welcome to the prosper town council meeting....pledge to the texas flag. pledge to the texas flag...

Welcome to the Prosper Town Council Meeting.

The 5:45 Agenda Briefing takes place in the Executive Conference Room behind Council Chambers, and is

open to the public.

The Regular Meeting and Budget Work Session will begin in Council Chambers immediately following the Agenda

Briefing at approximately 6:15 p.m.

Agenda BriefingJuly 09, 2019

Agenda Item 1.Call to Order/Roll Call.

Agenda Item 2.Questions about items listed on the Regular Meeting Agenda.

Agenda Item 3.Discussion items.• Discussion on Town Support of Nonprofit Organizations. (HJ)• Discussion on Agenda Briefing Format. (HJ)

Town Council MeetingJuly 09, 2019

Agenda Item 1.Call to Order/Roll Call

Agenda Item 2.Invocation, Pledge of Allegiance, and Pledge to the Texas Flag.

Pledge to the Texas FlagHonor the Texas flag;

I pledge allegiance to thee, Texas, one state under God,

one and indivisible.

Agenda Item 3.Announcements of recent and upcoming events.

Agenda Item 4.Consent AgendaItems 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 4a.Consider and act upon minutes from the following Town Council meeting. (RB)• Joint Meeting with the Prosper Economic

Development Corporation – June 25, 2019• Regular Meeting – June 25, 2019

Agenda Item 4b.Consider and act upon an ordinance amending Ordinance No. 18-71 (FY 2018-2019 Budget). (KN)

Agenda Item 4c.Conduct a Public Hearing, and consider and act upon a request to rezone a portion of Planned Development-43 (PD-43) and a portion of Planned Development-65 (PD-65), to Planned Development-C (PD-C), to allow for an Automobile Sales, Service, and Leasing facility (Ford), on 17.1± acres, located on the north side of US 380, west of Mahard Parkway. (Z18-0013). (AG)

Agenda Item 5.Citizen CommentsThe 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 present it to the Town Secretary prior to the meeting.

Agenda Item 6.Discuss Town Hall Lobby Art and Accessories. (RB)

Art & Accessories ProjectPhase 1 - Complete• Artwork and plants for public areas

Phase 2 – In Progress• Lobby and Stairwell Art

Lobby Art Recommendation•Metal Sculpture - Silos•Wood Sculpture - Texas Railroads•Photograph on Canvas - Windmill

Southeast Wall

Conceptualimage

Northwest Wall

Conceptualimage

Conceptualimage

Northeast Wall

Stairwell Landing Art ConceptPhotographic Prints on Canvas

Conceptual image

3rd Floor72” x 72”

2nd Floor72” x 72”

1st Floor72” x 36,” or collage

Lobby Christmas Decorations• Interior designer to redecorate existing pieces•New color scheme, additional decorations•FY 2018-2019 budget savings - $10,000

Exterior Christmas Decorations•Exterior wreaths for Town Hall•Lights, garland, and wreaths for Main and Broadway light poles

•Decision Package in FY 2019-2020 Proposed Budget• Decorations $29,200• Installation $6,500

Lobby and Stairwell Art Cost EstimatesMetal and Wood Wall Sculptures $16,000Photograph Prints on Canvass (4) $6,400

Agenda Item 7.Discuss the FY 2019-2020 Proposed Budget. (KN)

TOWN COUNCILBUDGET WORK SESSION

July 9, 2019

Review 2019 Major Initiatives from Strategic Planning Session

2

Review of FY 2019-2020 Budget Calendar• July 25, 2019 Appraisal District Certifies Tax Roll• August 13, 2019 Town Manager presents Proposed Budget

Certified Collection Rate/Certified Appraisal Roll and Proposed Property Tax Rate to Town Council

• August 16, 2019 Finance Subcommittee Reviews Proposed Budget• August 27, 2019 Town Council Meeting – First Public Hearing • September 5, 2019 Town Council Meeting – Second Public Hearing

(special called meeting) • September 10, 2019 Adopt Budget and Tax Rate• October 1, 2019 New Fiscal Year Begins

