20211026Welcome to the October 26, 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.
Recognize the Prosper Police Department for receiving
the Law Enforcement Recognition Program re-
designation by the Texas Police Chiefs Association
(TPCA). (DK)
Agenda Item 2.
Consider and act upon the minutes from the October
12, 2021, Town Council meeting. (MLS)
Agenda Item 3.
Consider and act upon a resolution accepting and
approving the 2021 Tax Roll. (BP)
Agenda Item 4.
Consider and act upon approving the purchase of
virtual service cluster storage expansion, from Centre
Technologies, through a Texas Department of
Information Resources (DIR) Purchasing Contract; and
authorizing the Town Manager to execute all related
documents for the same. (LJ)
Agenda Item 5.
Consider and act upon approving the purchase of 15
SCBA’s and 32 air cylinders from Municipal Emergency
Services through the Texas Local Government
Purchasing Cooperative; and authorizing the Town
Manager to execute documents for the same. (SB)
Agenda Item 6.
Consider and act upon authorizing the Town Manager
to execute an agreement between Flex Financial, a
division of Stryker Sales, LLC. and the Town of Prosper,
for a lease program to replace Stryker medical
equipment. (SB)
Agenda Item 7.
Consider and act upon authorizing the Town Manager
to execute a Professional Services Agreement between
LJA Engineering, Inc., and the Town of Prosper, Texas,
related to the design of the Coleman Street Median
Landscaping (Victory-Preston) project and the Prosper
Trail (DNT –700’ East) Median Landscaping project.
(HW)
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.
Agenda Item 8.
Consider all matters incidental and related to the issuance
and sale of the Town of Prosper, Texas General Obligation
Refunding Bonds, Series 2021, including the adoption of an
ordinance authorizing the issuance of the bonds,
establishing parameters for the sale and issuance of such
bonds, and delegating certain matters to the Town Manager
to act on its behalf in selling the bonds; and authorize the
Mayor to execute the attached engagement letter. (BP)
FUND BALANCE AND RESERVE POSITIONING
FUND ACCOUNT TYPE
ACTUAL
2019-2020
AMENDED BUDGET
2020-2021
ACTUAL TO DATE
2020-2021
ADOPTED BUDGET
2021-2022
REVENUES
TOTAL REVENUES 33,181,348$ 36,430,243$ 39,369,218$ 37,297,081$
EXPENDITURES
TOTAL EXPENDITURES 29,139,608$ 38,591,231$ 35,013,587$ 41,142,021$
Net Period Excess/(Deficit) 4,041,740$ (2,160,988)$ 4,355,631$ (3,844,940)$
NET CHANGE IN FUND BALANCE 4,041,740$ (2,160,988)$ 4,355,631$ (3,844,940)$
BEGINNING FUND BALANCE 9,881,492$ 13,923,232$ 13,923,232$ 18,278,863$
ENDING FUND BALANCE 13,923,232$ 11,762,244$ 18,278,863$ 14,433,923$
BALANCE OF UNRESTRICTED FUNDS 13,923,232$ 11,762,244$ 18,278,863$ 14,433,923$
Less: Contingency per Charter 5,827,922 7,718,246 7,002,717 8,228,404
5% Reserve 1,456,980 1,929,562 1,750,679 2,057,101
AMOUNT OVER (UNDER) MINIMUM RESERVE TARGET 6,638,330$ 2,114,436$ 9,525,466$ 4,148,417$
% AMOUNT OVER MINIMUM RESERVE TARGET 23%5%27%10%
AMOUNT OVER (UNDER) IN DAYS OPERATING COST 82 20 98 36
General Fund Summary
NET ASSETS AND RESERVE POSITIONING
FUND ACCOUNT TYPE
ACTUAL
2019-2020
AMENDED BUDGET
2020-2021
ACTUAL TO DATE
2020-2021
ADOPTED BUDGET
2021-2022
