07.12.22 Work Session BudgetWelcome to the July 12, 2022,
Prosper Town Council
Budget Work Session.
1
Call to Order/Roll Call
2
Agenda Item 1.
Discuss the Preliminary 2022-2023 Fiscal Year Budget.(BS)
3
Work Session Agenda
•Residential Buildout Forecast & Population Projection
•Financial Policies
•Budget Overview
•Impact of Homestead Exemption on Taxpayer
•Major Projects From Strategic Plan
•Proposed Fee Changes
•CIP Update
4
Fifty-Five Slides in Four Bullet Points
•A little more than half of our growth both in terms of population and
developable land is in the past rather than the future.
•You can’t add a 1/10th of a fire station, library or road widening per year. The
growth occurs incrementally but the response to the growth occurs in large
pieces with the majority of that response still to occur.
•Our largest revenue source, property tax is strictly regulated and must be
carefully managed to ensure a stable, reasonable rate with adequate
resources to add improvements as needed. Managing debt is a major focus.
•The recommended changes to the Financial Policies are mostly about
improving transparency and communications resulting in an improved
understanding of the decisions to be made.
5
Population Projections
6
Methodology for Projecting 2027
•Start with 2022
•Add everything in permitting process or under construction
•For platted SF lots-assume 90% will be complete and occupied
•For SF zoning entitlement & Comprehensive Plan -Boom 75% Recession-
Pause 50%, Recession-Hard 25%
•For Multi-Family with approved site plan 100%
•For Multi-Family Entitlement 50% boom, recession-Pause 30%, Recession-
Hard 20%
•For Commercial based on zoning entitlement, Tollway zone not started until
extension completed.
•Occupancy rates and occupants per unit based on NCTCOG estimate.
7
Map of Remaining Single Family
8
Map of Remaining Multi-Family
9
Map of Remaining Commercial
10
By the Numbers
11
Represents total
projected population
based on current CP,
Plats and zoning
entitlement but will
likely change.
Population Estimates By Year
2022 2023 2024 2025 2026 2027
Boom 35,340 40,045 44,750 49,455 54,161 58,866
Pause 35,340 36,737 38,133 40,926 45,116 49,307
Hard 35,340 36,071 37,716 39,362 41,007 42,652
“Boom” growth occurs evenly consistent with prior years.
“Recession Pause” growth is spread 10%, 10%, 20%, 30%, 30%
“Recession Hard” growth is spread 10% year 1 and 22.5% thereafter
12
Reflects how much of
the 67,501 staff
believes will occur in
the next five years
under each scenario.
Prosper 2022 vs. 2027
2022 2027-Boom 2027-Recession Pause 2027-Recession Hard
Single Family Units 10,502 15,927 14,119 12,310
Multi-Family Units 996 3,589 2,552 2,033
Commercial Square Footage
Single Family Population 33,673 50,568±44,828±39,084±
Multi-Family Population 1,753 6,298±4,479±3,568±
Total Population 35,430 56,866±49,307±42,652±
Percentage Population Growth 60.5%39.2%20.4%
13
Building the Five-Year Staffing Plan
•Upon receiving council direction regarding which growth
scenario to use, staff will:
•Build the staffing plan year by year based on growth projections and
projected completions of infrastructure and facilities
•Use a holistic approach that considers inter-relationships between
departments. Staffing will start with the line departments and then
layer on the needed support from the internal service departments
•Provide department staffing per 10,000 population comparisons to our
benchmark cities
•Staffing needed to man facilities not expected to be built by 2027 will
be provided as a “below the line” reminder of future needs
14
Financial Policies and Concepts
15
Financial Policies
•Initial Assignment Upon Hire-Review all Town Financial Policies and
Recommend Enhancements
•All findings and recommendations were discussed with Finance Committee at
two separate meetings and Council has been provide presentation slides and
red-line version of recommended policy changes
•Key Observations:
•A Comprehensive set of Policies for a Town the size of Prosper was in 2017 is
impressive and Town’s finances are well managed
•Recommended changes are more about:
•Improving transparency, communication and understanding for council and citizens
•Reflecting significant environmental changes occurring since 2017 in SB 2 and Bond Election
•Reflecting changes in circumstances and creating a focus on achieving long-term goals
•Substance of most policies remain unchanged
16
Key Concepts
•Senate Bill 2 enacted in 2019 makes it imperative that the Town manage and
preserve its Operations and Maintenance (O & M) tax rate if it is to
accomplish its long–term goals regarding service levels and amenities
•Relatively high debt levels and significant capital needs will continue to exert
financial pressure on the Town.