3

FY 2018-2019 Budget Highlights

No increase in property tax rateIncreased Property ValuationsNew Growth to Tax Roll

Increased Sales Tax ReceiptsIncreased Service Levels to Town

Increased Infrastructure Improvements

4

FY 2018-2019 General Fund Budget Highlights

Funded a Ladder Truck $1.650MFunded a Street Maintenance program and other various street projects $1.813MFunded Public Safety Facility FFE and Construction Enhancements $2.281M Increased approved workforce from 162 to 184 FTE positions Implemented the Enterprise Fleet programProvided a Fire Modular Building and Parks & Rec office renovation

Supported a CPI Program, and completed first Kaizen event to improve efficiencies

5

FY 2018-2019 Water-Sewer Fund Budget Highlights

Funded additional costs for water and sewer management fees-$1.950MFunded various water and sewer capital projects -$1.540MExecuted an exclusive franchise agreement with CWD for solid waste that included more services to the citizens.Increased approved workforce from 34 to 40 FTE positions

6

Growth Pressures

7

655 669777

915

322

378

0

100

200

300

400

500

600

700

800

900

1000

2015 2016 2017 2018 YTD 2019

Building Permits

Building Permit Applications Projected

Growth Pressures

8

0

100000

200000

300000

400000

500000

600000

700000

800000

900000

1000000

2014 2015 2016 2017 2018

Public Works

Linear Feet of Water Lines Linear Feet of Sewer Lines

5,189

6,247

6,982

7,955 8,462

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2015 2016 2017 2018 YTD 2019

Utiltiy Billing Customers

Growth Pressures –Public Safety

9

1,245 1,437

1,962 2,185

1,488

1,236

-

500

1,000

1,500

2,000

2,500

3,000

2015 2016 2017 2018 YTD 2019

Prosper Fire Department - Calls for Service

Prosper Fire Department - Total Calls Projected

28,889 30,754 36,688

14,625

20,475

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2016 2017 2018 YTD 2019

Prosper Police Department - Calls for Service

Police Calls for Service Projected

GENERAL FUND

10

11

General Fund Major Revenue Sources:

Estimated Property Tax:$14,602,011 52%

Estimated Sales Tax:$4,991,187 18%

Building Permits Projected:$2,06,400 10%

Makes up 80% of the Revenue Sources within the General Fund

Property Tax52%

Sales Tax18%

Building Permits10%

Franchise Fees7%

Other License, Fees, & Permits4%

Transfers In3%

Charges for Services1%

Fines & Warrants

2%

Other3%

Property Tax Sales Tax Building Permits

Franchise Fees Other License, Fees, & Permits Transfers In

Charges for Services Fines & Warrants Other

FY 2018-2019 Year End Estimated General Fund Revenue

Major Revenue Streams Property values and TAV projected growth Debt Service – I & S Rate Sales Tax Building Permits Water and Sewer Rates Miscellaneous Fees

12

2019 Preliminary Property Valuation and Tax Revenue

13

Appraised Values History

Preliminary appraised value is $4.271 Billion for 2019.• 14.64% increase compared to 2018 value of $3.744 Billion

On average the Town sees a 2-3% reduction from preliminary values to certified values provided by July 25th due to ARB reviews.

Tax Year 2013 2014 2015 2016 2017 2018Final Value ($Billions) $1.447 $1.753 $2.139 $2.546 $3.114 $3.744

Value Changes ($Millions) $194.1 $305.8 $385.7 $407.2 $567.8 $630.6 Percentage

Change 15.49% 21.13% 22.00% 19.04% 22.30% 20.25%

14

Average Single-Family Home Value History

$344,458 $333,084 $324,387 $321,662

$351,317 $378,651

$423,062

$460,766 $495,762

$523,567

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

15

2019 Preliminary Property Valuations• Preliminary Total Taxable (after freeze loss) Increased 14.64%

Collin County Value $3,524,029,965Denton County Value $ 747,106,298Total Valuation $4,271,136,263

• Preliminary Existing Taxable Values Increased $125,547,276 or 3.39%

• Preliminary New Construction Totaled $419,022,643 or 11.25% 16

Property Tax Reform – SB 2KEY TAKEAWAYS

New legislation limits Texas governments’ ability to raise maintenance and operations (M&O) property tax revenues above 3.5% without voter approval. Cities and Counties likely will explore various strategies to manage the new

revenue restrictions This constraint, coupled with expanding infrastructure and service needs,

could reduce financial flexibility and stress Texas municipalities’ creditworthiness according to the rating agencies.

