20170808 Finance CommitteeTown of Prosper“a place where everyone matters”Fi C itt M tipyFinance Committee MeetingAugust 8 2017August 8, 2017
Town of Prosper“a place where everyone matters”pya.a. 2017 Tax Rate NoticePROPOSED TAX RATE $0.520000 per $100PRECEDING YEAR'S TAX RATE $0.520000 per $100EFFECTIVE TAX RATE $0 450157 $100EFFECTIVE TAX RATE $0.450157 per $100ROLLBACK TAX RATE $0.508702 per $1002
0.0527626740.0508620.0540630.060.70.8Historical Tax Rates0.0496320.0423440 5087025910.6218380.5244870 5110760.040.050.60.0331970.5087025910.429220.4630670.5110760.030.40.50.020.20.300.0100.12017 2016 2015 2014 2013 2012Sales Tax Adjustment RateRollback Rate Before Sales Tax ReliefRollback Rate After Sales Tax ReliefAdopted Tax Rate
Town of Prosper“a place where everyone matters”pyc. Five Year Capital Improvement Plan4
CIP Projects STREETSGates of Prosper, TIRZ No. 1 2,079,632Matthews Southwest, TIRZ No. 2 440,601Frontier Parkway (BNSF Overpass) – Carry Over5,860,000 DNT Southbound Frontage Road – Collin County 9,500,000Coleman Street (at Prosper HS)–Potential Developer Agreement700 000Coleman Street (at Prosper HS) Potential Developer Agreement700,000Old Town Streets 2015 (Fifth, McKinley) 1,000,000Fifth Street (Coleman - Church) 375,000Third Street (Main - Coleman) 250,000Eighth Street (Church - PISD) 260,000 Field Street (First - Broadway) 250,000 20,715,233 ,,5
Town of Prosper“a place where everyone matters”TCilMtipyTown Council MeetingJanuary 13 2015January 13, 2015Priority List of Shovel Ready Projects
4 – Victory Way3 – Prosper Trail1 – Prosper Trail2 – Coit Road5 – Coleman Street6 – First Street
Town of Prosper“a place where everyone matters”Bd tW kS ipyBudget Work SessionJuly 12 2017July 12, 2017Comments on Street and Traffic Projects
6. Victory Way (2 lanes of 4 ultimate) Eng : $ 250,000Total: $1,750,000Coleman StreetColeman Street(Last 2 lane – Potential Dev. Agreement)Prosper Trail(Engineering Underway)Prosper Trail(Engineering Complete)5. Coleman Street(4 lanes of 4 ultimate) Eng : $ 375,000(Last 2 lanes of 4 ultimate) Eng : $ 700,000Total: $6,000,000Coit RoadExtended to Frontier(Engineering Underway)First Street(Engineering Underway)Total: $2,500,000(Engineering Underway)
E – W Collector(Contract Pending)Eng : $100,000Total: $ 900,000Fishtrap RoadCook Lane(Contract Pending)Eng : $100,000Total: $1,450,000Fishtrap Road(4 lanes of 4 ultimate) Eng : $1,250,000Total: $16,500,000
CIP Projects TRAFFICTraffic Signal – Coit Rd & Prosper Trail220,000Traffic Signal –FM 1385 & Fishtrap: (TxDOT) 125,000Traffic Signal – FM 1461 & Coit Rd: (TxDOT) 125,000 Traffic Signal – FM 1461 & FM 2478 (Custer Rd): (TxDOT) 125,000TrafficSignal–FM 2478 (Custer Rd) & Prosper Trail: (TxDOT)125 000TrafficSignal FM 2478 (Custer Rd) & Prosper Trail: (TxDOT)125,000Traffic Signal – SH 289 & Coleman Rd: (TxDOT) 220,000Traffic Signal – SH 289 & Richland Blvd: (TIRZ #1) 220,000Traffic Signal – US 380 & Lover’s Lane: (TIRZ #1) 220,0001,380,000 11
2017-2018 Proposed Traffic SignalsO h T T ffi Si l M i d J l 12thWk S iOther Town Traffic Signals Mentioned at July 12thWork SessionFuture Proposed Traffic Signals on CIP
CIP Projects Cont’d PARKSLakewood Preserve – Developer 483,000Hays Park – Design 50,000Star Trail Park #1 – Developer & Park Development Fund 985,000Whitley Place H&B Trail Extension – Design 70,000Windsong H&B Trail Phases 3C,5,6A, 6B, 7, 8, and 9 – Developer 450,524Windsong Ranch West Park Land – Study 50,0002,088,52413
St T il N i hb h d P k #1Star Trail Neighborhood Park #1Concept Plan (Not Final)
CIP Projects Cont’d FACILITIESParks Operations and Public Works Complex - Land 4,000,000Public Safety Complex - Design 1,000,000Town Hall - Professional Services ($2.241M Overall)200,000 Town Hall - Construction ($19.990M Overall)392,0005 592 0005,592,00025
CIP Projects Cont’dWATERFishtrap Elevated Storage Tank (South) 5,415,000 Water Supply Line Phase 19 694 479Water Supply Line Phase 19,694,479Water Supply Line Phase 1 Easement Costs 4,141,500Custer Road Station Additional Pump 889,350Lower Pressure Plane Pump Station and Transmission Line 1,250,000LPP Phase 2 Pipeline Easement Costs 1,487,15022,877,479 WASTEWATERGates of Prosper, TIRZ No. 1 38,644Matthews Southwest TIRZ No 2166 492Matthews Southwest, TIRZ No. 2166,492205,136 26
