaching or crossing an intersection or railroad grade crossing,
approaching or going around a curve, approaching a hill crest, traveling on a narrow or winding
Item 12
Ordinance No. 14-__, Page 2
roadway, or other special hazards exist with regard to traffic including pedestrians, weather, or
highway conditions.
Sec. 12.09.002 Prima Facie Speed Limits
A person shall not operate a vehicle upon a public street, highway, or alley in the Town at a
speed greater than the limits established by this section or another section of this article, with
the limits established being prima facie evidence that the speed is not reasonable and prudent
and that the speed is unlawful. Except for a public street or highway listed specifically in
another section of this article, the following maximum speed limits are established:
(1) 45 miles per hour for streets and highways located outside an urban district.
(2) 30 miles per hour for streets and highways located in an urban district.
(3) 25 miles per hour for two-lane undivided streets located in a district consisting
primarily of single-family residential structures.
(4) 15 miles per hour for alleys and two-way streets less than 18 feet in width.
For the purpose of this section, an “urban district” shall mean a location with structures adjacent
to the street that are used for business, industry, or dwelling and are located at intervals of less
than 100 feet for a distance of at least one-quarter mile on either side of the street.
For the purpose of this section, a street with a median serving solely as an aesthetic or traffic
calming feature and located in a district consisting primarily of single-family residential
structures shall be considered an undivided street.
Sec. 12.09.003 Speed Limits on Specific Streets
A person shall not operate a vehicle upon a public street or highway listed in this section at a
speed greater than established by this section, with the limits established being prima facie
evidence that the speed is not reasonable and prudent and that the speed is unlawful. The
following maximum speed limits are established:
City Streets
Street Name Limits
Speed
Limit
(MPH)
Broadway McKinley Street to Coleman Street 25
Coit Road US 380 (University Drive) to FM 1461 (Frontier Pkwy) 45
Coleman Street Broadway to Gorgeous Drive 30
Coleman Street Gorgeous Drive to Talon Lane 40
Coleman Street Talon Lane to East End 30
Cook Lane South End to Prosper Trail 35
Item 12
Ordinance No. 14-__, Page 3
CR 27 Dallas Parkway to First Street 35
Craig Road SH 289 (Preston Road) to FM 1193 (Broadway) 25
Dallas Parkway US 380 (University Drive) to Frontier Parkway 45
First Street Legacy Drive to 400' West of BNSF Railroad 40
First Street 400' West of BNSF Railroad to Craig Road 30
First Street Craig Road to FM 2478 (Custer Road) 40
Fishtrap Road FM 1385 to Legacy Drive 40
Frontier Parkway Legacy Drive to Dallas Parkway 35
Frontier Parkway Dallas Parkway to SH 289 (Preston Road) 45
Gee Road US 380 (University Drive) to Fishtrap Road 35
Good Hope Road Fishtrap Road to Parvin Road 35
Hays Road First Street to South Chandler Circle 30
La Cima Boulevard US 380 (University Drive) to First Street 40
Legacy Drive Fishtrap Road to Frontier Parkway 35
McKinley Street First Street to Fifth Street 25
Main Street First Street to Seventh Street 25
Parvin Road FM 1385 to Legacy Drive 35
Prosper Commons Blvd. US 380 (University Drive) to Richland Boulevard 30
Prosper Road Teel Parkway to Legacy Drive 35
Prosper Trail Legacy Drive to Dallas Parkway 35
Prosper Trail Dallas Parkway to SH 289 (Preston Road) 40
Prosper Trail SH 289 (Preston Road) to FM 2478 (Custer Road) 45
Richland Boulevard Prosper Commons Boulevard to Coit Road 40
Richland Boulevard Coit Road to East End 30
Item 12
Ordinance No. 14-__, Page 4
Talon Lane Coleman Street to Frontier Parkway 40
Teel Parkway US 380 (University Drive) to Prosper Road 35
Windsong Parkway US 380 (University Drive) to 1,000 feet North of
US 380 (University Drive) 35
State Highways
Highway Limits
Speed
Limit
(MPH)
BUS 289D
(Coleman Street)
US 380 (University Drive) to 1,800 feet South of First
Street 55
BUS 289D
(Coleman Street)
1,800 feet South of First Street to 750 feet South of First
Street 45
BUS 289D
(Coleman Street) 750 feet South of First Street to FM 1193 (Broadway) 30
FM 1193
(Broadway) BS 289D (Coleman Street) to SH 289 (Preston Road) 35
FM 1385 US 380 to Parvin Road 55
FM 1461
(Frontier Pkwy) SH 289 (Preston Road) to FM 2478 (Custer Road) 55
FM 2478
(Custer Road) US 380 (University Drive) to FM 1461 (Frontier Pkwy) 55
SH 289
(Preston Road) US 380 (University Drive) to FM 1461 (Frontier Pkwy) 50
US 380
(University Drive) FM 1385 to Red Bud Drive 60
US 380
(University Drive) Red Bud Drive to FM 2478 (Custer Road) 55
Sec 12.09.004 Reduced Speed School Zones
A person shall not operate a vehicle upon a public street or highway listed in this section during
the hours indicated at a speed greater than established by this section, with the limits
established being prima facie evidence that the speed is not reasonable and prudent and that
the speed is unlawful. The following reduced speed school zones are established:
Item 12
Ordinance No. 14-__, Page 5
Street Name Limits Hours of
Operation
Speed
Limit
(MPH)
Cockrell Elementary School
Escalante Trail From Whitley Place Drive
to Prosper Trail
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Fisher Road From Escalante Drive
to 200 feet east of Escalante Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Mesa Drive From Escalante Drive
to 200 feet east of Escalante Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Orchard Grove Drive From west end of roadway
to Escalante Trail
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Prosper Trail From 750' west of Escalante Trail
to 300' east of Escalante Trail
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Red Wing Drive From Escalante Drive
to 215 feet east of Escalante Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Whitley Place Drive
From 150 feet southwest of
Escalante Trail
to 170 feet northeast of Escalante
Trail
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Folsom Elementary School
Arrowhead Drive
From La Cima Boulevard
to 120 feet southeast of La Cima
Boulevard
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Arrowhead Drive
From 270 feet northwest of
Sommerville Drive
to Sommerville Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Buffalo Springs Drive
From 200 feet north of Cedar Lake
Drive
to 185 feet south of Cedar Lake
Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Calaveras Court
From 260 feet northwest of
Sommerville Drive
to Sommerville Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Cedar Lake Drive
From 135 feet west of Buffalo
Springs Drive
to White River Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
La Cima Boulevard
From 300 feet southwest of
Arrowhead Drive
to 300 feet northeast of Arrowhead
Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Livingston Drive
From 180 feet northwest of Salada
Drive
to Twin Buttes Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Monticello Drive
From 130 feet northwest of La Cima
Boulevard
to La Cima Boulevard
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Salada Drive
From Livingston Drive
to 175 feet north east of Livingston
Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Item 12
Ordinance No. 14-__, Page 6
Sommerville Drive From White River Drive
to Livingston Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Texana Drive
From Livingston Drive
to 180 feet northeast of Livingston
Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Twin Buttes Drive
From Livingston Drive
to 170 feet northeast of Livingston
Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
White River Drive
From 190 feet south of Cedar Lake
Drive
to 280 feet north of Sommerville
Drive
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Rucker Elementary School
Craig Road From 100 feet north of Preston Road
to 100 feet south of First Street
7:30 AM to 8:15 AM
2:45 PM to 3:30 PM 20
Reynolds Middle School
Church Street From 30 feet north of Eighth Street
to Prosper ISD Property Line
7:30 AM to 8:15 AM
3:00 PM to 3:45 PM 20
Coleman Street
From 160 feet north of Gorgeous
Drive
to 60 feet south of Wilson Drive
7:30 AM to 8:15 AM
3:00 PM to 3:45 PM 20
Rogers Middle School
Coit Road
From 300 feet south of Richland
Boulevard
to 1,150 feet north of Richland
Boulevard
7:45 AM to 8:30 AM
3:00 PM to 3:45 PM 20
Richland Boulevard From 300 feet west of Coit Road
to east end of roadway
7:45 AM to 8:30 AM
3:00 PM to 3:45 PM 20
Prosper High School
Coleman Street From 110 feet east of Talon Lane
to east end of roadway
8:00 AM to 8:45 AM
3:15 PM to 4:00 PM 20
Frontier Parkway
From 3,930 feet west of SH 289
(Preston Road)
to 3,305 feet west of SH 289
(Preston Road)
8:00 AM to 8:45 AM
3:15 PM to 4:00 PM 20
Secs. 12.09.005—12.09.010 Reserved”
SECTION 5
All provisions of any ordinance in conflict with this Ordinance are hereby repealed to the
extent they are in conflict; 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 portion of
conflicting ordinances shall remain in full force and effect.
SECTION 6
If any section, subsection, sentence, clause or phrase of this Ordinance is for any
reason, held to be unconstitutional or invalid by a court of competent jurisdiction, such decision
Item 12
Ordinance No. 14-__, Page 7
shall not affect the validity of the remaining portions of this Ordinance. The Town of 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.
SECTION 7
Any person, firm or corporation violating any of the provisions or terms of this Ordinance
shall be deemed guilty of a misdemeanor and, upon conviction, shall be punished by fine not to
exceed the sum of five hundred dollars ($500.00) for each offense.
SECTION 8
This Ordinance shall become effective after its passage and publication, as required by
law.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 23RD DAY OF SEPTEMBER, 2014.
APPROVED:
___________________________________
Ray Smith, Mayor
ATTEST:
____________________________________
Robyn Battle, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
_____________________________________
Terrence S. Welch, Town Attorney
Item 12
Proposed Speed Limits 30 MPH 35 MPH 40 MPH 45 MPH 50 MPH 55 MPH x 60 MPH PARVIN RD LEGACY DR PROSPER RD PROSPER TR GOOD HOPE RD FIRST ST DDAALLLLAASS PPKKWWYY GEE RD TEEL PKWY FM 1385 HAYS RD FM 2478 (CUSTER RD) US 380 (UNIVERSITY DR) US 380 (UNIVERSITY DR) FM 1193 (BROADWAY) COLEMAN ST FISHTRAP RD SH 289 (PRESTON RD) FM1461 (FRONTIER PKWY))COIT RD RICHLAND BLVD FRONTIER PKWYPROSPER TR FIRST ST DALLAS PKWY CR 27 COOK LN WINDSONG PKWY LA CIMA BLVD BUS 289D (COLEMAN ST) Item 12
Page 1 of 2
To: Mayor and Town Council
From: Hulon T. Webb, Jr., P.E., Executive Director of Development and
Community Services
Through: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon authorizing the Town Manager to execute a Professional Services
Agreement between Dunaway Associates, LP, and the Town of Prosper, Texas, related to the
Frontier Park North Conceptual Master Plan and Sexton Park Conceptual Master Plan project.
Description of Agenda Item:
At the October 22, 2013, and December 10, 2013, Town Council meetings, staff discussed with
the Town Council the following park development and open space opportunities:
Site #1: Southwest corner of Frontier Park
Site #2: Open space area on the north side of Prosper High School
Site #3: Open space area on the north side of Frontier Park
Site #4: Sexton Park property
Site #5: Open space areas within Eagles Landing Park
After discussion on the different options, the Town Council directed staff to proceed with the
development of the southwest corner of Frontier Park; continue with the previously approved
plans to install athletic field lighting on the southeast corner of Frontier Park; evaluate the
options to remove the deed restricted 300’ light buffer on the south and west side of Frontier
Park; and, to wait until the Parks Master Plan needs assessment is complete before identifying
any improvements to the north side of Frontier Park and/or Sexton Park.
During the 2014 Town Council strategic planning session, the following goals were identified:
Prepare a preliminary master plan for Sexton Park
Revise the master plan for Frontier Park
At this time, the development of the southwest corner of Frontier Park is nearing completion; the
athletic field lighting has been installed on the southeast corner of Frontier Park; and, Dunaway
Associates, LP, is currently working on the update of the Parks, Recreation & Open Space
Master Plan and nearing completion of the demand and needs assessments portion of the
update.
PARKS &
RECREATION
Prosper is a place where everyone matters.
Item 13
Page 2 of 2
In order to utilize available funding in the Parks and Recreation Department’s FY 2013-2014
approved budget and expedite the planning of Frontier Park North and Sexton Park, information
from the demand and needs assessments will be used to develop a Frontier Park Conceptual
Master Plan and a Conceptual Master Plan for the Sexton Park property. The Conceptual
Master Plans will be a tool that Town staff can use for future improvements and budgets for new
infrastructure and recreational facilities.
Dunaway Associates, LP, will perform professional services to provide Conceptual Master Plans
for Frontier Park North and Sexton Park that will include the following:
A. Data Gathering & Program Confirmation
Provide an Existing Conditions Base Map.
Coordinate Program Discussions and a Program Summary for each park property.
B. Concept Master Plan
Provide two conceptual plan alternatives with preliminary cost budget projections.
Present to the Parks and Recreation Board and Town Council the two alternative
conceptual plans.
Provide Final Illustrative Master Plan graphic with preliminary cost budget projections
based on feedback.
The professional services agreement was tabled at the August 12, 2014, Town Council meeting
to allow the consultant and staff to bring examples of the deliverables and to provide more
information. This requested information was provided in the August 15, 2014, Weekly Update.
Budget Impact:
The $33,150 for the Frontier Park North Conceptual Master Plan and Sexton Park Conceptual
Master Plan project will be funded from cost savings in the Parks and Recreation Department’s
FY 2013-2014 approved budget related to the Parks, Recreation, and Open Space Master Plan
Update.
Legal Obligations and Review:
Terrence Welch of Brown & Hofmeister, L.L.P., has approved the standard Professional
Services Agreement as to form and legality.
Attached Documents:
1. Professional Services Agreement
2. Example of Deliverables
Town Staff Recommendation:
Town staff recommends that the Town Council authorize the Town Manager to execute a
Professional Services Agreement, in the amount of $33,150, between Dunaway Associates, LP,
and the Town of Prosper, Texas, related to the Frontier Park North Conceptual Master Plan and
Sexton Park Conceptual Master Plan project.
Proposed Motion:
I move to authorize the Town Manager to execute a Professional Services Agreement, in the
amount of $33,150, between Dunaway Associates, LP, and the Town of Prosper, Texas, related
to the Frontier Park North Conceptual Master Plan and Sexton Park Conceptual Master Plan
Project.
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Page 1 of 2
To: Mayor and Town Council
From: Harlan Jefferson, Town Manager
Re: Town Council Meeting – September 23, 2014
Agenda Item:
Consider and act upon authorizing the Mayor to execute the First Amended and Restated Development
and Financing Agreement with Blue Star Land, L.P., Blue Star Allen, L.P., 183 Land Corp., and Prosper
Economic Development Corporation, for the reimbursement of the cost of construction of public
infrastructure to be constructed within Tax Increment Reinvestment Zone Number One, Town of
Prosper.
Description of Agenda Item:
On March 25, 2008, the Town Council approved a Development and Financing Agreement with Blue
Star Land, L.P., Blue Star Allen, L.P., and 183 Land Corp., to address the cost of construction of public
infrastructure within TIRZ No. 1. On October 28, 2008, the Town Council adopted Ordinance 08-103
designating the TIRZ No. 1 to promote the development or redevelopment of the area. At that time, a
Preliminary Project and Financing Plan was presented and approved.
The Town Council is being asked to consider approval of the First Amended and Restated
Development and Financing Agreement with Blue Star Land, L.P., Blue Star Allen, L.P., and 183 Land
Corp. The Prosper Economic Development Corporation has also been made a party to the
agreement. In place of the Project and Financing Plan, a Forecast of Local Tax Revenue Generated by
Prosper TIRZ No. 1 has been prepared. The new agreement eliminates the risk from the Town issuing
debt and relies on Blue Star increasing the property values and other revenue within the TIRZ No. 1 for
repayment of the private financing. Blue Star has accepted that risk. In addition to the projected
$187,051,828 in revenue for the TIRZ No. 1, the agreement has the potential to generate $221,226,718
in revenue for the Town, $270,052,723 for PISD, $22,278,490 for Collin County, and $13,525,760 for
Collin County Community College.
Some of the major differences between the original and first amended agreements are highlighted in
the following table:
Prosper is a place where everyone matters.
ADMINISTRATION
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Original First Amended and Restated
Maximum Construction Payment
Maximum was $56 million for public improvements and $8
million for Preston Rd.
Maximum is $58 million for public improvements.
Issuance of Debt
The Town and/or Public Improvement District to facilitate the
issuance of the bonds and incur interest.
Blue Star will finance construction projects and get repaid
principal and interest.
Municipal Site
Blue Star required to convey to Town without cost an 8-acre
municipal site.
Blue Star required to convey to Town without cost an 8-acre
municipal site, plus 19 acres for park and/or municipal
purposes with flexibility for location.
Impact Fees
Required a waiver of impact fees, and development permit
fees in consideration of dedication of water tower site and
municipal site.
Impact fees will be collected, deposited into special account,
and credited dollar for dollar against maximum construction
payment. Development and permit fees will be deposited into
special account if previously mentioned acres are conveyed
to Town within six months after the agreement effective date.
Private Improvements
Blue Star was required to construct 650,000 sq. ft. of private
improvements.
Blue Star is required to construct 900,000 sq. ft. of private
improvements in no more than three phases.
Budget Impact:
Revenues generated and contributed to the project fund:
70% of Town’s real property ad valorem tax increment in TIRZ No. 1
100% of Town’s real property ad valorem tax in TIRZ No. 1 attributable to “rollback” taxes
40% of one percent municipal sales tax generated in TIRZ No. 1
67% of one-half of one percent (0.5%) municipal sales tax imposed pursuant to the Development Corpo-
ration Act on behalf of Prosper Economic Development Corporation and generated within TIRZ No. 1
50% of Collin County’s ad valorem tax increment in TIRZ No. 1
25% of 380 Construction Sales Office Revenue for private improvements in TIRZ No. 1
100% of impact fees collected in TIRZ No. 1 and additional wastewater impact fees collected in the addi-
tional area to benefit from the western sewer main to be constructed
Legal Obligations and Review:
Attorney Pete Smith has reviewed the agreement as to form and legality.
Attached Documents:
1. First Amended and Restated Development and Financing Agreement
2. Forecast of Local Tax Revenue Generated by Prosper TIRZ No. 1
Town Staff Recommendation:
Town staff recommends that the Town Council authorize the Mayor to execute the First Amended and
Restated Development and Financing Agreement with Blue Star Land, L.P., Blue Star Allen, L.P., 183
Land Corp., and Prosper Economic Development Corporation, for the reimbursement of the cost of
construction of public infrastructure to be constructed within Tax Increment Reinvestment Zone Number
One, Town of Prosper.
Proposed Motion:
I move to authorize the Mayor to execute the First Amended and Restated Development and Financing
Agreement with Blue Star Land, L.P., Blue Star Allen, L.P., 183 Land Corp., and Prosper Economic
Development Corporation, for the reimbursement of the cost of construction of public infrastructure to
be constructed within Tax Increment Reinvestment Zone Number One, Town of Prosper.
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Item 14
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Page
Article I, Purpose and Definitions
Section 1.1. Purpose .....................................................................................................................4
Section 1.2. Definitions................................................................................................................4
Article II, Term ............................................................................................................................14
Article III, Economic Development Program
Section 3.1. Economic Development Program ..........................................................................14
Section 3.2. 380 Rollback Revenues..........................................................................................15
Section 3.3. 380 Construction Sales Office Revenues ...............................................................15
Section 3.4. Impact Fees ............................................................................................................17
Section 3.5. Conveyance of Municipal Site and Water Tower Site ...........................................17
Section 3.6. PEDC Contribution to Project Fund ......................................................................18
Section 3.7. TIRZ Boundary Adjustment ..................................................................................18
Section 3.8. Pre-Development TIRZ Projects ............................................................................18
Article IV, Improvements
Section 4.1. Construction of Private Improvements ..................................................................18
Section 4.2. Construction of Public Improvements ...................................................................20
Section 4.3. Design and Construction of Projects ......................................................................23
Section 4.4. Liens, Encumbrances, and Charges .......................................................................24
Section 4.5. Company’s Right to Mortgage...............................................................................24
Section 4.6. Maintenance of Common Areas ............................................................................25
Section 4.7. Regulatory Requirements Control .........................................................................25
Article V, Payment of Construction Costs
Section 5.1. Private Improvements ............................................................................................25
Section 5.2. Public Improvements .............................................................................................25
Section 5.3. Sales and Use Tax Information ..............................................................................31
Article VI, Indemnification .........................................................................................................32
Article VII, Representations
Section 7.1. Representations of Company .................................................................................34
Section 7.2. Representations of the Town and the PEDC..........................................................35
Article VIII, Termination; Remedies
Section 8.1. Default; Remedies ..................................................................................................36
Section 8.2. Termination of Agreement for Failure to Construct
Pubic and/or Private Improvements .......................................................................37
Article XI, Miscellaneous Provisions
Section 9.1. Assignment ............................................................................................................38
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Section 9.2. Entire Agreement ...................................................................................................38
Section 9.3. Notices ...................................................................................................................38
Section 9.4. Partial Invalidity.....................................................................................................40
Section 9.5. Counterparts ...........................................................................................................40
Section 9.6. No Partnership, Joint Venture or Joint and Several Liability ................................41
Section 9.7. Representatives Not Individually Liable ...............................................................41
Section 9.8. Compliance with Laws ..........................................................................................41
Section 9.9. Venue .....................................................................................................................42
Section 9.10. Survival of Covenants ............................................................................................42
Section 9.11. Town Attorney Fees ...............................................................................................42
Section 9.12. Fees for Preparation of Project Plan and Financing Plan ......................................42
Section 9.13. Recitals ...................................................................................................................42
Section 9.14. Employment of Undocumented Workers ..............................................................42
Section 9.15. Exhibits ..................................................................................................................43
Section 9.16. Approvals and Actions ...........................................................................................43
Section 9.17. First Amended and Restated Agreement ...............................................................43
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FIRST AMENDED AND RESTATED
DEVELOPMENT AND FINANCING AGREEMENT
This First Amended and Restated Development and Financing Agreement (this
“Agreement”) is entered into among the Town of Prosper, Texas (the “Town”), a duly
incorporated municipality of the State of Texas, the Prosper Economic Development Corporation
(the “PEDC”), a Texas non-profit corporation, and Blue Star Land, LP, a Texas limited
partnership (the "Company") (Company, the PEDC and the Town are collectively referred to as
the “Parties” and singularly as a “Party”), 183 Land Corp., a Texas corporation, and Blue Star
Allen Land LP, a Texas limited partnership (collectively the “Additional Landowners”)
(collectively with the Company and Additional Landowners the “Landowners”), acting by and
through their respective authorized officers.
RECITALS
All terms with initial capital letters used in these Recitals without definition have the
meanings given to them in Section 1.2.
WHEREAS, the Company intends to develop approximately 600 acres of land located in
the Town of Prosper, Texas owned by the Landowners, more particularly described in Exhibit 1
hereto (the "Land"). The Gates of Prosper development is projected to be one of North Texas'
largest "Town Center" multi-use projects including retail, office and residential uses. The
Company intends to utilize new urbanism design to incorporate outdoor retailing, public plazas,
civic spaces, landscaped parkland and a food retailing and specialty market area into an
integrated first-class destination project. The Company plans to incorporate open space, civic
and public areas, pedestrian-oriented plazas and multi-purpose gathering places to create a "sense
of place" that should be the future center of the Prosper community; and
WHEREAS, the Town Council of the Town adopted Ordinance No. 05-20 providing
zoning regulations for the development and use of the Gates of Prosper, and thereby created
Planned Development Zoning Districts 00-03-PD-3 and 04-47-PD13, as amended by Ordinance
No. 14-32, encompassing the Gates of Prosper in accordance with the applicable codes,
ordinances, and procedures of the Town (the “Zoning Ordinance”). The zoning district describes
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the specific categories of uses and development activities that are permissible within the zoning
district, and includes minimum design standards for the zoning district; and
WHEREAS, the Gates of Prosper (the "Development") will require the construction and
financing of the public streets, water, sewer and drainage facilities, urban park sites, and other
public infrastructure and improvements that are described on Exhibit 2 hereto (collectively, the
"Public Improvements") all of which will enhance and benefit the Town and will enable the use
of the Gates of Prosper for the development, retention, and expansion of business enterprises and
residential uses within the area and to attract high quality commercial and retail owners or
tenants to the Development; and
WHEREAS, the Town has approved Ordinance No. 08-103 designating the Land as a
Tax Increment Financing Reinvestment Zone No. One in accordance with the Tax Increment
Financing Act, Tax Code, Chapter 311, to be known as Tax Increment Financing Reinvestment
Zone Number One, Town of Prosper (the “TIRZ”); and
WHEREAS, pursuant to the Reinvestment Zone Number One Participation Agreement,
dated October 14, 2008, Collin County agreed to participate in the TIRZ and contribute fifty
percent (50%) of its Tax Increment to the Tax Increment Fund; and
WHEREAS, the Parties intend that the Construction Costs of the Public Improvements
plus Interest will be paid or reimbursed solely from the Project Fund up to the Maximum
Construction Payment plus Interest; and
WHEREAS, Town reserves the right to construct the Public Improvements required for
the Private Improvements and otherwise to be constructed by Company and to use the Project
Fund to pay the Construction Costs of the Public Improvements and Interest as set forth in this
Agreement; and
WHEREAS, the PEDC agrees to contribute an amount equal to a percentage of the sales
and use tax imposed pursuant to Chapter 501, Texas Local Government Code, on behalf of the
PEDC, on the sale of Taxable Items Consummated within the TIRZ toward the payment of the
construction costs of Public Improvements which meet the definition of Infrastructure within
TIRZ to be deposited into the Project Fund; and
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WHEREAS, the Development Corporation Act, Chapters 501-505 of the Texas Local
Government Code, as amended (the “Act”), authorizes the PEDC to provide economic
development grants for the creation and retention of primary jobs that are required for the
development of manufacturing and industrial facilities, research and development facilities, and
for infrastructure suitable for new or expanded industrial business enterprises; and
WHEREAS, the PEDC has determined that the contribution of sales and use tax by the
PEDC for deposit in the Project Fund to be made hereunder are required or suitable to promote
or develop new or expanded business enterprises and constitutes a “project”, as that term is
defined in the Act; and
WHEREAS in furtherance of the intent of the Parties to pay for or reimburse the
Construction Costs for the Public Improvements plus Interest, the Town has: (i) designated the
TIRZ and appointed the TIRZ Board; (ii) caused the TIRZ Board to approve a final project and
finance plan; and (iii) entered into a Participation Agreement that provides County participation
in the TIRZ; and
WHEREAS in furtherance of the intent of the Parties to pay or reimburse the
Construction Costs, for the Public Improvements, plus Interest, the Town intends to provide the
Project Funds to pay for, or pay or reimburse Company and/or the Town, as the case may be, for
Construction Costs for the Public Improvements, plus Interest; and
WHEREAS the Parties intend that all Public Improvements will be constructed on land
and easements owned, leased, or licensed by or dedicated to the Town upon terms and conditions
approved by the Town Manager in writing, pursuant to applicable Town ordinances; and
WHEREAS the Parties intend that all of the costs of the Private Improvements will be
paid by Company from private funds; and
WHEREAS, the Parties intend that all Construction Costs of the Public Improvements
and Interest in excess of the Maximum Construction Payment will be paid exclusively by
Company from private funds; and
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WHEREAS to promote local economic development and stimulate business and
commercial activity within the Town and to develop and diversify the economy of the state by
eliminating unemployment or underemployment and developing or expanding commerce in the
state, including the enhancement of the Land, the Town, by executing this Agreement, intends to
create the Economic Development Program that will achieve the foregoing economic
development objectives and make economic development grants in accordance with such
program;
NOW THEREFORE, for and in consideration of the mutual covenants hereinafter set
forth, and other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:
ARTICLE I PURPOSE AND DEFINITIONS
Section 1.1. Purpose
This Agreement is executed: (a) to provide for the payment or reimbursement to the
Company and/or the Town, as the case may be, of Construction Costs of the Public
Improvements up to the Maximum Construction Payment, plus Interest; (b) to establish the
Economic Development Program; (c) to implement the Economic Development Program
through the payments of economic development grants; (d) to provide for a Project Fund to
achieve the foregoing purposes; and (e) to otherwise provide for the development of the Land.
