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08.12.25 Town Council Meeting PresentationWelcome to the August 12, 2025, Prosper Town Council Meeting Call to Order/Roll Call Invocation, Pledge of Allegiance, and Pledge to the Texas Flag. Pledge to the Texas Flag Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible. Announcements Consent Agenda Agenda Item 1. Consider and act upon the minutes of the July 22, 2025, Town Council Work Session meeting. (MLS) Agenda Item 2. Consider and act upon the minutes of the July 22, 2025, Town Council Regular meeting. (MLS) Agenda Item 3 . Receive the Quarterly Investment Report for the Third Quarter. (CL) Agenda Item 4. Consider and act upon an ordinance amending Division 7, "Addressing the Town Council," of Article 1.02 of Chapter 1 of the Town's Code of Ordinances by adding Section 1.02.194, "Addressing the Town Council." (TW) Agenda Item 5. Consider and act upon authorizing the Town Manager to execute an Interlocal Cooperation Agreement between the Town of Litle Elm and the Town of Prosper for the Coordination of the Ironman Competition route. (MC) Agenda Item 6. Consider and act upon authorizing the Town Manager to execute a Construction Agreement awarding Competitive Sealed Bid No. 2025-11 -B to Ratliff Hardscape, Ltd. for the Doe Branch Pedestrian Trail and Bridge in the amount of $1,458,730. (DB) Agenda Item 7. Consider and act upon authorizing the Town Manager to execute the Roadway Design, Construction and Reimbursement Agreement between Prosper Economic Development Corporation, Blue Star Land L.P., and the Town of Prosper, Texas, related to the design and construction of Godwin Parkway. (HW) Agenda Item 8. Consider and act upon authorizing the Town Manger to execute Contract Amendment No. 1 to the Professional Engineering Services Agreement between Freese and Nichols, Inc., and the Town of Prosper, Texas, related to the design of the Custer Road 6MG Ground Storage Tank project for $164,750. (PA) Agenda Item 9. Consider and act upon an ordinance to rezone 0.6± acre from Planned Development to Single Family-15 on Haiman Addition, Block A, Lot 1, on 0.6± acre, located on the north side of Seventh Street and 120± feet west of Church Street. (ZONE-24-0002) (DH) Agenda Item 10. Consider and act upon authorizing the Town Manager to execute a Development Agreement between Haiman Family Wealth Trust and the Town of Prosper relative to Haiman Addition, Block A, Lot 1, on 0.6± acre, located on the north side of Seventh Street and 120± feet west of Church Street. (DEVAGRE-25-0001) (DH) Agenda Item 11. 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) Preston and Frontier, Block A, Lots 1-4 (DEVAPP-23-0183) Information Purpose: •Construct nine commercial buildings on four lots totaling 138,733 square feet and associated parking. •Lot 1: Grocery Store (78,517 SF) •Lot 2: Convenience Store with Gas Pumps (3,128 SF) •Only permitted in association with grocery store on Lot 1 as noted in the Site Data Summary Table. •Lot 3: Bank (4,261 SF), Restaurant (3,001 SF)*, and Two Restaurant/Retail Buildings (24,860 SF) •Lot 4: Two Restaurants (8,008 SF)* and a Restaurant/Retail Building (16,958 SF) * All drive-through restaurants will require approval of a Specific Use Permit. * Information Cont. History: •Project submitted in October of 2023 •Prior to Zoning Ordinance Amendment for Drive-Through Regulations Property Owners’ Association (POA): •Prior to platting the property into separate lots, a POA will be finalized to establish duties and responsibilities for the lots within the development. Information Cont. Staff Conditions: •Drive-Through Restaurants subject to approval of a Specific Use Permit. •Convenience Store with Gas Pumps to be associated with Grocery Store. •Creation of Property Owner’s Association prior to recordation of a plat to subdivide the property. August 5, 2025: Planning & Zoning Commission approved the item by a vote of 4 -0, subject to Town Staff’s recommendations including the clarification that the convenience store with gas pumps being associated with the grocery store means one may not be constructed without the other. Citizen Comments Regular Agenda Pursuant to Section 551.007 of the Texas Government Code, individuals wishing to address the Council for items listed as public hearings will be recognized when the public hearing is opened. Agenda Item 12. Consider and act upon an ordinance calling a Bond Election to be held on November 4, 2025, and providing for the administration of the Election. (RBS/CL) Bond Committee To Date ❑On September 24, 2024, Town Council appointed a bond committee of ten citizens and three council liaisons ❑The committee was given the following charges: ❑Present a recommendation for a “No Tax Rate Increase” Bond Election ❑Capacity was determined to be $165 million (later revised to $184 million ❑Projects initially considered included infrastructure, parks, library, police expansion ❑Projects reflective of the Town’s Strategic Vision and community values ❑As a starting point capacity was split 55%/45% Infrastructure to all other projects Bond Committee To Date ❑The committee met seven times to: ❑Hear presentations from Town staff and consultants ❑Tour current Town facilities ❑Tour similar