The URL can be used to link to this page

Agenda Packet TC 02/03/2014Town Council Trophy Club Entities Meeting Agenda 100 Municipal Drive Trophy Club, Texas 76262 Svore Municipal Building Boardroom6:00 PMMonday, February 3, 2014 AMENDED AGENDA CALL TO ORDER AND ANNOUNCE A QUORUM WORKSHOP SESSION 1.2014-879-T Discussion of agenda items posted for consideration on the Regular Session Council Agenda for February 3, 2014. 2.2014-880-T Discussion of agenda items posted for consideration on the Regular Session Council Agenda for February 17, 2014. 2-17-2014 Draft Agenda.pdf CD Feb 17 Items.pdf Attachments: 3.2014-881-T Discussion regarding Park expenditures and Software expenditures CONVENE INTO REGULAR SESSION - ESTIMATED START TIME - 7:00 P.M. INVOCATION PLEDGES Pledge of allegiance to the American Flag. Pledge of allegiance to the Texas Flag. 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. Town Council - AMENDED Agenda Page 1 of 111 Meeting Date: Monday, February 3, 2014 February 3, 2014Town Council Meeting Agenda 4.2014-882-T Consider and take appropriate action regarding the Minutes dated January 20, 2014. TC Minutes 1-20-2014.pdfAttachments: 5.2014-884-T Consider and take appropriate action regarding a Resolution approving the submission of a grant application for the Drug Interdiction and Juvenile Resource Program Grant for the 2014-2015 fiscal year; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Staff Report - Drug Interdiction and Juvenile Resource Program Grant.pdf RES 2014-01 Drug Interdiction and Juvenile Resource Program.pdf Attachments: 6.2014-887-T Receive Racial Profiling Report; discussion of same. Staff Report - Racial Profiling Report.pdf 2013 Trophy Club Police Department Citizen Contact Report.pdf Attachments: PUBLIC HEARING 7.2014-903-T Public Hearing regarding a request for approval of amendments to Planned Development No. 30. Applicant: JSB Properties, LP represented by Bill Dahlstrom, Jackson Walker L.L.P. (THIS APPLICATION WAS WITHDRAWN FROM CONSIDERATION BY THE APPLICANT ON JANUARY 23, 2014.) REGULAR SESSION 8.2014-904-T Consider and take appropriate action regarding the adoption of Council Goals and Objectives in accordance with the Town Charter. Strategy Map.pdfAttachments: 9.2014-885-T Consider and take appropriate action regarding a Resolution amending Resolution Nos. 2013-22, No. 2013-30, and No. 2013-34, appointing citizens to serve on boards, commissions, and corporations, in order to appoint a member of Reinvestment Zone Number One, Town of Trophy Club, Texas to serve as the Chair of the Board of Directors; designating a term of service; and providing an effective date. Staff Report - TIRZ #1 Board Chair Recommendation.pdf RES 2014-04 Appointing Citizens to the TIF Board.pdf Attachments: 10.2014-886-T Consider and take appropriate action regarding an Ordinance of the Town Council of the Town of Trophy Club approving a Project and Financing Plan for Reinvestment Zone No. One, Town of Trophy Club; making various findings related to such Plan; providing for severability; and providing an effective date. Staff Report - TIRZ #1 Project and Financing Plan.pdf ResolutionNoRZ1-2014-01Signed.pdf Trophy Wood_TIF#1_PPFP - Updated.pdf ORD 2014-01 TIRZ#1 FINAL Approving Project and Financing Plan.pdf Attachments: Town Council - AMENDED Agenda Page 2 of 111 Meeting Date: Monday, February 3, 2014 February 3, 2014Town Council Meeting Agenda 11.2014-888-T Consider and take appropriate action regarding the submission of a grant application for the School Resource Program Vehicle for fiscal year 2014-2015; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Staff Report - School Resource Program vehicle for fiscal year 2014-15.pdf RES 2014-03 School Resource Program Vehicle.pdf Attachments: 12.2014-889-T Consider and take appropriate action regarding the submission of a grant application for the P-25 Compliant Radio Transition Program for fiscal year 2014-2015; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Staff Report - P-25 Compliant Radio Transition Program.pdf RES 2014-02 P25 Compliant Radio Transition Program.pdf Attachments: 13.2014-905-T Consider and take appropriate action relating to the terms of a long term contract for water and wastewater services with MUD No. 1 to provide water and wastewater service to the residents of the PID. 14.2014-893-T Consider and take appropriate action regarding financial and variance report dated December 2013. December 2013 Financial Report.pdfAttachments: 15.2014-894-T Town Council Liaison Updates; discussion of same: 16.2014-895-T Town Manager Slye's update regarding the following; discussion of same. * Transportation Update: - 114/170 Project - Round About * Fresh Meadow Drainage * Indian Creek Update & Timeline * May Election Update * Ethics Commission Vacancies * 2012 CAFR Award 17.2014-896-T Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. * Crime Prevention Luncheon - January 22nd * Northwest Reads - January 23rd * Community Storehouse Dinner & Auction - January 23rd * Keep Trophy Club Wild - January 27th * Mayor's Roundtable - January 30th * Northwest Metroport Annual Awards Gala - January 30th * Northeast Leadership Forum Annual Meeting & Luncheon - January 31st * Council Retreat 18.2014-897-T Items for Future Agendas. Town Council Future Agenda Items List updated 1-29-2014.pdfAttachments: Town Council - AMENDED Agenda Page 3 of 111 Meeting Date: Monday, February 3, 2014 February 3, 2014Town Council Meeting Agenda AMENDED 19.2014-906-T Consider and take appropriate action regarding the resignation of Council Member Clint Schroeder. EXECUTIVE SESSION 20.2014-898-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: 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) Sites for the location of a new Police Facility and related negotiations. 21.2014-899-T Consider and take appropriate action regarding the Executive Session. RECONVENE INTO REGULAR SESSION 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 - AMENDED Agenda Page 4 of 111 Meeting Date: Monday, February 3, 2014 February 3, 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 January 31, 2014 by 5:00 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 ______________________, 2014. ________________________________, Title: ___________________________ Town Council - AMENDED Agenda Page 5 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-879-T Name: Status:Type:Agenda Item Workshop File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Discussion of agenda items posted for consideration on the Regular Session Council Agenda for February 3, 2014. Attachments: Action ByDate Action ResultVer. Discussion of agenda items posted for consideration on the Regular Session Council Agenda for February 3, 2014. Town Council - AMENDED Agenda Page 6 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-880-T Name: Status:Type:Agenda Item Workshop File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Discussion of agenda items posted for consideration on the Regular Session Council Agenda for February 17, 2014. Attachments:2-17-2014 Draft Agenda.pdf CD Feb 17 Items.pdf Action ByDate Action ResultVer. Discussion of agenda items posted for consideration on the Regular Session Council Agenda for February 17, 2014. Town Council - AMENDED Agenda Page 7 of 111 Meeting Date: Monday, February 3, 2014 Meeting Date 2/17/2014 File ID Dept Discussion of agenda items posted for consideration on the Regular Session Council Agenda for February 17, 2014.Town Sec Discussion of agenda items posted for consideration on the Regular Session Council Agenda for March 3, 2014.Town Sec Reimbursement Resolution - Police Facility ATM Consider and take appropriate action regarding the Minutes dated February 3, 2014.Town Sec Consider and take appropriate action regarding the Minutes dated January 24, 2014 and January 25, 2014.2014-883-T Town Sec Consider and take appropriate action regarding granting a Special Privilege Request to the Trophy Club Women’s Club to hold two Community Garage Sale Events in 2014. Applicant: Heather Wick on behalf of Trophy Club Women’s Club.CD Joint Election Agreement and Contract for Election Services - Tarrant County 2014-901-T Town Sec Joint Election Agreement and Contract for Election Services - Denton County 2014-900-T Town Sec Discussion and recommendation regarding a (revised) Final Plat of Neighborhood 7, Phase 3C, of The Highlands at Trophy Club, an approximate 31.487 acre tract of land, consisting of 107 residential lots and 4 open space lots. Applicant: Peloton Land Solutions on behalf of High Trophy Development, LLC CD Public Hearing regarding a request for approval of amendments to Planned Development No. 30. Applicant: JSB Properties, LP represented by Bill Dahlstrom, Jackson Walker L.L.P.CD Consider and take appropriate action regarding revisions to Town Sign Ordinance relative to political signage. CD Consider and take appropriate action regarding award of a contract for a Court RFQ Attorney Discussion and recommendation regarding a request for approval of amendments to Planned Development No. 30. Applicant: JSB Properties, LP represented by Bill Dahlstrom, Jackson Walker L.L.P.CD Consider and take appropriate action regarding the approval of an Ordinance ordering and calling a General and Special Election to be held on May 10, 2014 for the purpose of electing one (1) Mayor for a three (3) year term and two (2) Council Members for Place #1 and #2 to the Town Council for a three (3) year term; and ordering and calling a special electionfor a proposition relating to the reauthorization of the local sales and use tax at the rate of one-fourth of one percent (0.25) in order to continue providing revenue for maintenance and repair of municipal streets for a specified period; providing for canvassing of returns; providing for a runoff election as necessary; adopting provisions relative to publication and other matters necessary to conduct the election; and providing an effective date.2014-891-T Town Sec Consider and take appropriate action regarding a request for Site Plan approval for Samuel Beck Elementary School, 401 Parkview Drive, Lot 3, Block 1, Northwest Independent School District East Campus Addition. Applicant: Rob Morse, RLK Engineering on behalf of Northwest ISD.CD Consider and take appropriate action regarding financial and variance report dated January 2014.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 Workshop Regular Session Consent Public Hearing Town Council - AMENDED Agenda Page 8 of 111 Meeting Date: Monday, February 3, 2014 * Warrant Round Up February 17th thru February 28th Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same.Town Sec Items for Future Agendas.Town Sec Town Sec Consider and take appropriate action regarding the Executive Session.Town Sec Executive Session Town Council - AMENDED Agenda Page 9 of 111 Meeting Date: Monday, February 3, 2014 Community Development Items tentatively scheduled for February 17 Council agenda • Consider and take appropriate action regarding granting a Special Privilege Request to the Trophy Club Women’s Club to hold two Community Garage Sale Events in 2014. Applicant: Heather Wick on behalf of Trophy Club Women’s Club. Request that this item be placed on Consent Agenda. 2014 Saturday Dates: May 3, 2014 and October 18, 2014 • Consider and take appropriate action regarding a request for Site Plan approval for Samuel Beck Elementary School, 401 Parkview Drive, Lot 3, Block 1, Northwest Independent School District East Campus Addition. Applicant: Rob Morse, RLK Engineering on behalf of Northwest ISD. ADDITIONS TRIGGERING NEED FOR REVISED SITE PLAN: NISD is proposing to add 7,374 sq. ft. to its existing Samuel Beck Elementary school. They are adding some sidewalks along the front and back of the site. Twelve trees (48 caliper inches) will be added to the site to comply with the Town’s landscape regulations. The site currently has 79,999 square feet of building area and is located on 8.64 acres of land. They are proposing to add a 7,374 square foot building to the site making the total square footage of buildings 87,373. • Consider and take appropriate action regarding a revised Final Plat of Neighborhood 7, Phase 3C, of The Highlands at Trophy Club, an approximate 31.487 acre tract of land, consisting of 107 residential lots and 4 open space lots. Applicant: Peloton Land Solutions on behalf of High Trophy Development, LLC Request that this item be placed on Consent Agenda. The Planning and Zoning Commission recommended approval of a Final Plat for Neighborhood 7, Phase 3C on October 17, 2013. The Council approved the final plat on November 4, 2013. A preconstruction meeting was held for this project on November 11, 2013 and the project was released for infrastructure construction to begin. As construction progressed, it was found that service from Oncor would be needed for future electric service to a large lot north of this neighborhood. Due to the distance from the road to the lot, Oncor is concerned that the electric infrastructure being installed within Phase 3C may not handle the load. Oncor requested Trophy Club provide an access from their overhead lines on Corp property, just east of Phase 3C, to provide future service to the large lot north of this neighborhood. The easement on Lot 63, Block L will allow access to Oncor’s overhead line. As the final plat has not yet been filed in Denton County, a revised final plat is brought back before the Planning and Zoning Commission and Town Council to ask for approval to allow an easement to be added to the plat. The addition of an easement on Lot 63, Block L is the only change for consideration on this plat and the addition of an easement does not affect the infrastructure construction documents reviewed and approved by the Town Engineer. Town Council - AMENDED Agenda Page 10 of 111 Meeting Date: Monday, February 3, 2014 • Consider and take appropriate action regarding revisions to Town Sign Ordinance relative to political signage. • Public Hearing regarding a request for approval of amendments to Planned Development No. 30. Applicant: JSB Properties, LP represented by Bill Dahlstrom, Jackson Walker L.L.P. • Discussion and recommendation regarding a request for approval of amendments to Planned Development No. 30. Applicant: JSB Properties, LP represented by Bill Dahlstrom, Jackson Walker L.L.P. Town Council - AMENDED Agenda Page 11 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-881-T Name: Status:Type:Agenda Item Workshop File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Discussion regarding Park expenditures and Software expenditures Attachments: Action ByDate Action ResultVer. Discussion regarding Park expenditures and Software expenditures Town Council - AMENDED Agenda Page 12 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-882-T Name: Status:Type:Agenda Item Consent Agenda File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding the Minutes dated January 20, 2014. Attachments:TC Minutes 1-20-2014.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the Minutes dated January 20, 2014. Town Council - AMENDED Agenda Page 13 of 111 Meeting Date: Monday, February 3, 2014 MINUTES FROM REGULAR SESSION TOWN COUNCIL MEETING FOR THE TOWN OF TROPHY CLUB LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS Monday, January 20, 2014 at 6:30 P.M. Svore Municipal Building Boardroom The Town Council of the Town of Trophy Club, Texas, met in a Regular Session on Monday, January 20, 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 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 Scott Kniffen Police Chief Steven Glickman Finance Director Carolyn Huggins Community Development Director Adam Adams Director of Parks and Recreation Mayor White announced the date of January 20, 2014, called the Town Council to order and announced a quorum at 6:32 p.m. WORKSHOP SESSION 1. Introduction of New employees: • John Zagurski, Budget Analyst • Robbie Killingsworth, Administrative Assistant, Community Development • Tonya Stafford, HR Generalist • Alora Wachholz, Economic Development & Marketing Coordinator • Cindy Kean, Executive Secretary • Craig Reach, Code Enforcement/Customer Service • Duane Boone, Firefighter/Paramedic 2. Discussion of agenda items posted for consideration on the Regular Session Council Agenda for January 20, 2014. Town Council - AMENDED Agenda Page 14 of 111 Meeting Date: Monday, February 3, 2014 3. Discussion of agenda items proposed for consideration on the Regular Session Council Agenda for February 3, 2014. CONVENE INTO REGULAR SESSION - START TIME – 6:48 P.M. The Invocation was offered by Director of Parks & Recreation, Adam Adams. The Pledges were led by Town Manager, Mike Slye. CITIZEN PRESENTATIONS This is an opportunity for citizens to address the Council on any matter whether or not it is posted on the agenda. The Council is not permitted to take action on or discuss any presentations made to the Council at this time concerning an item not listed on the agenda. The Council will hear presentations on specific agenda items prior to the Council addressing those items. You may speak up to three (3) minutes or the time limit determined by the Mayor or presiding officer. To speak during this item you must complete the Speaker's form that includes the topic(s) of your statement. Topics of presentation should be limited to matters over which the Council has authority. Larry Hoover, 1118 Berkshire, addressed the council regarding PD30. Thought the Planning & Zoning Commissioners who heard the PD-30 proposed amendments should have negotiated with the developer. 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. 4. Consider and take appropriate action regarding the Minutes dated December 16, 2013. 5. Consider and take appropriate action regarding Minutes dated October 23, 2013 Special called Town Council Meeting and Joint Meeting with Trophy Club MUD No. 1. 6. Consider and take appropriate action regarding Minutes dated December 30, 2013 Special called Town Council Meeting. 7. Consider and take appropriate action regarding a request for approval of a Developer’s Agreement for the Holiday Inn to be located at 725 Plaza Drive in Planned Development No. 25 (PD-25), Trophy Wood Business Center. Owner: Raj Patel Motion made by Council Member Rose, seconded by Council Member Mayer, to approve the Consent Agenda as corrected at the dais. Motion passed unanimously. REGULAR SESSION 8. Report from Jan Rugg with Atmos Energy regarding the January 6, 2014 low gas pressure occurrence and outlining necessary steps for a permanent resolution; discussion of same. Atmos Energy Representatives, Jan Rugg and Tommy Clark, provided an update and answered questions regarding the recent low gas pressure issues in Trophy Club. Atmos is currently working to develop a solution to the problem and will continue to have CNG trucks in Trophy Club during high-demand times. Technicians will monitor the pressure readings and stay on top of the issues as required. No action taken, update only. Town Council - AMENDED Agenda Page 15 of 111 Meeting Date: Monday, February 3, 2014 9. Consider and take appropriate action regarding the award of the bid for the Fresh Meadow/Timber Ridge Drainage Project and authorizing the Mayor or her designee to execute all necessary documents. Preliminary work on the drainage project began in 2008 with staff meeting residents in areas where drainage has been an issue. Over the years, staff has worked with residents and engineers to identify priority areas and establish a Trophy Club Storm Water Master Plan – Phase 1 to address five strategic drainage areas that required attention. Fresh Meadow and Timber Ridge will be the first project in Phase 1. Quality Excavation was the low bidder at $966,230.50 and the total includes a 10% contingency, putting the total estimated project cost at $1,062,853.55. Work will start on the golf course side then move to the residential/street side. Motion made by Council Member Rose, seconded by Council Member Lamont, to award the contract to Quality Excavation LLC in the amount of $966,230.50 for the Fresh Meadow/Timber Ridge Drainage Project and authorizing the Mayor or her designee to execute all necessary documents and to also place aside a 10% Contingency of $96,623.05 making the total estimated project cost to be $1,062,853.55. Motion passed unanimously. 10. Presentation from a member of the Blue Ribbon Panel regarding status of the Panel's review, the Panel's final report, and closure of the process; discussion of same. James Como, Chairman of the Blue Ribbon Panel, provided an update regarding the process and next steps in the Panel’s review of consolidating the Town and Trophy Club MUD No. 1 operations/management. The two subcommittees (Finance & Governance) are near completion of their work and the final report is in draft form within the subcommittees for further comment and refinement. Mr. Como anticipates and suggested presenting the final recommendations and findings in mid-late February in a joint presentation with the MUD Citizen Action Committee. No action taken, update only. 11. Consider and take appropriate action regarding the adoption of a new Town of Trophy Club Logo concept. Trophy Club PIO & Marketing Manager April Reiling provided a presentation regarding the logo project to date and subsequent logos for Council consideration. Ten logos were presented, which were narrowed down to three based on community feedback. Logo consideration included not only resident feedback, but also best practices and external appeal. Motion made by Council Member Mayer, seconded by Mayor Pro Tem Tiffany, to approve the TC monogram logo with the star. Motion failed 3-3-0 with Council Member Mayer, Mayor Pro Tem Tiffany and Mayor White voting for Council Member Shoffner, Council Member Rose and Council Member Lamont, voting against. Motion made by Council Member Rose, seconded by Council Member Mayer to reconsider and table the logo until later in the meeting when Council Member Schroeder arrives. Council Member Mayer withdrew his second stating we need to keep voting until we reach a decision. Council Member Lamont seconded Council Member Rose motion to table the logo until Council Member Schroeder arrives. Motion failed 2-4-0 with Council Member Rose and Mayor White voting for and Mayor Pro Tem Tiffany, Council Member Shoffner, Council Member Mayer and Council Member Lamont, voting against. Motion made by Council Member Mayer, seconded by Mayor Pro Tem Tiffany, to reconsider the defeated motion and approve the TC monogram logo with the star. Motion failed 3-3-0 with Council Member Mayer, Mayor Pro Tem Tiffany and Mayor White voting for Council Member Shoffner, Council Member Rose and Council Member Lamont, voting against. Town Council - AMENDED Agenda Page 16 of 111 Meeting Date: Monday, February 3, 2014 Motion made by Council Member Lamont, seconded by Council Member Rose, to approve the Clock Tower logo. Motion failed 3-3-0 with Council Member Shoffner, Council Member Rose and Council Member Lamont, voting for and Council Member Mayer, Mayor Pro Tem Tiffany and Mayor White voting against. Motion made by Council Member Rose, seconded by Council Member Mayer to table the logo discussion until Council Member Schroeder arrived. Motion passed unanimously. After Executive Session, motion made by Council Member Rose, seconded by Mayor Pro Tem Tiffany, to remove the logo from the table for discussion. Motion passed unanimously. Motion made by Council Member Rose, seconded by Mayor Pro Tem Tiffany to adopt the TC monogram logo with the star. Motion carried 4-2-0 with Council Member Rose, Council Member Mayer, Mayor Pro Tem Tiffany and Mayor White voting for and Council Member Shoffner and Council Member Lamont voting against. Motion passed unanimously. 