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08.13.24 Town Council Meeting PresentationWelcome to the August 13, 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 Consent Agenda Agenda Item 1. Consider and act upon the minutes from the July 23, 2024, Town Council Work Session meeting. (MLS) Agenda Item 2. Consider and act upon the minutes from the July 23, 2024, Town Council Regular meeting. (MLS) Agenda Item 3. Consider and act upon the minutes from the July 30, 2024, Town Council Work Session meeting. (MLS) Agenda Item 4. Receive the Quarterly Investment Report for June 30, 2024. (CL) Agenda Item 5. Consider and act upon authorizing the Town Manager to execute an audit engagement letter between Weaver and Tidwell, L.L.P., and the Town of Prosper, Texas, related to the fiscal year 2024 annual audit. (CL) Agenda Item 6. Consider and act upon an ordinance amending the Fee Schedule for Emergency Medical Services (EMS) rates. (SB) Agenda Item 7. Consider and act upon authorizing the Town Manager to execute documents for the emergency repairs of water supply pumps by Global Pump Solutions LLC estimated not to exceed $150,000. (CJ) Agenda Item 8. Consider and act upon authorizing the Town Manager to approve $600,000 in expenditures under the existing contract with WOPAC Construction, Inc., (WOPAC) Bid No. 2019-53-A, for miscellaneous concrete replacement and repair services. (CJ) Agenda Item 9. Consider and act upon authorizing the Town Manager to execute a Professional Services Agreement between Geotex Engineering LLC, and the Town of Prosper, Texas, related to professional construction materials testing and observation services for the Prosper Lower Pressure Plane Phase 2A project for $102,820. (PA) Professional Construction Materials Testing & Observation Services Agreement NTE: $102,820.00 Recommendation: Geotex Engineering, LLC Coit Road Custer Road US 380 Richland Blvd Agenda Item 10. Consider and act upon an ordinance amending Section 3.14.012(2)(H) of the Town's Code of Ordinances as it relates to Political Signs. (MLS) Agenda Item 11. Consider and act upon an ordinance amending Chapter 1, “General Provisions,” of the Town of Prosper Code of Ordinances by adopting a new Article 1.11 , “Downtown Prosper Entertainment District.” (DH) Agenda Item 12. Consider and act upon an ordinance amending Chapter 6, “Health and Sanitation,” of the Town of Prosper Code of Ordinances by amending the definitions of Article 6.03, “Maintenance of Property,” and adding new Subsections (c) and (d) to Section 6.03.002, “Regulation of Weeds, Rubbish, Brush, and Other Objectionable, Unsightly, or Unsanitary Matter.” (DH) Agenda Item 13. Consider and act upon whether to direct staff to submit a written notice of appeals 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 Preliminary Site Plans and Site Plans. (DH) Information Purpose: •Construct six commercial buildings totaling 124,781 square feet. •Medical/Professional Office Building (Two-Story) •Restaurant/Retail Buildings (3) •Retail Buildings (2) Information Cont. Phasing: •Phase 1 (Lots 1-2) •Retail Building (11,075 SF) – Lot 1 •Restaurant/Retail Building (17,265 SF) – Lot 2 •Phase 2 (Lot 3) •Medical/Professional Office Building (35,867 SF) •Restaurant/Retail Buildings (52,574 SF) •Retail Building (8,000 SF) Information Cont. Residential Adjacency: •Zoning Ordinance requirements for commercial to residential adjacency. •Six-Foot Masonry Wall •Staff will require spacing in between the existing residential fences and the masonry wall to allow for maintenance. •15-Foot Landscape Buffer •60-Foot Building Setback (Two-Story Building) Information Cont. Detention Pond: •Per the Town’s Zoning Ordinance, detention ponds that contain a constant water level, are landscaped, or otherwise treated as an amenity for the development, as determined by the Director of Development Services or his/her designee, may be calculated toward the required open space. Information Purpose: •Renovate exterior elevations of an existing retail building with the proposed improvements. •Removal of two doors. •Installation of three windows on either side of the remaining door. •Installation of awnings over all windows. •Installation of posts on the front entrance holding up the center awning. •Installation of a three-foot brick ledge across the entire front. •Installation of siding around the entire building. •Usage of earth tones as exterior colors. 