Minutes TC 07/16/2012MINUTES FROM REGULAR SESSION TOWN COUNCIL MEETING
FOR THE TOWN OF TROPHY CLUB
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, July 16, 2012 at 5:00 P.M.
Svore Municipal Building Boardroom
The Town Council of the Town of Trophy Club, Texas, met in a Regular Session on Monday, July 16,
2012. The meeting was held within the boundaries of the Town and was open to the public.
STATE OF TEXAS §
COUNTY OF DENTON §
TOWN COUNCIL MEMBERS PRESENT:
Connie White
Glenn Strother
Bill Rose
Jeannette Tiffany
Danny Mayer
Clint Schroeder
Mayor
Mayor Pro Tem arrived at 5:14 p.m.
Council Member
Council Member
Council Member
Council Member
STAFF AND GUEST(S) PRESENT:
Mike Slye Town Manager
Stephen Seidel Assistant Town Manager
Shannon DePrater Town Secretary
Patricia Adams Town Attorney
Scott Kniffen Police Chief
Danny Thomas Fire Chief
Michael Aguilera Finance Director
Carolyn Huggins Community Development Director
April Reiling PIO/Marketing Manager
Mayor White announced the date of July 16, 2012, called the meeting to order and announced a quorum
at 5:07 p.m.
WORKSHOP SESSION
1. Discuss and provide input regarding general issues and specific topics for consideration by
the Charter Review Commission as it commences review of the Town's Home Rule Charter.
Council member Tiffany shared that the Charter Review Commission met on Monday, June 25, 2012 for
their organizational meeting to discuss rules and procedures and discuss recommendations for chair and
vice chair. Town Manager Slye added that Town Attorney Adams gave a brief overview of the current
Charter.
Council determined it would be best to send their recommendations to Town Manager Slye for
consolidation and distribution to the Charter Review Commission.
Town Manager Slye asked to begin the FY13 Budget Overview and then move into the Presentation of
Compensation Study Findings.
3. FY13 Budget Overview; discussion of same.
Town Manager Slye gave an overview of the proposed FY13 Budget and addressed questions from the
Town Council.
2. Presentation of Compensation Study Findings; discussion of same.
Town Manager Slye welcomed and introduced Joe McFadin from Wellspring Human Capital
Management, LLC. Mr. McFadin presented his compensation study findings and addressed questions
from the Town Council.
Presentation included in the minutes.
Mayor White called a short break.
CONVENE INTO REGULAR SESSION -TIME 7:15 p.m.
The Invocation was offered by Council member Strother.
The Pledges were led by Council member Mayer.
6. Consider and take appropriate action regarding a Resolution recogmzlng and expressing
appreciation to the Team Captains and Volunteer Teams of this year's July 4th Stars and
Stripes flagging initiative.
Motion made by Mayer Pro Tem Strother, seconded by Council member Rose, to approve Resolution
2012-16 recognizing and expressing appreciation to the Team Captains and Volunteer Teams of this
year's July 4th Stars and Stripes flagging initiative. Motion carried unanimously.
Mayor White presented each team captain with a Certificate of Appreciation.
The following residents addressed the Town Council:
• Greg Lamont, 15 Avalon Drive
• Lourdes Hassler, 2212 Edinburgh
Mayor White recessed the Regular Session, called a short break, and reconvened into Workshop Session
at 8:00 p.m.
3. FY13 Budget Overview; discussion of same.
Town Manager Slye continued his overview of the proposed FY13 Budget and addressed questions from
the Town Council.
Presentation included in the minutes.
4. Discussion of agenda items posted for consideration on the Regular Session Council Agenda
for July 16, 2012.
No discussion.
5. Discussion of proposed agenda items for the August 6,2012 Regular Session Agenda.
No discussion.
Mayor White reconvened into Regular Session at 8:26 p.m.