12. Consider and take appropriate action regarding an amendment to the terms of the Non-Exclusive Facilities Use Agreement between the Town and Trophy Club Roanoke Youth Baseball Association to be effective for the remainder of the 2014 Spring season, authorizing notice of termination as required under the existing contract and renegotiation of a new contract for the 2014 Fall and 2015 Spring season. Trophy Club Parks & Recreation Director Adam Adams provided an update regarding the baseball agreement between the Town and TCRYBA. Park Board reviewed the contract and proposed the following contract amendments for Council consideration: 1. The contract amendment shall run from February 8th ending June 29th. 2. TCRYBA shall charge each participant through the close of spring registration a $10.00 fee that will then be paid to the town. 3. TCRYBA shall provide audited financials for review by the Town on an agreed upon date as requested by the Town. 4. TCRYBA shall provide a report that identifies all players general residency by Town/City by the third week of spring season play. 5. TCRYBA shall provide a list of all board members and their addresses to the Town by the third week of spring season. 6. TCRYBA shall require background checks on head coaches, assistant coaches, board members, and adult umpires. 7. No soft toss allowed against field fencing. 8. TCRYBA shall be allowed to hold two tournaments without fees. • Charles Boedeker, 2422 Lilyfield addressed the Council and requested that the Town initiate an independent audit to analyze the costs to taxpayers of hosting baseball tournaments versus benefits for the taxpayers of Trophy Club. • Mike Fitzgerald, 2421 Lilyfield addressed the Council and stated he is not against baseball, but does not want the extension of time for ball field lighting. • Jeanne Buck, 2401 Lilyfield addressed the Council and voiced concerns regarding noise, trash, light and balls coming over her fence from the ball fields. • Mike Buck, 2401 Lilyfield addressed the Council and stated that it is a violation for 501c3 to lobby a government entity. Town Council - AMENDED Agenda Page 17 of 111 Meeting Date: Monday, February 3, 2014 Motion made by Council Member Mayer, seconded by Council Member Rose, to approve the amendment to the terms of the Non-Exclusive Facilities Use Agreement between the Town and Trophy Club Roanoke Youth Baseball Association to be effective for the remainder of the 2014 Spring season, authorizing notice of termination as required under the existing contract and renegotiation of a new contract for the 2014 Fall and 2015 Spring season. Motion carried 5-1-0 with Council Member Shoffner, Council Member Rose, Council Member Mayer, Mayor Pro Tem Tiffany & Mayor White voting for and Council Member Lamont, voting against. Motion made by Council Member Shoffner, seconded by Council Member Mayer to move to amend provision item #5 of the contract where it states “TCRYBA shall provide a list of all board members and their addresses to the Town by the third week of spring season” also located in section 12.03 of the original contract to state “TCRYBA shall provide a list of all board members and the city/town they reside in to the Town by the third week of spring season.” Motion passed unanimously. Motion made by Council Member Lamont, seconded by Council Member Shoffner to amend the contract to state that TCRYBA shall pay fees for the facilities as follows 1. $2,500 for each season of use by TCRYBA 2. TCRYBA shall access a $10.00 registration fee to all non-Trophy Club players. Trophy Club players will not be required to pay a registration fee. Motion failed with Council Member Lamont and Council Member Shoffner voting for and Council Member Rose, Council Member Mayer, Mayor Pro Tem Tiffany & Mayor White voting against. 13. Consider and take appropriate action regarding the potential relocation of the Dino Toddler Park from the previously proposed location at Harmony Park to a location adjacent to Freedom Dog Park. Park Board discussed the location of the current Dino Playground and suggested staff look at relocating the Playground to Trophy Park Drive next to Freedom Dog Park. The proposed site provides for more visibility, easier access, an existing parking lot (shared with Freedom) and provides further exposure to Trophy Club Park. Mayor White read the following emails into record: Hayley Little “After weighing the different options, I would ask that council consider moving the Dino Park playground to the alternate (proposed) site near the Freedom Dog Park. This site has many positives in comparison to the current site at the end of Trophy Club Drive. These include visibility in the town, parking and road access are already available, and it will provide connectivity to Freedom Dog Park and TC Park which are already destinations for townspeople. I would love to see more people use Trophy Club Park and this will encourage more foot traffic to the area. Also, this location includes a nearby bathroom where the current TC Drive location had no restrooms. The Gas Well site has proven to be a difficult and more costly alternative. The parking there is limited, the parking and road will be unpaved, there are problems with Emergency Vehicle access, the playground will be hidden behind the gas well, there is limited trail connections, and more. The developer has agreed to continue their financial support of the new park with this move so I believe it is a win/win for everyone. At this time, I feel like the proposed Freedom Park location is the best option we have. Indy East would interfere with our only town event area and encroach on the ONLY location we would have available for a future town recreation center. Indy West already has a park. Harmony Park currently serves residents on the East side of Trophy Club, so we would like to keep the Dino Park on the West side of town. We spent many hours working on this park in our sub-committee in the summer of 2013. I would like to see us move quickly to get the park in a location that works best for our needs so our children can start enjoying it sooner rather than much later.” • David Abdulky, 16 Panorama Trail addressed the Council in support of moving the Dino Playground to proposed location. Town Council - AMENDED Agenda Page 18 of 111 Meeting Date: Monday, February 3, 2014 • Jeanne Buck, 24011 Lilyfield Drive addressed the Council asking a clarifying question regarding the location of bathrooms to the proposed site; feels a bathroom at a toddler playground is very important. Motion made by Council Member Mayer, seconded by Council Member Shoffner, to approve relocation of the Dino Toddler Park from the previously proposed location at Harmony Park to a location adjacent to Freedom Dog Park or any other park. Motion passed unanimously. 14. Consider and take appropriate action regarding a request from the Trophy Club Roanoke Youth Baseball Association and Triple Crown Baseball for a one -hour variance from the 11:00 pm tournament lighting restriction for four tournaments to be held on various dates. Mayor White read the following emails into record: • David Jeffries (D.J.), 301 McKenzie Drive, email stated: “I would like to vote NO on the Baseball Association wanting to extend the hours to midnight for upcoming tournaments. I believe that 11 o’clock is late enough for people to be on the fields because that means that there will be people still there until 12am mingling and shutting everything down. On top of that, you have some residents that have to work on Sundays and some that like to go to morning church services. If they shut down at 12 midnight, most residents around the fields wouldn't get to sleep until 1am.Considering they leave at 11 and go straight home, isn’t midnight late enough for a 12 yr old to be up anyway?” • Chenea Taylor, 4 Overhill Drive, email stated: “Dear Council Members, My name is Chenea Taylor, 4 Overhill Dr., Trophy Club. We moved to Trophy Club for the small community feel and family community. As a homeowner here it is important to us that we continue to hold those values that make Trophy Club special. I love that we have so many parks and places for our kids to be involved in sports! I also love that we are known in Trophy Club for having one of the best school districts in Dallas/Fort Worth. My kids and their education is very important to me. As a mother it is absolutely crazy to have our kids 12 and under out till midnight any night of the week!!! Never would I allow my children to be up on school nights after 10pm, so having park lights on till midnight seems absolutely ridiculous. With education being the most important thing our kids need a minimum of 8-10 (10 Hrs are doctor recommend for that age) hours of sleep there is no way they should even be out past 10pm much less midnight. Furthermore if I am a homeowner that backs up to a park then the lights would affect my family and children trying to sleep. If we want to protect the homeowners rights and property values of those who live around the parks, which should be important to all those who live in Trophy Club it is absolutely inconsiderate for us to infringe upon those rights by allowing park lights on past 10pm on school nights. Thank you.” • Randy Vegely, email stated: “I am 100% not in favor of leaving the baseball field lights on till midnight. I can't believe this is even being discussed. I might feel i little different if the fields where there before the homes that backup to the field where built. Or, if all the homeowners where told before buying their homes that fields will be built and they will be in use till midnight with very tall lights shining through their windows. Neither was the case. Please read this letter and include it in your minutes.” • Irma Seal, 149 Creek Courts Drive, email stated: “I note that this evening you will discuss and vote on an item on the agenda proposed by the TCRBA regarding extending a midnight-lights-out for tournaments this spring at Independence Park. I want you to know that I do not support this amendment. While I do not live anywhere near the ball park, I do realize that many of our town’s affected residents have tirelessly expressed their very valid concerns to you in person, on social media, and by email correspondence. This effort by the TCRBA reached a compromise with our town last year. What has changed that they feel they can continue to press forward annually? If a decision on this issue was reached last year then let that decision stand. Speaking as a responsible parent, I am a mother of now adult children that have always played in various sports/athletic programs in many parts of the country throughout the years and presently have a 12 year old Town Council - AMENDED Agenda Page 19 of 111 Meeting Date: Monday, February 3, 2014 son who is in various sports activities, as well. Not a single sports program has gone beyond 10:00pm during school nights. I would not permit my own (young) school children to participate in programs had it been presented by any sports association because it is simply not reasonable --ESPECIALLY on a school night. Speaking as a responsible Trophy Club resident, if 11:00pm was unreasonable last year, why in the world would midnight be requested if not to undermine the voice of our residents and the vote of council hoping to negotiate last year’s request??! Protections are necessary and just, and are good for Trophy Club as it’s known to be a “great place to call home” which includes those who happen to live near Indy Park? When such discrimination is sanctioned, the whole community suffers. I believe it is your responsibility to work for a just treatment for all of our citizens. Again, this is another opportunity to do that. I urge all of you to vote against this item on the agenda tonight.” • Kevin & Dina Kuhlman, 2423 Strathfield Lane email stated: I am sending this message to share my opinion - as a fellow resident that you represent - regarding agenda item for baseball fields at Independence Park. I am OPPOSED to expanding operating hours for this park for a few fundamental reasons: 1) Children, age 14 years and under, should not be out playing in an organized activity past 9 pm on a school night or 10 pm on Sat., Sunday or non-school night. My 3 children all play/participate in a variety of activities - cheer, theatre, band, volleyball and basketball - and they have never had activity that was scheduled to end beyond 9 pm on school night until junior year in high school (usually because away so travel time back home). Children need sleep to stay healthy; just ask any pediatrician or educator for their expertise on this topic. 2) As an elected council member you are called to represent the best interest of residents and the township. Last year concerned residents agreed to a comprise allowing the baseball fields to remain "open" until 8 pm on school nights/9:30 pm on non-school nights (Fri., Sat., summer). To go back and expand on this agreement would not reflect well on the integrity of you as council members. 3) Residents who live nearby these fields should not to have to suffer with the added noise, debris, traffic and lights caused by additional "open" hours. These extra environmental factors adversely affect THEIR personal well being. Why should they pay the emotional and physical price for what only benefits the pockets of baseball association? Thank you for listening to the views of me and your fellow residents AND for doing the right thing by denying the request for expanding operating hours at Independence Park and baseball fields.” • Tracey Hunter, 19 Monterey Drive addressed the Council requesting that the lights out issue be placed back on the agenda and that lights go out at 10:00 p.m. • Mike Fitzgerald, 2421 Lilyfield addressed the Council requesting the Town police children throwing things over the fence. • Jeanne Buck, 2401 Lilyfield addressed the Council requesting that staff be more proactive in policing issues; suggested a resident who lives on Lilyfield sit on one of the committees regarding ball fields. • Irfan Kawosa, 2425 Lilyfield addressed the Council voicing his concern with the message the Town is sending by allowing ball field lights on so late. • Julie Foley, 2407Lilyfield addressed the Council requesting the Council put the citizens needs first Discussion only due to Triple Crown withdrawing their request for a one - hour variance from the 11:00 pm tournament lighting restriction for four tournaments to be held on various dates. 15. Town Council Liaison Updates; discussion of same: * EDC - January 13th * Park Board - January 14th * Planning & Zoning - January 16th Town Council - AMENDED Agenda Page 20 of 111 Meeting Date: Monday, February 3, 2014 Town Council Liaisons provided an update addressed questions; no action taken, update only. 16. Town Manager Slye's update regarding the following; discussion of same. * Congratulations to Mayor White for receiving Certification of Achievement for participating in the Texas Municipal League Institute (TMLI) program * May 2014 Election * 114/170 Transportation project update * Sign Ordinance Update * Auditors starting January 20, 2014 * Hazardous Mitigation Action Plan (HMAP) Update * Byron Nelson Pedestrian Bridge * Mutts & Mochas February 1st, March 1st & April 1st from 9:00 am to 12:00 pm Town Manager Slye updated the Council and addressed questions; no action taken, update only. 17. Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. * Denton County Weather Response Coordination Meeting - January 3rd * NWISD Strategic Summit - January 10th * Chamber Mayor’s Roundtable - January 10th * Metroport Cities Partnership - January 16th * I-35W Coalition Meeting - January 15th * Denton County Mayor’s Roundtable - January 15th * Westlake Comprehensive Plan Overview Meeting - January 15th Mayor White and Council Members updated the Council and addressed questions regarding meetings attended; no action taken, update only. 18. 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. Remove Item #9 - Discussion and action for a new Town Logo (Tiffany 7/15) EXECUTIVE SESSION 19. 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: Water and wastewater services for PID; CCN; alternative services for the PID; legislative processes and actions; terms of representation; terms of interlocal agreement for provision of water and wastewater services; Town assets and related matters. Town Council - AMENDED Agenda Page 21 of 111 Meeting Date: Monday, February 3, 2014 (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) Sites for the location of the new Police Facility and related negotiations. CONVENE INTO EXECUTIVE SESSION - START TIME – 10:30 P.M. RECONVENE INTO REGULAR SESSION - START TIME – 12:15 A.M. RECONVENE INTO REGULAR SESSION 20. Consider and take appropriate action regarding the Executive Session. Motion made by Council Member Rose, seconded by Council Member Mayer, to proceed with the negotiation of a wholesale water supply and wastewater treatment services contract with MUD No. 1 where the Town pays its fair share of the cost of the current wastewater treatment plant upgrade based upon capacity used by PID customers and not on appraised values, that the contract cover the contemplated improvements to the wastewater treatment plant only and that future upgrades to any part of the water or wastewater system will be negotiated on a case by case basis. Motion passed unanimously. ADJOURN Motion made by Council Member Mayer, seconded by Council Member Rose, to adjourn. Motion carried unanimously. Meeting adjourned at 12:18 a.m. ___________________________________ ___________________________________ Tammy Ard, Town Secretary Connie White, Mayor Town of Trophy Club, Texas Town of Trophy Club, Texas Town Council - AMENDED Agenda Page 22 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-884-T Name: Status:Type:Agenda Item Consent Agenda File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding a Resolution approving the submission of a grant application for the Drug Interdiction and Juvenile Resource Program Grant for the 2014-2015 fiscal year; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Attachments:Staff Report - Drug Interdiction and Juvenile Resource Program Grant.pdf RES 2014-01 Drug Interdiction and Juvenile Resource Program.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Resolution approving the submission of a grant application for the Drug Interdiction and Juvenile Resource Program Grant for the 2014-2015fiscal year; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Town Council - AMENDED Agenda Page 23 of 111 Meeting Date: Monday, February 3, 2014 Town of Trophy Club To: Mayor and Town Council From: Chief Kniffen CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Town Council Meeting February 3, 2014 ______________________________________________________________________________ Agenda Item: Consider and take appropriate action approving a resolution to extend the Drug Interdiction and Juvenile Resource Program Grant. Explanation: This resolution relates to the third and final year of funding for the Drug Interdiction and Juvenile Resource Program grant which currently funds the Juvenile Investigator at full salary. The amount requested is $77,018.78. Attachments: Resolution to extend the Drug Interdiction and Juvenile Resource Program Grant 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 - AMENDED Agenda Page 24 of 111 Meeting Date: Monday, February 3, 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: Recommend approval of the resolution to extend the Drug Interdiction and Juvenile Resource Program Grant Town Council - AMENDED Agenda Page 25 of 111 Meeting Date: Monday, February 3, 2014 TOWN OF TROPHY CLUB RESOLUTION NO. 2014-01 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, APPROVING THE SUBMISSION TO THE OFFICE OF THE GOVERNOR OF A GRANT APPLICATION FOR THE DRUG INTERDICTION AND JUVENILE RESOURCE PROGRAM FOR THE 2014-2015 FISCAL YEAR; DESIGNING THE TOWN MANAGER AS THE TOWN’S AUTHORIZED OFFICIAL AND AUTHORIZING THE TOWN MANAGER OR HIS DESIGNEE TO EXECUTE ALL NECESSARY DOCUMENTS; AND PROVIDING AN EFFECTIVE DATE WHEREAS, the Town of Trophy Club finds it in the best interest of the citizens of the Town of Trophy Club that the Drug Interdiction and Juvenile Resource Program to be operated in the 2014-2015 fiscal year; and WHEREAS , the Town of Trophy Club agrees that in the event of loss or misuse of the Criminal Justice Division funds, the Town of Trophy Club assures that the funds will be returned to the Criminal Justice Division in full; and WHEREAS, the Town of Trophy Club designates Mike Slye, Town Manager as the grantee’s authorized official, the authorized official is given the power to apply for, accept, reject, alter or terminate the grant on behalf of the applicant agency and to execute or name a designee to execute all necessary documents. