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20200811V2Welcome to the August 11, 2020, Prosper Town Council Meeting. Call to Order/Roll Call. 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. Announcements of recent and upcoming events. Presentations. Agenda Item 1. Unity Table Proclamation (RB) Agenda Item 2. Recognition of Bond Committee (CS) 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 3. Consider and act upon the minutes from the July 28, 2020, Town Council Meeting. (ML) Agenda Item 4. Receive the June financial report. (BP) Agenda Item 5. Receive the Quarterly Investment Report. (BP) Agenda Item 6. Consider and act upon an ordinance establishing the 2020 certified appraisal roll. (BP) Agenda Item 7. Consider and act upon scheduling a Public Hearing on the FY 2020-2021 Proposed Budget. (BP) Agenda Item 8. Consider and act upon scheduling a Public Hearing for the FY 2020-2021 proposed tax rate. (BP) Agenda Item 9. Consider accepting submission of the 2020 no-new- revenue tax rate of $0.515548 per $100 taxable value and the voter-approval tax rate of $0.550300 per $100 taxable value. (BP) Agenda Item 10. Consider and act upon authorizing the Town Manager to execute a Professional Services Agreement between Halff Associates, Inc., and the Town of Prosper, Texas, related to the Downtown Monument Project (1922-PK). (DR) Agenda Item 11. Consider and act upon authorizing the Town Manager to execute an Agreement to Contribute Right of Way Funds between the Texas Department of Transportation and the Town of Prosper, Texas, related to the construction of FM 1461 (Frontier Parkway) from SH 289 (Preston Road) to west of County Road 166. (HW) Agenda Item 12. Consider and act upon an ordinance amending the Zoning Ordinance regarding Permitted Uses and Definitions, and Development Requirements, including but not limited to Landscaping, Parking, Screening, and Non-Residential Design and Development Standards. (Z20-0010). (AG) 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 submit it to the Town Secretary prior to the meeting, or address the Council via videoconference or telephone. Regular Agenda Pursuant to Section 551.007 of the Texas Government Code, individuals wishing to address the Council for items listed as public hearings will be recognized when the public hearing is opened. For individuals wishing to speak on a non-public hearing item, they may either address the Council during the Citizen Comments portion of the meeting or when the item is considered by the Town Council. Items for Individual Consideration Agenda Item 13. Conduct a Public Hearing, and consider and act upon a request to modify the development standards of Planned Development-40 (PD-40), for Windsong Ranch, generally to modify the residential development standards, including, but not limited to building material, roofing, window, and building encroachment regulations. (Z20-0015). (AG) PROPOSED DEVELOPMENT STANDARDS •EXTERIOR BUILDING MATERIALS •MINIMUM 8:12 ROOF PITCH o TYPE C –75% o TYPE D –50% o TYPE F –25 % (REMAINDER MINIMUM 3:12) Type A Type B Type C Type D Type E Type F Min. Lot Size (sq.ft.)8,000 9,000 10,500 12,500 6,000 20,000 Min. Lot Width (ft.)60 70 80 90 50 120 PROPOSED DEVELOPMENT STANDARDS •ROOF MATERIAL AND COLOR •SIDE YARD ENCROACHMENT •WINDOW FRAMES •ADDRESS PLAQUES Agenda Item 14. Consider and act upon an ordinance ordering a General Election to be held on November 3, 2020, and authorizing the Town Manager to execute contracts with the Collin County Election Administration, the Denton County Election Administration, and the Prosper Independent School District for joint election services. (ML) •The Prosper Town Council ordered a General Election on February 11, 2020, to be held on the uniform