July 16, 2012 Minutes Page 2 of6
CITIZEN PRESENTATIONS
This is an opportunity for citizens to address the Council on any matter whether or not it is posted on the
agenda. The Council is not permitted to take action on or discuss any presentations made to the Council
at this time concerning an item not listed on the agenda. The Council will hear presentations on specific
agenda items prior to the Council addressing those items. You may speak up to three (3) minutes or the
time limit determined by the Mayor or presiding officer. To speak during this item you must complete the
Speaker's form that includes the topic(s) of your statement. Topics of presentation should be limited to
matters over which the Council has authority.
The following residents addressed the Town Council:
• Larry Hoover, 1118 Berkshire Court addressed the Town Council regarding the workshop items-
salary versus turnover and the budget.
• Susan Edstrom, 269 Oakhill Drive addressed the Town Council requesting a joint use agreement
with Northwest Independent School District regarding Byron Nelson High School Library be
added to the Council's Future Agenda Items list. Ms. Edstrom also requested Staff's help with
Residents United for Trophy Club's project Library Friends.
CONSENT AGENDA
All matters listed as Consent Agenda are considered to be routine by the Town Council and will be
enacted by one motion. There will not be a separate discussion of these items. If discussion is desired,
that item will be removed from the consent agenda and will be considered separately.
7. Consider and take appropriate action regarding the Minutes dated June 18, 2012.
8. Consider and take appropriate action regarding an Interlocal Cooperation Agreement for Tax
Collection between Denton County and the Town of Trophy Club, and designating Michael
Aguilera, Director of Finance as the Liaison, and authorizing the Mayor or her designee to
execute all necessary documents.
9. Consider and take appropriate action regarding an Interlocal Cooperation Agreement for
Assessment Collection between Denton County and the Town of Trophy Club Public
Improvement District (PID) #1 Emergency Services, and designating Michael Aguilera, Director
of Finance as the Liaison, and authorizing the Mayor or her designee to execute the
Agreement.
10. Consider and take appropriate action regarding an Interlocal Cooperation Agreement for
Assessment Collection between Denton County and the Town of Trophy Club Public
Improvement District (PI D), and designating Michael Aguilera, Director of Finance as the
Liaison, and authorizing the Mayor or her designee to execute the Agreement.
11. Consider and take appropriate action regarding a Resolution of the Town Council of the Town
of Trophy Club, Texas amending Resolution No. 2012-09 to designate a Chair and Vice Chair
for the Charter Review CommisSion; and providing an effective date.
12. Consider and take appropriate action regarding a Resolution of the Town Council of the Town
of Trophy Club, Texas authorizing the Texas Coalition for Affordable Power ("TCAP") to seek
bids to cover the electric power needs of the Town, to negotiate an extension of the Town's
power supply and retail electric provider; and to authorize a representative of the Town to sign
a blend and extend or fixed price contract with TCAP.
Request made by Council member Rose to remove Consent Agenda Item 12.
Motion made by Mayor Pro Tem Strother, seconded by Council member Mayer, to approve consent
agenda items 7 -11 as presented. Motion carried unanimously.
July 16, 2012 Minutes Page 3 of6
Motion made by Council member Rose, seconded by Council member Mayer, to approve consent
agenda item 12 as presented at the dais. Motion carried unanimously.
REGULAR SESSION
13. Consider and take appropriate action regarding a Final Plat for Neighborhood 8, Phase 2A
(11.817 acres) located in the R. Allen Survey, Abstract No.5.
A. Subdividers Agreement -Consider and take appropriate action regarding a Subdivider's
Agreement between the Town and Lennar Homes of Texas Land and Construction, L TO.
for Neighborhood 8, Phase 2A; and authorizing the Mayor or her designee to execute all
necessary documents.
Motion made by Council member Mayer, seconded by Council member Tiffany, to approve the Final Plat
for Neighborhood 8, Phase 2A (11.817 acres) located in the R. Allen Survey, Abstract No.5, the
Subdivider's Agreement between the Town and Lennar Homes of Texas Land and Construction, LTD. for
Neighborhood 8, Phase 2A; and authorizing the Mayor or her designee to execute all necessary
documents with the amendment of the note by Staff. Motion carried 5-1, with Mayor White, Mayor Pro
Tem Strother and Council members Tiffany, Schroeder, and Mayer voting for and Council member Rose
voting against.
