20150922tcppTown of Prosper“a place where everyone matters”pyTown Council MeetingTown Council MeetingSeptember 22, 2015p,
Town of Prosper“a place where everyone matters”Agenda Item 1.pyCall to Order/Roll Call.
Town of Prosper“a place where everyone matters”Agenda Item 2.pyInvocation, Pledge of Allegiance, and Pl d h T FlPledge to the Texas Flag.
Town of Prosper“a place where everyone matters”Salute to the Texas FlagpyHonor the Texas flag; I pledge allegiance to thee, dGdTexas, one state under God, one and indivisibleone and indivisible.
Town of Prosper“a place where everyone matters”Agenda Item 3.pyAnnouncements of recent and upcoming events.
Town of Prosper“a place where everyone matters”Agenda Item 4.pyPresentationsPresentation of a Proclamation to members of Presentation of a Proclamation to members of the Prosper Police Department and Prosper Fire Department declaring October 6, 2015 as Fire Department declaring October 6, 2015 as National Night Out. (DK/RT)
Town of Prosper“a place where everyone matters”Agenda Item 4.pyPresentationsPresentation of a Proclamation to members of Presentation of a Proclamation to members of the Clothe a Child Program declaring October 2015 as Clothe a Child Month. (RB)October 2015 as Clothe a Child Month. (RB)
Town of Prosper“a place where everyone matters”Agenda Item 4.pyPresentationsPresentation of a Certificate of Recognition to Presentation of a Certificate of Recognition to Assistant Fire Chief Stuart Blasingame. (RB)
Town of Prosper“a place where everyone matters”Agenda Items 5a-5bpy5a.Consider and act upon minutes from thefollowingTown Council meetings.(RB)gg()• Regular Meeting – September 8, 20155b.Receive the August 2015 Financial Report(CD)()
Town of Prosper“a place where everyone matters”Agenda Item 5cpy5c.Consider and act upon a resolutiondesignatingThe Prosper Pressas the officialnewspaper of the Town of Prosper forFiscal Year 2015-2016.(RB)
Town of Prosper“a place where everyone matters”Agenda Item 5dpy5d.Consider and act upon an ordinance amending the Town’sZoning Ordinance, Ordinance No. 05-20, as amended, byamendingSubsection 4.2,ofSection 4,ofChapter 2;g,,p;Subsection 5.2, of Section 5, of Chapter 2; Subsection 6.2, ofSection 6, of Chapter 2; Subsection 7.2, of Section 7, ofChapter 2; Subsection 8.2, of Section 8, of Chapter 2;Subsection 9.2, ofSection 9, ofChapter 2; Subsection2.6(a)(1), of Subsection 2.6, of Section 2, of Chapter 4;Section 7, of Chapter 4, by adding thereto a new subsection,77“C tDiSt d d ”Sb ti98fSti7.7,“CarportDesignStandards”;Subsection9.8,ofSection9, of Chapter 4; Section 9, of Chapter 4, by adding theretonew subsections, 9.19, “Alternating single family planelevations”and920“Residentialgaragestandards”(Z15elevationsand9.20,Residentialgaragestandards.(Z15-0005)(JW)
Town of Prosper“a place where everyone matters”Agenda Item 5epy5e.Consider and act upon an ordinanceamendingArticle 3.19, “FencegRegulations” of Chapter 3, “BuildingRegulations,” of the Town’s Code ofOdibdidtblihiOrdinances,byamending andestablishingstandards for wooden fences adjacent toandvisiblefromstreetsandrequirementsandvisiblefromstreetsandrequirementsfor open fencing. (MD15-0003)(JW)
Town of Prosper“a place where everyone matters”Agenda Item 6. pygCitizen’s CommentsThe public is invited to address the Councilon any topic. However, the Council is unabletditktitittodiscuss ortakeaction on anytopicnotlisted on this agenda. Please complete a“PublicMeetingAppearanceCard”andPublicMeetingAppearanceCardandpresent it to the Town Secretary prior to themeeting.