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS; Section 1. The Town of Trophy Club approves the submission if the grant application for the Drug Interdiction and Juvenile Resource Program to the Office of the Governor, Criminal Justice Division and authorizes the Town Manager or his designee to execute all necessary documents. Section 2. This Resolution shall become effective 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 3rd day of February, 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 - AMENDED Agenda Page 26 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-887-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Receive Racial Profiling Report; discussion of same. Attachments:Staff Report - Racial Profiling Report.pdf 2013 Trophy Club Police Department Citizen Contact Report.pdf Action ByDate Action ResultVer. Receive Racial Profiling Report; discussion of same. Town Council - AMENDED Agenda Page 27 of 111 Meeting Date: Monday, February 3, 2014 Town of Trophy Club To: Mayor and Town Council From: Chief Kniffen CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Town Council Meeting, February 3, 2014 ______________________________________________________________________________ Agenda Item: Receive Racial Profiling Report; discussion of same. Explanation: This report, sometimes referred to as the Racial Profiling Report, is required by state law to be submitted to the governing body of the Town by March 1st of each year. Attachments: 2013 Trophy Club Police Department Citizen Contact Report 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 - AMENDED Agenda Page 28 of 111 Meeting Date: Monday, February 3, 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 necessary. Town Council - AMENDED Agenda Page 29 of 111 Meeting Date: Monday, February 3, 2014 Trophy Club Police Department Citizen Contact Report 2013 Town Council - AMENDED Agenda Page 30 of 111 Meeting Date: Monday, February 3, 2014 To: Mayor, Council, and Town Manager Date: January 29, 2014 From: Chief Kniffen Re: Citizen Contact Report The Texas Legislature has directed Chiefs of Police and Sheriffs in Texas to collect statistics on citizen contacts and report the demographics of those statistics to their local governments and to the Texas Commission on Law Enforcement (TCOLE) by March 1st of each year. Neither the statutes nor TCOLE rules provide guidance as to what data set or benchmark the “racial profiling” statistics should be compared in order to accurately estimate “the prevalence of racial profiling” as required in the law. It should be noted that the statutes require two “tiers” of reporting. Tier One consists of traffic contacts only. In presenting an appraisal of our collected Tier One statistics we have prepared an analysis on traffic contacts using the data sets from Tarrant and Denton Counties (based on the 2012 census estimate). Tier Two consists of non-traffic contacts. If an agency obtained a state grant for and/or uses video cameras in their cars, they have the option of presenting a written analysis of Tier Two data or keeping the videos for 90 days, in case there is a complaint arising from a contact. If an agency does not apply for the video camera grant (which has not been available for several years) they are required to do the same. If an agency applies for the grant and is denied, they do not have to video or report the analysis of these stops. We video all of our stops and retain the videos for a minimum of 90 days. Thus, we are reporting Tier One data only. It should be noted that the number of citations provided here is based on the number of individuals stopped for a violation, not the total number of charges brought. Town Council - AMENDED Agenda Page 31 of 111 Meeting Date: Monday, February 3, 2014 Graph A depicts the demographics of Tarrant County and Denton County as found in the estimated 2012 demographics for Tarrant and Denton Counties found on the U.S. Census web site. The source of these data is found at the web site provided below. Demographics – Tarrant County * Population 1,880,153 White (a) 76.20% Black (a) 15.60% Hispanic (b) 27.40% Asian (a) 5.00% Other (a) 3.30% Male 49.91% Female 50.09% Demographics – Denton County * Population 707,304 White (a) 80.40% Black (a) 9.20% Hispanic (b) 18.70% Asian (a) 7.10% Other (a) 3.30% Male 49.93% Female 50.07% (a) Includes persons reporting only one race. (b) Hispanics may be of any race, so also are included in applicable race categories. * http://quickfacts.census.gov/qfd/states/48/48121.html Town Council - AMENDED Agenda Page 32 of 111 Meeting Date: Monday, February 3, 2014 GRAPH A DEMOGRAPHIC COMPARISON BETWEEN TARRANT AND DENTON COUNTIES 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% White Black Hispanic Asian Other Tarrant Co. %age Denton Co. %age Town Council - AMENDED Agenda Page 33 of 111 Meeting Date: Monday, February 3, 2014 2013 Traffic Stops by Race or Ethnicity The table below shows the breakdown – by race or ethnicity – of the traffic contacts (resulting in arrests, citations, or warnings) made in 2013 by the Trophy Club Police Department. It is compared to the demographic benchmarks in Graph A. These percentages are displayed in Graph B. Traffic Contacts Race Number Race Percentage Tarrant Co. %age Denton Co. %age White 1888 White 82.12% 76.20% 80.40% Black 118 Black 5.13% 15.60% 9.20% Hispanic 218 Hispanic 9.48% 27.40% 18.70% Asian 64 Asian 2.78% 5.00% 7.10% Other 11 Other 0.48% 3.30% 3.30% 2299 2013 Traffic Stops GRAPH B – OVERALL TRAFFIC CONTACTS COMPARED TO COUNTY DEMOGRAPHICS 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% White Black Hispanic Asian Other Contact %age Tarrant Co. %age Denton Co. %age Town Council - AMENDED Agenda Page 34 of 111 Meeting Date: Monday, February 3, 2014 Traffic Contact Percentage by Gender The table below shows the breakdown – by gender – of the traffic contacts (resulting in arrests, citations, and warnings) made in 2013 by the Trophy Club Police Department. It is compared to the demographic benchmarks in Graph A. These percentages are displayed in Graph C. Traffic Contact Percentages by Gender Stops Stop %age Tarrant Co. %age Denton Co. %age Male 1363 59.29% 49.91 49.93 Female 936 40.71% 50.09 50.07 2299 2013 Traffic Stops GRAPH C – TRAFFIC CONTACTS BY GENDER COMPARED TO COUNTY DEMOGRAPHICS 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% Stop %age Tarrant Co. %age Denton Co. %age Male Female Town Council - AMENDED Agenda Page 35 of 111 Meeting Date: Monday, February 3, 2014 Action Taken This section discloses the action taken by officers after the contact was initiated. Officers have the discretion to arrest, issue a citation, a written warning, a verbal warning, or take no enforcement action as a result of the contact. The tables and charts on the next page reflect action taken on the 2299 citizen contacts in 2013. Each is compared to the demographic benchmarks in Graph A. Traffic Stops Resulting in Arrest Only Race Arrests Arrest %age Tarrant Co. %age Denton Co. %age White 24 White 82.76% 76.20% 80.40% Black 0 Black 0.00% 15.60% 9.20% Hispanic 5 Hispanic 17.24% 27.40% 18.70% Asian 0 Asian 0.00% 5.00% 7.10% Other 0 Other 0.00% 3.30% 3.30% 29 2013Total arrests from traffic stops GRAPH D - TRAFFIC STOPS RESULTING IN ARRESTS COMPARED TO COUNTY DEMOGRAPHICS 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% White Black Hispanic Asian Other Arrest %age Tarrant Co. %age Denton Co. %age Town Council - AMENDED Agenda Page 36 of 111 Meeting Date: Monday, February 3, 2014 Traffic Stops Resulting in Arrest and Citation Race Arrest and Citation %age Tarrant Co. %age Denton Co. %age White 5 White 55.56% 76.20% 80.40% Black 1 Black 11.11% 15.60% 9.20% Hispanic 3 Hispanic 33.33% 27.40% 18.70% Asian 0 Asian 0.00% 5.00% 7.10% Other 0 Other 0.00% 3.30% 3.30% 9 2013 Total arrest and citation from traffic stop GRAPH E – TRAFFIC STOPS RESULTING IN ARREST AND CITATION COMPARED TO COUNTY DEMOGRAPHICS 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% White Black Hispanic Asian Other %age Tarrant Co. %age Denton Co. %age Town Council - AMENDED Agenda Page 37 of 111 Meeting Date: Monday, February 3, 2014 Traffic Stops Resulting in Citation Only Race Citation only Citation %age Tarrant Co. %age Denton Co. %age White 805 White 73.99% 76.20% 80.40% Black 48 Black 4.41% 15.60% 9.20% Hispanic 189 Hispanic 17.37% 27.40% 18.70% Asian 38 Asian 3.49% 5.00% 7.10% Other 8 Other 0.74% 3.30% 3.30% 1088 2013 Total citations from traffic stops GRAPH F – TRAFFIC STOPS RESULTING IN CITATION ONLY COMPARED TO COUNTY DEMOGRAPHICS 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% White Black Hispanic Asian Other Citation %age Tarrant Co. %age Denton Co. %age Town Council - AMENDED Agenda Page 38 of 111 Meeting Date: Monday, February 3, 2014 Traffic Stops Resulting in Warning Only Race Warning only Warning %age Tarrant Co. %age Denton Co. %age White 1054 White 89.86% 76.20% 80.40% Black 69 Black 5.88% 15.60% 9.20% Hispanic 21 Hispanic 1.79% 27.40% 18.70% Asian 26 Asian 2.22% 5.00% 7.10% Other 3 Other 0.26% 3.30% 3.30% 1173 2013 Total warnings from traffic stops GRAPH G – TRAFFIC STOPS RESULTING IN WARNING ONLY COMPARED TO COUNTY DEMOGRAPHICS 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% White Black Hispanic Asian Other Warning %age Tarrant Co. %age Denton Co. %age Town Council - AMENDED Agenda Page 39 of 111 Meeting Date: Monday, February 3, 2014 Searches Another area that requires analysis is the number of searches performed, the reason for the search, and whether or not contraband was found in the search. A search can be performed for a number of reasons. In most cases, searches are performed incidental to an arrest. By statute and policy, to be reported and analyzed, the contact has to be initiated by the officer. When an officer is dispatched to an incident in which someone is already being detained (by a loss prevention officer, for example) a citizen contact report is not required. Only searches that are performed by officers initiating contact with citizens are required to be reported. Reported searches are either probable cause or consent searches. A probable cause search is performed when an officer has sufficient evidence (the odor of marijuana, for example) to justify a legal search. A consent search may be conducted, with the consent of the person contacted or when the officer has a suspicion that some contraband might be found but does not have probable cause. Either is a legal search. In 2013, the Trophy Club Police Department conducted 46 probable cause or consent searches out of 2299 citizen contacts. This means that in only 2.00 % of the contacts was a search initiated by the officer. Of the searches, 23 were consent searches and 23 were probable cause searches. Contraband was found in 15 (32.6%) of the searches. Of the searches performed 35 were white males (76.1% of searches) and contraband was found in fourteen (14) instances (40%). Seven (7) were white females (15.2% of searches) and contraband was found in one (1) instance (14.3%). Two (2) were African American males (4.34% of searches) and no contraband was found. Two (2) were a Hispanic males (4.34% of searches) and no contraband was found. Other Data Tracked We are also required to track whether or not an officer had prior knowledge of the race or ethnicity of the individual who was stopped. Of the 2299 stops, officers noted prior knowledge of the race of ethnicity of the driver 52 times or 2.26% of the stops. We are also required to track individuals of Middle Eastern descent. Of the 2299 stops, eleven (11) were of Middle Eastern descent (0.48% of stops). For the purposes of the charts and graphs in this report, persons of Middle Eastern descent were included in the “Other” category. They will be reported on the TCOLE format as required. During 2013, there were no complaints alleging profiling by any member of the Department. Town Council - AMENDED Agenda Page 40 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-903-T Name: Status:Type:Agenda Item Public Hearing File created:In control:1/27/2014 Town Council On agenda:Final action:2/3/2014 Title:Public Hearing regarding a request for approval of amendments to Planned Development No. 30. Applicant: JSB Properties, LP represented by Bill Dahlstrom, Jackson Walker L.L.P. (THIS APPLICATION WAS WITHDRAWN FROM CONSIDERATION BY THE APPLICANT ON JANUARY 23, 2014.) Attachments: Action ByDate Action ResultVer. Public Hearing regarding a request for approval of amendments to Planned Development No. 30. Applicant: JSB Properties, LP represented by Bill Dahlstrom, Jackson Walker L.L.P .( THIS APPLICATION WAS WITHDRAWN FROM CONSIDERATION BY THE APPLICANT ON JANUARY 23, 2014.) Town Council - AMENDED Agenda Page 41 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-904-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/27/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding the adoption of Council Goals and Objectives in accordance with the Town Charter. Attachments:Strategy Map.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the adoption of Council Goals and Objectives in accordance with the Town Charter. Town Council - AMENDED Agenda Page 42 of 111 Meeting Date: Monday, February 3, 2014 Fulfill Our Mission Be a great place to call home through dedicated innovative leadership, while providing superior municipal services and facilities in a highly effective, efficient manner. Safe and Secure Business-Friendly Economic Development Create effective working relationships with businesses and developers Promote new commercial opportunities Retain/develop existing businesses Increase citizen awareness and involvement in crime prevention Healthy, Picturesque and Environmentally Sound Strong Partnerships and Community Involvement Develop / enhance environmental and sustainability standards and programs Improve property maintenance standards and code enforcement Maintain neat and tidy appearance Forge collaborative relationships with other government and pubic entities Create a positive regional identity Financial and Operational Stewardship Maintain / improve infrastructure and assets Develop, recognize and retain quality staff Provide cost-effective services Improve effectiveness and efficiency of operational processes Implement strong financial management standards Promote recreational / active lifestyle opportunities for all ages Provide superior emergency services Support citizen volunteer opportunities Improve data security Maintain low crime rate Live Our Core Values Integrity and Trust ●Accountability ●Teamwork ●Innovation ●Pride and Service Commitment De l i v e r o n O u r S t r a t e g y Town of Trophy Club –Strategy Map Deliver responsive customer service Foster a well informed community 7 Town Council - AMENDED Agenda Page 43 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-885-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding a Resolution amending Resolution Nos. 2013-22, No. 2013-30, and No. 2013-34, appointing citizens to serve on boards, commissions, and corporations, in order to appoint a member of Reinvestment Zone Number One, Town of Trophy Club, Texas to serve as the Chair of the Board of Directors; designating a term of service; and providing an effective date. Attachments:Staff Report - TIRZ #1 Board Chair Recommendation.pdf RES 2014-04 Appointing Citizens to the TIF Board.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding a Resolution amending Resolution Nos. 2013-22, No. 2013-30, and No. 2013-34, appointing citizens to serve on boards, commissions, and corporations, in order to appoint a member of Reinvestment Zone Number One, Town of Trophy Club, Texas to serve as the Chair of the Board of Directors; designating a term of service; and providing an effective date. Town Council - AMENDED Agenda Page 44 of 111 Meeting Date: Monday, February 3, 2014 Town of Trophy Club To: Mayor and Town Council From: Stephen Seidel, Assistant Town Manager CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Reinvestment Zone No. 1 Chair Appointments ______________________________________________________________________________ Agenda Item: Consider and take appropriate action regarding a Resolution amending Resolution Nos. 2013- 22, No. 2013-30, and No. 2013-34, appointing citizens to serve on boards, commissions, and corporations, in order to appoint a member of Reinvestment Zone Number One, Town of Trophy Club, Texas to serve as the Chair of the Board of Directors; designating a term of service; and providing an effective date. Explanation: The Council approved Ordinance No. 2013-23 creating Reinvestment Zone No. 1 on August 19, 2013, and subsequently appointed a five member Board on September 23. 2013. Ordinance 2013-23 states the Council will appoint the Board’s Chair, and the Council did not identify a Board Chair during the appointment process. Reinvestment Zone #1 Board met for the first time on January 27, 2014, and unanimously appointed Dave Brod as the Temporary Chair to run the meeting. Thereafter, the Board took action to recommend that the Town Council appoint Dave Brod as the Board Chair. His recommendation was approved unanimously. Additionally, the Council needs to designate staggered terms for the Board members. 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 Town Council - AMENDED Agenda Page 45 of 111 Meeting Date: Monday, February 3, 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 appoint the TIRZ #1 Board’s recommendation Town Council - AMENDED Agenda Page 46 of 111 Meeting Date: Monday, February 3, 2014 TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2014-04 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, AMENDING RESOLUTION NO. 2013-22, RESOLUTION NO. 2013-30, AND RESOLUTION NO. 2013-34 APPOINTING CITIZENS TO BOARDS, COMMISSIONS AND CORPORATIONS IN ORDER TO FILL VACANCIES AND TO REAFFIRM EXISTING APPOINTMENTS; APPOINTING A MEMBER OF THE BOARD OF DIRECTORS OF REINVESTMENT ZONE NO. ONE, 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, on September 23, 2013, the Town Council adopted Resolution No. 2013-22 appointing residents to serve on various Town Board, Commissions and Corporations for the 2013-2014 fiscal year and reaffirming the appointments of other previously appointed residents, but some vacancies remained; and WHEREAS, on October 21, 2013, the Town Council adopted Resolution No. 2013-30 amending Resolution No. 2013-22 to appoint residents to serve on various Town Board, Commission and Corporations and reaffirming the appointments of other previously appointed residents, but some board seats remained vacant; and WHEREAS, on December 16, 2013, the Town Council adopted Resolution No. 2013-34 amending Resolution No. 2013-30 and Resolution No. 2013-22 to appoint residents to serve on various Town Board, Commission and Corporations and reaffirming the appointments of other previously appointed residents, but some board seats remained vacant; and WHEREAS, since the adoption of Resolution No. 2013-22, Resolution No. 2013- 30 and Resolution 2013-34, the Town has determined the need to appoint a person serving on the Board of Directors of Reinvestment Zone No. 1, Trophy Club, Texas as Chairperson and desires to make such appointment as set forth herein; and WHEREAS, state law provides that each year, the Town Council is required to appoint a member of the Board to serve as Chairman for a term of one (1) year that begins 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 Town Council - AMENDED Agenda Page 47 of 111 Meeting Date: Monday, February 3, 2014 WHEREAS, by passage of this Resolution, the Town Council hereby amends Resolution No. 2013-22, Resolution No. 2013-30 and Resolution 2013-34 as set forth herein and reaffirms current appointments as specifically provided below: 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. Section 2. That the Town Council hereby amends Resolution No. 2013-22, Resolution No. 2013-30 and Resolution 2013-34 to appoint and reaffirm 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 and to designate the individual identified below to serve as Chairperson for the Board of Directors with that term of service commencing and expiring as specified below: Reinvestment Zone No. 1, Town of Trophy Club, Texas 1. Carolyn Simms (2015) (Tarrant County) 4. Jared King (____) 2. *David Brod (2016) (EDC-4B) 5. Adam Broyles (____) 3. Daryll Howard (____) *Board Chair - appointment expires December 31, 2014 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 3rd day of February, 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 - AMENDED Agenda Page 48 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-886-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding an Ordinance of the Town Council of the Town of Trophy Club approving a Project and Financing Plan for Reinvestment Zone No. One, Town of Trophy Club; making various findings related to such Plan; providing for severability; and providing an effective date. Attachments:Staff Report - TIRZ #1 Project and Financing Plan.pdf ResolutionNoRZ1-2014-01Signed.pdf Trophy Wood_TIF#1_PPFP - Updated.pdf ORD 2014-01 TIRZ#1 FINAL Approving Project and Financing Plan.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding an Ordinance of the Town Council of the Town of Trophy Club approving a Project and Financing Plan for Reinvestment Zone No. One, Town of Trophy Club; making various findings related to such Plan; providing for severability; and providing an effective date. Town Council - AMENDED Agenda Page 49 of 111 Meeting Date: Monday, February 3, 2014 Town of Trophy Club To: Mayor and Town Council From: Stephen Seidel, Assistant Town Manager CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Tax Increment Reinvestment Zone No.1 Project & Financing Plan Ordinance ______________________________________________________________________________ Agenda Item: Consider and take appropriate action regarding an Ordinance of the Town Council of the Town of Trophy Club approving a Project and Financing Plan for Tax Increment Reinvestment Zone Number One; Making various findings related as such Plan; providing for severability; and providing an effective date. Explanation: The Town Council approved Ordinance No. 2013-23 designating a certain geographic area in the Town known as Tax Increment Reinvestment Zone No. 1 (TIRZ #1). TIRZ #1 is primarily located at Trophy Wood Drive and Highway 114 (map attached). The TIRZ is approximately 30.5 acres and the majority of the property is vacant, except for the Hampton Inn. Since August 2013, staff has worked with David Pettit to create a Project and Financing Plan for TIRZ #1. On January 27, 2014, the Town TIRZ Board unanimously approved Resolution RZ1- 2014-01 which adopts the Preliminary Project and Financing Plan. Per Ordinance 2013-23, the Town Council must approve an ordinance formally adopting a Project and Financing Plan. The Plan outlines identified projects, estimated project costs, financial feasibility analysis, etc. Once the Town Council has approved the Plan, staff will formally request the Tarrant County Commissioner’s Court for a Participation Agreement. A County Participation Agreement will allow Tarrant County to participate and contribute a portion of the incremental ad valorem tax increase to the TIRZ. Attachments: Project and Financing Plan RZ1-2014-01 Ordinance Town Council - AMENDED Agenda Page 50 of 111 Meeting Date: Monday, February 3, 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 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 Town Council - AMENDED Agenda Page 51 of 111 Meeting Date: Monday, February 3, 2014 T o w n C o u n c i l - A M E N D E D A g e n d a P a g e 5 2 o f 1 1 1 M e e t i n g D a t e : M o n d a y , F e b r u a r y 3 , 2 0 1 4 T o w n C o u n c i l - A M E N D E D A g e n d a P a g e 5 3 o f 1 1 1 M e e t i n g D a t e : M o n d a y , F e b r u a r y 3 , 2 0 1 4 Tax Increment Reinvestment Zone #1 Town of Trophy Club, Texas Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 54 of 111 Meeting Date: Monday, February 3, 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 Project and Financing Plan, TIRZ #1Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 55 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 1 Introduction Tax Increment Reinvestment Zone #1, Town of Trophy Club The Town of Trophy Club Tax Increment Reinvestment Zone (TIRZ) #1 is approximately 30.5 acres and is located in the southern portion of the Town of Trophy Club near the intersection of State Highway 114 and Trophy Wood Drive. The majority of the property is currently vacant and located between Baylor Medical Center at Trophy Club and Value Place Hotel. The only property that is currently developed is the Hampton Inn and Suites at the corner of Trophy Wood Drive and Plaza Drive. The goal of the TIRZ is to facilitate the development of the currently vacant land with retail, office, residential 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. 