2017822ppt w budgetTown of Prosper
Town Council Meeting
August 22, 2017
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Town of Prosper
Agenda Item 1.
Call to Order/Roll Call.
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Town of Prosper
Agenda Item 2.
Invocation, Pledge of Allegiance, and
Pledge to the Texas Flag.
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Pledge to the Texas Flag
Honor the Texas flag;
I pledge allegiance to thee,
Texas, one state under God,
one and indivisible.
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Agenda Item 3.
Announcements of recent and
upcoming events.
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Agenda Item 4.
Presentations
Presentation by the Town’s Emergency Management
Coordinator on the Town’s “Storm Ready” Certification.
(KB)
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Town of Prosper
Agenda Item 4.
Presentations
StormReady communities are better prepared to save lives
through advanced planning, education, and awareness.
Establish 24-hour warning point
Rave Communications
NWS Chat
Smart911
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Town of Prosper
Agenda Item 5.
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.
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Agenda Item 5.
Consent Agenda
5a.Consider and act upon minutes from the following
Town Council meeting.(RB)
•Regular Meeting –August 8,2017
5b.Consider and act upon an ordinance for a Special
Purpose Sign District for Prosper Town Center,
located on the northeast corner of Preston Road and
First Street.(MD17-0005).(AG)
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Subject to:
1.Remove from Exhibit B the following unified developmentsigns:UDS-7A on Hays Street,UDS-1A on First Street,andUDS-4C on Preston Road.
2.Only one additional monument sign along First Street isallowed.
3.Only one additional monument sign along Hays Street isallowed.
4.One monument sign on the lot with the 3-story officebuildingisallowed.
5.Any sign along Preston Road,First Street,and Hays Roadshallbeatleast15feetfromanystreetright-of-way,exceptforthecurvedwallsignattheintersectionofPrestonRoadandFirstStreetandthecurvedwallsignattheintersectionofFirstStreetandHaysStreet,for which a setback variancereducedto5feetisallowed.
APPROVAL RECOMMENDATION
Town of Prosper
Agenda Item 6.
Citizen Comments
The public is invited to address the Council on any topic.
However, the Council is unable to discuss or take action
on any topic not listed on this agenda. Please complete a
“Public Meeting Appearance Card” and present it to the
Town Secretary prior to the meeting.
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Agenda Item 7.
Conduct a Public Hearing, and consider and act upon an
ordinance amending Chapter 3, Permitted Uses and
Definitions of the Zoning Ordinance regarding temporary
buildings. (Z17-0007). (JW)
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Agenda Item 8.
Conduct a Public Hearing to consider and discuss the FY
2017-2018 Budget, as proposed. (KN)
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Town of Prosper
Agenda Item 9.
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 8.45 percent.
(KN)
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Agenda Item 10.
Conduct a Public Hearing to consider and discuss
proposed Water and Wastewater utility rate structure.
(KN)
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Agenda Item 11.
Conduct a Public Hearing to consider and discuss an
amendment to the Town’s Municipal Drainage Utility
System Fee Schedule. (HW)
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Agenda Item 12.
Consider and act upon a request for a Variance to the
Subdivision Ordinance regarding thoroughfare screening,
for Parkside, located on the west side of Coit Road,
1,500±feet south of Prosper Trail. (V17-0006). (AG)
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Agenda Item 13.
Consider and act upon an ordinance amending Article
13.08 “Right-of-Way Management” of Chapter 13
“Utilities” the Town’s Code of Ordinances, by
establishing regulations related to network providers.
(AG)
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Agenda Item 14.
Discussion on proposed Five-Year Capital Improvement
Plan. (HW)
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28
CIP Projects
STREETS
Gates of Prosper, TIRZ No. 1 2,079,632
(Richland Boulevard, Lovers Lane,Detention Pond)
Matthews Southwest, TIRZ No. 2 440,601
(Mahard Parkway)
Frontier Parkway (BNSF Overpass) –($5.86M Town)22,555,000
DNT Southbound Frontage Road –(Collin County)9,500,000
Coleman Street (at Prosper HS) –Potential Developer Agreement 700,000
Old Town Streets (Fifth, McKinley) 1,000,000
Fifth Street (Coleman -Church)375,000
Third Street (Main -Coleman)250,000
Eighth Street (Church -PISD) 260,000
Field Street (First -Broadway)250,000
37,410,233
29
ADDITIONAL STREETS
Downtown Enhancements (Broadway)1,650,000
West Prosper Road Improvements 6,781,000
Prosper Trail (Kroger -Coit)3,975,000
Acacia Parkway (Gee Road -Windsong Parkway)1,022,782
13,428,782
Total All Street Projects 50,839,015
CIP Projects Cont’d
Town of Prosper
Town Council Meeting
January 13, 2015
Priority List of Shovel Ready Projects
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4 –Victory Way
3 –Prosper Trail
2 –Coit Road
5 –Coleman Street
6 –First Street
1 –Prosper Trail
Town of Prosper
Budget Work Session
July 12, 2017
Comments on Street and Traffic Projects
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6. Victory Way
(2 lanes of 4 ultimate)
Eng : $ 250,000
Total: $1,750,000
Prosper Trail
(Engineering Underway)
Coit Road
Extended to Frontier
(Engineering Underway)
First Street
(Engineering Underway)
Prosper Trail
(Engineering Complete)
5. Coleman Street
(4 lanes of 4 ultimate)
Eng : $ 375,000
Total: $2,500,000
Coleman Street
(Last 2 lanes of 4 ultimate)
Eng : $ 700,000
Total: $6,000,000
Coleman Street
(Last 2 lane –Potential
Dev. Agreement)
Fishtrap Road
(4 lanes of 4 ultimate)
Eng : $1,250,000
Total: $16,500,000
Cook Lane
(Contract Pending)
Eng : $100,000
Total: $1,450,000
E –W Collector
(Contract Pending)
Eng : $100,000
Total: $ 900,000
35
TRAFFIC
Traffic Signal –Coit Rd & Prosper Trail 220,000
Traffic Signal –FM 1385 & Fishtrap: (TxDOT)125,000
Traffic Signal –FM 1461 & Coit Rd: (TxDOT)125,000
Traffic Signal –FM 1461 & FM 2478 (Custer Rd): (TxDOT)125,000
Traffic Signal –FM 2478 (Custer Rd) & Prosper Trail: (TxDOT)125,000
Traffic Signal –SH 289 & Coleman Rd: (TxDOT)220,000
Traffic Signal –SH 289 & Richland Blvd: (TIRZ #1)220,000
Traffic Signal –US 380 & Lover’s Lane: (TIRZ #1)220,000
1,380,000
CIP Projects Cont’d
2017-2018 Proposed Traffic Signals
Other Town Traffic Signals Mentioned at July 12th Work Session
Future Proposed Traffic Signals on CIP
37
CIP Projects Cont’d
PARKS
Lakewood Preserve –Developer 483,000
Hays Park –Design (Town)50,000
Star Trail Park #1 –Developer & Park Development Fund 985,000
Whitley Place H&B Trail Extension –Design (Town)70,000
Windsong H&B Trail Phases 3C,5,6A, 6B, 7, 8, and 9 –Developer 450,524
Windsong Ranch West Park Land –Study (Town)50,000
2,088,524
Town of Prosper
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Prestonview Drive
Hays Park
Town of Prosper
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Star Trail Neighborhood Park #1
Concept Plan (Not Final)
Star Trail
Neighborhood Park #1
Concept Plan (Not
Final)
Town of Prosper
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Whitley Place Hike and Bike Trail Extension
Town of Prosper
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Town of Prosper
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55
CIP Projects Cont’d
FACILITIES
Parks Operations and Public Works Complex -Land 4,000,000
Public Safety Complex -Design 1,000,000
Town Hall -Professional Services ($2.241M Overall)200,000
Town Hall -Construction ($19.990M Overall)392,000
5,592,000
56
CIP Projects Cont’d
WATER
Fishtrap Elevated Storage Tank (South)5,415,000
Water Supply Line Phase 1 9,694,479
Water Supply Line Phase 1 Easement Costs 4,141,500
Custer Road Station Additional Pump 889,350
Lower Pressure Plane Pump Station and Transmission Line 1,250,000
LPP Phase 2 Pipeline Easement Costs 1,487,150
22,877,479
WASTEWATER
Gates of Prosper, TIRZ No. 1 38,644
(Middle Doe Branch Line)
Matthews Southwest, TIRZ No. 2 166,492
(Lower Doe Branch Line)
205,136
57
CIP Projects Cont’d
DRAINAGE
Old Town Drainage –Fifth Street Trunk Main 400,000
400,000
Total All CIP Projects 83,382,154
Town of Prosper
Agenda Item 15.
