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03.25.25 Town Council Regular Meeting PacketPage 1 of 4 ] Welcome to the Prosper Town Council Meeting. Citizens may watch the meeting live by using the following link: www.prospertx.gov/livemeetings Addressing the Town Council: Those wishing to address the Town Council must complete the Public Comment Request Form located on the Town's website or in the Council Chambers. If you are attending in person, please submit this form to the Town Secretary or the person recording the minutes for the Board/Commission prior to the meeting. When called upon, please come to the podium, and state your name and address for the record. If you are watching online, please submit this form to the Town Secretary prior to 4:00 p.m. on the day of the meeting in order for your comments to be read into the record. The Town assumes no responsibility for technical issues beyond our control. In compliance with the Texas Open Meetings Act, the Town Council/Board/Commission may not deliberate or vote on any matter that does not appear on the agenda. The Council/Board/Commission, however, may provide statements of fact regarding the topic, request the topic be included as part of a future meeting, and/or refer the topic to Town staff for further assistance. Citizens and other visitors attending Town Council meetings shall observe the same rules of propriety, decorum, and good conduct applicable to members of the Town Council. Any person making personal, impertinent, profane or slanderous remarks or who becomes boisterous while addressing the Town Council or while attending the meeting shall be removed from the room, if so directed by the Mayor or presiding officer, and the person shall be barred from further audience before the Town Council during that session. Disruption of a public meeting could constitute a violation of Section 42.05 of the Texas Penal Code. Call to Order/ Roll Call. 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: Section 551.074 – To discuss and consider personnel matters, including the annual evaluation of the Town Manager, Town Attorney, and the Municipal Judge, and all matters incident and related thereto Reconvene into Regular Session and take any action necessary as a result of Closed Session. Meeting to begin at approximately 6:15 p.m. Invocation, Pledge of Allegiance and Pledge to the Texas Flag. Announcements of recent and upcoming events. Agenda Prosper Town Council Meeting Prosper Town Hall, Council Chambers 250 W. First Street, Prosper, Texas Tuesday, March 25, 2025 5:30 PM Page 1 Page 2 of 4 Presentations. 1. Recognition to member of Scout Troop 365 on receiving their Eagle Scout designation. (MLS) 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. 2. Consider and act upon the minutes of the March 11, 2025, Town Council Regular meeting. (MLS) 3. Consider and act upon approving the purchase of two (2) Force z23slt EFI - Laser Ready with Tweels Infield Groomers from GLK Turf Solutions for infield maintenance for $73,290. (DB) 4. Consider and act upon approving the purchase of three (3) Husqvarna Automower Robotic Lawn Mowers from Turf and Soil Management, LLC (T&S) for $93,936. (DB) 5. Consider and act upon approving a resolution adopting the 2025 Dallas North Tollway Frontage Area – Visionary Strategy. (MC) 6. Consider an act upon a Professional Services Agreement with the Catalyst Group for consulting services to implement the 2025 Dallas North Tollway Frontage Area – Visionary Strategy for $117,000. (MC) 7. 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 West Gorgeous Road (McKinley Street – Coleman Street) project for $222,996. (PA) 8. 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) 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 Comment Request Form” and present it to the Town Secretary prior to the meeting. Please limit your comments to three minutes. If multiple individuals wish to speak on a topic, they may yield their three minutes to one individual appointed to speak on their behalf. All individuals yielding their time must be present at the meeting, and the appointed individual will be limited to a total of 15 minutes. 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. [If you wish to address the Council, please fill out a “Public Comment Request Form” and present it to the Town Secretary, preferably before the meeting begins.] Items for Individual Consideration: Page 2 Page 3 of 4 9. Consider and act upon a resolution accepting the Independent Audit Report, Annual Comprehensive Financial Report for the Fiscal Year Ended September 30, 2024, and Single Audit Report Related to Grant Activities Under Uniform Guidance, as audited by Weaver and Tidwell LLP, Certified Public Accountants. (RBS) 10. Consider and act upon authoring the Town Manager to execute an agreement for additional equipment and services from Flock Inc. to include the expansion of the Drone as First Responder (DFR) program for $307,133. (DK) 11. Conduct a Public Hearing and consider and act upon a request for a Specific Use Permit for a Drive-Through Restaurant on Frontier Retail Center Revised, Block A, Lots 1-2, on 2.8± acres, located on the east side of Dallas Parkway and 800± feet south of Frontier Parkway. (ZONE-24-0021) (DH) 12. Discuss and consider Town Council Subcommittee reports. (DFB) Possibly direct Town staff to schedule topic(s) for discussion at a future meeting. 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: 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, law enforcement activities, and all matters incident and related thereto. Section 551.074 - To discuss and consider personnel matters, including the annual evaluation of the Town Manager, Town Attorney, and the Municipal Judge, and all matters incident and related thereto. Reconvene in Regular Session and take any action necessary as a result of the Closed Session. Adjourn. CERTIFICATION I, the undersigned authority, do hereby certify that this Notice of Meeting was posted at Prosper Town Hall, located at 250 W. First Street, Prosper, Texas 75078, a place convenient and readily accessible to the general public at all times, and said Notice was posted by 5:00 p.m., on Friday, March 21, 2025, and remained so posted at least 72 hours before said meeting was convened. ________________________________ _________________________ Michelle Lewis Sirianni, Town Secretary Date Notice Removed Page 3 Page 4 of 4 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 -1073 at least 48 hours prior to the meeting time. Page 4 Page 1 of 6 ] Call to Order/ Roll Call. The meeting was called to order at 6:15 p.m. Council Members Present: Mayor David F. Bristol Mayor Pro-Tem Marcus E. Ray Deputy Mayor Pro-Tem Amy Bartley Councilmember Craig Andres Councilmember Chris Kern Councilmember Jeff Hodges Council Members Absent: Councilmember Cameron Reeves Staff Members Present: Mario Canizares, Town Manager Terry Welch, Town Attorney Michelle Lewis Sirianni, Town Secretary Bob Scott, Deputy Town Manager Chuck Ewings, Assistant Town Manager Robyn Battle, Executive Director David Hoover, Development Services Director Ryan Pasko, Help Desk Technician II Hulon Webb, Engineering Director Dan Heischman, Assistant Engineering Director - Development Carrie Jones, Public Works Director Gary Landeck, Library Director Todd Rice, Communications Director Doug Kowalski, Police Chief Invocation, Pledge of Allegiance and Pledge to the Texas Flag. Cedric White with Heart Fellowship Church led the invocation. The Pledge of Allegiance and the Pledge to the Texas Flag were led by Gabe Coleman from Boy Scout Troop 289. An nouncements of recent and upcoming events. Councilmember Kern made the following announcements: Registration is now open for the fourth annual P-Town Throwdown Pickleball Tournament being held on Saturday, March 29 at Reynolds Middle School. The format is Mixed-Doubles for participants 18 years and older, with Recreational and Competitive Divisions based on player ratings. Learn more about the tournament at prospertx.gov/ptownthrowdown. Registration is open for the spring season of the 2025 Mayor’s Fitness Challenge. Tracking sheets and online registration are available by visiting prospertx.gov/mayorsfitnesschallenge. MINUTES Prosper Town Council Meeting Prosper Town Hall, Council Chambers 250 W. First Street, Prosper, Texas Tuesday, March 11, 2025 Page 5 Item 2. Page 2 of 6 Join Mayor Bristol on Wednesday, March 12 from 9 am to 11 am at Fire Station No. 2 for Coffee for Active Adults. Residents may register by visiting the Active Adult Programs under the Parks and Recreation Programs website page. The annual Prosper Spring Cleanup is scheduled for Saturday, March 29, from 8 a.m. to 12 p.m. at Town Hall. Residents will have an opportunity to dispose of various items. To enter the event, please be prepared to show your utility bill and valid driver’s license. Visit the Town’s website for more information, including a list of acceptable items. Presentations. 1. Presentation of a Proclamation declaring the week of March 16-25, 2025, as National Surveyor's Week. (MLS) 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. 2. Consider and act upon the minutes of the February 25, 2025, Town Council Work Session meeting. (MLS) 3. Consider and act upon the minutes of the February 25, 2025, Town Council Regular meeting. (MLS) 4. Consider and act upon authorizing the Town Manager to approve the purchase of school zone flasher assemblies from Consolidated Traffic Controls, Inc. utilizing the Houston-Galveston Area Council (HGAC) Cooperative Purchasing Program, Contract Number PE-05-21, in the amount of $140,544. (CJ) 5. Consider and act upon approving the purchase of one (1) 2025 Ford Interceptor for $49,508 from Silsbee Ford utilizing TIPS Contract 240901 and three (3) 2025 Chevrolet Tahoe’s from Reliable Chevrolet for $50,393 each utilizing the Sheriff’s Association of Texas Contract. (DK) 6. 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) Mayor Pro-Tem Ray made a motion to approve consent agenda items 2 through 6. Deputy Mayor Pro-Tem Bartley seconded the motion. Motion carried with a 6-0 vote. CITIZEN COMMENTS Jennifer Stark, 1430 Amistad Drive. Mayor Bristol read comments of opposition regarding a zoning change south of Lakes of La Cima. Mr. Canizares stated that the applicant has withdrawn this project; therefore, will not be brought forward to the Town Council. Items for Individual Consideration: Page 6 Item 2. Page 3 of 6 7. Consider and act upon Resolution 2025-10 adopting the 2025 Library Master Plan. (GL) Mr. Landeck presented the item with a background from the previous meeting, including the requests made by the Town Council, which were incorporated into the revised plan. Mr. Landeck provided his recommendations, which would be to include a smart and efficient design with flexible spaces that allow for experiential learning. Danielle Phillipson, Chair of the Library Board, and Mary Beth Randecker, Library Board member, presented the recommendations on behalf of the board, which included a minimum square foot of 49,000 square feet, enhanced level of physical and digital collections defined by the Texas Library Association, would like a feasibility study done for a foundation to support the library, a data-driven analysis done to identify specific areas within the library, include the Master Plan as a part of the Library’s Long-Range Plan, and to engage stakeholders. The Town Council discussed taking all proposed options to the Bond Committee, establishing a foundation, and incorporating the Library Board’s recommendations into the Master Plan. Mayor Pro-Tem made a motion to approve Resolution 2025-10 adopting the 2025 Library Master Plan subject to incorporating the Library Board’s recommendations into the Master Plan. Deputy Mayor Pro-Tem Bartley seconded the motion. Motion carried with a 6-0 vote. Mayor Bristol stated he would like to move item 10 up next for consideration. 10. Consider and act upon a request to waive the Town’s Drainage System Design Requirements for a wet or underground detention pond for the detention pond on the proposed Prosper ISD Administration Building site. (DLH) Mr. Heischman presented the item identifying the locations of the detention ponds. To satisfy the detention requirements, the Prosper ISD is proposing two ponds, one wet pond located directly south of the Administration Building and a second pond farther in the rear of the property. The ISD is requesting the pond in the rear of the property to be a dry pond. Town Staff does not believe there are any physical constraints or hydraulic limitations to providing a wet pond at the proposed location. Therefore, the staff recommends approving a waiver to allow a dry pond. Mayor Bristol asked if there was a purpose for having both a wet and dry pond. Dr. Bradley, Deputy Superintendent with Prosper ISD, noted that the wet pond would be used for school educational purposes but also so that it could be incorporated into any additional trails or development that may occur around it. The Town Council discussed the maintenance associated with the ponds, drainage, landscaping around the dry pond, and the detention being sufficient for future development. Deputy Mayor Pro-Tem Bartley made a motion to approve a request to waive the Town’s Drainage System Design Requirements for a wet or underground detention pond for the detention pond on the proposed Prosper ISD Administration Building site. Councilmember Andres seconded the motion. Motion carried with a 6-0 vote. Page 7 Item 2. Page 4 of 6 8. Consider and act upon a request for a Preliminary Site Plan for Automobile Service, Convenience Store with Gas Pumps, Daycare, Office, Restaurant, Restaurant with Drive-Through, and Retail Buildings on Prosper Legacy, Blocks D-F, on 22.2± acres, located on the southwest corner of Legacy Drive and Prosper Trail. (DEVAPP-24-0083) (DH) Mr. Hoover presented the item noting this item was appealed at the Town Council meeting on January 28 due to several concerns. Since that time, the applicant revised the proposed Preliminary Site Plan to address those concerns. Staff recommends approval. Deputy Mayor Pro-Tem Bartley clarified that the parking spaces met the Town’s requirements and noted her concerns about the location of the drive-through and preference to have double drive-through lanes. Deputy Mayor Pro-Tem Bartley made a motion to approve request for a Preliminary Site Plan for Automobile Service, Convenience Store with Gas Pumps, Daycare, Office, Restaurant, Restaurant with Drive-Through, and Retail Buildings on Prosper Legacy, Blocks D-F, on 22.2± acres, located on the southwest corner of Legacy Drive and Prosper Trail with condition to modify the drive-through on Block E, Lot 1. Councilmember Kern seconded the motion. Motion carried with a 5-1 vote. Councilmember Andres voting in opposition. 9. Consider and act upon approving Change Order No. 04 for CSP No. 2022-51-B to Mario Sinacola & Sons Excavating, Inc., related to construction services for the First Street (Stuber Elementary – Dallas North Tollway (DNT)) project; and authorizing the Town Manager to execute Change Order No. 04 for $1,916,019. (PA) Mr. Webb presented the item stating it is for the construction of four lanes of Legacy Road from the First Street intersection north to the existing roadway improvements constructed by Blue Star with the Star Trail development. Due to the improvements being made, two options were provided by Sinacola, which included a temporary detour or a road closure on Legacy Drive. The Change Order does reflect Legacy Drive being closed from approximately March 21 to the end of July 2025. The funding of the project is through the Star Trail Thoroughfare Impact Fee Development Agreement. Staff recommends approval. The Town Council discussed how long the section of the road was, the timing of the project, and communications that will be done to inform those affected by the road closure. Councilmember Hodges made a motion to approve a Change Order No. 04 for CSP No. 2022-51-B to Mario Sinacola & Sons Excavating, Inc., related to construction services for the First Street (Stuber Elementary – Dallas North Tollway (DNT)) project; and authorizing the Town Manager to execute Change Order No. 04 for $1,916,019. Mayor Pro-Tem Ray seconded the motion. Motion carried with a 6-0 vote. 11. Discuss and consider Town Council Subcommittee reports. (DFB) Page 8 Item 2. Page 5 of 6 Legislative Committee: Mayor Bristol noted that they are continuing preparations for Legislative Days. Bond Committee: Deputy Mayor Pro-Tem Bartley noted the committee reviewed proposed street projects to be considered as part of the Bond Election. Downtown Advisory Committee: Mayor Pro-Tem Ray noted that they discussed aligning on their projects by prioritizing their ranking with parking being at the top, to move forward with monumentation due to lead time, and their desire to see physical improvements. Community Engagement Committee: Councilmember Hodges noted that the committee discussed several items including their revisions to the new resident welcome letter, filming a video, current and upcoming events, and the park survey video. Possibly direct Town staff to schedule topic(s) for discussion at a future meeting. No comments were made. 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: 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, law enforcement activities, and all matters incident and related thereto. Section 551.074 - To discuss and consider personnel matters, including the annual evaluation of the Town Manager, Town Attorney, and the Municipal Judge, and all matters incident and related thereto. The Town Council recessed into Executive Session at 7:38 p.m. Reconvene in Regular Session and take any action necessary as a result of the Closed Session. The Town Council reconvened into Regular Session at 9:14 p.m. No action was taken. Adjourn. The meeting was adjourned at 9:15 p.m. These minutes were approved on the 25th day of March 2025. Page 9 Item 2. Page 6 of 6 APPROVED: David F. Bristol, Mayor ATTEST: Michelle Lewis Sirianni, Town Secretary Page 10 Item 2. Page 1 of 2 To: Mayor and Town Council From: Dan Baker, Parks and Recreation Director Robyn Battle, Executive Director Through: Mario Canizares, Town Manager Re: Purchase of Two Infield Groomers for Parks and Recreation Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 4. Provide Excellent Municipal Services Agenda Item: Consider and act upon approving the purchase of two Force z23slt EFI - Laser Ready with Tweels Infield Groomers from GLK Turf Solutions for infield maintenance for $73,290. Description of Agenda Item: This VERF replacement purchase for the FY 2024-2025 budget year includes two Force z23slt EFI – Laser Ready with Tweels Infield Groomers with attachments quoted at $73,290. This equipment is used to prepare clay infields at the Town’s baseball and softball fields for daily use during the baseball season. It smooths out the infield ruts and high spots created by prior use to leave a level infield for games and practices. It is an important tool for keeping the ballfields in good condition and providing quality play experiences. Budget Impact: These VERF replacements for the Toro Sand Pro 3040 and Toro Sand Pro 5040 will be funded through the FY 2024-2025 budget account 61060610-61400 utilizing Buy Board Contract No. 706- 23 for $73,290. Legal Obligations and Review: Terrence Welch of Brown & Hofmeister, L.L.P., has approved the attached documents as to form and legality. Attached Documents: 1. Quote 2. Buy Board Contract No. 706-23 Town Staff Recommendation: Town Staff recommends approving the purchase of two Force z23slt EFI - Laser Ready with Tweels Infield Groomers from GLK Turf Solutions for infield maintenance for $73,290. PARKS AND RECREATION Page 11 Item 3. Page 2 of 2 Proposed Motion: I move to approve the purchase of two Force z23slt EFI - Laser Ready with Tweels Infield Groomers from GLK Turf Solutions for infield maintenance for $73,290. Page 12 Item 3. SUBMITTED TO: Town of Prosper Greg Jones 409 W First St Prosper, TX 75078 SUBMITTED BY: GLK Turf Solutions Danielle Bailey 217 E Main St Royse City, TX 75189 danielle.bailey@glkturfsolutions.com Quotation # Q01130 Sub Total:$ 69,290.00 Shipping and Handling:$ 4,000.00 Tax:$ 0.00 Total:$ 73,290.00 Item# Item Name Quantity List Price Total 10-99144 Force z23slt EFI - Laser Ready w/Tweels (Kohler ECH740) 2 $ 31,350.00 $ 62,700.00 10-90166 Vibraflex 5800 2 $ 899.00 $ 1,798.00 10-99029 Mini-Box Blade - Solid Edge (Sport Fields) 2 $ 599.00 $ 1,198.00 10-99149 Stealth Blades (Set of 7) 2 $ 699.00 $ 1,398.00 10-90672 Mobile Workstation Kit - Z23 2 $ 499.00 $ 998.00 10-99137 6' Rigid Drag Mat w/ Level Bar 2 $ 599.00 $ 1,198.00 Terms and Conditions (Buy Board 706-23) 03-18-2025 10:01 AM Quote Expires: 05-01-2025 Please Sign and Date to Accept Quote: __________________________________________________________________________________________________________________________________________________________________________________ Thank You For This Opportunity! Page 1 of 1 Page 13 Item 3. Vendor Contract Information Summary GLK Turf SolutionsVendor Jeff KadlecContact 210-413-3045Phone jeff.kadlec@glkturfsolutions.comEmail glkturfsolutions.comVendor Website 47-1597059TIN 217 E Main Street #1059Address Line 1 Royse CityVendor City 75189Vendor Zip TXVendor State USAVendor Country 10Delivery Days FOB DestinationFreight Terms Net 30 daysPayment Terms Freight prepaid by vendor and added to invoiceShipping Terms Common CarrierShip Via NoDesignated Dealer YesEDGAR Received NoService-disabled Veteran Owned NoMinority Owned NoWomen Owned NoNational YesNo Foreign Terrorist Orgs YesNo Israel Boycott NoMWBE All Texas RegionsESCs Iowa, Louisiana, Oklahoma, TexasStates Grounds Maintenance Equipment, Parts, and SuppliesContract Name 706-23Contract No. 06/01/2023Effective 05/31/2026Expiration YesAccepts RFQs GLK Turf Solutions does not accept returns on equipment sold Return Policy 3/18/2025 9:27 AM Page 14 Item 3. Page 1 of 2 To: Mayor and Town Council From: Dan Baker, Parks and Recreation Director Robyn Battle, Executive Director Through: Mario Canizares, Town Manager Re: Purchase of three Husqvarna Automower Robotic Lawn Mowers Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 4. Provide Excellent Municipal Services Agenda Item: Consider and act upon approving the purchase of three Husqvarna Automower Robotic Lawn Mowers from Turf and Soil Management, LLC (T&S) for $93,936. Description of Agenda Item: This purchase includes a VERF replacement for the FY 2024-2025 budget year. Staff are requesting to reallocate the VERF replacement funds for the Toro GM4500 TIV mower and purchase three Husqvarna Automower Ceora 546 EPOS US, CA Robotic Lawn Mowers with attachments, quoted at $93,936. The robotic mowers do not have to be supervised during the entirety of their operations. Utilizing robotic mowers allows Park Operations to be more efficient in the utilization of staff hours, allowing multiple tasks to be completed at the same time by the same staff person. The expected replacement schedule for each mower is approximately seven years, which is comparable to a typical operator-driven mower. The warranty for each mower is two years. Budget Impact: VERF Replacement for the Toro GM4500 TIV, will be funded through the FY 2024-2025 budget account 61060610-61400 utilizing Sourcewell Contract No. 031121-HSQ for $93,936. Legal Obligations and Review: Terrence Welch of Brown & Hofmeister, L.L.P., has approved the attached documents as to form and legality. Attached Documents: 1. Quote 2. Sourcewell Contract No. 031121-HSQ PARKS AND RECREATION Page 15 Item 4. Page 2 of 2 Town Staff Recommendation: Town Staff recommend the Town Council approve the purchase of three Husqvarna Automower Robotic Lawn Mowers from Turf and Soil Management, LLC (T&S) for $93,936. Proposed Motion: I move to approve the purchase of three Husqvarna Automower Robotic Lawn Mowers from Turf and Soil Management, LLC (T&S) for $93,936. Page 16 Item 4. Date:3/19/2025 Invoice to:Turf and Soil Management, LLC Town of Prosper 1209 S. Parkway Dr. Matt Furr Alvarado, Texas 76009 409 E. First Street. Propser, Tx (817)854-1210 Phone #:214-326-6170 www.turfandsoil.net Email:mfurr@prospertx.gov Ship to:Will Dutton Town of Prosper Sourcewell Contract # 031121-HSQ General Sales Manager Matt Furr T&S Management, LLC 409 E. First Street. Propser, Tx Cell: (214) 500-5409 will@turfandsoil.net Qty Manufacturer Model Description Unit MSRP Total 500 Series Product CEORA Product 3 HUSQVARNA 970749905 CEORA 546 EPOS US, CA ROBOTIC LAWN MOWER $23,099.99 $55,439.98 9 HUSQVARNA 536930910 CEORA Low Cut Disc $179.99 $1,295.93 3 HUSQVARNA 970614405 CEORA RZ 43L US, CA CUTTING DECK $9,349.99 $22,439.98 3 HUSQVARNA 970468105 CHARGING STATION CEORA CS4 US, CA $2,199.99 $5,279.98 Reference Stations 2 HUSQVARNA 970468205 REFERENCE STATION US, CA $899.99 $1,439.98 Accessories 1 HUSQVARNA 599805312 Blade Set Automower Enhanced HSS 300 pcs $999.99 $799.99 3 T&S 103 New Equipment Setup Fee (Ceora) - Onboarding and 2 Followup Site Visits $1,500.00 $4,500.00 1 T&S 100 Multiple Unit - Annual Health Monitoring Fee/Recurring Charged Annually $500.00 $500.00 16 T&S 100 *Installation Labor/Hour $140.00 $2,240.00 *Excludes Site Contruction and Infrastructure Needs Sub Total Products $86,695.83 Sub Total Setup Fees $4,500.00 Sub Total Monitoring Fees (First Year - Pro-Rated)$500.00 Sub Total Installation Fees $2,240.00 Setup Quote pricing is valid for 30 days. Installation Fees Recurring Monitoring Fee - (Pro-rated and term each calendar year) Quote Summary Equipment Quotation City of Prosper Husqvarna quote 12-19-2024 Page1 of 2 Page 17 Item 4. Final Proposal Sub Total $93,935.83 Sales Tax (8.25%)Exempt Final Proposal Total $93,935.83 Customer Acceptance F.O.B.Destination Taxes:Price Quoted Includes Sales/Use Taxes Name Delivery:Via T&S Truck Warranty:Manufacturers' Stated Title Payment:Pre-Payment/Per Lease Agreement Date Thank you for the opportunity to provide the enclosed quotation for Husqvarna Robot mowers. After your review, and if you should have any questions, please feel free to call on me. We look forward to servicing your professional turf equipment needs. Turf and Soil is dedicated to providing our customers with the best equipment and services in the indusrtry. City of Prosper Husqvarna quote 12-19-2024 Page2 of 2 Page 18 Item 4. January 1, 2025 Husqvarna Group Authorized Dealer Letter To Whom it may concern: This letter is to certify that Turf & Soil Management, LLC is the authorized dealer in the states of Arkansas, New Mexico, Oklahoma and Texas for Husqvarna Golf & Sports Turf products. As an authorized dealer for Husqvarna, Turf & Soil Management, LLC has the responsibility to promote, sell, and support Husqvarna Golf & Sports Turf products for Husqvarna Group. This letter is valid until December 31, 2025. If you have any questions please do not hesitate to contact me. Best regards, Rocky Bare Dealer Development Manager Husqvarna Group Page 19 Item 4. Page 20 Item 4. Page 21 Item 4. Page 22 Item 4. Page 23 Item 4. Page 24 Item 4. Page 1 of 2 To: Mayor and Town Council From: Mario Canizares, Town Manager Through: Mario Canizares, Town Manager Re: Dallas North Tollway (DNT) Visioning Approval Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 3. Commercial Corridors are ready for Development Agenda Item: Consider and act upon approving a resolution adopting the 2025 Dallas North Tollway Frontage Area – Visionary Strategy. Description of Agenda Item: In November 2024, The Town entered into an agreement with Paris Rutherford of the Catalyst Group to perform consulting services to prepare a vision plan for the Dallas North Tollway (DNT). A public meeting was held on January 16, with the Town Council and Prosper Economic Development Corporation (PEDC). This meeting consisted of reviewing commercial, housing, economic, and demographic information of Prosper and the surrounding areas. In addition, the discussion involved reviewing the history of commercial and mixed-use developments from other parts of the DFW region, state of Texas and outside of the state. The meeting also included seeking input regarding desired development along the DNT corridor from both the Town Council and PEDC members including the Town Manager and the PEDC Executive Director. Based on the input from the January 2025 meeting, the Council, Town Manager, and Mr. Rutherford met in a public meeting on February 6 to review the inputs from the previous meeting and begin to hone-in on the desired approach for the DNT Vision plan. Mr. Rutherford has taken all the inputs, comments and desired outcomes and proposed a 2025 Dallas North Tollway Frontage Area – Visionary Strategy that the Town Council can consider adopting on March 21, 2025. Budget Impact: There is no budgetary impact affiliated with this item. Attached Documents: 1. 2025 Dallas North Tollway Frontage Area – Visionary Strategy. 2. Resolution. Town Staff Recommendation: It is recommended that the Town Council approve the attached resolution adopting the 2025 Dallas North Tollway Frontage Area – Visionary Strategy. TOWN MANAGER Page 25 Item 5. Page 2 of 2 Proposed Motion: I move to approve a resolution adopting the 2025 Dallas North Tollway Frontage Area – Visionary Strategy. Page 26 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY DNT FRONTAGE AREA -- VISIONING STRATEGYDNT FRONTAGE AREA -- VISIONING STRATEGY DOWNTOWN A PLANNING FRAMEWORK CONCEPT TO ACHIEVE POSITIVE COMMUNITY ENTRANCES Page 27 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY •VISION PLAN 28 •INTRODUCTION 3 ➢Goals for this Exercise ➢Current Corridor Context ➢Competing Developments CONTENTS •POLICYMAKER QUESTIONNAIRE 5 2 •VISION FUNDAMENTALS 8 ➢Planning Framework ➢Land Use Potential ➢Desired Experience •IMPLEMENTATION STEPS 33 Page 28 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Goals for this Vision Strategy •Define a more specific vision for the DNT frontage that defines the desired experience at the three main entry points from the Tollway into the Town 3 Current Corridor Context •The Vision is needed as a tool to guide future decisions as Prosper is in the “hot zone” of horizontal expansion •Most of the DNT/380 intersection is zoned PD with related concept development plans •Existing PD’s display a contrast between green campus (Children’s & Prestonwood) and midrise mixed-use residential w/ car-oriented retail and employment uses. Downtown is not highlighted/recognized within this arrangement as well •Given these were not planned as a whole, this collection lacks a distinctive identity and doesn’t provide hierarchy in open space, building form and landscaping •These PD’s are quite old and the related concept plans are likely outdated, and in need of a new strategy to properly meet market potential and community desire I. INTRODUCTION Children’s Health Page 29 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Competing DNT Frontage Developments •There are other urban villages to the south that have a clear hierarchy of experience, while providing greater density and urbanity. •As these competing developments are closer to preexisting market demand drivers and population centers, special care must be given to understanding their offerings so that the development that occurs in Prosper is best positioned for competitive success •The development form these competing centers are planned to create consists of urban mixed-use density and “cityscape” experiences. Final development plans Prosper’s frontage should provide a contrast to avoid creating a lesser - positioned yet similar product format 4 Firefly Park JC Penny’s Mixed-Use Page 30 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY II. Policymaker Questionnaire Executive Summary of Concepts from Responses: Create a Better Version of Southlake 1. Create a regional destination “node” at 380/DNT interchange (from 380 to First) •Emphasis on health care and life sciences employers •Mixed-use for daytime and nighttime activity •Pleasant walkable streetscapes and open spaces •Well connected into adjacent districts 2.Elsewhere, build on Town’s “small town identity” and sense of “exclusivity” to differentiate •Don’t allow common sprawl to dilute the frontage; focus on entry points •Emphasize quality, strong landscaping, “hidden” parking, and memorable design •Ensure a positive connection from the frontage to Downtown as a key differentiator •Maintain smaller scale of development, including some residential in the frontage •Work with developers to “curate” the view from the Tollway to achieve desired results 3. Stay the course -- Be patient to get the right developments/users, and form strategic partnerships to get what the Town wants 5 Page 31 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Responses to DNT Frontage Visioning Questionnaire Question 1 Which cities do you feel have the right brand / identity for Prosper's DNT frontage zone, and what are those traits? EDC #CC # Total % Responses Council % Responses Cities Identity Traits 2 3 14%20%Southlake Smaller town feel, high -end development, Town square, reputation 3 2 14%13%Frisco Destination developments, health and sports hub, open spaces, standards 1 2 9%13%Plano Corporate office, mixed-use places, retail redevelopment 2 6%13%Arlington, TX Entertainment and sports hub with Texas Live activity center 1 1 6%7%Allen Sense as master planned community, services nearby, open spaces, mixed-use places 1 1 6%7%McKinney PGA gateway, downtown 1 1 6%7%Grapevine Tourism destinations, downtown, special events 1 3%7%Richardson Tech hub, strong neighborhoods 1 3%7%Highland Park Exclusive brand. High-end residential. Non-commercial frontage 1 3%7%Coppell Sense as masterplanned community, quality development, standards 1 3%7%Westlake Corporate campuses , high-end sense 1 3%7%Naperville, IL Corporate campuses, blend of uses 1 3%7%Kansas City, MO Urban mixed-use, similar to Arlington's Texas Live by Cordish 1 3%0%Cupertino, CA Med-tech hub 1 3%0%Clearlake, FL Software tech/space hub 1 3%0%Carmel, IN Sense as a master planned community, diverse special events, patience 1 3%0%Franklin, TN Smaller town feel, safe, mixed-income housing variety, tourism 1 3%0%Sugarland, TX Safe, employment, schools & childcare, strong police/fire 1 3%0%Flower Mound Sense as master planned community 1 3%0%The Woodlands Blend of high-end residential, jobs and retail. Good commercial to residential transition 1 3%0%Addison Office frontage, good landscaping, mixed-use places 1 3%0%Huntsville, AL Space and tech focus 1 3%0%Fayetteville, AR N/A 1 3%0%Raleigh, NC N/A 1 3%0%Roundrock, TX N/A 1 3%0%Cedar Park, TX N/A 20 15 6 Page 32 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Responses to DNT Frontage Visioning Questionnaire Question 2 Should Prosper be a Self-Sustaining City (balancing jobs/housing) or an Enhanced Bedroom Community (some jobs & services; reliant on others) Self-Sustaining "City"Enhanced Bedroom Community (with some jobs & services) EDC #CC #% Responses EDC #CC #% Responses 5 3 62%Total Responses 2 3 38%Total Responses 50%Council-only 50%Council-only Question 3 Who do you see as Prosper's primary competitors, and what would differentiate Prosper from them? EDC #CC # Total % Responses Council % Responses Cities How Prosper Differentiates Itself from the Competitor 5 5 30%31%Frisco Key partnerships with key developers/users, maintain small town feel, strong development standards, small business focus, be patient and selective vs. market - opportunistic, build unique identity to induce interest 3 5 24%31%Celina Maintain strong demographics, small town feel, lower density, strong sense of exclusivity, speed up downtown redevelopment, avoid MUD/PID's, be patient/selective 3 3 18%19%McKinney Key partnerships with key developers/users, strengthen tax base, speed up downtown redevelopment, better positioned residential uses in lower density 1 3%6%Dallas Focus on getting users to locate in Prosper vs. Dallas 1 3%6%Fort Worth Focus on getting users to locate in Prosper vs. Fort Worth 1 3%6%Grapevine Provide amenities that attract young families and communicate we have better traffic 2 6%0%Southlake Maintain strong demographics, small town feel, build exclusivity brand, practice patience 1 3%0%Plano Key partnerships with key developers/users, high development standards 1 3%0%Coppell N/A 1 3%0%Rockwall Closer to the airport 1 3%0%Flower Mound Landscaping/lighting standards, employment/low dens frontage, ped connectivity, TH's 17 16 Question 4 What impact/presence should Prosper’s Downtown have on the development of the DNT frontage? Minimal Presence in Frontage Recognizable Presence in Frontage EDC #CC #% Responses EDC #CC #% Responses 2 1 25%Total Responses 5 4 75%Total Responses 20%Council-only 80%Council-only 7 Page 33 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Successful communities are based on scaling modules associated with walkable neighborhoods. ➢Neighborhoods are based on a 10-minute walking distance to anywhere in the community, and all have some sort of unique central place. ➢Neighborhoods combine to form Villages, and Villages combine to form Towns. All being interconnected through a street and open space system. ➢Corridors connect centers and are orchestrated to avoid “sameness” along the way. III. VISION FUNDAMENTALS Community Scaling Seams and Connectors DNT/380 Downtown DNT/380 8 A.Planning Framework Considerations for the Planning Framework Page 34 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Organized by scaled neighborhoods Successful Precedents of this Approach Organized by identifiable places 9 Page 35 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Southlake – more frontage landscaping Plano/Frisco – less landscaping, more connection Southlake – hierarchy of development patterns Plano/Frisco – more “sameness” along frontage Experience of the Frontage – How to further position Prosper differently; Comparing Southlake to Plano/Frisco 10 Page 36 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY 11 •The large area of open land is an identifiable anomaly along the DNT, and currently helps to distinguish Prosper as a “low density” and somewhat “rural” community •In reality, it is a zone that simply lacks infrastructure and present market impetus, but is entitled to allow a development form that is similar to what has occurred in Frisco and Plano •This block of undeveloped land is not the same across the frontage. How it is accessed from the Tollway, what its adjacencies with existing community form look like, and proximity to Downtown show a more complicated arrangement of land parcels •These land parcels all fall under different ownerships, making coordinated development more difficult but most important in shaping a desired outcome across the frontage •The frontage land itself is also part of a series of neighborhoods based on a 10-minute walk. This consideration will be important to consider in the ultimate development plans not feeling like disconnected “sprawl” Analysis of the Existing Planning Framework Page 37 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY 12 •There is a lot of “sameness” in the collection of approved PD’s which could lead to a very common “suburban” look defined by pad sites, surface parking, strip commercial buildings, etc. Given the PD’s are likely outdated, there is potential for the Town and the property owners to create “tweaks” and revisions to these plans that meets both market and community objectives. This combined with the differentiating of the 3 intersections along the Tollway described here will help improve the end experience of the frontage. Page 38 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY •A true Market-Based approach makes land available to what the market is consuming (end-users), through profit-based implementation techniques (developers), over time (economy) •The Town is in it for the long run, and a planning vision is needed to guide regulation to help create the desired experience for the community’s front door(s). This vision informs regulation that becomes the tool to navigate the end result to both accommodate and deny typical market pressures to allow the “low hanging fruit” land uses that are always available •DFW’s high population growth has generated an easy demand in apartments, smaller lot single-family, and industrial as the primary land use that has attracted capital over the past decade. Prosper has gained more than a normal share of high-end single family which is to be heralded, as the Town did not cater to the easiest route that follows such demand only. However, a number of the existing PD’s do identify such uses and need to be properly positioned through the framework plan to keep them from dominating the frontage identity Undesired Outcomes: (-) Too much of a single land use or building type allowed in a short period. (-) City crafts a vision that is contrary to market realities and doesn’t experience growth Desired Outcomes: (+) Leverage some of the easier-to-implement uses the Market wants to deliver through a framework that creates a greater -than-market outcome (+) Ensure that this vision and planning framework is positioned to create initial successes in a manner that helps the marketing to the more challenging uses (such as employment) to desire to be in the frontage zone (+) Combine this information in a Vision that shows the existing landowners this approach will provide them with greater success than present one will B. Land Use Potential MARKET Based on Growth, Location, Supply & Demand REGULATION Based on the City’s Vision of its Future 13 Market-Based Lens Page 39 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY The opportunity to control the Town’s front door may rely more on the DNT intersections at First St. and Prosper Trail, due to the following: 1. 380/DNT (regional intersection) has overlap with 121/DNT intersection trade area, and development plans are already approved 2. 380 frontage is less impactful due to nature of “cut through” traffic, transactional retail / service uses and rear of residential lots 3. Prosper Trail 289/DNT (future sub-regional intersection) will require future surrounding density and will cater to cut through traffic. This is more like the location of Frisco’s DNT/Main Street intersection frontage than the Legacy frontage 4.Land use potential has been measured within a 15-minute drive time trade area for restaurant patron capture. This comprises the full far north DFW community, both what is in place in Prosper/Frisco/Celina as well as what is to come 5.This potential is measured on a 10-minute drive time (Core) trade area for housing, retail and employment capture. This comprises the area most influenced by the Tollway / Hwy 380 intersection 6.How the highway interchange area is developed (from the perspective of placemaking and programming) will determine whether this area is desirable for employment uses Trade Area Analysis Page 40 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY 10 -year Trade Area Programming Analysis Summary 15 1.Restaurants: Growth over a 10-year period is forecasted to create nearly 200k sf of building space as captured within the frontage area. 2.Retail/Entertainment: Due to the current amount of retail/entertainment in the trade area, there appears to be roughly 100k sf of retail and entertainment space 3.Hotel: It appears a full-service hotel is warranted within the next 10 years 4.For Sale Residential: There is potential for 3000 +/- units in urban formats that would be appropriate within this frontage area 5.For Lease Residential: There is potential for 1500 +/- units in various densities of rental residential and senior living within this 10 -year period for the frontage area 6.These forecasted uses reflect over $4B in private investment over a 10-year period, yielding $22M in tax income over that period 7.What is currently zoned through PD’s would yield more than this 10 -year programming calculation It can be helpful to combine traditional land uses within an identified District strategy that emphasizes activities and primary uses. The types of districts shown below have been extrapolated from the policymaker questionnaire answers, with considerations following each for further review. The following summary reflects forecasted land use for planning purposes over a 10-year period. These amounts are tied to qualified forecasted population and employment growth based on ACS, Census, ESRI and NCTCOG projections. Programmatic Types Considerations . 1.Commercial Mixed-Use Existing PD’s 2.Life Science Campus Small component of total 3.Sports / Entertainment Needs anchor; already in Frisco 4.Corporate Campus Small component of total 5.Residential Community Easy to implement 6.Innovation District Can incorporate themes above The backup behind the specific programming calculations summarized here follow over the next few pages. Page 41 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Special Note: Due to the amount of 2024-25 vacancy in the trade area, office development in near term will be limited to build -to-suit/tenant driven 16 Page 42 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Retail and Restaurant Programming Special Note: The total discounted amount of 561k sf is across all retail categories of shopping activity. It does not refl ect a further discount related to on -line vs. brick and mortar shopping. This will need to be determined through discussion with brokers. Bottom line, it is likely that this shopping activity would manifest itself physically through mixed -use, experience -based developments rather than strip center development. 17 Page 43 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Special Note: The discounted unit counts by for sale / for lease are based on existing % splits between each and qualifying HH incomes 18 Page 44 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Source: ESRI, NCTCOG, Catalyst 19 Page 45 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Special Note: These demand-based estimates are conceptual in nature. A detailed supply analysis would be required to better de fine capture rates coupled with interviews of key regional implementers by use 20 Page 46 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY 21 Community Engagement Outdoor Activity Income/Age Housing ChoiceNeighborly Connection •Neighborhood events •Community organizations •Awareness and inclusion •Connection with others DNT Context: Programming of “town center” professionally managed to ensure success •Diverse venues; active and passive programs •Connection to Nature •Unique in the region DNT Context: Frontage contains at least one active venue and access to reimagined Nature •Housing offerings for range of life stages & demographics •Allow for move-up and consolidation along the way DNT Context: Frontage offers such options, as well as reevaluation of all neighborhoods •Mixed-Use activity center •Housing focus, with jobs & services as amenity •Designed for interaction DNT Context: Frontage acts as “town center” with connections to each adjacent neighborhood Sources: ULI, Builder Magazine, Hillwood, Brookfield, Newland, Del Webb, Prosper Community Experience 1 – The “Amenitized Town” Bedroom Community with some employment and services, offers amenities described herein, and is consistent with these private strategies C. Desired Experiences Page 47 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY •Provide water access in different ways •Efficient and sustainable design DNT Context: Provide a signature water experience in a focal point along the Frontage •Promoting health/wellness in design and operations •Passive and active health uses planned in community DNT Context: Help incentivize the establishment of “Zen” places and health-centered uses •Flexibility in design of homes and businesses •Wireless open spaces •Plan for tech evolution DNT Context: Help incentivize the establishment of places that are conducive to remote-working •Great schools •Safe neighborhoods •Convey peace of mind as the community mindset DNT Context: Highlight connection to the High School and investigate funding program for augmented pay Sources: ULI, Builder Magazine, Hillwood, Brookfield, Newland, Del Webb, Woodlands Operating Co Remote Working Water Experiences Living Well/Mindfulness Education and Safety 22 Page 48 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY The “Amenitized Town” – Case Study Southlake, TX Risk of achieving this in Prosper: Ability to ”tweak” existing PD plans and related frontage development pattern Community Core Community Services •Amenitized shopping experience within mixed--use town center setting •Primary community uses within the town center including special events parks •Hotel and health care offerings along highway •Kept to high quality standard to convey high-end identity Upscale Neighborhoods/Housing •Hotel and health care offerings along highway •Kept to high quality standard to convey high-end identity 23 Page 49 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Community Experience 2 – The “Self-Sustaining City” Fully integrated community in which there is a direct relationship between jobs and housing, while maximizing tollway frontage for commercial mixed use Risk of achieving this in Prosper: Scale of frontage and ability to ”tweak” existing PD plans and related development patter n Mix of Jobs and Housing •Tax base is equally divided between commercial and residential land uses •Employment delivered through a city- center core district Integrated Streets/Open Space •Street system planned with open space system to amenitize parcels within the core •Combination of regional, local and transit lines provide throughput Suburban “Downtown” •Identifies as a premier employment centers in the region, offering amenities, uses, and services to employees, while providing an active center for residents 24 Page 50 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY The “Self Sustaining City” – Case Study Las Colinas (N. Irving), TX Risk of achieving this in Prosper: Ability to ”tweak” existing PD plans and related frontage pattern Employment Center Mixed-Use Town Center •Largest suburban office grouping in Texas •Coordinated with regional transportation systems and master open space network •Quality development standards •Restaurants, entertainment, office, hotel, conference, housing & open space within a walkable urban center setting Diversity of Housing •For sale detached, attached, for lease, flats, apartments, townhomes, seniors, extended stay •Quality development standards 25 Page 51 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY The “Exclusive Community” The seven wealthiest suburbs in the US: Municipality HH Income Population Scarsdale (NYC)$568,942 19,000 Highland Park (DFW)$502,823 9,000 Rye (NYC)$405,074 44,000 West Univ Place (Hou)$404,000 15,000 Los Altos (San Jose)$401,000 31 ,000 Paradise Valley (PHX)$385,643 13,000 University Park (DFW)$381 ,235 26,000 Prosper is within a select group of communities… Take-aways: Those in Green do not have a primary commercial identity along their respective highways 26 Page 52 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY The “Exclusive Community” – Case Study Westlake, TX A. Gained Panache as Corporate HQ Destination -- Charles Schwab Campus -- Deloitte University Campus -- Fidelity Investments Regional Campus B. Hi-End & Hi-Amenitized Housing (Vaquero Club) C. Uses Adjacent Communities for Service Needs (Southlake, Roanoke, etc) Risk of achieving this in Prosper: Existing PD zoning and related frontage identity 27 Page 53 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGYDNT 380 289 Community Secondary Regional Secondary Community Primary Downtown IV. VISION PLAN Smaller urban development Community -scaled development & open spaceCommunity Secondary Community Secondary Community Primary Larger urban development Singular identity across DNT Smaller urban development Strong corridor and streetscape Campus & Landscape Experience Regional Primary 28 Page 54 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Regional District DNT / SH 380 Legacy, Plano Regional Primary Downtown 29 Page 55 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Downtown District DNT / First & Downtown Downtown McKinney DowntownCommunity Primary 30 Page 56 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Community Districts DNT / 289 & Prosper Trail The Arboretum, Austin Community Secondary Regional Secondary 31 Page 57 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY Green Connecting Zones Downtown Exclusive Community Frontages Westlake – SH 114 The Woodlands / I-45 This Southlake/Westlake similarity has already begun Southlake, TX 32 Page 58 Item 5. TOLLWAY FRONTAGE AREA VISIONING STRATEGY V. PREFERENCES & IMPLEMENTATION Evolve Current Zoning to Create Community Gateways a.Prosper Trail – Education/Faith/Arts mixed-use b.First Street / Downtown – Mixed-use, Civic, Entertainment c.DNT/Frontier Parkway – Commercial mixed-use •Village-scaled buildings with street and open space connections within compact experience Evolve Current Standards to Create Green Connections •Emphasize lower density development •Strong landscape planting and setbacks Evolve Current Zoning to Create Regional Gateway – DNT/380 •Regional node w/urban and campus buildings •Employment destination with health focus •Supporting mixed-use development •Parking deemphasized; walkability emphasized Implementation Steps 1.Hold Broker discussions to confirm “proof of concept” 2.Prepare small area plan that starts with existing PD’s 3.Prepare infrastructure funding plan based on phasing concept 4.Hold property owner discussions 5.Refine existing zoning into one frontage district with subdistricts per this Vision 33 Downtown Regional Secondary `Community Secondary Community Primary Regional Primary Page 59 Item 5. TOWN OF PROSPER, TEXAS RESOLUTION NO. 2025-XX A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ADOPTING THE 2025 DALLAS NORTH TOLLWAY FRONTAGE AREA – VISIONING STRATEGY; MAKING FINDINGS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on November 17, 2024, the Town entered into an agreement with The Catalyst Group to prepare a vision and development plan for the frontage along the Dallas North Tollway (DNT) corridor located within the town limits of the Town of Prosper; and WHEREAS, thereafter, Town staff and The Catalyst Group diligently worked with the Town Council and the Prosper Economic Development Corporation to receive input, discuss, consider, and make recommendations about the various components of the plan; and WHEREAS, after months of detailed study, a joint and individual work session, and consultant review and analysis, the 2025 Visioning Strategy process has concluded, and the 2025 Visioning Strategy is now ready for adoption by the Town Council. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, THAT: SECTION 1 All of the above premises are hereby found to be true and correct factual findings of the Town of Prosper and they are hereby approved and incorporated into the body of this Resolution as if copied in their entirety. SECTION 2 The 2025 Dallas North Tollway Area Frontage Area – Visioning Strategy, attached hereto as Exhibit A, is hereby adopted in its entirety. Said Plan shall not commit the Town of Prosper on any specific funding levels or capital investment commitments. The Plan will serve as a planning framework concept and guide for Prosper elected and appointed leaders and staff to consider implementation strategies for the viability and long-term economic growth of the Dallas North Tollway corridor. SECTION 3 This Resolution shall be effective from and after its passage by the Town Council. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ON THIS 25TH DAY OF MARCH, 2025. ___________________________________ David F. Bristol, Mayor Page 60 Item 5. Resolution No. 2025-XX, Page 2 ATTEST: ____________________________________ Michelle Lewis Sirianni, Town Secretary APPROVED AS TO FORM AND LEGALITY: ____________________________________ Terrence S. Welch, Town Attorney Page 61 Item 5. Resolution No. 2025-XX, Page 3 EXHIBIT A 2025 DALLAS NORTH TOLLWAY FRONTAGE AREA – VISIONING STRATEGY Page 62 Item 5. Page 1 of 2 To: Mayor and Town Council From: Mario Canizares, Town Manager Through: Mario Canizares, Town Manager Re: Dallas North Tollway (DNT) Visioning Approval Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 3. Commercial Corridors are ready for Development Agenda Item: Consider an act upon a Professional Services Agreement with the Catalyst Group for consulting services to implement the 2025 Dallas North Tollway Frontage Area – Visionary Strategy for $117,000. Description of Agenda Item: In November 2024, The Town entered into an agreement with Paris Rutherford of the Catalyst Group to perform consulting services to prepare a vision plan for the Dallas North Tollway (DNT). A public meeting was held on January 16, with the Town Council and Prosper Economic Development Corporation (PEDC). This meeting consisted of revieing commercial, housing, economic, and demographic information of Prosper and the surrounding areas. In addition, the discussion involved reviewing the history of commercial developments from other parts of the DFW region, state of Texas and outside of the state. The meeting also included seeking input regarding desired development along the DNT corridor from both the Town Council and PEDC members, including the Town Manager and the PEDC Executive Director. Based on the input from the January 2025 meeting, the Council, Town Manager, and Mr. Rutherford met in a public meeting on February 6 to review the inputs from the previous meeting and begin to hone-in on the desired approach for the DNT Vision plan. Mr. Rutherford has taken all the inputs, comments and desired outcomes and proposed a 2025 Dallas North Tollway Frontage Area – Visionary Strategy that the Town Council can consider adopting on March 21, 2025. The Town Council desires to begin implementing the strategies identified in the DNT Visioning Strategy and requests that the Catalyst Group provide a proposal for this work. Mr. Rutherford has provided a proposal with a scope to conduct the following: Holding broker discussions to “proof of concept” the visioning strategy adopted by the Town of Prosper, evaluate all Planned Developments along the DNT, prepare a small area plan with the existing PD’s, consolidate an infrastructure plan with input from Town Staff, hold discussions with DNT property owners and stakeholders with an emphasis to seek buy in to the Town’s vision for development along the DNT TOWN MANAGER Page 63 Item 6. Page 2 of 2 corridor, refine the existing zoning into a frontage DNT zoning district, hold public and stakeholder meetings, and seek input, feedback, and presentations of these findings to the Town Council. Based on the scope of work, it is estimated that it will take approximately six months to complete. If the contract is approved, the work would begin in April 2025. Budget Impact: The cost of the proposed contract is $117,000 and it is currently unbudgeted in the FY 2024-25 budget. The Town Manager’s Office will work with the Finance Department to find the savings throughout the remaining fiscal year to cover this unbudgeted expenditure. Legal Obligations and Review: Terrence Welch of Brown & Hofmeister, L.L.P., has approved the attached documents as to form and legality. Attached Documents: 1. Professional Services Agreement and Timeline. Town Staff Recommendation: Town Staff recommends the Town Council approve authorizing the Town Manager to execute a Professional Services Agreement with the Catalyst Group for consulting services for the implementation of the strategies identified in the 2025 Dallas North Tollway Frontage Area – Visionary Strategy for $117,000. Proposed Motion: I move to approve authorizing the Town Manager to execute a Professional Services Agreement with the Catalyst Group for consulting services to implement the 2025 Dallas North Tollway Frontage Area – Visionary Strategy for $117,000. Page 64 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 1 PROFESSIONAL SERVICES AGREEMENT BY AND BETWEEN THE TOWN OF PROSPER, TEXAS, AND THE CATALYST GROUP THIS AGREEMENT is made and entered by and between the Town of Prosper, Texas, hereinafter referred to as the “Town,” and The Catalyst Group, an urban development consultant, hereinafter referred to as “Services Provider,” to be effective from and after the Parties’ execution date of this Agreement. W I T N E S S E T H: WHEREAS, the Town Council of the Town desires to engage the services of a qualified and respected consultant to assist in the Town’s visioning of the Dallas North Tollway corridor; and WHEREAS, Services Provider desires to render such services for the Town upon the terms and conditions provided herein. NOW, THEREFORE, for and in consideration of the covenants contained herein, and for the mutual benefits to be obtained hereby, the Parties hereto agree as follows: I. ENGAGEMENT The Town hereby agrees to retain Services Provider to serve as an urban development consultant to the Town as it evaluates the development of the Dallas North Tollway, and to provide services related thereto in accordance with the terms and conditions of this Agreement. II. SCOPE OF SERVICES The Parties agree that Services Provider shall perform such services as are further described in Exhibit A hereto (collectively “Scope of Services”). The parties understand and agree that deviations or modifications in the Scope of Services may be authorized from time to time by the Town, but said authorization must be made in writing. III. TERM OF AGREEMENT The initial term of this Agreement shall commence upon the execution of the Agreement by Town and Services Provider. IV. COMPENSATION AND EXPENSES Services Provider shall be paid for performance of the Scope of Services set forth in Exhibit A, in accordance with the compensation schedule set forth therein. Services Provider shall invoice the Town periodically for services rendered and the Page 65 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 2 Town agrees to pay Services Provider within thirty (30) days of the Town’s receipt of an invoice from Services Provider. V. INDEMNIFICATION SERVICES PROVIDER AGREES TO INDEMNIFY AND HOLD THE TOWN AND ITS RESPECTIVE OFFICERS, AGENTS AND EMPLOYEES, HARMLESS AGAINST ANY AND ALL CLAIMS, LAWSUITS, JUDGMENTS, FINES, PENALTIES, COSTS AND EXPENSES FOR PERSONAL INJURY (INCLUDING DEATH), PROPERTY DAMAGE OR OTHER HARM OR VIOLATIONS FOR WHICH RECOVERY OF DAMAGES, FINES, OR PENALTIES IS SOUGHT FROM THE TOWN ARISING OUT OF OR OCCASIONED BY SERVICES PROVIDER 'S BREACH OF ANY OF THE TERMS OR PROVISIONS OF THIS AGREEMENT, VIOLATIONS OF LAW BY SERVICES PROVIDER, OR BY ANY NEGLIGENT, GROSSLY NEGLIGENT, INTENTIONAL, OR STRICTLY LIABLE ACT OR OMISSION OF THE SERVICES PROVIDER, ITS OFFICERS, AGENTS, EMPLOYEES, INVITEES, SUBCONTRACTORS, OR SUB-SUBCONTRACTORS AND THEIR RESPECTIVE OFFICERS, AGENTS, OR REPRESENTATIVES, OR ANY OTHER PERSONS OR ENTITIES FOR WHICH THE SERVICES PROVIDER IS LEGALLY RESPONSIBLE IN THE PERFORMANCE OF THIS AGREEMENT. THE INDEMNITY PROVIDED FOR IN THIS PARAGRAPH SHALL NOT APPLY TO ANY LIABILITY TO THE EXTENT RESULTING FROM THE NEGLIGENCE OF THE TOWN, AND ITS OFFICERS, AGENTS, EMPLOYEES OR SEPARATE CONTRACTORS. THE TOWN DOES NOT WAIVE ANY GOVERNMENTAL IMMUNITY OR OTHER DEFENSES AVAILABLE TO IT UNDER TEXAS OR FEDERAL LAW. THE PROVISIONS OF THIS PARAGRAPH ARE SOLELY FOR THE BENEFIT OF THE PARTIES HERETO AND ARE NOT INTENDED TO CREATE OR GRANT ANY RIGHTS, CONTRACTUAL OR OTHERWISE, TO ANY OTHER PERSON OR ENTITY. VI. INDEPENDENT CONTRACTOR Services Provider covenants and agrees that it is an independent contractor and not an officer, agent, servant or employee of the Town; that it shall have exclusive control of and exclusive right to control the details of the work performed hereunder and all persons performing same, and shall be resp onsible for the acts and omissions of its officers, agents, employees, contractors, subcontractors and consultants; that the doctrine of respondeat superior shall not apply as between the Town and Services Provider, its officers, agents, employees, contractors, subcontractors and consultants, and nothing herein shall be construed as creating a partnership or joint enterprise between the Town and Services Provider. VII. ASSIGNMENT AND SUBLETTING Services Provider agrees that this Agreement shall not be assigned without the prior written consent of the Town. Services Provider shall be permitted to enter into subcontracts for performance of portions of the Scope of Services; however, Services Provider shall not subcontract the entirety of the Scope of Services to a single Page 66 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 3 subcontractor without the Town’s consent. Services Provider further agrees that the assignment or subletting of any portion or feature of the work or materials required in the performance of this Agreement shall not relieve the Services Provider from its full obligations to the Town as provided by this Agreement. VIII. CONTRACT TERMINATION The Parties agree that the Town shall have the right to terminate this Agreement upon thirty (30) days’ written notice to Services Provider. In the event of such termination, Services Provider shall deliver to the Town all finished or unfinished documents, data, studies, surveys, drawings, maps, models, reports, photographs or other items prepared by Services Provider in connection with this Agreement. In the event of termination by the Town, Services Provider shall be compensated for services rendered at the time of termination. IX. COMPLETE AGREEMENT This Agreement, including Exhibit A, constitutes the entire agreement by and between the Parties regarding the subject matter hereof and supersedes all prior or contemporaneous written or oral understandings. This Agreement may only be amended, supplemented, modified or canceled by a duly executed writ ten instrument. X. AMENDMENTS Amendments to this Agreement may be made at any time upon agreement by the Town and Services Provider. XI. MAILING OF NOTICES Unless instructed otherwise in writing, Services Provider agrees that all notices or communications to the Town permitted or required under this Agreement shall be addressed to the Town at the following address: Town of Prosper, Texas Attn: Mario Canizares, Town Manager 250 W. First Street Prosper, TX 75078 The Town agrees that all notices or communications to Services Provider permitted or required under this Agreement shall be addressed to Services Provider at the following address: The Catalyst Group Attn: Paris Rutherford 7001 Preston Road, Fifth Floor Dallas, TX 75205 Page 67 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 4 All notices or communications required to be given in writing by one party or the other shall be considered as having been given to the addressee on the date such notice or communication is posted by the sending party. XII. AUTHORITY TO SIGN The undersigned officers and/or agents of the Parties hereto are the properly authorized officials and have the necessary authority to execute this Agreement on behalf of the Parties hereto. XIII. MISCELLANEOUS A. This is a contract for the purchase of personal or professional services, and is therefore exempt from any competitive bidding requirements of the Town. B. Paragraph Headings: The paragraph headings contained herein are for convenience only and are not intended to define or limit the scope of any provision in this Agreement. C. Agreement Interpretation: This is a negotiated Agreement, should any part be in dispute, the Parties agree that the terms of the Agreement shall not be construed more favorably for either Party. D. Venue/Governing Law: The parties agree that the laws of the State of Texas shall govern this Agreement, and that it is performable in Collin County Texas. Exclusive venue shall lie in Collin County, Texas. E. Successors and Assigns: The Town and Services Provider and their partners, successors, subcontractors, executors, legal representatives, and administrators are hereby bound to the terms and conditions of this Agreement. F. Severability: In the event a term, condition, or provision of this Agreement is determined to be void, unenforceable, or unlawful by a court of competent jurisdiction, then that term, condition, or provision, shall be deleted and the remainder of the Agreement shall remain in full force and effect. G. Effective Date: Page 68 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 5 This Agreement shall be effective from and after the date of execution by the last signatory hereto as evidenced below. SIGNED on the date indicated below. THE CATALYST GROUP DATE: ______________________ BY:_____________________________ Paris Rutherford, President TOWN OF PROSPER, TEXAS DATE: BY:_____________________________ Mario Canizares, Town Manager Page 69 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 6 Exhibit A Scope of Services 1. Hold broker discussions to confirm “proof of concept” discussing the vision framework concepts contained in the Vision Plan. This would be with 4 leading brokerage houses that represent tenants and end users. Emphasis would be on discussing end-user desires, not just land sales. 4 meetings are anticipated to be held over a 3-week period, and a summary write up of these meetings will be the deliverable. — Fee: $3,000 2. Collect and evaluate all existing PD’s. This involves preparing a land use table showing what existing entitlement is allowed for use in each PD, density and FAR. It also places each physical framework in the context of the corridor and identifies challenges with the approved plans (if any) that need to be fixed if possible. Consultant would then meet with the Town Staff / Council members to go through its findings and have a discussion on the strategy approach desired for each PD. Town Staff will provide Consultant with all owner information broken out by parcel within the DNT Frontage zone within a Microsoft Excel spreadsheet that identifies the parcel number, ownership, and ownership that ties back to a cumulative graphic of these parcels with numerical callouts for each parcel. Town Staff would also provide all PD’s associated with each related parcel, and zoning code sections that pertain to the other parcels. This analysis will help define the small area plan and will start with Consultant meeting with Town Manager and Mayor to go over existing PD and related site plan at NE quadrant of 380/DNT with related comments. — This includes 2 meetings over 5-week period. Deliverable will be an expansion to the spreadsheet provided by Town Staff to include existing zoning use / density / quantity summary. — Fee: $8,000 3. Prepare a small area plan that starts with existing PD’s. — Based on the discussions held in the previous task, Consultant would prepare a land use and transportation framework plan for the DNT frontage area, showing road framework (primary and secondary), with the understanding the primary roadways would be, at minimum, public rights of way. Land use would be defined by ownership parcel with related uses/density/FAR. This would be placed in comparison to the spreadsheet by parcel prepared in the previous task. It is anticipated that the transportation and open space framework would be the same regardless of the degree/density of land use, which would be finalized through discussions with the landowners. This work is anticipated to occur over a 5-week period. Deliverable would be a planning framework plan — Fee: $30,000 4. Consolidate an infrastructure funding plan based on phasing concept — Consultant will have up to 3 meetings with Town Staff to go over the small area plan, discuss desired phasing based on access to existing inf rastructure, Page 70 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 7 and incorporate the Town Engineer’s opinion of probable cost into a spreadsheet that combines with the land use program. Town Staff would prepare an outline of how these costs would be funded by identified phase and source of funds for inclusion into Consultant’s presentation report. It is anticipated this work occurs over a 5-week period. — Fee: $6,000. 5. Town Council Discussion — Consultant will present this information to the Town Council for additional input and refine the documents accordingly in preparation for discussions with property owners — Fee: $2,000 6. Hold property owner discussions — Consultant will meet with frontage property owners in the frontage zone (with or without Town Staff and the Town Council subcommittee based on direction given to the Consultant). These meetings would take place in three worksessions grouping property owners by location within the frontage area. There will be separate individual meetings with property owners that have PD zoning outside of the overall worksessions. Consultant will present the Town’s desired vision and identify the comparison in land use between those with existing PD’s and the vision program. Consultant will also review the infrastructure funding plan concept prepared by Town Staff that goes with this small area planning. Emphasis would be placed on devising “win - win” strategies that allow the property owners to understand the benefits of going with the Town’s vision. The degree of “buy-in” and acceptance of these ideas by the property owners will be recorded for later discussion with the Town Council. It is not anticipated that full consensus will be achieved, but rather a clear understanding of what the options are that would allow the refined zon ing to advance will be discussed at the meeting with Town Council. Deliverable will be summary write up of issues determined by parcel. — Fee: $25,000 7. Refine existing zoning into one frontage district with subdistricts per this Vision — Consultant would work with the Town attorney to prepare the content text that would be placed into a new zoning District for the frontage area. It is anticipated this zoning would be broken down into subdistricts per the Vision Document. Consultant will provide performance language to the Town Attorney and provide input and editing once the Town Attorney prepares the formal legal document required for Town Council action. It is possible that existing PD’s may remain in place, some with revisions to match this new zoning, a nd others closer to what exists depending on the input received through the property owner discussions. Deliverable to be zoning performance standards memo. — Fee: $35,000 8. Hold public meetings on zoning concept — Consultant would work with Town Staff in presenting these concepts at 3 public meetings, broken down by each Page 71 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 8 mile section of the frontage zone. Consultant would take input from these meetings and make a revision as directed by Town Staff. — Fee: $6,000 9. Presentation to Town Planning and Zoning Commission and Town Council — We will present the final draft documents to a joint session of the Plan Commission and Town Council for review, comments and related refinements. Based on this input, we would make final edits to the zoning performance language. — Fee: $2,000 Compensation, terms and additional services This scope reflects a total fee of $117,000 over an anticipated 6-month work period excluding (a) time taken to schedule meetings, (b) time taken for Town Staff to prepare and deliver required information identified in the scope and schedule, (c) any additional services requested during the timeframe, or (d) unforeseen issues that develop along the way. Town Staff will arrange and host all meetings working off the schedule provided by Consultant and any updated schedule required due to such noted delays. All costs are built into this lump sum fee per the deliverables described in this Exhibit, and with the understanding deliverables are all digital. Consultant will invoice monthly basis by completion percentage of each task. Page 72 Item 6. PROFESSIONAL SERVICES AGREEMENT PAGE 9 Exhibit B Anticipated Schedule Page 73 Item 6. Page 1 of 2 To: Mayor and Town Council From: Pete Anaya, P.E., Assistant Director of Engineering Services – Capital Projects Through: Mario Canizares, Town Manager Chuck Ewings, Assistant Town Manager Hulon T. Webb, Jr., P.E., Director of Engineering Services Re: Professional Engineering Services Agreement: West Gorgeous Road (McKinley Street – Coleman Street) Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 1. Acceleration of Infrastructure Agenda Item: 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 West Gorgeous Road (McKinley Street – Coleman Street) project for $222,996. Description of Agenda Item: The services associated with this agreement are for the design of the West Gorgeous Road (McKinley Street – Coleman Street) project. The design includes approximately 700 linear feet of West Gorgeous Road from the LIV Development to Coleman Street. The proposed pavement section shall be a two-lane collector street section, 2LC. The project includes roadway and drainage design, waterline plan and profile for a 12” water main, sanitary sewer plan and profile, pavement marking and signage, erosion control, geotechnical services (as needed), hydrological and hydraulic modeling, Letter of Map Revision (LOMR), right of way and easement documents, and topographic survey. The project also includes bid phase services, construction phase services, and record drawings. At the October 24, 2023, Town Council meeting, the Town Council approved a list of qualified engineering firms, which included services for roadway engineering design. Garver, LLC, is included on the approved list and has successfully completed the design of multiple roadway improvement projects for the Town. Budget Impact: The cost for the design is $222,996. A total of $800,000 is budgeted in the FY25 CIP for Unprogrammed Future Projects, $230,000 will be transferred to Account No. ST202529-DESGN- PROFS. ENGINEERING SERVICES Page 74 Item 7. Page 2 of 2 Legal Obligations and Review: Terrence Welch of Brown & Hofmeister, L.L.P., has approved the attached documents as to form and legality. Attached Documents: 1. Professional Engineering Services Agreement 2. Location Map Town Staff Recommendation: Town staff recommends that the Town Council authorize 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 West Gorgeous Road (McKinley Street – Coleman Street) project for $222,996. Proposed Motion: I move to authorize 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 West Gorgeous Road (McKinley Street – Coleman Street) project for $222,996. Page 75 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 1 OF 16 PROFESSIONAL ENGINEERING SERVICES AGREEMENT BETWEEN THE TOWN OF PROSPER, TEXAS, AND GARVER, LLC FOR THE WEST GORGOUS ROAD CONSTRUCTION PROJECT PRJ # 2529-ST WEST GORGEOUS ROAD – MCKINLEY STREET TO COLEMAN STREET This Agreement for Professional Engineering Services, hereinafter called “Agreement,” is entered into by the Town of Prosper, Texas, a municipal corporation, duly authorized to act by the Town Council of said Town, hereinafter called “Town,” and Garver, LLC, a company authorized to do business in Texas, acting through a duly authorized officer, hereinafter called “Consultant,” relative to Consultant providing professional engineering services to Town. Town and Consultant when mentioned collectively shall be referred to as the “Parties.” W I T N E S S E T H: WHEREAS, Town desires to obtain professional engineering services in connection with the WEST GORGEOUS ROAD – MCKINLEY STREET TO COLEMAN STREET Project (PRJ # 2529-ST), hereinafter called “Project”; For the mutual promises and benefits herein described, Town and Consultant agree as follows: 1. Term of Agreement. This Agreement shall become effective on the date of its execution by both Parties, and shall continue in effect thereafter until terminated as provided herein. 2. Services to be Performed by Consultant. The Parties agree that Consultant shall perform such services as are set forth and described in Exhibit A - Scope of Services and incorporated herein as if written word for word. All services provided by Consultant hereunder shall be performed in accordance with the degree of care and skill ordinarily exercised under similar circumstances by competent members of their profession. In case of conflict in the language of Exhibit A and this Agreement, this Agreement shall govern and control. Deviations from the Scope of Services or other provisions of this Agreement may only be made by written agreement signed by all Parties to this Agreement. 3. Prompt Performance by Consultant. Consultant shall perform all duties and services and make all decisions called for hereunder promptly and without unreasonable delay as is necessary to cause Consultant’s services hereunder to be timely and properly performed. Notwithstanding the foregoing, Consultant agrees to use diligent efforts to perform the services described herein and further defined in any specific task orders, in a manner consistent with these task orders; however, the Town understands and agrees that Consultant is retained to perform a professional service and such services must be bound, first and foremost, by the principles of sound professional judgment and reasonable diligence. 4. Compensation of Consultant. Town agrees to pay to Consultant for satisfactory completion of all services included in this Agreement a total fee of Two Hundred Twenty Two Thousand Nine Hundred Ninety Six Dollars and Zero Cents ($222,996.00) for the Project as set forth and described in Exhibit B - Compensation Schedule and incorporated herein as if written word for word. Lump sum fees shall be billed monthly based on the percentage of completion. Hourly not to exceed fees shall be billed monthly based on hours of work that have been completed. Direct Costs for expenses such as mileage, copies, scans, sub-consultants, and similar costs are included in fees and shall be billed as completed. Consultant agrees to submit statements to Town for professional services no more than once per month. These statements will be based upon Consultant's actual services performed and reimbursable expenses incurred, if any, and Town shall endeavor to make prompt payments. Each statement submitted by Consultant to Town shall Page 76 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 2 OF 16 be reasonably itemized to show the amount of work performed during that period. If Town fails to pay Consultant within sixty (60) calendar days of the receipt of Consultant's invoice, Consultant may, after giving ten (10) days written notice to Town, suspend professional services until paid. Nothing contained in this Agreement shall require Town to pay for any work that is unsatisfactory as reasonably determined by Town or which is not submitted in compliance with the terms of this Agreement. The Scope of Services shall be strictly limited. Town shall not be required to pay any amount in excess of the original proposed amount unless Town shall have approved in writing in advance (prior to the performance of additional work) the payment of additional amounts. 5. Town’s Obligations. Town agrees that it will (i) designate a specific person as Town’s representative, (ii) provide Consultant with any previous studies, reports, data, budget constraints, special Town requirements, or other pertinent information known to Town, when necessitated by a project, (iii) when needed, assist Consultant in obtaining access to properties necessary for performance of Consultant’s work for Town, (iv) make prompt payments in response to Consultant’s statements and (v) respond in a timely fashion to requests from Consultant. Consultant is entitled to rely upon and use, without independent verification and without liability, all information and services provided by Town or Town’s representatives. 6. Ownership and Reuse of Documents. Upon completion of Consultant's services and receipt of payment in full therefore, Consultant agrees to provide Town with copies of all materials and documents prepared or assembled by Consultant as deliverables under this Agreement and that Town may use them without Consultant's permission for any purpose relating to the Project. ; provided however, any and all underlying intellectual property, if any (unless provided by Town), shall remain the property of Consultant such that Consultant may continue to perform its business in the normal course. Upon payment in full, Consultant hereby grants Town an irrevocable, non-exclusive, royalty free license to use the same for the purposes contemplated under this Agreement. Any reuse of the documents not relating to the Project shall be at Town's risk. Consultant may retain in its files copies of all reports, drawings, specifications and all other pertinent information for the work it performs for Town. 7. Town Objection to Personnel. If at any time after entering into this Agreement, Town has any reasonable objection to any of Engineer’s personnel, or any personnel, professionals and/or consultants retained by Engineer, Engineer shall promptly propose substitutes to whom Town has no reasonable objection, and Engineer’s compensation shall be equitably adjusted to reflect any difference in Engineer’s costs occasioned by such substitution. 8. Insurance. Consultant shall, at its own expense, purchase, maintain and keep in force throughout the duration of this Agreement applicable insurance policies as described in Exhibit C - Insurance Requirements and incorporated herein as if written word for word. Consultant shall submit to Town proof of such insurance prior to commencing any work for Town. 9. Indemnification. CONSULTANT DOES HEREBY COVENANT AND AGREE TO RELEASE, INDEMNIFY AND HOLD HARMLESS TOWN AND ITS OFFICIALS, OFFICERS, AGENTS, REPRESENTATIVES, EMPLOYEES AND INVITEES FROM AND AGAINST THIRD PARTY LIABILITY, CLAIMS, SUITS, DEMANDS AND/OR CAUSES OF ACTION, (INCLUDING, BUT NOT LIMITED TO, REASONABLE ATTORNEY'S FEES AND COSTS OF LITIGATION), WHICH MAY ARISE BY REASON OF DEATH OR INJURY TO TANGIBLE PROPERTY OWNED BY THIRD PERSONS OR BODILY INJURY OF PERSONS BUT ONLY TO THE EXTENT OCCASIONED BY THE NEGLIGENT ACT, ERROR OR OMISSION OF CONSULTANT, ITS OFFICIALS, OFFICERS, AGENTS, EMPLOYEES, INVITEES OR OTHER PERSONS FOR WHOM CONSULTANT IS LEGALLY LIABLE WITH REGARD TO THE PERFORMANCE OF THIS AGREEMENT. Page 77 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 3 OF 16 IN THE EVENT THAT TOWN AND CONSULTANT ARE CONCURRENTLY NEGLIGENT, THE PARTIES AGREE THAT EACH PARTY'S LIABILITY SHALL BE APPORTIONED ACCORDING TO THE RESPECTIVE PARTY'S FAULT AND RESPONSIBILITY AND THAT NEITHER PARTY SHALL BE REQUIRED TO DEFEND OR INDEMNIFY THE OTHER PARTY FOR THAT PARTY'S NEGLIGENT OR INTENTIONAL ACTS, ERRORS OR OMISSIONS.. 10. Notices. Any notices to be given hereunder by either Party to the other may be affected either by personal delivery, in writing, or by registered or certified mail to the following addresses: Garver, LLC R. Jake Bennett, P.E., CFM, Project Manager 3000 Internet Blvd, Suite 400 Frisco, TX 75034 RJBennett@GarverUSA.com Town of Prosper Mario Canizares, Town Manager PO Box 307 Prosper, TX 75078 mcanizares@prospertx.gov 11. Termination. The obligation to provide further services under this Agreement may be terminated by either Party in writing upon thirty (30) calendar days notice. In the event of termination by Town, Consultant shall be entitled to payment for services rendered through receipt of the termination notice. 12. Sole Parties and Entire Agreement. This Agreement shall not create any rights or benefits to anyone except Town and Consultant, and contains the entire agreement between the Parties. Oral modifications to this Agreement shall have no force or effect. 13. Assignment and Delegation. Neither Town nor Consultant may assign its rights or delegate its duties without the written consent of the other Party. This Agreement is binding on Town and Consultant to the extent permitted by law. Nothing herein is to be construed as creating any personal liability on the part of any Town officer, employee or agent. 14. Texas Law to Apply; Successors; Construction. This Agreement shall be construed under and in accordance with the laws of the State of Texas. It shall be binding upon, and inure to the benefit of, the Parties hereto and their representatives, successors and assigns. Should any provisions in this Agreement later be held invalid, illegal or unenforceable, they shall be deemed void, and this Agreement shall be construed as if such provision had never been contained herein. 15. Conflict of Interest. Consultant agrees that it is aware of the prohibited interest requirement of the Town Charter, which is repeated in Exhibit D - Conflict of Interest Affidavit and incorporated herein as if written word for word, and will abide by the same. Further, a lawful representative of Consultant shall execute the Affidavit included in the exhibit. Consultant understands and agrees that the existence of a prohibited interest during the term of this Agreement will render the Agreement voidable. Consultant agrees that it is further aware of the vendor disclosure requirements set forth in Chapter 176, Local Government Code, as amended, and will abide by the same. In this connection, a lawful representative of Consultant shall execute the Conflict of Interest Questionnaire, Form CIQ, attached hereto as Exhibit E - Conflict of Interest Questionnaire and incorporated herein as if written word for word. 16. Venue. The Parties herein agree that this Agreement shall be enforceable in Prosper, Texas, and if legal action is necessary to enforce it, exclusive venue shall lie in Collin County, Texas. 17. Mediation. In the event of any disagreement or conflict concerning the interpretation of this Page 78 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 4 OF 16 Agreement, and such disagreement cannot be resolved by the signatories hereto, the signatories agree to submit such disagreement to non-binding mediation. 18. Prevailing Party. In the event a Party initiates or defends any legal action or proceeding to enforce or interpret any of the terms of this Agreement, the prevailing party in any such action or proceeding shall be entitled to recover its reasonable costs and attorney’s fees (including its reasonable costs and attorney’s fees on any appeal). 19. “Anti-Israel Boycott” Provision. In accordance with Chapter 2270, Texas Government Code, a Texas governmental entity may not enter into a contract with a company for the provision of goods or services unless the contract contains a written verification from the company that it: (1) does not boycott Israel; and (2) will not boycott Israel during the term of the contract. Chapter 2270 does not apply to a (1) a company that is a sole proprietorship; (2) a company that has fewer than ten (10) full-time employees; or (3) a contract that has a value of less than One Hundred Thousand Dollars ($100,000.00). Unless the company is not subject to Chapter 2270 for the reasons stated herein, the signatory executing this Agreement on behalf of the company verifies by its signature to this Agreement that the company does not boycott Israel and will not boycott Israel during the term of this Agreement. 20. Signatories. Town warrants and represents that the individual executing this Agreement on behalf of Town has full authority to execute this Agreement and bind Town to the same. Consultant warrants and represents that the individual executing this Agreement on its behalf has full authority to execute this Agreement and bind Consultant to same. 20. Waiver of Consequential Damages. NOTWITHSTANDING ANYTHING IN THE AGREEMENT TO THE CONTRARY, NEITHER PARTY (INCLUDING ITS SUBCONSULTANTS, AGENTS, ASSIGNEES, AFFILIATES AND VENDORS) SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL, CONSEQUENTIAL, INDIRECT, PUNITIVE, EXEMPLARY OR INCIDENTAL DAMAGES OF ANY KIND REGARDLESS OF THE CAUSE OR ACTION (INCLUDING NEGLIGENCE OF ANY KIND OR CHARACTER INCLUDING GROSS NEGLIGENCE). IN WITNESS WHEREOF, the Parties, having read and understood this Agreement, have executed such in duplicate copies, each of which shall have full dignity and force as an original, on the _______ day of _______________________, 20____. GARVER, LLC By: Signature Wendy G. Travis, AICP Printed Name Vice President Title Date TOWN OF PROSPER, TEXAS By: Signature Mario Canizares Printed Name Town Manager Title Date Page 79 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 5 OF 16 EXHIBIT A SCOPE OF SERVICES PROFESSIONAL ENGINEERING SERVICES AGREEMENT BETWEEN THE TOWN OF PROSPER, TEXAS, AND GARVER, LLC FOR THE WEST GORGOUS ROAD CONSTRUCTION PROJECT PRJ # 2529-ST WEST GORGEOUS ROAD – MCKINLEY STREET TO COLEMAN STREET I. PROJECT DESCRIPTION – PRJ # 2529-ST The project involves improvements for the design approximately 700 linear feet of W Gorgeous Road from the LIV Townhome Development to Coleman Street (Paving, Drainage, Water, and Sanitary Sewer). The proposed pavement section shall be a two-lane collector street section, 2LC. The project includes roadway and drainage design, waterline plan & profile for 12” water main, sanitary sewer plan & profile, pavement markings and signage and erosion control. a. Will require the filing of a LOMR with FEMA. b. Submittals to include (60% & 90% design, Final design, and Signed and Sealed sets). c. Garver shall utilize the design from the Clay Moore plans as a starting point for the 60% design. d. No Traffic Control Plans are anticipated or included with this contract amendment. e. No sidewalks are anticipated along Gorgeous Road. (Parkway will be benched at 1.5% max cross slope for future sidewalks as per the Town’s typical section) f. Cardinal Strategies will update the existing FEMA hydraulic model at 60%, 90%, and Final Design. They will also file the LOMR once the project is completed and re-surveyed. II. TASK SUMMARY Task 1 – Roadway, Drainage, Water & Sewer Design. A. PRELIMINARY DESIGN (60%) 1. Plot existing topographic features on (11” x 17”) plan and profile sheets (1”=40’ horizontal and 1”=5’ vertical). 2. Prepare plan and profile drawings for Gorgeous Road showing proposed outside lane top of curbs and existing ground at the existing ROW or proposed ROW where additional ROW is needed. 3. Cover sheet and general notes. Town standard general notes will be provided, no modifications shall be included in this scope. 4. Provide typical roadway sections. 5. Provide horizontal and vertical control within project design area tied to Town of Prosper Benchmarks. 6. Prepare Removal Plans. 7. Drainage Area Map for roadway storm sewer. 8. Drainage Area Map for offsite drainage. 9. Storm drainage design under roadway within ROW. 10. Prepare Storm Drain Plan & Profiles. 11. Prepare Culvert Plan & Profiles. 12. Prepare Hydrologic and Hydraulic tables associated with proposed storm drain. 13. Waterline and Sanitary Sewer Plan & Profile Sheets. 14. Prepare Signing and Pavement Marking Sheets. 15. Prepare Erosion Control Sheets. 16. Cross Sections @ 50’ maximum intervals and at intersections and driveways. 17. Update H&H Model 18. Conduct Quality Assurance Review of design Page 80 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 6 OF 16 19. Prepare opinion of probable cost. 20. Submit two sets of preliminary construction plans (11” x 17”) and PDF at 60% for Town staff review and comments. 21. Submit preliminary ROW / Easement parcel legal and exhibit documents if needed based upon 60% design. The Town is expected to pay 100% of the cost per each of these preliminary documents since time and effort will be required to develop them, even if they do not go to a final sign document. We are scoping 3 ROW and 2 easement documents. 22. Prepare and submit invoices with reports indicating work progress and any design issues that may arise. 23. Maintain contact with the Town personnel during the project design. B. PRELIMINARY DESIGN (90%) 1. Address 60% review comments. 2. Prepare Quantity Summary Sheets. 3. Town Standard Details, NCTCOG Details, and TxDOT Details 4. Update H&H Model 5. Conduct Quality Assurance Review of design 6. Revise opinion of probable cost. 7. Submit two sets of preliminary construction plans (11” x 17”) and PDF at 90% for Town staff review and comments. C. Final Design Submittal 1. Address 90% review comments. 2. Update H&H Model 3. Conduct Quality Assurance Review of design 4. Revise opinion of probable cost. 5. Submit two sets of preliminary construction plans (11” x 17”) and PDF at Final Design for Town staff review and comments. D. Signed & Sealed Submittal 1. Address Final Design submittal review comments. 2. Conduct Quality Assurance Review of design 3. Revise opinion of probable cost. 4. Submit two sets of preliminary construction plans (11” x 17”) and PDF for Town staff review and comments. a. Provide signed and sealed plans and items for the bid book. Items include excel files of bid items quantities along with any project specific details and/or specifications that are not included in the NCTCOG specifications or TxDOT specifications. The Town will generate the Bid Book. Task 2 – Topographic & Boundary Survey. A. Topographic and Boundary Survey will cover approximately 670 linear feet beginning at the west line of Coleman Street opposite Gorgeous Road extending across the Goodwill property west to the eastern limit of the newly constructed McKinley Street/Gorgeous Road terminus in the Final Plat of Railroad Addition. The survey will include at least 60 feet of existing improvements on the newly constructed roadway tie in. Topographic surveying will detail the existing drainage swale along the northern Goodwill property line, far enough south to cover beyond expected roadway design needs (~150 feet), far enough north of the property line to tie in any needed grading (~50ft), and 200 feet along the existing swales entering the property line Page 81 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 7 OF 16 swale from the north and south. To the north, this distance will connect to the existing Coleman Street topographic survey of this swale. See the included KML of this area. B. Surveyor will make a reasonable effort to request Texas811 to completely mark underground utilities within the new topographic survey limits. Garver does not accept responsibility for unresponsiveness by Texas811 or locating utilities not marked by Texas811. Notify Town of any non-responsive ticket requests. C. Surveyor will attempt to open any manhole covers that are functioning properly. Assistance may be required from the Town. Surveyor will contact the Town for this assistance. Flowlines will be surveyed if manhole lids can be opened. D. Top nut of the water valves will be surveyed within the project limits. E. Rectangular utility vaults, hand holes, etc. will have at least 3 corners surveyed to determine size. F. Circular objects (drilled shafts, manholes, etc.) will have the diameter measure and provided. G. Survey control will be set at each end of the project and at 500-foot intervals and outside the proposed construction area where possible and tied to Town of Prosper benchmarks. H. Survey control or ROW monuments other than iron rods or ‘x’ cuts in existing concrete will be provided as an additional service. I. Resetting disturbed control points for construction shall be an additional service. J. Obtain and review all pertinent plats and deeds, locate available boundary monuments in the field, plot deeds and plats, and set down the property boundaries and ROW in CAD. K. Title surveys for each parcel shall be provided by the Town if existing easements on unplatted properties must be located. L. Subsurface utility engineering (S.U.E.) or mapping underground utilities is not included. M. Boundary Survey does not include a signed/sealed exhibit of the area surveyed, it includes a deliverable of only the CAD file. N. R.O.W. and easement document preparation has been included as a Special Service on a cost per document: 1. Metes & Bounds Right-of-Way, Purchase or Standalone Easement Exhibit Signed/Sealed by a Texas RPLS (3 each) 2. Additional Easement added to an Exhibit from a common parent tract Signed/Sealed by a Texas RPLS (2 each) 3. An exhibit for all required temporary construction areas will be created per property. These exhibits will not be signed and sealed by a licensed professional and will contain all the necessary information to be considered recoverable, including but not limited to dimensional control, northings/eastings, bearings, distances, etc. Task 3 - Geotechnical Services. A. Provide two (2) geotechnical boring samples (assumes 20 feet deep) between LIV Townhome Development and Coleman Street. B. The borings will be drilled and tested according to TxDOT requirements. C. Representative soil samples will be obtained by means of the split-barrel samplers in accordance with ASTM specifications D-1587 and D-1586, respectively. D. Groundwater levels will be measured during drilling and at the completion of each boring. E. Drilling equipment will be ATV-mounted drill rig. F. Geotechnical consultant will contact Texas811, the local “one call” service and Town of Prosper to confirm that the boring locations are not likely to be in conflict with underground public utilities. Gaver will not be responsible for utility repairs where utilities were not correctly marked by public or private agencies. G. This proposal assumes that no special permits or work outside of normal working hours will be required. H. Upon completion of subsurface exploration drilling, each excavation will be backfilled with the excavated soil and the pavement patched (if within existing paving limits). Some disturbance to off-pavement/gravel covered surface areas may occur. Attempts to minimize such disturbance will be made. Page 82 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 8 OF 16 I. Laboratory testing of representative soil samples will be performed to determine physical and engineering properties of the soil. The laboratory testing may include moisture content, Atterberg limits, gradation, unconfined compression tests, soluble sulfate and CUPP Triaxial tests. J. The results of the field and laboratory data will be evaluated to develop geotechnical recommendations and prepare an engineering report. The report will include the following items: 1. Observations from site reconnaissance including current site conditions, surface drainage features, and surface topographic conditions. 2. A review of the published soil and geologic conditions and their relevance to this planned roadway construction. 3. A subsurface characterization and a description of the field exploration and laboratory tests performed. Groundwater concerns relative to the planned construction, if any, will be summarized. 4. Final logs of the soil borings and records of the field exploration in accordance with the standard practice of geotechnical engineers, and the results of the laboratory tests will be noted on the final boring logs or included on a separate test report sheet. 5. Soil parameters for use in the underground drainage design based on the soil borings. 6. Determination of adequacy for the Town of Prosper’s paving recommendation for the Eagle Ford Formation. Task 4 – Bid Phase Services A. Provide Plans & Specifications to Town for Bidding (PDF & 2 Paper Copies 11x17) B. Attend Pre-Bid Meeting C. Addendums and Inquiries D. Prepare conformed Construction Plans (Front End Documents and Contract [i.e. Bid Book] to be provided by the Town) E. Provide CAD files to the Town’s GIS department. F. Bid Tabulation to be completed by the Town Task 5 – Construction Administration A. Attend Pre-Con Meeting B. Construction Site Visits – 2 visits C. Review of Contractor Submittals D. Coordination with the Town during construction for design changes for unforeseen field conditions Task 6 – Record Drawings A. Incorporate Contractor’s as-built markups B. Provide one PDF copy of each sheet of the record drawings, 1 complete PDF copy, and AutoCAD files. Task 7 – FEMA LOMR Submittal A. Submit Final H&H Model to FEMA for LOMR B. Address any FEMA comments and complete LOMR submittal C. Provide the Town with Final LOMR acceptance and model (digital) Page 83 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 9 OF 16 ADDITIONAL SERVICES NOT INCLUDED IN TASK 1 THROUGH TASK 7 LISTED ABOVE: A. Traffic Control Plans B. Street Illumination C. Traffic Signals; modify existing or propose new traffic signals; rewiring of existing signals; etc D. Bid Tabulation (Town compiles Bid Tabs; Garver may be requested to provide bid analysis which is included in the fee) E. Coordination or any design on Railroad ROW F. CLOMR, and any FEMA coordination other than items described above. G. Franchise Utility coordination or conflicts; drawing in proposed new locations into CADD design plans. H. Detention Design I. Any wetland and stream permitting including any mitigation planning. J. Additional survey due to development that occurs after initial topographic survey has been completed. K. Design plan changes due to development that occurs after 60% plans have been completed. L. Design or standard drawing changes that occurs after 60% plans have been completed. M. Title surveys for each parcel shall be provided by the client if existing easements on unplatted properties must be located. N. Locating utilities not marked by Texas811 in areas of new survey under this scope. O. Drawing in existing franchise utility locations, other than provided by the Surveyor as marked by Texas811 for new survey under this scope. P. Opening Town manholes that are bolted shut Q. Trench excavation safety plan. R. Gabion Design S. Material testing and sampling of existing structural elements T. Preparing retaining or sound wall details. U. Agency and utility coordination (e.g. BNSF, TxDOT, USACE, etc.). V. On-site meetings or other meetings other than those listed above. W. Site visits by geotechnical consultant other than initial site visit to confirm utility and proposed boring locations. X. Public Meetings Y. Deed Research Z. Environmental investigation AA. Title searches, boundary surveys, or property surveys BB. Services in connection with condemnation hearings CC. Custom Pedestrian or Custom Traffic Rail Details. DD. Letter of Recommendation for Construction Contract Page 84 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 10 OF 16 III. DELIVERABLES Task 1 – Roadway, Drainage, Water & Sewer Design. Prepare 8 – 11 x 17 paper set of plans along with a PDF copies Provide an OPCC with all % submittals Task 2 – Topographic survey Provide survey CADD files; up to 3 ROW and 2 Easement documents (originals) Task 3 – Geotechnical Services PDF final geotechnical report Task 4 – Bid Phase Services Prepare 11x17 PDF set of Plans for Bidding and any other items such as excel files of bid items & quantities along with any project specific detail/specifications. The Town will generate the Bid Book PDF Conformed Construction Plans Task 5 – Construction Administration Attend meeting, review submittals, modify plans for unforeseen field conditions Task 6 - Record Drawings One (1) PDF copy of each sheet of the record drawings & CAD files Task 7 – FEMA LOMR Coordinate LOMR model with FEMA (digital) Page 85 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 11 OF 16 EXHIBIT B COMPENSATION SCHEDULE PROFESSIONAL ENGINEERING SERVICES AGREEMENT BETWEEN THE TOWN OF PROSPER, TEXAS, AND GARVER, LLC FOR THE WEST GORGOUS ROAD CONSTRUCTION PROJECT PRJ # 2529-ST WEST GORGEOUS ROAD – MCKINLEY STREET TO COLEMAN STREET I. COMPENSATION SCHEDULE Task Completion Schedule (End of Month) Compensation Schedule Notice-to-Proceed Mar 2025 Task 2 – Topo Survey (W Gorgeous) May 2025 $17,013.00 Task 3 – Geotechnical Borings June 2025 $7,283.00 Task 3 – Geotechnical Report (Final) June 2025 $4,783.00 Task 1 – 60% Plans (W Gorgeous) Aug 2025 $58,693.00 Task 1 – 60% H&H Model Updates Aug 2025 $7,365.00 Task 1 – 90% Plans (W Gorgeous) Dec 2025 $31,487.00 Task 1 – 90% H&H Model Updates Dec 2025 $3,682.50 Task 2 – ROW/ESMT Docs (Final) Dec 2025 $11,200.00 Task 1 – Final Design Plans (W Gorgeous) Mar 2026 $21,291.00 Task 1 – Final Design H&H Model Updates Mar 2026 $3,682.50 Task 1 – Signed Plans (W Gorgeous) June 2026 $7,450.00 Task 4 – Bid Phase Services Aug 2026 $5,801.00 Task 5 – Construction Phase Services Oct 2026 $6,883.00 Task 6 – Record Drawings July 2027 $2,852.00 Task 2 – Topo of Project for LOMR Aug 2027 $3,500.00 Task 7 – LOMR Final (Incl. Processing Fee) Feb 2028 $30,030.00 Total Compensation $222,996.00 Page 86 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 12 OF 16 II. COMPENSATION SUMMARY Basic Services (Lump Sum – Unless Noted Otherwise) Amount Task 2 – Topo Survey (W Gorgeous) $17,013.00 Task 3 – Geotechnical Borings $7,283.00 Task 3 – Geotechnical Report (Final) $4,783.00 Task 1 – 60% Plans (W Gorgeous) $58,693.00 Task 1 – 60% H&H Model Updates $7,365.00 Task 1 – 90% Plans (W Gorgeous) $31,487.00 Task 1 – 90% H&H Model Updates $3,682.50 Task 1 – Final Design Plans (W Gorgeous) $21,291.00 Task 1 – Final Design H&H Model Updates $3,682.50 Task 1 – Signed Plans (W Gorgeous) $7,450.00 Task 4 – Bid Phase Services $5,801.00 Task 5 – Construction Phase Services $6,883.00 Task 6 – Record Drawings $2,852.00 Task 7 – LOMR Final (Report & Model) $22,030.00 Total Basic Services: $200,296.00 Special Services Amount Task 2 – ROW/ESMT Docs (Final) (ROW Max 3@$2,400 & ESMT Max 2@1,400 including Set Irons for $1,200) $11,200.00 Task 7 – LOMR Final (Processing Fee) (Lump Sum) $8,000.00 Task 2 – Topo of Project for LOMR (Lump Sum) $3,500.00 Total Special Services: $22,700.00 Direct Expenses Amount None $0.00 Total Direct Expenses: $0.00 Page 87 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 13 OF 16 EXHIBIT C INSURANCE REQUIREMENTS Service provider shall procure and maintain for the duration of the contract, insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder by the vendor, his agents, representatives, employees or subcontractors. The cost of such insurance shall be borne by the service provider. A certificate of insurance meeting all requirements and provisions outlined herein shall be provided to the Town prior to any services being performed or rendered. Renewal certificates shall also be supplied upon expiration. A. MINIMUM SCOPE OF INSURANCE Coverage shall be at least as broad as: 1. ISO Form Number GL 00 01 (or similar form) covering Commercial General Liability. “Occurrence” form only, “claims made” forms are unacceptable, except for professional liability. 