•Balancing debt service rate and O & M tax rates will need to be a strong
focus for the foreseeable future
•This can only be accomplished by:
•Keeping General Fund operations lean, and
•Using M & O rate not needed for current operations to reduce debt issuance needs
•Ultimately using the O & M rate to fund operations that are built after revenue growth slows
17
Senate Bill 2 Impact
•For the average taxpayer the Town has a single tax rate of 51 cents
per $100 of valuation and a single resulting tax bill
•State Law, however, divides the total tax rate into two distinct
categories: Debt Service and everything else (known as M & O)
•Each category has very specific requirements in terms of how
calculated. Debt Service:
•No real rate limit or limit on annual increase in the levy
•Debt Service must meet strict definition of formal indebtedness with a pledge
to repay through tax revenue
•Debt Service fund balance is also strictly regulated and debt service levies
collected years after the debt service has been paid will reduce the next
year’s rate.
18
Senate Bill 2 Impact (Continued)
•Maintenance & Operations (M & O)
•M & O imposes a 3.5% cap on tax revenue from existing values (if existing values increase
more than 3.5%, you must lower the rate proportionally)
•State law does provide that if you increase taxes on existing base less than 3.5%, it can be
carried over for up to three years as “unused increment”
•There is no limit on how much tax revenue can increase from new construction each year as
new residents require services
•The new revenue to pay for required infrastructure and services is received incrementally and
long before a municipality needs or is able to spend it. You don’t add a tenth of a fire station,
sports complex, recreation center or library a year.
•Most common use of M & O is to fund operations but other common uses include Section 380
grant incentives and capital dedicated levies.
•SB 2 in essence creates a “one way” door in that there is no limit on how much of the M & O
rate that can be transferred to Debt Service but transferring rate no longer needed for DS back
to M & O is subject to the cap and almost impossible.
19
Senate Bill 2 Impact (Continued)
•Often, many amenities are not added until after growth has slowed
and the majority of Assessed Valuation (AV) increases are subject to
the 3.5% cap.
•Not planning for future amenities fueled by the growth could result in
the need to raise the tax rate in future years or go without the
amenities.
•Five and ten-year planning horizons must be used to ensure future
needs are anticipated and planned for.
20
Planned Facilities and Future Staffing Levels
•Initial five-year staffing requests are 232 or a 75% increase over FY 2022
authorized positions of 307.
•Many facilities driving staffing levels are not in the current bond package and are
likely to not be complete until after new growth plateaus and is a much smaller
percentage of total AV and additions must be funded from other sources such as
M & O rate increase, increases in existing AV (capped at 3.5%), Sales Tax
increases, user fees etc.
•Fire Station 5
•Library
•Recreation Center
•Senior Center
•Public Works and Parks Maintenance Service Center
•This natural mismatch between when the growth occurs and when the related
infrastructure, facilities and staffing impact the budget creates major financial
strains for rapidly growing municipalities.
