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09.19.2016 Town Council Special Meeting Packet Page 1 of 2 ] Prosper is a place where everyone matters. 1. Call to Order/Roll Call. 2. Discussion on Town Hall/Multi-Purpose Facility. (HW) 3. Consider and act upon an ordinance adopting a Fund Balance Policy and authorizing the Town Manager to assign fund balance for intended specific uses. (HJ) 4. Consider and act upon an ordinance adopting the Fiscal Year 2016-2017 Annual Budget for the fiscal year beginning October 1, 2016, and ending September 30, 2017. (HJ) 5. Consider and act upon an ordinance adopting the Town of Prosper 2016 Property Tax Rate. (HJ) 6. Consider and act upon a resolution adopting the Fiscal Year 2016-2017 Capital Improvement Program. (HW) 7. 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: 7a. Section 551.087 – To discuss and consider economic development incentives. 7b. Section 551.072 – To discuss and consider purchase, exchange, lease or value of real property for municipal purposes and all matters incident and related thereto. 7c. 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, and Planning & Zoning Commission. 8. Reconvene in Regular Session and take any action necessary as a result of the Closed Session. 9. Possibly direct Town staff to schedule topic(s) for discussion at a future meeting. 10. Adjourn. AGENDA Special Meeting of the Prosper Town Council Prosper Municipal Chambers 108 W. Broadway, Prosper, Texas Monday, September 19, 2016 6:00 p.m. Page 2 of 2 CERTIFICATION I, the undersigned authority, do hereby certify that this Notice of Meeting was posted at Prosper Town Hall, located at 121 W. Broadway Street, Prosper, Texas 75078, a place convenient and readily accessible to the general public at all times, and said Notice was posted on September 16, 2016, by 5:00 p.m., and remained so posted at least 72 hours before said meeting was convened. _______________________________ _________________________ Robyn Battle, Town Secretary Date Noticed Removed 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- 1011 at least 48 hours prior to the meeting time. Page 1 of 1 To: Mayor and Town Council From: Hulon T. Webb, Jr, P.E., Executive Director of Development and Community Services Through: Harlan Jefferson, Town Manager Re: Town Council Meeting – September 19, 2016 Agenda Item: Discussion on Town Hall/Multi-Purpose Facility. Description of Agenda Item: Randall Scott Architects met with Town staff and the Town Council subcommittee for the design of the Town Hall/Multi-Purpose Facility on August 18, 2016, September 7, 2016, and on September 19, 2016. The subcommittee discussed and made selections pertaining to the following: 1. Exterior design: a. Brick selection b. Landscape plan 2. Interior design of the main lobby: a. Color of stain for wood finishes b. Floor design and material selection c. Lighting fixtures d. Wall color 3. Interior design of the council chambers: a. Height of dais b. Stain finish for dais c. Carpet selection 4. Current cost estimate Based on these discussions, the recommendations from the subcommittee will be presented to the rest of the Town Council to get final feedback. Town Staff Recommendation: Town staff recommends that the Town Council provide feedback on the Town Hall/Multi-Purpose Facility. Prosper is a place where everyone matters. ENGINEERING Item 2 Page 1 of 1 To: Mayor and Town Council From: Harlan Jefferson, Town Manager Re: Town Council Meeting – September 13, 2016 Agenda Item: Consider and act upon an ordinance adopting a Fund Balance Policy and authorizing the Town Manager to assign fund balance for intended specific uses. Description of Agenda Item: The Governmental Accounting Standards Board (GASB) released Statement No. 54 – “Fund Balance Reporting and Governmental Fund Type Definitions” on March 11, 2009. As part of GASB Statement No. 54, governments are required to adopt and disclose information in the notes to the financial statements about amounts reported in fund balance and is intended to improve the usefulness of the amounts reported in fund balance by providing more structured and consistent classifications. The Town has long held formal policies and Charter requirements regarding fund balance and unreserved fund balance targets, which this policy will serve to further solidify. During the January 2016 Strategic Planning Session, the Minimum Unassigned Fund Balance topic was discussed, which is the reason for the update of the policy. The existing policy states that “…the goal of the Town is to achieve and maintain an unassigned fund balance in the general fund equal to twenty-five percent…”. Based on the previous discussion and Council direction, this was changed to five percent which is in addition to the twenty percent restricted fund balance amount required by the Town Charter. Legal Obligations and Review: Terrence Welch of Brown & Hofmeister, L.L.P., has reviewed the ordinance as to form and legality. Attached Documents: 1. Ordinance Town Staff Recommendation: Town staff recommends adopting an ordinance approving a Fund Balance Policy and authorizing the Town Manager to assign fund balance for intended specific uses. Proposed Motion: I move to adopt an ordinance approving a Fund Balance Policy and authorize the Town Manager to assign fund balance for intended specific uses. Prosper is a place where everyone matters. TOWN MANAGER’S OFFICE Item 3 TOWN OF PROSPER, TEXAS ORDINANCE NO. 16-__ AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ADOPTING A FUND BALANCE POLICY; AUTHORIZING THE TOWN MANAGER TO ASSIGN FUND BALANCE FOR INTENDED SPECIFIC USES; REPEALING ORDINANCE NO. 11-66 IN ITS ENTIRETY; PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE OF THIS ORDINANCE. WHEREAS, the Governmental Accounting Standards Board (GASB) released Statement No. 54, “Fund Balance Reporting and Governmental Fund Type Definitions,” on March 11, 2009, effective for the fiscal year ending on September 30, 2011; and WHEREAS, as part of GASB Statement No. 54, governments are required to adopt and disclose information in the notes to the financial statements about amounts reported in fund balance; and WHEREAS, this Statement is intended to improve the usefulness of the amounts reported in fund balance by providing more structured and consistent classifications; and WHEREAS, the Town has long held formal policies and Charter requirements regarding fund balance and unreserved fund balance targets, which this policy will serve to further solidify. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, THAT: SECTION 1 The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2 The Town of Prosper does hereby approve and adopt the Fund Balance Policy for the Town of Prosper, attached hereto as Exhibit A and incorporated by reference. SECTION 3 Specific authority is hereby given to the Town Manager to assign fund balance amounts to a specific purpose as further described in the Fund Balance Policy. The Town Manager may also delegate this authority to a committee or staff member, as he or she may deem appropriate. SECTION 4 Existing Ordinance No. 11-66 is hereby specifically repealed in its entirety and further, all provisions of any ordinance in conflict with this Ordinance are hereby repealed to the extent they are in conflict; but such repeal shall not abate any pending prosecution for violation of the repealed ordinance, nor shall the repeal prevent a prosecution from being commenced for any violation if occurring prior to the repeal of the ordinance. Any remaining portions of said ordinances shall remain in full force and effect. Item 3 Ordinance No. 16-__, Page 2 SECTION 5 Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, clause or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses and phrases be declared unconstitutional or invalid. SECTION 6 This Ordinance shall become effective from and after its adoption and publication as required by the Town Charter and by law. DULY PASSED, APPROVED, AND ADOPTED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ON THIS 19TH DAY OF SEPTEMBER, 2016. ___________________________________ Ray Smith, Mayor ATTEST: ____________________________________ Robyn Battle, Town Secretary APPROVED AS TO FORM AND LEGALITY: ____________________________________ Terrence S. Welch, Town Attorney Item 3 Chapter 14, Page 1 Exhibit A EXHIBIT A CHAPTER 14: FUND BALANCE POLICY SECTION 14.01: PURPOSE AND OVERVIEW The purpose of this policy is to establish guidelines for fund balance levels within each of the Town of Prosper’s funds. It is essential that the Town maintain adequate levels of fund balance to mitigate financial risk that can occur from unforeseen revenue fluctuations, unanticipated expenditures, or adverse circumstances. The Town of Prosper avoids appropriating fund balance for recurring expenses. However, in the event that fund balance is used to support recurring expense, the budget will clearly identify the uses of fund balance and provide an explanation of the circumstances requiring the use of fund balance. In addition, the budget will also address the future potential uses of fund balance for operating expenditures and a course of action to replenish fund balances to target levels. This policy ensures the Town maintains adequate fund balances in various operating funds for capacity to: 1. Provide sufficient cash flow for daily financial needs, 2. Secure and maintain investment grade bond ratings, 3. Offset significant downturns or revenue shortfalls, and 4. Provide funds for unforeseen expenditures related to emergencies. SECTION 14.02: DEFINITIONS AND CATEGORIES A. Fund Balance Defined as the difference between a fund’s assets and liabiliti es reported in a governmental fund, which is more a measure of liquidity than of net worth. This would be most similar to working capital as used in the private sector. According to the Governmental Accounting Standards Board (GASB) statement number 54, fund balance must be allocated into one of the following five categories: 1. Nonspendable Fund Balance – includes amounts that either a. are not in a spendable form, or b. are legally or contractually required to be maintained intact. Examples include prepaid items, inventory, redevelopment properties held for resale, or endowments. Item 3 Chapter 14, Page 2 Exhibit A 2. 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, b. imposed by law through constitutional provisions or enabling legislation, or c. imposed by Town Charter. Examples include Contingency Appropriations in the Town Charter, grants, and debt covenants. 3. Committed Fund Balance – includes amounts that can be used only for the specific purposes determined by a formal action of the government's highest level of decision‐making authority. Commitments may be changed or lifted only by the government taking the same formal action that imposed the constraint originally. Examples include any Council‐imposed use or limitation set by Town Ordinance or Resolution. 4. Assigned Fund Balance – includes amounts intended to be used by the government for specific purposes. In governmental funds other than the general fund. assigned fund balance represents the amount that is not restricted or committed. This indicates that resources in other governmental funds are, at a minimum, intended to be used for the purpose of that fund. 5. Unassigned Fund Balance – is the residual classification of the general fund and includes all amounts not contained in the other classifications. Unassigned amounts are technically available for any purpose. Note: The above fund balance categories only apply to governmental funds. 6. Restricted Fund Balance – While the Fund Balance Policy is intended to focus more on unrestricted portions of fund balance. it is important to note a Town Charter provision in Section 7.08 as amended in May 2011 that imposes a legal restri ction on a Contingent Reserve of the General Fund. It reads, "Provision shall be made in the annual budget maintaining a contingency reserve fund balance designation in an amount not less than twenty percent (20%) of the total general fund expenditures, to be used in case of unforeseen items of expenditure or revenue shortfalls. This shall apply to current operating expenses and shall not overlap with any other amount of reserves maintained by the Town. Such contingency reserve appropriation shall be under the control of the Town Manager and distributed by him or her only in the event of an emergency or after supplemental appropriation by the Town Council. The proceeds of the contingency reserves shall be disbursed only by transfer to departmental appropriation, the spending of which shall be charged to the departments or activities for which the appropriations are made.'' 7. Committed Fund Balance – The Town Council is the Town's highest level of decision‐making authority and the formal action that is required to be taken to establish, modify, or resc.:ind a fund balance commitment is an ordinance or resolution adopted by the Town Council. The Item 3 Chapter 14, Page 3 Exhibit A formal action must either adopt or rescind the commitment, as applicable, prior to the last day of the fiscal year for which the commitment is made. The am ount subject to the constraint may be determined in the subsequent period. 8. Assigned Fund Balance – The Town Council authorizes the Town Manager or his/her designee as the official authorized person to assign fund balance to a specific purpose approved by this fund balance policy. 9. Order of Expenditure of Fund Balance – While multiple categories of fund balance are available for expenditure (for example, a construction project is being funded partly by a grant, funds set aside by the Town Council, and unassigned fund balance), the Town will start with the most restricted category and spend those funds first before moving down to the next category with available funds. Normally this would result in the use of restricted, then committed, then assigned, and lastly, unassigned fund balance. The Town reserves the right to selectively spend unassigned resources first to defer the use of these other classified funds if determined to be in the Town's best interest. 