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20130910tcmTown of Prosper Town Council Meeting September 10, 2013 “a place where everyone matters” Town of Prosper Agenda Item 1. Call to Order/Roll Call. “a place where everyone matters” Town of Prosper Agenda Item 2. Invocation, Pledge of Allegiance and Pledge to the Texas Flag. “a place where everyone matters” Town of Prosper Salute to the Texas Flag Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible. “a place where everyone matters” Town of Prosper Agenda Item 3. Announcements of upcoming events. “a place where everyone matters” Town of Prosper Agenda Item 4. Consent Agenda Items placed on the Consent Agenda are considered routine in nature and non-controversial.The Consent Agenda can be acted upon in one motion.Items may be removed from the Consent Agenda by the request of Council Members or staff. “a place where everyone matters” Town of Prosper Agenda Items 4a-4d. 4a.Consider and act upon minutes from the following Town Council meetings.(RB) • Regular Meeting –August 27, 2013 • Special Called Meeting –August 29, 2013 4b.Consider and act upon Ordinance No. 13-47, rezoning 0.5±acre, located on the north side of First Street, 200±feet west of Craig Road (705 E. First Street) from Single Family-15 (SF-15) to Downtown Office (DTO). (Z13-0012). (CC) 4c.Consider and act upon adopting the FY 2013-2014 Prosper Economic Development Corporation budget. (RW) 4d.Receive the monthly Financial Reports for June 2013.(HJ) “a place where everyone matters” Town of Prosper Agenda Item 5. Citizen’s Comments The public is invited to address the Council on anytopic.However,the Council is unable to discuss ortakeactiononanytopicnotlistedonthisagenda.Please complete a “Speaker Request Form”andpresentittotheTownSecretarypriortothemeeting. “a place where everyone matters” Town of Prosper Regular Agenda If you wish to address the Council during theregularagendaportionofthemeeting,please fillouta“Speaker Request Form”and present it totheTownSecretarypriortothemeeting.CitizenswishingtoaddresstheCouncilforitemslistedaspublichearingswillberecognizedbytheMayor.Those wishing to speak on a non-public hearingrelateditemwillberecognizedonacase-by-casebasis,at the discretion of the Mayor and TownCouncil. “a place where everyone matters” Town of Prosper Agenda Item 6. Public Hearing Conduct a Public Hearing,and consider and act upon a request to rezone 5.0±acres,located on the west side of Preston Road,400±feet north of Broadway Street,from Commercial (C)to Planned Development-Retail (PD-R).(Z13-0013).(CC) “a place where everyone matters” Revised Town of Prosper Agenda Item 7. Public Hearing Conduct a Public Hearing,and consider and act upon a request to rezone 135.0±acres,located on the west side of Preston Road,1,200±feet south of Frontier Parkway,from Agricultural (A)to 127.0± acres of Single Family-12.5 (SF-12.5)and 8.0± acres of Office (O).(Z13-0014).(CC) “a place where everyone matters” Town of Prosper Agenda Item 8. Public Hearing Conduct a Public Hearing to consider and discuss the FY 2013-2014 Budget,as proposed.(HJ) “a place where everyone matters” Town of Prosper Agenda Item 9. Public Hearing Conduct a Public Hearing to consider and discuss a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 12.29 percent.(HJ) “a place where everyone matters” Town of Prosper Agenda Item 10. Public Hearing Conduct a Public Hearing,and consider and act upon Ordinance No.13-48,amending Chapter 2,Section 25 (Specific Use Permits);Chapter 3,Section 1 (Use of Land and Buildings)and Section 2 (Definitions);and Chapter 4,Section 4 (Parking Requirements),of the Town’s Zoning Ordinance relating to,among other things,certain definitions,uses and regulations pertaining to alcoholic beverages.(Z13-0010).(CC) “a place where everyone matters” Town of Prosper Agenda Item 11. Consider and act upon approving an office lease for municipal offices between MSW Prosper 380,LP,and the Town of Prosper;and authorizing the Town Manager to execute same on behalf of the Town .(HJ) “a place where everyone matters” The office building will serve as a catalyst to: •Quickly increase tax values for the Town, school district, county, and community college •Create momentum for development •Serve to attract users and create jobs in Prosper •Provide a unique and distinct building to set a standard for future development The 80,000 to 100,000-square-foot office building will be located on the northwest corner of the HWY 380 and Dallas North Tollway intersection The major terms of the lease are as follows: •Class A office building •The Town will lease up to 18,000 square feet •The lease commences 3 months after the Town issues a CO for the building •The lease is for a term of 7 years, with an option to terminate after 5 years The major terms of the lease (Cont’d) •The Town will have the option of 2 3-year extensions of the lease •There is a 6-month “Feasibility Period” •The lease will terminate if a CO is not issued by September 30, 2015 •Rent is $12.50 per square foot for the first 3 years, then escalates $.50 per square foot each of the next 4 years, up to $14.50 per square foot in year 7 Estimated recurring annual lease cost for 18,000 sq. ft. office space is $225,000, plus $49,500 for maintenance of common areas for a total of $274,500 Town of Prosper Agenda Item 12. Executive Session Recess into Closed Session in compliance with Section 551.001 et.seq.TexasGovernmentCode,as authorized by the Texas Open Meetings Act,to deliberateregarding: 12a.Section 551.087.To discuss and consider economic developmentincentives. 12b.Section 551.072.To discuss and consider purchase,exchange,lease orvalueofrealpropertyformunicipalpurposesandallmattersincidentandrelatedthereto. 12c.Section 551.074.To discuss appointments to the Planning &ZoningCommission,Parks &Recreation Board,Prosper Economic DevelopmentCorporationBoard,Board of Adjustment,and Construction Board ofAppeals. 12d.Section 551.071.Consultation with the Town Attorney regarding legalissuesassociatedwithproposedamendmentstotheTown’s zoningordinancerelativetoTexasAlcoholicBeverageCoderegulations,and allmattersincidentandrelatedthereto. “a place where everyone matters” Town of Prosper Agenda Item 13. Reconvene in Regular Session and take any action necessary as a result of the Closed Session. “a place where everyone matters” Town of Prosper Agenda Item 14. Possibly direct Town staff to schedule topic(s)for discussion at a future meeting. “a place where everyone matters” Town of Prosper Agenda Item 15. Adjourn “a place where everyone matters”