21
High Debt Levels & DS Rate at Maximum
Slightly above DS rate policy target of 35% of total rate
Debt burdens high relative to national medians
0
1
2
3
4
5
6
Per Capita Direct Debt Direct Debt as a % of AV Direct Debt/Operating
Revenues
Moody’s Medians for Aa1 Cities
Prosper Moody's
0.78X
$5300
$1600
3.2%
1.0%
3.2X
22
Tax Rate by Category
Fiscal Year M & O Debt Service Total DS as % of Total
2016 36.1074 15.8926 52.0 cents 30.56
2017 36.75 15.25 52.0 cents 29.32
2018 36.75 15.25 52.0 cents 29.32
2019 36.75 15.25 52.0 cents 29.32
2020 36.75 15.25 52.0 cents 29.32%
2021 36.75 15.25 52.0 cents 29.32%
2022 32.8 18.2 51.0 cents 35.68%
The M & O rate available to fund General Fund operations was lowered 3.95 cents or 10.7 % in 2022.
This lower rate now becomes the new base for the SB 2 calculation for FY 2023.
23
Debt Levels (continued)
•Debt Rating agencies evaluate debt service to operating tax rates to ensure
that an entity issuing debt will have sufficient operating funds to maintain
and staff the facilities the debt is used to construct.
•Current policy creates a ratio of Operations to Debt Service levy of 65/35.
Staff is recommending that be changed to 60/40 effectively creating a
maximum Debt Service tax rate cap of 20.4 cents at the current 51 cent
rate.
•However, with $190 million of authorized but unissued and planned
issuances of $30-40 million per year, it will be difficult to stay under the
20.4 cents cap as outstanding debt will be growing faster than Assessed
Valuation increases.
•Debt levels must be carefully managed and “just in time” strategies to
reduce the amount of unspent proceeds must be used.
•Inflationary pressures seen in recent bid openings are an added challenge.24
New Construction as a % of AV Increase
0
20
40
60
80
100
120
2019 2020 2021 2022
% AV from Growth
% AV from Growth
78%
113%
56%
Note: 2021 values are skewed as
they were based on certified
estimates due to pandemic.
59%
General Fund property tax revenue growth has been funded primarily from new construction but as the Town’s
existing base gets larger this will naturally decrease over time. 25
Staff Recommendations-Financial Policies
•Fund Balance
•Reduce references to GAAP and simply state “Unassigned Fund Balance” as
defined in GASB 54.
•Mention GFOA Best Practices for both General Fund and Enterprise Funds and
state that staff should annually review the adequacy of Fund Balance targets
during budget process using the criteria described in the Best Practices.
•Audit
•Require auditor to have local government expertise by:
•Being a member of the AICPA Government Audit Quality Center
•Having at least ten local government audit and single audit clients
•Emphasize that auditor is interviewed and selected by the Finance Committee
and approved by council
•That the General Fund Budget and Actual Statement will be included as a Basic
Financial Statements and included in the audit opinion
26
Staff Recommendations-Financial Policies
•Financial Management-Tax Rate
•Create category of O & M levy entitled Capital Dedicated/Future Facility Staffing
•Protect the O & M Rate using unused increment, gradually raising Homestead
Exemption and even raising the rate when allowed by SB 2 by shifting Debt Service
tax rate to O & M.
•Given the difficulty in increasing the O & M rate, consideration should be given to
raising the DS rate (provided it still complies with 40% cap) rather than transferring
rate from M & O
•Financial Management-Budget
•Require budgetary reporting to distinguish between recurring and non-recurring
revenues and expenditures.
•Require recurring expenditures to be balanced to recurring revenues
•Require total expenditures and transfers to be limited to total revenues, one-time
sources and excess fund balance.
•Revise multi-year presentation so that it clearly shows the recurring expenditure
growth pressure in future years.
27
Staff Recommendations-Financial Policies
•Contingent Budget Policy
•State commitment to a structurally balanced budget
•Budget balancing techniques should not sacrifice ability to accomplish long-
term goals such as:
•Consider pausing debt issuance if issuance would add significantly to needed
DS tax rate
•Consider re-prioritizing projects so that the only debt issued will not be for
projects with operating impacts
•If growth on existing base allows the M & O rate to be increased and there is
excess DS rate consider transferring rate to M & O with no impact to total rate
•Capital Planning-No recommended changes.
