Loading...
Agenda Packet TC 04/21/2014Town Council Trophy Club Entities Meeting Agenda 100 Municipal Drive Trophy Club, Texas 76262 Svore Municipal Building Boardroom5:00 PMMonday, April 21, 2014 CALL TO ORDER AND ANNOUNCE A QUORUM WORKSHOP SESSION 1.2014-1040-T Discussion of agenda items posted for consideration on the Regular Session Council Agenda for April 21, 2014. 2.2014-1041-T Discussion of agenda items posted for consideration on the Regular Session Council Agenda for May 5, 2014. Draft Agenda for 5-5-2014 Agenda.pdfAttachments: 3.2014-1108-T Discuss and receive Council input regarding the Sports Association Subcommittee report relative to the use of sports facilities within the Town and contract terms with the youth soccer, football, and baseball associations. Staff Report - Sports Association Subcommittee Report.pdf Sports Association Subcommittee Report.pdf TCR Youth Association Contract.pdf Attachments: INVOCATION PLEDGES Pledge of allegiance to the American Flag. Pledge of allegiance to the Texas Flag. EXECUTIVE SESSION 4.2014-1049-T Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter 551, (the Texas Open Meetings Act) the Council will convene into closed executive session to discuss the following: A. To deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; (1) Town Manager, Mike Slye (2) Town Attorney, Patricia Adams (3) Town Secretary, Tammy Ard RECONVENE INTO REGULAR SESSION Town Council Page 1 of 465 Meeting Date: Monday, April 21, 2014 April 21, 2014Town Council Meeting Agenda 5.2014-1050-T Consider and take appropriate action regarding the Executive Session. 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. 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. 6.2014-883-T Consider and take appropriate action regarding the Minutes dated January 24, 2014 and January 25, 2014. TC Minutes - Council_Mgmnt Team Retreat 1-24-2014 & 1-25-2014.pdfAttachments: 7.2014-1042-T Consider and take appropriate action regarding the Minutes dated April 7, 2014. TC Minutes - April 7, 2014.pdfAttachments: 8.2014-1110-T Consider and take appropriate action regarding the Minutes dated April 15, 2014. TC Minutes - Special Joint Session with TC MUD No 1 April 15, 2014.pdfAttachments: 9.2014-1093-T Consider and take appropriate action regarding a requested change to the signage for Dr. Crumpton's medical office building, 301 Trophy Branch Drive, Lot 2R-1, Block B, Trophy Wood Business Center. Applicant: Curt Horak, Priority Signs and Graphics on behalf of David L. Crumpton. Staff Report - TC 042114 - Signage - Dr Crumpton.pdfAttachments: 10.2014-1094-T Consider and take appropriate action regarding a Resolution providing written consent of the Town to the annexation of a 2.532 acre tract of land located at Parkview Drive and Bobcat Blvd. at the request of the property owners, Trophy Club Village Centre, LLC, seeking annexation of the property into boundaries of the Trophy Club Municipal Utility District No. 1; seeking fire protection services and in-district water and wastewater services; and providing an effective date. Staff Report 042114.pdf RES 2014-12 Consent to annexation into MUD - TC Village Center.pdf Request for Annexation to Town.pdf Exhibit (Survey).pdf Attachments: Town Council Page 2 of 465 Meeting Date: Monday, April 21, 2014 April 21, 2014Town Council Meeting Agenda 11.2014-1109-T Consider and take appropriate action regarding an agreement between the Town and Tarrant County for Tarrant County's participation in Reinvesment Zone No.1, Town of Trophy Club; and providing an effective date. Staff Report - Agreement with Tarrant County to Participate in TIRZ #1.pdf Agreement with Tarrant County to Participate in TIRZ #1.pdf Attachments: PUBLIC HEARING 12.2014-1056-T Conduct a Public Hearing to consider the advisability of the creation of Reinvestment Zone Number Two, Town of Trophy Club, Texas, for tax increment financing purposes, the proposed zone being located within the boundaries of the Town on approximately 45 acres and located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive and other matters related to the proposed Zone. 13.2014-1111-T Conduct a Public Hearing to consider the advisability of the Drought Contingency Plan. REGULAR SESSION 14.2014-1043-T Consider and take appropriate action regarding a Proclamation declaring Thursday, May 1st as Day of Prayer in Trophy Club. PRO 2014-02 National Day of Prayer 2014.pdfAttachments: 15.2014-1095-T Consider and take appropriate action regarding a Proclamation declaring Saturday, April 26, 2014 as Arbor Day. PRO 2014-03 Arbor Day Recognition 2014.pdfAttachments: 16.2014-1044-T Annual Award Presentation to the Police Department; and discussion of the same. Staff Report - Annual Police Awards Presentation.pdfAttachments: 17.2014-1048-T Receive the Mayor's State of the Town Address; discussion of same. 18.2014-1031-T Consider and take appropriate action regarding an Ordinance of the Town designating a certain contiguous geographic area in the Town, approximately 45 acres located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive, as “Reinvestment Zone Number Two, Town of Trophy Club, Texas”; creating a Board of Directors for the Zone; providing effective and termination dates for the Zone; establishing a Tax Increment Fund for the Zone; containing other matters related to the Zone; and providing an effective date. Staff Report - TIRZ #2 Creation Ordinance - April 21 2014.pdf ORD 2014-09 Creation Ordinance for TIRZ #2 4-21-2014.pdf TIRZ #2 Boundary.pdf Public Hearing Notice TIRZ #2 for 4-21-2014.pdf TIRZ #2 Preliminary Project and Financing Plan 4-3-2014.pdf Attachments: Town Council Page 3 of 465 Meeting Date: Monday, April 21, 2014 April 21, 2014Town Council Meeting Agenda 19.2014-1076-T Consider and take appropriate action regarding a Resolution appointing citizens to serve on the Board of Directors for the newly created Reinvestment Zone Number Two, Town of Trophy Club, Texas; appointing a member of the Board of Directors of the Reinvestment Zone Number Two to serve as a chairperson for the board and designating staggered terms of service; providing for the appointment of a Chairperson; and providing an effective date. Staff Report - TIRZ #2 Board Appointments 4-21-2014.pdf RES 2014-08 Appointing Citizens to the TIRZ #2 Board 4-21-2014.pdf Attachments: 20.2014-1098-T Consider and take appropriate action regarding the award of the bid for the Indian Creek Drive Project and authorizing the Mayor or her designee to execute all necessary documents. Staff Report - Indian Creek Project.pdf Recommendation of Award and Bid Tabulation.pdf Attachments: 21.2014-1096-T Consider and take appropriate action regarding a resolution of the Town Council repealing Resolution No. 2012-28 adopting an investment policy and approving a new resolution adopting an investment policy for funds for the Town of Trophy Club; and providing an effective date. Staff Report - Investment Policy.pdf RES 2014-11 Investment Policy.pdf Town of Trophy Club Investment Policy 4-21-2014.pdf Attachments: 22.2014-1097-T Consider and take appropriate action regarding the Second Quarter Investment Report for Fiscal Year 2014. Staff Report - Second Quarter Investment Report.pdf Second Quarter Investment Report for Fiscal Year 2014.pdf Attachments: 23.2014-1032-T Consider and take appropriate action regarding a Resolution repealing that portion of Section 2 of Resolution No. 2013-22 ("The Annual Appointment Resolution") appointing citizens to serve on the Animal Shelter Advisory Board and adopting a new Resolution to fill one (1) vacancy on the Board and reaffirming existing appointments; and providing an effective date. Staff Report - Animal Shelter Board Appointment.pdf RES 2014-13 Repealing 2013-22 - Animal Advisory Board Filling a Vacancy.pdf Animal Shelter Advisory Board Application - Melissa Burns.pdf Animal Shelter Advisory Board Application - Donna Felton.pdf Animal Shelter Advisory Board Application - Lisa Owens.pdf Attachments: 24.2014-1099-T Consider and take appropriate action regarding a Resolution adopting the Drought Contingency and Emergency Water Management Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Staff Report - Drought Contingency and Emergency Water Management Plan.pdf RES 2014-10 Drought Contingency and Emergency Water Management Plan.pdf Drought Contingency and Emergency Water Management Plan.pdf Attachments: Town Council Page 4 of 465 Meeting Date: Monday, April 21, 2014 April 21, 2014Town Council Meeting Agenda 25.2014-1107-T Consider and take appropriate action regarding a Resolution adopting a Water Conservation Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Staff Report - Water Conservation Plan.pdf RES 2014-09 Water Conservation Plan.pdf Water Conservation Plan - April 2014.pdf Attachments: 26.2014-1103-T Town Council Liaison Updates; discussion of same. * Park Board - April 8, 2014 * EDC 4B - April 14, 2014 27.2014-1104-T Town Manager Slye's update regarding the following; discussion of same. * Election Update - Early Voting starts Monday, April 28 and ends Tuesday, May 6 - Canvas Election * 114/170 Transportation Update * 'The Fugitive' Update * Citizen University * Community Garage Sale - Saturday, May 3 28.2014-1105-T Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. * Tom Thumb Fuel Station Ribbon Cutting Ceremony - April 8 * Congressional Medal of Honor Escort - April 9 * TML - Small Cities Problem Solving - April 11 * Easter Eggstravaganza - April 12 * I-35 Coalition Quarterly Meeting - April 16 * Metroport Cities Partnership Meeting - April 17 29.2014-1106-T Review of Future Agenda Items. Town Council Future Agenda Items reflecting changes during 4-7-2014 TC Mtg.pdfAttachments: ADJOURN * The Town Council may convene into executive session to discuss posted items as allowed by the Texas Open Meeting Act, LGC.551.071 Town Council Page 5 of 465 Meeting Date: Monday, April 21, 2014 April 21, 2014Town Council Meeting Agenda CERTIFICATION I certify that the above notice was posted on the front window of the Svore Municipal Building, 100 Municipal Drive, Trophy Club, Texas, on Thursday, April 17, 2014 by 6:00 P.M. in accordance with Chapter 551, Texas Government Code. Tammy Ard Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 682-831-4600, 48 hours in advance, and reasonable accommodations will be made to assist you. I certify that the attached notice and agenda of items to be considered by this Board was removed by me from the front window of the Svore Municipal Building, 100 Municipal Drive, Trophy Club, Texas, on the __________ day of April, 2014. ________________________________, Title: ___________________________ Town Council Page 6 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1040-T Name: Status:Type:Agenda Item Workshop File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Discussion of agenda items posted for consideration on the Regular Session Council Agenda for April 21, 2014. Attachments: Action ByDate Action ResultVer. Discussion of agenda items posted for consideration on the Regular Session Council Agenda for April 21, 2014. Town Council Page 7 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1041-T Name: Status:Type:Agenda Item Workshop File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Discussion of agenda items posted for consideration on the Regular Session Council Agenda for May 5, 2014. Attachments:Draft Agenda for 5-5-2014 Agenda.pdf Action ByDate Action ResultVer. Discussion of agenda items posted for consideration on the Regular Session Council Agenda for May 5, 2014. Town Council Page 8 of 465 Meeting Date: Monday, April 21, 2014 Meeting Date 5/5/2014 File ID Dept Discussion of agenda items posted for consideration on the Regular Session Council Agenda for May 5, 2014.Town Sec Discussion of agenda items posted for consideration on the Regular Session Council Agenda for May 19, 2014.Town Sec Consider and take appropriate action regarding the Minutes dated April 21, 2014.Town Sec Consider and take appropriate action regarding a Proclamation declaring May 11 - 17, 2014 as National Police Week.Town Sec Consider and take appropriate action regarding a Proclamation declaring May 18 -24, 2014 as Emergency Medical Services (EMS) Week.Town Sec Consider and take appropriate action regarding a Proclamation declaring May 18 -24, 2014 as Public Works Week.Town Sec Conduct a Public Hearing to consider the advisability of the creation of Reinvestment Zone Number Two, Town of Trophy Club,Texas,for tax increment financing purposes, the proposed zone being located within the boundaries of the Town on approximately 45 acres and located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive and other matters related to the proposed Zone. EDC 4B Resolution 2014-1074-T Town Attorney Recognition of the 2013 Citizen of the Year Nominees and announce the receipients; discussion of the same.2014-1047-T PIO Consider and take appropriate action regarding a request for approval of a Final Plat for Canterbury Hills, Phase 3 (20.716 acres) located out of the M. Medlin Survey, Abstract No. 832 in the Town of Trophy Club, Denton County, Texas 2014-1066-T CD ILA with City of Keller for use of jail PD Investment Resolution - Lonestar Finance Investment Resolution - Texstar Finance Procurement & Travel Policy 2014-1045-T Finance Town Council Liaison Updates; discussion of same: Scheduled by meetings Town Sec Town Manager Slye's update regarding the following; discussion of same.Town Mgr * Election Day Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same.Town Sec Items for Future Agendas. Consider and take appropriate action regarding the Executive Session.Town Sec Workshop Consent Regular Session Executive Session Public Hearing Town Council Page 9 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1108-T Name: Status:Type:Agenda Item Workshop File created:In control:4/14/2014 Town Council On agenda:Final action:4/21/2014 Title:Discuss and receive Council input regarding the Sports Association Subcommittee report relative to the use of sports facilities within the Town and contract terms with the youth soccer, football, and baseball associations. Attachments:Staff Report - Sports Association Subcommittee Report.pdf Sports Association Subcommittee Report.pdf TCR Youth Association Contract.pdf Action ByDate Action ResultVer. Discuss and receive Council input regarding the Sports Association Subcommittee report relative to the use of sports facilities within the Town and contract terms with the youth soccer, football, and baseball associations. Town Council Page 10 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Adam Adams, Parks & Recreation Director CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Sports Association Subcommittee Report Town Council Meeting, Monday, April 21, 2014 Agenda Item: Discuss and receive Council input regarding the Sports Association Subcommittee report relative to the use of sports facilities within the Town and contract terms with the youth soccer, football, and baseball associations. Explanation: Following direction from Council, the Parks and Recreation Board created a Sports Association Subcommittee to examine various aspects of all the youth sports associations and bring back their findings to the Board. They brought their recommendations to the Board for input on April 8, 2014; the Board made some minor suggestions at that time. We are now bringing it before Council to solicit their opinions and ideas they have at this point in the process. The Parks and Recreation Board will review the Subcommittees final recommendations at the Board’s May 13, 2014 meeting. Attachments: • Sports Association Subcommittee Report • TCR Youth Baseball Association Contract Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Town Council Page 11 of 465 Meeting Date: Monday, April 21, 2014 Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Discuss and receive input from Town Council. Town Council Page 12 of 465 Meeting Date: Monday, April 21, 2014 Sports Association Subcommittee Report on the Youth Athletic Associations The committee met a total of six times and spoke with the various boards and members of the youth soccer, football and baseball associations. The committee created a list of both general and specific questions to address different and like aspects of each association. We looked at each association’s financials until we understood the operational aspects of each one. We also sought staff’s input throughout this process as their relationship with the associations generally was to enable the associations to utilize the Town’s facilities in the best manner possible while at the same time protecting the capital assets that were purchased by the all the tax payers of Trophy Club. The committee’s two main goals were not to dictate how each association would or should be run but that each association’s relationship with the Town was generally equitable for all parties and that recreational play was available to all Trophy Club Children. The questions we asked of them were mainly in the following categories: 1. Financials 2. Recreation and Select Practice and Play 3. Residential and Non-Residential Usage 4. Tournament Play 5. Maintenance and Capacity Considerations Next we will explain our findings and recommendations for each association using the five categories: Baseball Observations: 1. Financials - The committee saw no discrepancies within their financials but did note the following: a. The association’s bank account is used to process and distribute revenues from both select and rec teams. b. Select team’s revenues and expenses are tracked separately. c. Each select team is responsible for maintaining their own bank within this fund with their monies being generated primarily by select tournament fund raisers d. The association maintains reserves that are earmarked for improvements to Independence Park. 2. Recreation and Select Practice and Play - The committee saw nothing wrong with baseball’s operation in this area but the general consensus was that select play experienced more ancillary benefits in the use of our facilities than rec teams (although this was similar for other cities as well) and noted the following: a. Select teams practice before and after the regular season. b. Select teams host tournaments for fund raising at no cost to themselves. c. Tournaments held during the season would diminish rec time on the fields as only select participates in these tournaments. 3. Residential and Non-Residential Use - Decisions in this area are primarily policy decisions as many cities do charge differently for residents vs non-residents but the difference is negligible and all of our associations are multi-city associations. Currently the following standards are in place: Town Council Page 13 of 465 Meeting Date: Monday, April 21, 2014 a. Residents and non-residents pay the same. b. Trophy Club residents account for the largest user group within the association. c. No Trophy Club children have ever been turned away from rec league play 4. Tournament Play - Home-field tournament play primarily benefits select play as fund raising opportunities, however the volunteers for such play are almost exclusively select parents. We noted the following concerning tournament play: a. The free tournaments actually cost the Town money due to labor, electricity, and materials being provided by the Town for such play. We estimate each tournament costs the Town around $2,000. b. In large tournaments the cities hosting the tournament benefits directly due to the tournaments commercial impact; unfortunately this is minimal to Trophy Club at this time. c. Most tournaments held either by the association or an outside vendor utilizes other fields in addition to those at Independence Park. d. Tournaments held during the regular season could diminish rec access to the fields. e. Tournament play occasionally requires paid concession workers if there are insufficient volunteers. f. Tournaments held during the regular season create additional shifts for all staff and create additional overtime usage. g. All-Stars is the only recreation tournament but this is standard in all cities. 5. Maintenance and Capacity Considerations - This along with Tournaments were the areas that concerned staff the most. We noted that baseball had never really gauged the capacity limits of our facilities. We noted the following: a. Baseball feels both our and Roanoke fields are at capacity with 833 children registering for the spring season. b. Independence East was created as a game facility only but there are some practices being held there. c. Independence East and West during the season (West during practice) are utilized seven days a week. d. The remaining population of the Highlands has not been accounted for concerning the capacity on our fields. e. Staff feels that our fields are slowly degrading due to over use. f. Future water restrictions could cause additional damage to the fields and restrict usage even more. Baseball Recommendations: 1. Financials - The Subcommittee has no recommendations in this area. 2. Recreation and Select Practice and Play - The Subcommittee recommends: a. Recreation teams continue to pay $10 per child per season as a pass-through cost to the Town. b. Select teams pay $20 per child per season as a pass-through cost to the Town. c. The association shall give priority to recreational play and shall not deny access to any child wanting to play recreation baseball. d. To play recreation baseball the child must reside within the geographic boundaries that serve Byron Nelson High School (baseball asked us to do more research in this area/soccer does not use these boundaries). Town Council Page 14 of 465 Meeting Date: Monday, April 21, 2014 3. Residential and Non-Residential Use - The Subcommittee has no recommendation. 4. Tournament Play - The Subcommittee recommends the following: a. The baseball association shall be allowed to hold three tournaments per year at a cost of $2,000 per tournament (currently the Town gives them three tournaments at no cost). b. Only one tournament per season shall be allowed during the regular season with all other tournaments being held before or after the season (this addresses baseball association only). c. The All-Stars tournament shall be exempt from rental fees (the general direction was to assist recreational ball if possible). 5. Maintenance and Capacity Considerations - The Subcommittee recommends the following: a. The baseball association shall designate one day per week in which there will be no practice or games allowed on that day. b. There shall be no use of Independence East other than for coach-look or game play. c. As has been done previously the fields will be closed for a period yet to be determined after the end of Fall and Spring baseball. d. Our fields will not be rented out to any organization other than for tournament play. Soccer Observations: 1. Financials - The committee saw no discrepancies within their financials but did note the following: a. Soccer has the largest reserves of any of the associations but they have these funds set- aside for future land improvements and acquisition and facility upgrades. b. Soccer does pay people contractually to run skills camps and camps for improving coaching. 2. Recreation and Select Practice and Play - Soccer is a recreation league at this time. 3. Residential and Non-Residential Use- The organization soccer is part of is not in any way tied to school district boundaries. There are no other options at this time. 4. Tournament Play - Soccer normally does not engage in tournaments and Roanoke at this time has the better game fields. 5. Maintenance and Capacity Considerations - Soccer currently provides paint for striping and seed for over-seeding. Justin also provides fields. The level of maintenance is much lower than baseball. Soccer Recommendations: We only have three recommendations for Soccer: 1. We establish a tournament fee in the event they hold a tournament. 2. We only let this organization use the fields. 3. At the request of the organization we determine the amount of supplies they will purchase for the Town as opposed to a pass-through payment. Football Observations: 1. Financials - The committee saw no discrepancies within their financials. They have the smallest reserves of any of the organizations. Town Council Page 15 of 465 Meeting Date: Monday, April 21, 2014 2. Recreation and Select Practice and Play - Football is recreation play only. 3. Residential and Non-Residential Use - Football played in Trophy Club is composed primarily of children from Trophy Club and Roanoke. 4. Tournament Play - They will never have tournaments. 5. Maintenance and Capacity Considerations - Football uses only a practice field for six months out of the year and requires the least amount of maintenance of any organization. Football Recommendations: We have no recommendations for football except that they probably should remain fee free due to the minimal costs to the Town. Town Council Page 16 of 465 Meeting Date: Monday, April 21, 2014 T o w n C o u n c i l P a g e 1 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 1 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 1 9 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 0 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 1 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 2 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 3 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 4 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 5 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1049-T Name: Status:Type:Agenda Item Executive Session File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter 551, (the Texas Open Meetings Act) the Council will convene into closed executive session to discuss the following: A. To deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; (1) Town Manager, Mike Slye (2) Town Attorney, Patricia Adams (3) Town Secretary, Tammy Ard Attachments: Action ByDate Action ResultVer. Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter 551, (the Texas Open Meetings Act) the Council will convene into closed executive session to discuss the following: A. To deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; (1) Town Manager, Mike Slye (2) Town Attorney, Patricia Adams (3) Town Secretary, Tammy Ard Town Council Page 29 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1050-T Name: Status:Type:Agenda Item Regular Session File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding the Executive Session. Attachments: Action ByDate Action ResultVer. Consider and take appropriate action regarding the Executive Session. Town Council Page 30 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-883-T Name: Status:Type:Agenda Item Consent Agenda File created:In control:1/25/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding the Minutes dated January 24, 2014 and January 25, 2014. Attachments:TC Minutes - Council_Mgmnt Team Retreat 1-24-2014 & 1-25-2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the Minutes dated January 24, 2014 and January 25, 2014. Town Council Page 31 of 465 Meeting Date: Monday, April 21, 2014 MINUTES FROM COUNCIL/MANAGEMENT RETREAT FOR THE TOWN OF TROPHY CLUB LOCATION: Robson Ranch Clubhouse 9400 Ed Robson Boulevard Denton, TX 76207 Friday, January 24, 2014 at 9:00 A.M. Saturday, January 25, 2014 at 8:00 A.M. The Town Council of the Town of Trophy Club and the Town of Trophy Club Management Team, Texas, met in a Retreat Session on Friday, January 24, 2014 and Saturday, January 25, 2014. STATE OF TEXAS § COUNTY OF DENTON § TOWN COUNCIL MEMBERS PRESENT: Connie White Mayor Jeannette Tiffany Mayor Pro Tem, Place 2 Philip Shoffner Council Member, Place 6 Greg Lamont Council Member, Place 5 Danny Mayer Council Member, Place 4 Clint Schroeder Council Member, Place 3 departed 12:00 p.m. Bill Rose Council Member, Place 1 STAFF AND GUEST(S) PRESENT: Mike Slye Town Manager Stephen Seidel Assistant Town Manager Tammy Ard Town Secretary arrived at 1:00 p.m. Patricia Adams Town Attorney Mayor White announced the date of January 24, 2014, called the Town Council to order and announced a quorum at 9:12 a.m. CONVENE INTO COUNCIL RETREAT SESSION 1. Welcome Team Building/Communication Review and update current Strategy Map Review and update goals/objectives and budget priorities Mike Mowery of Strategic Government Resources, (SGR) served as the facilitator. The purpose of the retreat (1) to strengthen the team’s cohesiveness and (2) to develop the strategic Hits and Misses Chart for 2014, establishing priorities under each of the Six Main Categories. Mike Mowery’s Final Report is attached. ADJOURN Motion made by Council Member Rose, seconded by Council Member Shoffner, to adjourn. Motion carried unanimously. Meeting adjourned at 5:05 p.m. RECONVENE INTO COUNCIL RETREAT SESSION - SATURDAY, JANUARY 25, 2014 TOWN COUNCIL MEMBERS PRESENT: Connie White Mayor Jeannette Tiffany Mayor Pro Tem, Place 2 Town Council Page 32 of 465 Meeting Date: Monday, April 21, 2014 Philip Shoffner Council Member, Place 6 Greg Lamont Council Member, Place 5 Danny Mayer Council Member, Place 4 Bill Rose Council Member, Place 1 TOWN COUNCIL MEMBERS ABSENT: Clint Schroeder Council Member, Place 3 STAFF AND GUEST(S) PRESENT: Mike Slye Town Manager Stephen Seidel Assistant Town Manager Tammy Ard Town Secretary Patricia Adams Town Attorney April Reiling PIO/Marketing Manager Danny Thomas Fire Chief Scott Kniffen Police Chief Steven Glickman Finance Director Carolyn Huggins Community Development Director Adam Adams Parks and Recreation Director Mike Pastor Information Systems Director Ed Helton Streets Director Mayor White announced the date of January 25, 2014, called the Town Council to order and announced a quorum at 8:15 a.m. 2. Welcome Review of Friday’s Discussion Continue review and update current Strategy Map Continue review and update goals/objectives and budget priorities ADJOURN Motion made by Council Member Rose, seconded by Council Member Mayer, to adjourn. Motion carried unanimously. Meeting adjourned at 2:43 p.m. ___________________________________ ___________________________________ Tammy Ard, Town Secretary Connie White, Mayor Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 33 of 465 Meeting Date: Monday, April 21, 2014 Trophy Club Council Retreat January 24-25, 2014 Final Report The Town of Trophy Club held a Council Retreat on January 24-25, 2014 with Dr. Mike Mowery of Strategic Government Resources, (SGR) serving as the facilitator. All Council Members were present at the retreat. The City Manager and the Assistant City Manager were present. Department Heads were also present on Saturday. The purpose of the workshop was two-fold. The first purpose was to strengthen the team’s cohesiveness and the second was to develop the strategic Hits and Misses Chart for 2014, establishing priorities under each of the Six Main Categories. Through the dialogue together, the Council determined that several factors were contributing to a low level of trust within the Council and that this lack of trust was hindering the effectiveness of the Council, the Council’s interactions with Staff, and the Council’s reputation with citizens and customers. The most prominent of these factors were determined to be: • The history of events that have taken place in the past, which have eroded trust • Bitter campaigns that have left damaged relationships within the Council • Personal agendas from individual Council members that may not be in alignment with the Council’s adopted goals • Behaviors outside of Council meetings, including online posts • Ignoring the will of the people • Inability to agree on proper protocol for attending meetings by boards appointed by the Council Building Trust The participants identified ways that the Council could build trust with citizens, with the staff, and within their team. A summary of those things is presented below. How Council can Build Trust with Citizens 1. Walk the Walk. 2. Say what you will do and do what you say you will do. 3. Present a unified message from Council and Staff. Town Council Page 34 of 465 Meeting Date: Monday, April 21, 2014 4. Have a Centralized Communication System so that everyone on the Council and Executive Management Team are all ambassadors through the town’s website and of the town’s website. 5. Be more engaged with the community so that the people see Council more. 6. Delegate responsibilities more so that people can receive return calls promptly even it is not from the person the citizen originally called. Seek to be responsive and informative. 7. Get in front of issues by communicating plans early. 8. Let the community know the Council and the staff more personally. 9. Create more “FAQ’s” to publish. 10. Make use of a “Citizen University.” 11. Keep confidences confidential. 12. Admit mistakes. 13. Make some hard copies of the newsletter. How Council can Build Trust with Staff 1. Ask questions of staff before meetings so as not ambushing them just before or during Council Meetings. 2. Refer resident inquiries to staff rather than answering them or at least touching base with the staff before giving answers. 3. Show mutual respect for the person and for the work of the staff member. 4. Understand the process. Have an understanding of where information comes from. 5. If emailing staff, copy the City Manager on the email. 6. As a rule of thumb, follow the pattern that: “Council talks to Council and Staff talks to Staff,” which recognizes and honors the roles and responsibilities of both Council and Staff. 7. Get to know the Executive Management Team members better. 8. Be honest with staff. 9. Retain confidentiality. 10. Protect the staff. 11. Embrace the expectation that the staff will carry out Council Directives through the Town Manager. How Council can Build Trust with Each Other 1. Be present, on time, and prepared for meetings. 2. Keep confidentiality within the Council. 3. Accept that no one is perfect. Do not expect others to live up to a standard that you cannot live up to either. 4. Develop a shared vision and strive to stay focused on that vision. 5. While discussions and disagreements may take place within the Council, attempt to provide a united front to the community and customers. 6. Follow up on communications so that you are able to close the loop. Town Council Page 35 of 465 Meeting Date: Monday, April 21, 2014 Recommendations 1. Council should affirm and formally adopt these principles in a timely manner. 2. Consider clarifying expectations about attending board meetings and making sure that meetings are recorded so that Council members can observe the discussions. 3. Review the orientation process for new Council members so that protocol and the reasons for protocols are understood. 4. Hold Council retreats for team building purposes as soon after new Council Members are elected as is feasible. Ranked Priorities Trophy Club has established Six Areas of Priority as the key parts of its Strategy Map. The Council reaffirmed these priorities during the retreat and updated the Strategic Hits and Misses Chart for 2014. The key goals were also prioritized through voting on each one using the following ranking scale. 1. Highest Priority 2. Important Priority 3. Average Priority 4. Low Priority To establish the top priorities, a weighted scale was used: 4 Points for Highest Priority; 3 Points for Important Priority; 2 Points for Average Priority; 1 Point for Low Priority. The number in parenthesis represents this weighted scale. * Note that there is not a summary graph after Safe and Secure Priorities because the voting system used for this section did not generate this graph. The priorities are ranked below. Following the rankings, the graphs from the voting are listed. Safe and Secure Priorities Priorities in Ranked Order: 1. Police Facility (376) 2. Data Security (344) 3. Emergency Communication Issues (313) 4. Emergency Communications and Outreach (285) 5. Emergency Access Entrance/Trailhead for TCP (277) 6. Loop Road (272) 7. Business Continuity Plan (261) 8. Emergency Management Exercise (251) Town Council Page 36 of 465 Meeting Date: Monday, April 21, 2014 9. Funding for SRO Issues (236) 10. Academies/Education (223) 11. Security and Safety Lighting for Intersections (220) 12. Funding for Emergency Volunteers (214) 13. Field at Lakeview that needs upgrade (209) 14. CERT Teams trained (191) 15. Sidewalks (152) Business-Friendly Economic Development Priorities Priorities in Ranked Order: 1. Create an environment of respect (375) 2. Attract new businesses (367) 3. Commercial development opportunities (344) 4. Effective relationships with developers (335) 5. Evaluate and improve development process (286) 6. Implement EDC strategic plan (285) 7. Developer incentive plans (285) 8. Updating Comprehensive Plan (267) 9. Land acquisition (244) 10. Long range strategy for redevelopment (219) 11. Regional efforts for economic development (184) 12. Ordinances Revisions (133) Strong Partnerships and Community Involvement Priorities in Ranked Order 1. Town Image and Reputation (338) 2. Strengthen Relationships with Town Boards (330) 3. Pursue Grant Opportunities (328) 4. Communication Plan Development (295) 5. PID/MUD Education (286) 6. More Involvement with HOA’s and Community Organizations (284) 7. Long Term Plan with MUD (262) 8. Improve Relationship with MUD (255) 9. Establish a Branding Event for Trophy Club (240) 10. Build Stronger Business Relationships with local Governments (239) 11. Hire a Volunteer Coordinator/Grant Writer (229) 12. Citizen University (216) 13. Partnership with Parks (209) 14. Improve Annual Report (206) 15. Encourage Citizen Participation in Skunk Work Programs (203) 16. Regional Pathway Connectivity (176) Town Council Page 37 of 465 Meeting Date: Monday, April 21, 2014 Picturesque and Environmentally Sound Priorities Priorities in Ranked Order 1. Sign Ordinance Updated and Expanded (316) 2. Water Conscientious Town (277) 3. Code Improvements (270) 4. Entrance Monument Improvements (256) 5. Continued Beautification Efforts (251) 6. Energy Efficient Equipment (249) 7. Median Maintenance (240) 8. Recycling Program in the Parks (225) 9. Directional Monuments (224) 10. Attract Visitors to Park Destinations (217) 11. LED Street Lighting (196) 12. Open Space Utilization (184) 13. Pursue Sustainability (172) Infrastructure and Asset Management Priorities Priorities in Ranked Order 1. Town Hall (356) 2. Address Water Needs in Parks (305) 3. PID Utility Service Agreement (302) 4. Manage Drain/Flood Issues (264) 5. Public Works Yard (244) 6. Civic Center/Convention Center (209) 7. Code Enforcement (197) 8. Restroom Facilities at Dog Park/Playground (194) 9. Trophy Club Park Enhancements (183) 10. Parks & Trails Development (173) 11. Develop Internal Connecting Trails (173) 12. Trail Connecting TC Drive & Indian Creek (161) 13. Lights at Dog Park/Playground (150) 14. Trail from Forest Hill to Harmony Park (145) Financial and Operational Stewardship Priority Rankings: 1. Codification (317) 2. Maintain Financial Transparency (308) 3. Long Term Financial Plans (295) 4. GFOA Recognition for Financial and Budget Management (293) Town Council Page 38 of 465 Meeting Date: Monday, April 21, 2014 5. Content Manager Implementation (278) 6. Implement GIS System (271) 7. Update Personnel Policies (261) 8. Implement Standard Business Plans (234) 9. Citizen Survey (218) 10. Service Cost Analysis (184) 11. Revenue Diversification (183) Ranked Priorities with Voting Graphs Safe and Secure Priorities Priorities in Ranked Order 1. Police Facility (376) 2. Data Security (344) 3. Emergency Communication Issues (313) 4. Emergency Communications and Outreach (285) 5. Emergency Access Entrance/Trailhead for TCP (277) 6. Loop Road (272) 7. Business Continuity Plan (261) 8. Emergency Management Exercise (251) 9. Funding for SRO Issues (236) 10. Academies/Education (223) 11. Security and Safety Lighting for Intersections (220) 12. Funding for Emergency Volunteers (214) 13. Field at Lakeview that needs upgrade (209) 14. CERT Teams trained (191) 15. Sidewalks (152) Town Council Page 39 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 40 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 41 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 42 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 43 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 44 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 45 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 46 of 465 Meeting Date: Monday, April 21, 2014 Business-Friendly Economic Development Priorities Priorities in Ranked Order: 1. Create an environment of respect (375) 2. Attract new businesses (367) 3. Commercial development opportunities (344) 4. Effective relationships with developers (335) 5. Evaluate and improve development process (286) 6. Implement EDC strategic plan (285) 7. Developer incentive plans (285) 8. Updating Comprehensive Plan (267) 9. Land acquisition (244) 10. Long range strategy for redevelopment (219) 11. Regional efforts for economic development (184) 12. Ordinances Revisions (133) Town Council Page 47 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 48 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 49 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 50 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 51 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 52 of 465 Meeting Date: Monday, April 21, 2014 The following Graph shows how the priorities compared with each other. On this graph, the lower the number, the higher priority. Town Council Page 53 of 465 Meeting Date: Monday, April 21, 2014 Strong Partnerships and Community Involvement Priorities in Ranked Order 1. Town Image and Reputation (338) 2. Strengthen Relationships with Town Boards (330) 3. Pursue Grant Opportunities (328) 4. Communication Plan Development (295) 5. PID/MUD Education (286) 6. More Involvement with HOA’s and Community Organizations (284) 7. Long Term Plan with MUD (262) 8. Improve Relationship with MUD (255) 9. Establish a Branding Event for Trophy Club (240) 10. Build Stronger Business Relationships with local Governments (239) 11. Hire a Volunteer Coordinator/Grant Writer (229) 12. Citizen University (216) 13. Partnership with Parks (209) 14. Improve Annual Report (206) 15. Encourage Citizen Participation in Skunk Work Programs (203) 16. Regional Pathway Connectivity (176) Town Council Page 54 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 55 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 56 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 57 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 58 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 59 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 60 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 61 of 465 Meeting Date: Monday, April 21, 2014 The following graph shows how the priorities compared with each other. On this graph, the lower the number, the higher priority. Town Council Page 62 of 465 Meeting Date: Monday, April 21, 2014 Picturesque and Environmentally Sound Priorities Priorities in Ranked Order 1. Sign Ordinance Updated and Expanded (316) 2. Water Conscientious Town (277) 3. Code Improvements (270) 4. Entrance Monument Improvements (256) 5. Continued Beautification Efforts (251) 6. Energy Efficient Equipment (249) 7. Median Maintenance (240) 8. Recycling Program in the Parks (225) 9. Directional Monuments (224) 10. Attract Visitors to Park Destinations (217) 11. LED Street Lighting (196) 12. Open Space Utilization (184) 13. Pursue Sustainability (172) Town Council Page 63 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 64 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 65 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 66 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 67 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 68 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 69 of 465 Meeting Date: Monday, April 21, 2014 The following Graph shows how the priorities compare with each other. On this graph, the lower the number, the higher the priority. Town Council Page 70 of 465 Meeting Date: Monday, April 21, 2014 Infrastructure and Asset Management Priorities Priorities in Ranked Order 1. Town Hall (356) 2. Address Water Needs in Parks (305) 3. PID Utility Service Agreement (302) 4. Manage Drain/Flood Issues (264) 5. Public Works Yard (244) 6. Civic Center/Convention Center (209) 7. Code Enforcement (197) 8. Restroom Facilities at Dog Park/Playground (194) 9. Trophy Club Park Enhancements (183) 10. Parks & Trails Development (173) 11. Develop Internal Connecting Trails (173) 12. Trail Connecting TC Drive & Indian Creek (161) 13. Lights at Dog Park/Playground (150) 14. Trail from Forest Hill to Harmony Park (145) Town Council Page 71 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 72 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 73 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 74 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 75 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 76 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 77 of 465 Meeting Date: Monday, April 21, 2014 The following Graph shows the priorities as they compare with each other. On this graph, the lower the number, the higher the priority. Town Council Page 78 of 465 Meeting Date: Monday, April 21, 2014 Financial and Operational Stewardship Priority Rankings: 1. Codification (317) 2. Maintain Financial Transparency (308) 3. Long Term Financial Plans (295) 4. GFOA Recognition for Financial and Budget Management (293) 5. Content Manager Implementation (278) 6. Implement GIS System (271) 7. Update Personnel Policies (261) 8. Implement Standard Business Plans (234) 9. Citizen Survey (218) 10. Service Cost Analysis (184) 11. Revenue Diversification (183) Town Council Page 79 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 80 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 81 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 82 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 83 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 84 of 465 Meeting Date: Monday, April 21, 2014 The following graph shows the priorities for Financial and Operational Stewardship. It also gives an indication of the gap between one priority from the next. The lower the number on this chart, the higher the priority it was. Town Council Page 85 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 86 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1042-T Name: Status:Type:Agenda Item Consent Agenda File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding the Minutes dated April 7, 2014. Attachments:TC Minutes - April 7, 2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the Minutes dated April 7, 2014. Town Council Page 87 of 465 Meeting Date: Monday, April 21, 2014 MINUTES FROM REGULAR SESSION TOWN COUNCIL MEETING FOR THE TOWN OF TROPHY CLUB LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS Monday, April 7, 2014 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, April7, 2014. 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 Mayor Jeannette Tiffany Mayor Pro Tem, Place 2 Philip Shoffner Council Member, Place 6 Greg Lamont Council Member, Place 5 Danny Mayer Council Member, Place 4 TOWN COUNCIL MEMBERS ABSENT: Bill Rose Council Member, Place 1 STAFF AND GUEST(S) PRESENT: Mike Slye Town Manager Stephen Seidel Assistant Town Manager Tammy Ard Town Secretary Patricia Adams Town Attorney April Reiling PIO/Marketing Manager Scott Kniffen Police Chief Danny Thomas Fire Chief Steven Glickman Finance Director Adam Adams Parks & Recreation Director Mayor White announced the date of Monday, April 7, 2014 called the Town Council to order and announced a quorum at 5:03 p.m. WORKSHOP SESSION 1. Discussion of agenda items posted for consideration on the Regular Session Council Agenda for April 7, 2014. Council Member Shoffner requested agenda item # 11 be pulled from consent in order to discuss this item during regular session. Agenda Item # 11 was discussed during the workshop and therefore was not pulled from the consent agenda. Council Member Lamont requested agenda item # 14 be pulled from consent in order to discuss this item during regular session. Agenda Item # 14 was discussed during the workshop and therefore was not pulled from the consent agenda. 2. Discussion of agenda items posted for consideration on the Regular Session Council Agenda for April 21, 2014. Town Council Page 88 of 465 Meeting Date: Monday, April 21, 2014 3. Presentation and update by Tom Batenhorst, GSBS Architects regarding joint facility planning; discussion of same. Council received a presentation by Tom Batenhorst providing updated renderings for the proposed Town Hall & Police Department joint facility. The new concepts feature a more traditional design with windows and natural light, as well as a place holder for a potential future civic center. Also included was a Plaza area for public space and the opportunity to capture the view of the golf course behind the facility. A shared gallery (circulation hallway) separates the secured Police Department portion from Town Hall and could serve as a reception space to potentially house local artwork, golf memorabilia, various exhibits, etc. The plan incorporates about 165 parking spaces. Four design options (attached) were presented to Council allowing for discussion of likes and dislikes. Option 2 was favored by the majority of the Council and the architects will continue to refine based upon Council’s feedback and work through facility plans. CONVENE INTO REGULAR SESSION - START TIME – 6:22 P.M. The Invocation was offered by Chief Thomas. The Pledges were led by Council Member Shoffner. EXECUTIVE SESSION 4. Pursuant to the following designated sections of the Texas Government Code, Annotated, Chapter 551, (the Texas Open Meetings Act) the Council will convene into closed executive session to discuss the following: A. Texas Government Code Section 551.071(2). “Consultation with Attorney” to consult with its attorney on a matter in which the duty of the attorney to the Governmental Body under the Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflict with the Open Meetings Act: (1) Interlocal Agreement between the Town and Trophy Club Municipal Utility District No. 1 for service to the PID B. Texas Government Code Section 551.071(2) “Consultation with Attorney” and Texas Government Code Section 551.072 “Deliberations about Real Property” to consult with its attorney on a matter in which the duty of the attorney to the Governmental Body under the Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflict with the Open Meetings Act and to discuss or deliberate the purchase, exchange, lease, or value of real property where deliberation in an open meeting would have a detrimental effect on the position of the governmental body in negotiations with a third person: (1) Joint Police and Town Hall Facility Property and related negotiations. CONVENE INTO EXECUTIVE SESSION - START TIME – 6:25 P.M. RECONVENE INTO REGULAR SESSION - START TIME – 7:39 P.M. RECONVENE INTO REGULAR SESSION 5. Consider and take appropriate action regarding the Executive Session. No action taken. Town Council Page 89 of 465 Meeting Date: Monday, April 21, 2014 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. 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. 6. Consider and take appropriate action regarding the Minutes dated February 26, 2014. 7. Consider and take appropriate action regarding the Minutes dated March 3, 2014. 8. Consider and take appropriate action regarding the Minutes dated March 17, 2014. 9. Consider and take appropriate action regarding the Minutes dated March 19, 2014. 10. Consider and take appropriate action regarding an interlocal Joint Election Agreement between the Town and Tarrant County for administration of the May 2014 Town election; and authorizing the Mayor or her designee to execute all necessary documents. 11. Consider and take appropriate action regarding an agreement between the Town and GVT.US, LTD (Subcontractor of Intermedix) to provide the Town with past due ambulance collections for out-of-district emergency services customers; and authorizing the Mayor or her designee to execute all necessary documents. 12. Consider and take appropriate action regarding an agreement between the Town and the City of Fort Worth establishing terms and conditions for the use of Fort Worth's Trunked Voice Radio Systems in connection with the provision of mutual aid assistance; and authorizing the Mayor or her designee to execute all necessary documents. 13. Consider and take appropriate action regarding an Ordinance repealing Section 6.01, "Rules of Procedure" of Article VI, "Town Council Rules of Procedure", of Chapter 1, "Administration" of the Code of Ordinances and adopting a new Chapter 1, Article VI, Section 6.01 "Rules of Procedure"; providing for the incorporation of premises, providing for an amendment; and providing an effective date. 14. Consider and take appropriate action regarding the First Modification to Neighborhood 4, Isle of Turnberry, Subdivider's Agreement by and between the Town and Standard Pacific of Texas, Inc., and authorizing the Mayor or her designee to execute all necessary documents. Motion made by Council Member Mayer, seconded by Council Member Lamont, to approve the Consent Agenda as corrected at the Dias. Motion passed unanimously. PUBLIC HEARING 15. Conduct a Public Hearing to consider the advisability of the creation of Reinvestment Zone Number Two, Town of Trophy Club, Texas, for tax increment financing purposes, the proposed zone being located within Town Council Page 90 of 465 Meeting Date: Monday, April 21, 2014 the boundaries of the Town on approximately 45 acres and located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive and other matters related to the proposed Zone. CONVENE INTO PUBLIC HEARING - START TIME – 7:41 P.M. David Pettit, with David Pettit Economic Development, LLC provided an overview of TIRZ #2 preliminary project and financing plan (attached) and answered questions. TIRZ #2 is approximately 45 acres located at SH114 at Trophy Club Drive and includes several property parcels which include the large 26 acre parcel (PD-30), approximately 1.5 acres located between 7-11 and First Financial Bank (PD-13), 300 Trophy Club Drive (office building), municipal facilities property, and portions of Indian Creek, Trophy Club Drive, and Municipal Drive. The majority of the property contained within the proposed TIRZ is undeveloped land. The estimated appraised value (based on uses) would be approximately $150 million and the anticipated new tax revenue generated during the life of the TIRZ (32 years) would be more than $190 million. The following citizens addressed the Town Council regarding this agenda item: • Jim Parrow, 8 Brookfield Court RECONVENE INTO REGULAR SESSION - START TIME – 8:03 P.M. REGULAR SESSION 16. Consider and take appropriate action regarding an Ordinance of the Town designating a certain contiguous geographic area in the Town as “Reinvestment Zone Number Two, Town of Trophy Club, Texas”; creating a Board of Directors for the Zone; providing effective and termination dates for the Zone; establishing a Tax Increment Fund for the Zone; containing other matters related to the Zone; and providing an effective date. Every entity that participates in the TIRZ gets a seat on the TIRZ Board. Holding a public hearing and considering the TIRZ ordinance is the first step in the process. Motion made by Council Member Mayer, seconded by Mayor Pro Tem Tiffany, to approve an ordinance establishing a Tax Increment Fund for the Zone. Motion made by Council Member Shoffner, seconded by Council Member Lamont to postpone the previous motion to May 5, 2014. Council Member Shoffner would like to see if Trophy Club Municipal Utility District No. 1 is interested in participating. Motion failed 2-3-0 with Council Member Shoffner and Council Member Lamont, voting for and Council Member Mayer, Mayor White and Mayor Pro Tem Tiffany voting against. Original motion made by Council Member Mayer, seconded by Mayor Pro Tem Tiffany, to approve an ordinance establishing a Tax Increment Fund for the Zone failed 3-2-0 with Council Member Mayer, Mayor White and Mayor Pro Tem Tiffany voting for and Council Member Shoffner and Council Member Lamont voting against. 17. Consider and take appropriate action regarding a Resolution appointing citizens to serve on the Board of Directors for the newly created Reinvestment Zone Number Two, Town of Trophy Club, Texas; appointing a member of the Board of Directors of the Reinvestment Zone Number Two to serve as a chairperson for the board and designating staggered terms of service; providing for the appointment of a Chairperson; and providing an effective date. No action. Establishing TIRZ #2 failed on previous agenda item. 18. Consider and take appropriate action regarding an Ordinance authorizing the issuance of Town Of Trophy Club, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2014 in the approximate Town Council Page 91 of 465 Meeting Date: Monday, April 21, 2014 aggregate principal amount of $2,500,000 for the purpose of paying contractual obligations for the purchase of land for a joint police and town hall facility, facility design costs, and various costs related thereto; levying a tax, and providing for the security for and payment of such certificates; approving the official statement; enacting other provisions relating to the subject; and declaring an effective date. The Town’s Financial Advisor, Mark McLiney, Southwest Securities, gave an overview of the seven (7) bids that were submitted today on the issuance of the $2.5M Certificates of Obligation. The low bid = 3.037298%. After first payment, monthly payments would be $172-$173k. The Town was recently upgraded to AA+ bond rating, the second highest rating Standard & Poor offers, which helped secure a competitive interest rate. Motion made by Council Member Mayer, seconded by Council Member Lamont, to approve Ordinance 2014-08 authorizing the issuance of Combination Tax and Revenue Certificates of Obligation in the approximate aggregate principal amount of $2.5 million for the purchase of land for a joint police and town hall facility, facility design costs, and various related costs. Motion passed unanimously. 19. Consider and take appropriate action regarding the acceptance of the Audit for the Town of Trophy Club, Fiscal Year 2012-2013. Presentation (attached) of the Comprehensive Annual Financial Report (CAFR) and audit results were given by Shawn Parker, with auditor firm Weaver and Tidwell, LLP. This year was the first time in Trophy Club history that the independent auditors report issued a clean opinion. The overall financial position of the Town increased 6%, or $4.2 million from 2012 to 2013. The overall fund balance increased from $4.1 million to $5 million from 2012 to 2013. Motion made by Council Member Mayer, seconded by Mayor Pro Tem Tiffany, to acceptance of the Audit for the Town of Trophy Club, Fiscal Year 2012-2013. Motion passed unanimously. 20. Receive the Final Report of the Blue Ribbon Panel and its findings relative to the current governmental structure of the Town of Trophy Club; discuss and take appropriate action regarding same. This item was moved up and discussed prior to agenda item #18. Blue Ribbon Panel Chair Jay Como and Vice Chair Nicole Fontayne presented the Blue Ribbon Panel Final Report (attached). Leadership was a primary issue and the Blue Ribbon Panel calls for communication amongst the Town and Trophy Club MUD No. 1. The panel examined the legal, organizational, financial and economic development aspects and each subcommittee offered recommendations to Council. Jay Como, Chair presented the finance subcommittee findings and recommendations. 1. Addressing a merger with Trophy Club Municipal Utility District No. 1 only when necessary, i.e. only when Westlake has left Trophy Club Municipal Utility District No. 1 2. Remaining involved in the Westlake buyout process if it happens to help shape the best and prudent scenario for Trophy Club 3. Considering annexation of the PID by Trophy Club Municipal Utility District No. 1 Nicole Fontayne, Vice Chair presented the governance subcommittee finding and recommendations. 1. Consent to a possible Trophy Club Municipal Utility District No. 1 Annexation of the PID (short term) 2. Transfer the control of the Trophy Club Fire Department to the Town of Trophy Club 3. Continue to work toward a long term solution of consolidation with Trophy Club Municipal Utility District No. 1 to become a full service Town Town Council Page 92 of 465 Meeting Date: Monday, April 21, 2014 4. Other various organizational recommendations outlined in the Governance Subcommittee Report No action taken. 21. Consider and take appropriate action to create a subcommittee of Council members to interview and make a recommendation to the Town Council for appointment of members to serve on the Town's Ethics Commission. Multiple vacancies need to be filled on the Ethics Commission and this item allows for a subcommittee of Council Members to interview the candidates, make recommendations for appointment and select alternates. Motion made by Council Member Mayer, seconded by Mayor Pro Tem Tiffany, to appoint Council Member Lamont and Mayor Pro Tem Tiffany to serve on a subcommittee to interview and make recommendations to appoint members to serve on the Town’s Ethics Commission. Motion passed unanimously. 22. Consider and take appropriate action to designate a site for the installation of the Dinosaur Playground. This agenda item was moved up and discussed after agenda item #17. Adam Adams, Parks and Recreation Director discussed the different locations proposed for the Dinosaur Playground sharing the pro’s and con’s for each location (attached). The locations under consideration include (1) Freedom Dog Park (2) Independence Park East (3) Harmony Park. Staff recently reached out to the Trophy Club Families organization as a focus group and invited them to respond to staff with their choices for the dinosaur playground. Currently it is about 10 to 1 in favor of the Freedom Park Location with Harmony coming in second. Staff recommends that the Dinosaur Playground be located at Freedom Park in addition to recommending that the NEOS electronic playground be relocated within Independence East where it should receive a higher level of use. The following citizens addressed the Town Council regarding this agenda item: • Jim Parrow, 8 Brookfield Court • Jaime Powell, 2518 Strathfield Lane • Rachel Koch, 309 Parkview Drive Received the following email requesting to be read at the Town Council meeting: • Loralea Seale, 5 Greenbrook Court. My concern with the currently proposed locations is that families with older siblings are not being considered. This common family situation should weigh into the decision on where to locate the toddler playground. With all but the Harmony Park option, the locations do not service older siblings along with the toddlers. I believe that most families in our town, who have children, have more than one child. At some point the two or more children will be in different age groups, at least one toddler and at least one older sibling. I don't understand what parents are expected to with their older children that are still relatively young children, though not toddlers. It seems unreasonable to expect the older children to sit and watch their younger siblings play on a playground that they can't use. And then after playing at the toddler playground, take the older sibling(s) to an age appropriate playground while trying to entertain a tired and restless toddler. I think the best solution would be to have multiple playgrounds in close proximity so as to provide services for the entire family in one location. Thank you for your time and consideration. Loralea Seale Town Council Page 93 of 465 Meeting Date: Monday, April 21, 2014 Kelly Akin, Animal Control Officer spoke at the request of Council Member Lamont and she does not feel Freedom Dog Park is the safest location to co-locate with a toddler playground and would like to see some extra precautions taken to provide additional safety for the toddlers should this location be selected. Kelly indicated that Freedom Dog Park should have safety measures in place so that all parties have a good time at Freedom Park. To date, the dog park has had no reports of a dog biting a human. Additional signage, education and enforcement will be required to ensure Dog Park users properly leash dogs in the parking lot and follow the rules. If approved, the playground could be installed as early as 60 days. Motion made by Mayor Pro Tem Tiffany, seconded by Council Member Mayor, to designate Freedom Dog Park as the site for the installation of the Dinosaur Playground. Motion passed unanimously. 23 Town Manager Slye's update regarding the following; discussion of same. • Animal Shelter Advisory Committee – March 25, 2014 • Alliance Development Forum – March 28, 2014 • Tom Thumb Fuel Station Ribbon Cutting Ceremony - April 8, 2014 • Congressional Medal of Honor Escort - Wednesday, April 9, 2014 • Council Meeting Calendar - April/May Town Manager Slye updated the Council and addressed questions; no action taken, update only. 24. Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. • Chamber Luncheon – April 1, 2014 • Emergency Preparedness Planning Council – April 3 • Metroport Meals on Wheels – April 4, 2014 Mayor White and Council members updated the Council and addressed questions regarding meetings attended; no action taken, update only. 25. 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. Council Member Mayer asked that “Consider and take appropriate action regarding moving council meetings to another day possibly Thursday” be placed on the list. Mayor Pro Tem Tiffany requested the following items either be removed or prioritized from the items for future agendas list: 1. Consider and take appropriate action regarding procurement policies and their alignment with State statutes. (Rose 2/1/10) – This item is on the next Town Council Agenda 2. Consider and take appropriate action regarding noise regulations for Oil and Gas Well Drilling and Production (Rose 4/26/10) 4. Consider and take appropriate action regarding Food Prep Carts for sporting events and special events and to review/update Park Policies (Cantrell 5/7/2012) Town Council Page 94 of 465 Meeting Date: Monday, April 21, 2014 5. Review of #10 of Chapter 8 “Nuisances”, Article I “Noise Nuisances”, Section 1.01 “Nuisances Defined” (Schroeder 6/21/2012) 6. Consider and take appropriate action regarding the creation of a Youth Council within Trophy Club (White and Schroeder 8/20/2012) 7. Consider and take appropriate action regarding reviewing the Ethics Ordinance (White 1/21/2013) – Last time the ethics commission meet they did not want to change the ordinance 10. Discussion regarding animal shelter long and short term facility. (11/18/2013) – currently under consideration and Mayor White would like to keep this on the list in order for citizens to know we are addressing this (Redlined future agenda items list attached.) ADJOURN Motion made by Council Member Mayer, seconded by Council Member Lamont, to adjourn. Motion carried unanimously. Meeting adjourned at 10:43 p.m. ___________________________________ ___________________________________ Tammy Ard, Town Secretary Connie White, Mayor Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 95 of 465 Meeting Date: Monday, April 21, 2014 Possible Site Plans and Building Designs for the Proposed Joint Facility Option 1 Option 2 Option 3 Option 4 Town Council Page 96 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 97 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 98 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 99 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 100 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 101 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 102 of 465 Meeting Date: Monday, April 21, 2014 Tax Increment Reinvestment Zone #2 Town of Trophy Club, Texas PRELIMINARY PROJECT AND FINANCING PLAN Town Council Page 103 of 465 Meeting Date: Monday, April 21, 2014 DISCLAIMER Our conclusions and recommendations are based on current market conditions and the expected performance of the national, and/or local economy and real estate market. Given that economic conditions can change and real estate markets are cyclical, it is critical to monitor the economy and real estate market continuously, and to revisit key project assumptions periodically to ensure that they are still justified. The future is difficult to predict, particularly given that the economy and housing markets can be cyclical, as well as subject to changing consumer and market psychology. There will usually be differences between projected and actual results because events and circumstances frequently do not occur as expected, and the differences may be material. 