REVENUES
TOTAL REVENUES 26,102,101$ 24,504,693$ 26,179,104$ 30,454,845$
EXPENDITURES
TOTAL EXPENDITURES 26,164,371$ 24,593,130$ 22,755,688$ 30,201,240$
Net Income (Loss)(62,270)$ (88,437)$ 3,423,416$ 253,605$
CHANGE IN NET ASSETS (62,270)$ (88,437)$ 3,423,416$ 253,605$
BEGINNING NET ASSETS 6,929,669$ 6,867,399$ 6,867,399$ 10,290,815$
ENDING NET ASSETS 6,867,399$ 6,778,962$ 10,290,815$ 10,544,420$
1.25 times Debt Service Reserve Limit 1.75 1.83 2.78 2.84
AMOUNT OVER (UNDER) IN DAYS OPERATING COST 94 99 163 126
Water and Sewer Fund Summary
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2019-2020
AMENDED BUDGET
2020-2021
ACTUAL TO DATE
2020-2021
ADOPTED BUDGET
2021-2022
REVENUES
TOTAL REVENUES 682,786$ 715,200$ 746,764$ 763,300$
EXPENDITURES
TOTAL EXPENDITURES 527,673$ 648,269$ 561,113$ 1,367,339$
Period Excess / (Deficit)155,113$ 66,931$ 185,651$ (604,039)$
NET CHANGE IN FUND BALANCE 155,113$ 66,931$ 185,651$ (604,039)$
BEGINNING FUND BALANCE 477,466$ 632,579$ 632,579$ 818,230$
ENDING FUND BALANCE 632,579$ 699,510$ 818,230$ 214,191$
AMOUNT OVER (UNDER) IN DAYS OPERATING COST 432 388 525 56
Stormwater Drainage Utility Fund Summary
Refunded Bonds - Principal 5,490,000.00$
Refunded Bonds - Interest to Call Date 88,281.25
Estimated Costs of Issuance 75,000.00
Estimated Use of Debt Service Funds (2,018,281.56)
Rounding (Bonds are sold in $5,000 denominations)0.31
Estimated Refunding Bond Par Amount 3,635,000.00$
General Government approximate Balance of Refunding Bonds 440,000.00$
Water/Sewer approximate Balance of Refunding Bonds 2,655,000.00
Drainage approximate Balance of Refunding Bonds 540,000.00
3,635,000.00$
Refunding - Series 2012 General Obligation Bonds and 2012 Certificates of Obligation
Agenda Item 9.
Conduct a public hearing and consider and act upon a
request to rezone 163.2±acres, from Planned
Development-90 (PD-90) to Planned Development (PD),
to facilitate the development of a single family
residential subdivision with private social club, located
on the north side of First Street, east of Coit Road. (Z20-
0021). (AG)
Agenda Item 10.
Receive an update on the newly established Designated
Developer program. (RZ)
Purpose & Intent:
Provide dedicated assistance to certain projects going
through the development process.
•New to Process/Prosper
•Local Stakeholders
•Downtown Core
•Other
Why not everyone?
Not all customers have the same needs
What does dedicated assistance mean?
•Name
•Contact Info.
•Concern
•Question
•Liaison
•Handoff
What the Program is not:
•Different standards/requirements
•Special exceptions from codes/regulations
•Go to the head of the line
•Circumvent process
•Change in the current workflow process
•Management by Town staff
Superior Customer Service
Constancy of purpose
Value for the Customer
Journey Based Experience
Basis of Program
Continuous Process Improvement/Check in:
How are we doing?
Have we made a difference?
Future Steps:
Monitor and Evolve
Town Hall Honor Walls
Town Hall Honor Walls
IN HONOR OF THOSE WHO SERVED
FROM THE TOWN OF PROSPER FOR
OUR COMMUNITY’S PROTECTION
CEC Participation at Community Events
Executive Session
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 there to.
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.
Adjourn.