Town of Prosper“a place where everyone matters”Agenda Item 7.pygConduct a Public Hearing, and consider and actuponarequesttorezone157±acresfromuponarequesttorezone15.7±acres,fromCommercial (C) and Planned Development-25 (PD-25)toPlannedDevelopment-Retail(PD-R),located25)toPlannedDevelopmentRetail(PDR),locatedon north side of US 380, 580± feet west of CusterRoad. (Z15-0011).(JW)
Shops at Prosper Trail – Kroger
Windsong Ranch Marketplace – Kroger
Prosper Plaza – Lowe’s
Town of Prosper“a place where everyone matters”Agenda Item 8.pyDiscussion on Town Hall/Multi-PurposeFacility(HW)Facility.(HW)
Town of Prosper“a place where everyone matters”Agenda Item 9.pygConsider and act upon an ordinancediAdiA“FShdl ”tamendingAppendixA,“FeeSchedule,”tothe Town’s Code of Ordinances by repealingitiAdiA“FShdl ”dexistingAppendixA,“FeeSchedule,”andadopting a new Appendix A, “FeeShdl”(RB)Schedule.”(RB)
Town of Prosper“a place where everyone matters”Appendix A - Fee ScheduleSec. I Construction Permits and FeesSec IIMechanical/Plumbing Permit FeespySec. IIMechanical/Plumbing Permit FeesSec. III Electrical Permit FeesSec. IV Sign Permit FeesSec. V Development FeesSec. VI Peddler’s/Solicitor’s FeesSec. VII Reconstruction of StreetsSec. VIII MiscellaneousSec IXWater and Sewer RatesSec. IXWater and Sewer RatesSec. X Impact FeesSec. XI Rates for Collection of Solid Waste and RecyclablesSec. XII Municipal Drainage Utility System FeespgyySec. XIII Parks and Recreation User FeesSec. XIV Public Works Fee ScheduleSec. XV Sexually Oriented BusinesseslSec. XVI Alarm SystemsSec. XVII Water Conservation and Enforcement FeesSec. XVIII Backflow Prevention and Enforcement Fees
Town of Prosper“a place where everyone matters”Appendix A - Fee ScheduleSec. I Construction Permits and FeesSec IIMechanical/Plumbing Permit FeespySec. IIMechanical/Plumbing Permit FeesSec. III Electrical Permit FeesSec. IV Sign Permit FeesSec. V Development FeesSec. VI Peddler’s/Solicitor’s FeesSec. VII Reconstruction of StreetsSec. VIII MiscellaneousSec IXWater and Sewer RatesSec. IXWater and Sewer RatesSec. X Impact FeesSec. XI Rates for Collection of Solid Waste and RecyclablesSec. XII Municipal Drainage Utility System FeespgyySec. XIII Parks and Recreation User FeesSec. XIV Public Works Fee ScheduleSec. XV Sexually Oriented BusinesseslSec. XVI Alarm SystemsSec. XVII Water Conservation and Enforcement FeesSec. XVIII Backflow Prevention and Enforcement Fees
Town of Prosper“a place where everyone matters”Sec. V Construction Permits and FeespyFee Type Current Fee Proposed FeeContractorRegistration$100 $100RegistrationSwimming Pools:In Ground$300 $300Swimming Pools:Above Ground$100 $100Spas $100 $100Current fees have been in place since 2006, and appear inChapter 3 of the Code, butwere never codified intoAppendix A, the Fee Schedule.