14. Consider and take appropriate action regarding Allied Waste/Republic Services' Regional
Contract Proposal for Solid Waste and Recycling Services options and authorizing Town
Manager Slye to execute all necessary documents.
The following residents addressed the Town Council:
• Jamie Powell, 2518 Strathfield Lane
• Susan Edstrom, 269 Oak Hill Drive
• Larry Hoover, 1118 Berkshire Court
• Michelle Reed, 10 Katie Lane
• Greg Lamont, 15 Avalon Drive
Motion made by Council member Tiffany, seconded by Council member Schroeder, to accept a trash pick
up one day a week using carts and the total cost would be $13.24 per resident with an 8% franchise fee
and two hazardous Waste events per year at no cost and the commercial increase of 5% would remain
flat for the MUD, and no CPI adjustment for the first two years.
Susan Edstrom, 269 Oak Hill Drive addressed the Council and requested Council not to take action this
evening and make sure that all issues are resolved; the Council is not compelled to take action this
evening.
Council member Schroeder withdrew his second.
Council member Schroeder reinstated his second.
Mayor Pro Tem Strother amended the motion, seconded by Council member Tiffany, to authorize the
Town Manager to go into negotiations with Republic, which also gives Community Development the
opportunity to draft an Ordinance and bring the final contract back to Council. Town Manager Slye
clarified that this would be for once a week pickup. Amended motion carried unanimously.
Original motion carried 4-2; with Mayor White, Mayor Pro Tem Strother and Council members Tiffany and
Schroeder voting for and Council members Rose and Mayer voting against.
Presentation incluc;led in the minutes.
July 16, 2012 Minutes Page 4 of6
15. Consider and take appropriate action authorizing Town Staff and Financial Advisor to proceed
with the necessary steps required to legally authorize the sale of Tax Notes in an amount not
to exceed $500,000.
Motion made by Council member Mayer, seconded by Council member Tiffany, to approve Town Staff
and Financial Advisor to proceed with the necessary steps required to legally authorize the sale of Tax
Notes in an amount not to exceed $500,000. Motion carried unanimously.
16. Town Council Liaison Updates; discussion of same.
-June 20, 2012 Parks & Recreation Board Meeting; Council member Tiffany
-June 25,2012 Charter Review Commission Meeting; Council member Tiffany
-June 26,2012 TCMUD No.1 Meeting; Council member Rose
-July 9, 2012 EDC 4B Meeting; Mayor Pro Tem Strother
Council liaisons updated the Council of their respective meetings and addressed questions. No action
taken, update only.
Mayor White moved back to Citizen Presentations.
CITIZEN PRESENTATIONS
This is an opportunity for citizens to address the Council on any matter whether or not it is posted on the
agenda. The Council is not permitted to take action on or discuss any presentations made to the Council
at this time concerning an item not listed on the agenda. The Council will hear presentations on specific
agenda items prior to the Council addressing those items. You may speak up to three (3) minutes or the
time limit determined by the Mayor or presiding officer. To speak during this item you must complete the
Speaker's form that includes the topic(s) of your statement. Topics of presentation should be limited to
matters over which the Council has authority.
Larry Hoover, 1118 Berkshire Court addressed the Town Council requesting the Charter Review
Commission review council term lengths.
17. Town Manager Slye's update regarding the following; discussion of same.
-July 4th Celebration
-Community Development
-Marketing Initiatives
-Police Department Awards
-Power Purchase Agreement
-September Meeting Dates: September 4, September 10 and September 24
-Transportation
Town Manager Slye updated the Council and addressed questions. No action taken, update only.
18. Mayor and Council Updates regarding training opportunities, educational sessions, and
regional meetings; discussion of same.