Discussion on proposed Health Permit Fees. (JW)
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Town of Prosper
•Fees are charged for Inspections of
•Restaurants (2/yr)
•Temporary Events with Food
•Grocery & Convenience Stores
•Day Care Centers
•Mobile Food Units
•Public/HOA/Apartment Pools
•Plan Review
•Fees Last Updated in 2005
59
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Town of Prosper
•Need to Adopt New Food Establishment
Ordinance
•Migrate Fees from Food Establishment Ordinance
to our Standard Fee Schedule
•Increase Certain Fees to be Consistent with Avg of
Survey Cities
60
“a place where everyone matters”
$0
$100
$200
$300
$400
$500
$600
ProsperBV AllenColleyvilleCoppellFairviewFlower MoundFriscoHighland ParkMcKinneyPlanoSouthlakeAvg61
Avg
$0
$100
$200
$300
$400
$500
$600
ProsperBV AllenColleyvilleCoppellFairviewFlower MoundFriscoHighland ParkMcKinneyPlanoSouthlakeAvg62
Avg
$0
$100
$200
$300
$400
$500
$600
ProsperBV AllenColleyvilleCoppellFlower MoundFriscoPlanoSouthlakeAvgFairviewMcKinney63
Avg
$0
$50
$100
$150
$200
$250
$300
$350
ProsperBV AllenColleyvilleCoppellFlower MoundFriscoSouthlakeAvgFairviewMcKinney64
Avg
Town of Prosper
Recommend No Fee Changes for:
•Restaurants
•Temporary permits
•Grocery Stores
•Mobile Food Units
•Swimming Pools and Spas
65
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Recommended Fee Changes & BV Comparison
66
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Use Current Fee Proposed Fee*BV Fee
Convenience Store $200/yr $275/yr $400/yr
Day Care $200/yr $350/yr $400/yr
Plan Review $75 $175 $150
* Based on avg. of other cities
Town of Prosper
Agenda Item 16.
Discussion on proposed Public Works Fees. (FJ)
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Town of Prosper
Sec. XIV –(B) Damages to meters/equipment
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Item Existing (2011)Proposed (2017)
5/8-inch PD $322.00 $340.00
3/4-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
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
Sec. XIV –(B) Damages to meters/equipment
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Item Existing (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
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
Sec. XIV –(B) Damages to meters/equipment –New
Proposed Charges
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Item Existing Proposed
(2017)
Replace 5/8 & 1-inch meter, MTU, register & box $890.00 $559.00
Replace MTU, register & box $568.00 $394.00
Replace 5/8 & 1-inch meter register & box $654.00 $444.00
Replace 5/8 & 1-inch meter MTU & box $709.00 $444.00
Replace 5/8 & 1-inch meter & MTU $558.00 $404.00
Replace 5/8 & 1-inch meter & box $473.00 $329.00
Town of Prosper
Sec. XIV –(B) Damages to meters/equipment –New
Proposed Charges
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Item Existing Proposed
(2017)
Replace MTU & small box $387.00 $277.00
Replace register & box $322.00 $279.00
Replace 5/8 & 1-inch meter & register $503.00 $404.00
Replace register & MTU $417.00 $354.00
Replace unreadable register, MTU and small box $887.00 $770.00
Replace unreadable register & MTU $736.00 $710.00
Town of Prosper
Sec. XIV –(C) Fire hydrant meter fee
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Item Number Item Existing (2011)Proposed (2017)
1.Deposit (based upon approved conditions)$1500.00 $1500.00
2.Relocate fire hydrant meter $50.00 $64.00
3.Repair hydrant meter
3a.Back flow valve $150.00 N/A
3b.Hydrant meter $800.00 N/A
3c.Valves gate $110.00 N/A
Town of Prosper
Sec. XIV –(C) Fire hydrant meter fee –New Proposed
Charges
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Item
Number
Item Existing Proposed (2017)
3a.Replace hydrant meter with register $960.00 $1,197.00
3b.Repair hydrant -meter RPZ Not Used $528.00
3c.Replace backflow on hydrant $150.00 $372.00
3d.Repair hydrant -broken collar No Charge $224.00
3e.Repair hydrant -meter valves $110.00 $166.00
Town of Prosper
Sec. XIV –(D) Water/wastewater fee
(1)Water Taps.
(2)Wastewater Taps.
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Item Number Item Existing (2011)Proposed (2017)
(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
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
Sec. XIV –(E) Meter moves
Sec. XIV –(F) Curb stop repair
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Item Number Item Existing (2011)Proposed (2017)
(1)1-inch water service move $550.00 $554.00
(2)1-1/2 inch water service move $591.00 $595.00
(3)2-inch water service move $765.00 $771.00
Item 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)2-inch curb stop repair $396.00 $398.00
Town of Prosper
Sec. XIV –(G) Callback or second time call
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Item Existing (2011)Proposed (2017)
Callback or second time call $75.00 $86.00
Town of Prosper
Agenda Item 17.
Executive Session
Recess into Closed Session in compliance with Section
551.001 et seq.Texas Government Code,as
authorized by the Texas Open Meetings Act,to
deliberate regarding:
17a.Section 551.087 –To discuss and consider
economic development incentives.
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Town of Prosper
Agenda Item 17.
Executive Session
Recess into Closed Session in compliance with Section
551.001 et seq.Texas Government Code,as
authorized by the Texas Open Meetings Act,to
deliberate regarding:
17b.Section 551.072 –To discuss and consider
purchase,exchange,lease or value of real property
for municipal purposes and all matters incident and
related thereto.
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Agenda Item 17.
Executive Session
Recess into Closed Session in compliance with Section
551.001 et seq.Texas Government Code,as
authorized by the Texas Open Meetings Act,to
deliberate regarding:
17c.Section 551.071 –Consultation with the Town
Attorney regarding possible litigation regarding
bond issues,and possible litigation regarding
substandard structures,and all matters incidents
and related thereto.
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Town of Prosper
Agenda Item 17.
Executive Session
Recess into Closed Session in compliance with Section
551.001 et seq.Texas Government Code,as
authorized by the Texas Open Meetings Act,to
deliberate regarding:
17d.Section 551.074 –To discuss and consider
personnel matters and all matters incident and
related thereto.
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Agenda Item 17.
Executive Session
Recess into Closed Session in compliance with Section
551.001 et seq.Texas Government Code,as authorized by
the Texas Open Meetings Act,to deliberate regarding:
17e.Section 551.074 –To discuss appointments
to the Board of Adjustment/Construction Board
of Appeals, Parks & Recreation Board, Library Board,
Prosper Economic Development Corporation Board,
and Planning & Zoning Commission.
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Town of Prosper
Agenda Item 18.
Reconvene in Regular Session and take any action
necessary as a result of the Closed Session.
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Town of Prosper
Agenda Item 19.
Rogers Middle School Update
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Town of Prosper
Agenda Item 19.
Possibly direct Town staff to schedule topic(s)for
discussion at a future meeting.
•Rogers Middle School Study Update (SG)
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Town of Prosper
85
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86
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Students Crossing Coit Road with Crossing Guard at School Driveway
Town of Prosper
87
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Students Traveling to Northern Pedestrian Crossing through Empty Lot
Town of Prosper
88
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Midblock Pedestrian Crossing 1,150 feet North of School Driveway
Town of Prosper
89
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(May 16, 2017)
Town of Prosper
90
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Short-Term Improvements-Coit Road
•Consider restriping the crosswalk on Coit Road with “piano-key” or “ladder”-style markings to improve visibility for drivers.
-Complete
•Update school zone sign time panel on the apartment driveway approach to reflect the correct school zone times.