Town of Prosper“a place where everyone matters”Sec. V Development Fees - ZoningpyFee Type Current Fee Proposed FeeZoning Change-Standard$500 + $10/acre $550 + $10/acre (or portion thereof)Standardportion thereof)Zoning Change-PD $500 + $30/acre $750 + $30/acre (or portion thereof)• Current fees were adopted in 2005• Proposed fees are consistent with p)SUP $300 + 10/acre $350 + $10/acre (or portion thereof) Proposed fees are consistent with comparison towns/citiesZBA Action(Changed to “Variance through $200 $250Variance through BOA or CBOA
Town of Prosper“a place where everyone matters”Sec. V Development Fees – Site Plans d Pl tpyand PlatsFee Type Current Fee Proposed FeePreliminary SitePlanN/A $350 + 5/acre (or portion thereof)Site Plan$300+ $5/acre$400 + $5/acre(or Site Plan$300+ $5/acre$400 + $5/acre(or portion thereof)Preliminary Plat $300 + $10/lot $400 + $10/lotyFinal Plat $400 + $10/lot $500 + $10/lotAmended Plat $250 + $10/lot $300 + $10/lotMinor Plat $200 $250
Town of Prosper“a place where everyone matters”Sec. V Development FeespyFee Type Current Fee Proposed FeeProperty Owner N/A Postage fee to beNotifications included in application fee for 25 or more 25 or more notificationsPlat Filing $300 $100ComprehensivePlan Amendment$200 $250
Town of Prosper“a place where everyone matters”Sec. V Development Fees• Current fees have been in place since 20022003py• Current fees have been in place since 2002-2003• Proposed fees are consistent with comparison towns/citiestowns/cities• Proposed fees will help recover cost of processing applicationspgpp• Other edits include removal of obsolete fees, updated language, and removal of redundant fees that appear in other sections of the Fee ScheduleE i d l i i $9 700•Estimated annual increase in revenue: $9,700
Town of Prosper“a place where everyone matters”Sec. VIII MiscellaneouspyFee TypeCurrent FeeProposed FeeFee TypeCurrent FeeProposed FeeLibrary – Late fee on books, per day$0.10 $0.10pyLibrary – Late fee on DVDs, per day$1.00 $1.00Replacement Processing Fee for Lost ItemsN/A $5.00 per itemInter-LibraryLoan N/A$3 17Inter-LibraryLoan Shipping Fee (set by Texas State Library)N/A$3.17Notary Fee $5 first signature, $1 each add’l$5 first signature, $1 each add’l
Town of Prosper“a place where everyone matters”Sec. VIII Miscellaneouspy• Current Library fees have never been codified• Proposed Library fees are consistent with comparison consistent with comparison towns/cities• Estimated 10 items per month are • Estimated 10 items per month are lost• $1,200 has been collected in totalfines and fees in 2015
Town of Prosper“a place where everyone matters”Sec. VIII Miscellaneouspy• Notary fees have never been codified; fees are set by Secretary of State• Notary fees are not charged for Town Notary fees are not charged for Town business• Utility Billing staff has notarized 65 • Utility Billing staff has notarized 65 items for the public to date in 2015• Estimated annual revenue for notary fees: $450