1 3 2 4 5 Table of Contents Introduction TIRZ Boundary Current Conditions & Ownership Project Plan Anticipated Development 6 7 8 Financial Feasibility Analysis Terms and Conditions Exhibit A 1 2 6 3 7 8 29 30 Preliminary Project and Financing Plan, TIRZ #2Town Council Page 104 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 1 Introduction Tax Increment Reinvestment Zone #2, Town of Trophy Club The Town of Trophy Club Tax Increment Reinvestment Zone (TIRZ) #2 is approximately 45 acres and is located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive. The majority of the land within the TIRZ is currently vacant. Exceptions include the small office space at the corner of Trophy Club Drive and Indian Creek Drive and the current municipal complex The goal of the TIRZ is to facilitate the development of the currently vacant land with retail, office, residential, municipal and hospitality uses, while creating a unique cohesive development that builds on the high developments standards already established within the Town. The TIRZ will support these developments through the contribution of 60% of the Town’s real property increment, and 25% of the Town’s $0.01 general fund sales tax generated within the zone. Additionally, it is proposed that Denton County and the Municipal Utility District (MUD) would contribute 60% of its revenue to the TIRZ fund. Without the implementation of the TIRZ, the delineated property would continue to impair the sound growth of the municipality. Custom Map July 23, 2013 Made with Esri Business Analyst ©2013 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 1 of 1 Source: Esri, DigitalGlobe, GeoEye, i-cubed, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community Town Council Page 105 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 2 TIRZ Boundary TIRZ Boundary Description Beginning at the intersection of the northern Right-of-Way (ROW) line of State Highway 114 and the eastern property line of Abstract 823 C. Medlin Survey, Tract 22, thence West along the northern ROW line of State Highway 114, to a point where said line intersects with the western ROW line of Trophy Club Drive, thence North along the western ROW line of Trophy Club Drive, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Northwest along the western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3,v to a point where said line intersects with the northern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Northeastward along the northern property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, to a point where said line intersects with the eastern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Southeast along the eastern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, to a point where said line intersects with the western ROW line of Trophy Club Drive, thence Northeastward along the western ROW line of Trophy Club Drive, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, Municipal Utility District NO. 1 Complex (MUD Complex), Block 1, Lot 1, thence West along the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 1, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, thence West along the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, thence North along the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, thence North along the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, to a point where said line intersects with the northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, thence East along the northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, to a point where said line intersects with the northern ROW Line of Municipal Drive, thence East along the northern property line of northern ROW Line of Municipal Drive , to a point where said line intersects with the western ROW line of Trophy Club Drive, thence North along the western ROW line of Trophy Club Drive to a point where said line intersects with the projection of the northern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence East along the northern property line of Abstract 823 C. Medlin Survey, Tract 1A, to a point where said line intersects with the eastern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence South along the eastern property line of Abstract 823 C. Medlin Survey, Tract 1A, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence West along the southern property line of Abstract 823 C. Medlin Survey, Tract 1A to a point where said line intersects with the eastern ROW line of Trophy Club Drive, thence South along the eastern ROW line of Trophy Club Drive to a point where said line intersects with the eastern ROW line of Indian Creek Drive, thence Southeastward along the eastern ROW line of Indian Creek Drive to a point where said line intersects with the project ion of the eastern property line of Abstract 823 C. Medlin Survey, Tract 22, thence South along the eastern property line of Abstract 823 C. Medlin Survey, Tract 22 to a point where said line intersects with the northern ROW line of State Highway 114, which is the point of beginning. Town Hall HWY 1 1 4 TROP H Y C L U B D R I N D I A N C R E E K D R HOGAN S D R SUNSE T D R WILS H I R E D R C Y P R E S S C T C A R N O U S T I E D R H A Y E S C T L E E C T BERKS H I R E C T LA K E F O R E S T C T S P Y G L A S S C T P O R T L A N D D R WE S T L A K E P K W Y COLO N I A L C T H A M P E R C T MUNICIPAL DR SUMMI T C O V E BROO K H O L L O W L N M I C H E L L E C T C E N T U R Y C T ST A N D R E W S C T TR O O N C T HWY 1 1 4 TROP H Y C L U B D R HWY 1 1 4 Eastern property line of Abstract 823 C. Medlin Survey, Tract 22 Northern Right-of-Way (ROW) line of State Highway 114 and the eastern property line of Abstract 823 C. Medlin Survey, Tract 22 Northern ROW Line of State Highway 114 Western ROW Line of Trophy Club Drive Western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3 Northern property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3 Eastern property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3 Western ROW Line of Trophy Club Drive Southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 1Southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2 Western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2 Western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3 Northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3 Northern ROW Line of Municipal Drive Northern property line of Abstract 823 C. Medlin Survey, Tract 1A Eastern property line of Abstract 823 C. Medlin Survey, Tract 1A Southern property line of Abstract 823 C. Medlin Survey, Tract 1A Eastern ROW Line of Trophy Club Drive Eastern ROW Line of Indian Creek Drive Town Council Page 106 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 3 Current Conditions Land Use The majority of the land within the TIRZ is currently vacant. The one exception is the small office space at the corner of Trophy Club Drive and Indian Creek Drive. Method of Relocating Persons to be Displaced The majority of the land is currently vacant undeveloped land and it is not anticipated that any persons will be displaced or need to be relocated as result of implementing the TIRZ. Looking south with SH-114 in the background Looking west with SH-114 on the left Looking north with SH-114 in the foreground Looking east with SH-114 on the right Town Council Page 107 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 4 Current Conditions Zoning The TIRZ property is to be an area with a mixture of moderately intense uses that are developed over an identifiable core. Buildings are close to and oriented toward the street. There is a connected street pattern, shared parking, and pedestrian amenities As new development is advanced it is likely that the current zoning will be change to accommodate the development. It is not anticipated that there will be any changes to the building code or other municipal ordinances at this time. Town Council Page 108 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 5 Current Conditions Current Ownership Information There are a three different property owners throughout the TIRZ, but the majority of land is owned by JSB Properties LP and Trophy Club Municipal. The TIRZ has a 2013 taxable base value of $5,589,082 and a sales tax base of $0.00. For a full list of parcels included within the TIRZ see Exhibit A. 65145017510020000 65019643010020700 65019643010020400 65145017510030000 HWY 1 1 4 TROP H Y C L U B D R I N D I A N C R E E K D R HOGAN S D R SUNSE T D R WILS H I R E D R C Y P R E S S C T C A R N O U S T I E D R H A Y E S C T L E E C T BERKS H I R E C T LA K E F O R E S T C T S P Y G L A S S C T P O R T L A N D D R WE S T L A K E P K W Y COLO N I A L C T H A M P E R C T MUNICIPAL DR SUMMI T C O V E PRECI N C T L I N E R D BROO K H O L L O W L N M I C H E L L E C T C E N T U R Y C T ST A N D R E W S C T BROOK H O L L O W C T TR O O N C T HWY 1 1 4 TROP H Y C L U B D R HWY 1 1 4 151108 171494 171495 68347 171493335141 35140 35139 185201 Town Council Page 109 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 6 Project Plan Project Costs of the Zone There are a number of improvements within Tax Increment Reinvestment Zone #2 that will be financed by in part by incremental real property and sales tax generated within the TIRZ. The costs illustrated in the table above are estimates and may be revised. Savings from one line item may be applied to a cost increase in another line item. It is estimated that project costs obligations will arise with new developments and will be reimbursed by the TIRZ on a pay as you go basis. TIRZ Project Costs Amount Water Facilities and Improvements 6,500,000$ Sanitary Sewer Facilities and Improvements 5,000,000$ Storm Water Facilities and Improvements 4,500,000$ Street and Intersection Improvements 9,000,000$ Open Space, Park and Recreation Facilities and Improvements 5,000,000$ Economic Development Grants 3,500,000$ Project Financing Costs 500,000$ Administrative Costs 200,000$ Total 34,200,000$ Town Council Page 110 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 7 Anticipated Development Anticipated Development There are several projects anticipated to be developed within TIRZ #2 including restaurants, office space, hospitality and residential. The map to the left provides an overview of potential developments that we believe will occur during the life of the TIRZ along with estimated dates of when the incremental revenue will flow into the TIRZ fund. Site plans on the map to the left should be considered conceptual drafts at this point and may not accurately portray the final developments. Town Council Page 111 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 8 Financial Feasibility Analysis Method of Financing To fund the public improvements outlined on the previous pages, it is anticipated that the Town of Trophy Club will contribute 60% of its incremental real property tax revenue and 25% of its $0.01 General Fund Sales Tax to the TIRZ Fund. Additionally, it is proposed that Denton County and the Municipal Utility District (MUD) would contribute 60% of its revenue to the TIRZ fund. Town of Trophy Club TIRZ #2 Participation Overview TIRZ Participation Overview Ad Valorem Tax Rate Participation %Participation Rate Trophy Club 0.5185430 60.00%0.3111258 Northwest ISD 1.3750000 0.00%0.0000000 Denton County 0.2828670 60.00%0.1697202 Trophy CLUB MUD 1 0.1333900 0.00%0.0000000 Total 2.3098000 0.4808460 Sales Tax Rate Participation %Participation Rate Town of Trophy Club General Fund 1.00%25.00%0.25% EDC 0.50%0.00%0.00% Crime Control 0.50%0.00%0.00% Street Maintenance 0.50%0.00%0.00% Total 2.00%0.25% Debt Service It is not anticipated at this time that the TIRZ will incur any bonded indebtedness. Economic Feasibility Study A taxable value analysis was developed as part of the preliminary project and financing plan to determine the economic feasibility of the project. The study examined the expected tax revenue the TIRZ would receive based on the previously outlined developments. A summary overview of the anticipated development square footages, the anticipated sales per square foot and the anticipated taxable value per square foot can be found to the right. The following pages show the estimated captured appraised value of the zone during each year of its existence and the net benefits of the zone to each of the local taxing jurisdictions. Utilizing the information outlined in this feasibility study, we have found that the TIRZ is economically feasible and will provide the Town with economic benefits that would not occur without its implementation. Anticipated Revenue Summary Based upon the assumptions above, the anticipated gross revenue of TIRZ #2 over its 32 year life is shown below. • Total Sales Tax Revenue $4,011,977 • Total Ad Valorem $30,179,796 • Total Revenue $34,191,773 TIF #2 Mixed Use Development Overview by Block Block Use Square Feet/Units Appraised Value PSF/Unit Estimated Appraised Value First Year of Tax Revenue A Retail 38,300 300$ 11,490,000$ 2017 B Retail 78,162 300$ 23,448,600$ 2017 B Multifamily 250 80,000$ 20,000,000$ 2017 C Office 160,000 200$ 32,000,000$ 2018 D Retail 17,054 300$ 5,116,200$ 2019 F Retail 23,700 300$ 7,110,000$ 2019 F Office 12,000 200$ 2,400,000$ 2019 G Office 40,000 200$ 8,000,000$ 2019 H Hotel 200 90,000$ 18,000,000$ 2019 H Retail 13,765 300$ 4,129,500$ 2020 I Brownstones 30 200,000$ 6,000,000$ 2017 H Office 100,000 200$ 20,000,000$ 2020 Total 157,694,300$ Town Council Page 112 of 465 Meeting Date: Monday, April 21, 2014 TAXABLE BASE YEAR GROWTH 2.00% DISCOUNT RATE 6.00% Sales Tax Participation Trophy Club 0.4993000 60% 0.2995800 Trophy Club 0.4993000 0% 0.0000000 Northwest ISD 1.4525000 0% 0.0000000 Northwest ISD 1.4525000 0% 0.0000000 Denton County 0.2849140 60% 0.1709484 Denton County 0.2849140 0% 0.0000000 Trophy CLUB MUD 1 0.1333900 60% 0.0800340 Trophy CLUB MUD 1 0.1333900 0% 0.0000000 2.3701040 0.5505624 2.3701040 0.0000000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 REVENUE YEAR 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 TOTALS BASE YEAR Trophy Club 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Northwest ISD 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Denton County 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Trophy CLUB MUD 1 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 TAXABLE VALUE Trophy Club 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Northwest ISD 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Denton County 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Trophy CLUB MUD 1 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 TAXABLE VALUE INCREMENT Trophy Club 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Northwest ISD 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Denton County 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Trophy CLUB MUD 1 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 REVENUE A TAXABLE VALUE GROWTH OF EXISTING PROPERTIES Trophy Club 335 676 1,025 1,380 1,743 2,112 2,490 2,874 3,267 3,667 4,075 4,491 4,916 5,349 5,791 6,242 6,702 7,170 7,649 8,137 8,634 9,142 9,659 10,188 10,726 11,276 11,836 12,408 12,991 13,585 14,192 14,811 219,537 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 191 386 585 788 994 1,205 1,421 1,640 1,864 2,092 2,325 2,563 2,805 3,052 3,305 3,562 3,824 4,092 4,365 4,643 4,927 5,217 5,512 5,813 6,121 6,434 6,754 7,080 7,413 7,752 8,098 8,451 125,274 Denton County Trophy CLUB MUD 1 89 181 274 369 466 564 665 768 873 980 1,089 1,200 1,313 1,429 1,547 1,668 1,790 1,916 2,043 2,174 2,307 2,442 2,581 2,722 2,866 3,012 3,162 3,315 3,470 3,629 3,791 3,957 58,650 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL A 122,143 615 1,243 1,883 2,537 3,203 3,882 4,575 5,282 6,003 6,739 7,489 8,254 9,035 9,831 10,643 11,471 12,316 13,178 14,057 14,953 15,868 16,801 17,752 18,722 19,712 20,722 21,752 22,802 23,874 24,967 26,081 27,219 403,461 REVENUE #1 - BLOCK A REAL PROPERTY TAX 0 0 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 BUSINESS PERSONAL PROPERTY 0 0 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 Trophy Club 0 0 17,211 34,422 35,110 35,812 36,529 37,259 38,004 38,764 39,540 40,331 41,137 41,960 42,799 43,655 44,528 45,419 46,327 47,254 48,199 49,163 50,146 51,149 52,172 53,215 54,280 55,365 56,473 57,602 58,754 59,929 1,352,507 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 9,821 19,642 20,035 20,436 20,844 21,261 21,686 22,120 22,562 23,014 23,474 23,943 24,422 24,911 25,409 25,917 26,436 26,964 27,504 28,054 28,615 29,187 29,771 30,366 30,973 31,593 32,225 32,869 33,527 34,197 771,777 Denton County Trophy CLUB MUD 1 0 0 4,598 9,196 9,380 9,567 9,759 9,954 10,153 10,356 10,563 10,774 10,990 11,210 11,434 11,663 11,896 12,134 12,376 12,624 12,876 13,134 13,397 13,665 13,938 14,217 14,501 14,791 15,087 15,389 15,696 16,010 361,328 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #1 919,212 0 0 31,630 63,260 64,525 65,815 67,132 68,474 69,844 71,241 72,665 74,119 75,601 77,113 78,655 80,228 81,833 83,470 85,139 86,842 88,579 90,350 92,157 94,000 95,880 97,798 99,754 101,749 103,784 105,860 107,977 110,137 2,485,612 REVENUE #2 - BLOCK B + I REAL PROPERTY TAX 0 0 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 BUSINESS PERSONAL PROPERTY 0 0 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 Trophy Club 0 0 74,069 111,104 148,138 151,101 154,123 157,205 160,349 163,556 166,828 170,164 173,567 177,039 180,580 184,191 187,875 191,632 195,465 199,374 203,362 207,429 211,578 215,809 220,125 224,528 229,019 233,599 238,271 243,036 247,897 252,855 5,673,869 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 42,266 63,399 84,532 86,222 87,947 89,706 91,500 93,330 95,196 97,100 99,042 101,023 103,044 105,104 107,206 109,351 111,538 113,768 116,044 118,365 120,732 123,147 125,609 128,122 130,684 133,298 135,964 138,683 141,457 144,286 3,237,662 Denton County Trophy CLUB MUD 1 0 0 19,788 29,682 39,576 40,367 41,175 41,998 42,838 43,695 44,569 45,460 46,369 47,297 48,243 49,207 50,192 51,195 52,219 53,264 54,329 55,416 56,524 57,654 58,807 59,984 61,183 62,407 63,655 64,928 66,227 67,551 1,515,797 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #2 3,830,930 0 0 136,123 204,184 272,245 277,690 283,244 288,909 294,687 300,581 306,593 312,724 318,979 325,358 331,866 338,503 345,273 352,178 359,222 366,406 373,735 381,209 388,833 396,610 404,542 412,633 420,886 429,304 437,890 446,647 455,580 464,692 10,427,328 ESTIMATE OF GENERAL IMPACT OF PROPOSED ZONE PROPERTY VALUES AND TAX REVENUES BUSINESS PERSONAL PROPERTY TAXREAL PROPERTY TAX 0.25% Preliminary Project and Financing Plan, TIRZ #2 9 Financial Feasibility Analysis Town Council Page 113 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 10 Financial Feasibility Analysis REVENUE #3 - BLOCK C + H REAL PROPERTY TAX 0 0 0 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 BUSINESS PERSONAL PROPERTY 0 0 0 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 Trophy Club 0 0 0 71,899 148,292 210,094 214,296 218,582 222,953 227,412 231,961 236,600 241,332 246,159 251,082 256,103 261,225 266,450 271,779 277,215 282,759 288,414 294,182 300,066 306,067 312,189 318,432 324,801 331,297 337,923 344,681 351,575 7,645,820 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 0 41,028 84,619 119,885 122,283 124,729 127,223 129,768 132,363 135,010 137,710 140,465 143,274 146,139 149,062 152,043 155,084 158,186 161,350 164,577 167,868 171,226 174,650 178,143 181,706 185,340 189,047 192,828 196,684 200,618 4,362,910 Denton County Trophy CLUB MUD 1 0 0 0 19,208 39,617 56,127 57,250 58,395 59,563 60,754 61,969 63,209 64,473 65,762 67,077 68,419 69,787 71,183 72,607 74,059 75,540 77,051 78,592 80,164 81,767 83,402 85,070 86,772 88,507 90,277 92,083 93,925 2,042,612 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #3 4,968,267 0 0 0 132,135 272,528 386,107 393,829 401,705 409,739 417,934 426,293 434,819 443,515 452,385 461,433 470,662 480,075 489,677 499,470 509,460 519,649 530,042 540,643 551,455 562,484 573,734 585,209 596,913 608,851 621,028 633,449 646,118 14,051,342 REVENUE #4 - BLOCK D REAL PROPERTY TAX 0 0 0 0 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 BUSINESS PERSONAL PROPERTY 0 0 0 0 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 Trophy Club 0 0 0 0 7,664 11,495 15,327 15,634 15,946 16,265 16,591 16,922 17,261 17,606 17,958 18,317 18,684 19,057 19,438 19,827 20,224 20,628 21,041 21,462 21,891 22,329 22,775 23,231 23,695 24,169 24,653 25,146 535,237 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 0 0 4,373 6,560 8,746 8,921 9,099 9,281 9,467 9,656 9,849 10,046 10,247 10,452 10,661 10,875 11,092 11,314 11,540 11,771 12,006 12,247 12,492 12,741 12,996 13,256 13,521 13,792 14,067 14,349 305,420 Denton County Trophy CLUB MUD 1 0 0 0 0 2,047 3,071 4,095 4,177 4,260 4,345 4,432 4,521 4,611 4,704 4,798 4,894 4,991 5,091 5,193 5,297 5,403 5,511 5,621 5,734 5,848 5,965 6,085 6,206 6,330 6,457 6,586 6,718 142,991 Trophy CLUB MUD 1 SUBTOTAL #4 339,244 0 0 0 0 14,084 21,126 28,168 28,731 29,306 29,892 30,490 31,100 31,722 32,356 33,003 33,663 34,336 35,023 35,724 36,438 37,167 37,910 38,668 39,442 40,231 41,035 41,856 42,693 43,547 44,418 45,306 46,212 983,648 REVENUE #5 - BLOCK E REAL PROPERTY TAX 0 0 0 0 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 BUSINESS PERSONAL PROPERTY 0 0 0 0 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 Trophy Club 0 0 0 0 14,245 21,368 28,490 29,060 29,641 30,234 30,839 31,455 32,084 32,726 33,381 34,048 34,729 35,424 36,132 36,855 37,592 38,344 39,111 39,893 40,691 41,505 42,335 43,181 44,045 44,926 45,824 46,741 994,899 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 0 0 8,129 12,193 16,257 16,582 16,914 17,252 17,597 17,949 18,308 18,674 19,048 19,429 19,817 20,214 20,618 21,030 21,451 21,880 22,318 22,764 23,219 23,684 24,157 24,640 25,133 25,636 26,149 26,672 567,716 Denton County Trophy CLUB MUD 1 0 0 0 0 3,806 5,708 7,611 7,763 7,919 8,077 8,239 8,403 8,571 8,743 8,918 9,096 9,278 9,464 9,653 9,846 10,043 10,244 10,449 10,658 10,871 11,088 11,310 11,536 11,767 12,002 12,242 12,487 265,791 Trophy CLUB MUD 1 SUBTOTAL #5 630,587 0 0 0 0 26,179 39,269 52,358 53,406 54,474 55,563 56,675 57,808 58,964 60,143 61,346 62,573 63,825 65,101 66,403 67,731 69,086 70,468 71,877 73,315 74,781 76,276 77,802 79,358 80,945 82,564 84,215 85,900 1,828,406 REVENUE #6 - SALES SALES TAX 0 0 17,469,300 29,076,450 38,783,562 41,375,601 43,898,009 44,775,969 45,671,489 46,584,919 47,516,617 48,466,949 49,436,288 50,425,014 51,433,514 52,462,185 53,511,428 54,581,657 55,673,290 56,786,756 57,922,491 59,080,941 60,262,559 61,467,811 62,697,167 63,951,110 65,230,132 66,534,735 67,865,430 69,222,738 70,607,193 72,019,337 1,604,790,641 Trophy Club SUBTOTAL #6 1,462,323 0 0 43,673 72,691 96,959 103,439 109,745 111,940 114,179 116,462 118,792 121,167 123,591 126,063 128,584 131,155 133,779 136,454 139,183 141,967 144,806 147,702 150,656 153,670 156,743 159,878 163,075 166,337 169,664 173,057 176,518 180,048 4,011,977 TIF REVENUE A, 1, 2, 3, 4, 5, 6 615 1,243 213,309 474,806 749,723 897,328 939,051 958,448 978,232 998,412 1,018,996 1,039,991 1,061,406 1,083,250 1,105,530 1,128,256 1,151,437 1,175,081 1,199,198 1,223,797 1,248,889 1,274,482 1,300,587 1,327,214 1,354,374 1,382,077 1,410,334 1,439,156 1,468,555 1,498,541 1,529,127 1,560,325 34,191,773 Total Taxable Value 5,700,864 5,814,881 36,400,479 78,626,252 124,152,298 149,785,132 156,217,992 159,342,352 162,529,199 165,779,783 169,095,378 172,477,286 175,926,832 179,445,368 183,034,276 186,694,961 190,428,860 194,237,437 198,122,186 202,084,630 206,126,323 210,248,849 214,453,826 218,742,902 223,117,761 227,580,116 232,131,718 236,774,352 241,509,839 246,340,036 251,266,837 256,292,174 TIF Revenue Running Total 615 1,859 215,168 689,974 1,439,698 2,337,026 3,276,077 4,234,525 5,212,757 6,211,169 7,230,164 8,270,155 9,331,562 10,414,812 11,520,342 12,648,598 13,800,035 14,975,116 16,174,314 17,398,112 18,647,001 19,921,483 21,222,070 22,549,284 23,903,658 25,285,735 26,696,069 28,135,225 29,603,780 31,102,321 32,631,448 34,191,773 NET PRESENT VALUE @ 6%12,272,706 GROSS 34,191,773 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Trophy Club 7,344,626 335 676 135,978 291,496 452,151 535,422 560,999 572,554 584,340 596,362 608,624 621,131 633,889 646,901 660,174 673,712 687,522 701,607 715,974 730,628 745,576 760,822 776,373 792,236 808,415 824,919 841,752 858,922 876,435 894,299 912,519 931,105 20,433,845 Northwest ISD - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Denton County 3,356,600 191 386 52,672 124,856 202,682 246,501 257,498 262,839 268,287 273,843 279,511 285,293 291,190 297,205 303,340 309,598 315,981 322,491 329,132 335,906 342,815 349,863 357,051 364,383 371,862 379,490 387,271 395,208 403,303 411,560 419,982 428,573 9,370,760 Trophy CLUB MUD 1 1,571,481 89 181 24,660 58,455 94,891 115,406 120,554 123,055 125,605 128,207 130,861 133,567 136,328 139,144 142,016 144,946 147,935 150,983 154,092 157,263 160,498 163,797 167,163 170,596 174,097 177,668 181,311 185,027 188,817 192,683 196,626 200,648 4,387,168 TOTALS 615 1,243 213,309 474,806 749,723 897,328 939,051 958,448 978,232 998,412 1,018,996 1,039,991 1,061,406 1,083,250 1,105,530 1,128,256 1,151,437 1,175,081 1,199,198 1,223,797 1,248,889 1,274,482 1,300,587 1,327,214 1,354,374 1,382,077 1,410,334 1,439,156 1,468,555 1,498,541 1,529,127 1,560,325 34,191,773 Town Council Page 114 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 11 Financial Feasibility Analysis $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 Total Annual Tax Revenue Generated Trophy CLUB MUD 1 Denton County Northwest ISD Trophy Club $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 Potential TIF Tax Revenue Trophy CLUB MUD 1 Denton County Trophy Club 85,269,462 82,466,146 16,176,082 7,573,259 30 Year Gross Economic Impact Trophy Club Northwest ISD Denton County Trophy CLUB MUD 1 20,433,845 9,370,760 4,387,168 30 Year Potential TIF Revenue Trophy Club Denton County Trophy CLUB MUD 1 64,835,617 82,466,146 6,805,323 3,186,091 30 Year Net Benefit Trophy Club Northwest ISD Denton County Trophy CLUB MUD 1 Town Council Page 115 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 12 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block A AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2017 38,300 300.00$ 11,490,000$ 20.00$ 766,000$ 300.00$ 11,490,000$ Office TOTAL 38,300 11,490,000 766,000 11,490,000 ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 55.9%11,433,813$ =2,254,179$ +150,279$ +9,029,355$ Northwest ISD 34.2%6,994,741$ =6,557,569$ +437,171$ +-$ Denton County 6.7%1,372,048$ =1,286,295$ +85,753$ +-$ Trophy CLUB MUD 1 3.1%642,360$ =602,213$ +40,148$ +-$ 100.0%20,442,962 10,700,256$ 713,350$ 9,029,355$ 100.0%52.3%3.5%44.2% TOTAL PARTICIPATION TOTAL Trophy Club 68.6%2,481,177$ =1,352,507$ +-$ +1,128,669$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 21.4%771,777$ =771,777$ +-$ +-$ Trophy CLUB MUD 1 10.0%361,328$ =361,328$ +-$ +-$ 100.0%3,614,281$ 2,485,612$ -$ 1,128,669$ 100.0%68.8%0.0%31.2% NET BENEFIT TOTAL Trophy Club 53.2%8,952,636$ =901,671$ +150,279$ +7,900,686$ Northwest ISD 41.6%6,994,741$ =6,557,569$ +437,171$ +-$ Denton County 3.6%600,271$ =514,518$ +85,753$ +-$ Trophy CLUB MUD 1 1.7%281,033$ =240,885$ +40,148$ +-$ 100.0%16,828,680$ 8,214,644$ 713,350$ 7,900,686$ 100.0%48.8%4.2%46.9% REAL PROPERTY PERSONAL PROPERTY SALES 30 YEAR - BLOCK A : INPUT & OUTPUT PARTICIPATION PARTICIPATION SALES REAL PROPERTY PERSONAL PROPERTY SALES SALES REAL PROPERTY PERSONAL PROPERTY REAL PROPERTY PERSONAL PROPERTY Town Council Page 116 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 13 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%50% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Trophy Club 883,642 - - 28,685 57,370 58,517 59,687 60,881 62,099 63,341 64,607 65,900 67,218 68,562 69,933 71,332 72,758 74,214 75,698 77,212 78,756 80,331 81,938 83,577 85,248 86,953 88,692 90,466 92,275 94,121 96,003 97,923 99,882 2,254,179 Northwest ISD 2,570,580 - - 83,446 166,892 170,230 173,635 177,107 180,650 184,263 187,948 191,707 195,541 199,452 203,441 207,510 211,660 215,893 220,211 224,615 229,107 233,689 238,363 243,130 247,993 252,953 258,012 263,172 268,436 273,804 279,281 284,866 290,563 6,557,569 Denton County 504,230 - - 16,368 32,737 33,391 34,059 34,740 35,435 36,144 36,867 37,604 38,356 39,123 39,906 40,704 41,518 42,348 43,195 44,059 44,940 45,839 46,756 47,691 48,645 49,618 50,610 51,622 52,655 53,708 54,782 55,878 56,995 1,286,295 Trophy CLUB MUD 1 236,069 - - 7,663 15,327 15,633 15,946 16,265 16,590 16,922 17,260 17,605 17,957 18,317 18,683 19,057 19,438 19,826 20,223 20,627 21,040 21,461 21,890 22,328 22,774 23,230 23,694 24,168 24,652 25,145 25,648 26,161 26,684 602,213 Total 3,957,095 - - 136,162 272,325 277,771 283,327 288,993 294,773 300,669 306,682 312,816 319,072 325,454 331,963 338,602 345,374 352,281 359,327 366,514 373,844 381,321 388,947 396,726 404,661 412,754 421,009 429,429 438,018 446,778 455,714 464,828 474,124 10,700,256 % OCCUPIED 0%0%50% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 PV GROSS Trophy Club 58,909 - - 1,912 3,825 3,901 3,979 4,059 4,140 4,223 4,307 4,393 4,481 4,571 4,662 4,755 4,851 4,948 5,047 5,147 5,250 5,355 5,463 5,572 5,683 5,797 5,913 6,031 6,152 6,275 6,400 6,528 6,659 150,279 Northwest ISD 171,372 - - 5,563 11,126 11,349 11,576 11,807 12,043 12,284 12,530 12,780 13,036 13,297 13,563 13,834 14,111 14,393 14,681 14,974 15,274 15,579 15,891 16,209 16,533 16,864 17,201 17,545 17,896 18,254 18,619 18,991 19,371 437,171 Denton County 33,615 - - 1,091 2,182 2,226 2,271 2,316 2,362 2,410 2,458 2,507 2,557 2,608 2,660 2,714 2,768 2,823 2,880 2,937 2,996 3,056 3,117 3,179 3,243 3,308 3,374 3,441 3,510 3,581 3,652 3,725 3,800 85,753 Trophy CLUB MUD 1 15,738 - - 511 1,022 1,042 1,063 1,084 1,106 1,128 1,151 1,174 1,197 1,221 1,246 1,270 1,296 1,322 1,348 1,375 1,403 1,431 1,459 1,489 1,518 1,549 1,580 1,611 1,643 1,676 1,710 1,744 1,779 40,148 Total 263,806 - - 9,077 18,155 18,518 18,888 19,266 19,652 20,045 20,445 20,854 21,271 21,697 22,131 22,573 23,025 23,485 23,955 24,434 24,923 25,421 25,930 26,448 26,977 27,517 28,067 28,629 29,201 29,785 30,381 30,989 31,608 713,350 % OCCUPIED 0%0%50% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Total 3,339,174 - - 114,900 229,800 234,396 239,084 243,866 248,743 253,718 258,792 263,968 269,247 274,632 280,125 285,727 291,442 297,271 303,216 309,281 315,466 321,775 328,211 334,775 341,471 348,300 355,266 362,371 369,619 377,011 384,551 392,243 400,087 9,029,355 SUMMARY PV GROSS Trophy Club 4,482,077 - - 145,497 290,994 296,814 302,750 308,805 314,981 321,281 327,707 334,261 340,946 347,765 354,720 361,815 369,051 376,432 383,961 391,640 399,473 407,462 415,611 423,924 432,402 441,050 449,871 458,869 468,046 477,407 486,955 496,694 506,628 11,433,813 Northwest ISD 2,741,952 - - 89,009 178,018 181,579 185,210 188,915 192,693 196,547 200,478 204,487 208,577 212,748 217,003 221,344 225,770 230,286 234,891 239,589 244,381 249,269 254,254 259,339 264,526 269,816 275,213 280,717 286,331 292,058 297,899 303,857 309,934 6,994,741 Denton County 537,845 - - 17,460 34,919 35,617 36,330 37,056 37,798 38,553 39,325 40,111 40,913 41,732 42,566 43,417 44,286 45,172 46,075 46,996 47,936 48,895 49,873 50,870 51,888 52,926 53,984 55,064 56,165 57,288 58,434 59,603 60,795 1,372,048 Trophy CLUB MUD 1 251,807 - - 8,174 16,348 16,675 17,009 17,349 17,696 18,050 18,411 18,779 19,155 19,538 19,928 20,327 20,734 21,148 21,571 22,003 22,443 22,892 23,349 23,816 24,293 24,779 25,274 25,780 26,295 26,821 27,358 27,905 28,463 642,360 Total 7,560,076 - - 260,140 520,280 530,686 541,299 552,125 563,168 574,431 585,920 597,638 609,591 621,783 634,218 646,903 659,841 673,038 686,498 700,228 714,233 728,518 743,088 757,950 773,109 788,571 804,342 820,429 836,838 853,574 870,646 888,059 905,820 20,442,962 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 117 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 14 PARTICIPATION REAL PROPERTY Taxable Value - - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Trophy Club 530,185 - - 17,211 34,422 35,110 35,812 36,529 37,259 38,004 38,764 39,540 40,331 41,137 41,960 42,799 43,655 44,528 45,419 46,327 47,254 48,199 49,163 50,146 51,149 52,172 53,215 54,280 55,365 56,473 57,602 58,754 59,929 1,352,507 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 302,538 - - 9,821 19,642 20,035 20,436 20,844 21,261 21,686 22,120 22,562 23,014 23,474 23,943 24,422 24,911 25,409 25,917 26,436 26,964 27,504 28,054 28,615 29,187 29,771 30,366 30,973 31,593 32,225 32,869 33,527 34,197 771,777 Trophy CLUB MUD 1 141,641 - - 4,598 9,196 9,380 9,567 9,759 9,954 10,153 10,356 10,563 10,774 10,990 11,210 11,434 11,663 11,896 12,134 12,376 12,624 12,876 13,134 13,397 13,665 13,938 14,217 14,501 14,791 15,087 15,389 15,696 16,010 361,328 Total 919,212 - - 31,630 63,260 64,525 65,815 67,132 68,474 69,844 71,241 72,665 74,119 75,601 77,113 78,655 80,228 81,833 83,470 85,139 86,842 88,579 90,350 92,157 94,000 95,880 97,798 99,754 101,749 103,784 105,860 107,977 110,137 2,485,612 PERSONAL PROPERTY Taxable Value - - 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Total 417,397 - - 14,363 28,725 29,300 29,885 30,483 31,093 31,715 32,349 32,996 33,656 34,329 35,016 35,716 36,430 37,159 37,902 38,660 39,433 40,222 41,026 41,847 42,684 43,538 44,408 45,296 46,202 47,126 48,069 49,030 50,011 1,128,669 SUMMARY PV GROSS Trophy Club 972,626 - - 31,573 63,147 64,410 65,698 67,012 68,352 69,719 71,113 72,536 73,986 75,466 76,976 78,515 80,085 81,687 83,321 84,987 86,687 88,421 90,189 91,993 93,833 95,709 97,624 99,576 101,568 103,599 105,671 107,784 109,940 2,481,177 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 302,538 - - 9,821 19,642 20,035 20,436 20,844 21,261 21,686 22,120 22,562 23,014 23,474 23,943 24,422 24,911 25,409 25,917 26,436 26,964 27,504 28,054 28,615 29,187 29,771 30,366 30,973 31,593 32,225 32,869 33,527 34,197 771,777 Trophy CLUB MUD 1 141,641 - - 4,598 9,196 9,380 9,567 9,759 9,954 10,153 10,356 10,563 10,774 10,990 11,210 11,434 11,663 11,896 12,134 12,376 12,624 12,876 13,134 13,397 13,665 13,938 14,217 14,501 14,791 15,087 15,389 15,696 16,010 361,328 Total 1,336,609 - - 45,992 91,985 93,824 95,701 97,615 99,567 101,558 103,590 105,661 107,775 109,930 112,129 114,371 116,659 118,992 121,372 123,799 126,275 128,801 131,377 134,004 136,684 139,418 142,206 145,050 147,951 150,911 153,929 157,007 160,147 3,614,281 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 3,509,451 - - 113,924 227,847 232,404 237,053 241,794 246,629 251,562 256,593 261,725 266,960 272,299 277,745 283,300 288,966 294,745 300,640 306,653 312,786 319,041 325,422 331,931 338,569 345,341 352,248 359,293 366,478 373,808 381,284 388,910 396,688 8,952,636 Northwest ISD 2,741,952 - - 89,009 178,018 181,579 185,210 188,915 192,693 196,547 200,478 204,487 208,577 212,748 217,003 221,344 225,770 230,286 234,891 239,589 244,381 249,269 254,254 259,339 264,526 269,816 275,213 280,717 286,331 292,058 297,899 303,857 309,934 6,994,741 Denton County 235,307 - - 7,639 15,277 15,583 15,894 16,212 16,536 16,867 17,204 17,549 17,900 18,258 18,623 18,995 19,375 19,763 20,158 20,561 20,972 21,392 21,819 22,256 22,701 23,155 23,618 24,090 24,572 25,064 25,565 26,076 26,598 600,271 Trophy CLUB MUD 1 110,165 - - 3,576 7,152 7,295 7,441 7,590 7,742 7,897 8,055 8,216 8,380 8,548 8,719 8,893 9,071 9,252 9,437 9,626 9,819 10,015 10,215 10,420 10,628 10,841 11,057 11,279 11,504 11,734 11,969 12,208 12,452 281,033 Total 6,223,467 - - 214,148 428,295 436,861 445,598 454,510 463,601 472,873 482,330 491,977 501,816 511,853 522,090 532,531 543,182 554,046 565,127 576,429 587,958 599,717 611,711 623,945 636,424 649,153 662,136 675,379 688,886 702,664 716,717 731,052 745,673 16,828,680 Town Council Page 118 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 15 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block B + I AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2017 78,162 300.00$ 23,448,600$ 20.00$ 1,563,240$ 300.00$ 23,448,600$ Multifamily 2017 250 80,000$ 20,000,000$ 500$ 125,000$ -$ -$ Brownstones 2017 30 200,000$ 6,000,000$ -$ -$ -$ -$ TOTAL 78,442 49,448,600 1,688,240 23,448,600 OUTPUT ► TOTAL TAX REVENUE TOTAL Trophy Club 43.1%27,741,499$ =9,456,449$ +322,856$ +17,962,195$ Northwest ISD 44.2%28,448,707$ =27,509,496$ +939,210$ +-$ Denton County 8.7%5,580,334$ =5,396,104$ +184,230$ +-$ Trophy CLUB MUD 1 4.1%2,612,580$ =2,526,328$ +86,252$ +-$ 100.0%64,383,120 44,888,377$ 1,532,548$ 17,962,195$ 100.0%69.7%2.4%27.9% TOTAL PARTICIPATION TOTAL Trophy Club 62.5%7,919,144$ =5,673,869$ +-$ +2,245,274$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 25.5%3,237,662$ =3,237,662$ +-$ +-$ Trophy CLUB MUD 1 12.0%1,515,797$ =1,515,797$ +-$ +-$ 100.0%12,672,603$ 10,427,328$ -$ 2,245,274$ 100.0%82.3%0.0%17.7% NET BENEFIT TOTAL Trophy Club 38.3%19,822,356$ =3,782,579$ +322,856$ +15,716,921$ Northwest ISD 55.0%28,448,707$ =27,509,496$ +939,210$ +-$ Denton County 4.5%2,342,672$ =2,158,441$ +184,230$ +-$ Trophy CLUB MUD 1 2.1%1,096,783$ =1,010,531$ +86,252$ +-$ 100.0%51,710,517$ 34,461,049$ 1,532,548$ 15,716,921$ 100.0%66.6%3.0%30.4% REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY 30 YEAR - BLOCK B + I : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES PERSONAL PROPERTY SALES Town Council Page 119 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 16 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 PV GROSS Trophy Club 3,682,690 - - 123,448 185,173 246,897 251,835 256,871 262,009 267,249 272,594 278,046 283,607 289,279 295,065 300,966 306,985 313,125 319,387 325,775 332,291 338,936 345,715 352,630 359,682 366,876 374,213 381,698 389,331 397,118 405,060 413,162 421,425 9,456,449 Northwest ISD 10,713,212 - - 359,120 538,681 718,241 732,606 747,258 762,203 777,447 792,996 808,856 825,033 841,534 858,364 875,532 893,042 910,903 929,121 947,704 966,658 985,991 1,005,711 1,025,825 1,046,341 1,067,268 1,088,614 1,110,386 1,132,594 1,155,245 1,178,350 1,201,917 1,225,956 27,509,496 Denton County 2,101,442 - - 70,443 105,664 140,886 143,704 146,578 149,509 152,500 155,550 158,661 161,834 165,070 168,372 171,739 175,174 178,677 182,251 185,896 189,614 193,406 197,274 201,220 205,244 209,349 213,536 217,807 222,163 226,606 231,138 235,761 240,476 5,396,104 Trophy CLUB MUD 1 983,845 - - 32,980 49,470 65,959 67,279 68,624 69,997 71,397 72,825 74,281 75,767 77,282 78,828 80,404 82,012 83,653 85,326 87,032 88,773 90,548 92,359 94,206 96,091 98,012 99,973 101,972 104,011 106,092 108,214 110,378 112,585 2,526,328 Total 16,491,688 - - 585,992 878,987 1,171,983 1,195,423 1,219,331 1,243,718 1,268,592 1,293,964 1,319,843 1,346,240 1,373,165 1,400,628 1,428,641 1,457,214 1,486,358 1,516,085 1,546,407 1,577,335 1,608,882 1,641,059 1,673,881 1,707,358 1,741,505 1,776,336 1,811,862 1,848,100 1,885,062 1,922,763 1,961,218 2,000,442 44,888,377 % OCCUPIED 0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 PV GROSS Trophy Club 125,732 - - 4,215 6,322 8,429 8,598 8,770 8,945 9,124 9,307 9,493 9,683 9,876 10,074 10,275 10,481 10,690 10,904 11,122 11,345 11,572 11,803 12,039 12,280 12,526 12,776 13,032 13,292 13,558 13,829 14,106 14,388 322,856 Northwest ISD 365,763 - - 12,261 18,391 24,522 25,012 25,512 26,023 26,543 27,074 27,615 28,168 28,731 29,306 29,892 30,490 31,099 31,721 32,356 33,003 33,663 34,336 35,023 35,723 36,438 37,167 37,910 38,668 39,442 40,230 41,035 41,856 939,210 Denton County 71,746 - - 2,405 3,608 4,810 4,906 5,004 5,104 5,207 5,311 5,417 5,525 5,636 5,748 5,863 5,981 6,100 6,222 6,347 6,474 6,603 6,735 6,870 7,007 7,147 7,290 7,436 7,585 7,737 7,891 8,049 8,210 184,230 Trophy CLUB MUD 1 33,590 - - 1,126 1,689 2,252 2,297 2,343 2,390 2,438 2,486 2,536 2,587 2,639 2,691 2,745 2,800 2,856 2,913 2,971 3,031 3,091 3,153 3,216 3,281 3,346 3,413 3,481 3,551 3,622 3,695 3,768 3,844 86,252 Total 563,048 - - 20,007 30,010 40,013 40,813 41,630 42,462 43,311 44,178 45,061 45,962 46,882 47,819 48,776 49,751 50,746 51,761 52,796 53,852 54,929 56,028 57,148 58,291 59,457 60,646 61,859 63,097 64,358 65,646 66,959 68,298 1,532,548 % OCCUPIED 0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - 11,724,300 17,586,450 23,448,600 23,917,572 24,395,923 24,883,842 25,381,519 25,889,149 26,406,932 26,935,071 27,473,772 28,023,248 28,583,713 29,155,387 29,738,495 30,333,264 30,939,930 31,558,728 32,189,903 32,833,701 33,490,375 34,160,182 34,843,386 35,540,254 36,251,059 36,976,080 37,715,602 38,469,914 39,239,312 40,024,098 PV GROSS Total 6,995,141 - - 234,486 351,729 468,972 478,351 487,918 497,677 507,630 517,783 528,139 538,701 549,475 560,465 571,674 583,108 594,770 606,665 618,799 631,175 643,798 656,674 669,807 683,204 696,868 710,805 725,021 739,522 754,312 769,398 784,786 800,482 17,962,195 SUMMARY PV GROSS Trophy Club 10,803,563 - - 362,149 543,224 724,298 738,784 753,560 768,631 784,004 799,684 815,677 831,991 848,631 865,603 882,916 900,574 918,585 936,957 955,696 974,810 994,306 1,014,192 1,034,476 1,055,166 1,076,269 1,097,794 1,119,750 1,142,145 1,164,988 1,188,288 1,212,054 1,236,295 27,741,499 Northwest ISD 11,078,975 - - 371,381 557,072 742,763 757,618 772,770 788,226 803,990 820,070 836,471 853,201 870,265 887,670 905,423 923,532 942,003 960,843 980,059 999,661 1,019,654 1,040,047 1,060,848 1,082,065 1,103,706 1,125,780 1,148,296 1,171,262 1,194,687 1,218,581 1,242,952 1,267,811 28,448,707 Denton County 2,173,188 - - 72,848 109,272 145,696 148,610 151,582 154,614 157,706 160,860 164,077 167,359 170,706 174,120 177,603 181,155 184,778 188,473 192,243 196,088 200,009 204,010 208,090 212,252 216,497 220,827 225,243 229,748 234,343 239,030 243,810 248,687 5,580,334 Trophy CLUB MUD 1 1,017,435 - - 34,106 51,159 68,211 69,576 70,967 72,387 73,834 75,311 76,817 78,353 79,921 81,519 83,149 84,812 86,509 88,239 90,004 91,804 93,640 95,512 97,423 99,371 101,359 103,386 105,453 107,563 109,714 111,908 114,146 116,429 2,612,580 Total 23,653,925 - - 840,484 1,260,726 1,680,968 1,714,588 1,748,879 1,783,857 1,819,534 1,855,925 1,893,043 1,930,904 1,969,522 2,008,913 2,049,091 2,090,073 2,131,874 2,174,512 2,218,002 2,262,362 2,307,609 2,353,761 2,400,837 2,448,853 2,497,830 2,547,787 2,598,743 2,650,718 2,703,732 2,757,807 2,812,963 2,869,222 64,383,120 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 120 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 17 Financial Feasibility Analysis PARTICIPATION REAL PROPERTY Taxable Value - - 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 PV GROSS Trophy Club 2,209,614 - - 74,069 111,104 148,138 151,101 154,123 157,205 160,349 163,556 166,828 170,164 173,567 177,039 180,580 184,191 187,875 191,632 195,465 199,374 203,362 207,429 211,578 215,809 220,125 224,528 229,019 233,599 238,271 243,036 247,897 252,855 5,673,869 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,260,865 - - 42,266 63,399 84,532 86,222 87,947 89,706 91,500 93,330 95,196 97,100 99,042 101,023 103,044 105,104 107,206 109,351 111,538 113,768 116,044 118,365 120,732 123,147 125,609 128,122 130,684 133,298 135,964 138,683 141,457 144,286 3,237,662 Trophy CLUB MUD 1 590,307 - - 19,788 29,682 39,576 40,367 41,175 41,998 42,838 43,695 44,569 45,460 46,369 47,297 48,243 49,207 50,192 51,195 52,219 53,264 54,329 55,416 56,524 57,654 58,807 59,984 61,183 62,407 63,655 64,928 66,227 67,551 1,515,797 Total 3,830,930 - - 136,123 204,184 272,245 277,690 283,244 288,909 294,687 300,581 306,593 312,724 318,979 325,358 331,866 338,503 345,273 352,178 359,222 366,406 373,735 381,209 388,833 396,610 404,542 412,633 420,886 429,304 437,890 446,647 455,580 464,692 10,427,328 PERSONAL PROPERTY Taxable Value - - 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - 11,724,300 17,586,450 23,448,600 23,917,572 24,395,923 24,883,842 25,381,519 25,889,149 26,406,932 26,935,071 27,473,772 28,023,248 28,583,713 29,155,387 29,738,495 30,333,264 30,939,930 31,558,728 32,189,903 32,833,701 33,490,375 34,160,182 34,843,386 35,540,254 36,251,059 36,976,080 37,715,602 38,469,914 39,239,312 40,024,098 PV GROSS Total 874,393 - - 29,310.75 43,966.13 58,621.50 59,793.93 60,989.81 62,209.60 63,453.80 64,722.87 66,017.33 67,337.68 68,684.43 70,058.12 71,459.28 72,888.47 74,346.24 75,833.16 77,349.82 78,896.82 80,474.76 82,084.25 83,725.94 85,400.46 87,108.47 88,850.63 90,627.65 92,440.20 94,289.00 96,174.78 98,098.28 100,060.25 2,245,274 SUMMARY PV GROSS Trophy Club 3,084,006 - - 103,380 155,070 206,760 210,895 215,113 219,415 223,803 228,279 232,845 237,502 242,252 247,097 252,039 257,080 262,221 267,466 272,815 278,271 283,837 289,513 295,304 301,210 307,234 313,379 319,646 326,039 332,560 339,211 345,995 352,915 7,919,144 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,260,865 - - 42,266 63,399 84,532 86,222 87,947 89,706 91,500 93,330 95,196 97,100 99,042 101,023 103,044 105,104 107,206 109,351 111,538 113,768 116,044 118,365 120,732 123,147 125,609 128,122 130,684 133,298 135,964 138,683 141,457 144,286 3,237,662 Trophy CLUB MUD 1 590,307 - - 19,788 29,682 39,576 40,367 41,175 41,998 42,838 43,695 44,569 45,460 46,369 47,297 48,243 49,207 50,192 51,195 52,219 53,264 54,329 55,416 56,524 57,654 58,807 59,984 61,183 62,407 63,655 64,928 66,227 67,551 1,515,797 Total 4,655,829 - - 165,433 248,150 330,867 337,484 344,234 351,119 358,141 365,304 372,610 380,062 387,663 395,417 403,325 411,391 419,619 428,012 436,572 445,303 454,209 463,294 472,559 482,011 491,651 501,484 511,513 521,744 532,179 542,822 553,679 564,752 12,672,603 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 7,719,556 - - 258,769 388,154 517,539 527,889 538,447 549,216 560,200 571,404 582,833 594,489 606,379 618,507 630,877 643,494 656,364 669,491 682,881 696,539 710,470 724,679 739,173 753,956 769,035 784,416 800,104 816,106 832,428 849,077 866,059 883,380 19,822,356 Northwest ISD 11,078,975 - - 371,381 557,072 742,763 757,618 772,770 788,226 803,990 820,070 836,471 853,201 870,265 887,670 905,423 923,532 942,003 960,843 980,059 999,661 1,019,654 1,040,047 1,060,848 1,082,065 1,103,706 1,125,780 1,148,296 1,171,262 1,194,687 1,218,581 1,242,952 1,267,811 28,448,707 Denton County 912,323 - - 30,582 45,873 61,164 62,388 63,635 64,908 66,206 67,530 68,881 70,259 71,664 73,097 74,559 76,050 77,571 79,123 80,705 82,319 83,966 85,645 87,358 89,105 90,887 92,705 94,559 96,450 98,379 100,347 102,354 104,401 2,342,672 Trophy CLUB MUD 1 427,128 - - 14,318 21,477 28,636 29,208 29,793 30,388 30,996 31,616 32,248 32,893 33,551 34,222 34,907 35,605 36,317 37,043 37,784 38,540 39,311 40,097 40,899 41,717 42,551 43,402 44,270 45,156 46,059 46,980 47,920 48,878 1,096,783 Total 18,998,096 - - 675,051 1,012,576 1,350,101 1,377,103 1,404,645 1,432,738 1,461,393 1,490,621 1,520,433 1,550,842 1,581,859 1,613,496 1,645,766 1,678,681 1,712,255 1,746,500 1,781,430 1,817,059 1,853,400 1,890,468 1,928,277 1,966,843 2,006,180 2,046,303 2,087,229 2,128,974 2,171,553 2,214,984 2,259,284 2,304,470 51,710,517 Town Council Page 121 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 18 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 SALES TAX RATE 0.0200000 12.50%0.0025000 Block C + H AREA Year SF/UNIT $/SF or $/Unit TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2020 13,765 300.00$ 4,129,500$ 20.00$ 275,300$ 300.00$ 4,129,500$ Office 2018 160,000 300$ 48,000,000$ 10$ 1,600,000$ -$ -$ Hotel 2019 200 90,000$ 18,000,000$ -$ -$ 3,000.00$ 600,000$ TOTAL 70,129,500.00 1,875,300.00 4,729,500.00 ►OUTPUT TOTAL TAX REVENUE TOTAL REAL PROPERTY PERSONAL PROPERTY SALES Trophy Club 25.1%16,437,212$ =12,743,034$ +341,959$ +3,352,220$ Northwest ISD 58.1%38,065,195$ =37,070,411$ +994,784$ +-$ Denton County 11.4%7,466,648$ =7,271,517$ +195,131$ +-$ Trophy CLUB MUD 1 5.3%3,495,708 =3,404,353$ +91,356$ +-$ 1 6546476350.0%6048931453.6%162322937.3%335221959.1% 100.0%92.4%2.5%5.1% TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY SALES Trophy Club 55.7%8,064,848$ =7,645,820$ +-$ +419,027$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 30.2%4,362,910$ =4,362,910$ +-$ +-$ Trophy CLUB MUD 1 14.1%2,042,612$ =2,042,612$ +-$ +-$ 1 1447036957.8%1405134212.9%0.0%41902744.9% 100.0%97.1%0.0%2.9% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES Trophy Club 16.4%8,372,365$ =5,097,213$ +341,959$ +2,933,192$ Northwest ISD 74.6%38,065,195$ =37,070,411$ +994,784$ +-$ Denton County 6.1%3,103,738$ =2,908,607$ +195,131$ +-$ Trophy CLUB MUD 1 2.8%1,453,097$ =1,361,741$ +91,356$ +-$ 1 5099439392.2%4643797240.7%162322937.3%293319214.2% 30 YEAR - BLOCK C + H : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES Town Council Page 122 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 19 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - - 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 PV GROSS Trophy Club 4,776,017 - - - 119,832 247,154 350,157 357,160 364,303 371,589 379,021 386,601 394,333 402,220 410,264 418,470 426,839 435,376 444,083 452,965 462,024 471,265 480,690 490,304 500,110 510,112 520,314 530,721 541,335 552,162 563,205 574,469 585,958 12,743,034 Northwest ISD 13,893,780 - - - 348,600 718,988 1,018,631 1,039,004 1,059,784 1,080,979 1,102,599 1,124,651 1,147,144 1,170,087 1,193,489 1,217,358 1,241,705 1,266,540 1,291,870 1,317,708 1,344,062 1,370,943 1,398,362 1,426,329 1,454,856 1,483,953 1,513,632 1,543,905 1,574,783 1,606,278 1,638,404 1,671,172 1,704,596 37,070,411 Denton County 2,725,323 - - - 68,379 141,032 199,809 203,805 207,881 212,039 216,279 220,605 225,017 229,517 234,108 238,790 243,566 248,437 253,406 258,474 263,643 268,916 274,295 279,781 285,376 291,084 296,905 302,843 308,900 315,078 321,380 327,807 334,364 7,271,517 Trophy CLUB MUD 1 1,275,932 - - - 32,014 66,028 93,546 95,417 97,325 99,271 101,257 103,282 105,348 107,455 109,604 111,796 114,032 116,312 118,639 121,011 123,432 125,900 128,418 130,987 133,606 136,278 139,004 141,784 144,620 147,512 150,462 153,472 156,541 3,404,353 Total 21,387,785 - - - 568,825 1,173,201 1,662,142 1,695,385 1,729,293 1,763,878 1,799,156 1,835,139 1,871,842 1,909,279 1,947,464 1,986,414 2,026,142 2,066,665 2,107,998 2,150,158 2,193,161 2,237,024 2,281,765 2,327,400 2,373,948 2,421,427 2,469,856 2,519,253 2,569,638 2,621,031 2,673,451 2,726,920 2,781,459 60,489,315 % OCCUPIED 0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - - 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 PV GROSS Trophy Club 128,704 - - - 3,994 7,023 9,363 9,551 9,742 9,936 10,135 10,338 10,545 10,756 10,971 11,190 11,414 11,642 11,875 12,113 12,355 12,602 12,854 13,111 13,373 13,641 13,913 14,192 14,476 14,765 15,060 15,362 15,669 341,959 Northwest ISD 374,410 - - - 11,620 20,429 27,239 27,784 28,339 28,906 29,484 30,074 30,675 31,289 31,915 32,553 33,204 33,868 34,545 35,236 35,941 36,660 37,393 38,141 38,904 39,682 40,475 41,285 42,111 42,953 43,812 44,688 45,582 994,784 Denton County 73,442 - - - 2,279 4,007 5,343 5,450 5,559 5,670 5,783 5,899 6,017 6,137 6,260 6,385 6,513 6,643 6,776 6,912 7,050 7,191 7,335 7,481 7,631 7,784 7,939 8,098 8,260 8,425 8,594 8,766 8,941 195,131 Trophy CLUB MUD 1 34,384 - - - 1,067 1,876 2,501 2,551 2,603 2,655 2,708 2,762 2,817 2,873 2,931 2,989 3,049 3,110 3,172 3,236 3,301 3,367 3,434 3,503 3,573 3,644 3,717 3,791 3,867 3,945 4,023 4,104 4,186 91,356 Total 576,358 - - - 18,961 33,335 44,447 45,335 46,242 47,167 48,110 49,073 50,054 51,055 52,076 53,118 54,180 55,264 56,369 57,496 58,646 59,819 61,016 62,236 63,481 64,750 66,045 67,366 68,713 70,088 71,490 72,919 74,378 1,623,229 % OCCUPIED 0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - 450,000 4,729,500 4,824,090 4,920,572 5,018,983 5,119,363 5,221,750 5,326,185 5,432,709 5,541,363 5,652,190 5,765,234 5,880,539 5,998,150 6,118,113 6,240,475 6,365,284 6,492,590 6,622,442 6,754,891 6,889,988 7,027,788 7,168,344 7,311,711 7,457,945 7,607,104 7,759,246 7,914,431 PV GROSS Total 1,148,340 - - - - 9,000 94,590 96,482 98,411 100,380 102,387 104,435 106,524 108,654 110,827 113,044 115,305 117,611 119,963 122,362 124,809 127,306 129,852 132,449 135,098 137,800 140,556 143,367 146,234 149,159 152,142 155,185 158,289 3,352,220 SUMMARY PV GROSS Trophy Club 6,121,961 - - - 123,826 263,176 454,110 463,192 472,456 481,905 491,543 501,374 511,402 521,630 532,062 542,703 553,558 564,629 575,921 587,440 599,188 611,172 623,396 635,864 648,581 661,552 674,784 688,279 702,045 716,086 730,407 745,016 759,916 16,437,212 Northwest ISD 14,268,189 - - - 360,220 739,417 1,045,870 1,066,787 1,088,123 1,109,885 1,132,083 1,154,725 1,177,819 1,201,376 1,225,403 1,249,911 1,274,909 1,300,408 1,326,416 1,352,944 1,380,003 1,407,603 1,435,755 1,464,470 1,493,760 1,523,635 1,554,107 1,585,190 1,616,893 1,649,231 1,682,216 1,715,860 1,750,177 38,065,195 Denton County 2,798,765 - - - 70,659 145,040 205,152 209,255 213,440 217,709 222,063 226,504 231,034 235,655 240,368 245,175 250,079 255,080 260,182 265,386 270,693 276,107 281,629 287,262 293,007 298,867 304,845 310,942 317,160 323,504 329,974 336,573 343,305 7,466,648 Trophy CLUB MUD 1 1,310,316 - - - 33,081 67,904 96,047 97,968 99,928 101,926 103,965 106,044 108,165 110,328 112,535 114,785 117,081 119,423 121,811 124,247 126,732 129,267 131,852 134,489 137,179 139,923 142,721 145,576 148,487 151,457 154,486 157,576 160,727 3,495,708 Total 23,112,483 - - - 587,786 1,215,536 1,801,179 1,837,202 1,873,946 1,911,425 1,949,654 1,988,647 2,028,420 2,068,988 2,110,368 2,152,575 2,195,627 2,239,539 2,284,330 2,330,017 2,376,617 2,424,149 2,472,632 2,522,085 2,572,527 2,623,977 2,676,457 2,729,986 2,784,586 2,840,277 2,897,083 2,955,024 3,014,125 65,464,764 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 123 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 20 PARTICIPATION REAL PROPERTY Taxable Value - - - 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 PV GROSS Trophy Club 2,865,610 - - - 71,899 148,292 210,094 214,296 218,582 222,953 227,412 231,961 236,600 241,332 246,159 251,082 256,103 261,225 266,450 271,779 277,215 282,759 288,414 294,182 300,066 306,067 312,189 318,432 324,801 331,297 337,923 344,681 351,575 7,645,820 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,635,194 - - - 41,028 84,619 119,885 122,283 124,729 127,223 129,768 132,363 135,010 137,710 140,465 143,274 146,139 149,062 152,043 155,084 158,186 161,350 164,577 167,868 171,226 174,650 178,143 181,706 185,340 189,047 192,828 196,684 200,618 4,362,910 Trophy CLUB MUD 1 765,559 - - - 19,208 39,617 56,127 57,250 58,395 59,563 60,754 61,969 63,209 64,473 65,762 67,077 68,419 69,787 71,183 72,607 74,059 75,540 77,051 78,592 80,164 81,767 83,402 85,070 86,772 88,507 90,277 92,083 93,925 2,042,612 Total 4,968,267 - - - 132,135 272,528 386,107 393,829 401,705 409,739 417,934 426,293 434,819 443,515 452,385 461,433 470,662 480,075 489,677 499,470 509,460 519,649 530,042 540,643 551,455 562,484 573,734 585,209 596,913 608,851 621,028 633,449 646,118 14,051,342 PERSONAL PROPERTY Taxable Value - - - 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - 450,000 4,729,500 4,824,090 4,920,572 5,018,983 5,119,363 5,221,750 5,326,185 5,432,709 5,541,363 5,652,190 5,765,234 5,880,539 5,998,150 6,118,113 6,240,475 6,365,284 6,492,590 6,622,442 6,754,891 6,889,988 7,027,788 7,168,344 7,311,711 7,457,945 7,607,104 7,759,246 7,914,431 PV GROSS Total 143,543 - - - - 1,125 11,824 12,060 12,301 12,547 12,798 13,054 13,315 13,582 13,853 14,130 14,413 14,701 14,995 15,295 15,601 15,913 16,231 16,556 16,887 17,225 17,569 17,921 18,279 18,645 19,018 19,398 19,786 419,027 SUMMARY - PV GROSS Trophy Club 3,017,765 - - - 71,899 149,417 221,918 226,356 230,883 235,501 240,211 245,015 249,915 254,914 260,012 265,212 270,516 275,927 281,445 287,074 292,816 298,672 304,645 310,738 316,953 323,292 329,758 336,353 343,080 349,942 356,941 364,080 371,361 8,064,848 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,635,194 - - - 41,028 84,619 119,885 122,283 124,729 127,223 129,768 132,363 135,010 137,710 140,465 143,274 146,139 149,062 152,043 155,084 158,186 161,350 164,577 167,868 171,226 174,650 178,143 181,706 185,340 189,047 192,828 196,684 200,618 4,362,910 Trophy CLUB MUD 1 765,559 - - - 19,208 39,617 56,127 57,250 58,395 59,563 60,754 61,969 63,209 64,473 65,762 67,077 68,419 69,787 71,183 72,607 74,059 75,540 77,051 78,592 80,164 81,767 83,402 85,070 86,772 88,507 90,277 92,083 93,925 2,042,612 Total 5,111,810 - - - 132,135 273,653 397,930 405,889 414,007 422,287 430,733 439,347 448,134 457,097 466,239 475,564 485,075 494,776 504,672 514,765 525,061 535,562 546,273 557,199 568,343 579,709 591,304 603,130 615,192 627,496 640,046 652,847 665,904 14,470,370 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 3,104,196 - - - 51,927 113,759 232,192 236,836 241,573 246,404 251,332 256,359 261,486 266,716 272,050 277,491 283,041 288,702 294,476 300,365 306,373 312,500 318,750 325,125 331,628 338,260 345,025 351,926 358,965 366,144 373,467 380,936 388,555 8,372,365 Northwest ISD 14,268,189 - - - 360,220 739,417 1,045,870 1,066,787 1,088,123 1,109,885 1,132,083 1,154,725 1,177,819 1,201,376 1,225,403 1,249,911 1,274,909 1,300,408 1,326,416 1,352,944 1,380,003 1,407,603 1,435,755 1,464,470 1,493,760 1,523,635 1,554,107 1,585,190 1,616,893 1,649,231 1,682,216 1,715,860 1,750,177 38,065,195 Denton County 1,163,571 - - - 29,631 60,420 85,266 86,972 88,711 90,485 92,295 94,141 96,024 97,944 99,903 101,901 103,939 106,018 108,139 110,301 112,507 114,757 117,053 119,394 121,782 124,217 126,702 129,236 131,820 134,457 137,146 139,889 142,687 3,103,738 Trophy CLUB MUD 1 544,757 - - - 13,873 28,287 39,920 40,718 41,533 42,363 43,210 44,075 44,956 45,855 46,772 47,708 48,662 49,635 50,628 51,640 52,673 53,727 54,801 55,897 57,015 58,156 59,319 60,505 61,715 62,949 64,208 65,493 66,802 1,453,097 Total 18,000,673 - - - 455,651 941,883 1,403,248 1,431,313 1,459,939 1,489,138 1,518,921 1,549,299 1,580,285 1,611,891 1,644,129 1,677,012 1,710,552 1,744,763 1,779,658 1,815,251 1,851,556 1,888,587 1,926,359 1,964,886 2,004,184 2,044,268 2,085,153 2,126,856 2,169,393 2,212,781 2,257,037 2,302,177 2,348,221 50,994,394 Town Council Page 124 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 21 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block D AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2019 17,054 300.00$ 5,116,200$ 20.00$ 341,080$ 300.00$ 5,116,200$ TOTAL 17,054 5,116,200 341,080 5,116,200 OUTPUT ► TOTAL TAX REVENUE TOTAL Trophy Club 55.9%4,524,779$ =892,061$ +59,471$ +3,573,247$ Northwest ISD 34.2%2,768,075$ =2,595,070$ +173,005$ +-$ Denton County 6.7%542,970$ =509,034$ +33,936$ +-$ Trophy CLUB MUD 1 3.1%254,206$ =238,318$ +15,888$ +-$ 100.0%8,090,029 4,234,483$ 282,299$ 3,573,247$ 100.0%52.3%3.5%44.2% TOTAL PARTICIPATION TOTAL Trophy Club 68.6%981,892$ =535,237$ +-$ +446,656$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 21.4%305,420$ =305,420$ +-$ +-$ Trophy CLUB MUD 1 10.0%142,991$ =142,991$ +-$ +-$ 100.0%1,430,303$ 983,648$ -$ 446,656$ 100.0%68.8%0.0%31.2% NET BENEFIT TOTAL Trophy Club 53.2%3,542,886$ =356,824$ +59,471$ +3,126,591$ Northwest ISD 41.6%2,768,075$ =2,595,070$ +173,005$ +-$ Denton County 3.6%237,549$ =203,614$ +33,936$ +-$ Trophy CLUB MUD 1 1.7%111,215$ =95,327$ +15,888$ +-$ 100.0%6,659,725$ 3,250,836$ 282,299$ 3,126,591$ 100.0%48.8%4.2%46.9% 30 YEAR - BLOCK D : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY REAL PROPERTY PERSONAL PROPERTY SALES PERSONAL PROPERTY SALES Town Council Page 125 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 22 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Trophy Club 326,117 - - - - 12,773 19,159 25,545 26,056 26,577 27,109 27,651 28,204 28,768 29,343 29,930 30,529 31,139 31,762 32,397 33,045 33,706 34,380 35,068 35,769 36,485 37,215 37,959 38,718 39,492 40,282 41,088 41,910 892,061 Northwest ISD 948,697 - - - - 37,156 55,735 74,313 75,799 77,315 78,861 80,439 82,047 83,688 85,362 87,069 88,811 90,587 92,399 94,247 96,132 98,054 100,015 102,016 104,056 106,137 108,260 110,425 112,633 114,886 117,184 119,527 121,918 2,595,070 Denton County 186,091 - - - - 7,288 10,933 14,577 14,868 15,166 15,469 15,778 16,094 16,416 16,744 17,079 17,421 17,769 18,124 18,487 18,857 19,234 19,618 20,011 20,411 20,819 21,236 21,660 22,094 22,535 22,986 23,446 23,915 509,034 Trophy CLUB MUD 1 87,123 - - - - 3,412 5,118 6,824 6,961 7,100 7,242 7,387 7,535 7,685 7,839 7,996 8,156 8,319 8,485 8,655 8,828 9,005 9,185 9,369 9,556 9,747 9,942 10,141 10,344 10,551 10,762 10,977 11,196 238,318 Total 1,548,028 - - - - 60,630 90,944 121,259 123,684 126,158 128,681 131,255 133,880 136,558 139,289 142,075 144,916 147,814 150,771 153,786 156,862 159,999 163,199 166,463 169,792 173,188 176,652 180,185 183,789 187,464 191,214 195,038 198,939 4,234,483 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - - - 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 PV GROSS Trophy Club 21,741 - - - - 852 1,277 1,703 1,737 1,772 1,807 1,843 1,880 1,918 1,956 1,995 2,035 2,076 2,117 2,160 2,203 2,247 2,292 2,338 2,385 2,432 2,481 2,531 2,581 2,633 2,685 2,739 2,794 59,471 Northwest ISD 63,246 - - - - 2,477 3,716 4,954 5,053 5,154 5,257 5,363 5,470 5,579 5,691 5,805 5,921 6,039 6,160 6,283 6,409 6,537 6,668 6,801 6,937 7,076 7,217 7,362 7,509 7,659 7,812 7,968 8,128 173,005 Denton County 12,406 - - - - 486 729 972 991 1,011 1,031 1,052 1,073 1,094 1,116 1,139 1,161 1,185 1,208 1,232 1,257 1,282 1,308 1,334 1,361 1,388 1,416 1,444 1,473 1,502 1,532 1,563 1,594 33,936 Trophy CLUB MUD 1 5,808 - - - - 227 341 455 464 473 483 492 502 512 523 533 544 555 566 577 589 600 612 625 637 650 663 676 690 703 717 732 746 15,888 Total 103,202 - - - - 4,042 6,063 8,084 8,246 8,411 8,579 8,750 8,925 9,104 9,286 9,472 9,661 9,854 10,051 10,252 10,457 10,667 10,880 11,098 11,319 11,546 11,777 12,012 12,253 12,498 12,748 13,003 13,263 282,299 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Total 1,306,296 - - - - 51,162 76,743 102,324 104,370 106,458 108,587 110,759 112,974 115,233 117,538 119,889 122,287 124,732 127,227 129,772 132,367 135,014 137,715 140,469 143,278 146,144 149,067 152,048 155,089 158,191 161,355 164,582 167,873 3,573,247 SUMMARY PV GROSS Trophy Club 1,654,154 - - - - 64,786 97,179 129,572 132,164 134,807 137,503 140,253 143,058 145,919 148,838 151,814 154,851 157,948 161,107 164,329 167,615 170,968 174,387 177,875 181,432 185,061 188,762 192,537 196,388 200,316 204,322 208,409 212,577 4,524,779 Northwest ISD 1,011,944 - - - - 39,633 59,450 79,267 80,852 82,469 84,119 85,801 87,517 89,268 91,053 92,874 94,731 96,626 98,559 100,530 102,540 104,591 106,683 108,817 110,993 113,213 115,477 117,787 120,142 122,545 124,996 127,496 130,046 2,768,075 Denton County 198,497 - - - - 7,774 11,661 15,549 15,860 16,177 16,500 16,830 17,167 17,510 17,860 18,218 18,582 18,954 19,333 19,719 20,114 20,516 20,926 21,345 21,772 22,207 22,651 23,104 23,566 24,038 24,519 25,009 25,509 542,970 Trophy CLUB MUD 1 92,932 - - - - 3,640 5,460 7,279 7,425 7,574 7,725 7,880 8,037 8,198 8,362 8,529 8,700 8,874 9,051 9,232 9,417 9,605 9,797 9,993 10,193 10,397 10,605 10,817 11,033 11,254 11,479 11,709 11,943 254,206 Total 2,957,526 - - - - 115,834 173,750 231,667 236,301 241,027 245,847 250,764 255,779 260,895 266,113 271,435 276,864 282,401 288,049 293,810 299,686 305,680 311,794 318,029 324,390 330,878 337,495 344,245 351,130 358,153 365,316 372,622 380,075 8,090,029 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 126 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 23 PARTICIPATION REAL PROPERTY Taxable Value - - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Trophy Club 195,670 - - - - 7,664 11,495 15,327 15,634 15,946 16,265 16,591 16,922 17,261 17,606 17,958 18,317 18,684 19,057 19,438 19,827 20,224 20,628 21,041 21,462 21,891 22,329 22,775 23,231 23,695 24,169 24,653 25,146 535,237 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 111,655 - - - - 4,373 6,560 8,746 8,921 9,099 9,281 9,467 9,656 9,849 10,046 10,247 10,452 10,661 10,875 11,092 11,314 11,540 11,771 12,006 12,247 12,492 12,741 12,996 13,256 13,521 13,792 14,067 14,349 305,420 Trophy CLUB MUD 1 52,274 - - - - 2,047 3,071 4,095 4,177 4,260 4,345 4,432 4,521 4,611 4,704 4,798 4,894 4,991 5,091 5,193 5,297 5,403 5,511 5,621 5,734 5,848 5,965 6,085 6,206 6,330 6,457 6,586 6,718 142,991 Total 359,599 - - - - 14,084 21,126 28,168 28,731 29,306 29,892 30,490 31,100 31,722 32,356 33,003 33,663 34,336 35,023 35,724 36,438 37,167 37,910 38,668 39,442 40,231 41,035 41,856 42,693 43,547 44,418 45,306 46,212 983,648 PERSONAL PROPERTY Taxable Value - - - - 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Total 163,287 - - - - 6,395 9,593 12,791 13,046 13,307 13,573 13,845 14,122 14,404 14,692 14,986 15,286 15,592 15,903 16,221 16,546 16,877 17,214 17,559 17,910 18,268 18,633 19,006 19,386 19,774 20,169 20,573 20,984 446,656 SUMMARY PV GROSS Trophy Club 358,957 - - - - 14,059 21,088 28,118 28,680 29,254 29,839 30,435 31,044 31,665 32,298 32,944 33,603 34,275 34,961 35,660 36,373 37,101 37,843 38,599 39,371 40,159 40,962 41,781 42,617 43,469 44,339 45,225 46,130 981,892 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 111,655 - - - - 4,373 6,560 8,746 8,921 9,099 9,281 9,467 9,656 9,849 10,046 10,247 10,452 10,661 10,875 11,092 11,314 11,540 11,771 12,006 12,247 12,492 12,741 12,996 13,256 13,521 13,792 14,067 14,349 305,420 Trophy CLUB MUD 1 52,274 - - - - 2,047 3,071 4,095 4,177 4,260 4,345 4,432 4,521 4,611 4,704 4,798 4,894 4,991 5,091 5,193 5,297 5,403 5,511 5,621 5,734 5,848 5,965 6,085 6,206 6,330 6,457 6,586 6,718 142,991 Total 522,886 - - - - 20,479 30,719 40,958 41,778 42,613 43,465 44,335 45,221 46,126 47,048 47,989 48,949 49,928 50,927 51,945 52,984 54,044 55,125 56,227 57,352 58,499 59,669 60,862 62,079 63,321 64,587 65,879 67,197 1,430,303 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,295,197 - - - - 50,727 76,091 101,455 103,484 105,553 107,664 109,818 112,014 114,254 116,539 118,870 121,248 123,673 126,146 128,669 131,242 133,867 136,545 139,275 142,061 144,902 147,800 150,756 153,771 156,847 159,984 163,183 166,447 3,542,886 Northwest ISD 1,011,944 - - - - 39,633 59,450 79,267 80,852 82,469 84,119 85,801 87,517 89,268 91,053 92,874 94,731 96,626 98,559 100,530 102,540 104,591 106,683 108,817 110,993 113,213 115,477 117,787 120,142 122,545 124,996 127,496 130,046 2,768,075 Denton County 86,842 - - - - 3,401 5,102 6,802 6,939 7,077 7,219 7,363 7,511 7,661 7,814 7,970 8,130 8,292 8,458 8,627 8,800 8,976 9,155 9,338 9,525 9,716 9,910 10,108 10,310 10,517 10,727 10,941 11,160 237,549 Trophy CLUB MUD 1 40,658 - - - - 1,592 2,389 3,185 3,248 3,313 3,380 3,447 3,516 3,587 3,658 3,731 3,806 3,882 3,960 4,039 4,120 4,202 4,286 4,372 4,459 4,549 4,640 4,732 4,827 4,924 5,022 5,122 5,225 111,215 Total 2,434,640 - - - - 95,354 143,032 190,709 194,523 198,413 202,382 206,429 210,558 214,769 219,065 223,446 227,915 232,473 237,122 241,865 246,702 251,636 256,669 261,802 267,038 272,379 277,827 283,383 289,051 294,832 300,729 306,743 312,878 6,659,725 Town Council Page 127 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 24 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block E & F AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2019 23,700 300.00$ 7,110,000$ 20.00$ 474,000$ 300.00$ 7,110,000$ Office 2019 12,000 200.00$ 2,400,000$ 10.00$ 120,000$ TOTAL 35,700 9,510,000 594,000 7,110,000 ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 50.5%6,727,487$ =1,658,164$ +103,570$ +4,965,753$ Northwest ISD 38.5%5,125,013$ =4,823,721$ +301,292$ +-$ Denton County 7.5%1,005,293$ =946,193$ +59,100$ +-$ Trophy CLUB MUD 1 3.5%470,654$ =442,985$ +27,669$ +-$ 100.0%13,328,447 7,871,064$ 491,631$ 4,965,753$ 100.0%59.1%3.7%37.3% TOTAL PARTICIPATION TOTAL Trophy Club 66.0%1,615,618$ =994,899$ +-$ +620,719$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 23.2%567,716$ =567,716$ +-$ +-$ Trophy CLUB MUD 1 10.9%265,791$ =265,791$ +-$ +-$ 100.0%2,449,125$ 1,828,406$ -$ 620,719$ 100.0%74.7%0.0%25.3% NET BENEFIT TOTAL Trophy Club 47.0%5,111,869$ =663,266$ +103,570$ +4,345,034$ Northwest ISD 47.1%5,125,013$ =4,823,721$ +301,292$ +-$ Denton County 4.0%437,577$ =378,477$ +59,100$ +-$ Trophy CLUB MUD 1 1.9%204,863$ =177,194$ +27,669$ +-$ 100.0%10,879,323$ 6,042,658$ 491,631$ 4,345,034$ 100.0%55.5%4.5%39.9% REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES 30 YEAR - BLOCK E : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES Town Council Page 128 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 25 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - - 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 PV GROSS Trophy Club 606,186 - - - - 23,742 35,613 47,483 48,433 49,402 50,390 51,398 52,426 53,474 54,544 55,634 56,747 57,882 59,040 60,220 61,425 62,653 63,906 65,185 66,488 67,818 69,174 70,558 71,969 73,408 74,877 76,374 77,902 1,658,164 Northwest ISD 1,763,440 - - - - 69,066 103,600 138,133 140,895 143,713 146,588 149,519 152,510 155,560 158,671 161,845 165,081 168,383 171,751 175,186 178,689 182,263 185,908 189,627 193,419 197,288 201,233 205,258 209,363 213,550 217,821 222,178 226,621 4,823,721 D enton County 345,906 - - - - 13,548 20,321 27,095 27,637 28,190 28,754 29,329 29,915 30,514 31,124 31,746 32,381 33,029 33,690 34,363 35,051 35,752 36,467 37,196 37,940 38,699 39,473 40,262 41,067 41,889 42,727 43,581 44,453 946,193 Trophy CLUB MUD 1 161,945 - - - - 6,343 9,514 12,685 12,939 13,198 13,462 13,731 14,006 14,286 14,572 14,863 15,160 15,463 15,773 16,088 16,410 16,738 17,073 17,414 17,763 18,118 18,480 18,850 19,227 19,611 20,004 20,404 20,812 442,985 Total 2,877,477 - - - - 112,698 169,048 225,397 229,905 234,503 239,193 243,977 248,856 253,834 258,910 264,088 269,370 274,758 280,253 285,858 291,575 297,406 303,355 309,422 315,610 321,922 328,361 334,928 341,626 348,459 355,428 362,537 369,787 7,871,064 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - - - 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 PV GROSS Trophy Club 37,863 - - - - 1,483 2,224 2,966 3,025 3,086 3,147 3,210 3,275 3,340 3,407 3,475 3,544 3,615 3,688 3,761 3,837 3,913 3,992 4,071 4,153 4,236 4,321 4,407 4,495 4,585 4,677 4,770 4,866 103,570 Northwest ISD 110,145 - - - - 4,314 6,471 8,628 8,800 8,976 9,156 9,339 9,526 9,716 9,911 10,109 10,311 10,517 10,728 10,942 11,161 11,384 11,612 11,844 12,081 12,323 12,569 12,821 13,077 13,338 13,605 13,877 14,155 301,292 Denton County 21,605 - - - - 846 1,269 1,692 1,726 1,761 1,796 1,832 1,869 1,906 1,944 1,983 2,023 2,063 2,104 2,146 2,189 2,233 2,278 2,323 2,370 2,417 2,465 2,515 2,565 2,616 2,669 2,722 2,777 59,100 Trophy CLUB MUD 1 10,115 - - - - 396 594 792 808 824 841 858 875 892 910 928 947 966 985 1,005 1,025 1,045 1,066 1,088 1,109 1,132 1,154 1,177 1,201 1,225 1,249 1,274 1,300 27,669 Total 179,729 - - - - 7,039 10,559 14,078 14,360 14,647 14,940 15,239 15,544 15,855 16,172 16,495 16,825 17,162 17,505 17,855 18,212 18,576 18,948 19,327 19,713 20,107 20,510 20,920 21,338 21,765 22,200 22,644 23,097 491,631 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - 3,555,000 5,332,500 7,110,000 7,252,200 7,397,244 7,545,189 7,696,093 7,850,015 8,007,015 8,167,155 8,330,498 8,497,108 8,667,050 8,840,391 9,017,199 9,197,543 9,381,494 9,569,124 9,760,506 9,955,716 10,154,831 10,357,927 10,565,086 10,776,388 10,991,915 11,211,754 11,435,989 11,664,709 PV GROSS Total 1,815,363 - - - - 71,100 106,650 142,200 145,044 147,945 150,904 153,922 157,000 160,140 163,343 166,610 169,942 173,341 176,808 180,344 183,951 187,630 191,382 195,210 199,114 203,097 207,159 211,302 215,528 219,838 224,235 228,720 233,294 4,965,753 SUMMARY PV GROSS Trophy Club 2,459,412 - - - - 96,325 144,487 192,649 196,502 200,432 204,441 208,530 212,700 216,954 221,293 225,719 230,234 234,838 239,535 244,326 249,212 254,197 259,281 264,466 269,755 275,151 280,654 286,267 291,992 297,832 303,788 309,864 316,062 6,727,487 Northwest ISD 1,873,585 - - - - 73,380 110,070 146,761 149,696 152,690 155,744 158,858 162,036 165,276 168,582 171,953 175,393 178,900 182,478 186,128 189,850 193,647 197,520 201,471 205,500 209,610 213,802 218,079 222,440 226,889 231,427 236,055 240,776 5,125,013 Denton County 367,512 - - - - 14,394 21,591 28,788 29,363 29,951 30,550 31,161 31,784 32,420 33,068 33,729 34,404 35,092 35,794 36,510 37,240 37,985 38,744 39,519 40,310 41,116 41,938 42,777 43,633 44,505 45,395 46,303 47,229 1,005,293 Trophy CLUB MUD 1 172,060 - - - - 6,739 10,108 13,478 13,747 14,022 14,303 14,589 14,880 15,178 15,482 15,791 16,107 16,429 16,758 17,093 17,435 17,784 18,139 18,502 18,872 19,250 19,635 20,027 20,428 20,836 21,253 21,678 22,112 470,654 Total 4,872,570 - - - - 190,838 286,256 381,675 389,309 397,095 405,037 413,138 421,400 429,828 438,425 447,193 456,137 465,260 474,565 484,057 493,738 503,612 513,685 523,958 534,438 545,126 556,029 567,149 578,492 590,062 601,864 613,901 626,179 13,328,447 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 129 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 26 PARTICIPATION REAL PROPERTY Taxable Value - - - - 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 PV GROSS Trophy Club 363,712 - - - - 14,245 21,368 28,490 29,060 29,641 30,234 30,839 31,455 32,084 32,726 33,381 34,048 34,729 35,424 36,132 36,855 37,592 38,344 39,111 39,893 40,691 41,505 42,335 43,181 44,045 44,926 45,824 46,741 994,899 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 207,544 - - - - 8,129 12,193 16,257 16,582 16,914 17,252 17,597 17,949 18,308 18,674 19,048 19,429 19,817 20,214 20,618 21,030 21,451 21,880 22,318 22,764 23,219 23,684 24,157 24,640 25,133 25,636 26,149 26,672 567,716 Trophy CLUB MUD 1 97,167 - - - - 3,806 5,708 7,611 7,763 7,919 8,077 8,239 8,403 8,571 8,743 8,918 9,096 9,278 9,464 9,653 9,846 10,043 10,244 10,449 10,658 10,871 11,088 11,310 11,536 11,767 12,002 12,242 12,487 265,791 Total 668,423 - - - - 26,179 39,269 52,358 53,406 54,474 55,563 56,675 57,808 58,964 60,143 61,346 62,573 63,825 65,101 66,403 67,731 69,086 70,468 71,877 73,315 74,781 76,276 77,802 79,358 80,945 82,564 84,215 85,900 1,828,406 PERSONAL PROPERTY Taxable Value - - - - 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - 3,555,000 5,332,500 7,110,000 7,252,200 7,397,244 7,545,189 7,696,093 7,850,015 8,007,015 8,167,155 8,330,498 8,497,108 8,667,050 8,840,391 9,017,199 9,197,543 9,381,494 9,569,124 9,760,506 9,955,716 10,154,831 10,357,927 10,565,086 10,776,388 10,991,915 11,211,754 11,435,989 11,664,709 PV GROSS Total 226,920 - - - - 8,888 13,331 17,775 18,131 18,493 18,863 19,240 19,625 20,018 20,418 20,826 21,243 21,668 22,101 22,543 22,994 23,454 23,923 24,401 24,889 25,387 25,895 26,413 26,941 27,480 28,029 28,590 29,162 620,719 SUMMARY PV GROSS Trophy Club 590,632 - - - - 23,133 34,699 46,265 47,190 48,134 49,097 50,079 51,080 52,102 53,144 54,207 55,291 56,397 57,525 58,675 59,849 61,046 62,267 63,512 64,782 66,078 67,399 68,747 70,122 71,525 72,955 74,414 75,903 1,615,618 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 207,544 - - - - 8,129 12,193 16,257 16,582 16,914 17,252 17,597 17,949 18,308 18,674 19,048 19,429 19,817 20,214 20,618 21,030 21,451 21,880 22,318 22,764 23,219 23,684 24,157 24,640 25,133 25,636 26,149 26,672 567,716 Trophy CLUB MUD 1 97,167 - - - - 3,806 5,708 7,611 7,763 7,919 8,077 8,239 8,403 8,571 8,743 8,918 9,096 9,278 9,464 9,653 9,846 10,043 10,244 10,449 10,658 10,871 11,088 11,310 11,536 11,767 12,002 12,242 12,487 265,791 Total 895,343 - - - - 35,067 52,600 70,133 71,536 72,967 74,426 75,915 77,433 78,982 80,561 82,173 83,816 85,492 87,202 88,946 90,725 92,540 94,390 96,278 98,204 100,168 102,171 104,215 106,299 108,425 110,593 112,805 115,061 2,449,125 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,868,780 - - - - 73,192 109,788 146,384 149,312 152,298 155,344 158,451 161,620 164,852 168,149 171,512 174,943 178,442 182,010 185,651 189,364 193,151 197,014 200,954 204,973 209,073 213,254 217,519 221,870 226,307 230,833 235,450 240,159 5,111,869 Northwest ISD 1,873,585 - - - - 73,380 110,070 146,761 149,696 152,690 155,744 158,858 162,036 165,276 168,582 171,953 175,393 178,900 182,478 186,128 189,850 193,647 197,520 201,471 205,500 209,610 213,802 218,079 222,440 226,889 231,427 236,055 240,776 5,125,013 Denton County 159,968 - - - - 6,265 9,398 12,531 12,781 13,037 13,297 13,563 13,835 14,111 14,394 14,681 14,975 15,275 15,580 15,892 16,210 16,534 16,864 17,202 17,546 17,897 18,255 18,620 18,992 19,372 19,759 20,155 20,558 437,577 Trophy CLUB MUD 1 74,893 - - - - 2,933 4,400 5,866 5,984 6,103 6,226 6,350 6,477 6,607 6,739 6,874 7,011 7,151 7,294 7,440 7,589 7,741 7,896 8,053 8,215 8,379 8,546 8,717 8,892 9,069 9,251 9,436 9,625 204,863 Total 3,977,227 - - - - 155,771 233,656 311,542 317,773 324,128 330,611 337,223 343,967 350,847 357,864 365,021 372,321 379,768 387,363 395,110 403,013 411,073 419,294 427,680 436,234 444,958 453,858 462,935 472,193 481,637 491,270 501,095 511,117 10,879,323 Town Council Page 130 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 27 Financial Feasibility Analysis TAXABLE BASE YEAR GROWTH 2% DISCOUNT RATE 6% Trophy Club 0.4993000 100% 0.4993000 Trophy Club 0.4993000 100% 0.4993000 Northwest ISD 1.4525000 100% 1.4525000 Northwest ISD 1.4525000 100% 1.4525000 Denton County 0.2849140 100% 0.2849140 Denton County 0.2849140 100% 0.2849140 Trophy CLUB MUD 1 0.1333900 100% 0.1333900 Trophy CLUB MUD 1 0.1333900 100% 0.1333900 2.3701040 2.3701040 2.3701040 2.3701040 BASE YEAR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 FY ENDING SEPTEMBER 30TH 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 TOTALS BASE YEAR Trophy Club 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Northwest ISD 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Denton County 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Trophy CLUB MUD 1 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 TAXABLE VALUE Trophy Club 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Northwest ISD 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Denton County 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Trophy CLUB MUD 1 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 TAXABLE VALUE INCREMENT Trophy Club 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Northwest ISD 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Denton County 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Trophy CLUB MUD 1 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 REVENUE A TAXABLE VALUE GROWTH Trophy Club 558 1,127 1,708 2,300 2,905 3,521 4,149 4,790 5,444 6,111 6,792 7,486 8,193 8,915 9,652 10,403 11,169 11,951 12,748 13,561 14,390 15,236 16,099 16,979 17,877 18,793 19,727 20,679 21,651 22,642 23,653 24,684 365,895 Trophy Club Northwest ISD 1,624 3,280 4,969 6,692 8,449 10,242 12,071 13,936 15,838 17,778 19,757 21,776 23,835 25,936 28,078 30,263 32,492 34,766 37,085 39,450 41,863 44,323 46,833 49,394 52,005 54,669 57,386 60,157 62,984 65,867 68,808 71,808 1,064,416 Northwest ISD Denton County 318 643 975 1,313 1,657 2,009 2,368 2,734 3,107 3,487 3,876 4,272 4,675 5,087 5,508 5,936 6,373 6,819 7,274 7,738 8,212 8,694 9,187 9,689 10,201 10,724 11,257 11,800 12,355 12,920 13,497 14,085 208,790 Denton County Trophy CLUB MUD 1 149 301 456 615 776 941 1,108 1,280 1,454 1,633 1,814 2,000 2,189 2,382 2,579 2,779 2,984 3,193 3,406 3,623 3,844 4,070 4,301 4,536 4,776 5,021 5,270 5,525 5,784 6,049 6,319 6,594 97,750 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL A 525,809 2,649 5,352 8,108 10,920 13,787 16,712 19,696 22,739 25,843 29,010 32,239 35,533 38,893 42,320 45,816 49,382 53,019 56,729 60,512 64,372 68,309 72,324 76,420 80,598 84,859 89,206 93,639 98,161 102,774 107,479 112,278 117,172 1,736,851 REVENUE #1 - BLOCK A REAL PROPERTY TAX 0 0 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 BUSINESS PERSONAL PROPERTY 0 0 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 Trophy Club 0 0 30,597 61,194 62,418 63,666 64,940 66,239 67,563 68,915 70,293 71,699 73,133 74,595 76,087 77,609 79,161 80,744 82,359 84,007 85,687 87,400 89,148 90,931 92,750 94,605 96,497 98,427 100,396 102,403 104,452 106,541 2,404,457 Trophy Club Northwest ISD 0 0 89,009 178,018 181,579 185,210 188,915 192,693 196,547 200,478 204,487 208,577 212,748 217,003 221,344 225,770 230,286 234,891 239,589 244,381 249,269 254,254 259,339 264,526 269,816 275,213 280,717 286,331 292,058 297,899 303,857 309,934 6,994,741 Northwest ISD Denton County 0 0 17,460 34,919 35,617 36,330 37,056 37,798 38,553 39,325 40,111 40,913 41,732 42,566 43,417 44,286 45,172 46,075 46,996 47,936 48,895 49,873 50,870 51,888 52,926 53,984 55,064 56,165 57,288 58,434 59,603 60,795 1,372,048 Denton County Trophy CLUB MUD 1 0 0 8,174 16,348 16,675 17,009 17,349 17,696 18,050 18,411 18,779 19,155 19,538 19,928 20,327 20,734 21,148 21,571 22,003 22,443 22,892 23,349 23,816 24,293 24,779 25,274 25,780 26,295 26,821 27,358 27,905 28,463 642,360 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #1 4,220,902 0 0 145,240 290,480 296,290 302,215 308,260 314,425 320,713 327,128 333,670 340,344 347,150 354,093 361,175 368,399 375,767 383,282 390,948 398,767 406,742 414,877 423,174 431,638 440,271 449,076 458,058 467,219 476,563 486,094 495,816 505,733 11,413,606 REVENUE #2 - BLOCK B REAL PROPERTY TAX 0 0 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 BUSINESS PERSONAL PROPERTY 0 0 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 Trophy Club 0 0 127,663 191,495 255,326 260,433 265,641 270,954 276,373 281,901 287,539 293,290 299,155 305,138 311,241 317,466 323,815 330,292 336,898 343,636 350,508 357,518 364,669 371,962 379,401 386,989 394,729 402,624 410,676 418,890 427,268 435,813 9,779,304 Trophy Club Northwest ISD 0 0 371,381 557,072 742,763 757,618 772,770 788,226 803,990 820,070 836,471 853,201 870,265 887,670 905,423 923,532 942,003 960,843 980,059 999,661 1,019,654 1,040,047 1,060,848 1,082,065 1,103,706 1,125,780 1,148,296 1,171,262 1,194,687 1,218,581 1,242,952 1,267,811 28,448,707 Northwest ISD Denton County 0 0 72,848 109,272 145,696 148,610 151,582 154,614 157,706 160,860 164,077 167,359 170,706 174,120 177,603 181,155 184,778 188,473 192,243 196,088 200,009 204,010 208,090 212,252 216,497 220,827 225,243 229,748 234,343 239,030 243,810 248,687 5,580,334 Denton County Trophy CLUB MUD 1 0 0 34,106 51,159 68,211 69,576 70,967 72,387 73,834 75,311 76,817 78,353 79,921 81,519 83,149 84,812 86,509 88,239 90,004 91,804 93,640 95,512 97,423 99,371 101,359 103,386 105,453 107,563 109,714 111,908 114,146 116,429 2,612,580 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #2 17,054,735 0 0 605,998 908,997 1,211,996 1,236,236 1,260,961 1,286,180 1,311,904 1,338,142 1,364,905 1,392,203 1,420,047 1,448,448 1,477,417 1,506,965 1,537,104 1,567,846 1,599,203 1,631,187 1,663,811 1,697,087 1,731,029 1,765,650 1,800,963 1,836,982 1,873,722 1,911,196 1,949,420 1,988,408 2,028,177 2,068,740 46,420,925 30 YEAR - TOTAL REVENUE GENERATED OVERVIEW REAL PROPERTY TAX BUSINESS PERSONAL PROPERTY TAX Town Council Page 131 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 28 Financial Feasibility Analysis REVENUE #3 - BLOCK C REAL PROPERTY TAX 0 0 0 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 BUSINESS PERSONAL PROPERTY 0 0 0 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 Trophy Club 0 0 0 123,826 254,176 359,520 366,710 374,045 381,525 389,156 396,939 404,878 412,975 421,235 429,660 438,253 447,018 455,958 465,077 474,379 483,867 493,544 503,415 513,483 523,753 534,228 544,912 555,811 566,927 578,265 589,831 601,627 13,084,993 Northwest ISD 0 0 0 360,220 739,417 1,045,870 1,066,787 1,088,123 1,109,885 1,132,083 1,154,725 1,177,819 1,201,376 1,225,403 1,249,911 1,274,909 1,300,408 1,326,416 1,352,944 1,380,003 1,407,603 1,435,755 1,464,470 1,493,760 1,523,635 1,554,107 1,585,190 1,616,893 1,649,231 1,682,216 1,715,860 1,750,177 38,065,195 Denton County 0 0 0 70,659 145,040 205,152 209,255 213,440 217,709 222,063 226,504 231,034 235,655 240,368 245,175 250,079 255,080 260,182 265,386 270,693 276,107 281,629 287,262 293,007 298,867 304,845 310,942 317,160 323,504 329,974 336,573 343,305 7,466,648 Trophy CLUB MUD 1 0 0 0 33,081 67,904 96,047 97,968 99,928 101,926 103,965 106,044 108,165 110,328 112,535 114,785 117,081 119,423 121,811 124,247 126,732 129,267 131,852 134,489 137,179 139,923 142,721 145,576 148,487 151,457 154,486 157,576 160,727 3,495,708 npv @ 6% SUBTOTAL #3 21,964,143 0 0 0 587,786 1,206,536 1,706,589 1,740,720 1,775,535 1,811,046 1,847,266 1,884,212 1,921,896 1,960,334 1,999,541 2,039,531 2,080,322 2,121,928 2,164,367 2,207,654 2,251,807 2,296,844 2,342,780 2,389,636 2,437,429 2,486,177 2,535,901 2,586,619 2,638,351 2,691,118 2,744,941 2,799,840 2,855,836 62,112,544 REVENUE #4 - BLOCK D REAL PROPERTY TAX 0 0 0 0 