-Complete
•Consider installation of school signs with diagonal arrows in the median on Coit Road at the crosswalk.
School crossing signs would need to be installed on a new sign post. There is an existing ‘Keep Right’ sign on the median nose.
-Complete
•Install custom signing on the northeast corner of the intersection directing students to “Cross Coit Road Here” rather than continuing
north along the east side of Coit Road to cross at the northern crosswalk outside the 20 mph reduced speed school zone.
-On PISD property.The Lee Engineering Study sent to PISD.
•Re-mount the existing pedestrian warning signs higher on their existing posts so that the bottom of the signs is at least 7 feet above
the top of curb.
-No, they are within acceptable configuration.
•Consider re-mounting the Rapid Rectangular Flashing Beacon (RRFB) control boxes at a different elevation to optimize visibility
between drivers and approaching pedestrians.
-No, they are within acceptable configuration.
•A few of the existing yield pavement markings on northbound Coit Road may require repainting.
-No, they are not bad enough to be replaced at this time.
•‘Yield Here to Pedestrian’ signs (R1-5L and R1-5R) should be installed on the northbound and southbound approaches of Coit Road
at the yield pavement markings on the right-hand side of the road and on the median.
-Complete
•As trees continue to grow, branches may require trimming to maintain visibility of the pedestrian signs for drivers.
-Staff will monitor.
•Install ‘Pedestrian Ahead’ (W11-2, W16-9P) signs on the northbound and southbound approach of Coit Road in advance of the crosswalk
-Complete
Town of Prosper
Short-Term Improvements-Coit Road (Continued)
•To account for slower student walking speed (assumed 2.5 feet/sec) and pedestrian start-up and delay time, it is recommended to
increase the time that the RRFB system is activated after each pushbutton press to fifty-seven (57) seconds
(an increase of approximately 20 seconds).
-Timing checked and long enough.This crossing is not being encouraged for use by students.
•Alternatively, pedestrian push-buttons could be added in the median to allow for a two-stage crossing of Coit Road.
If the RRFBs for the northbound and southbound approaches of Coit Road were operating separately, each set would need to be
activated for approximately 19 seconds ( = 9 seconds of pedestrian delay/start-up time + 9.6 sec to walk 24 feet at 2.5 ft/sec).
-Not needed
•Install custom signs directing student pedestrians on school days and during school arrival and dismissal hours to cross ¼ mile
south at the middle school entrance intersection.
-Complete.
•Consider providing a law enforcement officer at this location during the morning arrival period in the days after the sign is installed
and intermittently thereafter to direct students to the intended crossing.
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Town of Prosper
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Long-Term-Coit Road
Monitor student behavior to verify that students are not crossing at the northern crosswalk.
•If students continue to cross at the northern crosswalk, either:
o Extend the Coit Road reduced speed school zone north (as shown in Figure 18), or
o Construct a fencing or landscaping barrier along the north edge of the school driveway to channelize student pedestrians
toward the intended crosswalk (as shown in Figure 19). As previously stated, in order to include the northern midblock
pedestrian crossing in the 20 mph school zone, the school zone would have to be extended by approximately 1,100 feet to
the north. While vehicle speeds would be expected to increase by 5 mph by the end of the school zone, vehicles would
experience only an approximate 21-second increase in travel time.
o If the school zone is extended north as described in item 6.b above, then implement the following additional improvements
(as shown in Figure 18):
§The pedestrian (W11-2) signs at the midblock crossing must be replaced with school signs (S1-1).
§Relocate the existing school zone flasher and signs to a point 300 feet north of the midblock crossing.
§Install transverse 12” white pavement markings on Coit Road.
§Install ‘School Ahead’ signs (S1-1 and SW16-9P) 320 feet prior to the start of the school zone on
southbound Coit Road and 320 feet prior to the midblock crossing on northbound Coit Road.
§Install a school zone sign on the apartment driveway approach located 450 feet south of the midblock
crossing. On the new residential street being constructed as the west leg of the same intersection
(Meadowbrook Boulevard), install a school zone assembly with flashing beacon, and end school zone
sign, and transverse white pavement marking approximately 200 feet east of Coit Road.
•Consider either or both of the following improvements at the intersection of Coit Road and the school entrance driveway
(as shown in Figure 19):
o Install a pedestrian hybrid beacon for additional conspicuity of pedestrian crossings and to reduce conflicts when crossings
occur outside of peak school arrival and dismissal periods, such as after extra-curricular activities or for evening school
events. This improvement may become more important to consider as Coit Road traffic grows and/or when Coit Road is
widened to its ultimate six-lane cross section as per the Town’s thoroughfare plan.
o Extend the median on the north leg of the intersection to provide a defined refuge area for pedestrians making a t wo-stage
crossing of Coit Road.
La Cima
·Town staff has adjusted the crossing time at Arrowhead to allow students from Rogers Middle School more time to cross with a
crossing guard and has restriped the crossing at La Cima and Amistad.
Town of Prosper
Agenda Item 20.
Adjourn.
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Budget Theme:
CIP –Recently Completed & Under Design
3
Recently Completed
Under Design
$150,006,724
CIP –Completion Next 5 Years
4
Completion
Next 5 Years
$397,636,995
Recently Completed
Under Design
$150,006,724
CIP –Completion Beyond 5 Years
5
Completion
Next 5 Years
$397,636,995
Completion
Beyond 5 Years
$210,008,135
Recently Completed
Under Design
$150,006,724
Historical & Projected Population
Source:US Census Bureau and North Central Texas Council of Governments
(NCTCOG) through 2015; future estimates from the Town of Prosper.
2,097 4,100
9,423
15,970
27,710
40,720
53,980
65,030
72,050
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
2000 2005 2010 2015 2020 2025 2030 2035 2040
6
1583
1135
2628
656 668
1285
1056
1314
980
238
0
500
1000
1500
2000
2500
3000
2013 2014 2015 2016 2017 (Present)
Single Family Lots shown on Preliminary Plats
Single Family Lots shown on Final Plats
Updated 08/10/2017
Single Family Lots Approved by the Planning & Zoning Commission
1st Quarter 2nd Quarter July YTD 3rd Quarter 4th Quarter TOTAL
SF Residential Permits 2017 165 175 56 396 396
SF Residential Permits 2016 164 178 61 403 167 160 669
SF Residential Permits 2015 143 200 54 397 170 142 655
SF Residential Permits 2014 119 88 64 271 161 192 560
SF Residential Permits 2013 89 134 64 287 155 108 486
396
669
655
560
669
0
100
200
300
400
500
600
700
800
1 2 3 4 5 6 7 8 9 10 11 12Number of Permits2017
2016
2015
2014
2013
Summary of Single Family Residential Permits Issued by Quarter 2013 –Present
Prosper is a place where everyone matters.
Number of Single Family Residential Permits Issued Annually 2013 –Present
New Residential Construction Expanded Tax Base & More Population
More Population Increased Demand for Services, Programs,
Facilities & Infrastructure
Increased Demand More Staff, Equipment & Capital Projects
More Capital Projects More Capital Debt
More Capital Debt Increased Annual Debt Service
Increased Debt Service Less Revenue for O&M (Services, Programs,
Staff & Equipment)
Less Revenue for O&M More Property Tax Revenue Required to
Support Expanded Tax Base
High Growth Dynamic
9
No Tax Rate Increase
Increased Property Valuations
New Growth to Tax Roll
Increased Service Levels to Town
Increased Infrastructure Needs
Increased Sales Tax Receipts
10
Proposed FY 2017 -2018 Budget Includes
Streets/Infrastructure
Utility Infrastructure and Rate Increases
Program and Staffing Levels
Parks Operations and Public Works Facilities
11
Proposed FY 2017 -2018 Budget Focus
Budget Components
12
Base Budget—example: electricity, existing personnel costs.
Total: $34,523,336
Non-Discretionary Supplemental Request (“must do”) —
examples: external increase in software maintenance fees,
water/ww charges, changes from state law.
Total: $2,043,947
Discretionary Supplemental Request (“must do” and “should
do”) —examples: new positions or vehicles, park or public
works projects.
