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02.10.2026 TIRZ No. 2 Agenda PacketPage 1 of 2 ] Welcome to the Prosper TIRZ No. 2 Board of Directors Meeting. Addressing the TIRZ No. 2 Board of Directors: Those wishing to address the Board must complete the Public Comment Request Form located on the Town website or in Council Chambers. You may 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. 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 the meeting shall observe the same rules of propriety, decorum, and good conduct applicable to members of the Board. Any person making personal, impertinent, profane or slanderous remarks or who becomes boisterous while addressing the Board 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 Board during that session of the meeting. Disruption of a public meeting could constitute a violation of Section 42.05 of the Texas Penal Code. Call to Order/ Roll Call. Items for Individual Consideration: 1. Consider and act upon the minutes from the January 28, 2025, TIRZ No. 2 Board of Directors meeting. (MLS) 2. Receive the 2025 Annual Report. (HW/MN) 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 Wednesday, February 4, 2026, and remained so posted at least three (3) business days before said meeting was convened. ________________________________ _________________________ Michelle Lewis Sirianni, Town Secretary Date Notice Removed Agenda Prosper TIRZ No. 2 Board of Directors Meeting Prosper Town Hall – Council Chambers 250 W. First Street, Prosper, Texas Tuesday, February 10, 2026 6:00 PM Page 1 Page 2 of 2 Pursuant to Section 551.071 of the Texas Government Code, the TIRZ No. 2 Board of Directors reserves the right to consult in closed session with its attorney and to receive legal advice regarding any item listed on this agenda. NOTICE NOTICE OF ASSISTANCE AT PUBLIC MEETINGS: The Town of Prosper Board, Commission, and Committee 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 2 Page 1 of 2 ] Call to Order/ Roll Call. The meeting was called to order at 5:50 p.m. Board Members Present: Mayor David F. Bristol Mayor Pro-Tem Marcus E. Ray Deputy Mayor Pro-Tem Amy Bartley Councilmember Jeff Hodges Councilmember Craig Andres Councilmember Chris Kern Councilmember Cameron Reeves Ray Smith, Prosper Economic Development Corporation Commissioner Susan Fletcher, Collin County Commissioners Court Staff Members Present: Mario Canizares, Town Manager Terry Welch, Town Attorney Bob Scott, Deputy Town Manager Chuck Ewings, Assistant Town Manager Michelle Lewis Sirianni, Town Secretary Robyn Battle, Executive Director Mary Ann Moon, EDC Executive Director Chris Landrum, Finance Director Marcus Northcutt, Accounting Manager Hulon Webb, Director of Engineering Services David Hoover, Development Services Director Todd Rice, Communications Director Doug Kowalski, Police Chief 1. Consider and act upon the minutes from the January 23, 2024, TIRZ No. 2 Board of Directors meeting. (MLS) Deputy Mayor Pro-Tem Ray made a motion to approve the minutes of the January 23, 2024, TIRZ No. 2 Board of Directors meeting. Councilmember Hodges seconded the motion. Motion carried unanimously. 2. Receive the 2024 Annual Report. (HW/MN) Mr. Webb reviewed the boundary of TIRZ No. 2 and businesses that received their Certificate of Occupancy (CO) before and after the reporting period from October 1, 2023, to September 30, 2024. He noted upcoming infrastructure developments within the TIRZ with the total billed to date being $2,343,855.48 Mr. Northcutt provided an overview of the total revenues and expenditures received during the reporting period by payments made, the captured appraised value, the rollback taxes, property tax revenues, and sales tax revenue received. Minutes Town of Prosper TIRZ No. 2 Board of Directors Meeting Prosper Town Hall, Council Chambers 250 W. First Street, Prosper, Texas Tuesday, January 28, 2025 Page 3 Item 1. Page 2 of 2 Mr. Smith made a motion