facilities in nearby communities ❑Prioritize and reprioritize projects to stay within budget and best balance needs and community values ❑On July 22, 2025 Council Meeting, Chair Kevin Greene presented the committee’s final recommendation and each Director with referendum questions reviewed in detail the projects comprising their referendum question. Bond Committee Members •Committee Members •Council Liaisons •Mayor Pro-Tem Bartley •Deputy Mayor Pro-Tem Kern •Councilmember Reeves •Kevin Greene, Chair •Brett Butler •Shane Funk •Yvette Leslie •Rory Conley •Thomas Crystal •Jason Browning •Valerie Rodriguez •Leigh Gressett •Bob Benson Town Council Strategic Visioning Priorities ACCELERATION OF INFRASTRUCTURE •Work with the Capital improvement Subcommittee to identify gaps in the Town’s infrastructure and ensure that it meets the demands of a growing community •Utilize all available financial methods (Bonds, Certificates of Obligation, Capital Dedicated Fund, Grants, etc.) to fund projects. •Work with the Capital Improvement Subcommittee to plan for a future bond program and/or pay-as-you-go program. DEVELOPMENT OF DOWNTOWN PROSPER AS A DESTINATION •Collaborate with the Downtown Business Alliance, Community Engagement Committee, Downtown Committee, and Prosper EDC to implement the Downtown Master Plan. •Pursue a mix of public and private developments as catalysts for office, retail, restaurants, entertainment, housing, and outdoor events. ENSURE THE TOWN’S COMMERCIAL CORRIDORS ARE READY FOR DEVELOPMENT •Ensure US 380 and Dallas North Tollway are primed and ready for development. •Develop long-term strategies for land use, landscaping, lighting, and traffic. •Leverage partnerships with TxDOT, NTTA and private development. CONTINUE TO PROVIDE EXCELLENT MUNICIPAL SERVICES •Strive to be a high-performing organization focused on continuous improvement, best practices, and benchmarking. •Develop a culture of excellence and provide the financial resources necessary to support these goals. •Provide a welcoming and respectful environment for residents, visitors, and Town employees. WORK TOWARDS A GROWING AND DIVERSIFIED TAX BASE •Collaborate with Prosper EDC and be adaptable to changing market conditions. •Place an emphasis on corporate, medical, and life-sciences sectors. •Utilize metrics to create resiliency strategies against market changes. Committee Recommendation •Ultimately the Committee decided on a 46/54% split between Infrastructure and Other Needs with the recommending: •Streets $ 84,300,000 •Police Building Expansion 29,000,000 •Library 34,200,000 •Parks and Recreation 24,000,000 •Public Works/Parks Service Center 10,000,000 •Historic Silo Renovation 2,300,000 •Total $183,800,000 Summary of Recommended Questions Referendum Question 1-Streets $84,300,000 for the purpose of designing, constructing, reconstructing, improving, extending, expanding, upgrading and developing streets, roads, sidewalks, thoroughfares and related improvements in the Town. Referendum Question 2-Police $29,000,000 for the purpose of constructing, installing, acquiring and equipping additions, extensions, renovations and improvements to the police headquarters. Referendum Question 3-Library $34,200,000 for the purpose of constructing and equipping a new library facility separate from Town Hall. Referendum Question 4-Parks and Recreation $24,000,000 for the purpose of enhancing current Parks and Recreation offerings by designing, constructing, improving, equipping of parks, trails, bridges and sports fields and courts and other recreational facilities Referendum Question 5- Public Works/Parks Service Center $10,000,000 for the purpose of designing, constructing and equipping a permanent public works and parks service center at the current service center location Referendum Question 6- Silo Renovations $2,300,000 for the purpose of repairing, preserving and improving the three historic silos located west of the railroad tracks and to the southwest of the end of Broadway Street Ballot Wording •See the proposed ordinances in the agenda packet for the full wording for each proposed referendum question. •State law requires that each referendum question begin with the statement: THIS IS A PROPERTY TAX INCREASE; •The Town has adopted the Senior and Disabled tax freeze. Those individuals qualifying for this freeze will see no tax property increase •It is the Town’s intent to issue new debt only if it will not require raising the current DS tax rate so property owners will only see their taxes increase if their respective appraisal district increases values. New Developments •Since the committee formed their recommendation: •Certified roll has been received and Finance staff calculated issuance capacity at $190 million. •Development services has requested the extra capacity be used to renovate the worse parts of north bound access road of the future DNT at $8.5 million •Staff has been asked if it is possible to find alternatives other than bond funding to renovate and preserve the Town owned silos. •To accommodate these requests, staff requested Bond Counsel to draft three alternative ordinances: New Developments: •Staff requested Bond Counsel to draft three alternative ordinances: •Option 1: $183.8 million with six questions