10. Minimum Unassigned Fund Balance – It is the goal of the Town to achieve and maintain an unassigned fund balance in the general fund equal to five percent (5%) of budgeted expenditures for unanticipated expenditures, unforeseen revenue fluctuations, or other adverse circumstances. The unassigned fund balance level, however, may be reduced during unusual financial circumstances. However, if such a situation occurs, the Town will implement necessary corrective action within a five‐year plan t o restore the unassigned fund balance to the equivalent of five percent (5%) of budgeted expenditures. This amount is in addition to the twenty percent (20%) restricted fund balance amount required by the Town Charter. 11. Non‐governmental fund balances – The fund balance categories discussed above do not apply to proprietary funds according to GASB 54. While not required by the GASB, the Town recognizes the need to apply a minimum balance policy to the proprietary funds maintained by the Town. Therefore, the Town shall strive to maintain a mi nimum ending working capital balance (current assets minus current liabilities) of at least twenty‐five percent (25%) of budgeted non‐capital expenditures for each of the proprietary funds. If the working capital level should fall below the desired minimum. the Town will implement necessary corrective action within a five‐year plan to restore the working capital balance to twenty‐five percent (25%) of budgeted non‐capital expenditures. Item 3 Page 1 of 3 To: Mayor and Town Council From: Harlan Jefferson, Town Manager Re: Town Council Meeting – September 19, 2016 Agenda Item: Consider and act upon an ordinance adopting the Fiscal Year 2016-2017 Annual Budget for the fiscal year beginning October 1, 2016, and ending September 30, 2017. Description of Agenda Item: Approval of this item will appropriate funds for the FY 2016-2017 Budget. Prior to this meeting, the Town published required notices, held two public hearings that included staff presentations about the budget, and gave interested taxpayers the opportunity to be heard by the Town Council. During the 2007 Texas legislative session, House Bill 3195 was passed, amending section 102.007 of the Local Government Code. Subsection C was added to state that adoption of a budget that requires raising more revenue from property taxes than in the previous year requires a separate vote of the governing body to ratify the property tax increase reflected in the budget. A vote under this subsection is in addition to, and separate from, the vote to adopt the budget or a vote to set the tax rate as required by Chapter 26 of the Tax Code. The FY 2016-2017 Proposed Budget raises more in property tax revenues than in the previous year. Although the overall budget is made up of thirteen separate funds, it is helpful to compare the four primary funds from year to year: FY 2017 Fund FY 2016 Amended Budget Proposed Budget (9/19/2016) $ Change % Change General $17,664,615 $21,530,132 $3,865,517 17.95% Water/Sewer $12,061,442 $12,065,437 $3,995 0.03% Debt Service $3,777,788 $4,182,809 $405,021 9.68% VERF $1,045,606 $234,910 ($810,696) (345.10)% Storm Drainage $350,780 $365,212 $14,432 3.95% Total $34,900,231 $38,378,500 $3,478,269 0.0004% TOWN MANAGER’S OFFICE Item 4 Page 2 of 3 The Proposed FY 2016-2017 budget is composed of discretionary and non-discretionary supplemental requests. The tables below display the most prominent requests from the General Fund and Water/Sewer Fund. General Fund Supplemental Requests Request Title Amount Street Lights – Coit Road $450,000 Prosper Trail Reconstruction $975,000 Four Full-Time Police Officers Additional Detective $387,672 $123,453 Needs Assessment – Public Safety Facility $ 75,000 Emergency Management Coordinator Fire Inspector/Investigator Relocate Lights from Main Street park Water/Sewer Fund Supplemental Requests $ 54,963 $129,479 $ 96,000 Request Title Amount Water Lines – Main Street Reconstruction $250,000 Wastewater Lines – Main Street Reconstruction $150,000 Trash Collection Growth Projection $251,725 The Town of Prosper FY 2016-2017 Annual Budget addresses increased service levels to Town residents in response to continued growth. The proposed budget also provides essential or money-saving capital investments in infrastructure and other public improvements, as well as additional public safety resources. The growth in the value of the Town’s tax base is nothing short of remarkable, and the Town’s reputation as a quality community is spreading. Notwithstanding the Town’s current and future growth potential and general optimism, this budget has been prepared with conservative revenue and expenditure assumptions in mind. The proposed budget amounts for some of the Town’s funds have not changed since it was originally transmitted to the Town Council on August 09. The table below displays the proposed fund budgets as presented on August 09, the current fund budgets, and the change. Fund Name 8/09/2016 9/19/2016 $ Change General Fund $20,270,788 $21,530,132 $1,259,344 Water/Sewer Fund $14,252,548 $12,065,437 ($467,397) Impact Fees $6,892,367 $7,873,142 $980,775 Storm Drainage $362,804 $365,212 $2,408 VERF $242,110 $234,910 $7,200 Item 4 Page 3 of 3 Legal Obligations and Review: Terrence Welch with Brown & Hofmeister, L.L.P., has reviewed and approved the attached ordinance as to form and legality. Attached Documents: 1. Ordinance Town Staff Recommendation: Town staff recommends that the Town Council adopt the Fiscal Year 2016-2017 Annual Budget as proposed. This item requires a record vote. Recommended Motions: I move to approve an ordinance adopting the Fiscal Year 2016-2017 Annual Budget for the fiscal year beginning October 1, 2016, and ending September 30, 2017, as proposed. Second motion to comply with state law: I move to ratify the property tax revenue increase as reflected in the Fiscal Year 2016-2017 Adopted Budget. Item 4 TOWN OF PROSPER, TEXAS ORDINANCE NO. 16-__ AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ADOPTING THE FISCAL YEAR 2016-2017 ANNUAL BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016, AND ENDING SEPTEMBER 30, 2017; FOR THE TOWN OF PROSPER, TEXAS; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR A REPEALER CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Annual Budget for the Town of Prosper, Texas, was prepared by the Town Manager and presented to the Town Council on August 09, 2016, in accordance with the Town Charter of the Town of Prosper, Texas; and WHEREAS, the proposed annual budget document was posted on the Town's Internet website and also made available for public review; and WHEREAS, a Notice of Public Hearings concerning the proposed Annual Town Budget was published as required by state law and said Public Hearings thereon were held by the Town Council on August 23, 2016, and September 13, 2016; and WHEREAS, following the Public Hearings, and upon careful review of the proposed Fiscal Year 2016-2017 Annual Budget, it is deemed to be in the best financial interests of the citizens of the Town of Prosper, Texas, that the Town Council approve said budget as presented by the Town Manager. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, THAT: SECTION 1 The above findings are hereby found to be true and correct and are incorporated herein in their entirety. SECTION 2 The official budget for the Town of Prosper, Texas, for the fiscal year beginning October 1, 2016, and ending September 30, 2017, is hereby adopted by the Town Council of the Town of Prosper, Texas, and the Town Secretary is directed to keep and maintain a copy of such official budget on file in the office of the Town Secretary and, upon request, make same available to the citizens and the general public. SECTION 3 The sums specified in Exhibit A are hereby appropriated from the respective funds for the payment of expenditures on behalf of the Town government as established in the approved budget document. Item 4 Ordinance No. 16-__, Page 2 SECTION 4 Should any part, portion, section, or part of a section of this Ordinance be declared invalid, or inoperative, or void for any reason by a court of competent jurisdiction, such decision, opinion, or judgment shall in no way affect the remaining provisions, parts, sections, or parts of sections of this Ordinance, which provisions shall be, remain, and continue to be in full force and effect. SECTION 5 All ordinances and appropriations for which provisions have heretofore been made are hereby expressly repealed if in conflict with the provisions of this Ordinance. SECTION 6 In accordance with state law and the Town’s Code of Ordinances, proper Notice of Public Hearings was provided for said Ordinance to be considered and passed, and this Ordinance shall take effect and be in full force and effect from and after its final passage. SECTION 7 Specific authority is hereby given to the Town Manager to transfer appropriations budgeted from one account classification or activity to another within any individual department or activity. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, BY A VOTE OF ___ TO ___ON THIS THE 19TH DAY OF SEPTEMBER, 2016. APPROVED: _____________________________ Ray Smith, Mayor ATTEST: _____________________________________ Robyn Battle, Town Secretary APPROVED AS TO FORM AND LEGALITY: _____________________________________ Terrence S. Welch, Town Attorney Item 4 AMENDED BUDGET 2015‐2016 AS ORIGINALLY TRANSMITTED CHANGES FINAL PROPOSED GENERAL FUND Administration 3,349,544 3,718,377 (5,656) 3,712,721 Police Services 3,131,858 3,836,484 - 3,836,484 Fire Services 3,947,550 4,733,929 - 4,733,929 Public Works 2,142,874 2,205,908 1,265,000 3,470,908 Community Services 2,134,186 2,728,045 - 2,728,045 Development Services 2,166,279 2,218,078 - 2,218,078 Engineering 792,324 829,967 - 829,967 17,664,615$ 20,270,788$ 1,259,344$ 21,530,132$ WATER/SEWER FUND Administration 5,599,126 5,903,974 (23,397) 5,880,577 Public Works 6,462,316 8,348,574 (444,000) 7,904,574 12,061,442$ 14,252,548$ (467,397)$ 12,065,437$ DEBT SERVICE (I&S)3,777,788 4,182,809 - 4,182,809 PARKS IMPROVEMENT AND DEDICATION FEES 1,590,000 90,000 - 90,000 IMPACT FEES 16,568,103 6,892,367 980,775 7,873,142 INTERNAL SERVICE 40,000 40,000 - 40,000 SPECIAL REVENUE 100,000 95,179 - 95,179 STORM DRAINAGE 350,780 362,804 2,408 365,212 VERF 1,045,606 242,110 (7,200) 234,910 23,472,277$ 11,905,269$ 975,983$ 12,881,252$ 53,198,334$ 46,428,605$ 1,767,930$ 46,476,821$ Unspent project funds for Capital Projects, Park Improvement and Dedication Fees, Impact Fees, and Special Revenues, as of September 30, 2016, will automatically be re‐apportioned to their respective projects for FY 2016‐2017. Funds encumbered for the VERF will also be re‐apportioned for FY 2016‐2017. GRAND TOTAL EXHIBIT "A" General Fund Total Water/Sewer Total Other Funds Total PROPOSED BUDGET 2016‐2017 Ordinance No. 16-__, Page 3 Item 4 Page 1 of 1 To: Mayor and Town Council From: Harlan Jefferson, Town Manager Re: Town Council Meeting – September 19, 2016 Agenda Item: Consider and act upon an ordinance adopting the Town of Prosper 2016 Property Tax Rate. Description of Agenda Item: This item is to adopt the 2016 tax rate to generate sufficient revenues as required in the Adopted FY 2016-2017 Budget. The attached ordinance sets the 2016 ad valorem tax rate at $0.52 cents per $100 assessed valuation, to be distributed as follows: $0.367500 for Maintenance and Operations $0.152500 for Debt Service Totaling $0.520000 Total Tax Rate Legal Obligations and Review: Terrence Welch with Brown & Hofmeister, L.L.P., has reviewed and approved the attached ordinance as to form and legality. Attached Documents: 1. Ordinance Town Staff Recommendation: The tax code is specific in the form of making a motion to set the tax rate. Town staff recommends that the Town Council approve an ordinance adopting the 2016 tax rate using the language below. This item requires a record vote. Recommended Motion: Please make your motion in this form: “I move that the property tax rate be increased by the adoption of a tax rate of $0.52 per $100 assessed valuation, which is effectively an 8.62 percent increase in the tax rate.” TOWN MANAGER’S OFFICE Item 5 TOWN OF PROSPER, TEXAS ORDINANCE NO. 16-__ AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ADOPTING THE TOWN OF PROSPER 2016 PROPERTY TAX RATE; LEVYING TAXES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016, AND ENDING SEPTEMBER 30, 2017, AT THE RATE OF $0.52 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE TOWN OF PROSPER, TEXAS, IN ACCORDANCE WITH EXISTING STATUTORY REQUIREMENTS; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR A REPEALER CLAUSE; PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF ON THE TOWN’S HOME PAGE OF ITS WEBSITE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town Council of the Town of Prosper, Texas (hereinafter referred to as the “Town”), hereby finds that the tax for the fiscal year beginning October 1, 2016, and ending September 30, 2017, hereinafter levied for current expenditures of the Town and the general improvements of the Town and its property, must be levied to provide revenue requirements for the budget for the ensuing year; and WHEREAS, the Town Council has approved, by separate ordinance to be adopted on the 19th day of September, 2016, the budget for the fiscal year beginning October 1, 2016, and ending September 30, 2017; and WHEREAS, all statutory and constitutional requirements concerning the levying and assessing of ad valorem taxes have been complied with by the Town. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, THAT: SECTION 1 The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2 The Town Council of the Town of Prosper, Texas, does hereby adopt and levy the following tax rate of $0.520000 per $100 assessed valuation for the Town for tax year 2016 as follows: $0.367500 for the purpose of maintenance and operation; and $0.152500 for payment of principal and interest on debt service. SECTION 3 The rate adopted is higher than the effective rate and lower than the rollback rate as calculated according to the Truth In Taxation provisions of the Texas Tax Code, as amended, and the total levy for maintenance and operations exceeds last year’s levy for same. Item 5 Ordinance No. 16-__, Page 2 THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 8.62 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.43. The Town’s website shall reflect the foregoing statements, pursuant to applicable provisions of the Texas Tax Code, as amended. SECTION 4 The Tax Assessor-Collectors for Collin County and Denton County are hereby authorized to assess and collect the taxes of the Town of Prosper in accordance with this Ordinance. The Town shall have all rights and remedies provided by the law for the enforcement of the collection of taxes levied under this ordinance. SECTION 5 All provisions of any ordinance in conflict with this Ordinance are hereby repealed; however, such repeal shall not abate any pending prosecution for violation of the repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting ordinances shall remain in full force and effect. SECTION 6 Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. The Town hereby declares that it would have passed this Ordinance, and each section, subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid. SECTION 7 This Ordinance shall become effective from and after its adoption and publication, as required by law. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, BY A VOTE OF ___ TO ___, ON THIS THE 19TH DAY OF SEPTEMBER, 2016. APPROVED: ___________________________________ Ray Smith, Mayor Item 5 Ordinance No. 16-__, Page 3 ATTEST: ___________________________________ Robyn Battle, Town Secretary APPROVED AS TO FORM AND LEGALITY: ___________________________________ Terrence S. Welch, Town Attorney Item 5 Page 1 of 2 To: Mayor and Town Council From: Hulon T. Webb, Jr, P.E., Executive Director of Development and Community Services Through: Harlan Jefferson, Town Manager Re: Town Council Meeting – September 19, 2016 Agenda Item: Consider and act upon a resolution adopting the Fiscal Year 2016-2017 Capital Improvement Program. Description of Agenda Item: Town staff has prepared the Fiscal Year (FY) 2016-2017 Proposed Capital Improvement Program for adoption by the Town Council. This program includes budgeted capital projects for the 2016- 2017 fiscal year and major planned capital projects to 2025. The most notable projects for FY 2016-2017 are as follows: Street Projects  $ 6,781,000: Continuation of West Prosper Roads Project  $ 2,975,000: Prosper Trail (Kroger – Coit)  $ 1,650,000: Downtown Enhancements (Broadway)  $ 320,000: Third Street (Church – Lane)  $ 430,000: Sixth Street (Coleman – Church)  $ 260,000: Eighth Street (Church – PISD Admin)  $ 250,000: Field Street (First – Broadway)  $ 625,000: Main Street (First – Broadway)  $ 1,000,000: Old Town Streets 2015 (Fifth, McKinley)  $ 515,000: Parvin Street (Broadway – Eighth)  $ 270,000: Parvin Road (Good Hope – FM 1385)  $ 400,000: Pasewark (Preston – Hickory)  $ 200,000: Cook Lane and E-W Collector – Design Only  $ 770,000: Coit Road (First – Frontier) – Design Only  $ 540,000: Prosper Trail (Coit – Custer) – Design Only Traffic Projects  $ 450,000: Median Lighting – Coit Road (US 380 – First) Parks Projects  $ 9,601,225: Frontier Park – North Field Improvements  $ 90,000: Preston Lakes Playground Construction Prosper is a place where everyone matters. ENGINEERING Item 6 Page 2 of 2 Facility Projects  $ 20,476,500: Continuation of Town Hall/Multi-Purpose Facility Project (Professional Services, Construction, Furniture, Fixtures, and Equipment, and Offsite Infrastructure) Water Projects  $ 337,500: County Line Elevated Storage Tank – Design Only  $ 70,7750: 24” WL Connection from County Line EST to DNT  $ 22,902,900: Lower Pressure Plane Pump Station and Transmission Line Drainage Projects  $ 282,500: Coleman Street Channel Improvements  $ 800,000: Old Town Drainage – First & Main Trunk Main  $ 385,000: Old Town Regional Detention/Retention – Land Acquisition  $ 550,000: Old Town Regional Retention – Broadway (Design & Construction) Attached Documents: 1. Resolution 2. FY 2016-2017 Capital Improvement Program Town Staff Recommendation: Town staff recommends that the Town Council approve a resolution adopting the Fiscal Year 2016-2017 Capital Improvement Program. Item 6 TOWN OF PROSPER, TEXAS RESOLUTION NO. 16-__ A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ADOPTING THE CAPITAL IMPROVEMENT PROGRAM OF THE TOWN OF PROSPER; REPEALING ALL CONFLICTING RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Town staff has presented the Town Council with a recommended Fiscal Year 2016-2017 Capital Improvement Program which includes budgeted revenues and expenditures for Fiscal Year 2016-2017 and planned revenues and expenditures for future years; and WHEREAS, the recommendation includes funding from a variety of sources including general obligation bonds, certificates of obligation, revenue bonds, impact fees, grant funds, escrows, developer agreements, park fees, general fund appropriations, and other sources; and WHEREAS, the Town Council wishes to formally adopt the Fiscal Year 2016-2017 Capital Improvement Program. 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 adopts the Fiscal Year 2016- 2017 Capital Improvement Program, which is attached hereto as Exhibit A and fully incorporated herein and made a part of this Resolution for all purposes. SECTION 2 Any and all ordinances, resolutions, rules, regulations, policies, or provisions in conflict with the provisions of this Resolution are hereby repealed and rescinded to the extent of any conflict herewith. 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 19TH DAY OF SEPTEMBER, 2016. ___________________________________ Ray Smith, Mayor ATTEST: ____________________________________ Robyn Battle, Town Secretary Item 6 APPROVED AS TO FORM AND LEGALITY: ____________________________________ Terrence S. Welch, Town Attorney Item 6 Resolution No. 16-__, Page 2 EXHIBIT A FISCAL YEAR 2016-2017 CAPITAL IMPROVEMENT PROGRAM Item 6 Resolution No. 16-__, Page 3 To t a l Is s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 C o s t Au t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 18 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 01 16 1 2 - S T C h u r c h S t r e e t ( F i r s t - P I S D ) 75 0 , 0 0 0 75 0 , 0 0 0 15 0 , 0 0 0 E 58 8 , 8 1 6 1 1 , 1 8 4 01 02 C o l e m a n S t r e e t ( a t P r o s p e r H S ) 85 0 , 0 0 0 85 0 , 0 0 0 42 5 , 0 0 0 B 425,000 425,000 02 03 16 0 9 - S T C u s t e r R o a d T u r n L a n e s @ P r o s p e r T r a i l 10 0 , 0 0 0 10 0 , 0 0 0 10 0 , 0 0 0 A 03 04 D N T S o u t h b o u n d B r a i d e d R a m p 4, 0 0 0 , 0 0 0 4, 0 0 0 , 0 0 0 4, 0 0 0 , 0 0 0 J 04 05 D N T S o u t h b o u n d F r o n t a g e R o a d 9 , 5 0 0 , 0 0 0 9, 5 0 0 , 0 0 0 9, 5 0 0 , 0 0 0 J. X 05 06 14 1 2 - S T D o w n t o w n E n h a n c e m e n t s ( B r o a d w a y ) 60 , 0 0 0 1 4 0 , 0 0 0 1 , 6 5 0 , 0 0 0 1, 8 5 0 , 0 0 0 1, 6 0 0 , 0 0 0 D 25 0 , 0 0 0 06 07 E i g h t h S t r e e t ( C h u r c h - P I S D A d m i n ) 2 6 0 , 0 0 0 26 0 , 0 0 0 260,000 2 6 0 , 0 0 0 07 08 F i e l d S t r e e t ( F i r s t - B r o a d w a y ) 25 0 , 0 0 0 25 0 , 0 0 0 250,000 2 5 0 , 0 0 0 08 09 15 1 2 - S T F i r s t S t r e e t ( D N T - C o l e m a n ) 55 0 , 0 0 0 4 0 , 0 0 0 7, 6 5 0 , 0 0 0 8, 2 4 0 , 0 0 0 59 0 , 0 0 0 A 7,650,000 7,650,000 09 10 16 1 1 - S T F i r s t S t r e e t ( T o w n l a k e - C u s t e r ) 67 0 , 0 0 0 67 0 , 0 0 0 670,000 10 11 16 1 0 - S