•VERF-No recommended changes
28
Upcoming FY 2023 Budget
29
Budget Overview
•Budget Calendar
•Revenue Assumptions
•Overview of Revenue and Expenditures
•Non-Discretionary and Discretionary Requests
•Impact of Homestead Exemption on Taxpayer
•Major Projects from Strategic Plan
•Proposed Fee Changes
30
FY 2022 -2023 Budget Calendar
•July 25, 2022 Appraisal District Required to Certify Tax Roll
•July 25-August 5th Complete Preliminary Budget
•August 9, 2022 Staff presents Preliminary Budget
Certified Collection Rate/Certified Appraisal Roll and
Proposed Property Tax Rate is adopted by Town Council to
initiate required advertising
•August 17, 2022 Finance Subcommittee Reviews Proposed Budget
(Date Tentative)
•August 23, 2022 Town Council Meeting –Budget Public Hearing (if desired)
•September 13, 2022 Tax Rate & Budget Public Hearing (only one required)
Adopt Budget and Tax Rate
•October 1, 2022 New Fiscal Year Begins
31
Revenue Assumptions
•Property tax –Revenue projections based on projected certified estimates
from each appraisal district.
•Sales tax –Year to date based on actual with remainder of this year
projected at 7.5% month over month for same period last year; Next year
projected on FY22 projection plus 5% growth.
•Residential Building permits –Projecting 800 SFR permits for next year;
$2.2m ($1.7m performed in-house plus $500k BV pass-thru) in commercial
revenue.
•Franchise Fees –There are 6 different revenue accounts in this category.
Although this category is increasing by 5% in total, increase is due almost
exclusively to population growth rather than increases on existing base. As
a result, some revenues are increasing while others are decreasing.
32
FY 2023 General Fund Projections as of June 30, 2022
Projected recurring
surplus before recurring
portion of Discretionary
Packets and capital
dedicated tax levy
33
Property Tax for GF
assumes current rate of
32.8 cents. Given planned
debt issuance it may be
necessary to transfer
some M & O rate to DS
rate.
Proposed fee changes not
included in these
projections.
FY 2023 General Fund Projections as of June 30, 2022
Total available to be
spent with approximately
$7.5 M limited to one-
time uses
34
FY 2023 General Fund Projections as of June 30, 2022-All Discretionary Packets Funded
Total recurring available
after funding all
discretionary packets.
35
36
Approximately $3.2 M
of excess Fund
Balance available to
be spent after all
discretionary packets
are funded.
FY 2023 General Fund Projections as of June 30, 2022-All Discretionary Packets Funded
37
FY 2023 Water & Sewer Projections as of June 30, 2022
38
Water & Sewer Projections after all Discretionary Packets are Funded
Non-Discretionary Requests
•Requests for expenditures required by federal or state regulations,
Town ordinance or policy,or reflect changing economic conditions
such as inflation.Denial of these items would reduce the current
level of service provided to citizens or leave the Town in non-
compliance of a mandated regulation.These requests are considered
higher priority than discretionary requests.
•General Fund Non-Discretionary Requests =$1,591,880
39
Discretionary Requests
•Requests for proposed expenditures to enhance service levels, add new
programs or services, acquire capital items, or add employees.
•Discretionary Requests are grouped into different levels
•Discretionary 1 –“Must do” Necessary to meet council strategic goals or to remain
competitive and meet customer service expectations.
•Discretionary 2 –“Should do” More discretion on timing and allows Town to be
more proactive rather than reactive.
•Discretionary 3 –“Nice to do” Reflects long-term strategic goals and visions
without consideration of resource constraints.