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 BUSINESS PERSONAL PROPERTY 0 0 0 0 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 Trophy Club 0 0 0 0 13,624 20,436 27,248 27,793 28,349 28,916 29,494 30,084 30,686 31,300 31,926 32,564 33,215 33,880 34,557 35,248 35,953 36,672 37,406 38,154 38,917 39,695 40,489 41,299 42,125 42,968 43,827 44,704 951,532 Northwest ISD 0 0 0 0 39,633 59,450 79,267 80,852 82,469 84,119 85,801 87,517 89,268 91,053 92,874 94,731 96,626 98,559 100,530 102,540 104,591 106,683 108,817 110,993 113,213 115,477 117,787 120,142 122,545 124,996 127,496 130,046 2,768,075 Denton County 0 0 0 0 7,774 11,661 15,549 15,860 16,177 16,500 16,830 17,167 17,510 17,860 18,218 18,582 18,954 19,333 19,719 20,114 20,516 20,926 21,345 21,772 22,207 22,651 23,104 23,566 24,038 24,519 25,009 25,509 542,970 Trophy CLUB MUD 1 0 0 0 0 3,640 5,460 7,279 7,425 7,574 7,725 7,880 8,037 8,198 8,362 8,529 8,700 8,874 9,051 9,232 9,417 9,605 9,797 9,993 10,193 10,397 10,605 10,817 11,033 11,254 11,479 11,709 11,943 254,206 npv @ 6% SUBTOTAL #4 1,557,764 0 0 0 0 64,672 97,007 129,343 131,930 134,569 137,260 140,005 142,805 145,661 148,575 151,546 154,577 157,669 160,822 164,038 167,319 170,666 174,079 177,561 181,112 184,734 188,429 192,197 196,041 199,962 203,961 208,040 212,201 4,516,782 REVENUE #5 - BLOCK E REAL PROPERTY TAX 0 0 0 0 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 BUSINESS PERSONAL PROPERTY 0 0 0 0 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 Trophy Club 0 0 0 0 25,225 37,837 50,449 51,458 52,487 53,537 54,608 55,700 56,814 57,950 59,109 60,292 61,497 62,727 63,982 65,262 66,567 67,898 69,256 70,641 72,054 73,495 74,965 76,464 77,994 79,553 81,144 82,767 1,761,734 Northwest ISD 0 0 0 0 73,380 110,070 146,761 149,696 152,690 155,744 158,858 162,036 165,276 168,582 171,953 175,393 178,900 182,478 186,128 189,850 193,647 197,520 201,471 205,500 209,610 213,802 218,079 222,440 226,889 231,427 236,055 240,776 5,125,013 Denton County 0 0 0 0 14,394 21,591 28,788 29,363 29,951 30,550 31,161 31,784 32,420 33,068 33,729 34,404 35,092 35,794 36,510 37,240 37,985 38,744 39,519 40,310 41,116 41,938 42,777 43,633 44,505 45,395 46,303 47,229 1,005,293 Trophy CLUB MUD 1 0 0 0 0 6,739 10,108 13,478 13,747 14,022 14,303 14,589 14,880 15,178 15,482 15,791 16,107 16,429 16,758 17,093 17,435 17,784 18,139 18,502 18,872 19,250 19,635 20,027 20,428 20,836 21,253 21,678 22,112 470,654 npv @ 6% SUBTOTAL #5 2,884,157 0 0 0 0 119,738 179,606 239,475 244,265 249,150 254,133 259,216 264,400 269,688 275,082 280,583 286,195 291,919 297,757 303,713 309,787 315,983 322,302 328,748 335,323 342,030 348,870 355,848 362,965 370,224 377,628 385,181 392,885 8,362,695 REVENUE #6 - SALES SALES TAX 0 0 349,386 581,529 834,630 995,418 1,072,790 1,094,246 1,116,131 1,138,453 1,161,222 1,184,447 1,208,136 1,232,298 1,256,944 1,282,083 1,307,725 1,333,879 1,360,557 1,387,768 1,415,523 1,443,834 1,472,711 1,502,165 1,532,208 1,562,852 1,594,109 1,625,991 1,658,511 1,691,682 1,725,515 1,760,025 38,882,770 SUBTOTAL #6 14,031,666 0 0 349,386 581,529 834,630 995,418 1,072,790 1,094,246 1,116,131 1,138,453 1,161,222 1,184,447 1,208,136 1,232,298 1,256,944 1,282,083 1,307,725 1,333,879 1,360,557 1,387,768 1,415,523 1,443,834 1,472,711 1,502,165 1,532,208 1,562,852 1,594,109 1,625,991 1,658,511 1,691,682 1,725,515 1,760,025 38,882,770 REVENUE #7 - HOT HOTEL OCCUPANCY TAX 0 0 0 465,010 474,310 483,796 493,472 503,342 513,409 523,677 534,150 544,833 555,730 566,845 578,181 589,745 601,540 613,571 625,842 638,359 651,126 664,149 677,432 690,980 704,800 718,896 733,274 747,939 762,898 778,156 793,719 809,594 18,038,777 SUBTOTAL #7 6,561,745 0 0 0 465,010 474,310 483,796 493,472 503,342 513,409 523,677 534,150 544,833 555,730 566,845 578,181 589,745 601,540 613,571 625,842 638,359 651,126 664,149 677,432 690,980 704,800 718,896 733,274 747,939 762,898 778,156 793,719 809,594 18,038,777 REVENUE A, 1, 2, 3, 4, 5, 6, 7 2,649 5,352 1,108,732 2,844,722 4,221,959 5,017,581 5,264,718 5,372,661 5,482,764 5,595,069 5,709,619 5,826,461 5,945,640 6,067,202 6,191,195 6,317,668 6,446,671 6,578,254 6,712,468 6,849,367 6,989,004 7,131,433 7,276,711 7,424,895 7,576,042 7,730,212 7,887,466 8,047,864 8,211,471 8,378,350 8,548,566 8,722,187 191,484,950 Running Total 2,649 8,001 1,116,733 3,961,455 8,183,414 13,200,995 18,465,713 23,838,374 29,321,138 34,916,206 40,625,826 46,452,287 52,397,926 58,465,128 64,656,323 70,973,991 77,420,662 83,998,916 90,711,384 97,560,751 104,549,755 111,681,188 118,957,899 126,382,793 133,958,835 141,689,047 149,576,513 157,624,377 165,835,848 174,214,197 182,762,763 191,484,950 NET PRESENT VALUE @ 6%68,800,921 GROSS 191,484,950 DISTRICT BREAKDOWN 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Trophy Club $30,749,087.13 558 1,127 509,354 1,425,355 1,922,614 2,224,628 2,345,401 2,392,867 2,441,282 2,490,666 2,541,037 2,592,416 2,644,823 2,698,277 2,752,801 2,808,415 2,865,141 2,923,002 2,982,021 3,042,219 3,103,622 3,166,252 3,230,135 3,295,296 3,361,760 3,429,554 3,498,703 3,569,235 3,641,178 3,714,559 3,789,409 3,865,755 85,269,462 Northwest ISD $29,543,601.68 1,624 3,280 465,359 1,102,002 1,785,221 2,168,461 2,266,570 2,313,525 2,361,419 2,410,271 2,460,100 2,510,926 2,562,768 2,615,647 2,669,584 2,724,599 2,780,714 2,837,952 2,896,335 2,955,885 3,016,627 3,078,583 3,141,778 3,206,237 3,271,986 3,339,049 3,407,454 3,477,226 3,548,395 3,620,986 3,695,029 3,770,554 82,466,146 Denton County $5,795,102.05 318 643 91,282 216,162 350,179 425,353 444,597 453,808 463,202 472,785 482,559 492,529 502,698 513,070 523,650 534,442 545,449 556,676 568,128 579,809 591,724 603,877 616,273 628,917 641,814 654,969 668,386 682,073 696,033 710,272 724,796 739,610 16,176,082 Trophy CLUB MUD 1 $2,713,129.80 149 301 42,736 101,202 163,945 199,140 208,150 212,462 216,860 221,347 225,923 230,590 235,351 240,207 245,161 250,213 255,366 260,623 265,984 271,453 277,031 282,721 288,524 294,444 300,482 306,641 312,923 319,330 325,866 332,532 339,332 346,268 7,573,259 TOTALS 2,649 5,352 1,108,732 2,844,722 4,221,959 5,017,581 5,264,718 5,372,661 5,482,764 5,595,069 5,709,619 5,826,461 5,945,640 6,067,202 6,191,195 6,317,668 6,446,671 6,578,254 6,712,468 6,849,367 6,989,004 7,131,433 7,276,711 7,424,895 7,576,042 7,730,212 7,887,466 8,047,864 8,211,471 8,378,350 8,548,566 8,722,187 100,773,565 Town Council Page 132 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 29 Projects Cost Estimates: All project costs listed in the project plan shall be considered estimates and shall not be considered a cap on expenditures. Length of TIRZ #2 in Years: The TIRZ has a 32-year term and is scheduled to end on December 31, 2046. Powers and Duties of Board of Directors: The Board shall have all powers granted to it by Chapter 311 of the Texas Tax Code, including powers of a municipality under Chapter 380, Local Government Code. The Board shall not be authorized to: issue bonds; impose taxes or fees; exercise the power of eminent domain; or give final approval to the Zone’s project and financing plan. Financial Feasibility Analysis Town Council Page 133 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 30 Exhibit A Account Number Owner Name Owner Address Legal 1 Acres SQ FT Land Value AG Exemption Taxable Value 68347 JSB Properties LP 6211 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 19, 3.4096 Acres, Old Dcad Tr #3b 3.4096 148522.18 $594,088 0 $594,088 171495 JSB Properties LP 6212 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 21, Acres 4.3073 4.3073 187625.99 $750,504 0 $754,852 171494 JSB Properties LP 6213 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 21a, 5.612 Acres 5.612 244458.72 $977,836 0 $977,836 151108 JSB Properties LP 12222 Merit Dr Ste 120 Dallas, TX 75251-2228 A0823a C. Medlin, Tr 22, 13.055 Acres, Old Dcad Tr #4b 13.055 568675.8 $2,274,700 0 $2,274,700 171493 JSB Properties LP 6213 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 1a, Acres 2.077 2.077 90474.12 $361,896 $499,426 335139 Trophy Club Municipal 100 Municipal Drive Trophy Club, TX 76262 Municipal Utlity District No 1 Complex Blk 1 Lot 1 0.936 40772.16 $163,089 0 $0 335140 Trophy Club Municipal 100 Municipal Drive Trophy Club, TX 76262 Municipal Utlity District No 1 Complex Blk 1 Lot 2 1.287 56061.72 $224,247 0 $0 185201 Holley, Russell W Trs Of Cyrus & Shirley C Holley 1991 Irrev Trst 692 Garden Court Southlake TX, 76092-3502 The Village At Trophy Club Lot 3 1.6010101 69740 $488,180 0 $488,180 335141 Trophy Club Municipal 100 Municipal Drive Trophy Club, TX 76262 Municipal Utlity District No 1 Complex Blk 1 Lot 3 3.044 132596.64 $530,387 0 $0 Trophy Club TIRZ #2 Parcels Town Council Page 134 of 465 Meeting Date: Monday, April 21, 2014 Presentation to Town of Trophy Club Town Council Meeting | April 7, 2014 Town Council Page 135 of 465 Meeting Date: Monday, April 21, 2014 Today’s Agenda •Introduction •Audit Process •Audit Results •Financial Highlights •Standards Required to be Implemented in FY2014 •Questions Town Council Page 136 of 465 Meeting Date: Monday, April 21, 2014 Introductions Town Council Page 137 of 465 Meeting Date: Monday, April 21, 2014 Today’s Presenters Shawn Parker, CPA Partner-in-Charge John DeBurro, CPA Senior Manager, Assurance Services Town Council Page 138 of 465 Meeting Date: Monday, April 21, 2014 Engagement Team Town of Trophy Club John DeBurro, CPA Audit Senior Manager Holly Matthews Senior Audit Associate Consulting Shawn Parker, CPA Partner in Charge Audit Brittany Teare, CISA IT Advisory Services Manager Town Council Page 139 of 465 Meeting Date: Monday, April 21, 2014 Firm of Texas •Largest independent accounting firm in the Southwest o Founded in Fort Worth in1950 o Seven offices across all major Texas markets o Approximately 500 professionals and 60+ partners •Consistently ranked as a top firm nationally and regionally •Serving dozens of cities and towns throughout Texas Dallas Fort Worth Midland Odessa Houston Austin San Antonio Town Council Page 140 of 465 Meeting Date: Monday, April 21, 2014 Audit Process Audit Process Town Council Page 141 of 465 Meeting Date: Monday, April 21, 2014 Audit Process •The audit was performed in accordance with Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS). •The audit process was a risk-based approach in which we identified potential areas of risk that could lead to material misstatement of the financial statements . We tailored our audit programs and resources to address these risks. –Risk areas identified: •Revenues and related receivables (i.e. inter-local agreements) •Capital projects, purchasing, and compliance with bidding procedures •Payables, accrued liabilities and expenditures Town Council Page 142 of 465 Meeting Date: Monday, April 21, 2014 Audit Process •Audit planning and scheduling began July 2013 •Interim fieldwork and risk assessment were performed in October 2013 including: •Walkthrough of accounting controls over significant transaction cycles: A.Cash Disbursements B.P-cards C.Payroll D.Municipal Court and other cash receipts •Test of accounting controls over Cash Disbursements and Payroll •Testing of Construction-in-Progress •Testing of compliance with the Public Funds Investment Act Town Council Page 143 of 465 Meeting Date: Monday, April 21, 2014 Audit Process •We received all requested information timely and received full cooperation from management and Finance throughout the entire audit process. Town Council Page 144 of 465 Meeting Date: Monday, April 21, 2014 Communications Initial Audit Planning Interim Fieldwork October 14 – 18 Fieldwork January 20 – February 7 Town Council Presentation April 7 Engagement Timeline Discuss Development/Issues Issue Independent Auditor’s Report March 31 Town Council Page 145 of 465 Meeting Date: Monday, April 21, 2014 Auditor Results Town Council Page 146 of 465 Meeting Date: Monday, April 21, 2014 Auditor Results •We have issued the Independent Auditor’s Report on the financial statements Unmodified Opinion Format changed for the Clarified Audit Standards •We have issued the Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards No findings noted Town Council Page 147 of 465 Meeting Date: Monday, April 21, 2014 Financial Highlights Town Council Page 148 of 465 Meeting Date: Monday, April 21, 2014 Financial Highlights Comparison of Governmental Activities Net Position (Current Year and Prior Year – in millions of dollars) $54.4 $0.3 $2.9 9/30/13 Net Investment In Capital Assets Restricted Unrestricted $50.0 $1.2 $2.2 9/30/2012 Net Investment In Capital Assets Restricted Unrestricted Governmental Activities Net Position as of 9/30/13 totaled $57.6 million, a $4.2 million increase from 9/30/12: •Net investment in capital assets increased by $4.4 million. •Unrestricted net position increased by $0.7 million. Town Council Page 149 of 465 Meeting Date: Monday, April 21, 2014 Financial Highlights Comparison of Business-type Activities Net Position (Current Year and Prior Year – in thousands of dollars) Business-type Activities Net Position as of 9/30/13 totaled $283K, a $236K increase from 9/30/12 : •Net investment in capital assets increased $53K. •Unrestricted net position decreased $183K. $53.0 - $230.0 9/30/2013 Net Investment In Capital Assets Restricted Unrestricted - - $47.0 9/30/2012 Net Investment In Capital Assets Restricted Unrestricted Town Council Page 150 of 465 Meeting Date: Monday, April 21, 2014 The District’s governmental funds reported in FY 2013 a combined ending fund balance of $318.4 million as follows: •General Fund $154.1 •Debt Service 35.2 •Capital Projects 112.3 •Special Revenue 16.8 $318.4 Financial Highlights Governmental Funds’ Fund Balances As of September 30, 2013, the Town’s governmental funds reported a combined ending fund balance of $5.0 million as follows: 2013 2012 Change General Fund $2.6 $3.1 $(0.5) Debt Service 0.1 0.1 - Capital Projects 2.1 1.0 1.1 Other funds 0.2 (0.1) 0.3 $5.0 $4.1 $0.9 $2.6 $0.1 $2.1 $0.2 Fund Balance General Fund Debt Service Capital Projects Non-major Overall, the Town’s fund balance increased by $0.9 million, primarily due to a $1.1 million increase in Capital Projects fund balance, the result of bond proceeds: •Fund balance in the General Fund decreased by $504K. •The unassigned fund balance in the General Fund, however, was $2.4 million, which represents 32% of General Fund expenditures. Town Council Page 151 of 465 Meeting Date: Monday, April 21, 2014 Financial Highlights Comparison of Governmental Funds Revenues (in millions of dollars) $- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 2013 2012 Ad Valorem Taxes Sales Taxes Franchise Fees Licenses and Permits Intergovernmental Charges for Service Grants Other Governmental Funds revenue for FY 2013 totaled $10.4 million, a $0.3 million decrease from FY 2012: •Ad Valorem taxes increased $0.4 million. •Intergovernmental revenue increased $0.5 million due increased contributions from 4A & 4B EDC •Grant revenues decreased by $0.9 million due to the timing of reimbursements under the inter- local agreements with Denton County. Town Council Page 152 of 465 Meeting Date: Monday, April 21, 2014 Financial Highlights Comparison of Governmental Funds Expenditures (in millions of dollars) Governmental Funds’ FY 2013 expenditures totaled $10.9 million, a $0.4 million decrease from FY 2012: •Debt service expenditures increased $1.5 million from FY 2012. •Capital outlay decreased $1.2 million from FY 2012. •Highway & Streets expenditures decreased $0.9 million from the previous year. $- $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 2013 2012 General Government Public Safety Highway & Streets Community Development Culture & Recreation Debt Service Capital Outlay Town Council Page 153 of 465 Meeting Date: Monday, April 21, 2014 Financial Highlights Comparison of Enterprise Fund Revenues and Expenses (in millions of dollars) The Utility Fund net position increased by $236K in FY 2013: •Trophy Club Park net position increased by $19K while net position in the Town Storm Drainage fund increased by $217K. •Operating Revenues were $506K, a $181K increase over FY2012, primarily due to the Town Storm Drainage fund which increased $189K over the previous year. •Operating Expenses were $217K, a $10K decrease over FY2012. $- $0.1 $0.2 $0.3 $0.4 $0.5 $0.6 2013 2012 Operating Revenues Operating Expenses Town Council Page 154 of 465 Meeting Date: Monday, April 21, 2014 Financial Highlights General Fund Budgetary Comparison (in millions of dollars) The General Fund experienced a $293K favorable budgetary variance in FY2013: •Actual revenues of $7.8 million were $0.5 million greater than budgeted primarily due to miscellaneous revenues ($136K), charges for services ($111K) and licenses and permits revenue ($92K) being greater than budgeted. •Actual expenditures of $7.5 million were $0.2 million more than budgeted, primarily due to police and planning & zoning expenditures exceeding budget by $214K and $93K, respectively. $- $2.0 $4.0 $6.0 $8.0 $10.0 Revenues Expenditures Original Budget Amended Budget Actual Town Council Page 155 of 465 Meeting Date: Monday, April 21, 2014 New Standards For Fiscal Year 2014 Town Council Page 156 of 465 Meeting Date: Monday, April 21, 2014 New Standards Effective for the year ended June 30, 2014 •GASB 65 – Items Previously Reported as Assets and Liabilities –Objective: establishes accounting and financial reporting standards that reclassify, as deferred outflows of resources or deferred inflows of resources, certain items that were previously reported as assets and liabilities and recognizes, as outflows or inflows of resources, certain items that were previously reported as assets and liabilities. –Effect: •Gain/loss on refunding – reported as deferred outflow/inflow •Debt issuance costs – expensed in the current period, except prepaid insurance costs •Sales leaseback – gain/loss on sale of property reported as deferred inflow/outflow •In non-exchange transactions, such as a receipt of property taxes before levy period, in which the district is unable to recognize revenue under GASB 33 would be treated as deferred inflows. •Major Fund calculation will combine assets and deferred outflows and combine liabilities and deferred inflows, which could result in a change in the number of major funds presented for financial reporting purposes. Town Council Page 157 of 465 Meeting Date: Monday, April 21, 2014 Questions Town Council Page 158 of 465 Meeting Date: Monday, April 21, 2014 Contact Us Shawn Parker Engagement Partner Shawn Parker@Weaver.com 972.448.6935 John DeBurro Senior Audit Manager John.DeBurro@Weaver.com 972.448.6970 Visit our website www.weaver.com Town Council Page 159 of 465 Meeting Date: Monday, April 21, 2014 Blue Ribbon Panel Final Report Town Council Page 160 of 465 Meeting Date: Monday, April 21, 2014 Executive Summary September 3, 2013, Resolution 2013-16 was passed creating the Blue Ribbon Panel for the purpose of studying the current governmental structure within the Town of Trophy Club and providing recommendations to the Town Council. The Blue Ribbon Panel consisted of twelve (12) citizens who currently do not serve as an elected official for the Town of Trophy Club or Trophy Club Municipal Utility District No. 1. Blue Ribbon Panel Members James Como, Chair, served on Finance Subcommittee Nicole Fontayne, Vice Chair, served on Governance Subcommittee Sandra Millett, Panel Secretary Patrick Arata, served on Governance Subcommittee Ronald Bieker, served as Liaison to Trophy Club Municipal Utility District No. 1 Wesley Carlton, served on Finance Subcommittee Mitchell Christoffer, served on Governance Subcommittee Robert Duncan Ronald Eddins, served as Liaison to TC MUD1 & Governance Subcommittee Wanda Franklin, served on Finance Subcommittee Timothy Gamache, served on Governance Subcommittee Joe Henning, served on Governance Subcommittee Robert Hillman, served as Liaison to TC MUD1 Recommendations from the Governance Subcommittee 1. Consent to a possible Trophy Club Municipal Utility District No. 1 Annexation of the PID (short term) 2. Transfer the operational control of the Trophy Club Fire Department to the Town of Trophy Club 3. Continue to work toward a long term solution of consolidation with Trophy Club Municipal Utility District No. 1 to become a full service Town 4. Other various organizational recommendations outlined in the Governance Subcommittee Report Recommendations from the Finance Subcommittee 1. Addressing a merger with Trophy Club Municipal Utility District No. 1 only when necessary, i.e. only when Westlake has left Trophy Club Municipal Utility District No. 1 2. Remaining involved in the Westlake buyout process if it happens to help shape the best and prudent scenario for Trophy Club 3. Considering annexation of the PID by Trophy Club Municipal Utility District No. 1 The following pages are the detailed reports from the Governance and Finance Subcommittees. Town Council Page 161 of 465 Meeting Date: Monday, April 21, 2014 Blue Ribbon Governance Subcommittee Report to Town Council Introduction The Trophy Club Blue Ribbon Panel was empanelled by the Trophy Club Town Council to “investigate the optimal solution to the future Trophy Club Municipal Utility District No. 1 and Town government structure by: • Examining the current government structure in Trophy Club, • Researching best practices for municipal government and • Providing a recommendation to the Council regarding a local government consolidation. In order to expedite its work the Blue Ribbon Panel divided into two subcommittees Finance and Governance. The Finance Committee focused on the financial analysis of various scenarios, while the Governance Committee investigated the organization and governance questions of the government structure. This report encompasses the review and recommendations of the Governance Committee. Approach The Governance Committee outlined inputs for study to ascertain the options and recommendations to the Town Council. The elements included: • Existing document review of Town and Trophy Club Municipal Utility District No. 1 contractual documents and past reports • Observation of poor employee cooperation and coordination o Interviews and Comments – Our goal was to talk with parties who could describe and provide input on the impact of the current organizational and governance structure. In addition, to the formal interviews listed below the committee received input from Trophy Club Municipal Utility District No. 1 Board and Citizen Advisory Board members via email and comments at our meetings. Mayor Connie White addressed the full Blue Ribbon Panel; several Council members attended the Governance Committee meetings on a fairly routine basis. o Town Manager o MUD District Manager o Fire Chief o Contractor/Developer KEY ISSUES Leadership “Everything rises and falls on leadership” John Maxwell Water is the primary resource required to sustain life. As such, it has been the source of conflict throughout the ages. Wars have been fought for the right to control water. The current conflict over governance of the water utility in Trophy Club is the 21st century iteration of this age old battle. Town Council Page 162 of 465 Meeting Date: Monday, April 21, 2014 At the same time citizens expect that its governing bodies will work together for the benefit of all. The current conflict is very difficult and permeates every level of the two organizations. The organizations have different cultures and strategic visions and goals which are not easily reconciled. Therefore, our total local governance process does not function as efficiently or as effectively as it should. The conflict between the Town and Trophy Club Municipal Utility District No. 1 has been further exacerbated by the Town of Westlake’s desire to separate from Trophy Club Municipal Utility District No. 1. The three way conflict now has the attention of state legislative officials, who have convened meetings with the three jurisdictions. Legal Issues The only provision in the Local Government Code to affect the consolidation of Trophy Club Municipal Utility District No. 1 in the current configuration, i.e., Trophy Club Municipal Utility District No. 1 district boundaries crossing two separate municipal town limits; would be by means of a Strategic Partnership Agreement in which all three governmental agencies would have to agree to the terms of a proposed agreement in accordance with Section 791.026 of the Texas Government Code and Section 43.076 of the Texas Water Code. There has been no progress since the Town of Trophy Club introduced a proposed agreement in May 2013; and there appears to be no effort on any agencies part to consider this strategy. The committee recognizes that the political environment does not currently support the concept of consolidation; therefore, the potential for annexation of the PID by the Trophy Club Municipal Utility District No. 1 was explored. The Governance Subcommittee requested an opinion from Patricia Adams, Trophy Club Town Attorney regarding the following questions: • Is there any law that will prevent the annexation of the PID into the Trophy Club Municipal Utility District No. 1? • Under what circumstances can the PID be annexed into the Trophy Club Municipal Utility District No. 1? Mrs. Adams response is included below in its entirety: 49.301, Water Code – owners of all of the tracts may petition the MUD board requesting annexation. The petition requires landowners to assume any outstanding and future authorized MUD bond debt, and authorizes MUD to levy taxes on the tract. The MUD board makes findings of feasibility [and, subject to consent of City pursuant to 54.016(a) and (d)], MUD adds the land by adoption of an order. There is no MUD hearing or election required for annexation by the MUD under this section. However, the petition could request the annexation to be subject to conditions, including the future issuance of bonds to serve the annexed area. OR Town Council Page 163 of 465 Meeting Date: Monday, April 21, 2014 49.302, Water Code - owners of less than all of the land proposed to be annexed may petition the MUD board for annexation. This would require the signature of owners of a majority in value of the tract as confirmed by the tax rolls to be annexed or at least 50 owners if there are more than 50 owners of lots and parcels comprising the tract. Under this section, a public hearing is required on the petition and proposed annexation after publication of notice. If upon conclusion of the hearing, the annexation is found by the MUD board to be feasible [and, subject to consent of the Town pursuant to 54.016(a) and (d)], the MUD may adopt an order adding the land to its boundaries. The MUD board is then required to call an election within the District on the question of whether the annexed area should assume its pro rata share of the outstanding MUD tax supported debt and taxes. The MUD may also add another proposition as to whether the tract should assume it’s pro rata part of any future tax bonds and taxes previously authorized but not yet issued. If the election is successful, then the tract shall bear its pro rata share of the outstanding debt and taxes, and if the election included the additional proposition, future MUD debt and taxes. In the order calling the election, the MUD board may provide that the annexation is not final unless the election results favorably to the assumption of the MUD’s outstanding, and possibly future, bonds and taxes. AND 54.016, Water Code – Pursuant to subsection (a), no land within the corporate limits of a city shall be included within a MUD unless the city grants its consent in accordance with section 42.042, Local Government Code, and section 54.016 by resolution or ordinance. A petition to the Town is required; and it must be executed by the owners of a majority in value of the tract, or if there are more than 50 owners, at least 50 owners of lots/parcels within the tract. The contents of the petition are set out in this subsection. Pursuant to subsection (d), this same requirement and process “shall apply whether the land is proposed to be included in the district at the time of creation of a district or to be included by annexation to a district.” However, the remedies for failure or refusal of a city to grant consent provided in subparagraphs (b) and (c), do not apply where the land to be added is within the city’s corporate limits. Subparagraph provides, in part, as follows: “Under no circumstances shall land within the corporate limits of a city be included in a district without the written consent, by ordinance or resolution, of the city.” The election would be held “in the district, as enlarged by reason of the annexation of the area”. So, all voters residing within the area proposed to be annexed by the MUD are permitted to vote, as well as the voters in the district prior to the proposed annexation. A person who did not sign the petition, and who does not want to be annexed must appear at the hearing to protest the Town Council Page 164 of 465 Meeting Date: Monday, April 21, 2014 annexation. The Board has discretion not to include all of the land described in the petition if at the hearing a deletion is found “necessary or desirable” by the board. Sections 49.301, 49.302, and 54.016 do not provide authority for the proposition that an addition of land by a district under those sections effectuate a transfer of ownership of any municipal water or sewer facilities serving the added land. Additionally, a transfer of ownership of infrastructure is not legally allowed when there is outstanding bond debt for that infrastructure. Governance (PID) When the PID (Public Improvement District) was considered in 2007, an agreement with the Town, the Developer, and the Trophy Club Municipal Utility District No. 1 was necessary to secure Water and Wastewater service for PID customers. This was necessary because the designated PID area was not within the Trophy Club Municipal Utility District No. 1 approved boundary. The Town Council elected to create a PID, and seek water/wastewater services rather than expanding the Trophy Club Municipal Utility District No. 1 boundary to include what is now the PID. An agreement between the Town and the Trophy Club Municipal Utility District No. 1 was accomplished and continues today. The original agreement has worked well, but change is inevitable. Since the original agreement is now approaching completion (2018), an opportunity exists to review, revise and extend the PID agreement. With a NEW approach, there appears to be beneficial changes that can benefit the PID residents and the Trophy Club Municipal Utility District No. 1, if a new Agreement can be accomplished. The original agreement stipulated that all PID residents would pay the same water and wastewater rates as the rest of Trophy Club residents. It also agreed that the PID residents would pay the same amount as other town residents for Fire/Emergency Services. However, this fee is billed as an annual Assessment to each PID resident annually, not a tax. A tax for water and wastewater service was not appropriate due to the PID not being a part of the Trophy Club Municipal Utility District No. 1. It is important to note that taxes are deductible on federal tax returns, while assessments are not. Originally, to accomplish the request for services, the Trophy Club Municipal Utility District No. 1 required payment by the PID in the total amount of $4 million for access to water and wastewater services from the Trophy Club Municipal Utility District No. 1. The $4 million dollar Access Fee was calculated using the PID’s proportionate amount of the associated debt of the Trophy Club Municipal Utility District No. 1. This was later reduced to $3.26 million due to payments made by the developer ($540K) on behalf of the PID and a $200K credit to the Trophy Club Municipal Utility District No. 1 for participating in the increased capacity of the proposed elevated water tower that now exists near Byron Nelson High School. The remaining $3.26 million was to be paid by each property owner in the PID by way of a one-time $2,300 access fee. During the development of the PID, 10 lots were repurposed to accommodate drainage and open space requirements reducing the total number of PID lots to 1,407. The resulting Town Council Page 165 of 465 Meeting Date: Monday, April 21, 2014 amount due the MUD then became $3,236,100 (1,407 X $2,300). To date, 177 lots remain to be sold/built (12.6%). Economic Development Trophy Club has experienced incredible growth over the past few years. This growth has put a lot of pressure on both the Town and Trophy Club Municipal Utility District No. 1 as they attempt to keep up with the design and construction demands. Streamlined processes better serve the community, improve project success and ensure time and cost efficiencies. When the town receives a development project plans are submitted for the Town and Trophy Club Municipal Utility District No. 1 to review and approve. Part of this proposal includes establishing a timeline for project completion. It is the responsibility of the town to ensure that the critical path milestones are met and penalties and delays are not incurred. The project process includes specification and design submissions. One of the local developers who has been awarded Trophy Club contracts stated whereas a normal city project would be estimated at 45 days to completion, they plan a 4-6 month estimate for Trophy Club. It appears that this issue can be improved with the appropriate authority’s and flexibility given the two managers of each organization for planning and change order changes without having to take decisions back to the respective elected bodies. Project management requires considerable collaboration and cooperation between levels of review and ownership. If the review process and project execution is not properly managed and delays ensue, the project gets delayed and cost penalties are incurred. Project changes and delays can be very costly in a project. When contractor or developer has an issue with a project, they need a single contact that can give them a prompt response that will not cause a delay in the project. During design reviews, it is essential that errors and/or changes are caught and/or made at the earliest possible step in the process. The current arrangement creates significant delay as the multiple entities structure of Town and Trophy Club Municipal Utility District No. 1 require multiple meetings and approvals in order to provide the A/E with a decisive answer. The committee supports the recent addition of a single engineering firm who represents both Town and Trophy Club Municipal Utility District No. 1 and draws promptly from appropriate authorities when collaboration and consensus is required. Changes are the biggest nemesis to the design and construction process. Often times a “correction” not discovered early, turn into a significant “change” further down line in the review process. Changes are both costly and time consuming. Major changes can completely derail a project or create budget over runs that can’t be made up without additional budget approvals, also causing delays. When there is not a sole owner of a project, the risk is much higher that these impacts will occur. Communication is imperative between both organizations for any future successful capital improvement project in Trophy Club. At the same time, the economic development process is impacted by the necessity for the Town to address issues outside of its control, but necessary to insure success. These issues Town Council Page 166 of 465 Meeting Date: Monday, April 21, 2014 include: a very vibrant political climate in Trophy Club and wide variations in the quality of developer submissions. Organization The Governance Subcommittee finds the dual reporting relationship of the Fire Chief, reporting to the Town and Manager and District Manager ineffective. There are two administrative chains of command. The Fire fighters are in the Trophy Club Municipal Utility District No. 1 organization and the EMS staff is in the Town. In addition, Fire Marshall duties that are currently the responsibility of the Fire Chief, are appointed by and directed by the Town Manager has posed an operational conflict when reviewing development plans as the Fire Marshall, but answering to the Trophy Club Municipal Utility District No. 1 for fire operations. This also requires the Fire Chief to prepare and submit two budget submissions in addition to other duplicative administrative tasks. He indicates that approximately 90% of his time is consumed in administrative tasks. The Town is ultimately responsible for public safety. The dual reporting relationship only works due to Fire Chief Danny Thomas’ extensive skill and experience. Other redundancies and efficiencies exist due to the current Trophy Club Municipal Utility District No. 1/Town structure, which are acknowledged by both organizations. These include Human Resources, Finance, Tax Assessment and others. Trophy Club Municipal Utility District No. 1 Board members assert that this is due to unsatisfactory performance on the part of the Town. RECOMMENDATIONS The following recommendations are respectfully submitted for Town Council’s consideration: 1. Consent to a possible Trophy Club Municipal Utility District No. 1 Annexation of the PID (Short Term). 2. Transfer the operational control of the Trophy Club Fire Department to the Town. 3. Continue to work toward a long term solution of consolidation with Trophy Club Municipal Utility District No. 1 to become a full service Town. 4. Other various organizational recommendations outlined in this report. Leadership The Governance Committee believes it is essential for the leaders of the Town of Trophy Club and the Municipal Utility District to dramatically improve the communication, culture and issues related to the current conflict. • The Town of Trophy Club Council and The Trophy Club Municipal Utility District No. 1 Board should set a tone of cooperation and collaboration by: o Focusing on what is best for the citizens as a whole, o Establishing common goals and performance metrics for the Town and the Trophy Club Municipal Utility District No. 1 relating to collaboration, o Keeping a keen focus on opportunities to unify the town rather than create divisiveness, Town Council Page 167 of 465 Meeting Date: Monday, April 21, 2014 o Develop a process to determine when to use alternative dispute resolution services, such as a mediator or umpire when an impasse occurs, o Actively engaging in alternative dispute resolution services when the process is activated. Governance and Organization An important organizational change of note in this recommendation is that the Fire Department should come under a single administrative chain of command, the Town. Create a full service town with the utilities provided by one provider, the Town of Trophy Club. All related changes should be in effect, where possible, by or before the start of the fiscal year beginning October 1, 2014. Upon completion of these recommended changes it is intended that all Trophy Club Residents will be treated equally regarding Water, Wastewater, and Fire/Emergency Services rate provided by the Trophy Club Municipal Utility District No. 1. Economic Development It is the opinion of this committee that one of two things must take place for effective economic development as it relates to project management; 1) establish a single point of contact that has the knowledge and authority to give the appropriate answers to project questions, or 2) establish an effective management structure that allows for quick decision making at the lowest possible level. When there is dual ownership of a project and one or the other has to go to a higher level; i.e. Trophy Club Municipal Utility District No. 1 Board or Town Council, for approval, the A/E or construction process/s are delayed and incurs major cost impacts. The Trophy Club Municipal Utility District No. 1 and the Town of Trophy Club must come together to make decisions that impact development. Single ownership of projects is recommended and players of each discipline involved must recognize and respond to the need for on-time readiness for design review and appropriate approvals. Architects, engineers, construction companies, and residents should be able to trust Town and Trophy Club Municipal Utility District No. 1 authorities to be prompt and effective in their decision making so that financial hardships are not incurred. To do that, single ownership and management is recommended to ensure that a streamlined process is implemented and maintained. The Blue Ribbon Governance Subcommittee was honored to be given the task of exploring and recommending to Town Council the governance structure of a future Trophy Club local government. Our current situation is admittedly very complicated and we compliment both organizations for making our town as efficient and productive that it is despite the organizational shortcomings. It is our hope and desire that both elected bodies (Town Council and Trophy Club Municipal Utility District No. 1) will consider our recommendations moving our community forward to an even greater, more efficient local government in the future. Town Council Page 168 of 465 Meeting Date: Monday, April 21, 2014 Blue Ribbon Finance Subcommittee Report to Town Council The Trophy Club Blue Ribbon Panel Finance subcommittee (Finance subcommittee) held a series of meetings with the Trophy Club Municipal Utility District No. 1 Community Advisory Committee (CAC), town staff, and citizens to discuss the potential financial ramifications of abolishing the MUD due to the exit of the Town of Westlake from Trophy Club Municipal Utility District No. 1. The finance subcommittee would like to thank the CAC for their work developing a long term model illustrating potential disadvantages of continuing operations without Westlake. The Finance subcommittee leveraged long term forecasting models developed by the CAC and cost saving scenarios based on the current possibility of salary and non salary expense, the prorated economic benefit from a cash payout derived from Westlake’s offer to Trophy Club Municipal Utility District No. 1, and in a more aggressive model suggesting a fiscally conservative expense model based on duplicative staffing. Scenario One • Assumes net Solana/Westlake benefits from CAC projections • Assumes $65,000 salary expense savings and associated affects of Cost of Living Allowance (COLA) and medical expense compounded annually at a rate of ten percent • Assumes $45,000 of non salary expense savings due to duplicative cost • Prorates cash on hand with three percent Treasury yield for Westlake buyout • Does not assume salary switching cost on debt (Defeased cost) • Does not assume severance expense Scenario One Yearly Estimate 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 Net Solana Revenue (Benefit to MUD 1)568,666.40$ 838,978.30$ 1,067,699.44$ 1,105,542.10$ 1,143,565.49$ 1,171,951.72$ 1,208,399.93$ 1,246,666.37$ 1,286,884.24$ 1,115,104.91$ 1,159,618.15$ 1,206,517.86$ 1,256,200.24$ Labor save and COLA (65,000.00)$ (71,500.00)$ (78,650.00)$ (86,515.00)$ (95,166.50)$ (104,683.15)$ (115,151.47)$ (126,666.61)$ (139,333.27)$ (153,266.60)$ (168,593.26)$ (185,452.59)$ (203,997.84)$ Total non salary save (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ Westlake Payout with growth (50,000.00)$ (51,500.00)$ (53,045.00)$ (54,636.35)$ (56,275.44)$ (57,963.70)$ (59,702.61)$ (61,493.69)$ (63,338.50)$ (65,238.66)$ (67,195.82)$ (69,211.69)$ (71,288.04)$ Net Lost Opportunity 374,057.80$ 282,695.38$ 259,612.06$ 379,547.20$ 438,689.03$ 433,289.67$ 435,934.89$ 442,557.75$ 442,603.00$ 445,006.81$ 446,339.06$ 446,434.20$ 334,718.80$ 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 1,308,851.21$ 1,364,669.54$ 1,423,867.75$ 1,486,673.06$ 1,509,789.93$ 1,579,099.31$ 1,652,767.17$ (224,397.63)$ (246,837.39)$ (271,521.13)$ (298,673.24)$ (328,540.57)$ (361,394.63)$ (397,534.09)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (73,426.69)$ (75,629.49)$ (77,898.37)$ (80,235.32)$ (82,642.38)$ (85,121.65)$ (87,675.30)$ 331,732.74$ 326,863.95$ 319,960.77$ 310,724.14$ 298,818.55$ 283,867.93$ 265,451.09$ Town Council Page 169 of 465 Meeting Date: Monday, April 21, 2014 Scenario Two • Assumes net Solana/Westlake benefits from CAC projection • Assumes fiscally conservative $250,000 salary expense savings and associated affects of Cost of Living Allowance (COLA) and medical expense compounded annually at a rate of ten percent • Assumes $45,000 of non salary expense savings due to duplicative cost • Prorates cash on hand with three percent Treasury yield for Westlake buyout • Does not assume salary switching cost on debt (Defeased cost) • Does not assume severance expense Sceanrio Two Yearly Estimate 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 Net Solana Revenue (Benefit to MUD 1)568,666.40$ 838,978.30$ 1,067,699.44$ 1,105,542.10$ 1,143,565.49$ 1,171,951.72$ 1,208,399.93$ 1,246,666.37$ 1,286,884.24$ 1,115,104.91$ 1,159,618.15$ 1,206,517.86$ 1,256,200.24$ Labor save and COLA (250,000.00)$ (275,000.00)$ (302,500.00)$ (332,750.00)$ (366,025.00)$ (402,627.50)$ (442,890.25)$ (487,179.28)$ (535,897.20)$ (589,486.92)$ (648,435.62)$ (713,279.18)$ (784,607.09)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ Westlake Payout with growth (50,000.00)$ (51,500.00)$ (53,045.00)$ (54,636.35)$ (56,275.44)$ (57,963.70)$ (59,702.61)$ (61,493.69)$ (63,338.50)$ (65,238.66)$ (67,195.82)$ (69,211.69)$ (71,288.04)$ Net Lost Opportunity 274,057.80$ 172,695.38$ 138,612.06$ 246,447.20$ 292,279.03$ 272,238.67$ 258,778.79$ 247,686.04$ 228,244.12$ 209,212.04$ 186,964.82$ 161,122.53$ 20,875.96$ 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 1,308,851.21$ 1,364,669.54$ 1,423,867.75$ 1,486,673.06$ 1,509,789.93$ 1,579,099.31$ 1,652,767.17$ (863,067.80)$ (949,374.58)$ (1,044,312.04)$ (1,148,743.25)$ (1,263,617.57)$ (1,389,979.33)$ (1,528,977.26)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (45,000.00)$ (73,426.69)$ (75,629.49)$ (77,898.37)$ (80,235.32)$ (82,642.38)$ (85,121.65)$ (87,675.30)$ (13,494.38)$ (52,885.88)$ (97,764.05)$ (148,773.16)$ (206,628.47)$ (272,123.80)$ (346,139.82)$ Town Council Page 170 of 465 Meeting Date: Monday, April 21, 2014 Observations and Recommendations Both models (Scenario One and Scenario Two) paint a challenging picture for Trophy Club when faced with absorbing the net lost revenue of Solana/Westlake. This fiscal challenge to Trophy Club could be further exacerbated if the abolishment of the Trophy Club Municipal Utility District No. 1 incurs significant expense for defeasing debt and/or existing personnel contracts include material severance expense. Conversely, these challenges could be reduced if the size of the Solana/Westlake buyout were materially increased and/or if other town revenues increased to buttress the shortfalls. The Finance subcommittee believes that even the loftiest annual expense reductions won’t buttress a negative financial impact to Trophy Club. For example, with the variables as is, Scenario One never turns positive fiscally for Trophy Club over the 20 year projection. Scenario Two doesn’t turn positive until 2027. Both models suggest that the buyout and exit strategy negotiated between Solana/Westlake and Trophy Club Municipal Utility District No. 1 would need to be materially increased to eliminate a financial burden to Trophy Club. These points lead the Finance subcommittee to assert that the most positive assessment of fiscal variables that the town can manage in absence of Westlake has a high degree of risk. It is this risk that drives the Finance Subcommittee’s conclusion that the town of Trophy Club should only push for consolidation after and if Westlake severs ties with Trophy Club Municipal Utility District No. 1. Moreover, Solana/Westlake’s buyout needs to fully compensate Trophy Club Municipal Utility District No. 1. The Finance subcommittee has not endeavored to forecast what the appropriate level of compensation is for a Westlake buyout. We feel this analysis while strategically important is outside of our remit and should be undertaken with full transparency by Trophy Club Municipal Utility District No. 1. Regarding the matter of PID annexation by Trophy Club Municipal Utility District No. 1; the Finance subcommittee endorses this option as long as PID residents aren’t penalized financially. Legacy debt charges shouldn’t be passed to PID residents. If Trophy Club Municipal Utility District No. 1 can ensure financial separation of legacy debt to the PID, a strong case can be made for this annexation minimally to allow these residents voter representation. RECOMMENDATIONS • Addressing a merger with the MUD only when necessary, i.e. only when Westlake has left Trophy Club Municipal Utility District No. 1. • Remaining involved in the Westlake buyout process if it happens to help shape the best and prudent scenario for Trophy Club. • Considering annexation of the PID by Trophy Club Municipal Utility District No. 1. Town Council Page 171 of 465 Meeting Date: Monday, April 21, 2014 In closing, the Blue Ribbon Panel thanks the Council for the opportunity to serve our town, the foresight to invite citizenry into this process, and consideration of our recommendations. The Blue Ribbon Panel has taken this task on with the best of intentions for the Trophy Club community and its citizens. We look forward to seeing our town continue to grow and prosper in the most efficient manner possible. Respectfully submitted, James Como, Chair Nicole Fontayne, Vice Chair Town Council Page 172 of 465 Meeting Date: Monday, April 21, 2014 Dino Playground Trophy Club, TX Town Council Page 173 of 465 Meeting Date: Monday, April 21, 2014 Original Site Town Council Page 174 of 465 Meeting Date: Monday, April 21, 2014 Alternative Site – Option A Freedom Dog Park Town Council Page 175 of 465 Meeting Date: Monday, April 21, 2014 Alternative Site – Option A Freedom Dog Park Town Council Page 176 of 465 Meeting Date: Monday, April 21, 2014 Freedom Dog Park Town Council Page 177 of 465 Meeting Date: Monday, April 21, 2014 Freedom Dog Park Town Council Page 178 of 465 Meeting Date: Monday, April 21, 2014 Option A “Cons” Concerns the location is too close to the parking lot Concerns the joint use of the parking lot could create negative interactions between dogs and children Some children could have a general fear of dogs Currently there are no bathrooms on-site Town Council Page 179 of 465 Meeting Date: Monday, April 21, 2014 Option A “Pros” Location has good connectivity to the Highlands The site was originally designed to have more than one facility and it included a dog park; locating it here would create a synergy between the facilities Staff contacted a number of parks where there were shared facilities between a dog park and playground and could not find one instance of a harmful encounter between a dog and child. Our park also has never recorded a child related incident. The Town already has a full set of plans for a bathroom on this site Porta -potties could be brought in for play ground use Town Council Page 180 of 465 Meeting Date: Monday, April 21, 2014 Alternative Site – Option B Harmony Park Town Council Page 181 of 465 Meeting Date: Monday, April 21, 2014 Harmony Park Town Council Page 182 of 465 Meeting Date: Monday, April 21, 2014 Harmony Park Town Council Page 183 of 465 Meeting Date: Monday, April 21, 2014 Option B “Cons” This site does not service the Highlands The playground color scheme looks out of place and the proximity of both playgrounds and shade structures will look strange and present some redundancies in like use. NEOS system must be relocated Town Council Page 184 of 465 Meeting Date: Monday, April 21, 2014 Option B “Pros” The existing adjacent playground structure will become obsolete and need to be replaced in the next 6-10 years There are existing bathrooms The NEOS will see more use if located at Indy East Town Council Page 185 of 465 Meeting Date: Monday, April 21, 2014 Alternative Site – Option C Independence East Town Council Page 186 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 187 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 188 of 465 Meeting Date: Monday, April 21, 2014 Option C “Cons” •The playground location restricted to a less than ideal location: –soccer utilizes the large open area for practice – other areas have drainage issues –the playground and shade structure would impede and present safety issues for the Fourth of July Celebration •Baseball, consisting of both non-residents and residents would more than likely dominate the facility on game weekends during Fall and Spring season play •Proximity to homes Town Council Page 189 of 465 Meeting Date: Monday, April 21, 2014 Option C “Pros” •The NEOS would see more activity here •This location has access by the Highlands •This location has bathrooms Town Council Page 190 of 465 Meeting Date: Monday, April 21, 2014 Relocated NEOS Independence East Town Council Page 191 of 465 Meeting Date: Monday, April 21, 2014 Dino Playground Trophy Club, TX Next Steps •Address comments following Council meeting •Incorporate comments into final design •Complete construction documents Town Council Page 192 of 465 Meeting Date: Monday, April 21, 2014 Additional Comments •Staff recently reached out to the TC Families organization as a focus group and invited them to respond to staff with their choices for the dinosaur playground. Currently it is about 10 to 1 in favor of the Freedom Park Location with Harmony coming in second. •Staff also contacted the following cities who had off-leash dog parks and playgrounds and shared parking facilities. There was not one recorded incident between dogs and children at these facilities. One city even stated that shared facilities with dog parks would be the model going forward –Euless, Texas –San Marcos, Texas –Austin , Texas –Jacksonville, Florida –Alexandria, Virginia Town Council Page 193 of 465 Meeting Date: Monday, April 21, 2014 Costs and Funding •The Park Board unanimously agreed that remaining Park Bond funds should be utilized in designing and creating a playground location for alternate sites. •There is approximately $70,000 of unallocated funds available in the Park Bond •The costs estimates on the following slide do not include the $40,000 in work and materials to be donated by the developer nor does it take into account staff performing a large portion of the work Town Council Page 194 of 465 Meeting Date: Monday, April 21, 2014 Cost Estimates Town Council Page 195 of 465 Meeting Date: Monday, April 21, 2014 Cost Estimates Town Council Page 196 of 465 Meeting Date: Monday, April 21, 2014 Cost Estimates Town Council Page 197 of 465 Meeting Date: Monday, April 21, 2014 Dino Playground Trophy Club, TX Town Council Page 198 of 465 Meeting Date: Monday, April 21, 2014 Dino Playground Trophy Club, TX Town Council Page 199 of 465 Meeting Date: Monday, April 21, 2014 Town Council Future Agenda Items List (reflects changes made during 4/7/2014 Town Council Meeting) 1. Consider and take appropriate action regarding procurement policies and their alignment with State statutes. (Rose 2/1/10) REMOVED 4/7/2014 2. Consider and take appropriate action regarding noise regulations for Oil and Gas Well Drilling and Production (Rose 4/26/10) REMOVED 4/7/2014 3. Consider and take appropriate action regarding the creation of a “Going Green” initiative throughout the Town. (White 2/24/2011) 4. Consider and take appropriate action regarding Food Prep Carts for sporting events and special events and to review/update Park Policies (Cantrell 5/7/2012) REMOVED 4/7/2014 5. Review of #10 of Chapter 8 “Nuisances”, Article I “Noise Nuisances”, Section 1.01 “Nuisances Defined” (Schroeder 6/21/2012) REMOVED 4/7/2014 6. Consider and take appropriate action regarding the creation of a Youth Council within Trophy Club (White and Schroeder 8/20/2012) REMOVED 4/7/2014 7. Consider and take appropriate action regarding reviewing the Ethics Ordinance (White 1/21/2013) REMOVED 4/7/2014 8. Residential Property Renewal for tax incentives and grants for the recovery and renewal of existing residential properties (Mayer 4/22/13) 9. Ordinance update regarding home occupation and number criteria for single family residential. (Lamont 7/15) 10. Discussion regarding animal shelter long and short term facility. (11/18/2013) 11. Consider and take appropriate action regarding moving council meetings to another day possibly Thursday. (Mayer 4/7/2014) Town Council Page 200 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1110-T Name: Status:Type:Agenda Item Consent Agenda File created:In control:4/15/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding the Minutes dated April 15, 2014. Attachments:TC Minutes - Special Joint Session with TC MUD No 1 April 15, 2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the Minutes dated April 15, 2014. Town Council Page 201 of 465 Meeting Date: Monday, April 21, 2014 MINUTES FROM SPECIAL SESSION JOINT MEETING TOWN OF TROPHY CLUB AND TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 BOARD OF DIRECTORS FOR THE TOWN OF TROPHY CLUB LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS Tuesday, April 15, 2014 at 6:00 P.M. Svore Municipal Building Boardroom The Town Council of the Town of Trophy Club, Texas, and the Board of Directors of Trophy Club Municipal Utility District No. 1, of Denton & Tarrant Counties met in a Special Joint Session on Tuesday, April 15, 2014. The meeting was held within the boundaries of the Town and was open to the public. STATE OF TEXAS § COUNTY OF DENTON § COUNTY OF TARRANT § TOWN COUNCIL MEMBERS PRESENT: Connie White Mayor Jeannette Tiffany Mayor Pro Tem, Place 2 Philip Shoffner Council Member, Place 6 Greg Lamont Council Member, Place 5 Bill Rose Council Member, Place 1 TOWN COUNCIL MEMBERS ABSENT: Danny Mayer Council Member, Place 4 STAFF AND GUEST(S) PRESENT: Mike Slye Town Manager Patricia Adams Town Attorney Tammy Ard Town Secretary Robin Melvin Legal Counsel TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 BOARD MEMBERS PRESENT: Jim Moss President Bill Armstrong Vice President Kevin Carr Secretary/Treasurer Nick Sanders Director TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 BOARD MEMBERS ABSENT: Jim Thomas Director TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 STAFF PRESENT: Jennifer McKnight District Manager Laurie Slaght District Secretary Tony Corbett District Legal Counsel Mayor White announced the date of Tuesday, April 15, 2014 called the Town Council to order and announced a quorum at 6:10 p.m. CONVENE INTO JOINT SESSION - START TIME – 6:10 P.M. The Invocation was offered by Mayor Pro Tem Tiffany. Town Council Page 202 of 465 Meeting Date: Monday, April 21, 2014 The Pledges were led by Town Manager Slye. 1. Consider and take appropriate action regarding a potential Interlocal Agreement with the Trophy Club Municipal Utility District (MUD) No. 1 to provide for water and wastewater services to customers within the Town of Trophy Club Public Improvement District Director Nick Sanders presented the attached Amended and Restated Contract for Wholesale Water Supply and Wastewater Treatment Services and Water and Wastewater Operational Services and assisted in facilitating the discussion for the terms of the agreement while going through the contract. TROPHY CLUB MUD NO 1 CONVENED INTO EXECUTIVE SESSION - START TIME – 8:30 P.M. TROPHY CLUB MUD NO 1 RECONVENED INTO JOINT SESSION - START TIME – 8:44 P.M. TOWN COUNCIL AND TROPHY CLUB MUD NO 1 RECESSED TO GIVE LEGAL TIME TO MAKE ADJUSTMENTS TO THE CONTRACT - START TIME – 8:45 P.M. TOWN COUNCIL AND TROPHY CLUB MUD NO 1 RECONVENED INTO JOINT SESSION - START TIME – 9:10 P.M. Motion made by Council Member Rose, seconded by Council Member Shoffner, to approve the Amended and Restated Contract for Wholesale Water Supply and Wastewater Treatment Services and Water and Wastewater Operational Services. Motion passed unanimously. ADJOURN Motion made by Council Member Rose, seconded by Council Member Shoffner, to adjourn. Motion carried unanimously. Meeting adjourned at 9:44 p.m. ___________________________________ ___________________________________ Tammy Ard, Town Secretary Connie White, Mayor Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 203 of 465 Meeting Date: Monday, April 21, 2014 AMENDED AND RESTATED CONTRACT FOR WHOLESALE WATER SUPPLY AND WASTEWATER TREATMENT SERVICES AND WATER AND WASTEWATER OPERATIONAL SERVICES This Amended and Restated Contract for Wholesale Water Supply and Wastewater Treatment Services and Water and Wastewater Operations Services (“Contract”) is entered into as of ___________ , 2014 (the “Effective Date”) between THE TOWN OF TROPHY CLUB, TEXAS, a home rule municipality located in Denton and Tarrant Counties (hereinafter “Town”) and TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1, a conservation and reclamation District of the State of Texas in Denton and Tarrant Counties created and operating pursuant to Chapters 49 and 54 of the Texas Water Code (hereinafter “MUD”). Recitals WHEREAS, MUD currently supplies retail water and wastewater services to those customers located within the corporate boundaries of MUD; and WHEREAS, Town currently provides water and wastewater services to a certain portion of property located within the territorial boundaries of Town which property is not located within the boundaries of MUD nor is provided retail water or wastewater services therefrom, hereinafter referred to as the “Property” and more fully described in Exhibit “A”; and WHEREAS, Town and MUD previously entered into the following contracts providing for the provision of wholesale water and wastewater services, and contract operation services, by MUD to Town: (i) “Contract for Water Supply and Wastewater Treatment” dated November 20, 2007, as amended by that certain “First Modification of Contract for Water Supply and Wastewater Treatment” dated July 7, 2008 (hereafter, the “2007 Wholesale Contract”); and (ii) “Contract for Water and Wastewater Operational Services” dated November 12, 2007 as subsequently amended on July 7, 2008 and November 19, 2013 (hereafter, the “2007 Operations Contract”); WHEREAS, Town and MUD desire to amend and restate the 2007 Wholesale Contract and to terminate the 2007 Operations Contract; WHEREAS, the Interlocal Cooperation Act, Texas Government Code, Chapter 791, et seq., as amended (the “Act”) provides authority for governmental entities of the State of Texas to enter into interlocal contracts with each other regarding governmental functions and services as set forth in the Act; and WHEREAS, the provision of wholesale water and wastewater services by MUD to Town, and the provision of operational services by MUD to Town, are Town Council Page 204 of 465 Meeting Date: Monday, April 21, 2014 valid governmental functions necessary for the public health, safety and welfare for which an interlocal contract is allowed pursuant to the Act; and WHEREAS, each Party hereto paying for the performance of governmental functions or services shall make such payments from current revenues legally available to the paying Party and each Party hereby finds and agrees that it is fairly compensated for the services or functions performed under the terms of this Contract. NOW, THEREFORE, Town and MUD, for and in consideration of the recitals set forth above and terms and conditions below, agree as follows: ARTICLE I. INCORPORATION / DEFINITIONS / EXHIBITS 1.1 Incorporation of Recitals. The foregoing recitals are agreed upon and incorporated herein as a part of this Contract. 1.2 Definitions. Unless the content indicates others, the following words used in this Contract shall have the following meanings: 2007 Operations Contract means that certain “Contract for Water and Wastewater Operational Services” dated November 12, 2007 entered into by MUD and Town, as subsequently amended on July 7, 2008 and November 19, 2013. 2007 Wholesale Contract means that certain “Contract for Water Supply and Wastewater Treatment” dated November 20, 2007”, as amended by that certain “First Modification of Contract for Water Supply and Wastewater Treatment” dated July 7, 2008 entered into by Town and MUD, as amended. Annual Capital Improvements and Maintenance Charge has the meaning set out in Section 7.2. Annual Debt Service Requirement has the meaning set out in Section 7.2. Certified Assessed Valuation means the most current certified assessed valuation from the County Tax-Assessor collector as of August 1 of a calendar year. Commission or TCEQ means the Texas Commission on Environmental Quality and any successor or successors exercising any of its duties and functions. Emergency means a sudden unexpected happening; an unforeseen occurrence or condition; exigency; pressing necessity; or a relatively permanent Town Council Page 205 of 465 Meeting Date: Monday, April 21, 2014 condition or insufficiency of service or of facilities resulting from causes outside of the reasonable control of MUD. The term includes Force Majeure and acts of third parties that cause the MUD Water System or MUD Wastewater System to be unable to provide the Wholesale Water Services or Wholesale Wastewater services agreed to be provided herein. EPA means the Environmental Protection Agency and any successor or successors exercising any of its duties and functions. Fort Worth Impact Fee means the charge imposed by Fort Worth pursuant to Chapter 395 of the Local Government Code under the Fort Worth Water Contract. Fort Worth Water Contract means the Contract for Water Service Between the City of Fort Worth, Texas, and Trophy Club Municipal Utility MUD No. 1, dated November 16, 2010, as amended. Infiltration and Inflow means water that enters a wastewater collection system through physical defects in the system or from other point sources. MUD means Trophy Club Municipal Utility District No. 1. MUD Wastewater System means the wastewater collection lines, lift stations, pipes, valves, meters, pumps, motors, treatment plant, effluent discharge lines, and other facilities, equipment and appurtenances thereto owned or controlled by the MUD, and any expansions, improvements, enlargements, additions and replacements thereto. MUD Water System means the water supply, treatment, storage, transmission, pumping and distribution system of the MUD and appurtenances thereto, and any expansions, improvements, enlargements, additions and replacements thereto. Operations Services has the meaning set out in Section 5.2. Parties or Party shall mean either one or more of MUD or Town or both, as the context provides. Permit means Permit No. WQ0011593-001 held by MUD authorizing the treatment and disposal of treated wastewater effluent. Person(s) means an individual, corporation, partnership, association, joint venture or any other third party legal entity. Points of Connection of Wastewater means that point or points where Town Wastewater Collection System connects to MUD’s Wastewater System. Town Council Page 206 of 465 Meeting Date: Monday, April 21, 2014 Points of Connection of Water means that point or points where Town Water System connects to MUD’s Water System. Property means the approximately 609-acre tract of land located within the corporate boundaries of Town shown in the attached Exhibit “A”. Retail Customer Charge has the meaning set forth in Section 7.1. Town means the Town of Trophy Club, Texas, a home-rule municipality located in Denton and Tarrant Counties, Texas, and all land included within the territorial limits and extraterritorial jurisdiction of Town, at Town’s creation and thereafter annexed from time to time. Town Customers means any Person(s) residing within the Property and who have the right to receive, who contract to receive or otherwise are receiving Water and/or Wastewater Services from Town Water Distribution System and/or Town Wastewater Collection System. Town Rate Order means an order adopted by Town setting out the rates and fees for retail water and wastewater services for Town Customers, including without limitation administrative fees, customer deposits, usage rates, late charges, returned check fees, disconnect fees, meter re-read fees, and after- hours service fees, and any Town Surcharge. Town Surcharge has the meaning set forth in Section 7.1(d). Town Wastewater Collection System means the Wastewater system constructed and owned by Town for the collection of Wastewater received from Town Customers, ending at the Points of Connection of Wastewater. Town Water Distribution System means the water distribution system constructed and owned by Town for the distribution of potable water received from MUD to Town Customers, beginning at the Points of Connection of Water, including any elevated storage tanks and pumping facilities. The Town Water Distribution System shall not include any Wells. Utility Fee has the meaning set out in Section 7.4. Utility Fee Remainder has the meaning set out in Section 7.4. Wastewater means the water-carried wastes, exclusive of ground, surface, and storm waters, normally discharged from the sanitary conveniences of dwellings, including apartment houses, hotels, offices buildings and institutions, of a domestic, not industrial, nature, and that meets the requirements of this Contract. Town Council Page 207 of 465 Meeting Date: Monday, April 21, 2014 Water or Water Supply means potable water that meets federal and state standards for consumption by humans. Wells means any and all potable water wells that may be constructed within the Property or for the benefit of the Property by Town or its designee. Wholesale Wastewater Services means the wholesale wastewater treatment and disposal services provided by MUD in accordance with the terms and conditions of this Contract in receiving, treating, testing, and disposing of Wastewater from Town Wastewater Collection System in accordance with this Contract. Wholesale Water Services means the wholesale services provided by MUD in furnishing a wholesale supply of Water to Town at the Points of Connection of Water. 1.3 Exhibits. The following Exhibits attached to this Contract are hereby made a part of the Contract as though fully incorporated herein: Exhibit “A” - The Property Exhibit “B” - Points of Connection of Water and Wastewater ARTICLE II. EFFECT ON PRIOR CONTRACTS 2.1 2007 Operations Contract. As of the Effective Date, the 2007 Operations Contract shall terminate for all purposes; provided, however, the terms and conditions set forth therein relating to payment by Town to MUD for services shall remain in effect until such time as MUD commences collection of the Retail Customer Charge under this Contract. 2.2 2007 Wholesale Contract. As of the Effective Date, the 2007 Wholesale Contract shall be amended and restated by this Contract. 2.3 Prior Revenues. MUD shall be entitled to collect and retain all revenues for any and all water and wastewater services rendered to Town Customers prior to the Effective Date pursuant to the 2007 Operations Contract and 2007 Wholesale Contract, including any such revenues received after the Effective Date. The Parties agree that it is their mutual intent that the MUD shall continue to receive all payments under the 2007 Operations Contract and 2007 Wholesale Contract until such time as any payments under this Contract can be collected in lieu thereof. Town Council Page 208 of 465 Meeting Date: Monday, April 21, 2014 ARTICLE III. WHOLESALE WATER SERVICES 3.1 Points of Connection of Water. MUD shall deliver a wholesale supply of Water to Town Water Distribution System at the existing Points of Connection of Water. Any additional Points of Connection of Water must be at locations mutually agreed upon in writing by the Parties. 3.2 Quantity of Wholesale Water Services. Subject to the terms of this Contract, MUD agrees to purchase and transport to Town a supply of W ater: (i) in a quantity that meets all regulatory requirements for public water systems applicable to the provision of retail water service by Town to Town Customers located within the Property; and (ii) to be made available according to the same terms, conditions and limitations that MUD furnishes a supply of Water to its retail customers. MUD agrees that, for purposes of compliance with 30 Texas Administrative Code Sec. 290.45(f), the maximum authorized daily purchase rate shall be not less than 0.6 gallons per minute, and the maximum hourly purchase rate plus actual service pump capacity shall be at least 2.0 gpm per connection or provide at least 1,000 gpm and be able to meet peak hourly demands, whichever is less. 3.3 Resale Prohibited. Town shall not provide or sell Water received under this Contract to any person entity, private or public, other than Town’s retail customers located within the Property, without MUD’s prior written consent. The Parties agree that as of the Effective Date, MUD has not provided any such consent and Town does not provide retail water or wastewater service to any customers located outside the Property. 3.4 Sole Provider. MUD will be the sole source of Wholesale Water Services to Town for the Property unless MUD consents in writing to Town’s conversion to another wholesale provider. Under the terms and conditions set forth herein, MUD shall be entitled to provide Wholesale Water Services to Town for the Property from any source available to MUD. 3.5 Title to Water. Title to the water purchased by MUD and transported to Town under this Contract shall remain with MUD at all times until it reaches the Points of Connection of Water. At the Points of Connection of Water, title to the Water shall pass to the Town. 3.6 Conservation and Drought Planning. Town will adopt a water conservation plan and a drought contingency plan in compliance with TCEQ rules, 30 Texas Administrative Code, Chapter 288, with provisions at least as stringent as the provisions of the existing MUD Water Conservation and Drought Contingency Plan. MUD shall provide Town with any amended or revised MUD Water Conservation and Drought Contingency Plan upon adoption, and Town will adopt a water conservation plan and a drought contingency plan in compliance with TCEQ rules, 30 Texas Administrative Code, Chapter 288, with provisions at Town Council Page 209 of 465 Meeting Date: Monday, April 21, 2014 least as stringent as the provisions of the amended or revised MUD Water Conservation and Drought Contingency Plan within sixty (60) days of Town’s receipt of the amended or revised MUD Water Conservation and Drought Contingency Plan. Town specifically agrees that upon institution of any mandatory water conservation or drought contingency restrictions by MUD upon its customers, MUD shall impose identical restrictions upon Town Customers as part of the Operational Services until and unless Town has adopted more stringent restrictions, in which event MUD shall enforce Town’s more stringent restrictions upon Town Customers. 3.7 Plumbing Regulations. MUD and Town both covenant and agree to adopt and enforce adequate plumbing regulations with provisions for the proper enforcement thereof, to ensure that neither cross-connection nor other undesirable plumbing practices are permitted. Plumbing regulations adopted by Town shall be not less stringent than those adopted by MUD. 3.8 Curtailment of Service. If water service is curtailed by MUD to other customers of the MUD Water System, MUD may impose a like curtailment on Wholesale Water Services delivered to Town under this Contract. MUD will impose such curtailments in a nondiscriminatory fashion. The Parties agree that they will not construe this Contract to prohibit MUD from curtailing service completely in the event of a maintenance, operation or Emergency for a reasonable period necessary to complete such maintenance operations or repairs or respond to an Emergency circumstance. Town acknowledges and agrees that the MUD’s provision of Wholesale Water Services under this Contract is subject to applicable provisions of the MUD Water Conservation and Drought Contingency Plan. 3.9 Water Service Rules, Regulations and Policies. Within sixty (60) days of the Effective Date, Town agrees to adopt retail water service rules, regulations and policies with provisions at least as stringent as, and not inconsistent with, the provisions of the existing MUD water service rules, regulations and policies (the “MUD Service Rules and Policies”). MUD shall provide Town with any amended or revised water service rules, regulations and policies upon adoption, and Town will adopt provisions at least as stringent as the provisions of the amended or revised MUD service rules, regulations or policies within sixty (60) days of Town’s receipt of the amended or revised MUD service rules, regulations and policies. 