Total: $11,595,666
Cut Supplemental Request (“should do” and “nice to do”)
Total: $2,775,397
All Funds
Consolidated Fund Summaries
14
FUND ACCOUNT TYPE ACTUAL
2015-2016
AMENDED
BUDGET
2016-2017
PROJECTED
2016-2017
PROPOSED
BUDGET
2017-2018
GENERAL REVENUES 19,923,016 21,609,381 23,567,342 25,397,091
EXPENDITURES 17,462,549 22,260,816 22,538,000 27,592,160
NET REVENUES OVER (UNDER) EXPENDITURES 2,460,467 (651,435)1,029,342 (2,195,069)
WATER & SEWER REVENUES 13,380,018 14,252,227 14,438,908 16,768,903
EXPENDITURES 12,835,629 14,820,474 14,962,475 18,920,277
NET REVENUES OVER (UNDER)
EXPENDITURES 544,389 (568,247)(523,567)(2,151,374)
DEBT SERVICE (I&S)REVENUES 3,761,817 4,199,988 4,493,030 5,023,025
EXPENDITURES 3,390,101 4,182,810 4,171,610 4,718,308
NET REVENUES OVER (UNDER)
EXPENDITURES 371,716 17,178 321,420 304,718
PARK IMPROVEMENTS / REVENUES 1,709,663 210,800 790,744 1,686,718
DEDICATION EXPENDITURES 1,363,219 1,538,850 1,538,850 1,730,000
NET REVENUES OVER (UNDER)
EXPENDITURES 346,444 (1,328,050)(748,106)(43,282)
Consolidated Fund Summaries Cont’d
15
FUND ACCOUNT TYPE ACTUAL
2015-2016
AMENDED
BUDGET
2016-2017
PROJECTED
2016-2017
PROPOSED
BUDGET
2017-2018
WATER IMPACT FEES REVENUES 3,204,537 3,229,700 3,306,205 3,624,000
EXPENDITURES 3,734,444 5,421,826 5,293,968 6,559,075
NET REVENUES OVER (UNDER)
EXPENDITURES (529,907)(2,192,126)(1,987,763)(2,935,075)
WASTEWATER IMPACT FEES REVENUES 612,305 607,800 551,000 610,000
EXPENDITURES 282,492 1,593,865 1,343,174 519,555
NET REVENUES OVER (UNDER)
EXPENDITURES 329,813 (986,065)(792,174)90,445
E THORO IMPACT FEES REVENUES 240,126 4,032,560 376,696 2,820,000
EXPENDITURES 151,089 7,458,884 1,987,261 6,830,000
NET REVENUES OVER (UNDER)
EXPENDITURES 89,037 (3,426,324)(1,610,565)(4,010,000)
W THORO IMPACT FEES REVENUES 1,111,295 1,212,870 3,364,869 1,857,500
EXPENDITURES 2,386,773 928,399 3,190,525 1,650,000
NET REVENUES OVER (UNDER)
EXPENDITURES (1,275,478)284,472 174,344 207,500
Consolidated Fund Summaries Cont’d
16
FUND ACCOUNT TYPE ACTUAL
2015-2016
AMENDED
BUDGET
2016-2017
PROJECTED
2016-2017
PROPOSED
BUDGET
2017-2018
INTERNAL SERVICE REVENUES 25,439 23,100 7,450 -
EXPENDITURES 26,841 40,000 24,313 -
NET REVENUES OVER (UNDER)
EXPENDITURES (1,402)(16,900)(16,863)-
TIRZ # 1 & # 2 REVENUES --1,381,881 1,458,146
EXPENDITURES --693,813 2,088,715
NET REVENUES OVER (UNDER)
EXPENDITURES --688,069 (630,569)
SPECIAL REVENUE REVENUES 4,255,733 66,300 966,361 57,860
EXPENDITURES 4,667,925 76,828 1,401,201 45,099
NET REVENUES OVER (UNDER)
EXPENDITURES (412,192)(10,528)(434,840)12,761
STORM DRAINAGE REVENUES 330,144 345,625 355,638 538,351
EXPENDITURES 264,627 400,318 441,250 594,322
NET REVENUES OVER (UNDER)
EXPENDITURES 65,517 (54,693)(85,612)(55,971)
VERF REVENUES 590,987 518,781 530,371 1,104,091
EXPENDITURES 969,590 329,728 330,208 478,933
NET REVENUES OVER (UNDER)
EXPENDITURES (378,603)189,053 200,163 625,158
General Fund
General Fund Revenues by Source
18
Revenue Category FY 2018 Proposed % of Total
Property Tax $12,203,683 48.1%
Sales Tax 6,165,834 24.3%
Franchise Fees 1,105,089 4.4%
License, Fees & Permits 3,855,798 15.2%
Charges for Services 405,983 1.6%
Fines & Warrants 419,580 1.7%
Grants -0.0%
Investment Income 147,930 0.6%
Transfers In 896,634 3.5%
Miscellaneous 61,760 0.2%
Park Fees 134,800 0.5%
Revenue Total $25,397,091 100.0%
General Fund Department Appropriations
19
Department FY 2018 Proposed % of Total
Administration $5,652,269 20.5%
Police Services 4,766,256 17.3%
Fire Services 6,450,871 23.4%
Public Works 3,070,913 11.1%
Community Services 3,971,242 14.4%
Development Services 2,669,840 9.7%
Engineering 1,010,769 3.6%
Expense Total $27,592,160 100.0%
Other $1,010,769
Proposed Positions
20*This position will start in October 2017.
Department Proposed Staffing Positions FTE
Town Secretary Office Reclass Administrative Assistant *0.5
Town Secretary Office Reclass Social Media Specialist *0.5
Finance Receptionist 1
Court Court Clerk 1
HR Administrative Assistant *1
Police Records Clerk 1
Fire Firefighter/Paramedics 6
Building Inspection Senior Plans Examiner 1
Code Compliance Health/Code Supervisor 1
Planning Planning Manager 1
Streets Maintenance Worker 2
Park Operations Landscape Maintenance Crew Leader 1
Park Operations Maintenance Worker 1
Library Library Personnel 4
Engineering Senior Engineer 1
Utility Billing Billing Clerk 1
Water Water Quality Technician 1
Water Facilities Maintenance Supervisor 1
Water Utility Worker 1
Wastewater Crew Leader 1
Wastewater Utility Worker 1
Total FTE 29
Major Program Enhancements
21
The major Program Enhancement and Capital Expenditures included in the proposed
appropriations and planned for FY 2017-2018 by Department
Department Enhancements Amount
Administration:First Street ROW Acquisition $1,464,000
Public Works/Streets:Prosper Trail –Coit to Custer $1,378,813
Road improvements –DNT $ 659,184
Maintenance Worker (2)$ 155,112
Police:Police Records Clerk $ 45,135
Special Response Team Equipment $ 105,084
Additional Overtime-Dispatch $ 86,945
Fire:Six Firefighter/Paramedics for Station No. 2 $ 468,756
Fire Station No. 2 Ambulance Equipment $ 123,825
Additional Overtime $ 344,479
Community Services:Preston Rd Monument/Median $ 330,000
US 380 Median Design $ 60,000
Four Staff for Library $ 182,336
Major Program Enhancements Cont’d
22
The major Program Enhancement and Capital Expenditures included in the
proposed appropriations and planned for FY 2017-2018 by Department
Department Enhancements Amount
Water: Land Purchase ($1.1M in Park Ded Fund)$2,000,000
Water Purchase $477,031
Dump Truck $ 133,400
System Repairs $ 50,000
Meter Purchases $ 381,480
Facilities Maintenance Supervisor $ 104,974
Sewer:Sewer Management Fees $ 277,382
Sewer VAC Truck $ 372,900
Crew Leader $ 102,814
Utility Billing:Billing Clerk $ 32,242
Property Taxes
2017 Valuations Overview
Certified Total Taxable (after freeze loss) Increased 22.30%
○Collin County Value $2,719,182,499
○Denton County Value $ 394,824,724
○Total Value $3,114,007,223
Existing Taxable Values Increased 8.45%
○+ 06.11% in Collin County
○+ 33.85% in Denton County
New Construction Totaled $ 352,783,446
○Collin County $244,771,201
○Denton County $108,012,245
24
2017 Valuations Overview Cont’d
2016-2017 2017-2018 Difference Tax Dollars
Assessed Value $3,236,092,432 $3,978,881,859 $ 742,789,427 $ 20,690,186
Freeze Taxable $ 196,365,692 $ 234,171,487 $ 37,805,795 $ 1,217,692
Homestead Exemptions $ 139,092,623 $ 227,972,194 *$ 88,879,571 $1,185,455
Other Exemptions $ 354,490,396 $ 402,730,955 $ 48,240,559 $ 2,094,201
Net Taxable $2,546,143,721 $3,114,007,223 $ 567,863,502 $ 16,192,838
25
* FY 2017-2018 Homestead Exemption increased from 7.5% to 10%
Average Single-Family Home Value
26
Source: Collin CAD and Denton CAD Certified Totals 2008-2017
$342,977 $344,458 $333,084 $324,387
$321,662 $351,317
$378,651
$423,062 $460,766
$495,762
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Ad Valorem Taxes
27
Source: Collin CAD and Denton CAD Certified Totals 2017
2017
Freeze Adjusted Taxable Value $3,114,007,223
Times Total Tax Rate per $100 $0.52
$16,192,838
Times Anticipated Collection Rate 100.0%
Plus Actual Tax from Freeze $1,071,060
Total Tax Levy $17,263,898
One Penny on the Tax Rate Yields $311,401
Property Tax Rate History
28
Fiscal Year
General
Fund I & S Fund Total
2012-13 0.316914 0.203086 0.520000
2013-14 0.326191 0.193809 0.520000
2014-15 0.356301 0.163699 0.520000
2015-16 0.361074 0.158926 0.520000
2016-17 0.367500 0.152500 0.520000
2017-18 0.367500 0.152500 0.520000
As Proposed
0.0 0.1 0.2 0.3 0.4 0.5 0.6
General Fund I & S Fund
Property Tax Rate Comparison I
(2016 Tax Rates)
29
Source: Collin and Denton Central Appraisal Districts.