to receive the 2024 Annual Report as presented. Councilmember Kern seconded that motion. Motion carried unanimously. Adjourn. The meeting was adjourned at 5:59 p.m. These minutes were approved on the 10th day of February 2026. APPROVED: David F. Bristol, Mayor ATTEST: Michelle Lewis Sirianni, Town Secretary Page 4 Item 1. Prosper TIRZ #2 Annual Report 2025 -1- Town of Prosper, Texas Tax Increment Reinvestment Zone #2 (TIRZ #2) ANNUAL REPORT 2025 Page 5 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -2- INDEX 1) Cover 2) Index 3) Year End Summary of Meetings/Town Council/Board Actions 4) Public Infrastructure/Building Projects 5) Capital Improvement Plan Budget 6) Annual Financial Report 7) TIRZ Fund Financial Statement 8) Revenue & Expenditures a) TIRZ Rollback Tax Map b) Payment Summaries Page 6 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -3- YEAR END SUMMARY OF MEETINGS/TOWN COUNCIL/BOARD ACTIONS In December 2015, the Town of Prosper Town Council appointed members for the Tax Increment Reinvestment Zone #2 (TIRZ #2) Board of Directors. In the latter part of 2015 Matthews Southwest commenced construction on its Prosper West development at the northwest corner of US 380 and Dallas North Tollway with the installation of a large sanitary sewer line from the west, thus marking the first improvements made to the TIRZ #2 site. The first annual TIRZ Board of Directors meeting was held on January 26, 2016. The second annual meeting was held on April 11, 2017. The third annual meeting was held on January 23, 2018. The fourth annual meeting was held on January 22, 2019. The fifth annual meeting was held on January 28, 2020. The sixth annual meeting was held on January 26, 2021. The seventh annual meeting was held on January 25, 2022. The eighth annual meeting was held on January 24, 2023. The ninth annual meeting was held on January 23, 2024. The tenth annual meeting ws held on January 28, 2025. This is the eleventh year that the board has reviewed the annual report. The original Development and Financing Agreement with Matthews Southwest expired on September 22, 2021. On April 12, 2022, the Town Council approved a Roadway Construction Reimbursement Agreement with MSW Prosper 380 II, LP, for the construction of the following roadways within the boundaries of TIRZ #2: • 4 lanes concrete pavement: Mahard Parkway from Toyota and Texas Health Resources, extending north to the intersection of Prairie Drive. • 4 lanes concrete pavement: Prairie Drive from the intersection of Mahard Parkway, extending east to the intersection of Shawnee Trail. • 4 lanes concrete pavement: Shawnee Trail from the intersection of Prairie Drive, extending north to the future intersection of Lovers Lane. • 4 lanes concrete pavement: Prairie Drive East from the intersection of Shawnee Trail, extending east to the Dallas North Tollway. The Town’s Thoroughfare Plan was amended on May 11, 2021, to realign segments of Mahard Parkway, Lovers Lane, Prairie Drive, and Shawnee Trail to square-up the intersections, as depicted on the Amended Thoroughfare Plan exhibit in the Annual Report. The construction of the roadways include installation of underground utilities (water, sanitary sewer and drainage), median landscaping and street lighting. The estimated cost for the design and construction of the proposed roadways is approximately $14,399,970. Page 7 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -4- On April 30, 2024, the Town Council approved the First Amendment to the Roadway Construction Reimbursement Agreement with MSW Prosper 380 II, LP, which extended the expiration of the Roadway Construction Reimbursement Agreement from April 12, 2024, to the following: • Beginning April 13, 2024, there are late penalties of $1,000 per day until the project is deemed Substantially Complete. Substantially Complete is the stage of the project where the public has beneficial use of the improvements, which occurred on May 