3.10 Consumer Confidence Report. Town shall timely adopt a consumer confidence report in accordance with all regulatory requirements, and to conduct any public hearing relating thereto. MUD agrees to furnish all required data and information required for Town to prepare the report and a draft of the report to Town for Town’s approval, and further agrees to distribute the approved report to all Town customers upon receipt from Town as part of the Operations Services to be provided hereunder. Town Council Page 210 of 465 Meeting Date: Monday, April 21, 2014 ARTICLE IV. WHOLESALE WASTEWATER SERVICES 4.1 Points of Connection of Wastewater. MUD shall receive Wastewater from Town Wastewater Collection System at the existing Points of Connection of Wastewater. Any additional Points of Connection of Wastewater must be at locations mutually agreed upon in writing by the Parties. 4.2 Wholesale Wastewater Service. (a) Subject to the terms and conditions of this Contract and the requirements of applicable law, MUD agrees to provide Wholesale Wastewater Services to Town: (i) in a quantity that meets all regulatory requirements applicable to the provision of retail wastewater service by Town to Town Customers located within the Property; and (ii) according to the same terms, conditions and limitations that MUD furnishes wastewater service to its retail customers. (b) Town agrees that it shall adopt and enforce: (1) wastewater service rules and policies at least as stringent as, and not inconsistent with, the MUD Service Rules and Policies; and (ii) any pretreatment requirements for its retail customers as may be necessary to cause the quality of Wastewater Town delivers to the MUD Wastewater System pursuant to this Contract to meet the requirements of this Contract and the MUD Service Rules and Policies. MUD shall be responsible for the quality of any Wastewater collected from MUD customers and passed through the Town Wastewater Collection System to the MUD Wastewater System. (c) MUD shall be entitled to collect samples of Wastewater at or near the Point(s) of Connection into the MUD Wastewater System or from any point within the Town Wastewater Collection System and cause the same to be analyzed in accordance with accepted methods in the industry to determine if such Wastewater complies with the MUD Service Rules and Policies and any pretreatment requirements. If analysis discloses that the Wastewater does not comply with the MUD Service Rules and Policies and any pretreatment requirements, Town shall be obligated to require the offending originator to immediately cease discharging such Wastewater into the Town Wastewater Collection System or to pretreat such Wastewater such that the discharge of prohibited Wastewater ceases immediately. 4.3 Sole Provider. MUD will be the sole source of Wholesale Wastewater Service to Town for the Property unless MUD consents in writing to Town’s conversion to another wholesale provider. Under the terms and conditions set forth herein, MUD shall be entitled to provide Wholesale Wastewater Service to Town for the Property from any source of treatment capacity available to MUD. Town Council Page 211 of 465 Meeting Date: Monday, April 21, 2014 4.4 Wholesale Service Commitment Not Transferable. MUD’s commitment to provide Wholesale Wastewater Service is solely to Town and solely for the Property. Town may not assign or transfer in whole or in part its right to receive Wholesale Wastewater Service without MUD’s prior written consent. 4.5 Curtailment of Service. The Parties agree that, if Wastewater service is curtailed by MUD to other customers of the MUD Wastewater System, MUD may impose a like curtailment on Wholesale Wastewater Service delivered to Town under this Contract. The MUD will impose such curtailments in a nondiscriminatory fashion. The Parties agree that they will not construe this Contract to prohibit MUD from curtailing service completely in the event of a maintenance operation or Emergency for a reasonable period necessary to complete such maintenance operations or repairs or respond to an Emergency circumstance. 4.6 Town Prevention of Infiltration and Inflow . Town will adopt and enforce such ordinances as are reasonably necessary or prudent to minimize Infiltration and Inflow to the Town Wastewater Collection System, and such ordinances shall be at least as stringent as, and not inconsistent with, the MUD’s Service Rules and Policies. Town will prohibit the discharge of drainage water and stormwater run-off into the Town Wastewater Collection System. 4.7 Liability of Town. As between the Parties, liability for damages to third persons arising from the reception, transportation, delivery, treatment and disposal of all Wastewater will remain with Town to each Point of Connection of Wastewater; provided, however, that if any such liability to third parties arises directly out of an act or omission of MUD in the provision of Operations Services, then the MUD will pay all costs and expenses arising out of such liability as part of the Operations Services provided hereunder. Town agrees that any sewer backups caused by force majeure, intrusion of roots into the Town Wastewater Collection System, defects in construction of the Town Wastewater Collection System or other circumstances that are not under the direct control of MUD do not arise out of the act or omission of MUD, and MUD shall have no liability in connection therewith. As between the Parties, liability for damages to third persons will pass to MUD at the Points of Connection of Wastewater to the MUD Wastewater System. 4.8 Liability of MUD. Subject to the foregoing, MUD will bear the responsibility as between the Parties for the proper reception, transportation, treatment, and disposal of such Wastewater received by it at each Point of Connection of Wastewater in accordance with the Contract. However, the Parties agree that they will not construe this Contract to cause MUD to have liability for damages to the MUD Wastewater System or to third persons arising from the delivery by Town of any W astewater that is prohibited under this Agreement. Similarly, this Contract shall not be construed as a waiver of any governmental immunity that MUD or Town may enjoy with respect to any claims brought by third party persons or entities. Town Council Page 212 of 465 Meeting Date: Monday, April 21, 2014 4.9 MUD Treatment and Use of Wastewater. MUD may treat the Wastewater delivered by the Town pursuant to this Contract and dispose of the effluent generated thereby in such manner as may be provided in the Permit or other TCEQ authorization in its sole discretion; provided, however, that if MUD has effluent available, as determined in MUD’s discretion, then MUD will make available all or part of such effluent to Town at Town’s request in accordance with all terms and conditions of the MUD Service Rules and Policies relating to the use of wastewater effluent for irrigation customers, as modified from time to time. To the extent allowed by law, MUD will make effluent available to Town at no charge. Town shall be responsible for the acquisition or construction of all facilities and improvements required to transport effluent from the MUD Wastewater System to the place of use, and any modifications to the MUD’s Wastewater System, at Town’s sole expense. The design of all such improvements and modifications shall be subject to MUD’s prior approval. Town shall also be responsible for securing at its sole cost and expense all regulatory approvals required for the delivery and use of effluent. Notwithstanding any provision herein to the contrary, the Town acknowledges and agrees as follows: (i) that Trophy Club Country Club shall have an opportunity to purchase any excess Wastewater effluent prior to such effluent being made available to Town and (ii) Town may not furnish or resell to third parties any Wastewater effluent. 4.10 Wastewater Service Rules, Regulations and Policies. Within sixty (60) days of the Effective Date, Town agrees to adopt wastewater service rules, regulations and policies with provisions at least as stringent as, and not inconsistent with, the provisions of the existing MUD wastewater service rules, regulations and policies (“MUD Service Rules and Policies”). MUD shall provide Town with any amended or revised wastewater service rules, regulations and policies upon adoption, and Town will adopt provisions at least as stringent as the provisions of the amended or revised MUD service rules, regulations or policies within sixty (60) days of Town’s receipt of the amended or revised MUD service rules, regulations and policies. ARTICLE V. OPERATIONS SERVICES RELATED TO TOWN WATER DISTRIBUTION SYSTEM, TOWN WASTEWATER COLLECTION SYSTEM, AND TOWN WELLS 5.1 Town’s Obligation to Construct Town Water Distribution System and Town Wastewater Collection System. Town shall continue to design and construct, at its sole cost and expense, the Town Water Distribution System and a Town Wastewater Collection System to provide retail water and wastewater service to Town Customers. The Town Water Distribution System shall include all facilities necessary to store Water and to convey Water from the Points of Connection of Water to Town Customers. The Town Wastewater Collection System shall include all facilities necessary to transport Wastewater from Town Customers to the Points of Connection of Wastewater. The Parties specifically agree that the MUD shall have no obligation whatsoever to construct new Town Council Page 213 of 465 Meeting Date: Monday, April 21, 2014 improvements within, or as part of, the Town Water Distribution System or the Town Wastewater Collection System to serve new development or new land uses within the Property. 5.2 Provision of MUD Operations Services. (a) MUD agrees to provide the following contract operation, maintenance, meter reading, billing and reporting functions (collectively, the “Operations Services”) to Town in connection with the Town Water Distribution System and Town Wastewater Collection System: 1) Operating and maintaining the Town Water Distribution System and Town Wastewater Collection System in the same manner as the MUD operates and maintains the MUD Water System and the MUD Wastewater System; 2) Repairing and replacing the Town Water Distribution System and Town Wastewater Collection System (but excluding any expansions) in the same manner as the MUD repairs and replaces the MUD Water System and the MUD Wastewater System as necessary to provide continuous and adequate service in accordance with all regulatory requirements; 3) Reading individual meters of Town retail customers on behalf of Town; 4) Billing, collecting from, and responding to service calls from Town Customers; 5) Dead-end water flushes; 6) Prepare and filing certain operational and compliance reports required by law, including those required by the Commission or EPA relating to operation of the Town Wastewater Collection System or Town Water Distribution System, as more particularly described in Section 5.2(e) below; 7) Preparing and furnishing to Town a monthly operational report including the same detail and information prepared by the MUD for its own system; 8) Providing a representative, upon prior request of Town, to present reports at regular Town Council meetings regarding service matters; and 9) Cooperating with respect to any inspection of the Town Wastewater Collection System or Town Water Distribution System by TCEQ, EPA or any other regulatory entity. Town Council Page 214 of 465 Meeting Date: Monday, April 21, 2014 (b) MUD will provide Operations Services to Town under this Contract in compliance with all applicable, federal, state, and local laws, rules and regulations, and in the same manner that it provides those services to retail water and wastewater customers within the MUD. If MUD’s failure to comply with all applicable, federal, state, and local laws, rules and regulations for which it is responsible under this Contract results in fines or penalties against Town of any kind or any requirement that Town take corrective action by any governmental agency having jurisdiction, then MUD shall pay such fines and penalties, and shall undertake such correction, as part of the Operations Services provided hereunder; provided, however, that notwithstanding any provision in this Contract to the contrary, MUD shall have absolutely no responsibility to pay any costs, fines or penalties that arise out of any of the following: (i) the design or construction of the Town Wastewater Collection System or Town Water Distribution System; (ii) the introduction of prohibited Wastewater by any customer of the Town into the Town Wastewater Collection System for which the Town has not taken immediate enforcement action; (iii) any action, decision, inaction or delay of the Town that contributes to the circumstance or condition that results in the violation, fine or penalty; (iv) matters which are outside the scope of Operations Services to be provided by MUD; and (v) matters that are outside the reasonable control of the MUD, including acts of force majeure and acts of third parties. (c) As an independent contractor, MUD shall work independently and exercise its own judgment in providing the Operations Services. Town shall have no control over the means or methods of the MUD’s work, except that MUD shall provide Operations Services in a professional and workmanlike manner consistent with the standards by which it furnishes services to its own retail water and wastewater customers, and shall comply with all applicable local, state and federal laws, rules and regulations. (d) Town acknowledges that the Operations Services do not include any services or obligations not specifically set forth in this Contract. By way of example and without limitation, the Operations Services do not include design or construction of extensions to the Town Wastewater Collection System or Town Distribution System; plumbing inspections; construction inspections; records retention; filing of plans for new infrastructure improvements with regulatory authorities; legislative functions such as adoption of policies, rates and service rules; or enforcement of Town ordinances, rules, regulations or policies. (e) As part of the Operations Services, MUD shall prepare, execute and file on behalf of Town those operations and sampling reports and filings that may legally be executed by an operator of a public water or wastewater system on behalf of the owner. With respect to those reports, plans and filings that must be executed or filed directly by the owner of the public water or wastewater system, MUD shall prepare a draft report, plan and/or filing for Town, but Town shall be solely responsible for final approval, execution and filing thereof. The Town Council Page 215 of 465 Meeting Date: Monday, April 21, 2014 Parties agree that the data to be furnished by MUD for purposes of preparing reports, filings and plans on behalf of Town shall be operational and sampling data obtained by MUD in connection with providing the Operations Services, and Town shall be responsible for gathering and furnishing other data not generated as a result of operating the Town Water Distribution System and Town Wastewater Collection System, such as Town population data. 5.3 Wells. Town has sole discretion regarding the specifications for, number and location of Wells that may be constructed by Town. Any and all Wells constructed by or at the direction of Town or dedicated to Town shall be owned and operated by Town, and are outside the scope of Operations Services to be furnished by MUD. No Wells shall be connected to the Town Water Distribution System without the prior consent and approval of the MUD. MUD has sole discretion regarding the specifications for, number and location of Wells that may be constructed by MUD. 5.4 Cooperation. (a) Town agrees to fully cooperate with MUD in connection with the provision of Operations Services by MUD. By way of example and without limitation, Town shall not prevent, hinder or impair MUD’s access to the Town Wastewater Collection System or Town Water Distribution System. Similarly, in the event Town receives any notices, correspondence, notices of enforcement action, inspection reports, customer correspondence or other information relating to water or wastewater services, operations or water or wastewater facilities, it shall provide a copy thereof to MUD as soon as reasonably practical. Town shall also timely execute any operations reports or filings that must be executed by an authorized representative of Town, and shall fully cooperate as necessary to allow MUD to file any regulatory reports or filings that MUD files on behalf of Town as part of the Operations Services. (b) The Parties agree to fully cooperate and provide notice to each other as soon as practicable regarding emergencies and events that materially impact water and wastewater service. (c) The Parties will fully cooperate to respond to alleged violations or enforcement action pertaining to water and wastewater services. 5.5 Approvals for MUD Bonds Relating to Town Infrastructure. The Parties acknowledge and agree that the Operations Services to be provided by MUD include necessary repairs or replacement of the Town Wastewater Collection System or the Town Water Distribution System. In the event that MUD seeks to issue bonds for funding any such repairs or replacements and TCEQ withholds approval for the issuance of such bonds, or the Attorney General of the State of Texas refuses to render an opinion approving the validity of bonds issued by MUD for such purposes, then the Parties agree to fully cooperate as necessary to cause such repair or replacement to proceed without delay at no Town Council Page 216 of 465 Meeting Date: Monday, April 21, 2014 additional cost to Town. MUD shall have no obligation to undertake any such repair or replacement until an alternative funding source is identified and agreed upon by the Parties. 5.6 Elevated Storage Tank. The Parties acknowledge that the Town Water Distribution System includes an elevated storage tank to which both Parties contributed funding. As part of the Operations Services, MUD shall operate the elevated storage tank to provide and maintain pressure to customers of both the Town Water Distribution System and the MUD Water System in accordance with all applicable regulatory requirements applicable to both systems. 5.7 Insurance. MUD agrees to secure and maintain insurance for the Town Water Distribution System and Town Wastewater Collection System at MUD’s sole cost and expense. The Parties mutually agree that any payments of insurance under any such policies should go to MUD for purposes of repair or replacement of Town infrastructure. In the event that the insurance company tenders payment of the insurance proceeds to Town for any reason, Town agrees to immediately remit all such insurance proceeds to MUD, which shall utilize the proceeds for repair or replacement of Town infrastructure, or if the amount of the proceeds exceeds the cost of the repair or replacement, MUD shall credit such excess proceeds to the Annual Capital Improvements and Maintenance Charge due from Town. ARTICLE VI. CHARGES TO TOWN 6.1 Charges to Town for Wholesale Water Service, Wholesale Wastewater Services and Operational Services. The MUD charges to Town for Wholesale Water Services, Wholesale Wastewater Services, and Operational Services shall consist of the following: (a) The Retail Customer Charge; (b) The Annual Capital Improvements and Maintenance Charge; (c) Fort Worth Impact Fees; and (d) Utility Fees. ARTICLE VII. BILLING AND PAYMENT 7.1 Retail Customer Charge. (a) Within thirty (30) days of the Effective Date, Town shall adopt the Town Rate Order. Except as provided in Section 7.1(d) below, the Town Rate Order shall be identical to the existing MUD Rate Order. MUD shall provide to Town Council Page 217 of 465 Meeting Date: Monday, April 21, 2014 Town any amended or revised MUD Rate Order adopted by MUD not later than sixty (60) days before the effective date of any new rates and charges, and Town shall adopt a Town Rate Order identical to the amended or revised MUD Rate Order within sixty (60) days of Town’s receipt of the amended or revised MUD Rate Order, such that the effective date of any changes to the Town Rate Order and MUD Rate Order shall be identical. In the event that in connection with any rate proceeding TCEQ (or the Public Utility Commission of Texas) changes any MUD rates, fees or charges, MUD shall provide immediate notice thereof to Town and Town shall use its best efforts to change the Town Rate Order immediately, including by calling a special meeting if necessary. (b) As part of the Operations Services provided to Town, MUD shall bill and collect amounts due from Town Customers under the Town Rate Order for the provision of retail water and wastewater services. Such billing and collection shall be conducted by MUD in the same manner of billing and collections performed by MUD for retail water and wastewater service furnished by MUD to its retail customers in the MUD boundaries. (c) Town hereby authorizes MUD to collect all monthly payments from Town Customers under the Town Rate Order and to directly deposit such payments into the MUD bank accounts. MUD shall keep one hundred percent (100%) of all collections from Town Customers, except as provided in Section 7.1(d) below. All such payments collected by MUD from Town Customers under the Town Rate Order identical to the rates, fees and charges of MUD are collectively referred to herein as the “Retail Customer Charge.” (d) Town shall have the right at any time to modify its rate order to include separate fees and charges in addition to those billed and charged by MUD. Any such additional Town fees or charges (a “Town Surcharge”) shall be separately identified on the MUD’s bill to Town Customers. Town shall give MUD not less than 60 days prior written notice of any such additional Town charge. Except as provided in Section 7.2(d) below with respect to the levy and collection of a Town Surcharge for payment of the Annual Capital Improvements and Maintenance Charge, MUD shall remit payment of any such additional Town fees and charges that it collects to Town within fifteen (15) days after receipt of a written invoice for payment from Town. Notwithstanding any provision herein to the contrary, Town agrees that the volumetric rates for water and wastewater service to Town Customers under the Town Rate Order must be identical to the MUD volumetric rates for water and wastewater services under the MUD Rate Order, and the Town Surcharge shall not be a gallonage charge (and instead shall be a fixed sum). 7.2 Annual Capital Improvements and Maintenance Charge. (a) The Annual Capital Improvements and Maintenance Charge shall be calculated in accordance with the following methodology: Town Council Page 218 of 465 Meeting Date: Monday, April 21, 2014 1) Town shall furnish its most current certified assessed valuation from the County Tax-Assessor (the “Certified Assessed Valuation”) for the Property to the MUD on or before August 1 of each year that this Contract remains in effect. 2) No later than September 1 of the same year, MUD will furnish Town with an annual debt service, maintenance and operations budget that contains the following items: a. The total debt service requirements for new money ad valorem tax bonds issued by MUD after the Effective Date in the next calendar year (“Annual Debt Service Requirement”); b. The total expenses to be funded with maintenance taxes in the next fiscal year (“Annual Maintenance and Repair Requirement”), save and except budgeted costs of MUD director fees and director elections, the costs of which MUD agrees shall not be funded by the Annual Capital Improvements and Maintenance Charge; c. The cumulative total of the Certified Assessed Valuation for the MUD and the Property; d. Town’s percentage share of the Annual Debt Service Requirement and Annual Maintenance and Repair Requirement calculated by dividing the Certified Assessed Valuation for the Property by the cumulative total of the Certified Assessed Valuation for the MUD and the Property; and e. The amount of the next year’s Annual Debt Service Requirement and Annual Maintenance and Repair Requirement for which the Town is responsible for payment during the subsequent calendar year (the “Annual Capital Improvements and Maintenance Charge”) shall be equal to the product of the Town’s percentage share of the Annual Debt Service Requirement and Annual Maintenance and Repair Requirement multiplied by the Annual Debt Service Requirement and Annual Maintenance and Repair Requirement. (b) If for any reason the timing of issuance of ad valorem tax debt by MUD does not allow the Annual Capital Improvements and Maintenance Charge to be calculated in accordance with the foregoing schedule, then Town’s share of any such ad valorem debt service payments shall be added to the next subsequent calendar year Annual Debt Service Requirement. Town Council Page 219 of 465 Meeting Date: Monday, April 21, 2014 (c) Town shall determine, in its sole discretion, the source of funding for payment of the Annual Capital Improvements and Maintenance Charge; provided, however, that (i) the Town shall not levy and collect an ad valorem tax for payment of the Annual Capital Improvements and Maintenance Charge; and (ii) the source of funding shall be collected only from Town Customers within the Property. Without limitation, Town may levy a Town Surcharge (as defined in Section 7.1(d) above) in the Town Rate Order for purposes of generating revenues for payment of the Annual Capital Improvements and Maintenance Charge. (d) If Town levies a Town Surcharge for payment of the Annual Capital Improvements and Maintenance Charge, then MUD shall retain the Town Surcharge for payment of the Annual Capital Improvements and Maintenance Charge. If Town uses another source of funding to pay the Annual Capital Improvements and Maintenance Charge, then Town shall pay such funds to MUD within thirty (30) days of receipt, but in no event later than the end of the calendar year. Within thirty (30) days of the end of each calendar year, MUD shall prepare and furnish to Town a reconciliation that identifies the cumulative sum collected by MUD from the Town Surcharge or paid by Town from other funding sources. In the event that the cumulative sum collected exceeds the Annual Capital Improvements and Maintenance Charge, the MUD shall remit such excess monies to Town within thirty (30) days after the reconciliation report is furnished to Town. If the cumulative sum collected is less than the Annual Capital Improvements and Maintenance Charge, then Town shall pay the full amount of the deficit within thirty (30) days of receipt of the MUD reconciliation report. (e) Each Annual Capital Improvements and Maintenance Charge shall remain in effect from January through December of each year that this Contract remains in effect. The Parties acknowledge that the payment procedures may cause the MUD to be responsible for principal or interest on bonds during the calendar year before Town has fully contributed its pro rata share of such payments to MUD; provided, however, the reconciliation and payment obligations of the Parties shall ensure that Town pays, and the MUD receives, the Annual Capital Improvements and Maintenance Charge for each calendar year (and not more or less). (f) A new Annual Capital Improvements and Maintenance Charge shall be calculated for each calendar year in accordance with the same methodology set forth in Section 7.2(a) for so long as this Contract remains in effect. (g) If all of the Property is annexed into the corporate boundaries of the MUD, then Town’s obligation to pay the Annual Capital Improvement and Maintenance Charge will terminate on the January 1 following the effective date of the annexation. Town Council Page 220 of 465 Meeting Date: Monday, April 21, 2014 7.3 Fort Worth Impact Fees. Town understands that MUD has a separate agreement for water services with the City of Fort Worth (hereinafter “Fort Worth Water Contract” as defined above) and that pursuant to that Fort Worth Water Contract, MUD is responsible for collection of Fort Worth’s impact fees from new customers that are paid to Fort Worth. Town understands and agrees that as a wholesale water supply customer of MUD, Town will be required to collect and pay all impact fees due under the Fort Worth Water Contract for each new Town Customer. The Parties further agree that Town’s permitting department collects the Fort Worth Impact Fee from each new Town Customer and each new retail customer of MUD within the boundaries of Town, and provides a daily collection report to MUD identifying all new customers. Town remits the cumulative Fort Worth Impact Fees collected from all such customers to MUD each month upon receipt of a written invoice for payment from MUD, and MUD in turn provides payment to the City of Fort Worth. Town agrees to continue to take such actions as may be necessary to collect or to allow for the collection from all new retail connections of Town and MUD within the boundaries of Town an amount equal to the impact fee assessed by the City of Fort Worth pursuant to the Fort Worth Water Contract and to remit such sum to MUD in the amount and in accordance with the terms set forth in the Fort Worth Water Contract. Upon receipt of such funds from Town, MUD shall immediately remit that amount to the City of Fort Worth. Town agrees that no new Town Customer shall be entitled to receive water or wastewater service for which the Fort Worth Impact Fee is not collected and paid to MUD. In the event that payment of the Fort Worth Impact Fee is not collected from any new Town Customer, MUD may immediately disconnect service until payment is received. 7.4 Utility Fees. The Parties acknowledge that the 2007 Wholesale Contract provided for the Town to pay MUD a lump sum amount of $540,000 and a Utility Fee of $2,300 for each new service connection to the Town Water Distribution System and Town Wastewater Collection System until the total amount of Utility Fees paid to MUD equaled $3,260,000, in consideration of the MUD’s payment of the debt service on bonds issued to finance the construction and installation of the existing MUD Water System and MUD Wastewater System. For purposes of this contract, and in consideration of the receipt of Utility Fees, MUD agrees that Town shall not be responsible for payment of debt service on ad valorem tax bonds issued by MUD prior to the Effective Date, or any refunding thereof. The 2007 Wholesale Contract further provided that to the extent the Town paid less than this sum to the District as of May 7, 2013, then the Town would be required to pay ten percent (10%) interest each year on the difference between the amount of such fees paid to the District and $3,260,000 in accordance with a formula set forth in the 2007 Wholesale Contract. The Parties now acknowledge that there will not be a sufficient number of new service connections within the Property in order for Town to collect and remit to MUD the full amount that was required to be paid under the 2007 Wholesale Contract. As a result, from and after the Effective Date, the Parties agree that Town’s payment obligation of Utility Fees and interest shall be as follows: Town Council Page 221 of 465 Meeting Date: Monday, April 21, 2014 (a) Town shall collect a fee $2,300 (the “Utility Fee”) for each new standard service connection within the Property to the Town Water Distribution System or Town Wastewater Collection System within the Property and tender such fee to MUD until such time as MUD has received Utility Fees from 1,407 standard service connections within the Property (including those received under the 2007 Wholesale Contract); (b) From and after the Effective Date, Town shall pay to MUD the Utility Fees collected by Town for all new service connections within the Property during the preceding calendar month on or before the end of a calendar month. (c) Until such time as MUD has received Utility Fees from 1,407 new service connections within the Property (including those received under the 2007 Wholesale Contract), Town shall, pursuant to its contract with 831 Trophy LP (“Developer”), entitled “The Highlands at Trophy Club Development and Public Improvement District Agreement” and all prior modifications thereof, notify the Developer of its requirement to directly pay to MUD or to provide a letter of credit for the benefit of MUD to pay interest in accordance with the following methodology: 1) The difference between the total amount of Utility Fees received by MUD as of a specified date and $3,260,000 represents the “Utility Fee Remainder” as of said date; 2) Interest at ten percent (10%) per annum shall be payable to MUD each year based on the Utility Fee Remainder until such time as the MUD has received Utility Fees from 1,407 new service connections within the Property (including those received under the 2007 Wholesale Contract); 3) It is hereby agreed that, as of May 7, 2013, the Utility Fee Remainder was $707,000. Therefore, the initial interest payment, equal to $70,700 (which represents 10% of the Utility Fee Remainder as of May 7, 2013), shall be paid to MUD on or before May 31, 2014; 4) The amount of interest to be paid to MUD thereafter (commencing May 31, 2015) shall be calculated according to the following methodology: where (A) equals the Utility Fee Remainder as of the preceding May 7th (commencing May 7, 2014) and (B) equals the Utility Fee Remainder as of the subsequent May 7th (commencing May 7, 2015), then (A) plus (B) divided by two (2) and multiplied by ten percent (10%) will be the amount of interest payable for the preceding year; and 5) If the foregoing calculation of interest results in interest greater than the maximum amount allowed by applicable law, then the amount Town Council Page 222 of 465 Meeting Date: Monday, April 21, 2014 of interest for that period will be reduced to equal the maximum amount allowed by applicable law. 6) Town agrees that no new Town Customer shall be entitled to receive water or wastewater service for which the Utility Fee is not collected and paid to MUD. In the event that payment of the Utility Fee is not collected from any new Town Customer, MUD may immediately disconnect service on behalf of Town until payment is received. In the event interest is not received by MUD by May 31 of each year for so long as such interest is due, no meters shall be set for new service connections within the Property until the interest is paid to the MUD. 7.5 Customer Deposits. Town hereby authorizes the MUD to collect, deposit, administer and refund customer deposits from Town Customers in the same manner, in the same amount, and according to the same procedures as applicable to MUD retail customers. Town acknowledges and agrees that interest will not be paid either to Town or to Town Customers on such deposits. 7.6 Payments by Town Unconditional. Town recognizes that MUD will issue bonds that will be payable and secured by a pledge of the sums of money to be received by MUD from Town under this Contract. Accordingly, Town’s obligation to make the payments required by this Contract is hereby made unconditional. All sums payable hereunder by Town to MUD shall, so long as any part of the MUD bonds are outstanding and unpaid, be paid by Town without set-off, counterclaim, abatement, suspension or diminution except as otherwise expressly provided herein; and so long as any part of MUD bonds are outstanding and unpaid, Town shall not have any right to terminate this Contract nor shall the Town be entitled to the abatement of any payment or any reduction thereof nor shall the obligations of the Town be otherwise affected for any reason, it being the intention of the Parties that so long as any portion of the MUD bonds are outstanding and unpaid, all sums required to be paid by the Town to MUD shall continue to be payable in all events and the obligations of the Town hereunder shall continue unaffected, unless the requirement to pay the same shall be reduced or terminated pursuant to an express provision of the Agreement. 7.7 Rate Appeals. If the Town at any time disputes the amount to be paid by it to the MUD, the Town shall nevertheless promptly make the disputed payment or payments, but the Town shall have the right to seek a judicial determination whether the rates charged by the MUD are in accordance with the terms of this Contract. 7.8 Other Charges. The Parties mutually acknowledge that each Party currently collects certain charges and fees on behalf of the Party, as follows: Town Council Page 223 of 465 Meeting Date: Monday, April 21, 2014 (i) MUD collects Town’s solid waste fee and taxes, and drainage fees, on each monthly bill to Town Customers. Payments received from Town Customers are deposited by MUD, and then tendered to Town upon receipt of a monthly invoice for payment. (ii) The Town permitting department collects the MUD service deposit, meter charge, Utility Fee, Fort Worth Impact Fees, a Fire Line Fee, the Fire Plan Review Fee, and Omnicom Fee from new MUD retail customers. Such payments received from MUD customers are deposited by Town, and then tendered to MUD upon receipt of a monthly invoice for payment. Each Party agrees to cooperate in good faith with the other Party to continue collection of fees and charges on behalf of the other Party to lower costs to, and minimize burdens upon, their respective customers. Notwithstanding the foregoing, in the event that it is determined that either Party does not have the authority to collect and/or deposit charges on behalf of the other Party, each Party shall be responsible for billing and collection of its own charges, or the Parties shall otherwise cooperate as necessary to ensure that separate payments are made by customers to the appropriate payee. ARTICLE VIII. TERM 8.1 Term. This Contract shall become effective upon approval by each of the respective governing bodies of Town and MUD and upon execution by their respective authorized representatives, and shall remain in effect for an initial term of 99 years from the Effective Date or until any new bonds issued by the District after the Effective Date (including refunding bonds for such new bonds) are no longer outstanding, whichever is later. Thereafter, this Contract shall renew automatically for additional terms of ten (10) years each unless either Party provides not less than six (6) months prior written notice to the other Party of termination before the expiration of any term. 8.2 Material Breach; Notice and Opportunity to Cure. (a) In the event that one Party believes that another Party has materially breached one of the provisions of this Agreement, the non-defaulting Party will make written demand to cure and give the defaulting Party up to 30 days to cure such material breach or, if the curative action cannot reasonably be completed within 30 days, the defaulting Party will commence the curative action within 30 days and thereafter diligently pursue the curative action to completion. This period must pass before the non-defaulting Party may initiate any remedies available to the non-defaulting party due to such breach; provided, however, that neither Party may terminate this Contract as a remedy for default. Town Council Page 224 of 465 Meeting Date: Monday, April 21, 2014 (b) Any non-defaulting Party will mitigate direct or consequential damage arising from any breach or default to the extent reasonably possible under the circumstances. (c) The Parties agree that they will negotiate in good faith to resolve any disputes and may engage in non-binding mediation, arbitration or other alternative dispute resolution methods as recommended by the laws of the State of Texas. 8.3 Equitable Relief. (a) The Parties acknowledge that MUD is limited in its ability to terminate this Contract in the event of Town’s default, whether a monetary default or otherwise, because MUD has outstanding bonds and because Town may have an obligation to provide continuous and adequate water and wastewater services to its retail customers at the time of the default and may lack alternative sources for service. In recognition of this, and that failure in the performance of Town’s obligations could not be adequately compensated in money damages alone, Town agrees that in the event of any default on its part that the MUD shall have available to it equitable remedies including, without limitation, the right to obtain a writ of mandamus or specific performance or an injunction against the Town requiring the Town to levy and collect rates and charges sufficient to pay the amounts owed to MUD by Town under this Agreement. (b) The Parties acknowledge that Town is limited in its ability to terminate this Contract in the event of MUD’s default because Town may have an obligation to provide continuous and adequate water and wastewater services to its retail customers at the time of the default and may lack alternative sources for service. In recognition of this, and that failure in the performance of MUD’s obligations could not be adequately compensated in money damages alone, MUD agrees that in the event of any default on its part that Town shall have available to it equitable remedies including, without limitation, the right to obtain a writ of mandamus or specific performance or an injunction against MUD requiring it to perform its duties under this Contract. 8.4 Remedies Not Exclusive. The provisions of this Agreement providing remedies in the event of a Party’s breach of this are not intended to be exclusive remedies. The Parties retain, except to the extent released or waived by the express terms of this Agreement, all rights at law and in equity to enforce the terms of this Agreement in addition to, and cumulative to, remedies provided in this Agreement. The foregoing shall not be construed to authorize termination. Town Council Page 225 of 465 Meeting Date: Monday, April 21, 2014 ARTICLE IX. MISCELLANEOUS 9.1 Joint Meetings. The Town Council and the MUD Board of Directors agree to hold joint meetings in each quarter of each calendar year or as the parties mutually agree. The purpose of these joint meeting will be to discuss matters of common interest to Town and MUD, including, but not limited to, amendments or revisions to the MUD Conservation and Drought Contingency Plan, amendments or revisions to the MUD Rate Order, the construction of capital improvements to serve the MUD and the Property, the calculation and collection of the Annual Capital Improvements and Maintenance Charge, and the calculation and collection of any other charges due from Town to MUD under this Contract. 9.2 Immunity. The fact that Town and MUD accept certain responsibilities relating to the provision of Operations Services under this Contract as part of their responsibility for providing Water and Wastewater Services to their respective residents makes it imperative that the performance of these vital services be recognized as a governmental function and that the doctrine of governmental immunity shall be, and it is hereby, invoked to the extent possible under the law. Neither Town nor MUD waive any immunity or defense against third party claims that would otherwise be available to it against claims arising from the exercise of governmental powers and functions. The Parties hereto agree that each respectively waives its sovereign immunity to suit for the limited purpose of adjudication of a claim for breach of this Contract. Notwithstanding the foregoing Contract, remedies in such action shall be limited to those provided by state law. 9.3 Force Majeure. If any Party is rendered unable, wholly or in part, by force majeure to carry out any of its obligations under this Contract, except the obligation to pay amounts owed or required to be paid pursuant to the terms of this Contract, then the obligations of such Party, to the extent affected by such force majeure and to the extent that due diligence is being used to resume performance at the earliest practicable time, shall be suspended during the continuance of any inability so caused to the extent provided but for no longer period. As soon as reasonably possible after the occurrence of the force majeure relied upon, the Party whose contractual obligations are affected thereby shall give notice and full particulars of such force majeure to the other Party. Such cause, as far as possible, shall be remedied with all reasonable diligence. The term “force majeure,” as used herein, shall include without limitation of the generality thereof, acts of God, strikes, lockouts, or other industrial disturbances, acts of the public enemy, orders of any kind of the government of the United States or the State of Texas or any civil or military authority other than a Party to this Contract, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, hurricanes, restraint of government and people, civil disturbances, explosions, breakage or accidents to machinery, pipelines or canals, partial or Town Council Page 226 of 465 Meeting Date: Monday, April 21, 2014 entire failure of water supply resulting in an inability to provide water necessary for operation of the water and sewer systems hereunder or in an inability of MUD to provide Water or receive Wastewater, and any other inabilities of any Party, whether similar to those enumerated or otherwise, which are not within the control of the Party claiming such inability, which such Party could not have avoided by the exercise of due diligence and care. It is understood and agreed that the settlement of strikes and lockouts shall be entirely within the discretion of the Party having the difficulty, and that the above requirement that any force majeure shall be remedied with all reasonable dispatch shall not require the settlement of strikes and lockouts by acceding to the demands of the opposing Party when such settlement is unfavorable to it in the judgment of the Party experiencing such difficulty. 9.4 Applicable Law. This Contract shall be governed by the laws of the State of Texas and no lawsuit shall be prosecuted on this Contract except in a court of competent jurisdiction located in Tarrant or Denton County. 9.5 No Additional Waiver Implied. No waiver or waivers of any breach or default (or any beaches or defaults) by any Party hereto of any term, covenant, condition, or liability hereunder, or the performance by any Party of any duty or obligation hereunder, shall be deemed or construed to be a waiver of subsequent breaches or defaults of any kind, under any circumstances. 9.6 Addresses and Notice. Unless otherwise provided in this Contract, any notice, communication, request, reply, or advice (herein severally and collectively, for convenience, called “Notice”) herein provided or permitted to be given, made, or accepted by any Party to the other (except bills), must be in writing and may be given or be serviced by depositing the same in the United States mail postpaid and registered or certified and addressed to the Party to be notified, with return receipt requested, or by delivering the same to such Party, addressed to the Party to be notified. Notice deposited in the mail in the manner hereinabove described shall be conclusively deemed to be effective, unless otherwise stated in this Contract, from and after the expiration of three (3) days after it is so deposited. Notice given in any such other manner shall be effective when received by the Party to be notified. For the purpose of notice, addresses of the Parties shall, until changed as hereinafter provided, be as follows: If to MUD, to: If to Town, to: MUD Manager Town Manager, 100 Municipal Drive 100 Municipal Drive Trophy Club, Texas 76262 Trophy Club, Texas 76262 The Parties shall have the right from time to time and at any time to change their respective addresses and each shall have the right to specify any other address by at least fifteen (15) days' written notice to the other. Town Council Page 227 of 465 Meeting Date: Monday, April 21, 2014 9.7 Merger and Modification. This Contract, including the exhibits that are attached hereto and incorporated herein for all purposes, embodies the entire Contract between the Parties relative to the subject matter hereof. This Contract shall be subject to change or modification only with the written mutual consent of all Parties affected by such change or modification. 9.8 Severability. The provisions of this Contract are severable, and if any part of this Contract or the application thereof to any person or circumstances shall ever be held by any court of competent jurisdiction to be invalid or unconstitutional for any reason, the remainder of this Contract and the application of part of this Contract to other persons or circumstances shall not be affected thereby. 9.9 Successors and Assigns. This Contract shall be binding upon and inure to the benefit of the Parties hereto and their successors. This Contract shall not be assigned without the written consent of the governing bodies of the respective entities. 9.10 Benefits of Contract. This Contract is for the benefit of the Parties and their successors and assigns and shall not be construed to confer any benefit on any other person or entity except as expressly provided for herein. 9.11 Consent and Approvals. Whenever this Contract provides for the approval or consent of one of the Parties, such consent or approval shall not be unreasonably withheld or delayed. 9.12 Authority. This Agreement is made and entered into pursuant to the provisions of the Interlocal Cooperation Act, V.T.C.A. Government Code, Chapter 791; V.T.C.A. Local Government Code, Chapter 552; V.T.C.A. Water Code Chapters 30 and 49, and other applicable law. TOWN OF TROPHY CLUB, TEXAS By: Name: Connie White Title: Mayor Date: ATTEST: By: Name: Tammy Ard Title: Town Secretary Town Council Page 228 of 465 Meeting Date: Monday, April 21, 2014 TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 By: Name: Title: Date: ATTEST: By: Name: Title: Town Council Page 229 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT “A” Town Council Page 230 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT “B” Town Council Page 231 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1093-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/11/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding a requested change to the signage for Dr. Crumpton's medical office building, 301 Trophy Branch Drive, Lot 2R-1, Block B, Trophy Wood Business Center. Applicant: Curt Horak, Priority Signs and Graphics on behalf of David L. Crumpton. Attachments:Staff Report - TC 042114 - Signage - Dr Crumpton.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a requested change to the signage for Dr. Crumpton's medical office building, 301 Trophy Branch Drive, Lot 2R-1, Block B, Trophy Wood Business Center. Applicant: Curt Horak, Priority Signs and Graphics on behalf of David L. Crumpton. Town Council Page 232 of 465 Meeting Date: Monday, April 21, 2014 TOWN COUNCIL April 21, 2014 STAFF REPORT Signage Dr. Crumpton Medical Building 301 Trophy Branch Drive REQUEST: Consider and take appropriate action to approve a change to the signage for Dr. Crumpton’s medical office building located at 301 Trophy Branch Drive. LOCATION: Northwest corner of Trophy Branch Drive and State Highway 114 REVIEW: The applicant is constructing a single story building for a total of approximately 5,990 square feet of multi-use lease space proposed for medical and/or dental offices. In the next month, the structure is scheduled to receive final inspection and a certificate of occupancy. When the site plan for this site came before P&Z and Council in August/September 2013, the applicant asked the Planning and Zoning Commission and Town Council for larger than allowed wall signage since a monument sign is not feasible on this site along State Highway 114 as there are easements along the frontage road of the site and a monument sign is not allowed in an easement. P&Z and Council granted the following signage: North Elevation: Signage in compliance with Town regulations. East Elevation: Signage to exceed copy height by 4 inches. South Elevation: Signage to exceed copy height by 4 inches. Town Council Page 233 of 465 Meeting Date: Monday, April 21, 2014 North and East Elevation signage approved (hardcopy included): South and West Elevation signage approved (hardcopy included): Town Council Page 234 of 465 Meeting Date: Monday, April 21, 2014 The applicant is asking for the following changes: • North Elevation o Site Plan 40 sq ft. max (2’ Tall x 10’ Wide) o Proposed 30 sq ft (38.1” T x 111” W Oval) • East Elevation o Site Plan 40 sq ft max (2’ 10” T x 13’ 8” Wide) o Proposed 65 sq ft. (56.5” T x 165” Wide) • South Elevation o Site Plan 40 sq ft max (2’ 10” T x 13’ 8” Wide) o Proposed 65 sq ft. (56.5” T x 165” Wide) No signage has been approved nor is requested on the west elevation. North Elevation: from rectangular sign to oval sign, 10 sq. ft. less than approved by P&Z and Council (hardcopy included) Town Council Page 235 of 465 Meeting Date: Monday, April 21, 2014 East Elevation: from rectangular sign to oval sign, 25 sq. ft. more than approved by P&Z and Council (hardcopy included) Town Council Page 236 of 465 Meeting Date: Monday, April 21, 2014 South Elevation: from rectangular sign to oval sign, 25 sq. ft. more than approved by P&Z and Council (hardcopy included) STAFF FINDINGS: The applicant is requesting minor changes to the signage plan approved by P&Z and Council in September 2013. Other than in overall size, the proposed (new) signage conforms in all other ways to the Town’s regulations for wall signs (for instance, location on the wall, maximum and minimum copy heights, and copy depth), therefore, staff recommends approval. PLANNING AND ZONING COMMISSION: On April 17, 2014, the Planning and Zoning Commission will hear this request. Prior to the April 21, 2014 Council meeting, Council will be advised, via email, of the recommendation made by the Planning and Zoning Commission. ch Attachments: Hardcopy of Elevation Signage approved in Sept 2013 Hardcopy of proposed new Elevation Signage Town Council Page 237 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1094-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/11/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding a Resolution providing written consent of the Town to the annexation of a 2.532 acre tract of land located at Parkview Drive and Bobcat Blvd. at the request of the property owners, Trophy Club Village Centre, LLC, seeking annexation of the property into boundaries of the Trophy Club Municipal Utility District No. 1; seeking fire protection services and in- district water and wastewater services; and providing an effective date. Attachments:Staff Report 042114.pdf RES 2014-12 Consent to annexation into MUD - TC Village Center.pdf Request for Annexation to Town.pdf Exhibit (Survey).pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Resolution providing written consent of the Town to the annexation of a 2.532 acre tract of land located at Parkview Drive and Bobcat Blvd. at the request of the property owners, Trophy Club Village Centre,LLC, seeking annexation of the property into boundaries of the Trophy Club Municipal Utility District No. 1; seeking fire protection services and in-district water and wastewater services; and providing an effective date. Town Council Page 238 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Carolyn Huggins CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Trophy Club Village Centre – MUD Annexation Town Council Meeting, April 21, 2014 Agenda Item: Consider and take appropriate action to approve a Resolution providing written consent of the Town to the annexation of a 2.532 acre tract of land located at Parkview Drive and Bobcat Blvd. at the request of Trophy Club Village Centre, LLC seeking approval from the Town Council of the Town of Trophy Club to petition the Municipal Utility District for annexation into the MUD for fire services and in-district water and wastewater services. Explanation: The “Village Center” area (shown in pink in the diagram below) of Planned Development No. 27 (PD-27) is not located in the Public Improvement District (PID) or the Municipal Utility District (MUD). Therefore, these properties pay out of district rates for water service. In addition, these properties do not have fire protection services as that service is provided by the MUD. Town Council Page 239 of 465 Meeting Date: Monday, April 21, 2014 There are three (3) Village Center property owners: 1) The Church of Jesus Christ of Latter Day Saints, which owns 7 acres along Trophy Club Drive and Bobcat Blvd. 2) Savi Management Company, which owns 4.5 acres located between the LDS Church and Independence Park East. 3) Trophy Club Village Centre, LLC, which owns 2.5 acres located between Parkview Drive and Medlin Middle School. All three property owners plan to request annexation into the MUD, but the church and Savi Management have not yet completed the necessary paperwork and will be petitioning the Council and MUD for annexation at a later date. Trophy Club Village Centre, LLC is requesting annexation into the MUD. LOCATION OF PROPERTY: Attachments: Petition to Annex Certain Land into Trophy Club Municipal Utility District No. 1 Exhibit (survey) of Property Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Town Council Page 240 of 465 Meeting Date: Monday, April 21, 2014 Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends approval of the request by Trophy Club Village Centre, LLC to petition the MUD for annexation. The MUD is scheduled to hear this request at a Board meeting on April 22, 2014. Town Council Page 241 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB RESOLUTION NO. 2014-12 A RESOLUTION OF THE TOWN OF TROPHY CLUB, TEXAS PROVIDING THE WRITTEN CONSENT OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB TO THE INCLUSION OF AN APPROXIMATE 2.532 ACRE TRACT OF LAND SITUATED IN THE J. HENRY SURVEY, ABSTRACT NO. 529, DENTON COUNTY, TEXAS, AND BEING ALL OF THAT CERTAIN TRACT OF LAND, CONVEYED BY DEED TO TROPHY CLUB VILLAGE CENTRE, LLC, RECORDED IN COUNTY CLERK’S FILE NO. 2012-113475, DEED RECORDS, DENTON COUNTY, TEXAS LOCATED WITHIN THE CORPORATE LIMITS OF THE TOWN OF TROPHY CLUB, TEXAS AND BEING MORE FULLY DESCRIBED IN EXHIBIT “A” HERETO (“THE PROPERTY”) TO BE ANNEXED INTO AND THEREAFTER INCLUDED WITHIN THE BOUNDARIES OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, pursuant to Chapter 54 of the Texas Water Code, at the request of Trophy Club Village Centre, LLC, the owners, (hereinafter the “Landowners”) of an approximate 2.532 acre tract of land situated in the J. Henry Survey, Abstract Number 529, Denton County, Texas, and located within the corporate limits of the Town of Trophy Club, Texas as more particularly described in Exhibit “A”, (hereinafter the “Property’) a copy of which is attached hereto and incorporated herein, have filed a petition to the Town of Trophy Club seeking the written consent of the Town Council to the annexation of the Property into the boundaries of Trophy Club Municipal Utility District No. 1 (hereinafter “MUD1”), a copy of the Landowner’s petition is attached hereto and incorporated herein as Exhibit “B”; and and WHEREAS, because the Property is located within the Town’s corporate limits, Section 54.016 of the Texas Water Code requires that MUD1 obtain the written consent of the Town prior to the annexation of the Property into MUD1; and WHEREAS, there is no work to be done by the District relative to water and wastewater infrastructure; however, the District will provide needed firefighting services to the Property; and WHEREAS, the cost of the proposed development of the Property is estimated at approximately $860,000; and WHEREAS, the Town Council of the Town of Trophy Club determines it appropriate to adopt this Resolution authorizing consent to the inclusion of the Property into MUD1. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the matters set forth in the preamble hereof are true and correct are hereby adopted. Section 2. That the Town Council of the Town of Trophy Club hereby finds that Landowner has complied with all legal requirements to request consent to Town Council Page 242 of 465 Meeting Date: Monday, April 21, 2014 annexation of the Property and hereby specifically gives its written consent, as required by Section 54.016 of the Texas Water Code, to the inclusion of the Property identified in Exhibit “A”, within MUD1 as requested in the Landowner’s Petition, Exhibit “B”. Section 3. That, this Resolution shall become effective from and after its date of passage in accordance with law. Passed and adopted by the Town Council of the Town of Trophy Club, Texas, this the 21st day of April, 2014. ____________________________________ Connie White, Mayor Town of Trophy Club, Texas ATTEST: APPROVED AS TO FORM: ____________________________________ ____________________________________ Tammy Ard, Town Secretary Patricia A. Adams, Town Attorney Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 243 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT “A” LEGAL DESCRIPTION 2.532 ACRES Town Council Page 244 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 245 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 246 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT “B” PETITION TO ANNEX CERTAIN LAND INTO TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 Town Council Page 247 of 465 Meeting Date: Monday, April 21, 2014 PETITION TO ANNEX CERTAIN LAND INTO TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO.1 STATE OF TEXAS § § COUNTY OF DENTON § TO THE HONORABLE MAYOR AND TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: The undersigned ("Petitioner") is the owner of title to land more particularly described in the attached Exhibit 1 (the "Property") which is located within Denton County, Texas. Acting pursuant to provisions of Chapter 54, Texas Water Code, the undersigned respectfully petitions the Town Council of the Town of Trophy Club, Texas for its written consent for the annexation of the Property into the Trophy Club Municipal District No . 1 (the "District") and would respectfully show the following: 1. The Property proposed to be included within the Trophy Club Municipal Utility District· No. 1 contains approximately 2.532 acres of land, more or less, situated in Denton County , Texas . The Property lies wholly within the incorporated limits of the Town of Trophy Club. II. Petitioner is the sole owner of the Property. III . The Property cunently receives water and wastewater service from the District through consent of the Town Council. A t the present time , the property does not receive fire services from the District and annexation would allow the District to provide this service. IV. For the following reasons, there is a necessity for the above-described work : the area proposed to be within the District is urban in nature, is within the Fort Worth/Dallas Metropolitan Complex . There is not presently available within the area fire fighting services . The health and welfare of the present and future users of the area and of territory adjacent thereto require fire services. A public necessity therefore exists for the annexation of the property into the District in order to provide for fire services to protect the public health and welfare of the community . Town Council Page 248 of 465 Meeting Date: Monday, April 21, 2014 PETITION TO ANNEX CERTAIN LAND INTO TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 STATE OF TEXAS COUNTY OF DENTON § TO THE HONORABLE MAYOR AND TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: The undersigned ("Petitioner") is the owner of title to land more particularly described in the attached Exhibit 1 (the "Property") which is located within Denton County, Texas. Acting pursuant to provisions of Chapter 54, Texas Water Code, the undersigned respectfully petitions the Town Council of the Town of Trophy Club, Texas for its written consent for the annexation of the Property into the Trophy Club Municipal District No. 1 (the "District") and would respectfully show the following: I. The Property proposed to be included within the Trophy Club Municipal Utility District • No. 1 contains approximately 2.532 acres of land, more or less, situated in Denton County, Texas. The Property lies wholly within the incorporated limits of the Town of Trophy Club. II. Petitioner is the sole owner of the Property. III. The Property currently receives water and wastewater service from the District through consent of the Town Council. A t the present time, the property does not receive fire services from the District and annexation would allow the District to provide this service. IV. For the following reasons, there is a necessity for the above-described work: the area proposed to be within the District is urban in nature, is within the Fort Worth/Dallas Metropolitan Complex. There is not presently available within the area fire fighting services. The health and welfare of the present and future users of the area and of territory adjacent thereto require fire services. A public necessity therefore exists for the annexation of the property into the District in order to provide for fire services to protect the public health and welfare of the community. Town Council Page 250 of 465 Meeting Date: Monday, April 21, 2014 Notary, State of Texas THEREFORE, the Petitioner respectfully requests consent to the annexation of the Property into the District. RESPECTFULLY SUBMITTED this 1 1 day of , 2014. TROPHY CLUB VILLAGE CENTRE, LLC, A Texas Limit iability o pany By: Name: ('‘eh y Title: anotj STATE OF TEXAS COUNTY OF DENTON § Before me, the undersigned authority, on this day personally appeared Rit ain tut re-- of ropk y CIO) V.I1Otyt c C_, known to me to be the person and offi cer whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed, as the act and deed of said and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of hn A ik c 4 2014. Seal ,,,,,•,,, DEENA KAY CORLEY 7=°> .....V1.1 Notary Public, State of Texas My Commission Expires N:4`. ,,,,, July 03, 2017 Town Council Page 251 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1109-T Name: Status:Type:Agenda Item Consent Agenda File created:In control:4/14/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding an agreement between the Town and Tarrant County for Tarrant County's participation in Reinvesment Zone No.1, Town of Trophy Club; and providing an effective date. Attachments:Staff Report - Agreement with Tarrant County to Participate in TIRZ #1.pdf Agreement with Tarrant County to Participate in TIRZ #1.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding an agreement between the Town and TarrantCounty for TarrantCounty's participation in Reinvesment Zone No.1, Town of Trophy Club; and providing an effective date. Town Council Page 253 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Stephen Seidel, Assistant Town Manager CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Agreement with Tarrant County to Participate TIRZ #1 Town Council Meeting, Monday, April 21, 2014 Agenda Item: Consider and take appropriate action regarding an agreement between the Town and Tarrant County for Tarrant County’s participation in Reinvestment Zone No. 1, Town of Trophy Club; and providing an effective date. Explanation: The Council approved Ordinance No. 2013-23 creating Tax Increment Reinvestment Zone No. 1 on August 19, 2013. The Town approached Tarrant County regarding their willingness to participate, and they verbally agreed to participate with certain parameters. Tarrant County drafts the Participation Agreement based upon those parameters, and provides it to the Town for consideration once the Commissioners Court has formally approved it. The Tarrant County Commissioners Court approved the Participation Agreement at their April 8, 2014 meeting. It was unanimously approved. Attachments: • Agreement with Tarrant County to Participate in TIRZ #1 Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Town Council Page 254 of 465 Meeting Date: Monday, April 21, 2014 Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends approval of the agreement between the Town and Tarrant County for Tarrant County’s participation in Reinvestment Zone No. 1, Town of Trophy Club. Town Council Page 255 of 465 Meeting Date: Monday, April 21, 2014 T o w n C o u n c i l P a g e 2 5 6 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 5 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 5 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 5 9 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 0 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 1 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 2 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 3 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 4 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 5 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 6 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 6 9 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 0 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 1 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 2 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 3 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 4 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 5 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 6 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 7 9 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 0 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 1 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 2 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 3 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 4 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 5 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 6 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 8 9 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 0 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 1 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 2 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 3 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 4 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 5 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 6 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 2 9 9 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 0 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 1 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 2 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 3 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 4 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 5 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 6 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 7 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 8 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 T o w n C o u n c i l P a g e 3 0 9 o f 4 6 5 M e e t i n g D a t e : M o n d a y , A p r i l 2 1 , 2 0 1 4 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1056-T Name: Status:Type:Agenda Item Public Hearing File created:In control:3/20/2014 Town Council On agenda:Final action:4/7/2014 Title:Conduct a Public Hearing to consider the advisability of the creation of Reinvestment Zone Number Two, Town of Trophy Club, Texas, for tax increment financing purposes, the proposed zone being located within the boundaries of the Town on approximately 45 acres and located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive and other matters related to the proposed Zone. Attachments: Action ByDate Action ResultVer. Conduct a Public Hearing to consider the advisability of the creation of Reinvestment Zone Number Two, Town of Trophy Club, Texas, for tax increment financing purposes, the proposed zone being located within the boundaries of the Townon approximately 45 acres and located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive and other matters related to the proposed Zone. Town Council Page 310 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1111-T Name: Status:Type:Agenda Item Public Hearing File created:In control:4/16/2014 Town Council On agenda:Final action:4/21/2014 Title:Conduct a Public Hearing to consider the advisability of the Drought Contingency Plan. Attachments: Action ByDate Action ResultVer. Conduct a Public Hearing to consider the advisability of the Drought Contingency Plan. Town Council Page 311 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1043-T Name: Status:Type:Agenda Item Regular Session File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding a Proclamation declaring Thursday, May 1st as Day of Prayer in Trophy Club. Attachments:PRO 2014-02 National Day of Prayer 2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Proclamation declaring Thursday, May 1st as Day of Prayer in Trophy Club. Town Council Page 312 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB, TEXAS PROCLAMATION NO. 2014-02 A PROCLAMATION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, TO RECOGNIZE MAY 1, 2014 AS THE DAY OF PRAYER IN TROPHY CLUB; RECOGNIZING THAT 2014 IS THE 63RD CONSECUTIVE ANNUAL OBSERVANCE OF THE NATIONAL DAY OF PRAYER; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, public prayer and national days of prayer have a long and significant history in American tradition dating back to the first call to prayer in 1775 when the Continental Congress asked the colonies to pray for wisdom in forming a nation; and WHEREAS, in 1952 the Congress of the United States by a joint resolution enacted legislation setting aside an annual day of prayer for the nation, and in 1988 this law was amended permanently setting the day as the first Thursday of every May; and WHEREAS, the National Day of Prayer enables us to recall and teach the way in which our forefathers sought the wisdom of God when faced with critical decisions, thus reaffirming the spiritual principles upon which this nation was founded; and WHEREAS, in these trying times, when the world is so unsettled and when many of our brave citizens and members of the military are far from home, making great sacrifices and defending freedom for those abroad and those here at home, we humbly ask God for their protection and pray for peace throughout the world; and WHEREAS, this year is the 63rd anniversary of the consecutive annual observance of the National Day of Prayer, and its theme being “One Voice, United in Prayer”, emphasizing the need for individuals, corporately and individually, to place their faith in the unfailing character of their Creator, who is sovereign over all governments, authorities, and humanity; and WHEREAS, on this day Americans across our nation and state will join in united prayer to acknowledge our dependence on God, to give Him thanks for blessings received, to request healing for wounds endured, and to seek His guidance for our leaders and His grace and protection upon us as a people and a nation; NOW, THEREFORE, I Connie White, in conjunction with the Town Council of the Town of Trophy Club, Texas by the Power vested in me as Mayor of Trophy Club, hereby proclaim Thursday, May 1, 2014, as a DAY OF PRAYER in Trophy Club to coincide with the NATIONAL DAY OF PRAYER and that this proclamation shall take effect from and after its date of passage, in accordance with law; and it is so proclaimed. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas this 21st day of April, 2014. _____________________________ _______________________________ Connie White, Mayor Tammy Ard, Town Secretary Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 313 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1095-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/12/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding a Proclamation declaring Saturday, April 26, 2014 as Arbor Day. Attachments:PRO 2014-03 Arbor Day Recognition 2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Proclamation declaring Saturday, April 26, 2014 as Arbor Day. Town Council Page 314 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB PROCLAMATION NO. 2014-03 A PROCLAMATION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, TO RECOGNIZE APRIL 26, 2014 AS ARBOR DAY; RECOGNIZING THAT 2014 IS THE 142ND ANNIVERSARY OF THE HOLIDAY OF ARBOR DAY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, in 1872, J. Sterling Morton proposed to the Nebraska Board of Agriculture that a special day be set aside for the planting of trees, and WHEREAS, this holiday, called Arbor Day, was first observed with the planting of more than a million trees in Nebraska, and WHEREAS, 2014 is the 142ND anniversary of the holiday and Arbor Day is now observed throughout the nation and the world, and WHEREAS, trees can reduce the erosion of our precious topsoil by wind and water, cut heating and cooling costs, moderate the temperature, clean the air, produce life-giving oxygen, and provide habitat for wildlife, and WHEREAS, trees are a renewable resource giving us paper, wood for our homes, fuel for our fires, and beautify our community, and WHEREAS , trees, wherever they are planted, are a source of joy and spiritual renewal. NOW THEREFORE, BE IT PROCLAIMED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. In the Town of Trophy Club, the Mayor and Council urge all citizens to celebrate Arbor Day and to support efforts to protect our trees and woodlands, and Section 2. The Mayor and Council urge all citizens to plant trees to gladden the heart and promote the well-being of this and future generations. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this the 26TH day of April, 2014. _______________________________ ________________________________ Connie White, Mayor Tammy Ard, Town Secretary Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 315 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1044-T Name: Status:Type:Agenda Item Regular Session File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Annual Award Presentation to the Police Department; and discussion of the same. Attachments:Staff Report - Annual Police Awards Presentation.pdf Action ByDate Action ResultVer. Annual Award Presentation to the Police Department; and discussion of the same. Town Council Page 316 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Chief Kniffen CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Annual Police Awards Presentation Town Council Meeting, Monday, April 21, 2014 Agenda Item: Annual Award Presentation to the Police Department; and discussion of the same. Explanation: This is the annual awards presentation in which the Police Department recognizes officers who will receive commendations and/or awards for specific activities during 2013. Attachments: None Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Town Council Page 317 of 465 Meeting Date: Monday, April 21, 2014 Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: No action required. Town Council Page 318 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1048-T Name: Status:Type:Agenda Item Regular Session File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Receive the Mayor's State of the Town Address; discussion of same. Attachments: Action ByDate Action ResultVer. Receive the Mayor's State of the Town Address; discussion of same. Town Council Page 319 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1031-T Name: Status:Type:Agenda Item Regular Session File created:In control:3/20/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding an Ordinance of the Town designating a certain contiguous geographic area in the Town, approximately 45 acres located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive, as “Reinvestment Zone Number Two, Town of Trophy Club, Texas”; creating a Board of Directors for the Zone; providing effective and termination dates for the Zone; establishing a Tax Increment Fund for the Zone; containing other matters related to the Zone; and providing an effective date. Attachments:Staff Report - TIRZ #2 Creation Ordinance - April 21 2014.pdf ORD 2014-09 Creation Ordinance for TIRZ #2 4-21-2014.pdf TIRZ #2 Boundary.pdf Public Hearing Notice TIRZ #2 for 4-21-2014.pdf TIRZ #2 Preliminary Project and Financing Plan 4-3-2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding an Ordinance of the Town designating a certain contiguous geographic area in the Town, approximately 45 acres located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive, as “Reinvestment Zone Number Two, Town of Trophy Club, Texas”; creating a Board of Directors for the Zone; providing effective and termination dates for the Zone; establishing a Tax Increment Fund for the Zone; containing other matters related to the Zone; and providing an effective date. Town Council Page 320 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Stephen Seidel, Assistant Town Manager CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: TIRZ #2 Creation Ordinance Town Council Meeting, Monday, April 21, 2014 Agenda Item: Consider and take appropriate action regarding an Ordinance of the Town designating a certain contiguous geographic area in the Town, approximately 45 acres located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive, as “Reinvestment Zone Number Two, Town of Trophy Club, Texas”; creating a Board of Directors for the Zone; providing effective and termination dates for the Zone; establishing a Tax Increment Fund for the Zone; containing other matters related to the Zone; and providing an effective date. Explanation: TIRZ #2 is approximately 45 acres and includes several property parcels which include the large 26 acre parcel (PD-30), approximately 1.5 acres located between 7-11 and First Financial Bank (PD-13), 300 Trophy Club Drive (office building), municipal facilities property, and portions of Indian Creek, Trophy Club Drive, and Municipal Drive. The majority of the property contained within the proposed TIRZ is undeveloped land. The required Public Hearing notice was printed on Friday, March 28, 2014 in the Star-Telegram. TIRZ projects will be based upon reimbursement created by incremental value generated by new development. The Town has proposed terms which include a 60-40 ad valorem split and $0.25 of the $1.00 General Fund sales tax. These terms match what was adopted for TIRZ #1. Eligible TIRZ projects include items such as water and sewer improvements, storm drainage improvements, streets and intersections, parks and recreation improvements, financing and administrative costs, and economic development grants. Staff met with Denton County last week to formally discuss their participation. At this time, they are likely to participate, but they will exclude financial participation for public buildings and facilities. The MUD will be offered the opportunity to participate, and will receive a presentation by David Pettit at their April 22, 2014 Board meeting. Town Council Page 321 of 465 Meeting Date: Monday, April 21, 2014 The attached Preliminary Project and Financing Plan will be discussed by the Town’s TIRZ consultant, David Pettit. The TIRZ#2 Board will need to approve the Preliminary Plan prior to Council taking official action tentatively scheduled for May 5. The Town Council will consider appointing the required TIRZ Board in a separate agenda item. Attachments: • Ordinance 2014-09 • TIRZ #2 Boundary Map • Public Hearing Notice • Preliminary Project and Financing Plan Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Town Council Page 322 of 465 Meeting Date: Monday, April 21, 2014 Recommendation: Staff recommends approval of the ordinance designating a certain contiguous geographic area in the Town as “Reinvestment Zone Number Two, Town of Trophy Club, Texas”; creating a Board of Directors for the Zone; providing effective and termination dates for the Zone; establishing a Tax Increment Fund for the Zone. Town Council Page 323 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. 2014-09 AN ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS DESIGNATING A CERTAIN CONTIGUOUS GEOGRAPHIC AREA IN THE TOWN OF TROPHY CLUB AS "REINVESTMENT ZONE NUMBER TWO, TOWN OF TROPHY CLUB, TEXAS"; CREATING A BOARD OF DIRECTORS FOR THE ZONE; PROVIDING THE EFFECTIVE AND TERMINATION DATES FOR THE ZONE; ESTABLISHING A TAX INCREMENT FUND FOR THE ZONE; CONTAINING OTHER MATTERS RELATED TO THE ZONE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town Council desires to promote the development of a certain contiguous geographic area in the Town, which is more specifically described in Exhibit "A" of this Ordinance (the "Zone"), through the creation of a new reinvestment zone as authorized by and in accordance with the Tax Increment Financing Act, Texas Tax Code, Chapter 311; and WHEREAS, the Town has prepared a preliminary financing plan for the Zone, as required by Texas Tax Code, Section 311.003(b); and WHEREAS, on April 21, 2014, the Town Council held a public hearing regarding the creation of the Zone and its benefits to the Town and to property in the Zone and afforded a reasonable opportunity for (i) all interested persons to speak for or against the creation of the Zone, its boundaries or the concept of tax increment financing and (ii) owners of real property in the Zone to protest inclusion of their property in the Zone, as required by Texas Tax Code, Sections 311.003(c) and (d); and WHEREAS, no owner of real property in the proposed zone protested the inclusion of their property in the proposed zone; and WHEREAS, notice of the public hearing was published in a newspaper of general circulation in the Town on April 11, 2014, which satisfies the requirement of Texas Tax Code, Section 311.003(c) that publication of the notice occur not later than the seventh day before the date of the public hearing; and WHEREAS, the Town has provided all information and made all presentations, given all notices and done all other actions required by Chapter 311, Texas Tax Code, or other law as a condition to the creation of the proposed zone; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: SECTION 1. Findings. (a) That the facts and recitations contained in the preamble of this Ordinance are hereby found and declared to be true and correct and are adopted as part of this Ordinance for all purposes. Town Council Page 324 of 465 Meeting Date: Monday, April 21, 2014 (b) That the Town Council further finds and declares that the proposed improvements in the zone will significantly enhance the value of all the taxable real property in the proposed zone and will be of general benefit to the Town. (c) Area within the Zone meets the criteria for designation of a reinvestment zone and satisfies the requirement of Section 311.005, Texas Tax Code, to-wit: (A) includes land that substantially arrests or impairs the sound growth of the Town, retards the provision of housing accommodations, or constitutes an economic or social liability and be a menace to the public health, safety, morals, or welfare in its present condition and use because of the presence of: (i) the predominance of defective or inadequate sidewalk or street layout; (ii) faulty lot layout in relation to size, adequacy, accessibility, or usefulness; and (iii) the deterioration of site or other improvements; and (B) is predominantly open or undeveloped and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs or arrests the sound growth of the municipality or county. (d) That the Town Council, pursuant to the requirements of Chapter 311, Texas Tax Code, further finds and declares: (1) That the proposed zone is a contiguous geographic area located wholly within the corporate limits of the Town of Trophy Club; (2) That the total appraised value of taxable real property in the proposed zone and in existing reinvestment zones does not exceed fifty percent of the total appraised value of taxable real property in the Town; (3) That thirty percent or less of the property in the Zone, excluding property dedicated to public use, is used for residential purposes (defined as any property occupied by a house have fewer than five living units); and (4) That the development or redevelopment of the property in the proposed zone will not occur solely through private investment in the reasonably foreseeable future. SECTION 2. Designation of Zone. That the Town Council hereby designates the Zone described in the boundary description and depicted in the map, both attached hereto as Exhibit “A” and made a part of this Ordinance for all purposes, as a reinvestment zone pursuant to and in accordance with Chapter 311, Texas Tax Code. This reinvestment zone shall be known as “Reinvestment Zone Number Two, Town of Trophy Club, Texas.” SECTION 3. Zone Board of Directors. That a board of directors for the Zone (“Board”) is hereby created. The Board shall consist of five (5) members who shall serve for staggered terms of two (2) years each with two (2) members having an initial term of one (1) year each. Of these five (5) members, each taxing unit other than the Town that contributes incremental taxes to the TIF Fund may, but is not required to, appoint one (1) member to the Board. After each Town Council Page 325 of 465 Meeting Date: Monday, April 21, 2014 taxing unit other than the Town designates to the Town either the name of the member that the taxing unit wishes to appoint or the fact that the taxing unit wishes to waive its right to appoint a member, the Town Council shall appoint whatever number of members are necessary to fill the remaining positions on the Board. The Town Council shall appoint a chairman of the Board and the Board may elect a vice chairman and such other officers as the Board sees fit. The Board shall make recommendations to the Town Council concerning the administration, management and operation of the Zone. The Board shall prepare and adopt a project plan and a reinvestment zone financing plan for the Zone and submit such plans to the Town Council for its approval. The Board shall perform all duties imposed upon it by Chapter 311, Texas Tax Code and all other applicable laws. Notwithstanding anything to the contrary herein, the Board shall not be authorized to (i) issue bonds; (ii) impose taxes or fees; (iii) exercise the power of eminent domain; or (iv) give final approval to the Zone’s project plan and financing plan. SECTION 4. Term of Zone. That the Zone shall take effect upon the adoption of this Ordinance and terminate on the earlier of (i) December 31, 2046 or an earlier termination date designated by an ordinance adopted after the effective date of this Ordinance or (ii) the date on which all project costs, tax increment bonds and interest on those bonds have been paid in full. SECTION 5. Determination of Tax Increment Base. That the tax increment base for the Zone, as defined by Section 311.012(c), Texas Tax Code, shall be the total appraised value of all real property in the Zone taxable by a taxing unit for the year 2014, which is the year in which the Zone was designated as a reinvestment zone. SECTION 6. Tax Increment Fund. That a tax increment fund for the Zone (the “TIF Fund”) is hereby established. The TIF Fund may be divided into additional accounts and sub-accounts authorized by resolution or ordinance of the Town Council. The TIF Fund shall consist of (i) the percentage of the tax increment, as defined by Section 311.012(a), Texas Tax Code, that each taxing unit which levies real property taxes in the Zone, other than the Town, has elected to dedicate to the TIF Fund under an agreement with the Town authorized by Section 311.013(f), Texas Tax Code, plus (ii) sixty percent (60%) of the Town’s portion of the tax increment, as defined by section 311.012(a), Texas Tax Code, subject to any binding agreement executed at any time by the Town that pledges a portion of such tax increment or an amount of other legally available funds whose calculation is based on receipt of any portion of such tax increment and (iii) twenty-five percent (25%) of the Town’s one percent (1%) general sales tax rate, as defined by section 311.0123(b), generated from taxable sales within the Zone above the sale tax base. The TIF Fund shall be maintained in an account at the depository bank of the Town and shall be secured in the manner prescribed by law for Texas cities. In addition, all revenues from (i) the sale of any obligations hereafter issued by the Town and secured in whole or in part from the tax increments; (ii) the sale of any property acquired as part Town Council Page 326 of 465 Meeting Date: Monday, April 21, 2014 of a tax increment financing plan adopted by the Board; and (iii) other revenues dedicated to and used in the Zone shall be deposited into the TIF Fund. Prior to the termination of the Zone, money shall be disbursed from the Tax Increment Fund only to pay project costs, as defined by the Texas Tax Code, for the Zone, to satisfy the claims of holders of tax increments bonds or notes issued for the Zone, or to pay obligations incurred pursuant to agreements entered into to implement the project plan and reinvestment zone financing plan and achieve their purpose pursuant to Section 311.010(b), Texas Tax Code. SECTION 7. Tax Increment Agreements. That, pursuant to Sections 311.008 and 311.013, Texas Tax Code, the Mayor and Town Attorney are hereby authorized to execute and deliver, for and on behalf of the Town, tax increment agreements with taxing units that levy real property taxes in the Zone. SECTION 8. Severability. That if any portion, section or part of a section of this Ordinance is subsequently declared invalid, inoperative or void for any reason by a court of competent jurisdiction, the remaining portions, sections or parts of sections of this Ordinance shall be and remain in full force and effect and shall not in any way be impaired or affected by such decision, opinion or judgment. SECTION 9. Open Meetings. It is hereby found, determined and declared that a sufficient written notice of the date, hour, place and subject of the meeting of the Town Council at which this Ordinance was adopted was posted at a place convenient and readily accessible at all times to the general public at the Town Hall of the Town for the time required by law preceding its meeting, as required by the Open Meetings Law, Texas Government Code, Chapter. 551, and that this meeting has been open to the public as required by law at all times during which this Ordinance and the subject matter hereof has been discussed, considered and formally acted upon. The Town Council further ratifies, approves and confirms such written notice and the contents and posting thereof. SECTION 10. Notices. The contents of the notice of the public hearing, which hearing was held before the Town Council on April 21, 2014, and the publication of said notice, are hereby ratified, approved and confirmed. SECTION 11. Engrossment and Enrollment. The Town Secretary of the Town of Trophy Club is hereby directed to engross and enroll this Ordinance in accordance with the Town Charter. Town Council Page 327 of 465 Meeting Date: Monday, April 21, 2014 SECTION 12. Effective Date. That this Ordinance shall take effect and be in full force and effect from and after its adoption. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this the 21st day of April, 2014. _________________________________________ Mayor, Connie White Town of Trophy Club, Texas ATTEST: APPROVED AS TO FORM: ___________________________________ _________________________________________ Town Secretary, Tammy Ard Town Attorney, Patricia A. Adams Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 328 of 465 Meeting Date: Monday, April 21, 2014 Exhibit “A” Boundary Description Beginning at the intersection of the northern Right-of-Way (ROW) line of State Highway 114 and the eastern property line of Abstract 823 C. Medlin Survey, Tract 22, thence West along the northern ROW line of State Highway 114, to a point where said line intersects with the western ROW line of Trophy Club Drive, thence North along the western ROW line of Trophy Club Drive, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Northwest along the western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3,v to a point where said line intersects with the northern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Northeastward along the northern property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, to a point where said line intersects with the eastern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Southeast along the eastern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, to a point where said line intersects with the western ROW line of Trophy Club Drive, thence Northeastward along the western ROW line of Trophy Club Drive, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, Municipal Utility District NO. 1 Complex (MUD Complex), Block 1, Lot 1, thence West along the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 1, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, thence West along the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, thence North along the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, thence North along the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, to a point where said line intersects with the northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, thence East along the northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, to a point where said line intersects with the northern ROW Line of Municipal Drive, thence East along the northern property line of northern ROW Line of Municipal Drive, to a point where said line intersects with the western ROW line of Trophy Club Drive, thence North along the western ROW line of Trophy Club Drive to a point where said line intersects with the projection of the northern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence East along the northern property line of Abstract 823 C. Medlin Survey, Tract 1A, to a point where said line intersects with the eastern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence South along the eastern property line of Abstract 823 C. Medlin Survey, Tract 1A, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence West along the southern property line of Abstract 823 C. Medlin Survey, Tract 1A to a point where said line intersects with the eastern ROW line of Trophy Club Drive, thence Town Council Page 329 of 465 Meeting Date: Monday, April 21, 2014 South along the eastern ROW line of Trophy Club Drive to a point where said line intersects with the eastern ROW line of Indian Creek Drive, thence Southeastward along the eastern ROW line of Indian Creek Drive to a point where said line intersects with the project ion of the eastern property line of Abstract 823 C. Medlin Survey, Tract 22, thence South along the eastern property line of Abstract 823 C. Medlin Survey, Tract 22 to a point where said line intersects with the northern ROW line of State Highway 114, which is the point of beginning. Town Council Page 330 of 465 Meeting Date: Monday, April 21, 2014 Exhibit “A” Map Town Council Page 331 of 465 Meeting Date: Monday, April 21, 2014 Town Council Page 332 of 465 Meeting Date: Monday, April 21, 2014 Public Hearing Notice NOTICE OF PUBLIC HEARING OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB TO CONSIDER THE ADVISABILITY OF THE CREATION OF REINVESTMENT ZONE NUMBER TWO, TOWN OF TROPHY CLUB, TEXAS FOR TAX INCREMENT FINANCING PURPOSES PURSUANT TO CHAPTER 311, TEXAS TAX CODE NOTICE IS HEREBY GIVEN THAT the Town Council of the Town of Trophy Club, Texas (the “Town”), pursuant to Chapter 311.003 Local Government Code, as amended, (the “Act”), will hold a public hearing at 7:00 p.m. on Monday, April 21, 2014, at the Svore Municipal Building located at 100 Municipal Drive, Trophy Club, Texas 76262, for the purpose of considering the establishment of Reinvestment Zone Number Two located within the boundaries of the Town. All persons are invited to attend the hearing and speak for or against the creation of Reinvestment Zone Number Two, the proposed boundary, or the concept of tax increment financing. Owners of property in the proposed Zone may protest orally or in writing the inclusion of their property in the Zone. The Tax increment Reinvestment Zone would include the property as depicted below. The legal description of the Reinvestment Zone and a copy of the boundary map is on file and open for public inspection in the office of the Town Secretary at the address stated above. Questions or requests for additional information may be directed to David Pettit, David Pettit Economic Development, LLC, dpettit@dpedllc.com; 817-439-9515. Boundaries: Reinvestment Zone Number Two, Town of Trophy Club, Texas The Town of Trophy Club Tax Increment Reinvestment Zone (TIRZ) #2 is approximately 45 acres and is located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive. A full description of the boundaries of the proposed Reinvestment Zone Number Two, Town of Trophy Club, Texas is available at the Svore Municipal Building located at 100 Municipal Drive, Trophy Club, Texas 76262. Town Council Page 333 of 465 Meeting Date: Monday, April 21, 2014 Tax Increment Reinvestment Zone #2 Town of Trophy Club, Texas PRELIMINARY PROJECT AND FINANCING PLAN Town Council Page 334 of 465 Meeting Date: Monday, April 21, 2014 DISCLAIMER Our conclusions and recommendations are based on current market conditions and the expected performance of the national, and/or local economy and real estate market. Given that economic conditions can change and real estate markets are cyclical, it is critical to monitor the economy and real estate market continuously, and to revisit key project assumptions periodically to ensure that they are still justified. The future is difficult to predict, particularly given that the economy and housing markets can be cyclical, as well as subject to changing consumer and market psychology. There will usually be differences between projected and actual results because events and circumstances frequently do not occur as expected, and the differences may be material. 1 3 2 4 5 Table of Contents Introduction TIRZ Boundary Current Conditions & Ownership Project Plan Anticipated Development 6 7 8 Financial Feasibility Analysis Terms and Conditions Exhibit A 1 2 6 3 7 8 29 30 Preliminary Project and Financing Plan, TIRZ #2Town Council Page 335 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 1 Introduction Tax Increment Reinvestment Zone #2, Town of Trophy Club The Town of Trophy Club Tax Increment Reinvestment Zone (TIRZ) #2 is approximately 45 acres and is located in the south central portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Club Drive. The majority of the land within the TIRZ is currently vacant. Exceptions include the small office space at the corner of Trophy Club Drive and Indian Creek Drive and the current municipal complex The goal of the TIRZ is to facilitate the development of the currently vacant land with retail, office, residential, municipal and hospitality uses, while creating a unique cohesive development that builds on the high developments standards already established within the Town. The TIRZ will support these developments through the contribution of 60% of the Town’s real property increment, and 25% of the Town’s $0.01 general fund sales tax generated within the zone. Additionally, it is proposed that Denton County and the Municipal Utility District (MUD) would contribute 60% of its revenue to the TIRZ fund. Without the implementation of the TIRZ, the delineated property would continue to impair the sound growth of the municipality. Custom Map July 23, 2013 Made with Esri Business Analyst ©2013 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 1 of 1 Source: Esri, DigitalGlobe, GeoEye, i-cubed, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community Town Council Page 336 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 2 TIRZ Boundary TIRZ Boundary Description Beginning at the intersection of the northern Right-of-Way (ROW) line of State Highway 114 and the eastern property line of Abstract 823 C. Medlin Survey, Tract 22, thence West along the northern ROW line of State Highway 114, to a point where said line intersects with the western ROW line of Trophy Club Drive, thence North along the western ROW line of Trophy Club Drive, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Northwest along the western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3,v to a point where said line intersects with the northern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Northeastward along the northern property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, to a point where said line intersects with the eastern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, thence Southeast along the eastern boundary of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3, to a point where said line intersects with the western ROW line of Trophy Club Drive, thence Northeastward along the western ROW line of Trophy Club Drive, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, Municipal Utility District NO. 1 Complex (MUD Complex), Block 1, Lot 1, thence West along the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 1, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, thence West along the southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, thence North along the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2, to a point where said line intersects with the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, thence North along the western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, to a point where said line intersects with the northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, thence East along the northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3, to a point where said line intersects with the northern ROW Line of Municipal Drive, thence East along the northern property line of northern ROW Line of Municipal Drive , to a point where said line intersects with the western ROW line of Trophy Club Drive, thence North along the western ROW line of Trophy Club Drive to a point where said line intersects with the projection of the northern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence East along the northern property line of Abstract 823 C. Medlin Survey, Tract 1A, to a point where said line intersects with the eastern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence South along the eastern property line of Abstract 823 C. Medlin Survey, Tract 1A, to a point where said line intersects with the southern property line of Abstract 823 C. Medlin Survey, Tract 1A, thence West along the southern property line of Abstract 823 C. Medlin Survey, Tract 1A to a point where said line intersects with the eastern ROW line of Trophy Club Drive, thence South along the eastern ROW line of Trophy Club Drive to a point where said line intersects with the eastern ROW line of Indian Creek Drive, thence Southeastward along the eastern ROW line of Indian Creek Drive to a point where said line intersects with the project ion of the eastern property line of Abstract 823 C. Medlin Survey, Tract 22, thence South along the eastern property line of Abstract 823 C. Medlin Survey, Tract 22 to a point where said line intersects with the northern ROW line of State Highway 114, which is the point of beginning. Town Hall HWY 1 1 4 TROP H Y C L U B D R I N D I A N C R E E K D R HOGAN S D R SUNSE T D R WILS H I R E D R C Y P R E S S C T C A R N O U S T I E D R H A Y E S C T L E E C T BERKS H I R E C T LA K E F O R E S T C T S P Y G L A S S C T P O R T L A N D D R WE S T L A K E P K W Y COLO N I A L C T H A M P E R C T MUNICIPAL DR SUMMI T C O V E BROO K H O L L O W L N M I C H E L L E C T C E N T U R Y C T ST A N D R E W S C T TR O O N C T HWY 1 1 4 TROP H Y C L U B D R HWY 1 1 4 Eastern property line of Abstract 823 C. Medlin Survey, Tract 22 Northern Right-of-Way (ROW) line of State Highway 114 and the eastern property line of Abstract 823 C. Medlin Survey, Tract 22 Northern ROW Line of State Highway 114 Western ROW Line of Trophy Club Drive Western property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3 Northern property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3 Eastern property line of Abstract 823 C. Medlin Survey, The Village at Trophy Club, Lot 3 Western ROW Line of Trophy Club Drive Southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 1Southern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2 Western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 2 Western property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3 Northern property line of Abstract 823 C. Medlin Survey, MUD Complex, Block 1, Lot 3 Northern ROW Line of Municipal Drive Northern property line of Abstract 823 C. Medlin Survey, Tract 1A Eastern property line of Abstract 823 C. Medlin Survey, Tract 1A Southern property line of Abstract 823 C. Medlin Survey, Tract 1A Eastern ROW Line of Trophy Club Drive Eastern ROW Line of Indian Creek Drive Town Council Page 337 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 3 Current Conditions Land Use The majority of the land within the TIRZ is currently vacant. The one exception is the small office space at the corner of Trophy Club Drive and Indian Creek Drive. Method of Relocating Persons to be Displaced The majority of the land is currently vacant undeveloped land and it is not anticipated that any persons will be displaced or need to be relocated as result of implementing the TIRZ. Looking south with SH-114 in the background Looking west with SH-114 on the left Looking north with SH-114 in the foreground Looking east with SH-114 on the right Town Council Page 338 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 4 Current Conditions Zoning The TIRZ property is to be an area with a mixture of moderately intense uses that are developed over an identifiable core. Buildings are close to and oriented toward the street. There is a connected street pattern, shared parking, and pedestrian amenities As new development is advanced it is likely that the current zoning will be change to accommodate the development. It is not anticipated that there will be any changes to the building code or other municipal ordinances at this time. Town Council Page 339 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 5 Current Conditions Current Ownership Information There are a three different property owners throughout the TIRZ, but the majority of land is owned by JSB Properties LP and Trophy Club Municipal. The TIRZ has a 2013 taxable base value of $5,589,082 and a sales tax base of $0.00. For a full list of parcels included within the TIRZ see Exhibit A. 65145017510020000 65019643010020700 65019643010020400 65145017510030000 HWY 1 1 4 TROP H Y C L U B D R I N D I A N C R E E K D R HOGAN S D R SUNSE T D R WILS H I R E D R C Y P R E S S C T C A R N O U S T I E D R H A Y E S C T L E E C T BERKS H I R E C T LA K E F O R E S T C T S P Y G L A S S C T P O R T L A N D D R WE S T L A K E P K W Y COLO N I A L C T H A M P E R C T MUNICIPAL DR SUMMI T C O V E PRECI N C T L I N E R D BROO K H O L L O W L N M I C H E L L E C T C E N T U R Y C T ST A N D R E W S C T BROOK H O L L O W C T TR O O N C T HWY 1 1 4 TROP H Y C L U B D R HWY 1 1 4 151108 171494 171495 68347 171493335141 35140 35139 185201 Town Council Page 340 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 6 Project Plan Project Costs of the Zone There are a number of improvements within Tax Increment Reinvestment Zone #2 that will be financed by in part by incremental real property and sales tax generated within the TIRZ. The costs illustrated in the table above are estimates and may be revised. Savings from one line item may be applied to a cost increase in another line item. It is estimated that project costs obligations will arise with new developments and will be reimbursed by the TIRZ on a pay as you go basis. TIRZ Project Costs Amount Water Facilities and Improvements 6,500,000$ Sanitary Sewer Facilities and Improvements 5,000,000$ Storm Water Facilities and Improvements 4,500,000$ Street and Intersection Improvements 9,000,000$ Open Space, Park and Recreation Facilities and Improvements 5,000,000$ Economic Development Grants 3,500,000$ Project Financing Costs 500,000$ Administrative Costs 200,000$ Total 34,200,000$ Town Council Page 341 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 7 Anticipated Development Anticipated Development There are several projects anticipated to be developed within TIRZ #2 including restaurants, office space, hospitality and residential. The map to the left provides an overview of potential developments that we believe will occur during the life of the TIRZ along with estimated dates of when the incremental revenue will flow into the TIRZ fund. Site plans on the map to the left should be considered conceptual drafts at this point and may not accurately portray the final developments. Town Council Page 342 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 8 Financial Feasibility Analysis Method of Financing To fund the public improvements outlined on the previous pages, it is anticipated that the Town of Trophy Club will contribute 60% of its incremental real property tax revenue and 25% of its $0.01 General Fund Sales Tax to the TIRZ Fund. Additionally, it is proposed that Denton County and the Municipal Utility District (MUD) would contribute 60% of its revenue to the TIRZ fund. Town of Trophy Club TIRZ #2 Participation Overview TIRZ Participation Overview Ad Valorem Tax Rate Participation %Participation Rate Trophy Club 0.5185430 60.00%0.3111258 Northwest ISD 1.3750000 0.00%0.0000000 Denton County 0.2828670 60.00%0.1697202 Trophy CLUB MUD 1 0.1333900 0.00%0.0000000 Total 2.3098000 0.4808460 Sales Tax Rate Participation %Participation Rate Town of Trophy Club General Fund 1.00%25.00%0.25% EDC 0.50%0.00%0.00% Crime Control 0.50%0.00%0.00% Street Maintenance 0.50%0.00%0.00% Total 2.00%0.25% Debt Service It is not anticipated at this time that the TIRZ will incur any bonded indebtedness. Economic Feasibility Study A taxable value analysis was developed as part of the preliminary project and financing plan to determine the economic feasibility of the project. The study examined the expected tax revenue the TIRZ would receive based on the previously outlined developments. A summary overview of the anticipated development square footages, the anticipated sales per square foot and the anticipated taxable value per square foot can be found to the right. The following pages show the estimated captured appraised value of the zone during each year of its existence and the net benefits of the zone to each of the local taxing jurisdictions. Utilizing the information outlined in this feasibility study, we have found that the TIRZ is economically feasible and will provide the Town with economic benefits that would not occur without its implementation. Anticipated Revenue Summary Based upon the assumptions above, the anticipated gross revenue of TIRZ #2 over its 32 year life is shown below. • Total Sales Tax Revenue $4,011,977 • Total Ad Valorem $30,179,796 • Total Revenue $34,191,773 TIF #2 Mixed Use Development Overview by Block Block Use Square Feet/Units Appraised Value PSF/Unit Estimated Appraised Value First Year of Tax Revenue A Retail 38,300 300$ 11,490,000$ 2017 B Retail 78,162 300$ 23,448,600$ 2017 B Multifamily 250 80,000$ 20,000,000$ 2017 C Office 160,000 200$ 32,000,000$ 2018 D Retail 17,054 300$ 5,116,200$ 2019 F Retail 23,700 300$ 7,110,000$ 2019 F Office 12,000 200$ 2,400,000$ 2019 G Office 40,000 200$ 8,000,000$ 2019 H Hotel 200 90,000$ 18,000,000$ 2019 H Retail 13,765 300$ 4,129,500$ 2020 I Brownstones 30 200,000$ 6,000,000$ 2017 H Office 100,000 200$ 20,000,000$ 2020 Total 157,694,300$ Town Council Page 343 of 465 Meeting Date: Monday, April 21, 2014 TAXABLE BASE YEAR GROWTH 2.00% DISCOUNT RATE 6.00% Sales Tax Participation Trophy Club 0.4993000 60% 0.2995800 Trophy Club 0.4993000 0% 0.0000000 Northwest ISD 1.4525000 0% 0.0000000 Northwest ISD 1.4525000 0% 0.0000000 Denton County 0.2849140 60% 0.1709484 Denton County 0.2849140 0% 0.0000000 Trophy CLUB MUD 1 0.1333900 60% 0.0800340 Trophy CLUB MUD 1 0.1333900 0% 0.0000000 2.3701040 0.5505624 2.3701040 0.0000000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 REVENUE YEAR 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 TOTALS BASE YEAR Trophy Club 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Northwest ISD 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Denton County 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Trophy CLUB MUD 1 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 TAXABLE VALUE Trophy Club 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Northwest ISD 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Denton County 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Trophy CLUB MUD 1 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 TAXABLE VALUE INCREMENT Trophy Club 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Northwest ISD 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Denton County 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Trophy CLUB MUD 1 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 REVENUE A TAXABLE VALUE GROWTH OF EXISTING PROPERTIES Trophy Club 335 676 1,025 1,380 1,743 2,112 2,490 2,874 3,267 3,667 4,075 4,491 4,916 5,349 5,791 6,242 6,702 7,170 7,649 8,137 8,634 9,142 9,659 10,188 10,726 11,276 11,836 12,408 12,991 13,585 14,192 14,811 219,537 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 191 386 585 788 994 1,205 1,421 1,640 1,864 2,092 2,325 2,563 2,805 3,052 3,305 3,562 3,824 4,092 4,365 4,643 4,927 5,217 5,512 5,813 6,121 6,434 6,754 7,080 7,413 7,752 8,098 8,451 125,274 Denton County Trophy CLUB MUD 1 89 181 274 369 466 564 665 768 873 980 1,089 1,200 1,313 1,429 1,547 1,668 1,790 1,916 2,043 2,174 2,307 2,442 2,581 2,722 2,866 3,012 3,162 3,315 3,470 3,629 3,791 3,957 58,650 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL A 122,143 615 1,243 1,883 2,537 3,203 3,882 4,575 5,282 6,003 6,739 7,489 8,254 9,035 9,831 10,643 11,471 12,316 13,178 14,057 14,953 15,868 16,801 17,752 18,722 19,712 20,722 21,752 22,802 23,874 24,967 26,081 27,219 403,461 REVENUE #1 - BLOCK A REAL PROPERTY TAX 0 0 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 BUSINESS PERSONAL PROPERTY 0 0 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 Trophy Club 0 0 17,211 34,422 35,110 35,812 36,529 37,259 38,004 38,764 39,540 40,331 41,137 41,960 42,799 43,655 44,528 45,419 46,327 47,254 48,199 49,163 50,146 51,149 52,172 53,215 54,280 55,365 56,473 57,602 58,754 59,929 1,352,507 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 9,821 19,642 20,035 20,436 20,844 21,261 21,686 22,120 22,562 23,014 23,474 23,943 24,422 24,911 25,409 25,917 26,436 26,964 27,504 28,054 28,615 29,187 29,771 30,366 30,973 31,593 32,225 32,869 33,527 34,197 771,777 Denton County Trophy CLUB MUD 1 0 0 4,598 9,196 9,380 9,567 9,759 9,954 10,153 10,356 10,563 10,774 10,990 11,210 11,434 11,663 11,896 12,134 12,376 12,624 12,876 13,134 13,397 13,665 13,938 14,217 14,501 14,791 15,087 15,389 15,696 16,010 361,328 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #1 919,212 0 0 31,630 63,260 64,525 65,815 67,132 68,474 69,844 71,241 72,665 74,119 75,601 77,113 78,655 80,228 81,833 83,470 85,139 86,842 88,579 90,350 92,157 94,000 95,880 97,798 99,754 101,749 103,784 105,860 107,977 110,137 2,485,612 REVENUE #2 - BLOCK B + I REAL PROPERTY TAX 0 0 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 BUSINESS PERSONAL PROPERTY 0 0 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 Trophy Club 0 0 74,069 111,104 148,138 151,101 154,123 157,205 160,349 163,556 166,828 170,164 173,567 177,039 180,580 184,191 187,875 191,632 195,465 199,374 203,362 207,429 211,578 215,809 220,125 224,528 229,019 233,599 238,271 243,036 247,897 252,855 5,673,869 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 42,266 63,399 84,532 86,222 87,947 89,706 91,500 93,330 95,196 97,100 99,042 101,023 103,044 105,104 107,206 109,351 111,538 113,768 116,044 118,365 120,732 123,147 125,609 128,122 130,684 133,298 135,964 138,683 141,457 144,286 3,237,662 Denton County Trophy CLUB MUD 1 0 0 19,788 29,682 39,576 40,367 41,175 41,998 42,838 43,695 44,569 45,460 46,369 47,297 48,243 49,207 50,192 51,195 52,219 53,264 54,329 55,416 56,524 57,654 58,807 59,984 61,183 62,407 63,655 64,928 66,227 67,551 1,515,797 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #2 3,830,930 0 0 136,123 204,184 272,245 277,690 283,244 288,909 294,687 300,581 306,593 312,724 318,979 325,358 331,866 338,503 345,273 352,178 359,222 366,406 373,735 381,209 388,833 396,610 404,542 412,633 420,886 429,304 437,890 446,647 455,580 464,692 10,427,328 ESTIMATE OF GENERAL IMPACT OF PROPOSED ZONE PROPERTY VALUES AND TAX REVENUES BUSINESS PERSONAL PROPERTY TAXREAL PROPERTY TAX 0.25% Preliminary Project and Financing Plan, TIRZ #2 9 Financial Feasibility Analysis Town Council Page 344 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 10 Financial Feasibility Analysis REVENUE #3 - BLOCK C + H REAL PROPERTY TAX 0 0 0 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 BUSINESS PERSONAL PROPERTY 0 0 0 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 Trophy Club 0 0 0 71,899 148,292 210,094 214,296 218,582 222,953 227,412 231,961 236,600 241,332 246,159 251,082 256,103 261,225 266,450 271,779 277,215 282,759 288,414 294,182 300,066 306,067 312,189 318,432 324,801 331,297 337,923 344,681 351,575 7,645,820 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 0 41,028 84,619 119,885 122,283 124,729 127,223 129,768 132,363 135,010 137,710 140,465 143,274 146,139 149,062 152,043 155,084 158,186 161,350 164,577 167,868 171,226 174,650 178,143 181,706 185,340 189,047 192,828 196,684 200,618 4,362,910 Denton County Trophy CLUB MUD 1 0 0 0 19,208 39,617 56,127 57,250 58,395 59,563 60,754 61,969 63,209 64,473 65,762 67,077 68,419 69,787 71,183 72,607 74,059 75,540 77,051 78,592 80,164 81,767 83,402 85,070 86,772 88,507 90,277 92,083 93,925 2,042,612 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #3 4,968,267 0 0 0 132,135 272,528 386,107 393,829 401,705 409,739 417,934 426,293 434,819 443,515 452,385 461,433 470,662 480,075 489,677 499,470 509,460 519,649 530,042 540,643 551,455 562,484 573,734 585,209 596,913 608,851 621,028 633,449 646,118 14,051,342 REVENUE #4 - BLOCK D REAL PROPERTY TAX 0 0 0 0 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 BUSINESS PERSONAL PROPERTY 0 0 0 0 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 Trophy Club 0 0 0 0 7,664 11,495 15,327 15,634 15,946 16,265 16,591 16,922 17,261 17,606 17,958 18,317 18,684 19,057 19,438 19,827 20,224 20,628 21,041 21,462 21,891 22,329 22,775 23,231 23,695 24,169 24,653 25,146 535,237 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 0 0 4,373 6,560 8,746 8,921 9,099 9,281 9,467 9,656 9,849 10,046 10,247 10,452 10,661 10,875 11,092 11,314 11,540 11,771 12,006 12,247 12,492 12,741 12,996 13,256 13,521 13,792 14,067 14,349 305,420 Denton County Trophy CLUB MUD 1 0 0 0 0 2,047 3,071 4,095 4,177 4,260 4,345 4,432 4,521 4,611 4,704 4,798 4,894 4,991 5,091 5,193 5,297 5,403 5,511 5,621 5,734 5,848 5,965 6,085 6,206 6,330 6,457 6,586 6,718 142,991 Trophy CLUB MUD 1 SUBTOTAL #4 339,244 0 0 0 0 14,084 21,126 28,168 28,731 29,306 29,892 30,490 31,100 31,722 32,356 33,003 33,663 34,336 35,023 35,724 36,438 37,167 37,910 38,668 39,442 40,231 41,035 41,856 42,693 43,547 44,418 45,306 46,212 983,648 REVENUE #5 - BLOCK E REAL PROPERTY TAX 0 0 0 0 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 BUSINESS PERSONAL PROPERTY 0 0 0 0 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 Trophy Club 0 0 0 0 14,245 21,368 28,490 29,060 29,641 30,234 30,839 31,455 32,084 32,726 33,381 34,048 34,729 35,424 36,132 36,855 37,592 38,344 39,111 39,893 40,691 41,505 42,335 43,181 44,045 44,926 45,824 46,741 994,899 Trophy Club Northwest ISD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Northwest ISD Denton County 0 0 0 0 8,129 12,193 16,257 16,582 16,914 17,252 17,597 17,949 18,308 18,674 19,048 19,429 19,817 20,214 20,618 21,030 21,451 21,880 22,318 22,764 23,219 23,684 24,157 24,640 25,133 25,636 26,149 26,672 567,716 Denton County Trophy CLUB MUD 1 0 0 0 0 3,806 5,708 7,611 7,763 7,919 8,077 8,239 8,403 8,571 8,743 8,918 9,096 9,278 9,464 9,653 9,846 10,043 10,244 10,449 10,658 10,871 11,088 11,310 11,536 11,767 12,002 12,242 12,487 265,791 Trophy CLUB MUD 1 SUBTOTAL #5 630,587 0 0 0 0 26,179 39,269 52,358 53,406 54,474 55,563 56,675 57,808 58,964 60,143 61,346 62,573 63,825 65,101 66,403 67,731 69,086 70,468 71,877 73,315 74,781 76,276 77,802 79,358 80,945 82,564 84,215 85,900 1,828,406 REVENUE #6 - SALES SALES TAX 0 0 17,469,300 29,076,450 38,783,562 41,375,601 43,898,009 44,775,969 45,671,489 46,584,919 47,516,617 48,466,949 49,436,288 50,425,014 51,433,514 52,462,185 53,511,428 54,581,657 55,673,290 56,786,756 57,922,491 59,080,941 60,262,559 61,467,811 62,697,167 63,951,110 65,230,132 66,534,735 67,865,430 69,222,738 70,607,193 72,019,337 1,604,790,641 Trophy Club SUBTOTAL #6 1,462,323 0 0 43,673 72,691 96,959 103,439 109,745 111,940 114,179 116,462 118,792 121,167 123,591 126,063 128,584 131,155 133,779 136,454 139,183 141,967 144,806 147,702 150,656 153,670 156,743 159,878 163,075 166,337 169,664 173,057 176,518 180,048 4,011,977 TIF REVENUE A, 1, 2, 3, 4, 5, 6 615 1,243 213,309 474,806 749,723 897,328 939,051 958,448 978,232 998,412 1,018,996 1,039,991 1,061,406 1,083,250 1,105,530 1,128,256 1,151,437 1,175,081 1,199,198 1,223,797 1,248,889 1,274,482 1,300,587 1,327,214 1,354,374 1,382,077 1,410,334 1,439,156 1,468,555 1,498,541 1,529,127 1,560,325 34,191,773 Total Taxable Value 5,700,864 5,814,881 36,400,479 78,626,252 124,152,298 149,785,132 156,217,992 159,342,352 162,529,199 165,779,783 169,095,378 172,477,286 175,926,832 179,445,368 183,034,276 186,694,961 190,428,860 194,237,437 198,122,186 202,084,630 206,126,323 210,248,849 214,453,826 218,742,902 223,117,761 227,580,116 232,131,718 236,774,352 241,509,839 246,340,036 251,266,837 256,292,174 TIF Revenue Running Total 615 1,859 215,168 689,974 1,439,698 2,337,026 3,276,077 4,234,525 5,212,757 6,211,169 7,230,164 8,270,155 9,331,562 10,414,812 11,520,342 12,648,598 13,800,035 14,975,116 16,174,314 17,398,112 18,647,001 19,921,483 21,222,070 22,549,284 23,903,658 25,285,735 26,696,069 28,135,225 29,603,780 31,102,321 32,631,448 34,191,773 NET PRESENT VALUE @ 6%12,272,706 GROSS 34,191,773 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Trophy Club 7,344,626 335 676 135,978 291,496 452,151 535,422 560,999 572,554 584,340 596,362 608,624 621,131 633,889 646,901 660,174 673,712 687,522 701,607 715,974 730,628 745,576 760,822 776,373 792,236 808,415 824,919 841,752 858,922 876,435 894,299 912,519 931,105 20,433,845 Northwest ISD - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Denton County 3,356,600 191 386 52,672 124,856 202,682 246,501 257,498 262,839 268,287 273,843 279,511 285,293 291,190 297,205 303,340 309,598 315,981 322,491 329,132 335,906 342,815 349,863 357,051 364,383 371,862 379,490 387,271 395,208 403,303 411,560 419,982 428,573 9,370,760 Trophy CLUB MUD 1 1,571,481 89 181 24,660 58,455 94,891 115,406 120,554 123,055 125,605 128,207 130,861 133,567 136,328 139,144 142,016 144,946 147,935 150,983 154,092 157,263 160,498 163,797 167,163 170,596 174,097 177,668 181,311 185,027 188,817 192,683 196,626 200,648 4,387,168 TOTALS 615 1,243 213,309 474,806 749,723 897,328 939,051 958,448 978,232 998,412 1,018,996 1,039,991 1,061,406 1,083,250 1,105,530 1,128,256 1,151,437 1,175,081 1,199,198 1,223,797 1,248,889 1,274,482 1,300,587 1,327,214 1,354,374 1,382,077 1,410,334 1,439,156 1,468,555 1,498,541 1,529,127 1,560,325 34,191,773 Town Council Page 345 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 11 Financial Feasibility Analysis $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 Total Annual Tax Revenue Generated Trophy CLUB MUD 1 Denton County Northwest ISD Trophy Club $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 Potential TIF Tax Revenue Trophy CLUB MUD 1 Denton County Trophy Club 85,269,462 82,466,146 16,176,082 7,573,259 30 Year Gross Economic Impact Trophy Club Northwest ISD Denton County Trophy CLUB MUD 1 20,433,845 9,370,760 4,387,168 30 Year Potential TIF Revenue Trophy Club Denton County Trophy CLUB MUD 1 64,835,617 82,466,146 6,805,323 3,186,091 30 Year Net Benefit Trophy Club Northwest ISD Denton County Trophy CLUB MUD 1 Town Council Page 346 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 12 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block A AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2017 38,300 300.00$ 11,490,000$ 20.00$ 766,000$ 300.00$ 11,490,000$ Office TOTAL 38,300 11,490,000 766,000 11,490,000 ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 55.9%11,433,813$ =2,254,179$ +150,279$ +9,029,355$ Northwest ISD 34.2%6,994,741$ =6,557,569$ +437,171$ +-$ Denton County 6.7%1,372,048$ =1,286,295$ +85,753$ +-$ Trophy CLUB MUD 1 3.1%642,360$ =602,213$ +40,148$ +-$ 100.0%20,442,962 10,700,256$ 713,350$ 9,029,355$ 100.0%52.3%3.5%44.2% TOTAL PARTICIPATION TOTAL Trophy Club 68.6%2,481,177$ =1,352,507$ +-$ +1,128,669$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 21.4%771,777$ =771,777$ +-$ +-$ Trophy CLUB MUD 1 10.0%361,328$ =361,328$ +-$ +-$ 100.0%3,614,281$ 2,485,612$ -$ 1,128,669$ 100.0%68.8%0.0%31.2% NET BENEFIT TOTAL Trophy Club 53.2%8,952,636$ =901,671$ +150,279$ +7,900,686$ Northwest ISD 41.6%6,994,741$ =6,557,569$ +437,171$ +-$ Denton County 3.6%600,271$ =514,518$ +85,753$ +-$ Trophy CLUB MUD 1 1.7%281,033$ =240,885$ +40,148$ +-$ 100.0%16,828,680$ 8,214,644$ 713,350$ 7,900,686$ 100.0%48.8%4.2%46.9% REAL PROPERTY PERSONAL PROPERTY SALES 30 YEAR - BLOCK A : INPUT & OUTPUT PARTICIPATION PARTICIPATION SALES REAL PROPERTY PERSONAL PROPERTY SALES SALES REAL PROPERTY PERSONAL PROPERTY REAL PROPERTY PERSONAL PROPERTY Town Council Page 347 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 13 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%50% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Trophy Club 883,642 - - 28,685 57,370 58,517 59,687 60,881 62,099 63,341 64,607 65,900 67,218 68,562 69,933 71,332 72,758 74,214 75,698 77,212 78,756 80,331 81,938 83,577 85,248 86,953 88,692 90,466 92,275 94,121 96,003 97,923 99,882 2,254,179 Northwest ISD 2,570,580 - - 83,446 166,892 170,230 173,635 177,107 180,650 184,263 187,948 191,707 195,541 199,452 203,441 207,510 211,660 215,893 220,211 224,615 229,107 233,689 238,363 243,130 247,993 252,953 258,012 263,172 268,436 273,804 279,281 284,866 290,563 6,557,569 Denton County 504,230 - - 16,368 32,737 33,391 34,059 34,740 35,435 36,144 36,867 37,604 38,356 39,123 39,906 40,704 41,518 42,348 43,195 44,059 44,940 45,839 46,756 47,691 48,645 49,618 50,610 51,622 52,655 53,708 54,782 55,878 56,995 1,286,295 Trophy CLUB MUD 1 236,069 - - 7,663 15,327 15,633 15,946 16,265 16,590 16,922 17,260 17,605 17,957 18,317 18,683 19,057 19,438 19,826 20,223 20,627 21,040 21,461 21,890 22,328 22,774 23,230 23,694 24,168 24,652 25,145 25,648 26,161 26,684 602,213 Total 3,957,095 - - 136,162 272,325 277,771 283,327 288,993 294,773 300,669 306,682 312,816 319,072 325,454 331,963 338,602 345,374 352,281 359,327 366,514 373,844 381,321 388,947 396,726 404,661 412,754 421,009 429,429 438,018 446,778 455,714 464,828 474,124 10,700,256 % OCCUPIED 0%0%50% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 PV GROSS Trophy Club 58,909 - - 1,912 3,825 3,901 3,979 4,059 4,140 4,223 4,307 4,393 4,481 4,571 4,662 4,755 4,851 4,948 5,047 5,147 5,250 5,355 5,463 5,572 5,683 5,797 5,913 6,031 6,152 6,275 6,400 6,528 6,659 150,279 Northwest ISD 171,372 - - 5,563 11,126 11,349 11,576 11,807 12,043 12,284 12,530 12,780 13,036 13,297 13,563 13,834 14,111 14,393 14,681 14,974 15,274 15,579 15,891 16,209 16,533 16,864 17,201 17,545 17,896 18,254 18,619 18,991 19,371 437,171 Denton County 33,615 - - 1,091 2,182 2,226 2,271 2,316 2,362 2,410 2,458 2,507 2,557 2,608 2,660 2,714 2,768 2,823 2,880 2,937 2,996 3,056 3,117 3,179 3,243 3,308 3,374 3,441 3,510 3,581 3,652 3,725 3,800 85,753 Trophy CLUB MUD 1 15,738 - - 511 1,022 1,042 1,063 1,084 1,106 1,128 1,151 1,174 1,197 1,221 1,246 1,270 1,296 1,322 1,348 1,375 1,403 1,431 1,459 1,489 1,518 1,549 1,580 1,611 1,643 1,676 1,710 1,744 1,779 40,148 Total 263,806 - - 9,077 18,155 18,518 18,888 19,266 19,652 20,045 20,445 20,854 21,271 21,697 22,131 22,573 23,025 23,485 23,955 24,434 24,923 25,421 25,930 26,448 26,977 27,517 28,067 28,629 29,201 29,785 30,381 30,989 31,608 713,350 % OCCUPIED 0%0%50% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Total 3,339,174 - - 114,900 229,800 234,396 239,084 243,866 248,743 253,718 258,792 263,968 269,247 274,632 280,125 285,727 291,442 297,271 303,216 309,281 315,466 321,775 328,211 334,775 341,471 348,300 355,266 362,371 369,619 377,011 384,551 392,243 400,087 9,029,355 SUMMARY PV GROSS Trophy Club 4,482,077 - - 145,497 290,994 296,814 302,750 308,805 314,981 321,281 327,707 334,261 340,946 347,765 354,720 361,815 369,051 376,432 383,961 391,640 399,473 407,462 415,611 423,924 432,402 441,050 449,871 458,869 468,046 477,407 486,955 496,694 506,628 11,433,813 Northwest ISD 2,741,952 - - 89,009 178,018 181,579 185,210 188,915 192,693 196,547 200,478 204,487 208,577 212,748 217,003 221,344 225,770 230,286 234,891 239,589 244,381 249,269 254,254 259,339 264,526 269,816 275,213 280,717 286,331 292,058 297,899 303,857 309,934 6,994,741 Denton County 537,845 - - 17,460 34,919 35,617 36,330 37,056 37,798 38,553 39,325 40,111 40,913 41,732 42,566 43,417 44,286 45,172 46,075 46,996 47,936 48,895 49,873 50,870 51,888 52,926 53,984 55,064 56,165 57,288 58,434 59,603 60,795 1,372,048 Trophy CLUB MUD 1 251,807 - - 8,174 16,348 16,675 17,009 17,349 17,696 18,050 18,411 18,779 19,155 19,538 19,928 20,327 20,734 21,148 21,571 22,003 22,443 22,892 23,349 23,816 24,293 24,779 25,274 25,780 26,295 26,821 27,358 27,905 28,463 642,360 Total 7,560,076 - - 260,140 520,280 530,686 541,299 552,125 563,168 574,431 585,920 597,638 609,591 621,783 634,218 646,903 659,841 673,038 686,498 700,228 714,233 728,518 743,088 757,950 773,109 788,571 804,342 820,429 836,838 853,574 870,646 888,059 905,820 20,442,962 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 348 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 14 PARTICIPATION REAL PROPERTY Taxable Value - - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Trophy Club 530,185 - - 17,211 34,422 35,110 35,812 36,529 37,259 38,004 38,764 39,540 40,331 41,137 41,960 42,799 43,655 44,528 45,419 46,327 47,254 48,199 49,163 50,146 51,149 52,172 53,215 54,280 55,365 56,473 57,602 58,754 59,929 1,352,507 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 302,538 - - 9,821 19,642 20,035 20,436 20,844 21,261 21,686 22,120 22,562 23,014 23,474 23,943 24,422 24,911 25,409 25,917 26,436 26,964 27,504 28,054 28,615 29,187 29,771 30,366 30,973 31,593 32,225 32,869 33,527 34,197 771,777 Trophy CLUB MUD 1 141,641 - - 4,598 9,196 9,380 9,567 9,759 9,954 10,153 10,356 10,563 10,774 10,990 11,210 11,434 11,663 11,896 12,134 12,376 12,624 12,876 13,134 13,397 13,665 13,938 14,217 14,501 14,791 15,087 15,389 15,696 16,010 361,328 Total 919,212 - - 31,630 63,260 64,525 65,815 67,132 68,474 69,844 71,241 72,665 74,119 75,601 77,113 78,655 80,228 81,833 83,470 85,139 86,842 88,579 90,350 92,157 94,000 95,880 97,798 99,754 101,749 103,784 105,860 107,977 110,137 2,485,612 PERSONAL PROPERTY Taxable Value - - 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 PV GROSS Total 417,397 - - 14,363 28,725 29,300 29,885 30,483 31,093 31,715 32,349 32,996 33,656 34,329 35,016 35,716 36,430 37,159 37,902 38,660 39,433 40,222 41,026 41,847 42,684 43,538 44,408 45,296 46,202 47,126 48,069 49,030 50,011 1,128,669 SUMMARY PV GROSS Trophy Club 972,626 - - 31,573 63,147 64,410 65,698 67,012 68,352 69,719 71,113 72,536 73,986 75,466 76,976 78,515 80,085 81,687 83,321 84,987 86,687 88,421 90,189 91,993 93,833 95,709 97,624 99,576 101,568 103,599 105,671 107,784 109,940 2,481,177 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 302,538 - - 9,821 19,642 20,035 20,436 20,844 21,261 21,686 22,120 22,562 23,014 23,474 23,943 24,422 24,911 25,409 25,917 26,436 26,964 27,504 28,054 28,615 29,187 29,771 30,366 30,973 31,593 32,225 32,869 33,527 34,197 771,777 Trophy CLUB MUD 1 141,641 - - 4,598 9,196 9,380 9,567 9,759 9,954 10,153 10,356 10,563 10,774 10,990 11,210 11,434 11,663 11,896 12,134 12,376 12,624 12,876 13,134 13,397 13,665 13,938 14,217 14,501 14,791 15,087 15,389 15,696 16,010 361,328 Total 1,336,609 - - 45,992 91,985 93,824 95,701 97,615 99,567 101,558 103,590 105,661 107,775 109,930 112,129 114,371 116,659 118,992 121,372 123,799 126,275 128,801 131,377 134,004 136,684 139,418 142,206 145,050 147,951 150,911 153,929 157,007 160,147 3,614,281 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 3,509,451 - - 113,924 227,847 232,404 237,053 241,794 246,629 251,562 256,593 261,725 266,960 272,299 277,745 283,300 288,966 294,745 300,640 306,653 312,786 319,041 325,422 331,931 338,569 345,341 352,248 359,293 366,478 373,808 381,284 388,910 396,688 8,952,636 Northwest ISD 2,741,952 - - 89,009 178,018 181,579 185,210 188,915 192,693 196,547 200,478 204,487 208,577 212,748 217,003 221,344 225,770 230,286 234,891 239,589 244,381 249,269 254,254 259,339 264,526 269,816 275,213 280,717 286,331 292,058 297,899 303,857 309,934 6,994,741 Denton County 235,307 - - 7,639 15,277 15,583 15,894 16,212 16,536 16,867 17,204 17,549 17,900 18,258 18,623 18,995 19,375 19,763 20,158 20,561 20,972 21,392 21,819 22,256 22,701 23,155 23,618 24,090 24,572 25,064 25,565 26,076 26,598 600,271 Trophy CLUB MUD 1 110,165 - - 3,576 7,152 7,295 7,441 7,590 7,742 7,897 8,055 8,216 8,380 8,548 8,719 8,893 9,071 9,252 9,437 9,626 9,819 10,015 10,215 10,420 10,628 10,841 11,057 11,279 11,504 11,734 11,969 12,208 12,452 281,033 Total 6,223,467 - - 214,148 428,295 436,861 445,598 454,510 463,601 472,873 482,330 491,977 501,816 511,853 522,090 532,531 543,182 554,046 565,127 576,429 587,958 599,717 611,711 623,945 636,424 649,153 662,136 675,379 688,886 702,664 716,717 731,052 745,673 16,828,680 Town Council Page 349 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 15 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block B + I AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2017 78,162 300.00$ 23,448,600$ 20.00$ 1,563,240$ 300.00$ 23,448,600$ Multifamily 2017 250 80,000$ 20,000,000$ 500$ 125,000$ -$ -$ Brownstones 2017 30 200,000$ 6,000,000$ -$ -$ -$ -$ TOTAL 78,442 49,448,600 1,688,240 23,448,600 OUTPUT ► TOTAL TAX REVENUE TOTAL Trophy Club 43.1%27,741,499$ =9,456,449$ +322,856$ +17,962,195$ Northwest ISD 44.2%28,448,707$ =27,509,496$ +939,210$ +-$ Denton County 8.7%5,580,334$ =5,396,104$ +184,230$ +-$ Trophy CLUB MUD 1 4.1%2,612,580$ =2,526,328$ +86,252$ +-$ 100.0%64,383,120 44,888,377$ 1,532,548$ 17,962,195$ 100.0%69.7%2.4%27.9% TOTAL PARTICIPATION TOTAL Trophy Club 62.5%7,919,144$ =5,673,869$ +-$ +2,245,274$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 25.5%3,237,662$ =3,237,662$ +-$ +-$ Trophy CLUB MUD 1 12.0%1,515,797$ =1,515,797$ +-$ +-$ 100.0%12,672,603$ 10,427,328$ -$ 2,245,274$ 100.0%82.3%0.0%17.7% NET BENEFIT TOTAL Trophy Club 38.3%19,822,356$ =3,782,579$ +322,856$ +15,716,921$ Northwest ISD 55.0%28,448,707$ =27,509,496$ +939,210$ +-$ Denton County 4.5%2,342,672$ =2,158,441$ +184,230$ +-$ Trophy CLUB MUD 1 2.1%1,096,783$ =1,010,531$ +86,252$ +-$ 100.0%51,710,517$ 34,461,049$ 1,532,548$ 15,716,921$ 100.0%66.6%3.0%30.4% REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY 30 YEAR - BLOCK B + I : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES PERSONAL PROPERTY SALES Town Council Page 350 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 16 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 PV GROSS Trophy Club 3,682,690 - - 123,448 185,173 246,897 251,835 256,871 262,009 267,249 272,594 278,046 283,607 289,279 295,065 300,966 306,985 313,125 319,387 325,775 332,291 338,936 345,715 352,630 359,682 366,876 374,213 381,698 389,331 397,118 405,060 413,162 421,425 9,456,449 Northwest ISD 10,713,212 - - 359,120 538,681 718,241 732,606 747,258 762,203 777,447 792,996 808,856 825,033 841,534 858,364 875,532 893,042 910,903 929,121 947,704 966,658 985,991 1,005,711 1,025,825 1,046,341 1,067,268 1,088,614 1,110,386 1,132,594 1,155,245 1,178,350 1,201,917 1,225,956 27,509,496 Denton County 2,101,442 - - 70,443 105,664 140,886 143,704 146,578 149,509 152,500 155,550 158,661 161,834 165,070 168,372 171,739 175,174 178,677 182,251 185,896 189,614 193,406 197,274 201,220 205,244 209,349 213,536 217,807 222,163 226,606 231,138 235,761 240,476 5,396,104 Trophy CLUB MUD 1 983,845 - - 32,980 49,470 65,959 67,279 68,624 69,997 71,397 72,825 74,281 75,767 77,282 78,828 80,404 82,012 83,653 85,326 87,032 88,773 90,548 92,359 94,206 96,091 98,012 99,973 101,972 104,011 106,092 108,214 110,378 112,585 2,526,328 Total 16,491,688 - - 585,992 878,987 1,171,983 1,195,423 1,219,331 1,243,718 1,268,592 1,293,964 1,319,843 1,346,240 1,373,165 1,400,628 1,428,641 1,457,214 1,486,358 1,516,085 1,546,407 1,577,335 1,608,882 1,641,059 1,673,881 1,707,358 1,741,505 1,776,336 1,811,862 1,848,100 1,885,062 1,922,763 1,961,218 2,000,442 44,888,377 % OCCUPIED 0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 PV GROSS Trophy Club 125,732 - - 4,215 6,322 8,429 8,598 8,770 8,945 9,124 9,307 9,493 9,683 9,876 10,074 10,275 10,481 10,690 10,904 11,122 11,345 11,572 11,803 12,039 12,280 12,526 12,776 13,032 13,292 13,558 13,829 14,106 14,388 322,856 Northwest ISD 365,763 - - 12,261 18,391 24,522 25,012 25,512 26,023 26,543 27,074 27,615 28,168 28,731 29,306 29,892 30,490 31,099 31,721 32,356 33,003 33,663 34,336 35,023 35,723 36,438 37,167 37,910 38,668 39,442 40,230 41,035 41,856 939,210 Denton County 71,746 - - 2,405 3,608 4,810 4,906 5,004 5,104 5,207 5,311 5,417 5,525 5,636 5,748 5,863 5,981 6,100 6,222 6,347 6,474 6,603 6,735 6,870 7,007 7,147 7,290 7,436 7,585 7,737 7,891 8,049 8,210 184,230 Trophy CLUB MUD 1 33,590 - - 1,126 1,689 2,252 2,297 2,343 2,390 2,438 2,486 2,536 2,587 2,639 2,691 2,745 2,800 2,856 2,913 2,971 3,031 3,091 3,153 3,216 3,281 3,346 3,413 3,481 3,551 3,622 3,695 3,768 3,844 86,252 Total 563,048 - - 20,007 30,010 40,013 40,813 41,630 42,462 43,311 44,178 45,061 45,962 46,882 47,819 48,776 49,751 50,746 51,761 52,796 53,852 54,929 56,028 57,148 58,291 59,457 60,646 61,859 63,097 64,358 65,646 66,959 68,298 1,532,548 % OCCUPIED 0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - 11,724,300 17,586,450 23,448,600 23,917,572 24,395,923 24,883,842 25,381,519 25,889,149 26,406,932 26,935,071 27,473,772 28,023,248 28,583,713 29,155,387 29,738,495 30,333,264 30,939,930 31,558,728 32,189,903 32,833,701 33,490,375 34,160,182 34,843,386 35,540,254 36,251,059 36,976,080 37,715,602 38,469,914 39,239,312 40,024,098 PV GROSS Total 6,995,141 - - 234,486 351,729 468,972 478,351 487,918 497,677 507,630 517,783 528,139 538,701 549,475 560,465 571,674 583,108 594,770 606,665 618,799 631,175 643,798 656,674 669,807 683,204 696,868 710,805 725,021 739,522 754,312 769,398 784,786 800,482 17,962,195 SUMMARY PV GROSS Trophy Club 10,803,563 - - 362,149 543,224 724,298 738,784 753,560 768,631 784,004 799,684 815,677 831,991 848,631 865,603 882,916 900,574 918,585 936,957 955,696 974,810 994,306 1,014,192 1,034,476 1,055,166 1,076,269 1,097,794 1,119,750 1,142,145 1,164,988 1,188,288 1,212,054 1,236,295 27,741,499 Northwest ISD 11,078,975 - - 371,381 557,072 742,763 757,618 772,770 788,226 803,990 820,070 836,471 853,201 870,265 887,670 905,423 923,532 942,003 960,843 980,059 999,661 1,019,654 1,040,047 1,060,848 1,082,065 1,103,706 1,125,780 1,148,296 1,171,262 1,194,687 1,218,581 1,242,952 1,267,811 28,448,707 Denton County 2,173,188 - - 72,848 109,272 145,696 148,610 151,582 154,614 157,706 160,860 164,077 167,359 170,706 174,120 177,603 181,155 184,778 188,473 192,243 196,088 200,009 204,010 208,090 212,252 216,497 220,827 225,243 229,748 234,343 239,030 243,810 248,687 5,580,334 Trophy CLUB MUD 1 1,017,435 - - 34,106 51,159 68,211 69,576 70,967 72,387 73,834 75,311 76,817 78,353 79,921 81,519 83,149 84,812 86,509 88,239 90,004 91,804 93,640 95,512 97,423 99,371 101,359 103,386 105,453 107,563 109,714 111,908 114,146 116,429 2,612,580 Total 23,653,925 - - 840,484 1,260,726 1,680,968 1,714,588 1,748,879 1,783,857 1,819,534 1,855,925 1,893,043 1,930,904 1,969,522 2,008,913 2,049,091 2,090,073 2,131,874 2,174,512 2,218,002 2,262,362 2,307,609 2,353,761 2,400,837 2,448,853 2,497,830 2,547,787 2,598,743 2,650,718 2,703,732 2,757,807 2,812,963 2,869,222 64,383,120 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 351 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 17 Financial Feasibility Analysis PARTICIPATION REAL PROPERTY Taxable Value - - 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 PV GROSS Trophy Club 2,209,614 - - 74,069 111,104 148,138 151,101 154,123 157,205 160,349 163,556 166,828 170,164 173,567 177,039 180,580 184,191 187,875 191,632 195,465 199,374 203,362 207,429 211,578 215,809 220,125 224,528 229,019 233,599 238,271 243,036 247,897 252,855 5,673,869 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,260,865 - - 42,266 63,399 84,532 86,222 87,947 89,706 91,500 93,330 95,196 97,100 99,042 101,023 103,044 105,104 107,206 109,351 111,538 113,768 116,044 118,365 120,732 123,147 125,609 128,122 130,684 133,298 135,964 138,683 141,457 144,286 3,237,662 Trophy CLUB MUD 1 590,307 - - 19,788 29,682 39,576 40,367 41,175 41,998 42,838 43,695 44,569 45,460 46,369 47,297 48,243 49,207 50,192 51,195 52,219 53,264 54,329 55,416 56,524 57,654 58,807 59,984 61,183 62,407 63,655 64,928 66,227 67,551 1,515,797 Total 3,830,930 - - 136,123 204,184 272,245 277,690 283,244 288,909 294,687 300,581 306,593 312,724 318,979 325,358 331,866 338,503 345,273 352,178 359,222 366,406 373,735 381,209 388,833 396,610 404,542 412,633 420,886 429,304 437,890 446,647 455,580 464,692 10,427,328 PERSONAL PROPERTY Taxable Value - - 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - 11,724,300 17,586,450 23,448,600 23,917,572 24,395,923 24,883,842 25,381,519 25,889,149 26,406,932 26,935,071 27,473,772 28,023,248 28,583,713 29,155,387 29,738,495 30,333,264 30,939,930 31,558,728 32,189,903 32,833,701 33,490,375 34,160,182 34,843,386 35,540,254 36,251,059 36,976,080 37,715,602 38,469,914 39,239,312 40,024,098 PV GROSS Total 874,393 - - 29,310.75 43,966.13 58,621.50 59,793.93 60,989.81 62,209.60 63,453.80 64,722.87 66,017.33 67,337.68 68,684.43 70,058.12 71,459.28 72,888.47 74,346.24 75,833.16 77,349.82 78,896.82 80,474.76 82,084.25 83,725.94 85,400.46 87,108.47 88,850.63 90,627.65 92,440.20 94,289.00 96,174.78 98,098.28 100,060.25 2,245,274 SUMMARY PV GROSS Trophy Club 3,084,006 - - 103,380 155,070 206,760 210,895 215,113 219,415 223,803 228,279 232,845 237,502 242,252 247,097 252,039 257,080 262,221 267,466 272,815 278,271 283,837 289,513 295,304 301,210 307,234 313,379 319,646 326,039 332,560 339,211 345,995 352,915 7,919,144 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,260,865 - - 42,266 63,399 84,532 86,222 87,947 89,706 91,500 93,330 95,196 97,100 99,042 101,023 103,044 105,104 107,206 109,351 111,538 113,768 116,044 118,365 120,732 123,147 125,609 128,122 130,684 133,298 135,964 138,683 141,457 144,286 3,237,662 Trophy CLUB MUD 1 590,307 - - 19,788 29,682 39,576 40,367 41,175 41,998 42,838 43,695 44,569 45,460 46,369 47,297 48,243 49,207 50,192 51,195 52,219 53,264 54,329 55,416 56,524 57,654 58,807 59,984 61,183 62,407 63,655 64,928 66,227 67,551 1,515,797 Total 4,655,829 - - 165,433 248,150 330,867 337,484 344,234 351,119 358,141 365,304 372,610 380,062 387,663 395,417 403,325 411,391 419,619 428,012 436,572 445,303 454,209 463,294 472,559 482,011 491,651 501,484 511,513 521,744 532,179 542,822 553,679 564,752 12,672,603 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 7,719,556 - - 258,769 388,154 517,539 527,889 538,447 549,216 560,200 571,404 582,833 594,489 606,379 618,507 630,877 643,494 656,364 669,491 682,881 696,539 710,470 724,679 739,173 753,956 769,035 784,416 800,104 816,106 832,428 849,077 866,059 883,380 19,822,356 Northwest ISD 11,078,975 - - 371,381 557,072 742,763 757,618 772,770 788,226 803,990 820,070 836,471 853,201 870,265 887,670 905,423 923,532 942,003 960,843 980,059 999,661 1,019,654 1,040,047 1,060,848 1,082,065 1,103,706 1,125,780 1,148,296 1,171,262 1,194,687 1,218,581 1,242,952 1,267,811 28,448,707 Denton County 912,323 - - 30,582 45,873 61,164 62,388 63,635 64,908 66,206 67,530 68,881 70,259 71,664 73,097 74,559 76,050 77,571 79,123 80,705 82,319 83,966 85,645 87,358 89,105 90,887 92,705 94,559 96,450 98,379 100,347 102,354 104,401 2,342,672 Trophy CLUB MUD 1 427,128 - - 14,318 21,477 28,636 29,208 29,793 30,388 30,996 31,616 32,248 32,893 33,551 34,222 34,907 35,605 36,317 37,043 37,784 38,540 39,311 40,097 40,899 41,717 42,551 43,402 44,270 45,156 46,059 46,980 47,920 48,878 1,096,783 Total 18,998,096 - - 675,051 1,012,576 1,350,101 1,377,103 1,404,645 1,432,738 1,461,393 1,490,621 1,520,433 1,550,842 1,581,859 1,613,496 1,645,766 1,678,681 1,712,255 1,746,500 1,781,430 1,817,059 1,853,400 1,890,468 1,928,277 1,966,843 2,006,180 2,046,303 2,087,229 2,128,974 2,171,553 2,214,984 2,259,284 2,304,470 51,710,517 Town Council Page 352 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 18 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 SALES TAX RATE 0.0200000 12.50%0.0025000 Block C + H AREA Year SF/UNIT $/SF or $/Unit TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2020 13,765 300.00$ 4,129,500$ 20.00$ 275,300$ 300.00$ 4,129,500$ Office 2018 160,000 300$ 48,000,000$ 10$ 1,600,000$ -$ -$ Hotel 2019 200 90,000$ 18,000,000$ -$ -$ 3,000.00$ 600,000$ TOTAL 70,129,500.00 1,875,300.00 4,729,500.00 ►OUTPUT TOTAL TAX REVENUE TOTAL REAL PROPERTY PERSONAL PROPERTY SALES Trophy Club 25.1%16,437,212$ =12,743,034$ +341,959$ +3,352,220$ Northwest ISD 58.1%38,065,195$ =37,070,411$ +994,784$ +-$ Denton County 11.4%7,466,648$ =7,271,517$ +195,131$ +-$ Trophy CLUB MUD 1 5.3%3,495,708 =3,404,353$ +91,356$ +-$ 1 6546476350.0%6048931453.6%162322937.3%335221959.1% 100.0%92.4%2.5%5.1% TOTAL PARTICIPATION TOTAL REAL PROPERTY PERSONAL PROPERTY SALES Trophy Club 55.7%8,064,848$ =7,645,820$ +-$ +419,027$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 30.2%4,362,910$ =4,362,910$ +-$ +-$ Trophy CLUB MUD 1 14.1%2,042,612$ =2,042,612$ +-$ +-$ 1 1447036957.8%1405134212.9%0.0%41902744.9% 100.0%97.1%0.0%2.9% NET BENEFIT TOTAL REAL PROPERTY PERSONAL PROPERTY SALES Trophy Club 16.4%8,372,365$ =5,097,213$ +341,959$ +2,933,192$ Northwest ISD 74.6%38,065,195$ =37,070,411$ +994,784$ +-$ Denton County 6.1%3,103,738$ =2,908,607$ +195,131$ +-$ Trophy CLUB MUD 1 2.8%1,453,097$ =1,361,741$ +91,356$ +-$ 1 5099439392.2%4643797240.7%162322937.3%293319214.2% 30 YEAR - BLOCK C + H : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES Town Council Page 353 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 19 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - - 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 PV GROSS Trophy Club 4,776,017 - - - 119,832 247,154 350,157 357,160 364,303 371,589 379,021 386,601 394,333 402,220 410,264 418,470 426,839 435,376 444,083 452,965 462,024 471,265 480,690 490,304 500,110 510,112 520,314 530,721 541,335 552,162 563,205 574,469 585,958 12,743,034 Northwest ISD 13,893,780 - - - 348,600 718,988 1,018,631 1,039,004 1,059,784 1,080,979 1,102,599 1,124,651 1,147,144 1,170,087 1,193,489 1,217,358 1,241,705 1,266,540 1,291,870 1,317,708 1,344,062 1,370,943 1,398,362 1,426,329 1,454,856 1,483,953 1,513,632 1,543,905 1,574,783 1,606,278 1,638,404 1,671,172 1,704,596 37,070,411 Denton County 2,725,323 - - - 68,379 141,032 199,809 203,805 207,881 212,039 216,279 220,605 225,017 229,517 234,108 238,790 243,566 248,437 253,406 258,474 263,643 268,916 274,295 279,781 285,376 291,084 296,905 302,843 308,900 315,078 321,380 327,807 334,364 7,271,517 Trophy CLUB MUD 1 1,275,932 - - - 32,014 66,028 93,546 95,417 97,325 99,271 101,257 103,282 105,348 107,455 109,604 111,796 114,032 116,312 118,639 121,011 123,432 125,900 128,418 130,987 133,606 136,278 139,004 141,784 144,620 147,512 150,462 153,472 156,541 3,404,353 Total 21,387,785 - - - 568,825 1,173,201 1,662,142 1,695,385 1,729,293 1,763,878 1,799,156 1,835,139 1,871,842 1,909,279 1,947,464 1,986,414 2,026,142 2,066,665 2,107,998 2,150,158 2,193,161 2,237,024 2,281,765 2,327,400 2,373,948 2,421,427 2,469,856 2,519,253 2,569,638 2,621,031 2,673,451 2,726,920 2,781,459 60,489,315 % OCCUPIED 0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - - 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 PV GROSS Trophy Club 128,704 - - - 3,994 7,023 9,363 9,551 9,742 9,936 10,135 10,338 10,545 10,756 10,971 11,190 11,414 11,642 11,875 12,113 12,355 12,602 12,854 13,111 13,373 13,641 13,913 14,192 14,476 14,765 15,060 15,362 15,669 341,959 Northwest ISD 374,410 - - - 11,620 20,429 27,239 27,784 28,339 28,906 29,484 30,074 30,675 31,289 31,915 32,553 33,204 33,868 34,545 35,236 35,941 36,660 37,393 38,141 38,904 39,682 40,475 41,285 42,111 42,953 43,812 44,688 45,582 994,784 Denton County 73,442 - - - 2,279 4,007 5,343 5,450 5,559 5,670 5,783 5,899 6,017 6,137 6,260 6,385 6,513 6,643 6,776 6,912 7,050 7,191 7,335 7,481 7,631 7,784 7,939 8,098 8,260 8,425 8,594 8,766 8,941 195,131 Trophy CLUB MUD 1 34,384 - - - 1,067 1,876 2,501 2,551 2,603 2,655 2,708 2,762 2,817 2,873 2,931 2,989 3,049 3,110 3,172 3,236 3,301 3,367 3,434 3,503 3,573 3,644 3,717 