17

FY 2012-13 thru FY 2018-2019

18

$0.000000

$0.100000

$0.200000

$0.300000

$0.400000

$0.500000

$0.600000

$0.700000

TY 2013 TY 2014 TY 2015 TY 2016 TY 2017 TY 2018

Town of Prosper Tax Rate History

Rollback Rate (after sales tax adj) @ 8% Rollback Rate (after sales tax adj) @ 3.5% Adopted Tax Rate Linear (Rollback Rate (after sales tax adj) @ 3.5%)

Tax Rate Analysis

• This analysis over the past 6 years, Town of Prosper levied property taxes 4 out of 6 years higher than 8% rollback tax rate

• Only once in the last 6 years, has the Town levied property taxes lower than 3.5% rollback rate (one year anomaly)

19

TAX YEAR TY 2013 TY 2014 TY 2015 TY 2016 TY 2017 TY 2018 TotalRevenue Loss-Rollback Rate 3.5% 1,019,058$ 1,821,037$ 264,626$ 903,871$ 874,476$ -$ 4,883,068$

SB 2 Strategies/Impacts

• One-time capital expenditures to slow down due to limitations on futureyear financial flexibility

• Evaluate current programs and long-term viability• More reliance on user fees• Evaluate the sustainability of operating and personnel costs of new facility

prior to construction• RATING AGENCIES POTENTIAL IMPACTS:

• Defer maintenance on capital infrastructure• Higher than normal transfers into general operating funds from water and sewer

funds, which could be supported by rate increases• Slow growth with moderately sized property tax base will rely more heavily on

alternative forms of revenue like sales tax and services charges/fees, which can bemore volatile

20

DEBT SERVICE FUND I&S RATE

21

Town’s Debt Capacity

• Town’s Debt Policy: • Total principal of GO Bonds and all other outstanding tax

indebtedness will be targeted not to exceed 6% of TAV tax rolls.• Town has maintained a level below the maximum debt capacity

• Town’s target of 35% or less of the total tax rate - $0.52 per Town’s debt policy

• Town’s I&S rate has been stabilized at 29.30% of tax rate or $0.1525

22

Bond RatingsCurrent Rating

AA+Aa1AA+Aa1Aa1Aa1

Moody's Aa3 June 2012Moody's Aa3 October 2011

Standard & Poor's AA February 2014Moody's Aa2 February 2014

Standard & Poor's AA June 2016Moody's Aa2 June 2016

Rating Entity Prior Rating Prior Rating Period

23

Moody’s recently rating on the 2019 GO Bonds and COs outlook as stable at Aa1 S&P recent rating on the 2019 GO Bonds and COs at AA+ Aa1 and AA+ ratings are the second highest ratings of each agency Town’s very strong economy and rapidly expanding moderately sized tax base Significant ongoing development Conservative budgeting and formal policies

2020 Proposed Sales and Use Tax

24

Sales Tax Town levies a total of 2% sales tax on all taxable items sold within its

borders. Prosper Economic Development Corporation-Type B levies 0.5%.May, 2018, voters approved to abolish the 0.50% sales tax revenue for

property tax relief and replaced it with the creation of two Public Safety Special Purpose Districts. Reflected in the budget as Special Revenue Funds: Crime Control and Prevention District – 0.25% sales and use tax Fire Control, Prevention, and Emergency Medical Services District – 0.25% sales

and use tax25

Sales Tax 8.25% Collected in the Town

State, 6.25%

Local: Support General Fund, 1%

Local: EDC Type B, 0.50%

Local: Fire District, 0.25%

Local: Crime District, 0.25%

26

GF 1% Sales Tax Historical Net of TIRZ & Projected Collections

27

Fiscal Year Sales Tax Collections % ChangeFY 2014-2015 $2,171,204 11.78%FY 2015-2016 $2,796,393 28.79%FY 2016-2017 $3,509,444 25.50%FY 2017-2018 $4,424,976 26.09%FY 2018-2019 Estimate $4,931,554 11.45%FY 2019-2020 Budget $5,178,132 5.00%