•General Fund Discretionary Requests = $10,797,586
•Recurring Expenditures = $6,719,244
•Non-recurring Expenditures = $4,078,342
40
•Collin County Average market value -$786,044
•Collin County Average taxable value -$552,621
•Denton County Average market value -$635,801
•Denton County Average taxable value -$493,609
•Total single family residential –9,563
•Total residences qualifying for homestead –8,067
•Average market value -$753,116
•Average taxable value –$539,331
•Average homestead exemption reducing taxable value by $94,150
•The homeowner will save approximately $480 annually which is an
increase of $96 over the 10% exemption
Impact of Homestead Exemption on Taxpayer
41
Tax Rate Comparison with Homestead Exemption
* Entities have an over 65/disabled tax ceiling
Entities that offer a homestead exemption; Tax rate adjusted accordingly
42
Strategic Planning Budget Consideration Items
ACTION ITEM ITEM FOR CONSIDERATION TOTAL COST NET ONGOING
New ERP Enterprise Resource Planning (ERP) Software System $708,000 $583,000
Central Fire Station Three Captain/Paramedics $451,231 $428,749
Central Fire Station Three Driver/Engineers $401,897 $392,523
Central Fire Station Nine Firefighter/Paramedics $1,044,857 $976,914
Frontier Park Entry/Exit
Options
Frontier Park Emergency Access $150,000 $0
Alternative Policing Model Stratified Policing Accountability Model $53,000 $0
Parks and Recreation
Accreditation
CAPRA Accreditation –NRPA Presentation $5,500 $0
Parks and Recreation
Accreditation
Contract Labor CAPRA/Recreation Programming $30,000 $20,000
Parks and Recreation
Accreditation
CAPRA Accreditation Travel $3,805 $0
Downtown Pond
Improvements: Design
Downtown Pond Improvements $300,000 $0
43
Staff Recommendations-Budget
•Five Year Staffing Plan will be generated following direction from
Council regarding appropriateness of the growth assumptions
•Year One of the staffing plan will be the staffing discretionary packets
included in the 2023 budget.
•Staff is recommending that a separate Solid Waste Fund be created to
better track the total cost of providing those services.
•Staff hopes to provide additional analysis regarding municipal cost of
service, tax wealth comparisons, cost and expiration dates of Section
380 grants and staffing levels regarding benchmark cities.
44
Request for Council Direction
•Is Council satisfied with basic assumptions and direction?
•If it is not possible to issue the proposed amount of debt without
raising the DS tax rate, should staff build the budget:
•By shifting the required amount of tax rate from M & O
•Propose delaying least impactful project
•Propose raising the DS tax rate by no more than one cent per hundred
•Is council comfortable enough with proposed policy changes that
Finance Committee can perform one last review prior to council
adoption?
•Are any additional items needed prior to presentation of the
preliminary budget?
