Harlan Budget Presentation 7-27-21 rev 1Town Council
Update on Funding of Capital Projects and
2020 Bond Program.
July 27, 2021
Approved 2020 Bond Election
•Total Bond Election $210 million
•Three Propositions
•Public Safety -$30 million
•Parks and Recreation -$30 million
•Street and Roadways -$150 million
2
PROJECT DESCRIPTION COST
Central Fire Station
This proposed new Central Fire Station location is on Safety Way directly next door to
the west side of the new police department under construction. The needs assessment
was just received from the architect and is still being reviewed by staff. The building is
estimated at 27,970 square feet that includes over 7,000 square feet of apparatus bays
with under 21,000 square feet of space for the fire station itself, Fire Administration,
Emergency Management, and the Fire Marshal’s Office. It will also house the
Emergency Operations Center.
18,000,000$
Fire Station #4
This location is just west of Cockrell Elementary on Prosper Trail. This site is for the
future Fire Station 4. We believe this fire station will be a smaller fire station with only 2
to 2.5 bays (one of the bays would be a half bay not a pull-through.) A needs
assessment has not been completed but at this time we believe the station will be
approximately 12,000 square feet on the high side.
6,000,000$
Public Safety Training
Facility Phase 1
This location is the site for the future Public Safety Training Facility. This training complex
would be used by Police and Fire. It would be located directly west of the proposed
future Central Fire Station. Phase 1 would include a minimum of a 4 story tower,
associated props, and classrooms.
6,000,000$
TOTAL PROPOSED PUBLIC SAFETY PROPOSITION 30,000,000$
3
4
PROJECT DESCRIPTION COST
Sexton Park -Phase 1
This Community Park is approximately 69.50 acres. The proposed bond funding will be used to begin design and construction
of Phase 1 of the park. Phase 1 is anticipated to include construction of a concession building, restrooms, trails, picnic area,
youth athletic fields sports fields, and parking. Additional funding will be required to complete the project.
13,700,000$
Lakewood Preserve
Phase 2
This large Neighborhood Park is approximately 22.84 acres and currently contains a playground and hike and bike trails
(Phase I). Proposed bond funding would be used to design and construct Phase 2 of the park, completing the project. Phase
2 elements would be: pavilion, sand volleyball courts, basketball court, demonstration garden, parking, and a large area of
lighted practice fields.
2,000,000$
Tanners Mill Park
Phase 2
This Neighborhood Park is approximately 8.8 acres. Phase 1 is currently under construction by the developer and includes
only rough grading and perimeter sidewalks. The proposed bond funding would be used to construct Phase 2 of the park to
include: irrigated open space, backstops, playground, a basketball court, pavilion, picnic tables and benches. Adding these
items would complete the park with elements typically included in Town of Prosper Neighborhood Parks.
1,130,000$
Various Hike and Bike
Tails
This funding will provide for the design and construction of hike and bike trails throughout town. The projects will be based on
the Hike and Bike Trail Master Plan that is scheduled to be adopted this summer. These trails will be ADA compliant and meet
all state and local requirements.
3,400,000$
Un-named Community
Park
This proposed project is intended to provide design and construction of a phase of a Community Park. This could be a future
phase at Sexton Park or a phase at another community park located elsewhere within the Town. The decision of timing and
location would be dependent upon specific need, as well which park location would serve the residents the best.
5,500,000$
Windsong Park #3
This Neighborhood Park is approximately 7.5 acres. The proposed bond funding would fund the design and construction of the
park with elements typically included in Town of Prosper Neighborhood Parks: a large pavilion with picnic tables, parking lot,
picnic areas, an irrigation system, hike and bike trails, security lighting, monument sign, walks, large open space to be used
for youth practice and nature areas.
1,130,000$
Town Hall Open Space
This large open space south of Town Hall is approximately 1 acre in size. The proposed bond funding would be used to begin
design and construction of the open space area. Amenities included with the project would be: a great lawn, benches, tables,
decorative pavement and seating walls. It is anticipated that additional funding may be needed to complete the full
construction of this plaza area.