Public Safety Historical and Current Funding

28

$- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000

FY 2016-2017 Actual

FY 2017-2018 Actual

FY 2018-2019 Budget

General Fund SPDs

* FY 2018-2019 General Fund funded one-time Public Safety capitalinfrastructure: Ladder Fire Truck and Police Station/Dispatch Facility in theamount of $4,281,293. This is not represented in the graph above.

Building Permits Fee Rate Structure

29

Building Permit Rate Structure• Approved by Council 6/25/2019 due to HB 852 effective date 5/21/19• Prohibits municipalities to develop permit fees around value of

dwelling or cost of construction• Law prohibits disclosure of valuations as a condition of obtaining a

permit• New residential building permit fee schedule based on square footage• Approved Permit Fee schedule is provided on the Town’s webpage

30

Building Permit Fee Revenue

31

$2,441,631

$2,855,876

$2,776,784

$4,116,287

$2,806,400

$3,215,472

300

400

500

600

700

800

900

1000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

2015 2016 2017 2018 Estimated 2019 Projected 2020

Building Permits

Building Permit Revenue Permits Issued

WATER AND WASTEWATER FUND

32

Water & Sewer Fund Revenue FY 2018-2019 Year End Estimated

33

Water Charges, $12,041,488 , 58%

Sewer Charges, $6,539,283 , 32%

Sanitation Charges, $1,279,576 , 6%

Other, $577,521 , 3% Investment Income, $140,619 , 1%

Water-Sewer Rate Plan Rate Model• Town adopted a multi-year water and sewer rates during 2018 budget

process.• Every budget cycle, staff reviews the adopted rate to see if parameter

of financial stability are met.• Must maintain minimum of 25% of annual operating expense• Must target minimum 1.25 debt coverage per debt management policy

• The Water/Sewer Fund has out performed due to• Accelerated customer account growth• Prudent budgeting• Capital Plan Management

34

Proposed FY 2020 Rate Plan

35

• No adjustment to sewer rates in FY 2020

• No adjustment to residential water rates in FY 2020

• Only adjustment for FY 2020 will bring Commercial water basecharges into alignment with the Residential water base charges

Proposed FY 2020 Water-Sewer Rate Plan

36

1" meter Residential RatesCurrent Rates

FY 2020 Adopted

Rates

FY 2020 Proposed

RatesProposed % Change

Water, 10K gallons & 5K Sewer 116.95$ 130.65$ 116.95$ 0.00%

1" meter Commercial RatesCurrent Rates

FY 2020 Adopted

Rates

FY 2020 Proposed

RatesProposed % Change

Water, 20K gallons & 20K Sewer 271.10$ 307.10$ 276.05$ 1.83%

Historical & Forecast Annual Water Accounts FY 2014 – FY 2023

37

FY 2020 Water Usage by Customer Class

38

Annual billable consumption estimate = Over 1.7 Billion Gallons

Average Monthly Residential Bill Comparison

39

$81.21 $90.92 $91.21 $91.54

$104.20 $105.45

$108.19 $112.05

$116.95 $117.93

$128.18 $132.73 $132.96

$146.96 $149.99

$54.88 $49.40

$59.85 $57.94

$61.70 $63.42

$61.77 $65.50 $64.05

$75.13 $80.20

$88.74 $92.13

$104.00 $100.08

$26.33 $41.52

$31.36 $33.60

$42.50 $42.03 $46.42

$46.55 $52.90

$42.80 $47.98

$43.99 $40.83

$42.96 $49.91

ColleyvilleFrisco

CoppellUniversity Park

McKinneyFairview

RockwallSachse

ProsperKeller

SouthlakeLittle Elm

MurphyPrinceton

Rowlett

Regional Bill Comparison (Residential)