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 1 114 TW K I N G INVERNESS INDIAN C R E E K COYOTE T W K I N G TR O P H Y W O O D HIL L H I L L C R E S T JAMIE PEBBLE BEACH H E R I T A G E RANCHO LAREDO HAN N A H W Y 1 1 4 CR I C K E T T PLANTATION OAKS V A L L E Y W O O D MA T A D O R R A N C H IR O N M O U N T A I N R A N C H CL A R I D E N R A N C H 114 114 INDIAN C R E E K INVERNESS D R PIN OAK CTINDIAN C R E E K D R T W K I N G R D C L A R I D E N R A N C H R D P E B B L E B E A C H D R HILLC R E S T C T Hampton Inn & Suites Baylor Medical Center at Trophy Club Value Place Hotel Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 56 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 2 TIRZ Boundary 114 TW K I N G INVERNESS INDIAN C R E E K COYOTE T W K I N G TR O P H Y W O O D HIL L H I L L C R E S T JAMIE PEBBLE BEACH H E R I T A G E RANCHO LAREDO HAN N A H W Y 1 1 4 CR I C K E T T PLANTATION OAKS V A L L E Y W O O D MA T A D O R R A N C H IR O N M O U N T A I N R A N C H CL A R I D E N R A N C H 114 114 INDIAN C R E E K INVERNESS DR PIN OAK CTINDIAN C R E E K D R T W K I N G R D C L A R I D E N R A N C H R D P E B B L E B E A C H D R HILLC R E S T C T Point of Begining: Intersection of the northern ROW line of State Highway 114 and the western property line of J Henry Survey A-742, Tract 1E Western property line of J Henry Survey A-742, Tract 3R2 Northern property line of J Henry Survey A-742, Tract 1E Western ROW line of Trophy Wood Drive Northern ROW line of Indian Creek Drive Eastern ROW line of Trophy Wood Drive Northern property line of J Henry Survey A-742, Trophy Wood Business Center, Block B lot 4 Western ROW line of TW King Road Western property line of J Henry Survey A-742, Trophy Wood Business Center, Block B lot 1R Southern ROW line of Plaza Drive Northern ROW Line of State Highway 114 TIRZ Boundary Description Beginning at the intersection of the Northern Right-of-Way (ROW) line of State Highway 114 and the western property line of J Henry Survey A-742, Tract 1E, thence North along the western property line of J Henry Survey A-742, Tract 1E to a point where said line intersects with the northern property line of J Henry Survey A-742, Tract 1E, thence East along the northern property line of J Henry Survey A-742, Tract 1E to a point where said line intersects with the western property line of J Henry Survey A-742, Tract 3R2, thence Northwestward along the property line of J Henry Survey A-742, Tract 3R2 to a point where said line intersects with the western ROW line of Trophy Wood Drive, thence Northward along the western ROW line of Trophy Wood Drive to a point where the projection of said line intersects with the northern ROW line of Indian Creek Drive, thence East along the northern ROW line of Indian Creek Drive to a point where said line intersects with the projection of the eastern ROW line of Trophy Wood Drive, thence South along the eastern ROW line of Trophy Wood Drive to a point where said line intersects with the northern property line of J Henry Survey A-742, Trophy Wood Business Center, Block B lot 4, thence East along the northern property line of J Henry Survey A-742, Trophy Wood Business Center, Block B lot 4 to a point where said line intersects with the western ROW line of TW King Road, thence South along the western ROW line of TW King Road to a point where said line intersects with the southern ROW line of Plaza Drive, thence West along the southern ROW line of Plaza Drive to a point where said line intersects with the western property line of J Henry Survey A-742, Trophy Wood Business Center, Block B lot 1R, thence Southward along the western property line of J Henry Survey A-742, Trophy Wood Business Center, Block B lot 1R to a point where said line intersects with the Northern ROW line of State Highway 114, thence Westward along the Northern ROW line of State Highway 114 to a point where said line intersects with the western property line of J Henry Survey A-742, Tract 1E, which is the point of beginning. Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 57 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 3 Current Conditions Land Use The majority of the land within the TIRZ is currently vacant. The one exception is the Hampton Inn and Suites at the corner of Trophy Wood Drive and Plaza 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 east with SH-114 on the right Looking north with SH-114 in the foreground Looking southwest with SH-114 on the far side of the image Looking west with SH-114 on the left - Approximate location of TIRZ # 1 boundary Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 58 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 4 Current Conditions Zoning The TIRZ property currently has two Planed Developments (PD) in place along with a portion zoned Commercial General (CG). Changes to Zoning Ordinance 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. Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 59 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 5 Current Conditions Current Ownership Information There are a number of different property owners throughout the TIRZ, but the majority of land is owned by Highway 114 Prospects LP and Trophy Lodging LLP. The TIRZ has a current real property base value of $8,872,521 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 114 TW K I N G INVERNESS INDIAN C R E E K COYOTE T W K I N G TR O P H Y W O O D HIL L H I L L C R E S T JAMIE PEBBLE BEACH H E R I T A G E RANCHO LAREDO HANN A H W Y 1 1 4 CR I C K E T T PLANTATION OAKS V A L L E Y W O O D MA T A D O R R A N C H IR O N M O U N T A I N R A N C H CL A R I D E N R A N C H 114 114 INDIAN C R E E K INVERNESS D R PIN OAK CTINDIAN C R E E K D R T W K I N G R D C L A R I D E N R A N C H R D P E B B L E B E A C H D R HILLC R E S T C T Tc Hospital Lp Trophy Lodging LLP Hydra Hotels Llc Highway 114 Prospect Ltd Shri Siddhi Vinayak Llc Highway 114 Prospect Ltd Highway 114 Prospect Ltd Highway 114 Prospect Ltd Highway 114 Prospect Ltd Trophy Club Mun Util Dist #1 Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 60 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 6 Project Plan 114 TW K I N G INVERNESS INDIAN C R E E K COYOTE T W K I N G TR O P H Y W O O D HIL L H I L L C R E S T JAMIE PEBBLE BEACH H E R I T A G E RANCHO LAREDO HAN N A H W Y 1 1 4 CR I C K E T T PLANTATION O A K S V A L L E Y W O O D MA T A D O R R A N C H IR O N M O U N T A I N R A N C H CL A R I D E N R A N C H 114 114 INDIAN C R E E K INVERNESS D R PIN OAK CTINDIAN C R E E K D R T W K I N G R D C L A R I D E N R A N C H R D P E B B L E B E A C H D R HILLC R E S T C T Legend - Retail Site Improvements - Roadway Improvements - Intersection Improvements Project Costs of the Zone There are a number of improvements within Tax Increment Reinvestment Zone #1 that will be financed by incremental real property and sales tax generated within the TIRZ. The map to the left shows an overview of the approximate location of the improvements, while estimates of costs are listed below. Project Costs Total Retail Site Improvements $1,500,000 Land Costs Reimbursements $1,500,000 Roadway Improvements $1,000,000 Landscaping and Hardscaping $400,000 Intersection Improvements $500,000 Economic Development Grants $300,000 Administrative Costs $200,000 Total Project Costs $5,400,000 Items without approximate locations shown in the map to the left will be applied throughout the zone as development occurs. 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. Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 61 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 7 Anticipated Development Hampton Inn Retail Pad Sites Office Medical Office Buildings (MOB) Office Legend - Block A Hampton In (2015) - 95 Rooms Homewood (2017) - 108 Rooms Retail (2017) - 21,900 square feet Retail (2018) - 11,000 square feet Oce (2018) - 6,000 Square Feet - Block B MOB (2016) - 10,000 Square Feet Oce (2019) - 20,000 Square Feet - Block C (2018) Oce - 20,000 Square Feet - Block D (2016) Holiday Inn - 138 Rooms - Block E (2015) Residential - 35 Units Anticipated Development There are several projects anticipated to be developed within TIRZ #1 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. Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 62 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 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 Tarrant County would contribute 60% of its revenue to the TIRZ fund. Town of Trophy Club TIRZ #1 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 Tarrant County 0.2640000 60.00%0.1584000 Hospital District 0.2278970 0.00%0.0000000 TCCD 0.1489700 0.00%0.0000000 Trophy CLUB MUD 1 0.1333900 0.00%0.0000000 Total 2.6678000 0.4695258 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 0.25%0.00%0.00% Street Maintenance 0.25%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 #1 over its 21 year life is shown below. •Total Sales Tax Revenue $744,274 •Total Ad Valorem $4,656,756 •Total Revenue $5,401,030 Block Use Square Feet/Units Appraised Value PSF/Unit Estimated Appraised Value First Year of Tax Revenue Current Parcels Owner Name Land Improvement Appraised Value A Hampton Inn*53,000 110$ 2,429,896$ 2015 41245660 Highway 114 Prospect Ltd 759,369$ -$ 759,369$ A Homewood Suites 65,000 110$ 7,150,000$ 2017 40778509 Maguire Partners Westlake Ps 1,061,514$ -$ 1,061,514$ A Restaurant 1 8,900 200$ 1,780,000$ 2017 40760057 Tc Hospital Lp 1,076,345$ -$ 1,076,345$ A Restaurant 2 7,000 200$ 1,400,000$ 2017 40760006 Highway 114 Prospect Ltd 4,875$ -$ 4,875$ A Restaurant 3 6,000 200$ 1,200,000$ 2017 40760014 Highway 114 Prospect Ltd 151,047$ -$ 151,047$ A Retail 11,000 200$ 2,200,000$ 2018 40760065 Trophy Club Mun Util Dist #1 -$ -$ -$ A Office 6,000 200$ 1,200,000$ 2018 41449800 Highway 114 Prospect Ltd 268,132$ -$ 268,132$ B MOB 30,000 250$ 7,500,000$ 2016 41449797 Hydra Hotels Llc 462,149$ -$ 462,149$ C Office 20,000 200$ 4,000,000$ 2019 41451600 Shri Siddhi Vinayak Llc 795,340$ -$ 795,340$ D Holiday Inn 80,000 110$ 8,800,000$ 2016 41451597 Highway 114 Prospect Ltd 49,153$ -$ 49,153$ E Residential 35 250,000$ 8,750,000$ 2015 41451597 Highway 114 Prospect Ltd 49,153$ -$ 49,153$ Total 46,409,896$ 41451600 Shri Siddhi Vinayak Llc 795,340$ -$ 795,340$ * Excludes partial value for 2013 5,472,417$ -$ 5,472,417$ Block Use Square Feet/Units Taxable Sales PSF/Unit Estimated $QQXDO 6DOHV First Year of Tax Revenue A Hampton Inn 95 2,000$ 190,000$ 2014 A Homewood Suites 108 2,000$ 216,000$ 2016 A Restaurant 1 8,900 400$ 3,560,000$ 2016 A Restaurant 2 7,000 300$ 2,100,000$ 2016 A Restaurant 3 6,000 350$ 2,100,000$ 2016 A Retail 11,000 300$ 3,300,000$ 2017 A Office 6,000 -$ -$ NA B MOB 30,000 -$ -$ NA C Office 20,000 -$ -$ NA D Holiday Inn 138 2,000$ 276,000$ 2016 E Residential 35 -$ -$ NA Total 11,742,000$ TIRZ #1 Trophy Wood Development Overview by Type Type Square Feet/Units Appraised Value PSF/Unit Estimated Appraised Value Retail 32,900 200$ 6,580,000$ Office 56,000 227$ 12,700,000$ Residential 35 250,000$ 8,750,000$ Hotel 198,000 110$ 21,780,000$ Total 286,935 49,810,000$ TIRZ #1 Trophy Wood Development Overview by Block Real Property TIRZ #1 Trophy Wood Development Overview by Block Sales Tax Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 63 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 9 Financial Feasibility Analysis TAXABLE BASE YEAR GROWTH 1.00% DISCOUNT RATE 6.00% Trophy Club 0.5185430 60% 0.3111258 Trophy Club 0.5185430 0% 0.0000000 Northwest ISD 1.3750000 0% 0.0000000 Northwest ISD 1.3750000 0% 0.0000000 Tarrant County 0.2640000 60% 0.1584000 Tarrant County 0.2640000 0% 0.0000000 Hospital District 0.2278970 0% 0.0000000 Hospital District 0.2278970 0% 0.0000000 TCCD 0.1489700 0% 0.0000000 TCCD 0.1489700 0% 0.0000000 Trophy CLUB MUD 1 0.1333900 0% 0.0000000 Trophy CLUB MUD 1 0.1333900 0% 0.0000000 2.6678000 0.4695258 2.6678000 0.0000000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 REVENUE YEAR 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 TOTALS BASE YEAR Trophy Club 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Northwest ISD 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Tarrant County 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Hospital District 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 TCCD 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Trophy CLUB MUD 1 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 TAXABLE VALUE Trophy Club 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Northwest ISD 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Tarrant County 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Hospital District 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 TCCD 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Trophy CLUB MUD 1 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 TAXABLE VALUE INCREMENT Trophy Club 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Northwest ISD 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Tarrant County 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Hospital District 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 TCCD 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Trophy CLUB MUD 1 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 REVENUE A TAXABLE VALUE GROWTH OF EXISTING PROPERTIES Trophy Club 276 555 836 1,121 1,408 1,698 1,991 2,287 2,586 2,888 3,193 3,501 3,812 4,126 4,444 4,764 5,088 5,415 5,745 6,078 61,812 Trophy Club Northwest ISD 0 0 0 000000000000000000Northwest ISD Tarrant County 141 282 426 571 717 865 1,014 1,164 1,317 1,470 1,626 1,782 1,941 2,101 2,262 2,425 2,590 2,757 2,925 3,095 31,470 Tarrant County Hospital District 0 0 0 000000000000000000Hospital District TCCD 0 0 0 000000000000000000TCCD Trophy CLUB MUD 1 0 0 0 000000000000000000Trophy CLUB MUD 1 npv @ 6% SUBTOTAL A 43,524 417 837 1,262 1,692 2,125 2,563 3,005 3,452 3,903 4,358 4,819 5,283 5,753 6,227 6,706 7,189 7,678 8,171 8,670 9,173 93,282 REVENUE #1 - BLOCK A REAL PROPERTY TAX 5,830,000 5,888,300 17,418,300 20,818,300 21,026,483 21,236,748 21,449,115 21,663,606 21,880,243 22,099,045 22,320,035 22,543,236 22,768,668 22,996,355 23,226,318 23,458,582 23,693,167 23,930,099 24,169,400 24,411,094 BUSINESS PERSONAL PROPERTY 1,590,000 1,605,900 3,993,900 4,273,900 4,316,639 4,359,805 4,403,403 4,447,437 4,491,912 4,536,831 4,582,199 4,628,021 4,674,301 4,721,045 4,768,255 4,815,937 4,864,097 4,912,738 4,961,865 5,011,484 Trophy Club 18,139 18,320 54,193 64,771 65,419 66,073 66,734 67,401 68,075 68,756 69,443 70,138 70,839 71,548 72,263 72,986 73,716 74,453 75,197 75,949 1,284,412 Trophy Club Northwest ISD 0 0 0 000000000000000000Northwest ISD Tarrant County 9,235 9,327 27,591 32,976 33,306 33,639 33,975 34,315 34,658 35,005 35,355 35,708 36,066 36,426 36,790 37,158 37,530 37,905 38,284 38,667 653,918 Tarrant County Hospital District 0 0 0 000000000000000000Hospital District TCCD 0 0 0 000000000000000000TCCD Trophy CLUB MUD 1 0 0 0 000000000000000000Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #1 1,038,601 27,373 27,647 81,783 97,747 98,725 99,712 100,709 101,716 102,733 103,761 104,798 105,846 106,905 107,974 109,054 110,144 111,246 112,358 113,482 114,616 1,938,330 REVENUE #2 - BLOCK B REAL PROPERTY TAX 0 2,500,000 2,525,000 2,550,250 7,500,000 7,575,000 7,650,750 7,727,258 7,804,530 7,882,575 7,961,401 8,041,015 8,121,425 8,202,640 8,284,666 8,367,513 8,451,188 8,535,700 8,621,057 8,707,267 BUSINESS PERSONAL PROPERTY 0 300,000 303,000 306,030 900,000 909,000 918,090 927,271 936,544 945,909 955,368 964,922 974,571 984,317 994,160 1,004,102 1,014,143 1,024,284 1,034,527 1,044,872 Trophy Club 0 7,778 7,856 7,934 23,334 23,568 23,803 24,041 24,282 24,525 24,770 25,018 25,268 25,521 25,776 26,033 26,294 26,557 26,822 27,091 426,271 Trophy Club Northwest ISD 0 0 0 000000000000000000Northwest ISD Tarrant County 0 3,960 4,000 4,040 11,880 11,999 12,119 12,240 12,362 12,486 12,611 12,737 12,864 12,993 13,123 13,254 13,387 13,521 13,656 13,792 217,023 Tarrant County Hospital District 0 0 0 000000000000000000Hospital District TCCD 0 0 0 000000000000000000TCCD Trophy CLUB MUD 1 0 0 0 000000000000000000Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #2 330,249 0 11,738 11,856 11,974 35,214 35,567 35,922 36,281 36,644 37,011 37,381 37,755 38,132 38,514 38,899 39,288 39,681 40,077 40,478 40,883 643,294 ESTIMATE OF GENERAL IMPACT OF PROPOSED ZONE PROPERTY VALUES AND TAX REVENUES BUSINESS PERSONAL PROPERTY TAXREAL PROPERTY TAX Sales Tax Participation 0.25% Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 64 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 10 REVENUE #3 - BLOCK C REAL PROPERTY TAX 0 0 0 0 4,000,000 4,040,000 4,080,400 4,121,204 4,162,416 4,204,040 4,246,081 4,288,541 4,331,427 4,374,741 4,418,489 4,462,673 4,507,300 4,552,373 4,597,897 4,643,876 BUSINESS PERSONAL PROPERTY 0 0 0 0 400,000 404,000 408,040 412,120 416,242 420,404 424,608 428,854 433,143 437,474 441,849 446,267 450,730 455,237 459,790 464,388 Trophy Club 0 0 0 0 12,445 12,569 12,695 12,822 12,950 13,080 13,211 13,343 13,476 13,611 13,747 13,885 14,023 14,164 14,305 14,448 214,775 Trophy Club Northwest ISD 0 0 0 000000000000000000Northwest ISD Tarrant County 0 0 0 0 6,336 6,399 6,463 6,528 6,593 6,659 6,726 6,793 6,861 6,930 6,999 7,069 7,140 7,211 7,283 7,356 109,346 Tarrant County Hospital District 0 0 0 000000000000000000Hospital District TCCD 0 0 0 000000000000000000TCCD Trophy CLUB MUD 1 0 0 0 000000000000000000Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #3 160,194 0 0 0 0 18,781 18,969 19,159 19,350 19,544 19,739 19,936 20,136 20,337 20,541 20,746 20,953 21,163 21,375 21,588 21,804 324,121 REVENUE #4 - BLOCK D REAL PROPERTY TAX 0 8,800,000 8,888,000 8,976,880 9,066,649 9,157,315 9,248,888 9,341,377 9,434,791 9,529,139 9,624,430 9,720,675 9,817,881 9,916,060 10,015,221 10,115,373 10,216,527 10,318,692 10,421,879 10,526,098 BUSINESS PERSONAL PROPERTY 0 2,400,000 2,424,000 2,448,240 2,472,722 2,497,450 2,522,424 2,547,648 2,573,125 2,598,856 2,624,845 2,651,093 2,677,604 2,704,380 2,731,424 2,758,738 2,786,325 2,814,189 2,842,331 2,870,754 Trophy Club 0 27,379 27,653 27,929 28,209 28,491 28,776 29,063 29,354 29,648 29,944 30,244 30,546 30,851 31,160 31,472 31,786 32,104 32,425 32,749 569,783 Trophy Club Northwest ISD 0 0 0 000000000000000000Northwest ISD Tarrant County 0 13,939 14,079 14,219 14,362 14,505 14,650 14,797 14,945 15,094 15,245 15,398 15,552 15,707 15,864 16,023 16,183 16,345 16,508 16,673 290,087 Tarrant County Hospital District 0 0 0 000000000000000000Hospital District TCCD 0 0 0 000000000000000000TCCD Trophy CLUB MUD 1 0 0 0 000000000000000000Trophy CLUB MUD 1 SUBTOTAL #4 468,303 0 41,318 41,731 42,149 42,570 42,996 43,426 43,860 44,299 44,742 45,189 45,641 46,097 46,558 47,024 47,494 47,969 48,449 48,933 49,423 859,870 REVENUE #5 - BLOCK E REAL PROPERTY TAX 0 2,887,500 5,775,000 8,750,000 8,837,500 8,925,875 9,015,134 9,105,285 9,196,338 9,288,301 9,381,184 9,474,996 9,569,746 9,665,444 9,762,098 9,859,719 9,958,316 10,057,899 10,158,478 10,260,063 BUSINESS PERSONAL PROPERTY 00000000000000000000 Trophy Club 0 8,984 17,968 27,224 27,496 27,771 28,048 28,329 28,612 28,898 29,187 29,479 29,774 30,072 30,372 30,676 30,983 31,293 31,606 31,922 528,693 Trophy Club Northwest ISD 0 0 0 000000000000000000Northwest ISD Tarrant County 0 4,574 9,148 13,860 13,999 14,139 14,280 14,423 14,567 14,713 14,860 15,008 15,158 15,310 15,463 15,618 15,774 15,932 16,091 16,252 269,167 Tarrant County Hospital District 0 0 0 000000000000000000Hospital District TCCD 0 0 0 000000000000000000TCCD Trophy CLUB MUD 1 0 0 0 000000000000000000Trophy CLUB MUD 1 SUBTOTAL #5 421,303 0 13,558 27,115 41,084 41,494 41,909 42,328 42,752 43,179 43,611 44,047 44,488 44,932 45,382 45,836 46,294 46,757 47,224 47,697 48,174 797,860 REVENUE #6 - SALES SALES TAX 190,000 8,442,000 11,744,760 15,047,548 15,198,023 15,350,003 15,503,503 15,658,538 15,815,124 15,973,275 16,133,008 16,294,338 16,457,281 16,621,854 16,788,073 16,955,953 17,125,513 17,296,768 17,469,736 17,644,433 SUBTOTAL #6 397,763 475 21,105 29,362 37,619 37,995 38,375 38,759 39,146 39,538 39,933 40,333 40,736 41,143 41,555 41,970 42,390 42,814 43,242 43,674 44,111 744,274 TIF REVENUE A, 1, 2, 3, 4, 5, 6 28,265 116,203 193,110 232,264 276,905 280,091 283,308 286,558 289,840 293,155 296,503 299,885 303,300 306,750 310,234 313,753 317,307 320,896 324,522 328,184 5,401,030 Total Taxable Value 14,791,246 29,126,659 43,747,667 50,328,211 59,755,741 60,353,298 60,956,831 61,566,399 62,182,063 62,803,884 63,431,923 64,066,242 64,706,904 65,353,973 66,007,513 66,667,588 67,334,264 68,007,607 68,687,683 69,374,560 . TIF Revenue Running Total 28,265 144,468 337,578 569,842 846,747 1,126,838 1,410,146 1,696,703 1,986,543 2,279,698 2,576,201 2,876,086 3,179,386 3,486,135 3,796,369 4,110,122 4,427,428 4,748,325 5,072,847 5,401,030 NET PRESENT VALUE @ 6%2,859,937 GROSS 5,401,030 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Trophy Club 2,029,294$ 18,890 84,121 137,867 166,598 196,306 198,545 200,806 203,091 205,398 207,728 210,081 212,458 214,858 217,283 219,732 222,205 224,703 227,226 229,775 232,349 3,830,020 Northwest ISD -$ 000000000000000000000 Tarrant County 830,643$ 9,375 32,083 55,242 65,666 80,599 81,546 82,502 83,467 84,442 85,427 86,422 87,427 88,442 89,467 90,502 91,547 92,603 93,670 94,747 95,835 1,571,011 Hospital District -$ 000000000000000000000 TCCD -$ 000000000000000000000 Trophy CLUB MUD 1 -$ 000000000000000000000 TOTALS 28,265 116,203 193,110 232,264 276,905 280,091 283,308 286,558 289,840 293,155 296,503 299,885 303,300 306,750 310,234 313,753 317,307 320,896 324,522 328,184 5,401,030 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 65 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 11 Financial Feasibility Analysis $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 Total Annual Tax Revenue Generated Trophy CLUB MUD 1 Tarrant County Northwest ISD Trophy Club $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 Potential TIRZ Tax Revenue Tarrant County Trophy Club 8,945,786 15,826,936 3,038,772 2,623,208 1,369,297 1,535,385 20 Year Gross Economic Impact Trophy Club Northwest ISD Tarrant County Hospital District TCCD 3,830,020 1,571,011 20 Year Potential TIF Revenue Trophy Club Tarrant County 5,115,767 15,826,936 1,467,761 2,623,208 1,369,297 1,535,385 20 Year Net Benefit Trophy Club Northwest ISD Tarrant County Hospital District TCCD Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 66 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 12 ►INPUT INFLATION RATE 1.