per the original Committee recommendation •Option 2: $192.3 million with same six questions but Question 1- Infrastructure has been increased by $8.5 million to $92.8 million to include NB access road •Option 3: $190 million starts with Option 2 but drops Question 6- Silos $2.3 million given request to staff explore alternatives •Bond Counsel will also be present to further modify any Option. Agenda Item 13. Discuss and consider submission of the Preliminary Fiscal Year 2025-2026 Budget. (CL) Town Council Strategic Visioning Priorities ACCELERATION OF INFRASTRUCTURE •Work with the Capital improvement Subcommittee to identify gaps in the Town’s infrastructure and ensure that it meets the demands of a growing community •Utilize all available financial methods (Bonds, Certificates of Obligation, Capital Dedicated Fund, Grants, etc.) to fund projects. •Work with the Capital Improvement Subcommittee to plan for a future bond program and/or pay-as-you-go program. DEVELOPMENT OF DOWNTOWN PROSPER AS A DESTINATION •Collaborate with the Downtown Business Alliance, Community Engagement Committee, Downtown Committee, and Prosper EDC to implement the Downtown Master Plan. •Pursue a mix of public and private developments as catalysts for office, retail, restaurants, entertainment, housing, and outdoor events. ENSURE THE TOWN’S COMMERCIAL CORRIDORS ARE READY FOR DEVELOPMENT •Ensure US 380 and Dallas North Tollway are primed and ready for development. •Develop long-term strategies for land use, landscaping, lighting, and traffic. •Leverage partnerships with TxDOT, NTTA and private development. CONTINUE TO PROVIDE EXCELLENT MUNICIPAL SERVICES •Strive to be a high-performing organization focused on continuous improvement, best practices, and benchmarking. •Develop a culture of excellence and provide the financial resources necessary to support these goals. •Provide a welcoming and respectful environment for residents, visitors, and Town employees. WORK TOWARDS A GROWING AND DIVERSIFIED TAX BASE •Collaborate with Prosper EDC and be adaptable to changing market conditions. •Place an emphasis on corporate, medical, and life-sciences sectors. •Utilize metrics to create resiliency strategies against market changes. Budget Timeline February 28, 2025 Multi-Year Budget Projections Spring/Summer 2025 Sub-Committee Meetings on Capital Project Prioritization, Debt Issuance, Market Adjustments June 24, 2025 Budget Workshop at Council Work Session July 25, 2025 Certified Rolls August 12, 2025 Presentation of Preliminary Budget, Passage of all items needed to begin Budget Adoption Process. Budget Timeline Before August 22, 2025 Sub-Committee Meetings per Council Direction August 28, 2025 Budget Town Hall Meeting September 16, 2025 Budget Public Hearing, Final Changes (if any) and Adoption; Tax Rate Public Hearing and Adoption; Tax Increase Ratification Budget in Brief Total FY 2025-2026 Preliminary Budget Operating Appropriations $124,569,796 including: •$68,131,354 for General Fund operations and maintenance, •$3,427,736 for the Crime Control and Prevention Special Purpose District, •$3,460,919 for the Fire Control, and Emergency Medical Services Special Purpose District, •$49,549,787 for the Town’s Enterprise Funds including Solid Waste, Water, and Sewer utilities as well as the Storm Drainage Utility Fund. General Debt Service Appropriations for the coming fiscal year are $19,264,147. Governmental Capital Projects added for the year total $59.6 million. Key General Fund Revenue Drivers For FY 2025-2026, General Fund revenues are expected to total $68,322,095 which is an increase of 29.6% over the previous year’s amended budget. This large increase in additional revenue is driven mostly from the transfer in of the Special Purpose Districts to pay for Public Safety personnel that are now located in the General Fund. Other increases come from property tax, sales tax, and franchise fees. The Preliminary Budget reflects 7.2% growth from FY 2024-2025 year-end projected sales tax receipts. This is the seventh year for the Special Purpose Districts that receive sales tax that had been previously reported in the General Fund. The General Fund is projecting sales tax revenue of $13,199,055 for FY 2025-2026. Fee Increases Proposed Fee Increases Include: •PILOT Revenue from 2% to 4% of gross water receipts - $833,000 •Development Fees - $1,400,000 •Building Inspections •Multi-Family Registrations •Health Permits •Engineering Fees - $364,130 •Inspections •Plan Review •Land Disturbance •Flood Study General Fund Staffing Department Title Start Date FTE Recurring One-time Grant Revenue Year 2 Finance Fiscal Services Specialist 10/1/2025 1 82,502 970 - 84,859 Police Crime Analyst 10/1/2025 1 107,127 4,162 111,289 109,766 Police Auto Theft Prevention Coordinator 10/1/2025 1 166,017 73,716 239,733 170,628 Police Police Officers 10/1/2025 4 623,570 388,584 - 667,304 Fire Firefighter/Paramedic 10/1/2025 9 1,376,339 87,406 -1,461,156 Public Works Traffic Signal Technician 10/1/2025 1 99,672 3,635 - 102,486 Parks Irrigation Technician 10/1/2025 1 74,505 73,000 - 76,740 Parks Chemical Technician 10/1/2025 1 72,878 23,000 - 75,064 Library Circulation Supervisor 10/1/2025 1 74,675 3,230 - 76,142 Total General Fund 20 2,677,285 657,703 