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20210511Welcome to the May 11, 2021, 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. Present Oaths of Office and Certificates of Election to Craig Andres and Charles Cotten. (ML) 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 2. Consider and act upon the minutes from the April 27, 2021, Town Council meeting. (ML) Agenda Item 3. Receive the Quarterly Investment Report. (BP) Agenda Item 4. Receive the March Financial Report. (BP) Agenda Item 5. Consider and Act upon authorizing the Town Manager to execute an Intergovernmental Joint Use Agreement between the Town of Prosper and the Prosper Independent School District with regard to the Town's use of tennis courts at Rogers Middle School and Rushing Middle School in consideration of waiving tree preservation fees for High School Site Number Three. (DR) Agenda Item 6. Consider and act upon authorizing the Town Manager to execute a Professional Services Agreement between Teague Nall and Perkins, Inc.(TNP), and the Town of Prosper, Texas, related to the Tanners Mill Park Phase 2 (2108-PK). (DR) Agenda Item 7. Consider and act upon authorizing the Town Manager to execute an Escrow Agreement between Blue Star Allen Land, L.P., and the Town of Prosper, Texas, related to the future construction of improvements on Legacy Drive to serve Star Trail Phase 7. (HW) Agenda Item 8. 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, including North Dallas Cemetery, North Preston Village, and Prosper Business Park. (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 9. Conduct a Public Hearing, and consider and act upon a request to rezone Planned Development-86 (PD-86) to Planned Development (PD), on 63.3±acres, to allow for an age-restricted single family detached, condominium development, located on the west side of Custer Road, south of First Street. (Z20-0027). (AG) DEVELOPMENT STANDARD STAFF RECOMMENDATION P&Z RECOMMENDATION 25’ DRIVEWAY LENGTH / “BUILDING SETBACK” REQUIRED NOT REQUIRED BERMS SOUTH OF ENTRY DRIVE REQUIRED REQUIRED SCREENING / FENCING SIMTEC ONLY ALONG WESTERN PROPERTY LINE NORTH OF EASEMENT SIMTEC NOT PERMITTED (WOOD FENCE PERMITTED) SIDEWALK MINIMUM 5’MINIMUM 4’ ARTIFICIAL TURF REQUIRED NOT REQUIRED TREE MITIGATION REQUIRED REQUIRED Applicant’s Presentation Active Adult Home of the Year Builder Neighborhood of the Year Best Architectural Design Best Interior Merchandising -Active Adult- Age Targeted or Age Qualifying 2020 MCSAM AWARDS 245 Single Family Homes Over 3 Miles of Walking Trails Amenities Include The Hub ~4,200 SF Amenity Center Resort Style Pool Shack ~900 SF Amenity Center Pickleball Courts Putting Green Event Lawn Areas Proposed Site 61.28 Acres Flood Plain 5.99 Acres Existing Easements 4.32 Acres Open Space 23.5 Acres SITE PLAN DATAMORE LOCATIONS IN DFW THAN ANY OTHER ACTIVE ADULT BRAND Ladera Keller Ladera Mansfield Ladera Highland Village Ladera Rockwall Ladera Tavolo Park Ladera at the Reserve PROPOSED Ladera Prosper Size 20 acres 115 homes 35.5 acres 186 homes 28 acres 102 homes 38 acres 122 homes 40 acres 186 homes 33.495 acres 159 homes 61.28 acres 245 homes Greenspace 23%31%45%47%40%42%38% Density 5.87 / acre 5.2 / acre 3.8 / acre 3.2 / acre 4.6 / acre 4.78 / acre 4.00 / acre Home Designs 11 designs 30 elevations 15 designs 60 elevations 13 designs 52 elevations 15 designs 60 elevations 15 designs 60 elevations 15 designs 60 elevations 16 designs 63 elevations Home Pricing $260k-$400k+$270k-$400k+$270k-$400k+$270k-$400k+$270k-$400k+$290-$400k+$300k-$400k+ Restrictions Age Restricted Age Restricted Age Restricted Age Restricted Age Restricted Age Restricted Age Restricted Progress Sold out in 3 years! Will be sold out in 3.9 years! Will be sold out in 2.9 years! Construction Started! Approx. 20% Sold Construction Started! Approx. 