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.51854300 60%0.3111258 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 60%0.1584000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.4695258 PERSONAL PROPERTY TAX Trophy Club 0.51854300 0%0.0000000 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 0%0.0000000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.0000000 Sales Tax Rate 0.0100000 25.00%0.0025000 Block A AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Hampton Inn* 2015 53,000 110.00$ 5,830,000$ 30.00$ 1,590,000$ 3.60$ 190,000$ Homewood Suites 2017 65,000 110.00$ 7,150,000$ 30.00$ 1,950,000$ 3.60$ 216,000$ Restaurant 1 2017 8,900 200.00$ 1,780,000$ 20.00$ 178,000$ 400.00$ 3,560,000$ Restaurant 2 2017 7,000 200.00$ 1,400,000$ 20.00$ 140,000$ 300.00$ 2,100,000$ Restaurant 3 2017 6,000 200.00$ 1,200,000$ 20.00$ 120,000$ 350.00$ 2,100,000$ Retail 2018 11,000 200.00$ 2,200,000$ 20.00$ 220,000$ 300.00$ 3,300,000$ Office 2018 6,000 200.00$ 1,200,000$ 10.00$ 60,000$ -$ -$ TOTAL 156,900 20,760,000 4,258,000 11,466,000 ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 33.9%5,506,083$ =2,140,686$ +445,738$ +2,919,659$ Northwest ISD 42.3%6,858,318$ =5,676,373$ +1,181,945$ +-$ Tarrant County 8.1%1,316,797$ =1,089,864$ +226,934$ +-$ Hospital District 7.0%1,136,720$ =940,821$ +195,900$ +-$ TCCD 4.6%743,043$ =614,989$ +128,054$ +-$ Trophy CLUB MUD 1 4.1%665,332$ =550,670$ +114,662$ +-$ 100.0%16,226,293 11,013,401$ 2,293,232$ 2,919,659$ 100.0%67.9%14.1%18.0% TOTAL PARTICIPATION TOTAL Trophy Club 75.5%2,014,326$ =1,284,412$ +-$ +729,915$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Tarrant County 24.5%653,918$ =653,918$ +-$ +-$ Hospital District 0.0%-$ =-$ +-$ +-$ TCCD 0.0%-$ =-$ +-$ +-$ Trophy CLUB MUD 1 0.0%-$ =-$ +-$+-$ 100.0%2,668,245$ 1,938,330$ -$ 729,915$ 100.0%72.6%0.0%27.4% NET BENEFIT TOTAL Trophy Club 25.8%3,491,757$ =856,274$ +445,738$ +2,189,744$ Northwest ISD 50.6%6,858,318$ =5,676,373$ +1,181,945$ +-$ Tarrant County 4.9%662,879$ =435,945$ +226,934$ +-$ Hospital District 8.4%1,136,720$ =940,821$ +195,900$ +-$ TCCD 5.5%743,043$ =614,989$ +128,054$ +-$ Trophy CLUB MUD 1 4.9%665,332$ =550,670$ +114,662$ +-$ 100.0%13,558,048$ 9,075,072$ 2,293,232$ 2,189,744$ 100.0%66.9%16.9%16.2% REAL PROPERTY PERSONAL PROPERTY SALES 20 YEAR - BLOCK A : INPUT & OUTPUT PARTICIPATION PARTICIPATION SALES REAL PROPERTY PERSONAL PROPERTY SALES SALES REAL PROPERTY PERSONAL PROPERTY REAL PROPERTY PERSONAL PROPERTY Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 67 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 13 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 % OCCUPIED 100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% REAL PROPERTY Taxable Value 5,830,000 5,888,300 17,418,300 20,818,300 21,026,483 21,236,748 21,449,115 21,663,606 21,880,243 22,099,045 22,320,035 22,543,236 22,768,668 22,996,355 23,226,318 23,458,582 23,693,167 23,930,099 24,169,400 24,411,094 PV GROSS Trophy Club 1,147,028 30,231 30,533 90,321 107,952 109,031 110,122 111,223 112,335 113,458 114,593 115,739 116,896 118,065 119,246 120,438 121,643 122,859 124,088 125,329 126,582 2,140,686 Northwest ISD 3,041,528 80,163 80,964 239,502 286,252 289,114 292,005 294,925 297,875 300,853 303,862 306,900 309,969 313,069 316,200 319,362 322,555 325,781 329,039 332,329 335,653 5,676,373 Tarrant County 583,973 15,391 15,545 45,984 54,960 55,510 56,065 56,626 57,192 57,764 58,341 58,925 59,514 60,109 60,710 61,317 61,931 62,550 63,175 63,807 64,445 1,089,864 Hospital District 504,113 13,286 13,419 39,696 47,444 47,919 48,398 48,882 49,371 49,864 50,363 50,867 51,375 51,889 52,408 52,932 53,461 53,996 54,536 55,081 55,632 940,821 TCCD 329,525 8,685 8,772 25,948 31,013 31,323 31,636 31,953 32,272 32,595 32,921 33,250 33,583 33,918 34,258 34,600 34,946 35,296 35,649 36,005 36,365 614,989 Trophy CLUB MUD 1 295,061 7,777 7,854 23,234 27,770 28,047 28,328 28,611 28,897 29,186 29,478 29,773 30,070 30,371 30,675 30,982 31,291 31,604 31,920 32,240 32,562 550,670 Total 5,901,228 155,533 157,088 464,685 555,391 560,945 566,554 572,219 577,942 583,721 589,558 595,454 601,408 607,423 613,497 619,632 625,828 632,086 638,407 644,791 651,239 11,013,401 % OCCUPIED 100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% PERSONAL PROPERTY Taxable Value 1,590,000 1,605,900 3,993,900 4,273,900 4,316,639 4,359,805 4,403,403 4,447,437 4,491,912 4,536,831 4,582,199 4,628,021 4,674,301 4,721,045 4,768,255 4,815,937 4,864,097 4,912,738 4,961,865 5,011,484 PV GROSS Trophy Club 241,055 8,245 8,327 20,710 22,162 22,384 22,607 22,834 23,062 23,292 23,525 23,761 23,998 24,238 24,481 24,725 24,973 25,222 25,475 25,729 25,987 445,738 Northwest ISD 639,196 21,863 22,081 54,916 58,766 59,354 59,947 60,547 61,152 61,764 62,381 63,005 63,635 64,272 64,914 65,564 66,219 66,881 67,550 68,226 68,908 1,181,945 Tarrant County 122,726 4,198 4,240 10,544 11,283 11,396 11,510 11,625 11,741 11,859 11,977 12,097 12,218 12,340 12,464 12,588 12,714 12,841 12,970 13,099 13,230 226,934 Hospital District 105,942 3,624 3,660 9,102 9,740 9,837 9,936 10,035 10,136 10,237 10,339 10,443 10,547 10,653 10,759 10,867 10,975 11,085 11,196 11,308 11,421 195,900 TCCD 69,252 2,369 2,392 5,950 6,367 6,430 6,495 6,560 6,625 6,692 6,759 6,826 6,894 6,963 7,033 7,103 7,174 7,246 7,319 7,392 7,466 128,054 Trophy CLUB MUD 1 62,009 2,121 2,142 5,327 5,701 5,758 5,816 5,874 5,932 5,992 6,052 6,112 6,173 6,235 6,297 6,360 6,424 6,488 6,553 6,619 6,685 114,662 Total 1,240,179 42,418 42,842 106,549 114,019 115,159 116,311 117,474 118,649 119,835 121,034 122,244 123,466 124,701 125,948 127,208 128,480 129,764 131,062 132,373 133,696 2,293,232 % OCCUPIED 100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% SALES TAX Taxable Value 190,000 8,166,000 11,466,000 14,766,000 14,913,660 15,062,797 15,213,425 15,365,559 15,519,214 15,674,407 15,831,151 15,989,462 16,149,357 16,310,850 16,473,959 16,638,698 16,805,085 16,973,136 17,142,868 17,314,296 PV GROSS Total 1,559,771 1,900 81,660 114,660 147,660 149,137 150,628 152,134 153,656 155,192 156,744 158,312 159,895 161,494 163,109 164,740 166,387 168,051 169,731 171,429 173,143 2,919,659 SUMMARY PV GROSS Trophy Club 2,947,853 40,376 120,521 225,691 277,774 280,552 283,357 286,191 289,053 291,943 294,863 297,811 300,789 303,797 306,835 309,903 313,003 316,133 319,294 322,487 325,712 5,506,083 Northwest ISD 3,680,724 102,025 103,045 294,418 345,018 348,468 351,953 355,472 359,027 362,617 366,243 369,906 373,605 377,341 381,114 384,925 388,775 392,662 396,589 400,555 404,560 6,858,318 Tarrant County 706,699 19,589 19,785 56,528 66,243 66,906 67,575 68,251 68,933 69,622 70,319 71,022 71,732 72,449 73,174 73,906 74,645 75,391 76,145 76,907 77,676 1,316,797 Hospital District 610,055 16,910 17,079 48,798 57,184 57,756 58,334 58,917 59,506 60,101 60,702 61,309 61,922 62,542 63,167 63,799 64,437 65,081 65,732 66,389 67,053 1,136,720 TCCD 398,776 11,054 11,164 31,898 37,380 37,754 38,131 38,512 38,898 39,287 39,679 40,076 40,477 40,882 41,291 41,704 42,121 42,542 42,967 43,397 43,831 743,043 Trophy CLUB MUD 1 357,070 9,898 9,997 28,562 33,470 33,805 34,143 34,485 34,830 35,178 35,530 35,885 36,244 36,606 36,972 37,342 37,715 38,093 38,473 38,858 39,247 665,332 Total 8,701,178 199,851 281,590 685,895 817,070 825,240 833,493 841,828 850,246 858,748 867,336 876,009 884,769 893,617 902,553 911,579 920,695 929,902 939,201 948,593 958,078 16,226,293 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 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 68 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 14 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 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 PARTICIPATION REAL PROPERTY Taxable Value 5,830,000 5,888,300 17,418,300 20,818,300 21,026,483 21,236,748 21,449,115 21,663,606 21,880,243 22,099,045 22,320,035 22,543,236 22,768,668 22,996,355 23,226,318 23,458,582 23,693,167 23,930,099 24,169,400 24,411,094 PV GROSS Trophy Club 688,217 18,139 18,320 54,193 64,771 65,419 66,073 66,734 67,401 68,075 68,756 69,443 70,138 70,839 71,548 72,263 72,986 73,716 74,453 75,197 75,949 1,284,412 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 9,235 9,327 27,591 32,976 33,306 33,639 33,975 34,315 34,658 35,005 35,355 35,708 36,066 36,426 36,790 37,158 37,530 37,905 38,284 38,667 653,918 Hospital District - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,038,601 27,373 27,647 81,783 97,747 98,725 99,712 100,709 101,716 102,733 103,761 104,798 105,846 106,905 107,974 109,054 110,144 111,246 112,358 113,482 114,616 1,938,330 PERSONAL PROPERTY Taxable Value 1,590,000 1,605,900 3,993,900 4,273,900 4,316,639 4,359,805 4,403,403 4,447,437 4,491,912 4,536,831 4,582,199 4,628,021 4,674,301 4,721,045 4,768,255 4,815,937 4,864,097 4,912,738 4,961,865 5,011,484 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County - - - - - - - - - - - - - - - - - - - - - - Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value 190,000 8,166,000 11,466,000 14,766,000 14,913,660 15,062,797 15,213,425 15,365,559 15,519,214 15,674,407 15,831,151 15,989,462 16,149,357 16,310,850 16,473,959 16,638,698 16,805,085 16,973,136 17,142,868 17,314,296 PV GROSS Total 389,943 475 20,415 28,665 36,915 37,284 37,657 38,034 38,414 38,798 39,186 39,578 39,974 40,373 40,777 41,185 41,597 42,013 42,433 42,857 43,286 729,915 SUMMARY PV GROSS Trophy Club 1,078,159 18,614 38,735 82,858 101,686 102,703 103,730 104,767 105,815 106,873 107,942 109,021 110,111 111,213 112,325 113,448 114,582 115,728 116,886 118,054 119,235 2,014,326 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 9,235 9,327 27,591 32,976 33,306 33,639 33,975 34,315 34,658 35,005 35,355 35,708 36,066 36,426 36,790 37,158 37,530 37,905 38,284 38,667 653,918 Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,428,543 27,848 48,062 110,448 134,662 136,009 137,369 138,743 140,130 141,531 142,947 144,376 145,820 147,278 148,751 150,238 151,741 153,258 154,791 156,339 157,902 2,668,245 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,869,694 21,762 81,786 142,834 176,088 177,849 179,627 181,423 183,238 185,070 186,921 188,790 190,678 192,585 194,510 196,456 198,420 200,404 202,408 204,432 206,477 3,491,757 Northwest ISD 3,680,724 102,025 103,045 294,418 345,018 348,468 351,953 355,472 359,027 362,617 366,243 369,906 373,605 377,341 381,114 384,925 388,775 392,662 396,589 400,555 404,560 6,858,318 Tarrant County 356,315 10,354 10,458 28,938 33,267 33,600 33,936 34,275 34,618 34,964 35,314 35,667 36,024 36,384 36,748 37,115 37,486 37,861 38,240 38,622 39,008 662,879 Hospital District 610,055 16,910 17,079 48,798 57,184 57,756 58,334 58,917 59,506 60,101 60,702 61,309 61,922 62,542 63,167 63,799 64,437 65,081 65,732 66,389 67,053 1,136,720 TCCD 398,776 11,054 11,164 31,898 37,380 37,754 38,131 38,512 38,898 39,287 39,679 40,076 40,477 40,882 41,291 41,704 42,121 42,542 42,967 43,397 43,831 743,043 Trophy CLUB MUD 1 357,070 9,898 9,997 28,562 33,470 33,805 34,143 34,485 34,830 35,178 35,530 35,885 36,244 36,606 36,972 37,342 37,715 38,093 38,473 38,858 39,247 665,332 Total 7,272,635 172,002 233,528 575,446 682,407 689,231 696,124 703,085 710,116 717,217 724,389 731,633 738,949 746,339 753,802 761,340 768,954 776,643 784,410 792,254 800,176 13,558,048 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 69 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 15 ►INPUT INFLATION RATE 1.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.51854300 60%0.3111258 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 60%0.1584000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.4695258 PERSONAL PROPERTY TAX Trophy Club 0.51854300 0%0.0000000 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 0%0.0000000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.0000000 Sales Tax Rate 0.0100000 25.00%0.0025000 Block B AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE MOB 2016 30,000 250.00$ 7,500,000$ 30.00$ 900,000$ -$ -$ TOTAL 30,000 7,500,000 900,000 - ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 19.4%795,706$ =710,452$ +85,254$ +-$ Northwest ISD 51.5%2,109,942$ =1,883,877$ +226,065$ +-$ Tarrant County 9.9%405,109$ =361,704$ +43,405$ +-$ Hospital District 8.5%349,709$ =312,240$ +37,469$ +-$ TCCD 5.6%228,595$ =204,103$ +24,492$ +-$ Trophy CLUB MUD 1 5.0%204,687$ =182,757$ +21,931$ +-$ 100.0%4,093,748 3,655,132$ 438,616$ -$ 100.0%89.3%10.7%0.0% TOTAL PARTICIPATION TOTAL Trophy Club 66.3%426,271$ =426,271$ +-$ +-$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Tarrant County 33.7%217,023$ =217,023$ +-$ +-$ Hospital District 0.0%-$ =-$ +-$ +-$ TCCD 0.0%-$ =-$ +-$ +-$ Trophy CLUB MUD 1 0.0%-$ =-$+-$+-$ 100.0%643,294$ 643,294$ -$ -$ 100.0%100.0%0.0%0.0% NET BENEFIT TOTAL Trophy Club 10.7%369,435$ =284,181$ +85,254$ +-$ Northwest ISD 61.1%2,109,942$ =1,883,877$ +226,065$ +-$ Tarrant County 5.5%188,086$ =144,682$ +43,405$ +-$ Hospital District 10.1%349,709$ =312,240$ +37,469$ +-$ TCCD 6.6%228,595$ =204,103$ +24,492$ +-$ Trophy CLUB MUD 1 5.9%204,687$ =182,757$ +21,931$ +-$ 100.0%3,450,455$ 3,011,839$ 438,616$ -$ 100.0%87.3%12.7%0.0% REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY 20 YEAR - BLOCK B : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES PERSONAL PROPERTY SALES Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 70 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 16 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 % OCCUPIED 0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% REAL PROPERTY Taxable Value - 2,500,000 2,525,000 2,550,250 7,500,000 7,575,000 7,650,750 7,727,258 7,804,530 7,882,575 7,961,401 8,041,015 8,121,425 8,202,640 8,284,666 8,367,513 8,451,188 8,535,700 8,621,057 8,707,267 PV GROSS Trophy Club 1,147,028 - 12,964 13,093 13,224 38,891 39,280 39,672 40,069 40,470 40,875 41,283 41,696 42,113 42,534 42,960 43,389 43,823 44,261 44,704 45,151 710,452 Northwest ISD 3,041,528 - 34,375 34,719 35,066 103,125 104,156 105,198 106,250 107,312 108,385 109,469 110,564 111,670 112,786 113,914 115,053 116,204 117,366 118,540 119,725 1,883,877 Tarrant County 583,973 - 6,600 6,666 6,733 19,800 19,998 20,198 20,400 20,604 20,810 21,018 21,228 21,441 21,655 21,872 22,090 22,311 22,534 22,760 22,987 361,704 Hospital District 504,113 - 5,697 5,754 5,812 17,092 17,263 17,436 17,610 17,786 17,964 18,144 18,325 18,508 18,694 18,881 19,069 19,260 19,453 19,647 19,844 312,240 TCCD 329,525 - 3,724 3,761 3,799 11,173 11,284 11,397 11,511 11,626 11,743 11,860 11,979 12,098 12,219 12,342 12,465 12,590 12,716 12,843 12,971 204,103 Trophy CLUB MUD 1 295,061 - 3,335 3,368 3,402 10,004 10,104 10,205 10,307 10,410 10,515 10,620 10,726 10,833 10,942 11,051 11,161 11,273 11,386 11,500 11,615 182,757 Total 5,901,228 - 66,695 67,362 68,036 200,085 202,086 204,107 206,148 208,209 210,291 212,394 214,518 216,663 218,830 221,018 223,229 225,461 227,715 229,993 232,292 3,655,132 % OCCUPIED 0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% PERSONAL PROPERTY Taxable Value 300,000 303,000 306,030 900,000 909,000 918,090 927,271 936,544 945,909 955,368 964,922 974,571 984,317 994,160 1,004,102 1,014,143 1,024,284 1,034,527 1,044,872 PV GROSS Trophy Club 241,055 - 1,556 1,571 1,587 4,667 4,714 4,761 4,808 4,856 4,905 4,954 5,004 5,054 5,104 5,155 5,207 5,259 5,311 5,364 5,418 85,254 Northwest ISD 639,196 - 4,125 4,166 4,208 12,375 12,499 12,624 12,750 12,877 13,006 13,136 13,268 13,400 13,534 13,670 13,806 13,944 14,084 14,225 14,367 226,065 Tarrant County 122,726 - 792 800 808 2,376 2,400 2,424 2,448 2,472 2,497 2,522 2,547 2,573 2,599 2,625 2,651 2,677 2,704 2,731 2,758 43,405 Hospital District 105,942 - 684 691 697 2,051 2,072 2,092 2,113 2,134 2,156 2,177 2,199 2,221 2,243 2,266 2,288 2,311 2,334 2,358 2,381 37,469 TCCD 69,252 - 447 451 456 1,341 1,354 1,368 1,381 1,395 1,409 1,423 1,437 1,452 1,466 1,481 1,496 1,511 1,526 1,541 1,557 24,492 Trophy CLUB MUD 1 62,009 - 400 404 408 1,201 1,213 1,225 1,237 1,249 1,262 1,274 1,287 1,300 1,313 1,326 1,339 1,353 1,366 1,380 1,394 21,931 Total 1,240,179 - 8,003 8,083 8,164 24,010 24,250 24,493 24,738 24,985 25,235 25,487 25,742 26,000 26,260 26,522 26,787 27,055 27,326 27,599 27,875 438,616 % OCCUPIED 0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% SALES TAX Taxable Value - - - - - - - - - - - - - - - - - - - PV GROSS Total 1,559,771 - - - - - - - - - - - - - - - - - - - - - SUMMARY PV GROSS Trophy Club 2,947,853 - 14,519 14,664 14,811 43,558 43,993 44,433 44,877 45,326 45,779 46,237 46,700 47,167 47,638 48,115 48,596 49,082 49,573 50,068 50,569 795,706 Northwest ISD 3,680,724 - 38,500 38,885 39,274 115,500 116,655 117,822 119,000 120,190 121,392 122,606 123,832 125,070 126,321 127,584 128,860 130,148 131,450 132,764 134,092 2,109,942 Tarrant County 706,699 - 7,392 7,466 7,541 22,176 22,398 22,622 22,848 23,076 23,307 23,540 23,776 24,013 24,254 24,496 24,741 24,988 25,238 25,491 25,746 405,109 Hospital District 610,055 - 6,381 6,445 6,509 19,143 19,335 19,528 19,723 19,921 20,120 20,321 20,524 20,730 20,937 21,146 21,358 21,571 21,787 22,005 22,225 349,709 TCCD 398,776 - 4,171 4,213 4,255 12,513 12,639 12,765 12,893 13,022 13,152 13,283 13,416 13,550 13,686 13,823 13,961 14,101 14,242 14,384 14,528 228,595 Trophy CLUB MUD 1 357,070 - 3,735 3,772 3,810 11,205 11,317 11,430 11,544 11,660 11,776 11,894 12,013 12,133 12,254 12,377 12,501 12,626 12,752 12,880 13,008 204,687 Total 8,701,178 - 74,698 75,445 76,200 224,095 226,336 228,600 230,886 233,194 235,526 237,882 240,260 242,663 245,090 247,541 250,016 252,516 255,041 257,592 260,168 4,093,748 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 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 71 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 17 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 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 PARTICIPATION REAL PROPERTY Taxable Value - 2,500,000 2,525,000 2,550,250 7,500,000 7,575,000 7,650,750 7,727,258 7,804,530 7,882,575 7,961,401 8,041,015 8,121,425 8,202,640 8,284,666 8,367,513 8,451,188 8,535,700 8,621,057 8,707,267 PV GROSS Trophy Club 688,217 - 7,778 7,856 7,934 23,334 23,568 23,803 24,041 24,282 24,525 24,770 25,018 25,268 25,521 25,776 26,033 26,294 26,557 26,822 27,091 426,271 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - 3,960 4,000 4,040 11,880 11,999 12,119 12,240 12,362 12,486 12,611 12,737 12,864 12,993 13,123 13,254 13,387 13,521 13,656 13,792 217,023 Hospital District - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,038,601 - 11,738 11,856 11,974 35,214 35,567 35,922 36,281 36,644 37,011 37,381 37,755 38,132 38,514 38,899 39,288 39,681 40,077 40,478 40,883 643,294 PERSONAL PROPERTY Taxable Value - 300,000 303,000 306,030 900,000 909,000 918,090 927,271 936,544 945,909 955,368 964,922 974,571 984,317 994,160 1,004,102 1,014,143 1,024,284 1,034,527 1,044,872 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County - - - - - - - - - - - - - - - - - - - - - - Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - - - - - - - - - - - - - - - - - PV GROSS Total 389,943 - - - - - - - - - - - - - - - - - - - - - SUMMARY PV GROSS Trophy Club 1,078,159 - 7,778 7,856 7,934 23,334 23,568 23,803 24,041 24,282 24,525 24,770 25,018 25,268 25,521 25,776 26,033 26,294 26,557 26,822 27,091 426,271 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - 3,960 4,000 4,040 11,880 11,999 12,119 12,240 12,362 12,486 12,611 12,737 12,864 12,993 13,123 13,254 13,387 13,521 13,656 13,792 217,023 Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,428,543 - 11,738 11,856 11,974 35,214 35,567 35,922 36,281 36,644 37,011 37,381 37,755 38,132 38,514 38,899 39,288 39,681 40,077 40,478 40,883 643,294 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,869,694 - 6,741 6,808 6,877 20,223 20,425 20,630 20,836 21,044 21,255 21,467 21,682 21,899 22,118 22,339 22,562 22,788 23,016 23,246 23,478 369,435 Northwest ISD 3,680,724 - 38,500 38,885 39,274 115,500 116,655 117,822 119,000 120,190 121,392 122,606 123,832 125,070 126,321 127,584 128,860 130,148 131,450 132,764 134,092 2,109,942 Tarrant County 356,315 - 3,432 3,466 3,501 10,296 10,399 10,503 10,608 10,714 10,821 10,929 11,039 11,149 11,261 11,373 11,487 11,602 11,718 11,835 11,953 188,086 Hospital District 610,055 - 6,381 6,445 6,509 19,143 19,335 19,528 19,723 19,921 20,120 20,321 20,524 20,730 20,937 21,146 21,358 21,571 21,787 22,005 22,225 349,709 TCCD 398,776 - 4,171 4,213 4,255 12,513 12,639 12,765 12,893 13,022 13,152 13,283 13,416 13,550 13,686 13,823 13,961 14,101 14,242 14,384 14,528 228,595 Trophy CLUB MUD 1 357,070 - 3,735 3,772 3,810 11,205 11,317 11,430 11,544 11,660 11,776 11,894 12,013 12,133 12,254 12,377 12,501 12,626 12,752 12,880 13,008 204,687 Total 7,272,635 - 62,960 63,590 64,226 188,881 190,770 192,677 194,604 196,550 198,516 200,501 202,506 204,531 206,576 208,642 210,728 212,836 214,964 217,114 219,285 3,450,455 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 72 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 18 ►INPUT INFLATION RATE 1.