45
Proposed Fee Changes
46
Development Services (Building) Fees -1 of 2
Item for Consideration Current Fee Proposed Fee Proposed Increase
Accessory Permit:$60 + $30/inspection $.75/SF + $75 SEE Example
Example: 12' x12' arbor w/o
gas/electric $150 $183 $33
Residential Addition/Alteration:$.10/SF + $30/inspection $.75/SF + $75 SEE Example
Example: 800 SF Addition $430 $675 $245
After-hours Inspection:$30 $50/hour with a
2-hour minimum $70
Demolition Permit:$20 $50 $30
Fence and Irrigation Permits:$30 $50 $20
Misc. Inspection:$30 $50 $20 47
Item for Consideration Current Fee Proposed Fee Proposed Increase
Construction Trailer:$80 $100 $20
Sign Permit:$75 $100 $25
Revision:$0 $50/hour with a
2-hour minimum $100
Multiple Round Review Fee:$0 $50/hour with a
2-hour minimum $100
Building Minor (Residential only):$0 $75 $75
Plumbing, Electric, Mechanical
Minor (Residential only):
$30 + $30/inspection
($60 typical)$75 $15
Solar
(Residential only):
$30 + $30/inspection
($120 typical)$150 $30
Generator
(Residential only):
$30 + $30/inspection
($150 typical)$150 $0
Flatwork (Residential only):$20 $50 $30
Development Services (Building) Fees -2 of 2
48
Item for Consideration Current Fee Proposed Fee Proposed Increase
Temporary Health Permit Fee:$50 $75 $25
Reinspection Fee:$50 $100 $50
Development Services (Health) Fees -1 of 1
49
Item for Consideration Current Fee Proposed Fee Proposed Increase
Civil Plan Review Fee
Residential Development:$150 $500 + $25/lot SEE Example
Example: (Small) 42 lots/12 acres $150 $1,550 $1,400
Example: (Large) 147 lots/42 acres $150 $4,175 $4,025
Non-Residential Development:$150 $500 + $200/acre SEE Example
Example: (Small) 1 acre tract $150 $700 $550
Example: (Large) 15 acre tract $150 $3,500 $3,350
Engineering Services Dept. Fees –1 of 2
50
Item for Consideration Current Fee Proposed Fee Proposed Increase
Land Disturbance Permit Fee
Single Family Residential Lot:$0 $50 $50
Tracts <1 Acre:$0 $50 $50
Tracts >1 Acre:$0 $200 $200
Floodplain Study Review Fee
Floodplain Reclamation Only:$0 $500 $500
Flood Study Review Fee
(change current process to
require $3,000 deposit):
Actual Third Party
No Admin Fees
Actual Third Party +
$150 Admin/Sub
(2 Submittals typical)
$300
Engineering Services Dept. Fees –2 of 2
51
Item for Consideration Current Fee Proposed Fee Proposed Increase
Inspection and Permit Fee
Residential Fire Sprinkler System:$175 $200 $25
Fire Sprinkler System:$275 $300/Riser $25/Riser
Fire Suppression Systems (Special Hazards):$275 $300/Riser $25/Riser
Fire Alarm System:$275 $300 $25
Fire Alarm Modification:$275 $300 $25
Fire Pump:$275 $300 $25
Fire Sprinkler Underground:$275 $100 $-175
Remote FDC:$275 $100 $-175
Expediated Plan Review (72 HRS Small
Projects Less Than 20,000 sq. ft):$0 $500 $500
Propane Exchange Site:$25 $100 $75
Controlled Access System (Gates/Doors):$75 $100 $25
Fire Department Fees -1 of 2
52
Item for Consideration Current Fee Proposed Fee Proposed Increase
Inspection and Permit Fee -continued
Compressed Gases:$0 $100 $100
Tents:$0 $50 $50
Fire Lane Repair/Modification/Alteration:$0 $100 $100
Construction Permit Not Listed in Fee
Schedule:$0 $100 $100
Operational Permits:$0 $100 $100
Working Without A Permit:$2,000 with
Citation
Double Permit
Fee
Double Permit
Fee
Standby Personnel for Fireworks and