2. Workers Compensation insurance as required by the Labor Code of the State of Texas, including Employers’ Liability Insurance. 3. Automobile Liability as required by the State of Texas, covering all owned, hired, or non-owned vehicles. Automobile Liability is only required if vehicle(s) will be used under this contract. 4. Professional Liability, also known as Errors and Omissions coverage. B. MINIMUM LIMITS OF INSURANCE Service Provider shall maintain throughout contract limits not less than: 1. Commercial General Liability: $500,000 per occurrence /$1,000,000 in the aggregate for third party bodily injury, personal injury and property damage. Policy will include coverage for: a. Premises / Operations b. Broad Form Contractual Liability c. Products and Completed Operations d. Personal Injury e. Broad Form Property Damage 2. Workers Compensation and Employer’s Liability: Workers Compensation limits as required by the Labor Code of the State of Texas and Statutory Employer’s Liability minimum limits of $100,000 each accident, $300,000 Disease- Policy Limit, and $100,000 Disease- Each Employee. 3. Automobile Liability: $500,000 Combined Single Limit. Limits can only be reduced if approved by the Town. Automobile liability shall apply to all owned, hired, and non-owned autos. 4. Professional Liability aka Errors and Omissions: $500,000 per occurrence and in the aggregate. C. DEDUCTIBLES AND SELF-INSURED RETENTIONS Any deductible or self-insured retentions in excess of $10,000 must be declared to and approved by the Town. D. OTHER INSURANCE PROVISIONS The policies are to contain, or be endorsed to contain the following provisions: Page 88 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 14 OF 16 1. General Liability and Automobile Liability Coverages a. The Town, its officers, officials, employees, boards and commissions and volunteers are to be added as “Additional Insured’s” relative to liability arising out of activities performed by or on behalf of the provider, products and completed operations of the provider, premises owned, occupied or used by the provider. The coverage shall contain no special limitations on the scope of protection afforded to the Town, its officers, officials, employees or volunteers. b. The provider’s insurance coverage shall be primary insurance in respects to the Town, its officers, officials, employees and volunteers. Any insurance or self-insurance maintained by the Town, its officers, officials, employees or volunteers shall be in excess of the provider’s insurance and shall not contribute with it. c. Any failure to comply with reporting provisions of the policy shall not affect coverage provided to the Town, its officers, officials, employees, boards and commissions or volunteers. d. The provider’s insurance shall apply separately to each insured against whom the claim is made or suit is brought, except to the insured’s limits of liability. 2. Workers Compensation and Employer’s Liability Coverage: The insurer shall agree to waive all rights of subrogation against the Town, its officers, officials, employees and volunteers for losses arising from work performed by the provider for the Town. 3. All Coverages: Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended, voided, canceled or non-renewed by either party, reduced in coverage or in limits except after 30 days written notice to the Town for all occurrences, except 10 days written notice to the Town for non-payment. 4. Professional Liability and / or Errors and Omissions: “Claims made” policy is acceptable coverage, which must be maintained during the course of the project, and up to two (2) years after completion and acceptance of the project by the Town. E. ACCEPTABILITY OF INSURERS The Town prefers that Insurance be placed with insurers with an A.M. Best’s rating of no less than A- VI, or better. F. VERIFICATION OF COVERAGE Service Provider shall provide the Town with certificates of insurance indicating the coverages required. The certificates are to be signed by a person authorized by that insurer to bind coverage on its behalf. Certificates of insurance similar to the ACORD Form are acceptable. Town will not accept Memorandums of Insurance or Binders as proof of insurance. The Town reserves the right to require complete, certified copies of all required insurance policies at any time. Certificate holder to be listed as follows: Town of Prosper P.O. Box 307 Prosper, TX 75078 Page 89 Item 7. Page 90 Item 7. PROFESSIONAL ENGINEERING SERVICES AGREEMENT VERSION 05/22 PAGE 16 OF 16 EXHIBIT E CONFLICT OF INTEREST QUESTIONNAIRE Page 91 Item 7.   LOCATION MAP West Gorgeous Road (McKinley Street to Coleman Street) Proposed West Gorgeous Road Coleman Street Fifth Street Page 92Item 7. Page 1 of 1 To: Mayor and Town Council From: David Hoover, AICP, Director of Development Services Through: Mario Canizares, Town Manager Chuck Ewings, Assistant Town Manager Re: Notice of Appeals Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 3. Commercial Corridors are ready for Development Agenda Item: 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. Description of Agenda Item: Attached are the Preliminary Site Plans and Site Plans that were acted on by the Planning & Zoning Commission on March 18, 2025. Per the Zoning Ordinance, the Town Council can direct staff to submit a written notice of appeal on behalf of the Town Council to the Development Services Department for any Preliminary Site Plans and Site Plans acted on by the Planning & Zoning Commission. Budget Impact: There is no budgetary impact affiliated with this item. Attached Documents: 1. DEVAPP-24-0027 – La Cima Crossing, Block B, Lot 2 (Approved 3-1) * 2. DEVAPP-24-0129 – Prosper ISD Administration Facility, Block A, Lot 1 (Approved 3-1) ** *Commissioner Blanscet voted in opposition due to proximity of storage tank to Lakewood Drive. ** Commissioner Jackson voted in opposition due to the opposition received from residents. Town Staff Recommendation: Town Staff recommends the Town Council take no action on this item. Proposed Motion: N/A PLANNING Page 93 Item 8. SSW WW W S U G S RICHL A N D B L V D 90' RO W LA C IMA BLVD90' ROW FH FH FH WM WM EX. MH EX. HW BFR BFR EX. TRANSFORMER EX. ELECTRICAL PULL BOX FH FH MH MH EX. FH EX. MH EX. FH EX. IRR. WM EX. MH EX. FH EX. FH EX. LP EX. FH 2' OVERHANG 2' OVERHANG 5' LANDSCAPE SETBACK15' BUILDING SETBACK15' BUILDING SETBACK 5' LANDSCAPE SETBACK 30' BUILDING SETBACK25' LANDSCAPE EASEMENT25' LANDSCAPE EASEMENT 30' BUILDING SETBACK 7187187187187167147127107087067047027006986966946926906906926946966987007047027067087 1 0 712708 7027047067087107127147167167187 2 0 700 7 0 2 704 7 0 8 7 0 6 7107 1 2 7147 1 6 7 1 8 15' WE 10' WE 15' WE 10' WE 5' WE 15' SEWER ESMT. CO IRR. WM 150' STORAGE 100' TRANSITION EX. CI 10' SIDEWALKCONNECT TO EX. SIDEWALK CONNECT TO EX. SIDEWALK EX. BFR 4 STAIRS 14 STAIRS REMOTE FDC 59' EX. MEDIAN OPENINGEX. BFR EX. WYE INLET EXISTING FOUR 6'X8' RCB STORM TO REMAIN PEDESTRIAN ACCESS ESMT. PEDESTRIAN ACCESS ESMT.PEDESTRIAN ACCESS ESMT. CI CI CI CI CI CI UNDERGROUND DETENTION UNDERGROUND DETENTION UNDERGROUND DETENTION UNDERGROUND DETENTION CI RELOCATED CURB INLET 10' STORM ESMT. RIPRAP OUTLET STRUCTURE FH BACKFLOW PREVENTER ST MH ST MH ST MH 6" CURB (TYP.) 6" CURB (TYP.) 66' MEDIAN OPENING ST MH 2' OVERHANG 5' LANDSCAPE BUFFER CO 9' TYP.26'20'TYP.20' TYP. 26' 20' TYP.9'TYP.9'TYP.120' 16' 26' 20' TYP. 18' TYP.9'TYP.10'20'TYP.26'6'20' TYP. 9' TYP.20'TYP.26'9'TYP.20' TYP.9'TYP.9'TYP.95.7' TO EX. FH30.6' TO E X . F H 26' TO E X F H 10'9'10'160' TOEXISTING DRIVEWAY292' TO RICHLAND BLVD372' TO L A C I M A B L V D 359' TO EXISTING DRIVEWAY 12'12'8'10'35'12'8' 11' 24'11'9'TYP.150' STORAGE127' TRANS IT ION 9'9'5'10' 24'4' 24'9'10' WE ST MH ST MH 9' TYP.10' F L FL FL FL FL FL FL FLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLTHRHRHRHRHRHRHR HRHRHRHRHRHRHRHRHRHRHRHRHR HR 8 10 15 6 8 9 7 9 FLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFL8 7 9 12 8 FLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFLFL12'10'8'24' 60' STO R A G E 110' TR A N S I T I O N 100' T R A N S I TI O N 125' ST O R A G E 23'X15' DUMPSTER CONTAINER IN 8' TALL STONE ENCLOSURE 55' FIRE LANE AND ACCESS EASEMENT INST. NO. 20200213000206700 15' DRAINAGE EASEMENT 15' LANDSCAPE EASEMENT VOL. 5897, PG. 1700 LOADING ZONE EXISTING POWER POLE TO BE REMOVED EXISTING POWER POLE TO BE REMOVED EXISTING POWER POLE TO BE RELOCATED EXISTING POWER POLE TO REMAIN EXISTING POWER POLE TO BE RELOCATED EXISTING POWER POLE TO BE RELOCATED 10' SIDEWALK 10' LEFT TURN LANE 10' LEFT TURN LANE FULLY DEVELOPED 100-YR FLOODPLAIN PER PROSPER LA CIMA FLOOD STUDY PREPARED BY KIMLEY-HORN AND ASSOCIATES DATED APRIL 12, 2024 EX. WALL EXISTING GUY WIRES TO BE REMOVED EXISTING GUY WIRES TO BE REMOVED EXISTING GUY WIRES TO BE RELOCATED 11' DECELERATION LANE 100' T.P.A.L. EASEMENT VOL. 403, PG. 96 VOL. 493, PG. 161 DOC. NO. 20131212001637550 LOT 2, BLOCK A LA CIMA CROSSING VOL.2015, PG. 727 P.R.C.C.T. ZONED RETAIL/COMMERCIAL COVERED OUTDOOR DINING AREA 26' FAUE26' FAUEVARIABLE WIDTH ROAD EASEMENT CAB. 2020, PG. 146 P.R.C.C.T. TRANSFORMER (REF. LANDSCAPE PLAN FOR SCREENING) BOLLARD (TYP.) FIRE RISER ROOM EX. LEFT TURN LANE EX. LEFT TURN LANE ADA SIGN (TYP.) EX. STOP SIGN EX. R3-8 LLR SIGN EX. NO U-TURN SIGN EX. MONUMENT SIGN EX.PAVEMENT STRIPING (TYP.) 24" STOP BAR STOP SIGN EX. BOLLARD (TYP.) EX. BRIDGE EX.PAVEMENT STRIPING (TYP.) EX. PAVEMENT MARKINGS COVERED PORCH 11' RIGHT TURN LANE DELIVERY RAMP WITH HANDRAIL 15' SANITARY SEWER ESMT. VOL.5481, PG. 7000 L.R.C.C.T. 5' LANDSCAPE EASEMENT 2020, PG. 146 P.R.C.C.T. 15 WATERLINE EASEMENT VOL.2020, PG. 146 P.R.C.C.T. EX. GAS STRUCTURE EX. GAS LINE TESTING STATION WHEEL STOP (TYP.)5'TRUCK DOCK ENCLOSURE WITH 14' MASONRY SCREENING WALL TO MATCH BUILDING 7' TO 10' RETAINING WALL 7' TO 10' RETAINING WALL 7' TO 10' RETAINING WALL 2' TO 7' RETAINING WALL 4' TO 7' RETAINING WALL 52.4'STREET CENTERLINE MIN. 1,000 GALLON GT BUILDING A RETAIL: ±29,542 SF 1-STORY: 29'-0" HEIGHT FFE:714.00 BFR BFR LOT 1, BLOCK A LA CIMA CROSSING VOL. 2015, PG. 727 P.R.C.C.T. ZONED RETAIL/COMMERCIAL BLOCK B, LOT 2 LA CIMA CROSSING VOL. 2021, PG. 166 P.R.C.C.T. LOT 3R, BLOCK B LA CIMA CROSSING VOL. 2021, PG. 166 P.R.C.C.T. ZONED RETAIL/COMMERCIAL LOT 1, BLOCK B LA CIMA CROSSING VOL. 2020, PG. 238 P.R.C.C.T. ZONED RETAIL/COMMERCIAL LOT 2, BLOCK A HUNTER GATEWAY CENTRE CAB. 2011, PG. 246 ZONED RETAIL/COMMERCIAL LOT 9, BLOCK A HUNTER GATEWAY CENTRE VOL. 2020, PG. 309 ZONED RETAIL/COMMERCIAL LOT 2, BLOCK A LA CIMA CROSSING VOL. 2015, PG. 727 P.R.C.C.T. ZONED RETAIL/COMMERCIAL EX. INTERSECTION BFR BFR BFR BFR ST MH ST MH 320' FROM D U M P S T E R T O R O A D W A Y RELOCATED MAILBOX 18' TYP 6 STAIRS 10.1'4' RETAINING WALL WHEEL STOP (TYP.) UNCOVERED ELEVATED PLATFORM HEADWALL 10' BFR 9'9'9'5'9'10'10.2' 22' 22'8' PROPOSED ROW DEDICATION20'TYP.9' TYP.9'TYP.29.5'19.8' CI REF. ARCHITECT SHEET A-2.0 AND A-2.1 FOR ROOFTOP UNITS AND SCREENING 18' TYP.10'10.5' CI PROPOSED POWER POLE PROPOSED POWER POLE PROPOSED POWER POLE DETENTION ESMT. DETENTION ESMT. DETENTION ESMT.58.3'13.8' EROSION HAZARD SETBACK DETENTION ESMT. EROSION HAZARD SETBACK EROSION HAZARD SETBACK WALK-IN FREEZER DETENTION ESMT.10'23'15' ONCOR ESMT. DRAINAGE ESMT. DRAINAGE ESMT. DRAINAGE ESMT. WHEEL STOP (TYP.) WHEEL STOP (TYP.) P.O.B. N:7,131,223.69 E:2,493,079.51 N: 7,131,580.79 E: 2,493,003.03 N: 7,131,577.34 E: 2,492,591.77 N: 7,131,108.14 E: 2,492,547.27 UNDERGROUND DETENTION ST MH ST MH DETENTION ESMT. WHEEL STOP (TYP.) SEWER ESMT.This document, together with the concepts and designs presented herein, as an instrument of service, is intended only for the specific purpose and client for which it was prepared. Reuse of and improper reliance on this document without written authorization and adaptation by Kimley-Horn and Associates, Inc. shall be without liability to Kimley-Horn and Associates, Inc.BYDATEAS SHOWNREVISIONSNo.DATESHEET NUMBER CHECKED BYSCALEDESIGNED BYDRAWN BYKHA PROJECT2600 N CENTRAL EXPRESSWAY, SUITE 400, RICHARDSON, TX 75080PHONE: 214-617-0535WWW.KIMLEY-HORN.COM TX F-928OATSMGLAST SAVED3/11/2025 10:26 AMPLOTTED BYTOTH, OLIVIA 3/11/2025 10:26 AMDWG PATHK:\RCH_CIVIL\064618700 - PROSPER LA CIMA - SPICE HUT\CAD\PLANSHEETS\SITE PLANDWG NAMESITE PLAN.DWG , [ 24 x 36 ]IMAGESXREFS xBrdr-SP : xSurv : xSite : xExSite : xExEsmt : xExUtil : xUtil : xHtch : xFloodplain : xEros-Setback : xBndy : xEsmt : xStrm : xPlant064618700PROSPER MARKETPROSPER, TEXAS© 2025 KIMLEY-HORN AND ASSOCIATES, INC.03/11/2025Not for construction or permit purposes. FOR REVIEW ONLY Engineer P.E. No.Date145866 STEPHANIE M. GIENGER OAT03/11/2025 ENGINEER / SURVEYOR/ APPLICANT/LANDSCAPE ARCHITECT: KIMLEY-HORN AND ASSOCIATES, INC. 2600 N. CENTRAL EXPRESSWAY, SUITE 400 RICHARDSON, TX 75080 CONTACT: STEPHANIE GIENGER, P.E. PHONE: (214) 617-0535 BEING AN ADDITION TO THE TOWN OF PROSPER EDWARD BRADLEY SURVEY, ABSTRACT NO. 86 HARRISON JAMISON SURVEY, ABSTRACT NO. 480 TOWN OF PROSPER, COLLIN COUNTY, TEXAS TOWN PROJECT NUMBER DEVAPP-24-0027 SUBMITTED 03/11/2025 OWNER: PROSPER MARKET LLC 9111 CYPRESS WATERS BLVD, SUITE 300 COPPELL, TEXAS 75019 CONTACT: MR. RAMESH GANDHAMANENI PHONE: (248) 622-1074 ARCHITECT: CATALYST TECHNICAL GROUP, INC. 440 COBIA DRIVE, SUITE 1503 KATY, TX 77494 CONTACT: SRUJAN KUMAR PHONE: (832) 913-1888 SITE PLAN LA CIMA CROSSING BLOCK B, LOT 2 4.789 ACRES PREPARATION DATE: MARCH 11, 2025 SP-1SITE PLAN00 30'60' GRAPHIC SCALE 30' NORTH NOTES TYP.TYPICAL NUMBER OF PARKING SPACESX ACCESSIBLE PARKING SYMBOL BARRIER FREE RAMP (BFR) BARRIER FREE RAMPBFR EXISTINGEX PROPOSEDPROP. PROPOSED FIRE LANE LEGEND 1.ALL DEVELOPMENT STANDARDS SHALL FOLLOW TOWN STANDARDS. 2.LANDSCAPING SHALL CONFORM TO LANDSCAPE PLANS APPROVED BY THE TOWN OF PROSPER. 3.ALL DEVELOPMENT STANDARDS SHALL FOLLOW FIRE REQUIREMENTS PER THE TOWN OF PROSPER. 4.HANDICAPPED PARKING AREAS AND BUILDING ACCESSIBILITY SHALL CONFORM TO THE AMERICANS WITH DISABILITIES ACT (ADA) AND WITH THE REQUIREMENTS OF THE CURRENT, ADOPTED BUILDING CODE. 5.ALL SIGNAGE IS SUBJECT TO BUILDING OFFICIAL APPROVAL. 6.IMPACT FEES WILL BE ASSESSED IN ACCORDANCE WITH THE LAND USE CLASSIFICATION(S) IDENTIFIED ON THE SITE DATA SUMMARY TABLE; HOWEVER, CHANGES TO THE PROPOSED LAND USE AT THE TIME OF CO AND/OR FINISH-OUT PERMIT MAY RESULT IN ADDITIONAL IMPACT FEES AND/OR PARKING REQUIREMENTS. 7.THE APPROVAL OF A PRELIMINARY SITE PLAN SHALL BE EFFECTIVE FOR A PERIOD OF TWO (2) YEARS FROM THE DATE THAT THE PRELIMINARY SITE PLAN IS APPROVED BY THE PLANNING & ZONING COMMISSION, AT THE END OF WHICH TIME THE APPLICANT MUST HAVE SUBMITTED AND RECEIVED THE APPROVAL OF A SITE PLAN BY THE PLANNING & ZONING COMMISSION. IF A SITE PLAN IS NOT APPROVED WITHIN SUCH TWO (2) YEAR PERIOD, THE PRELIMINARY SITE PLAN APPROVAL IS NULL AND VOID. IF SITE PLAN APPROVAL IS ONLY FOR A PORTION OF THE PROPERTY, THE APPROVAL OF THE PRELIMINARY SITE PLAN FOR THE REMAINING PROPERTY SHALL BE NULL AND VOID. 8.OPEN SPACE REQUIREMENTS SHALL FOLLOW THE ZONING ORDINANCE, PER TRACT. OPEN SPACE SHALL NOT INCLUDE VEHICULAR PAVING, REQUIRED PARKING LOT LANDSCAPE ISLANDS, BUILDING FOOTPRINT, UTILITY YARDS, REQUIRED LANDSCAPE SETBACKS, SIDEWALKS, AND DETENTION POND. FL FL WATER METERWM GREASE TRAPGT CURB INLETCI JUNCTION BOXJB MANHOLEMH FIRE HYDRANTFH EXISTING EDGE OF PAVEMENT HEADWALLHW SANITARY SEWER CLEAN OUTCO LIGHT POLELP FIRE DEPARTMENT CONNECTIONFDC WATER EASEMENTWE IRRIGATION WATER METERIRR WM PROPOSED FIRE HYDRANT PROPOSED FIRE DEPARTMENT CONNECTION PROPOSED SEWER MANHOLE PROPOSED WATER METER S PROPOSED CURB INLET VICINITY MAP N.T.S.PRESTON RDLOVERS LANERICHLAND BLVD US 380 (UNIVERSITY DR) LA C I M A B L V D PROJECT LOCATION RIC H L A N D B L V D KEY FAUE FIRE, ACCESS, AND UTILITY EASEMENT GRATE INLETGI PROPOSED RETAINING WALL EXISTING STORM PIPE T TRANSFORMER PROPOSED GRATE INLET EXISTING SEWER MANHOLES EXISTING FIRE HYDRANT GRATE INLETGI PROPOSED GREASE TRAP PROPOSED CLEAN OUT FLOODPLAIN STORM MANHOLEST MH PROPOSED HANDRAILHRHR EROSION HAZARD SETBACK Page 94 Item 8. ProsperIndependentSchoolDistrictrevisionno.datebydatescaleverthoriztnp projectsheetHUC24074Town of Prosper, TexasProsper Independent School DistrictFEB 2025teague nall & perkins5237 N. Riverside Drive, Suite 100Fort Worth, Texas 76137817.336.5773 ph 817.336.2813 fxTBPE Registration No. F-230www.tnpinc.comPROSPER, TX tnp Project HUC24074DISTRICT ADMINISTRATION FACILITYDistrict Administration Facility1"=150'N/ALOCATION MAPSITE PLAN NOTESDATE PREPARED: FEBRUARY 2025DEVAPP-24-0129PRELIMINARY SITE PLANFORPROSPER ISD ADMINISTRATION FACILITYBLOCK A, LOT 1TOWN OF PROSPER,COLLIN COUNTY, TEXASLEGEND01OVERALL SITE PLANSITE DATA SUMMARYBUILDING AREA SUMMARYPage 95Item 8. Prosper Independent School Districtrevisionno.dateby date scale vert horiz tnp project sheet HUC24074Town of Prosper, Texas Prosper Independent School District FEB 2025 teague nall & perkins 5237 N. Riverside Drive, Suite 100 Fort Worth, Texas 76137 817.336.5773 ph 817.336.2813 fx TBPE Registration No. F-230 www.tnpinc.com PROSPER, TXtnp Project HUC24074DISTRICT ADMINISTRATION FACILITYDistrict Administration Facility 1"=50' N/A LEGEND SITE PLAN NOTES LOCATION MAP 02 SITE PLAN (1 OF 5) Page 96 Item 8. Prosper Independent School Districtrevisionno.dateby date scale vert horiz tnp project sheet HUC24074Town of Prosper, Texas Prosper Independent School District FEB 2025 teague nall & perkins 5237 N. Riverside Drive, Suite 100 Fort Worth, Texas 76137 817.336.5773 ph 817.336.2813 fx TBPE Registration No. F-230 www.tnpinc.com PROSPER, TXtnp Project HUC24074DISTRICT ADMINISTRATION FACILITYDistrict Administration Facility 1"=50' N/A LEGEND SITE PLAN NOTES LOCATION MAP 03 SITE PLAN (2 OF 5) Page 97 Item 8. Prosper Independent School Districtrevisionno.dateby date scale vert horiz tnp project sheet HUC24074Town of Prosper, Texas Prosper Independent School District FEB 2025 teague nall & perkins 5237 N. Riverside Drive, Suite 100 Fort Worth, Texas 76137 817.336.5773 ph 817.336.2813 fx TBPE Registration No. F-230 www.tnpinc.com PROSPER, TXtnp Project HUC24074DISTRICT ADMINISTRATION FACILITYDistrict Administration Facility 1"=50' N/A LEGEND SITE PLAN NOTES LOCATION MAP 04 SITE PLAN (3 OF 5) Page 98 Item 8. Prosper Independent School Districtrevisionno.dateby date scale vert horiz tnp project sheet HUC24074Town of Prosper, Texas Prosper Independent School District FEB 2025 teague nall & perkins 5237 N. Riverside Drive, Suite 100 Fort Worth, Texas 76137 817.336.5773 ph 817.336.2813 fx TBPE Registration No. F-230 www.tnpinc.com PROSPER, TXtnp Project HUC24074DISTRICT ADMINISTRATION FACILITYDistrict Administration Facility 1"=50' N/A LEGEND SITE PLAN NOTES LOCATION MAP 05 SITE PLAN (4 OF 5) Page 99 Item 8. Prosper Independent School Districtrevisionno.dateby date scale vert horiz tnp project sheet HUC24074Town of Prosper, Texas Prosper Independent School District FEB 2025 teague nall & perkins 5237 N. Riverside Drive, Suite 100 Fort Worth, Texas 76137 817.336.5773 ph 817.336.2813 fx TBPE Registration No. F-230 www.tnpinc.com PROSPER, TXtnp Project HUC24074DISTRICT ADMINISTRATION FACILITYDistrict Administration Facility 1"=50' N/A LEGEND SITE PLAN NOTES LOCATION MAP 06 SITE PLAN (5 OF 5) Page 100 Item 8. Page 101 Item 8. Information Purpose: •Construct a 29,513 square foot retail building (with a grocery store) and associated parking. Page 102 Item 8. Background Zoning: •Planned Development-2 Permitted Uses: •Grocery Stores and Supermarkets (By Right) •Retail Shops and Stores (By Right) Page 103 Item 8. Development Process History: •Zoning •Planned Development-2 approved on May 9, 2000 •Preliminary Site Plan and Conveyance Plat •Preliminary Site Plan (D18-0029) approved on May 15, 2018 •Conveyance Plat (D21-0001) approved on March 2, 2021 Page 104 Item 8. Surrounding Area Residential: •Lakes of La Cima •All phases approved on or after August 19, 2003 Page 105 Item 8. Page 106 Item 8. Page 107 Item 8. Information Purpose: •Construct two buildings and a pavilion totaling 149,293 square feet with associated parking. •Phase 1 –Administration Building and Community Center •Phase 2 –Future Building Screening: •Screening required adjacent to residential zoning on eastern boundary. •Living screen proposed in ten-foot area between water line easement and property line. Page 108 Item 8. Page 109 Item 8. Page 110 Item 8. Page 111 Item 8. Page 112 Item 8. Page 113 Item 8. Page 114 Item 8. Page 115 Item 8. Page 116 Item 8. Page 117 Item 8. Page 1 of 2 To: Mayor and Town Council From: Bob Scott, Deputy Town Manager Through: Mario Canizares, Town Manager Re: Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 4. Provide Excellent Municipal Services Agenda Item: Consider and act upon a resolution accepting the Independent Audit Report, Annual Comprehensive Financial Report for the Fiscal Year Ended September 30, 2024, and Single Audit Report Related to Grant Activities Under Uniform Guidance, as audited by Weaver and Tidwell LLP, Certified Public Accountants. Description of Agenda Item: Section 7.18 of the Town’s Charter, as well as Chapter 103 of the Texas Local Government Code, requires that an independent audit be conducted annually. The Annual Comprehensive Financial Reports (ACFR) contains information in addition to the Basic Financial Statements that is helpful to understand the Town’s finances. It is also a key continuing disclosure document identified in the Town’s debt covenants and must be filed electronically with the Municipal Securities Rulemaking Board (MSRB) Electronic Municipal Market Access (EMMA) website within six months of year-end. Staff plans to submit an electronic Annual Comprehensive Financial Report to the Government Finance Officers Association in consideration for the Certificate of Achievement for Excellence in Financial Reporting. In compliance with Generally Accepted Auditing Standards (GAAS), the auditors must make certain required communications to those in charge of governance. These communications have been made to the Finance Sub-Committee of Council on March 24, 2025, with copies distributed to full council. There were no material weaknesses or significant deficiencies regarding the Town’s system of Internal Control discovered during the audit. Legal Obligations and Review: Terrence Welch of Brown & Hofmeister, LLP, reviewed the resolution as to form and legality. Attached Documents: 1. Annual Comprehensive Financial Report 2. Single Audit Report 3. Resolution FINANCE Page 118 Item 9. Page 2 of 2 Town Staff Recommendation: Town staff recommend that the Town Council approve the resolution accepting the Independent Audit Report, Annual Comprehensive Financial Report for the Fiscal Year Ended September 30, 2024, and Single Audit Report Related to Grant Activities Under Uniform Guidance, as audited by Weaver and Tidwell LLP, Certified Public Accountants. Proposed Motion: I move to approve a resolution accepting the Independent Audit Report, Annual Comprehensive Financial Report for the Fiscal Year Ended September 30, 2024, and Single Audit Report Related to Grant Activities Under Uniform Guidance, as audited by Weaver and Tidwell LLP, Certified Public Accountants. Page 119 Item 9. Page 120 Item 9. TOWN OF PROSPER, TEXAS YEAR ENDED SEPTEMBER 30, 2024 TABLE OF CONTENTS Page Number INTRODUCTORY SECTION Letter of Transmittal ···················i – vi GFOA Certificate of Achievement ·················vii Organizational Chart ····················viii Principal City Officials ···················ix – x FINANCIAL SECTION Independent Auditor’s Report ·················3 – 5 Management Discussion and Analysis ···············6 – 14 Basic Financial Statements Government-Wide Financial Statements: Statement of Net Position ················16 – 17 Statement of Activities ·················18 – 19 Fund Financial Statements: Governmental Funds Balance Sheet ··················20 – 21 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ············23 Statement of Revenues, Expenditures, and Changes in Fund Balances ··············24 – 25 Reconciliation of Revenues, Expenditures, and Changes In Fund Balances – Governmental Funds to the Statement of Activities ················27 Statement of Revenues, Expenditures, and Changes in Fund Balance – General Fund – Budget and Actual ········28 – 29 Statement of Revenues, Expenditures, and Changes in Fund Balance – Impact Fees Fund – Budget and Actual ········30 Proprietary Funds Statement of Net Position ················31 Statement of Revenues, Expenses, and Changes in Fund Net Position ···············33 Page 121 Item 9. Statement of Cash Flows ···············34 – 35 Notes to the Financial Statements ··············36 – 61 Required Supplementary Information Schedule of Changes in Net Pension Liability and Related Ratios – Texas Municipal Retirement System ·····64 –65 Schedule of Employer Contributions – Texas Municipal Retirement System ············66 – 67 Combining Schedules Combining Balance Sheet – Nonmajor Governmental Funds ········72 – 73 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds ·······74 – 75 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Debt Service Fund – Budget and Actual ·········76 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Court Technology Fund – Budget and Actual ········77 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Court Security Fund – Budget and Actual ·········78 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Parks Dedication Fund – Budget and Actual ········79 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Parks Improvement Fund – Budget and Actual ·······80 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Crime Control Special Purpose District Fund – Budget and Actual ···81 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Fire and EMS Prevention Special Purpose District Fund – Budget and Actual 82 Schedule of Revenues, Expenditures, and Changes in Fund Balance – TIRZ 1 Fund – Budget and Actual ···········83 Schedule of Revenues, Expenditures, and Changes in Fund Balance – TIRZ 2 Fund – Budget and Actual ···········84 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Municipal Jury Fund – Budget and Actual ·········85 Schedule of Revenues, Expenditures, and Changes in Fund Bala12nce – Contributions Fund – Budget and Actual ········86 Combining Statement of Net Position – Internal Service Funds ·········87 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds ··············88 Combining Statement of Cash Flows – Internal Service Funds ·········89 Page 122 Item 9. Table Number STATISTICAL SECTION Financial Trends Net Position by Component ··············1 94 – 95 Change in Net Position ················2 96 – 99 Fund Balances of Governmental Funds ············3 100 – 101 Changes in Fund Balances of Governmental Funds ·········4 102 – 103 Revenue Capacity General Governmental Tax Revenues by Source ·········5 104 Assessed Value and Estimated Actual Value of Taxable Property ·····6 105 Property Tax Rates – Direct and Overlapping Governments ·······7 106 – 107 Property Tax Levies and Collections ············8 108 Principal Water Customers ···············9 109 Principal Property Taxpayers ··············10 110 Debt Capacity Ratios of Outstanding Debt by Type ············11 112 – 113 Ratios of General Bonded Debt Outstanding ··········12 114 Direct and Overlapping Governmental Activities Debt ········13 115 Tax Rate Information ················14 116 – 117 Water and Sewer Coverage Ratio ·············15 118 Demographic and Economic Information Demographic and Economic Statistics ············16 119 Principal Employers ················17 120 Operating Information Operating Indicators by Function/Program ···········18 122 – 123 Full-Time Equivalent Town Government Employees by Function ···············19 124 – 125 Page 123 Item 9. Page 124 Item 9. i March 21, 2025 To the Honorable Mayor, Members of Town Council, and Citizens of the Town of Prosper, Texas The Town’s management staff is pleased to submit the Annual Comprehensive Financial Report (“ACFR”) of the Town of Prosper (“Town”) for the fiscal year ending September 30, 2024. This report provides the Town Council, Town Staff, our citizens, bondholders and other interested parties with detailed information concerning the financial condition and activities of the Town government. The Town’s management assumes responsibility for the accuracy of the data and the completeness and fairness of the presentation, including all disclosures. To the best of our knowledge and belief, the enclosed data is accurate in all material respects, and is organized in a manner designed to fairly present the financial position and results of operation of the Town as measured by the financial activity of its various funds. To enable the reader to gain an understanding of the Town’s finances, we believe that all necessary disclosures have been included. The Town is required to obtain an annual audit of the financial records and financial activities of the Town. Weaver and Tidwell, L.L.P., a firm of licensed certified public accountants, have audited the Town’s financial statements. The goal of the independent audit is to provide reasonable assurance that the financial statements of the Town for the fiscal year ended September 30, 2024, are free of any material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was reasonable basis for rendering an unmodified (“clean”) opinion that the Town’s financial statements for the fiscal year ended September 30, 2024, and are fairly presented in conformity with Generally Accepted Accounting Principles (“GAAP”). The independent auditor’s report is presented as the first component of the financial section of this report. Management’s Discussion and Analysis (MD&A) immediately follows the independent auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements. MD&A complements this letter of transmittal and the two should be read in conjunction with each other. History of Prosper Prosper began with the first settlers arriving in the area in 1846. Those who settled here were drawn to North Texas’ fertile black prairie soil perfect for thriving cotton crops in a time when cotton was "King”. Between 1850 and 1902, two settlements coexisted. One community, two miles south of the present town, was Rock Hill. The second community, one mile north, was Richland. Both these communities became Prosper when the Town was incorporated in 1914 with a Commission form of government and a population of 500. The opening of DFW airport in 1974, combined with the strong Texas economy, favorable business environment and central location nationally, spurred significant in-migration including Fortune 500 and other corporate headquarters. Suburban cities north of Dallas began growing rapidly. With both the inner-ring and second ring northern suburbs at or near build-out growth in Prosper is accelerating. Page 125 Item 9. ii Prosper has retained its small town appeal by carefully managing growth in accordance with a Comprehensive Land Use Plan, a Parks and Open Space Plan and a Capital Improvements Plan. Unlike the large suburban cities of Plano and Frisco to the south and McKinney, to the east, Prosper’s large existing lot size and only 27 landlocked square miles puts its build-out population at approximately 75,000. While residential growth remains strong, the Town is carefully evolving from a bedroom community of 38,000+ residents to a balance between high-end residential and diversified commercial including retail, hotels, restaurants, new car dealerships, office, two children’s hospitals and related professional space. Accounting System and Budgetary Control Town management is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the Town are protected from loss, theft, or misuse. Management must also ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with GAAP. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived, and (2) the valuation of costs and benefits requires estimates and judgments by management. All internal control evaluations occur within the above framework. The Town’s accounting records for general governmental operations are maintained on a modified accrual basis, with revenues recognized when measurable and available, and expenditures recorded when the services or goods are received and the liabilities are incurred. Accounting records for the Town’s utilities and other proprietary activities are maintained on a full accrual basis. The objective of budgetary controls is to ensure compliance with legal provisions contained in the annual budget approved by the Town Council. The annual budget is developed and controlled at the fund level for all funds. This budgetary level serves as the foundation for the Town’s financial planning and control. The Town Manager may transfer resources within or between departments. The Town Council approves any amendments or additional funding requests for appropriations over that of the budgeted fund level total. These amendments shall be by ordinance and shall become an attachment to the original budget. The accompanying ACFR incorporates all funds of the Town and includes all government activities, organizations and functions for which the Town is financially accountable. The criteria used in determining activities to be reported within the Town’s basic financial statements are based upon and consistent with those set forth by the Governmental Accounting Standards Board. The Reporting Entity Profile The Town is a political subdivision and a home rule municipality under the laws of the state. A Home Rule Charter was approved by the voters of the Town at an election held November 7, 2006, and last revised on May 6, 2017. The Town operates as a Council-Manager form of government with the Town Council comprised of the Mayor and six Council members. The term of office is three years. The Town Manager is the chief executive officer of the Town. The Town provides a full range of services including: public safety (police, fire, emergency medical services (EMS), and dispatch), municipal court, streets, water/wastewater, solid waste and storm drainage utilities, parks and recreation, library, engineering, planning and zoning, building inspections and code compliance, economic development and general administrative services. The Prosper Economic Development Corporation (PEDC) is Town-chartered and governed by a seven-member Board of Directors appointed by the Town Council. The Town has included the financial statements for the PEDC in its government-wide financial statements as a component unit. Component units are legally separate organizations that meet the criteria for inclusion in the financial statements of the primary government. Page 126 Item 9. iii The Town is located 31 miles north of downtown Dallas on the Dallas North Tollway and is approximately 27 square miles. Prosper includes areas in Collin and Denton counties. The Town is bisected north to south by Preston Road and the future DNT which has begun with scheduled completion in 2027. US Highway 380 compromises its southern border and is just five minutes north of the bustling Dallas North Tollway cities of Frisco and Plano. The Town is home to schools receiving top marks in recent grades from TEA and state championship sports teams, over 400 acres of open space and parks and other amenities. Access to the DFW area, coupled with a commitment to maintain a high quality of life has created rapid growth for the Prosper community. The 2014 estimated population for the Town was 14,986 with a 2024 estimate of 42,598 representing ten-year growth of 184%. Source: North Central Texas Council of Government and U.S. Census Bureau The Economic Outlook The Town continues to experience new home permits at a strong pace and benefits tremendously from its location. Average homestead value in tax year 2024 averaged $897,000 market and $643,000 taxable value. The difference between market and taxable values is a 12.5% homestead exemption and capped values. With the recent run-up in homestead values in excess of 10%, excess value is considered capped meaning that it will be allowed to increase future year values by 10% per year until all capped values are used. Page 127 Item 9. iv According to the Dallas Federal Reserve Bank’s October 31, 2024 Dallas-Fort Worth Economic Indicators, DFW had a 3.8% unemployment rate, average hourly earnings of $35.36, year-over-year wage growth of 2.8% and an annualized job growth for the September quarter of 3.8%. A December 24, 2024 Federal Reserve article entitled: “Texas economy grows modestly; business outlooks brightens” noted "The Texas economy exhibited recent signs of expansion, though job growth has slowed. A measure of economic activity, the Dallas Fed Texas Business Outlook Surveys (TBOS), shows moderate gains in services revenue, a resumption of retail sales increases and stable manufacturing production." Source: Tax Year amounts from Collin and Denton Central Appraisal Districts The Town continues to experience significant assessed valuation growth. Certified property valuations increased by $1,719M (26%) and $1,805M (15%) for the fiscal years 2024 and 2025 budget, respectively. Page 128 Item 9. v Sales Tax is the Town’s second largest revenue. In addition to the 1% municipal sales tax, Town voters have also approved a half cent 4A tax for economic development and a quarter cent each for Fire and Crime control districts for a total of a 2% local portion, the maximum allowed under state law. The economy influences the timing of population increases and the types of development that occur will affect the build-out of the Town. The Town Council adopted a new Comprehensive Plan in 2023 and will continue to annually review the Plan in response to changing market conditions. Long Term Financial Planning The Town’s rapid growth has created both challenges and opportunities. The greatest challenge has been constructing needed infrastructure in a timely enough manner to avoid both traffic gridlock and inadequate utility capacity for the growth that has already occurred and to promote the desired future Page 129 Item 9. vi growth as sites to the south reach build-out and the “prime-time” for Prosper commercial development approaches. Recognizing these challenges, the Town Council has approved updates to most of the Town’s financial policies substantially strengthening capital project management and long-term financial planning. In addition, in 2023 they adopted a simplified five-point strategic vision with the following goals: 1.ACCELERATION OF INFRASTRUCTURE 2.DEVELOPMENT OF DOWNTOWN PROSPER AS A DESTINATION 3.ENSURE THE TOWN’S COMMERCIAL CORRIDORS ARE READY FOR DEVELOPMENT 4.CONTINUE TO PROVIDE EXCELLENT MUNICIPAL SERVICES 5.WORK TOWARD A GROWING AND DIVERSIFIED TAX BASE These goals were reconfirmed in 2024 with only minor changes. Combining a clear vision of the future with strong financial policies and financial resources provided by growth should ensure that the Town maximizes the opportunities the region provides. Independent Audit Section 7.18 of the Town Charter requires an independent audit of all accounts of the Town at the close of each fiscal year by certified public accountants selected by the Council. This requirement has been complied with and the “Report of the Independent Auditors” has been included at the beginning of the Financial Section of this report. Additionally, the Town has a Finance Sub-committee of the Town Council that functions as a audit committee that hears and reviews all recommendations of the independent auditors. Certificate of Achievement The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Town for its ACFR for the fiscal year ended September 30, 2023. The Town has received a Certificate of Achievement for the thirteenth consecutive year. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized ACFR. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe the current report continues to conform to program requirements and we are submitting it to GFOA for consideration. Acknowledgments The preparation of this report would be impossible without the efficient and dedicated services of the Finance Department. We express our appreciation to all employees who contributed to its presentation. We also thank the Town Council for their interest and support in planning and conducting the financial operations of the Town in a responsible and progressive manner. Respectfully submitted, Mario Canizares Robert B. Scott, CPA Chris Landrum Marcus Northcutt Town Manager Deputy Town Manager/CFO Finance Director Accounting Manager Page 130 Item 9. vii Page 131 Item 9. viii Page 132 Item 9. TOWN OF PROSPER, TEXAS LIST OF PRINCIPAL OFFICIALS FISCAL YEAR ENDED SEPTEMBER 30, 2024 ix TOWN COUNCIL Mayor David F. Bristol Council Member Place 1, Mayor Pro-Tem Marcus E. Ray Council Member Place 2 Craig Andres Council Member Place 3, Deputy Mayor Pro-Tem Amy Bartley Council Member Place 4 Chris Kern Council Member Place 5 Jeff Hodges Council Member Place 6 Cameron Reeves Page 133 Item 9. TOWN OF PROSPER, TEXAS LIST OF PRINCIPAL OFFICIALS FISCAL YEAR ENDED SEPTEMBER 30, 2024 x APPOINTED OFFICIALS Town Manager Mario Canizares Town Secretary Michelle Lewis Sirianni Deputy Town Manager Robert Scott Assistant Town Manager Chuck Ewings Executive Director Robyn Battle Fire Chief Stuart Blasingame Police Chief Doug Kowalski Director of Development Services David Hoover Director of Engineering Hulon Webb Director of Finance Chris Landrum Director of Human Resources Tony Luton Director of Information Technology Leigh Johnson Director of Library Services Gary Landeck Director of Parks and Recreation Dan Baker Director of Public Works Carrie Jones Page 134 Item 9. 1 Page 135 Item 9. 2 Page 136 Item 9. 2300 North Field Street, Suite 1000 Dallas, Texas 75201 972-490-1970 Weaver and Tidwell, L.L.P. 3 CPAs AND ADVISORS | WEAVER.COM Independent Auditor’s Report To the Honorable Mayor and Members of the Town Council Town of Prosper, Texas Report on the Audit of the Financial Statements Opinions We have audited the financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of Town of Prosper, Texas (Town) as of and for the year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the Town’s basic financial statements as listed in the table of contents. In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the Town, as of September 30, 2024, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparisons for the General Fund and Impact Fee Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Town and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements The Town’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Town’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Page 137 Item 9. The Honorable Mayor and Members of the Town Council Town of Prosper, Texas 4 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS and Government Auditing Standards, we:  Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Town’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.  Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Town’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis and the Required Supplementary Information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Page 138 Item 9. The Honorable Mayor and Members of the Town Council Town of Prosper, Texas 5 Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Town's basic financial statements. The combining and individual fund financial statements and schedules are presented for the purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the other supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Information Included in the Annual Comprehensive Financial Report (ACFR) Management is responsible for the other information included in the ACFR. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 21, 2025 on our consideration of the Town’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Town’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Town’s internal control over financial reporting and compliance. WEAVER AND TIDWELL, L.L.P. Dallas, Texas March 21, 2025 Page 139 Item 9. 6 Page 140 Item 9. 7 MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2024 Amounts in Thousands Unless Otherwise Stated (Unaudited) March 21, 2025 As management of the Town of Prosper (Town), we offer this narrative overview and analysis of the financial activities and financial position of the Town for the fiscal year ended September 30, 2024. In the broadest context, the financial well-being of the government lies in the underlying wealth and willingness of its citizens and property owners to pay adequate taxes combined with the vision of the government’s elected and appointed leadership to spend those taxes strategically. This allows the City’s tax base, service levels, assets and desirability to be maintained, not just for the current year, but well into the future. Financial reporting is limited in its ability to provide this “big picture” but rather focuses on financial position and changes in financial position. In other words, are revenues and or expenses/expenditures higher or lower than the previous year? Has net position (containing both short and long-term assets and liabilities) or fund balances (the current “spendable” assets less current liabilities) of the government been maintained? We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal (pages i-vi of this report), the statistical section, as well as, information found on the Town Council Strategic Vision, the annual budget and other community information found on the Town’s website at www.prospertx.gov. It should be noted that the Report of the Independent Auditor preceding this Management's Discussion and Analysis (MD&A) explains the level of audit assurance associated with various sections of this report. All of the additional information from the website and other City sources is unaudited and has not been updated for events that may have occurred subsequent to the issuance of the respective report. OF NOTE The assets and deferred outflows of the Town, on a government-wide basis, exceeded its liabilities and deferred inflows as of September 30, 2024 by $684,597 (net position). Of this amount, $56,181 (unrestricted net position) may be used to meet the Town’s ongoing obligations to citizens and creditors. The Town’s total net position changed by $104,689. Most of the change is due to developer contributions of infrastructure totaling $83,804. The remaining change is due to strong revenue performance in the governmental activities and continued high investment income. Net position increases due to developer contributions do not represent an increase in "spendable resources" but are the responsibility of the Town to maintain that infrastructure for all future periods. As of the close of the current fiscal year, the Town’s governmental funds reported combined ending fund balances of $113,440 (made up of $13,227 in General Fund, $12,941 in Impact Fees Fund, $1,245 in Debt Service Fund, $79,149 in Capital Projects Fund and $6,878 in other governmental funds), a change of $40 in comparison with the prior year due primarily to changes of $(1,463) and $(4,372) in the General Fund and Capital Projects Fund, respectively, offset by a fund balance change of $5,638 in the Impact Fees Fund. At the end of the current fiscal year, total General Fund balances exceeded financial policy requirements with unassigned fund balance for the general fund of $1,178 or 2% of total current fiscal year General Fund expenditures available for spending at the Town’s discretion. OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the Town’s basic financial statements. The basic financial statements comprise four components: 1) government-wide financial statements, 2) fund financial statements, 3) notes to the financial statements and 4) required supplementary information which includes this MD&A and multi-year funding progress and contributions regarding the pension plan. This report also contains other supplementary information that complements, expands on or provides context for the basic financial statements themselves. Government-wide financial statements – The government-wide financial statements are designed to provide readers with a broad overview of the Town’s finances, in a manner similar to a private-sector business. Page 141 Item 9. 8 The Statement of Net Position presents information on all Town assets, deferred outflows, liabilities and deferred inflows, with the difference as net position. Over time, increases and decreases in net position may serve as a useful indicator of whether the financial position of the Town is improving or deteriorating. The Statement of Activities presents information showing how the Town’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the time of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Both of the government-wide financial statements distinguish functions of the Town that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the Town include general government, public safety, public works, recreation and transportation. The business-type activities of the Town include the water and sewer system, solid waste collection and disposal and storm drainage activities. The government-wide financial statements include not only the Town itself (known as the primary government) but also a legally separate economic development corporation. Financial information for this component unit is reported discretely in the government-wide financial statements. Fund financial statements – A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Town, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The funds of the Town can be divided into two categories: governmental funds and proprietary funds. Governmental funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as, on balances of spendable resources available at the end of the fiscal year. Such information is useful in evaluating the government’s near-term financing requirements and is most similar to the basis used for the Town’s budget. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the Town’s near-term financing decisions. Both the governmental fund balance sheet and the government fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The Town maintains sixteen individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General Fund, Impact Fees Fund, Debt Service Fund, Capital Projects Fund, Escrow Fund and ARPA Fund, all of which are considered to be major funds. Data from the other ten governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements and certain budgetary schedules in this report. The basic governmental fund financial statements can be found immediately following this MD&A. The Town adopts an annual appropriated budget for its General Fund, Debt Service Fund and Impact Fee Fund and several of the non-major governmental funds. Budgetary comparison statements/schedules have been provided for these funds to demonstrate compliance with the budgets. Proprietary funds – The town maintains two types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The Town uses enterprise funds to account for its water and sewer, solid waste collection and disposal and storm drainage activities. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The Internal Service Funds are used to accumulate and allocate costs internally among the Town’s various functions. The Town uses its Internal Service Funds to account for its vehicle and equipment replacement program and employee health insurance program. Because these services predominately benefit the Page 142 Item 9. 9 governmental rather than the business-type functions, they have been included within governmental activities in the government-wide financial statements. Notes to the financial statements – The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. Required supplementary information(RSI) – As discussed above, generally accepted accounting principles require for fair presentation of the basic financial statements and the accompanying notes to include certain required supplementary information including this MD&A and ten-year schedules of the Town’s progress and contributions in funding pension benefits to its employees. The accompanying audit opinion preceding this MD&A describes the limited procedures provided for this unaudited information. The combining statements referred to earlier in connection to the non-major governmental funds are considered “other information” and are not a required part of the basic financial statements. They are presented immediately following the required supplementary information on pensions. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the Town, assets and deferred outflows exceeded liabilities and deferred inflows by $684,597 at the close of the most recent fiscal year. A portion of the Town’s net position (90%) reflects its investment in capital assets which includes both traditional capital assets common to most entities (e.g., land, buildings, machinery, and equipment) and infrastructure assets, less any related debt used to acquire those assets that is still outstanding. The majority of this amount is invested in infrastructure assets which include roads, sidewalks, bridges, water and wastewater lines and stormwater lines. Infrastructure assets are unique in that they are immovable, not easily sold and represent a significant obligation to maintain in perpetuity. In addition, governmental infrastructure does not typically generate user fees and therefore must be financed and maintained using taxes. An additional portion of the Town’s net position (1%) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position (8%) may be used to meet the Town’s ongoing obligations to citizens and creditors. At the end of the current fiscal year, the Town is able to report position balances in all categories of net position, both for the Town as a whole, as well as for its separate governmental and business-type activities. Town of Prosper's Net Position Government-Wide Governmental Business-Type Activities Activities Total 2024 2023 2024 2023 2024 2023 Current and other assets $ 25,226 $ 27,102 $ 19,783 $ 20,633 $ 45,009 $ 47,735 Restricted assets 116,555 119,365 72,407 43,126 188,962 162,491 Capital assets 519,435 429,014 257,759 217,833 777,194 646,847 Total assets 661,216 575,481 349,949 281,592 1,011,165 857,073 Deferred outflows of resources 5,394 6,721 724 887 6,118 7,608 Total outflows of resources 5,394 6,721 724 887 6,118 7,608 Long-term liabilities 227,095 202,132 79,406 50,876 306,501 253,008 Other liabilities 22,342 26,693 3,153 4,827 25,495 31,520 Total liabilities 249,437 228,825 82,559 55,703 331,996 284,528 Deferred inflows of resources 121 19 569 226 690 245 Total inflows of resources 121 19 569 226 690 245 Net position: Net investment in capital assets 381,498 327,744 236,209 199,461 617,707 527,205 Restricted 7,354 6,408 3,355 1,925 10,709 8,333 Unrestricted 28,200 19,206 27,981 25,164 56,181 44,370 Total net position $ 417,052 $ 353,358 $ 267,545 $ 226,550 $ 684,597 $ 579,908 Page 143 Item 9. 10 Town of Prosper's Changes in Net Position Government-Wide Governmental Business-Type Activities Activities Total 2024 2023 2024 2023 2024 2023 Revenues: Program revenues: Charges for services $ 17,723 $ 17,421 $ 39,628 $ 35,014 $ 57,351 $ 52,435 Operating grants & contributions 579 1,812 8,888 3,988 9,467 5,800 Capital grants & contributions 48,581 40,189 34,319 23,765 82,900 63,954 General revenues: Property taxes 45,951 38,596 - - 45,951 38,596 Other taxes 23,164 20,445 - - 23,164 20,445 Investment income 7,010 4,622 2,955 1,920 9,965 6,542 Other income 1,176 186 494 416 1,670 602 Total revenues 144,184 123,271 86,284 65,103 230,468 188,374 Expenses: Administration 16,179 13,351 - - 16,179 13,351 Police 13,803 10,576 - - 13,803 10,576 Fire and EMS 14,943 13,304 - - 14,943 13,304 Development services 6,175 3,220 - - 6,175 3,220 Public works 14,539 17,173 - - 14,539 17,173 Community services 9,035 7,516 - - 9,035 7,516 Engineering 2,742 2,895 - - 2,742 2,895 Interest on long-term debt 5,008 3,664 - - 5,008 3,664 Utility - - 43,355 37,222 43,355 37,222 Total expenses 82,424 71,699 43,355 37,222 125,779 108,921 Revenues in excess of expenses 61,760 51,572 42,929 27,881 104,689 79,453 Transfers 1,934 1,235 (1,934)(1,235) - - Change in net position 63,694 52,807 40,995 26,646 104,689 79,453 Net position - beginning of year 353,358 300,551 226,550 199,904 579,908 500,455 Net position - end of year $ 417,052 $ 353,358 $ 267,545 $ 226,550 $ 684,597 $ 579,908 The following key elements influenced the changes in net position from the prior year: Revenues for fiscal year (FY) 2024 changed by $42,094, or 22% in comparison to the prior year. The change is primarily due to changes in sales taxes, property taxes, charges for services reflecting population growth, changes in property values and continued expansion of the Town’s retail sector. Property and other taxes changed by $10,074 from prior year due to changes in assessed value and growth in the Town. These changes were partially offset by changes in grants (developer contributions) and contributions representing a modest slowdown in subdivision completions and final acceptance. Enterprise fund charges for services changed by $4,614 over the prior year due to both commercial and residential growth within the Town. Excluding solid waste, rates were unchanged but as discussed later in this MD&A were increased for next year. Governmental Activities Expenses by Type Governmental Activities Page 144 Item 9. 11 Governmental activities changed the Town’s net position by $63,694. The following factors contributed to this change: Property and other taxes changed by $10,074 (17%) primarily due a substantial changes in assessed valuations spread fairly evenly between new construction and appreciation of existing values and sales tax increases. The Town’s retail sector continues to expand and benefit from population growth both within the Town and neighboring communities. Capital grants and contributions changed by $8,392 (21%) due to a change in developer contributions of infrastructure during the year. This number can be volatile as individual contributions can be large and recognition of the contribution is dependent on Engineering’s final acceptance of the infrastructure which also represents when the Town becomes responsible for maintaining the assets into perpetuity. Total governmental activity expenses changed by $10,725 (15%) during the year primarily due to staffing increases, increased activity levels and general inflationary pressures. The largest functional areas affected by this change were Police ($3,227), Development Services ($2,955) and Administration ($2,827) with smaller changes in other departments offset by a change in Public Works ($-2,634) which tends to be more volatile due to special projects and developer payments. Business-Type Activities Business-type activities increased the Town’s net position by $40,995. The following factors contributed to this change: Charges for services changed by $4,614 (13%) from the previous year due to increases in usage driven by population and commercial growth. Operating expenses increased by $6,133 (16%) from the previous year primarily due to an increase in contractual services mainly due to increases in usage and higher rates from the Town’s regional water and wastewater treatment suppliers. Capital Grants and Contributions were $34,319 and Operating Grants were $8,888. As a Water/Wastewater distribution and collection utility, the Town relies on its regional suppliers for potable water and to treat all wastewater. Its ultimate goal is to breakeven overtime including all depreciation and all ongoing maintenance while maintaining financial policy reserves and exceeding debt coverage ratios. As a result, when fund balances begin to greatly exceed policy requirements, it is the Town’s practice to not raise or raise at a reduced amount rates even if that results in a small projected deficit for the year. FINANCIAL ANALYSIS OF THE TOWN’S FUNDS As noted earlier, the Town uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Fund Balance by Type Governmental Funds Page 145 Item 9. 12 Governmental funds – The focus of the Town’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the Town’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available at the end of the fiscal year. At the end of the current fiscal year, the Town’s governmental funds reported combined ending fund balances of $113,440, a small change of $40 from the prior year primarily from an increase in Impact Fees Fund balance offset by decrease in the Capital Projects Fund. Of the current combined ending fund balance, $484 is nonspendable due to prepaid items and inventory, $83,606 is restricted for debt service, capital projects, public safety, parks and other, $9,953 is committed for contingency in accordance with the Town charter, $16,607 is committed for capital projects, $1,612 was assigned for next year’s budget and $1,178 is unassigned. The large committed balance for capital funds is primarily due to $0.102 of the property tax rate being dedicated to capital purposes. The General Fund is the chief operating fund of the Town. At the end of the current fiscal year, unassigned fund balance of the General Fund was $1,178. Total unassigned fund balance represents 2% of total General Fund expenditures. The change in fund balance of $(1,463) is primarily due to capital outlay (patrol cars, trucks, etc.) of $1,355 needed to equip the new General Fund positions added during the year. It is the practice of the Town to draw down excess fund balance for these new capital items. Future replacement of these items will be paid from the Vehicle Equipment Replacement Fund, an internal service fund. The Impact Fees Fund has a total fund balance of $12,941; which is restricted for capital projects. The balances in this fund will change as the payments by developers and home builders will often be received years before the intended projects are bid and awarded or the developer is reimbursed for assets constructed. The Debt Service Fund has a total fund balance of $1,245; all of which is restricted for payment of debt service. The small change in fund balance of $(58) represents current state statues requiring any excess collections to reduce the upcoming year's debt service tax rate. The Capital Projects Fund has a total fund balance of $79,149; all of which is restricted or committed for construction. The change in fund balance of $(4,372) is due to capital outlays in accordance with the Town’s goal to accelerate construction of infrastructure offset by the Town’s 2024 debt issuance. Proprietary funds – The Town’s proprietary funds provide the same type of information and on the same basis of accounting found in the government-wide financial statements, but in more detail. The Water and Sewer Fund's unrestricted net position of at the end of the year was $27,592. The change in net position was $31,878 to $202,233. The majority of the increase was a result of developer contributions, impact fees revenue and an intergovernmental grant. The Solid Waste Fund is in its second year and had been previously reported within the Water and Sewer Fund. This change was made to provide greater transparency and to create a rate structure for solid waste services that is totally self-supporting. Effective February 1, 2024, solid waste charges to residential customers included additional administrative fees to cover general and administrative expenses of the fund and to pay for the purchase of Town owned residential trash and recycling carts. The changes have resulting in positive net position for the current year. The Stormwater Drainage Utility Fund net position changed by $9,078 to $65,267. This change is from developer contributions offset by an operating loss due to depreciation. GENERAL FUND BUDGETARY HIGHLIGHTS Original budget compared to final budget – During the year amendments to increase original revenue were due to license and permit revenue reflecting unexpectedly strong building activity, better than anticipated sales tax receipts and interest rates remaining higher than originally anticipated. Other budget amendments include increased budgeted expenditures primarily in Police due to higher than anticipated overtime. Final budget compared to actual results – Traditionally, the Town budgeted on a GAAP basis by reappropriating encumbered but unspent amounts at year end into the next year’s budget. This practice was stopped in 2023 as it blurred the lines between annual budgets and created the appearance of deficit budgets. Therefore, a reconciliation column has been added to the Budget and Actual Statement to restate GAAP actual to the new Budget Basis. During the year, revenues varied $39 from estimated and expenditures varied $(784) from budgeted. The small differences between the final budget and actual results are reflective of monthly budget monitoring and the adoption of mid-year re-estimates and other year-end adjustments to ensure budget compliance. Page 146 Item 9. 13 The first element of the Town Council's strategic vision is the acceleration of infrastructure with the capital dedicated levy representing an important tool for accomplishing this element of the strategic vision. CAPITAL ASSETS AND DEBT ADMINISTRATION Capital assets – The Town’s investment in capital assets for its governmental and business-type activities as of September 30, 2024 is $777,194 (net of accumulated depreciation). This investment in capital assets includes land, buildings and infrastructure, equipment and right to use assets. Major capital asset events during the current fiscal year included the following: Capital asset acquisitions in governmental activities totaled $105. The majority of this activity was funded from bond proceeds and was for streets, parks and related infrastructure. Capital asset additions in business-type activities totaled $48,666. The majority of this activity was funded from bond proceeds and was for new water and sewer projects. Governmental Business-Type Activities Activities Total 2024 2023 2024 2023 2024 2023 Government-wide capital assets: Non-depreciable assets $ 199,186 $ 130,045 $ 29,741 $ 13,436 $ 228,927 $ 143,481 Depreciable assets 412,156 376,055 276,940 246,143 689,096 622,198 Right to use assets 6,406 5,590 - 320 6,406 5,910 Total capital assets 617,748 511,690 306,681 259,899 924,429 771,589 Less: accumulated depreciation (98,313)(82,676)(48,922)(42,066)(147,235)(124,742) Government-wide capital assets, net $ 519,435 $ 429,014 $ 257,759 $ 217,833 $ 777,194 $ 646,847 Additional information on the Town’s capital assets can be found in VI - Capital Assets of the notes to the financial statements. Long-term liabilities – At the end of the current fiscal year, the Town had long-term liabilities outstanding of $306,501. The Town’s debt is backed by the full faith and credit of the Town. The Town’s bond ratings are AA+ as assigned by Standard & Poor’s and Aa1 as assigned by Moody’s. Total long-term liabilities consisted of the following: Governmental Business-Type Activities Activities Total 2024 2023 2024 2023 2024 2023 Government-wide long-term liabilities: Certificates of obligation and general obligation bonds $ 203,950 $ 178,911 $ 74,060 $ 47,494 $ 278,010 $ 226,405 Bonds premium on issuance 12,259 12,018 4,219 2,178 16,478 14,196 Compensated absences payable 3,374 2,815 299 297 3,673 3,112 Lease payable 709 324 - - 709 324 SBITA payable 414 824 - - 414 824 Net pension liability 6,389 7,240 828 906 7,217 8,146 Total government-wide long-term liabilities $ 227,095 $ 202,132 $ 79,406 $ 50,875 $ 306,501 $ 253,007 Additional information on the Town’s long-term liabilities can be found in the VIII - Long-term Liabilities in the notes to the financial statements. NEXT YEAR’S BUDGET The Town continues to grow rapidly, with residential and commercial development occurring at high levels. The resulting increase in property values reflects the commitment of the Council and the efforts of the Prosper Economic Development Corporation (PEDC) to attract quality development. The FY 2025 Adopted Budget addresses the need for increased service levels due to growth while also placing a major emphasis on capital needs. A capital dedicated portion of the Maintenance & Operations levy created in the FY 2023 budget was Page 147 Item 9. 14 continued at 10 cents of the total 50.5 cent levy. This capital dedicated allows the Town to quickly address capital needs while also managing the Town’s overall debt levels. Water and wastewater rates were increased by a blended rate of 8.8% (6.3% water and 16% wastewater). This was the first rate increase in four years and was primarily due to cost increases from the Town's regional water and wastewater treatment providers with wastewater rates increasing proportionally more due to the substantial expansion of the Doe Branch regional wastewater plant. Highlights of the Fiscal Year 2025 budget: A total of 23 new positions including five Police Officers and one Detective to facilitate a new patrol philosophy. Property values increased by $1.3 billion from total taxable of $8.3 billion to $9.6 billion a 15% increase. This increase included $870 million of new construction. New general capital projects budgeted for the year were $53.8 million. New water and sewer capital projects totaled $74.2 million. REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the Town’s finances for all those with an interest in the Town’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Office of the Town Manager, P.O. Box 307, Prosper, Texas 75078 or contact us at prospertx.gov. Page 148 Item 9. 15 Page 149 Item 9. 16 TOWN OF PROSPER, TEXAS STATEMENT OF NET POSITION SEPTEMBER 30, 2024 Primary Government Governmental Activities Business-Type Activities Total Prosper Economic Development Corporation (EDC) ASSETS Cash and cash equivalents $19,566,445 $11,541,421 $31,107,866 $15,112,591 Taxes receivable, net 3,610,451 -3,610,451 872,832 Receivables, net 1,419,167 6,773,799 8,192,966 - Accrued interest 146,170 91,351 237,521 - Inventory 113,833 1,374,274 1,488,107 - Prepaid items 369,709 2,457 372,166 - Restricted assets: Restricted cash and cash equivalents 108,558,697 67,409,196 175,967,893 - Restricted investments 7,996,428 4,997,442 12,993,870 - Capital assets not being depreciated/amortized: Land 113,313,852 2,601,366 115,915,218 8,218,868 Construction in progress 85,871,844 27,139,329 113,011,173 - Capital assets net of accumulated depreciation/amortized: Buildings and improvements 71,358,278 54,430 71,412,708 - Equipment 12,887,918 2,138,950 15,026,868 - Right to use - vehicles and equipment 2,527,210 -2,527,210 - Right to use - Subscription-based IT arrangements (SBITA)667,925 -667,925 - Intangible assets -13,228,483 13,228,483 - Infrastructure 232,808,235 212,596,576 445,404,811 - Total assets 661,216,162 349,949,074 1,011,165,236 24,204,291 DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding 251,506 56,786 308,292 - Pension related 5,142,111 666,791 5,808,902 63,409 Total deferred outflows of resources 5,393,617 723,577 6,117,194 63,409 The accompanying notes are an integral part of these financial statements. Page 150 Item 9. 17 TOWN OF PROSPER, TEXAS STATEMENT OF NET POSITION SEPTEMBER 30, 2024 Primary Government Governmental Activities Business-Type Activities Total Prosper Economic Development Corporation (EDC) LIABILITIES Accounts payable 9,812,088 1,450,185 11,262,273 72,011 Accrued expenses 1,687,183 218,713 1,905,896 22,100 Retainage payable 3,265,018 817,364 4,082,382 - Accrued interest payable 873,739 497,109 1,370,848 - Customer deposits and escrow payable 6,704,039 169,500 6,873,539 3,560 Noncurrent liabilities: Due within one year Long-term debt 11,528,660 3,858,757 15,387,417 10,172 Due in more than one year Long-term debt 209,176,620 74,718,926 283,895,546 30,515 Net pension liability 6,389,243 828,509 7,217,752 78,787 Total liabilities 249,436,590 82,559,063 331,995,653 217,145 DEFERRED INFLOWS OF RESOURCES Lease related 121,300 568,832 690,132 - Total deferred inflows of resources 121,300 568,832 690,132 - NET POSITION Net investment in capital assets 381,498,132 236,208,726 617,706,858 - Restricted for: Debt service 476,054 577,675 1,053,729 - Public safety 1,034,337 -1,034,337 - Parks 1,232,390 -1,232,390 - Impact fees -2,776,957 2,776,957 - TIRZ 2,567,851 -2,567,851 - Other 2,043,281 -2,043,281 - Economic development ---24,050,555 Unrestricted 28,199,844 27,981,398 56,181,242 - Total net position $417,051,889 $267,544,756 $684,596,645 $24,050,555 The accompanying notes are an integral part of these financial statements. Page 151 Item 9. 18 TOWN OF PROSPER, TEXAS STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2024 Program Revenues Functions/Programs Expenses Charges for Services Operating Grants and Contributions Capital Grants and Contributions Primary government: Governmental activities: Administration $16,178,585 $3,115,730 $306,794 $68,804 Police 13,803,148 81,833 95,461 - Fire and EMS 14,943,076 1,755,417 101,311 - Development services 6,175,258 5,344,255 -- Public works 14,538,817 6,095,316 -46,841,058 Community services 9,034,759 664,872 75,393 1,671,181 Engineering 2,742,238 666,171 -- Interest 5,008,452 --- Total governmental activities 82,424,333 17,723,594 578,959 48,581,043 Business-type activities: Water and sewer 35,719,759 33,722,492 8,888,286 22,830,076 Solid waste 4,929,985 4,961,117 -- Storm drainage 2,705,899 943,889 -11,489,055 Total business-type activities 43,355,643 39,627,498 8,888,286 34,319,131 Total primary government 125,779,976 57,351,092 9,467,245 82,900,174 Component unit: Prosper EDC 2,545,810 23,733 -- Total component units $2,545,810 $23,733 $-$- General revenues: Property taxes Sales and use taxes Franchise fees Unrestricted investment earnings Miscellaneous Transfers Total general revenues and transfers Change in net position Net position - beginning Net position - ending The accompanying notes are an integral part of these financial statements. Page 152 Item 9. 19 Net (Expense) Revenue and Changes in Net Position Primary Government Component Unit Governmental Activities Business-type Activities Total Prosper EDC $(12,687,257)$-$(12,687,257)$- (13,625,854)-(13,625,854)- (13,086,348)-(13,086,348)- (831,003)-(831,003)- 38,397,557 -38,397,557 - (6,623,313)-(6,623,313)- (2,076,067)-(2,076,067)- (5,008,452)-(5,008,452)- (15,540,737)-(15,540,737)- -29,721,095 29,721,095 - -31,132 31,132 - -9,727,045 9,727,045 - -39,479,272 39,479,272 - (15,540,737)39,479,272 23,938,535 - ---(2,522,077) ---(2,522,077) 45,951,387 -45,951,387 - 19,540,095 -19,540,095 5,111,774 3,623,599 -3,623,599 - 7,009,622 2,955,203 9,964,825 846,062 1,176,044 493,908 1,669,952 20 1,934,140 (1,934,140)-- 79,234,887 1,514,971 80,749,858 5,957,856 63,694,150 40,994,243 104,688,393 3,435,779 353,357,739 226,550,513 579,908,252 20,614,776 417,051,889 267,544,756 684,596,645 24,050,555 Page 153 Item 9. 20 TOWN OF PROSPER, TEXAS BALANCE SHEET - GOVERNMENTAL FUNDS SEPTEMBER 30, 2024 General Fund Impact Fees Debt Service ASSETS Cash and cash equivalents $13,098,988 $13,104,199 $1,245,277 Investments --- Taxes receivable, net 2,132,457 -108,911 Accounts receivable, net 1,356,172 -- Accrued interest --- Due from other funds --- Inventory 113,833 -- Prepaid items 369,709 -- Total assets 17,071,159 13,104,199 1,354,188 LIABILITIES Accounts payable 1,541,266 163,322 4,395 Accrued expenses 1,453,425 -- Retainage payable --- Escrow payable --- Due to other funds 31,451 -- Total liabilities 3,026,142 163,322 4,395 DEFERRED INFLOWS OF RESOURCES Lease related 121,300 -- Unavailable revenue: Property taxes 210,790 -104,561 Fines and fees 4,848 -- EMS 481,140 -- Total deferred inflows of resources 818,078 -104,561 FUND BALANCE Nonspendable for: Inventory 113,833 -- Prepaid items 369,709 -- Restricted for: Debt service --1,245,232 Tax increment reinvestment zone (TIRZ)--- Streets -12,940,877 - Public safety --- Parks --- Other --- Committed for: Contingency reserve 9,953,095 -- Capital projects --- Assigned for: Next year's budget: appropriation of fund balance 1,611,822 -- Unassigned 1,178,480 -- Total fund balances 13,226,939 12,940,877 1,245,232 Total liabilities, deferred inflows of resources and fund balances 17,071,159 13,104,199 1,354,188 The accompanying notes are an integral part of these financial statements. Page 154 Item 9. 21 Capital Projects Escrow ARPA Nonmajor Governmental Total Governmental Funds $81,761,072 $6,704,039 $-$5,744,110 $121,657,685 7,996,428 ---7,996,428 ---1,369,083 3,610,451 ---12,538 1,368,710 146,170 ---146,170 31,451 ---31,451 ----113,833 ----369,709 89,935,121 6,704,039 -7,125,731 135,294,437 7,520,698 --14,114 9,243,795 ---233,758 1,687,183 3,265,018 ---3,265,018 -6,704,039 --6,704,039 ----31,451 10,785,716 6,704,039 -247,872 20,931,486 ----121,300 ----315,351 ----4,848 ----481,140 ----922,639 ----113,833 ----369,709 ----1,245,232 ---2,567,851 2,567,851 31,976,181 ---44,917,058 11,688,374 --1,034,337 12,722,711 18,877,857 --1,232,390 20,110,247 ---2,043,281 2,043,281 ----9,953,095 16,606,993 ---16,606,993 ----1,611,822 ----1,178,480 79,149,405 --6,877,859 113,440,312 89,935,121 6,704,039 -7,125,731 135,294,437 Page 155 Item 9. 22 This Page Intentionally Left Blank Page 156 Item 9. TOWN OF PROSPER, TEXAS RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2024 The accompanying notes are an integral part of these financial statements. 23 Total fund balances - governmental funds $ 113,440,312 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not current financial resources and therefore are not reported in the governmental funds balance sheet. 508,481,610 Bonds, leases and SBITA payables and accrued compensated absences will not be liquidated with current financial resources and therefore have not been included in the fund financial statements.(208,446,745) Interest payable on long-term debt is accrued in the government-wide financial statements, whereas in the fund financial statements, interest expenditures are reported when due.(873,739) Premiums on bond issuances and deferred losses on bond refunding are recorded as other financing sources and uses when paid in the fund financial statements but are capitalized and amortized in the government-wide financial statements over the life of the bonds. Premiums (12,258,535) Deferred loss 251,506 Receivables from property taxes and fines and fees are not available soon enough to pay for the current period's expenditures and are, therefore, deferred in the fund financial statements. 801,339 Included in the items related to debt is the recognition of the Town's proportionate share of the net pension liability and related deferred outflows and inflows of resources. The net effect is to decrease net position. Net pension liability (6,389,243) Deferred outflows related to pensions 5,142,111 The Town uses internal service funds to charge the costs of the medical program and the vehicle and equipment replacement program to appropriate departments in other funds. The assets and liabilities of the internal service fund are included in the governmental activities in the statement of net position. The net effect is to increase net position. 16,903,273 Net position of governmental activities $ 417,051,889 Page 157 Item 9. 24 TOWN OF PROSPER, TEXAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2024 General Fund Impact Fees Debt Service REVENUES Taxes: Property taxes $20,579,402 $-$15,429,086 Sales and use taxes 11,251,905 -- Franchise fees 3,623,599 -- Licenses and permits 6,296,621 -- Charges for services 1,558,705 -- Impact fees -6,095,316 - Escrow income --- Intergovernmental 231,092 -- Investment income 991,412 551,777 251,540 Fines, fees, warrants and seizures 430,523 -- Park fees 704,573 -- Contributions --- Miscellaneous 919,968 -- Total revenues 46,587,800 6,647,093 15,680,626 EXPENDITURES Current: Administration 9,668,129 -- Police 9,550,614 -- Fire and EMS 10,518,445 -- Development services 3,286,657 -- Public works 4,475,308 876,694 - Community services 7,327,868 -- Engineering 2,657,993 -- Capital outlay 2,174,921 -- Debt service: Principal 720,376 -8,885,722 Interest and fiscal charges 24,021 -6,842,143 Bond issue costs and fees --10,049 Total expenditures 50,404,332 876,694 15,737,914 Excess (deficiency) of revenues over (under) expenditures (3,816,532)5,770,399 (57,288) OTHER FINANCING SOURCES (USES) Issuance of debt --- Premium on issuance of bonds --- Issuance of leases and SBITA 817,314 -- Insurance proceeds 239,448 -- Transfers in 1,297,100 167,514 - Transfers out -(300,000)- Total other financing sources (uses)2,353,862 (132,486)- NET CHANGE IN FUND BALANCE (1,462,670)5,637,913 (57,288) FUND BALANCES - BEGINNING 14,689,609 7,302,964 1,302,520 FUND BALANCES - ENDING $13,226,939 $12,940,877 $1,245,232 The accompanying notes are an integral part of these financial statements. Page 158 Item 9. 25 Capital Projects Escrow ARPA Nonmajor Governmental Total Governmental Funds $8,502,003 $-$-$1,918,742 $46,429,233 ---8,288,190 19,540,095 ----3,623,599 ----6,296,621 ----1,558,705 ---2,450,253 8,545,569 -167,514 --167,514 250,681 ---481,773 4,434,033 -114,018 334,498 6,677,278 ---39,249 469,772 ----704,573 4,488,310 --1,943,655 6,431,965 7,872 --8,756 936,596 17,682,899 167,514 114,018 14,983,343 101,863,293 ---5,209,317 14,877,446 ---3,076,605 12,627,219 ---3,096,242 13,614,687 2,796,584 ---6,083,241 ----5,352,002 ---5,199 7,333,067 ----2,657,993 58,952,536 ---61,127,457 ----9,606,098 ----6,866,164 350,180 ---360,229 62,099,300 --11,387,363 140,505,603 (44,416,401)167,514 114,018 3,595,980 (38,642,310) 33,925,000 ---33,925,000 2,832,242 ---2,832,242 ----817,314 ----239,448 3,351,055 ---4,815,669 (63,398)(167,514)(364,837)(3,051,055)(3,946,804) 40,044,899 (167,514)(364,837)(3,051,055)38,682,869 (4,371,502)-(250,819)544,925 40,559 83,520,907 -250,819 6,332,934 113,399,753 $79,149,405 $-$-$6,877,859 $113,440,312 Page 159 Item 9. 26 This Page Intentionally Left Blank Page 160 Item 9. TOWN OF PROSPER, TEXAS RECONCILIATION OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2024 The accompanying notes are an integral part of these financial statements. 27 Net change in fund balances - governmental funds $ 40,559 Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities that cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. The net effect of miscellaneous transactions involving capital assets (i.e., sales, trade-ins, or donations) to net position. Capital outlay 61,127,457 Depreciation and amortization expense (13,430,074) Retirement of SBITA (202,180) Governmental funds do not recognize assets contributed by others. However, in the statement of activities, the fair market value of those assets are recognized as revenue then allocated over their estimated useful lives and reported as depreciation expense. 35,203,197 The issuance of long-term debt (e.g. bonds) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas the amounts are deferred and amortized in the Statement of Activities. Issuance of bonds (33,925,000) Premium on bond issuance (2,832,242) Issuance of leases and SBITA (817,314) Retirement of SBITA 121,821 Repayment of principal of long-term debt 9,606,098 Amortization of: Premium on bond issuance 2,592,060 Loss on refunding (217,213) Current year changes in certain long-term liabilities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. Compensated absences (559,288) Net pension liability and related deferred outflows and inflows (252,280) Interest payable on long-term debt is accrued in the government-wide financial statements, whereas in the fund financial statements, interest expenditures are reported when due. The increase in interest accrual decreases net position.(156,905) The Town uses an internal service fund to charge the costs of the medical program and the vehicle and equipment replacement program to the appropriate departments in other funds. The change in net position of the internal service fund is reported with governmental activities. 7,817,067 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds.(421,613) Change in net position of governmental activities $ 63,694,150 Page 161 Item 9. 28 TOWN OF PROSPER, TEXAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis REVENUES Property taxes $21,146,121 $21,185,761 $20,579,402 Sales and use taxes 11,091,492 11,658,281 11,251,905 Franchise fees 3,221,816 3,136,725 3,623,599 Licenses and permits 5,789,150 6,831,901 6,296,621 Charges for services 1,296,024 1,295,881 1,558,705 Intergovernmental 37,840 46,101 231,092 Investment income 750,000 1,004,268 991,412 Fines, fees, warrants and seizures 303,500 404,050 430,523 Park fees 652,850 652,850 704,573 Miscellaneous 312,900 324,370 919,968 Total revenues 44,601,693 46,540,188 46,587,800 EXPENDITURES Current: Administration 9,991,267 10,103,006 9,668,129 Police 9,595,898 10,167,070 9,550,614 Fire and EMS 10,562,840 10,539,676 10,518,445 Development services 4,139,855 3,892,143 3,286,657 Public works 4,567,242 4,664,841 4,475,308 Community services 7,486,803 7,430,767 7,327,868 Engineering 2,684,047 2,693,500 2,657,993 Debt service: Capital outlay --2,174,921 Principal --720,376 Interest and fiscal charges --24,021 Total expenditures 49,027,952 49,491,003 50,404,332 Excess (deficiency) of revenues over (under) expenditures (4,426,259)(2,950,815)(3,816,532) OTHER FINANCING SOURCES (USES) Issuance of leases and SBITA --817,314 Insurance proceeds --239,448 Transfers in 1,297,102 1,297,102 1,297,100 Transfers out -(496,389)- Total other financing sources (uses)1,297,102 800,713 2,353,862 CHANGE IN FUND BALANCE (3,129,157)(2,150,102)(1,462,670) FUND BALANCE - BEGINNING 14,689,609 14,689,609 14,689,609 FUND BALANCE - ENDING $11,560,452 $12,539,507 $13,226,939 The accompanying notes are an integral part of these financial statements. Page 162 Item 9. 29 Adjustment Budget Basis Actual Amounts Budget Basis Variance with Final Budget Positive (Negative) $-$20,579,402 $(606,359) -11,251,905 (406,376) -3,623,599 486,874 -6,296,621 (535,280) -1,558,705 262,824 -231,092 184,991 (8,363)983,049 (21,219) -430,523 26,473 -704,573 51,723 -919,968 595,598 (8,363)46,579,437 39,249 (133,958)9,534,171 568,835 -9,550,614 616,456 -10,518,445 21,231 (6,450)3,280,207 611,936 11,000 4,486,308 178,533 -7,327,868 102,899 -2,657,993 35,507 -2,174,921 (2,174,921) -720,376 (720,376) -24,021 (24,021) (129,408)50,274,924 (783,921) 121,045 (3,695,487)(744,672) -817,314 817,314 -239,448 239,448 -1,297,100 (2) --496,389 -2,353,862 1,553,149 121,045 (1,341,625)808,477 -14,689,609 - $121,045 $13,347,984 $808,477 Page 163 Item 9. 30 TOWN OF PROSPER, TEXAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE IMPACT FEES FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Impact fees $5,200,000 $5,910,011 $6,095,316 $185,305 Investment income 250,000 405,305 551,777 146,472 Total revenues 5,450,000 6,315,316 6,647,093 331,777 EXPENDITURES Public works 3,750,160 2,054,008 876,694 1,177,314 Total expenditures 3,750,160 2,054,008 876,694 1,177,314 Excess (deficiency) of revenues over (under) expenditures 1,699,840 4,261,308 5,770,399 1,509,091 OTHER FINANCING SOURCES (USES) Transfers in --167,514 167,514 Transfers out -(600,000)(300,000)300,000 Total other financing sources (uses)-(600,000)(132,486)467,514 CHANGE IN FUND BALANCE 1,699,840 3,661,308 5,637,913 1,976,605 FUND BALANCE - BEGINNING 7,302,964 7,302,964 7,302,964 - FUND BALANCE - ENDING $9,002,804 $10,964,272 $12,940,877 $1,976,605 The accompanying notes are an integral part of these financial statements. Page 164 Item 9. 31 TOWN OF PROSPER, TEXAS STATEMENT OF NET POSITION - PROPRIETARY FUNDS SEPTEMBER 30, 2024 Enterprise Funds Governmental Activities Water and Sewer Solid Waste Stormwater Drainage Total Enterprise Internal Service Funds ASSETS Current assets: Cash and cash equivalents $11,150,458 $124,391 $266,572 $11,541,421 $6,467,457 Receivables, net 6,387,627 230,521 155,651 6,773,799 50,457 Interfund note receivable 1,922,911 --1,922,911 - Accrued interest 91,351 --91,351 - Inventory 1,374,274 --1,374,274 - Prepaid items 2,372 -85 2,457 - Total current assets 20,928,993 354,912 422,308 21,706,213 6,517,914 Noncurrent assets: Restricted cash and cash equivalents 67,409,196 --67,409,196 - Restricted investments 4,997,442 --4,997,442 - Capital assets: Nondepreciable 29,118,835 -621,860 29,740,695 1,381,702 Depreciable, net 159,494,668 1,849,417 66,674,354 228,018,439 7,775,212 Right to use, net ----1,796,738 Total noncurrent assets 261,020,141 1,849,417 67,296,214 330,165,772 10,953,652 Total Assets 281,949,134 2,204,329 67,718,522 351,871,985 17,471,566 DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding 56,786 --56,786 - Deferred outflows related to pensions 614,692 7,506 44,593 666,791 - Total deferred outflows of resources 671,478 7,506 44,593 723,577 - LIABILITIES Current liabilities: Accounts payable and accrued expenses 1,416,415 234,082 18,401 1,668,898 568,293 Retainage payable 817,364 --817,364 - Accrued interest payable 471,818 -25,291 497,109 - Customer deposits and escrow payable 169,500 --169,500 - Interfund note payable -1,922,911 -1,922,911 - Current portion of long-term liabilities: Compensated absences 67,095 404 7,223 74,722 - Bonds payable 3,664,035 -120,000 3,784,035 - Total current liabilities 6,606,227 2,157,397 170,915 8,934,539 568,293 Noncurrent liabilities: Compensated absences 201,285 1,212 21,668 224,165 - Bonds payable 72,247,026 -2,247,735 74,494,761 - Net pension liability 763,775 9,327 55,407 828,509 - Total noncurrent liabilities 73,212,086 10,539 2,324,810 75,547,435 - Total Liabilities 79,818,313 2,167,936 2,495,725 84,481,974 568,293 DEFERRED INFLOWS OF RESOURCES Lease related 568,832 --568,832 - Total deferred inflows of resources 568,832 --568,832 - NET POSITION Net investment in capital assets 171,287,154 (6,907)64,928,479 236,208,726 10,699,242 Restricted for impact fees 2,776,957 --2,776,957 - Restricted for debt service 577,675 --577,675 - Unrestricted 27,591,681 50,806 338,911 27,981,398 6,204,031 Total net position $202,233,467 $43,899 $65,267,390 $267,544,756 $16,903,273 The accompanying notes are an integral part of these financial statements. Page 165 Item 9. 32 This Page Intentionally Left Blank Page 166 Item 9. 33 TOWN OF PROSPER, TEXAS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION - PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2024 Enterpise Funds Governmental Activities Water and Sewer Solid Waste Stormwater Drainage Total Enterprise Internal Service Funds OPERATING REVENUES Charges for services: Water and sewer charges $32,543,431 $-$-$32,543,431 $- Sanitation charges -2,961,117 -2,961,117 - Storm drainage utility fees --943,889 943,889 - Water and sewer connections 853,150 --853,150 - Service initiation fees 120,000 --120,000 - Health charges ----4,365,175 Equipment replacement charges ----1,478,966 Miscellaneous 500,245 --500,245 203,356 Total operating revenues 34,016,826 2,961,117 943,889 37,921,832 6,047,497 OPERATING EXPENSES Personnel services 4,780,784 61,824 342,376 5,184,984 - Materials and supplies 1,234,711 5,476 27,236 1,267,423 60,143 Contractual services 6,999,265 2,717,717 765 9,717,747 137,860 Water purchases 12,567,118 --12,567,118 - Employee health insurance ----4,926,447 Other operating costs 2,013,410 561 16,233 2,030,204 - Depreciation and amortization 5,399,320 83,996 2,254,166 7,737,482 1,471,271 Total operating costs 32,994,608 2,869,574 2,640,776 38,504,958 6,595,721 Operating income (loss)1,022,218 91,543 (1,696,887)(583,126)(548,224) NON-OPERATING REVENUES (EXPENSES) Intergovernmental 8,888,286 --8,888,286 - Investment income 2,985,555 6,781 23,278 3,015,614 332,344 Interest expense (1,794,516)(60,411)(65,018)(1,919,945)- Developer payments (442,286)--(442,286)- Bond fees (349,186)-(105)(349,291)- Total non-operating revenues (expenses)9,287,853 (53,630)(41,845)9,192,378 332,344 Income (loss) before contributions and transfers 10,310,071 37,913 (1,738,732)8,609,252 (215,880) CONTRIBUTIONS AND TRANSFERS Capital contributions 17,416,627 -11,489,055 28,905,682 6,967,672 Capital contributions - impact fees 5,413,449 --5,413,449 - Transfers in 940,433 -16,883 957,316 1,065,275 Transfers out (2,202,465)-(688,991)(2,891,456)- Total contributions and transfers 21,568,044 -10,816,947 32,384,991 8,032,947 CHANGE IN NET POSITION 31,878,115 37,913 9,078,215 40,994,243 7,817,067 NET POSITION - BEGINNING 170,355,352 5,986 56,189,175 226,550,513 9,086,206 NET POSITION - END OF YEAR $202,233,467 $43,899 $65,267,390 $267,544,756 $16,903,273 The accompanying notes are an integral part of these financial statements. Page 167 Item 9. TOWN OF PROSPER, TEXAS STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2024 The accompanying notes are an integral part of these financial statements. 34 Enterprise Funds Water and Solid Stormwater Sewer Waste Drainage CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers and users $ 34,131,425 $ 2,921,578 $ 926,569 Cash payment to suppliers for goods and services (24,831,994)(2,709,624)(34,476) Cash payments for health expense - - - Cash payments to employees for services (4,762,885)(58,387)(324,631) Net cash provided by operating activities 4,536,546 153,567 567,462 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers to other funds (1,183,705) - (688,991) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Proceeds from issuance of bonds and notes payable 32,176,015 2,000,000 - Principal paid on bonds and notes payable (2,984,279)(77,089)(120,000) Acquisition and construction of capital assets (18,203,830)(1,933,413) - Interest paid on bonds and notes payable (1,883,564)(60,411)(99,461) Bond fees paid (349,186) - (105) Transfers from other funds 940,433 - - Cash received from other governments 12,324,235 - - Developer payments (442,286) - - Impact fees received 5,413,449 - - Net cash provided (used) by capital and related financing activities 26,990,987 (70,913)(219,566) CASH FLOWS FROM INVESTING ACTIVITIES Net investment sales and purchases 9,380,346 7,225 50,328 Interest on deposits and investments 2,817,903 6,924 24,276 Interfund notes receivable issued (2,000,000) - - Interest on interfund notes receivable 60,411 - - Principal payment received on interfund notes receivable 77,089 - - Net cash provided by investing activities 10,335,749 14,149 74,604 Net increase (decrease) in cash and cash equivalents 40,679,577 96,803 (266,491) Cash and cash equivalents at beginning of year 37,880,077 27,588 533,063 Cash and cash equivalents at end of year $ 78,559,654 $ 124,391 $ 266,572 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES Operating income (loss) $ 1,022,218 $ 91,543 $(1,696,887) Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation and amortization 5,399,320 83,996 2,254,166 Decrease (increase) in accounts receivable (276,749)(39,539)(17,320) Decrease (increase) in inventory (353,799) - - Decrease (increase) in prepaid items (2,372) - (85) Increase (decrease) in deferred outflows related to pensions 132,323 (7,506)(9,699) Increase (decrease) in accounts payable and accrued expenses (1,661,319) 14,130 9,843 Increase (decrease) in customer deposits 46,500 - - Increase (decrease) in net pension liability (101,387) 9,327 14,994 Increase (decrease) in deferred inflows 344,122 - (34) Increase (decrease) in compensated absences (12,311) 1,616 12,484 Net cash provided by operating activities $ 4,536,546 $ 153,567 $ 567,462 SCHEDULE OF NON-CASH CAPITAL ACTIVITIES Transfers out of capital assets $(1,018,760) $ - $ - Transfers in and contributions of capital assets 17,416,627 - 11,505,938 Page 168 Item 9. 35 Governmental Activities Total Internal Enterprise Service Funds $ 37,979,572 $ 6,032,204 (27,576,094)(48,526) - (5,141,463) (5,145,903) - 5,257,575 842,215 (1,872,696) - 34,176,015 - (3,181,368) - (20,137,243)(984,841) (2,043,436) - (349,291) - 940,433 - 12,324,235 - (442,286) - 5,413,449 - 26,700,508 (984,841) 9,437,899 1,290,427 2,849,103 357,918 (2,000,000) - 60,411 - 77,089 - 10,424,502 1,648,345 40,509,889 1,505,719 38,440,728 4,961,738 $ 78,950,617 $ 6,467,457 $(583,126) $(548,224) 7,737,482 1,471,271 (333,608)(15,293) (353,799) - (2,457) 11,617 115,118 - (1,637,346)(77,156) 46,500 - (77,066) - 344,088 - 1,789 - $ 5,257,575 $ 842,215 $(1,018,760) $ - 28,922,565 8,032,947 Page 169 Item 9. 36 TOWN OF PROSPER, TEXAS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2024 I.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the Town of Prosper, Texas (Town) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the Town’s accounting policies are described below. A.Reporting Entity The Town is a municipal corporation governed by an elected seven-member council. As required by accounting principles generally accepted in the United States of America, these financial statements present the Town and its component unit entity for which the Town is considered to be financially accountable. Discretely Presented Component Unit The Prosper Economic Development Corporation (PEDC) serves all citizens of the Town and is governed by a board appointed by the Town’s elected council. The Town and the PEDC board work in tandem in determining desirable and eligible economic development projects; however, since the PEDC board members serve at the pleasure of the Town Council, the Town Council is ultimately responsible for economic development projects undertaken by the Town. The scope of public service of the PEDC benefits the Town and its citizens and is operated primarily within the geographic boundaries of the Town. The PEDC is presented as a discretely presented component unit because the governing body is not identical to the governing body of the Town, the PEDC does not solely serve the Town, and the Town has the ability to impose its will on the PEDC. Complete financial statements for the PEDC may be obtained at the entity’s administration office, Prosper Economic Development Corporation, P.O. Box 1060, Prosper, Texas 75078. Blended Component Units Originally approved by the voters in 2018, the Crime Control and Fire Prevention Special Purpose Districts each have a sales and use tax rate of 0.25%. The purpose for creation of the special purpose districts was to finance public safety expenses in the districts, under the authority of Chapter 363 of the Texas Local Government Code. For reporting purposes, the special purpose districts are blended component units of the Town. The governing board of the blended component unit is substantively the same as the Town’s governing body. The Council approves recommendations from the Board regarding administration, management and operation of the districts, and Town’s management has operational responsibility for the entities. The special purpose districts are reported as governmental funds and separate financial reports are available from the Town’s finance department. B.Government-wide and Fund Financial Statements The government-wide financial statements (i.e. the statement of net position and the statement of activities) report information on activities of the primary government and its component units. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to significant extent on user fees and charges for financing its operations. Likewise, the primary government is reported separately from a certain legally separate component unit for which the primary government is financially accountable. The Town has no fiduciary activities that require use of fiduciary fund reporting. Page 170 Item 9. 37 The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are general and administrative fees, street rental fees and other charges between the Town’s water and sewer function and various other functions of the Town. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C.Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the Town considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. Property taxes, sales taxes, franchise fees, charges for services, interest income, intergovernmental revenues and municipal court fines and fees associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered measurable and available only when cash is received by the Town. The Town reports the following major governmental funds: The General Fund is the Town’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Impact Fees Fund, a special revenue fund, accounts for revenues that are legally restricted for particular purposes. This fund is used to account for activity related to impact fees. The Debt Service Fund accounts for the resources accumulated and payments made for principal and interest on long-term obligation debt of governmental funds. The Capital Projects Fund accounts for the acquisition of capital assets or construction of major capital projects not being financed by proprietary funds. The Escrow Fund, a special revenue fund,accounts for escrow deposits received from developers. The ARPA Fund, a special revenue fund, accounts for grant funds awarded and expenditures related to the American Rescue Plan Act (ARPA) was passed by Congress and signed into law on March 11, 2021. Page 171 Item 9. 38 Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the proprietary funds are charges to customers for sales and services. The proprietary funds also recognize as operating revenue the portion of tap fees intended to recover the cost of connecting new customers to the system. Operating expenses for proprietary funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. The Town reports the following major proprietary funds: The Water and Sewer Fund, an enterprise fund, is used to account for those operations that are financed and operated in a manner similar to private business or where the council has decided that the determination of revenues earned, costs incurred and/or net income is necessary for management accountability. The Town’s water and sewer fund is used to account for water, sewer and sanitation operations. The Solid Waste Fund, an enterprise fund, is used to account for the Town’s solid waste utility operations. The Stormwater Drainage Fund, an enterprise fund, is used to account for the Town’s stormwater drainage utility operations. The Town reports two internal service funds: The Internal Service Funds are used to accumulate and allocate costs internally among the Town’s various functions. The Town uses its Internal Service Funds to account for its vehicle and equipment replacement program and employee medical program as well as to facilitate distribution of support costs to the users of support services on a cost-reimbursement basis. Because these services predominately benefit the governmental rather than the business-type functions, they have been consolidated into governmental activities in the government-wide financial statements. D.Deposits and Investments For purposes of the statement of cash flows, cash and cash equivalents include cash on hand, demand deposits, and short-term investments with a maturity date within three months of the date acquired by the Town. E.Short-Term and Long-Term Interfund Receivables/Payables During the course of operations, numerous transactions occur between individual funds for goods provided or services rendered. These receivables and payables are classified as “due from other funds” or “due to other funds” on the balance sheet. Short-term interfund loans are classified as “interfund receivables/payables.” Long-term interfund loans are classified as "interfund notes receivables/payables." F.Inventories and Prepaid Items All inventories are valued at cost using the first-in/first-out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased. G.Restricted Assets Certain resources set aside for the repayment of bonds are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. Also included in restricted assets are capital recovery fees (impact fees) that are, by law, restricted for future capital improvements; and assets set aside for construction of future debt funded capital improvements. When the Town incurs an expense for which it may use either restricted or unrestricted assets, it uses the restricted assets first. Page 172 Item 9. 39 H.Deferred Outflows/Inflows of Resources In addition to assets and liabilities, the statement of net position or governmental balance sheet will sometimes report a separate section for deferred outflows of resources immediately following assets and deferred inflows immediately following liabilities. Deferred outflows of resources represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. Deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The Town has the following items that qualify for reporting in these categories: Deferred charges or gain on refunding – A deferred charge or gain on refunding results from the difference in the carrying value of refunded debt and carrying value of the new debt. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. Pension contributions after measurement date – These contributions are deferred and recognized in the following fiscal year. This item is always a deferred outflow. Difference in expected and actual economic experience for the Town’s pension – This difference is deferred and recognized over the estimated average remaining lives of all members determined as of the measurement date. This item can be either a deferred outflow (actuarial loss) or deferred inflow (actuarial gain). Changes in actuarial assumptions – These changes are deferred and recognized over the estimated average remaining lives of all members determined as of the measurement date. This item can be either a deferred outflow (actuarial loss) or deferred inflow (actuarial gain). Unavailable revenue is reported only in the governmental funds balance sheet due to use of the current financial resource measurement focus. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. Difference in projected and actual earnings on pension assets – This difference is netted with previous years’ unamortized gains and losses to produce a net deferred outflow or inflow and amortized over a closed five-year period. Deferred inflows related to leases in which the Town is a lessor represent the amount of unrecognized lease revenue. This amount will be recognized in a systematic and rational manner over the lease term. I.Capital Assets Capital assets are tangible and intangible, which include property, plant, equipment, infrastructure assets (e.g., roads, bridges, sidewalks, and similar items) and right to use assets, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements, as well as in the proprietary fund statement of net position. Capital assets are defined by the Town as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value, which is the price that would be paid to acquire an asset with equivalent service potential at the acquisition date. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Property, plant, and equipment of the primary government are depreciated/amortized using the straight-line method over the following estimated useful lives: Asset Type Number of Years Buildings 20 - 30 System infrastructure 15 - 45 Street infrastructure 25 - 30 Page 173 Item 9. 40 Equipment 5 - 10 Vehicles 4 - 7 Right to use assets 2 - 7 Right to use SBITA 2 - 6 J.Intangible Assets Intangible assets are reported in the business-type activities column in the government-wide financial statements as well as in the proprietary fund statement of net position. Intangible assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years are recorded at historical cost or estimate historical cost if purchased or constructed. Once placed into service, the intangible asset is amortized over its estimated useful life. K.Leases and Subscription-Based Information Technology Arrangements The Town is has agreements noncancellable leases of equipment, vehicles and subscription-based informtion technology arrangements (SBITAs). The Town recognizes related liabilities and an intangible right-to-use assets in the government-wide financial statements. The Town recognizes liabilities with an initial, individual value of $5,000 or more. At the commencement of a lease or SBITA, the Town initially measures the liability at the present value of payments expected to be made during the term. Subsequently, the liability is reduced by the principal portion of payments made. The asset is initially measured as the initial amount of the liability, adjusted for payments made at or before the commencement date, plus certain initial direct costs. Subsequently, the asset is amortized on a straight-line basis over its useful life. Key estimates and judgments related to leases and SBITAs include how the Town determines (1) the discount rate it uses to discount the expected payments to present value, (2) term and (3) payments. The Town uses the interest rate charged by the vendor as the discount rate. When the interest rate charged is not provided, the Town generally uses its estimated incremental borrowing rate as the discount rate. The agreement term includes the noncancellable period of the lease or SBITA. The agreed upon payments included in the measurement of the liability are composed of fixed payments and purchase option price that the Town is reasonably certain to exercise. The Town monitors changes in circumstances that would require a remeasurement of its leases or SBITA and will remeasure the asset and liability if certain changes occur that are expected to significantly affect the amount of the liability. Lease and SBITA assets are reported with other capital assets and liabilities are reported with long-term debt on the statement of net position. The Town is a lessor for noncancellable leases and recognizes a lease receivable and a deferred inflow of resources in the government-wide and governmental fund financial statements. At the commencement of a lease, the Town initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term. Key estimates and judgments include how the Town determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts. The Town uses its estimated incremental borrowing rate as the discount rate for leases. The lease term includes the noncancellable period of the lease. Lease receipts included in the measurement of the lease receivable is composed of fixed payments from the lessee. Page 174 Item 9. 41 The Town monitors changes in circumstances that would require a remeasurement of its leases and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable. L.Compensated Absences It is the Town’s policy to permit employees to accumulate earned but unused vacation and sick pay benefits. All vacation and sick pay is accrued when incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. M.Pension For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the Fiduciary Net Position of the Texas Municipal Retirement System (TMRS) and additions to/deductions from TMRS’s Fiduciary Net Position have been determined on the same basis as they are reported by TMRS. For this purpose, plan contributions are recognized in the period that compensation is reported for the employee, which is when contributions are legally due. Benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. N.Health Claims Liability The Health Insurance internal service fund includes an estimate of liabilities for self-insured claims incurred but not reported and are expected to be paid within one year. The liability is estimated and included in accounts payable and accrued expenses in the statement of net position. O.Long-Term Obligations In the government-wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed as incurred. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued during the period is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. P.Net Position and Fund Balance In the government-wide and proprietary fund financial statements, the Town reports restrictions of net position for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Net investment in capital assets represents the Town’s investment in the book value of capital assets, less any unspent proceeds from capital-related debt issuances. Unrestricted net position consists of net position that does not meet the definition of restricted or net investment in capital assets. In the fund financial statements, governmental funds report fund balance categorized as follows: Nonspendable fund balance includes amounts that are either (a) not in a spendable form or (b) legally or contractually required to be maintained intact. Restricted fund balance includes amounts for which constraints have been placed on the use of the resources either (a) externally imposed by creditors (such as through a debt covenant), grantors, contributors or laws or regulations of other governments or (b) imposed by law through constitutional provisions or enabling legislation. Page 175 Item 9. 42 Committed fund balance includes amounts that can be used only for the specific purposes determined and approved by passage of a formal resolution of the Town’s highest level of decision-making authority, the Town Council. Commitments may be changed or lifted only by the Town taking the same formal action that imposed the constraint originally. In accordance with the Town Charter, an amount equal to 20% of total general fund expenditures has been identified as committed for a contingency reserve. Assigned fund balance includes amounts intended to be used by the Town for specific purposes. In governmental funds other than the general fund, assigned fund balance represents the amount that is not restricted or committed. In the General Fund, assigned fund balance is either designated by the Town Manager or represents a fund balance drawdown adopted for he upcoming year's budget. Unassigned fund balance is the residual classification of the general fund and includes all amounts not contained in the other classifications. The general fund is the only fund that reports a positive unassigned fund balance amount. Net Position Flow Assumption Sometimes the Town will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the Town’s policy to consider restricted net position to have been depleted before unrestricted net position is applied. Fund Balance Flow Assumption Sometimes the Town will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned and unassigned fund balance in the governmental fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the Town’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last. Q.Revenues and Expenditures/Expenses Program Revenues Amounts reported as program revenues include 1) charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. All taxes, including those dedicated for specific purposes, and other internally dedicated resources are reported as general revenues rather than program revenues. Property Taxes Property taxes are levied by October 1, due upon receipt of the tax bill and are delinquent if not paid before February 1 of the year following the year in which imposed. On January 1 of each year, a tax lien attaches to property to secure the payment of all taxes, penalties and interest ultimately imposed. The combined tax rate to finance general governmental services and interest and sinking fund requirements for the year ended September 30, 2024 was $0.51 per $100 of valuation. Property taxes are based on the appraised values provided by the Collin County or Denton County Central Appraisal Districts, whichever is applicable. Penalty on unpaid taxes accrues after February 1 up to the date collected by the Town at the rate of 6% for the first month and increased 1% per month up to a total of 12%. Interest is calculated after February 1 at the rate of 1% per month up to the date collected by the Town. Under state law, property taxes levied on real property constitute a lien on the real property which cannot be forgiven without specific approval of the Page 176 Item 9. 43 State Legislature. The lien expires at the end of twenty years. Taxes levied on personal property can be deemed uncollectible by the Town. The Town’s current policy is to write-off uncollectible personal property taxes after four years. Under state law, property tax levies are divided into a debt service (DS) levy and a maintenance and operations (M&O) levy. Each category of levy has its own unique restrictions and requirements under state law. M&O tax revenue excluding the impact of new construction may only grow 3.5% per year unless approved by the voters. Total tax levy may not exceed $2.50 per hundred dollars of valuation. Sales Tax Sales and use tax is authorized under state law with 6.25% reserved for the state and up the 2% available for local government. Currently three Prosper entities collect sales tax. The town collects 1.5% which includes the 1% municipal levy and 0.5% 4B economic development levy provided to PEDC. In addition, two Special Purpose Districts (SPD) Prosper Crime Control and Prosper Fire Prevention and EMS District each have a 0.25% levy for a total local levy of 2%. The two SPD’s were approved by the voters in 2023 for an additional 20 years (until 2043). The State of Texas utilizes origin-based servicing for municipal sales tax. Under this approach sales and use tax is sourced to the taxing jurisdiction in which the selling business is located regardless of where in the state the purchaser resides or the product is shipped. Origin-based sourcing can produce large individual sales and use tax remitters in specific jurisdictions. Proprietary Funds Operating and Non-operating Revenues and Expenses Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with the proprietary fund’s principal ongoing operations. The principal operating revenues of the enterprise funds are charges to customers for sales and services. Operating expenses for the enterprise funds and internal service fund include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues not meeting this definition are reported as non-operating revenues and expenses. R.Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates included in the financial statements are depreciation expense which is based on the estimated useful lives of the underlying depreciable assets, allowances for doubtful accounts receivables and net pension liability and pension expense which are based on various actuarial assumptions. S.Recent Accounting Pronouncements The Town has reviewed GASB pronouncements which become effective in future years and notes the following statements are applicable to the Town. Statement No. 99, Omnibus 2022 – The objective of this Statement was to correct practice issues identified during implementation and application of certain GASB Statements and financial reporting for financial guarantees. This Statement was implemented in fiscal year 2024 and had no effect on the Town's financial statements. Statement No. 100, Accounting Changes and Error Corrections-an amendment of GASB No. 62 - The objective of this Statement was to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. This Statement was implemented in fiscal year 2024 and had no effect on the Town's financial statements. Statement No. 101, Compensated Absences - The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and Page 177 Item 9. 44 measurement guidance under a unified model and by amending certain previously required disclosures. This Statement will become effective for reporting periods beginning after December 15, 2023, and the impact has not yet been determined. Statement No. 102, Certain Risk Disclosures – While governments currently disclose certain financial risks, other risks are not required to be disclosed per current standards. The objective of this statement is to provide clear guidance for disclosure of risks related to concentrations and constraints. The standard is effective for fiscal years beginning after June 15, 2024. GASB Statement No. 103, Financial Reporting Model Improvements, will improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government's accountability. The Statement also addresses certain application issues. The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter. The Town is currently evaluating the impact of this Statement. GASB Statement No. 104, Disclosure of Certain Capital Assets, will provide users of governmental financial statements with essential information about certain types of capital assets to be disclosed separately in the capital assets note disclosures, such as lease and subscription assets. The Statement also requires for additional disclosures for capital assets held for sale. The requirements of this statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter. The Town is currently evaluating the impact of this Statement. II.STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY Budgetary Control The Town's fiscal year is from October 1st to September 30th. Beginning October 1st, the approved budgets are appropriated to the various funds and departments. Amendments may be made to the budget during the fiscal year in accordance with Town Charter provisions. These amendments shall be by ordinance and shall become an attachment to the original budget. The Town budgets for revenues and expenditures on a yearly basis. The final adoption of the Annual Budget takes place in September and the new fiscal year begins October 1. Final adoption of the budget by the Town Council constitutes the official appropriations as proposed by expenditures for the current year and constitute the basis of official levy of the property tax as the amount of tax to be assessed and collected for the corresponding tax year. The Town Manager submits the proposed budget to Town Council, and it is made public for review. The proposed operating budget includes proposed expenditures and the means of financing them. This culminates into Town Council public hearings in August or September. At this time, the Town Council may further revise the proposed budget as it deems necessary. The final adoption of the Annual Budget takes place in September when the budget is legally enacted through the passage of an ordinance. The budgetary and accounting policies contained in the budget document conform to GAAP for governmental funds as established by the GASB, except for the effect of encumbrances and unrealized investment gains and losses, which are adjusted to the actual results for this comparison. The accounts of the Town are organized on the basis of funds and account groups, each of which is considered a separate budgetary and accounting entity. Budgetary control is maintained at the fund level with the Town Manager given the authority to transfer appropriations between departments provided that total appropriations for the fund are not exceeded. Page 178 Item 9. 45 Budgets are legally adopted for Governmental funds (General Fund, Impact Fee Fund, Debt Service Fund, Court Technology Fund, Court Security Fund, Parks Dedication Fund, Parks Improvement Fund, Crime Control Special Purpose District Fund, Fire Prevention and EMS Special Purpose District Fund, TIRZ 1 Fund, TIRZ 2 Fund, Municipal Jury Fund and Contributions Fund) and Proprietary Funds (Water and Sewer Fund, Solid Waste Fund, Stormwater Drainage Fund and Internal Service Funds). Budgetary comparison statements are presented for the General Fund and for each major special revenue fund as part of the basic financial statements. The Capital Projects Fund is budgeted over the life of the respective project and not on an annual basis. Escrow and ARPA Funds do not have legally adopted budgets. Accordingly, formal budgetary integration of these funds is not employed and comparison of actual results of operations to budgetary data for such funds is not presented. III.DEPOSITS AND INVESTMENTS Deposits State statutes require that all deposits in financial institutions be fully guaranteed or insured by the Federal Deposit Insurance Corporation or its successor or the National Credit Union Share Insurance Fund or its successor; or secured by obligations governmental entities as authorized in the Public Funds Collateral Act. All deposits of the Town that exceeded the federal depository insurance coverage level of $250,000 were covered by pledged marketable securities held by an independent custodian or letters of credit issued by a Federal Agency or Instrumentality. The fair value of the security collateral and redemption value of letters of Credit held at September 30, 2024 exceeded the value of all deposits. At September 30, 2024, the carrying amount of the Town’s deposits was $31,712,076, which includes PEDC deposits of $86,680. Bank balances totaled $31,598,934. Cash on hand totaled $5,870. The Town also has investments in government pools at September 30, 2024, totaling $190,470,404, including PEDC's share of $15,025,911, which are recorded at amortized cost. Investments The Town is authorized to invest in the following: Obligations of the US Government, its agencies and instrumentalities, excluding mortgage-backed securities, with a stated maximum maturity of three years; general debt obligations of any US state or political subdivision rated A+ or better with a stated maximum maturity of three years; fully insured or collateralized certificates of deposit from banks in Texas with a maximum maturity of three years, insured by the Federal Deposit Insurance Corporation (FDIC), or its successor, or collateralized in accordance with the Town’s investment policy to include spread products within these banks; share certificates from credit unions in Texas insured by the National Credit Union Share Insurance Fund with a maximum stated maturity of two years; fully insured or collateralized demand deposits in any bank in Texas insured by the FDIC or its successor or collateralized in accordance with the Town’s investment policy to include spread products within these banks; FDIC insured brokered certificate of deposit securities from a bank in any US state, delivered versus payment to the Town’s safekeeping/custody account and not to exceed one year to stated final maturity; AAA-rated, SEC registered, money market mutual funds striving to maintain a $1 net asset value (NAV); AAA-rated Texas local government investment pools which strive to maintain a $1 net asset value (NAV) operated in accordance with the public funds investment act and authorized by resolution of the Town Council; A1/P1 commercial paper with a maximum stated maturity of 270 days; fully collateralized repurchase agreements as defined by the public funds investment act with a defined termination date, executed with a primary dealer under an industry standard master repurchase agreement, and collateralized in accordance with the Town’s investment policy. For additional information see the Town of Prosper’s Investment Policy at www.prospertx.gov. Page 179 Item 9. 46 The Town's investments carried at fair value as of September 30, 2024, were: Weighted Carrying Average Maturity Value (days) Investment type: U.S. Agency (FHLB) $ 12,993,870 251 Total $ 12,993,870 Portfolio weighted average to maturity 251 Under the Texas Local Government Investment Pool (“TexPool”) Participation Agreement, administrative and investment services to TexPool are provided by Federated Investors, Inc. through an agreement with the State of Texas Comptroller of Public Accounts. The State Comptroller is the sole officer, director and shareholder of the Texas Treasury Safekeeping Trust Company authorized to operate TexPool. TexPool invests in treasury and agency securities and repurchase agreements fully collateralized by government securities. The pool seeks to maintain a constant dollar objective. The reported value of the pool is the same as the fair value of the pool shares. TexPool is subject to annual review by an independent auditor consistent with the Public Funds Investment Act. In addition, TexPool is subject to review by the State Auditor’s Office and by the Internal Auditor of the Comptroller’s Office. Due to its short-term, highly liquid nature, TexPool investments have been reported as cash equivalents. TexPool is rated AAAm by Standard and Poor’s and carries a weighted average maturity of 31 days. The Texas Short-Term Asset Reserve Investment Pool (“TexSTAR”) is a local government investment pool organized under the authority of the Interlocal Cooperation Act, chapter 791, of the Texas Government Code, and the Public Funds Investment Act, chapter 2256, of the Texas Government Code. J.P. Morgan Investment Management Inc. serves as investment advisor and co-administrator with Hilltop Securities. TexSTAR invests in treasury and agency securities and repurchase agreements fully collateralized by government securities. The pool seeks to maintain a constant dollar objective. The reported value of the pool is the same as the fair value of the pool shares. Due to its short-term, highly liquid nature, investments in TexSTAR have been reported as cash equivalents. TexStar is rated AAAm by Standard and Poor’s and carries a weighted average maturity of 24 days. TexStar and TexPool have a redemption notice period of one day and may redeem daily. The investment pool’s authority may only impose restrictions on redemptions in the event of a general suspension of trading on major securities markets, general banking moratorium or national state of emergency that affects the pool’s liquidity. Custodial Credit Risk – Deposits: In the case of deposits, this is the risk that, in the event of a bank failure, the Town’s deposits may not be returned to the Town. The Town’s policy regarding types of deposits allowed and collateral requirements is: the Depository may be a state bank authorized and regulated under Texas law; a national bank, savings and loan association, or savings bank authorized and regulated by federal law; or a savings and loan association or savings bank organized under Texas law; but shall not be any bank the deposits of which are not insured by the FDIC and pledged marketable securities or letters of credit. The Town is not exposed to custodial credit risk for its deposits, as all are covered by depository insurance and pledged marketable securities or letters of credit. In compliance with the Public Funds Investment Act and Public Funds Collateral Act, the Town has adopted a deposit and investment policy. That policy addresses the following risks: Custodial Credit Risk – Investments: For an investment, this is the risk that, in the event of the failure of the counterparty, the Town will not be able to recover the value of its investments or deposits. The Town utilizes an independent, third-party custodian to hold all pledged marketable securities and an independent, third-party safekeeping agent to settle and hold all investment securities. The Town’s investments are in US Government bonds. Credit Risk – This is the risk that an issuer of an investment will be unable to fulfill its obligations. The rating of securities by nationally recognized rating agencies is designed to give an indication of credit risk. The Town’s investment policy establishes credit rating minimums for various investment-types. The credit quality rating for both TexPool and TexSTAR at year end was AAAm by Standard & Poor’s. Page 180 Item 9. 47 The Town’s US Government bonds each had a long-term rating of Aaa by Moody's and AA+ by S&P. Interest Rate Risk – This is the risk that changes in interest rates will adversely affect the fair value of an investment. In accordance with its investment policy, the Town manages its exposure to declines in fair values by limiting the weighted average maturity of its investment portfolio; structuring the investment portfolio so that investments matured to meet cash requirements for ongoing operations, thereby avoiding the need to liquidate investments prior to maturity; monitoring credit ratings of portfolio positions to assure compliance with rating requirements; and investing operating funds primarily in short-term deposits, securities, money market mutual funds or local government investment pools. The maximum of any investment shall be three years and the maximum weighted average maturity of the overall portfolio may not exceed two years. Foreign Currency Risk – This is the risk that exchange rates will adversely affect the fair value of an investment. The Town is not exposed to foreign currency risk. Concentration of Credit Risk – This is the risk of a loss attributed to the magnitude of a government's investment in a single issuer (i.e., lack of diversification). As of September 30, 2024, the Town minimized concentration of credit risk by: staggering maturities and potential call dates; investing in securities with active secondary markets; and investing in eligible financial institution deposit accounts, money market mutual funds and local government investment pools. The Town’s investments and their percentage of net portfolio assets are stated below. Investment Type Carrying Value % of Total Portfolio Investment Pool - TexSTAR $ 90,569,229 44.51% Investment Pool - TexPool 99,901,175 49.10% U.S. Agency (FHLB) 12,993,870 6.39% Total $ 203,464,274 100.00% IV.FAIR VALUE MEASUREMENTS The Town categorizes its fair value measurements within the fair value hierarchy established by GAAP. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant observable inputs other than quoted market prices for similar assets; Level 3 inputs are significant unobservable inputs. The Town has the following recurring fair value measurements as of September 30, 2024: Fair Value Measurements Using Fair value Level 1 Level 2 Investments by fair value level Federal Home Loan Bank $ 12,993,870 $ - $ 12,993,870 Page 181 Item 9. 48 V.RECEIVABLES The Town’s taxes receivables as of September 30, 2024 consisted of the following: Governmental Activities Debt Nonmajor General Service Governmental Fund Fund Funds Total Property taxes $ 226,460 $ 111,134 $ - $ 337,594 Sales tax 1,910,526 - 1,369,083 3,279,609 Gross receivables 2,136,986 111,134 1,369,083 3,617,203 Less: allowance for uncollectible (4,529)(2,223) - (6,752) Net receivables $ 2,132,457 $ 108,911 $ 1,369,083 $ 3,610,451 The Town’s accounts receivable as of September 30, 2024 consisted of the following: Governmental Funds Proprietary Funds Nonmajor Stormwater Internal General Governmental Water and Solid Drainage Service Fund Funds Sewer Fund Waste Fund Funds Total Ambulance $ 1,130,121 $ - $ - $ - $ - $ - $ 1,130,121 Franchise fees 521,692 - - - - - 521,692 Intergovernmental 49,310 - 552,255 - - - 601,565 Municipal court 48,476 - - - - - 48,476 Utility bills - - 5,794,859 230,521 155,651 - 6,181,031 Other receivables 290,083 12,538 570,533 - - 50,457 923,611 Gross receivables 2,039,682 12,538 6,917,647 230,521 155,651 50,457 9,406,496 Less: allowance for uncollectible (683,510) - (530,020) - - - (1,213,530) Net receivables $ 1,356,172 $ 12,538 $ 6,387,627 $ 230,521 $ 155,651 $ 50,457 $ 8,192,966 VI.CAPITAL ASSETS Capital asset activity for the year ended September 30, 2024 was as follows: Beginning Ending Balance Additions Retirements Transfers Balance Governmental activities: Capital assets not being depreciated/amortized: Land $ 84,464,478 $ 28,849,374 $ - $ - $ 113,313,852 Construction in progress 45,580,317 54,066,235 - (13,774,708) 85,871,844 Total capital assets not being depreciated/amortized 130,044,795 82,915,609 - (13,774,708) 199,185,696 Capital assets being depreciated/amortized: Buildings and improvements 89,915,325 430,019 - - 90,345,344 Equipment 21,794,677 2,522,394 (24,664)(690,406) 23,602,001 Infrastructure 264,345,397 17,834,639 - 16,028,847 298,208,883 Right to use assets: Vehicles and Equipment 4,217,086 568,948 - 319,529 5,105,563 Right to use assets: SBITA 1,373,301 250,766 (323,024) - 1,301,043 Total assets being depreciated/amortized 381,645,786 21,606,766 (347,688) 15,657,970 418,562,834 Less accumulated depreciation/amortization for: Buildings and improvements (16,265,627)(2,721,439) - - (18,987,066) Equipment (8,399,806)(1,538,641) 24,664 (800,301)(10,714,084) Infrastructure (56,024,957)(9,375,691) - (65,400,648) Right to use assets: Vehicles and Equipment (1,752,239)(745,030) - (81,084)(2,578,353) Right to use assets: SBITA (233,417)(520,544) 120,844 - (633,117) Total accumulated depreciation/amortization (82,676,046)(14,901,345) 145,508 (881,385)(98,313,268) Total capital assets being depreciated/amortized, net 298,969,740 6,705,421 (202,180) 14,776,585 320,249,566 Governmental activities capital assets, net $ 429,014,535 $ 89,621,030 $(202,180) $ 1,001,877 $ 519,435,262 Page 182 Item 9. 49 Beginning Ending Balance Additions Retirements Transfers Balance Business-type activities: Capital assets, not being depreciated/amortized: Land $ 1,918,521 $ 682,845 $ - $ - $ 2,601,366 Construction in progress 11,517,123 17,033,055 - (1,410,849) 27,139,329 Total capital assets, not being depreciated/amortized 13,435,644 17,715,900 - (1,410,849) 29,740,695 Capital assets being depreciated/amortized: Buildings and systems 325,418 - - - 325,418 Vehicles and equipment 2,532,600 2,044,391 - (1,563,733) 3,013,258 Infrastructure 227,540,668 28,905,682 - 1,410,849 257,857,199 Right to use assets - vehicles and equipment 319,529 - - (319,529) - Intangible Asset 15,744,809 - - - 15,744,809 Total assets being 246,463,024 30,950,073 - (472,413) 276,940,684 depreciated/amortized Less accumulated depreciation/amortization for: Buildings and systems (246,747)(24,241) - - (270,988) Vehicles and equipment (1,521,420)(153,279) - 800,391 (874,308) Infrastructure (38,015,625)(7,244,998) - - (45,260,623) Right to use assets - vehicles and equipment (80,994) - - 80,994 - Intangible Asset (2,201,362)(314,964) - - (2,516,326) Total accumulated depreciation/amortization (42,066,148)(7,737,482) - 881,385 (48,922,245) Total capital assets being depreciated/amortized, net 204,396,876 23,212,591 - 408,972 228,018,439 Business-type activities capital assets, net $ 217,832,520 $ 40,928,491 $ - $(1,001,877) $ 257,759,134 Beginning Ending Balance Additions Retirements Transfers Balance Component Unit: Capital assets not being depreciated: Land $ 4,200,978 $ 4,017,890 $ - $ - $ 8,218,868 Total capital assets not being depreciated $ 4,200,978 $ 4,017,890 $ - $ - $ 8,218,868 Depreciation/amortization expense for the year ended September 30, 2024 was charged to functions/programs of the primary government as follows: Governmental activities: Administration $ 1,107,211 Police 1,112,753 Fire 1,391,748 Development Services 38,473 Public Works 9,522,988 Community Services 1,706,407 Engineering 21,765 Total $ 14,901,345 Business-type activities: Water and sewer $ 5,399,320 Solid Waste 83,996 Stormwater drainage utility 2,254,166 Total $ 7,737,482 As of September 30, 2024, the Town’s only intangible asset was related to wastewater treatment capacity rights acquired from the Upper Trinity Regional Water District (UTRWD). Although the capacity rights were initially acquired in March 2014, the related plant facility was placed into service as of September 30, 2017, and in the current year amortization of $314,964 has been recognized in these financial statements. In fiscal year 2024, the Town entered into an amended agreement with UTRWD for increased capacity as part of their plant expansion. As of September 30, 2024, $6,102,367 had been expended towards this project which is recorded as a construction in progress asset. Page 183 Item 9. 50 VII.INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS The outstanding balances between funds result mainly from the time lag between the dates that (1) reimbursable expenditures occur, (2) transactions are recorded in the accounting system, and (3) payments between funds are made. Interfund balances at September 30, 2024 were as follows: Payable Fund Receivable Fund Amount Purpose General fund Capital projects $ 31,451 Short-term loans On April 30, 2024, the Water and Sewer Fund loaned $2,000,000 to the Solid Waste Fund for the purchase of 95-gallon trash containers. This interfund note bears interest at 5.25% and will be repaid through monthly payments over a period of ten years. Interfund notes balances at September 30, 2024 were as follows: Payable Fund Receivable Fund Amount Purpose Solid Waste Water and Sewer $ 1,922,911 Long-term loan Interfund transfers made during the fiscal year were as follows: Transfer From Transfer To Amount Purpose Contributions Capital Projects $ 200,000 Capital outlay Parks Dedication Capital Projects 1,363,800 Capital outlay Parks Improvement Capital Projects 1,487,255 Capital outlay Impact Fees Capital Projects 300,000 Capital outlay Escrow Impact Fees 167,514 Capital outlay Storm Drainage Water and Sewer 225,000 Capital outlay ARPA Water and Sewer 364,837 Capital outlay Water and Sewer Storm Drainage 16,883 Capital outlay Capital Projects Vehicle & Equipment Replacement 63,398 Capital outlay Water and Sewer Vehicle & Equipment Replacement 1,001,877 Capital outlay Storm Drainage Water and Sewer 350,596 Capital outlay Water and Sewer General Fund 1,183,705 Administrative Storm Drainage General Fund 113,395 Administrative Total $ 6,838,260 VIII.LONG-TERM LIABILITIES The Town issues general obligation bonds, certificates of obligations, and revenue bonds to provide funds for the acquisition and construction of major capital facilities and equipment. General obligation bonds and certificates of obligation have been issued for both governmental and business-type activities. Revenue bonds have been issued for business-type activities. The certificates of obligation will be repaid by the debt service fund in combination with system revenues. The revenue bonds will be repaid by system revenues. The Town issued General Obligation Refunding and Improvement Bonds, Series 2024 in the amount of $33,925,000 for purposes of constructing and improving public safety facilities, parks and recreational facilities, as well as streets, road, and other related infrastructure in the Town. Waterworks and Sewer System Revenue Bonds, Series 2024 were issued in the amount of $29,670,000 for constructing and improving the Town's waterworks and sewer system. Each bond issuance has coupon interest rates between 4% to 5% and will mature over the next 20 years. Page 184 Item 9. 51 The following is a summary of long-term liabilities for the year ended September 30, 2024: Beginning Refunded/Ending Amount Due Balance Issued Retired Balance Within One Year Governmental activities: Compensated absences $ 2,814,824 $ 2,534,752 $(1,975,464) $ 3,374,112 $ 843,528 Net pension liability 7,240,492 3,119,233 (3,970,482) 6,389,243 - Bonds 178,910,617 33,925,000 (8,885,720) 203,949,897 10,190,966 Bond premium on issuance 12,018,353 2,832,242 (2,592,060) 12,258,535 - Leases payable 324,113 568,947 (184,098) 708,962 170,820 SBITA payable 823,508 248,367 (658,101) 413,774 323,346 Total governmental 202,131,907 43,228,541 (18,265,925) 227,094,523 11,528,660 Business-type activities: Compensated absences 297,098 199,191 (197,402) 298,887 74,722 Net pension liability 905,575 486,757 (563,823) 828,509 - Bonds 47,494,382 29,670,000 (3,104,278) 74,060,104 3,784,035 Bonds premium on issuance 2,179,207 2,506,015 (466,530) 4,218,692 - Total business-type activities 50,876,262 32,861,963 (4,332,033) 79,406,192 3,858,757 Total primary government $ 253,008,169 $ 76,090,504 $(22,597,958) $ 306,500,715 $ 15,387,417 The compensated absences liabilities in the governmental activities are liquidated by the General fund. Net pension liability for governmental-type funds are recorded at the government-wide statement level and are primarily liquidated in the General Fund. Liabilities for the proprietary type activities are recorded and liquidated in the fund that incurs the liability. Waterworks and Sewer System Revenue Bonds are to be repaid by the revenue of the water and sewer system. As of September 30, 2024, the Town had a reserve requirement of $577,675 related to Waterworks and Sewer System Revenue Bonds. Certificates of Obligation are intended to be repaid by the revenue of the combined utility system and any special funds established by the debt ordinances. The ordinances provide that the revenue of the system is to be used, first, to pay operating and maintenance expenses of the system and, second, to establish required funds. The Town’s general obligation bonds and certificates of obligation contain a provision that in an event of default, creditors may seek a writ of mandamus to compel Town officials to carry out their legally imposed duties with respect to debt. As outstanding debt does not become immediately due, the remedy of mandamus may have to be relied upon from year to year. Page 185 Item 9. 52 Bonds and certificates of obligation at September 30, 2024 are comprised of the following issues to be repaid from the Debt Service Fund, the Water and Sewer Fund, and the Stormwater Drainage Fund. All outstanding general obligation debt of the Town at September 30, 2024 is secured by an ad valorem tax pledge. Governmental Business-Type Activities Activities Total 2014 General Obligation Improvement Bonds issued February 15, 2014, maturing February 15, 2034. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0%. $ 600,000 $ - $ 600,000 2014 Certificates of Obligation issued February 15, 2014, maturing February 15, 2034. Interest payable February 15 and August 15 at rates ranging from 2.0% to 4%. - 7,495,000 7,495,000 2015 General Obligation Refunding and Improvement Bonds issued July 15, 2015, maturing February 15, 2035. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0% 7,534,500 1,325,500 8,860,000 2015 Certificates of Obligation issued July 15, 2015, maturing February 15, 2035. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0%. 5,915,000 - 5,915,000 2016 General Obligation Refunding and Improvement Bonds issued July 12, 2016, maturing February 15, 2036. Interest payable February 15 and August 15 at rates ranging 2.0% to 4.0%. 3,310,000 - 3,310,000 2016 Certificates of Obligation issued July 12, 2016, maturing February 15, 2036. Interest payable February 15 and August 15 at rates ranging from 2.0% to 4.0%. 6,410,000 895,000 7,305,000 2017 Certificates of Obligation issued June 27, 2017, maturing February 15, 2037. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0%. 8,225,000 730,000 8,955,000 2018 General Obligation Refunding Bonds issued June 15, 2018, maturing February 15, 2038. Interest payable February 15 and August 15 at rates ranging from 4.0% to 5.0%. 3,075,000 - 3,075,000 2018 Certificates of Obligation issued June 15, 2018, maturing February 15, 2038. Interest payable February 15 and August 15 at rates ranging from 3.125% to 5.0%. 9,745,000 7,715,000 17,460,000 2019 General Obligation Improvement Bonds issued July 25, 2019, maturing February 15, 2039. Interest payable February 15 and August 15 at rates ranging from 3.0% to 4.0%. 3,295,000 - 3,295,000 2019 Certificates of Obligation issued July 25, 2019, maturing February 15, 2039. Interest payable February 15 and August 15 at rates ranging from 3.0% to 5.0%. 10,615,397 3,589,604 14,205,001 2020 Certificates of Obligation issued July 30, 2020, maturing February 15, 2040. Interest payable February 15 and August 15 at rates ranging from 3.0% to 4.0%. 9,305,000 - 9,305,000 Page 186 Item 9. 53 Governmental Business-Type Activities Activities Total 2021 General Obligation Improvement Bonds issued August 15, 2021, maturing February 15, 2041. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5%. 31,815,000 - 31,815,000 2021 Certificates of Obligation issued August 15, 2021, maturing February 15, 2041. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5%. 6,040,000 - 6,040,000 2022 General Obligation Improvement Bonds issued August 15, 2022, maturing February 15, 2042. Interest payable February 15 and August 15 at rates ranging from 4.0% to 5.0%. 28,740,000 - 28,740,000 2022 Certificates of Obligation issued October 1, 2022, maturing August 15, 2042. Interest payable February 15 and August 15 at rates ranging from 4.75% to 5.0%. - 12,010,000 12,010,000 2023 General Obligation Improvement Bonds issued August 15, 2023, maturing February 15, 2043. Interest payable February 15 and August 15 at rates ranging from 4.0% to 5.0%. 35,400,000 2,620,000 38,020,000 2023 Certificates of Obligation issued August 15, 2023, maturing August 15, 2043. Interest payable February 15 and August 15 at rates ranging from 4.0% to 5.0%. - 8,010,000 8,010,000 2024 General Obligation Bonds issued August 15, 2024 maturing February 15, 2044. Interest payable February 15 and August 15 at rates ranging from 4.0% to 5.0%. 33,925,000 - 33,925,000 2024 Waterworks and Sewer System Revenue Bonds issued August 15, 2024, maturing August 15, 2044. Interest payable February 15 and August 15 at rates ranging from 4.0% to 5.0%. - 29,670,000 29,670,000 $ 203,949,897 $ 74,060,104 $ 278,010,001 The annual requirements to amortize the combined debt outstanding for the Debt Service Fund, Stormwater Drainage Fund and Water and Sewer Fund as of September 30, 2024, are as follows: Governmental Activities Business-Type Activities Year Ended Total Total September 30,Principal Interest Principal Interest Principal Interest 2025 $ 10,190,966 $ 8,082,588 $ 3,784,035 $ 3,183,770 $ 13,975,001 $ 11,266,358 2026 9,978,512 7,775,569 3,831,489 3,138,031 13,810,001 10,913,600 2027 10,165,394 7,303,492 3,549,606 2,967,258 13,715,000 10,270,750 2028 10,658,313 6,807,280 3,716,687 2,798,870 14,375,000 9,606,150 2029 11,184,469 6,283,762 3,885,532 2,623,038 15,070,001 8,906,800 2030-2034 58,513,411 23,872,845 21,341,588 10,341,123 79,854,999 34,213,968 2035-2039 59,373,832 11,793,967 18,666,167 5,797,609 78,039,999 17,591,576 2040-2044 33,885,000 2,565,584 15,285,000 1,826,238 49,170,000 4,391,822 Total $ 203,949,897 $ 74,485,087 $ 74,060,104 $ 32,675,937 $ 278,010,001 $ 107,161,024 Page 187 Item 9. 54 Lease Liability As of September 30, 2024, Prosper, TX had two active leases that allow the right-to-use the vendor's assets over the lease term. The rate, term and ending liability are as follows: Amount Amounts Amounts Interest Initial Monthly of Initial Outstanding Due Within Purpose Rate Year Terms Liability 09/30/24 One Year Leases: Flock 1 - Falcon LPRs 3.451% 2024 60 $ 568,947 $ 448,637 $ 106,518 Striker Medical Devices 0.804% 2021 73 453,788 260,325 64,302 Totals $ 708,962 $ 170,820 Annual requirements to amortize the lease liability for the General Fund as of September 30, 2024, are as follows: Governmental Activities Year Ended September 30,Principal Interest 2025 $ 170,820 $ 17,575 2026 175,011 13,383 2027 179,336 9,059 2028 183,795 4,599 Total $ 708,962 $ 44,616 SBITA Liability As of September 30, 2024, Prosper, TX had seven active subscriptions that allow the right-to-use the SBITA vendors' information technology software over the subscription term. The SBITA rate, term and ending liability are as follows: Amount Amounts Amounts Interest Initial Monthly of Initial Outstanding Due Within Purpose Rate Year Terms Liability 09/30/24 One Year Right to Use: Security software 3.238% 2023 36 $ 76,184 $ 25,386 $ 25,386 CDW 2.702% 2023 66 95,904 63,898 15,342 Clearview.ai 2.656% 2023 36 16,062 5,353 5,353 Flock - Analytics 3.018% 2024 36 69,911 69,911 46,614 DebtBook 3.742% 2024 24 22,003 11,278 11,278 TargetSolutions 3.591% 2024 36 53,074 35,621 17,046 Tyler - EPL 2.656% 2023 36 607,121 202,327 202,327 Totals $ 413,774 $ 323,346 Annual requirements to amortize the SBITA liability for the General Fund as of September 30, 2024, are as follows: Governmental Activities Year Ended September 30,Principal Interest 2025 $ 323,346 $ 11,151 2026 57,627 2,682 2027 16,182 886 2028 16,619 449 Total $ 413,774 $ 15,168 Page 188 Item 9. 55 IX.RESTRICTED ASSETS The balances of restricted asset accounts as of September 30, 2024 are as follows: Cash Investments Reason for restriction Business-type activities: Water and Sewer fund $ 54,641,848 $ 4,997,442 Capital projects (unspent bond proceeds) Water and Sewer fund 577,675 - Debt service Water and Sewer fund 12,189,673 Impact fees Total business-type activities $ 67,409,196 $ 4,997,442 Governmental activities: Impact Fees fund $ 13,104,199 Impact fees Debt Service fund 1,245,277 Debt service Capital Projects fund 81,761,072 7,996,428 Capital projects (unspent bond proceeds) Escrow Fund 6,704,039 Customer deposits/escrow Nonmajor governmental funds 5,744,110 Special revenue funds Total governmental activities $ 108,558,697 $ 7,996,428 X.RISK MANAGEMENT The Town is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Town is a participant in the Texas Municipal League Workers’ Compensation Joint Insurance Fund (WC Fund) and the Texas Municipal League Joint Self-Insurance Fund (Property-Liability Fund), a public entity risk pool operated by the Texas Municipal League Board for the benefit of individual governmental units located in Texas. The Town pays an annual premium to the Funds for its workers’ compensation and property and liability insurance coverage. The WC Fund and the Property-Liability Fund are considered self-sustaining risk pools that provide coverage for their members for up to $2,000,000 per insured event. The Town also maintains insurance coverage for cyber-attacks. There were no significant reductions in insurance coverage from the previous year. Settled claims for risks have not exceeded insurance coverage in any of the past three years. The Town of Prosper initiated a self-funded health and dental plan effective January 1, 2017 for Town Employees and their dependents. The Town maintains the Health Insurance Fund to account for the Town’s employee health and dental care coverage. In addition, excess insurance of up to $1,000,000 has been obtained for an individual unit health and prescription drugs claims exceeding $75,000 and for health claims in the aggregate exceeding $4,164,678. The Town’s claim administrator is UMR. Revenues are recognized from payroll deductions and Town contributions. At September 30, 2024, a liability of $208,848 has been recorded, which represents estimated claims incurred but not yet reported. Changes in this claims liability during fiscal years 2022, 2023, and 2024 respectively were as follows Fiscal Beginning Current Year Claim Ending Year Balance Claims Payments Balance 2022 $ 212,015 $ 1,856,224 $ 1,911,385 $ 156,854 2023 156,854 2,207,581 2,190,249 174,186 2024 174,186 2,210,359 2,175,697 208,848 XI.OTHER POST-EMPLOYMENT BENEFITS (OPEB) As a municipality exceeding 25,000 population, the town is required to provide its retirees health insurance coverage but can recover up to the full cost of that coverage. The Town has adopted a policy requiring retirees to pay an actuarially determined age-based rate and therefore has no OPEB liability under GASB standards. Page 189 Item 9. 56 XII.DEFINED BENEFIT PENSION PLAN Plan Description The Town participates as one of 900+ plans in the nontraditional, joint contributory, hybrid defined benefit pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement system for municipal employees in the State of Texas. The TMRS Act places the general administration and management of the System with a six-member Board of Trustees. Although the Governor, with the advice and consent of the Senate, appoints the Board, TMRS is not fiscally dependent on the State of Texas. TMRS’s defined benefit pension plan is a tax-qualified plan under Section 401(a) of the Internal Revenue Code. TMRS issues a publicly available annual comprehensive financial report (ACFR) that can be obtained at www.TMRS.com. All eligible employees of the Town are required to participate in TMRS. Benefits Provided TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the governing body of the Town, within the options available in the state statutes governing TMRS. At retirement, the benefit is calculated as if the sum of the employee’s contributions, with interest, and the town-financed monetary credits with interest were used to purchase an annuity. Members may choose to receive their retirement benefit in one of seven payments options. Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12, 24 or 36 monthly payments, which cannot exceed 75% of the member’s deposits and interest. Beginning in 2009, the Town granted an annually repeating (automatic) basis monetary credit referred to as an updated service credit (USC) which is a theoretical amount that takes into account salary increases or plan improvements. If at any time during their career an employee earns a USC, this amount remains in their account earning interest at 5% until retirement. At retirement, the benefit is calculated as if the sum of the employee’s accumulated contributions with interest and the employer match plus employer-financed monetary credits, such as USC, with interest were used to purchase an annuity. Additionally, initiated in 2009, the Town provided on an annually repeating (automatic) basis cost of living adjustments (COLA) for retirees equal to a percentage of the change in the consumer price index (CPI). Employee deposit rate 7% Matching ratio (Town to employee)2 to 1 Years required for vesting 5 Service retirement eligibility 20 years at any age, 5 years at age 60 and above Updated service credit 100% repeating, transfers Annuity increase to retirees 70% of CPI repeating Employees Covered by Benefit Terms At the December 31, 2023 valuation and measurement date, the following numbers of employees were covered by the benefit terms: Inactive employees or beneficiaries currently receiving benefits 44 Inactive employees entitled to but not yet receiving benefits 190 Active employees 350 Total 584 Page 190 Item 9. 57 Contributions The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, and the municipal matching percentages are either 100%, 150%, or 200%, both as adopted by the governing body of the municipality. Under the state law governing TMRS, the contribution rate for each municipality is determined annually by the actuary, using the Entry Age Normal (EAN) actuarial cost method. The Town's contribution rate is based on the liabilities created from the benefit plan options selected by the Town and any changes in benefits or actual experience over time. Employees for the Town were required to contribute 7% of their annual gross earnings during the fiscal year. The contribution rates for the Town were 14.12% and 14.29% in calendar years 2023 and 2024, respectively. The Town’s contributions to TMRS for the year ended September 30, 2024, were $4,485,344, and were equal to the required contributions. The PEDC’s contributions to TMRS for the year were $48,961 and were equal to the required contributions. Net Pension Liability The Town’s Net Pension Liability (NPL) was measured as of December 31, 2023, and the Total Pension Liability (TPL) used to calculate the Net Pension Liability was determined by an actuarial valuation as of that date. Actuarial Assumptions The Total Pension Liability in the December 31, 2023 actuarial valuation was determined using the following actuarial assumptions: Inflation 2.50% per year Overall payroll growth 2.75% per year Investment Rate of Return 6.75% net of pension plan investment expense, including inflation Salary increases are based on a service-related table. Mortality rates for active members are based on the PUB (10) mortality tables with 110% of the Public Safety table used for males and 100% of the General Employee table used for females. Mortality rates for healthy retirees and beneficiaries are based on the Gender-distinct 2019 Municipal Retirees of Texas mortality tables. Male rates are multiplied by 103% and females rates are multiplied by 105%. The rates for actives, healthy retirees and beneficiaries are projected on a fully generational basis by the most recent Scale MP-2021 to account for future mortality improvements. For disabled annuitants, the same mortality tables for healthy retirees is used with a 4-year set-forward for males and a 3-year set-forward for females. In addition, a 3.5% and 3.0% minimum mortality rate is applied, for males and females respectively, to reflect the impairment for younger members who become disabled. The rates are projected on fully generational basis by the most recent Scale MP-2021 to account for future mortality improvements subject to the 3% floor. The actuarial assumptions were developed primarily from the actuarial investigation of the experience of TMRS over the four-year period from December 31, 2018 to December 31, 2022. The assumptions were adopted in 2023 and first used in the December 31, 2023 actuarial valuation. The post-retirement mortality assumption for Annuity Purchase Rates (APRs) is based on the Mortality Experience Investigation Study covering 2009 through 2011 and dated December 31, 2013. Plan assets are managed on a total return basis with an emphasis on both capital appreciation as well as the production of income in order to satisfy the short-term and long-term funding needs of TMRS. Page 191 Item 9. 