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07.26.22Welcome to the July 26, 2022, 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 Town Secretary's Office with the Texas Municipal Clerks Achievement of Excellence Award.(MLS) Agenda Item 2. Receive an update from the Town Secretary's Office.(MLS) Town Secretary’s Office Department Update Organizational Structure Executive Director of Community Services Town Secretary Records Coordinator (Part-Time) Executive Assistant Achievements/Accomplishments •Records Destruction •Board and Commissions •General Election •Training /Leadership •Public Information Request Software •Website •Alcohol Permit Process Improvements •Policies •TMCA Achievement of Excellence Award Challenges/Trends •Public Information Requests •Legislative Monitoring /Changes •Records Management •Laserfiche Integration What’s Next •Completion of TMCA Certification •Off Site Storage •Board and Commission Training •Laserfiche •Record Retention Agenda Item 3. Receive an update from the Police Department on the recent Active Shooter Training.(DK) Prosper Police Department Multi -Agency Active Shooter Training Exercise Doug Kowalski, Chief of Police Overview2022 Active Shooter Training ExerciseThe Prosper Police Department (PPD), Prosper I.S.D. Police Department, and Prosper Fire Rescue participated in a multi - agency active shooter training exercise which encompassed three (3) half days –July 19, 20, and the 21, 2022, at Prosper High School. The planning and preparation began in September of 2021. This was an intermediate level training evolution with an emphasis on confronting a deadly threat and gaining command, coordination, containment, and control of a critical incident while demonstrating effective communications across multiple operational elements. 16 •Not Included in this Training Evolution: •Outer Perimeter Control •Stadium –Family Reunification •PPD –News Media Staging Area •Emergency Operations Center (EOC) •Post Criminal Investigation (CSI/ME) Scope of the exercise Overview Continued 17 Overarching Objectives 18 Test The Following Operational Assumptions •Continuity & Effectiveness of Training •Procedures for Critical High-Risk Operations •Initial Response / Unified Command Post / Rescue Task Force •Interagency operability Key Elements of Operational Assumptions •Confront the Threat •Demonstrate / Establish •Command •Communication •Coordination •Containment •Control Police (PPD & Prosper I.S.D. PD) •Confront the Threat •Aggressive, continuous, timely, and rapid response •Demonstrate / Establish •Command •Unified Command Post •Designation of Incident Commander •Communication •Interagency Operability •Nomenclature •Coordination •Staging, allocation, deployment, and tracking of all assets –including personnel •Containment •Locate, isolate, and end the deadly threat •Control •Overall command of the incident Prosper Fire Rescue •Demonstrate / Establish •Command •Unified Command Post •Designation of Incident Commander •Communication •Interagency Operability •Nomenclature •Coordination •Rescue Task Force (RTF) •Tactical Emergency Casualty Care •Patient Extraction and Rapid Transport •Containment •Control 19 Key Operational Elements Summary & Outcomes •Planning & Coordination •Operational Assumptions •Strengths •Challenges 20 Planning & Coordination •Strengths •Experienced Personnel •Technology •Facilities / Venue •Framework for future events •Superior working relationships and partnerships •Challenges •Training Aids 21 Summary & Outcomes continued Operational Assumptions •Strengths •Continuity & Effectiveness of Training •Procedures for Critical High-Risk Operations •Initial Response / Unified Command Post / Rescue Task Force •Interagency operability •Superior working relationships and partnerships •Challenges •Radio Communications –Technical •Access to live video feed from PISD •Command Post •BNSF Railroad •PPD Staffing / Deployment Model (E/W) •Response Capabilities for PPD’s Special Response Team (SRT) •Joint Agency Indoor Range Dignitaries •State Representative Matt Shaheen •Prosper Mayor David F. Bristol •PISD School Board •PISD Superintendent Holly Ferguson •PISD Assistant Superintendent Greg Bradley •PISD Communications Rachel Trotter •Town of Prosper Communications: •Executive Director Robyn Battle •Communications Manager Todd Rice •Crisis Communications Marc Rylander •Pogue Construction Agencies •PPD -Chiefs/Command Staff •PFD -Chiefs/Command Staff •PISDPD: •Chad Vessels, Chief of Police •Jody Woolverton •DPS -Observers •McKinney PD –Evaluators •Little Elm PD –Participant •Celina PD & FD –Evaluators •Frisco PD & FD –Evaluators •CERT –Volunteers –Role Players 22 Special Thanks To Sponsor Closing Comments Doug Kowalski –Chief of Police Thank you Multi -Agency Active Shooter Training Exercise Doug Kowalski, Chief of Police Agenda Item 4. Consider and act upon the minutes of the June 28,2022,Town Council meeting.(MLS) Agenda Item 5. Consider and act upon the minutes of the June 28,2022,Town Council Work Session meeting.(MLS) Agenda Item 6. Consider and act upon the minutes of the July 11,2022,Town Council Work Session meeting.(MLS) Agenda Item 7. Consider and act upon the minutes of the July 12,2022,Town Council Budget Work Session meeting.(MLS) Agenda Item 8. Receive the May financial report.(BP) Agenda Item 9. Consider and act upon approving amendments to the Town’s Financial Policies.(BS) Agenda Item 10. Consider and act upon authorizing the Town Manager to execute a Professional Engineering Services Agreement between Freese and Nichols,Inc.,and the Town of Prosper, Texas,related to the design of the FM 1461 12-inch Water Line Relocation project.(HW) Agenda Item 11. Consider and act upon authorizing the Town Manager to execute Contract Amendment No.2 to the Professional Engineering Services Agreement between Garver,LLC.,and the Town of Prosper,Texas,related to the design of the First Street (DNT –Coleman)project.(HW) Agenda Item 12. Consider and act upon authorizing the Town Manager to execute a Professional Services Agreement between Lowry Property Advisors,LLC (LPA).,and the Town of Prosper,Texas, related to appraisal services for the First Street (DNT – Coleman)project.(HW) Agenda Item 13. Consider and act upon authorizing the Town Manager to execute a Personal Services Contract between McCarthy Right of Way Partners,LLC.,and the Town of Prosper,Texas,related to property acquisition services for the First Street (DNT – Coleman)project.(HW) Agenda Item 14. Consider and act upon approving the purchase of pavement and asset data collection services from Infrastructure Management Services (IMS),through the Texas Local Government Purchasing Cooperative;and authorize the Town Manager to execute documents for the same.(FJ) IMS: Informed by Experience IMS has been serving City of Prosper’s peers in TX and across the U.S. for over 37 years. We’ve worked with over 1,000 city and county agencies. We have assessed 500,000+ miles and extracted millions of right-of-way assets across thousands of projects in Texas and across the country. We maintain the largest fleet of LCMS2 vehicles dedicated to municipal pavement management. Licensed TX Engineering Firm w/ Five (5) Licensed TX P.E.s Recent Texas Experience: Lubbock *Fort Worth Port Arthur McAllen *Denton County *Keller Beaumont Cameron County *Euless Plainview Port Arthur *Grand Prairie *Denton *Flower Mound *Carrollton *Weatherford *Cleburne *Hurst * NCTCOG Start with the End in Mind… Large Fleet: Scheduling Flexibility •Largest municipal fleet of state-of-the- art LCMS-2 –3D pavement imaging – data acquisition systems in the US. •Fleet size allows multiple LCMS-2 systems to expedite project schedule. •Facilitate concurrent QC/QA process. •Nine certified pavement raters –one in every vehicle Cracks Sealed cracks UtilitiesConcrete Joints LCMS-2 Pavement Distress Analysis Pavement Structural Evaluation & Subgrade Strength Data Automated•Alligator Cracks •Longitudinal Cracks •Transverse Cracks •Sealed Cracks •Edge Cracks •Potholes •Bleeding/Raveling/Macrotexture* •Rutting •Concrete Joints •Lane Markings •Manholes •Curb Drop-off •International Roughness Index (IRI)Manual QCField Observations •Block cracking •Patches •Bleeding (supplemental)* •Raveling (supplemental)* Office Review •False positives •False negatives •Editing quantities and severities •Other asphalt and concrete distresses LCMS-2 Pavement Condition Assessment Process the survey data to determine the condition of your network with PCI calculation and averages: •Process extent/severity data •Calculate network value •Calculate whole network PCI Additionally, we can: •Calculate network SDI, RI, & SI •Calculate fix all cost •Calculate life cycle comps Results delivered in Excel & reviewed with City staff. If pavement analysis is desired, we can load to the Easy-Street spreadsheet and perform analysis runs. Data Processing Agenda Item 15. Consider and act upon awarding CSP No.2022-01-A to CivicPlus,LLC,for website design and development services, and authorizing the Town Manager to execute same.(RB) Agenda Item 16. Consider and act upon a resolution authorizing the Town Manager to execute an Advance Funding Agreement for the TXDOT Green Ribbon Program Project Landscape Improvements On-System between the Texas Department of Transportation and the Town of Prosper,Texas,related to the Green Ribbon Project along US 380 from Lovers Lane to Mahard Parkway.(PN) Agenda Item 17. Consider and act upon approving the purchase of one (1) Winsted Custom Conference and Emergency Operations Center Table from Ford AV,through the Texas Local Government Purchasing Cooperative.(SB) Agenda Item 18. Consider and act upon the purchase of Fire Hose Nozzles and Fittings for two new fire apparatus (Pumper Engine &Quint) from Metro Fire Apparatus Specialist,Inc.through the Texas Local Government Purchasing Cooperative.(SB) Agenda Item 19. Consider and act upon an ordinance establishing a no parking zone on Prince William Lane from Coleman Street to Highbridge Lane.(HW) Location Map Proposed No Parking Zone on Prince William Lane south of Coleman Street: 7AM –9AM 2PM –4PM School Days Agenda Item 20. Consider and act upon an ordinance establishing a no parking zone on Meadowbrook Boulevard from Coit Road to Foxfield Court.(HW) Location Map Proposed No Parking Zone on Meadowbrook Boulevard east of Coit Road: 7AM –9AM 2PM –4PM School Days Agenda Item 21. Consider and act upon an ordinance amending Section 12.09.004 "School Traffic Zones"of Chapter 12 "Traffic and Vehicles"of the Town's Code of Ordinances by modifying the limits and hours of operation of such zones.(HW) Agenda Item 22. Consider and act upon an ordinance to amend the Zoning Ordinance,Chapter 3,Section 1.3 Schedule of Uses,Chapter 3,Section 1.4 Conditional Development Standards,and Chapter 3,Section 2.2 Definitions,to include “Food Pantry”,in the Agricultural,“A,”zoning district.(MD22-0005).(DS) Agenda Item 23. Consider and act upon a Site Plan and Façade Plan for a Limited Service Hotel,on 1.8±acres,located on the west side of Mahard Parkway,south of Prairie Drive.The property is zoned Planned Development-101 (PD-101).(D22-0031).(DS) Agenda Item 24. Consider and act upon an ordinance to rezone a portion of Planned Development-36,and a portion of Planned Development-63,to Planned Development (PD)for Legacy Gardens,on 121.4±acres,in order to modify the residential development standards,including but not limited to reducing permitted lot sizes,located on the south side of Frontier Parkway,west of Dallas Parkway.(Z20-0019).(DS) Agenda Item 25. Consider and act upon authorizing the Town Manager to execute a Development Agreement between Risland Prosper 221,LLC and the Town of Prosper,Texas,related to development,located on the south side of Frontier Parkway, west of Dallas Parkway.(DS) Agenda Item 26. 