Section 1.2. Definitions
Unless the context requires otherwise, the terms with initial capital letters are defined as
follows:
380 Construction Sales Office Revenues means twenty-five percent (25%) of the Town’s
Sales Tax Receipts from the Comptroller as a result of the sale of Taxable Items by the
Retailers Consummated at the Construction Sales Office.
380 Rollback Revenues means the rollback taxes assessed against the Land and collected
by the Town.
Additional Landowners means 183 Land Corp., a Texas corporation, Blue Star Allen
Land LP, a Texas limited partnership, 380 & 289, L.P., a Texas limited partnership and
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289 (Preston) & 380, L.P., a Texas limited partnership, and their successors and assigns
to the Land.
Administrative Expenses mean reasonable costs and expenses paid or incurred by the
Town and associated with, or incident and allocable to, the organization and
administration of the TIRZ, or other funding sources, as applicable, including but not
limited to the costs or expenses paid or incurred by the Town as set forth herein.
Administrative Expenses include reasonable costs and expenses of the Town and the
PEDC in administering the Economic Development Program. Administrative Expenses
do not include any costs and expenses incurred by the Company, its contractors, agents
and employees.
Agreement means this First Amended and Restated Development and Financing
Agreement.
Available TIRZ Revenues means TIRZ Revenues less Administrative Expenses.
Bankruptcy or Insolvency means the dissolution or termination of a Party’s existence as a
going business, insolvency, appointment of receiver for any part of such Party’s property
and such appointment is not terminated within one hundred eighty (180) days after such
appointment is initially made, any general assignment for the benefit of creditors, or the
commencement of any proceeding under any bankruptcy or insolvency laws by or against
such Party and such proceeding is not dismissed within one hundred eighty (180) days
after the filing thereof.
Captured Appraised Value means the total Taxable Value of all real property taxable by a
Taxing Unit, and located within the TIRZ for the year less the Tax Increment Base of the
respective Taxing Unit.
Chapter 380 means Chapter 380 of the Texas Local Government Code, as amended.
Chapter 395 means Chapter 395 of the Texas Local Government Code, as amended.
Commencement Date means the date of the Commencement of Construction of any of
the Public Improvements.
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Commencement of Construction means, for each Development Project, that: (i) plans
have been prepared and all approvals required by applicable governmental authorities
have been obtained for construction of the Development Project; (ii) all necessary permits
pursuant to the approved plans have been issued; and (iii) grading, if necessary, of the
applicable portion of the Land has commenced.
Company has the meaning given such term in the introductory paragraph.
Completion of Construction means: (i) for Public Improvements, that the improvements
have been completed, inspected by the Town, and accepted by the Town; and (ii) for
Private Improvements, that the building or structure has been completed and a certificate
of occupancy has been issued by the Town for the applicable building or other structure.
Comptroller means the office of the Texas Comptroller, or its successor.
Construction Agreement means an agreement for the design or construction of Public
Improvements as approved by the Town Manager pursuant to applicable Town
ordinances and Company. Whenever possible, Construction Agreements shall be
"separated contracts" that divide the contract price into a stated agreed amount for
incorporated materials and a separately agreed amount for skill and labor.
Construction Costs means the costs and expenses paid or incurred as approved by the
Town Manager in accordance with applicable Town ordinances pursuant to an approved
Construction Agreement entered into on or before the 15th anniversary of the Effective
Date in connection with the design and construction of Public Improvements including,
but not limited to, costs for: (i) designing, planning, constructing, acquiring, and
installing the Public Improvements, (ii) labor, materials, and payment and performance
bonds for Public Improvements, and (iii) architectural, engineering, and insurance
premiums related to the Public Improvements. Construction Costs do not include cost of
financing, interest on loans for construction, internal management fees, capitalized
interest, reserve accounts, and costs of acquisition of easements or right-of-way.
Construction Sales Office has the meaning assigned in Section 3.3.
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Consummated has the meaning assigned such term by the Texas Tax Code, as amended.
Contractor means the contractors selected by Company or the Town, as the case may be,
and jointly approved by the Town and Company to act as a general contractor under any
Construction Agreement.
County means Collin County, Texas.
Development has the meaning given such term in the Recitals.
Development Projects means the Private Improvements or the Public Improvements or
any portion thereof, as the case may be.
Economic Development Program means the program described in Section 3.1 for the
promotion of economic development within the Town and the Land pursuant to and as
authorized by Chapter 380.
Effective Date means the last date of execution hereof by the Parties.
Force Majeure means any contingency or cause beyond the reasonable control of a Party,
including, without limitations, acts of God or the public enemy, war, riot, civil
commotion, insurrection, adverse weather, government or de facto governmental action
or inaction (unless caused by negligence or omissions of such Party), fires, explosions,
floods, strikes, slowdowns or work stoppages, and shortage of materials and labor.
Gates of Prosper means a mixed-used development consisting of approximately 600 acres
of land within the Town generally bounded by First Street on the north, U.S. 380 on the
south, BNSF Railroad on the west, and along either side of Preston Road (S.H. 289), as
described in Exhibit 1. The Company has represented to the Town that the Gates of
Prosper is currently expected to contain a mixed-use development generally consisting
of: (i) retail shopping (dependent upon market conditions), (ii) restaurant, office space
and other commercial space (dependent upon market conditions), (iii) single family
dwellings each located on a single family lot and multi-family dwelling units, and
(iv) other ancillary facilities such as reasonably required parking and landscaping, as
more fully described in the submittals filed by Company with the Town from time to time
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in order to obtain building permits. The Company currently anticipates that the Gates of
Prosper will be developed in phases. However, the number of phases comprising the
Gates of Prosper will ultimately be dependent upon market conditions.
Impact Fees mean impact fees adopted by the Town pursuant to Chapter 395 of the Texas
Local Government Code, as amended, or any successor or similar statute.
Impact Fee Revenues mean the Impact Fees assessed and collected by the Town,
including roadway, water and waste water Impact Fees assessed against the real property
located within the TIRZ and the Waste Water Impact Fees assessed and collected by the
Town against the real property described in Exhibit 3 (the “Impact Fee Additional
Territory”).
Impositions mean all taxes, assessments, use and occupancy taxes, charges, excises,
license and permit fees, and other charges by public or governmental authority, general
and special, ordinary and extraordinary, foreseen and unforeseen, which are or may be
assessed, charged, levied, or imposed on Company by any public or governmental
authority with respect to the Land or the Private Improvements or with respect to any
other land or improvements, tangible personal property, and any other business or
property owned by Company and located within the Town.
Infrastructure has the same meaning assigned by Section 501.103, Texas Local
Government Code, as amended.
Interest means interest calculated at a 3.50% annual rate on a simple interest basis.
Land means the land described in Exhibit 1.
Landowners collectively mean the Company and the Additional Landowners.
Maximum Construction Payment means $58,000,000.00.
Municipal Site means (i) a minimum of 8 acres of land (unless the Parties agree to a
lesser amount) within the TIRZ at such location as is mutually agreed to by the Town and
the Company for the development and construction of a town hall, park or other
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municipal uses of land within the TIRZ; and (ii) acreage of land within or outside of the
TIRZ at such location as is mutually agreed to by the Town and the Company for the
development and construction of a fire station, with the aggregate of such acreage not to
exceed 27 acres inclusive of the one acre site for the Water Tower previously dedicated
and conveyed to the Town.
Net Leasable Space means floor area for which a certificate of occupancy has been issued
by the Town upon which rental payments are based.
Participation Agreement means Reinvestment Zone Number One Participation
Agreement dated October 14, 2008, between the Town and the County pursuant to which
the County is contributing 50% of the County’s Tax Increment to the Tax Increment
Fund.
Parties mean the Town, the PEDC and Company.
Payment Request means a written request from Company to the Town for an annual
Reimbursement Payment accompanied by: (i) copies of invoices, bills, receipts and such
other information as may be reasonably requested by Town to document Construction
Costs for Public Improvements, plus Interest; (ii) satisfactory written proof that all
amounts owing to Contractors and subcontractors for the Public Improvements have been
paid in full evidenced by the customary affidavits executed by Company and/or its
Contractors; and (iii) Sales Tax Area Reports and Sales Tax Certificates, as applicable.
PEDC means the Prosper Economic Development Corporation.
Person means an individual, corporation, partnership, trust, estate, unincorporated
organization, association or other entity.
Private Improvements means improvements (other than the Public Improvements) to be
constructed by the Company, or others, within the Land using private funds without
reimbursement pursuant to this Agreement.
Project Plan means the project plan for the development or redevelopment of TIRZ, as
amended.
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Project Fund collectively means (i) the Available TIRZ Revenues; (ii) sixty-seven
percent (67%) of PEDC’s Sales Tax Receipts, (iii) the 380 Construction Sales Office
Revenues; (iv) one hundred percent (100%) of the 380 Rollback Revenues; and (v) the
Impact Fee Revenues. Public Improvements has the meaning given such term in the
Recitals.
Regulatory Requirements mean the uniformly applicable codes, rules, regulations, and
ordinances of the Town (including without limitation the Zoning Ordinance), the
requirements and provisions of any state or federal law, and any permits, rules, orders or
regulations issued or adopted from time to time by any state or federal regulatory
authority having jurisdiction concerning storm water management, drinking water
standards, water quality standards, or the discharge of wastewater or effluent or otherwise
having jurisdiction over the Land.
Reimbursement Payment means the annual payment to the Company for Construction
Costs for Public Improvements, plus Interest, from the Project Fund as set forth herein.
Reimbursement Payments will be made quarterly if reasonably possible.
Related Agreement means any agreement (other than this Agreement) by and between or
among the Town and/or the PEDC, and the Company, or any affiliated or related entities of
the Company that is related to the Development of the Land.
Retailers means: (i) with respect to the TIRZ, the Company and any owner/occupants,
tenants, and lessees within the TIRZ and each and every entity required by the
Comptroller to collect Sales and Use Tax on the sale of Taxable Items Consummated
within the TIRZ, (ii) with respect to the 380 Construction Sales Office Revenues,
Company, Contractor(s) and each and every entity required by the Comptroller to collect
Sales and Use Tax on the sale of Taxable Items Consummated at the Construction Sales
Office.
Sales and Use Tax means (i) with respect to the Town, the Town’s one percent (1%)
general municipal sales and use tax imposed pursuant to Chapter 321, Texas Tax Code,
on the sale of Taxable Items by Retailers Consummated within the TIRZ or at the
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Construction Sales Office, as applicable; and (ii) with respect to PEDC, one-half of one
percent (0.5%) sales and use tax imposed pursuant to the Development Corporation Act,
Chapter 501, Texas Local Government Code, on behalf of PEDC, on the sale of Taxable
Items by the Retailers Consummated within the TIRZ.
Sales Tax Area Reports means reports provided by the Comptroller pursuant to Texas
Tax Code, Section 321.3022, or provision of the Texas Tax Code, with respect to Sales
and Use Tax allocations to the Town and the PEDC attributable to sale of Taxable Items
by the Retailers Consummated within the TIRZ, or the Construction Sales Office, as
applicable, or if such reports are not available from the Comptroller such other
documentation in a form reasonably acceptable to the Town and the PEDC setting forth
the collection of Sales and Use Tax by the Retailers received by the Town and the PEDC
from the Comptroller for the sale of Taxable Items by the Retailers Consummated in the
Town within the TIRZ or at the Construction Sales Office as applicable.
Sales Tax Base means with respect to the Town the amount of municipal Sales and Use
Tax attributable to the TIRZ for the year in which the TIRZ was designated (2008).
Sales Tax Certificate means one or more Sales Tax Area Reports or a report provided by
the Comptroller to the Town in accordance with Section 321.3022, Texas Tax Code (or
other applicable provision of the Texas Tax Code), which lists the amount of Sales and
Use Tax collected (including any refunds, credits or adjustments) for the Sales Tax
Reporting Period paid by Retailers and received by the Town (and the PEDC) from the
Comptroller from the sale of Taxable Items Consummated within the TIRZ or the
Construction Sales Office, as applicable and, in turn, paid by the Comptroller to the
Town (and the PEDC) for use by the Town (and the PEDC) in accordance with this
Agreement; or, if such a report is not available, then a certificate or statement in a form
reasonably approved by the Town, setting forth the collection of Sales and Use Tax
(including any refunds, credits or adjustments) by Retailers received by the Town (and
the PEDC) from the Comptroller, from the sale of Taxable Items Consummated within
the TIRZ or the Construction Sales Office, as applicable, including supporting
documentation, to be provided by Retailers that provides the same or similar information,
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as such other information as the Town (and PEDC) may reasonable require from time to
time.
Sales Tax Increment means the amount of the Town’s municipal Sales and Use Tax
above the Sales Tax Base that is generated within the TIRZ.
Sales Tax Receipts means (i) with respect to the Town, forty percent (40%) of the
Town’s receipts of Sales and Use Tax from the Comptroller from the Retailers’ collection
of Sales and Use Tax (it being expressly understood that the Town’s use of the sales and
use tax receipts are being used only as a measurement for its use of general funds to make
a grant for economic development purposes) as a result of the sale of Taxable Items by
Retailers for the Sales Tax Reporting Period Consummated within the TIRZ or at the
Construction Sales Office, as applicable; and (ii) with respect to the PEDC, sixty-seven
percent (67%) of the PEDC’s receipts of Sales and Use Tax from the Comptroller from
the Retailers’ collection of Sales and Use Tax (it being expressly understood that the
PEDC’s use of the sales and use tax receipts are being used only as a measurement for its
use of general funds to make a grant for economic development purposes) as a result of
the sale of Taxable Items by Retailers for the Sales Tax Reporting Period Consummated
within the TIRZ.
Sales Tax Reporting Period means a calendar year (with the calendar year ending
December 31) except that the first Sales Tax Reporting Period shall begin on the
Commencement Date and continue through and include the last day of the first calendar
year following the Commencement Date.
Tax Increment means (i) the total amount of property taxes assessed and collected by a
Taxing Unit for the year on the Captured Appraised Value of real property taxable by
such Taxing Unit and located in the TIRZ (the amount of the Tax Increment contributed
by a Taxing Unit shall be limited to any maximum amount or other terms set forth in the
respective participation agreement of such Taxing Unit, or ordinance designating the
Zone in the case of the Town; and (ii) for purposes of this Agreement the amount of any
Sales Tax Increment to be contributed by the Town to the Tax Increment Fund.
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Tax Increment Base means the total Taxable Value of all real property taxable by a
Taxing Unit and located within the TIRZ for the year in which the TIRZ is designated
(2008).
Tax Increment Fund means the fund by that name required to be created and maintained
by the Town in accordance with the TIRZ Act and into which TIRZ Revenues are
deposited and from which Construction Costs for Public Improvements, plus Interest,
shall be paid as set forth herein.
Tax Protest has the meaning assigned in Section 5.2 (i).
Taxable Items means both “taxable items” and “taxable services” as those terms are
defined by Chapter 151, Texas Tax Code, as amended.
Taxable Value means the appraised value as certified by the appraisal district, or its
successor, for a given year.
Taxing Unit means the Town and any taxing unit that taxes real property within the TIRZ
and enters into an agreement with the Town to contribute Tax Increment to the Tax
Increment Fund.
TIRZ means Reinvestment Zone Number One, Town of Prosper designated by the Town
pursuant to the TIRZ Act.
TIRZ Act means Chapter 311, Texas Tax Code, as amended.
TIRZ Board means the Board of Directors of the TIRZ.
TIRZ Revenues means: (i) forty (40%) of the Town’s municipal Sales Tax Increment, (ii)
seventy percent (70%) of the Town’s municipal ad valorem Tax Increment, and (iii) fifty
percent (50%) of the County’s ad valorem Tax Increment.
Town means the Town of Prosper, Texas.
Town Manager means the Manager of the Town or any person appointed by the
governing body of the Town to perform the duties of the Town Manager.
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Zoning Ordinance has the meaning given such term in the Recitals.
ARTICLE II
TERM
The term of this Agreement shall begin on the Effective Date and shall continue until the
earlier of: (i) December 31, 2045; (ii) the date of termination of the TIRZ provided the Town
does not adopt an ordinance to terminate the TIRZ prior to December 31, 2045; (iii) the date that
the Town has paid the Maximum Construction Payment, plus Interest; or (iv) the date the Town
has paid Construction Costs plus Interest totaling $93,079,000.00. The expiration of the term of
this Agreement shall not affect the term of the TIRZ, or any other agreement executed by the
Town pursuant to this Agreement; provided however the Reimbursement Payments from the
Project Fund shall terminate.
ARTICLE III
ECONOMIC DEVELOPMENT PROGRAM
Section 3.1. Economic Development Program
The Development is strategically located in one of the fastest growing areas of north
Texas north of the intersection of Preston Road (a major, multi-lane, north-south highway
that begins near downtown Dallas and extends northerly through and beyond the Town)
and U.S. Highway 380 (a major, multi-lane, east-west divided highway through Denton
and Collin Counties connecting the City of Denton with the City of McKinney). The
location affords the Development a significant competitive advantage over other
locations along Preston Road and US 380 if the public infrastructure necessary to support
the Development can be timely constructed. The governing body of the Town has
determined that the Development is important to the economic future of the Town and
that it is in the best interest of the Town and its current and future residents to provide
economic development grants to encourage and accelerate the construction of the public
infrastructure at the earliest possible time so that the Town can take maximum advantage
of the competitive location of the Development. The governing body of the Town has
further determined that the Development will promote local economic development and
stimulate business and commercial activity within the Town, will develop and diversify
the economy of the state by eliminating unemployment or underemployment, will
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develop and expand commerce in the Town and the state, will increase ad valorem tax
values and sales tax revenues, will create new temporary and permanent jobs, and will
give the Town an economic advantage over other nearby cities and towns competing for
the same economic development opportunities. Based on such determinations and in
consideration for Company’s performance of their obligations under this Agreement, the
governing body of the Town hereby creates an “Economic Development Program”
pursuant to the authority of Chapter 380. The purpose of the Economic Development
Program hereby created is to authorize the economic development grants described
herein.
Section 3.2. 380 Rollback Revenues
To implement the Economic Development Program, the Town hereby agrees during the
term of this Agreement to deposit the 380 Rollback Revenues into the Project Fund.
Section 3.3. 380 Construction Sales Office Revenues
(a) The Company may, to the extent allowed by law, establish an office or other
facility within the Town but outside the TIRZ at which materials, goods, and other Taxable Items
for the construction of Private Improvements shall be purchased by the Contractors and the
Retailers (the "Construction Sales Office"). To implement the Economic Development Program,
the Town hereby agrees during the term of this Agreement and subject to the conditions set forth
in this Section, to deposit the 380 Construction Sales Office Revenues into the Project Fund.
The obligation to deposit 380 Construction Sales Office Revenues shall terminate without notice
thereof: (1) in the event the Construction Sales Office is not established within 365 days after the
Effective Date; (2) the date the Construction Sales Office ceases to collect Sales and Use Tax: or
(3) the date the Comptroller determines that the Construction Sales Office is not a place of
business for the purpose of Sales and Use Taxes being sourced to the Town. To further
implement the Economic Development Program, the Town will use all reasonable efforts to
obtain an exemption from Sales and Uses Taxes with respect to all Taxable Items related to the
construction of the Public Improvements.
(b) In the event Company establishes the Construction Sales Office, the Company
shall be responsible for providing a Sales Tax Certificate, which provides information regarding
the amount of Sales and Use Tax (including any refunds, credits or adjustments) paid based on
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the sale of Taxable Items Consummated at the Construction Sales Office and, in turn, remitted
by the Comptroller to the Town. The obligation of the Town to deposit the 380 Construction
Sales Office Revenues into the Project Fund shall be conditioned upon the compliance and
satisfaction by Company of the terms and conditions of this Agreement and each of the
conditions set forth below:
(i) Sales Tax Certificate. The Town shall have received a Sales Tax Area
Report from the Comptroller and a Sales Tax Certificate from the Company for the
applicable Sales Tax Reporting Period.
(ii) Beginning ninety (90) days following the end of each Sales Tax Reporting
Period that this Agreement is in effect, the Company shall provide the Town with a
Sales Tax Certificate for the applicable Sales Tax Reporting Period. The Town shall
have no duty to calculate the Sales Tax Receipts for deposit into the Project Fund
during the term of this Agreement until such time as Company has provided the Town a
Sales Tax Certificate for the applicable Sales Tax Reporting Period. The Town may,
but is not required to, provide Company with a form for the Sales Tax Certificate
required herein. At the request of the Town, Company shall provide such additional
documentation as may be reasonably requested by the Town to evidence, support and
establish the Sales Tax Receipts (including Sales and Use Tax paid directly to the
Comptroller pursuant to a direct payment permit) received by the Town from the
Comptroller for the sale of Taxable Items Consummated at the Construction Sales
Office. The Sales Tax Certificate shall at a minimum contain, include or be
accompanied by the following: (1) a schedule detailing the amount of total sales and the
amount of Sales and Use Tax collected and paid to the Comptroller as a result of the
sale of Taxable Items by Retailers Consummated at the Construction Sales Office for
the applicable Sales Tax Reporting Period; (2) a schedule detailing the amount of total
purchases and the amount of Sales and Use Tax paid directly or through vendors to the
Comptroller as a result of the purchase of Taxable Items by the Retailers Consummated
at the Construction Sales Office for the applicable Sales Tax Reporting; (3) a copy of
all sales and use tax returns and reports, sales and use tax prepayment returns, direct
payment permits and reports, including amended sales and use tax returns or reports,
filed by the Retailers for the applicable Sales Tax Reporting Period showing the Sales
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Tax Receipts, which returns and reports may be redacted to remove information not
relevant to the determination of the Sales Tax Receipts; (4) a copy of all direct payment
and self-assessment returns, including amended returns, filed by the Retailers for the
applicable Sales Tax Reporting Period showing the Sales Tax Receipts, which returns
and reports may be redacted to remove information not relevant to the determination of
the Sales Tax Receipts; (5) documentation adequate to substantiate the amount of any
Sales Tax Receipts that are not included in a Sales Tax Area Report or in a Sales and
Use Tax return or report filed by the Retailers; and (6) any documentation required by
other provisions of this Agreement.
Section 3.4. Impact Fees
To implement the Economic Development Program, the Town shall during the term of
this Agreement dedicate the Impact Fee Revenues to pay for Public Improvements that are
included in the Town's Capital Improvements Plan established pursuant to Chapter 395, plus
related Interest. The Impact Fee Revenues shall be collected and deposited into a segregated
account of the Project Fund. The Impact Fee Revenues shall be paid to the Company to
reimburse Company for Construction Costs for Public Improvements, plus Interest in accordance
with process set forth in Article V of this Agreement. The Impact Fee Revenues paid to the
Company under this section shall be credited against or reduce on a dollar for dollar basis the
Maximum Construction Payment and Interest. Any funds remaining in the account upon
expiration or termination of this Agreement shall be deposited into the appropriate impact fee
fund of the Town. The Waste Water Impact Fees assessed and collected in the Impact Fee
Additional Territory shall cease to be deposited into the Project Fund once the construction costs
for waste water Line A and C have been reimbursed as depicted in Exhibit 2. The Waste Water
Impact Fees assessed and collected from the Impact Fee Additional Territory shall then be
deposited into the appropriate impact fee fund for the Town.
Section 3.5. Conveyance of Municipal Site and Water Tower Site.
Company has previously conveyed to the Town a water tower site. Within six (6) months
of the Effective Date, the Town and Company shall designate the Municipal Site and within
thirty (30) days after such designation, the Company shall cause, without costs to the Town, the
conveyance of the Municipal Site. In consideration of the conveyance of the Municipal Site and
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the site for a water tower, the Town shall provide a credit of the Municipal Site and water tower
site against the park dedication requirement for the Development not to exceed 27 acres.