15% Sold In Development Proposed Guild Quality Customer Satisfaction Score of over 93% More Locations in Dallas-Fort Worth Than Any Other Active Adult Brand CURRENT PROJECT FUTURE PROJECT SINGULARLY FOCUSED ON ACTIVE ADULTS Active Adults Want Low Maintenance •True “lock-and-leave” -green space and home exteriors maintained/managed by COA-Condo Owners Association Smaller, No-Compromise Homes •16 varied floor plans •High-end kitchen with large, open living areas •Extensive interior/exterior customization options Green Space without Backyards •Each home has a well-appointed private courtyard. Community has significantly more common green space Active Lifestyle Amenities •Amenities and activities solely focused on Active Adults •Activity Center “HUB” –Exercise facility, kitchen, gathering space •Outdoor amenities: Pool, Pickle Ball, Firepit, Putting Green, Dog Park •Fitness & walking trails throughout the community •The “Shack”-Additional amenity building for activities & gatherings Safety & Security •Typically a gated community with security cameras To Stay in a Community near Friends, Family, & Grandkids •Infill community marketed locally to retain long-time citizens •Locations near shopping, restaurants, & healthcare THE NEED FOR 55+ HOUSING IN PROSPER Total Prosper Households (HH)9,329 ESRI, 2023 Prosper Under 55 HH 6,344 ESRI, 2023 Prosper 55+ HH 2,985 ESRI, 2023 55+ HH Planning to Move, Nationwide 37% Freddie Mac, 2016 55+ HH Planning to Move, Prosper 1,105 Est. (2,985 x 37%) 55+ HH Moving, Prosper 22% 245 Proposed Homes ÷ 1105 Planning to Move All Prosper 55+ HH 8% 245 Proposed Homes ÷ 2985 Prosper 55+ HH 1,288 5,896 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 55+ 2010 2023 Prosper Population Growth Rates (2010-2023) ESRI 358% Growth CONDOMINIUM COMMUNITY & BENEFITS Stricter Regulations Under Texas Condominium Association Law •State of Texas, Ch. 82, Uniform Condominium Act, provides stricter governance vs HOA: •Control is relinquished from Developer to COA Board at 75% occupancy Reserve Funding & Management Ensure Long-Term Neighborhood Value •50 Year Reserve Study established for guidance of COA •Initial contribution at each home closing ensures strong base of funding •COA maintains all exterior grounds and exterior of each home •COA maintains all common area Amenities; Hub, Pool, Pickle Ball Courts, Shack, other Amenities, Gate/Fencing, Etc. •COA maintains all Streets, since streets are private COA Enforces Regulations •All by-laws and regulations of the COA are monitored and enforced by COA Board and Management Company •COA enforces Age Restriction with Annual Age Census Fees seen as good value by owners •Typical Monthly Dues $315 •Owners perceive good value due to savings on insurance, lawn/landscaping care, pool/amenities maintenance, home maintenance Established Success with COA Communities •Ladera has successfully implemented 5 communities in DFW with this format. •Epcon Communities of Columbus, OH, our Franchise Partner has used this model for over 20 years & 25,000 homes Toscana 2,248 SF 2BR / 2BA 3 Elevations Avanti 1,964 SF 2BR / 2BA 5 Elevations Casina 2,231 SF 2BR / 2BA 5 Elevations Castella 2,419 SF 2BR / 2BA 3 Elevations Verona 2,809 SF 2BR / 2BA 5 Elevations Verona 2-Story 2,146 SF 3BR / 3BA 3 Elevations Ladera Highland Village The Hub Ladera Highland Village The Hub Amenities Ladera Rockwall The Hub The Hub Amenities The Hub Amenities Sample Entryway Feature Proposed Site Plan Ladera Prosper PROSPER HOME SALES PRICE PROJECTION Average Sales Price Average SF Average Price/SF Ladera Prosper Price/SF Premium Sales within last 2 Years* Lakewood $519,000 3,290 $158 27% Whitley Place $740,692 4,275 $173 15% All Prosper $589,895 3,840 $154 30% Current Homes for Sale* Lakewood $498,892 3,364 $148 35% Whitley Place $820,537 4,348 $189 6% All Prosper $567,889 3,584 $158 26% Current Actual Contracts, Ladera Highland Village**$404,207 2,035 $199 Conservative Estimate, Ladera Prosper $413,200 2,066 $200 *Redfin **Ladera Sales Contracts LADERA PROSPER FINANCIAL IMPACT Current PD-65 Brookhollow Zoning Homes 100 Per Land Plan Analysis Average Value $523,567 Total Taxable Value $52,356,700 Less Homestead Exemption ($5,235,670)10% of Value, Assumed 100% of Homes Net Taxable Value $47,121,030 Prosper Ad Valorem Revenue (at $.52/100)$245,029 Proposed Ladera Prosper