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 Plans and Preliminary Site Plans, including Ladera Amenity Center,DISD Middle School, Windsong Vet Clinic,102 E.Broadway,Gates of Prosper Phase 3,Prosper Counseling,and Star Trail Amenity Center.(DS) 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 27. Conduct a public hearing and consider and act upon a request to rezone 5.7±acres from Office (O)to Planned Development- Office (PD-O),located on the west side of Mahard Parkway, south of Prairie Drive,specifically to allow for a limited-service hotel.(Z22-0002)(DS) Agenda Item 28. Conduct a public hearing and consider and act upon a request to amend Planned Development-93 (PD-93),on 0.8±acres, located on the southwest corner of Broadway Street and Preston Road,in order to allow for a restaurant with drive- through services.(Z22-0006)(DS) Agenda Item 29. Conduct a public hearing and consider and act upon a request for a Specific Use Permit (SUP)for a Restaurant with Drive- Through Service,on 1.2±acres,in the Victory at Frontier development.The property is zoned Planned Development- 10 &Specific Use Permit 38 (PD-10 &S-38).(S22-0006).(DS) Tt S-38 New SUP Tt Tt Agenda Item 30. Conduct a public hearing and consider and act upon a request to rezone 42.3±acres from Planned Development-38 (PD-38) to Planned Development-Mixed Use,located on the north side of 380,west of Lakewood Drive,in order to allow for a mixed- use development,including multifamily,hotel,office,retail and related uses.(Z22-0004)(DS) PRESTONWICK HOLLOW MIXED USE DEVELOPMENT PD PROSPER TOWN COUNCIL PRESTONWICK HOLLOW PROSPER, TEXAS PROJECT INTRO •Proposed Project: Retail, Hotel, Office, Multi-family •Land Owner: Bhadresh Trivedi •Applicant: Bohler Engineering •Project Size: 42 Acres •Project Timeline •Started Process Aug 2021 •P&Z Workshop Jan 2022 •P&Z Vote May 2022 Vote: 3 –3 •P&Z Vote June 2022 Vote: 5 –2 Recommend SITE OF PROPOSED DEVELOPMENT PRESTONWICK HOLLOW PROSPER, TEXAS GATES OF PROSPER 5 MIN, 2 MILES PROPOSED PROJECT HWY 380 COIT ROAD OFFICE RETAIL HOTEL RESIDENTIAL PROPOSED SITE PLAN Future Hines 7-8k SF Lot Single Family Development Future Landon Homes 0.1 Acre Duplex & Townhome Development Future Daycare Future Market Street Grocery Store US 380 Lakewood Drive HOTEL: 16,250sf RETAIL: 61,000sf OFFICE: 66,000sf RESIDENTIAL: 318 units PROPOSED SITE PLANPROPOSED SITE PLANPROPOSED SITE PLAN PRESTONWICK HOLLOW PROSPER, TEXAS HOTEL •100 key •Limited Service •Partner: Solana Group PRESTONWICK HOLLOW PROSPER, TEXAS RETAIL & OFFICE •Office: •8 buildings •61,000 sf •Retail: •4 buildings •62,000 sf •Partner: Weitzman PRESTONWICK HOLLOW PROSPER, TEXAS MULTI -FAMILY •Units: 297 •Height: 3 stories •Unit Mix: 1 & 2 bed •Partner: NRP Group PRESTONWICK HOLLOW PROSPER, TEXAS WHO IS COMING HERE? HOTEL: Solana Capital OFFICE/RETAIL: Weitzman RESIDENTIAL: The NRP Group PRESTONWICK HOLLOW PROSPER, TEXAS ABOUT THE NRP GROUP •National multifamily developer, builder, and manager •Closed over $7.1 Billion in Real Estate in 28 years •20 years in Texas: San Antonio, DFW, Austin, Houston •NRP Employees in Texas: 525 •NRP Units in Texas: 27,500 •Completed projects in DFW: Dallas, Princeton, Euless, Mansfield, North Richland Hills, Lewisville, Carrollton, and more National Association of Home Builders MF Developer of the Year (2009, 2012, 2014, 2020) Multifamily Housing News 2020: Development Company of the Year National Multifamily Housing Council 2021: #3 Apartment Builder 2021: #5 Apartment Developer MULTIFAMILY SITE & DESIGN PRESTONWICK HOLLOW PROSPER, TEXAS Design: Inspired by Prosper City Hall & FLW Walkable: Streetscape for pedestrians Scale: Three stories, low scale Parking: Hides parking: buildings, landscape Materials: Top quality, durable materials PRESTONWICK HOLLOW PROSPER, TEXAS MULTI -FAMILY AMENITIES •Resort-style pool •Fitness center •Yoga & Cycling Studio •Walking Trail & Pond •Co-working Space •Private Offices •Resident Lounge •Resident Dining Area •Dog Park •Dog Spa •Grilling Stations •Game room •Top-of-Line Landscaping PRESTONWICK HOLLOW PROSPER, TEXAS MULTI -FAMILY AMENITIES •Resort-style pool •Fitness center •Yoga & Cycling Studio •Walking Trail & Pond •Co-working Space •Private Offices •Resident Lounge •Resident Dining Area •Dog Park •Dog Spa •Grilling Stations •Game room •Top-of-Line Landscaping PRESTONWICK HOLLOW PROSPER, TEXAS LUXURY MULTIFAMILY UNITS •Quartz Countertops •Stainless Steel Appliances •Back-lit Bathroom Mirrors •Luxury Vinyl Wood Flooring •Large Walk-in Closets w/ Shelving •Full Size Washer/Dryer •Stainless Steel Oversized Sink •Top-of-Line Finishes & Fixtures PRESTONWICK HOLLOW PROSPER, TEXAS MUTLI -FAMILY RESIDENTS: Who will live here? YOUNG PROFESSIONALS •Units: One and Two Bedroom, no Three Bedroom •Designed for “Work from Home”: office space in units and fully equipped coworking space in community areas •Mitigate hiring challenge: Work AND live in Prosper •Recruit top talent: Prosper schools, healthcare, first responders •Prosper Residents get top quality education, healthcare, and more RESIDENT SCREENING •Resident screening process more stringent than mortgage providers •Residents must be employed, show proof of 3x monthly rent •Every residents subject to rigorous consumer credit reports •Every residents subject to criminal background checks •Residents with negative rental history are not accepted Young Engineers & Architects Firefighters, Police, EMT Prosper ISD Teacher Cook Children’s Nurse MULTI -FAMILY IMPROVEMENTS P&Z Workshop Jan 2022 UNITS 388 THREE BEDROOMS?YES PD DENSITY N/A SHARED PARKING YES PARKING RATIO / BED 1.05 PARKING RATIO / UNIT 1.58 MASONRY 30% PRESTONWICK HOLLOW PROSPER, TEXAS MULTI -FAMILY IMPROVEMENTS P&Z Workshop Jan 2022 P&Z Meeting May 2022 P&Z Meeting June 2022 UNITS 388 327 297 THREE BEDROOMS?YES NO NO PD DENSITY N/A 21 u/ac 16.5 u/ac SHARED PARKING YES YES NO PARKING RATIO / BED 1.05 1.23 1.3 PARKING RATIO / UNIT 1.58 1.67 1.78 MASONRY 30%40%50% PRESTONWICK HOLLOW PROSPER, TEXAS MULTI -FAMILY IMPROVEMENTS P&Z Workshop Jan 2022 P&Z Meeting May 2022 P&Z Meeting June 2022 UNITS 388 327 297 THREE BEDROOMS?YES NO NO PD DENSITY N/A 21 u/ac 16.5 u/ac SHARED PARKING YES YES NO PARKING RATIO / BED 1.05 1.23 1.3 PARKING RATIO / UNIT 1.58 1.67 1.78 MASONRY 30%40%50% PRESTONWICK HOLLOW PROSPER, TEXAS VOTE: 5-2 RECOMMEND PARKING PRESTONWICK HOLLOW PROSPER, TEXAS YOUNG SINGLES: 15% 44 Units MATURE SINGLES:35% 103 units PROF. COUPLES: 30% 90 units FAMILIES:5% 15 units EMPTY NESTERS: 15% 45 units TOTAL : 100% 297 Units PARKING PRESTONWICK HOLLOW PROSPER, TEXAS YOUNG SINGLES: 44 Units MATURE SINGLES: 103 Units PROF. COUPLES: 90 Units FAMILIES: 15 Units EMPTY NESTERS:45 Units 147 SINGLES UNITS “SINGLE” OCCUPANT “COUPLE” OCCUPANTS REQUIRED PARKING RESIDENT PARKING: 147 Single Units: 147 Spaces 150 Couple Units: 300 Spaces OTHER PARKING: Employees & Staff:10 Spaces Future Residents:6 Spaces Visitors:15 Spaces TOTAL REQUIRED PARKING:478 Spaces TOTAL PROVIDED PARKING: 529 SPACES *51 EXTRA SPACES PROVIDED 150 COUPLES UNITS FIBER CEMENT BOARD PRESTONWICK HOLLOW PROSPER, TEXAS Prestonwick Multifamily Materials •50% Masonry •50% Fiber Cement Board •Helps create better design with diversity of architectural features Benefits of Fiber Cement Board Weather Resistant •Withstands wet, freezing, hot, humid conditions •No shrinking, swelling, splitting, cracking, rotting Fire Resistance & Protection •Does not ignite when exposed to direct flame •Does not contribute fuel to the fire Pest Resistant •Does not attract termites or pests •Resists damage by woodpeckers and other pests Color / Paint •Engineered to resist damaging UV rays, holds color •Paint engineered to resist impact of hail & windblown debris Low Maintenance •High durability results in minimal maintenance over time •Repaint/Recaulk once every 10-15 years Design Versatility •Can be formed in variety of shapes/sizes •Can the appearance of stucco, wood, metal panel, etc PRESTONWICK HOLLOW PROSPER, TEXAS CONCLUSION •SUPPORTS COOK CHILDREN’S EMPLOYMENT •SUPPORTS PROSPER ISD EMPLOYMENT •ATTRACTS SATELLITE