Town of Prosper“a place where everyone matters”Sec. IX Water and Sewer RatespyFee TypeCurrent FeeProposed FeeFee TypeCurrent FeeProposed FeeTurn offs/Reconnects $50 during office hours$75 ft ffi h$50 during office hours$75 ft ffi h$75 after office hours$75 after office hoursIrrigation Service Initiation$75 Commercial$65 Residential$75 Commercial$65 Residential• Turn offs/Reconnect fees were updated in 2011, b difi d (C d h $30/$60)but never codified (Code shows $30/$60)• Irrigation Service Connection fees were updated in 2012 but never codified (Code updated in 2012, but never codified (Code shows $75 for Commercial and Residential)
Town of Prosper“a place where everyone matters”Sec. IX Water and Sewer Ratespy• Other edits include removal of obsolete fees, updated language, and obsolete fees, updated language, and removal of redundant fees that appear in other sections of the Fee appear in other sections of the Fee Scheduleid li i• Estimated annual increase in revenue: None, other than new customers
Town of Prosper“a place where everyone matters”Sec. XI Rates for Collection of Solid Waste and RecyclablespyWaste and Recyclables• Bulk pickup schedule will be updated (east/west schedule)• Minor edits to language for HHW vouchers• Other edits include removal of redundant fees and language that i h i f h F appear in other sections of the Fee Schedule F hi f h i 2017 h • Franchise fee may change in 2017 when current IESI franchise agreement expires
Town of Prosper“a place where everyone matters”Sec. XIII Parks & Recreation User Fees Frontier Park Pavilion RentalpyFrontier Park Pavilion RentalCurrent Fee ProposedResident FeeProposed Non-Resident FeeResident FeeNon-Resident Fee$35, 1-4 hours,Prosper Residents, $35; 1-50 participants$500; 1-50 participantsunlimited participants$75 14 hours non$50;51100 $500; 51100 $75 ,1-4 hours, non-residents, unlimited participants$50;51-100 participants$500; 51-100 participants$75; 100+ participants$500; 100+ participants
Town of Prosper“a place where everyone matters”Sec. XIII Parks & Recreation User Fees pyUser Fees Frontier Park Pavilion Rental F i ill h l t ff t • Fee increase will help cover staff costs for maintenance between rentals St ff d t th 4h • Staff can accommodate three, 4-hour rentals per day $100 f d bl d i ll • $100 refundable deposit on all reservations 14 d ll i li • 14 day cancellation policy
Town of Prosper“a place where everyone matters”Sec. XIII Parks & Recreation User FeespyUser FeesFrontier Park Pavilion Rentaldf i ih• Proposed fees are consistent with comparison towns/cities; although Council may consider prohibiting rental of pavilion to may consider prohibiting rental of pavilion to non-residents altogether. Some towns & cities do not rent to non-residents. • Estimated annual revenue increase: at least 10% or $500 per year depending on non-10%, or $500 per year, depending on nonresident rental of facility.
Town of Prosper“a place where everyone matters”Agenda Item 10.pygConsider and act upon an ordinancedtithFi lY20152016AladoptingtheFiscalYear2015-2016AnnualBudget for the fiscal year beginning October12015ddiSt b302016(HJ)1,2015,andendingSeptember30,2016.(HJ)
Town of Prosper“a place where everyone matters”Agenda Item 11.pygConsider and act upon an ordinancedtithTfP2015PtadoptingtheTown ofProsper2015PropertyTax Rate.(HJ)
Town of Prosper“a place where everyone matters”Agenda Item 12.pygConsider and act upon an ordinancetblihiHtdTEtiestablishingaHomesteadTaxExemption.(CD)
