2022.01.25 TIRZ 1 MinutesPISER
OWN OF
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Prosper is a place where everyone matters.
Minutes
Town of Prosper TIRZ No. 1
Board of Directors Meeting
Council Chambers
Prosper Town Hall
250 W. First Street, Prosper, Texas
Tuesday, January 25, 2022
MEETING OF THE TOWN OF PROSPER TAX ,INCREMENT REINVESTMENT ZONE [TIRZ]
NO. 1 BOARD OF DIRECTORS
Call to Order/ Roll Call.
The meeting was called to order at 5:46 p.m.
Board Members Present:
Mayor Ray Smith
Mayor Pro-Tem Meigs Miller
Councilmember Jeff Hodges
Councilmember Marcus E. Ray
Councilmember Amy Bartley
Councilmember Charles Cotten
David Bristol, Prosper Economic Development Corporation
Commissioner Susan Fletcher, Collin County Commissioners Court
Board Members Absent:
Deputy Mayor Pro-Tem Craig Andres
Staff Members Present:
Harlan Jefferson, Town Manager
Terry Welch, Town Attorney
Michelle Lewis Sirianni, Town Secretary
Robyn Battle, Executive Director of Community Services
Betty Pamplin, Finance Director
Rebecca Zook, Executive Director of Development & Infrastructure Services
Hulon Webb, Engineering Services Director
Khara Dodds, Development Services Director
Alex Glushko, Planning Manager
Leigh Johnson, IT Director
Dan Baker, Director of Parks and Recreation
Paul Naughton, Senior Park Planner
Doug Kowalski, Police Chief
Stuart Blasingame, Fire Chief
1. Consider and act upon the minutes from the January 26, 2021, TIRZ No. 1
Board meeting. (MLS)
Mr. Bristol made a motion to approve the minutes of the January 26, 2021, TIRZ No.
1 Board meeting. Mayor Pro-Tem Miller seconded that motion and the motion was
unanimously approved.
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2. Receive the 2021 Annual Report. (BP)
Mr. Webb presented a recap of development within the boundary of TIRZ No. 1
including an overview of what's been completed, under construction, and
undeveloped. Mr. Webb highlighted businesses that have received their Certificate of
Occupancy (CO) within the reporting period from October 1, 2020 to September 30,
2021, as well as businesses that received their CO after the reporting period and
permitted but have not yet received a CO. The Town received reimbursement request
No. 7 in the amount of $4,779,612.32 and interest in the amount of $523,288.16 with
the total billed to date being $27,914,984.93.
Ms. Pamplin provided an overview of the total revenues and expenditure received
during the reporting period through property tax, sales tax, impact fees, and interest.
After expenses, the ending balance on September 30, 2021, for TIRZ No. 1 was
$1,409,910. Ms. Pamplin also reviewed the rollback tax revenue for each taxing entity
in the TIRZ, and the appraised value.
Adiourn.
The meeting was adjourned at 6:01 p.m.
These minutes approved on the 12t" day of April 2022.
ATTEST:
W yy l Lo 5 ( U 0(-K-XA
Michelle Lewis Sirianni, Town Secretary
APPROVED:
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Ray mit , Mayor
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