Homes 244 Average Value $413,200 Total Taxable Value $100,820,800 Less Homestead Exemption ($10,082,080)10% of Value, Assumed 100% of Homes Less Over65 Exemption ($2,440,000)$10K per Home, Assumed 100% of Homes Net Taxable Value $88,298,720 Prosper City Tax (at $.52/100)$459,153 Ladera Prosper Incremental Ad Valorem Revenue $214,124 Potential Tax Impact of Ladera Prosper LADERA PROSPER FINANCIAL IMPACT Potential Tax Impact of Ladera Prosper Homes 244 Tax Value / Home $413,200 Less Homestead Exemption $(41,320) Less Over 65 Exemption $(10,000) Net Tax Value / Home $361,880 Total Net Taxable Value $88,298,720 2020 Tax Rate per $100 Ladera Prosper Tax Revenue Town of Prosper $0.52 $459,153 Prosper ISD $1.67 $1,475,631 Collin County $0.180785 $159,631 Collin College $0.081222 $71,718 Existing Ladera Prosper Ladera Prosper Increase Prosper 2020 Property Tax Revenue $23,370,717 $459,153 2% Population 29,137 400 Tax Revenue / Capita $802 $1,147 143% Ladera Prosper Taxable Basis Property Taxes Generated Comparison LADERA PROSPER IMPACT TO COMMUNITY Community Impact of Ladera Prosper Single Family Ladera Prosper Ladera Prosper Reduction Homes 214 244 Acres 61 61.28 Density 3.5 4.0 People / Home 3.25 1.64 People / Acre 11.4 6.5 -43% Total Population 694 400 294 Cars / Home 2.2 1.4 Trips / Day / Home 10.1 4.9 Trips / Day Total Development 35.4 19.5 -45% Students / Home 0.8 0 Students Total Development 2.8 0 City Services Impact Traffic Impact Schools Impact Section 6.04 Street Flow/Capacity of the Town of Prosper Engineering Designs Standards Table 6.6 –Water Spread Limits for Roadways During 100-year Storm Event states that the Limits of Water Spread for a Residential Road is to top of curb. The street and storm sewer design will be such that an inlet will be located along the lower side of the street at strategic locations to meet this requirement and to avoid any instances where the Limits of Water Spread exceed the top of curb. Typical Street Section Section 6.04 Street Flow/Capacity of the Town of Prosper Engineering Designs Standards Table 6.6 –Water Spread Limits for Roadways During 100-year Storm Event states that the Limits of Water Spread for a Residential Road is to top of curb. The street and storm sewer design will be such that an inlet will be located along the lower side of the street at strategic locations to meet this requirement and to avoid any instances where the Limits of Water Spread exceed the top of curb. Typical Street Section Standard Tahoe is approximately 18’ in length Typical Street Section GARAGE SETBACK DISTANCE BY PLAN Garage Setback By Plan Single Family Actual Garage Setback Distance Palazzo 2’10”24’10” Palazzo Plus 2’10”22’10” Salerno -22’ Portico 2’24’ Portico 2S 2’6”22’6” Torino 2’8”22’8” Promenade -22’ Promenade 2S 2’24’ Verona 2’4”22’4” Verona 2S 2’4”22’4” Casina -22’ Castella 3’2”25’2” Avanti 1’2”23’2” Arabella -22’ Carmina -22’ Toscana 2’24’ Lucera 3’25’ Homes with Additional Setbacks Homes with additional setbacks further than 22’: 44 Homes which could move an additional 1’: 7 Exterior Boundary Fence Simtek Privacy Fence www.certainteed.com/fence/simtek Wrought Iron option where backed up to landscape (Right) Simtek used as the Exterior Boundary Fence. (Below) Simtek Privacy fence used in/as a privacy option. Wrought iron option where backed up to landscape and other areas, such as open or amenity areas. Fencing Around Homes Privacy fencing used between homes that back up to viewpoints Wrought Iron is used for visibility Access gate at the front and rear (Left) Privacy fence is used between homes that back up to viewpoints. Wrought Iron fence is used for visibility to the same areas. (Right) Front fencing detail: All units have an access gate at the front and rear of the yard. Rear privacy fence is part of homes that “back up” to other homes. Side yard Detail Gravel used between homes for drainage. All of our Communities have 100% Exterior Grounds Maintenance (Above) Gravel side yard typical of each home. Gravel side yards are used to facilitate proper drainage & ease the challenge of growing turf with the units 6’ apart. North of Entry Flood Plain Mitigation/Berm Area North Section Cut North Elevation 10 FT TRAIL 6 FT METAL FENCE South Elevation 10 FT TRAIL 3 FT BERM 6 FT METAL FENCE Ladera Flood Plain Mitigation North Side of Creek, Tree Removal Approx. 