0.000
0.100
0.200
0.300
0.400
0.500
0.600
0.700
0.800
0.900
Cents per $100
Property Tax Rate Comparison II
30
Source: Collin and Denton Central Appraisal Districts.
Prosper ISD
$1.670000
Town of Prosper
$0.520000
Collin County
$0.208395 Collin College
$0.081222
Average Home Owner
2017 Average Homestead Market Value = $ 495,762
Average Prosper Resident Total Tax Bill –Collin County
31
Note: Average Taxes are computed using 2016 tax rates for all agencies.
Includes possible exemptions with each entity for simplicity.
Taxing Jurisdiction
Tax Rate
per $100
Homestead
Exemption Tax Levy
Prosper ISD $1.670000 $25,000 $7,862
Town of Prosper $0.520000 $49,576 $2,320
Collin County $0.208395 $24,788 $981
Collin College $0.081222 -$403
Totals $2.479617 $99,364 $11,566
Property Tax Rate Scenarios
32
2017 Average Homestead Market Value = $495,762
Tax Rate Scenarios –Homeowner Impact
Current & Proposed Rate $0.520000 -$2,320
Effective Rate $0.450157 -$2,008
Rollback Rate $0.508702-$2,270
Tax Rate Scenarios –Municipal Impact
Current & Proposed Rate $0.520000 -$17,263,898
Effective Rate $0.450157 –($2,174,916) LOSS
Rollback Rate $0.508702 –($ 351,821) LOSS
Water/Sewer Fund
Water/Sewer Fund Revenues by Source
34
Revenue Category FY 2018 Proposed % of Total
Water Charges $10,250,224 61.1%
Wastewater Charges 4,970,539 29.6%
Solid Waste Charges 1,149,760 7.0%
License, Fees & Permits 108,706 0.6%
Penalties 101,075 0.6%
Investment Income 71,421 0.4%
Miscellaneous 117,178 0.7%
Revenue Total $16,768,903 100.0%
Water/Sewer Fund Department Appropriations
35
Department FY 2018 Proposed % of Total
Administration $3,993,280 21.1%
Public Works 7,799,539 41.2%
Debt Service 2,973,872 15.7%
Water Purchases 4,153,586 22.0%
Expense Total $18,920,277 100.0%
Long-Term Issues
and Key Dates
Long-Term Issues
Facility Planning
Infrastructure Needs
Rate/Fee Changes
37
Facilities Planning
38
Town Hall is still on schedule for opening in Spring
2018.
Land purchase in budget for the Parks Operations/
Public Works Complex
Public Safety Complex, Phase 1
Efficiencies and improved customer service will result
from well-planned Town Hall and other facilities
Infrastructure Needs
39
Frontier Parkway (DNT –Preston)
Downtown Street Reconstruction
Eight New Traffic Signals
Fishtrap Elevated Storage Tank
Water Supply Line, Phase 1
Custer Road Additional Pump
Rate/Fee Changes
40
Proposing Rate and Fee Changes for the following:
Three-year Water/Sewer Charges to
Residential and Commercial Customers
Drainage Rate change
Public Works Fees
Health/Food Establishment Fees
Water and Sewer Rates
41
This last winter analysis of a rate increase for water and sewer rates
to be effective October 1, 2017. FEES LAST UPDATED IN 2012.
We requested from the consultants the water and sewer rate model
be updated based on current data with the last 7 months of
consumption and revised CIP schedule.
Proposed budget reflects the proposed water and sewer rate
increase.
On an average residential water/sewer customer bill the increase
reflects a $8.51 a month increase.
On an average commercial water/sewer customer bill the increase
reflects a $14.66 a month increase.
Preliminary –Subject to Change
Town of Prosper
Current Water Rate Structure
Page: 42
Residential Rates Commercial Rates
Minimum Charge Minimum Charge - Meter Size
5/8-3/4"11.12$ 5/8-3/4"8.53$
1" Meter 18.54 1" Meter 14.22
Volume Rate (per 1,000 Gallons)1 1/2" Meter 28.44
0*-10,000 3.74 2" Meter 45.50
10,001 -40,000 5.60 3" Meter 85.31
40,001 -80,000 8.41
80,001 -Above 12.61 Volume Rate (per 1,000 Gallons)
0 -10,000 4.03
10,001 -40,000 5.04
40,001 -80,000 6.29
80,001 -Above 7.87
Residential Water Monthly Rates Commercial Water Monthly Rates
Notes
*The first 2,000 gallons of water are
included in the Base charge for Senior Citizens
Accounts considered to be Outside Town Limits
are charged the same rates as In Town Accounts
New Accounts have 1" Meters or greater
Preliminary –Subject to Change
Town of Prosper
Current Sewer Rate Structure
Page: 43
Residential Rates Commercial Rates
Minimum Charge 22.63$ Minimum Charge - All Meters 25.94$
Volume Rate (per 1,000 Gallons)3.52 Volume Rate (per 1,000 Gallons)4.25
Note 1:
Residential Volumetric Charges are based on Note 2:
the average of water usage in the winter The Town does not assess different rates for
months of December, January & February accounts of any rate class outside of Town limits
Residential Wastewater Monthly Rates Commercial Wastewater Monthly Rates
Preliminary –Subject to Change
$88.75 $96.17
$122.66
$-
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
Prosper 3/4"Prosper 1"Coppell (allres)Colleyville(all res)Fairview (allres)UniversityPark 1"McKinney (allres)Rockwall 1"Keller (allres)Southlake(all res)Murphy 1"Little Elm 1"Monthly Residential Charge Comparison
for Prosper’s Comparison Cities
Page: 44
Comparisons are for typical Residential Usage of 10,000 Gallons water and 5,000 gallons wastewater service. This
comparison Includes 1” meter charges for those comparison providers that have a 1” Residential charge; some have
only one base charge for all Residential accounts and are labeled “all res”.
