01.23.2024 TIRZ No. 1 Meeting PresentationWelcome to the January 23, 2024,
Prosper TIRZ No. 1
Board of Directors Meeting
Call to Order/Roll Call
Agenda Item 1.
Consider and act upon the minutes of the January 24, 2023, TIRZ No. 1
Board of Directors meeting. (MLS)
Agenda Item 2.
Receive the 2023 Annual Report. (CL/HW)
TIRZ No. 1
(Gates of Prosper)
TIRZ #1 BOUNDARY MAP
PUBLIC INFRASTRUCTURE / BUILDING PROJECTS
TIRZ #1 STATUS
ID Business Name Area
The Joint Chiropractor 1,360
Sephora 4,241
Urgent Vet 2,325
Runaway Fashion Haus 3,903
Specs Wine 12,648
Love Sac 2,054
Journey’s 2,161
Fish City Grill 3,176
TOTAL Square Footage 30,508
Journey’s
Specs Wine
CO During Reporting Period
Love Sac
The Joint Chiropractor
Sephora
Urgeny VetRunaway Fashion Haus
Fish City Grill
Multi-Family:
Leasing Office
Residential
Gates MF: Leasing Office
ID Business Name
Alloy Fitness
La Madeleine
Rally House
Target
Target
US HIGHWAY 380
Received a CO After Reporting Period
Alloy Fitness
La Madeleine
Rally House
Multi-Family:
Buildings 1-5
(145 units)
Residential
Gates MF: 145 of 344 units
ID On Going
Gates MF: 199 of 344 units
Starview SF: 181 lots
NOT Yet Permitted
Claire’s
Dutch Bros
Frost Bank
Home2 Suites: 119 guest rooms
Outback Steakhouse
On Going and, NOT Yet Permitted
Claire’s
Single-Family:
181 lots
Multi-Family:
Buildings 6-16
(199 units)
Outback Steakhouse
Home2 Suites
Frost Bank
Dutch Bros
CAPITAL IMPROVEMENT PLAN BUDGET
Reimbursement Request No. 9 – June 1, 2023
TIRZ FUND FINANCIAL STATEMENT
Revenues
TIRZ FUND FINANCIAL STATEMENT
Expenditures
REVENUES & EXPENDITURES
By Payments Made:
$39,722,840 of $57,909,475 Maximum Construction Costs Reimbursement
$42,754,381 of $93,079,000 Maximum Construction Cost Plus Interest Reimbursement
TIRZ #1 PROPERTY TAX ROLLBACK
REVENUES & EXPENDITURES
Property Tax Revenue
710,455
699,531 774,735
32,655,287
40,776,072
85,934,558
110,647,781
139,795,335
176,214,096
231,419,868
-
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
2014201520162017201820192020202120222023Appraised Value
Appraised Value
612,991
810,076
144,308 172,956
2,573,254
3,339,157
3,330,554
4,322,189
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
Property Tax Revenue
Town County PISD Total
Adjourn