election date in May for the purpose of electing Council members for Place 3 and Place 5. •As a result of the COVID-19 public health emergency, Governor Abbott authorized municipalities to postpone municipal elections until the November 3, 2020, General Election. •The proposed ordinance will order the Town of Prosper General Election to be held on November 3, 2020. •The ordinance also authorizes the Town Manager to enter into contracts with the Elections Administrators of Collin County and Denton County, and with Prosper Independent School District, for joint election services. •The cost of the General Election will be combined with those of the proposed Local Option Election and the proposed Bond Election. •Final cost estimates for the election will not be determined until both counties determine the number of entities who will participate in sharing the election costs. The total cost of the November 2020 election is not expected to exceed $16,000. Voting Dates Early Voting:October 13 –October 30 Election Day: November 3 Prosper Polling Places Town Hall Community Room/Program Room (Collin County voters only) Questions? Agenda Item 15. Consider and take action on an ordinance calling a bond election in the Town on November 3, 2020, and providing for the administration of the election. (CS) Agenda Item 16. Consider and act upon an ordinance ordering a Special Local Option Election to be held on November 3, 2020, for the purpose of legalizing the sale of all alcoholic beverages for off-premise consumption only, and legalizing the sale of mixed beverages in restaurants by food and beverage certificate holders only. (ML) •On June 11, 2020, the Town Secretary received an application to issue petitions for two Local Option Election propositions. •The two current petitions, submitted on July 12, 2020, would legalize in the Town the sale of all alcoholic beverages for off-premise consumption, and to legalize the sale of mixed beverages in restaurants by food and beverage certificate holders only. •The Election Code requires that for a Local Option Election to be held, a petition must be signed by thirty-five percent (35%) of the number of residents who voted in the last gubernatorial election. •The number of signatures required for each petition to be sufficient is 3,186. •Per the Election Code, if a petition bears the required number of signatures, the Town Council is required to call a Local Option Election. •The Town Secretary has certified that both petitions have met the required number of signatures. •Recommend the Council call a Local Option Election on November 3, 2020. Questions? Agenda Item 17. Submission of the FY 2020-2021 Proposed Budget and Budget Message by the Town Manager. (BP) PROPOSED BUDGET AUGUST 11, 2020 FY 2020-2021 Council Budget Priorities 68 •Public Safety •Infrastructure •Conservative approach while making progress •Focus on one-time expenditures for recurring revenue •Control of growth in non-discretionary expenditures •Clear justification for new personnel •Wait on unnecessary items FY 2020-2021 Budget Highlights 69 •No increase in property tax rate •No increase in Utility rates for Town customers •Continued growth in property tax and sales tax •Continued staff additions to Public Safety General Fund Revenue FY 2020-2021 Proposed Budget -$32,381,400 70 General Fund Expenditures by Department FY 2020-2021 Proposed Budget -$32,368,884 71 General Fund Expenditures by Function FY 2020-2021 Proposed Budget 72 2020 Property Valuations •Certified Total Taxable (after freeze loss) Increased 9.32% Collin County Value $3,692,963,062 Denton County Value $ 908,233,239 Total Valuation $4,601,196,301 •Existing Taxable Values Increased $31,571,433 or 0.75% + 0.22% Collin County + 3.34% Denton