Water (10,000 gallons) Wastewater (5,000 gallons)

Average Monthly Commercial Bill Comparison

40

Miscellaneous Fees

• Plan Review Fees• Third Party Fees/ Geotechnical• Inflow and Infiltration Fees• Usage Fees – 407 Recreation Center

41

Plan Review Fees• Fee to offset costs for electronic review software

• Software Licensing $7,000. - $150 engineering plan review fee proposed would generate approx. $6,000 for 40 projects. (over 50 projects last year)

- Additional savings on CIP engineering plan submittals.• Various Comparison Cities collect similar fee in

some manner or method42

Third Party Fees/ Geotechnical• Follow up item from Windsong Ranch Road Repairs• Provides more consistent and reliable testing• With exception of Colleyville*, no other Comparison City

provides Material Testing services.• Melissa, Grand Prairie, Fort Worth* and Burleson* provide

Material Testing services, and fund with either increased inspection fees* or transferring hard costs to Developer

• Recommend transferring hard cost to Developer initially and re-evaluating as increase to inspection fees in the future

43

Inflow and Infiltration Fees

44

• Inflow - Storm water that enters into wastewater system at points of direct connection to the systems. Various sources contribute to the inflow including open wastewater pipes, unprotected manholes, and openings in wastewater lines.

• Infiltration - Groundwater that enters wastewater system through cracks and/or leaks in wastewater pipes and manholes.

Large Flow Events Amount in MGD / Cost to Treatment Rain Fall in Inches

October 10, 2018 3.4 $ 6,900 2.7

October 14, 2018 6.4 $ 13,600 2.7

October 20, 2018 10.9 $ 23,700 1.7

December 26, 2018 1.9 $ 3,500 3.5

April 23, 2019 1.3 $ 2,100 1.5

May 18, 2019 0.44 $ 200 2.7

June 1, 2019 0.347 $ 0 1.7*Typical flow is 0.375 – 0.400 MGD

Actual Inflow Occurrences

Items Reviewed• Prohibit contractors from connecting to exiting lines until final acceptance

has been granted. • Not considered at this time.

• Install in-line valves to prevent flow until acceptance. • Not considered due to future maintenance.

• Fining contractors that cause inflow to existing wastewater lines.• Fining builders/developers that cause inflow to existing wastewater lines.• No other municipalities are currently fining for inflow violations.

In the summer of 2016, inspections of 33,402 linear feet of wastewater mains and 75

manholes/cleanouts were completed within the area bound by Coleman Street, Preston Road,

Gorgeous Road, and south of East First Street.

Phase I

Located Repairs Amount

Structural Repairs $188,080

I&I Repairs $190,470

Total Repairs $378,550

Completed Repairs Amount

Completed Repairs $6,920

Remaining Repairs (1-3 Years) $62,650

Future Repairs (5-10 Years) $308,980


manholes/cleanouts were completed in the area bound by Coleman Street, E. Prosper Trail,

Preston Road and Hickory Creek Drive.



I&I Repairs $160,475





Future Repairs (5-10 Years) $84,125

Phase II


manholes/cleanouts were completed in the area bound by Coleman Street, W. Prosper Trail,

BNSF Railroad and W. First Street.



I&I Repairs $56,990





Future Repairs (5-10 Years) $0

Phase III

Proposed Fee ScheduleDescription Fee

Non-Plugged Wastewater Lines & Manholes to SystemFirst OffenceSecond OffenceThird and Subsequent Offence

$500 Connection/Day$750 Connection/Day$1,000 Connection/Day

Wastewater Services Open/BrokenFirst OffenceSecond and Subsequent Offence

$100 Lot/Day$200 Lot/Day

Service Inflow from Plumbing InstallationFirst OffenceSecond OffenceThird and Subsequent Offence

$250 Lot/Day$400 Lot/Day$500 Lot/Day

• Continue to repair the items that provide the highest return.