Preliminary –Subject to Change
4,878
8,151
11,283
-
2,000
4,000
6,000
8,000
10,000
12,000
FY 2013 FY 2014 FY 2015 FY 2016 TY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Historical and Forecast
Total Water Accounts Through FY 2021
Page: 45
Average Annual Growth Rate FY 2016 thru FY 2021= 10.0%
Preliminary –Subject to Change
1,325,241,831
2,359,737,755
-
500,000,000
1,000,000,000
1,500,000,000
2,000,000,000
2,500,000,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026GallonsMinimum Allowance 1,317,827,000
Forecast Water Consumption
Page: 46
Consumption = Projected Annual Metered
Use Plus Estimated Line Loss
Preliminary –Subject to Change
Forecasted Payments to NTMWD and
NTMWD/UTRWD
Page: 47
Preliminary –Subject to Change
Key Assumptions Driving
Financial Forecast and Rate Plan
•Most personnel and operating expenses forecast to increase 3% per year
•Biggest impacts on rate plan: NTMWD/UTRWD cost increases and CIP related debt service
•Water –annual rate increases per NTMWD forecast
•Sewer rates from NTMWD forecast to increase 8% to 10% annually
•Sewer rates from UTRWD forecast to increase 3.5% annually. This will need to be updated in the revised rate model now that we know the increase is 4%.
Page: 48
Preliminary –Subject to Change
No Rate Adjustments
Financial Summary FY 2017 –FY 2026
Page: 49
If the Town could support forecast account growth without issuing any new debt,and did not
increase rates,the current deficit would grow to $10M/yr by FY 2026 due to inflation and pro-
vider increases despite projected account growth and depletion of fund balance by FY 2020.
$12,909,800
$13,580,509
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Revenues Cost of Service
FY FY FY FY FY FY FY FY FY FY
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
(670,709)$ (1,626,487)$ (2,190,961)$ (3,338,724)$ (4,098,647)$ (5,387,326)$ (6,457,513)$ (7,576,281)$ (8,513,584)$ (10,181,102)$
Preliminary –Subject to Change
July 2017 Alternative
Water Rate Plan
Page: 50
SCENARIO:2017 07 26 -- Plan A Effective Effective
Current Oct-17 Oct-18 Oct-19
Water Rates -- Residential
Monthly Charge 5/8" & 3/4"11.12$ 11.90$ 12.75$ 13.90$
1"18.54 19.85 21.25 23.20
Volume Rate Per 1,000 Gal
- 10,000 3.74 4.00 4.28 4.67
10,001 40,000 5.60 5.99 6.41 6.99
40,001 80,000 8.41 9.00 9.63 10.50
80,001 Above 12.61 13.49 14.44 15.74
Water Rates -- Commercial
Monthly Charge 5/8"8.53$ 9.15$ 9.80$ 10.70$
3/4"8.53 9.15 9.80 10.70
1"14.22 15.25 16.30 17.75
1 1/2"28.44 30.45 32.60 35.55
2"45.50 48.70 52.10 56.80
Volume Rate Per 1,000 Gal
- 10,000 4.03 4.31 4.61 5.03
10,001 40,000 5.04 5.39 5.77 6.29
40,001 80,000 6.29 6.73 7.20 7.85
80,001 Above 7.87 8.42 9.01 9.82
Preliminary –Subject to Change
July 2017
Sewer Rate Plan
Page: 51
SCENARIO:2017 07 26 -- Plan A
Effective Effective Effective
Current Oct-17 Oct-18 Oct-19
Wastewater Rates -- Residential
Monthly Base Charge 22.63 25.35 28.40 31.85
Volume Rate Per 1,000 Gal
- Above 3.52 4.15 4.90 5.78
Residential Usage Based on Winter Average
Wastewater Rates -- Commercial
Monthly Base Charge 25.94 29.10 32.60 36.55
Volume Rate Per 1,000 Gal
- Above 4.25 5.02 5.92 6.98
Preliminary –Subject to Change
July 2017 Rate Plan
Impact on Monthly Charges
Page: 52
SCENARIO:2017 07 26 -- Plan A
Effective Effective Effective
Current Oct-17 Oct-18 Oct-19
Residential Monthly Water/WWBill -- 1" Meter
5,000 Gallons W; 5,000 WW 77.47$ 85.98$ 95.57$ 107.30$
Dollar Inc 8.51 9.59 11.74
10,000 Gallons W; 5,000 WW 96.17 105.99 116.98 130.64
Dollar Inc 9.82 10.99 13.66
15,000 Gallons W; 7,000 WW 131.21 144.25 158.84 177.15
Dollar Inc 13.04 14.58 18.31
Commercial Monthly Water/WWBill -- 1" Meter
10,000 Gallons W; 10,000 WW 122.96 137.62 154.22 174.42
Dollar Inc 14.66 16.60 20.20
20,000 Gallons W/ 20,000 WW 215.86 241.70 271.10 307.15
Dollar Inc 25.84 29.40 36.05
53
Water and Sewer Capital Projects
Prior Years 2016-2017 2017-2018 2018-2019 2019-2020
2020-
2021
2021-
2022 2022-2027
WATER PROJECTS
BNSF Railroad PRV's 582,200
Fishtrap Elevated Storage Tank (South)325,700 5,415,000
Fishtrap Elevated Storage Tank Site Acquisition 240,000
Water Supply Line Phase 1 829,850 9,694,479
Water Supply Line Phase 1 Easement Costs 4,141,500
Custer Road Station Additional Pump 134,100 889,350
Lower Pressure Plane Pump Station and Transmission Line 185,100 1,250,000 14,250,000
Lower Pressure Plane Future Expansion (2025)14,000,000
LPP Phase 2 Pipeline Easement Costs 1,487,150
42" Lovers Lane Trasmission Line 42,060 883,530
SEWER PROJECTS
Doe Branch Parallel Interceptor (2018)5,177,341
Doe Branch WWTP 1.5MGD Expansion (2018)20,259,159
Doe Branch WWTP 1.5MGD Expansion (2024)24,190,495
Church / Parvin Wastewater Reconstruction 100,000
La Cima #2 Interceptor (Coit -First)220,000
Public Works Interceptor 1,045,000
Public Works WWTP Decommission 900,000
GRAND TOTAL 809,360 3,778,180 22,877,479 26,336,500 14,250,000 --38,190,495
Preliminary –Subject to Change
Financial Summary FY 2017 –FY 2022
Page: 54
NOTE: This Scenario provides includes funding for Capital Improvements
$12,909,800
$13,580,509
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
2017 2018 2019 2020 2021 2022
Revenues Cost of Service
FY FY FY FY FY FY
2017 2018 2019 2020 2021 2022
Net Revenues (670,709)$ (382,487)$ (404,819)$ 91,171$ 202,581$ 83,791$
Fund Balance 9,195,783$ 8,813,296$ 8,408,477$ 8,499,649$ 8,702,230$ 8,786,020$
Days Op Exp 247 203 162 141 125 110
Debt Coverage 1.25 1.60 1.44 1.53 1.42 1.34
Town of Prosper
•Current fees per month
•$1.85:Single Family Residential (<10,000 SF)
•$4.00:Single Family Residential (≥10,000 SF)
•$0.57 per 1,000 SF impervious area:
•All other non-exempt property
•(Minimum Fee $2.75)
•Exempt Properties:
•Undeveloped
•State
•Public or private institutions of higher education
•Church
•Town property
•Fees Last Updated in 2010
“a place where everyone matters”
55
Drainage Utility System Fees –Residential Tier 1
(<10,000 SF/month = $1.85)
56
Avg.