351,022 2,824,145 Other Funds Staffing Water/Wastewater Fund Department Title Start Date FTE Recurring One-time Grant Revenue Year 2 Public Works Water System Technician/SCADA 10/1/2025 1 115,254 51,844 - 117,833 Public Works Utility Compliance Superintendent 10/1/2025 1 136,116 56,669 - 139,879 Total Water/Wastewater Fund 2 251,370 108,513 - 257,712 Stormwater Drainage Fund Department Title Start Date FTE Recurring One-time Grant Revenue Year 2 Public Works Heavy Equipment Operator 10/1/2025 1 92,797 - - 96,181 Total Stormwater Drainage Fund 1 92,797 - - 96,181 Fund Recurring General Fund - Police-Sworn 244,996 General Fund - Fire-Sworn 286,142 General Fund 174,683 Water/Wastewater 137,146 Stormwater Drainage 19,437 Total Market Study 862,403 Market Study •Public Safety Market Methodology •Increase to competitive market average •Non-Public Safety Market Methodology •Increase to minimum market average •Adjust for salary compression within departments based on tenure in current position •As claims have significantly increased in the current year, we are managing a shortfall through the Amended Budget with a transfer of $1.1 million from the General Fund. •This affects the FY 2025-26 Budget that we are diligently working with our consultant to balance. •It has been presented unbalanced to show how much ground needs to be made up but will be balanced before Adoption. •Staff has budgeted for a 24% increase to the Town’s premiums and will ask employees to pick up a 5 to 10% increase depending on their chosen plan. Health Fund Major General Fund Enhancements Administration: Comprehensive Compensation and Benefits Funding - $706,000 ERP System Maintenance - $309,408 Fiscal Services Specialist - $83,472 Risk Management Consultant - $25,000 Police: 4 Police Officers - $1,012,154 Vehicle Expense Funding - $171,949 MVCPA Task Force Grant - $261,910 MVCPA Catalytic Converter Grant - $61,966 Fire: Fire Station #4 Minimum Staffing - $1,463,745 Vehicle Maintenance - $75,000 Development Services: Animal Services Contract Increase - $189,400 Streets and Facility Maintenance: Traffic Signal Technician - $103,307 Community Services: Irrigation Technician - $103,307 Raymond Park Water - $370,000 Chemical Technician - $95,878 Circulation Supervisor - $77,905 Debt Service Fund •Add Series 2025 authorized by Council - $43.5 Million •$190 million available for 2025 Bond Election for 8 years •Increases I&S Rate from 0.180392 to 0.182946 •36% I&S percentage of total Tax Rate (below 40%) •Outstanding Total Debt of $268,592,135 at end of FY25-26 •2.12% Outstanding Total Debt as a percentage of TAV (below 4%) •$4,425 Outstanding Total Debt per Capita Debt Service Fund Governmental Capital Projects •$59.6 million Total in Projects •$43.4 million in Streets Projects •$9.1 million in Parks Projects •$7 million in Facility Projects Multi-Year Capital Program/Debt Issuance Recently Approved Bonds Series 2025 Street and Transportation Projects ($57,514,905 Authorization Remaining of $150,000,000) •First Street (DNT – Coleman): (Construction) $9,000,000 •Coit Road (First – Frontier) – 4 lanes: (Construction) $8,200,000 •Coleman (Prosper Trail – Talon) 2 SB Lanes (Land/Esmt) $1,500,000 •Legacy (First – Prosper Trail) 2 SB Lanes (Land/Esmt) $550,000 •Legacy (First – Prosper Trail) 2 SB Lanes (Construction) $200,000 TOTAL $19,450,000 Multi-Year Capital Program/Capital Dedicated Transfer to GF Construction Personnel •Transfer to GF Construction Personnel $1,479,216 Street •Frontier Parkway/DNT(West Side Intersection) $1,000,000 Unprogrammed $2,427,632 TOTAL $10,503,910 Facilities •Town Hall Open Space $200,000 •Parks and Public Works Facility, Phase 1 $5,397,062 Pay-as-you-go Funding Historical Property Valuation Fiscal Year Valuation Excluding Freeze Growth New Property Growth from New Property Reappraisal Growth Growth from Reappraisal 2020-2021 4,601,196,301 9.3%360,557,369 8.5%31,571,433 0.8% 2021-2022 5,437,210,564 18.2%469,526,490 10.2%366,487,773 8.0% 2022-2023 6,616,007,870 21.7%596,431,779 11.0%582,365,527 10.7% 2023-2024 8,335,296,679 26.0%876,474,004 13.3%842,814,805 12.7% 2024-2025 9,622,101,595 15.4%870,499,826 10.5%416,305,090 4.9% 2025-2026 10,806,491,907 12.3%758,780,238 7.9%425,610,074 4.4% No-New-Revenue Tax Rate •The “No-New-Revenue" rate is the highest property tax rate a local government can adopt that generates the same amount of revenue as the previous year, despite changes in property values. •The calculation excludes impact from new property and property in a TIRZ. •Compares like property year over year. Voter-Approval Tax Rate •The “voter approval” rate is the maximum property tax rate increase, 3.5% on M&O plus calculated I&S Rate, that local taxing units can implement without voter approval. •Mandated to adopt the calculated I&S rate. Property Tax Rate Comparison 2025-2026 2024-2025 No-New-Revenue Tax Rate $0.482348 $0.466941 Voter-Approval Tax Rate $0.505000 $0.522075 Debt Rate (I&S Rate)$0.182946 $0.180392 Adopted Rate -$0.505 Proposed Rate $0.505 - Historical Property Tax Rate Tax Rate 2021- 2022 2022- 2023 2023- 2024 2024- 2025 2025- 2026 FY25 to FY26 Change General Fund 0.328000 0.221830 0.230742 0.224608 0.224854 0.000246 Capital Dedicated -0.108000 0.102000 0.100000 0.097200 (0.002800) Debt