2,010,000$
Un-named
Neighborhood Park
This proposed project is intended to provide design and construction of a Neighborhood Park in an underserved area. The
specific site has not been identified. The location and timing of design and construction will be based on needs of the Town
due to development patterns. The park would include items typically found in the Town of Prosper Neighborhood Parks: a
large pavilion with picnic tables, parking lot, picnic areas, an irrigation system, hike and bike trails, security lighting, monument
sign, walks, large open space to be used for youth practice and nature areas.
1,130,000$
TOTAL PROPOSED PARKS PROPOSITION 30,000,000$
5
ROADWAY DESCRIPTION COST*
First Street
(Coit - Custer)
Construction: 4-lane ultimate divided roadway with concrete, curb and underground drainage from Coit Road to Custer
Road.21,000,000.00$
Fishtrap Road
(Elem - DNT)
Construction: 4-lane ultimate divided roadway with concrete, curb and underground drainage from Stuber Elementary
School to the Dallas North Tollway.19,000,000.00$
Fishtrap Road
(Teel - Gee Road)
Construction: 2 lanes on north side of divided roadway with concrete, curb and underground drainage from Teel
Parkway to Gee Road to complete the 4-lane ultimate divided roadway.6,500,000.00$
Gee Road
(Fishtrap - Windsong
Retail)
Construction: 2 lanes on east side of divided roadway with concrete, curb and underground drainage from Fishtrap
Road to the Windsong Retail tract to complete 4 lanes. Gee Road to be a 6-lane ultimate divided roadway.3,550,000.00$
Craig Street
(Preston - Fifth)
Design and Construction: 2 and 3 lanes of undivided roadway with concrete, curb and underground drainage from
Preston Road to Fifth Street.2,700,000.00$
First Street
(DNT - Coleman)
Construction: 4-lane ultimate divided roadway with concrete, curb and underground drainage from Dallas North Tollway
to Coleman Road. (Construction of the overpass at BNSF RR not included in this phase)15,000,000.00$
Coit Road
(First - Frontier)
Construction: 4 lanes of 6-lane ultimate divided roadway with concrete, curb and underground drainage from First
Street to Frontier Parkway.20,650,000.00$
Legacy Drive
(Praire Drive -
Fishtrap)
Design and Construction: 4 lanes of 6-lane ultimate divided roadway with concrete, curb and underground drainage
from Prairie Drive to Fishtrap Road. 8,750,000.00$
Parvin Road
(FM1385 - Legacy
Drive)
Design and Construction: Joint project with the City of Celina and possibly Denton County. 4 lane divided concrete,
curb and underground drainage from FM 1385 to Legacy Drive. Parvin Road to be a 6-lane ultimate divided roadway.17,300,000.00$
Teel Parkway
(US 380 - Fishtrap)
Design and Construction: 2 lanes on east side of divided roadway with concrete, curb and underground drainage from
US 380 to Fishtrap Road to complete 4 lanes. Teel Parkway to be a 6-lane ultimate divided roadway.7,200,000.00$
Prosper Trail
(Coit - Custer)
Design and Construction: 2 lanes on north side of divided roadway with concrete, curb and underground drainage from
Coit Road to Custer Road to complete the 4-lane ultimate divided roadway.13,050,000.00$
Coleman Road
(Gorgeous - Prosper
Trail)
Design and Construction: 4-lane ultimate divided roadway with concrete, curb and underground drainage from
Georgeous to Prosper Trail.5,500,000.00$
Coleman Road
(Prosper Trail - High
School)
Design and Construction: 2 lanes on west side of divided roadway with concrete, curb and underground drainage from
Prosper Trail to Prosper High School to complete the 4-lane ultimate divided roadway.3,300,000.00$
Legacy Drive
(Fishtrap - Prosper
Trail)
Design and Construction: 2 lanes on west side of divided roadway with concrete, curb and underground drainage from
Fishtrap Road to Prosper Trail to complete 4 lanes of 6-lane ultimate divided roadway. Blue Star to construct 2 lanes
east side in 2021.