$4.85
$0
$1
$2
$3
$4
$5
$6
$7
$8
$9
Prosper -$1.85AllenColleyvilleFairviewFlower Mound Frisco (< 5,000 SF)Highland Park (≤ 5,000 SF)McKinneyPlano (< 4,750 SF)SouthlakeAvgFrisco (5,000 –9,999 SF)Highland Park(5,001 –9,999 SF)Plano (4,750 –6,450 SF)Plano (> 6,450 SF)
57
Avg
($8.37)
Drainage Utility System Fees –Residential Tier 2
(≥10,000 SF/month = $4.00)
Avg
$5.68
$0
$5
$10
$15
$20
$25
$30
$35
$40
Prosper -$4.00AllenColleyvilleFairviewFlower Mound (< 1 acre) Frisco (10,000 –20,000 SF)Highland Park (10,000 SF)McKinneySouthlakeAvgFrisco (> 20,000 SF)Highland Park (10,001 –21,800 SF)Plano (> 6,450 SF)Flower Mound (> 5 acres)Flower Mound (1 -5 acres) Avg(without Highland Park (> 21,800 SF)Highland Park (21,801 –43,600 SF)Highland Park(> 43,600 SF)
Avg
$1.08/1,000 SF
58
Drainage Utility System Fees –Commercial
($0.57/1,000 SF/month)
$0.000
$0.200
$0.400
$0.600
$0.800
$1.000
$1.200
$1.400
$1.600
$1.800
$2.000
Prosper (0.57/1,000 SF)Highland ParkMcKinneyPlanoSouthlakeAvg
59
CIP –Drainage Projects
Prior Years 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2027
Amberwood Farms 32,000
Coleman Street Channel Improvements 300,000
Old Town Drainage –Church & Parvin Drainage Impr.500,000
Old Town Drainage -Detention Pond Improvements 1,000,000
Old Town Drainage -Fifth Street Trunk Main 400,000
Old Town Drainage -First & Main Trunk Main 800,000
Old Town Drainage –McKinley &Broadway Trunk Main 600,000
Old Town Regional Detention/Retention -Land Acquisition 365,000 385,000
Old Town Regional Retention -Broadway (Design & Constr.) 200,000 550,000
TOTAL 2,797,000 400,000 550,000 385,000 1,000,000
60
Drainage Utility System
(Stormwater Fund)
ACCOUNT TYPE ACTUAL
2015-2016
AMENDED BUDGET
2016-2017
PROJECTED
2016-2017
PROPOSED BUDGET
2017-2018
PLANNING YEAR
2018-2019
PLANNING YEAR
2019-2020
PLANNING YEAR
2020-2021
PLANNING YEAR
2021-2022
12%10%10%8%8%
Storm Drainage Fees $ 329,139 $ 344,725 $ 342,388 $ 383,475 $ 421,822 $ 464,004 $ 501,125 $ 541,215
Other 0 -
Investment Income 1,005 900 13,250 10,000 12,000 12,500 13,500 14,000
TOTAL REVENUES $ 330,145 $ 345,625 $ 355,638 $ 393,475 $ 433,822 $ 476,504 $ 514,625 $ 555,215
Operating Expenses $ 188,522 $ 181,602 $ 160,016 $ 171,349 $ 175,173 $ 181,181 $ 188,957 $ 194,452
Debt Service $ 167,711 $ 215,148 $ 296,340 $ 332,092 $ 374,783 $ 372,525 $ 411,742
Transfers Out 76,106 51,006 51,006 131,428 129,837 129,837 129,837 129,837
TOTAL EXPENDITURES $ 264,627 $ 400,318 $ 426,170 $ 599,117 $ 637,102 $ 685,801 $ 691,319 $ 736,031
Period Excess / (Deficit)$ 65,517 $ (54,693)$ (70,532)$ (205,642)$ (203,280)$ (209,297)$ (176,694)$ (180,816)
NET CHANGE IN FUND BALANCE $ 65,517 $ (54,693)$ (70,532)$ (205,642)$ (203,280)$ (209,297)$ (176,694)$ (180,816)
BEGINNING FUND BALANCE $ 102,068 $ 167,585 $ 167,585 $ 97,053 $ (108,589)$ (311,869)$ (521,166)$ (697,860)
ENDING FUND BALANCE $ 167,585 $ 112,892 $ 97,053 $ (108,589)$ (311,869)$ (521,166)$ (697,860)$ (878,677)
23%-18%-49%-76%-101%-119%
82 (65)(176)(274)(363)(430)
Town of Prosper
Option 1: Fee Change to Support
CIP –Drainage Projects
“a place where everyone matters”
61
Use Current Fee Proposed Fee
Residential Tier 1 $1.85 $3.00
Residential Tier 2 $4.00 $5.15
Commercial $0.57 per 1000 SF $1.00 per 1000 SF
Residential Tier 1: 5,000 accounts = $5,750/month increase
Residential Tier 2: 1,150 accounts = $1,323/month increase
Commercial: $5,000/month increase
TOTAL = $144,876 annual increase
Option 1: Fee Change to Support
CIP –Drainage Projects
62
Drainage Utility System –Option 1
(Stormwater Fund)
ACCOUNT TYPE ACTUAL
2015-2016
AMENDED BUDGET
2016-2017
PROJECTED
2016-2017
PROPOSED BUDGET
2017-2018
PLANNING YEAR
2018-2019
PLANNING YEAR
2019-2020
PLANNING YEAR
2020-2021
PLANNING YEAR
2021-2022
12%10%10%8%8%
Storm Drainage Fees $ 329,139 $ 344,725 $ 342,388 $ 528,351 $ 581,186 $ 639,304 $ 690,449 $ 745,684
Other 0 -
Investment Income 1,005 900 13,250 10,000 12,000 12,500 13,500 14,000
TOTAL REVENUES $ 330,145 $ 345,625 $ 355,638 $ 538,351 $ 593,186 $ 651,804 $ 703,949 $ 759,684
Operating Expenses $ 188,522 $ 181,602 $ 160,016 $ 171,349 $ 175,173 $ 181,181 $ 188,957 $ 194,452
Debt Service $ 167,711 $ 215,148 $ 291,545 $ 320,713 $ 366,996 $ 357,738 $ 402,063
Transfers Out 76,106 51,006 51,006 131,428 129,837 129,837 129,837 129,837
TOTAL EXPENDITURES $ 264,627 $ 400,318 $ 426,170 $ 594,322 $ 625,723 $ 678,014 $ 676,532 $ 726,352
Period Excess / (Deficit)$ 65,517 $ (54,693)$ (70,532)$ (55,971)$ (32,537)$ (26,210)$ 27,417 $ 33,332
NET CHANGE IN FUND BALANCE $ 65,517 $ (54,693)$ (70,532)$ (55,971)$ (32,537)$ 26,210)$ 27,417 $ 33,332
BEGINNING FUND BALANCE $ 102,068 $ 167,585 $ 167,585 $ 97,053 $ 41,082 $ 8,544 $ (17,665)$ 9,751
ENDING FUND BALANCE $ 167,585 $ 112,892 $ 97,053 $ 41,082 $ 8,544 $ (17,665)$ 9,751 $ 43,084
23%7%1%-3%1%6%
82 25 5 (9)5 21
Town of Prosper
Option 2: Fee Change to Support
CIP –Drainage Projects
“a place where everyone matters”
63
Use Current Fee Proposed Fee
Residential Tier 1 $1.85 $3.85
Residential Tier 2 $4.00 $6.00
Commercial $0.57 per 1000 SF $0.57 per 1000 SF
Residential Tier 1: 5,000 accounts = $10,000/month increase
Residential Tier 2: 1,150 accounts = $2,300/month increase
Commercial: $0/monthly increase
TOTAL = $147,600 annual increase
Option 2: Fee Change to Support
CIP –Drainage Projects
64
Drainage Utility System –Option 2
(Stormwater Fund)
ACCOUNT TYPE ACTUAL
2015-2016
AMENDED BUDGET
2016-2017
PROJECTED
2016-2017
PROPOSED BUDGET
2017-2018
PLANNING YEAR
2018-2019
PLANNING YEAR
2019-2020
PLANNING YEAR
2020-2021
PLANNING YEAR
2021-2022
12%10%10%8%8%
Storm Drainage Fees $ 329,139 $ 344,725 $ 342,388 $ 531,075 $ 584,182 $ 642,600 $ 694,008 $ 749,529
Other 0 -
Investment Income 1,005 900 13,250 10,000 12,000 12,500 13,500 14,000
TOTAL REVENUES $ 330,145 $ 345,625 $ 355,638 $ 541,075 $ 596,182 $ 655,100 $ 707,508 $ 763,529
Operating Expenses $ 188,522 $ 181,602 $ 160,016 $ 171,349 $ 175,173 $ 181,181 $ 188,957 $ 194,452
Debt Service $ 167,711 $ 215,148 $ 291,545 $ 320,713 $ 366,996 $ 357,738 $ 402,063
Transfers Out 76,106 51,006 51,006 131,428 129,837 129,837 129,837 129,837
TOTAL EXPENDITURES $ 264,627 $ 400,318 $ 426,170 $ 594,322 $ 625,723 $ 678,014 $ 676,532 $ 726,352
Period Excess / (Deficit)$ 65,517 $ (54,693)$ (70,532)$ (53,247)$ (29,541)$ (22,914)$ 30,976 $ 37,177
NET CHANGE IN FUND BALANCE $ 65,517 $ (54,693)$ (70,532)$ (53,247)$ (29,541)$ (22,914)$ 30,976 $ 37,177
BEGINNING FUND BALANCE $ 102,068 $ 167,585 $ 167,585 $ 97,053 $ 43,806 $ 14,265 $ (8,649)$ 22,327
ENDING FUND BALANCE $ 167,585 $ 112,892 $ 97,053 $ 43,806 $ 14,265 $ (8,649)$ 22,327 $ 59,504
23%7%2%-1%3%8%
82 27 8 (5)12 29
Drainage Utility System Fees –Residential Tier 1
(<10,000 SF/month)
65
Avg.