Service 0.182000 0.180170 0.177258 0.180392 0.182946 0.002554 Total 0.510000 0.510000 0.510000 0.505000 0.505000 - Benchmarking Proposed Fiscal Year 2024-2025 Tax Rates Entity Homestead Exemption Rate General Fund Capital Dedicated I&S Total Tax Rate Equivalent Tax Rate for Homestead Freeze Anna 3.00%0.360213 -0.146987 0.507200 0.491984 No Celina None 0.287061 -0.311107 0.598168 0.598168 Yes Coppell 5.00%0.392071 -0.070151 0.462222 0.439111 No Flower Mound 12.50%0.348344 -0.038956 0.387300 0.338888 No Frisco 20.00%0.283406 -0.142111 0.425517 0.340414 Yes Keller 20.00%0.249292 -0.043888 0.293180 0.234544 Yes Little Elm None 0.435787 -0.124113 0.559900 0.559900 Yes McKinney None 0.278935 -0.136578 0.415513 0.415513 No Southlake 20%0.250000 -0.055000 0.305000 0.244000 Yes Average of Comparison 13.42%0.320568 -0.118766 0.439333 0.406947 - Prosper (FY2024-2025)17.50%0.224608 0.100000 0.180392 0.505000 0.416625 Yes Prosper (FY2025-2026)17.50%0.224854 0.097200 0.182946 0.505000 0.416625 Yes Prosper ISD 63% Town of Prosper 26% Collin County 7% Collin College 4% Prosper ISD 64% Town of Prosper 26% Denton County 10% FY2024-2025 Total Tax Rate Entity FY2025-2026 Proposed Tax Rate Prosper ISD 1.2376 Town of Prosper 0.505 Collin County 0.149343 Collin College 0.08122 TOTAL 1.973163 Entity FY2024-2025 Proposed Tax Rate Prosper ISD 1.2376 Town of Prosper 0.505 Denton County 0.187869 TOTAL 1.930469 Entity FY2024-2025 Proposed Tax Rate Denton ISD 1.1592 Town of Prosper 0.505 Denton County 0.187869 TOTAL 1.852069 Denton ISD 63% Town of Prosper 27% Denton County 10% Water and Wastewater Rates Utility Fund-Distribution and Collection Utility •Potable Water Supplier proposing over 14.9% increase in rates •Wastewater treatment supplier requires significant capital investment for new treatment plant •Rate Consultant projecting need for multiple year rate increases including a blended 8.8% next year (6.26% water and 15.08% wastewater) Wholesale Expenses Source: NewGen Strategies and Solutions, LLC Proposed Rate Increase Source: NewGen Strategies and Solutions, LLC Rate Comparison Other Funds Solid Waste Fund •Created in 2023, the fund is self-supporting through rates. Stormwater Drainage •Proposed rate increase of $1 across all rate categories . Proposed rates are: •Residential Tier 1 $4.00 •Residential Tier 2 $6.15 •Commercial $2 per 1,000 sqft. of impervious surface •Last rate increase was in 2018. CIP Funds •Subject to change with CIP Subcommittee meeting Agenda Item 14. Consider and act upon accepting submission of the tax year 2025, fiscal year 2025-2026, no-new-revenue tax rate of $0.482348 per $100 taxable value, voter-approval tax rate of $0.505000 per $100 taxable value, and preliminary property tax rate of $0.505000 per $100 taxable value. (CL) Agenda Item 15. Consider and act upon a proposed FY 2025-2026 property tax rate. (CL) Agenda Item 16. Consider and act upon scheduling a Public Hearing on the FY 2025-2026 Proposed Budget. (CL) Agenda Item 17. Consider and act upon scheduling a Public Hearing on the proposed Fiscal Year 2025-2026 tax rate. (CL) Agenda Item 18. Conduct a Public Hearing to receive public comments concerning the amendment of the land use assumptions and capital improvements plan, and the imposition of an impact fee for water, wastewater, and roadway utilities. (DLH) August 12, 2025 Roadway, Water & Wastewater Impact Fee Update Public Hearing 79 PRESENTATION OVERVIEW Impact Fee Process & Land Use Assumptions W/WW Impact Fee Analysis Roadway Impact Fee Analysis 80 Comparison with Other Cities4 5 CIAC Involvement and Recommendation IMPACT FEE BASICS •A one-time charge against new development to pay for all or a portion of costs associated with new or expanded infrastructure needed to serve growth •Mechanism to recoup funding for the infrastructure necessary to accommodate new development •Developed based on requirements in Chapter 395 of the Texas Local Government Code •Limited to water, wastewater, roadway, and drainage infrastructure An impact fee is… 81 IMPACT FEE BASICS Items can be paid for through impact fees: •Construction of capital improvements on Impact Fee CIP •Existing infrastructure with excess capacity to serve growth •Engineering and surveying fees •Land acquisition costs •Debt service on impact fee CIP projects Items cannot be paid for through impact fees: •Capital improvements not identified in the Impact Fee CIP •Operations and maintenance costs •Improvements to remedy existing deficiencies •Administrative costs to manage the IF program •Debt service on ineligible items 82 IMPACT FEE PROCESS •Determine existing customer base •Estimate residential and non-residential growth over next 10-years •Develop water demand and wastewater flow projections Develop Land Use Assumptions •Utilize Land Use Assumptions to determine required system improvements to serve 10-year growth Update Capital Improvement Plans •Determine 10-year capacity utilization for projects •Establish growth in Service Unit Equivalents (SUEs) •Calculate maximum allowable impact fee Conduct Impact Fee Calculations •Three CIAC meetings •One Town Council PresentationStakeholder Meetings •One presentation to Town Council •Public Hearing requires 30-day public notice Public Hearing and Adoption of