30, 2024, and included 8 days of weather-related delays (47 days – 8 weather days = 39 days). Total of $39,000 late penalty. • Beginning August 31, 2024, there will be late penalties of $1,000 per day until the project receives Final Acceptance. Final Acceptance is the completion of the project, which was on March 28, 2025 (209 days). The late penalty for this phase, in the amount of $209,000, will be added to the $39,000 late penalty for the Substantially Complete deadline, resulting in a total late penalty of $248,000. Per the First Amendment, all late penalties assessed will be deducted from the eligible actual construction costs of the project. At this time, the final eligible actual construction costs have not been finalized and anticipated to be submitted to the next board meeting for reimbursement approval. Board members appointed and currently serving are: Town—Mayor David F. Bristol, Mayor Pro-Tem Marcus E. Ray, Deputy Mayor Pro-Tem Amy Bartley, and Councilmembers Craig Andres, Chris Kern, Jeff Hodges, and Cameron Reeves. Collin County – County Commissioner Susan Fletcher. Prosper Economic Development Corporation – Ray Smith. During this reporting period, the following building received Certificate of Occupancy: Business Name Address Area CO Issued Date Children’s Health Andrews Institute 1300 Children’s Way 3,820 11/26/2024 Page 8 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -5- PUBLIC INFRASTRUCTURE / BUILDING PROJECTS Non-project Costs Total TIRZ for Public Improvements Public Improvements STREETS AND DRAINAGE SYSTEMS $11,146,567 $2,001,748 $13,148,315 STREET ENHANCEMENTS $0 $1,775,577 $1,775,577 WATER SYSTEM $1,367,721 $1,116,778 $2,484,499 SANITARY SEWER SYSTEM $641,669 $358,204 $999,873 OFFSITE SANITARY SEWER SYSTEM $1,479,282 $0 $1,479,282 DETENTION/RETENTION PONDS & MASS EXCAVATION $0 $2,882,560 $2,882,560 SITEWORK FOR DEVELOPMENT PARCELS $0 $15,750,000 $15,750,000 PARKING DECKS $0 $73,497,600 $73,497,600 STREET LIGHTS $174,000 $210,000 $384,000 TRAFFIC SIGNALS (4 budgeted) $1,200,000 $0 $1,200,000 LOVERS LANE LOOP OFFSITE - STREET K6 $1, 174,992 $0 $1,174,992 PRIMARY ELECTRIC SERVICE LOOP $0 $3,600,000 $3,600,000 ELECTRIC $0 $640,150 $640,150 GAS $0 $448, 105 $448,105 STREET N2 - WESTSIDE ONT SERVICE ROAD, LOVERS LN. TO FIRST ST. $1,687,005 $0 $1,687,005 BRAIDED RAMP AT U.S. 380 $4,000,000 $0 $4,000,000 CIVIL ENGINEERING & SURVEYING (10%) $1,887, 124 $10,228,072 $12,115,196 CONSTRUCTION STAKING (2%) $377,425 $2,045,614 $2,423,039 CONSTRUCTION MANAGEMENT (TOTAL = 3%) $477,093 $3,157,466 $3,634,559 GEOTECHNICAL STUDY (1%) $188,712 $1,022,807 $1,211,520 LEGAL (1%) $188,712 $1,022,807 $1,211,520 CONTINGENCY (8%) $1,509,699 $8, 182,458 $9,692,157 Longo Toyota Roadway Impact Fee Credit ($280,779) $0 ($280,779) Subtotal $27,219,221 $127,939,947 $155,159,168 TOWN EXPENSE FOR TIRZ ADMINISTRATION $1,346,836 $0 $1,346,836 Subtotal TIRZ Project Costs Before Finance Expenses $28,566,057 $127,939,947 $156,506,004 Page 9 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -6- THOROUGHFARE PLAN Page 10 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -7- AMENDED THOROUGHFARE PLAN – 05/11/2021 Page 11 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -8- WATER PLAN Page 12 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -9- WASTEWATER PLAN Page 13 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -10- PUBLIC INFRASTRUCTURE/BUILDING PROJECTS (Per Original TIRZ Agreement) Page 14 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -11- Page 15 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -12- Page 16 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -13- Page 17 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -14- Page 18 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -15- Page 19 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -16- Page 20 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -17- Page 21 