Homestead Exemption AnalysisBased on Assessed ValuesAssessed Calculated Minimum RevenueValue Homestead % Homestead Homestead Decrease$1,108,193,142 1% $11,081,931 $14,569,119 $75,759$1,108,193,142 2% $22,163,863 $22,811,347 $118,619$1,108,193,142 3% $33,245,794 $33,560,030 $174,512$1,108,193,142 4% $44,327,726 $44,512,734 $231,466$1,108,193,142 5% $55,409,657 $55,530,609 $288,759$1,108,193,142 7.5% $83,114,486 $83,169,820 $432,483$1,108,193,142 10% $110,819,314 $110,853,149 $576,436$1,108,193,142 20% $221,638,628 $221,650,270 $1,152,581
Town of ProsperSummary of Anticipated Tax‐Backed Debt Issuances (as of 9.4.2015)Projects 2014/15 2015/16 2016/17 2017/18 2018/19Funding for Fiscal YearsStreets 5,752,000$ 571,184$ 801,996$ 425,000$ ‐$ Traffic 585,000 ‐ ‐ ‐ ‐ Parks‐ 8,686,225 ‐ 643,000 ‐ Facilities: Fire Stations 5,063,000 ‐ ‐ ‐ ‐ PbliSft Public Safety Comm. System 1,100,000 ‐ ‐ ‐ ‐ Recreation Center‐ ‐ ‐ ‐ 1,500,000 Town Hall‐ 1,450,000 10,550,000 5,000,000 6,000,000 12,500,000$ 10,707,409$ 11,351,996$ 6,068,000$ 7,500,000$
Town of ProsperProjected Debt Service Tied to Five Year Capital Plan; Lower Taxable Assessed Valuation Growth (as of 9.4.2015)Series Series Series SeriesTaxable Outstanding2016 2017 2018 2019Assessed Tax‐Backed$10.71mm $11.35mm $6.07mm $7.50mmI&S TaxFYEValuation(1)DebtService(2)Proceeds(3)Proceeds(3)Proceeds(3)Proceeds(3)Rate(4)FYEValuation Debt Service Proceeds Proceeds Proceeds Proceeds Rate 2016 2,129,311,118$ 3,384,038$ 0.1589$ 2017 2,429,311,118 3,471,116 736,507$ 0.1637 2018 2,729,311,118 3,209,616 519,888 917,938$ 0.1637 2019 2,929,311,118 3,096,518 549,175 911,250 394,428$ 0.1635 20203 129 311 1183 229 225547 750699 250329 500464 139$0 163520203,129,311,118 3,229,225 547,750 699,250 329,500 464,139$ 0.1635 2021 3,160,604,229 3,378,759 546,325 677,625 333,375 385,000 0.1635 2022 3,192,210,271 3,419,265 544,900 681,125 337,000 385,000 0.1634 2023 3,224,132,374 3,444,703 543,475 703,625 340,375 385,000 0.1634 2024 3,256,373,698 3,437,511 542,050 753,875 348,375 385,000 0.1633 2025 3,288,937,435 3,137,683 540,625 1,020,500 380,250 385,000 0.1617 ,,,,,,,,,,2026 3,321,826,809 2,998,001 1,251,863 556,250 322,625 385,000 0.1616 2027 3,355,045,077 2,514,681 1,254,813 957,875 394,500 385,000 0.1599 2028 3,388,595,528 2,501,225 1,250,981 992,625 413,875 385,000 0.1594 2029 3,422,481,483 2,508,063 1,255,250 1,073,125 383,250 385,000 0.1597 2030 3,456,706,298 1,579,575 1,252,500 1,333,375 446,500 979,750 0.1578 2031 3,491,273,361 1,571,194 1,252,731 998,500 828,000 978,500 0.1574 2032 3,526,186,095 1,575,669 1,250,825 1,053,750 823,875 975,750 0.1573 2033 3,561,447,956 1,292,400 1,251,663 1,333,625 823,375 976,375 0.1557 2034 3,597,062,435 1,001,700 1,255,006 1,334,000 826,250 980,125 0.1466 2035 3,633,033,060 928,200 1,250,856 1,336,500 827,375 977,000 0.1432 20363 669 363 3901 254 0941 336 000826 750977 0000 117120363,669,363,390 1,254,094 1,336,000 826,750 977,000 0.1171 2037 3,706,057,024 1,332,500 824,375 979,875 0.0828 2038 3,743,117,594 825,125 980,500 0.0472 2039 3,780,548,770 978,875 0.0254 54,862,077$ 18,851,276$ 20,003,313$ 11,029,178$ 13,712,889$