Ordinance 83 SERVICE AREAS 84 •W/WW service area is the town limits plus ETJ •Roadway service area is the town limits DEVELOPED NON-RESIDENTIAL ACREAGE BY PLANNING AREA 85 Year Acres Average Annual Growth in Acres 2023 1,492 - 2028 2,324 166 2033 3,640 263 Buildout 4,829 - POPULATION BY PLANNING AREA 86 Year Population Population Growth Growth Rate 2014 14,710 -- 2015 15,970 1260 8.6% 2016 17,790 1820 11.4% 2017 20,160 2,370 13.3% 2018 22,650 2,490 12.4% 2019 25,630 2,980 13.2% 2020 30,165 4,535 17.7% 2021 31,090 925 3.1% 2022 35,410 4,320 13.9% 2023 38,843 3,433 9.7% Average --11.5% Year Population Average Annual Population Growth Average Annual Growth Rate 2023 38,843 -- 2028 53,393 2,910 7% 2033 64,437 2,209 4% PRESENTATION OVERVIEW Impact Fee Process & Land Use Assumptions W/WW Impact Fee Analysis Roadway Impact Fee Analysis 87 Comparison with Other Cities4 5 CIAC Involvement and Recommendation WATER IMPACT FEE CAPITAL IMPROVEMENTS PLAN 88 WASTEWATER IMPACT FEE CAPITAL IMPROVEMENTS PLAN 89 IMPACT FEE CALCULATION •Impact Fees Calculated by Dividing Eligible CIP/Growth in Service Units •Credit of 50% for the portion of ad-valorem taxes generated by CIP improvements •Fee collected can be less than maximum Eligible CIP CostImpact Fee Per Service Unit =New Service Units X 50% 90 WATER AND WASTEWATER SERVICE UNITS •1” meter is the standard service unit for water and wastewater •Dependent on meter type •Larger meters converted using equivalency table ➢Based on proportion of flow to the standard service unit ➢SUE = Service Unit Equivalent 91 1” Meter 1.5” Displacement Meter SUE = 1.5” Meter Capacity 1” Meter Capacity = 2 WATER AND WASTEWATER IMPACT FEE CALCULATIONS 92 •Current Impact Fee = $6,643 (adopted max allowable) •2025 Maximum Allowable Impact Fee = $14,390 Water Wastewater 10-Year Capital Improvement Costs $102,611,265 $144,769,681 Financing Cost $34,131,730 $48,154,943 Total Eligible Costs $136,742,995 $192,924,624 10-year Projected Growth in Service Units 11,454 11,454 Maximum Impact Fee per Service Unit without Credit $11,938 $16,843 Impact Fee Credit per Service Unit $5,969 $8,421 Maximum Allowable Impact Fee per Service Unit with Credit $5,969 $8,421 Current Impact Fee $3,821 $2,822 PRESENTATION OVERVIEW Impact Fee Process & Land Use Assumptions W/WW Impact Fee Analysis Roadway Impact Fee Analysis 93 Comparison with Other Cities4 5 CIAC Involvement and Recommendation ROADWAY IMPACT FEE CAPITAL IMPROVEMENTS PLAN (IFCIP) •Based on official plan of Town •2022 Thoroughfare Plan •All Arterial or Collectors streets •Enables system flexibility •State facilities eligible (Town costs only) 94 PROJECTED SERVICE UNITS Service Area Residential Growth (veh-mi) Basic Emp. Growth (veh-mi) Service Emp. Growth (veh-mi) Retail Emp. Growth (veh-mi) Total Growth (veh-mi) 1 37,043 3,701 34,150 4,253 79,146 2 15,602 1,911 18,567 2,077 38,157 Total 52,644 5,612 52,717 6,329 117,302 95 •Roadway: 10-year VMT •Land Use Assumptions Projected Ten-Year Growth PROPOSED ROADWAY IFCIP Service Area Project Cost 1 $234,240,608 2 $122,944,632 Total $357,185,239 ROADWAY IMPACT FEE CALCULATIONS 97 Service Area 1 Service Area 2 Net Capacity Supplied by CIP (vehicle miles)59,716 33,060 Total Project Cost of CIP $234,240,608 $122,944,632 Cost of Net Capacity Supplied $183,483,058 $95,794,114 Projected 10-year Demand (vehicle miles)79,146 38,157 Percent of CIP Attributable to New Dev.100%100% Cost of CIP and Financing Attributable to New Development $213,316,102 $106,644,971 Pre-Credit Maximum Fee per Service Unit ($ per vehicle-mile)$2,668 $2,794 Maximum Assessable Fee per Service Unit (50%) ($ per vehicle-mile)$1,347 $1,397 COST PER SERVICE UNIT COMPARISON *Current Collection Rate discounts specific land uses including, •Land uses discounted to 25% of max •Hotels •Day Care •All Office uses •Non-Fast Food Restaurant •Discount Store •Land uses discounted to 40% of max •Single Family Residential ** Collection rate replaced with 2016 rates. •Home Improvement Superstore •Shopping Center •Supermarket •Toy Superstore •Department Store 98 Service Area 2011 2016 2025 Credited Cost / SU Collection Rate Credited Cost / SU Collection Rate Credited Cost / SU Collection Rate 1 $856 $856**$1,258 $1,258*$1,347 ?? 2 $615 $615**$940 $940*$1,397 ?? ROADWAY COST PER SERVICE UNIT COMPARISON PRESENTATION OVERVIEW Impact Fee Process & Land Use Assumptions W/WW Impact Fee Analysis Roadway Impact Fee Analysis 99 Comparison with Other Cities4 5 CIAC Involvement and Recommendation SINGLE FAMILY BENCHMARKING 100 Prosper 2017 Prosper 2025 Roadway: 1 Dwelling Unit Water Meters: 1" Service Wastewater Meters: 1" Service RESTAURANT DRIVE-THRU BENCHMARKING 101 Prosper 2017Prosper 2025 GROCERY STORE BENCHMARKING 102 Prosper 2025 Prosper 2017 Roadway: 132,000 SF Water Meters: 2" Service + 1" Service + (2) 1.5" Irrigation Wastewater Meters: 2" Service + 1" Service SIT-DOWN RESTAURANT BENCHMARKING 103 Roadway: 8,000 SF Water Meters: 2" Service + 1.5" Irrigation Wastewater Meters: 2" Service Prosper 2025 Prosper 2017 MEDICAL OFFICE BENCHMARKING 104 PRESENTATION OVERVIEW Impact Fee Process & Land Use Assumptions W/WW Impact Fee Analysis Roadway Impact Fee Analysis 105 Comparison with Other Cities4 5 CIAC Involvement and Recommendation CIAC INVOLVEMENT 