• Arrange contracts to repair the existing deficiencies with outside contractors. (2019)

• Continue to follow and update the CMOM Program, which includes three additional years of

smoke testing. (Summer 2020)

• Install bollards or pipes to protect manholes located in off-site areas and install gates for easier

egress. (Summer 2020)

• Complete the three wastewater meter stations, SCADA instrumentation, and related towers.

• This will allow staff to see real time flows to UTRWD. (Summer 2019)

• Staff is anticipating to bring an ordinance to Town Council for adoption at the July 23, 2019

meeting.

Staff Involvement

Usage Fees – 407 Recreation Center

54

Town Hall Improvements

Public Safety/Military Wall of Honor

Office for the Mayor of the Town 3rd floor shell space, arch window area 3rd floor shell space, balcony area Renovate an existing conference room

55

CAPITAL IMPROVEMENT PROJECTS

64

Recently Completed & Under Design

65

Recently CompletedUnder Design$221,500,000

Completion in Next 5 Years

66

Recently Completed CIPUnder Design$221,500,000

CompletedNext 5 Years$464,998,881

Completion Beyond 5 Years

67

Recently Completed CIPUnder Design$221,500,000

CompletedNext 5 Years$464,998,881

CompletionBeyond 5 Years$546,941,000*

STREET

Gates of Prosper, TIRZ 1 (Richland, Lovers Lane Detention) $ 3,125,025Coleman Street (Gorgeous – Prosper Trail) – 4 lanes – (Study Section) $ 250,000FM 2478 (US 380 – FM 1461) – (ROW Payment) $ 69,000Fishtrap (Segments 1,4) design; (Elem to DNT) Schematic – (Construction Segment 1) $ 1,190,000Craig Street (Preston – Fifth) $ 1,250,000Prosper Trail / DNT Intersection Improvements $ 1,600,000Cook Lane (First – End) $ 2,100,000Fishtrap (Teel – Gee Road) – (Design) $ 400,000Gee Road (Fishtrap – Windsong Retail) – (Design) $ 250,000Fishtrap (Elem – DNT) – 2 then 4 lanes – (Design) $ 500,000Coit Road (First to Frontier) – 4 lanes – (ROW Acquisition) $ 800,000Teel (US 380 Intersection Improvements) – (Design) $ 100,000

$11,634,025

68

TRAFFIC

Traffic Signal – Fishtrap & Teel Parkway – (Construction) $ 300,000Traffic Signal – Fishtrap & Gee Road – (Design and Construction) $ 350,000Traffic Signal – SH 289 & Lovers Lane – (Design and Construction) $ 350,000Traffic Signal – Coit Rd & Richland Boulevard – (Design) $ 50,000Traffic Signal – Fishtrap & Windsong Parkway – (Design) $ 50,000

$1,100,000

69

PARK

Lakewood Preserve $2,092,500Hays Park $ 35,000Pecan Grove Irrigation $ 85,000Star Trail Park #2 $ 535,000Pecan Grove Phase 2 $ 67,500Windsong H&B Trail Phases 3C,5,6A,6B,7,8, and 9 $ 450,524Pecan Grove H&B Trail $ 30,000Star Trail H&B Trail Phases 1,2,3 and 4 $ 100,000Whitley Place H&B Trail (Powerline Easement) $ 280,000Frontier Park Storage $ 285,000

$3,960,524

70

FACILITY

Westside Radio Tower for Public Safety $ 500,000

$ 500,000

71

WATER

Custer Road Meter Station and Water Line Relocations $ 2,501,275Cook Lane (First - End) $ 400,000Broadway (Parvin – Craig) $ 150,000

$ 3,051,275

WASTEWATER

$ 0.0072

DRAINAGE

Frontier Park / Preston Lakes Drainage Improvements – (Design) $ 100,000

$ 100,000

73

Future Council Discussion ItemsField Utilization

Police Staffing Plan

Future Fire Station and Staffing Plan

Downtown Open Space

74

Key Dates in Budget Process

August 27 1st Public Hearing on Tax Rate and Budget September 5 2nd Public Hearing on Tax Rate and Budget

September 10 Council Adopts the FY 2019-2020 BudgetCouncil Sets the 2019 Tax Rate

October 1 Fiscal Year 2019-2020 Begins

75

Thank you!