58 The long-term expected rate of return on pension plan investments of 6.75% was originally effective for the December 31, 2015 valuation and is periodically verified along with all other actuarial assumptions through an actuarial experience study at least every five years. The most recent experience study was approved by the TMRS Board in September 2023. The estimate is based on a weighted average calculation of the long-term rates of return expected for each asset class. In determining their best estimate of a recommended investment return assumption under the various alternative asset allocation portfolios, GRS focused on the area between (1) arithmetic mean (aggressive) without an adjustment for time (conservative) and (2) the geometric mean (conservative) with an adjustment for time (aggressive). The target allocation and best estimates of arithmetic real rates return for each major asset class in fiscal year 2024 are summarized in the following table: Long-Term Expected Real Rate of Return Asset Class Target Allocation (Arithmetic) Global equity 35.00%6.70% Core fixed income 6.00%4.70% Non-core fixed income 20.00%8.00% Other public and private markets 12.00%8.00% Real estate 12.00%7.60% Hedge funds 5.00%6.40% Private equity 10.00%11.60% Total 100.00% Discount Rate The discount rate used to measure the Total Pension Liability was 6.75%. The projection of cash flows used to determine the discount rate assumed that employee and employer contributions will be made at the rates specified in statute. Based on that assumption, the pension plan’s Fiduciary Net Position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the Total Pension Liability. Changes in Net Pension Liability The Town’s net pension liability is generally liquidated by the General Fund and proprietary funds. The Town reported the following changes in Net Pension Liability: Increase (Decrease) Total Pension Plan Fiduciary Net Pension Liability Net Position Liability (a)(b)(a)-(b) Balance at December 31, 2022 $ 45,970,229 $ 37,824,162 $ 8,146,067 Changes for the year: Service cost 5,493,863 - 5,493,863 Interest 3,276,449 - 3,276,449 Difference between expected and actual experience 505,498 - 505,498 Change in assumptions 114,227 - 114,227 Contributions - employer - 3,967,948 (3,967,948) Contributions - employee - 1,967,112 (1,967,112) Net investment income - 4,423,768 (4,423,768) Benefit payments, including refunds of employee contributions (494,164)(494,164) - Administrative expense - (27,893) 27,893 Other changes 69,910 57,327 12,583 Net changes 8,965,783 9,894,098 (928,315) Balance at December 31, 2023 $ 54,936,012 $ 47,718,260 $ 7,217,752 Page 192 Item 9. 59 The PEDC reported the following changes in Net Pension Liability: Increase (Decrease) Total Pension Plan Fiduciary Net Pension Liability Net Position Liability (a)(b)(a)-(b) Balance at December 31, 2022 $ 572,475 $ 471,031 $ 101,444 Changes for the year: Service cost 59,970 - 59,970 Interest 35,765 - 35,765 Difference between expected and actual experience 5,518 - 5,518 Change in assumptions 1,247 - 1,247 Contributions - employer - 43,313 (43,313) Contributions - employee - 21,473 (21,473) Net investment income - 48,289 (48,289) Benefit payments, including refunds of employee contributions (5,394)(5,394) - Administrative expense - (304) 304 Other changes (69,910)(57,524)(12,386) Net changes 27,196 49,853 (22,657) Balance at December 31, 2023 $ 599,671 $ 520,884 $ 78,787 The following presents the net pension liability of the Town and component unit, calculated using the discount rate of 6.75%, as well as what the Town’s net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.75%) or 1-percentage-point higher (7.75%) than the current rate: 1% Decrease in Current Single 1% Increase in Discount Rate Discount Rate Discount Rate (5.75)%(6.75)%(7.75)% Town's net pension liability $ 17,279,749 $ 7,217,752 $(832,102) EDC's net pension liability 188,621 78,787 (9,083) Total $ 17,468,370 $ 7,296,539 $(841,185) Pension Plan Fiduciary Net Position Detailed information about the pension plan’s Fiduciary Net Position is available in a separately issued TMRS financial report. That report may be obtained electronically at www.TMRS.com. Pension Expense, Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions For the year ended September 30, 2024, the Town and component unit recognized pension expense of $4,773,212 and $52,103, respectively. At September 30, 2024, the Town reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual economic experience $ 1,602,625 $ - Changes in actuarial assumptions 115,153 - Difference between projected and actual investment earnings 783,508 - Contributions subsequent to the measurement date 3,307,616 - Total $ 5,808,902 $ - Page 193 Item 9. 60 At September 30, 2024, the PEDC reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual economic experience $ 17,494 $ - Changes in actuarial assumptions 1,257 - Difference between projected and actual investment earnings 8,553 - Contributions subsequent to the measurement date 36,105 - Total $ 63,409 $ - The Town and component unit reported $3,307,616 and $36,105, respectively, as deferred outflows of resources related to pensions resulting from contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability for the year ending September 30, 2025. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: For the Year Ended Component September 30,Town Unit 2025 $ 791,603 $ 8,641 2026 718,486 7,843 2027 967,436 10,560 2028 (113,003)(1,234) 2029 129,617 1,415 Thereafter 7,147 79 Total $ 2,501,286 $ 27,304 XIII.TAX ABATEMENTS AND ECONOMIC INCENTIVES The Town enters into economic development agreements designed to promote development and redevelopment within the Town, spur economic improvement, stimulate commercial activity, generate additional sales tax and enhance the property tax base and economic vitality of the Town. These programs abate or rebate property tax and sales tax and include incentive payments and reductions in fees that are not tied to taxes. The Town’s economic development agreements are authorized under Chapter 380 of the Texas Local Government Code and Chapter 311 (Tax Increment Financing Act) of the Texas Tax Code. Recipients may be eligible to receive economic assistance based on the employment impact, economic impact or community impact of the project requesting assistance. Recipients receiving assistance generally commit to building or remodeling real property and related infrastructure, expanding operations or bringing targeted businesses to the Town. General Economic Development The Town has entered into various agreements that may rebate a flat amount or percentage of property taxes or sales tax received by the Town or repay developers for the construction of impact fee eligible projects. For fiscal year 2024, the Town rebated $750,232 in property and sales taxes and repaid developers for infrastructure agreements with $1,198,729 in impact fees. Page 194 Item 9. 61 Tax Increment Reinvestment Zone The Town has established two tax increment reinvestment zone (TIRZ) districts under Chapter 311, Texas Tax Code 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 and underemployment and developing or expanding commerce in the state, including the enhancement of land and the Town. Each district has a base year, and incremental property tax revenues exceeding the base year amount are collected into a special revenue fund. Additionally, other taxing entities may participate in the TIRZ districts. Each participating entity’s governing body sets the percentage of increment that they will contribute to the TIRZ fund. In December 2015, Town Council appointed a TIRZ Board to approve final projects and finance plans and to enter into a participation agreement that provides participation in the TIRZ. Unlike other contractual obligations, TIRZ grants are subject to availability of TIRZ funds, and any balance owed to a developer at the termination of the TIRZ district will no longer be considered an obligation of the Town. The following table summarizes key statistics of each of the Town’s TIRZ districts. TIRZ 1 TIRZ 2 Tax year established 2008 2012 Town's participation 70%70% Other taxing entities Collin County Collin County Participating 50%50% Tax year terminates 2045 2037 The development agreement for TIRZ 1 provides for development of approximately 600 acres of land located in the Town and known as the Gates of Prosper. This agreement provides for an economic development grant of $58,000,000 plus 3.5% interest compounded annually until paid in full or termination of the agreement. Funding for this grant is contingent upon the availability of tax revenues and impact fee revenues in TIRZ 1. Interest payments of $844,220 and payment towards construction of $4,252,662 were made during fiscal year 2024. The development agreement for TIRZ 2 provides for development of approximately 157 acres of land located in the Town of Prosper at the intersection of Dallas North Tollway and US Highway 380. This agreement provided for an economic development grant of $28,566,057 plus 3.5% interest compounded annually until paid in full or termination of the agreement. This development agreement was determined to be in default and the Town’s obligation is to pay all amounts due at the time of default which is currently $1,557,946. No interest will be calculated from the date of default, September 22, 2020, and forward. Funding for this grant is contingent upon the availability of tax revenues and impact fee revenues in TIRZ 2. A construction payment of $110,273 and no payment towards interest were made during fiscal year 2024. The following is a summary of the principal balance of the infrastructure reimbursement grants and development agreements associated with the Tax Increment Reinvestment Zones: TIRZ 1 TIRZ 2 Total Balance, September 30, 2023 $ 24,120,578 $ 1,332,391 $ 25,452,969 Additions/adjustments 4,690,473 - 4,690,473 Payments (4,252,663)(110,271)(4,362,934) Balance, September 30, 2024 $ 24,558,388 $ 1,222,120 $ 25,780,508 XIV.COMMITMENTS AND CONTINGENCIES At September 30, 2024, the total estimated costs to complete significant construction projects in progress at year-end totaled approximately $149,110,152 for the Capital Projects Fund. Page 195 Item 9. 62 Page 196 Item 9. 63 Page 197 Item 9. TOWN OF PROSPER, TEXAS SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS TEXAS MUNICIPAL RETIREMENT SYSTEM LAST TEN FISCAL YEARS (UNAUDITED) 64 Measurement year December 31, 2014 2015 2016 Total pension liability Service cost $ 1,149,110 $ 1,457,871 $ 1,719,445 Interest on total pension liability 610,963 732,791 874,511 Difference between expected and actual experience (114,652) 264,111 (103,100) Change or assumptions - (14,368) - Benefit payments/refunds of contributions (47,637)(71,162)(96,666) Net change in total pension liability 1,597,784 2,369,243 2,394,190 Total pension liability, beginning 8,177,304 9,775,088 12,144,331 Total pension liability, ending (a) $ 9,775,088 $ 12,144,331 $ 14,538,521 Plan fiduciary net position Contributions - employer $ 723,677 $ 914,153 $ 1,101,478 Contributions - employee 471,670 539,096 623,310 Net investment income 383,420 12,145 650,853 Benefit payments/refunds of contributions (47,637)(71,162)(96,666) Administrative expenses (4,000)(7,392)(7,335) Other (329)(365)(397) Net change in fiduciary net position 1,526,801 1,386,475 2,271,243 Fiduciary net position, beginning 6,697,330 8,224,131 9,610,606 Fiduciary net position, ending (b) $ 8,224,131 $ 9,610,606 $ 11,881,849 Net pension liability = (a)-(b) 1,550,957 2,533,725 2,656,672 Fiduciary net position as a percentage of total pension liability 84.13%79.14%81.73% Covered - employee payroll $ 6,738,149 $ 7,701,377 $ 8,904,427 Net Pension liability as a percentage of covered employee payroll 23.02%32.90%29.84% Page 198 Item 9. 65 2017 2018 2019 2020 2021 2022 2023 $ 2,156,520 $ 2,559,835 $ 2,900,937 $ 3,591,897 $ 4,056,030 $ 4,677,258 $ 5,553,834 1,046,888 1,255,581 1,541,809 1,902,755 2,304,810 2,761,182 3,312,214 (42,762) 526,914 693,569 522,514 489,219 753,591 511,016 - - 85,186 - - - 115,474 (214,667)(326,425)(218,532)(220,713)(365,014)(434,199)(499,558) 2,945,979 4,015,905 5,002,969 5,796,453 6,485,045 7,757,832 8,992,980 14,538,521 17,484,500 21,500,405 26,503,374 32,299,827 38,784,872 46,542,704 $ 17,484,500 $ 21,500,405 $ 26,503,374 $ 32,299,827 $ 38,784,872 $ 46,542,704 $ 55,535,684 $ 1,526,920 $ 1,802,566 $ 2,051,549 $ 2,537,000 $ 2,892,539 $ 3,432,076 $ 4,011,261 794,089 932,591 1,059,841 1,311,595 1,473,637 1,685,932 1,988,585 1,650,563 (469,840) 2,727,479 1,766,968 3,741,751 (2,665,583) 4,472,057 (214,667)(326,425)(218,532)(220,713)(365,014)(434,199)(499,558) (8,534)(9,048)(15,339)(11,377)(17,219)(22,912)(28,197) (433)(473)(460)(445) 119 27,342 (197) 3,747,938 1,929,371 5,604,538 5,383,028 7,725,813 2,022,656 9,943,951 11,881,849 15,629,787 17,559,158 23,163,696 28,546,724 36,272,537 38,295,193 $ 15,629,787 $ 17,559,158 $ 23,163,696 $ 28,546,724 $ 36,272,537 $ 38,295,193 $ 48,239,144 1,854,713 3,941,247 3,339,678 3,753,103 2,512,335 8,247,511 7,296,540 89.39%81.67%87.40%88.38%93.52%82.28%86.86% $ 11,344,133 $ 13,304,757 $ 15,140,587 $ 18,737,073 $ 20,662,405 $ 20,662,405 $ 28,408,360 16.35%29.62%22.06%20.03%12.16%39.92%25.68% Page 199 Item 9. TOWN OF PROSPER, TEXAS SCHEDULE OF EMPLOYER CONTRIBUTIONS TEXAS MUNICIPAL RETIREMENT SYSTEM LAST TEN FISCAL YEARS (UNAUDITED) 66 Fiscal Year ended September 30, 2015 2016 2017 Actuarially determined contribution $ 842,892 $ 1,073,556 $ 1,460,414 Contributions in relation to the actuarially determined contribution 842,892 1,072,237 1,431,283 Contribution deficiency (excess) - 1,319 29,131 Covered payroll $ 7,560,918 $ 7,678,705 $ 10,850,030 Contributions as a percentage of covered 11.15%13.96%13.19% payroll NOTES TO SCHEDULE OF CONTRIBUTIONS Valuation Date: Actuarially determined contribution rates are calculated as of December 31st and become effective in January, 13 months later. Methods and Assumptions Used to Determine Contribution Rates: Actuarial cost method Entry Age Normal Amortization method Level Percentage of Payroll, Closed Remaining amortization period 21 years Asset valuation method 10 year smoothed market; 12% soft corridor Inflation 2.50% Salary increases 3.60% to 11.85% including inflation Investment rate of return 6.75% Retirement age Experience-based table of rates that vary by age. Last updated for the 2023 valuation pursuant to an experience study of the period ending 2022. Mortality Post-retirement: 2019 Municipal Retirees of Texas Mortality Tables. Male rates are multiplied by 103% and female rates are multiplied by 105%. The rates are a fully generational basis by the most recent Scale MP-2021 (with immediate convergence). Pre-retirement: PUB(10) mortality tables, with 110% of the Public Safety table used for males and 100% of the General Employee table used for females. The rates are projected on a fully generational basis by the most recent Scale MP-2021 (with immediate convergence). Other Information: Notes There were no benefit changes during the year. Page 200 Item 9. 67 2018 2019 2020 2021 2022 2023 2024 $ 1,739,754 $ 1,974,212 $ 2,364,494 $ 2,790,352 $ 3,221,511 $ 3,829,116 $ 4,534,305 1,739,754 1,974,212 2,364,494 2,790,352 3,221,511 3,829,116 4,534,305 - - - - - - - $ 12,884,881 $ 14,574,706 $ 17,470,665 $ 20,382,993 $ 22,814,839 $ 27,053,229 $ 31,830,926 13.50%13.55%13.53%13.69%14.12%14.15%14.24% Page 201 Item 9. 68 Page 202 Item 9. 69 Page 203 Item 9. 70 Page 204 Item 9. 71 NONMAJOR GOVERNMENTAL FUNDS COURT TECHNOLOGY FUND – This fund is to account for a misdemeanor offense technology fee. These funds are used to finance the purchase of, or to maintain technology enhancements for the Municipal Court for the following: computer systems, networks, hardware and software, electric kiosks, electronic ticket writers, and docket management systems. COURT SECURITY FUND – This fund is used to account for a misdemeanor offense security fee. These funds are used to finance security personnel, services and items related to the facility that house the operations of the municipal court. PARKS DEDICATION FUND – This fund is to account for contributions for the creation of parks per development agreements. Fund expenditures must be used for the acquisition, development, expansion or upgrading of parks located within the same park district or general area where the proposed development for which payment was made is located. PARKS IMPROVEMENT FUND – This fund is to account for contributions for improvements to parks per development agreements. Developers are reimbursed for the reasonable costs of any park improvements constructed and accepted by the Town. CRIME CONTROL SPECIAL PURPOSE DISTRICT – Originally created in 2018 and renewed by the voters in 2023 for twenty years the Crime Control and Prevention Special Purpose District is allowed under Texas Local Government Code, Chapter 363 and Texas Tax Code, Section 323.105. The Crime Control and Prevention District is dedicated to crime reduction programs and the dedication of a one-fourth of one percent sales and use tax. FIRE PREVENTION AND EMS SPECIAL PURPOSE DISTRICT – Originally created in 2018 and renewed by the voters in 2023 for twenty years the Fire Control, Prevention, and Emergency Medical Services Special Purpose District is allowed under Texas Local Government Code, Chapter 344 and Texas Tax Code, Section 321.106. The Fire Control, Prevention, and Emergency Medical Services Special Purpose District is dedicated to fire safety and emergency medical services programs and the dedication of a one-fourth of one percent sales and use tax. TIRZ 1 FUND – The Town designated a certain area within the Town as Tax Increment Reinvestment Zone Number 1 in 2008. The Town Council desires to promote the development or redevelopment of said geographic area by designation of a reinvestment zone, as authorized by the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code. This fund is to account for the restricted revenue sources detailed in the agreement along with the reimbursements to the developer for agreed upon expenditures. TIRZ 2 FUND – The Town designated a certain area within the Town as Tax Increment Reinvestment Zone Number 2 in 2013. The Town Council desires to promote the development or redevelopment of said geographic area by designation of a reinvestment zone, as authorized by the Tax Increment Financing Act, Chapter 311 of the Texas Tax Code. This fund is to account for the restricted revenue sources detailed in the agreement along with the reimbursements to the developer for agreed upon expenditures. MUNICIPAL JURY FUND – This fund is used to fund juror reimbursements and otherwise finance jury services. CONTRIBUTIONS FUND – This fund is used to account for various special revenue sources. Typical revenues seen in this fund would include Police Department donations, Fire Department donations, Police Seized funds, Child Safety funds and developer contributions. Page 205 Item 9. 72 TOWN OF PROSPER, TEXAS COMBINING BALANCE SHEET - NONMAJOR GOVERNMENTAL FUNDS SEPTEMBER 30, 2024 Court Technology Court Security Parks Dedication Parks Improvement ASSETS Cash and cash equivalents $32,457 $66,425 $1,175,203 $57,187 Taxes receivable, net ---- Accounts receivable, net ---- Total assets 32,457 66,425 1,175,203 57,187 LIABILITIES Accounts payable ---- Accrued expenses ---- Total liabilities ---- FUND BALANCE Restricted for: Tax increment reinvestment zone (TIRZ)---- Public safety 32,457 66,425 -- Parks --1,175,203 57,187 Other ---- Total fund balances 32,457 66,425 1,175,203 57,187 Total liabilities, deferred inflows of resources and fund balances $32,457 $66,425 $1,175,203 $57,187 Page 206 Item 9. 73 Crime Control Special Purpose District Fire Prevention and EMS Special Purpose District TIRZ 1 TIRZ 2 Municipal Jury Contributions Total Nonmajor Governmental Funds $782 $1,513 $2,187,346 $25,438 $955 $2,196,804 $5,744,110 506,978 507,038 354,755 312 --1,369,083 -----12,538 12,538 507,760 508,551 2,542,101 25,750 955 2,209,342 7,125,731 775 775 ---12,564 14,114 108,920 124,838 ----233,758 109,695 125,613 ---12,564 247,872 --2,542,101 25,750 --2,567,851 398,065 382,938 --955 153,497 1,034,337 ------1,232,390 -----2,043,281 2,043,281 398,065 382,938 2,542,101 25,750 955 2,196,778 6,877,859 $507,760 $508,551 $2,542,101 $25,750 $955 $2,209,342 $7,125,731 Page 207 Item 9. 74 TOWN OF PROSPER, TEXAS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2024 Court Technology Court Security Parks Dedication Parks Improvement REVENUES Taxes: Property taxes $-$-$-$- Sales and use taxes ---- Impact fees ---- Investment income 1,448 3,152 42,091 41,247 Fines, fees, warrants and seizures 10,217 12,405 -- Contributions --909,971 761,210 Miscellaneous ---- Total revenues 11,665 15,557 952,062 802,457 EXPENDITURES Current: Administration ---- Police ---- Fire and EMS ---- Community services ---5,199 Total expenditures ---5,199 Excess (deficiency) of revenues over (under) expenditures 11,665 15,557 952,062 797,258 OTHER FINANCING SOURCES (USES) Transfers out --(1,363,800)(1,487,255) Total other financing sources (uses)--(1,363,800)(1,487,255) NET CHANGE IN FUND BALANCE 11,665 15,557 (411,738)(689,997) FUND BALANCES - BEGINNING 20,792 50,868 1,586,941 747,184 FUND BALANCES - ENDING $32,457 $66,425 $1,175,203 $57,187 Page 208 Item 9. 75 Crime Control Special Purpose District Fire Prevention and EMS Special Purpose District TIRZ 1 TIRZ 2 Municipal Jury Contributions Total Nonmajor Governmental Funds $-$-$1,826,375 $92,367 $-$-$1,918,742 3,018,090 3,015,318 2,240,000 14,782 --8,288,190 --2,450,253 ---2,450,253 267 4,962 130,910 3,224 57 107,140 334,498 ----249 16,378 39,249 -----272,474 1,943,655 -----8,756 8,756 3,018,357 3,020,280 6,647,538 110,373 306 404,748 14,983,343 --5,096,882 110,273 -2,162 5,209,317 3,042,346 ----34,259 3,076,605 -3,092,637 ---3,605 3,096,242 ------5,199 3,042,346 3,092,637 5,096,882 110,273 -40,026 11,387,363 (23,989)(72,357)1,550,656 100 306 364,722 3,595,980 -----(200,000)(3,051,055) -----(200,000)(3,051,055) (23,989)(72,357)1,550,656 100 306 164,722 544,925 422,054 455,295 991,445 25,650 649 2,032,056 6,332,934 $398,065 $382,938 $2,542,101 $25,750 $955 $2,196,778 $6,877,859 Page 209 Item 9. 76 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE DEBT SERVICE FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Property taxes $15,184,531 $15,574,069 $15,429,086 $(144,983) Investment income 20,000 234,957 251,540 16,583 Total Revenues 15,204,531 15,809,026 15,680,626 (128,400) EXPENDITURES Debt service: Principal 9,474,172 8,885,722 8,885,722 - Interest and fiscal charges 5,458,264 6,842,144 6,842,143 1 Bond issue costs and fees 20,000 20,000 10,049 9,951 Total Expenditures 14,952,436 15,747,866 15,737,914 9,952 CHANGE IN FUND BALANCE 252,095 61,160 (57,288)(118,448) FUND BALANCE - BEGINNING 1,302,520 1,302,520 1,302,520 - FUND BALANCE - ENDING $1,554,615 $1,363,680 $1,245,232 $(118,448) Page 210 Item 9. 77 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE COURT TECHNOLOGY FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Investment income $50 $50 $1,448 $1,398 Fines, fees, warrants and seizures 7,500 8,665 10,217 1,552 Total revenues 7,550 8,715 11,665 2,950 EXPENDITURES Administration 13,950 13,950 -13,950 Total expenditures 13,950 13,950 -13,950 CHANGE IN FUND BALANCE (6,400)(5,235)11,665 16,900 FUND BALANCE - BEGINNING 20,792 20,792 20,792 - FUND BALANCE - ENDING $14,392 $15,557 $32,457 $16,900 Page 211 Item 9. 78 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE COURT SECURITY FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Investment income $125 $125 $3,152 $3,027 Fines, fees, warrants and seizures 8,000 10,513 12,405 1,892 Total revenues 8,125 10,638 15,557 4,919 EXPENDITURES Administration 16,860 15,060 -15,060 Total expenditures 16,860 15,060 -15,060 CHANGE IN FUND BALANCE (8,735)(4,422)15,557 19,979 FUND BALANCE - BEGINNING 50,868 50,868 50,868 - FUND BALANCE - ENDING $42,133 $46,446 $66,425 $19,979 Page 212 Item 9. 79 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE PARKS DEDICATION FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Investment income $2,000 $33,630 $42,091 $8,461 Contributions 300,000 969,159 909,971 (59,188) Total revenues 302,000 1,002,789 952,062 (50,727) EXPENDITURES Community services 963,800 --- Total expenditures 963,800 --- Excess (deficiency) of revenues over (under) expenditures (661,800)1,002,789 952,062 (50,727) OTHER FINANCING SOURCES (USES) Transfers out -(1,363,800)(1,363,800)- Total other financing sources (uses)-(1,363,800)(1,363,800)- CHANGE IN FUND BALANCE (661,800)(361,011)(411,738)(50,727) FUND BALANCE - BEGINNING 1,586,941 1,586,941 1,586,941 - FUND BALANCE - ENDING $925,141 $1,225,930 $1,175,203 $(50,727) Page 213 Item 9. 80 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE PARKS IMPROVEMENT FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Investment income $4,050 $43,665 $41,247 $(2,418) Contributions 220,000 969,159 761,210 (207,949) Total revenues 224,050 1,012,824 802,457 (210,367) EXPENDITURES Community services 750,000 5,200 5,199 1 Total expenditures 750,000 5,200 5,199 1 Excess (deficiency) of revenues over (under) expenditures (525,950)1,007,624 797,258 (210,366) OTHER FINANCING SOURCES (USES) Transfers out -(1,494,800)(1,487,255)7,545 Total other financing sources (uses)-(1,494,800)(1,487,255)7,545 CHANGE IN FUND BALANCE (525,950)(487,176)(689,997)(202,821) FUND BALANCE - BEGINNING 747,184 747,184 747,184 - FUND BALANCE - ENDING $221,234 $260,008 $57,187 $(202,821) Page 214 Item 9. 81 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE CRIME CONTROL SPECIAL PURPOSE DISTRICT FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Sales and use taxes $3,060,806 $3,162,232 $3,018,090 $(144,142) Investment income 1,200 250 267 17 Total revenues 3,062,006 3,162,482 3,018,357 (144,125) EXPENDITURES Police 3,168,564 3,168,564 3,042,346 126,218 Total expenditures 3,168,564 3,168,564 3,042,346 126,218 CHANGE IN FUND BALANCE (106,558)(6,082)(23,989)(17,907) FUND BALANCE - BEGINNING 422,054 422,054 422,054 - FUND BALANCE - ENDING $315,496 $415,972 $398,065 $(17,907) Page 215 Item 9. 82 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FIRE PREVENTION AND EMS SPECIAL PURPOSE DISTRICT FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Sales and use taxes $3,060,806 $3,162,232 $3,015,318 $(146,914) Investment income 600 4,553 4,962 409 Total revenues 3,061,406 3,166,785 3,020,280 (146,505) EXPENDITURES Fire and EMS 3,029,223 3,092,635 3,092,637 (2) Total expenditures 3,029,223 3,092,635 3,092,637 (2) CHANGE IN FUND BALANCE 32,183 74,150 (72,357)(146,507) FUND BALANCE - BEGINNING 455,295 455,295 455,295 - FUND BALANCE - ENDING $487,478 $529,445 $382,938 $(146,507) Page 216 Item 9. 83 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE TIRZ 1 FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Property taxes $1,344,775 $1,826,375 $1,826,375 $- Sales and use taxes 2,521,434 2,164,485 2,240,000 75,515 Impact fees 750,000 810,000 2,450,253 1,640,253 Investment income 6,000 86,744 130,910 44,166 Total revenues 4,622,209 4,887,604 6,647,538 1,759,934 EXPENDITURES Administration 4,622,209 5,854,049 5,096,882 757,167 Total expenditures 4,622,209 5,854,049 5,096,882 757,167 CHANGE IN FUND BALANCE -(966,445)1,550,656 2,517,101 FUND BALANCE - BEGINNING 991,445 991,445 991,445 - FUND BALANCE - ENDING $991,445 $25,000 $2,542,101 $2,517,101 Page 217 Item 9. 84 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE TIRZ 2 FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Property taxes $47,978 $92,367 $92,367 $- Sales and use taxes -8,000 14,782 6,782 Investment income 1,200 1,867 3,224 1,357 Total revenues 49,178 102,234 110,373 8,139 EXPENDITURES Administration 49,178 110,272 110,273 (1) Total expenditures 49,178 110,272 110,273 (1) CHANGE IN FUND BALANCE -(8,038)100 8,138 FUND BALANCE - BEGINNING 25,650 25,650 25,650 - FUND BALANCE - ENDING $25,650 $17,612 $25,750 $8,138 Page 218 Item 9. 85 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE MUNICIPAL JURY FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Investment income $-$-$57 $57 Fines, fees, warrants and seizures 150 211 249 38 Total revenues 150 211 306 95 CHANGE IN FUND BALANCE 150 211 306 95 FUND BALANCE - BEGINNING 649 649 649 - FUND BALANCE - ENDING $799 $860 $955 $95 Page 219 Item 9. 86 TOWN OF PROSPER, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE CONTRIBUTIONS FUND BUDGET AND ACTUAL FOR THE YEAR ENDED SEPTEMBER 30, 2024 Original Budget Final Budget Actual Amounts GAAP Basis Variance with Final Budget Positive (Negative) REVENUES Investment income $2,250 $80,253 $107,140 $26,887 Fines, fees, warrants and seizures -6,130 16,378 10,248 Contributions 59,000 60,000 272,474 212,474 Miscellaneous 3,000 8,800 8,756 (44) Total revenues 64,250 155,183 404,748 249,565 EXPENDITURES Administration 3,000 3,000 2,162 838 Police 46,367 24,495 34,259 (9,764) Fire and EMS 10,000 10,000 3,605 6,395 Community services -33,600 -33,600 Total expenditures 59,367 71,095 40,026 31,069 Excess (deficiency) of revenues over (under) expenditures 4,883 84,088 364,722 280,634 OTHER FINANCING SOURCES (USES) Transfers out --(200,000)(200,000) Total other financing sources (uses)--(200,000)(200,000) CHANGE IN FUND BALANCE 4,883 84,088 164,722 80,634 FUND BALANCE - BEGINNING 2,032,056 2,032,056 2,032,056 - FUND BALANCE - ENDING $2,036,939 $2,116,144 $2,196,778 $80,634 Page 220 Item 9. 87 TOWN OF PROSPER, TEXAS COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS SEPTEMBER 30, 2024 Vehicle and Equipment Replacement Health Insurance Total Internal Service Funds ASSETS Current assets: Cash and cash equivalents $6,055,897 $411,560 $6,467,457 Receivables, net -50,457 50,457 Total current assets 6,055,897 462,017 6,517,914 Noncurrent assets: Nondepreciable 1,381,702 -1,381,702 Depreciable, net 7,775,212 -7,775,212 Right to use, net 1,796,738 -1,796,738 Total noncurrent assets 10,953,652 -10,953,652 Total assets 17,009,549 462,017 17,471,566 LIABILITIES Current liabilities: Accounts payable and accrued expenses 254,410 313,883 568,293 Total current liabilities 254,410 313,883 568,293 Total liabilities 254,410 313,883 568,293 NET POSITION Net investment in capital assets 10,699,242 -10,699,242 Unrestricted 6,055,897 148,134 6,204,031 Total net position $16,755,139 $148,134 $16,903,273 Page 221 Item 9. 88 TOWN OF PROSPER, TEXAS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2024 Vehicle and Equipment Replacement Health Insurance Total Internal Service Funds OPERATING REVENUES Charges for services: Health charges $-$4,365,175 $4,365,175 Equipment replacement charges 1,478,966 -1,478,966 Miscellaneous -203,356 203,356 Total operating revenues 1,478,966 4,568,531 6,047,497 OPERATING EXPENSES Materials and supplies 60,143 -60,143 Contractual services -137,860 137,860 Employee health insurance -4,926,447 4,926,447 Depreciation and amortization 1,471,271 -1,471,271 Total operating costs 1,531,414 5,064,307 6,595,721 Operating income (loss)(52,448)(495,776)(548,224) NON-OPERATING REVENUES Investment income 297,493 34,851 332,344 Total non-operating revenues 297,493 34,851 332,344 CONTRIBUTIONS AND TRANSFERS Capital contributions 6,967,672 -6,967,672 Transfers in 1,065,275 -1,065,275 Total contributions and transfers 8,032,947 -8,032,947 CHANGE IN NET POSITION 8,277,992 (460,925)7,817,067 NET POSITION - BEGINNING 8,477,147 609,059 9,086,206 NET POSITION - END OF YEAR $16,755,139 $148,134 $16,903,273 Page 222 Item 9. TOWN OF PROSPER, TEXAS COMBINING STATEMENT OF CASH FLOWS - INTERNAL SERVICE FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2024 89 Vehicle and Total Equipment Health Internal Replacement Insurance Service Funds CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers and users $ 1,478,966 $ 4,553,238 $ 6,032,204 Cash payment to suppliers for goods and services (48,526) - (48,526) Cash payments for health expense - (5,141,463)(5,141,463) Net cash provided (used) by operating activities 1,430,440 (588,225) 842,215 CASH FLOWS FROM CAPITAL & RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets (984,841) - (984,841) CASH FLOWS FROM INVESTING ACTIVITIES Net investment sales and purchases 1,098,071 192,356 1,290,427 Interest on deposits and investments 319,255 38,663 357,918 Net cash provided by investing activities 1,417,326 231,019 1,648,345 Net increase (decrease) in cash and cash equivalents 1,862,925 (357,206) 1,505,719 Cash and cash equivalents at beginning of year 4,192,972 768,766 4,961,738 Cash and cash equivalents at end of year $ 6,055,897 $ 411,560 $ 6,467,457 RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Operating loss $(52,448) $(495,776) $(548,224) Adjustments to reconcile operating loss to net cash provided (used) by operating activities: Depreciation and amortization 1,471,271 - 1,471,271 Decrease (increase) in accounts receivable - (15,293)(15,293) Decrease (increase) in prepaid items 11,617 - 11,617 Increase (decrease) in accounts payable - (77,156)(77,156) Net cash provided (used) by operating activities $ 1,430,440 $(588,225) $ 842,215 SCHEDULE OF NON-CASH CAPITAL ACTIVITIES Transfers in and contributions of capital assets $ 8,032,947 $ - $ 8,032,947 Page 223 Item 9. 90 Page 224 Item 9. 91 Page 225 Item 9. 92 Page 226 Item 9. 93 STATISTICAL SECTION (UNAUDITED) This part of the Town’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures and required supplementary information says about the Town’s overall financial health. Page Number Financial Trends 94 These schedules contain trend information to help the reader understand how the Town’s financial performance and well-being have changed over time. Revenue Capacity 104 These schedules contain information to help the reader assess the Town’s most significant local revenue sources. Although sales taxes are the Town’s most significant local revenue source, information about revenue base is unavailable and information about principal revenue payers is confidential under Texas statutes. Trend information about sales tax revenues is provided in Table 6. Additionally, information about the Town’s second most significant local revenue source, the property tax, is provided. Debt Capacity 112 These schedules present information to help the reader assess the affordability of the Town’s current levels of outstanding debt and the Town’s ability to issue additional debt in the future. Demographic and Economic Information 119 These schedules offer demographic and economic indicators to help the reader understand the environment within which the Town’s financial activities take place. Operating Information 122 These schedules contain service and infrastructure data to help the reader understand how the information in the Town’s financial report relates to the services the Town provides and the activities it performs. Sources – Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Report for the relevant year. Page 227 Item 9. TOWN OF PROSPER, TEXAS NET POSITION BY COMPONENT LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) (AMOUNTS EXPRESSED IN THOUSANDS) (UNAUDITED) 94 Fiscal Year 2015 2016 2017 2018 Governmental activities Net investment in capital assets $ 50,131 $ 60,997 $ 63,158 $ 126,774 Restricted 18,551 14,307 7,549 2,332 Unrestricted 8,486 20,640 27,898 16,266 Total governmental activities net position $ 77,168 $ 95,944 $ 98,605 $ 145,372 Business-type activities Net investment in capital assets $ 21,119 $ 4,772 $ 12,598 $ 93,021 Restricted - - 4,722 - Unrestricted 3,351 24,391 23,010 14,696 Total business-type activities net position $ 24,470 $ 29,163 $ 40,330 $ 107,717 Primary government Net investment in capital assets $ 71,250 $ 65,769 $ 75,756 $ 219,795 Restricted 18,551 14,307 12,271 2,332 Unrestricted 11,837 45,031 50,908 30,962 Total primary government net position $ 101,638 $ 125,107 $ 138,935 $ 253,089 Source: Town financial statements Notes: Figures are as originally presented in each fiscal year's financial statements. No restatements have been made for prior period adjustments identified in the subsequent fiscal year. The Prosper Economic Development Corporation (PEDC) was presented as a blended component unit in fiscal years 2016 and 2017. In all other years, the PEDC was presented as a discretely presented component unit. Page 228 Item 9. TABLE 1 95 Fiscal Year 2019 2020 2021 2022 2023 2024 $ 150,815 $ 169,774 $ 211,506 $ 268,677 $ 327,744 $ 381,498 1,945 5,534 6,231 3,746 6,408 7,354 14,750 18,455 33,508 28,128 19,206 28,200 $ 167,510 $ 193,763 $ 251,245 $ 300,551 $ 353,358 $ 417,052 $ 112,197 $ 127,806 $ 147,067 $ 179,568 $ 199,461 $ 236,209 - - - - 1,925 3,355 12,178 14,758 24,909 20,336 25,164 27,981 $ 124,375 $ 142,564 $ 171,976 $ 199,904 $ 226,550 $ 267,545 $ 263,012 $ 297,580 $ 358,573 $ 448,245 $ 527,205 $ 617,707 1,945 5,534 6,231 3,746 8,333 10,709 26,928 33,213 58,417 48,464 44,370 56,181 $ 291,885 $ 336,327 $ 423,221 $ 500,455 $ 579,908 $ 684,597 Page 229 Item 9. TOWN OF PROSPER, TEXAS CHANGE IN NET POSITION LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) (AMOUNTS EXPRESSED IN THOUSANDS) (UNAUDITED) 96 Fiscal Year 2015 2016 2017 2018 (A) Expenses Governmental activities: General government $ 4,376 $ 4,884 $ 5,884 $ 5,632 Public safety 6,129 7,027 9,256 10,853 Public works 3,495 6,701 5,974 4,836 Community services 2,747 2,973 3,357 5,226 Development services - 922 1,880 4,205 Interest on long-term debt 1,470 1,571 1,774 2,297 Total governmental activities expenses 18,217 24,078 28,125 33,049 Business-type activities: Water, sewer, solid waste and stormwater drainage 9,282 10,522 15,209 19,486 Total business-type activities expenses 9,282 10,522 15,209 19,486 Total primary government expenses 27,499 34,600 43,334 52,535 Program Revenues Governmental activities: Charges for services: General government 3,428 7,818 4,759 1,018 Public safety 628 796 899 518 Public works - - - - Community services 42 99 150 227 Development services - - - 4,673 Operating grants and contributions 101 127 198 138 Capital grants and contributions 7,907 12,080 6,870 9,965 Total governmental activities program revenues 12,106 20,920 12,876 16,539 Business-type activities: Charges for services: Water, sewer, solid waste and stormwater drainage 10,917 13,495 14,539 19,200 Operating grants and contributions - - - - Capital grants and contributions - - 5,949 12,743 Total business-type activities program revenues 10,917 13,495 20,488 31,943 Total primary government program revenues 23,023 34,415 33,364 48,482 Net (expense) revenue: Governmental activities (6,111)(3,158)(15,249)(16,510) Business-type activities 1,635 2,973 5,279 12,457 Total primary government net expense $(4,476) $(185) $(9,970) $(4,053) Page 230 Item 9. TABLE 2 97 Fiscal Year 2019 2020 2021 2022 2023 2024 $ 7,937 $ 12,036 $ 10,516 $ 15,610 $ 16,246 $ 18,921 12,013 14,830 16,969 19,176 23,880 28,746 5,645 6,907 9,924 18,904 17,173 14,539 4,687 5,297 5,852 6,733 7,516 9,035 2,715 2,413 3,622 3,543 3,220 6,175 3,070 3,089 3,691 3,199 3,664 5,008 36,067 44,572 50,574 67,165 71,699 82,424 23,305 24,772 27,480 30,988 37,222 43,356 23,305 24,772 27,480 30,988 37,222 43,356 59,372 69,344 78,054 98,153 108,921 125,780 1,937 1,646 2,013 1,525 2,903 3,782 567 661 1,361 1,560 1,434 1,837 5,609 7,447 9,252 10,011 7,668 6,095 310 113 413 546 691 665 3,882 4,523 6,818 5,295 4,725 5,344 156 1,253 2,488 522 1,812 579 13,358 16,677 39,618 46,893 40,189 48,581 25,819 32,320 61,963 66,352 59,422 66,883 21,126 24,225 26,666 32,492 35,014 39,628 - - 8 2 3,988 8,888 18,358 19,031 31,012 26,838 23,765 34,319 39,484 43,256 57,686 59,332 62,767 82,835 65,303 75,576 119,649 125,684 122,189 149,718 (10,248)(12,252) 11,389 (813)(12,277)(15,541) 16,179 18,484 30,206 28,344 25,545 39,479 $ 5,931 $ 6,232 $ 41,595 $ 27,531 $ 13,268 $ 23,938 (continued) Page 231 Item 9. TOWN OF PROSPER, TEXAS CHANGE IN NET POSITION LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) (AMOUNTS EXPRESSED IN THOUSANDS) (UNAUDITED) 98 Fiscal Year 2015 2016 2017 2018 General Revenues and Other Changes in Net Position Governmental activities: Taxes Property taxes $ 9,967 $ 12,880 $ 14,668 $ 17,339 Sales taxes 3,270 5,609 7,038 7,074 Franchise fees 737 737 967 1,706 Investment income 141 277 431 658 Miscellaneous 500 282 428 164 Transfers 521 (1,751)(5,622) 1,358 Special item - - - - Total governmental activities 15,136 18,034 17,910 28,299 Business-type activities: Investment income 79 76 161 338 Miscellaneous income 115 116 105 178 Transfers (521) 1,751 5,622 (1,358) Total business-type activities (327) 1,943 5,888 (842) Total primary government 14,809 19,977 23,798 27,457 Change in Net Position Governmental activities 9,025 14,876 2,661 11,789 Business-type activities 1,308 4,916 11,167 11,615 Total primary government $ 10,333 $ 19,792 $ 13,828 $ 23,404 Source: Town financial statements Notes: (A) In 2018, the Town reclassified the Inspections, Code Enforcement, and Planning departments from General Government to Economic Development. Figures are as originally presented in each fiscal year's financial statements. No restatements have been made for prior period adjustments identified in the subsequent fiscal year. The Prosper Economic Development Corporation (PEDC) was presented as a blended component unit in fiscal years 2016 and 2017. In all other years, the PEDC was presented as a discretely presented component unit. Page 232 Item 9. TABLE 2 (continued) 99 Fiscal Year 2019 2020 2021 2022 2023 2024 $ 21,273 $ 24,479 $ 26,865 $ 30,713 $ 38,596 $ 45,951 8,476 10,359 13,957 16,323 17,514 19,540 1,671 1,795 1,961 2,427 2,931 3,624 1,269 736 250 (100) 4,622 7,010 214 248 206 513 186 1,176 491 936 892 569 1,235 1,934 - - 1,500 - - - 33,394 38,553 45,631 50,445 65,084 79,235 749 348 65 (138) 1,920 2,955 221 293 495 291 416 494 (491)(936)(892)(569)(1,235)(1,934) 479 (295)(332)(416) 1,101 1,515 33,873 38,258 45,299 50,029 66,185 80,750 23,146 26,301 57,020 49,632 52,807 63,694 16,658 18,189 29,874 27,928 26,646 40,994 $ 39,804 $ 44,490 $ 86,894 $ 77,560 $ 79,453 $ 104,688 Page 233 Item 9. TOWN OF PROSPER, TEXAS FUND BALANCES OF GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) (AMOUNTS EXPRESSED IN THOUSANDS) (UNAUDITED) 100 Fiscal Year 2015 2016 2017 2018 General Fund Nonspendable $ 2 $ 3 $ 61 $ 15 Committed 2,588 2,966 3,696 4,660 Assigned - - - - Unassigned 4,978 7,059 8,547 8,139 Total General Fund $ 7,568 $ 10,028 $ 12,304 $ 12,814 All Other Governmental Funds Restricted Debt service $ 1,470 $ 1,842 $ 2,148 $ 2,558 TIRZ - - - - Streets - - - - Capital projects 29,835 31,040 18,009 20,152 Public safety - 33 35 44 Grants - - - - Parks - - - - Other - - - - Committed - - - - Assigned 2,297 7,786 10,316 3,505 Total All Other Governmental Funds $ 33,602 $ 40,701 $ 30,508 $ 26,259 Source: Town financial statements Notes: Figures are as originally presented in each fiscal year's financial statements. No restatements have been made for prior period adjustments identified in the subsequent fiscal year. The Prosper Economic Development Corporation (PEDC) was presented as a blended component unit in fiscal years 2016 and 2017. In all other years, the PEDC was presented as a discretely presented component unit. Page 234 Item 9. TABLE 3 101 Fiscal Year 2019 2020 2021 2022 2023 2024 $ 18 $ 14 $ 42 $ 112 $ 144 $ 484 4,752 5,576 6,127 7,207 8,903 9,953 - - 3,845 4,328 2,955 1,612 5,111 8,333 10,229 7,279 2,688 1,178 $ 9,881 $ 13,923 $ 20,243 $ 18,926 $ 14,690 $ 13,227 $ 2,557 $ 2,620 $ 2,640 $ 683 $ 1,303 $ 1,245 - - - - - 2,568 - - - - - 44,917 33,032 26,850 67,586 85,521 91,841 - 47 733 1,076 1,188 1,136 12,723 - 1 3 27 251 - - 2,660 2,895 2,141 2,334 20,110 - 255 614 212 1,845 2,043 - - - - - 16,607 3,278 - - - - - $ 38,914 $ 33,119 $ 74,814 $ 89,772 $ 98,710 $ 100,213 Page 235 Item 9. TOWN OF PROSPER, TEXAS CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) (AMOUNTS EXPRESSED IN THOUSANDS) (UNAUDITED) 102 Fiscal Year 2015 2016 2017 2018 Revenues Taxes $ 13,991 $ 18,545 $ 23,306 $ 26,156 Licenses and permits 2,645 3,116 3,082 5,468 Charges for services 234 439 602 742 Impact fees 6,021 9,612 4,432 5,283 Escrow income 599 3,558 85 13 Intergovernmental 29 56 748 493 Investment income 140 276 379 671 Fines, fees, warrants and seizures 1,194 1,531 2,091 424 Park fees - - - - Contributions 1,358 2,539 1,459 372 Miscellaneous 481 281 428 163 Total revenues 26,692 39,953 36,612 39,785 Expenditures General government 4,755 5,024 5,900 5,659 Public safety 5,722 6,693 8,873 10,243 Public works 1,424 4,447 3,541 4,210 Community services 1,931 2,159 2,460 4,810 Development services - 948 1,709 7,364 Capital outlay 10,104 21,565 23,767 18,782 Debt service Principal 1,623 1,860 2,363 2,554 Interest 1,227 1,526 1,788 2,428 Bond issue costs and fees 336 153 157 30 Total expenditures 27,122 44,375 50,558 56,080 Excess (deficiency) of revenues over (under) expenditures (430)(4,422)(13,946)(16,295) Other Financing Sources (Uses) Issuance of debt 20,918 13,440 10,575 16,305 Premium on issuance of bonds 2,397 1,322 1,156 924 Payments to bond escrow agent (10,482)(2,988) - - Issuance of leases and SBITA - - - - Insurance proceeds - - - - Transfer in 4,104 11,704 6,928 9,975 Transfer out (4,154)(13,457)(12,630)(9,696) Total other financing sources (uses) 12,783 10,021 6,029 17,508 Special Item - - - - Net change in fund balances $ 12,353 $ 5,599 $(7,917) $ 1,213 Debt service as a percentage of noncapital expenditures 16.7%14.8%15.5%13.4% Source: Town Financial Statements Page 236 Item 9. TABLE 4 103 Fiscal Year 2019 2020 2021 2022 2023 2024 $ 31,336 $ 36,551 $ 42,779 $ 49,496 $ 58,420 $ 69,593 4,739 5,552 8,146 6,679 6,435 6,296 713 589 1,190 1,080 1,361 1,559 5,569 7,423 9,242 10,008 7,663 8,545 648 501 580 - 845 167 2,942 1,068 2,678 442 442 482 511 679 238 (76) 4,369 6,677 1,219 328 301 269 431 470 - - 410 593 695 705 994 185 526 1,298 2,361 6,432 230 227 278 491 165 937 48,901 53,103 66,368 70,280 83,187 101,863 8,768 12,583 11,983 15,237 16,328 17,536 11,561 15,269 15,895 18,995 23,137 26,243 3,308 4,676 4,985 12,571 9,414 5,352 3,885 4,359 5,082 7,273 6,955 7,333 2,634 2,634 3,580 3,585 3,237 6,083 18,748 21,608 19,313 20,304 45,548 61,127 3,197 3,819 4,275 8,558 7,842 9,606 2,752 3,192 3,404 4,493 5,598 6,866 240 174 484 317 377 360 55,093 68,314 69,001 91,333 118,436 140,506 (6,192)(15,211)(2,633)(21,053)(35,249)(38,643) 17,135 10,875 43,110 31,600 37,630 33,925 1,019 1,695 4,684 2,375 1,939 2,833 - - - - (2,247) - - - - 454 1,373 817 - - - 22 21 239 8,805 2,955 6,397 10,253 13,379 4,816 (10,037)(2,019)(5,505)(9,684)(12,144)(3,947) 16,922 13,506 48,686 35,020 39,951 38,683 - - 1,500 - - - $ 10,730 $(1,705) $ 47,553 $ 13,967 $ 4,702 $ 40 16.4%15.0%15.5%18.4%18.4%20.8% Notes: Figures are as originally presented in each fiscal year's financial statements. No restatements have been made for prior period adjustments identified in the subsequent fiscal year. The Prosper Economic Development Corporation (PEDC) was presented as a blended component unit in fiscal years 2016 and 2017. In all other years, the PEDC was presented as a discretely presented component unit. Page 237 Item 9. TOWN OF PROSPER, TEXAS TABLE 5 GENERAL GOVERNMENTAL TAX REVENUES BY SOURCE LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) (AMOUNTS EXPRESSED IN THOUSANDS) (UNAUDITED) 104 Fiscal Property Sales Franchise Year Tax Tax Fee Total 2015 $ 9,984 $ 3,270 $ 737 $ 13,991 2016 12,199 5,609 737 18,545 2017 15,301 7,038 967 23,306 2018 17,376 7,074 1,706 26,156 2019 21,188 8,476 1,672 31,336 2020 24,397 10,359 1,795 36,551 2021 26,861 13,957 1,961 42,779 2022 30,747 16,323 2,426 49,496 2023 37,976 17,513 2,931 58,420 2024 46,429 19,540 3,624 69,593 Source: Town Financial Statements Page 238 Item 9. TOWN OF PROSPER, TEXAS TABLE 6 ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS (AMOUNTS EXPRESSED IN THOUSANDS) (UNAUDITED) 105 Taxable Estimated Total Assessed Fiscal Total Estimated Estimated Market Value Less:Total Taxable Direct Value as a % Year Market Value Market Value Personal Tax Exempt Assessed Tax of Estimated Ended as Assessed Real Property Personal Property Value Rate Market Value 2015 $ 2,571,540 $ 2,515,525 $ 56,015 $ 686,635 $ 1,884,905 0.52000 73.30% 2016 3,306,744 3,242,618 64,126 994,179 2,312,565 0.52000 69.93% 2017 3,881,824 3,798,498 83,326 1,258,940 2,622,884 0.52000 67.57% 2018 4,834,664 4,719,450 115,214 1,486,485 3,348,179 0.52000 69.25% 2019 5,589,410 5,418,879 170,531 1,844,726 3,744,684 0.52000 67.00% 2020 6,263,054 6,054,042 209,012 1,955,590 4,307,464 0.52000 68.78% 2021 7,108,809 6,885,262 223,547 2,310,423 4,798,386 0.52000 67.50% 2022 7,977,384 7,746,455 230,929 2,482,138 5,495,246 0.51000 68.89% 2023 10,543,817 10,248,747 295,070 4,047,064 6,496,753 0.51000 61.62% 2024 14,211,511 13,872,714 338,797 5,876,214 8,335,297 0.51000 58.65% Source: Collin and Denton County Appraisal Districts Certified Totals and Collin County Tax Assessor-Collector Tax Rolls Taxable Assessed Values are net of local option over-65 exemptions, state mandated agricultural exemptions and disabled veterans' exemptions. This amount may include senior tax freeze ceiling amounts. Page 239 Item 9. TOWN OF PROSPER, TEXAS PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS (PER $100 OF ASSESSED VALUE) LAST TEN FISCAL YEARS (UNAUDITED) 106 Town of Prosper Tax Rate 1 Overlapping Tax Rates 2 Fiscal General Debt Prosper Collin Year Government Service Total ISD County 2015 0.356301 0.163699 0.520000 1.670000 0.235000 2016 0.361074 0.158926 0.520000 1.670000 0.225000 2017 0.367500 0.152500 0.520000 1.670000 0.208395 2018 0.367500 0.152500 0.520000 1.670000 0.192246 2019 0.367500 0.152500 0.520000 1.670000 0.180785 2020 0.367500 0.152500 0.520000 1.568350 0.174951 2021 0.367500 0.152500 0.520000 1.492700 0.172531 2022 0.328000 0.182000 0.510000 1.460300 0.168087 2023 0.329830 0.180170 0.510000 1.442900 0.152443 2024 0.332742 0.177258 0.510000 1.257500 0.149343 Source: Collin County and Denton County Appraisal Districts. 1 Tax rate is per $100 of taxable assessed value. 2 Overlapping tax rates are those of local and county governments that apply to property owners within the Town. Page 240 Item 9. TABLE 7 107 Total Direct and Total Direct and Overlapping Tax Rates 2 Overlapping Overlapping Collin Denton Rates Rates College County Collin County Denton County 0.081960 0.272200 2.506960 2.462200 0.081960 0.262000 2.496960 2.452000 0.081222 0.248409 2.479617 2.438409 0.079810 0.237812 2.462056 2.427812 0.081222 0.225574 2.452007 2.415574 0.081222 0.225278 2.344523 2.313628 0.081222 0.224985 2.266453 2.237685 0.081222 0.233086 2.219609 2.203386 0.081220 0.217543 2.186563 2.170443 0.081220 0.189485 1.998063 1.956985 Page 241 Item 9. TOWN OF PROSPER, TEXAS TABLE 8 PROPERTY TAX LEVIES AND COLLECTION LAST TEN FISCAL YEARS (UNAUDITED) 108 Collections within the Fiscal Total Tax Fiscal Year of the Levy Total Collections to Date Year Levy for Percentage Collections in Percentage Ended Fiscal Year 1 Amount of Levy Subsequent Years Amount of Levy 1 2015 $ 9,730,516 $ 9,704,426 99.7% $ 417,150 $ 10,121,576 104.0% 2016 12,052,689 11,922,739 98.9% 387,630 12,310,369 102.1% 2017 14,077,378 14,052,156 99.8% 313,892 14,366,048 102.1% 2018 17,168,258 17,119,197 99.7% 347,218 17,466,415 101.7% 2019 20,643,714 20,590,864 99.7% 448,520 21,039,384 101.9% 2020 23,743,003 23,705,358 99.8% 407,562 24,112,920 101.6% 2021 26,445,321 26,370,441 99.7% 558,548 26,928,989 101.8% 2022 30,114,813 30,045,405 99.8% 420,719 30,466,124 101.2% 2023 37,259,783 37,161,161 99.7%(92,968) 37,068,193 99.5% 2024 46,190,471 45,184,510 97.8% - 45,184,510 97.8% Note: Taxes stated are for General Fund and Debt Service Funds. 1 Tax Levy is the original levy as of certification date, and does not include adjustments. The percentage of levy collected may be greater than 100% as payments that relate to levy adjustments are collected. Page 242 Item 9. TOWN OF PROSPER, TEXAS TABLE 9 PRINCIPAL WATER AND SEWER CUSTOMERS CURRENT YEAR (UNAUDITED) 109 2024 Percentage Consumption of Total Customer (Thousands)Rank Consumption Windsong Ranch Community Association 56,636 1 2.0% Town of Prosper 51,602 2 1.8% PISD 44,105 3 1.6% Orion Prosper LLC 30,277 4 1.1% GOP #2, LLC 20,121 5 0.7% Siteone Landscape Supply 14,218 6 0.5% Super Splash LLC 13,409 7 0.5% Gentle Creek Estates Residential HOA 11,937 8 0.4% Cook Children's Hospital 10,935 9 0.4% Lakewood HOA 10,716 10 0.4% All Other Customers 2,555,299 90.6% Total Consumption 2,819,255 100.0% Source: Town of Prosper Utility Customer Service annual consumption report. Page 243 Item 9. TOWN OF PROSPER, TEXAS TABLE 10 PRINCIPAL PROPERTY TAXPAYERS CURRENT YEAR AND NINE YEARS AGO (UNAUDITED) 110 2024 2015 Percentage of Percentage of Taxable Total Taxable Taxable Total Taxable Assessed Assessed Assessed Assessed Taxpayer Value Rank Value Value Rank Value 380 & 289, LP $ 97,243,028 1 1.17% $ - - GOP #2 LLC 86,459,564 2 1.04% - Orion Prosper Lakes LLC 68,610,636 3 0.82% - - DD Bluestem LLC 68,400,000 4 0.82% - - GOP Multifamily LLC 61,499,384 5 0.74% - - Orion Prosper LLC 53,637,255 6 0.64% - - 289 (Preston) & 380 LP 49,879,759 7 0.60% - Crossland Texas Industrial LLC 35,378,312 8 0.42% - - RYSE Up Sports Nutrition LLC 31,921,150 9 0.38% - - Alderes at Prosper Property LLC 31,711,449 10 0.38% - - Western Rim Investors LP - - 49,855,252 1 2.64% D R Horton - Texas LTD - - 13,134,935 2 0.70% Meritage Homes of Texas LLC - - 11,883,750 3 0.63% Prosper Land Company LTD - - 11,456,388 4 0.61% Megatel Homes Inc - - 8,544,188 5 0.45% Rosebriar Prosper Plaza LP - - 8,415,707 6 0.45% Five Sac Self-Storage Corp - - 8,403,822 7 0.45% Darling Homes of Texas LLC - - 8,152,479 8 0.43% Saddle Creek Investments LTD - - 7,202,025 9 0.38% First Texas Homes Inc - - 6,439,444 10 0.34% Totals $ 584,740,537 7.01% $ 133,487,990 7.08% Source: Collin and Denton County Appraisal Districts Page 244 Item 9. 111 Page 245 Item 9. TOWN OF PROSPER, TEXAS RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS (AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER CAPITA AMOUNT) (UNAUDITED) 112 Governmental Activities General Certificates Fiscal Obligation of Tax Premiums/ Year Bonds Obligation Notes Leases SBITA Discounts 2015 $ 25,214 $ 9,678 $ 725 $ - $ - $ 2,852 2016 29,095 16,384 365 - - 3,984 2017 30,477 28,444 - - - 4,865 2018 30,597 37,210 - - - 5,796 2019 32,816 48,930 - - - 6,122 2020 30,789 58,013 - - - 7,425 2021 65,020 62,616 - - - 11,587 2022 90,105 60,640 - 387 - 12,790 2023 120,275 58,636 - 324 824 12,018 2024 147,695 56,255 - 709 414 12,258 Note: Details regarding the Town's outstanding debt can be found in the notes to the financial statements. 