06.25.24 Town Council Meeting PresentationWelcome to the June 25, 2024,
Prosper Town Council Meeting
Call to Order/Roll Call
Invocation, Pledge of Allegiance, and Pledge to the
Texas Flag
Pledge to the Texas Flag
Honor the Texas flag; I pledge allegiance to thee,
Texas, one state under God, one and indivisible.
Announcements
Presentations
Agenda Item 1.
Recognize the finalists and the winner of the Downtown Logo
Competition. (RB)
Finalist:
Addy Boswell
Prestonwood Christian Academy
10th Grade
Finalist:
Alexandria Robison
Walnut Grove High School
10th Grade
Finalist:
Lea Canepa
Walnut Grove High School
9th Grade
Winner:
Destiny Donald
Prestonwood Christian Academy
9th Grade
Consent Agenda
Agenda Item 2.
Consider and act upon the minutes from the June 11 , 2024, Town
Council Regular meeting. (MLS)
Agenda Item 3.
Consider and act upon the minutes from the June 13, 2024, Town
Council and Prosper Economic Development Corporation Joint
Work Session meeting. (MLS)
Agenda Item 4.
Consider acceptance of the May 2024 monthly financial report.
(CL)
Agenda Item 5.
Consider approval of revisions to the Town of Prosper Financial
Policies Chapter 12-Vehicle Equipment and Replacement Fund,
Chapter 13, Fund Balance Policy, Chapter 15-Debt Management
Policy, Chapter 17- Financial Management Policies, and the
creation of a Summary of Financial Policies. (CL)
Agenda Item 6.
Consider and act upon authorizing the purchase of ClearGov
Budget Suite and Digital Budget Book Software in the amount of
42,500. (CL)
Agenda Item 7.
Consider and act upon authorizing the purchase of meter
transmission units (MTUs) and data collector units (DCUs) for use
with water meters from Aclara Technologies, LLC, in the amount
of $150,000. (CJ)
Agenda Item 8.
Consider and act upon authorizing the Town Manager to approve
the purchase of nine (9) Motorola In-Car Video Systems (MVRs)
from Motorola Solutions, Inc. for Police Department Patrol
Vehicles for $78,044. (DK)
Agenda Item 9.
Consider and act upon a resolution authorizing the Town
Manager, and/or his/her designee, to apply for three 2024 Collin
County Project Funding Assistance Program Grants for the Pecan
Grove Trail, Raymond Community Park Trail, and Whitley Place
Pavilion projects, and approve the authorization to accept the
three 2024 Collin County Project Funding Assistance Program
Grants, if awarded. (DB)
PARD Projects – Grant Applications
Collin County Project Funding Assistance Program
•Must provide matching funds
•Application submittal deadline – July 8, 2024
•Grant Awards – begin October 2024
•Projects and grant amounts being submitted:
•Pecan Grove Park Trail Connection $120,000
•Raymond Community Park Trail $400,000
•Whitley Place Pavilion $100,000
Agenda Item 10.
Consider and act upon authorizing the Town Manager to execute
a Professional Services Agreement between Teague Nall and
Perkins, Inc. and the Town of Prosper, Texas, for design services
and preparation of construction documents for the Downtown Park
Project (Project #2319-PK) for $105,700. (DB)
Design Amenities
•Loop Trail
•Small Playground
•Picnic Cells
Schedule
•Notice to proceed July 15, 2024
•50% CD’s Sept / Oct 2024
•90% Design Nov / Dec 2024
•100% CD’s Jan / Feb 2025
•Bid and Construction Phase Services March – July 2025
Agenda Item 11.
Consider and act upon authorizing the Town Manager to execute
a Professional Engineering Services Agreement between Garver,
LLC, and the Town of Prosper, Texas, related to the design of the
Coleman Street (First Street – Gorgeous Road) project for
$660,000. (PA)
Agenda Item 12.
Consider and act upon authorizing the Town Manager to execute
a Professional Engineering Services Agreement between Freese
and Nichols, Inc., and the Town of Prosper, Texas, related to the
design of the Custer Road 6MG Ground Storage Tank project for
$599,500. (PA)
Citizen Comments
Regular Agenda
Pursuant to Section 551.007 of the Texas Government Code,
individuals wishing to address the Council for items listed as public
hearings will be recognized when the public hearing is opened.
Agenda Item 13.
Consider and act upon authorizing the Town Manager to
execute documents for the emergency repair of Coit Road north
of First Street for $74,163.52. (HW)
Agenda Item 14.
Consider and act upon an ordinance establishing a Homestead
Tax Exemption. (CL)
Homestead Exemption Eligibility
•Applies to residential property where the taxpayer owns and
occupies the property as their principal place of residence
•Residence Homestead Exemption Application submitted to
Central Appraisal District by April 30 of the year for which the
exemption is requested.
•Collincad.org – Collin County Residents
•Dentoncad.com – Denton County Residents
Homestead Exemption Consideration
•This optional homestead exemption cannot be less than $5,000
or greater than twenty percent of the qualifying property’s
assessed value. - 20% ($5,000 min.)
•Current exemption - 15% ($5,000 min.)
•Finance Subcommittee recommended increase to 17.5%
($5,000 min.)
•Total homestead savings of $1,159,628 combined, average
savings per homestead property owner is $111.31
•Effective for property taxes due in 2025 if submitted by July 1
Homestead Exemption History
Fiscal Year Homestead Exemption Rate
2025 Proposed 17.5% ($5,000 min.)
2024 15.0% ($5,000 min.)
2023 12.5% ($5,000 min.)
2022 10.0% ($5,000 min.)
2021 10.0% ($5,000 min.)
2020 10.0% ($5,000 min.)
2019 10.0% ($5,000 min.)
2018 10.0% ($5,000 min.)
2017 7.5% ($5,000 min.)
Homestead Exemption Benchmark
Entity Homestead Exemption Rate
Anna 3.0% ($5,000 min.)
Celina No Homestead Exemption
Coppell 5.0% ($5,000 min.)
Flower Mound 12.5% ($5,000 min.)
Frisco 15.0% ($5,000 min.)
Keller 20.0% ($5,000 min.)
Little Elm No Homestead Exemption
McKinney No Homestead Exemption
Southlake 7.5% ($5,000 min.)
Prosper (Current)15.0% ($5,000 min.)
Prosper (Preliminary)17.5% ($5,000 min.)
Agenda Item 15.
Discuss and consider Town Council Subcommittee reports. (DFB)
Possibly direct Town Staff to schedule topic(s) for
discussion at a future meeting.
Executive Session
Section 551.087 – To discuss and consider economic development incentives and all
matters incident and related thereto.
Section 551.072 – To discuss and consider the purchase, exchange, lease, or value of
real property for municipal purposes and all matters incident and related thereto.
Section 551.074 – To discuss and consider personnel matters and all matters incident
and related thereto.
Section 551.071 - To consult with the Town Attorney regarding legal issues associated
with code enforcement activities and substandard structures, and all matters incident and
related thereto.
Section 551.074 - To discuss appointments to the Board of Adjustment/Construction
Board of Appeals, Parks & Recreation Board, Library Board, Prosper Economic
Development Corporation Board, Planning & Zoning Commission, Community
Engagement Committee, and the Downtown Advisory Committee, and all matters incident
and related thereto.
The Town Council will reconvene after Executive
Session.
Reconvene into Regular Session and take any
action necessary as a result of the Closed Session.
Adjourn