$4.85
Option 1
$3.00
Option 2
$3.85
$0
$1
$2
$3
$4
$5
$6
$7
$8
$9
Prosper -$1.85AllenColleyvilleFairviewFlower Mound Frisco (< 5,000 SF)Highland Park (≤ 5,000 SF)McKinneyPlano (< 4,750 SF)SouthlakeAvgFrisco (5,000 –9,999 SF)Highland Park(5,001 –9,999 SF)Plano (4,750 –6,450 SF)Plano (> 6,450 SF)
-$1
$1
$3
$5
$7
$9
$11
$13
$15
Prosper -$4.00AllenColleyvilleFairviewFlower Mound (< 1 acre) Frisco (10,000 –20,000 SF)Highland Park (10,000 SF)McKinneySouthlakeFrisco (> 20,000 SF)Highland Park(10,001 –21,800 SF)Plano (> 6,450 SF)Flower Mound (> 5 acres)Flower Mound (1 -5 acres) Avg(without Highland Park (> 21,800 SF)66
Drainage Utility System Fees –Residential Tier 2
(≥10,000 SF/month)
Avg
$5.68 Option 1
$5.15
Option 2
$6.00
67
Drainage Utility System Fees –Commercial
($/1,000 SF/month)
Avg.
$1.08 / 1,000 SF
Option 2
No Change
Option 1
$1.00 / 1,000 SF
$0.000
$0.200
$0.400
$0.600
$0.800
$1.000
$1.200
$1.400
$1.600
$1.800
$2.000
Prosper (0.57/1,000 SF)Highland ParkMcKinneyPlanoSouthlakeAvg
Town of Prosper“a place where everyone matters”
68
Use Current Fee Proposed Fee
Residential Tier 1 $1.85 $3.00
Residential Tier 2 $4.00 $5.15
Commercial $0.57 per 1000 SF $1.00 per 1000 SF
Proposed to become effective October 1, 2017.
Staff Recommends Fee Change Option 1
Capital Improvement Projects
70
CIP Projects
STREETS
Gates of Prosper, TIRZ No. 1 2,079,632
(Richland Boulevard, Lovers Lane, Detention Pond)
Matthews Southwest, TIRZ No. 2 440,601
(Mahard Parkway)
Frontier Parkway (BNSF Overpass) –($5.86M Town)22,555,000
DNT Southbound Frontage Road (Collin County)9,500,000
Coleman Street (at Prosper HS) –Potential Developer Agreement 700,000
Old Town Streets (Fifth, McKinley) 1,000,000
Fifth Street (Coleman -Church)375,000
Third Street (Main -Coleman)250,000
Eighth Street (Church -PISD) 260,000
Field Street (First -Broadway)250,000
37,410,233
71
ADDITIONAL STREETS
Downtown Enhancements (Broadway)1,650,000
West Prosper Road Improvements 6,781,000
Prosper Trail (Kroger -Coit)3,975,000
Acacia Parkway (Gee Road -Windsong Parkway)1,022,782
13,428,782
Total All Street Projects 50,839,015
CIP Projects Cont’d
72
CIP Projects Cont’d
TRAFFIC
Traffic Signal –Coit Rd & Prosper Trail 220,000
Traffic Signal –FM 1385 & Fishtrap: (TxDOT)125,000
Traffic Signal –FM 1461 & Coit Rd: (TxDOT)125,000
Traffic Signal –FM 1461 & FM 2478 (Custer Rd): (TxDOT)125,000
Traffic Signal –FM 2478 (Custer Rd) & Prosper Trail: (TxDOT)125,000
Traffic Signal –SH 289 & Coleman Rd: (TxDOT)220,000
Traffic Signal –SH 289 & Richland Blvd: (TIRZ #1)220,000
Traffic Signal –US 380 & Lover’s Lane: (TIRZ #1)220,000
1,380,000
73
CIP Projects Cont’d
PARKS
Lakewood Preserve –Developer 483,000
Hays Park –Design (Town)50,000
Star Trail Park #1 –Developer & Park Development Fund 985,000
Whitley Place H&B Trail Extension –Design (Town)70,000
Windsong H&B Trail Phases 3C, 5, 6A, 6B, 7, 8,and 9 –Developer 450,524
Windsong Ranch West Park Land –Study (Town)50,000
2,088,524
74
CIP Projects Cont’d
FACILITIES
Parks Operations and Public Works Complex –Land 4,000,000
Public Safety Complex –Design 1,000,000
Town Hall –Professional Services ($2.241M Overall)200,000
Town Hall –Construction ($19.990M Overall)392,000
5,592,000
75
CIP Projects Cont’d
WATER
Fishtrap Elevated Storage Tank (South)5,415,000
Water Supply Line Phase 1 9,694,479
Water Supply Line Phase 1 Easement Costs 4,141,500
Custer Road Station Additional Pump 889,350
Lower Pressure Plane Pump Station and Transmission Line 1,250,000
LPP Phase 2 Pipeline Easement Costs 1,487,150
22,877,479
WASTEWATER
Gates of Prosper, TIRZ No. 1 38,644
(Middle Doe Branch Line)
Matthews Southwest, TIRZ No. 2 166,492
(Lower Doe Branch Line)
205,136
76
CIP Projects Cont’d
DRAINAGE
Old Town Drainage –Fifth Street Trunk Main 400,000
400,000
Total All CIP Projects 83,382,154
77
CIP Projects Cont’d
78
CIP Projects Cont’d
Taxable Assessed Valuation Assumptions
FYE Annual Growth Projected Values
2017 $ 2,525,224,813
2018 $ 429,670,018 2,954,894,831
2019 354,587,379 3,309,482,210
2020 330,948,221 3,640,430,431
2021 291,234,435 3,931,664,866
2022 314,533,190 4,246,198,056
2023 169,847,922 4,416,045,978
2024 176,641,839 4,592,687,817
2025 183,707,513 4,776,395,330
2026 & after 1%4,919,687,189
CIP Analysis
79
CIP Analysis
80
CIP Analysis Cont’d
81
(1)FY 2017 based on certified values per Denton CAD and Collin CAD websites.FY
2018 is preliminary.Assumes the following growth rates per Town staff:12%
FY2019;10%in FY 2020;8%in FY 2021-2022;4%in FY 2023-2025,3%in FY
2026-2028;and 1%thereafter.Includes estimated effect of the 10%homestead
exemption.
(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.With the
exception of Series 2017,based on projected rates,preliminary,subject to
change.
(4)Estimated.Based on assumed total frozen revenues of $896,810 and projected
pro rata I&S tax rate share of a combined tax rate of $0.52;preliminary,subject to
change.
(5)FY 2017 I&S tax rate is actual.FY 2018 assumed to remain the same.All others
calculated based on 98.5%collections.
Key Dates in Budget Process
September 5
September 12
October 1
82
2nd Public Hearing on Budget
2nd Public Hearing on Tax Rate
Council adopts the FY 2017-2018 Budget
Council sets the 2017 Tax Rate
Council approves Water/Sewer Rates;
Drainage, Public Works, and Health
Inspection Fees
Fiscal Year 2017-2018 begins
Thank You!
Questions?