3,791 3,867 3,945 4,023 4,104 4,186 91,356 Total 576,358 - - - 18,961 33,335 44,447 45,335 46,242 47,167 48,110 49,073 50,054 51,055 52,076 53,118 54,180 55,264 56,369 57,496 58,646 59,819 61,016 62,236 63,481 64,750 66,045 67,366 68,713 70,088 71,490 72,919 74,378 1,623,229 % OCCUPIED 0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - 450,000 4,729,500 4,824,090 4,920,572 5,018,983 5,119,363 5,221,750 5,326,185 5,432,709 5,541,363 5,652,190 5,765,234 5,880,539 5,998,150 6,118,113 6,240,475 6,365,284 6,492,590 6,622,442 6,754,891 6,889,988 7,027,788 7,168,344 7,311,711 7,457,945 7,607,104 7,759,246 7,914,431 PV GROSS Total 1,148,340 - - - - 9,000 94,590 96,482 98,411 100,380 102,387 104,435 106,524 108,654 110,827 113,044 115,305 117,611 119,963 122,362 124,809 127,306 129,852 132,449 135,098 137,800 140,556 143,367 146,234 149,159 152,142 155,185 158,289 3,352,220 SUMMARY PV GROSS Trophy Club 6,121,961 - - - 123,826 263,176 454,110 463,192 472,456 481,905 491,543 501,374 511,402 521,630 532,062 542,703 553,558 564,629 575,921 587,440 599,188 611,172 623,396 635,864 648,581 661,552 674,784 688,279 702,045 716,086 730,407 745,016 759,916 16,437,212 Northwest ISD 14,268,189 - - - 360,220 739,417 1,045,870 1,066,787 1,088,123 1,109,885 1,132,083 1,154,725 1,177,819 1,201,376 1,225,403 1,249,911 1,274,909 1,300,408 1,326,416 1,352,944 1,380,003 1,407,603 1,435,755 1,464,470 1,493,760 1,523,635 1,554,107 1,585,190 1,616,893 1,649,231 1,682,216 1,715,860 1,750,177 38,065,195 Denton County 2,798,765 - - - 70,659 145,040 205,152 209,255 213,440 217,709 222,063 226,504 231,034 235,655 240,368 245,175 250,079 255,080 260,182 265,386 270,693 276,107 281,629 287,262 293,007 298,867 304,845 310,942 317,160 323,504 329,974 336,573 343,305 7,466,648 Trophy CLUB MUD 1 1,310,316 - - - 33,081 67,904 96,047 97,968 99,928 101,926 103,965 106,044 108,165 110,328 112,535 114,785 117,081 119,423 121,811 124,247 126,732 129,267 131,852 134,489 137,179 139,923 142,721 145,576 148,487 151,457 154,486 157,576 160,727 3,495,708 Total 23,112,483 - - - 587,786 1,215,536 1,801,179 1,837,202 1,873,946 1,911,425 1,949,654 1,988,647 2,028,420 2,068,988 2,110,368 2,152,575 2,195,627 2,239,539 2,284,330 2,330,017 2,376,617 2,424,149 2,472,632 2,522,085 2,572,527 2,623,977 2,676,457 2,729,986 2,784,586 2,840,277 2,897,083 2,955,024 3,014,125 65,464,764 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 354 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 20 PARTICIPATION REAL PROPERTY Taxable Value - - - 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 PV GROSS Trophy Club 2,865,610 - - - 71,899 148,292 210,094 214,296 218,582 222,953 227,412 231,961 236,600 241,332 246,159 251,082 256,103 261,225 266,450 271,779 277,215 282,759 288,414 294,182 300,066 306,067 312,189 318,432 324,801 331,297 337,923 344,681 351,575 7,645,820 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,635,194 - - - 41,028 84,619 119,885 122,283 124,729 127,223 129,768 132,363 135,010 137,710 140,465 143,274 146,139 149,062 152,043 155,084 158,186 161,350 164,577 167,868 171,226 174,650 178,143 181,706 185,340 189,047 192,828 196,684 200,618 4,362,910 Trophy CLUB MUD 1 765,559 - - - 19,208 39,617 56,127 57,250 58,395 59,563 60,754 61,969 63,209 64,473 65,762 67,077 68,419 69,787 71,183 72,607 74,059 75,540 77,051 78,592 80,164 81,767 83,402 85,070 86,772 88,507 90,277 92,083 93,925 2,042,612 Total 4,968,267 - - - 132,135 272,528 386,107 393,829 401,705 409,739 417,934 426,293 434,819 443,515 452,385 461,433 470,662 480,075 489,677 499,470 509,460 519,649 530,042 540,643 551,455 562,484 573,734 585,209 596,913 608,851 621,028 633,449 646,118 14,051,342 PERSONAL PROPERTY Taxable Value - - - 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - 450,000 4,729,500 4,824,090 4,920,572 5,018,983 5,119,363 5,221,750 5,326,185 5,432,709 5,541,363 5,652,190 5,765,234 5,880,539 5,998,150 6,118,113 6,240,475 6,365,284 6,492,590 6,622,442 6,754,891 6,889,988 7,027,788 7,168,344 7,311,711 7,457,945 7,607,104 7,759,246 7,914,431 PV GROSS Total 143,543 - - - - 1,125 11,824 12,060 12,301 12,547 12,798 13,054 13,315 13,582 13,853 14,130 14,413 14,701 14,995 15,295 15,601 15,913 16,231 16,556 16,887 17,225 17,569 17,921 18,279 18,645 19,018 19,398 19,786 419,027 SUMMARY - PV GROSS Trophy Club 3,017,765 - - - 71,899 149,417 221,918 226,356 230,883 235,501 240,211 245,015 249,915 254,914 260,012 265,212 270,516 275,927 281,445 287,074 292,816 298,672 304,645 310,738 316,953 323,292 329,758 336,353 343,080 349,942 356,941 364,080 371,361 8,064,848 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 1,635,194 - - - 41,028 84,619 119,885 122,283 124,729 127,223 129,768 132,363 135,010 137,710 140,465 143,274 146,139 149,062 152,043 155,084 158,186 161,350 164,577 167,868 171,226 174,650 178,143 181,706 185,340 189,047 192,828 196,684 200,618 4,362,910 Trophy CLUB MUD 1 765,559 - - - 19,208 39,617 56,127 57,250 58,395 59,563 60,754 61,969 63,209 64,473 65,762 67,077 68,419 69,787 71,183 72,607 74,059 75,540 77,051 78,592 80,164 81,767 83,402 85,070 86,772 88,507 90,277 92,083 93,925 2,042,612 Total 5,111,810 - - - 132,135 273,653 397,930 405,889 414,007 422,287 430,733 439,347 448,134 457,097 466,239 475,564 485,075 494,776 504,672 514,765 525,061 535,562 546,273 557,199 568,343 579,709 591,304 603,130 615,192 627,496 640,046 652,847 665,904 14,470,370 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 3,104,196 - - - 51,927 113,759 232,192 236,836 241,573 246,404 251,332 256,359 261,486 266,716 272,050 277,491 283,041 288,702 294,476 300,365 306,373 312,500 318,750 325,125 331,628 338,260 345,025 351,926 358,965 366,144 373,467 380,936 388,555 8,372,365 Northwest ISD 14,268,189 - - - 360,220 739,417 1,045,870 1,066,787 1,088,123 1,109,885 1,132,083 1,154,725 1,177,819 1,201,376 1,225,403 1,249,911 1,274,909 1,300,408 1,326,416 1,352,944 1,380,003 1,407,603 1,435,755 1,464,470 1,493,760 1,523,635 1,554,107 1,585,190 1,616,893 1,649,231 1,682,216 1,715,860 1,750,177 38,065,195 Denton County 1,163,571 - - - 29,631 60,420 85,266 86,972 88,711 90,485 92,295 94,141 96,024 97,944 99,903 101,901 103,939 106,018 108,139 110,301 112,507 114,757 117,053 119,394 121,782 124,217 126,702 129,236 131,820 134,457 137,146 139,889 142,687 3,103,738 Trophy CLUB MUD 1 544,757 - - - 13,873 28,287 39,920 40,718 41,533 42,363 43,210 44,075 44,956 45,855 46,772 47,708 48,662 49,635 50,628 51,640 52,673 53,727 54,801 55,897 57,015 58,156 59,319 60,505 61,715 62,949 64,208 65,493 66,802 1,453,097 Total 18,000,673 - - - 455,651 941,883 1,403,248 1,431,313 1,459,939 1,489,138 1,518,921 1,549,299 1,580,285 1,611,891 1,644,129 1,677,012 1,710,552 1,744,763 1,779,658 1,815,251 1,851,556 1,888,587 1,926,359 1,964,886 2,004,184 2,044,268 2,085,153 2,126,856 2,169,393 2,212,781 2,257,037 2,302,177 2,348,221 50,994,394 Town Council Page 355 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 21 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block D AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2019 17,054 300.00$ 5,116,200$ 20.00$ 341,080$ 300.00$ 5,116,200$ TOTAL 17,054 5,116,200 341,080 5,116,200 OUTPUT ► TOTAL TAX REVENUE TOTAL Trophy Club 55.9%4,524,779$ =892,061$ +59,471$ +3,573,247$ Northwest ISD 34.2%2,768,075$ =2,595,070$ +173,005$ +-$ Denton County 6.7%542,970$ =509,034$ +33,936$ +-$ Trophy CLUB MUD 1 3.1%254,206$ =238,318$ +15,888$ +-$ 100.0%8,090,029 4,234,483$ 282,299$ 3,573,247$ 100.0%52.3%3.5%44.2% TOTAL PARTICIPATION TOTAL Trophy Club 68.6%981,892$ =535,237$ +-$ +446,656$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 21.4%305,420$ =305,420$ +-$ +-$ Trophy CLUB MUD 1 10.0%142,991$ =142,991$ +-$ +-$ 100.0%1,430,303$ 983,648$ -$ 446,656$ 100.0%68.8%0.0%31.2% NET BENEFIT TOTAL Trophy Club 53.2%3,542,886$ =356,824$ +59,471$ +3,126,591$ Northwest ISD 41.6%2,768,075$ =2,595,070$ +173,005$ +-$ Denton County 3.6%237,549$ =203,614$ +33,936$ +-$ Trophy CLUB MUD 1 1.7%111,215$ =95,327$ +15,888$ +-$ 100.0%6,659,725$ 3,250,836$ 282,299$ 3,126,591$ 100.0%48.8%4.2%46.9% 30 YEAR - BLOCK D : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY REAL PROPERTY PERSONAL PROPERTY SALES PERSONAL PROPERTY SALES Town Council Page 356 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 22 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Trophy Club 326,117 - - - - 12,773 19,159 25,545 26,056 26,577 27,109 27,651 28,204 28,768 29,343 29,930 30,529 31,139 31,762 32,397 33,045 33,706 34,380 35,068 35,769 36,485 37,215 37,959 38,718 39,492 40,282 41,088 41,910 892,061 Northwest ISD 948,697 - - - - 37,156 55,735 74,313 75,799 77,315 78,861 80,439 82,047 83,688 85,362 87,069 88,811 90,587 92,399 94,247 96,132 98,054 100,015 102,016 104,056 106,137 108,260 110,425 112,633 114,886 117,184 119,527 121,918 2,595,070 Denton County 186,091 - - - - 7,288 10,933 14,577 14,868 15,166 15,469 15,778 16,094 16,416 16,744 17,079 17,421 17,769 18,124 18,487 18,857 19,234 19,618 20,011 20,411 20,819 21,236 21,660 22,094 22,535 22,986 23,446 23,915 509,034 Trophy CLUB MUD 1 87,123 - - - - 3,412 5,118 6,824 6,961 7,100 7,242 7,387 7,535 7,685 7,839 7,996 8,156 8,319 8,485 8,655 8,828 9,005 9,185 9,369 9,556 9,747 9,942 10,141 10,344 10,551 10,762 10,977 11,196 238,318 Total 1,548,028 - - - - 60,630 90,944 121,259 123,684 126,158 128,681 131,255 133,880 136,558 139,289 142,075 144,916 147,814 150,771 153,786 156,862 159,999 163,199 166,463 169,792 173,188 176,652 180,185 183,789 187,464 191,214 195,038 198,939 4,234,483 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - - - 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 PV GROSS Trophy Club 21,741 - - - - 852 1,277 1,703 1,737 1,772 1,807 1,843 1,880 1,918 1,956 1,995 2,035 2,076 2,117 2,160 2,203 2,247 2,292 2,338 2,385 2,432 2,481 2,531 2,581 2,633 2,685 2,739 2,794 59,471 Northwest ISD 63,246 - - - - 2,477 3,716 4,954 5,053 5,154 5,257 5,363 5,470 5,579 5,691 5,805 5,921 6,039 6,160 6,283 6,409 6,537 6,668 6,801 6,937 7,076 7,217 7,362 7,509 7,659 7,812 7,968 8,128 173,005 Denton County 12,406 - - - - 486 729 972 991 1,011 1,031 1,052 1,073 1,094 1,116 1,139 1,161 1,185 1,208 1,232 1,257 1,282 1,308 1,334 1,361 1,388 1,416 1,444 1,473 1,502 1,532 1,563 1,594 33,936 Trophy CLUB MUD 1 5,808 - - - - 227 341 455 464 473 483 492 502 512 523 533 544 555 566 577 589 600 612 625 637 650 663 676 690 703 717 732 746 15,888 Total 103,202 - - - - 4,042 6,063 8,084 8,246 8,411 8,579 8,750 8,925 9,104 9,286 9,472 9,661 9,854 10,051 10,252 10,457 10,667 10,880 11,098 11,319 11,546 11,777 12,012 12,253 12,498 12,748 13,003 13,263 282,299 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Total 1,306,296 - - - - 51,162 76,743 102,324 104,370 106,458 108,587 110,759 112,974 115,233 117,538 119,889 122,287 124,732 127,227 129,772 132,367 135,014 137,715 140,469 143,278 146,144 149,067 152,048 155,089 158,191 161,355 164,582 167,873 3,573,247 SUMMARY PV GROSS Trophy Club 1,654,154 - - - - 64,786 97,179 129,572 132,164 134,807 137,503 140,253 143,058 145,919 148,838 151,814 154,851 157,948 161,107 164,329 167,615 170,968 174,387 177,875 181,432 185,061 188,762 192,537 196,388 200,316 204,322 208,409 212,577 4,524,779 Northwest ISD 1,011,944 - - - - 39,633 59,450 79,267 80,852 82,469 84,119 85,801 87,517 89,268 91,053 92,874 94,731 96,626 98,559 100,530 102,540 104,591 106,683 108,817 110,993 113,213 115,477 117,787 120,142 122,545 124,996 127,496 130,046 2,768,075 Denton County 198,497 - - - - 7,774 11,661 15,549 15,860 16,177 16,500 16,830 17,167 17,510 17,860 18,218 18,582 18,954 19,333 19,719 20,114 20,516 20,926 21,345 21,772 22,207 22,651 23,104 23,566 24,038 24,519 25,009 25,509 542,970 Trophy CLUB MUD 1 92,932 - - - - 3,640 5,460 7,279 7,425 7,574 7,725 7,880 8,037 8,198 8,362 8,529 8,700 8,874 9,051 9,232 9,417 9,605 9,797 9,993 10,193 10,397 10,605 10,817 11,033 11,254 11,479 11,709 11,943 254,206 Total 2,957,526 - - - - 115,834 173,750 231,667 236,301 241,027 245,847 250,764 255,779 260,895 266,113 271,435 276,864 282,401 288,049 293,810 299,686 305,680 311,794 318,029 324,390 330,878 337,495 344,245 351,130 358,153 365,316 372,622 380,075 8,090,029 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 357 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 23 PARTICIPATION REAL PROPERTY Taxable Value - - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Trophy Club 195,670 - - - - 7,664 11,495 15,327 15,634 15,946 16,265 16,591 16,922 17,261 17,606 17,958 18,317 18,684 19,057 19,438 19,827 20,224 20,628 21,041 21,462 21,891 22,329 22,775 23,231 23,695 24,169 24,653 25,146 535,237 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 111,655 - - - - 4,373 6,560 8,746 8,921 9,099 9,281 9,467 9,656 9,849 10,046 10,247 10,452 10,661 10,875 11,092 11,314 11,540 11,771 12,006 12,247 12,492 12,741 12,996 13,256 13,521 13,792 14,067 14,349 305,420 Trophy CLUB MUD 1 52,274 - - - - 2,047 3,071 4,095 4,177 4,260 4,345 4,432 4,521 4,611 4,704 4,798 4,894 4,991 5,091 5,193 5,297 5,403 5,511 5,621 5,734 5,848 5,965 6,085 6,206 6,330 6,457 6,586 6,718 142,991 Total 359,599 - - - - 14,084 21,126 28,168 28,731 29,306 29,892 30,490 31,100 31,722 32,356 33,003 33,663 34,336 35,023 35,724 36,438 37,167 37,910 38,668 39,442 40,231 41,035 41,856 42,693 43,547 44,418 45,306 46,212 983,648 PERSONAL PROPERTY Taxable Value - - - - 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 PV GROSS Total 163,287 - - - - 6,395 9,593 12,791 13,046 13,307 13,573 13,845 14,122 14,404 14,692 14,986 15,286 15,592 15,903 16,221 16,546 16,877 17,214 17,559 17,910 18,268 18,633 19,006 19,386 19,774 20,169 20,573 20,984 446,656 SUMMARY PV GROSS Trophy Club 358,957 - - - - 14,059 21,088 28,118 28,680 29,254 29,839 30,435 31,044 31,665 32,298 32,944 33,603 34,275 34,961 35,660 36,373 37,101 37,843 38,599 39,371 40,159 40,962 41,781 42,617 43,469 44,339 45,225 46,130 981,892 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 111,655 - - - - 4,373 6,560 8,746 8,921 9,099 9,281 9,467 9,656 9,849 10,046 10,247 10,452 10,661 10,875 11,092 11,314 11,540 11,771 12,006 12,247 12,492 12,741 12,996 13,256 13,521 13,792 14,067 14,349 305,420 Trophy CLUB MUD 1 52,274 - - - - 2,047 3,071 4,095 4,177 4,260 4,345 4,432 4,521 4,611 4,704 4,798 4,894 4,991 5,091 5,193 5,297 5,403 5,511 5,621 5,734 5,848 5,965 6,085 6,206 6,330 6,457 6,586 6,718 142,991 Total 522,886 - - - - 20,479 30,719 40,958 41,778 42,613 43,465 44,335 45,221 46,126 47,048 47,989 48,949 49,928 50,927 51,945 52,984 54,044 55,125 56,227 57,352 58,499 59,669 60,862 62,079 63,321 64,587 65,879 67,197 1,430,303 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,295,197 - - - - 50,727 76,091 101,455 103,484 105,553 107,664 109,818 112,014 114,254 116,539 118,870 121,248 123,673 126,146 128,669 131,242 133,867 136,545 139,275 142,061 144,902 147,800 150,756 153,771 156,847 159,984 163,183 166,447 3,542,886 Northwest ISD 1,011,944 - - - - 39,633 59,450 79,267 80,852 82,469 84,119 85,801 87,517 89,268 91,053 92,874 94,731 96,626 98,559 100,530 102,540 104,591 106,683 108,817 110,993 113,213 115,477 117,787 120,142 122,545 124,996 127,496 130,046 2,768,075 Denton County 86,842 - - - - 3,401 5,102 6,802 6,939 7,077 7,219 7,363 7,511 7,661 7,814 7,970 8,130 8,292 8,458 8,627 8,800 8,976 9,155 9,338 9,525 9,716 9,910 10,108 10,310 10,517 10,727 10,941 11,160 237,549 Trophy CLUB MUD 1 40,658 - - - - 1,592 2,389 3,185 3,248 3,313 3,380 3,447 3,516 3,587 3,658 3,731 3,806 3,882 3,960 4,039 4,120 4,202 4,286 4,372 4,459 4,549 4,640 4,732 4,827 4,924 5,022 5,122 5,225 111,215 Total 2,434,640 - - - - 95,354 143,032 190,709 194,523 198,413 202,382 206,429 210,558 214,769 219,065 223,446 227,915 232,473 237,122 241,865 246,702 251,636 256,669 261,802 267,038 272,379 277,827 283,383 289,051 294,832 300,729 306,743 312,878 6,659,725 Town Council Page 358 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 24 Financial Feasibility Analysis ►INPUT INFLATION RATE 2.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.49930000 60%0.2995800 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 60%0.1709484 Trophy CLUB MUD 1 0.13339000 60%0.0800340 2.37010400 0.5505624 PERSONAL PROPERTY TAX Trophy Club 0.49930000 0%0.0000000 Northwest ISD 1.45250000 0%0.0000000 Denton County 0.28491400 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.37010400 0.0000000 Sales Tax Rate 0.0200000 12.50%0.0025000 Block E & F AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Retail 2019 23,700 300.00$ 7,110,000$ 20.00$ 474,000$ 300.00$ 7,110,000$ Office 2019 12,000 200.00$ 2,400,000$ 10.00$ 120,000$ TOTAL 35,700 9,510,000 594,000 7,110,000 ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 50.5%6,727,487$ =1,658,164$ +103,570$ +4,965,753$ Northwest ISD 38.5%5,125,013$ =4,823,721$ +301,292$ +-$ Denton County 7.5%1,005,293$ =946,193$ +59,100$ +-$ Trophy CLUB MUD 1 3.5%470,654$ =442,985$ +27,669$ +-$ 100.0%13,328,447 7,871,064$ 491,631$ 4,965,753$ 100.0%59.1%3.7%37.3% TOTAL PARTICIPATION TOTAL Trophy Club 66.0%1,615,618$ =994,899$ +-$ +620,719$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Denton County 23.2%567,716$ =567,716$ +-$ +-$ Trophy CLUB MUD 1 10.9%265,791$ =265,791$ +-$ +-$ 100.0%2,449,125$ 1,828,406$ -$ 620,719$ 100.0%74.7%0.0%25.3% NET BENEFIT TOTAL Trophy Club 47.0%5,111,869$ =663,266$ +103,570$ +4,345,034$ Northwest ISD 47.1%5,125,013$ =4,823,721$ +301,292$ +-$ Denton County 4.0%437,577$ =378,477$ +59,100$ +-$ Trophy CLUB MUD 1 1.9%204,863$ =177,194$ +27,669$ +-$ 100.0%10,879,323$ 6,042,658$ 491,631$ 4,345,034$ 100.0%55.5%4.5%39.9% REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES 30 YEAR - BLOCK E : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES Town Council Page 359 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 25 Financial Feasibility Analysis Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% REAL PROPERTY Taxable Value - - - 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 PV GROSS Trophy Club 606,186 - - - - 23,742 35,613 47,483 48,433 49,402 50,390 51,398 52,426 53,474 54,544 55,634 56,747 57,882 59,040 60,220 61,425 62,653 63,906 65,185 66,488 67,818 69,174 70,558 71,969 73,408 74,877 76,374 77,902 1,658,164 Northwest ISD 1,763,440 - - - - 69,066 103,600 138,133 140,895 143,713 146,588 149,519 152,510 155,560 158,671 161,845 165,081 168,383 171,751 175,186 178,689 182,263 185,908 189,627 193,419 197,288 201,233 205,258 209,363 213,550 217,821 222,178 226,621 4,823,721 D enton County 345,906 - - - - 13,548 20,321 27,095 27,637 28,190 28,754 29,329 29,915 30,514 31,124 31,746 32,381 33,029 33,690 34,363 35,051 35,752 36,467 37,196 37,940 38,699 39,473 40,262 41,067 41,889 42,727 43,581 44,453 946,193 Trophy CLUB MUD 1 161,945 - - - - 6,343 9,514 12,685 12,939 13,198 13,462 13,731 14,006 14,286 14,572 14,863 15,160 15,463 15,773 16,088 16,410 16,738 17,073 17,414 17,763 18,118 18,480 18,850 19,227 19,611 20,004 20,404 20,812 442,985 Total 2,877,477 - - - - 112,698 169,048 225,397 229,905 234,503 239,193 243,977 248,856 253,834 258,910 264,088 269,370 274,758 280,253 285,858 291,575 297,406 303,355 309,422 315,610 321,922 328,361 334,928 341,626 348,459 355,428 362,537 369,787 7,871,064 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% PERSONAL PROPERTY Taxable Value - - - - 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 PV GROSS Trophy Club 37,863 - - - - 1,483 2,224 2,966 3,025 3,086 3,147 3,210 3,275 3,340 3,407 3,475 3,544 3,615 3,688 3,761 3,837 3,913 3,992 4,071 4,153 4,236 4,321 4,407 4,495 4,585 4,677 4,770 4,866 103,570 Northwest ISD 110,145 - - - - 4,314 6,471 8,628 8,800 8,976 9,156 9,339 9,526 9,716 9,911 10,109 10,311 10,517 10,728 10,942 11,161 11,384 11,612 11,844 12,081 12,323 12,569 12,821 13,077 13,338 13,605 13,877 14,155 301,292 Denton County 21,605 - - - - 846 1,269 1,692 1,726 1,761 1,796 1,832 1,869 1,906 1,944 1,983 2,023 2,063 2,104 2,146 2,189 2,233 2,278 2,323 2,370 2,417 2,465 2,515 2,565 2,616 2,669 2,722 2,777 59,100 Trophy CLUB MUD 1 10,115 - - - - 396 594 792 808 824 841 858 875 892 910 928 947 966 985 1,005 1,025 1,045 1,066 1,088 1,109 1,132 1,154 1,177 1,201 1,225 1,249 1,274 1,300 27,669 Total 179,729 - - - - 7,039 10,559 14,078 14,360 14,647 14,940 15,239 15,544 15,855 16,172 16,495 16,825 17,162 17,505 17,855 18,212 18,576 18,948 19,327 19,713 20,107 20,510 20,920 21,338 21,765 22,200 22,644 23,097 491,631 % OCCUPIED 0%0%0%0%50%75% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% SALES TAX Taxable Value - - - - 3,555,000 5,332,500 7,110,000 7,252,200 7,397,244 7,545,189 7,696,093 7,850,015 8,007,015 8,167,155 8,330,498 8,497,108 8,667,050 8,840,391 9,017,199 9,197,543 9,381,494 9,569,124 9,760,506 9,955,716 10,154,831 10,357,927 10,565,086 10,776,388 10,991,915 11,211,754 11,435,989 11,664,709 PV GROSS Total 1,815,363 - - - - 71,100 106,650 142,200 145,044 147,945 150,904 153,922 157,000 160,140 163,343 166,610 169,942 173,341 176,808 180,344 183,951 187,630 191,382 195,210 199,114 203,097 207,159 211,302 215,528 219,838 224,235 228,720 233,294 4,965,753 SUMMARY PV GROSS Trophy Club 2,459,412 - - - - 96,325 144,487 192,649 196,502 200,432 204,441 208,530 212,700 216,954 221,293 225,719 230,234 234,838 239,535 244,326 249,212 254,197 259,281 264,466 269,755 275,151 280,654 286,267 291,992 297,832 303,788 309,864 316,062 6,727,487 Northwest ISD 1,873,585 - - - - 73,380 110,070 146,761 149,696 152,690 155,744 158,858 162,036 165,276 168,582 171,953 175,393 178,900 182,478 186,128 189,850 193,647 197,520 201,471 205,500 209,610 213,802 218,079 222,440 226,889 231,427 236,055 240,776 5,125,013 Denton County 367,512 - - - - 14,394 21,591 28,788 29,363 29,951 30,550 31,161 31,784 32,420 33,068 33,729 34,404 35,092 35,794 36,510 37,240 37,985 38,744 39,519 40,310 41,116 41,938 42,777 43,633 44,505 45,395 46,303 47,229 1,005,293 Trophy CLUB MUD 1 172,060 - - - - 6,739 10,108 13,478 13,747 14,022 14,303 14,589 14,880 15,178 15,482 15,791 16,107 16,429 16,758 17,093 17,435 17,784 18,139 18,502 18,872 19,250 19,635 20,027 20,428 20,836 21,253 21,678 22,112 470,654 Total 4,872,570 - - - - 190,838 286,256 381,675 389,309 397,095 405,037 413,138 421,400 429,828 438,425 447,193 456,137 465,260 474,565 484,057 493,738 503,612 513,685 523,958 534,438 545,126 556,029 567,149 578,492 590,062 601,864 613,901 626,179 13,328,447 T A X R E V E N U E P R O J E C T I O N S & C O S T - B E N E F I T A N A L Y S I S Town Council Page 360 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 26 PARTICIPATION REAL PROPERTY Taxable Value - - - - 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 PV GROSS Trophy Club 363,712 - - - - 14,245 21,368 28,490 29,060 29,641 30,234 30,839 31,455 32,084 32,726 33,381 34,048 34,729 35,424 36,132 36,855 37,592 38,344 39,111 39,893 40,691 41,505 42,335 43,181 44,045 44,926 45,824 46,741 994,899 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 207,544 - - - - 8,129 12,193 16,257 16,582 16,914 17,252 17,597 17,949 18,308 18,674 19,048 19,429 19,817 20,214 20,618 21,030 21,451 21,880 22,318 22,764 23,219 23,684 24,157 24,640 25,133 25,636 26,149 26,672 567,716 Trophy CLUB MUD 1 97,167 - - - - 3,806 5,708 7,611 7,763 7,919 8,077 8,239 8,403 8,571 8,743 8,918 9,096 9,278 9,464 9,653 9,846 10,043 10,244 10,449 10,658 10,871 11,088 11,310 11,536 11,767 12,002 12,242 12,487 265,791 Total 668,423 - - - - 26,179 39,269 52,358 53,406 54,474 55,563 56,675 57,808 58,964 60,143 61,346 62,573 63,825 65,101 66,403 67,731 69,086 70,468 71,877 73,315 74,781 76,276 77,802 79,358 80,945 82,564 84,215 85,900 1,828,406 PERSONAL PROPERTY Taxable Value - - - - 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - 3,555,000 5,332,500 7,110,000 7,252,200 7,397,244 7,545,189 7,696,093 7,850,015 8,007,015 8,167,155 8,330,498 8,497,108 8,667,050 8,840,391 9,017,199 9,197,543 9,381,494 9,569,124 9,760,506 9,955,716 10,154,831 10,357,927 10,565,086 10,776,388 10,991,915 11,211,754 11,435,989 11,664,709 PV GROSS Total 226,920 - - - - 8,888 13,331 17,775 18,131 18,493 18,863 19,240 19,625 20,018 20,418 20,826 21,243 21,668 22,101 22,543 22,994 23,454 23,923 24,401 24,889 25,387 25,895 26,413 26,941 27,480 28,029 28,590 29,162 620,719 SUMMARY PV GROSS Trophy Club 590,632 - - - - 23,133 34,699 46,265 47,190 48,134 49,097 50,079 51,080 52,102 53,144 54,207 55,291 56,397 57,525 58,675 59,849 61,046 62,267 63,512 64,782 66,078 67,399 68,747 70,122 71,525 72,955 74,414 75,903 1,615,618 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Denton County 207,544 - - - - 8,129 12,193 16,257 16,582 16,914 17,252 17,597 17,949 18,308 18,674 19,048 19,429 19,817 20,214 20,618 21,030 21,451 21,880 22,318 22,764 23,219 23,684 24,157 24,640 25,133 25,636 26,149 26,672 567,716 Trophy CLUB MUD 1 97,167 - - - - 3,806 5,708 7,611 7,763 7,919 8,077 8,239 8,403 8,571 8,743 8,918 9,096 9,278 9,464 9,653 9,846 10,043 10,244 10,449 10,658 10,871 11,088 11,310 11,536 11,767 12,002 12,242 12,487 265,791 Total 895,343 - - - - 35,067 52,600 70,133 71,536 72,967 74,426 75,915 77,433 78,982 80,561 82,173 83,816 85,492 87,202 88,946 90,725 92,540 94,390 96,278 98,204 100,168 102,171 104,215 106,299 108,425 110,593 112,805 115,061 2,449,125 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,868,780 - - - - 73,192 109,788 146,384 149,312 152,298 155,344 158,451 161,620 164,852 168,149 171,512 174,943 178,442 182,010 185,651 189,364 193,151 197,014 200,954 204,973 209,073 213,254 217,519 221,870 226,307 230,833 235,450 240,159 5,111,869 Northwest ISD 1,873,585 - - - - 73,380 110,070 146,761 149,696 152,690 155,744 158,858 162,036 165,276 168,582 171,953 175,393 178,900 182,478 186,128 189,850 193,647 197,520 201,471 205,500 209,610 213,802 218,079 222,440 226,889 231,427 236,055 240,776 5,125,013 Denton County 159,968 - - - - 6,265 9,398 12,531 12,781 13,037 13,297 13,563 13,835 14,111 14,394 14,681 14,975 15,275 15,580 15,892 16,210 16,534 16,864 17,202 17,546 17,897 18,255 18,620 18,992 19,372 19,759 20,155 20,558 437,577 Trophy CLUB MUD 1 74,893 - - - - 2,933 4,400 5,866 5,984 6,103 6,226 6,350 6,477 6,607 6,739 6,874 7,011 7,151 7,294 7,440 7,589 7,741 7,896 8,053 8,215 8,379 8,546 8,717 8,892 9,069 9,251 9,436 9,625 204,863 Total 3,977,227 - - - - 155,771 233,656 311,542 317,773 324,128 330,611 337,223 343,967 350,847 357,864 365,021 372,321 379,768 387,363 395,110 403,013 411,073 419,294 427,680 436,234 444,958 453,858 462,935 472,193 481,637 491,270 501,095 511,117 10,879,323 Town Council Page 361 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 27 Financial Feasibility Analysis TAXABLE BASE YEAR GROWTH 2% DISCOUNT RATE 6% Trophy Club 0.4993000 100% 0.4993000 Trophy Club 0.4993000 100% 0.4993000 Northwest ISD 1.4525000 100% 1.4525000 Northwest ISD 1.4525000 100% 1.4525000 Denton County 0.2849140 100% 0.2849140 Denton County 0.2849140 100% 0.2849140 Trophy CLUB MUD 1 0.1333900 100% 0.1333900 Trophy CLUB MUD 1 0.1333900 100% 0.1333900 2.3701040 2.3701040 2.3701040 2.3701040 BASE YEAR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 FY ENDING SEPTEMBER 30TH 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 TOTALS BASE YEAR Trophy Club 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Northwest ISD 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Denton County 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 Trophy CLUB MUD 1 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 5,589,082 TAXABLE VALUE Trophy Club 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Northwest ISD 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Denton County 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 Trophy CLUB MUD 1 5,700,864 5,814,881 5,931,179 6,049,802 6,170,798 6,294,214 6,420,098 6,548,500 6,679,470 6,813,060 6,949,321 7,088,307 7,230,074 7,374,675 7,522,169 7,672,612 7,826,064 7,982,585 8,142,237 8,305,082 8,471,183 8,640,607 8,813,419 8,989,688 9,169,481 9,352,871 9,539,928 9,730,727 9,925,342 10,123,848 10,326,325 10,532,852 TAXABLE VALUE INCREMENT Trophy Club 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Northwest ISD 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Denton County 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 Trophy CLUB MUD 1 111,782 225,799 342,097 460,720 581,716 705,132 831,016 959,418 1,090,388 1,223,978 1,360,239 1,499,225 1,640,992 1,785,593 1,933,087 2,083,530 2,236,982 2,393,503 2,553,155 2,716,000 2,882,101 3,051,525 3,224,337 3,400,606 3,580,399 3,763,789 3,950,846 4,141,645 4,336,260 4,534,766 4,737,243 4,943,770 REVENUE A TAXABLE VALUE GROWTH Trophy Club 558 1,127 1,708 2,300 2,905 3,521 4,149 4,790 5,444 6,111 6,792 7,486 8,193 8,915 9,652 10,403 11,169 11,951 12,748 13,561 14,390 15,236 16,099 16,979 17,877 18,793 19,727 20,679 21,651 22,642 23,653 24,684 365,895 Trophy Club Northwest ISD 1,624 3,280 4,969 6,692 8,449 10,242 12,071 13,936 15,838 17,778 19,757 21,776 23,835 25,936 28,078 30,263 32,492 34,766 37,085 39,450 41,863 44,323 46,833 49,394 52,005 54,669 57,386 60,157 62,984 65,867 68,808 71,808 1,064,416 Northwest ISD Denton County 318 643 975 1,313 1,657 2,009 2,368 2,734 3,107 3,487 3,876 4,272 4,675 5,087 5,508 5,936 6,373 6,819 7,274 7,738 8,212 8,694 9,187 9,689 10,201 10,724 11,257 11,800 12,355 12,920 13,497 14,085 208,790 Denton County Trophy CLUB MUD 1 149 301 456 615 776 941 1,108 1,280 1,454 1,633 1,814 2,000 2,189 2,382 2,579 2,779 2,984 3,193 3,406 3,623 3,844 4,070 4,301 4,536 4,776 5,021 5,270 5,525 5,784 6,049 6,319 6,594 97,750 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL A 525,809 2,649 5,352 8,108 10,920 13,787 16,712 19,696 22,739 25,843 29,010 32,239 35,533 38,893 42,320 45,816 49,382 53,019 56,729 60,512 64,372 68,309 72,324 76,420 80,598 84,859 89,206 93,639 98,161 102,774 107,479 112,278 117,172 1,736,851 REVENUE #1 - BLOCK A REAL PROPERTY TAX 0 0 5,745,000 11,490,000 11,719,800 11,954,196 12,193,280 12,437,146 12,685,888 12,939,606 13,198,398 13,462,366 13,731,614 14,006,246 14,286,371 14,572,098 14,863,540 15,160,811 15,464,027 15,773,308 16,088,774 16,410,549 16,738,760 17,073,536 17,415,006 17,763,306 18,118,573 18,480,944 18,850,563 19,227,574 19,612,126 20,004,368 BUSINESS PERSONAL PROPERTY 0 0 383,000 766,000 781,320 796,946 812,885 829,143 845,726 862,640 879,893 897,491 915,441 933,750 952,425 971,473 990,903 1,010,721 1,030,935 1,051,554 1,072,585 1,094,037 1,115,917 1,138,236 1,161,000 1,184,220 1,207,905 1,232,063 1,256,704 1,281,838 1,307,475 1,333,625 Trophy Club 0 0 30,597 61,194 62,418 63,666 64,940 66,239 67,563 68,915 70,293 71,699 73,133 74,595 76,087 77,609 79,161 80,744 82,359 84,007 85,687 87,400 89,148 90,931 92,750 94,605 96,497 98,427 100,396 102,403 104,452 106,541 2,404,457 Trophy Club Northwest ISD 0 0 89,009 178,018 181,579 185,210 188,915 192,693 196,547 200,478 204,487 208,577 212,748 217,003 221,344 225,770 230,286 234,891 239,589 244,381 249,269 254,254 259,339 264,526 269,816 275,213 280,717 286,331 292,058 297,899 303,857 309,934 6,994,741 Northwest ISD Denton County 0 0 17,460 34,919 35,617 36,330 37,056 37,798 38,553 39,325 40,111 40,913 41,732 42,566 43,417 44,286 45,172 46,075 46,996 47,936 48,895 49,873 50,870 51,888 52,926 53,984 55,064 56,165 57,288 58,434 59,603 60,795 1,372,048 Denton County Trophy CLUB MUD 1 0 0 8,174 16,348 16,675 17,009 17,349 17,696 18,050 18,411 18,779 19,155 19,538 19,928 20,327 20,734 21,148 21,571 22,003 22,443 22,892 23,349 23,816 24,293 24,779 25,274 25,780 26,295 26,821 27,358 27,905 28,463 642,360 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #1 4,220,902 0 0 145,240 290,480 296,290 302,215 308,260 314,425 320,713 327,128 333,670 340,344 347,150 354,093 361,175 368,399 375,767 383,282 390,948 398,767 406,742 414,877 423,174 431,638 440,271 449,076 458,058 467,219 476,563 486,094 495,816 505,733 11,413,606 REVENUE #2 - BLOCK B REAL PROPERTY TAX 0 0 24,724,300 37,086,450 49,448,600 50,437,572 51,446,323 52,475,250 53,524,755 54,595,250 55,687,155 56,800,898 57,936,916 59,095,654 60,277,567 61,483,119 62,712,781 63,967,037 65,246,378 66,551,305 67,882,331 69,239,978 70,624,777 72,037,273 73,478,018 74,947,579 76,446,530 77,975,461 79,534,970 81,125,670 82,748,183 84,403,147 BUSINESS PERSONAL PROPERTY 0 0 844,120 1,266,180 1,688,240 1,722,005 1,756,445 1,791,574 1,827,405 1,863,953 1,901,232 1,939,257 1,978,042 2,017,603 2,057,955 2,099,114 2,141,097 2,183,918 2,227,597 2,272,149 2,317,592 2,363,944 2,411,222 2,459,447 2,508,636 2,558,809 2,609,985 2,662,184 2,715,428 2,769,737 2,825,131 2,881,634 Trophy Club 0 0 127,663 191,495 255,326 260,433 265,641 270,954 276,373 281,901 287,539 293,290 299,155 305,138 311,241 317,466 323,815 330,292 336,898 343,636 350,508 357,518 364,669 371,962 379,401 386,989 394,729 402,624 410,676 418,890 427,268 435,813 9,779,304 Trophy Club Northwest ISD 0 0 371,381 557,072 742,763 757,618 772,770 788,226 803,990 820,070 836,471 853,201 870,265 887,670 905,423 923,532 942,003 960,843 980,059 999,661 1,019,654 1,040,047 1,060,848 1,082,065 1,103,706 1,125,780 1,148,296 1,171,262 1,194,687 1,218,581 1,242,952 1,267,811 28,448,707 Northwest ISD Denton County 0 0 72,848 109,272 145,696 148,610 151,582 154,614 157,706 160,860 164,077 167,359 170,706 174,120 177,603 181,155 184,778 188,473 192,243 196,088 200,009 204,010 208,090 212,252 216,497 220,827 225,243 229,748 234,343 239,030 243,810 248,687 5,580,334 Denton County Trophy CLUB MUD 1 0 0 34,106 51,159 68,211 69,576 70,967 72,387 73,834 75,311 76,817 78,353 79,921 81,519 83,149 84,812 86,509 88,239 90,004 91,804 93,640 95,512 97,423 99,371 101,359 103,386 105,453 107,563 109,714 111,908 114,146 116,429 2,612,580 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #2 17,054,735 0 0 605,998 908,997 1,211,996 1,236,236 1,260,961 1,286,180 1,311,904 1,338,142 1,364,905 1,392,203 1,420,047 1,448,448 1,477,417 1,506,965 1,537,104 1,567,846 1,599,203 1,631,187 1,663,811 1,697,087 1,731,029 1,765,650 1,800,963 1,836,982 1,873,722 1,911,196 1,949,420 1,988,408 2,028,177 2,068,740 46,420,925 30 YEAR - TOTAL REVENUE GENERATED OVERVIEW REAL PROPERTY TAX BUSINESS PERSONAL PROPERTY TAX Town Council Page 362 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 28 Financial Feasibility Analysis REVENUE #3 - BLOCK C REAL PROPERTY TAX 0 0 0 24,000,000 49,500,000 70,129,500 71,532,090 72,962,732 74,421,986 75,910,426 77,428,635 78,977,207 80,556,752 82,167,887 83,811,244 85,487,469 87,197,219 88,941,163 90,719,986 92,534,386 94,385,074 96,272,775 98,198,231 100,162,195 102,165,439 104,208,748 106,292,923 108,418,781 110,587,157 112,798,900 115,054,878 117,355,976 BUSINESS PERSONAL PROPERTY 0 0 0 800,000 1,406,475 1,875,300 1,912,806 1,951,062 1,990,083 2,029,885 2,070,483 2,111,892 2,154,130 2,197,213 2,241,157 2,285,980 2,331,700 2,378,334 2,425,901 2,474,419 2,523,907 2,574,385 2,625,873 2,678,390 2,731,958 2,786,597 2,842,329 2,899,176 2,957,159 3,016,302 3,076,628 3,138,161 Trophy Club 0 0 0 123,826 254,176 359,520 366,710 374,045 381,525 389,156 396,939 404,878 412,975 421,235 429,660 438,253 447,018 455,958 465,077 474,379 483,867 493,544 503,415 513,483 523,753 534,228 544,912 555,811 566,927 578,265 589,831 601,627 13,084,993 Northwest ISD 0 0 0 360,220 739,417 1,045,870 1,066,787 1,088,123 1,109,885 1,132,083 1,154,725 1,177,819 1,201,376 1,225,403 1,249,911 1,274,909 1,300,408 1,326,416 1,352,944 1,380,003 1,407,603 1,435,755 1,464,470 1,493,760 1,523,635 1,554,107 1,585,190 1,616,893 1,649,231 1,682,216 1,715,860 1,750,177 38,065,195 Denton County 0 0 0 70,659 145,040 205,152 209,255 213,440 217,709 222,063 226,504 231,034 235,655 240,368 245,175 250,079 255,080 260,182 265,386 270,693 276,107 281,629 287,262 293,007 298,867 304,845 310,942 317,160 323,504 329,974 336,573 343,305 7,466,648 Trophy CLUB MUD 1 0 0 0 33,081 67,904 96,047 97,968 99,928 101,926 103,965 106,044 108,165 110,328 112,535 114,785 117,081 119,423 121,811 124,247 126,732 129,267 131,852 134,489 137,179 139,923 142,721 145,576 148,487 151,457 154,486 157,576 160,727 3,495,708 npv @ 6% SUBTOTAL #3 21,964,143 0 0 0 587,786 1,206,536 1,706,589 1,740,720 1,775,535 1,811,046 1,847,266 1,884,212 1,921,896 1,960,334 1,999,541 2,039,531 2,080,322 2,121,928 2,164,367 2,207,654 2,251,807 2,296,844 2,342,780 2,389,636 2,437,429 2,486,177 2,535,901 2,586,619 2,638,351 2,691,118 2,744,941 2,799,840 2,855,836 62,112,544 REVENUE #4 - BLOCK D REAL PROPERTY TAX 0 0 0 0 2,558,100 3,837,150 5,116,200 5,218,524 5,322,894 5,429,352 5,537,939 5,648,698 5,761,672 5,876,906 5,994,444 6,114,333 6,236,619 6,361,352 6,488,579 6,618,350 6,750,717 6,885,732 7,023,446 7,163,915 7,307,193 7,453,337 7,602,404 7,754,452 7,909,541 8,067,732 8,229,087 8,393,668 BUSINESS PERSONAL PROPERTY 0 0 0 0 170,540 255,810 341,080 347,902 354,860 361,957 369,196 376,580 384,111 391,794 399,630 407,622 415,775 424,090 432,572 441,223 450,048 459,049 468,230 477,594 487,146 496,889 506,827 516,963 527,303 537,849 548,606 559,578 Trophy Club 0 0 0 0 13,624 20,436 27,248 27,793 28,349 28,916 29,494 30,084 30,686 31,300 31,926 32,564 33,215 33,880 34,557 35,248 35,953 36,672 37,406 38,154 38,917 39,695 40,489 41,299 42,125 42,968 43,827 44,704 951,532 Northwest ISD 0 0 0 0 39,633 59,450 79,267 80,852 82,469 84,119 85,801 87,517 89,268 91,053 92,874 94,731 96,626 98,559 100,530 102,540 104,591 106,683 108,817 110,993 113,213 115,477 117,787 120,142 122,545 124,996 127,496 130,046 2,768,075 Denton County 0 0 0 0 7,774 11,661 15,549 15,860 16,177 16,500 16,830 17,167 17,510 17,860 18,218 18,582 18,954 19,333 19,719 20,114 20,516 20,926 21,345 21,772 22,207 22,651 23,104 23,566 24,038 24,519 25,009 25,509 542,970 Trophy CLUB MUD 1 0 0 0 0 3,640 5,460 7,279 7,425 7,574 7,725 7,880 8,037 8,198 8,362 8,529 8,700 8,874 9,051 9,232 9,417 9,605 9,797 9,993 10,193 10,397 10,605 10,817 11,033 11,254 11,479 11,709 11,943 254,206 npv @ 6% SUBTOTAL #4 1,557,764 0 0 0 0 64,672 97,007 129,343 131,930 134,569 137,260 140,005 142,805 145,661 148,575 151,546 154,577 157,669 160,822 164,038 167,319 170,666 174,079 177,561 181,112 184,734 188,429 192,197 196,041 199,962 203,961 208,040 212,201 4,516,782 REVENUE #5 - BLOCK E REAL PROPERTY TAX 0 0 0 0 4,755,000 7,132,500 9,510,000 9,700,200 9,894,204 10,092,088 10,293,930 10,499,808 10,709,805 10,924,001 11,142,481 11,365,330 11,592,637 11,824,490 12,060,979 12,302,199 12,548,243 12,799,208 13,055,192 13,316,296 13,582,622 13,854,274 14,131,360 14,413,987 14,702,267 14,996,312 15,296,238 15,602,163 BUSINESS PERSONAL PROPERTY 0 0 0 0 297,000 445,500 594,000 605,880 617,998 630,358 642,965 655,824 668,940 682,319 695,966 709,885 724,083 738,564 753,336 768,402 783,770 799,446 815,435 831,743 848,378 865,346 882,653 900,306 918,312 936,678 955,412 974,520 Trophy Club 0 0 0 0 25,225 37,837 50,449 51,458 52,487 53,537 54,608 55,700 56,814 57,950 59,109 60,292 61,497 62,727 63,982 65,262 66,567 67,898 69,256 70,641 72,054 73,495 74,965 76,464 77,994 79,553 81,144 82,767 1,761,734 Northwest ISD 0 0 0 0 73,380 110,070 146,761 149,696 152,690 155,744 158,858 162,036 165,276 168,582 171,953 175,393 178,900 182,478 186,128 189,850 193,647 197,520 201,471 205,500 209,610 213,802 218,079 222,440 226,889 231,427 236,055 240,776 5,125,013 Denton County 0 0 0 0 14,394 21,591 28,788 29,363 29,951 30,550 31,161 31,784 32,420 33,068 33,729 34,404 35,092 35,794 36,510 37,240 37,985 38,744 39,519 40,310 41,116 41,938 42,777 43,633 44,505 45,395 46,303 47,229 1,005,293 Trophy CLUB MUD 1 0 0 0 0 6,739 10,108 13,478 13,747 14,022 14,303 14,589 14,880 15,178 15,482 15,791 16,107 16,429 16,758 17,093 17,435 17,784 18,139 18,502 18,872 19,250 19,635 20,027 20,428 20,836 21,253 21,678 22,112 470,654 npv @ 6% SUBTOTAL #5 2,884,157 0 0 0 0 119,738 179,606 239,475 244,265 249,150 254,133 259,216 264,400 269,688 275,082 280,583 286,195 291,919 297,757 303,713 309,787 315,983 322,302 328,748 335,323 342,030 348,870 355,848 362,965 370,224 377,628 385,181 392,885 8,362,695 REVENUE #6 - SALES SALES TAX 0 0 349,386 581,529 834,630 995,418 1,072,790 1,094,246 1,116,131 1,138,453 1,161,222 1,184,447 1,208,136 1,232,298 1,256,944 1,282,083 1,307,725 1,333,879 1,360,557 1,387,768 1,415,523 1,443,834 1,472,711 1,502,165 1,532,208 1,562,852 1,594,109 1,625,991 1,658,511 1,691,682 1,725,515 1,760,025 38,882,770 SUBTOTAL #6 14,031,666 0 0 349,386 581,529 834,630 995,418 1,072,790 1,094,246 1,116,131 1,138,453 1,161,222 1,184,447 1,208,136 1,232,298 1,256,944 1,282,083 1,307,725 1,333,879 1,360,557 1,387,768 1,415,523 1,443,834 1,472,711 1,502,165 1,532,208 1,562,852 1,594,109 1,625,991 1,658,511 1,691,682 1,725,515 1,760,025 38,882,770 REVENUE #7 - HOT HOTEL OCCUPANCY TAX 0 0 0 465,010 474,310 483,796 493,472 503,342 513,409 523,677 534,150 544,833 555,730 566,845 578,181 589,745 601,540 613,571 625,842 638,359 651,126 664,149 677,432 690,980 704,800 718,896 733,274 747,939 762,898 778,156 793,719 809,594 18,038,777 SUBTOTAL #7 6,561,745 0 0 0 465,010 474,310 483,796 493,472 503,342 513,409 523,677 534,150 544,833 555,730 566,845 578,181 589,745 601,540 613,571 625,842 638,359 651,126 664,149 677,432 690,980 704,800 718,896 733,274 747,939 762,898 778,156 793,719 809,594 18,038,777 REVENUE A, 1, 2, 3, 4, 5, 6, 7 2,649 5,352 1,108,732 2,844,722 4,221,959 5,017,581 5,264,718 5,372,661 5,482,764 5,595,069 5,709,619 5,826,461 5,945,640 6,067,202 6,191,195 6,317,668 6,446,671 6,578,254 6,712,468 6,849,367 6,989,004 7,131,433 7,276,711 7,424,895 7,576,042 7,730,212 7,887,466 8,047,864 8,211,471 8,378,350 8,548,566 8,722,187 191,484,950 Running Total 2,649 8,001 1,116,733 3,961,455 8,183,414 13,200,995 18,465,713 23,838,374 29,321,138 34,916,206 40,625,826 46,452,287 52,397,926 58,465,128 64,656,323 70,973,991 77,420,662 83,998,916 90,711,384 97,560,751 104,549,755 111,681,188 118,957,899 126,382,793 133,958,835 141,689,047 149,576,513 157,624,377 165,835,848 174,214,197 182,762,763 191,484,950 NET PRESENT VALUE @ 6%68,800,921 GROSS 191,484,950 DISTRICT BREAKDOWN 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 Trophy Club $30,749,087.13 558 1,127 509,354 1,425,355 1,922,614 2,224,628 2,345,401 2,392,867 2,441,282 2,490,666 2,541,037 2,592,416 2,644,823 2,698,277 2,752,801 2,808,415 2,865,141 2,923,002 2,982,021 3,042,219 3,103,622 3,166,252 3,230,135 3,295,296 3,361,760 3,429,554 3,498,703 3,569,235 3,641,178 3,714,559 3,789,409 3,865,755 85,269,462 Northwest ISD $29,543,601.68 1,624 3,280 465,359 1,102,002 1,785,221 2,168,461 2,266,570 2,313,525 2,361,419 2,410,271 2,460,100 2,510,926 2,562,768 2,615,647 2,669,584 2,724,599 2,780,714 2,837,952 2,896,335 2,955,885 3,016,627 3,078,583 3,141,778 3,206,237 3,271,986 3,339,049 3,407,454 3,477,226 3,548,395 3,620,986 3,695,029 3,770,554 82,466,146 Denton County $5,795,102.05 318 643 91,282 216,162 350,179 425,353 444,597 453,808 463,202 472,785 482,559 492,529 502,698 513,070 523,650 534,442 545,449 556,676 568,128 579,809 591,724 603,877 616,273 628,917 641,814 654,969 668,386 682,073 696,033 710,272 724,796 739,610 16,176,082 Trophy CLUB MUD 1 $2,713,129.80 149 301 42,736 101,202 163,945 199,140 208,150 212,462 216,860 221,347 225,923 230,590 235,351 240,207 245,161 250,213 255,366 260,623 265,984 271,453 277,031 282,721 288,524 294,444 300,482 306,641 312,923 319,330 325,866 332,532 339,332 346,268 7,573,259 TOTALS 2,649 5,352 1,108,732 2,844,722 4,221,959 5,017,581 5,264,718 5,372,661 5,482,764 5,595,069 5,709,619 5,826,461 5,945,640 6,067,202 6,191,195 6,317,668 6,446,671 6,578,254 6,712,468 6,849,367 6,989,004 7,131,433 7,276,711 7,424,895 7,576,042 7,730,212 7,887,466 8,047,864 8,211,471 8,378,350 8,548,566 8,722,187 100,773,565 Town Council Page 363 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 29 Projects Cost Estimates: All project costs listed in the project plan shall be considered estimates and shall not be considered a cap on expenditures. Length of TIRZ #2 in Years: The TIRZ has a 32-year term and is scheduled to end on December 31, 2046. Powers and Duties of Board of Directors: The Board shall have all powers granted to it by Chapter 311 of the Texas Tax Code, including powers of a municipality under Chapter 380, Local Government Code. The Board shall not be authorized to: issue bonds; impose taxes or fees; exercise the power of eminent domain; or give final approval to the Zone’s project and financing plan. Financial Feasibility Analysis Town Council Page 364 of 465 Meeting Date: Monday, April 21, 2014 Preliminary Project and Financing Plan, TIRZ #2 30 Exhibit A Account Number Owner Name Owner Address Legal 1 Acres SQ FT Land Value AG Exemption Taxable Value 68347 JSB Properties LP 6211 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 19, 3.4096 Acres, Old Dcad Tr #3b 3.4096 148522.18 $594,088 0 $594,088 171495 JSB Properties LP 6212 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 21, Acres 4.3073 4.3073 187625.99 $750,504 0 $754,852 171494 JSB Properties LP 6213 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 21a, 5.612 Acres 5.612 244458.72 $977,836 0 $977,836 151108 JSB Properties LP 12222 Merit Dr Ste 120 Dallas, TX 75251-2228 A0823a C. Medlin, Tr 22, 13.055 Acres, Old Dcad Tr #4b 13.055 568675.8 $2,274,700 0 $2,274,700 171493 JSB Properties LP 6213 Raintree Ct Dallas, TX 75254-8602 A0823a C. Medlin, Tr 1a, Acres 2.077 2.077 90474.12 $361,896 $499,426 335139 Trophy Club Municipal 100 Municipal Drive Trophy Club, TX 76262 Municipal Utlity District No 1 Complex Blk 1 Lot 1 0.936 40772.16 $163,089 0 $0 335140 Trophy Club Municipal 100 Municipal Drive Trophy Club, TX 76262 Municipal Utlity District No 1 Complex Blk 1 Lot 2 1.287 56061.72 $224,247 0 $0 185201 Holley, Russell W Trs Of Cyrus & Shirley C Holley 1991 Irrev Trst 692 Garden Court Southlake TX, 76092-3502 The Village At Trophy Club Lot 3 1.6010101 69740 $488,180 0 $488,180 335141 Trophy Club Municipal 100 Municipal Drive Trophy Club, TX 76262 Municipal Utlity District No 1 Complex Blk 1 Lot 3 3.044 132596.64 $530,387 0 $0 Trophy Club TIRZ #2 Parcels Town Council Page 365 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1076-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/1/2014 Town Council On agenda:Final action:4/7/2014 Title:Consider and take appropriate action regarding a Resolution appointing citizens to serve on the Board of Directors for the newly created Reinvestment Zone Number Two, Town of Trophy Club, Texas; appointing a member of the Board of Directors of the Reinvestment Zone Number Two to serve as a chairperson for the board and designating staggered terms of service; providing for the appointment of a Chairperson; and providing an effective date. Attachments:Staff Report - TIRZ #2 Board Appointments 4-21-2014.pdf RES 2014-08 Appointing Citizens to the TIRZ #2 Board 4-21-2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Resolution appointing citizens to serve on the Board of Directors for the newly created Reinvestment Zone Number Two, Town of Trophy Club, Texas; appointing a member of the Board of Directors of the Reinvestment Zone Number Two to serve as a chairperson for the board and designating staggered terms of service; providing for the appointment of a Chairperson; and providing an effective date. Town Council Page 366 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Stephen Seidel, Assistant Town Manager CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: TIRZ #2 Board Appointments Town Council Meeting, Monday, April 21, 2014 Agenda Item: Consider and take appropriate action regarding a Resolution appointing citizens to serve on the Board of Directors for the newly created Reinvestment Zone Number Two, Town of Trophy Club, Texas; appointing a member of the Board of Directors of the Reinvestment Zone Number Two to serve as a chairperson for the board and designating staggered terms of service; providing for the appointment of a Chairperson; and providing an effective date. Explanation: The Council will consider an ordinance creating a Tax Increment Reinvestment Zone #2 at the April 21, 2014 Council meeting. The TIRZ #2 creation ordinance states the Council will appoint a TIRZ Board as well as the Board’s Chair. Town staff recommends appointing existing TIRZ #1 Board members as the TIRZ #2 Board, with the exception of replacing a Tarrant County official for a Denton County official. There is a level of expertise needed to understand how TIRZ’s operate, a continuity of economic development incentive direction, and efficiency by having the same individuals serve both TIRZ’s. The Council needs to designate staggered terms for the Board members as well as name the Chair. Below is the recommendation for the Board: 1. Denton County Official 2. *David Brod, EDC-4B Director & TIRZ #1 Chair 3. Darryl Howard 4. Jared King 5. Adam Broyles *EDC-4B has a permanent representative on each TIRZ. Town staff has met with the Trophy Club Municipal Utility District No. 1 regarding their participation in TIRZ #2. David Pettit, the Town’s TIRZ consultant, will present to the Trophy Club Municipal Utility District No. 1 Board at their April meeting to discuss how their Town Council Page 367 of 465 Meeting Date: Monday, April 21, 2014 participation would impact the project and Trophy Club Municipal Utility District No. 1. If Trophy Club Municipal Utility District No. 1 desires to participate and takes official action, the Town Council will need amend the Board Resolution to appoint an additional member to the TIRZ #2 Board as Trophy Club Municipal Utility District No. 1 representative. Attachments: • Resolution 2014-08 Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends approval of the resolution appointing citizens of TIRZ #1 Board members as TIRZ #2 Board members, while replacing Tarrant County representative for a Denton County representative. Town Council Page 368 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2014-08 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, APPOINTING CITIZENS RESIDING WITHIN THE TOWN TO SERVE AS DIRECTORS OF THE NEWLY CREATED REINVESTMENT ZONE NO. TWO; SETTING FORTH THE NAMES OF QUALIFIED PERSONS APPOINTED TO THE BOARD, DESIGNATING INITIAL ONE AND TWO YEAR TERMS OF OFFICE AND THEREAFTER DESIGNATING TWO YEAR STAGGERED TERMS OF OFFICE FOR ALL MEMBERS; ACKNOWLEDGING THE APPOINTMENT OF A DIRECTOR TO BE NAMED BY DENTON COUNTY AT A LATER DATE AND PROVIDING THAT DIRECTOR’S TERM OF OFFICE SHALL EXPIRE IN 2015; APPOINTING A MEMBER OF THE BOARD OF DIRECTORS OF REINVESTMENT ZONE NO. TWO, TOWN OF TROPHY CLUB, TEXAS TO SERVE AS CHAIRPERSON FOR THE BOARD AND DESIGNATING A TERM OF SERVICE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town of Trophy Club, Texas, benefits by having its citizens involved in local government through service on Boards and Commissions; and WHEREAS, the Trophy Club Town Council is charged with the responsibility of making appointments to the Boards, Commissions and Corporations serving the Town whose terms are expiring and to replace members who have resigned; and WHEREAS, pursuant to Ordinance No. 2014-09 the Town has determined it appropriate and beneficial to create Reinvestment Zone Number Two within the Town of Trophy Club; and WHEREAS, State law provides that Directors shall be appointed for staggered one (1) and two (2) year terms, that one (1) member shall be appointed by the Town Council to serve as Chairman for a term of one (1) year beginning on January 1 of the following year, and that the Board of Directors may appoint a Vice-Chair and other officers that the Board determines appropriate; and WHEREAS, the Town Council has determined it appropriate to utilize the knowledge and expertise of those Trophy Club residents already serving as Directors for Reinvestment Zone Number One by appointing those same residents to serve as Directors for Reinvestment Zone Number Two; and NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the foregoing recitals are incorporated herein as if written word for word. Town Council Page 369 of 465 Meeting Date: Monday, April 21, 2014 Section 2. That the Town Council hereby finds that the following individuals recommended to the Board reside within the boundaries of the Town and hereby appoints the following four (4) citizens of the Town to serve as the Board of Directors for the Reinvestment Zone No. Two with respective terms of service ending on September 30 of the year specified below. One Director will be named by Denton County at a later date and will have a term expiring in 2015: Reinvestment Zone No. 2, Town of Trophy Club, Texas 1. _______**(2015) Denton County Official 4. Jared King (2015) 2. *David Brod (2016) (EDC-4B) 5. Adam Broyles (2016) 3. Darryl Howard (2016) *Board Chair - appointment expires December 31, 2014 **To be appointed at a later date – appointee to be named by Denton County Section 3. That this Resolution shall become effective from and after its date of passage in accordance with the law. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, on this 21st day of April, 2014. Connie White, Mayor Town of Trophy Club, Texas ATTEST: APPROVED AS TO FORM: Tammy Ard, Town Secretary Patricia A. Adams, Town Attorney Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 370 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1098-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/12/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding the award of the bid for the Indian Creek Drive Project and authorizing the Mayor or her designee to execute all necessary documents. Attachments:Staff Report - Indian Creek Project.pdf Recommendation of Award and Bid Tabulation.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the award of the bid for the Indian Creek Drive Project and authorizing the Mayor or her designee to execute all necessary documents. Town Council Page 371 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Ed Helton, Director of Street Services CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Indian Creek Drive Project Town Council Meeting, Monday, April 21, 2014 Agenda Item: Consider and take appropriate action regarding the award of the bid for the Indian Creek Drive Project and authorizing the Mayor or her designee to execute all necessary documents. Explanation: The section of Indian Creek from Edgemere Drive to Meadowbrook Lane is in need of reconstruction and has been on the five (5) year out plan for six (6) years. Also a section of Meadowbrook Drive from #2 to #8 needs replacement. On April 15, 2014, five (5) sealed bids were opened and the lowest qualified bid was submitted by the Fain Group Inc. The bid included a base bid of $1,340,107.50 an Alternate #1 (sidewalks along Indian Creek) bid of $24,210.00 and an Alternate #2 (paving and drainage improvements for Meadowbrook Lane) bid of $181,537.30 for a total bid of $1,545,854.80. Attachments: • Recommendation of Award and Bid Tabulation Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Town Council Page 372 of 465 Meeting Date: Monday, April 21, 2014 Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends the bid for the Indian Creek Drive Project be awarded to The Fain Group, Inc. in the amount of $1,545,854.80. Town Council Page 373 of 465 Meeting Date: Monday, April 21, 2014 Fort Worth110 Denton1517 Centr R April 17, Mike Slye Town Man Town of T 100 Muni Trophy Cl Re: Re Ind Dear Mike On April tabulation lowest qu Alternate $1,545,8 sides of In Meadowb To determ evaluated has met th constructio and their Based up Inc. Sincerely, tnp teague na Tom Ru Tom Rutle Principal Attachmen 00 Macon StreetFo re Place Drive, Suite 32 egistered by the Texas 2014 e nager Trophy Club icipal Drive lub, Texas 7 ecommenda dian Creek e: 15, 2014, n has been p ualified Base 2 Bid of $1 54.80. Alte ndian Creek brook Lane. mine the low d. Based on he requirem on timeline w bid. on these fac , ll & perkins Rutledge edge nts rt Worth, Texas 7610 20Denton, Texas 762 s Board of Professional 76262 ation for Co Drive (From 5 bids were prepared a e Bid of $1 181,537.30 ernate 1 co k Drive. Alte west qualifie n these qual ents as the with The Fa ctors, it is rec 02817.336.5773 205940.383.4177 l Engineers, Firm No. F- ntract Awa m Edgemere e received f nd attached 1,340,107.5 for the India onsists of sid ernate 2 con ed bidder, s lifications, it lowest quali in Group, In commended Dallas Sherman 230 Registered by rd e Drive to M for the abov d for record 50, an Alter an Creek Dr dewalk impr nsists of pav similar proje has been d ified bidder nc. and they d that this co 17304 Preston Roa 200 North Travis S y the Texas Board of Pr Meadowbroo ve referenc . The Fain G rnate 1 Bid rive Reconst rovements a ving and dra ect experien determined t r. TNP has y have conf ontract be aw d, Suite 1340Dalla Street, Suite 500Sh rofessional Surveyors, F ok Drive) ced Town pr Group, Inc. s of $24,21 truction for a along the ea ainage impr nce and refe that The Fai reviewed th firmed the p warded The as, Texas 752522 herman, Texas 75090 Firm No. 100116-00 roject. A bi submitted th 0.00 and a a Total Bid o ast and nort rovements fo erences wer in Group, In he scope an project scop e Fain Group 214.461.9867 903.870.1089 engineers surveyors landscape arch www.tnpinc.com id he an of th or re nc. nd pe p, itects m Town Council Page 374 of 465 Meeting Date: Monday, April 21, 2014 BI D T A B U L A T I O N R E P O R T TE A G U E N A L L A N D P E R K I N S , I N C . CL I E N T : TO W N O F T R O P H Y C L U B CO N S U L T I N G E N G I N E E R S DE S C R I P T I O N : PA V I N G , D R A I N A G E , W A T E R & M E D I A N I M P R O V E M E N T S F O R I N D I A N C R E E K D R . TN P J O B N O : T R O 1 2 6 1 0 (F R O M E D G E M E R E D R . T O M E A D O W B R O O K L A N E ) EN G I N E E R ' S E S T I M A T E : $ 1 . 8 6 M i l l i o n BI D D A T E : A P R I L 1 5 , 2 0 1 4 BI D T I M E : 2 : 0 0 P M IT E M NO . D E S C R I P T I O N O F I T E M S Q T Y . U N I T U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L UN I T A - P A V I N G I M P R O V E M E N T S A- 1 B o n d s & I n s u r a n c e 1 L S $ 4 9 , 2 5 3 . 0 0 $ 4 9 , 2 5 3 . 0 0 $ 2 5 , 7 5 0 . 0 0 $ 2 5 , 7 5 0 . 0 0 $ 4 1 , 5 0 0 . 0 0 $ 4 1 , 5 0 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 $ 5 2 , 3 0 0 . 0 0 $ 5 2 , 3 0 0 . 0 0 A- 2 R i g h t - o f - W a y P r e p a r a t i o n 1 L S $ 5 7 , 0 0 0 . 0 0 $ 5 7 , 0 0 0 . 0 0 $ 4 3 , 1 0 0 . 0 0 $ 4 3 , 1 0 0 . 0 0 $ 2 8 , 5 0 0 . 0 0 $ 2 8 , 5 0 0 . 0 0 $ 2 6 5 , 5 0 0 . 0 0 $ 2 6 5 , 5 0 0 . 0 0 $ 8 4 , 0 0 0 . 0 0 $ 8 4 , 0 0 0 . 0 0 A- 3 R e m o v e E x i s t i n g C o n c r e t e P a v e m e n t & D r i v e s 8, 8 3 9 S Y $ 8 . 6 0 $ 7 6 , 0 1 5 . 4 0 $ 6 . 4 0 $ 5 6 , 5 6 9 . 6 0 $ 1 1 . 5 0 $ 1 0 1 , 6 4 8 . 5 0 $ 6 . 0 0 $ 5 3 , 0 3 4 . 0 0 $ 1 5 . 0 0 $ 1 3 2 , 5 8 5 . 0 0 A- 4 R e m o v e E x i s t i n g C o n c r e t e F l a t w o r k 97 S Y $ 1 2 . 0 0 $ 1 , 1 6 4 . 0 0 $ 9 . 6 5 $ 9 3 6 . 0 5 $ 1 1 . 5 0 $ 1 , 1 1 5 . 5 0 $ 7 . 0 0 $ 6 7 9 . 0 0 $ 1 5 . 5 0 $ 1 , 5 0 3 . 5 0 A- 5 Un c l a s s i f i e d S t r e e t E x c a v a t i o n 1 L S $ 2 9 , 7 0 0 . 0 0 $ 2 9 , 7 0 0 . 0 0 $ 4 6 , 2 5 0 . 0 0 $ 4 6 , 2 5 0 . 0 0 $ 5 0 , 4 5 0 . 0 0 $ 5 0 , 4 5 0 . 0 0 $ 5 1 , 0 0 0 . 0 0 $ 5 1 , 0 0 0 . 0 0 $ 5 8 , 0 0 0 . 0 0 $ 5 8 , 0 0 0 . 0 0 A- 6 8" L i m e S t a b i l i z e d S u b g r a d e 9, 2 8 6 S Y $ 2 . 5 0 $ 2 3 , 2 1 5 . 0 0 $ 3 . 6 5 $ 3 3 , 8 9 3 . 9 0 $ 3 . 5 0 $ 3 2 , 5 0 1 . 0 0 $ 3 . 5 0 $ 3 2 , 5 0 1 . 0 0 $ 5 . 0 0 $ 4 6 , 4 3 0 . 0 0 A- 7 Li m e f o r S t a b i l i z a t i o n ( 3 6 # / S Y ) 16 8 T o n $ 1 5 5 . 0 0 $ 2 6 , 0 4 0 . 0 0 $ 1 5 3 . 0 0 $ 2 5 , 7 0 4 . 0 0 $ 1 5 0 . 0 0 $ 2 5 , 2 0 0 . 0 0 $ 1 5 5 . 0 0 $ 2 6 , 0 4 0 . 0 0 $ 1 5 2 . 0 0 $ 2 5 , 5 3 6 . 0 0 A- 8 8" R e i n f o r c e d C o n c r e t e P a v e m e n t 8, 2 7 4 S Y $ 4 4 . 0 0 $ 3 6 4 , 0 5 6 . 0 0 $ 3 9 . 7 1 $ 3 2 8 , 5 6 0 . 5 4 $ 3 8 . 0 0 $ 3 1 4 , 4 1 2 . 0 0 $ 4 6 . 6 0 $ 3 8 5 , 5 6 8 . 4 0 $ 4 8 . 0 0 $ 3 9 7 , 1 5 2 . 0 0 A- 9 6" I n t e g r a l C o n c r e t e C u r b 3, 8 0 2 L F $ 1 . 8 0 $ 6 , 8 4 3 . 6 0 $ 3 . 0 0 $ 1 1 , 4 0 6 . 0 0 $ 5 . 0 0 $ 1 9 , 0 1 0 . 0 0 $ 1 . 5 0 $ 5 , 7 0 3 . 0 0 $ 4 . 0 0 $ 1 5 , 2 0 8 . 0 0 A- 1 0 6" R e i n f o r c e d C o n c r e t e D r i v e w a y 35 0 S Y $ 6 3 . 0 0 $ 2 2 , 0 5 0 . 0 0 $ 5 1 . 4 5 $ 1 8 , 0 0 7 . 5 0 $ 5 8 . 0 0 $ 2 0 , 3 0 0 . 0 0 $ 5 1 . 2 0 $ 1 7 , 9 2 0 . 0 0 $ 6 6 . 0 0 $ 2 3 , 1 0 0 . 0 0 A- 1 1 6" E x p o s e d A g g r e g a t e R e i n f o r c e d C o n c r e t e D r i v e w a y 79 S Y $ 3 5 . 0 0 $ 2 , 7 6 5 . 0 0 $ 5 8 . 7 5 $ 4 , 6 4 1 . 2 5 $ 6 5 . 0 0 $ 5 , 1 3 5 . 0 0 $ 5 6 . 2 0 $ 4 , 4 3 9 . 8 0 $ 7 9 . 0 0 $ 6 , 2 4 1 . 0 0 A- 1 2 Re m o v e , S a l v a g e & R e c o n s t r u c t B r i c k P a v e r D r i v e w a y 10 S Y $ 1 7 2 . 0 0 $ 1 , 7 2 0 . 0 0 $ 1 2 7 . 0 0 $ 1 , 2 7 0 . 0 0 $ 1 4 2 . 0 0 $ 1 , 4 2 0 . 0 0 $ 1 0 0 . 0 0 $ 1 , 0 0 0 . 0 0 $ 1 6 4 . 0 0 $ 1 , 6 4 0 . 0 0 A- 1 3 4" C o n c r e t e S i d e w a l k 1, 3 8 5 S F $ 3 . 5 0 $ 4 , 8 4 7 . 5 0 $ 5 . 1 5 $ 7 , 1 3 2 . 7 5 $ 5 . 5 0 $ 7 , 6 1 7 . 5 0 $ 4 . 0 5 $ 5 , 6 0 9 . 2 5 $ 6 . 0 0 $ 8 , 3 1 0 . 0 0 A- 1 4 Pa v e s t o n e , B r i c k o r N a t u r a l S t o n e S i d e w a l k 18 4 S F $ 1 4 . 0 0 $ 2 , 5 7 6 . 0 0 $ 1 2 . 3 0 $ 2 , 2 6 3 . 2 0 $ 1 6 . 0 0 $ 2 , 9 4 4 . 0 0 $ 1 0 . 0 0 $ 1 , 8 4 0 . 0 0 $ 1 6 . 5 0 $ 3 , 0 3 6 . 0 0 A- 1 5 Ba r r i e r F r e e R a m p 1 E A $ 7 2 5 . 0 0 $ 7 2 5 . 0 0 $ 1 , 1 3 5 . 0 0 $ 1 , 1 3 5 . 0 0 $ 1 , 2 5 0 . 0 0 $ 1 , 2 5 0 . 0 0 $ 1 , 9 0 0 . 0 0 $ 1 , 9 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 A- 1 6 Co n s t r u c t i o n E x i t / R o c k B e r m 1 L S $ 2 , 4 1 1 . 0 0 $ 2 , 4 1 1 . 0 0 $ 1 , 3 3 5 . 0 0 $ 1 , 3 3 5 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 4 , 2 0 0 . 0 0 $ 4 , 2 0 0 . 0 0 A- 1 7 Si l t F e n c e 16 0 L F $ 2 . 0 0 $ 3 2 0 . 0 0 $ 1 . 3 0 $ 2 0 8 . 0 0 $ 2 . 0 0 $ 3 2 0 . 0 0 $ 2 . 0 0 $ 3 2 0 . 0 0 $ 5 . 0 0 $ 8 0 0 . 0 0 A- 1 8 In l e t P r o t e c t i o n ( S i l t F e n c e ) 11 E A $ 9 7 . 0 0 $ 1 , 0 6 7 . 0 0 $ 6 9 . 5 5 $ 7 6 5 . 0 5 $ 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 2 5 . 0 0 $ 1 , 3 7 5 . 0 0 $ 1 1 0 . 0 0 $ 1 , 2 1 0 . 0 0 A- 1 9 In l e t P r o t e c t i o n ( S o c k F i l t e r s ) 11 E A $ 1 7 2 . 0 0 $ 1 , 8 9 2 . 0 0 $ 6 9 . 5 5 $ 7 6 5 . 0 5 $ 8 5 . 0 0 $ 9 3 5 . 0 0 $ 1 1 0 . 0 0 $ 1 , 2 1 0 . 0 0 $ 1 1 0 . 0 0 $ 1 , 2 1 0 . 0 0 A- 2 0 Re c o n s t r u c t B r i c k M a i l b o x e s 13 E A $ 8 6 2 . 0 0 $ 1 1 , 2 0 6 . 0 0 $ 9 4 0 . 0 0 $ 1 2 , 2 2 0 . 0 0 $ 5 0 0 . 0 0 $ 6 , 5 0 0 . 0 0 $ 9 2 0 . 0 0 $ 1 1 , 9 6 0 . 0 0 $ 7 0 0 . 0 0 $ 9 , 1 0 0 . 0 0 A- 2 1 Tr a f f i c C o n t r o l 1 L S $ 5 , 7 5 0 . 0 0 $ 5 , 7 5 0 . 0 0 $ 1 9 , 2 0 0 . 0 0 $ 1 9 , 2 0 0 . 0 0 $ 1 6 , 9 5 0 . 0 0 $ 1 6 , 9 5 0 . 0 0 $ 1 7 , 0 0 0 . 0 0 $ 1 7 , 0 0 0 . 0 0 $ 1 2 , 0 0 0 . 0 0 $ 1 2 , 0 0 0 . 0 0 A- 2 2 Pa v e m e n t S t r i p i n g , M a r k i n g & S i g n a g e ( R e m o v a l & I n s t a l l a t i o n ) 1 L S $ 1 3 , 0 0 0 . 0 0 $ 1 3 , 0 0 0 . 0 0 $ 6 , 9 5 0 . 0 0 $ 6 , 9 5 0 . 0 0 $ 1 6 , 4 9 5 . 0 0 $ 1 6 , 4 9 5 . 0 0 $ 1 5 , 0 0 0 . 0 0 $ 1 5 , 0 0 0 . 0 0 $ 1 4 , 6 0 0 . 0 0 $ 1 4 , 6 0 0 . 0 0 A- 2 3 6" P V C I r r i g a t i o n S l e e v e 13 2 L F $ 1 6 . 0 0 $ 2 , 1 1 2 . 0 0 $ 1 4 . 7 5 $ 1 , 9 4 7 . 0 0 $ 1 5 . 0 0 $ 1 , 9 8 0 . 0 0 $ 1 8 . 0 0 $ 2 , 3 7 6 . 0 0 $ 1 2 . 0 0 $ 1 , 5 8 4 . 0 0 A- 2 4 3" P V C I r r i g a t i o n S l e e v e 13 2 L F $ 1 1 . 0 0 $ 1 , 4 5 2 . 0 0 $ 1 0 . 4 0 $ 1 , 3 7 2 . 8 0 $ 9 . 5 0 $ 1 , 2 5 4 . 0 0 $ 1 5 . 0 0 $ 1 , 9 8 0 . 0 0 $ 7 . 0 0 $ 9 2 4 . 0 0 A- 2 5 2" E l e c t r i c a l C o n d u i t 13 2 L F $ 8 . 0 0 $ 1 , 0 5 6 . 0 0 $ 2 1 . 9 5 $ 2 , 8 9 7 . 4 0 $ 2 0 . 5 0 $ 2 , 7 0 6 . 0 0 $ 1 4 . 0 0 $ 1 , 8 4 8 . 0 0 $ 2 3 . 0 0 $ 3 , 0 3 6 . 0 0 A- 2 6 St r e e t L i g h t F o u n d a t i o n s 4 E A $ 1 , 1 0 0 . 0 0 $ 4 , 4 0 0 . 0 0 $ 9 7 5 . 0 0 $ 3 , 9 0 0 . 0 0 $ 9 1 0 . 0 0 $ 3 , 6 4 0 . 0 0 $ 1 , 6 0 0 . 0 0 $ 6 , 4 0 0 . 0 0 $ 1 , 0 2 0 . 0 0 $ 4 , 0 8 0 . 0 0 A- 2 7 Ut i l i t y A d j u s t m e n t s 1 L S $ 3 , 6 0 0 . 0 0 $ 3 , 6 0 0 . 0 0 $ 5 , 6 7 5 . 0 0 $ 5 , 6 7 5 . 0 0 $ 4 , 0 0 0 . 0 0 $ 4 , 0 0 0 . 0 0 $ 2 , 5 0 0 . 0 0 $ 2 , 5 0 0 . 0 0 $ 4 5 , 6 0 0 . 0 0 $ 4 5 , 6 0 0 . 0 0 A- 2 8 Re s t o r a t i o n o f P a r k w a y s a n d Y a r d s 2, 5 1 2 S Y $ 7 . 0 0 $ 1 7 , 5 8 4 . 0 0 $ 9 . 0 5 $ 2 2 , 7 3 3 . 6 0 $ 1 4 . 0 0 $ 3 5 , 1 6 8 . 0 0 $ 6 . 5 0 $ 1 6 , 3 2 8 . 0 0 $ 9 . 0 0 $ 2 2 , 6 0 8 . 0 0 A- 2 9 Re p a i r / R e p l a c e S p r i n k l e r S y s t e m s i n P a r k w a y s a n d Y a r d s 26 L O T $ 8 5 0 . 0 0 $ 2 2 , 1 0 0 . 0 0 $ 7 9 5 . 0 0 $ 2 0 , 6 7 0 . 0 0 $ 7 5 0 . 0 0 $ 1 9 , 5 0 0 . 0 0 $ 4 0 0 . 0 0 $ 1 0 , 4 0 0 . 0 0 $ 4 4 0 . 0 0 $ 1 1 , 4 4 0 . 0 0 A- 3 0 4" T r e e ( 6 0 G a l l o n ) 4 E A $ 8 3 0 . 0 0 $ 3 , 3 2 0 . 0 0 $ 7 7 2 . 0 0 $ 3 , 0 8 8 . 0 0 $ 7 2 5 . 0 0 $ 2 , 9 0 0 . 0 0 $ 7 0 0 . 0 0 $ 2 , 8 0 0 . 0 0 $ 5 6 0 . 0 0 $ 2 , 2 4 0 . 0 0 TO T A L B I D U N I T A - P A V I N G I M P R O V E M E N T S $7 5 9 , 2 4 0 . 5 0 $7 1 0 , 3 4 6 . 6 9 $767,551.50 $975,331.45 $990,773.50 Fa i n G r o u p McClendon Construction Quality ExcavationBIDDERS JL B C o n t r a c t i n g , L L C SYB Construction Pa g e 1 To w n C o u n c i l Pa g e 3 7 5 o f 4 6 5 Meeting Date: Monday, April 21, 2014 BI D T A B U L A T I O N R E P O R T TE A G U E N A L L A N D P E R K I N S , I N C . CL I E N T : TO W N O F T R O P H Y C L U B CO N S U L T I N G E N G I N E E R S DE S C R I P T I O N : PA V I N G , D R A I N A G E , W A T E R & M E D I A N I M P R O V E M E N T S F O R I N D I A N C R E E K D R . TN P J O B N O : T R O 1 2 6 1 0 (F R O M E D G E M E R E D R . T O M E A D O W B R O O K L A N E ) EN G I N E E R ' S E S T I M A T E : $ 1 . 8 6 M i l l i o n BI D D A T E : A P R I L 1 5 , 2 0 1 4 BI D T I M E : 2 : 0 0 P M IT E M NO . D E S C R I P T I O N O F I T E M S Q T Y . U N I T U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L Fa i n G r o u p M c C l e n d o n C o n s t r u c t i o n Q u a l i t y E x c a v a t i o n BIDDERS JL B C o n t r a c t i n g , L L C S Y B C o n s t r u c t i o n UN I T B - S T O R M D R A I N I M P R O V E M E N T S B- 1 Re m o v e E x i s t i n g C u r b I n l e t s 4 E A $ 7 5 0 . 0 0 $ 3 , 0 0 0 . 0 0 $ 8 0 8 . 0 0 $ 3 , 2 3 2 . 0 0 $ 9 0 0 . 0 0 $ 3 , 6 0 0 . 0 0 $ 6 5 0 . 0 0 $ 2 , 6 0 0 . 0 0 $ 7 0 0 . 0 0 $ 2 , 8 0 0 . 0 0 B- 2 Re m o v e E x i s t i n g 3 - B a r r e l B o x C u l v e r t 70 L F $ 1 7 4 . 0 0 $ 1 2 , 1 8 0 . 0 0 $ 1 6 0 . 5 0 $ 1 1 , 2 3 5 . 0 0 $ 1 0 0 . 0 0 $ 7 , 0 0 0 . 0 0 $ 2 0 0 . 0 0 $ 1 4 , 0 0 0 . 0 0 $ 6 2 0 . 0 0 $ 4 3 , 4 0 0 . 0 0 B- 3 Re m o v e E x i s t i n g R C P S t o r m D r a i n P i p e - A l l S i z e s 12 1 L F $ 9 . 0 0 $ 1 , 0 8 9 . 0 0 $ 1 6 . 0 5 $ 1 , 9 4 2 . 0 5 $ 1 6 . 0 0 $ 1 , 9 3 6 . 0 0 $ 2 0 . 0 0 $ 2 , 4 2 0 . 0 0 $ 1 9 . 0 0 $ 2 , 2 9 9 . 0 0 B- 4 Un c l a s s i f i e d C h a n n e l E x c a v a t i o n & G r a d i n g 1 L S $ 8 , 1 0 0 . 0 0 $ 8 , 1 0 0 . 0 0 $ 1 7 , 6 6 5 . 0 0 $ 1 7 , 6 6 5 . 0 0 $ 1 8 , 8 5 0 . 0 0 $ 1 8 , 8 5 0 . 0 0 $ 1 4 , 0 0 0 . 0 0 $ 1 4 , 0 0 0 . 0 0 $ 3 1 , 0 0 0 . 0 0 $ 3 1 , 0 0 0 . 0 0 B- 5 Mu l t i - B a r r e l B o x C u l v e r t ( 4 - 8 ' x 7 ' o r 2 - 1 6 ' x 7 ' ) 75 L F $ 1 , 4 0 0 . 0 0 $ 1 0 5 , 0 0 0 . 0 0 $ 2 , 1 6 0 . 5 0 $ 1 6 2 , 0 3 7 . 5 0 $ 1 , 6 5 0 . 0 0 $ 1 2 3 , 7 5 0 . 0 0 $ 2 , 3 0 0 . 0 0 $ 1 7 2 , 5 0 0 . 0 0 $ 2 , 2 2 5 . 0 0 $ 1 6 6 , 8 7 5 . 0 0 B- 6 48 " C l a s s I I I R C P 10 4 L F $ 1 5 2 . 0 0 $ 1 5 , 8 0 8 . 0 0 $ 1 5 7 . 4 0 $ 1 6 , 3 6 9 . 6 0 $ 1 7 3 . 0 0 $ 1 7 , 9 9 2 . 0 0 $ 1 5 5 . 0 0 $ 1 6 , 1 2 0 . 0 0 $ 1 8 8 . 0 0 $ 1 9 , 5 5 2 . 0 0 B- 7 36 " C l a s s I I I R C P 12 6 L F $ 1 0 9 . 0 0 $ 1 3 , 7 3 4 . 0 0 $ 1 1 4 . 6 0 $ 1 4 , 4 3 9 . 6 0 $ 1 2 8 . 0 0 $ 1 6 , 1 2 8 . 0 0 $ 1 1 5 . 0 0 $ 1 4 , 4 9 0 . 0 0 $ 1 5 4 . 0 0 $ 1 9 , 4 0 4 . 0 0 B- 8 30 " C l a s s I I I R C P 41 4 L F $ 8 3 . 0 0 $ 3 4 , 3 6 2 . 0 0 $ 9 5 . 3 0 $ 3 9 , 4 5 4 . 2 0 $ 1 0 5 . 0 0 $ 4 3 , 4 7 0 . 0 0 $ 8 4 . 0 0 $ 3 4 , 7 7 6 . 0 0 $ 1 0 0 . 0 0 $ 4 1 , 4 0 0 . 0 0 B- 9 27 " C l a s s I I I R C P 18 9 L F $ 7 4 . 0 0 $ 1 3 , 9 8 6 . 0 0 $ 8 6 . 2 0 $ 1 6 , 2 9 1 . 8 0 $ 9 5 . 5 0 $ 1 8 , 0 4 9 . 5 0 $ 1 1 0 . 0 0 $ 2 0 , 7 9 0 . 0 0 $ 1 1 5 . 0 0 $ 2 1 , 7 3 5 . 0 0 B- 1 0 24 " C l a s s I I I R C P 75 L F $ 6 0 . 0 0 $ 4 , 5 0 0 . 0 0 $ 7 9 . 2 5 $ 5 , 9 4 3 . 7 5 $ 8 4 . 0 0 $ 6 , 3 0 0 . 0 0 $ 8 7 . 0 0 $ 6 , 5 2 5 . 0 0 $ 1 5 5 . 0 0 $ 1 1 , 6 2 5 . 0 0 B- 1 1 18 " C l a s s I I I R C P 63 L F $ 5 6 . 0 0 $ 3 , 5 2 8 . 0 0 $ 6 9 . 6 5 $ 4 , 3 8 7 . 9 5 $ 7 3 . 0 0 $ 4 , 5 9 9 . 0 0 $ 6 5 . 0 0 $ 4 , 0 9 5 . 0 0 $ 1 7 0 . 0 0 $ 1 0 , 7 1 0 . 0 0 B- 1 2 Pa r a l l e l H e a d w a l l 2 E A $ 1 5 , 0 0 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 $ 9 , 7 7 0 . 0 0 $ 1 9 , 5 4 0 . 0 0 $ 1 5 , 5 0 0 . 0 0 $ 3 1 , 0 0 0 . 0 0 $ 9 , 2 0 0 . 0 0 $ 1 8 , 4 0 0 . 0 0 $ 2 1 , 0 0 0 . 0 0 $ 4 2 , 0 0 0 . 0 0 B- 1 3 En h a n c e d R a i l i n g f o r H e a d w a l l 2 E A $ 7 , 1 0 0 . 0 0 $ 1 4 , 2 0 0 . 0 0 $ 1 0 , 1 0 0 . 0 0 $ 2 0 , 2 0 0 . 0 0 $ 8 , 0 0 0 . 0 0 $ 1 6 , 0 0 0 . 0 0 $ 1 3 , 5 0 0 . 0 0 $ 2 7 , 0 0 0 . 0 0 $ 4 , 4 0 0 . 0 0 $ 8 , 8 0 0 . 0 0 B- 1 4 Ga b i o n W a l l S t r u c t u r e 14 7 C Y $ 2 0 7 . 0 0 $ 3 0 , 4 2 9 . 0 0 $ 2 8 9 . 0 0 $ 4 2 , 4 8 3 . 0 0 $ 3 1 0 . 0 0 $ 4 5 , 5 7 0 . 0 0 $ 3 4 5 . 0 0 $ 5 0 , 7 1 5 . 0 0 $ 4 0 8 . 0 0 $ 5 9 , 9 7 6 . 0 0 B- 1 5 Ga b i o n M a t r e s s S t r u c t u r e 33 C Y $ 2 6 0 . 0 0 $ 8 , 5 8 0 . 0 0 $ 3 1 0 . 0 0 $ 1 0 , 2 3 0 . 0 0 $ 4 1 0 . 0 0 $ 1 3 , 5 3 0 . 0 0 $ 3 5 5 . 0 0 $ 1 1 , 7 1 5 . 0 0 $ 4 0 8 . 0 0 $ 1 3 , 4 6 4 . 0 0 B- 1 6 18 " R o c k R i p - R a p 11 5 S Y $ 9 8 . 0 0 $ 1 1 , 2 7 0 . 0 0 $ 5 7 . 2 5 $ 6 , 5 8 3 . 7 5 $ 7 0 . 0 0 $ 8 , 0 5 0 . 0 0 $ 9 0 . 0 0 $ 1 0 , 3 5 0 . 0 0 $ 1 7 0 . 0 0 $ 1 9 , 5 5 0 . 0 0 B- 1 7 Co n c r e t e R i p - R a p 21 0 S F $ 1 4 . 0 0 $ 2 , 9 4 0 . 0 0 $ 1 2 . 4 0 $ 2 , 6 0 4 . 0 0 $ 1 6 . 0 0 $ 3 , 3 6 0 . 0 0 $ 1 8 . 0 0 $ 3 , 7 8 0 . 0 0 $ 6 . 0 0 $ 1 , 2 6 0 . 0 0 B- 1 8 20 ' R e c e s s e d C u r b I n l e t 1 E A $ 4 , 3 0 0 . 0 0 $ 4 , 3 0 0 . 0 0 $ 4 , 9 3 5 . 0 0 $ 4 , 9 3 5 . 0 0 $ 5 , 6 0 0 . 0 0 $ 5 , 6 0 0 . 0 0 $ 5 , 3 0 0 . 0 0 $ 5 , 3 0 0 . 0 0 $ 5 , 3 0 0 . 0 0 $ 5 , 3 0 0 . 0 0 B- 1 9 15 ' R e c e s s e d C u r b I n l e t 6 E A $ 3 , 7 0 0 . 0 0 $ 2 2 , 2 0 0 . 0 0 $ 4 , 3 5 0 . 0 0 $ 2 6 , 1 0 0 . 0 0 $ 4 , 4 5 0 . 0 0 $ 2 6 , 7 0 0 . 0 0 $ 4 , 6 0 0 . 0 0 $ 2 7 , 6 0 0 . 0 0 $ 5 , 1 5 0 . 0 0 $ 3 0 , 9 0 0 . 0 0 B- 2 0 10 ' R e c e s s e d C u r b I n l e t 2 E A $ 3 , 0 0 0 . 0 0 $ 6 , 0 0 0 . 0 0 $ 3 , 0 2 5 . 0 0 $ 6 , 0 5 0 . 0 0 $ 2 , 8 0 0 . 0 0 $ 5 , 6 0 0 . 0 0 $ 3 , 2 0 0 . 0 0 $ 6 , 4 0 0 . 0 0 $ 4 , 8 0 0 . 0 0 $ 9 , 6 0 0 . 0 0 B- 2 1 Br i d g e D r a i n F r a m e w / B o l t e d G r a t e 8 E A $ 1 , 6 0 0 . 0 0 $ 1 2 , 8 0 0 . 0 0 $ 1 , 6 8 0 . 0 0 $ 1 3 , 4 4 0 . 0 0 $ 1 , 5 5 0 . 0 0 $ 1 2 , 4 0 0 . 0 0 $ 2 , 0 0 0 . 0 0 $ 1 6 , 0 0 0 . 0 0 $ 2 , 3 0 0 . 0 0 $ 1 8 , 4 0 0 . 0 0 B- 2 2 5' S q u a r e S t o r m D r a i n M a n h o l e 1 E A $ 5 , 0 0 0 . 0 0 $ 5 , 0 0 0 . 0 0 $ 4 , 5 1 5 . 0 0 $ 4 , 5 1 5 . 0 0 $ 4 , 0 0 0 . 0 0 $ 4 , 0 0 0 . 0 0 $ 4 , 8 0 0 . 0 0 $ 4 , 8 0 0 . 0 0 $ 5 , 0 0 0 . 0 0 $ 5 , 0 0 0 . 0 0 B- 2 3 4' S q u a r e S t o r m D r a i n M a n h o l e 2 E A $ 4 , 3 0 0 . 0 0 $ 8 , 6 0 0 . 0 0 $ 3 , 8 7 5 . 0 0 $ 7 , 7 5 0 . 0 0 $ 3 , 5 0 0 . 0 0 $ 7 , 0 0 0 . 0 0 $ 4 , 4 0 0 . 0 0 $ 8 , 8 0 0 . 0 0 $ 4 , 2 0 0 . 0 0 $ 8 , 4 0 0 . 0 0 B- 2 4 Co n n e c t t o E x i s t i n g S t o r m D r a i n P i p e 11 E A $ 1 5 0 . 0 0 $ 1 , 6 5 0 . 0 0 $ 1 , 1 3 0 . 0 0 $ 1 2 , 4 3 0 . 0 0 $ 1 , 0 5 5 . 0 0 $ 1 1 , 6 0 5 . 0 0 $ 6 0 0 . 0 0 $ 6 , 6 0 0 . 0 0 $ 2 , 5 0 0 . 0 0 $ 2 7 , 5 0 0 . 0 0 B- 2 5 Ad j s u t 4 " S e w e r S e r v i c e ( I f R e q u i r e d ) 9 E A $ 4 0 0 . 0 0 $ 3 , 6 0 0 . 0 0 $ 6 9 5 . 5 0 $ 6 , 2 5 9 . 5 0 $ 6 5 0 . 0 0 $ 5 , 8 5 0 . 0 0 $ 4 5 0 . 0 0 $ 4 , 0 5 0 . 0 0 $ 1 , 6 0 0 . 0 0 $ 1 4 , 4 0 0 . 0 0 B- 2 6 Tr e n c h S a f e t y f o r S t o r m D r a i n S y s t e m s 1, 0 5 1 L F $ 2 . 0 0 $ 2 , 1 0 2 . 0 0 $ 1 . 0 5 $ 1 , 1 0 3 . 5 5 $ 1 . 0 0 $ 1 , 0 5 1 . 0 0 $ 1 . 5 0 $ 1 , 5 7 6 . 5 0 $ 2 . 5 0 $ 2 , 6 2 7 . 5 0 B- 2 7 Co n c r e t e P a v e m e n t R e m o v a l & R e p l a c e m e n t 10 S Y $ 7 2 . 0 0 $ 7 2 0 . 0 0 $ 1 0 2 . 7 5 $ 1 , 0 2 7 . 5 0 $ 9 6 . 0 0 $ 9 6 0 . 0 0 $ 9 5 . 0 0 $ 9 5 0 . 0 0 $ 1 2 0 . 0 0 $ 1 , 2 0 0 . 0 0 B- 2 8 13 " x 1 3 " J u n c t i o n B o x f o r S u b d r a i n 3 E A $ 3 4 5 . 0 0 $ 1 , 0 3 5 . 0 0 $ 3 0 0 . 0 0 $ 9 0 0 . 0 0 $ 3 4 0 . 0 0 $ 1 , 0 2 0 . 0 0 $ 7 0 0 . 0 0 $ 2 , 1 0 0 . 0 0 $ 2 , 0 0 0 . 0 0 $ 6 , 0 0 0 . 0 0 B- 2 9 8" P V C ( S D R - 2 6 ) S t o r m D r a i n - A l l D e p t h s 96 L F $ 1 6 . 0 0 $ 1 , 5 3 6 . 0 0 $ 6 1 . 0 0 $ 5 , 8 5 6 . 0 0 $ 6 7 . 0 0 $ 6 , 4 3 2 . 0 0 $ 3 2 . 0 0 $ 3 , 0 7 2 . 0 0 $ 4 0 . 0 0 $ 3 , 8 4 0 . 0 0 B- 3 0 4" P V C ( S D R - 2 6 ) S t o r m D r a i n - A l l D e p t h s 74 L F $ 1 1 . 0 0 $ 8 1 4 . 0 0 $ 4 9 . 2 5 $ 3 , 6 4 4 . 5 0 $ 5 3 . 0 0 $ 3 , 9 2 2 . 0 0 $ 2 8 . 0 0 $ 2 , 0 7 2 . 0 0 $ 4 0 . 0 0 $ 2 , 9 6 0 . 0 0 B- 3 1 Co n n e c t C u r b D r a i n s t o S u b d r a i n S y s t e m 5 E A $ 1 3 2 . 0 0 $ 6 6 0 . 0 0 $ 7 1 4 . 0 0 $ 3 , 5 7 0 . 0 0 $ 6 6 8 . 0 0 $ 3 , 3 4 0 . 0 0 $ 4 0 0 . 0 0 $ 2 , 0 0 0 . 0 0 $ 3 4 5 . 0 0 $ 1 , 7 2 5 . 0 0 B- 3 2 Cu r b D r a i n 5 E A $ 5 1 7 . 0 0 $ 2 , 5 8 5 . 0 0 $ 4 5 4 . 7 5 $ 2 , 2 7 3 . 7 5 $ 2 2 5 . 0 0 $ 1 , 1 2 5 . 0 0 $ 2 0 0 . 0 0 $ 1 , 0 0 0 . 0 0 $ 4 5 0 . 0 0 $ 2 , 2 5 0 . 0 0 B- 3 3 Mi s c e l l a n e o u s N o n - R e i n f o r c e d C l a s s ' A ' C o n c r e t e 50 C Y $ 1 1 1 . 0 0 $ 5 , 5 5 0 . 0 0 $ 1 6 0 . 5 0 $ 8 , 0 2 5 . 0 0 $ 1 1 5 . 0 0 $ 5 , 7 5 0 . 0 0 $ 3 9 5 . 0 0 $ 1 9 , 7 5 0 . 0 0 $ 1 8 5 . 0 0 $ 9 , 2 5 0 . 0 0 B- 3 4 De c o r a t i v e M e t a l F e n c e 10 0 LF $1 9 3 . 0 0 $ 1 9 , 3 0 0 . 0 0 $ 6 9 . 5 0 $ 6 , 9 5 0 . 0 0 $ 4 8 . 0 0 $ 4 , 8 0 0 . 0 0 $ 7 0 . 0 0 $ 7 , 0 0 0 . 0 0 $ 5 4 . 0 0 $ 5 , 4 0 0 . 0 0 B- 3 5 Re m o v a l / R e p l a c e m e n t o f P r i v a t e W o o d F e n c e 17 3 L F $ 3 3 . 0 0 $ 5 , 7 0 9 . 0 0 $ 5 8 . 8 0 $ 1 0 , 1 7 2 . 4 0 $ 2 8 . 0 0 $ 4 , 8 4 4 . 0 0 $ 3 3 . 0 0 $ 5 , 7 0 9 . 0 0 $ 2 3 . 0 0 $ 3 , 9 7 9 . 0 0 TO T A L B I D U N I T B - S T O R M D R A I N I M P R O V E M E N T S $4 1 6 , 8 6 7 . 0 0 $5 1 9 , 6 4 1 . 4 0 $491,183.50 $549,055.50 $674,581.50 UN I T C - M E D I A N I M P R O V E M E N T S C- 1 La n d s c a p e / I r r i g a t i o n I m p r o v e m e n t s 1 L S $ 1 2 1 , 0 0 0 . 0 0 $ 1 2 1 , 0 0 0 . 0 0 $ 1 1 1 , 1 1 5 . 0 0 $ 1 1 1 , 1 1 5 . 0 0 $ 1 0 5 , 5 0 0 . 0 0 $ 1 0 5 , 5 0 0 . 0 0 $ 8 0 , 0 0 0 . 0 0 $ 8 0 , 0 0 0 . 0 0 $ 9 5 , 0 0 0 . 0 0 $ 9 5 , 0 0 0 . 0 0 TO T A L B I D U N I T C - M E D I A N I M P R O V E M E N T S $1 2 1 , 0 0 0 . 0 0 $1 1 1 , 1 1 5 . 0 0 $105,500.00 $80,000.00 $95,000.00 Pa g e 2 To w n C o u n c i l Pa g e 3 7 6 o f 4 6 5 Meeting Date: Monday, April 21, 2014 BI D T A B U L A T I O N R E P O R T TE A G U E N A L L A N D P E R K I N S , I N C . CL I E N T : TO W N O F T R O P H Y C L U B CO N S U L T I N G E N G I N E E R S DE S C R I P T I O N : PA V I N G , D R A I N A G E , W A T E R & M E D I A N I M P R O V E M E N T S F O R I N D I A N C R E E K D R . TN P J O B N O : T R O 1 2 6 1 0 (F R O M E D G E M E R E D R . T O M E A D O W B R O O K L A N E ) EN G I N E E R ' S E S T I M A T E : $ 1 . 8 6 M i l l i o n BI D D A T E : A P R I L 1 5 , 2 0 1 4 BI D T I M E : 2 : 0 0 P M IT E M NO . D E S C R I P T I O N O F I T E M S Q T Y . U N I T U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L Fa i n G r o u p M c C l e n d o n C o n s t r u c t i o n Q u a l i t y E x c a v a t i o n BIDDERS JL B C o n t r a c t i n g , L L C S Y B C o n s t r u c t i o n UN I T D - E L E C T R I C A L I M P R O V E M E N T S D- 1 El e c t r i c a l I m p r o v e m e n t s 1 L S $ 4 3 , 0 0 0 . 0 0 $ 4 3 , 0 0 0 . 0 0 $ 3 4 , 5 0 0 . 0 0 $ 3 4 , 5 0 0 . 0 0 $ 3 2 , 6 5 0 . 0 0 $ 3 2 , 6 5 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 $ 4 4 , 0 0 0 . 0 0 $ 4 4 , 0 0 0 . 0 0 TO T A L B I D U N I T D - E L E C T R I C A L I M P R O V E M E N T S $4 3 , 0 0 0 . 0 0 $ 3 4 , 5 0 0 . 0 0 $ 3 2 , 6 5 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 $ 4 4 , 0 0 0 . 0 0 UN I T E - A L T E R N A T E 1 S I D E W A L K I M P R O V E M E N T S E- 1 Bo n d s & I n s u r a n c e 1 L S $ 3 , 2 5 0 . 0 0 $ 3 , 2 5 0 . 0 0 $ 3 , 9 7 5 . 0 0 $ 3 , 9 7 5 . 0 0 $ 8 5 0 . 0 0 $ 8 5 0 . 0 0 $ 2 , 3 0 0 . 0 0 $ 2 , 3 0 0 . 0 0 $ 3 , 0 0 0 . 0 0 $ 3 , 0 0 0 . 0 0 E- 2 4" C o n c r e t e S i d e w a l k s 4, 4 6 0 S F $ 3 . 5 0 $ 1 5 , 6 1 0 . 0 0 $ 4 . 0 0 $ 1 7 , 8 4 0 . 0 0 $ 5 . 0 0 $ 2 2 , 3 0 0 . 0 0 $ 4 . 0 5 $ 1 8 , 0 6 3 . 0 0 $ 6 . 0 0 $ 2 6 , 7 6 0 . 0 0 E- 3 Co n c r e t e S i d e w a l k R e t a i n i n g W a l l 13 4 S F $ 1 9 . 0 0 $ 2 , 5 4 6 . 0 0 $ 4 1 . 1 0 $ 5 , 5 0 7 . 4 0 $ 1 4 . 0 0 $ 1 , 8 7 6 . 0 0 $ 2 4 . 0 0 $ 3 , 2 1 6 . 0 0 $ 6 9 . 0 0 $ 9 , 2 4 6 . 0 0 E- 4 Ba r r i e r F r e e R a m p 4 E A $ 7 0 1 . 0 0 $ 2 , 8 0 4 . 0 0 $ 1 , 1 3 5 . 0 0 $ 4 , 5 4 0 . 0 0 $ 9 5 0 . 0 0 $ 3 , 8 0 0 . 0 0 $ 1 , 9 0 0 . 0 0 $ 7 , 6 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 4 , 4 0 0 . 0 0 TO T A L B I D U N I T E - A L T 1 S I D E W A L K I M P R O V E M E N T S $2 4 , 2 1 0 . 0 0 $ 3 1 , 8 6 2 . 4 0 $ 2 8 , 8 2 6 . 0 0 $ 3 1 , 1 7 9 . 0 0 $ 4 3 , 4 0 6 . 0 0 UN I T F - AL T E R N A T E 2 ME A D O W B R O O K LA N E PA V I N G & DR A I N A G E IM P R . F- 1 Bo n d s & I n s u r a n c e 1 L S $ 1 1 , 3 0 0 . 