02.10.2026 TIRZ No. 2 Meeting PresentationWelcome to the February 10, 2026,
Prosper TIRZ No. 2
Board of Directors Meeting
Call to Order/Roll Call
Agenda Item 1.
Consider and act upon the minutes of the January 28, 2025, TIRZ No. 2
Board of Directors meeting. (MLS)
Agenda Item 2.
Receive the 2025 Annual Report. (HW/MN)
TIRZ No. 2
TIRZ #2 BOUNDARY MAP
PUBLIC INFRASTRUCTURE / BUILDING PROJECTS
ID Business Name Area
Children’s Health Andrews Institute 3,820
TOTAL Square Footage 3,820
Dallas North TollwayChildren’s Health
Andrews Institute
Mahard ParkwayUS Highway 380
CO During Reporting Period
Prairie Drive
ID Business Name Area
Encompass Health Expansion 14,125 sf
TOTAL Square Footage 14,125 sf
Dallas North TollwayEncompass Health
Expansion
Mahard ParkwayUS Highway 380
Proposed Improvements
Prairie Drive
Roadway Construction
Reimb. Agreement:
04/11/2022
Prairie
Drive
Mahard ParkwayShawnee TrailDallas North TollwayUS Highway 380
Construction Complete
Lovers Lane
Mahard ParkwayDallas North TollwayUS Highway 380
Pending Impact Fee
Agreement (Not TIRZ)
CAPITAL IMPROVEMENT PLAN BUDGET
Reimbursement Request No. 11 – June 1, 2025
*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.
TIRZ FUND FINANCIAL STATEMENT
Revenues
TIRZ FUND FINANCIAL STATEMENT
Expenditures
CAPITAL DEBT
PROJECTS SERVICE TOTAL
REVENUES & EXPENDITURES
By Payments Made:
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
Total Payment
Interest
Construction Costs
1,253,460
- -
837,917
252,479
3,835,592
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
MSW Prosper Longo Toyota Town of Prosper
Outstanding Reimbursements
Paid Remaining
TIRZ #2 PROPERTY TAX ROLLBACK
Adjourn