County •New Construction Totaled $360,557,369 Collin County $196,233,836 (TIRZ #1 new construction value $4,653,250) Denton County $164,323,533 73 Appraised Values History Certified appraised value is $4.601 Billion for 2020. •9.32% increase compared to 2019 value of $4.209 Billion 74 Tax Year 2015 2016 2017 2018 2019 2020 Final Value ($Billions)$2.139 $2.546 $3.114 $3.667 $4.209 $4.601 Value Changes ($Millions)$385.7 $407.2 $567.8 $552.9 $542.1 $392.1 Percentage Change 22.00%19.04%22.30%17.75%14.78%9.32% New Construction Growth $360,557,369 75 Average Single-Family Home Value History (Collin County) 76 Average Single-Family Home Value History (Denton County) 77 2021 Proposed Tax Rate •Proposed Tax Rate Maintenance & Operation $0.3675 / $100 Debt Service $0.1525 / $100 Total Proposed Tax Rate $0.5200 / $100 •No-New Revenue Tax Rate $0.515548 / $100 •Voter-Approval Tax Rate –8%$0.550300 / $100 •Voter-Approval Tax Rate –3.5%$0.533725 / $100 78 Ad Valorem Taxes 2020 Freeze Adjusted Taxable Value $ 4,601,196,301 Times Total Tax Rate per $100 $0.52 $ 23,926,221 Plus Actual Tax From Freeze $ 1,829,771 Total Tax Levy $ 25,755,992 One Penny on the Tax Rate Yields $ 460,120 79 Sales Tax Town levies a total of 2% sales tax on all taxable items sold within its borders. Prosper Economic Development Corporation-Type B levies 0.5%. Third budget season to have the two Public Safety Special Purpose Districts. This helps fund 13 Police officers and 13 Firefighters. (one each transferred from General Fund in FY 2020-2021) Reflected in the budget as Special Revenue Funds: Crime Control and Prevention District –0.25% sales and use tax Fire Control, Prevention, and Emergency Medical Services District –0.25% sales and use tax 80 Sales Tax 8.25% Collected in the Town 81 Sales Tax Historical Collections -1% GF Net of TIRZ 82 Fiscal Year Sales Tax Collections % Change FY 2015-2016 $2,796,393 28.79% FY 2016-2017 $3,509,444 25.50% FY 2017-2018 $4,424,976 26.09% FY 2018-2019 $4,870,250 10.06% FY 2019-2020 Projected $5,566,156 14.29% FY 2020-2021 Proposed $5,733,141 3.00% Supplemental Package Summary General Fund •Supplemental packages have been grouped into requests: •Non-discretionary packages are considered necessary for maintaining service delivery at current levels. These are considered higher priority than discretionary packages. •Discretionary –1 “must do” •Discretionary –2 “should do” •Discretionary –3 “nice to do” •Discretionary –4 removed/revised by department •Budget includes: $1,082,808 one-time costs and $2,147,827 ongoing costs 83 Supplemental Package Summary General Fund 84 One-Time Costs Recurring Costs Package Total Running Total Costs Non-Discretionary $57,615 $551,497 $609,112 $609,112 Discretionary $1,025,193 $1,596,330 $2,621,523 $3,230,635 Requested not funded $403,897 $491,790 $895,687 $4,126,322 General Fund One Time Expenditure History (funded by recurring revenue) FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 $1,670,450 $3,479,688 $3,221,118 $1,805,080 $1,082,808 85 General Fund Non-Discretionary Packages •Senior GIS Analyst and GIS Hosting Services $143,057 •Facility Maintenance Services –Public Safety Facility $202,969 •New Roof at 407/409 East First Street Facility $ 30,000 86 General Fund Discretionary Packages •Police •Two Lieutenants $ 443,618 •Two Public Safety Officers $ 191,390 •One Records Clerk $ 71,793 •Two Communications Officers $ 126,681 •Fire •Three Battalion Chiefs $ 691,865 •One Administrative Assistant $ 45,266 87 General Fund Discretionary Packages -Continued •Parks •Painting 407/409 East First Facility $ 15,500 •Downtown Monument Sign $ 270,000 •Development Services •Development and Permitting Software $ 375,421 •US 380 Intersection Upgrades and Median Lighting $ 105,000 •Administration •Help Desk Technician $ 81,687 •Mobile Mapping and Navigation for Public Safety $ 79,500 88 General Fund 5-Year Budget Summary Outer Year Budget Assumptions •Property Tax Revenue –FY2022-FY2024 6% growth rate; FY2025- 5% growth rate •Sales Tax Growth –FY 2022-2023 5% growth rate; FY 2024-2025- 3% growth •Building Permits Growth –leveled to a normal rate of permits of $2.95M •Inflationary and projected growth •FY 2022-FY 2025 –12 additional Fire positions •FY 2022-FY 2025 –16 additional Police positions 89 General Fund 5-Year Budget Projection 90 Proposed Year 2 Year 3 Year 4 Year 5 Budget Projected Projected Projected Projected FY 2020-2021 FY 2021-2022 FY 2022-2023 FY 2023-2024 FY 2024-2025 Beginning Fund Balance 11,483,495 11,496,011 12,693,985 13,616,148 14,381,844 Revenues 32,381,400 34,211,044 35,572,188 37,097,361 38,472,478 Base Budget Expenditures 29,138,249 31,254,311 32,221,651 33,168,904 34,144,707 Proposed Non & Discretionary Supplements 3,230,635 - - - - 3% Compensation/Operating Inflation 990,392 990,392 1,039,501 1,089,950 Future Police Officers 418,548 727,847 1,042,001 1,370,482 Future Future Fire Fighter Positions 349,820 710,135 1,081,259 1,463,516 Total Anticipated Expenditures 32,368,884$ 33,013,071$ 34,650,025$ 36,331,665$ 38,068,655$ Ending Fund Balance 11,496,011$ 12,693,985$ 13,616,148$ 14,381,844$ 14,785,668$ Change in Fund Balance 12,516$ 1,197,974$ 922,163$ 765,697$ 403,823$ Fund Balance as % of Expense 35.52%38.45%39.30%39.58%38.84% Fund Balance Goal is minimum of 20% Contingency reserves per Charter and additional 5% reserve. Public Safety Personnel Projected vs. Proposed •FY 2021 Original Projected Personnel •Police •3 Patrol Officers •Fire •3 Firefighter/Paramedics •FY 2021 Actual Proposed Personnel •Police •2 Lieutenants •2 Public Safety Officers •2 Communications Officers •1 Records Clerk •Fire •3 Battalion Chiefs •1 Administrative Assistant 91 Water & Sewer Fund Revenue FY 2020-2021 Proposed Budget -$24,504,693 92 Water & Sewer Fund Expenditures by Function FY 2020-2021 Proposed Budget -$24,408,888 93 Monthly Rate Impact –Average Residential Customer •No adjustment to sewer rates in FY 2021 •No adjustment to water rates in FY 2021 •The only proposed adjustment will be to water and sewer rates for customers outside of Town limits. Increasing rate from 1.0 to 1.5 times the in-Town rate. 94 Supplemental Package Summary Water-Sewer Fund 95 One-Time Costs Recurring Costs Package Total Running Total Costs Non-Discretionary $170,000 $1,796,527 $1,966,527 $1,966,527 Discretionary $618,820 $355,015 $973,835 $2,940,362 Requested not funded $173,250 $15,750 $189,000 $3,129,362 Water & Sewer Non-Discretionary Packages •Water •Risk and Resilience Emergency Response Plan $ 130,000 •Water Purchases $1,091,067 •Wastewater •Sewer Management Fees $ 422,460 96 Water & Sewer Discretionary Packages •Water •Water Meters $ 471,250 •Utility Worker $ 47,491 •Public Works Right-Of-Way Inspector $ 99,244 •Wastewater •Odor Control -Lift Stations $ 148,300 •Utility Worker $ 47,491 97 Average Monthly Residential Bill Comparison 98 Compensation and Benefits •Sworn Fire and Police personnel are on a step plan which reflects a 3% increase in the program. •Civilian pay is based on a merit program with an average 3% increase. •The Town’s Texas Municipal Retirement System (TMRS) 2020 contribution rate increased from 13.54% to 13.74% with a funded ratio of 85.5%. 