T F i s h t r a p R o a d ( A r t e s i a - D a l l a s P a r k w a y ) 1, 3 2 0 , 2 5 4 1, 3 2 0 , 2 5 4 82 0 , 0 0 0 D 500,254 11 12 13 0 7 - S T F r o n t i e r P a r k w a y ( B N S F O v e r p a s s ) 2, 3 4 0 , 0 0 0 1 , 3 1 0 , 0 0 0 3, 6 5 0 , 0 0 0 3, 6 5 0 , 0 0 0 A 365,000 12 13 G a t e s o f P r o s p e r R o a d I m p r o v e m e n t s , P h a s e 1 2 , 0 0 0 , 0 0 0 2, 0 0 0 , 0 0 0 2, 0 0 0 , 0 0 0 X 13 14 G a t e s o f P r o s p e r R o a d I m p r o v e m e n t s , P h a s e 2 50 0 , 0 0 0 50 0 , 0 0 0 50 0 , 0 0 0 X 14 15 G a t e s o f P r o s p e r R o a d I m p r o v e m e n t s , P h a s e 3 15 , 2 0 0 , 0 0 0 15 , 2 0 0 , 0 0 0 15 , 2 0 0 , 0 0 0 X 15 16 Ga t e s o f P r o s p e r R o a d I m p r o v e m e n t s P h a s e 4 7 5 0 0 0 0 0 7 5 0 0 0 0 0 7 5 0 0 0 0 0 X 1601 Ot h e r So u r c e s Su m m a r y o f C a p i t a l I m p r o v e m e n t P r o g r a m - 0 9 / 1 9 / 1 6 Index Ge n e r a l F u n d P r o j e c t s Index St r e e t P r o j e c t s Fu n d i n g S o u r c e s 16 Ga t e s of Pr o s p e r Ro a d Im p r o v e m e n t s , Ph a s e 4 7 ,50 0 ,00 0 7 ,50 0 ,00 0 7 ,50 0 ,00 0 X 16 17 M a i n S t r e e t ( F i r s t - B r o a d w a y ) 62 5 , 0 0 0 62 5 , 0 0 0 40 0 , 0 0 0 E 22 5 , 0 0 0 17 18 15 1 3 - S T O l d T o w n S t r e e t s 2 0 1 5 ( F i f t h , M c K i n l e y ) 1, 0 0 0 , 0 0 0 1, 0 0 0 , 0 0 0 80 9 , 0 0 4 1 9 0 , 9 9 6 50,996 18 19 P a r v i n R o a d ( G o o d H o p e - F M 1 3 8 5 ) 27 0 , 0 0 0 27 0 , 0 0 0 270,000 270,000 19 20 P a s e w a r k ( P r e s t o n - H i c k o r y ) 40 0 , 0 0 0 40 0 , 0 0 0 400,000 400,000 20 21 15 1 1 - S T P r o s p e r T r a i l ( K r o g e r - C o i t ) 30 5 , 0 0 0 3, 9 7 5 , 0 0 0 4, 2 8 0 , 0 0 0 4, 2 8 0 , 0 0 0 A, D 3,975,000 3,975,000 21 22 14 1 4 - S T P r o s p e r T r a i l ( K r o g e r ) 1, 0 9 0 , 0 0 0 1, 0 9 0 , 0 0 0 1, 0 9 0 , 0 0 0 A 22 23 14 1 5 - S T T e e l P a r k w a y ( D C F W S D # 1 0 ) 2, 6 0 0 , 0 0 0 2, 6 0 0 , 0 0 0 2, 6 0 0 , 0 0 0 A, X 23 24 15 0 7 - S T W e s t P r o s p e r R o a d I m p r o v e m e n t s 6, 0 0 0 , 0 0 0 6 , 7 8 1 , 0 0 0 12 , 7 8 1 , 0 0 0 8, 5 1 6 , 0 0 0 B, C 4, 2 6 5 , 0 0 0 24 25 P a r v i n S t r e e t ( B r o a d w a y - E i g h t h ) 51 5 , 0 0 0 51 5 , 0 0 0 51 5 , 0 0 0 D 25 26 S i x t h S t r e e t ( C o l e m a n - C h u r c h ) 43 0 , 0 0 0 43 0 , 0 0 0 43 0 , 0 0 0 D 26 27 T h i r d S t r e e t ( C h u r c h - L a n e ) 32 0 , 0 0 0 32 0 , 0 0 0 32 0 , 0 0 0 D 27 28 C o o k L a n e ( F i r s t - E n d ) 20 0 , 0 0 0 1, 3 5 0 , 0 0 0 1, 5 5 0 , 0 0 0 20 0 , 0 0 0 A 1,350,000 1,350,000 28 29 E- W C o l l e c t o r ( C o o k L a n e - D N T ) ; d e s i g n d o n e w / C o o k L a n e 80 0 , 0 0 0 80 0 , 0 0 0 800,000 800,000 30 C r a i g S t r e e t ( P r e s t o n - F i r s t ) 75 0 , 0 0 0 75 0 , 0 0 0 750,000 750,000 30 31 C r a i g S t r e e t ( F i r s t - B r o a d w a y ) 35 0 , 0 0 0 35 0 , 0 0 0 350,000 350,000 31 32 C r a i g S t r e e t ( B r o a d w a y - F i f t h ) 20 0 , 0 0 0 20 0 , 0 0 0 200,000 200,000 32 33 F i f t h S t r e e t ( P a r v i n - C r a i g ) 40 0 , 0 0 0 40 0 , 0 0 0 400,000 400,000 33 34 L a n e S t r e e t ( F i r s t - T h i r d ) 21 0 , 0 0 0 21 0 , 0 0 0 210,000 210,000 34 35 N o r t h S t r e e t ( S e v e n t h - E i g h t h ) 17 5 , 0 0 0 17 5 , 0 0 0 175,000 175,000 35 36 P e c a n S t r e e t ( F i r s t - E n d ) 20 0 , 0 0 0 20 0 , 0 0 0 200,000 200,000 36 37 C r o w n C o l o n y ( M e a d o w R u n - B r a d f o r d ) 46 5 , 0 0 0 46 5 , 0 0 0 465,000 465,000 37 38 C r o w n C o l o n y ( B r a d f o r d - H i g h P o i n t ) 50 0 , 0 0 0 50 0 , 0 0 0 500,000 500,000 38 39 R i d g e w o o d ( H a y s - C r o w n C o l o n y ) 56 0 , 0 0 0 56 0 , 0 0 0 560,000 560,000 39 40 W a t e r w o o d ( R i d g e w o o d - E n d ) 15 0 , 0 0 0 15 0 , 0 0 0 150,000 150,000 40 41 Co l o n i a l ( R i d g e w o o d - E n d ) 15 0 , 0 0 0 15 0 , 0 0 0 150,000 150,000 41 42 Sh a d y O a k s L a n e ( R i d g e w o o d - E n d ) 15 0 , 0 0 0 15 0 , 0 0 0 150,000 150,000 42 43 Ri v e r h i l l ( R i d g e w oo d - E n d ) 15 0 , 0 0 0 15 0 , 0 0 0 150,000 150,000 43 44 Pr o s p e r T r a i l ( C o i t - C u s t e r ) 5 4 0 , 0 0 0 7 , 0 2 8 , 0 0 0 7, 5 6 8 , 0 0 0 54 0 , 0 0 0 A 7,028,000 7,028,000 44 45 C o i t R o a d ( F i r s t - F r o n t i e r ) 77 0 , 0 0 0 1 0 , 0 5 0 , 0 0 0 10 , 8 2 0 , 0 0 0 77 0 , 0 0 0 A 10,050,000 10,050,000 45 46 Fi f t h S t r e e t ( C o l e m a n - C h u r c h ) 37 5 , 0 0 0 37 5 , 0 0 0 375,000 375,000 46 47 Th i r d S t r e e t ( M a i n - C o l e m a n ) 25 0 , 0 0 0 25 0 , 0 0 0 250,000 250,000 47 48 Pl y m o u t h C o l o n y ( B r a d f o r d - H i g h P o i n t ) 40 0 , 0 0 0 40 0 , 0 0 0 108,816 2 9 1 , 1 8 4 400,000 48 49 Pl y m o u t h C o l o n y C i r c l e ( P l y m o u t h C o l o n y - E n d ) 20 0 , 0 0 0 20 0 , 0 0 0 200,000 200,000 49 50 Pr e s t o n v i e w ( H a y s - B e t t s ) 75 0 , 0 0 0 75 0 , 0 0 0 750,000 750,000 50 51 Be t t s L a n e ( P r e s t o n v i e w - H i g h P o i n t ) 25 0 , 0 0 0 25 0 , 0 0 0 250,000 250,000 51 52 Hi g h P o i n t D r i v e ( H a y s - B e t t s ) 72 5 , 0 0 0 72 5 , 0 0 0 725,000 725,000 52 53 W e s t Y o r k s h i r e D r i v e ( H i g h P o i n t - B r a d f o r d ) 25 0 , 0 0 0 25 0 , 0 0 0 250,000 250,000 53 54 Br a d f o r d D r i v e ( W e s t Y o r k s h i r e - P l y m o n t h C o l o n y ) 60 0 , 0 0 0 60 0 , 0 0 0 600,000 600,000 54 55 Ch a n d l e r C i r c l e ( P r e s t o n R o a d - H a y s ) 70 0 , 0 0 0 70 0 , 0 0 0 700,000 700,000 55 5, 5 1 5 , 0 0 0 1 0 , 0 1 0 , 2 5 4 2 9 , 9 2 6 , 0 0 0 2 , 1 6 0 , 0 0 0 0 6 2 , 9 8 8 , 0 0 0 1 1 0 , 5 9 9 , 2 5 4 6 5 , 6 9 6 , 0 0 0 6 , 1 3 7 , 8 2 0 7 , 6 9 6 , 2 5 0 3 5 , 0 4 4 , 1 8 4 3 6 5 , 0 0 0 1 , 2 3 0 , 9 9 6 4 2 5 , 0 0 0 3 , 9 7 5 , 0 0 0 3 5 , 7 8 8 , 0 0 0 S u b t o t a l A I m p a c t F e e s B G r a n t a n d I n t e r l o c a l F u n d s C D e v e l o p e r A g r e e m e n t s D G e n e r a l F u n d E W a t e r / W a s t e w a t e r F u n d F S t o r m w a t e r D r a i n a g e F u n d G P a r k D e v e l o p m e n t F u n d HT I R Z # 1 JT I R Z # 2 K E s c r o w s X N o n - C a s h C o n t r i b u t i o n s Z O t h e r S o u r c e s ( S e e D e t a i l ) De s c r i p t i o n C o d e s - O t h e r S o u r c e s Item 6 Re s o l u t i o n No . 