106 •Advisory Committee Members •Planning and Zoning Commission •ETJ Resident •Met with Consultants and Town Staff in April 2024, October 2024, and June 2025 to discuss Land Use Assumptions, Capital Improvement Plans and Impact Fee Calculations Capital Improvements Advisory Committee Town Staff & Consultant Town Council CIAC RECOMMENDATION 107 •June 30th, by a unanimous vote, the CIAC made the following actions: •Accepted the land use assumptions, capital improvements plan, and impact fee calculations as outlined in the draft impact fee study •Recommended the Town Council set the water, wastewater, and roadway impact fees at the maximum allowable fee per the impact fee study QUESTIONS & DISCUSSION CONTACT INFORMATION: Eddie Haas, AICP| eh@freese.com | 214.217.2321 108 Agenda Item 19. Conduct a Public Hearing and consider and act upon a request to rezone 18.7± acres from Planned Development-14 (Retail) to Planned Development-Retail on Netherly Survey, Abstract 962, Tract 7, located on the northwest corner of Legacy Drive and First Street. (ZONE-25-0004) (DH) Planned Development First Legacy Shopping Center (ZONE-25-0004) Agenda Item Conduct a Public Hearing and consider and act upon a request to rezone 18.7± acres from Planned Development-14 (Retail) to Planned Development-Retail on Netherly Survey, Abstract 962, Tract 7, located on the northwest corner of Legacy Drive and First Street. (ZONE-25-0004) Proposal Purpose: •Construct a convenience store with gas pumps and other commercial buildings on an intersection of a major and minor thoroughfare. Background: •Planned Development-14 allows for convenience stores with gas pumps by right. •The Town’s Zoning Ordinance requires convenience stores with gas pumps to be located on the intersection of major thoroughfares. •Per the Master Thoroughfare Plan, First Street is considered a minor thoroughfare. •Proposal would allow for a convenience store on the intersection of Legacy Drive and First Street. Future Land Use Plan Retail & Neighborhood Services: •Recommends retail establishments that provide merchandise for retail sales, banks, neighborhood offices, and small medical offices. Zoning Zoning Current Land Use Future Land Use Plan Subject Property Planned Development-14 (Retail)Vacant Retail & Neighborhood Services North Planned Development-66 (Single Family-10) Single-Family Residential (Star Trail)High Density Residential East Planned Development-66 (Single Family-10) Single-Family Residential (Star Trail) Medium Density Residential South Planned Development-65 (Single-Family)Vacant Parks West Planned Development-66 (Single Family-10) Single-Family Residential (Star Trail) Medium Density Residential District Regulations Previous Regulations (Planned Development-14) Proposed Regulations (Development Standards) Size of Yards Front: 25’ Side: 0’ 12’ (Vehicular Access Req.) 24’ (Fire Lane Access Req.) 50’ (Adj. to Residential) Rear: 0’ 12’ (Vehicular Access Req.) 24’ (Fire Lane Access Req.) 50’ (Adj. to Residential) Front: 30’ Side: 15’ 30’ (One-Story Adj. to Res.) 60’ (Two-Story Adj. to Res.) Rear: 15’ 30’ (One-Story Adj. to Res.) 60’ (Two-Story Adj. to Res.) Size of Lots Minimum Area: 10,000 SF Minimum Lot Width: 50’ Minimum Lot Depth: 90’ Minimum Area: 10,000 SF Minimum Lot Width: 50’ Minimum Lot Depth: 100’ Maximum Height Stories: Two Stories or 40’ Stories: Two Stories or 40’ Maximum Lot Coverage Lot Coverage: 40 Percent Lot Coverage: 40 Percent Floor Area Ratio Maximum: 0.4:1 Ratio: 0.4:1 Permitted Uses By Right: •Administrative/Medical and Professional Office •Antique Shop and Used Furniture •Art and Music Studio •Artisan’s Workshop •Bank/Savings and Loan/Credit Union •Beauty Salon/Barber Shop •Commercial Amusement, Indoor •Diagnostic Lab or Urgent Care Center •Dry Cleaning, Minor Permitted Uses Cont. By Right: •Fraternal Organization/Lodge/Civic Club/Fraternity or Sorority •Full-Service Hotel C •Furniture Store •Gymnastics/Dance Studio •Health/Fitness Center •Home Furnishings and Appliance Store •House of Worship •Nursery, Minor •Pet Day Care C •Print Shop, Minor Permitted Uses Cont. By Right: •Public School •Restaurant C •Retail Stores and Shops •Swim School •Tanning Salon •Veterinarian Clinic and/or Kennel, Indoor •Wine Bar Permitted Uses Cont. By Specific Use Permit: •Child Care Center, Licensed •Convenience Store w/ Gas Pumps (On Intersecting Major and Minor Thoroughfares) •Farmer’s Market (Changed from a use by right to a specific use permit per the Planning & Zoning Commission’s motion) •Meeting/Banquet/Reception Facility •Private or Parochial School •Restaurant, Drive-In •Restaurant, Drive Through Uses That Would Be Eliminated •Accessory Buildings •Assisted Living Facilities •Auto Laundries/Car Wash Facilities (Incidental to Primary Business Use) •Auto Parts Sales – No Outdoor Storage/Display •Automobile Parking Lots and Parking Garages •Automobile Repairs – Excluding Paint and Body Work •Bed and Breakfast •Civic Convention Center •Concrete Batching Plants (Temporary and Incidental to On-Site Construction) •Construction and Field Offices (Temporary) Uses That Would Be Eliminated Cont. •Convalescence Homes •Dinner Theatres •Equipment and Machinery Sales and Rental, Minor •Frozen Food Lockers (Incidental to Primary Business