0 0 $ 1 1 , 3 0 0 . 0 0 $ 3 , 9 7 5 . 0 0 $ 3 , 9 7 5 . 0 0 $ 7 , 3 0 0 . 0 0 $ 7 , 3 0 0 . 0 0 $ 5 , 0 0 0 . 0 0 $ 5 , 0 0 0 . 0 0 $ 6 , 5 0 0 . 0 0 $ 6 , 5 0 0 . 0 0 F- 2 Ri g h t - o f - W a y P r e p a r a t i o n 1 L S $ 3 , 5 0 0 . 0 0 $ 3 , 5 0 0 . 0 0 $ 6 , 8 4 5 . 0 0 $ 6 , 8 4 5 . 0 0 $ 5 , 1 0 0 . 0 0 $ 5 , 1 0 0 . 0 0 $ 1 6 , 0 0 0 . 0 0 $ 1 6 , 0 0 0 . 0 0 $ 3 1 , 3 0 0 . 0 0 $ 3 1 , 3 0 0 . 0 0 F- 3 Re m o v e E x i s t i n g C o n c r e t e P a v e m e n t & D r i v e s 1, 8 9 7 S Y $ 9 . 0 0 $ 1 7 , 0 7 3 . 0 0 $ 6 . 4 0 $ 1 2 , 1 4 0 . 8 0 $ 8 . 5 0 $ 1 6 , 1 2 4 . 5 0 $ 6 . 0 0 $ 1 1 , 3 8 2 . 0 0 $ 1 5 . 0 0 $ 2 8 , 4 5 5 . 0 0 F- 4 Re m o v e E x i s t i n g C o n c r e t e F l a t w o r k 25 S Y $ 3 0 . 0 0 $ 7 5 0 . 0 0 $ 9 . 6 5 $ 2 4 1 . 2 5 $ 8 . 5 0 $ 2 1 2 . 5 0 $ 7 . 0 0 $ 1 7 5 . 0 0 $ 1 5 . 5 0 $ 3 8 7 . 5 0 F- 5 Re m o v e E x i s t i n g C u r b I n l e t 1 E A $ 6 4 0 . 0 0 $ 6 4 0 . 0 0 $ 8 5 0 . 6 5 $ 8 5 0 . 6 5 $ 9 0 0 . 0 0 $ 9 0 0 . 0 0 $ 7 0 0 . 0 0 $ 7 0 0 . 0 0 $ 7 0 0 . 0 0 $ 7 0 0 . 0 0 F- 6 Re m o v e E x i s t i n g R C P S t o r m D r a i n P i p e - A l l S i z e s 10 L F $ 1 5 . 0 0 $ 1 5 0 . 0 0 $ 2 6 . 7 5 $ 2 6 7 . 5 0 $ 3 0 . 0 0 $ 3 0 0 . 0 0 $ 2 5 . 0 0 $ 2 5 0 . 0 0 $ 1 9 . 0 0 $ 1 9 0 . 0 0 F- 7 Un c l a s s i f i e d S t r e e t E x c a v a t i o n 1 L S $ 1 0 , 2 0 0 . 0 0 $ 1 0 , 2 0 0 . 0 0 $ 1 1 , 2 2 5 . 0 0 $ 1 1 , 2 2 5 . 0 0 $ 1 1 , 8 5 0 . 0 0 $ 1 1 , 8 5 0 . 0 0 $ 5 , 7 0 0 . 0 0 $ 5 , 7 0 0 . 0 0 $ 2 7 , 6 0 0 . 0 0 $ 2 7 , 6 0 0 . 0 0 F- 8 8" L i m e S t a b i l i z e d S u b g r a d e 1, 9 6 4 S Y $ 4 . 5 0 $ 8 , 8 3 8 . 0 0 $ 4 . 3 0 $ 8 , 4 4 5 . 2 0 $ 3 . 5 0 $ 6 , 8 7 4 . 0 0 $ 4 . 5 0 $ 8 , 8 3 8 . 0 0 $ 6 . 0 0 $ 1 1 , 7 8 4 . 0 0 F- 9 Li m e f o r S t a b i l i z a t i o n ( 3 6 # / S Y ) 36 T o n $ 1 5 5 . 0 0 $ 5 , 5 8 0 . 0 0 $ 1 5 3 . 0 0 $ 5 , 5 0 8 . 0 0 $ 1 5 0 . 0 0 $ 5 , 4 0 0 . 0 0 $ 1 5 5 . 0 0 $ 5 , 5 8 0 . 0 0 $ 1 5 2 . 0 0 $ 5 , 4 7 2 . 0 0 F- 1 0 8" R e i n f o r c e d C o n c r e t e P a v e m e n t 1, 8 0 2 S Y $ 4 7 . 0 0 $ 8 4 , 6 9 4 . 0 0 $ 4 3 . 5 4 $ 7 8 , 4 5 9 . 0 8 $ 4 0 . 0 0 $ 7 2 , 0 8 0 . 0 0 $ 5 0 . 0 0 $ 9 0 , 1 0 0 . 0 0 $ 4 8 . 0 0 $ 8 6 , 4 9 6 . 0 0 F- 1 1 6" I n t e g r a l C o n c r e t e C u r b 58 3 L F $ 3 . 0 0 $ 1 , 7 4 9 . 0 0 $ 3 . 5 5 $ 2 , 0 6 9 . 6 5 $ 4 . 0 0 $ 2 , 3 3 2 . 0 0 $ 1 . 5 0 $ 8 7 4 . 5 0 $ 4 . 0 0 $ 2 , 3 3 2 . 0 0 F- 1 2 6" R e i n f o r c e d C o n c r e t e D r i v e w a y 93 S Y $ 5 0 . 0 0 $ 4 , 6 5 0 . 0 0 $ 5 3 . 9 0 $ 5 , 0 1 2 . 7 0 $ 6 5 . 0 0 $ 6 , 0 4 5 . 0 0 $ 5 1 . 2 0 $ 4 , 7 6 1 . 6 0 $ 6 6 . 0 0 $ 6 , 1 3 8 . 0 0 F- 1 3 4" C o n c r e t e S i d e w a l k 21 9 S F $ 4 . 0 0 $ 8 7 6 . 0 0 $ 4 . 9 5 $ 1 , 0 8 4 . 0 5 $ 6 . 5 0 $ 1 , 4 2 3 . 5 0 $ 4 . 0 5 $ 8 8 6 . 9 5 $ 6 . 0 0 $ 1 , 3 1 4 . 0 0 F- 1 4 18 " C l a s s I I I R C P 10 L F $ 1 0 5 . 0 0 $ 1 , 0 5 0 . 0 0 $ 1 0 2 . 7 0 $ 1 , 0 2 7 . 0 0 $ 1 2 9 . 0 0 $ 1 , 2 9 0 . 0 0 $ 1 1 5 . 0 0 $ 1 , 1 5 0 . 0 0 $ 1 7 0 . 0 0 $ 1 , 7 0 0 . 0 0 F- 1 5 15 ' S t a n d a r d C u r b I n l e t 1 E A $ 3 , 7 0 0 . 0 0 $ 3 , 7 0 0 . 0 0 $ 3 , 9 0 5 . 5 0 $ 3 , 9 0 5 . 5 0 $ 4 , 2 5 0 . 0 0 $ 4 , 2 5 0 . 0 0 $ 4 , 6 0 0 . 0 0 $ 4 , 6 0 0 . 0 0 $ 5 , 2 0 0 . 0 0 $ 5 , 2 0 0 . 0 0 F- 1 6 4" H D P E S u b d r a i n 42 2 L F $ 1 0 . 5 0 $ 4 , 4 3 1 . 0 0 $ 4 9 . 2 0 $ 2 0 , 7 6 2 . 4 0 $ 4 6 . 0 0 $ 1 9 , 4 1 2 . 0 0 $ 2 8 . 0 0 $ 1 1 , 8 1 6 . 0 0 $ 1 2 . 0 0 $ 5 , 0 6 4 . 0 0 F- 1 7 4" S u b d r a i n C l e a n O u t w / C o n c . P a d 1 E A $ 4 6 0 . 0 0 $ 4 6 0 . 0 0 $ 3 8 5 . 2 0 $ 3 8 5 . 2 0 $ 3 6 0 . 0 0 $ 3 6 0 . 0 0 $ 6 0 0 . 0 0 $ 6 0 0 . 0 0 $ 6 0 0 . 0 0 $ 6 0 0 . 0 0 F- 1 8 Co n n e c t C u r b D r a i n s t o S u b d r a i n S y s t e m 5 E A $ 2 7 4 . 0 0 $ 1 , 3 7 0 . 0 0 $ 1 4 7 . 0 0 $ 7 3 5 . 0 0 $ 3 5 0 . 0 0 $ 1 , 7 5 0 . 0 0 $ 4 0 0 . 0 0 $ 2 , 0 0 0 . 0 0 $ 4 0 0 . 0 0 $ 2 , 0 0 0 . 0 0 F- 1 9 Co n s t r u c t i o n E x i t 1 L S $ 1 , 4 3 5 . 0 0 $ 1 , 4 3 5 . 0 0 $ 1 , 3 5 0 . 0 0 $ 1 , 3 5 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 1 , 1 0 0 . 0 0 $ 2 , 5 0 0 . 0 0 $ 2 , 5 0 0 . 0 0 F- 2 0 Si l t F e n c e 10 2 L F $ 1 . 1 5 $ 1 1 7 . 3 0 $ 1 . 3 0 $ 1 3 2 . 6 0 $ 2 . 0 0 $ 2 0 4 . 0 0 $ 2 . 0 0 $ 2 0 4 . 0 0 $ 5 . 0 0 $ 5 1 0 . 0 0 F- 2 1 In l e t P r o t e c t i o n ( S i l t F e n c e ) 1 E A $ 9 8 . 0 0 $ 9 8 . 0 0 $ 6 9 . 5 5 $ 6 9 . 5 5 $ 1 0 0 . 0 0 $ 1 0 0 . 0 0 $ 1 5 0 . 0 0 $ 1 5 0 . 0 0 $ 1 1 0 . 0 0 $ 1 1 0 . 0 0 F- 2 2 In l e t P r o t e c t i o n ( S o c k F i l t e r s ) 1 E A $ 1 7 3 . 0 0 $ 1 7 3 . 0 0 $ 6 9 . 5 5 $ 6 9 . 5 5 $ 8 5 . 0 0 $ 8 5 . 0 0 $ 1 2 5 . 0 0 $ 1 2 5 . 0 0 $ 1 1 0 . 0 0 $ 1 1 0 . 0 0 F- 2 3 Re c o n s t r u c t B r i c k M a i l b o x e s 6 E A $ 5 7 5 . 0 0 $ 3 , 4 5 0 . 0 0 $ 7 4 0 . 0 0 $ 4 , 4 4 0 . 0 0 $ 8 5 0 . 0 0 $ 5 , 1 0 0 . 0 0 $ 9 2 0 . 0 0 $ 5 , 5 2 0 . 0 0 $ 7 0 0 . 0 0 $ 4 , 2 0 0 . 0 0 F- 2 4 Tr a f f i c C o n t r o l 1 L S $ 1 , 7 2 3 . 0 0 $ 1 , 7 2 3 . 0 0 $ 3 , 2 0 0 . 0 0 $ 3 , 2 0 0 . 0 0 $ 2 , 1 5 0 . 0 0 $ 2 , 1 5 0 . 0 0 $ 5 , 0 0 0 . 0 0 $ 5 , 0 0 0 . 0 0 $ 3 , 4 0 0 . 0 0 $ 3 , 4 0 0 . 0 0 F- 2 5 Ut i l i t y A d j u s t m e n t 1 L S $ 4 5 5 . 0 0 $ 4 5 5 . 0 0 $ 1 , 7 0 0 . 0 0 $ 1 , 7 0 0 . 0 0 $ 5 0 0 . 0 0 $ 5 0 0 . 0 0 $ 1 , 0 0 0 . 0 0 $ 1 , 0 0 0 . 0 0 $ 9 , 0 0 0 . 0 0 $ 9 , 0 0 0 . 0 0 F- 2 6 Re s t o r a t i o n o f P a r k w a y s a n d Y a r d s 77 5 S Y $ 7 . 0 0 $ 5 , 4 2 5 . 0 0 $ 9 . 8 0 $ 7 , 5 9 5 . 0 0 $ 1 2 . 0 0 $ 9 , 3 0 0 . 0 0 $ 6 . 5 0 $ 5 , 0 3 7 . 5 0 $ 9 . 0 0 $ 6 , 9 7 5 . 0 0 F- 2 7 Re p a i r / R e p l a c e S p r i n k l e r S y s t e m s i n P a r k w a y s a n d Y a r d s 9 L O T $ 8 5 0 . 0 0 $ 7 , 6 5 0 . 0 0 $ 7 9 0 . 0 0 $ 7 , 1 1 0 . 0 0 $ 7 5 0 . 0 0 $ 6 , 7 5 0 . 0 0 $ 4 0 0 . 0 0 $ 3 , 6 0 0 . 0 0 $ 4 4 0 . 0 0 $ 3 , 9 6 0 . 0 0 TO T A L B I D U N I T F - A L T 2 M E A D O W B R O O K L A N E P A V I N G A N D D R A I N A G E $1 8 1 , 5 3 7 . 3 0 $1 8 8 , 6 0 5 . 6 8 $188,292.50 $192,150.55 $253,997.50 Pa g e 3 To w n C o u n c i l Pa g e 3 7 7 o f 4 6 5 Meeting Date: Monday, April 21, 2014 BI D T A B U L A T I O N R E P O R T TE A G U E N A L L A N D P E R K I N S , I N C . CL I E N T : TO W N O F T R O P H Y C L U B CO N S U L T I N G E N G I N E E R S DE S C R I P T I O N : PA V I N G , D R A I N A G E , W A T E R & M E D I A N I M P R O V E M E N T S F O R I N D I A N C R E E K D R . TN P J O B N O : T R O 1 2 6 1 0 (F R O M E D G E M E R E D R . T O M E A D O W B R O O K L A N E ) EN G I N E E R ' S E S T I M A T E : $ 1 . 8 6 M i l l i o n BI D D A T E : A P R I L 1 5 , 2 0 1 4 BI D T I M E : 2 : 0 0 P M IT E M NO . D E S C R I P T I O N O F I T E M S Q T Y . U N I T U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L Fa i n G r o u p M c C l e n d o n C o n s t r u c t i o n Q u a l i t y E x c a v a t i o n BIDDERS JL B C o n t r a c t i n g , L L C S Y B C o n s t r u c t i o n UN I T G - W A T E R I M P R O V E M E N T S G- 1 Bo n d s & I n s u r a n c e ( U n i t G O n l y ) 1 L S $ 5 0 , 0 0 0 . 0 0 $ 5 0 , 0 0 0 . 0 0 $ 2 , 8 4 0 . 0 0 $ 2 , 8 4 0 . 0 0 $ 6 , 0 0 0 . 0 0 $ 6 , 0 0 0 . 0 0 $ 2 1 , 0 0 0 . 0 0 $ 2 1 , 0 0 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 $ 3 0 , 0 0 0 . 0 0 G- 2 12 " P V C ( C - 9 0 0 , D R 1 8 ) W a t e r L i n e P i p e 1, 4 8 5 L F $ 5 1 . 0 0 $ 7 5 , 7 3 5 . 0 0 $ 7 0 . 1 5 $ 1 0 4 , 1 7 2 . 7 5 $ 7 6 . 0 0 $ 1 1 2 , 8 6 0 . 0 0 $ 5 1 . 0 0 $ 7 5 , 7 3 5 . 0 0 $ 6 0 . 0 0 $ 8 9 , 1 0 0 . 0 0 G- 3 8" P V C ( C - 9 0 0 , D R 1 8 ) W a t e r L i n e P i p e 15 6 L F $ 4 5 . 0 0 $ 7 , 0 2 0 . 0 0 $ 5 5 . 2 0 $ 8 , 6 1 1 . 2 0 $ 6 1 . 5 0 $ 9 , 5 9 4 . 0 0 $ 4 8 . 0 0 $ 7 , 4 8 8 . 0 0 $ 5 7 . 0 0 $ 8 , 8 9 2 . 0 0 G- 4 18 " S t e e l C a s i n g 55 L F $ 1 0 7 . 0 0 $ 5 , 8 8 5 . 0 0 $ 1 3 0 . 5 5 $ 7 , 1 8 0 . 2 5 $ 2 0 0 . 0 0 $ 1 1 , 0 0 0 . 0 0 $ 7 4 . 0 0 $ 4 , 0 7 0 . 0 0 $ 1 3 7 . 0 0 $ 7 , 5 3 5 . 0 0 G- 5 12 " G a t e V a l v e w i t h C a s t I r o n V a l v e B o x a n d P a d 3 E A $ 3 , 0 0 0 . 0 0 $ 9 , 0 0 0 . 0 0 $ 2 , 6 4 5 . 0 0 $ 7 , 9 3 5 . 0 0 $ 2 , 4 7 0 . 0 0 $ 7 , 4 1 0 . 0 0 $ 2 , 7 0 0 . 0 0 $ 8 , 1 0 0 . 0 0 $ 2 , 5 0 0 . 0 0 $ 7 , 5 0 0 . 0 0 G- 6 8" G a t e V a l v e w i t h C a s t I r o n V a l v e B o x a n d P a d 4 E A $ 1 , 3 8 0 . 0 0 $ 5 , 5 2 0 . 0 0 $ 1 , 5 0 0 . 0 0 $ 6 , 0 0 0 . 0 0 $ 1 , 4 0 0 . 0 0 $ 5 , 6 0 0 . 0 0 $ 1 , 7 0 0 . 0 0 $ 6 , 8 0 0 . 0 0 $ 1 , 6 0 0 . 0 0 $ 6 , 4 0 0 . 0 0 G- 7 Co n n e c t t o E x i s t i n g A C W a t e r L i n e 6 E A $ 5 5 0 . 0 0 $ 3 , 3 0 0 . 0 0 $ 1 , 3 0 0 . 0 0 $ 7 , 8 0 0 . 0 0 $ 1 , 2 5 0 . 0 0 $ 7 , 5 0 0 . 0 0 $ 1 , 4 0 0 . 0 0 $ 8 , 4 0 0 . 0 0 $ 5 , 2 0 0 . 0 0 $ 3 1 , 2 0 0 . 0 0 G- 8 Re m o v e & S a l v a g e E x i s t i n g V a l v e 6 E A $ 1 2 6 . 0 0 $ 7 5 6 . 0 0 $ 1 9 5 . 0 0 $ 1 , 1 7 0 . 0 0 $ 1 8 5 . 0 0 $ 1 , 1 1 0 . 0 0 $ 1 5 0 . 0 0 $ 9 0 0 . 0 0 $ 5 0 0 . 0 0 $ 3 , 0 0 0 . 0 0 G- 9 Re m o v e a n d S a l v a g e E x i s t i n g F i r e H y d r a n t & V a l v e 1 E A $ 5 5 0 . 0 0 $ 5 5 0 . 0 0 $ 3 3 5 . 0 0 $ 3 3 5 . 0 0 $ 3 1 5 . 0 0 $ 3 1 5 . 0 0 $ 2 0 0 . 0 0 $ 2 0 0 . 0 0 $ 1 , 0 0 0 . 0 0 $ 1 , 0 0 0 . 0 0 G- 1 0 Fi r e H y d r a n t A s s e m b l y w i t h 6 " G a t e V a l v e 1 E A $ 5 , 1 0 0 . 0 0 $ 5 , 1 0 0 . 0 0 $ 6 , 9 8 0 . 0 0 $ 6 , 9 8 0 . 0 0 $ 6 , 5 2 5 . 0 0 $ 6 , 5 2 5 . 0 0 $ 6 , 8 0 0 . 0 0 $ 6 , 8 0 0 . 0 0 $ 3 , 7 0 0 . 0 0 $ 3 , 7 0 0 . 0 0 G- 1 1 Du c t i l e I r o n F i t t i n g w / C o n c . B l o c k i n g 4 T o n $ 7 , 1 5 0 . 0 0 $ 2 8 , 6 0 0 . 0 0 $ 6 , 3 1 5 . 0 0 $ 2 5 , 2 6 0 . 0 0 $ 5 , 9 0 0 . 0 0 $ 2 3 , 6 0 0 . 0 0 $ 7 , 4 0 0 . 0 0 $ 2 9 , 6 0 0 . 0 0 $ 4 , 3 5 0 . 0 0 $ 1 7 , 4 0 0 . 0 0 G- 1 2 2" T e m p o r a r y W a t e r S e r v i c e w / C o n n e c t i o n s 1 L S $ 5 , 9 0 0 . 0 0 $ 5 , 9 0 0 . 0 0 $ 1 9 , 2 6 0 . 0 0 $ 1 9 , 2 6 0 . 0 0 $ 1 8 , 0 0 0 . 0 0 $ 1 8 , 0 0 0 . 0 0 $ 4 4 , 0 0 0 . 0 0 $ 4 4 , 0 0 0 . 0 0 $ 3 2 , 3 0 0 . 0 0 $ 3 2 , 3 0 0 . 0 0 G- 1 3 1. 5 " C l a s s 2 0 0 P o l y W a t e r S e r v i c e 2 E A $ 1 , 0 0 0 . 0 0 $ 2 , 0 0 0 . 0 0 $ 2 , 0 0 0 . 0 0 $ 4 , 0 0 0 . 0 0 $ 1 , 8 7 2 . 0 0 $ 3 , 7 4 4 . 0 0 $ 2 , 7 0 0 . 0 0 $ 5 , 4 0 0 . 0 0 $ 1 , 4 0 0 . 0 0 $ 2 , 8 0 0 . 0 0 G- 1 4 1" C l a s s 2 0 0 P o l y W a t e r S e r v i c e 8 E A $ 8 5 0 . 0 0 $ 6 , 8 0 0 . 0 0 $ 1 , 0 4 5 . 0 0 $ 8 , 3 6 0 . 0 0 $ 9 7 5 . 0 0 $ 7 , 8 0 0 . 0 0 $ 1 , 6 0 0 . 0 0 $ 1 2 , 8 0 0 . 0 0 $ 1 , 2 5 0 . 0 0 $ 1 0 , 0 0 0 . 0 0 G- 1 5 In s t a l l S i n g l e M e t e r B o x a n d C o n n e c t N e w M e t e r 1 E A $ 5 4 5 . 0 0 $ 5 4 5 . 0 0 $ 7 5 5 . 0 0 $ 7 5 5 . 0 0 $ 7 0 5 . 0 0 $ 7 0 5 . 0 0 $ 2 2 0 . 0 0 $ 2 2 0 . 0 0 $ 8 0 0 . 0 0 $ 8 0 0 . 0 0 G- 1 6 In s t a l l D o u b l e M e t e r B o x a n d N e w C o n n e c t M e t e r s 8 E A $ 9 2 4 . 0 0 $ 7 , 3 9 2 . 0 0 $ 8 7 5 . 0 0 $ 7 , 0 0 0 . 0 0 $ 8 2 0 . 0 0 $ 6 , 5 6 0 . 0 0 $ 8 7 5 . 0 0 $ 7 , 0 0 0 . 0 0 $ 8 5 0 . 0 0 $ 6 , 8 0 0 . 0 0 G- 1 7 Tr e n c h S a f e t y f o r W a t e r L i n e 1, 6 4 1 L F $ 2 . 0 0 $ 3 , 2 8 2 . 0 0 $ 0 . 1 0 $ 1 6 4 . 1 0 $ 0 . 1 0 $ 1 6 4 . 1 0 $ 1 . 5 0 $ 2 , 4 6 1 . 5 0 $ 1 . 0 0 $ 1 , 6 4 1 . 0 0 G- 1 8 Cu t , P l u g , R e m o v e a n d D i s p o s e o f E x . A s b e s t o s C o n c r e t e P i p e ( A l l S i z e s ) 1, 6 4 1 L F $ 4 . 0 0 $ 6 , 5 6 4 . 0 0 $ 1 5 . 5 0 $ 2 5 , 4 3 5 . 5 0 $ 1 4 . 5 0 $ 2 3 , 7 9 4 . 5 0 $ 2 0 . 0 0 $ 3 2 , 8 2 0 . 0 0 $ 1 0 . 0 0 $ 1 6 , 4 1 0 . 0 0 G- 1 9 Te m p o r a r y P a v e m e n t R e p a i r - F l e x b a s e 42 5 L F $ 1 0 . 0 0 $ 4 , 2 5 0 . 0 0 $ 7 . 8 0 $ 3 , 3 1 5 . 0 0 $ 7 . 3 0 $ 3 , 1 0 2 . 5 0 $ 1 2 . 0 0 $ 5 , 1 0 0 . 0 0 $ 1 8 . 0 0 $ 7 , 6 5 0 . 0 0 G- 2 0 Te m p o r a r y P a v e m e n t R e p a i r - H M A C 18 8 L F $ 2 2 . 0 0 $ 4 , 1 3 6 . 0 0 $ 1 8 . 7 5 $ 3 , 5 2 5 . 0 0 $ 1 7 . 5 0 $ 3 , 2 9 0 . 0 0 $ 1 7 . 0 0 $ 3 , 1 9 6 . 0 0 $ 4 8 . 0 0 $ 9 , 0 2 4 . 0 0 G- 2 1 Re m o v e & R e c o n s t r u c t C o n c r e t e D r i v e w a y / C u r b 11 S Y $ 5 5 . 0 0 $ 6 0 5 . 0 0 $ 6 4 . 2 0 $ 7 0 6 . 2 0 $ 5 6 . 5 0 $ 6 2 1 . 5 0 $ 9 5 . 0 0 $ 1 , 0 4 5 . 0 0 $ 8 5 . 0 0 $ 9 3 5 . 0 0 G- 2 2 Re m o v e & R e c o n s t r u c t 4 " A g g r e g a t e S i d e w a l k 21 S F $ 3 3 . 0 0 $ 6 9 3 . 0 0 $ 5 3 . 5 0 $ 1 , 1 2 3 . 5 0 $ 8 . 0 0 $ 1 6 8 . 0 0 $ 6 . 5 0 $ 1 3 6 . 5 0 $ 1 0 . 0 0 $ 2 1 0 . 0 0 TO T A L B I D U N I T G - W A T E R I M P R O V E M E N T S $2 3 3 , 6 3 3 . 0 0 $ 2 5 1 , 9 2 8 . 5 0 $ 2 5 9 , 4 6 3 . 6 0 $ 2 8 3 , 2 7 2 . 0 0 $ 2 9 4 , 2 9 7 . 0 0 UN I T H - A L T 3 M E A D O W B R O O K L A N E W A T E R I M P R O V E M E N T S H- 1 B o n d s & I n s u r a n c e ( U n i t H O n l y ) 1 L S $ 4 , 2 0 0 . 0 0 $ 4 , 2 0 0 . 0 0 $ 2 , 8 3 5 . 0 0 $ 2 , 8 3 5 . 0 0 $ 4 , 5 0 0 . 0 0 $ 4 , 5 0 0 . 0 0 $ 4 , 0 0 0 . 0 0 $ 4 , 0 0 0 . 0 0 $ 1 3 , 0 0 0 . 0 0 $ 1 3 , 0 0 0 . 0 0 H- 2 8 " P V C ( C - 9 0 0 , D R 1 8 ) W a t e r L i n e P i p e 41 0 L F $ 3 5 . 0 0 $ 1 4 , 3 5 0 . 0 0 $ 7 7 . 0 5 $ 3 1 , 5 9 0 . 5 0 $ 8 2 . 0 0 $ 3 3 , 6 2 0 . 0 0 $ 4 8 . 0 0 $ 1 9 , 6 8 0 . 0 0 $ 5 7 . 0 0 $ 2 3 , 3 7 0 . 0 0 H- 3 8 " G a t e V a l v e w i t h C a s t I r o n V a l v e B o x a n d P a d 1 E A $ 1 , 3 4 0 . 0 0 $ 1 , 3 4 0 . 0 0 $ 1 , 5 0 0 . 0 0 $ 1 , 5 0 0 . 0 0 $ 1 , 5 0 0 . 0 0 $ 1 , 5 0 0 . 0 0 $ 1 , 7 0 0 . 0 0 $ 1 , 7 0 0 . 0 0 $ 1 , 6 0 0 . 0 0 $ 1 , 6 0 0 . 0 0 H- 4 C o n n e c t t o E x i s t i n g A C W a t e r L i n e 1 E A $ 6 0 0 . 0 0 $ 6 0 0 . 0 0 $ 1 , 3 0 0 . 0 0 $ 1 , 3 0 0 . 0 0 $ 1 , 3 0 0 . 0 0 $ 1 , 3 0 0 . 0 0 $ 1 , 4 0 0 . 0 0 $ 1 , 4 0 0 . 0 0 $ 5 , 2 0 0 . 0 0 $ 5 , 2 0 0 . 0 0 H- 5 2 " T e m p o r a r y W a t e r S e r v i c e w / C o n n e c t i o n s 1 L S $ 2 , 6 0 0 . 0 0 $ 2 , 6 0 0 . 0 0 $ 4 , 0 8 5 . 0 0 $ 4 , 0 8 5 . 0 0 $ 3 , 9 0 0 . 0 0 $ 3 , 9 0 0 . 0 0 $ 1 1 , 8 5 0 . 0 0 $ 1 1 , 8 5 0 . 0 0 $ 1 8 , 0 0 0 . 0 0 $ 1 8 , 0 0 0 . 0 0 H- 6 1 " C l a s s 2 0 0 P o l y W a t e r S e r v i c e 5 E A $ 1 , 3 3 0 . 0 0 $ 6 , 6 5 0 . 0 0 $ 1 , 3 6 5 . 0 0 $ 6 , 8 2 5 . 0 0 $ 1 , 3 2 5 . 0 0 $ 6 , 6 2 5 . 0 0 $ 1 , 6 0 0 . 0 0 $ 8 , 0 0 0 . 0 0 $ 1 , 2 5 0 . 0 0 $ 6 , 2 5 0 . 0 0 H- 7 I n s t a l l D o u b l e M e t e r B o x a n d N e w C o n n e c t M e t e r s 5 E A $ 9 2 3 . 0 0 $ 4 , 6 1 5 . 0 0 $ 8 7 7 . 4 0 $ 4 , 3 8 7 . 0 0 $ 8 3 5 . 0 0 $ 4 , 1 7 5 . 0 0 $ 8 7 5 . 0 0 $ 4 , 3 7 5 . 0 0 $ 8 5 0 . 0 0 $ 4 , 2 5 0 . 0 0 H- 8 T r e n c h S a f e t y f o r W a t e r L i n e s 41 0 L F $ 2 . 3 0 $ 9 4 3 . 0 0 $ 0 . 1 0 $ 4 1 . 0 0 $ 0 . 1 0 $ 4 1 . 0 0 $ 1 . 5 0 $ 6 1 5 . 0 0 $ 2 . 5 0 $ 1 , 0 2 5 . 0 0 H- 9 C u t , P l u g , R e m o v e a n d D i s p o s e o f E x . A s b e s t o s C o n c r e t e P i p e ( A l l S i z e s ) 41 0 L F $ 5 . 0 0 $ 2 , 0 5 0 . 0 0 $ 1 5 . 5 0 $ 6 , 3 5 5 . 0 0 $ 1 5 . 0 0 $ 6 , 1 5 0 . 0 0 $ 2 0 . 0 0 $ 8 , 2 0 0 . 0 0 $ 1 0 . 0 0 $ 4 , 1 0 0 . 0 0 H- 1 0 T e m p o r a r y P a v e m e n t R e p a i r - F l e x b a s e 85 L F $ 2 4 . 0 0 $ 2 , 0 4 0 . 0 0 $ 7 . 8 0 $ 6 6 3 . 0 0 $ 7 . 5 0 $ 6 3 7 . 5 0 $ 1 2 . 0 0 $ 1 , 0 2 0 . 0 0 $ 1 8 . 0 0 $ 1 , 5 3 0 . 0 0 H- 1 1 T e m p o r a r y P a v e m e n t R e p a i r - H M A C 88 L F $ 1 1 . 0 0 $ 9 6 8 . 0 0 $ 1 8 . 7 5 $ 1 , 6 5 0 . 0 0 $ 1 7 . 5 0 $ 1 , 5 4 0 . 0 0 $ 1 7 . 0 0 $ 1 , 4 9 6 . 0 0 $ 4 8 . 0 0 $ 4 , 2 2 4 . 0 0 H- 1 2 C o n c r e t e P a v e m e n t a n d C u r b R e p a i r 54 L F $ 2 5 . 0 0 $ 1 , 3 5 0 . 0 0 $ 4 9 . 2 0 $ 2 , 6 5 6 . 8 0 $ 8 2 . 0 0 $ 4 , 4 2 8 . 0 0 $ 9 5 . 0 0 $ 5 , 1 3 0 . 0 0 $ 8 5 . 0 0 $ 4 , 5 9 0 . 0 0 TO T A L B I D U N I T H - A L T 3 M E A D O W B R O O K L A N E W A T E R I M P R O V E M E N T S $4 1 , 7 0 6 . 0 0 $6 3 , 8 8 8 . 3 0 $68,416.50 $67,466.00 $87,139.00 Pa g e 4 To w n C o u n c i l Pa g e 3 7 8 o f 4 6 5 Meeting Date: Monday, April 21, 2014 BI D T A B U L A T I O N R E P O R T TE A G U E N A L L A N D P E R K I N S , I N C . CL I E N T : TO W N O F T R O P H Y C L U B CO N S U L T I N G E N G I N E E R S DE S C R I P T I O N : PA V I N G , D R A I N A G E , W A T E R & M E D I A N I M P R O V E M E N T S F O R I N D I A N C R E E K D R . TN P J O B N O : T R O 1 2 6 1 0 (F R O M E D G E M E R E D R . T O M E A D O W B R O O K L A N E ) EN G I N E E R ' S E S T I M A T E : $ 1 . 8 6 M i l l i o n BI D D A T E : A P R I L 1 5 , 2 0 1 4 BI D T I M E : 2 : 0 0 P M IT E M NO . D E S C R I P T I O N O F I T E M S Q T Y . U N I T U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L U N I T C O S T T O T A L Fa i n G r o u p M c C l e n d o n C o n s t r u c t i o n Q u a l i t y E x c a v a t i o n BIDDERS JL B C o n t r a c t i n g , L L C S Y B C o n s t r u c t i o n BA S E B I D I T E M S UN I T A - P A V I N G I M P R O V E M E N T S $7 5 9 , 2 4 0 . 5 0 $7 1 0 , 3 4 6 . 6 9 $767,551.50 $975,331.45 $990,773.50 UN I T B - S T O R M D R A I N I M P R O V E M E N T S $4 1 6 , 8 6 7 . 0 0 $5 1 9 , 6 4 1 . 4 0 $491,183.50 $549,055.50 $674,581.50 UN I T C - M E D I A N I M P R O V E M E N T S $1 2 1 , 0 0 0 . 0 0 $1 1 1 , 1 1 5 . 0 0 $105,500.00 $80,000.00 $95,000.00 UN I T D - E L E C T R I C A L I M P R O V E M E N T S $4 3 , 0 0 0 . 0 0 $3 4 , 5 0 0 . 0 0 $32,650.00 $30,000.00 $44,000.00 TO T A L A M O U N T B A S E B I D $1 , 3 4 0 , 1 0 7 . 5 0 $1 , 3 7 5 , 6 0 3 . 0 9 $1,396,885.00 $1,634,386.95 $1,804,355.00 AL T E R N A T E B I D I T E M S UN I T E - A L T E R N A T E 1 S I D E W A L K I M P R O V E M E N T S $2 4 , 2 1 0 . 0 0 $3 1 , 8 6 2 . 4 0 $28,826.00 $31,179.00 $43,406.00 UN I T F - A L T E R N A T E 2 M E A D O W B R O O K L N P A V I N G / D R A I N A G E I M P R . $1 8 1 , 5 3 7 . 3 0 $1 8 8 , 6 0 5 . 6 8 $188,292.50 $192,150.55 $253,997.50 $67,466.00 $87,139.00 TC M U D P O R T I O N UN I T G - W A T E R I M P R O V E M E N T S $2 3 3 , 6 3 3 . 0 0 $2 5 1 , 9 2 8 . 5 0 $259,463.60 $283,272.00 $294,297.00 UN I T H - A L T E R N A T E 3 M E A D O W B R O O K L N W A T E R I M P R O V E M E N T S $4 1 , 7 0 6 . 0 0 $6 3 , 8 8 8 . 3 0 $68,416.50 $67,466.00 $87,139.00 BA S E B I D / S U B S T A N T I A L C O M P L E T I O N / F I N A L A C C E P T A N C E 30 0 / 3 3 0 30 0 / 3 3 0 270/300 320/350 210/240 AL T E R N A T E 1 U N I T E ( A D D I T I O N A L D A Y S ) 30 30 30 50 30 AL T E R N A T E 2 U N I T F ( A D D I T I O N A L D A Y S ) 60 45 45 75 30 AL T E R N A T E 3 U N I T H ( A D D I T I O N A L D A Y S ) 60 25 15 30 30 Pa g e 5 To w n C o u n c i l Pa g e 3 7 9 o f 4 6 5 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1096-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/12/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding a resolution of the Town Council repealing Resolution No. 2012-28 adopting an investment policy and approving a new resolution adopting an investment policy for funds for the Town of Trophy Club; and providing an effective date. Attachments:Staff Report - Investment Policy.pdf RES 2014-11 Investment Policy.pdf Town of Trophy Club Investment Policy 4-21-2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a resolution of the Town Council repealing Resolution No. 2012-28 adopting an investment policy and approving a new resolution adopting an investment policy for funds for the Town of Trophy Club; and providing an effective date. Town Council Page 380 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Steven Glickman, Director of Finance CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Town of Trophy Club Annual Investment Policy Review Town Council Meeting, April 21, 2014 Agenda Item: Consider and take appropriate action regarding a resolution of the Town Council repealing Resolution No. 2012-28 adopting an investment policy and approving a new resolution adopting an investment policy for funds for the Town of Trophy Club; and providing an effective date. Explanation: The Public Funds Investment Act (PFIA) requires that the Town’s Investment Committee (consisting of the Town Manager, Assistant Town Manager, and Finance Director/Investment Officer) meet at least annually to discuss and update, if necessary, the Town’s Investment Policy. The Town’s Investment Committee met on April 8, 2014 and reviewed the policy in accordance with the PFIA. Overall, the policy remains strong and complies with the PFIA. Only one change was recommended during the meeting which was to remove competitive bidding requirements for individual security purchases due to weak market conditions. Potential costs of going out to bid for individual security purchases outweigh potential interest earnings in the current market. Additionally, it has become increasingly difficult to find investments due to the collateral requirements of public funds which may lead to no bids being received. Competitive bids for the sale of securities are now governed by the Town’s Debt Management Policy. If the market rebounds and it is feasible to reinstate this provision it may be recommended during the annual Investment Committee Meeting and brought before the Town Council at that time. Attachments: • Resolution 2014-11 • Town of Trophy Club Investment Policy Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Town Council Page 381 of 465 Meeting Date: Monday, April 21, 2014 Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends Council approval of Resolution 2014-11 adopting the Town Investment Policy as recommended by the Investment Committee. Town Council Page 382 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB RESOLUTION NO. 2014-11 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS REPEALING RESOLUTION NO. 2012-28 AND APPROVING A NEW RESOLUTION ADOPTING AN INVESTMENT POLICY FOR FUNDS FOR THE TOWN OF TROPHY CLUB, A COPY OF WHICH IS ATTACHED HERETO AND INCORPORATED HEREIN AS EXHIBIT “A”; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on November 5, 2012 by passage of Resolution 2012-28, the Town Council adopted an Investment Policy; and WHEREAS, by passage of this Resolution, the Town Council hereby repeals Resolution No. 2012-28 in its entirety and adopts this Resolution adopting a new Investment Policy; and WHEREAS, the Town Council has reviewed the Investment Policy attached hereto as Exhibit A, for compliance with the Public Funds Investment Act, Texas Government Code Chapter 2256. et seq.; and WHEREAS, upon consideration, the Town Council finds and determines it to be in the best interests of the Town to adopt Exhibit “A” as the Town’s Investment Policy. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB: Section 1. That Resolution No. 2012-28 is hereby repealed in its entirety. Section 2. That the Town Council has reviewed the attached Investment Policy, which contains investment strategies and policies that the Council has determined to be beneficial to the Town and hereby adopts the attached Investment Policy set forth in Exhibit “A’, a copy of which is attached hereto and incorporated herein in its entirety. Section 3. That the Director of Finance is hereby designated as the Town’s primary investment officer to perform the functions required by the attached policy, and the investment officer is hereby authorized to perform the functions required under the Investment Policy and Chapter 2256 of the Texas Government Code. Section 4. That this Resolution shall take effect immediately upon its passage and approval. Town Council Page 383 of 465 Meeting Date: Monday, April 21, 2014 PASSED AND APPROVED this 21st day of April, 2014. __________________________________ Mayor, Connie White Town of Trophy Club, Texas ATTEST: APPROVED TO AS FORM: __________________________________ __________________________________ Tammy Ard, Town Secretary Patricia A. Adams, Town Attorney Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council Page 384 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT A Town Council Page 385 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB INVESTMENT POLICY I. POLICY It is the policy of the Town of Trophy Club that after allowing for the anticipated cash flow requirements of the Town of Trophy Club and giving due consideration to the safety and risk of investment, all available funds shall be invested in conformance with these legal and administrative guidelines, seeking to optimize interest earnings to the maximum extent possible. Effective cash management is recognized as essential to good fiscal management. Investment interest is a source of revenue to Trophy Club funds. Trophy Club’s investment portfolio shall be designed and managed in a manner designed to maximize this revenue source, to be responsive to public trust, and to be in compliance with legal requirements and limitations. Investments shall be made with the primary objectives of: ∗ Safety and preservation of principal ∗ Maintenance of sufficient liquidity to meet operating needs ∗ Public trust from prudent investment activities ∗ Optimization of interest earnings on the portfolio II. PURPOSE The purpose of this investment policy is to comply with Chapter 2256 of the Government Code (“Public Funds Investment Act”), which requires the Town of Trophy Club to adopt a written investment policy regarding the investment of its funds and funds under its control. The Investment Policy addresses the methods, procedures and practices that must be exercised to ensure effective and judicious fiscal management of Trophy Club’s funds. III. SCOPE This Investment Policy shall govern the investment of all financial assets of the Town of Trophy Club. These funds are accounted for in the Town of Trophy Club’s Comprehensive Annual Financial Report (CAFR) and include: • General Fund • Special Revenue Funds • Capital Projects Funds • Debt Service Funds, including reserves and sinking funds, to the extent not required by law or existing contract to be kept segregated and managed separately • Any new fund created by the Town of Trophy Club, unless specifically exempted from this Policy by the Town Council or by law. The Town of Trophy Club consolidates fund cash balances to maximize investment earnings. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles. This Investment Policy shall apply to all transactions involving the financial assets and related activity for all the foregoing funds. However, this policy does not apply to the assets administered for the benefit of the Town of Trophy Club by outside agencies under deferred compensation programs. Town Council Page 386 of 465 Meeting Date: Monday, April 21, 2014 IV. INVESTMENT OBJECTIVES The Town of Trophy Club shall manage and invest its cash with four primary objectives, listed in order of priority: safety, liquidity, public trust, and yield, expressed as optimization of interest earnings. The safety of the principal invested always remains the primary objective. All investments shall be designed and managed in a manner responsive to the public trust and consistent with state and local law. The Town of Trophy Club shall maintain a comprehensive cash management program, which includes collection of accounts receivable, vendor payments in accordance with invoice terms, and prudent investment of available cash. Cash management is defined as the process of managing monies in order to insure maximum cash availability and maximum earnings on short-term investment of idle cash. Safety [PFIA 2256.005(b)(2)] Safety of principal is the foremost objective of the investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit and interest rate risk.  Credit Risk and Concentration of Credit Risk – The Town of Trophy Club will minimize credit risk, the risk of loss due to the failure of the issuer or backer of the investment, and concentration of credit risk, the risk of loss attributed to the magnitude of investment in a single issuer, by: • Limiting investments to the safest types of investments • Pre-qualifying the financial institutions and broker/dealers with which the Town of Trophy Club will do business • Diversifying the investment portfolio so that potential losses on individual issuers will be minimized.  Interest Rate Risk – the Town of Trophy Club will manage the risk that the interest earnings and the market value of investments in the portfolio will fall due to changes in general interest rates by limiting the maximum weighted average maturity of the investment portfolio to 365 days. The Town of Trophy Club will, in addition,: • Structure the investment portfolio so that investments mature to meet cash requirements for ongoing operations, thereby avoiding the need to liquidate investments prior to maturity. • Invest operating funds primarily in certificates of deposit, shorter-term securities, money market mutual funds, or local government investment pools functioning as money market mutual funds. • Diversify maturities and staggering purchase dates to minimize the impact of market movements over time. Liquidity [PFIA 2256.005(b)(2)] The investment portfolio shall remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. This is accomplished by structuring the portfolio so that investments mature concurrent with cash needs to meet anticipated demands. Because all possible cash demands cannot be anticipated, a portion of the portfolio will be invested in shares of money market mutual funds or local government investment pools that offer same-day liquidity. In addition, a portion of the portfolio will consist of securities with active secondary or resale markets. Town Council Page 387 of 465 Meeting Date: Monday, April 21, 2014 Public Trust All participants in the Town of Trophy Club’s investment process shall seek to act responsibly as custodians of the public trust. The investment officer shall avoid any transaction that might impair public confidence in the Town of Trophy Club’s ability to govern effectively. Yield (Optimization of Interest Earnings) [PFIA 2256.005(b)(3)] The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs. Return on investment is of secondary importance compared to the safety and liquidity objectives described above. V. INVESTMENT STRATEGY STATEMENTS The Town of Trophy Club portfolio will be structured to benefit from anticipated market conditions and to achieve a reasonable return. Relative value among asset groups shall be analyzed and pursued as part of the investment program within the restrictions set forth by the investment policy. The Town of Trophy Club maintains portfolios which utilize four specific investment strategy considerations designed to address the unique characteristics of the fund groups represented in the portfolios. Operating Funds Suitability - All investments authorized in the Investment Policy are suitable for Operating Funds. Preservation and Safety of Principal - All investments shall be high quality securities with no perceived default risk. Liquidity - Investment strategies for the pooled operating funds have as their primary objective to assure that anticipated cash flows are matched with adequate investment liquidity. The dollar-weighted average maturity of operating funds, based on the stated final maturity date of each security, will be calculated and limited to one year or less. Constant $1 net asset value investment pools and money market mutual funds shall be an integral component in maintaining daily liquidity. Investments for these funds shall not exceed an 18-month period from date of purchase. Marketability - Securities with active and efficient secondary markets will be purchased in the event of an unanticipated cash requirement. Diversification - Maturities shall be staggered throughout the budget cycle to provide cash flows based on anticipated needs. Investment risks will be reduced through diversification among authorized investments. Yield - The Town’s objective is to attain a competitive market yield for comparable securities and portfolio constraints. The benchmark for Operating Funds shall be the 91 day Treasury bill. Town Council Page 388 of 465 Meeting Date: Monday, April 21, 2014 Reserve and Deposit Funds Suitability - All investments authorized in the Investment Policy are suitable for Reserve and Deposit Funds. Preservation and Safety of Principal - All investments shall be high quality securities with no perceived default risk. Liquidity - Investment strategies for reserve and deposit funds shall have as the primary objective the ability to generate a dependable revenue stream to the appropriate reserve fund from investments with a low degree of volatility. Except as may be required by the bond ordinance specific to an individual issue, investments should be of high quality, with short-to-intermediate-term maturities. The dollar-weighted average maturity of reserve and deposit funds, based on the stated final maturity date of each security, will be calculated and limited to two years or less. Marketability - Securities with active and efficient secondary markets will be purchased in the event of an unanticipated cash requirement. Diversification - Maturities shall be staggered throughout the budget cycle to provide cash flows based on anticipated needs. Investment risks will be reduced through diversification among authorized investments. Yield - The Town’s objective is to attain a competitive market yield for comparable securities and portfolio constraints. The benchmark for Reserve and Deposit Funds shall be the 91 day Treasury bill. Bond and Certificate Capital Project Funds and Special Purpose Funds Suitability - All investments authorized in the Investment Policy are suitable for Bond and Certificate Capital Project Funds and Special Purpose Funds. Preservation and Safety of Principal - All investments shall be high quality securities with no perceived default risk. Liquidity - Investment strategies for bond and certificate capital project funds, special projects and special purpose funds portfolios will have as their primary objective to assure that anticipated cash flows are matched with adequate investment liquidity. The stated final maturity dates of investments held should not exceed the estimated project completion date or a maturity of no greater than three years. The dollar - weighted average maturity of bond and certificate capital project funds and special purpose funds, based on the stated final maturity date of each security, will be calculated and limited to two years or less. Marketability - Securities with active and efficient secondary markets will be purchased in the event of an unanticipated cash requirement. Diversification - Maturities shall be staggered throughout the budget cycle to provide cash flows based on anticipated needs. Investment risks will be reduced through diversification among authorized investments. Yield - The Town’s objective is to attain a competitive market yield for comparable securities and portfolio constraints. The benchmark for Bond and Certificate Capital Project Funds and Special Purpose Funds shall be the 91 day Treasury bill. A secondary objective of these funds is to achieve a yield equal to or greater than the arbitrage yield of the applicable bond or certificate. Town Council Page 389 of 465 Meeting Date: Monday, April 21, 2014 Debt Service Funds Suitability - All investments authorized in the Investment Policy are suitable for Debt Service Funds. Preservation and Safety of Principal - All investments shall be high quality securities with no perceived default risk. Liquidity - Investment strategies for debt service funds shall have as the primary objective the assurance of investment liquidity adequate to cover the debt service obligation on the required payment date. Securities purchased shall not have a stated final maturity date which exceeds the debt service payment date. The dollar-weighted average maturity of debt service funds, based on the stated final maturity date of each security, will be calculated and limited to one year or less. Marketability - Securities with active and efficient secondary markets will be purchased in the event of an unanticipated cash requirement. Diversification - Maturities shall be staggered throughout the budget cycle to provide cash flows based on anticipated needs. Investment risks will be reduced through diversification among authorized investments. Yield - The Town’s objective is to attain a competitive market yield for comparable securities and portfolio constraints. The benchmark for Debt Service Funds shall be the 91 day Treasury bill. VI. RESPONSIBILITY AND CONTROL Delegation of Authority [PFIA 2256.005(f)] In accordance with the Town of Trophy Club and the Public Funds Investment Act, the Town Council designates the Director of Finance as the Town of Trophy Club’s Investment Officer. The Investment Officer is authorized to execute investment transactions on behalf of the Town of Trophy Club and may designate a secondary investment officer to act in his/her absence. No other person may engage in an investment transaction or the management of the Town of Trophy Club funds except as provided under the terms of this Investment Policy. The investment authority granted to the investing officer is effective until rescinded. Quality and Capability of Investment Management [PFIA 2256.005(b)(3)] The Town of Trophy Club shall provide periodic training in investments for the designated investment officers and other investment personnel through courses and seminars offered by professional organizations, associations, and other independent sources in order to insure the quality and capability of investment management in compliance with the Public Funds Investment Act. Training Requirement [PFIA 2256.008 – Local Governments] In accordance with the Town of Trophy Club and the Public Funds Investment Act, designated Investment Officers shall attend an investment training session no less often than once every two years and shall receive not less than 10 hours of instruction relating to investment responsibilities. A newly appointed Investment Officer must attend a training session of at least 10 hours of instruction within twelve months of the date the officer took office or assumed the officer’s duties. The investment training session shall be provided by an independent source. For purposes of this policy, an “independent source” from which investment training shall be obtained shall include a professional organization, an institution of higher Town Council Page 390 of 465 Meeting Date: Monday, April 21, 2014 education or any other sponsor other than a business organization with whom the Town of Trophy Club may engage in an investment transaction. Internal Controls (Best Practice) The Investment Officer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the Town of Trophy Club are protected from loss, theft, or misuse. The internal control structure shall be designed to provide reasonable assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. Accordingly, the Investment Officer shall establish a process for annual independent review by an external auditor to assure compliance with policies and procedures. The internal controls shall address the following points. • Control of collusion. • Separation of transactions authority from accounting and record keeping. • Custodial safekeeping. • Avoidance of physical delivery securities. • Clear delegation of authority to subordinate staff members. • Written confirmation for telephone (voice) transactions for investments and wire transfers. • Development of a wire transfer agreement with the depository bank or third party custodian. Investment Policy Certification [PFIA 2256.005(k-l)] All investment providers, including financial institutions, banks, money market mutual funds, and local government investment pools, must sign a certification acknowledging that the organization has received and reviewed the Town of Trophy Club’s investment policy and that reasonable procedures and controls have been implemented to preclude investment transactions that are not authorized by the Town of Trophy Club’s policy. Prudence [PFIA 2256.006] The standard of prudence to be applied by the Investment Officer shall be the “prudent investor” rule. This rule states that “Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived.” In determining whether an Investment Officer has exercised prudence with respect to an investment decision, the determination shall be made taking into consideration: • The investment of all funds, or funds under the Town of Trophy Club’s control, over which the officer had responsibility rather than a consideration as to the prudence of a single investment. • Whether the investment decision was consistent with the written approved investment policy of the Town of Trophy Club. Town Council Page 391 of 465 Meeting Date: Monday, April 21, 2014 Indemnification The Investment Officer, acting in accordance with written procedures and exercising due diligence, shall not be held personally responsible for a specific investment’s credit risk or market price changes, provided that these deviations are reported immediately and the appropriate action is taken to control adverse developments. Ethics and Conflicts of Interest [PFIA 2256.005(i)] Officers and employees involved in the investment process shall refrain from personal business activity that would conflict with the proper execution and management of the investment program, or that would impair their ability to make impartial decisions. Employees and Investment Committee (see Section XIII) members shall disclose any material interests in financial institutions with which they conduct business. They shall further disclose any personal financial/investment positions that could be related to the performance of the investment portfolio. Employees and Investment Committee members shall refrain from undertaking personal investment transactions with the same individual with which business is conducted on behalf of the Town of Trophy Club. An Investment Committee member of the Town of Trophy Club who has a personal business relationship with an organization seeking to sell an investment to the Town of Trophy Club shall file a statement disclosing that personal business interest. An Investment Committee member who is related within the second degree by affinity or consanguinity to an individual seeking to sell an investment to the Town of Trophy Club shall file a statement disclosing that relationship. A statement required under this subsection must be filed with the Texas Ethics Commission and the Town Council. VII. SUITABLE AND AUTHORIZED INVESTMENTS Portfolio Management The Town of Trophy Club currently has a “buy and hold” portfolio strategy. Maturity dates are matched with cash flow requirements and investments are purchased with the intent to be held until maturity. However, investments may be liquidated prior to maturity for the following reasons: • An investment with declining credit may be liquidated early to minimize loss of principal. • Cash flow needs of the Town of Trophy Club require that the investment be liquidated. Investments [PFIA 2256.005(b)(4)(A)] Trophy Club funds governed by this policy may be invested in the instruments described below, all of which are authorized by Chapter 2256 of the Government Code (Public Funds Investment Act). Investment of Town of Trophy Club funds in any instrument or security not authorized for investment under the Act is prohibited. The Town of Trophy Club will not be required to liquidate an investment that becomes unauthorized subsequent to its purchase. I. Authorized 1. Obligations of the United States of America, its agencies and instrumentalities. 2. Certificates of Deposit issued by a depository institution that has its main office or a branch office in Texas. The certificate of deposit must be guaranteed or insured by the Federal Deposit Town Council Page 392 of 465 Meeting Date: Monday, April 21, 2014 Insurance Corporation or its successor or the National Credit Union Share Insurance Fund or its successor and secured by obligations in a manner and amount as provided by law. In addition, certificates of deposit obtained through a depository institution that has its main office or a branch office in Texas and that contractually agrees to place the funds in federally insured depository institutions in accordance with the conditions prescribed in Section 2256.010(b) of the Public Funds Investment Act are authorized investments. 3. Fully collateralized direct repurchase agreements with a defined termination date secured by obligations of the United States or its agencies and instrumentalities. These shall be pledged to the Town of Trophy Club, held in the Town of Trophy Club’s name, and deposited at the time the investment is made with the Town of Trophy Club or with a third party selected and approved by the Town of Trophy Club. Repurchase agreements must be purchased through a primary government securities dealer, as defined by the Federal Reserve, or a financial institution doing business in Texas. A Master Repurchase Agreement must be signed by the bank/dealer prior to investment in a repurchase agreement. All repurchase agreement transactions will be on a delivery vs. payment basis. Securities received for repurchase agreements must have a market value greater than or equal to 102 percent at the time funds are disbursed. (Sweep Accounts and/or Bond Proceeds) 4. Money Market Mutual funds that: 1) are registered and regulated by the Securities and Exchange Commission, 2) have a dollar weighted average stated maturity of 90 days or less, 3) seek to maintain a net asset value of $1.00 per share, and 4) are rated AA+ by at least one nationally recognized rating service. 5. Local government investment pools, which 1) meet the requirements of Chapter 2256.016 of the Public Funds Investment Act, 2) are rated no lower than AAA or an equivalent rating by at least one nationally recognized rating service, and 3) are authorized by resolution or ordinance by the Town Council. In addition, a local government investment pool created to function as a money market mutual fund must mark its portfolio to the market daily and, to the extent reasonably possible, stabilize at $1.00 net asset value. All prudent measures will be taken to liquidate an investment that is downgraded to less than the required minimum rating. (PFIA 2256.021) Additionally, Trophy Club is not required to liquidate investments that were authorized at the time of purchase. (PFIA 2256.017) II. Not Authorized [PFIA 2256.009(b)(1-4)] Investments including interest-only or principal-only strips of obligations with underlying mortgage-backed security collateral, collateralized mortgage obligations with an inverse floating interest rate or a maturity date of over 10 years are strictly prohibited. VIII. INVESTMENT PARAMETERS Maximum Maturities [PFIA 2256.005(b)(4)(B)] The longer the maturity of investments, the greater their price volatility. Therefore, it is the Town of Trophy Club’s policy to concentrate its investment portfolio in shorter-term securities in order to limit principal risk caused by changes in interest rates. The Town of Trophy Club attempts to match its investments with anticipated cash flow requirements. The Town of Trophy Club will not directly invest in securities maturing more than two years from the date of Town Council Page 393 of 465 Meeting Date: Monday, April 21, 2014 purchase; however, the above described obligations, certificates, or agreements may be collateralized using longer dated investments. Because no secondary market exists for repurchase agreements, the maximum maturity shall be 120 days except in the case of a flexible repurchase agreement for bond proceeds. The maximum maturity for such an investment shall be determined in accordance with project cash flow projections and the requirements of the governing bond ordinance. The composite portfolio will have a weighted average maturity of 365 days or less. This dollar-weighted average maturity will be calculated using the stated final maturity dates of each security. [PFIA 2256.005(b)(4)(C)] Diversification [PFIA 2256.005(b)(3)] The Town of Trophy Club recognizes that investment risks can result from issuer defaults, market price changes or various technical complications leading to temporary illiquidity. Risk is managed through portfolio diversification that shall be achieved by the following general guidelines: • Limiting investments to avoid overconcentration in investments from a specific issuer or business sector (excluding U.S. Treasury securities and certificates of deposit that are fully insured and collateralized in accordance with state and federal law), • Limiting investment in investments that have higher credit, • Investing in investments with varying maturities, and • Continuously investing a portion of the portfolio in readily available funds such as local government investment pools (LGIPs), money market funds or overnight repurchase agreements to ensure that appropriate liquidity is maintained in order to meet ongoing obligations. IX. SELECTION OF BANKS AND DEALERS Depository At least every five years a Depository shall be selected through the Town of Trophy Club’s banking services procurement process, which shall include a formal request for proposal (RFP). The selection of a depository will be determined by competitive bid and evaluation of bids will be based on the following selection criteria: • The ability to qualify as a depository for public funds in accordance with state law. • The ability to provide requested information or financial statements for the periods specified. • The ability to meet all requirements in the banking RFP. • Complete response to all required items on the bid form • Lowest net banking service cost, consistent with the ability to provide an appropriate level of service. • The credit worthiness and financial stability of the bank. Authorized Brokers/Dealers [PFIA 2256.025] The Town of Trophy Club Investment Committee (see Section XIII) shall, at least annually, review, revise, and approve a list of qualified broker/dealers and financial institutions authorized to engage in securities transactions with the Town of Trophy Club. Those firms that request to become qualified bidders for securities transactions will be required to provide a completed broker/dealer questionnaire that provides information regarding creditworthiness, experience and reputation. and 2) a certification stating the firm has received, read and understood the Town of Trophy Club’s investment policy and agree to comply with Town Council Page 394 of 465 Meeting Date: Monday, April 21, 2014 the policy. Authorized firms may include primary dealers or regional dealers that qualify under Securities & Exchange Commission Rule 15C3-1 (Uniform Net Capital Rule), and qualified depositories. All investment providers, including financial institutions, banks, money market mutual funds, and local government investment pools, must sign a certification acknowledging that the organization has received and reviewed the Town of Trophy Club’s investment policy and that reasonable procedures and controls have been implemented to preclude investment transactions that are not authorized by the Town of Trophy Club’s policy. [PFIA 2256.005(k-l)] Competitive Bids It is the policy of the Town of Trophy Club to require competitive bidding for all individual security purchases and sales except for: a) transactions with money market mutual funds and local government investment pools and b) treasury and agency securities purchased at issue through an approved broker/dealer or financial institution. The Investment Officer shall develop and maintain procedures for ensuring a competition in the investment of the Town of Trophy Club’s funds. Delivery vs. Payment [PFIA 2256.005(b)(4)(E)] Securities shall be purchased using the delivery vs. payment method with the exception of investment pools and mutual funds. Funds will be released after notification that the purchased security has been received. X. CUSTODIAL CREDIT RISK MANAGEMENT Safekeeping and Custodial Agreements The Town of Trophy Club shall contract with a bank or banks for the safekeeping of securities either owned by the Town of Trophy Club as part of its investment portfolio or held as collateral to secure demand or time deposits. Securities owned by the Town of Trophy Club shall be held in the Town of Trophy Club’s name as evidenced by safekeeping receipts of the institution holding the securities. Collateral for deposits will be held by a third party custodian designated by the Town of Trophy Club and pledged to the Town of Trophy Club as evidenced by safekeeping receipts of the institution with which the collateral is deposited. Original safekeeping receipts shall be obtained. Collateral may be held by the depository bank’s trust department, a Federal Reserve bank or branch of a Federal Reserve bank, a Federal Home Loan Bank, or a third party bank approved by the Town of Trophy Club. Collateral Policy [PFCA 2257.023] Consistent with the requirements of the Public Funds Collateral Act, it is the policy of the Town of Trophy Club to require full collateralization of all Town of Trophy Club funds on deposit with a depository bank, other than investments. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 102% of market value of principal and accrued interest on the deposits or investments less an amount insured by the FDIC. At its discretion, the Town of Trophy Club may require a higher level of collateralization for certain investment securities. Securities pledged as collateral shall be held by an independent third party with whom the Town of Trophy Club has a current custodial agreement. The Investment Officer is responsible for entering into collateralization agreements with third party custodians in compliance with this Policy. The agreements are to specify the acceptable investment securities for collateral, including provisions relating to possession of the collateral, the substitution or release of investment securities, ownership of securities, and the method of valuation of securities. A clearly marked evidence of ownership (safekeeping receipt) must be supplied to the Town of Trophy Club Town Council Page 395 of 465 Meeting Date: Monday, April 21, 2014 and retained. Collateral shall be reviewed at least monthly to assure that the market value of the pledged securities is adequate. Collateral Defined The Town of Trophy Club shall accept only the following types of collateral: • Obligations of the United States or its agencies and instrumentalities • Direct obligations of the state of Texas or its agencies and instrumentalities • Collateralized mortgage obligations directly issued by a federal agency or instrumentality of the United States, the underlying security for which is guaranteed by an agency or instrumentality of the United States • Obligations of states, agencies, counties, cities, and other political subdivisions of any state rated as to investment quality by a nationally recognized rating firm not less than A or its equivalent with a remaining maturity of ten (10) years or less • A surety bond issued by an insurance company rated as to investment quality by a nationally recognized rating firm not less than A • A letter of credit issued to the Town of Trophy Club by the Federal Home Loan Bank Subject to Audit All collateral shall be subject to inspection and audit by the Investment Officer or his/her designee, including the Town of Trophy Club’s independent auditors. XI. PERFORMANCE Performance Standards The Town of Trophy Club’s investment portfolio will be managed in accordance with the parameters specified within this policy. The portfolio shall be designed with the objective of obtaining a rate of return through budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow requirements of the Town of Trophy Club. Performance Benchmark It is the policy of the Town of Trophy Club to purchase investments with maturity dates coinciding with cash flow needs. Through this strategy, the Town of Trophy Club shall seek to optimize interest earnings utilizing allowable investments available on the market at that time. Market value will be calculated on a quarterly basis on all securities owned and compared to current book value. The Town of Trophy Club’s portfolio shall be designed with the objective of regularly meeting or exceeding the average rate of return on U.S. Treasury Bills at a maturity level comparable to the Town of Trophy Club’s weighted average maturity in days. XII. REPORTING (PFIA 2256.023) Methods The Investment Officer shall prepare an investment report on a quarterly basis that summarizes investment strategies employed in the most recent quarter and describes the portfolio in terms of investment securities, maturities, and shall explain the total investment return for the quarter. Town Council Page 396 of 465 Meeting Date: Monday, April 21, 2014 The quarterly investment report shall include a summary statement of investment activity prepared in compliance with generally accepted accounting principals. This summary will be prepared in a manner that will allow the Town of Trophy Club to ascertain whether investment activities during the reporting period have conformed to the Investment Policy. The report will be provided to the Town Council. The report will include the following: • A listing of individual securities held at the end of the reporting period. • Unrealized gains or losses resulting from appreciation or depreciation by listing the beginning and ending book and market value of securities for the period. • Additions and changes to the market value during the period. • Average weighted yield to maturity of portfolio as compared to applicable benchmark. • Listing of investments by maturity date. • Fully accrued interest for the reporting period • The percentage of the total portfolio that each type of investment represents. • Statement of compliance of the Town of Trophy Club’s investment portfolio with state law and the investment strategy and policy approved by the Town Council. An independent auditor will perform a formal annual review of the quarterly reports with the results reported to the governing body [PFIA 2256.023(d)]. Monitoring Market Value [PFIA 2256.005(b)(4)(D)] Market value of all securities in the portfolio will be determined on a quarterly basis. These values will be obtained from a reputable and independent source and disclosed to the governing body quarterly in a written report. XIII. INVESTMENT COMMITTEE Members An Investment Committee, consisting of the Town Manager, the Assistant Town Manager, the Investment Officer/Director of Finance, and the Secondary Investment Officer, shall review the Town’s investment strategies and monitor the results of the investment program at least quarterly. This review can be done by reviewing the quarterly written reports and by holding committee meetings as necessary. The committee will be authorized to invite other advisors to attend meetings as needed. Scope The Investment Committee shall include in its deliberations such topics as economic outlook, investment strategies, portfolio diversification, maturity structure, potential risk to the Town’s funds, evaluation and authorization of broker/dealers, rate of return on the investment portfolio, and review of compliance with the investment policy. The Investment Committee will also advise the Town Council of any future amendments to the investment policy that are deemed necessary or recommended. Procedures The investment policy shall require the Investment Committee to provide minutes of investment information discussed at any meetings held. The committee shall meet at least annually to discuss the investment program and policy. Town Council Page 397 of 465 Meeting Date: Monday, April 21, 2014 XIV. INVESTMENT POLICY ADOPTION [PFIA 2256.005(e)] The Town of Trophy Club’s investment policy shall be adopted by resolution of the Town Council. It is the Town of Trophy Club’s intent to comply with state laws and regulations. The Town of Trophy Club’s investment policy shall be subject to revisions consistent with changing laws, regulations, and needs of the Town of Trophy Club. The Town Council shall adopt a resolution stating that it has reviewed the policy and investment strategies not less than annually, approving any changes or modifications. Town Council Page 398 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1097-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/12/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding the Second Quarter Investment Report for Fiscal Year 2014. Attachments:Staff Report - Second Quarter Investment Report.pdf Second Quarter Investment Report for Fiscal Year 2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the Second Quarter Investment Report for Fiscal Year 2014. Town Council Page 399 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Steven Glickman, Director of Finance CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Fiscal Year 2014 – Second Quarter Investment Report Town Council Meeting, April 21, 2014 Agenda Item: Consider and take appropriate action regarding the Second Quarter Investment Report for Fiscal Year 2014. Explanation: Current interest bearing accounts of the Town have an ending balance of $10,448,158.40 at March 31, 2014, an increase of $2,840,571.32 from January 1, 2014. The majority of the increase can be attributed to property tax received before the January 31, 2014 deadline. Interest earnings for the quarter total $1,172.30, of which $516.99 was received from interest bearing accounts at First Financial Bank and $655.31 was received from investment accounts at TexPool. The average monthly yield for interest bearing accounts at First Financial was 0.15% during the quarter while the average monthly yield for investments at TexPool was 0.0285% during the quarter. The Town has a letter of credit from First Financial Bank for $2M and funds in excess of $2M have been kept at TexPool. Attachments: • Second Quarter Investment Report for Fiscal Year 2014 Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Town Council Page 400 of 465 Meeting Date: Monday, April 21, 2014 Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends Council approval of the Second Quarter Investment Report for Fiscal Year 2014. Town Council Page 401 of 465 Meeting Date: Monday, April 21, 2014 First Financial Bank Beginning Ending Avg Monthly Yield: 0.15% Investment Description Balance Deposits Withdrawals Interest Balance Avg WAM* in Days : N/A First Financial - Pooled Cash 1,043,387.69$ 2,977,513.35$ (2,577,108.49)$ 516.99$ 1,444,309.54$ First Financial Totals 1,043,387.69$ 2,977,513.35$ (2,577,108.49)$ 516.99$ 1,444,309.54$ TexPool Beginning Ending Avg Monthly Yield: 0.0285% Investment Description Balance Deposits Withdrawals Interest Balance Avg WAM*in Days : 43 TexPool - Interest and Sinking Account 510,537.96$ 1,054,342.98$ (647,506.62)$ 79.17$ 917,453.49$ TexPool - Designated Account 1,683,578.69 4,546,647.93 (1,800,000.00) 287.50 4,430,514.12 TexPool - Grant Fund 99.86 - - - 99.86 TexPool - 2010 Tax Notes 127,944.44 - (51,843.30) 7.58 76,108.72 TexPool - 5M Park Bond 2010 761,558.10 - (610,738.14) 37.60 150,857.56 TexPool - 2012 Tax Notes 480,065.90 - (51,908.69) 32.44 428,189.65 TexPool - 2013 CO 3,000,414.44 - - 211.02 3,000,625.46 TexPool Totals 6,564,199.39$ 5,600,990.91$ (3,161,996.75)$ 655.31$ 9,003,848.86$ Total Investments 7,607,587.08$ 8,578,504.26$ (5,739,105.24)$ 1,172.30$ 10,448,158.40$ *WAM (Weighted Average Maturity) is the mean average of the periods of time remaining until the securities held are (1) scheduled to be repaid or (2) would be repaid upon demand or (3) are scheduled to have their interest rate readjusted to reflect current market rates. Town of Trophy Club Quarterly Investment Report For the Quarter Ended March 31, 2014 Town Council Page 402 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1032-T Name: Status:Type:Agenda Item Regular Session File created:In control:3/20/2014 Town Council On agenda:Final action:4/7/2014 Title:Consider and take appropriate action regarding a Resolution repealing that portion of Section 2 of Resolution No. 2013-22 ("The Annual Appointment Resolution") appointing citizens to serve on the Animal Shelter Advisory Board and adopting a new Resolution to fill one (1) vacancy on the Board and reaffirming existing appointments; and providing an effective date. Attachments:Staff Report - Animal Shelter Board Appointment.pdf RES 2014-13 Repealing 2013-22 - Animal Advisory Board Filling a Vacancy.pdf Animal Shelter Advisory Board Application - Melissa Burns.pdf Animal Shelter Advisory Board Application - Donna Felton.pdf Animal Shelter Advisory Board Application - Lisa Owens.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Resolution repealing that portion of Section 2 of Resolution No. 2013- 22 ("The Annual Appointment Resolution") appointing citizens to serve on the Animal Shelter Advisory Board and adopting a new Resolution to fill one (1) vacancy on the Board and reaffirming existing appointments; and providing an effective date. Town Council Page 403 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Chief Kniffen CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Animal Shelter Board Appointment Town Council Meeting, Monday, April 21, 2014 Agenda Item: Consider and take appropriate action regarding a Resolution repealing that portion of Section 2 of Resolution No. 2013-22 ("The Annual Appointment Resolution") appointing citizens to serve on the Animal Shelter Advisory Board and adopting a new Resolution to fill one (1) vacancy on the Board and reaffirming existing appointments; and providing an effective date. Explanation: The Animal Shelter Board met on April 8, 2014 to interview applicants to fill a vacancy on the board. The board interviewed Lisa Owens, Donna Felton and Melissa Burns. Attachments: • Resolution 2014-13 • Applications: o Melissa Burns o Donna Felton o Lisa Owens Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Town Council Page 404 of 465 Meeting Date: Monday, April 21, 2014 Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: The Animal Shelter Board recommends Melissa Burns be appointed to fill the vacancy on the board. Town Council Page 405 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2014–13 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS REPEALING THAT PORTION OF SECTION 2 OF RESOLUTION NO. 2013-22 (“THE ANNUAL APPOINTMENT RESOLUTION”) APPOINTING CITIZENS TO SERVE ON THE ANIMAL SHELTER ADVISORY BOARD AND ADOPTING A NEW RESOLUTION FILLING A VACANCY ON THE BOARD AND REAFFIRMING EXISTING APPOINTMENTS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on September 23, 2013, the Town Council of the Town of Trophy Club adopted Resolution No. 2013-22, appointing citizens to serve on various Town Boards, Commissions, and Corporations, including the Animal Shelter Advisory Board; and WHEREAS, since appointments were made pursuant to Resolution No. 2013-22, one (1) member has resigned from the Board; and WHEREAS, the Animal Shelter Advisory Board met and interviewed three applicants to fill the vacancy; and WHEREAS, having reviewed applications submitted, the Town Council hereby finds it appropriate to repeal the section of Resolution No. 2012-22 making appointments to serve on the Animal Shelter Advisory Board and to adopt this Resolution filling a vacancy on the Board and reaffirming previous appointments to the Board; NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. The Town Council of the Town of Trophy Club, Texas does hereby repeal that portion of Section 2 of Resolution No. 2013-22, appointing persons to serve on the Animal Shelter Advisory Board and adopts this Resolution appointing a person to fill one (1) vacancy on the Board and reaffirming all other appointments, such that Section 2. That the Town Council hereby appoints or reaffirms as applicable, the following individuals to serve on Boards, Commissions and Corporations with respective terms of service ending on September 30 of the year specified below for each individual: Town Council Page 406 of 465 Meeting Date: Monday, April 21, 2014 Animal Shelter Advisory Board 1. Dr Bruce Fusselman (2014) (Veterinarian) 4. Danielle Stewart (2014) (Animal Welfare Representative) 2. Sgt Tony Simmons (2014) (County or Municipal Official) 5. Susan Edstrom (2014) (Trophy Club Resident) 3. Kelly Akin, ACO (2014) (Animal Shelter Operations) 6. _____________________ (2014) (Trophy Club Resident) Section 3. This Resolution shall take effect from and after its date of passage in accordance with law. PASSED and APPROVED by the Town Council of the Town of Trophy Club, Texas on this 21st day of April, 2014. ________________________________ Connie White, Mayor Town of Trophy Club, Texas ATTEST: __________________________________ Tammy Ard, Town Secretary Town of Trophy Club, Texas APPROVED AS TO FORM: ____________________________________ Patricia A. Adams, Town Attorney Town of Trophy Club, Texas Town Council Page 407 of 465 Meeting Date: Monday, April 21, 2014 I have been involved in adopting dogs since I was a teenager. All of my dogs have been adopted from a shelter or rescue organization. I attempted to be a foster, but was a failure at that, as I wanted to keep all the dogs I fostered! I have skills in taking care of special needs animals, as I had a diabetic dachshund who also became paralyzed from a disc herniation in his back. After surgery and home rehabilitation, he walked again. I have also had cats most of my life. I currently have three dogs, two dachshunds and a Rottweiler. I would love to be able to join my heart for animals with my desire to be more involved in the Town of Trophy Club. Town Council Page 409 of 465 Meeting Date: Monday, April 21, 2014 Town of Trophy Club BOARD and COMMISSION APPLICATION Please check the appropriate Board, Commission, or Advisory Groups(s) iii Animal Advisory Board ** Additional Application Form Required ­ We strongly encourage that a brief resume be submitted along with the application. Name: Donna Felton E-mail: Donna.Felton@unt.edu ~~-------- Address: How Long?* Trophy Club Phone (Home): 817490·1969-------------------­(Work): 940565-3744 Cell Phone: 817905-6192 Registered Voter? II Yes DNo Certificate Number: 537432---------­-----------------------­ Occupation, Experience/Degrees Held? UNT Student Health and Well ness Center Health Information Mgmt Coordinator Why do you want to serve on this group? Avid animal lover who wishes to improve wild and domestic animal welfare, facilities and provide effective public service for the Town of Trophy Club. Do you have any potential conflicts of interest? _N.:.-o_____~_______________ Do you have any related experience? Yes, previous Texas Master Naturalist, strong educational concentration in Biology and member of Trophy Club Women's Club Pet Lovers. What do you feel you have to offer this group? Strong sense of community, ability to work with a varielyofindlvlduals and provide excellent customer service to Internal, external end four legged individuals. , TEXAS OPEN RECORDS ACT Notice to Applicants: Once submitted, information contained in and included with this application Is considered public record and must be released if a request is made, According to Government Code Section 552,024 each employee or officlal of a governmental body and each former employee and official of a govemmental body shall choose whether to allow public acoess to the information in the custody of the governmental body that relates to the person's home address, horne telephone number, and e-mail address. Each employee and official and each former employee and official shall state their choice to the Town Secretary's office. Please Indicate with an X your decisions. ALLOW PUBLIC ACCESS Home Address Yes No x--­Home Phone Number Yes x No --­Cell Phone Number Yes x No --­~:=k~ess Yes )( Donna Felton No --­ Official Signature Official Name (Please Print) Donna H. Felton 817905-6192 Donna.Felton@unt.edu Objectives Improve wild and domestic animal welfare, facilities and provide effective public service for the Town of Trophy Club. Education May 2006 Bachelor of Arts and Science, University of North Texas Experience June 2003 -present Student Health and Wellness Center Health Information Management Assistant University of North Texas • Member of TCWC Pet Lover's Group • Supporter of the UNT Feral Cat Rescue Group • Past Texas Master Naturalist • Member of Sierra Club TammyArd From: Felton, Donna [] Sent: Thursday, March 13,201410:37 AM To: TammyArd Subject: Animal Advisory Board Attachments: Resume.docx; Application Animal Advisory Board.pdf Dear Ms. Tammy Ard, Please accept my attached application and resume for the Animal Advisory Board. In Health, Donna H. Felton H.I.M Assistant Coordinator Student Health and Wellness Center University of North Texas 940565-3744 1 Town Council Page 412 of 465 Meeting Date: Monday, April 21, 2014 LISA OWENS 8172057767 I petwatch@gmail.com PROFESSIONAL EXPERIENCE Trophy PetNanny Trophy Club, Texas Owner/Operator May 2003 -Present • Feed and water animals according to schedules and feeding instructions when pet parents are traveling or at work. • Mix food, liquid formulas, medications, or food supplements according to instructions, administer subq fluids. • Examine and observe animals to detect signs of illness, disease, or injury. • Exercise animals to maintain their physical and mental health. • Advise pet parents on behavior, training, feeding and minor health related matters, refer to specialists as appropriate • Provide transportation to groomers and medical appointments. FureverFriends Rescue Southlake. Texas Animal Rescue Volunteer March 2007 -Present • Supply animals with food, water, medicine and exercise. • Clean facilities and equipment such as dog/cat pens and crates • Coordinate with prospective adopters, answer questions and provide follow up post adoption. The Church at Trophy Lakes (First Baptist Trophy Club) Trophy Club, Texas Assistant Director ofPreschool August 1998 -July 2002 • Set educational standards and goals, and help establish policies, procedures, and programs to carry them out. • Determine allocations of funds for staff, supplies, materials, and equipment, and authorize purchases. • Determine the scope of educational program offerings, and prepare program schedules/descriptions. • Review and interpret government codes, develop procedures to meet codes and to ensure facility safety and security. • Write articles, manuals, and other publications, and assist in the distribution of promotional literature about programs and facilities. Texas Department of Criminal Justice Huntsville, Texas Assistant to Assistant Director June 1994 -May 1996 • Answer phone calls and direct calls to appropriate parties or take messages. • Compile reports, reply to correspondence and/or forward appropriately. • Make travel arrangements for executives and maintain scheduling. • Compile, transcribe, and distribute minutes of meetings. Medical Records October 1993 -June 1994 • Transcribe dictation for a variety of medical reports, such as patient histories, physical examinations, emergency room visits, operations, chart reviews, consultation, or discharge summaries. • Set up and ~aintain medical files and databases, inc1uding records such as x-ray, lab, and procedure reports, medical histories, diagnostic workups, admission and discharge summaries, and clinical resumes. EDUCATION Miami Dade Community College, Miami, Florida Associate Degree English/Literature Sam Houston State, Huntsville, Texas Completed coursework towards Psychology/Criminal Justice Town Council Page 414 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1099-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/12/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding a Resolution adopting the Drought Contingency and Emergency Water Management Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Attachments:Staff Report - Drought Contingency and Emergency Water Management Plan.pdf RES 2014-10 Drought Contingency and Emergency Water Management Plan.pdf Drought Contingency and Emergency Water Management Plan.