16 - _ _ , Pa g e 4 Fu n d i n g S o u r c e s To t a l O t h e r I s s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 C o s t S o u r c e s A u t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2017-2018 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 01 Me d i a n L i g h t i n g - C o i t R o a d ( U S 3 8 0 - F i r s t ) 4 5 0 , 0 0 0 45 0 , 0 0 0 45 0 , 0 0 0 D 01 02 Me d i a n L i g h t i n g - C o i t R o a d ( F i r s t - F r o n t i e r ) 1, 0 0 0 , 0 0 0 1, 0 0 0 , 0 0 0 1, 0 0 0 , 0 0 0 D 02 03 Me d i a n L i g h t i n g - F i r s t S t r e e t ( C r a i g - C o i t ) 62 5 , 0 0 0 62 5 , 0 0 0 62 5 , 0 0 0 D 03 04 Me d i a n L i g h t i n g - P r o s p e r T r a i l ( D a l l a s P k w y - P r e s t o n ) 82 5 , 0 0 0 82 5 , 0 0 0 82 5 , 0 0 0 D 04 05 Tr a f f i c S i g n a l - C o i t R d & P r o s p e r T r a i l 22 0 , 0 0 0 22 0 , 0 0 0 22 0 , 0 0 0 A 05 06 Tr a f f i c S i g n a l - C o i t R d & F i r s t S t 22 0 , 0 0 0 22 0 , 0 0 0 22 0 , 0 0 0 A 06 07 Tr a f f i c S i g n a l - C o i t R d & R i c h l a n d B l v d 22 0 , 0 0 0 22 0 , 0 0 0 22 0 , 0 0 0 A 07 08 Tr a f f i c S i g n a l - D a l l a s P k w y & F i r s t S t 1 8 0 , 0 0 0 18 0 , 0 0 0 18 0 , 0 0 0 A 08 09 US 3 8 0 I l l u m i n a t e d S t r e e t S i g n s 25 , 0 0 0 25 , 0 0 0 25 , 0 0 0 A 0902 Tr a f f i c P r o j e c t s Index Index 18 0 , 0 0 0 4 7 5 , 0 0 0 66 0 , 0 0 0 2 , 4 5 0 , 0 0 0 3 , 7 6 5 , 0 0 0 3 , 7 6 5 , 0 0 0 Fu n d i n g S o u r c e s To t a l Ot h e r Is s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 C o s t S o u r c e s Au t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2017-2018 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 01 13 0 3 - P K Co c k r e l l P a r k 90 , 0 0 0 64 3 , 0 0 0 73 3 , 0 0 0 90 , 0 0 0 G 643,000 643,000 01 02 16 0 3 - P K Fr o n t i e r P a r k - N o r t h F i e l d I m p r o v e m e n t s 85 0 , 0 0 0 9 , 6 0 1 , 2 2 5 10 , 4 5 1 , 2 2 5 92 5 , 0 0 0 B, G 1,150,000 8 , 3 7 6 , 2 2 5 700,000 02 03 16 0 4 - P K Fr o n t i e r P a r k - P a r k i n g I m p r o v e m e n t s 2 0 1 6 45 0 , 0 0 0 45 0 , 0 0 0 45 0 , 0 0 0 G 03 04 16 0 2 - P K Fr o n t i e r P a r k - S o u t h e a s t C o r n e r F i e l d L i g h t i n g P h a s e 2 60 0 , 0 0 0 60 0 , 0 0 0 60 0 , 0 0 0 G 04 05 Pe c a n G r o v e I r r i g a t i o n 75 , 0 0 0 75 , 0 0 0 75 , 0 0 0 D 05 06 16 0 5 - P K Pr e s t o n L a k e s P l a y g r o u n d 90 , 0 0 0 90 , 0 0 0 90 , 0 0 0 G 06 07 Co i t R o a d M e d i a n L a n d s c a p i n g ( F i r s t - F r o n t i e r ) 80 0 , 0 0 0 80 0 , 0 0 0 80 0 , 0 0 0 D 07 08 14 1 7 - P K Ri c h l a n d B o u l e v a r d M e d i a n L a n d s c a p i n g 5, 0 0 0 17 0 , 0 0 0 17 5 , 0 0 0 5, 0 0 0 D 170,000 170,000 08 09 Se x t o n F a r m s P a r k , P h a s e I 16 , 8 0 0 , 0 0 0 16 , 8 0 0 , 0 0 0 16,800,000 16,800,000 09 95 , 0 0 0 1 , 9 0 0 , 0 0 0 9 , 6 9 1 , 2 2 5 7 1 8 , 0 0 0 0 0 1 7 , 7 7 0 , 0 0 0 3 0 , 1 7 4 , 2 2 5 3 , 0 3 5 , 0 0 0 0 1 , 1 5 0 , 0 0 0 2 5 , 9 8 9 , 2 2 5 0 7 0 0 , 0 0 0 6 4 3 , 0 0 0 0 0 1 6 , 9 7 0 , 0 0 0 Fu n d i n g S o u r c e s To t a l O t h e r I s s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 C o s t S o u r c e s A u t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2017-2018 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 01 Ce n t r a l F i r e S t a t i o n , P h a s e I I 85 0 , 0 0 0 85 0 , 0 0 0 850,000 850,000 01 02 Co o k L a n e F i r e S t a t i o n (st a t i o n ,tr a i n i n g, ad m i n ,EO C ) 14 ,67 0 ,00 0 14 ,67 0 ,00 0 14 ,670 ,000 14 ,670 ,000 02 Fa c i l i t y P r o j e c t s Index Index Index S u b t o t a l Index Pa r k P r o j e c t s S u b t o t a l (, g , , ) ,, ,, ,,,, 03 Ge n t l e C r e e k F i r e S t a t i o n 5, 6 2 5 , 0 0 0 5, 6 2 5 , 0 0 0 5,625,000 5,625,000 03 04 Pa r k s O p e r a t i o n s a n d P u b l i c W o r k s C o m p l e x 10 , 9 0 0 , 0 0 0 10 , 9 0 0 , 0 0 0 900,000 1 0 , 0 0 0 , 0 0 0 5,450,000 04 05 Pu b l i c S a f e t y F a c i l i t y ( P o l i c e S t a t i o n a n d F i r e S t a t i o n ) 7 5 , 0 0 0 6 , 92 5 , 0 0 0 7, 0 0 0 , 0 0 0 1,000,000 6 , 0 0 0 , 0 0 0 7,000,000 05 06 Re c r e a t i o n C e n t e r 1, 5 0 0 , 0 0 0 1 3 , 5 0 0 , 0 0 0 15 , 0 0 0 , 0 0 0 15,000,000 1 , 5 0 0 , 0 0 0 1 3 , 5 0 0 , 0 0 0 06 07 Se n i o r F a c i l i t y 5, 0 0 0 , 0 0 0 5, 0 0 0 , 0 0 0 5,000,000 5,000,000 07 08 14 0 2 - F C To w n H a l l - P r o f e s s i o n a l S e r v i c e s 25 0 , 0 0 0 1 , 3 0 0 , 0 0 0 3 1 1 , 5 0 0 1, 8 6 1 , 5 0 0 1,250,000 6 1 1 , 5 0 0 1 , 2 5 0 , 0 0 0 4 1 1 , 5 0 0 08 09 16 0 1 - F C To w n H a l l - C o n s t r u c t i o n 18 , 8 1 3 , 0 0 0 18 , 8 1 3 , 0 0 0 18,813,000 9 , 1 7 5 , 0 0 0 5 , 0 0 0 , 0 0 0 4 , 6 3 8 , 0 0 0 09 10 To w n H a l l - F u r n i t u r e , F i x t u r e s , a n d E q u i p m e n t 1 , 3 6 2 , 0 0 0 1, 3 6 2 , 0 0 0 1,362,000 1 , 3 6 2 , 0 0 0 10 11 15 1 4 - S T To w n H a l l - O f f s i t e I n f r a s t r u c t u r e 1, 2 7 5 , 0 0 0 1, 2 7 5 , 0 0 0 1,275,000 1,275,000 11 12 14 0 1 - F C W i n d s o n g R a n c h F i r e S t a t i o n 7, 2 9 6 , 0 0 0 2 0 4 , 0 0 0 7, 5 0 0 , 0 0 0 1, 8 3 7 , 0 0 0 D 5, 6 6 3 , 0 0 0 12 13 13 0 8 - E Q W i n d s o n g R a n c h F i r e S t a t i o n - A p p a r a t u s 81 5 , 0 0 0 26 3 , 0 0 0 1, 0 7 8 , 0 0 0 1, 0 7 8 , 0 0 0 D 13 7, 5 4 6 , 0 0 0 3 , 5 9 4 , 0 0 0 2 0 , 5 6 1 , 5 0 0 2 6 3 , 0 0 0 1 , 5 0 0 , 0 0 0 0 5 7 , 4 7 0 , 0 0 0 9 0 , 9 3 4 , 5 0 0 2 , 9 1 5 , 0 0 0 5 , 6 6 3 , 0 0 0 3 , 1 5 0 , 0 0 0 7 9 , 2 0 6 , 5 0 0 1 , 2 5 0 , 0 0 0 1 0 , 8 6 1 , 5 0 0 5 , 0 0 0 , 0 0 0 7 , 5 0 0 , 0 0 0 0 5 2 , 0 9 5 , 0 0 0 13 , 1 5 6 , 0 0 0 1 5 , 6 8 4 , 2 5 4 6 0 , 6 5 3 , 7 2 5 3 , 1 4 1 , 0 0 0 1 , 5 0 0 , 0 0 0 6 6 0 , 0 0 0 1 4 0 , 6 7 8 , 0 0 0 2 3 5 , 4 7 2 , 9 7 9 7 5 , 4 1 1 , 0 0 0 1 1 , 8 0 0 , 8 2 0 1 1 , 9 9 6 , 2 5 0 1 4 0 , 2 3 9 , 9 0 9 1 , 6 1 5 , 0 0 0 1 2 , 7 9 2 , 4 9 6 6 , 0 6 8 , 0 0 0 7 , 5 0 0 , 0 0 0 3 , 9 7 5 , 0 0 0 1 0 4 , 8 5 3 , 0 0 0 A I m p a c t F e e s B G r a n t a n d I n t e r l o c a l F u n d s C D e v e l o p e r A g r e e m e n t s D G e n e r a l F u n d E Wt / W t t F d S u b t o t a l G r a n d T o t a l G e n e r a l F u n d De s c r i p t i o n C o d e s - O t h e r S o u r c e s E W a t er / W as t ewa t er F un d F S t o r m w a t e r D r a i n a g e F u n d G P a r k D e v e l o p m e n t F u n d HT I R Z # 1 JT I R Z # 2 K E s c r o w s X N o n - C a s h C o n t r i b u t i o n s Z O t h e r S o u r c e s ( S e e D e t a i l ) Item 6 Re s o l u t i o n No . 16 - _ _ , Pa g e 5 Fu n d i n g S o u r c e s To t a l O t h e r I s s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 5 C o s t S o u r c e s A u t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2017-2018 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 01 15 0 8 - W A BN S F R a i l r o a d P R V ' s 50 , 0 0 0 5 3 2 , 2 0 0 58 2 , 2 0 0 58 2 , 2 0 0 01 02 Co u n t y L i n e E l e v a t e d S t o r a g e T a n k 33 7 , 5 0 0 4 , 5 0 0 , 0 0 0 4, 8 3 7 , 5 0 0 86 6 , 7 2 5 A 3,970,775 3,970,775 02 03 24 " W L C o n n e c t i o n f r o m C o u n t y L i n e E S T t o D N T 70 , 7 7 5 9 2 4 , 2 2 5 99 5 , 0 0 0 70 , 7 7 5 A 924,225 924,225 03 04 Fi s h t r a p 2 0 " W a t e r L i n e ( L e g a c y - D N T ) 1, 3 3 3 , 4 2 5 1, 3 3 3 , 4 2 5 1, 3 3 3 , 4 2 5 A 04 05 Ga t e s o f P r o s p e r W a t e r I m p r o v e m e n t s , P h a s e 1 4 7 0 , 0 0 0 47 0 , 0 0 0 47 0 , 0 0 0 X 05 06 Ga t e s o f P r o s p e r W a t e r I m p r o v e m e n t s , P h a s e 2 1, 6 2 5 , 0 0 0 1, 6 2 5 , 0 0 0 1, 6 2 5 , 0 0 0 X 06 07 Ga t e s o f P r o s p e r W a t e r I m p r o v e m e n t s , P h a s e 3 90 0 , 0 0 0 90 0 , 0 0 0 90 0 , 0 0 0 X 07 08 Ga t e s o f P r o s p e r W a t e r I m p r o v e m e n t s , P h a s e 4 2, 1 2 5 , 0 0 0 2, 1 2 5 , 0 0 0 2, 1 2 5 , 0 0 0 X 08 09 15 0 1 - W A Lo w e r P r e s s u r e P l a n e P u m p S t a t i o n a n d T r a n s m i s s i o n L i n e 18 5 , 1 0 0 1 , 7 2 6 , 0 0 0 2 2 , 9 0 2 , 9 0 0 24 , 8 1 4 , 0 0 0 1, 8 5 3 , 0 8 1 A 58 , 0 1 9 22,902,900 11,451,450 11,451,450 09 10 04 0 7 - W A Pr o s p e r T r a i l E S T 51 7 , 3 0 0 4 , 4 0 3 , 3 0 0 4, 9 2 0 , 6 0 0 4, 4 0 3 , 3 0 0 A 51 7 , 3 0 0 10 1, 0 3 7 , 3 0 0 6 , 6 6 1 , 5 0 0 2 3 , 3 1 1 , 1 7 5 6 , 7 5 7 , 6 5 0 0 0 4 , 6 5 0 , 0 0 0 4 2 , 6 0 2 , 7 2 5 1 3 , 6 4 7 , 3 0 6 1 , 1 5 7 , 5 1 9 0 2 7 , 7 9 7 , 9 0 0 0 1 1 , 4 5 1 , 4 5 0 1 6 , 3 4 6 , 4 5 0 0 0 0 Fu n d i n g S o u r c e s To t a l O t h e r I s s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Wa s t e w a t e r P r o j e c t s 03 Index Su m m a r y o f C a p i t a l I m p r o v e m e n t P r o g r a m - 0 9 / 1 9 / 1 6 En t e r p r i s e F u n d P r o j e c t s S u b t o t a l Index Index Index Wa t e r P r o j e c t s Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 C o s t S o u r c e s Au t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2017-2018 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 01 Do e B r a n c h P a r a l l e l I n t e r c e p t o r ( 2 0 1 8 ) 5, 1 7 7 , 3 4 1 5, 1 7 7 , 3 4 1 5,177,341 5,177,341 01 02 Do e B r a n c h W W T P 1 . 