Questions?76

Agenda Item 8.Executive SessionRecess 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:

8a. Section 551.087 – To discuss and consider economic development incentives.

8b. 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.

8c. Section 551.074 – To discuss and consider personnel matters and all matters incident and related thereto.

Agenda Item 9.Reconvene in Regular Session and take any action necessary as a result of the Closed Session.

Agenda Item 10.Possibly direct Town staff to schedule topic(s) for discussion at a future meeting.

Agenda Item 11.Adjourn.

Welcome to the Prosper Town Council Meeting.��The 5:45 Agenda Briefing takes place in the Executive Conference Room behind Council Chambers, and is�open to the public.��The Regular Meeting and Budget Work Session will begin in Council Chambers immediately following the Agenda Briefing at approximately 6:15 p.m.Agenda Briefing�July 09, 2019Slide Number 3Slide Number 4Slide Number 5Town Council Meeting�July 09, 2019Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Slide Number 18Slide Number 19Slide Number 20Slide Number 21Slide Number 22Slide Number 23Slide Number 24Slide Number 25Slide Number 26Slide Number 27Slide Number 28Slide Number 29Slide Number 30Slide Number 31Slide Number 32Slide Number 33Slide Number 34Slide Number 3520190709 Budget Work Session PPT.pdfTOWN COUNCIL�BUDGET WORK SESSIONReview 2019 Major Initiatives from �Strategic Planning SessionReview of FY 2019-2020 Budget CalendarFY 2018-2019 Budget HighlightsFY 2018-2019 General Fund Budget HighlightsFY 2018-2019 Water-Sewer Fund �Budget HighlightsGrowth PressuresGrowth PressuresGrowth Pressures – Public SafetySlide Number 10Slide Number 11Major Revenue StreamsSlide Number 13Appraised Values HistoryAverage Single-Family Home Value History2019 Preliminary Property ValuationsProperty Tax Reform – SB 2FY 2012-13 thru FY 2018-2019Tax Rate AnalysisSB 2 Strategies/ImpactsSlide Number 21Town’s Debt CapacityBond RatingsSlide Number 24Sales TaxSales Tax 8.25% Collected in the TownGF 1% Sales Tax Historical Net of TIRZ & Projected CollectionsPublic Safety Historical and Current FundingSlide Number 29Building Permit Rate StructureBuilding Permit Fee RevenueSlide Number 32Water & Sewer Fund Revenue �FY 2018-2019 Year End EstimatedWater-Sewer Rate Plan Rate ModelProposed FY 2020 Rate PlanProposed FY 2020 Water-Sewer Rate PlanHistorical & Forecast Annual Water Accounts �FY 2014 – FY 2023FY 2020 Water Usage by Customer ClassAverage Monthly Residential Bill ComparisonAverage Monthly Commercial Bill ComparisonMiscellaneous FeesPlan Review FeesThird Party Fees/ GeotechnicalInflow and Infiltration Fees�Actual Inflow Occurrences�Actual Inflow Occurrences�Items Reviewed�Slide Number 49Slide Number 50Slide Number 51Proposed Fee Schedule�Slide Number 53Slide Number 54Town Hall ImprovementsSlide Number 56Slide Number 57Slide Number 58Slide Number 59Slide Number 60Slide Number 61Slide Number 62Slide Number 63Slide Number 64Recently Completed & Under DesignCompletion in Next 5 YearsCompletion Beyond 5 YearsSlide Number 68Slide Number 69Slide Number 70Slide Number 71Slide Number 72Slide Number 73Future Council Discussion ItemsKey Dates in Budget ProcessSlide Number 76

welcome to the prosper town council meeting....pledge to the texas flag. pledge to the texas flag...

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