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Resolution adopting the Drought Contingency and Emergency Water Management Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Town Council Page 416 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Mike Slye, Town Manager CC: Tammy Ard, Town Secretary Re: Drought Contingency and Emergency Water Management Plan Town Council Meeting, Monday, April 21, 2014 Agenda Item: Consider and take appropriate action regarding a Resolution adopting the Drought Contingency and Emergency Water Management Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Explanation: The Drought Contingency and Emergency Water Management Plan requires updating and filing as appropriate with TCEQ/TWDB as Fort Worth recently mandated a permanent 2-day/week irrigation restriction on all systems. Trophy Club MUD1 is updating their plans for their customers as well. Attachments: • Resolution 2014-10 Drought Contingency and Emergency Water Management Plan • Drought Contingency and Emergency Water Management Plan Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Town Council Page 417 of 465 Meeting Date: Monday, April 21, 2014 Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends approval of the Drought Contingency and Emergency Water Management Plan. Town Council Page 418 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB RESOLUTION NO. 2014-10 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, APPROVING THE ADOPTION OF THE DROUGHT CONTINGENCY AND EMERGENCY WATER MANAGEMENT PLAN FOR THE TROPHY CLUB PUBLIC IMPROVEMENT DISTRICT – PUBLIC WATER SYSTEM ID NO. 0160273; PROVIDING POLICIES AND GUIDELINES FOR MANAGEMENT OF WATER SUPPLY IN TIMES OF DROUGHT AND EMERGENCY; SETTING FORTH POLICIES AND GUIDELINES FOR WATER USAGE; SETTING FORTH PROCEDURES FOR VARIANCES GRANTED BY THE TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1; PROVIDING FOR ADMINISTRATIVE PENALTIES FOR VIOLATIONS; PROVIDING FOR REVIEW OF THE PLAN AT LEAST ONE TIME EVERY FIVE (5) YEARS UNLESS MORE FREQUENTLY REQUIRED; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town contracts with Trophy Club Municipal Utility District No. 1 (hereinafter “District”) to provide water to the Trophy Club Public Improvement District, Public Water System ID No. 0160273; and WHEREAS, Town is a Public Water System required to comply with TCEQ rules and regulations; and WHEREAS, pursuant to Texas Administrative Code Title 30, Part 1, Chapter 288, Subchapter B, Rule 288.20 and Rule 288.22, respectively, the Town must adopt a drought contingency plan meeting the minimum requirements such plans; and WHEREAS, District contracts with the City of Fort Worth (hereinafter “Fort Worth”) to provide wholesale water to the District (hereinafter “Fort Worth Contract”); and WHEREAS, pursuant to the contract between the Town and District, and pursuant to the Fort Worth Contract, certain requirements must be adopted by the Town in a Drought Contingency and Emergency Water Management Plan; and WHEREAS, the District is considering the adoption of a Drought Contingency and Emergency Water Management Plan for the District, and the Town has reviewed that plan and determined it appropriate and necessary to adopt a substantially similar plan for its Public Water System; and WHEREAS, having reviewed the attached Exhibit “A” hereto entitled, “Town of Trophy Club Public Improvement District – Public Water System ID No. 0160273 Drought Contingency & Emergency Water Management Plan a copy of which is Town Council Page 419 of 465 Meeting Date: Monday, April 21, 2014 attached hereto and incorporated herein as Exhibit “A”, (hereinafter “Town Plan”), the Town Council finds that the adoption of the Plan serves the public health, safety and welfare. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the foregoing recitals are hereby approved and incorporated herein as findings. Section 2. That the Town Council having reviewed the Town Plan, has determined that adoption of the Plan is prudent and serves the best interests of public health, safety and welfare by providing policies and guidelines for the management of water supply during times of drought and emergency. Section 3. That Town of Trophy Club Public Improvement District – Public Water System ID No. 0160273 Drought Contingency & Emergency Water Management Plan, Exhibit “A” hereto, is adopted in its entirety. Section 4. That this Resolution shall become effective immediately upon passage and compliance with all legal requirements, and it is so resolved. PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, THIS 21st DAY OF April, 2014. ________________________________ Connie White, Mayor Town of Trophy Club, Texas ATTEST: __________________________________ Tammy Ard, Town Secretary Town of Trophy Club, Texas APPROVED AS TO FORM: ____________________________________ Patricia A. Adams, Town Attorney Town of Trophy Club, Texas Town Council Page 420 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT “A” Town Council Page 421 of 465 Meeting Date: Monday, April 21, 2014 Town of Trophy Club Public Improvement District Public Water System ID No. 0160273 Drought Contingency & Emergency Water Management Plan DRAFT FOR CONSIDERATION APRIL 21, 2014 Town Manager: Mike Slye Town of Trophy Club 100 Municipal Drive Trophy Club, TX 76262 (682) 831-4600 Town of Trophy Club Public Improvement District Public Water System ID No. 0160273 Town Council Page 422 of 465 Meeting Date: Monday, April 21, 2014 Section I: Introduction and Objectives The purpose of this Water Management and Drought Contingency Plan (subsequently referred to as the Plan) is as follows: • To effectively manage water supply while ensuring that the needs of all residents and customers of Trophy Club are adequately addressed • To conserve the available water supply in times of drought and emergency • To maintain supplies for domestic water use, sanitation, and fire protection • To protect and preserve public health, welfare, and safety • To minimize the adverse impacts of water supply shortages • To minimize the adverse impacts of emergency water supply conditions TCEQ rule Title 30, Part 1, Chapter 288, Subchapter A, Rule 288.1 (4) defines a drought contingency plan as “a strategy or combination of strategies for temporary supply and demand management responses to temporary and potentially recurring water supply shortages and other water supply emergencies.” TCEQ rules governing development of and minimum requirements for drought contingency plans for municipal water suppliers and wholesale water suppliers are contained in Texas Administrative Code Title 30, Part 1, Chapter 288, Subchapter B, Rule 288.20 and Rule 288.22, respectively. Water uses regulated or prohibited under this Plan are considered to be non‐essential and continuation of such uses during times of water shortage or other emergency water supply conditions are deemed to constitute a waste of water which subjects the offender(s) to penalties, as defined in Section XI - Enforcement of this Plan. Section II: Public Involvement Opportunity of the public to provide input into the preparation of the Plan was provided by the Town of Trophy Club (subsequently referred to as the Town) by means of public meeting held on April 21, 2014. Additionally, the Plan is posted on the Town website. Section III: Public Education The Town, in cooperation with the Trophy Club Municipal Utility District No. 1 (subsequently referred to as the “District”) will inform and educate the public about the Plan through the following means: • Preparing fact sheets describing the Plan and making these available online, through bill inserts, direct mail, and postings in public locations. • Posting a copy of the Plan on the Town website. • Using the Connect CTY notification system to inform customers of Plan-related events through e- mail, text, and telephone. At any time the Plan is initiated, terminated, or the stage changes, customers will be notified through the above methods as well as through press releases to the media. Section IV: Coordination with Regional Water Planning Groups The Town purchases water from the District which purchases water from the City of Forth Worth, and District mixes the water from Fort Worth with water from several water wells of the District. In accordance with Section 2.3 of the wholesale contract between the City of Fort Worth and the District, the District will institute and apply the same rationing, conservation measures and/or restrictions for the use of water by Town Council Page 423 of 465 Meeting Date: Monday, April 21, 2014 its customers for so long as the District continues to purchase water from the City of Fort Worth. Consequently, in accordance with the wholesale contract for water supply and operational services between the Town and MUD1, Town will institute and apply the same rationing, conservation measures and/or restrictions for the use of water by its customers as the District imposes for so long a the Town continues to purchase water from the District. The service area of the Town is located within the Town of Trophy Club Public Improvement District No. 1 which is serviced by the District and located within Region C: North Texas Municipal Water District. The District will provide a copy of this Plan to the North Texas Municipal Water District and to the City of Fort Worth. Section V: Application, Initiation, and Termination of Drought and Emergency Response Stages The provisions of this Plan shall apply to all persons, customers, and property utilizing potable water provided by the Town. The terms “person” and “customer” as used in the Plan include individuals, corporations, partnerships, associations, governmental institutions, and all other legal entities. The Plan does not apply to locations using treated wastewater effluent and/or private wells. The Plan may be applied to the entire Town or to geographic portions of the Town as necessary. If the Plan is applied only to a limited sector, the boundaries will be defined in terms of roadways, creeks, and other easily distinguishable features. The Town Manager or his/her designee may order the implementation of a drought response or water emergency stage when one or more of the trigger conditions for that stage is met or upon notification from the District and/or the City of Fort Worth. Initiation of a drought stage requires notification in accordance with Section VI of this Plan. The Town Manager or his/her designee may order the termination of a drought response or water emergency stage when the conditions for termination are met or at their discretion based on current conditions and likelihood of the need to reinitiate stages. Termination of a drought stage requires notification in accordance with Section VI of this Plan. Section VI: Notification A. Notification of the Public: The Town Manager or his/her designee shall notify the public by means of: 1. Publication in newspaper of general circulation; 2. Public Service announcements (cable channel and/or website, marquees, list‐serve); 3. Signs posted in public places; 4. Bill inserts and/or direct mailings. B. Additional Notification: The Town Manager or his/her designee shall notify directly, or cause to be notified directly, the following individuals and entities: 1. Mayor, Town Manager, and Town Council Members; 2. Board of Directors for the District; 3. Fire Chief; Town Council Page 424 of 465 Meeting Date: Monday, April 21, 2014 4. TCEQ (Texas Commission on Environmental Quality) (required when mandatory restrictions are imposed); 5. Major water users Section VII: Definitions For the purposes of this Plan, the following definitions shall apply: Aesthetic water use: Water use for ornamental or decorative purposes such as fountains, reflecting pools, and water gardens. Commercial and institutional water use: Water use that is integral to the operations of commercial and non‐profit establishments and governmental entities such as retail establishments, hotels and motels, restaurants, and office buildings. Conservation: Those practices, techniques, and technologies that reduce the consumption of water, reduce the loss or waste of water, improve the efficiency in the use of water or increase the recycling and reuse of water so that a supply is conserved and made available for future or alternative uses. Customer: Any person, company, or organization using water supplied by the Town of Trophy Club. District: Trophy Club Municipal Utility District No. 1 which provides water, sewer and fire protection services to customers within its boundaries or to customers outside its boundaries by contract with the Town of Trophy Club. District Manager: The full‐time, paid, chief administrator of the District. Domestic Water Use: Water use for personal needs or for household or sanitary purposes such as drinking, bathing, heating, cooking, sanitation, or for cleaning a residence, business, industry, or institution. Drought: Generally a lack of adequate water to supply needs or replenish supplies used. Even number address: Street addresses, box numbers, or rural postal route numbers ending in 0, 2, 4, 6 or 8 and locations without addresses. Industrial Water Use: The use of water in processes designed to convert materials of lower value into forms having greater usability and value. Landscape Irrigation Use: Water used for the irrigation and maintenance of landscaped areas, whether publicly or privately owned, including residential and commercial lawns, gardens, golf courses, parks and rights ‐ of ‐ way and medians. Non-essential water use: Water uses that are neither essential nor required for the protection of public, health, safety, and welfare, including: a. Irrigation of landscape areas including parks, athletic fields, and golf courses, except otherwise provided under this Plan. Areas using recycled water or water sources not supplied by the District are excluded. b. Use of water to wash any motor vehicle, motorbike, boat, trailer, airplane or other vehicle; c. Use of water to wash down any sidewalks, walkways, driveways, parking lots, tennis courts, or other hard‐surfaced areas; d. Use of water to wash down buildings or structures for purposes other than immediate fire protection; Town Council Page 425 of 465 Meeting Date: Monday, April 21, 2014 e. Flushing gutters or permitting water to run or accumulate in any gutter or street; f. Use of water to fill, refill, or add to any indoor or outdoor swimming pools or Jacuzzi‐type pools; g. Use of water in a fountain or pond for aesthetic or scenic purposes except where necessary to support aquatic life; h. Failure to repair a controllable leak(s) within a reasonable period after having been given notice directing the repair of such leak(s); and i. Use of water from hydrants for construction purposes or any other purposes other than fire fighting. Odd numbered address: Street addresses, box numbers, or rural postal route numbers ending in 1, 3, 5, 7 or 9. Person: Any Person, entity, firm, partnership, association, corporation, company, or organization of any kind. Rationing: Limiting the amount of water that can be used. Town Manager: The full‐time, paid, chief administrative officer of the Town of Trophy Club, or his designee. Water: Water taken from the public water supply or distribution system within the boundaries of the District or within an area supplied wholesale water by the District and provided to Town pursuant to the contract between the Town and the District. Water may be potable or non‐potable. Watering Prohibited Times: Outdoor irrigation is prohibited year-round on Mondays. Additionally, outdoor watering is prohibited year-round between the hours of 10:00 a.m. and 6:00 p.m. unless otherwise noted in the Plan. Section VIII: Year Round Water Management and Conservation Requirements The Town recognizes the need to promote water conservation as a part of the Town’s overall strategy and future planning efforts. Water conservation practices can extend the life of existing infrastructure, extend the timing for new infrastructure, and reduce the need for added water supply. Extending the time for infrastructure upgrades allows the Town to stabilize rates and prevent economic impacts to customers. Based on the known benefits of water conservation, the Town is implementing a year-round water management plan that allows for two (2) day per week outdoor irrigation for all customers. Unless the Drought Management Plan is initiated, customers are allowed to perform outdoor watering in accordance with the following schedule: MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY No outdoor watering Non- residential Even Residential addresses ending in 0,2,4,6,8 Odd Residential addresses ending in 1,3,5,7,9 Non- residential Even Residential addresses ending in 0,2 4,6,8 Odd Residential addresses ending in 1,3 5,7,9 Violations of year-round water management requirements are enforceable violations of the District Plan in accordance with Section XI - Enforcement Procedures for Mandatory Water Use Measures. Town Council Page 426 of 465 Meeting Date: Monday, April 21, 2014 Section IX: Criteria for Initiation and Termination of Drought Response Stages The Town Manager or his/her designee shall monitor water supply and/or demand conditions on a monthly basis during non‐trigger times and a daily basis during trigger times and shall determine when conditions warrant initiation or termination of each stage of the Plan, that is, when the specified triggers are reached. The triggering criteria described below are based on many conditions. First, because the City of Fort Worth is the primary water provider to the District, the Town will adhere to the current policy of the District and of Fort Worth Water established by the City of Fort Worth, through notification procedures established in the agreement. Second, identified local conditions will be used to implement the stages listed below. Local conditions include known system capacity, time of the year, weather conditions, and staff monitoring of the water supply. Stage 1 Response Triggers - Water Watch A. Triggering Conditions 1. Water demand reaches or exceeds 90% of reliable delivery capacity for three (3) consecutive days. 2. Contamination of the City of Fort Worth’s water treatment or distribution system. 3. Inadequate delivery capacity by the City of Forth Worth. 4. Failure of or damage to the City of Fort Worth’s water supply system. 5. Water demand approaches a reduced delivery capacity for all or part of the system due to supply or production capacity limitation including contamination of the system. 6. Pursuant to requirements established in the agreement with the City of Fort W orth, notification is received requesting initiation of Stage 1 of their Drought Contingency Plan. 7. Conditions within the Town or District’s water system that warrant a mild reduction in water usage. These conditions may include loss of supply, storage, or pumping capacity, water main break, or other system failure. B. Requirements for Termination - Stage 1 may terminate when the District and/or the City of Fort Worth terminates its Stage 1 condition or when the circumstance that caused the initiation of Stage 1 no longer prevails. C. Goal for Use Reduction for Stage 1 - The goal for water-use reduction under Stage 1 - Water Watch is five percent (5%). If circumstances warrant or if required by the District or by the City of Fort Worth, the Town Manager or his/her official designee can set a goal for greater water use reduction. D. All Water Users 1. Initiate mandatory restrictions to prohibit non‐essential water use as follows: a. Prohibit hosing of paved areas, such as sidewalks, driveways, parking lots, tennis courts, patios, or other impervious surfaces, except to alleviate an immediate health or safety hazard. Town Council Page 427 of 465 Meeting Date: Monday, April 21, 2014 b. Prohibit hosing of buildings or other structures for purposes other than fire protection or surface preparation prior to painting. c. Prohibit using water in such a manner as to allow runoff or other waste, including: i. Failure to repair a controllable leak, including a broken sprinkler head, a leaking valve, leaking or broken pipes, or a leaking faucet; ii. Operating a permanently installed irrigation system with: (a) a broken head; (b) a head that is out of adjustment and the arc of the spray head is over a street or parking lot; or (c) a head that is misting because of high water pressure; or iii. During irrigation, allowing water (a) to run off a property and form a stream of water in a street for a distance of 50 feet or greater; or (b) to pond in a street or parking lot to a depth greater than one‐quarter of an inch. iv. Allowing or causing an irrigation system or other lawn watering device to operate during any form of precipitation or when temperatures are at or below 32 degrees Fahrenheit. 2. Limit landscape watering with sprinklers or irrigation systems at each service address to a twice per week schedule as outlined below. This includes landscape watering of parks, golf courses, and sports fields. a. Residential addresses ending in an even number (0, 2, 4, 6, or 8) may water on Wednesdays and Saturdays. b. Residential addresses ending in an odd number (1, 3, 5, 7 or 9) may water on Thursdays and Sundays. c. All non‐residential locations (apartment complexes, businesses, industries, parks, medians, etc.) may water on Tuesdays and Fridays. 3. No irrigation is permitted on Mondays. Watering with a sprinkler or irrigation system is prohibited between the hours of 10:00 a.m. and 6:00 p.m. every day. Watering with a soaker hose or drip irrigation is permitted at any time or day except Mondays. Watering with a hand- held hose or hand-held bucket can be done at any time or any day. 4. Exceptions: a. Lawns, landscaping, and foundations may be watered up to two hours on any day except Mondays and cannot occur between the hours of 10 a.m. and 6:00 p.m. If performed under these circumstances, watering must be performed using a handheld hose, soaker hose, drip irrigation system, or tree bubbler. Foundation watering system must be placed within 24 inches of the foundation and cannot produce a spray of water above the ground. b. Newly installed shrubs (first year) and trees (two years) may be watered up to two hours on any day except Monday by handheld hose, drip irrigation, a soaker hose or tree bubbler. Tree watering is limited to an area not to exceed the drip line of a tree. c. Establishing new turf is discouraged. If hydro mulch, grass sod, or grass seed is installed for the purpose of establishing a new lawn, watering restrictions for the first 30 days while it is being established are reduced to allow watering any day except Monday and can be performed at any time. A variance permit must be obtained in accordance with Section X of this plan. After expiration of the variance permit, the watering restrictions set forth in this stage apply. This exception for new turf does not include over seeding with rye or seasonal grasses since turf already exist. Town Council Page 428 of 465 Meeting Date: Monday, April 21, 2014 d. Golf courses may water greens and tee boxes as necessary, however watering must be done before 10 a.m. and after 6 p.m. Golf courses are encouraged to reduce potable water use by 5%. e. Skinned areas of sports fields may be watered as needed for dust control. f. Athletic fields (playing fields within a stadium only – not surrounding landscaping) may be watered as needed, except on Mondays, to maintain league standards. Sports fields are encouraged to reduce potable water use by 5%. 5. All users are encouraged to reduce the frequency of the filling, draining, or refilling of swimming pools, wading pools, hot tubs, and Jacuzzi type pools except to maintain structural integrity, proper operation and maintenance, and/or to alleviate an issue that poses a public safety risk. 6. All users are encouraged to use native and adapted drought tolerant plants in landscaping. 7. Washing of any motor vehicle, motorbike, boat, trailer, airplane, or other vehicle shall be limited to the use of a hand‐held bucket or a hand‐held hose equipped with a positive‐pressure shutoff nozzle for quick rinses. Vehicle washing may be done at any time on the premises of a commercial car wash or commercial service station. Companies with an automated on‐site vehicle washing facility may wash their vehicles at any time. Further, such washing may be exempt from these requirements if the health, safety, and welfare of the public are contingent upon frequent vehicle cleansing, such as garbage trucks and vehicles used to transport food and perishables. E. Commercial Customers 1. All actions listed above for all water users apply to commercial and industrial users. 2. Hotels, restaurants, and bars are encouraged to serve drinking water to patrons on an “on demand” basis. 3. Hotels are encouraged to implement laundry conservation measures by encouraging patrons to reuse linens and towels. 4. Car washing facilities must keep equipment in good working order, which should include regular inspections to ensure there are no leaks, broken, or misdirected nozzles, and that all equipment is operating efficiently. 5. All commercial and industrial customers are encouraged to inspect and repair irrigation systems. F. Town, District and Other Local Government Responsibilities During Stage 1 - In addition to the actions listed above: 1. Review conditions and problems that caused Stage 1 and take corrective action. 2. Increase public education efforts on ways to reduce water use. 3. Increase enforcement efforts. 4. Intensify leak detection and repair efforts. 5. Audit all local government irrigation systems to ensure proper condition, settings, and operation. Town Council Page 429 of 465 Meeting Date: Monday, April 21, 2014 6. Identify and encourage voluntary reduction measures by high-volume water users. 7. Reduce non-essential water use. As used herein, non-essential water uses are those that do not have any health or safety impact and are not needed to meet the core function of the agency. 8. The District Manager or his/her designee will notify wholesale customers of actions being taken and require them to implement the same stage and measures. Stage 2 Response Triggers – Water Warning A. Triggering Conditions for Stage 2 1. Water demand reaches or exceeds 95% of reliable delivery capacity for three (3) consecutive days. The delivery capacity could be District-wide or in a specified portion of the system. 2. Contamination of the water supply source(s) or water supply system. 3. Demand for all or part of the delivery system equals or exceeds delivery capacity because delivery capacity is inadequate. 4. Pursuant to requirements established in the agreement with the City of Fort Worth, notification is received requesting initiation of Stage 2 of their Drought Contingency Plan. 5. Conditions within the District’s water system that warrants a moderate reduction in water usage. These conditions may include loss of supply, storage, or pumping capacity, water main break, or other system failure. B. Requirements for Termination - Stage 2 may terminate when the District or the City of Fort Worth terminates its Stage 2 condition or when the circumstance that caused the initiation of Stage 2 no longer prevails. C. Goal for Use Reduction for Stage 2 - The goal for water use reduction under Stage 2 – Water Warning is to decrease use by 10 percent (10%). If circumstances warrant or if required by the District or the City of Fort Worth, the Town Manager or his/her official designee can set a goal for greater water use reduction. D. All Water Users - Continuation of restrictions imposed in Stage 1 and: 1. Limit landscape watering with sprinklers or irrigation systems to a once per week schedule at each service address as determined by the Town Manager or his/her designee. This includes landscape watering at parks, golf courses, and sports fields. 2. Exceptions: a. Lawns, landscaping, and foundations may be watered up to two hours on any day except Mondays and cannot occur between the hours of 10 a.m. and 6:00 p.m. If performed under these circumstances, watering must be performed using a handheld hose, soaker hose, drip irrigation system, or tree bubbler. Foundation watering system must be placed within 24 inches of the foundation and cannot produce a spray of water above the ground. b. Newly installed shrubs (first year) and trees (two years) may be watered up to two hours on any day except Monday by handheld hose, drip irrigation, soaker hose or tree bubbler. Tree watering is limited to an area not to exceed the drip line of a tree. Town Council Page 430 of 465 Meeting Date: Monday, April 21, 2014 c. Golf courses may water greens and tee boxes as needed to keep them alive, however watering must be done before 10 a.m. and after 6 p.m. and cannot be done on Mondays. Fairways are restricted to once per week watering as outlined above. Golf course rough cannot be watered. d. Watering for dust control on skinned areas of sport fields is not allowed. e. Athletic fields (playing fields within a stadium only – not surrounding landscaping) may be watered as needed, except on Mondays, to maintain league standards. Sports fields are encouraged to reduce potable water use by 10%. f. All users are encouraged to wait until the current drought or emergency situation has passed before establishing new landscaping and turf. Variances granted for establishing new turf grass or landscaping may be granted for a maximum of 30 days in accordance with Section X of this plan. However, variances are at the discretion of the District Manager and may be denied if circumstances are warranted. This exception does not apply to over seeding with rye or seasonal grasses where turf already exists. 3. Prohibit use of water for dust control, except to protect public health. 4. Prohibit the operation of ornamental fountains or ponds that use potable water except where necessary to support aquatic life or where such fountains or ponds are equipped with a recirculation system. 5. Prohibit filling, draining, or refilling of swimming pools, wading pools, hot tubs, and Jacuzzi type pools except to maintain structural integrity, proper operation and maintenance, and/or to alleviate an issue that poses a public safety risk. 6. Encourage the use of covers for all types of pools, hot tubs, and Jacuzzi type pools when not in use. E. Commercial Customers 1. All actions listed above for all water users apply to commercial and industrial users. 2. Use of water from fire hydrants for any purpose other than firefighting-related activities or other activities necessary to maintain public health, safety and welfare requires a variance permit issued by the District Manager. Fire hydrant use may be limited to only designated hydrants. Upon declaration of this drought stage, all holders or applicants of a portable meter are required to apply for a variance as set forth in Section X of this plan. If conditions warrant the need, the District Manager may require all portable meters be immediately returned pending an approved variance permit. F. Town, District and Other Local Government Responsibilities During Stage 2 - In addition to the actions listed above: 1. Continue or initiate any actions available under Stage 1. 2. Review conditions and/or problems that caused Stage 2 and take corrective action. 3. Increase frequency of media releases on water supply conditions. 4. Further accelerate public education efforts on ways to reduce water use. Town Council Page 431 of 465 Meeting Date: Monday, April 21, 2014 5. Eliminate non‐essential water use. As used herein, non‐essential water uses are those that do not have any health or safety impact and are not needed to meet the core function of the agency. 6. Prohibit wet street sweeping. 7. The District Manager or his/her designee will notify wholesale customers of actions being taken and require them to implement the same stage and measures. Stage 3 Response Triggers – Emergency Water Use A. Triggering Conditions for Stage 3 1. Water demand has reached or exceeds 98% of reliable delivery capacity for one (1) day. 2. Contamination of the water supply source(s) or water supply system. 3. Demand for all or part of the delivery system exceeds delivery capacity because delivery capacity is inadequate. 4. Pursuant to requirements established in the agreement with the City of Fort Worth, notification is received requesting initiation of Stage 3 of their Drought Contingency Plan. 5. Conditions within the Town water system and/or District’s water system that warrant a major reduction in water usage. These conditions may include loss of supply, storage, or pumping capacity, water main break, or other system failure. B. Terminating Conditions for Stage 3 - Stage 3 may terminate when the District or the City of Fort Worth terminates its Stage 3 condition or when the circumstances that caused the initiation of Stage 3 no longer prevail. C. Goals for Use Reduction for Stage 3 - The goal for water use reduction under Stage 3 - Emergency Water Use, is to decrease use by 20 percent (20%). If circumstances warrant or if required by the District or by the City of Fort Worth, the Town Manager or his/her official designee can set a goal for a greater water use reduction. D. All Water Users – Continuation of restrictions imposed in Stages 1 and 2 and: 1. Prohibit landscape watering, including at parks, golf courses, and sports fields. 2. Exceptions: a. Watering with a hand-held hose, soaker hose, or drip irrigation system may occur any day except Monday at any time. The intent of this measure is to allow for the protection of structural foundations, trees, and other high value landscape materials. b. Golf course greens only may be watered by hand‐held hose as needed to keep them alive. However watering must be done before 10 a.m. and after 6 p.m. c. Watering of athletic fields (playing fields with a stadium only – not surrounding landscaping) may be allowed by a variance permit. A water management plan must be submitted to the Town Manager detailing how each area will comply with stage 3 drought measurements. If approved by the District Manager, watering of athletic fields will be expressly permitted through a variance permit. Town Council Page 432 of 465 Meeting Date: Monday, April 21, 2014 3. Prohibit establishment of new landscaping. Variances may be granted in accordance with Section X of this plan for those landscape projects initiated prior to the initiation of stage 3 drought restrictions. 4. Restrict vehicle washing to commercial car wash, commercial service station or private on‐site vehicle washing facilities and only as necessary for health, sanitation, or safety reasons, including but not limited to the washing of garbage trucks and vehicles used to transport food and other perishables. All other vehicle washing is prohibited. 5. Prohibit the operation of ornamental fountains or ponds that use potable water except where necessary to support aquatic life. 6. Prohibit the draining, filling, or refilling of swimming pools, wading pools and Jacuzzi type pools. Existing private and public pools may add water to maintain pool levels; however they may not be refilled using automatic fill valves. 7. Prohibit the hosing of buildings or other structures for purposes other than fire protection or surface preparation prior to painting with high-pressure equipment. If allowed, surface preparation must be performed by a professional power washing service utilizing high efficiency equipment and a vacuum recovery system. E. Commercial Customers 1. All actions listed above for all water users apply to commercial and industrial users. 2. Hotels, restaurants, and bars are required to serve drinking water to patrons on an “on demand” basis. 3. Hotels are required to implement laundry conservation measures by encouraging patrons to reuse linens and towels. 4. Commercial water users will be required to reduce water use by a set percentage determined by the District Manager. Use of water from hydrants for any purpose other than firefighting‐related activities or other activities necessary to maintain public health, safety and welfare The Town Manager will order the return of all portable meters until stage 3 restrictions are rescinded. F. District and Other Local Government Responsibility - In addition to actions listed above: 1. Continue or initiate any actions available under Stages 1 and 2. 2. Review conditions or problems that caused Stage 3 and take corrective action. 3. Implement viable alternative water supply strategies. 4. Increase frequency of media releases explaining emergency situation. 5. Reduce Town, District and local government water use to maximum extent possible. 6. Prohibit the permitting of new swimming pools, Jacuzzi type pools, spas, ornamental ponds and fountain construction. Pools already permitted and under construction may be completely filled with water if a variance permit is granted in accordance with Section X of this plan 7. Institute a mandated reduction in deliveries to all wholesale customers. Such a reduction will be distributed as required by Texas Water Code §11.039. Town Council Page 433 of 465 Meeting Date: Monday, April 21, 2014 8. The Town Manager or his/her designee will notify wholesale customers of actions being taken and require them to implement the same stage and measures. Section X: Procedures for Granting Variances to the Plan by District A. The District Manager or his/her official designee may grant temporary variances for existing water uses otherwise prohibited under the Plan if one or more of the following conditions are met: 1. Failure to grant such a variance would cause an emergency condition adversely affecting health, sanitation, or fire safety for the public or the person requesting the variance. 2. Compliance with this Plan cannot be accomplished due to technical or other limitations. 3. Alternative methods that achieve the same level of reduction in water use can be implemented. B. Variances shall be granted or denied at the discretion of the District Manager or his/her official designee. All petitions for variances should be in writing and should include the following information: 1. Name and address of the petitioner(s) 2. Purpose of water use 3. Specific provisions of the Plan from which the petitioner is requesting relief 4. Detailed statement of the adverse effect of the provision from which relief is requested 5. Description of the relief requested 6. Period of time for which the variance is sought 7. Alternative measures that will be taken to reduce water use 8. Other pertinent information Section XI: Enforcement Procedures for Mandatory Water Use Measures A. No person shall knowingly or intentionally allow the use of Water for residential, commercial, industrial, agricultural, governmental, or any other purpose in a manner contrary to any provision of this Plan, or in an amount in excess of that permitted by the Drought Response Stage in effect at the time pursuant to action taken by the Town Council of the Town of Trophy Club, the Town Manager, the Board of Directors of the District or the District Manager, or his/her designee, in accordance with the provisions of this Plan. B. Mandatory water conservation measures and mandatory water restrictions will be enforced as follows: 1. On the first violation, customers will be given a written warning that they have violated the mandatory water use restrictions. The violation will be explained in the warning (wrong day of week, outside permissible watering times, etc.) and will include a telephone number to the District for information regarding the violation. Town Council Page 434 of 465 Meeting Date: Monday, April 21, 2014 2. Any person who violates this Plan for the second or subsequent times in a calendar year is subject to an administrative penalty of fifty dollars ($50.00) that will be added to the customer’s next monthly water bill. The customer will be provided a notice of the penalty that will include an explanation of the violation. 3. If a person is found to have committed three (3) or more distinct violations of this Plan, the District Manager is authorized to discontinue water service to the premises where such violations occur. Written notice with the reason for disconnection will be provided to the customer. Reconnection of service will require payment of a two hundred dollar ($200.00) reconnection charge paid to the District prior to service reinstatement in addition to an administrative penalty of $50. Service reinstatement will only be provided during District office hours. In addition, suitable assurance must be given to the District Manager that the same action shall not be repeated while the Plan is in effect. C. In addition to administrative penalties issued by District personnel, any Trophy Club, Denton, or Tarrant County enforcement officer or licensed enforcement officer of the Town or District, pursuant to an Interlocal agreement with Town, may issue a citation to a person he/she reasonably believes to be in violation of this Plan and if found guilty is subject to a fine of up to $2000 per violation. D. Each day that one or more of the provisions in the Plan is violated shall constitute a separate offense. Compliance with this Plan may also be sought through injunctive relief in the District Court. E. Any Person, including a Person classified as a water customer of the District, in apparent control of the property where a violation occurs or originates, shall be presumed to be the violator, and proof that the violation occurred on the person’s property shall constitute a rebuttable presumption that the person in apparent control of the property committed the violation. F. This Plan is approved by duly adopted Resolution of the Trophy Club Town Council. Section XII: Review and Update of Drought Contingency Plan As required by TCEQ rules, the Town will review this Drought Contingency Plan at least every five (5) years after adoption or amendment. The Plan will be updated as appropriate, based on new or updated information. Town Council Page 435 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1107-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/14/2014 Town Council On agenda:Final action:4/21/2014 Title:Consider and take appropriate action regarding a Resolution adopting a Water Conservation Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Attachments:Staff Report - Water Conservation Plan.pdf RES 2014-09 Water Conservation Plan.pdf Water Conservation Plan - April 2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Resolution adopting a Water Conservation Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Town Council Page 436 of 465 Meeting Date: Monday, April 21, 2014 To: Mayor and Town Council From: Mike Slye, Town Manager CC: Tammy Ard, Town Secretary Re: Water Conservation Plan Town Council Meeting, Monday, April 21, 2014 Agenda Item: Consider and take appropriate action regarding a Resolution adopting the Town Water Conservation Plan for the Town of Trophy Club Public Improvement District, Public Water System ID No. 0160273; and providing an effective date. Explanation: The Water Conservation plan requires updating and filing as appropriate with TCEQ/TWDB as Fort Worth recently mandated a permanent 2-day/week irrigation restriction on all systems. Trophy Club MUD1 is updating their plans for their customers as well. Attachments: • Resolution 2014-09 Water Conservation Plan • Water Conservation Plan Town Council Goals: Goal #1: Safe and secure community. Maintain low crime rate Increase citizen awareness and involvement in crime prevention Provide superior Emergency Services Improve data security Goal #2: Business-Friendly Economic Development Create effective working relationships with businesses and developers Retain / Develop existing businesses Promote new commercial opportunities Town Council Page 437 of 465 Meeting Date: Monday, April 21, 2014 Goal # 3: Strong Partnerships and Community Involvement Create a positive regional identity Foster a well informed community Forge collaborative relationships with other governmental and public entities Support citizen volunteer opportunities Promote recreational / active lifestyle opportunities for all ages Goal #4: Healthy, Picturesque, and Environmentally Sound Promote recreational / active lifestyle opportunities for all ages Maintain neat and tidy appearance Improve property maintenance standards and code enforcement Develop / Enhance environmental and sustainability standards and programs Goal #5: Financial and Operational Stewardship Develop, recognize, and retain quality staff Implement strong financial management standards Improve effectiveness and efficiency of operational processes Maintain / Improve infrastructure and assets Provide cost-effective services Deliver responsible customer service Recommendation: Staff recommends approval of the Water Conservation Plan. Town Council Page 438 of 465 Meeting Date: Monday, April 21, 2014 TOWN OF TROPHY CLUB RESOLUTION NO. 2014-09 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, APPROVING THE ADOPTION OF THE WATER CONSERVATION PLAN FOR THE TROPHY CLUB PUBLIC IMPROVEMENT DISTRICT -- PUBLIC WATER SYSTEM ID NO. 0160273; PROVIDING RULES AND POLICIES FOR THE ORDERLY AND EFFICIENT MANAGEMENT OF LIMITED WATER SUPPLIES DURING DROUGHT AND OTHER WATER SUPPLY EMERGENCIES; ESTABLISHING CERTAIN PRACTICES, TECHNIQUES, AND TECHNOLOGIES THAT REDUCE THE CONSUMPTION OF WATER IN THE TOWN; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town contracts with Trophy Club Municipal Utility District No. 1 (hereinafter “District”) to provide water to the Trophy Club Public Improvement District, Public Water System ID No. 0160273; and WHEREAS, Town is a Public Water System required to comply with TCEQ rules and regulations; and WHEREAS, pursuant to Texas Administrative Code Title 30, Part 1, Chapter 288, Subchapter B, Rule 288.20 and Rule 288.22, respectively, the Town has adopted a drought contingency plan meeting the minimum requirements such plans; and WHEREAS, District contracts with the City of Fort Worth (hereinafter “Fort Worth”) to provide wholesale water to the District (hereinafter “Fort Worth Contract”); and WHEREAS, pursuant to the contract between the Town and District, and pursuant to the Fort Worth Contract, certain policies must be adopted by the Town in a Water Conservation Plan; and WHEREAS, the District is considering the adoption of a Water Conservation Plan for the District, the Town has reviewed that plan and has determined it appropriate and necessary to adopt a substantially similar plan for its Public Water System; and WHEREAS, having reviewed the proposed “Water Conservation Plan” for the Town of Trophy Club Public Improvement District – Public Water System ID No. 0160273 which sets for the policies and guidelines of the Town’s Water Conservation Plan, a copy of which is attached hereto as Exhibit “A”, (hereinafter “Town Plan”), the Town Council finds that the adoption of the Town Plan serves the public health, safety and welfare. Town Council Page 439 of 465 Meeting Date: Monday, April 21, 2014 NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the foregoing recitals are hereby approved and incorporated herein as findings. Section 2. That the Town Council having reviewed the Town Plan, has determined that adoption of the Plan is prudent and serves the best interests of public health, safety and welfare by providing rules and policies for the orderly and efficient management of limited water supplies during drought and other water supply emergencies and by establishing certain practices, techniques, and technologies that reduce the consumption of water in the Town. Section 3. That the Town Council hereby adopts the Water Conservation Plan for the Town of Trophy Club Public Improvement District – Public Water System ID No. 0160273, a copy of which is attached hereto and incorporated herein as Exhibit “A” hereto. Section 4. That this Resolution shall become effective immediately upon passage and compliance with all legal requirements, and it is so resolved. PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, THIS 21st DAY OF April, 2014. ________________________________ Connie White, Mayor Town of Trophy Club, Texas ATTEST: __________________________________ Tammy Ard, Town Secretary Town of Trophy Club, Texas APPROVED AS TO FORM: ____________________________________ Patricia A. Adams, Town Attorney Town of Trophy Club, Texas Town Council Page 440 of 465 Meeting Date: Monday, April 21, 2014 Water Conservation Plan Adopted April 21, 2014 Town Manager: Mike Slye Town of Trophy Club 100 Municipal Drive Trophy Club, TX 76262 (682) 831-4610 Town of Trophy Club Public Improvement District – Public Water System ID No. 0160273 Town Council Page 441 of 465 Meeting Date: Monday, April 21, 2014 TABLE OF CONTENTS 1. Introduction ........................................................................................................................................................................ 3 2. Authorization ...................................................................................................................................................................... 3 3. Public Involvement ............................................................................................................................................................. 4 4. Water Conservation Plan Goals .......................................................................................................................................... 4 5. Background Information ..................................................................................................................................................... 4 6. Water and Wastewater Utility System Profile .................................................................................................................... 5 7. Public Education ................................................................................................................................................................. 5 8. Plumbing Codes .................................................................................................................................................................. 6 9. Rebate and Retrofit Programs ............................................................................................................................................ 6 10. Universal Metering ......................................................................................................................................................... 6 11. Water Conserving Landscape ......................................................................................................................................... 6 12. Rate Structures for Water and Wastewater ................................................................................................................... 7 13. Unaccounted for Water Use, Leak Detection, and Water Audits .................................................................................. 7 14. Recycling and Reuse ....................................................................................................................................................... 8 15. Implementation and Enforcement ................................................................................................................................. 8 16. Monitoring and Reporting .............................................................................................................................................. 8 17. Coordination with the Regional Water Planning Group................................................................................................. 9 APPENDIX A ................................................................................................................................................................................. 9 APPENDIX B ............................................................................................................................................................................... 17 APPENDIX C ............................................................................................................................................................................... 18 EXHIBIT 1 ................................................................................................................................................................................... 19 EXHIBIT 2 ................................................................................................................................................................................... 20 Town Council Page 442 of 465 Meeting Date: Monday, April 21, 2014 1. INTRODUCTION The Town of Trophy Club, Texas (the “Town”), holding Public Water System ID No. 0160273 for the Town of Trophy Club Public Improvement District , has adopted this Water Conservation Plan (“Plan”) for the following purposes: (i) to establish certain rules and policies for the orderly and efficient management of limited water supplies during drought and other water supply emergencies; and (ii) to establish certain practices, techniques, and technologies that reduce the consumption of water in the Town , and to improve the efficiency of use of water in the Town . The Town has also adopted a Drought Contingency and Emergency Water Management Plan that sets forth the specific requirements that will be initiated should a drought or other water emergency occur. The Town ’s Drought Contingency and Emergency Water Plan is attached hereto and incorporated herein as EXHIBIT 1. The Town has adopted the drought contingency aspects of this Plan pursuant to, and in accordance with, 30 TAC §288.20 and §288.30(5)(B), which require certain retail public water suppliers to adopt a drought contingency plan by May 1, 2005, and to update the plan before May 1, 2009 and every five years after that date, as well as to update the Plan to reflect changes to rules and procedures. The Town has adopted the water conservation provisions of this Plan pursuant to its contract to purchase treated surface water from the Trophy Club Municipal Utility District No. 1 (hereinafter “District”), a wholesale provider to Town, with the District also having adopted a water conservation plan in accordance with its contractual obligations with the City of Fort Worth (the “Fort Worth”), both District and Town having agreed to adopt and enforce water conservation measures and goals similar to Fort Worth. A violation of the mandatory provisions of this Plan shall constitute a violation of the Town’s and the District’s rules, and shall subject the offender(s) to penalties as defined in Section 15 of this Plan. 2. AUTHORIZATION The Town Manager, or his designee is hereby authorized and directed to implement and enforce the provisions of this Plan. The provisions of this Plan shall apply to all persons, customers, and property within the Town and to all persons, customers, and property served directly by the District and classified as “out of District ” customers. This Plan also applies to all persons or entities that are directly served by the Town of Trophy Club (the “Town”) pursuant to an agreement between the Town and District to provide wholesale water supply and operational services to designated areas of the Town, that are subject to the payment of Town rates for retail water service and known as Trophy Club Public Improvement District No. 1 (hereinafter the “PID”). All such persons and entities are subject to the water conservation and drought Town Council Page 443 of 465 Meeting Date: Monday, April 21, 2014 contingency requirements promulgated by the Town. The Town of Trophy Club is required through its contract with the District to adopt its own Water Conservation and Drought Contingency Plans and to provide a copy of its adopted or amended plans to the District. For purposes of this Plan, it shall be presumed that a person, corporation, or association in whose name service was last billed and who is receiving the use or economic benefit of water provided by the Town has knowingly made, caused, used, or permitted the use of water received from the Town . 3. PUBLIC INVOLVEMENT Opportunity for the public to provide input into the preparation of this Plan was provided by the Town Council of the Town by means of a public meeting regarding the adoption of this Plan. At the meeting, interested members of the public were given the opportunity to provide input regarding the contents and requirements of this Plan. Additionally, the Plan is posted on the Town website and public comments are accepted via email or through written submittals. 4. WATER CONSERVATION PLAN GOALS The Town strives to achieve significant conservation savings without burdening its customers with extra costs. By generating water savings now, the Town recognizes long-term benefits to its customers through extended life of the water supplies and extended life of water system infrastructure. Under this Plan the Town seeks to achieve a 5% reduction in water consumption per person in the next five (5) years and a 10% reduction in water consumption per person over the next ten (10) years. 2013 Gallons Per Capita Per Day Usage Reduction Goal by 2018 5% Reduction Goal by 2023 10% 211 gpcd 201 gpcd 190 gpcd 5. BACKGROUND INFORMATION Town Council Page 444 of 465 Meeting Date: Monday, April 21, 2014 District provides retail water and wastewater services to approximately 3,020 single family residences, townhouses, and condominium units, and to Trophy Club Country Club and certain other commercial establishments. The District’s boundaries encompass an area within the Town of Trophy Club and an area within the Town of Westlake. In addition to providing retail water and wastewater services to customers within its boundaries and a few out-of-district customers, the District also provides wholesale water and wastewater services to the Town of Trophy Club pursuant to an agreement between the Town and District to provide wholesale water supply and operational services to the Town. The Town provides retail service to the PID, comprised of approximately 1,100 single family residences. The source of potable water supply from the District to the Town is a wholesale water service agreement previously entered into by the District and the City of Fort Worth and is supplemented by groundwater from four District wells. Three of these wells are from the Paluxy aquifer and one is from the Trinity aquifer. The water consumption data from the District’s master meter identifies water use patterns within the District combined with those from the Town. Peak water demand occurs in the summer months, reflecting increased water utilized for landscape irrigation. This demand occurs in different months and varies by as much as 30% from one year to the next, indicating demand is sensitive to rainfall variations (i.e., customers vary their demand for irrigation water based upon landscape needs). 6. WATER AND WASTEWATER UTILITY SYSTEM PROFILE A complete Water Conservation Utility Profile, TWDB Form WRD-264 for the Town is provided in Appendix A, a copy of which is attached hereto and incorporated herein. 7. PUBLIC EDUCATION The Town and District periodically provide information to the public regarding water conservation generally, and regarding this Plan specifically. Information furnished includes information about the conditions under which each stage of the Plan is to be initiated or terminated and the drought response measures to be implemented in each stage. The Town and District will continue to promote water conservation and assist residents in practicing water conservation techniques by informing the public in a variety of ways including: • Water conservation literature will be distributed at the Town ’s offices • Direct mail notification when the Plan is approved or amended • New customers will receive conservation information • Bill inserts and listing of previous 12 month’s usage on bills Town Council Page 445 of 465 Meeting Date: Monday, April 21, 2014 • Website information and links • Articles in the Town and neighborhood newsletters • Signs posted at entrances to the Town 8. PLUMBING CODES The Town has adopted the International Plumbing Code, 2003 Edition, which requires the use of water saving fixtures to be installed in new construction and in the replacement of plumbing in existing structures. 9. REBATE AND RETROFIT PROGRAMS The Town through its agreement with the District will educate the residents, plumbers, and contractors on the benefits of retrofitting existing facilities with water saving devices. This program will be encompassed in the educational and informational programs utilized by the Town and District. 10. U NIVERSAL METERING The supply line from the City of Fort Worth, wells, customer locations, and District water use facilities are metered. All water supply meters are calibrated annually to ensure accuracy within plus or minus 5%. All customer accounts are metered and read monthly. The District has converted 95% of all customer meters to smart meters that can be data logged to assist customers in identifying the presence of leaks. Additionally, the District’s meter reading software allows for downloading a list of customers whose meters have not stopped consuming water for a full hour over a twenty four hour period. The list is used to generate a postcard to the customer letting them know there could possibly be a leak in their private plumbing. The Town through its agreement with the District will continue to provide a water meter preventive maintenance program, wherein testing, repairs, and replacement are performed in accordance with American Water Works Association (AWWA) standards. 11. WATER CONSERVING LANDSCAPE Town Council Page 446 of 465 Meeting Date: Monday, April 21, 2014 The Town through its agreement with the District will provide information through the public education program to homeowners, business owners, landscape architects, and irrigation contractors about the methods and benefits of water conserving landscaping practices and devices. The following methods will be encouraged. • The use of low water consuming plants and grasses for landscaping. • The use of drip irrigation systems when possible or other water conserving irrigation systems that utilize efficient sprinklers • The use of ornamental fountains that recycle water and use a minimum amount of water. 12. RATE STRUCTURES FOR WATER AND WASTEWATER Water conservation is promoted by the Town and District using an inverted block rate structure. This structure allows for higher usage customers to pay increasing rates based on usage tiers. Conservation water rates have been in place for many years and will continue to be utilized to promote the water conservation efforts. The District’s rate structure applies to all customers of the Town and is identified in Appendix B, a copy of which is attached hereto and incorporated herein.. 13. UNACCOUNTED FOR WATER USE, LEAK DETECTION, AND WATER AUDITS Town through its agreement with the District has aggressively implemented a leak detection and repair program and has in inventory all necessary repair materials needed to ensure prompt repairs of all leaks detected or reported. Visual inspections of the system on routinely performed and documented in operator’s logs. Additionally, reported leaks are tracked through the utility automated work order system and are addressed within twenty-four hours of receiving a report. Town and District customers can submit service requests online through the District ’s website or contact the District office 24 hours daily. A monthly water loss report provides and effective tracking system of metered production, metered consumption, accounted water losses, and unaccountable water loss. The Town through its agreement with the District District maintains records of unmetered water usage including water used for fire fighting, water line flushing and repairs, and water use in infrastructure construction. The District maintains an annual unaccountable rate of 8% which meets the American Water Works Association’s recommended rate of less than 10%. Town Council Page 447 of 465 Meeting Date: Monday, April 21, 2014 14. RECYCLING AND REUSE The District provides 100% of treated effluent during the summer months and approximately 75% of treated effluent during the winter months to the Trophy Club Country Club for irrigation of its golf course. 15. IMPLEMENTATION AND ENFORCEMENT The Town Manager will administer and enforce this Plan, and will oversee and be responsible for the execution and implementation of all elements of this Plan. The District Manager through its agreement with the Town shall keep adequate records for Plan verification and shall report to the Board of Directors of the District and the Town Council regarding actions taken and which need to be taken under this Plan. Without limiting the foregoing, the District Manager shall advise the Town Manager and the Mayor of Trophy Club (or if the Mayor is unavailable to receive notification, another member of the Town Council) as soon as reasonably practicable when a particular Trigger Condition has been reached under the Drought Plan and when a particular drought condition no longer exists. The District’s Resolution adopting its plan is included in Exhibit 2, a copy of which is attached hereto and incorporated hereing. The Town shall also adopt this Plan by approved of a Resolution of the Town Council. 16. MONITORING AND REPORTING The District Manager through its agreement with the District shall submit monthly reports to the Town Manager and Town Council showing water pumped and water sold by month for the previous 12 months. Additionally, the Town Manager will conduct an annual audit to determine unaccounted water losses for the previous calendar year and shall report annually to the Town Council and the Texas Commission on Environmental Quality (TCEQ) and/or the Texas Water development Board (TWDB) if required by regulations. Town Council Page 448 of 465 Meeting Date: Monday, April 21, 2014 17. COORDINATION WITH THE REGIONAL WATER PLANNING GROUP The Town ’s service area is located within the Region C water planning area, and the Town has provided a copy of this Plan to the Region C water planning group. A copy of the transmittal letter to Region C is attached and incorporated herein as Appendix C. APPENDIX A Utility Profile Name: The Town of Trophy Club Public Improvement District – Public Water System ID No. 0160273 Address: 100 Municipal Drive, Trophy Club, TX 76262 Telephone Number: ( 682 ) 831-4600 Fax: ( 817 ) 491-9312 Water Right No.(s): N/A Regional Water Planning Group: Region C Form Completed by: Mike Slye Title: Town Manager Person responsible for implementing conservation program: Mike Slye ____Phone: ( 682) 831-4600 Signature:____________________ Date: 04/22/2014 Town Council Page 449 of 465 Meeting Date: Monday, April 21, 2014 I. POPULATION AND CUSTOMER DATA A. Population and Service Area Data 1. The Town does not hold a CCN with the TCEQ and a service area map is below: 2. Service area size (in square miles):1.08 SQUARE MILES 3. Current population of service area: 3304__ 4. Current population served for: a. Water 3304 b. Wastewater 3304 Town Council Page 450 of 465 Meeting Date: Monday, April 21, 2014 5. Population served for previous five years: Year Population 2009 0 2010 0 2011 0 2012 0 2013 3304 *Town of Trophy Club became separate public water system during 2013 6. Projected population for service area in the following decades: Year Population 2020 3,940 2030 3,940 2040 3,940 2050 3,940 2060 3,940 7. List source or method for the calculation of current and projected population size. Town population is calculated by multiplying 2.8 times the number of connections on December 31st each year. Total build-out is expected by 2017. B. Customer Data 1. Current number of active connections. Check whether multi-family service is counted as X Residential or  Commercial Treated Water Users Metered Non-Metered Totals Treated Water Users Residential Single Family 1181 0 1181 Multi-Family 0 0 0 Commercial 0 0 0 Industrial/Mining 0 0 0 Institutional 0 0 0 Agricultural 0 0 0 Other/Wholesale 0 0 0 Town Council Page 451 of 465 Meeting Date: Monday, April 21, 2014 2. List the number of new connections per year for most recent three years. Year 2011 2012 2013 Treated Water Users N/A N/A Residential Single Family 0 0 239 Multi-Family 0 0 0 Commercial 0 0 0 Industrial/Mining 0 0 0 Institutional 0 0 0 Agricultural 0 0 0 Other/Wholesale 0 0 0 *Public Water System ID obtained in 2013 3. List of annual water use for the five highest volume customers. Customer Use (1,000 gal/year) Treated or Raw Water 1. Town of Trophy Club 6,753,000 Treated 2. Lennar Homes 5,770,000 Treated 3. Turnberry HOA 3,902,000 Treated 4. Highlands of TC HOA 2,219,000 Treated 5. First Texas Homes 2,030,000 Treated Town Council Page 452 of 465 Meeting Date: Monday, April 21, 2014 II. WATER USE DATA FOR SERVICE AREA A. Water Accounting Data 1. List the amount of water use for the previous five years (in 1,000 gallons). Indicate whether this is X diverted or  treated water. Year 2009 2010 2011 2012 2013 Month January N/A N/A N/A N/A 7,925,000 February 7,208,000 March 10,214,000 April 13,534,000 May 18,885,000 June 19,993,000 July 24,701,000 August 29,954,000 September 25,949,000 October 21,034,000 November 11,548,000 December 7,093,000 TOTALS 198,038,000 Years 2009-2012 include Town of Trophy Club Improvement Town . In 2013 they obtained a PWS ID and became a wholesale customer of the Town . Above numbers are determined from Water Sales. Town Council Page 453 of 465 Meeting Date: Monday, April 21, 2014 2. Amount of water (in 1,000 gallons) delivered/sold as recorded by the following account types for the past five years. Year 2009 2010 2011 2012 2013 Account Types Residential Single Family 190,177,000 Multi- Family Commercial Industrial/Mining Institutional 7,861,000 Agricultural Other/Wholesale *Town of Trophy Club previously included as retail customers. They obtained a PWS ID in 2013 and are a wholesale customer. 3. List the previous records for water loss for the past five years (the difference between water diverted or treated and water delivered or sold). B. Projected Water Demands Year Amount (gallons) Percent % 2009 2010 2011 2012 2013 Town Council Page 454 of 465 Meeting Date: Monday, April 21, 2014 III. WATER SUPPLY SYSTEM DATA A. Water Supply Sources List all current water supply sources and the amounts authorized (in acre feet) with each. Water Type Source Amount Authorized Purchased Treated Surface Water Trophy Club MUD #1 N/A B. Treatment and Distribution System 1. Design daily capacity of system (MGD): __N/A___ 2. Storage capacity (MGD): a. Elevated 0.5 MGD b. Ground 0 3. If surface water, do you recycle filter backwash to the head of the plant? N/A  Yes  No If yes, approximate amount (MGD): N/A IV. WASTEWATER SYSTEM DATA A. Wastewater System Data (if applicable) 1. Design capacity of wastewater treatment plant(s) (MGD): 2. Treated effluent is used for on-site irrigation, off-site irrigation, for plant wash- down, and/or for chlorination/dechlorination. If yes, approximate amount (in gallons per month): 3. Briefly describe the wastewater system(s) of the area serviced by the water utility. Describe how treated wastewater is disposed. Where applicable, identify treatment plant(s) with the TCEQ name and number, the operator, owner, and the receiving stream if wastewater is discharged. Wasterwater Service is provided through a Wholesale Service Agreement with Trophy Club MUD #1. The District owns and operates the system and the wastewater is treated at their wastewater plant with a permitted flow of 1.75 MGD. The plant operates under TPDES number Town Council Page 455 of 465 Meeting Date: Monday, April 21, 2014 WQ0011593001 and discharges to Marshall Branch, thence to Grapevine Lake of the Trinity River Basin. B. Wastewater Data for Service Area (if applicable) 1. Percent of water service area served by wastewater system: 100 % 2. Monthly volume treated for previous five years (in 1,000 gallons): Year: 2009 2010 2011 2012 2013 Month January February March April May June July August September October November December TOTALS *Wholesale Wastewater Service provided by Trophy Club MUD #1 and wastewater is not metered. Town Council Page 456 of 465 Meeting Date: Monday, April 21, 2014 APPENDIX B Rate Structure Water Rates Residential and Commercial: Monthly Basic Fee: $12.71 Volumetric Rates (per 1000 gallons): 0-6,000 gallons $2.50 6,001 to 17,000 gallons $3.05 17,001 to 25,000 gallons $3.30 25,001 to 50,000 gallons $3.40 50,001 or greater gallons $3.50 Sewer Rates Residential: Monthly Basic Fee: $12.71 Volumetric Rates (per 1000 gallons): Residential sewer usage charges are capped at 12,000 gallons per month and billed at $2.50 per 1,000 gallons used (up to maximum of 12,000 gallons) Commercial: Monthly Basic Fee: $12.71 Volumetric Rates (per 1000 gallons): Commercial sewer usage is billed per 1000 gallons of water consumed (no maximum amount) at the following rates: 0-6,000 gallons $2.50 6,001 to 17,000 gallons $3.05 17,001 to 25,000 gallons $3.30 25,001 to 50,000 gallons $3.40 50,001 or greater gallons $3.50 Town Council Page 457 of 465 Meeting Date: Monday, April 21, 2014 APPENDIX C Transmittal Letter of Plan to Region C Town Council Page 458 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT 1 Drought Contingency Plan Town Council Page 459 of 465 Meeting Date: Monday, April 21, 2014 EXHIBIT 2 Resolution Approving Water Conservation Plan Town Council Page 460 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1103-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/13/2014 Town Council On agenda:Final action:4/21/2014 Title:Town Council Liaison Updates; discussion of same. * Park Board - April 8, 2014 * EDC 4B - April 14, 2014 Attachments: Action ByDate Action ResultVer. Town Council Liaison Updates; discussion of same. * Park Board - April 8, 2014 * EDC 4B - April 14, 2014 Town Council Page 461 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1104-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/13/2014 Town Council On agenda:Final action:4/21/2014 Title:Town Manager Slye's update regarding the following; discussion of same. * Election Update - Early Voting starts Monday, April 28 and ends Tuesday, May 6 - Canvas Election * 114/170 Transportation Update * 'The Fugitive' Update * Citizen University * Community Garage Sale - Saturday, May 3 Attachments: Action ByDate Action ResultVer. Town Manager Slye's update regarding the following; discussion of same. * Election Update - Early Voting starts Monday, April 28 and ends Tuesday, May 6 - Canvas Election * 114/170 Transportation Update * 'The Fugitive' Update * Citizen University * Community Garage Sale - Saturday, May 3 Town Council Page 462 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1105-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/13/2014 Town Council On agenda:Final action:4/21/2014 Title:Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. * Tom Thumb Fuel Station Ribbon Cutting Ceremony - April 8 * Congressional Medal of Honor Escort - April 9 * TML - Small Cities Problem Solving - April 11 * Easter Eggstravaganza - April 12 * I-35 Coalition Quarterly Meeting - April 16 * Metroport Cities Partnership Meeting - April 17 Attachments: Action ByDate Action ResultVer. Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. * Tom Thumb Fuel Station Ribbon Cutting Ceremony - April 8 * Congressional Medal of Honor Escort - April 9 * TML - Small Cities Problem Solving - April 11 * Easter Eggstravaganza - April 12 * I-35 Coalition Quarterly Meeting - April 16 * Metroport Cities Partnership Meeting - April 17 Town Council Page 463 of 465 Meeting Date: Monday, April 21, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-1106-T Name: Status:Type:Agenda Item Regular Session File created:In control:4/13/2014 Town Council On agenda:Final action:4/21/2014 Title:Review of Future Agenda Items. Attachments:Town Council Future Agenda Items reflecting changes during 4-7-2014 TC Mtg.pdf Action ByDate Action ResultVer. Review of Future Agenda Items. Town Council Page 464 of 465 Meeting Date: Monday, April 21, 2014 Town Council Future Agenda Items List (reflects changes made during 4/7/2014 Town Council Meeting) 1. Consider and take appropriate action regarding procurement policies and their alignment with State statutes. (Rose 2/1/10) REMOVED 4/7/2014 2. Consider and take appropriate action regarding noise regulations for Oil and Gas Well Drilling and Production (Rose 4/26/10) REMOVED 4/7/2014 3. Consider and take appropriate action regarding the creation of a “Going Green” initiative throughout the Town. (White 2/24/2011) 4. Consider and take appropriate action regarding Food Prep Carts for sporting events and special events and to review/update Park Policies (Cantrell 5/7/2012) REMOVED 4/7/2014 5. Review of #10 of Chapter 8 “Nuisances”, Article I “Noise Nuisances”, Section 1.01 “Nuisances Defined” (Schroeder 6/21/2012) REMOVED 4/7/2014 6. Consider and take appropriate action regarding the creation of a Youth Council within Trophy Club (White and Schroeder 8/20/2012) REMOVED 4/7/2014 7. Consider and take appropriate action regarding reviewing the Ethics Ordinance (White 1/21/2013) REMOVED 4/7/2014 8. Residential Property Renewal for tax incentives and grants for the recovery and renewal of existing residential properties (Mayer 4/22/13) 9. Ordinance update regarding home occupation and number criteria for single family residential. (Lamont 7/15) 10. Discussion regarding animal shelter long and short term facility. (11/18/2013) 11. Consider and take appropriate action regarding moving council meetings to another day possibly Thursday. (Mayer 4/7/2014) Town Council Page 465 of 465 Meeting Date: Monday, April 21, 2014