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -18- Page 22 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -19- Page 23 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -20- Page 24 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -21- Page 25 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -22- Page 26 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -23- Page 27 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -24- Page 28 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -25- Page 29 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -26- CAPITAL IMPROVEMENT PLAN BUDGET REIMBURSEMENTS REIMBURSEMENT NO. 1 FY 2015 $200,749.95 REIMBURSEMENT NO. 2 FY 2016 $1,147,498.19 REIMBURSEMENT NO. 3 FY 2017 $589,347.42 REIMBURSEMENT NO. 4 FY 2018 $44,938.85 * REIMBURSEMENT NO. 4A FY 2018 $252,478.79 ** REIMBURSEMENT NO. 5 FY 2019 $46,511.71 *** REIMBURSEMENT NO. 6 FY 2020 $47,441.06 *** REIMBURSEMENT NO. 7 FINAL $14,889.51 **** REIMBURSEMENT NO. 8 FY 2022 - ***** REIMBURSEMENT NO. 9 FY 2023 - REIMBURSEMENT NO. 10 FY 2024 - REIMBURSEMENT NO. 11 FY 2025 $3,835,592.42 TOTAL BILLED TO DATE $6,179,447.90 * Reimbursement No. 4 request submitted to Engineering was denied due to ineligible costs. This is accrued interest. ** Reimbursement No. 4A is payable to Longo Toyota for remaining balance for Mahard Parkway. ***Accrued interest only. ****Accrued interest for final period of 6/1/20 - 09/22/20. *****All interest on original terminated agreement paid in full. Longo and new MSW Prosper 380, LP agreement does not require interest payments on outstanding balances. Reimbursement Request No. 11 is for the Town of Prosper payment to the NTTA for the Braided Ramp along the southbound frontage road. The estimated cost for the Braided Ramp in the original project plan was $4,000,000. The actual cost is $3,835,592.42. Page 30 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2023 Prosper TIRZ #2 Annual Report 2025 -27- ANNUAL FINANCIAL REPORT Chapter 311.016 of V.C.T.A. requires the following information as part of the annual report on the status of the TIRZ District. Information is contained in detail on the financial statement. 1. Amount and source of revenue in the tax increment fund established for the zone: $ 147,177 Total Revenue 2. Amount and purpose of expenditures from the fund: $ 131,724 Total Expenditures 3. Amount of Principal and Interest due on outstanding indebtedness is as follows: A. Contributions /Advances from developers— $4,925,988.07. B. Bonds issued and payment schedule to retire bonds— none. 4. Tax Increment base and current captured appraised value retained by the zone: A. Tax Increment base and current captured appraised value retained for Tax Year 2024: Taxing Jurisdiction Net Taxable Value Tax Year 2024 Base Year* Value (with AG) Jan. 1, 2014 Captured App. Value Fiscal Year 2024- 2025 Town of Prosper $32,461,288 $29,413 $31,431,875 Collin County $32,461,288 $29,413 $31,431,875 B. Tax Increment base and expected captured appraised value for Tax Year 2025: Taxing Jurisdiction Net Taxable Value Tax Year 2025 Base Year* Value (with AG) Jan. 1, 2014 Captured App. Value Fiscal Year 2025-2026 Town of Prosper $42,793,913 $29,413 $42,764,500 Collin County $42,793,913 $29,413 $42,764,500 * Base Year Value as of January 1, 2014, is for Fiscal Year 2013-2014. 5. Captured appraised value by the municipality and other taxing units, the total amount of the tax increment received, and any additional information necessary to demonstrate compliance with the tax increment-financing plan adopted by the governing body of the municipality. A. Captured appraised value shared by the municipality and other participating taxing jurisdictions received in Fiscal Year 2024-2025: Taxing Jurisdiction Participation Per $100/Value Amount of Fiscal Year 2024-2025 Increment Town of Prosper (70%) $ 0.505000 $ 114,647 Collin County (50%) $ 0.149343 $ 24,217 Total $ 0.654343 $ 138,864 Page 31 