1 See the Schedule of Demographic and Economic Statistics for personal income and population data. N/A: Data not available at the time of this publication. Page 246 Item 9. TABLE 11 113 Business-Type Activities General Certificates Total Percentage Obligation of Revenue Premiums/Primary of Personal Per Bonds Obligation Bonds Discounts Government Income1 Capita1 $ 33,106 $ - $ - $ 1,938 $ 73,513 135.1% $ 4,603 8,145 22,966 - 1,995 82,934 144.3% 4,662 8,081 23,988 - 1,951 97,806 157.6% 4,851 6,388 31,505 - 2,360 113,856 172.0% 5,027 5,600 34,490 - 2,427 130,385 184.0% 5,087 4,821 32,657 - 2,281 135,986 178.0% 4,792 4,020 30,979 - 2,090 176,312 227.5% 5,671 3,176 26,120 - 1,754 194,972 203.7% 5,506 5,140 42,354 - 2,179 241,750 232.8% 6,224 3,945 40,445 29,670 4,219 295,610 N/A 6,940 Page 247 Item 9. TOWN OF PROSPER, TEXAS TABLE 12 RATIOS OF GENERAL BONDED DEBT OUTSTANDING LAST TEN FISCAL YEARS (AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER CAPITA AMOUNT) (UNAUDITED) 114 Percentage of General Certificates Less: Amounts Actual Taxable Fiscal Obligation of Available in Debt Value of Per Year Bonds 1 Obligation 3 Service Funds Total Property 1 Capita 2 2015 $ 58,320 $ 9,678 $ 1,470 $ 66,528 3.53% $ 4,166 2016 37,240 39,350 1,842 74,748 3.23% 4,202 2017 38,558 52,432 2,148 88,842 3.39% 4,407 2018 36,985 68,715 2,558 103,142 3.08% 4,554 2019 38,416 83,420 2,557 119,279 3.19% 4,654 2020 35,610 90,670 2,620 123,660 2.87% 4,357 2021 69,040 93,595 2,640 159,995 3.33% 5,146 2022 93,281 86,760 683 179,358 3.26% 5,065 2023 125,415 100,990 1,303 225,102 3.46% 5,796 2024 151,640 96,700 1,245 247,095 2.96% 5,801 Note: Details regarding the Town's outstanding debt can be found in the notes to the financial statements. 1 See schedule of Assessed Value and Estimated Actual Value of Taxable Property for property value data. 2 Population data can be found in the Schedule of Demographic and Economic Statistics. 3 The amounts include the premium portions of the debt. Page 248 Item 9. TOWN OF PROSPER, TEXAS TABLE 13 DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT AS OF SEPTEMBER 30, 2024 (UNAUDITED) 115 Estimated Estimated Share of Debt Percentage Overlapping Governmental Unit Outstanding Applicable Debt Debt repaid with property rates: Prosper Independent School District $ 1,937,492,968 45.30% $ 877,684,315 Collin County 841,715,000 3.41% 28,702,482 Collin College 459,865,000 3.41% 15,681,396 Denton Independent School District 2,104,582,488 1.68% 35,356,986 Denton County 673,670,000 1.81% 12,193,427 Subtotal - overlapping debt 6,017,325,456 969,618,606 Town of Prosper direct debt $ 203,949,897 100.00% 203,949,897 Total direct and overlapping debt $ 1,173,568,503 Source: Municipal Advisory Council of Texas Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the Town. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the Town of Prosper. This process recognized that, when considering the Town's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government. Page 249 Item 9. TOWN OF PROSPER, TEXAS TAX RATE INFORMATION LAST TEN FISCAL YEARS (RATES ROUNDED TO 4 PLACES) (UNAUDITED) 116 Fiscal Year 2015 2016 2017 2018 2019 Tax Rate Limit $ 2.5000 $ 2.5000 $ 2.5000 $ 2.5000 $ 2.5000 Total Tax Rate 0.5200 0.5200 0.5200 0.5200 0.5200 Available Tax Rate $ 1.9800 $ 1.9800 $ 1.9800 $ 1.9800 $ 1.9800 Note: For FY 2018-Present, under Article XI, Section 5 of the Texas Constitution, the maximum tax rate under a home rule charter is $2.50 per $100 assessed valuation. Page 250 Item 9. TABLE 14 117 Fiscal Year 2020 2021 2022 2023 2024 $ 2.5000 $ 2.5000 $ 2.5000 $ 2.5000 $ 2.5000 0.5200 0.5200 0.5100 0.5100 0.5100 $ 1.9800 $ 1.9800 $ 1.9900 $ 1.9900 $ 1.9900 Page 251 Item 9. TOWN OF PROSPER, TEXAS TABLE 15 WATER AND SEWER COVERAGE RATIO LAST TEN FISCAL YEARS (UNAUDITED) 118 Annual Debt Service Requirements Fiscal Year Total Operating Revenue Direct Operating Expense Net Revenue Available for Debt Service Principal Interest Total Coverage 2015 $ N/A $ N/A $ N/A $ N/A $ N/A $ N/A N/A 2016 N/A N/A N/A N/A N/A N/A N/A 2017 N/A N/A N/A N/A N/A N/A N/A 2018 N/A N/A N/A N/A N/A N/A N/A 2019 N/A N/A N/A N/A N/A N/A N/A 2020 N/A N/A N/A N/A N/A N/A N/A 2021 N/A N/A N/A N/A N/A N/A N/A 2022 N/A N/A N/A N/A N/A N/A N/A 2023 32,073,289 24,052,230 8,021,059 2,715,995 1,569,208 4,285,203 187% 2024 $ 34,016,826 $ 27,595,288 $ 6,421,538 $ 2,984,279 $ 1,883,564 $ 4,867,843 132% Source: Town Financial Statements and Debt Service Schedules Notes: Direct operating expense excludes depreciation and amortization. Until fiscal year 2024, the town issued Certificates of Obligations with a General Obligation pledge. These bonds are intended to be repaid with waster and sewer system revenues. Fiscal years 2023 and 2024 added for informational purposes and contain only Certificate of Obligation dept services amounts with Revenue Bond amounts to be included beginning fiscal year 2025. In fiscal year 2024, the town issued Water and Sewer System Revenue Bonds for the first time. At September 30, 2024, the reserve requirement related to Water and Sewer System Revenue Bonds was $577,675 Page 252 Item 9. TOWN OF PROSPER, TEXAS TABLE 16 DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN FISCAL YEARS (UNAUDITED) 119 Personal Per Income 2 Capita Fiscal (expressed in Personal School Unemployment Year Population 1 thousands)Income 2 Enrollment 3 Rate 4 2015 15,970 $ 54,420 $ 59,532 7,060 4.0% 2016 17,790 57,483 61,179 8,254 4.0% 2017 20,160 62,078 64,025 9,970 3.5% 2018 22,650 66,212 65,874 12,081 3.5% 2019 25,630 70,852 68,474 14,287 3.2% 2020 28,380 76,381 71,246 16,857 6.9% 2021 31,090 77,500 77,006 19,138 4.5% 2022 35,410 95,701 82,593 21,780 3.4% 2023 38,840 103,829 86,860 24,994 3.8% 2024 42,598 N/A N/A 28,467 3.9% 1 Population data estimates from the North Central Texas Council of Governments and Town of Prosper. 2 Personal income and per capita personal income data not available specific to Prosper. Per capita personal income was obtained from www.bea.gov for Collin County. 3 Enrollment data comes from Prosper Independent School District. 4 September unemployment rate for Dallas-Plano-Irving, TX Metropolitan Division from the U.S. Bureau of Labor Statistics N/A: Data not available at the time of this publication. Page 253 Item 9. TOWN OF PROSPER, TEXAS TABLE 17 PRINCIPAL EMPLOYERS CURRENT YEAR AND NINE YEARS AGO (UNAUDITED) 120 2024 Percentage of Total Town Employer Employees Rank Employment Prosper ISD 3,850 1 51.4% Cook's Childrens 510 2 6.8% Kroger (2 locations) 500 3 6.7% Chik Fil A (2 locations) 240 4 3.2% Town of Prosper 384 5 5.1% WalMart 270 6 3.6% Home Depot 185 7 2.5% Target 160 8 2.1% Lowe's 150 9 2.0% Texas Health Resources 120 10 1.6% Total 6,369 85.00% 2015 Percentage of Total Town Employer Employees Rank Employment Prosper ISD 975 1 58.8% Town of Prosper 139 2 8.4% Gentle Creek 52 3 3.1% ProBuild 48 4 2.9% Precision Landscape 45 5 2.7% Dairy Manufacturers, Inc 38 6 2.3% Mahard Egg Farm 31 7 1.9% RE/MAX Performance Group 30 8 1.8% Crossland Construction 30 9 1.8% Lattimore Materials 21 10 1.3% Total 1,409 85.0% Source: Prosper EDC * Employment data is not captured by the workforce commission due to Town's population. Assumes that 15% of the town's workforce does not work for the top 10 employers. Page 254 Item 9. 121 Page 255 Item 9. TOWN OF PROSPER, TEXAS OPERATING INDICATORS BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS (DOLLAR AMOUNTS BELOW EXPRESSED IN THOUSANDS) (UNAUDITED) 122 Fiscal Year Function/Program 2015 2016 2017 2018 General Government Building inspection permits Commercial construction Number of units 45 74 108 101 Total dollar value of permits issued $ 50,625 $ 122,799 $ 95,793 $ 112,427 Average value $ 1,125 $ 1,659 $ 887 $ 1,113 Residential Construction Number of units 708 648 715 980 Total dollar value of permits issued $ 313,681 $ 316,039 $ 347,484 $ 474,515 Average value $ 443 $ 488 $ 486 $ 484 Public safety Police Physical arrests 128 163 205 253 Traffic collisions 429 234 322 605 Number of vehicles 15 15 18 20 Fire Number of frontline engines 1 2 2 2 Number of reserve engines 1 2 2 2 Number of frontline trucks - - - - Number of frontline ambulances 1 1 2 2 Number of reserve ambulances 1 1 1 1 Number of frontline brush trucks 1 1 2 2 Number of station 1 2 2 2 Incidents/calls for service 1,245 1,537 1,802 2,185 Fire 30 64 98 97 Overpressure/explosion - 10 10 3 Rescue & EMS 583 797 1,072 1,139 Hazardous condition 37 52 60 58 Service call 136 293 44 438 Good intent call 328 168 265 219 False alarm & false call 131 140 244 229 Severe weather & natural disaster - 13 9 2 Fire marshal Fire inspections 156 966 1,210 1,291 Fire safety programs 24 12 14 17 Municipal court Number of cases filed 2,439 3,147 3,027 3,581 Number of cases closed 3,605 3,534 3,019 3,964 Public works Water and sewer: Linear feet of water lines 627,900 692,447 786,557 920,859 Linear feet of sewer lines 482,838 546,950 619,386 720,466 Number of hydrants N/A N/A 1,523 1,910 Water customers 5,539 6,671 7,784 8,603 Wastewater customers 4,627 5,757 6,770 7,506 Streets: Miles of streets maintained 132 141 153 179 Number of traffic signals 1 2 2 3 Parks Number of parks 21 22 22 23 Number of playgrounds 7 7 8 11 Acreage maintained 178 178 190 218 Source: Town Staff. * The decrease in residential value of permits issued is due to the passage of House Bill 852 that prohibits municipalities from requiring the value of construction in regards to permitting. Since its passage, many builders do not indicate the value of construction when submitting for permits. ** Safety programs shut down due to the effects of pandemic. Page 256 Item 9. TABLE 18 123 Fiscal Year 2019 2020 2021 2022 2023 2024 105 105 120 154 134 113 $ 141,609 $ 114,516 $ 382,091 $ 251,432 $ 188,944 $ 406,234 $ 1,349 $ 1,091 $ 3,184 $ 1,633 $ 1,410 $ 3,595 793 938 1,402 1,011 897 781 $ 246,111 $ 1,257 * $ - $ - $ - $ - $ 310 $ 628 $ - $ - $ - $ - 208 211 222 398 697 782 889 874 1,042 1,395 1,103 1,024 28 28 32 40 43 43 2 2 2 2 3 3 2 2 2 2 2 2 - 1 1 1 1 1 2 2 2 2 3 3 1 1 1 2 1 1 2 2 2 2 2 2 2 2 2 2 3 3 2,107 2,517 3,482 3,759 4,137 4,485 62 74 73 114 80 82 4 1 2 3 3 3 1,110 1,206 1,760 1,966 2,175 2,369 83 103 109 130 151 136 459 622 809 747 869 896 161 246 360 480 476 574 226 256 361 315 378 422 2 9 8 4 5 3 2,022 1,941 2,129 2,549 2,360 2,641 58 ** 29 35 41 40 4,499 2,452 1,899 2,102 3,467 3,833 4,814 3,091 2,584 2,417 4,858 3,911 1,006,066 1,042,324 1,057,959 1,282,189 1,436,160 1,477,057 752,925 822,201 834,534 1,035,039 1,162,748 1,197,630 2,016 2,118 2,150 2,801 2,950 3,453 9,188 10,353 11,766 12,573 13,135 14,773 8,131 9,223 10,640 11,825 12,384 13,462 212 287 330 310 340 351 3 7 9 10 11 11 28 28 29 30 35 34 13 13 14 16 19 19 225.3 245.6 246 480 656 651 Page 257 Item 9. TOWN OF PROSPER, TEXAS FULL-TIME EQUIVALENT TOWN GOVERNMENT EMPLOYEES BY FUNCTION LAST TEN FISCAL YEARS (UNAUDITED) 124 Fiscal Year 2015 2016 2017 2018 GENERAL FUND Administration 9.50 12.00 13.00 17.00 Code Compliance 1.00 1.00 1.00 2.00 Court 2.00 2.50 2.50 3.50 Dispatch 7.50 9.00 9.00 9.00 Engineering 5.00 6.00 6.00 7.00 Facilities - - - - Fire 32.00 33.00 34.00 40.00 Fire Marshal 1.00 1.00 2.00 2.00 Inspections 13.00 13.00 13.00 15.00 Library 3.50 2.50 2.50 6.50 Parks 16.00 18.00 20.00 22.00 Planning 4.00 4.00 4.00 5.00 Police 20.00 22.00 27.00 30.00 Streets 2.00 3.00 3.00 5.00 Total General Fund 116.50 127.00 137.00 164.00 SPECIAL PURPOSE DISTRICT FUNDS Crime Control - - - - Fire Control - - - - Total Special Purpose District Funds - - - - ENTERPRISE FUNDS Storm Drainage 2.00 2.00 2.00 2.00 Utility Billing 2.50 3.00 3.00 4.00 Wastewater 4.00 4.00 7.00 9.00 Water 14.00 15.00 18.00 21.00 Solid Waste - - - - Engineering - - - - Total Enterprise Fund 22.50 24.00 30.00 36.00 CAPITAL PROJECTS FUND 1.00 - - - Total 140.00 151.00 167.00 200.00 Source: Town Annual Budget Page 258 Item 9. TABLE 19 125 Fiscal Year 2019 2020 2021 2022 2023 2024 20.00 21.00 25.00 28.00 34.50 38.25 2.00 3.00 3.00 3.00 4.00 5.00 4.00 4.00 4.00 4.50 4.50 3.50 11.00 11.00 13.00 13.00 15.00 17.00 10.00 12.00 12.00 15.50 15.50 16.50 - - - - 1.00 4.00 29.00 35.00 37.00 41.00 52.00 50.00 3.00 3.00 4.00 4.00 4.00 4.00 16.00 16.00 18.00 20.00 22.00 20.00 6.50 6.50 6.50 7.00 8.00 9.50 26.00 27.00 27.00 32.00 33.00 41.00 5.00 5.00 5.00 5.00 6.00 7.00 24.00 28.00 32.00 31.00 29.00 41.00 6.00 8.00 8.00 10.00 11.00 11.00 162.50 179.50 194.50 214.00 239.50 267.75 12.00 12.00 13.00 19.00 24.00 27.00 12.00 12.00 13.00 18.00 22.00 26.00 24.00 24.00 26.00 37.00 46.00 53.00 2.00 2.00 2.00 2.00 2.00 4.00 4.00 4.00 4.00 5.00 5.00 5.00 12.00 14.00 15.00 16.00 17.00 18.00 24.00 25.00 27.00 29.00 30.00 33.00 - - - - - 1.00 - 4.00 4.00 4.00 6.00 6.00 42.00 49.00 52.00 56.00 60.00 67.00 - - - - - - 228.50 252.50 272.50 307.00 345.50 387.75 Page 259 Item 9. Town of Prosper, Texas Federal Financial Assistance Report For the Fiscal Year Ended September 30, 2024 Page 260 Item 9. Town of Prosper, Texas Federal Single Audit Report For the Fiscal Year Ended September 30, 2024 Table of Contents Page Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 1 Independent Auditor's Report on Compliance for Each Major Federal Program; Report on Internal Control over Compliance; and on the Schedule of 3 Expenditures of Federal Awards Required by the Uniform Guidance Schedule of Audit Findings and Questioned Costs 6 Schedule of Expenditures of Federal Awards 8 Notes to Schedule of Expenditures of Federal Awards 9 Page 261 Item 9. 2300 North Field Street, Suite 1000 Dallas, Texas 75201 972-490-1970 Weaver and Tidwell, L.L.P. 1 CPAs AND ADVISORS | WEAVER.COM Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards To the Honorable Mayor and Members of the Town Council Town of Prosper, Texas We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of Town of Prosper, Texas, (the Town) as of and for the year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the Town’s basic financial statements, and have issued our report thereon dated March 21, 2025. Report on Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Town’s internal control over financial reporting (internal control) as a basis for designing procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Town’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Town’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that have not been identified. Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the Town’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Page 262 Item 9. The Town Council Town of Prosper, Texas 2 Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. WEAVER AND TIDWELL, L.L.P. Dallas, Texas March 21, 2025 Page 263 Item 9. 2300 North Field Street, Suite 1000 Dallas, Texas 75201 972-490-1970 3 Independent Auditor’s Report on Compliance for Each Major Federal Program; Report on Internal Control over Compliance; and on the Schedule of Expenditures of Federal Awards Required by Uniform Guidance To the Honorable Mayor and Members of the Town Council Town of Prosper, Texas Report on Compliance for Each Major Federal Program Opinion on Each Major Federal Program We have audited the Town of Prosper, Texas (the Town)’s compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the Town’s major federal programs for the year ended September 30, 2024. The Town’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs. In our opinion, the Town complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended September 30, 2024. Basis for Opinion on Each Major Federal Program We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards); and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report. We are required to be independent of the Town and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal determination of the Town’s compliance with the compliance requirements referred to above. Responsibilities of Management for Compliance Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the Town’s federal programs. Page 264 Item 9. The Town Council Town of Prosper, Texas 4 Auditor’s Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the Town’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the Town’s compliance with the requirements of each major federal program as a whole. In performing an audit in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance, we:  Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the Town’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  Obtain an understanding of the Town’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the Town’s internal control over compliance. Accordingly, no such opinion is expressed. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Report on Internal Control Over Compliance A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Page 265 Item 9. The Town Council Town of Prosper, Texas 5 Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified. Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. Government Auditing Standards requires the auditor to perform limited procedures on the Town’s response to the internal control over compliance findings identified in our audit described in the accompanying schedule of findings and questioned costs. The Town’s response was not subjected to the other auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the Town as of and for the year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the Town’s basic financial statements. We issued our report thereon dated March 21, 2025, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements and certain additional procedures including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole. WEAVER AND TIDWELL, L.L.P. Dallas, Texas March 21, 2025 Page 266 Item 9. Town of Prosper, Texas Schedule of Audit Findings and Questioned Costs Year Ended September 30, 2024 6 Section I. Summary of Auditor’s Results Basic Financial Statements: An unmodified opinion was issued on the financial statements. Internal control over financial reporting:  Material weakness(es) identified? Yes X No  Significant deficiency(ies) identified that is (are) not considered to be material weakness(es)? Yes X None reported Noncompliance which is material to the basic financial statements noted? Yes X No Federal Awards: Internal control over major programs:  Material weakness(es) identified? Yes X No  Significant deficiency(ies) identified that is (are) not considered to be material weakness(es)? Yes X None reported An unmodified opinion was issued on compliance for major programs. Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516(a)? Yes X No Identification of major programs: Assistance Listing Number(s) Name of Federal Programs or Cluster 11.307 Economic Development Cluster 21.027 COVID-19- Coronavirus State and Local Fiscal Recovery Funds Dollar threshold used to distinguish Between type A and type B programs: $750,000 Auditee qualified as low-risk auditee? Yes X No Page 267 Item 9. Town of Prosper, Texas Schedule of Audit Findings and Questioned Costs Year Ended September 30, 2024 7 Section II. Financial Statement Findings There were no findings for the year ended September 30, 2024. Section III. Federal Awards Findings and Questioned Costs There were no findings for the year ended September 30, 2024. Section IV. Schedule of Prior Year Findings and Questioned Costs There were no finding for the year ended September 30, 2023. Page 268 Item 9. Town of Prosper, Texas Schedule of Expenditures of Federal Awards Year Ended September 30, 2024 8 Assistance Listing Grant/ Grantor/Pass-Through Grantor/Program Title Number Contract Number Expenditures FEDERAL AWARDS U.S. DEPARTMENT OF TRANSPORTATION: National Highway Traffic Safety Administration: Passed Through Texas Department of Transportation: State and Community Highway Safety (Highway Safety Cluster) 20.600 2023-ProsperPD-S-1YG-00105 11,935$ TOTAL U.S. DEPARTMENT OF TRANSPORTATION 11,935 U.S. DEPARTMENT OF HOMELAND SECURITY: Federal Emergency Management Administration: 2022 SHSP - SWAT Communication Headsets 97.067 EMW-2022-SS-00021 15,276 TOTAL U.S. DEPARTMENT OF HOMELAND SECURITY 15,276 U.S. DEPARTMENT OF JUSTICE: Passed Through Texas Office of the Governor - Criminal Justice Division: General Victim Assistance Direct Services Program- 2024 16.575 15POVC-22-GG-00807-ASSI 68,250 TOTAL U.S. DEPARTMENT OF JUSTICE 68,250 U.S. DEPARTMENT OF COMMERCE: Economic Development Administration: EDA Public Works Infrastructure Grant (Lower Pressure Plane) 11.307 08-79-05522 2,785,919 EDA FY 2021 American Rescue Plan Act Economic Adjustment Assistance (Broadband) 11.307 08-69-05611 13,200 Total Economic Development Cluster 2,799,119 TOTAL U.S. DEPARTMENT OF COMMERCE 2,799,119 U.S. DEPARTMENT OF TREASURY: COVID-19- Coronavirus State and Local Fiscal Recovery Funds 21.027 N/A 6,102,367 TOTAL U.S. DEPARTMENT OF TREASURY 6,102,367 TOTAL FEDERAL EXPENDITURES 8,996,947$ Page 269 Item 9. Town of Prosper, Texas Notes to the Schedule of Expenditures of Federal Awards Year Ended September 30, 2024 9 Note 1. Basis of Accounting The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Town of Prosper, Texas (the Town) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The Town's reporting entity is defined in Note 1 to the Town's basic financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule. Note 2. Indirect Cost Rate The Town has elected not to use the 10% de minimis indirect cost rate. Page 270 Item 9. TOWN OF PROSPER, TEXAS RESOLUTION NO. 2025-XX A RESOLUTION BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ACCEPTING THE FISCAL YEAR 2023-2024 INDEPENDENT AUDIT REPORT, ACCOMPANYING ANNUAL COMPREHENSIVE FINANCIAL REPORT, AND SINGLE AUDIT REPORTS RELATED TO GRANT ACTIVIES UNDER UNIFORM GUIDANCE; MAKING FINDINGS; AUTHORIZING PUBLICATION OF THE AUDITS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town Council is required by Section 7.18 of the Town Charter to call for an Independent Audit to be made of all accounts of the Town at the close of each fiscal year, a report of which is to be presented to the Town Council; and WHEREAS, Town staff engaged Weaver and Tidwell LLP., Certified Public Accountants, to complete the Town’s Fiscal Year 2023-2024 Independent Audit; and WHEREAS, the Town Charter requires that upon completion of the audit, a copy of the audited financial statements shall be posted to the Town’s website and copies placed on file in the office of the person performing the duties of Town Secretary, as a public record. 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, Texas, hereby accepts the Town’s Fiscal Year 2023-2024 Annual Comprehensive Financial Report with accompanying audit opinions in compliance with charter requirements. SECTION 2 A copy of the completed audits shall be published immediately on the Town website and copies of the audits placed on file in the office of the person performing the duties of Town Secretary, as a public record. SECTION 3 This Resolution shall take effect from and after the date of its passage. DULY PASSED AND APPROVED, BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ON THIS 25TH DAY OF MARCH, 2025. APPROVED: ___________________________________ David F. Bristol, Mayor Page 271 Item 9. Resolution No. 2025-XX, Page 2 ATTEST: _________________________________ Michelle Lewis Sirianni, Town Secretary APPROVED AS TO FORM AND LEGALITY: _________________________________ Terrence S. Welch, Town Attorney Page 272 Item 9. Page 1 of 2 To: Mayor and Town Council From: Doug Kowalski, Chief of Police Through: Mario Canizares, Town Manager Re: Flock Expansion Drone as First Responder (DFR) Program Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 4. Provide Excellent Municipal Services Agenda Item: Consider and act upon authoring the Town Manager to execute an agreement for additional equipment and services from Flock Inc. to include the expansion of the Drone as First Responder (DFR) program for $307,133. Description of Agenda Item: At the April 20 and June 11, 2024, Town Council Meetings, the Town Council approved the application submittals to the Motor Vehicle Crime Prevention Authority (MVCPA) for the FY24 and FY25 SB224 Catalytic Converter and Taskforce Grant programs. On October 16, 2024, the MVCPA awarded the Town of Prosper a total of $286,400 in awards related to the FY25 Taskforce Grant program, and the award was accepted in November 2024. In conjunction with the MVCPA grant application the Town Council approved an additional $150,000 for the Drone as First Responder program, staff is seeking to initiate a lease in the amount of $307,133 to expand the DFR program with a second DFR and ground-based radar. The expansion allows for 100% DFR coverage for the Town’s prosper jurisdiction and flight operations without visual overserves. These enhancements complete the DFR program for the Town’s buildout. PD staff will be seeking additional grant monies through the Motor Vehicle Crime Prevention Authority (MVCPA) for the FY26 budget. Budget Impact: The cost of $307,133 will be funded mainly by the FY26 Motor Vehicle Crime Prevention Authority (MVCPA) grant with a 80/20 split of $300,000. The Town’s net responsibility specifically to this request is $67,133. The PD will request an additional $307,133 as part of the Town’s FY26 Budget that will be offset by grant revenues of $240,000. Upon approval, allocated funds will be reflected in the FY26 Lease Payments account and will be supplemental equipment to the current leased items from Flock Inc. Legal Obligations and Review: Terrence Welch of Brown & Hofmeister, L.L.P., has approved the attached documents as to form and legality. POLICE DEPARTMENT Page 273 Item 10. Page 2 of 2 Attached Documents: 1. Flock Safety Order Form/Agreement 2. Sole Source Letter Town Staff Recommendation: Town Staff recommends the Town Council approve authoring the Town Manager to execute an agreement for additional equipment and services from Flock Inc. to include the expansion of the Drone as First Responder (DFR) program for $307,133. Proposed Motion: I move to approve authorizing the Town Manager to execute an agreement for additional equipment and services from Flock Inc. to include the expansion of the Drone as First Responder (DFR) program for $307,133. Page 274 Item 10. Flock Safety + TX - Prosper PD ______________ Flock Group Inc. 1170 Howell Mill Rd, Suite 210 Atlanta, GA 30318 ______________ MAIN CONTACT: James Allen james.allen@flocksafety.com (972) 561-6737 Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 275 Item 10. EXHIBIT A ORDER FORM Customer: TX - Prosper PD Initial Term: 12 Months Legal Entity Name: TX - Prosper PD Renewal Term: 24 Months Accounts Payable Email: sbrewer@prospertx.gov Payment Terms: Net 30 Address: 101 S Main St Prosper, Texas 75078 Billing Frequency: Annual Plan - Invoiced at the end of the pilot period. Retention Period: 30 Days PROJECT PROVE IT Customer will have a 90 day opt-out period (“Opt-Out Period”) after implementation of the first Flock Hardware to terminate this Agreement without penalty or fees. After the Opt-Out Period, Customer may not terminate the Agreement, and Customer will pay any invoice(s) for the remainder of the Term, Net 30. Hardware and Software Products Annual recurring amounts over subscription term Item Cost Quantity Total Flock Safety Platform $307,133.00 Flock Safety Drone Hardware and Services Flock Safety DFR 2.0 - 400ft Included 1 Included Professional Services and One Time Purchases Item Cost Quantity Total One Time Fees Subtotal Year 1: $307,133.00 Annual Recurring Subtotal: $307,133.00 Estimated Tax: $0.00 Contract Total: $307,133.00 Taxes shown above are provided as an estimate. Actual taxes are the responsibility of the Customer. This Agreement will automatically renew for successive renewal terms of the greater of one year or the length set forth on the Order Form (each, a “Renewal Term”) unless either Party gives the other Party notice of non-renewal at least thirty (30) days prior to the end of the then-current term. The Term for Flock Hardware shall commence upon first installation and validation, except that the Term for any Flock Hardware that requires self- installation shall commence upon execution of the Agreement. In the event a Customer purchases more than one type of Flock Hardware, the earliest Term start date shall control. In the event a Customer purchases software only, the Term shall commence upon execution of the Agreement. Billing Schedule Billing Schedule Amount (USD) Year 1 Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 276 Item 10. At PPI End Date $307,133.00 Annual Recurring after Year 1 $307,133.00 Contract Total $307,133.00 *Tax not included Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 277 Item 10. Product and Services Description Flock Safety Platform Items Product Description Flock Safety DFR 2.0 - 400ft Drone as First Responder (DFR) 2.0 system, including hardware, software, and services. Hardware includes drone, camera, batte ries, battery- swapping dock, and radar unit. Software includes remote piloting, air traffic awareness, spectator view, mobile app, and community engagement dashboard. Services include FAA regulatory services, SOP development, training, and ongoing support. FlockOS Features & Description FlockOS Features Description Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 278 Item 10. PRODUCT ADDENDUM UNMANNED AIR SUPPORT AS A SERVICE (UASaaS) PROGRAM FOR DRONE RESPONSE SERVICES WHEREAS, Customer has determined that it is in the interests of public safety for it to have the ability to utilize unmanned drones during crisis incidents, public emergencies, and in certain public safety operations, to the extent permitted by law; WHEREAS, Flock is in the business of providing unmanned drone services (the unmanned drone services shall be considered part of the “Flock Services”) and Flock Hardware; NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Customer and Flock agree as follows: 1. UNMANNED AIR SUPPORT GENERAL TERMS OF DELIVERY 1.1 Flock Services and Hardware. Flock shall provide access to Customer the Flock Services and related Flock Hardware (the “Flock Hardware”) listed on the Order Form upon the terms and conditions set forth in the Agreement. Flock maintains ownership of all the Flock Hardware. Each year, as specified in the Order Form, the Customer will be provided with a designated number of batter ies. Customer may place an order for additional Flock Hardware (e.g., batteries prior to 500 complete charging cycles, hardware damaged due to Customer’s error, additional spares, etc.) at Flock’s then current list price, which will be made available to Customer upon request. 1.2 FAA Regulatory Waivers. Flock will assist Customer in acquiring any required Federal Aviation Administration (“FAA”) regulatory waivers. 1.3 Delivery. Flock shall make the Flock Hardware available to Customer at Customer’s delivery address set forth in the Order Form (“Delivery Point”). If for any reason Customer fails to accept delivery of the Flock Hardware by the date fixed pursuant to Flock's notice stating that the Flock Hardware is available at the Delivery Point: (i) Customer shall bear the risk of loss to the Flock Hardware; (ii) the Flock Hardware shall be deemed to have been delivered; and (iii) Flock, at its option, may store the Flock Hardware until collected by Customer, whereupon Customer shall be liable for all related costs and expenses (including, without limitation, storage and insurance). Once the Flock Hardware is made available as the Delivery Point, Customer is responsible for any resulting use of the Flock Hardware by all Authorized Users and all third-parties who may gain access to the same. 1.4 Pilot Services. Upon Customer’s request, Flock will make available an employee or independent contractor pilot (each a “Pilot”) to Customer for purposes of operating the Flock Hardware (hereafter the “Pilot Services”) at the pricing set forth in the Order Form. The Pilot Services shall be considered part of the Flock Services. When operating the Flock Hardware, the Pilot shall comply with the reasonable requests of Customer. Such Pilot Services may be used for up to forty (40) hours per week during the Term. Customer’s use of the Pilot Services shall not alleviate any of Customer’s obligations set forth herein. Customer shall provide Pilots with a safe working environment when on Customer’s premises. 2. LOSS AND DAMAGE OF FLOCK HARDWARE 2.1 Customer assumes and shall bear the entire risk of loss, damage to, theft or destruction of, all Flock Hardware. LOSS OR DAMAGE TO THE FLOCK HARDWARE, O R ANY PART OF IT, SHALL NOT RELIEVE CUSTOMER OF ANY OBLIGATION UNDER THE AGREEMENT. Customer’s obligations with respect to this Section shall commence upon delivery of the Flock Hardware. Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 279 Item 10. 2.2 Customer agrees to immediately notify Flock of any accident or even t of loss or damage involving the Flock Hardware. The notification shall include any information as may be pertinent to Flock's investigation of such accident, loss, or damage, or which Flock may reasonably require. 3. FEES. The Order Form dictates the Flock Hardware, software, personnel, and Flock Services and the entire Flock Services corresponding fees. Customer shall pay the Fees as described on the Order Form. 4. TERM. The term of this Agreement commences on the Effective Date of this Agreement and continues until terminated as provided under this Agreement (the “Term”). Each Order Form shall commence and expire and/or terminate according to the terms set forth in such Order Form. On expiration or termination of the Agreement, all licenses provided hereunder by Flock shall immediately expire. 5. FLOCK DRONE IP. Customer Data does not include, and Flock Drone IP (defined herein) expressly includes, any data to the extent processed by, resulting as an output of, or based on the usage of, the Flock Services, Flock Hardware, including, without limitation, data collected by Flock’s radar and radio frequency sensors. Such Flock Drone IP shall be Flock’s Confidential Information. Flock shall own all rights to (i) any data input into the Flock Services, Flock Hardware by or on behalf of Flock (not including any Customer Data) and (ii) any aggregated and anonymized data extracted or derived from the Flock S ervices, or use of the Flock Hardware, including all aggregated and anonymized usage data, statistical data, transactional data, metadata, market data, flight logs and flight history, telemetry data and logs, fleet information including drone serial number s and models, connected device information including radar data concerning the surrounding airspace, and other aggregated and anonymized data collected from user data and files (collectively, “Flock Drone IP”). Without limiting the generality of the foregoing, Flock reserves the right to create and market public indexes, analysis or insights created from such data. Customer agrees that it will not share, sell, transfer, or make available any data generated by the Flock Hardware, including all Flock Drone IP to which it may have access, to any third party without the prior express written consent of Flock Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 280 Item 10. SCHEDULE A SERVICES Flock makes no warranties regarding the efficacy of the training detailed below. 1. AIRWORTHINESS TRAINING Flock will make commercially reasonable efforts to provide training for the Customer to maintain the airworthiness of its drones, including compliance-related trainings. Customer shall be responsible for ensuring that all crew, including pilot in command, visual observer, sensor or payload operator, or other persons necessary for the safe operation of the flight have the qualifications, experience, licenses, and certificates required by applicable FAA regulations and that all have the necessary skill req uired to perform their duties. After completion of training, Customer will be responsible for maintaining the airworthiness of drones to which Customer is responsible and the ensuring that the respective operations are in line with all applicable laws and regulations. The training will be conducted via both online and in-person methods, as agreed upon by both parties. The frequency and duration of training will be mutually decided and scheduled to the convenience of the Customer. 2. FLIGHT TRAINING Flock will assist the Customer in obtaining FAA BVLOS waivers and train the Customer on compliance matters related to such waivers. Flock will start with one deployment location at a time, and work up to the agreed upon number of deployment locations for all UAS. As part of the BVLOS process, Flock will provide training materials to the Customer to certify all employees of the Customers selected as Visual Observers (“VOs”) to help aid in BVLOS operations. Flock will provide training to officers on how to utilize the Flock IP. This will consist of: ● Showing how to access Flock on their respective internet devices ● Showing how to view a live stream through the application ● Showing how to control the drone using the application ● Showing how to report problems if they come across them on the application The training will be conducted via both online and in-person methods, as agreed upon by both parties. The frequency and duration of training will be mutually decided and scheduled to the convenience of the Customer. 3. FLOCK HARDWARE TRAINING There will also be training for the Customer to use the Flock Hardware. This training will consist of: ● Discussing maintenance list for the drone, and how to maintain airworthiness ● Teaching how to fly the drone autonomously using the Flock IP ● Teaching how to fly the drone manually using the remote controller The training will be conducted via both online and in-person methods, as agreed upon by both parties. The frequency and duration of training will be mutually decided and scheduled to the convenience of the Customer. Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 281 Item 10. 4. DEPLOYMENT SUPPORT Flock will teach the Customer how to dispatch the Flock Hardware using the software for 911 calls. Only personnel authorized by Customer may have access to the livestream from the drone. They will also be taught on how to use Flock’s software to view said stream on any internet-connected device. Authorized personnel may have access to the Flock IP, which can convey the current status of the drone, and how to tell the drone to conduct additional maneuvers if needed. All operations must be conducted by a Pilot in Command (“PIC”), who is an FAA-certified pilot. Customer will provide the PICs needed to sustain this program. Flock will assist in drafting a Standard Operating Procedure (“SOP”) as well as department policies regarding access, deployments, privacy, and community engagement. Flock will ensure correct implementation of each Flock station and its included Flock Hardware which may or may not include the aircraft, on-prem servers, charging dock installations, radars, and more. Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 282 Item 10. SCHEDULE B SPECIFICATIONS Customer must abide by the following standards: Operational: ● Per FAA regulations, and without the necessary waiver, a minimum of one pilot is required to operate each drone. ● Work with Flock to get BVLOS waivers for the city to fully use Flock’s product and services. ● Train members of the city to be VOs so that the Customer can have FAA-compliant and safe BVLOS operations (Flock will provide training material if needed). ● If Customer wants to connect Flock’s software to their Computer Aided Dispatch (“CAD”) system, Customer will provide access to said CAD system at no cost to Flock to location information and other pertinent information about calls-for-service as they are placed. ● Flock will provide their Flock software interface to command the Flock Hardware . Customer must independently access and store any personal information about calls-for-services other than their location and the type of response (police, fire, or EMS) they prompted. Customer shall be responsible to integrate with CAD software to pull location information and call type information of every call-for-service that the Customer decides the drone should be deployed to, so long as there are no mo netary charges to Flock for said integration. Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Page 283 Item 10. By executing this Order Form, Customer represents and warrants that it has read and agrees to all of the terms and conditions contained in the Master Services Agreement attached. The Parties have executed this Agreement as of the dates set forth below. FLOCK GROUP, INC. Customer: TX - Prosper PD By: \FSSignature2\ By: \FSSignature1\ Name: \FSFullname2\ Name: \FSFullname1\ Title: \FSTitle2\ Title: \FSTitle1\ Date: \FSDateSigned2\ Date: \FSDateSigned1\ PO Number: Docusign Envelope ID: 462BD3FE-7045-447A-83C5-DF2DFA33D85E Mark Smith General Counsel 3/17/2025 Page 284 Item 10. 1170 Howell Mill Rd. NW · Suite 210, Atlanta, GA 30318 2024 Sole Source Letter for Flock Safety® Public Safety Solutions March 17, 2025 Prosper Police Department 801 Safety Way Prosper, Texas, 75078 Dear Scott Brewer, This letter serves to confirm that Flock Group Inc. d/b/a Flock Safety is the sole provider of our proprietary public safety technology solution specifically designed for use by law enforcement, communities, and private entities to increase safety and reduce crime. Flock Safety’s unique system integrates hardware and cloud-based software to enable real-time data processing and secure data sharing capabilities that are unavailable through other providers. As the sole developer and provider of this proprietary technology, Flock Safety retains exclusive rights to manufacture, license, and support the products and software we offer. Our solutions include cutting-edge features such as machine learning analytics, CJIS-compliant data storage, and a centralized system that facilitates collaboration across multiple jurisdictions, supporting a more robust and efficient public safety network. Specifically, Flock Safety provides the ability to access additional cameras from Flock customers, including: Frisco Police Department, Celina Police Department, etc, at no additional cost. No other vendor offers the specific combination of hardware and cloud-based features, CJIS- compliant data handling, or the national network capabilities that Flock Safety provides. For these reasons, Flock Safety is the only source available for these services. Thank you, Garrett Langley CEO, Flock Safety® Page 285 Item 10. 1170 Howell Mill Rd. NW · Suite 210, Atlanta, GA 30318 Flock Safety® ALPR Cameras Flock Safety® is the sole manufacturer, developer, and distributor of Flock Safety Falcon®, Flock Safety Falcon® LR, Flock Safety Falcon® SR, Flock Safety Falcon® Flex, Flock Safety Sparrow®, and Flock Safety Wing® automated license plate recognition (“ALPR”) cameras. Flock Safety Falcon®  Fixed, infrastructure-free license plate recognition (“LPR”) cameras suitable for capturing two (2+) lanes of traffic simultaneously with a single camera from a vertical mass  Includes Solar Falcon® option (next-gen platform standard range), which may cover up to three (3) lanes of traffic simultaneously Flock Safety Falcon® LR  Fixed, infrastructure-free long-range (“LR”) LPR, suitable for capturing three (3+) lanes of traffic simultaneously with a single camera from a vertical mass  Includes Solar Falcon® LR option (next-gen platform LR) Flock Safety Falcon® SR  Fixed, infrastructure-free short-range (“SR”) LPR with solar power capability, suitable for wide angle capture (i.e., parking lots or garages) Flock Safety Falcon® Flex  Location-flexible, infrastructure-free self-installation LPR camera with solar power option  Ties seamlessly into the Flock Safety® ecosystem with a small and lightweight camera  Ability to read up to 30,000 license plates and vehicle attributes on a single battery charge Flock Safety Sparrow® LPR  Infrastructure- and maintenance-free LPR for 24/7 neighborhood security Flock Safety Wing® LPR  Integrates third-party LPR and video cameras into FlockOS® utilizing existing camera infrastructures The Flock Safety® ALPR cameras listed above are the only Law Enforcement Grade ALPR cameras to offer the following combination of proprietary features:  Vehicle Fingerprint Technology® o Patented proprietary machine vision to analyze vehicle license plate, state recognition, and vehicle attributes such as color, type, make and objects (roof rack, bumper stickers, etc.) based on image analytics (not car registration data) o Machine vision to capture and identify characteristics of vehicles with a paper license plate and vehicles with the absence of a license plate o Ability to “Save Search” based on description of vehicles using Flock’s patented Vehicle Fingerprint Technology® without the need for a license plate, and set up alerts based on vehicle description Page 286 Item 10. 1170 Howell Mill Rd. NW · Suite 210, Atlanta, GA 30318 o Only LPR provider with “Visual Search,” which can transform digital images from any source into an investigative lead by finding matching vehicles based on the vehicle attributes in the uploaded photo  Integrated Cloud-Software & Hardware Platform o Best in class ability to capture and process up to 30,000 vehicles per day with a single camera powered exclusively by solar power o Wireless deployment of solar powered license plate reading cameras with integrated cellular communication weighing less than 5lbs and able to be powered solely by a solar panel of 65W or less o Web based footage retrieval tool with filtering capabilities such as vehicle color, vehicle type, vehicle manufacturer, partial or full license plate, state of license plate, and object detection o Utilizes motion trigger to start and stop recording without the need for a reflective plate o Motion detection allows for unique vehicle cases such as bicycle capture, ATV, motorcycle, etc. o On device machine processing to limit LTE bandwidth consumption o All images and metadata is encrypted throughout its entire lifecycle from on- device to storage in Flock’s US-based CJIS-compliant cloud o Covert industrial design for minimizing visual pollution  Transparency & Ethical Product Design o One-of-a-kind “Transparency Portal,” a public-facing dashboard that details the customer’s policies, as well as automatically updates metrics from the Flock Safety® system o Built-in integration with National Center for Missing & Exploited Children (“NCMEC”) to receive AMBER Alerts to find missing children o Privacy controls to enable certain vehicles to “opt-out” of being captured  Integrated Audio & Gunshot Detection o Ability to pair with Flock Safety Raven® audio detection device, which has natively integrated audio detection capabilities utilizing machine learning to recognize audio signatures typical of crimes in progress (e.g., gunshots)  Live Video Integration o Ability to apply computer vision to third-party cameras using the Flock Safety Wing® LPR, transforming them into evidence capture devices using the same Vehicle Fingerprint® technology offered on the Flock Safety Falcon® ALPR cameras o Flock Safety Wing® livestream integrates live stream traffic cameras, publicly or privately owned livestream security cameras into one cloud-based situational awareness dashboard to increase response time in mission-critical incidents o Manage various government intelligence including ALPR, livestream cameras, computer-aided dispatch (“CAD”), automatic vehicle location (“AVL”) on Flock Safety Wing® suite Page 287 Item 10. 1170 Howell Mill Rd. NW · Suite 210, Atlanta, GA 30318  Situational Awareness o FlockOS® is the world’s first and only public safety operating system compatible with Flock Safety® LPR video cameras, including Flock Safety Condor™ live streaming fixed and Flock Safety Condor™ pan-tilt-zoom (“PTZ”) video cameras, and the Flock Safety Raven® audio detection device, while seamlessly integrating first and third-party data across video, LPR, and audio to deliver real-time intelligence and retroactive crime solving in a single-pane real- time crime center o Ability to enhance situational awareness capacity by layering all intelligence streams onto the FlockOS® ESRI-based map o FlockOS® features Flock Safety® unique Real-Time Routing feature that analyzes various data sources to determine where a suspect vehicle has been and its direction of travel, providing users with possible outcomes based on a confidence threshold  Warranty & Service o Lifetime maintenance and support included in subscription price o Flock Safety® is the only fully integrated ALPR one-stop solution from production of the devices to delivery and installation o Performance monitoring software to predict potential failures, obstructions, tilts, and other critical or minor issues  Partnerships o Flock Safety® is the only LPR provider to officially partner with Prepared911 to distribute 911 call audio and transcripts to law enforcement agencies o Through FlockOS®, Flock Safety® is the only LPR provider to officially partner with FirstTwo to enable clicking anywhere on a display map to display the relevant information from FirstTwo o Access to additional cameras purchased by Flock’s HOA and private business partners, means an ever-increasing amount of cameras and data at no additional cost Flock Safety® Drone-as-First Responder (“DFR”) Flock Safety® has the sole distribution rights to distribute the Flock Safety® Drone-as-First Responder Platform The Flock Safety® Drone-as-First Responder Platform is the only Law Enforcement Grade drone-as-a-first response and docking devices to offer the following combination of proprietary features:  Automated battery swap docking station in which a robotic arm reaches into the drone, unplugs the batteries, lowers them into the dock, plugs them in to recharge, grabs a fresh set of batteries, and plugs them into the drone resulting in a 1 minute and 58 second downtime.  Unlike other DJI products, this is the only docking station that exclusively works with the M350 drone platform.  Autonomous return and landing to Flock Safety® Drone IP55-rated docking station, which can withstand heat up to 120℉ and cold down to -5℉, as well as heavy rainfall Page 288 Item 10. 1170 Howell Mill Rd. NW · Suite 210, Atlanta, GA 30318 and snow. A fully remote, fully automated, multi-station, multi-drone, DFR platform capable of providing air support  Six cameras enable virtual pre-flight checklists for beyond visual line of sight flight.  Only software platform on the market able to fly the DJI M350 at 53 MPH as opposed to 33 MPH.  Exclusive rights to the GA7360 3D radar in the public safety market for advanced aircraft and CUAS capabilities. 360-degree 3D detection, tracking, and classification of manned aircraft and sUAS. Detects Phantom-sized drones at 2.25-2.5 km ranges, Cessna-sized aircraft at 7 km range, and humans at 3 km range.  Exclusively integrated into the Aerodome Air Traffic Awareness Module and the Aerodome Flight Operations Module.  The platform is the only one to have auto mitigation when an airspace incursion occurs. When a manned aircraft (plane or helicopter) gets within a predetermined range, the system will automatically avoid the aircraft with no need for manual input from a human pilot. This safety feature is unique to Aerodome.  Radar target classification, detection and data updates for accuracy and reliability.  Laser range finder enables pilots to get the exact address the camera is pointing at.  Fifty-five (55) minute maximum flight time, 400 ft maximum ceiling, a fifty-three (53) MPH maximum horizontal speed, 400X Blended optical zoom, a 640 x 512 radiometric thermal camera allowing for 32X thermal zoom, a 1.86 mile laser rangefinder, and night vision  Use data from all integrated interfaces, including computer-aided dispatch (“CAD”), gunshot detection systems, and automated license plate recognition (“ALPR”) systems.  Ability to enhance situational awareness capacity by layering the Flock Safety® Drone feed onto the FlockOS® ESRI-based map and FlockOS®, the Flock Safety® public safety platform that unifies first and third-party data across LPR, video, and audio to deliver real-time intelligence Partnerships:  Flock Safety® is the only LPR provider to officially partner with Prepared911 to distribute 911 call audio and transcripts to law enforcement agencies  Through FlockOS®, Flock Safety® is the only LPR provider to officially partner with FirstTwo to enable clicking anywhere on a display map to display the relevant information from FirstTwo  Access to additional cameras purchased by Flock’s HOA and private business partners, means an ever-increasing amount of cameras and data at no additional cost  Flock Safety® is the only LPR provider to officially partner with Wanco, Inc. to offer the Flock Safety’s Mobile Security Trailer, an infrastructure-free solution designed to provide a movable public safety presence.  The FIock Safety Mobile Security Trailer combines: o Two (2) PTZ video cameras that are equipped with remote controls for live and recorded video o One (1) multi-sensor 360 panoramic camera that offers situational awareness with live views from four different angles for comprehensive coverage o Flashing Blue Lights that provides a clear signal that law enforcement is monitoring the area, acting as a visual crime deterrent Page 289 Item 10. 1170 Howell Mill Rd. NW · Suite 210, Atlanta, GA 30318 o Integration with the FlockOS platform, centralizing live monitoring, evidence capture, and case management across all locations o Optional feature: Can include LPR functionality, which is compatible with the FlockOS platform o 24/7 real-time alerts, notifying law enforcement of incidents and allowing for customizable monitoring during off-hours using advanced AI for human and vehicle detection Page 290 Item 10. 