2020.01.28 TIRZ 2 MinutesISPER
OWN OF
Prosper is a place where everyone matters.
Minutes
Town of Prosper TIRZ No. 2
Board of Directors Meeting
Council Chambers
Prosper Town Hall
250 W. First Street, Prosper, Texas
Tuesday, January 28, 2020
MEETING OF THE TOWN OF PROSPER TAX INCREMENT REINVESTMENT ZONE,TIRZ)
NO. 2 BOARD OF DIRECTORS
Call to Order/ Roll Call.
The meeting was called to order at 5:58 p.m.
Board Members Present:
Mayor Ray Smith
Mayor Pro-Tem Curry Vogelsang, Jr.
Councilmember Marcus E. Ray
Councilmember Craig Andres
Councilmember Meigs Miller
Councilmember Jeff Hodges
Commissioner Susan Fletcher, Collin County Commissioners Court
David Bristol, Prosper Economic Development Corporation
Council Members Absent:
Deputy Mayor Pro-Tem Jason Dixon
Staff Members Present:
Harlan Jefferson, Town Manager
Terry Welch, Town Attorney
Robyn Battle, Town Secretary/Public Information Officer
Chuck Springer, Executive Director of Administrative Services
Betty Pamplin, Finance Director
January Cook, Purchasing Manager
Hulon Webb, Engineering Services Director
Pete Anaya, Assistant Director of Engineering Services — Capital Projects
John Webb, Development Services Director
Alex Glushko, Planning Manager
Doug Kowalski, Police Chief
Scott Brewer, Assistant Police Chief
Stuart Blasingame, Fire Chief
Consider and act upon the minutes from the January 22, 2019, TIRZ No. 2 Board
Meeting. (RB)
Councilmember Hodges made a motion and Commissioner Fletcher seconded the
motion to approve the minutes from the January 22, 2019, TIRZ No. 2 Board Meeting.
The motion was approved by a vote of 8-0.
2. Receive the 2019 Annual Report. (BP)
Hulon Webb, Director of Engineering, presented this item before the Board. Mr. Webb
reported that there was no construction activity during the reporting period, but
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mentioned the upcoming Children's Hospital and the overpass at the Dallas North
Tollway and U.S. Highway 380. Reimbursement number 5 for FY 2018-2019 in the
amount of $74,163 was for interest only. Approximately $2.3 million has been billed
to date. Finance Director Betty Pamplin continued the presentation. TIRZ No. 2
received approximately $19,000 in revenue during the reporting period through
property tax, sales tax, and interest. After expenses, the ending balance on
September 30, 2019, for TIRZ No. 2 was approximately $25,000. Responding to a
question from the Board, Town Manager Harlan Jefferson stated that the terms of the
TIRZ agreement require the Town to calculate and pay interest on the outstanding
balance of the TIRZ. Ms. Pamplin confirmed that the Children's Hospital property will
not be subject to rollback tax in the next reporting year.
Mayor Pro-Tem Vogelsang made a motion and Commissioner Fletcher seconded the
motion to approve the 2019 Annual Report as presented. The motion was approved
by a vote of 8-0.
Responding to a question from the Board, Town Manager Harlan Jefferson stated that
the Town sent a notice of default letter on January 15, 2020. The developer has 90
days to cure any deficiencies. At that time, the Town may take steps to terminate the
development agreement; however, the TIRZ No. 2 would remain in place for future
projects.
Adjourn.
The meeting was adjourned at 6:08 p.m. on Tuesday, January 28, 2020.
These minutes approved on the 26th day of January 2021.
ATTE"wnSecretary
Meliss
APPROVED:
1
Ray Smith, M or
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