OFFICES & EMPLOYMENT •BENEFITS PROSPER RESIDENTS WITH RETAIL & HOTEL •ALLOWS KIDS TO MOVE CLOSE TO HOME •TAX REVENUE TO PROSPER AND PROSPER ISD •HIGH QUALITY ARCHITECTURE DESIGNED FOR PROSPER THANK YOU Agenda Item 31. Consider and act upon a resolution of the Town Council of the Town of Prosper,Texas,declaring the necessity to acquire certain properties for right-of-way,street easements,water easements,and drainage easements for the construction of the First Street (DNT –Coleman)project; determining the public use and necessity for such acquisition;authorizing the acquisition of property rights necessary for said Project;appointing an appraiser and negotiator as necessary;authorizing the Town Manager to establish just compensation for the property rights to be acquired; authorizing the Town Manager to take all steps necessary to acquire the needed property rights in compliance with all applicable laws and resolutions;and authorizing the Town Attorney to institute condemnation proceedings to acquire the property if purchase negotiations are not successful.(HW) Agenda Item 32. Consider all matters incident and related to the issuance and sale of “Town of Prosper,Texas General Obligation Bonds, Series 2022”,including the adoption of an ordinance authorizing the issuance of such bonds and establishing procedures and delegating authority for the sale and delivery of such bonds.(BP) GO Bond Parameters Ordinance •Bond Sale (Reimbursement Resolution issued in October 2021) •Not to exceed amount $34,000,000 including issuance costs (underwriting, legal, financial advisory) •Proposition A (Public Safety Facilities) $600,000 •Proposition B (Parks, Trails, and Recreational Facilities) $2,830,000 •Proposition C (Streets, Roads, and Bridges) $30,570,000 Debt Sale Ordinance –Proposed Method •Town has historically held competitive sale on morning of Council Meeting •Changes recommended due to uncertain market conditions •Ordinance authorizing the GO’s with delegated authority to Executive Director of Administrative Services and Finance Director to complete the final pricing of the debt: •Issue the bonds through a competitive or negotiated sale •For an amount not to exceed $34,000,000 •At a maximum interest rate of 5.00% •With a final maturity of August 15, 2042 •Anticipated Sale will occur the week of August 15th –August 19th Agenda Item 33. Consider adoption of a resolution directing publication of notice of intention to issue certificates of obligation for the purpose of funding costs associated with the construction of water and wastewater improvements in the Town.(BP) Notice of Intent •Certificate of Obligation Sale (Reimbursement Resolution issued in October 2021) •Notice of Intent for sale up to $13,700,000 including issuance costs (underwriting, legal, financial advisory) •Increased amount for Lower Pressure Plane project ($2,000,000) due to increased construction costs •Doe Branch Parallel Interceptor Construction moved out one year Debt Sale Ordinance –Proposed Method •Town has historically held competitive sale on morning of Council Meeting •Changes recommended due to uncertain market conditions •Ordinance authorizing the CO’s with delegated authority to Town Manager to complete the final pricing of the debt: •Issue the certificates through a competitive or negotiated sale •For an amount not to exceed $13,700,000 •At a maximum interest rate of 4.34% •With a final maturity of August 15, 2042 •CO Parameters Ordinance will be presented to Town Council September 27, 2022 •Anticipate sale will occur in the days following approval of parameters ordinance Agenda Item 34. Consider and act upon adopting the Downtown Master Plan. (MM) Possibly direct Town Staff to schedule topic(s) for discussion at a future meeting. 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. The Town Council Meeting will resume after the Executive Session. Reconvene into Regular Session and take any action necessary as a result of the Closed Session. Adjourn