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 14. Consider and act upon a request for the removal of an historic tree on Wandering Creek, Phase 1, on 48.9± acres, located on the south side of First Street and 335± feet east of Wildcat Way. (DH) Information Purpose: •Remove a historic tree (48.6-caliper inch pecan tree) for the development of a residential subdivision. Historic Tree: •An historic tree is any tree that exceeds 40-caliper inches. Background: •Approved final plat showed Harrison Lane in a way that avoided the tree. •Arborist determined that the tree would not survive after the infrastructure for the subdivision was put in place. Information Cont. Mitigation: •Historic trees require a percentage of replacement (in caliper inches) of 400%. •48.6 (Caliper Inches of Tree) x 4 (400% Replacement) = 194.4 (Required Caliper Inches) •The requirement for new trees is a minimum three caliper inches; therefore, the number of trees required would be the required caliper inches divided by three. •194.4 (Required Caliper Inches) / 3 (Caliper Inches for Tree) = 65 (Number of Trees) •The fee for every caliper inch is $175; therefore, the fee in lieu of replacing the trees would be the required caliper inches multiplied by $175. •194.4 (Required Caliper Inches) x 175 (Fee Per Caliper Inch) = 34,020 (Fee In Lieu Of Replacement) Agenda Item 15. Consider and act upon a request for the removal of an historic tree on Legacy Gardens, Phases 3-4, on 136.1± acres, located on the southwest corner of Shawnee Trail and Frontier Parkway. (DH) Purpose: •Remove a historic tree (42-caliper inch ash tree) for the development of a residential subdivision. Historic Tree: •An historic tree is any tree that exceeds 40-caliper inches. Background: •North side of the tree has been trimmed by power line company due to interference with lines. •The tree is in the future right-of-way of Frontier Parkway and would eventually be removed due to the anticipated expansion of the thoroughfare. Mitigation: •Historic trees require a percentage of replacement (in caliper inches) of 400%. •42 (Caliper Inches of Tree) x 4 (400% Replacement) = 168 (Required Caliper Inches) •The requirement for new trees is a minimum three caliper inches; therefore, the number of trees required would be the required caliper inches divided by three. •168 (Required Caliper Inches) / 3 (Caliper Inches for Tree) = 56 (Number of Trees) •The fee for every caliper inch is $175; therefore, the fee in lieu of replacing the trees would be the required caliper inches multiplied by $175. •168 (Required Caliper Inches) x 175 (Fee Per Caliper Inch) = 29,400 (Fee In Lieu Of Replacement) •Per the Engineering Department, the tree conflicts with CIP infrastructure for both roadway and sanitary sewer. Consequently, if mitigation is required, it would be up to Town Engineering to mitigate. Agenda Item 16. Consider and act upon authorizing the Town Manager to execute a Professional Service Agreement between Freese and Nichols, Inc., and the Town of Prosper, Texas, related to the creation of a Unified Development Code for an amount not to exceed $342,842. (DH) Purpose: •Combine different land use regulations into a single document. •Code of Ordinances •Engineering Standards •Park Dedication Regulations •Subdivision Ordinance •Zoning Ordinance •Other Development Standards Purpose: •Inclusion of new standards and updates to existing standards. •New Dallas North Tollway Overlay District Standards •New Downtown Overlay District Standards •Updates to Existing Ordinances Process: •Six-month timeline that includes the following events. •Kick-Off Meeting and Tour (Town and Consultant) •Bi-Weekly Meetings (Town Staff and Consultant) •Public Hearing at Planning & Zoning Commission •Public Hearing at Town Council Budget Impact: •The overall cost of the project is $324,842. •Budgeted for in Planning’s Professional Services Account (No. 100-5410-40-03). •Funded