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.51854300 60%0.3111258 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 60%0.1584000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.4695258 PERSONAL PROPERTY TAX Trophy Club 0.51854300 0%0.0000000 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 0%0.0000000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.0000000 SALES TAX RATE 0.0100000 25.00%0.0025000 Block C AREA Year SF/UNIT $/SF or $/Unit TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Office 2019 20,000 200$ 4,000,000$ 20.00$ 400,000$ -$ -$ TOTAL 20,000 4,000,000$ 400,000$ -$ ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 19.4%393,754$ =357,958$ +35,796$ +-$ Northwest ISD 51.5%1,044,101$ =949,183$ +94,918$ +-$ Tarrant County 9.9%200,467$ =182,243$ +18,224$ +-$ Hospital District 8.5%173,053$ =157,321$ +15,732$ +-$ TCCD 5.6%113,120$ =102,836$ +10,284$ +-$ Trophy CLUB MUD 1 5.0%101,289$ =92,081$ +9,208$ +-$ 100.0%2,025,783 1,841,621$ 184,162$ -$ 100.0%90.9%9.1%0.0% TOTAL PARTICIPATION TOTAL Trophy Club 66.3%214,775$ =214,775$ +-$ +-$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Tarrant County 33.7%109,346$ =109,346$ +-$ +-$ Hospital District 0.0%-$ =-$ +-$ +-$ TCCD 0.0%-$ =-$ +-$ +-$ Trophy CLUB MUD 1 0.0%-$ =-$+-$+-$ 100.0%324,121$ 324,121$ -$ -$ 100.0%100.0%0.0%0.0% NET BENEFIT TOTAL Trophy Club 10.5%178,979$ =143,183$ +35,796$ +-$ Northwest ISD 61.4%1,044,101$ =949,183$ +94,918$ +-$ Tarrant County 5.4%91,122$ =72,897$ +18,224$ +-$ Hospital District 10.2%173,053$ =157,321$ +15,732$ +-$ TCCD 6.6%113,120$ =102,836$ +10,284$ +-$ Trophy CLUB MUD 1 6.0%101,289$ =92,081$+9,208$+-$ 100.0%1,701,663$ 1,517,501$ 184,162$ -$ 100.0%89.2%10.8%0.0% 20 YEAR - BLOCK C : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES SALES REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 73 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 19 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 % OCCUPIED 0%0%0%0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% REAL PROPERTY Taxable Value - - - - 4,000,000 4,040,000 4,080,400 4,121,204 4,162,416 4,204,040 4,246,081 4,288,541 4,331,427 4,374,741 4,418,489 4,462,673 4,507,300 4,552,373 4,597,897 4,643,876 PV GROSS Trophy Club 1,147,028 - - - - 20,742 20,949 21,159 21,370 21,584 21,800 22,018 22,238 22,460 22,685 22,912 23,141 23,372 23,606 23,842 24,080 357,958 Northwest ISD 3,041,528 - - - - 55,000 55,550 56,106 56,667 57,233 57,806 58,384 58,967 59,557 60,153 60,754 61,362 61,975 62,595 63,221 63,853 949,183 Tarrant County 583,973 - - - - 10,560 10,666 10,772 10,880 10,989 11,099 11,210 11,322 11,435 11,549 11,665 11,781 11,899 12,018 12,138 12,260 182,243 Hospital District 504,113 - - - - 9,116 9,207 9,299 9,392 9,486 9,581 9,677 9,773 9,871 9,970 10,070 10,170 10,272 10,375 10,478 10,583 157,321 TCCD 329,525 - - - - 5,959 6,018 6,079 6,139 6,201 6,263 6,325 6,389 6,453 6,517 6,582 6,648 6,715 6,782 6,849 6,918 102,836 Trophy CLUB MUD 1 295,061 - - --5,336 5,389 5,443 5,497 5,552 5,608 5,664 5,720 5,778 5,835 5,894 5,953 6,012 6,072 6,133 6,194 92,081 Total 5,901,228 - - - - 106,712 107,779 108,857 109,945 111,045 112,155 113,277 114,410 115,554 116,709 117,876 119,055 120,246 121,448 122,663 123,889 1,841,621 % OCCUPIED 0%0%0%0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% PERSONAL PROPERTY Taxable Value - - - 400,000 404,000 408,040 412,120 416,242 420,404 424,608 428,854 433,143 437,474 441,849 446,267 450,730 455,237 459,790 464,388 PV GROSS Trophy Club 241,055 - - - - 2,074 2,095 2,116 2,137 2,158 2,180 2,202 2,224 2,246 2,268 2,291 2,314 2,337 2,361 2,384 2,408 35,796 Northwest ISD 639,196 - - - - 5,500 5,555 5,611 5,667 5,723 5,781 5,838 5,897 5,956 6,015 6,075 6,136 6,198 6,260 6,322 6,385 94,918 Tarrant County 122,726 - - - - 1,056 1,067 1,077 1,088 1,099 1,110 1,121 1,132 1,143 1,155 1,166 1,178 1,190 1,202 1,214 1,226 18,224 Hospital District 105,942 - - --912 921 930 939 949 958 968 977 987 997 1,007 1,017 1,027 1,037 1,048 1,058 15,732 TCCD 69,252 - - --596 602 608 614 620 626 633 639 645 652 658 665 671 678 685 692 10,284 Trophy CLUB MUD 1 62,009 - - - - 534 539 544 550 555 561 566 572 578 584 589 595 601 607 613 619 9,208 Total 1,240,179 - - - - 10,671 10,778 10,886 10,995 11,104 11,216 11,328 11,441 11,555 11,671 11,788 11,906 12,025 12,145 12,266 12,389 184,162 % OCCUPIED 0%0%0%0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% SALES TAX Taxable Value - - - - - - - - - - - - - - - - - - - PV GROSS Total 1,559,771 - - - - - - - - - - - - - - - - - - - - - SUMMARY PV GROSS Trophy Club 2,947,853 - - - - 22,816 23,044 23,274 23,507 23,742 23,980 24,220 24,462 24,706 24,953 25,203 25,455 25,710 25,967 26,226 26,489 393,754 Northwest ISD 3,680,724 - - - - 60,500 61,105 61,716 62,333 62,957 63,586 64,222 64,864 65,513 66,168 66,830 67,498 68,173 68,855 69,543 70,239 1,044,101 Tarrant County 706,699 - - - - 11,616 11,732 11,849 11,968 12,088 12,209 12,331 12,454 12,578 12,704 12,831 12,960 13,089 13,220 13,352 13,486 200,467 Hospital District 610,055 - - - - 10,027 10,128 10,229 10,331 10,435 10,539 10,644 10,751 10,858 10,967 11,077 11,187 11,299 11,412 11,526 11,642 173,053 TCCD 398,776 - - - - 6,555 6,620 6,686 6,753 6,821 6,889 6,958 7,028 7,098 7,169 7,240 7,313 7,386 7,460 7,534 7,610 113,120 Trophy CLUB MUD 1 357,070 - - - - 5,869 5,928 5,987 6,047 6,107 6,169 6,230 6,293 6,355 6,419 6,483 6,548 6,614 6,680 6,746 6,814 101,289 Total 8,701,178 - - - - 117,383 118,557 119,743 120,940 122,149 123,371 124,605 125,851 127,109 128,380 129,664 130,961 132,270 133,593 134,929 136,278 2,025,783 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 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 74 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 20 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 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 PARTICIPATION REAL PROPERTY Taxable Value - - - - 4,000,000 4,040,000 4,080,400 4,121,204 4,162,416 4,204,040 4,246,081 4,288,541 4,331,427 4,374,741 4,418,489 4,462,673 4,507,300 4,552,373 4,597,897 4,643,876 PV GROSS Trophy Club 688,217 - - - - 12,445 12,569 12,695 12,822 12,950 13,080 13,211 13,343 13,476 13,611 13,747 13,885 14,023 14,164 14,305 14,448 214,775 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - - - - 6,336 6,399 6,463 6,528 6,593 6,659 6,726 6,793 6,861 6,930 6,999 7,069 7,140 7,211 7,283 7,356 109,346 Hospital District - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,038,601 - - - - 18,781 18,969 19,159 19,350 19,544 19,739 19,936 20,136 20,337 20,541 20,746 20,953 21,163 21,375 21,588 21,804 324,121 PERSONAL PROPERTY Taxable Value - - - - 400,000 404,000 408,040 412,120 416,242 420,404 424,608 428,854 433,143 437,474 441,849 446,267 450,730 455,237 459,790 464,388 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County - - - - - - - - - - - - - - - - - - - - - - Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - - - - - - - - - - - - - - - - - PV GROSS Total 389,943 - - - - - - - - - - - - - - - - - - - - - SUMMARY PV GROSS Trophy Club 1,078,159 - - - - 12,445 12,569 12,695 12,822 12,950 13,080 13,211 13,343 13,476 13,611 13,747 13,885 14,023 14,164 14,305 14,448 214,775 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - - - - 6,336 6,399 6,463 6,528 6,593 6,659 6,726 6,793 6,861 6,930 6,999 7,069 7,140 7,211 7,283 7,356 109,346 Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,428,543 - - - - 18,781 18,969 19,159 19,350 19,544 19,739 19,936 20,136 20,337 20,541 20,746 20,953 21,163 21,375 21,588 21,804 324,121 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,869,694 - - - - 10,371 10,475 10,579 10,685 10,792 10,900 11,009 11,119 11,230 11,342 11,456 11,570 11,686 11,803 11,921 12,040 178,979 Northwest ISD 3,680,724 - - - - 60,500 61,105 61,716 62,333 62,957 63,586 64,222 64,864 65,513 66,168 66,830 67,498 68,173 68,855 69,543 70,239 1,044,101 Tarrant County 356,315 - - - - 5,280 5,333 5,386 5,440 5,494 5,549 5,605 5,661 5,717 5,775 5,832 5,891 5,950 6,009 6,069 6,130 91,122 Hospital District 610,055 - - - - 10,027 10,128 10,229 10,331 10,435 10,539 10,644 10,751 10,858 10,967 11,077 11,187 11,299 11,412 11,526 11,642 173,053 TCCD 398,776 - - - - 6,555 6,620 6,686 6,753 6,821 6,889 6,958 7,028 7,098 7,169 7,240 7,313 7,386 7,460 7,534 7,610 113,120 Trophy CLUB MUD 1 357,070 - - - - 5,869 5,928 5,987 6,047 6,107 6,169 6,230 6,293 6,355 6,419 6,483 6,548 6,614 6,680 6,746 6,814 101,289 Total 7,272,635 - - - - 98,602 99,588 100,584 101,590 102,606 103,632 104,668 105,715 106,772 107,840 108,918 110,007 111,107 112,218 113,341 114,474 1,701,663 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 75 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 21 ►INPUT INFLATION RATE 1.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.51854300 60%0.3111258 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 60%0.1584000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.4695258 PERSONAL PROPERTY TAX Trophy Club 0.51854300 0%0.0000000 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 0%0.0000000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.0000000 Sales Tax Rate 0.0100000 25.00%0.0025000 Block D AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Holiday Inn 2016 80,000 110.00$ 8,800,000$ 30.00$ 2,400,000$ 3.60$ 276,000$ TOTAL 80,000 8,800,000 2,400,000 276,000 ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 20.2%1,266,069$ =949,638$ +258,992$ +57,438$ Northwest ISD 51.1%3,204,878$ =2,518,118$ +686,760$ +-$ Tarrant County 9.8%615,337$ =483,479$ +131,858$ +-$ Hospital District 8.5%531,187$ =417,361$ +113,826$ +-$ TCCD 5.5%347,222$ =272,818$ +74,405$ +-$ Trophy CLUB MUD 1 5.0%310,908$ =244,285$ +66,623$ +-$ 100.0%6,275,600 4,885,699$ 1,332,463$ 57,438$ 100.0%77.9%21.2%0.9% TOTAL PARTICIPATION TOTAL Trophy Club 66.8%584,142$ =569,783$ +-$ +14,360$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Tarrant County 33.2%290,087$ =290,087$ +-$ +-$ Hospital District 0.0%-$ =-$ +-$ +-$ TCCD 0.0%-$ =-$ +-$ +-$ Trophy CLUB MUD 1 0.0%-$ =-$+-$+-$ 100.0%874,230$ 859,870$ -$ 14,360$ 100.0%98.4%0.0%1.6% NET BENEFIT TOTAL Trophy Club 12.6%681,926$ =379,855$ +258,992$ +43,079$ Northwest ISD 59.3%3,204,878$ =2,518,118$ +686,760$ +-$ Tarrant County 6.0%325,249$ =193,391$ +131,858$ +-$ Hospital District 9.8%531,187$ =417,361$ +113,826$ +-$ TCCD 6.4%347,222$ =272,818$ +74,405$ +-$ Trophy CLUB MUD 1 5.8%310,908$ =244,285$+66,623$ +-$ 100.0%5,401,371$ 4,025,829$ 1,332,463$ 43,079$ 100.0%74.5%24.7%0.8% REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY REAL PROPERTY PERSONAL PROPERTY SALES PERSONAL PROPERTY SALES 20 YEAR - BLOCK D : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 76 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 22 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 % OCCUPIED 0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% REAL PROPERTY Taxable Value - 8,800,000 8,888,000 8,976,880 9,066,649 9,157,315 9,248,888 9,341,377 9,434,791 9,529,139 9,624,430 9,720,675 9,817,881 9,916,060 10,015,221 10,115,373 10,216,527 10,318,692 10,421,879 10,526,098 PV GROSS Trophy Club 1,147,028 - 45,632 46,088 46,549 47,014 47,485 47,959 48,439 48,923 49,413 49,907 50,406 50,910 51,419 51,933 52,453 52,977 53,507 54,042 54,582 949,638 Northwest ISD 3,041,528 - 121,000 122,210 123,432 124,666 125,913 127,172 128,444 129,728 131,026 132,336 133,659 134,996 136,346 137,709 139,086 140,477 141,882 143,301 144,734 2,518,118 Tarrant County 583,973 - 23,232 23,464 23,699 23,936 24,175 24,417 24,661 24,908 25,157 25,408 25,663 25,919 26,178 26,440 26,705 26,972 27,241 27,514 27,789 483,479 Hospital District 504,113 - 20,055 20,255 20,458 20,663 20,869 21,078 21,289 21,502 21,717 21,934 22,153 22,375 22,598 22,824 23,053 23,283 23,516 23,751 23,989 417,361 TCCD 329,525 - 13,109 13,240 13,373 13,507 13,642 13,778 13,916 14,055 14,196 14,338 14,481 14,626 14,772 14,920 15,069 15,220 15,372 15,525 15,681 272,818 Trophy CLUB MUD 1 295,061 - 11,738 11,856 11,974 12,094 12,215 12,337 12,460 12,585 12,711 12,838 12,966 13,096 13,227 13,359 13,493 13,628 13,764 13,902 14,041 244,285 Total 5,901,228 - 234,766 237,114 239,485 241,880 244,299 246,742 249,209 251,701 254,218 256,761 259,328 261,921 264,541 267,186 269,858 272,557 275,282 278,035 280,815 4,885,699 % OCCUPIED 0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% PERSONAL PROPERTY Taxable Value 2,400,000 2,424,000 2,448,240 2,472,722 2,497,450 2,522,424 2,547,648 2,573,125 2,598,856 2,624,845 2,651,093 2,677,604 2,704,380 2,731,424 2,758,738 2,786,325 2,814,189 2,842,331 2,870,754 PV GROSS Trophy Club 241,055 - 12,445 12,569 12,695 12,822 12,950 13,080 13,211 13,343 13,476 13,611 13,747 13,885 14,023 14,164 14,305 14,448 14,593 14,739 14,886 258,992 Northwest ISD 639,196 - 33,000 33,330 33,663 34,000 34,340 34,683 35,030 35,380 35,734 36,092 36,453 36,817 37,185 37,557 37,933 38,312 38,695 39,082 39,473 686,760 Tarrant County 122,726 - 6,336 6,399 6,463 6,528 6,593 6,659 6,726 6,793 6,861 6,930 6,999 7,069 7,140 7,211 7,283 7,356 7,429 7,504 7,579 131,858 Hospital District 105,942 - 5,470 5,524 5,579 5,635 5,692 5,749 5,806 5,864 5,923 5,982 6,042 6,102 6,163 6,225 6,287 6,350 6,413 6,478 6,542 113,826 TCCD 69,252 - 3,575 3,611 3,647 3,684 3,720 3,758 3,795 3,833 3,872 3,910 3,949 3,989 4,029 4,069 4,110 4,151 4,192 4,234 4,277 74,405 Trophy CLUB MUD 1 62,009 - 3,201 3,233 3,266 3,298 3,331 3,365 3,398 3,432 3,467 3,501 3,536 3,572 3,607 3,643 3,680 3,717 3,754 3,791 3,829 66,623 Total 1,240,179 - 64,027 64,667 65,314 65,967 66,627 67,293 67,966 68,646 69,332 70,026 70,726 71,433 72,147 72,869 73,598 74,334 75,077 75,828 76,586 1,332,463 % OCCUPIED 0%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% SALES TAX Taxable Value 276,000 278,760 281,548 284,363 287,207 290,079 292,980 295,909 298,868 301,857 304,876 307,924 311,004 314,114 317,255 320,427 323,632 326,868 330,137 PV GROSS Total 1,559,771 - 2,760 2,788 2,815 2,844 2,872 2,901 2,930 2,959 2,989 3,019 3,049 3,079 3,110 3,141 3,173 3,204 3,236 3,269 3,301 57,438 SUMMARY PV GROSS Trophy Club 2,947,853 - 60,837 61,445 62,060 62,680 63,307 63,940 64,580 65,225 65,878 66,536 67,202 67,874 68,552 69,238 69,930 70,630 71,336 72,049 72,770 1,266,069 Northwest ISD 3,680,724 - 154,000 155,540 157,095 158,666 160,253 161,856 163,474 165,109 166,760 168,428 170,112 171,813 173,531 175,266 177,019 178,789 180,577 182,383 184,207 3,204,878 Tarrant County 706,699 - 29,568 29,864 30,162 30,464 30,769 31,076 31,387 31,701 32,018 32,338 32,661 32,988 33,318 33,651 33,988 34,328 34,671 35,018 35,368 615,337 Hospital District 610,055 - 25,524 25,780 26,038 26,298 26,561 26,826 27,095 27,366 27,639 27,916 28,195 28,477 28,762 29,049 29,340 29,633 29,929 30,229 30,531 531,187 TCCD 398,776 - 16,685 16,851 17,020 17,190 17,362 17,536 17,711 17,888 18,067 18,248 18,430 18,615 18,801 18,989 19,179 19,370 19,564 19,760 19,957 347,222 Trophy CLUB MUD 1 357,070 - 14,940 15,089 15,240 15,392 15,546 15,702 15,859 16,017 16,178 16,339 16,503 16,668 16,834 17,003 17,173 17,345 17,518 17,693 17,870 310,908 Total 8,701,178 - 301,554 304,569 307,615 310,691 313,798 316,936 320,105 323,306 326,539 329,805 333,103 336,434 339,798 343,196 346,628 350,094 353,595 357,131 360,703 6,275,600 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 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 77 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 23 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 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 PARTICIPATION REAL PROPERTY Taxable Value - 8,800,000 8,888,000 8,976,880 9,066,649 9,157,315 9,248,888 9,341,377 9,434,791 9,529,139 9,624,430 9,720,675 9,817,881 9,916,060 10,015,221 10,115,373 10,216,527 10,318,692 10,421,879 10,526,098 PV GROSS Trophy Club 688,217 - 27,379 27,653 27,929 28,209 28,491 28,776 29,063 29,354 29,648 29,944 30,244 30,546 30,851 31,160 31,472 31,786 32,104 32,425 32,749 569,783 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - 13,939 14,079 14,219 14,362 14,505 14,650 14,797 14,945 15,094 15,245 15,398 15,552 15,707 15,864 16,023 16,183 16,345 16,508 16,673 290,087 Hospital District - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,038,601 - 41,318 41,731 42,149 42,570 42,996 43,426 43,860 44,299 44,742 45,189 45,641 46,097 46,558 47,024 47,494 47,969 48,449 48,933 49,423 859,870 PERSONAL PROPERTY Taxable Value - 2,400,000 2,424,000 2,448,240 2,472,722 2,497,450 2,522,424 2,547,648 2,573,125 2,598,856 2,624,845 2,651,093 2,677,604 2,704,380 2,731,424 2,758,738 2,786,325 2,814,189 2,842,331 2,870,754 PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County - - - - - - - - - - - - - - - - - - - - - - Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - 276,000 278,760 281,548 284,363 287,207 290,079 292,980 295,909 298,868 301,857 304,876 307,924 311,004 314,114 317,255 320,427 323,632 326,868 330,137 PV GROSS Total 389,943 - 690 697 704 711 718 725 732 740 747 755 762 770 778 785 793 801 809 817 825 14,360 SUMMARY PV GROSS Trophy Club 1,078,159 - 28,069 28,350 28,633 28,920 29,209 29,501 29,796 30,094 30,395 30,699 31,006 31,316 31,629 31,945 32,265 32,587 32,913 33,242 33,575 584,142 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - 13,939 14,079 14,219 14,362 14,505 14,650 14,797 14,945 15,094 15,245 15,398 15,552 15,707 15,864 16,023 16,183 16,345 16,508 16,673 290,087 Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,428,543 - 42,008 42,428 42,853 43,281 43,714 44,151 44,593 45,039 45,489 45,944 46,403 46,867 47,336 47,809 48,287 48,770 49,258 49,751 50,248 874,230 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,869,694 - 32,768 33,095 33,426 33,761 34,098 34,439 34,784 35,131 35,483 35,838 36,196 36,558 36,924 37,293 37,666 38,042 38,423 38,807 39,195 681,926 Northwest ISD 3,680,724 - 154,000 155,540 157,095 158,666 160,253 161,856 163,474 165,109 166,760 168,428 170,112 171,813 173,531 175,266 177,019 178,789 180,577 182,383 184,207 3,204,878 Tarrant County 356,315 - 15,629 15,785 15,943 16,102 16,263 16,426 16,590 16,756 16,924 17,093 17,264 17,437 17,611 17,787 17,965 18,145 18,326 18,509 18,694 325,249 Hospital District 610,055 - 25,524 25,780 26,038 26,298 26,561 26,826 27,095 27,366 27,639 27,916 28,195 28,477 28,762 29,049 29,340 29,633 29,929 30,229 30,531 531,187 TCCD 398,776 - 16,685 16,851 17,020 17,190 17,362 17,536 17,711 17,888 18,067 18,248 18,430 18,615 18,801 18,989 19,179 19,370 19,564 19,760 19,957 347,222 Trophy CLUB MUD 1 357,070 - 14,940 15,089 15,240 15,392 15,546 15,702 15,859 16,017 16,178 16,339 16,503 16,668 16,834 17,003 17,173 17,345 17,518 17,693 17,870 310,908 Total 7,272,635 - 259,545 262,141 264,762 267,410 270,084 272,785 275,513 278,268 281,050 283,861 286,700 289,567 292,462 295,387 298,341 301,324 304,337 307,381 310,454 5,401,371 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 78 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 24 ►INPUT INFLATION RATE 1.00% DISCOUNT RATE 6.00% REAL PROPERTY TAX Trophy Club 0.51854300 60%0.3111258 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 60%0.1584000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.4695258 PERSONAL PROPERTY TAX Trophy Club 0.51854300 0%0.0000000 Northwest ISD 1.37500000 0%0.0000000 Tarrant County 0.26400000 0%0.0000000 Hospital District 0.22789700 0%0.0000000 TCCD 0.14897000 0%0.0000000 Trophy CLUB MUD 1 0.13339000 0%0.0000000 2.66780000 0.0000000 Sales Tax Rate 0.0100000 25.00%0.0025000 Block E AREA Year SF/UNITS $ / SF TAX VALUE $ / SF TAX VALUE $ / SF TAX VALUE Residential 2015 35 250,000.00$ 8,750,000$ -$ -$ -$ -$ TOTAL 35 8,750,000 - - ►OUTPUT TOTAL TAX REVENUE TOTAL Trophy Club 19.4%881,154$ =881,154$ +-$ +-$ Northwest ISD 51.5%2,336,522$ =2,336,522$ +-$ +-$ Tarrant County 9.9%448,612$ =448,612$ +-$ +-$ Hospital District 8.5%387,263$ =387,263$ +-$ +-$ TCCD 5.6%253,143$ =253,143$ +-$ +-$ Trophy CLUB MUD 1 5.0%226,668$ =226,668$ +-$ +-$ 100.0%4,533,363 4,533,363$ -$ -$ 100.0%100.0%0.0%0.0% TOTAL PARTICIPATION TOTAL Trophy Club 66.3%528,693$ =528,693$ +-$ +-$ Northwest ISD 0.0%-$ =-$ +-$ +-$ Tarrant County 33.7%269,167$ =269,167$ +-$ +-$ Hospital District 0.0%-$ =-$ +-$ +-$ TCCD 0.0%-$ =-$ +-$ +-$ Trophy CLUB MUD 1 0.0%-$ =-$+-$+-$ 100.0%797,860$ 797,860$ -$ -$ 100.0%100.0%0.0%0.0% NET BENEFIT TOTAL Trophy Club 9.4%352,462$ =352,462$ +-$ +-$ Northwest ISD 62.5%2,336,522$ =2,336,522$ +-$ +-$ Tarrant County 4.8%179,445$ =179,445$ +-$ +-$ Hospital District 10.4%387,263$ =387,263$ +-$ +-$ TCCD 6.8%253,143$ =253,143$ +-$ +-$ Trophy CLUB MUD 1 6.1%226,668$ =226,668$+-$+-$ 100.0%3,735,503$ 3,735,503$ -$ -$ 100.0%100.0%0.0%0.0% 20 YEAR - BLOCK E : INPUT & OUTPUT PARTICIPATION PARTICIPATION REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES REAL PROPERTY PERSONAL PROPERTY SALES Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 79 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 25 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL TAX REVENUE 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 % OCCUPIED 0%33%66%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% REAL PROPERTY Taxable Value - 2,887,500 5,775,000 8,750,000 8,837,500 8,925,875 9,015,134 9,105,285 9,196,338 9,288,301 9,381,184 9,474,996 9,569,746 9,665,444 9,762,098 9,859,719 9,958,316 10,057,899 10,158,478 10,260,063 PV GROSS Trophy Club 1,147,028 - 14,973 29,946 45,373 45,826 46,285 46,747 47,215 47,687 48,164 48,645 49,132 49,623 50,119 50,621 51,127 51,638 52,155 52,676 53,203 881,154 Northwest ISD 3,041,528 - 39,703 79,406 120,313 121,516 122,731 123,958 125,198 126,450 127,714 128,991 130,281 131,584 132,900 134,229 135,571 136,927 138,296 139,679 141,076 2,336,522 Tarrant County 583,973 - 7,623 15,246 23,100 23,331 23,564 23,800 24,038 24,278 24,521 24,766 25,014 25,264 25,517 25,772 26,030 26,290 26,553 26,818 27,087 448,612 Hospital District 504,113 - 6,581 13,161 19,941 20,140 20,342 20,545 20,751 20,958 21,168 21,379 21,593 21,809 22,027 22,248 22,470 22,695 22,922 23,151 23,382 387,263 TCCD 329,525 - 4,302 8,603 13,035 13,165 13,297 13,430 13,564 13,700 13,837 13,975 14,115 14,256 14,399 14,543 14,688 14,835 14,983 15,133 15,284 253,143 Trophy CLUB MUD 1 295,061 - 3,852 7,703 11,672 11,788 11,906 12,025 12,146 12,267 12,390 12,514 12,639 12,765 12,893 13,022 13,152 13,283 13,416 13,550 13,686 226,668 Total 5,901,228 - 77,033 154,065 233,433 235,767 238,124 240,506 242,911 245,340 247,793 250,271 252,774 255,302 257,855 260,433 263,038 265,668 268,325 271,008 273,718 4,533,363 % OCCUPIED 0%33%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% PERSONAL PROPERTY Taxable Value - - - - - - - - - - - - - - - - - - - PV GROSS Trophy Club 241,055 - - - - - - - - - - - - - - - - - - - - - Northwest ISD 639,196 - - - - - - - - - - - - - - - - - - - - - Tarrant County 122,726 - - - - - - - - - - - - - - - - - - - - - Hospital District 105,942 - - ------- -------- - - - - TCCD 69,252 - - ------- -------- - - - - Trophy CLUB MUD 1 62,009 - - - - - - - - - - - - - - - - - - - - - Total 1,240,179 - - - - - - - - - - - - - - - - - - - - - % OCCUPIED 0%33%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% SALES TAX Taxable Value - - - - - - - - - - - - - - - - - - - PV GROSS Total 1,559,771 - - - - - - - - - - - - - - - - - - - - - SUMMARY PV GROSS Trophy Club 2,947,853 - 14,973 29,946 45,373 45,826 46,285 46,747 47,215 47,687 48,164 48,645 49,132 49,623 50,119 50,621 51,127 51,638 52,155 52,676 53,203 881,154 Northwest ISD 3,680,724 - 39,703 79,406 120,313 121,516 122,731 123,958 125,198 126,450 127,714 128,991 130,281 131,584 132,900 134,229 135,571 136,927 138,296 139,679 141,076 2,336,522 Tarrant County 706,699 - 7,623 15,246 23,100 23,331 23,564 23,800 24,038 24,278 24,521 24,766 25,014 25,264 25,517 25,772 26,030 26,290 26,553 26,818 27,087 448,612 Hospital District 610,055 - 6,581 13,161 19,941 20,140 20,342 20,545 20,751 20,958 21,168 21,379 21,593 21,809 22,027 22,248 22,470 22,695 22,922 23,151 23,382 387,263 TCCD 398,776 - 4,302 8,603 13,035 13,165 13,297 13,430 13,564 13,700 13,837 13,975 14,115 14,256 14,399 14,543 14,688 14,835 14,983 15,133 15,284 253,143 Trophy CLUB MUD 1 357,070 - 3,852 7,703 11,672 11,788 11,906 12,025 12,146 12,267 12,390 12,514 12,639 12,765 12,893 13,022 13,152 13,283 13,416 13,550 13,686 226,668 Total 8,701,178 - 77,033 154,065 233,433 235,767 238,124 240,506 242,911 245,340 247,793 250,271 252,774 255,302 257,855 260,433 263,038 265,668 268,325 271,008 273,718 4,533,363 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 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 80 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 26 Calendar Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 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 PARTICIPATION REAL PROPERTY Taxable Value - 2,887,500 5,775,000 8,750,000 8,837,500 8,925,875 9,015,134 9,105,285 9,196,338 9,288,301 9,381,184 9,474,996 9,569,746 9,665,444 9,762,098 9,859,719 9,958,316 10,057,899 10,158,478 10,260,063 PV GROSS Trophy Club 688,217 - 8,984 17,968 27,224 27,496 27,771 28,048 28,329 28,612 28,898 29,187 29,479 