Special Events (4 HR Minimum):$55/hour $65/hour $10/hour
Plan Review Fee
Plan Review Fee Revisions:$47/hour $100 $53
Fire Department Fees -2 of 2
53
Library Services Department Fees -1 of 1
Item for Consideration Current Fee Proposed Fee Proposed Increase
Printing Fee:$.10/Page $.20/Page $.10/Page
54
Item for Consideration Current Fee Proposed Fee Proposed Increase
Sec. XIV –(B) Damages to meters/equipment
5/8-inch PD:$340 $245 $-95
3/4-inch PD:$340 $335 $5
1-inch PD:$412 $335 $-77
1-1/2-inch PD:$614 $638 $24
2-inch PD:$800 $767 $-33
1-1/2-inch turbine (irrigation):$625 $869 $244
2-inch turbine (irrigation):$797 $916 $119
14 x 18 inch meter small box:$ 164 $200 $36
14 x 18 inch meter small box & MTU:$279 $360 $81
18 x 24 inch meter large box:$267 $383 $116
18 x 24 large meter box & MTU:$382 $425 $43
Public Works Department Fees -1 of 6
55
Item for Consideration Current Fee Proposed Fee Proposed Increase
Sec. XIV –(B) Damages to meters/equipment
Replace readable register:$239 $250 $11
Replace damaged/unreadable register:$500 $747 $247
Transmitter (MTU):$239 $374 $135
Transmitter (MTU) dual:$269 $0 $-269
3-inch turbine meter:$881 $1,636 $755
4-inch turbine meter:$1,439 $2,136 $697
6-inch turbine meter:$2,463 $3,627 $1,164
3-inch compound meter:$2,206 $4,975 $2,769
4-inch compound meter:$2,911 $5,600 $2,689
6-inch compound meter:$4,711 $7,636 $2,925
Public Works Department Fees -2 of 6
56
Item for Consideration Current Fee Proposed Fee Proposed Increase
Sec. XIV –(B) Damages to meters/equipment
Replace 5/8 or 1-inch meter, MTU, register &
small box:$559 $711 $152
Replace MTU, register & small box:$394 $511 $117
Replace 5/8 or 1-inch meter register & small box:$444 $596 $152
Replace 5/8 or 1-inch meter MTU & small box:$444 $596 $152
Replace 5/8 or 1-inch meter & MTU:$404 $458 $54
Replace 5/8 or 1-inch meter & small box:$329 $368 $39
Replace MTU & small box:$277 $320 $43
Replace register & small box:$279 $315 $36
Replace 5/8 or 1-inch meter & register:$404 $470 $66
Replace register & MTU:$354 $363 $9
Replace unreadable register, MTU & small box:$770 $840 $70
Replace unreadable register & MTU:$710 $0 $-710
Public Works Department Fees -3 of 6
57
Item for Consideration Current Fee Proposed Fee Proposed Increase
Sec. XIV –(C) Fire hydrant meter fee
Deposit (based upon approved conditions):$1,500 $1,819 $319
Relocate fire hydrant meter:$64 $84 $20
Replace hydrant meter and RPZ:$0 $1,980 $1,980
Repair hydrant -meter RPZ:$0 $657 $657
Replace backflow on hydrant:$0 $1,012 $1,012
Repair hydrant -broken collar:$224 $224 $0
Repair hydrant -meter valves:$166 $275 $109
Replace hydrant meter:$0 $924 $924
Public Works Department Fees -4 of 6
58
Item for Consideration Current Fee Proposed Fee Proposed Increase
Sec. XIV –(D) Water/Wastewater Fee
1-inch water service:$1,537 $1,610 $73
1-1/2 inch water service:$1,836 $2,745 $909
2-inch water service:$1,941 $3,675 $1,734
4-inch sewer service:$1,612 $1,956 $344
6-inch sewer service:$1,840 $2,026 $186
Sec. XIV –(E) Meter Moves
1-inch water service move:$554 $675 $121
1-1/2 inch water service move:$595 $998 $403
2-inch water service move:$771 $1,157 $386
Public Works Department Fees -5 of 6
59
Item for Consideration Current Fee Proposed Fee Proposed Increase
Sec. XIV –(F) Curb Stop Repair