-June 19, 2012 Vision Trophy Club Committee Meeting
-June 20,2012 35W Coalition Membership Meeting
-June 21, 2012 Metroport Communities Meeting
-June 21,2012 Emergency Preparedness Planning Council Meeting
-June 29,2012 Women on Business Seminar
The Mayor and Council members gave a brief update of the meetings they attended since the last
Council meeting. No action taken, update only.
July 16, 2012 Minutes Page 5 of6
19. Items for Future Agendas.
This item allows Council to request the placement of items on upcoming agendas when the topic of
discussion requires research and review that cannot be accomplished in the time frame between regular
Council meetings. However, a Council Member may request that an item be placed on the next regularly
scheduled meeting without first placing that item on the Future Agenda Items list. All requests for agenda
items must comply with Charter requirements.
1. Consider and take appropriate action regarding procurement policies and their alignment with State
statutes. (Rose, 2/1110)
2. Consider and take appropriate action regarding noise regulations for Oil and Gas Well Drilling and
Production (Rose, 4126110)
3. Staff proposal regarding the amenity lakes, including associated costs to accept the amenity lakes
from the developer. (Stotts, 1014110)
4. Consider and take appropriate action regarding the creation of a "Going Green" initiative throughout
the Town. (White, 2/24/2011)
5. Consider and take appropriate action regarding updates to the Sign Ordinance (retail windows and
political signs) (White and Cantrell, 512/2011)
6. Consider and take appropriate action regarding ball park sign age. (Cantrell, 61612011)
7. Consider and take appropriate action regarding a Golf Cart Community. (Tiffany, 61612011)
8. Consider and take appropriate action regarding splash pad options at Harmony Park, including
input/direction from Council to Staff to start construction and have available next summer. (Strother,
8/1/2011)
9. Consider and take appropriate action regarding the possibility of erecting a marquee at the North
entrance of the Town and asking the MUD andlor developers to help with the funding. (Cantrell,
11/14/2011)
10. Consider and take appropriate action regarding Food Prep Carts for sporting events and special
events and to reviewlupdate Park Policies (Cantrell, 5/712012)
11. Review of #10 of Chapter 8 "Nuisances", Article I "Noise Nuisances", Section 1.01 "Nuisances
Defined" (Schroeder, 612112012)
Mayor White asked that Ms. Edstrom's request of a joint use agreement with Northwest Independent
School District regarding Byron Nelson High School Library be placed on the list.
ADJOURN
Motion made by Council member Rose, seconded by Council member Schroeder to adjourn. Motion
carried unanimously. Meeting adjourned at 12:00 a.m. on Tuesday, July 17, 2012.
Connie White, Mayor
Town of Trophy Club, Texas
July 16, 2012 Minutes Page 6 of6
Total Rewards Survey and Analysis
by Wellspring Human Capital Management, LLC.
What we do?
About Joe McFadin
Conduct total rewards survey
◦Salary
◦Benefits
Cost-share with other municipalities
Compare with selected regional municipalities
Customized, current, tailored surveys
Comparability to secondary sources not as
accurate
Town Participation
Internal Equity Market Competitiveness
Town furnished all current job descriptions
WHCM conducted thorough analysis
WHCM interviewed each employee
Administrator and Department Heads verified
information
WHCM completing new descriptions
Selection Criteria
◦Geographic proximity
◦Size of staff and population
◦General comparability
◦Actual and traditional competitors
◦High turnover positions
◦Extended vacancies
◦Difficulty finding qualified applicants
Town of Argyle City of Keller
Town of Bartonville City of Lake Dallas
City of Corinth City of Little Elm
Town of Double Oak City of Oak Point
City of Haslet Town of Ponder
Town of Hickory Creek City of Roanoke
City of Highland Village City of Southlake
City of Justin (Partner)Town of Northlake (Partner)
Comparability
◦Some larger
◦Some smaller
◦Most relatively comparable
Proximity
◦Reasonable distance
◦Possible commuting distance
Actual salaries
Pay ranges
Time in position
Perquisites
◦Vehicle (or allowance)
◦Uniform (or allowance)
◦Certification pay
◦Cell phone (or allowance)
◦Club memberships
Basic demographics
Historically
◦Public sector salaries below private sector
◦Balanced by above average benefits
Recently
◦Healthcare cost continue to rise
◦Public sector diluting healthcare benefits
◦Public sector salaries increase to remain
competitive with private sector
Currently
◦Benefits remain attraction and retention tool
Position in market –among the best
Minor deficiency
◦Long-term disability
◦Employee earning > $100,000 annually not fully
covered
.4% below average for all positions
5th of 11 rank among all participants
At least three comparisons for each position
Five positions fell below average minimums
Recommended salary ranges represent true minimums, mid-points and maximums in the selected market.