29,774 30,072 30,372 30,676 30,983 31,293 31,606 31,922 528,693 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - 4,574 9,148 13,860 13,999 14,139 14,280 14,423 14,567 14,713 14,860 15,008 15,158 15,310 15,463 15,618 15,774 15,932 16,091 16,252 269,167 Hospital District - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,038,601 - 13,558 27,115 41,084 41,494 41,909 42,328 42,752 43,179 43,611 44,047 44,488 44,932 45,382 45,836 46,294 46,757 47,224 47,697 48,174 797,860 PERSONAL PROPERTY Taxable Value - - - - - - - - - - - - - - - - - - - - PV GROSS Trophy Club - - - - - - - - - - - - - - - - - - - - - - Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County - - - - - - - - - - - - - - - - - - - - - - Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total - - - - - - - - - - - - - - - - - - - - - - SALES TAX Taxable Value - - - - - - - - - - - - - - - - - - - - PV GROSS Total 389,943 - - - - - - - - - - - - - - - - - - - - - SUMMARY PV GROSS Trophy Club 1,078,159 - 8,984 17,968 27,224 27,496 27,771 28,048 28,329 28,612 28,898 29,187 29,479 29,774 30,072 30,372 30,676 30,983 31,293 31,606 31,922 528,693 Northwest ISD - - - - - - - - - - - - - - - - - - - - - - Tarrant County 350,384 - 4,574 9,148 13,860 13,999 14,139 14,280 14,423 14,567 14,713 14,860 15,008 15,158 15,310 15,463 15,618 15,774 15,932 16,091 16,252 269,167 Hospital District - - - - - - - - - - - - - - - - - - - - - - TCCD - - - - - - - - - - - - - - - - - - - - - - Trophy CLUB MUD 1 - - - - - - - - - - - - - - - - - - - - - - Total 1,428,543 - 13,558 27,115 41,084 41,494 41,909 42,328 42,752 43,179 43,611 44,047 44,488 44,932 45,382 45,836 46,294 46,757 47,224 47,697 48,174 797,860 TOTAL TAX REVENUE - PARTICIPATION = NET BENEFIT SUMMARY PV GROSS Trophy Club 1,869,694 - 5,989 11,978 18,149 18,330 18,514 18,699 18,886 19,075 19,266 19,458 19,653 19,849 20,048 20,248 20,451 20,655 20,862 21,070 21,281 352,462 Northwest ISD 3,680,724 - 39,703 79,406 120,313 121,516 122,731 123,958 125,198 126,450 127,714 128,991 130,281 131,584 132,900 134,229 135,571 136,927 138,296 139,679 141,076 2,336,522 Tarrant County 356,315 - 3,049 6,098 9,240 9,332 9,426 9,520 9,615 9,711 9,808 9,907 10,006 10,106 10,207 10,309 10,412 10,516 10,621 10,727 10,835 179,445 Hospital District 610,055 - 6,581 13,161 19,941 20,140 20,342 20,545 20,751 20,958 21,168 21,379 21,593 21,809 22,027 22,248 22,470 22,695 22,922 23,151 23,382 387,263 TCCD 398,776 - 4,302 8,603 13,035 13,165 13,297 13,430 13,564 13,700 13,837 13,975 14,115 14,256 14,399 14,543 14,688 14,835 14,983 15,133 15,284 253,143 Trophy CLUB MUD 1 357,070 - 3,852 7,703 11,672 11,788 11,906 12,025 12,146 12,267 12,390 12,514 12,639 12,765 12,893 13,022 13,152 13,283 13,416 13,550 13,686 226,668 Total 7,272,635 - 63,475 126,950 192,349 194,272 196,215 198,177 200,159 202,161 204,182 206,224 208,286 210,369 212,473 214,598 216,744 218,911 221,100 223,311 225,544 3,735,503 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 81 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 27 TAXABLE BASE YEAR GROWTH 1% DISCOUNT RATE 6% Trophy Club 0.5185430 100% 0.5185430 Trophy Club 0.5185430 100% 0.5185430 Northwest ISD 1.3750000 100% 1.3750000 Northwest ISD 1.3750000 100% 1.3750000 Tarrant County 0.2640000 100% 0.2640000 Tarrant County 0.2640000 100% 0.2640000 Hospital District 0.2278970 100% 0.2278970 Hospital District 0.2278970 100% 0.2278970 TCCD 0.1489700 100% 0.1489700 TCCD 0.1489700 100% 0.1489700 Trophy CLUB MUD 1 0.1333900 100% 0.1333900 Trophy CLUB MUD 1 0.1333900 100% 0.1333900 2.6678000 2.6678000 2.6678000 2.6678000 BASE YEAR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 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 TOTALS BASE YEAR Trophy Club 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Northwest ISD 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Tarrant County 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Hospital District 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 TCCD 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 Trophy CLUB MUD 1 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 8,872,521 TAXABLE VALUE Trophy Club 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Northwest ISD 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Tarrant County 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Hospital District 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 TCCD 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 Trophy CLUB MUD 1 8,961,246 9,050,859 9,141,367 9,232,781 9,325,109 9,418,360 9,512,543 9,607,669 9,703,746 9,800,783 9,898,791 9,997,779 10,097,757 10,198,734 10,300,721 10,403,729 10,507,766 10,612,844 10,718,972 10,826,162 TAXABLE VALUE INCREMENT Trophy Club 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Northwest ISD 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Tarrant County 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Hospital District 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 TCCD 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 Trophy CLUB MUD 1 88,725 178,338 268,846 360,260 452,588 545,839 640,022 735,148 831,225 928,262 1,026,270 1,125,258 1,225,236 1,326,213 1,428,200 1,531,208 1,635,245 1,740,323 1,846,451 1,953,641 REVENUE A TAXABLE VALUE GROWTH Trophy Club 460 925 1,394 1,868 2,347 2,830 3,319 3,812 4,310 4,813 5,322 5,835 6,353 6,877 7,406 7,940 8,479 9,024 9,575 10,130 103,020 Trophy Club Northwest ISD 1,220 2,452 3,697 4,954 6,223 7,505 8,800 10,108 11,429 12,764 14,111 15,472 16,847 18,235 19,638 21,054 22,485 23,929 25,389 26,863 273,175 Northwest ISD Tarrant County 234 471 710 951 1,195 1,441 1,690 1,941 2,194 2,451 2,709 2,971 3,235 3,501 3,770 4,042 4,317 4,594 4,875 5,158 52,450 Tarrant County Hospital District 202 406 613 821 1,031 1,244 1,459 1,675 1,894 2,115 2,339 2,564 2,792 3,022 3,255 3,490 3,727 3,966 4,208 4,452 45,277 Hospital District TCCD 132 266 401 537 674 813 953 1,095 1,238 1,383 1,529 1,676 1,825 1,976 2,128 2,281 2,436 2,593 2,751 2,910 29,596 TCCD Trophy CLUB MUD 1 118 238 359 481 604 728 854 981 1,109 1,238 1,369 1,501 1,634 1,769 1,905 2,042 2,181 2,321 2,463 2,606 26,501 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL A 247,297 2,367 4,758 7,172 9,611 12,074 14,562 17,075 19,612 22,175 24,764 27,379 30,020 32,687 35,381 38,102 40,850 43,625 46,428 49,260 52,119 530,020 REVENUE #1 - BLOCK A REAL PROPERTY TAX 5,830,000 5,888,300 17,418,300 20,818,300 21,026,483 21,236,748 21,449,115 21,663,606 21,880,243 22,099,045 22,320,035 22,543,236 22,768,668 22,996,355 23,226,318 23,458,582 23,693,167 23,930,099 24,169,400 24,411,094 BUSINESS PERSONAL PROPERTY 1,590,000 1,605,900 3,993,900 4,273,900 4,316,639 4,359,805 4,403,403 4,447,437 4,491,912 4,536,831 4,582,199 4,628,021 4,674,301 4,721,045 4,768,255 4,815,937 4,864,097 4,912,738 4,961,865 5,011,484 Trophy Club 38,476 38,861 111,031 130,114 131,415 132,729 134,056 135,397 136,751 138,118 139,500 140,895 142,304 143,727 145,164 146,616 148,082 149,563 151,058 152,569 2,586,424 Trophy Club Northwest ISD 102,025 103,045 294,418 345,018 348,468 351,953 355,472 359,027 362,617 366,243 369,906 373,605 377,341 381,114 384,925 388,775 392,662 396,589 400,555 404,560 6,858,318 Northwest ISD Tarrant County 19,589 19,785 56,528 66,243 66,906 67,575 68,251 68,933 69,622 70,319 71,022 71,732 72,449 73,174 73,906 74,645 75,391 76,145 76,907 77,676 1,316,797 Tarrant County Hospital District 16,910 17,079 48,798 57,184 57,756 58,334 58,917 59,506 60,101 60,702 61,309 61,922 62,542 63,167 63,799 64,437 65,081 65,732 66,389 67,053 1,136,720 Hospital District TCCD 11,054 11,164 31,898 37,380 37,754 38,131 38,512 38,898 39,287 39,679 40,076 40,477 40,882 41,291 41,704 42,121 42,542 42,967 43,397 43,831 743,043 TCCD Trophy CLUB MUD 1 9,898 9,997 28,562 33,470 33,805 34,143 34,485 34,830 35,178 35,530 35,885 36,244 36,606 36,972 37,342 37,715 38,093 38,473 38,858 39,247 665,332 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #1 7,141,407 197,951 199,930 571,235 669,410 676,104 682,865 689,693 696,590 703,556 710,592 717,698 724,875 732,124 739,445 746,839 754,308 761,851 769,469 777,164 784,936 13,306,633 REVENUE #2 - BLOCK B REAL PROPERTY TAX 0 2,500,000 2,525,000 2,550,250 7,500,000 7,575,000 7,650,750 7,727,258 7,804,530 7,882,575 7,961,401 8,041,015 8,121,425 8,202,640 8,284,666 8,367,513 8,451,188 8,535,700 8,621,057 8,707,267 BUSINESS PERSONAL PROPERTY 0 300,000 303,000 306,030 900,000 909,000 918,090 927,271 936,544 945,909 955,368 964,922 974,571 984,317 994,160 1,004,102 1,014,143 1,024,284 1,034,527 1,044,872 Trophy Club 0 14,519 14,664 14,811 43,558 43,993 44,433 44,877 45,326 45,779 46,237 46,700 47,167 47,638 48,115 48,596 49,082 49,573 50,068 50,569 795,706 Trophy Club Northwest ISD 0 38,500 38,885 39,274 115,500 116,655 117,822 119,000 120,190 121,392 122,606 123,832 125,070 126,321 127,584 128,860 130,148 131,450 132,764 134,092 2,109,942 Northwest ISD Tarrant County 0 7,392 7,466 7,541 22,176 22,398 22,622 22,848 23,076 23,307 23,540 23,776 24,013 24,254 24,496 24,741 24,988 25,238 25,491 25,746 405,109 Tarrant County Hospital District 0 6,381 6,445 6,509 19,143 19,335 19,528 19,723 19,921 20,120 20,321 20,524 20,730 20,937 21,146 21,358 21,571 21,787 22,005 22,225 349,709 Hospital District TCCD 0 4,171 4,213 4,255 12,513 12,639 12,765 12,893 13,022 13,152 13,283 13,416 13,550 13,686 13,823 13,961 14,101 14,242 14,384 14,528 228,595 TCCD Trophy CLUB MUD 1 0 3,735 3,772 3,810 11,205 11,317 11,430 11,544 11,660 11,776 11,894 12,013 12,133 12,254 12,377 12,501 12,626 12,752 12,880 13,008 204,687 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #2 2,101,618 0 74,698 75,445 76,200 224,095 226,336 228,600 230,886 233,194 235,526 237,882 240,260 242,663 245,090 247,541 250,016 252,516 255,041 257,592 260,168 4,093,748 20 YEAR - TOTAL REVENUE GENERATED OVERVIEW REAL PROPERTY TAX BUSINESS PERSONAL PROPERTY TAX Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 82 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 28 REVENUE #3 - BLOCK C REAL PROPERTY TAX 0 0 0 0 4,000,000 4,040,000 4,080,400 4,121,204 4,162,416 4,204,040 4,246,081 4,288,541 4,331,427 4,374,741 4,418,489 4,462,673 4,507,300 4,552,373 4,597,897 4,643,876 BUSINESS PERSONAL PROPERTY 0 0 0 0 400,000 404,000 408,040 412,120 416,242 420,404 424,608 428,854 433,143 437,474 441,849 446,267 450,730 455,237 459,790 464,388 Trophy Club 0 0 0 0 22,816 23,044 23,274 23,507 23,742 23,980 24,220 24,462 24,706 24,953 25,203 25,455 25,710 25,967 26,226 26,489 393,754 Trophy Club Northwest ISD 0 0 0 0 60,500 61,105 61,716 62,333 62,957 63,586 64,222 64,864 65,513 66,168 66,830 67,498 68,173 68,855 69,543 70,239 1,044,101 Northwest ISD Tarrant County 0 0 0 0 11,616 11,732 11,849 11,968 12,088 12,209 12,331 12,454 12,578 12,704 12,831 12,960 13,089 13,220 13,352 13,486 200,467 Tarrant County Hospital District 0 0 0 0 10,027 10,128 10,229 10,331 10,435 10,539 10,644 10,751 10,858 10,967 11,077 11,187 11,299 11,412 11,526 11,642 173,053 Hospital District TCCD 0 0 0 0 6,555 6,620 6,686 6,753 6,821 6,889 6,958 7,028 7,098 7,169 7,240 7,313 7,386 7,460 7,534 7,610 113,120 TCCD Trophy CLUB MUD 1 0 0 0 0 5,869 5,928 5,987 6,047 6,107 6,169 6,230 6,293 6,355 6,419 6,483 6,548 6,614 6,680 6,746 6,814 101,289 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #3 1,001,227 0 0 0 0 117,383 118,557 119,743 120,940 122,149 123,371 124,605 125,851 127,109 128,380 129,664 130,961 132,270 133,593 134,929 136,278 2,025,783 REVENUE #4 - BLOCK D REAL PROPERTY TAX 0 8,800,000 8,888,000 8,976,880 9,066,649 9,157,315 9,248,888 9,341,377 9,434,791 9,529,139 9,624,430 9,720,675 9,817,881 9,916,060 10,015,221 10,115,373 10,216,527 10,318,692 10,421,879 10,526,098 BUSINESS PERSONAL PROPERTY 0 2,400,000 2,424,000 2,448,240 2,472,722 2,497,450 2,522,424 2,547,648 2,573,125 2,598,856 2,624,845 2,651,093 2,677,604 2,704,380 2,731,424 2,758,738 2,786,325 2,814,189 2,842,331 2,870,754 Trophy Club 0 58,077 58,658 59,244 59,837 60,435 61,039 61,650 62,266 62,889 63,518 64,153 64,794 65,442 66,097 66,758 67,425 68,100 68,781 69,468 1,208,631 Trophy Club Northwest ISD 0 154,000 155,540 157,095 158,666 160,253 161,856 163,474 165,109 166,760 168,428 170,112 171,813 173,531 175,266 177,019 178,789 180,577 182,383 184,207 3,204,878 Northwest ISD Tarrant County 0 29,568 29,864 30,162 30,464 30,769 31,076 31,387 31,701 32,018 32,338 32,661 32,988 33,318 33,651 33,988 34,328 34,671 35,018 35,368 615,337 Tarrant County Hospital District 0 25,524 25,780 26,038 26,298 26,561 26,826 27,095 27,366 27,639 27,916 28,195 28,477 28,762 29,049 29,340 29,633 29,929 30,229 30,531 531,187 Hospital District TCCD 0 87 87 88 89 90 91 92 93 94 95 96 97 97 98 99 100 101 102 103 1,800 TCCD Trophy CLUB MUD 1 0 14,940 15,089 15,240 15,392 15,546 15,702 15,859 16,017 16,178 16,339 16,503 16,668 16,834 17,003 17,173 17,345 17,518 17,693 17,870 310,908 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #4 3,198,416 0 282,195 285,017 287,868 290,746 293,654 296,590 299,556 302,552 305,577 308,633 311,719 314,837 317,985 321,165 324,376 327,620 330,896 334,205 337,547 5,872,740 REVENUE #5 - BLOCK E REAL PROPERTY TAX 0 2,887,500 5,775,000 8,750,000 8,837,500 8,925,875 9,015,134 9,105,285 9,196,338 9,288,301 9,381,184 9,474,996 9,569,746 9,665,444 9,762,098 9,859,719 9,958,316 10,057,899 10,158,478 10,260,063 BUSINESS PERSONAL PROPERTY 00000000000000000000 Trophy Club 0 14,973 29,946 45,373 45,826 46,285 46,747 47,215 47,687 48,164 48,645 49,132 49,623 50,119 50,621 51,127 51,638 52,155 52,676 53,203 881,154 Trophy Club Northwest ISD 0 39,703 79,406 120,313 121,516 122,731 123,958 125,198 126,450 127,714 128,991 130,281 131,584 132,900 134,229 135,571 136,927 138,296 139,679 141,076 2,336,522 Northwest ISD Tarrant County 0 7,623 15,246 23,100 23,331 23,564 23,800 24,038 24,278 24,521 24,766 25,014 25,264 25,517 25,772 26,030 26,290 26,553 26,818 27,087 448,612 Tarrant County Hospital District 0 6,581 13,161 19,941 20,140 20,342 20,545 20,751 20,958 21,168 21,379 21,593 21,809 22,027 22,248 22,470 22,695 22,922 23,151 23,382 387,263 Hospital District TCCD 0 4,302 8,603 13,035 13,165 13,297 13,430 13,564 13,700 13,837 13,975 14,115 14,256 14,399 14,543 14,688 14,835 14,983 15,133 15,284 253,143 TCCD Trophy CLUB MUD 1 0 3,852 7,703 11,672 11,788 11,906 12,025 12,146 12,267 12,390 12,514 12,639 12,765 12,893 13,022 13,152 13,283 13,416 13,550 13,686 226,668 Trophy CLUB MUD 1 npv @ 6% SUBTOTAL #5 2,393,803 0 77,033 154,065 233,433 235,767 238,124 240,506 242,911 245,340 247,793 250,271 252,774 255,302 257,855 260,433 263,038 265,668 268,325 271,008 273,718 4,533,363 REVENUE #6 - SALES SALES TAX 1,900 84,420 117,448 150,475 151,980 153,500 155,035 156,585 158,151 159,733 161,330 162,943 164,573 166,219 167,881 169,560 171,255 172,968 174,697 176,444 2,977,097 Trophy Club SUBTOTAL #6 1,591,053 1,900 84,420 117,448 150,475 151,980 153,500 155,035 156,585 158,151 159,733 161,330 162,943 164,573 166,219 167,881 169,560 171,255 172,968 174,697 176,444 2,977,097 REVENUE #7 - HOT HOTEL OCCUPANCY TAX 000000000000000000000Trophy Club SUBTOTAL #7 0 000000000000000000000 REVENUE A, 1, 2, 3, 4, 5, 6, 7 202,218 723,035 1,210,383 1,426,996 1,708,150 1,727,598 1,747,241 1,767,081 1,787,118 1,807,357 1,827,797 1,848,442 1,869,294 1,890,354 1,911,624 1,933,107 1,954,805 1,976,721 1,998,855 2,021,210 33,339,385 Running Total 202,218 925,252 2,135,635 3,562,631 5,270,781 6,998,379 8,745,620 10,512,701 12,299,819 14,107,176 15,934,973 17,783,415 19,652,709 21,543,063 23,454,687 25,387,794 27,342,599 29,319,320 31,318,175 33,339,385 NET PRESENT VALUE @ 6%17,674,822 GROSS 33,339,385 261,716 753,511 1,125,983 1,202,656 1,266,557 DISTRICT BREAKDOWN 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Trophy Club 4,753,837$ 40,836 211,774 333,141 401,885 457,778 462,816 467,905 473,044 478,234 483,477 488,771 494,119 499,520 504,976 510,486 516,051 521,671 527,348 533,081 538,872 8,945,786 Northwest ISD 8,386,630$ 103,245 337,701 571,946 666,653 810,873 820,202 829,624 839,140 848,751 858,459 868,263 878,166 888,168 898,269 908,472 918,777 929,184 939,696 950,313 961,036 15,826,936 Tarrant County 1,610,233$ 19,823 64,838 109,814 127,997 155,688 157,479 159,288 161,115 162,960 164,824 166,707 168,608 170,528 172,468 174,427 176,405 178,403 180,422 182,460 184,519 3,038,772 Hospital District 1,390,028$ 17,112 55,972 94,796 110,493 134,397 135,943 137,505 139,082 140,675 142,284 143,909 145,550 147,208 148,882 150,573 152,281 154,006 155,748 157,508 159,285 2,623,208 TCCD 720,499$ 11,186 19,989 45,202 55,295 70,750 71,590 72,438 73,295 74,160 75,034 75,916 76,807 77,708 78,617 79,535 80,463 81,400 82,346 83,301 84,267 1,369,297 Trophy CLUB MUD 1 813,595$ 10,016 32,761 55,485 64,673 78,664 79,569 80,483 81,406 82,338 83,280 84,231 85,192 86,162 87,142 88,132 89,131 90,141 91,161 92,191 93,231 1,535,385 TOTALS 202,218 723,035 1,210,383 1,426,996 1,708,150 1,727,598 1,747,241 1,767,081 1,787,118 1,807,357 1,827,797 1,848,442 1,869,294 1,890,354 1,911,624 1,933,107 1,954,805 1,976,721 1,998,855 2,021,210 33,339,385 Financial Feasibility Analysis Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 83 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 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 #1 in Years: The TIRZ has a 21-year term and is scheduled to end on December 31, 2034. 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 Economic Development DAVID PETTIT Town Council - AMENDED Agenda Page 84 of 111 Meeting Date: Monday, February 3, 2014 Project and Financing Plan, TIRZ #1 30 Exhibit A ACCOUNT_NU PIDN OWNER_NAME OWNER_ADDR OWNER_CITY OWNER_ZIP SITUS_ADDR TAD_MAP EXEMPTION_STATE_USE_LEGAL_1 LEGAL_2 LEGAL_3 LAND_VALUE IMP_VALUE TOTAL_VALU LAND_ACRES LAND_SQFT 41245660 43814M B 2R 90 Highway 114 Prospect Ltd 4011 N Midland Dr Midland Tx 79707 000000 Trophy Wood Dr 2096 480 000 C2 $759,369 $0 $759,369 2.68200 116,826 40778509 A 742 1E 91 Trophy Lodging LLP 9 Village Cir Ste 500 Westlake Tx 76262 002951 State Hwy 114 2096 480 000 C2 $1,061,514 $0 $1,061,514 8.12300 353,838 40760057 43814M B 4 91 Tc Hospital Lp 5400 Dallas Pkwy Frisco Tx 75034 000150 Trophy Wood Dr 2096 480 000 C2 $1,076,345 $0 $1,076,345 4.94200 215,269 40760006 43814M A 1 91 Highway 114 Prospect Ltd 4011 N Midland Dr Midland Tx 79707 000101 Trophy Wood Dr 2096 480 000 C2 $4,875 $0 $4,875 0.01700 750 40760014 43814M A 2 91 Highway 114 Prospect Ltd 4011 N Midland Dr Midland Tx 79707 000111 Trophy Wood Dr 2096 480 000 C2 $151,047 $0 $151,047 0.53300 23,238 40760065 43814M B 5 91 Trophy Club Mun Util Dist #1 100 Municipal Dr Trophy Club Tx 76262 000161 Trophy Wood Dr 2102 480 006 C2 $0 $0 $0 0.08300 3,625 41449800 43814M A 3R2 Highway 114 Prospect Ltd 4011 N Midland Dr Midland Tx 79707 000000 Trophy Wood Dr 2096 480 000 C2 $268,132 $0 $268,132 0.94700 41,251 41449797 43814M A 3R1 91 Hydra Hotels Llc 433 Las Colinas Blvd E Ste 860 Irving Tx 75039 000525 Plaza Dr 2096 480 000 C2 $462,149 $0 $462,149 1.92900 84,027 41450426 43814M A 3R1 Hydra Hotels Llc 434 Las Colinas Blvd E Ste 860 Irving Tx 75040 2097 480 001 C3 $20,603 $3,379,501 $3,400,104 0.08600 3,746 41451600 43814M B 3R2 Shri Siddhi Vinayak Llc 207 Hillside Ln Lindsay Tx 76250 2096 480 000 C2 $795,340 $0 $795,340 2.80900 122,360 41451597 Midland Tx 79707 2096 480 000 C2 $0 $49,153 0.17400 7,56243814M B 3R1 91 Highway 114 Prospect Ltd 4011 N Midland Dr 000525 Plaza Dr 000725 Plaza Dr 000625 Plaza Dr $49,153 $4,648,527 $3,379,501 $8,028,028 Economic Development DAVID PETTIT Trophy Wood Business Center Blk B Lot 2R City Boundary Split Henry, Joseph Survey A 742 Tr 1E School Boundary Split Trophy Wood Business Center Blk B Lot 4 School Boundary Split Trophy Wood Business Center Blk A Lot 1 School Boundary Split Trophy Wood Business Center Blk A Lot 2 School Boundary Split Trophy Wood Business Center Blk B Lot 5 School Boundary Split Trophy Wood Business Center Blk A Lot 3R2 Trophy Wood Business Center Blk A Lot 3R1 School Boundary Split Trophy Wood Business Center Blk A Lot 3R2 School Boundary Split Trophy Wood Business Center Blk B Lot 3R2 Trophy Wood Business Center Blk B Lot 3R1 School Boundary Split Town Council - AMENDED Agenda Page 85 of 111 Meeting Date: Monday, February 3, 2014 TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. 2014-01 AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS APPROVING A PROJECT AND FINANCING PLAN FOR REINVESTMENT ZONE NUMBER ONE, TOWN OF TROPHY CLUB, TEXAS; MAKING VARIOUS FINDINGS RELATED TO SUCH PLAN; PROVIDING FOR SEVERABILITY; PROVIDING FOR ENGROSSMENT AND ENROLLMENT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, as authorized by Chapter 311 of the Texas Tax Code (the “Act”) and pursuant to Ordinance No. 2013-23, adopted by the Town Council of the Town of Trophy Club, Texas (the “Town Council”) on August 19, 2013, the Town created Tax Increment Reinvestment Zone Number One, Town of Trophy Club, Texas (the “Zone”); and WHEREAS, on January 27, 2014 the Board of Directors of the Zone (the “Board”) considered a preliminary project and financing plan for the Zone, and after review of the plan adopted a project and financing plan for the Zone, a copy of which is attached hereto and incorporated herein as Exhibit “A” (the “Plan”), as required by Section 311.011(a) of the Act; and WHEREAS, the Board of Directors has submitted the Plan to the Town Council for consideration and approval; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. Incorporation of Premises. 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. Section 2 Findings. The Town Council having considered the Plan submitted by the Board of Directors of the Zone, hereby makes the following findings of fact: A. The Board of Directors of the Zone duly considered and adopted the project plan and financing plan which is attached hereto as Exhibit “A” and incorporated herein for all purposes (the “Plan”). B. The Plan includes all information required by Chapter 311 of the Texas Tax Code, including without limitation, Section 311.011(b) and (c) of the Act. Town Council - AMENDED Agenda Page 86 of 111 Meeting Date: Monday, February 3, 2014 C. The Plan is feasible and conforms to the Town’s Zoning Ordinance and Comprehensive Land Use Plan. Section 3. Approval of Plan. Based upon the findings set forth in Section 2 of this Ordinance, the Town Council hereby approves the Plan. Section 4. Severability. That if any portion, section or part of a section of this Ordinance, including without limitation, the Plan which is attached hereto and incorporated herein as Exhibit “A”, 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 5. 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. Section 6. Effective Date. This ordinance shall be in full force and effect from and after its passage, as provided by the Town Charter and the laws of the State of Texas. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this the 3rd day of February, 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 - AMENDED Agenda Page 87 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-888-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding the submission of a grant application for the School Resource Program Vehicle for fiscal year 2014-2015; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Attachments:Staff Report - School Resource Program vehicle for fiscal year 2014-15.pdf RES 2014-03 School Resource Program Vehicle.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the submission of a grant application for the School Resource Program Vehicle for fiscal year 2014-2015;designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Town Council - AMENDED Agenda Page 88 of 111 Meeting Date: Monday, February 3, 2014 Town of Trophy Club To: Mayor and Town Council From: Chief Kniffen CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Town Council Meeting, February 3, 2014 ______________________________________________________________________________ Agenda Item: Consider and take appropriate action approving the submission of grant application for the School Resource Program vehicle for fiscal year 2014-15. Explanation: This resolution relates to the purchase of an automobile that will be used by the School Resource Officer. The grant will include the vehicle, related vehicle equipment and lighting and additional equipment. At this early stage of drafting the grant the request is estimated to be approximately $50,000.00 with no matching funds. The vehicle currently used by the School Resource Officer is an unmarked 2007 Dodge Charger previously used for patrol. It has high mileage and the Chargers have a history of being less reliable. The Charger doubles as the departments training, back-up administrative, and the Citizens on Patrol vehicle. It does not have any emergency equipment or a mobile radio. A specific vehicle solely dedicated to the SRO is expected to last for 7-10 years. Normally, when the SRO has to make an arrest, due to the lack of a transport cage in the Charger, a patrol officer must go to the school and transport the prisoner to the Denton County Juvenile Detention Center which can take up to three hours. During those hours, the effective patrol strength in Trophy Club is reduced. If the Charger is needed for transportation to out of town training, which can last up to a week, the SRO is transported to the school by the Detective Sergeant or the Juvenile Investigator. The purchase of this specialty vehicle gives the SRO the ability to transport his own prisoners to the Detention Center and maintains patrol strength in Town. It is anticipated that this vehicle would be an unmarked sedan that would be utilized by the SRO during the summer months when he or she assists CID with investigations. Town Council - AMENDED Agenda Page 89 of 111 Meeting Date: Monday, February 3, 2014 Attachments: Resolution approving the submission of a grant application for the School Resource Program vehicle for fiscal year 2014-15 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: Recommend approval of a resolution authorizing the Police Department to apply for a grant for the School Resource Program vehicle for fiscal year 2014-15. Town Council - AMENDED Agenda Page 90 of 111 Meeting Date: Monday, February 3, 2014 TOWN OF TROPHY CLUB RESOLUTION NO. 2014-03 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, APPROVING THE SUBMISSION TO THE OFFICE OF THE GOVERNOR OF A GRANT APPLICATION FOR THE SCHOOL RESOURCE PROGRAM VEHICLE FOR THE 2014-2015 FISCAL YEAR; DESIGNATING THE TOWN MANAGER AS THE TOWN’S AUTHORIZED OFFICIAL AND AUTHORIZING THE TOWN MANAGER OR HIS DESIGNEE TO EXECUTE ALL NECESSARY DOCUMENTS; AND PROVIDING AN EFFECTIVE DATE WHEREAS, the Town of Trophy Club finds it in the best interest of the citizens of the Town of Trophy Club that the School Resource Program Vehicle to be operated in the 2014-2015 fiscal year; and WHEREAS, the Town of Trophy Club agrees that in the event of loss or misuse of the Criminal Justice Division funds, the Town of Trophy Club assures that the funds will be returned to the Criminal Justice Division in full; and WHEREAS, the Town of Trophy Club designates Mike Slye, Town Manager as the grantee’s authorized official, the authorized official is given the power to apply for, accept, reject, alter or terminate the grant on behalf of the applicant agency and to execute or name a designee to execute all necessary documents. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS; Section 1. The Town of Trophy Club approves the submission if the grant application for the School Resource Program Vehicle to the Office of the Governor, Criminal Justice Division and authorizes the Town Manager or his designee to execute all necessary documents. Section 2. This Resolution shall become effective 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 3RD day of February, 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 - AMENDED Agenda Page 91 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-889-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/25/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding the submission of a grant application for the P-25 Compliant Radio Transition Program for fiscal year 2014-2015; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Attachments:Staff Report - P-25 Compliant Radio Transition Program.pdf RES 2014-02 P25 Compliant Radio Transition Program.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding the submission of a grant application for the P-25 Compliant Radio Transition Program for fiscal year 2014-2015; designating the Town Manager as the authorized official for the Town; and authorizing him to execute all necessary documents. Town Council - AMENDED Agenda Page 92 of 111 Meeting Date: Monday, February 3, 2014 Town of Trophy Club To: Mayor and Town Council From: Chief Kniffen CC: Mike Slye, Town Manager Tammy Ard, Town Secretary Re: Town Council Meeting, February 3, 2014 ______________________________________________________________________________ Agenda Item: Consider and take appropriate action to approve the submission of a grant application for the P-25 Compliant Radio Transition Program for fiscal year 2014-15. Explanation: This resolution relates to the purchase of P-25 Compliant Radios for department-wide use. Denton County will be transitioning from analog to digital radios, rendering our current radios unusable. Replacing our analog radios with digital P-25 compliant radios is estimated at $4,500.00 per unit for in-car and portable radios. Southlake and Keller Police Departments often backup our officers and both will shortly transition to the digital system. Once the Southlake and Keller Departments switch over to the P-25 Compliant systems, which is expected to occur in the next few months, the Trophy Club patrol officers will no longer be able to fluidly communicate with those patrol officers. As we share common borders, it is critical that we be able to communicate with these agencies as well as Denton County. In this grant, the main focus will be the needs of the patrol vehicles and officers as first responders. Secondary emphasis will be on special services (CID, Animal Control, and Crime Prevention) and command staff. The maximum amount that will be requested in this grant will be approximately $80,000.00. There are no matching funds required for the purposes of the Grant application. However, additional local funds will be necessary at a later date in order to equip those vehicles and personnel that cannot be covered with funds from the grant. Attachments: Resolution approving the submission of a grant application for the P-25 Compliant Radio Transition Program for fiscal year 2014-15 Town Council - AMENDED Agenda Page 93 of 111 Meeting Date: Monday, February 3, 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 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: Recommend approval of a resolution authorizing the Police Department to apply for a grant for the P-25 Compliant Radio Transition Program for fiscal year 2014-15. Town Council - AMENDED Agenda Page 94 of 111 Meeting Date: Monday, February 3, 2014 TOWN OF TROPHY CLUB RESOLUTION NO. 2014-02 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, APPROVING THE SUBMISSION TO THE OFFICE OF THE GOVERNOR OF A GRANT APPLICATION FOR THE P25 COMPLIANT RADIO TRANSITION PROGRAM FOR THE 2014-2015 FISCAL YEAR; DESIGNATING THE TOWN MANAGER AS THE TOWN’S AUTHORIZED OFFICIAL AND AUTHORIZING THE TOWN MANAGER OR HIS DESIGNEE TO EXECUTE ALL NECESSARY DOCUMENTS; AND PROVIDING AN EFFECTIVE DATE WHEREAS, the Town of Trophy Club finds it in the best interest of the citizens of the Town of Trophy Club that the P25 Compliant Radio Transition Program to be operated in the 2014-2015 fiscal year; and WHEREAS, the Town of Trophy Club agrees that in the event of loss or misuse of the Criminal Justice Division funds, the Town of Trophy Club assures that the funds will be returned to the Criminal Justice Division in full; and WHEREAS, the Town of Trophy Club designates Mike Slye, Town Manager as the grantee’s authorized official, the authorized official is given the power to apply for, accept, reject, alter or terminate the grant on behalf of the applicant agency and to execute or name a designee to execute all necessary documents. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS; Section 1. The Town of Trophy Club approves the submission if the grant application for the P25 Compliant Radio Transition Program to the Office of the Governor, Criminal Justice Division and authorizes the Town Manager or his designee to execute all necessary documents. Section 2. This Resolution shall become effective 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 3rd day of February, 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 - AMENDED Agenda Page 95 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-905-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/28/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action relating to the terms of a long term contract for water and wastewater services with MUD No. 1 to provide water and wastewater service to the residents of the PID. Attachments: Action ByDate Action ResultVer. Consider and take appropriate action relating to the terms of a long term contract for water and wastewater services with MUD No. 1 to provide water and wastewater service to the residents of the PID. Town Council - AMENDED Agenda Page 96 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-893-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/26/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding financial and variance report dated December 2013. Attachments:December 2013 Financial Report.pdf Action ByDate Action ResultVer. Consider and take appropriate action regarding financial and variance report dated December 2013. Town Council - AMENDED Agenda Page 97 of 111 Meeting Date: Monday, February 3, 2014 1/14/2014 1:19:11 PM Page 1 of 2 Budget Report Town of Trophy Club, TX Group Summary For Fiscal: Current Period Ending: 12/31/2013 Fiscal Activity Variance Favorable (Unfavorable) Period ActivityCategor… Current Total Budget Original Total Budget Percent Used Fund: 01 - GENERAL FUND Revenue 40 - Taxes 3,117,729.512,767,808.975,215,231.00 5,215,231.00 -2,097,501.49 -59.78 % 41 - Licenses & Permits 268,761.1159,823.331,667,730.00 1,667,730.00 -1,398,968.89 -16.12 % 42 - Intergovernmental 81,171.590.00217,008.00 217,008.00 -135,836.41 -37.40 % 43 - Fines & Fees 130,636.1173,555.69497,727.00 497,727.00 -367,090.89 -26.25 % 44 - Charges for Services 76,530.0361,666.71198,763.00 198,763.00 -122,232.97 -38.50 % 45 - Rents 6,428.003,160.5055,000.00 55,000.00 -48,572.00 -11.69 % 47 - Investment Income 156.6439.315,500.00 5,500.00 -5,343.36 -2.85 % 48 - Sales 0.000.005,000.00 5,000.00 -5,000.00 0.00 % 49 - Other Financing Sources 0.000.008,000.00 8,000.00 -8,000.00 0.00 % 51 - Miscellaneous 14,110.206,385.2325,000.00 25,000.00 -10,889.80 -56.44 % 3,695,523.192,972,439.747,894,959.00 7,894,959.00 -4,199,435.81Total Revenue:-46.81 % 3,695,523.192,972,439.747,894,959.00 7,894,959.00 -4,199,435.81Total Fund: 01 - GENERAL FUND:-46.81 % Report Total:2,972,439.74 3,695,523.197,894,959.00 7,894,959.00 -4,199,435.81 -46.81 % Town Council - AMENDED Agenda Page 98 of 111 Meeting Date: Monday, February 3, 2014 1/14/2014 12:58:13 PM Page 1 of 2 Budget Report Town of Trophy Club, TX Group Summary For Fiscal: Current Period Ending: 12/31/2013 Fiscal Activity Variance Favorable (Unfavorable) Period ActivityDepartmen… Current Total Budget Original Total Budget Percent Remaining Fund: 01 - GENERAL FUND Expense 140 - Manager's Office 151,427.3745,631.00872,640.54 872,640.54 721,213.17 82.65 % 160 - Legal 37,290.8912,670.89184,246.08 184,246.08 146,955.19 79.76 % 251 - Police 480,771.66147,012.051,963,011.02 1,963,011.02 1,482,239.36 75.51 % 255 - EMS 176,493.1457,667.42853,932.98 853,932.98 677,439.84 79.33 % 360 - Streets 89,885.8633,540.53444,452.08 444,452.08 354,566.22 79.78 % 400 - Parks 207,249.4164,865.39980,966.70 980,966.70 773,717.29 78.87 % 401 - Medians 68,788.2518,961.48306,771.51 306,771.51 237,983.26 77.58 % 450 - Recreation 48,671.8517,332.30553,828.00 553,828.00 505,156.15 91.21 % 460 - Community Events 13,983.241,119.9755,915.00 55,915.00 41,931.76 74.99 % 521 - Planning and Zoning 77,398.8826,949.69241,752.65 241,752.65 164,353.77 67.98 % 522 - Community Development 65,213.5822,093.61355,600.85 355,600.85 290,387.27 81.66 % 611 - Finance 85,963.4332,257.98395,439.63 395,439.63 309,476.20 78.26 % 615 - Municipal Court 17,138.285,914.2184,993.65 84,993.65 67,855.37 79.84 % 630 - Human Resources 9,408.464,923.6598,382.20 98,382.20 88,973.74 90.44 % 640 - Information Services 87,586.3323,803.46374,271.03 374,271.03 286,684.70 76.60 % 710 - Facilities Management 57,139.541,473.2972,200.00 72,200.00 15,060.46 20.86 % 1,674,410.17516,216.927,838,403.92 7,838,403.92 6,163,993.75Total Expense:78.64 % 1,674,410.17516,216.927,838,403.92 7,838,403.92 6,163,993.75Total Fund: 01 - GENERAL FUND:78.64 % Report Total:516,216.92 1,674,410.177,838,403.92 7,838,403.92 6,163,993.75 78.64 % Town Council - AMENDED Agenda Page 99 of 111 Meeting Date: Monday, February 3, 2014 GENERAL FUND December 2013 3/12 Months (25% of Fiscal Year) REVENUES Property Taxes – Property taxes are billed in October and due by January 31. Most payments are received in December and January before they become delinquent on February 1st. During the fiscal year, the Denton Central Appraisal District (DCAD) makes supplemental assessments. Those assessments are billed by Denton County. Collections to date are 64.9% (includes current, delinquent, and penalties and interest). Sales Tax – As shown below, the Town’s total current sales tax collections are exceeded by the prior year’s sales tax collections by $21,961 (7.58 %). Sales Tax Revenues are at 21.67% of the budgeted amount. Year to Date Sales Tax Collections Increase (Decrease) FY 2013 FY 2014 Total $ 289,661 $ 267,700 $ (21,961) Below is a chart comparing sales tax collections for the prior and current years by month. The amounts illustrated represent total sales tax collections which include portions for the general fund (50%), CCPD (12.5%) and 4B (25%), and the street maintenance fund (12.5%). (Additional Note: November collections are for September sales.) $- $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 $140,000.00 Oc t No v De c Ja n Fe b Ma r Ap r Ma y Ju n Ju l Au g Se p Sales Tax Collections FY 2013 FY 2014 Town Council - AMENDED Agenda Page 100 of 111 Meeting Date: Monday, February 3, 2014 Franchise Fees – Franchise Fee revenue for the year totals $75,267 (10.3% of the budgeted amount). Licenses & Permits – Licenses and Permits revenue for the year totals $193,494 (20.6% of the budgeted amount). Intergovernmental – Represents amounts to be received from the Municipal Utility District and EDC 4B. Fines and Fees – Several fees related to recreation fall within this category and are seasonal. Court revenues are lower than anticipated at this time of year, while Developer Fees have already exceeded the budgeted amount by $36,873. Other Financing Sources – Represents transfers to be received from Trophy Club Park for services provided by the General Fund. Miscellaneous Revenue – Includes extraordinary and non-recurring sources of revenue. EXPENDITURES Planning and Zoning – Engineering expenditures have exceeded the budgeted amount of $45,000 by $2,727 as a result of higher than anticipated fees resulting from multiple construction projects in the Town. These expenditures are offset by Developer’s Fees. Facilities Management – The Town’s annual property insurance premium was paid for in full under Facilities Management in order to take advantage of an early payment discount. (This expense represents 67.4% of the department’s budget). Town Council - AMENDED Agenda Page 101 of 111 Meeting Date: Monday, February 3, 2014 1/14/2014 1:18:23 PM Page 1 of 2 Budget Report Town of Trophy Club, TX Group Summary For Fiscal: Current Period Ending: 12/31/2013 Fiscal Activity Variance Favorable (Unfavorable) Period ActivityCategor… Current Total Budget Original Total Budget Percent Remaining Fund: 09 - TROPHY CLUB PARK Revenue 43 - Fines & Fees 27,139.506,792.00130,000.00 130,000.00 -102,860.50 -79.12 % 27,139.506,792.00130,000.00 130,000.00 -102,860.50Total Revenue:-79.12 % Expense 50 - Personnel Services 10,255.413,545.2447,087.00 47,087.00 36,831.59 78.22 % 60 - Purchased Services 17,625.123,706.1455,349.00 55,349.00 37,723.88 68.16 % 70 - Supplies 6,946.82500.0014,074.00 14,074.00 7,127.18 50.64 % 80 - Capital 0.000.005,200.00 5,200.00 5,200.00 100.00 % 99 - Other Financing Uses 0.000.008,000.00 8,000.00 8,000.00 100.00 % 34,827.357,751.38129,710.00 129,710.00 94,882.65Total Expense:73.15 % -7,687.85-959.38290.00 290.00 -7,977.85Total Fund: 09 - TROPHY CLUB PARK: Report Total:-959.38 -7,687.85290.00 290.00 -7,977.85 Town Council - AMENDED Agenda Page 102 of 111 Meeting Date: Monday, February 3, 2014 TROPHY CLUB PARK FUND December 2013 3/12 Months (25% of Fiscal Year) REVENUES Park Revenue – Use of park is seasonal. EXPENDITURES Park Maintenance – To date 54% ($6,435) of the Property Maintenance budget has been spent to prepare the park for spring. Independent Labor - To date 39% ($4,000) of the Independent Labor budget has been spent to prepare the park for spring. Park Expenditures – Expenditures associated with Community Events total $5,813 of the $6,500 budgeted as of Dec 31, 2013. Town Council - AMENDED Agenda Page 103 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-894-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/26/2014 Town Council On agenda:Final action:2/3/2014 Title:Town Council Liaison Updates; discussion of same: Attachments: Action ByDate Action ResultVer. Town Council Liaison Updates; discussion of same: Town Council - AMENDED Agenda Page 104 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-895-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/26/2014 Town Council On agenda:Final action:2/3/2014 Title:Town Manager Slye's update regarding the following; discussion of same. * Transportation Update: - 114/170 Project - Round About * Fresh Meadow Drainage * Indian Creek Update & Timeline * May Election Update * Ethics Commission Vacancies * 2012 CAFR Award Attachments: Action ByDate Action ResultVer. Town Manager Slye's update regarding the following; discussion of same. * Transportation Update: - 114/170 Project - Round About * Fresh Meadow Drainage * Indian Creek Update & Timeline * May Election Update * Ethics Commission Vacancies * 2012 CAFR Award Town Council - AMENDED Agenda Page 105 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-896-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/26/2014 Town Council On agenda:Final action:2/3/2014 Title:Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. * Crime Prevention Luncheon - January 22nd * Northwest Reads - January 23rd * Community Storehouse Dinner & Auction - January 23rd * Keep Trophy Club Wild - January 27th * Mayor's Roundtable - January 30th * Northwest Metroport Annual Awards Gala - January 30th * Northeast Leadership Forum Annual Meeting & Luncheon - January 31st * Council Retreat Attachments: Action ByDate Action ResultVer. Mayor and Council Updates regarding training opportunities, educational sessions, and regional meetings; discussion of same. * Crime Prevention Luncheon - January 22nd * Northwest Reads - January 23rd * Community Storehouse Dinner & Auction - January 23rd * Keep Trophy Club Wild - January 27th * Mayor's Roundtable - January 30th * Northwest Metroport Annual Awards Gala - January 30th * Northeast Leadership Forum Annual Meeting & Luncheon - January 31st * Council Retreat Town Council - AMENDED Agenda Page 106 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-897-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/26/2014 Town Council On agenda:Final action:2/3/2014 Title:Items for Future Agendas. Attachments:Town Council Future Agenda Items List updated 1-29-2014.pdf Action ByDate Action ResultVer. Items for Future Agendas. Town Council - AMENDED Agenda Page 107 of 111 Meeting Date: Monday, February 3, 2014 Town Council Future Agenda Items List (updated 1/29/2014) 1. Consider and take appropriate action regarding procurement policies and their alignment with State statutes. (Rose 2/1/10) 2. Consider and take appropriate action regarding noise regulations for Oil and Gas Well Drilling and Production (Rose 4/26/10) 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) 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) 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) Town Council - AMENDED Agenda Page 108 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-906-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/31/2014 Town Council On agenda:Final action:2/3/2014 Title:Consider and take appropriate action regarding the resignation of Council Member Clint Schroeder. Attachments: Action ByDate Action ResultVer. Consider and take appropriate action regarding the resignation of Council Member Clint Schroeder. Town Council - AMENDED Agenda Page 109 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-898-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/26/2014 Town Council On agenda:Final action:2/3/2014 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: 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) Sites for the location of a new Police Facility and related negotiations. 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: 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) Sites for the location of a new Police Facility and related negotiations. Town Council - AMENDED Agenda Page 110 of 111 Meeting Date: Monday, February 3, 2014 100 Municipal Drive Trophy Club, Texas 76262Trophy Club Entities Legislation Details (With Text) File #: Version:12014-899-T Name: Status:Type:Agenda Item Regular Session File created:In control:1/26/2014 Town Council On agenda:Final action:2/3/2014 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 - AMENDED Agenda Page 111 of 111 Meeting Date: Monday, February 3, 2014