99 Compensation and Benefits •4th year the Town has been self-insured for health benefits. •No Change to Town contribution rates •Health Benefit Plan Savings/Changes: •Recommended 5% increase for employee PPO plan contributions •Elimination of out of network expenses except in emergency situations 100 Compensation and Benefits •Vacancy Management/Salary Savings •Budgeted Savings in FY 2020-2021 –2% salary savings •$343,886 in General Fund •$58,146 in Water/Wastewater Fund •Savings from normal turnover and management control over filling of vacant positions –several vacant positions were frozen during COVID-19 pandemic. These positions are scheduled to be filled by October 1. •Adds additional flexibility to deal with any revenue shortfalls or appropriate to other projects •Proposed positions are budgeted to start between October 2020 and January 2021 101 Proposed Positions 102 Department Proposed Staffing Positions FTE IT Help Desk Technician 1 IT Senior GIS Analyst 1 Police Lieutenants 2 Police Public Safety Officers 2 Police Records Clerk 1 Dispatch Communication Officers 2 Fire Battalion Chiefs 3 Fire Marshal Administrative Assistant 1 Water Utility Worker 1 Water Public Works Right-Of-Way Inspector 1 Wastewater Utility Worker 1 16TOTAL FTE Comparison City Proposed Positions 103 Strategic Planning/Budget Work Session Priorities Goal 1 Maintain Community Character •Goal 1a Ensure Quality Development •Goal 1b Maintain Safety and Security •Goal 1c Provide Efficient and Effective Utilities, Roads and Infrastructure 104 •ICS Mobile Mapping and Navigation for Public Safety •Personnel –Lieutenants, Public Safety Officers, Battalion Chiefs, Communication Officers, Fire Administrative Assistant •Radar Detection Equipment •US 380 Intersection Upgrades and Median Lighting •MTU Programmers (water meters) •Water Meters •SCADA Updates •Odor Control –Lift Stations •Electric Valve Operator, Light Duty Trailer, Gas Detector •Geospatial Data Collector Strategic Planning/Budget Work Session Priorities Goal 2 Maintain a Quality Town Workforce 105 •Help Desk Technician •Police Records Clerk •Utility Workers •Public Works Right-Of-Way Inspector Strategic Planning/Budget Work Session Priorities Goal 3 Ensure Fiscal Stewardship 106 •Financial Software Upgrade •Development and Permitting Software •Remit Plus Check Processing Machine •Court Software Upgrade •Court Desktop Scanners and Police Ticket Writers Strategic Planning/Budget Work Session Priorities Goal 5 Provide Quality Recreation Opportunities and Town Facilities •Goal 5a Maximize Recreation and Leisure Opportunities •Goal 5b Improve Town Facilities 107 •Paint and new roof -407 and 409 E First Street •Downtown Monument Sign •Additional funds to increase Library collection •Additional funds for contract mowing –Prosper Trail •Electrical Panel Replacement –Lakes of Prosper Lift Station Professional/Contractual Services PO Value % Spend PO Value % Spend PO Value % Spend Architectural 1,197,530.94$ 31.12%197,814.79$ 4.72%103,865.00$ 2.41% Engineering 1,791,995.59$ 46.56%2,838,265.55$ 67.72%2,956,036.00$ 68.67% Financial 52,930.00$ 1.38%52,500.00$ 1.25%77,380.00$ 1.80% Grant Services -$ 0.00%19,985.00$ 0.48%18,285.00$ 0.42% Human Resources 20,000.00$ 0.52%64,000.00$ 1.53%35,352.50$ 0.82% Inspection 290,000.00$ 7.54%251,097.50$ 5.99%533,397.00$ 12.39% Lobbyist 39,000.00$ 1.01%72,000.00$ 1.72%72,000.00$ 1.67% Miscellaneous 164,840.70$ 4.28%394,828.36$ 9.42%183,588.00$ 4.26% Town Manager 292,313.00$ 7.60%300,780.00$ 7.18%324,754.44$ 7.54% TOTAL 3,848,610.23$ 4,191,271.20$ 4,304,657.94$ Less unspent in Inspections (48,343.00)$ (80,046.50)$ (498,732.00)$ Adjusted Total 3,800,267.23$ 4,111,224.70$ 3,805,925.94$ SPEND SUMMARY FY 2018 FY 2019 FY 2020 108 Professional/Contractual Services by Fund Fund Total % Spend Fund Total % Spend Fund Total % Spend General 948,816.26$ 24.97%1,124,535.86$ 27.35%708,571.94$ 18.62% Water/Sewer 34,846.59$ 0.92%43,400.00$ 1.06%24,880.00$ 0.65% Debt Service 5,780.00$ 0.15%-$ 0.00%-$ 0.00% Park Dedication 14,200.00$ 0.37%-$ 0.00%-$ 0.00% Park Improvement 67,750.00$ 