◦MINIMUM: Entry level starting salary with minimum qualifications.
◦Mid-Point: Seasoned incumbent with adequate experience and qualifications to perform job with minimal supervision.
◦Maximum: Seasoned incumbent with experience and qualifications that allow the incumbent to perform at exemplary level and mentor other employees.
1. Town of Trophy Club’s desired position in
the market
2. Incumbents’ position in respective salary
range
2. Internal equity
Survey included larger and smaller employers.
Historically, Town’s real competition for
recruiting and retaining employees leans
toward larger block of municipalities.
Recommended salary ranges represent the
50th percentile of all survey participants.
Is our desire to be at, below or above the 50th
percentile?
Management place actual incumbent salaries
within the respective range based upon:
◦Qualifications
◦Experience
◦Skills
Management adjusts individual salaries to:
◦Eliminate salary compression
◦Ensure more experienced incumbents with a greater
skill level are not making less salary than lesser
qualified employees.
Town staff qualifications at or above market
◦Culture –elected officials generally supportive
◦Management –positive and healthy work
environment
◦Potential –willingness to be paid at 50th percentile
because of current vision for Trophy Club
Adopt new salary range structure (Market Position)
Bring all salaries to new minimums
Management adjust salaries to position all employees in respective salary range based upon experience, qualifications and skill level.
Management adjust salaries of employees to ensure internal equity.
Conduct annual salary reviews
◦Performance pay
◦COLAs based on Employment Cost Index
Conduct triennial customized salary survey
Adjust Long-Term Disability plan
Town of Trophy Club
July 16, 2012
FY13 Preliminary
Budget Overview
Preliminary FY13 Budget
ACTUAL BUDGET BUDGET
FY11 FY12 FY13
ANTICIPATED REVENUE 11,641,291$ 10,406,034$ 10,625,114$
ANTICIPATED EXPENDITURES 11,101,166$ 10,354,253$ 10,409,752$
UNAPPROPRIATED BALANCE 540,125$ 51,782$ 215,362$
EXPENDITURES
Manager's Office 556,489$ 658,387$ 688,293$
Human Resources 90,060$ 87,146$ 93,271$
Information Systems 287,448$ 315,724$ 329,376$
Legal 146,881$ 161,909$ 166,161$
Police 1,463,179$ 1,686,885$ 1,853,460$
Emergency Medical Services 688,213$ 729,285$ 715,179$
Streets 384,513$ 441,687$ 453,728$
Medians -$ -$ 324,980$
Parks 951,328$ 1,129,529$ 896,879$
Recreation 571,805$ 594,156$ 604,258$
Planning & Zoning 154,225$ 156,769$ 161,936$
Community Development 189,425$ 259,809$ 338,567$
Finance 360,548$ 372,037$ 350,702$
Municipal Court 80,260$ 79,447$ 83,280$
Facilities Management 76,484$ 80,320$ 73,637$
Debt Service 1,354,955$ 1,358,316$ 1,445,638$
Trophy Club Park 113,935$ 116,443$ 125,133$
Street Maintenance Sales Tax 123,279$ 140,656$ 138,690$
EDC 4A 250,633$ 294,661$ 304,018$
EDC 4B 82,317$ 161,656$ 402,008$
Storm Drainage 220,665$ 130,000$ 381,309$