Town of ProsperScenario 3 ‐ Homestead Exemption of 5%; Projected Initial Lost Value of $55,530,609Series Series Series SeriesTaxable Outstanding2016 2017 2018 2019Assessed Tax‐Backed$10.71mm $11.35mm $6.07mm $7.50mmI&S TaxFYEValuation (1)Debt Service (2)Proceeds (3)Proceeds (3)Proceeds (3)Proceeds (3)Rate (4)2016 2,129,311,118$ 3,384,038$ 0.1589$ 2017 2,373,780,509 3,471,116 736,507$ 0.1673 2018 2,673,780,509 3,209,616 519,888 917,938$ 0.1669 2019 2,873,780,509 3,096,518 549,175 911,250 394,428$ 0.1665 2020 3,073,780,509 3,229,225 547,750 699,250 329,500 464,139$ 0.1663 2021 3,104,518,314 3,378,759 546,325 677,625 333,375 385,000 0.1663 2022 3,135,563,497 3,419,265 544,900 681,125 337,000 385,000 0.1662 2023 3,166,919,132 3,444,703 543,475 703,625 340,375 385,000 0.1662 2024 3,198,588,324 3,437,511 542,050 753,875 348,375 385,000 0.1661 2025 3,230,574,207 3,137,683 540,625 1,020,500 380,250 385,000 0.1645 2026326287994929980011251863556 250322 625385 0000164420263,262,879,949 2,998,001 1,251,863 556,250 322,625 385,000 0.1644 2027 3,295,508,748 2,514,681 1,254,813 957,875 394,500 385,000 0.1626 2028 3,328,463,836 2,501,225 1,250,981 992,625 413,875 385,000 0.1622 2029 3,361,748,474 2,508,063 1,255,250 1,073,125 383,250 385,000 0.1624 2030 3,395,365,959 1,579,575 1,252,500 1,333,375 446,500 979,750 0.1605 2031 3,429,319,618 1,571,194 1,252,731 998,500 828,000 978,500 0.1601 ,,,,,,,,,,2032 3,463,612,815 1,575,669 1,250,825 1,053,750 823,875 975,750 0.1600 2033 3,498,248,943 1,292,400 1,251,663 1,333,625 823,375 976,375 0.1584 2034 3,533,231,432 1,001,700 1,255,006 1,334,000 826,250 980,125 0.1492 2035 3,568,563,747 928,200 1,250,856 1,336,500 827,375 977,000 0.1456 2036 3,604,249,384 1,254,094 1,336,000 826,750 977,000 0.1191 2037 3,640,291,878 1,332,500 824,375 979,875 0.0843 2038 3,676,694,797 825,125 980,500 0.0480 2039 3,713,461,745 978,875 0.0258 54,862,077$ 18,851,276$ 20,003,313$ 11,029,178$ 13,712,889$
Town of ProsperScenario 2 ‐ Homestead Exemption of 7.5%; Projected Initial Lost Value of $83,169,820Series Series Series SeriesTaxable Outstanding2016 2017 2018 2019Assessed Tax‐Backed$10.71mm $11.35mm $6.07mm $7.50mmI&S TaxFYEValuation (1)Debt Service (2)Proceeds (3)Proceeds (3)Proceeds (3)Proceeds (3)Rate (4)2016 2,129,311,118$ 3,384,038$ 0.1589$ 2017 2,346,141,298 3,471,116 736,507$ 0.1691 2018 2,646,141,298 3,209,616 519,888 917,938$ 0.1686 2019 2,846,141,298 3,096,518 549,175 911,250 394,428$ 0.1680 2020 3,046,141,298 3,229,225 547,750 699,250 329,500 464,139$ 0.1677 2021 3,076,602,711 3,378,759 546,325 677,625 333,375 385,000 0.1678 2022 3,107,368,738 3,419,265 544,900 681,125 337,000 385,000 0.1676 2023 3,138,442,425 3,444,703 543,475 703,625 340,375 385,000 0.1676 2024 3,169,826,850 3,437,511 542,050 753,875 348,375 385,000 0.1675 2025 3,201,525,118 3,137,683 540,625 1,020,500 380,250 385,000 0.1659 20263 233 540 3692 998 0011 251 863556 250322 625385 0000 165820263,233,540,369 2,998,001 1,251,863 556,250 322,625 385,000 0.1658 2027 3,265,875,773 2,514,681 1,254,813 957,875 394,500 385,000 0.1640 2028 3,298,534,531 2,501,225 1,250,981 992,625 413,875 385,000 0.1636 2029 3,331,519,876 2,508,063 1,255,250 1,073,125 383,250 385,000 0.1638 2030 3,364,835,075 1,579,575 1,252,500 1,333,375 446,500 979,750 0.1619 2031 3,398,483,426 1,571,194 1,252,731 998,500 828,000 978,500 0.1614 ,,,,,,,,,,2032 3,432,468,260 1,575,669 1,250,825 1,053,750 823,875 975,750 0.1614 2033 3,466,792,943 1,292,400 1,251,663 1,333,625 823,375 976,375 0.1598 2034 3,501,460,872 1,001,700 1,255,006 1,334,000 826,250 980,125 0.1505 2035 3,536,475,481 928,200 1,250,856 1,336,500 827,375 977,000 0.1469 2036 3,571,840,235 1,254,094 1,336,000 826,750 977,000 0.1202 2037 3,607,558,638 1,332,500 824,375 979,875 0.0850 2038 3,643,634,224 825,125 980,500 0.0485 2039 3,680,070,566 978,875 0.0260 54,862,077$ 18,851,276$ 20,003,313$ 11,029,178$ 13,712,889$