1.78%88,500.00$ 2.15%24,990.00$ 0.66% Water Impact Fee 131,750.00$ 3.47%-$ 0.00%-$ 0.00% E Roadway Impact 400,000.00$ 10.53%-$ 0.00%39,000.00$ 1.02% W Roadway Impact 251,286.00$ 6.61%41,506.00$ 1.01%130,670.00$ 3.43% Health Insurance -$ 0.00%19,000.00$ 0.46%31,750.00$ 0.83% General Capital Projects 1,810,338.38$ 47.64%1,010,182.84$ 24.57%2,807,689.00$ 73.77% Water Capital Projects 114,500.00$ 3.01%1,745,725.00$ 42.46%-$ 0.00% EDC 21,000.00$ 0.55%38,375.00$ 0.93%38,375.00$ 1.01% TOTAL 3,800,267.23$ 4,111,224.70$ 3,805,925.94$ FUND SUMMARY FY 2018 FY 2019 FY 2020 109 Operating Budget Components Base Budget –example: re-occurring costs, electricity, existing personnel costs. Total: $54,071,564 Non-Discretionary Supplemental Request (“must do”) —examples: external increase in software maintenance fees, water/wastewater charges, changes from state law. Total: $2,575,639 Discretionary Supplemental Request (“must do” and “should do”) —examples: new positions or vehicles, park or public works projects. Total: $3,595,358 Cut Supplemental Request (“should do” and “nice to do”) Total: $1,084,687 110 111 Proposed FY 2020-2021 Revenues by Type *Excludes Transfers Proposed FY 2020-2021 Expenditures by Type 112*Excludes Transfers Proposed FY 2020-2021 Expenditures by Fund 113 CAPITAL IMPROVEMENT PROJECTS 114 Recently Completed & Under Design 115 Recently Completed & Under Design $192,743,697 Completed Next 5 Years 116 Recently Completed & Under Design $192,743,697 Completed Next 5 Years $717,491,866 WWTP Completed Beyond 5 Years Completion Beyond 5 Years $14,000,000 Recently Completed & Under Design $192,743,697 Completed Next 5 Years $717,491,866 WWTP 118 Town CO Debt Other Town Non Town Project Name Funding Funding Funding Fishtrap, Segment 4 (Middle - Elem): (Construction)2,750,000$ Frontier Parkway (DNT - SH 289): (Design & Construction)5,750,000$ 24,162,496$ FM 1461 (SH 289 – CR 165): (TxDOT)175,000$ US 380 (US 377 – Denton County Line): (TxDOT)105,000$ 178,000,000$ FM 2478 (US 380 – FM 1461): (TxDOT)57,000,000$ TOTAL FUNDING SOURCES:8,500,000$ 280,000$ 259,162,496$ TOTAL STREETS PROJECTS: STREET PROJECTS 267,942,496$ 119 Town CO Debt Other Town Non Town Project Name Funding Funding Funding Traffic Signal - Fishtrap & Artesia Boulevard: (Design)25,000$ 25,000$ Traffic Signal - Fishtrap & Artesia Boulevard: (Construction)212,500$ 212,500$ Traffic Signal - FM 1385 & Fishtrap: (TxDOT)250,000$ TOTAL FUNDING SOURCES:-$ 237,500$ 487,500$ TOTAL TRAFFIC PROJECTS: TRAFFIC PROJECTS 725,000$ 120 Town CO Debt Other Town Non Town Project Name Funding Funding Funding Westside Radio Tower for Communications 500,000$ TOTAL FUNDING SOURCES:500,000$ -$ -$ TOTAL FACILITY PROJECTS: FACILITY PROJECTS 500,000$ 121 *Park Development Agreement Town CO Debt Other Town Non Town Project Name Funding Funding Funding Lakewood Preserve: (Construction)*544,500$ Hays Park: (Construction)375,000$ Windsong Park #2: (Design)*30,000$ Windsong Park #2: (Construction)*230,000$ Pecan Grove Park Phase #2: (Construction)575,000$ Windsong Hike and Bike Trail (Phases 5-7): (Design)*40,000$ Windsong Hike and Bike Trail (Phases 5-7): (Construction)*435,000$ Downtown Monument (Broadway/Preston): (Design)75,000$ Downtown Monument (Broadway/Preston): (Construction)195,000$ 185,000$ TOTAL FUNDING SOURCES:-$ 2,499,500$ 185,000$ TOTAL PARK PROJECTS: PARK PROJECTS 2,684,500$ 122 Town CO Debt Other Town Non Town Project Name Funding Funding Funding LPP Water Line Phase 2 Easement Costs 1,000,000$ TOTAL FUNDING SOURCES:-$ 1,000,000$ -$ TOTAL WATER PROJECTS: WATER PROJECTS 1,000,000$ Town CO Debt Other Town Non Town Project Name Funding Funding Funding Doe Branch Parallel Interceptor: (Design)500,000$ Doe Branch Parallel Interceptor: (Construction)3,500,000$ 1,000,000$ TOTAL FUNDING SOURCES:3,500,000$ 1,500,000$ -$ TOTAL WASTEWATER PROJECTS: -$ 123 Town CO Debt Other Town Non Town Project Name Funding Funding Funding Coleman Street Channel Improvements: (Construction)400,000$ Church and Parvin Sanitary and Drainage: (Construction)215,000$ Old Town Regional Retention Pond #2 - Land Acquisition 385,000$ TOTAL FUNDING SOURCES:1,000,000$ -$ -$ TOTAL DRAINAGE PROJECTS: DRAINAGE PROJECTS 1,000,000$ Key Dates in Budget Process August 25 Public Hearing on Budget September 8 Public Hearing on Proposed Tax Rate Council Sets the 2020 Tax Rate Adopt Fee Schedule Changes Council Adopts the FY 2020-2021 Budget October 1 Fiscal Year 2020-2021 Begins 124 Thank you! Questions? 125 Agenda Item 18. Consider and act upon a proposed FY 2020-2021 property tax rate. (BP) Agenda Item 19. Consider and act upon awarding Bid No. 2020-75-B to Mario Sinacola & Sons Excavating, Inc., related to construction services for the Prosper Trail –Coit Rd to Custer Rd 2-Lanes (CIP No. 2008-ST) project; and authorizing the Town Manager to execute a construction agreement for same. (HW) Construction Scope: •Improve the existing two-lane rural asphalt roadway to two-lanes of an ultimate four-lane divided suburban concrete arterial roadway. Including: •Concrete curbs and gutters •Underground drainage improvements along the southern portion, additional improvements will be included when future lanes are constructed Project Location Map:COIT ROADCUSTER ROADGentle Creek Country Club Cockrell Elem. PROSPER TRAIL GENTLE CREEK ESTATES WHISPERING FARMS WHITLEY PLACE LIGHTHOUSE CHURCH Project Construction Cost •Budget is $6.3 Million •Engineer’s Estimate is $6.22 Million •Contractor Bid is just over $5.23 Million (Mario Sinacola & Sons) Project Schedule •Public Meeting held on May 7, 2020 •Town has acquired all necessary right-of-way and easements •Franchise utility relocations are underway and not anticipated to delay project •Construction is anticipated to begin within 30 days and be completed in Summer 2021 (330 calendar days) Agenda Item 20. Discussion on Third Floor Remodeling project and Public Works Modular Building. (RB) Agenda Item 20. Discussion on Third Floor Remodeling project. (RB) Town of Prosper has received CARES Act funds from Collin County and Denton County for COVID-19-related expenses: Denton County $245,300.00 Collin County $1,100,000.00 Total $1,345,300.00 The CARES Act provides that CRF funds may be used to cover costs that: •Are necessary expenditures due to the COVID-19 public health emergency; •Are not accounted for in the most recently approved budget as of March 27, 2020; and •Are incurred during the period of March 1 –December 30, 2020. Third Floor Shell Spaces Town Secretary/ Communications Town Secretary/ Communications Information Technology (IT) Information Technology (IT) HR/Finance HR/Finance Public Works Modular Building Town Secretary/Communications $204,219.70 IT $118,856.50 HR/Finance $131,313.38 Modular Partitions for Shell Spaces $56,232.65 Public Works Modular Building $153,494.00 $664,116.23 Questions and Feedback 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: Section 551.087 –To discuss and consider economic development incentives. 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. Section 551.071 -Consultation with the Town Attorney regarding legal issues associated with alcoholic beverage local option elections and all matters incident and related thereto. 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. The Town Council Meeting will resume after the Executive Session. Reconvene in Regular Session and take any action necessary as a result of the Closed Session. Possibly direct Town staff to schedule topic(s) for discussion at a future meeting. Adjourn.