CIP Projects Cont’dDRAINAGEOld Town Drainage – Fifth Street Trunk Main 400,000 400,000 Total All CIP Projects 53,301,372 27
Town of Prosper“a place where everyone matters”pyd. Discussion of Public Works Fees28
Town of Prosper“a place where everyone matters”Agenda Item pyAmend Appendix A, Fee Schedule
Town of Prosper“a place where everyone matters”Sec. XIV – (B) Damages to meters/equipmentpyItem Existing (2011) Proposed (2017)5/8-inch PD$322.00 $340.00 3/4ih PD3/4-inch PD$322.00 $340.00 1-inch PD$398.00 $412.00 1-1/2-inch PD$570.00 $614.00 2-inch PD$775.00 $800.00 1-1/2-inch turbine (irrigation)$622.00 $625.00 2-inch turbine (irrigation)$797 00 $797 00 2-inch turbine (irrigation)$797.00 $797.00 14 x 18 inch meter small box $151.00 $ 164.00 14 x 18 inch meter small box & MTU $266.00 $279.00 18 x 24 inch meter large box $264.00 $267.00
Town of Prosper“a place where everyone matters”Sec. XIV – (B) Damages to meters/equipmentpyItemExisting (2011)Proposed (2017)ItemExisting (2011)Proposed (2017)18 x 24 meter box large & MTU $379.00 $382.00 Replace readable register $181.00 $239.00 Replace damaged/unreadable register $500.00 $500.00 Transmitter (MTU) $236.00 $239.00 Transmitter (MTU) dual $266.00 $269.00 3-inch turbine meter $878.00 $881.00 4-inch turbine meter$1 436 00 $1 439 00 4inch turbine meter$1,436.00 $1,439.00 6-inch turbine meter $ 2,460.00 $2,463.00 3-inch compound meter $2,203.00 $2,206.00 4-inch compound meter $2,911.00 $2,911.00 6-inch compound meter $4,707.00 $4,711.00
Town of Prosper“a place where everyone matters”Sec. XIV – (B) Damages to meters/equipment NP dChpyNew Proposed ChargesItem Proposed (2017)Replace 5/8 & 1-inch meter, MTU, register & box $559.00 Replace MTU, register & box $394.00 R l 5/8 & 1ih i & b$444 00 Replace 5/8 & 1-inch meter register & box$444.00 Replace 5/8 & 1-inch meter MTU & box $444.00 Replace 5/8 & 1-inch meter & MTU $404.00 Replace 5/8 & 1-inch meter & box $329.00
Town of Prosper“a place where everyone matters”Sec. XIV – (B) Damages to meters/equipment NP dChpyNew Proposed ChargesItem Proposed (2017)Replace MTU & small box $277.00 Replace register & box $279.00 R l 5/8 & 1ih & i$404 00 Replace 5/8 & 1-inch meter & register$404.00 Replace register & MTU $354.00 Replace unreadable register, MTU and small box $770.00 Replace unreadable register & MTU $710.00
Town of Prosper“a place where everyone matters”Sec. XIV – (C) Fire hydrant meter feepyItem Number Item Existing (2011) Proposed (2017)1Deposit (based upon approved conditions)$1,500.00$1,338.001.Deposit (based upon approved conditions)$,$,2. Relocate fire hydrant meter$50.00 $64.003. Repair hydrant meter3a. Back flow valve $150.00 N/A3b. Hydrant meter $800.00 N/A3c. Valves gate $110.00 N/Ag
Town of Prosper“a place where everyone matters”Sec. XIV – (C) Fire hydrant meter fee NP dChpyNew Proposed ChargesItem Number Item Proposed (2017)3aReplace hydrant meter with register$1 197 00 3a.Replace hydrant meter with register$1,197.00 3b. Repair hydrant - meter RPZ $528.00 3c. Replace backflow on hydrant $372.00 3d. Repair hydrant - broken collar $224.00 3e. Repair hydrant - meter valves $166.00
Town of Prosper“a place where everyone matters”Sec. XIV – (D) Water/wastewater fee(1)Wt Tpy(1)Water Taps.Item Number Item Existing (2011) Proposed (2017)(i)1inch water service$1 577 00 $1 537 00 (i)1-inch water service$1,577.00 $1,537.00 (ii) 1-1/2 inch water service $1,773.00 $1,836.00 (iii) 2-inch water service $1,870.00 $1,941.00 (2) Wastewater Taps.Item Number Item Existing (2011) Proposed (2017)(a)4-inch sewer service $1,596.00 $1,612.00 (b)6-inch sewer service $1,624.00 $1,840.00
Town of Prosper“a place where everyone matters”Sec. XIV – (E) Meter movespyItem Number Item Existing (2011) Proposed (2017)(1) 1-inch water service move $550.00 $554.00 (2)11/2 i h t i $591 00 $595 00 Sec XIV(F) Curb stop repair(2)1-1/2 inch water service move$591.00 $595.00 (3) 2-inch water service move $765.00 $771.00 Sec. XIV –(F) Curb stop repairItem Number Item Existing (2011) Proposed (2017)(1) 1-inch curb stop repair $256.00 $237.00 (2) 1-1/2 inch curb stop repair $348.00 $350.00 (3)2inch curb stop repair$396 00 $398 00 (3)2-inch curb stop repair$396.00 $398.00
Town of Prosper“a place where everyone matters”Sec. XIV – (G) Callback or second time callpyItem Existing (2011) Proposed (2017)C llb k d ti ll$75 00 $86 00 Callback or second time call$75.00 $86.00