Town of ProsperScenario 1 ‐ Homestead Exemption of 10%; Projected Initial Lost Value of $110,853,149Series Series Series SeriesTaxable Outstanding2016 2017 2018 2019Assessed Tax‐Backed$10.71mm $11.35mm $6.07mm $7.50mmI&S TaxFYEValuation(1)DebtService(2)Proceeds(3)Proceeds(3)Proceeds(3)Proceeds(3)Rate(4)FYEValuation Debt Service Proceeds Proceeds Proceeds Proceeds Rate 2016 2,129,311,118$ 3,384,038$ 0.1589$ 2017 2,318,457,969 3,471,116 736,507$ 0.1710 2018 2,618,457,969 3,209,616 519,888 917,938$ 0.1702 2019 2,818,457,969 3,096,518 549,175 911,250 394,428$ 0.1696 20203 018 457 9693 229 225547 750699 250329 500464 139$0169220203,018,457,969 3,229,225 547,750 699,250 329,500 464,139$ 0.1692 2021 3,048,642,549 3,378,759 546,325 677,625 333,375 385,000 0.1692 2022 3,079,128,974 3,419,265 544,900 681,125 337,000 385,000 0.1691 2023 3,109,920,264 3,444,703 543,475 703,625 340,375 385,000 0.1691 2024 3,141,019,467 3,437,511 542,050 753,875 348,375 385,000 0.1690 2025 3,172,429,661 3,137,683 540,625 1,020,500 380,250 385,000 0.1673 2026 3,204,153,958 2,998,001 1,251,863 556,250 322,625 385,000 0.1673 2027 3,236,195,497 2,514,681 1,254,813 957,875 394,500 385,000 0.1655 2028 3,268,557,452 2,501,225 1,250,981 992,625 413,875 385,000 0.1650 2029 3,301,243,027 2,508,063 1,255,250 1,073,125 383,250 385,000 0.1653 2030 3,334,255,457 1,579,575 1,252,500 1,333,375 446,500 979,750 0.1633 2031 3,367,598,012 1,571,194 1,252,731 998,500 828,000 978,500 0.1629 2032 3,401,273,992 1,575,669 1,250,825 1,053,750 823,875 975,750 0.1628 2033 3,435,286,732 1,292,400 1,251,663 1,333,625 823,375 976,375 0.1612 2034 3,469,639,599 1,001,700 1,255,006 1,334,000 826,250 980,125 0.1518 2035 3,504,335,995 928,200 1,250,856 1,336,500 827,375 977,000 0.1482 20363 539 379 3551 254 0941 336 000826 750977 0000121220363,539,379,355 1,254,094 1,336,000 826,750 977,000 0.1212 2037 3,574,773,149 1,332,500 824,375 979,875 0.0857 2038 3,610,520,880 825,125 980,500 0.0489 2039 3,646,626,089 978,875 0.0262 54,862,077$ 18,851,276$ 20,003,313$ 11,029,178$ 13,712,889$
Town of Prosper“a place where everyone matters”Assumptions for Projected Debt ServicepyAssumptions for Projected Debt Service and I&S Rate including Options for HtdEtiHomestead Exemptions(1) FY 2016 based on certified values per Denton CAD and Collin CAD websites. Assumes $300 million in annual growth for FY's 2017‐2018, $200 million in annual growth for FY's 2019‐2020, 1% thereafter. FY 2017 and beyond ggy(2) Debt service assumed to be repaid solely with I&S tax revenues. Repayment source may be changed from year to year.(3) Debt service assumed to be repaid solely with I&S tax revenues. Based on projected rates; preliminary, subject to change.(4) Estimated. Based on assumed total frozen revenues of $775,000 and projected pro rata I&S tax rate share of a combined tax rate of $0.52; preliminary, subject to change.