Section 3.6. PEDC Contribution to Project Fund
The PEDC agrees during the term of this Agreement to pay to the Town for deposit into
the Project Fund an amount equal to sixty-seven percent (67%) of the sales and use tax imposed
pursuant to Chapter 501, Texas Local Government Code on behalf of the PEDC, on the sale of
Taxable Items Consummated within the TIRZ for the payment of the Construction Costs of
Public Improvements that meet the definition of Infrastructure. Such funds deposited into the
Project Fund shall be used solely to pay for, or reimburse Company through the Reimbursement
Payments for, the Construction Costs of the Public Improvements that meet the definition of
Infrastructure, plus related Interest as set forth herein. The Town, by and through its Town
Manager, or designee, shall have the authority to administer this Agreement on behalf of the
PEDC.
Section 3.7 TIRZ Boundary Adjustment
Town shall endeavor to consider and adopt an ordinance to amend the boundaries of the
TIRZ to exclude the real property described in Exhibit 4 (the “TIRZ Boundary Adjustment
Area”) within nine (9) months after the Effective Date.
Section 3.8 Pre-Development TIRZ Projects
Town and Company entered into that certain Letter Agreement dated March 26, 2013
(the “LA”) and that certain Memorandum of Understanding dated April 1, 2013 (the “MOU”).
The Town agrees that the costs incurred for the Median Openings as defined in the LA and the
Town’s Reimbursement/ Credit Obligations as defined in the MOU are TIRZ projects that are to
be paid from the Project Fund.
ARTICLE IV
IMPROVEMENTS
Section 4.1. Construction of Private Improvements
(a) In order to obtain the economic development grant provided in Section 3.1 above,
the Company agrees at no cost to Town or the PEDC to cause the design and construction of the
Private Improvements by Company, or others described in Section 4.1(b) below. The Company
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shall cause the construction of the Private Improvements in conformance with the Regulatory
Requirements and the Zoning Ordinance. The Town may require the Company to submit a
preliminary development plan for each phase of the Development. The Company has the right to
accelerate the Commencement of Construction of Private Improvements. Whenever possible,
contracts for the construction of Private Improvements shall be "separated contracts" that divide
the contract price into a stated agreed amount for incorporated materials and a separately agreed
amount for skill and labor.
(b) Construction by Company.
(i) Phase 1 Private Improvements. The Company agrees, subject to events of
Force Majeure, to: (1) cause Commencement of Construction of at least 300,000 square
feet of Net Leasable Space of taxable non-residential Private Improvements and
associated parking within four years after the Effective Date; and (2) to cause
Completion of Construction thereof within five years after the Effective Date. The
Taxable Value of the Phase 1 Private Improvements added to the Land as of the first
January 1st to occur after the Completion of Construction of the Phase 1 Private
Improvements shall equal or exceed $26,000,000.00.
(ii) Phase 2 Private Improvements. The Company agrees, subject to events of
Force Majeure, to: (1) cause Commencement of Construction of at least an additional
300,000 square feet of Net Leasable Space of taxable non-residential Private
Improvements and associated parking within seven years after the Effective Date; and
(2) to cause Completion of Construction thereof within eight years after the Effective
Date. The Taxable Value of the Phase 2 Private Improvements added to the Land as of
the first January 1st to occur after the Completion of Construction of the Phase 2 Private
Improvements shall equal or exceed $29,000,000.00.
(iii) Phase 3 Private Improvements. The Company agrees, subject to events of
Force Majeure, to: (1) cause Commencement of Construction of at least an additional
300,000 square feet of Net Leasable Space of taxable non-residential Private
Improvements and associated parking within 10 years after the Effective Date; and (2)
to cause Completion of Construction thereof within 11 years after the Effective Date.
The Taxable Value of the Phase 3 Private Improvements added to the Land as of the
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first January 1st to occur after the Completion of Construction of the Phase 3 Private
Improvements shall equal or exceed $29,000,000.00.
Section 4.2. Construction of Public Improvements
(a) The Company agrees, subject to events of Force Majeure, to cause
Commencement of Construction of the sewer line described in Exhibit 2 within four years after
the Effective Date and to cause Completion of Construction thereof within five years after the
Effective Date.
(b) Unless otherwise approved in writing by the Town, all Public Improvements shall
be constructed and dedicated to the Town in accordance with the Regulatory Requirements,
including the provision of payment and performance bonds customarily required by the Town.
Except as provided in this Section 4.2, the Public Improvements shall be constructed in phases as
determined by the Company to be necessary to support and provide the public infrastructure
necessary for the Company’s construction of Private Improvements.
(c) Prior to or concurrently with the Commencement of Construction of any Public
Improvements, Company shall dedicate or convey and cause the Additional Landowners to
dedicate or convey right-of-way and site easements by conveyance plat and off-site easements by
separate instrument, without cost to the Town and in accordance with the Regulatory
Requirements, the rights-of-way and easements on and across the Land that are needed for the
construction, operation, and maintenance of the Public Improvements.
(d) The following requirements apply to Construction Agreements:
(i) The Company shall use reasonable efforts to solicit bids from at least three
contractors;
(ii) The Company shall provide the Town with true and correct copies of bids
within five business days after Company’s receipt of same;
(iii) Plans and specifications shall comply with all Regulatory Requirements;
(iv) The Town shall approve the form of all Construction Agreements;
(v) The Town engineer shall review all final bids for each Construction
Agreement;
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(vi) The Company and the Town shall mutually agree on the lowest
responsible bidder prior to Company’s award of each Construction Agreement;
(vii) The Town shall approve all change orders to Construction Agreements;
(viii) The Company shall provide to the Town fully executed copies of all
Construction Agreements, including amendments, supplements, and change orders
thereto;
(ix) Each Construction Agreement shall provide that the Contractor is an
independent contractor, independent of and not the agent of the Town or the PEDC and
that the Contractor is responsible for retaining, and shall retain, the services of
necessary and appropriate architects and engineers; and
(x) Each Construction Agreement shall provide that if any provision is in
conflict with this Agreement, this Agreement shall control to the extent of the conflict.
(xi) Each Construction Agreement shall provide that the Contractor shall
indemnify the Town, the PEDC and Company for the negligent acts or omissions of the
Contractor.
(e) Each Construction Agreement shall require the Contractor and its subcontractors
to carry the following types of insurance:
(i) Commercial general liability insurance insuring the Town and the PEDC
the Contractor, and Company against liability for injury to or death of a person or
persons and for damage to property occasioned by or arising out of the activities of
Company, the Contractor, the Town, and/or the PEDC and their respective officers,
directors, agents, contractors, or employees, in the amount of $1,000,000 Per
Occurrence, $2,000,000 General Aggregate Bodily Injury and Property Damage. The
Contractor may procure and maintain a Master or Controlled Insurance policy to satisfy
the requirements of this section, which may cover other property or locations of the
Contractor and its affiliates, so long as the coverage required in this section is separate;
(ii) Worker’s Compensation insurance as required by law;
(iii) Builder’s Risk insurance in the amount of the construction values;
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(iv) $10,000,000 Umbrella/Excess insurance;
(v) Automobile insurance covering all operations of the Contractor pursuant
to the Construction Agreement involving the use of motor vehicles, including all
owned, non owned and hired vehicles with minimum limits of not less than One
Million Dollars ($1,000,000) combined single limit for bodily injury, death and
property damage liability.
(f) Each Construction Agreement shall include the following with respect to
insurance coverage required by this Agreement:
(i) To the extent available, each policy shall be endorsed to provide that the
insurer waives all rights of subrogation against the Town and the PEDC;
(ii) Each policy of insurance with the exception of Worker’s Compensation
and professional liability shall be endorsed to include the Town (including its former,
current, and future officers, directors, agents, and employees) and the PEDC(including
its former, current, and future officers, directors, agents, and employees) as additional
insureds;
(iii) Policies shall be procured from financially sound and reputable insurers
licensed to do business in the State of Texas and having an A.M. Best rating of not less
than A-8 or, if not rated with A.M. Best, the equivalent of A.M. Best’s surplus size of
A-8 (or otherwise approved by the Town Manager pursuant to applicable Town
ordinances);
(iv) Each policy, with the exception of Worker’s Compensation and
professional liability, shall be endorsed to provide the Town and the PEDC thirty (30)
days’ written notice prior to any cancellation, termination or material change of
coverage; and
(v) The Contractor shall deliver to the Town and the PEDC the policies,
copies of policy endorsements, and/or certificates of insurance evidencing the required
insurance coverage before the Commencement of Construction and within 10 days
before expiration of coverage, or as soon as practicable, deliver renewal policies or
certificates of insurance evidencing renewal and payment of premium. On every date
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of renewal of the required insurance policies, the Contractor shall cause a Certificate of
Insurance and policy endorsements to be issued evidencing the required insurance
herein and delivered to the Town and the PEDC. In addition the Contractor shall
within ten (10) business days after written request provide the Town and the PEDC
with the Certificates of Insurance and policy endorsements for the insurance required
herein (which request may include copies of such policies). The delivery of the
Certificates of Insurance and the policy endorsements (including copies of such
insurance policies) to the Town and the PEDC is a condition precedent to the payment
of any amounts due to Contractor. The failure to provide valid Certificates of Insurance
and policy endorsements shall be deemed a default and/or breach of the Construction
Agreement.
(g) The Company shall acquire all off-site (outside of the Land) right-of-way and
easements necessary for the Public Improvements. The cost of acquisition for any off-site right-
of-way and easements for the Public Improvements shall be paid or reimbursed from the Project
Fund. Unless otherwise prohibited by applicable law, the Town agrees to exercise its power of
eminent domain to acquire such rights-of-way and easements for Public Improvements within a
reasonable time when Company is unable to acquire them after the exercise of commercially
reasonable efforts, provided Company enters into separate agreements with the Town pursuant to
which Company pays or advances all costs of such eminent domain proceedings including but
not limited to the Town’s legal fees, survey fees, appraisal fees, consulting fees, relocation costs,
expert fees, and compensation for the taking and any damages, and including reasonable
amounts to compensate the Town for work performed by Town staff which shall be reimbursed
from the Project Fund.
Section 4.3. Design and Construction of Projects
(a) Prior to construction, Company shall make, or cause to be made, application for
any necessary permits and approvals required by the Town and any applicable governmental
authorities to be issued for the construction of the Development Projects. The Company shall
require the design, inspection and supervision of the construction of the Development Projects to
be undertaken in accordance with Town standards and regulations.
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(b) Prior to Commencement of Construction of the Development Projects, Company
shall submit, or cause to be submitted, plans and specifications for approval by the Town.
(c) Upon Completion of Construction of any portion of the Public Improvements,
Company shall provide the Town with a final cost summary of all costs incurred and paid
associated with the construction of that portion of the Public Improvements, and provide proof
that all amounts owing to Contractors and subcontractors have been paid in full evidenced by the
customary affidavits executed by Company and/or its Contractors with regard to that portion of
the Public Improvements.
(d) The Company agrees to cause the Contractors and subcontractors which construct
the Public Improvements to provide payment bonds and performance bonds for the construction
of the Public Improvements to ensure completion of thereof in the same manner as contracts that
are subject to Chapter 2253, Texas Government Code, in forms reasonably satisfactory to the
Town Manager.
Section 4.4. Liens, Encumbrances, and Charges
The Company shall not create nor allow or permit any liens, encumbrances, or charges of
any kind whatsoever against the Public Improvements arising from any work performed by any
Contractor by or on behalf of Company.
Section 4.5. Company’s Right to Mortgage
Notwithstanding any other provisions of this Agreement, Company shall at all times have
the right to encumber, pledge, grant, or convey its right, title and interest in and to this
Agreement, any portion of the Land, and/or any Development Project, or any portion thereof, by
way of a deed of trust or other mortgage instrument to secure the payment of any loan or loans
obtained by Company (including any loan obtained from the United States Department of
Agriculture or other federal agency). The terms and conditions of such an encumbrance, pledge,
grant, or conveyance that applies to the Public Improvements shall be subject to the approval of
the governing body of the Town and the board of directors of the PEDC. Any encumbrance,
pledge, grant, or conveyance authorized by this section shall be subject and subordinate to liens
for taxes, assessments, and other charges duly levied, assessed, or imposed by political
subdivisions or taxing jurisdictions as provided by state law or pursuant to this Agreement.
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Section 4.6. Maintenance of Common Areas
Prior to the issuance of the first certificate of occupancy for any Private Improvements,
Company shall provide for the maintenance, repair, and capital replacement of common areas of
the Private Improvements through one or more of the following: (1) the creation of one or more
public improvement districts pursuant to Chapter 372, Texas Local Government Code, as
amended, to perform such functions, if the Town approves such following the filing of a petition
with the Town requesting the creation of one or more public improvement districts to perform
such functions; (2) the creation of one or more property owners association, including recorded
covenants, restrictions, and conditions, to perform such functions; or (3) the establishment of any
other mechanism approved by the Town Manager pursuant to applicable Town ordinances to
perform such functions.
Section 4.7. Regulatory Requirements Control
Notwithstanding any provision of this Agreement to the contrary, in the event of any
conflict or inconsistency between this Agreement and the applicable Regulatory Requirements of
the Town with respect to the design or construction of Public Improvements or with respect to
the design, construction, occupancy, or use of any Private Improvements, the provisions of the
Town’s Regulatory Requirements shall control.
ARTICLE V
PAYMENT OF CONSTRUCTION COSTS
Section 5.1. Private Improvements
The Company shall pay one hundred percent (100%) of the Construction Costs of the
Private Improvements without payment or reimbursement from the Town from the Project Fund
or any other source of funds from the Town or the PEDC.
Section 5.2. Public Improvements
(a) Reimbursement Payments. (a) Subject to the continued satisfaction of all of the
terms and conditions of this Agreement, the Town agrees to reimburse Company for the
Construction Costs for Public Improvements, plus Interest, solely from the Project Fund pursuant
to Town approved Construction Agreements from Reimbursement Payments as set forth herein.
The Town shall, pursuant to the Reimbursement Payments, reimburse the Company for approved
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Construction Costs for the Public Improvements up to the Maximum Construction Payment, plus
Interest subject to the maximum combined payment set forth in Article II hereof. Upon
Completion of Construction of a Public Improvement, the reimbursement for that Public
Improvement shall have priority over later completed Public Improvements. Reimbursement
Payments shall first be applied to Interest and then to the Construction Costs of the Public
Improvement. Any payments to Company from the Project Fund shall reduce the Maximum
Construction Payment and Interest on a dollar for dollar basis.
(b) The Town shall make Reimbursement Payments to the Company for completed
Public Improvements on an annual basis within sixty (60) days after receipt of a Payment
Request following June 1 of each calendar year (the “Annual Payment Date”) beginning with
June 1 of the calendar year following the Commencement Date.
(c) The amount of each annual Reimbursement Payment shall be the lesser of: (i) the
amount of the Construction Costs for Public Improvements, plus Interest, then eligible for
payment that have not been paid to Company; and (ii) the amount of the balance of the Project
Fund after giving effect to the Tax Increment Fund Priorities set forth below. If there are
insufficient funds for an annual Reimbursement Payment, the un-reimbursed Construction Costs
for Public Improvements are carried forward, with the accrual of Interest, to succeeding Annual
Payment Dates until reimbursement has been made in full or termination of this Agreement,
whichever occurs first.
(d) The Parties agree that the Reimbursement Payments shall be reimbursed solely
from funds from the Project Fund, and only to the extent that such funds are available, giving
effect to the Tax Increment Fund Priorities set forth below. The Company acknowledges and
agrees that the Town is only obligated to reimburse the Company for Construction Costs for
Public Improvements, plus Interest, to the extent that there are available funds in the Project
Fund giving effect to Tax Increment Fund Priorities during the term of this Agreement. The
obligation of the Town to pay the Company Construction Costs for Public Improvements, plus
Interest, is limited to the funds deposited in or comprising the Project Fund during the term of
this Agreement.
(e) The Company agrees to look solely to funds in the Project Fund, not the Town
general or other funds except as otherwise provided in this Agreement, for payment of the
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Reimbursement Payments. Nothing in this Agreement shall be construed to obligate the Town
and/or the PEDC to provide Reimbursement Payments from any other source of funds or to
otherwise require the Town and/or the PEDC to pay the Company for Construction Costs for
Public Improvements plus Interest in the event there are insufficient funds in the Project Fund to
pay Construction Costs for Public Improvements, plus Interest, or in the event the TIRZ
terminates prior to payment in full of the Construction Costs for Public Improvements, plus
Interest; provided the Town shall not adopt an ordinance providing for termination of TIRZ on a
date earlier than provided in the ordinance that designated the TIRZ unless this Agreement has
been terminated. Upon termination of this Agreement or the TIRZ, any Construction Costs for
Public Improvements, plus Interest, under this Agreement that remain un-reimbursed or that
remain unpaid, due to lack of availability of funds in the Project Fund, or due to the failure of
Company to satisfy any precondition of reimbursement under this Agreement, shall no longer be
considered obligations of the TIRZ or the Project Fund, and any obligation of the Town to
provide Reimbursement Payments to Company for Construction Costs for Public Improvements,
plus Interest, shall automatically expire and terminate on such date. It is the intention and
agreement of the Parties that the Construction Costs incurred by the Company for the Public
Improvements (not exceeding the Maximum Construction Payment), plus Interest, shall be paid
or reimbursed solely from funds in the Project Fund. In no event shall the Town and/or the
PEDC be liable for, or be responsible for, payment or reimbursement of any Construction Costs
for the Public Improvements, plus Interest, except from the Project Fund. The Company is
responsible for all Construction Costs for the Public Improvements, plus Interest, in the event
there are insufficient funds in the Project Fund to pay to, or reimburse, Company for the
Construction Costs for the Public Improvements, plus Interest, regardless of any approved
Construction Agreements.
If the scope of work performed under any Construction Agreement is increased as a result
of any change order that is not approved by the Town, the cost of the work covered by the
change order shall be borne solely by Company and not subject to a Reimbursement Payment
from funds in the Project Fund. If the scope of work performed under any Construction
Agreement is increased as a result of any change order that is approved by the Town Manager in
writing, pursuant to applicable Town ordinances, the cost of the work covered by the change
order shall be subject to a Reimbursement Payment from funds in the Project Fund.
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(f) Tax Increment Fund Priorities. TIRZ Revenues deposited in the Tax Increment
Fund shall be applied in the following order of priority:
(i) amounts pledged or required for payment of outstanding bonds or debt
issued by the Town for TIRZ projects;
(ii) reasonable administrative costs of the TIRZ;
(iii) maintain a Tax Increment Fund minimum balance of $25,000.00; and
(iv) Reimbursement Payments to the Company or Town for Construction
Costs paid or incurred for Public Improvements in the order in which the costs were
paid or incurred.
(g) Company acknowledges and agrees that the use of Tax Increment contributed by
the County and any other Taxing Unit shall be subject to any rules, regulations, restrictions, and
limitations set forth in the respective Participation Agreement. Company acknowledges that the
Town shall comply in all respects with the Collin County Policy for County Participation in Tax
Increment Financing Reinvestment Zones for use of Collin County Tax Increment for
reimbursement of eligible project costs.
(h) Current Revenue. The Reimbursement Payments to be provided herein shall be
paid solely from lawfully available funds in the Project Fund. Under no circumstances shall
obligations of the Town and the PEDC hereunder be deemed to create any debt within the
meaning of any constitutional or statutory provision.
(i) Tax Protest. In the event Company or any owner or lessee of any real property
and/or improvements within the TIRZ (“Protest Property”) timely and properly protests or
contests (including any motion to correct the appraisal roll) the Taxable Value and/or the
taxation of the Protest Property, or any portion thereof, with the applicable appraisal district (or
its successor) (“Tax Protest”) the obligation of the Town to provide the Reimbursement
Payments from the Tax Increment Fund with respect to such Protest Property or portion thereof,
for such tax year shall be abated with regard to the amount of ad valorem taxes that are in dispute
(based on the amount or portion of taxable value of the Protest Property in dispute) until a final
determination has been made of such Tax Protest. In the event of a Tax Protest the Town shall
send written notice to Company of the amount of ad valorem taxes that are in dispute (based on
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the amount or portion of taxable value of the Protest Property in dispute). However in the event
a Tax Protest results in a final determination that changes the appraised value and/or the Taxable
Value of the Protest Property or the amount of ad valorem taxes assessed and due for the Protest
Property, or portion thereof, after a Reimbursement Payment has been paid which includes Tax
Increment for such Protest Property for such tax year, the Tax Increment Fund will be adjusted
accordingly and the Reimbursement Payment with respect to such tax year shall be adjusted
(increased or decreased as the case may be) accordingly on the date of payment of the next
payment date for a Reimbursement Payment, or within thirty (30) business days after such
determination in the event no further Reimbursement Payments are due under the Agreement. In
the event there are no further Reimbursement Payments due under this Agreement and Tax
Increment with respect to such Protest Property is reduced, Company shall within thirty (30)
days after written demand from the Town, reimburse the Town for such over payment of any
such Reimbursement Payments.
(j) Refunds. If the Town determines that the amount by which such Reimbursement
Payment was less than the correct amount to which Company was entitled (together with such
records, reports and other information necessary to support such determination), the Town shall,
within thirty (30) days, pay the adjustment to Company.
(k) Third Party Ownership. No third party purchaser of any portion of the Land shall
be deemed an assignee under this Agreement or be entitled to receive any Reimbursement
Payments directly hereunder without the execution of an assignment by Company to such third
party, approved in writing by the Town Manager pursuant to applicable Town ordinances and the
PEDC. In the absence of any approved and executed assignment that provides otherwise,
Reimbursement Payments to Company shall be calculated based on Tax Increment received by
the Town from the entire Land regardless of property ownership. Nothing herein shall be
construed to limit the ability of Company to pledge or assign Company’s rights to
Reimbursement Payments following receipt thereof from the Town. The Town shall not be
required to provide or direct any Reimbursement Payments to any third party in the absence of
an assignment approved by the Town Manager and the PEDC.
(l) The Town’s obligation to pay each annual Reimbursement Payment shall be
conditioned upon the continued compliance with and satisfaction of each of the terms and
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conditions of this Agreement by Company and each of the conditions set forth below at the time
such annual Reimbursement Payment is due:
(i) Undocumented Workers. The Company has not been convicted of a
violation under 8 U.S.C. Section 1324a (f).
(ii) Payment Request. Company shall, as a condition precedent to its
eligibility to receive a Reimbursement Payment, have provided the Town with the
applicable Payment Request on or before June 1 of the calendar year, beginning with
June 1 of the calendar year following Commencement of Construction of the Public
Improvements.
(iii) Sales Tax Certificate. The Town shall have received a Sales Tax Area
Report and/or Sales Tax Certificate for the applicable Sales Tax Reporting Period.
(m) Excess Costs. If the Construction Costs of the Public Improvements exceed the
Maximum Construction Payment, the excess shall be paid solely by Company, and the Town and
the PEDC shall have no obligation to pay such excess.
(n) Alternate Town Funding of Public Improvements. Notwithstanding anything to
the contrary contained in this Agreement, the Town reserves the right to fund all or any portion
of the Construction Costs for the Public Improvements that are required for Private
Improvements from other funding sources. The Construction Costs paid or incurred by the
Town to construct Public Improvements shall reduce (on a dollar-for-dollar basis) the Maximum
Construction Payment.
(o) Town Construction of Public Improvements. Notwithstanding anything to the
contrary contained in this Agreement, the Town reserves the right, to construct all or any portion
of the Public Improvements that are required for Private Improvements that would otherwise be
constructed by the Company and to be paid or reimbursed for the Construction Costs for such
from the funds in the Project Fund, so long as the construction schedule does not result in an
unreasonable delay to the Company’s construction of the Private Improvements. If the Town
elects to construct any such Public Improvements, written notice of the election shall be given to
the Company. The written notice shall identify the Public Improvements to be constructed and
the estimated commencement and completion dates. The Company shall have 30 days after
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receipt of the written notice from the Town within which to provide written notice to the Town
that the Company agrees to cause the construction of such Public Improvements consistent with
the Town proposed construction schedule (the “Notice of Acceptance”). The failure of the
Company to timely deliver Notice of Acceptance shall constitute the consent of the Company to
the Town’s construction of such Public Improvements. The Construction Costs paid or incurred
by the Town to construct such Public Improvements will be paid or reimbursed to the Town from
the funds in the Project Fund, based on the order in which such costs or expenses were paid or
incurred relative to Construction Costs paid or incurred by the Company. The Construction
Costs paid or incurred by the Town to construct Public Improvements shall reduce (on a dollar-
for-dollar basis) the Maximum Construction Payment for the Public Improvements that
otherwise that may be payable or reimbursable to Company.
Section 5.3. Sales and Use Tax Information
(a) The Town intends to seek and enter into an agreement with the Comptroller
(pursuant to the provisions of Section 311.0123 of the TIRZ Act) with respect to the computation
and collection of Sales and Use Tax within the TIRZ.
(b) The Company shall require its tenants, land purchasers, and transferees of
property within the Land and the Retailers to cooperate with the Town to calculate and collect,
and provide information with respect to, Sales and Use Tax within the TIRZ, and for the
Construction Sales Office. The Company shall cause Retailers to provide the Town a copy of
the sales tax permit each Retailer receives from the Comptroller legibly showing the sales tax
number/tax identification number of the Retailer, and the location number. The Parties agree
that such information should allow the Town to obtain from the Comptroller’s office an area
report that identifies Sales and Use Tax information within the TIRZ. The Town agrees, to the
extent allowed by law, to maintain the confidentiality of all such information provided by
Retailers. In the event the Town is unable to obtain an area report from the Comptroller’s office,
Company shall cause a Sales Tax Certificate to be provided by the Retailers to the Town on an
annual basis or other basis as reasonably required by the Town.
(c) The Town and PEDC hereby designate this Agreement as Revenue Sharing
Agreement thereby entitling the Town to request Sales and Use Tax information from the
Comptroller pursuant to Section 321.3022, Texas Tax Code, as amended.
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(d) The Town agrees to develop and institute appropriate accounting and auditing
programs and practices that will assure and permit verifications of all Sales Tax Receipts
deposits into the Tax Increment Fund and into any other fund created pursuant to this
Agreement. The Town shall provide to Company a periodic (but not less frequently than
quarterly) written accounting of all such deposits. If the Company or such persons or entities fail
to object to any periodic accounting within 60 days, the accounting shall be final.