Use) •Golf Course and/or Country Club •Governmental and Utility Agencies, Offices, Facilities and Service Yards •Guard and Patrol Services •Homebuilder •Hospital •Independent Living Facilities Uses That Would Be Eliminated Cont. •Indoor Storage Facilities •Marketing Center •Mass Commuter/Transit Stations •Meat Markets (No Slaughterhouses or Packing Plants) •Municipal Buildings and Facilities •Museums, Libraries, Art Schools and Art Galleries •Nursing Homes •Parks, Playgrounds, Recreational Facilities and Community Centers •Post Office Facilities •Private Club Facilities Uses That Would Be Eliminated Cont. •Radio and Television Microwave Antennae/Towers (Incidental to Primary Use) •Radio and Television Studios and Broadcasting Facilities •Recycling Collection Centers •Single Family Residential •Small Engine Repairs (Under Roof and Enclosed) •Telephone Exchange •Temporary Buildings (Incidental to Primary Business Use) •Theaters – Indoors •Theatrical Centers •Tire Dealers (No Outdoor Storage) Uses That Would Be Eliminated Cont. •Tool and Equipment Rental Stores (No Outdoor Storage Unless Screened) •Utility Distribution Systems and Facilities •Warehousing Facilities (Incidental to Primary Business Use) •Water Treatment Facilities Architectural Standards Building Materials: •Clay Fired Brick •Granite •Marble •Stone (Natural, Precast, or Manufactured) •Stucco (Three-Coat) •Non-Masonry Materials (Max. of 20%) •Other Materials as Approved by Director of Development Services Landscaping Previous Regulations (Planned Development-14) Proposed Regulations (Development Standards) Adjacent to Thoroughfares Easement: 30’ (Legacy Drive) 25’ (First Street) Plantings: One large tree, three-inch caliper minimum, every 30 linear feet. Fifteen shrubs, five-gallon minimum, every 30 linear feet. Easement: 30’ (Legacy Drive) 25’ (First Street) Plantings: One large tree, three-inch caliper minimum, every 30 linear feet. Fifteen shrubs, five-gallon minimum, every 30 linear feet. Adjacent to Commercial Development Buffer: 5’ Plantings: One small tree every 15 linear feet. One shrub, five-gallon minimum, every 15 linear feet. Buffer: 5’ Plantings: One small tree every 15 linear feet. One shrub, five-gallon minimum, every 15 linear feet. Adjacent to Residential Development Buffer: 15’ Plantings: One large tree, three-inch caliper minimum, every 30 linear feet. Buffer: 15’ Plantings: One large tree, three-inch caliper minimum, every 30 linear feet. Screening Residential Adjacency: •Six-foot (6’) masonry wall required adjacent to residential development. Noticing Notices: •Friday, July 25th Citizen Response: •None Staff Recommendation Recommendation: •Approval •Elimination of many undesirable uses by right. •Requirement of some uses previously allowed by right to be by Specific Use Permit. •Development Agreement that ensures building materials. P&Z Recommendation Motion: •Approval (7-0) subject to the following conditions: •“Farmer’s Market” use permitted by Specific Use Permit rather than by right. •A minimum of ten percent (10%) of the entire development to be usable open space. •A minimum of three of the five listed amenities to be provided in the development. •Gazebos or Pergolas •Public Art Installations •Seating Areas with Shade Structures •Stone Terracing and Low Masonry Seating Walls •Water Features (Fountains or Naturalized Stream Banks) Applicant Request Amend the recommendations made by the Planning & Zoning Commission regarding the following items: •Recommendation: A minimum of ten percent (10%) of the entire development to be usable open space. •Request: Each individual lot to have a minimum of seven to ten percent (7% – 10%) of open space. •Recommendation: A minimum of three of the five listed amenities to be provided in the development. •Request: Each individual lot to provide one of the listed amenities. Agenda Item 20. Discuss and consider Town Council Subcommittee reports. (DFB) Possibly direct Town Staff to schedule topic(s) for discussion at a future meeting. Executive Session Section 551.087 – To discuss and consider economic development incentives and all matters incident and related thereto. Section 551.072 – To discuss and consider the purchase, exchange, lease, or value of real property for municipal purposes and all matters incident and related thereto. Section 551.074 – To discuss and consider personnel matters, including the evaluation of the Town Manager, and all matters incident and related thereto. Section 551.071 - To consult with the Town Attorney regarding legal matters associated with Town liability issues, and all matters incident and related thereto. Section 551.071 – Consultation with the Town Attorney regarding legal matters associated with any Work Session or Council Meeting agenda item. Section 551.074 - To discuss appointments to the Board of Adjustment/Construction Board of Appeals, Parks & Recreation Board, Library Board, Prosper Economic Development Corporation Board, Planning & Zoning Commission, Community Engagement Committee, and the Downtown Advisory Committee, and all matters incident and related thereto. The Town Council will reconvene after Executive Session. Reconvene into Regular Session and take any action necessary as a result of the Closed Session. Adjourn.