from the current and upcoming budget years from Building Inspections contract services. •Savings from unspent money allocated to outsourced commercial plan review utilized for contract. •Expense paid in two fiscal years. •Fiscal Year 2024 ($100,000) & Fiscal Year 2025 ($224,842) •No increase to the general budget for Fiscal Year 2025. Agenda Item 17. Discuss and consider the submission of the Preliminary Fiscal Year 2024-2025 Budget. (CL) Town Council Strategic Visioning Priorities ACCELERATION OF INFRASTRUCTURE •Work with the Capital improvement Subcommittee to identify gaps in the Town’s infrastructure and ensure that it meets the demands of a growing community •Utilize all available financial methods (Bonds, Certificates of Obligation, Capital Dedicated Fund, Grants, etc.) to fund projects. •Work with the Capital Improvement Subcommittee to plan for a future bond program and/or pay-as-you-go program. DEVELOPMENT OF DOWNTOWN PROSPER AS A DESTINATION •Collaborate with the Downtown Business Alliance, Community Engagement Committee, Downtown Committee, and Prosper EDC to implement the Downtown Master Plan. •Pursue a mix of public and private developments as catalysts for office, retail, restaurants, entertainment, housing, and outdoor events. ENSURE THE TOWN’S COMMERCIAL CORRIDORS ARE READY FOR DEVELOPMENT •Ensure US 380 and Dallas North Tollway are primed and ready for development. •Develop long-term strategies for land use, landscaping, lighting, and traffic. •Leverage partnerships with TxDOT, NTTA and private development. CONTINUE TO PROVIDE EXCELLENT MUNICIPAL SERVICES •Strive to be a high-performing organization focused on continuous improvement, best practices, and benchmarking. •Develop a culture of excellence and provide the financial resources necessary to support these goals. •Provide a welcoming and respectful environment for residents, visitors, and Town employees. WORK TOWARDS A GROWING AND DIVERSIFIED TAX BASE •Collaborate with Prosper EDC and be adaptable to changing market conditions. •Place an emphasis on corporate, medical, and life-sciences sectors. •Utilize metrics to create resiliency strategies against market changes. Budget Timeline February 27, 2024 Multi-Year Budget Projections May 28, 2024 Adopted Strategic Vision Priorities Spring/Summer 2024 Sub-Committee Meetings on Capital Project Prioritization, Debt Issuance, Market Adjustments July 25, 2024 Certified Rolls July 30, 2024 Budget Workshop at Council Work Session August 13, 2024 Presentation of Preliminary Budget, Passage of all items needed to begin Budget Adoption Process. Budget Timeline Before August 23, 2024 Sub-Committee Meetings per Council Direction August 29, 2024 Budget Town Hall Meeting September 10, 2024 Budget Public Hearing, Final Changes (if any) and Adoption; Tax Rate Public Hearing and Adoption; Tax Increase Ratification Budget in Brief Total FY 2024-2025 Preliminary Budget Operating Appropriations $102,622,254 including: •$52,819,628 for General Fund operations and maintenance, •$3,346,035 for the Crime Control and Prevention Special Purpose District, •$3,544,260 for the Fire Control, and Emergency Medical Services Special Purpose District, •$42,912,331 for the Town’s Enterprise Funds including Solid Waste, Water, and Sewer utilities as well as the Storm Drainage Utility Fund. General Debt Service Appropriations for the coming fiscal year are $18,526,992. Governmental Capital Projects added for the year total $51.4 million. Key General Fund Revenue Drivers For FY 2024-2025, General Fund revenues are expected to total $51,207,806 which is an increase of 7.04% over the previous year’s amended budget. This additional revenue is from increased property tax, sales tax, and franchise fees. The Preliminary Budget reflects 10.6% growth from FY 2023-2024 year-end projected sales tax receipts. This is the seventh year for the Special Purpose Districts that receive sales tax that had been previously reported in the General Fund. The General Fund is projecting sales tax revenue of $12,659,839 for FY 2024-2025. General Fund Staffing Department Title Start Date FTE Recurring One-time Grant Revenue Year 2 Town Managers Office