ARTICLE VI
INDEMNIFICATION
THE TOWN AND THE PEDC SHALL NOT BE LIABLE FOR ANY LOSS,
DAMAGE, OR INJURY OF ANY KIND OR CHARACTER TO ANY PERSON OR
PROPERTY ARISING FROM THE ACTS OR OMISSIONS OF THE COMPANY
PURSUANT TO THIS AGREEMENT. THE COMPANY HEREBY WAIVES ALL
CLAIMS AGAINST THE TOWN, AND THE PEDC, THEIR RESPECTIVE OFFICERS,
DIRECTORS, AGENTS AND EMPLOYEES (COLLECTIVELY REFERRED TO IN
THIS ARTICLE AS “THE TOWN”) FOR DAMAGE TO ANY PROPERTY OR INJURY
TO, OR DEATH OF, ANY PERSON ARISING AT ANY TIME AND FROM ANY
CAUSE OTHER THAN, AND TO THE EXTENT OF, THE NEGLIGENCE OR
WILLFUL MISCONDUCT OF THE TOWN, OR THE TOWN’S BREACH OF ANY OF
THE TERMS AND CONDITIONS OF THIS AGREEMENT. THE COMPANY HEREBY
INDEMNIFIES AND SAVES HARMLESS THE TOWN FROM AND AGAINST ANY
AND ALL LIABILITIES, DAMAGES, CLAIMS, SUITS, COSTS (INCLUDING COURT
COSTS, ATTORNEYS’ FEES AND COSTS OF INVESTIGATION) AND ACTIONS OF
ANY KIND BY REASON OF INJURY TO OR DEATH OF ANY PERSON OR DAMAGE
TO OR LOSS OF PROPERTY ARISING FROM SUCH COMPANY’S BREACH OF
ANY OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, OR BY REASON
OF ANY ACT OR OMISSION ON THE PART OF COMPANY, ITS OFFICERS,
DIRECTORS, CONTRACTORS OR EMPLOYEES IN THE PERFORMANCE OF THIS
AGREEMENT (EXCEPT WHEN, AND TO THE EXTENT THAT, SUCH LIABILITY,
CLAIMS, SUITS, COSTS, INJURIES, DEATHS OR DAMAGES ARISE FROM OR ARE
ATTRIBUTED TO THE NEGLIGENCE OR WILLFUL MISCONDUCT OF THE
TOWN OR THE TOWN’S BREACH OF ANY OF THE TERMS AND CONDITIONS OF
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THIS AGREEMENT). IN THE EVENT OF JOINT OR CONCURRENT NEGLIGENCE
OF BOTH THE TOWN AND THE COMPANY, THE RESPONSIBILITY, IF ANY,
SHALL BE APPORTIONED COMPARATIVELY IN ACCORDANCE WITH THE
LAWS OF THE STATE OF TEXAS, AND THE COMPANY’S INDEMNIFICATION
OBLIGATION SHALL BE REDUCED ACCORDINGLY, WITHOUT, HOWEVER,
WAIVING ANY GOVERNMENTAL IMMUNITY AVAILABLE TO THE TOWN AND
WITHOUT WAIVING ANY DEFENSES OF THE PARTIES UNDER TEXAS LAW. IF
ANY ACTION OR PROCEEDING SHALL BE BROUGHT BY OR AGAINST THE
TOWN IN CONNECTION WITH ANY SUCH LIABILITY OR CLAIM, THE
COMPANY SHALL BE REQUIRED, ON NOTICE FROM THE TOWN, TO DEFEND
SUCH ACTION OR PROCEEDINGS AT THE COMPANY’S EXPENSE, BY OR
THROUGH ATTORNEYS REASONABLY SATISFACTORY TO THE TOWN AND
SHALL FULLY INDEMNIFY THE TOWN AGAINST ALL COSTS RESULTING
THEREFROM. THE PROVISIONS OF THIS SECTION ARE SOLELY FOR THE
BENEFIT OF THE PARTIES HERETO AND NOT INTENDED TO CREATE OR
GRANT ANY RIGHTS, CONTRACTUAL OR OTHERWISE, TO ANY OTHER
PERSON OR ENTITY.
THE COMPANY FURTHER AGREES TO DEFEND, INDEMNIFY AND HOLD
THE TOWN HARMLESS FROM AND AGAINST ANY AND ALL REASONABLE
LIABILITIES, DAMAGES, CLAIMS, LAWSUITS, JUDGMENTS, ATTORNEY FEES,
COSTS, EXPENSES, AND CLAIMS OR DEMANDS BY THE STATE OF TEXAS THAT
THE TOWN HAS BEEN ERRONEOUSLY OR OVER-PAID OR INCORRECTLY
ALLOCATED SALES AND USE TAX ATTRIBUTED TO THE SALE OF TAXABLE
ITEMS BY THE RETAILERS AT THE CONSTRUCTION SALES OFFICE FOR ANY
PERIOD DURING THE TERM OF THIS AGREEMENT OR DURING ANY
REPORTING PERIOD INCLUDING THE INTIAL REPORTING PERIOD OR AS THE
RESULT OF THE FAILURE OF THE COMPANY TO MAINTAIN A PLACE OF
BUSINESS AT THE CONSTRUCTION SALES OFFICE, OR AS A RESULT OF ANY
ACT OR OMISSION OR BREACH OR NON-PERFORMANCE BY COMPANY UNDER
THIS SECTION EXCEPT THAT THE INDEMNITY PROVIDED HEREIN SHALL NOT
APPLY TO ANY LIABILITY RESULTING FROM THE ACTIONS OR OMISSIONS OF
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THE TOWN. THE PROVISIONS OF THIS SECTION ARE SOLELY FOR THE
BENEFIT OF THE PARTIES HERETO AND NOT INTENDED TO CREATE OR
GRANT ANY RIGHTS, CONTRACTUAL OR OTHERWISE, TO ANY OTHER
PERSON OR ENTITY. IT BEING THE INTENTION OF THE PARTIES THAT THE
COMPANY SHALL BE RESPONSIBLE FOR THE REPAYMENT OF ANY SALES TAX
RECEIPTS FROM THE CONSTRUCTION SALES OFFICE DEPOSITED INTO THE
TAX INCREMENT FUND AND PAID TO THE COMPANY THROUGH
REIMBURSEMENT PAYMENTS HEREIN COMPUTED WITH RESPECT TO SALES
AND USE TAX RECEIPTS THAT THE STATE OF TEXAS HAS DETERMINED WAS
ERRONEOUSLY PAID, DISTRIBUTED, OR ALLOCATED TO THE TOWN. THE
COMPANY SHALL NOT BE RESPONSIBLE FOR THE PAYMENT OR REPAYMENT
TO THE TOWN OF ANY SALES TAX RECEIPTS THAT THE TOWN IS REQUIRED
TO REPAY TO THE STATE OF TEXAS IN EXCESS OF ANY CONSTRUCTION
SALES OFFICE REVENUE AMOUNTS RECEIVED BY THE COMPANY
ATTRIBUTABLE TO SALES TAX RECEIPTS THAT THE STATE OF TEXAS
DETERMINES WERE ERRONEOUSLY PAID, DISTRIBUTED, OR ALLOCATED TO
THE TOWN. PROVISIONS OF THIS SECTION SHALL SURVIVE TERMINATION OF
THIS AGREEMENT.
ARTICLE VII
REPRESENTATIONS
Section 7.1. Representations of Company
In order to induce the Town and the PEDC to enter into this Agreement, Company
represents and warrants as follows:
(a) Company is a duly organized and validly existing limited partnership under the
laws of the State of Texas and has the power and authority to own the Private Improvements and
other assets and to transact the business in which it is now engaged or proposed to engage.
(b) Company has the power and authority to execute, deliver and carry out the terms
and provisions of this Agreement and all other instruments to be executed and delivered by
Company in connection with its obligations hereunder. The execution, delivery, and
performance by Company of this Agreement have been duly authorized by all requisite action by
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Company, and this Agreement is a valid and binding obligation of Company enforceable in
accordance with its respective terms, except as may be affected by applicable bankruptcy or
insolvency laws affecting creditors’ rights generally.
(c) Company is not in default in the performance, observance or fulfillment of any of
the obligations, covenants or conditions contained in any evidence of indebtedness of Company
or contained in any instrument under or pursuant to which any such evidence of indebtedness has
been issued or made and delivered. Neither the execution and delivery of this Agreement, nor the
consummation of the transactions herein contemplated, will conflict with or result in a breach of
or default under (1) any terms, conditions or provisions of any agreement or instrument (A) to
which Company is now a party or is otherwise bound, or (B) to which any of its properties or
other assets is subject, (2) any order or decree of any court or governmental instrumentality, or
(3) any arbitration award, franchise, or permit.
(d) To its best knowledge, Company is not a party to or otherwise bound by any
agreement or instrument or subject to any other restriction or any judgment, order, writ,
injunction, decree, award, rule or regulation which could reasonably be expected to materially
and adversely affect Company’s ability to perform its obligations under this Agreement.
(e) Company fully intends, subject to the conditions set forth in this Agreement, to
commence and complete the Public Improvements and Private Improvements.
Section 7.2. Representations of the Town and the PEDC
In order to induce Company to enter into this Agreement, the Town and the PEDC
represent and warrant as follows:
(a) The Town is an incorporated municipality and political subdivision of the State of
Texas, duly organized and validly existing under the laws of the State of Texas. The PEDC is a
Texas non-profit corporation duly organized and validly existing under the laws of the State of
Texas
(b) The Town and the PEDC each have the power and authority to execute, deliver
and carry out the terms and provisions of this Agreement and all other instruments to be executed
and delivered by it in connection with their respective obligations hereunder. The execution,
delivery and performance by the Town and the PEDC of this Agreement have been duly
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authorized by all requisite action by the Town and the PEDC, and this Agreement is a valid and
binding obligation of the Town and the PEDC enforceable in accordance with its terms, except
as may be affected by applicable bankruptcy or insolvency laws affecting creditors’ rights
generally.
(c) Neither the execution and delivery of this Agreement, nor the consummation of
the transactions herein contemplated, will conflict with or result in a breach of or default under
(i) any terms, conditions or provisions of any agreement or instrument (A) to which the Town
and/or the PEDC is now a party or is otherwise bound, or (B) to which any of the Town’s and/or
the PEDC’s properties or other assets is subject, (ii) any order or decree of any court or
governmental instrumentality, or (iii) any law.
(d) To their respective best knowledge, the Town and/or the PEDC is not a party to or
otherwise bound by any agreement or instrument or subject to any other restriction or any
judgment, order, writ, injunction, decree, award, rule or regulation which could reasonably be
expected to materially and adversely affect the ability of the Town and/or the PEDC to perform
its obligations under this Agreement.
ARTICLE VIII
TERMINATION; REMEDIES
Section 8.1. Default; Remedies
(a) If a Party breaches any of the terms or conditions of this Agreement or if any
Impositions become delinquent or a Party suffers an event of Bankruptcy or Insolvency (after
notice of such delinquency and opportunity to cure), any non-defaulting Party may exercise any
remedies available at law or in equity, including, but not limited to, injunctive relief and specific
performance against the defaulting Party. Notwithstanding the foregoing, however: (1) no
defaulting Party shall be liable for consequential, special, or punitive damages; (2) no default by
Company shall affect the right of Company to receive payments or reimbursements of
Construction Costs plus Interest to which the Company is otherwise entitled under this
Agreement.
(b) The Parties find that this Agreement is entered into subject to and in accordance
with the provisions of Subchapter I of Chapter 271 of the Texas Local Government Code.
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(c) Cure. No Party shall be in default under this Agreement until notice of the
alleged failure of such Party to perform has been given to the non-performing Party and to any
lender(s) to the non-performing Party that has been identified to the Town, including notice
information for such lender(s), which notice shall set forth in reasonable detail the nature of the
alleged failure, and until such Party or its lender(s) has been given ninety (90) days to cure.
(d) Right of Offset. The Town and/or the PEDC may, at their respective option,
offset any amounts due and payable under this Agreement against any debt (including taxes)
lawfully due to the Town and/or the PEDC from the Company, regardless of whether the amount
due arises pursuant to the terms of this Agreement or otherwise and regardless of whether or not
the debt due the Town and/or the PEDC has been reduced to judgment by a court.
Section 8.2. Termination of Agreement for Failure to Construct Public and/or Private
Improvements
If the Company is in default (after notice and cure as provided in Section 8.1) of its obligations
under Sections 4.1 and 4.2 to cause the Commencement or Completion of Construction of the
Private Improvements and/or Public Improvements, the Town and/or the PEDC may terminate
this Agreement; however, such termination shall not affect the right of the Company to receive
payments or reimbursements for the costs of off-site rights-of-way and easements pursuant to
Section 4.2(g), and Construction Costs for Public Improvements plus Interest to which the
Company would otherwise be entitled under a Construction Agreement executed prior to the 15th
anniversary date of the Effective Date and prior to the date of termination unless such
Construction Agreement is in default. It being the intention of the Parties that in the event of
termination of this Agreement pursuant to this Section the annual Reimbursement Payments shall
continue until the earlier of: (i) the date that the costs of off-site rights-of-way and easements
pursuant to Section 4.2(g), and Construction Costs for Public Improvements plus Interest to
which the Company would otherwise be entitled under a Construction Agreement executed prior
to the 15th anniversary date of the Effective Date and prior to the date of such termination, have
been paid; (ii) the date of termination of the TIRZ; (iii) the date the Town has paid the Maximum
Construction Costs plus Interest; and (iv) the date the Town has paid Construction Costs plus
Interest totaling $93,079,000.00.
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ARTICLE IX
MISCELLANEOUS PROVISIONS
Section 9.1. Assignment
(a) This Agreement is binding upon and shall inure to the benefit of the Parties and
their respective successors and permitted assigns.
(b) The Company may assign this Agreement, in whole or in part, with the prior
written approval of the governing body of the Town and the Board of Directors of the PEDC
provided the assignee expressly assumes, in a written agreement approved by the governing body
of the Town and the Board of Directors of the PEDC, all of the obligations of the Company
under this Agreement that are related to the assignment. Such assignment shall not relieve the
Company of any liability hereunder unless expressly stated otherwise in the assignment
agreement.
Section 9.2. Entire Agreement
This Agreement incorporates all prior negotiations and discussions between the Parties
regarding the subject matter hereof and represents the entire agreement of the Parties relating to
the subject matter of this Agreement. This Agreement may only be modified by written
instrument executed by the Parties.
Section 9.3. Notices
(a) A notice, communication, or request required by or contemplated by this
Agreement shall be deemed to have been “given,” “delivered,” or “provided”: (i) five (5)
business days after being deposited in the United States mail, certified mail or registered mail,
postage prepaid, return receipt requested, or (ii) when delivered to the notice address by a
nationally recognized, overnight delivery service as evidenced by the signature of any person at
the notice address (whether or not such person is the named recipient for purposes of the notice),
or (iii) when otherwise hand delivered to the notice address as evidenced by the signature of any
person at the notice address (whether or not such person is the named recipient for purpose of the
notice) and addressed to the applicable parties as follows:
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If to Company and Additional Land Owners:
Jason Cohen
General Counsel
Blue Star Land L.P.
One Cowboys Parkway
Irving, Texas 75063
With a copy to:
George Mitchell
Sr. VP
Blue Star Land L.P.
8000 Warren Parkway
Frisco, Texas 75034
And to:
Joe Hickman
Blue Star Land L.P.
8000 Warren Parkway
Frisco, Texas 75034
And to:
Barry Knight
Winstead PC
500 Winstead Building
2728 N. Harwood Street
Dallas, Texas 75201
If to the Town:
Attn: Town Manager
Town of Prosper
P.O. Box 307
Prosper, Texas 75078
With a copy to:
Peter G. Smith
Nichols, Jackson, Dillard, Hager and Smith
500 North Akard
1800 Ross Tower
Dallas, Texas 75201
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If to the PEDC:
Attn: President
Prosper Economic Development Corporation
170 N. Preston Road, Suite 50
P.O. Box 1060
Prosper, Texas 75078-1060
972.346.3397 - telephone
With a copy to:
Peter G. Smith
Nichols, Jackson, Dillard, Hager and Smith
500 North Akard
1800 Ross Tower
Dallas, Texas 75201
(b) Any Party to this Agreement may at any time change the place of receiving notice
by at least 10 days’ written notice of such change of address to the other Parties in accordance
with the manner of giving notice described above.
Section 9.4. Partial Invalidity
If any term, covenant, condition, or provision of this Agreement, or the application to any
person or circumstance shall, at any time or to any extent be invalid or unenforceable, the
remainder of this Agreement, or the application of such term or provision to persons or
circumstances other than those as to which it is held invalid or unenforceable, shall not be
affected thereby (except to the extent such result is clearly unreasonable), and under such
circumstances each term, covenant, condition, and provision of this Agreement shall be valid and
enforced to the fullest extent permitted by law, insofar as such enforcement is not clearly
unreasonable, and there shall be substituted for such invalid or enforceable term, covenant,
conditions or provision, a provision as similar in terms and in effect to such deleted provision as
may be valid, legal and enforceable.
Section 9.5. Counterparts
This Agreement may be executed in counterparts, each of which shall be deemed to be an
original, and such counterparts shall constitute one and the same instrument.
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Section 9.6. No Partnership, Joint Venture or Joint and Several Liability
Nothing contained in this Agreement is intended or shall be construed in any manner or
under any circumstances whatsoever as creating or establishing the relationship of co-partners or
creating or establishing the relationship of a joint venture between the Parties or as constituting
Company as an agent or representative of the Town or the PEDC for any purpose or in any
manner under this Agreement, it being understood that Company is an independent contractor
hereunder.
Section 9.7. Representatives Not Individually Liable
The Parties agree that no member, official, representative, or employee of the Town or
the PEDC shall be personally liable to Company or any successor in interest in the event of any
default or breach by the Town or the PEDC for any amount which may become due to Company
or successor or for any obligations under the terms of the Agreement. No partner, member,
representative, or employee of Company or any of its members or any institutional lender
providing financing to Company shall be personally liable to the Town or the PEDC in the event
of any default or breach by the Company for any amount which may become due to the Town or
the PEDC or for any obligations under the terms of this Agreement.
Section 9.8. Compliance with Laws
The Company shall, at all times, be subject to all applicable laws pertinent to the
Development Projects, this Agreement, and Company’s actions in connection with the
Development Projects and this Agreement. Nothing in this Section or any other part of this
Agreement, however, shall be construed to limit or prevent Company from challenging at law or
in equity the applicability of any applicable law and/or pursuing their rights in furtherance
thereof through appropriate judicial proceedings, or to constitute a waiver of due process.
Notwithstanding anything to the contrary contained in this Agreement, no provision of this
Agreement shall be construed to require Company to comply with any applicable law during the
period that such Company may be pursuing a bona fide challenge of the applicability,
lawfulness, and/or enforceability of such applicable law (unless such law requires compliance
during any such challenge). If Company’s challenge is successful, the Company shall not be
required by the provisions of this Agreement to comply with such applicable law.
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Section 9.9. Venue
This Agreement shall be governed by the laws of the State of Texas. Venue for any
action concerning this Agreement shall be in the State District Court of Collin County, Texas.
The Parties agree to submit to the personal and subject matter jurisdiction of said Court.
Section 9.10. Survival of Covenants
The representations, warranties, covenants, and obligations of the Parties, as well as any
rights and benefits of the Parties, pertaining to a period of time following the termination of this
Agreement shall survive termination.
Section 9.11. Town Attorney Fees.
Company agrees to pay or cause to be paid to the Town any attorney fees charged to the
Town for legal review of this agreement in an amount not to exceed Ten Thousand Dollars
($10,000.00) representing the legal fees and expenses of the Town in negotiating and preparing
this Agreement within ten (10) days upon receipt of an invoice of same from the Town which
legal fees and expenses shall not be reimbursed to Company from TIRZ Revenues or the Project
Fund.
Section 9.12. Fees for Preparation of Project Plan and Financing Plan.
Company agrees to pay or cause to be paid to the Town any fees charged to the Town for
the preparation of the revised project plan and financing plan for the TIRZ in an amount not to
exceed Twenty Thousand Dollars ($20,000.00) within ten (10) days upon receipt of an invoice of
same from the Town which fees and expenses shall be reimbursed to the Company from TIRZ
Revenues.
Section 9.13. Recitals
The recitals to this Agreement are incorporated herein.
Section 9.14. Employment of Undocumented Workers
During the term of this Agreement Company agrees not to knowingly employ any
undocumented workers and if convicted of a violation under 8 U.S.C. Section 1324a (f),
Company shall repay the amount of the Reimbursement Payments and any other funds received
by Company from the Town as of the date of such violation within 120 days after the date
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Company is notified by the Town of such violation, plus interest at the rate of 6% compounded
annually from the date of violation until paid. The Company is not liable for a violation of this
section in relation to any workers employed by a subsidiary, affiliate, or franchisee of Company
or by a person with whom the Company contracts.
Section 9.15. Exhibits
The following exhibits are made part of this Agreement for all purposes:
Exhibit 1 Description of the Land
Exhibit 2 Description of Public Improvements
Exhibit 3 Impact Fee Additional Territory
Exhibit 4 TIRZ Boundary Adjustment Area
Section 9.16. Approvals and Actions.
All approvals and actions by the Company or Town or their authorized representatives as
provided for in this Agreement shall not be unreasonably withheld, conditioned or delayed.
Section 9.17. First Amended and Restated Agreement.
This Agreement amends and restates the Development and Financing Agreement dated
March 25, 2008, by and among the Town, Company and Additional Landowners ("Original
Agreement") and said Original Agreement is null and void and of no further effect.
(signatures on following pages)
Item 14
Page 44
TM 66862
EXECUTED this _____ day of _________, 2014.
ATTEST:
_________________________
Town Secretary
APPROVED AS TO FORM:
_________________________
Peter G. Smith
TOWN:
TOWN OF PROSPER, TEXAS
By:___________________________
Ray Smith, Mayor
EXECUTED this ___ day of ________ 2014.
PEDC
PROSPER ECONOMIC
DEVELOPMENT CORPORATION
By:_____________________________
Jim Wicker, President
APPROVED AS TO FORM:
By:
Peter G. Smith
EXECUTED this ___ day of ________ 2014.
COMPANY:
BLUE STAR LAND, LP,
a Texas limited partnership
By: Its General Partner
Blue Star Investments Inc.
By:_____________________________
Jerral W. Jones, President
Item 14
Page 45
TM 66862
EXECUTED on this _______ day of ______________________, 2014.
LANDOWNER:
183 LAND CORP.
a Texas limited partnership
By: _________________________________
Jerral W. Jones, President
EXECUTED on this _______ day of ______________________, 2014.
LANDOWNER:
BLUE STAR ALLEN LAND LP
a Texas limited partnership
By: Its General Partner
Blue Star Investments Inc.
By: _________________________________
Jerral W. Jones, President
Item 14
EXHIBIT 1
DESCRIPTION OF THE LAND
Page 46
Item 14
EXHIBIT 1
DESCRIPTION OF THE LAND
Page 47
Item 14
EXHIBIT 1
DESCRIPTION OF THE LAND
Page 48
Item 14
EXHIBIT 1
DESCRIPTION OF THE LAND
Page 49
Item 14
EXHIBIT 1
DESCRIPTION OF THE LAND
Page 50
Item 14
EXHIBIT 1 DESCRIPTION OF THE LAND Page 51 Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 52
Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 53 Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 54
Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 55
Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 56
Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 57
Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 58
Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 59
Item 14
EXHIBIT 2
DESCRIPTION OF PUBLIC IMPROVEMENTS
Page 60
Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 61 Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 62 Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 63 Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 64 Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 65 Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 66 Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 67 Item 14
EXHIBIT 2 DESCRIPTION OF PUBLIC IMPROVEMENTS Page 68 Item 14
EXHIBIT 3 IMPACT FEE ADDITIONAL TERRITORY Page 69 Item 14
EXHIBIT 3 IMPACT FEE ADDITIONAL TERRITORY Page 70 Item 14
EXHIBIT 4
TIRZ BOUNDARY ADJUSTMENT AREA
Page 71
Item 14
EXHIBIT 4
TIRZ BOUNDARY ADJUSTMENT AREA
Page 72
Item 14
EXHIBIT 4 TIRZ BOUNDARY ADJUSTMENT AREA Page 73 Item 14
Forecast
of Local Tax Revenue
Generated by Prosper TIRZ 1
Prepared for the Town of Prosper, Texas
September 18, 2014 Draft
Neither this report nor its conclusions may be referred to or included in any
product or part of any offering made in connection with private syndication of
equity, sales of bonds, sales of securities or sale of participation interests to the
public without express written consent of Stein Planning, LLC.
Item 14
Schedule 1:
Historic Values of Real Property Accounts in TIRZ 1
Notes:
Land areas and appraisals are from the Collin Central Appraisal District.
Taxable values reflect agricultural values, if applicable.
Yellow accounts appear outside TIRZ 1 according to Exhibit A (map) of the 2008 plan. Resolution by the metes and bounds description, a change to Exhibit A or amendment of the TIRZ 1 boundary may be warranted.