1-inch curb stop repair:$237 $426 $189
1-1/2 inch curb stop repair:$350 $770 $420
2-inch curb stop repair:$398 $875 $477
Sec. XIV –(G) Callback or Second Time Call
Callback or second time call:$86 $102 $16
Sec. XIV –(H) Accuracy Testing
Meter Test Local:$150 $379 $229
Meter Test Outside Agency:$220 $497 $277
Sec. XVIII –(H) Backflow Prevention Plan
and Enforcement Fees
CSI Inspection:$25 $172 $147
Public Works Department Fees -6 of 6
60
CIP Update
61
65
Town Debt Other Town Non Town
Project Name Funding Funding Funding
First Street (DNT - Coleman) (Land/Esmt) 1,775,000$
First Street (DNT - Coleman) (Construction) 14,000,000$ 1,000,000$
Coit Road (First - Frontier) - 4 Lanes (Land/Esmt)800,000$
Preston Road / First Street Dual Left Turn (Construction)160,000$ 640,000$
Preston Road / Prosper Trail Dual Left Turns (Construction)800,000$
Coit Road / US 380 SB Dual Left Turn Lanes (Design)50,000$
Coit Road / US 380 SB Dual Left Turn Lanes (Construction)250,000$
FM 1461 (SH 289 - CR 165)175,000$
Coleman (Gorgeous - Prosper Trail) - 4 Lanes (Land/Esmt)350,000$
Coleman (Prosper Trail - Talon) (Land/Esmt)345,000$
Parvin (FM 1385 - Legacy) (Design)800,000$
Gorgeous (McKinley - Coleman) (Land/Esmt)500,000$
Impact Fee Analysis 100,000$
Traffic Signal - FM 2478 (Custer Rd & First Street) (TxDOT)500,000$
TOTAL FUNDING SOURCES:18,230,000$ 2,875,000$ 1,140,000$
TOTAL STREETS PROJECTS:
STREET PROJECTS
22,245,000$
66
Town Debt Other Town Non Town
Project Name Funding Funding Funding
Star Trails H&B Trail Phases 1, 2, 3, and 4 (Construction)200,000$
Westside Waterline Trail Connection 800,000$
TOTAL FUNDING SOURCES:800,000$ 200,000$ -$
TOTAL PARK PROJECTS:
PARK PROJECTS
1,000,000$
67
Town Debt Other Town Non Town
Project Name Funding Funding Funding
Fire Station #4 (Additional Design)23,380$
Fire Station #4 (Other Development Costs)601,620$
Fire Station #4 (Construction)6,000,000$
Fire Station #4 (FF&E)775,000$
TOTAL FUNDING SOURCES:7,400,000$ -$ -$
TOTAL FACILITY PROJECTS:
FACILITY PROJECTS
7,400,000$
68
Town Debt Other Town Non Town
Project Name Funding Funding Funding
FM 1461 12-inch Water Line Relocation (Construction)3,000,000$
DNT (PT-Frontier),Frontier (DNT-PISF Stadium) 12" WL(Esmt)2,000,000$
DNT (PT-Frontier),Frontier (DNT-PISF Stadium) 12" WL(Construction)2,500,000$
Impact Fee Analysis 100,000$
TOTAL FUNDING SOURCES:4,500,000$ 3,100,000$ -$
TOTAL WATER PROJECTS:
WATER PROJECTS
7,600,000$
69
Town 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$
Upper Doe Branch WW Line (Teel-PISD Stadium) (Construction)4,025,000$ 25,000$
Wilson Creek WW Line (Design)35,000$
Wilson Creek WW Line (Construction)365,000$
Impact Fee Analysis 100,000$
TOTAL FUNDING SOURCES:7,525,000$ 1,025,000$ -$
TOTAL WASTEWATER PROJECTS:
WASTEWATER PROJECTS
8,550,000$
70
Town Debt Other Town Non Town
Project Name Funding Funding Funding
TOTAL FUNDING SOURCES:-$ -$ -$
TOTAL DRAINAGE PROJECTS:
DRAINAGE PROJECTS
-$
Executive Session
Section 551.087 –To discuss and consider Economic Development Incentives and all
matters incident and related thereto.
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.
71
The Town Council Meeting will resume after the
Executive Session.
72
Reconvene into Regular Session and take any
action necessary as a result of the Closed Session.
73
Adjourn
74