1170 Howell Mill Rd. NW · Suite 210, Atlanta, GA 30318 Flock Safety® Software Flock Safety® is the sole provider of the comprehensive monitoring, processing, and machine vision services, including FlockOS®, FlockOS® 911, Flock Safety® Traffic Analytics for Businesses, Flock Safety® Advanced Investigations Analytics, and Flock Safety® Traffic Analytics for Government, which integrate with the Flock Safety® ALPR cameras, Flock Safety® LPR video cameras, and the Flock Safety Raven® audio detection device, FlockOS®  Public safety platform that unifies first and third-party data across LPR, video, and audio to deliver real-time intelligence  FlockOS® is the world’s first and only public safety operating system compatible with Flock Safety® license plate recognition (“LPR”) video cameras, including Flock Safety Condor™ live streaming fixed and Flock Safety Condor™ pan-tilt-zoom (“PTZ”) video cameras, and the Flock Safety Raven® audio detection device, while seamlessly integrating first and third-party data across video, LPR, and audio to deliver real-time intelligence and retroactive crime solving in a single-pane real-time crime center  Ability to enhance situational awareness capacity by layering all intelligence streams onto the FlockOS® ESRI-based map  FlockOS® features Flock Safety™ unique Real-Time Routing feature that analyzes various data sources to determine where a suspect vehicle has been and its’ direction of travel providing users with possible outcomes based on a confidence threshold  Through FlockOS, Flock Safety® is the only LPR provider to officially partner with FirstTwo to enable clicking anywhere on a display map to display relevant information from FirstTwo FlockOS® 911  Real-time 911 calls and caller-sourced media for enhanced situational clarity in MDTs and Real Time Crime Centers (“RTCCs”)  FlockOS® is the only product on the market that works with Prepared911 to distribute 911 call audio and transcripts to law enforcement agencies directly Flock Safety® Traffic Analytics for Businesses  Provides customers with actionable visitor insights from their LPR network to enhance marketing and operations efforts Flock Safety® Advanced Investigations Analytics  Allows customers to leverage their LPR network to expand theft and organized crime cases Flock Safety® Traffic Analytics for Government  Allows customers to unlock the potential of their LPR network for critical traffic management insights Page 291 Item 10. Page 1 of 3 To: Mayor and Town Council From: David Hoover, AICP, Director of Development Services Through: Mario Canizares, Town Manager Chuck Ewings, Assistant Town Manager Re: Specific Use Permit for Drive-Through Restaurant Town Council Meeting – March 25, 2025 Strategic Visioning Priority: 3. Commercial Corridors are ready for Development Agenda Item: Conduct a Public Hearing and consider and act upon a request for a Specific Use Permit for a Drive-Through Restaurant on Frontier Retail Center Revised, Block A, Lots 1-2, on 2.8± acres, located on the east side of Dallas Parkway and 800± feet south of Frontier Parkway. (ZONE -24- 0021) Future Land Use Plan: The Future Land Use Plan recommends the Dallas North Tollway District. Zoning: The property is zoned Planned Development-69 (Retail). Thoroughfare Plan: This property has direct access to Dallas North Tollway and access to Frontier Parkway through cross access within the adjacent commercial development. Parks Master Plan: The Parks Master Plan does not indicate a park is needed on the subject property. Budget Impact: There is no budgetary impact affiliated with this item. Legal Obligations and Review: Notification was provided as required by the Zoning Ordinance and state law. Staff has not received any response to the proposed zoning request to date. Attached Documents: 1. Aerial Map 2. Zoning Map PLANNING Page 292 Item 11. Page 2 of 3 3. Approved Preliminary Site Plan (D22-0098) 4. Exhibit A-1 – Written Metes and Bounds 5. Exhibit A-2 – Boundary Exhibit 6. Exhibit B-1 – Site Plan 7. Exhibit B-2 – Simplified Site Plan 8. Exhibit C-1 – Landscape Plan 9. Exhibit C-2 – Landscape Rendering 10. Exhibit D – Façade Plan Description of Agenda Item: The purpose of this request is to obtain a Specific Use Permit for a drive-through restaurant. The intent is to construct a 5,385 square-foot drive-through restaurant, a 437 square-foot patio, and the associated 73 parking spaces. History: A Preliminary Site Plan (D22-0098) for Tract 1 of Planned Development-69, including Lots 1 and 2, was approved by the Planning & Zoning Commission on June 6, 2023. On the Preliminary Site Plan, two standalone restaurants were shown on Lots 1 and 2. The current layout shows the proposed drive-through restaurant on Lots 1 and 2. Compatibility: The zoning and land use of the surrounding properties are shown below. Zoning Current Land Use Future Land Use Plan Subject Property Planned Development-69 Vacant Dallas North Tollway District North Planned Development-69 Vacant Dallas North Tollway District East Planned Development-69 HEB Dallas North Tollway District South Commercial Corridor Vacant Dallas North Tollway District West Commercial Vacant Dallas North Tollway District Drive-Through Standards: The applicant is requesting a Specific Use Permit for a drive-through restaurant with the condition that the stacking/drive-through lanes be allowed to be placed between the building and adjacent public right-of-way. The Town’s Zoning Ordinance requires that drive-through restaurants obtain a Specific Use Permit to evaluate the appropriateness of the use. The Comprehensive Plan recommended revising development regulations pertaining to drive-throughs which included regulations for queuing and drive-through lanes. These recommendations were evaluated, and ordinance amendments were adopted by the Town Council on January 9, 2024, to revise design criteria for drive-throughs. One of the amendments was prohibiting stacking/drive-through lanes to be placed between a building and adjacent public right-of-way. Due to the stacking/drive-through lanes being shown between the building and Dallas Parkway, the proposed plan does not comply with this regulation. Page 293 Item 11. Page 3 of 3 Specific Use Permit Criteria: The Zoning Ordinance contains the following four (4) criteria to be considered in determining the validity of an SUP request. 1. Is the use harmonious and compatible with its surrounding existing uses or proposed uses?  The use is compatible, but the layout is not. The current configuration has the building backwards. 2. Are the activities requested by the applicant normally associated with the requested use?  The activities are those normally associated with a fast-food restaurant. The inconsistencies with the Town’s regulations are not. 3. Is the nature of the use reasonable?  Not complying with the Town’s regulations regarding drive-through restaurants for no valid reason is not reasonable. 4. Has any impact on the surrounding area been mitigated?  No. Town Staff Recommendation: The proposed zoning request does not comply with the Town’s Zoning Ordinance pertaining to the location of stacking/drive-through lanes. For this reason, Town Staff recommends denial of the request for a Specific Use Permit for a Drive-Through Restaurant on Frontier Retail Center Revised, Block A, Lots 1-2, on 2.8± acres, located on the east side of Dallas Parkway and 800± feet south of Frontier Parkway. However, the enhanced landscaping as depicted in the exhibit provided by Chick-Fil-A does appear to generally follow the intent of the ordinance amendments to hide and/or screen the drive-throughs at fast food restaurants. As such, although Staff still believes the layout does not follow the ordinance, Staff would agree with the Planning and Zoning’s assessment as the basis for their approval. Planning & Zoning Recommendation: The Planning & Zoning Commission unanimously recommended approval of this item by a vote of 7-0 at their meeting on March 4, 2025, subject to the landscaping along Dallas Parkway matching the rendering provided by the applicant (Exhibit C-2). Proposed Motion: I move to approve/deny a request for a Planned Development for an existing Professional Office on Bryant’s First Addition, Block 15, Lot 1R, on 0.6± acre, to accommodate a right-of-way acquisition along First Street, located on the northeast corner of Coleman Street and First Street. Page 294 Item 11. Page 295 Item 11. Page 296 Item 11. N PRELIMINARY SITE PLAN(1 OF 2)PSP-1 VICINITY MAP N.T.S. NOTES: 1.ALL DIMENSIONS ARE TO FACE OF CURB UNLESS OTHERWISE NOTED. 2.REFER TO ARCHITECTURAL PLANS FOR BUILDING DIMENSIONS AND EXACT DOOR LOCATIONS. LEGEND STANDARD DUTY CONCRETE PAVEMENT HEAVY DUTY CONCRETE PAVEMENT R.O.W. COLLECTOR STREET DUMPSTER AREA CONCRETE PAVEMENT SIDEWALK CONCRETE PAVEMENT PROPOSED CONCRETE CURB AND GUTTER PARKING COUNT FULL-DEPTH SAWCUT PROPOSED FIRE LANE STRIPPING DATENo.REVISIONBYDATE: SHEET CASE NO. CHECKED: MAM DRAWN:DC DESIGN:FRONTIER RETAIL CENTERBEING PART OF 70.91 ACRES OF LANDOUT OF COLLIN COUNTY SCHOOL LANDSURVEY, ABSTRACT NO. 147PROSPER, TEXAS1903 CENTRAL DRIVE, SUITE #406PHONE: 817.281.0572BEDFORD, TX 76021 WWW.CLAYMOOREENG.COMTEXAS REGISTRATION #14199 MAM 5/23/2023 2022-029 PRELIMINARY CLAYMOORE ENGINEERING 0 GRAPHIC SCALE 1 inch = ft. 50 50 100 50 25 COUNTY SURVEY:ABSTRACT NO. COLLIN COUNTY SCHOOL 147 CITY:STATE: TOWN OF PROSPER TEXAS LEGAL DESCRIPTION: OWNER: APPLICANT/ENGINEER: PD CASE #: D22-0098 CONTACT NAME: MATT MOORE COLLIN BEING PART OF 70.91 ACRE TRACT OF LAND SITUATED IN THE COLLIN COUNTY SCHOOL LAND SURVEY, ABSTRACT NO. 147, COLLIN COUNTY, TEXAS ZONING: PLANNED DEVELOPMENT-69 (PD-69) ARCHITECT CONTACT NAME: CLAYMOORE ENGINEERING, INC. 301 S COLEMAN, SUITE 40 PROSPER, TX 75078 PH: 817.201.6982 O'BRIEN ARCHITECTS 5800 DEMOCRACY DRIVE, SUITE 200B PLANO, TX 75024 PH: 972.788.1010 DNT FRONTIER, LP 4303 W LOVERS LANE, SUITE 200 DALLAS, TX 75209 PH: 817.201.6982 CONTACT NAME: DAVID FOGEL ACCORDING TO MAP NO. 48085C0115J, DATED 06/02/2009 OF THE NATIONAL FLOOD INSURANCE PROGRAM MAP, FLOOD INSURANCE RATE MAP OF COLLIN COUNTY, TEXAS, FEDERAL EMERGENCY MANAGEMENT AGENCY, FEDERAL INSURANCE ADMINISTRATION, THIS PROPERTY IS WITHIN ZONE "X", (AREAS DETERMINED TO BE OUTSIDE OF THE 0.2% ANNUAL CHANCE FLOODPLAIN). FLOODPLAIN NOTE PRELIMINARY SITE PLAN NOTES: ANY REVISION TO THIS PLAN WILL REQUIRE TOWN APPROVAL AND WILL REQUIRE REVISIONS TO ANY CORRESPONDING PLANS TO AVOID CONFLICTS BETWEEN PLANS. 1.DUMPSTERS AND TRASH COMPACTORS SHALL BE SCREENED IN ACCORDANCE WITH THE ZONING ORDINANCE. 2.OPEN STORAGE, WHERE PERMITTED, SHALL BE SCREENED IN ACCORDANCE WITH THE ZONING ORDINANCE. 3.OUTDOOR LIGHTING SHALL COMPLY WITH THE LIGHTING AND GLARE STANDARDS CONTAINED WITHIN THE ZONING ORDINANCE AND SUBDIVISION ORDINANCE. 4.LANDSCAPING SHALL CONFORM TO LANDSCAPE PLANS APPROVED BY TOWN. 5.ALL ELEVATIONS SHALL COMPLY WITH THE STANDARDS CONTAINED WITHIN THE ZONING ORDINANCE. 6.BUILDINGS OF 5,000 SQUARE FEET OR GREATER SHALL BE 100% FIRE SPRINKLED. ALTERNATIVE FIRE PROTECTION MEASURES MAY BE APPROVED BY THE FIRE DEPARTMENT. 7.OCCUPANT NOTIFICATION PER THIS SECTION AND 907.5 SHALL BE REQUIRED FOR ALL NEW CONSTRUCTION, OR EXISTING CONSTRUCTION COMPLYING WITH THE INTERNATIONAL BUILDING CODE, FOR RENOVATIONS TO EXISTING BUILDINGS, TENANT SPACES, CHANGES IN OCCUPANCY, REPLACEMENT OR MODIFICATION OF THE EXISTING FIRE ALARM SYSTEM, OR AS REQUIRED BY THE FIRE CODE OFFICIAL, FOR ALL BUILDINGS OR SPACES PROVIDED WITH AN APPROVED AUTOMATIC SPRINKLER SYSTEM. 8.FIRE LANES SHALL BE DESIGNATED AND CONSTRUCTED PER TOWN STANDARDS OR AS DIRECTED BY THE FIRE DEPARTMENT. 9.TWO POINTS OF ACCESS SHALL BE MAINTAINED FOR THE PROPERTY AT ALL TIMES. 10.SPEED BUMPS/HUMPS ARE NOT PERMITTED WITHIN A FIRE LANE. 11.FIRE LANES SHALL BE PROVIDED WITHIN 150 FEET OF ALL EXTERIOR WALLS OF ANY BUILDING FOR HOSE LAY REQUIREMENTS. 12.THE FIRE LANE SHALL BE A MINIMUM OF 24 FEET WIDE. 13.BUILDINGS MORE THAN 30 FEET HEIGHT ARE REQUIRED TO HAVE A MINIMUM OF 26-FOOT WIDE FIRE LANE IN THE IMMEDIATE VICINITY FOR FIREFIGHTING OPERATIONS OF THE BUILDING. ONE OF THE 26-FOOT WIDE LANES SHALL BE LOCATED A MINIMUM OF 15 FEET FROM THE BUILDING AND NO MORE THAN 30 FEET. 14.THE INSIDE TURNING RADIUS OF THE 24-FOOT FIRE LANE SHALL BE A MINIMUM OF 30 FEET. 15.THE INSIDE TURNING RADIUS OF THE 26-FOOT FIRE LANE SHALL BE A MINIMUM OF 30 FEET. 16.DEAD-END FIRE LANES ARE ONLY PERMITTED WITH APPROVED HAMMERHEADS. 17.FIRE HYDRANTS SHALL BE PROBIDED AT THE ENTRTANCES AND INTERSECTIONS. 18.AS PROPERTIES DEVELOP, FIRE HYDRANTS SHALL BE LOCATED AT ALL INTERSECTING STREETS AND THE MAXIMUM SPACING SHALL BE EVERY 300 FEET FOR ALL DEVELOPMENTS, AND FACILITIES OTHER THAN R3. R-3 DEVELOPMENTS SHALL BE EVERY 500 FEET. DISTANCES BETWEEN HYDRANTS SHALL BE MEASURED ALONG THE ROUTE THAT FIRE HOSE IS LAID BY A FIRE APPARATUS FROM HYDRANT-TO-HYDRANT, NOT AS THE "CROW FLIES". 19.FIRE DEPARTMENT CONNECTION (FDC) FOR THE FIRE SPRINKLER SYSTEM SHALL BE LOCATED WITHIN 50 FEET OF A FIRE HYDRANT AND 50 FEET OF A FIRE LANE. 5" STORZ, 30-DEGREE DOWNWARD TURNING WITH LOCKING CAP. 20.FIRE HYDRANTS SHALL BE LOCATED 2 FOOT TO 6 FOOT BACK FROM THE CURB OF FIRE LANE AND SHALL NOT BE LOCATED IN THE BULB OF A CUL-DE-SAC. 21.THERE SHALL BE A MINIMUM OF TWO FIRE HYDRANTS SERVING EACH PROPERTY WITHIN THE PRESCRIBED DISTANCES LISTED ABOVE. A MINIMUM OF ONE FIRE HYDARNT SHALL BE LOCAED ON EACH LOT. 22.A MINIMUM 10-FOOT UNOBSTRUCTED WIDTH SHALL BE PROVIDED AROUND A BUILDING FOR ADEQUATE FIRE DEPARTMENT ACCESS. A CONTINUOUS ROW OF PARKING AND LANDSCAPING SHALL BE CONSIDERED A BARRIER. 23.THE MAXIMUM DEAD END CUL-DE-SAC LENGTH SHALL NOT EXCEED SIX HUNDRED FEET AS MEASURED FROM THE CENTERLINE OF THE INTERSECTION STREET TO THE CENTER POINT OF THE RADIUS. 24.HANDICAPPED PARKING AREAS AND BUILDING ACCESSIBILITY SHALL CONFORM TO THE AMERICANS WITH DISABILITIES ACT (ADA) AND WITH THE REQUIREMENTS OF THE CURRENT, ADOPTED BUILDING CODE. 25.ALL SIGNAGE IS SUBJECT TO BUILDING OFFICIAL APPROVAL. 26.ALL FENCES AND RETAINING WALLS SHALL BE SHOWN ON THE PRELIMINARY SITE PLAN AND ARE SUBJECT TO BUILDING OFFICIAL APPROVAL. 27.ALL EXTERIOR BUILDING MATERIALS ARE SUBJECT TO BUILDING OFFICIAL APPROVAL AND SHALL CONFORM TO THE APPROVED FACADE PLAN. 28.SIDEWALKS OF NOT LESS THAN SIX (6) FEET IN WIDTH ALONG THOROUGHFARES AND COLLECTORS AND FIVE (5) FEET IN WIDTH ALONG RESIDENTIAL STREETS AND BARRIER-FREE RAMPS AT ALL CURB CROSSINGS SHALL BE PROVIDED PER TOWN STANDARDS. 29.ALL NEW ELECTRICAL LINES SHALL BE INSTALLED AND/OR RELOCATED UNDERGROUND. 30.ALL MECHANICAL EQUIPMENT SHALL BE SCREENED FROM PUBLIC VIEW IN ACCORDANCE WITH THE ZONING ORDINANCE.. 31.ALL LANDSCAPE EASEMENTS MUST BE EXCLUSIVE OF ANY OTHER TYPE OF EASEMENT. 32.IMPACT FEES WILL BE ASSESSED IN ACCORDANCE WITH THE LAND USE CLASSIFICATION(S) IDENTIFIED ON THE SITE DATA SUMMARY TABLE; HOWEVER, CHANGES TO THE PROPOSED LAND USE AT THE TIME OF CO AND/OR FINISH-OUT PERMIT MAY RESULT IN ADDITIONAL IMPACT FEES AND/OR PARKING REQUIREMENTS. 33.THE APPROVAL OF A PRELIMINARY SITE PLAN SHALL BE EFFECTIVE FOR A PERIOD OF TWO (2) YEARS FROM THE DATE THAT THE PRELIMINARY SITE PLAN IS APPROVED BY THE PLANNING AND ZONING COMMISSION, AT THE END OF WHICH TIME THE APPLICANT MUST HAVE SUBMITTED AND RECEIVED THE APPROVAL OF A SITE PLAN BY THE PLANNING & ZONING COMMISSION. IF A SITE PLAN IS NOT APPROVED WITHIN SUCH TWO (2) YEAR PERIOD, THE PRELIMINARY SITE PLAN APPROVAL IS NULL AND VOID. IF SITE PLAN APPROVAL IS ONLY FOR A PORTION OF THE PROPERTY, THE APPROVAL OF THE PRELIMINARY SITE PLAN FOR THE REMAINING PROPERTY SHALL BE NULL AND VOID. 34.SITE WILL BE UNAVAILABLE TO DEVELOP UNTIL A GRAVITY TRUNK MAIN HAS BEEN CONSTRUCTED FOR THE BASIN. 35.THE TOWN CURRENTLY CONTRACTS WITH CWD FOR WASTE DISPOSAL SERVICES. THEY MAY BE CONTACTED AT 972-392-9300. MATCH LINE SHEET SP-2 OPEN SPACE NOTE: 7% OF NET LOT AREA IS REQUIRED TO BE PROVIDED AS OPEN SPACE. THE FOLLOWING SHALL NOT BE INCLUDED: VEHICULAR PAVING, REQUIRED PARKING LOT LANDSCAPE ISLANDS, BUILDING FOOTPRINT, UTILITY YARDS, REQUIRED LANDSCAPE SETBACKS, SIDEWALKS, AND DETENTION PONDS. A SUP IS REQUIRED FOR ANY RESTAURANT WITH A DRIVE-THRU WITH PD-69 ZONING A SUP IS REQUIRED FOR ANY RESTAURANT WITH A DRIVE-THRU WITH PD-69 ZONING COLLIN COUNTY VOLUME 5772, PAGE 2404 O.P.R.C.C.T. THOMAS MOSEY AND JULIE MOSEY AS TRUSTEE OF THE TRUST AGREEMENT OF THOMAS MOSEY DOC. NO. 20190830001072500 O.P.R.C.C.T. DRAINAGE EASEMENT DOC. No. 20201222002309730 O.P.R.C.C.T. (CALLED 3.56 ACRES) PARCEL NO. 12 PERMANENT RIGHT-OF-WAY DOC. No. 20201222002309720 O.P.R.C.C.T.DALLAS PARKWAYCONCRETE ROADWAYVARIABLE WIDTH R.O.W.N 00°44'43" W 764.27'(N 00°44'55" W)N 44°25'23" E 71.45' N 89°25'23" E 417.85' N 86°47'13" E 239.17' N 89°25'23" E 243.00' FRONTIER PARKWAY/CR. 5 VARIABLE WIDTH R.O.W. CIRS CIRS CIRS CIRS CIRS DALLAS PARKWAYCONCRETE ROADWAYVARIABLE WIDTH R.O.W.TRACT 2 TOLL SOUTHWEST LLC DOC. NO. 20191125001498990 O.P.R.C.C.T. 258'327'15' LANDSCAPE EASEMENTDRAINAGE EASEMENT DOC. No. 20201222002309730 O.P.R.C.C.T.DRAINAGE EASEMENT DOC. No. 20201222002309730 O.P.R.C.C.T. 30' LANDSCAPE & ACCESS EASEMENT N89°40'59"E 339.62'S0°14'00"E69.13'S0°14'00"E69.42'∆∆S5°20'37"E152.57'S5°20'37"E152.57'∆ ∆S0°20'37"E877.26'S0°20'37"E877.31'60' R.O.W. NEW COLLECTOR STREET5' LANDSCAPE SETBACK5' LANDSCAPE SETBACK10' LANDSCAPE SETBACK5' LANDSCAPE SETBACKPROPOSED RESTAURANT 2,000 SF 20 PARKS (2 ADA) 1.00 ACRES 10' LANDSCAPE SETBACK PROPOSED MCDONALDS 45-97 4,365 SF 44 PARKS (2 ADA) 10' LS SETBACK 1.50 ACRESNOPARKINGANYTIMEPROPOSED BANK 3,300 SF 39 PARKS (2 ADA)5' LANDSCAPE SETBACK5' LANDSCAPE SETBACK5' LANDSCAPE SETBACK5' LANDSCAPE SETBACK19'18'19'19'18'19'19'18'19'19'18'19'19'30'19'19'18'19'19'18'19'19'18'19'19'18'19'19'18'19'19'24'R10'R30' R30' R5'12'19.03'18'30'R30'R3 0 ' R30'R30'137.38'159.57' R 3 0 ' R 5 0 '158.74'192.8' 136.2' 24'24'24' 9'9'9'18' 24'12'12'24'20'24'18'10'20.1'9'24'R 3 0 'R30'30'R1 0 'R10'36'30'PROP. WET POND CAR WASH FUEL CANOPY PROP. BFR PROP. BFR PROP. BFR PROP. BFR PROP. BFR PROP. BFRPROP. BFR PROP. BFR PROP. BFR PROP. BFR 30' LANDSCAPE & ACCESS EASEMENT 10' MEANDERING TRAIL 6' WIDE MEANDERING SIDEWALK 10' WIDE TRAIL 6' WIDE MEANDERING SIDEWALK 10' WIDE TRAIL 10' MEANDERING TRAIL 150' STORAGE 80' STRG.110' TRANS.373.79'80' STRG.110' TRANS.110' TRANS.LOT 3 1.92 ACRES LOT 4 LOT 5 R 3 0 'R30'R30'R 3 0 'R30'30'R30'R3 0 ' 30'R30'PROP. FH. PROP. FH. PROP. FH. PROP. FH. PROP. FH. PROP. FH. PROP. FH. FUEL KIOSK PROP. HEADLIGHT SCREENING CART CORRAL (TYP.) CART CORRAL (TYP.) CART CORRAL (TYP.) CART CORRAL (TYP.) 10' MEANDERING TRAIL POWER POLE POWER POLE POWER POLE POWER POLE POWER POLE POWER POLE POWER POLE POWER POLE POWER POLE RELOCATED POWER POLE POWER POLE CWD TRASH ENCLOSURE 30'R20'R2 0 ' R 3 0 'R30'CWD TRASH ENCLOSURE R54' R30' 40' PROP. FH. PROP. FH. EXIST. FH. PROP. FH. PROP. FH. PROP. 15' WTR ESMT PROP. 15' WTR ESMT PROP. FH. R 2 0 ' R20' R 2 0 ' R30' R54' R5' R5'R3 . 5 ' R15' R 2 0 ' 20.1'20'20.1'6.13' 75.49'85'12'6'12'160.61'73.01' 18'20' PROP. FH. STREET ESMT. ROW DEDICATION R 3 0 'R30'R54'R30'R54'R15'R20 ' 10.27' R 2 0 'R20'R32'R10'R20'R20.5' R20.5'R20.5 'R32.5 'R20.5'R1 0 ' R3'R2'R20' R20'R5'R5'10' EXISTING DRAINAGE STRUCTURE EXISTING DRAINAGE STRUCTURE EXISTING DRAINAGE STRUCTURE EXISTING RETAINING WALL UTILITY ESMT FIRE LANE FOR ACCESS BETWEENLOTS ONLY. NO STRUCTURES.30'14.5 ' 10' 2 2 '10'R30' FIRE DEPT. APPROVED COMPOUND RADIIFIRE DEPT. APPROVED COMPOUND RADII RETAINING WALL WITH HANDRAIL RETAINING WALL WITH HANDRAIL RETAINING WALL WITH HANDRAIL RETAINING WALL WITH HANDRAIL RETAINING WALL WITH HANDRAIL RETAINING WALL WITH HANDRAIL RETAINING WALL WITH HANDRAIL 72.14'175.85'28.18'177.35'28.2'90.42'R20' R20' R20' R15' PROP. FH.R3 0 ' R30'R10'R10'R3 0 ' R30'R1 0 ' R3'R30'R5' R5' R20'R20'R20'R7.5'R20'R2'R2'R 1 5 ' R3'R3'126.05'163.65'9'9'20'24'20'20'24'20' 30'24'30'12'12'24'11'9'9'52.87'123.26'162.18' 8' STREET ESMT. PROP. BFR PROP. BFR PROP. 6' SIDEWALK PROP. BENCH PROP. BENCH Page 297 Item 11. TREJAX, LP. DOC. NO. 20121206001558000 O.P.R.C.C.T. COLLIN COUNTY VOLUME 5786, PAGE 4659 O.P.R.C.C.T. R=5744.58' D=2°17'26" CB=N 00°24'01" E CL=229.65' A=229.67' LOT 5, BLOCK X (CALLED 6.034 ACRES) RIGHT-OF-WAY DONATION NO. 20060425000545800 O.P.R.C.C.T.(N 01°32'32" E)DALLAS PARKWAYCONCRETE ROADWAYVARIABLE WIDTH R.O.W.(211.14')N 01°32'44" E1/2" CIRF "SPIARS ENG" CIRS CIRS PROPOSED RESTAURANT 4,575 SF 1.16 ACRES PROPOSED RESTAURANT 4,575 SF (1.59 ACRES 5' LANDSCAPE SETBACK 5' LANDSCAPE SETBACK 5' LANDSCAPE SETBACK 5' LANDSCAPE SETBACK 5' LANDSCAPE SETBACK5' LANDSCAPE SETBACK5' LANDSCAPE SETBACK5' LANDSCAPE SETBACKR10' R30'R25 'R20' 10'10'4'R1 0 'R5'R80'R30'30'14.5'R3 0 '30'R3 0 ' R30'5'9'9'5'9'9'R10'R1 0 'R10'R1 0 'R10'8' 5'9'5'9'9'5'9'9'8' 5'R10'30'30'186.57'PROP. BFR PROP. BFR PROP. BFR PROP. BFR PROP. BFR PROP. BFR PROP. BFR PROP. BFR 6' WIDE MEANDERING SIDEWALK 6' WIDE MEANDERING SIDEWALK 10' MEANDERING TRAIL 10' MEANDERING TRAIL 80' STRG.110' TRANS.196.64'PROP. RETAIL BLDG 132,000 SQ. FT 19.93 ACRES LOT 6 LOT 2 1.16 ACRES LOT 1 1.59 ACRES 30'R30' R30'R30'R60' 30'R30'R 3 0 ' R 3 0 'R30'30'PROP. TRUCK DOCK 60' R.O.W. NEW COLLECTOR STREETPROP. FH.PROP. FH. PROP. FH. PROP. FH. PROP. FH. PROP. FH.80' STRG.110' TRANS.9' 9' 9'9'9' 9'11'9'9'5'9'9'9'9'11'9'9'5'20'24'20'24' 24'20'24'20'20'24'20'24' 24'R3'R3'R10'R 1 0 'R3 ' R 1 0 'R10'R1 0 ' R 1 0 ' R3' R10' CART CORRAL (TYP.) CART CORRAL (TYP.) CART CORRAL (TYP.) CART CORRAL (TYP.) CART CORRAL (TYP.) CART CORRAL (TYP.) POWER POLE POWER POLE POWER POLE R3'R 3 ' CWD TRASH ENCLOSURE CWD TRASH ENCLOSURE24'20'9'20'R30 'R30'R30' R3 0 'R30'R 3 0 ' R10' R 3 ' 30' R20'R2 0 ' MASONRY SCREENWALL PER TOWN REQUIREMENTS MASONRY SCREENWALL PER TOWN REQUIREMENTS PHARMACY DRIVE-THRU DFGF PROP. FH. PROP. FH. PROP. FH. PROP. 15' WTR ESMT PROP. 15' WTR ESMT PROP. 20' UTIL ESMT 5' LANDSCAPE SETBACK CURBSIDE PICKUP AREA TO BE REFINED AT TIME OF MAIN BUILDING SUBMITTAL BAR BE QUE SECONDARY DRIVE-THRU FDC FDC FDC TRASH COMPACTOR MASONRY SCREEN WALL PER TOWN REQUIREMENTS PROP. FH.30'99.01'86.16'116.17'90.57' 85.13'82.37'97.87'53.11'R3 0 'R30'142.72'115.43' 158.02' 99.92'165.54'PROP. TRUCK DOCK5.5'18'19' 5' 18'19' 6.68'12'15.35' 18'6.31'19' 5' 18' 5' 19' R5' R 5 'R10' R10'R1 0 'R7.5'R100' R112' R100' R112' R1 0 ' STREET ESMT. STREET ESMT.R30'R30' R3 0 ' PROP. FH. STREET ESMT.FIRE LANE FOR ACCESS BETWEENLOTS ONLY. NO STRUCTURES.COLUMN FOR CANOPY COVER (TYP.) EQUIPMENT AREA MASONRY SCREEN WALL PER TOWN REQUIREMENTS 22'10'22'10'TRANSFORMER HATCH REPRESENTS DEADEND FIRE LANE HATCH REPRESENTS DEADEND FIRE LANE 26'11' MENU BOARD R30'PROP. FH. PROP. 6' SIDEWALK PROP. BENCHPROP. BENCH R 3 0 ' N PRELIMINARY SITE PLAN(2 OF 2)PSP-2 VICINITY MAP N.T.S. NOTES: 1.ALL DIMENSIONS ARE TO FACE OF CURB UNLESS OTHERWISE NOTED. 2.REFER TO ARCHITECTURAL PLANS FOR BUILDING DIMENSIONS AND EXACT DOOR LOCATIONS.DATENo.REVISIONBYDATE: SHEET CASE NO. CHECKED: MAM DRAWN:DC DESIGN:FRONTIER RETAIL CENTERBEING PART OF 70.91 ACRES OF LANDOUT OF COLLIN COUNTY SCHOOL LANDSURVEY, ABSTRACT NO. 147PROSPER, TEXAS1903 CENTRAL DRIVE, SUITE #406PHONE: 817.281.0572BEDFORD, TX 76021 WWW.CLAYMOOREENG.COMTEXAS REGISTRATION #14199 MAM 5/23/2023 2022-029 PRELIMINARY CLAYMOORE ENGINEERING 0 GRAPHIC SCALE 1 inch = ft. 50 50 100 50 25 COUNTY SURVEY:ABSTRACT NO. COLLIN COUNTY SCHOOL 147 CITY:STATE: TOWN OF PROSPER TEXAS LEGAL DESCRIPTION: OWNER: APPLICANT/ENGINEER: PD CASE #: D22-0098 CONTACT NAME: MATT MOORE COLLIN BEING PART OF 70.91 ACRE TRACT OF LAND SITUATED IN THE COLLIN COUNTY SCHOOL LAND SURVEY, ABSTRACT NO. 147, COLLIN COUNTY, TEXAS ZONING: PLANNED DEVELOPMENT-69 (PD-69) ARCHITECT CONTACT NAME: CLAYMOORE ENGINEERING, INC. 301 S COLEMAN, SUITE 40 PROSPER, TX 75078 PH: 817.201.6982 O'BRIEN ARCHITECTS 5800 DEMOCRACY DRIVE, SUITE 200B PLANO, TX 75024 PH: 972.788.1010 DNT FRONTIER, LP 4303 W LOVERS LANE, SUITE 200 DALLAS, TX 75209 PH: 817.201.6982 CONTACT NAME: DAVID FOGEL ACCORDING TO MAP NO. 48085C0115J, DATED 06/02/2009 OF THE NATIONAL FLOOD INSURANCE PROGRAM MAP, FLOOD INSURANCE RATE MAP OF COLLIN COUNTY, TEXAS, FEDERAL EMERGENCY MANAGEMENT AGENCY, FEDERAL INSURANCE ADMINISTRATION, THIS PROPERTY IS WITHIN ZONE "X", (AREAS DETERMINED TO BE OUTSIDE OF THE 0.2% ANNUAL CHANCE FLOODPLAIN). FLOODPLAIN NOTE MATCH LINE SHEET SP-1 PRELIMINARY SITE PLAN NOTES: ANY REVISION TO THIS PLAN WILL REQUIRE TOWN APPROVAL AND WILL REQUIRE REVISIONS TO ANY CORRESPONDING PLANS TO AVOID CONFLICTS BETWEEN PLANS. 1.DUMPSTERS AND TRASH COMPACTORS SHALL BE SCREENED IN ACCORDANCE WITH THE ZONING ORDINANCE. 2.OPEN STORAGE, WHERE PERMITTED, SHALL BE SCREENED IN ACCORDANCE WITH THE ZONING ORDINANCE. 3.OUTDOOR LIGHTING SHALL COMPLY WITH THE LIGHTING AND GLARE STANDARDS CONTAINED WITHIN THE ZONING ORDINANCE AND SUBDIVISION ORDINANCE. 4.LANDSCAPING SHALL CONFORM TO LANDSCAPE PLANS APPROVED BY TOWN. 5.ALL ELEVATIONS SHALL COMPLY WITH THE STANDARDS CONTAINED WITHIN THE ZONING ORDINANCE. 6.BUILDINGS OF 5,000 SQUARE FEET OR GREATER SHALL BE 100% FIRE SPRINKLED. ALTERNATIVE FIRE PROTECTION MEASURES MAY BE APPROVED BY THE FIRE DEPARTMENT. 7.OCCUPANT NOTIFICATION PER THIS SECTION AND 907.5 SHALL BE REQUIRED FOR ALL NEW CONSTRUCTION, OR EXISTING CONSTRUCTION COMPLYING WITH THE INTERNATIONAL BUILDING CODE, FOR RENOVATIONS TO EXISTING BUILDINGS, TENANT SPACES, CHANGES IN OCCUPANCY, REPLACEMENT OR MODIFICATION OF THE EXISTING FIRE ALARM SYSTEM, OR AS REQUIRED BY THE FIRE CODE OFFICIAL, FOR ALL BUILDINGS OR SPACES PROVIDED WITH AN APPROVED AUTOMATIC SPRINKLER SYSTEM. 8.FIRE LANES SHALL BE DESIGNATED AND CONSTRUCTED PER TOWN STANDARDS OR AS DIRECTED BY THE FIRE DEPARTMENT. 9.TWO POINTS OF ACCESS SHALL BE MAINTAINED FOR THE PROPERTY AT ALL TIMES. 10.SPEED BUMPS/HUMPS ARE NOT PERMITTED WITHIN A FIRE LANE. 11.FIRE LANES SHALL BE PROVIDED WITHIN 150 FEET OF ALL EXTERIOR WALLS OF ANY BUILDING FOR HOSE LAY REQUIREMENTS. 12.THE FIRE LANE SHALL BE A MINIMUM OF 24 FEET WIDE. 13.BUILDINGS MORE THAN 30 FEET HEIGHT ARE REQUIRED TO HAVE A MINIMUM OF 26-FOOT WIDE FIRE LANE IN THE IMMEDIATE VICINITY FOR FIREFIGHTING OPERATIONS OF THE BUILDING. ONE OF THE 26-FOOT WIDE LANES SHALL BE LOCATED A MINIMUM OF 15 FEET FROM THE BUILDING AND NO MORE THAN 30 FEET. 14.THE INSIDE TURNING RADIUS OF THE 24-FOOT FIRE LANE SHALL BE A MINIMUM OF 30 FEET. 15.THE INSIDE TURNING RADIUS OF THE 26-FOOT FIRE LANE SHALL BE A MINIMUM OF 30 FEET. 16.DEAD-END FIRE LANES ARE ONLY PERMITTED WITH APPROVED HAMMERHEADS. 17.FIRE HYDRANTS SHALL BE PROBIDED AT THE ENTRTANCES AND INTERSECTIONS. 18.AS PROPERTIES DEVELOP, FIRE HYDRANTS SHALL BE LOCATED AT ALL INTERSECTING STREETS AND THE MAXIMUM SPACING SHALL BE EVERY 300 FEET FOR ALL DEVELOPMENTS, AND FACILITIES OTHER THAN R3. R-3 DEVELOPMENTS SHALL BE EVERY 500 FEET. DISTANCES BETWEEN HYDRANTS SHALL BE MEASURED ALONG THE ROUTE THAT FIRE HOSE IS LAID BY A FIRE APPARATUS FROM HYDRANT-TO-HYDRANT, NOT AS THE "CROW FLIES". 19.FIRE DEPARTMENT CONNECTION (FDC) FOR THE FIRE SPRINKLER SYSTEM SHALL BE LOCATED WITHIN 50 FEET OF A FIRE HYDRANT AND 50 FEET OF A FIRE LANE. 5" STORZ, 30-DEGREE DOWNWARD TURNING WITH LOCKING CAP. 20.FIRE HYDRANTS SHALL BE LOCATED 2 FOOT TO 6 FOOT BACK FROM THE CURB OF FIRE LANE AND SHALL NOT BE LOCATED IN THE BULB OF A CUL-DE-SAC. 21.THERE SHALL BE A MINIMUM OF TWO FIRE HYDRANTS SERVING EACH PROPERTY WITHIN THE PRESCRIBED DISTANCES LISTED ABOVE. A MINIMUM OF ONE FIRE HYDARNT SHALL BE LOCAED ON EACH LOT. 22.A MINIMUM 10-FOOT UNOBSTRUCTED WIDTH SHALL BE PROVIDED AROUND A BUILDING FOR ADEQUATE FIRE DEPARTMENT ACCESS. A CONTINUOUS ROW OF PARKING AND LANDSCAPING SHALL BE CONSIDERED A BARRIER. 23.THE MAXIMUM DEAD END CUL-DE-SAC LENGTH SHALL NOT EXCEED SIX HUNDRED FEET AS MEASURED FROM THE CENTERLINE OF THE INTERSECTION STREET TO THE CENTER POINT OF THE RADIUS. 24.HANDICAPPED PARKING AREAS AND BUILDING ACCESSIBILITY SHALL CONFORM TO THE AMERICANS WITH DISABILITIES ACT (ADA) AND WITH THE REQUIREMENTS OF THE CURRENT, ADOPTED BUILDING CODE. 25.ALL SIGNAGE IS SUBJECT TO BUILDING OFFICIAL APPROVAL. 26.ALL FENCES AND RETAINING WALLS SHALL BE SHOWN ON THE PRELIMINARY SITE PLAN AND ARE SUBJECT TO BUILDING OFFICIAL APPROVAL. 27.ALL EXTERIOR BUILDING MATERIALS ARE SUBJECT TO BUILDING OFFICIAL APPROVAL AND SHALL CONFORM TO THE APPROVED FACADE PLAN. 28.SIDEWALKS OF NOT LESS THAN SIX (6) FEET IN WIDTH ALONG THOROUGHFARES AND COLLECTORS AND FIVE (5) FEET IN WIDTH ALONG RESIDENTIAL STREETS AND BARRIER-FREE RAMPS AT ALL CURB CROSSINGS SHALL BE PROVIDED PER TOWN STANDARDS. 29.ALL NEW ELECTRICAL LINES SHALL BE INSTALLED AND/OR RELOCATED UNDERGROUND. 30.ALL MECHANICAL EQUIPMENT SHALL BE SCREENED FROM PUBLIC VIEW IN ACCORDANCE WITH THE ZONING ORDINANCE.. 31.ALL LANDSCAPE EASEMENTS MUST BE EXCLUSIVE OF ANY OTHER TYPE OF EASEMENT. 32.IMPACT FEES WILL BE ASSESSED IN ACCORDANCE WITH THE LAND USE CLASSIFICATION(S) IDENTIFIED ON THE SITE DATA SUMMARY TABLE; HOWEVER, CHANGES TO THE PROPOSED LAND USE AT THE TIME OF CO AND/OR FINISH-OUT PERMIT MAY RESULT IN ADDITIONAL IMPACT FEES AND/OR PARKING REQUIREMENTS. 33.THE APPROVAL OF A PRELIMINARY SITE PLAN SHALL BE EFFECTIVE FOR A PERIOD OF TWO (2) YEARS FROM THE DATE THAT THE PRELIMINARY SITE PLAN IS APPROVED BY THE PLANNING AND ZONING COMMISSION, AT THE END OF WHICH TIME THE APPLICANT MUST HAVE SUBMITTED AND RECEIVED THE APPROVAL OF A SITE PLAN BY THE PLANNING & ZONING COMMISSION. IF A SITE PLAN IS NOT APPROVED WITHIN SUCH TWO (2) YEAR PERIOD, THE PRELIMINARY SITE PLAN APPROVAL IS NULL AND VOID. IF SITE PLAN APPROVAL IS ONLY FOR A PORTION OF THE PROPERTY, THE APPROVAL OF THE PRELIMINARY SITE PLAN FOR THE REMAINING PROPERTY SHALL BE NULL AND VOID. 34.SITE WILL BE UNAVAILABLE TO DEVELOP UNTIL A GRAVITY TRUNK MAIN HAS BEEN CONSTRUCTED FOR THE BASIN. 35.THE TOWN CURRENTLY CONTRACTS WITH CWD FOR WASTE DISPOSAL SERVICES. THEY MAY BE CONTACTED AT 972-392-9300. LEGEND STANDARD DUTY CONCRETE PAVEMENT HEAVY DUTY CONCRETE PAVEMENT R.O.W. COLLECTOR STREET DUMPSTER AREA CONCRETE PAVEMENT SIDEWALK CONCRETE PAVEMENT PROPOSED CONCRETE CURB AND GUTTER PARKING COUNT FULL-DEPTH SAWCUT PROPOSED FIRE LANE STRIPPING OPEN SPACE NOTE: 7% OF NET LOT AREA IS REQUIRED TO BE PROVIDED AS OPEN SPACE. THE FOLLOWING SHALL NOT BE INCLUDED: VEHICULAR PAVING, REQUIRED PARKING LOT LANDSCAPE ISLANDS, BUILDING FOOTPRINT, UTILITY YARDS, REQUIRED LANDSCAPE SETBACKS, SIDEWALKS, AND DETENTION PONDS. Page 298 Item 11. Page 299 Item 11. Page 300 Item 11. G G G G G GGGGGGGGGGGGGGG G G G Page 301Item 11. Page 302 Item 11. LANDSCAPE REQUIREMENTS A.PERIMETER LANDSCAPE REQUIRED 1.Large tree shall be planted every 30 LF of roadway frontage North Dallas Pkwy: 419 LF (less 48 LF drive)/ 30 =14 trees 2.Minimum of 15 shrubs with a minimum size of 5 Gal. shall be planted for each 30 LF of roadway frontage North Dallas Pkwy: (419 LF (less 48 LF drive)/ 30) x 15 =210 shrubs 3.Small tree and 5 Gal. shrub shall be planted every 15 LF of property line Perimeter A:241 LF (less 15 LF drive)/15 =16 trees 16 shrubs Perimeter B:466 LF (less 30(3) LF drive)/15 =25 trees 25 shrubs Perimeter C:267 LF/15 =18 trees 18 shrubs 4.All uses containing a drive- through shall provide a ten-foot-wide landscape area along the perimeter of the property. 5.Ten-foot-wide landscape area shall contain a minimum three-inch caliper evergreen trees planted 15 LF O.C. with minimum 5-gallon shrubs planted 3 LF O.C. drive-through lane: 363 LF / 15 =24 evergreen trees 363 LF / 3 =121 evergreen shrubs PROVIDED 1. (6) Cedar Elm, (8) HR Live Oak =14 trees 2.(71) Dwarf Burford Holly, (108) Dwarf Maiden Grass, (13) Glossy Abelia,=232 shrubs (8) Oakleaf Hydrangea, (32) Goldmound Spirea 3.Perimeter A: (4) Redbud, (2) Crape Myrtle, (5) Waxmyrtle, (5) Mexican Buckeye =16 trees (21) Burford Holly =21 shrubs Perimeter B: (13) Waxmyrtle, (4) Crape Myrtle, (6) Redbud =25 trees (26) Spirea, (58) Burford Holly =84 shrubs Perimeter C: (3) Waxmyrtle, (8) Redbud, (10) Mexican Buckeye =21 trees (56) Red Yucca, (29) Spirea =85 shrubs 4.A ten-foot-wide landscape area is provided. 5.(6) Highrise Live Oak, (6) Cedar Elm,(7) Little Gem Magnolia =evergreen trees (123) Dwarf Burford Holly =123 evergreen shrubs B.INTERIOR PARKING REQUIRED 1.15 SF of landscaping for each parking space shall be provided within the paved boundaries of the parking lot area. 68 parking spaces x 15 =1,020 SF of interior landscape 2.Landscape islands shall be located at the terminus of all parking rows, and shall contain at least 1 large tree. 3.No more than 15 parking spaces permitted in a continuous row without being interrupted by a landscape island. 4.Landscape islands shall be a minimum of 160 SF and not less than 9' wide and a length equal to the abutting space. 5.There shall be at least 1 large tree within 150 LF of every parking space. 6. 1 tree per 10 parking spaces 68 parking spaces / 10 =7 parking lot trees 7.Minimum 5' wide landscape island shall be constructed around the outer edge of the drive-thru lanes extending from the point of entry to exit. The landscape island shall contain 3" cal. evergreen trees planted 15' O.C. with a minimum five gallon shrubs planted 3' O.C. ** Ornamental trees may be used in place of a portion of shrubs to create a mixture of species and types of vegetation. If the landscape island is located on the perimeter of the property, perimeter landscaping requirements may be applied towards this requirement. PROVIDED 1.6,427 SF of interior landscape provided 2.Large tree is in each terminal island. 3.Less than 15 parking spaces are between landscape islands. 4.Not all landscape islands are 160 SF and 9' wide. 5.There is a large tree within 150 LF of every parking space. 6.(7) Shumard Oak =7 parking lot trees 7.Landscape is proposed with street trees and 36" evergreen hedge. PLANT SCHEDULE Symbol Qty Botanical Name Common Name Scheduled Size Remarks Trees 15 Cercis canadensis Eastern Redbud 3" Cal.; 10' Hgt.B & B 3 Ilex x attenuata 'Fosteri'Foster Holly 3" Cal.; 8' Hgt. 3 Ilex x Nellie R Stevens Nellie Stevens Holly 10'-12' Hgt., 4'-5' Spr.Full, low branched 9 Lagerstroemia indica 'Natchez'Natchez Crepe Myrtle 3" Cal.Standard 10 Magnolia grandiflora 'Teddy Bear'Teddy Bear Southern Magnolia 10'-12' Hgt. Full 13 Quercus shumardii Shumard Oak 3" Cal; 12' Hgt B & B; single straight leader 8 Quercus virginiana 'QVTIA' P.P.# 11219 Highrise(R) Live Oak 6" Cal.; 16'Hgt.B & B 6 Ulmus crassifolia Cedar Elm 4" Cal.; 14' Hgt.B & B 15 Ungnadia speciosa Mexican Buckeye 3" Cal.B & B; multi-trunk Shrubs 17 Abelia x grandiflora Glossy Abelia 5 Gal 3 Callicarpa americana American Beautyberry 5 Gal. 109 Hesperaloe parviflora Red Yucca 5 Gal. 36 Hydrangea quercifolia 'Ruby Slippers'Ruby Slippers Oakleaf Hydrangea 5 Gal. 295 Ilex cornuta 'Dwarf Burford Holly'Dwarf Burford Holly 6' Hgt.48" O.C. 99 Ilex vomitoria ‘Stokes Dwarf’Stoke's Dwarf Yaupon Holly 3 Gal. 138 Miscanthus sinensis 'Yakushima'Dwarf Maiden Grass 5 Gal. 101 Panicum virgatum 'Heavy Metal'Heavy Metal Switch Grass 5 Gal. 104 Spiraea japonica 'Goldmound'Goldmound Spiraea 5 Gal. Groundcovers 287 Liriope muscari 'Variegata'Variegated Liriope 1 Gal.Plant 18" OC 291 Trachelospermum asiaticum Asiatic Jasmine 1 Gal. Other 16,745 Rock Mulch Rock Mulch SF.See general landscape notes & mulch Specifications 0 30 60 FT EXHIBIT C: LANDSCAPE PLAN ZONE-24-0021 SITE PLAN FOR: FRONTIER RETAIL CENTER REVISED BLOCK A, LOTS 1 AND 2, AN ADDITION TO THE TOWN OF PROSPER, COLLIN COUNTY, TEXAS 2.787 GROSS ACRES OF LAND LOCATED IN THE COLLIN COUNTY SCHOOL LAND SURVEY, SECTION NO. 12, ABSTRACT NO. 147 TOWN OF PROSPER, COLLIN COUNTY, TEXAS Date of Preparation: August 22, 2024NOPARKINGNOPARKINGBYP ASS BYP ASS BYPASSBYPASSBYPASSNORTH DALLAS PARKWAY(VARIABLE-WIDTH RIGHT-OF-WAY)VOL. 5772, PG. 2404INST. NO. 20060425000545800O.P.R.T.C.T.LOT 7 BLOCK A FRONTIER RETAIL CENTER REVISED VOL 2024, PG. 145 P.R.C.C.T. PP 56-Asiatic Jasmine HR HR 2-Highrise Live Oak 5-Mexican Buckeye 5-Mexican Buckeye 5-Mexican Buckeye 3-Southern Waxmyrtle 5-Southern Waxmyrtle 3-Eastern Redbud 5-Eastern Redbud 1-Natchez Crepe Myrtle 1-Natchez Crepe Myrtle 5-Southern Waxmyrtle 2-Natchez Crepe Myrtle3-Eastern Redbud 2-Shumard Oak 74-Asiatic Jasmine 80-Asiatic Jasmine 2-Natchez Crepe Myrtle 6-Cedar Elm HR HR HR HR HR HR 6-Highrise Live Oak 9-Heavy Metal Switch Grass 19-Stoke's Dwarf Yaupon Holly 10-Heavy Metal Switch Grass 19-Stoke's Dwarf Yaupon Holly 7-Stoke's Dwarf Yaupon Holly 3-Heavy Metal Switch Grass 6-Stoke's Dwarf Yaupon Holly 3-Heavy Metal Switch Grass 11-Stoke's Dwarf Yaupon Holly 81-Asiatic Jasmine Sod Sod Sod Sod Sod Sod Sod Sod Sod Sod 23-Red Yucca 28-Red Yucca 28-Red Yucca 17-Goldmound Spiraea Sod Sod 9-Goldmound Spiraea75-Variegated Liriope 29-Goldmound Spiraea 101-Variegated Liriope Sod SodSod 7-Heavy Metal Switch Grass 10-Stoke's Dwarf Yaupon Holly 25-Dwarf Burford Holly 22-Heavy Metal Switch Grass 150 LF Parking Radius Rock Mulch Rock Mulch Rock Mulch 6-Heavy Metal Switch Grass 9-Heavy Metal Switch Grass 33-Dwarf Burford Holly Sod Sod 19-Dwarf Burford Holly 10-Stoke's Dwarf Yaupon Holly 9-Heavy Metal Switch Grass 7-Stoke's Dwarf Yaupon Holly 2-Shumard Oak 16-Heavy Metal Switch Grass 5-Teddy Bear Southern Magnolia 9-Ruby Slippers Oakleaf Hydrangea 9-Glossy Abelia 15-Dwarf Maiden Grass 3-American Beautyberry 32-Dwarf Maiden Grass 8-Glossy Abelia 21-Ruby Slippers Oakleaf Hydrangea 1-Shumard Oak 1-Natchez Crepe Myrtle 5-Dwarf Maiden Grass 5-Red Yucca 36-Dwarf Maiden Grass 2-Natchez Crepe Myrtle 55-Dwarf Burford Holly 103-Dwarf Burford Holly 5-Teddy Bear Southern Magnolia 11-Goldmound Spiraea 3-Nellie Stevens Holly PERIMETER A PERIMETER BPERIMETER C 16-Existing Tree to Remain Tree Protection Fence 3-Foster Holly 6-Dwarf Burford Holly 17-Red Yucca 18-Dwarf Maiden Grass 8-Southern Waxmyrtle 25-Dwarf Burford Holly 7-Heavy Metal Switch Grass 4-Eastern Redbud 111-Variegated Liriope26-Goldmound Spiraea 21-Dwarf Burford Holly 30' FIRE LANE, ACCESS, AND UTILITY EASEMENTVOL. 2024, PG. 145P.R.C.C.T.15' WATER EASEMENTVOL. 2024, PG. 145P.R.C.C.T.1/2" IRF"EAGLE SURVEYING"(CM)30' FIRE LANE, ACCESS, AND UTILITY EASEMENTVOL. 2024, PG. 145P.R.C.C.T.10' LANDSCAPEEASEMENT PER ZONING10' LANDSCAPE EASEMENT PER ZONING 15' BUILDINGSETBACK PER ZONING30' BUILDING SETBACK PER ZONING 30' BUILDING SETBACK PER ZONING 8-Shumard Oak 12-Goldmound Spiraea 6-Ruby Slippers Oakleaf Hydrangea 32-Dwarf Maiden Grass 8-Dwarf Burford Holly Hike and Bike Trail Hike and Bike Trail Hike and Bike Trail 10-Stoke's Dwarf Yaupon Holly 8-Red Yucca Page 303 Item 11. LANDSCAPE RENDERINGWIER & ASSOCIATES, INC.ENGINEERS •SURVEYORS •LAND PLANNERS Chick-fil-ATown of ProsperZONE-24-0021North Dallas Pkwy & Frontier PkwyPlanning & Zoning CommissionPage 304Item 11. WATER TABLE 3'-0"T/ SOLDIER 13'-0"T/ LOW PLATE 22'-10 1/2"T/ HIGH PLATE 24'-10"T/ SLAB 0"B/ CANOPY 9'-8"WATER TABLE 8'-0"SN-1SN-2BR-APT-113ST-1BR-AEC-1CP-2CP-1RTU#2RTU #1RTU #4RTU #3BR-ACORNICE DETAILROWLOCK COURSE -1" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONROWLOCK COURSE -1" PROJECTIONA1A1A2A1A2A1A2A1A2A1A2A2A2MATERIAL CALCULATION TABLEEAST ELEVATIONBRICK VENEER -BR-ASTONE VENEER -SN-11,247.5 SF891.9 SF58.3 %41.7 %MATERIAL SURFACE AREAPERCENTAGETOTAL SURFACE AREA2,501.6 SFGLAZING SURFACE AREA362.2 SFNET SURFACE AREA2,139.4 SF• THIS CONCEPTUAL ELEVATION IS FOR CONCEPTUAL PURPOSES ONLY. ALL BUILDING PLANS REQUIRE REVIEW AND APPROVAL FROM THE BUILDING INSPECTION DIVISION• ALL MECHANICAL EQUIPMENT SHALL BE SCFEENED FROM PUBLIC VIEW. ROOFTOP MOUNTED EQUIPMENT SHALL BE SCREENED BY A PARAPET WALL OR SCREENING WALL. SCREENING WALLS SHALL MEET THE SPECIFICATIONS OF THE ZONING ORDINANCE• WHEN PERMITTED, EXPOSED UTILITY BOXES AND CONDUITS SHALL BE PAINTED TO MATCH THE BUILDING• ALL SIGNAGE AREAS AND LOCATIONS ARE SUBJECT TO APPROVAL BY THE BUILDING INSPECTION DIVISION• WINDOWS SHALL HAVE A MAXIMUM EXTERIOR VISIBLE REFLECTIVITY OF TEN (10) PERCENT3'-5 1/2"20'-4 1/2"15'-3"32'-3"31'-8 1/2"15'-11"2'-11 1/2"2'-0 1/2"6'-4"3'-9 1/2"6'-4"1'-10 1/2"1'-3 3/4"5'-4"8'-7 1/4"1'-11 1/2"28'-4"1'-11 1/2"7'-10 1/2"6'-4"2'-4"7'-4"7'-10"4'-9 1/2"6'-4"4'-9 1/2"1'-0"4'-0"1'-0"4'-0"4'-0"1'-0"1'-0"A1ARTICULATED SILL W/ 1" PROJECTIONA2 PROJECTED AWNING / SUNSHADEFACADE PLAN KEYNOTESInformation contained on this drawing and in all digital files produced for above named project may not be reproduced in any manner without express written or verbal consent from authorized project representatives.CONSULTANT PROJECT #PRINTED FORDATESHEETSHEET NUMBERDRAWN BYREVISION SCHEDULEA1234BCDEABCDE1234BUILDING TYPE / SIZE:RELEASE:#11/7/2024 2:36:40 PMAutodesk Docs://TX_05898_DNT & W Frontier Pkwy_2024.7_FSR/05898_DNT & W Frontier Pkwy_ARC.rvt11/7/2024 2:36:40 PM11/7/2024 2:36:40 PMA-303FACADE PLANPLANNINGAuthorDNT & W Frontier Pkwy FSU05898N Dallas PkwyProsper, TX 7507810-LE-05898-A-303-FACADE PLAN2406724.05P14 LE BNFSRConstruction ManagementSSOCIATES,Phone: (972) 386-033814881 Quorum Dr.Dallas, TexasAYSE &ArchitectureMPlanningASuite 80075254NC.Iwww.MayseAssociates.com1/4" = 1'-0"EAST ELEVATION -MAIN ENTRYD4FINISH SCHEDULE - EXTERIORMARK DESCRIPTION MANUFACTURER MODEL NAMEMODELNUMBERCOLOR NOTEBR-A BRICK VENEER (PRIMARY) HEBRON BRICK MODULAR SLATE GRAY MORTAR: ARGOS CHARCOALCP-1 CANOPY METAL FASCIA DURA COAT DC19ST-2703 DARK BRONZE OIL RUBBED BRONZE METALLICTEXTURE PVDCP-2 CANOPY METAL DECK WHITE SMOOTH WHITE, HIGH GLOSSEC-1 PARAPET WALL COPING DUROLAST /EXCEPTIONAL METALSMIDNIGHTBRONZEPT-100 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SW 2807 ROOKWOOD REFUSE ENCLOSURE. FINISH:SEMI-GLOSS ON DOOR FRAMES,SATIN ON WALLSPT-113 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SWBronzetoneDARK BRONZE FINISH: SEMI-GLOSSSN-1 LIMESTONE VENEER BLACKSON BRICK CO. BLACKSONGOLDMORTAR: ARGOS IVORY BUFFSN-2 STONE TRIM BLACKSON BRICK CO. BLACKSONCREAMMORTAR: ARGOS IVORY BUFFST-1 STOREFRONT YKK YES 45 DARK BRONZE(MATTE)NO.DATEDESCRIPTIONEXHIBIT D: FACADE PLANZONE-24-0021FRONTIER RETAIL CENTER REVISEDBLOCK A, LOTS 1 AND 2AN ADDITION TO THE TOWN OF PROSPER,COLLIN COUNTY, TEXAS2.787 GROSS ACRES OFLAND LOCATED IN THECOLLIN COUNTY SCHOOL LAND SURVEY,SCTION NO. 12, ABSTRACT NO. 147TOWN OF PROSPER, COLLIN COUNTY, TEXAS1" = 50'-0"KEY MAPNORTH1/4" = 1'-0"SOUTH ARTICULATION PLANC4Page 305Item 11. T/ HIGH PLATE 24'-10"T/ LOW PLATE 22'-10 1/2"T/ SOLDIER 13'-0"WATER TABLE 3'-0"T/ SLAB 0"EC-1SN-1BR-ASN-2ST-1CP-2CP-1BR-ASN-1BR-APT-113PT-113B/ CANOPY 9'-8"C/ SCONCE 8'-0"RTU#2RTU #1RTU #4RTU #3A1A2A1A1A1A2A1A2A1A2A1CORNICE DETAILROWLOCK COURSE -1" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONROWLOCK COURSE -1" PROJECTIONMATERIAL CALCULATION TABLEWEST ELEVATIONBRICK VENEER -BR-ASTONE VENEER -SN-11,307.7 SF847.8 SF60.7 %39.3 %MATERIAL SURFACE AREAPERCENTAGETOTAL SURFACE AREA2,503 SFGLAZING SURFACE AREA347.5 SFNET SURFACE AREA2,155.5 SF• THIS CONCEPTUAL ELEVATION IS FOR CONCEPTUAL PURPOSES ONLY. ALL BUILDING PLANS REQUIRE REVIEW AND APPROVAL FROM THE BUILDING INSPECTION DIVISION• ALL MECHANICAL EQUIPMENT SHALL BE SCFEENED FROM PUBLIC VIEW. ROOFTOP MOUNTED EQUIPMENT SHALL BE SCREENED BY A PARAPET WALL OR SCREENING WALL. SCREENING WALLS SHALL MEET THE SPECIFICATIONS OF THE ZONING ORDINANCE• WHEN PERMITTED, EXPOSED UTILITY BOXES AND CONDUITS SHALL BE PAINTED TO MATCH THE BUILDING• ALL SIGNAGE AREAS AND LOCATIONS ARE SUBJECT TO APPROVAL BY THE BUILDING INSPECTION DIVISION• WINDOWS SHALL HAVE A MAXIMUM EXTERIOR VISIBLE REFLECTIVITY OF TEN (10) PERCENT3'-4 1/2"2'-7 1/2"21'-7 1/2"74'-9"20'-1"4'-0 3/4"13'-6"4'-0 3/4"9'-0 1/4"6'-4"8'-6 1/4"27'-0"8'-6 1/4"6'-4"9'-0 1/4"1'-0"4'-0"1'-0"4'-0"A1ARTICULATED SILL W/ 1" PROJECTIONA2 PROJECTED AWNING / SUNSHADEFACADE PLAN KEYNOTESInformation contained on this drawing and in all digital files produced for above named project may not be reproduced in any manner without express written or verbal consent from authorized project representatives.CONSULTANT PROJECT #PRINTED FORDATESHEETSHEET NUMBERDRAWN BYREVISION SCHEDULEA1234BCDEABCDE1234BUILDING TYPE / SIZE:RELEASE:#11/7/2024 2:38:01 PMAutodesk Docs://TX_05898_DNT & W Frontier Pkwy_2024.7_FSR/05898_DNT & W Frontier Pkwy_ARC.rvt11/7/2024 2:38:01 PM11/7/2024 2:38:01 PMA-304FACADE PLANPLANNINGAuthorDNT & W Frontier Pkwy FSU05898N Dallas PkwyProsper, TX 7507810-LE-05898-A-304-FACADE PLAN2406724.05P14 LE BNFSRConstruction ManagementSSOCIATES,Phone: (972) 386-033814881 Quorum Dr.Dallas, TexasAYSE &ArchitectureMPlanningASuite 80075254NC.Iwww.MayseAssociates.comNO.DATEDESCRIPTIONEXHIBIT D: FACADE PLANZONE-24-0021FRONTIER RETAIL CENTER REVISEDBLOCK A, LOTS 1 AND 2AN ADDITION TO THE TOWN OF PROSPER,COLLIN COUNTY, TEXAS2.787 GROSS ACRES OFLAND LOCATED IN THECOLLIN COUNTY SCHOOL LAND SURVEY,SCTION NO. 12, ABSTRACT NO. 147TOWN OF PROSPER, COLLIN COUNTY, TEXAS1/4" = 1'-0"WEST ELEVATIOND4NORTH1" = 50'-0"KEY MAPFINISH SCHEDULE - EXTERIORMARK DESCRIPTION MANUFACTURER MODEL NAMEMODELNUMBERCOLOR NOTEBR-A BRICK VENEER (PRIMARY) HEBRON BRICK MODULAR SLATE GRAY MORTAR: ARGOS CHARCOALCP-1 CANOPY METAL FASCIA DURA COAT DC19ST-2703 DARK BRONZE OIL RUBBED BRONZE METALLICTEXTURE PVDCP-2 CANOPY METAL DECK WHITE SMOOTH WHITE, HIGH GLOSSEC-1 PARAPET WALL COPING DUROLAST /EXCEPTIONAL METALSMIDNIGHTBRONZEPT-100 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SW 2807 ROOKWOOD REFUSE ENCLOSURE. FINISH:SEMI-GLOSS ON DOOR FRAMES,SATIN ON WALLSPT-113 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SWBronzetoneDARK BRONZE FINISH: SEMI-GLOSSSN-1 LIMESTONE VENEER BLACKSON BRICK CO. BLACKSONGOLDMORTAR: ARGOS IVORY BUFFSN-2 STONE TRIM BLACKSON BRICK CO. BLACKSONCREAMMORTAR: ARGOS IVORY BUFFST-1 STOREFRONT YKK YES 45 DARK BRONZE(MATTE)1/4" = 1'-0"WEST ARTICULATION PLANC4Page 306Item 11. T/ SOLDIER 13'-0"T/ LOW PLATE 22'-10 1/2"T/ HIGH PLATE 24'-10"B/ CANOPY 9'-8"C/ SCONCE 8'-0"WATER TABLE 3'-0"T/ SLAB 0"SN-1SN-2BR-ACP-1CP-2BR-ASN-1EC-1RTU #4RTU #1RTU #2RTU #3BR-ACORNICE DETAILROWLOCK COURSE -1" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONROWLOCK / TRIM -1" PROJECTIONT/ HIGH PLATE 24'-10"T/ LOW PLATE 22'-10 1/2"T/ SOLDIER 14'-4"B/ CANOPY 9'-8"C/ SCONCE 8'-0"WATER TABLE 3'-0"T/ SLAB 0"BR-ASN-1EC-1PT-113SN-1BR-APT-113SN-1SN-2SN-2PT-113ST-1RTU #4RTU #1RTU #2RTU #3BR-AA1A2A1A2SN-2CORNICE DETAILROWLOCK COURSE -1" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONSOLDIER COURSE -1/2" PROJECTIONROWLOCK / TRIM -1" PROJECTIONMATERIAL CALCULATION TABLENORTH ELEVATIONBRICK VENEER -BR-ASTONE VENEER -SN-1398.5 SF390.6 SF47.2 %46.3 %MATERIAL SURFACE AREAPERCENTAGETOTAL SURFACE AREA939 SFGLAZING SURFACE AREA95 SFNET SURFACE AREA844 SFPAINTED METAL DOORS -PT-11354.9 SF6.5 %MATERIAL CALCULATION TABLESOUTH ELEVATIONBRICK VENEER -BR-ASTONE VENEER -SN-1370.5 SF551.2 SF40.2 %59.8 %MATERIAL SURFACE AREAPERCENTAGETOTAL SURFACE AREA975.4 SFGLAZING SURFACE AREA53.7 SFNET SURFACE AREA921.7 SF• THIS CONCEPTUAL ELEVATION IS FOR CONCEPTUAL PURPOSES ONLY. ALL BUILDING PLANS REQUIRE REVIEW AND APPROVAL FROM THE BUILDING INSPECTION DIVISION• ALL MECHANICAL EQUIPMENT SHALL BE SCFEENED FROM PUBLIC VIEW. ROOFTOP MOUNTED EQUIPMENT SHALL BE SCREENED BY A PARAPET WALL OR SCREENING WALL. SCREENING WALLS SHALL MEET THE SPECIFICATIONS OF THE ZONING ORDINANCE• WHEN PERMITTED, EXPOSED UTILITY BOXES AND CONDUITS SHALL BE PAINTED TO MATCH THE BUILDING• ALL SIGNAGE AREAS AND LOCATIONS ARE SUBJECT TO APPROVAL BY THE BUILDING INSPECTION DIVISION• WINDOWS SHALL HAVE A MAXIMUM EXTERIOR VISIBLE REFLECTIVITY OF TEN (10) PERCENT17'-6 1/2"25'-1"3'-3"5'-7 1/2"6'-4"5'-7"9'-4"6'-4"3'-3 3/4"5'-4"9 1/4"1'-0"4'-0"1'-0"5'-0 1/2"18'-6 1/2"23'-7"3'-4 1/2"2'-7 1/2"31'-8 1/2"28'-6 1/2"3'-2"A1ARTICULATED SILL W/ 1" PROJECTIONA2PROJECTED AWNING / SUNSHADEFACADE PLAN KEYNOTESInformation contained on this drawing and in all digital files produced for above named project may not be reproduced in any manner without express written or verbal consent from authorized project representatives.CONSULTANT PROJECT #PRINTED FORDATESHEETSHEET NUMBERDRAWN BYREVISION SCHEDULEA1234BCDEABCDE1234BUILDING TYPE / SIZE:RELEASE:#11/7/2024 2:41:00 PMAutodesk Docs://TX_05898_DNT & W Frontier Pkwy_2024.7_FSR/05898_DNT & W Frontier Pkwy_ARC.rvt11/7/2024 2:41:00 PM11/7/2024 2:41:00 PMA-305FACADE PLANPLANNINGAuthorDNT & W Frontier Pkwy FSU05898N Dallas PkwyProsper, TX 7507810-LE-05898-A-305-FACADE PLAN2406724.05P14 LE BNFSRConstruction ManagementSSOCIATES,Phone: (972) 386-033814881 Quorum Dr.Dallas, TexasAYSE &ArchitectureMPlanningASuite 80075254NC.Iwww.MayseAssociates.com1/4" = 1'-0"SOUTH ELEVATIOND41/4" = 1'-0"NORTH ELEVATIOND2FINISH SCHEDULE - EXTERIORMARK DESCRIPTION MANUFACTURER MODEL NAMEMODELNUMBERCOLOR NOTEBR-A BRICK VENEER (PRIMARY) HEBRON BRICK MODULAR SLATE GRAY MORTAR: ARGOS CHARCOALCP-1 CANOPY METAL FASCIA DURA COAT DC19ST-2703 DARK BRONZE OIL RUBBED BRONZE METALLICTEXTURE PVDCP-2 CANOPY METAL DECK WHITE SMOOTH WHITE, HIGH GLOSSEC-1 PARAPET WALL COPING DUROLAST /EXCEPTIONAL METALSMIDNIGHTBRONZEPT-100 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SW 2807 ROOKWOOD REFUSE ENCLOSURE. FINISH:SEMI-GLOSS ON DOOR FRAMES,SATIN ON WALLSPT-113 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SWBronzetoneDARK BRONZE FINISH: SEMI-GLOSSSN-1 LIMESTONE VENEER BLACKSON BRICK CO. BLACKSONGOLDMORTAR: ARGOS IVORY BUFFSN-2 STONE TRIM BLACKSON BRICK CO. BLACKSONCREAMMORTAR: ARGOS IVORY BUFFST-1 STOREFRONT YKK YES 45 DARK BRONZE(MATTE)EXHIBIT D: FACADE PLANZONE-24-0021FRONTIER RETAIL CENTER REVISEDBLOCK A, LOTS 1 AND 2AN ADDITION TO THE TOWN OF PROSPER,COLLIN COUNTY, TEXAS2.787 GROSS ACRES OFLAND LOCATED IN THECOLLIN COUNTY SCHOOL LAND SURVEY,SCTION NO. 12, ABSTRACT NO. 147TOWN OF PROSPER, COLLIN COUNTY, TEXASNO.DATEDESCRIPTIONNORTH1" = 50'-0"KEY MAP1/4" = 1'-0"NORTH ARTICULATION PLANC21/4" = 1'-0"SOUTH ARTICULATION PLANB4Page 307Item 11. PT-113BR-AEC-1T.O. SLAB 0"T.O. BOND BEAM 8'-0"HEADER 7'-4"T.O. BOND BEAM 9'-4"BR-APT-113EC-1T.O. BOND BEAM 8'-0"HEADER 7'-4"T.O. SLAB 0"T.O. BOND BEAM 9'-4"BR-APT-113EC-1T.O. BOND BEAM 8'-0"HEADER 7'-4"T.O. SLAB 0"T.O. BOND BEAM 9'-4"BR-AEC-1T.O. BOND BEAM 8'-0"T.O. SLAB 0"T.O. BOND BEAM 9'-4"D1A-306B1A-306E1A-306C1A-30625'-4"11'-0"A-306D3• THIS CONCEPTUAL ELEVATION IS FOR CONCEPTUAL PURPOSES ONLY. ALL BUILDING PLANS REQUIRE REVIEW AND APPROVAL FROM THE BUILDING INSPECTION DIVISION• ALL MECHANICAL EQUIPMENT SHALL BE SCFEENED FROM PUBLIC VIEW. ROOFTOP MOUNTED EQUIPMENT SHALL BE SCREENED BY A PARAPET WALL OR SCREENING WALL. SCREENING WALLS SHALL MEET THE SPECIFICATIONS OF THE ZONING ORDINANCE• WHEN PERMITTED, EXPOSED UTILITY BOXES AND CONDUITS SHALL BE PAINTED TO MATCH THE BUILDING• ALL SIGNAGE AREAS AND LOCATIONS ARE SUBJECT TO APPROVAL BY THE BUILDING INSPECTION DIVISION• WINDOWS SHALL HAVE A MAXIMUM EXTERIOR VISIBLE REFLECTIVITY OF TEN (10) PERCENT118'-11 1/2"Information contained on this drawing and in all digital files produced for above named project may not be reproduced in any manner without express written or verbal consent from authorized project representatives.CONSULTANT PROJECT #PRINTED FORDATESHEETSHEET NUMBERDRAWN BYREVISION SCHEDULEA1234BCDEABCDE1234BUILDING TYPE / SIZE:RELEASE:#1/16/2025 1:07:38 PMAutodesk Docs://TX_05898_DNT & W Frontier Pkwy_2024.7_FSR/05898_DNT & W Frontier Pkwy_ARC.rvt1/16/2025 1:07:38 PM1/16/2025 1:07:38 PMA-306FACADE PLANPLANNINGAuthorDNT & W Frontier Pkwy FSU05898N Dallas PkwyProsper, TX 7507810-LE-05898-A-306-FACADE PLAN2406724.05P14 LE BNFSRConstruction ManagementSSOCIATES,Phone: (972) 386-033814881 Quorum Dr.Dallas, TexasAYSE &ArchitectureMPlanningASuite 80075254NC.Iwww.MayseAssociates.comNO.DATEDESCRIPTIONEXHIBIT D: FACADE PLANZONE-24-0021FRONTIER RETAIL CENTER REVISEDBLOCK A, LOTS 1 AND 2AN ADDITION TO THE TOWN OF PROSPER,COLLIN COUNTY, TEXAS2.787 GROSS ACRES OFLAND LOCATED IN THECOLLIN COUNTY SCHOOL LAND SURVEY,SCTION NO. 12, ABSTRACT NO. 147TOWN OF PROSPER, COLLIN COUNTY, TEXASNORTHFINISH SCHEDULE - EXTERIORMARK DESCRIPTION MANUFACTURER MODEL NAMEMODELNUMBERCOLOR NOTEBR-A BRICK VENEER (PRIMARY) HEBRON BRICK MODULAR SLATE GRAY MORTAR: ARGOS CHARCOALCP-1 CANOPY METAL FASCIA DURA COAT DC19ST-2703 DARK BRONZE OIL RUBBED BRONZE METALLICTEXTURE PVDCP-2 CANOPY METAL DECK WHITE SMOOTH WHITE, HIGH GLOSSEC-1 PARAPET WALL COPING DUROLAST /EXCEPTIONAL METALSMIDNIGHTBRONZEPT-100 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SW 2807 ROOKWOOD REFUSE ENCLOSURE. FINISH:SEMI-GLOSS ON DOOR FRAMES,SATIN ON WALLSPT-113 EXTERIOR PAINT SHERWIN WILLIAMS SHER-CRYL HIGH PERFORMANCEACRYLIC #B66-350SWBronzetoneDARK BRONZE FINISH: SEMI-GLOSSSN-1 LIMESTONE VENEER BLACKSON BRICK CO. BLACKSONGOLDMORTAR: ARGOS IVORY BUFFSN-2 STONE TRIM BLACKSON BRICK CO. BLACKSONCREAMMORTAR: ARGOS IVORY BUFFST-1 STOREFRONT YKK YES 45 DARK BRONZE(MATTE)1/4" = 1'-0"REFUSE ENCLOSURE -EASTE11/4" = 1'-0"REFUSE ENCLOSURE -NORTHB11/4" = 1'-0"REFUSE ENCLOSURE -SOUTHC11/4" = 1'-0"REFUSE ENCLOSURE -WESTD11/4" = 1'-0"REFUSE ENCLOSURE PLAND31" = 50'-0"KEY MAPNORTH1/8" = 1'-0"ARTWORK PLANB4NORTH1/8" = 1'-0"ARTWORK -EAST ELEVATIONC4Page 308Item 11. Agenda Item Conduct a Public Hearing and consider and act upon a request for a Specific Use Permit for a Drive-Through Restaurant on Frontier Retail Center Revised, Block A, Lots 1-2, on 2.8±acres, located on the east side of Dallas Parkway and 800±feet south of Frontier Parkway. (ZONE-24-0021) Page 309 Item 11. Proposal Purpose: •Obtain a Specific Use Permit for a Drive-Through Restaurant •Drive-Through Restaurant (5,385 SF) with Patio (437 SF) Page 310 Item 11. Page 311 Item 11. Surrounding Zoning Zoning Current Land Use Future Land Use Plan Subject Property Planned Development- 69 Vacant Dallas North Tollway District North Planned Development- 69 Vacant Dallas North Tollway District East Planned Development- 69 HEB Dallas North Tollway District South Commercial Corridor Vacant Dallas North Tollway District West Commercial Vacant Dallas North Tollway District Page 312 Item 11. Page 313 Item 11. History Planned Development-69 (Tract 1): •Preliminary Site Plan (D22-0098) for Tract 1 approved on June 6, 2023. •Two standalone restaurants shown on Lots 1-2. •Multiple Site Plans approved in Tract 1. •Chase Bank (DEVAPP-24-0123) •HEB (DEVAPP-23-0182) •McDonald’s (DEVAPP-23-0202) Page 314 Item 11. Page 315 Item 11. Page 316 Item 11. Page 317 Item 11. Drive-Through Standards Comprehensive Plan: •Recommended revising development regulations pertaining to drive-throughs. Ordinance Amendments: •Amendments to design criteria for drive-throughs adopted by Town Council on January 9, 2024. •Included prohibiting stacking/drive-through lanes between a building and adjacent right-of-way. Page 318 Item 11. Page 319 Item 11. Page 320 Item 11. Applicant Request Specific Use Permit Request: •Allowance for stacking/drive-through lanes between building and adjacent right-of-way. Page 321 Item 11. Page 322 Item 11. Page 323 Item 11. Page 324 Item 11. Page 325 Item 11. Page 326 Item 11. Specific Use Permit Requests Criteria: •Is the use harmonious and compatible with its surrounding existing uses or proposed uses? •Are the activities requested by the applicant normally associated with the requested uses? •Is the nature of the use reasonable? •Has any impact on the surrounding area been mitigated? Page 327 Item 11. Noticing Notices: •Friday, February 21st Citizen Response: •None Page 328 Item 11. Recommendation Town Staff: •Denial Planning & Zoning Commission: •Approval (7-0) subject to landscaping along Dallas Parkway matching landscape rendering. Page 329 Item 11.