Hotel Occupancy Tax 20,500$ 20,975$ 18,540$
Court Technology -$ 24,550$ 2,375$
Court Security -$ 3,000$ 3,000$
Capital Projects Fund 2,934,024$ 1,350,906$ 455,336$
TOTAL 11,101,166$ 10,354,253$ 10,409,752$
Preliminary FY13 Budget
FUND ANALYSIS
ADOPTED PROPOSED
ACTUAL BUDGET BUDGET
FY11 FY12 FY13
GENERAL:
REVENUE 6,501,461$ 6,774,256$ 7,225,657$
EXPENSES 6,000,858$ 6,753,090$ 7,133,705$
NET 500,603$ 21,166$ 91,951$
DEBT SERVICE:
REVENUE 1,348,199$ 1,364,499$ 1,445,638$
EXPENSES 1,354,955$ 1,358,316$ 1,445,638$
NET (6,756)$ 6,183$ (0)$
TROPHY CLUB PARK:
REVENUE 117,019$ 120,000$ 125,000$
EXPENSES 113,935$ 116,443$ 125,133$
NET 3,084$ 3,557$ (133)$
STREET MAINTENANCE SALES TAX:
REVENUE 126,273$ 140,656$ 151,908$
EXPENSES 123,279$ 140,656$ 138,690$
NET 2,994$ -$ 13,218$
EDC 4A:
REVENUE 247,269$ 294,661$ 304,018$
EXPENSES 250,633$ 294,661$ 304,018$
NET (3,364)$ -$ -$
EDC 4B:
REVENUE 123,737$ 161,656$ 402,008$
EXPENSES 82,317$ 161,656$ 402,008$
NET 41,420$ -$ -$
Preliminary FY13 Budget
FUND ANALYSIS
ADOPTED PROPOSED
ACTUAL BUDGET BUDGET
FY11 FY12 FY13
STORM DRAINAGE:
REVENUE 220,665$ 130,000$ 397,900$
EXPENSES 220,665$ 130,000$ 381,309$
NET -$ -$ 16,591$
HOTEL OCCUPANCY:
REVENUE 22,644$ 21,050$ 111,050$
EXPENSES 20,500$ 20,975$ 18,540$
NET 2,144$ 75$ 92,510$
COURT TECHNOLOGY
REVENUE -$ 27,350$ 3,570$
EXPENSES -$ 24,550$ 2,375$
NET -$ 2,800$ 1,195$
COURT SECURITY
REVENUE -$ 3,000$ 3,030$
EXPENSES -$ 3,000$ 3,000$
NET -$ -$ 30$
CAPITAL PROJECTS FUND:
REVENUE 2,934,024$ 1,368,906$ 455,336$
EXPENSES 2,934,024$ 1,350,906$ 455,336$
NET -$ 18,000$ -$
TOTAL:
REVENUE 11,641,291$ 10,375,684$ 10,625,114$
EXPENSES 11,101,166$ 10,326,703$ 10,409,752$
NET 540,125$ 48,982$ 215,362$
Ad Valorem Tax Analysis
Budget Year FY13 $ Increase % Increase
Prior Year's Certified Value 827,614,671$
Prior Year's Levy 4,858,869$
Prior Year's M&O Tax Rate 0.41501$
Prior Year's I&S Tax Rate 0.11499$
Prior Year's Tax Rate 0.53000$
Current Year's Preliminary Value 893,823,845$ 66,209,174$ 8.00%
New 2011 Value 63,764,276$
Current Year's Net Preliminary Value 830,059,569$ 2,444,898$ 0.30%
Value of $.01 89,382$
Interest & Sinking Fund Beginning Balance 89,250$
FY13 G.O. Debt Service 1,225,825$
Total General Fund Debt Service Rqmt 1,136,575$
Proposed Ad Valorem Tax Rate Computation:
Proposed Tax Rate 0.405000$
Proposed Levy 4,002,720$
100% Collection Rate 4,002,720$
Proposed Ad Valorem Tax Rate for Debt Service:
Proposed Tax Rate 0.115000$
Proposed Levy 1,136,575$
100% Collection Rate 1,136,575$
Total Proposed Ad Valorem Tax Rate 0.5200$
PROPOSED AD VALOREM SCHEDULE
FY13 Budget Highlights
Preliminary values: 10.8% Increase as of 7/13/12
FY13 Budget based on 8% growth
Budget based on $0.52 Rate ($0.01 Rate Reduction)
Sales Tax Based on 8% Growth ($45K Increase)
275 Building Permits
2 New FTEs (Patrol Officers)
FY12 additions: Bldg Inspector, Permit Clerk, Code Enforcement, PT Animal
Control, 3 Parks Maint.