Orange accounts appear outside TIRZ 1 according to Exhibit A (map) of the 2008 plan. Resolution is warranted. The 2014 area of these accounts is greater than the inactive account they allegedly replaced.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)
Collin
CAD
Account Owner of Record Acres SF Land Improvements Total Land Per SF Taxable Acres SF Land Improvements Total Land Per SF Taxable
965879 289 Preston & 380 LP and Cowboys C 152.0834 6,624,753 $17,621,843 $300 $17,622,143 $2.66 $24,785 152.0834 6,624,753 $16,561,882 $0 $16,561,882 $2.50 $27,223
967635 183 Land Corporation 79.2210 3,450,867 $5,176,300 $0 $5,176,300 $1.50 $12,755 79.2210 3,450,867 $5,545,470 $0 $5,545,470 $1.61 $14,181
967840 289 Preston & 380 LP and Cowboys C 5.0512 220,030 $585,280 $0 $585,280 $2.66 $813 5.0512 220,030 $550,075 $0 $550,075 $2.50 $904
968947 183 Land Corporation 2.0000 87,120 $174,240 $0 $174,240 $2.00 $322 2.0000 87,120 $217,800 $0 $217,800 $2.50 $358
968956 183 Land Corporation 131.1900 5,714,636 $11,429,273 $0 $11,429,273 $2.00 $21,122 131.1900 5,714,636 $14,286,590 $0 $14,286,590 $2.50 $23,483
968965 183 Land Corporation 3.2700 142,441 $284,882 $0 $284,882 $2.00 $526 3.2700 142,441 $356,103 $0 $356,103 $2.50 $585
968974 183 Land Corporation 2.6800 116,741 $233,482 $0 $233,482 $2.00 $431 2.6800 116,741 $233,482 $0 $233,482 $2.00 $480
968983 183 Land Corporation 1.4800 64,469 $128,938 $0 $128,938 $2.00 $238 1.4800 64,469 $128,938 $0 $128,938 $2.00 $265
968992 183 Land Corporation 1.2820 55,844 $111,688 $0 $111,688 $2.00 $206 1.2820 55,844 $111,688 $0 $111,688 $2.00 $229
969036 183 Land Corporation 0.5200 22,651 $45,302 $0 $45,302 $2.00 $84 0.5200 22,651 $45,302 $0 $45,302 $2.00 $93
969045 Omohundro Shrader 1.2500 54,450 $217,800 $36,553 $254,353 $4.00 $254,353 1.2500 54,450 $217,800 $31,607 $249,407 $4.00 $118,861
969081 183 Land Corporation 2.5400 110,642 $221,285 $0 $221,285 $2.00 $409 inactive account
969107 Blue Star Land LP 0.4910 21,388 $106,940 $31,254 $138,194 $5.00 $4,455 0.4910 21,388 $53,470 $2,688 $56,158 $2.50 $56,158
969250 183 Land Corporation 74.9610 3,265,301 $6,530,602 $0 $6,530,602 $2.00 $12,069 inactive account
969269 Blue Star Land LP 0.2500 10,890 $54,450 $71,693 $126,143 $5.00 $126,143 0.2500 10,890 $27,225 $6,078 $33,303 $2.50 $33,303
969278 Blue Star Land LP 0.1940 8,451 $42,255 $1,319 $43,574 $5.00 $4,455 0.1940 8,451 $21,128 $98 $21,226 $2.50 $21,226
969296 Burlington Northern Santa Fe RR 21.0000 914,760 $0 $0 $0 $0.00 $0 21.0000 914,760 $0 $0 $0 $0.00 $0
972709 183 Land Corporation 27.6720 1,205,392 $2,410,785 $0 $2,410,785 $2.00 $4,455 27.6720 1,205,392 $3,013,480 $0 $3,013,480 $2.50 $4,953
972718 183 Land Corporation 9.3780 408,506 $2,042,528 $0 $2,042,528 $5.00 $1,510 inactive account
974912 183 Land Corporation 72.3120 3,149,911 $6,299,821 $0 $6,299,821 $2.00 $11,642 inactive account
974930 183 Land Corporation 74.0000 3,223,440 $6,446,880 $1,916 $6,448,796 $2.00 $11,360 inactive account
2120520 Blue Star Land LP 29.6640 1,292,164 $3,876,492 $220,720 $4,097,212 $3.00 $4,097,212 29.6113 1,289,868 $3,224,671 $200,730 $3,425,401 $2.50 $421,402
2657870 Jobe Properties Ltd new account, replaced part of 969081 1.6580 72,222 $54,167 $0 $54,167 $0.75 $54,167
2657871 183 Land Corporation new account, replaced part of 969081 0.0220 958 $1,917 $0 $1,917 $2.00 $4
2657877 183 Land Corporation new account, replaced part of 969081 1.6360 71,264 $178,160 $0 $178,160 $2.50 $178,160
2671080 183 Land Corporation new account, replaced 972718 after transfer to TX DOT R-O-W 7.7776 338,792 $1,185,773 $0 $1,185,773 $3.50 $1,392
2688543 380 289 LP new account, replaced property owned by 183 Land 2.7095 118,026 $295,065 $295,065 $2.50 $247
2688556 380 289 LP new account, replaced property owned by 183 Land 96.1747 4,189,370 $10,473,425 $0.00 $10,473,425 $2.50 $17,216
2688557 380 289 LP new account, replaced property owned by 183 Land 73.4364 3,198,890 $7,997,223 $0.00 $7,997,223 $2.50 $10,722
2688561 380 289 LP new account, replaced property owned by 183 Land 50.4360 2,196,992 $5,491,957 $5,491,957 $2.50 $10,940
Subtotal of accounts existing in 2008 692.4896 30,164,847 $64,041,066 $363,755 $64,404,821 $2.12 $4,589,345 693.0961 30,191,266 $70,272,791 $241,201 $70,513,992 $2.33 $996,552
2008 Values 2014Values
Land Area Collin Central Appraisal District Market Appraisal Land Area Collin Central Appraisal District Market Appraisal
Item 14
Schedule 2:
Annual Development Plan and Forecast Appraisals for TIFRZ 1, in 2014 Dollars
Notes:
Uses, floor areas, dwelling counts and timing are proposed by developer.
Taxable appraisals per square foot of gross floor area are estimates by Stein Planning, LLC, based on appraisals of comparable developments for tax purposes.
Appraisals include improvements and land. Cost, sale value and appraisal for tax purposes are not necessarily the same.
This schedule and related forecasts of tax production and revenue for various public funds are not an evaluation of market demand to absorb the scheduled development.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)
Completions Added
in Year Ended To Roll as of Multi-family Cumulative
Dec. 31,Jan. 1,Retail Restaurant Fuel Office Cinema Residential Total Total
2016 2017 205,240 0 0 0 0 0 205,240 205,240
2017 2018 205,240 17,500 2,498 0 0 0 225,238 430,478
2018 2019 205,240 17,500 2,499 0 0 0 225,239 655,717
2019 2020 164,300 7,000 0 0 53,000 300,000 524,300 1,180,017
2020 2021 164,300 7,000 0 0 0 0 171,300 1,351,317
2021 2022 241,800 30,633 0 0 0 300,000 572,433 1,923,750
2022 2023 241,800 30,634 0 195,000 0 467,434 2,391,184
2023 2024 241,800 30,633 0 0 0 225,000 497,433 2,888,617
Total 1,669,720 140,900 4,997 195,000 53,000 825,000 2,888,617
Property Multi-family
Completions Added Tax Received Retail @ Restaurant @ Fuel @ Office @ Cinema @ Residential @
in Year Ended To Roll as of by TIF Fund $150 $250 $250 $150 $175 $95 Cumulative
Dec. 31,Jan. 1,by May 1,Total Total
2016 2017 2018 $30,786,000 $0 $0 $0 $0 $0 $30,786,000 $30,786,000
2017 2018 2019 $30,786,000 $4,375,000 $624,500 $0 $0 $0 $35,785,500 $66,571,500
2018 2019 2020 $30,786,000 $4,375,000 $624,750 $0 $0 $0 $35,785,750 $102,357,250
2019 2020 2021 $24,645,000 $1,750,000 $0 $0 $9,275,000 $28,500,000 $64,170,000 $166,527,250
2020 2021 2022 $24,645,000 $1,750,000 $0 $0 $0 $0 $26,395,000 $192,922,250
2021 2022 2023 $36,270,000 $7,658,250 $0 $0 $0 $28,500,000 $72,428,250 $265,350,500
2022 2023 2024 $36,270,000 $7,658,500 $0 $29,250,000 $0 $0 $73,178,500 $338,529,000
2023 2024 2025 $36,270,000 $7,658,250 $0 $0 $0 $21,375,000 $65,303,250 $403,832,250
Total $250,458,000 $35,225,000 $1,249,250 $29,250,000 $9,275,000 $78,375,000 $403,832,250
Property Multi-family
Completions Added Tax Received Retail @ Restaurant @ Fuel @ Office @ Cinema @ Residential @
in Year Ended To Roll as of by TIF Fund $35 $35 $35 $20 $40 $0 Cumulative
Dec. 31,Jan. 1,by May 1,Total Total
2016 2017 2018 $7,183,400 $0 $0 $0 $0 $0 $7,183,400 $7,183,400
2017 2018 2019 $7,183,400 $612,500 $87,430 $0 $0 $0 $7,883,330 $15,066,730
2018 2019 2020 $7,183,400 $612,500 $87,465 $0 $0 $0 $7,883,365 $22,950,095
2019 2020 2021 $5,750,500 $245,000 $0 $0 $2,120,000 $0 $8,115,500 $31,065,595
2020 2021 2022 $5,750,500 $245,000 $0 $0 $0 $0 $5,995,500 $37,061,095
2021 2022 2023 $8,463,000 $1,072,155 $0 $0 $0 $0 $9,535,155 $46,596,250
2022 2023 2024 $8,463,000 $1,072,190 $0 $3,900,000 $0 $0 $13,435,190 $60,031,440
2023 2024 2025 $8,463,000 $1,072,155 $0 $0 $0 $0 $9,535,155 $69,566,595
Total $58,440,200 $4,931,500 $174,895 $3,900,000 $2,120,000 $0 $69,566,595
Approximate "nonproject costs" (cost of land and improvements not reimbursed by TIF), in 2014 dollars, by developer's estimate:Update these.
$386,000,000 $50,000,000 $41,000,000 $14,000,000 $98,000,000 $589,000,000
per SF of GFA
Square Feet of Gross Floor Area Added by Year
Taxable Appraised Value of Land and Improvements Added by Year, in 2014 Dollars
Taxable Appraised Value of Business Personal Property Added by Year, in 2014 Dollars
Item 14
Schedule 3:
Forecast of Annual Property Appraisals and Town Property Taxes, TIRZ 1
Notes:
Forecasts of taxable values added come from a separate schedule, expressed in 2014 dollars. Values are adjusted for inflation in this schedule.
Percentages of total 2014 land value reclassified from agricultural use to non-agricultural use are from the developer. These are estimates.
To avoid double-counting land value, portions of the difference between the total Collin CAD 2014 "market" appraisal and taxable value (plus annual inflation of value) are deducted
from values for years 8 through 15 (2016 through 2023).
Tax rates are assumed constant. Actual rates will be set annually.
Estimated "rollback" real property taxes due upon conversion of agricultural use to non-agricultural use are improted from anohter schedule.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)
Appraisal Before Development and Appraisal Without
Vertical Improvements % of 2014 Reclassified Less Town Property in Structures Plus Changes
Property Added This Year;Value Land Value Related Annual Completed This Year;Due to Year's Town Cumulative
Tax If Post-completion Reclassified This Year,Land Appraisal Net Taxable Real Property If Post-completion Improvements,Business BPP Town
Appraised Deposited Appraisals Rise From With Inflation and Inflation Real Tax, If Real Appraisals Rise With Inflation Personal Tax @ Town Property Tax
TIRZ Value for to TIF Fund 1.00%Agricultural After 2014 @ Before Property $0.52 Property Tax 2.00%After 2014 @ Property $0.52 Property From 2014
Year Jan. 1,by May 1,Annually After 2014 Value 2.00%Development Appraisal per $100 Rollback Annually After 2014 2.00%Appraisal per $100 Tax Forward
Base 2008 2009 $4,589,345 $23,865 $0 $0 $0 $23,865
1 2009 2010
2 2010 2011
3 2011 2012
4 2012 2013
5 2013 2014
6 2014 2015 0.00%$0 $996,552 $5,182 $0 $0 $0 $5,182 $5,182
7 2015 2016 $1,006,518 7.11%$5,041,544 $0 $6,048,061 $31,450 $46,090 $0 $0 $0 $0 $77,540 $82,722
8 2016 2017 $6,108,542 7.80%$37,671,178 $5,513,741 $38,265,979 $198,983 $47,012 $0 $7,473,609 $7,473,609 $38,863 $284,858 $367,580
9 2017 2018 $38,648,639 7.80%$43,730,111 $6,537,330 $75,841,420 $394,375 $47,952 $7,623,082 $8,365,853 $15,988,934 $83,142 $525,470 $893,050
10 2018 2019 $76,599,834 18.15%$52,393,143 $6,668,123 $122,324,854 $636,089 $48,911 $16,308,713 $8,533,208 $24,841,921 $129,178 $814,178 $1,707,228
11 2019 2020 $123,548,103 5.93%$75,400,310 $12,196,232 $186,752,182 $971,111 $49,889 $25,338,759 $8,960,168 $34,298,927 $178,354 $1,199,355 $2,906,583
12 2020 2021 $188,619,703 19.82%$45,241,724 $5,117,001 $228,744,427 $1,189,471 $50,887 $34,984,906 $6,751,907 $41,736,812 $217,031 $1,457,390 $4,363,973
13 2021 2022 $231,031,871 16.18%$96,117,619 $14,321,944 $312,827,547 $1,626,703 $51,905 $42,571,549 $10,952,896 $53,524,445 $278,327 $1,956,935 $6,320,908
14 2022 2023 $315,955,822 17.21%$99,757,952 $14,759,704 $400,954,070 $2,084,961 $52,943 $54,594,933 $15,741,466 $70,336,400 $365,749 $2,503,653 $8,824,562
15 2023 2024 $404,963,611 0.00%$78,043,429 $13,434,735 $469,572,304 $2,441,776 $0 $71,743,128 $11,395,393 $83,138,521 $432,320 $2,874,096 $11,698,658
16 2024 2025 $474,268,027 0.00%$0 $0 $474,268,027 $2,466,194 $0 $84,801,291 $0 $84,801,291 $440,967 $2,907,160 $14,605,818
17 2025 2026 $479,010,708 0.00%$0 $0 $479,010,708 $2,490,856 $0 $86,497,317 $0 $86,497,317 $449,786 $2,940,642 $17,546,460
18 2026 2027 $483,800,815 0.00%$0 $0 $483,800,815 $2,515,764 $0 $88,227,263 $0 $88,227,263 $458,782 $2,974,546 $20,521,006
19 2027 2028 $488,638,823 0.00%$0 $0 $488,638,823 $2,540,922 $0 $89,991,809 $0 $89,991,809 $467,957 $3,008,879 $23,529,885
20 2028 2029 $493,525,211 0.00%$0 $0 $493,525,211 $2,566,331 $0 $91,791,645 $0 $91,791,645 $477,317 $3,043,648 $26,573,533
21 2029 2030 $498,460,463 0.00%$0 $0 $498,460,463 $2,591,994 $0 $93,627,478 $0 $93,627,478 $486,863 $3,078,857 $29,652,390
22 2030 2031 $503,445,068 0.00%$0 $0 $503,445,068 $2,617,914 $0 $95,500,027 $0 $95,500,027 $496,600 $3,114,514 $32,766,905
23 2031 2032 $508,479,519 0.00%$0 $0 $508,479,519 $2,644,093 $0 $97,410,028 $0 $97,410,028 $506,532 $3,150,626 $35,917,530
24 2032 2033 $513,564,314 0.00%$0 $0 $513,564,314 $2,670,534 $0 $99,358,228 $0 $99,358,228 $516,663 $3,187,197 $39,104,728
25 2033 2034 $518,699,957 0.00%$0 $0 $518,699,957 $2,697,240 $0 $101,345,393 $0 $101,345,393 $526,996 $3,224,236 $42,328,963
26 2034 2035 $523,886,957 0.00%$0 $0 $523,886,957 $2,724,212 $0 $103,372,301 $0 $103,372,301 $537,536 $3,261,748 $45,590,712
27 2035 2036 $529,125,826 0.00%$0 $0 $529,125,826 $2,751,454 $0 $105,439,747 $0 $105,439,747 $548,287 $3,299,741 $48,890,453
28 2036 2037 $534,417,084 0.00%$0 $0 $534,417,084 $2,778,969 $0 $107,548,542 $0 $107,548,542 $559,252 $3,338,221 $52,228,674
29 2037 2038 $539,761,255 0.00%$0 $0 $539,761,255 $2,806,759 $0 $109,699,512 $0 $109,699,512 $570,437 $3,377,196 $55,605,870
30 2038 2039 $545,158,868 0.00%$0 $0 $545,158,868 $2,834,826 $0 $111,893,503 $0 $111,893,503 $581,846 $3,416,672 $59,022,542
31 2039 2040 $550,610,456 0.00%$0 $0 $550,610,456 $2,863,174 $0 $114,131,373 $0 $114,131,373 $593,483 $3,456,658 $62,479,200
32 2040 2041 $556,116,561 0.00%$0 $0 $556,116,561 $2,891,806 $0 $116,414,000 $0 $116,414,000 $605,353 $3,497,159 $65,976,359
33 2041 2042 $561,677,727 0.00%$0 $0 $561,677,727 $2,920,724 $0 $118,742,280 $0 $118,742,280 $617,460 $3,538,184 $69,514,543
34 2042 2043 $567,294,504 0.00%$0 $0 $567,294,504 $2,949,931 $0 $121,117,126 $0 $121,117,126 $629,809 $3,579,740 $73,094,283
35 2043 2044 $572,967,449 0.00%$0 $0 $572,967,449 $2,979,431 $0 $123,539,468 $0 $123,539,468 $642,405 $3,621,836 $76,716,119
36 2044 2045 $578,697,123 0.00%$0 $0 $578,697,123 $3,009,225 $0 $126,010,258 $0 $126,010,258 $655,253 $3,664,478 $80,380,597
37 2045 2046 $584,484,095 0.00%$0 $0 $584,484,095 $3,039,317 $0 $128,530,463 $0 $128,530,463 $668,358 $3,707,676 $84,088,273
Total, years 1-37 excluding shaded cell values 100.00%$533,397,011 $78,548,809 $69,931,775 $395,590 $78,174,500 $13,760,909 $84,088,273
Business Personal Property Sum for PropertyReal Property
Item 14
Schedule 4:
Forecast of Annual Property Appraisals and County Property Taxes, TIRZ 1
Notes:
Forecasts of taxable values added come from a separate schedule, expressed in 2014 dollars. Values are adjusted for inflation in this schedule.
Percentages of total 2014 land value reclassified from agricultural use to non-agricultural use are from the developer. These are estimates.
To avoid double-counting land value, portions of the difference between the total Collin CAD 2014 "market" appraisal and taxable value (plus annual inflation of value) are deducted
from values for years 8 through 15 (2016 through 2023).
Tax rates are assumed constant after 2013. Actual rates will be set annually.
Estimated "rollback" real property taxes due upon conversion of agricultural use to non-agricultural use are improted from anohter schedule.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)
Appraisal Before Development and Appraisal Without
Vertical Improvements % of 2014 Reclassified Less County Property in Structures Plus Changes
Property Added This Year;Value Land Value Related Annual Completed This Year;Due to Year's County Cumulative
Tax If Post-completion Reclassified This Year,Land Appraisal Net Taxable Real Property If Post-completion Improvements,Business BPP County
Appraised Deposited Appraisals Rise From With Inflation and Inflation Real Tax, If Real Appraisals Rise With Inflation Personal Tax @ County Property Tax
TIRZ Value for to TIF Fund 1.00%Agricultural After 2014 @ Before Property $0.235 Property Tax 2.00%After 2014 @ Property $0.235 Property From 2014
Year Jan. 1,by May 1,Annually After 2014 Value 2.00%Development Appraisal per $100 Rollback Annually After 2014 2.00%Appraisal per $100 Tax Forward
Base 2008 2009 $4,589,345 $11,244 $0 $0 $0 $11,244
1 2009 2010
2 2010 2011
3 2011 2012
4 2012 2013
5 2013 2014
6 2014 2015 0.00%$0 $996,552 $2,342 $0 $0 $0 $2,342 $2,342
7 2015 2016 $1,006,518 7.11%$5,041,544 $0 $6,048,061 $14,213 $10,415 $0 $0 $0 $0 $24,628 $26,969
8 2016 2017 $6,108,542 7.80%$37,671,178 $5,513,741 $38,265,979 $89,925 $10,623 $0 $7,473,609 $7,473,609 $17,563 $118,111 $145,080
9 2017 2018 $38,648,639 7.80%$43,730,111 $6,537,330 $75,841,420 $178,227 $10,835 $7,623,082 $8,365,853 $15,988,934 $37,574 $226,637 $371,717
10 2018 2019 $76,599,834 18.15%$52,393,143 $6,668,123 $122,324,854 $287,463 $11,052 $16,308,713 $8,533,208 $24,841,921 $58,379 $356,894 $728,611
11 2019 2020 $123,548,103 5.93%$75,400,310 $12,196,232 $186,752,182 $438,868 $11,273 $25,338,759 $8,960,168 $34,298,927 $80,602 $530,743 $1,259,354
12 2020 2021 $188,619,703 19.82%$45,241,724 $5,117,001 $228,744,427 $537,549 $11,499 $34,984,906 $6,751,907 $41,736,812 $98,082 $647,129 $1,906,484
13 2021 2022 $231,031,871 16.18%$96,117,619 $14,321,944 $312,827,547 $735,145 $11,729 $42,571,549 $10,952,896 $53,524,445 $125,782 $872,656 $2,779,139
14 2022 2023 $315,955,822 17.21%$99,757,952 $14,759,704 $400,954,070 $942,242 $11,963 $54,594,933 $15,741,466 $70,336,400 $165,291 $1,119,496 $3,898,635
15 2023 2024 $404,963,611 0.00%$78,043,429 $13,434,735 $469,572,304 $1,103,495 $0 $71,743,128 $11,395,393 $83,138,521 $195,376 $1,298,870 $5,197,505
16 2024 2025 $474,268,027 0.00%$0 $0 $474,268,027 $1,114,530 $0 $84,801,291 $0 $84,801,291 $199,283 $1,313,813 $6,511,318
17 2025 2026 $479,010,708 0.00%$0 $0 $479,010,708 $1,125,675 $0 $86,497,317 $0 $86,497,317 $203,269 $1,328,944 $7,840,262
18 2026 2027 $483,800,815 0.00%$0 $0 $483,800,815 $1,136,932 $0 $88,227,263 $0 $88,227,263 $207,334 $1,344,266 $9,184,528
19 2027 2028 $488,638,823 0.00%$0 $0 $488,638,823 $1,148,301 $0 $89,991,809 $0 $89,991,809 $211,481 $1,359,782 $10,544,310
20 2028 2029 $493,525,211 0.00%$0 $0 $493,525,211 $1,159,784 $0 $91,791,645 $0 $91,791,645 $215,710 $1,375,495 $11,919,805
21 2029 2030 $498,460,463 0.00%$0 $0 $498,460,463 $1,171,382 $0 $93,627,478 $0 $93,627,478 $220,025 $1,391,407 $13,311,211
22 2030 2031 $503,445,068 0.00%$0 $0 $503,445,068 $1,183,096 $0 $95,500,027 $0 $95,500,027 $224,425 $1,407,521 $14,718,732
23 2031 2032 $508,479,519 0.00%$0 $0 $508,479,519 $1,194,927 $0 $97,410,028 $0 $97,410,028 $228,914 $1,423,840 $16,142,573
24 2032 2033 $513,564,314 0.00%$0 $0 $513,564,314 $1,206,876 $0 $99,358,228 $0 $99,358,228 $233,492 $1,440,368 $17,582,941
25 2033 2034 $518,699,957 0.00%$0 $0 $518,699,957 $1,218,945 $0 $101,345,393 $0 $101,345,393 $238,162 $1,457,107 $19,040,047
26 2034 2035 $523,886,957 0.00%$0 $0 $523,886,957 $1,231,134 $0 $103,372,301 $0 $103,372,301 $242,925 $1,474,059 $20,514,107
27 2035 2036 $529,125,826 0.00%$0 $0 $529,125,826 $1,243,446 $0 $105,439,747 $0 $105,439,747 $247,783 $1,491,229 $22,005,336
28 2036 2037 $534,417,084 0.00%$0 $0 $534,417,084 $1,255,880 $0 $107,548,542 $0 $107,548,542 $252,739 $1,508,619 $23,513,955
29 2037 2038 $539,761,255 0.00%$0 $0 $539,761,255 $1,268,439 $0 $109,699,512 $0 $109,699,512 $257,794 $1,526,233 $25,040,188
30 2038 2039 $545,158,868 0.00%$0 $0 $545,158,868 $1,281,123 $0 $111,893,503 $0 $111,893,503 $262,950 $1,544,073 $26,584,261
31 2039 2040 $550,610,456 0.00%$0 $0 $550,610,456 $1,293,935 $0 $114,131,373 $0 $114,131,373 $268,209 $1,562,143 $28,146,404
32 2040 2041 $556,116,561 0.00%$0 $0 $556,116,561 $1,306,874 $0 $116,414,000 $0 $116,414,000 $273,573 $1,580,447 $29,726,851
33 2041 2042 $561,677,727 0.00%$0 $0 $561,677,727 $1,319,943 $0 $118,742,280 $0 $118,742,280 $279,044 $1,598,987 $31,325,838
34 2042 2043 $567,294,504 0.00%$0 $0 $567,294,504 $1,333,142 $0 $121,117,126 $0 $121,117,126 $284,625 $1,617,767 $32,943,605
35 2043 2044 $572,967,449 0.00%$0 $0 $572,967,449 $1,346,474 $0 $123,539,468 $0 $123,539,468 $290,318 $1,636,791 $34,580,397
36 2044 2045 $578,697,123 0.00%$0 $0 $578,697,123 $1,359,938 $0 $126,010,258 $0 $126,010,258 $296,124 $1,656,062 $36,236,459
37 2045 2046 $584,484,095 0.00%$0 $0 $584,484,095 $1,373,538 $0 $128,530,463 $0 $128,530,463 $302,047 $1,675,584 $37,912,043
Total, years 1-37 excluding shaded cell values 100.00%$533,397,011 $78,548,809 $31,603,783 $89,388 $78,174,500 $6,218,872 $37,912,043
Real Property Business Personal Property Sum for Property
Item 14
Schedule 5:
Forecast of Annual Property Appraisals and College District Property Taxes, TIRZ 1
Notes:
Forecasts of taxable values added come from a separate schedule, expressed in 2014 dollars. Values are adjusted for inflation in this schedule.
Percentages of total 2014 land value reclassified from agricultural use to non-agricultural use are from the developer. These are estimates.
To avoid double-counting land value, portions of the difference between the total Collin CAD 2014 "market" appraisal and taxable value (plus annual inflation of value) are deducted
from values for years 8 through 15 (2016 through 2023).
