20190122Welcome to the Prosper Town
Council Meeting.
The Regular Meeting will begin
immediately following the
Agenda Briefing.
Town Tax Increment Reinvestment
Zone No. 1 Board of Directors Meeting
January 22, 2019
Agenda Item 1.
Call to order/roll call.
Agenda Item 2.
Invocation, Pledge of Allegiance and Pledge to the
Texas Flag.
Pledge to the Texas Flag
Honor the Texas flag;
I pledge allegiance to thee,
Texas, one state under God,
one and indivisible.
Agenda Item 3.
Consider and act upon approving the minutes from the
January 23, 2018, TIRZ No. 1 Board Meeting.
Agenda Item 4.
Receive the 2018 Annual Report.
TIRZ No. 1
(Gates of Prosper)
During this reporting period, the following buildings received Certificate of Occupancy.
0.00
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
300,000.00
2010 2011 2012 2013 2014
Rollback Tax Revenue
Collin County Collin College Prosper ISD Town of Prosper Total
Tax Increment base and current captured appraised value retained by the zone:
710,455 699,531 774,735
32,655,287
40,776,072
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
2014 2015 2016 2017 2018
Appraised Value
102,457 132,016
29,329 34,862
545,343
680,960
677,129
847,839
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
2014 2015 2016 2017 2018
Property Tax Revenue
Town County PISD Total
Agenda Item 5.
Adjourn.
Town Tax Increment Reinvestment
Zone No. 2 Board of Directors Meeting
Agenda Item 1.
Call to order/roll call.
Agenda Item 2.
Consider and act upon approving the minutes from the
January 23, 2018, TIRZ No. 2 Board Meeting.
Agenda Item 3.
Receive the 2018 Annual Report.
TIRZ No. 2
(Matthews Southwest)
TIRZ No. 2
(Matthews Southwest)TIRZ No. 2
(Matthews Southwest)
•Town Council approved a Development Agreement on October 10, 2017,
with Longo Toyota
•Mahard Parkway is listed as a TIRZ reimbursement eligible capital project
•The actual cost for the design and construction of the roadway is $533,257.74
•Longo Toyota received a roadway impact fee credit of $280,779.25
•The remaining amount, $252,478.76, shall be reimbursed to Longo
Toyota in accordance with the terms of the Development and Financing
Agreement for TIRZ No. 2
Agenda Item 4.
Adjourn.
Town Council Meeting
Agenda Item 1.
Call to order/roll call
Agenda Item 2.
Announcements of recent and upcoming events.
Agenda Item 3.
Presentation of a Proclamation declaring February 2019
as Congenital Heart Defect Awareness Month.
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.
Agenda Item 4a.
Consider and act upon minutes from the following
Town Council meeting.
•Regular Meeting –January 8, 2019
Agenda Item 4b.
Receive the October Financial Report
Agenda Item 4c.
Consider and act upon a resolution approving the Town
of Prosper and Prosper EDC Investment Policy and
Investment Strategy,and approving the list of qualified
brokers/dealers and financial institutions that are
authorized to engage in investment transactions with
the Town of Prosper and Prosper Economic
Development Corporation.
Agenda Item 4d.
Consider and act upon approving the purchase of
computer hardware, from Centre Technologies, Inc.,
through the Texas Department of Information
Resources (DIR) Purchasing Contract.
Agenda Item 4e.
Consider and act upon approving the purchase of one
Caterpillar Skid Steer compact loader, from Holt CAT,
through the Sourcewell Purchasing Cooperative.
Agenda Item 4f.
Consider and act upon whether to direct staff to submit
a written notice of appeal on behalf of the Town
Council to the Development Services Department,
pursuant to Chapter 4, Section 1.5(C)(7) and 1.6(B)(7)
of the Town’s Zoning Ordinance, regarding action taken
by the Planning & Zoning Commission on any Site Plan
or Preliminary Site Plan.
Agenda Item 5.
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.
Agenda Item 6.
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:
6a.Section 551.087 –To discuss and consider economic development incentives.
6b.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.
6c. Section 551.074 –To discuss and review the Town Manager’s performance evaluation.
Agenda Item 7.
Reconvene in Regular Session and take any action
necessary as a result of the Closed Session.
Agenda Item 8.
Possibly direct Town staff to schedule topic(s) for
discussion at a future meeting.
Agenda Item 9.
Adjourn.