Town of Prosper“a place where everyone matters”Agenda Item 13.pygConsider and act upon a resolution adoptingthFi lY20152016CitltheFiscalYear2015-2016CapitalImprovement Program.(HW)
Town of Prosper“a place where everyone matters”Agenda Item 14.pygConsider and act upon authorizing the TownMttWtItManagertoexecuteaWaterImprovementDevelopment Agreement betweenBl fi ldHLPdthTfBloomfieldHomes,LP,andtheTown ofProsper, Texas, related to the extension oftlitthPLkwaterlinestoservetheProsperLakeonPreston development.(HW)
Town of Prosper“a place where everyone matters”Agenda Item 15.pygConsider and act upon a resolutionth i ithTMttauthorizingtheTownManagertoexecuteanapplication to the Texas Parks & WildlifeDttOtdRtiGtfDepartmentOutdoorRecreationGrantforthe development of Frontier Park North.(PN)(PN)
Town of Prosper“a place where everyone matters”Agenda Item 16.Executive SessionpyExecutive SessionRecess into Closed Session in compliance with Section551.001et.seq.TexasGovernmentCode,asauthorizedby551.001et.seq.TexasGovernmentCode,asauthorizedbythe Texas Open Meetings Act, to deliberate regarding:16a.Section 551.087 - To discuss and consider economicdevelopment incentives.16bSection551072Todiscussandconsiderpurchase16b.Section551.072-Todiscussandconsiderpurchase,exchange, lease, or value of real property formunicipal purposes and all matters incident andltdth trelatedthereto.
Town of Prosper“a place where everyone matters”Agenda Item 16 Con’tpyExecutive Session16c.Section 551.074–Todiscussappointments toppthe Board of Adjustment/Construction Board ofAppeals, Parks & Recreation Board, LibraryBoard,ProsperEconomicDevelopmentBoard,ProsperEconomicDevelopmentCorporation Board, and Planning & ZoningCommission.
Town of Prosper“a place where everyone matters”Agenda Item 17.pyReconveneinRegularSessionandtakeReconveneinRegularSessionandtakeany action necessary as a result of theCl dSiClosedSession.
Town of Prosper“a place where everyone matters”Agenda Item 18.pyPossibly direct Town staff to schedule topic(s)for discussion at a future meeting.•TIRZ No. 1 and TIRZ No. 2 Board of Directors(HJ)(HJ)•Discussion on the Lower Pressure Plane GroundStorage Tank and Pump Station Project.(HW)Di ifblhh•Discussion ofportable restrooms at thesouthwestcorner of Frontier Park.(HW)
•Prefab Building: $ 75,000•Plumbing/Electrical: $ 20,000•Landscaping:$ 5,000pg$,•Sidewalk/Hardscape $ 7,500TOTAL$107 500•TOTAL$107,500
Town of Prosper“a place where everyone matters”Agenda Item 19.pyAdjourn