6,500,000.00$
*costs include traffic signals and entryway signage where applicable, and median landscaping (no median street lighting)
TOTAL PROPOSED STREETS PROPOSITION 150,000,000.00$
2020 Bond Election -Major Initial Projects
•Central Fire Station -$18 million in bonds
•Fishtrap Road (Elementary to DNT) -$19.7 million in bonds
•First Street (Coit –Custer) -$19.12 million in bonds
•Teel Intersection Improvements -$1.18 in Bonds
•Lakewood Preserve Park -$2.1 million in bonds
•Tanners Mill Park -$1.03 million in bonds
•Trail Connection Projects -$1.5 million in Bonds
•Sexton Park Design –$1.2 million in Bonds
6
Preliminary Budget -No Tax Increase
•Revenue Growth (Property Tax and Sales Tax)
•Personnel funded from Special Purpose Districts
•Prior year’s use of one-time expense for recurring revenue
•Bond Election Tax Rate Assumptions
7
Property Tax Valuations
8
FY 19/20
ACTUAL
FY 20/21
ACTUAL
FY 21/22
PROJECTION
Taxable Value (Billions)$4.209 $4.601 $5.437
Increase from Prior Year (Millions)$542 $392 $836
Percent Increase 14.8%9.3%18.2%
Property Tax Revenue
9
FY 19/20
ACTUAL
FY 20/21
ACTUAL
FY 21/22
PROJECTION
General Fund Tax Rate 0.3675$ 0.3675$ 0.3385$
Debt Service Tax Rate 0.1525$ 0.1525$ 0.1815$
Total Revenues 0.5200$ 0.5200$ 0.5200$
FY 19/20
ACTUAL
FY 20/21
PROJECTION
FY 21/22
PROJECTION
General Fund Revenue 16,378,589$ 18,230,000$ 19,596,000$
Debt Service Fund Revenue 6,795,141$ 7,545,655$ 10,615,000$
Total Revenues 23,173,730$ 25,775,655$ 30,211,000$
Sales Tax Revenue
10
FY 19/20
ACTUAL
FY 20/21
PROJECTION
FY 21/22
PROJECTION
General Fund 6,096,349$ 7,526,570$ 7,902,899$
Crime District 1,616,291$ 2,002,779$ 2,102,918$
Fire District 1,616,291$ 2,002,779$ 2,102,918$
Total 9,328,931$ 11,532,128$ 12,108,734$
Special Purpose District Personnel
11
License, Fees, and Permit Revenue
12
FY 19/20
ACTUAL
FY 20/21
PROJECTION
FY 21/22
PROJECTION
3% Construction Fee 777,843$ 1,100,000$ 500,000$
Building Permit Fees 4,366,031$ 5,522,525$ 4,168,500$
Other Permit Fees 380,451$ 399,380$ 399,980$
Total 5,524,325$ 7,021,905$ 5,068,480$
Budgeted One Time Expense -Recurring Revenue
13
FY 18/19
ACTUAL
FY 19/20
ACTUAL
FY 20/21
ACTUAL
Initial Budget 5,798,462$ 1,805,080$ 1,091,433$
Budget Amendments 257,368$ -$ 3,721,890$
Total 6,055,830$ 1,805,080$ 4,813,323$
Bond Election Tax Rate Assumptions
14
7.5 Cent Estimate 5 Cent Estimate
2.9 Cent Current
Estimate
Assessed Valuation Growth/Year 1 $375 Million $425 Million $836 Million
Assessed Valuation Growth/Future Year Avg $428 Million $425 Million $450 Million
Interest Rate Estimate
Year 1 3.50%
Years 2-3 3.75%
Years 4-5 4.00%
Years 6-10 4.50%
Year 1 2.50%
Year 2 3.00%
Years 3-10 4.00%
Year 1 2.50%
Year 2 3.00%
Years 3-10 4.00%
CO Sale FY 20/21 $8.524 Million $8.50 Million $7.325 Million
CO Sale FY 21/22 $8.001 Million $7.20 Million $7.20 Million