Tax rates are assumed constant after 2013. Actual rates will be set annually.
This estimate assumes rollback tax payments are five times the annual real property tax deferred in 2014, spread equally over eight years, plus inflation.
The Collin County Community College District retains all taxes collected from TIRZ 1.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)
Appraisal Before Development and Appraisal Without
Vertical Improvements % of 2014 Reclassified Less College Property in Structures Plus Changes
Property Added This Year;Value Land Value Related Annual Completed This Year;Due to Year's College Cumulative
Tax If Post-completion Reclassified This Year,Land Appraisal Net Taxable Real Property If Post-completion Improvements,Business BPP College
Appraised Deposited Appraisals Rise From With Inflation and Inflation Real Tax, If Real Appraisals Rise With Inflation Personal Tax @ College Property Tax
TIRZ Value for to TIF Fund 1.00%Agricultural After 2014 @ Before Property $0.083643 Property Tax 2.00%After 2014 @ Property $0.08364 Property From 2014
Year Jan. 1,by May 1,Annually After 2014 Value 2.00%Development Appraisal per $100 Rollback Annually After 2014 2.00%Appraisal per $100 Tax Forward
Base 2008 2009 $4,589,345 $3,969 $0 $0 $0 $3,969
1 2009 2010
2 2010 2011
3 2011 2012
4 2012 2013
5 2013 2014
6 2014 2015 0.00%$0 $996,552 $834 $0 $0 $0 $834 $834
7 2015 2016 $1,006,518 7.11%$5,041,544 $0 $6,048,061 $5,059 $7,414 $0 $0 $0 $0 $12,472 $13,306
8 2016 2017 $6,108,542 7.80%$37,671,178 $5,513,741 $38,265,979 $32,007 $7,562 $0 $7,473,609 $7,473,609 $6,251 $45,820 $59,126
9 2017 2018 $38,648,639 7.80%$43,730,111 $6,537,330 $75,841,420 $63,436 $7,713 $7,623,082 $8,365,853 $15,988,934 $13,374 $84,523 $143,649
10 2018 2019 $76,599,834 18.15%$52,393,143 $6,668,123 $122,324,854 $102,316 $7,867 $16,308,713 $8,533,208 $24,841,921 $20,779 $130,962 $274,611
11 2019 2020 $123,548,103 5.93%$75,400,310 $12,196,232 $186,752,182 $156,205 $8,025 $25,338,759 $8,960,168 $34,298,927 $28,689 $192,919 $467,530
12 2020 2021 $188,619,703 19.82%$45,241,724 $5,117,001 $228,744,427 $191,329 $8,185 $34,984,906 $6,751,907 $41,736,812 $34,910 $234,424 $701,953
13 2021 2022 $231,031,871 16.18%$96,117,619 $14,321,944 $312,827,547 $261,658 $8,349 $42,571,549 $10,952,896 $53,524,445 $44,769 $314,777 $1,016,730
14 2022 2023 $315,955,822 17.21%$99,757,952 $14,759,704 $400,954,070 $335,370 $8,516 $54,594,933 $15,741,466 $70,336,400 $58,831 $402,717 $1,419,448
15 2023 2024 $404,963,611 0.00%$78,043,429 $13,434,735 $469,572,304 $392,764 $0 $71,743,128 $11,395,393 $83,138,521 $69,540 $462,304 $1,881,752
16 2024 2025 $474,268,027 0.00%$0 $0 $474,268,027 $396,692 $0 $84,801,291 $0 $84,801,291 $70,930 $467,622 $2,349,374
17 2025 2026 $479,010,708 0.00%$0 $0 $479,010,708 $400,659 $0 $86,497,317 $0 $86,497,317 $72,349 $473,008 $2,822,382
18 2026 2027 $483,800,815 0.00%$0 $0 $483,800,815 $404,666 $0 $88,227,263 $0 $88,227,263 $73,796 $478,461 $3,300,843
19 2027 2028 $488,638,823 0.00%$0 $0 $488,638,823 $408,712 $0 $89,991,809 $0 $89,991,809 $75,272 $483,984 $3,784,827
20 2028 2029 $493,525,211 0.00%$0 $0 $493,525,211 $412,799 $0 $91,791,645 $0 $91,791,645 $76,777 $489,577 $4,274,404
21 2029 2030 $498,460,463 0.00%$0 $0 $498,460,463 $416,927 $0 $93,627,478 $0 $93,627,478 $78,313 $495,240 $4,769,644
22 2030 2031 $503,445,068 0.00%$0 $0 $503,445,068 $421,097 $0 $95,500,027 $0 $95,500,027 $79,879 $500,976 $5,270,620
23 2031 2032 $508,479,519 0.00%$0 $0 $508,479,519 $425,308 $0 $97,410,028 $0 $97,410,028 $81,477 $506,784 $5,777,404
24 2032 2033 $513,564,314 0.00%$0 $0 $513,564,314 $429,561 $0 $99,358,228 $0 $99,358,228 $83,106 $512,667 $6,290,071
25 2033 2034 $518,699,957 0.00%$0 $0 $518,699,957 $433,856 $0 $101,345,393 $0 $101,345,393 $84,768 $518,625 $6,808,695
26 2034 2035 $523,886,957 0.00%$0 $0 $523,886,957 $438,195 $0 $103,372,301 $0 $103,372,301 $86,464 $524,658 $7,333,354
27 2035 2036 $529,125,826 0.00%$0 $0 $529,125,826 $442,577 $0 $105,439,747 $0 $105,439,747 $88,193 $530,770 $7,864,123
28 2036 2037 $534,417,084 0.00%$0 $0 $534,417,084 $447,002 $0 $107,548,542 $0 $107,548,542 $89,957 $536,959 $8,401,083
29 2037 2038 $539,761,255 0.00%$0 $0 $539,761,255 $451,473 $0 $109,699,512 $0 $109,699,512 $91,756 $543,228 $8,944,311
30 2038 2039 $545,158,868 0.00%$0 $0 $545,158,868 $455,987 $0 $111,893,503 $0 $111,893,503 $93,591 $549,578 $9,493,889
31 2039 2040 $550,610,456 0.00%$0 $0 $550,610,456 $460,547 $0 $114,131,373 $0 $114,131,373 $95,463 $556,010 $10,049,899
32 2040 2041 $556,116,561 0.00%$0 $0 $556,116,561 $465,153 $0 $116,414,000 $0 $116,414,000 $97,372 $562,525 $10,612,424
33 2041 2042 $561,677,727 0.00%$0 $0 $561,677,727 $469,804 $0 $118,742,280 $0 $118,742,280 $99,320 $569,124 $11,181,548
34 2042 2043 $567,294,504 0.00%$0 $0 $567,294,504 $474,502 $0 $121,117,126 $0 $121,117,126 $101,306 $575,808 $11,757,356
35 2043 2044 $572,967,449 0.00%$0 $0 $572,967,449 $479,247 $0 $123,539,468 $0 $123,539,468 $103,332 $582,579 $12,339,935
36 2044 2045 $578,697,123 0.00%$0 $0 $578,697,123 $484,040 $0 $126,010,258 $0 $126,010,258 $105,399 $589,438 $12,929,374
37 2045 2046 $584,484,095 0.00%$0 $0 $584,484,095 $488,880 $0 $128,530,463 $0 $128,530,463 $107,507 $596,387 $13,525,760
Total, years 1-37 excluding shaded cell values 100.00%$533,397,011 $78,548,809 $11,248,660 $63,631 $78,174,500 $2,213,469 $13,525,760
Business Personal Property Total PropertyReal Property
Item 14
Schedule 6:
Forecast of Annual Property Appraisals and Prosper ISD Property Taxes, TIRZ 1
Notes:
Forecasts of taxable values added come from a separate schedule, expressed in 2014 dollars. Values are adjusted for inflation in this schedule.
Percentages of total 2014 land value reclassified from agricultural use to non-agricultural use are from the developer. These are estimates.
To avoid double-counting land value, portions of the difference between the total Collin CAD 2014 "market" appraisal and taxable value (plus annual inflation of value) are deducted
from values for years 8 through 15 (2016 through 2023).
Tax rates are assumed constant. Actual rates will be set annually.
This estimate assumes rollback tax payments are five times the annual real property tax deferred in 2014, spread equally over eight years, plus inflation.
The PISD retains all taxes collected from TIRZ 1, but part of the retained tax may be subject to capture and redistribution to other school districts by the State of Texas.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)
Appraisal Before Development and Appraisal Without
Vertical Improvements % of 2014 Reclassified Less PISD Property in Structures Plus Changes
Property Added This Year;Value Land Value Related Annual Completed This Year;Due to Year's PISD Cumulative
Tax If Post-completion Reclassified This Year,Land Appraisal Net Taxable Real Property If Post-completion Improvements,Business BPP PISD
Appraised Deposited Appraisals Rise From With Inflation and Inflation Real Tax, If Real Appraisals Rise With Inflation Personal Tax @ PISD Property Tax
TIRZ Value for to TIF Fund 1.00%Agricultural After 2014 @ Before Property $1.67 Property Tax 2.00%After 2014 @ Property $1.67 Property From 2014
Year Jan. 1,by May 1,Annually After 2014 Value 2.00%Development Appraisal per $100 Rollback Annually After 2014 2.00%Appraisal per $100 Tax Forward
Base 2008 2009 $4,589,345 $76,642 $0 $0 $0 $76,642
1 2009 2010
2 2010 2011
3 2011 2012
4 2012 2013
5 2013 2014
6 2014 2015 0.00%$0 $996,552 $16,642 $0 $0 $0 $16,642 $16,642
7 2015 2016 $1,006,518 7.11%$5,041,544 $0 $6,048,061 $101,003 $148,020 $0 $0 $0 $0 $249,023 $265,665
8 2016 2017 $6,108,542 7.80%$37,671,178 $5,513,741 $38,265,979 $639,042 $150,980 $0 $7,473,609 $7,473,609 $124,809 $914,832 $1,180,497
9 2017 2018 $38,648,639 7.80%$43,730,111 $6,537,330 $75,841,420 $1,266,552 $154,000 $7,623,082 $8,365,853 $15,988,934 $267,015 $1,687,567 $2,868,064
10 2018 2019 $76,599,834 18.15%$52,393,143 $6,668,123 $122,324,854 $2,042,825 $157,080 $16,308,713 $8,533,208 $24,841,921 $414,860 $2,614,765 $5,482,829
11 2019 2020 $123,548,103 5.93%$75,400,310 $12,196,232 $186,752,182 $3,118,761 $160,222 $25,338,759 $8,960,168 $34,298,927 $572,792 $3,851,775 $9,334,604
12 2020 2021 $188,619,703 19.82%$45,241,724 $5,117,001 $228,744,427 $3,820,032 $163,426 $34,984,906 $6,751,907 $41,736,812 $697,005 $4,680,463 $14,015,067
13 2021 2022 $231,031,871 16.18%$96,117,619 $14,321,944 $312,827,547 $5,224,220 $166,695 $42,571,549 $10,952,896 $53,524,445 $893,858 $6,284,773 $20,299,839
14 2022 2023 $315,955,822 17.21%$99,757,952 $14,759,704 $400,954,070 $6,695,933 $170,028 $54,594,933 $15,741,466 $70,336,400 $1,174,618 $8,040,579 $28,340,419
15 2023 2024 $404,963,611 0.00%$78,043,429 $13,434,735 $469,572,304 $7,841,857 $0 $71,743,128 $11,395,393 $83,138,521 $1,388,413 $9,230,271 $37,570,689
16 2024 2025 $474,268,027 0.00%$0 $0 $474,268,027 $7,920,276 $0 $84,801,291 $0 $84,801,291 $1,416,182 $9,336,458 $46,907,147
17 2025 2026 $479,010,708 0.00%$0 $0 $479,010,708 $7,999,479 $0 $86,497,317 $0 $86,497,317 $1,444,505 $9,443,984 $56,351,131
18 2026 2027 $483,800,815 0.00%$0 $0 $483,800,815 $8,079,474 $0 $88,227,263 $0 $88,227,263 $1,473,395 $9,552,869 $65,904,000
19 2027 2028 $488,638,823 0.00%$0 $0 $488,638,823 $8,160,268 $0 $89,991,809 $0 $89,991,809 $1,502,863 $9,663,132 $75,567,132
20 2028 2029 $493,525,211 0.00%$0 $0 $493,525,211 $8,241,871 $0 $91,791,645 $0 $91,791,645 $1,532,920 $9,774,791 $85,341,923
21 2029 2030 $498,460,463 0.00%$0 $0 $498,460,463 $8,324,290 $0 $93,627,478 $0 $93,627,478 $1,563,579 $9,887,869 $95,229,792
22 2030 2031 $503,445,068 0.00%$0 $0 $503,445,068 $8,407,533 $0 $95,500,027 $0 $95,500,027 $1,594,850 $10,002,383 $105,232,175
23 2031 2032 $508,479,519 0.00%$0 $0 $508,479,519 $8,491,608 $0 $97,410,028 $0 $97,410,028 $1,626,747 $10,118,355 $115,350,530
24 2032 2033 $513,564,314 0.00%$0 $0 $513,564,314 $8,576,524 $0 $99,358,228 $0 $99,358,228 $1,659,282 $10,235,806 $125,586,337
25 2033 2034 $518,699,957 0.00%$0 $0 $518,699,957 $8,662,289 $0 $101,345,393 $0 $101,345,393 $1,692,468 $10,354,757 $135,941,094
26 2034 2035 $523,886,957 0.00%$0 $0 $523,886,957 $8,748,912 $0 $103,372,301 $0 $103,372,301 $1,726,317 $10,475,230 $146,416,324
27 2035 2036 $529,125,826 0.00%$0 $0 $529,125,826 $8,836,401 $0 $105,439,747 $0 $105,439,747 $1,760,844 $10,597,245 $157,013,569
28 2036 2037 $534,417,084 0.00%$0 $0 $534,417,084 $8,924,765 $0 $107,548,542 $0 $107,548,542 $1,796,061 $10,720,826 $167,734,395
29 2037 2038 $539,761,255 0.00%$0 $0 $539,761,255 $9,014,013 $0 $109,699,512 $0 $109,699,512 $1,831,982 $10,845,995 $178,580,389
30 2038 2039 $545,158,868 0.00%$0 $0 $545,158,868 $9,104,153 $0 $111,893,503 $0 $111,893,503 $1,868,621 $10,972,775 $189,553,164
31 2039 2040 $550,610,456 0.00%$0 $0 $550,610,456 $9,195,195 $0 $114,131,373 $0 $114,131,373 $1,905,994 $11,101,189 $200,654,353
32 2040 2041 $556,116,561 0.00%$0 $0 $556,116,561 $9,287,147 $0 $116,414,000 $0 $116,414,000 $1,944,114 $11,231,260 $211,885,613
33 2041 2042 $561,677,727 0.00%$0 $0 $561,677,727 $9,380,018 $0 $118,742,280 $0 $118,742,280 $1,982,996 $11,363,014 $223,248,627
34 2042 2043 $567,294,504 0.00%$0 $0 $567,294,504 $9,473,818 $0 $121,117,126 $0 $121,117,126 $2,022,656 $11,496,474 $234,745,101
35 2043 2044 $572,967,449 0.00%$0 $0 $572,967,449 $9,568,556 $0 $123,539,468 $0 $123,539,468 $2,063,109 $11,631,666 $246,376,767
36 2044 2045 $578,697,123 0.00%$0 $0 $578,697,123 $9,664,242 $0 $126,010,258 $0 $126,010,258 $2,104,371 $11,768,613 $258,145,380
37 2045 2046 $584,484,095 0.00%$0 $0 $584,484,095 $9,760,884 $0 $128,530,463 $0 $128,530,463 $2,146,459 $11,907,343 $270,052,723
Total, years 1-37 excluding shaded cell values 100.00%$533,397,011 $78,548,809 $224,588,584 $1,270,451 $78,174,500 $44,193,688 $270,052,723
Business Personal Property Total PropertyReal Property
Item 14
Schedule 7:
Estimated Taxable Sales from TIRZ 1 and Construction Sales Office, in 2014 Dollars
Assumptions:
Floor areas and completion year assumptions are from a separate schedule.
Sales per square foot of gross floor area are estimates by Stein Planning, LLC.
Taxable sales percentages allow for sales exempt from sales tax and discounts to merchants for timely tax payments.
Food for home preparation, health items, autos, gasoline, tax holiday items and items for resale are not subject to municipal sales tax.
Sales from Oct. 1 through Dec. 31 are assumed equal to 30% of annual sales. Balance of year is 70%.
(a)(b)(c)(d)(e)(f)(g)(h)
Completions Stores
Before Open by
Dec. 31,Oct.. 1,Retail Restaurant Cinema Total
2016 2016 205,240 0 0 205,240
2017 2017 410,480 17,500 0 427,980
2018 2018 615,720 35,000 0 650,720
2019 2019 780,020 42,000 53,000 875,020
2020 2020 944,320 49,000 53,000 1,046,320
2021 2021 1,186,120 79,633 53,000 1,318,753
2022 2022 1,427,920 110,267 53,000 1,591,187
2023 2023 1,669,720 140,900 53,000 1,863,620
Stores @ Restaurants @ Cinema @ Construction Sales Office
Payments $250 $450 $225 Taxable Volume, If
on Volumes 20%
Below and Right 96%85%98%of CCAD Real Property
Stores Sales Forecast Are Deposited Value of Improved
Open by Through to TIRZ Fund 6%6%0%Properties with Completion
Oct.. 1,Dec. 31 by May 1,Dates in Column (b) Year Total
2015 2015 2016 $0 $0 $0 $0 $0
2016 2016 2017 $13,890,643 $0 $0 $6,157,200 $20,047,843
2017 2017 2018 $60,192,787 $1,887,638 $0 $7,157,100 $69,237,525
2018 2018 2019 $106,494,931 $8,179,763 $0 $7,157,150 $121,831,844
2019 2019 2020 $150,026,256 $13,339,305 $3,505,950 $12,834,000 $179,705,511
2020 2020 2021 $187,092,336 $15,856,155 $11,686,500 $5,279,000 $219,913,991
2021 2021 2022 $229,403,616 $20,922,179 $11,686,500 $14,485,650 $276,497,945
2022 2022 2023 $283,953,696 $31,936,382 $11,686,500 $14,635,700 $342,212,278
2023 2023 2024 $322,138,752 $39,646,500 $11,686,500 $13,060,650 $386,532,402
Vacancy Allowance
Cumulative Square Feet of Gross Floor Area Open by Oct. 1
Sales Subject to Municipal Sales Tax, in 2014 Dollars
per SF of GFA and
Taxable and
Item 14
Schedule 8:
Forecast of Town Sales Tax Generated in TIRZ 1 and Construction Sales Office
Assumptions:
Stores open on or near Oct. 1 of a year.
Taxable sales through the end of calendar 2023 (in 2014 dollars) are from a separate schedule. Sales are adjusted for inflation in this schedule.
(a)(b)(c)(d)(e)(f)(g)(h)(i)
Sales Sales Tax
Forecast Payments Adjusted for
Through Are Deposited Annual Inflation Property
TIRZ End of to TIF Fund After 2014 @ General @ 4A @ Tax Relief @ Total @
Year Calendar by May 1,In 2014 Dollars 2.00%1.00%0.50%0.50%2.00%
1 2009 2010 $0 $0 $0 $0 $0 $0
2 2010 2011 $0 $0 $0 $0 $0 $0
3 2011 2012 $0 $0 $0 $0 $0 $0
4 2012 2013 $0 $0 $0 $0 $0 $0
5 2013 2014 $0 $0 $0 $0 $0 $0
6 2014 2015 $0 $0 $0 $0 $0 $0
7 2015 2016 $0 $0 $0 $0 $0 $0
8 2016 2017 $20,047,843 $20,857,776 $208,578 $104,289 $104,289 $417,156
9 2017 2018 $69,237,525 $73,475,415 $734,754 $367,377 $367,377 $1,469,508
10 2018 2019 $121,831,844 $131,874,706 $1,318,747 $659,374 $659,374 $2,637,494
11 2019 2020 $179,705,511 $198,409,405 $1,984,094 $992,047 $992,047 $3,968,188
12 2020 2021 $219,913,991 $247,658,872 $2,476,589 $1,238,294 $1,238,294 $4,953,177
13 2021 2022 $276,497,945 $317,609,226 $3,176,092 $1,588,046 $1,588,046 $6,352,185
14 2022 2023 $342,212,278 $400,956,225 $4,009,562 $2,004,781 $2,004,781 $8,019,125
15 2023 2024 $386,532,402 $461,942,001 $4,619,420 $2,309,710 $2,309,710 $9,238,840
16 2024 2025 $386,532,402 $471,180,841 $4,711,808 $2,355,904 $2,355,904 $9,423,617
17 2025 2026 $386,532,402 $480,604,458 $4,806,045 $2,403,022 $2,403,022 $9,612,089
18 2026 2027 $386,532,402 $490,216,547 $4,902,165 $2,451,083 $2,451,083 $9,804,331
19 2027 2028 $386,532,402 $500,020,878 $5,000,209 $2,500,104 $2,500,104 $10,000,418
20 2028 2029 $386,532,402 $510,021,295 $5,100,213 $2,550,106 $2,550,106 $10,200,426
21 2029 2030 $386,532,402 $520,221,721 $5,202,217 $2,601,109 $2,601,109 $10,404,434
22 2030 2031 $386,532,402 $530,626,156 $5,306,262 $2,653,131 $2,653,131 $10,612,523
23 2031 2032 $386,532,402 $541,238,679 $5,412,387 $2,706,193 $2,706,193 $10,824,774
24 2032 2033 $386,532,402 $552,063,453 $5,520,635 $2,760,317 $2,760,317 $11,041,269
25 2033 2034 $386,532,402 $563,104,722 $5,631,047 $2,815,524 $2,815,524 $11,262,094
26 2034 2035 $386,532,402 $574,366,816 $5,743,668 $2,871,834 $2,871,834 $11,487,336
27 2035 2036 $386,532,402 $585,854,152 $5,858,542 $2,929,271 $2,929,271 $11,717,083
28 2036 2037 $386,532,402 $597,571,235 $5,975,712 $2,987,856 $2,987,856 $11,951,425
29 2037 2038 $386,532,402 $609,522,660 $6,095,227 $3,047,613 $3,047,613 $12,190,453
30 2038 2039 $386,532,402 $621,713,113 $6,217,131 $3,108,566 $3,108,566 $12,434,262
31 2039 2040 $386,532,402 $634,147,376 $6,341,474 $3,170,737 $3,170,737 $12,682,948
32 2040 2041 $386,532,402 $646,830,323 $6,468,303 $3,234,152 $3,234,152 $12,936,606
33 2041 2042 $386,532,402 $659,766,930 $6,597,669 $3,298,835 $3,298,835 $13,195,339
34 2042 2043 $386,532,402 $672,962,268 $6,729,623 $3,364,811 $3,364,811 $13,459,245
35 2043 2044 $386,532,402 $686,421,513 $6,864,215 $3,432,108 $3,432,108 $13,728,430
36 2044 2045 $386,532,402 $700,149,944 $7,001,499 $3,500,750 $3,500,750 $14,002,999
37 2045 2046 $386,532,402 $714,152,943 $7,141,529 $3,570,765 $3,570,765 $14,283,059
Total $10,119,692,178 $14,715,541,649 $147,155,416 $73,577,708 $73,577,708 $294,310,833
Taxable Sales Volume Forecast
Town Sales Tax
Item 14
Schedule 9:
Forecast of Town Sales Tax Generated at a Construction Sales Office
(a)(b)(c)(d)(e)(f)(g)
Sales Tax
Payments Adjusted for 25%
Taxable Are Deposited In 2014 Dollars Annual Inflation General of Sales Tax from
TIRZ Sales to TIF Fund (from another After 2014 @ Sales Tax @ Construction Sales Office
Year in Calendar by May 1,schedule)2.00%1.00%to Project Fund
1 2009 2010 $0 $0 $0 $0
2 2010 2011 $0 $0 $0 $0
3 2011 2012 $0 $0 $0 $0
4 2012 2013 $0 $0 $0 $0
5 2013 2014 $0 $0 $0 $0
6 2014 2015 $0 $0 $0 $0
7 2015 2016 $0 $0 $0 $0
8 2016 2017 $6,157,200 $6,405,951 $64,060 $16,015
9 2017 2018 $7,157,100 $7,595,172 $75,952 $18,988
10 2018 2019 $7,157,150 $7,747,129 $77,471 $19,368
11 2019 2020 $12,834,000 $14,169,773 $141,698 $35,424
12 2020 2021 $5,279,000 $5,945,011 $59,450 $14,863
13 2021 2022 $14,485,650 $16,639,459 $166,395 $41,599
14 2022 2023 $14,635,700 $17,148,055 $171,481 $42,870
15 2023 2024 $13,060,650 $15,608,686 $156,087 $39,022
16 2024 2025 $0 $0 $0 $0
17 2025 2026 $0 $0 $0 $0
18 2026 2027 $0 $0 $0 $0
19 2027 2028 $0 $0 $0 $0
20 2028 2029 $0 $0 $0 $0
21 2029 2030 $0 $0 $0 $0
22 2030 2031 $0 $0 $0 $0
23 2031 2032 $0 $0 $0 $0
24 2032 2033 $0 $0 $0 $0
25 2033 2034 $0 $0 $0 $0
26 2034 2035 $0 $0 $0 $0
27 2035 2036 $0 $0 $0 $0
28 2036 2037 $0 $0 $0 $0
29 2037 2038 $0 $0 $0 $0
30 2038 2039 $0 $0 $0 $0
31 2039 2040 $0 $0 $0 $0
32 2040 2041 $0 $0 $0 $0
33 2041 2042 $0 $0 $0 $0
34 2042 2043 $0 $0 $0 $0
35 2043 2044 $0 $0 $0 $0
36 2044 2045 $0 $0 $0 $0
37 2045 2046 $0 $0 $0 $0
Total $80,766,450 $91,259,236 $912,592 $228,148
at Construction Sales Office Town Sales Tax from Construction Sales Office
Volume Forecast
Item 14
Schedule 10:
Forecast of Cash Flow to the TIF Project Fund
Notes:
Forecasts of Town and County property taxes and Town sales taxes are imported from separate schedules.