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -28- ANNUAL FINANCIAL REPORT B. Amount of tax increment received in 2025 from the municipality and the other taxing jurisdictions based on 2024 valuations: $ 138,864 C. Amount of Rollback taxes for tax year 2024: $ 0 D. Expected appraised value shared by the municipality and other participating taxing jurisdictions to be received in Fiscal Year 2025-2026: Taxing Jurisdiction Participation Per $100/Value Amount of Fiscal Year 2025-2026 Increment Town of Prosper (70%) $ 0.505000 $ 151,173 Collin County (50%) $ 0.149343 $ 31,933 Total $ 0.654343 $ 183,105 E. Other information: None Page 32 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -29- TIRZ FUND FINANCIAL STATEMENT CAPITAL DEBT PROJECTS SERVICE TOTAL Beginning Balance: 10/1/24 $ 25,751 $ - $ 25,751 Revenues: Property Tax: Town $ 114,647 - $ 114,647 Delinquent - - - County 24,217 - 24,217 Property Rollback Taxes - - - Sales Tax 3,124 - 3,124 Impact Fees: Water Impact Fees - - - Wastewater Impact Fees - - - Thoroughfare Impact Fees - - - 380 Construction Sales Office - - - Interest 5,189 - 5,189 TOTAL REVENUES $ 147,177 $ - $ 147,177 Expenditures: Land Purchases $ - $ - $ - Professional Services - - - Construction/Improvements: Lower DB Sewer 131,724 - 131,724 Mahard Parkway - - - Interest Expense - - - TOTAL EXPENDITURES $ 131,724 $ - $ 131,724 Ending Balance: 9/30/25 $ 41,205 $ - $ 41,205 Page 33 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -30- Page 34 Item 2. Town of Prosper, Texas Tax Increment Reinvestment Zone #2 As of September 30, 2025 Prosper TIRZ #2 Annual Report 2025 -31- REVENUES & EXPENDITURES PAYMENT SUMMARIES By Project: By Payment Request: By Payments Made: TIRZ 2 Totals Lower DB Sewer Mahard Parkway NTTA Braided Ramps Interest Construction Total Totals Amount 1,344,730.05 815,655.62 3,835,592.42 - - - - 183,469.81 5,995,978.09 6,179,447.90 Paid 964,585.17 105,404.85 - - - - - 183,469.81 1,069,990.02 1,253,459.83 Remaining 380,144.88 710,250.77 3,835,592.42 - - - - - 4,925,988.07 4,925,988.07 Lower DB Sewer Mahard Parkway NTTA Braided Ramps Interest Amount 95,345.10 105,404.85 - - - - - - 200,749.95 Reimbursement #1 Totals Paid 95,345.10 105,404.85 - - - - - - 200,749.95 Remaining - - - - - - - - - Amount 1,082,892.73 64,605.46 - - - - - - 1,147,498.19 Reimbursement #2 Totals Paid 869,240.07 - - - - - - - 869,240.07 Remaining 213,652.66 64,605.46 - - - - - - 278,258.12 Amount 166,492.22 393,166.52 - - - - - 29,688.68 589,347.42 Reimbursement #3 Totals Paid - - - - - - - 29,688.68 29,688.68 Remaining 166,492.22 393,166.52 - - - - - - 559,658.74 Amount - - - - - - - 44,938.85 44,938.85 Reimbursement #4 Totals Paid - - - - - - - 44,938.85 44,938.85 Remaining - - - - - - - - - Amount - 252,478.79 - - - - - - 252,478.79 Reimbursement #4A Totals Paid - - - - - - - - - Remaining - 252,478.79 - - - - - - 252,478.79 Amount - - - - - - - 46,511.71 46,511.71 Reimbursement #5 Totals Paid - - - - - - - 46,511.71 46,511.71 Remaining - - - - - - - - - Amount - - - - - - - 47,441.06 47,441.06 Reimbursement #6 Totals Paid - - - - - - - 47,441.06 47,441.06 Remaining - - - - - - - - - Amount - - - - - - - 14,889.51 14,889.51 Reimbursement #7 Totals Paid - - - - - - - 14,889.51 14,889.51 Remaining - - - - - - - - - Amount - - 3,835,592.42 - - - - - 3,835,592.42 Reimbursement #11 Totals Paid - - - - - - - - - Remaining - - 3,835,592.42 - - - - - 3,835,592.42 Total Charges PEDC Grant 2-May-2017 21-May-2019 30-Jun-2020 09/20 Int Recalc 30-Jun-21 Total Payment 500,000.00 153,628.50 19,958.86 16,503.80 82,047.32 13,771.06 Interest 183,469.81 - 7,026.25 19,958.86 16,503.80 82,047.32 13,771.06 Construction Costs 5,995,978.09 500,000.00 146,602.25 - - - - 30-Jun-22 01-Jul-23 31-Jul-24 30-Sep-25 Total Payments Remaining Balance 184,548.61 41,005.70 110,271.98 131,724.00 1,253,459.83 4,925,988.07 44,162.52 - - - 183,469.81 - 140,386.09 41,005.70 110,271.98 131,724.00 1,069,990.02 4,925,988.07 Page 35 Item 2.