Management Analyst 10/1/2024 1 105,000 10,000 - 105,000 Finance Fleet Coordinator 1/1/2025 1 72,003 48,730 - 95,499 Communications Communication Specialist increase to Full-time 10/1/2024 0.5 34,091 - - 34,091 Municipal Court Municipal Court Clerk 1/1/2025 1 47,399 - - 47,399 Police Administrative Assistant-Patrol 4/1/2025 1 13,171 36,515 - 69,419 Police Detective 4/1/2025 1 80,049 115,264 - 150,101 Police Police Officers (COPS Grant)1/1/2025 5 579,298 505,917 333,333 749,943 Police 9-1-1 Communications CAD Supervisor 4/1/2025 1 65,425 5,369 - 127,553 Fire Fire Inspector/Investigator 1/1/2025 1 100,072 102,265 - 128,444 Public Works Signs and Marking Technician 4/1/2025 1 40,716 - - 77,323 Public Works Streets Utility Worker 1/1/2025 1 58,420 - - 76,724 Public Works Facilities Maintenance Technician 1/1/2025 1 51,700 - - 61,692 Parks Irrigation Technician 4/1/2025 1 37,558 51,456 - 72,977 Parks Parks Supervisor 11/1/2024 1 92,738 52,529 - 100,971 Library Library Assistant PT to FT 10/1/2024 0.5 30,286 - - 30,286 Engineering Senior Traffic Engineer 1/1/2025 1 101,028 20,686 - 141,929 Total General Fund 19 1,508,954 904,631 333,333 2,069,351 Other Funds Staffing Water/Wastewater Fund Department Title Start Date FTE Recurring One-time Grant Revenue Year 2 Public Works Crew Leader 10/1/2024 1 98,141 99,820 - 98,141 Public Works Heavy Equipment Operator 10/1/2024 1 85,270 335 - 85,270 Public Works Utility Worker 10/1/2024 1 75,672 1,800 - 77,472 Total Water/Wastewater Fund 3 259,083 101,955 - 260,883 Stormwater Drainage Fund Department Title Start Date FTE Recurring One-time Grant Revenue Year 2 Public Works Stormwater Crew Leader 10/1/2024 1 168,280 14,502 - 103,830 Total Stormwater Drainage Fund 1 168,280 14,502 - 103,830 Fund Recurring General Fund - Police-Sworn 232,513 General Fund - Fire-Sworn 228,464 General Fund 311,881 Water/Wastewater 37,601 Total Market Study 810,459 Market Study •Public Safety Market Methodology •The average minimum and maximum annual rates of pay at benchmark cities. The data is anchored at the minimum and maximum annual rates for each respective rank and file. •Competitive percentage above market average – 1.75% •Non-Public Safety Market Methodology •(Max Average + Min Average)/2 = Midpoint Major General Fund Additions Other Funds Utility Fund-Distribution and Collection Utility •Potable Water Supplier proposing over 13.8% increase in rates •Wastewater treatment supplier requires significant capital investment for new treatment plant •Rate Consultant projecting need for multiple year rate increases including a blended 8.7% next year (5% water and 16% wastewater) •First Rate Increase in four years (2020) Solid Waste Fund •Created in 2023, the fund will be self-supporting through rates. Stormwater Drainage •No rate increase recommended. Last rate increase 2018. Rate Comparison Debt Service Fund •Add Series 2024 authorized by Council - $36.407 Million •Redeem Series 2014 - $600,000 ($140,000 savings) •$152 million available for 2025 Bond Election •Increases I&S Rate from 0.177258 to 0.180392 •36% I&S percentage of total Tax Rate (below 40%) •Outstanding Total Debt of $228,582,000 at end of FY24-25 •2.4% Outstanding Total Debt as a percentage of TAV (below 4%) •$5,366 Outstanding Total Debt per Capita Debt Service Fund Governmental Capital Projects •$35.9 million in Streets Projects •$6.6 million in Parks Projects •$5.3 million in Facility Projects •$2 million in Public Safety Projects •$1.5 million in Unrestricted Projects •$51.3 million Total in Projects Multi-Year Capital Program/Debt Issuance Recently Approved Bonds 2023-2024 Parks •Raymond Community Park, Phase 1: (Construction) $10,900,000 Street •First Street (DNT – Coleman): (Construction) $9,000,000 •Coit Road (First – Frontier) – 4 lands: (Land/Esmt) $1,700,000 •Teel (US 380 – First St.) 2 NB Lanes (Construction) $1,400,000 •Legacy (First – Star Trail) 2NB Lanes (Construction) $650,000 •Braided Ramps $2,557,062 TOTAL $36,407,062 Public Safety •Fire Station #4 (Construction) $10,200,000 Multi-Year Capital Program/Capital Dedicated Parks •Parks and Public Works Facility, Phase 1 $2,352,938 Street •Traffic Signal – First & Artesia $230,000 •Traffic Signal – Teel & Prairie $460,000 •DNT Main Lanes (US 380 – FM 428) $2,557,062 Unprogrammed $1,500,000 TOTAL $9,600,000 Public Safety •Fire Station #4 (Construction) $2,500,000 Agenda Item 18. Consider and act upon an ordinance establishing the tax year 2024 Certified Appraisal Roll. (CL) Historical Property Valuation Fiscal Year Valuation Excluding Freeze Growth New Property Growth from New Property Reappraisal Growth Growth from Reappraisal 2019-2020 4,209,067,499 12.4%414,634,110 11.1%49,749,601 1.3% 2020-2021 4,601,196,301 9.3%360,557,369 8.5%31,571,433 0.8% 2021-2022 5,437,210,564 18.2%469,526,490 10.2%366,487,773 8.0% 2022-2023 6,616,007,870 21.7%596,431,779 11.0%582,365,527 10.7% 2023-2024 8,335,296,679 26.0%876,474,004 13.3%842,814,805 12.7% 2024-2025 9,622,101,595 15.4%878,599,323 10.5%408,205,593 4.9% Agenda Item 19. Consider and act upon accepting submission of the tax year 2024, fiscal year 2024-2025, no-new-revenue tax rate of $0.466941 per $100 taxable value, voter-approval tax rate of $0.522075 per $100 taxable value, and preliminary property tax rate of $0.505000 per $100 taxable value. (CL) No-New-Revenue Tax Rate •The “No-New-Revenue" rate is the highest property tax rate a local government can adopt that generates the same amount of revenue as the previous year, despite changes in property values. •The calculation excludes impact from new property and property in a TIRZ. •Compares like property year over year. Voter-Approval Tax Rate •The “voter approval” rate is the maximum property tax rate increase, 3.5% on M&O plus calculated I&S Rate, that local taxing units can implement without voter approval. •Mandated to adopt the calculated I&S rate. Property Tax Rate Comparison 2024-2025 2023-2024 No-New-Revenue Tax Rate $0.466941 $0.448160 Voter-Approval Tax Rate $0.522075 $0.51 Debt Rate (I&S Rate)$0.180392 $0.177258 Adopted Rate -$0.51 Preliminary Rate $0.505 - Agenda Item 20. Consider and act upon a proposed fiscal year 2024-2025 Property Tax Rate. (CL) Historical Property Tax Rate Fiscal Year M&O I&S Total Rate 2019-2020 0.367500 0.152500 0.520000 2020-2021 0.367500 0.152500 0.520000 2021-2022 0.328000 0.182000 0.510000 2022-2023 0.329830 0.180170 0.510000 2023-2024 0.332742 0.177258 0.510000 2024-2025 0.324608 0.180392 0.505000 Benchmarking Fiscal Year 2023-2024 Entity Homestead Exemption Rate General Fund Capital Dedicated I&S Total Tax Rate Equivalent Tax Rate for Homestead Freeze Anna 5.0%0.365930 -0.144787 0.510717 0.485181 No Celina None 0.315878 -0.296276 0.612154 0.612154 Yes Coppell 5.0%0.421666 -0.070152 0.491818 0.467227 No Flower Mound 12.5%0.343173 -0.044127 0.3873 0.338888 No Frisco 15.0%0.289263 -0.142942 0.432205 0.367374 Yes Keller 20.0%0.260403 -0.051597 0.312 0.2496 Yes Little Elm None 0.486416 -0.143484 0.6299 0.6299 Yes McKinney None 0.286688 -0.140825 0.427513 0.427513 No Southlake 20%0.264 -0.055 0.319 0.2552 Yes Average of Comparison 8.61%0.336616 -0.126645 0.463261 0.425893 - Prosper (Current)15.0%0.230742 0.102 0.177258 0.51 0.4335 Yes Prosper (Preliminary)17.5%0.224608 0.10 0.180392 0.505 0.416625 Yes Tax Year 2024; Fiscal Year 2024-2025 Agenda Item 21. Consider and act upon scheduling a public hearing on the fiscal year 2024-2025 Proposed Budget. (CL) •A public hearing is required by State law on the Proposed Budget. •Public Hearing: September 10, 2024, at 6:15 p.m., Council Chamber of Prosper Town Hall. Agenda Item 22. Consider and act upon scheduling a public hearing on the proposed FY 2024-2025 Tax Rate. (CL) •A public hearing and a published notice is required if proposed rate exceeds the lower of the no-new-revenue or voter-approval tax rates. •Public Hearing: September 10, 2024, at 6:15 p.m., Council Chamber of Prosper Town Hall. •Notice will appear in the Frisco Enterprise on September 1 Agenda Item 23. 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 BFS Real Estate LLC, et al., v. Town of Prosper, et al., pending in the 471st Judicial District Court of Collin County, Texas, and all matters incident and related thereto; and discuss and consider anticipated litigation regarding contractual obligations. 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