Tax rates are assumed constant. Actual rates will be set annually.
By agreement, all Town "rollback" property tax flows to the TIF fund. This estimate assumes rollback tax payments are five times the annual real property tax deferred in 2014, spread equally over eight years, plus inflation.
County "rollback" tax is a part of the tax increment. The agreed 50% of the tax increment from rollback thus flows to the TIF project fund
An estimate of Town general sales tax collected from a construction sales office outside TIRZ 1 is calculated in a separate schedule.
Impact fees paid to the Town for development in TIRZ 1 will be credited to the TIF Project Fund. Estimates of annual impact fees are by the Town of Prosper.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)(r)(s)(t)(u)(v)(w)(x)(y)
For Receipts Taxable Captured Real % of Real % of General Sales % to TIF 4Al Sales % of
Appraisals Flow to Real Property Appraised Value Property Tax Town Property Tax County Tax, Except Fund,Tax, Except Town
on Jan. 1,TIF Fund Appraisal (Taxable less Increments @ RP Tax Increments @ RP Tax from Constr.(Does not apply from Constr.4A Real Rollback General Sales General Sales Real Rollback
TIRZ or Sales in by May 1 (from separate 2008 value,$0.52 Increments $0.235 Increments Sales Office to constr. sales Sales Office Sales Tax Property Property Tax, Except Tax from Constr.4A Impact Town Property Property County Cumulative
Year Calendar of Calendar schedule)if positive)per $100 Rate to Fund Tax Rate to Fund @ 1%office volume)@ 0.5%to Fund Tax Tax Constr. Sales Sales Office Sales Tax Fees Total Tax Tax Total Total Total
Base 2008 2009 $4,589,345 $0 $0 0%$0 0%$0 0%$0 0%
1 2009 2010 $0 $0 $0 70%$0 50%$0 40%$0 67%$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2 2010 2011 $0 $0 $0 70%$0 50%$0 40%$0 67%$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
3 2011 2012 $0 $0 $0 70%$0 50%$0 40%$0 67%$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
4 2012 2013 $0 $0 $0 70%$0 50%$0 40%$0 67%$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
5 2013 2014 $0 $0 $0 70%$0 50%$0 40%$0 67%$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
6 2014 2015 $996,552 $0 $0 70%$0 50%$0 40%$0 67%$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
7 2015 2016 $6,048,061 $1,458,716 $7,585 70%$3,428 50%$0 40%$0 67%$5,310 $46,090 $0 $0 $0 $1,421,360 $1,472,760 $1,714 $10,415 $12,129 $1,484,888 $1,484,888
8 2016 2017 $38,265,979 $33,676,634 $175,118 70%$79,140 50%$138,906 40%$69,453 67%$122,583 $47,012 $55,563 $16,015 $46,534 $969,814 $1,257,520 $39,570 $10,623 $50,193 $1,307,713 $2,792,601
9 2017 2018 $75,841,420 $71,252,075 $370,511 70%$167,442 50%$620,804 40%$310,402 67%$259,358 $47,952 $248,322 $18,988 $207,969 $973,714 $1,756,303 $83,721 $10,835 $94,557 $1,850,859 $4,643,460
10 2018 2019 $122,324,854 $117,735,509 $612,225 70%$276,678 50%$1,318,747 40%$659,374 67%$428,557 $48,911 $527,499 $19,368 $441,780 $2,295,070 $3,761,185 $138,339 $11,052 $149,391 $3,910,577 $8,554,037
11 2019 2020 $186,752,182 $182,162,837 $947,247 70%$428,083 50%$1,984,094 40%$992,047 67%$663,073 $49,889 $793,638 $35,424 $664,672 $718,592 $2,925,288 $214,041 $11,273 $225,314 $3,150,602 $11,704,639
12 2020 2021 $228,744,427 $224,155,082 $1,165,606 70%$526,764 50%$2,476,589 40%$1,238,294 67%$815,924 $50,887 $990,635 $14,863 $829,657 $2,703,759 $5,405,726 $263,382 $11,499 $274,881 $5,680,607 $17,385,246
13 2021 2022 $312,827,547 $308,238,202 $1,602,839 70%$724,360 50%$3,176,092 40%$1,588,046 67%$1,121,987 $51,905 $1,270,437 $41,599 $1,063,991 $1,918,823 $5,468,741 $362,180 $11,729 $373,908 $5,842,650 $23,227,896
14 2022 2023 $400,954,070 $396,364,725 $2,061,097 70%$931,457 50%$4,009,562 40%$2,004,781 67%$1,442,768 $52,943 $1,603,825 $42,870 $1,343,203 $2,671,859 $7,157,468 $465,729 $11,963 $477,692 $7,635,160 $30,863,055
15 2023 2024 $469,572,304 $464,982,959 $2,417,911 70%$1,092,710 50%$4,619,420 40%$2,309,710 67%$1,692,538 $0 $1,847,768 $39,022 $1,547,506 $68,300 $5,195,133 $546,355 $0 $546,355 $5,741,488 $36,604,544
16 2024 2025 $474,268,027 $469,678,682 $2,442,329 70%$1,103,745 50%$4,711,808 40%$2,355,904 67%$1,709,630 $0 $1,884,723 $0 $1,578,456 $68,300 $5,241,110 $551,872 $0 $551,872 $5,792,982 $42,397,526
17 2025 2026 $479,010,708 $474,421,363 $2,466,991 70%$1,114,890 50%$4,806,045 40%$2,403,022 67%$1,726,894 $0 $1,922,418 $0 $1,610,025 $102,450 $5,361,787 $557,445 $0 $557,445 $5,919,232 $48,316,757
18 2026 2027 $483,800,815 $479,211,470 $2,491,900 70%$1,126,147 50%$4,902,165 40%$2,451,083 67%$1,744,330 $0 $1,960,866 $0 $1,642,225 $102,450 $5,449,871 $563,073 $0 $563,073 $6,012,945 $54,329,702
19 2027 2028 $488,638,823 $484,049,478 $2,517,057 70%$1,137,516 50%$5,000,209 40%$2,500,104 67%$1,761,940 $0 $2,000,084 $0 $1,675,070 $102,450 $5,539,544 $568,758 $0 $568,758 $6,108,302 $60,438,004
20 2028 2029 $493,525,211 $488,935,866 $2,542,467 70%$1,148,999 50%$5,100,213 40%$2,550,106 67%$1,779,727 $0 $2,040,085 $0 $1,708,571 $102,450 $5,630,833 $574,500 $0 $574,500 $6,205,333 $66,643,336
21 2029 2030 $498,460,463 $493,871,118 $2,568,130 70%$1,160,597 50%$5,202,217 40%$2,601,109 67%$1,797,691 $0 $2,080,887 $0 $1,742,743 $30,735 $5,652,056 $580,299 $0 $580,299 $6,232,354 $72,875,691
22 2030 2031 $503,445,068 $498,855,723 $2,594,050 70%$1,172,311 50%$5,306,262 40%$2,653,131 67%$1,815,835 $0 $2,122,505 $0 $1,777,598 $0 $5,715,937 $586,155 $0 $586,155 $6,302,093 $79,177,783
23 2031 2032 $508,479,519 $503,890,174 $2,620,229 70%$1,184,142 50%$5,412,387 40%$2,706,193 67%$1,834,160 $0 $2,164,955 $0 $1,813,150 $0 $5,812,265 $592,071 $0 $592,071 $6,404,335 $85,582,119
24 2032 2033 $513,564,314 $508,974,969 $2,646,670 70%$1,196,091 50%$5,520,635 40%$2,760,317 67%$1,852,669 $0 $2,208,254 $0 $1,849,413 $0 $5,910,335 $598,046 $0 $598,046 $6,508,381 $92,090,499
25 2033 2034 $518,699,957 $514,110,612 $2,673,375 70%$1,208,160 50%$5,631,047 40%$2,815,524 67%$1,871,363 $0 $2,252,419 $0 $1,886,401 $0 $6,010,182 $604,080 $0 $604,080 $6,614,262 $98,704,762
26 2034 2035 $523,886,957 $519,297,612 $2,700,348 70%$1,220,349 50%$5,743,668 40%$2,871,834 67%$1,890,243 $0 $2,297,467 $0 $1,924,129 $0 $6,111,839 $610,175 $0 $610,175 $6,722,014 $105,426,776
27 2035 2036 $529,125,826 $524,536,481 $2,727,590 70%$1,232,661 50%$5,858,542 40%$2,929,271 67%$1,909,313 $0 $2,343,417 $0 $1,962,611 $0 $6,215,341 $616,330 $0 $616,330 $6,831,671 $112,258,447
28 2036 2037 $534,417,084 $529,827,739 $2,755,104 70%$1,245,095 50%$5,975,712 40%$2,987,856 67%$1,928,573 $0 $2,390,285 $0 $2,001,864 $0 $6,320,722 $622,548 $0 $622,548 $6,943,269 $119,201,716
29 2037 2038 $539,761,255 $535,171,910 $2,782,894 70%$1,257,654 50%$6,095,227 40%$3,047,613 67%$1,948,026 $0 $2,438,091 $0 $2,041,901 $0 $6,428,017 $628,827 $0 $628,827 $7,056,844 $126,258,560
30 2038 2039 $545,158,868 $540,569,523 $2,810,962 70%$1,270,338 50%$6,217,131 40%$3,108,566 67%$1,967,673 $0 $2,486,852 $0 $2,082,739 $0 $6,537,264 $635,169 $0 $635,169 $7,172,434 $133,430,994
31 2039 2040 $550,610,456 $546,021,111 $2,839,310 70%$1,283,150 50%$6,341,474 40%$3,170,737 67%$1,987,517 $0 $2,536,590 $0 $2,124,394 $0 $6,648,500 $641,575 $0 $641,575 $7,290,075 $140,721,069
32 2040 2041 $556,116,561 $551,527,216 $2,867,942 70%$1,296,089 50%$6,468,303 40%$3,234,152 67%$2,007,559 $0 $2,587,321 $0 $2,166,882 $0 $6,761,762 $648,044 $0 $648,044 $7,409,806 $148,130,875
33 2041 2042 $561,677,727 $557,088,382 $2,896,860 70%$1,309,158 50%$6,597,669 40%$3,298,835 67%$2,027,802 $0 $2,639,068 $0 $2,210,219 $0 $6,877,089 $654,579 $0 $654,579 $7,531,667 $155,662,543
34 2042 2043 $567,294,504 $562,705,159 $2,926,067 70%$1,322,357 50%$6,729,623 40%$3,364,811 67%$2,048,247 $0 $2,691,849 $0 $2,254,424 $0 $6,994,519 $661,179 $0 $661,179 $7,655,698 $163,318,241
35 2043 2044 $572,967,449 $568,378,104 $2,955,566 70%$1,335,689 50%$6,864,215 40%$3,432,108 67%$2,068,896 $0 $2,745,686 $0 $2,299,512 $0 $7,114,094 $667,844 $0 $667,844 $7,781,939 $171,100,180
36 2044 2045 $578,697,123 $574,107,778 $2,985,360 70%$1,349,153 50%$7,001,499 40%$3,500,750 67%$2,089,752 $0 $2,800,600 $0 $2,345,502 $0 $7,235,854 $674,577 $0 $674,577 $7,910,431 $179,010,611
37 2045 2046 $584,484,095 $579,894,750 $3,015,453 70%$1,362,753 50%$7,141,529 40%$3,570,765 67%$2,110,817 $0 $2,856,612 $0 $2,392,412 $0 $7,359,841 $681,376 $681,376 $8,041,217 $187,051,828
Total for years 1-37 $69,186,790 $31,267,107 $146,971,795 $73,485,898 $48,430,753 $395,590 $58,788,718 $228,148 $49,235,551 $14,250,126 $171,328,886 $15,633,554 $89,388 $15,722,942 $187,051,828
Forecast Percentages of Tax Increments for TIF Project Fund Derived from Various Tax Sources
Prosper commits to Projects Fund:70%of real property tax increments $48,430,753
100%of rollback real property tax increments $395,590
40%of general sales tax increments $58,788,718
25%of general sales tax from construction sales office $228,148
Town total $107,843,209 62%
Prosper EDC commits to the Projects Fund:67%of 4A tax sales tax $49,235,551 29%
Collin County commits to TIF fund:50%of real property tax increments $15,633,554 9%
Collin County Community College District commits to the TIF fund:0%of taxes $0 0%
Prosper Independent School District commits to the TIF fund:0%of taxes $0 0%
Forecast of gross combined payments to TIF fund:$172,712,314 100%
Real Property Tax Increments Except Rollback Tax)
Town County Town General Sales Tax Town 4A Tax
Tax and Impact Fees to TIF Project Fund
From Town and EDC
Sales Tax Increments
From County
Item 14
Schedule 11:
Forecast of Town Taxes Retained from TIRZ 1 and a Construction Sales Office
After Payments to the TIF Project Fund
Notes:
Forecast components and underlying assumptions are documented in a other schedules.
This schedule does not deduct from retained taxes the municipal expenses for services delivery and capital improvements paid with Town funds other than the TIF Project Fund.
Store sales and related sales tax may displace part of the sales and taxes that would otherwise occur in Prosper.
*The starred column excludes impact fees collected by the Prosper for development in TIRZ 1, but transferred to the TIF Project Fund.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)
Appraisals Town Real Less Town Tax Cumulative
on Jan. 1,Receives Property Tax Real Business Total and EDC Taxes Retained Tax Retained
TIRZ or Sales in Tax (Except Property Tax Personal Property Tax Identified to TIF for Town and for Town and
Year Calendar in Early rollback)Rollback Property Tax General 4A Relief Taxes Project Fund*EDC Use EDC Use
Base 2008 2009 $23,865 $0 $0 $0 $0 $0 $23,865 $0 $23,865
1 2009 2010 $0
2 2010 2011 $0
3 2011 2012 $0
4 2012 2013 $0
5 2013 2014 $0
6 2014 2015 $5,182 $0 $0 $0 $0 $0 $5,182 $0 $5,182 $5,182
7 2015 2016 $77,540 $46,090 $0 $0 $0 $0 $123,630 $1,472,760 -$1,349,130 -$1,343,948
8 2016 2017 $284,858 $47,012 $38,863 $208,578 $104,289 $104,289 $787,888 $1,257,520 -$469,632 -$1,813,580
9 2017 2018 $525,470 $47,952 $83,142 $734,754 $367,377 $367,377 $2,126,073 $1,756,303 $369,770 -$1,443,810
10 2018 2019 $814,178 $48,911 $129,178 $1,318,747 $659,374 $659,374 $3,629,762 $3,761,185 -$131,424 -$1,575,233
11 2019 2020 $1,199,355 $49,889 $178,354 $1,984,094 $992,047 $992,047 $5,395,787 $2,925,288 $2,470,499 $895,266
12 2020 2021 $1,457,390 $50,887 $217,031 $2,476,589 $1,238,294 $1,238,294 $6,678,486 $5,405,726 $1,272,760 $2,168,026
13 2021 2022 $1,956,935 $51,905 $278,327 $3,176,092 $1,588,046 $1,588,046 $8,639,352 $5,468,741 $3,170,610 $5,338,636
14 2022 2023 $2,503,653 $52,943 $365,749 $4,009,562 $2,004,781 $2,004,781 $10,941,470 $7,157,468 $3,784,002 $9,122,638
15 2023 2024 $2,874,096 $0 $432,320 $4,619,420 $2,309,710 $2,309,710 $12,545,257 $5,195,133 $7,350,123 $16,472,762
16 2024 2025 $2,907,160 $0 $440,967 $4,711,808 $2,355,904 $2,355,904 $12,771,744 $5,241,110 $7,530,634 $24,003,396
17 2025 2026 $2,940,642 $0 $449,786 $4,806,045 $2,403,022 $2,403,022 $13,002,517 $5,361,787 $7,640,730 $31,644,126
18 2026 2027 $2,974,546 $0 $458,782 $4,902,165 $2,451,083 $2,451,083 $13,237,659 $5,449,871 $7,787,787 $39,431,914
19 2027 2028 $3,008,879 $0 $467,957 $5,000,209 $2,500,104 $2,500,104 $13,477,254 $5,539,544 $7,937,711 $47,369,624
20 2028 2029 $3,043,648 $0 $477,317 $5,100,213 $2,550,106 $2,550,106 $13,721,390 $5,630,833 $8,090,557 $55,460,182
21 2029 2030 $3,078,857 $0 $486,863 $5,202,217 $2,601,109 $2,601,109 $13,970,155 $5,652,056 $8,318,099 $63,778,281
22 2030 2031 $3,114,514 $0 $496,600 $5,306,262 $2,653,131 $2,653,131 $14,223,638 $5,715,937 $8,507,701 $72,285,981
23 2031 2032 $3,150,626 $0 $506,532 $5,412,387 $2,706,193 $2,706,193 $14,481,931 $5,812,265 $8,669,667 $80,955,648
24 2032 2033 $3,187,197 $0 $516,663 $5,520,635 $2,760,317 $2,760,317 $14,745,129 $5,910,335 $8,834,794 $89,790,442
25 2033 2034 $3,224,236 $0 $526,996 $5,631,047 $2,815,524 $2,815,524 $15,013,326 $6,010,182 $9,003,144 $98,793,586
26 2034 2035 $3,261,748 $0 $537,536 $5,743,668 $2,871,834 $2,871,834 $15,286,620 $6,111,839 $9,174,781 $107,968,367
27 2035 2036 $3,299,741 $0 $548,287 $5,858,542 $2,929,271 $2,929,271 $15,565,111 $6,215,341 $9,349,770 $117,318,137
28 2036 2037 $3,338,221 $0 $559,252 $5,975,712 $2,987,856 $2,987,856 $15,848,898 $6,320,722 $9,528,177 $126,846,314
29 2037 2038 $3,377,196 $0 $570,437 $6,095,227 $3,047,613 $3,047,613 $16,138,087 $6,428,017 $9,710,069 $136,556,383
30 2038 2039 $3,416,672 $0 $581,846 $6,217,131 $3,108,566 $3,108,566 $16,432,781 $6,537,264 $9,895,516 $146,451,899
31 2039 2040 $3,456,658 $0 $593,483 $6,341,474 $3,170,737 $3,170,737 $16,733,088 $6,648,500 $10,084,588 $156,536,487
32 2040 2041 $3,497,159 $0 $605,353 $6,468,303 $3,234,152 $3,234,152 $17,039,118 $6,761,762 $10,277,356 $166,813,844
33 2041 2042 $3,538,184 $0 $617,460 $6,597,669 $3,298,835 $3,298,835 $17,350,982 $6,877,089 $10,473,894 $177,287,738
34 2042 2043 $3,579,740 $0 $629,809 $6,729,623 $3,364,811 $3,364,811 $17,668,795 $6,994,519 $10,674,275 $187,962,013
35 2043 2044 $3,621,836 $0 $642,405 $6,864,215 $3,432,108 $3,432,108 $17,992,671 $7,114,094 $10,878,577 $198,840,590
36 2044 2045 $3,664,478 $0 $655,253 $7,001,499 $3,500,750 $3,500,750 $18,322,731 $7,235,854 $11,086,876 $209,927,466
37 2045 2046 $3,707,676 $0 $668,358 $7,141,529 $3,570,765 $3,570,765 $18,659,093 $7,359,841 $11,299,252 $221,226,718
Total, years 1-37 exc. shaded $84,088,273 $395,590 $13,760,909 $147,155,416 $73,577,708 $73,577,708 $392,555,604 $171,328,886 $221,226,718
and Construction Sales Office
Sales Taxes from TIRZ 1
Item 14
Schedule 12:
Forecast of Collin County Taxes Retained from TIRZ 1 After Payments to the TIF Project Fund
Notes:
Forecast components and underlying assumptions are documented in a other schedules.
This schedule does not deduct from retained taxes the County expenses for services delivery and capital improvements paid with
County funds other than the TIF Project Fund.
The estimate of "rollback" property tax is from another schedule.
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)
Appraisals County Real Tax Cumulative
on Jan. 1,Receives Property Tax Real Business Total Less County Retained Tax Retained
TIRZ or Sales in Tax (Except Property Tax Personal Identified Tax to TIF for County for County
Year Calendar in Early rollback)Rollback Property Tax Taxes Project Fund Use Use
Base 2008 2009 $11,244 $0 $0 $11,244 $0 $11,244
1 2009 2010 $0
2 2010 2011 $0
3 2011 2012 $0
4 2012 2013 $0
5 2013 2014 $0
6 2014 2015 $2,342 $0 $0 $2,342 $0 $2,342 $2,342
7 2015 2016 $14,213 $20,829 $0 $35,042 $12,129 $22,914 $25,255
8 2016 2017 $89,925 $21,246 $17,563 $128,734 $50,193 $78,541 $103,796
9 2017 2018 $178,227 $21,671 $37,574 $237,472 $94,557 $142,915 $246,712
10 2018 2019 $287,463 $22,104 $58,379 $367,946 $149,391 $218,555 $465,267
11 2019 2020 $438,868 $22,546 $80,602 $542,016 $225,314 $316,702 $781,968
12 2020 2021 $537,549 $22,997 $98,082 $658,628 $274,881 $383,747 $1,165,716
13 2021 2022 $735,145 $23,457 $125,782 $884,384 $373,908 $510,476 $1,676,191
14 2022 2023 $942,242 $23,926 $165,291 $1,131,459 $477,692 $653,767 $2,329,959
15 2023 2024 $1,103,495 $0 $195,376 $1,298,870 $546,355 $752,515 $3,082,474
16 2024 2025 $1,114,530 $0 $199,283 $1,313,813 $551,872 $761,940 $3,844,414
17 2025 2026 $1,125,675 $0 $203,269 $1,328,944 $557,445 $771,499 $4,615,913
18 2026 2027 $1,136,932 $0 $207,334 $1,344,266 $563,073 $781,193 $5,397,106
19 2027 2028 $1,148,301 $0 $211,481 $1,359,782 $568,758 $791,024 $6,188,130
20 2028 2029 $1,159,784 $0 $215,710 $1,375,495 $574,500 $800,995 $6,989,125
21 2029 2030 $1,171,382 $0 $220,025 $1,391,407 $580,299 $811,108 $7,800,233
22 2030 2031 $1,183,096 $0 $224,425 $1,407,521 $586,155 $821,365 $8,621,598
23 2031 2032 $1,194,927 $0 $228,914 $1,423,840 $592,071 $831,769 $9,453,368
24 2032 2033 $1,206,876 $0 $233,492 $1,440,368 $598,046 $842,322 $10,295,690
25 2033 2034 $1,218,945 $0 $238,162 $1,457,107 $604,080 $853,027 $11,148,717
26 2034 2035 $1,231,134 $0 $242,925 $1,474,059 $610,175 $863,885 $12,012,601
27 2035 2036 $1,243,446 $0 $247,783 $1,491,229 $616,330 $874,899 $12,887,500
28 2036 2037 $1,255,880 $0 $252,739 $1,508,619 $622,548 $886,072 $13,773,571
29 2037 2038 $1,268,439 $0 $257,794 $1,526,233 $628,827 $897,406 $14,670,977
30 2038 2039 $1,281,123 $0 $262,950 $1,544,073 $635,169 $908,904 $15,579,881
31 2039 2040 $1,293,935 $0 $268,209 $1,562,143 $641,575 $920,568 $16,500,450
32 2040 2041 $1,306,874 $0 $273,573 $1,580,447 $648,044 $932,402 $17,432,852
33 2041 2042 $1,319,943 $0 $279,044 $1,598,987 $654,579 $944,408 $18,377,260
34 2042 2043 $1,333,142 $0 $284,625 $1,617,767 $661,179 $956,589 $19,333,849
35 2043 2044 $1,346,474 $0 $290,318 $1,636,791 $667,844 $968,947 $20,302,796
36 2044 2045 $1,359,938 $0 $296,124 $1,656,062 $674,577 $981,486 $21,284,282
37 2045 2046 $1,373,538 $0 $302,047 $1,675,584 $681,376 $994,208 $22,278,490
Total, years 1-37 exc. shaded $31,603,783 $178,776 $6,218,872 $38,001,431 $15,722,942 $22,278,490
Item 14
Appendix:
Appraisals of Comparable Development in the Dallas-Fort Worth Metropolitan Area
Stein Planning. LLC 9/17/2014
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)(r)(s)
Gross Floor Total per Land per Appraisal Year Bus. Personal BPP per
Use Development Identity City Floor Area Land SF Coverage Improvements Land Total Value SF GFA Land SF Year Built Stories Units Property SF GFA
Mixed use centers
Legacy Town Center 7240 Dallas 111,078 0.00 $176,538 $1,999,404 $2,175,942 $18
5800 Legacy 62,853 140,829 0.45 $8,157,558 $2,112,442 $10,270,000 $163 $15 $1,293,184 $21
5760 Legacy 106,144 218,236 0.49 $21,792,173 $2,618,827 $24,411,000 $230 $12 $1,596,054 $15
7161 Bishop 30,814 52,969 0.58 $3,680,621 $1,059,379 $4,740,000 $154 $20 2002 $890,013 $29
5700 Legacy 20,509 96,834 0.21 $2,734,492 $1,452,508 $4,187,000 $204 $15 2002 $938,180 $46
Angelika, UO, Ginger Man 7205 Bishop 45,960 75,359 0.61 $8,428,618 $1,130,382 $9,559,000 $208 $15 $2,128,583 $46
Retail stores and theater 266,280 695,305 0.38 $44,970,000 $10,372,942 $55,342,942 $208 $15 $6,846,014 $26
7121 Bishop 341,917 124,608 2.74 $44,647,546 $2,242,944 $46,890,490 $137 $18
Marriott Garage 7120 Dallas 0 57,173 0.00 $1,066,040 $1,143,460 $2,209,500 $20
Hotel 341,917 181,780 1.88 $45,713,586 $3,386,404 $49,099,990 $144 $19
office incomplete 7250 Dallas 356,196 161,738 2.20 $16,812,399 $2,911,289 $19,723,688 $55 $18
6900 Dallas 374,300 292,985 1.28 $74,166,515 $5,273,722 $79,440,237 $212 $18
7160 Dallas 159,007 171,278 0.93 $30,544,686 $3,083,003 $33,627,689 $211 $18
Office buildings 889,503 626,000 1.42 $121,523,600 $11,268,014 $132,791,614 $149 $18
7008 Bishop 312,593 200,986 1.56 $32,505,775 $2,411,830 $34,917,605 $112 $12 2005
5760 Daniel 90,122 32,082 2.81 $5,745,002 $802,049 $6,547,051 $73 $25
6901 Hansell 58,886 36,198 1.63 $5,642,092 $904,959 $6,547,051 $111 $25 2006
4751 Martin 135,304 65,776 2.06 $11,169,073 $1,183,961 $12,353,034 $91 $18 1999
5741 Martin 237,306 121,968 1.95 $20,497,333 $1,463,616 $21,960,949 $93 $12
7001 Parkwood 128,573 143,330 0.90 $15,738,845 $1,719,958 $17,458,803 $136 $12
Pearson 0 102,706 0.00 $0 $1,540,587 $1,540,587 $15
5700 Scruggs 92,676 66,211 1.40 $9,587,528 $1,324,224 $10,911,752 $118 $20 2006
5701 Scruggs 53,638 34,482 1.56 $6,776,173 $862,053 $7,638,226 $142 $25 2004
5701 Scruggs 96,347 107,419 0.90 $11,482,818 $1,611,284 $13,094,102 $136 $15 2004
5720 Scruggs 16,526 19,467 0.85 $1,695,676 $486,674 $2,182,350 $132 $25 2004
Multi-family rental dwellings 1,221,971 930,625 1.31 $120,840,315 $14,311,195 $135,151,510 $111 $15
Open space Legacy 0 102,527 0.00 $0 $1,000 $1,000 $0
Legacy Town Center (except Lunsford townhomes)Plano 2,719,671 2,536,237 1.07 $333,047,501 $39,339,555 $372,387,056 $137 $16 2014
907 Bethany 1,004,516 1,245,389 0.81 $83,977,777 $7,472,335 $91,450,112 $91 $6 2007
supermarket 985 Bethany 72,060 186,228 0.39 $6,178,709 $1,117,366 $7,296,075 $101 $6 2007
Watters Creek at Montgmery Farm Allen 1,076,576 1,431,617 0.75 $90,156,486 $8,589,701 $98,746,187 $92 $6 2014
Retail
American Bank of Texas 100 N. Preston 4,989 64,704 0.08 $1,183,483 $873,504 $2,056,987 $412 $14 2004 1 $115,424 $23
offices 110 N. Preston 8,076 32,670 0.25 $1,266,240 $261,360 $1,527,600 $189 $8 2004 1 $272,436 $34
Ernesto's Mexican Rest.120 N. Preston 6,120 34,412 0.18 $933,101 $275,299 $1,208,400 $197 $8 2006 1 $138,406 $23
Sonic 150 N. Preston 1,488 47,045 0.03 $350,006 $564,538 $914,544 $615 $12 2004 1 $44,105 $30
offices 170 N. Preston 9,383 57,495 0.16 $1,364,006 $459,994 $1,824,000 $194 $8 2006 1 $142,142 $15
CVS 201 S. Preston 14,391 81,893 0.18 $1,494,647 $1,801,642 $3,296,289 $229 $22 2007 1 1,255,579 $87
Prosper Town Center total Prosper 44,447 318,219 0.14 $6,591,483 $4,236,337 $10,827,820 $244 $13 2014 $1,968,092 $44
Exxon Tiger Mart / Subway 1099 N. Preston Prosper 6,860 62,208 0.11 $360,014 $1,244,161 $1,604,175 $234 $20 2014 2004 1 $226,221 $33
Mockingbird Village 4550 W. Mockingbird Dallas 78,102 298,168 0.26 $11,499,420 $5,963,360 $17,462,780 $224 $20 2014 2009 1-2 $1,151,320 $15
Sleep Experts, etc 10910 N Central 10,215 45,999 0.22 $778,190 $919,980 $1,698,170 $166 $20 2005 1 $46,500 $5
10910 N Central 0 7,356 0.00 $0 $50,000 $50,000 $7
10910 N Central 13,172 52,141 0.25 $1,209,010 $1,042,820 $2,251,830 $171 $20 2005 1 $200,690 $15
Backyard Burgers 10930 N Central 2,223 19,950 0.11 $1,101,000 $399,000 $1,500,000 $675 $20 2006 1 $240,160 $108
Royal Crossing Shopping Center Dallas 25,610 125,446 0.20 $3,088,200 $2,411,800 $5,500,000 $215 $19 2014 $487,350 $19
MacArthur Mills shopping center 4000 N. MacArthur Irving 137,223 572,269 0.24 $17,777,310 $5,722,690 $23,500,000 $171 $10 2014 1987
Allen Premium Outlets 820 W. Stacy Allen 480,950 2,027,587 0.24 $64,820,682 $13,179,318 $78,000,000 $162 $7 2014 2001 1 $29,929,284 $62
The purpose of this schedule is to relate actual appraisals for tax purposes and other quantitative measures of comparable development in the metropolitan area.