Median maintenance ($330K) moved to Streets Dept.
Organizational Debt Restructuring (No Tax Rate Increase)
Reallocation of Sales Tax Revenue (EDC 4A/4B) & CCPD
November Election -$9K Paid by EDC-4B
Long-term Capital Improvement Strategy
Health Insurance ($420 PEPM) –2%, 0%, 0%
3% COLA for all employees
Capital Accrual ($155,336)
Contingency ($20K)
Community Events
FY13 Capital Replacement
Replace 2 PD Admin Units ($53K)
2004 Ford Expedition
2007 Dodge Charger
Replace Irrigation Truck ($23K)
2001 Ford F-150
Replace Parks Equip: 3 Mowers & Mule ($35K)
IT Replacement Schedule ($44K)
TOTAL = $155,336
Storm Drainage Improvements:
Backed by $268K increase from new Stormwater Rate
$400K annual revenue
Fresh Meadow ($470K)
Overhill/Timber Ridge ($240K)
Continued Work on Regional Planning & Grants
Indian Creek Reconstruction (TBD)
DENCO ICA Amendment (Roundabout)
New DENCO ICA (Indian Creek)
FY13 Capital Improvements
EDC Debt Restructure:
Call Nov 2012 Election at August 20 Town Council Meeting
October 2012:
Call 2002 GO Bond = $880,000 ($660K Town Unreserved Fund Balance &
$220K EDC-4B Fund Balance)
EDC-4A Defease 2010 Tax Note & 2007 CO = $501,399 w/ Fund Balance
& Future Revenue
Nov 2012 Election –½ penny to EDC-4B
ILA with EDC-4B to Repay $660K
Call May 2013 Election –¼ penny to CCPD & Retire EDC-4A
Interest Savings = $240K
Debt Issuance:
2 Year $500K Tax Note @ 1% –Maintain our I&S rate of $0.1150
Feasibility study and initial architecture for facility
$89K Capital Purchases: $32K Outdoor Siren; $45K PD Video Equip; $11K
FD Manikins
Allow for $8 million debt issue in FY14
No Tax Rate Increase for Residents to Design/Construct
FY13 Capital Improvements
Tax Rate
3% COLA or Market Adjustment
EDC-4B Debt Restructure
Storm Drainage Improvements
$500K Debt Issuance & Long Term Plan
Assigned Capital Fund Balance
Community Events
Fall Festival: $8K
Tree City/Arbor Day: $14,500
FY13 Discussion Points
Lot Sizes –Neighborhood 8
TOTAL OF 184 LOTS
•5,250 square feet minimum
•65 lots larger than 6,000 square feet
•30 lots larger than 7,000 square feet
Lot Sizes –Neighborhood 8 –184 Lots
Platted with Phase 1 (74 lots) and 2A (45 lots):
62 lots with minimum 5,250 sq. ft.
31 lots with minimum 6,000 sq. ft.
26 lots with minimum 7,000 sq. ft.
119 TOTAL
The 65 remaining lots (Phase 2B) will require:
27 lots at minimum 5,250 sq. ft.
34 lots at minimum 6,000 sq. ft.
4 lots at minimum 7,000 sq. ft.
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