5 M G D E x p a n s i o n ( 2 0 1 8 ) 20 , 2 5 9 , 1 5 9 20 , 2 5 9 , 1 5 9 20,259,159 20,259,159 02 03 Do e B r a n c h W W T P 1 . 5 M G D E x p a n s i o n ( 2 0 2 4 ) 24 , 1 9 0 , 4 9 5 24 , 1 9 0 , 4 9 5 24,190,495 24,190,495 03 04 Ga t e s o f P r o s p e r W a s t e w a t e r I m p r o v e m e n t s , P h a s e 1 5, 7 0 0 , 0 0 0 5, 7 0 0 , 0 0 0 5, 7 0 0 , 0 0 0 X 04 05 Ga t e s o f P r o s p e r W a s t e w a t e r I m p r o v e m e n t s , P h a s e 2 32 0 , 0 0 0 32 0 , 0 0 0 32 0 , 0 0 0 X 05 06 Ga t e s o f P r o s p e r W a s t e w a t e r I m p r o v e m e n t s , P h a s e 3 18 0 , 0 0 0 18 0 , 0 0 0 18 0 , 0 0 0 X 06 07 Ch u r c h / P a r v i n W a s t e w a t e r R e c o n s t r u c t i o n 1 0 0 , 0 0 0 10 0 , 0 0 0 10 0 , 0 0 0 E 07 08 16 0 8 - W W La C i m a # 2 I n t e r c e p t o r ( C o i t - F i r s t ) 46 5 , 0 0 0 46 5 , 0 0 0 46 5 , 0 0 0 A 08 09 Ma t t h e w S o u t h w e s t W a s t e w a t e r I m p r o v e m e n t s 2 , 5 0 0 , 0 0 0 2, 5 0 0 , 0 0 0 2, 5 0 0 , 0 0 0 X 09 10 16 0 7 - W W Pu b l i c W o r k s I n t e r c e p t o r 80 0 , 0 0 0 80 0 , 0 0 0 80 0 , 0 0 0 A 10 11 Pu b l i c W o r k s W W T P D e c o m m i s s i o n 90 0 , 0 0 0 90 0 , 0 0 0 900,000 9 0 0 , 0 0 0 11 5, 7 0 0 , 0 0 0 3 , 8 6 5 , 0 0 0 0 0 2 6 , 3 3 6 , 5 0 0 0 2 4 , 6 9 0 , 4 9 5 6 0 , 5 9 1 , 9 9 5 1 0 , 0 6 5 , 0 0 0 0 0 5 0 , 5 2 6 , 9 9 500026,336,500 0 2 4 , 1 9 0 , 4 9 5 Fu n d i n g S o u r c e s To t a l O t h e r I s s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 C o s t S o u r c e s A u t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2017-2018 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 0 2 0 2 0 - 2 0 2 5 01 16 1 7 - D R Am b e r w o o d F a r m s 32 , 0 0 0 32 , 0 0 0 32 , 0 0 0 01 02 16 1 4 - D R Co l e m a n S t r e e t C h a n n e l I m p r o v e m e n t s 17 , 5 0 0 2 8 2 , 5 0 0 30 0 , 0 0 0 17 , 5 0 0 F 282,500 282,500 02 03 15 1 6 - D R La k e s o f L a C i m a O u t f a l l 60 , 0 0 0 60 , 0 0 0 60 , 0 0 0 03 04 16 1 3 - D R Ol d T o w n D r a i n a g e - C h u r c h & P a r v i n D r a i n a g e I m p r . 50 0 , 0 0 0 50 0 , 0 0 0 40 , 0 0 0 F 19 0 , 0 0 0 270,000 04 0 Ol d T D i D t t i P d I t 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Dr a i n a g e P r o j e c t s x S u b t o t a l x Index Index 0 5 Ol d T ow n D ra i na g e - D e t en ti on P on d I mp r o v e m e n t s 1 ,00 0 ,00 0 1 ,00 0 ,00 0 1 ,000 ,000 1 ,000 ,000 0 5 06 Ol d T o w n D r a i n a g e - F i f t h S t r e e t T r u n k M a i n 40 0 , 0 0 0 40 0 , 0 0 0 400,000 4 0 0 , 0 0 0 06 07 Ol d T o w n D r a i n a g e - F i r s t & M a i n T r u n k M a i n 8 0 0 , 0 0 0 80 0 , 0 0 0 800,000 8 0 0 , 0 0 0 07 08 15 1 5 - D R Ol d T o w n D r a i n a g e - H a w k R i d g e C h a n n e l I m p r o v e m e n t s 16 5 , 0 0 0 16 5 , 0 0 0 16 5 , 0 0 0 F, X 08 09 16 1 6 - D R Ol d T o w n D r a i n a g e - M c K i n l e y & B r o a d w a y T r u n k M a i n 60 0 , 0 0 0 60 0 , 0 0 0 600,000 09 10 16 1 5 - D R Ol d T o w n R e g i o n a l D e t e n t i o n / R e t e n t i o n - L a n d A c q u i s i t i o n 36 5 , 0 0 0 3 8 5 , 0 0 0 75 0 , 0 0 0 750,000 385,000 10 11 Ol d T o w n R e g i o n a l R e t e n t i o n - B r o a d w a y ( D e s i g n & C o n s t r . ) 20 0 , 0 0 0 5 5 0 , 0 0 0 75 0 , 0 0 0 750,000 550,000 11 22 5 , 0 0 0 1 , 7 1 4 , 5 0 0 2 , 0 1 7 , 5 0 0 4 0 0 , 0 0 0 1 , 0 0 0 , 0 0 0 0 0 5 , 3 5 7 , 0 0 0 2 2 2 , 5 0 0 28 2 , 0 0 0 0 4 , 8 5 2 , 5 0 0 0 2 , 0 1 7 , 5 0 0 4 0 0 , 0 0 0 1 , 0 0 0 , 0 0 0 0 0 6, 9 6 2 , 3 0 0 1 2 , 2 4 1 , 0 0 0 2 5 , 3 2 8 , 6 7 5 7 , 1 5 7 , 6 5 0 2 7 , 3 3 6 , 5 0 0 0 2 9 , 3 4 0 , 4 9 5 1 0 8 , 5 5 1 , 7 2 0 2 3 , 9 3 4 , 8 0 6 1, 4 3 9 , 5 1 9 0 8 3 , 1 7 7 , 3 9 5 0 1 3 , 4 6 8 , 9 5 0 1 6 , 7 4 6 , 4 5 0 2 7 , 3 3 6 , 5 0 0 0 2 4 , 1 9 0 , 4 9 5 A I m p a c t F e e s B G r a n t a n d I n t e r l o c a l F u n d s C D e v e l o p e r A g r e e m e n t s D G e n e r a l F u n d E W a t e r / W a s t e w a t e r F u n d F S t o r m w a t e r D r a i n a g e F u n d G P a r k D e v e l o p m e n t F u n d HT I R Z # 1 JT I R Z # 2 G r a n d T o t a l E n t e r p r i s e F u n d s Su b t o t a l De s c r i p t i o n C o d e s - O t h e r S o u r c e s K E s c r o w s X N o n - C a s h C o n t r i b u t i o n s Z O t h e r S o u r c e s ( S e e D e t a i l ) Item 6 Re s o l u t i o n No . 16 - _ _ , Pa g e 6 Fu n d i n g S o u r c e s To t a l O t h e r I s s u e d D e b t U n i s s u e d D e b t U n i s s u e d D e b t R e i m b u r s e m e n t Pr i o r Y e a r s 2 0 1 5 - 2 0 1 6 2 0 1 6 - 2 0 1 7 2 0 1 7 - 2 0 1 8 2 0 1 8 - 2 0 1 9 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 5 C o s t S o u r c e s A u t h o r i z e d A u t h o r i z e d U n a u t h o r i z e d R e s o l u t i o n 2 0 1 6 - 2 0 1 7 2017-2018 2 0 1 8 - 2 0 1 9 2 0 1 8 - 2 0 1 9 2 0 1 9 - 2 0 2 5 13 , 1 5 6 , 0 0 0 1 5 , 6 8 4 , 2 5 4 6 0 , 6 5 3 , 7 2 5 3 , 1 4 1 , 0 0 0 1 , 5 0 0 , 0 0 0 6 6 0 , 0 0 0 1 4 0 , 6 7 8 , 0 0 0 2 3 5 , 4 7 2 , 9 7 9 7 5 , 4 1 1 , 0 0 0 1 1 , 8 0 0 , 8 2 0 1 1 , 9 9 6 , 2 5 0 1 4 0 , 2 3 9 , 9 0 9 1 , 6 1 5 , 0 0 0 1 2 , 7 9 2 , 4 9 6 6 , 0 6 8 , 0 0 0 7 , 5 0 0 , 0 0 0 3 , 9 7 5 , 0 0 0 1 0 4 , 8 5 3 , 0 0 0 6, 9 6 2 , 3 0 0 1 2 , 2 4 1 , 0 0 0 2 5 , 3 2 8 , 6 7 5 7 , 1 5 7 , 6 5 0 2 7 , 3 3 6 , 5 0 0 0 2 9 , 3 4 0 , 4 9 5 1 0 8 , 5 5 1 , 7 2 0 2 3 , 9 3 4 , 8 0 6 1 , 4 3 9 , 5 1 9 0 8 3 , 1 7 7 , 3 9 5 0 1 3 , 4 6 8 , 9 5 0 1 6 , 7 4 6 , 4 5 0 2 7 , 3 3 6 , 5 0 0 0 2 4 , 1 9 0 , 4 9 5 20 , 1 1 8 , 3 0 0 2 7 , 9 2 5 , 2 5 4 8 5 , 9 8 2 , 4 0 0 1 0 , 2 9 8 , 6 5 0 2 8 , 8 3 6 , 5 0 0 6 6 0 , 0 0 0 1 7 0 , 0 1 8 , 4 9 5 3 4 4 , 0 2 4 , 6 9 9 9 9 , 3 4 5 , 8 0 6 1 3 , 2 4 0 , 3 3 9 1 1 , 9 9 6 , 2 5 0 2 2 3 , 4 1 7 , 3 0 4 1 , 6 1 5 , 0 0 0 2 6 , 2 6 1 , 4 4 6 2 2 , 8 1 4 , 4 5 0 3 4 , 8 3 6 , 5 0 0 3 , 9 7 5 , 0 0 0 1 2 9 , 0 4 3 , 4 9 5 Index G r a n d T o t a l C a p i t a l I m p r o v e m e n t P r o g r a m G e n e r a l F u n d E n t e r p r i s e F u n d s Ca p i t a l I m p r o v e m e n t P r o g r a m S u m m a r y 04 Su m m a r y o f C a p i t a l I m p r o v e m e n t P r o g r a m - 0 9 / 1 9 / 1 6 Ca p i t a l I m p r o v e m e n t P r o g r a m S u m m a r y Item 6 Re s o l u t i o n No . 16 - _ _ , Pa g e 7