1457”to be removed with FP est penalties at 1/3 @ 150%, 1/3 @ 200%& 1/3 @ 300% 3193 inches Approx. 492”to be removed with normal mitigation penalties 150-400% 943 inches Estimated total Inches to be Removed 1949” with penalties estimated total is 4136 total inches Approx. 164” to be removed with FP est penalties @ 200% 372 inches Approx. 1105”to be removed with normal mitigation penalties 100 -150% 1785 inches Estimated total Inches to be Removed 1269” with penalties estimated total is 2157 total inches Ladera Flood Plain Mitigation South Side of Creek, Tree Removal Ladera Singles On Average 40% of Homebuyers are Single Average Home Price $356,764 More Than 300 Homes Built for Singles Since 2012 Ladera Highland Village Model Home Ladera Rockwall Model Home 31’ 2% CROSS SLOPE PRIVATE STREET The above picture represents the normal street section for Ladera Prosper. The road willl be 31’ from back of curb to back of curb. Following city ordinances, the street at capacity will have the following hydraulic characteristics at the minimum slope of 1%: QCAP = 24.4 cfs Depth = 0.5 ft VCAP= 3.68 ft/sec 31’ 2% INVERTED PRIVATE STREET STREET F Street F will be the only street that is a 2% inverted road. Street F at 1% and full capacity will have the following hydraulic characteristics: QCAP = 123.5 cfs Depth = 0.78 ft VCAP= 6.61 ft/s To the right is a visual demonstration of what the 100 yr-storm will look like on street F. Street F will have the following hydraulic characteristics: Q100 = 55.1 cfs Depth = 0.54 ft V100 = 4.83 ft/s Even Fido! Our Mission To provide quality, lifestyle-rich homes in a lock-&-leave vibrant community for Active Adults, 55 & over. SOME ADDITIONAL COST ITEMS Additional Infrastructure Lines for Fire Sprinklers Sprinkler System on All Homes •$1.48 Per SF •Avg: +$2,916/home •Total: $711,504 31’ Roads Required •$233,406 Increase •Land Lost: 38,014 SF, Plus Lost Value of Land 2’ Additional Setback •Land Lost: 25,032 SF For every $1,000 increase in home price, 20,000 Texas families are priced out of the market –Travis Clegg, Peloton Land Solutions Agenda Item 10. Conduct a Public Hearing, and consider and act upon an ordinance amending the Thoroughfare Plan to realign segments of Mahard Parkway, Lovers Lane, Prairie Drive, and Shawnee Trail. (CA21-0003). (DH) CURRENT THROUGHFARE PLAN PROPOSED THROUGHFARE PLAN Agenda Item 11. Consider and act upon an ordinance amending Ordinance No. 2020-71 (FY 2020-2021 Budget). (BP) Agenda Item 12. Consider and act upon authorizing the Town Manager to accept a grant award from FHWA Congestion Mitigation and Air Quality (QMAQ) Improvement Program Funds through the North Central Texas Council of Governments (NCTCOG) for Traffic Incident Management Grant (TIM). (SB) Agenda Item 13. Consider and act upon approving the purchase of Thermal Image Cameras and related equipment from NAFECO, Inc., through the Texas Local Government Purchasing Cooperative. (SB) Agenda Item 14. Discussion on Downtown Silos. (HJ) DISCUSSION ON DOWNTOWN SILOS TOWN MANAGER HARLAN JEFFERSON PRESERVE THE SILOS TIMELINE Summer 2020 Notified of sale of property Fall 2020 Discussed options for preserving the silos Winter 2021 Town entered agreement to purchase 2.87 acres and three silos Town 1 st notified public that some of the silos would be removed Spring 2021 Town continued efforts to preserve additional silos Town 2 nd notice to the public that some of the silos would be removed QUESTIONS? 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 551.074 –To discuss and consider personnel matters and all matters incident and related thereto. Section 551.074 -To discuss and consider election of Mayor Pro-Tem and Deputy Mayor Pro-Tem . 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. Agenda Item 15. Town Council Subcommittee Discussion. (RB) Adjourn.