Real property appraisals are for tax year 2014, reflecting values as of January 1, 2014, unless otherwise indicated. Within use types, properties are sorted in descending order of total appraised value per SF of GFA.
Improvement appraisals include garages, if on the premises. Gross floor area measurements exclude parking garages.
Street Address
Item 14
Appendix:
Appraisals of Comparable Development in the Dallas-Fort Worth Metropolitan Area
Stein Planning. LLC 9/17/2014
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)(r)(s)
Gross Floor Total per Land per Appraisal Year Bus. Personal BPP per
Use Development Identity City Floor Area Land SF Coverage Improvements Land Total Value SF GFA Land SF Year Built Stories Units Property SF GFAStreet Address
Rockwall Towne Center, Ph 3 710 E I30 Rockwall 16,660 82,572 0.20 $1,658,350 $1,032,150 $2,690,500 $161 $13 2014 2003
Mockingbird Central Plaza 5400 Mockingbird Dallas 81,960 179,641 0.46 $3,735,160 $8,982,050 $12,717,210 $155 $50 2014 1985 2 $1,954,200 $24
Oaktree Plaza Shopping Center 1447 S Loop 288 Denton 69,406 324,086 0.21 $6,714,027 $3,889,032 $10,603,059 $153 $12 2014 1998 1
Stonebriar Mall dept. stores (5)884,477 2,475,763 0.36 $23,970,031 $24,757,630 $48,727,661 $55 $10
Other mall stores inside ring road 1,232,169 2,147,726 0.57 $231,841,660 $21,958,340 $253,800,000 $206 $10
Stonebriar Mall outside ring road 525,865 3,661,545 0.14 $47,270,897 $53,081,085 $100,351,982 $191 $14
Stonebriar Mall total Frisco 2,642,511 8,285,034 0.32 $303,082,588 $99,797,055 $402,879,643 $152 $12 2014 2000
South Frisco Village 2930 Preston Frisco 234,866 1,092,703 0.21 $25,608,376 $8,741,624 $34,350,000 $146 $8 2014 2001 $8,590,548 $37
vacant Preston 0 147,276 0.00 $0 $441,829 $441,829 $3 $0 N.A.
Taco Bell 6929 Preston 2,906 31,581 0.09 $430,723 $505,296 $936,019 $322 $16 1997 $66,795 $23
Aldi 6951 Preston 56,095 231,696 0.24 $1,604,759 $1,621,872 $3,226,631 $58 $7 1996 $460,974 $8
Republic Title 7055 Preston 5,004 43,124 0.12 $390,527 $689,984 $1,080,511 $216 $16 1997 $28,427 $6
Starbucks, AT&T, Robertson Pools 7135 Preston 5,234 42,253 0.12 $731,350 $635,795 $1,367,145 $261 $15 2002 $169,566 $32
Hallmark, Le Peep, offices 7151 Preston 49,250 267,502 0.18 $5,938,507 $1,858,794 $7,797,301 $158 $7 1996 $614,462 $12
Wendy's 7201 Preston 2,988 32,975 0.09 $508,100 $527,600 $1,035,700 $347 $16 1999 $134,563 $45
Seven Eleven 7225 Preston 3,004 39,857 0.08 $153,392 $956,568 $1,109,960 $369 $24 1997 $358,675 $119
Primamed Physicians 7227 Preston 4,593 28,575 0.16 $577,948 $385,763 $963,711 $210 $14 1997 $87,755 $19
Preston Stonebrook Center total Frisco 129,074 864,839 0.15 $10,335,306 $7,623,501 $17,958,807 $139 $9 2014 $1,921,217 $15
Chase Bank 908 McDermott W.4,485 52,485 0.09 $652,930 $970,973 $1,623,903 $362 $18 1999 $341,939 $76
Hobby Lobby, Fed Ex 107 Central N.135,221 504,826 0.27 $14,718,718 $3,533,782 $18,252,500 $135 $7 1999 $972,640 $7
Compass Bank, Gamestop 806 McDermott W.2,607 54,886 0.05 $427,324 $987,948 $1,415,272 $543 $18 1999 $203,665 $78
Jack in the Box 804 McDermott W.2,799 35,092 0.08 $440,657 $666,748 $1,107,405 $396 $19 1999 $113,157 $40
Texaco 802 McDermott W.3,915 56,192 0.07 $167,563 $1,180,040 $1,347,603 $344 $21 1999 $186,953 $48
Chipotle Mexican Grill 103 Central N.4,683 40,946 0.11 $530,439 $777,974 $1,308,413 $279 $19 2000 $92,111 $20
Stacy's Furniture, etc.111 Central N.125,370 447,453 0.28 $5,484,029 $3,355,898 $8,839,927 $71 $8 1999 $282,298 $2
Arby's 201 Central N.2,950 35,589 0.08 $370,814 $605,013 $975,827 $331 $17 1999 $63,033 $21
Holiday Inn Express 205 Central N.50,523 92,430 0.55 $3,040,840 $785,655 $3,826,495 $76 $9 2006 $2,550 $0
On the Border 213 Central N.7,200 66,054 0.11 $786,144 $1,122,918 $1,909,062 $265 $17 2000 $208,623 $29
Edwin Watts Golf 209 Central N.4,188 23,435 0.18 $307,734 $398,395 $706,129 $169 $17 2001 $306,970 $73
Jason's Deli, misc. retail 906 McDermott W.29,259 186,380 0.16 $3,227,840 $1,304,660 $4,532,500 $155 $7 1999 $967,913 $33
Tom Thumb 900 McDermott W.59,964 267,350 0.22 $3,292,936 $2,005,125 $5,298,061 $88 $8 1999 $2,485,933 $41
914 McDermott W.7,500 29,664 0.25 $1,210,712 $504,288 $1,715,000 $229 $17 2000
Chik-Fil-A 902 McDermott W.3,910 32,247 0.12 $702,442 $548,199 $1,250,641 $320 $17 1999 $182,777 $47
Mimi's Café 810 McDermott W.6,600 52,904 0.12 $873,025 $925,820 $1,798,845 $273 $18 2000 $396,052 $60
24-Hour Fitness 510 Watters N.38,485 146,017 0.26 $4,299,786 $803,096 $5,102,882 $133 $5 2002 $305,087 $8
vacant 504 Watters N.0 55,452 0.00 $0 $304,985 $304,985 $5 $0 N.A.
McDermott @ Central (NW corner)Allen 489,659 2,179,403 0.22 $40,533,933 $20,781,517 $61,315,450 $125 $10 2014 $7,111,701 $15
Willow Bend Mall dept. stores (4)723,629 731,322 0.99 $25,954,830 $8,647,683 $34,602,513 $48 $12
Other mall stores 856,870 2,684,450 0.32 $115,737,128 $26,844,504 $142,581,632 $166 $10
Park Blvd. pad sites 50,628 435,252 0.12 $7,372,257 $11,127,991 $18,500,248 $365 $26
Willow Bend Mall total Plano 1,631,127 3,851,024 0.42 $149,064,215 $46,620,178 $195,684,393 $120 $12 2014 2000
Rockwall Towne Center, Ph 4 2455 Ridge Rockwall 57,303 334,541 0.17 $3,940,270 $2,843,600 $6,783,870 $118 $9 2014 2005
Tom Thumb 4848 Preston Frisco 63,369 276,044 0.23 $3,284,060 $2,208,352 $5,492,412 $87 $8 2014 1999 $2,800,446 $44
Wal-Mart Supercenter 1721 Custer N.McKinney 207,873 1,003,348 0.21 $10,743,300 $6,512,090 $17,255,390 $83 $6 2014 2006 $8,427,683 $41
Brookshire's 1325 White Anna 44,828 261,796 0.17 $2,417,328 $1,308,978 $3,726,306 $83 $5 2014 2006 $2,221,532 $50
Brookshire's 675 Sunset Celina 45,786 302,089 0.15 $2,382,036 $1,359,399 $3,741,435 $82 $4 2014 2006 $1,686,147 $37
Costco 1701 Dallas Plano 159,547 682,324 0.23 $2,864,437 $10,234,860 $13,099,297 $82 $15 2014 2001 $11,703,723 $73
Item 14
Appendix:
Appraisals of Comparable Development in the Dallas-Fort Worth Metropolitan Area
Stein Planning. LLC 9/17/2014
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)(r)(s)
Gross Floor Total per Land per Appraisal Year Bus. Personal BPP per
Use Development Identity City Floor Area Land SF Coverage Improvements Land Total Value SF GFA Land SF Year Built Stories Units Property SF GFAStreet Address
Costco 3800 Central N.Plano 151,761 716,998 0.21 $6,781,017 $5,018,983 $11,800,000 $78 $7 2014 2000 $10,985,059 $72
Wal-Mart Supercenter 6000 Coit Plano 112,965 545,241 0.21 $5,253,509 $3,544,067 $8,797,576 $78 $7 2014 2000 $4,950,064 $44
Wal-Mart Supercenter 6001 Central N.Plano 208,390 840,621 0.25 $8,565,057 $6,724,967 $15,290,024 $73 $8 2014 1994 $8,564,401 $41
Wal-Mart Supercenter 8801 Ohio Plano 224,132 934,645 0.24 $8,232,185 $7,477,160 $15,709,345 $70 $8 2014 2000 $8,098,520 $36
Restaurants
Applebee's 1820 University W.McKinney 5,489 72,092 0.08 $609,888 $1,297,656 $1,907,544 $348 $18 2014 1993 $135,174 $25
Red Lobster 3056 Preston Frisco 7,087 74,226 0.10 $859,049 $1,484,520 $2,343,569 $331 $20 2014 2001 $280,858 $40
Chili's 1610 N. Cockrell Hill Dallas 5,844 85,072 0.07 $635,920 $1,280,080 $1,916,000 $328 $15 2014 2004 $268,530 $46
Blue Mesa 8200 Dallas Plano 7,701 76,361 0.10 $1,090,682 $1,527,214 $2,617,896 $340 $20 2014 2001 $90,821 $12
Olive Garden 2886 Preston Frisco 8,144 76,666 0.11 $966,099 $1,533,320 $2,499,419 $307 $20 2014 2001 $269,563 $33
Buca di Beppo 8580 S. H. 121 Frisco 7,781 60,113 0.13 $1,055,693 $1,202,260 $2,257,953 $290 $20 2014 2001 $139,073 $18
On the Border 5000 S. H. 121 Plano 7,320 66,603 0.11 $818,863 $1,198,854 $2,017,717 $276 $18 2014 1998 $172,965 $24
Joe's Crab Shack 3320 Central Plano 7,747 87,120 0.09 $828,487 $1,219,680 $2,048,167 $264 $14 2014 1997 $218,214 $28
On the Border 1505 Central Plano 8,000 84,175 0.10 $655,573 $1,157,406 $1,812,979 $227 $14 2014 1992 $257,666 $32
BJ's Brewhouse and Pub 1101 Central Plano 7,834 34,400 0.23 $1,096,411 $481,600 $1,578,011 $201 $14 2014 2004 $989,811 $126
TGI Friday's 901 Central Plano 9,267 64,251 0.14 $444,788 $867,389 $1,312,177 $142 $14 2014 1982 $424,682 $46
Banks
Bank of America 5636 Lemmon Dallas 4,614 29,425 0.16 $1,355,190 $1,177,000 $2,532,190 $549 $40 2014 2009 $265,420 $58
Wells Fargo 3411 Inwood Dallas 4,129 32,160 0.13 $984,900 $964,800 $1,949,700 $472 $30 2014 2007 $192,960 $47
Cinema
Look Cinema, Coal Vines, etc.11170 Belt Line Dallas 60,061 259,809 0.23 $8,823,780 $5,196,180 $14,019,960 $233 $20 2014 2012 $3,923,880 $65
Cinemark Theater 7201 Central Plano 100,530 856,825 0.12 $8,644,569 $5,355,431 $14,000,000 $139 $6 2014 1998 $1,439,981 $14
Cinemark Theater 1701 Central S.McKinney 55,744 385,201 0.14 $3,505,914 $2,664,086 $6,170,000 $111 $7 2014 1994 $384,172 $7
AMC Mesquite 30 19919 LBJ Mesquite 130,891 1,028,451 0.13 $11,621,210 $2,056,900 $13,678,110 $105 $2 2014 1997 $3,104,350 $24
Studio Movie Grill 11170 N. Central Dallas 59,829 222,178 0.27 $1,478,210 $4,443,620 $5,921,830 $99 $20 2014 1993 $2,275,670 $38
Office buildings
Texas Health Resources Center 7115 Greenville Dallas 87,621 159,425 0.55 $19,086,900 $1,913,100 $21,000,000 $240 $12 2014 2002 4 $8,016,110 $91
2100 McKinney 2100 McKinney Dallas 374,654 136,491 2.74 $68,132,100 $16,378,920 $84,511,020 $226 $120 2014 1998 13 $8,349,040 $22
Knox Park Village 3001 Knox Dallas 82,581 87,172 0.95 $9,726,400 $4,358,600 $14,085,000 $171 $50 2014 2002 4 $1,534,810 $19
Hall Office Park (developed tracts only)Frisco 2,009,099 5,464,122 0.37 $266,010,978 $38,919,522 $304,930,500 $152 $7 2013
Item 14
Appendix:
Appraisals of Comparable Development in the Dallas-Fort Worth Metropolitan Area
Stein Planning. LLC 9/17/2014
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)(r)(s)
Gross Floor Total per Land per Appraisal Year Bus. Personal BPP per
Use Development Identity City Floor Area Land SF Coverage Improvements Land Total Value SF GFA Land SF Year Built Stories Units Property SF GFAStreet Address
Lakeside Office Park @ Preston Wa 6351 Preston Frisco 41,810 207,128 0.20 $4,738,913 $1,470,607 $6,209,520 $149 $7 2014 2005 $1,039,650 $25
Chase Tower 2200 Ross Dallas 1,253,167 111,993 11.19 $174,253,890 $8,399,480 $182,653,370 $146 $75 2014 1985 55 $26,747,200 $21
Trammell Crow Center 2001 Ross Dallas 1,245,324 95,048 13.10 $162,871,400 $7,128,900 $170,000,300 $137 $75 2014 1982 54 $22,650,010 $18
Facial Surgery Center 6101 Chapel Hill Plano 27,100 103,220 0.26 $2,377,607 $1,238,628 $3,616,235 $133 $12 2014 2003 $570,098 $21
1845 Woodall Rodgers 1845 Woodall Rodgers Dallas 185,007 36,190 5.11 $19,592,299 $4,342,800 $23,935,099 $129 $120 2014 1984 17 $2,347,240 $13
5201 N. O'Connor 32,887 81,478 0.40 $6,653,260 $977,740 $7,631,000 $232 $12 1981 3
5205 N. O'Connor 411,592 222,967 1.85 $51,065,400 $2,675,600 $53,741,000 $131 $12 1981 14
5215 N. O'Connor 735,258 210,408 3.49 $87,718,100 $2,524,900 $90,243,000 $123 $12 1981 28
5221 N. O'Connor 411,592 157,408 2.61 $51,496,100 $1,888,900 $53,385,000 $130 $12 1981 14
Williams Center Irving 1,591,329 672,261 2.37 $196,932,860 $8,067,140 $205,000,000 $129 $12 2014
Fountain Place 1445 Ross Dallas 1,297,418 78,848 16.45 $148,902,810 $6,702,080 $155,604,890 $120 $85 2014 1984 60
740 East Campbell 740 E. Campbell Richardson 178,700 116,305 1.54 $17,773,040 $926,960 $18,700,000 $105 $8 2014 1986 10 $3,612,700 $20
100 North Central 100 N.Central Richardson 208,211 487,893 0.43 $8,136,200 $4,878,930 $13,015,130 $63 $10 2014 1975 12
Residences, rental
Alta Uptown 2728 McKinnon Dallas 373,681 94,960 3.94 $73,160,000 $6,172,400 $79,332,400 $212 $65 2014 2007 19 375
Windsor at Trianon 2820 McKinnon Dallas 340,538 181,724 1.87 $55,799,940 $11,812,060 $67,612,000 $199 $65 2014 2004 4 317
Ashton 2215 Cedar Springs Dallas 390,770 96,790 4.04 $68,708,650 $6,291,350 $75,000,000 $192 $65 2014 2003 18 267
Marquis on McKinney 3324 McKinney Dallas 141,392 39,814 3.55 $21,878,600 $3,561,400 $25,440,000 $180 $89 2014 2002 7 144
Pavilion Townplace 7700 W. Greenway Dallas 327,016 446,555 0.73 $42,534,350 $13,465,650 $56,000,000 $171 $30 2014 2001 3 273
The Mondrian 3000 Blackburn Dallas 361,984 123,275 2.94 $50,230,750 $8,629,250 $58,860,000 $163 $70 2014 2003 20 218
Gables Ellis Street 3101 State Dallas 118,211 116,819 1.01 $10,265,170 $8,761,430 $19,026,600 $161 $75 2014 2001 3 82
Arts 2611 Ross Dallas 215,819 63,858 3.38 $28,453,230 $4,150,770 $32,604,000 $151 $65 2014 2008 5 228
Hi Line Apartments 1551 Oak Lawn Dallas 343,060 214,489 1.60 $44,913,250 $3,217,340 $48,130,590 $140 $15 2014 2008 4 355
Rovello 2610 Allen Dallas 397,294 132,117 3.01 $42,041,430 $9,908,780 $51,950,210 $131 $75 2014 1999 7 290
Legacy Apartments - North 7560 Bishop Plano 328,176 295,772 1.11 $36,774,527 $2,218,293 $38,992,820 $119 $8 2014 2007
Cityville Oak Park 5150 Bowser Dallas 204,905 134,165 1.53 $20,018,050 $4,024,950 $24,043,000 $117 $30 2014 2008 5 171
Canal Side Lofts 350 E. Las Colinas Irving 324,749 216,650 1.50 $34,426,000 $2,600,000 $37,026,000 $114 $12 2014 2005 306
Legacy Apartments - UDR 7008 Bishop Plano 312,593 200,986 1.56 $32,505,775 $2,411,830 $34,917,605 $112 $12 2014 2005
Cypress Lake at Stonebriar 8404 Warren Frisco 455,307 1,208,742 0.38 $40,954,927 $9,482,873 $50,437,800 $111 $8 2014 2001
Northbridge at the Village 8603 Southwestern Dallas 355,524 715,125 0.50 $26,513,120 $10,726,880 $37,240,000 $105 $15 2014 1999 3 392
Galatyn Urban Center 2301 Performance Richardson 364,798 195,236 1.87 $35,028,580 $1,171,420 $36,200,000 $99 $6 2014 2007 4 278
1801 N. Greenville 404,719 245,678 1.65 $37,808,290 $1,965,420 $39,773,710 $98 $8 4 351
1851 N. Greenville 89,689 86,249 1.04 $8,550,010 $689,990 $9,240,000 $103 $8 4 84
Post Eastside Richardson 494,408 331,927 1.49 $46,358,300 $2,655,410 $49,013,710 $99 $8 2014 2007 4 435
Item 14
Appendix:
Appraisals of Comparable Development in the Dallas-Fort Worth Metropolitan Area
Stein Planning. LLC 9/17/2014
(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)(r)(s)
Gross Floor Total per Land per Appraisal Year Bus. Personal BPP per
Use Development Identity City Floor Area Land SF Coverage Improvements Land Total Value SF GFA Land SF Year Built Stories Units Property SF GFAStreet Address
The Gates at Allen Station 505 Exchange Allen 325,956 754,851 0.43 $26,049,103 $4,529,107 $30,578,210 $94 $6 2014 2006 3
Alta Cobb Hill 6000 Eldorado Frisco 360,589 1,001,401 0.36 $26,878,195 $6,008,405 $32,886,600 $91 $6 2014 2008 4 340
Estancia at Ridgeview Ranch 10200 Independence Plano 537,872 1,580,479 0.34 $41,521,552 $6,321,915 $47,843,467 $89 $4 2014 2006
Jefferson at Park Central 11903 Coit Dallas 540,919 603,524 0.90 $32,122,500 $14,484,580 $46,607,080 $86 $24 2014 1999 3 764
1404 Vontress Plano 195,862 96,834 2.02 $12,670,847 $2,420,847 $15,091,694 $77 $25 2001
1404 Vontress Plano 49,305 28,218 1.75 $4,790,605 $567,151 $5,357,756 $109 $20 2001
Eastside Village Phase 2 245,167 125,052 1.96 $17,461,452 $2,987,998 $20,449,450 $83 $24 2014 2001
Colonnade at Willow Bend 1100 Meredith Plano 256,464 670,824 0.38 $14,315,789 $4,024,944 $18,340,733 $72 $6 2014 1993
Kia Ora Park 9300 Coit Plano 329,341 664,682 0.50 $19,011,908 $3,988,092 $23,000,000 $70 $6 2014 2006
Grand Estates of Prosper 980 S. Coit Prosper 272,584 845,086 0.32 $14,334,092 $3,380,343 $17,714,435 $65 $4 2014 2008 2 308
Times Square at Craig Ranch 7951 Collin McKinney McKinney 483,386 201,160 2.40 $28,286,132 $2,011,601 $30,297,733 $63 $10 2014 2007
Item 14